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Himax Technologies Announces Filing Of Shelf Registration Statement

TAINAN, Taiwan, April 30, 2013 (GLOBE NEWSWIRE) -- 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.

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