Himax Technologies Announces Offering of 22,086,742 ADSs by Selling Shareholder Innolux Corporation
10 Juni 2013 - 10:23PM
Himax Technologies, Inc. (Nasdaq:HIMX) ("Himax" or "Company"), a
supplier and fabless manufacturer of advanced display drivers and
other semiconductor products, today announced the commencement of
an offering of 22,086,742 American Depositary Shares ("ADSs"), each
representing two ordinary shares of the Company, by selling
shareholder Innolux Corporation ("Innolux"). Himax will not receive
any proceeds from the sale of the ADSs by Innolux. Innolux's sale
of the ADSs will not result in dilution of the Company's
outstanding shares. Innolux intends to grant the underwriters an
option to purchase up to 3,313,011 additional ADSs solely to cover
over-allotments, if any.
Citigroup Global Markets Inc. will act as global coordinator for
the offering and Citigroup Global Markets Inc., Merrill Lynch,
Pierce, Fenner & Smith Incorporated, Chardan Capital Markets,
LLC and Credit Suisse Securities (USA) LLC will act as joint
bookrunners for the offering. Oppenheimer & Co. Inc.,
Rosenblatt Securities Inc. and Craig-Hallum Capital Group LLC will
act as co-managers for the offering.
The offering will be made pursuant to the Company's shelf
registration statement on Form F-3 filed with the Securities and
Exchange Commission on June 3, 2013, which has become effective on
June 10, 2013. This press release does not constitute an offer to
sell, or the solicitation of an offer to buy, securities and does
not constitute an offer, solicitation or sale in any jurisdiction
in which such offer, solicitation or sale would be unlawful. The
Company's registration statement on Form F-3 and preliminary
prospectus supplement are available from the SEC website at:
http://www.sec.gov.
Copies of the preliminary prospectus supplement and the
accompanying prospectus may be obtained from Citigroup Global
Markets Inc., 388 Greenwich Street, New York, New York 10013,
United States, telephone:+1-212-816-6000.
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. Headquartered in Tainan,
Taiwan, the Company has offices in Hsinchu and Taipei, Taiwan and
in China, Korea, Japan and the US.
www.himax.com.tw
Forward Looking Statements
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Any statements in
this press release that are not historical facts are
forward-looking statements that involve factors, risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. Such factors and
risks 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. The Company undertakes
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
unless required by applicable law.
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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