The Vanguard Group Discloses Alphawave IP Stake

The Vanguard Group, Inc. has disclosed its stake in Alphawave IP Group plc as part of a transparency requirement under Rule 8.3 of the Takeover Code. The disclosure reveals that Vanguard holds 14,248,449 of Alphawave's 1p ordinary shares, representing a 1.81% interest.

The disclosure also mentions that Vanguard has an interest in Qualcomm Incorporated, related to the same offer. Recently, Vanguard sold 3,080 of Alphawave's ordinary shares at 1.79 GBP each.

No additional transactions involving cash-settled or stock-settled derivatives have been reported. Moreover, Vanguard has confirmed the absence of any indemnity or other dealing arrangements with relevant parties to the offer.

This announcement provides further insight into the ownership dynamics of Alphawave IP amidst takeover-related activities.