Private to public re-registration

A private limited company may be re-registered as a public company pursuant to the provisions of Part 7 of the Companies Act 2006 (CA 2006).

Full details of the preliminary considerations, the CA 2006 provisions on re-registration, the procedure, the conditions and effect of re-registration, see Practice Note: Re-registration of a private limited company as a public company.

Reasons for re-registration

The main reason why a private company may want to re-register as a public company is to be able to offer its shares to the public.

Once re-registered as a public company, the company may want to seek admission to trading on a stock exchange. It may want to do this for a number of reasons, including:

  1. to enable the company to raise finance for its development and growth (both organically and by acquisition)

  2. to place a market value on the company

  3. to increase the company's profile

  4. to create a market for the company's shares

  5. to incentivise employees, and

  6. to enhance the company's status with its customers and suppliers

Some

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Powered by Lexis+®
Latest Corporate News
View Corporate by content type :

Popular documents