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

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LONDON, June 28, 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

27thJune 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:

4,707,495

0.824%

212,772

0.037%

(2) Cash-settled derivatives:

1,080

0.000%

-

-

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

8,000

0.001%

-

-

TOTAL:

4,716,575

0.825%

212,772

0.037%

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

100

22.50

US6687711084

Sale

12

22.50

US6687711084

Purchase

1,190

22.66

US6687711084

Sale

18

22.66

US6687711084

Purchase

505

22.69

US6687711084

Sale

187

22.69

US6687711084

Purchase

1

22.52

US6687711084

Sale

6

22.52

US6687711084

Sale

218

22.57

US6687711084

Sale

300

22.58

US6687711084

Purchase

10

22.51

US6687711084

Purchase

10

22.48

US6687711084

Purchase

247

22.56

US6687711084

Purchase

3

22.60

US6687711084

Purchase

100

22.59

US6687711084

Sale

100

22.59

US6687711084

Purchase

1,055

22.65

US6687711084

Sale

100

22.65

US6687711084

Purchase

352

22.61

US6687711084

Sale

36

22.61

US6687711084

Purchase

3

22.63

US6687711084

Purchase

350

22.68

US6687711084

Sale

12

22.68

US6687711084

Sale

30

22.70

US6687711084

Purchase

100

22.74

US6687711084

Purchase

104

22.76

US6687711084

Sale

6

22.75

US6687711084

Purchase

100

22.73

US6687711084

Sale

6

22.73

US6687711084

Purchase

421

22.71

US6687711084

Sale

30

22.71

US6687711084

Purchase

52

22.72

US6687711084

Purchase

410

22.64

US6687711084

Purchase

20

22.62

US6687711084

Sale

18

22.62

US6687711084

Purchase

7

22.50

US6687711084

Purchase

4

22.66

US6687711084

Purchase

16,825

22.69

US6687711084

Purchase

7

22.46

US6687711084

Purchase

100

22.55

US6687711084

Purchase

100

22.57

US6687711084

Purchase

2

22.56

US6687711084

Purchase

6

22.65

US6687711084

Purchase

108

22.50

US6687711084

Sale

704

22.50

US6687711084

Purchase

9,900

22.66

US6687711084

Purchase

25,229

22.67

US6687711084

Purchase

10,552

22.69

US6687711084

Purchase

900

22.55

US6687711084

Sale

1,823

22.55

US6687711084

Purchase

2,800

22.52

US6687711084

Sale

513

22.57

US6687711084

Purchase

995

22.58

US6687711084

Sale

4,502

22.58

US6687711084

Purchase

1,270

22.54

US6687711084

Purchase

9,485

22.51

US6687711084

Purchase

2,046

22.48

US6687711084

Purchase

737

22.49

US6687711084

Purchase

800

22.53

US6687711084

Purchase

200

22.56

US6687711084

Sale

832

22.56

US6687711084

Purchase

700

22.60

US6687711084

Purchase

930

22.59

US6687711084

Sale

326

22.59

US6687711084

Purchase

1,747

22.65

US6687711084

Sale

100

22.65

US6687711084

Purchase

2,014

22.61

US6687711084

Purchase

12,630

22.63

US6687711084

Purchase

5,306

22.68

US6687711084

Purchase

16,004

22.70

US6687711084

Purchase

586

22.74

US6687711084

Purchase

400

22.78

US6687711084

Purchase

200

22.75

US6687711084

Purchase

900

22.73

US6687711084

Purchase

6,784

22.71

US6687711084

Purchase

1,403

22.72

US6687711084

Purchase

8,018

22.64

US6687711084

Purchase

811

22.62

US6687711084

Purchase

503

22.50

US6687711084

Sale

272

22.50

US6687711084

Purchase

100

22.66

US6687711084

Sale

64

22.66

US6687711084

Purchase

100

22.67

US6687711084

Sale

153

22.67

US6687711084

Purchase

3,245

22.69

US6687711084

Sale

1,606

22.69

US6687711084

Purchase

800

22.46

US6687711084

Sale

98

22.46

US6687711084

Purchase

100

22.55

US6687711084

Sale

600

22.55

US6687711084

Purchase

278

22.52

US6687711084

Purchase

100

22.57

US6687711084

Sale

418

22.57

US6687711084

Sale

269

22.58

US6687711084

Purchase

429

22.47

US6687711084

Sale

200

22.47

US6687711084

Purchase

205

22.51

US6687711084

Purchase

422

22.48

US6687711084

Purchase

598

22.49

US6687711084

Purchase

59

22.53

US6687711084

Purchase

300

22.56

US6687711084

Sale

105

22.56

US6687711084

Purchase

73

22.45

US6687711084

Sale

33

22.60

US6687711084

Sale

324

22.59

US6687711084

Sale

218

22.61

US6687711084

Purchase

369

22.68

US6687711084

Sale

615

22.68

US6687711084

Purchase

300

22.70

US6687711084

Sale

804

22.70

US6687711084

Sale

110

22.77

US6687711084

Sale

10

22.73

US6687711084

Purchase

1

22.71

US6687711084

Sale

200

22.71

US6687711084

Sale

100

22.72

US6687711084

Sale

550

22.62

US6687711084

Sale

195

22.50

US6687711084

Purchase

808

22.66

US6687711084

Purchase

100

22.67

US6687711084

Purchase

2,726

22.69

US6687711084

Sale

510

22.55

US6687711084

Sale

5

22.58

US6687711084

Sale

200

22.51

US6687711084

Sale

100

22.48

US6687711084

Purchase

1

22.56

US6687711084

Sale

304

22.56

US6687711084

Purchase

168

22.60

US6687711084

Purchase

212

22.59

US6687711084

Purchase

500

22.65

US6687711084

Purchase

738

22.61

US6687711084

Purchase

2,361

22.63

US6687711084

Purchase

1,688

22.68

US6687711084

Purchase

1,011

22.70

US6687711084

Purchase

100

22.74

US6687711084

Purchase

190

22.73

US6687711084

Purchase

400

22.71

US6687711084

Purchase

100

22.72

US6687711084

Purchase

800

22.64

US6687711084

Purchase

1,192

22.69

US6687711084

Purchase

34

22.58

US6687711084

Purchase

14

22.60

US6687711084

Purchase

410

22.50

(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)

US6687711084

Equity Swap

Increasing a long position

410

22.50

(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:

28th 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/20220628005842/en/

Contacts

Millennium Partners, L.P.

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