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Response to press speculation

29th Jan 2020 13:25

RNS Number : 3281B
Avast PLC
29 January 2020
 

 

 

29 January 2020

 

 

AVAST PLC

 

Response to press speculation

 

Avast notes the recent press speculation concerning the business conducted by Jumpshot Inc. ("Jumpshot"), in which it holds a 65% interest.

 

The security and privacy of our users and partners remains our top priority. Avast is fully committed to giving customers control over their privacy and data choices. We have set out further information on our approach on https://blog.avast.com/our-commitment-to-responsible-data-use.

 

In light of recent events, we are considering how a trends analytics service such as Jumpshot aligns with our values as a cybersecurity and privacy company. As a result, Avast is reviewing all options in relation to the Jumpshot business. In the financial year ended 31 December 2019 Jumpshot is expected to contribute $36m of Adjusted Revenue.

 

A further announcement will be made in due course as appropriate.

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014.

 

The person responsible for this announcement is Alan Rassaby, Company Secretary.

 

Enquiries:

Peter Russell, Director of Investor Relations

[email protected]

Stephanie Kane, VP PR and Corporate Communications

[email protected]

Lulu Bridges / Heather Armstrong / Tim PearsonTavistock

Tel: 020 7920 3150

 

About Avast

 

Avast (LSE:AVST) is a global leader in digital security products. With over 400 million users online, Avast offers products under the Avast and AVG brands that protect people from threats on the internet and the evolving IoT threat landscape. The company's threat detection network is among the most advanced in the world, using machine learning and artificial intelligence technologies to detect and stop threats in real time. Avast digital security products for Mobile, PC or Mac are top-ranked and certified by VB100, AV-Comparatives, AV-Test, West Coast Labs and others. Visit: www.avast.com.

 

LEI Number: 213800IR8G8LC2H4BO27

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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