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

·10-min read

LONDON, May 16, 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

13th 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:

3,156,155

0.543%

243,905

0.042%

(2) Cash-settled derivatives:

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

8,000

0.001%

100,000

0.017%

TOTAL:

3,164,155

0.544%

343,905

0.059%

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

45

24.02

US6687711084

Purchase

1,158

24.01

US6687711084

Purchase

293

24.03

US6687711084

Purchase

100

24.00

US6687711084

Sale

136

24.00

US6687711084

Purchase

125

24.04

US6687711084

Purchase

160,322

23.95

US6687711084

Purchase

2,175

24.05

US6687711084

Purchase

13

23.99

US6687711084

Purchase

272

24.10

US6687711084

Purchase

213

24.12

US6687711084

Purchase

100

24.13

US6687711084

Purchase

18

24.08

US6687711084

Purchase

209

24.14

US6687711084

Purchase

191

24.15

US6687711084

Purchase

100

24.16

US6687711084

Purchase

114

24.19

US6687711084

Purchase

2,123

24.18

US6687711084

Purchase

6,401

24.21

US6687711084

Purchase

762

24.27

US6687711084

Sale

200

24.27

US6687711084

Purchase

428

24.24

US6687711084

Purchase

1,300

24.23

US6687711084

Purchase

4,017

24.25

US6687711084

Purchase

431

24.29

US6687711084

Purchase

1,800

24.26

US6687711084

Purchase

12

24.30

US6687711084

Purchase

485

24.22

US6687711084

Purchase

186

24.32

US6687711084

Purchase

100

24.28

US6687711084

Purchase

100

24.33

US6687711084

Purchase

100

24.31

US6687711084

Purchase

25

24.20

US6687711084

Purchase

200

24.09

US6687711084

Purchase

7,590

24.06

US6687711084

Purchase

914

24.02

US6687711084

Purchase

100

24.01

US6687711084

Purchase

100

23.92

US6687711084

Purchase

200

23.97

US6687711084

Purchase

100

23.91

US6687711084

Purchase

100

23.98

US6687711084

Purchase

300

23.87

US6687711084

Purchase

451

24.03

US6687711084

Purchase

100

24.04

US6687711084

Purchase

100

23.94

US6687711084

Purchase

157,994

23.95

US6687711084

Purchase

100

23.82

US6687711084

Purchase

765

24.05

US6687711084

Purchase

300

23.99

US6687711084

Purchase

2,505

24.10

US6687711084

Purchase

200

24.12

US6687711084

Purchase

500

24.13

US6687711084

Purchase

664

24.08

US6687711084

Purchase

300

24.14

US6687711084

Purchase

519

24.15

US6687711084

Purchase

100

24.19

US6687711084

Purchase

100

24.18

US6687711084

Purchase

200

24.21

US6687711084

Purchase

100

24.23

US6687711084

Purchase

504

24.25

US6687711084

Purchase

1,000

24.26

US6687711084

Purchase

1,966

24.09

US6687711084

Purchase

1,438

24.06

US6687711084

Purchase

9

23.85

US6687711084

Purchase

3,033

24.02

US6687711084

Purchase

1,000

24.01

US6687711084

Purchase

8,636

24.11

US6687711084

Purchase

133

23.92

US6687711084

Purchase

7,447

23.97

US6687711084

Purchase

1,145

23.89

US6687711084

Purchase

300

23.84

US6687711084

Purchase

100

23.91

US6687711084

Purchase

349

23.96

US6687711084

Purchase

462

23.98

US6687711084

Purchase

701

23.87

US6687711084

Purchase

730

24.03

US6687711084

Purchase

439

24.00

US6687711084

Purchase

6,283

24.04

US6687711084

Purchase

202

23.94

US6687711084

Purchase

1,295

23.93

US6687711084

Purchase

389

23.88

US6687711084

Purchase

17,919

23.95

US6687711084

Purchase

2,830

24.05

US6687711084

Purchase

600

23.99

US6687711084

Purchase

3,015

24.10

US6687711084

Purchase

41,621

24.07

US6687711084

Purchase

4,321

24.12

US6687711084

Purchase

1,625

24.13

US6687711084

Purchase

7,230

24.08

US6687711084

Purchase

2,281

24.14

US6687711084

Purchase

1,391

24.15

US6687711084

Purchase

2,610

24.16

US6687711084

Purchase

41,847

24.19

US6687711084

Purchase

15,033

24.18

US6687711084

Purchase

7,793

24.21

US6687711084

Purchase

545

24.27

US6687711084

Purchase

2,585

24.24

US6687711084

Purchase

400

24.17

US6687711084

Purchase

1,304

24.23

US6687711084

Purchase

1,220

24.25

US6687711084

Purchase

366

24.29

US6687711084

Purchase

1,470

24.26

US6687711084

Purchase

200

24.30

US6687711084

Purchase

14,984

24.22

US6687711084

Purchase

5

24.32

US6687711084

Purchase

83

24.28

US6687711084

Purchase

67

24.33

US6687711084

Purchase

578

24.31

US6687711084

Purchase

100

24.34

US6687711084

Purchase

5,937

24.20

US6687711084

Purchase

7,443

24.09

US6687711084

Purchase

1,689

24.06

US6687711084

Purchase

994

23.85

US6687711084

Purchase

1,239

24.02

US6687711084

Purchase

1,216

24.01

US6687711084

Purchase

1,001

24.11

US6687711084

Sale

500

24.11

US6687711084

Purchase

100

23.90

US6687711084

Purchase

431

23.92

US6687711084

Sale

300

23.92

US6687711084

Purchase

300

23.97

US6687711084

Sale

119

23.97

US6687711084

Purchase

100

23.91

US6687711084

Sale

100

23.96

US6687711084

Purchase

100

23.87

US6687711084

Purchase

1,201

24.03

US6687711084

Purchase

200

24.00

US6687711084

Sale

400

24.00

US6687711084

Purchase

2,108

24.04

US6687711084

Sale

196

24.04

US6687711084

Sale

161

23.94

US6687711084

Sale

5

23.93

US6687711084

Purchase

21

23.88

US6687711084

Purchase

61,263

23.95

US6687711084

Sale

11,800

23.95

US6687711084

Purchase

200

23.86

US6687711084

Purchase

1,464

24.05

US6687711084

Purchase

300

23.99

US6687711084

Sale

183

23.99

US6687711084

Purchase

2,000

24.10

US6687711084

Sale

72

24.10

US6687711084

Purchase

607

24.07

US6687711084

Sale

100

24.07

US6687711084

Purchase

200

24.12

US6687711084

Purchase

419

24.13

US6687711084

Purchase

2,511

24.08

US6687711084

Sale

100

24.08

US6687711084

Purchase

520

24.14

US6687711084

Purchase

303

24.15

US6687711084

Purchase

300

24.16

US6687711084

Purchase

2,401

24.19

US6687711084

Purchase

1,000

24.18

US6687711084

Purchase

3,938

24.21

US6687711084

Sale

708

24.21

US6687711084

Purchase

218

24.27

US6687711084

Purchase

934

24.24

US6687711084

Purchase

295

24.17

US6687711084

Purchase

3,087

24.23

US6687711084

Sale

208

24.23

US6687711084

Purchase

885

24.25

US6687711084

Purchase

1,000

24.29

US6687711084

Purchase

604

24.26

US6687711084

Purchase

100

24.30

US6687711084

Sale

100

24.30

US6687711084

Purchase

1,824

24.22

US6687711084

Sale

2,936

24.22

US6687711084

Purchase

300

24.28

US6687711084

Purchase

300

24.31

US6687711084

Purchase

200

24.34

US6687711084

Purchase

400

24.20

US6687711084

Sale

1,329

24.20

US6687711084

Purchase

1

24.09

US6687711084

Purchase

4,970

24.06

US6687711084

Sale

1,100

24.06

US6687711084

Purchase

18

23.85

US6687711084

Purchase

1,504

24.02

US6687711084

Purchase

250

24.01

US6687711084

Sale

16

24.01

US6687711084

Purchase

321

24.11

US6687711084

Sale

7

24.11

US6687711084

Purchase

668

24.03

US6687711084

Sale

33

24.03

US6687711084

Purchase

202

24.00

US6687711084

Purchase

1,087

24.04

US6687711084

Sale

164

24.04

US6687711084

Purchase

200

23.95

US6687711084

Purchase

12,153

24.05

US6687711084

Sale

520

24.05

US6687711084

Purchase

10

23.99

US6687711084

Purchase

200

24.10

US6687711084

Purchase

119

24.07

US6687711084

Purchase

100

24.12

US6687711084

Purchase

223

24.13

US6687711084

Sale

300

24.13

US6687711084

Purchase

5,886

24.08

US6687711084

Purchase

170

24.14

US6687711084

Purchase

600

24.15

US6687711084

Purchase

300

24.16

US6687711084

Purchase

1,543

24.19

US6687711084

Sale

42

24.19

US6687711084

Purchase

1,319

24.18

US6687711084

Sale

702

24.18

US6687711084

Purchase

39

24.21

US6687711084

Sale

170

24.21

US6687711084

Purchase

443

24.27

US6687711084

Purchase

11,718

24.24

US6687711084

Sale

202

24.24

US6687711084

Purchase

1,730

24.17

US6687711084

Sale

753

24.17

US6687711084

Purchase

5,560

24.23

US6687711084

Sale

76

24.23

US6687711084

Purchase

10

24.29

US6687711084

Purchase

384

24.26

US6687711084

Purchase

343

24.30

US6687711084

Sale

33

24.30

US6687711084

Purchase

45

24.22

US6687711084

Purchase

1,390

24.20

US6687711084

Sale

290

24.20

US6687711084

Purchase

1,200

24.09

US6687711084

Sale

700

24.09

US6687711084

Purchase

11,293

24.06

US6687711084

Sale

15

24.02

US6687711084

Sale

109

24.11

US6687711084

Purchase

2,625

23.95

US6687711084

Sale

30

24.10

US6687711084

Sale

15

24.14

US6687711084

Sale

131

24.15

US6687711084

Purchase

8

24.21

US6687711084

Purchase

17

24.24

US6687711084

Purchase

3

24.25

US6687711084

Purchase

2

24.26

US6687711084

Purchase

2

24.31

US6687711084

Purchase

12

24.20

(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:

16th 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/20220516005711/en/

Contacts

Millennium Partners, L.P.

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