<SEC-DOCUMENT>0001193125-25-214347.txt : 20250924
<SEC-HEADER>0001193125-25-214347.hdr.sgml : 20250924
<ACCEPTANCE-DATETIME>20250924093636
ACCESSION NUMBER:		0001193125-25-214347
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250924
DATE AS OF CHANGE:		20250924

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			METHANEX CORP
		CENTRAL INDEX KEY:			0000886977
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-43811
		FILM NUMBER:		251335532

	BUSINESS ADDRESS:	
		STREET 1:		1800 WATERFRONT CENTER
		STREET 2:		200 BURRARD STREET
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			00000
		BUSINESS PHONE:		6046847500

	MAIL ADDRESS:	
		STREET 1:		1800 WATERFRONT CENTER
		STREET 2:		200 BURRARD STREET
		CITY:			VANCOUVER BC CANADA

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			M&G INVESTMENT MANAGEMENT LTD
		CENTRAL INDEX KEY:			0000922898
		ORGANIZATION NAME:           	
		EIN:				000000000

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		10 FENCHURCH AVENUE
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC3M 5AG
		BUSINESS PHONE:		02075482293

	MAIL ADDRESS:	
		STREET 1:		10 FENCHURCH AVENUE
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC3M 5AG
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0000922898</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <dateOfEvent>07/30/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0000886977</issuerCIK>
        <issuerCUSIP>59151K108</issuerCUSIP>
        <issuerName>Methanex Corporation</issuerName>
        <address>
          <street1 xmlns="http://www.sec.gov/edgar/common">1800 Waterfront Centre</street1>
          <street2 xmlns="http://www.sec.gov/edgar/common">200 Burrard Street</street2>
          <city xmlns="http://www.sec.gov/edgar/common">Vancouver, BC</city>
          <stateOrCountry xmlns="http://www.sec.gov/edgar/common">Z4</stateOrCountry>
          <zipCode xmlns="http://www.sec.gov/edgar/common">V6C 3M1</zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>M&amp;G Investment Management Ltd</personName>
          <personPhoneNum>44 (0) 207 548 6600</personPhoneNum>
          <personAddress>
            <street1 xmlns="http://www.sec.gov/edgar/common">10 Fenchurch Avenue</street1>
            <city xmlns="http://www.sec.gov/edgar/common">London</city>
            <stateOrCountry xmlns="http://www.sec.gov/edgar/common">X0</stateOrCountry>
            <zipCode xmlns="http://www.sec.gov/edgar/common">EC3M 5AG</zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0000922898</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>M&amp;G Investment Management Limited</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>X0</citizenshipOrOrganization>
        <soleVotingPower>12756931</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>12756931</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
        <aggregateAmountOwned>12756931</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>16.49</percentOfClass>
        <typeOfReportingPerson>IA</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock</securityTitle>
        <issuerName>Methanex Corporation</issuerName>
        <issuerPrincipalAddress>
          <street1 xmlns="http://www.sec.gov/edgar/common">1800 Waterfront Centre</street1>
          <street2 xmlns="http://www.sec.gov/edgar/common">200 Burrard Street</street2>
          <city xmlns="http://www.sec.gov/edgar/common">Vancouver, BC</city>
          <stateOrCountry xmlns="http://www.sec.gov/edgar/common">Z4</stateOrCountry>
          <zipCode xmlns="http://www.sec.gov/edgar/common">V6C 3M1</zipCode>
        </issuerPrincipalAddress>
        <commentText>This statement on Schedule 13D relates to the shares of common stock of Methanex Corp, a British Columbia corporation (the "Issuer"). The address of the principal executive offices is:</commentText>
      </item1>
      <item2>
        <filingPersonName>This Schedule 13D is being filed by M&amp;G Investment Management Limited, a company incorporated under the laws of England and Wales (the "Reporting Person").</filingPersonName>
        <principalBusinessAddress>The address of the principal business office of the Reporting Person is 10 Fenchurch Avenue, London EC3M 5AG.</principalBusinessAddress>
        <principalJob>The principal business of the Reporting Person is investing in securities.</principalJob>
        <hasBeenConvicted>During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanours).</hasBeenConvicted>
        <convictionDescription>During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.</convictionDescription>
        <citizenship>The Reporting Person is a company incorporated under the laws of England and Wales.</citizenship>
      </item2>
      <item3>
        <fundsSource>The funds for the purchase of the Common Stock came from the investment capital of MAGIM.</fundsSource>
      </item3>
      <item4>
        <transactionPurpose>The Reporting Person acquired the Common Stock to which this Schedule 13D relates for investment purposes in the ordinary course of business. The Reporting Person acquired the Common Stock because they believed that the Common Stock reported herein, when purchased, were undervalued and represented an attractive investment opportunity.

The Reporting Person and their representatives have, from time to time, engaged in, and expect to continue to engage in, discussions with members of management and the board of directors of the Issuer (the "Board"), other current or prospective shareholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit and other third parties regarding a variety of matters relating to the Issuer, which may include, among other things, the Issuer's business, management, capital structure and allocation, environmental, social and governance matters, Board composition and strategic alternatives and direction, and may take other steps seeking to bring about changes to increase shareholder value as well as pursue other plans or proposals that relate to or could result in any of the matters set forth in clauses (a)-(j) of Item 4 of Schedule 13D.

The Reporting Person intend to review their investment in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the outcome of any discussions referenced above, the Issuer's financial position, results and strategic direction, actions taken by the Issuer's management and the Board, price levels of the Common Stock, other investment opportunities available to the Reporting Person, conditions in the securities market and general economic and industry conditions, the Reporting Person reserve the right in the future to take such actions with respect to their investment in the Issuer as they deem appropriate, including, without limitation, exchanging information with the Issuer pursuant to appropriate confidentiality or similar agreements; proposing changes in the Issuer's operations, governance or capitalization; acquiring additional Common Stock and/or other equity, debt, notes, instruments or other securities of the Issuer (collectively, "Securities") or disposing of some or all of the Securities beneficially owned by them, in public market or privately negotiated transactions; entering into financial instruments or other agreements that increase or decrease the Reporting Person' economic exposure with respect to their investment in the Issuer; and/or otherwise changing their intention with respect to any and all matters referred to in Item 4 of Schedule 13D.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>M&amp;G Investment Management Limited (MAGIM) own 12,756,931 shares of Common Stock, which represents approximately 16.49% of 77,339,520 outstanding shares of Common Stock of Methanex, as published by the Issuer on July 30, 2025</percentageOfClassSecurities>
        <numberOfShares>M&amp;G Investment Management has sole voting and investment discretion with respect to the shares</numberOfShares>
        <transactionDesc>The table below details all transactions since the last 13D filed, on behalf of the Reporting Persons identified above on 23rd April 2025, until the date of this filing.

Acquirer/Disposer	                                        Trade Date	       Transaction Type	  Amount of Shares	            Price Per Share		        Where/How Effected
M&amp;G Investment Management Limited	        29 Apr 2025               BUY	                  2,400.00 	                             $31.48 			              Internal Transfer
M&amp;G Investment Management Limited	        29 Apr 2025               SELL	                  2,400.00 	                             $31.48 			              Internal Transfer
M&amp;G Investment Management Limited	        02 May 2025              BUY	                  5,000.00 	                             $32.25 			              Internal Transfer
M&amp;G Investment Management Limited	        02 May 2025              SELL	                  5,000.00 	                             $32.25 			              Internal Transfer
M&amp;G Investment Management Limited	        16 May 2025              BUY	                  2,200.00 	                             $33.61 			              Internal Transfer
M&amp;G Investment Management Limited	        16 May 2025              SELL	                  2,200.00 	                             $33.61 			              Internal Transfer
M&amp;G Investment Management Limited	        19 May 2025              SELL	                  300.00   	                             $33.94 			              Internal Transfer
M&amp;G Investment Management Limited	        19 May 2025              BUY	                  300.00   	                             $33.94 			              Internal Transfer
M&amp;G Investment Management Limited	        04 Jun 2025               BUY	                  10,000.00 	                             $33.19 			              Internal Transfer
M&amp;G Investment Management Limited	        04 Jun 2025              SELL	                  10,000.00 	                             $33.19 			              Internal Transfer
M&amp;G Investment Management Limited	        05 Jun 2025              BUY	                  8,876.00 	                             $33.41 			              Internal Transfer
M&amp;G Investment Management Limited	        05 Jun 2025              SELL	                  8,876.00 	                             $33.39 			              Internal Transfer
M&amp;G Investment Management Limited	        10 Jun 2025              SELL	                  9,000.00 	                             $33.51 			              Internal Transfer
M&amp;G Investment Management Limited	        10 Jun 2025              BUY	                  9,000.00 	                             $33.48 			              Internal Transfer
M&amp;G Investment Management Limited	        11 Jun 2025              BUY	                  3,563.00 	                             $34.21 			              Internal Transfer
M&amp;G Investment Management Limited	        11 Jun 2025              SELL	                  3,563.00 	                             $34.17 			              Internal Transfer
M&amp;G Investment Management Limited	        18 Jun 2025              BUY	                  5,000.00 	                             $36.98 			              Internal Transfer
M&amp;G Investment Management Limited	        18 Jun 2025              SELL	                  5,000.00 	                             $36.95 			              Internal Transfer
M&amp;G Investment Management Limited	        24 Jun 2025              SELL	                  912.00   	                             $35.10 			              Internal Transfer
M&amp;G Investment Management Limited	        24 Jun 2025              BUY	                  912.00   	                             $35.10 			              Internal Transfer
M&amp;G Investment Management Limited	        26 Jun 2025              BUY	                  3,424.00 	                             $35.39 			              Internal Transfer
M&amp;G Investment Management Limited	        26 Jun 2025             SELL	                  3,424.00 	                             $35.39 			              Internal Transfer
M&amp;G Investment Management Limited	        08 Jul 2025              BUY	                  3,493.00 	                             $34.86 			              Internal Transfer
M&amp;G Investment Management Limited	        08 Jul 2025              SELL	                  300.00   	                             $34.99 			              Internal Transfer
M&amp;G Investment Management Limited	        08 Jul 2025              SELL	                  3,193.00 	                             $34.85 			              Internal Transfer
M&amp;G Investment Management Limited	        23 Jul 2025              SELL	                  3,500.00 	                             $35.13 			              Internal Transfer
M&amp;G Investment Management Limited	        23 Jul 2025              BUY	                  3,500.00 	                             $35.06 			              Internal Transfer
</transactionDesc>
        <listOfShareholders>Both M&amp;G (Lux) Investment Funds 1 and M&amp;G Global Dividend Fund, each a private investment vehicle, for which M&amp;G Investment Management Limited serves as investment adviser, has the right to receive and/or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than five percent of the Common Shares of the Issuer.
To the best knowledge of the reporting person, no person other than the reporting person and those identified above in this Schedule 13D have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned identified herein.
</listOfShareholders>
        <date5PercentOwnership>Not applicable</date5PercentOwnership>
      </item5>
      <item6>
        <contractDescription>Not applicable</contractDescription>
      </item6>
      <item7>
        <filedExhibits>Not applicable</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>M&amp;G Investment Management Limited</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Tamara Postoj</signature>
          <title>Tamara Postoj, Regulatory Reporting Technical Manager</title>
          <date>09/24/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
