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Form 8 OPD Announcement
Glencore plc
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
ISIN: JE00B4T3BW64
LEI: 2138002658CPO9NBH955
Baar, Switzerland
22 January 2026
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: Glencore plc
(b) Owner or controller of interests and short N/A
positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is
insufficient. For a trust, the trustee(s), settlor and
beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose Glencore plc
relevant securities this form relates:
Use a separate form for each offeror/offeree
(d) Is the discloser the offeror or the offeree? Offeree
(e) Date position held: 21 January 2026
The latest practicable date prior to the disclosure
(f) In addition to the company in 1(c) above, is the Yes
discloser making disclosures in respect of any
other party to the offer? If Yes, specify which:
If it is a cash offer or possible cash offer, state "N/A"
Rio Tinto plc and Rio Tinto Limited
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant
securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for
each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree
to which the disclosure relates
Class of relevant security: Ordinary Shares of no par value
Interests Short positions
Number % Number %
(1) Relevant securities owned NIL - NIL -
and/or controlled:
(2) Cash-settled derivatives: NIL - NIL -
(3) Stock-settled derivatives NIL - NIL -
(including options) and
agreements to purchase/sell:
NIL - NIL -
TOTAL:
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or
agreements to purchase or sell relevant securities, should be given on a Supplemental
Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements
should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
Class of relevant security in relation to N/A
which subscription right exists:
Details, including nature of the rights N/A
concerned and relevant percentages:
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE
OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including directors'
and other employee options) of any person acting in concert with the party to the offer
making the disclosure:
(a) Interests in Glencore plc (Glencore) held by Glencore directors (together with their
close relatives and related trusts of any of them):
Director Ordinary shares of no par Percentage of issued share
value in Glencore capital*
Gary Nagle 3,452,919 0.02%
John Wallington 500 0.00%
Martin Gilbert 115,000 0.00%
Liz Hewett 85,049 0.00%
María Margarita Zuleta 66,031 0.00%
* Percentages are calculated on the basis of 11,743,755,559 ordinary shares of no par value in issue as of the share
register dated 8 January 2026 (excluding treasury shares). Figures are rounded to 2.d.p.
(b) Interests held as options or awards under the share plans of Glencore by the
directors of Glencore (together with their close relatives and related trusts of any of
them):
Director Scheme Date of Number of Exercise Vesting period
Grant shares in price per
the capital Glencore
of share
Glencore
under
option
Gary Nagle RSP award 23/03/23 608,622 Nil 23/03/23 - 22/03/26
RSP award 19/03/24 725,277 Nil 19/03/24 - 18/03/27
Career 17/03/25 2,374,395 Nil 17/03/25 - 16/03/28
shares
Bonus 23/03/23 316,399 Nil 23/03/23 - 22/03/26
deferred
shares
Bonus 19/03/24 334,101 Nil 19/03/24 - 18/03/27
deferred
shares
Total - 4,358,794 - -
Details of any open stock-settled derivative positions (including traded options), or
agreements to purchase or sell relevant securities, should be given on a Supplemental Form
8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements
should be disclosed on a Supplemental Form 8 (SBL).
4. 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 party to the offer making the disclosure or
any person acting in concert with it:
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 party to the offer making the disclosure, or any person acting in concert with it, 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
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) No
Supplemental Form 8 (SBL) No
Date of disclosure: 22 January 2026
Contact name: John Burton, Company Secretary
Telephone number: +41 41 709 2000
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
disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 22-01-2026 09:00:00
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