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	9^th August 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:	1,377,251	0.241%	629,179	0.110%
(2) Cash-settled derivatives:			-	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	59,700	0.010%	-	-
TOTAL:	1,436,951	0.251%	629,179	0.110%

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	Sale	2	24.15
US6687711084	Sale	446	24.12
US6687711084	Sale	460	24.14
US6687711084	Purchase	238	24.19
US6687711084	Sale	595	24.19
US6687711084	Purchase	250	24.17
US6687711084	Sale	901	24.24
US6687711084	Sale	2,157	24.28
US6687711084	Sale	3,309	24.27
US6687711084	Purchase	390	24.22
US6687711084	Sale	4,763	24.22
US6687711084	Sale	5,852	24.35
US6687711084	Sale	12,602	24.33
US6687711084	Sale	875	24.36
US6687711084	Sale	565	24.37
US6687711084	Sale	5,042	24.25
US6687711084	Purchase	267	24.23
US6687711084	Purchase	364	24.20
US6687711084	Purchase	42	24.34
US6687711084	Sale	1,141	24.39
US6687711084	Sale	249	24.40
US6687711084	Sale	34,569	24.44
US6687711084	Sale	4,262	24.42
US6687711084	Sale	763	24.45
US6687711084	Sale	23	24.52
US6687711084	Purchase	8	24.43
US6687711084	Sale	11,523	24.43
US6687711084	Purchase	296	24.18
US6687711084	Sale	5,388	24.26
US6687711084	Sale	866	24.47
US6687711084	Purchase	100	24.10
US6687711084	Purchase	100	24.23
US6687711084	Purchase	200	24.13
US6687711084	Purchase	300	24.21
US6687711084	Purchase	300	24.34
US6687711084	Purchase	100	24.38
US6687711084	Purchase	100	24.42
US6687711084	Purchase	100	24.51
US6687711084	Purchase	2,185	24.43
US6687711084	Purchase	700	24.32
US6687711084	Purchase	238	24.15
US6687711084	Purchase	437	24.10
US6687711084	Purchase	389	24.11
US6687711084	Purchase	696	24.14
US6687711084	Purchase	196	24.16
US6687711084	Purchase	468	24.19
US6687711084	Purchase	503	24.17
US6687711084	Purchase	1,500	24.24
US6687711084	Purchase	505	24.27
US6687711084	Purchase	900	24.22
US6687711084	Purchase	197	24.37
US6687711084	Purchase	916	24.25
US6687711084	Purchase	2,645	24.23
US6687711084	Purchase	3,296	24.20
US6687711084	Purchase	50	24.07
US6687711084	Purchase	13,492	24.21
US6687711084	Purchase	400	24.30
US6687711084	Purchase	255	24.39
US6687711084	Purchase	240	24.38
US6687711084	Purchase	580	24.40
US6687711084	Sale	600	24.40
US6687711084	Purchase	238	24.41
US6687711084	Sale	353	24.41
US6687711084	Purchase	180	24.44
US6687711084	Sale	675	24.44
US6687711084	Purchase	1,589	24.42
US6687711084	Sale	647	24.42
US6687711084	Sale	2,460	24.45
US6687711084	Sale	7,934	24.46
US6687711084	Sale	863	24.48
US6687711084	Sale	300	24.51
US6687711084	Sale	293	24.50
US6687711084	Purchase	1,027	24.43
US6687711084	Sale	2,171	24.43
US6687711084	Purchase	1,485	24.18
US6687711084	Purchase	200	23.98
US6687711084	Purchase	2,916	24.08
US6687711084	Purchase	300	24.05
US6687711084	Purchase	700	23.97
US6687711084	Purchase	327	24.02
US6687711084	Purchase	200	24.03
US6687711084	Purchase	256	24.26
US6687711084	Purchase	500	24.32
US6687711084	Sale	99	24.47
US6687711084	Sale	685	24.15
US6687711084	Purchase	441	24.12
US6687711084	Sale	39	24.12
US6687711084	Sale	47	24.10
US6687711084	Sale	21	24.11
US6687711084	Purchase	417	24.14
US6687711084	Purchase	55	24.16
US6687711084	Sale	77	24.16
US6687711084	Purchase	693	24.19
US6687711084	Sale	45	24.17
US6687711084	Purchase	242	24.24
US6687711084	Sale	4,300	24.28
US6687711084	Purchase	185	24.27
US6687711084	Sale	100	24.27
US6687711084	Purchase	505	24.22
US6687711084	Sale	200	24.35
US6687711084	Purchase	2,295	24.33
US6687711084	Purchase	374	24.37
US6687711084	Purchase	2,602	24.25
US6687711084	Purchase	997	24.23
US6687711084	Purchase	2,519	24.20
US6687711084	Sale	100	24.20
US6687711084	Purchase	215	24.09
US6687711084	Purchase	647	24.13
US6687711084	Sale	98	24.13
US6687711084	Purchase	4,137	24.21
US6687711084	Sale	12	24.21
US6687711084	Sale	1,232	24.30
US6687711084	Purchase	100	24.34
US6687711084	Purchase	1,238	24.39
US6687711084	Sale	271	24.39
US6687711084	Purchase	674	24.38
US6687711084	Sale	300	24.38
US6687711084	Purchase	262	24.40
US6687711084	Sale	498	24.40
US6687711084	Purchase	900	24.41
US6687711084	Sale	688	24.41
US6687711084	Purchase	115	24.44
US6687711084	Sale	307	24.44
US6687711084	Purchase	637	24.42
US6687711084	Sale	298	24.42
US6687711084	Purchase	625	24.45
US6687711084	Sale	2,561	24.45
US6687711084	Purchase	1,926	24.46
US6687711084	Sale	120	24.46
US6687711084	Purchase	353	24.48
US6687711084	Sale	52	24.48
US6687711084	Purchase	203	24.51
US6687711084	Purchase	555	24.50
US6687711084	Sale	700	24.50
US6687711084	Purchase	156	24.49
US6687711084	Purchase	15,842	24.43
US6687711084	Sale	3,259	24.43
US6687711084	Purchase	344	24.18
US6687711084	Sale	43	24.18
US6687711084	Purchase	115	24.08
US6687711084	Purchase	100	24.04
US6687711084	Purchase	100	24.31
US6687711084	Sale	148	24.47
US6687711084	Purchase	24	24.15
US6687711084	Purchase	5	24.10
US6687711084	Purchase	100	24.27
US6687711084	Purchase	30	24.29
US6687711084	Purchase	20	24.23
US6687711084	Purchase	171	24.20
US6687711084	Purchase	100	24.13
US6687711084	Purchase	300	24.39
US6687711084	Purchase	100	24.38
US6687711084	Purchase	101	24.41
US6687711084	Purchase	18	24.44
US6687711084	Purchase	100	24.42
US6687711084	Sale	600	24.42
US6687711084	Purchase	136	24.45
US6687711084	Purchase	87	24.43
US6687711084	Sale	775	24.43
US6687711084	Sale	18,769	24.18
US6687711084	Purchase	20	24.26
US6687711084	Purchase	200	24.32
US6687711084	Purchase	50	24.31
US6687711084	Purchase	598	24.47
US6687711084	Purchase	2	24.12
US6687711084	Purchase	2	24.11
US6687711084	Purchase	2	24.37
US6687711084	Purchase	4	24.20
US6687711084	Purchase	2	24.07
US6687711084	Purchase	14	24.34
US6687711084	Purchase	6	24.39
US6687711084	Purchase	52	24.38
US6687711084	Purchase	10	24.40
US6687711084	Purchase	21	24.41
US6687711084	Purchase	4	24.44
US6687711084	Purchase	54	24.42
US6687711084	Purchase	2	24.46
US6687711084	Purchase	31	24.43
US6687711084	Sale	1,227	24.43
US6687711084	Purchase	2	24.32

(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:	10^th August 2022
Contact name:	Roisin Nagle
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
US6687711084	Call Option	Purchased	51,700	23.00	American	19/08/2022

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 [phone].

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

Category Code: RET

Sequence Number: 963707

Time of Receipt (offset from UTC): 20220810T132317+0100