Sangoma Renews Normal Course Issuer Bid

Executive Summary

• The Toronto Stock Exchange has accepted Sangoma’s notice to renew its NCIB program for a 12‑month period beginning April 6, 2026.
• The company may repurchase up to 1,663,939 common shares (≈5% of the outstanding share count) using surplus cash and will do so at market prices through TSX, Nasdaq or other Canadian trading systems.
• Sangoma previously purchased 710,435 shares under the earlier NCIB authorization at a volume‑weighted average price of C$7.52 per share.

Key Details

• Program Scope: Up to 1,663,939 shares (≈5% of 33,278,790 outstanding shares as of March 24, 2026).
• Timeframe: April 6, 2026 – April 5, 2027 (12‑month period).
• Purchase Limits: Daily purchases capped at 6,211 shares (25% of the average daily trading volume of 24,845 shares); one block purchase per calendar week may exceed this limit.
• Funding Source: Surplus cash generated from operations; no external financing required.
• Previous Activity: Under the prior NCIB notice, Sangoma bought 710,435 shares at a VWAP of C$7.52 per share.
• Execution Mechanism: Purchases will be made through TSX, Nasdaq Global Select Market, or alternative Canadian trading systems; an automatic share purchase plan with a designated broker allows buying during blackout periods.
• Strategic Rationale: Management believes the current market price presents an attractive opportunity given strong fundamentals and long‑term growth potential, using the buyback as a prudent capital allocation while preserving flexibility for strategic alternatives.

Notable Quotes

(No direct quotes were provided in the release.)