Logitech’s 2014 Share Buyback Program Expires; Company to Enter New Program
April 24 2017 - 09:00PM
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)
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version on businesswire.com: http://www.businesswire.com/news/home/20170424006716/en/
Logitech InternationalBen LuVice President, Investor Relations -
USA510-713-5568orKrista ToddVice President, External Communications
- USA510-713-5834orBen StarkieCorporate Communications - Europe+41
(0) 79-292-3499
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