Methanex Announces Board Approval of a 5% Share Repurchase Program
Key Highlights
- ➤Methanex authorized repurchases of up to 3,868,213 shares, representing 5% of shares outstanding
- ➤NCIB purchases may begin November 4, 2026 and end by November 3, 2027
- ➤Purchased shares will be cancelled, returning additional capital to shareholders
- ➤Repurchases will occur at prevailing market prices through Nasdaq and U.S. alternative trading systems
Expert Statements
Rich Sumner, President and CEO of Methanex Corporation
“With strong operational results and high methanol prices, we are making great progress on de-leveraging to a stronger and more resilient balance sheet and we are pleased to announce the opening of this share repurchase program that will allow us to return additional capital to our shareholders.”
VANCOUVER, British Columbia, Oct. 29, 2026 (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 be entitled to purchase for cancellation up to 3,868,213 common shares (“Shares”), representing 5% of the 77,364,263 Shares issued and outstanding as of October 29, 2026. Purchases under the NCIB may commence on November 4, 2026 and end no later than November 3, 2027. Any purchases will be made from time to time at the then current market price of the Shares and all Shares purchased under the NCIB will be cancelled.
Rich Sumner, President and CEO, Methanex Corporation, stated, “With strong operational results and high methanol prices, we are making great progress on de-leveraging to a stronger and more resilient balance sheet and we are pleased to announce the opening of this share repurchase program that will allow us to return additional capital to our shareholders.”
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