NEWARK, Calif. & LAUSANNE, Switzerland--(BUSINESS WIRE)--
Logitech International (SIX:LOGN) (Nasdaq:LOGI) today announced that, as
of April 24, 2017, the Company’s three-year share buyback program,
initiated in April 2014, expired. During the three years of the 2014
share buyback program, the Company repurchased 9,112,417 of its shares.
Details of Logitech's share repurchase history can be found on the
Company's website at http://ir.logitech.com.
In March 2017, the Company’s Board of Directors approved a new 2017
share buyback program, which authorizes the Company to use up to $250
million to repurchase its shares. The new program, communicated at
Logitech’s Analyst and Investor Day last month, is expected to begin in
May 2017, following approval from the Swiss Takeover Board.
About Logitech
Logitech designs products that have an everyday place in people's lives,
connecting them to the digital experiences they care about. More than 35
years ago, Logitech started connecting people through computers, and now
it’s a multi-brand company designing products that bring people together
through music, gaming, video and computing. Brands of Logitech include Jaybird,
Logitech
G and Ultimate
Ears. Founded in 1981, and headquartered in Lausanne, Switzerland,
Logitech International is a Swiss public company listed on the SIX Swiss
Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find
Logitech at www.logitech.com,
the company
blog or @Logitech.
2017 Logitech, Logicool, Logi 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 website at www.logitech.com.
(LOGIIR)
View source version on businesswire.com: http://www.businesswire.com/news/home/20170424006716/en/
Source: Logitech International