Logitech’s 2014 Share Buyback Program Expires; Company To Enter New Program
NEWARK, Calif. — Apr. 24, 2017 and LAUSANNE, Switzerland, Apr. 25, 2017 — 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 athttp://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.
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.
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