Sangoma Announces Grant of Options

(TheNewswire)

Markham, Ontario - TheNewswire - June 3, 2020 - Sangoma Technologies Corporation (TSXV:STC) (the “Corporation” or “Sangoma”), a trusted leader in delivering Unified Communications solutions for SMBs, Enterprises, OEMs, and Service Providers, both on-premise and in the cloud, today granted a total of 2,381,000 stock options to certain of its officers and employees.

The stock options have an exercise price of $2.20, expire in five years and vest over a period from one year to five years from the date of grant, subject to the policies of the TSX Venture Exchange.

The grant was made under the Corporation’s stock option plan as amended following shareholder approval at the annual and special meeting of the Corporation held on December 19, 2019, and as more fully described in Sangoma's management information circular dated November 15, 2019 available on Sangoma’s profile at www.sedar.com.

About Sangoma Technologies Corporation

Sangoma Technologies is a trusted leader in delivering Unified Communications and Unified Communications as a Service (UCaaS) solutions for SMBs, Enterprises, OEMs, Carriers and service providers. Sangoma’s globally scalable offerings also include industry leading Voice-Over-IP solutions, which together provide seamless connectivity between traditional infrastructure and new technologies. Sangoma’s products and services are used in leading PBX, IVR, contact center, carrier networks and data-communication applications worldwide. Businesses can achieve enhanced levels of collaboration, productivity and ROI with Sangoma. Sangoma is the primary developer and sponsor of the Asterisk project, the world’s most widely used open source communications software and FreePBX, the world’s most widely used open source PBX software. Everything Connects, Connect with Sangoma!

Founded in 1984, Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSX VENTURE: STC). Additional information on Sangoma can be found by visiting https://www.sangoma.com.

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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

[email protected]

www.sangoma.com

Copyright (c) 2020 TheNewswire - All rights reserved.

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