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
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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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures