Public Limited Company (PLC)

A Public Limited Company is used in circumstances where it intends to seek a listing on the Stock Exchange or where a major Business Expansion Scheme is being formulated; Unlike Private Limited Companies, there is no restriction on the number of shareholders. A PLC must have a minimum of two directors and cannot dispense with the holding of an AGM. It must have a minimum issued share capital of €25,000. The name of the PLC must end with the suffix ‘Public Limited Company’ or ‘PLC’.