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 | 10 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: | 4,031,255 | 0.37 | 3,224,342 | 0.29 |
| (2) Cash-settled derivatives:
| 4,190,264 | 0.38 | 18,847,871 | 1.71 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 187,540 | 0.02 | 169,600 | 0.02 |
|
TOTAL: | 8,409,058 | 0.77 | 22,241,812 | 2.02 |
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 | 849,495
563,361 | 143.5900 USD
181.4085 USD
| 130.5100 USD
130.6323 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 | 11 12,379
23 1,901 31 141 1,453
19 119 5,412 22,203 9,770 21,311 384 62,127 40,050 126,192 30,857 16,338 321 300 3
1,883 3,807
13,667
441 | 134.1364 USD 137.9170 USD
133.9003 USD 134.3268 USD 134.5108 USD 134.5182 USD 134.3990 USD
134.2026 USD 134.5185 USD 134.6103 USD 134.7732 USD 134.3031 USD 133.8965 USD 133.5076 USD 134.3671 USD 134.5831 USD 134.9027 USD 134.3142 USD 134.2657 USD 134.2960 USD 134.4006 USD 135.1146 USD
135.7827 USD 134.1545 USD
133.0076 USD
130.6323 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 | 100 100 100 100 200 200 300 400 200 100 100 100 100 100 4,900 90,000 4,000 3,800 2,200 4,300 104,400 80,000 44,100 2,100 83,900 46,400 4,600 96,800 94,799 94,799
225 293 184 39 800 83,800 700 500 900 1,000 500 800 359,600 300 300 200 200 200 300 200 200 4,300 200 500 1,300 500 700 354 372 239 445 72 52 225 36 324 584 479 34 44 124 42 42 87 109 83 136 36 548 108 222 84 76 395 53 222 197 44 184 479 243 481 92 121 106 139 385 372 466 109 116 84 96,700 89,900 5,000 4,600 417,000 5,300 104,300 47 47 52 55 | 14.8112 USD 5.9910 USD 7.0398 USD 12.8814 USD 3.3847 USD 4.1601 USD 1.3186 USD 1.7031 USD 2.7248 USD 5.0633 USD 6.1064 USD 7.3011 USD 10.1890 USD 8.6587 USD 15.0350 USD 15.8932 USD 21.7332 USD 5.6403 USD 8.0300 USD 19.3340 USD 11.9006 USD 2.5528 USD 3.6196 USD 7.1459 USD 18.1843 USD 4.2945 USD 17.1010 USD 13.8003 USD 17.0250 USD 8.5000 USD
0.9250 USD 0.0250 USD 1.0250 USD 0.0500 USD 5.0450 USD 19.2911 USD 7.1499 USD 8.4138 USD 3.4441 USD 2.8078 USD 11.4014 USD 4.1864 USD 1.0040 USD 21.3487 USD 19.3014 USD 10.1001 USD 15.6740 USD 9.0120 USD 12.6267 USD 11.3023 USD 14.0814 USD 23.5583 USD 17.4119 USD 9.8290 USD 2.2670 USD 13.1357 USD 6.0297 USD 1.4500 USD 3.9000 USD 18.7000 USD 0.0450 USD 1.8400 USD 9.4250 USD 15.4750 USD 24.1000 USD 17.5500 USD 25.7750 USD 20.8000 USD 32.8000 USD 6.2500 USD 0.5300 USD 2.4450 USD 14.9750 USD 2.4350 USD 25.0000 USD 26.2500 USD 20.1000 USD 1.0050 USD 0.0350 USD 17.1750 USD 28.9250 USD 22.3750 USD 2.2850 USD 29.7500 USD 14.6500 USD 2.5600 USD 2.2150 USD 18.2500 USD 21.8250 USD 5.0000 USD 1.7150 USD 20.8250 USD 4.0000 USD 30.2250 USD 10.4250 USD 15.7500 USD 20.5000 USD 23.6250 USD 1.6750 USD 1.3000 USD 33.7500 USD 0.5450 USD 24.5993 USD 21.8461 USD 28.4750 USD 25.9336 USD 0.7497 USD 31.1833 USD 27.5458 USD 17.0250 USD 8.5000 USD 13.7250 USD 8.6500 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 |
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(ii)
| Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(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) |
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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: | 11 April 2025 |
Contact name: | Hetvi Shah |
Telephone number: | 44 2034 936359 |
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