Logitech 2010 Annual Report Download - page 166

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For information on Logitech’s shareholders’ equity as of March 31, 2010 and 2009, refer to the Swiss Statutory
Balance Sheets on page 213 of our Annual Report.
During fiscal years 2010, 2009 and 2008, Logitech repurchased shares under the following share buyback
programs (in thousands):
Date of
Announcement
Approved
Buyback
Amount USD Amount Expiration Date Amount Remaining
June 2007 ............................... USD 250,000 $250,000 September 2010 —
May 2006 ............................... USD 250,000 $250,000 September 2009 —
The Company repurchased shares under these buyback programs as follows (in thousands):
Amount Repurchased During Year ended March 31,(1)
Date of
Announcement
Program to date 2010 2009 2008
Shares Amount Shares Amount Shares Amount Shares Amount
June 2007 ................... 11,978 $250,555 7,425 $126,301 2,803 $78,870 1,750 $45,384
May 2006 ................... 8,760 $250,968 — $ — — $ — 6,034 $174,358
20,738 $501,523 7,425 $126,301 2,803 $78,870 7,784 $219,742
(1) Represents the amount in U.S. dollars, calculated based on exchange rates on the repurchase dates.
For further information on Logitech’s share repurchases please refer to “Additional Financial Disclosures –
Market for Logitech’s Shares, Related Shareholder Matters, and Share Repurchases” in our Annual Report.
2.4 Share Categories
Registered Shares. Logitech International S.A. has only one category of shares – registered shares with a par
value of CHF 0.25 per share. Each of the 191,606,620 issued shares carries the same rights. There are no preferential
rights. However, a shareholder must be entered in the share register of the Company to exercise voting rights and the
rights deriving therefrom (such as the right to convene a general meeting of shareholders or the right to put an item
on the meeting’s agenda). Refer to section 6 for an outline of participation rights of the Company’s shareholders.
Each share entitles its owner to dividends declared, even if the owner is not registered in the share register
of the Company. Under Swiss law, a company pays dividends upon approval by its shareholders. This request for
shareholder approval typically follows the recommendation of the Board. Logitech has not paid dividends since
1996, using retained earnings to invest in the growth of the Company and, in more recent years, to repurchase the
Company’s shares.
Unless this right is restricted in compliance with Swiss law and the Company’s Articles of Incorporation,
shareholders have the pre-emptive right to subscribe for newly issued shares. Refer to section 2.2 for a description
of the provisions of the Company’s Articles of Incorporation relating to the restriction of the shareholders’ pre-
emptive subscription rights.
2.5 Non-Voting Shares and Bonus Certificates
The Company has not issued non-voting shares (“bons de participation,” “Partizipationsscheine”). The
Company has not issued certificates or equity securities that provide financial rights in consideration for services
rendered or claims waived (referred to as “bonus certificates,” “bons de jouissance,” or “Genussscheine”).