Cadwalader Advises M&G Investment Management in Agreement to Add Two New Directors to Methanex Board

Apr 15, 2019

Cadwalader advised M&G Investment Management in its agreement to add two new directors to the board of Methanex Corporation.

Methanex Corporation announced last Friday that it had entered into an agreement with its largest shareholder M&G Investment Management pursuant to which Methanex will add two new directors to its Board.

Methanex will nominate Paul Dobson for election to the Board at its upcoming 2019 annual general meeting in place of Howard Balloch, the longest serving incumbent independent director. A second new director selected from a list provided by M&G will join the Board shortly following that meeting. The risk committee will be reorganized to include Paul Dobson and Methanex has agreed to retain an independent financial advisory firm to assist in its financial review of a potential third methanol plant in Geismar, Louisiana.

The Financial Times reported the agreement at: https://www.ft.com/content/654da6b0-5d53-11e9-939a-341f5ada9d40.

M&G Investment Management is a UK-based institutional money manager with approximately $338 billion of assets under management.

Methanex Corporation (TSX:MX) (NASDAQ:MEOH) is the world's largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and South America.

The Cadwalader team is led by Corporate co-chair Richard Brand and partner Stephen Fraidin and includes partner Greg Patti, special counsel Joanna Valentine and associates Matthew Dolloff, Maurice Guttmann, Victoria Saunders and Stacey Valdez, as well as Executive Compensation and Benefits partner David Teigman and associate Nicholas LaSpina. Advice as to Canadian law was provided by Davies Ward Phillips & Vineberg LLP.

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