# Financial Services and Markets Act 2000, Paragraph 14

Extent: E+W+S+N.I.

(1) The securities are shares and are offered free of charge to any or all of the holders of shares in the issuer.
(2) “Holders of shares” means the persons who at the close of business on a date—
(a) specified in the offer, and
(b) falling within the period of 60 days ending with the date on which the offer is first made,
were holders of such shares.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/schedule/11/paragraph/14 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-11/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.