22nd Jul 2021 11:44
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Avast plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial Adviser and Corporate Broker to Avast Plc. |
(d) Date dealing undertaken: | 21 July 2021 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | Yes, NortonLifeLock Inc. |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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 | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
10p ordinary | Purchase
Sale | 501,655
551,622 | 5.8820 GBP
5.8900 GBP | 5.7600 GBP
5.7570 GBP |
(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 |
10p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a Short Position | 8,400 1,623 895 14,012 11,144 2,052 1,134 1,800 1,195 35,598 12,191
311 13,546 1,408 5,498 2,419 3,393 77,379 8,289 10,790 5,683 17,302 624 1,121 300 135 1,123 2,651 2,951 16,641 53,391 17 1,649
8,169 20,196 6,312 4,282 42 432 32,444 18,024 1,910 6,934 1,280 11,522 290 810 2,666
519 11,215 3,254 26,412 6,792 2,203 36,491 10,000 4,101 6,907 1,495 1,117 42,146 725 18,052 16,001 666 19,450 805 842 1,719
536 | 5.7765 GBP 5.8051 GBP 5.8052 GBP 5.8053 GBP 5.8123 GBP 5.8133 GBP 5.8140 GBP 5.8141 GBP 5.8148 GBP 5.8149 GBP 5.8244 GBP
5.7802 GBP 5.7835 GBP 5.7856 GBP 5.7884 GBP 5.7891 GBP 5.7934 GBP 5.7935 GBP 5.7988 GBP 5.7999 GBP 5.8011 GBP 5.8027 GBP 5.8032 GBP 5.8051 GBP 5.8053 GBP 5.8060 GBP 5.8069 GBP 5.8070 GBP 5.8077 GBP 5.8137 GBP 5.8140 GBP 5.8280 GBP 5.8497 GBP
5.7840 GBP 5.7931 GBP 5.8002 GBP 5.8015 GBP 5.8056 GBP 5.8067 GBP 5.8110 GBP 5.8139 GBP 5.8231 GBP 5.8239 GBP 5.8350 GBP 5.8428 GBP 5.8558 GBP 5.8609 GBP 5.8666 GBP
5.7682 GBP 5.7853 GBP 5.7854 GBP 5.7889 GBP 5.7898 GBP 5.7916 GBP 5.7936 GBP 5.7962 GBP 5.7968 GBP 5.8052 GBP 5.8063 GBP 5.8064 GBP 5.8095 GBP 5.8122 GBP 5.8125 GBP 5.8140 GBP 5.8183 GBP 5.8184 GBP 5.8220 GBP 5.8284 GBP 5.8609 GBP
5.7839 GBP |
(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 | 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) |
|
3. 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 exempt principal trader 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 exempt principal trader 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
|
| Date of disclosure: | 22 July 2021 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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