IOWA CITY, Iowa, Dec. 15, 2022 (GLOBE NEWSWIRE) — MCI Capital, LC (“MCI”), a wholly owned subsidiary of MCI, LC, announced today that it is extending the offer period for its previously announced cash tender offer to purchase up to 4,000,000 StarTek, Inc. common stock SRT (“StarTek”) at a purchase price of $4.20 per share until 5:00 p.m. New York City time on January 4, 2023. The tender offer was previously scheduled to close at 12:00 a.m. New York City time at the end of the day on January 20, 2023. December 2022. The offer is now being extended to the 10th business day after its originally scheduled expiration. To date, no StarTek common stock has been deposited in response to the tender offer. As previously announced, if more than 4,000,000 shares are offered in the tender offer, MCI will, subject to the terms of the tender offer, purchase shares from shareholders who duly tender shares pro rata based on the total number of shares offered. The tender offer is contingent upon, among other things, that at least 2,000,000 shares are validly offered and not canceled in accordance with the terms.

Tenders for the shares in the tender offer must be made prior to its expiration and may be withdrawn at any time prior to expiry in accordance with the terms set out in the offer documents.

Important information on the takeover offer

This press release does not constitute an offer to purchase, or the solicitation of an offer to sell, StarTek common stock or any other security. This press release is for informational purposes only. MCI has filed a Schedule TO tender offer statement with the SEC detailing the terms of the tender offer, and StarTek has filed a Schedule 14D-9 solicitation/recommendation statement with the SEC with respect to the offer. THE MATERIALS OF THE OFFER (INCLUDING THE OFFER TO PURCHASE, RELATED COMMUNICATION LETTER AND CERTAIN OTHER OFFERS…