Form 8.5 (EPT/RI)-Glencore plc

JPMorgan Securities Plc

16 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:	15 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 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	10,114	106.9978 ZAR	106.3274 ZAR
		13,098,438	4.9335 GBP	4.8055 GBP
	Sale	2,872,168	107.4200 ZAR	106.3274 ZAR
		16,769,264	4.9345 GBP	4.8090 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	4,440	4.8639 GBP
			1,012	4.8700 GBP
			16,582	4.8831 GBP
			8,163	4.9014 GBP
			179,201	4.9045 GBP
			555	4.9072 GBP
			125,725	4.9100 GBP
			1	4.9101 GBP
			76,545	4.9109 GBP
			167,972	4.9124 GBP
			761	4.9134 GBP
			10,145	106.5776 ZAR
			11,159	107.2218 ZAR
			32,302	107.2805 ZAR
			3,662	107.3126 ZAR
			18,092	107.4319 ZAR
		Decrease Short	68,963	4.8308 GBP
			640,791	4.8341 GBP
			68,300	4.8555 GBP
			22,338	4.8583 GBP
			2,843	4.8706 GBP
			46,893	4.8713 GBP
			53,608	4.8767 GBP
			14,822	4.8789 GBP
			143,500	4.8889 GBP
			38,300	4.8896 GBP
			50,000	4.8897 GBP
			442,619	4.8927 GBP
			6,734	4.8929 GBP
			1,273,253	4.8993 GBP
			216,813	4.9020 GBP
			29,685	4.9030 GBP
			80,465	4.9063 GBP
			24,881	4.9066 GBP
			26,009	4.9068 GBP
			39,136	4.9079 GBP
			5,606	4.9096 GBP
			1	4.9098 GBP
			1,380,449	4.9100 GBP
			13,492	4.9131 GBP
			5,050	4.9148 GBP
			13,491	4.9212 GBP
			2,765	4.9230 GBP
			1,680	106.4859 ZAR
			4,264	106.5113 ZAR
			5,881	106.6257 ZAR
			2,077	106.8645 ZAR
			2,500	107.1815 ZAR
			28,149	107.2464 ZAR
			3,662	107.3126 ZAR
			2,408	107.3646 ZAR
			5,399	107.4036 ZAR
			18,092	107.4319 ZAR
			780	107.5300 ZAR
			2,003	107.6000 ZAR
			1,653	107.9909 ZAR
			770	108.0800 ZAR
			770	108.3300 ZAR
		Increase Long	77,600	4.8437 GBP
			51,137	4.8441 GBP
			65,362	4.8706 GBP
			34,990	4.8707 GBP
			28,441	4.8988 GBP
			235,598	4.9035 GBP
		298	4.9079 GBP
		10,654	4.9302 GBP
		239	106.4400 ZAR
		23,336	106.8002 ZAR
		63,313	107.3061 ZAR
		11,549	107.4304 ZAR
		17,615	107.5545 ZAR
		31,562	107.6251 ZAR
	Increase Short	10,830	4.8228 GBP
		23,824	4.8691 GBP
		640	4.8712 GBP
		16,535	4.8874 GBP
		416	4.9033 GBP
		12,051	4.9038 GBP
		4,193	4.9102 GBP
		5	4.9105 GBP
		65,652	4.9107 GBP
		3	4.9110 GBP
		13,491	4.9130 GBP
		1,097	4.9180 GBP
		92	4.9188 GBP
		239	106.4400 ZAR
		2,663	106.5001 ZAR
		6,274	106.5458 ZAR
		13,833	106.9240 ZAR
		69,128	107.3200 ZAR
		4,522	107.4035 ZAR
		17,615	107.5545 ZAR
		27,110	107.6232 ZAR
		4,728	107.6678 ZAR
		3,194	107.7183 ZAR
		802	107.9350 ZAR
		1,258	107.9694 ZAR
		566	108.0500 ZAR
		205	108.2700 ZAR
		205	108.3400 ZAR
	Opening a long position	5,919	107.7373 ZAR
	Opening a short position	5,919	107.7373 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:	16 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