Nova Measuring Instruments Ltd. Announces Proposed Follow-On Public Offering
February 03 2010 - 4:09PM
PR Newswire (US)
REHOVOT, Israel, February 3 /PRNewswire-FirstCall/ -- Nova
Measuring Instruments Ltd. (NASDAQ:NVMI), a provider of leading
edge stand alone metrology and a market leader of integrated
metrology solutions to the semiconductor process control market,
today announced the proposed follow-on public offering of its
ordinary shares. The offering price of the ordinary shares will be
determined by market and other conditions at the time of pricing in
consultation with the underwriters of the offering. The Company
expects to grant the underwriters a 30-day option to purchase up to
an additional 15% of the ordinary shares offered in the public
offering to cover over-allotments, if any. The offering is expected
to price before 9:30 a.m. EST on Thursday, February 4, 2010. The
ordinary shares are being offered pursuant to a shelf registration
statement on Form F-3, as amended, which was previously filed with
and declared effective by the Securities and Exchange Commission.
Needham & Company, LLC is acting as sole book-running manager
and Roth Capital Partners, LLC is acting as co-manager in
connection with the offering. This press release does not
constitute an offer to sell or a solicitation of an offer to buy
the securities referred to herein, nor shall there be any sale of
these securities in any state or jurisdiction, foreign or domestic,
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. Investors are advised to carefully
consider the investment objectives, risks and expenses of Nova
before investing. The prospectus, dated January 4, 2010, and the
preliminary prospectus supplement, dated February 3, 2010, contain
certain information about the proposed offering and Nova and should
be read carefully before investing. A final prospectus supplement
describing the terms of the offering will be filed with the SEC and
forms a part of the effective registration statement. The offering
may be made only by means of a prospectus and a related prospectus
supplement. When available, copies of the preliminary prospectus
supplement, the final prospectus supplement and the accompanying
base prospectus may be obtained from the Securities and Exchange
Commission's web site at http://www.sec.gov/, or from Needham &
Company, LLC at 445 Park Avenue, New York, NY 10022, or via
telephone at +1-212-371-8300. About Nova Measuring Instruments Ltd.
Nova Measuring Instruments Ltd. develops, produces and markets
advanced integrated and stand alone metrology solutions for the
semiconductor manufacturing industry. Nova Measuring Instruments
Ltd. is traded on the NASDAQ & TASE under the symbol NVMI.
Detailed information about Nova Measuring Instruments Ltd. can be
found on its website at http://www.nova.co.il/. The information
contained on our website does not form a part of this press release
or the proposed offering described above. This press release
contains forward-looking statements that are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements include statements
concerning the completion, timing and size of the proposed
financing and other statements which are other than statements of
historical facts. In some cases, you can identify forward-looking
statements by terminology such as "may," "will," "should,"
"expects," "intends," "plans," anticipates," "believes,"
"estimates," "predicts," "projects," "potential," "continue," and
other similar terminology or the negative of these terms, but their
absence does not mean that a particular statement is not
forward-looking. Such forward-looking statements are not guarantees
of future performance and are subject to risks and uncertainties
that may cause actual results to differ materially from those
anticipated by the forward-looking statements. These risks and
uncertainties include, among others: the risk that the financing
may be delayed or may not occur due to market or other conditions
and the satisfaction of customary closing conditions related to the
proposed public offering. Additional information concerning these
and other factors that may cause actual results to differ
materially from those anticipated in the forward-looking statements
is contained in the "Risk Factors" section of the Company's Annual
Report on Form 20-F for the fiscal year ended December 31, 2008,
and in the Company's other filings with the Securities and Exchange
Commission and the prospectus supplement related to the offering.
The Company cautions investors not to place undue reliance on the
forward-looking statements contained in this press release. All
forward-looking statements are based on information currently
available to the Company on the date hereof, and the Company
undertakes no obligation to revise or update these forward-looking
statements to reflect events or circumstances after the date of
this presentation, except as required by law. Company Contact: Dror
David, Chief Financial Officer Nova Measuring Instruments Ltd. Tel:
+972-8-938-7505 E-mail: http://www.nova.co.il/ Investor Relations
Contacts: Ehud Helft / Kenny Green CCG Investor Relations Israel
Tel: +1-646-201-9246 DATASOURCE: Nova Measuring Instruments Ltd
CONTACT: Company Contact: Dror David, Chief Financial Officer, Nova
Measuring Instruments Ltd., Tel: +972-8-938-7505, E-mail: .
Investor Relations Contacts: Ehud Helft / Kenny Green, CCG Investor
Relations Israel, Tel: +1-646-201-9246,
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