Prem Watsa

Concerned Shareholder Urges BlackBerry Board to Guard Against Unfair Buyout Bids and Oppose Watsa as Director as Board Considers Strategic Alternatives

Retrieved on: 
Thursday, June 22, 2023
Berkshire Hathaway, Morgan Stanley, IPO, Partnership, BlackBerry Limited, TradeWinds, Failure, Internet of things, CrowdStrike, Compensation, Software, CyberArk, Sokol, History, McKinsey & Company, Prem Watsa, Judgement, Amazon, Eyebrow, IVY, Superior Court of Quebec, Trust, The Company, BlackBerry, Acquisition, Annual general meeting, TSX, QNX, Growth, Emphasis, Fairfax Financial, OEM, Letter, BB, United Kingdom company law, Nomination, Common, Security (finance), Management, Cryptocurrency, Lubrizol, Atlas Corporation, Computer security

Accordingly, Mr. Gardner is urging the Board and shareholders to vote against Watsa as a director, given his conflict of interest as Fairfax's principal.

Key Points: 
  • Accordingly, Mr. Gardner is urging the Board and shareholders to vote against Watsa as a director, given his conflict of interest as Fairfax's principal.
  • Mr. Gardner is also urging the Board to resist unfair take-private bids and implement safeguards to protect minority shareholders.
  • As you may recall, I am a long-term investor in BlackBerry Limited ("BlackBerry" or the "Company"), holding approximately 5,000,000 shares of the Company's common stock.
  • At a minimum, the Board should exclude Watsa from its assessment of strategic alternatives given Watsa's clear conflict of interest.

Fairfax Commits US$5 Million (INR 37 Crore) to Provide COVID-19 Pandemic Relief in India

Retrieved on: 
Wednesday, April 28, 2021
Companies based in Bangalore, Fairfax Financial, Quess Corp, Prem Watsa, FFH, Fairfax County, Virginia, Economy of Canada, Canadian people, Canada

b'TORONTO, April 28, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (\xe2\x80\x9cFairfax\xe2\x80\x9d) (TSX: FFH and FFH.U) announces, together with the Fairfax India Charitable Trust and Fairfax India Holdings Corporation, a commitment of US$5 million (approximately INR 37 crore) to fund initiatives to assist India with the recent surge in COVID-19 cases and the urgent needs created thereby.\nThe first proposed initiative is to coordinate with our investee companies, Quess Corp Limited and Bangalore International Airport Limited, to work with the local government to rapidly create emergency hospital facilities using the expertise of Dexterra Group, a Fairfax investee company in Canada.\nFairfax is working with its Indian investee companies to determine further initiatives.

Key Points: 
  • b'TORONTO, April 28, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (\xe2\x80\x9cFairfax\xe2\x80\x9d) (TSX: FFH and FFH.U) announces, together with the Fairfax India Charitable Trust and Fairfax India Holdings Corporation, a commitment of US$5 million (approximately INR 37 crore) to fund initiatives to assist India with the recent surge in COVID-19 cases and the urgent needs created thereby.\nThe first proposed initiative is to coordinate with our investee companies, Quess Corp Limited and Bangalore International Airport Limited, to work with the local government to rapidly create emergency hospital facilities using the expertise of Dexterra Group, a Fairfax investee company in Canada.\nFairfax is working with its Indian investee companies to determine further initiatives.
  • In addition to these initiatives, in line with Fairfax\xe2\x80\x99s culture, we will commit the funds necessary to respond to the needs of the employees of our Indian investee companies during the COVID-19 pandemic.\nPrem Watsa, Chairman and Chief Executive Officer of Fairfax, commented, \xe2\x80\x9cWe are saddened by the current crisis in India resulting from the COVID-19 pandemic.
  • Fairfax wishes to assist India in traversing this incredibly difficult time and are hopeful that our commitment will provide some relief to India and its health-care system.\xe2\x80\x9d\nFairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.\n'

Fairfax India Announces Virtual Annual Meeting Details

Retrieved on: 
Monday, April 5, 2021
Washington metropolitan area, Shareholders, Geography of Virginia, Meetings, Prem Watsa, Annual general meeting, Proxy, Fairfax County, Virginia, Fairfax, Virginia, Geography of the United States

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
    TORONTO, April 05, 2021 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation (Fairfax India) (TSX: FIH.U) announces that, due to the COVID-19 pandemic, its April 15 annual meeting will be held virtually, commencing at 2:00 p.m. Eastern Time, with a video webcast of the formal annual meeting and a presentation by Prem Watsa, Fairfax Indias Chairman and Chandran Ratnaswami, Fairfax Indias CEO, followed by a Q&A session.
  • Registered shareholders and duly appointed proxyholders will be able to attend and vote at the meeting in real time through a web-based platform at https://web.lumiagm.com/447522463 .
  • Additional instructions may be found in Fairfax Indias management proxy circular as well as in our virtual AGM user guide which has been posted on our website at https://s1.q4cdn.com/293822657/files/doc_downloads/2021/2020-Fairfax-Ind... .
  • Shareholders are encouraged to vote by proxy in advance of the meeting by one of the methods described in the proxy circular.

Fairfax Announces Virtual Annual Meeting Details

Retrieved on: 
Monday, April 5, 2021
Washington metropolitan area, Fairfax Financial, Shareholders, Geography of Virginia, Prem Watsa, Meetings, FFH, Proxy, Fairfax, Virginia, Prem, Fairfax County, Virginia, Reinsurance

TORONTO, April 05, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) announces that, due to the COVID-19 pandemic, its April 15 annual meeting will be held virtually, commencing at 9:30 a.m. Eastern Time, with a video webcast of the formal annual meeting and a presentation by Prem Watsa, Fairfaxs Chairman and CEO, followed by a Q&A session.

Key Points: 
  • TORONTO, April 05, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) announces that, due to the COVID-19 pandemic, its April 15 annual meeting will be held virtually, commencing at 9:30 a.m. Eastern Time, with a video webcast of the formal annual meeting and a presentation by Prem Watsa, Fairfaxs Chairman and CEO, followed by a Q&A session.
  • Registered shareholders and duly appointed proxyholders will be able to attend and vote at the meeting in real time through a web-based platform at https://web.lumiagm.com/460681716 .
  • Shareholders are encouraged to vote by proxy in advance of the meeting by one of the methods described in the proxy circular.
  • Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.

Fairfax Announces Virtual Annual Meeting

Retrieved on: 
Wednesday, January 20, 2021
Washington metropolitan area, Geography of Virginia, Meetings, Shareholders, Fairfax Financial, Prem Watsa, Annual general meeting, Fairfax, Virginia, Fairfax County, Virginia, Geography of the United States, Economy of Canada

TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U), recognizing the continued global spread of COVID-19, with great regret has once again determined that its April 15 annual meeting will be held virtually, with no personal attendance by shareholders or by its directors and officers or the officers of its subsidiaries and Fairfax group companies, and with none of the related events which are a regular feature of its annual meeting.

Key Points: 
  • TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U), recognizing the continued global spread of COVID-19, with great regret has once again determined that its April 15 annual meeting will be held virtually, with no personal attendance by shareholders or by its directors and officers or the officers of its subsidiaries and Fairfax group companies, and with none of the related events which are a regular feature of its annual meeting.
  • There will be a webcast of the formal meeting and of a presentation by Prem Watsa, Fairfaxs Chairman and CEO, following the formal meeting, and a Q&A carried out through the webcast.
  • This year once again, for your safety, and for the safety of all our employees from the global pandemic, we, unfortunately, have to conduct our annual meeting virtually and cancel all our activities during our AGM.
  • We truly enjoy meeting our shareholders annually, and we look forward to welcoming you all in person, and to resuming our normal annual meeting activities, in 2022.

Fairfax Africa to Provide Update on Strategic Transaction

Retrieved on: 
Wednesday, September 16, 2020
Helios Investment Partners, Prem Watsa, Prem, Helios, Canadian people, Canada, Economy

At the meeting, Prem Watsa, Fairfax Africas Chairman, will provide an update on the previously announced strategic transaction with Helios Holdings Limited (the Transaction) and will discuss the underlying rationale for the Transaction.

Key Points: 
  • At the meeting, Prem Watsa, Fairfax Africas Chairman, will provide an update on the previously announced strategic transaction with Helios Holdings Limited (the Transaction) and will discuss the underlying rationale for the Transaction.
  • Mr. Watsa will also introduce Tope Lawani and Babatunde Soyoye, the future co-Chief Executive Officers of the company.
  • Mr. Lawani and Mr. Soyoye will describe their backgrounds with Helios Investment Partners and will discuss their shared vision for the future strategic direction of the company.
  • The virtual meeting can be accessed at:

Fairfax Africa Holdings Corporation: Second Quarter Financial Results

Retrieved on: 
Thursday, July 30, 2020
Fairfax Financial, Prem Watsa, Fairfax County, Virginia, Fairfax, Prem, Atlas Mara Limited, Business, Companies, Financial services

The financial results are prepared using the recognition and measurement requirements of International Financial Reporting Standards, except as otherwise noted, and are unaudited.)

Key Points: 
  • The financial results are prepared using the recognition and measurement requirements of International Financial Reporting Standards, except as otherwise noted, and are unaudited.)
  • TORONTO, July 30, 2020 (GLOBE NEWSWIRE) -- Fairfax Africa Holdings Corporation (TSX: FAH.U) announces a net loss of $4.2 million in the second quarter of 2020 ($0.07 net loss per diluted share), compared to a net loss of $16.2 million in the second quarter of 2019 ($0.27net loss per diluted share), reflecting decreased net unrealized losses on investments in the quarter.
  • In connection with the Transaction, Fairfax Africa will sell its 42.4% equity interest in Atlas Mara to Fairfax for an aggregate purchase price of $40 million.
  • We believe this partnership will be good for Africa, the shareholders of Fairfax Africa and Helios and the employees of both organizations," said Prem Watsa, Chairman and CEO of Fairfax Financial Holdings Limited.

Proposed Strategic Transaction Between Helios Holdings Limited and Fairfax Africa Holdings Corporation

Retrieved on: 
Friday, July 10, 2020
Washington metropolitan area, Fairfax Financial, Geography of Virginia, Prem Watsa, Economy, Fairfax County, Virginia, Fairfax, Prem, Canadian people

The Helios Holdings Group will contribute certain economic streams (from the management and performance fees arising from current and future Helios funds) to Fairfax Africa in exchange for a 45.9% equity and voting interest in the pro forma share capital of Fairfax Africa (the Transaction).

Key Points: 
  • The Helios Holdings Group will contribute certain economic streams (from the management and performance fees arising from current and future Helios funds) to Fairfax Africa in exchange for a 45.9% equity and voting interest in the pro forma share capital of Fairfax Africa (the Transaction).
  • Fairfax Financial Holdings Limited (Fairfax Financial) will retain voting control of the combined entity.
  • On closing of the transaction, Fairfax Africa will be renamed Helios Fairfax Partners Corporation (HFP) and continue to be listed on the Toronto Stock Exchange.
  • Prem Watsa, Chairman and CEO of Fairfax Financial Holdings Limited added:
    We are excited to partner with Tope and Babatunde in establishing Helios Fairfax Partners.

Prem Watsa Acquires Additional Shares of Fairfax

Retrieved on: 
Monday, June 15, 2020
Fairfax Financial, Prem Watsa, Economy, FFH, Prem, Canadian people

TORONTO, June 15, 2020 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces that Prem Watsa, its Chair and CEO, has advised that over the last few days he has purchased in the market 482,600 subordinate voting shares of Fairfax for an aggregate purchase cost of approximately US$148.95 million.

Key Points: 
  • TORONTO, June 15, 2020 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces that Prem Watsa, its Chair and CEO, has advised that over the last few days he has purchased in the market 482,600 subordinate voting shares of Fairfax for an aggregate purchase cost of approximately US$148.95 million.
  • Mr. Watsa commented as follows in connection with this purchase: At our AGM and on our first quarter earnings release call, I said that our shares are ridiculously cheap.
  • That statement reflected my recognition that in the 35 years since Fairfax began, I have never seen Fairfax shares sell at a bigger discount to their intrinsic value than they have recently.
  • Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.

FAIRFAX AFRICA ANNOUNCES ANNUAL AND SPECIAL MEETING WEBCAST DETAILS

Retrieved on: 
Tuesday, April 7, 2020
Washington metropolitan area, Geography of Virginia, Prem Watsa, Fairfax County, Virginia, Fairfax, Virginia, Canadian people

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
    TORONTO, April 07, 2020 (GLOBE NEWSWIRE) -- Fairfax Africa Holdings Corporation (Fairfax Africa) (TSX: FAH.U) has formerly announced that, due to the COVID-19 pandemic, shareholders will not be able to attend in person at its annual and special meeting commencing at 2:30 p.m. Eastern Time on Wednesday, April 15, 2020, but that there will be a webcast of the formal annual and special meeting and a presentation by Michael Wilkerson, Fairfax Africas CEO, followed by a Q&A session with Prem Watsa, Fairfax Africas Chair; Paul Rivett, Fairfax Africas Vice Chair; and Mr. Wilkerson.
  • Following are instructions on how to access this webcast and to submit questions for the Q&A.
  • Shareholders are encouraged to access the audio webcast, which may be found at https://www.gowebcasting.com/10599 beginning at 2:15 p.m. Eastern Time on Wednesday, April 15, 2020.
  • Shareholders are encouraged to vote by proxy in advance of the meeting by one of the methods described in the management proxy circular.