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Morgan Stanley & Co. International plc, an exempt principal trader connected to Alphawave IP Group plc and disclosing also for Aqua Acquisition Sub LLC, reported dealings in Alphawave IP Group plc's 1p ordinary shares on 21 August 2025. The firm purchased 40,019 ordinary shares at prices between 1.7414 GBP and 1.7590 GBP, and sold 90,905 ordinary shares at prices ranging from 1.7400 GBP to 1.7590 GBP, including 20,000 shares in USD. Additionally, the disclosure covered cash-settled derivative transactions resulting in a net increase of 42,440 reference securities in long CFD positions and a net decrease of 15,606 reference securities in short CFD positions.
| Date | 26 Aug 2025 |
| Time | 16:30:39 |
| Category | Holding(s) in company |
| ID | 7361W |
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 & 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 |
Alphawave IP Group plc |
|
(c) Name of the party to the offer with which exempt principal trader is connected: |
Alphawave IP Group plc |
|
(d) Date dealing undertaken: |
21 August 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 - Aqua Acquisition Sub LLC (an indirect wholly-owned subsidiary of Qualcomm Incorporated) |
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 |
|
1p ordinary |
PURCHASES |
40,019 |
1.7590 GBP |
1.7414 GBP |
|
1p ordinary |
SALES |
70,905 |
1.7590 GBP |
1.7400 GBP |
|
1p ordinary |
SALES |
20,000 |
2.3368 USD |
2.3368 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 |
|
1p ordinary |
CFD |
increasing a long position |
185 |
1.7490 GBP |
|
1p ordinary |
CFD |
increasing a long position |
1,316 |
1.7533 GBP |
|
1p ordinary |
CFD |
increasing a long position |
4,853 |
1.7540 GBP |
|
1p ordinary |
CFD |
increasing a long position |
24,639 |
1.7547 GBP |
|
1p ordinary |
CFD |
increasing a long position |
1,587 |
1.7550 GBP |
|
1p ordinary |
CFD |
increasing a long position |
4,819 |
1.7552 GBP |
|
1p ordinary |
CFD |
increasing a long position |
11,529 |
1.7590 GBP |
|
1p ordinary |
CFD |
increasing a short position |
5,212 |
1.7518 GBP |
|
1p ordinary |
CFD |
reducing a long position |
159 |
1.7420 GBP |
|
1p ordinary |
CFD |
reducing a long position |
2,320 |
1.7530 GBP |
|
1p ordinary |
CFD |
reducing a long position |
3,511 |
1.7564 GBP |
|
1p ordinary |
CFD |
reducing a long position |
2 |
1.7590 GBP |
|
1p ordinary |
CFD |
reducing a long position |
188 |
1.7590 GBP |
|
1p ordinary |
CFD |
reducing a long position |
26 |
1.7590 GBP |
|
1p ordinary |
CFD |
reducing a long position |
282 |
1.7590 GBP |
|
1p ordinary |
CFD |
reducing a short position |
20,000 |
1.7414 GBP |
|
1p ordinary |
CFD |
reducing a short position |
165 |
1.7551 GBP |
|
1p ordinary |
CFD |
reducing a short position |
653 |
1.7590 GBP |
(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: |
26 August 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.