Public market insider buying at Methanex (MX)

Public market insider buying at Methanex (T:MX)

M&G Investment Management Limited, a 10% Holder, acquired 9,240 Common Shares on a control or direction basis for registered holder LF Access Global Dividend Fund at a price of US$33.691 on February 14th, 2020. The insider also acquired 17,720 Common Shares on a control or direction basis for registered holder M&G (Lux) Investment Funds 1 and 19,740 Common Shares on a control or direction basis for registered holder M&G Global Dividend Fund at the same price. This represents a $2,084,564 investment into the company's shares and an account share holdings change of 0.4%.

Robert Kostelnik, a Director, acquired 6,000 Common Shares on a direct ownership basis at prices ranging from US$32.99 to US$33.02 on February 18th, 2020. This represents a $262,550 investment into the company's shares and an account share holdings change of 28.6%.

Methanex is in the Commodity Chemicals Sub Industry Group under the Basic Materials Sector.

Methanex Corp is a Canada-based producer and supplier of methanol to international markets in North America, Asia Pacific, Europe and South America. The Company operates three plants in New Zealand supply methanol primarily to customers in Asia Pacific. It operates two plants in Geismar, two plants in Trinidad, Titan and Atlas and supplies to methanol markets around the globe. Its joint venture in Egypt is located on the Mediterranean Sea and primarily supplies methanol to the domestic and European market. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. Its two plants in Punta Arenas, Chile supply methanol to customers in South America and around the globe. The Company's wholly owned subsidiary, Waterfront Shipping, operates its fleet which is made up of deep-sea tankers ranging from 3,000 to 50,000 deadweight tons of capacity.