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:
“We can teach prevention. For little kids, the best protection is that they should not be alone in public places. All children should be conscious of strangers, and be discriminating and wary of them. This won’t make them grow up suspicious as long as they have adults around whom they know and can trust: relatives, friends of their parents, parents of friends.”
—“How Parents Can Talk to Their Kids,” Newsweek (January 10, 1994)
“The progress from an absolute to a limited monarchy, from a limited monarchy to a democracy, is a progress toward a true respect for the individual.”
—Henry David Thoreau (1817–1862)
“Life is very narrow. Bring any club or company of intelligent men together again after ten years, and if the presence of some penetrating and calming genius could dispose them to frankness, what a confession of insanities would come up!”
—Ralph Waldo Emerson (1803–1882)