3rd Dec 2025 15:35
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: | 01 December 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 | PURCHASES | 11,421 | 168.1350 USD | 165.7700 USD |
USD 0.0001 common | SALES | 28,940 | 168.7650 USD | 165.9100 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 | 266 | 165.9100 USD |
USD 0.0001 common | CFD | increasing a long position | 742 | 165.9628 USD |
USD 0.0001 common | CFD | increasing a long position | 400 | 166.0051 USD |
USD 0.0001 common | CFD | increasing a long position | 300 | 167.3679 USD |
USD 0.0001 common | CFD | increasing a long position | 22 | 167.3679 USD |
USD 0.0001 common | CFD | increasing a long position | 143 | 167.3679 USD |
USD 0.0001 common | CFD | increasing a long position | 558 | 167.3679 USD |
USD 0.0001 common | CFD | increasing a long position | 31 | 167.3679 USD |
USD 0.0001 common | CFD | increasing a long position | 85 | 167.3679 USD |
USD 0.0001 common | CFD | increasing a long position | 1,492 | 167.3680 USD |
USD 0.0001 common | CFD | increasing a long position | 805 | 167.3872 USD |
USD 0.0001 common | CFD | increasing a long position | 388 | 167.7011 USD |
USD 0.0001 common | CFD | increasing a long position | 253 | 167.7257 USD |
USD 0.0001 common | CFD | increasing a long position | 5 | 167.8250 USD |
USD 0.0001 common | CFD | increasing a long position | 190 | 167.8861 USD |
USD 0.0001 common | CFD | increasing a long position | 100 | 168.0046 USD |
USD 0.0001 common | CFD | increasing a long position | 40 | 168.0400 USD |
USD 0.0001 common | CFD | increasing a long position | 49 | 168.0420 USD |
USD 0.0001 common | CFD | increasing a long position | 117 | 168.0614 USD |
USD 0.0001 common | CFD | increasing a long position | 188 | 168.0681 USD |
USD 0.0001 common | CFD | increasing a long position | 195 | 168.0802 USD |
USD 0.0001 common | CFD | increasing a long position | 117 | 168.1614 USD |
USD 0.0001 common | CFD | increasing a long position | 322 | 168.2170 USD |
USD 0.0001 common | CFD | increasing a long position | 2 | 168.2700 USD |
USD 0.0001 common | CFD | increasing a long position | 256 | 168.2947 USD |
USD 0.0001 common | CFD | increasing a long position | 302 | 168.3117 USD |
USD 0.0001 common | CFD | increasing a long position | 149 | 168.3732 USD |
USD 0.0001 common | CFD | increasing a long position | 140 | 168.4314 USD |
USD 0.0001 common | CFD | increasing a short position | 1 | 165.7700 USD |
USD 0.0001 common | CFD | increasing a short position | 57 | 165.9100 USD |
USD 0.0001 common | CFD | increasing a short position | 107 | 165.9100 USD |
USD 0.0001 common | CFD | increasing a short position | 7 | 165.9100 USD |
USD 0.0001 common | CFD | increasing a short position | 50 | 166.0000 USD |
USD 0.0001 common | CFD | increasing a short position | 6 | 168.0383 USD |
USD 0.0001 common | CFD | reducing a long position | 5 | 165.7700 USD |
USD 0.0001 common | CFD | reducing a long position | 113 | 165.9400 USD |
USD 0.0001 common | CFD | reducing a long position | 86 | 167.2265 USD |
USD 0.0001 common | CFD | reducing a long position | 189 | 167.8947 USD |
USD 0.0001 common | CFD | reducing a long position | 500 | 167.9945 USD |
USD 0.0001 common | CFD | reducing a long position | 3,672 | 168.0366 USD |
USD 0.0001 common | CFD | reducing a short position | 193 | 165.9100 USD |
USD 0.0001 common | CFD | reducing a short position | 3 | 165.9100 USD |
USD 0.0001 common | CFD | reducing a short position | 1 | 166.1200 USD |
USD 0.0001 common | CFD | reducing a short position | 5 | 166.3690 USD |
USD 0.0001 common | CFD | reducing a short position | 6 | 166.4400 USD |
USD 0.0001 common | CFD | reducing a short position | 50 | 166.7100 USD |
USD 0.0001 common | CFD | reducing a short position | 10 | 168.0400 USD |
USD 0.0001 common | CFD | reducing a short position | 509 | 168.0400 USD |
USD 0.0001 common | CFD | reducing a short position | 17,602 | 168.7519 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: | 03 December 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.