4th Feb 2026 11:30
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: | 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, Rio Tinto plc and Rio Tinto 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 | 109 | 111.1400 ZAR | 110.2500 ZAR |
17,509,486 | 5.1935 GBP | 5.0453 GBP | ||
| Sale | 109 | 111.1400 ZAR | 110.2500 ZAR | |
7,591,397 | 5.1920 GBP | 5.0430 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 | 1,908 | 5.0453 GBP |
1,128 | 5.0602 GBP | |||
26,123 | 5.0650 GBP | |||
81,460 | 5.0732 GBP | |||
459 | 5.0752 GBP | |||
29,299 | 5.0872 GBP | |||
75,873 | 5.0934 GBP | |||
1,201 | 5.1041 GBP | |||
128,158 | 5.1101 GBP | |||
468,384 | 5.1523 GBP | |||
1,601 | 5.1612 GBP | |||
94,880 | 5.1730 GBP | |||
1,587 | 5.1735 GBP | |||
6,950 | 110.8880 ZAR | |||
20,856 | 111.2876 ZAR | |||
3,947 | 111.3703 ZAR | |||
85,004 | 111.4145 ZAR | |||
171 | 111.6440 ZAR | |||
Decrease Short | 20,340 | 5.0538 GBP | ||
248,554 | 5.0634 GBP | |||
250,000 | 5.0727 GBP | |||
28,586 | 5.0817 GBP | |||
22,155 | 5.0973 GBP | |||
35,984 | 5.1025 GBP | |||
1,448 | 5.1059 GBP | |||
55,156 | 5.1147 GBP | |||
665,213 | 5.1150 GBP | |||
70,049 | 5.1187 GBP | |||
28,475 | 5.1192 GBP | |||
5,680 | 5.1194 GBP | |||
24,027 | 5.1465 GBP | |||
2,480 | 5.1490 GBP | |||
800 | 5.1540 GBP | |||
30,791 | 5.1575 GBP | |||
7,000 | 5.1606 GBP | |||
52,587 | 5.1649 GBP | |||
46,536 | 5.1650 GBP | |||
110,231 | 5.1697 GBP | |||
331 | 5.1728 GBP | |||
323 | 5.1729 GBP | |||
6,950 | 110.8880 ZAR | |||
688 | 111.1500 ZAR | |||
20,856 | 111.2876 ZAR | |||
3,947 | 111.3703 ZAR | |||
85,004 | 111.4000 ZAR | |||
72 | 111.6125 ZAR | |||
83 | 111.6643 ZAR | |||
16 | 111.6800 ZAR | |||
Increase Long | 838 | 5.0569 GBP | ||
4,751 | 5.0654 GBP | |||
39,438 | 5.0778 GBP | |||
49,253 | 5.0936 GBP | |||
470,976 | 5.0959 GBP | |||
35,047 | 5.1125 GBP | |||
111,741 | 5.1143 GBP | |||
47,631 | 5.1630 GBP | |||
4,688 | 5.1732 GBP | |||
8,148 | 110.9777 ZAR | |||
2,037 | 111.4000 ZAR | |||
937 | 111.6485 ZAR | |||
Increase Short | 10,504,463 | 5.0813 GBP | ||
38,226 | 5.0996 GBP | |||
360,587 | 5.1042 GBP | |||
800 | 5.1187 GBP | |||
5,935 | 5.1251 GBP | |||
470 | 5.1252 GBP | |||
5,600 | 5.1284 GBP | |||
53,835 | 5.1293 GBP | |||
642 | 5.1313 GBP | |||
4,100 | 5.1333 GBP | |||
150,000 | 5.1405 GBP | |||
15,035 | 5.1412 GBP | |||
1,105 | 5.1442 GBP | |||
50,000 | 5.1498 GBP | |||
10,988 | 5.1516 GBP | |||
100,000 | 5.1573 GBP | |||
146 | 5.1584 GBP | |||
54,534 | 5.1639 GBP | |||
69,089 | 5.1653 GBP | |||
18 | 5.1732 GBP | |||
64,266 | 5.1734 GBP | |||
937 | 5.1735 GBP | |||
125,000 | 5.1865 GBP | |||
8,148 | 110.9777 ZAR | |||
688 | 111.1722 ZAR | |||
350 | 111.3200 ZAR | |||
2,037 | 111.4000 ZAR | |||
587 | 111.8675 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
|
| Date of disclosure: | 04 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