YAVNE, Israel, Sept. 5,
2023 /PRNewswire/ -- G. Willi-Food International Ltd.
(NASDAQ: WILC) (TASE: WILF) (the "Company" or "Willi-Food"), a
global company that specializes in the development, marketing and
international distribution of kosher foods, today announced updated
record date information on the cash dividend distribution declared
by the Company's Board of Directors of approximately NIS 0.72 per ordinary share and an aggregate
dividend of NIS 10 million
(approximately US$0.19 and
US$2.64 million respectively, based
on representative rate of exchange as of September 5, 2023).
The dividend is payable to shareholders of record as of the
close of business on September 15,
2023 and will be payable on September
26, 2023. For shareholders who will receive the dividend
payment in US dollars, the amount of the dividend per share is not
final and is subject to change due to the need to convert the
amount from NIS to US dollars in accordance with the Bank of
Israel's representative rate of
exchange on September 15, 2023. The
final dividend amount is also subject to change based on the number
of ordinary shares outstanding on the record date.
The record date has been updated from the Company's previous
announcement submitted to the Securities and Exchange Commission on
Form 6-K.
About G. Willi-Food International Ltd.
G. Willi-Food International
Ltd. (http://www.willi-food.com) is an Israeli-based company
specializing in high-quality, great-tasting kosher food products.
Willi-Food is engaged directly and through its subsidiaries in the
design, import, marketing and distribution of over 650 food
products worldwide. As one of Israel's leading food importers, Willi-Food
markets and sells its food products to over 1,500 customers and
3,000 selling points in Israel and
around the world, including large retail and private supermarket
chains, wholesalers and institutional consumers. The Company's
operating divisions include Willi-Food in Israel and Euro European Dairies, a wholly
owned subsidiary that designs, develops and distributes branded
kosher, dairy-food products.
FORWARD LOOKING STATEMENT
This press release contains forward-looking statements within
the meaning of safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 relating to future events or our
future performance, such as statements regarding trends, demand for
our products and expected sales, operating results, and earnings.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance
or achievements expressed or implied in those forward-looking
statements. These risks and other factors include but are not
limited to: war in Ukraine,
the COVID-19 pandemic, disruptions to international commercial
shipping and disruptions in commodity pricing monetary
risks including changes in marketable securities or changes in
currency exchange rates- especially the NIS/U.S. Dollar exchange
rate, payment default by any of our major clients, the loss of one
of more of our key personnel, changes in laws and regulations,
including those relating to the food distribution industry, and
inability to meet and maintain regulatory qualifications and
approvals for our products, termination of arrangements with our
suppliers, loss of one or more of our principal clients, increase
or decrease in global purchase prices of food products, increasing
levels of competition in Israel
and other markets in which we do business, changes in economic
conditions in Israel, including in
particular economic conditions in the Company's core markets, our
inability to accurately predict consumption of our products and
changes in consumer preferences, our inability to protect our
intellectual property rights, our inability to successfully
integrate our recent acquisitions, insurance coverage not
sufficient enough to cover losses of product liability claims, and
risks associated with product liability claims . We cannot
guarantee future results, levels of activity, performance or
achievements. The matters discussed in this press release also
involve risks and uncertainties summarized under the heading "Risk
Factors" in the Company's Annual Report on Form 20-F for the year
ended December 31, 2022, filed with
the Securities and Exchange Commission on March 23, 2023. These factors are updated from
time to time through the filing of reports and registration
statements with the Securities and Exchange Commission. We do not
assume any obligation to update the forward-looking information
contained in this press release.
Company Contact:
G. Willi - Food International Ltd.
Yitschak Barabi, Chief Financial
Officer
(+972) 8-932-1000
itsik.b@willi-food.co.il
Logo -
https://mma.prnewswire.com/media/959267/G_Willi_Food_International_Logo.jpg
View original
content:https://www.prnewswire.com/news-releases/g-willi-food-international-announces-updated-record-date-information-on-dividend-distribution-of-nis-10-million-us-2-64-million-301918103.html
SOURCE G. Willi-Food International Ltd.
