2nd Apr 2025 13:28
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 | Alphawave IP Group plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Alphawave IP Group plc |
(d) Date dealing undertaken: | 1 April 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 this offer? If it is a cash offer or possible cash offer, state "N/A" | Yes , Qualcomm Incorporated |
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 |
1p ordinary | Purchase
Sale | 5,009,099
6,007,442 | 1.3915 GBP
1.3960 GBP | 0.9370 GBP
0.9320 GBP |
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
Senior unsecured convertible bond | Purchase
Sale | 4,000,000
1,000,000 | 121.5000 USD
120.7500 USD | 121.5000 USD
120.7500 USD |
(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 |
1p ordinary | Equity Swap | Decrease Long
Increase Long
Increase Short
Opening a long position
Opening a short position
| 1 11,827 1,682 7,469 27,992 13,341 21,230 408 3,206 7 140,560 2,041 254,401 403 242,780 68,701 3,502 4
1 9 83,403 99,435 8,594 1,526 26,490 986 5,577 270,578 24,409 972 2,759 4,052 100,000
7,057 549 350,099
3,784 42,900 3,705 765 40,343 5,000 25,117 1,441,590
42,980 5,000 1,459 936 5,859
| 0.9370 GBP 0.9461 GBP 0.9561 GBP 1.0287 GBP 1.0296 GBP 1.0318 GBP 1.0623 GBP 1.0722 GBP 1.0792 GBP 1.1520 GBP 1.2884 GBP 1.3010 GBP 1.3551 GBP 1.3614 GBP 1.3632 GBP 1.3655 GBP 1.3700 GBP 1.3701 GBP
0.9440 GBP 1.0330 GBP 1.1244 GBP 1.1641 GBP 1.1902 GBP 1.2491 GBP 1.2709 GBP 1.2747 GBP 1.2836 GBP 1.2931 GBP 1.3161 GBP 1.3374 GBP 1.3699 GBP 1.3700 GBP 1.7351 GBP
1.0016 GBP 1.0017 GBP 1.7300 GBP
0.9671 GBP 1.0889 GBP 1.3330 GBP 1.3350 GBP 1.3607 GBP 1.3624 GBP 1.3651 GBP 1.7300 GBP
1.0239 GBP 1.3365 GBP 1.3549 GBP 1.3600 GBP 1.3700 GBP |
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 |
Senior unsecured convertible bond | Equity Swap | Opening a long position
Opening a short position | 1,000,000
4,000,000 | 121.0863 USD
121.8363 USD |
(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 |
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(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) |
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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
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(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
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| Date of disclosure: | 2 April 2025 |
| Contact name: | Hetvi Shah |
| Telephone number: | 44 2034 936359 |
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.
Related Shares:
Alphawave Ip