LOS ANGELES -- (Business Wire)
Global nutrition company, Herbalife (NYSE: HLF), today announced that
Michael O. Johnson, Herbalife's chairman and CEO, has engaged in a net
exercise transaction involving 290,000 stock appreciation rights that
were due to expire in May 2017. Because of his complete confidence in
the continued and future success of the company, Mr. Johnson has decided
that he will hold all the shares issued on exercise of these awards,
which will be the total amount, net of those necessary to cover the
exercise price and any taxes related to the transaction.
About Herbalife
Herbalife is a global nutrition company that has been changing people's
lives with great products since 1980. Our nutrition, weight-management,
energy and fitness and personal care products are available
exclusively to and through dedicated Herbalife Independent Members in
more than 90 countries. We are committed to fighting the worldwide
problems of poor nutrition and obesity by offering high-quality
products, one-on-one coaching with an Herbalife Member and a community
that inspires customers to live a healthy, active life.
We support the Herbalife Family Foundation (HFF) and its Casa
Herbalife programs to help bring good nutrition to children in need. We
also sponsor more than 190 world-class athletes, teams and events around
the globe, including Cristiano Ronaldo, the LA Galaxy and champions in
many other sports.
The company has over 8,000 employees worldwide, and its shares are
traded on the New York Stock Exchange (NYSE: HLF) with net sales of
approximately $4.5 billion in 2016. To learn more, visit Herbalife.com
or IAmHerbalife.com.
The company also encourages investors to visit its investor relations
website at http://ir.herbalife.com
as financial and other information is updated and new information is
posted.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170301006558/en/
Contacts:
Herbalife Ltd.
Jen Butler, 213-745-0420
VP, Media Relations
jenb@herbalife.com
or
Investor
Contact:
Alan Quan, 213-745-0541
VP, Investor Relations
alanqu@herbalife.com
Source: Herbalife Ltd.
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