BAT Kenya is the latest company to change its name to PLC. Others have been KCB and CFCStanbic, earlier this year.
This comes from the Companies Act which was enacted late in 2015 and which has a clause that read a company that is both a limited company and a public company may only be registered with a name that ends with the words “public limited company” or the abbreviation “plc”. The old limited (‘Ltd’) that most companies will now be reserved for company that are private companies.
So expect all NSE-listed companies to adopt the change from Ltd to Plc.