Methanex (MEOH) to Repurchase up to ~4.5M Shares

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Go back to Methanex (MEOH) to Repurchase up to ~4.5M Shares

Methanex Announces a 5% Share Repurchase Program

March 6, 2017 8:31 AM EST

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/06/17 -- Methanex Corporation (the "Company") (TSX: MX) (NASDAQ: MEOH) announced today that its Board of Directors has approved a Normal Course Issuer Bid ("NCIB") whereby the Company will purchase for cancellation up to 4,492,141 common shares ("Shares"), representing approximately 5% of the 89,842,838 Shares issued and outstanding.

John Floren, President and CEO of Methanex commented, "Our announcement of a new share repurchase program builds on a long track record of returning excess cash to shareholders. Our methanol production and sales volumes are at... More