28th Jan 2026 11:18
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: | 27 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 | 773,197 | 67.3700 GBP | 66.0000 GBP |
51 | 76.3300 EUR | 76.3300 EUR | ||
| Sale | 1,122,289 | 67.3500 GBP | 66.0500 GBP | |
61 | 76.7650 EUR | 76.3300 EUR |
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
- | - | - | - | - |
(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 | 448 | 66.4399 GBP |
11,154 | 66.5047 GBP | |||
4,232 | 67.0612 GBP | |||
15,609 | 67.2800 GBP | |||
183 | 67.2830 GBP | |||
786 | 92.0437 GBP | |||
Decrease Short | 27,462 | 66.0500 GBP | ||
16 | 66.0753 GBP | |||
102 | 66.0756 GBP | |||
15 | 66.0758 GBP | |||
119 | 66.4840 GBP | |||
6,128 | 66.4893 GBP | |||
74,894 | 66.5251 GBP | |||
74,894 | 66.5256 GBP | |||
21,990 | 66.6899 GBP | |||
648 | 66.7749 GBP | |||
11,702 | 66.8028 GBP | |||
3,411 | 66.8194 GBP | |||
1,648 | 66.8986 GBP | |||
557 | 66.9511 GBP | |||
90 | 67.0676 GBP | |||
247 | 67.0732 GBP | |||
1,053 | 67.2800 GBP | |||
657 | 131.9567 GBP | |||
Increase Long | 3,445 | 66.3037 GBP | ||
10,398 | 66.4292 GBP | |||
1,612 | 66.5110 GBP | |||
14,500 | 66.7236 GBP | |||
22,939 | 66.9254 GBP | |||
3,177 | 67.1566 GBP | |||
1,952 | 67.2513 GBP | |||
78 | 67.2716 GBP | |||
39 | 67.2729 GBP | |||
17,157 | 67.2742 GBP | |||
101 | 67.2770 GBP | |||
142,862 | 67.2800 GBP | |||
10 | 76.7612 EUR | |||
Increase Short | 2,497 | 66.1540 GBP | ||
1,751 | 66.1554 GBP | |||
35 | 66.1651 GBP | |||
1,379 | 66.1870 GBP | |||
64 | 66.1874 GBP | |||
496 | 66.2090 GBP | |||
886 | 66.3749 GBP | |||
755 | 66.4076 GBP | |||
6 | 66.4650 GBP | |||
1,043 | 66.4876 GBP | |||
298 | 66.6713 GBP | |||
446 | 66.7099 GBP | |||
64 | 66.7310 GBP | |||
297 | 66.7655 GBP | |||
1,393 | 66.8038 GBP | |||
2,684 | 66.8484 GBP | |||
526 | 66.8752 GBP | |||
2,061 | 67.0720 GBP | |||
20,200 | 67.3305 GBP | |||
84 | 67.3368 GBP | |||
Opening a long position | 802 | 66.4252 GBP | ||
12,500 | 66.5089 GBP | |||
2,661 | 66.5389 GBP | |||
2,559 | 66.8598 GBP | |||
667 | 66.8602 GBP | |||
7,351 | 67.2800 GBP | |||
Opening a short position | 149 | 66.7520 GBP | ||
1,900 | 66.7597 GBP | |||
359 | 66.9485 GBP | |||
8,532 | 66.9991 GBP | |||
782 | 67.2364 GBP | |||
118 | 67.2520 GBP | |||
12,500 | 67.3052 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 | 4,900 | 151.2000 AUD |
1,252 | 151.4660 AUD | |||
80,573 | 151.5181 AUD | |||
22,233 | 151.7373 AUD | |||
111 | 152.1254 AUD | |||
247 | 152.1298 AUD | |||
36 | 152.2398 AUD | |||
94 | 152.2578 AUD | |||
Opening a short position | 5,457 | 76.4179 AUD | ||
2,392 | 76.4266 AUD | |||
5,457 | 76.5044 AUD | |||
5,457 | 76.7244 AUD | |||
26,816 | 104.6447 AUD | |||
4,770 | 151.2227 AUD | |||
11,472 | 151.2345 AUD | |||
5,033 | 151.2629 AUD | |||
51,030 | 151.6249 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: | 28 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