14th Feb 2022 15:26
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: | 10 February 2022 |
(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 | 4,887,136
722,029 | 6.3101 GBP
6.3060 GBP | 6.2380 GBP
6.2340 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 long position
Opening a short position | 3,276,000
4 462 7,517 584 50,660 234 574 454 58 110 471 208,800 9,250 9,367 2,048 21,666 2,695 871 58,515 1,000 15,804 42,032 2,674
543 127 10,000
9,019 7,483 685 16,600 12,554 466 12,880 7,929 3,431 450,000 332 4,359 181,458 9,536 46,689 540 41,417 50,000 405,272
2,000,000 827 2,402
2,000,000 43,510 883 60,370 | 6.2740 GBP
6.2345 GBP 6.2376 GBP 6.2392 GBP 6.2398 GBP 6.2412 GBP 6.2433 GBP 6.2434 GBP 6.2439 GBP 6.2494 GBP 6.2520 GBP 6.2554 GBP 6.2612 GBP 6.2640 GBP 6.2647 GBP 6.2653 GBP 6.2695 GBP 6.2697 GBP 6.2720 GBP 6.2724 GBP 6.2760 GBP 6.2801 GBP 6.2823 GBP 6.2847 GBP
6.2555 GBP 6.2589 GBP 6.2678 GBP
6.2400 GBP 6.2403 GBP 6.2502 GBP 6.2574 GBP 6.2674 GBP 6.2680 GBP 6.2686 GBP 6.2719 GBP 6.2720 GBP 6.2731 GBP 6.2751 GBP 6.2760 GBP 6.2766 GBP 6.2792 GBP 6.2816 GBP 6.2841 GBP 6.2871 GBP 6.2881 GBP 6.3015 GBP
6.2400 GBP 6.2619 GBP 6.2727 GBP
6.2400 GBP 6.2679 GBP 6.2741 GBP 6.2755 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: | 14 February 2022 |
| 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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