6th Feb 2026 12:08
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: | 05 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
|
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
| 25703157 | 6.01920 GBP | 4.25485 GBP |
Ordinary NPV | Sell
| 23078958 | 5.05700 GBP | 4.64535 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 | 21361 | 5.046819 GBP |
Ordinary NPV | CFD
| Long | 430 | 4.855673 GBP |
Ordinary NPV | CFD
| Long | 138167 | 4.740931 GBP |
Ordinary NPV | CFD
| Long | 145013 | 109.33124327 ZAR |
Ordinary NPV | CFD
| Long | 14990 | 5.057 GBP |
Ordinary NPV | CFD
| Long | 486 | 5.049 GBP |
Ordinary NPV | CFD
| Long | 3559 | 5.048 GBP |
Ordinary NPV | CFD
| Long | 113297 | 4.850455 GBP |
Ordinary NPV | CFD
| Long | 113 | 5.02 GBP |
Ordinary NPV | CFD
| Long | 1960 | 5.021 GBP |
Ordinary NPV | CFD
| Long | 2829 | 4.7235 GBP |
Ordinary NPV | CFD
| Long | 2534 | 4.7285 GBP |
Ordinary NPV | CFD
| Long | 15349 | 4.71 GBP |
Ordinary NPV | CFD
| Long | 875321 | 4.69693182271281 GBP |
Ordinary NPV | CFD
| Long | 235279 | 4.75216734175171 GBP |
Ordinary NPV | CFD
| Long | 108488 | 4.822139 GBP |
Ordinary NPV | CFD
| Long | 16767 | 4.80572374 GBP |
Ordinary NPV | CFD
| Long | 50000 | 4.64535 GBP |
Ordinary NPV | CFD
| Long | 225500 | 4.733725 GBP |
Ordinary NPV | CFD
| Long | 9239 | 110.0944 ZAR |
Ordinary NPV | CFD
| Long | 238516 | 4.7525 GBP |
Ordinary NPV | CFD
| Long | 40818 | 4.72700009799598 GBP |
Ordinary NPV | CFD
| Long | 17492 | 4.71774982849303 GBP |
Ordinary NPV | CFD
| Long | 34829 | 4.93066525 GBP |
Ordinary NPV | CFD
| Long | 300000 | 4.74913525 GBP |
Ordinary NPV | CFD
| Long | 200000 | 4.732042 GBP |
Ordinary NPV | CFD
| Long | 946885 | 4.70519792 GBP |
Ordinary NPV | CFD
| Long | 64970 | 4.8834 GBP |
Ordinary NPV | CFD
| Long | 3264 | 109.43710784 ZAR |
Ordinary NPV | CFD
| Long | 200 | 4.9585 GBP |
Ordinary NPV | CFD
| Long | 200 | 4.9515 GBP |
Ordinary NPV | CFD
| Long | 200 | 4.9955 GBP |
Ordinary NPV | CFD
| Long | 208 | 110.237 ZAR |
Ordinary NPV | CFD
| Long | 28911 | 109.71284044 ZAR |
Ordinary NPV | CFD
| Long | 6968 | 108.8532 ZAR |
Ordinary NPV | CFD
| Long | 16552 | 110.383 ZAR |
Ordinary NPV | CFD
| Long | 141532 | 109.51030954 ZAR |
Ordinary NPV | CFD
| Short | 2744 | 4.75825317172012 GBP |
Ordinary NPV | CFD
| Short | 713480 | 4.754401 GBP |
Ordinary NPV | CFD
| Short | 200 | 5.008 GBP |
Ordinary NPV | CFD
| Short | 200 | 4.978 GBP |
Ordinary NPV | CFD
| Short | 200 | 4.9955 GBP |
Ordinary NPV | CFD
| Short | 145013 | 109.33124327 ZAR |
Ordinary NPV | CFD
| Short | 3264 | 109.43710784 ZAR |
Ordinary NPV | CFD
| Short | 9239 | 110.0944 ZAR |
Ordinary NPV | CFD
| Short | 18402 | 4.6957 GBP |
Ordinary NPV | CFD
| Short | 364846 | 4.68101431 GBP |
Ordinary NPV | CFD
| Short | 11150 | 110.048691 ZAR |
Ordinary NPV | CFD
| Short | 58294 | 4.8090001 GBP |
Ordinary NPV | CFD
| Short | 229271 | 4.95311042118462 GBP |
Ordinary NPV | CFD
| Short | 215392 | 4.85869280573508 GBP |
Ordinary NPV | CFD
| Short | 16869 | 4.82089991 GBP |
Ordinary NPV | CFD
| Short | 141532 | 109.51030954 ZAR |
Ordinary NPV | CFD
| Short | 7612 | 4.714114 GBP |
Ordinary NPV | CFD
| Short | 5155 | 4.691 GBP |
Ordinary NPV | CFD
| Short | 1940 | 4.7205 GBP |
Ordinary NPV | CFD
| Short | 5311 | 4.67 GBP |
Ordinary NPV | CFD
| Short | 2971 | 4.769304 GBP |
Ordinary NPV | CFD
| Short | 6630 | 4.6935 GBP |
Ordinary NPV | CFD
| Short | 2937 | 4.722 GBP |
Ordinary NPV | CFD
| Short | 2191 | 4.6975 GBP |
Ordinary NPV | CFD
| Short | 3911 | 4.678867 GBP |
Ordinary NPV | CFD
| Short | 4306 | 4.976539 GBP |
Ordinary NPV | CFD
| Short | 1350 | 4.99325 GBP |
Ordinary NPV | CFD
| Short | 281243 | 4.768064 GBP |
Ordinary NPV | CFD
| Short | 3600 | 4.6945 GBP |
Ordinary NPV | CFD
| Short | 1880 | 4.70075 GBP |
Ordinary NPV | CFD
| Short | 2644 | 4.7125 GBP |
Ordinary NPV | CFD
| Short | 4098 | 4.7055 GBP |
Ordinary NPV | CFD
| Short | 3030 | 4.70975 GBP |
Ordinary NPV | CFD
| Short | 5402 | 111.073033 ZAR |
Ordinary NPV | CFD
| Short | 748 | 4.803291 GBP |
Ordinary NPV | CFD
| Short | 96854 | 4.829824 GBP |
Ordinary NPV | CFD
| Short | 8083 | 4.768686 GBP |
Ordinary NPV | CFD
| Short | 4862 | 4.992067 GBP |
Ordinary NPV | CFD
| Short | 6713 | 4.69831074 GBP |
Ordinary NPV | CFD
| Short | 2348 | 5.016822 GBP |
Ordinary NPV | CFD
| Short | 511 | 5.01908023 GBP |
Ordinary NPV | CFD
| Short | 5884 | 4.7525 GBP |
Ordinary NPV | CFD
| Short | 208 | 110.237 ZAR |
Ordinary NPV | CFD
| Short | 873187 | 4.68101429 GBP |
Ordinary NPV | CFD
| Short | 195500 | 4.650053 GBP |
Ordinary NPV | CFD
| Short | 28911 | 109.71284044 ZAR |
Ordinary NPV | CFD
| Short | 6968 | 108.8532 ZAR |
Ordinary NPV | CFD
| Short | 40000 | 4.89984875 GBP |
Ordinary NPV | CFD
| Short | 21000 | 4.56228 GBP |
Ordinary NPV | CFD
| Short | 15314 | 4.56288037 GBP |
Ordinary NPV | CFD
| Short | 97000 | 4.56 GBP |
Ordinary NPV | CFD
| Short | 160534 | 4.67912779 GBP |
Ordinary NPV | CFD
| Short | 100000 | 4.945898 GBP |
Ordinary NPV | CFD
| Short | 100000 | 4.698011 GBP |
Ordinary NPV | CFD
| Short | 189466 | 4.699707 GBP |
Ordinary NPV | CFD
| Short | 100000 | 4.756302 GBP |
Ordinary NPV | CFD
| Short | 200000 | 4.951775 GBP |
Ordinary NPV | CFD
| Short | 300000 | 5.02662107 GBP |
Ordinary NPV | CFD
| Short | 304553 | 4.70422678 GBP |
Ordinary NPV | CFD
| Short | 40818 | 4.72700009799598 GBP |
Ordinary NPV | CFD
| Short | 17492 | 4.71774982849303 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 |
|
|
|
|
|
(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) |
|
|
|
|
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
|
(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: | 06 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