A Public Limited Company in Ireland 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. When setting up a PLC in Ireland, it must have a minimum of two directors and cannot dispense with the holding of an AGM. The nominal value of the company’s allotted share capital must not be less than €25,000, at least 25% of which must be fully paid up before the company commences business or exercises any borrowing powers, as detailed in Section 1010 of the Companies Act 2014. The name of the company must end in “Public Limited Company” or “Cuideachta Phoiblí Theoranta”.
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