Logitech​ ​Shareholders​ ​Approve​ ​All Proposals,​ ​Including​ ​Increased Dividend,​ At ​Annual​ ​General​ ​Meeting

Rhea-AI Summary

Logitech shareholders approve increased dividend of CHF 1.06 per share, up CHF 0.10 from FY2022. CEO search progressing well. Payment date set for September 27, 2023.

Positive

• Shareholders approve increased dividend
• CEO search progressing well

Negative

• None.

LAUSANNE, Switzerland & SAN JOSE, Calif.--(BUSINESS WIRE)-- 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 1.06 per share — an increase of approximately CHF 0.10 compared to the Fiscal Year 2022 dividend.

Additionally, at the meeting, Logitech’s shareholders re-elected Logitech’s Chairperson, Wendy Becker, with more than 96 percent approval and all incumbent nominees standing for re-election each also received more than 96 percent approval. All other proposals at the AGM were also approved.

“Today, we were pleased to gather once again with our shareholders,” said Wendy Becker, Logitech’s chairperson of the board. “I’m delighted to announce an increased annual dividend for Logitech shareholders, part of our strategy to return capital to shareholders via dividends and share repurchases. Our CEO search is progressing well and we’re excited for what’s to come.”

Logitech expects the payment date for the dividend to be September 27, 2023 and the record date for the dividend to be September 26, 2023. The shares are expected to be traded ex-dividend on the SIX Swiss Exchange and the Nasdaq Global Select Market starting on September 25, 2023. 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 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.

(LOGIIR)

View source version on businesswire.com: https://www.businesswire.com/news/home/20230913833451/en/

Nate Melihercik, Head of Global Investor Relations - ir@logitech.com

Nicole Kenyon, Head of Global Corporate and Internal Communications - nkenyon@logitech.com (USA)

Ben Starkie, Corporate Communications - +41 (0) 79-292-3499, bstarkie1@logitech.com (Europe)

Source: Logitech International