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G Willi-Food Schedule 13D: Williger brothers tighten control to 75 %

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Amendment No. 49 to Schedule 13D discloses the current equity positions of Willi-Food Investments Ltd. (WIL), B.S.D Crown Ltd. (B.S.D), and the brothers Joseph (JW) and Zwi (ZW) Williger in G Willi-Food International Ltd. (WILC).

Ownership structure:

  • WIL directly holds 8,200,542 ordinary shares, equal to 59.07 % of the 13,883,685 shares outstanding.
  • B.S.D owns 771,075 shares directly and controls WIL, giving it 8,971,617 shares (64.62 %) on a look-through basis.
  • JW directly owns 130,751 shares and ZW directly owns 1,406,867 shares.
  • Each of JW and ZW may be deemed to beneficially own 10,514,235 shares, or 75.73 % of the class, through their 100 % ownership of B.S.D.

Recent transactions: Between 13 Nov 2024 and 7 Jul 2025, ZW purchased 176,431 shares for an aggregate US$3.24 million (converted from NIS). Purchases were made on the Tel Aviv Stock Exchange at prices ranging from $16.25 – $19.62 per share; a one-day sale of 34,014 shares occurred on 2 Jul 2025 at $19.64.

Control considerations: Although JW and ZW disclaim acting as a group, their combined direct and indirect holdings exceed three-quarters of WILC’s outstanding shares, effectively giving them joint control over voting and disposition. No other person is entitled to dividends or sale proceeds from these shares. There have been no criminal or civil securities violations by the reporting persons in the past five years.

Key takeaway for investors: Insider ownership and recent incremental buying by ZW further tighten the public float, potentially supporting the share price but also concentrating control and reducing liquidity for minority shareholders.

Positive

  • Incremental insider purchases: Zwi Williger bought 176,431 shares for US$3.24 m, a direct signal of management confidence.
  • High insider alignment: Combined beneficial ownership of 75.73 % tightly aligns managerial and shareholder interests.

Negative

  • Reduced public float: With insiders now holding over 75 %, liquidity for minority investors is constrained.
  • Concentrated control: Effective unilateral decision-making authority raises governance and minority-rights concerns.

Insights

TL;DR: Williger brothers lift combined stake to 75.7 %, signalling confidence but shrinking float.

The amendment shows Zwi Williger’s $3.2 m open-market accumulation of 176 k shares, raising insider ownership to three-quarters of WILC’s equity. Such buying often reflects management confidence and can be marginally supportive for valuation. However, the high concentration leaves <25 % in public hands, which may curb trading liquidity and narrow the investor base. Investors should weigh the positive signalling against reduced free float and potential governance entrenchment.

TL;DR: Extreme insider control heightens minority-shareholder risk despite no legal issues reported.

With B.S.D, WIL, JW and ZW collectively controlling 64–76 % of votes, board and management decisions can be unilaterally determined. The brothers disclaim acting as a Section 13(d) group, yet their economic alignment effectively yields control. While no legal proceedings or violations are noted, the limited float (≈3.5 m shares) reduces market oversight and elevates related-party-transaction risk. Impact is material for corporate governance assessments.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
Rows (8) (10) and (11): 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) 130,751 Ordinary Shares held directly by Joseph Williger ("JW"), and (iv) 1,406,867 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. Row (13): Based on 13,883,685 Ordinary Shares outstanding as of July 7, 2025 (as provided by the Issuer).


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows (8) (10) and (11): 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) 130,751 Ordinary Shares held directly by Joseph Williger ("JW"), and (iv) 1,406,867 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. Row (13): Based on 13,883,685 Ordinary Shares outstanding as of July 7, 2025 (as provided by the Issuer).


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows (8) (10) and (11): Consists of (i) 8,200,542 Ordinary Shares held directly by Willi-Food Investments Ltd. ("WIL") and (ii) 771,075 Ordinary Shares held directly by B.S.D Crown LTD. ("B.S.D"). Row (13): Based on 13,883,685 Ordinary Shares outstanding as of July 7, 2025 (as provided by the Issuer).


SCHEDULE 13D




Comment for Type of Reporting Person:
Row (13): Based on 13,883,685 Ordinary Shares outstanding as of July 7, 2025 (as provided by the Issuer). The beneficial ownership of the Ordinary Shares is further described in Item 5.


SCHEDULE 13D


Joseph Williger
Signature:/s/ Joseph Williger
Name/Title:Joseph Williger
Date:07/08/2025
Zwi Williger
Signature:/s/ Zwi Williger
Name/Title:Zwi Williger
Date:07/08/2025
B.S.D Crown LTD.
Signature:/s/ Joseph Williger
Name/Title:Joseph Williger, DIRECTOR
Date:07/08/2025
Willifood Investments Ltd
Signature:/s/ Yitschak Barabi
Name/Title:Yitschak Barabi, CEO
Date:07/08/2025

FAQ

How many G Willi-Food (WILC) shares do insiders currently control?

Joseph and Zwi Williger each may be deemed to control 10,514,235 shares, representing 75.73 % of outstanding stock.

What recent share purchases were disclosed in the Schedule 13D filing?

Between Nov 2024 and Jul 2025, Zwi Williger purchased 176,431 shares for US$3.24 million at prices of $16.25–$19.62.

What percentage of WILC shares does Willi-Food Investments Ltd. own?

WIL directly owns 8,200,542 shares, equal to 59.07 % of the outstanding ordinary shares.

Did the reporting persons indicate any legal or regulatory issues?

No. The filing states none of the reporting persons has faced criminal or civil securities violations in the past five years.

Why is the high insider ownership important to investors?

It can signal management confidence but also reduces liquidity and concentrates control, affecting minority-shareholder influence.
G Willi Food Intl Ltd

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382.89M
3.20M
76.92%
11.54%
0.04%
Food Distribution
Consumer Defensive
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Israel
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