Placings of securities by a listed issuer will be allowed only in the following circumstances:—

(1) where the placing falls within any general mandate given to the directors of the listed issuer by the shareholders in accordance with rule 13.36(2); or
(2) where the placing is specifically authorised by the shareholders of the listed issuer in general meeting ("specific mandate placing").

Note: See rule 7.27B for the additional requirements relating to rights issues, open offers and specific mandate placings.