Form 8.5 (EPT/RI) - Glencore plc

JPMorgan Securities Plc

12 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:	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, 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	300	100.6300 ZAR	100.6300 ZAR
		30,392,939	4.5880 GBP	4.4059 GBP
	Sale	300	100.6300 ZAR	100.6300 ZAR
		30,462,535	4.5815 GBP	4.3975 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	21,643	4.4465 GBP
			3,192,000	4.4700 GBP
			10,571	4.4912 GBP
			28,355	4.5045 GBP
			1,393	4.5091 GBP
			52,134	4.5115 GBP
			19,390	4.5152 GBP
			1,887,157	4.5263 GBP
			1,174,517	4.5265 GBP
			378,725	4.5362 GBP
			777	4.5382 GBP
			22,988	4.5534 GBP
			19,000	5.2348 GBP
			80,594	6.0682 GBP
			31,714	100.7748 ZAR
			3,496	100.7831 ZAR
			1,860	100.9258 ZAR
			42,665	101.4705 ZAR
		Decrease Short	48,300	4.4255 GBP
			1,358	4.4380 GBP
			15,321	4.4528 GBP
			40,437	4.4621 GBP
			1,386,895	4.4709 GBP
			6,631	4.4806 GBP
			6,136	4.4812 GBP
			38,366	4.4831 GBP
			3,768	4.4854 GBP
			2,039	4.4909 GBP
			19,796	4.5024 GBP
			816	4.5031 GBP
			177,405	4.5093 GBP
			82,364	4.5166 GBP
			135,371	4.5196 GBP
			12,099	4.5197 GBP
			199,041	4.5202 GBP
			4,907	4.5207 GBP
			14,719	4.5234 GBP
			174,417	4.5237 GBP
			17,461	4.5256 GBP
			5,488	4.5261 GBP
			680,876	4.5263 GBP
			314,334	4.5264 GBP
			1,608	4.5280 GBP
			595	4.5307 GBP
			2,806	4.5318 GBP
			8,774	4.5363 GBP
			40,423	4.5368 GBP
			15,233	4.5397 GBP
			1,017,251	4.5422 GBP
			178,368	4.5429 GBP
			162,490	4.5473 GBP
			1,240	99.5052 ZAR
			9,884	100.5133 ZAR
			1,766	100.6518 ZAR
			25,207	100.6649 ZAR
			1,444	100.8200 ZAR
			1,173	100.8233 ZAR
			2,547	100.8393 ZAR
			1,730	100.9172 ZAR
			1,220	100.9708 ZAR
			416	101.2928 ZAR
			2,874	102.0386 ZAR
		Increase Long	1,502	4.4701 GBP
			367,862	4.4715 GBP
		371	4.4788 GBP
		1,148,560	4.5014 GBP
		24,755	4.5255 GBP
		31,592	4.5261 GBP
		153,882	4.5265 GBP
		342,710	4.5278 GBP
		67,572	4.5326 GBP
		14,226	4.5469 GBP
		1,948	4.5800 GBP
		1,413	100.3621 ZAR
		2	100.7300 ZAR
		16,001	100.8200 ZAR
		6,262	100.9150 ZAR
		53,521	101.6548 ZAR
	Increase Short	6,609	4.4134 GBP
		18,921	4.4331 GBP
		6,609	4.4351 GBP
		6,609	4.4468 GBP
		160,000	4.4578 GBP
		2,765	4.4629 GBP
		1,383	4.4662 GBP
		160,000	4.4672 GBP
		121,071	4.4801 GBP
		64,000	4.4832 GBP
		8,095	4.4900 GBP
		46,063	4.4951 GBP
		74,307	4.4962 GBP
		30,376	4.4969 GBP
		1,382	4.4991 GBP
		51,166	4.5082 GBP
		3,965	4.5114 GBP
		485,188	4.5151 GBP
		2,756	4.5157 GBP
		356,918	4.5205 GBP
		21,900	4.5215 GBP
		20,500	4.5227 GBP
		64,000	4.5239 GBP
		753	4.5267 GBP
		2,765	4.5409 GBP
		100,975	4.5451 GBP
		3,901	4.5506 GBP
		68,119	4.5537 GBP
		3,105	4.5545 GBP
		12,431	100.6002 ZAR
		2	100.7300 ZAR
		4,826	100.7776 ZAR
		1,436	101.3766 ZAR
	Opening a long position	8,250	100.0000 ZAR
		2,661	100.3133 ZAR
		31,754	101.9482 ZAR
	Opening a short position	345,994	4.5301 GBP
		2,036	99.5276 ZAR
		5,164	99.8623 ZAR
		2,633	100.6931 ZAR
		5,814	100.7786 ZAR
		3,482	100.9340 ZAR
		1,346	102.1131 ZAR
		33,046	102.3557 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:	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 [phone].

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

 

END