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FORM 6-K
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the 19th day of June, 2006
Commission File No. 33-52214
Norbord Inc.
Suite 600, 1 Toronto Street, Toronto, Ontario Canada M5C
2W4
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F _____________ Form 40-F X
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): ______
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
YES _____ NO ______
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-3173
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. | |
(Registrant) | |
Date: June 19, 2006 | |
/s/ Lynne Taylor | |
Lynne Taylor | |
Assistant Corporate Secretary |
Form 6K Continued...
Exhibits
99.1 Material Change Report dated June 19, 2006
FORM 51-102F3
MATERIAL CHANGE REPORT
1. | Name and Address of Company |
The name and address of the reporting issuer is Norbord Inc., Suite 600, 1 Toronto Street, Toronto, Ontario M5C 2W4. | |
2. | Date of Material Change |
The material change occurred on June 15, 2006. | |
3. | News Release |
The press release reporting the material change was issued on June 16, 2006 in Toronto through Canada News Wire. | |
4. | Summary of Material Change |
The Board of Directors of Norbord Inc. declared the payment of a special dividend of Cdn. $1.00 per share to its common shareholders, payable on July 14th, 2006 to shareholders of record on June 30th, 2006. | |
5. | Full Description of Material Change |
Refer to the press release of Norbord dated June 16, 2006 which is attached to this report and being filed herewith. | |
6. | Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102 |
Not applicable. | |
7. | Omitted Information |
Not applicable. |
8. | Executive Officer |
John
Tremayne Executive Vice-President & Chief Financial Officer 416-643-8850 |
|
9. | Date of Report |
June 19, 2006 | |
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NEWS RELEASE
Norbord Declares Third Special Dividend
TORONTO, ON (June 16, 2006)
Following the annual strategy meeting with the Board of Directors, Norbord Inc. announced today the Board has declared a special dividend of CAD $1.00 per common share payable on July 14, 2006 to shareholders of record on June 30, 2006."This is the third special dividend Norbord has declared in as many years," said Barrie Shineton, Norbords President and Chief Executive Officer: "The strength of this housing cycle has been unprecedented, enabling Norbord to generate record cash flow. And we remain confident Norbords low cost position will ensure the company continues to generate healthy cash flow throughout the cycle."
This special dividend is in addition to the regular common annual dividend of CAD $0.40 per share. The total return of capital to shareholders from the special dividend will be approximately CAD $143 million. Norbord paid CAD $1.00 special dividends on each of May 20, 2005 and September 30, 2004. Dividends are declared at the complete discretion of Norbords Board of Directors, and the company has no present intention of declaring future special dividends.
Norbord Inc. is an international producer of wood-based panels with assets of $1.3 billion. We employ approximately 2,700 people at 16 plant locations in the United States, Europe and Canada. We are one of the worlds largest producers of oriented strand board (OSB). In addition to OSB, we manufacture particleboard, medium density fiberboard (MDF), hardwood plywood, I-joists and related value-added products. Norbord is a publicly-traded company listed on the Toronto Stock Exchange under the symbol NBD.
-end-
Contact:
Michael Botha
Corporate Controller
(416) 643-8837
michael.botha@norbord.com
Note - Some of the statements included or incorporated by
reference in this news release constitute "forward-looking statements" within
the meaning of securities legislation. All statements contained in this news
release that are not clearly historical in nature are forward-looking, and the
words "will ensure", "continues to", "has no present intention of" and similar
expressions are generally intended to identify forward-looking statements. These
statements may represent internal projections, expectations or beliefs
concerning, among other things, Norbord's future operating results or future
economic performance. However, whether actual results and developments will
conform with our projections, expectations or beliefs is subject to a number of
risks and uncertainties, many of which are beyond our control, including, but
not limited to, those identified in our annual information form under "Risks of
the Business" and those disclosed in our other filings with securities
regulators. The Company undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise.
Norbord Inc. | Telephone Number: | |
Suite 600 | (416) 365-0705 | |
1 Toronto Street | Fax (416) 365-3292 | |
Toronto, Ontario | www.norbord.com | |
M5C 2W4 |