12th Jan 2026 11:39
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: | 09 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 | 1,905,440 | 61.1100 GBP | 60.0600 GBP |
956 | 70.3200 EUR | 69.5100 EUR | ||
| Sale | 1,933,643 | 61.1200 GBP | 60.0548 GBP | |
956 | 70.3200 EUR | 69.6697 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 | 33,768 | 144.7335 AUD | 144.5690 AUD |
70 | 82.5500 EUR | 82.5500 EUR | ||
| Sale |
27,800 |
144.5659 AUD |
143.0600 AUD | |
70 | 82.5500 EUR | 82.5500 EUR |
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
ADR | Purchase | 150,000 | 81.2800 USD | 81.2000 USD |
|
|
| ||
| Sale |
300,000 |
81.2800 USD |
81.2000 USD | |
|
|
|
(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 | 598 | 60.0660 GBP |
74 | 60.0675 GBP | |||
1,503 | 60.0690 GBP | |||
37,471 | 60.1195 GBP | |||
595 | 60.1703 GBP | |||
370 | 60.2858 GBP | |||
295 | 60.2972 GBP | |||
125,764 | 60.3755 GBP | |||
32,531 | 60.4098 GBP | |||
42,456 | 60.4234 GBP | |||
80,607 | 60.4235 GBP | |||
197 | 60.4412 GBP | |||
12,309 | 60.4495 GBP | |||
Decrease Short | 76,907 | 60.0548 GBP | ||
13,664 | 60.0589 GBP | |||
5,600 | 60.0600 GBP | |||
730 | 60.1025 GBP | |||
11,416 | 60.2119 GBP | |||
797 | 60.2537 GBP | |||
407 | 60.3265 GBP | |||
8,051 | 60.3268 GBP | |||
1,562 | 60.3269 GBP | |||
479 | 60.3275 GBP | |||
488 | 60.3499 GBP | |||
106,211 | 60.3708 GBP | |||
9,167 | 60.3960 GBP | |||
3,145 | 60.4151 GBP | |||
699 | 60.5537 GBP | |||
424 | 60.5708 GBP | |||
129,838 | 60.5883 GBP | |||
61,314 | 60.6740 GBP | |||
61,369 | 60.6792 GBP | |||
1,482 | 60.7187 GBP | |||
5,031 | 60.7550 GBP | |||
67,423 | 61.0310 GBP | |||
2,400 | 81.6697 GBP | |||
Increase Long | 345 | 60.1729 GBP | ||
116 | 60.2696 GBP | |||
7,789 | 60.2711 GBP | |||
15 | 60.4740 GBP | |||
2,495 | 60.5310 GBP | |||
7,752 | 60.8986 GBP | |||
4,081 | 60.8987 GBP | |||
1,453 | 80.9989 GBP | |||
Increase Short | 642 | 60.2454 GBP | ||
2,327 | 60.4589 GBP | |||
2,532 | 60.5603 GBP | |||
658 | 60.5911 GBP | |||
1,634 | 60.6049 GBP | |||
9,000 | 60.6080 GBP | |||
5,031 | 60.7550 GBP | |||
15,000 | 81.0493 GBP | |||
Opening a long position | 15,257 | 60.2409 GBP | ||
1,635 | 60.4593 GBP | |||
18,829 | 60.7338 GBP | |||
Opening a short position | 15,778 | 60.0616 GBP | ||
657 | 60.2837 GBP | |||
33,625 | 60.3450 GBP | |||
19,286 | 60.3733 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) |
|
|
|
|
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
|
(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
|
| Date of disclosure: | 12 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