Absolute Software Reports Annual Shareholders Meeting Voting Results

Rhea-AI Summary

Absolute Software Corporation (NASDAQ: ABST, TSX: ABST) held its annual general meeting on December 14, 2021, where all seven nominees for director were elected. Voting highlights show Lynn Atchison received 87.92% support, while Andre Mintz achieved 99.90% approval. Shareholders re-appointed Deloitte LLP as the auditor and approved a new Omnibus Equity Incentive Plan and a 2021 Employee Share Ownership Plan. These measures aim to enhance corporate governance and employee engagement, contributing to Absolute's position as a leader in self-healing Zero Trust solutions.

Positive

• All seven director nominees elected with over 87% approval.
• Deloitte LLP re-appointed as auditors, ensuring financial integrity.
• Approval of new Omnibus Equity Incentive Plan fosters employee engagement.
• New 2021 Employee Share Ownership Plan enhances workforce alignment.

Negative

• None.

VANCOUVER, British Columbia & SAN JOSE, Calif.--(BUSINESS WIRE)-- Absolute Software Corporation (Nasdaq: ABST) (TSX: ABST), a leader in self-healing Zero Trust solutions, today announced that at its annual general meeting of shareholders held on December 14, 2021 (the “Meeting”) each of the seven nominees listed below and discussed further in Absolute’s management information circular dated November 15, 2021 (the “Circular”), were elected as directors.

The voting results for each director are as follows:

	For		%
Lynn Atchison	25,187,167		87.92%
Andre Mintz	28,620,318		99.90%
Gregory Monahan	26,554,862		92.69%
Daniel Ryan	25,130,531		87.72%
Salvatore Visca	25,287,928		88.27%
Gerhard Watzinger	24,670,981		86.12%
Christy Wyatt	25,077,393		87.54%

Additional voting results from the Meeting include:

• Absolute’s shareholders voted in favour of the re-appointment of Deloitte LLP as Absolute’s auditor;
• Absolute’s shareholders approved the new Omnibus Equity Incentive Plan as described in the Circular and Absolute’s press release dated December 2, 2021; and
• Absolute’s shareholders approved the new 2021 Employee Share Ownership Plan as described in the Circular and Absolute’s press release dated December 2, 2021.

Detailed voting results for the Meeting will be posted under Absolute’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

About Absolute Software

Absolute Software (NASDAQ: ABST) (TSX: ABST) accelerates customers’ shift to work-from-anywhere through the industry’s first self-healing Zero Trust platform, helping ensure maximum security and uncompromised productivity. Absolute is the only solution embedded in more than half a billion devices offering a permanent digital connection that intelligently and dynamically applies visibility, control and self-healing capabilities to endpoints, applications, and network access to help ensure their cyber resilience tailored for distributed workforces. Trusted by nearly 16,000 customers, G2 recognized Absolute as a leader in Zero Trust Networking in the Fall of 2021.

© 2021 Absolute Software Corporation. All rights reserved. ABSOLUTE and the ABSOLUTE logo are registered trademarks of Absolute Software Corporation. Other names or logos mentioned herein may be the trademarks of Absolute or their respective owners. The absence of the symbols ™️ and ® in proximity to each trademark, or at all, herein is not a disclaimer of ownership of the related trademark.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211215006033/en/

Media Relations

Becki Levine, Absolute Software

press@absolute.com

858-524-9443

Investor Relations

Joo-Hun Kim, MKR Group

IR@absolute.com

212-868-6760

Source: Absolute Software Corporation

FAQ

What were the results of Absolute Software's annual meeting on December 14, 2021?

All seven director nominees were elected with significant support, with Andre Mintz receiving 99.90% approval.

What plans were approved at Absolute Software's annual meeting?

Shareholders approved a new Omnibus Equity Incentive Plan and a 2021 Employee Share Ownership Plan.

Who was re-appointed as auditors for Absolute Software?

Deloitte LLP was re-appointed as Absolute Software's auditors.

What is Absolute Software's stock symbol?

The stock symbol for Absolute Software is ABST.