Logitech Shareholders Approve Proposals, Incl. Increased Dividend

(RTTNews) - Logitech International (LOGI) announced that its shareholders approved a dividend of approximately CHF 0.56 per share, about a 10 percent increase compared to last year. This follows a year of strong performance and cash generation.

Additionally, Logitech's shareholders elected to the board of directors Patrick Aebischer, president of the École polytechnique fédérale de Lausanne (EPFL). As expected, long-standing director, Kee Lock Chua, retired from the board, having decided not to stand for re-election.

All other incumbent members of the board who stood for re-election were re-elected, and all other proposals at the AGM were approved.

Logitech expects the payment date for the dividend to be September 27, 2016. The shares are expected to be traded ex-dividend on the Nasdaq Global Select Market starting on September 22 and on the SIX Swiss Exchange on Sept. 23. Given the unaligned ex-dividend dates resulting from Logitech's dual listing, Nasdaq has informed the Company that it will temporarily halt trading in Logitech shares on its platform on September 22, 2016, from the start of the trading session on the Nasdaq market until approximately the close of the trading session on the SIX Swiss Exchange at 11:30 a.m. Eastern Daylight Time.