Different Settlement Cycles Lead to Planned Temporary Halt to Nasdaq
Trading of Logitech Shares
NEWARK, Calif. & LAUSANNE, Switzerland--(BUSINESS WIRE)--
Logitech International (SIX: LOGN) (Nasdaq: LOGI) today confirmed that
the payment date for the Company’s dividend, approved at its 2016 annual
general meeting, is expected to be Sept. 27, 2016. The shares will be
traded ex-dividend on the Nasdaq Global Select Market starting on Sept.
22 and on the SIX Swiss Exchange on Sept. 23.
As previously communicated, due to the unaligned ex-dividend dates
resulting from Logitech’s dual listing and different settlement cycles
across the SIX Swiss and Nasdaq exchanges, Nasdaq has informed the
Company that it will temporarily halt the trading of Logitech shares on
its platform on Sept. 22, 2016 from the start of the trading session on
Nasdaq until the close of the trading session on the SIX Swiss Exchange
at approximately 11:30 a.m. Eastern Daylight Time. The reason for the
halt is the unaligned ex-dividend dates. Logitech does not expect to
disclose any additional information on this topic.
About Logitech
Logitech designs products that have an everyday place in people's lives,
connecting them to the digital experiences they care about. Over 30
years ago Logitech started connecting people through computers, and now
it’s designing products that bring people together through music,
gaming, video and computing. Founded in 1981, 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.
2016 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/20160921006344/en/
Source: Logitech International