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METHANEX CORP — Major Shareholding Notification 2020
Mar 11, 2020
31356_mrq_2020-03-11_19c8059f-40b3-44f7-bcf1-d28de956bc27.zip
Major Shareholding Notification
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SC 13D/A 1 d787096dsc13da.htm METHANEX CORPORATION Methanex Corporation
United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
**(Amendment No. 12) ***
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)
12 April 2019
(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).
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 | 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 |
2
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 | 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 | 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. 12 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 April 12, 2019, the Issuer announced a cooperation agreement with the Reporting Persons pursuant to which the Issuer recommended Paul Dobson for election to the Issuers Board of Directors at the annual meeting of the Issuer held on April 25, 2019. The full text of the accompanying press release issued in connection with delivering the notice is attached hereto as Exhibit 99.3 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 | Transact ion 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
| 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
| 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
| 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 99.3 Press Release, dated April 12, 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 10, 2020
| M&G Investment Management Limited | |
|---|---|
| By: | ● |
| Mark Thomas, Head of Regulatory Reporting, M&G |
| M&G Global Dividend Fund | |
|---|---|
| By: | M&G Investment Management Limited, its manager |
| By: |
|---|
| Mark Thomas, Head of Regulatory Reporting, M&G |
| M&G (Lux) Investment Funds 1 | |
|---|---|
| By: | M&G Investment Management Limited, its manager |
| By: |
|---|
| Mark Thomas, Head of Regulatory Reporting, M&G |
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