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:
“In the Corner Store, near the village center, hangs a large sign reading: ‘After 40 years of credit business, we have closed our book of Sorrow.’”
—For the State of Maine, U.S. public relief program (1935-1943)
“Our liberty depends on the freedom of the press, and that cannot be limited without being lost.”
—Thomas Jefferson (1743–1826)
“In the old days, one married a wife; now one forms a company with a female partner, or moves in to live with a friend. And then one seduces the partner, or defiles the friend.”
—J. August Strindberg (1849–1912)