22nd Jan 2026 11:38
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: | 21 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 | 1,003,802 | 66.6467 GBP | 64.0808 GBP |
413 | 76.2200 EUR | 75.8600 EUR | ||
| Sale | 953,615 | 66.5775 GBP | 64.1447 GBP | |
632 | 76.2200 EUR | 75.8600 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 | 1,112 | 148.1354 AUD | 148.1354 AUD |
| Sale | - | - | - |
(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
Decrease Short
Increase Long
Increase Short
Opening a long position
Opening a short position | 54 140 89,642 3,273 19,847 17,572 3,968 1
166,245 700 252 564 40,000 290 75,712 75,712 712 7,043 127 9,934 9,355 1,003 441 28,050 16,552 434 2,388 5,803
15,477 4,410 1,671 68 613 528 1,319
166,245 30 47 3,288 784 5,763 1,215 3,560 12,897 2,320 378 398 13,504 412 15,401 350 80 729 2,321 13,894 264 564 7,856 661 465 8,562 38,460 149
60,000 7,643 15,000 140 64 530 8,401 717 323 2,473 310
1,892 1,442 1,539 3,200 11,701 517 91 | 65.9206 GBP 66.0763 GBP 66.1632 GBP 66.3247 GBP 66.3556 GBP 66.3657 GBP 66.3756 GBP 66.4130 GBP
0.0000 GBP 64.2000 GBP 65.5818 GBP 65.7340 GBP 65.8991 GBP 65.9191 GBP 66.0667 GBP 66.0712 GBP 66.0907 GBP 66.1166 GBP 66.1534 GBP 66.1580 GBP 66.1645 GBP 66.1831 GBP 66.1959 GBP 66.2030 GBP 66.2501 GBP 66.2568 GBP 66.4573 GBP 66.4904 GBP
65.7586 GBP 66.0364 GBP 66.3610 GBP 66.4017 GBP 66.4067 GBP 66.4070 GBP 89.1171 GBP
0.0000 GBP 64.0808 GBP 64.8213 GBP 65.2264 GBP 65.7303 GBP 65.8543 GBP 65.8712 GBP 65.8823 GBP 65.8915 GBP 65.9426 GBP 66.0176 GBP 66.1024 GBP 66.1447 GBP 66.1483 GBP 66.1891 GBP 66.1957 GBP 66.2230 GBP 66.2240 GBP 66.2740 GBP 66.2811 GBP 66.3504 GBP 66.3560 GBP 66.3580 GBP 66.3828 GBP 66.3958 GBP 66.4042 GBP 66.4153 GBP 66.4199 GBP
66.0570 GBP 66.1287 GBP 66.2313 GBP 66.3033 GBP 66.3484 GBP 66.3509 GBP 66.3532 GBP 66.4897 GBP 66.5633 GBP 66.5685 GBP 76.2200 EUR
65.7476 GBP 65.8784 GBP 66.2612 GBP 66.4087 GBP 66.4100 GBP 66.6467 GBP 76.2200 EUR |
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
Opening a short position | 1,404 1,075 2,005 27,504 2,000 49 2,000 71
5,457 71 27 8,604 586 16,500 4,472 | 100.8392 AUD 100.8573 AUD 149.6118 AUD 149.7383 AUD 149.8367 AUD 149.8484 AUD 149.8665 AUD 150.0820 AUD
74.9544 AUD 146.9976 AUD 149.4252 AUD 149.7819 AUD 149.7905 AUD 149.8003 AUD 149.9517 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: | 22 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