A Public Limited Company (PLC) is a type of business structure where the company's shares are traded publicly on the UK stock market. This means that a PLC can raise capital by selling shares to the general public. A PLC must have at least £50,000 in share capital and meet certain regulatory requirements to remain listed on the stock exchange. Shareholders own the PLC, and they elect a board of directors to manage the company on their behalf.
The main advantage of being a PLC is the ability to access a large amount of capital, which can help with expansion, but it also means greater scrutiny and regulatory checks.
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