Logitech 2015 Annual Report Download - page 247
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PROPOSAL OF THE BOARD OF DIRECTORS FOR APPROPRIATION OF RETAINED EARNINGS
Proposal of the Board of Directors for appropriation of retained earnings was as follows for the fiscal
year 2015 (in thousands):
Year ended
March 31, 2015
Retained earnings available at end of fiscal year 2015 . . . . . . . . . . . . . . . . . . . . . . . CHF 449,500
Proposed dividend(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (82,661)
Balance of retained earnings to be carried forward. . . . . . . . . . . . . . . . . . . . . . . . . . CHF 366,839
(1) The Board of Directors proposes distribution of a gross aggregrate dividend of USD 85,000,000
(approximately CHF 82,661,493 based on the exchange rate of USD1=CHF 1.0283 as of
March 31, 2015), or approximately USD 0.5167 per share (approximately CHF 0.5025 per share
based on the exchange rate as of March 31, 2015), subject to a maximum gross aggregate dividend
equal to the retained earnings available at the end of fiscal year 2015. The per share approximations
are based on 164,481,799 shares outstanding, net of treasury shares, as of March 31, 2015. Subject
to the maximum gross aggregate dividend, the proposed dividends in Swiss Francs presented
at Logitech's 2015 Annual General Meeting will be based on USD 85,000,000 and the currency
exchange rate effective on the date of Logitech’s 2015 Annual General Meeting.
131
Annual Report Fiscal Year 2015