G Willi-food (WILC) Board Approves 5M Share Buyback
G. Willi-Food International Ltd. (NASDAQ: WILC) announced today that its controlling shareholder, Willi-Food Investments Ltd. ("Investments") reported that its board of directors had authorized the purchase of up to USD5 million of the Company's Ordinary Shares. According to the report, the price per Ordinary Share of the Company to be acquired by Investments will not exceed the Company's shareholders' equity per Ordinary Share.
Investments has informed the Company that the timing and amount of share purchases by Investments will be determined by the management of Investments based on its evaluation of market conditions, the trading price of the Company's shares and other factors. The purchase program may be increased, suspended or discontinued at any time.
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