4th Feb 2026 12:01
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: | UBS Investment Bank, London |
(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: | Rio Tinto plc |
(d) Date dealing undertaken: | 03 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
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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 | Buy
| 10860854 | 5.17404 GBP | 3.65480 GBP |
Ordinary NPV | Sell
| 6005628 | 5.17364 GBP | 4.09539 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 | CFD
| Long | 268 | 5.066 GBP |
Ordinary NPV | CFD
| Long | 1140 | 5.085 GBP |
Ordinary NPV | CFD
| Long | 149752 | 5.1161 GBP |
Ordinary NPV | CFD
| Long | 250000 | 5.152223 GBP |
Ordinary NPV | CFD
| Long | 932645 | 5.151539 GBP |
Ordinary NPV | CFD
| Long | 25226 | 5.151538 GBP |
Ordinary NPV | CFD
| Long | 14392 | 111.15308018 ZAR |
Ordinary NPV | CFD
| Long | 171590 | 111.0940866 ZAR |
Ordinary NPV | CFD
| Long | 250000 | 5.152536 GBP |
Ordinary NPV | CFD
| Long | 47117 | 111.2142 ZAR |
Ordinary NPV | CFD
| Long | 1740 | 111.5767 ZAR |
Ordinary NPV | CFD
| Long | 711 | 5.051 GBP |
Ordinary NPV | CFD
| Long | 2013 | 5.063 GBP |
Ordinary NPV | CFD
| Long | 102520 | 5.09764777 GBP |
Ordinary NPV | CFD
| Long | 2832 | 111.166862 ZAR |
Ordinary NPV | CFD
| Long | 255 | 5.061 GBP |
Ordinary NPV | CFD
| Long | 773 | 5.064 GBP |
Ordinary NPV | CFD
| Long | 3574 | 5.091 GBP |
Ordinary NPV | CFD
| Long | 2006 | 5.09081363639083 GBP |
Ordinary NPV | CFD
| Long | 200 | 5.05 GBP |
Ordinary NPV | CFD
| Long | 227 | 5.07 GBP |
Ordinary NPV | CFD
| Long | 3415 | 111.12795315 ZAR |
Ordinary NPV | CFD
| Long | 2583 | 5.081669 GBP |
Ordinary NPV | CFD
| Long | 633 | 5.074924 GBP |
Ordinary NPV | CFD
| Long | 439 | 5.05343964 GBP |
Ordinary NPV | CFD
| Long | 174018 | 5.17196537139836 GBP |
Ordinary NPV | CFD
| Long | 1834 | 5.123 GBP |
Ordinary NPV | CFD
| Long | 110201 | 111.34409697 ZAR |
Ordinary NPV | CFD
| Long | 288476 | 5.088818 GBP |
Ordinary NPV | CFD
| Long | 1054 | 5.055 GBP |
Ordinary NPV | CFD
| Long | 2911 | 5.060213 GBP |
Ordinary NPV | CFD
| Long | 230 | 5.059 GBP |
Ordinary NPV | CFD
| Long | 12796 | 5.091044 GBP |
Ordinary NPV | CFD
| Long | 279700 | 5.12283035397569 GBP |
Ordinary NPV | CFD
| Long | 1120 | 5.111 GBP |
Ordinary NPV | CFD
| Long | 54543 | 5.112756 GBP |
Ordinary NPV | CFD
| Long | 100000 | 5.145759 GBP |
Ordinary NPV | CFD
| Long | 1745 | 5.1109 GBP |
Ordinary NPV | CFD
| Long | 5084 | 5.073 GBP |
Ordinary NPV | CFD
| Long | 223 | 5.065 GBP |
Ordinary NPV | CFD
| Long | 5151 | 5.054 GBP |
Ordinary NPV | CFD
| Short | 2653188 | 5.10112202 GBP |
Ordinary NPV | CFD
| Short | 167 | 5.13179982 GBP |
Ordinary NPV | CFD
| Short | 641802 | 5.0779062 GBP |
Ordinary NPV | CFD
| Short | 2619484 | 5.173 GBP |
Ordinary NPV | CFD
| Short | 20345 | 5.08726545 GBP |
Ordinary NPV | CFD
| Short | 118880 | 5.11006418 GBP |
Ordinary NPV | CFD
| Short | 110201 | 111.34409697 ZAR |
Ordinary NPV | CFD
| Short | 3415 | 111.12795315 ZAR |
Ordinary NPV | CFD
| Short | 365515 | 5.17320692 GBP |
Ordinary NPV | CFD
| Short | 524 | 5.07549962824427 GBP |
Ordinary NPV | CFD
| Short | 100000 | 5.145312 GBP |
Ordinary NPV | CFD
| Short | 14392 | 111.15308018 ZAR |
Ordinary NPV | CFD
| Short | 250000 | 5.165314 GBP |
Ordinary NPV | CFD
| Short | 217156 | 7.00934074 USD |
Ordinary NPV | CFD
| Short | 2832 | 111.1669 ZAR |
Ordinary NPV | CFD
| Short | 72651 | 5.17403449367524 GBP |
Ordinary NPV | CFD
| Short | 8202 | 5.17299986 GBP |
Ordinary NPV | CFD
| Short | 284515 | 5.1100642 GBP |
Ordinary NPV | CFD
| Short | 228 | 5.055051 GBP |
Ordinary NPV | CFD
| Short | 6314 | 5.134514 GBP |
Ordinary NPV | CFD
| Short | 47117 | 111.2142 ZAR |
Ordinary NPV | CFD
| Short | 171590 | 111.0940866 ZAR |
Ordinary NPV | CFD
| Short | 1740 | 111.576749 ZAR |
Ordinary NPV | CFD
| Short | 54121 | 5.108059 GBP |
Ordinary NPV | CFD
| Short | 674 | 5.14931751 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 |
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(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 |
| Date of disclosure: | 04 February 2026 |
| Contact name: | Richard Howard |
| Telephone number: | +44 (0)207 568 9128 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]
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