- Sangoma Technologies Corporation (STC) has announced a Normal Course Issuer Bid (NCIB)
- Sangoma may, purchase up to 1,071,981 shares between June 23, 2022 and June 22, 2023
- Sangoma Technologies delivers managed communications solutions for businesses of all sizes
- Sangoma Technologies Corporation (STC) is up 4.86 per cent on the day, trading at C$11.01 per share at 11:15 am ET
Sangoma Technologies Corporation (STC) has announced a Normal Course Issuer Bid (NCIB).
Sangoma may purchase up to 1,071,981 shares. Shares will be acquired under the NCIB at the market price and will be cancelled.
The bid will commence on June 23, 2022 and end no later than June 22, 2023.
Daily purchases under the NCIB will be limited to 6,761 shares.
Sangoma believes that the NCIB will provide added value and liquidity to its shareholders.
Sangoma has entered into an automatic share purchase plan with a designated broker.
Sangoma Technologies delivers Communications as a Service (CaaS) and Managed Service Provider (“MSP”) solutions for businesses of all sizes.
Sangoma’s cloud-based communication services include Unified Communication (UCaaS) business communications, Contact Center as a Service (CCaaS), Video Meetings as a Service (MaaS), Collaboration as a Service (Collab aaS), 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).
Sangoma Technologies Corporation (STC) is up 4.86 per cent on the day, trading at C$11.01 per share at 11:15 am ET.