Israeli kosher food group G Willi-Food today (12 March) announced that it has proced its oppering of 3.3m shares at US$6.05 a share.

The company said that it expects the public offering to raise in the region of $20m, with net proceeds expected to total approximately $19m.

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When contacted by just-food, a spokesperson for the company said proceeds would be used to fund the company’s strategic plans and for “general corporate purposes”.

The offering is expected to close on 17 March.

The company has granted the underwriters the option to purchase an additional 330.579 shares of common stock to cover over-allotments.

Rodman & Renshaw acted as book-running manager and Chardan Capital Markets acted as co-manager for the offering.

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