Methanex Announces Board Approval of a 5% Share Repurchase Program

A planned automatic purchase arrangement will allow buybacks during the company's self-imposed blackout periods.

Rhea-AI Summary

Methanex (MEOH) has received board approval for a share repurchase program covering up to 5% of its outstanding common shares.

The authorization permits purchases of up to 3,868,213 shares, based on shares outstanding on October 29, 2026. Purchases may begin November 4, 2026 and end no later than November 3, 2027. Shares will be purchased at prevailing market prices and cancelled. Methanex plans to buy through Nasdaq and alternative trading systems in the United States. The company describes the program as a way to return additional capital to shareholders.

1 point · 0 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

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0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Board-approved repurchases authorize cancellation of up to 3,868,213 shares, or 5%, from November 4, 2026 through November 3, 2027.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Daily repurchases are capped at 25% of average daily trading volume over the preceding four weeks, subject to block-purchase exceptions.

Key Figures

Maximum shares authorized: 3,868,213 shares Share repurchase authorization: 5% Program period: November 4, 2026–November 3, 2027 +1 more

Maximum shares authorized

3,868,213 shares

Maximum purchases for cancellation under the NCIB

Share repurchase authorization

5%

Of 77,364,263 shares issued and outstanding as of October 29, 2026

Program period

November 4, 2026–November 3, 2027

Purchases may commence November 4 and end no later than November 3

Daily repurchase limit

25%

Of average daily trading volume for the preceding four-week period, subject to exceptions

Key Terms

normal course issuer bid, rule 10b-18, automatic securities purchase plan

3 terms

normal course issuer bid financial

"approved a Normal Course Issuer Bid (“NCIB”)"

A Normal Course Issuer Bid is when a company buys back its own shares from the stock market over time. This usually shows that the company believes its stock is undervalued and wants to support its price, which can be important for investors to watch.

rule 10b-18 regulatory

"pursuant to Rule 10b-18 under the U.S. Securities Exchange Act of 1934"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

automatic securities purchase plan financial

"enter into an automatic securities purchase plan with its broker"

A plan a company sets up to buy its own shares automatically according to preset rules — for example, when the stock hits certain prices or at regular intervals — without managers deciding each trade. For investors this matters because automatic buybacks can reduce the number of shares outstanding, often supporting the stock price and boosting per-share metrics, much like a steady repurchasing habit gradually shrinking the size of a shared pie.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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.”

Purchases pursuant to the NCIB will be made on the open market through the facilities of the NASDAQ Global Select Market (“NASDAQ”) and alternative trading systems in the United States pursuant to Rule 10b-18 under the U.S. Securities Exchange Act of 1934. Subject to certain exceptions for block purchases, daily repurchases under the program through the NASDAQ and alternative trading systems in the United States will not exceed 25% of the Company’s average daily trading volume for the four-week period preceding the date of purchase. The Company will enter into an automatic securities purchase plan with its broker in connection with purchases to be made under the NCIB, which will enable Methanex to provide standard instructions and purchase Shares on the open market during self-imposed blackout periods. Outside of these blackout periods, Shares may be purchased under the NCIB in accordance with management’s discretion.

ABOUT METHANEX

Methanex is a Vancouver-based, publicly traded company and is the world’s largest supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol “MX” and on the Nasdaq Stock Market in the United States under the trading symbol “MEOH”. Methanex can be visited online at www.methanex.com.

FORWARD-LOOKING INFORMATION WARNING

This news release contains certain forward-looking statements, or forward-looking information, with respect to us and our industry. These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. Statements that include the word “will” or other comparable terminology and similar statements of a future or forward-looking nature identify forward-looking statements.

Forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. Factors that may cause actual results to vary include, but are not limited to, risks relating to conditions in the financial markets and other risk factors as detailed from time to time in Methanex’s reports filed with Canadian securities administrators and the U.S. Securities and Exchange Commission. Certain of these risks are described in more detail in our 2025 Annual Management’s Discussion and Analysis and Third Quarter 2026 Management’s Discussion and Analysis and in our public filings with Canadian securities administrators and the U.S. Securities and Exchange Commission.

Readers are cautioned not to place undue reliance on forward-looking statements. They are not a substitute for the exercise of one’s own due diligence and judgment. The outcomes implied by forward-looking statements may not occur and we do not undertake to update forward-looking statements except as required by applicable securities laws.

Inquiries:

Robert B. Winslow, CFA
Vice President, Investor Relations
Methanex Corporation
604-661-2600 or Toll Free: 1-800-661-8851
www.methanex.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares can Methanex repurchase under its new buyback program?

Methanex may repurchase and cancel up to 3,868,213 common shares, representing 5% of the 77,364,263 shares outstanding as of October 29, 2026. Purchases will be made at prevailing market prices.

When does Methanex's share repurchase program start and end?

Purchases may begin November 4, 2026 and must end no later than November 3, 2027.

Can Methanex buy back shares during blackout periods?

Methanex plans to enter into an automatic securities purchase plan with its broker to enable purchases during self-imposed blackout periods using standard instructions. Outside those periods, purchases may be made at management's discretion.