Business
G. WILLI-FOOD ANNOUNCES RECEIPT OF NASDAQ NON-COMPLIANCE LETTER REGARDING CONVENING OF ANNUAL MEETING
YAVNE, Israel, Jan. 9, 2023 /PRNewswire/ -- G. Willi-Food International Ltd. (NASDAQ: WILC) (the "Company" or "Willi Food"), a global food company engaging
About this update from G. Willi-food International, Ltd.
[{"type":"text","content":"YAVNE, Israel, Jan. 9, 2023 /PRNewswire/ -- G. Willi-Food International Ltd. (NASDAQ: WILC) (the \"Company\" or \"Willi Food\"), a global food company engaging directly and through subsidiaries, in the design, import, marketing and distribution of a broad range of food products, announced today that, on January 4, 2023, it received a letter from The Nasdaq Stock Market (\"Nasdaq\") notifying the Company that it is no longer in compliance with Nasdaq Listing Rules 5620(a) and 5620(c) because it did not hold an annual meeting of shareholders within twelve months of the end of the Company's fiscal year-ended December 21, 2021.\nThe letter states that the Company has 45 calendar days, or until February 20, 2023, to submit a plan to regain compliance. If such plan is accepted by Nasdaq, it can grant the Company an exception of up to 180 calendar days from the fiscal year end, or until June 29, 2023, to regain compliance.\nAbout G. Willi-Food International Ltd.\nG. Willi-Food International Ltd. (http://www.willi-food.co.il) 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 a wide variety of over 600 food products world-wide. The Company's products are marketed and sold to approximately 1,500 customers and 3,000 selling points in Israel, including to supermarket chains, wholesalers and institutional consumers. The Company markets most of its products under the brand name \"Willi-Food,\" and some of its chilled and frozen products under the brand name \"Euro European Dairies.\" Certain products are marketed under brand names of other manufacturers or under other brand names. In addition, the Company distributes some of its products on an exclusive basis\nThis 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 futu...