Prior to publication, the
information contained within this announcement was deemed by the
Company to constitute inside information as stipulated under the
Market Abuse Regulation (EU) No. 596/2014. With the publication of
this announcement, this information is now considered to be in the
public domain.
DATALEX
PLC
AGM
Statement and Potential Fundraising Update
Dublin, Ireland - 18 July 2024:
Datalex plc (the "Company" or the "Group") (Euronext Growth Dublin:
DLE), a market leader in airline e-commerce solutions, will
hold its Annual General Meeting ("AGM") at 11:00am Dublin time
today at Block V, Eastpoint Business Park, Dublin 3 D03
H704, Ireland.
At the AGM, David Hargaden,
Chairman, will make the following statement:
"In the Company's annual report for
the year ended 31 December 2023, which was published on 20 June
2024, the Board reiterated its focus on positioning the business to
repay the Tireragh Limited loan facility and announced that its was
actively working with its financial advisors to advise on and
commence an equity fundraising process.
I can confirm that this process is
ongoing and it is the Board's intention to launch a €25m equity
fundraising (the "Potential Fundraising"), in the early Autumn. The
Potential Fundraising, if completed, is expected to enable the
Group to repay in entirety its existing loan facility with Tireragh
Limited and provide sufficient working capital to invest further in
the Group's product roadmap and activation projects, while
continuing to compete for new revenue
opportunities.
Due to the legal requirements of
Regulation (EU) No 909/2014 of the European Parliament and of the
Council of 23 July 2014, shareholders would need to hold their
shares in dematerialised form in order to participate in the
Potential Fundraising (i.e. certificated shareholders would not be
eligible to participate in the Potential Fundraising). Therefore,
the Board would encourage any shareholder, who holds their shares
in certificated form and would like to be eligible to participate
in the Potential Fundraising, to dematerialise their shareholding
at their earliest convenience.
There is no certainty at this stage
that the Potential Fundraising will complete, nor the timing or
terms of the Potential Fundraising. Further announcements will be
made in due course as appropriate."
ENDS
Contact information
Investor Enquiries
Neil McLoughlin, Datalex
plc
+353 1 806 3500
investor.relations@datalex.com
Media Enquiries
Eavan Gannon, Powerscourt
+353 87 236 5973
Datalex@powerscourt-group.com
About Datalex
Datalex's purpose is to transform
airline retail. Datalex is a market leader in airline retail
technology, offering unique products that enable airlines to drive
revenue and profit as digital retailers. Datalex has a strong track
record of delivering digital retail transformation for progressive
airline brands worldwide. The Group is headquartered
in Dublin, Ireland, and maintains offices across Europe,
the USA and China. In 2023, Datalex was awarded the
'Great Place to Work®' and 'Best Workplaces in Tech™'
certifications. Datalex plc is a publicly listed company, on
Euronext Growth, Dublin.
Learn more at www.datalex.com
For the purposes of Article 2 of
Commission Implementing Regulation (EU) 2016/1055, the person
responsible for arranging for the release of this announcement on
behalf of Datalex is Neil McLoughlin, Chief Commercial and Legal
Officer. The date and time of this statement
is the same as the date and time that it has been communicated to
the media.
