Shares in company have risen 16% so far this year
Sean O’Driscoll, the former Glen Dimplex chief executive, has increased his stake in travel retail software company Datalex to above the 10 per cent threshold.
The holding is up from a 9 per cent interest declared in December and a 6.2 per cent holding last August, before Datalex went about raising €25 billion from investors in a multipronged share sale at a price of 45 cents each. The company used most of the €25 million raised last September to repay loans to its main shareholder, Dermot Desmond, who had been a consistent provider of finance since the company was rocked six years ago by an accounting scandal and, subsequently, the Covid-19 pandemic.
Datalex hired Jonathan Rockett, the former managing director of mobile top-up platform Ding, as its chief executive in late 2023, after the year had spent several years refocusing from being a provider of bespoke systems for airlines to a product-based software firm.
Dermot-Desmond Jonathan-Rockett
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