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2 Feb 2026 12:13
This announcement replaces the previous RNS announcement 1310R released at 11:58 on the 30th of January 2026. Amendments to section 2a. All other information remains unchanged.
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: | 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" | NA : |
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
| 6464279 | 5.33400 GBP | 4.15475 GBP |
Ordinary NPV | Sell
| 8565623 | 5.33400 GBP | 5.05000 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 | 10191 | 114.0874 ZAR |
Ordinary NPV | CFD
| Long | 6643 | 114.27607406 ZAR |
Ordinary NPV | CFD
| Long | 41958 | 5.116385 GBP |
Ordinary NPV | CFD
| Long | 69633 | 5.22943934 GBP |
Ordinary NPV | CFD
| Long | 2030 | 115.63173399 ZAR |
Ordinary NPV | CFD
| Long | 63285 | 5.196825 GBP |
Ordinary NPV | CFD
| Long | 744 | 5.2485 GBP |
Ordinary NPV | CFD
| Long | 403 | 5.241 GBP |
Ordinary NPV | CFD
| Long | 4539 | 5.245 GBP |
Ordinary NPV | CFD
| Long | 737 | 5.085 GBP |
Ordinary NPV | CFD
| Long | 852 | 5.0885 GBP |
Ordinary NPV | CFD
| Long | 3624 | 5.334 GBP |
Ordinary NPV | CFD
| Long | 79363 | 5.21582265 GBP |
Ordinary NPV | CFD
| Long | 508 | 5.325 GBP |
Ordinary NPV | CFD
| Long | 4155 | 5.21 GBP |
Ordinary NPV | CFD
| Long | 99 | 5.2559595959596 GBP |
Ordinary NPV | CFD
| Long | 500 | 5.148 GBP |
Ordinary NPV | CFD
| Long | 7320 | 5.25437990382514 GBP |
Ordinary NPV | CFD
| Long | 2362043 | 5.19882 GBP |
Ordinary NPV | CFD
| Long | 54 | 5.25592592592593 GBP |
Ordinary NPV | CFD
| Long | 252 | 5.25599206349206 GBP |
Ordinary NPV | CFD
| Long | 447 | 5.25599552572707 GBP |
Ordinary NPV | CFD
| Long | 547 | 5.25599634369287 GBP |
Ordinary NPV | CFD
| Long | 46 | 5.19891304347826 GBP |
Ordinary NPV | CFD
| Long | 14120 | 114.4567238 ZAR |
Ordinary NPV | CFD
| Long | 29606 | 114.4157 ZAR |
Ordinary NPV | CFD
| Long | 3464 | 114.4032 ZAR |
Ordinary NPV | CFD
| Long | 11962 | 5.3118 GBP |
Ordinary NPV | CFD
| Long | 4626 | 5.233184 GBP |
Ordinary NPV | CFD
| Long | 14868 | 5.079 GBP |
Ordinary NPV | CFD
| Long | 2265 | 5.203422 GBP |
Ordinary NPV | CFD
| Long | 1409 | 5.07893651 GBP |
Ordinary NPV | CFD
| Long | 43659 | 5.214478 GBP |
Ordinary NPV | CFD
| Long | 1347 | 5.155203 GBP |
Ordinary NPV | CFD
| Long | 96550 | 5.10574593 GBP |
Ordinary NPV | CFD
| Long | 2581 | 113.52151492 ZAR |
Ordinary NPV | CFD
| Long | 542 | 114.975 ZAR |
Ordinary NPV | CFD
| Long | 18386 | 114.6971 ZAR |
Ordinary NPV | CFD
| Long | 339402 | 114.08192512 ZAR |
Ordinary NPV | CFD
| Short | 29606 | 114.4157 ZAR |
Ordinary NPV | CFD
| Short | 274 | 5.215709 GBP |
Ordinary NPV | CFD
| Short | 14120 | 114.4567238 ZAR |
Ordinary NPV | CFD
| Short | 3464 | 114.4032 ZAR |
Ordinary NPV | CFD
| Short | 5605 | 5.31606423 GBP |
Ordinary NPV | CFD
| Short | 5660 | 5.33164 GBP |
Ordinary NPV | CFD
| Short | 11052 | 114.697045 ZAR |
Ordinary NPV | CFD
| Short | 7334 | 114.697072 ZAR |
Ordinary NPV | CFD
| Short | 434 | 5.17149985 GBP |
Ordinary NPV | CFD
| Short | 568621 | 5.16983088 GBP |
Ordinary NPV | CFD
| Short | 339402 | 114.08192512 ZAR |
Ordinary NPV | CFD
| Short | 542 | 114.975 ZAR |
Ordinary NPV | CFD
| Short | 1999 | 5.205 GBP |
Ordinary NPV | CFD
| Short | 621 | 5.2 GBP |
Ordinary NPV | CFD
| Short | 3096 | 5.22 GBP |
Ordinary NPV | CFD
| Short | 1277 | 5.213 GBP |
Ordinary NPV | CFD
| Short | 68733 | 5.221438 GBP |
Ordinary NPV | CFD
| Short | 10000 | 5.12 GBP |
Ordinary NPV | CFD
| Short | 100000 | 5.1461208 GBP |
Ordinary NPV | CFD
| Short | 200000 | 5.07934425 GBP |
Ordinary NPV | CFD
| Short | 100000 | 5.1134795 GBP |
Ordinary NPV | CFD
| Short | 206803 | 5.079 GBP |
Ordinary NPV | CFD
| Short | 6643 | 114.27607406 ZAR |
Ordinary NPV | CFD
| Short | 1443 | 5.08741523984754 GBP |
Ordinary NPV | CFD
| Short | 72691 | 5.1748009997 GBP |
Ordinary NPV | CFD
| Short | 2581 | 113.52151492 ZAR |
Ordinary NPV | CFD
| Short | 10191 | 114.0874 ZAR |
Ordinary NPV | CFD
| Short | 14287 | 5.1715 GBP |
Ordinary NPV | CFD
| Short | 174127 | 7.13647159 USD |
Ordinary NPV | CFD
| Short | 18095 | 5.2988 GBP |
Ordinary NPV | CFD
| Short | 3507 | 5.309481 GBP |
Ordinary NPV | CFD
| Short | 57145 | 5.181366 GBP |
Ordinary NPV | CFD
| Short | 5874 | 5.11324311 GBP |
Ordinary NPV | CFD
| Short | 834100 | 5.16140197818007 GBP |
Ordinary NPV | CFD
| Short | 274 | 5.215552 GBP |
Ordinary NPV | CFD
| Short | 92 | 5.215052 GBP |
Ordinary NPV | CFD
| Short | 2030 | 115.63173399 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: | 02 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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