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

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LONDON, August 17, 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

16th 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:

2,318,798

0.406%

1,171,485

0.205%

(2) Cash-settled derivatives:

-

-

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

59,700

0.010%

-

-

TOTAL:

2,378,498

0.416%

1,171,485

0.205%

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

26

23.99

US6687711084

Sale

2,804

24.10

US6687711084

Sale

35,273

24.03

US6687711084

Sale

6,586

24.18

US6687711084

Purchase

863

24.21

US6687711084

Sale

1,372

24.21

US6687711084

Sale

1,031

23.95

US6687711084

Sale

4,622

24.04

US6687711084

Sale

6

23.93

US6687711084

Sale

5,914

23.97

US6687711084

Sale

100

23.91

US6687711084

Sale

7

23.88

US6687711084

Sale

389

23.90

US6687711084

Sale

1

23.92

US6687711084

Sale

30

24.01

US6687711084

Sale

80

24.00

US6687711084

Sale

1,020

24.02

US6687711084

Sale

39

24.06

US6687711084

Sale

115

24.07

US6687711084

Sale

20,953

24.14

US6687711084

Sale

79

24.12

US6687711084

Sale

248

24.05

US6687711084

Sale

11,400

24.15

US6687711084

Sale

524

24.22

US6687711084

Sale

1,109

24.19

US6687711084

Sale

6

24.23

US6687711084

Sale

13,994

24.16

US6687711084

Purchase

536

23.99

US6687711084

Purchase

2

24.13

US6687711084

Purchase

8

24.10

US6687711084

Purchase

469

24.03

US6687711084

Sale

242

24.18

US6687711084

Purchase

1,720

24.21

US6687711084

Purchase

239

24.11

US6687711084

Sale

100

24.11

US6687711084

Purchase

19

24.04

US6687711084

Purchase

2

23.93

US6687711084

Purchase

400

23.97

US6687711084

Purchase

100

23.94

US6687711084

Purchase

300

23.98

US6687711084

Purchase

347

23.91

US6687711084

Purchase

102

23.90

US6687711084

Purchase

201

24.01

US6687711084

Purchase

700

24.00

US6687711084

Purchase

850

24.02

US6687711084

Purchase

183

24.07

US6687711084

Purchase

210

24.09

US6687711084

Purchase

374

24.08

US6687711084

Purchase

110

24.14

US6687711084

Sale

200

24.14

US6687711084

Purchase

233

24.12

US6687711084

Purchase

31

24.05

US6687711084

Sale

100

24.15

US6687711084

Purchase

7,201

24.13

US6687711084

Purchase

5,565

24.10

US6687711084

Purchase

877

24.03

US6687711084

Purchase

101

24.18

US6687711084

Sale

13

24.18

US6687711084

Purchase

2,809

24.21

US6687711084

Sale

1,476

24.21

US6687711084

Purchase

1,335

23.95

US6687711084

Purchase

11,013

24.11

US6687711084

Purchase

31,656

24.04

US6687711084

Purchase

183

23.96

US6687711084

Purchase

202

23.93

US6687711084

Purchase

100

23.87

US6687711084

Purchase

220

23.97

US6687711084

Purchase

866

23.94

US6687711084

Purchase

143

23.98

US6687711084

Purchase

100

23.90

US6687711084

Purchase

1,014

24.01

US6687711084

Purchase

1,192

24.00

US6687711084

Purchase

2,347

24.02

US6687711084

Purchase

350

24.06

US6687711084

Purchase

1,851

24.07

US6687711084

Purchase

3,280

24.09

US6687711084

Purchase

8,114

24.08

US6687711084

Purchase

1,531

24.14

US6687711084

Purchase

2,798

24.12

US6687711084

Purchase

403

24.05

US6687711084

Sale

1,643

24.22

US6687711084

Sale

934

24.19

US6687711084

Sale

618

24.20

US6687711084

Sale

1,041

24.23

US6687711084

Purchase

1,303

24.16

US6687711084

Sale

76

23.99

US6687711084

Sale

236

24.13

US6687711084

Sale

75

24.10

US6687711084

Sale

225

24.03

US6687711084

Sale

152

24.18

US6687711084

Sale

5,976

24.21

US6687711084

Sale

2,081

23.95

US6687711084

Sale

116

24.11

US6687711084

Purchase

13

24.04

US6687711084

Sale

1,352

24.04

US6687711084

Sale

200

23.93

US6687711084

Sale

301

23.97

US6687711084

Sale

189

23.94

US6687711084

Sale

56

23.98

US6687711084

Sale

100

23.91

US6687711084

Sale

509

23.88

US6687711084

Sale

108

23.90

US6687711084

Sale

329

23.92

US6687711084

Sale

20

24.01

US6687711084

Sale

62

24.00

US6687711084

Sale

184

24.02

US6687711084

Sale

32

24.06

US6687711084

Sale

168

24.07

US6687711084

Sale

273

24.09

US6687711084

Sale

243

24.08

US6687711084

Sale

409

24.14

US6687711084

Sale

803

24.12

US6687711084

Sale

163

24.05

US6687711084

Sale

201

24.15

US6687711084

Sale

1,085

24.22

US6687711084

Sale

1

24.20

US6687711084

Sale

34

24.16

US6687711084

Purchase

3,000

24.13

US6687711084

Sale

303

24.13

US6687711084

Purchase

300

24.10

US6687711084

Sale

159

24.03

US6687711084

Sale

16

24.18

US6687711084

Sale

5

24.11

US6687711084

Purchase

100

24.04

US6687711084

Sale

1,435

24.04

US6687711084

Sale

3

23.94

US6687711084

Sale

22

24.01

US6687711084

Sale

362

24.02

US6687711084

Purchase

1,400

24.06

US6687711084

Sale

10

24.06

US6687711084

Purchase

100

24.07

US6687711084

Purchase

400

24.09

US6687711084

Sale

2

24.09

US6687711084

Purchase

700

24.08

US6687711084

Sale

6

24.08

US6687711084

Purchase

1,114

24.14

US6687711084

Sale

884

24.14

US6687711084

Purchase

100

24.12

US6687711084

Sale

2

24.12

US6687711084

Purchase

100

24.05

US6687711084

Sale

5

24.15

US6687711084

Sale

115

24.22

US6687711084

Sale

613

24.17

US6687711084

Sale

14

24.19

US6687711084

Sale

60

24.20

US6687711084

Sale

21

24.16

US6687711084

Purchase

1,715

24.21

US6687711084

Sale

104

23.95

(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:

17th 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/20220817005410/en/

Contacts

Millennium Partners, L.P.