Business
Sale of Shares of Methanex Corporation
OCI Global (Euronext: OCI), ("OCI") announced today that its wholly owned subsidiary OCI Chemicals B.V. has sold 3,331,346 common shares ("Shares") of Methanex Corporation ("Methanex"), representing approximately 4.3% of the issued and outstanding Shares (the "Disposition"). The sale price was US$51.80 per share, resulting in net proceeds of approximately US$172.6 million, after customary fees and expenses. The Disposition was made on 13 March 2026 as a block trade.
About this update from Methanex Corporation
[{"type":"text","content":"AMSTERDAM, March 16, 2026 /PRNewswire/ -- OCI Global (Euronext: OCI), ("OCI") announced today that its wholly owned subsidiary OCI Chemicals B.V. has sold 3,331,346 common shares ("Shares") of Methanex Corporation ("Methanex"), representing approximately 4.3% of the issued and outstanding Shares (the "Disposition"). The sale price was US$51.80 per share, resulting in net proceeds of approximately US$172.6 million, after customary fees and expenses. The Disposition was made on 13 March 2026 as a block trade.","length":552,"tagName":"p"},{"type":"text","content":"Immediately prior to the Disposition, OCI had beneficial ownership of, or control and direction over, 9,944,308 Shares, representing approximately 12.9% of the issued and outstanding Shares. As a result of the Disposition, OCI now owns or exercises control or direction over an aggregate of 6,612,962 Shares, representing approximately 8.6% of the issued and outstanding Shares.","length":378,"tagName":"p"},{"type":"text","content":"A copy of the early warning report to be filed by OCI in connection with the Disposition will be available on Methanex's profile on SEDAR+ at www.sedarplus.ca. A copy may also be obtained by contacting OCI (details below).","length":226,"tagName":"p"},{"type":"text","content":"About OCI Global","length":16,"tagName":"p"},{"type":"text","content":"Learn more about OCI at www.oci-global.com. You can also follow OCI on LinkedIn.","length":80,"tagName":"p"},{"type":"text","content":"Additional Information","length":22,"tagName":"p"},{"type":"text","content":"OCI effected the Disposition for investment purposes. Depending on market conditions and other factors, including Methanex's business and financial condition, OCI may in future acquire securities of Methanex or sell some or all of the securities of Methanex that it may own at any such time.","length":295,"tagName":"p"},{"type":"text","content":"Cautionary Statement on Forward-Looking Information","length":51,"tagName":"p"},{"type":"text","content":"Certain information contained in this press release, including any information relating to OCI's investment in Methanex, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "may" and "wil...