Fairfax Voluntarily Delisting From NYSE
November 19 2009 - 5:02PM
Marketwired
Fairfax Financial Holdings Limited (TSX: FFH)(NYSE: FFH) announced
today its intention to voluntarily delist its subordinate voting
shares from the New York Stock Exchange (NYSE). After the delisting
from the NYSE, Fairfax's subordinate voting shares will continue to
be listed on the Toronto Stock Exchange (TSX), where they will be
traded in both Canadian and U.S. dollars under the trading symbols
FFH and FFH.U, respectively.
"After our recent privatization of Odyssey Re, Fairfax now
wholly owns all of its primary businesses and is the largest
property and casualty insurance company based in Canada, with
worldwide operations in over 50 countries," said Prem Watsa,
Chairman and CEO. "While our decentralized operations have global
reach, after reviewing the factors relevant to our continued
listing on the NYSE, we determined that our company and its
shareholders will be better served by the simplified focus and
lower cost resulting from the maintenance of only our original TSX
listing. In recent years, as markets have become significantly more
global and liquid, our constituents, including shareholders and
employees, no longer require multiple listings. The voluntary
delisting will have no impact on our ongoing strategic and
operating philosophy nor on our very substantial presence in the
United States and our presence in the other global markets in which
we operate."
In accordance with the procedures established by the U.S.
Securities and Exchange Commission (SEC), Fairfax will file a Form
25 with the SEC on or about November 30, 2009 to effect the
delisting, and the delisting is expected to be effective ten days
thereafter, on or about December 10, 2009. The delisting will not
affect Fairfax's continuing obligation to file required reports
with the SEC.
Fairfax Financial Holdings Limited is a financial services
holding company which, through its subsidiaries, is engaged in
property and casualty insurance and reinsurance and investment
management.
Contacts: Fairfax Financial Holdings Limited Greg Taylor Chief
Financial Officer (416) 367-4941 Media Contact Fairfax Financial
Holdings Limited Paul Rivett Chief Legal Officer (416) 367-4941
Fairfax (NYSE:FFH)
Historical Stock Chart
From Apr 2024 to May 2024
Fairfax (NYSE:FFH)
Historical Stock Chart
From May 2023 to May 2024