Form 8.3 - Nitro Bidco Limited (a wholly-owned subsidiary of NortonLifeLock Inc.)

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LONDON, August 19, 2022--(BUSINESS WIRE)--

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Full name of discloser:

Millennium International Management LP

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

Nitro Bidco Limited (a wholly-owned subsidiary of NortonLifeLock Inc.)

(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

(e) Date position held/dealing undertaken:

For an opening position disclosure, state the latest practicable date prior to the disclosure

18th August 2022

(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

If it is a cash offer or possible cash offer, state "N/A"

Yes, Avast plc.

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:

USD 0.01 common (US6687711084)

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

2,462,671

0.431%

1,395,142

0.244%

(2) Cash-settled derivatives:

-

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

59,700

0.010%

-

-

TOTAL:

2,522,371

0.441%

1,395,142

0.244%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:

Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit (USD)

US6687711084

Sale

2,455

23.91

US6687711084

Sale

15,891

23.90

US6687711084

Sale

4,226

23.93

US6687711084

Sale

183

23.80

US6687711084

Sale

23,861

23.83

US6687711084

Sale

6,999

23.76

US6687711084

Sale

674

23.77

US6687711084

Sale

11,437

23.75

US6687711084

Sale

132

23.79

US6687711084

Sale

2,353

23.78

US6687711084

Sale

641

23.74

US6687711084

Sale

66

23.85

US6687711084

Sale

281

23.72

US6687711084

Sale

2,918

23.86

US6687711084

Sale

707

23.84

US6687711084

Sale

3,417

23.88

US6687711084

Sale

21,374

23.89

US6687711084

Sale

5,780

23.87

US6687711084

Sale

390

23.94

US6687711084

Sale

419

23.95

US6687711084

Sale

8

23.92

US6687711084

Sale

2,893

23.73

US6687711084

Purchase

454

23.91

US6687711084

Purchase

488

23.90

US6687711084

Purchase

60

23.93

US6687711084

Purchase

1,098

23.80

US6687711084

Purchase

1,594

23.83

US6687711084

Purchase

179

23.76

US6687711084

Purchase

1,756

23.77

US6687711084

Purchase

200

23.75

US6687711084

Purchase

1,386

23.78

US6687711084

Purchase

627

23.82

US6687711084

Purchase

794

23.74

US6687711084

Purchase

665

23.85

US6687711084

Purchase

94

23.72

US6687711084

Purchase

232

23.81

US6687711084

Purchase

86

23.86

US6687711084

Purchase

252

23.84

US6687711084

Purchase

729

23.88

US6687711084

Purchase

1,632

23.89

US6687711084

Purchase

607

23.87

US6687711084

Purchase

200

23.94

US6687711084

Purchase

500

23.95

US6687711084

Purchase

32

23.97

US6687711084

Purchase

86

23.92

US6687711084

Purchase

1,128

23.91

US6687711084

Purchase

7,696

23.90

US6687711084

Purchase

1,775

23.93

US6687711084

Purchase

32,129

23.80

US6687711084

Purchase

524

23.83

US6687711084

Purchase

24,674

23.76

US6687711084

Purchase

19,991

23.77

US6687711084

Purchase

3,607

23.75

US6687711084

Purchase

12,122

23.79

US6687711084

Purchase

20,792

23.78

US6687711084

Purchase

1,815

23.82

US6687711084

Purchase

200

23.74

US6687711084

Purchase

1,400

23.85

US6687711084

Purchase

10,174

23.81

US6687711084

Purchase

629

23.86

US6687711084

Purchase

2,018

23.84

US6687711084

Purchase

1,718

23.88

US6687711084

Purchase

4,012

23.89

US6687711084

Purchase

100

23.87

US6687711084

Purchase

1,099

23.94

US6687711084

Purchase

223

23.98

US6687711084

Purchase

1,668

23.92

US6687711084

Purchase

100

23.99

US6687711084

Purchase

435

23.91

US6687711084

Purchase

2,130

23.90

US6687711084

Purchase

758

23.93

US6687711084

Purchase

310

23.80

US6687711084

Sale

806

23.80

US6687711084

Purchase

210

23.83

US6687711084

Purchase

1,181

23.76

US6687711084

Sale

198

23.76

US6687711084

Purchase

4,446

23.77

US6687711084

Sale

2,683

23.77

US6687711084

Purchase

344

23.75

US6687711084

Sale

100

23.75

US6687711084

Purchase

243

23.79

US6687711084

Purchase

430

23.78

US6687711084

Purchase

176

23.82

US6687711084

Purchase

596

23.74

US6687711084

Purchase

482

23.85

US6687711084

Purchase

9

23.72

US6687711084

Purchase

780

23.81

US6687711084

Purchase

1,200

23.86

US6687711084

Purchase

400

23.84

US6687711084

Sale

100

23.84

US6687711084

Purchase

1,211

23.88

US6687711084

Purchase

2,502

23.89

US6687711084

Purchase

1,228

23.87

US6687711084

Purchase

1,078

23.94

US6687711084

Purchase

100

23.95

US6687711084

Purchase

161

23.97

US6687711084

Purchase

188

23.96

US6687711084

Purchase

979

23.92

US6687711084

Purchase

200

23.93

US6687711084

Purchase

100

23.83

US6687711084

Purchase

100

23.77

US6687711084

Purchase

100

23.75

US6687711084

Purchase

50

23.79

US6687711084

Purchase

100

23.74

US6687711084

Purchase

200

23.81

US6687711084

Purchase

186

23.89

US6687711084

Purchase

266

23.87

US6687711084

Purchase

600

23.92

US6687711084

Sale

126

23.77

(b) Cash-settled derivative transactions

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit
(USD)

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit (USD)

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

NONE

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

NONE

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:

19th August 2022

Contact name:

Roisin Nagle

Telephone number:

+44 203 192 8746

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1. KEY INFORMATION

Full name of person making disclosure:

Millennium International Management LP

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

Nitro Bidco Limited (a wholly-owned subsidiary of NortonLifeLock Inc.)

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security

Product description e.g. call option

Written or purchased

Number of securities to which option or derivative relates

Exercise price per unit (USD)

Type

e.g. American, European etc.

Expiry date

US6687711084

Call Option

Purchased

8,000

25.00

American

20/01/2023

US6687711084

Call Option

Purchased

51,700

23.00

American

19/08/2022

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk

View source version on businesswire.com: https://www.businesswire.com/news/home/20220819005239/en/

Contacts

Millennium Partners, L.P.