Form 8.5 (EPT/RI) - Glencore PLC

UBS AG (EPT)

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:	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:	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

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	17089449	106.96000        ZAR	3.67190        GBP
Ordinary NPV	Sell	12182754	106.94980        ZAR	4.75756        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	941	4.8385        GBP
Ordinary NPV	CFD	Long	100	4.80375        GBP
Ordinary NPV	CFD	Long	300	4.8005        GBP
Ordinary NPV	CFD	Long	468	4.7935        GBP
Ordinary NPV	CFD	Long	619	4.7835        GBP
Ordinary NPV	CFD	Long	251	4.78725        GBP
Ordinary NPV	CFD	Long	925	4.7955        GBP
Ordinary NPV	CFD	Long	372	4.7985        GBP
Ordinary NPV	CFD	Long	520	4.79525        GBP
Ordinary NPV	CFD	Long	252	4.79375        GBP
Ordinary NPV	CFD	Long	490	4.794        GBP
Ordinary NPV	CFD	Long	300	4.79475        GBP
Ordinary NPV	CFD	Long	490	4.7865        GBP
Ordinary NPV	CFD	Long	138	4.7885        GBP
Ordinary NPV	CFD	Long	5000	4.7735        GBP
Ordinary NPV	CFD	Long	192	4.7695        GBP
Ordinary NPV	CFD	Long	2998	4.774        GBP
Ordinary NPV	CFD	Long	120	4.77175        GBP
Ordinary NPV	CFD	Long	127	4.7745        GBP
Ordinary NPV	CFD	Long	374	4.7785        GBP
Ordinary NPV	CFD	Long	222	4.77125        GBP
Ordinary NPV	CFD	Long	257	4.77525        GBP
Ordinary NPV	CFD	Long	93	4.77625        GBP
Ordinary NPV	CFD	Long	3550	4.77725        GBP
Ordinary NPV	CFD	Long	282	4.78        GBP
Ordinary NPV	CFD	Long	478	4.777        GBP
Ordinary NPV	CFD	Long	478	4.7755        GBP
Ordinary NPV	CFD	Long	95	4.77425        GBP
Ordinary NPV	CFD	Long	86	4.7575        GBP
Ordinary NPV	CFD	Long	587	4.787        GBP
Ordinary NPV	CFD	Long	316	4.798        GBP
Ordinary NPV	CFD	Long	358	4.796        GBP
Ordinary NPV	CFD	Long	935	4.79625        GBP
Ordinary NPV	CFD	Long	4285	4.7605        GBP
Ordinary NPV	CFD	Long	316	4.84925        GBP
Ordinary NPV	CFD	Long	1720	4.8335        GBP
Ordinary NPV	CFD	Long	317605	4.842        GBP
Ordinary NPV	CFD	Long	269	4.843        GBP
Ordinary NPV	CFD	Long	191	4.8445        GBP
Ordinary NPV	CFD	Long	21018	4.80927        GBP
Ordinary NPV	CFD	Long	674	4.8159398        GBP
Ordinary NPV	CFD	Long	36303	4.84103159518497        GBP
Ordinary NPV	CFD	Long	7560	4.841649        GBP
Ordinary NPV	CFD	Long	65860	4.84103158214394        GBP
Ordinary NPV	CFD	Long	12033	106.09695005        ZAR
Ordinary NPV	CFD	Long	38005	106.30165241        ZAR
Ordinary NPV	CFD	Long	53183	106.7026        ZAR
Ordinary NPV	CFD	Long	64404	105.82419834        ZAR
Ordinary NPV	CFD	Long	10858	105.5337        ZAR
Ordinary NPV	CFD	Long	1867	105.9719        ZAR
Ordinary NPV	CFD	Long	15850	106.949787        ZAR
Ordinary NPV	CFD	Long	1693	106.705117        ZAR
Ordinary NPV	CFD	Long	75392	105.43        ZAR
Ordinary NPV	CFD	Long	218791	4.78081222        GBP
Ordinary NPV	CFD	Long	164	4.83859986        GBP
Ordinary NPV	CFD	Long	3605	105.42044105        ZAR
Ordinary NPV	CFD	Long	81	4.838        GBP
Ordinary NPV	CFD	Long	252	4.826        GBP
Ordinary NPV	CFD	Long	263	4.83975        GBP
Ordinary NPV	CFD	Long	308	4.8465        GBP
Ordinary NPV	CFD	Long	2566	4.83475        GBP
Ordinary NPV	CFD	Long	106	4.84425        GBP
Ordinary NPV	CFD	Long	61	4.8395        GBP
Ordinary NPV	CFD	Long	1856	4.8345        GBP
Ordinary NPV	CFD	Long	191	4.828        GBP
Ordinary NPV	CFD	Long	478	4.84        GBP
Ordinary NPV	CFD	Long	472	4.845        GBP
Ordinary NPV	CFD	Long	612	4.833        GBP
Ordinary NPV	CFD	Long	181	4.833251        GBP
Ordinary NPV	CFD	Long	124	4.84025        GBP
Ordinary NPV	CFD	Long	236	4.8415        GBP
Ordinary NPV	CFD	Long	330	4.82825        GBP
Ordinary NPV	CFD	Long	139	4.8435        GBP
Ordinary NPV	CFD	Long	224	4.8455        GBP
Ordinary NPV	CFD	Long	273	4.83775        GBP
Ordinary NPV	CFD	Long	4782	4.84375        GBP
Ordinary NPV	CFD	Long	392	4.85        GBP
Ordinary NPV	CFD	Long	264	4.834        GBP
Ordinary NPV	CFD	Long	471568	4.812015        GBP
Ordinary NPV	CFD	Long	100	4.79925        GBP
Ordinary NPV	CFD	Long	316	4.79725        GBP
Ordinary NPV	CFD	Long	210	4.85352380952381        GBP
Ordinary NPV	CFD	Long	162	4.78549382716049        GBP
Ordinary NPV	CFD	Long	140	4.806        GBP
Ordinary NPV	CFD	Long	137	4.78547445255474        GBP
Ordinary NPV	CFD	Long	128	4.77703125        GBP
Ordinary NPV	CFD	Long	799	4.80599499374218        GBP
Ordinary NPV	CFD	Long	786	4.78549618320611        GBP
Ordinary NPV	CFD	Long	746	4.77699731903485        GBP
Ordinary NPV	CFD	Long	1200	4.8535        GBP
Ordinary NPV	CFD	Long	911	4.78549945115258        GBP
Ordinary NPV	CFD	Long	1841	4.85349809885932        GBP
Ordinary NPV	CFD	Long	1445	4.78550173010381        GBP
Ordinary NPV	CFD	Long	1226	4.78549755301794        GBP
Ordinary NPV	CFD	Long	1222	4.80599836333879        GBP
Ordinary NPV	CFD	Long	1149	4.77699738903394        GBP
Ordinary NPV	CFD	Long	343	4.78551020408163        GBP
Ordinary NPV	CFD	Long	341	4.77700879765396        GBP
Ordinary NPV	CFD	Long	329	4.80598784194529        GBP
Ordinary NPV	CFD	Long	517	4.85350096711799        GBP
Ordinary NPV	CFD	Long	396	4.78550505050505        GBP
Ordinary NPV	CFD	Long	2593	4.85350173544157        GBP
Ordinary NPV	CFD	Long	1982	4.78549949545913        GBP
Ordinary NPV	CFD	Long	1723	4.80599535693558        GBP
Ordinary NPV	CFD	Long	1713	4.78549912434326        GBP
Ordinary NPV	CFD	Long	1616	4.77699876237624        GBP
Ordinary NPV	CFD	Long	4489	106.0028        ZAR
Ordinary NPV	CFD	Long	739677	4.839861        GBP
Ordinary NPV	CFD	Long	123426	4.830268        GBP
Ordinary NPV	CFD	Long	35534	4.821125        GBP
Ordinary NPV	CFD	Long	2735	4.84094        GBP
Ordinary NPV	CFD	Long	246400	4.79185101461039        GBP
Ordinary NPV	CFD	Long	161185	4.782        GBP
Ordinary NPV	CFD	Long	85178	4.81448044        GBP
Ordinary NPV	CFD	Long	350	4.78551428571429        GBP
Ordinary NPV	CFD	Long	289	4.77698961937716        GBP
Ordinary NPV	CFD	Long	309	4.80598705501618        GBP
Ordinary NPV	CFD	Long	14593	4.82044938987186        GBP
Ordinary NPV	CFD	Long	465	4.85350537634409        GBP
Ordinary NPV	CFD	Long	301	4.78551495016611        GBP
Ordinary NPV	CFD	Long	1324	4.85349697885196        GBP
Ordinary NPV	CFD	Long	975	4.78549743589744        GBP
Ordinary NPV	CFD	Long	880	4.7855        GBP
Ordinary NPV	CFD	Long	866	4.77699769053118        GBP
Ordinary NPV	CFD	Long	852	4.80599765258216        GBP
Ordinary NPV	CFD	Short	345233	4.8422        GBP
Ordinary NPV	CFD	Short	28045	4.832579        GBP
Ordinary NPV	CFD	Short	23212	4.809978        GBP
Ordinary NPV	CFD	Short	10172	4.83082186        GBP
Ordinary NPV	CFD	Short	1695	4.83942183        GBP
Ordinary NPV	CFD	Short	8283	4.817453        GBP
Ordinary NPV	CFD	Short	240	4.785875        GBP
Ordinary NPV	CFD	Short	8174721	4.7855        GBP
Ordinary NPV	CFD	Short	18585	4.8206260022        GBP
Ordinary NPV	CFD	Short	927	4.824517        GBP
Ordinary NPV	CFD	Short	824	4.836982        GBP
Ordinary NPV	CFD	Short	15850	106.9498        ZAR
Ordinary NPV	CFD	Short	3605	105.42044105        ZAR
Ordinary NPV	CFD	Short	4489	106.0028        ZAR
Ordinary NPV	CFD	Short	1693	106.7051        ZAR
Ordinary NPV	CFD	Short	1096	4.8306        GBP
Ordinary NPV	CFD	Short	5734	105.53368        ZAR
Ordinary NPV	CFD	Short	75392	105.43        ZAR
Ordinary NPV	CFD	Short	420297	4.841427        GBP
Ordinary NPV	CFD	Short	64404	105.82419834        ZAR
Ordinary NPV	CFD	Short	38889	4.813319        GBP
Ordinary NPV	CFD	Short	5124	105.533656        ZAR
Ordinary NPV	CFD	Short	38005	106.30165241        ZAR
Ordinary NPV	CFD	Short	53183	106.7026        ZAR
Ordinary NPV	CFD	Short	1867	105.9719        ZAR
Ordinary NPV	CFD	Short	214669	6.48607901        USD
Ordinary NPV	CFD	Short	228816	4.842        GBP
Ordinary NPV	CFD	Short	395548	4.77049711        GBP
Ordinary NPV	CFD	Short	319015	4.77513747        GBP
Ordinary NPV	CFD	Short	70803	4.788911        GBP
Ordinary NPV	CFD	Short	161185	4.782        GBP
Ordinary NPV	CFD	Short	12033	106.09695005        ZAR
Ordinary NPV	CFD	Short	34556	4.832259        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	400000	4.8        GBP	American	18 September 2026	0.44        GBP
Ordinary NPV	Call	Purchasing	400000	5.2        GBP	American	18 September 2026	0.345        GBP
Ordinary NPV	Put	Selling	400000	4.8        GBP	American	18 September 2026	0.44        GBP
Ordinary NPV	Call	Selling	400000	5.2        GBP	American	18 September 2026	0.345        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:	15 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