AMENDMENT(2(a), 2(c)(i))
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 |
Aqua Acquisition Sub LLC (an indirect wholly-owned subsidiary of Qualcomm Incorporated) |
|
(c) Name of the party to the offer with which exempt principal trader is connected: |
Alphawave IP Group plc |
|
(d) Date dealing undertaken: |
30 October 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 - Alphawave IP Group plc |
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 |
|
USD 0.0001 common |
SALES |
717 |
135.5848 GBP |
135.5848 GBP |
|
USD 0.0001 common |
PURCHASES |
216 |
155.0000 EUR |
153.6100 EUR |
|
USD 0.0001 common |
SALES |
54 |
155.1800 EUR |
153.6600 EUR |
|
USD 0.0001 common |
PURCHASES |
27,307 |
179.4963 USD |
177.2600 USD |
|
USD 0.0001 common |
SALES |
19,610 |
179.4963 USD |
177.2600 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 |
|
USD 0.0001 common |
CFD |
increasing a short position |
2 |
153.3400 EUR |
|
USD 0.0001 common |
CFD |
increasing a short position |
2 |
153.6100 EUR |
|
USD 0.0001 common |
CFD |
increasing a short position |
162 |
154.0501 EUR |
|
USD 0.0001 common |
CFD |
increasing a short position |
8 |
155.0100 EUR |
|
USD 0.0001 common |
CFD |
reducing a long position |
3 |
153.9100 EUR |
|
USD 0.0001 common |
CFD |
reducing a short position |
12 |
155.1800 EUR |
|
USD 0.0001 common |
Constant Leverage Certificate (ISIN DE000MC2W7C8) |
SHORT |
46 |
18.2770 EUR |
|
USD 0.0001 common |
Constant Leverage Certificate (ISIN DE000MG0D5N5) |
SHORT |
1,300 |
1.6800 EUR |
|
USD 0.0001 common |
Constant Leverage Certificate (ISIN DE000MK3WCN8) |
SHORT |
120 |
12.5300 EUR |
|
USD 0.0001 common |
Constant Leverage Certificate (ISIN GB00BTL00898) |
LONG |
31 |
218.0600 SEK |
|
USD 0.0001 common |
Constant Leverage Certificate (ISIN GB00BTL00898) |
SHORT |
31 |
222.1200 SEK |
|
USD 0.0001 common |
Mini Future (ISIN DE000MG6G722) |
LONG |
147 |
4.9100 EUR |
|
USD 0.0001 common |
Miscellaneous Leverage Without Knock Out (ISIN DE000MG60UR3) |
LONG |
1,000 |
0.6500 EUR |
|
USD 0.0001 common |
Miscellaneous Leverage Without Knock Out (ISIN DE000MG60UR3) |
SHORT |
1,000 |
0.6600 EUR |
|
USD 0.0001 common |
Open End Knock Out Warrant (ISIN DE000MD7MBU6) |
SHORT |
200 |
5.1500 EUR |
|
USD 0.0001 common |
Open End Knock Out Warrant (ISIN DE000MD8WDB9) |
LONG |
240 |
5.3800 EUR |
|
USD 0.0001 common |
Open End Knock Out Warrant (ISIN DE000MD950L5) |
SHORT |
100 |
6.4100 EUR |
|
USD 0.0001 common |
Open End Knock Out Warrant (ISIN DE000ME359M6) |
SHORT |
250 |
4.8700 EUR |
|
USD 0.0001 common |
Open End Knock Out Warrant (ISIN DE000ME47K03) |
SHORT |
100 |
7.8000 EUR |
|
USD 0.0001 common |
Open End Knock Out Warrant (ISIN DE000MJ2FX47) |
SHORT |
500 |
5.0300 EUR |
|
USD 0.0001 common |
Open End Knock Out Warrant (ISIN DE000MK5GST9) |
SHORT |
250 |
3.6040 EUR |
|
USD 0.0001 common |
Open End Knock Out Warrant (ISIN DE000MK6LS57) |
SHORT |
830 |
3.0400 EUR |
|
USD 0.0001 common |
Open End Knock Out Warrant (ISIN DE000MM28T56) |
SHORT |
276 |
2.2461 EUR |
|
USD 0.0001 common |
Open End Knock Out Warrant (ISIN DE000MM68HV3) |
LONG |
2,000 |
1.3100 EUR |
|
USD 0.0001 common |
Warrants (ISIN DE000ME65YX7) |
LONG |
4,599 |
2.0082 EUR |
|
USD 0.0001 common |
Warrants (ISIN DE000ME65YX7) |
SHORT |
16,225 |
2.0273 EUR |
|
USD 0.0001 common |
Warrants (ISIN DE000MG7C4Q5) |
SHORT |
1,108 |
2.2700 EUR |
|
USD 0.0001 common |
Warrants (ISIN DE000MG7CP58) |
LONG |
1,750 |
1.1800 EUR |
|
USD 0.0001 common |
Warrants (ISIN DE000MG7CP58) |
SHORT |
750 |
1.2200 EUR |
|
USD 0.0001 common |
Warrants (ISIN DE000MG7CPN9) |
SHORT |
178,863 |
0.7698 EUR |
|
USD 0.0001 common |
Warrants (ISIN DE000MG83VC5) |
LONG |
24,590 |
0.4519 EUR |
|
USD 0.0001 common |
Warrants (ISIN DE000MG83VC5) |
SHORT |
5,850 |
0.4757 EUR |
|
USD 0.0001 common |
Warrants (ISIN DE000MJ85PX2) |
LONG |
166 |
3.0600 EUR |
|
USD 0.0001 common |
Warrants (ISIN DE000MJ85PX2) |
SHORT |
27,795 |
3.0804 EUR |
|
USD 0.0001 common |
Warrants (ISIN DE000MK8TSJ7) |
LONG |
160 |
2.4900 EUR |
|
USD 0.0001 common |
Warrants (ISIN DE000MK9KFK9) |
SHORT |
330 |
5.0103 EUR |
|
USD 0.0001 common |
Warrants (ISIN DE000MK9KFP8) |
SHORT |
220 |
3.9409 EUR |
(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 |
|
USD 0.0001 common |
CALL |
WRITING |
278.39 |
6075.9775 |
European |
30/10/2030 |
436.6155 USD |
|
USD 0.0001 common |
CALL |
PURCHASING |
278.39 |
6075.9775 |
European |
30/10/2030 |
436.6155 USD |
|
USD 0.0001 common |
CALL |
PURCHASING |
262.02 |
6082.0840 |
European |
30/10/2029 |
407.3041 USD |
|
USD 0.0001 common |
CALL |
WRITING |
262.02 |
6082.0840 |
European |
30/10/2029 |
407.3041 USD |
|
USD 0.0001 common |
CALL |
WRITING |
245.64 |
6082.0840 |
European |
30/10/2028 |
370.0545 USD |
|
USD 0.0001 common |
CALL |
PURCHASING |
245.64 |
6082.0840 |
European |
30/10/2028 |
370.0545 USD |
|
USD 0.0001 common |
CALL |
WRITING |
163.76 |
6124.8295 |
European |
30/10/2026 |
219.2237 USD |
|
USD 0.0001 common |
CALL |
PURCHASING |
131.01 |
6082.0840 |
European |
30/10/2026 |
238.1539 USD |
|
USD 0.0001 common |
CALL |
PURCHASING |
163.76 |
6124.8295 |
European |
30/10/2026 |
219.2237 USD |
|
USD 0.0001 common |
CALL |
WRITING |
131.01 |
6082.0840 |
European |
30/10/2026 |
238.1539 USD |
|
USD 0.0001 common |
CALL |
WRITING |
180.14 |
6082.0840 |
European |
29/10/2027 |
317.5386 USD |
|
USD 0.0001 common |
CALL |
WRITING |
81.88 |
6124.8295 |
European |
29/10/2027 |
297.9978 USD |
|
USD 0.0001 common |
CALL |
PURCHASING |
180.14 |
6082.0840 |
European |
29/10/2027 |
317.5386 USD |
|
USD 0.0001 common |
CALL |
PURCHASING |
81.88 |
6124.8295 |
European |
29/10/2027 |
297.9978 USD |
|
USD 0.0001 common |
CALL |
PURCHASING |
55,130 |
204.8417 |
European |
25/11/2025 |
1.4030 USD |
|
USD 0.0001 common |
CALL |
WRITING |
55,130 |
204.8417 |
European |
25/11/2025 |
1.4030 USD |
(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: |
05 November 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.
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