A general mandate given under rule 17.41(2) shall only continue in force until:—

(1) the conclusion of the first annual general meeting of the issuer following the passing of the resolution at which time it shall lapse unless, by ordinary resolution passed at that meeting, the mandate is renewed, either unconditionally or subject to conditions; or
(2) revoked or varied by ordinary resolution of the shareholders in general meeting, whichever occurs first.