15th Jan 2026 15:16
This announcement replaces the previous RNS announcement 9057O released at 11:55 on the 14th of January 2026. Amendments to section 2a. All other information remains unchanged.
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: | 12 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 : |
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
| 13891562 | 103.81000 ZAR | 4.22800 GBP |
Ordinary NPV | Sell
| 22245355 | 103.81000 ZAR | 3.665148 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 | 33114 | 4.64675301802863 GBP |
Ordinary NPV | CFD
| Long | 517 | 4.66249516441006 GBP |
Ordinary NPV | CFD
| Long | 120 | 4.613 GBP |
Ordinary NPV | CFD
| Long | 1343 | 4.6625018615041 GBP |
Ordinary NPV | CFD
| Long | 99870 | 4.6498 GBP |
Ordinary NPV | CFD
| Long | 695 | 4.649736 GBP |
Ordinary NPV | CFD
| Long | 18627 | 4.68406345627315 GBP |
Ordinary NPV | CFD
| Long | 423 | 4.68406619385343 GBP |
Ordinary NPV | CFD
| Long | 136736 | 103.1174 ZAR |
Ordinary NPV | CFD
| Long | 1 | 102.4352 ZAR |
Ordinary NPV | CFD
| Long | 67125 | 102.79418637 ZAR |
Ordinary NPV | CFD
| Long | 5542 | 102.43311711 ZAR |
Ordinary NPV | CFD
| Long | 66729 | 103.2481 ZAR |
Ordinary NPV | CFD
| Long | 337 | 102.3042 ZAR |
Ordinary NPV | CFD
| Long | 10667 | 102.916057 ZAR |
Ordinary NPV | CFD
| Long | 219198 | 4.650684 GBP |
Ordinary NPV | CFD
| Long | 3083 | 4.66170017 GBP |
Ordinary NPV | CFD
| Long | 2248185 | 4.63928726 GBP |
Ordinary NPV | CFD
| Long | 1016 | 4.66160016 GBP |
Ordinary NPV | CFD
| Long | 325837 | 101.9945358 ZAR |
Ordinary NPV | CFD
| Long | 6706 | 4.6675 GBP |
Ordinary NPV | CFD
| Long | 2502 | 4.6595 GBP |
Ordinary NPV | CFD
| Long | 2283 | 4.684 GBP |
Ordinary NPV | CFD
| Long | 7667 | 4.6845 GBP |
Ordinary NPV | CFD
| Long | 61365 | 4.671226 GBP |
Ordinary NPV | CFD
| Long | 10602 | 4.647331 GBP |
Ordinary NPV | CFD
| Long | 5655 | 4.585179 GBP |
Ordinary NPV | CFD
| Long | 23320 | 4.63095 GBP |
Ordinary NPV | CFD
| Long | 7858 | 4.67068 GBP |
Ordinary NPV | CFD
| Long | 995 | 4.61949749 GBP |
Ordinary NPV | CFD
| Long | 601 | 4.608435 GBP |
Ordinary NPV | CFD
| Long | 11917 | 4.6443479 GBP |
Ordinary NPV | CFD
| Long | 52734 | 4.650685 GBP |
Ordinary NPV | CFD
| Long | 229 | 4.66248908296943 GBP |
Ordinary NPV | CFD
| Long | 34 | 4.61294117647059 GBP |
Ordinary NPV | CFD
| Long | 1297 | 4.66249807247494 GBP |
Ordinary NPV | CFD
| Long | 191 | 4.61298429319372 GBP |
Ordinary NPV | CFD
| Long | 1995 | 4.66250125313283 GBP |
Ordinary NPV | CFD
| Long | 156 | 4.61301282051282 GBP |
Ordinary NPV | CFD
| Long | 459 | 4.66250544662309 GBP |
Ordinary NPV | CFD
| Long | 436 | 4.61300458715596 GBP |
Ordinary NPV | CFD
| Long | 2819 | 4.6625008868393 GBP |
Ordinary NPV | CFD
| Long | 26991 | 102.2199 ZAR |
Ordinary NPV | CFD
| Long | 440 | 4.68406818181818 GBP |
Ordinary NPV | CFD
| Long | 9 | 4.68444444444444 GBP |
Ordinary NPV | CFD
| Long | 14799 | 4.6444 GBP |
Ordinary NPV | CFD
| Long | 24670 | 4.6636668 GBP |
Ordinary NPV | CFD
| Long | 14623 | 4.6849996580729 GBP |
Ordinary NPV | CFD
| Long | 78139 | 4.68499993601147 GBP |
Ordinary NPV | CFD
| Long | 347100 | 4.60176257562662 GBP |
Ordinary NPV | CFD
| Long | 128669 | 4.68007818511063 GBP |
Ordinary NPV | CFD
| Long | 131 | 4.68419847328244 GBP |
Ordinary NPV | CFD
| Long | 10000 | 4.65275 GBP |
Ordinary NPV | CFD
| Long | 232000 | 4.60131599 GBP |
Ordinary NPV | CFD
| Long | 100000 | 4.656872 GBP |
Ordinary NPV | CFD
| Long | 300155 | 4.65958795 GBP |
Ordinary NPV | CFD
| Long | 41403 | 4.68406323213294 GBP |
Ordinary NPV | CFD
| Short | 45146 | 4.685 GBP |
Ordinary NPV | CFD
| Short | 73154 | 4.68485 GBP |
Ordinary NPV | CFD
| Short | 325837 | 101.9945358 ZAR |
Ordinary NPV | CFD
| Short | 26991 | 102.2199 ZAR |
Ordinary NPV | CFD
| Short | 2654 | 4.673163 GBP |
Ordinary NPV | CFD
| Short | 41743 | 103.335706 ZAR |
Ordinary NPV | CFD
| Short | 16393 | 103.348442 ZAR |
Ordinary NPV | CFD
| Short | 41497 | 102.953223 ZAR |
Ordinary NPV | CFD
| Short | 1 | 102.435243 ZAR |
Ordinary NPV | CFD
| Short | 75213 | 4.678958 GBP |
Ordinary NPV | CFD
| Short | 4205 | 4.677248 GBP |
Ordinary NPV | CFD
| Short | 2261 | 4.685089 GBP |
Ordinary NPV | CFD
| Short | 1744 | 4.676123 GBP |
Ordinary NPV | CFD
| Short | 413 | 4.672576 GBP |
Ordinary NPV | CFD
| Short | 38280 | 4.682432 GBP |
Ordinary NPV | CFD
| Short | 15718 | 4.671932 GBP |
Ordinary NPV | CFD
| Short | 10667 | 102.916057 ZAR |
Ordinary NPV | CFD
| Short | 43460 | 4.645539 GBP |
Ordinary NPV | CFD
| Short | 1644 | 4.58892944 GBP |
Ordinary NPV | CFD
| Short | 1000 | 4.610506 GBP |
Ordinary NPV | CFD
| Short | 830 | 4.634446 GBP |
Ordinary NPV | CFD
| Short | 707 | 4.59861386 GBP |
Ordinary NPV | CFD
| Short | 493 | 4.60655758 GBP |
Ordinary NPV | CFD
| Short | 37103 | 102.953308 ZAR |
Ordinary NPV | CFD
| Short | 66729 | 103.2481 ZAR |
Ordinary NPV | CFD
| Short | 337 | 102.3042 ZAR |
Ordinary NPV | CFD
| Short | 67125 | 102.79418637 ZAR |
Ordinary NPV | CFD
| Short | 169975 | 6.26249511 USD |
Ordinary NPV | CFD
| Short | 2591 | 4.68499807024315 GBP |
Ordinary NPV | CFD
| Short | 57500 | 4.64452469565217 GBP |
Ordinary NPV | CFD
| Short | 7000 | 4.66057143 GBP |
Ordinary NPV | CFD
| Short | 692342 | 4.63181645 GBP |
Ordinary NPV | CFD
| Short | 33876 | 4.576028 GBP |
Ordinary NPV | CFD
| Short | 4940 | 4.59493413 GBP |
Ordinary NPV | CFD
| Short | 5542 | 102.43311711 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 |
Ordinary NPV | Put | Purchasing | 750000 | 4.6 GBP | American | 20 March 2026 | 0.2475 GBP |
Ordinary NPV | Call | Purchasing | 1500000 | 4.8 GBP | American | 19 June 2026 | 0.2875 GBP |
Ordinary NPV | Call | Purchasing | 1500000 | 4.8 GBP | American | 20 March 2026 | 0.2 GBP |
Ordinary NPV | Call | Selling | 300000 | 4.651 GBP | American | 18 June 2027 | 0.48689 GBP |
Ordinary NPV | Put | Purchasing | 750000 | 4.6 GBP | American | 19 June 2026 | 0.3425 GBP |
Ordinary NPV | Put | Purchasing | 750000 | 4.6 GBP | American | 20 February 2026 | 0.205 GBP |
Ordinary NPV | Put | Selling | 300000 | 3.805 GBP | American | 18 June 2027 | 0.38111 GBP |
Ordinary NPV | Call | Selling | 1500000 | 4.8 GBP | American | 19 June 2026 | 0.2875 GBP |
Ordinary NPV | Call | Selling | 1500000 | 4.8 GBP | American | 20 March 2026 | 0.2 GBP |
Ordinary NPV | Put | Selling | 750000 | 4.6 GBP | American | 20 February 2026 | 0.205 GBP |
Ordinary NPV | Put | Purchasing | 300000 | 3.805 GBP | American | 18 June 2027 | 0.38111 GBP |
Ordinary NPV | Call | Purchasing | 300000 | 4.651 GBP | American | 18 June 2027 | 0.48689 GBP |
Ordinary NPV | Put | Selling | 750000 | 4.6 GBP | American | 20 March 2026 | 0.2475 GBP |
Ordinary NPV | Put | Selling | 750000 | 4.6 GBP | American | 19 June 2026 | 0.3425 GBP |
(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: | 15 January 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