Logitech 2012 Annual Report Download - page 213

In November 2011, the Company received approval from the Swiss regulatory authorities for an amendment to
the September 2008 share buyback program to enable future repurchases of shares for cancellation, up to a total of
28.5 million shares. The Company repurchased shares under these buyback programs as follows (in thousands):
Amounts Repurchased During Year ended March 31,(1)
Date of
Announcement
Program to date 2012 2011 2010
Shares Amount Shares Amount Shares Amount Shares Amount
September 2008 - amended . . . . 9,900 82,902 9,900 82,902 — — — —
September 2008 . . . . . . . . . . . . . 7,609 73,134 7,609 73,134 — — — —
June 2007 . . . . . . . . . . . . . . . . . . 11,978 250,555 — — — — 7,425 126,301
29,487 $406,591 17,509 $156,036 — $ — 7,425 $126,301
(1) Represents the amount in U.S. dollars, including transaction costs, 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 Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities”
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. The Board is proposing that, for fiscal year 2012, Logitech make a one-time distribution to
shareholders of additional paid-in capital out of its capital contribution reserves.
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”).
2.6 Limitations on Transferability and Nominee Registration
The Company and its agent, The Bank of New York Mellon, as U.S. transfer agent, maintain a share register
that lists the names of the registered owners of the Company’s shares. Registration in the share register occurs upon
request and is not subject to any conditions. Nominee companies and trustees can be entered into the share register
with voting rights. There are no restrictions on transfers of shares under the Company’s Articles of Incorporation
ANNUAL REPORT
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