Fairfax Announces Termination of Total Return Swaps of Ensign Energy Services Inc. and Acquisition of Common Shares
ENSGEnsign Group(ENSG) GlobeNewswire News Room·2024-06-11 19:50

TORONTO, June 11, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that on June 10, 2024, it terminated total return swaps over 7,787,600 common shares (“Common Shares”) of Ensign Energy Services Inc. (“Ensign”), which had an average reference price of C1.3182.Upontheterminationofthetotalreturnswaps,Fairfaxagreedwiththecounterpartytopurchase7,787,600CommonSharesatapriceofC1.3182. Upon the termination of the total return swaps, Fairfax agreed with the counterparty to purchase 7,787,600 Common Shares at a price of C2.34 per Common Share, representing 4.24% of the outstandi ...