Business
Glencore plc - Rule 8.3 disclosure procedures
The Takeover Panel has outlined disclosure requirements under Rule 8.3 of the Takeover Code for Glencore and Rio Tinto, following previous announcements. Any party interested in 1% or more of relevant securities in Glencore, Rio Tinto plc, or Rio Tinto Limited must make an Opening Position Disclosure by 3:30 pm on January 22, 2026, detailing their interests and short positions. Dealings in these securities prior to this deadline require a Dealing Disclosure by the next business day. These rules apply while an offer period for Glencore is active with Rio Tinto as a potential offeror. Disclaimer*
About this update from Rio Tinto Plc
[{"type":"text","content":"\n\n2026/1\nGLENCORE PLC (\"GLENCORE\")\n \n \nRIO TINTO PLC AND RIO TINTO LIMITED (\"RIO TINTO\")\n \n \nFurther to the announcements made yesterday by Glencore and Rio Tinto, the Panel Executive has agreed with Glencore and Rio Tinto the following basis on which disclosures should be made under Rule 8.3 of the Takeover Code (the \"Code\").\n \nRio Tinto has a dual-holding company structure comprising:\n \n(a) Rio Tinto plc, a public company incorporated in England and Wales whose securities are admitted to trading on the Main Market of the London Stock Exchange; and\n \n(b) Rio Tinto Limited, a public company incorporated in Australia whose securities are admitted to trading on the Australian Securities Exchange.\n \nUnder Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of any of (i) Glencore, (ii) Rio Tinto plc or (iii) Rio Tinto Limited must make an Opening Position Disclosure. Any such Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) Glencore, (ii) Rio Tinto plc and/or (iii) Rio Tinto Limited. An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on 22 January 2026. Relevant persons who deal in relevant securities of (i) Glencore, (ii) Rio Tinto plc and/or (iii) Rio Tinto Limited prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.\n \nUnder Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of any of (i) Glencore, (ii) Rio Tinto plc or (iii) Rio Tinto Limited must make a Dealing Disclosure if the person deals in any relevant securities of (i) Glencore, (ii) Rio Tinto plc and/or (iii) Rio Tinto Limited. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) Glencore, (ii) Rio Tinto plc and/or (iii) Rio Tinto Limited, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later ...