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

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LONDON, May 20, 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

19th May 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:

4,599,728

0.793%

170,217

0.029%

(2) Cash-settled derivatives:

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

8,000

0.001%

100,000

0.017%

TOTAL:

4,607,728

0.794%

270,217

0.047%

Class of relevant security:

2.000% Senior Unsecured Convertible Notes August 2022 (US668771AB40)

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

-

-

-

-

(2) Cash-settled derivatives:

-

-

-

-

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

-

-

-

-

TOTAL:

-

-

-

-

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

693

23.49

US6687711084

Sale

100

23.52

US6687711084

Sale

200

23.53

US6687711084

Sale

100

23.54

US6687711084

Purchase

600

23.55

US6687711084

Purchase

75

23.58

US6687711084

Sale

100

23.58

US6687711084

Purchase

200

23.60

US6687711084

Purchase

860

23.61

US6687711084

Purchase

1,855

23.63

US6687711084

Purchase

4,576

23.64

US6687711084

Purchase

9,173

23.65

US6687711084

Purchase

343

23.66

US6687711084

Purchase

7,892

23.67

US6687711084

Purchase

20,620

23.68

US6687711084

Purchase

24,808

23.69

US6687711084

Purchase

10,311

23.70

US6687711084

Purchase

10,617

23.71

US6687711084

Sale

100

23.71

US6687711084

Purchase

12,657

23.72

US6687711084

Purchase

7,493

23.73

US6687711084

Purchase

9,399

23.74

US6687711084

Purchase

10,936

23.75

US6687711084

Purchase

26,017

23.76

US6687711084

Sale

2,931

23.76

US6687711084

Purchase

11,954

23.77

US6687711084

Purchase

20,910

23.78

US6687711084

Purchase

17,463

23.79

US6687711084

Purchase

14,625

23.80

US6687711084

Purchase

50,004

23.81

US6687711084

Purchase

25,123

23.82

US6687711084

Purchase

4,633

23.83

US6687711084

Purchase

2,637

23.84

US6687711084

Purchase

1,223

23.85

US6687711084

Purchase

300

23.86

US6687711084

Purchase

600

23.89

US6687711084

Purchase

384

23.53

US6687711084

Purchase

398

23.61

US6687711084

Purchase

281

23.62

US6687711084

Purchase

45

23.65

US6687711084

Purchase

327

23.67

US6687711084

Purchase

359

23.71

US6687711084

Purchase

35

23.72

US6687711084

Purchase

372

23.73

US6687711084

Sale

5,606

23.76

US6687711084

Purchase

3

23.52

US6687711084

Purchase

6

23.53

US6687711084

Purchase

707

23.54

US6687711084

Purchase

198

23.55

US6687711084

Purchase

3

23.56

US6687711084

Purchase

190

23.57

US6687711084

Purchase

2,161

23.58

US6687711084

Purchase

901

23.59

US6687711084

Purchase

2,184

23.61

US6687711084

Purchase

967

23.62

US6687711084

Purchase

1,970

23.63

US6687711084

Purchase

9,361

23.64

US6687711084

Purchase

1,900

23.65

US6687711084

Purchase

262

23.66

US6687711084

Purchase

153

23.67

US6687711084

Purchase

21

23.68

US6687711084

Purchase

100

23.69

US6687711084

Purchase

1,800

23.70

US6687711084

Purchase

201

23.71

US6687711084

Purchase

100

23.73

US6687711084

Purchase

100

23.74

US6687711084

Sale

207

23.74

US6687711084

Purchase

440

23.75

US6687711084

Purchase

180

23.76

US6687711084

Sale

3,902

23.76

US6687711084

Purchase

413

23.77

US6687711084

Sale

155

23.77

US6687711084

Purchase

100

23.78

US6687711084

Sale

2,297

23.78

US6687711084

Purchase

761

23.79

US6687711084

Sale

2,305

23.79

US6687711084

Purchase

635

23.80

US6687711084

Sale

4,672

23.80

US6687711084

Purchase

3,252

23.81

US6687711084

Purchase

521

23.82

US6687711084

Sale

1,025

23.82

US6687711084

Purchase

583

23.83

US6687711084

Sale

742

23.83

US6687711084

Purchase

1,147

23.84

US6687711084

Purchase

813

23.85

US6687711084

Purchase

192

23.86

US6687711084

Purchase

100

23.89

US6687711084

Purchase

100

23.87

US6687711084

Purchase

169

23.53

US6687711084

Purchase

100

23.54

US6687711084

Purchase

16

23.55

US6687711084

Purchase

5

23.56

US6687711084

Purchase

30

23.57

US6687711084

Purchase

24

23.59

US6687711084

Purchase

1,095

23.61

US6687711084

Purchase

300

23.63

US6687711084

Purchase

126

23.64

US6687711084

Purchase

14

23.65

US6687711084

Purchase

511

23.67

US6687711084

Purchase

4

23.68

US6687711084

Purchase

526

23.71

US6687711084

Sale

400

23.71

US6687711084

Purchase

1,300

23.72

US6687711084

Purchase

242

23.73

US6687711084

Sale

200

23.73

US6687711084

Purchase

116

23.74

US6687711084

Sale

100

23.74

US6687711084

Purchase

9,838

23.75

US6687711084

Sale

450

23.75

US6687711084

Purchase

14,940

23.76

US6687711084

Sale

22,315

23.76

US6687711084

Purchase

171

23.77

US6687711084

Purchase

201

23.78

US6687711084

Sale

400

23.78

US6687711084

Purchase

415

23.79

US6687711084

Sale

100

23.79

US6687711084

Purchase

1,493

23.80

US6687711084

Purchase

1,024

23.81

US6687711084

Sale

200

23.81

US6687711084

Purchase

500

23.82

US6687711084

Purchase

101

23.83

US6687711084

Sale

191

23.83

US6687711084

Purchase

100

23.86

US6687711084

Sale

100

23.51

US6687711084

Purchase

11

23.53

US6687711084

Sale

93

23.54

US6687711084

Sale

1

23.56

US6687711084

Sale

100

23.57

US6687711084

Sale

300

23.58

US6687711084

Sale

89

23.61

US6687711084

Sale

203

23.63

US6687711084

Sale

2,107

23.65

US6687711084

Sale

108

23.66

US6687711084

Sale

667

23.67

US6687711084

Sale

4,263

23.68

US6687711084

Sale

59

23.70

US6687711084

Sale

412

23.71

US6687711084

Sale

1

23.72

US6687711084

Sale

451

23.73

US6687711084

Purchase

50

23.74

US6687711084

Sale

100

23.74

US6687711084

Sale

219

23.75

US6687711084

Purchase

130

23.76

US6687711084

Sale

2,267

23.76

US6687711084

Sale

67

23.77

US6687711084

Purchase

1

23.78

US6687711084

Sale

504

23.78

US6687711084

Purchase

53

23.79

US6687711084

Sale

2,535

23.79

US6687711084

Sale

2,184

23.80

US6687711084

Sale

4,526

23.81

US6687711084

Sale

157

23.82

US6687711084

Purchase

52

23.83

US6687711084

Sale

62

23.83

US6687711084

Sale

40

23.84

US6687711084

Purchase

101

23.85

US6687711084

Sale

21

23.86

US6687711084

Sale

38

23.87

US6687711084

Sale

4

23.70

US6687711084

Sale

26

23.72

US6687711084

Sale

46

23.73

US6687711084

Sale

8

23.75

US6687711084

Purchase

2,071

23.76

US6687711084

Sale

2,906

23.76

US6687711084

Sale

20

23.77

US6687711084

Sale

2

23.78

US6687711084

Sale

8

23.79

US6687711084

Sale

114

23.80

US6687711084

Sale

167

23.82

US6687711084

Sale

108

23.83

US6687711084

Sale

3

23.84

US6687711084

Sale

1

23.87

(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:

20th May 2022

Contact name:

Milos Naumovic

Telephone number:

+44 203 650 8203

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

Put Option

Purchased

100,000

23.00

American

20/05/2022

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/20220520005292/en/

Contacts

Millennium Partners, L.P.

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