Form 8.5 (EPT/RI)-Glencore plc

JPMorgan Securities Plc

02 February 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:	30 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 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	14,251	109.5508 ZAR	108.7266 ZAR
		11,232,620	5.0290 GBP	4.8845 GBP
	Sale	14,251	110.6500 ZAR	107.6000 ZAR
		9,195,300	5.0400 GBP	4.8799 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	17,881	4.9193 GBP
			120,211	4.9449 GBP
			8,552	4.9524 GBP
			184,457	4.9618 GBP
			11,836	4.9751 GBP
			206,440	4.9882 GBP
			688,772	4.9925 GBP
			5,103	4.9933 GBP
			9,942	5.0001 GBP
			195	107.7163 ZAR
			316	107.7665 ZAR
			31,893	108.6254 ZAR
			18,523	108.6427 ZAR
			12,663	109.1190 ZAR
			31,901	109.7983 ZAR
			12,876	109.9147 ZAR
			35	110.1637 ZAR
		Decrease Short	104,310	4.8799 GBP
			3,997	4.9157 GBP
			9,257	4.9176 GBP
			102	4.9265 GBP
			11,054	4.9281 GBP
			16	4.9414 GBP
			1,836	4.9429 GBP
			58,425	4.9479 GBP
			439,480	4.9562 GBP
			38,286	4.9746 GBP
			126	4.9750 GBP
			345	4.9759 GBP
			27,715	4.9760 GBP
			155,000	4.9780 GBP
			53,600	4.9785 GBP
			3,091	4.9812 GBP
			185,215	4.9840 GBP
			25,410	4.9845 GBP
			429	4.9863 GBP
			83,218	4.9885 GBP
			13,882	4.9913 GBP
			131,378	4.9920 GBP
			2,189	4.9921 GBP
			14,417	4.9923 GBP
			13,404	4.9924 GBP
			225,048	4.9925 GBP
			2,703	5.0024 GBP
			140	5.0183 GBP
			171,845	5.0325 GBP
			22,007	107.9739 ZAR
			12,663	109.1190 ZAR
			50,935	109.3575 ZAR
			9,048	109.8301 ZAR
			12,876	109.9147 ZAR
			18	109.9500 ZAR
			17	110.3900 ZAR
			838	111.9000 ZAR
		Increase Long	21,451	4.9204 GBP
			37,876	4.9692 GBP
			4,425	4.9706 GBP
			590	4.9814 GBP
			6,391	4.9841 GBP
			158,170	4.9897 GBP
			844,335	4.9925 GBP
			3,371	4.9955 GBP
			14,534	108.6091 ZAR
			780	108.9603 ZAR
		8,987	109.0722 ZAR
		153,463	109.8973 ZAR
		163	109.9526 ZAR
	Increase Short	38,569	4.9221 GBP
		151,439	4.9300 GBP
		810	4.9342 GBP
		21,136	4.9416 GBP
		190,012	4.9425 GBP
		1,836	4.9431 GBP
		15,690	4.9546 GBP
		5,800	4.9631 GBP
		1,039	4.9666 GBP
		82,901	4.9714 GBP
		1,900	4.9723 GBP
		68,861	4.9727 GBP
		824	4.9730 GBP
		3,179	4.9782 GBP
		20,516	4.9793 GBP
		576	4.9803 GBP
		20,041	4.9816 GBP
		4,833	4.9864 GBP
		57,253	4.9889 GBP
		26,445	4.9895 GBP
		1,009,775	4.9925 GBP
		1,717	4.9927 GBP
		117,836	5.0002 GBP
		80	5.0115 GBP
		780	6.8198 ZAR
		117,292	6.8272 GBP
		806	107.4804 ZAR
		1,778	108.4950 ZAR
		14,534	108.6091 ZAR
		8,987	109.0722 ZAR
		1,947	109.5741 ZAR
		287	109.6567 ZAR
		148,645	109.9467 ZAR
		161	109.9500 ZAR
		2	110.1600 ZAR
	Opening a long position	3,896	4.9776 GBP
		17,387	107.7577 ZAR
		4,990	108.2384 ZAR
		536	109.8944 ZAR
		1,113	110.0121 ZAR
	Opening a short position	500,000	4.9150 GBP
		250,000	4.9985 GBP
		21,300	107.7634 ZAR
		843	108.5218 ZAR
		536	109.8944 ZAR
		1,347	110.8073 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:	02 February 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