Signa Restructuring: Pivotal EGM for Signa Prime and Signa Development Set to Approve Comprehensive Reform Plan

Candidates for new Signa supervisory board leaders announced

The upcoming extraordinary general meetings of Signa Prime and Signa Development will require approval from shareholders for a comprehensive restructuring plan. This includes the reappointment of the supervisory boards and the election of new members, as suggested by Alfred Gusenbauer. The proposed new board members include Wolfgang Hesoun, Christoph Schäffer and Michael Mitterdorfer, Karin Exner-Wöhrer, and Claudia Badstammer.

The supervisory boards of Signa Prime and Signa Development will also see some changes, with Jürgen-Johann Rupp continuing to sit on both boards. Christoph Stadhuber, a member of the Signa Holding Board, will be replaced on the supervisory boards of both companies. Additionally, six new supervisors are expected to be appointed to the Signa Prime supervisory board, including Michael Mitterdorfer, Karin Exner-Wöhrer, and Sebastian Schäfer.

There is significant interest in purchasing the shell of the planned Signa luxury department store Lamarr in Vienna, with over 30 bidders reportedly interested in the property. Meanwhile, progress is being made on the insolvency proceedings for the company, with claims worth 340 million euros filed.

Overall, the upcoming meetings for Signa Prime and Signa Development are crucial for restructuring and reorganizing the supervisory boards, with a focus on ensuring the best outcomes for both companies and their stakeholders.

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