Logitech International (SIX:LOGN) (Nasdaq:LOGI) today announced that its
Board of Directors has approved an annual dividend for FY 2014 of CHF
0.26 per share, an increase of 25 percent over the prior year, following
a year of strong cash flow from operations. The annual dividend is
subject to shareholder approval and is expected to be confirmed at
Logitech’s upcoming Annual General Meeting (AGM), which is scheduled for
Dec. 18, 2014 in Lausanne, Switzerland.
The ex-dividend date is expected to be Dec. 24, 2014. If approved by
shareholders at the Company’s AGM, the approximate payment date for the
dividend is expected to be Dec. 30, 2014. Informational materials about
the AGM will be mailed to Logitech registered shareholders during the
week of Nov. 24, 2014.
About Logitech
Logitech is a world leader in products that connect people to the
digital experiences they care about. Spanning multiple computing,
communication and entertainment platforms, Logitech’s combined hardware
and software enable or enhance digital navigation, music and video
entertainment, gaming, social networking, audio and video communication
over the Internet, video security and home-entertainment control.
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).
This press release contains forward-looking statements within the
meaning of the U.S. federal securities laws, including, without
limitation: payment of a recurring annual dividend; the amount and
timing of the payment and ex-dividend dates for the dividend for fiscal
year 2014; the timing of the Company’s 2014 Annual General Meeting; and
the timing of mailing materials for the Annual General Meeting. These
statements are subject to risks and uncertainties that may cause actual
results and events to differ materially, including without limitation:
the timing and final resolution of the issue regarding the independence
of the Company’s current auditors, any delay it may cause in the filing
and publication of the Annual Report with the SIX Swiss Exchange and the
Company’s final proxy statement with the Securities and Exchange
Commission, and the effect on the timing of the 2014 Annual General
Meeting and the dividend of a delay in filing or mailing the Annual
Report or final proxy statement. In addition, please refer to the risk
factors contained in Logitech’s periodic filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-K for the
fiscal year ended March 31, 2014, available at www.sec.gov,
under the caption Risk Factors and elsewhere. Logitech does not
undertake any obligation to update any forward-looking statements to
reflect new information or events or circumstances occurring after the
date of this press release
Logitech, the Logitech logo, and other Logitech marks are registered in
Switzerland 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 Web site at www.logitech.com.
(LOGIIR)
Copyright Business Wire 2014