Methanex announces cooperation agreement with M&G Investments
Methanex Corporation announces that it has reached a cooperation agreement with M&G Investments, pursuant to which the company will recommend Paul Dobson for election to its eleven member board of directors at the upcoming annual general meeting of shareholders on April 25. Dobson will be appointed to the Audit, Finance and Risk Committee. To accommodate the addition of Dobson, the board accepted the offer of Howard Balloch, the longest serving independent director, to advance his planned retirement by a year, and not stand or be nominated for re-election at the meeting. M&G will withdraw its proxy circular and proxy card in respect to the meeting and has agreed to vote all of its shares in favor of the nominees recommended by the company. M&G has also agreed to a standstill arrangement through the 2020 annual general meeting of shareholders. The company has agreed with M&G to continue its ongoing board refreshment process by selecting an additional director after the meeting from a list to be submitted by M&G.