Thursday February 20, 2020

Datalex sticks with earnings forecast as Desmond stake rises

The company said the €10 million funding by Dermot Desmond was necessary as it identified a near-term funding requirement.

Ian Guider

Markets Editor

@ianguider
14th March, 2019
Financier Dermot Desmond

Datalex, the under pressure airline software company, said its earnings guidance for this year and next year remain unchanged as it finalises a €10 million cash lifeline from its largest investor.

The company said the €10 million funding by Dermot Desmond was necessary as it identified a near-term funding requirement.

Desmond is injecting €3.86 million through a share placing and a further €6.14 million via a loan to Datalex. The 18-month loan carries a 10%...

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