18th Nov 2021 14:43
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: | 15 November 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, Norton LifeLock 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 | 3,076,417
1,910,769 | 6.0030 GBP
6.0043 GBP | 5.9056 GBP
5.8923 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
| 700 1,246 3,583
8,990 1,616 802 23,813 174 1,303 6,717 367 506,185 247,229 25,300 13,207 2,242 13,215 341 30,000 218,600
27,139 1,073 1,074 4,824
100,000 10,212 4,553 250,000 100,000 300,000 2,008 20,139 8,857 20,249 13,534 92,955 6,890 3,430 2,158 40,800 1 4,189 200,000 2,844 925 871 375,000 162 374,000
50,000 198,570 179,849 | 5.9785 GBP 5.9869 GBP 5.9872 GBP
5.9117 GBP 5.9148 GBP 5.9573 GBP 5.9609 GBP 5.9670 GBP 5.9720 GBP 5.9753 GBP 5.9800 GBP 5.9817 GBP 5.9820 GBP 5.9822 GBP 5.9829 GBP 5.9838 GBP 5.9841 GBP 5.9900 GBP 5.9960 GBP 6.0029 GBP
5.9804 GBP 5.9830 GBP 5.9838 GBP 5.9857 GBP
5.9130 GBP 5.9153 GBP 5.9444 GBP 5.9515 GBP 5.9530 GBP 5.9665 GBP 5.9752 GBP 5.9798 GBP 5.9811 GBP 5.9813 GBP 5.9819 GBP 5.9820 GBP 5.9826 GBP 5.9835 GBP 5.9842 GBP 5.9883 GBP 5.9900 GBP 5.9901 GBP 5.9902 GBP 5.9905 GBP 5.9910 GBP 5.9930 GBP 5.9942 GBP 5.9980 GBP 6.0030 GBP
5.9263 GBP 5.9374 GBP 5.9864 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: | 18 November 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.
Related Shares:
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