Willi-Food, a global company that specializes in the development, marketing and international distribution of kosher foods, announced today that, on January 10, 2017, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that it is no longer in compliance with Nasdaq Listing Rule 5620(a) because it did not hold an annual meeting of shareholders within twelve months of the end of the Company’s fiscal year ended December 31, 2015.
The letter states that the Company has 45 calendar days, or until February 24, 2017, to submit a plan to regain compliance, and if Nasdaq accepts the plan, it can grant an exception of up to 180 calendar days from the fiscal year ended December 31, 2016, or until June 29, 2017, to regain compliance. The Company intends to submit to NASDAQ, within the requisite time, a plan to regain compliance.
G. Willi-Food International Ltd. (http://www.willi-food.com) is an Israeli-based company specializing in high-quality, great-tasting kosher food products. Willi-Food is engaged directly and through its subsidiaries in the design, import, marketing and distribution of over 600 food products worldwide.