Source - LSE Regulatory
RNS Number : 6958K
Goldman Sachs & Co. LLC
08 December 2025
 

Amendment - due to the amendment of Equity transactions, the disclosure made on 7th November for dealings on 6th November has been updated. Section 2(a) and 3(a) has been updated.

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:

GOLDMAN SACHS & CO. 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 position held/dealing undertaken:

     For an opening position disclosure, state the latest practicable date prior to the disclosure

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 the offer?

     If it is a cash offer or possible cash offer, state "N/A"

NO

 

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:

3,309,619.73

0.30

927,569.73

0.08

(2) Cash-settled derivatives:

2,174,597

0.20

150,968

0.01

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

1,958,402

0.21

1,708,388

0.18

 

     TOTAL:

7,742,618.73

0.72

3,086,925.73

0.28

 

 

 

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:


Details, including nature of the rights concerned and relevant percentages:

 

 

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

435,250

178.1800 USD

162.1513 USD

USD 0.0001 common

Sales

441,000

177.9200 USD

154.9913 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

Reducing a long position

111

171.0016 USD

USD 0.0001 common

CFD

Reducing a long position

558

171.0016 USD

USD 0.0001 common

CFD

Reducing a long position

1,352

171.0676 USD

USD 0.0001 common

CFD

Reducing a long position

6,845

172.3974 USD

USD 0.0001 common

CFD

Increasing a long position

79

172.4088 USD

USD 0.0001 common

CFD

Increasing a long position

104

172.4088 USD

USD 0.0001 common

CFD

Increasing a long position

5,127

172.7484 USD

USD 0.0001 common

CFD

Reducing a short position

49

172.9701 USD

USD 0.0001 common

CFD

Reducing a short position

89

172.9701 USD

USD 0.0001 common

CFD

Reducing a short position

124

172.9701 USD

USD 0.0001 common

CFD

Reducing a long position

2,194

173.0852 USD

USD 0.0001 common

CFD

Reducing a long position

94

173.1320 USD

USD 0.0001 common

CFD

Reducing a long position

185

173.2003 USD

USD 0.0001 common

CFD

Reducing a long position

1,449

173.2010 USD

USD 0.0001 common

CFD

Reducing a long position

159

173.2010 USD

USD 0.0001 common

CFD

Reducing a short position

4

173.2573 USD

USD 0.0001 common

CFD

Opening a long position

9

173.2841 USD

USD 0.0001 common

CFD

Reducing a short position

429

173.3526 USD

USD 0.0001 common

CFD

Reducing a short position

4,492

173.3526 USD

USD 0.0001 common

CFD

Reducing a short position

3,017

173.3528 USD

USD 0.0001 common

CFD

Increasing a long position

83

173.3913 USD

USD 0.0001 common

CFD

Increasing a long position

32

173.3913 USD

USD 0.0001 common

CFD

Increasing a long position

60

173.3913 USD

USD 0.0001 common

CFD

Reducing a short position

32

173.3950 USD

USD 0.0001 common

CFD

Reducing a short position

60

173.3950 USD

USD 0.0001 common

CFD

Opening a long position

54

173.3950 USD

USD 0.0001 common

CFD

Reducing a short position

83

173.3950 USD

USD 0.0001 common

CFD

Opening a long position

45

173.3950 USD

USD 0.0001 common

CFD

Opening a long position

19

173.3950 USD

USD 0.0001 common

CFD

Increasing a short position

7,662

173.4606 USD

USD 0.0001 common

CFD

Increasing a short position

4,696

173.4606 USD

USD 0.0001 common

CFD

Reducing a long position

7

173.4857 USD

USD 0.0001 common

CFD

Increasing a long position

322

173.5510 USD

USD 0.0001 common

CFD

Reducing a long position

4,500

173.5634 USD

USD 0.0001 common

CFD

Reducing a long position

6,860

173.5634 USD

USD 0.0001 common

CFD

Reducing a long position

15,402

173.5634 USD

USD 0.0001 common

CFD

Increasing a long position

4,000

173.7125 USD

USD 0.0001 common

CFD

Reducing a long position

30

173.7220 USD

USD 0.0001 common

CFD

Reducing a short position

450

173.7760 USD

USD 0.0001 common

CFD

Increasing a long position

3,187

175.6250 USD

USD 0.0001 common

CFD

Increasing a short position

174

175.8836 USD

USD 0.0001 common

CFD

Increasing a short position

107

175.8836 USD

USD 0.0001 common

CFD

Reducing a short position

84

177.7950 USD

USD 0.0001 common

CFD

Reducing a short position

91

177.7950 USD

USD 0.0001 common

CFD

Increasing a short position

700

177.8124 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









 

(ii)        Exercise

 

Class of relevant security

Product description

e.g. call option

Exercising / exercised against

Number of securities

Exercise price per unit






 

(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)


 

 



 

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:

08 December 2025

Contact name:

Papa Lette and Andrzej Szyszka

Telephone number:

+33(1) 4212 1459 / +48(22) 317 4817

 

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 +44 (0)20 7638 0129.

 

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, AGREEMENT 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:

GOLDMAN SACHS & CO. LLC

     Name of offeror/offeree in relation to whose relevant securities 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 Option

Purchased

200

185.0000 USD

AMER

18/06/2026

USD 0.0001 common

Call Option

Sold

3,000

180.0000 USD

AMER

16/01/2026

USD 0.0001 common

Call Option

Purchased

3,500

190.0000 USD

AMER

18/06/2026

USD 0.0001 common

Call Option

Sold

5,000

160.0000 USD

AMER

16/01/2026

USD 0.0001 common

Call Option

Purchased

10,000

180.0000 USD

AMER

17/06/2027

USD 0.0001 common

Call Option

Purchased

10,000

185.0000 USD

AMER

20/03/2026

USD 0.0001 common

Call Option

Sold

10,000

190.0000 USD

AMER

20/02/2026

USD 0.0001 common

Call Option

Sold

11,400

290.0000 USD

AMER

18/09/2026

USD 0.0001 common

Call Option

Purchased

12,500

185.0000 USD

AMER

16/01/2026

USD 0.0001 common

Call Option

Sold

16,100

150.0000 USD

AMER

16/01/2026

USD 0.0001 common

Call Option

Sold

19,600

175.0000 USD

AMER

18/06/2026

USD 0.0001 common

Call Option

Purchased

20,000

170.0000 USD

AMER

15/01/2027

USD 0.0001 common

Call Option

Purchased

20,000

180.0000 USD

AMER

20/03/2026

USD 0.0001 common

Call Option

Sold

22,800

300.0000 USD

AMER

18/09/2026

USD 0.0001 common

Call Option

Sold

28,000

180.0000 USD

AMER

19/12/2025

USD 0.0001 common

Call Option

Purchased

40,000

180.0000 USD

AMER

15/01/2027

USD 0.0001 common

Call Option

Purchased

40,000

190.0000 USD

AMER

18/06/2026

USD 0.0001 common

Call Option

Purchased

60,100

180.0000 USD

AMER

21/11/2025

USD 0.0001 common

Call Option

Sold

70,000

160.0000 USD

EURO

21/11/2025

USD 0.0001 common

Call Option

Purchased

125,000

210.0000 USD

AMER

18/09/2026

USD 0.0001 common

Call Option

Sold

250,000

250.0000 USD

AMER

18/09/2026

USD 0.0001 common

Call Option

Purchased

250,000

300.0000 USD

AMER

18/09/2026

USD 0.0001 common

Call Option

Purchased

300,000

150.0000 USD

AMER

16/01/2026

USD 0.0001 common

Call Option

Sold

300,000

150.0000 USD

AMER

16/01/2026

USD 0.0001 common

Call Option

Purchased

300,000

150.0000 USD

AMER

16/01/2026

USD 0.0001 common

Call Option

Sold

750,000

250.0000 USD

AMER

18/09/2026

USD 0.0001 common

Call Option

Purchased

750,000

300.0000 USD

AMER

18/09/2026

USD 0.0001 common

NA

Sold

90

131.4773 USD

EURO

18/08/2026

USD 0.0001 common

NA

Sold

326

182.0867 USD

EURO

06/07/2026

USD 0.0001 common

NA

Sold

2,250

158.1168 USD

EURO

27/04/2027

USD 0.0001 common

NA

Purchased

3,120

162.1513 USD

EURO

09/04/2026

USD 0.0001 common

NA

Sold

4,032

154.9913 USD

EURO

30/10/2026

USD 0.0001 common

NA

Purchased

5,522

190.0426 USD

EURO

12/10/2026

USD 0.0001 common

NA

Sold

7,790

142.7849 USD

EURO

14/08/2026

USD 0.0001 common

Put Option

Purchased

500

180.0000 USD

AMER

18/06/2026

USD 0.0001 common

Put Option

Sold

660

130.9000 USD

EURO

04/03/2026

USD 0.0001 common

Put Option

Sold

800

145.0000 USD

AMER

16/01/2026

USD 0.0001 common

Put Option

Sold

3,000

180.0000 USD

AMER

16/01/2026

USD 0.0001 common

Put Option

Sold

5,000

160.0000 USD

AMER

16/01/2026

USD 0.0001 common

Put Option

Sold

5,700

180.0000 USD

AMER

15/01/2027

USD 0.0001 common

Put Option

Purchased

9,500

160.0000 USD

AMER

20/03/2026

USD 0.0001 common

Put Option

Purchased

10,000

150.0000 USD

AMER

18/06/2026

USD 0.0001 common

Put Option

Purchased

10,000

175.0000 USD

AMER

20/03/2026

USD 0.0001 common

Put Option

Sold

10,000

175.0000 USD

AMER

20/02/2026

USD 0.0001 common

Put Option

Purchased

10,000

180.0000 USD

AMER

18/06/2026

USD 0.0001 common

Put Option

Purchased

10,000

180.0000 USD

AMER

17/06/2027

USD 0.0001 common

Put Option

Purchased

12,500

130.0000 USD

AMER

19/12/2025

USD 0.0001 common

Put Option

Purchased

15,000

140.0000 USD

AMER

20/02/2026

USD 0.0001 common

Put Option

Sold

18,500

131.0000 USD

AMER

19/12/2025

USD 0.0001 common

Put Option

Sold

19,300

130.0000 USD

AMER

18/06/2026

USD 0.0001 common

Put Option

Purchased

20,000

130.0000 USD

AMER

16/01/2026

USD 0.0001 common

Put Option

Purchased

22,300

160.0000 USD

AMER

21/11/2025

USD 0.0001 common

Put Option

Sold

22,300

180.0000 USD

AMER

21/11/2025

USD 0.0001 common

Put Option

Sold

23,700

165.0000 USD

AMER

20/03/2026

USD 0.0001 common

Put Option

Purchased

28,300

95.0000 USD

AMER

16/01/2026

USD 0.0001 common

Put Option

Purchased

30,000

160.0000 USD

AMER

20/03/2026

USD 0.0001 common

Put Option

Sold

39,400

135.0000 USD

AMER

16/01/2026

USD 0.0001 common

Put Option

Purchased

39,900

130.0000 USD

AMER

18/06/2026

USD 0.0001 common

Put Option

Purchased

40,000

110.0000 USD

AMER

18/06/2026

USD 0.0001 common

Put Option

Sold

60,100

155.0000 USD

AMER

21/11/2025

USD 0.0001 common

Put Option

Purchased

70,000

160.0000 USD

EURO

21/11/2025

USD 0.0001 common

Put Option

Sold

100,000

150.0000 USD

AMER

16/01/2026

USD 0.0001 common

Put Option

Purchased

180,000

105.0000 USD

AMER

16/01/2026

 

 

3.         AGREEMENTS TO PURCHASE OR SELL

 

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


 

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

 

 The currency of all pieces 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 +44 (0)20 7638 0129.

 

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

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