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

·7 min read

LONDON, August 18, 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

17th 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:

2,299,452

0.402%

1,307,629

0.229%

(2) Cash-settled derivatives:

-

-

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

59,700

0.010%

-

-

TOTAL:

2,359,152

0.413%

1,307,629

0.229%

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

Purchase

863

24.04

US6687711084

Sale

88

23.73

US6687711084

Sale

3,000

23.77

US6687711084

Sale

23,749

23.79

US6687711084

Sale

26,519

23.80

US6687711084

Sale

360

23.76

US6687711084

Sale

120

23.83

US6687711084

Sale

300

23.82

US6687711084

Sale

2,197

23.74

US6687711084

Purchase

7

23.75

US6687711084

Sale

154

23.75

US6687711084

Sale

3,698

23.78

US6687711084

Sale

8

23.85

US6687711084

Sale

93

23.67

US6687711084

Sale

103

23.66

US6687711084

Sale

100

23.64

US6687711084

Sale

10,300

23.70

US6687711084

Sale

21,674

23.71

US6687711084

Sale

13,840

23.72

US6687711084

Sale

200

23.69

US6687711084

Purchase

95

23.92

US6687711084

Purchase

33

23.73

US6687711084

Purchase

583

23.77

US6687711084

Purchase

272

23.79

US6687711084

Purchase

125

23.80

US6687711084

Sale

1,285

23.80

US6687711084

Purchase

226

23.76

US6687711084

Purchase

270

23.88

US6687711084

Purchase

469

23.83

US6687711084

Purchase

58

23.82

US6687711084

Purchase

201

23.74

US6687711084

Purchase

384

23.75

US6687711084

Purchase

100

24.00

US6687711084

Purchase

200

23.99

US6687711084

Purchase

353

23.86

US6687711084

Purchase

300

23.96

US6687711084

Purchase

95

23.91

US6687711084

Purchase

100

23.89

US6687711084

Purchase

402

23.78

US6687711084

Purchase

127

23.84

US6687711084

Purchase

18

23.85

US6687711084

Purchase

30

23.68

US6687711084

Purchase

152

23.66

US6687711084

Purchase

176

23.65

US6687711084

Purchase

200

23.64

US6687711084

Purchase

200

23.63

US6687711084

Purchase

88

23.62

US6687711084

Purchase

227

23.70

US6687711084

Purchase

379

23.71

US6687711084

Purchase

194

23.72

US6687711084

Purchase

303

23.69

US6687711084

Purchase

193

23.81

US6687711084

Sale

384

24.04

US6687711084

Sale

1,382

23.73

US6687711084

Purchase

125

23.77

US6687711084

Sale

2,434

23.77

US6687711084

Purchase

252

23.79

US6687711084

Purchase

1,432

23.80

US6687711084

Sale

24

23.80

US6687711084

Purchase

299

23.76

US6687711084

Sale

1,607

23.76

US6687711084

Sale

100

23.88

US6687711084

Purchase

3,062

23.83

US6687711084

Sale

1,492

23.83

US6687711084

Purchase

5,030

23.82

US6687711084

Sale

100

23.82

US6687711084

Sale

438

23.74

US6687711084

Sale

1,687

23.75

US6687711084

Purchase

200

23.78

US6687711084

Sale

100

23.78

US6687711084

Purchase

201

23.84

US6687711084

Sale

63

23.84

US6687711084

Purchase

840

23.85

US6687711084

Sale

348

23.67

US6687711084

Sale

1,075

23.68

US6687711084

Sale

100

23.65

US6687711084

Sale

100

23.64

US6687711084

Sale

159

23.63

US6687711084

Sale

3,026

23.70

US6687711084

Sale

12,610

23.71

US6687711084

Sale

1,796

23.72

US6687711084

Sale

5,699

23.69

US6687711084

Purchase

102

23.81

US6687711084

Sale

3

23.61

US6687711084

Sale

418

24.04

US6687711084

Purchase

100

23.73

US6687711084

Sale

212

23.73

US6687711084

Sale

371

23.77

US6687711084

Purchase

38

23.79

US6687711084

Sale

515

23.79

US6687711084

Purchase

2,474

23.80

US6687711084

Sale

16,214

23.80

US6687711084

Purchase

10

23.76

US6687711084

Sale

300

23.76

US6687711084

Sale

263

23.82

US6687711084

Sale

300

23.74

US6687711084

Purchase

141

23.75

US6687711084

Sale

513

23.75

US6687711084

Purchase

1

23.86

US6687711084

Sale

100

23.86

US6687711084

Purchase

97

23.78

US6687711084

Sale

2,238

23.78

US6687711084

Sale

207

23.84

US6687711084

Purchase

121

23.87

US6687711084

Sale

100

23.85

US6687711084

Sale

4

23.67

US6687711084

Sale

208

23.68

US6687711084

Sale

640

23.70

US6687711084

Purchase

842

23.71

US6687711084

Sale

229

23.71

US6687711084

Sale

751

23.72

US6687711084

Sale

6

23.69

US6687711084

Purchase

718

23.81

US6687711084

Sale

280

23.81

US6687711084

Sale

21

24.04

US6687711084

Sale

392

23.73

US6687711084

Sale

207

23.77

US6687711084

Sale

799

23.79

US6687711084

Sale

608

23.80

US6687711084

Sale

7,550

24.10

US6687711084

Sale

89

23.76

US6687711084

Sale

100

23.83

US6687711084

Sale

9

23.82

US6687711084

Sale

40

23.74

US6687711084

Sale

146

23.75

US6687711084

Sale

72

23.78

US6687711084

Sale

82

23.84

US6687711084

Sale

1

23.85

US6687711084

Sale

200

23.67

US6687711084

Sale

1

23.68

US6687711084

Sale

205

23.66

US6687711084

Sale

100

23.62

US6687711084

Sale

3

23.70

US6687711084

Sale

31

23.71

US6687711084

Sale

5

23.69

US6687711084

Sale

523

23.81

US6687711084

Sale

104

24.04

US6687711084

Sale

1,326

23.80

(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:

18th 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/20220818005475/en/

Contacts

Millennium Partners, L.P.