Friday November 22, 2019

Troubled Datalex to detail cost-cutting at delayed AGM

The company's largest shareholder Dermot Desmond to provide a further €5 million to keep the company afloat

By Ian Guider

Markets Editor

@ianguider
8th September, 2019

Chief executive claims 'board was misled'

Datalex, the travel industry software company, is expected to issue more details on a round of cost-cutting at its much delayed annual general meeting later this month.

The company is also set to issue new profit guidance after a torrid year that has seen it encounter corporate issues, the departure of its auditors and the prospect of an investigation by state authorities.

Datalex is planning to shave a further $13 million from costs in 2020...

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