Logitech Receives Extension from SIX Swiss Exchange for Publishing FY 2014 Annual Report
LAUSANNE, Switzerland, Oct. 29, 2014 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that the SIX Swiss Exchange has granted the Company an extension – until Dec. 3, 2014 – for publishing and submitting its Annual Report for Fiscal Year 2014. Logitech’s Annual Report was originally scheduled to be published by July 31, 2014, and the SIX Swiss Exchange had previously granted an extension until Oct. 31, 2014.
As previously disclosed, Logitech’s Audit Committee, with the assistance of independent advisors, was conducting an independent investigation of certain accounting matters related to the Company’s previously issued financial statements. With the investigation now closed, Logitech is performing the necessary work to complete and file its Annual Report for FY 2014, Annual Report on Form 10-K for FY 2014 and Quarterly Reports on Form 10-Q for Q1 and Q2 FY 2015. The Company intends to file these reports as soon as possible to regain compliance with SIX Swiss Exchange and Nasdaq listing requirements.
The SIX Swiss Exchange has requested that Logitech publish the following information:
I.The application of Logitech International S.A. of 10 October 2014 regarding the grant of an extension of the deadline to publish and file its annual report 2014 until 3 December 2014 is granted (as a final extension) until Wednesday, 3 December 2014, 07.30 am CET, at the latest. In case Logitech International S.A. files the 2014 Form 10-K in the U.S.A. prior to Wednesday, 26 November 2014, Logitech International S.A. is required to publish the annual report 2014 and file it with SIX Exchange Regulation at the latest seven days after the filing of the 2014 Form 10-K.This grant is made under the following reservation (lit. a) and under the following condition (lit. b):
I.a. SIX Exchange Regulation reserves the right to suspend the trading in the shares in (of) Logitech International S.A. (i) in case the annual report 2014 is not published until (by) Wednesday, 3 December 2014, 07.30 am CET, at the latest, or (ii) in cased the annual report 2014 is not published seven days after filing of the 2014 Form 10-K, if it is filed in the U.S.A. prior to Wednesday, 26 November 2014. The publication of the annual report 2014 has to be made in accordance with the provisions regarding ad hoc publicity (art. 53 of the Listing Rules [LR] in connection with the Directive on Ad hoc Publicity [DAH]).
I.b. Logitech International S.A.is required to publish a notice in accordance with the provisions regarding ad hoc publicity until (by) Thursday, 30 October 2014, 07.30 am CET, at the latest (art. 53 LR in connection with the DAH). The ad hoc notice must contain a reproduction of the wording of cif. I of this decision.
Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
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Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. 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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