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Barclays Capital Securities Ltd filed a Form 8.5 Public Opening Position Disclosure/Dealing Disclosure on 18 December 2025, pertaining to Alphawave IP Group PLC and Aqua Acquisition Sub LLC (an indirect wholly-owned subsidiary of Qualcomm Incorporated). The disclosure details positions and dealings undertaken on 17 December 2025 in Alphawave IP Group PLC securities. Following these dealings, Barclays Capital Securities Ltd held total interests of 1.81% and short positions of 1.81% in 1p ordinary shares, a 2.13% interest in senior unsecured convertible bonds, and on that day, purchased 2,558,810 ordinary shares while selling 1,394,656 ordinary shares, alongside various cash-settled derivative transactions.
| Date | 18 Dec 2025 |
| Time | 11:23:28 |
| Category | Holding(s) in company |
| ID | 1209M |
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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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17 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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12,367,375 |
1.55% |
2,103,289 |
0.26% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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2,068,131 |
0.26% |
12,367,375 |
1.55% |
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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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14,435,506 |
1.81% |
14,470,664 |
1.81% |
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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 |
2,558,810 |
1.8550 GBP |
1.8500 GBP |
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1p ordinary |
Sale |
1,394,656 |
1.8664 GBP |
1.8500 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 |
Decreasing Short |
280,676 |
1.8500 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
9,353 |
1.8550 GBP |
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1p ordinary |
SWAP |
Increasing Short |
1,455,217 |
1.8500 GBP |
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1p ordinary |
CFD |
Decreasing Short |
2,945 |
1.8510 GBP |
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1p ordinary |
CFD |
Decreasing Short |
1,342 |
1.8664 GBP |
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1p ordinary |
CFD |
Increasing Short |
3,200 |
1.8500 GBP |
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1p ordinary |
CFD |
Increasing Short |
53 |
1.8509 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: |
18 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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