3rd Feb 2026 11:24
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: | 02 February 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 | 11,223,794 | 5.0102 GBP | 4.7104 GBP |
| Sale | 10,377,019 | 5.0195 GBP | 4.7570 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 | 76,276 | 4.8597 GBP |
64,713 | 4.8688 GBP | |||
14,370 | 4.9322 GBP | |||
7,115 | 4.9433 GBP | |||
66,898 | 4.9611 GBP | |||
9,950 | 4.9902 GBP | |||
650,437 | 4.9932 GBP | |||
54,162 | 4.9972 GBP | |||
400 | 4.9988 GBP | |||
259,104 | 5.0070 GBP | |||
189,320 | 5.0100 GBP | |||
1,102 | 5.0102 GBP | |||
155,849 | 105.5516 ZAR | |||
817 | 105.7047 ZAR | |||
29,194 | 108.0301 ZAR | |||
18,269 | 108.1576 ZAR | |||
13,328 | 109.2880 ZAR | |||
Decrease Short | 5,000 | 4.8174 GBP | ||
329 | 4.8177 GBP | |||
11,570 | 4.8333 GBP | |||
1,596 | 4.8673 GBP | |||
18,223 | 4.8736 GBP | |||
6,384 | 4.8928 GBP | |||
2,198 | 4.9158 GBP | |||
5 | 4.9235 GBP | |||
64,493 | 4.9270 GBP | |||
14,282 | 4.9352 GBP | |||
11,600 | 4.9651 GBP | |||
13,103 | 4.9654 GBP | |||
37,692 | 4.9806 GBP | |||
6,450 | 4.9872 GBP | |||
318 | 4.9940 GBP | |||
14,395 | 5.0012 GBP | |||
6,179 | 5.0022 GBP | |||
5,337 | 5.0039 GBP | |||
2,394 | 5.0095 GBP | |||
4,395 | 5.0096 GBP | |||
4,679 | 5.0098 GBP | |||
1,441,953 | 5.0100 GBP | |||
10,890 | 103.7161 ZAR | |||
335 | 104.7600 ZAR | |||
79,124 | 105.0515 ZAR | |||
55,950 | 105.9261 ZAR | |||
347 | 106.1000 ZAR | |||
135 | 106.9500 ZAR | |||
29,194 | 108.0301 ZAR | |||
968 | 108.1486 ZAR | |||
18,269 | 108.1576 ZAR | |||
3,651 | 108.2552 ZAR | |||
13,328 | 109.2880 ZAR | |||
5,266 | 109.9058 ZAR | |||
Increase Long | 9,286 | 4.8180 GBP | ||
9,281 | 4.8523 GBP | |||
57 | 4.8579 GBP | |||
31,620 | 4.9212 GBP | |||
183,065 | 4.9440 GBP | |||
60,469 | 4.9463 GBP | |||
12,461 | 4.9474 GBP | |||
11,963 | 4.9758 GBP | |||
205,775 | 5.0013 GBP | |||
15,133 | 108.5239 ZAR | |||
6,302 | 109.4258 ZAR | |||
10,645 | 109.5437 ZAR | |||
2 | 109.8600 ZAR | |||
Increase Short | 55,549 | 4.7104 GBP | ||
93,252 | 4.7649 GBP | |||
18,652 | 4.8078 GBP | |||
250,000 | 4.8193 GBP | |||
74,596 | 4.8265 GBP | |||
474,664 | 4.8286 GBP | |||
130,948 | 4.8296 GBP | |||
11,908 | 4.8453 GBP | |||
250,000 | 4.8595 GBP | |||
15,370 | 4.9060 GBP | |||
1,140 | 4.9227 GBP | |||
62,631 | 4.9324 GBP | |||
4,477 | 4.9434 GBP | |||
2,500 | 4.9461 GBP | |||
375,748 | 4.9495 GBP | |||
79 | 4.9860 GBP | |||
25,087 | 4.9909 GBP | |||
19,701 | 5.0033 GBP | |||
41,669 | 5.0035 GBP | |||
33,218 | 5.0053 GBP | |||
4,850 | 5.0102 GBP | |||
15,133 | 108.5239 ZAR | |||
6,919 | 109.4400 ZAR | |||
2,432 | 109.4744 ZAR | |||
2,565 | 109.4877 ZAR | |||
1,775 | 109.5656 ZAR | |||
2,584 | 109.6428 ZAR | |||
672 | 109.6650 ZAR | |||
Opening a short position | 2 | 109.8600 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