Business
G. Willi-Food International Announces Its Board's Decision to Register Its Shares for Dual Listing on the Tel Aviv Stock Exchange
YAVNE, Israel, May 21, 2020 /PRNewswire/ -- G. Willi-Food International Ltd. (NASDAQ: WILC) (the "Company" or "Willi-Food"), a global company that specializes
About this update from G. Willi-food International, Ltd.
[{"type":"text","content":"YAVNE, Israel, May 21, 2020 /PRNewswire/ -- G. Willi-Food International Ltd. (NASDAQ: WILC) (the \"Company\" or \"Willi-Food\"), a global company that specializes in the development, marketing and international distribution of kosher foods, today announced the decision of its Board of Director to register the Company's shares for dual listing on the Tel Aviv Stock Exchange (\"TASE\").\n\n \n \n \n \n \n \n\n \nDual listing on the TASE is allowed under Israeli law without any additional reporting or other regulatory requirements for companies whose shares are listed on certain exchanges outside of Israel, including the NASDAQ Capital Market.\nIn order for Wili-Food to qualify for the dual listing registration process, it is required to meet the requirements of the Israel Securities Authority (ISA) and the TASE.\nWilli-Food's Board of Directors has approved registration on the TASE subject to satisfaction of the above requirements.\nZwi Williger & Joseph Williger, Co-Chairmen of Willi-Food, commented: \"We are excited about the possibility of joining the TASE with this dual listing. We hope that the TASE dual listing will increase our visibility within the Israeli investment community, expand the Company's shareholder base and enable a convenient way for Israeli institutional investors to invest in the Company and be part of its ongoing growth.\"\nIn the event that Willi-Food's ordinary shares are registered for dual listing on the TASE, such shares will continue to be listed on the NASDAQ Capital Market in the United States, and the Company will remain subject to the rules and regulations of NASDAQ and of the U.S. Securities and Exchange Commission.\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 1,250 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 Euro European Dai...