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

·8 min read

LONDON, June 30, 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

29thJune 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:

4,205,255

0.736%

241,658

0.042%

(2) Cash-settled derivatives:

1,080

0.000%

-

-

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

8,000

0.001%

-

-

TOTAL:

4,214,335

0.738%

241,658

0.042%

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

40

22.41

US6687711084

Sale

10

22.41

US6687711084

Purchase

457

22.34

US6687711084

Purchase

1,668

22.30

US6687711084

Sale

79

22.30

US6687711084

Purchase

33

22.31

US6687711084

Purchase

300

22.27

US6687711084

Purchase

139

22.38

US6687711084

Purchase

239

22.39

US6687711084

Purchase

72

22.37

US6687711084

Purchase

30

22.36

US6687711084

Purchase

537

22.35

US6687711084

Purchase

206

22.29

US6687711084

Purchase

153

22.24

US6687711084

Purchase

100

22.25

US6687711084

Purchase

4

22.26

US6687711084

Purchase

100

22.21

US6687711084

Purchase

233

22.23

US6687711084

Purchase

174

22.28

US6687711084

Purchase

206

22.32

US6687711084

Purchase

100

22.40

US6687711084

Purchase

500

22.43

US6687711084

Purchase

400

22.44

US6687711084

Purchase

200

22.34

US6687711084

Purchase

153

22.30

US6687711084

Purchase

50

22.39

US6687711084

Purchase

100

22.37

US6687711084

Purchase

881

22.35

US6687711084

Sale

2,514

22.41

US6687711084

Sale

20,366

22.34

US6687711084

Sale

30,605

22.30

US6687711084

Sale

9,430

22.31

US6687711084

Sale

5,188

22.27

US6687711084

Sale

36,674

22.38

US6687711084

Sale

12,433

22.39

US6687711084

Sale

14,981

22.37

US6687711084

Sale

3,654

22.36

US6687711084

Sale

1,894

22.35

US6687711084

Sale

800

22.33

US6687711084

Sale

27,098

22.29

US6687711084

Sale

7,878

22.24

US6687711084

Sale

1,878

22.25

US6687711084

Sale

909

22.22

US6687711084

Sale

29,730

22.26

US6687711084

Sale

100

22.21

US6687711084

Sale

325

22.23

US6687711084

Sale

39,139

22.28

US6687711084

Sale

1

22.20

US6687711084

Sale

602

22.32

US6687711084

Sale

100

22.42

US6687711084

Sale

1,300

22.46

US6687711084

Sale

909

22.40

US6687711084

Sale

2,323

22.43

US6687711084

Sale

100

22.48

US6687711084

Sale

200

22.47

US6687711084

Sale

610

22.49

US6687711084

Sale

202

22.50

US6687711084

Sale

31

22.45

US6687711084

Sale

200

22.44

US6687711084

Sale

1,421

22.41

US6687711084

Sale

1,858

22.34

US6687711084

Purchase

9,744

22.30

US6687711084

Sale

1,057

22.30

US6687711084

Sale

1,989

22.31

US6687711084

Purchase

4

22.27

US6687711084

Sale

3,629

22.27

US6687711084

Sale

2,293

22.38

US6687711084

Sale

6,291

22.39

US6687711084

Sale

379

22.37

US6687711084

Sale

147

22.36

US6687711084

Sale

8,265

22.35

US6687711084

Sale

3,238

22.33

US6687711084

Purchase

2

22.29

US6687711084

Sale

129

22.29

US6687711084

Purchase

5

22.24

US6687711084

Sale

1,495

22.24

US6687711084

Purchase

12

22.25

US6687711084

Sale

532

22.25

US6687711084

Purchase

3

22.22

US6687711084

Sale

369

22.22

US6687711084

Purchase

304

22.26

US6687711084

Sale

2,387

22.26

US6687711084

Sale

49

22.21

US6687711084

Purchase

2

22.23

US6687711084

Sale

86

22.23

US6687711084

Purchase

12

22.28

US6687711084

Sale

6,372

22.28

US6687711084

Sale

145

22.20

US6687711084

Sale

8

22.19

US6687711084

Sale

428

22.32

US6687711084

Sale

4

22.42

US6687711084

Purchase

100

22.46

US6687711084

Sale

500

22.46

US6687711084

Sale

38

22.40

US6687711084

Sale

538

22.43

US6687711084

Sale

5

22.48

US6687711084

Sale

80

22.49

US6687711084

Sale

4

22.45

US6687711084

Sale

336

22.44

US6687711084

Purchase

6

22.41

US6687711084

Sale

88

22.41

US6687711084

Sale

211

22.34

US6687711084

Sale

1,560

22.30

US6687711084

Sale

149

22.31

US6687711084

Purchase

4

22.27

US6687711084

Sale

13

22.27

US6687711084

Purchase

2

22.38

US6687711084

Sale

321

22.38

US6687711084

Sale

1,400

22.39

US6687711084

Purchase

6

22.37

US6687711084

Sale

307

22.37

US6687711084

Purchase

1

22.36

US6687711084

Sale

241

22.36

US6687711084

Purchase

1

22.35

US6687711084

Sale

201

22.35

US6687711084

Purchase

1

22.33

US6687711084

Sale

941

22.33

US6687711084

Sale

105

22.29

US6687711084

Purchase

4

22.24

US6687711084

Sale

645

22.24

US6687711084

Purchase

5

22.25

US6687711084

Sale

217

22.25

US6687711084

Purchase

1

22.26

US6687711084

Sale

304

22.26

US6687711084

Purchase

61

22.23

US6687711084

Sale

205

22.23

US6687711084

Sale

140

22.28

US6687711084

Sale

356

22.32

US6687711084

Sale

52

22.42

US6687711084

Purchase

1

22.40

US6687711084

Sale

247

22.40

US6687711084

Sale

26

22.47

US6687711084

Sale

13

22.49

US6687711084

Sale

834

22.44

US6687711084

Purchase

79

22.30

US6687711084

Sale

1,348

22.30

US6687711084

Purchase

27

22.38

US6687711084

Purchase

1

22.33

US6687711084

Purchase

106

22.40

US6687711084

Purchase

100

22.47

(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:

30th June 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

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/20220630005523/en/

Contacts

Millennium Partners, L.P.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting