UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF MAY 2020
COMMISSION FILE NUMBER 0-20115
METHANEX CORPORATION
(Registrant’s name)
SUITE 1800, 200 BURRARD STREET, VANCOUVER, BC V6C 3M1 CANADA
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
METHANEX CORPORATION
MATERIAL CHANGE REPORT
FORM 51-102F3
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1.
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NAME AND ADDRESS OF COMPANY
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Methanex Corporation
1800 Waterfront Centre
200 Burrard Street
Vancouver, British Columbia V6C 3M1
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2.
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DATE OF MATERIAL CHANGE
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April 29, 2020
The news release announcing the material change described herein was issued and disseminated on April 29, 2020 in Canada and the United States through the facilities of a newswire service.
4. SUMMARY OF MATERIAL CHANGE
Methanex Corporation announced on April 29, 2020 that the board of directors approved a 90 percent reduction in the quarterly cash dividend to $0.0375 per share from $0.36 per share.
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5.
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FULL DESCRIPTION OF MATERIAL CHANGE
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5.1
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FULL DESCRIPTION OF MATERIAL CHANGE
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Methanex Corporation announced on April 29, 2020 that the board of directors approved a 90 percent reduction in the quarterly cash dividend to $0.0375 per share from $0.36 per share.
The reduction of the dividend represents approximately $100 million in annualized cash savings. The new dividend declared will be payable on June 30, 2020 to holders of common shares of record on June 16, 2020.
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5.2
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DISCLOSURE FOR RESTRUCTURING TRANSACTIONS
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Not applicable.
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6.
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RELIANCE ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51-102
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Not applicable.
Not applicable.
For further information, contact:
Kevin Price
General Counsel & Corporate Secretary
604-661-2658
May 1, 2020
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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METHANEX CORPORATION
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Date: May 1, 2020
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By:
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/s/ KEVIN PRICE
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Name:
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Kevin Price
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Title:
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General Counsel & Corporate Secretary
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