Fairfax India arranges buyback of up to 5.55 M shares

Executive Summary

• Fairfax India Holdings Corp. announced its intention to commence a normal course issuer bid (NCIB) for up to 5,551,115 subordinate voting shares (≈10% of public float) starting Sept 30 2025 and ending Sept 29 2026.
• The company also entered into an Automatic Share Purchase Plan (ASPP) that allows purchases during trading blackout periods, enhancing flexibility in executing the NCIB.
• To date, Fairfax India has purchased 356,465 subordinate voting shares over the past 12 months at a volume‑weighted average price of US $15.34 per share.

Key Details

• NCIB Scope: Up to 5,551,115 subordinate voting shares (≈10% of the public float of 55,511,159 shares as of Sept 16 2025).
• Purchase Limits: Maximum of 11,879 shares per trading day (25% of average daily volume of 47,519 shares over the prior six months); block purchase exemptions are not subject to this limit.
• Bid Period: Commences Sept 30 2025; expires Sept 29 2026.
• Existing NCIB Authorization: Prior TSX approval for up to 5,585,509 subordinate voting shares; 356,465 shares already purchased in the last 12 months at an average price of US $15.34 per share.
• ASPP Activation: Effective Sept 30 2025; permits purchases during internal trading blackout periods at the broker’s discretion within parameters set by Fairfax India.
• ASPP Termination Triggers: (a) Maximum annual purchase limit reached, (b) NCIB expiration, or (c) termination by Fairfax India per ASPP terms.
• Purpose Statement: Fairfax India believes its subordinate voting shares represent an attractive investment opportunity and that the bid will enhance value for remaining shareholders.

Notable Quotes

(No direct quotes provided in the release.)