Form 8.5 (EPT/RI)-Glencore plc

JPMorgan Securities Plc

30 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:	29 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	116	113.5600 ZAR	112.0000 ZAR
		12,481,069	5.3340 GBP	5.0575 GBP
	Sale	116	113.5600 ZAR	112.0000 ZAR
		14,200,458	5.3310 GBP	5.0510 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	156,173	5.0760 GBP
			198,334	5.0790 GBP
			221,008	5.1068 GBP
			189,917	5.1070 GBP
			165,345	5.1337 GBP
			69,158	5.1387 GBP
			11,572	5.1487 GBP
			4,349	5.2208 GBP
			26,243	5.2217 GBP
			60,126	5.2360 GBP
			28,351	5.2489 GBP
			23,531	5.2519 GBP
			8,771	5.2557 GBP
			4,866	5.2585 GBP
			26,185	5.2609 GBP
			1	113.0747 ZAR
			81,028	113.1323 ZAR
			87	113.7984 ZAR
			3,224	113.8318 ZAR
			238	113.8378 ZAR
			13,416	113.8786 ZAR
			2,499	114.3100 ZAR
			15,360	114.3109 ZAR
			3,956	114.4130 ZAR
			23,976	114.6634 ZAR
			3,846	114.6661 ZAR
			3,569	115.5690 ZAR
		Decrease Short	15,003	5.0787 GBP
			1,125	5.0788 GBP
			88,081	5.0798 GBP
			52,627	5.1264 GBP
			800	5.1416 GBP
			7,364	5.1649 GBP
			8,800	5.1734 GBP
			64,980	5.1867 GBP
			6,746	5.1987 GBP
			6,710	5.2072 GBP
			4,047	5.2142 GBP
			796,161	5.2150 GBP
			159,929	5.2262 GBP
			1,844	5.2283 GBP
			78,992	5.2290 GBP
			52,346	5.2294 GBP
			4,217	5.2304 GBP
			19,212	5.2346 GBP
			2,238	5.2366 GBP
			7,281	5.2380 GBP
			578,792	5.2418 GBP
			56,669	5.2448 GBP
			10	5.2931 GBP
			611	5.3168 GBP
			26,982	5.3193 GBP
			43,172	5.3198 GBP
			215	5.3243 GBP
			50,700	111.9501 ZAR
			1	113.0600 ZAR
			720	113.1300 ZAR
			1,490	113.7486 ZAR
			304	114.1300 ZAR
			6,765	114.1628 ZAR
			6,431	114.3100 ZAR
			15,360	114.3109 ZAR
			13	114.3700 ZAR
			37,717	114.3770 ZAR
		710	114.5800 ZAR
		3,532	114.6978 ZAR
		7,959	114.9955 ZAR
		3,569	115.5459 ZAR
		325	115.5614 ZAR
		15,604	115.5705 ZAR
	Increase Long	33,530	5.1635 GBP
		48,673	5.1925 GBP
		239,827	5.2005 GBP
		39,583	5.2499 GBP
		24,609	5.2512 GBP
		361,413	5.2595 GBP
		2,914	5.2911 GBP
		674	5.2965 GBP
		12,753	113.8385 ZAR
		13,559	114.2720 ZAR
		4,950	114.2951 ZAR
		205	114.4358 ZAR
		54,745	114.8362 ZAR
		542	114.9750 ZAR
		755	114.9842 ZAR
	Increase Short	1,477	5.0791 GBP
		20	5.0792 GBP
		2	5.0795 GBP
		1	5.0875 GBP
		52,787	5.0927 GBP
		15,203	5.0993 GBP
		18,701	5.1050 GBP
		145,657	5.1075 GBP
		4,118	5.1143 GBP
		2,268	5.1246 GBP
		2,946	5.1283 GBP
		1,006	5.1452 GBP
		5,694	5.1655 GBP
		10,710	5.1756 GBP
		6,100	5.1763 GBP
		412,042	5.1817 GBP
		19,121	5.1952 GBP
		7,281	5.2380 GBP
		382,895	5.2646 GBP
		750,000	5.2806 GBP
		21,402	7.1389 GBP
		8,708	7.1640 ZAR
		2,723	7.1738 ZAR
		1,322	7.2337 ZAR
		1,620	113.0067 ZAR
		4,901	113.9306 ZAR
		13,559	114.2720 ZAR
		4,950	114.3100 ZAR
		7,637	114.3191 ZAR
		205	114.4358 ZAR
		7,276	114.7393 ZAR
		16,074	114.9258 ZAR
		3,134	114.9300 ZAR
		542	114.9750 ZAR
		755	114.9842 ZAR
		4,858	115.4366 ZAR
		9,245	115.6439 ZAR
	Opening a short position	495,890	5.0790 GBP
		2,765	5.2007 GBP
		2,765	5.2221 GBP
		2,765	5.2696 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:	30 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