Form 8.5 (EPT/RI)- Glencore
AMENDMENT
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: |
09 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 |
300 |
100.6300 ZAR |
100.6300 ZAR |
|
|
30,392,939 |
4.5880 GBP |
4.4059 GBP |
|
Sale |
|
|
|
|
|
|
30,462,535 |
4.5815 GBP |
4.3975 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
Decrease Short
Increase Long
Increase Short
Opening a long position
Opening a short position |
21,643 3,192,000 10,571 28,355 1,393 52,134 19,390 1,887,157 1,174,517 378,725 777 22,988 19,000 80,594 31,714 3,496 1,860 42,665
48,300 1,358 15,321 40,437 1,386,895 6,631 6,136 38,366 3,768 2,039 19,796 816 177,405 82,364 135,371 12,099 199,041 4,907 14,719 174,417 17,461 5,488 680,876 314,334 1,608 595 2,806 8,774 40,423 15,233 1,017,251 178,368 162,490 1,240 9,884 1,766 25,207 1,444 1,173 2,547 1,730 1,220 416 2,874
1,502 367,862 371 1,148,560 24,755 31,592 153,882 342,710 67,572 14,226 1,948 1,413 2 16,001 6,262 53,521
6,609 18,921 6,609 6,609 160,000 2,765 1,383 160,000 121,071 64,000 8,095 46,063 74,307 30,376 1,382 51,166 3,965 485,188 2,756 356,918 21,900 20,500 64,000 753 2,765 100,975 3,901 68,119 3,105 12,431 2 4,826 1,436
8,250 2,661 31,754
345,994 2,036 5,164 2,633 5,814 3,482 1,346 33,046 |
4.4465 GBP 4.4700 GBP 4.4912 GBP 4.5045 GBP 4.5091 GBP 4.5115 GBP 4.5152 GBP 4.5263 GBP 4.5265 GBP 4.5362 GBP 4.5382 GBP 4.5534 GBP 5.2348 GBP 6.0682 GBP 100.7748 ZAR 100.7831 ZAR 100.9258 ZAR 101.4705 ZAR
4.4255 GBP 4.4380 GBP 4.4528 GBP 4.4621 GBP 4.4709 GBP 4.4806 GBP 4.4812 GBP 4.4831 GBP 4.4854 GBP 4.4909 GBP 4.5024 GBP 4.5031 GBP 4.5093 GBP 4.5166 GBP 4.5196 GBP 4.5197 GBP 4.5202 GBP 4.5207 GBP 4.5234 GBP 4.5237 GBP 4.5256 GBP 4.5261 GBP 4.5263 GBP 4.5264 GBP 4.5280 GBP 4.5307 GBP 4.5318 GBP 4.5363 GBP 4.5368 GBP 4.5397 GBP 4.5422 GBP 4.5429 GBP 4.5473 GBP 99.5052 ZAR 100.5133 ZAR 100.6518 ZAR 100.6649 ZAR 100.8200 ZAR 100.8233 ZAR 100.8393 ZAR 100.9172 ZAR 100.9708 ZAR 101.2928 ZAR 102.0386 ZAR
4.4701 GBP 4.4715 GBP 4.4788 GBP 4.5014 GBP 4.5255 GBP 4.5261 GBP 4.5265 GBP 4.5278 GBP 4.5326 GBP 4.5469 GBP 4.5800 GBP 100.3621 ZAR 100.7300 ZAR 100.8200 ZAR 100.9150 ZAR 101.6548 ZAR
4.4134 GBP 4.4331 GBP 4.4351 GBP 4.4468 GBP 4.4578 GBP 4.4629 GBP 4.4662 GBP 4.4672 GBP 4.4801 GBP 4.4832 GBP 4.4900 GBP 4.4951 GBP 4.4962 GBP 4.4969 GBP 4.4991 GBP 4.5082 GBP 4.5114 GBP 4.5151 GBP 4.5157 GBP 4.5205 GBP 4.5215 GBP 4.5227 GBP 4.5239 GBP 4.5267 GBP 4.5409 GBP 4.5451 GBP 4.5506 GBP 4.5537 GBP 4.5545 GBP 100.6002 ZAR 100.7300 ZAR 100.7776 ZAR 101.3766 ZAR
100.0000 ZAR 100.3133 ZAR 101.9482 ZAR
4.5301 GBP 99.5276 ZAR 99.8623 ZAR 100.6931 ZAR 100.7786 ZAR 100.9340 ZAR 102.1131 ZAR 102.3557 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(GBP) |
Type e.g. American, European etc. |
Expiry date |
Option money paid/ received per unit(GBP) |
|
Ordinary NPV |
Put Option Call Option Call Option Call Option Call Option Call Option Call Option Call Option Call Option Call Option Call Option Put Option Put Option Call Option Call Option Call Option Put Option Call Option Put Option Call Option Put Option Put Option Put Option Put Option Call Option Call Option Put Option Call Option Call Option Put Option Call Option Put Option Call Option Put Option Call Option Call Option Call Option Call Option Call Option Put Option Call Option Put Option Call Option Call Option Call Option |
Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing Purchasing |
2,000 1,000 19,000 9,000 7,000 2,000 1,000 16,000 22,000 1,000 1,000 18,000 1,000 2,000 1,000 1,000 1,000 1,000 1,000 2,000 1,000 1,000 1,000 8,000 9,000 7,000 2,000 1,000 1,000 1,000 1,000 1,000 2,000 1,000 1,000 2,000 5,000 2,000 17,000 1,000 1,000 2,000 2,000 60,000 1,000 |
4.8 4.8 4.8 4.8 4.8 4.8 4.8 4.8 4.8 4.6 4.8 4.8 4.4 4.8 4.6 4.8 4.8 4.6 4.3 4.8 4.3 4.4 4.2 4.4 4.8 4.8 4.3 4.8 4.6 4.3 4.6 4.3 4.8 4.3 4.6 4.8 4.8 4.8 4.8 4.3 4.6 4.3 4.8 4.8 4.8 |
American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American American |
December 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 December 2026 January 2026 January 2026 January 2026 January 2026 December 2026 January 2026 January 2026 January 2026 January 2026 December 2026 December 2026 December 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 January 2026 |
0.67 0.02 0.03 0.03 0.03 0.02 0.02 0.03 0.03 0.06 0.02 0.67 0.03 0.02 0.06 0.02 0.67 0.05 0.04 0.02 0.03 0.46 0.38 0.46 0.03 0.03 0.02 0.03 0.06 0.03 0.05 0.02 0.03 0.03 0.05 0.02 0.02 0.02 0.03 0.02 0.07 0.02 0.03 0.03 0.02 |
(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: |
13 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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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