31st Aug 2021 17:04
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: | 23 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, 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 | 580,707
399,919 | 5.8040 GBP
5.8220 GBP | 5.7460 GBP
5.7440 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
| 1,950 158 20,863 22,413 4,405 10,646 4,781 20,268 20,051 8,231 1,504 2,333 1,434
197 668 1,699 657 46 7,868 3,486 1,969 9,349 2,629 3,461 3,774 46,462 6,622 38,321
405 37 154 1,823 1,305 4,501 6,229
304 16,320 2,777 24,958 1,482 7,817 628 38,021 386 845 15,473 86,752 400 | 5.7562 GBP 5.7577 GBP 5.7590 GBP 5.7621 GBP 5.7638 GBP 5.7673 GBP 5.7678 GBP 5.7763 GBP 5.7827 GBP 5.7860 GBP 5.7868 GBP 5.7869 GBP 5.7893 GBP
5.7480 GBP 5.7500 GBP 5.7512 GBP 5.7531 GBP 5.7540 GBP 5.7561 GBP 5.7571 GBP 5.7574 GBP 5.7614 GBP 5.7623 GBP 5.7631 GBP 5.7688 GBP 5.7700 GBP 5.7743 GBP 5.7857 GBP
5.7495 GBP 5.7505 GBP 5.7596 GBP 5.7664 GBP 5.7691 GBP 5.7740 GBP 5.7860 GBP
5.7520 GBP 5.7581 GBP 5.7583 GBP 5.7585 GBP 5.7588 GBP 5.7610 GBP 5.7622 GBP 5.7658 GBP 5.7680 GBP 5.7723 GBP 5.7860 GBP 5.7872 GBP 5.8000 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: | 31 August 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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