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

LONDON--()-- 

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

 

16th 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:

 

3,627,769

 

0.624%

 

209,677

 

0.036%

(2) Cash-settled derivatives:

 

 

 

 

 

 

 

 

 

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

 

8,000

 

0.001%

 

100,000

 

0.017%

 

TOTAL:

 

3,635,769

 

0.625%

 

309,677

 

0.053%

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

997

24.05

US6687711084

Purchase

900

23.97

US6687711084

Purchase

100

24.00

US6687711084

Purchase

100

24.09

US6687711084

Sale

400

24.09

US6687711084

Sale

200

24.08

US6687711084

Purchase

2,066

23.94

US6687711084

Purchase

1,365

23.96

US6687711084

Purchase

6

24.11

US6687711084

Sale

700

24.11

US6687711084

Purchase

200

24.01

US6687711084

Purchase

584

23.95

US6687711084

Purchase

100

24.07

US6687711084

Purchase

500

24.12

US6687711084

Purchase

743

24.03

US6687711084

Sale

591

24.16

US6687711084

Purchase

400

24.06

US6687711084

Sale

100

24.06

US6687711084

Sale

539

24.19

US6687711084

Purchase

500

24.02

US6687711084

Purchase

1,098

24.04

US6687711084

Sale

220

24.18

US6687711084

Sale

275

24.17

US6687711084

Purchase

500

24.10

US6687711084

Sale

421

24.15

US6687711084

Purchase

900

23.92

US6687711084

Purchase

500

23.90

US6687711084

Purchase

1,363

23.93

US6687711084

Purchase

300

23.91

US6687711084

Purchase

25

23.89

US6687711084

Purchase

1,090

24.05

US6687711084

Purchase

12,164

23.97

US6687711084

Purchase

2,828

24.00

US6687711084

Purchase

359

24.31

US6687711084

Purchase

5,630

24.09

US6687711084

Purchase

1,007

23.98

US6687711084

Purchase

394

24.08

US6687711084

Purchase

3,665

23.94

US6687711084

Purchase

3,209

23.96

US6687711084

Purchase

4,244

24.11

US6687711084

Purchase

1,404

24.01

US6687711084

Purchase

3,090

23.95

US6687711084

Purchase

288

23.99

US6687711084

Purchase

1,477

24.07

US6687711084

Purchase

1,870

24.12

US6687711084

Purchase

774

24.13

US6687711084

Purchase

1,357

24.23

US6687711084

Purchase

4,047

24.14

US6687711084

Purchase

4,419

24.03

US6687711084

Purchase

380

24.16

US6687711084

Purchase

2,972

24.06

US6687711084

Purchase

2,947

24.19

US6687711084

Purchase

382

24.02

US6687711084

Purchase

1,416

24.04

US6687711084

Purchase

358

24.29

US6687711084

Purchase

9,105

24.17

US6687711084

Purchase

4,454

24.10

US6687711084

Purchase

2,668

24.22

US6687711084

Purchase

813

24.28

US6687711084

Purchase

1,074

23.92

US6687711084

Purchase

560

23.90

US6687711084

Purchase

4,822

23.93

US6687711084

Sale

12

23.93

US6687711084

Purchase

2,454

23.91

US6687711084

Purchase

328

23.87

US6687711084

Purchase

2,364

24.05

US6687711084

Purchase

38,645

23.97

US6687711084

Purchase

5,220

24.00

US6687711084

Purchase

200

24.31

US6687711084

Purchase

1,668

24.09

US6687711084

Purchase

14,484

23.98

US6687711084

Purchase

4,515

24.08

US6687711084

Purchase

15,479

23.94

US6687711084

Purchase

1,328

23.96

US6687711084

Purchase

5,871

24.11

US6687711084

Purchase

5,041

24.01

US6687711084

Purchase

6,010

23.95

US6687711084

Purchase

41,971

23.99

US6687711084

Purchase

4,423

24.07

US6687711084

Purchase

69,005

24.12

US6687711084

Purchase

190

24.13

US6687711084

Purchase

100

24.23

US6687711084

Purchase

3,073

24.14

US6687711084

Purchase

3,098

24.03

US6687711084

Purchase

3,800

24.16

US6687711084

Purchase

11,874

24.06

US6687711084

Purchase

100

24.19

US6687711084

Purchase

150

24.20

US6687711084

Purchase

1,111

24.02

US6687711084

Purchase

1,749

24.04

US6687711084

Purchase

300

24.21

US6687711084

Purchase

297

24.29

US6687711084

Purchase

200

24.18

US6687711084

Purchase

559

24.17

US6687711084

Purchase

200

24.30

US6687711084

Purchase

9,738

24.10

US6687711084

Purchase

200

24.24

US6687711084

Purchase

200

24.25

US6687711084

Purchase

100

24.22

US6687711084

Purchase

1,200

24.15

US6687711084

Purchase

200

24.28

US6687711084

Purchase

103

24.26

US6687711084

Purchase

5,838

23.92

US6687711084

Purchase

655

23.90

US6687711084

Purchase

43,693

23.93

US6687711084

Purchase

977

23.91

US6687711084

Purchase

608

23.89

US6687711084

Purchase

902

24.05

US6687711084

Sale

314

24.05

US6687711084

Purchase

34

23.97

US6687711084

Sale

200

23.97

US6687711084

Purchase

232

24.00

US6687711084

Purchase

58

24.31

US6687711084

Purchase

271

24.09

US6687711084

Sale

86

24.09

US6687711084

Purchase

1,659

23.98

US6687711084

Purchase

669

24.08

US6687711084

Sale

300

24.08

US6687711084

Purchase

253

23.94

US6687711084

Sale

47

23.96

US6687711084

Purchase

5,522

24.11

US6687711084

Purchase

3,431

24.01

US6687711084

Purchase

10

23.95

US6687711084

Purchase

536

23.99

US6687711084

Purchase

530

24.07

US6687711084

Purchase

78

24.12

US6687711084

Purchase

60

24.13

US6687711084

Purchase

698

24.23

US6687711084

Purchase

377

24.14

US6687711084

Purchase

509

24.03

US6687711084

Purchase

8

24.16

US6687711084

Purchase

821

24.06

US6687711084

Purchase

684

24.19

US6687711084

Purchase

128

24.20

US6687711084

Purchase

66

24.02

US6687711084

Purchase

1,192

24.04

US6687711084

Purchase

146

24.29

US6687711084

Purchase

227

24.18

US6687711084

Purchase

100

24.30

US6687711084

Purchase

1,496

24.10

US6687711084

Purchase

100

24.22

US6687711084

Purchase

46

24.15

US6687711084

Purchase

14

24.32

US6687711084

Purchase

500

23.92

US6687711084

Purchase

56,323

23.93

US6687711084

Sale

200

23.93

US6687711084

Purchase

13

23.91

US6687711084

Sale

500

23.91

US6687711084

Purchase

600

23.88

US6687711084

Sale

300

23.88

US6687711084

Purchase

48

24.05

US6687711084

Purchase

1,705

23.97

US6687711084

Purchase

197

24.00

US6687711084

Sale

10

24.00

US6687711084

Purchase

549

24.31

US6687711084

Purchase

2,491

24.09

US6687711084

Purchase

2,588

23.98

US6687711084

Sale

100

23.98

US6687711084

Purchase

4,340

24.08

US6687711084

Sale

5

24.08

US6687711084

Purchase

336

23.94

US6687711084

Sale

3

23.94

US6687711084

Purchase

17

23.96

US6687711084

Sale

41

24.11

US6687711084

Purchase

343

24.01

US6687711084

Sale

15

24.01

US6687711084

Purchase

1,734

23.95

US6687711084

Purchase

498

23.99

US6687711084

Sale

33

23.99

US6687711084

Purchase

210

24.07

US6687711084

Purchase

1,090

24.12

US6687711084

Purchase

382

24.13

US6687711084

Purchase

19

24.23

US6687711084

Purchase

18

24.14

US6687711084

Purchase

700

24.03

US6687711084

Purchase

2,931

24.06

US6687711084

Purchase

950

24.19

US6687711084

Purchase

495

24.20

US6687711084

Sale

550

24.20

US6687711084

Purchase

800

24.02

US6687711084

Purchase

736

24.04

US6687711084

Sale

5

24.04

US6687711084

Purchase

419

24.29

US6687711084

Sale

10

24.17

US6687711084

Purchase

5

24.30

US6687711084

Purchase

378

24.24

US6687711084

Purchase

9

24.27

US6687711084

Purchase

28

24.25

US6687711084

Purchase

100

24.15

US6687711084

Purchase

7

24.32

US6687711084

Purchase

649

24.28

US6687711084

Purchase

64

24.26

US6687711084

Purchase

15

24.34

US6687711084

Purchase

1,192

23.92

US6687711084

Purchase

498

23.90

US6687711084

Purchase

838

23.93

US6687711084

Purchase

5

23.91

US6687711084

Purchase

2

23.88

US6687711084

Purchase

4

23.87

US6687711084

Sale

12

24.05

US6687711084

Sale

7

23.97

US6687711084

Sale

29

24.08

US6687711084

Sale

73

23.94

US6687711084

Sale

36

23.96

US6687711084

Sale

2

24.11

US6687711084

Sale

7

24.01

US6687711084

Sale

15

23.95

US6687711084

Sale

3

23.99

US6687711084

Sale

20

24.07

US6687711084

Sale

5

24.03

US6687711084

Sale

5

24.16

US6687711084

Sale

100

24.19

US6687711084

Sale

22

24.04

US6687711084

Sale

441

24.17

US6687711084

Sale

20

24.10

US6687711084

Sale

200

24.27

US6687711084

Sale

300

24.25

US6687711084

Sale

47

24.15

US6687711084

Sale

22

24.26

US6687711084

Sale

58

24.34

US6687711084

Sale

6

23.92

US6687711084

Sale

100

24.35

US6687711084

Purchase

69

23.93

US6687711084

Sale

5

23.93

US6687711084

Sale

31

23.91

(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:

 

17th 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

Category Code: RET
Sequence Number: 854702
Time of Receipt (offset from UTC): 20220517T142920+0100

Contacts

Millennium Partners, L.P.

Contacts

Millennium Partners, L.P.