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 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:
Acting pursuant to the Company Put Option, Zwi Williger put 337,741 Ordinary Shares to B.S.D. on June 30, 2015 for a price of $12 per share. Working capital of B.S.D. was used to acquire the 337,741 Ordinary Shares for a total of $4,052,892.
In addition, working capital of WIL was used to acquire an additional 257,453 Ordinary Shares of the Company in open market purchase transactions on the NASDAQ Capital Market (as described further in Item 5(c)).
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) 8,177,453 Ordinary Shares, or approximately 62.39% 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 directly owns 637,741 Ordinary Shares. B.S.D. 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 each be deemed to beneficially own 8,815,194 Ordinary Shares (comprised of 8,177,453 Ordinary Shares held directly by WIL and 637,741 Ordinary Shares held directly by B.S.D), or approximately 67.25% of the outstanding Ordinary 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.
Other than the transactions described in Item 3, the following table sets forth all of the transactions in Ordinary Shares by each of the Reporting Persons and any other person or entity described in Item 2 of this report during the past 60 days (such transactions involved open market purchase transactions of Ordinary Shares on the NASDAQ Capital Market):
Date | | Purchase of Ordinary Shares by WIL | | | Purchase of ordinary Shares by B.S.D. | | | Purchase of Ordinary Shares by BGI | | | Purchase of Ordinary Shares by AG | | | Purchase of Ordinary Shares by Israel 18 | | | Price Per Share | |
06/19/15 | | | 39,603 | | | | --- | | | | --- | | | | --- | | | | --- | | | $ | US 5.78 | |
06/22/15 | | | 14,350 | | | | --- | | | | --- | | | | --- | | | | --- | | | $ | US 5.97 | |
06/23/15 | | | 30,000 | | | | --- | | | | --- | | | | --- | | | | --- | | | $ | US 5.95 | |
06/24/15 | | | 28,000 | | | | --- | | | | --- | | | | --- | | | | --- | | | $ | US 5.98 | |
06/25/15 | | | 21,000 | | | | --- | | | | --- | | | | --- | | | | --- | | | $ | US 5.96 | |
06/26/15 | | | 124,500 | | | | --- | | | | --- | | | | --- | | | | --- | | | $ | US 5.99 | |
(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 July 2, 2015 (as provided by the Issuer).
Item 7. Material to be Filed as Exhibits.
Item 7 of Schedule 13D, “Material to be Filed as Exhibits” is amended and restated to read as follows: