YAVNE, Israel, March 21,
2024 /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 that
the Company's Board of Directors has declared a cash dividend
distribution of approximately NIS
0.72 per ordinary share and an aggregate dividend of
NIS 10 million (approximately
US$0.2 and US$2.72 million respectively, based on
representative rate of exchange as of March
21, 2024).
The dividend is payable to shareholders of record as of the
close of business on April 3, 2024
and will be payable on April 17,
2024. 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
April 3, 2024. The final dividend
amount is also subject to change based on the number of ordinary
shares outstanding on the record date.
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 include statements regarding the timing
of construction of the Company's new logistics center and its
expected benefits. 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: delays in the construction of the Company's
new logistics center and the risk that its expected benefits will
not be materialized, 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 political, economic and military
conditions in Israel, particularly
the recent war in Israel,
and economic conditions in the Company's core markets, delays
and price increases due to the attacks on global shipping
routes in the Red Sea, , 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, risks associated with product liability claims
and risks associated with the start of credit extension activity.
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, 2023, filed with
the Securities and Exchange Commission on March 21, 2024. 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
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SOURCE G. Willi-Food International Ltd.
