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Absolute Enters Into Support Agreement

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VANCOUVER, Nov. 22, 2018 /CNW/ - Absolute® (TSX:ABT) (the "Company"), the end point visibility and control company, announced today that one of its largest shareholders has agreed to support the Company's nominees for directors being Salvatore Visca, Gerhard Watzinger, Gregory Monahan, Christy Wyatt, Eric Rosenfeld and Daniel Ryan (the "Nominees") at the annual general meeting of shareholders to be held on December 13, 2018; provided, however, that under certain conditions, one of the Nominees will be replaced by a different nominee. In addition, depending on certain conditions, the shareholder has also agreed to support at least a majority of the Nominees at the 2019 annual general meeting of shareholders. A copy of the agreement will be filed on SEDAR.

"We have had and continue to have discussions with a number of shareholders since our announcement that Christy Wyatt would be joining the Company as CEO" said Daniel Ryan, Chair of the board, "We are focused on providing Christy and the Company with the foundation to make the transition to new leadership in the Company and on the board as smooth as possible."

About Absolute

Absolute empowers more than 12,000 customers worldwide to protect devices, data, applications and users against theft or attack—both on and off the corporate network. With the industry's only tamper-proof end point visibility and control solution, Absolute allows IT to enforce asset management, security hygiene, and data compliance for today's remote digital workforces. Patented Absolute Persistence™ is embedded in the firmware of Dell, HP, Lenovo, and 26 other manufacturers' devices for vendor-agnostic coverage, tamper-proof resilience, and ease of deployment. See how it works at www.absolute.com and follow us at @absolutecorp.

©2018 Absolute Software Corporation. All rights reserved. Absolute and Persistence are registered trademarks of Absolute Software Corporation. For patent information, visit www.absolute.com/patents. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.

SOURCE Absolute Software Corporation

View original content: http://www.newswire.ca/en/releases/archive/November2018/22/c8870.html

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