Gilat Satcom, an international telecom operator was successfully de-listed in July 2008 following its flotation on AIM in 2005. The company was turned around with a new CEO and controlling shareholder. David Dwek was a non-executive Director of Gilat Satcom during its public listing in London. For background information.
Gilat Satcom is a broadband and voice satellite service provider focusing on the emerging markets. The company was listed on AIM in 2005.
Following a change of major shareholder and CEO, a strong recovery took place in the business. However, the volume of shares traded on the AIM market was very low as well as the company valuation and a decision was taken by the Board to take the company private. This was successfully completed in July 2008. David Dwek was a non executive director of Gilat Satcom whilst the Company was listed on AIM and contributed to focus the management team and the shareholders on the key strategic and financial issues for the development of the business