Key Developments: G Willi-Food International Ltd (WILC.PH)
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13 Dec 2011
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$4.63
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Latest Key Developments (Source: Significant Developments)
G Willi-Food International Ltd Comments On Q1 2013 Revenue Guidance
G Willi-Food International Ltd announced that it expects to report more than 20% revenue growth for the first quarter of 2013 as compared to the first three months of 2012. Full Article
G Willi-Food International Ltd Comments On FY 2013 Revenue Guidance
G Willi-Food International Ltd announced that for fiscal 2013, it expects double digit sales growth over the USD76.8 million reported sales in 2012. Full Article
G Willi-Food International Ltd Comments On Q4 2012 And FY 2013 Guidance
G Willi-Food International Ltd announced that it expects to deliver sales and profit growth in the fourth quarter of 2012 and in fiscal 2013 compared to the comparable periods. Full Article
G. Willi-Food International Ltd. Announces Termination Of Share Repurchase Program
G. Willi-Food International Ltd. announced that it had decided to terminate the share repurchase program it announced on September 1, 2011. Willi-Food decided to terminate its share repurchase program in order to focus its resources on developing its core business activity. Since the inception of Willi-Food's repurchase program, the Company has purchased approximately USD 2.9 million of Willi-Food's Ordinary Shares. Full Article
G. Willi-Food International Ltd. Announces Closing Of Sale Of Holdings In Shamir Salads
G. Willi-Food International Ltd. announced the closing of the sale of its entire 51% ownership interest in Shamir Salads (2006) Ltd. Full Article
G. Willi-Food International Ltd. Announces Sale of Holdings in Shamir Salads (2006) Ltd.
G. Willi-Food International Ltd. announced an agreement to sell its entire 51% ownership interest in Shamir Salads (2006) Ltd. ("Shamir Salads") for NIS 12 million to other shareholders of Shamir Salads ("Other Shareholders") as a result of settlement of a dispute with those shareholders. In addition, the Company will receive NIS 1.5 million in past due management fees as part of the settlement. The agreement, reached on December 16, 2011, as part of arbitration proceedings between the Other Sharholders and the Company, also provides that the Company will be released from any guarantees provided to banks or other entities regarding payment of Shamir Salads promissory notes, and that representatives of the Company will resign from the Board of Directors of Shamir Salads. Full Article
G. Willi-Food International Ltd. Comments On Q4 2011 And Q1 2012 Net Income Guidance
G. Willi-Food International Ltd. announced that it expects net income for the fourth quarter of 2011 and the first quarter of 2012 to be significantly lower compared to comparable prior quarters. Full Article
G. Willi-Food International Ltd. Announces Appointment of New CEO
G. Willi-Food International Ltd. announced the appointment of Kobi Levi as Chief Executive Officer effective immediately. Mr. Levi replaced Joseph Williger, who has served as Chief Executive Officer of the Company since its inception in January 1994, and is continuing to serve as its President. Mr. Williger is no longer able to continue to serve as CEO due to a recent amendment to the Israeli Companies Law which forbids a person or his immediate family member from serving as both a Chairman and a CEO. Full Article
G. Willi-Food International Ltd. Announces Share Repurchase Program
G. Willi-Food International Ltd. announced that its Board of Directors has authorized a share repurchase program permitting the Company to repurchase up to $5 million of the Company's Ordinary Shares over the next twelve months. The Ordinary Shares may be repurchased from time to time in open market transactions or privately negotiated transactions at the Company's discretion. The timing and amount of shares repurchased will be determined by the Company's management based on its evaluation of market conditions, the trading price of Willi Food shares and other factors, and subject to the restrictions relating to volume, price and timing under applicable law, including Rule 10b-18 under the Securities Exchange Act of 1934. The repurchase program may be increased, suspended or discontinued at any time. Full Article
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