| FORM 8.5 (EPT/NON-RI) | |||||||
| PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN | |||||||
| EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS | |||||||
| (OR WHERE RI STATUS IS NOT APPLICABLE) | |||||||
| Rule 8.5 of the Takeover Code (the "Code") | |||||||
| 1. | KEY INFORMATION | ||||||
| (a) | Name of exempt principal trader: |
| BARCLAYS CAPITAL SECURITIES LTD | ||||
| (b) | Name of offeror/offeree in relation to whose |
| ALPHAWAVE IP GROUP PLC | ||||
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| relevant securities this form relates: |
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| (c) | Name of the party to the offer with which exempt | ALPHAWAVE IP GROUP PLC | |||||
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| principal trader is connected |
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| (d) | Date position held/dealing undertaken: |
| 24 Jun 2025 | ||||
| (e) | In addition to the company in 1(b) above, is the exempt principal | YES: |
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| trader making disclosures in respect of any other party to the offer? | AQUA ACQUISITION SUB LLC (AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF QUALCOMM INCORPORATED) |
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| 2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing (if any) |
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| Class of relevant security: | 1p ordinary | ||||||
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| Interests | Short Positions | |||||
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| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
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| and/or controlled: |
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| 15,923,396 | 2.06% | 5,906,473 | 0.76% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 4,095,298 | 0.53% | 15,768,398 | 2.04% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 20,018,694 | 2.59% | 21,674,871 | 2.81% |
| Class of relevant security: | Senior unsecured convertible bond | ||||||
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| Interests | Short Positions | |||||
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| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
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| and/or controlled: |
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| 3,000,000 | 2.00% | 0 | 0.00% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 0 | 0.00% | 0 | 0.00% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 3,000,000 | 2.00% | 0 | 0.00% |
| (b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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| Class of relevant security in relation to |
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| which subscription right exists |
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| Details, including nature of the rights |
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| concerned and relevant percentages: |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales |
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| Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
| security |
| securities | paid/received | paid/received | |||
| 1p ordinary | Purchase | 1,209,884 | 1.7436 GBP | 1.7200 GBP | |||
| 1p ordinary | Sale | 1,258,626 | 1.7400 GBP | 1.7250 GBP | |||
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| (b) | Cash-settled derivative transactions |
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| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
| security |
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| securities |
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| 1p ordinary | SWAP | Increasing Short | 9,501 | 1.7323 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 4,274 | 1.7324 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 34,500 | 1.7436 USD | |||
| 1p ordinary | SWAP | Decreasing Short | 357 | 1.7250 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 1,082 | 1.7273 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 43,230 | 1.7280 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 29,924 | 1.7283 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 1,996 | 1.7290 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 76,558 | 1.7320 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 1,147 | 1.7365 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 40 | 1.7376 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 26,983 | 1.7379 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 2,590 | 1.7392 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 27,033 | 1.7393 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 1,778 | 1.7395 GBP | |||
| 1p ordinary | SWAP | Decreasing Short | 387,430 | 1.7400 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 78,371 | 1.7252 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 27,957 | 1.7259 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 14,173 | 1.7266 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 37,668 | 1.7283 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 144,173 | 1.7318 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 143,742 | 1.7319 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 1,261 | 1.7322 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 40,966 | 1.7326 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 7,084 | 1.7333 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 19,062 | 1.7334 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 15,961 | 1.7335 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 402 | 1.7341 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 2 | 1.7350 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 200,000 | 1.7354 USD | |||
| 1p ordinary | SWAP | Increasing Short | 259 | 1.7360 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 4,941 | 1.7376 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 4,360 | 1.7400 GBP | |||
| 1p ordinary | SWAP | Increasing Short | 626 | 1.7405 GBP | |||
| 1p ordinary | CFD | Decreasing Short | 14,883 | 1.7295 GBP | |||
| 1p ordinary | CFD | Increasing Short | 3,253 | 1.7290 GBP | |||
| 1p ordinary | CFD | Increasing Short | 6,111 | 1.7341 GBP | |||
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| (c) | Stock-settled derivative transactions (including options) |
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| (i) | Writing, selling, purchasing or varying |
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| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price |
| date | money |
| relevant |
| selling, | securities | per unit |
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| paid/ |
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| varying etc | to which |
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| received |
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| option |
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| per unit |
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| relates |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| securities | unit | |||
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| (d) | Other dealings (including subscribing for new securities) |
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| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security |
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| applicable) | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements |
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| Details of any indemnity or option arrangement, or any agreement or understanding, |
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| formal or informal, relating to relevant securities which may be an inducement to deal |
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| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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| to the offer or any person acting in concert with a party to the offer: |
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| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives |
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| Details of any agreement, arrangement or understanding, formal or informal, between |
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| the exempt principal trader making the disclosure and any other person relating to: |
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| (i) the voting rights of any relevant securities under any option; or |
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| (ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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| any derivative is referenced: |
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| NONE | |||||||
| (c) | Attachments |
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| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 25 Jun 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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