Fairfax Announces Conversion of Debentures of Ensign Energy Services Inc.

Apr 26, 2022

TORONTO, April 26, 2022 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that today it converted C$11,050,000 principal amount of convertible debentures (the “Convertible Debentures”) of Ensign Energy Services Inc. (“Ensign”) into 6,314,286 common shares of Ensign (“Common Shares”). The Convertible Debentures were converted in accordance with their terms at a price equal to C$1.75 per Common Share. The Convertible Debentures were converted following receipt of notice of Ensign’s intention to redeem the Debentures on June 6, 2022.

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