Following the approval of the listing of its shares by the Tel Aviv Stock Exchange, G. Willi-Food International Ltd., a company listed on Nasdaq that develops, imports and markets international food products in Israel, announces its dual-listing starting on June 15, 2020 under the symbol WILF. The company is expected to join TASE's leading indices in August 2020.
Trading of the company's shares on NASDAQ will continue and the company will be subject to the reporting and disclosure requirements of the U.S. Securities and Exchange Commission (SEC). As part of the dual-listing, the company will not be required to submit reports other than those required in the United States.
G. Willi-Food International specialized in the development, import and marketing of food products from around the world to Israel, and offers a wide variety of food products under several brand names. The company operates out of a logistics center that it owns in Yavne that stores dry, chilled and frozen products and serves the distribution network that markets the products to its customers. The company has close to 1,250 commercial customers and 2,500 points of sale in Israel.
Joseph and Zwi Williger, Co-Chairmen in G. Willi-Food International: “We are excited to be listed for trade on the Tel Aviv Stock Exchange as a way of offering an additional avenue for Israeli investors looking to take part in the growth of the company. Over the past two years, the company has significantly expanded the variety of its products by entering new food categories, which has contributed to a substantial growth in its revenue and operating profit. The company intends to pursue the further expansion of its mix of products, enter additional food categories in Israel and create a presence in other markets in the international kosher food sector. By listing the company for trade on the Tel Aviv Stock Exchange, we hope to welcome new shareholders into the company and offer an easily accessible channel of investment for public institutions in Israel to partake in the company's journey to growth."
Ittai Ben Zeev, CEO of the Tel Aviv Stock Exchange: “we congratulate Willi-Food International for choosing to join the Tel Aviv Stock Exchange. Dual-listing on TASE has multiple advantages for both the company and investors, and we believe that any Israeli company, even if already listed for trade overseas, should be a part of TASE and the Israeli capital market. Dual-listed companies enjoy the benefits of expanding the pool of potential investors, longer trading hours, inclusion in TASE indices and more."
The company's website http://www.willi-food.co.il/
