Form 8.5 (EPT/RI) - Glencore plc

JPMorgan Securities Plc

19 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:	16 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	64	108.9800 ZAR	105.1800 ZAR
		7,600,183	4.8840 GBP	4.6000 GBP
	Sale	64	105.2394 ZAR	105.2394 ZAR
		8,135,092	4.8805 GBP	4.7580 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	65,436	4.7860 GBP
			487,420	4.7880 GBP
			9,003	4.8056 GBP
			88,066	4.8110 GBP
			25,901	4.8122 GBP
			1,052	4.8155 GBP
			1,954	4.8166 GBP
			3,267	4.8182 GBP
			31,264	4.8325 GBP
			16,331	4.8382 GBP
			5,881	105.4262 ZAR
			263	105.4500 ZAR
			3,725	105.5817 ZAR
			9,605	105.8733 ZAR
			11,065	106.0290 ZAR
		Decrease Short	2,765	4.7724 GBP
			11,210	4.7803 GBP
			324,365	4.7851 GBP
			128,900	4.7856 GBP
			25,834	4.7857 GBP
			312	4.7858 GBP
			5,308	4.7859 GBP
			24,223	4.7861 GBP
			416	4.7876 GBP
			196,999	4.7878 GBP
			10,209	4.7936 GBP
			11,993	4.7986 GBP
			12,984	4.7993 GBP
			5,853	4.7996 GBP
			27,910	4.8039 GBP
			54,600	4.8044 GBP
			17,091	4.8103 GBP
			2,230	4.8159 GBP
			8,153	4.8179 GBP
			153,982	4.8236 GBP
			218,454	4.8259 GBP
			34,013	4.8371 GBP
			1,825	105.4009 ZAR
			358	105.4106 ZAR
			5,881	105.4262 ZAR
			263	105.4500 ZAR
			450	105.4900 ZAR
			3,956	105.5277 ZAR
			1,346	105.8115 ZAR
			1,972	105.8130 ZAR
			69	105.9800 ZAR
			11,065	106.0290 ZAR
			104	106.1000 ZAR
			3,250	106.3168 ZAR
		Increase Long	2,216	4.7767 GBP
			3,159	4.7791 GBP
			52,985	4.7860 GBP
			54,962	4.7991 GBP
			27,896	4.8095 GBP
			43,105	4.8131 GBP
			325	4.8144 GBP
			644,407	4.8360 GBP
			32,691	105.3908 ZAR
			4,825	105.5329 ZAR
			2,362	105.7765 ZAR
			8,426	105.9046 ZAR
			20,976	105.9343 ZAR
			840	106.0291 ZAR
		Increase Short	1,414	4.7779 GBP
		2,492	4.7808 GBP
		833	4.7809 GBP
		4,461	4.7840 GBP
		196,053	4.7841 GBP
		1,385	4.7852 GBP
		27,639	4.7859 GBP
		1,087	4.7862 GBP
		1,502	4.7865 GBP
		6,746	4.7874 GBP
		682	4.7883 GBP
		10,468	4.7927 GBP
		77,038	4.7930 GBP
		5,877	4.7997 GBP
		6,746	4.8051 GBP
		13,560	4.8062 GBP
		318	4.8162 GBP
		323,606	4.8185 GBP
		2,617	4.8207 GBP
		1,296	4.8236 GBP
		7,092	4.8339 GBP
		1,846	4.8447 GBP
		13,491	4.8475 GBP
		6,746	4.8478 GBP
		386,036	4.8484 GBP
		1,051	105.2800 ZAR
		31,015	105.3985 ZAR
		1,171	105.4000 ZAR
		1,514	105.4729 ZAR
		306	105.5150 ZAR
		3,187	105.5557 ZAR
		15,139	105.7504 ZAR
		2,362	105.7765 ZAR
		8,426	105.9046 ZAR
		162	105.9100 ZAR
		840	106.0291 ZAR
		161	106.0800 ZAR
		4,786	106.7526 ZAR
	Opening a short position	109,794	6.4353 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:	19 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