Re-registration of a public company as private and unlimited—explanation to shareholders

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Re-registration of a public company as private and unlimited—explanation to shareholders

Re-registration of a public company as private and unlimited—explanation to shareholders

Dear [insert name of shareholder]

Re-registration of [insert company name] PLC (the Company) as a private and unlimited company

The Company is proposing to re-register as a private and unlimited company. We, the directors of the Company, are writing to you to explain the reasons for the proposal to re-register and what this means for you as a shareholder of the Company.

Unlimited companies benefit from a more flexible regulatory regime than limited companies and are not subject to statutory restrictions affecting their ability to purchase their own shares or reduce their share capital. They are also not required to file accounts with Companies House and need only produce accounts for

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