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Ramat Gan, 17 March 2021
Further to the announcement made by the Company on 8 February 2021 the Company advises that it has today entered into a Merger Agreement with Yoseph Zvi 2021 Management Ltd ( YZM ), whereby it is proposed that YZM will be merged with and into the Company, with the Company being the surviving entity (the Merger ).
YZM is a newly formed company incorporated and registered in Israel which is wholly owned by Yossi Willi Management and Investments Ltd ( YWM ) and Zvi V & Co. Company Limited ( Zvi ) (together, Controlling Shareholders ), who, together with their affiliates, currently directly and indirectly hold approximately 85% of the entire issued share capital of the Company. ....

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