Form 8.5 (EPT/RI)-Glencore plc

JPMorgan Securities Plc

29 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:	28 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	805	111.3000 ZAR	110.8681 ZAR
		5,416,389	5.1002 GBP	5.0260 GBP
	Sale	805	111.3000 ZAR	110.6930 ZAR
		7,387,281	5.0960 GBP	5.0170 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	890	5.0482 GBP
			180,755	5.0580 GBP
			1,701	5.0588 GBP
			976	5.0592 GBP
			1,144	5.0613 GBP
			90,092	5.0648 GBP
			9,767	5.0694 GBP
			3,027	5.0710 GBP
			300,000	5.0720 GBP
			59,203	5.0738 GBP
			3,509	110.7163 ZAR
			3,661	110.7918 ZAR
			757	110.9925 ZAR
			3,509	111.0189 ZAR
			123	111.1193 ZAR
			59,002	111.1640 ZAR
			6,470	111.1994 ZAR
			487	111.4976 ZAR
			3,386	111.5742 ZAR
			53,034	111.7145 ZAR
		Decrease Short	6,746	5.0509 GBP
			936,751	5.0515 GBP
			799	5.0520 GBP
			600	5.0578 GBP
			1,849	5.0594 GBP
			175,342	5.0609 GBP
			3,748	5.0622 GBP
			28,151	5.0646 GBP
			55,380	5.0675 GBP
			395,950	5.0717 GBP
			13,853	5.0768 GBP
			10	5.0770 GBP
			9,842	5.0823 GBP
			6,746	5.0858 GBP
			42,209	5.0865 GBP
			18,700	5.0873 GBP
			191	110.2337 ZAR
			3,932	110.5235 ZAR
			2,257	110.6541 ZAR
			6,519	110.6995 ZAR
			3,661	110.7918 ZAR
			6,654	110.8056 ZAR
			3,345	110.8887 ZAR
			659	110.9844 ZAR
			6,045	111.0145 ZAR
			98	111.0300 ZAR
			10,527	111.0978 ZAR
			7,352	111.1799 ZAR
			5,130	111.1904 ZAR
			7,646	111.4648 ZAR
			487	111.4976 ZAR
			1,136	111.5024 ZAR
			2,886	111.5207 ZAR
			12,379	111.6666 ZAR
			53,034	111.7000 ZAR
		Increase Long	43,534	5.0610 GBP
			5,492	5.0622 GBP
			22,638	5.0631 GBP
			20,564	5.0643 GBP
			5,007	5.0649 GBP
			222,519	5.0731 GBP
			193,085	5.0749 GBP
			109,279	5.0802 GBP
			23,603	5.0814 GBP
		256,102	5.0855 GBP
		25,741	110.8482 ZAR
		10,095	110.8713 ZAR
		6,403	110.9639 ZAR
		823	111.2620 ZAR
		9,249	111.3878 ZAR
	Increase Short	8,569	5.0545 GBP
		723	5.0567 GBP
		43	5.0568 GBP
		2,321	5.0581 GBP
		105,155	5.0582 GBP
		34,237	5.0585 GBP
		16,750	5.0604 GBP
		46,793	5.0619 GBP
		18,766	5.0632 GBP
		6,451	5.0655 GBP
		18,000	5.0672 GBP
		131,160	5.0679 GBP
		7,600	5.0700 GBP
		827	5.0742 GBP
		32,219	5.0857 GBP
		14,945	5.1002 GBP
		10,095	110.8713 ZAR
		5,605	110.8731 ZAR
		1,001	111.2033 ZAR
		823	111.2620 ZAR
		657	111.2801 ZAR
		6,199	111.3800 ZAR
		1,034	111.5735 ZAR
		798	111.6017 ZAR
		358	111.7000 ZAR
	Opening a long position	800	110.7728 ZAR
		99,694	111.2610 ZAR
	Opening a short position	800	110.7728 ZAR
		23,500	110.7910 ZAR
		99,694	111.2610 ZAR
		2,241	111.4600 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:	29 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