The Board of Directors of Shaklee Global Group, Inc. (JASDAQ:8205) authorized a share repurchase program on May 15, 2013. Under the plan, the company will repurchase up to 39% of its share capital, at a price of ¥500 per share, for a total cost of ¥5.06 billion, from RHJ International SA (ENXTBR:RHJI). Upon closing, the expected gross cash proceeds from the transaction will be €30.6 million (¥4.04 billion). These proceeds will be subject to withholding taxes of approximately €2.7 million (¥356.35 million). The remaining 20% of the gross consideration will be deferred in the form of an interest bearing payment undertaking issued by Shaklee with a maturity of, at most, 3 years. Completion is subject to approval of our company's shareholder committee and closing conditions customary for a transaction of this nature and is expected to occur towards the end of the second quarter. Post transaction completion, RHJI will maintain a 1.6% stake in Shaklee. The repurchase will commence on June 25, 2013 till June 28, 2013. The conversions have been made from oanda.com as on May 15, 2013. Merrill Lynch & Co., Inc. and Peter J. Solomon Company acted as financial advisor to Shaklee Global Group, Inc.

Shaklee Global Group, Inc. completed its equity buyback on June 27, 2013.