VSI Buyback

The Vitamin Shoppe Buyback

OLI recorded this information on 12/7/2015

Company:

The Vitamin Shoppe

Buyback:

VSI buyback

$Amount Authorized:

$50,000,000

Buyback Details:

The Vitamin Shoppe, a multi-channel specialty retailer and manufacturer of nutritional products today announced that it has entered into agreements with JPMorgan Chase Bank, National Association (the "ASR Counterparty") to repurchase $50 million of the Company's common stock under a variable term, capped accelerated share repurchase program (the "ASR"). The ASR is part of the Company's share repurchase program, previously approved by the Company's Board. The Company will fund the ASR with proceeds from a convertible notes offering, which is expected to close December 9, 2015, subject to customary closing conditions. The aggregate number of shares of the Company's common stock to be repurchased pursuant to the ASR will be determined by reference to the Rule 10b-18 volume-weighted average price of the Company's common stock, less a fixed discount, over the term of the ASR, subject to a minimum number of shares. The ASR is expected to be completed approximately 3 months following the date of this press release, although the completion date may be accelerated.

Vitamin Shoppe is a retailer and contract manufacturer of vitamins, minerals, herbs, specialty supplements, sports nutrition and other health and wellness products. Co.'s product categories are: Vitamins, Minerals, Herbs and Homeopathy, which includes multi-vitamins such as Vitamins A, C, D, E, and B-complex, along with calcium, magnesium, chromium and zinc; Sports Nutrition, which include protein and weight gain powders, meal replacements, weight management, and pre and post-workout supplements; Specialty Supplements, which include organic greens, psyllium fiber and soy proteins; and Other, which include items such as on the go bars, drinks and snacks, natural beauty and personal care.

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VSI — Key Stats (updated Fri., Dec. 13, 10:21 AM)

Company Name:	Vitamin Shoppe Inc
Stock buyback:	VSI buyback
Website:	www.vitaminshoppe.com
Sector:	Specialty Retail

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The Vitamin Shoppe Buyback

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