28th Jan 2026 15:57
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: | 26 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 | 1,500 | 109.7920 ZAR | 109.7920 ZAR |
4,491,303 | 5.0580 GBP | 4.9888 GBP | ||
| Sale | 1,500 | 110.1600 ZAR | 109.0560 ZAR | |
5,030,588 | 5.0610 GBP | 4.9863 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 | 12,560 | 5.0095 GBP |
13,248 | 5.0182 GBP | |||
15,779 | 5.0208 GBP | |||
33,807 | 5.0287 GBP | |||
312 | 5.0482 GBP | |||
202 | 109.5719 ZAR | |||
6,034 | 109.6225 ZAR | |||
9,446 | 109.7165 ZAR | |||
11,931 | 109.7456 ZAR | |||
17,229 | 109.8842 ZAR | |||
7,415 | 110.0497 ZAR | |||
21,750 | 110.2718 ZAR | |||
15,679 | 110.4239 ZAR | |||
79,900 | 110.5144 ZAR | |||
Decrease Short | 705 | 5.0005 GBP | ||
4,529 | 5.0008 GBP | |||
3,159 | 5.0019 GBP | |||
2,955 | 5.0045 GBP | |||
450 | 5.0056 GBP | |||
2,330 | 5.0086 GBP | |||
15,800 | 5.0107 GBP | |||
6,746 | 5.0116 GBP | |||
11,233 | 5.0127 GBP | |||
11,253 | 5.0139 GBP | |||
2,724 | 5.0145 GBP | |||
69,200 | 5.0146 GBP | |||
451 | 5.0170 GBP | |||
227 | 5.0178 GBP | |||
268,658 | 5.0185 GBP | |||
371,777 | 5.0225 GBP | |||
327 | 5.0250 GBP | |||
10 | 5.0253 GBP | |||
758,890 | 5.0294 GBP | |||
231 | 5.0368 GBP | |||
44,466 | 5.0386 GBP | |||
2,400 | 5.0395 GBP | |||
13,491 | 5.0405 GBP | |||
15,087 | 5.0414 GBP | |||
1,000 | 109.3705 ZAR | |||
3,067 | 109.4698 ZAR | |||
5,751 | 109.4901 ZAR | |||
1,184 | 109.5938 ZAR | |||
3,368 | 109.6099 ZAR | |||
6,034 | 109.6225 ZAR | |||
171 | 109.9000 ZAR | |||
11,478 | 110.0817 ZAR | |||
33,883 | 110.0824 ZAR | |||
343 | 110.1650 ZAR | |||
1,187 | 110.2600 ZAR | |||
2,541 | 110.2684 ZAR | |||
2,228 | 110.2801 ZAR | |||
90,467 | 110.5000 ZAR | |||
469 | 110.5200 ZAR | |||
Increase Long | 2,035 | 4.9966 GBP | ||
13,614 | 5.0010 GBP | |||
8,627 | 5.0032 GBP | |||
110,606 | 5.0182 GBP | |||
23,023 | 5.0209 GBP | |||
5,903 | 5.0282 GBP | |||
3,879 | 5.0409 GBP | |||
2,479 | 110.0079 ZAR | |||
4,515 | 110.0242 ZAR | |||
355 | 110.0950 ZAR | |||
21,782 | 110.3127 ZAR | |||
7,060 | 110.3584 ZAR | |||
7,694 | 110.4742 ZAR | |||
Increase Short | 38,944 | 4.9974 GBP | ||
188,364 | 4.9985 GBP | |||
578 | 5.0012 GBP | |||
78,711 | 5.0054 GBP | |||
3,474 | 5.0059 GBP | |||
10 | 5.0065 GBP | |||
15,000 | 5.0116 GBP | |||
24,980 | 5.0121 GBP | |||
3,638 | 5.0139 GBP | |||
1,988 | 5.0154 GBP | |||
4,358 | 5.0162 GBP | |||
124,099 | 5.0178 GBP | |||
3,400 | 5.0198 GBP | |||
6,905 | 5.0258 GBP | |||
422,173 | 5.0261 GBP | |||
15,911 | 5.0346 GBP | |||
5,809 | 6.9159 ZAR | |||
3,630 | 6.9164 ZAR | |||
12,343 | 6.9219 ZAR | |||
1,012 | 109.6140 ZAR | |||
1,000 | 109.6594 ZAR | |||
468 | 109.8612 ZAR | |||
2,479 | 110.0079 ZAR | |||
1,498 | 110.1401 ZAR | |||
909 | 110.2360 ZAR | |||
628 | 110.3262 ZAR | |||
7,694 | 110.4742 ZAR | |||
Opening a long position | 1,000 | 109.6594 ZAR | ||
896 | 109.8841 ZAR | |||
1,022 | 110.0100 ZAR | |||
4,377 | 110.0549 ZAR | |||
1,120 | 110.1907 ZAR | |||
Opening a short position | 1,000 | 109.3705 ZAR | ||
355 | 110.0950 ZAR | |||
262 | 110.1308 ZAR | |||
373 | 110.2000 ZAR | |||
3,844 | 110.2497 ZAR | |||
880 | 110.3500 ZAR | |||
667 | 110.3770 ZAR | |||
1,034 | 110.8800 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
|
(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: | 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