|
Time
|
|
Speaker
|
|
|
|
Material
|
|
What must be contained in a business rescue plan?
|
|
8h00
|
Arrival and registration (Tea and pastries served)
|
|
|
8h15
|
Introduction and welcome
|
Robert
|
|
8h30
|
Case study: Business rescue plan – The general requirements
|
Karl
|
|
|
This case study will present and discuss two actual business plans, drafted by two different practitioners, based on the same information.
The case study will focus on the various requirements which must be included and dealt with in a business plan, including:
-
Information which must be included in the plan;
-
Investigation of the affairs of the Company by the practitioner;
-
Considerations to be taken into account when dealing with loans which don’t comply with Section 45 requirements;
-
What are the requirements of the statement which must be included by the practitioner?
|
Case study: presenting copies of the two business plans
|
|
10h15
|
Tea with snacks
|
|
|
10h45
|
Case study: Business rescue plan – The financial requirements
|
Karl
|
|
|
We continue with case study, using the book to evaluate if a business plan complies with the requirements of the Act.
The case study also shows how the prescribed structure of a business plan must be adhered to, we focus on:
-
Presentation of financial information, and dates this information must be presented;
-
How to map the information that the practitioner obtains when starting with the business rescue, the subsequent investigation, to the presentation;
-
How to deal with implications and impact of post commencement finance in a business rescue plan;
-
What are the impact of adjustments to the income statement and balance sheet and how must they be presented; and
-
How must the projections for three years be presented?
|
|
|
12h45
|
Lunch (provided)
|
|
|
How should a meeting held in terms of Section 152 and 153 be conducted?
|
|
13h45
|
Case study: Minutes of Section 152 meetings held in terms of the business plan presented above.
|
Karl
|
|
|
We discuss the content of the meetings and what transpired at these meetings, dealing with inter alia:
-
What must be included in the agenda of the Company;
-
What must be contained in an attendance register;
-
What are the responsibilities of the practitioner as chairman at the meeting;
-
What happens if an unannounced alternative plan is presented at the meeting;
-
Who votes on behalf of the shareholders if the equity has been ceded?
|
Case study The minutes of the meeting held
|
|
15h15
|
Tea with snacks
|
|
|
15h30
|
Case study: Minutes of Section 153 meetings held in terms of the business plan presented above.
|
Karl
|
|
|
We discuss what happens if a binding offer is made at Section 152 meeting, the resulting Section 153 meeting and what must happen at such a meeting.
|
|
|
16h15
|
Summary and conclusions
|
Karl
|
|
16h45
|
Closing
|
Karl
|
