ZIM Integrated Shipping Services Ltd. has reached an agreement with a shareholder group regarding the composition of its board of directors ahead of the company’s upcoming Annual and Extraordinary General Meeting, scheduled for December 26, 2025.
The agreement was reached with a shareholder group led by Mor Gemel Pension Ltd., Reading Capital Ltd. and Sparta 24 Ltd.
Under the terms of the arrangement, the shareholder group has agreed to withdraw its proxy contest, while ZIM’s board has approved a unified slate of ten director nominees to be presented to shareholders at the meeting.
The proposed slate includes all current incumbent directors, as well as Ron Hadassi and Ran Gritzerstein, both of whom will be recommended by the board for election. ZIM said an updated notice for the Annual Meeting, reflecting the full list of nominees, will be filed on the EDGAR system in due course.
As part of the agreement, Dr. Keren Bar-Hava (CPA) has withdrawn her candidacy for election as a director and has instead been appointed as an observer to the board. The shareholder group has also withdrawn its previously issued position statement.
Members of the shareholder group, which includes Israeli institutional and retail investors, have publicly expressed full confidence in ZIM’s board of directors.
The group said it supports the board’s ongoing strategic review and endorses the election of all ten director nominees recommended by the company. Shareholders were encouraged to vote in favor of the full slate at the Annual Meeting.
“This agreement reflects strong alignment between the board and shareholders at a pivotal moment for the company,” said Yair Seroussi, Chairman, ZIM Integrated Shipping Services. “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 said its board remains committed to acting in the best interests of the company and its shareholders and will continue to provide updates as the strategic review progresses. The board unanimously recommends that shareholders vote in favor of all ten director nominees.
