Form 8.5 (EPT/RI)-Glencore plc

JPMorgan Securities Plc

14 January 2026

 

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	Glencore plc
(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:	13 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, Rio Tinto plc and Rio Tinto Limited

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 NPV	Purchase	949	103.5700 ZAR	103.5700 ZAR
		9,956,348	4.7080 GBP	4.6200 GBP
	Sale	1,367,689	103.5700 ZAR	103.0481 ZAR
		9,470,307	4.7039 GBP	4.6220 GBP

(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 NPV	Equity Swap	Decrease Long	3,987	4.6417 GBP
			87,555	4.6497 GBP
			1,764	4.6577 GBP
			1,221	4.6854 GBP
			1,490	4.6913 GBP
			1,828	4.6954 GBP
			3,287	4.7009 GBP
			282,564	4.7020 GBP
			98,751	4.7021 GBP
			3,076	4.7025 GBP
			97,163	6.2722 GBP
			17,418	102.5793 ZAR
			229	102.9429 ZAR
			1,572	103.0300 ZAR
			30,839	103.0716 ZAR
			61,076	103.1300 ZAR
			23,822	103.1434 ZAR
		Decrease Short	3,248	4.6268 GBP
			2,443	4.6344 GBP
			54,730	4.6444 GBP
			25	4.6469 GBP
			2,022	4.6487 GBP
			70,670	4.6492 GBP
			46,878	4.6499 GBP
			471	4.6509 GBP
			170,880	4.6514 GBP
			24,738	4.6569 GBP
			311,884	4.6613 GBP
			29,417	4.6675 GBP
			61,000	4.6682 GBP
			208,900	4.6727 GBP
			56	4.6758 GBP
			601	4.6815 GBP
			48,616	4.6832 GBP
			52,776	4.6848 GBP
			1,100	4.6854 GBP
			17,004	4.6896 GBP
			18,674	4.6902 GBP
			5,662	4.6926 GBP
			13,492	4.6992 GBP
			438,569	4.7012 GBP
			409	4.7018 GBP
			4,077	102.4269 ZAR
			428	102.4626 ZAR
			9,962	102.5686 ZAR
			315	102.5919 ZAR
			1,986	102.8577 ZAR
			38,368	102.8655 ZAR
			650	102.8900 ZAR
			204	102.9200 ZAR
			1,572	103.0300 ZAR
			30,839	103.0716 ZAR
			61,076	103.1279 ZAR
			23,847	103.1300 ZAR
		Increase Long	819	4.6509 GBP
			13,215	4.6540 GBP
			26,623	4.6761 GBP
			672	4.6769 GBP
			371,740	4.6975 GBP
			786	102.7800 ZAR
			2,220	102.8033 ZAR
			317	103.1038 ZAR
			3,249	103.1057 ZAR
			1,208	103.3149 ZAR
			45,353	103.3948 ZAR
		Increase Short	1,093	4.6315 GBP
			201,684	4.6363 GBP
			21,336	4.6411 GBP
			14,050	4.6470 GBP
			6,965	4.6509 GBP
			3,639	4.6532 GBP
			17,537	4.6546 GBP
			36,151	4.6563 GBP
			8,095	4.6572 GBP
			61,435	4.6578 GBP
			10,000	4.6604 GBP
			48,106	4.6657 GBP
			277,211	4.6722 GBP
			29,842	4.7016 GBP
			4,138	4.7022 GBP
			1,531	4.7026 GBP
			3,129	102.4601 ZAR
			540	102.5167 ZAR
			1,128	102.5184 ZAR
			2,422	102.5732 ZAR
			12,652	102.6631 ZAR
			14	102.6829 ZAR
			2,892	102.7256 ZAR
			8,919	102.7664 ZAR
			786	102.7800 ZAR
			6	102.7900 ZAR
			9,843	102.8504 ZAR
			608	102.8822 ZAR
			266	103.0550 ZAR
			7,213	103.1015 ZAR
			3,249	103.1057 ZAR
			1,541	103.1300 ZAR
			8,226	103.1422 ZAR
			144	103.1800 ZAR
			750	103.1900 ZAR
			2,053	103.2413 ZAR
			1,208	103.3149 ZAR
			408	103.9100 ZAR
			23,504	103.9475 ZAR
		Opening a long position	160,344	4.6293 GBP
			31,676	102.8862 ZAR
			23,039	102.8959 ZAR
		Opening a short position	160,344	4.7020 GBP
			31,676	102.8862 ZAR
			23,039	102.8959 ZAR

(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:	14 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 [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END