Dalata has announced that it has amended its debt facilities. This has changed its covenants until 2022 and increased its liquidity. We believe this removes any residual credit and liquidity risks in a worst case scenario. In addition, trading appears to be slightly better than expected.
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J & E Davy, trading as Davy, is regulated by the Central Bank of Ireland. Davy is a member of the Irish Stock Exchange, the London Stock Exchange and Euronext. In the UK, Davy is authorised by the Central Bank of Ireland and authorised and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our authorisation and regulation by the Financial Conduct Authority are available from us on request.
