Logitech to Exchange Nasdaq-Listed ADRs for Shares
FREMONT, Calif. Sept. 13, 2006 and ROMANEL-SUR-MORGES, Switzerland, Sept. 14, 2006 — Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced that it intends to exchange its Nasdaq-listed American Depositary Receipts (ADRs) for Logitech shares, providing investors with the ability to trade the same Logitech securities on the Nasdaq Global Select Market as well as on the SWX Swiss Exchange.
“We´re pleased that we can soon offer investors the convenience of trading all Logitech shares on Nasdaq,” said Mark Hawkins, Logitech senior vice president of finance and information systems, and chief financial officer. “We expect this to lead to enhanced liquidity for investors trading on Nasdaq.”
The exchange is expected to become effective in the second half of October 2006. The trading symbol for Logitech shares will remain LOGI on Nasdaq and LOGN on the SWX. On the effective date, the Logitech ADR program will be terminated and one ADR will be exchanged on a mandatory basis for one share. Investors holding Logitech ADRs through their bank or brokerage will have their account automatically credited with Logitech shares on or soon after the effective exchange date. Investors holding ADR certificates will receive information from The Bank of New York, the depositary for Logitech ADRs, regarding how they can receive their Logitech shares. Additional information about the share exchange is available on Logitech´s Web site.
About Logitech
Founded in 1981, Logitech designs, manufactures and markets personal peripherals that enable people to effectively work, play, and communicate in the digital world. Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and in the U.S. on the Nasdaq Global Select Market (LOGI).
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This press release contains forward-looking statements regarding Logitech´s plans to exchange its Nasdaq-listed ADRs for Logitech registered shares and expected benefits arising from the exchange, and the related termination of Logitech´s ADR facility. These statements are made on the basis of the views and assumptions of the management of Logitech regarding future events and business performance as of the time the statements are made and they do not undertake any obligation to update these statements. Actual results may differ materially from those expressed or implied. Factors that could cause actual results to differ materially include Logitech´s ability to successfully implement the global share exchange, as well as those additional factors set forth in Logitech´s periodic filings with the Securities and Exchange Commission, including Logitech´s annual report on Form 20-F for the fiscal year ended March 31, 2006, and Logitech´s quarterly reports on Form 6-K, available at
www.sec.gov.
Logitech, the Logitech logo and other Logitech marks are owned by Logitech and may be registered. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the Company´s Web site at www.logitech.com.
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