SCHEDULE: OCI Entities Disclose 12.9% Beneficial Stake in Methanex Corporation

OCI N.V. and its subsidiaries have disclosed a 12.9% beneficial ownership stake in Methanex Corporation, holding 9,944,308 common shares.

Summary

• OCI N.V., OCI Intermediate B.V., and OCI Chemicals B.V. have filed a Schedule 13G, indicating beneficial ownership of Methanex Corporation common shares.
• The reporting persons collectively beneficially own 9,944,308 common shares of Methanex Corporation.
• This ownership represents 12.9% of Methanex Corporation's common shares, calculated based on 77,339,520 shares issued and outstanding as of June 30, 2025.
• The reporting persons hold shared voting power over 7,726,218 shares and shared dispositive power over 9,944,308 shares.
• An undertaking has been made by the reporting persons not to vote in excess of 9.99% of the issued and outstanding common shares, pending final satisfaction of customary Toronto Stock Exchange listing conditions.
• The filing certifies that the securities were not acquired for the purpose of changing or influencing control of Methanex Corporation, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 7

Explanation: The disclosure of a significant beneficial ownership stake by a major industry player like OCI N.V. in Methanex Corporation is generally a positive signal, indicating confidence in the issuer. The stated intent not to influence control, while standard for a 13G, suggests a passive investment for now, but the size of the stake is notable.

Positives

• OCI N.V. and its subsidiaries have acquired a significant strategic stake in Methanex Corporation, indicating confidence in the company's long-term prospects.
• The beneficial ownership of 12.9% positions OCI as a major shareholder in Methanex Corporation.

Negatives

• The undertaking not to vote in excess of 9.99% of shares limits OCI's immediate voting influence despite its larger beneficial ownership, potentially restricting its ability to exert control or influence strategic decisions.

Risks

• The undertaking not to vote more than 9.99% is pending "final satisfaction of customary Toronto Stock Exchange listing conditions," which could imply a potential for the voting restriction to change or be subject to further conditions.

Future Outlook

The filing does not provide forward-looking statements or guidance beyond the disclosure of beneficial ownership and the stated intent not to influence control, except for activities solely in connection with a nomination under Rule 14a-11.

Management Comments

• The securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing indicates a significant investment by OCI N.V., a global producer of nitrogen fertilizers and methanol, into Methanex Corporation, the world's largest producer and supplier of methanol. This strategic stake could suggest a deepening relationship or a long-term investment perspective within the global methanol and chemicals industry.

Comparison to Industry Standards

• As a Schedule 13G filing, this document primarily discloses beneficial ownership and does not contain performance metrics for direct comparison to industry standards or specific comparable companies.
• A 12.9% stake is a substantial minority interest, which is a common level for strategic investments or passive institutional holdings in publicly traded companies.

Corporate Governance

Stakeholder Impact

• Shareholders: Increased institutional ownership by a strategic player could be viewed positively, potentially signaling long-term value. The voting cap might reassure existing management and other shareholders about immediate control stability.
• Management: The filing indicates a significant, yet currently passive, shareholder. Management will need to be aware of this large stake.

Next Steps

• Monitoring of the Toronto Stock Exchange listing conditions related to the 9.99% voting undertaking.
• Potential future Schedule 13D filing if the reporting persons decide to change or influence control of Methanex Corporation.

Key Dates

Keywords

Methanex Corporation, OCI N.V., Schedule 13G, Beneficial Ownership, Common Shares, Shareholding, Investment, Chemicals, Methanol