Summary by Futu AI
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) has announced that certain shareholders may be eligible for a reduced Israeli withholding tax rate on a dividend due to be distributed on September 5, 2024. This follows a tax ruling from the Israeli Tax Authority, which allows for a reduced rate under specific terms and conditions. The dividend, amounting to $0.93 per share or approximately $112 million in total, was previously declared on August 19, 2024, and is payable to shareholders of record as of August 29, 2024. Shareholders must submit required documentation to the appointed Agent, IBI Trust Management, by October 8, 2024, to potentially benefit from the reduced tax rate. The company emphasizes that this does not guarantee future dividends and advises shareholders to consult with tax advisors regarding their individual circumstances. The necessary forms and further details are available on ZIM's website and have been filed with the SEC.