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Sangoma Announces Grant of Options

Written by Customer Service on . Posted in Public Companies.

MARKHAM, Ontario, Feb. 09, 2021 (GLOBE NEWSWIRE) — Sangoma Technologies Corporation (TSX VENTURE:STC), a trusted leader in delivering cloud-based Communications-as-a-Service (“CaaS”) solutions, today granted 4,600,000 stock options to its directors, officers and employees and granted a further 1,100,000 stock options to officers which are conditional upon the closing of the recently announced StarBlue acquisition. Both grants are conditional upon the approval by the TSX Venture Exchange.
The options have an exercise price of $4.90 (being no lower than the closing market price of the Corporation’s common shares on the TSXV on the previous trading day, being February 8, 2021), expire in 5 years and vest over a period from 1 year to 4 years.  The grant was made under the plan as amended following shareholder approval at the Annual and Special Meeting held on December 17, 2020, and as more fully described in Sangoma’s Management Information Circular dated November 20, 2020 available at www.sedar.com.About Sangoma Technologies CorporationSangoma Technologies is a trusted leader in delivering value-based Communications as a Service (CaaS) solutions for businesses of all sizes. Sangoma’s cloud-based Services include Unified Communication (UCaaS) business communications, Meetings as a Service (MaaS), Communications Platform as a Service (CPaaS), Trunking as a Service (TaaS), Fax as a Service (FaaS), Device as a Service (DaaS), and Access Control as a Service (ACaaS). In addition, Sangoma offers a full line of communications Products, including premise-based UC systems, a full line of deskphones and headsets, and a complete connectivity suite (gateways/SBCs/telephony cards). Sangoma’s products and services are used in leading UC, PBX, IVR, contact center, carrier networks, office productivity, and data communication applications worldwide. Sangoma is also the primary developer and sponsor of Asterisk and FreePBX, the world’s two most widely used open source communication software projects.Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSX VENTURE: STC). Additional information on Sangoma can be found at: www.sangoma.com.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Sangoma Technologies Corporation
David Moore
Chief Financial Officer
(905) 474-1990 Ext. 4107

www.sangoma.com

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