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M&G Investments Issues Letter to Methanex Shareholders
M&G Investments Issues Letter to Methanex Shareholders M&G Investments Iss...
About this update from Methanex Corporation
[{"type":"text","content":"\n\n\n\nM&G Investments Issues Letter to Methanex Shareholders\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nM&G Investments Issues Letter to Methanex Shareholders\nCanada NewsWire\nLONDON, March 28, 2019\n\n\n\nExplains M&G Perspective on Long-Termism, Ownership and Risk \nVote Today on the BLUE Proxy Card to Elect M&G's Four Highly-Qualified Nominees to the Board \n LONDON, March 28, 2019 /CNW/ -- M&G Investments, the investment manager of approximately 16.5% of the shares of Methanex Corporation (\"Methanex\" or the \"Company\") (TSX:MX) (Nasdaq: MEOH) today released the following open letter to its fellow shareholders. \nDear Methanex Shareholders, \nIn light of our nomination of four highly-qualified director nominees, Lawrence Cunningham, Paul Dobson, Patrice Merrin and Kevin Rodgers, for the Board of Methanex, we wanted to take the opportunity to share our views on long-term investing, ownership and risk.  \nOur fundamental investment strategy is this: we invest for the long-term, we favor long-term value creation at the companies in which we invest, and we encourage those companies to minimize risk and to maintain an appropriate and conservative asset allocation approach. \nIt is precisely because of those basic principles, and because of our concerns about Methanex's corporate governance, that we have made the decision to provide Methanex shareholders with the opportunity to elect four new, highly-qualified, independent directors.\nA Long-Term PerspectiveWe have been significant owners of Methanex for more than 10 years. Under appropriate circumstances we would continue to own Methanex indefinitely. Notably, there are companies that we have owned for extremely long periods of time – some positions spanning several decades. This reflects our judgement that after we have identified a company that meets our investment standards, we should become a resource for that company, providing encouragement and suggestions as appropriate. Significant mismanagement of the Company is one of the very few reasons we would change this a...