Willifood Investments Ltd. Amends G. Willi-Food Stake
Ticker: WILC · Form: SC 13D/A · Filed: Sep 3, 2024 · CIK: 1030997
| Field | Detail |
|---|---|
| Company | G Willi Food International Ltd (WILC) |
| Form Type | SC 13D/A |
| Filed Date | Sep 3, 2024 |
| Risk Level | medium |
| Pages | 11 |
| Reading Time | 13 min |
| Key Dollar Amounts | $15,367, $102,046 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
TL;DR
Willifood Investments just updated their G. Willi-Food stake filing - watch this space.
AI Summary
On September 3, 2024, Willifood Investments Ltd. filed an amendment (44) to its Schedule 13D concerning G. Willi-Food International Ltd. The filing indicates a change in the beneficial ownership of the ordinary shares, with Willifood Investments Ltd. being the primary filer. Specific details regarding the exact percentage change or dollar amounts are not immediately apparent from this header information.
Why It Matters
This filing signals a potential shift in control or significant investment in G. Willi-Food International Ltd., which could impact its stock price and strategic direction.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant ownership changes or activist investor activity, which can introduce volatility.
Key Players & Entities
- Willifood Investments Ltd. (company) — Filing entity
- G. Willi-Food International Ltd. (company) — Subject company
- B.S.D CROWN LTD. (company) — Group member
- JOSEPH WILLIGER (person) — Group member
- ZWI WILLIGER (person) — Group member
- Yitschak Barabi (person) — Chief Financial Officer
- Perry Wildes (person) — Attorney
FAQ
What is the specific change in beneficial ownership being reported in this amendment?
The provided header information for the SC 13D/A filing does not detail the specific percentage or number of shares that constitute the change in beneficial ownership. Further review of the full document is required.
Who are the principal beneficial owners of G. Willi-Food International Ltd. according to this filing?
The filing lists Willifood Investments Ltd. as the filer and includes B.S.D CROWN LTD., JOSEPH WILLIGER, and ZWI WILLIGER as group members, suggesting they are principal beneficial owners.
What is the CUSIP number for G. Willi-Food International Ltd. ordinary shares?
The CUSIP number for G. Willi-Food International Ltd. ordinary shares is M52523103.
When was this amendment filed with the SEC?
This amendment (Amendment No. 44) to Schedule 13D was filed on September 3, 2024.
What is the business address of G. Willi-Food International Ltd.?
The business address of G. Willi-Food International Ltd. is 4 Nahal Harif St., Yavne 81224, Israel.
Filing Stats: 3,197 words · 13 min read · ~11 pages · Grade level 9.9 · Accepted 2024-09-03 09:12:59
Key Financial Figures
- $15,367 — e Issuer for aggregate consideration of $15,367. ZW used his personal funds to acquire
- $102,046 — e Issuer for aggregate consideration of $102,046. ZW used his personal funds to acquire
Filing Documents
- zk2431979.htm (SC 13D/A) — 176KB
- 0001178913-24-002934.txt ( ) — 177KB
Security and Issuer
Item 1. Security and Issuer. The Amendment relates to the ordinary shares, NIS 0.10 nominal value per share (the " Ordinary Shares "), of G. Willi-Food International Ltd. (the " Issuer "), an Israeli company with principal executive offices at 4 Nahal Harif St., Yavne 8110602, Israel.
Identity and Background
Item 2. Identity and Background.
of Schedule 13D, "Identity and Background" is amended and restated to read as follows
Item 2 of Schedule 13D, "Identity and Background" is amended and restated to read as follows: This Amendment to Schedule 13D is being filed jointly by Willi-Food Investments Ltd. (" WIL "), B.S.D Crown LTD. (" B.S.D "), Joseph Williger (" JW "), Zwi Williger (" ZW ") (the foregoing, collectively, the " Reporting Persons "). The agreement among the Reporting Persons relating to the joint filing of this Amendment to Schedule 13D is attached as an exhibit hereto. WIL is controlled by its majority shareholder, B.S.D (formerly known as Emblaze Ltd.), a company wholly owned by JW and his brother ZW. WIL, an Israeli company traded on the Tel Aviv Stock Exchange (symbol: WLFD), acts as a holding company for the shares of the Issuer, which imports and markets food products. The business address of WIL is 4 Nahal Harif St., Northern Industrial Zone, Yavne 8110602, Israel. B.S.D, an Israeli private company, holds WIL shares. The business address of B.S.D is 7 Menachem Begin Road, Gibor Sport Tower, 8th Floor, Ramat Gan 5268102, Israel. JW is a citizen of Israel, is a director of B.S.D, director of WIL and the CEO of the Issuer. JW is a citizen of Israel and his principal employment is business management. and his residence or business address is 76 Kaplan St., Hertzliya 4674311, Israel. ZW, the brother of JW, is a director of B.S.D, the Chairman of WIL and the Chairman of the Board of Directors of the Issuer. ZW is a citizen of Israel and his principal employment is business management. The business address of ZW is 7 Hashikma St., Savion, Israel. Unless included above, set forth on Schedule I hereto, which is incorporated herein by reference, is the name, present business addresses, principal occupation or employment, name of organization where such employment is conducted, description of the principal business of such organization and citizenship of the directors and executive officers of each Reporting Person. During the last five years, none of the Reporting Person
Source and Amount of Funds or other Consideration
Item 3. Source and Amount of Funds or other Consideration. Item 3 of Schedule 13D, "Source and Amount of Funds or other Consideration" is amended by adding the following paragraph: On August 25, 2024, ZW purchased 1,568 Ordinary Shares of the Issuer for aggregate consideration of $15,367. ZW used his personal funds to acquire the Ordinary Shares. On August 29, 2024 ZW purchased 10,000 Ordinary Shares of the Issuer for aggregate consideration of $102,046. ZW used his personal funds to acquire the Ordinary Shares.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer.
of the Schedule 13D, "Interest in Securities of the Issuer" is amended and restated to read as follows
Item 5 of the Schedule 13D, "Interest in Securities of the Issuer" is amended and restated to read as follows: (a) and (b) As of the date hereof, WIL owns directly (and therefore is considered the beneficial owner of) 8,200,542 Ordinary Shares, or approximately 59.14% of the outstanding Ordinary Shares. Thus, as of the date hereof, WIL may be deemed to have the shared power to vote, or direct the voting of, and the shared power to dispose of, or direct the disposition of, all such shares. WIL is controlled by its majority shareholder, B.S.D, which as of the date hereof directly owns 771,075 Ordinary Shares of the issuer. Accordingly, as of the date hereof, B.S.D may be deemed to beneficially own 8,971,617 Ordinary Shares (comprised of 771,075 Ordinary Shares held directly by B.S.D, and 8,200,542 Ordinary Shares held directly by WIL), or approximately 64.70% of the outstanding Ordinary Shares. Thus, as of the date hereof, B.S.D may be deemed to have the shared power to vote, or direct the voting of, and the shared power to dispose of, or direct the disposition of, all such shares. As of the date hereof, JW directly owns though a wholly-owned company 13,251 Ordinary Shares and ZW directly owns though a wholly-owned company 945,695 Ordinary Shares. JW and ZW together own 100% of B.S.D shares and each be deemed to beneficially own 9,930,563 Ordinary Shares (comprised of 8,200,542 Ordinary Shares held directly by WIL, 771,075 Ordinary Shares held directly by B.S.D, 13,251 Ordinary Shares held directly by JW and 945,695 Ordinary Shares held directly by ZW), or approximately 71.61% of the outstanding Ordinary Shares. Thus, as of the date hereof, each of JW and ZW may be deemed to have the shared power to vote, or direct the voting of, and the shared power to dispose of, or direct the disposition of, all such shares. Each Reporting Person disclaims beneficial ownership of any Ordinary Shares except to the extent of his or its pecuniary interest therein. Neither the fi
Material to be
Item 7. Material to be Filed as Exhibits.
of Schedule 13D, "Material to be Filed as Exhibits" is
Item 7 of Schedule 13D, "Material to be Filed as Exhibits" is amended and restated to read as follows: Exhibits : Number Description 99.1 Joint Filing Agreement among the Reporting Persons (incorporated by reference to Amendment No. 31 to Schedule 13D filed on August 3, 2017). 8
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of the knowledge and belief of the undersigned, each of the undersigned certifies that the information set forth in this Statement is true, correct and complete. Dated: September 3, 2024 /s/ Joseph Williger Joseph Williger /s/ Zwi Williger Zwi Williger B.S.D CROWN LTD. By: /s/ Joseph Williger Name: Joseph Williger Title: DIRECTOR WILLI-FOOD INVESTMENTS LTD. By: /s/ Yitschak Barabi Name: Yitschak Barabi Title: CFO 9 Schedule 1 Unless otherwise provided in Item 2, set forth below are the names of the directors and executive officers B.S.D. Crown LTD., and Willi-Food Investments Ltd., and their present business addresses, principal occupation or employment, name of organization where such employment is conducted, description of the principal business of such organization and citizenship. In addition, any service of such persons as officers or directors of the Issuer is also indicated. The citizenship of all those listed below is Israel unless otherwise noted. Name Joseph Williger Position in B.S.D, WIL, or Issuer Shareholder of B.S.D with his brother ZW, director in WIL, and the CEO of the Issuer Residence or business address 7 Menachem Begin Road, Gibor Sport Tower 8th Floor, Ramat Gan 5268102, Israel Present principal occupation or employment Director Name of corporation or organization where employed Yossi Willi Management and Investments Ltd and the Issuer Address of corporation or organization where employed 7 Menachem Begin Road, Gibor Sport Tower 8th Floor, Ramat Gan 5268102, Israel Description of principal business of corporation or organization where employed Management and Investments 10 Name Zwi Williger Noit Williger Lital Wagman-Williger Position in B.S.D, WIL, or Issuer Shareholder of B.S.D with his brother JW, the Chairman of WIL and a Chairman of the Board of Directors of the Issuer Director in WIL ZW's daughter Director in WIL YW's daughter Resi