Jurisdiction(s):
United Kingdom
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What does Style mean? In legal practice, a style is a precedent or template for a document, used as a model when drafting similar documents (for example, contracts, deeds, pleadings, affidavits, company resolutions and wills). The term is descriptive rather than statutory; it is widely used in Scotland and understood across England and Wales, Northern Ireland and Ireland, where ‘precedent’ is more common. A style typically provides boilerplate wording, standard clauses and optional alternatives (often shown in square brackets), sometimes with drafting notes. Styles appear in firm house-style collections and published style books or formbooks. Practitioners must adapt any style to the client’s facts, transaction, forum...

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Provisional Allotment Letter (PAL) Precedent for UK Rights Issues: Shareholder Instructions on Acceptance, Payment, Renunciation, Splitting and CREST Deposits (with Forms X and Y)

Precedents
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Important—this provisional allotment letter (pal) is of value and is negotiable.

Your prompt attention is required. This invitation lapses at [ insert time ] on [ insert date ]. The full pal must be produced at the time of payment. Should you be uncertain about any part of this pal, or unsure what steps to take, you should seek your own financial advice without delay from your stockbroker, bank manager, solicitor, accountant, or another suitably qualified Independent Financial Adviser duly authorised under the Financial Services and Markets Act 2000 (fsma), or, if you are located outside the United Kingdom, from an appropriate qualified independent financial adviser duly authorised within your jurisdiction. If you dispose of, transfer, or have already disposed of or otherwise transferred all of your Ordinary Shares (other than ex-rights) held in certificated form before [ Insert time ] on [ Insert date ], please send this pal together with form x (form of renunciation) on page [ Insert page number ], completed immediately, to the buyer or transferee, or to the stockbroker, bank, or agent by or through whom the sale or transfer was carried out, for delivery to the buyer or transferee as appropriate therein...

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Web page updated on 22/05/2026

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