ZIM Integrated Shipping Services Ltd. updated shareholders on withholding tax procedures for its $0.88 per ordinary share cash dividend (approximately $106 million) payable on March 26, 2026, to holders as of March 20, 2026, under an extended tax ruling from the Israeli Tax Authority. Eligible shareholders may apply to agent IBI Trust Management by May 7, 2026, for a reduced Israeli withholding tax rate on their dividend share.
Key takeaways
Dividend of $0.88 per ordinary share payable March 26, 2026, to record date holders March 20, 2026
Initial withholding tax rate of 25% on dividend, with 75% paid directly to shareholders
Certain Israeli and non-Israeli shareholders from treaty states eligible for reduced withholding tax rate via application to IBI Trust Management
Applications must be submitted by May 7, 2026, with required documentation including tax residence confirmation and declarations
No refunds for shareholders holding >5% of shares or with dividend >$500,000 without specific ITA approval
Future dividends beyond regular policy limited by February 16, 2026, merger agreement with Hapag-Lloyd AG