Logitech 2010 Annual Report Download - page 229

ANNUAl REPORT
217
LOGITECH INTERNATIONAL S.A., APPLES
NOTES TO SWISS STATUTORY FINANCIAL STATEMENTS (continued)
In September 2008, the shareholders also approved the creation of conditional capital representing the issuance
of up to 25,000,000 shares to cover any conversion rights under a future convertible bond issuance. This conditional
capital was created in order to provide financing flexibility for future expansion, investments or acquisitions.
The remaining number of conditional registered shares at March 31, 2010 was 50,000,000, which are available
for issuance upon the exercise of employee stock options and the issuance of shares under the Company’s employee
share purchase plans. During fiscal years 2010 and 2009, no shares were issued from the aforementioned amounts
of conditional shares available. In fiscal years 2010 and 2009, all stock options and purchase plan commitments
were satisfied from treasury shares held by the Holding Company.
As at March 31, 2010, none of the aforementioned conditional registered shares had been issued.
Note 6 — Significant Shareholders:
The Holding Company’s share capital consists of registered shares. To the knowledge of the Company,
the beneficial owners holding more than 3% of the voting rights of the Company as of March 31, 2010 were as
follows:
Name
Number of
Shares(2) % of Voting
Rights(3) Relevant Date
Daniel Borel(1) ..................................... 11,203,158 5.8% March 31, 2010
FMR LLC(4) ....................................... 10,568,978 5.5% December 31, 2009
Thornburg Investment Management(5) .................. 11,922,284 6.2% April 25, 2008
(1) Mr. Borel has not entered into any written shareholders’ agreements.
(2) Financial instruments other than shares are not taken into consideration for the calculation of the relevant
shareholdings.
(3) Shareholdings are calculated based on the aggregate number of voting rights entered into the Swiss commercial
register. This aggregate number was 191,606,620 voting rights as of March 31, 2010.
(4) Number of shares held by FMR LLC is based on a notification filed with the U.S. Securities and Exchange
Commission on February 16, 2010 indicating the ownership of FMR LLC, on behalf of funds managed by and
clients of FMR LLC and its direct and indirect subsidiaries.
(5) On May 22, 2008, Thornburg Investment Management notified us that as of April 24, 2008 they held
11,922,284 shares constituting approximately 6.2% of the Company’s voting rights.
The Swiss Federal Act on Stock Exchanges and Securities Trading of March 24, 1995 (“SESTA”) requires
shareholders who own voting rights exceeding certain percentage thresholds of a company incorporated in
Switzerland whose shares are listed on a stock exchange in Switzerland to notify the company and the relevant
Swiss exchange of such holdings. Following receipt of this notification, the company is required to inform the
public in Switzerland.
Logitech has not been notified of any ownership of options or other derivative securities of the Company,
whether privately or publicly traded, by any significant shareholder of the Company that is not a member of the
Board of Directors or an executive officer.