Loqus Holdings plc - Approval of Restructuring Plan

Datatrak Holdings plc announced on 5 April that during the Extraordinary General Meeting held the previous day, both resolutions were approved paving the way for the Company to acquire through two of its subsidiaries the 50% shareholdings of Datatrak Solutions Limited (DSOL) and Datatrak IT Services Limited (DITSL) for an aggregate consideration not exceeding €4,784,850.

The consideration due by the Group will be settled through the allotment of 15,949,500 ordinary shares of Datatrak Holdings plc to CEO Joe Fenech Conti at a price of €0.30 per share. Joe Fenech Conti will become the largest Datatrak shareholder with a 50% stake.

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