In March 2014, Logitech International S.A. announced approval of a $250M share repurchase program which is expected to remain in effect for a period of three years. Shares are expected to be purchased under Logitech's trading symbols either on the SIX Swiss Exchange (LOGN) or on the NASDAQ Stock Exchange (LOGI).
Under Logitech's share repurchase program, purchases of shares may be made from time to time on the open market, through block trades or otherwise, during the period commencing one trading day after public announcement of its quarterly results and ending approximately four weeks before quarter-end. During this period, purchases may be started or stopped at any time without prior notice depending on market conditions and other factors.
Official notices in German and French
Maximum daily repurchase volume
723, 278 shares
(calculated in accordance with Article 55b Abs. 1 lit. c BEHV)
In August 2013, Logitech International S.A. concluded a three-year, $250M share repurchase program. While the program was in effect, the company received approval from Swiss regulatory authorities in 2012 to amend the program to allow for repurchases on a separate trading line. Repurchases of Logitech shares were carried out on a second trading line on the SIX Swiss Exchange, with Logitech as the exclusive buyer. Logitech purchased a total of 26,109,412 shares during this program.
The Company is making the following information available regarding its share repurchases during the aforementioned program.
2012 Amendment to Share Repurchase Program