3rd Feb 2026 16:51
AMENDMENT
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: | J.P. Morgan Securities Plc |
(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: | Corporate Broker to Rio Tinto plc and Rio Tinto Limited |
(d) Date dealing undertaken: | 30 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, Rio Tinto plc and Limited |
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 | Purchase | 14,251 | 109.5508 ZAR | 108.7266 ZAR |
11,405,218 | 5.0290 GBP | 3.9636 GBP | ||
| Sale | 14,251 | 110.6500 ZAR | 107.6000 ZAR | |
9,207,273 | 5.0400 GBP | 4.8799 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 | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a long position
Opening a short position | 239,551 17,881 120,211 8,552 184,457 189,180 11,836 206,440 688,772 5,103 9,942 195 316 23,490 31,893 18,523 12,663 31,901 12,876 35
104,310 3,997 9,257 102 11,054 16 1,836 58,425 439,480 38,286 126 345 27,715 155,000 53,600 3,091 185,215 25,410 429 83,218 13,882 131,378 2,189 14,417 13,404 1,977,983 2,703 140 171,845 22,007 12,663 50,935 9,048 12,876 18 17 838
21,451 30,592 37,876 4,425 590 6,391 158,170 844,335 3,371 4,571 23,490 14,534 780 8,987 153,463 163
38,569 151,439 810 21,136 190,012 1,836 15,690 5,800 1,039 82,901 1,900 68,861 824 3,179 20,516 576 20,041 4,833 57,253 26,445 2,762,710 1,717 117,836 80 780 117,292 806 1,778 14,534 8,987 1,947 287 148,645 161 2
3,896 17,387 4,990 536 1,113
500,000 250,000 250,000 21,300 843 536 1,347 | 4.9177 GBP 4.9193 GBP 4.9449 GBP 4.9524 GBP 4.9618 GBP 4.9748 GBP 4.9751 GBP 4.9882 GBP 4.9925 GBP 4.9933 GBP 5.0001 GBP 107.7163 ZAR 107.7665 ZAR 107.9677 ZAR 108.6254 ZAR 108.6427 ZAR 109.1190 ZAR 109.7983 ZAR 109.9147 ZAR 110.1637 ZAR
4.8799 GBP 4.9157 GBP 4.9176 GBP 4.9265 GBP 4.9281 GBP 4.9414 GBP 4.9429 GBP 4.9479 GBP 4.9562 GBP 4.9746 GBP 4.9750 GBP 4.9759 GBP 4.9760 GBP 4.9780 GBP 4.9785 GBP 4.9812 GBP 4.9840 GBP 4.9845 GBP 4.9863 GBP 4.9885 GBP 4.9913 GBP 4.9920 GBP 4.9921 GBP 4.9923 GBP 4.9924 GBP 4.9925 GBP 5.0024 GBP 5.0183 GBP 5.0325 GBP 107.9739 ZAR 109.1190 ZAR 109.3575 ZAR 109.8301 ZAR 109.9147 ZAR 109.9500 ZAR 110.3900 ZAR 111.9000 ZAR
4.9204 GBP 4.9624 GBP 4.9692 GBP 4.9706 GBP 4.9814 GBP 4.9841 GBP 4.9897 GBP 4.9925 GBP 4.9955 GBP 5.0036 GBP 107.9641 ZAR 108.6091 ZAR 108.9603 ZAR 109.0722 ZAR 109.8973 ZAR 109.9526 ZAR
4.9221 GBP 4.9300 GBP 4.9342 GBP 4.9416 GBP 4.9425 GBP 4.9431 GBP 4.9546 GBP 4.9631 GBP 4.9666 GBP 4.9714 GBP 4.9723 GBP 4.9727 GBP 4.9730 GBP 4.9782 GBP 4.9793 GBP 4.9803 GBP 4.9816 GBP 4.9864 GBP 4.9889 GBP 4.9895 GBP 4.9925 GBP 4.9927 GBP 5.0002 GBP 5.0115 GBP 6.8198 ZAR 6.8272 GBP 107.4804 ZAR 108.4950 ZAR 108.6091 ZAR 109.0722 ZAR 109.5741 ZAR 109.6567 ZAR 109.9467 ZAR 109.9500 ZAR 110.1600 ZAR
4.9776 GBP 107.7577 ZAR 108.2384 ZAR 109.8944 ZAR 110.0121 ZAR
4.9150 GBP 4.9940 GBP 4.9985 GBP 107.7634 ZAR 108.5218 ZAR 109.8944 ZAR 110.8073 ZAR |
(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) |
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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
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| Date of disclosure: | 03 February 2026 |
| Contact name: | Hetvi Shah |
| Telephone number: | 44 2034 936359 |
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 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