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

·9 min read

LONDON, September 05, 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

2nd September 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:

883,549

0.155%

1,812,974

0.317%

(2) Cash-settled derivatives:

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

9,800

0.002%

1,800

0.000%

TOTAL:

893,349

0.156%

1,814,774

0.317%

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

12

22.72

US6687711084

Sale

66

22.72

US6687711084

Purchase

80

22.78

US6687711084

Sale

604

22.98

US6687711084

Sale

360

22.87

US6687711084

Purchase

480

22.77

US6687711084

Purchase

2,810

22.79

US6687711084

Sale

160

22.88

US6687711084

Sale

1,520

22.89

US6687711084

Sale

446

22.90

US6687711084

Sale

624

22.83

US6687711084

Sale

2,611

22.85

US6687711084

Purchase

17

22.72

US6687711084

Sale

863

22.72

US6687711084

Sale

100

22.78

US6687711084

Sale

1,276

22.75

US6687711084

Purchase

174

22.98

US6687711084

Purchase

200

22.87

US6687711084

Sale

85

22.87

US6687711084

Sale

246

22.77

US6687711084

Purchase

129

22.88

US6687711084

Purchase

1,329

22.90

US6687711084

Sale

400

22.90

US6687711084

Sale

179

22.83

US6687711084

Purchase

43

22.85

US6687711084

Sale

100

22.67

US6687711084

Sale

100

22.70

US6687711084

Sale

276

22.73

US6687711084

Sale

846

22.74

US6687711084

Sale

100

22.64

US6687711084

Sale

100

22.69

US6687711084

Sale

144

22.66

US6687711084

Sale

100

22.76

US6687711084

Purchase

100

22.54

US6687711084

Purchase

18

22.53

US6687711084

Purchase

300

22.61

US6687711084

Purchase

8,982

22.63

US6687711084

Purchase

600

22.65

US6687711084

Sale

1,500

22.71

US6687711084

Purchase

1,161

22.84

US6687711084

Sale

598

22.84

US6687711084

Purchase

148

22.86

US6687711084

Purchase

127

22.91

US6687711084

Sale

300

22.91

US6687711084

Purchase

2,199

22.92

US6687711084

Sale

2,300

22.93

US6687711084

Sale

1,037

22.94

US6687711084

Purchase

369

22.96

US6687711084

Purchase

143

22.99

US6687711084

Purchase

418

22.95

US6687711084

Sale

200

22.95

US6687711084

Purchase

143

23.02

US6687711084

Sale

159

23.05

US6687711084

Sale

100

23.07

US6687711084

Purchase

14

22.72

US6687711084

Sale

500

22.72

US6687711084

Purchase

14

22.78

US6687711084

Purchase

109

22.75

US6687711084

Sale

9

22.98

US6687711084

Purchase

14

22.81

US6687711084

Purchase

14

22.77

US6687711084

Sale

100

22.77

US6687711084

Purchase

14

22.79

US6687711084

Sale

100

22.70

US6687711084

Purchase

62

22.73

US6687711084

Sale

155

22.73

US6687711084

Sale

45

22.68

US6687711084

Purchase

14

22.74

US6687711084

Sale

262

22.74

US6687711084

Sale

500

22.69

US6687711084

Sale

217

22.71

US6687711084

Purchase

14

22.80

US6687711084

Purchase

2,672

22.84

US6687711084

Purchase

14

22.86

US6687711084

Sale

145

22.91

US6687711084

Sale

119

22.93

US6687711084

Sale

19

22.96

US6687711084

Sale

28

23.05

US6687711084

Purchase

207

22.72

US6687711084

Sale

1,060

22.72

US6687711084

Sale

200

22.78

US6687711084

Purchase

14

22.75

US6687711084

Sale

2,347

22.75

US6687711084

Sale

400

22.98

US6687711084

Sale

320

22.87

US6687711084

Purchase

44

22.77

US6687711084

Sale

829

22.77

US6687711084

Sale

938

22.88

US6687711084

Sale

14,029

22.89

US6687711084

Sale

273

22.90

US6687711084

Sale

1,509

22.83

US6687711084

Sale

501

22.85

US6687711084

Sale

146

22.70

US6687711084

Sale

2,051

22.73

US6687711084

Sale

346

22.68

US6687711084

Purchase

107

22.74

US6687711084

Sale

9,812

22.74

US6687711084

Sale

770

22.66

US6687711084

Sale

106

22.62

US6687711084

Sale

2,326

22.76

US6687711084

Purchase

18

22.71

US6687711084

Sale

1,109

22.71

US6687711084

Purchase

10

22.80

US6687711084

Sale

403

22.80

US6687711084

Sale

491

22.84

US6687711084

Sale

417

22.86

US6687711084

Sale

240

22.91

US6687711084

Sale

1,789

22.92

US6687711084

Sale

300

22.93

US6687711084

Sale

200

22.94

US6687711084

Sale

311

22.96

US6687711084

Sale

957

22.99

US6687711084

Sale

534

23.00

US6687711084

Sale

3,050

22.95

US6687711084

Sale

1,030

22.97

US6687711084

Sale

100

23.02

US6687711084

Sale

700

23.01

US6687711084

Sale

200

23.05

US6687711084

Sale

20

23.06

US6687711084

Purchase

306

22.72

US6687711084

Sale

3,697

22.72

US6687711084

Sale

1,410

22.78

US6687711084

Sale

4,280

22.75

US6687711084

Sale

3,928

22.98

US6687711084

Sale

154

22.87

US6687711084

Sale

356

22.81

US6687711084

Sale

114

22.77

US6687711084

Sale

355

22.79

US6687711084

Sale

100

22.88

US6687711084

Sale

628

22.89

US6687711084

Sale

10

22.90

US6687711084

Sale

2,840

22.83

US6687711084

Sale

1,814

22.85

US6687711084

Sale

100

22.67

US6687711084

Sale

609

22.70

US6687711084

Purchase

300

22.73

US6687711084

Sale

1,987

22.73

US6687711084

Sale

417

22.68

US6687711084

Sale

4,928

22.74

US6687711084

Purchase

100

22.64

US6687711084

Sale

200

22.69

US6687711084

Sale

6

22.66

US6687711084

Sale

1,506

22.76

US6687711084

Purchase

191

22.65

US6687711084

Sale

926

22.71

US6687711084

Sale

129

22.80

US6687711084

Purchase

8,986

22.84

US6687711084

Sale

11,548

22.84

US6687711084

Sale

464

22.86

US6687711084

Sale

13

22.82

US6687711084

Sale

363

22.91

US6687711084

Sale

786

22.92

US6687711084

Sale

932

22.93

US6687711084

Sale

713

22.94

US6687711084

Sale

3,259

22.96

US6687711084

Sale

874

22.99

US6687711084

Sale

263

23.00

US6687711084

Sale

2,126

22.95

US6687711084

Sale

5,457

22.97

US6687711084

Sale

1,394

23.02

US6687711084

Sale

1,125

23.01

US6687711084

Sale

210

23.03

US6687711084

Sale

106

23.04

US6687711084

Sale

317

23.05

US6687711084

Sale

377

23.06

US6687711084

Sale

67

23.07

US6687711084

Sale

100

23.09

US6687711084

Sale

1,106

22.72

US6687711084

Sale

300

22.78

US6687711084

Sale

20

22.98

US6687711084

Sale

100

22.87

US6687711084

Sale

100

22.79

US6687711084

Sale

300

22.90

US6687711084

Sale

16

22.67

US6687711084

Sale

210

22.70

US6687711084

Sale

43

22.73

US6687711084

Sale

100

22.68

US6687711084

Sale

1,900

22.74

US6687711084

Sale

200

22.76

US6687711084

Sale

207

22.71

US6687711084

Sale

2

22.80

US6687711084

Sale

1,138

22.84

US6687711084

Sale

134

22.91

US6687711084

Purchase

5

22.93

US6687711084

Sale

100

22.96

US6687711084

Sale

9

22.99

US6687711084

Sale

2

23.00

US6687711084

Sale

3

23.01

US6687711084

Sale

19

23.04

US6687711084

Purchase

74

22.73

US6687711084

Purchase

115

22.74

US6687711084

Purchase

11

22.71

US6687711084

Sale

3,541

22.84

(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:

5th September 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

Written

1,800

23.00

American

18/11/2022

US6687711084

Put Option

Purchased

1,800

23.00

American

18/11/2022

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/20220905005309/en/

Contacts

Millennium Partners, L.P.