SCHEDULE 13G/A: FIL Limited and Affiliates Maintain 8.3% Passive Stake in Methanex Corp
Beneficial Ownership Statement
FIL Limited, along with Pandanus Partners, L.P. and Pandanus Associates, Inc., has disclosed a continued passive beneficial ownership of 8.3% of Methanex Corp's common stock as of December 31, 2024.
Summary
- FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. collectively reported beneficial ownership of 5,619,938 shares of Methanex Corp's common stock.
- This represents 8.3% of the total outstanding common stock of Methanex Corp.
- The filing is an Amendment No. 5 to a Schedule 13G, indicating ongoing passive investment.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Methanex Corp.
- FIL Limited holds sole voting power over 5,617,931 shares and sole dispositive power over 5,619,938 shares.
- Pandanus Partners, L.P. and Pandanus Associates, Inc. hold sole dispositive power over 5,619,938 shares, with no sole or shared voting power.
- Fidelity Investments Canada ULC is identified as an entity within the FIL group that beneficially owns 5% or greater of the shares.
Sentiment
Score: 5
Explanation: Neutral. This is a routine disclosure of passive beneficial ownership, providing factual information without expressing positive or negative sentiment about the issuer's performance or prospects.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Disclosure | FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. are filing an Amendment No. 5 to their Schedule 13G, disclosing their passive beneficial ownership of 8.3% of Methanex Corp's common stock. | 2024-12-31 | This filing confirms the continued passive investment stance of these entities, indicating no intent to influence or change control of Methanex Corp. It provides transparency regarding significant institutional ownership. |
Related Party Transactions
- Pandanus Partners, L.P. is owned by trusts for the benefit of members of the Johnson family, including Abigail P. Johnson, who is the Chairman of FIL Limited. Pandanus Partners, L.P. owns shares of FIL Limited voting stock, representing normally more than 25% and less than 48.5% of total voting power.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership and confirms the passive nature of this investment, which typically implies no immediate intent to influence corporate strategy or governance beyond standard shareholder rights.
Key Dates
| Date | Description |
|---|---|
| 2022-12-19 | Effective date of Power of Attorney for Stephanie J. Brown, authorizing her to sign on behalf of FIL Limited and its subsidiaries, and Pandanus entities. |
| 2023-01-31 | Date of previous Schedule 13G filing by FIL Limited (accession number -23-000005) where the Power of Attorney was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement, representing the ownership snapshot date. |
| 2025-02-11 | Date of signing and filing of this Schedule 13G Amendment No. 5. |
Keywords
Methanex Corp, common stock, Schedule 13G, beneficial ownership, FIL Limited, Pandanus Partners, passive investment, SEC filing, institutional ownership, Methanol producer
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