Business
G. Willi-Food International Announces Adoption Of Dividend Distribution Policy
YAVNE, Israel , Aug. 16, 2021 /PRNewswire/ -- G. Willi-Food International Ltd. (NASDAQ: WILC) (TASE: WILF) (the "Company" or "Willi-Food"), a global company
About this update from G. Willi-food International, Ltd.
[{"type":"text","content":"YAVNE, Israel , Aug. 16, 2021 /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 adopted a dividend distribution policy according to which the Company is to distribute to its shareholders a dividend at a cumulative annual rate of at least 40% of the Company's annual net profit according to its most recent audited or reviewed consolidated financial statements. \nDividend distributions will be made at the sole discretion of the Company's Board of Directors taking into account, inter alia, the Company's financial condition from time to time, including the Company's cash resources, projected cash needs and liquidity, the Company's growth and investment plans and the requirements of applicable law.\nThere is no guarantee if and when the Company will pay dividends or the scope and timing of any such dividends, and the Company's Board of Directors retains the discretion at any time to change the dividend policy, change the dividend rate, decide on the timing and scope of any dividends or decide not to distribute a dividend at all.\nAbout G. Willi-Food International Ltd.\nG. 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 1,600 customers and 3,200 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 (Gold-Frost) Ltd., a wholly owned subsidiary who designs, develops and distributes branded kosher, dairy-food products.\nFORWARD LOOKING STATEMENT\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 fo...