Dividend up 10% year over year;
Marjorie Lao elected to board of directors
LAUSANNE, Switzerland & NEWARK, Calif.--(BUSINESS WIRE)--
Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced, at
its annual general meeting (AGM), that the Company’s shareholders
approved a dividend of approximately CHF 0.67 per share1, an
increase of approximately 10 percent compared to last year.
Additionally, at the meeting, Logitech’s shareholders elected to the
board of directors Marjorie Lao, chief financial officer of LEGO Group.
All incumbent nominees to the board were re-elected, and all other
proposals at the AGM were approved.
Guerrino De Luca, Logitech’s chairman of the board, said: “Our strong
performance last financial year has permitted us to continue to increase
our annual dividend. It is also my pleasure to welcome Marjorie to our
board. She brings with her strong financial expertise, as well as
strategy, M&A and consumer experience. I know she’ll be an asset to
Logitech’s bright future.”
Logitech expects the payment date for the dividend to be Sept. 21, 2018.
The shares are expected to be traded ex-dividend on the SIX Swiss
Exchange and the Nasdaq Global Select Market starting on Sept. 19, 2018.
Shareholders will find more information about the dividend on the
Logitech corporate website at http://ir.logitech.com.
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 Logitech,
Ultimate
Ears, Jaybird,
Logitech
G and ASTRO
Gaming. 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.
Logitech and other Logitech marks are trademarks or registered
trademarks of Logitech Europe S.A and/or its affiliates in the U.S. and
other countries. 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.
1 Based on the number of shares outstanding, net of treasury
shares, as of March 31, 2018. The actual number may change as of the
record date.
(LOGIIR)
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Logitech International
Ben Lu
Vice President, Investor
Relations - USA
510-713-5568
or
Krista Todd
Vice
President, External Communications - USA
510-713-5834
or
Ben
Starkie
Corporate Communications - Europe
+41 (0) 79-292-3499
Source: Logitech International