Methanex President & CEO Intends to Purchase Shares to Increase Holdings
March 09 2009 - 5:00PM
Marketwired
Methanex Corporation (TSX: MX)(NASDAQ: MEOH)(SANTIAGO:
Methanex)announced today that Bruce Aitken, President and Chief
Executive Officer, plans to purchase up to 40,000 additional
Methanex common shares. The purchase is expected to occur between
March 16th and the end of May 2009 through the facilities of the
Toronto Stock Exchange.
Methanex has in place Share Ownership Guidelines under which Mr.
Aitken is required to hold Methanex common shares and share
equivalents having a value of at least five times his base salary.
Subsequent to this intended purchase, Mr. Aitken will hold
approximately 415,000 Methanex common shares or share equivalents
and continue to hold in excess of the Share Ownership
Guidelines.
This announcement is being made by way of press release in
keeping with a Methanex governance policy that requires intended
transactions in Methanex securities by the President and CEO of
Methanex to be publicly disclosed no less than five business days
in advance of the intended transaction. Ownership and trading
history of Methanex securities by Methanex insiders is publicly
available and may be viewed at www.sedi.ca.
Methanex is a Vancouver-based, publicly traded company and is
the world's largest supplier of methanol to major international
markets. Methanex shares are listed for trading on the Toronto
Stock Exchange in Canada under the trading symbol "MX"; on the
NASDAQ Global Market in the United States under the trading symbol
"MEOH"; and on the Foreign Securities Market of the Santiago Stock
Exchange in Chile under the trading symbol "Methanex". Methanex can
be visited online at www.methanex.com.
Contacts: Jason Chesko Director, Investor Relations Methanex
Corporation 604 661 2600 or Toll Free: 1 800 661 8851 Website:
www.methanex.com
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