Form 8.5 (EPT/RI) - Aqua Acquisition Sub LLC

Morgan Stanley & Co. Int'l plc

08 October 2025

 

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:	07 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	PURCHASES	110	147.1200 EUR	143.8200 EUR
USD 0.0001 common	SALES	12	147.1600 EUR	143.4600 EUR
USD 0.0001 common	PURCHASES	37,853	171.5430 USD	165.4386 USD
USD 0.0001 common	SALES	37,164	171.5430 USD	165.3800 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	CFD	increasing a short position	101	144.1903 EUR
USD 0.0001 common	CFD	increasing a short position	2	145.3200 EUR
USD 0.0001 common	CFD	increasing a short position	2	146.7600 EUR
USD 0.0001 common	CFD	increasing a short position	1	147.1200 EUR
USD 0.0001 common	CFD	reducing a short position	1	143.4600 EUR
USD 0.0001 common	CFD	reducing a short position	3	144.5000 EUR
USD 0.0001 common	CFD	reducing a short position	4	147.1600 EUR
USD 0.0001 common	Constant Leverage Certificate (ISIN  DE000MB7K6F4)	SHORT	300	0.9600 EUR
USD 0.0001 common	Constant Leverage Certificate (ISIN  DE000MC2W7C8)	LONG	55	16.1100 EUR
USD 0.0001 common	Constant Leverage Certificate (ISIN  DE000MC2W7C8)	SHORT	55	16.5100 EUR
USD 0.0001 common	Constant Leverage Certificate (ISIN  DE000MG1STD1)	SHORT	85	6.3500 EUR
USD 0.0001 common	Constant Leverage Certificate (ISIN  DE000MG4FCU2)	SHORT	1,200	1.0033 EUR
USD 0.0001 common	Constant Leverage Certificate (ISIN  DE000MK45R42)	LONG	16	6.5700 EUR
USD 0.0001 common	Constant Leverage Certificate (ISIN  GB00BL01KP49)	LONG	10,000	0.5650 SEK
USD 0.0001 common	Discount Certificates (ISIN  DE000MG4GAU4)	SHORT	8	141.4700 EUR
USD 0.0001 common	Discount Certificates (ISIN  DE000MG7U9X8)	SHORT	500	1.5900 EUR
USD 0.0001 common	Discount Certificates (ISIN  DE000MJ95X95)	SHORT	4	130.1700 EUR
USD 0.0001 common	Mini Future (ISIN  GB00BL01V629)	SHORT	15	71.3300 SEK
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MB08TW5)	LONG	325	4.4100 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000ME38FG8)	SHORT	230	6.7000 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MG8P9R6)	LONG	180	5.3500 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MG8P9R6)	SHORT	107	5.6500 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MK3WK14)	LONG	136	7.2600 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MK3WK14)	SHORT	136	7.3000 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MK4UDS7)	SHORT	230	3.2000 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MK4UDV1)	SHORT	2,500	2.8200 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MK5GST9)	SHORT	1,000	2.9500 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MK5GSU7)	SHORT	600	2.9400 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MK66937)	SHORT	149	2.7800 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MM28T15)	LONG	400	1.5200 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MM28T15)	SHORT	30	1.4900 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MM28T23)	SHORT	1,000	1.4900 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MM28T56)	SHORT	196	1.5200 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MM2U7D7)	LONG	272	1.1400 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MM3P4T6)	SHORT	412	1.2000 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MM40474)	SHORT	1,200	0.8400 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MM53TN7)	LONG	900	0.0800 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MM53TN7)	SHORT	900	0.4600 EUR
USD 0.0001 common	Warrants  (ISIN  DE000ME65YX7)	LONG	3,257	1.4547 EUR
USD 0.0001 common	Warrants  (ISIN  DE000ME65YX7)	SHORT	300	1.4000 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG7CPK5)	SHORT	40,000	0.4600 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG7QQY4)	LONG	2,000	1.2500 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VC5)	LONG	43,265	0.2647 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VC5)	SHORT	10,200	0.2279 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK7HLJ9)	LONG	345	0.6000 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFK9)	SHORT	240	4.1600 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFN3)	SHORT	3,793	3.2580 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFP8)	LONG	3,499	3.0314 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFP8)	SHORT	700	3.1514 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MM4J9V8)	SHORT	1,000	1.3300 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
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(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:	08 October 2025
Contact name:	Claire Gordon
Telephone number:	[phone]

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 [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END