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REG - Goldman Sachs & Co. Qualcomm Inc - Form 8.5 (EPT/NON-RI) - Amendment Qualcomm INC

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RNS Number : 8500K  Goldman Sachs & Co. LLC  09 December 2025

Amendment - due to the amendment of Equity transactions, the disclosure made
on 11 November for dealings on 10 November has been updated. Section 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   AQUA ACQUISITION SUB LLC (AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF QUALCOMM
 relates:                                                                         INCORPORATED)

      Use a separate form for each offeror/offeree
 (c) Name of the party to the offer with which exempt principal trader is         ALPHAWAVE IP GROUP PLC
 connected:
 (d) Date position held/dealing undertaken:                                       10 November 2025

      For an opening position disclosure, state the latest practicable date
 prior to the disclosure
 (e) In addition to the company in 1(b) above, is the exempt principal trader     NO
 making disclosures in respect of any other party to the offer?

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

 

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:                     3,605,567.73  0.33   619,599.73    0.05
 (2) Cash-settled derivatives:                                        2,174,814     0.20   167,389       0.01
 (3) Stock-settled derivatives (including options) and agreements to  2,108,342     0.20   1,927,794     0.18
 purchase/sell:
                                                                      7,888,723.73  0.73   2,714,782.73  0.24

      TOTAL:

 

 

 

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         744,033                     190.0426 USD                          169.5400 USD
 USD 0.0001 common           Sales             578,015                     182.0867 USD                          154.9913 USD

 

 

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position
 USD 0.0001 common           CFD                  Reducing a long position                                                       25                              169.9790 USD
 USD 0.0001 common           CFD                  Reducing a long position                                                       129                             169.9790 USD
 USD 0.0001 common           CFD                  Opening a short position                                                       78                              170.0400 USD
 USD 0.0001 common           CFD                  Reducing a long position                                                       284                             170.3352 USD
 USD 0.0001 common           CFD                  Increasing a short position                                                    18                              170.3453 USD
 USD 0.0001 common           CFD                  Increasing a long position                                                     15                              170.6953 USD
 USD 0.0001 common           CFD                  Increasing a long position                                                     6                               170.6953 USD
 USD 0.0001 common           CFD                  Increasing a long position                                                     12                              170.6953 USD
 USD 0.0001 common           CFD                  Reducing a long position                                                       2,703                           170.9802 USD
 USD 0.0001 common           CFD                  Reducing a short position                                                      321                             171.0340 USD
 USD 0.0001 common           CFD                  Reducing a short position                                                      198                             171.0340 USD
 USD 0.0001 common           CFD                  Opening a short position                                                       4,085                           171.0829 USD
 USD 0.0001 common           CFD                  Reducing a long position                                                       1,198                           171.0829 USD
 USD 0.0001 common           CFD                  Increasing a long position                                                     7,525                           171.1526 USD
 USD 0.0001 common           CFD                  Increasing a short position                                                    100                             171.3944 USD
 USD 0.0001 common           CFD                  Increasing a short position                                                    200                             171.3944 USD
 USD 0.0001 common           CFD                  Increasing a short position                                                    500                             171.3944 USD
 USD 0.0001 common           CFD                  Increasing a short position                                                    100                             171.3944 USD
 USD 0.0001 common           CFD                  Increasing a short position                                                    23                              171.3944 USD
 USD 0.0001 common           CFD                  Increasing a short position                                                    100                             171.3944 USD
 USD 0.0001 common           CFD                  Reducing a short position                                                      365                             171.4742 USD
 USD 0.0001 common           CFD                  Reducing a short position                                                      224                             171.4784 USD
 USD 0.0001 common           CFD                  Reducing a long position                                                       1,550                           171.5618 USD
 USD 0.0001 common           CFD                  Reducing a long position                                                       7                               171.5634 USD
 USD 0.0001 common           CFD                  Reducing a long position                                                       1                               171.5634 USD
 USD 0.0001 common           CFD                  Opening a long position                                                        284                             171.5693 USD
 USD 0.0001 common           CFD                  Opening a short position                                                       76                              171.5708 USD
 USD 0.0001 common           CFD                  Reducing a long position                                                       6,509                           171.5710 USD
 USD 0.0001 common           CFD                  Reducing a long position                                                       252                             171.5725 USD
 USD 0.0001 common           CFD                  Reducing a short position                                                      91                              171.5804 USD
 USD 0.0001 common           CFD                  Reducing a short position                                                      56                              171.5804 USD
 USD 0.0001 common           CFD                  Increasing a short position                                                    99                              171.5819 USD
 USD 0.0001 common           CFD                  Reducing a short position                                                      100                             171.6640 USD
 USD 0.0001 common           CFD                  Opening a short position                                                       2,475                           172.4560 USD
 USD 0.0001 common           CFD                  Increasing a short position                                                    100                             173.9122 USD
 USD 0.0001 common           SWAP                 Increasing a long position                                                     305                             171.5700 USD
 USD 0.0001 common           SWAP                 Reducing a long position                                                       58                              171.5700 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                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Purchasing                                  1,500 (150,000)                               250.0000 USD             AMERICAN                       18/09/2026   5.7000 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.9800 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.8100 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     3 (300)                                       175.0000 USD             AMERICAN                       18/09/2026   22.8200 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     2 (200)                                       175.0000 USD             AMERICAN                       18/09/2026   22.9000 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     2 (200)                                       175.0000 USD             AMERICAN                       18/09/2026   22.6300 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     4 (400)                                       175.0000 USD             AMERICAN                       18/09/2026   22.9300 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.8200 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     5 (500)                                       175.0000 USD             AMERICAN                       18/09/2026   22.8200 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7800 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     3 (300)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7900 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     9 (900)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7800 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7700 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     2 (200)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7800 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.9800 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7800 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7300 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     3 (300)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7900 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7700 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.9300 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.8800 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     2 (200)                                       175.0000 USD             AMERICAN                       18/09/2026   22.9400 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     3 (300)                                       175.0000 USD             AMERICAN                       18/09/2026   22.6800 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.9800 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7900 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7300 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     5 (500)                                       175.0000 USD             AMERICAN                       18/09/2026   22.8000 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7300 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.8500 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.8200 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     2 (200)                                       175.0000 USD             AMERICAN                       18/09/2026   23.0700 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     2 (200)                                       175.0000 USD             AMERICAN                       18/09/2026   23.0700 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     10 (1,000)                                    175.0000 USD             AMERICAN                       18/09/2026   22.8200 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     3 (300)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7900 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7600 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7600 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.9300 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.8000 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     2 (200)                                       175.0000 USD             AMERICAN                       18/09/2026   22.9400 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     4 (400)                                       175.0000 USD             AMERICAN                       18/09/2026   22.8200 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     2 (200)                                       175.0000 USD             AMERICAN                       18/09/2026   22.6600 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7400 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.7900 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     2 (200)                                       175.0000 USD             AMERICAN                       18/09/2026   22.6800 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     2 (200)                                       175.0000 USD             AMERICAN                       18/09/2026   22.8500 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1 (100)                                       175.0000 USD             AMERICAN                       18/09/2026   22.9600 USD
 USD 0.0001 common           Call Option / (1.00 : 100.00)         Selling                                     1,500 (150,000)                               300.0000 USD             AMERICAN                       18/09/2026   2.8200 USD

 

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising / exercised against  Number of securities  Exercise price per unit

                             e.g. call option

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

                             e.g. subscription, conversion

 

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:  09 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
(http://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      AQUA ACQUISITION SUB LLC (AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF QUALCOMM
 disclosure relates:                                                        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                           Expiry date

                                                                                                                                                                              e.g. American, European etc.
 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                           Sold                  9,600                                                       175.0000 USD             AMER                           18/09/2026
 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                  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                           Purchased             150,000                                                     250.0000 USD             AMER                           18/09/2026
 USD 0.0001 common           Call Option                           Sold                  172,800                                                     300.0000 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                  322                                                         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             3,060                                                       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                  7,600                                                       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                            Purchased             60,000                                                      165.0000 USD             AMER                           14/11/2025
 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
(http://www.thetakeoverpanel.org.uk) .

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 or visit
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.

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.   END  FEOBKLFBELLZFBE



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