ChipMOS TECHNOLOGIES ANNOUNCES PRICING OF SECONDARY OFFERING
HSINCHU, Taiwan, Oct. 26, 2012 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company'') (NASDAQ: IMOS) today announced the pricing of an underwritten public offering of 2,500,000 of its common shares at a price of US$10.10 per share. 1,700,000 common shares are being offered by Company shareholder ThaiLin Semiconductor Corp. ("ThaiLin"), a subsidiary of ChipMOS, and 800,000 common shares are being offered by Company shareholder Siliconware Precision Industries Co., Ltd. ("Siliconware Precision"). In addition, the underwriters have an option to purchase up to an additional 300,000 shares from ThaiLin. ThaiLin will receive the proceeds from its sale of ChipMOS' common shares in this offering. ChipMOS will not receive any of the proceeds from the sale of shares by Siliconware Precision. The offering is expected to close on or about October 31, 2012, subject to satisfaction of customary closing conditions.
Cowen and Company, LLC and Craig-Hallum Capital Group LLC are acting as joint book-running managers for the offering.
A prospectus supplement relating to the offering will be filed with the U.S. Securities and Exchange Commission (the "SEC") and will be available on the SEC's website located at www.sec.gov. Copies of the prospectus supplement and accompanying base prospectus may be obtained, when available, from Cowen and Company, LLC c/o Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY,11717, Attn: Prospectus Department, Phone: 631-274-2806, Fax: 631-254-7140; or from Craig-Hallum Capital Group LLC, via telephone: 612-334-6388 facsimile: 612-334-6348; email: firstname.lastname@example.org; or standard mail at Craig-Hallum Capital Group LLC, 222 South Ninth Street, Suite 350, Minneapolis, MN 55402.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of ChipMOS, nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offer will be made only by means of a prospectus, including a prospectus supplement, forming part of an effective registration statement.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS (http://www.chipmos.com) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
This news release contains forward-looking statements. Words such as "believes", "anticipates", "plans", "expects", "intend", "will", "goal", "potential" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon the Company's current expectations and involve risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to the Company's ability to satisfy the closing conditions required for the consummation of the offering and other risks detailed in the registration statement covering the offering and in the Company's filings with the Securities and Exchange Commission, including "Item 3. Key Information -- Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2011, and subsequent Reports on Form 6-K. These reports can be accessed on the SEC's website at www.sec.gov. These forward-looking statements speak only as of the date of this news release and undue reliance should not be placed on them. All forward-looking statements are qualified in their entirety by this cautionary statement. Except where required by law, the Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this news release.
Dr. S.K. Chen
ChipMOS TECHNOLOGIES (Bermuda) LTD.
In the U.S.
Global IR Partners
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