Norbord Enters Into Automatic Share Purchase Plan
NORBORD INC (OSB)
US:NYSE Investor Relations:
norbord.com/investors
Company Research
Source: PR Newswire
TORONTO, Dec. 20, 2018 /PRNewswire/ - 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 Norbord's 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 Company's 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 Norbord's ASPP, Norbord's broker may purchase common shares at times when Norbord ordinarily would not be active in the market
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