M&G Investment Mgmt Discloses 13.1M Share Stake in Methanex

TL;DR

**M&G Investment Management owns 13.1M shares of Methanex, a big institutional vote of confidence.**

AI Summary

M&G Investment Management Limited, a UK-based investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its beneficial ownership in Methanex Corporation (MEOH) as of December 31, 2023. The firm now holds sole voting and dispositive power over 13,112,435 shares of Methanex common stock. This filing indicates a significant institutional stake, which can provide stability but also means large share movements by M&G could impact MEOH's stock price.

Why It Matters

This filing reveals a major institutional investor's substantial stake in Methanex, signaling their confidence in the company but also meaning their future trading decisions could significantly influence the stock.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional holding, which generally reduces volatility risk for the stock.

Analyst Insight

A smart investor would note this significant institutional ownership as a potential sign of long-term confidence in Methanex, but also monitor M&G's future filings for any changes in their position that could signal a shift in sentiment.

Key Numbers

• 13,112,435 — Shares Beneficially Owned (Represents the total number of Methanex common shares M&G Investment Management Limited has sole voting and dispositive power over as of December 31, 2023.)

Key Players & Entities

• M&G Investment Management Limited (company) — the reporting person and institutional investor
• Methanex Corporation (company) — the subject company whose shares are being reported
• 13,112,435 (dollar_amount) — shares beneficially owned by M&G Investment Management Limited
• December 31, 2023 (date) — the date of the event requiring the filing
• February 13, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• M&G Investment Management Limited will maintain a significant stake in Methanex Corporation for the foreseeable future. (M&G Investment Management Limited) — medium confidence, target: 2025-12-31

FAQ

Filing Documents

• d778622dsc13ga.htm (SC 13G/A) — 27KB
• g778622g0213003941027.jpg (GRAPHIC) — 1KB
• 0001193125-24-033110.txt ( ) — 30KB

From the Filing

SC 13G/A 1 d778622dsc13ga.htm METHANEX CORP METHANEX CORP UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4)* Methanex Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 59151K108 (CUSIP Number) 31 st December 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: X Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in 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 1. Names of Reporting Persons: 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. Citizenship or Place of Organization: United Kingdom, England Number of Shares Beneficially Owned By Each Reporting Person With: 5. Sole Voting Power: 13,112,435 6. Shared Voting Power : 0 7. Sole Dispositive Power: 13,112,435 8. Shared Dispositive Power: 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 13,112,435 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9): 19.46% 12. Type of Reporting Person (See Instructions): IA 2 Item1. (a) Name of Issuer: Methanex Corporation (b) Address of Issuers Principal Executive Offices: 1800 Waterfront Centre, 200 Burrard Street, Vancouver, BC, V6C 3M1, Canada Item2. (a) Name of Person Filing: M&G Investment Management Limited (b) Address of Principal Business Office or, if none, Residence: 10 Fenchurch Avenue, London, EC3M 5AG (c) Citizenship: United Kingdom, England (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 59151K108 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) Group, in accordance with 240.13d-1(b)(1)(ii)(K). (e) MAGIM is an investment adviser in accordance with s.240.13d-1(b)(1)(ii)(E) All the securities covered by this report are legally owned by MAGIMs Investment advisory clients, and none are directly owned by MAGIM. 3 Item4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. M&G Investment Management Limited (a) Amount beneficially owned: 13,112,435 (b) Percent of class: 19.46% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 13,112,435 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 13,112,435 (iv) Shared power to dispose or to direct the disposition of: 0 Item5. Ownership of Five Percent or Less of a Class Not Applicable. Item6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. Item7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable. Item8. Identification and Classification of Members of the Group Not Applicable. Item9. Notice of Dissolution of Group Not Applicable. Item10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in th

View Full Filing

View this SC 13G/A filing on SEC EDGAR