Public Limited Companies / Capital Markets

What is a Public Limited Company?

Public limited companies are limited companies with issued share capital with a nominal value of at least £50,000. Shares in PLCs can be admitted to trading on stock markets and traded by the general public or may be privately held. PLCs are subject to increased regulation when compared to private limited companies.

We regularly act for a number of long-standing PLC clients in relation to all of their legal requirements.

What is the Alternative Investment Market (AIM)?

Originally known as the Alternative Investment Market, AIM is a stock market for smaller, young and fast-growing companies (both UK and international companies).

AIM enables such companies to have market access at an earlier stage of development than would be possible on the London Stock Exchange, which is the operator and regulator of AIM.

In 2004, we advised Wynnstay Group plc in connection with its admission to AIM from Ofex (now ISDX), and its placing of £1,500,000 of new shares. Wynnstay was a complex business which had a turnover in 2003 of £85,000,000 and at the time of the flotation had three trading divisions, four subsidiaries, three joint ventures and two other associated companies and a portfolio of 45 properties.

In 2007, we advised Baqus Group plc on its admission to AIM and placing of shares. In addition and immediately prior to the admission, we advised Baqus on the simultaneous merger of three quantity surveying practices, giving it a national reach.

What is PLUS / ISDX?

Our Corporate Solicitors also have experience advising companies in relation to their admission to trading on PLUS (which has now become ICAP Securities & Derivatives Exchange, also known as ISDX). It is a London based “next generation” stock exchange providing cash trading and listing, derivatives and technology services.

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