26th Jan 2026 11:19
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 | Rio Tinto plc and Limited |
(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: | 23 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, Glencore plc |
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 |
ADR | Purchase | 948,603 | 89.1200 USD | 89.1200 USD |
| Sale | 632,402 | 89.1200 USD | 89.1200 USD |
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
10p ordinary | Purchase | 462,090 | 66.0400 GBP | 64.6000 GBP |
596 | 76.0400 EUR | 75.7087 EUR | ||
| Sale | 472,070 | 65.9745 GBP | 64.6800 GBP | |
232 | 75.8267 EUR | 75.7087 EUR |
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
Ordinary | Purchase | 2,796 | 148.7200 AUD | 148.7200 AUD |
| Sale | 1,171 | 149.0781 AUD | 149.0781 AUD |
(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 |
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 |
10p ordinary | Equity Swap | Decrease Long | 3,679 | 64.8600 GBP |
161 | 65.2249 GBP | |||
43 | 65.3618 GBP | |||
900 | 65.4763 GBP | |||
840 | 65.4790 GBP | |||
401 | 65.6001 GBP | |||
284 | 65.6488 GBP | |||
127 | 65.6813 GBP | |||
107 | 65.7026 GBP | |||
23,757 | 65.7141 GBP | |||
7,326 | 65.7412 GBP | |||
1,859 | 65.7427 GBP | |||
81 | 65.7578 GBP | |||
27 | 65.7630 GBP | |||
32 | 65.7634 GBP | |||
221 | 65.8241 GBP | |||
364 | 76.0400 EUR | |||
Decrease Short | 5,000 | 64.5905 GBP | ||
5,000 | 64.6309 GBP | |||
3,500 | 64.6506 GBP | |||
3,084 | 64.6937 GBP | |||
8 | 65.2290 GBP | |||
7 | 65.3690 GBP | |||
1,058 | 65.4344 GBP | |||
1,180 | 65.5233 GBP | |||
4,557 | 65.5818 GBP | |||
1,168 | 65.5997 GBP | |||
23,126 | 65.6420 GBP | |||
78 | 65.6635 GBP | |||
46,581 | 65.6958 GBP | |||
3,053 | 65.7043 GBP | |||
1,158 | 65.7113 GBP | |||
359 | 65.7202 GBP | |||
7,642 | 65.7250 GBP | |||
722 | 65.7313 GBP | |||
301 | 65.7325 GBP | |||
294 | 65.7525 GBP | |||
14,544 | 65.8027 GBP | |||
87 | 65.8454 GBP | |||
8,240 | 65.9656 GBP | |||
Increase Long | 16,281 | 65.5966 GBP | ||
7,283 | 65.6275 GBP | |||
25,000 | 65.6291 GBP | |||
86 | 65.6827 GBP | |||
17,000 | 65.7059 GBP | |||
837 | 65.7247 GBP | |||
1,659 | 65.7333 GBP | |||
4,256 | 65.7428 GBP | |||
1,231 | 65.7570 GBP | |||
Increase Short | 1,043 | 64.6743 GBP | ||
41 | 64.7399 GBP | |||
1,215 | 64.9851 GBP | |||
597 | 65.1326 GBP | |||
78,349 | 65.1500 GBP | |||
1 | 65.3562 GBP | |||
1,991 | 65.4072 GBP | |||
264 | 65.4131 GBP | |||
241 | 65.5101 GBP | |||
5,302 | 65.6303 GBP | |||
150 | 65.6333 GBP | |||
28 | 65.6566 GBP | |||
23 | 65.6770 GBP | |||
16 | 65.7041 GBP | |||
2,222 | 65.7597 GBP | |||
1 | 65.7649 GBP | |||
22 | 65.7666 GBP | |||
18 | 65.7810 GBP | |||
27 | 65.8910 GBP | |||
131 | 65.9329 GBP | |||
Opening a long position | 2,131 | 65.6758 GBP | ||
9,373 | 65.7599 GBP | |||
4,540 | 65.7840 GBP | |||
619 | 65.7901 GBP | |||
Opening a short position | 42 | 64.9170 GBP | ||
290 | 65.0690 GBP | |||
4,600 | 65.2726 GBP | |||
11,791 | 65.7600 GBP |
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 | Equity Swap | Opening a long position | 66 | 148.2382 AUD |
240 | 148.2488 AUD | |||
176 | 148.2620 AUD | |||
9,956 | 148.3646 AUD | |||
74,737 | 148.8623 AUD | |||
68 | 149.9821 AUD | |||
Opening a short position | 18,647 | 101.7281 AUD | ||
10,506 | 148.3700 AUD | |||
12,000 | 148.4067 AUD | |||
285 | 148.5266 AUD | |||
2,367 | 148.5416 AUD | |||
25,068 | 149.0244 AUD |
(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
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| Date of disclosure: | 26 January 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:
Rio Tinto