OCI Global sells 2M Methanex shares for ~$116.6M
Key highlights
- Sold 2,000,000 Methanex common shares as a block trade on 13 April.
- Sale price was US$58.30 per share, net proceeds approximately US$116.6 million after fees.
- Ownership fell from ~6.0% (4,612,962 shares) to ~3.4% (2,612,962 shares) of outstanding shares.
- Disposition was for investment purposes; OCI may acquire or sell Methanex securities in the future depending on market and company factors.
Transaction summary
OCI Global’s subsidiary sold 2,000,000 Methanex common shares as a block trade on 13 April at US$58.30 per share, producing net proceeds of about US$116.6 million after fees.
Ownership impact
Before the sale OCI held 4,612,962 shares (≈6.0%); after the sale it holds 2,612,962 shares (≈3.4%) of Methanex’s issued and outstanding shares.
Purpose and potential future actions
The disposition was for investment purposes; depending on market conditions and Methanex’s business and financial condition, OCI may acquire additional securities or sell some or all of its remaining holdings in the future.
Source: OCI