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 | 11 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: | 4,084,202 | 0.37 | 3,008,838 | 0.27 |
| (2) Cash-settled derivatives:
| 3,988,191 | 0.36 | 18,799,976 | 1.71 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 187,540 | 0.02 | 169,600 | 0.02 |
|
TOTAL: | 8,259,932 | 0.75 | 21,978,413 | 2.00 |
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 | 617,695
350,581 | 140.8901 USD
148.2383 USD
| 131.5600 USD
131.3800 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 short position | 3,582 2,718
50,000 707 1,929 4,162
500 942 32 103 32,085 24,174 3,602 31,755 3,521 47,548 14,514 1,200 50,428
67 154 1,390 5,111
150 | 139.2495 USD 137.5757 USD
0.0000 USD 138.4859 USD 137.9655 USD 134.4000 USD
137.1008 USD 139.2992 USD 136.3509 USD 139.2797 USD 136.5219 USD 136.7756 USD 137.5150 USD 136.8125 USD 136.6750 USD 136.8032 USD 136.6709 USD 132.2842 USD 134.4000 USD
136.6617 USD 137.8554 USD 137.5072 USD 135.2880 USD
139.2506 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 | 106,842 106,842
440 525 824 337 281 134 87 737 721 170 16 82 545 571 128 608 337 337 489 140 216 177 146 16 209 339 166 84 183 59 97 74 141 166 53 74 116 125 179 878 280 67 141 571 110 84 82 14 166 81 207 173 737 67 14 83 | 10.3500 USD 14.8000 USD
0.0250 USD 0.0500 USD 0.0350 USD 1.3000 USD 1.3450 USD 3.1750 USD 7.1000 USD 6.1000 USD 16.2500 USD 19.9500 USD 11.9000 USD 11.2000 USD 1.7050 USD 5.0750 USD 22.7000 USD 26.5750 USD 2.6900 USD 12.0000 USD 2.5800 USD 0.6850 USD 14.4000 USD 1.9800 USD 17.2500 USD 3.6250 USD 16.8750 USD 25.1500 USD 1.4150 USD 10.3500 USD 26.1000 USD 0.2500 USD 14.8500 USD 10.6750 USD 0.0800 USD 8.9250 USD 28.4250 USD 14.2750 USD 3.6000 USD 18.3750 USD 29.6500 USD 20.9250 USD 17.9500 USD 7.3500 USD 5.2250 USD 20.4750 USD 1.9700 USD 14.8000 USD 11.2500 USD 20.4000 USD 21.4250 USD 0.7800 USD 11.5250 USD 15.5500 USD 17.7500 USD 15.5750 USD 1.3700 USD 17.3000 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: | 14 April 2025 |
Contact name: | Hetvi Shah |
Telephone number: | 44 2034 936359 |
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