Sec Form 13D Filing - WILLIFOOD INVESTMENTS LTD filing for G WILLI FOOD INTERNATIONAL LTD (WILC) - 2022-08-11

Insider filing report for Changes in Beneficial Ownership

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
SCHEDULE 13D/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 40)
 
G. Willi-Food International Ltd.
(Name of Issuer)
 
Ordinary Shares, nominal value NIS 0.10 per share
(Title of Class of Securities)
 
       M52523103      
(CUSIP Number)
 
4 Nahal Harif St.,
Yavne 81224, Israel
Attention: Yitschak Barabi, Chief Financial Officer
Telephone:  972-8-932-1000
 
with a copy to:

Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co.
One Azrieli Center
Tel Aviv 67021, Israel
Attn:  Perry Wildes, Adv.
 972-3-607-4444
Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications
 
August 11, 2022

(Date of Event which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), (f) or (g), check the following box: ☐

Note:  Schedules filed in paper format should include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 

 
CUSIP No.: M52523103
SCHEDULE 13D/A
Page 2 of 15 Pages
 
1
NAME OR REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph Williger
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 
(a) ☐
(b) ☒
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
PF
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION:  
 
Israel
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
-0-
8
SHARED VOTING POWER
 
9,637,162 Ordinary Shares (1)
9
SOLE DISPOSITIVE POWER
 
-0-
10
SHARED DISPOSITIVE POWER
 
9,637,162 Ordinary Shares (1)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:  
 
9,637,162 Ordinary Shares (1)
12
CHECK IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
69.5% (2)
14
TYPE OF REPORTING PERSON
 
IN
 
(1)
Consists of (i) 8,200,542 Ordinary Shares held directly by Willi-Food Investments Ltd. ("WIL"), (ii) 771,075 Ordinary Shares held directly by B.S.D Crown LTD. ("B.S.D"), (iii) 13,251 Ordinary Shares held directly by Joseph Williger (“JW”), and (iv) 652,294 Ordinary Shares held directly by Zwi Williger ("ZW"). JW and ZW disclaim the existence of any group for purposes of Section 13(d) of the Exchange Act.  See Item 5.  The beneficial ownership of the Ordinary Shares is further described in Item 5.

(2)
Based on 13,867,017 Ordinary Shares outstanding as of  August 11, 2022 (as provided by the Issuer).
2


 
CUSIP No.: M52523103
SCHEDULE 13D/A
Page 3 of 15 Pages
 
1
NAME OR REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Zwi Williger
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 
(a) ☐
(b) ☒
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
PF
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION:  
 
Israel
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
-0-
8
SHARED VOTING POWER
 
9,637,162 Ordinary Shares (1)
9
SOLE DISPOSITIVE POWER
 
-0-
10
SHARED DISPOSITIVE POWER
 
9,637,162 Ordinary Shares (1)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:  
 
9,637,162 Ordinary Shares (1)
12
CHECK IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
69.5% (2)
14
TYPE OF REPORTING PERSON
 
IN

(1)
Consists of (i) 8,200,542 Ordinary Shares held directly by WIL, (ii) 771,075 Ordinary Shares held directly by B.S.D, (iii) 13,251 Ordinary Shares held directly by JW, and (iv) 652,294 Ordinary Shares held directly by ZW. JW and ZW disclaim the existence of any group for purposes of Section 13(d) of the Exchange Act.  See Item 5.  The beneficial ownership of the Ordinary Shares is further described in Item 5.

(2)
Based on 13,867,017 Ordinary Shares outstanding as of August 11, 2022 (as provided by the Issuer).

3

 
CUSIP No.: M52523103
SCHEDULE 13D/A
Page 4 of 15 Pages
 
1
NAME OR REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
B.S.D. Crown LTD.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 
(a) ☐
(b) ☒
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
WC
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION:  
 
Israel
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
-0-
8
SHARED VOTING POWER
 
8,971,617 Ordinary Shares (1)
9
SOLE DISPOSITIVE POWER
 
-0-
10
SHARED DISPOSITIVE POWER
 
8,971,617 Ordinary Shares (1)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:  
 
8,971,617 Ordinary Shares (1)
12
CHECK IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
64.70%  (2)
14
TYPE OF REPORTING PERSON
 
CO
 
(1)
Consists of (i) 8,200,542 Ordinary Shares held directly by WIL, and (ii) 771,075 Ordinary Shares held directly by B.S.D.  The beneficial ownership of the Ordinary Shares is further described in Item 5.

(2)
Based on 13,867,017 Ordinary Shares outstanding as of August 11, 2022 (as provided by the Issuer).

4

 
 
CUSIP No.: M52523103
SCHEDULE 13D/A
Page 5 of 15 Pages
 
1
NAME OR REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Willi-Food Investments Ltd.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 
(a) ☐
(b) ☒
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
WC
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION:  
 
Israel
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
-0-
8
SHARED VOTING POWER
 
8,200,542 Ordinary Shares
9
SOLE DISPOSITIVE POWER
 
-0-
10
SHARED DISPOSITIVE POWER
 
8,200,542 Ordinary Shares
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:  
 
8,200,542 Ordinary Shares
12
CHECK IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
59.14% (1)
14
TYPE OF REPORTING PERSON
 
CO
 
(1)
Based on 13,867,017 Ordinary Shares outstanding as of August 11, 2022 (as provided by the Issuer). The beneficial ownership of the Ordinary Shares is further described in Item 5.
 
5

 
This Amendment No. 40 (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 8110602, Israel.

Item 2.  Identity and Background.

Item 2 of Schedule 13D, “Identity and Background” 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”), Joseph Williger (“JW”), Zwi Williger ("ZW") (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 (formerly known as Emblaze Ltd.).  a company wholly owned by JW and his brother ZW.

WIL, an Israeli company traded on the Tel Aviv Stock Exchange (symbol: WLFD), acts as a holding company for the shares of the Issuer, which imports and markets food products. The business address of WIL is 4 Nahal Harif St., Northern Industrial Zone, Yavne 8110602, Israel.

B.S.D, an Israeli private company, holds WIL shares. The business address of B.S.D is 7 Menachem Begin Road, Gibor Sport Tower, 8th Floor, Ramat Gan 5268102, Israel.

JW is a citizen of Israel, is a director of B.S.D, director of WIL and a Co-Chairman of the Board of Directors of the Issuer. JW is a citizen of Israel and his principal employment is business management.  and his residence or business address is 76 Kaplan St., Hertzliya  4674311, Israel.

ZW, the brother of JW, is a director of B.S.D, the Chairman of WIL and a Co-Chairman of the Board of Directors of the Issuer. ZW is a citizen of Israel and his principal employment is business management. The business address of ZW is 7 Hashikma St., Savion, Israel.

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.

6


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:
 
Between June 28, 2022 until August 5, 2022, ZW purchased 25,611 Ordinary Shares of the Issuer for aggregate consideration of $418,353. ZW used his personal funds to acquire the Ordinary  Shares.
 
Between July 31, 2022 until August 4, 2022, JW purchased 7,867 Ordinary Shares of the Issuer for aggregate consideration of $125,931. JW used his personal funds to acquire the Ordinary  Shares.
 
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) 8,200,542 Ordinary Shares, or approximately 59.14% 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 as of the date hereof directly owns 771,075 Ordinary Shares of the issuer.  Accordingly, as of the date hereof, B.S.D may be deemed to beneficially own 8,971,617 Ordinary Shares (comprised of 771,075 Ordinary Shares held directly by B.S.D, and 8,200,542 Ordinary Shares held directly by WIL), or approximately 64.70% of the outstanding Ordinary Shares.  Thus, as of the date hereof, B.S.D 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.

As of the date hereof, JW directly owns though a wholly-owned company 11,006 Ordinary Shares and ZW directly owns though a wholly-owned company 652,294 Ordinary Shares. JW and ZW together own 100% of B.S.D shares and each be deemed to beneficially own 9,634,917 Ordinary Shares (comprised of 8,200,542 Ordinary Shares held directly by WIL, 771,075 Ordinary Shares held directly by B.S.D, 13,251 Ordinary Shares held directly by JW and 652,294 Ordinary Shares held directly by ZW), or approximately 69.5% of the outstanding Ordinary Shares. Thus, as of the date hereof, each of JW and 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.

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.

Because JW and ZW are brothers, both serve as a Co-Chairman of the Board of Directors of the Issuer, and JW and ZW together beneficially own 100% of the outstanding shares of B.S.D, the Reporting Persons may be deemed to constitute a "group" for purposes of Section 13(d) of the Exchange Act.  However, ZW and JW have not acted in concert in connection with the transactions described herein and have not been, nor are they currently, parties to any voting or other arrangement with respect to their holdings in B.S.D, WIL or the Issuer, and they disclaim the existence of any such group.

Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that a group exists for purposes of Schedule 13(d) of the Exchange Act or for any other purpose, and each Reporting Person disclaims the existence of any such group.


7


The beneficial ownership percentages above for the Issuer are based on 13,867,017 Ordinary Shares outstanding as of August 11, 2022, as provided by the Issuer.

Price in USD
Purchase/Sale
Number of Shares
Purchaser/Seller
Date
16.73
purchase
25
ZW
28/06/2022
17.05
purchase
550
ZW
28/06/2022
16.75
purchase
53
ZW
29/06/2022
16.78
purchase
23
ZW
29/06/2022
17.25
purchase
338
ZW
30/06/2022
17.17
purchase
530
ZW
11/07/2022
17.45
purchase
100
ZW
11/07/2022
17.22
purchase
393
ZW
13/07/2022
17.22
purchase
2,000
ZW
14/07/2022
17.22
purchase
2,000
ZW
14/07/2022
17.22
purchase
986
ZW
14/07/2022
16.87
purchase
165
ZW
15/07/2022
17.16
purchase
1,782
ZW
15/07/2022
16.64
purchase
500
ZW
19/07/2022
16.68
purchase
200
ZW
19/07/2022
16.68
purchase
300
ZW
19/07/2022
16.10
purchase
1,304
ZW
20/07/2022
16.24
purchase
390
ZW
22/07/2022
16.52
purchase
2,500
ZW
25/07/2022
16.44
purchase
1,000
ZW
26/07/2022
16.20
purchase
2,500
ZW
02/08/2022
15.34
purchase
7,972
ZW
05/08/2022
16.22
purchase
5,400
JW
31/07/2022
15.87
purchase
467
JW
01/08/2022
15.44
purchase
2,000
JW
04/08/2022
15.36
purchase
2,245
JW
10/08/2022


8


(c)          Except as set forth in the table below, 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.
 
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:
 
Exhibits:
 

Number
Description
 
 
9

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.
 
Dated:  August 11, 2022
 
 
/s/ Joseph Williger
Joseph Williger

/s/ Zwi Williger
Zwi Williger
 
B.S.D CROWN LTD.
 
By: /s/ Yitschak Barabi
Name: Yitschak Barabi
Title:    CFO
 
WILLI-FOOD INVESTMENTS LTD.
 
By: /s/ Yitschak Barabi
Name: Yitschak Barabi
Title:   CFO
 
10


Schedule 1
 
Unless otherwise provided in Item 2, set forth below are the names of the directors and executive officers 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
Joseph Williger
Position in B.S.D, WIL, or Issuer
Sharholder of B.S.D with his brother ZW, director in WIL, and a Co-Chairman of the Board of Directors of the Issuer
Residence or business address
7 Menachem Begin Road, Gibor Sport Tower 8th Floor, Ramat Gan 5268102, Israel
Present principal occupation or employment
Director
Name of corporation or organization where employed
Yossi Willi Management and Investments Ltd and the issuer
Address of corporation or organization where employed
7 Menachem Begin Road, Gibor Sport Tower 8th Floor, Ramat Gan 5268102, Israel
Description of principal business of corporation or organization where employed
Management and Investments

11

Name
Zwi Williger
Position in B.S.D, WIL, or Issuer
Shareholder of B.S.D with his brother JW, the Chairman of WIL and a Co-Chairman of the Board of Directors of the Issuer
Residence or business address
Nachal Harif Street Northern Industrial Area Yavne, 81106022
Present principal occupation or employment
Director
Name of corporation or organization where employed
ZVI V & CO. and the issuer.
Address of corporation or organization where employed
Nachal Harif Street Northern Industrial Area Yavne 81106022, Israel
Description of principal business of corporation or organization where employed
Management and investments

12

 
Name
Benzi Sao
Kobi Navon
Ziv Ironi
Position in B.S.D, WIL, or Issuer
Independent Director of WIL
Independent director in WIL
External director of WIL
Residence or business address
42 Hazav St., Kfar Vradim, Israel
13 David Ben Gurion St., Bnei Brak, Israel
2 Ibn Gvirol St., Tel Aviv, Israel
Present principal occupation or employment
Security
CPA (Israel)
Corporate litigator
Name of corporation or organization where employed
SIGNAL – intelligence group
Navon Waisfeld & Co.
Ziv Ironi Advocates & Notary
Address of corporation or organization where employed
26 Histadrut St., Petach Tikva, Israel
13 David Ben Gurion St., Bnei Brak, Israel
2 Ibn Gvirol St., Tel Aviv, Israel
Description of principal business of corporation or organization where employed
Consultation in intelligence, investigations and security
Senior partner
Law office

13

Name
Avital Bar-Dayan
Erez Viner
Yitschak Barabi
Position in B.S.D, WIL, or Issuer
External director of WIL
Chief Executive Officer of WIL and the Issuer
Chief Financial Officer of WIL and the Issuer
Residence or business address
32 Omri, Tel-Aviv, 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
Corporate Finance Consolatory
CEO of WIL and Issuer
Chief Financial Officer of WIL and Issuer
Name of corporation or organization where employed
Self employed
WIL and Issuer
WIL and Issuer
Address of corporation or organization where employed
32 Omri, Tel-Aviv, Israel
 
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
Independent corporate finance professional
Importing and marketing of food products
Importing and marketing of food products

14

Name
Victor Bar
Einav Brar
Idan Ben-Shitrit
Position in B.S.D, WIL, or Issuer
Director of the Issuer
External director of the Issuer
External director of the Issuer
Residence or business address
204, Ysmin St., Shilat, Israel
15, Abarzel, Ramat Achayal-Tel Aviv, Israel
10 Klozner St., Ramle, Israel
Present principal occupation or employment
Director
Chief Executive Officer
Self-employed portfolio manager
Name of corporation or organization where employed
Victor Bar Consultant Ltd.
TLV Medical Center
Meitav Co. & Altris Co.
Address of corporation or organization where employed
204, Ysmin St., Shilat, Israel
15, Abarzel, Ramat Achayal-Tel Aviv, Israel
10 Klozner St., Ramle, Israel
Description of principal business of corporation or organization where employed
Provides financial services including value estimations for companies and other entities
Surgical center
Portfolio management services



15