General Assembly approves two-for-one Share Split
Romanel-sur-Morges, Switzerland/Fremont, Calif. -- June 29, 2000 -- Logitech (NASDAQ:LOGIY; Switzerland:LOGN, LOGZ), international market leader in human interface devices that define the way people link to information in business, at home and online, today announced that its shareholders have approved the previously announced 2 for 1 stock split of its registered shares. The stock split will be effective on July 5, 2000.
As a result of the stock split, holders of record of registered shares as of the close of business on July 4, 2000 will hold double the number of registered shares. In addition, holders of record of American Depositary Shares as of the close of business on July 4, 2000 will hold double the number of American Depositary Shares. The current ratio of ten American Depositary Shares to one registered share will remain unchanged. The stock split will be reflected in the trading prices of the company's registered shares traded on the Swiss Exchange and the company's American Depositary Shares traded on the Nasdaq National Market beginning on July 5, 2000.
The exchange of the certificates representing the registered shares will be made in due course. The distribution date for the additional American Depositary Receipts to be issued in connection with the stock split is July 6, 2000.
About Logitech
Founded in 1981, Logitech designs, manufactures and markets human interface devices and supporting software that link people to the Internet and enable them to work, play, learn and communicate more effectively in the digital world. Logitech's interface products include Internet video cameras; input and pointing devices such as corded and cordless mice, keyboards and optical trackballs; multimedia speakers; and interactive gaming products such as joysticks, gamepads and racing systems.
With operational headquarters through its U.S. subsidiary in Fremont, California, and regional headquarters through local subsidiaries in Romanel, Switzerland, and Hsinchu, Taiwan, R.O.C., Logitech International is a Swiss public company traded in Switzerland under the symbols LOGN and LOGZ, and in the U.S. on the Nasdaq National Market System (LOGIY). The company has manufacturing facilities in Asia and offices in major cities in North America, Europe and Asia Pacific.
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