14th Jan 2026 11:56
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: | J.P. Morgan Securities LLC |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Rio Tinto plc and Rio Tinto Limited |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Rio Tinto plc and Rio Tinto Limited |
(d) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure | 13 January 2026 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" | Yes, Glencore plc |
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:
| 10p ordinary | |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 1,348,525 | 0.11 | 1,269,693 | 0.10 |
(2) Cash-settled derivatives:
| 59,063 | 0.00 | 6,256,233 | 0.50 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 225,262 | 0.02 | 50,062 | 0.00 |
TOTAL: | 1,632,850 | 0.13 | 7,575,988 | 0.60 |
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: |
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Details, including nature of the rights concerned and relevant percentages: |
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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 |
10p ordinary | Purchase | 255,517 | 84.0400 USD | 75.4757 USD |
| Sale | 205,187 | 84.0800 USD | 82.8800 USD |
(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
|
10p ordinary | Equity Swap | Increase Long
Decrease Long | 1,740 10
529 2,228 180 | 83.7921 USD 83.8100 USD
83.7878 USD 83.7853 USD 83.9950 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(USD) | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii)
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) |
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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
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(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
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(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? | Yes |
| Date of disclosure: | 14 January 2026 |
| Contact name: | Hetvi Shah |
| Telephone number: | 44 2034 936359 |
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: | J.P. Morgan Securities LLC |
Name of offeror/offeree in relation to whose relevant securities the disclosure relates: | Rio Tinto plc and Rio Tinto Limited |
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(USD) | Type e.g. American, European etc. | Expiry date |
10p ordinary | Put Option Call Option Put Option Put Option Put Option Call Option Call Option Put Option Put Option Put Option Call Option Put Option Call Option Call Option Call Option Call Option Call Option Call Option Call Option Put Option Put Option | Purchased Purchased Written Written Purchased Written Purchased Written Written Written Purchased Purchased Written Purchased Purchased Purchased Purchased Purchased Purchased Purchased Purchased | 9,300 35,000 200,000 10,000 500 400 162,500 35,000 50,000 500 50,000 300 2,062 474 2,606 1,172 168 1,588 1,511 200,000 8,044 | 50 GBP 100 GBP 60 GBP 57.5 GBP 55 GBP 65 GBP 70 GBP 75 GBP 65 GBP 70 GBP 80 GBP 67.5 GBP 0.8197 USD 1.1292 USD 1.1778 USD 1.1264 USD 1.2248 USD 1.1438 USD 1.1373 USD N/A 62.1585 USD | American American American American American American American American American American American American American American American American American American American American American | 16/01/2026 15/01/2027 18/06/2026 16/01/2026 18/06/2026 16/01/2026 16/01/2026 15/01/2027 16/01/2026 18/06/2026 20/03/2026 16/01/2026 09/06/2027 06/10/2026 10/04/2026 29/09/2026 15/10/2027 27/04/2026 04/11/2026 29/07/2026 25/03/2026 |
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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: |
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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.org.uk.
Related Shares:
Rio Tinto