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A major power struggle is unfolding at Advanced Blockchain AG as its largest shareholder, Varadia SE, pushes for sweeping changes to the company’s leadership and compensation structure. The conflict culminates in a pivotal general meeting scheduled for Febuary 10th, where Varadia SE’s proposals will be put to a vote, injecting significant volatility into the company’s stock.
Mounting Pressure on Leadership
The escalating dispute centers around Varadia SE’s demand for the dismissal of four members of Advanced Blockchain AG’s supervisory board: Chairman Rüdiger Andreas Günther, his deputy Sebastian Markowsky, and board members Prof.Dr. Marcel Tyrell and Håkan Saltin. These demands, coupled with a proposed reduction in supervisory board remuneration – slashed by over 84%, from 95,000 euros to just 15,000 euros annually starting in 2026 – signal a deep level of dissatisfaction with the current governance.
“These proposals represent a fundamental challenge to the existing leadership and a clear call for a new direction,” stated one analyst following the developments.
Proposed Slate of New Directors
Varadia SE has put forward a slate of four candidates to replace the targeted board members: Charles Read, Cedric Albeke, Olaf Hasselbruch, and Thomas Memet Diler. The investor’s move follows a previous request in November for a special audit, indicating a sustained effort to overhaul the company’s oversight.
The proposed compensation cuts are especially striking, suggesting Varadia SE believes the current supervisory board is overpaid relative to its performance. This drastic reduction is intended to send a strong message about accountability and responsible financial management.
February 10th: A Decisive general Meeting
The virtual general meeting on February 10th represents a critical juncture for Advanced Blockchain AG. If Varadia SE secures a majority vote in favor of its applications, the company will undergo an immediate and comprehensive realignment of its supervisory body. The outcome will not onyl reshape the board’s composition but also significantly influence the company’s future strategic direction.
The stock market has already reacted to the uncertainty, with shares trading at 2.47 euros amid increased volatility.A continued high level of uncertainty is expected leading up to the vote.
Investor Analysis: Buy or Sell?
Amidst the turmoil, investors are seeking clarity on the future of Advanced Blockchain AG. A recent analysis, dated January 22nd, poses the question: is now the time to buy or sell? according to a company release, the latest financial numbers “speak for themselves,” suggesting an urgent need for action to benefit shareholders.
Why is this happening? Varadia SE, Advanced Blockchain AG’s largest shareholder, is dissatisfied with the company’s current leadership and financial performance. They believe the supervisory board is overpaid and not effectively guiding the company.
Who is involved? The key players are Varadia SE, pushing for change, and Advanced Blockchain AG’s Chairman Rüdiger Andreas Günther, his deputy Sebastian markowsky, and board members Prof. Dr. Marcel Tyrell and Håkan Saltin, who are targeted for removal. Four new candidates – Charles Read, Cedric Albeke, Olaf Hasselbruch, and Thomas Memet Diler – have been proposed.
What is being proposed? varadia SE is seeking to replace four members of the supervisory board and drastically reduce their compensation (from 95,000 euros to 15,000 euros annually).They also requested a special audit in November.
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