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

LONDON--(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	27^th 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:	7,389,744	1.281%	195,576	0.034%
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	8,000	0.001%
TOTAL:	7,397,744	1.282%	195,576	0.034%

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	25.12
US6687711084	Purchase	59	25.11
US6687711084	Purchase	472	25.40
US6687711084	Sale	700	25.40
US6687711084	Purchase	100	25.46
US6687711084	Sale	18	25.46
US6687711084	Purchase	109	25.59
US6687711084	Purchase	100	25.54
US6687711084	Sale	100	25.42
US6687711084	Purchase	20	25.49
US6687711084	Purchase	56	25.60
US6687711084	Sale	1,000	25.39
US6687711084	Sale	575	25.27
US6687711084	Sale	4,849	25.19
US6687711084	Purchase	18	25.09
US6687711084	Sale	400	25.09
US6687711084	Sale	2,378	25.08
US6687711084	Purchase	400	25.07
US6687711084	Sale	500	25.07
US6687711084	Purchase	225	25.06
US6687711084	Sale	234	25.06
US6687711084	Sale	1,198	25.03
US6687711084	Sale	311	25.02
US6687711084	Sale	200	25.10
US6687711084	Sale	3,910	25.01
US6687711084	Sale	1,158	25.00
US6687711084	Purchase	1,976	25.05
US6687711084	Purchase	200	25.40
US6687711084	Purchase	7,125	25.46
US6687711084	Purchase	145	25.64
US6687711084	Purchase	107	25.59
US6687711084	Purchase	196	25.43
US6687711084	Purchase	700	25.69
US6687711084	Purchase	400	25.54
US6687711084	Purchase	33	25.57
US6687711084	Purchase	45	25.66
US6687711084	Purchase	4,600	25.48
US6687711084	Purchase	300	25.53
US6687711084	Purchase	200	25.60
US6687711084	Purchase	9,500	25.47
US6687711084	Purchase	13,826	25.50
US6687711084	Purchase	200	25.31
US6687711084	Purchase	4,298	25.52
US6687711084	Purchase	600	25.55
US6687711084	Purchase	1,500	25.45
US6687711084	Purchase	1,200	25.09
US6687711084	Purchase	1,394	25.08
US6687711084	Sale	18,102	25.08
US6687711084	Purchase	10,661	25.07
US6687711084	Purchase	6,683	25.06
US6687711084	Purchase	3,326	25.03
US6687711084	Purchase	142	25.02
US6687711084	Purchase	1,258	25.10
US6687711084	Purchase	32	25.58
US6687711084	Purchase	100	25.51
US6687711084	Purchase	1,499	25.01
US6687711084	Purchase	200	25.00
US6687711084	Purchase	976	24.99
US6687711084	Purchase	100	25.44
US6687711084	Purchase	1,001	25.05
US6687711084	Purchase	15,696	25.12
US6687711084	Purchase	3,136	25.11
US6687711084	Purchase	500	25.46
US6687711084	Purchase	100	25.43
US6687711084	Purchase	1,850	25.49
US6687711084	Purchase	200	25.66
US6687711084	Purchase	412	25.48
US6687711084	Purchase	100	25.55
US6687711084	Purchase	1,100	25.39
US6687711084	Purchase	100	25.68
US6687711084	Purchase	316	25.23
US6687711084	Purchase	502	25.20
US6687711084	Purchase	1,067	25.21
US6687711084	Purchase	2,905	25.19
US6687711084	Purchase	320	25.17
US6687711084	Purchase	2	25.18
US6687711084	Purchase	214	25.15
US6687711084	Purchase	114	25.13
US6687711084	Purchase	3,695	25.09
US6687711084	Sale	105	25.09
US6687711084	Purchase	4,993	25.08
US6687711084	Purchase	1,715	25.07
US6687711084	Purchase	300	25.06
US6687711084	Purchase	8,934	25.03
US6687711084	Purchase	978	25.02
US6687711084	Purchase	3,598	25.04
US6687711084	Purchase	147	25.10
US6687711084	Purchase	100	25.58
US6687711084	Purchase	1,660	25.16
US6687711084	Purchase	590	25.14
US6687711084	Purchase	2,822	25.01
US6687711084	Purchase	3,952	25.00
US6687711084	Purchase	100	24.99
US6687711084	Purchase	550	25.05
US6687711084	Sale	2	25.05
US6687711084	Purchase	543	25.12
US6687711084	Sale	500	25.12
US6687711084	Purchase	104	25.11
US6687711084	Purchase	500	25.40
US6687711084	Purchase	702	25.46
US6687711084	Purchase	104	25.64
US6687711084	Purchase	200	25.59
US6687711084	Purchase	100	25.63
US6687711084	Purchase	89	25.43
US6687711084	Sale	1,082	25.69
US6687711084	Purchase	388	25.57
US6687711084	Purchase	100	25.56
US6687711084	Purchase	200	25.42
US6687711084	Purchase	200	25.66
US6687711084	Purchase	65	25.48
US6687711084	Purchase	153	25.53
US6687711084	Sale	100	25.53
US6687711084	Sale	100	25.60
US6687711084	Purchase	69	25.50
US6687711084	Purchase	4	25.31
US6687711084	Sale	31	25.31
US6687711084	Purchase	300	25.52
US6687711084	Purchase	100	25.61
US6687711084	Purchase	260	25.45
US6687711084	Purchase	5	25.37
US6687711084	Purchase	1,300	25.39
US6687711084	Purchase	5	25.36
US6687711084	Sale	182	25.36
US6687711084	Sale	100	25.30
US6687711084	Purchase	300	25.32
US6687711084	Purchase	100	25.27
US6687711084	Sale	700	25.27
US6687711084	Sale	865	25.26
US6687711084	Sale	96	25.24
US6687711084	Purchase	1	25.33
US6687711084	Sale	400	25.33
US6687711084	Purchase	100	25.25
US6687711084	Sale	1,000	25.25
US6687711084	Purchase	132	25.23
US6687711084	Sale	41	25.23
US6687711084	Sale	10	25.20
US6687711084	Purchase	100	25.21
US6687711084	Sale	116	25.21
US6687711084	Purchase	109	25.22
US6687711084	Sale	20	25.22
US6687711084	Sale	437	25.19
US6687711084	Sale	10	25.17
US6687711084	Sale	283	25.18
US6687711084	Purchase	100	25.15
US6687711084	Purchase	8	25.13
US6687711084	Sale	26	25.13
US6687711084	Purchase	129	25.09
US6687711084	Sale	14	25.09
US6687711084	Purchase	24,200	25.08
US6687711084	Sale	34,913	25.08
US6687711084	Purchase	826	25.07
US6687711084	Sale	534	25.07
US6687711084	Purchase	1,028	25.06
US6687711084	Sale	210	25.06
US6687711084	Purchase	2,594	25.03
US6687711084	Purchase	202	25.02
US6687711084	Purchase	323	25.04
US6687711084	Sale	623	25.04
US6687711084	Purchase	826	25.10
US6687711084	Sale	10	25.10
US6687711084	Purchase	8	25.14
US6687711084	Sale	28	25.14
US6687711084	Purchase	400	25.35
US6687711084	Purchase	307	25.01
US6687711084	Sale	20	25.01
US6687711084	Purchase	318	25.00
US6687711084	Sale	230	25.00
US6687711084	Purchase	100	24.99
US6687711084	Sale	592	25.05
US6687711084	Sale	470	25.12
US6687711084	Purchase	12	25.48
US6687711084	Purchase	12	25.53
US6687711084	Purchase	12	25.47
US6687711084	Purchase	12	25.41
US6687711084	Sale	10	25.39
US6687711084	Sale	1,409	25.27
US6687711084	Sale	423	25.24
US6687711084	Sale	483	25.21
US6687711084	Sale	276	25.19
US6687711084	Sale	2,700	25.08
US6687711084	Sale	2,086	25.07
US6687711084	Sale	300	25.06
US6687711084	Sale	4,725	25.02
US6687711084	Sale	1,114	25.04
US6687711084	Purchase	2	25.51
US6687711084	Sale	1,492	25.01
US6687711084	Sale	200	25.00
US6687711084	Sale	76	25.43
US6687711084	Sale	337	25.09
US6687711084	Purchase	4,422	25.08
US6687711084	Sale	644	25.08
US6687711084	Sale	2,148	25.07
US6687711084	Sale	344	25.06
US6687711084	Sale	500	25.10
US6687711084	Purchase	24	25.00

(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:	30^th May 2022
Contact name:	Milos Naumovic
Telephone number:	[phone]

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 [e-mail]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on [phone].

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 [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk

Category Code: RET

Sequence Number: 872314

Time of Receipt (offset from UTC): 20220530T151037+0100