Methanex (MEOH) Announces 5% Share Repurchase Program

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Go back to Methanex (MEOH) Announces 5% Share Repurchase Program

Methanex Announces A 5% Share Repurchase Program

March 11, 2019 8:30 AM EDT

VANCOUVER, British Columbia, March 11, 2019 (GLOBE NEWSWIRE) -- Methanex Corporation (the Company or Methanex) (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 3,863,298 common shares ("Shares"), representing approximately 5% of the 77,265,973 Shares issued and outstanding as of March 8, 2019. Purchases under the NCIB will commence on March 18, 2019 and end no later than March 17, 2020. Purchases will be made from time to time at the then current market price of the Shares and all Shares... More