VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 16, 2015) – Methanex Corporation (TSX:MX)(NASDAQ:MEOH)announced today that its board of directors has approved amendments to the advance notice provisions included in By-Law No. 5. The By-Law had previously been published in the company’s Information Circular dated March 7, 2015 (the “Circular”). The amended By-Law and shareholder resolution to confirm the By-Law will be placed before shareholders for approval at Methanex’s annual general and special meeting of shareholders to be held on April 30, 2015 (the “Meeting”).
The By-Law amendment addresses recent comments from proxy advisory firms. The amendment will consist of the deletion of paragraph 27 of the By-Law, which would have otherwise permitted Methanex to require the nominating shareholder to furnish such additional information as Methanex reasonably requested regarding the eligibility, independence or qualifications of a proposed nominee. Methanex believes that the specific information enumerated in paragraph 26 of By-Law No. 5 will provide shareholders with sufficient information regarding any proposed nominee to make an informed decision.
Shareholders are encouraged to review the Circular which provides a detailed discussion of the matters to be considered at the Meeting. The Circular is available under the Company’s SEDAR profile at www.sedar.com.
Methanex is a Vancouver-based, publicly traded company and is the world’s largest producer and supplier of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol “MX” and on the NASDAQ Global Market in the United States under the trading symbol “MEOH”. Methanex can be visited online at www.methanex.com.
Director, Investor Relations
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