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Fairfax Announces Acquisition of Additional Ensign Energy Services Inc. Common Shares
ENSGEnsign Group(ENSG) GlobeNewswire News Room·2024-08-14 11:45

Core Viewpoint - Fairfax Financial Holdings Limited has acquired additional shares of Ensign Energy Services Inc., increasing its ownership stake in the company to approximately 18.19% [1][2]. Group 1: Share Purchase Details - Fairfax acquired 271,100 common shares of Ensign at a price of C2.4238pershare,totalingapproximatelyC2.4238 per share, totaling approximately C657,092.18 [1]. - The recent purchase represents about 0.15% of Ensign's issued and outstanding common shares [2]. Group 2: Ownership and Future Intentions - Following the acquisition, Fairfax's total holdings in Ensign amount to 33,406,386 common shares, up from 33,135,286 shares prior to the purchase [2]. - The shares are acquired for investment purposes, and Fairfax may engage with Ensign's management regarding various transactions and may continue to trade or hold the securities based on market conditions and other factors [3]. Group 3: Regulatory Compliance - An early warning report will be filed by Fairfax in accordance with applicable securities laws, available on SEDAR+ [4]. - Fairfax operates primarily in property and casualty insurance and reinsurance, along with investment management through its subsidiaries [5].