TORONTO, April 23, 2020 /PRNewswire/ - Norbord Inc.
(TSX and NYSE: OSB) today announced that due to the coronavirus
(COVID-19) pandemic, it is necessary to implement certain changes
to the meeting format for its upcoming Annual General Meeting (AGM)
to be held on May 6, 2020 at
10am ET. These changes are in light
of the unprecedented health impact of COVID-19 and in consideration
of the health and safety of the Company's shareholders, employees,
directors, other stakeholders and the broader community.
In order to comply with applicable COVID-19 government and
public health orders and to practice physical distancing,
shareholders will not be able to attend the AGM in person.
Shareholders may access the AGM via phone or webcast instead in
accordance with the instructions set out below. Shareholders may
email questions in advance to investors@norbord.com, specifying
"Norbord AGM" in the subject line. Shareholders are encouraged to
vote in advance by completing and submitting a proxy (or voting
instruction form). Instructions on how to vote can be found in the
Company's Notice and Management Proxy Circular for the AGM located
on its website at www.norbord.com.
To access the AGM conference call on May
6, please dial 647-484-0478 or 1-888-599-8686. The
conference ID is 5689317. The operator will request your name,
company and location. Please dial into the call approximately ten
minutes before the scheduled 10:00 a.m.
ET start time. The AGM will be broadcast live over the
Internet via www.norbord.com and www.newswire.ca. Business media
are invited to listen only on this call.
A replay number will be available approximately one hour after
completion of the AGM and will be accessible until June 5, 2020 by dialing 1-888-203-1112 or
647-436-0148. The passcode is 5689317 and the pin is 5370.
Norbord will continue to monitor developments of the COVID-19
pandemic and will advise shareholders as necessary of any further
updates regarding its AGM.
Norbord Profile
Norbord Inc. is a leading global manufacturer of wood-based
panels and the world's largest producer of oriented strand board.
In addition to OSB, Norbord manufactures particleboard, medium
density fibreboard and related value-added products. Norbord has
assets of approximately $1.9 billion
and employs approximately 2,400 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".
This news release contains forward-looking statements, as
defined by applicable securities legislation, including statements
related to our strategy, projects, plans, future financial or
operating performance and other statements that express
management's expectations or estimates of future performance.
Often, but not always, forward-looking statements can be identified
by the use of words such as "set up," "on track," "expect,"
"estimate," "forecast," "target," "outlook," "schedule,"
"represent," "continue," "intend," "should," "would," "could,"
"will," "can," "might," "may," and other expressions which are
predictions of or indicate future events, trends or prospects and
which do not relate to historical matters identify forward-looking
statements. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Norbord to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements.
Although Norbord believes it has a reasonable basis for
making these forward-looking statements, readers are cautioned not
to place undue reliance on such forward-looking information. By its
nature, forward-looking information involves numerous assumptions,
inherent risks and uncertainties, both general and specific, which
contribute to the possibility that the predictions, forecasts and
other forward-looking statements will not occur. These factors
include, but are not limited to: (1) developments related to
COVID-19, including health and safety measures instituted to
protect the Company's employees, government-imposed restrictions
that may apply to the Company's operations, the impact of COVID-19
on customer demand, supply and distribution and other factors; (2)
assumptions in connection with the economic and financial
conditions in the US, Europe,
Canada and globally; (3) risks
inherent to product concentration and cyclicality; (4) effects of
competition and product pricing pressures; (5) risks inherent to
customer dependence; (6) effects of variations in the price and
availability of manufacturing inputs, including continued access to
fibre resources at competitive prices and the impact of third-party
certification standards; (7) availability of transportation
services, including truck and rail services, and port facilities;
(8) various events that could disrupt operations, including
natural, man-made or catastrophic events and ongoing relations with
employees; (9) impact of changes to, or non-compliance with,
environmental or other regulations; (10) government restrictions,
standards or regulations intended to reduce greenhouse gas
emissions; (11) impact of weather and climate change on Norbord's
operations or the operations or demand of its suppliers and
customers; (12) impact of any product liability claims in excess of
insurance coverage; (13) risks inherent to a capital intensive
industry; (14) impact of future outcomes of tax exposures; (15)
potential future changes in tax laws, including tax rates; (16)
effects of currency exposures and exchange rate fluctuations; (17)
future operating costs; (18) availability of financing, bank lines
and/or securitization programs; (19) impact of future cross-border
trade rulings or agreements; (20) implementation of important
strategic initiatives and identification, completion and
integration of acquisitions; (21) ability to implement new or
upgraded information technology infrastructure; (22) impact of
information technology service disruptions or failures; and (23)
changes in government policy and regulation.
The above list of important factors affecting forward-looking
information is not exhaustive. Additional factors are noted
elsewhere, and reference should be made to the other risks
discussed in filings with Canadian and US securities regulatory
authorities. Except as required by applicable law, Norbord does not
undertake to update any forward-looking statements, whether written
or oral, that may be made from time to time by, or on behalf of,
the Company, whether as a result of new information, future events
or otherwise, or to publicly update or revise the above list of
factors affecting this information. See the "Forward-Looking
Statements" section in the February 4,
2020 Annual Information Form and the cautionary statement
contained in the "Forward-Looking Statements" section of the 2019
Management's Discussion and Analysis dated February 4, 2020.
View original
content:http://www.prnewswire.com/news-releases/norbord-announces-changes-to-annual-general-meeting-format-301045766.html
SOURCE Norbord Inc.