The following release was published by ZIM:
ZIM today announced that it has reached an agreement with a shareholder group led by Mor Gemel Pension Ltd., Reading Capital Ltd. and Sparta 24 Ltd. (the "Shareholder Group") regarding the composition of the Company's Board of Directors ahead of ZIM's upcoming Annual and Extraordinary General Meeting of Shareholders scheduled to be held on December 26, 2025 (the "Annual Meeting").
Pursuant to the agreement, the Shareholder Group has agreed to withdraw its proxy contest, and ZIM's Board of Directors has approved a unified slate of ten director nominees to be presented to the shareholders at the Annual Meeting. The slate includes each of the Company's incumbent directors, as well as Ron Hadassi and Ran Gritzerstein, who will be recommended by the Board for election. An updated notice for the Annual Meeting reflecting the full slate of ten nominees will be filed on the EDGAR system shortly.
In addition, Dr. Keren Bar-Hava (CPA) has withdrawn her candidacy for election as a director and has been appointed as an observer to the Board. The Shareholder Group has also withdrawn its previously issued position statement.
Each member of the Shareholder Group, which includes Israeli institutional and retail shareholders, publicly expresses full confidence in ZIM's Board of Directors, strongly supports the Board's ongoing strategic review, and endorses the election of all ten director nominees recommended by the Board. Each member of the Shareholder Group supports and is in favor of the Company's slate at the Annual Meeting and encourages all ZIM shareholders to vote in favor of all the nominees.
Yair Seroussi, Chairman of ZIM's Board of Directors, said: "This agreement reflects strong alignment between the Board and shareholders at a pivotal moment for the Company. With broad support for the full slate of directors, the Board can remain fully focused on completing its strategic review and maximizing value for all ZIM shareholders."
ZIM's Board remains committed to acting in the best interests of the Company and its shareholders and will continue to keep shareholders informed as the strategic review progresses. The Board unanimously recommends that shareholders vote FOR all ten director nominees.
Your Vote Matters
ZIM shareholders are encouraged to vote FOR all ten director nominees to support the Board's full slate and ensure the uninterrupted completion of the Company's strategic review. Shareholders who have already voted may change their vote by submitting a new proxy using their original control number.
If shareholders have questions or require assistance in voting their shares for the Meeting, please contact the Company's proxy solicitor, Sodali & Co, at the following contact information:
Source: ZIM