REG - Qualcomm Inc - Rule 2.9 Announcement

EvercoreAnnouncement

Wed 08:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250430:nRSd7112Ga&default-theme=true

RNS Number : 7112G  Qualcomm Inc  30 April 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

 
 

30 April 2025

 

Qualcomm Incorporated ("Qualcomm")

Rule 2.9 Announcement

 

In accordance with Rule 2.9 of the City Code on Takeovers and Mergers (the
"Code"), Qualcomm confirms that, as at close of business on 28 April 2025
(being the latest practicable day prior to the date of this announcement), it
had 1,097,671,957 shares of common stock, with a par value of US$0.0001 each,
in issue. Qualcomm holds no shares in treasury. The total number of shares
attracting voting rights in Qualcomm is therefore 1,097,671,957.

Qualcomm's common stock is listed and principally traded on the Nasdaq Stock
Market LLC (Nasdaq Global Select Market segment) under the symbol "QCOM" with
International Securities Identification Number ("ISIN") US7475251036.

Issuer Purchase of Common Stock

Further to the announcement of Qualcomm's new $15.0 billion stock repurchase
authorization on 6 November 2024, Qualcomm announces that between the dates of
21 April 2025 and 25 April 2025 (being the previous week) it purchased a total
of 617,050 shares of common stock, with a par value of US$0.0001 each.

 

 Date of purchase                                                         21 to 25 April 2025
 Number of shares of common stock purchased                               617,050
 Highest price paid per share of common stock (USD)((1))                  $149.17
 Lowest price paid per share of common stock (USD)((1))                   $133.36
 Volume weighted average price paid per share of common stock (USD)((1))  $141.40

( )

((1)) Rounded to two decimal places

 

Enquiries

 Qualcomm Incorporated
 Mauricio Lopez-Hodoyan, Investor Relations             Tel: +1 858 658 4813

                                                        Email: ir@qualcomm.com
 Clare Conley, Media Relations                          Tel: +1 858 845 5959

                                                        Email: corpcomm@qualcomm.com

 Evercore (Financial Adviser to Qualcomm Incorporated)  Tel: +44 (0) 20 7653 6000
 Stuart Francis
 Ed Banks

 Preston Comey

 Harrison George

 

About Qualcomm

Qualcomm relentlessly innovates to deliver intelligent computing everywhere,
helping the world tackle some of its most important challenges. Building on
our 40 years of technology leadership in creating era-defining breakthroughs,
we deliver a broad portfolio of solutions built with our leading-edge AI,
high-performance, low-power computing, and unrivaled connectivity. Our
Snapdragon® platforms power extraordinary consumer experiences, and our
Qualcomm Dragonwing™ products empower businesses and industries to scale to
new heights. Together with our ecosystem partners, we enable next-generation
digital transformation to enrich lives, improve businesses, and advance
societies. At Qualcomm, we are engineering human progress.

Qualcomm Incorporated includes our licensing business, QTL, and the vast
majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of
Qualcomm Incorporated, operates, along with its subsidiaries, substantially
all of our engineering and research and development functions and
substantially all of our products and services businesses, including our QCT
semiconductor business. Snapdragon and Qualcomm branded products are products
of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patents are
licensed by Qualcomm Incorporated.

 

Important Notice

Evercore Partners International LLP ("Evercore"), which is authorised and
regulated by the Financial Conduct Authority ("FCA") in the UK, is acting
exclusively as financial adviser to Qualcomm and no one else in connection
with the matters described in this announcement and will not be responsible to
anyone other than Qualcomm for providing the protections afforded to clients
of Evercore nor for providing advice in connection with the matters referred
to herein. Neither Evercore nor any of its subsidiaries, branches or
affiliates owes or accepts any duty, liability or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under statute or
otherwise) to any person who is not a client of Evercore in connection with
this announcement, any statement contained herein, any offer or otherwise.
Apart from the responsibilities and liabilities, if any, which may be imposed
on Evercore by the Financial Services and Markets Act 2000, or the regulatory
regime established thereunder, or under the regulatory regime of any
jurisdiction where exclusion of liability under the relevant regulatory regime
would be illegal, void or unenforceable, neither Evercore nor any of its
affiliates accepts any responsibility or liability whatsoever for the contents
of this announcement, and no representation, express or implied, is made by
it, or purported to be made on its behalf, in relation to the contents of this
announcement, including its accuracy, completeness or verification of any
other statement made or purported to be made by it, or on its behalf, in
connection with Qualcomm or the matters described in this document. To the
fullest extent permitted by applicable law, Evercore and its affiliates
accordingly disclaim all and any responsibility or liability whether arising
in tort, contract or otherwise (save as referred to above) which they might
otherwise have in respect of this announcement, or any statement contained
herein.

 

Disclosure Requirements

Under Rule 8.3(a) of the Code, any person who is interested in 1 per cent. or
more of any class of relevant securities of an offeree company or of any
securities exchange offeror (being any offeror other than an offeror in
respect of which it has been announced that its offer is, or is likely to be,
solely in cash) must make an Opening Position Disclosure following the
commencement of the offer period and, if later, following the announcement in
which any securities exchange offeror is first identified.

An Opening Position Disclosure must contain details of the person's interests
and short positions in, and rights to subscribe for, any relevant securities
of each of (i) the offeree company and (ii) any securities exchange
offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a)
applies must be made by not later than 3.30 pm (London time) on the 10th
business day following the commencement of the offer period and, if
appropriate, by not later than 3.30 pm (London time) on the 10th business day
following the announcement in which any securities exchange offeror is first
identified. Relevant persons who deal in the relevant securities of the
offeree company or of a securities exchange offeror prior to the deadline for
making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1
per cent. or more of any class of relevant securities of the offeree company
or of any securities exchange offeror must make a Dealing Disclosure if the
person deals in any relevant securities of the offeree company or of any
securities exchange offeror. A Dealing Disclosure must contain details of the
dealing concerned and of the person's interests and short positions in, and
rights to subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any securities exchange offeror(s), save to the extent that
these details have previously been disclosed under Rule 8. A Dealing
Disclosure by a person to whom Rule 8.3(b) applies must be made by not later
than 3.30 pm (London time) on the business day following the date of the
relevant dealing.

If two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire or control an interest in relevant
securities of an offeree company or a securities exchange offeror, they will
be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by
any offeror and Dealing Disclosures must also be made by the offeree company,
by any offeror and by any persons acting in concert with any of them (see
Rules 8.1, 8.2 and 8.4 of the Code).

Details of the offeree and offeror companies in respect of whose relevant
securities Opening Position Disclosures and Dealing Disclosures must be made
can be found in the Disclosure Table on the Takeover Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced and when any offeror was
first identified. You should contact the Panel's Market Surveillance Unit on
+44 (0)20 7638 0129 if you are in any doubt as to whether you are required to
make an Opening Position Disclosure or a Dealing Disclosure.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RTTSELFAUEISEEL