REG - Datalex PLC Datalex PLC - DLE - AGM Statement & Potential Fundraising Update

DatalexAnnouncement

18/07/2024 09:30

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RNS Number : 9285W  Datalex PLC  18 July 2024

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
(https://otp.tools.investis.com/clients/uk/datalex/rns/about%3Ablank)

 

Media Enquiries

Eavan Gannon, Powerscourt

+353 87 236 5973

Datalex@powerscourt-group.com
(https://otp.tools.investis.com/clients/uk/datalex/rns/about%3Ablank)

 

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
(https://otp.tools.investis.com/clients/uk/datalex/rns/about%3Ablank)

 

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.

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