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: | 5 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 | 1,082,575
2,182,814 | 5.3840 GBP
5.3690 GBP | 5.0552 GBP
5.0500 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 | 350 105 4,630 1
150,000 150,000 150,000 986 64 18,433 15,248 30,900 50,000 250,000 5,563 50,000 150,000 250,000
13,834 50,319
9,580 1,372 168,159 200,470 7,241 100,000 131,841 15,900 6,000 4,000 1,800 6,400 30,000
1,452 3,232 6,447 334 622 176,840 444 5,615 9,428 26,320 1,207
1,884 22,394 17,591 12,142 3,837 1,067 900 180 178 2,860 122,259 46,055 774 | 5.1994 GBP 5.2036 GBP 5.2581 GBP 5.2720 GBP
5.0495 GBP 5.0548 GBP 5.0551 GBP 5.0624 GBP 5.1978 GBP 5.2311 GBP 5.2314 GBP 5.2327 GBP 5.2574 GBP 5.3173 GBP 5.3270 GBP 5.3427 GBP 5.3473 GBP 5.3573 GBP
5.2277 GBP 5.2578 GBP
5.0723 GBP 5.1280 GBP 5.1647 GBP 5.1663 GBP 5.1677 GBP 5.1878 GBP 5.1881 GBP 5.2025 GBP 5.2116 GBP 5.2314 GBP 5.2724 GBP 5.3184 GBP 5.3597 GBP
5.1140 GBP 5.1575 GBP 5.1589 GBP 5.1800 GBP 5.2296 GBP 5.2320 GBP 5.2348 GBP 5.3005 GBP 5.3111 GBP 5.3180 GBP 5.3197 GBP
5.0627 GBP 5.0759 GBP 5.1101 GBP 5.1357 GBP 5.1578 GBP 5.1602 GBP 5.1612 GBP 5.1720 GBP 5.1722 GBP 5.1934 GBP 5.2320 GBP 5.2323 GBP 5.3692 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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