AMENDMENT
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: | J.P. Morgan Securities LLC |
| (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Qualcomm Incorporated |
| (c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Alphawave IP Group plc |
| (d) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure | 4 April 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 the offer? If it is a cash offer or possible cash offer, state "N/A" | Yes, Alphawave IP Group plc |
2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(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:
| USD 0.0001 common
| |||
|
| Interests | Short positions | ||
| Number | % | Number | % | |
| (1) Relevant securities owned and/or controlled: | 4,097,263 | 0.37 | 3,648,814 | 0.33 |
| (2) Cash-settled derivatives:
| 4,535,011 | 0.41 | 19,040,453 | 1.73 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 190,963 | 0.02 | 169,600 | 0.02 |
|
TOTAL: | 8,823,237 | 0.80 | 22,858,867 | 2.08 |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors' and other employee 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
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(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 | Purchases
Sales | 164,605
246,573 | 205.9490 USD
205.9490 USD
| 127.4600 USD
127.3400 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 | Equity Swaps | Increase Long
Decrease Short
Decrease Long
Increase Short
Opening a long position
Opening a short position | 95 419 1,700
1,000 41
8 70 2,800
1,760 371
11,888
11,888 150 | 130.0374 USD 127.9565 USD 129.7524 USD
132.6796 USD 129.2750 USD
130.0413 USD 127.4603 USD 128.4670 USD
128.4910 USD 129.7639 USD
132.6430 USD
132.4207 USD 127.4606 USD |
| 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 | Equity Options | Increase Long
Decrease Long | 800 205 1,679,957 15,700 382,800 89,200 3,700 4,000 4,200 83,400 333,400 78,100 105,444 485 184 1,021 862 2,671 491 94 238 402 1,043 91 78 182 105,444 402 94 491 301 774 530 270 708 248 78 842 237 1,028 272 484 263 1,268 800 181 296 1,028 91 166 431 158 254 199 190 75
5,536 1,364 795 3,290 785 1,684 5,899 17,933 3,272 651 1,614 2,717 6,994 150 129 1,210 795 2,726 651 3,272 2,011 5,289 1,783 1,356 2,078 1,679 129 1,389 1,610 7,154 930 3,273 1,772 8,520 5,536 1,239 2,026 7,154 150 1,124 2,951 1,069 1,733 1,363 1,299 509 300 4,400 500 85,800 5,600 31,300 98,800 3,800 6,200 5,900 400 15,100 13,900 600 7,800 7,400 500 100 400 100 100 300 3,900 200 300 86,500 94,200 4,200 11,100 100 5,200 4,100 10,300 16,600 11,900 18,200 12,800 20,000 5,000 22,300 200 92,300 100 100 100 200 200 200 100 24,700 | 2.8900 USD 0.0150 USD TBD USD 2.2464 USD 0.9174 USD 16.8764 USD 16.9810 USD 18.8620 USD 20.9073 USD 14.7721 USD 1.2394 USD 12.8740 USD 7.5000 USD 34.3750 USD 0.3900 USD 1.0100 USD 35.0000 USD 0.0050 USD 20.1250 USD 21.4250 USD 0.6800 USD 26.4500 USD 27.7500 USD 18.0500 USD 29.7750 USD 28.4500 USD 15.9750 USD 0.6300 USD 4.6750 USD 0.5350 USD 23.1000 USD 0.7850 USD 1.5000 USD 0.2050 USD 21.8250 USD 22.9250 USD 0.7200 USD 25.6250 USD 30.2000 USD 3.8000 USD 24.5000 USD 1.5350 USD 37.6250 USD 33.2250 USD 28.2500 USD 30.8500 USD 23.6250 USD 24.9250 USD 2.0150 USD 1.9650 USD 1.4000 USD 1.3000 USD 39.2000 USD 2.9300 USD 1.8100 USD 38.7000 USD
2.8900 USD 0.0150 USD 7.5000 USD 34.3750 USD 0.3900 USD 1.0100 USD 35.0000 USD 0.0050 USD 20.1250 USD 21.4250 USD 0.6800 USD 26.4500 USD 27.7500 USD 18.0500 USD 29.7750 USD 28.4500 USD 15.9750 USD 0.6300 USD 4.6750 USD 0.5350 USD 23.1000 USD 0.7850 USD 1.5000 USD 0.2050 USD 21.8250 USD 22.9250 USD 0.7200 USD 25.6250 USD 30.2000 USD 3.8000 USD 24.5000 USD 1.5350 USD 37.6250 USD 33.2250 USD 28.2500 USD 30.8500 USD 23.6250 USD 24.9250 USD 2.0150 USD 1.9650 USD 1.4000 USD 1.3000 USD 39.2000 USD 2.9300 USD 1.8100 USD 38.7000 USD 9.0424 USD 23.4536 USD 3.5442 USD 1.6486 USD 4.4481 USD 1.6421 USD 19.9845 USD 3.8437 USD 6.1165 USD 5.2221 USD 7.6489 USD 7.8469 USD 9.3738 USD 2.8409 USD 11.1736 USD 9.6603 USD 4.3668 USD 8.7249 USD 5.3190 USD 7.7739 USD 15.2577 USD 6.4102 USD 29.0839 USD 20.8893 USD 10.5968 USD 25.6738 USD 2.3033 USD 4.8670 USD 15.1305 USD 6.9209 USD 3.7813 USD 26.1866 USD 17.4546 USD 6.5038 USD 13.0105 USD 5.3340 USD 11.0929 USD 4.3258 USD 3.2092 USD 3.4663 USD 16.2636 USD 22.7260 USD 13.6845 USD 10.9557 USD 9.7825 USD 18.4921 USD 12.3167 USD 14.2051 USD 12.2534 USD 2.7418 USD |
(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(USD) | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
| USD 0.0001 common | Put Option | Selling | 3,800 | 160 | American | 17-Apr-25 | TBD USD |
(ii)
| Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
|
|
|
|
|
|
(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) |
|
|
|
|
|
4. 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
|
(c) Attachments
| Is a Supplemental Form 8 (Open Positions) attached? | No |
Date of disclosure: | 7 April 2025 |
Contact name: | Hetvi Shah |
Telephone number: | 44 2034 936359 |
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