LAUSANNE, Switzerland & NEWARK, Calif., May 16, 2022–(BUSINESS WIRE)–SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (Nasdaq: LOGI) immediately introduced that the Company’s board of administrators has authorized a proposal for a Fiscal Year 2022 money dividend, which, if authorized by shareholders, could be a ten % annual improve per share versus final 12 months’s dividend, or roughly CHF 0.96 per share. This proposal shall be voted on by Logitech’s shareholders on the Company’s Annual General Meeting in September 2022.Logitech returned greater than $0.5 billion to shareholders in FY 2022 by dividends and share repurchases. That document quantity and the elevated FY 2022 money dividend proposal exhibit the Company’s continued dedication to persistently return money to shareholders.About LogitechLogitech helps all individuals pursue their passions by designing experiences so everybody can create, obtain, and revel in extra. Logitech designs and creates merchandise that carry individuals collectively by computing, gaming, video, streaming and creating, and music. Brands of Logitech embody 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 firm listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find Logitech at www.logitech.com, the corporate weblog or @Logitech.This press launch comprises forward-looking statements inside the that means of the U.S. federal securities legal guidelines, together with, with out limitation, statements concerning: our proposed dividend for fiscal 12 months 2022, which is topic to shareholder approval at our 2022 annual common assembly. The forward-looking statements on this press launch contain dangers and uncertainties that would trigger Logitech’s precise outcomes and occasions to vary materially from these anticipated in these forward-looking statements, together with, with out limitation: if our product choices, advertising and marketing actions and funding prioritization selections don’t end result within the gross sales, profitability or profitability development we anticipate, or once we anticipate it; if we fail to innovate and develop new merchandise in a well timed and cost-effective method for our new and current product classes; if we don’t efficiently execute on our development alternatives or our development alternatives are extra restricted than we anticipate; the impact of demand variability, provide shortages and different provide chain challenges; the impact of pricing, product, advertising and marketing and different initiatives by our rivals, and our response to them, on our gross sales, gross margins and profitability; if we’re not in a position to preserve and improve our manufacturers; if our merchandise and advertising and marketing methods fail to separate our merchandise from rivals’ merchandise; the affect of world occasions, similar to COVID-19 pandemic and Russia’s navy operations in Ukraine, and any related financial downturn and political instability; modifications in inflation ranges and within the Federal Reserve’s financial coverage; if we don’t efficiently execute on strategic acquisitions and investments; if we don’t effectively handle our spending; if there’s a deterioration of enterprise and financial circumstances in a number of of our gross sales areas or product classes, or vital fluctuations in change charges; modifications in commerce rules, insurance policies and agreements and the imposition of tariffs that have an effect on our merchandise or operations and our skill to mitigate; dangers related to acquisitions; and dangers related to the fee of dividends and the rise our dividend funds. An in depth dialogue of those and different dangers and uncertainties that would trigger precise outcomes and occasions to vary materially from such forward-looking statements is included in Logitech’s periodic filings with the SEC, together with our Annual Report on Form 10-Ok for the fiscal 12 months ended March 31, 2021, our Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2021, and our subsequent reviews filed with the SEC, out there at www.sec.gov, below the caption Risk Factors and elsewhere. Logitech doesn’t undertake any obligation to replace any forward-looking statements to replicate new data or occasions or circumstances occurring after the date of this press launch.Story continuesNote that except famous in any other case, comparisons are 12 months over 12 months.Logitech and different Logitech marks are emblems or registered emblems of Logitech Europe S.A. and/or its associates within the U.S. and different nations. All different emblems are the property of their respective house owners. For extra details about Logitech and its merchandise, go to the corporate’s web site at www.logitech.com.(LOGIIR)View supply model on businesswire.com: https://www.businesswire.com/news/home/20220516006055/en/ContactsEditorial Contacts: Nate Melihercik, Head of Global Investor Relations – [email protected] Nicole Kenyon, Head of Global Corporate & Employee Communications – USA +1 (510) 988-8553Ben Starkie, Corporate Communications – Europe +41 (0) 79-292-3499
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Logitech Announces Proposed Fiscal Year 2022 Dividend
