Form 8.5 (EPT/RI)-Glencore plc

JPMorgan Securities Plc

13 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:	12 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	1,470	102.9613 ZAR	100.9000 ZAR
		19,559,996	4.6875 GBP	4.5355 GBP
	Sale	741,199	103.0950 ZAR	93.6000 ZAR
		18,883,374	4.6850 GBP	3.3345 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	11,882	4.5797 GBP
			72,984	4.5914 GBP
			36,315	4.6069 GBP
			3,773	4.6076 GBP
			217,139	4.6102 GBP
			57,822	4.6145 GBP
			804	4.6470 GBP
			918,619	4.6494 GBP
			38,005	4.6514 GBP
			1,829	4.6537 GBP
			379	4.6539 GBP
			1,369	4.6621 GBP
			770	4.6739 GBP
			269	4.6743 GBP
			1,281	4.6802 GBP
			387,110	4.6850 GBP
			83,209	6.2546 GBP
			26,573	102.0107 ZAR
			4,709	102.1934 ZAR
			7,247	102.8977 ZAR
			9,499	103.3484 ZAR
			448	103.6954 ZAR
			1,919	103.8100 ZAR
		Decrease Short	1,573	4.5799 GBP
			1,294	4.5852 GBP
			1,299	4.6025 GBP
			9,791	4.6079 GBP
			1,363	4.6346 GBP
			261,633	4.6393 GBP
			8,680	4.6409 GBP
			16,376	4.6429 GBP
			149,700	4.6442 GBP
			399,531	4.6454 GBP
			545,460	4.6458 GBP
			834,957	4.6498 GBP
			216,721	4.6558 GBP
			10,819	4.6581 GBP
			50,882	4.6629 GBP
			8,411	4.6659 GBP
			86,390	4.6689 GBP
			127,999	4.6747 GBP
			25,855	4.6784 GBP
			25,699	4.6792 GBP
			143,000	4.6802 GBP
			732	4.6805 GBP
			326,164	4.6807 GBP
			134,400	4.6813 GBP
			13,492	4.6822 GBP
			168,456	4.6823 GBP
			198,105	4.6827 GBP
			2,765	4.6845 GBP
			431	4.6848 GBP
			565,312	4.6849 GBP
			7,424	100.5659 ZAR
			8,632	101.3221 ZAR
			4,709	102.1935 ZAR
			17,941	102.3421 ZAR
			1	102.4250 ZAR
			1	102.4352 ZAR
			81,493	102.5399 ZAR
			31	102.6600 ZAR
			6,201	102.8891 ZAR
			1,046	102.9485 ZAR
			20	103.0950 ZAR
		9,499	103.3484 ZAR
		2,315	103.8100 ZAR
	Increase Long	162,152	4.5742 GBP
		57,857	4.5955 GBP
		14,969	4.6052 GBP
		9,018	4.6183 GBP
		42,987	4.6316 GBP
		166,000	4.6491 GBP
		64,406	4.6573 GBP
		892,199	4.6805 GBP
		341,583	4.6837 GBP
		2,249	4.6850 GBP
		8,075	101.8099 ZAR
		5,850	101.8524 ZAR
		482	102.2100 ZAR
		2,343	102.3475 ZAR
		1	103.5165 ZAR
	Increase Short	61,697	4.5805 GBP
		7,537	4.5814 GBP
		4,013,503	4.6140 GBP
		8,676	4.6189 GBP
		12,507	4.6328 GBP
		91,081	4.6567 GBP
		5,397	4.6676 GBP
		732	4.6687 GBP
		486,346	4.6698 GBP
		1,915	4.6795 GBP
		5,453	4.6803 GBP
		5,877	4.6835 GBP
		15,417	4.6844 GBP
		73,964	4.6848 GBP
		7,424	100.5860 ZAR
		4,284	101.7284 ZAR
		3,113	101.7462 ZAR
		8,075	101.8099 ZAR
		10,057	101.8190 ZAR
		1,561	101.8894 ZAR
		1,176	102.0895 ZAR
		4,043	102.1321 ZAR
		482	102.2100 ZAR
		2,343	102.3475 ZAR
		24,269	102.4220 ZAR
		1	102.4352 ZAR
		31,404	102.9645 ZAR
		7,436	103.0209 ZAR
		1	103.5300 ZAR
	Opening a short position	310,007	4.6451 GBP
		95,248	4.6628 GBP
		84,324	4.6694 GBP
		41,438	4.6864 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:	13 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