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	18^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:	2,462,671	0.431%	1,395,142	0.244%
(2) Cash-settled derivatives:			-	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	59,700	0.010%	-	-
TOTAL:	2,522,371	0.441%	1,395,142	0.244%

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	2,455	23.91
US6687711084	Sale	15,891	23.90
US6687711084	Sale	4,226	23.93
US6687711084	Sale	183	23.80
US6687711084	Sale	23,861	23.83
US6687711084	Sale	6,999	23.76
US6687711084	Sale	674	23.77
US6687711084	Sale	11,437	23.75
US6687711084	Sale	132	23.79
US6687711084	Sale	2,353	23.78
US6687711084	Sale	641	23.74
US6687711084	Sale	66	23.85
US6687711084	Sale	281	23.72
US6687711084	Sale	2,918	23.86
US6687711084	Sale	707	23.84
US6687711084	Sale	3,417	23.88
US6687711084	Sale	21,374	23.89
US6687711084	Sale	5,780	23.87
US6687711084	Sale	390	23.94
US6687711084	Sale	419	23.95
US6687711084	Sale	8	23.92
US6687711084	Sale	2,893	23.73
US6687711084	Purchase	454	23.91
US6687711084	Purchase	488	23.90
US6687711084	Purchase	60	23.93
US6687711084	Purchase	1,098	23.80
US6687711084	Purchase	1,594	23.83
US6687711084	Purchase	179	23.76
US6687711084	Purchase	1,756	23.77
US6687711084	Purchase	200	23.75
US6687711084	Purchase	1,386	23.78
US6687711084	Purchase	627	23.82
US6687711084	Purchase	794	23.74
US6687711084	Purchase	665	23.85
US6687711084	Purchase	94	23.72
US6687711084	Purchase	232	23.81
US6687711084	Purchase	86	23.86
US6687711084	Purchase	252	23.84
US6687711084	Purchase	729	23.88
US6687711084	Purchase	1,632	23.89
US6687711084	Purchase	607	23.87
US6687711084	Purchase	200	23.94
US6687711084	Purchase	500	23.95
US6687711084	Purchase	32	23.97
US6687711084	Purchase	86	23.92
US6687711084	Purchase	1,128	23.91
US6687711084	Purchase	7,696	23.90
US6687711084	Purchase	1,775	23.93
US6687711084	Purchase	32,129	23.80
US6687711084	Purchase	524	23.83
US6687711084	Purchase	24,674	23.76
US6687711084	Purchase	19,991	23.77
US6687711084	Purchase	3,607	23.75
US6687711084	Purchase	12,122	23.79
US6687711084	Purchase	20,792	23.78
US6687711084	Purchase	1,815	23.82
US6687711084	Purchase	200	23.74
US6687711084	Purchase	1,400	23.85
US6687711084	Purchase	10,174	23.81
US6687711084	Purchase	629	23.86
US6687711084	Purchase	2,018	23.84
US6687711084	Purchase	1,718	23.88
US6687711084	Purchase	4,012	23.89
US6687711084	Purchase	100	23.87
US6687711084	Purchase	1,099	23.94
US6687711084	Purchase	223	23.98
US6687711084	Purchase	1,668	23.92
US6687711084	Purchase	100	23.99
US6687711084	Purchase	435	23.91
US6687711084	Purchase	2,130	23.90
US6687711084	Purchase	758	23.93
US6687711084	Purchase	310	23.80
US6687711084	Sale	806	23.80
US6687711084	Purchase	210	23.83
US6687711084	Purchase	1,181	23.76
US6687711084	Sale	198	23.76
US6687711084	Purchase	4,446	23.77
US6687711084	Sale	2,683	23.77
US6687711084	Purchase	344	23.75
US6687711084	Sale	100	23.75
US6687711084	Purchase	243	23.79
US6687711084	Purchase	430	23.78
US6687711084	Purchase	176	23.82
US6687711084	Purchase	596	23.74
US6687711084	Purchase	482	23.85
US6687711084	Purchase	9	23.72
US6687711084	Purchase	780	23.81
US6687711084	Purchase	1,200	23.86
US6687711084	Purchase	400	23.84
US6687711084	Sale	100	23.84
US6687711084	Purchase	1,211	23.88
US6687711084	Purchase	2,502	23.89
US6687711084	Purchase	1,228	23.87
US6687711084	Purchase	1,078	23.94
US6687711084	Purchase	100	23.95
US6687711084	Purchase	161	23.97
US6687711084	Purchase	188	23.96
US6687711084	Purchase	979	23.92
US6687711084	Purchase	200	23.93
US6687711084	Purchase	100	23.83
US6687711084	Purchase	100	23.77
US6687711084	Purchase	100	23.75
US6687711084	Purchase	50	23.79
US6687711084	Purchase	100	23.74
US6687711084	Purchase	200	23.81
US6687711084	Purchase	186	23.89
US6687711084	Purchase	266	23.87
US6687711084	Purchase	600	23.92
US6687711084	Sale	126	23.77

(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:	19^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: 970623

Time of Receipt (offset from UTC): 20220819T142319+0100