Form 8.5 (EPT/RI) - Glencore PLC

UBS AG (EPT)

23 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:	22 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	5728349	5.04000        GBP	4.82550        GBP
Ordinary NPV	Sell	6874469	5.05000        GBP	4.82550        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	9480	4.88        GBP
Ordinary NPV	CFD	Long	252	4.891        GBP
Ordinary NPV	CFD	Long	3650	4.881        GBP
Ordinary NPV	CFD	Long	3458	4.8945        GBP
Ordinary NPV	CFD	Long	262	4.8805        GBP
Ordinary NPV	CFD	Long	44	4.895        GBP
Ordinary NPV	CFD	Long	2974	4.87975        GBP
Ordinary NPV	CFD	Long	85	4.893        GBP
Ordinary NPV	CFD	Long	41929	4.892176        GBP
Ordinary NPV	CFD	Long	7042	110.0048722        ZAR
Ordinary NPV	CFD	Long	1338	4.88817638        GBP
Ordinary NPV	CFD	Long	715	4.98255944        GBP
Ordinary NPV	CFD	Long	14275	4.904992        GBP
Ordinary NPV	CFD	Long	2413	4.897443        GBP
Ordinary NPV	CFD	Long	46883	4.931286        GBP
Ordinary NPV	CFD	Long	1440	4.943003        GBP
Ordinary NPV	CFD	Long	1724	4.895352        GBP
Ordinary NPV	CFD	Long	298100	4.92322086548138        GBP
Ordinary NPV	CFD	Long	2700	107.361277        ZAR
Ordinary NPV	CFD	Long	31551	107.4333        ZAR
Ordinary NPV	CFD	Long	24786	107.33730372        ZAR
Ordinary NPV	CFD	Long	990	107.254        ZAR
Ordinary NPV	CFD	Long	7668	106.9527        ZAR
Ordinary NPV	CFD	Long	337249	4.9015        GBP
Ordinary NPV	CFD	Long	41600	4.9342462738        GBP
Ordinary NPV	CFD	Long	177339	4.92331845        GBP
Ordinary NPV	CFD	Long	67181	4.9106        GBP
Ordinary NPV	CFD	Long	10834	107.3841702        ZAR
Ordinary NPV	CFD	Long	748	4.916921        GBP
Ordinary NPV	CFD	Long	137143	106.9737        ZAR
Ordinary NPV	CFD	Long	13743	107.9331        ZAR
Ordinary NPV	CFD	Long	188527	107.47791563        ZAR
Ordinary NPV	CFD	Long	20256	4.922157        GBP
Ordinary NPV	CFD	Long	4730	4.920173        GBP
Ordinary NPV	CFD	Long	2715	4.918993        GBP
Ordinary NPV	CFD	Long	2361	4.915504        GBP
Ordinary NPV	CFD	Long	1411	4.929815        GBP
Ordinary NPV	CFD	Long	1314	4.915648        GBP
Ordinary NPV	CFD	Long	209	4.920422        GBP
Ordinary NPV	CFD	Long	147	4.922876        GBP
Ordinary NPV	CFD	Long	69	4.917008        GBP
Ordinary NPV	CFD	Long	492	4.922792        GBP
Ordinary NPV	CFD	Long	235540	4.90088728        GBP
Ordinary NPV	CFD	Long	72294	4.90088736        GBP
Ordinary NPV	CFD	Long	219794	4.94003418        GBP
Ordinary NPV	CFD	Long	307991	4.89471015        GBP
Ordinary NPV	CFD	Long	734317	4.96477851        GBP
Ordinary NPV	CFD	Long	191735	4.90088733        GBP
Ordinary NPV	CFD	Long	349222	4.94003421        GBP
Ordinary NPV	CFD	Long	489356	4.89471014        GBP
Ordinary NPV	CFD	Long	25641	4.89470216457665        GBP
Ordinary NPV	CFD	Long	74235	4.91273433        GBP
Ordinary NPV	CFD	Long	2264	4.8785        GBP
Ordinary NPV	CFD	Short	188527	107.47791563        ZAR
Ordinary NPV	CFD	Short	953	4.89169983        GBP
Ordinary NPV	CFD	Short	66480	4.924332        GBP
Ordinary NPV	CFD	Short	2862	4.964036        GBP
Ordinary NPV	CFD	Short	13743	107.9331        ZAR
Ordinary NPV	CFD	Short	976817	4.9015        GBP
Ordinary NPV	CFD	Short	231544	6.63470179        USD
Ordinary NPV	CFD	Short	17220	4.9745056482        GBP
Ordinary NPV	CFD	Short	4076	4.898805        GBP
Ordinary NPV	CFD	Short	153582	4.89606441        GBP
Ordinary NPV	CFD	Short	50000	4.861574        GBP
Ordinary NPV	CFD	Short	50000	4.854221        GBP
Ordinary NPV	CFD	Short	300000	4.90446757        GBP
Ordinary NPV	CFD	Short	100000	4.915334        GBP
Ordinary NPV	CFD	Short	935	4.9068990003        GBP
Ordinary NPV	CFD	Short	31551	107.4333        ZAR
Ordinary NPV	CFD	Short	2700	107.3613        ZAR
Ordinary NPV	CFD	Short	10834	107.3841702        ZAR
Ordinary NPV	CFD	Short	990	107.254        ZAR
Ordinary NPV	CFD	Short	7042	110.0048722        ZAR
Ordinary NPV	CFD	Short	7668	106.9527        ZAR
Ordinary NPV	CFD	Short	24786	107.33730372        ZAR
Ordinary NPV	CFD	Short	351	4.89793        GBP
Ordinary NPV	CFD	Short	56234	106.973582        ZAR
Ordinary NPV	CFD	Short	80909	106.973714        ZAR
Ordinary NPV	CFD	Short	1152	4.90119988        GBP
Ordinary NPV	CFD	Short	1090	4.94457798        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	Call	Purchasing	1500000	5.6        GBP	American	18 September 2026	0.2225        GBP
Ordinary NPV	Call	Selling	1500000	5.6        GBP	American	18 September 2026	0.2225        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:	23 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