(1) The provisions of this section shall, in relation to a PLC, have effect in place of subsections (8) to (10) of section 66.
(2) In this section -
"bearer instrument" means an instrument, in relation to shares of a PLC, which entitles or purports to entitle the bearer thereof to transfer the shares that are specified in the instrument by delivery of the instrument, and includes a share warrant as that expression was defined by section 88 of the Act of 1963;
"expiry date", in relation to a permissible letter of allotment, means a date no later than 30 days after the date of the instrument;
"permissible letter of allotment" means a letter of allotment by a PLC to a member of it of -
(a) bonus shares of the PLC, credited as fully paid;
(b) shares of the PLC, in lieu of a dividend, credited as fully paid; or
(c) shares of the PLC allotted provisionally, on which no amount has been paid or which are shares partly paid up, where the shares are allotted in connection with a rights issue or
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