Form 8.5 (EPT/RI) - Glencore plc

JPMorgan Securities Plc

28 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:	27 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	4,128	110.0600 ZAR	110.0600 ZAR
		5,495,459	5.0388 GBP	4.9500 GBP
	Sale	4,128	110.0600 ZAR	110.0600 ZAR
		6,909,713	5.0380 GBP	4.9490 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	3,606	4.9649 GBP
			3,622	4.9874 GBP
			13,273	4.9940 GBP
			3,175	5.0086 GBP
			14,411	5.0112 GBP
			50,430	5.0137 GBP
			114,175	5.0380 GBP
			1,071	5.0388 GBP
			7,692	109.6174 ZAR
			28,922	109.6382 ZAR
			63,812	109.8012 ZAR
			1,880	110.0315 ZAR
			501	110.0572 ZAR
			60,681	110.0743 ZAR
			932	110.2438 ZAR
		Decrease Short	364,965	4.9519 GBP
			6,746	4.9585 GBP
			2,295	4.9721 GBP
			2,765	4.9790 GBP
			201,740	4.9809 GBP
			18,619	4.9834 GBP
			4,137	4.9954 GBP
			44,480	4.9964 GBP
			6,746	4.9987 GBP
			61,400	5.0063 GBP
			372,775	5.0075 GBP
			5,112	5.0085 GBP
			1	5.0095 GBP
			372,910	5.0105 GBP
			1	5.0115 GBP
			37,752	5.0193 GBP
			2,807	5.0222 GBP
			25,964	5.0226 GBP
			10,456	5.0251 GBP
			5,029	5.0254 GBP
			185,457	5.0355 GBP
			846	5.0377 GBP
			902	5.0378 GBP
			84,096	5.0380 GBP
			2	109.3700 ZAR
			7,692	109.6174 ZAR
			28,922	109.6382 ZAR
			1	110.0200 ZAR
			1,880	110.0315 ZAR
			61,179	110.0600 ZAR
			932	110.2438 ZAR
		Increase Long	16,232	4.9715 GBP
			179,025	4.9739 GBP
			49,329	4.9763 GBP
			24,664	4.9897 GBP
			1,339	4.9915 GBP
			216,236	5.0379 GBP
			136,512	5.0380 GBP
			6,507	109.2689 ZAR
			133	109.3599 ZAR
			38,592	109.6129 ZAR
			17,629	109.7069 ZAR
			454	109.8792 ZAR
			25,220	110.5700 ZAR
		Increase Short	284,301	4.9555 GBP
			2,030	4.9702 GBP
			17,541	4.9756 GBP
			10	4.9780 GBP
			79,726	4.9807 GBP
		9,786	4.9812 GBP
		3,200	4.9832 GBP
		48,082	4.9850 GBP
		880	5.0010 GBP
		22	5.0073 GBP
		78,281	5.0086 GBP
		5,920	5.0121 GBP
		400	5.0135 GBP
		81,046	5.0329 GBP
		84,541	5.0384 GBP
		118	6.8223 ZAR
		2,424	6.8233 ZAR
		2,178	6.8332 ZAR
		2,541	6.8520 ZAR
		3,630	6.8641 ZAR
		617	6.8770 ZAR
		930	6.8795 ZAR
		1,561	6.8892 ZAR
		3,630	6.9013 ZAR
		6,507	109.2689 ZAR
		1	109.3500 ZAR
		132	109.3600 ZAR
		454	109.8792 ZAR
	Opening a long position	509	4.9690 GBP
		942	4.9915 GBP
		482	5.0105 GBP
		915	5.0140 GBP
		882	108.9240 ZAR
		7,020	109.0994 ZAR
		5,553	109.3558 ZAR
		1,387	109.4356 ZAR
		290	109.4810 ZAR
		7,920	109.5378 ZAR
		215	109.9499 ZAR
		40,545	110.0665 ZAR
	Opening a short position	942	4.9915 GBP
		811	5.0105 GBP
		1,854	5.0109 GBP
		786	5.0111 GBP
		124	5.0125 GBP
		3,055	5.0129 GBP
		700	5.0132 GBP
		915	5.0140 GBP
		2,682	109.0013 ZAR
		4,381	109.0314 ZAR
		839	109.2226 ZAR
		5,355	109.4127 ZAR
		3,256	109.4516 ZAR
		7,544	109.5192 ZAR
		7,787	109.8650 ZAR
		1,863	110.1487 ZAR
		4,885	110.4115 ZAR
		25,220	110.5700 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:	28 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