Boston, MA, October 28, 2009 - Stream
Global Services, Inc., (NYSE/AMEX:SGS), a premium business process
outsource (BPO) service provider specializing in customer
relationship management services for Fortune 1000 companies, today
announced that 11,601 of its publicly traded warrants have been
exercised for a total exercise price of $69,606. The exercise of
our publicly traded warrants triggered certain participation rights
held by certain of our shareholders. Ares Management, Ayala
Corporation and Providence Equity Partners have participation
rights to purchase for $6.00 per share an aggregate number of
shares of Stream's common stock equal to 2.4364 multiplied by the
number of shares actually issued upon exercise of the publicly
traded warrants. Ayala Corporation, which has the right to purchase
the first 1.0 million of these shares, has exercised its
participation rights to purchase 28,265 common shares at $6.00 per
share. The maximum number of shares of Stream's common stock
issuable pursuant to these participation rights in the event that
all common shares underlying the publicly traded warrants are
exercised is 50,000,000. After the recent public warrant exercise,
Stream has 20,510,017 publicly traded warrants outstanding
(NYSE/AMEX:SGS) to acquire common shares at a cash exercise price
of $6.00 per common share that expire on October 17, 2011. In
addition, Ares Management, Providence Equity Partners and Ayala
Corporation continue to have participation rights to acquire
49,971,735 common shares for $6.00 per common share in cash, at a
rate of 2.4364 common shares for each public warrant that is
exercised for cash at $6.00 per share, if and when any of the
publicly traded warrants are exercised. These participation rights
expire when the public warrants expire on October 17,
2011.
Contact Information:
Nancy Finn
Global Marketing Communications
nancy.finn@stream.com
781-304-1846 About Stream Global Services
Stream Global Services is a premium business process outsource (BPO) service provider specializing
in customer relationship management including sales, customer care and technical support for Fortune
1000 companies. Stream is a trusted partner to some of the world's leading technology, computing,
telecommunications, retail, entertainment/media, and financial services companies. Our service programs
are delivered through a set of standardized best practices and sophisticated technologies by a highly
skilled workforce of approximately 30,000 employees based out of 50 solution centers in 22 countries
supporting more than 35 languages. Stream continues to expand its global presence and service offerings
to increase revenue, improve operational efficiencies and drive brand loyalty for its clients. To learn
more about the company and its complete service offering, please visit www.stream.com.
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