Logitech to Begin New Share Buyback Program
Company announces completion of CHF 300 million buyback, beginning of USD 250 million buyback
FREMONT, Calif., Nov. 7, 2006 and ROMANEL-SUR-MORGES, Switzerland, Nov. 8, 2006 — Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced that it plans to soon begin its new $250 million buyback program. The company also announced that it has completed its earlier share buyback program of 300 million Swiss francs.
On May 10, 2006 Logitech announced that its board of directors had approved the new buyback program and that repurchases under it would start upon completion of the 300 million Swiss franc program initiated in November 2005, and approval of Swiss regulatory authorities. Under the earlier program, completed on Nov. 7, 2006, Logitech repurchased a total of 11,284,900 shares at an average per-share price of $20.89 (CHF 26.58).
Founded in 1981, Logitech designs, manufactures and markets personal peripherals that enable people to effectively work, play, and communicate in the digital world. Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and in the U.S. on the Nasdaq Global Select Market (LOGI).
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Logitech, the Logitech logo, 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 Web site at www.logitech.com.
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