Datalex faces tough task to rebuild value

For the third time in the space of three months, shareholders in Datalex have been called to a meeting to be told that the beleaguered company needed their support for more emergency measures. On Friday, this time in front of barely a dozen people, support was required for a further loan from the company’s largest shareholder, Dermot Desmond.

The €5 million being provided by Desmond comes on the back of an earlier financing ...