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Spark's Rescue & Remediation Approach

Business Rescue - Mock up of deliverables and documentation

These are the formal and working docs you will expect to see from Spark!

Business Rescue Planning Scope & Deliverables - mockup

Reference Summary Description Document Owner Detailed Explanation
CoR 123.1 Notice of beginning of Business Rescue proceedings sent by MD or CEO,m or Chairman of the Board Notice in terms of Company ACt, section 129, and who the appointed BRP, it must provide:
  1. Actual Cor 123.1 submitted to CIPC
  2. The resolution or judgment that led to the voluntary or imposed rescue proceedings
  3. Statement under oath of the facts supporting the Board's decision
  4. Cor 123.2 submitted to CIP, - see next doc
CoR 123.2 Notice of appointment of Business Rescue Practitioner/s ...... ......
...... SENS Announcement and suspension of listing and trading of shares ...... ......
...... Notice of the first Cred­i­tors meeting ...... ......
...... Notice of the first Employee meeting ...... ......
...... First Cred­i­tors meeting ...... ......
...... First Employees meeting ...... ......
...... Busi­ness Res­cue Plan publication ...... ......
...... Notice of the second Creditors meeting ...... ......
...... Second Cred­i­tors meeting ...... ......
...... Busi­ness Res­cue Plan vot­ing meeting ...... ......
...... Busi­ness Res­cue Plan and amend­ments adopted ...... ......
...... Status Updates ...... ......
...... Sub­stan­tial imple­men­ta­tion of Busi­ness Res­cue Plan ...... ......

Stakeholder Specific Comms & Notices

Stakeholder Group Reference Summary Description Link Detailed Explanation
All parties
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Regulators - CIPC(FAIS)
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Employees
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Creditors
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Suppliers
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