Methanex approves buyback of up to 3.87M shares
Repurchases are scheduled to run from November 4, 2026, through no later than November 3, 2027, and all shares purchased will be cancelled.
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Rhea-AI Filing Summary
Methanex Corporation (MEOH) approved a Normal Course Issuer Bid to purchase for cancellation up to 3,868,213 common shares, approximately 5% of the 77,364,263 shares issued and outstanding as of October 29, 2026.
Purchases are scheduled to begin November 4, 2026, and end no later than November 3, 2027, at the then-current market price. The company will purchase shares on the open market through the NASDAQ Global Selection Market and alternative trading systems in the United States under Rule 10b-18, and will cancel all shares purchased. Subject to certain exceptions for block purchases, daily purchases through those markets will not exceed 25% of the company’s average daily trading volume for the four-week period preceding the purchase. Methanex will enter into an automatic securities purchase plan with its broker for purchases under the bid.
Key Figures
Key Terms
Normal Course Issuer Bid financial
automatic securities purchase plan financial
average daily trading volume financial
Rule 10b-18 regulatory
FAQ
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When does MEOH's NCIB begin and end?
What daily limit applies to MEOH's NCIB purchases?
AI-generated analysis. How Rhea-AI works. Not financial advice.