A public limited company (legally abbreviated to PLC or plc) is a kind of public company (publicly held company) in the United Kingdom, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited (liability) company whose shares are freely sold and traded to the public, with a minimum share capital of £50,000 and the letters PLC after its name. Similar companies in the United States are called publicly traded companies.
A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with c.c.c. However, some public limited companies (mostly nationalised concerns) incorporated under special legislation are exempted from bearing any of the identifying suffixes.
Read more about Public Limited Company: Registration, Company Directors, Share Capital
Famous quotes containing the words public, limited and/or company:
“Called on one occasion to a homestead cabin whose occupant had been found frozen to death, Coroner Harvey opened the door, glanced in, and instantly pronounced his verdict, Deader n hell!”
—For the State of Nebraska, U.S. public relief program (1935-1943)
“There is, it seems to us,
At best, only a limited value
In the knowledge derived from experience....”
—T.S. (Thomas Stearns)
“The old idea that the joke was not good enough for the company has been superseded by the new aristocratic idea that the company was not worthy of the joke. They have introduced an almost insane individualism into that one form of intercourse which is specially and uproariously communal. They have made even levities into secrets. They have made laughter lonelier than tears.”
—Gilbert Keith Chesterton (18741936)