This Amendment No. 25 (the "Amendment") amends and supplements the Schedule 13D originally filed with the Securities and Exchange Commission October 7, 2002.
Item 1. Security and Issuer.
The Amendment relates to the ordinary shares, NIS 0.10 nominal value per share (the “Ordinary Shares”), of G. Willi-Food International Ltd. (the “Issuer”), an Israeli company with principal executive offices at 4 Nahal Harif St., Yavne 81224, Israel.
Item 2. Identity and Background.
Item 2 of Schedule 13D, “Interest in Securities of the Issuer” is amended and restated to read as follows:
This Amendment to Schedule 13D is being filed jointly by Willi-Food Investments Ltd. (“WIL”), B.S.D. Crown LTD. (“B.S.D.”), BGI Investments (1961) Ltd. (“BGI”), , Israel 18 B.V. (“Israel 18”), and Mr. Alexander Granovskyi (“AG”) (the foregoing, collectively, the “Reporting Persons”). The agreement among the Reporting Persons relating to the joint filing of this Amendment to Schedule 13D is attached as an exhibit hereto.
WIL is controlled by its majority shareholder, B.S.D., which in turn is controlled by BGI (which directly owns 25.1% of B.S.D.'s outstanding shares and holds a power of attorney from its controlling shareholder, Israel 18, to vote an additional 19.0% of B.S.D.'s outstanding shares). BGI is controlled by Israel 18, which owns 71.5% of the outstanding shares in BGI. Israel 18 is controlled by AG, who owns 90% of the priority shares in Israel 18 (which affords AG 90% of its voting rights).
WIL is an Israeli company that acts as a holding company for the shares of the Issuer, which imports and markets food products. The business address of WIL and the Issuer is 4 Nahal Harif St., Northern Industrial Zone, Yavne 8110602, Israel. In addition to being the controlling shareholder of WIL, B.S.D., an Israeli company which is traded on the London Stock Exchange (symbol: BSD), is engaged in providing various IT, software, and mobile services. Formerly known as Emblaze Ltd., BGI is a holding company incorporated in Israel for holding shares of B.S.D. and other private companies. The business address of both B.S.D. and BGI is 132 Menachem Begin Road, Azrieli Center, Triangle Tower (40th Floor), Tel Aviv 6702301, Israel. Israel 18, which is incorporated in the Netherlands, is a holding company for shares of BGI and B.S.D. The business address of Israel 18 is 4901 HW Oosterhout, Zandheuvel 52 B, the Netherlands. AG is Chairman of the Board of Directors of B.S.D., serves on the Board of Directors of the Issuer and WIL, and is an active investor with holdings in Israel 18 and various other private businesses in the Ukraine and surrounding countries. A citizen of the Ukraine, his residence or business address is 143/18, Fontanska doroga, Odessa, 65000, Ukraine.
Unless included above, set forth on Schedule I hereto, which is incorporated herein by reference, is the name, present business addresses, principal occupation or employment, name of organization where such employment is conducted, description of the principal business of such organization and citizenship of the directors and executive officers of each Reporting Person.
During the last five years, none of the Reporting Persons nor, to the best of their knowledge, any of the entities or individuals mentioned in this Item 2 or listed on Schedule I hereto, has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding has been or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of Schedule 13D, "Source and Amount of Funds or Other Consideration" is amended by adding the following paragraph:
On March 4, 2015 and March 11, 2015, respectively, Zwi Williger ("ZW") and Joseph Williger ("JW") each exercised options to purchase 66,667 Ordinary Shares from the Issuer at $6.50 per share. Pursuant to the Company Put Option, ZW and JW each put 66,667 Ordinary Shares to B.S.D. on March 24, 2015 for a price of $12 per share. Working capital of B.S.D. was used to acquire the 133,334 Ordinary Shares for a total of $1,600,008.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D, “Interest in Securities of the Issuer” is amended and restated to read as follows:
(a) and (b)
As of the date hereof, WIL owns directly (and therefore is considered the beneficial owner of) 7,780,614 Ordinary Shares, or approximately 59.36% of the outstanding Ordinary Shares. Thus, as of the date hereof, WIL may be deemed to have the shared power to vote, or direct the voting of, and the shared power to dispose of, or direct the disposition of, all such shares.
WIL is controlled by its majority shareholder, B.S.D., which in turn is controlled by BGI (which directly owns 25.1% of B.S.D.'s outstanding shares and holds a power of attorney from its controlling shareholder, Israel 18, to vote an additional 19.0% of B.S.D.'s outstanding shares). BGI is controlled by Israel 18, which owns 71.5% of the outstanding shares in BGI. Israel 18 is controlled by AG, who owns 90% of the priority shares in Israel 18 (which affords AG 90% of its voting rights). Accordingly, B.S.D., BGI, Israel 18 and AG may be deemed to beneficially own the 7,780,614 Ordinary Shares held directly by WIL.
As of the date hereof, ZW is the direct beneficial owner of 504,407 Ordinary Shares (or approximately 3.85% of the outstanding Ordinary Shares). Thus, as of the date hereof, ZW may be deemed to have the shared power to vote, or direct the voting of, and the shared power to dispose of, or direct the disposition of, all such shares. In addition, ZW granted to B.S.D. an irrevocable proxy with respect to the 504,407 Ordinary Shares that he beneficially owns so as to allow B.S.D. to vote such shares at a general meeting of the Issuer. Accordingly, B.S.D., BGI, Israel 18 and AG each may be deemed to beneficially own 8,418,355 Ordinary Shares (comprised of 7,780,614 Ordinary Shares directly owned by WIL, 504,407 Ordinary Shares for which B.S.D. holds an irrevocable proxy granted by ZW, and 133,334 Ordinary Shares directly owned by B.S.D., or approximately 64.23% of the outstanding Ordinary Shares). Thus, as of the date hereof, B.S.D., BGI, Israel 18 and AG each may be deemed to have the shared power to vote, or direct the voting of, and the shared power to dispose of, or direct the disposition of, all such shares.
Each Reporting Person disclaims beneficial ownership of any Ordinary Shares except to the extent of his or its pecuniary interest therein. Neither the filing of this Amendment to Schedule 13D nor any of its contents shall be deemed to constitute an admission that any Reporting Person is the beneficial owner of the Ordinary Shares referred to herein for purposes of Section 13(d) of the Exchange Act or for any other purpose.
(c) Except as set forth in this Amendment to Schedule 13D, to the best knowledge of the Reporting Persons, none of the Reporting Persons and no other person or entity described in Item 2 of this report has beneficial ownership of, or has engaged in any transaction during the past 60 days in respect of, any Ordinary Shares.
(d) No person, other than the Reporting Persons, has the right to receive or the power to direct the receipt of dividend from, or the proceeds from the sale of, the Ordinary Shares referred to in this Item 5.
(e) Not applicable
Percentages set forth in this Amendment to Schedule 13D were calculated based on 13,107,579 Ordinary Shares of the Issuer outstanding as of March 31, 2015 (as provided by the Issuer).
Item 7. Material to be Filed as Exhibits.
Item 7 of Schedule 13D, “Interest in Securities of the Issuer” is amended and restated to read as follows:
Exhibits:
| 99.1 | Joint Filing Agreement among the Reporting Persons |
| 99.2 | Agreement Between B.S.D Crown Ltd. (f/k/a Emblaze Ltd.) and Zwi W. & Co. Ltd., and Yossi Willi Management & Investments Ltd., Y.M. Dekel – Holdings & Investments Ltd., Joseph Williger dated March 2, 2014 (incorporated herein by reference to Exhibit 99.3 to Amendment No. 23 to the Schedule 13D filed on June 13, 2014). |
| 99.3 | Amendment Number 1 dated March 6, 2014 to the Agreement Between B.S.D Crown Ltd. (f/k/a Emblaze Ltd.) and Zwi W. & Co. Ltd., and Yossi Willi Management & Investments Ltd., Y.M. Dekel – Holdings & Investments Ltd., Joseph Williger (incorporated herein by reference to Exhibit 99.4 to Amendment No. 23 to the Schedule 13D filed on June 13, 2014). |
| 99.4 | Amendment Number 2 dated March 18, 2014 to the Agreement Between B.S.D Crown Ltd. (f/k/a Emblaze Ltd.) and Zwi W. & Co. Ltd., and Yossi Willi Management & Investments Ltd., Y.M. Dekel – Holdings & Investments Ltd., Joseph Williger (incorporated herein by reference to Exhibit 99.5 to Amendment No. 23 to the Schedule 13D filed on June 13, 2014). |
| 99.5 | Amendment Number 3 dated March 30, 2014 to the Agreement Between B.S.D Crown Ltd. (f/k/a Emblaze Ltd.) and Zwi W. & Co. Ltd., and Yossi Willi Management & Investments Ltd., Y.M. Dekel – Holdings & Investments Ltd., Joseph Williger (incorporated herein by reference to Exhibit 99.6 to Amendment No. 23 to the Schedule 13D filed on June 13, 2014). |
| 99.6 | Amendment Number 4 dated April 1, 2014 to the Agreement Between B.S.D Crown Ltd. (f/k/a Emblaze Ltd.) and Zwi W. & Co. Ltd., and Yossi Willi Management & Investments Ltd., Y.M. Dekel – Holdings & Investments Ltd., Joseph Williger (incorporated herein by reference to Exhibit 99.7 to Amendment No. 23 to the Schedule 13D filed on June 13, 2014). |
SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief of the undersigned, each of the undersigned certifies that the information set forth in this Statement is true, correct and complete.
| /s/ Alexander Granovskyi | |
| Alexander Granovskyi | |
| | |
| B.S.D. CROWN LTD. | |
| | |
| By: /s/ Israel Yossef Schneorson | |
| Name: Israel Yossef Schneorson | |
| Title: Chief Executive Officer | |
| | |
| By: /s/ Eyal Merdler | |
| Name: Eyal Merdler Title: Chief Financial Officer | |
| | |
| WILLI-FOOD INVESTMENTS LTD. | |
| | |
| By: /s/ Joseph Williger | |
| Name: Joseph Williger Title: Chairman | |
| | |
| By: /s/ Gil Hochboim | |
| Name: Gil Hochboim Title: Chief Executive Officer | |
Schedule 1
Unless otherwise provided in Item 2, set forth below are the names of the directors and executive officers of Israel 18 B.V., BGI Investments (1961) Ltd., B.S.D. Crown LTD., and Willi-Food Investments Ltd., and their present business addresses, principal occupation or employment, name of organization where such employment is conducted, description of the principal business of such organization and citizenship. In addition, any service of such persons as officers or directors of the Issuer is also indicated. The citizenship of all those listed below is Israel unless otherwise noted.
Name | Amnon Ben-Shay | Merav Siegel | Gershon Chanoch Windweboim |
| Board of Directors of BGI | Board of Directors of BGI | Board of Directors of BGI, B.S.D., WIL and the Issuer |
Residence or business address | 32 Meskin St., Petach Tikva, Israel | 5 Haagor St., Moshav Zur Moshe, Israel | Tibirias 8, Beni-Brak 51403, Israel |
Present principal occupation or employment | CFO | Investment banker | Lawyer |
Name of corporation or organization where employed | ABE Trans Ltd. | Valkyrie Investment Ltd. | Meir Mizrachi Law Firm |
Address of corporation or organization where employed | 42 Herbert Samuel St., Tel Aviv, Israel | P.O Box 201, Moshav Zur Moshe, Israel | 14 Aba H. Silver Rd., Ramat Gan, Israel |
Description of principal business of corporation or organization where employed | International shipping and real estate in Poland | Banking and investment | Real estate and tax law |
Name | Tamar Kfir | Israel Yossef Schneorson | Shneor Zalman Vigler |
| Board of Directors of BGI | CEO and Deputy Chairman of the Board of Directors of both BGI and B.S.D.; Deputy Chairman of the Board of Directors of both WIL and the Issuer | Board of Directors of BGI, WIL and the Issuer |
Residence or business address | 30 Simtat Simcha Holtzberg, Givat Shmuel, Israel | P.O Box 350, Kfar-Habad 60840, Israel | P.O.Box 192, Kfar-Habad, Israel |
Present principal occupation or employment | CEO | CEO and Deputy Chairman of the Board of Directors of both BGI and B.S.D. | CEO |
Name of corporation or organization where employed | HBL Hadasit Bio Holdings Ltd. | BGI and B.S.D. | The Jewish community in Odessa and Southern Ukraine |
Address of corporation or organization where employed | Jerusalem Bio-Park, 5th Floor, Hadassah Ein Kerem Campus, Jerusalem 91120, Israel | Provided in Item 2 | Osipova 21, Odessa, Ukraine |
Description of principal business of corporation or organization where employed | Holding company in the field of biomedical investments | Provided in Item 2 | Material and spiritual assistance to members of the Jewish community |
Name | Eyal Merdler | Oleksandr Kondratyuk* | Yossef Schvinger |
| CFO and Company Secretary of both BGI and B.S.D. | Sole Director of Israel 18 | Board of Directors of B.S.D. |
Residence or business address | Adam Hacohen 14, Tel Aviv 64585, Israel | 4901 HW Oosterhout, Zandheuvel 52 B, the Netherlands | HaKablan St. 12/14, Jerusalem, Israel |
Present principal occupation or employment | CFO and Company Secretary of both BGI and B.S.D. | Sole Director of Israel 18 | Director General of the National Center for the Development of Holy Sites in Israel |
Name of corporation or organization where employed | BGI and B.S.D. | Israel 18 | National Center for the Development of Holy Sites in Israel |
Address of corporation or organization where employed | Provided in Item 2 | Provided in Item 2 | 68 Kanfei Nesharim St., Jerusalem, Israel |
Description of principal business of corporation or organization where employed | Provided in Item 2 | Provided in Item 2 | Governmental corporation that supervises the maintenance and development of holy sites if Israel |
* Citizen of the Ukraine.
Name | Zvi Shur | Keren Arad-Leibovitz | David Amsalem |
| Board of Directors of B.S.D. | Board of Directors of B.S.D. | Board of Directors of WIL |
Residence or business address | Hashoftim St. 57/20, Ramat Hasharon 47210, Israel | 2 Veinshel St., Tel Aviv, Israel | Harava 21, Maale Adumim, Israel |
Present principal occupation or employment | Director at Shemen Industries Ltd., Kardan Nadlan Ltd. and B.S.D. | Lawyer | Director of Improvement |
Name of corporation or organization where employed | Shemen Industries Ltd., Kardan Nadlan Ltd. and B.S.D. | Keren Law - Law Firm | City of Jerusalem |
Address of corporation or organization where employed | Hashoftim St. 57/20, Ramat Hasharon 47210, Israel | 2 Veinshel St., Tel Aviv, Israel | Harava 21, Maale Adumim, Israel |
Description of principal business of corporation or organization where employed | Shemen Industries Ltd. produces various types of olive and other oils; Kardan Nadlan Ltd. is in the property and real estate business; B.S.D.is provided in Item 2 | Commercial law, general legal counsel services, and capital markets / securities | Local municipality |
Name | Emil Bulilovsky | Gil Hochboim | Itai Loewenstein |
| VP of Business Development for B.S.D., and Director of B.S.D, WIL and Issuer | CEO of WIL and Issuer | CFO of WIL and Issuer |
Residence or business address | 132 Menachem Begin Road, Azrieli Center, Triangle Tower (40th Floor), Tel Aviv 6702301, Israel | 4 Nahal Harif St., Northern Industrial Zone, Yavne 81106, Israel | 4 Nahal Harif St., Northern Industrial Zone, Yavne 81106, Israel |
Present principal occupation or employment | VP of Business Development for B.S.D., CEO of WIL and Issuer | VP of Issuer | CFO of Issuer |
Name of corporation or organization where employed | B.S.D, WIL, and Issuer | Issuer | Issuer |
Address of corporation or organization where employed | Provided in Item 2 | 4 Nahal Harif St., Northern Industrial Zone, Yavne, 81106, Israel | 4 Nahal Harif St., Northern Industrial Zone, Yavne, 81106, Israel |
Description of principal business of corporation or organization where employed | Provided in Item 2 | Importing and marketing of food products | Importing and marketing of food products |
Name | Shlomit Penn* | Israel Adler | Zwi Williger |
| Board of Directors of WIL | Board of Directors of WIL | Chairman of the Board of the Issuer and Director of WIL |
Residence or business address | 4 Tamrir St., Jaffa, Israel | 18 Alterman, Kfar Sabba, Israel | 4 Nahal Harif St., Northern Industrial Zone, Yavne 81106, Israel |
Present principal occupation or employment | Consultant to high-tech companies mainly in the U.S. market regarding business development and sales | Advocate | Chairman of the Board of the Issuer |
Name of corporation or organization where employed | Self-employed | Israel Adler Law Office | Issuer |
Address of corporation or organization where employed | 4 Tamrir St., Jaffa, Israel | 7 Haumanim, Tel Aviv, Israel | 4 Nahal Harif St., Northern Industrial Zone, Yavne, 81106, Israel |
Description of principal business of corporation or organization where employed | N/A | Law office | Importing and marketing of food products |
* Citizen of both Israel and Poland.
Name | Joseph Williger | | |
| President and Director of the Issuer and Chairman of the Board of WIL | | |
Residence or business address | 4 Nahal Harif St., Northern Industrial Zone, Yavne 81106, Israel | | |
Present principal occupation or employment | President and Director of the Issuer | | |
Name of corporation or organization where employed | Issuer | | |
Address of corporation or organization where employed | 4 Nahal Harif St., Northern Industrial Zone, Yavne, 81106, Israel | | |
Description of principal business of corporation or organization where employed | Importing and marketing of food products | | |
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