4th Aug 2022 11:43
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: | 3 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" | 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 | 13,006,401
11,812,239 | 6.8701 GBP
6.8720 GBP | 6.7502 GBP
6.7818 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 | 93 12,720 12,720 12,720 1,200,000 12,720 12,046 48,192 206 24,024
25,000 599 1,500,000 175,000 175,000 26,451 2,489 473 8,928 178,535 352,982 689 39,343 79,171 21,793 2,761,867
5,700 1,806 581
149 250,000 500,000 406,958 905,000 850,000 500,000 565 19,799 200,000 250,000 493 1,250,000 2,351 2,561 800,000 7,989 16 361,319
3,484 4,000,000 22,285 4,047 15,090 5,733 3,070 152 152 4,228 12,379 3,512 10,252 140,128
22,394 1,516 4,159 150,000 4,000,000 2,211 6,634 10,218 3,250 400,000 16,672 4,326 3,150 583 149,399 50,000 | 6.7862 GBP 6.7982 GBP 6.8022 GBP 6.8041 GBP 6.8047 GBP 6.8055 GBP 6.8234 GBP 6.8352 GBP 6.8435 GBP 6.8443 GBP
6.7830 GBP 6.7892 GBP 6.7920 GBP 6.7954 GBP 6.8115 GBP 6.8129 GBP 6.8221 GBP 6.8320 GBP 6.8392 GBP 6.8399 GBP 6.8413 GBP 6.8494 GBP 6.8639 GBP 6.8677 GBP 6.8693 GBP 6.8700 GBP
6.8371 GBP 6.8453 GBP 6.8512 GBP
6.7502 GBP 6.7821 GBP 6.7869 GBP 6.7887 GBP 6.8000 GBP 6.8067 GBP 6.8093 GBP 6.8214 GBP 6.8238 GBP 6.8240 GBP 6.8449 GBP 6.8508 GBP 6.8537 GBP 6.8580 GBP 6.8679 GBP 6.8693 GBP 6.8701 GBP 6.8707 GBP 6.8728 GBP
6.7941 GBP 6.8000 GBP 6.8007 GBP 6.8105 GBP 6.8123 GBP 6.8159 GBP 6.8174 GBP 6.8279 GBP 6.8280 GBP 6.8376 GBP 6.8422 GBP 6.8514 GBP 6.8525 GBP 6.8700 GBP
6.7840 GBP 6.7922 GBP 6.7925 GBP 6.7980 GBP 6.8000 GBP 6.8042 GBP 6.8049 GBP 6.8084 GBP 6.8094 GBP 6.8267 GBP 6.8292 GBP 6.8410 GBP 6.8412 GBP 6.8520 GBP 6.8700 GBP 6.8717 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 |
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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
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| Date of disclosure: | 4 August 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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