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: | 4 May 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 | 1,371,372
2,889,273 | 5.3980 GBP
5.3725 GBP | 4.9370 GBP
5.0000 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 | 9,782 17,185 618
132,594 500,000 36,912 40,000 248,888 300,000 525,000 516,350 76,774 300,000 17,897 137,136 100,000 149,764 1,274
7,973
20,000 130,000 21,733 50,000 17,620 100,000 13,963 12,300 8,300 100,000 79
25,610 167,075 808 2,977 15,160 1,440 1,430
2,443 6,279 842 106,899 8,468 2,942 4,008 24,329 57,224 50,000 1,066 50,000 | 5.0657 GBP 5.0716 GBP 5.1394 GBP
5.0782 GBP 5.0825 GBP 5.0834 GBP 5.0835 GBP 5.1007 GBP 5.1152 GBP 5.1183 GBP 5.1989 GBP 5.1994 GBP 5.1995 GBP 5.2029 GBP 5.2037 GBP 5.2366 GBP 5.2724 GBP 5.3179 GBP
5.1132 GBP
4.9611 GBP 5.0034 GBP 5.0841 GBP 5.1114 GBP 5.1148 GBP 5.1306 GBP 5.1394 GBP 5.1717 GBP 5.1988 GBP 5.3124 GBP 5.3827 GBP
5.0838 GBP 5.0840 GBP 5.1300 GBP 5.1433 GBP 5.1608 GBP 5.1949 GBP 5.3725 GBP
4.9553 GBP 5.0610 GBP 5.0778 GBP 5.0850 GBP 5.0894 GBP 5.0962 GBP 5.0994 GBP 5.1040 GBP 5.1198 GBP 5.1725 GBP 5.2102 GBP 5.2567 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: | 18 May 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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