Himax Technologies Announces Filing of Shelf Registration Statement
30 April 2013 - 11:03PM
Himax Technologies, Inc. (Nasdaq:HIMX) ("Himax" or "Company") today
announced the filing of a shelf registration statement on Form F-3
with the Securities and Exchange Commission ("SEC").
The shelf registration statement, when declared effective by the
SEC, will allow Himax and Innolux Corporation, one of the Company's
major shareholders and largest customer, the flexibility to
potentially offer and sell from time to time in the future, in one
or more public offerings, up to 25,472,673 and 25,399,753 of the
Company's American Depositary Shares, respectively. The specifics
of any future offering, including the price and use of proceeds of
any such securities offered by Himax or Innolux Corporation, as
applicable, will be established at the time of the offering and
will be described in a prospectus supplement filed with the SEC at
the time of the offering.
While Himax does not have any commitments or current intention
to sell securities under the shelf registration statement at this
time, filing the shelf registration statement is intended to give
Himax greater flexibility to capitalize on favorable market
conditions and to respond to strategic opportunities as they may
arise. Himax is not required to offer or sell any securities under
the shelf registration statement.
The Company has been advised that Innolux Corporation intends to
dispose of its entire holding of Himax's shares in one or more
offerings, subject to market conditions, as part of its divestment
strategy and to focus on its core business of TFT-LCD
manufacturing.
The shelf registration statement has been filed with the SEC,
but has not yet been declared effective. These securities may not
be sold, nor may offers to buy these securities be accepted prior
to the time the shelf registration statement becomes effective.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
Any offering of these securities will be made solely by means of a
prospectus and an accompanying prospectus supplement relating to
that offering. This press release is being issued pursuant to and
in accordance with Rule 135 under the Securities Act of 1933.
About Himax Technologies, Inc.
Himax Technologies, Inc. (HIMX) is a fabless semiconductor
solution provider dedicated to display imaging processing
technologies. Himax's main products include display driver ICs and
timing controllers used in TVs, laptops, monitors, mobile phones,
tablets, digital cameras, car navigation, and many other consumer
electronics devices. Additionally, Himax designs and provides
controllers for touch sensor displays, LCOS micro-displays used in
palm-size projectors and head-mounted displays, LED driver ICs,
power management ICs, scaler products for monitors and projectors,
tailor-made video processing IC solutions and silicon IPs. The
Company also offers digital camera solutions, including CMOS image
sensors and wafer level optics, which are used in a wide variety of
applications such as mobile phone, tablet, laptop, TV, PC camera,
automobile, security and medical devices. The Headquartered in
Tainan, Taiwan, the Company has offices in Hsinchu and Taipei,
Taiwan and in China, Korea, Japan and the US.
http://www.himax.com.tw
Forward Looking Statements
Factors that could cause actual events or results to differ
materially include, but not limited to, general business and
economic conditions and the state of the semiconductor industry;
market acceptance and competitiveness of the driver and non-driver
products developed by the Company; demand for end-use applications
products; reliance on a small group of principal customers; the
uncertainty of continued success in technological innovations; our
ability to develop and protect our intellectual property; pricing
pressures including declines in average selling prices; changes in
customer order patterns; changes in estimated full-year effective
tax rate; shortages in supply of key components; changes in
environmental laws and regulations; exchange rate fluctuations;
regulatory approvals for further investments in our subsidiaries;
our ability to collect accounts receivable and manage inventory and
other risks described from time to time in the Company's SEC
filings, including those risks identified in the section entitled
"Risk Factors" in its Form 20-F for the year ended December 31,
2012 filed with the SEC, as may be amended.
CONTACT: Company Contacts
Jackie Chang, CFO
Himax Technologies, Inc.
Tel: 886-2-2370-3999 Ext.22300 or
US Tel: +1-949-585-9838 Ext.252
Fax: 886-2-2314-0877
Email: jackie_chang@himax.com.tw
www.himax.com.tw
Penny Lin, Investor Relations
Himax Technologies, Inc.
Tel: 886-2-2370-3999 Ext.22320
Fax: 886-2-2314-0877
Email: penny_lin@himax.com.tw
www.himax.com.tw
Investor Relations - US Representative
MZ North America
John Mattio, SVP
Tel: +1-212-301-7130
Email: john.mattio@mzgroup.us
www.mz-ir.com
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