REG - Alphawave IP Group Qualcomm Inc - De-Listing and Cancellation of Trading

QualcommAnnouncement

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RNS Number : 2886M  Alphawave IP Group PLC  19 December 2025

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

FOR IMMEDIATE RELEASE

 

19 December 2025

 

Alphawave IP Group plc ("Alphawave" or the "Company")

 

De-Listing and Cancellation of Trading of Alphawave Shares

Further to the announcements made by Alphawave on 16 December 2025 and by
Qualcomm Incorporated ("Qualcomm") and Alphawave on 18 December 2025 in
respect of the sanction of the Scheme by the Court and the Scheme becoming
Effective, respectively, Alphawave today announces that, following an
application made on behalf of Alphawave, the Financial Conduct Authority has
cancelled the listing of the Alphawave Shares on the Official List and the
London Stock Exchange has cancelled the trading of the Alphawave Shares on the
London Stock Exchange's main market for listed securities, in each case with
effect from 8:00 a.m. today.

The scheme document in relation to the Scheme was published on 7 July 2025 and
is available at https://awavesemi.com/investors/offer-documentation/
(https://awavesemi.com/investors/offer-documentation/) (the "Scheme
Document").

Capitalised terms used in this announcement (the "Announcement") shall, unless
otherwise defined, have the same meanings as set out in the Scheme Document.
All references to time in this Announcement are to the time in London, United
Kingdom unless otherwise stated.

Enquiries:

 Alphawave
 Tony Pialis, President & Chief Executive Officer        ir@awavesemi.com

Rahul Mathur, Chief Operating & Financial Officer
+44 (0) 20 7717 5877
 Goldman Sachs International is acting as lead financial adviser to Alphawave,
 Barclays Bank PLC is acting as financial adviser and corporate broker to
 Alphawave and BMO Capital Markets Limited is acting as Rule 3 and Rule 15
 adviser to Alphawave.
 Linklaters LLP is acting as legal adviser to Alphawave.

Notes relating to Financial Advisers

Goldman Sachs International ("Goldman Sachs"), which is authorised by the PRA
and regulated by the FCA and the PRA in the United Kingdom, is acting
exclusively for Alphawave as lead financial adviser and no one else in
connection with the Acquisition and other matters set out in this Announcement
and will not be responsible to anyone other than Alphawave for providing the
protections afforded to clients of Goldman Sachs, nor for providing advice in
connection with the Acquisition, the content of this Announcement or any
matter referred to herein. Neither Goldman Sachs nor any of Goldman Sachs'
subsidiaries, affiliates or branches owes or accepts any duty, liability or
responsibility whatsoever (whether direct, indirect, consequential, whether in
contract, in tort, under statute or otherwise) to any person who is not a
client of Goldman Sachs in connection with this Announcement, any statement
contained herein or otherwise. Goldman Sachs may have unrelated historic,
current and future roles with Qualcomm, from which they could receive
payment(s), earn profit(s) and/or may derive fee(s).

Barclays Bank PLC, acting through its Investment Bank ("Barclays"), which is
authorised by the PRA and regulated in the United Kingdom by the FCA and the
PRA, is acting exclusively as financial adviser and corporate broker to
Alphawave and no one else in connection with the matters set out in this
Announcement and will not be responsible to anyone other than Alphawave for
providing the protections afforded to clients of Barclays nor for providing
advice in relation to the matters set out in or referred to in this
Announcement. In accordance with the Code, normal United Kingdom market
practice and Rule 14e-5(b) of the U.S. Exchange Act, Barclays and its
affiliates will continue to act as exempt principal trader in Alphawave
securities on the London Stock Exchange. These purchases and activities by
exempt principal traders which are required to be made public in the United
Kingdom pursuant to the Code will be reported to a Regulatory Information
Service and will be available on the London Stock Exchange website at
www.londonstockexchange.com. This information will also be publicly disclosed
in the United States to the extent that such information is made public in the
United Kingdom.

BMO Capital Markets Limited ("BMO"), which is authorised and regulated in the
United Kingdom by the FCA, is acting exclusively as Rule 3 and Rule 15 adviser
for Alphawave and for no one else in connection with the matters set out or
referred to in this Announcement and will not be responsible to anyone other
than Alphawave for providing the protections offered to clients of BMO nor for
providing advice in relation to the matters set out or referred to in this
Announcement. Neither BMO nor any of its 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 BMO in connection with this Announcement, its contents and/or any
matter or statement set out or referred to herein or otherwise.

Publication on Website

A copy of this Announcement will be made available on Alphawave's website
at https://awavesemi.com/investors/offer-documentation by no later than 12
noon on 22 December 2025. For the avoidance of doubt, the contents of this
website is not incorporated into and do not form part of this Announcement.

 

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