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

·10 min read

LONDON, August 11, 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

10th 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:

1,442,769

0.253%

713,361

0.125%

(2) Cash-settled derivatives:

-

-

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

59,700

0.010%

-

-

TOTAL:

1,502,469

0.263%

713,361

0.125%

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

863

24.72

US6687711084

Sale

1

24.68

US6687711084

Sale

25

24.67

US6687711084

Sale

615

24.71

US6687711084

Sale

1,100

24.64

US6687711084

Sale

194

24.50

US6687711084

Sale

10

24.49

US6687711084

Sale

6

24.40

US6687711084

Sale

6

24.42

US6687711084

Sale

1,400

24.41

US6687711084

Sale

40,600

24.38

US6687711084

Sale

863

24.34

US6687711084

Sale

678

24.29

US6687711084

Sale

11,366

24.28

US6687711084

Sale

1,773

24.26

US6687711084

Sale

2,127

24.23

US6687711084

Sale

24,300

24.22

US6687711084

Sale

629

24.20

US6687711084

Sale

1,592

24.18

US6687711084

Sale

2,166

24.19

US6687711084

Sale

361

24.17

US6687711084

Sale

55

24.14

US6687711084

Sale

428

24.15

US6687711084

Sale

208

24.16

US6687711084

Sale

197

24.21

US6687711084

Sale

10

24.25

US6687711084

Sale

6

24.65

US6687711084

Sale

300

24.62

US6687711084

Sale

162

24.48

US6687711084

Sale

400

24.45

US6687711084

Sale

120

24.35

US6687711084

Sale

50

24.59

US6687711084

Sale

62

24.57

US6687711084

Sale

1,030

24.61

US6687711084

Sale

30

24.36

US6687711084

Purchase

60

24.72

US6687711084

Purchase

100

24.66

US6687711084

Purchase

404

24.71

US6687711084

Purchase

100

24.70

US6687711084

Purchase

100

24.43

US6687711084

Purchase

2

24.33

US6687711084

Purchase

78

24.34

US6687711084

Sale

8,726

24.34

US6687711084

Purchase

4

24.29

US6687711084

Purchase

200

24.30

US6687711084

Purchase

1,541

24.28

US6687711084

Purchase

600

24.27

US6687711084

Purchase

800

24.26

US6687711084

Purchase

100

24.24

US6687711084

Purchase

300

24.23

US6687711084

Purchase

1,102

24.22

US6687711084

Purchase

100

24.18

US6687711084

Purchase

20

24.19

US6687711084

Purchase

19

24.17

US6687711084

Purchase

93

24.13

US6687711084

Purchase

1

24.14

US6687711084

Purchase

44

24.11

US6687711084

Purchase

49

24.15

US6687711084

Purchase

100

24.16

US6687711084

Purchase

33

24.10

US6687711084

Purchase

20

24.09

US6687711084

Purchase

389

24.21

US6687711084

Purchase

1,111

24.25

US6687711084

Purchase

419

24.31

US6687711084

Purchase

1,591

24.32

US6687711084

Purchase

700

24.84

US6687711084

Purchase

100

24.65

US6687711084

Purchase

54

24.62

US6687711084

Purchase

100

24.48

US6687711084

Purchase

100

24.35

US6687711084

Purchase

100

24.54

US6687711084

Sale

247

24.72

US6687711084

Sale

500

24.68

US6687711084

Sale

3,001

24.67

US6687711084

Sale

933

24.66

US6687711084

Sale

100

24.71

US6687711084

Sale

102

24.70

US6687711084

Sale

237

24.73

US6687711084

Sale

115

24.74

US6687711084

Sale

1

24.75

US6687711084

Sale

300

24.64

US6687711084

Sale

100

24.60

US6687711084

Sale

732

24.33

US6687711084

Purchase

201

24.34

US6687711084

Sale

442

24.34

US6687711084

Purchase

300

24.27

US6687711084

Purchase

300

24.24

US6687711084

Purchase

200

24.23

US6687711084

Purchase

430

24.22

US6687711084

Purchase

4,233

24.20

US6687711084

Purchase

10,736

24.18

US6687711084

Purchase

7,292

24.19

US6687711084

Purchase

5,949

24.17

US6687711084

Purchase

1,761

24.13

US6687711084

Purchase

4,836

24.14

US6687711084

Purchase

641

24.12

US6687711084

Purchase

9,757

24.15

US6687711084

Purchase

21,191

24.16

US6687711084

Purchase

250

24.10

US6687711084

Purchase

1,830

24.21

US6687711084

Purchase

618

24.25

US6687711084

Purchase

200

24.31

US6687711084

Sale

169

24.65

US6687711084

Sale

2,717

24.69

US6687711084

Sale

4

24.35

US6687711084

Purchase

3,013

24.72

US6687711084

Sale

1,500

24.72

US6687711084

Purchase

700

24.68

US6687711084

Sale

18

24.68

US6687711084

Purchase

34

24.67

US6687711084

Sale

231

24.67

US6687711084

Purchase

100

24.66

US6687711084

Sale

71

24.66

US6687711084

Purchase

320

24.70

US6687711084

Sale

53

24.70

US6687711084

Purchase

100

24.74

US6687711084

Purchase

113

24.64

US6687711084

Purchase

877

24.60

US6687711084

Purchase

16

24.52

US6687711084

Purchase

15

24.50

US6687711084

Purchase

148

24.40

US6687711084

Purchase

157

24.42

US6687711084

Purchase

46

24.46

US6687711084

Purchase

25

24.41

US6687711084

Purchase

47

24.38

US6687711084

Sale

950

24.33

US6687711084

Purchase

8,591

24.34

US6687711084

Sale

1,382

24.34

US6687711084

Purchase

694

24.29

US6687711084

Sale

155

24.29

US6687711084

Purchase

817

24.30

US6687711084

Sale

48

24.30

US6687711084

Sale

80

24.27

US6687711084

Purchase

200

24.26

US6687711084

Sale

30

24.26

US6687711084

Sale

104

24.24

US6687711084

Purchase

49

24.23

US6687711084

Sale

806

24.23

US6687711084

Purchase

238

24.22

US6687711084

Sale

248

24.22

US6687711084

Purchase

230

24.20

US6687711084

Sale

29

24.20

US6687711084

Purchase

136

24.19

US6687711084

Sale

185

24.19

US6687711084

Purchase

39

24.17

US6687711084

Purchase

71

24.13

US6687711084

Purchase

117

24.14

US6687711084

Purchase

55

24.11

US6687711084

Purchase

151

24.15

US6687711084

Purchase

26

24.10

US6687711084

Purchase

236

24.21

US6687711084

Purchase

47

24.25

US6687711084

Sale

700

24.25

US6687711084

Sale

1,300

24.31

US6687711084

Purchase

36

24.32

US6687711084

Sale

1,490

24.32

US6687711084

Sale

10

24.65

US6687711084

Purchase

100

24.62

US6687711084

Purchase

100

24.63

US6687711084

Sale

63

24.69

US6687711084

Purchase

95

24.55

US6687711084

Purchase

309

24.39

US6687711084

Sale

44

24.35

US6687711084

Sale

6

24.72

US6687711084

Purchase

1

24.68

US6687711084

Sale

205

24.67

US6687711084

Purchase

1

24.66

US6687711084

Sale

20

24.47

US6687711084

Purchase

600

24.41

US6687711084

Sale

50

24.33

US6687711084

Purchase

391

24.34

US6687711084

Sale

51

24.34

US6687711084

Sale

72

24.29

US6687711084

Sale

36

24.30

US6687711084

Purchase

200

24.27

US6687711084

Sale

13

24.23

US6687711084

Sale

3

24.22

US6687711084

Purchase

2

24.20

US6687711084

Purchase

116

24.18

US6687711084

Purchase

12

24.19

US6687711084

Sale

116

24.19

US6687711084

Purchase

8

24.17

US6687711084

Sale

680

24.17

US6687711084

Purchase

36

24.13

US6687711084

Sale

5

24.13

US6687711084

Purchase

8

24.14

US6687711084

Sale

20

24.14

US6687711084

Purchase

4

24.12

US6687711084

Purchase

12

24.11

US6687711084

Sale

9

24.15

US6687711084

Purchase

300

24.16

US6687711084

Sale

22

24.16

US6687711084

Sale

200

24.21

US6687711084

Purchase

100

24.25

US6687711084

Sale

164

24.25

US6687711084

Purchase

169

24.32

US6687711084

Sale

45

24.32

US6687711084

Sale

348

24.63

US6687711084

Sale

96

24.69

US6687711084

Sale

15

24.55

US6687711084

Purchase

500

24.39

US6687711084

Sale

15

24.39

US6687711084

Sale

10

24.35

US6687711084

Sale

1,832

24.84

US6687711084

Purchase

176

24.72

US6687711084

Purchase

3,166

24.34

US6687711084

Purchase

1

24.30

US6687711084

Purchase

12

24.27

US6687711084

Purchase

3

24.26

US6687711084

Purchase

3

24.23

US6687711084

Purchase

9

24.22

US6687711084

Purchase

12

24.20

US6687711084

Purchase

6

24.18

US6687711084

Purchase

9

24.19

US6687711084

Purchase

2

24.17

US6687711084

Purchase

3

24.11

US6687711084

Purchase

18

24.15

US6687711084

Purchase

12

24.21

(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:

11th 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/20220811005484/en/

Contacts

Millennium Partners, L.P.