Troubled Datalex to detail cost-cutting at delayed AGM

Troubled Datalex to detail cost-cutting at delayed AGM
Chief executive claims 'board was misled'

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

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.

Interim chief executive Sean Corkery will attempt to soothe investors at the...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post