Travel software firm Datalex has delisted its shares from the Nasdaq and confirmed Mr Neil Wilson will step down as executive chairman.
Explaining the delisting, New Datalex chief executive Mr Neil Beck said almost 100 per cent of Datalex institutional shareholders and more than 95 per cent of private shareholders are based in Ireland and Britain.
The company also said Mr Neil Wilson, founder of Datalex and its largest shareholder, will step down as executive chairman but will remain at the company to head a new "sales taskforce" to exploit opportunities in the recovering economy.
Mr Wilson will retain his seat on the board, the company said.
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Mr Michael Quinn, formerly chief executive of ICC Bank, will be taking over as chairman.