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5 Feb 2026 12:29
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: | UBS Investment Bank, London |
(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: | Rio Tinto plc |
(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
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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 | Buy
| 34191667 | 5.30594 GBP | 3.54522 GBP |
Ordinary NPV | Sell
| 7337657 | 5.30594 GBP | 4.23120 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 | CFD
| Long | 72678 | 114.73995913 ZAR |
Ordinary NPV | CFD
| Long | 475 | 5.1810001 GBP |
Ordinary NPV | CFD
| Long | 1636 | 5.148 GBP |
Ordinary NPV | CFD
| Long | 6546 | 5.151 GBP |
Ordinary NPV | CFD
| Long | 828 | 5.138 GBP |
Ordinary NPV | CFD
| Long | 1457 | 5.152 GBP |
Ordinary NPV | CFD
| Long | 850 | 5.1375 GBP |
Ordinary NPV | CFD
| Long | 2469 | 5.142 GBP |
Ordinary NPV | CFD
| Long | 450 | 5.1475 GBP |
Ordinary NPV | CFD
| Long | 1579 | 5.1405 GBP |
Ordinary NPV | CFD
| Long | 873 | 5.141 GBP |
Ordinary NPV | CFD
| Long | 335756 | 5.214761 GBP |
Ordinary NPV | CFD
| Long | 10701 | 5.283 GBP |
Ordinary NPV | CFD
| Long | 58 | 5.195 GBP |
Ordinary NPV | CFD
| Long | 1069 | 5.28 GBP |
Ordinary NPV | CFD
| Long | 278 | 5.192 GBP |
Ordinary NPV | CFD
| Long | 106 | 5.269 GBP |
Ordinary NPV | CFD
| Long | 139 | 5.286 GBP |
Ordinary NPV | CFD
| Long | 743 | 5.267 GBP |
Ordinary NPV | CFD
| Long | 687 | 5.212 GBP |
Ordinary NPV | CFD
| Long | 611 | 5.13 GBP |
Ordinary NPV | CFD
| Long | 882 | 5.183 GBP |
Ordinary NPV | CFD
| Long | 38010 | 5.214484 GBP |
Ordinary NPV | CFD
| Long | 2973 | 5.154143 GBP |
Ordinary NPV | CFD
| Long | 2713434 | 5.112 GBP |
Ordinary NPV | CFD
| Long | 336 | 5.28598214285714 GBP |
Ordinary NPV | CFD
| Long | 338 | 5.28600591715976 GBP |
Ordinary NPV | CFD
| Long | 44 | 5.28590909090909 GBP |
Ordinary NPV | CFD
| Long | 24 | 5.28583333333333 GBP |
Ordinary NPV | CFD
| Long | 93 | 5.28602150537634 GBP |
Ordinary NPV | CFD
| Long | 9388 | 5.1907 GBP |
Ordinary NPV | CFD
| Long | 313900 | 5.24791656575406 GBP |
Ordinary NPV | CFD
| Long | 307156 | 5.11097758142442 GBP |
Ordinary NPV | CFD
| Long | 62610 | 5.1680004 GBP |
Ordinary NPV | CFD
| Long | 100000 | 5.15497 GBP |
Ordinary NPV | CFD
| Long | 80113 | 5.21786102 GBP |
Ordinary NPV | CFD
| Long | 371 | 5.20900542506739 GBP |
Ordinary NPV | CFD
| Long | 158 | 5.28601265822785 GBP |
Ordinary NPV | CFD
| Long | 4432 | 114.92759477 ZAR |
Ordinary NPV | CFD
| Long | 61310 | 5.18981 GBP |
Ordinary NPV | CFD
| Long | 218483 | 114.50183355 ZAR |
Ordinary NPV | CFD
| Long | 53965 | 114.96811674 ZAR |
Ordinary NPV | CFD
| Long | 7984 | 114.1285 ZAR |
Ordinary NPV | CFD
| Long | 1564 | 114.8486 ZAR |
Ordinary NPV | CFD
| Long | 30571 | 114.9389 ZAR |
Ordinary NPV | CFD
| Long | 1123 | 5.18180018 GBP |
Ordinary NPV | CFD
| Long | 394034 | 5.19423724 GBP |
Ordinary NPV | CFD
| Long | 235931 | 5.21336055 GBP |
Ordinary NPV | CFD
| Long | 89 | 5.12445882 GBP |
Ordinary NPV | CFD
| Long | 295 | 5.113 GBP |
Ordinary NPV | CFD
| Short | 4310 | 5.239751 GBP |
Ordinary NPV | CFD
| Short | 7471 | 5.128814 GBP |
Ordinary NPV | CFD
| Short | 16604 | 5.22142 GBP |
Ordinary NPV | CFD
| Short | 11237 | 5.219623 GBP |
Ordinary NPV | CFD
| Short | 2698 | 5.26260934 GBP |
Ordinary NPV | CFD
| Short | 89246 | 5.186824 GBP |
Ordinary NPV | CFD
| Short | 53965 | 114.96811674 ZAR |
Ordinary NPV | CFD
| Short | 30571 | 114.9389 ZAR |
Ordinary NPV | CFD
| Short | 7984 | 114.1285 ZAR |
Ordinary NPV | CFD
| Short | 1564 | 114.8486 ZAR |
Ordinary NPV | CFD
| Short | 82833 | 7.08053194 USD |
Ordinary NPV | CFD
| Short | 223225 | 5.11302242132378 GBP |
Ordinary NPV | CFD
| Short | 204237 | 5.2119102 GBP |
Ordinary NPV | CFD
| Short | 22 | 5.15762 GBP |
Ordinary NPV | CFD
| Short | 49132 | 5.270846 GBP |
Ordinary NPV | CFD
| Short | 19572 | 5.272439 GBP |
Ordinary NPV | CFD
| Short | 2421 | 5.27542 GBP |
Ordinary NPV | CFD
| Short | 1638 | 5.281135 GBP |
Ordinary NPV | CFD
| Short | 785 | 5.202833 GBP |
Ordinary NPV | CFD
| Short | 947 | 5.280528 GBP |
Ordinary NPV | CFD
| Short | 2126 | 5.205162 GBP |
Ordinary NPV | CFD
| Short | 21050 | 5.278537 GBP |
Ordinary NPV | CFD
| Short | 35 | 5.267527 GBP |
Ordinary NPV | CFD
| Short | 100000 | 5.119483 GBP |
Ordinary NPV | CFD
| Short | 9277 | 5.272572 GBP |
Ordinary NPV | CFD
| Short | 753 | 5.282816 GBP |
Ordinary NPV | CFD
| Short | 92 | 5.214114 GBP |
Ordinary NPV | CFD
| Short | 1239 | 5.220844 GBP |
Ordinary NPV | CFD
| Short | 22800 | 5.272406 GBP |
Ordinary NPV | CFD
| Short | 371 | 5.112 GBP |
Ordinary NPV | CFD
| Short | 72678 | 114.73995913 ZAR |
Ordinary NPV | CFD
| Short | 4432 | 114.92759477 ZAR |
Ordinary NPV | CFD
| Short | 97297 | 5.21191019 GBP |
Ordinary NPV | CFD
| Short | 218483 | 114.50183355 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 |
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(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) |
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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
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(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: | Richard Howard |
| Telephone number: | +44 (0)207 568 9128 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk
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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