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

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LONDON, August 10, 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

9th 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:

1,377,251

0.241%

629,179

0.110%

(2) Cash-settled derivatives:

-

-

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

59,700

0.010%

-

-

TOTAL:

1,436,951

0.251%

629,179

0.110%

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

Sale

2

24.15

US6687711084

Sale

446

24.12

US6687711084

Sale

460

24.14

US6687711084

Purchase

238

24.19

US6687711084

Sale

595

24.19

US6687711084

Purchase

250

24.17

US6687711084

Sale

901

24.24

US6687711084

Sale

2,157

24.28

US6687711084

Sale

3,309

24.27

US6687711084

Purchase

390

24.22

US6687711084

Sale

4,763

24.22

US6687711084

Sale

5,852

24.35

US6687711084

Sale

12,602

24.33

US6687711084

Sale

875

24.36

US6687711084

Sale

565

24.37

US6687711084

Sale

5,042

24.25

US6687711084

Purchase

267

24.23

US6687711084

Purchase

364

24.20

US6687711084

Purchase

42

24.34

US6687711084

Sale

1,141

24.39

US6687711084

Sale

249

24.40

US6687711084

Sale

34,569

24.44

US6687711084

Sale

4,262

24.42

US6687711084

Sale

763

24.45

US6687711084

Sale

23

24.52

US6687711084

Purchase

8

24.43

US6687711084

Sale

11,523

24.43

US6687711084

Purchase

296

24.18

US6687711084

Sale

5,388

24.26

US6687711084

Sale

866

24.47

US6687711084

Purchase

100

24.10

US6687711084

Purchase

100

24.23

US6687711084

Purchase

200

24.13

US6687711084

Purchase

300

24.21

US6687711084

Purchase

300

24.34

US6687711084

Purchase

100

24.38

US6687711084

Purchase

100

24.42

US6687711084

Purchase

100

24.51

US6687711084

Purchase

2,185

24.43

US6687711084

Purchase

700

24.32

US6687711084

Purchase

238

24.15

US6687711084

Purchase

437

24.10

US6687711084

Purchase

389

24.11

US6687711084

Purchase

696

24.14

US6687711084

Purchase

196

24.16

US6687711084

Purchase

468

24.19

US6687711084

Purchase

503

24.17

US6687711084

Purchase

1,500

24.24

US6687711084

Purchase

505

24.27

US6687711084

Purchase

900

24.22

US6687711084

Purchase

197

24.37

US6687711084

Purchase

916

24.25

US6687711084

Purchase

2,645

24.23

US6687711084

Purchase

3,296

24.20

US6687711084

Purchase

50

24.07

US6687711084

Purchase

13,492

24.21

US6687711084

Purchase

400

24.30

US6687711084

Purchase

255

24.39

US6687711084

Purchase

240

24.38

US6687711084

Purchase

580

24.40

US6687711084

Sale

600

24.40

US6687711084

Purchase

238

24.41

US6687711084

Sale

353

24.41

US6687711084

Purchase

180

24.44

US6687711084

Sale

675

24.44

US6687711084

Purchase

1,589

24.42

US6687711084

Sale

647

24.42

US6687711084

Sale

2,460

24.45

US6687711084

Sale

7,934

24.46

US6687711084

Sale

863

24.48

US6687711084

Sale

300

24.51

US6687711084

Sale

293

24.50

US6687711084

Purchase

1,027

24.43

US6687711084

Sale

2,171

24.43

US6687711084

Purchase

1,485

24.18

US6687711084

Purchase

200

23.98

US6687711084

Purchase

2,916

24.08

US6687711084

Purchase

300

24.05

US6687711084

Purchase

700

23.97

US6687711084

Purchase

327

24.02

US6687711084

Purchase

200

24.03

US6687711084

Purchase

256

24.26

US6687711084

Purchase

500

24.32

US6687711084

Sale

99

24.47

US6687711084

Sale

685

24.15

US6687711084

Purchase

441

24.12

US6687711084

Sale

39

24.12

US6687711084

Sale

47

24.10

US6687711084

Sale

21

24.11

US6687711084

Purchase

417

24.14

US6687711084

Purchase

55

24.16

US6687711084

Sale

77

24.16

US6687711084

Purchase

693

24.19

US6687711084

Sale

45

24.17

US6687711084

Purchase

242

24.24

US6687711084

Sale

4,300

24.28

US6687711084

Purchase

185

24.27

US6687711084

Sale

100

24.27

US6687711084

Purchase

505

24.22

US6687711084

Sale

200

24.35

US6687711084

Purchase

2,295

24.33

US6687711084

Purchase

374

24.37

US6687711084

Purchase

2,602

24.25

US6687711084

Purchase

997

24.23

US6687711084

Purchase

2,519

24.20

US6687711084

Sale

100

24.20

US6687711084

Purchase

215

24.09

US6687711084

Purchase

647

24.13

US6687711084

Sale

98

24.13

US6687711084

Purchase

4,137

24.21

US6687711084

Sale

12

24.21

US6687711084

Sale

1,232

24.30

US6687711084

Purchase

100

24.34

US6687711084

Purchase

1,238

24.39

US6687711084

Sale

271

24.39

US6687711084

Purchase

674

24.38

US6687711084

Sale

300

24.38

US6687711084

Purchase

262

24.40

US6687711084

Sale

498

24.40

US6687711084

Purchase

900

24.41

US6687711084

Sale

688

24.41

US6687711084

Purchase

115

24.44

US6687711084

Sale

307

24.44

US6687711084

Purchase

637

24.42

US6687711084

Sale

298

24.42

US6687711084

Purchase

625

24.45

US6687711084

Sale

2,561

24.45

US6687711084

Purchase

1,926

24.46

US6687711084

Sale

120

24.46

US6687711084

Purchase

353

24.48

US6687711084

Sale

52

24.48

US6687711084

Purchase

203

24.51

US6687711084

Purchase

555

24.50

US6687711084

Sale

700

24.50

US6687711084

Purchase

156

24.49

US6687711084

Purchase

15,842

24.43

US6687711084

Sale

3,259

24.43

US6687711084

Purchase

344

24.18

US6687711084

Sale

43

24.18

US6687711084

Purchase

115

24.08

US6687711084

Purchase

100

24.04

US6687711084

Purchase

100

24.31

US6687711084

Sale

148

24.47

US6687711084

Purchase

24

24.15

US6687711084

Purchase

5

24.10

US6687711084

Purchase

100

24.27

US6687711084

Purchase

30

24.29

US6687711084

Purchase

20

24.23

US6687711084

Purchase

171

24.20

US6687711084

Purchase

100

24.13

US6687711084

Purchase

300

24.39

US6687711084

Purchase

100

24.38

US6687711084

Purchase

101

24.41

US6687711084

Purchase

18

24.44

US6687711084

Purchase

100

24.42

US6687711084

Sale

600

24.42

US6687711084

Purchase

136

24.45

US6687711084

Purchase

87

24.43

US6687711084

Sale

775

24.43

US6687711084

Sale

18,769

24.18

US6687711084

Purchase

20

24.26

US6687711084

Purchase

200

24.32

US6687711084

Purchase

50

24.31

US6687711084

Purchase

598

24.47

US6687711084

Purchase

2

24.12

US6687711084

Purchase

2

24.11

US6687711084

Purchase

2

24.37

US6687711084

Purchase

4

24.20

US6687711084

Purchase

2

24.07

US6687711084

Purchase

14

24.34

US6687711084

Purchase

6

24.39

US6687711084

Purchase

52

24.38

US6687711084

Purchase

10

24.40

US6687711084

Purchase

21

24.41

US6687711084

Purchase

4

24.44

US6687711084

Purchase

54

24.42

US6687711084

Purchase

2

24.46

US6687711084

Purchase

31

24.43

US6687711084

Sale

1,227

24.43

US6687711084

Purchase

2

24.32

(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:

10th 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/20220810005485/en/

Contacts

Millennium Partners, L.P.