Scienza e Tecnologia
Avast plc Full Year Results For The Year Ended 31 December 2021
On 10 August 2021 , the Boards of Avast plc and NortonLifeLock Inc. ('NortonLifeLock') announced that they had agreed the terms of a recommended Merger of Avast with NortonLifeLock, in the form of a recommended offer by Nitro Bidco Limited ('Bidco'), a wholly-owned subsidiary of NortonLifeLock, for the entire issued and to be issued ordinary share capital of the Company (the 'Merger'). The Merger is proposed to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the 'Scheme'), and is subject to the terms and conditions set out in the scheme document that was published on
28 October 2021 (the 'Scheme Document'). The requisite approvals of NortonLifeLock's and Avast's shareholders were obtained on
4 November 2021 and 18 November 2021 respectively. The Scheme is subject to the sanction by the Court and the satisfaction (or, where applicable, the waiver) of the antitrust and regulatory conditions that have not yet been satisfied or waived as set out in the Scheme Document (the 'Regulatory Conditions').
In the Scheme Document, the parties stated that they expected the Scheme to become effective in mid-2022. However, on 4 February 2022 , NortonLifeLock and Avast announced a revised timetable for the Merger, with an effective date of 24 February 2022 (subject to the sanction by the Court and the satisfaction (or, where applicable, the waiver) of the Regulatory Conditions. On 18 February 2022 , NortonLifeLock determined that it was appropriate to postpone the effective date of the Merger and announced that they expected (subject to the satisfaction or, where applicable, waiver) by NortonLifeLock of each of the Regulatory Conditions that have not yet been satisfied or waived, the effective date to be 4 April 2022 .
The Company intends to publish its Annual Report and Accounts 2021 at a later date to be announced in due course. Once published, this document will be available to view on the Company website at https://investors.avast.com and, if applicable, will be submitted to the National Storage Mechanism for inspection at www.morningstar.co.uk/uk/nsm.
Investors and analysts:
Kalli Bowyer
Anca Timpescu
IR@avast.com
Media:
Stephanie Kane , VP PR and Corporate Communications
mediarelations@avast.com
Tavistock
+44 20 7920 3150
Logo - https://mma.prnewswire.com/media/1627507/Avast_New_Logo.jpg