Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Fairfax of its intention to commence a Normal Course Issuer Bid (“NCIB”) through the facilities of the TSX (or other alternative Canadian trading systems) for its Subordinate Voting Shares and the following series of its Preferred Shares:
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:
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U), together with Bangalore International Airport Limited (“BIAL”), is donating an aggregate of US$1 million to aid relief operations in connection with the recent devastating floods in Karnataka, India.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) is pleased to announce that Jennifer Allen has been appointed Chief Financial Officer of Fairfax. John Varnell, who was previously serving as interim Chief Financial Officer of Fairfax, will continue serving as Vice President, Corporate Development of Fairfax.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that, as a result of the substantial issuer bid (the “Issuer Bid”) by Reitmans (Canada) Limited (“Reitmans”), 7,392,900 Class A non-voting shares (the “Class A Shares”) of Reitmans held by Fairfax through its subsidiaries (representing approximately 14.82% of the issued and outstanding Class A Shares), were repurchased by Reitmans at a price of C$3.00 per Class A Share.
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces net earnings of $494.3 million ($17.18 net earnings per diluted share after payment of preferred share dividends) in the second quarter of 2019 compared to net earnings of $63.1 million ($1.82 net earnings per diluted share after payment of preferred share dividends) in the second quarter of 2018, primarily reflecting significant net gains on investments.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has acquired an additional 256,200 equity shares of Quess Corp Limited (“Quess”). Upon completion of the acquisition of these additional Quess shares and the previously announced spinout of Quess shares by Thomas Cook (India) Limited, the parent of Quess and a subsidiary of Fairfax, to its shareholders, Fairfax will own 32.35% of Quess.
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) will hold a conference call at 8:30 a.m. Eastern Time on Friday, August 2, 2019 to discuss its 2019 second quarter results, which will be announced after the close of markets on Thursday, August 1 and will be available at that time on its website www.fairfax.ca.
Fairfax Financial Holdings Limited (TSX:FFH and FFH.U) is pleased to announce that Scott Carmilani has joined Fairfax Insurance Group, in a new role established to promote organic growth and collaboration initiatives across Fairfax’s insurance and reinsurance operations worldwide.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) has completed its previously announced offering of C$500 million in aggregate principal amount of 4.23% Senior Notes due 2029 (the “Offering”).