10th Sep 2021 07:00
AMENDMENT
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: | 11 August 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 | 9,053,124
2,524,321 | 5.9500 GBP
5.9500 GBP | 5.8020 GBP
5.7980 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
| 1,001 23,871 20,542 595 8,046 1,100
1,425 570 1,598 1,451 61,492 2,188 6,154 519 9,293 1,664 3,384 5,510 600 500 367 19,838 7,880 12,133 28,173 166,263 1,380 24,688 49 15,063 405 13
17,171 14,996 120 52,011 324 5,643
6,642 1,235,000 520 222 871 31,693 1,000 6,693 23,950 20,000 1,000,000 17,470 25,000 10,000 7,700 184,337 4,478 50,780 143 353,839 243,180 1,546,000 1,675 44,326 2,001 18,602 10,192 1,472 3,126 155,600 10,600 7,692
35,400 11,600 4,513 390,000 310,000 150,000 | 5.8487 GBP 5.8510 GBP 5.8608 GBP 5.8643 GBP 5.8651 GBP 5.8692 GBP
5.8288 GBP 5.8338 GBP 5.8366 GBP 5.8405 GBP 5.8409 GBP 5.8426 GBP 5.8447 GBP 5.8458 GBP 5.8480 GBP 5.8488 GBP 5.8491 GBP 5.8494 GBP 5.8496 GBP 5.8500 GBP 5.8520 GBP 5.8533 GBP 5.8535 GBP 5.8543 GBP 5.8559 GBP 5.8560 GBP 5.8588 GBP 5.8600 GBP 5.8625 GBP 5.8709 GBP 5.8788 GBP 5.8860 GBP
5.8591 GBP 5.8592 GBP 5.8679 GBP 5.8700 GBP 5.8899 GBP 5.9006 GBP
5.8244 GBP 5.8255 GBP 5.8292 GBP 5.8360 GBP 5.8383 GBP 5.8389 GBP 5.8400 GBP 5.8408 GBP 5.8434 GBP 5.8448 GBP 5.8464 GBP 5.8465 GBP 5.8508 GBP 5.8509 GBP 5.8525 GBP 5.8544 GBP 5.8576 GBP 5.8578 GBP 5.8580 GBP 5.8600 GBP 5.8625 GBP 5.8651 GBP 5.8663 GBP 5.8684 GBP 5.8785 GBP 5.8825 GBP 5.8875 GBP 5.8882 GBP 8.0884 GBP 8.0980 GBP 8.1016GBP 8.1306 GBP
5.8635 GBP 5.8639 GBP 8.0463 GBP 8.1212 GBP 8.1275 GBP 8.1324 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: | 09 September 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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