Form 8.5 (EPT/RI) - Glencore plc

JPMorgan Securities Plc

05 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:	04 February 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	1,515	114.3500 ZAR	112.5500 ZAR
		11,254,496	5.3090 GBP	5.1120 GBP
	Sale	1,515	114.3500 ZAR	112.5500 ZAR
		8,748,477	5.3074 GBP	5.1094 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	215,104	5.1120 GBP
			214,836	5.1121 GBP
			123,824	5.1207 GBP
			167,577	5.1554 GBP
			1,108	5.1592 GBP
			1,357	5.1831 GBP
			322	5.1957 GBP
			715	5.1990 GBP
			715	5.2000 GBP
			1,502	5.2016 GBP
			43,302	5.2034 GBP
			69	5.2035 GBP
			5,617	5.2044 GBP
			183,442	5.2119 GBP
			42,418	5.2163 GBP
			3,376	5.2233 GBP
			27,487	5.2261 GBP
			41,657	5.2297 GBP
			22,192	5.2325 GBP
			77,806	5.2378 GBP
			5,722	5.2452 GBP
			44,273	5.2535 GBP
			50	114.0228 ZAR
			2,477	114.0878 ZAR
			2,673	114.1400 ZAR
			91,739	114.1423 ZAR
			4,592	114.4293 ZAR
			7,378	114.8406 ZAR
			8,970	114.9923 ZAR
			2,451	115.2324 ZAR
			2,370	115.2976 ZAR
			22	115.3854 ZAR
			58	115.4081 ZAR
		Decrease Short	396,260	5.1094 GBP
			1,883	5.1119 GBP
			146,681	5.1295 GBP
			22,249	5.1461 GBP
			2,250	5.1556 GBP
			806,681	5.1628 GBP
			122,487	5.1644 GBP
			13,164	5.1720 GBP
			10,386	5.1723 GBP
			706,106	5.1784 GBP
			34,742	5.1820 GBP
			49,936	5.1860 GBP
			37,695	5.1861 GBP
			10,654	5.1863 GBP
			124	5.2015 GBP
			121,426	5.2059 GBP
			31,571	5.2148 GBP
			1,015	5.2224 GBP
			9,563	5.2236 GBP
			289	5.2430 GBP
			13,778	5.2432 GBP
			250,000	5.2894 GBP
			4,120	5.2970 GBP
			94,412	114.1400 ZAR
			3,886	114.2395 ZAR
			7,378	114.8406 ZAR
			7,428	114.8652 ZAR
			8,970	114.9923 ZAR
			361	115.4600 ZAR
			345	115.4894 ZAR
		Increase Long	79,154	5.1120 GBP
		913	5.1139 GBP
		53,097	5.1192 GBP
		39,517	5.1212 GBP
		443,590	5.1255 GBP
		2,772	5.1339 GBP
		38,529	5.1685 GBP
		33,098	5.1726 GBP
		2,343	5.1898 GBP
		715	5.1990 GBP
		715	5.2000 GBP
		475	5.2049 GBP
		39,676	5.2216 GBP
		228,857	5.2245 GBP
		19,627	5.2396 GBP
		25,751	5.2578 GBP
		4,920	5.2737 GBP
		2,548	5.2789 GBP
		15,877	5.2837 GBP
		1,799	113.2749 ZAR
		301	113.4866 ZAR
		6	113.7705 ZAR
		6	113.8122 ZAR
		4	113.8722 ZAR
		3	113.9705 ZAR
		190	114.6200 ZAR
		243	114.6600 ZAR
		292	114.8432 ZAR
		280	115.0395 ZAR
		54	115.3200 ZAR
		3	115.3536 ZAR
		7	115.3598 ZAR
		9,660	115.4371 ZAR
	Increase Short	1	5.1122 GBP
		132	5.1125 GBP
		2,681	5.1240 GBP
		352	5.1277 GBP
		68,661	5.1500 GBP
		23	5.1503 GBP
		842	5.1541 GBP
		9,739	5.1551 GBP
		4,356	5.1602 GBP
		933	5.1624 GBP
		19,382	5.1675 GBP
		98,204	5.1757 GBP
		3,911	5.1874 GBP
		15,300	5.1920 GBP
		125,000	5.2230 GBP
		125,000	5.2278 GBP
		5,200	5.2442 GBP
		763,728	5.2451 GBP
		125,000	5.2549 GBP
		8,170	5.2846 GBP
		1,251,970	5.2895 GBP
		1,799	113.2896 ZAR
		902	114.4360 ZAR
		190	114.6200 ZAR
		243	114.6600 ZAR
		54	115.3200 ZAR
		9,660	115.4371 ZAR
	Opening a long position	3	5.1120 GBP
		30,571	114.9390 ZAR
	Opening a short position	2,597,334	5.1120 GBP
		30,571	114.9389 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:	05 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