Form 8.5 (EPT/RI)-Glencore plc

JPMorgan Securities Plc

27 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:	26 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	1,500	109.7920 ZAR	109.7920 ZAR
		4,488,487	5.0580 GBP	4.9888 GBP
	Sale	1,500	110.1600 ZAR	109.0560 ZAR
		5,030,588	5.0610 GBP	4.9863 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	Equity Swap	Decrease Long	12,560	5.0095 GBP
			13,248	5.0182 GBP
			15,779	5.0208 GBP
			33,807	5.0287 GBP
			312	5.0482 GBP
			202	109.5719 ZAR
			6,034	109.6225 ZAR
			9,446	109.7165 ZAR
			11,931	109.7456 ZAR
			17,229	109.8842 ZAR
			7,415	110.0497 ZAR
			21,750	110.2718 ZAR
			15,679	110.4239 ZAR
			79,900	110.5144 ZAR
		Decrease Short	705	5.0005 GBP
			4,529	5.0008 GBP
			3,159	5.0019 GBP
			2,955	5.0045 GBP
			450	5.0056 GBP
			2,330	5.0086 GBP
			15,800	5.0107 GBP
			6,746	5.0116 GBP
			11,233	5.0127 GBP
			11,253	5.0139 GBP
			2,724	5.0145 GBP
			69,200	5.0146 GBP
			451	5.0170 GBP
			227	5.0178 GBP
			268,658	5.0185 GBP
			371,777	5.0225 GBP
			327	5.0250 GBP
			10	5.0253 GBP
			758,890	5.0294 GBP
			231	5.0368 GBP
			44,466	5.0386 GBP
			2,400	5.0395 GBP
			13,491	5.0405 GBP
			15,087	5.0414 GBP
			1,000	109.3705 ZAR
			3,067	109.4698 ZAR
			5,751	109.4901 ZAR
			1,184	109.5938 ZAR
			3,368	109.6099 ZAR
			6,034	109.6225 ZAR
			171	109.9000 ZAR
			11,478	110.0817 ZAR
			33,883	110.0824 ZAR
			343	110.1650 ZAR
			1,187	110.2600 ZAR
			2,541	110.2684 ZAR
			2,228	110.2801 ZAR
			90,467	110.5000 ZAR
			469	110.5200 ZAR
		Increase Long	2,035	4.9966 GBP
			13,614	5.0010 GBP
			8,627	5.0032 GBP
			110,606	5.0182 GBP
			23,023	5.0209 GBP
			5,903	5.0282 GBP
			3,879	5.0409 GBP
			2,479	110.0079 ZAR
			4,515	110.0242 ZAR
			355	110.0950 ZAR
			21,782	110.3127 ZAR
		7,060	110.3584 ZAR
		7,694	110.4742 ZAR
	Increase Short	38,944	4.9974 GBP
		188,364	4.9985 GBP
		578	5.0012 GBP
		78,711	5.0054 GBP
		3,474	5.0059 GBP
		10	5.0065 GBP
		15,000	5.0116 GBP
		24,980	5.0121 GBP
		3,638	5.0139 GBP
		1,988	5.0154 GBP
		4,358	5.0162 GBP
		124,099	5.0178 GBP
		3,400	5.0198 GBP
		6,905	5.0258 GBP
		422,173	5.0261 GBP
		15,911	5.0346 GBP
		5,809	6.9159 ZAR
		3,630	6.9164 ZAR
		12,343	6.9219 ZAR
		1,012	109.6140 ZAR
		1,000	109.6594 ZAR
		468	109.8612 ZAR
		2,479	110.0079 ZAR
		1,498	110.1401 ZAR
		909	110.2360 ZAR
		628	110.3262 ZAR
		7,694	110.4742 ZAR
	Opening a long position	1,000	109.6594 ZAR
		896	109.8841 ZAR
		1,022	110.0100 ZAR
		4,377	110.0549 ZAR
		1,120	110.1907 ZAR
	Opening a short position	1,000	109.3705 ZAR
		355	110.0950 ZAR
		262	110.1308 ZAR
		373	110.2000 ZAR
		3,844	110.2497 ZAR
		880	110.3500 ZAR
		667	110.3770 ZAR
		1,034	110.8800 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:	27 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