16th Jan 2026 11:28
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: | 15 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 |
Ordinary | Purchase | 66,162 | 148.9374 AUD | 147.2294 AUD |
| Sale | 67,187 | 148.9374 AUD | 147.2294 AUD |
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
ADR | Purchase | 99,549 | 85.8800 USD | 85.8800 USD |
| Sale | 66,366 | 85.8800 USD | 85.8800 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 | 802,905 | 64.6829 GBP | 62.6300 GBP |
521 | 74.0000 EUR | 73.9000 EUR | ||
| Sale | 1,391,183 | 64.6800 GBP | 62.7500 GBP | |
528 | 74.0000 EUR | 73.7214 EUR |
(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
10p ordinary | Equity Swap | Opening a long position | 59,683 | 147.6790 AUD |
1,231 | 148.2715 AUD | |||
204 | 148.8156 AUD | |||
1,054 | 148.9374 AUD | |||
Opening a short position | 2,527 | 73.5784 AUD | ||
34 | 73.9019 AUD | |||
6,850 | 99.1785 AUD | |||
14,476 | 99.3294 AUD | |||
152 | 147.2294 AUD | |||
6,088 | 147.2975 AUD | |||
17,914 | 147.4278 AUD | |||
578 | 147.7980 AUD | |||
54 2,489 | 148.3078 AUD 148.6081AUD | |||
Equity Swap |
Decrease Long |
5,740 |
62.7477 GBP | |
| 3,191 | 63.8541 GBP | ||
| 13,711 | 63.9813 GBP | ||
| 2 | 64.1852 GBP | ||
| 67 | 64.1925 GBP | ||
| 6,492 | 64.4747 GBP | ||
| 221 | 64.5807 GBP | ||
| 494 | 64.5843 GBP | ||
| 30,601 | 64.6754 GBP | ||
| 178 | 64.6829 GBP | ||
| 24 | 64.6881 GBP | ||
| 1,575 | 85.7494 GBP | ||
Decrease Short | 24 | 62.8356 GBP | ||
2,928 | 62.8382 GBP | |||
119 | 63.0276 GBP | |||
118 | 63.0277 GBP | |||
4,202 | 63.2821 GBP | |||
45,032 | 63.8923 GBP | |||
26 | 63.9894 GBP | |||
57,999 | 64.0020 GBP | |||
25,000 | 64.0159 GBP | |||
25,000 | 64.0380 GBP | |||
101,058 | 64.0418 GBP | |||
22,000 | 64.0459 GBP | |||
426 | 64.0464 GBP | |||
21,733 | 64.0475 GBP | |||
2,269 | 64.0809 GBP | |||
19,227 | 64.0879 GBP | |||
13,038 | 64.0899 GBP | |||
24,861 | 64.0900 GBP | |||
1,797 | 64.1594 GBP | |||
1,621 | 64.1628 GBP | |||
22,341 | 64.1928 GBP | |||
821 | 64.2053 GBP | |||
4,462 | 64.2400 GBP | |||
356 | 64.3044 GBP | |||
284 | 64.3405 GBP | |||
40,000 | 64.3922 GBP | |||
602 | 64.4286 GBP | |||
9 | 64.4336 GBP | |||
2,959 | 64.4627 GBP | |||
10 | 64.4636 GBP | |||
2,967 | 64.4809 GBP | |||
35 | 64.5393 GBP | |||
17 | 64.6735 GBP | |||
3,753 | 64.6787 GBP | |||
Increase Long | 117 | 62.9561 GBP | ||
28 | 63.7347 GBP | |||
1,828 | 63.9630 GBP | |||
2,760 | 64.0076 GBP | |||
5,074 | 64.0170 GBP | |||
827 | 64.0510 GBP | |||
539 | 64.0574 GBP | |||
30,760 | 64.0804 GBP | |||
27,984 | 64.1000 GBP | |||
663 | 64.1117 GBP | |||
75 | 64.1436 GBP | |||
3,858 | 64.6309 GBP | |||
335 | 64.6771 GBP | |||
7 | 73.7177 EUR | |||
6,597 | 86.2924 GBP | |||
Increase Short | 563 | 62.8216 GBP | ||
350 | 62.8309 GBP | |||
948 | 62.8383 GBP | |||
517 | 63.2967 GBP | |||
688 | 63.2971 GBP | |||
10,019 | 63.3412 GBP | |||
1,257 | 63.6589 GBP | |||
4,611 | 63.7042 GBP | |||
354 | 63.8273 GBP | |||
1,792 | 63.8973 GBP | |||
1,270 | 64.0564 GBP | |||
401 | 64.0920 GBP | |||
20 | 64.5446 GBP | |||
Opening a long position | 325 | 63.4247 GBP | ||
200 | 63.9813 GBP | |||
28,534 | 64.1206 GBP | |||
10,000 | 64.1505 GBP | |||
563 | 64.2156 GBP | |||
1,018 | 64.2846 GBP | |||
910 | 64.6800 GBP | |||
Opening a short position | 278 | 64.0369 GBP | ||
2,111 | 64.0458 GBP | |||
10,000 | 64.0815 GBP | |||
729 | 64.1577 GBP | |||
49 | 64.2119 GBP | |||
378 | 64.2745 GBP | |||
28,005 | 64.6781 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) |
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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: | 16 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