Provisional allotment letter
Provisional allotment letter

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Provisional allotment letter

Important-this provisional allotment letter (pal) is of value and is negotiable. It requires your immediate attention. The offer expires at [insert time] on [insert date]. The entire pal must be presented when payment is made.

If you are in any doubt about the contents of this pal, or as to what action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other appropriate qualified independent financial adviser duly authorised under the financial services and markets act 2000 (as amended) (fsma) or, if you are in a jurisdiction outside the united kingdom, from an appropriate qualified independent financial adviser duly authorised in your jurisdiction.

If you sell, transfer or have sold or otherwise transferred all of your ordinary shares (other than ex-rights) held in certificated form before [Insert time] on [Insert date], please forward this pal with form x (form of renunciation) on page [Insert page number] completed at once to the purchaser or transferee, or to the stockbroker, bank or agent by or through whom the sale or transfer was effected, for delivery to the purchaser or transferee. This pal should not, however, be forwarded or otherwise distributed in or into any jurisdiction if to do so would constitute a violation of the securities laws or regulations of such jurisdiction.

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