22nd Jan 2026 16:44
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: | 16 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 | 64 | 108.9800 ZAR | 105.1800 ZAR |
7,189,658 | 4.8840 GBP | 3.9636 GBP | ||
| Sale | 64 | 105.2394 ZAR | 105.2394 ZAR | |
8,273,827 | 4.8805 GBP | 4.7580 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
| 65,436 487,420 9,003 88,066 25,901 1,052 1,954 3,267 31,264 16,331 5,881 263 3,725 9,605 11,065
2,765 11,210 324,365 128,900 25,834 312 5,308 24,223 509,725 416 196,999 10,209 11,993 12,984 5,853 138,735 27,910 54,600 17,091 2,230 8,153 153,982 218,454 34,013 1,825 358 5,881 263 450 3,956 1,346 1,972 69 11,065 104 3,250
2,216 3,159 52,985 54,962 27,896 43,105 325 644,407 32,691 4,825 2,362 8,426 20,976 840
1,414 2,492 833 4,461 196,053 1,385 27,639 1,087 1,502 6,746 682 10,468 77,038 5,877 6,746 13,560 318 323,606 2,617 1,296 7,092 1,846 13,491 6,746 386,036 1,051 31,015 1,171 1,514 306 3,187 15,139 2,362 8,426 162 840 161 4,786
109,794
| 4.7860 GBP 4.7880 GBP 4.8056 GBP 4.8110 GBP 4.8122 GBP 4.8155 GBP 4.8166 GBP 4.8182 GBP 4.8325 GBP 4.8382 GBP 105.4262 ZAR 105.4500 ZAR 105.5817 ZAR 105.8733 ZAR 106.0290 ZAR
4.7724 GBP 4.7803 GBP 4.7851 GBP 4.7856 GBP 4.7857 GBP 4.7858 GBP 4.7859 GBP 4.7861 GBP 4.7866 GBP 4.7876 GBP 4.7878 GBP 4.7936 GBP 4.7986 GBP 4.7993 GBP 4.7996 GBP 4.8007 GBP 4.8039 GBP 4.8044 GBP 4.8103 GBP 4.8159 GBP 4.8179 GBP 4.8236 GBP 4.8259 GBP 4.8371 GBP 105.4009 ZAR 105.4106 ZAR 105.4262 ZAR 105.4500 ZAR 105.4900 ZAR 105.5277 ZAR 105.8115 ZAR 105.8130 ZAR 105.9800 ZAR 106.0290 ZAR 106.1000 ZAR 106.3168 ZAR
4.7767 GBP 4.7791 GBP 4.7860 GBP 4.7991 GBP 4.8095 GBP 4.8131 GBP 4.8144 GBP 4.8360 GBP 105.3908 ZAR 105.5329 ZAR 105.7765 ZAR 105.9046 ZAR 105.9343 ZAR 106.0291 ZAR
4.7779 GBP 4.7808 GBP 4.7809 GBP 4.7840 GBP 4.7841 GBP 4.7852 GBP 4.7859 GBP 4.7862 GBP 4.7865 GBP 4.7874 GBP 4.7883 GBP 4.7927 GBP 4.7930 GBP 4.7997 GBP 4.8051 GBP 4.8062 GBP 4.8162 GBP 4.8185 GBP 4.8207 GBP 4.8236 GBP 4.8339 GBP 4.8447 GBP 4.8475 GBP 4.8478 GBP 4.8484 GBP 105.2800 ZAR 105.3985 ZAR 105.4000 ZAR 105.4729 ZAR 105.5150 ZAR 105.5557 ZAR 105.7504 ZAR 105.7765 ZAR 105.9046 ZAR 105.9100 ZAR 106.0291 ZAR 106.0800 ZAR 106.7526 ZAR
6.4353 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 |
Ordinary NPV
| Accumulator
Accumulator | Purchasing
Purchasing | 1921.372
1921.372 | 5.63 GBP
5.52 GBP | American
American | 18/1/2027
18/1/2027 | 2.52 GBP
2.52 GBP
|
(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) |
|
|
|
|
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: | 22 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