Logitech Shareholders Approve Proposals, Including Increased Dividend, At Annual General Meeting
09 September 2021 - 6:30AM
Business Wire
Dividend up 10% year over year
SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR
—
Logitech International (SIX: LOGN) (Nasdaq: LOGI) today
announced that during its annual general meeting (AGM) the
Company’s shareholders approved a dividend of approximately CHF
0.87 per share* — an increase of approximately 10% compared to the
Fiscal Year 2020 dividend. All other proposals were also
approved.
Wendy Becker, Logitech’s chairperson of the board, said: “This
year’s annual general meeting presented an opportunity to reflect
on an unprecedented Fiscal Year 2021 for Logitech. While the impact
of the pandemic on demand for our products and services might seem
remarkable, more impressive was the strength and consistency of our
performance. Our eighth straight year of growth resulted in another
solid year of shareholder returns and demonstrated that our
strategy is working, our capabilities are robust and growing, and
we’re executing against our long-term growth trends. I look forward
to another strong year for Logitech.”
Logitech expects the payment date for the dividend to be
September 22, 2021 and the record date for the dividend to be
September 21, 2021. The shares are expected to be traded
ex-dividend on the SIX Swiss Exchange and the Nasdaq Global Select
Market starting on September 20, 2021. Shareholders will find more
information about the dividend on the Logitech corporate website at
http://ir.logitech.com.
About Logitech
Logitech helps all people pursue their passions by designing
experiences so everyone can create, achieve, and enjoy more.
Logitech designs and creates products that bring people together
through computing, gaming, video, streaming and creating, and
music. Brands of Logitech include Logitech, Logitech G, ASTRO
Gaming, Streamlabs, Blue Microphones, Ultimate Ears and Jaybird.
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.
This press release contains forward-looking statements within
the meaning of the U.S. federal securities laws, including, without
limitation, statements regarding the Company’s strategy,
capabilities, long-term growth trends and fiscal year 2022, and the
timing of dividend payments, record date and ex-dividend trading
date. The forward-looking statements in this release involve risks
and uncertainties that could cause Logitech’s actual results and
events to differ materially from those anticipated in these
forward-looking statements, including, without limitation: if our
product offerings, marketing activities and investment
prioritization decisions do not result in the sales, profitability
or profitability growth we expect, or when we expect it; if we fail
to innovate and develop new products in a timely and cost-effective
manner for our new and existing product categories; if we do not
successfully execute on our growth opportunities or our growth
opportunities are more limited than we expect; the effect of
pricing, product, marketing and other initiatives by our
competitors, and our reaction to them, on our sales, gross margins
and profitability; if we are not able to maintain and enhance our
brands; if our products and marketing strategies fail to separate
our products from competitors’ products; the COVID-19 pandemic and
its potential impact; if we do not fully realize our goals to lower
our costs and improve our operating leverage; if there is a
deterioration of business and economic conditions in one or more of
our sales regions or product categories, or significant
fluctuations in exchange rates; changes in trade policies and
agreements and the imposition of tariffs that affect our products
or operations and our ability to mitigate; risks associated with
acquisitions; the effect of changes to our effective income tax
rates. A detailed discussion of these and other risks and
uncertainties that could cause actual results and events to differ
materially from such forward-looking statements is included 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, 2021 and our Quarterly Report on Form 10-Q for
the fiscal quarter ended June 30, 2021, 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 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.
* Based on the number of shares outstanding as of March 31,
2021. The actual number may change as of the record date.
(LOGIIR)
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version on businesswire.com: https://www.businesswire.com/news/home/20210908006081/en/
Nicole Noutsios Investor Relations lir@logitech.com
Nicole Kenyon Head of Global Corporate & Employee
Communications - USA +1(510) 988-8553
Ben Starkie Corporate Communications - Europe +41 (0)
79-292-3499
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