Stream Global Services Announces Public Warrant Exercises and Exercise of Participation Rights by Ayala Corporation
2009年10月29日 - 1:56AM
PRニュース・ワイアー (英語)
BOSTON, Oct. 28 /PRNewswire-FirstCall/ -- 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: Sally Comollo Director of Marketing Communications
781-304-1847 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 http://www.stream.com/. DATASOURCE:
Stream Global Services, Inc. CONTACT: Sally Comollo, Director of
Marketing Communications of Stream Global Services, Inc.,
+1-781-304-1847, Web Site: http://www.stream.com/
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