The upcoming extraordinary general meetings of Signa Prime and Signa Development will require shareholders to approve the planned trust restructuring and reappointment of the supervisory boards. The restructuring process will be comprehensive, with real estate experts Christoph Schäffer and Michael Mitterdorfer being proposed as new members for Signa Development’s supervisory board. Wolfgang Hesoun has also been suggested for the board of Signa Prime, along with Karin Exner-Wöhrer and Sebastian Schäfer.
Meanwhile, 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. Progress is also being made on the insolvency proceedings for the company, with claims worth 340 million euros filed.
The upcoming meetings are crucial for both companies, as they focus on restructuring and reorganizing their supervisory boards to ensure the best outcomes for both companies and their stakeholders. Alfred Gusenbauer has recommended expanding Signa Development’s supervisory board by electing new members such as Christoph Stadhuber, who will replace him on the board of Signa Holding Board. Jürgen-Johann Rupp will continue to sit on both boards. Additionally, six new supervisors are expected to be appointed to Signa Prime’s supervisory board, including Michael Mitterdorfer, Karin Exner-Wöhrer, and Sebastian Schäfer.
