Company
Contact:
Dror
David, Chief Financial Officer
Nova
Measuring Instruments Ltd.
Tel:
972-8-938-7505
E-mail: info@nova.co.il
E-mail: http://www.nova.co.il
|
Investor
Relations Contacts:
Ehud
Helft / Kenny Green
CCG
Investor Relations Israel
Tel:
+1-646-201-9246
nova@ccgisrael.com
|
Nova
Measuring Instruments Ltd. Announces Proposed Follow-On Public
Offering
Rehovot, Israel –February 3, 2010 -
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 (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 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.