20th Jan 2026 11:15
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 Rio Tinto 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: | 19 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 |
10p ordinary | Purchase | 490,606 | 63.9300 GBP | 63.1900 GBP |
178 | 73.5800 EUR | 73.2225 EUR | ||
| Sale | 484,162 | 63.9200 GBP | 63.1718 GBP | |
534 | 73.5800 EUR | 72.9900 EUR |
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
Ordinary | - | - | - | - |
(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 |
10p ordinary | Equity Swap | Decrease Long | 26,184 | 63.3685 GBP |
13,685 | 63.3900 GBP | |||
88 | 63.3979 GBP | |||
166 | 63.4027 GBP | |||
2,133 | 63.4154 GBP | |||
243 | 63.4159 GBP | |||
2,662 | 63.4208 GBP | |||
37,024 | 63.4214 GBP | |||
242 | 63.4442 GBP | |||
98 | 63.5051 GBP | |||
Decrease Short | 93 | 63.3337 GBP | ||
441 | 63.3791 GBP | |||
9,582 | 63.4009 GBP | |||
76 | 63.4134 GBP | |||
1,268 | 63.4198 GBP | |||
85 | 63.4204 GBP | |||
1,250 | 63.4299 GBP | |||
2,180 | 63.4334 GBP | |||
43 | 63.4347 GBP | |||
84 | 63.4360 GBP | |||
612 | 63.4611 GBP | |||
1,606 | 63.4634 GBP | |||
5 | 63.4740 GBP | |||
309 | 63.4921 GBP | |||
565 | 63.5425 GBP | |||
8 | 63.5541 GBP | |||
32 | 63.5889 GBP | |||
2,383 | 63.7251 GBP | |||
72,000 | 63.8300 GBP | |||
58 | 63.9455 GBP | |||
Increase Long | 16,218 | 63.3644 GBP | ||
1,075 | 63.3872 GBP | |||
7,270 | 63.4595 GBP | |||
5,167 | 63.4690 GBP | |||
1 | 63.5371 GBP | |||
2,827 | 63.8833 GBP | |||
355 | 72.9900 EUR | |||
1 | 73.1563 EUR | |||
Increase Short | 12 | 63.2563 GBP | ||
1,493 | 63.2923 GBP | |||
944 | 63.3225 GBP | |||
530 | 63.3910 GBP | |||
11 | 63.3963 GBP | |||
255 | 63.4051 GBP | |||
373 | 63.4260 GBP | |||
5 | 63.4263 GBP | |||
1,158 | 63.4326 GBP | |||
853 | 63.4332 GBP | |||
1,623 | 63.4469 GBP | |||
492 | 63.4517 GBP | |||
478 | 63.4541 GBP | |||
5 | 63.4660 GBP | |||
5 | 63.5664 GBP | |||
723 | 63.8853 GBP | |||
724 | 63.9030 GBP | |||
Opening a long position | 1,629 | 63.3704 GBP | ||
24 | 63.3881 GBP | |||
282 | 63.4251 GBP | |||
362 | 63.4894 GBP | |||
Opening a short position | 116 | 63.3267 GBP | ||
2,005 | 63.3900 GBP | |||
176 | 63.4113 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 | 16,039 | 148.1012 AUD |
50,000 | 148.3374 AUD | |||
3,465 | 149.2307 AUD | |||
2,002 | 149.2496 AUD | |||
2,540 | 149.2665 AUD | |||
998 | 149.4219 AUD | |||
Opening a short position | 5,456 | 74.7934 AUD | ||
200 | 148.0078 AUD | |||
59,005 | 148.4965 AUD | |||
192 | 148.9371 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: | 20 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