Mr. Larry Stock reports
SANGOMA RENEWS NORMAL COURSE ISSUER BID
The Toronto Stock Exchange has accepted the notice filed by Sangoma Technologies Corp. to renew a normal course issuer bid program.
The company believes that the current market price of its common shares presents an attractive opportunity given the company's strong fundamentals and long-term growth potential. As such, the board has authorized the company to continue with an NCIB as a prudent and strategic use of capital. This buyback program reflects the company's confidence in its future while ensuring the company maintains the financial flexibility to continue accelerating the company's strategic alternatives. The timing and amount of repurchases will depend on factors such as valuation, liquidity and potential acquisitions.
Sangoma may, during the 12-month period commencing April 6, 2026, and ending no later than April 5, 2027, purchase up to 1,663,939 shares, representing approximately 5 per cent of the total number of 33,278,790 shares outstanding as of March 24, 2026. The NCIB will be made through the facilities of the TSX, the Nasdaq Global Select Market or alternative Canadian trading systems. Shares will be acquired under the NCIB at the market price and will be purchased for cancellation.
The average daily trading volume of the shares on the TSX for the most recently completed six calendar months is 24,845. Pursuant to TSX policies, daily purchases under the NCIB will be limited to 6,211 shares, representing 25 per cent of the ADTV, subject to the company's ability to make one block purchase of the shares per calendar week that exceeds such limit. The company will finance purchases of shares under the NCIB through surplus cash available from its operations.
Under its previously announced notice of intention to conduct an NCIB, pursuant to which the corporation received TSX approval to purchase up to 1,679,720 shares, the corporation purchased 710,435 shares through the facilities of the TSX, the Nasdaq Global Select Market and alternative Canadian trading systems at a volume-weighted average price of $7.52 per share.
Sangoma has entered into an automatic share purchase plan with a designated broker to allow for the purchase of shares under the NCIB at times when the company would ordinarily not be permitted to purchase shares due to self-imposed blackout periods, insider trading rules or otherwise.
About Sangoma Technologies Corp.
Sangoma is a leading business communications platform provider with solutions that include its award-winning UCaaS, CCaaS, CPaaS and trunking technologies. The enterprise-grade communications suite is developed in-house, available for cloud, hybrid or on-premise set-ups. Additionally, Sangoma provides managed services for connectivity, network and security. A trusted communications partner with over 40 years on the market, Sangoma has over 2.7 million UC seats across a diversified base of over 100,000 customers. Sangoma has been recognized for nine years running in the Gartner UCaaS magic quadrant. As the primary developer and sponsor of the open-source Asterisk and FreePBX projects, Sangoma is determined to drive innovation in communication technology continuously.
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