t
Barclays Capital Securities Ltd, an exempt principal trader connected to Alphawave IP Group PLC and Aqua Acquisition Sub LLC, submitted a public dealing disclosure on 12 December 2025, detailing its positions and dealings in Alphawave IP Group PLC relevant securities as of 11 December 2025. On that date, the firm purchased 424,625 Alphawave 1p ordinary shares and sold 474,638 shares, with prices for these transactions ranging from 2.1780 GBP to 2.2140 GBP, also undertaking various cash-settled derivative dealings. Following these dealings, Barclays Capital Securities Ltd reported total interests of 13,241,616 (1.66%) and total short positions of 14,943,026 (1.87%) in 1p ordinary shares, alongside interests of 3,200,000 (2.13%) in senior unsecured convertible bonds.
| Date | 12 Dec 2025 |
| Time | 10:04:21 |
| Category | Holding(s) in company |
| ID | 3908L |
|
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 |
||||
|
|
relevant securities this form relates: |
|
|||||
|
(c) |
Name of the party to the offer with which exempt |
ALPHAWAVE IP GROUP PLC |
|||||
|
|
principal trader is connected |
|
|
||||
|
(d) |
Date position held/dealing undertaken: |
|
11 Dec 2025 |
||||
|
(e) |
In addition to the company in 1(b) above, is the exempt principal |
YES: |
|
|
|||
|
|
trader making disclosures in respect of any other party to the offer? |
AQUA ACQUISITION SUB LLC (AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF QUALCOMM INCORPORATED) |
|
||||
|
2. |
POSITIONS OF THE EXEMPT PRINCIPAL TRADER |
||||||
|
(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
|
|||||
|
|
to which the disclosure relates following the dealing (if any) |
|
|||||
|
Class of relevant security: |
1p ordinary |
||||||
|
|
Interests |
Short Positions |
|||||
|
|
Number |
(%) |
Number |
(%) |
|||
|
(1) |
Relevant securities owned |
|
|
|
|
||
|
|
and/or controlled: |
|
|
11,159,513 |
1.40% |
3,779,106 |
0.47% |
|
(2) |
Cash-settled derivatives: |
|
|
|
|
||
|
|
and/or controlled: |
|
|
2,082,103 |
0.26% |
11,163,920 |
1.40% |
|
(3) |
Stock-settled derivatives (including options) |
|
|
|
|
||
|
|
and agreements to purchase/sell: |
|
|
0 |
0.00% |
0 |
0.00% |
|
|
|
|
|
|
|
|
|
|
|
TOTAL: |
|
|
13,241,616 |
1.66% |
14,943,026 |
1.87% |
|
Class of relevant security: |
Senior unsecured convertible bond |
||||||
|
|
Interests |
Short Positions |
|||||
|
|
Number |
(%) |
Number |
(%) |
|||
|
(1) |
Relevant securities owned |
|
|
|
|
||
|
|
and/or controlled: |
|
|
3,200,000 |
2.13% |
0 |
0.00% |
|
(2) |
Cash-settled derivatives: |
|
|
|
|
||
|
|
and/or controlled: |
|
|
0 |
0.00% |
0 |
0.00% |
|
(3) |
Stock-settled derivatives (including options) |
|
|
|
|
||
|
|
and agreements to purchase/sell: |
|
|
0 |
0.00% |
0 |
0.00% |
|
|
|
|
|
|
|
|
|
|
|
TOTAL: |
|
|
3,200,000 |
2.13% |
0 |
0.00% |
|
(b) |
Rights to subscribe for new securities (including directors and other executive |
|
|||||
|
|
options) |
|
|
|
|
|
|
|
Class of relevant security in relation to |
|
|
|
|
|||
|
which subscription right exists |
|
|
|
|
|||
|
Details, including nature of the rights |
|
|
|
|
|||
|
concerned and relevant percentages: |
|
|
|
|
|||
|
3. |
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER |
||||||
|
(a) |
Purchases and sales |
|
|
|
|
|
|
|
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 |
424,625 |
2.2140 GBP |
2.1780 GBP |
|||
|
1p ordinary |
Sale |
474,638 |
2.2120 GBP |
2.1780 GBP |
|||
|
|
|
|
|
|
|
|
|
|
(b) |
Cash-settled derivative transactions |
|
|||||
|
Class of |
Product |
Nature of dealing |
Number of |
Price per |
|||
|
relevant |
description |
|
reference |
unit |
|||
|
security |
|
|
securities |
|
|||
|
1p ordinary |
SWAP |
Increasing Short |
6,519 |
2.1987 GBP |
|||
|
1p ordinary |
SWAP |
Decreasing Short |
6,504 |
2.1852 GBP |
|||
|
1p ordinary |
SWAP |
Decreasing Short |
5,189 |
2.1859 GBP |
|||
|
1p ordinary |
SWAP |
Decreasing Short |
1,975 |
2.1880 GBP |
|||
|
1p ordinary |
SWAP |
Decreasing Short |
22,174 |
2.1889 GBP |
|||
|
1p ordinary |
SWAP |
Decreasing Short |
3,474 |
2.1946 GBP |
|||
|
1p ordinary |
SWAP |
Decreasing Short |
2,951 |
2.1952 GBP |
|||
|
1p ordinary |
SWAP |
Decreasing Short |
142,743 |
2.2012 GBP |
|||
|
1p ordinary |
SWAP |
Increasing Short |
202,864 |
2.1817 GBP |
|||
|
1p ordinary |
SWAP |
Increasing Short |
34,088 |
2.1854 GBP |
|||
|
1p ordinary |
SWAP |
Increasing Short |
885 |
2.1855 GBP |
|||
|
1p ordinary |
SWAP |
Increasing Short |
1,453 |
2.1871 GBP |
|||
|
1p ordinary |
SWAP |
Increasing Short |
4,107 |
2.1880 GBP |
|||
|
1p ordinary |
SWAP |
Increasing Short |
2,617 |
2.1910 GBP |
|||
|
1p ordinary |
SWAP |
Increasing Short |
25,098 |
2.1920 GBP |
|||
|
1p ordinary |
SWAP |
Increasing Short |
1,270 |
2.1943 GBP |
|||
|
1p ordinary |
SWAP |
Increasing Short |
24,311 |
2.2026 GBP |
|||
|
1p ordinary |
SWAP |
Increasing Short |
5,066 |
2.2057 GBP |
|||
|
1p ordinary |
SWAP |
Increasing Short |
3,666 |
2.2120 GBP |
|||
|
1p ordinary |
CFD |
Decreasing Short |
22,928 |
2.1879 GBP |
|||
|
1p ordinary |
CFD |
Decreasing Short |
152,142 |
2.1880 GBP |
|||
|
1p ordinary |
CFD |
Decreasing Short |
84,430 |
2.2038 GBP |
|||
|
1p ordinary |
CFD |
Decreasing Short |
45 |
2.2057 GBP |
|||
|
1p ordinary |
CFD |
Increasing Short |
82,006 |
2.1811 GBP |
|||
|
1p ordinary |
CFD |
Increasing Short |
592 |
2.1964 GBP |
|||
|
|
|
|
|
|
|
|
|
|
(c) |
Stock-settled derivative transactions (including options) |
|
|||||
|
(i) |
Writing, selling, purchasing or varying |
|
|||||
|
Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
|
of |
description |
purchasing, |
of |
price |
|
date |
money |
|
relevant |
|
selling, |
securities |
per unit |
|
|
paid/ |
|
security |
|
varying etc |
to which |
|
|
|
received |
|
|
|
|
option |
|
|
|
per unit |
|
|
|
|
relates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Exercising |
|
|
|
|
|
|
|
Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
|||
|
security |
|
|
securities |
unit |
|||
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
(d) |
Other dealings (including subscribing for new securities) |
|
|||||
|
Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
||||
|
security |
|
|
applicable) |
||||
|
|
|
|
|
||||
|
4. |
OTHER INFORMATION |
||||||
|
(a) |
Indemnity and other dealings 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: |
|
|
|
||||
|
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 of future acquisition or disposal of any relevant securities to which |
|
|
|||||
|
any derivative is referenced: |
|
|
|
|
|
|
|
|
NONE |
|||||||
|
(c) |
Attachments |
|
|
|
|
|
|
|
Is a Supplemental Form 8 (Open Positions) attached? |
NO |
||||||
|
Date of disclosure: |
12 Dec 2025 |
||||||
|
Contact name: |
Large Holdings Regulatory Operations |
||||||
|
Telephone number: |
020 3134 7213 |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|