Sangoma Updates Normal Course Issuer Bid to Buy Up to 1,663,939 Shares
Sangoma Technologies announced that the Toronto Stock Exchange has accepted the notice filed by the Company to renew its normal course issuer bid program. 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% 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% 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 fund purchases of Shares under the NCIB through surplus cash available from its operations. Under its previously announced notice of intention to conduct a 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 C$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.
