ALBEMARLE CORPORATION 40,000,000 Depositary Shares Each representing a 1/20th Interest in a Share of 7.25% Series A Mandatory Convertible Preferred Stock, without par value (initial liquidation preference of $1,000 per share) Underwriting AgreementUnderwriting Agreement • March 8th, 2024 • Albemarle Corp • Plastic materials, synth resins & nonvulcan elastomers • New York
The Shares will be issued pursuant to a deposit agreement (the “Deposit Agreement”), to be dated as of March 8, 2024, among the Company, Equiniti Trust Company, LLC, as depositary (the “Depositary”), and holders from time to time of the Shares. Each Share will initially represent the right to receive a 1/20th interest in a share of the Preferred Stock pursuant to the Deposit Agreement. The Preferred Stock, when issued, will be deposited against delivery of depositary receipts (the “Depositary Receipts”), which will evidence the Shares and will be issued by the Depositary under the Deposit Agreement.
7.25% SERIES A MANDATORY CONVERTIBLE PREFERRED STOCK OF ALBEMARLE CORPORATION DEPOSIT AGREEMENT among ALBEMARLE CORPORATION, EQUINITI TRUST COMPANY, LLC, as Depositary and THE HOLDERS FROM TIME TO TIME OF THE DEPOSITARY RECEIPTS DESCRIBED HEREIN Dated...Deposit Agreement • March 8th, 2024 • Albemarle Corp • Plastic materials, synth resins & nonvulcan elastomers • New York
THIS DEPOSIT AGREEMENT dated as of March 8, 2024 among (i) ALBEMARLE CORPORATION, a Virginia corporation (the “Corporation”), (ii) EQUINITI TRUST COMPANY, LLC, a New York limited liability trust company (the “Depositary”) and (iii) the Record Holders from time to time of the Receipts described in this Agreement.
