Trustworthy, administrator
6,759
edits
Changes
Added shareholder detail
'''Severn Valley Railway (Holdings) PLC''' is a Public Company with a Share Capital. The company was floated in March 1972 as Severn Valley Railway (Holdings) Ltd., and became a Public Limited Company (PLC) in 1980. It owns the SVR's infrastructure such as lines and stations. It also owns three [[Steam Locomotives | steam locomotives]], four operational [[Diesel Locomotives | diesel locomotives]] and a number of [[Carriages | carriages]], and enters into running agreements with operators of other locomotives and rolling stock to be based on the line. It operates the trains, is responsible for safety, and provides contract engineering services. It also operates the line's shops, pubs and refreshment rooms at [[Bridgnorth]], [[The Engine House]], [[Bewdley]] and [[Kidderminster]].
The company is commonly referred to within the SVR as "the Holding Company" or "Holdings", and in writing is often abbreviated to '''SVR(H)'''. A Severn Valley Railway shareholder owns a share of this company and is entitled to attend the Annual General Meeting. [[Severn Valley Railway Company Limited]] has the largest shareholding, comprising 22.2% {{As of|2016|11|lc="y"}}.<ref name="2016doc">[http://www.svr.co.uk/pdf/SVR%20Share%20Offer%20Document%202016.pdf Bridgnorth Station 'Building for the Future' Share Issue document, 1 November 2016] (Retrieved 28 February 2017)</ref>
The Company is an unlisted company, and its shares are not currently quoted on any trading platform, nor are there any matched bargain facility arrangements. There is currently no secondary market in the shares and shareholders may only sell their shares by way of private bargain if they can themselves find a buyer.<ref name="2016doc"/> It is difficult to obtain reliable information about the secondary value of shares. The 2012 Share Offer document commented that the average price of transactions in the previous year was 45 pence per 100 pence share.<ref>2012 Share Offer prospectus</ref>
==Notable shareholdings==
[[Severn Valley Railway Company Limited]] has the largest shareholding, comprising 22.2% {{As of|2016|11|lc="y"}}.<ref name="2016doc">[http://www.svr.co.uk/pdf/SVR%20Share%20Offer%20Document%202016.pdf Bridgnorth Station 'Building for the Future' Share Issue document, 1 November 2016] (Retrieved 28 February 2017)</ref>
In the 2012 Share Offer existing shareholders with small numbers of shares who did not want to increase their shareholding were invited to donate their shares to the [[Severn Valley Railway Charitable Trust Ltd]], which holds 24,435 shares {{As of|2016|06|lc="y"}}.
Other bodies connected with the SVR also maintain shareholdings, for example the [[Stanier 8F Locomotive Society]] hold 23,810 shares {{As of|2016|06|lc="y"}}. At that date the largest private individual's single holding was 390,024 shares.<ref>[https://beta.companieshouse.gov.uk/company/01046274/filing-histor0y/MzE1NDA5NTI0NmFkaXF6a2N4/document?format=pdf&download=0 Full list of shareholders at 24 June 2016]</ref>
==Shareholder benefits==
*Note 2. The Directors will review the above entitlements periodically and may from time to time adjust them. However, the Directors confirm that no changes will take place in the next three years.
*Note 3. Shareholders of 3,000 or above shares will be entitled to free car parking in SVR car parks.
*Note 4. For Shareholders who wish to consider disposing of their shares, these can be donated to the [[Severn Valley Railway Company LtdLimited]]
As a condition of Heritage Lottery Funding the Company's Articles were amended in December 1997 so that no dividend shall be paid and, in the event of winding up, no surplus shall be distributed to shareholders.