United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 11) *

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)

6 March 2020

 

(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 person’s 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

 

  

  7. 

  

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

 

  

  7. 

  

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

 

3


   

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

 

  

  7. 

  

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

 

4


     

  CUSIP No. 59151K108

 

  13D    

This amendment No. 11 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 d’Investissement 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 March 25, 2019, the Reporting Persons delivered a notice of nomination to the Board of Directors of the Issuer to nominate four directors for election at the annual meeting of the Issuer on April 25, 2019. The full text of the accompanying press release that was issued in connection with delivering the notice of nomination is attached hereto as Exhibit 99.2 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        Transaction
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

 

5


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

 

6


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 99.2    Press Release, dated March 25, 2019

 

10


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 6, 2020

 

M&G Investment Management Limited
By:       /s/ Mark Thomas
 

Mark Thomas, Head of Regulatory

Reporting, M&G

M&G Global Dividend Fund

By: M&G Investment Management Limited, its manager

By:   /s/ Mark Thomas
 

Mark Thomas, Head of Regulatory

Reporting, M&G

M&G (Lux) Investment Funds 1

By: M&G Investment Management Limited, its manager

By:   /s/ Mark Thomas
 

Mark Thomas, Head of Regulatory

Reporting, M&G

 

11

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