19th Nov 2025 16:43
AMENDMENT(2(a))
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: | Morgan Stanley & Co. International plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Aqua Acquisition Sub LLC (an indirect wholly-owned subsidiary of Qualcomm Incorporated) |
(c) Name of the party to the offer with which exempt principal trader is connected: | Alphawave IP Group plc |
(d) Date dealing undertaken: | 17 November 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 - Alphawave IP Group plc |
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 |
USD 0.0001 common | PURCHASES | 43 | 148.5533 EUR | 145.7600 EUR |
USD 0.0001 common | SALES | 11 | 150.1400 EUR | 146.4000 EUR |
USD 0.0001 common | PURCHASES | 17,516 | 174.2031 USD | 166.6300 USD |
USD 0.0001 common | SALES | 15,258 | 174.2031 USD | 166.6310 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 |
USD 0.0001 common | CFD | increasing a short position | 3 | 145.7800 EUR |
USD 0.0001 common | CFD | increasing a short position | 34 | 146.0765 EUR |
USD 0.0001 common | CFD | increasing a short position | 3 | 148.5533 EUR |
USD 0.0001 common | CFD | reducing a short position | 2 | 148.9400 EUR |
USD 0.0001 common | CFD | reducing a short position | 4 | 149.5600 EUR |
USD 0.0001 common | CFD | reducing a short position | 2 | 150.1400 EUR |
USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MB7K6D9) | LONG | 65 | 10.9100 EUR |
USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MC2W7C8) | SHORT | 150 | 15.4500 EUR |
USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MG4X4R1) | LONG | 638 | 4.2600 EUR |
USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MK45R42) | LONG | 215 | 1.4223 EUR |
USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MK45R42) | SHORT | 233 | 2.1600 EUR |
USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MK4F8F1) | LONG | 66 | 15.7800 EUR |
USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MK4F8F1) | SHORT | 66 | 17.3600 EUR |
USD 0.0001 common | Mini Future (ISIN GB00BL01V629) | SHORT | 43 | 70.7600 SEK |
USD 0.0001 common | Miscellaneous Leverage Without Knock Out (ISIN DE000MG7U9Y6) | LONG | 1,481 | 1.8300 EUR |
USD 0.0001 common | Miscellaneous Leverage Without Knock Out (ISIN DE000MK3KXR0) | LONG | 6,666 | 0.3100 EUR |
USD 0.0001 common | Miscellaneous Leverage Without Knock Out (ISIN DE000MK3KXR0) | SHORT | 5,000 | 0.2500 EUR |
USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MB9PYN4) | LONG | 157 | 6.7000 EUR |
USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MD950L5) | LONG | 100 | 5.2600 EUR |
USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000ME2TD53) | LONG | 477 | 4.0100 EUR |
USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000ME47K03) | SHORT | 399 | 7.4336 EUR |
USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MJ0UJ06) | LONG | 130 | 4.0000 EUR |
USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MJ0UJ06) | SHORT | 130 | 4.7000 EUR |
USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MK66929) | LONG | 99 | 2.4000 EUR |
USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MK7Y3V3) | SHORT | 100 | 3.8600 EUR |
USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MM1UKA4) | LONG | 2,200 | 1.7600 EUR |
USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MM5T6S7) | SHORT | 575 | 0.9000 EUR |
USD 0.0001 common | Warrants (ISIN DE000ME3XLD6) | LONG | 220 | 2.8200 EUR |
USD 0.0001 common | Warrants (ISIN DE000ME65YX7) | LONG | 11,068 | 1.6659 EUR |
USD 0.0001 common | Warrants (ISIN DE000MG7CP58) | LONG | 1,500 | 0.8667 EUR |
USD 0.0001 common | Warrants (ISIN DE000MG7CPN9) | LONG | 8,150 | 0.3721 EUR |
USD 0.0001 common | Warrants (ISIN DE000MG7CPN9) | SHORT | 2,500 | 0.4900 EUR |
USD 0.0001 common | Warrants (ISIN DE000MG7CPW0) | LONG | 4,400 | 1.1075 EUR |
USD 0.0001 common | Warrants (ISIN DE000MG7CR23) | SHORT | 500 | 1.0700 EUR |
USD 0.0001 common | Warrants (ISIN DE000MG7U5W8) | SHORT | 300 | 0.4300 EUR |
USD 0.0001 common | Warrants (ISIN DE000MG83VC5) | LONG | 17,155 | 0.2080 EUR |
USD 0.0001 common | Warrants (ISIN DE000MG83VC5) | SHORT | 14,467 | 0.2450 EUR |
USD 0.0001 common | Warrants (ISIN DE000MJ5QFE0) | LONG | 21,000 | 1.6302 EUR |
USD 0.0001 common | Warrants (ISIN DE000MJ85PU8) | LONG | 3,000 | 0.0630 EUR |
USD 0.0001 common | Warrants (ISIN DE000MJ85PX2) | LONG | 1,800 | 2.6300 EUR |
USD 0.0001 common | Warrants (ISIN DE000MJ85PX2) | SHORT | 2,332 | 2.4034 EUR |
USD 0.0001 common | Warrants (ISIN DE000MK9KFN3) | LONG | 100 | 3.4700 EUR |
USD 0.0001 common | Warrants (ISIN DE000MK9KFN3) | SHORT | 315 | 3.6900 EUR |
USD 0.0001 common | Warrants (ISIN DE000MK9KFP8) | LONG | 700 | 3.8000 EUR |
USD 0.0001 common | Warrants (ISIN DE000MK9KFP8) | SHORT | 150 | 3.5000 EUR |
USD 0.0001 common | Warrants (ISIN DE000MK9KFU8) | LONG | 180 | 2.9600 EUR |
(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 |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | N/A | N/A | N/A | N/A |
(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) |
N/A | N/A | N/A | N/A |
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
|
(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
|
| Date of disclosure: | 19 November 2025 |
| Contact name: | Claire Gordon |
| Telephone number: | +44 141 245-8893 |
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.