EX-99.1 7 tm2031687d12_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

Representation to the Securities and Exchange Commission Pursuant to Item 8.A.4 of Form 20-F

 

ZIM Integrated Shipping Services Ltd. (the “Company”) has included in this Registration Statement on Form F-1 audited consolidated financial statements, prepared in accordance with International Financial Reporting Standards, for the fiscal years ended December 31, 2019, 2018 and 2017, and unaudited condensed consolidated interim financial statements for the nine month periods ended September 30, 2020 and 2019.

 

Instruction 2 to Item 8.A.4 of Form 20-F (the “Instruction”) provides that a company may comply with only the 15-month requirement in such item if the issuer is able to represent that it is not required to comply with the 12-month requirement in any other jurisdiction outside the United States and that complying with the 12-month requirement is impracticable or involves undue hardship.

 

Pursuant to the Instruction, the issuer hereby represents to the U.S. Securities and Exchange Commission that:

 

1.the Company is not required by any jurisdiction outside the United States to comply with a requirement to issue audited financial statements not older than 12 months after the Company’s fiscal year-end;

 

2.full compliance with Item 8.A.4 of Form 20-F at present is impracticable and involves undue hardship for the Company;

 

3.the Company does not anticipate that its audited financial statements for the fiscal year ended December 31, 2020 will be available until March 2021; and

 

4.in no event will the Company seek effectiveness of this registration statement on Form F-1 if its audited financial statements are older than 15 months at the time of the Company’s initial public offering.

 

Date: January 18, 2021

 

  ZIM Integrated Shipping Services Ltd.
   
  By: /s/ Xavier Destriau
  Name:    Xavier Destriau
  Title:      Chief Financial Officer