Himax Filed Listing Application With Taiwan Stock Exchange
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TAINAN, Taiwan, Nov. 12, 2009 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (the
"Company") (Nasdaq:HIMX) announced that it filed a listing application with the
Taiwan Stock Exchange (the "TWSE") today.
The Company plans to list all of its ordinary shares on the TWSE while
maintaining its listing of American Depositary Shares on the Nasdaq Global
Select Market. The Company currently expects to receive the listing approval
from the TWSE in the first quarter of 2010 and expects trading to begin in the
second quarter of 2010, subject to necessary regulatory approvals and procedures
and the prevailing market conditions.
In connection with the listing application, a preliminary offering circular and
a preliminary underwriter's evaluation report both dated November 12, 2009 (in
Chinese language) were filed with the TWSE and made public on the Market
Observation Post System under the code number "3670." The preliminary
underwriter's evaluation report is required to be filed under the listing rules
of the TWSE and was prepared by the lead underwriter for the Company's Taiwan
listing.
The Company also filed today a Form 6-K report with the U.S. Securities and
Exchange Commission summarizing certain information included in the preliminary
offering circular and the preliminary underwriter's evaluation report, which is
provided for information purposes only.
The ordinary shares to be issued and offered in connection with the proposed
Taiwan listing have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act"), or any state
securities laws and may not be offered or sold within the United States or to,
or for the account or benefit of, any U.S. person (as defined in Regulation S
under the Securities Act), absent registration or an applicable exemption from
registration requirements under the Securities Act.
About Himax Technologies, Inc.
Himax Technologies, Inc. designs, develops, and markets semiconductors that are
critical components of flat panel displays. The Company's principal products are
display drivers for large-sized TFT-LCD panels, which are used in desktop
monitors, notebook computers and televisions, and display drivers for small- and
medium-sized TFT-LCD panels, which are used in mobile handsets and consumer
electronics products such as netbook computers, digital cameras, mobile gaming
devices, portable DVD players, digital photo frame and car navigation displays.
In addition, the Company is expanding its product offerings to include timing
controllers, LCD TV and monitor chipset solutions, LCOS projector solutions,
power management ICs and CMOS Image Sensors. Based in Tainan, Taiwan, the
Company has regional offices in Hsinchu and Taipei, Taiwan; Ninbo, Foshan,
Fuqing, Beijing, Shanghai, Suzhou and Shenzhen, China; Yokohama and Matsusaka,
Japan; Anyang-si Kyungki-do, and Cheonan-si, Chungcheongnam-do, South Korea; and
Irvine California, USA.
Forward-Looking Statements:
This press release contains forward-looking statements, including statements
regarding our ordinary shares and American Depositary Shares and our future
business prospects, on which you should not place undue reliance. A number of
important factors could cause actual results to differ materially from those
contained in any forward-looking statement, and there can be no assurance that
Himax's Taiwan listing will be approved or trading will begin at the expected
time, or at all. Factors that could cause our listing plan to differ materially
include, but not limited to, shareholders' support on the dual listing plan,
changes in either Taiwan or U.S. authorities' policies, Taiwan Stock Exchange
and Taiwan authority's acceptance of Himax's Taiwan listing application, changes
in capital market conditions in either Taiwan or the U.S., capital market
acceptance of our share offering, our future business development, results of
operations and financial condition, the capabilities of the underwriters and
other risks as 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, 2008 filed with the SEC on May 15,
2009, if and as amended. The Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
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CONTACT: Himax Technologies, Inc.
Max Chan, Chief Financial Officer
+886-2-2370-3999 Ext. 22300
max_chan@himax.com.tw
Investor Relations
Jessie Wang
+886-2-2370-3999 Ext. 22618
jessie_wang@himax.com.tw
The Ruth Group
In the U.S.
Joseph Villalta
+1-646-536-7003
jvillalta@theruthgroup.com
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