LAUSANNE, Switzerland & NEWARK, Calif.–(BUSINESS WIRE)–— SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that the Company’s board of directors has approved a new, three-year share buyback program which will allow the Company to use up to $1 billion to repurchase its shares.
The 2023 share buyback program is expected to begin in July 2023, following approval from the Swiss Takeover Board and upon the expiry of the Company’s 2020 share buyback program. Details of Logitech’s share repurchase history can be found on the Company’s website at http://ir.logitech.com.
Last month, Logitech’s board of directors also approved a proposal for a Fiscal Year 2023 cash dividend, which, if approved by shareholders at the Company’s upcoming 2023 Annual General Meeting, would be an increase of approximately CHF 0.10 to CHF 1.06 per share. Together with the new 2023 share buyback program, this demonstrates the Company’s continued commitment to consistently return cash to shareholders.
Logitech helps all people pursue their passions and is committed to doing so in a way that is good for people and the planet. We design hardware and software solutions that help businesses thrive and bring people together when working, creating, gaming and streaming. Brands of Logitech include Logitech, Logitech G, ASTRO Gaming, Streamlabs, Blue Microphones 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.
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.
Nate Melihercik, Head of Global Investor Relations – email@example.com
Nicole Kenyon, Head of Global Corporate and Internal Communications – firstname.lastname@example.org (USA)
Ben Starkie, Corporate Communications – +41 (0) 79-292-3499, email@example.com (Europe)