TAINAN, Taiwan, June 13, 2013 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq:HIMX) ("Himax" or "Company"), a supplier and fabless manufacturer of advanced display drivers and other semiconductor products, today announced the pricing of an offering by selling shareholder Innolux Corporation ("Innolux") of 22,086,742 American Depositary Shares ("ADSs"), each representing two ordinary shares of the Company, at a public offering price of $5.25 per ADS. Innolux has granted the underwriters a 30-day option to purchase up to 3,313,011 additional ADSs solely to cover over-allotments, if any. The offering is expected to close on June 19, 2013.
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.
Citigroup Global Markets Inc. is acting 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 are acting as joint bookrunners for the offering. Oppenheimer & Co. Inc., Rosenblatt Securities Inc. and Craig-Hallum Capital Group LLC are acting as co-managers of the offering.The offering is being made pursuant to the Company's shelf registration statement on Form F-3, which has been declared effective by the Securities and Exchange Commission (the "SEC") 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 and the final prospectus supplement, when available, are available from the SEC website at: http://www.sec.gov . Copies of these documents may also 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.