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:

20 Jun 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: AQUA ACQUISITION SUB LLC (AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF 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:

15,410,435

1.99%

5,428,695

0.70%

(2) Cash-settled derivatives:

3,680,340

0.48%

15,266,899

1.98%

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

0

0.00%

0

0.00%

TOTAL: 

19,090,775

2.47%

20,695,594

2.68%

Class of relevant security:

Senior unsecured convertible bond

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

3,000,000

2.00%

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: 

3,000,000

2.00%

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

2137666

1.7688 GBP

1.7470 GBP

1p ordinary

Sale

514966

1.7671 GBP

1.7467 GBP

(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 Short

17,400

1.7474 GBP

1p ordinary

SWAP

Increasing Short

1,280

1.7507 GBP

1p ordinary

SWAP

Increasing Short

803

1.7781 GBP

1p ordinary

SWAP

Decreasing Short

3

1.7467 GBP

1p ordinary

SWAP

Decreasing Short

341

1.7469 GBP

1p ordinary

SWAP

Decreasing Short

15,228

1.7470 GBP

1p ordinary

SWAP

Decreasing Short

20,376

1.7548 GBP

1p ordinary

SWAP

Decreasing Short

18,325

1.7551 GBP

1p ordinary

SWAP

Decreasing Short

80,318

1.7570 GBP

1p ordinary

SWAP

Decreasing Short

76,830

1.7580 GBP

1p ordinary

SWAP

Decreasing Short

7,466

1.7583 GBP

1p ordinary

SWAP

Decreasing Short

105,256

1.7587 GBP

1p ordinary

SWAP

Decreasing Short

6,252

1.7614 GBP

1p ordinary

SWAP

Decreasing Short

6,005

1.7615 GBP

1p ordinary

SWAP

Decreasing Short

20,435

1.7769 USD

1p ordinary

SWAP

Increasing Short

20,435

0.0238 USD

1p ordinary

SWAP

Increasing Short

173,996

1.7470 GBP

1p ordinary

SWAP

Increasing Short

745,794

1.7471 GBP

1p ordinary

SWAP

Increasing Short

159,645

1.7472 GBP

1p ordinary

SWAP

Increasing Short

18,853

1.7516 GBP

1p ordinary

SWAP

Increasing Short

38,652

1.7522 GBP

1p ordinary

SWAP

Increasing Short

10,347

1.7567 GBP

1p ordinary

SWAP

Increasing Short

2,428

1.7572 GBP

1p ordinary

SWAP

Increasing Short

5,142

1.7588 GBP

1p ordinary

SWAP

Increasing Short

531,756

1.7596 GBP

1p ordinary

SWAP

Increasing Short

3,236

1.7609 GBP

1p ordinary

SWAP

Increasing Short

9,304

1.7615 GBP

1p ordinary

SWAP

Increasing Short

38,400

1.7668 GBP

1p ordinary

SWAP

Increasing Short

19,200

1.7688 GBP

1p ordinary

CFD

Increasing Short

87,976

1.7588 GBP

1p ordinary

CFD

Increasing Short

11,293

1.7600 GBP

1p ordinary

CFD

Increasing Short

19,398

1.7602 GBP

1p ordinary

SWAP

Increasing Short

65,000

1.7613 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:

23 Jun 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213