Explain ten examples of public limited company
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Answer:
Example of a Public Limited Company (PLC)
All companies listed on the London Stock Exchange (LSE) are, by definition, public limited companies (PLCs). For example, the oil company British Petroleum is formally called BP PLC. Clothing and accessory retailer Burberry is Burberry Group PLC. Automaker Rolls-Royce is Rolls-Royce Holdings PLC.
The 100 largest PLCs on the London Stock Exchange are grouped together in an index called the Financial Times Stock Exchange 100 (FTSE 100) or, colloquially, the "Footsie." The companies in this group are representative of the United Kingdom's economy as a whole. The FTSE is comparable to the Dow Jones Industrial Average (DJIA) in the United States.
Not all PLCs are listed on a stock exchange, therefore even if a company uses the PLC suffix in its name, it does not necessarily mean it is listed. Rather, it means that it meets the other requirements but has chosen not to be traded on a stock exchange or does not otherwise meet the requirements for being listed on an exchange.
All companies listed on the London Stock Exchange are PLCs.
Requirements for a Public Limited Company (PLC)
Originally, a PLC is formed like any other company. Two or more people are required to form it, and it is constituted by the filing of articles of association that describe its purpose, membership, and capital. A limited company grants limited liability to its shareholders and, to a lesser extent, its management.
Being a public company allows a business to sell shares to investors in order to raise capital. Only PLCs may be listed on the London Stock Exchange and have the suffix PLC on their ticker symbol. Several other requirements must be met to obtain and maintain the listing: the PLC must be registered as a public company, it must have at least £50,000 authorized share capital, and it must meet ongoing disclosure and filing requirements of the stock exchange.
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