Logitech 2004 Annual Report Download - page 17

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Logitech (Jersey) Ltd., a wholly owned subsidiary of Logitech International S.A., with its registered office
in St. Helier, Jersey, Channel Islands, is the issuer of 1% convertible bonds of CHF 170 million, convertible into
registered shares of Logitech International S.A. (refer to section 2.7 below for more information on Logitech’s
outstanding convertible bonds), which mature in 2006. The convertible bonds are listed on the SWX Swiss
Exchange (Ticker: LOG01; security number: 1236784; ISIN: CH0012367840). As of March 31, 2004, the
carrying amount of the convertible bonds was CHF 174.8 million ($137.0 million) and the fair value based on
quoted market value was CHF 198.9 million ($155.9 million).
Logitech International S.A. directly or indirectly owns 100% of all the companies in the Logitech Group,
through which it carries on its business and operations. Principal operating subsidiaries include: Logitech Europe
S.A., Logitech Far East, Ltd., Logitech, Inc., Suzhou Logitech Electronic Co. Ltd. and 3Dconnexion, Inc. and
GmbH. For a list of Logitech subsidiaries, refer to the table on page CG-24. Except for Logitech (Jersey) Ltd.,
none of Logitech International S.A.’s subsidiaries has securities listed on a stock exchange.
1.2 Significant Shareholders
To the knowledge of the Company, the beneficial owners holding more than 5% of the voting rights of the
Company as of March 31, 2004 were as follows:
Name
Number of
Shares(2)
% of Voting
Rights(3) Relevant Date(4)
DanielandSylvianeBorel(1)........................ 3,067,000 6.4% March 31, 2004
Logitech International S.A. .......................... 2,902,128 6.1% March 31, 2004
The Swiss Federal Act on Stock Exchanges and Securities Trading of March 24, 1995, or SESTA, requires
shareholders who own voting rights exceeding certain percentage thresholds of a company incorporated in
Switzerland to notify the company and the Swiss Exchange of such holdings. Following receipt of this
notification, the company is required to inform the public. From April 1, 2003 to March 31, 2004, the Company
made the following announcements in compliance with these provisions:
Name
Registered Office /
Address
Number of
Shares(2)
% of Voting
Rights(3)
Date of Publication
in the Swiss
Official Gazette of
Commerce
Logitech International S.A. ....... Apples, Switzerland 2,399,730 5.01% August 26, 2003
Logitech International S.A. ....... Apples, Switzerland 2,379,306 4.69% May 6, 2003
(1) Daniel and Sylviane Borel have not entered into any shareholders’ agreement.
(2) Includes shares represented by ADRs. In compliance with Article 20 of SESTA and Article 13 of the
Ordinance of the Swiss Federal Banking Commission on Stock Exchanges and Securities Trading of
June 25, 1997, or SESTO-FBC, conversion and acquisition rights are not taken into consideration for the
calculation of the relevant shareholdings, unless such rights entitle their holders to acquire, upon exercise, at
least 5% of the Company’s voting rights.
(3) In compliance with Article 19 paragraph 2 of SESTO-FBC, shareholdings are calculated based on the
aggregate number of voting rights entered into the Swiss commercial register. This aggregate number was
47,901,655 voting rights as of March 31, 2004.
(4) For the Company, Directors and Executive Officers, the relevant date is the last day of the fiscal year.
1.3 Cross-shareholdings
Logitech has no shareholdings in companies that to its knowledge have shareholdings in the Company.
CG-3