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IN BRIEF: Datalex extends repayment terms of debt deal with Tireragh

11th Apr 2023 16:53

Datalex PLC - Dublin-based software company in digital commerce for travel retail - Amends debt facilities with Tireragh Ltd, a company owned by Dermot Desmond. Extends the repayment date for all amounts owing to Tireragh from June 30 to December 31 2024. Engages with financial advisers to explore further fundraising options to secure capital to repay the debt facility and support the expansion of the business as it returns to positive cash flow generation and further builds out its global customer base.

Current stock price: EUR0.52

12-month change: down 35%

By Jeremy Cutler, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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