21st Jan 2026 11:12
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: | 20 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 | 889,919 | 63.1700 GBP | 62.3900 GBP |
907 | 72.4900 EUR | 72.0177 EUR | ||
| Sale | 818,129 | 63.1403 GBP | 62.4100 GBP | |
847 | 72.4900 EUR | 72.0177 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 | 965 | 148.5862 AUD | 146.3400 AUD |
Sale | 24 | 146.3400 AUD | 146.3400 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 | 1,133 | 85.2500 AUD | 85.2500 AUD |
Sale | 1,133 | 85.2500 AUD | 85.2500 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 |
10p ordinary | Equity Swap | Decrease Long | 42,843 | 62.8912 GBP |
1,050 | 62.9481 GBP | |||
2,328 | 62.9595 GBP | |||
18 | 62.9795 GBP | |||
23,692 | 62.9973 GBP | |||
70 | 62.9993 GBP | |||
5,481 | 63.0022 GBP | |||
3,098 | 63.0152 GBP | |||
1,902 | 63.0788 GBP | |||
18 | 63.1038 GBP | |||
41 | 63.1063 GBP | |||
17,769 | 63.1352 GBP | |||
14 | 63.1401 GBP | |||
16 | 63.1407 GBP | |||
23 | 63.1418 GBP | |||
1,386 | 63.1428 GBP | |||
4 | 63.1479 GBP | |||
264 | 63.1480 GBP | |||
7,221 | 63.1526 GBP | |||
18 | 72.3111 EUR | |||
42 | 72.4900 EUR | |||
Decrease Short | 1 | 62.5381 GBP | ||
95 | 62.7603 GBP | |||
56 | 62.7850 GBP | |||
13,764 | 62.9079 GBP | |||
17,000 | 62.9174 GBP | |||
397 | 62.9380 GBP | |||
2,713 | 62.9464 GBP | |||
66 | 62.9556 GBP | |||
920 | 62.9626 GBP | |||
144 | 63.0246 GBP | |||
289 | 63.0725 GBP | |||
550 | 63.0729 GBP | |||
2,045 | 63.0808 GBP | |||
5,630 | 63.0814 GBP | |||
109 | 63.1037 GBP | |||
20,000 | 84.7923 GBP | |||
Increase Long | 1,884 | 62.6537 GBP | ||
1 | 62.9300 GBP | |||
7,314 | 62.9989 GBP | |||
460 | 63.0146 GBP | |||
14,088 | 63.1209 GBP | |||
13,753 | 63.1400 GBP | |||
1,043 | 84.6475 GBP | |||
Increase Short | 10 | 62.5850 GBP | ||
950 | 62.6400 GBP | |||
528 | 62.6698 GBP | |||
21,997 | 62.6810 GBP | |||
1,336 | 62.6861 GBP | |||
246 | 62.7088 GBP | |||
1,796 | 62.7548 GBP | |||
962 | 62.7706 GBP | |||
2,944 | 62.8384 GBP | |||
1,323 | 62.9322 GBP | |||
103 | 62.9490 GBP | |||
1,472 | 62.9993 GBP | |||
1,473 | 63.0305 GBP | |||
1 | 63.0363 GBP | |||
13 | 63.1094 GBP | |||
346 | 63.1216 GBP | |||
Opening a long position | 571 | 62.9597 GBP | ||
842 | 62.9925 GBP | |||
1,015 | 63.0221 GBP | |||
961 | 63.1400 GBP | |||
13,971 | 63.1403 GBP | |||
Opening a short position | 377 | 62.8419 GBP | ||
2,120 | 62.8522 GBP | |||
50 | 62.9669 GBP | |||
14,435 | 63.0118 GBP | |||
378 | 63.0474 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 | 606 | 99.3039 AUD |
229,436 | 146.3400 AUD | |||
2,005 | 146.9405 AUD | |||
81,550 | 147.7619 AUD | |||
| Opening a short position | 5,457 | 73.3566 AUD | |
5,457 | 73.5873 AUD | |||
5,456 | 73.9157 AUD | |||
1,256 | 146.3693 AUD | |||
247,305 | 146.5350 AUD | |||
7,696 | 146.8449 AUD | |||
481 | 147.1253 AUD | |||
20,000 | 147.3275 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: | 21 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