Logitech announces stock split of registered shares
Romanel-sur-Morges, Switzerland/Fremont, Calif. May 21, 2001 -- Logitech International (NASDAQ:LOGIY; Switzerland:LOGN, LOGZ) today announced that at the General Meeting of shareholders to be held on June 28, 2001, the company will propose a resolution authorizing a 10 for 1 stock split of its registered shares. If the resolution is adopted, the stock split will be effected shortly thereafter. Each American Depositary Share will remain unchanged. The current ratio of ten American Depositary Shares to one registered share will change to a new ratio of one American Depositary Share to one registered share. The price of the company´s registered shares traded on the SWX Swiss Exchange will adjust on the effective date of the split.
About Logitech
Founded in 1981, Logitech designs, manufactures and markets human interface devices and software that link people to digital information and the Internet and enable them to work, play, learn and communicate more effectively in the digital world. The Company´s product family includes Internet video cameras; mice, trackballs and keyboards; audio and telephony products; and interactive gaming controllers.
With operational headquarters through its U.S. subsidiary in Fremont, California, and regional headquarters through local subsidiaries in Romanel, Switzerland, and Hsinchu, Taiwan, R.O.C., Logitech International is a Swiss public company traded in Switzerland under the symbols LOGN and LOGZ, and in the U.S. on the Nasdaq National Market System (LOGIY). The company has manufacturing facilities in Asia and offices in major cities in North America, Europe and Asia Pacific.
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