G. WILLI-FOOD INTERNATIONAL LTD.
Indicate by check mark whether registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):..........
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):............
Indicate by check mark whether registrant by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934:
If "YES" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-________.
Attached hereto and incorporated by reference herein is a press release issued by G. Willi-Food International Ltd. on July 8, 2019.
SIGNATURES
In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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G. WILLI-FOOD INTERNATIONAL LTD.
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Dated: July 8, 2019
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By:
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/s/ Amir Kaplan
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Name: Amir Kaplan
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Title: Chief Financial Officer
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FOR IMMEDIATE RELEASE
G. WILLI-FOOD PROVIDES UPDATE REGARDING TWO
PREVIOUSLY ANNOUNCED POTENTIAL ACQUISITIONS
YAVNE, Israel – July 8, 2019 -- G. Willi-Food International Ltd. (NASDAQ: WILC)
(the “
Company
”
or “
Willi Food
”), a global food company specializing in the development, manufacturing, marketing and international distribution of kosher foods, today provided an update regarding two separate and independent
memorandums of understanding, as described in the Company’s press release on April 22, 2019 (the "MOU's" and the "Transactions", as the case may be).
The Company provided the following update regarding the two potential Transactions:
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1.
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Memorandum of understanding for an investment in Miki Food Industries Fish and Salads (1992) Ltd.:
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The parties are still in the stage of due diligence in order to complete the deal to sign a specific agreement that will include conditions precedent which are customary in
agreements of this kind.
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2.
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Memorandum of understanding for an investment in Bikurei Hasadeh North 1994 Ltd.:
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In light of discussions between the parties, it was decided at this stage to delay the negotiations and the due diligence process, and it was agreed that the parties would
resume discussions in a few months.
There is no guarantee that either of the Transactions will be completed or, if completed, what the final terms of the Transactions will be.
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 600 food products worldwide. As one of Israel's leading food importers, Willi-Food markets and sells its food products to over 1,250 customers and 2,500 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 Gold Frost, a wholly owned subsidiary who 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: the risk that the potential acquisitions described in this press release will be completed, 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, 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, 2018, filed with the Securities and Exchange Commission on March 27, 2019. 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.
Amir Kaplan, Chief Financial Officer
(+972) 8-932-1000
amir.k@willi-food.co.il