public limited company

Collins dictionary of law. . 2001.


public limited company
public limited company (PLC)
A company which has shares that can be purchased by the public and which has an authorised share capital of at least £50,000, with each of the company's shares being paid up at least as to one-quarter of the nominal value of the share and the whole of any premium on it. Not all PLCs are listed companies.
For further information, see the Companies House website.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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