LOGITECH INTERNATIONAL SA - Shareholder.com

During the same periods, there were no changes made to the Company’s authorized and conditional share capital. The following table
shows authorized and conditional share capital as of the last four fiscal year ends:
As of March 31,
2007 2006 2005 2004
Authorized share capital CHF 10,000 CHF 10,000 CHF 10,000 CHF 10,000
First conditional share capital CHF 15,165 CHF 15,165 CHF 15,165 CHF 15,165
Second conditional share capital CHF 2,725 CHF 2,725 CHF 2,725 CHF 2,725
For information on Logitech’s shareholders’ equity as of March 31, 2007 and 2006, refer to the Swiss Statutory Balance Sheets on
page LISA-3.
During fiscal years 2007, 2006 and 2005, the Board of Directors authorized the following share buyback programs (in thousands):
The Company repurchased shares under these buyback programs as follows (in thousands):
2.4 Share Categories
Date of
Announcement
Approved
Buyback
Amount
Equivalent
USD
Amount (1)
Expiration
Date
May 2006 USD 250,000 $ 250,000 June 2009
June 2005 CHF 300,000 $ 235,000 June 2008
April 2004 CHF 250,000 $ 200,000 June 2006
(1) Represents the approved buyback amount in U.S. dollars, calculated based on exchange rates on the announcement dates.
Date of
Announcement
Amount Repurchased During Year Ended March 31, (1)
Program to date 2007 2006 2005
Shares Amount Shares Amount Shares Amount Shares Amount
May 2006 2,726 $ 76,610 2,726 $ 76,610 — $ — — $ —
June 2005 11,286 $ 236,098 2,884 $ 61,485 8,402 $ 174,613 — $ —
April 2004 14,974 $ 201,264 — $ — 3,874 $ 66,739 11,100 $ 134,525
(1) Represents the amount in U.S. dollars, calculated based on exchange rates on the repurchase dates.
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 right to
subscribe by preference 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’ preferential subscription rights.
CG-5