Form 8.5 (EPT/RI) - Glencore PLC

UBS AG (EPT)

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:	UBS Investment Bank, London
(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:	Rio Tinto plc
(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

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	Buy	11493562	103.81000        ZAR	4.22800        GBP
Ordinary NPV	Sell	19745952	103.81000        ZAR	3.665148        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	CFD	Long	436	4.61300458715596        GBP
Ordinary NPV	CFD	Long	459	4.66250544662309        GBP
Ordinary NPV	CFD	Long	26991	102.2199        ZAR
Ordinary NPV	CFD	Long	440	4.68406818181818        GBP
Ordinary NPV	CFD	Long	9	4.68444444444444        GBP
Ordinary NPV	CFD	Long	14799	4.6444        GBP
Ordinary NPV	CFD	Long	24670	4.6636668        GBP
Ordinary NPV	CFD	Long	14623	4.6849996580729        GBP
Ordinary NPV	CFD	Long	78139	4.68499993601147        GBP
Ordinary NPV	CFD	Long	347100	4.60176257562662        GBP
Ordinary NPV	CFD	Long	128669	4.68007818511063        GBP
Ordinary NPV	CFD	Long	131	4.68419847328244        GBP
Ordinary NPV	CFD	Long	10000	4.65275        GBP
Ordinary NPV	CFD	Long	232000	4.60131599        GBP
Ordinary NPV	CFD	Long	100000	4.656872        GBP
Ordinary NPV	CFD	Long	300155	4.65958795        GBP
Ordinary NPV	CFD	Long	33114	4.64675301802863        GBP
Ordinary NPV	CFD	Long	517	4.66249516441006        GBP
Ordinary NPV	CFD	Long	120	4.613        GBP
Ordinary NPV	CFD	Long	1343	4.6625018615041        GBP
Ordinary NPV	CFD	Long	99870	4.6498        GBP
Ordinary NPV	CFD	Long	695	4.649736        GBP
Ordinary NPV	CFD	Long	18627	4.68406345627315        GBP
Ordinary NPV	CFD	Long	423	4.68406619385343        GBP
Ordinary NPV	CFD	Long	136736	103.1174        ZAR
Ordinary NPV	CFD	Long	1	102.4352        ZAR
Ordinary NPV	CFD	Long	67125	102.79418637        ZAR
Ordinary NPV	CFD	Long	5542	102.43311711        ZAR
Ordinary NPV	CFD	Long	66729	103.2481        ZAR
Ordinary NPV	CFD	Long	337	102.3042        ZAR
Ordinary NPV	CFD	Long	10667	102.916057        ZAR
Ordinary NPV	CFD	Long	219198	4.650684        GBP
Ordinary NPV	CFD	Long	3083	4.66170017        GBP
Ordinary NPV	CFD	Long	2248185	4.63928726        GBP
Ordinary NPV	CFD	Long	1016	4.66160016        GBP
Ordinary NPV	CFD	Long	325837	101.9945358        ZAR
Ordinary NPV	CFD	Long	6706	4.6675        GBP
Ordinary NPV	CFD	Long	2502	4.6595        GBP
Ordinary NPV	CFD	Long	2283	4.684        GBP
Ordinary NPV	CFD	Long	7667	4.6845        GBP
Ordinary NPV	CFD	Long	61365	4.671226        GBP
Ordinary NPV	CFD	Long	10602	4.647331        GBP
Ordinary NPV	CFD	Long	5655	4.585179        GBP
Ordinary NPV	CFD	Long	23320	4.63095        GBP
Ordinary NPV	CFD	Long	7858	4.67068        GBP
Ordinary NPV	CFD	Long	995	4.61949749        GBP
Ordinary NPV	CFD	Long	601	4.608435        GBP
Ordinary NPV	CFD	Long	11917	4.6443479        GBP
Ordinary NPV	CFD	Long	52734	4.650685        GBP
Ordinary NPV	CFD	Long	229	4.66248908296943        GBP
Ordinary NPV	CFD	Long	34	4.61294117647059        GBP
Ordinary NPV	CFD	Long	1297	4.66249807247494        GBP
Ordinary NPV	CFD	Long	191	4.61298429319372        GBP
Ordinary NPV	CFD	Long	1995	4.66250125313283        GBP
Ordinary NPV	CFD	Long	156	4.61301282051282        GBP
Ordinary NPV	CFD	Long	2819	4.6625008868393        GBP
Ordinary NPV	CFD	Short	37103	102.953308        ZAR
Ordinary NPV	CFD	Short	66729	103.2481        ZAR
Ordinary NPV	CFD	Short	337	102.3042        ZAR
Ordinary NPV	CFD	Short	67125	102.79418637        ZAR
Ordinary NPV	CFD	Short	169975	6.26249511        USD
Ordinary NPV	CFD	Short	45146	4.685        GBP
Ordinary NPV	CFD	Short	2591	4.68499807024315        GBP
Ordinary NPV	CFD	Short	57500	4.64452469565217        GBP
Ordinary NPV	CFD	Short	7000	4.66057143        GBP
Ordinary NPV	CFD	Short	692342	4.63181645        GBP
Ordinary NPV	CFD	Short	33876	4.576028        GBP
Ordinary NPV	CFD	Short	4940	4.59493413        GBP
Ordinary NPV	CFD	Short	73154	4.68485        GBP
Ordinary NPV	CFD	Short	5542	102.43311711        ZAR
Ordinary NPV	CFD	Short	325837	101.9945358        ZAR
Ordinary NPV	CFD	Short	26991	102.2199        ZAR
Ordinary NPV	CFD	Short	2654	4.673163        GBP
Ordinary NPV	CFD	Short	41743	103.335706        ZAR
Ordinary NPV	CFD	Short	16393	103.348442        ZAR
Ordinary NPV	CFD	Short	41497	102.953223        ZAR
Ordinary NPV	CFD	Short	1	102.435243        ZAR
Ordinary NPV	CFD	Short	75213	4.678958        GBP
Ordinary NPV	CFD	Short	4205	4.677248        GBP
Ordinary NPV	CFD	Short	2261	4.685089        GBP
Ordinary NPV	CFD	Short	1744	4.676123        GBP
Ordinary NPV	CFD	Short	413	4.672576        GBP
Ordinary NPV	CFD	Short	38280	4.682432        GBP
Ordinary NPV	CFD	Short	15718	4.671932        GBP
Ordinary NPV	CFD	Short	10667	102.916057        ZAR
Ordinary NPV	CFD	Short	43460	4.645539        GBP
Ordinary NPV	CFD	Short	1644	4.58892944        GBP
Ordinary NPV	CFD	Short	1000	4.610506        GBP
Ordinary NPV	CFD	Short	830	4.634446        GBP
Ordinary NPV	CFD	Short	707	4.59861386        GBP
Ordinary NPV	CFD	Short	493	4.60655758        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
Ordinary NPV	Put	Purchasing	750000	4.6        GBP	American	20 March 2026	0.2475        GBP
Ordinary NPV	Call	Purchasing	1500000	4.8        GBP	American	19 June 2026	0.2875        GBP
Ordinary NPV	Call	Purchasing	1500000	4.8        GBP	American	20 March 2026	0.2        GBP
Ordinary NPV	Call	Selling	300000	4.651        GBP	American	18 June 2027	0.48689        GBP
Ordinary NPV	Put	Purchasing	750000	4.6        GBP	American	19 June 2026	0.3425        GBP
Ordinary NPV	Put	Purchasing	750000	4.6        GBP	American	20 February 2026	0.205        GBP
Ordinary NPV	Put	Selling	300000	3.805        GBP	American	18 June 2027	0.38111        GBP
Ordinary NPV	Call	Selling	1500000	4.8        GBP	American	19 June 2026	0.2875        GBP
Ordinary NPV	Call	Selling	1500000	4.8        GBP	American	20 March 2026	0.2        GBP
Ordinary NPV	Put	Selling	750000	4.6        GBP	American	20 February 2026	0.205        GBP
Ordinary NPV	Put	Purchasing	300000	3.805        GBP	American	18 June 2027	0.38111        GBP
Ordinary NPV	Call	Purchasing	300000	4.651        GBP	American	18 June 2027	0.48689        GBP
Ordinary NPV	Put	Selling	750000	4.6        GBP	American	20 March 2026	0.2475        GBP
Ordinary NPV	Put	Selling	750000	4.6        GBP	American	19 June 2026	0.3425        GBP

(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:	Richard Howard
Telephone number:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]

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