Fairfax Financial Amends BlackBerry Stake Disclosure
Ticker: FRFFF · Form: SC 13D/A · Filed: Feb 20, 2024 · CIK: 915191
| Field | Detail |
|---|---|
| Company | Fairfax Financial Holdings LTD/ Can (FRFFF) |
| Form Type | SC 13D/A |
| Filed Date | Feb 20, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: insider-ownership, amendment, institutional-investor
Related Tickers: BB
TL;DR
**Fairfax Financial just updated their BlackBerry ownership, signaling a potential change in their investment strategy.**
AI Summary
Fairfax Financial Holdings Ltd./Can. and its numerous group members, including V. Prem Watsa, filed an SC 13D/A on February 20, 2024, regarding their ownership in BlackBerry Ltd. This amendment indicates a change in their beneficial ownership, though specific transaction details or dollar amounts are not provided in the excerpt. The filing lists a large consortium of entities under Fairfax's control, all acting as a group.
Why It Matters
This filing signals a potential shift in a major institutional investor's position in BlackBerry, which could influence market perception and future strategic decisions for the company.
Risk Assessment
Risk Level: low — The filing is an amendment to a previous disclosure, indicating a change in beneficial ownership rather than a new, high-impact event like an acquisition or hostile takeover.
Key Players & Entities
- FAIRFAX FINANCIAL HOLDINGS LTD/ CAN (company) — Filing entity, beneficial owner
- V. PREM WATSA (person) — Group member of Fairfax Financial Holdings Ltd.
- BLACKBERRY Ltd (company) — Subject company of the filing
- ALLIED WORLD ASSURANCE CO HOLDINGS I, LTD (company) — Group member of Fairfax Financial Holdings Ltd.
- ODYSSEY GROUP HOLDINGS, INC. (company) — Group member of Fairfax Financial Holdings Ltd.
FAQ
What is the purpose of this SC 13D/A filing by Fairfax Financial Holdings Ltd./Can.?
The purpose of this SC 13D/A filing is to amend a previous Schedule 13D, indicating a change in the beneficial ownership of BlackBerry Ltd. by Fairfax Financial Holdings Ltd./Can. and its group members.
Who are the primary entities involved in this filing?
The primary entities involved are FAIRFAX FINANCIAL HOLDINGS LTD/ CAN as the filing entity, and BLACKBERRY Ltd as the subject company. V. PREM WATSA is also listed as a key group member of Fairfax.
When was this SC 13D/A filed?
This SC 13D/A was filed on February 20, 2024, with the accession number 0001104659-24-025508.
What type of company is BlackBerry Ltd. according to the filing?
BlackBerry Ltd. is classified under 'SERVICES-PREPACKAGED SOFTWARE [7372]' according to its Standard Industrial Classification (SIC) code in the filing.
Are there any specific dollar amounts or percentage changes in ownership mentioned in this excerpt?
No, the provided excerpt does not contain specific dollar amounts or percentage changes in ownership, only the fact that an amendment to beneficial ownership has occurred.
Filing Stats: 4,603 words · 18 min read · ~15 pages · Grade level 10.7 · Accepted 2024-02-20 16:04:10
Filing Documents
- tm246589d1_sc13d.htm (SC 13D/A) — 803KB
- tm246589d1_ex99-20.htm (EX-99.20) — 53KB
- 0001104659-24-025508.txt ( ) — 860KB
From the Filing
SC 13D/A 1 tm246589d1_sc13d.htm SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 13)* BlackBerry Limited (Name of Issuer) Common Stock, No Par Value (Title of Class of Securities) 09228F103 (CUSIP Number) Peter Clarke President and Chief Operating Officer Fairfax Financial Holdings Limited 95 Wellington Street West, Suite 800 Toronto, Ontario, Canada, M5J 2N7 Telephone: (416) 367-4941 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - With a copy to - Sean J. Skiffington Ryan E. Robski Shearman & Sterling LLP Commerce Court West 199 Bay Street, Suite 4405 Toronto, Ontario M5L 1E8 Telephone (416) 360-8484 February 15, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box . The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 09228F103 1 Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only) V. Prem Watsa 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds OO 5 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e). 6 Citizenship or Place of Organization Canadian Number of Shares Beneficially Owned by Each Reporting Person With: 7 Sole Voting Power 296,571 8 Shared Voting Power 46,853,700 9 Sole Dispositive Power 296,571 10 Shared Dispositive Power 46,853,700 11 Aggregate Amount Beneficially Owned by Each Reporting Person 47,150,271 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 8.1% 14 Type of Reporting Person IN CUSIP No. 09228F103 1 Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only) The Second 810 Holdco Ltd. 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds OO 5 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e). 6 Citizenship or Place of Organization Canada Number of Shares Beneficially Owned by Each Reporting Person With: 7 Sole Voting Power 8 Shared Voting Power 46,853,700 9 Sole Dispositive Power 10 Shared Dispositive Power 46,853,700 11 Aggregate Amount Beneficially Owned by Each Reporting Person 46,853,700 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 8.0% 14 Type of Reporting Person CO CUSIP No. 09228F103 1 Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only) The Second 1109 Holdco Ltd. 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds OO 5 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e). 6 Citizenship or Place of Organization Canada Number of Shares Beneficially Owned by Each Reporting Person With: 7 Sole Voting Power 8 Shared Voting Power 46,724,700 9 Sole Dispositive Power 10 Shared Dispositive Power 46,724,700 11 Aggregate Amount Beneficially Owned by Each Reporting Person 46,724,700 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 8.0% 14 Type of Reporting Person CO CUSIP No. 09228F103 1 Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only) The Sixty Two Investment Company Limited 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds OO 5 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e). 6 Citizenship or Place of Organization British Columbia Number of Shares Beneficially Owned by Each Reporting Person With: 7 Sole Voting Power 8 Shared Voting Power 46,724,700 9 Sole Dispositive Power 10 Shared Dispositive Power 46,724,700 11 Aggregate Amount Beneficially Owned by Each Reporting Person 46,724,700 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 8.0% 14 Type of Reporting Person CO CUSIP No. 09228F103 1 Names of Reporting Person/I.R.S. Identif