21st Jan 2026 13:47
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: | 14 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 | 1,000 | 103.0000 ZAR | 103.0000 ZAR |
20,733,142 | 4.8493 GBP | 3.1481 GBP | ||
1,000 | 5.5980 EUR | 5.5980 EUR | ||
| Sale | 7,421,689 | 106.2885 ZAR | 101.4200 ZAR | |
15,482,076 | 4.8535 GBP | 4.7594 GBP | ||
1,000 | 5.5980 EUR | 5.5980 EUR |
(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 | 23,221 | 4.7848 GBP |
3,326 | 4.8042 GBP | |||
33,800 | 4.8157 GBP | |||
2,611 | 4.8173 GBP | |||
2,338 | 4.8221 GBP | |||
2,282 | 4.8289 GBP | |||
220,515 | 4.8420 GBP | |||
120,993 | 4.8435 GBP | |||
53,745 | 6.4842 GBP | |||
1,013 | 105.4864 ZAR | |||
8,029 | 105.9642 ZAR | |||
98,016 | 106.2940 ZAR | |||
365 | 106.6800 ZAR | |||
740 | 106.8159 ZAR | |||
32,216 | 106.9739 ZAR | |||
Decrease Short | 25,429 | 4.7808 GBP | ||
16 | 4.7954 GBP | |||
3,785 | 4.8027 GBP | |||
988,960 | 4.8033 GBP | |||
117,320 | 4.8128 GBP | |||
17,608 | 4.8212 GBP | |||
43,300 | 4.8221 GBP | |||
13,744 | 4.8227 GBP | |||
21,300 | 4.8234 GBP | |||
109,900 | 4.8280 GBP | |||
265,065 | 4.8301 GBP | |||
13,492 | 4.8331 GBP | |||
50,502 | 4.8359 GBP | |||
8,557 | 4.8364 GBP | |||
2,268 | 4.8368 GBP | |||
341 | 4.8390 GBP | |||
2,765 | 4.8394 GBP | |||
7,641 | 4.8396 GBP | |||
58,413 | 4.8404 GBP | |||
6,391 | 4.8411 GBP | |||
37,103 | 4.8418 GBP | |||
1,659 | 4.8428 GBP | |||
1,229 | 4.8482 GBP | |||
2,462 | 103.6781 ZAR | |||
6,018 | 105.3483 ZAR | |||
1,013 | 105.4864 ZAR | |||
820 | 105.5500 ZAR | |||
18,025 | 105.6308 ZAR | |||
55,303 | 105.7021 ZAR | |||
6,299 | 106.0112 ZAR | |||
2,252 | 106.2131 ZAR | |||
1,117 | 106.2159 ZAR | |||
1,640 | 106.3944 ZAR | |||
20,765 | 106.4432 ZAR | |||
1,010 | 106.5400 ZAR | |||
870 | 106.6100 ZAR | |||
980 | 106.6200 ZAR | |||
6,194 | 106.7360 ZAR | |||
5,826 | 106.7615 ZAR | |||
30,175 | 106.8703 ZAR | |||
32,216 | 106.9600 ZAR | |||
Increase Long | 166,000 | 4.7719 GBP | ||
931,553 | 4.7834 GBP | |||
152,931 | 4.7909 GBP | |||
54,093 | 4.8034 GBP | |||
250,000 | 4.8050 GBP | |||
49,103 | 4.8090 GBP | |||
25,130 | 4.8298 GBP | |||
262 | 4.8334 GBP | |||
38,087 | 4.8402 GBP | |||
183,049 | 4.8420 GBP | |||
105,000 | 4.8431 GBP | |||
8,204 | 105.7361 ZAR | |||
4,359 | 105.8913 ZAR | |||
62,341 | 106.0288 ZAR | |||
13,860 | 106.2257 ZAR | |||
4,257 | 106.9282 ZAR | |||
Increase Short | 6,433 | 4.7868 GBP | ||
24,154 | 4.7986 GBP | |||
34,915 | 4.8017 GBP | |||
26,638 | 4.8088 GBP | |||
4,547 | 4.8128 GBP | |||
184,433 | 4.8146 GBP | |||
843 | 4.8150 GBP | |||
794 | 4.8239 GBP | |||
55,030 | 4.8275 GBP | |||
791 | 4.8392 GBP | |||
13,697 | 4.8394 GBP | |||
277,159 | 4.8399 GBP | |||
199,458 | 4.8420 GBP | |||
1,887 | 4.8422 GBP | |||
801 | 4.8425 GBP | |||
459 | 4.8475 GBP | |||
594 | 4.8497 GBP | |||
5,082 | 104.6382 ZAR | |||
5,816 | 104.6625 ZAR | |||
22,739 | 105.2107 ZAR | |||
10,684 | 105.5040 ZAR | |||
13,277 | 105.5241 ZAR | |||
1,740 | 105.5939 ZAR | |||
4,359 | 105.8913 ZAR | |||
2,397 | 105.9978 ZAR | |||
1,820 | 106.0079 ZAR | |||
6,735 | 106.0446 ZAR | |||
3,381 | 106.2655 ZAR | |||
5,318 | 106.3391 ZAR | |||
6,437 | 106.3443 ZAR | |||
7,507 | 106.6662 ZAR | |||
25,748 | 106.7344 ZAR | |||
2,801 | 106.8090 ZAR | |||
1,203 | 106.8342 ZAR | |||
1,396 | 106.9556 ZAR | |||
Opening a long position | 53,183 | 106.7026 ZAR | ||
1,693 | 106.7051 ZAR | |||
Opening a short position | 33,974 | 4.8420 GBP | ||
53,183 | 106.7026 ZAR | |||
1,693 | 106.7051 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: | 21 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