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IMPORTANT If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor,
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The general mandate to issue refers to a resolution passed by a company's shareholders that authorizes the board of directors to issue new shares up to a specified limit.
Companies listed on a stock exchange or those with publicly traded securities are typically required to file a general mandate to issue.
The process to fill out a general mandate to issue may vary depending on the jurisdiction and specific requirements. Generally, it involves drafting a resolution, obtaining board approval, and submitting the necessary documents to the relevant regulatory authorities.
The purpose of a general mandate to issue is to give the board of directors the authority to raise capital by issuing new shares without the need for a separate shareholder resolution each time.
The specific information that must be reported on a general mandate to issue can vary, but it typically includes details such as the maximum number of shares that can be issued, the purpose of the issuance, any restrictions or conditions, and the duration of the mandate.
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