I bought this from a stall in a market back in the day which sourced a lot of its stock from the surplusses of the local radio station (Hallam). It's possible that Peter P personalised this copy for a DJ - likeliest candidate is Keith Skues.
There were loads of copies at Small Wonder in Walthamstow in 1981. What was unusual is a hole was made through sleeve and label. I have not seen this american method of deletion or cut out applied to a UK record.