FORM 8.3
IRISH TAKEOVER PANEL
OPENING POSITION DISCLOSURE/DEALING DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER
RULES, 2022 BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
1. KEY INFORMATION
| (a) Full name of discloser | Bank of America Corporation |
| (b) Owner or controller of interests and short positions disclosed, if different from 1(a) The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. | |
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates Use a separate form for each offeror/offeree | AVADEL PHARMACEUTICALS PLC |
| (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree (Note 1) | |
| (e) Date position held/dealing undertaken For an opening position disclosure, state the latest practicable date prior to the disclosure | 12/12/2025 |
| (f) In addition to the company in 1(c) above, is the discloser also making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" | No |
2. INTERESTS AND SHORT POSITIONS
If there are interests and short positions to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2 for each additional class of relevant security.
Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
(Note 2)
| Class of relevant security | 0.01 ordinary shares | |||
| | Interests | Short positions | ||
| Number | % | Number | % | |
| (1) Relevant securities owned and/or controlled | 1,440,646 | 1.479% | 519,831 | 0.534% |
| (2) Cash-settled derivatives | 423,489 | 0.435% | 550,164 | 0.565% |
| (3) Stock-settled derivatives (including options) and agreements to purchase/ sell | 0 | 0.000% | 0 | 0.000% |
| Total | 1,864,135 | 1.914% | 1,069,995 | 1.099% |
All interests and all short positions should be disclosed.
Details of options including rights to subscribe for new securities and any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8.
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE (Note 4)
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(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 | Purchase/sale | Number of | Price per unit |
| USD 0.01 common | Purchase | 18 | 21.35 USD |
| USD 0.01 common | Purchase | 19 | 21.351053 USD |
| USD 0.01 common | Purchase | 22 | 21.351819 USD |
| USD 0.01 common | Purchase | 26 | 21.352308 USD |
| USD 0.01 common | Purchase | 18 | 21.356667 USD |
| USD 0.01 common | Purchase | 100 | 21.3578 USD |
| USD 0.01 common | Purchase | 56 | 21.36 USD |
| USD 0.01 common | Purchase | 18 | 21.360556 USD |
| USD 0.01 common | Purchase | 17 | 21.361177 USD |
| USD 0.01 common | Purchase | 40 | 21.3615 USD |
| USD 0.01 common | Purchase | 19 | 21.361579 USD |
| USD 0.01 common | Purchase | 27 | 21.361852 USD |
| USD 0.01 common | Purchase | 13 | 21.363077 USD |
| USD 0.01 common | Purchase | 24 | 21.363334 USD |
| USD 0.01 common | Purchase | 18 | 21.363889 USD |
| USD 0.01 common | Purchase | 17 | 21.364118 USD |
| USD 0.01 common | Purchase | 12 | 21.364167 USD |
| USD 0.01 common | Purchase | 24 | 21.364584 USD |
| USD 0.01 common | Purchase | 24 | 21.365834 USD |
| USD 0.01 common | Purchase | 16 | 21.36625 USD |
| USD 0.01 common | Purchase | 17 | 21.366471 USD |
| USD 0.01 common | Purchase | 21 | 21.369524 USD |
| USD 0.01 common | Purchase | 66 | 21.37 USD |
| USD 0.01 common | Purchase | 19 | 21.370527 USD |
| USD 0.01 common | Purchase | 18 | 21.370556 USD |
| USD 0.01 common | Purchase | 18 | 21.372223 USD |
| USD 0.01 common | Purchase | 2,773 | 21.375002 USD |
| USD 0.01 common | Purchase | 18 | 21.378334 USD |
| USD 0.01 common | Purchase | 44 | 21.38 USD |
| USD 0.01 common | Purchase | 16 | 21.380625 USD |
| USD 0.01 common | Purchase | 15 | 21.383334 USD |
| USD 0.01 common | Purchase | 16 | 21.384375 USD |
| USD 0.01 common | Purchase | 2 | 21.385 USD |
| USD 0.01 common | Purchase | 15 | 21.385334 USD |
| USD 0.01 common | Purchase | 16 | 21.38625 USD |
| USD 0.01 common | Purchase | 17 | 21.387648 USD |
| USD 0.01 common | Purchase | 18 | 21.388334 USD |
| USD 0.01 common | Purchase | 20 | 21.3885 USD |
| USD 0.01 common | Purchase | 21 | 21.388572 USD |
| USD 0.01 common | Purchase | 18 | 21.388889 USD |
| USD 0.01 common | Purchase | 54 | 21.39 USD |
| USD 0.01 common | Purchase | 35 | 21.391429 USD |
| USD 0.01 common | Purchase | 4 | 21.395 USD |
| USD 0.01 common | Purchase | 9 | 21.4 USD |
| USD 0.01 common | Purchase | 171 | 21.41 USD |
| USD 0.01 common | Purchase | 24 | 21.415 USD |
| USD 0.01 common | Purchase | 11 | 21.415455 USD |
| USD 0.01 common | Purchase | 15 | 21.416 USD |
| USD 0.01 common | Purchase | 3 | 21.416667 USD |
| USD 0.01 common | Purchase | 7 | 21.42 USD |
| USD 0.01 common | Purchase | 5 | 21.41 USD |
| USD 0.01 common | Purchase | 8 | 21.415 USD |
| Class of relevant | Purchase/sale | Number of | Price per unit |
| USD 0.01 common | Sale | 37 | 21.35 USD |
| USD 0.01 common | Sale | 19 | 21.351053 USD |
| USD 0.01 common | Sale | 4 | 21.355 USD |
| USD 0.01 common | Sale | 29 | 21.355173 USD |
| USD 0.01 common | Sale | 18 | 21.356667 USD |
| USD 0.01 common | Sale | 236 | 21.36 USD |
| USD 0.01 common | Sale | 18 | 21.360556 USD |
| USD 0.01 common | Sale | 17 | 21.361177 USD |
| USD 0.01 common | Sale | 13 | 21.363077 USD |
| USD 0.01 common | Sale | 18 | 21.363889 USD |
| USD 0.01 common | Sale | 17 | 21.364118 USD |
| USD 0.01 common | Sale | 12 | 21.364167 USD |
| USD 0.01 common | Sale | 24 | 21.364584 USD |
| USD 0.01 common | Sale | 102 | 21.365 USD |
| USD 0.01 common | Sale | 29 | 21.365173 USD |
| USD 0.01 common | Sale | 17 | 21.366471 USD |
| USD 0.01 common | Sale | 21 | 21.369524 USD |
| USD 0.01 common | Sale | 176 | 21.37 USD |
| USD 0.01 common | Sale | 18 | 21.370556 USD |
| USD 0.01 common | Sale | 2 | 21.375 USD |
| USD 0.01 common | Sale | 21 | 21.375715 USD |
| USD 0.01 common | Sale | 18 | 21.378334 USD |
| USD 0.01 common | Sale | 351 | 21.38 USD |
| USD 0.01 common | Sale | 21 | 21.385239 USD |
| USD 0.01 common | Sale | 21 | 21.388572 USD |
| USD 0.01 common | Sale | 217 | 21.39 USD |
| USD 0.01 common | Sale | 21 | 21.391429 USD |
| USD 0.01 common | Sale | 399 | 21.4 USD |
| USD 0.01 common | Sale | 231 | 21.41 USD |
| USD 0.01 common | Sale | 55 | 21.42 USD |
| USD 0.01 common | Sale | 32,100 | 21.3813 USD |
| USD 0.01 common | Sale | 335 | 21.36 USD |
(b) Cash-settled derivative transactions
| Class of | Product | Nature of dealing | Number of | Price
USD |
| USD 0.01 common | Swaps | Reducing a long position | 535 | 21.3752 USD |
| USD 0.01 common | Swaps | Reducing a long position | 100 | 21.358 USD |
| USD 0.01 common | Swaps | Opening a long position | 100 | 21.3648 USD |
| USD 0.01 common | Swaps | Increasing a long position | 22 | 21.36 USD |
| USD 0.01 common | Swaps | Reducing a short position | 32,100 | 21.3788 USD |
| USD 0.01 common | Swaps | Reducing a long position | 1,739 | 21.3752 USD |
| USD 0.01 common | Swaps | Reducing a long position | 499 | 21.3752 USD |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
| Class of | Product | Writing, purchasing, selling, varying | Number | Exercise | Type | Expiry | Option |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
| Class of | Product | Exercising/ | Number of | Exercise |
| N/A | N/A | N/A | N/A | N/A |
(d) Other dealings (including transactions in respect of new securities) (Note 3)
| Class of | Nature of dealing | Details | Price per unit (if |
| N/A | N/A | N/A | N/A |
4. 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 person 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" |
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(b) Agreements, arrangements or understandings relating to options or derivatives
| Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. |
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(c) Attachments
| Is a Supplemental Form 8 attached? | No |
| Date of disclosure | 15/12/2025 |
| Contact name | Kamil Dziedzic |
| Telephone number | +353 86 168 4821 |
Public disclosures under Rule 8.3 of the Rules must be made to a Regulatory Information Service.
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