Administrators of Melbourne events signage company Signex Group and its wide format print business Prologica Digital Print have called a meeting of creditors for 15 February to decide if the company will be wound up.
Bayswater-based Signex and Prologica entered voluntary administration in November 2020 after losing over $1 million worth of work following the Covid-related cancellation of major events including the Grand Prix, the Melbourne International Flower and Garden Show and several golf tournaments.
Owner Doug Pieper (pictured right) told Wide Format Online at the time that he hoped the administration process would be over “in a few weeks” – that was before Melbourne broke world records in 2021 for the amount of time spent in Covid lockdowns.
Administrators Stephen Dixon and Leigh Dudman from Hamilton Murphy Advisory have now called a virtual meeting of creditors to be held on 15 February at 11.30am. “Creditors are required to attend by electronic means and no physical place for the meeting is provided,” said an ASIC notice.
Items in the agenda include:
1. To receive and consider a Report providing an update on the status of the Deed of Company Arrangement.
2. To fix the remuneration of the Joint and Several Deed Administrators.
3. For creditors to resolve that the Deed of Company Arrangement be terminated and that the Company be wound up and placed into liquidation.
4. If the Company is to be wound up and placed into liquidation:
a. to appoint a Liquidator(s);
Signex Group was established in 1985 and specializes in corporate, exhibition and event signage as well as point of sale and visual merchandising material.