Business Rescue

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Introduction

Welcome to the official information page regarding Daybreak Foods' business rescue proceedings. On June 12, 2025, the Daybreak Foods Board of Directors passed a resolution to voluntarily undergo the business rescue in accordance with the Companies Act 71 of 2008. This decision was made after careful consideration, as the Board had reasonable grounds to believe that the company was financially distressed and that there was a reasonable prospect of rescuing it. The company is currently under the supervision of a Business Rescue Practitioner, Mr. Tebogo Christopher Raymond Maoto, who was appointed on the same date.

Official Business Rescue Documents

This section contains all official documents related to the business rescue proceedings of Daybreak Foods. Here, you will find the board resolutions to commence the process, the sworn statement confirming the company's financial distress and the reasons for it, as well as the formal notices sent to the affected parties. You will also find a presentation given at the first meeting of creditors and employees, which outlines the plan for stabilisation and long-term turnaround. These documents are intended to provide transparency and keep all stakeholders informed about the process and progress.

Notice and Circular to Creditors

Circular to All Affected Parties

This document is a circular from the Business Rescue Practitioner of Daybreak Foods, confirming that the amended business rescue plan was adopted by a majority vote of creditors at a meeting on September 26, 2025.

Daybreak Foods Media Statement

This document is a media statement from Daybreak Foods announcing that its business rescue plan has been approved by 99.98% of creditors and outlining the next steps in its turnaround strategy.

Status of Business Rescue Proceedings for Employees

This document is a letter from the Senior Business Rescue Practitioner of Daybreak Foods explaining the impact of the business rescue process on employees, including details on salary payments and the status of the business rescue plan.

Circular to All Affected Parties

This document is a circular from the Business Rescue Practitioner of Daybreak Foods, informing affected parties that the business rescue plan will be amended and that the second meeting of creditors will be adjourned to a later date.

Amended Business Rescue Plan

This document is the amended first business rescue plan for Daybreak Foods, which outlines three different options for the company's Reactivation Phase and details the updated financial projections, creditor information, and risks associated with the plan.

Response to Employees Committee

Response to Employees CommitteeThis document is a formal letter from the Business Rescue Practitioner of Daybreak Foods to the Employees Committee, addressing their queries regarding stipends, abattoir reactivation, retrenchment timelines, and pension fund contributions.

Circular to All Affected Parties

This document is a circular from the Business Rescue Practitioner of Daybreak Foods, informing affected parties that the business rescue plan will be amended and that the second meeting of creditors will be adjourned to a later date.

Daybreak Foods Notice of Business Rescue Proceedings and Appointment of Business Rescue Practitioner

This document formally notifies affected parties of Daybreak Foods (Pty) Ltd’s voluntary commencement of business rescue proceedings in terms of Section 129 of the Companies Act, and confirms the appointment of Mr. Tebogo Maoto as the Business Rescue Practitioner.

First Meeting of Creditors Presentation

This document is a presentation given by the Business Rescue Practitioner for Daybreak Foods at the first meeting of creditors on June 23, 2025, detailing the background, actions to date, and the phased plan for rescuing the company.

First Meeting of Employees Presentation

This document is a presentation given by the Business Rescue Practitioner for Daybreak Foods at the first meeting of employees on June 24, 2025, detailing the background, recent actions, and the phased plan for rescuing the company.

Board Resolution for Business Rescue Proceedings

This document contains the written resolutions passed by the board of directors of Daybreak Foods to voluntarily begin business rescue proceedings on June 12, 2025.

Sworn Statement for Business Rescue Proceedings

This document is a sworn statement from Charlotte Nkuna, a director of Daybreak Foods, confirming the company's financial distress and the board's resolution to voluntarily begin business rescue proceedings.

Notice of Business Rescue Proceedings and Appointment of Practitioner

This document serves as a formal notice to all known affected parties that Daybreak Foods has commenced business rescue proceedings and has appointed Tebogo Maoto as the senior business rescue practitioner

Companies and Intellectual Property Commission (CIPC) Notice of Business Rescue

This document is a confirmation from the CIPC that Daybreak Foods (Pty) Ltd. has commenced business rescue proceedings, effective June 12, 2025.

Notice of Appointment of Business Rescue Practitioner

This document from the Companies and Intellectual Property Commission (CIPC) confirms the successful application and appointment of Tebogo Christopher Raymond Maoto as the senior business rescue practitioner for Daybreak Foods (Pty) Ltd., effective June 12, 2025.

Business Rescue Plan

Further Amended Business Rescue Plan

This document is a further amended version of the first business rescue plan for Daybreak Foods, which provides additional details on a proposed employee trust for the broiler farms and updates financial figures and the timeline of events.

First Business Rescue Plan

This document outlines the first business rescue plan for Daybreak Foods, detailing the company's financial distress, the proposed three-phased rescue strategy, and the plans for operational and financial restructuring.

Strategic Equity Partner (SEP)

Daybreak SEP Teaser

This document is a teaser from Park Village Auctions for a potential Strategic Equity Partner to invest in or acquire the business and assets of Daybreak Foods, which is currently in business rescue.

Proceedings and Appointments

Daybreak Foods Notice of Business Rescue Proceedings and Appointment of Business Rescue Practitioner

This document formally notifies affected parties of Daybreak Foods (Pty) Ltd’s voluntary commencement of business rescue proceedings in terms of Section 129 of the Companies Act, and confirms the appointment of Mr. Tebogo Maoto as the Business Rescue Practitioner.

First Meeting of Creditors Presentation

This document is a presentation given by the Business Rescue Practitioner for Daybreak Foods at the first meeting of creditors on June 23, 2025, detailing the background, actions to date, and the phased plan for rescuing the company.

First Meeting of Employees Presentation

This document is a presentation given by the Business Rescue Practitioner for Daybreak Foods at the first meeting of employees on June 24, 2025, detailing the background, recent actions, and the phased plan for rescuing the company.

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