Form 8.5 (EPT/RI) - Glencore PLC

UBS AG (EPT)

22 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:	21 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	6749925	5.04000        GBP	3.90179        GBP
Ordinary NPV	Sell	6292050	5.04000        GBP	4.84593        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	14616	4.99752668        GBP
Ordinary NPV	CFD	Long	1791	4.991429        GBP
Ordinary NPV	CFD	Long	72140	4.92824674242583        GBP
Ordinary NPV	CFD	Long	47	4.95744680851064        GBP
Ordinary NPV	CFD	Long	517	4.96350096711799        GBP
Ordinary NPV	CFD	Long	125	4.96352        GBP
Ordinary NPV	CFD	Long	107	4.94046728971963        GBP
Ordinary NPV	CFD	Long	373	4.96351206434316        GBP
Ordinary NPV	CFD	Long	103	4.91553398058252        GBP
Ordinary NPV	CFD	Long	27	4.94037037037037        GBP
Ordinary NPV	CFD	Long	588	4.96350340136054        GBP
Ordinary NPV	CFD	Long	336	4.94050595238095        GBP
Ordinary NPV	CFD	Long	244	4.91549180327869        GBP
Ordinary NPV	CFD	Long	2151	109.40161785        ZAR
Ordinary NPV	CFD	Long	439	109.2827        ZAR
Ordinary NPV	CFD	Long	49500	5.0037321196        GBP
Ordinary NPV	CFD	Long	275000	4.99085109        GBP
Ordinary NPV	CFD	Long	234116	4.97509383        GBP
Ordinary NPV	CFD	Long	200000	4.97704715        GBP
Ordinary NPV	CFD	Long	200000	4.96944125        GBP
Ordinary NPV	CFD	Long	8937	109.23001231        ZAR
Ordinary NPV	CFD	Long	341	4.94049853372434        GBP
Ordinary NPV	CFD	Long	314	4.96350318471338        GBP
Ordinary NPV	CFD	Long	143	4.91552447552448        GBP
Ordinary NPV	CFD	Long	12916	4.9929156270672        GBP
Ordinary NPV	CFD	Long	105	4.96352380952381        GBP
Ordinary NPV	CFD	Long	71	4.94056338028169        GBP
Ordinary NPV	CFD	Long	45	4.91555555555556        GBP
Ordinary NPV	CFD	Long	115978	5.001318        GBP
Ordinary NPV	CFD	Long	5192	109.05018683        ZAR
Ordinary NPV	CFD	Long	173352	108.98018615        ZAR
Ordinary NPV	CFD	Long	29657	109.09195064        ZAR
Ordinary NPV	CFD	Long	13966	4.9890296        GBP
Ordinary NPV	CFD	Long	12170	4.853674        GBP
Ordinary NPV	CFD	Long	17602	109.00657596        ZAR
Ordinary NPV	CFD	Long	805	4.998444        GBP
Ordinary NPV	CFD	Long	58243	4.974001        GBP
Ordinary NPV	CFD	Short	12468	5.00184312        GBP
Ordinary NPV	CFD	Short	1866413	4.9767        GBP
Ordinary NPV	CFD	Short	5313	4.997126        GBP
Ordinary NPV	CFD	Short	5102	4.96586045        GBP
Ordinary NPV	CFD	Short	42078	4.984455        GBP
Ordinary NPV	CFD	Short	4008	4.941491        GBP
Ordinary NPV	CFD	Short	80759	5.00409985265667        GBP
Ordinary NPV	CFD	Short	9741	5.00035006672826        GBP
Ordinary NPV	CFD	Short	29657	109.09195064        ZAR
Ordinary NPV	CFD	Short	5192	109.05018683        ZAR
Ordinary NPV	CFD	Short	731330	5.0        GBP
Ordinary NPV	CFD	Short	226918	6.69362524        USD
Ordinary NPV	CFD	Short	7566	4.991665        GBP
Ordinary NPV	CFD	Short	32	4.998903        GBP
Ordinary NPV	CFD	Short	33600	4.9819094273        GBP
Ordinary NPV	CFD	Short	700	4.89521571        GBP
Ordinary NPV	CFD	Short	43	4.986529        GBP
Ordinary NPV	CFD	Short	17602	109.00657596        ZAR
Ordinary NPV	CFD	Short	8937	109.23001231        ZAR
Ordinary NPV	CFD	Short	439	109.2827        ZAR
Ordinary NPV	CFD	Short	2151	109.40161785        ZAR
Ordinary NPV	CFD	Short	2752	4.9990001        GBP
Ordinary NPV	CFD	Short	476	4.99890011        GBP
Ordinary NPV	CFD	Short	14894	4.97039402        GBP
Ordinary NPV	CFD	Short	4790	4.97452        GBP
Ordinary NPV	CFD	Short	1130	4.974        GBP
Ordinary NPV	CFD	Short	867	4.9725        GBP
Ordinary NPV	CFD	Short	173352	108.98018615        ZAR
Ordinary NPV	CFD	Short	5681	4.999474        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:	22 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