20th Jul 2021 11:48
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: | 19 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" | N/A |
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
| 1,678,091 9,441
1,090,113 9,441 | 6.0538 GBP 179.6000 CZK
6.0500 GBP 178.9723 CZK | 5.9901 GBP 178.4500 CZK
5.9862 GBP 178.9723 CZK |
(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 | 2,327 2,241 6,352 31,082 124 4,449 3,417 34 11,011 8,771 6,659 8,683 242,536 2,285 36,667 2,513 2,272 406 24,192 1,240 4,974 116,599 445 152 301,046 53,813
2,000 23,090 6,820 8,988
461 4,336 11,363 3,019 26,998 4,535 1,254 8,864 5,386 482 2,644 643 3,315 6,080 3,993 6,686 23,160 5,604 212,102 142
72,738 11,100 100
116,883 8,732
125,615 | 6.0069 GBP 6.0077 GBP 6.0107 GBP 6.0224 GBP 6.0230 GBP 6.0232 GBP 6.0235 GBP 6.0260 GBP 6.0261 GBP 6.0282 GBP 6.0288 GBP 6.0299 GBP 6.0300 GBP 6.0301 GBP 6.0302 GBP 6.0312 GBP 6.0313 GBP 6.0322 GBP 6.0323 GBP 6.0324 GBP 6.0334 GBP 6.0353 GBP 6.0385 GBP 6.0386 GBP 6.0460 GBP 6.0463 GBP
5.9948 GBP 6.0280 GBP 6.0296 GBP 6.0407 GBP
5.9862 GBP 5.9964 GBP 6.0222 GBP 6.0239 GBP 6.0252 GBP 6.0262 GBP 6.0271 GBP 6.0305 GBP 6.0307 GBP 6.0308 GBP 6.0309 GBP 6.0320 GBP 6.0321 GBP 6.0326 GBP 6.0339 GBP 6.0359 GBP 6.0451 GBP 6.0457 GBP 6.0460 GBP 6.0499 GBP
6.0309 GBP 6.0320 GBP 6.0357 GBP
6.0300 GBP 6.0304 GBP
6.0253 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: | 20 July 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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