Company: CENX
Filing Date: 2025-11-12
Form Type: SCHEDULE 13D/A
Source: 0001104659-25-109946
Chunk: 0

Company: CENTURY ALUMINUM CO
Filing Date: 2025-11-12
Form: SCHEDULE 13D/A
Chunk 0
---
 debt exchange offers if and to the extent the aggregate cumulative number of shares of Common Stock or their equivalent issued in debt exchanges in any twelve month period prior to November 4, 2010 would equal or exceed 30 million shares.  The right to acquire securities will terminate if the Reporting Persons beneficially own (within the meaning of Rule13d-3) less than 10% of the Common Stock for a period of three continuous months. 
 Irrevocable Proxies: On September 14, 2017, Glencore AG granted to the Chief Accounting Officer and the Treasurer of the Company a five-year irrevocable proxy (the "2017 Glencore Irrevocable Proxy") to vote, as directed by Glencore AG, all shares of Common Stock that Glencore AG owns of record from time to time, provided that the proxies must limit the number of such shares they vote on each matter submitted to the stockholders such that the number of such shares they vote, when added to other shares that Glencore AG and its affiliates have the right to vote (including the Specified Shares), do not equal or exceed 50% of the total number of shares voted by all stockholders. The Glencore Irrevocable Proxy expired in accordance with its terms on September 14, 2022. On March 23, 2023, the Reporting Persons granted to the Chief Accounting Officer and the Treasurer of the Company a five-year irrevocable proxy (the "2023 Glencore Irrevocable Proxy") on the same terms as the 2017 Glencore Irrevocable Proxy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
 Security Deeds: On December 1, 2023, Glencore International and Glencore AG together pledged 39,655,115 shares of Common Stock in aggregate (the "Pledged Shares") to HSBC Bank PLC as lender, to secure a revolving loan facility made available to Glencore International (the "2023 Credit Facility"). The 2023 Credit Facility remains available until terminated by the lender. The 2023 Credit Facility and the related deeds of security pursuant to which each of the pledgors granted the pledge of the Pledged Shares owned by it (the "2023 Security Deeds") contain covenants, events of default and other terms and conditions customary for facilities of this type. Glencore International's obligations under the 2023 Credit Facility are guaranteed by Glenc