Issue Shares Without Shareholder Approval In Fairfax
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FAQ
If you hold shares of PG&E Corporation common stock with our transfer agent, EQ Shareowner Services ("EQ"), you can sell your shares by either accessing your account online at .shareowneronline or by calling EQ Shareowner Services at (888) 489-4689.
Our transfer agent is Computershare.
Transfer Agent and Registrar Computershare Trust Company of Canada, Toronto Computershare Trust Company, N.A., Canton, Massachusetts.
Shareholder approval will also be necessary when issuing a new class of shares and you do not already have authority (such as when issuing your first class of preference shares when you only have ordinary shares currently).
We value loyalty – to Fairfax and our colleagues. We follow the Golden Rule: we treat others as we would want to be treated.
The directors must agree to issue shares with a minimum of 75% shareholder approval, otherwise, new shares must first be offered to current shareholders before being sold to third parties.
Watsa, directly, and indirectly through 1109519 Ontario Limited, The Sixty Two Investment Company Limited and 810679 Ontario Ltd., owns the controlling equity voting interest of Fairfax Financial Holdings Limited ("Fairfax"). He owns roughly 10% of Fairfax, which accounts for 99% of his personal wealth.
Prem Watsa controls 810 HoldCo, 1109 Holdco, Sixty Two and 12002574, and himself holds an additional 1,868 Subordinate Voting Shares and exercises control or direction over an additional 289,600 Subordinate Voting Shares.
How Do Private Companies Issue Stock? These days, private companies usually issue stock electronically instead of via paper certificates. Shareholders receive an email providing proof of ownership and all other details.
