Wednesday July 15, 2020

Datalex faces tough task to rebuild value

The airline software company aims to restore trading on stock market and raise new equity to repay loan

Ian Guider

Markets Editor

17th November, 2019

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...

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