04:21:22 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Fairfax Financial Holdings Ltd
Symbol FFH
Shares Issued 28,080,101
Close 2017-11-09 C$ 694.22
Market Cap C$ 19,493,767,716
Recent Sedar Documents

Fairfax Financial acquires 9.43 million Torstar shares

2017-11-09 21:18 ET - News Release

Also News Release (C-TS) Torstar Corp

Mr. John Varnell of Fairfax Financial reports

FAIRFAX ANNOUNCES ACQUISITION OF SHARES OF TORSTAR

Fairfax Financial Holdings Ltd. has acquired a total of 9,437,287 Class B non-voting shares of Torstar Corp., representing approximately 13.3 per cent of the issued and outstanding Class B shares, at a price of $1.25 per Class B share. Today's purchase brings Fairfax's total holdings in Torstar to 28,876,337 Class B shares or approximately 40.6 per cent of the total Class B shares outstanding.

The Class B shares were acquired by way of a private share purchase agreement from fewer than five sellers in accordance with the exemption in Section 4.2 of National Instrument 62-104 (Take-Over Bids and Issuer Bids). Prior to the transactions, Fairfax owned 19,439,050 Class B shares, representing approximately 27.4 per cent of the outstanding Class B shares.

The Class B shares were acquired by Fairfax for investment purposes, and in the future, it may discuss with management and/or the board of directors any of the transactions listed in clauses (a) to (k) of Item 5 of Form F1 of National Instrument 62-103 (the Early Warning System and Related Take-over Bid and Insider Reporting Issues), and it may further purchase, hold, vote, trade, dispose or otherwise deal in the securities of Torstar, in such manner as it deems advisable to benefit from changes in market prices of Torstar securities, publicly disclosed changes in the operations of Torstar, its business strategy or prospects, or from a material transaction of Torstar.

An early warning report will be filed by Fairfax in accordance with applicable securities laws and will be available on SEDAR or may be obtained directly from Fairfax upon request.

Fairfax is a holding company, which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.

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