|[August 27, 2014]
Logitech Receives Additional Extension from SIX Swiss Exchange for Publishing FY 2014 Annual Report
LAUSANNE, Switzerland --(Business Wire)--
Logitech (News - Alert) International (SIX:LOGN) (Nasdaq:LOGI) today announced that the
SIX Swiss Exchange has granted the Company an additional extension -
until Oct. 31, 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 interim extension until Aug. 29, 2014.
As previously disclosed, Logitech's Audit Committee, with the assistance
of independent advisors, is conducting an independent investigation of
certain accounting matters related to the Company's previously issued
financial statements. Related to the Audit Committee's investigation,
the Company is performing additional work associated with its Fiscal
Year 2014 Annual Report on Form 10-K, which might result in adjustments
to the previously issued financial statements. Due to the investigation
and the additional work being performed, Logitech has not yet filed its
Fiscal Year 2014 Annual Report on Form 10-K with the U.S. Securities and
Exchange Commission (SEC (News - Alert)), and this delay also impacts the Annual Report
for Fiscal Year 2014 that is published and submitted to the SIX Swiss
The SIX Swiss Exchange reserves the right t suspend trading of Logitech
shares if Logitech does not publish its Annual Report by Nov. 3, 2014 at
7:30 a.m. Central European Time.
Logitech continues to devote significant resources to complete and file
all required periodic reports with the SEC and SIX Swiss Exchange as
soon as possible following the completion of the investigation.
The SIX Swiss Exchange has requested that Logitech publish the following
IIa. SIX Exchange Regulation reserves the right to suspend the trading
in the shares in (of) Logitech International S.A. in case the 2014
annual report is not published until (by) Monday, 3 November 2014, 07.30
am CET, at the latest, 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]).
IIb. Logitech International S.A. is required to publish a notice in
accordance with the provisions regarding ad hoc publicity until (by)
Thursday, 28 August 2014, 07.30 am CET, at the latest. The ad hoc notice
must contain a reproduction of the wording of cif. II lit. a and b of
this decision and the reasons for which Logitech International S.A. will
not be able to publish its 2014 annual report until (by) 29 August 2014.
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
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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