28th Jan 2026 11:58
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the Code)
1. KEY INFORMATION
(a) Name of exempt principal trader: | UBS Investment Bank, London |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Glencore plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Rio Tinto plc |
(d) Date dealing undertaken: | 27 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 this offer? If it is a cash offer or possible cash offer, state "N/A" | YES
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2. DEALINGS 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 2(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 |
Ordinary NPV | Buy
| 5519127 | 5.05000 GBP | 4.06609 GBP |
Ordinary NPV | Sell
| 5312401
| 5.05000 GBP | 4.95381 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 |
Ordinary NPV | CFD
| Long | 579287 | 5.038 GBP |
Ordinary NPV | CFD
| Long | 38000 | 4.9590457138 GBP |
Ordinary NPV | CFD
| Long | 36220 | 4.9775382614 GBP |
Ordinary NPV | CFD
| Long | 32574 | 5.03737029 GBP |
Ordinary NPV | CFD
| Long | 112899 | 4.98756571 GBP |
Ordinary NPV | CFD
| Long | 500 | 4.973 GBP |
Ordinary NPV | CFD
| Long | 10 | 4.9855 GBP |
Ordinary NPV | CFD
| Long | 219 | 4.96995 GBP |
Ordinary NPV | CFD
| Long | 280792 | 109.74168666 ZAR |
Ordinary NPV | CFD
| Long | 9665 | 110.089 ZAR |
Ordinary NPV | CFD
| Long | 1063 | 109.8437 ZAR |
Ordinary NPV | CFD
| Long | 44339 | 109.50346332 ZAR |
Ordinary NPV | CFD
| Long | 46512 | 109.9806 ZAR |
Ordinary NPV | CFD
| Long | 25220 | 110.57 ZAR |
Ordinary NPV | CFD
| Long | 10357 | 109.33946413 ZAR |
Ordinary NPV | CFD
| Long | 4069 | 109.61830671 ZAR |
Ordinary NPV | CFD
| Long | 139497 | 5.026475 GBP |
Ordinary NPV | CFD
| Long | 20704 | 109.98219426 ZAR |
Ordinary NPV | CFD
| Long | 41636 | 4.971007 GBP |
Ordinary NPV | CFD
| Long | 1798 | 4.971 GBP |
Ordinary NPV | CFD
| Long | 11 | 5.015373 GBP |
Ordinary NPV | CFD
| Long | 3441 | 4.991267 GBP |
Ordinary NPV | CFD
| Long | 14956 | 4.980643 GBP |
Ordinary NPV | CFD
| Long | 2306 | 4.99597572 GBP |
Ordinary NPV | CFD
| Long | 966 | 4.977425 GBP |
Ordinary NPV | CFD
| Long | 400600 | 4.9762125810986 GBP |
Ordinary NPV | CFD
| Short | 280792 | 109.74168666 ZAR |
Ordinary NPV | CFD
| Short | 948 | 5.02107595 GBP |
Ordinary NPV | CFD
| Short | 2 | 4.97 GBP |
Ordinary NPV | CFD
| Short | 1 | 4.99 GBP |
Ordinary NPV | CFD
| Short | 143 | 4.96748251748252 GBP |
Ordinary NPV | CFD
| Short | 48 | 4.9675 GBP |
Ordinary NPV | CFD
| Short | 9665 | 110.089 ZAR |
Ordinary NPV | CFD
| Short | 1063 | 109.8437 ZAR |
Ordinary NPV | CFD
| Short | 10357 | 109.33946413 ZAR |
Ordinary NPV | CFD
| Short | 164268 | 6.89732373 USD |
Ordinary NPV | CFD
| Short | 29688 | 5.038 GBP |
Ordinary NPV | CFD
| Short | 8441 | 5.015865 GBP |
Ordinary NPV | CFD
| Short | 4069 | 109.61830671 ZAR |
Ordinary NPV | CFD
| Short | 9 | 4.96777777777778 GBP |
Ordinary NPV | CFD
| Short | 510 | 4.979 GBP |
Ordinary NPV | CFD
| Short | 500 | 4.9895 GBP |
Ordinary NPV | CFD
| Short | 395 | 4.96749367088608 GBP |
Ordinary NPV | CFD
| Short | 395 | 4.96631920126582 GBP |
Ordinary NPV | CFD
| Short | 1003 | 5.016254 GBP |
Ordinary NPV | CFD
| Short | 20704 | 109.98219426 ZAR |
Ordinary NPV | CFD
| Short | 18554 | 109.980607 ZAR |
Ordinary NPV | CFD
| Short | 27958 | 109.980592 ZAR |
Ordinary NPV | CFD
| Short | 372 | 5.01379962 GBP |
Ordinary NPV | CFD
| Short | 200336 | 5.03840304 GBP |
Ordinary NPV | CFD
| Short | 616158 | 4.99432344 GBP |
Ordinary NPV | CFD
| Short | 129 | 5.0139996 GBP |
Ordinary NPV | CFD
| Short | 44339 | 109.50346332 ZAR |
Ordinary NPV | CFD
| Short | 25220 | 110.57 ZAR |
Ordinary NPV | CFD
| Short | 1763 | 4.96115 GBP |
Ordinary NPV | CFD
| Short | 9191 | 5.009939 GBP |
Ordinary NPV | CFD
| Short | 4291 | 4.954941 GBP |
Ordinary NPV | CFD
| Short | 17792 | 4.982771 GBP |
Ordinary NPV | CFD
| Short | 2103 | 5.009325 GBP |
Ordinary NPV | CFD
| Short | 1765 | 4.955223 GBP |
Ordinary NPV | CFD
| Short | 22 | 4.96772727272727 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
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(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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3. 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 |
| Date of disclosure: | 28 January 2026 |
| Contact name: | Richard Howard |
| Telephone number: | +44 (0)207 568 9128 |
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 dealing 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:
Glencore