ALPHAWAVE IP GROUP PLC
Exercise of Options by persons closely associated with PDMR
LONDON, United Kingdom and TORONTO, Ontario, Canada 21 November 2024 - Alphawave IP Group plc (LSE: AWE, the "Company" or "Alphawave Semi").
July Twelve Capital Limited is a person closely associated (within the meaning of the Market Abuse Regulation) with John Lofton Holt, the executive chairman of the Company.
Pitech Investments Inc. is a person closely associated with Tony Pialis, the CEO of the Company.
Jeevan Capital Inc. is a person closely associated with Rajeevan Mahadevan, SVP of the Company.
2641239 Ontario Inc. is a person closely associated with Jonathan Rodgers, SVP of the Company.
As disclosed in the IPO prospectus, July Twelve Capital Limited has options to purchase up to 51,531,420 shares in aggregate from entities associated with Tony Pialis (Pitech Investments Inc.), Rajeevan Mahadevan (Jeevan Capital Inc.) and Jonathan Rogers (2641239 Ontario Inc.)
On 21 November 2024, the Company was notified that July Twelve Capital Limited has exercised a proportion of the option to acquire 18,693,708 shares for a total exercise price of $4,315,442.49 in the following manner:
| Transferor(s) | Ordinary shares acquired |
| Pitech Investments Inc. | 6,231,236 |
| Jeevan Capital Inc. | 6,231,236 |
| 2641239 Ontario Inc. | 6,231,236 |
and, accordingly, Pitech Investments Inc. has disposed of 6,231,236 shares, Jeevan Capital Inc. has disposed of 6,231,236 shares & 2641239 Ontario Inc. has disposed of 6,231,236 shares.
The notifications below are made under the UK Market Abuse Regulation ("MAR") relating to certain transactions by persons closely associated with persons discharging managerial responsibilities ("PDMR") in the shares of the Company.
About Alphawave Semi (LSE: AWE)
Alphawave Semi is a global leader in high-speed connectivity for the World's technology infrastructure. Faced with the exponential growth of data, Alphawave Semi's technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power. We are a vertically integrated semiconductor company, and our IP, custom silicon, and connectivity products are deployed by global tier-one customers in data centres, compute, networking, AI, 5G, autonomous vehicles, and storage. Founded in 2017 by an expert technical team with a proven track record in licensing semiconductor IP, our mission is to accelerate the critical data infrastructure at the heart of our digital world. To find out more about Alphawave Semi, visit: awavesemi.com.
Alphawave Semi and the Alphawave Semi logo are trademarks of Alphawave IP Group plc. All rights reserved.
Contact Information
| Alphawave Semi
| John Lofton Holt, Executive Chair Rahul Mathur, CFO | ir@awavesemi.com +44 (0) 20 7717 5877 |
| Grand Bridges | Claudia Cano-Manuel | press@awavesemi.com |
| Marketing Limited | | +44 (0) 75 6218 2327 |
LEI: 213800ZXTO21EU4VMH37
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them ("PCAs")
The Company was notified that July Twelve Capital Limited, a PCA with John Lofton Holt, Executive Chairman of the Company, purchased 18,693,708 Ordinary Shares of £0.01 each in the capital of the Company at a price of USD 0.23085 per Ordinary Share. Full details are set out below.
| 1 | Details of PDMR / PCA | ||
| a)
| Name(s) | July Twelve Capital Limited | |
| 2 | Reason for the notification
| ||
| a) | Position/status | July Twelve Capital Limited is a person closely associated with John Lofton Holt, who is a director and Executive Chairman of the Company. | |
| b) | Initial notification/amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Alphawave IP Group plc | |
| b) | LEI | 213800ZXTO21EU4VMH37 | |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a) | Description of the financial instrument | Ordinary Shares of £0.01 each Identification code (ISIN): GB00BNDRMJ14 | |
| b) | Nature of the transactions | Purchase of shares | |
| c) | Price(s) and volume(s) | Price (s) USD 0.23085 USD 0.23085 USD 0.23085 | Volume (s) 6,231,236 6,231,236 6,231,236 |
| d) | Currency | USD | |
| e) | Aggregated information Aggregated Volume Price |
18,693,708 USD 4,315,442.49 | |
| f) | Date of the transactions | 19 November 2024 20 November 2024 21 November 2024 | |
| g) | Place of the transactions | London Stock Exchange (XLON) | |
The Company was notified that Pitech Investments Inc, a PCA with Tony Pialis, Chief Executive Officer of the Company, disposed of 6,231,236 Ordinary Shares of £0.01 each in the capital of the Company at a price of USD 0.23085 per Ordinary Share. Full details are set out below.
| 1 | Details of PDMR / PCA | ||
| a)
| Name(s) | Pitech Investments Inc. | |
| 2 | Reason for the notification
| ||
| a) | Position/status | Pitech Investments Inc. is a person closely associated with Tony Pialis, who is a director and Chief Executive officer of the Company. | |
| b) | Initial notification/amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Alphawave IP Group plc | |
| b) | LEI | 213800ZXTO21EU4VMH37 | |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a) | Description of the financial instrument | Ordinary Shares of £0.01 each Identification code (ISIN): GB00BNDRMJ14 | |
| b) | Nature of the transaction | Disposal of shares | |
| c) | Price(s) and volume(s) | Price (s) USD 0.23085 | Volume (s) 6,231,236 |
| d) | Currency | USD | |
| e) | Aggregated information Aggregated Volume Price |
N/A - Single transaction | |
| f) | Date of the transaction | 21 November 2024 | |
| g) | Place of the transaction | London Stock Exchange (XLON) | |
The Company was notified that 2641239 Ontario Inc, a PCA with Jonathan Rogers, SVP of the Company, disposed of 6,231,236 Ordinary Shares of £0.01 each in the capital of the Company at a price of USD 0.23085 per Ordinary Share. Full details are set out below.
| 1 | Details of PDMR / PCA | ||
| a)
| Name(s) | 2641239 Ontario Inc | |
| 2 | Reason for the notification
| ||
| a) | Position/status | 2641239 Ontario Inc. is a person closely associated with Jonathan Rogers, who is a SVP of the Company. | |
| b) | Initial notification/amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Alphawave IP Group plc | |
| b) | LEI | 213800ZXTO21EU4VMH37 | |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a) | Description of the financial instrument | Ordinary Shares of £0.01 each Identification code (ISIN): GB00BNDRMJ14 | |
| b) | Nature of the transaction | Disposal of shares | |
| c) | Price(s) and volume(s) | Price (s) USD 0.23085 | Volume (s) 6,231,236 |
| d) | Currency | USD | |
| e) | Aggregated information Aggregated Volume Price |
N/A - Single transaction | |
| f) | Date of the transaction | 20 November 2024 | |
| g) | Place of the transaction | London Stock Exchange (XLON) | |
The Company was notified that Jeevan Capital Inc. a PCA with Raj Mahadevan, SVP, of the Company, disposed of 6,231,236 Ordinary Shares of £0.01 each in the capital of the Company at a price of USD 0.23085 per Ordinary Share. Full details are set out below.
| 1 | Details of PDMR / PCA | ||
| a)
| Name(s) | Jeevan Capital Inc. | |
| 2 | Reason for the notification
| ||
| a) | Position/status | Person closely associated with Raj Mahadevan, SVP of the Company. | |
| b) | Initial notification/amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Alphawave IP Group plc | |
| b) | LEI | 213800ZXTO21EU4VMH37 | |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a) | Description of the financial instrument | Ordinary Shares of £0.01 each Identification code (ISIN): GB00BNDRMJ14 | |
| b) | Nature of the transaction | Disposal of shares | |
| c) | Price(s) and volume(s) | Price (s) USD 0.23085 | Volume (s) 6,231,236 |
| d) | Currency | USD | |
| e) | Aggregated information Aggregated Volume Price |
N/A - Single transaction | |
| f) | Date of the transaction | 19 November 2024 | |
| g) | Place of the transaction | London Stock Exchange (XLON) | |
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