4th Feb 2026 17:56
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: | 12 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 Rio Tinto 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 | 91,199 | 102.9613 ZAR | 100.9000 ZAR |
19,781,097 | 4.6875 GBP | 3.4370 GBP | ||
| Sale | 741,199 | 103.0950 ZAR | 93.6000 ZAR | |
18,883,374 | 4.6850 GBP | 3.3345 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 | 11,882 | 4.5797 GBP |
72,984 | 4.5914 GBP | |||
36,315 | 4.6069 GBP | |||
3,773 | 4.6076 GBP | |||
217,139 | 4.6102 GBP | |||
57,822 | 4.6145 GBP | |||
804 | 4.6470 GBP | |||
918,619 | 4.6494 GBP | |||
38,005 | 4.6514 GBP | |||
1,829 | 4.6537 GBP | |||
379 | 4.6539 GBP | |||
1,369 | 4.6621 GBP | |||
770 | 4.6739 GBP | |||
269 | 4.6743 GBP | |||
1,281 | 4.6802 GBP | |||
387,110 | 4.6850 GBP | |||
83,209 | 6.2546 GBP | |||
26,573 | 102.0107 ZAR | |||
4,709 | 102.1934 ZAR | |||
7,247 | 102.8977 ZAR | |||
9,499 | 103.3484 ZAR | |||
448 | 103.6954 ZAR | |||
1,919 | 103.8100 ZAR | |||
Decrease Short | 1,573 | 4.5799 GBP | ||
1,294 | 4.5852 GBP | |||
1,299 | 4.6025 GBP | |||
9,791 | 4.6079 GBP | |||
1,363 | 4.6346 GBP | |||
261,633 | 4.6393 GBP | |||
8,680 | 4.6409 GBP | |||
16,376 | 4.6429 GBP | |||
149,700 | 4.6442 GBP | |||
399,531 | 4.6454 GBP | |||
545,460 | 4.6458 GBP | |||
834,957 | 4.6498 GBP | |||
216,721 | 4.6558 GBP | |||
10,819 | 4.6581 GBP | |||
50,882 | 4.6629 GBP | |||
8,411 | 4.6659 GBP | |||
86,390 | 4.6689 GBP | |||
127,999 | 4.6747 GBP | |||
25,855 | 4.6784 GBP | |||
25,699 | 4.6792 GBP | |||
143,000 | 4.6802 GBP | |||
732 | 4.6805 GBP | |||
326,164 | 4.6807 GBP | |||
134,400 | 4.6813 GBP | |||
13,492 | 4.6822 GBP | |||
168,456 | 4.6823 GBP | |||
198,105 | 4.6827 GBP | |||
2,765 | 4.6845 GBP | |||
431 | 4.6848 GBP | |||
565,312 | 4.6849 GBP | |||
7,424 | 100.5659 ZAR | |||
8,632 | 101.3221 ZAR | |||
4,709 | 102.1935 ZAR | |||
17,941 | 102.3421 ZAR | |||
1 | 102.4250 ZAR | |||
1 | 102.4352 ZAR | |||
81,493 | 102.5399 ZAR | |||
31 | 102.6600 ZAR | |||
6,201 | 102.8891 ZAR | |||
1,046 | 102.9485 ZAR | |||
20 | 103.0950 ZAR | |||
9,499 | 103.3484 ZAR | |||
2,315 | 103.8100 ZAR | |||
Increase Long | 162,152 | 4.5742 GBP | ||
57,857 | 4.5955 GBP | |||
14,969 | 4.6052 GBP | |||
9,018 | 4.6183 GBP | |||
42,987 | 4.6316 GBP | |||
166,000 | 4.6491 GBP | |||
64,406 | 4.6573 GBP | |||
892,199 | 4.6805 GBP | |||
341,583 | 4.6837 GBP | |||
2,249 | 4.6850 GBP | |||
8,075 | 101.8099 ZAR | |||
5,850 | 101.8524 ZAR | |||
482 | 102.2100 ZAR | |||
2,343 | 102.3475 ZAR | |||
1 | 103.5165 ZAR | |||
Increase Short | 61,697 | 4.5805 GBP | ||
7,537 | 4.5814 GBP | |||
4,013,503 | 4.6140 GBP | |||
8,676 | 4.6189 GBP | |||
12,507 | 4.6328 GBP | |||
91,081 | 4.6567 GBP | |||
5,397 | 4.6676 GBP | |||
732 | 4.6687 GBP | |||
486,346 | 4.6698 GBP | |||
1,915 | 4.6795 GBP | |||
5,453 | 4.6803 GBP | |||
5,877 | 4.6835 GBP | |||
15,417 | 4.6844 GBP | |||
73,964 | 4.6848 GBP | |||
7,424 | 100.5860 ZAR | |||
4,284 | 101.7284 ZAR | |||
3,113 | 101.7462 ZAR | |||
8,075 | 101.8099 ZAR | |||
10,057 | 101.8190 ZAR | |||
1,561 | 101.8894 ZAR | |||
1,176 | 102.0895 ZAR | |||
4,043 | 102.1321 ZAR | |||
482 | 102.2100 ZAR | |||
2,343 | 102.3475 ZAR | |||
24,269 | 102.4220 ZAR | |||
1 | 102.4352 ZAR | |||
31,404 | 102.9645 ZAR | |||
7,436 | 103.0209 ZAR | |||
1 | 103.5300 ZAR | |||
Opening a short position | 310,007 | 4.6451 GBP | ||
95,248 | 4.6628 GBP | |||
84,324 | 4.6694 GBP | |||
41,438 | 4.6864 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 |
(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: | 04 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