Businessman has been chairman for close to four years and has spent almost €382,600 acquiring stock in the company since his appointment
’s chairman of almost four years, David Hargaden, snapped up a further €90,000 batch of shares in the airline retail software company since it reported financial results late last month.
Mr Hargaden, an accountant and former head of corporate finance at BDO Ireland, sold his Unity Technologies, a cloud services company, last year for an undisclosed sum to Ekco, an IT services firm. He continues to run the business. While Datalex said in the earnings statement that it continues to explore fundraising options to replace the Tireragh loans, an equity share sale is widely considered to be off the table as the stock remains at depressed levels.
The company has this year renewed contracts with key existing customers JetBlue, Air China and Air Transat; and signed a deal with LatAm Airlines.
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