Form 8.5 (EPT/NON-RI)-Replacement of Aqua

Morgan Stanley Europe SE

15 October 2025

 

AMENDMENT(3(a))

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:	Morgan Stanley Europe SE
(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 position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	13 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 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:	0	0.00	0	0.00
(2) Cash-settled derivatives:	0	0.00	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	200,000	0.02	200,000	0.02
TOTAL:	200,000	0.02	200,000	0.02

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:	NO
Details, including nature of the rights concerned and relevant percentages:	NO

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	768	139.9900 EUR	135.4000 EUR
USD 0.0001 common	SALES	768	141.0000 EUR	135.4000 EUR
USD 0.0001 common	PURCHASES	14,552	162.0420 USD	155.9500 USD
USD 0.0001 common	SALES	14,552	162.0420 USD	155.9500 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	Constant Leverage Certificate (ISIN  DE000MK3WCR9)	LONG	1,000	2.5300 EUR
USD 0.0001 common	Constant Leverage Certificate (ISIN  DE000MK3WCR9)	SHORT	1,000	2.5300 EUR
USD 0.0001 common	Discount Certificates (ISIN  DE000MG4GAU4)	LONG	8	138.0800 EUR
USD 0.0001 common	Discount Certificates (ISIN  DE000MG4GAU4)	SHORT	8	138.0800 EUR
USD 0.0001 common	Discount Certificates (ISIN  DE000MM098Y5)	LONG	5	107.4900 EUR
USD 0.0001 common	Discount Certificates (ISIN  DE000MM098Y5)	SHORT	5	107.4900 EUR
USD 0.0001 common	Mini Future (ISIN  DE000MK4TUX3)	LONG	4,654	3.0900 EUR
USD 0.0001 common	Mini Future (ISIN  DE000MK4TUX3)	LONG	4,654	3.2200 EUR
USD 0.0001 common	Mini Future (ISIN  DE000MK4TUX3)	SHORT	4,654	3.0900 EUR
USD 0.0001 common	Mini Future (ISIN  DE000MK4TUX3)	SHORT	4,654	3.2200 EUR
USD 0.0001 common	Mini Future (ISIN  DE000MK6LB49)	LONG	200	2.1800 EUR
USD 0.0001 common	Mini Future (ISIN  DE000MK6LB49)	LONG	200	2.2800 EUR
USD 0.0001 common	Mini Future (ISIN  DE000MK6LB49)	SHORT	200	2.1800 EUR
USD 0.0001 common	Mini Future (ISIN  DE000MK6LB49)	SHORT	200	2.2800 EUR
USD 0.0001 common	Mini Future (ISIN  DE000MM28BU2)	LONG	90	1.3700 EUR
USD 0.0001 common	Mini Future (ISIN  DE000MM28BU2)	SHORT	90	1.3700 EUR
USD 0.0001 common	Mini Future (ISIN  GB00BL011Q29)	LONG	16	77.4400 SEK
USD 0.0001 common	Mini Future (ISIN  GB00BL011Q29)	SHORT	16	77.4400 SEK
USD 0.0001 common	Mini Future (ISIN  GB00BL01V629)	LONG	161	62.0700 SEK
USD 0.0001 common	Mini Future (ISIN  GB00BL01V629)	LONG	16	62.7800 SEK
USD 0.0001 common	Mini Future (ISIN  GB00BL01V629)	LONG	16	63.8300 SEK
USD 0.0001 common	Mini Future (ISIN  GB00BL01V629)	LONG	16	64.8200 SEK
USD 0.0001 common	Mini Future (ISIN  GB00BL01V629)	SHORT	193	62.3568 SEK
USD 0.0001 common	Mini Future (ISIN  GB00BL01V629)	SHORT	16	63.8300 SEK
USD 0.0001 common	Miscellaneous Leverage Without Knock Out (ISIN  DE000MJ8R3Z4)	LONG	3,777	0.2900 EUR
USD 0.0001 common	Miscellaneous Leverage Without Knock Out (ISIN  DE000MJ8R3Z4)	SHORT	3,777	0.2900 EUR
USD 0.0001 common	Miscellaneous Leverage Without Knock Out (ISIN  DE000MK3KXP4)	LONG	1,600	0.3200 EUR
USD 0.0001 common	Miscellaneous Leverage Without Knock Out (ISIN  DE000MK3KXP4)	SHORT	1,600	0.3200 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MG830R3)	LONG	400	1.7900 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MG830R3)	SHORT	400	1.7900 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MG9E7F7)	LONG	2,000	2.9700 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MG9E7F7)	SHORT	2,000	2.9700 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MJ3Z0K7)	LONG	350	4.0000 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MJ3Z0K7)	SHORT	350	4.0000 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MK631F4)	LONG	700	6.6600 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MK631F4)	SHORT	700	6.6600 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MK66929)	LONG	500	1.6300 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MK66929)	SHORT	500	1.6300 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MK6EL04)	LONG	100	1.2200 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MK6EL04)	SHORT	100	1.2200 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MM28T56)	LONG	500	0.3900 EUR
USD 0.0001 common	Open End Knock Out Warrant (ISIN  DE000MM28T56)	SHORT	500	0.3900 EUR
USD 0.0001 common	Warrants  (ISIN  DE000ME65YX7)	LONG	329	1.1400 EUR
USD 0.0001 common	Warrants  (ISIN  DE000ME65YX7)	LONG	20,000	1.1700 EUR
USD 0.0001 common	Warrants  (ISIN  DE000ME65YX7)	LONG	17,000	1.1900 EUR
USD 0.0001 common	Warrants  (ISIN  DE000ME65YX7)	LONG	4,000	1.2400 EUR
USD 0.0001 common	Warrants  (ISIN  DE000ME65YX7)	LONG	4,000	1.2700 EUR
USD 0.0001 common	Warrants  (ISIN  DE000ME65YX7)	SHORT	41,329	1.1848 EUR
USD 0.0001 common	Warrants  (ISIN  DE000ME65YX7)	SHORT	4,000	1.2700 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG6M9D1)	LONG	50,000	0.1700 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG6M9D1)	SHORT	50,000	0.1700 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG7CPE8)	LONG	280	1.8200 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG7CPE8)	SHORT	280	1.8200 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VA9)	LONG	300	2.3100 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VA9)	LONG	430	2.3300 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VA9)	SHORT	300	2.3100 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VA9)	SHORT	430	2.3300 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VC5)	LONG	3,733	0.1901 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VC5)	LONG	6,500	0.1980 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VC5)	LONG	31,038	0.2021 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VC5)	LONG	23,000	0.2030 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VC5)	LONG	2,500	0.2200 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VC5)	SHORT	10,000	0.1990 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VC5)	SHORT	2,538	0.2000 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VC5)	SHORT	35,733	0.2019 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG83VC5)	SHORT	18,500	0.2040 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG87HY9)	LONG	468	2.8000 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MG87HY9)	SHORT	468	2.8000 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ5HVC0)	LONG	500	1.8100 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ5HVC0)	SHORT	500	1.8100 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ5QF68)	LONG	200	2.5000 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ5QF68)	SHORT	200	2.5000 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ5QFF7)	LONG	3,000	1.0100 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ5QFF7)	SHORT	3,000	1.0100 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ6ZT45)	LONG	200	0.0960 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ6ZT45)	SHORT	200	0.0960 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ85PW4)	LONG	4,000	0.6700 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ85PW4)	SHORT	4,000	0.6700 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ85QB6)	LONG	414	0.3000 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ85QB6)	SHORT	414	0.3000 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ8FY57)	LONG	500	1.2500 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ8FY57)	LONG	800	1.5400 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ8FY57)	SHORT	500	1.2500 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ8FY57)	SHORT	800	1.5400 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ8KAQ2)	LONG	888	0.6900 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MJ8KAQ2)	SHORT	888	0.6900 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK56VY7)	LONG	350	2.9300 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK56VY7)	SHORT	350	2.9300 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFN3)	LONG	175	2.7600 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFN3)	LONG	2,356	2.8530 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFN3)	SHORT	200	2.7500 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFN3)	SHORT	175	2.7600 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFN3)	SHORT	427	2.8100 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFN3)	SHORT	499	2.8400 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFN3)	SHORT	1,230	2.8900 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFP8)	LONG	200	2.6800 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFP8)	LONG	3,238	2.7721 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFP8)	SHORT	200	2.6700 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFP8)	SHORT	200	2.6800 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFP8)	SHORT	920	2.7300 EUR
USD 0.0001 common	Warrants  (ISIN  DE000MK9KFP8)	SHORT	2,118	2.8000 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

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?

YES

Date of disclosure:	15 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 disclosure requirements on [phone].

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

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.         KEY INFORMATION

Full name of person making disclosure:	Morgan Stanley Europe SE
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	Aqua Acquisition Sub LLC (an indirect wholly-owned subsidiary of Qualcomm Incorporated)

2.         STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
USD 0.0001 common	CALL	WRITTEN	200,000	0.3967 USD	European	16/01/2026
USD 0.0001 common	CALL	PURCHASED	200,000	0.3967 USD	European	16/01/2026

3.         AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position                                             can be fully understood:

NONE

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

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

 

END