ZIM Announces Closing Of Secondary Offering And Full Exercise Of Underwriters' Option To Purchase Additional Shares
ZIM Integrated Shipping Services Ltd. announced the closing of a secondary offering of 8,021,250 ordinary shares at $40.00 per share on June 10, 2021. The offering included 1,046,250 shares from an underwriter's option, fully exercised. ZIM did not receive any proceeds from this sale. Major financial institutions, including Citigroup and Goldman Sachs, coordinated the offering. The shares are listed on the NYSE under the ticker 'ZIM'. This announcement outlines ZIM's ongoing market activities without indicating significant changes to its financial outlook.
- Successful closing of the secondary offering of 8,021,250 shares.
- Market price of $40.00 per ordinary share indicates strong investor interest.
- ZIM did not benefit financially from the sales in the secondary offering, as it received no proceeds.
HAIFA, Israel, June 10, 2021 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) (the "Company"), a global container liner shipping company with over 75 years of experience, announced today the closing of the previously announced secondary offering by certain selling shareholders of the Company (the "Selling Shareholders"). The offering consisted of 8,021,250 ordinary shares at a price per ordinary share of
Citigroup, Goldman Sachs & Co., LLC., and Barclays acted as global coordinators and Jefferies and Clarksons Platou Securities acted as joint bookrunners for the offering.
The offering was made only by means of a prospectus which was filed with the U.S. Securities and Exchange Commission (the "SEC") and available on the SEC's website at www.sec.gov. Copies of the final prospectus relating to this offering may be obtained from: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at 1-800-831-9146; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526 or by email at prospectus-ny@ny.email.gs.com; and Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847 or by email at barclaysprospectus@broadridge.com.
A registration statement relating to the offering was previously filed with the SEC and declared effective on June 3, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About ZIM
ZIM is a global, asset-light container liner shipping company with leadership positions in the markets where it operates. Founded in Israel in 1945, ZIM is one of the oldest shipping liners, with over 75 years of experience, providing customers with innovative seaborne transportation and logistics services with a reputation for industry leading transit times, schedule reliability and service excellence.
Forward-Looking Statements
This press release contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995 and the Israeli Securities Law, 1968). In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about the Company, may include projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. These statements are only predictions based on the Company's current expectations and projections about future events or results. There are important factors that could cause the Company's actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause such differences include, but are not limited to: market changes in freight, bunker, charter and other rates or prices, new legislation or regulation affecting the Company's operations, new competition and changes in the competitive environment, the outcome of legal proceedings to which the Company is a party, and other risks and uncertainties detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission, including under the caption "Risk Factors" in its 2020 Annual Report filed with the SEC on March 22, 2021.
ZIM Contacts
Media:
Avner Shats
ZIM Integrated Shipping Services Ltd.
+972-4-8652520
shats.avner@zim.com
Investor Relations:
Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
holzman.elana@zim.com
Leon Berman
The IGB Group
212-477-8438
lberman@igbir.com
ZIM-F
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SOURCE Zim Integrated Shipping Services Ltd.
FAQ
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