Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) announces that it has acquired, through its subsidiaries, an aggregate of 5,416,000 subordinate voting shares (the “Subordinate Voting Shares”) of Fairfax India Holdings Corporation (TSX: FIH.U) (“Fairfax India”), representing 4.93% of the issued and outstanding Subordinate Voting Shares of Fairfax India, from two existing shareholders at a price of US$12.00 (approximately C$15.29) per Subordinate Voting Share for an aggregate purchase price of approximately US$64.9 million (approximately C$82.8 million) (the “Share Purchase”).
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) is pleased to announce that Peter Clarke has been appointed President of Fairfax.
Over the past 20 years, Peter has held the position of Vice President, Chief Operating Officer, Chief Risk Officer and Chief Actuary. He is a member of Fairfax’s Executive and Investment Committees, and he will continue in his role as Chief Operating Officer.
Prem Watsa, Chairman and Chief Executive Officer of Fairfax, commented, “Peter has done an outstanding job for Fairfax in numerous roles over the past two decades, and fully deserves his appointment as our President. In many ways, Peter has been the President of Fairfax for some time now; it just took us a while to realize it. There is no one who represents Fairfax culture any better – smart, hard-working with no ego! I look forward to continuing to work very closely with Peter.”
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces fiscal year 2021 net earnings of $3,401.1 million ($122.25 net earnings per diluted share after payment of preferred share dividends) compared to fiscal year 2020 net earnings of $218.4 million ($6.29 net earnings per diluted share after payment of preferred share dividends).
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) will hold a conference call at 8:30 a.m. Eastern Time on Friday, February 11, 2022 to discuss its 2021 year-end results, which will be announced after the close of markets on Thursday, February 10, 2022 and will be available at that time on its website at www.fairfax.ca.
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) announces that its annual shareholders’ meeting will be held on Thursday, April 21.
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces that it has declared a dividend of US$10.00 per share on its outstanding multiple voting and subordinate voting shares, payable on January 27, 2022 to shareholders of record on January 20, 2022.
Fairfax Financial Holdings Limited (“Fairfax” or the “Company”) (TSX: FFH and FFH.U) announces today the completion of its substantial issuer bid initially announced on November 17, 2021 (the “Offer”). Fairfax has taken up and paid for 2,000,000 subordinate voting shares (the “Shares”) at a purchase price of US$500.00 per Share (the “Purchase Price”).
Fairfax Financial Holdings Limited (“Fairfax” or the “Company”) (TSX: FFH and FFH.U) announced today the preliminary results of its substantial issuer bid initially announced on November 17, 2021 (the “Offer”), pursuant to which the Company offered to purchase for cancellation a number of its subordinate voting shares (“Shares”) for an aggregate purchase price not to exceed US$1.0 billion at a purchase price of not less than US$425.00 and not more than US$500.00 per Share.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces the successful completion of the previously announced transaction in which an affiliate of CPPIB Credit Investments Inc., a wholly-owned subsidiary of Canada Pension Plan Investment Board, and OMERS, the defined benefit pension plan for Ontario’s municipal sector employees, will each acquire a 4.995% interest in Fairfax’s subsidiary, Odyssey Group Holdings, Inc., through a new class of securities, for an aggregate cash purchase price of US$900 million (the “Odyssey Group Transaction”).
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has declared the following quarterly dividends per share on its preferred shares…