Filing Details

 

United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 11) *

Methanex Corporation

 

(Name of Issuer)

Common Stock

 

(Title of Class of Securities)

59151K108

 

(CUSIP Number)

Rupert Krefting

Head of Corporate Finance and Stewardship

M&G Investment Management Limited

10 Fenchurch Avenue

London EC3M 5AG

+44 (0) 207 548 6600

With a copy to:

Richard M. Brand

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

(212) 504-6000

 

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

6 March 2020

 

(Date of Event which requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(Dor 240.13d-1(g), check the following box.  ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §§240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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CUSIP No. 59151K108		13D

 

1.		NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   M&G Investment Management Limited No I.R.S. Identification Number
2.		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)   (a)      ☐ (b)      ☐
3.		SEC USE ONLY
4.		SOURCE OF FUNDS (see instructions)   OO
5.		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)        ☐
6.		CITIZENSHIP OR PLACE OF ORGANIZATION   United Kingdom, England

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH				7.		SOLE VOTING POWER   13,376,278
				8.		SHARED VOTING POWER   0
				9.		SOLE DISPOSITIVE POWER   13,376,278
				10.		SHARED DISPOSITIVE POWER   0

11.		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   13,376,278
12.		CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)  ☐
13.		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   17.55%
14.		TYPE OF REPORTING PERSON (see instructions)   IA

 

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CUSIP No. 59151K108		13D

 

1.		NAMES OF REPORTING PERSONS I.RS. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   M&G Global Dividend Fund No I.R.S. Identification Number
2.		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)   (a)      ☐ (b)      ☐
3.		SEC USE ONLY
4.		SOURCE OF FUNDS (see instructions)   00
5.		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS   2(d) OR 2(e)        ☐
6.		CITIZENSHIP OR PLACE OF ORGANIZATION   United Kingdom, England

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH				7.		SOLE VOTING POWER   0
				8.		SHARED VOTING POWER   0
				9.		SOLE DISPOSITIVE POWER   0
				10.		SHARED DISPOSITIVE POWER   0

11.		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   5,277,570
12.		CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)     ☐
13.		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   6.92%
14.		TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)   IV

 

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CUSIP No. 59151K108		13D

 

1.		NAMES OF REPORTING PERSONS I.RS. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   M&G (Lux) Investment Funds 1 No I.R.S. Identification Number
2.		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)   (a)      ☐ (b)      ☐
3.		SEC USE ONLY
4.		SOURCE OF FUNDS (see instructions)   00
5.		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS   2(d) or 2(e)        ☐
6.		CITIZENSHIP OR PLACE OF ORGANIZATION   United Kingdom, England

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH				7.		SOLE VOTING POWER   0
				8.		SHARED VOTING POWER   0
				9.		SOLE DISPOSITIVE POWER   0
				10.		SHARED DISPOSITIVE POWER   0

11.		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   4,651,033
12.		CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)     ☐
13.		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   6.10%
14.		TYPE OF REPORTING PERSON (see instructions)   IV

 

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CUSIP No. 59151K108		13D

This amendment No. 11 to Schedule 13D amends and supplements the Schedule 13D filed on March 24, 2017, as amended prior to the date of this amendment (as so amended, the Original Schedule 13D), by (i) M&G Investment Management Limited, a company incorporated under the laws of England and Wales (M&G Investment Management), (ii) M&G Global Dividend Fund, an Open-Ended Investment Company, with variable capital, incorporated under the laws of England and Wales (Dividend Fund), and (iii) M&G (Lux) Investment Funds 1, a Société dInvestissement à Capital Variable, incorporated under the laws of Luxembourg (Lux Investment Funds, together with M&G Investment Management and Dividend Fund, the Reporting Persons). Capitalized terms used but not defined in this amendment shall have the meanings set forth in the Original Schedule 13D.

Item 1. Security and Issuer.

This statement relates to the shares of common stock of Methanex Corp, a British Columbia corporation (the Issuer). The address of the principal executive offices is:

1800 Waterfront Centre, 200 Burrard Street, Vancouver, BC, V6C 3M1, Canada

Item 2. Identity and Background.

Not Applicable.

Item 3. Source or Amount of Funds or Other Consideration.

Not Applicable.

Item 4. Purpose of Transaction.

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following information:

On March 25, 2019, the Reporting Persons delivered a notice of nomination to the Board of Directors of the Issuer to nominate four directors for election at the annual meeting of the Issuer on April 25, 2019. The full text of the accompanying press release that was issued in connection with delivering the notice of nomination is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

Item 5. Interest in Securities of the Issuer.

 

(a)	M&G Investment Management Limited (MAGIM) beneficially own 13,376,278 shares of Common Stock, which represents approximately 17.55% of 76,196,080 outstanding shares of Common Stock of Methanex, as published by the Issuer on January 29, 2020.

 

(b)	M&G Investment Management has sole voting and investment discretion with respect to the shares.

 

(c)	The table below details all transactions since the last 13D filed, on behalf of the Reporting Persons identified above on April 12, 2019, until the date of this filing.

 

Acquirer/Disposer		Trade Date		Transaction Type		Amount of   Shares		Price Per   Share		Where/How Effected
M&G Investment Management Limited		10-May-19		SELL		8,750		$48.30		Internal Transfer

 

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M&G Investment Management Limited		10-May-19		BUY		8,750		$48.30		Internal Transfer
M&G Investment Management Limited		21-Jun-19		SELL		1,795		$46.42		On Market
M&G Investment Management Limited		26-Jun-19		SELL		638		$44.89		On Market
M&G Investment Management Limited		27-Jun-19		BUY		1,417		$45.20		On Market
M&G Investment Management Limited		03-Jul-19		SELL		948		$44.50		On Market
M&G Investment Management Limited		09-Jul-19		SELL		3,532		$43.07		On Market
M&G Investment Management Limited		10-Jul-19		BUY		3,446		$43.18		On Market
M&G Investment Management Limited		02-Aug-19		BUY		33,199		$34.18		On Market
M&G Investment Management Limited		05-Aug-19		BUY		11,594		$32.98		On Market
M&G Investment Management Limited		07-Aug-19		BUY		33,644		$32.57		On Market
M&G Investment Management Limited		15-Aug-19		SELL		172,996		$32.00		On Market
M&G Investment Management Limited		15-Aug-19		SELL		31,004		$32.00		On Market
M&G Investment Management Limited		15-Aug-19		SELL		84,802		$31.98		On Market
M&G Investment Management Limited		15-Aug-19		SELL		15,198		$31.98		On Market
M&G Investment Management Limited		16-Aug-19		SELL		15,047		$32.32		On Market
M&G Investment Management Limited		16-Aug-19		SELL		7,751		$32.29		Internal Transfer
M&G Investment Management Limited		16-Aug-19		BUY		51,000		$32.29		Internal Transfer
M&G Investment Management Limited		16-Aug-19		SELL		43,249		$32.29		Internal Transfer
M&G Investment Management Limited		16-Aug-19		SELL		83,953		$32.32		On Market
M&G Investment Management Limited		28-Aug-19		SELL		8,681		$30.63		On Market
M&G Investment Management Limited		04-Sep-19		BUY		128,000		$32.06		Internal Transfer
M&G Investment Management Limited		04-Sep-19		SELL		210,000		$32.06		Internal Transfer
M&G Investment Management Limited		04-Sep-19		BUY		6,800		$32.32		Internal Transfer

 

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M&G Investment Management Limited		04-Sep-19		BUY		82,000		$32.06		Internal Transfer
M&G Investment Management Limited		04-Sep-19		SELL		6,800		$32.32		Internal Transfer
M&G Investment Management Limited		11-Sep-19		SELL		5,048		$36.68		On Market
M&G Investment Management Limited		04-Oct-19		BUY		205,267		$34.23		Internal Transfer
M&G Investment Management Limited		04-Oct-19		BUY		5,236		$34.23		Internal Transfer
M&G Investment Management Limited		04-Oct-19		BUY		105,000		$34.23		Internal Transfer
M&G Investment Management Limited		04-Oct-19		BUY		4,000		$34.23		Internal Transfer
M&G Investment Management Limited		04-Oct-19		BUY		9,140		$34.23		Internal Transfer
M&G Investment Management Limited		04-Oct-19		SELL		328,643		$34.23		Internal Transfer
M&G Investment Management Limited		21-Oct-19		SELL		2,446		$36.36		On Market
M&G Investment Management Limited		22-Oct-19		SELL		5,156		$35.31		On Market
M&G Investment Management Limited		25-Oct-19		BUY		913		$36.95		On Market
M&G Investment Management Limited		28-Oct-19		SELL		5,126		$38.96		Internal Transfer
M&G Investment Management Limited		28-Oct-19		BUY		5,126		$38.96		Internal Transfer
M&G Investment Management Limited		30-Oct-19		BUY		1,175		$38.22		On Market
M&G Investment Management Limited		05-Nov-19		BUY		5,743		$40.77		Internal Transfer
M&G Investment Management Limited		05-Nov-19		BUY		850		$40.77		Internal Transfer
M&G Investment Management Limited		05-Nov-19		BUY		2,707		$40.77		Internal Transfer
M&G Investment Management Limited		05-Nov-19		SELL		9,300		$40.77		Internal Transfer
M&G Investment Management Limited		25-Nov-19		BUY		14,437		$38.74		On Market
M&G Investment Management Limited		25-Nov-19		BUY		42,485		$38.74		On Market
M&G Investment Management Limited		26-Nov-19		BUY		20,563		$38.18		On Market
M&G Investment Management Limited		26-Nov-19		BUY		60,515		$38.18		On Market

 

7

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M&G Investment Management Limited		05-Dec-19		SELL		5,154		$34.78		Internal Transfer
M&G Investment Management Limited		05-Dec-19		BUY		5,154		$34.78		Internal Transfer
M&G Investment Management Limited		24-Dec-19		BUY		9,612		$38.80		On Market
M&G Investment Management Limited		24-Dec-19		BUY		1,300		$38.80		On Market
M&G Investment Management Limited		27-Dec-19		BUY		200		$38.80		On Market
M&G Investment Management Limited		08-Jan-20		BUY		44,690		$37.61		On Market
M&G Investment Management Limited		08-Jan-20		BUY		31,270		$37.61		On Market
M&G Investment Management Limited		09-Jan-20		BUY		3,668		$37.97		On Market
M&G Investment Management Limited		09-Jan-20		BUY		5,241		$37.97		On Market
M&G Investment Management Limited		13-Jan-20		SELL		183,108		$39.10		On Market
M&G Investment Management Limited		14-Jan-20		BUY		12,985		$39.76		Internal Transfer
M&G Investment Management Limited		14-Jan-20		SELL		83,866		$39.53		On Market
M&G Investment Management Limited		14-Jan-20		SELL		33,426		$39.76		Internal Transfer
M&G Investment Management Limited		14-Jan-20		BUY		20,441		$39.76		Internal Transfer
M&G Investment Management Limited		31-Jan-20		BUY		7,934		$32.41		On Market
M&G Investment Management Limited		31-Jan-20		BUY		22,918		$32.41		On Market
M&G Investment Management Limited		07-Feb-20		BUY		21,000		$33.00		On Market
M&G Investment Management Limited		07-Feb-20		BUY		14,500		$33.00		On Market
M&G Investment Management Limited		07-Feb-20		BUY		14,500		$33.00		On Market
M&G Investment Management Limited		14-Feb-20		BUY		7,400		$33.69		Internal Transfer
M&G Investment Management Limited		14-Feb-20		BUY		19,740		$33.69		On Market
M&G Investment Management Limited		14-Feb-20		BUY		17,720		$33.69		On Market
M&G Investment Management Limited		14-Feb-20		SELL		7,400		$33.69		Internal Transfer

 

8

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M&G Investment Management Limited		14-Feb-20		BUY		9,240		$33.69		On Market
M&G Investment Management Limited		18-Feb-20		BUY		17,458		$32.95		On Market
M&G Investment Management Limited		18-Feb-20		BUY		19,448		$32.95		On Market
M&G Investment Management Limited		18-Feb-20		BUY		9,103		$32.95		On Market
M&G Investment Management Limited		19-Feb-20		BUY		12,498		$33.11		On Market
M&G Investment Management Limited		19-Feb-20		BUY		11,219		$33.11		On Market
M&G Investment Management Limited		19-Feb-20		BUY		5,849		$33.11		On Market
M&G Investment Management Limited		20-Feb-20		BUY		13,908		$34.26		On Market
M&G Investment Management Limited		20-Feb-20		BUY		12,484		$34.26		On Market
M&G Investment Management Limited		20-Feb-20		BUY		6,510		$34.26		On Market
M&G Investment Management Limited		21-Feb-20		BUY		16,524		$33.86		On Market
M&G Investment Management Limited		21-Feb-20		BUY		35,305		$33.86		On Market
M&G Investment Management Limited		21-Feb-20		BUY		31,691		$33.86		On Market
M&G Investment Management Limited		24-Feb-20		BUY		12,986		$32.13		On Market
M&G Investment Management Limited		24-Feb-20		BUY		15,046		$32.13		On Market
M&G Investment Management Limited		24-Feb-20		BUY		7,347		$32.13		On Market
M&G Investment Management Limited		25-Feb-20		BUY		19,649		$31.42		On Market
M&G Investment Management Limited		25-Feb-20		BUY		40,240		$31.42		On Market
M&G Investment Management Limited		25-Feb-20		BUY		34,732		$31.42		On Market
M&G Investment Management Limited		26-Feb-20		BUY		63,969		$29.77		On Market
M&G Investment Management Limited		26-Feb-20		BUY		74,111		$29.77		On Market
M&G Investment Management Limited		26-Feb-20		BUY		38,900		$29.77		On Market
M&G Investment Management Limited		27-Feb-20		BUY		33,500		$28.12		On Market

 

9

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M&G Investment Management Limited		27-Feb-20		BUY		54,000		$28.12		On Market
M&G Investment Management Limited		27-Feb-20		BUY		22,500		$28.12		On Market
M&G Investment Management Limited		28-Feb-20		BUY		27,019		$27.94		On Market
M&G Investment Management Limited		28-Feb-20		BUY		47,341		$27.94		On Market
M&G Investment Management Limited		28-Feb-20		BUY		55,025		$27.94		On Market
M&G Investment Management Limited		02-Mar-20		BUY		522		$28.29		On Market
M&G Investment Management Limited		02-Mar-20		BUY		11,489		$29.28		On Market
M&G Investment Management Limited		02-Mar-20		BUY		1,063		$28.29		On Market
M&G Investment Management Limited		02-Mar-20		BUY		17,914		$29.28		On Market
M&G Investment Management Limited		02-Mar-20		BUY		915		$28.29		On Market
M&G Investment Management Limited		02-Mar-20		BUY		7,242		$29.28		On Market
M&G Investment Management Limited		04-Mar-20		SELL		6,000		$28.70		Internal Transfer
M&G Investment Management Limited		04-Mar-20		BUY		20,400		$28.96		On Market
M&G Investment Management Limited		04-Mar-20		BUY		6,000		$28.70		Internal Transfer
M&G Investment Management Limited		04-Mar-20		BUY		33,600		$28.96		On Market
M&G Investment Management Limited		04-Mar-20		BUY		58,000		$28.96		On Market

 

(d)	To the best knowledge of the reporting persons, no person other than the reporting persons identified in this Schedule 13D have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned identified herein.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Not Applicable.

Item 7. Material to Be Filed as Exhibits.

Item 7 of the Schedule 13D is hereby amended and supplemented by adding the following information:

Exhibit 99.2    Press Release, dated March 25, 2019

 

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: March 6, 2020

 

 

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