Rimini Street Inc climbs on increasing share buyback

Rimini Street

01/06/2022 15:28

** Shares of enterprise software provider Rimini Street Inc
 RMNI.O  climb 15.7% to $7.15
    ** Company increases share repurchase plan to $50 mln from
$15 mln  urn:newsml:reuters.com:*:nBw5BP2dMa
    ** RMNI says it prepaid $5 mln outstanding debt under its
term loan on May 31, leaving an approximate loan balance of
$81.6 mln as of June 1
    ** Company's shares up ~19% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))