Ltd V PLC on FTSE 250

[2 sMoKiN bArReLs]

Could I get any more abbreviations in a title?

In my ignorance I always thought that by definition a company trading within the FTSE 250 had to be a plc. Can anybody explain to me why this is not so?

Sorry for asking a dim question, I've Googled it with little success.

[basherX]

Do you have an example? I have the same understanding as you: all listed companies are plcs (but not all plcs are listed)

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basherX said:

Do you have an example? I have the same understanding as you: all listed companies are plcs (but not all plcs are listed)

Plus500 Ltd?

https://www.londonstockexchange.com/stock/PLUS/plu...

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SYNC

Syncona Ltd

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UKCM

[basherX]

Hmm, dunno then- maybe the plc requirement does not apply to foreign companies (Plus500 is in Israeal I think) or investment trusts?

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basherX said:

Hmm, dunno then- maybe the plc requirement does apply to foreign companies

I wondered about that.

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?

UK Commercial Property REIT Ltd

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basherX said:

or investment trusts?

This seems to be a theme (maybe) looking through them

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Petrofac Ltd

[basherX]

Registered in Jersey

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basherX said:

Registered in Jersey

Apax Global, registered Guernsey

[plasticpig]

Syncona Limited is a Guernsey registered company so presumably different rules apply. There is no registration for Syncona Limited at Companies house.

https://www.greg.gg/webCompSearchDetails.aspx?id=3...

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plasticpig said:

Syncona Limited is a Guernsey registered company so presumably different rules apply. There is no registration for Syncona Limited at Companies house.

https://www.greg.gg/webCompSearchDetails.aspx?id=3...

The offshore thing does seem to be the link

[NDA]

Could it be that not all of the equity is public? Some businesses have less than half of their stock traded.

I am guessing.

[basherX]

2 sMoKiN bArReLs said:

The offshore thing does seem to be the link

Which would make sense. Plcs are a UK Companies Act construct, although there are equivalents elsewhere (NV in the Netherlands is one)

[Dr Jekyll]

Could it be that they are public companies but in jurisdictions where this doesn't have to be included in the company name. A few decades ago all UK limited companies were call Ltd whether public or private.

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NDA said:

Could it be that not all of the equity is public? Some businesses have less than half of their stock traded.

I am guessing.

Could be. Having now looked at the companies concerned I'm leaning towards the overseas naming thing.

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Dr Jekyll said:

Could it be that they are public companies but in jurisdictions where this doesn't have to be included in the company name. A few decades ago all UK limited companies were call Ltd whether public or private.

Yep, that would go with the offshore/overseas thinking

[2 sMoKiN bArReLs]

The acronym PLC (public limited company) at the end of a company name signifies that the business offers shares to the public. It is used in Great Britain and some Commonwealth nations and is the equivalent of the U.S. "Inc.

So yes, if the company is "named" outside of the UK or commonwealth it won't contain the plc thing.

Good work PH