UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2018
Commission File Number: 001-37694
NORBORD INC.
(Translation of the registrants name into English)
1 Toronto Street, Suite 600, Toronto, Ontario, Canada, M5C 2W4
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
The following document, which is attached as an exhibit hereto, is incorporated by reference herein:
Exhibit |
Title | |
99.1 | News Release, dated December 20, 2018 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
NORBORD INC. | ||||||
Date: December 20, 2018 | By: | /s/ Elaine Toomey | ||||
Name: Elaine Toomey | ||||||
Title: Assistant Corporate Secretary |
Exhibit 99.1
News Release
NORBORD ENTERS INTO AUTOMATIC SHARE PURCHASE PLAN
TORONTO, ON (December 20, 2018) Norbord Inc. (TSX and NYSE: OSB) today reported that it has entered into an automatic share purchase plan (ASPP) with a broker in order to facilitate repurchases of Norbords common shares under its previously announced normal course issuer bid (NCIB).
The Company previously announced that it had received approval from the Toronto Stock Exchange (TSX) to purchase up to 5,191,965 common shares, representing approximately 10% of the Companys public float, during the 12-month period commencing November 5, 2018 and terminating November 4, 2019. Such purchases made pursuant to the NCIB are made on the open market by Norbord through the facilities of the TSX, the New York Stock Exchange or Canadian or US alternative trading systems, if eligible, in accordance with the requirements of the TSX and applicable securities laws.
Under Norbords ASPP, Norbords broker may purchase common shares at times when Norbord ordinarily would not be active in the market due to insider trading rules and its own internal trading blackout periods. Purchases will be made by Norbords broker based upon parameters set by Norbord prior to the commencement of any such blackout period and in accordance with the terms of the ASPP. Outside of these blackout periods, common shares may continue to be purchased in Norbords discretion, subject to applicable law. The ASPP has been entered into in accordance with the requirements of applicable Canadian securities laws.
Norbord Profile
Norbord Inc. is a leading global manufacturer of wood-based panels and the worlds largest producer of oriented strand board (OSB). In addition to OSB, Norbord manufactures particleboard, medium density fibreboard and related value-added products. Norbord has assets of approximately $2.1 billion and employs approximately 2,750 people at 17 plant locations in the United States, Canada and Europe. Norbord is a publicly traded company listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol OSB.
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Contact:
Heather Colpitts
Senior Manager, Corporate Affairs
Tel. (416) 365-0705
info@norbord.com