t
Barclays Capital Securities Ltd, an exempt principal trader connected to Alphawave IP Group PLC and Aqua Acquisition Sub LLC, disclosed its dealing and position on 09 December 2025. Following transactions on that date, it reported total interests of 1.65% in Alphawave's 1p ordinary shares and 2.13% in its senior unsecured convertible bonds, alongside total short positions of 1.86% in 1p ordinary shares. Dealings on December 9 included purchasing 598,385 Alphawave 1p ordinary shares (highest price £2.1660, lowest price £2.1400) and selling 238,830 shares (highest price £2.1660, lowest price £2.1400), in addition to cash-settled derivative transactions.
| Date | 10 Dec 2025 |
| Time | 11:17:21 |
| Category | Holding(s) in company |
| ID | 0369L |
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FORM 8.5 (EPT/NON-RI) |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
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EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
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(OR WHERE RI STATUS IS NOT APPLICABLE) |
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Rule 8.5 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Name of exempt principal trader: |
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BARCLAYS CAPITAL SECURITIES LTD |
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(b) |
Name of offeror/offeree in relation to whose |
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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: |
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09 Dec 2025 |
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(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 |
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(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 |
(%) |
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(1) |
Relevant securities owned |
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and/or controlled: |
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11,033,047 |
1.38% |
3,807,287 |
0.48% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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2,117,212 |
0.27% |
11,044,382 |
1.38% |
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(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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13,150,259 |
1.65% |
14,851,669 |
1.86% |
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Class of relevant security: |
Senior unsecured convertible bond |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) |
Relevant securities owned |
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and/or controlled: |
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3,200,000 |
2.13% |
0 |
0.00% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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0 |
0.00% |
0 |
0.00% |
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(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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3,200,000 |
2.13% |
0 |
0.00% |
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(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 |
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(a) |
Purchases and sales |
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Class of relevant |
Purchase/sale |
Total number of |
Highest price per unit |
Lowest price per unit |
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security |
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securities |
paid/received |
paid/received |
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1p ordinary |
Purchase |
598,385 |
2.1660 GBP |
2.1400 GBP |
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1p ordinary |
Sale |
238,830 |
2.1660 GBP |
2.1400 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
Product |
Nature of dealing |
Number of |
Price per |
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relevant |
description |
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reference |
unit |
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security |
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securities |
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1p ordinary |
SWAP |
Increasing Short |
6,140 |
2.1552 GBP |
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1p ordinary |
SWAP |
Increasing Short |
379 |
2.1553 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
11,980 |
2.1510 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
2,989 |
2.1539 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
533 |
2.1578 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
39,811 |
2.1600 GBP |
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1p ordinary |
SWAP |
Increasing Short |
13,898 |
2.1458 GBP |
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1p ordinary |
SWAP |
Increasing Short |
13,297 |
2.1462 GBP |
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1p ordinary |
SWAP |
Increasing Short |
288,534 |
2.1480 USD |
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1p ordinary |
SWAP |
Increasing Short |
21,641 |
2.1510 GBP |
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1p ordinary |
SWAP |
Increasing Short |
785 |
2.1520 GBP |
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1p ordinary |
SWAP |
Increasing Short |
27,948 |
2.1546 GBP |
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1p ordinary |
SWAP |
Increasing Short |
7 |
2.1565 GBP |
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1p ordinary |
SWAP |
Increasing Short |
3 |
2.1566 GBP |
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1p ordinary |
SWAP |
Increasing Short |
14,240 |
2.1600 GBP |
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1p ordinary |
CFD |
Increasing Short |
19,938 |
2.1555 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 |
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of |
description |
purchasing, |
of |
price |
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date |
money |
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relevant |
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selling, |
securities |
per unit |
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paid/ |
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security |
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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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security |
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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 |
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security |
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applicable) |
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4. |
OTHER INFORMATION |
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(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 |
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(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 |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
10 Dec 2025 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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