Form 8.5 EPT/Non RI ALPHAWAVE IP GROUP PLC

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS

(OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b)

Name of offeror/offeree in relation to whose relevant securities this form relates:

ALPHAWAVE IP GROUP PLC

(c)

Name of the party to the offer with which exempt principal trader is connected

ALPHAWAVE IP GROUP PLC

(d)

Date position held/dealing undertaken:

24 Apr 2025

(e)

In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?

YES: QUALCOMM INCORPORATED

2.

POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing (if any)

Class of relevant security:

1p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

5,034,083

0.66%

16,532,153

2.17%

(2) Cash-settled derivatives:

14,859,581

1.95%

4,712,047

0.62%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

19,893,664

2.62%

21,244,200

2.79%

Class of relevant security:

Senior unsecured Convertible Bond

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

4,200,000

2.80%

0

0.00%

(2) Cash-settled derivatives:

0

0.00%

0

0.00%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

4,200,000

2.80%

0

0.00%

(b)

Rights to subscribe for new securities (including directors and other executive options)

Class of relevant security in relation to which subscription right exists

Details, including nature of the rights concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

1p ordinary

Purchase

1282745

1.1300 GBP

1.0810 GBP

1p ordinary

Sale

1234753

1.1300 GBP

1.0810 GBP

Senior unsecured Convertible Bond

Purchase

1029710

111.7500 USD

111.7500 USD

Senior unsecured Convertible Bond

Sale

1029710

112.1250 USD

112.1250 USD

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

1p ordinary

SWAP

Increasing Long

1,458

1.0854 GBP

1p ordinary

SWAP

Increasing Long

8,792

1.0857 GBP

1p ordinary

SWAP

Increasing Long

38,226

1.0928 GBP

1p ordinary

SWAP

Increasing Long

3,335

1.0930 GBP

1p ordinary

SWAP

Increasing Long

839

1.0970 GBP

1p ordinary

SWAP

Increasing Long

54,594

1.0975 GBP

1p ordinary

SWAP

Increasing Long

6,064

1.0979 GBP

1p ordinary

SWAP

Increasing Long

11,781

1.0982 GBP

1p ordinary

SWAP

Increasing Long

1,656

1.0984 GBP

1p ordinary

SWAP

Increasing Long

4,094

1.1024 GBP

1p ordinary

SWAP

Increasing Long

12,459

1.1032 GBP

1p ordinary

SWAP

Increasing Long

30,017

1.1176 GBP

1p ordinary

SWAP

Increasing Long

20,000

1.1224 GBP

1p ordinary

SWAP

Increasing Long

33,442

1.1299 GBP

1p ordinary

SWAP

Increasing Long

174,262

1.1300 GBP

1p ordinary

SWAP

Decreasing Long

406

1.0800 GBP

1p ordinary

SWAP

Decreasing Long

14,290

1.0894 GBP

1p ordinary

SWAP

Decreasing Long

1,999

1.0937 GBP

1p ordinary

SWAP

Decreasing Long

17,397

1.0949 GBP

1p ordinary

SWAP

Decreasing Long

49,657

1.0962 GBP

1p ordinary

SWAP

Decreasing Long

17,482

1.0994 GBP

1p ordinary

SWAP

Decreasing Long

12,323

1.1012 GBP

1p ordinary

SWAP

Decreasing Long

5

1.1070 GBP

1p ordinary

SWAP

Decreasing Long

4,254

1.1094 GBP

1p ordinary

SWAP

Decreasing Long

10

1.1118 GBP

1p ordinary

SWAP

Decreasing Long

12,160

1.1140 GBP

1p ordinary

SWAP

Decreasing Long

10,005

1.1205 GBP

1p ordinary

SWAP

Decreasing Long

154,203

1.1234 GBP

1p ordinary

SWAP

Decreasing Long

94,005

1.1300 GBP

1p ordinary

CFD

Increasing Long

2,015

1.1007 GBP

1p ordinary

CFD

Increasing Long

3,154

1.1215 GBP

1p ordinary

CFD

Increasing Long

1,979

1.1242 GBP

1p ordinary

CFD

Decreasing Long

22,831

1.1012 GBP

1p ordinary

CFD

Decreasing Long

25,857

1.1080 GBP

1p ordinary

CFD

Decreasing Long

5,060

1.1300 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings 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:

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 of future acquisition or disposal of any relevant securities to which any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

25 Apr 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213