3rd Feb 2026 11:58
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: | 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
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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
| 9737784 | 5.01844 GBP | 3.58280 GBP |
Ordinary NPV | Sell
| 9493529 | 5.03000 GBP | 4.71038 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 | 19641 | 107.6518 ZAR |
Ordinary NPV | CFD
| Long | 55041 | 108.82683945 ZAR |
Ordinary NPV | CFD
| Long | 4421804 | 5.01 GBP |
Ordinary NPV | CFD
| Long | 862 | 4.7635 GBP |
Ordinary NPV | CFD
| Long | 10847 | 4.954264 GBP |
Ordinary NPV | CFD
| Long | 2743 | 5.003808 GBP |
Ordinary NPV | CFD
| Long | 1500 | 4.89 GBP |
Ordinary NPV | CFD
| Long | 141000 | 4.850573 GBP |
Ordinary NPV | CFD
| Long | 112592 | 4.93010034 GBP |
Ordinary NPV | CFD
| Long | 31565 | 4.9642 GBP |
Ordinary NPV | CFD
| Long | 5703 | 108.40534982 ZAR |
Ordinary NPV | CFD
| Long | 500 | 4.7955 GBP |
Ordinary NPV | CFD
| Long | 25945 | 109.2628 ZAR |
Ordinary NPV | CFD
| Long | 433841 | 105.12538289 ZAR |
Ordinary NPV | CFD
| Long | 273014 | 107.8904473 ZAR |
Ordinary NPV | CFD
| Long | 1619 | 4.9955 GBP |
Ordinary NPV | CFD
| Long | 226 | 4.96525 GBP |
Ordinary NPV | CFD
| Long | 1856 | 4.968 GBP |
Ordinary NPV | CFD
| Long | 526 | 4.97925 GBP |
Ordinary NPV | CFD
| Long | 2275 | 4.9985 GBP |
Ordinary NPV | CFD
| Long | 915 | 5.0 GBP |
Ordinary NPV | CFD
| Long | 1172 | 5.004 GBP |
Ordinary NPV | CFD
| Long | 693 | 5.005 GBP |
Ordinary NPV | CFD
| Long | 734 | 4.999 GBP |
Ordinary NPV | CFD
| Long | 314 | 4.9965 GBP |
Ordinary NPV | CFD
| Long | 465 | 4.994 GBP |
Ordinary NPV | CFD
| Long | 430 | 4.9855 GBP |
Ordinary NPV | CFD
| Long | 430 | 4.9995 GBP |
Ordinary NPV | CFD
| Long | 387 | 5.003 GBP |
Ordinary NPV | CFD
| Long | 105 | 4.99875 GBP |
Ordinary NPV | CFD
| Long | 578 | 5.001 GBP |
Ordinary NPV | CFD
| Long | 288 | 5.002 GBP |
Ordinary NPV | CFD
| Long | 116 | 4.997 GBP |
Ordinary NPV | CFD
| Long | 562 | 4.998 GBP |
Ordinary NPV | CFD
| Long | 139 | 4.9915 GBP |
Ordinary NPV | CFD
| Long | 5869 | 4.932304 GBP |
Ordinary NPV | CFD
| Long | 728 | 4.8325 GBP |
Ordinary NPV | CFD
| Long | 140696 | 4.987127 GBP |
Ordinary NPV | CFD
| Long | 100360 | 4.940511 GBP |
Ordinary NPV | CFD
| Long | 2478 | 4.83117837 GBP |
Ordinary NPV | CFD
| Long | 1459 | 4.819428 GBP |
Ordinary NPV | CFD
| Long | 180 | 4.843444 GBP |
Ordinary NPV | CFD
| Long | 85600 | 5.00075864485981 GBP |
Ordinary NPV | CFD
| Long | 1022034 | 4.85925702 GBP |
Ordinary NPV | CFD
| Long | 116289 | 5.00899801356964 GBP |
Ordinary NPV | CFD
| Long | 514 | 107.7415 ZAR |
Ordinary NPV | CFD
| Long | 24660 | 108.4445 ZAR |
Ordinary NPV | CFD
| Short | 84817 | 6.76959858 USD |
Ordinary NPV | CFD
| Short | 25945 | 109.2628 ZAR |
Ordinary NPV | CFD
| Short | 1300 | 4.818504 GBP |
Ordinary NPV | CFD
| Short | 61 | 4.831733 GBP |
Ordinary NPV | CFD
| Short | 1500 | 4.85497267 GBP |
Ordinary NPV | CFD
| Short | 2873 | 4.791027 GBP |
Ordinary NPV | CFD
| Short | 138772 | 4.805776 GBP |
Ordinary NPV | CFD
| Short | 514 | 107.7415 ZAR |
Ordinary NPV | CFD
| Short | 19641 | 107.6518 ZAR |
Ordinary NPV | CFD
| Short | 24660 | 108.4445 ZAR |
Ordinary NPV | CFD
| Short | 55041 | 108.82683945 ZAR |
Ordinary NPV | CFD
| Short | 273014 | 107.8904473 ZAR |
Ordinary NPV | CFD
| Short | 5703 | 108.40534982 ZAR |
Ordinary NPV | CFD
| Short | 710868 | 4.85974297 GBP |
Ordinary NPV | CFD
| Short | 775 | 4.974412 GBP |
Ordinary NPV | CFD
| Short | 2981 | 5.0 GBP |
Ordinary NPV | CFD
| Short | 668 | 4.99940006 GBP |
Ordinary NPV | CFD
| Short | 433841 | 105.12538289 ZAR |
Ordinary NPV | CFD
| Short | 736 | 4.7565 GBP |
Ordinary NPV | CFD
| Short | 27060 | 4.762775 GBP |
Ordinary NPV | CFD
| Short | 63704 | 4.897517 GBP |
Ordinary NPV | CFD
| Short | 26657 | 4.99314 GBP |
Ordinary NPV | CFD
| Short | 17610 | 4.95790062 GBP |
Ordinary NPV | CFD
| Short | 3515 | 5.01 GBP |
Ordinary NPV | CFD
| Short | 223100 | 4.82684746750336 GBP |
Ordinary NPV | CFD
| Short | 50000 | 4.83483 GBP |
Ordinary NPV | CFD
| Short | 5000000 | 4.7645 GBP |
Ordinary NPV | CFD
| Short | 4470 | 4.82536 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: | 03 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