SC 13G 1 d249036dsc13g.htm SC 13G SC 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant to § 240.13d-1(b), (c)

and (d) and Amendments Thereto Filed Pursuant to § 240.13d-2.

Under the Securities Exchange Act of 1934

 

 

 

The Governor and Company of the Bank of Ireland

(Name of Issuer)

 

 

 

Ordinary Stock, Nominal Value €0.05 Per Share

American Depository Shares, each representing forty (40) units of Ordinary Stock, Nominal

Value €0.05 Per Share

(Title of Class of Securities)

 

46267Q202

(CUSIP Number)

 

October 17, 2011

(Date of Event which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

 

*   The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in 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).

 

 

 

 


13G

 

CUSIP No. 46267Q202   Page 2 of 41 Pages

 

  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)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    CANADIAN

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    2,807,463,858

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    2,807,463,858

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,807,463,858

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    9.3%

12

 

TYPE OF REPORTING PERSON

 

    IN

 

2


13G

 

CUSIP No. 46267Q202   Page 3 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

1109519 ONTARIO LIMITED

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    ONTARIO, CANADA

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    2,807,463,858

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    2,807,463,858

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,807,463,858

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    9.3%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

3


13G

 

CUSIP No. 46267Q202   Page 4 of 41 Pages

 

  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)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    BRITISH COLUMBIA, CANADA

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    2,807,463,858

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    2,807,463,858

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,807,463,858

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    9.3%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

4


13G

 

CUSIP No. 46267Q202   Page 5 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

810679 ONTARIO LIMITED

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    ONTARIO, CANADA

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    2,807,463,858

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    2,807,463,858

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,807,463,858

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    9.3%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

5


13G

 

CUSIP No. 46267Q202   Page 6 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

FAIRFAX FINANCIAL HOLDINGS LIMITED

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    CANADA

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    2,807,463,858

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    2,807,463,858

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,807,463,858

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    9.3%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

6


13G

 

CUSIP No. 46267Q202   Page 7 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

ODYSSEY REINSURANCE COMPANY

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    CONNECTICUT

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    616,000,000

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    616,000,000

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    616,000,000

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    2.0%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

7


13G

 

CUSIP No. 46267Q202   Page 8 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

ZENITH INSURANCE COMPANY

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    CALIFORNIA

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    209,000,000

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    209,000,000

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    209,000,000

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.7%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

8


13G

 

CUSIP No. 46267Q202   Page 9 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

LOMBARD GENERAL INSURANCE COMPANY OF CANADA

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    CANADA

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    139,000,000

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    139,000,000

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    139,000,000

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.5%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

9


13G

 

CUSIP No. 46267Q202   Page 10 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

WENTWORTH INSURANCE COMPANY LTD.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    BARBADOS

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    849,528,493

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    849,528,493

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    849,528,493

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    2.8%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

10


13G

 

CUSIP No. 46267Q202   Page 11 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

NSPIRE RE LIMITED

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    IRELAND

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    522,471,507

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    522,471,507

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    522,471,507

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    1.7%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

11


13G

 

CUSIP No. 46267Q202   Page 12 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

TIG INSURANCE COMPANY

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    CALIFORNIA

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    139,000,000

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    139,000,000

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    139,000,000

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.5%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

12


13G

 

CUSIP No. 46267Q202   Page 13 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

CLEARWATER INSURANCE COMPANY

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    DELAWARE

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    70,000,000

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    70,000,000

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    70,000,000

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.2%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

13


13G

 

CUSIP No. 46267Q202   Page 14 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

FAIRFAX (BARBADOS) INTERNATIONAL CORP.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    BARBADOS

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    1,456,463,858

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    1,456,463,858

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    1,456,463,858

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    4.8%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

14


13G

 

CUSIP No. 46267Q202   Page 15 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

FALCON INSURANCE COMPANY (HONG KONG) LTD.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    HONG KONG

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    17,000,000

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    17,000,000

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    17,000,000

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.1%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

15


13G

 

CUSIP No. 46267Q202   Page 16 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

NEWLINE CORPORATE NAME LIMITED

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    UNITED KINGDOM

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    118,000,000

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    118,000,000

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    118,000,000

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.4%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

16


13G

 

CUSIP No. 46267Q202   Page 17 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

ADVENT CAPITAL NO. 3 LIMITED

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    UNITED KINGDOM

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    80,000,000

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    80,000,000

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    80,000,000

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.3%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

17


13G

 

CUSIP No. 46267Q202   Page 18 of 41 Pages

 

  1   

Names of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)

 

RIVERSTONE MANAGING AGENCY LIMITED

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    UNITED KINGDOM

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

   6   

SHARED VOTING POWER

 

    63,000,000

   7   

SOLE DISPOSITIVE POWER

 

   8   

SHARED DISPOSITIVE POWER

 

    63,000,000

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    63,000,000

10

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.2%

12

 

TYPE OF REPORTING PERSON

 

    CO

 

18


Item 1.  

(a)

   Name of Issuer:      
     The Governor and Company of the Bank of Ireland      
Item 1  

(b)

   Address of Issuer’s Principal Executive Offices:      
     Lower Baggot St., Dublin 2, Ireland      
Item 2.  

(a)

   Name of Person Filing:      
     This statement is being jointly filed by the following persons (collectively, the “Reporting Persons”):      
    

1.      V. Prem Watsa, an individual;

     
    

2.      1109519 Ontario Limited (“1109519”), a corporation incorporated under the laws of Ontario;

     
    

3.      The Sixty Two Investment Company Limited (“Sixty Two”), a corporation incorporated under the laws of British Columbia;

     
    

4.      810679 Ontario Limited (“810679”), a corporation incorporated under the laws of Ontario;

     
    

5.      Fairfax Financial Holdings Limited (“Fairfax”), a corporation incorporated under the laws of Canada;

     
    

6.      Odyssey Reinsurance Company (“Odyssey Reinsurance”), a corporation incorporated under the laws of Connecticut;

     
    

7.      Zenith Insurance Company (“Zenith”), a corporation incorporated under the laws of California;

     
    

8.      Lombard General Insurance Company of Canada (“LGICC”), a corporation incorporated under the laws of Canada;

     
    

9.      Wentworth Insurance Company Ltd. (“Wentworth”), a corporation incorporated under the laws of Barbados;

     
    

10.    nSpire Re Limited (“nSpire”), a corporation incorporated under the laws of Ireland;

     
    

11.    TIG Insurance Company (“TIG”), a corporation incorporated under the laws of California;

     

 

19


    

12.    Clearwater Insurance Company (“Clearwater”), a corporation incorporated under the laws of Delaware;

     
    

13.    Fairfax (Barbados) International Corp. (“Fairfax Barbados”), a corporation incorporated under the laws of Barbados;

     
    

14.    Falcon Insurance Company (Hong Kong) Ltd. (“Falcon”), a corporation incorporated under the laws of Hong Kong;

     
    

15.    Newline Corporate Name Limited (“Newline”), a corporation incorporated under the laws of the United Kingdom;

     
    

16.    Advent Capital No. 3 Limited (“Advent”), a corporation incorporated under the laws of the United Kingdom; and

     
    

17.    Riverstone Managing Agency Limited (“Riverstone”), a corporation incorporated under the laws of the United Kingdom.

     
Item 2  

(b)

   Address of Principal Business Office:      
     The addresses of the Reporting Persons are as follows:      
    

1.      Mr. Watsa’s business address is 95 Wellington Street West, Suite 800, Toronto, Ontario M5J 2N7;

     
    

2.      The principal business address and principal office address of 1109519 is 95 Wellington Street West, Suite 800, Toronto, Ontario M5J 2N7;

     
    

3.      The principal business address and principal office address of Sixty Two is 1600 Cathedral Place, 925 West Georgia St., Vancouver, British Columbia V6C 3L3;

     
    

4.      The principal business address and principal office address of 810679 is 95 Wellington Street West, Suite 800, Toronto, Ontario M5J 2N7;

     
    

5.      The principal business address and principal office address of Fairfax is 95 Wellington Street West, Suite 800, Toronto, Ontario M5J 2N7;

     
    

6.      The principal business address and principal office address of Odyssey Reinsurance is 300 First Stamford Place, Stamford, Connecticut 06902;

     
    

7.      The principal business address and principal office address of Zenith is 21255 Califa Street, Woodland Hills, California 91367-5021;

     
    

8.      The principal business address and principal office address of LGICC is 105 Adelaide Street West, 3rd Floor, Toronto, Ontario, Canada M5H 1P9;

     

 

20


    

9.      The principal business address and principal office address of Wentworth is Building #2 – Suite 1A, Manor Lodge Complex, Lodge Hill, St. Michael, Barbados;

     
    

10.    The principal business address and principal office address of nSpire is First Floor, 25-28 Adelaide Road, Dublin 2, Republic of Ireland;

     
    

11.    The principal business address and principal office address of TIG is 250 Commercial Street, Suite 500, Manchester, NH 03101;

     
    

12.    The principal business address and principal office address of Clearwater is 300 First Stamford Place, Stamford, Connecticut 06902;

     
    

13.    The principal business address and principal office address of Fairfax Barbados is Worthing Corporate Centre, Worthing Main Road, Christ Church, Barbados;

     
    

14.    The principal business address and principal office address of Falcon is 6/F, DCH Commercial Centre, No. 25 Westlands Road, Quarry Bay, Hong Kong;

     
    

15.    The principal business address and principal office address of Newline is Suite 4/5 London Underwriting Centre, 3 Minster Court, Mincing Lane, London EC3R 7DD;

     
    

16.    The principal business address and principal office address of Advent is 2 Minster Court, Mincing Lane, London EC3R 7BB; and

     
    

17.    The principal business address and principal office address of Riverstone is Park Gate, 161-163 Preston Road, Brighton, United Kingdom BN1 6AU.

     
Item 2  

(c)

   Citizenship:      
     V. Prem Watsa is a citizen of Canada.      
Item 2  

(d)

   Title of Class of Securities:      
    

Ordinary Stock, Nominal Value €0.05 Per Share (“Shares”)

American Depository Shares, each representing forty (40) Shares

     
Item 2  

(e)

   CUSIP Number:      
     46267Q202      

 

21


Item 3.   If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:   
  (a)       Broker or Dealer registered under Section 15 of the Act (15 U.S.C. 78o);
  (b)       Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
  (c)       Insurance Company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
  (d)       An Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
  (e)       An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  (f)       An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
  (g)       A parent holding company or control person, in accordance with §240.13d-1(b)(1)(ii)(G);
  (h)       A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i)       A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j)       A non-US institution in accordance with §240.13d-1(b)(1)(ii)(J);
  (k)       Group, in accordance with §240.13d-1(b)(1)(ii)(K).
Item 4.   Ownership.      
  Based on the most recent information available, the aggregate number and percentage of the Shares that are beneficially owned by each of the Reporting Persons is set forth in boxes 9 and 11 of the second part of the cover page to this Schedule 13G, and such information is incorporated herein by reference.      
  The number of Shares as to which each of the Reporting Persons has sole voting power, shared voting power, sole dispositive power and shared dispositive power is set forth in boxes 5, 6, 7 and 8, respectively, on the second part of the cover page to this Schedule 13G, and such information is incorporated herein by reference.      
  Neither the filing of this Schedule 13G nor the information contained herein shall be deemed to constitute an affirmation by V. Prem Watsa, 1109519, Sixty Two, 810679, Fairfax, Odyssey Reinsurance, Zenith, LGICC, Wentworth, nSpire, TIG, Clearwater, Fairfax Barbados, Falcon, Newline, Advent or Riverstone that such person is the beneficial owner of the Shares referred to      

 

22


   herein for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is expressly disclaimed.      
Item 5.    Ownership of Five Percent or Less of a Class.   
   Not applicable.   
Item 6.    Ownership of More than Five Percent on Behalf of Another Person.      
   Not applicable.      
Item 7.    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
   Not applicable.
Item 8.    Identification and Classification of Members of the Group.      
   See attached Exhibit No. 1.      
Item 9.    Notice of Dissolution of Group.      
   Not applicable.      
Item 10.    Certification.      
   By signing below each Reporting Person certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.      

 

23


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   V. Prem Watsa
 

/s/ V. Prem Watsa

 

24


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   1109519 Ontario Limited
  By:  

/s/ V. Prem Watsa

    Name:   V. Prem Watsa
    Title:   President

 

25


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   The Sixty Two Investment Company Limited
  By:  

/s/ V. Prem Watsa

    Name:   V. Prem Watsa
    Title:   President

 

26


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   810679 Ontario Limited
  By:  

/s/ V. Prem Watsa

    Name:   V. Prem Watsa
    Title:   President

 

27


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   Fairfax Financial Holdings Limited
  By:  

/s/ V. Prem Watsa

    Name:   V. Prem Watsa
    Title:   Chairman and Chief Executive Officer

 

28


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   Odyssey Reinsurance Company
  By:  

/s/ Kirk Reische

    Name:   Kirk Reische
    Title:   Vice President

 

29


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   Zenith Insurance Company
  By:  

/s/ Michael Jensen

    Name:   Michael Jensen
    Title:   Executive Vice President & General Counsel

 

30


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   Lombard General Insurance Company of Canada
  By:  

/s/ W.J. Dunlop

    Name:   W.J. Dunlop
    Title:   Senior Vice President & General Counsel

 

31


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   Wentworth Insurance Company Ltd.
  By:  

/s/ Ronald Schokking

    Name:   Ronald Schokking
    Title:   Chairman

 

32


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   nSpire Re Limited
  By:  

/s/ Ronald Schokking

    Name:   Ronald Schokking
    Title:   Chairman & Director

 

33


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   TIG Insurance Company
  By:  

/s/ John Bator

    Name:   John Bator
    Title:   Senior Vice President & Chief Financial Officer

 

34


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   Clearwater Insurance Company
  By:  

/s/ Kirk Reische

    Name:   Kirk Reische
    Title:   Vice President

 

35


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   Fairfax (Barbados) International Corp.
  By:  

/s/ Ronald Schokking

    Name:   Ronald Schokking
    Title:   Director

 

36


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   Falcon Insurance Company (Hong Kong) Ltd.
  By:  

/s/ Gobinath Athappan

    Name:   Gobinath Athappan
    Title:   CEO

 

37


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   Newline Corporate Name Limited
  By:  

/s/ J.R.F. Micklem

    Name:   J.R.F. Micklem
    Title:   Director

 

38


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   Advent Capital No. 3 Limited
  By:  

/s/ Neil Ewing

    Name:   Neil Ewing
    Title:   Company Secretary

 

39


SIGNATURE

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 28, 2011   Riverstone Managing Agency Limited
  By:  

/s/ Lorna Hemsley

    Name:   Lorna Hemsley
    Title:   Director

 

40


Exhibit Index

 

Exhibit
No.

  

Description

1    Members of filing group.
2    Joint Filing Agreement dated as of October 28, 2011 among V. Prem Watsa, 1109519 Ontario Limited, The Sixty Two Investment Company Limited, 810679 Ontario Limited, Fairfax Financial Holdings Limited, Odyssey Reinsurance Company, Zenith Insurance Company, Lombard General Insurance Company of Canada, Wentworth Insurance Company Ltd., nSpire Re Limited, TIG Insurance Company, Clearwater Insurance Company, Fairfax (Barbados) International Corp., Falcon Insurance Company (Hong Kong) Ltd., Newline Corporate Name Limited, Advent Capital No. 3 Limited and Riverstone Managing Agency Limited.

 

41


EXHIBIT 1

MEMBERS OF FILING GROUP

V. Prem Watsa

1109519 Ontario Limited

The Sixty Two Investment Company Limited

810679 Ontario Limited

Fairfax Financial Holdings Limited

Odyssey Reinsurance Company

Zenith Insurance Company

Lombard General Insurance Company of Canada

Wentworth Insurance Company Ltd.

nSpire Re Limited

TIG Insurance Company

Clearwater Insurance Company

Fairfax (Barbados) International Corp.

Falcon Insurance Company (Hong Kong) Ltd.

Newline Corporate Name Limited

Advent Capital No. 3 Limited

Riverstone Managing Agency Limited


EXHIBIT 2

CUSIP No. 46267Q202

AGREEMENT CONCERNING JOINT FILING

OF SCHEDULE 13G

The undersigned agree as follows:

(i) each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and

(ii) each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other person making the filing, unless such person knows or has reason to believe that such information is inaccurate.

This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same instrument.

Dated: October 28, 2011


V. PREM WATSA

/s/ V. Prem Watsa

1109519 ONTARIO LIMITED
By:  

/s/ V. Prem Watsa

  Name:   V. Prem Watsa
  Title:   President
THE SIXTY TWO INVESTMENT COMPANY LIMITED
By:  

/s/ V. Prem Watsa

  Name:   V. Prem Watsa
  Title:   President
810679 ONTARIO LIMITED
By:  

/s/ V. Prem Watsa

  Name:   V. Prem Watsa
  Title:   President
FAIRFAX FINANCIAL HOLDINGS LIMITED
By:  

/s/ V. Prem Watsa

  Name:   V. Prem Watsa
  Title:   Chairman and Chief Executive Officer
ODYSSEY REINSURANCE COMPANY
By:  

/s/ Kirk Reische

  Name:   Kirk Reische
  Title:   Vice President


ZENITH INSURANCE COMPANY
By:  

/s/ Michael Jensen

  Name: Michael Jensen
  Title:   Executive Vice President & General Counsel
LOMBARD GENERAL INSURANCE COMPANY OF CANADA
By:  

/s/ W.J. Dunlop

  Name: W.J. Dunlop
  Title:   Senior Vice President & General Counsel
WENTWORTH INSURANCE COMPANY LTD.
By:  

/s/ Ronald Schokking

  Name: Ronald Schokking
  Title:   Chairman
NSPIRE RE LIMITED
By:  

/s/ Ronald Schokking

  Name: Ronald Schokking
  Title:   Chairman & Director
TIG INSURANCE COMPANY
By:  

/s/ John Bator

  Name: John Bator
  Title:   Senior Vice President & Chief Financial Officer


CLEARWATER INSURANCE COMPANY
By:  

/s/ Kirk Reische

  Name: Kirk Reische
  Title:   Vice President
FAIRFAX (BARBADOS) INTERNATIONAL CORP.
By:  

/s/ Ronald Schokking

  Name: Ronald Schokking
  Title:   Director
FALCON INSURANCE COMPANY (HONG KONG) LTD.
By:  

/s/ Gobinath Athappan

  Name: Gobinath Athappan
  Title:   CEO
NEWLINE CORPORATE NAME LIMITED
By:  

/s/ J.R.F. Micklem

  Name: J.R.F. Micklem
  Title:   Director
ADVENT CAPITAL NO. 3 LIMITED
By:  

/s/ Neil Ewing

  Name: Neil Ewing
  Title:   Company Secretary


RIVERSTONE MANAGING AGENCY LIMITED
By:  

/s/ Lorna Hemsley

  Name: Lorna Hemsley
  Title:   Director