Methanex Corporation filed a Form 6-K with the SEC on October 29, 2026, announcing that its Board of Directors approved a Normal Course Issuer Bid allowing the company to repurchase up to 3,868,213 common shares for cancellation.

Key Highlights

  • Repurchase ceiling: Up to 3,868,213 common shares, representing 5% of the 77,364,263 shares issued and outstanding as of October 29, 2026.
  • Program window: Purchases may commence November 4, 2026 and end no later than November 3, 2027.
  • Cancellation required: All shares purchased under the NCIB will be cancelled, according to the filing.
  • Daily limit: Subject to certain exceptions for block purchases, daily repurchases through NASDAQ and alternative trading systems will not exceed 25% of the company's average daily trading volume for the four-week period preceding the date of purchase.
  • Automatic purchase plan: The company will enter into an automatic securities purchase plan with its broker to enable purchases during self-imposed blackout periods.
  • Trading venues: Purchases will be made on the open market through the facilities of NASDAQ and alternative trading systems in the United States pursuant to Rule 10b-18 under the U.S. Securities Exchange Act of 1934.

Methanex Board Authorizes Open-Market Share Buyback Program Beginning November 2026

Methanex Corporation (NASDAQ:MEOH), described in the filing as "the world's largest supplier of methanol globally," disclosed on October 29, 2026 that its Board of Directors approved a Normal Course Issuer Bid. Under the program, the company is entitled to purchase for cancellation up to 3,868,213 common shares, which the filing states represents 5% of the 77,364,263 shares issued and outstanding as of that date. Purchases are set to begin November 4, 2026 and may continue until no later than November 3, 2027.

According to the filing, purchases will be made "from time to time at the then current market price of the Shares" through the NASDAQ Global Select Market and alternative trading systems in the United States. Daily repurchases, subject to certain exceptions for block purchases, will not exceed 25% of the company's average daily trading volume for the four-week period preceding the date of purchase. The company also disclosed it will enter into an automatic securities purchase plan with its broker, permitting share purchases during self-imposed blackout periods under standard pre-set instructions.

President and CEO Rich Sumner stated in the release, "With strong operational results and high methanol prices, we are making great progress on de-leveraging to a stronger and more resilient balance sheet and we are pleased to announce the opening of this share repurchase program that will allow us to return additional capital to our shareholders." The filing notes this statement and others are forward-looking and subject to the company's cautionary language regarding risks and uncertainties, including conditions in financial markets and other factors detailed in Methanex's public filings.

What Was Disclosed

Methanex's October 29, 2026 Form 6-K disclosed Board approval of a Normal Course Issuer Bid to repurchase and cancel up to 3,868,213 common shares, representing 5% of shares outstanding, with purchases permitted from November 4, 2026 through November 3, 2027 via open-market transactions on NASDAQ.