Hi all

i am now studying the outline of Catalist , alternative market in Singapore.
Of which, the term of General mandate cannot make me understand.

i pick up the sentence as follows

General mandate
(1) Subject to Rule 803, approval by an issuer's shareholders under Rule 805(1) is not
required if shareholders had, by resolution in a general meeting, given a general
mandate to the directors of the issuer, either unconditionally or on such conditions
to issue:

i would appreciate it if anyone of you show me the meaning.

Travels

The General Mandate is basically the task that someone was given, or in a reverse sense, the order that a client gave an investment banker after that investment banking firm made a great pitch.

Example: Investment banker pitches idea to private company to go public, issue shares. Client agrees and 'gives' the mandate to the Investment Banker to go for it (do the research, market study, decide how many shares to issue, when to issue, etc).

The mandate can be basically an agreement or contract that says, we will do this for you, and this is what you will pay.

In reference to what was quoted in the text you supplied, it basically means that this one point "approval by an issuer's shareholders under Rule 805(1) " might not be applicable because something in the original General Mandate said it was not applicable.