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

Morgan Stanley Capital Services LLC

04 December 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 Capital Services LLC
(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:	03 December 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"	NO

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	24,865	175.0700 USD	170.5832 USD
USD 0.0001 common	SALES	13,249	175.0700 USD	170.8500 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 long position	827	170.8707 USD
USD 0.0001 common	CFD	increasing a long position	54	170.9000 USD
USD 0.0001 common	CFD	increasing a long position	27	171.7809 USD
USD 0.0001 common	CFD	increasing a long position	3,468	172.1373 USD
USD 0.0001 common	CFD	increasing a long position	68	172.1373 USD
USD 0.0001 common	CFD	increasing a long position	335	172.1373 USD
USD 0.0001 common	CFD	increasing a long position	1,193	172.1373 USD
USD 0.0001 common	CFD	increasing a long position	688	172.1373 USD
USD 0.0001 common	CFD	increasing a long position	46	172.1373 USD
USD 0.0001 common	CFD	increasing a long position	194	172.1373 USD
USD 0.0001 common	CFD	increasing a long position	71	172.1770 USD
USD 0.0001 common	CFD	increasing a long position	6	172.1770 USD
USD 0.0001 common	CFD	increasing a long position	8	172.1770 USD
USD 0.0001 common	CFD	increasing a long position	21	172.1770 USD
USD 0.0001 common	CFD	increasing a long position	348	172.1770 USD
USD 0.0001 common	CFD	increasing a long position	35	172.1770 USD
USD 0.0001 common	CFD	increasing a long position	130	172.1770 USD
USD 0.0001 common	CFD	increasing a long position	72	172.2500 USD
USD 0.0001 common	CFD	increasing a long position	73	172.3071 USD
USD 0.0001 common	CFD	increasing a long position	218	172.3246 USD
USD 0.0001 common	CFD	increasing a long position	45	172.3350 USD
USD 0.0001 common	CFD	increasing a long position	145	172.4160 USD
USD 0.0001 common	CFD	increasing a long position	73	172.6804 USD
USD 0.0001 common	CFD	increasing a long position	218	172.7273 USD
USD 0.0001 common	CFD	increasing a long position	456	172.8675 USD
USD 0.0001 common	CFD	increasing a long position	499	172.9352 USD
USD 0.0001 common	CFD	increasing a long position	29	172.9885 USD
USD 0.0001 common	CFD	increasing a long position	732	173.0244 USD
USD 0.0001 common	CFD	increasing a long position	184	173.7880 USD
USD 0.0001 common	CFD	increasing a short position	571	172.3297 USD
USD 0.0001 common	CFD	increasing a short position	10	172.8100 USD
USD 0.0001 common	CFD	increasing a short position	2,224	173.0073 USD
USD 0.0001 common	CFD	increasing a short position	21	174.2213 USD
USD 0.0001 common	CFD	increasing a short position	2,662	175.0700 USD
USD 0.0001 common	CFD	reducing a long position	1,000	170.5832 USD
USD 0.0001 common	CFD	reducing a long position	13,051	170.7000 USD
USD 0.0001 common	CFD	reducing a long position	402	171.9116 USD
USD 0.0001 common	CFD	reducing a long position	7	172.2518 USD
USD 0.0001 common	CFD	reducing a long position	327	172.4451 USD
USD 0.0001 common	CFD	reducing a long position	60	172.8100 USD
USD 0.0001 common	CFD	reducing a long position	297	172.8439 USD
USD 0.0001 common	CFD	reducing a long position	1,270	173.4666 USD
USD 0.0001 common	CFD	reducing a long position	33	173.4858 USD
USD 0.0001 common	CFD	reducing a long position	12	173.7150 USD
USD 0.0001 common	CFD	reducing a long position	287	173.7440 USD
USD 0.0001 common	CFD	reducing a long position	215	174.3344 USD
USD 0.0001 common	CFD	reducing a long position	24	175.0679 USD
USD 0.0001 common	CFD	reducing a long position	25	175.0700 USD
USD 0.0001 common	CFD	reducing a short position	4	171.3463 USD
USD 0.0001 common	CFD	reducing a short position	233	172.8689 USD
USD 0.0001 common	CFD	reducing a short position	97	173.5855 USD
USD 0.0001 common	CFD	reducing a short position	109	174.2181 USD
USD 0.0001 common	CFD	reducing a short position	386	174.2626 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	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:	04 December 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