29th Oct 2025 14:05
AMENDMENT(2(b))
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 Capital Services LLC |
(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: | 27 October 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" | NO |
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 | SALES | 49,444 | 202.7300 USD | 172.4037 USD |
USD 0.0001 common | PURCHASES | 344,070 | 202.9870 USD | 168.9400 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 long position | 332 | 169.0800 USD |
USD 0.0001 common | CFD | increasing a long position | 425 | 169.1801 USD |
USD 0.0001 common | CFD | increasing a long position | 2 | 187.6400 USD |
USD 0.0001 common | CFD | increasing a long position | 70 | 187.6780 USD |
USD 0.0001 common | CFD | increasing a long position | 8,433 | 187.6800 USD |
USD 0.0001 common | CFD | increasing a long position | 11 | 187.7782 USD |
USD 0.0001 common | CFD | increasing a long position | 408 | 188.3869 USD |
USD 0.0001 common | CFD | increasing a long position | 606 | 188.3869 USD |
USD 0.0001 common | CFD | increasing a long position | 70 | 188.8161 USD |
USD 0.0001 common | CFD | increasing a long position | 15 | 189.5867 USD |
USD 0.0001 common | CFD | increasing a long position | 401 | 189.7362 USD |
USD 0.0001 common | CFD | increasing a long position | 1,131 | 189.8171 USD |
USD 0.0001 common | CFD | increasing a long position | 13 | 189.8419 USD |
USD 0.0001 common | CFD | increasing a long position | 5,772 | 189.8598 USD |
USD 0.0001 common | CFD | increasing a long position | 3,424 | 189.8598 USD |
USD 0.0001 common | CFD | increasing a long position | 228 | 189.9802 USD |
USD 0.0001 common | CFD | increasing a long position | 1 | 190.0100 USD |
USD 0.0001 common | CFD | increasing a long position | 37 | 190.1930 USD |
USD 0.0001 common | CFD | increasing a long position | 407 | 190.4487 USD |
USD 0.0001 common | CFD | increasing a long position | 607 | 190.4487 USD |
USD 0.0001 common | CFD | increasing a long position | 10 | 190.7331 USD |
USD 0.0001 common | CFD | increasing a long position | 11 | 191.2035 USD |
USD 0.0001 common | CFD | increasing a long position | 1,294 | 191.9818 USD |
USD 0.0001 common | CFD | increasing a long position | 1,214 | 194.8711 USD |
USD 0.0001 common | CFD | increasing a long position | 815 | 194.8711 USD |
USD 0.0001 common | CFD | increasing a long position | 500 | 198.0000 USD |
USD 0.0001 common | CFD | increasing a long position | 150 | 198.6733 USD |
USD 0.0001 common | CFD | increasing a long position | 50 | 199.6900 USD |
USD 0.0001 common | CFD | increasing a short position | 128 | 187.6780 USD |
USD 0.0001 common | CFD | increasing a short position | 8 | 187.6800 USD |
USD 0.0001 common | CFD | increasing a short position | 25 | 188.2700 USD |
USD 0.0001 common | CFD | increasing a short position | 32 | 188.6100 USD |
USD 0.0001 common | CFD | increasing a short position | 200 | 188.7700 USD |
USD 0.0001 common | CFD | increasing a short position | 10 | 188.8600 USD |
USD 0.0001 common | CFD | increasing a short position | 700 | 188.9350 USD |
USD 0.0001 common | CFD | increasing a short position | 65 | 188.9586 USD |
USD 0.0001 common | CFD | increasing a short position | 700 | 189.2448 USD |
USD 0.0001 common | CFD | increasing a short position | 50 | 189.2500 USD |
USD 0.0001 common | CFD | increasing a short position | 700 | 189.2986 USD |
USD 0.0001 common | CFD | increasing a short position | 28 | 189.4900 USD |
USD 0.0001 common | CFD | increasing a short position | 10 | 189.5100 USD |
USD 0.0001 common | CFD | increasing a short position | 200 | 189.6100 USD |
USD 0.0001 common | CFD | increasing a short position | 26 | 189.6300 USD |
USD 0.0001 common | CFD | increasing a short position | 76 | 189.7100 USD |
USD 0.0001 common | CFD | increasing a short position | 700 | 189.7686 USD |
USD 0.0001 common | CFD | increasing a short position | 15 | 189.8700 USD |
USD 0.0001 common | CFD | increasing a short position | 10 | 189.9600 USD |
USD 0.0001 common | CFD | increasing a short position | 700 | 190.0700 USD |
USD 0.0001 common | CFD | increasing a short position | 600 | 190.0900 USD |
USD 0.0001 common | CFD | increasing a short position | 300 | 190.0917 USD |
USD 0.0001 common | CFD | increasing a short position | 1,400 | 190.4250 USD |
USD 0.0001 common | CFD | increasing a short position | 1,400 | 190.4600 USD |
USD 0.0001 common | CFD | increasing a short position | 300 | 190.6100 USD |
USD 0.0001 common | CFD | increasing a short position | 1,200 | 190.6250 USD |
USD 0.0001 common | CFD | increasing a short position | 1,400 | 190.6396 USD |
USD 0.0001 common | CFD | increasing a short position | 1,400 | 190.6932 USD |
USD 0.0001 common | CFD | increasing a short position | 10 | 190.7100 USD |
USD 0.0001 common | CFD | increasing a short position | 1,300 | 190.7157 USD |
USD 0.0001 common | CFD | increasing a short position | 1,300 | 190.7292 USD |
USD 0.0001 common | CFD | increasing a short position | 200 | 190.7400 USD |
USD 0.0001 common | CFD | increasing a short position | 200 | 190.8500 USD |
USD 0.0001 common | CFD | increasing a short position | 2,700 | 190.8656 USD |
USD 0.0001 common | CFD | increasing a short position | 200 | 190.9650 USD |
USD 0.0001 common | CFD | increasing a short position | 800 | 190.9654 USD |
USD 0.0001 common | CFD | increasing a short position | 2,700 | 190.9724 USD |
USD 0.0001 common | CFD | increasing a short position | 1,400 | 191.1283 USD |
USD 0.0001 common | CFD | increasing a short position | 700 | 191.2150 USD |
USD 0.0001 common | CFD | increasing a short position | 700 | 191.2656 USD |
USD 0.0001 common | CFD | increasing a short position | 600 | 191.4442 USD |
USD 0.0001 common | CFD | increasing a short position | 700 | 192.3986 USD |
USD 0.0001 common | CFD | increasing a short position | 46 | 192.5900 USD |
USD 0.0001 common | CFD | increasing a short position | 100 | 192.6100 USD |
USD 0.0001 common | CFD | increasing a short position | 400 | 192.6550 USD |
USD 0.0001 common | CFD | increasing a short position | 39 | 192.6800 USD |
USD 0.0001 common | CFD | increasing a short position | 300 | 192.6829 USD |
USD 0.0001 common | CFD | increasing a short position | 12 | 192.8300 USD |
USD 0.0001 common | CFD | increasing a short position | 10 | 192.8550 USD |
USD 0.0001 common | CFD | increasing a short position | 65 | 192.8700 USD |
USD 0.0001 common | CFD | increasing a short position | 21 | 192.9500 USD |
USD 0.0001 common | CFD | increasing a short position | 1,300 | 192.9708 USD |
USD 0.0001 common | CFD | increasing a short position | 14 | 192.9900 USD |
USD 0.0001 common | CFD | increasing a short position | 200 | 193.0700 USD |
USD 0.0001 common | CFD | increasing a short position | 10 | 193.5650 USD |
USD 0.0001 common | CFD | increasing a short position | 700 | 193.6350 USD |
USD 0.0001 common | CFD | increasing a short position | 24,000 | 193.7653 USD |
USD 0.0001 common | CFD | increasing a short position | 58 | 193.8100 USD |
USD 0.0001 common | CFD | increasing a short position | 700 | 193.8607 USD |
USD 0.0001 common | CFD | increasing a short position | 700 | 193.9295 USD |
USD 0.0001 common | CFD | increasing a short position | 300 | 194.1050 USD |
USD 0.0001 common | CFD | increasing a short position | 900 | 195.4289 USD |
USD 0.0001 common | CFD | increasing a short position | 1,023 | 196.0700 USD |
USD 0.0001 common | CFD | increasing a short position | 410 | 199.1732 USD |
USD 0.0001 common | CFD | increasing a short position | 1,000 | 202.9870 USD |
USD 0.0001 common | CFD | reducing a long position | 74,157 | 168.9400 USD |
USD 0.0001 common | CFD | reducing a long position | 44 | 179.3285 USD |
USD 0.0001 common | CFD | reducing a long position | 963 | 183.6541 USD |
USD 0.0001 common | CFD | reducing a long position | 267 | 185.4572 USD |
USD 0.0001 common | CFD | reducing a long position | 8,433 | 187.6800 USD |
USD 0.0001 common | CFD | reducing a long position | 1,247 | 189.0586 USD |
USD 0.0001 common | CFD | reducing a long position | 605 | 189.1455 USD |
USD 0.0001 common | CFD | reducing a long position | 6,056 | 189.3277 USD |
USD 0.0001 common | CFD | reducing a long position | 693 | 189.5213 USD |
USD 0.0001 common | CFD | reducing a long position | 3,600 | 189.9295 USD |
USD 0.0001 common | CFD | reducing a long position | 9,901 | 189.9938 USD |
USD 0.0001 common | CFD | reducing a long position | 9,084 | 190.0150 USD |
USD 0.0001 common | CFD | reducing a long position | 3,321 | 190.3509 USD |
USD 0.0001 common | CFD | reducing a long position | 3,645 | 190.6889 USD |
USD 0.0001 common | CFD | reducing a long position | 3,853 | 193.6046 USD |
USD 0.0001 common | CFD | reducing a long position | 1,344 | 193.7720 USD |
USD 0.0001 common | CFD | reducing a long position | 107 | 194.9897 USD |
USD 0.0001 common | CFD | reducing a long position | 135,902 | 198.7793 USD |
USD 0.0001 common | CFD | reducing a long position | 40 | 200.1183 USD |
USD 0.0001 common | CFD | reducing a short position | 80 | 174.1199 USD |
USD 0.0001 common | CFD | reducing a short position | 15 | 174.1205 USD |
USD 0.0001 common | CFD | reducing a short position | 404 | 178.8900 USD |
USD 0.0001 common | CFD | reducing a short position | 70 | 178.8901 USD |
USD 0.0001 common | CFD | reducing a short position | 780 | 182.2700 USD |
USD 0.0001 common | CFD | reducing a short position | 134 | 182.2701 USD |
USD 0.0001 common | CFD | reducing a short position | 102 | 185.6599 USD |
USD 0.0001 common | CFD | reducing a short position | 589 | 185.6600 USD |
USD 0.0001 common | CFD | reducing a short position | 300 | 187.1241 USD |
USD 0.0001 common | CFD | reducing a short position | 42 | 187.6800 USD |
USD 0.0001 common | CFD | reducing a short position | 200 | 188.4350 USD |
USD 0.0001 common | CFD | reducing a short position | 123 | 188.4427 USD |
USD 0.0001 common | CFD | reducing a short position | 12,000 | 188.8241 USD |
USD 0.0001 common | CFD | reducing a short position | 31 | 188.9754 USD |
USD 0.0001 common | CFD | reducing a short position | 1,923 | 189.2939 USD |
USD 0.0001 common | CFD | reducing a short position | 70 | 190.0657 USD |
USD 0.0001 common | CFD | reducing a short position | 170 | 190.4624 USD |
USD 0.0001 common | CFD | reducing a short position | 17 | 190.6617 USD |
USD 0.0001 common | CFD | reducing a short position | 92 | 190.6617 USD |
USD 0.0001 common | CFD | reducing a short position | 300 | 191.5300 USD |
USD 0.0001 common | CFD | reducing a short position | 10 | 191.5700 USD |
USD 0.0001 common | CFD | reducing a short position | 77 | 191.7105 USD |
USD 0.0001 common | CFD | reducing a short position | 10 | 192.5400 USD |
USD 0.0001 common | CFD | reducing a short position | 88 | 193.3450 USD |
USD 0.0001 common | CFD | reducing a short position | 61 | 193.8282 USD |
USD 0.0001 common | CFD | reducing a short position | 15 | 193.8800 USD |
USD 0.0001 common | CFD | reducing a short position | 500 | 194.0370 USD |
USD 0.0001 common | CFD | reducing a short position | 1,000 | 195.2850 USD |
USD 0.0001 common | CFD | reducing a short position | 1,000 | 195.5200 USD |
USD 0.0001 common | CFD | reducing a short position | 1,000 | 198.1520 USD |
USD 0.0001 common | CFD | reducing a short position | 1,000 | 198.2930 USD |
USD 0.0001 common | CFD | reducing a short position | 1,000 | 198.8910 USD |
USD 0.0001 common | CFD | reducing a short position | 1,000 | 200.1640 USD |
USD 0.0001 common | CFD | reducing a short position | 10 | 200.8550 USD |
USD 0.0001 common | CFD | reducing a short position | 43 | 201.0700 USD |
USD 0.0001 common | CFD | reducing a short position | 10 | 201.3210 USD |
USD 0.0001 common | CFD | reducing a short position | 11 | 201.7100 USD |
USD 0.0001 common | CFD | reducing a short position | 700 | 201.8414 USD |
USD 0.0001 common | CFD | reducing a short position | 70 | 202.2407 USD |
USD 0.0001 common | CFD | reducing a short position | 11 | 202.2407 USD |
USD 0.0001 common | CFD | reducing a short position | 31 | 202.2407 USD |
USD 0.0001 common | CFD | reducing a short position | 116 | 202.2407 USD |
USD 0.0001 common | CFD | reducing a short position | 1,500 | 202.7747 USD |
USD 0.0001 common | CFD | reducing a short position | 10 | 202.9000 USD |
USD 0.0001 common | CFD | reducing a short position | 10 | 203.1000 USD |
USD 0.0001 common | CFD | reducing a short position | 11 | 203.3400 USD |
USD 0.0001 common | CFD | reducing a short position | 22 | 203.3950 USD |
USD 0.0001 common | CFD | reducing a short position | 700 | 203.4750 USD |
USD 0.0001 common | CFD | reducing a short position | 300 | 203.5267 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 |
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: | 29 October 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.