20th Jan 2026 17:02
Amendment this form replaces:
RNS 6091P published at 10.26AM on 20/01/2026
RNS 2723P published at 11.45AM on 16/01/2026
RNS 1155P published at 2.38PM on 15/01/2026
RNS 9222O published at 1.50PM on 14/01/2026
RNS 7484O published at 3.09PM on 13/01/2026
RNS 5705O published at 3.15PM on 12/01/2026
PUBLIC OPENING POSITION DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: | Schroders plc |
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. | |
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Rio Tinto Limited and Rio Tinto Plc |
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: | |
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure | 19/01/2026 In addition, Schroders PLC has dealt on previous dates during the offer period as attached at the end of this form. |
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" | Glencore Plc |
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
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(c), 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:
| Rio Tinto Plc- 10p Ordinary | |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 18,731,554 | 1.49340 |
|
|
(2) Cash-settled derivatives:
| 121,942 | 0.00972 | 380,110 | 0.0303 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 8,000 | 0.0006 | ||
TOTAL: | 18,853,496* | 1.50312 | 388,110 | 0.0309 |
*Schroders PLC does not have discretion regarding voting decisions in respect of [1,998,386] shares that are included in the total above.
Class of relevant security:
| Rio Tinto Limited - Ordinary | |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 3,967,989 | 1.06892
|
|
|
(2) Cash-settled derivatives:
| 366 | 0.000098 | ||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | ||||
TOTAL: | 3,967,989** | 1.06892 | 366 | 0.000098 |
**Schroders PLC does not have discretion regarding voting decisions in respect of [1,188,631] shares that are included in the total above.
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 PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), 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 | Purchase/sale
| Number of securities | Price per unit |
Rio Tinto Limited Ordinary | Purchase | 4,115 | 147.42409 AUD |
Rio Tinto Limited Ordinary | Purchase | 3000 | 147 AUD |
Rio Tinto Limited Ordinary | Sale | 666 | 147 AUD |
Rio Tinto PLC 10p Ordinary | Sale | 31 | 63.25 GBP |
Rio Tinto PLC 10p Ordinary | Sale | 4 | 63.71 GBP |
Rio Tinto PLC 10p Ordinary | Sale | 60 | 63.32 GBP |
Rio Tinto PLC 10p Ordinary | Sale | 69 | 63.19 GBP |
Rio Tinto PLC 10p Ordinary | Purchase | 14,040 | 63.52 GBP |
Rio Tinto PLC 10p Ordinary | Purchase | 36,997 | 63.41 GBP |
Rio Tinto PLC 10p Ordinary | Purchase | 448 | 63.44 GBP |
Rio Tinto PLC 10p Ordinary | Purchase | 255 | 63.22 GBP |
Rio Tinto PLC 10p Ordinary | Purchase | 105 | 63.595 GBP |
Rio Tinto PLC 10p Ordinary | Purchase | 46 | 63.21 GBP |
Rio Tinto PLC 10p Ordinary | Purchase | 40 | 63.47 GBP |
Rio Tinto PLC 10p Ordinary | Purchase | 107 | 63.5 GBP |
Rio Tinto PLC 10p Ordinary | Purchase | 43 | 63.6 GBP |
Rio Tinto PLC 10p Ordinary | Purchase | 60 | 63.36 GBP |
(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 |
(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 person 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 person 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: | 20/01/2026 |
| Contact name: | Indea Lashley-Patel |
| Telephone number: | +442076587271 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. 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.
ADDITIONAL DEALINGS BY THE PERSON MAKING THE DISCLOSURE
(a) Purchases and sales
Date of Dealing | Class of relevant security | Purchase/sale
| Number of securities | Price per unit |
12/01/2026 | Rio Tinto Limited Ordinary | Purchase | 280 | 144.390 AUD |
12/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 1302 | 60.835 GBP |
12/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 341 | 61.35 GBP |
12/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 67 | 60.505 GBP |
12/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 51 | 61.120 GBP |
12/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 25 | 60.470 GBP |
12/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 28 | 61.155 GBP |
12/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 41 | 60.590 GBP |
12/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 110 | 60.3460 GBP |
12/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 274 | 60.470 GBP |
12/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 302 | 60.74273 GBP |
13/01/2026 | Rio Tinto Limited Ordinary | Sale | 143 | 143.27000000 AUD |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 268 | 61.85 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 191 | 61.875 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 115 | 61.57504 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 30 | 61.460 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 16 | 61.575 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 34 | 62.20 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 67 | 61.89 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 133 | 62.135 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 42 | 61.5781 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 36 | 62.180 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 250 | 61.590 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 9 | 62.180 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 65 | 61.595 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 273 | 61.60586 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 330 | 61.59121 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 30 | 61.60586 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 109 | 62.145 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 500 | 61.460 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 558 | 61.58412 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 4,263 | 61.64000000 GBP |
13/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 348 | 61.64000000 GBP |
14/01/2026 | Rio Tinto Limited Ordinary | Purchase | 136 | 146.79739000 AUD |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 34,233 | 63.36500000 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 854 | 62.69500000 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 88 | 63.325 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 142 | 63.320 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 565 | 62.68843 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 303 | 63.330 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 18 | 62.490 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 36 | 63.280 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 242 | 62.87554 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 75 | 63.430 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 713 | 62.60403 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 470 | 62.33983 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 170 | 61.950532 GBP |
15/01/2026 | Rio Tinto Limited Ordinary | Sale | 176 | 148.29000000 AUD |
15/01/2026 | Rio Tinto Limited Ordinary | Purchase | 419 | 148.05669000 AUD |
15/01/2026 | Rio Tinto Limited Ordinary | Purchase | 1507 | 148.29000000 AUD |
15/01/2026 | Rio Tinto Limited Ordinary | Purchase | 1039 | 148.44651000 AUD |
15/01/2026 | Rio Tinto Limited Ordinary | Purchase | 25,171 | 147.20000000 AUD |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 163 | 63.24000000GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 937 | 63.52000000 GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 392 | 64.68000000 GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 802 | 63.995561 GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 1071 | 64.2001867 GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 100 | 64.11 GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 1967 | 63.64537 GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 140 | 62.91 GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 55 | 64.44 GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 34 | 64.27 GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 24 | 62.925 GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 26 | 62.91 GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 26 | 64.13 GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 620 | 64.315 GBP |
16/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 111 | 64 GBP |
16/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 37 | 63.5 GBP |
16/01/2026 | Rio Tinto PLC 10p Ordinary | Sale | 13 | 63.495 GBP |
16/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 172 | 63.68 GBP |
16/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 189 | 63.395 GBP |
16/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 139 | 63.400 GBP |
16/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 224 | 63.5 GBP |
16/01/2026 | Rio Tinto PLC 10p Ordinary | Purchase | 382 | 63.48733 GBP |
(b) Cash-settled derivative transactions
Date of Dealing | 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 |
12/01/2026 | Rio Tinto PLC 10p Ordinary | Call Option | Opening a short position | 3,301 | 0.33740079 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Call Option | Opening a short position | 9,886 | 0.54020028 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Call Option | Opening a short position | 31,415 | 0.34949992 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Call Option | Closing a short position | 23,585 | 4.02608989 GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Call Option | Opening a short position | 9,767 | 1.06719975GBP |
15/01/2026 | Rio Tinto PLC 10p Ordinary | Call Option | Closing a short position | 10,578 | 7.63792021GBP |
16/01/2026 | Rio Tinto PLC 10p Ordinary | Call Option | Opening a short position | 6,751
| 0.38079988 GBP |
(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
Date of Dealing | Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
16/01/2026 | Rio Tinto PLC 10p Ordinary | Call Option | Exercised against | 8,000 | 58 GBP |
(d) Other dealings (including subscribing for new securities)
Date of Dealing | Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Transfer in | 5350 shares | 33.96 GBP |
14/01/2026 | Rio Tinto PLC 10p Ordinary | Transfer in | 328 shares | 0 GBP |
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS 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: | Schroders PLC |
Name of offeror/offeree in relation to whose relevant securities the disclosure relates: | Rio Tinto Plc |
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 |
Rio Tinto PLC 10p Ordinary | 60 (A) CALL OPTION ON RIO TINTO PLC ORDINARY 10P (EXP 20/02/2026) | Written | 8,000 | 60 GBP | American | 20/02/2026 |
3. AGREEMENTS TO PURCHASE OR SELL ETC.
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 Supplemental Form (Open Positions) with regard to cash-settled derivatives.
The currency of all prices 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
Related Shares:
GlencoreRio TintoSchroders