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
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Famous quotes containing the words company, public and/or limited:
“We’re too unseparate. And going home
From company means coming to our senses.”
—Robert Frost (1874–1963)
“Deacon King was tried for violating the Sabbath, and so hot was the debate that it was referred to the church council, which ultimately decided, after long and grave debate, that the deacon had committed a ‘work of necessity and mercy.’”
—For the State of Massachusetts, U.S. public relief program (1935-1943)
“Professors of literature, who for the most part are genteel but mediocre men, can make but a poor defense of their profession, and the professors of science, who are frequently men of great intelligence but of limited interests and education, feel a politely disguised contempt for it; and thus the study of one of the most pervasive and powerful influences on human life is traduced and neglected.”
—Yvor Winters (1900–1968)