Business
Sangoma Announces Results of Its Special Meeting of Shareholders to Approve Its Acquisition of Star2Star
(TheNewswire) MARKHAM, ONTARIO – TheNewswire -...
About this update from Sangoma Technologies Corporation
[{"type":"text","content":"Sangoma Announces Results of Its Special Meeting of Shareholders to Approve Its Acquisition of Star2Star \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n MARKHAM,\n \n \n ONTARIO –\n \n \n TheNewswire -\n \n \n March 29,\n \n \n 2021\n \n \n – Sangoma\nTechnologies Corporation (“\n \n \n Sangoma\n \n \n ”) (TSXV:STC) is pleased to announce\nthat at the special meeting of its shareholders held on March 29,\n2021, the shareholders of Sangoma approved the arm’s length\nacquisition (the “\n \n \n Acquisition\n \n \n ”) of all of the issued and\noutstanding shares of StarBlue Inc. (“\n \n \n StarBlue\n \n \n ”) (the\nparent company of Star2Star Communications, LLC) and the creation of a\nnew “Control Person” (as defined in the policies of the TSX\nVenture Exchange (“\n \n \n TSXV\n \n \n ”)) of Sangoma, being Star2Star\nHoldings, LLC (“\n \n \n Star2Star\n \n \n ”)\n \n \n and/or its\nlargest shareholder Old Town Gelato, LLC (which is controlled by\nNorman A. Worthington, III, the Chief Executive Officer and Executive\nChair of StarBlue).\n \n \n \n \n The Acquisition was approved by 99\n \n \n %\n \n \n of the votes cast\nby the shareholders of Sangoma at the Meeting.  Approximately 78% of\nthe votes entitled to be cast at the Meeting based on Sangoma’s\noutstanding shares were voted at the Meeting.\n \n \n \n \n Subject to completion of all remaining closing\nconditions set out in the Acquisition stock purchase agreement dated\nJanuary 28, 2021, Sangoma expects the Acquisition to close on\nWednesday, March 31, 2021.\n \n \n \n \n \n About Sangoma Technologies Corporation\n \n \n Sangoma Technologies is a trusted leader in delivering value-based\nCommunications as a Service (CaaS) solutions for businesses of all\nsizes. Sangoma’s cloud-based Services include Unified Communication\n(UCaaS) business communications, Meetings as a Service (MaaS),\nCommunications Platform as a Service (CPaaS), Trunking as a Service\n(TaaS), Fax as a Service (FaaS), Device as a Service (DaaS), and\nAccess Control as a Service (ACaaS). In addition, Sangoma offers a\nfull line of communications Products, including premise-based UC\nsystems, a full line of deskphones and headsets, and a complete\nconn...