Boston, MA, November 4, 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 pursuant to an
August 14, 2009 agreement with Ares Management LLC, Stream today
bought 425,000 of its public warrants held by Ares at a price of
.15 per warrant for a total of $63,750.
In addition, Stream today also announced an additional 11,023 of
its publicly traded warrants have been exercised for a total
exercise price of $66,138. Stream currently has 20,091,517 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 49,944,880 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. Ayala Corporation, which has the right to
purchase the first 1.0 million of these shares, has exercised its
participation right to purchase an additional 26,856 shares of
common stock at $6.00 per share, for a total exercise to date of
55,120 shares.
About Stream Global Services:
Stream Global Services is a premium business process outsource
(BPO) service provider specializing in customer relationship
management services 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 30 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.
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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