Offer shares in your company directly to the Public, list on the Stock Exchange or gain the prestige attached to PLC companies.

                                                                What is a PLC?

A PLC is a Public Limited Company and simply means it has the ability to offer its shares to the public. Private companies are prohibited from offering or marketing their shares for sale to the public. They may only sell shares privately and therefore limit the exposure of their share offer.

A PLC may openly market its shares for sale to the public and can provide the PLC with a large source of finance. A PLC may also undergo a listing process for the Stock Market to further its exposure and opportunity to raise finance. Potential shareholders are attracted to PLC’s as there is more opportunity to sell on the ownership of their shares in the future as the PLC grows. A PLC company often also attracts more prestige than a private company and for this reason many companies opt to reregister as a PLC rather than an Ltd.

Requirements

• Must state that it is a Public Limited Company in its Memorandum and its name must be suffixed with “PLC”.
• Must have a minimum authorised share capital of $50,000
• A Minimum of 25% of the shares allotted must be paid up prior to the commencing trade
• Must have at least two members and at least two company directors (maybe Corporate entities).
• A company secretary must be appointed who has the knowledge and ability to fulfil the necessary functions
• A PLC is required to deliver its accounts to the Registry within 6 months after the end of each accounting period.