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Rimini Street Announces Additional Repurchase of $10 Million Par Value of Series A Preferred Stock


Rimini Street Announces Additional Repurchase of $10 Million Par Value of Series A Preferred Stock
Rimini Street Announces Additional Repurchase of $10 Million Par Value of Series A Preferred Stock
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced the completion of repurchases totaling $15 million par value of Series A preferred stock at an aggregate purchase price of $13.45 million, or 89.7% of par value. Repurchases of $5 million took place on October 30, 2020 and $10 million on January 5, 2021. As part of the transaction terms, the requirement to pay make-whole dividends through the end of the non-call date of July 19, 2021, was waived and the repurchased shares were retired. Please see Rimini Streets SEC 8-K filings made on November 2, 2020, and January 6, 2020, which include copies of the stock purcha ....

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