Company announces completion of $250 million buyback, beginning of new $250 million buyback
ROMANEL-SUR-MORGES, Switzerland, Feb. 5, 2008 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced that it has completed its current $250 million share buyback program. Under this program, initiated in Nov. 2006 and completed Feb. 4, 2008, Logitech repurchased a total of 8'759'450 shares at an average per share price of $ 28.54 (CHF 34.04).
Logitech now plans to begin its new $250 million share buyback program. As announced by the Company on June 19, 2007, Logitech's board of directors approved the new buyback program with repurchases to begin upon completion of the earlier program and approval by Swiss regulatory authorities.
About Logitech
Logitech is a world leader in personal peripherals, driving innovation in PC navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. Founded in 1981, Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
Logitech, the Logitech logo and other Logitech marks are owned by Logitech and may be registered. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the Company's Web site at www.logitech.com.
(LOGI - IR)
Editorial Contacts:
Joe Greenhalgh, Vice President, Investor Relations - USA (510) 713-4430
Ben Starkie, Public Relations Manager - Europe +41-(0) 21-863-5195
Nancy Morrison, Director, Corporate Communications - USA (510) 713-4948