VANCOUVER, Canada: November 30, 2017 — Absolute (TSX: ABT) (the “Company”), the endpoint visibility and control company, today announced that the Company has made the following amendments to the matters to be considered at the Company’s Annual General and Special Meeting to be held on December 12, 2017 (the “Meeting”), including the proposed new articles of the Company (the “New Articles”):
- Withdrawal of resolution increasing maximum authorized share structure. The Company has determined not to seek shareholder approval to amend the Notice of Articles of the Company to increase the authorized share capital of the Company to an unlimited number of common shares. As a result, the authorized capital will remain at 100,000,000 common shares.
- Removal of Forum Selection Clause. The New Articles will no longer contain a forum selection clause which requires that an action against the Company be brought in the Company’s home jurisdiction of British Columbia.
The Company is making these amendments in order to secure the support of Institutional Shareholder Services to recommend that shareholders of the Company vote “for” all matters to be considered at the Meeting.
All other matters to be considered at the Meeting, including the remaining provisions of the New Articles, remain unchanged and are further described in the Company’s management information circular for the Meeting dated November 6, 2017 available on SEDAR (www.sedar.com).