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Stock impact report

Sangoma Renews Normal Course Issuer Bid

Sangoma Technologies Corporation - Common Shares (SANG) 
Company Research Source: Business Wire
TORONTO--(BUSINESS WIRE)--Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) (“Sangoma” or the “Company”), a trusted industry leader uniquely offering businesses a choice of on-premises, cloud-based, or hybrid Communications as a Service solutions, is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the notice filed by the Company to renew its normal course issuer bid (“NCIB”) program.The Company believes that the current market price of our common shares (“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 our confidence in the Company’s future while ensuring we maintain the financial flexibility to continue accelerating the Company’s strategic alternatives. The timing and amount of repurchases will depend on factors such as valuation, liqu Show less Read more
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