The upcoming extraordinary general meetings of Signa Prime and Signa Development are crucial for restructuring and reorganizing the supervisory boards. The planned trust restructuring requires approval from shareholders, and new members have been suggested for the supervisory boards. Wolfgang Hesoun, Michael Mitterdorfer, and Sebastian Schäfer have been proposed as members of the boards.
The restructuring of Signa Prime and Signa Development will be comprehensive, with a focus on ensuring the best outcomes for both companies and their stakeholders. The supervisory board of Signa Development is expected to expand, with new members including real estate experts Christoph Schäffer and Michael Mitterdorfer, Karin Exner-Wöhrer, and Claudia Badstammer. Additionally, six new supervisors are expected to be appointed to the Signa Prime supervisory board.
Meanwhile, significant interest has been shown in purchasing the shell of the planned Signa luxury department store Lamarr in Vienna. Over 30 bidders are reportedly interested in the property. Despite this interest, progress is being made on the insolvency proceedings for the company, with claims worth 340 million euros filed.
Overall, it’s important that shareholders approve the planned trust restructuring at upcoming general meetings to ensure a successful reorganization of both companies’ supervisory boards.
