5th Aug 2022 11:33
This announcement replaces the previous RNS announcement 9438U released at 10:54 on the 4th August 2022. Amendments to sections 2a and 2b. All other information remains unchanged
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: | UBS Investment Bank, London |
(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: | Avast plc |
(d) Date dealing undertaken: | 03 August 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" | NO |
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 | Buy
| 5172080 | 6.87222 GBP | 4.82773 GBP |
10p ordinary | Sell
| 6635231 | 6.87222 GBP | 6.78200 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 | CFD
| Long | 650148 | 8.31529813 USD |
10p ordinary | CFD
| Long | 318 | 6.869863 GBP |
10p ordinary | CFD
| Long | 171701 | 6.839869 GBP |
10p ordinary | CFD
| Long | 43334 | 6.839246 GBP |
10p ordinary | CFD
| Long | 3182 | 8.31411818 USD |
10p ordinary | CFD
| Long | 13521 | 6.848751 GBP |
10p ordinary | CFD
| Long | 81744 | 6.80891739 GBP |
10p ordinary | CFD
| Long | 3051291 | 8.311889 USD |
10p ordinary | CFD
| Long | 7188 | 6.862328 GBP |
10p ordinary | CFD
| Long | 26307 | 6.827264 GBP |
10p ordinary | CFD
| Long | 139700 | 6.80836292 GBP |
10p ordinary | CFD
| Long | 83000 | 6.80025 GBP |
10p ordinary | CFD
| Long | 14201 | 6.837364 GBP |
10p ordinary | CFD
| Long | 650148 | 8.31111179 USD |
10p ordinary | CFD
| Long | 643000 | 8.33812 USD |
10p ordinary | CFD
| Short | 500000 | 8.30074922 USD |
10p ordinary | CFD
| Short | 500000 | 8.23485462 USD |
10p ordinary | CFD
| Short | 36337 | 5.8696 USD |
10p ordinary | CFD
| Short | 139700 | 6.81403915 GBP |
10p ordinary | CFD
| Short | 65000 | 6.80461538 GBP |
10p ordinary | CFD
| Short | 1000000 | 8.285717 USD |
10p ordinary | CFD
| Short | 562625 | 8.31413099 USD |
10p ordinary | CFD
| Short | 318 | 6.81999960062893 GBP |
10p ordinary | CFD
| Short | 20471 | 6.827249 GBP |
10p ordinary | CFD
| Short | 40801 | 6.87 GBP |
10p ordinary | CFD
| Short | 122520 | 6.852189 GBP |
10p ordinary | CFD
| Short | 60093 | 6.82620855 GBP |
10p ordinary | CFD
| Short | 250000 | 8.28478332 USD |
10p ordinary | CFD
| Short | 159300 | 8.31375599 USD |
10p ordinary | CFD
| Short | 280676 | 8.293584 USD |
10p ordinary | CFD
| Short | 147313 | 8.313892 USD |
10p ordinary | CFD
| Short | 130583 | 8.285734 USD |
10p ordinary | CFD
| Short | 150000 | 8.305705 USD |
10p ordinary | CFD
| Short | 80375 | 8.30947496 USD |
10p ordinary | CFD
| Short | 650148 | 8.31529813 USD |
10p ordinary | CFD
| Short | 127439 | 8.31630898 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 | 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 |
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(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) |
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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
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(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: | 05 August 2022 |
| Contact name: | Richard Howard |
| Telephone number: | +44 (0)207 568 9128 |
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 [email protected]
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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