Logitech 2015 Annual Report Download - page 28

Agenda Proposals and Explanations
– Proxy Statement | 18
2015 Annual General Meeting Invitation, Proxy Statement
Voting Requirement to Approve Proposal
The affirmative “FOR” vote of a majority of the votes cast
in person or by proxy at the Annual General Meeting, not
counting abstentions.
Recommendation
The Board of Directors recommends a vote “FOR”
approval of the proposed appropriation of retained
earnings with respect to fiscal year 2015, including the
payment of a dividend to shareholders in an amount of
approximately CHF 0.5025 per share.*
* Calculated based on a gross aggregate dividend of USD 85,000,000 (approximately CHF 82,661,493 based on the
exchange rate of CHF 1 = USD 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 dividend 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. Distribution-bearing shares are all shares issued except for treasury shares held by
Logitech International S.A. on the day preceding the payment of the distribution.