Form 8.5 (EPT/RI)-Glencore plc

JPMorgan Securities Plc

15 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:	14 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	1,000	103.0000 ZAR	103.0000 ZAR
		20,656,318	4.8493 GBP	4.7575 GBP
		1,000	5.5980 EUR	5.5980 EUR
	Sale	7,331,960	106.2885 ZAR	103.0000 ZAR
		14,898,693	4.8535 GBP	4.7594 GBP
		1,000	5.5980 EUR	5.5980 EUR

(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	23,221	4.7848 GBP
			3,326	4.8042 GBP
			33,800	4.8157 GBP
			2,611	4.8173 GBP
			2,338	4.8221 GBP
			2,282	4.8289 GBP
			220,515	4.8420 GBP
			120,993	4.8435 GBP
			53,745	6.4842 GBP
			1,013	105.4864 ZAR
			8,029	105.9642 ZAR
			98,016	106.2940 ZAR
			365	106.6800 ZAR
			740	106.8159 ZAR
			32,216	106.9739 ZAR
		Decrease Short	25,429	4.7808 GBP
			16	4.7954 GBP
			3,785	4.8027 GBP
			988,960	4.8033 GBP
			117,320	4.8128 GBP
			17,608	4.8212 GBP
			43,300	4.8221 GBP
			13,744	4.8227 GBP
			21,300	4.8234 GBP
			109,900	4.8280 GBP
			265,065	4.8301 GBP
			13,492	4.8331 GBP
			50,502	4.8359 GBP
			8,557	4.8364 GBP
			2,268	4.8368 GBP
			341	4.8390 GBP
			2,765	4.8394 GBP
			7,641	4.8396 GBP
			58,413	4.8404 GBP
			6,391	4.8411 GBP
			37,103	4.8418 GBP
			1,659	4.8428 GBP
			1,229	4.8482 GBP
			2,462	103.6781 ZAR
			6,018	105.3483 ZAR
			1,013	105.4864 ZAR
			820	105.5500 ZAR
			18,025	105.6308 ZAR
			55,303	105.7021 ZAR
			6,299	106.0112 ZAR
			2,252	106.2131 ZAR
			1,117	106.2159 ZAR
			1,640	106.3944 ZAR
			20,765	106.4432 ZAR
			1,010	106.5400 ZAR
			870	106.6100 ZAR
			980	106.6200 ZAR
			6,194	106.7360 ZAR
			5,826	106.7615 ZAR
			30,175	106.8703 ZAR
			32,216	106.9600 ZAR
		Increase Long	166,000	4.7719 GBP
			931,553	4.7834 GBP
			152,931	4.7909 GBP
			54,093	4.8034 GBP
			250,000	4.8050 GBP
			49,103	4.8090 GBP
			25,130	4.8298 GBP
			262	4.8334 GBP
		38,087	4.8402 GBP
		183,049	4.8420 GBP
		105,000	4.8431 GBP
		8,204	105.7361 ZAR
		4,359	105.8913 ZAR
		62,341	106.0288 ZAR
		13,860	106.2257 ZAR
		4,257	106.9282 ZAR
	Increase Short	6,433	4.7868 GBP
		24,154	4.7986 GBP
		34,915	4.8017 GBP
		26,638	4.8088 GBP
		4,547	4.8128 GBP
		184,433	4.8146 GBP
		843	4.8150 GBP
		794	4.8239 GBP
		55,030	4.8275 GBP
		791	4.8392 GBP
		13,697	4.8394 GBP
		277,159	4.8399 GBP
		199,458	4.8420 GBP
		1,887	4.8422 GBP
		801	4.8425 GBP
		459	4.8475 GBP
		594	4.8497 GBP
		5,082	104.6382 ZAR
		5,816	104.6625 ZAR
		22,739	105.2107 ZAR
		10,684	105.5040 ZAR
		13,277	105.5241 ZAR
		1,740	105.5939 ZAR
		4,359	105.8913 ZAR
		2,397	105.9978 ZAR
		1,820	106.0079 ZAR
		6,735	106.0446 ZAR
		3,381	106.2655 ZAR
		5,318	106.3391 ZAR
		6,437	106.3443 ZAR
		7,507	106.6662 ZAR
		25,748	106.7344 ZAR
		2,801	106.8090 ZAR
		1,203	106.8342 ZAR
		1,396	106.9556 ZAR
	Opening a long position	53,183	106.7026 ZAR
		1,693	106.7051 ZAR
	Opening a short position	33,974	4.8420 GBP
		53,183	106.7026 ZAR
		1,693	106.7051 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:	15 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