| 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: | BARCLAYS CAPITAL SECURITIES LTD | |||||
| (b) | Name of offeror/offeree in relation to whose | ALPHAWAVE IP GROUP PLC | |||||
| (c) | Name of the party to the offer with which exempt | ALPHAWAVE IP GROUP PLC | |||||
| (d) | Date position held/dealing undertaken: | 17 Apr 2025 | |||||
| (e) | In addition to the company in 1(b) above, is the exempt principal | YES: | |||||
| 2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
| (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) | ||||||
| Class of relevant security: | 1p ordinary | ||||||
| | Interests | Short Positions | |||||
| Number | (%) | Number | (%) | ||||
| (1) Relevant securities owned and/or controlled: | 5,074,099 | 0.67% | 16,424,929 | 2.16% | |||
| (2) Cash-settled derivatives: | 15,060,474 | 1.98% | 4,681,128 | 0.62% | |||
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| TOTAL: | 20,134,573 | 2.65% | 21,106,057 | 2.78% | |||
| Class of relevant security: | Senior unsecured convertible bond | ||||||
| | Interests | Short Positions | |||||
| Number | (%) | Number | (%) | ||||
| (1) Relevant securities owned and/or controlled: | 3,200,000 | 2.13% | 0 | 0.00% | |||
| (2) Cash-settled derivatives: | 0 | 0.00% | 0 | 0.00% | |||
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| TOTAL: | 3,200,000 | 2.13% | 0 | 0.00% | |||
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| (b) | Rights to subscribe for new securities (including directors and other executive options) | ||||||
| Class of relevant security in relation to |
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| Details, including nature of the rights |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchase and sales |
| | | | | |
| Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
| 1p ordinary | Purchase | 699698 | 1.2030 GBP | 1.1440 GBP | |||
| 1p ordinary | Sale | 1367619 | 1.2082 GBP | 1.1460 GBP | |||
| Senior unsecured convertible bond | Purchase | 1000000 | 118.0000 USD | 118.0000 USD | |||
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| (b) | Cash-settled derivative transactions | ||||||
| Class of | Product description | Nature of dealing | Number of | Price per | |||
| 1p ordinary | SWAP | Increasing Long | 1,095 | 1.1420 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 13,024 | 1.1584 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 37,022 | 1.1599 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 113,062 | 1.1600 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 31,586 | 1.1608 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 156 | 1.1609 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 5,446 | 1.1691 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 2,279 | 1.1699 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 51,167 | 1.1725 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 140,613 | 1.1746 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 122,840 | 1.1748 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 86,780 | 1.1821 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 10,645 | 1.1829 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 2,528 | 1.1845 GBP | |||
| 1p ordinary | SWAP | Increasing Long | 29,000 | 1.1902 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 934 | 1.1440 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 3,776 | 1.1581 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 98,571 | 1.1597 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 90,241 | 1.1600 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 14,217 | 1.1605 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 6,321 | 1.1618 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 5,778 | 1.1619 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 5,716 | 1.1620 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 14,368 | 1.1624 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 6 | 1.1643 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 1,721 | 1.1659 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 32,550 | 1.1675 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 40,532 | 1.1840 GBP | |||
| 1p ordinary | SWAP | Decreasing Long | 40,558 | 1.1864 GBP | |||
| 1p ordinary | CFD | Increasing Long | 711 | 1.1912 GBP | |||
| 1p ordinary | CFD | Decreasing Long | 20,495 | 1.1695 GBP | |||
| 1p ordinary | CFD | Decreasing Long | 17,454 | 1.1824 GBP | |||
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| (c) | Stock-settled derivative transactions (including options) | ||||||
| (i) | Writing, selling, purchasing or varying | ||||||
| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
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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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| (d) | Other dealings (including subscribing for new securities) | ||||||
| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements | ||||||
| Details of any indemnity or option arrangement, or any agreement or understanding, | |||||||
| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives | ||||||
| Details of any agreement, arrangement or understanding, formal or informal, between | |||||||
| NONE | |||||||
| (c) | Attachments | ||||||
| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 22 Apr 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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