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OneSpan Details Progress on Ongoing Transformation and Highlights Strength of Refreshed Board of Directors in New Investor PresentationOneSpan Inc. (NASDAQ: OSPN), the global leader in securing remote banking transactions, today shared a detailed investor presentation that highlights the progress the Company has made transitioning from a hardware-centric technology company to a recurring revenue, software-based trusted identity solutions business under the oversight of its engaged Board of Directors. The presentation also addresses the ever-changing and misguided rationale for the campaign being carried out by Legion Partners Holdings, LLC (together with its affiliates, "Legion") to replace half of OneSpan's independent directors. OneSpan urges stockholders to review the presentation and vote on the BLUE proxy card "FOR" ALL of the Company's director nominees at its upcoming annual meeting, scheduled to be held on June 9, 2021. Highlights from the presentation include: OneSpan has been successfully executing a multi-year transformation to become a trusted identity solutions provider.
The Company's transformation is driving results and delivering value for stockholders.
The OneSpan Board has been proactively refreshed with new directors who bring skills and experience that fit OneSpan's evolving business composition.
Legion has had a revolving door of suggestions that today includes virtually no actionable strategy or operational ideas; Legion's campaign now rests on the thin (and misguided) recommendation that the Board "fix the stock."
Legion's proxy contest is unnecessary, and its nominees would not bring additive skills to the Board.
OneSpan's Board continues to urge stockholders to vote on the BLUE proxy card "FOR" ALL of our highly qualified and experienced director nominees. The investor presentation, as well as other important information related to OneSpan's annual meeting, can be found at OneSpanValue.com. If you have questions, need assistance in voting your shares or wish to change a prior vote, please contact:
MacKenzie Partners, Inc.
REMEMBER: Simply discard any white proxy card you may receive from Legion. OneSpan's Board does not endorse any of Legion's nominees, and we urge you NOT to submit any vote using Legion's white proxy card, even as a protest vote. Voting to "WITHHOLD" with respect to any of Legion's nominees on a white proxy card sent to you by Legion is not the same as voting "FOR" the Board's nominees on the BLUE proxy card because a vote to "WITHHOLD" with respect to any of Legion's nominees on its white proxy card will revoke any BLUE proxy you may have previously submitted. 1: Source: FactSet (News - Alert). Data as of April 30, 2021. About OneSpan OneSpan helps protect the world from digital fraud by establishing trust in people's identities, the devices they use and the transactions they execute. We make digital banking accessible, secure, easy and valuable. OneSpan's Trusted Identity platform and security solutions significantly reduce digital transaction fraud and enable regulatory compliance for more than half of the top 100 global banks and thousands of financial institutions around the world. Whether automating agreements, detecting fraud or securing financial transactions, OneSpan helps reduce costs and accelerate customer acquisition while improving the user experience. Learn more at OneSpan.com. Copyright© 2021 OneSpan North America Inc., all rights reserved. OneSpan™ is a registered or unregistered trademark of OneSpan North America Inc. or its affiliates in the U.S. and other countries. Important Additional Information and Where to Find It OneSpan has filed a definitive proxy statement on Schedule 14A and accompanying BLUE proxy card and other relevant documents with the U.S. Securities and Exchange Commission (the "SEC (News - Alert)") in connection with the solicitation of proxies from the Company's stockholders in connection with the Company's 2021 annual meeting of stockholders (the "2021 Annual Meeting"). STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE COMPANY'S PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), ACCOMPANYING BLUE PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and stockholders will be able to obtain a copy of OneSpan's definitive proxy statement and other documents filed by OneSpan with the SEC free of charge from the SEC's website at www.sec.gov. In addition, copies will be available at no charge at https://www.OneSpan.com/ as soon as reasonably practicable after such materials are electronically filed with, or furnished to, the SEC.
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