ZIM Board Updates on Ongoing Strategic Review Process

Rhea-AI Summary

ZIM (NYSE: ZIM) provided an investor update on Dec 22, 2025 about its ongoing strategic review. The Board received multiple competitive proposals to acquire all outstanding ordinary shares and is evaluating them to deliver significant value to shareholders. The Board also received a revised proposal from an entity owned by CEO Eli Glickman and Rami Ungar, which the Board concluded significantly undervalued the company and declined. The review is described as in advanced stages, includes potential sale and capital-allocation options, and carries no assurance a transaction will occur. The Board will not provide further updates until an agreement is reached or the review concludes.

Positive

• Multiple acquisition proposals received for all outstanding ordinary shares
• Strategic review described as in advanced stages aiming to maximize shareholder value

Negative

• Revised proposal from CEO-owned entity was declined as undervaluing the company
• No assurance any transaction will occur; Board will not provide further updates

News Market Reaction

+3.33%

26 alerts

+3.33% News Effect

+10.5% Peak in 1 hr 40 min

+$77M Valuation Impact

$2.39B Market Cap

0.7x Rel. Volume

On the day this news was published, ZIM gained 3.33%, reflecting a moderate positive market reaction. Argus tracked a peak move of +10.5% during that session. Our momentum scanner triggered 26 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $77M to the company's valuation, bringing the market cap to $2.39B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Founding year: 1945 Countries served: more than 90 countries Customers served: approximately 33,000 customers +1 more

4 metrics

Founding year 1945 Year ZIM was founded in Israel

Countries served more than 90 countries Scope of ZIM’s global operations

Customers served approximately 33,000 customers Global customer base size

Ports served over 300 ports Network reach in global ports

Market Reality Check

Price: $20.68 Vol: Volume 2,963,444 vs 20-da...

low vol

$20.68 Last Close

Volume Volume 2,963,444 vs 20-day average 5,356,825, indicating lighter-than-normal trading ahead of this update. low

Technical Shares at $19.24 are trading above the $15.88 200-day moving average and about 18.51% below the 52-week high.

Peers on Argus

Marine shipping peers were mixed, with GOGL down 3.62%, DAC down 1.40%, CMRE dow...

Marine shipping peers were mixed, with GOGL down 3.62%, DAC down 1.40%, CMRE down 0.59%, CCEC down 0.43%, and NMM up 0.14%, suggesting this strategic review update is more stock-specific than sector-driven.

Historical Context

5 past events · Latest: Dec 16 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 16	Governance agreement	Positive	-1.9%	Shareholder group ends proxy contest and supports unified ten-director slate.
Dec 09	Investor presentation	Neutral	-1.1%	Board files investor presentation and letter ahead of shareholder meeting.
Dec 01	Dividend tax update	Neutral	-5.4%	Details on withholding procedures for <b>$0.31</b> cash dividend and tax refunds.
Nov 25	Strategic review launch	Positive	+13.6%	Board begins review after management proposal and multiple indications of interest.
Oct 30	Earnings scheduling	Neutral	-2.6%	Company schedules Q3 2025 results release and conference call details.

Pattern Detected

Strategic review news previously coincided with a strong positive move, while several governance and dividend-related updates saw negative or muted reactions.

Recent Company History

This announcement continues a series of governance and strategic review developments for ZIM. On Nov. 25, 2025, the Board disclosed a strategic review following a management-led buyout proposal and multiple third-party indications of interest, which saw a 13.63% price gain. Subsequent shareholder-meeting and proxy-related communications in December, including an agreement with a shareholder group for a unified slate of ten directors, saw modest declines. A dividend withholding tax update on a $0.31 per-share cash dividend corresponded with a larger -5.44% move. Today’s update reflects the review moving into advanced stages with competing proposals.

Market Pulse Summary

This announcement updates investors that ZIM’s strategic review has progressed to advanced stages, w...

Analysis

This announcement updates investors that ZIM’s strategic review has progressed to advanced stages, with competitive proposals from multiple strategic parties for all outstanding shares and a management-led proposal deemed to significantly undervalue the company and declined. The Board reiterates that no transaction is assured and future updates will come only upon an agreement or completion of the review. Relative to the earlier Nov. 25, 2025 disclosure, this reinforces ongoing M&A optionality while highlighting outcome uncertainty.

Key Terms

strategic alternatives, ordinary shares, forward-looking statements, u.s. private securities litigation reform act of 1995, +2 more

6 terms

strategic alternatives financial

"As part of the review of strategic alternatives that has been on-going..."

Strategic alternatives are different options a company considers to improve its value or achieve its goals, such as selling the business, merging with another company, or restructuring operations. For investors, understanding these options is important because they can significantly impact the company's future direction and its stock value, often signaling potential changes or opportunities.

ordinary shares financial

"...to acquire all the outstanding ordinary shares of the Company..."

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

forward-looking statements regulatory

"This press release contains, or may be deemed to contain, forward-looking statements..."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

u.s. private securities litigation reform act of 1995 regulatory

"...forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995)."

A federal law that changed the rules for suing companies over securities claims by making it harder to bring class-action lawsuits and by protecting certain forward-looking statements. Think of it as a rulebook that raises the bar for plaintiffs to show clear evidence of wrongdoing and gives companies limited shelter for predictions, which matters to investors because it can reduce litigation risk, legal costs, and volatility tied to lawsuit headlines.

u.s. securities and exchange commission regulatory

"...in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC")..."

The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.

risk factors regulatory

"...including under the caption "Risk Factors" in its 2024 Annual Report..."

Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.

AI-generated analysis. Not financial advice.

HAIFA, Israel, Dec. 22, 2025 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company") today provided an investor update on its strategic review process.

As part of the review of strategic alternatives that has been on-going during the past several months, the ZIM Board of Directors received competitive proposals from multiple strategic parties to acquire all the outstanding ordinary shares of the Company, and it is currently evaluating such proposals with a focus on delivering significant value to all the Company's shareholders.

The ZIM Board of Directors has also received a revised proposal from an entity owned by Eli Glickman, the Company's Chief Executive Officer and President, and Rami Ungar. After careful consideration, the ZIM Board of Directors concluded that this proposal significantly undervalued the Company and informed the management-led entity that its revised proposal was declined.

The strategic review, which is in advanced stages, includes consideration of potential value creation alternatives, such as a sale of the Company and capital allocation and potential return opportunities, with the goal of maximizing shareholder value.

There is no assurance that any transaction will occur as a result of this review or the proposals received, and the ZIM Board of Directors does not intend to provide additional updates until an agreement is reached or the review is otherwise completed.

About ZIM

Founded in Israel in 1945, ZIM is a leading global container liner shipping company with established operations in more than 90 countries serving approximately 33,000 customers in over 300 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers with innovative seaborne transportation and logistics services and exceptional customer experience. ZIM's differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com.

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). In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "proposed," potential" or "continue," the negative of these terms and other comparable terminology. 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 risks and uncertainties detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), including under the caption "Risk Factors" in its 2024 Annual Report filed with the SEC on March 12, 2025. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company assumes no duty to update any of these forward-looking statements after the date hereof to conform its prior statements to actual results or revised expectations, except as otherwise required by law.

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

Media:

Avner Shats
ZIM Integrated Shipping Services Ltd.
+972-4-865-2520
media@zim.com

Logo - https://mma.prnewswire.com/media/1933864/ZIM_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/zim-board-updates-on-ongoing-strategic-review-process-302648239.html

SOURCE ZIM Integrated Shipping Services Ltd.

FAQ

What did ZIM (NYSE: ZIM) announce on Dec 22, 2025 about the strategic review?

ZIM said the Board received multiple proposals to acquire all outstanding shares and is evaluating options in an advanced strategic review.

Did ZIM accept the revised proposal from the CEO-owned entity on Dec 22, 2025?

No; the Board concluded the CEO-owned entity's revised proposal significantly undervalued the company and declined it.

What outcomes is ZIM's Board considering during the strategic review reported Dec 22, 2025?

The Board is considering a sale of the company, capital allocation options, and potential shareholder returns.

Will ZIM provide more updates on the strategic review after Dec 22, 2025?

The Board stated it does not intend to provide additional updates until an agreement is reached or the review is completed.

How advanced is ZIM's strategic review as of Dec 22, 2025?

ZIM described the strategic review as in advanced stages while it evaluates competing proposals.

Does ZIM guarantee a transaction will result from the strategic review announced Dec 22, 2025?

No; the company expressly stated there is no assurance that any transaction will occur as a result of the review.