AMENDMENT(2(a), 2(c)(i))
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: | 06 November 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 | SALES | 12 | 131.1570 GBP | 131.1570 GBP |
| USD 0.0001 common | PURCHASES | 390 | 152.9700 EUR | 148.0600 EUR |
| USD 0.0001 common | SALES | 105 | 153.7000 EUR | 149.9600 EUR |
| USD 0.0001 common | SALES | 175,525 | 178.1250 USD | 171.6600 USD |
| USD 0.0001 common | PURCHASES | 181,716 | 179.7200 USD | 171.6600 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 | 19 | 148.4579 EUR |
| USD 0.0001 common | CFD | increasing a short position | 260 | 150.0086 EUR |
| USD 0.0001 common | CFD | increasing a short position | 4 | 151.4200 EUR |
| USD 0.0001 common | CFD | increasing a short position | 6 | 152.7400 EUR |
| USD 0.0001 common | CFD | reducing a long position | 4 | 148.0600 EUR |
| USD 0.0001 common | CFD | reducing a short position | 8 | 150.9025 EUR |
| USD 0.0001 common | CFD | reducing a short position | 4 | 153.2000 EUR |
| USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MG4NZM4) | LONG | 467 | 2.4951 EUR |
| USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MG4NZM4) | SHORT | 700 | 2.5271 EUR |
| USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MJ4X836) | LONG | 160 | 1.9800 EUR |
| USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MJ4X836) | SHORT | 160 | 2.1600 EUR |
| USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MJ7F3B0) | LONG | 70 | 4.4700 EUR |
| USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MK45QZ7) | SHORT | 37 | 16.7500 EUR |
| USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MK45R26) | SHORT | 120 | 3.5200 EUR |
| USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MK45R34) | LONG | 6 | 2.5100 EUR |
| USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MK45R42) | LONG | 11 | 2.7200 EUR |
| USD 0.0001 common | Constant Leverage Certificate (ISIN DE000MK45R42) | SHORT | 11 | 2.3000 EUR |
| USD 0.0001 common | Constant Leverage Certificate (ISIN GB00BSJJYX45) | LONG | 21,276 | 1.4100 SEK |
| USD 0.0001 common | Constant Leverage Certificate (ISIN GB00BTL00898) | LONG | 20 | 174.5200 SEK |
| USD 0.0001 common | Constant Leverage Certificate (ISIN GB00BTL00898) | LONG | 14 | 182.0500 SEK |
| USD 0.0001 common | Constant Leverage Certificate (ISIN GB00BTL00898) | LONG | 30 | 195.3500 SEK |
| USD 0.0001 common | Constant Leverage Certificate (ISIN GB00BTL00898) | LONG | 25 | 205.0300 SEK |
| USD 0.0001 common | Constant Leverage Certificate (ISIN GB00BTL00898) | SHORT | 24 | 185.6900 SEK |
| USD 0.0001 common | Constant Leverage Certificate (ISIN GB00BTL00898) | SHORT | 14 | 194.6800 SEK |
| USD 0.0001 common | Discount Certificates (ISIN DE000MG45MB5) | LONG | 3,000 | 139.4375 EUR |
| USD 0.0001 common | Discount Certificates (ISIN DE000MG45MB5) | SHORT | 3,000 | 138.5525 EUR |
| USD 0.0001 common | Discount Certificates (ISIN DE000MG6FAD7) | LONG | 1,000 | 135.9100 EUR |
| USD 0.0001 common | Discount Certificates (ISIN DE000MG6FAD7) | SHORT | 1,000 | 135.4000 EUR |
| USD 0.0001 common | Discount Certificates (ISIN DE000MG6FAF2) | LONG | 2,000 | 137.5400 EUR |
| USD 0.0001 common | Discount Certificates (ISIN DE000MG6FAF2) | SHORT | 2,000 | 136.9200 EUR |
| USD 0.0001 common | Mini Future (ISIN DE000MA0DG25) | LONG | 298 | 6.6487 EUR |
| USD 0.0001 common | Mini Future (ISIN DE000MA0DG25) | SHORT | 400 | 6.7900 EUR |
| USD 0.0001 common | Mini Future (ISIN DE000MB63NT9) | SHORT | 50 | 10.3700 EUR |
| USD 0.0001 common | Mini Future (ISIN DE000MG3TBA9) | SHORT | 2,000 | 0.0560 EUR |
| USD 0.0001 common | Mini Future (ISIN DE000MM6JU79) | SHORT | 950 | 1.0800 EUR |
| USD 0.0001 common | Mini Future (ISIN GB00BL01V629) | SHORT | 26 | 76.5400 SEK |
| USD 0.0001 common | Mini Future (ISIN GB00BL01V629) | SHORT | 20 | 78.9200 SEK |
| USD 0.0001 common | Miscellaneous Leverage Without Knock Out (ISIN DE000MK3KXR0) | SHORT | 11,666 | 0.3000 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MB5Q041) | SHORT | 350 | 6.7900 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000ME3FZ03) | LONG | 262 | 5.7600 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000ME40FM2) | SHORT | 150 | 4.0500 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MG6GYP9) | LONG | 600 | 4.5400 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MG7QCC0) | SHORT | 651 | 2.7200 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MG97M99) | SHORT | 86 | 4.9060 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MJ2FX47) | SHORT | 500 | 5.0500 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MK4UDU3) | LONG | 4,476 | 3.5400 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MK4UDU3) | SHORT | 4,476 | 3.3700 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MK5GST9) | LONG | 433 | 3.3400 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MK5GST9) | SHORT | 716 | 3.3583 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MK66929) | LONG | 1,100 | 2.8661 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MK66929) | SHORT | 1,100 | 3.1673 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MK6EL04) | SHORT | 433 | 2.7500 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MK7NPL4) | LONG | 250 | 2.4600 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MK7Y3V3) | LONG | 120 | 4.1800 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MM28T23) | LONG | 2,200 | 2.1400 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MM28T56) | SHORT | 402 | 1.7759 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MM4GC19) | LONG | 278 | 3.1900 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MM4GC19) | SHORT | 278 | 3.0500 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MM5LAC1) | SHORT | 111 | 1.8100 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MM5T6R9) | LONG | 1,400 | 1.5000 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MM5T6R9) | SHORT | 1,400 | 1.4400 EUR |
| USD 0.0001 common | Open End Knock Out Warrant (ISIN DE000MM68HX9) | SHORT | 200 | 1.2900 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MB9D637) | SHORT | 1,000 | 0.9500 EUR |
| USD 0.0001 common | Warrants (ISIN DE000ME65YX7) | LONG | 13,930 | 1.9070 EUR |
| USD 0.0001 common | Warrants (ISIN DE000ME65YX7) | SHORT | 19,500 | 1.6562 EUR |
| USD 0.0001 common | Warrants (ISIN DE000ME8VLW9) | SHORT | 850 | 1.1500 EUR |
| USD 0.0001 common | Warrants (ISIN DE000ME8VLZ2) | LONG | 4,500 | 0.1723 EUR |
| USD 0.0001 common | Warrants (ISIN DE000ME9LR41) | SHORT | 5,000 | 0.3200 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MG6M9D1) | LONG | 22,222 | 0.5000 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MG6M9D1) | SHORT | 46,913 | 0.4500 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MG7CP58) | LONG | 1,800 | 1.0400 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MG7CP58) | SHORT | 650 | 1.1300 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MG7CPN9) | LONG | 12,000 | 0.6600 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MG7CPN9) | SHORT | 26,850 | 0.6890 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MG7CQA4) | SHORT | 1,600 | 1.8800 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MG7QQ77) | SHORT | 4,524 | 0.2250 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MG7U5W8) | LONG | 40,000 | 0.4475 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MG7U5W8) | SHORT | 200 | 0.4400 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MG83VC5) | LONG | 72,510 | 0.3125 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MG83VC5) | SHORT | 21,621 | 0.3377 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MJ85PX2) | LONG | 950 | 2.8200 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MJ85PX2) | SHORT | 600 | 2.9900 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MJ8FY65) | LONG | 1,000 | 0.3700 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MJ960N4) | SHORT | 10,000 | 0.3600 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MK9KFN3) | LONG | 245 | 3.6496 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MK9KFN3) | SHORT | 532 | 3.8174 EUR |
| USD 0.0001 common | Warrants (ISIN DE000MM02EA3) | SHORT | 183 | 1.5300 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 |
| USD 0.0001 common | CALL | PURCHASING | 214.31 | 6096.3401 | European | 06/11/2030 | 411.2755 USD |
| USD 0.0001 common | CALL | WRITING | 214.31 | 6096.3401 | European | 06/11/2030 | 411.2755 USD |
| USD 0.0001 common | CALL | PURCHASING | 181.34 | 6126.6701 | European | 06/11/2029 | 372.4530 USD |
| USD 0.0001 common | CALL | WRITING | 181.34 | 6126.6701 | European | 06/11/2029 | 372.4530 USD |
| USD 0.0001 common | CALL | WRITING | 148.37 | 6163.0662 | European | 06/11/2028 | 319.6787 USD |
| USD 0.0001 common | CALL | PURCHASING | 148.37 | 6163.0662 | European | 06/11/2028 | 319.6787 USD |
| USD 0.0001 common | CALL | PURCHASING | 98.91 | 6066.0100 | European | 06/11/2026 | 225.0490 USD |
| USD 0.0001 common | CALL | PURCHASING | 230.79 | 6066.0100 | European | 06/11/2026 | 225.6556 USD |
| USD 0.0001 common | CALL | WRITING | 230.79 | 6066.0100 | European | 06/11/2026 | 225.6556 USD |
| USD 0.0001 common | CALL | WRITING | 98.91 | 6066.0100 | European | 06/11/2026 | 225.0490 USD |
| USD 0.0001 common | CALL | PURCHASING | 148.37 | 6078.1420 | European | 05/11/2027 | 298.4477 USD |
| USD 0.0001 common | CALL | PURCHASING | 148.37 | 6084.2080 | European | 05/11/2027 | 297.2345 USD |
| USD 0.0001 common | CALL | WRITING | 148.37 | 6084.2080 | European | 05/11/2027 | 297.2345 USD |
| USD 0.0001 common | CALL | WRITING | 148.37 | 6078.1420 | European | 05/11/2027 | 298.4477 USD |
(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: | 10 November 2025 |
Contact name: | Claire Gordon |
Telephone number: | +44 141 245-8893 |
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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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