5 unchanged sentences
This vote typically follows the recommendation of the corporation's Board of Directors.
−Removed: In May 2022, the Board of Directors recommended that the Company increase the cash dividend per share for fiscal year 2022 by 10% to approximately CHF 0.96 per share (approximately $1.04 per share based on the exchange rate on March 31, 2022).
+Added: In May 2023, the Board of Directors recommended that the Company increase the cash dividend per share for fiscal year 2023 by approximately CHF 0.10 per share to CHF 1.06 per share (approximately $1.16 per share based on the exchange rate on March 31, 2023).
Based on our shares outstanding, net of treasury shares, as of March 31, 2023 (159,343,273 shares), this would result in an aggregate gross dividend of approximately CHF 168.9 million (approximately $184.2 million based on the exchange rate on March 31, 2023).
This amount may vary based on the number of shares outstanding, net of treasury shares, as of the record date for the dividend, but will not exceed approximately CHF 183.5 million (based on our shares currently issued or 173,106,620 shares).
−Removed: This recommendation will be voted on by our shareholders at the Company’s Annual General Meeting in September 2022.
−Removed: On September 8, 2021, Logitech's shareholders approved a cash dividend payment of CHF 147.0 million out of retained earnings to Logitech's shareholders who owned shares on September 21, 2021.
+Added: This recommendation will be voted on by our shareholders at the Company’s 2023 Annual General Meeting.
+Added: On September 14, 2022, Logitech's shareholders approved a cash dividend payment of CHF 0.96 per share out of retained earnings to Logitech's shareholders who owned shares on September 27, 2022.
Eligible shareholders were paid CHF 0.96 per share ($0.98 per share in U.S.
−Removed: Dollars), totaling $159.4 million in U.S.
+Added: Dollars based on the exchange rate on the date of payment), totaling $158.7 million in U.S.
Dollars on September 28, 2022.
23 unchanged sentences
The Swiss Takeover Board approved this increase and it became effective on May 21, 2021.
+Added: In July 2022, our Board of Directors approved an increase of $500 million to the 2020 share repurchase program, to an aggregate amount of up to $1.5 billion.
+Added: The Swiss Takeover Board approved this increase and it became effective on August 19, 2022.
The following tables present certain information related to purchases made by Logitech of its equity securities under its publicly announced share repurchase programs (in thousands, except per share amounts):
2 unchanged sentences
During Fiscal Year Ended Shares
−Removed: Repurchased** CHF (LOGN) USD (LOGI)
+Added: Repurchased (1)
+Added: CHF (LOGN) USD (LOGI)
March 31, 2021 1,845 81.35 89.20 $ 85,382
1 unchanged sentence
March 31, 2023 7,562 52.94 55.25 $ 505,844
−Removed: * The 2017 share repurchase program expired in April 2020 and the unused amount was forfeited.
−Removed: ** All shares were repurchased on the SIX in fiscal year 2020.
−Removed: In fiscal year 2021, 969 thousand shares were repurchased on the SIX and 876 thousand shares on NASDAQ.
−Removed: In fiscal year 2022, 3,921 thousand shares were repurchased on the SIX and 686 thousand shares on NASDAQ.
+Added: (1) In fiscal year 2021, 2022 and 2023, the number of shares repurchased on the SIX was 1.0 million, 3.9 million, and 7.4 million , respectively, and the number of shares repurchased on NASDAQ was 0.9 million, 0.7 million, and 0.2 million, respectively.
Total Number of Shares
4 unchanged sentences
SIX 644 55.24 — $ 557,808
−Removed: Nasdaq 63 — 82.15 503,093
January 28, 2023 to February 24, 2023
SIX 202 53.61 — 546,102
+Added: Nasdaq 54 59.00 542,904
February 24, 2023 to March 31, 2023
SIX 695 49.11 — 505,844
−Removed: Nasdaq 29 — 69.55 423,696
1,595 52.33 56.68 $ 505,844
9 unchanged sentences
Fiscal year ending March 31.
−Removed: Copyright© 2022 Standard & Poor's, a division of S&P Global.
+Added: Copyright© 2023 Standard & Poor's, Inc.
+Added: Used with permission.
All rights reserved.
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.