Difference between revisions of "Severn Valley Railway (Holdings) PLC"

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'''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]].
 
'''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>
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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.  
  
 
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>  
 
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>  
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==Notable shareholdings==
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[[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>
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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"}}.
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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==
 
==Shareholder benefits==
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*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 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 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 Ltd
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*Note 4. For Shareholders who wish to consider disposing of their shares, these can be donated to the [[Severn Valley Railway Company Limited]]
  
 
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.
 
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.

Revision as of 23:12, 28 February 2017

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 SVRSevern Valley Railway's infrastructure such as lines and stations. It also owns three steam locomotives, four operational diesel locomotives and a number of 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 SVRSevern Valley Railway as "the Holding Company" or "Holdings", and in writing is often abbreviated to SVRSevern Valley Railway(H). A Severn Valley Railway shareholder owns a share of this company and is entitled to attend the Annual General Meeting.

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.[1] 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.[2]

Notable shareholdings

Severn Valley Railway Company Limited has the largest shareholding, comprising 22.2% as of November 2016.[1]

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 June 2016.

Other bodies connected with the SVRSevern Valley Railway also maintain shareholdings, for example the Stanier 8F Locomotive Society hold 23,810 shares as of June 2016. At that date the largest private individual's single holding was 390,024 shares.[3]

Shareholder benefits

Shareholders are entitled to the following benefits as set out in the November 2016 Bridgnorth Station 'Building for the Future' Share Issue document:

Shareholding Annual Benefits currently in operation
100 – 224 A voucher for 1 Third Class “Freedom of the Line” ticket
225 – 399 Vouchers for 2 Third Class “Freedom of the Line” tickets
400 – 799 Vouchers for 4 Third Class “Freedom of the Line” tickets
800 – 1,199 Vouchers for 4 First Class “Freedom of the Line” tickets
1,200 – 1,799 A non-transferable Silver Pass giving unlimited Third Class travel on the SVRSevern Valley Railway for the holder and up to three guests
1,800 – 2,999 A non-transferable Silver Pass giving unlimited First Class travel (when available) on the SVRSevern Valley Railway for the holder and up to three guests
3,000 – 5,999 A non-transferable Gold type Medallion and Pass giving unlimited First Class travel (when available) on the SVRSevern Valley Railway for the holder and up to three guests, throughout the period of the shareholding
6,000 – 9,999 A non-transferable Gold type Medallion and Pass giving unlimited First Class travel (when available) on the SVRSevern Valley Railway for the holder and up to three guests, throughout the period of the shareholding, plus 4 Sunday Luncheon Vouchers per annum
10,000 – 14,999 A non-transferable Gold type Medallion and Pass giving unlimited First Class travel (when available) on the SVRSevern Valley Railway for the holder and up to three guests, throughout the period of the shareholding, 4 Sunday Luncheon Vouchers per annum, plus 10% off Charter Train Hire and Footplate Experience Days
15,000 – 29,999 A non-transferable Platinum type Medallion and Pass giving unlimited First Class travel (when available) on the SVRSevern Valley Railway for the holder and up to three guests throughout the period of the shareholding, 10% off Charter Train Hire and Footplate Experience Days, plus either a midweek exclusive observation saloon charter attached to a service train (for up to 23 people) or 4 Sunday Luncheon Vouchers per annum
30,000 plus A non-transferable Platinum type Medallion and Pass giving unlimited First Class travel (when available) on the SVRSevern Valley Railway for the holder and up to three guests throughout the period of the shareholding, 10% off Charter Train Hire and Footplate Experience Days, plus either a midweek exclusive observation saloon charter attached to a service train (for up to 23 people) or 4 Sunday Luncheon Vouchers per annum. Name added to the Roll of Honour board at Bridgnorth Station.
  • Note 1. Free travel vouchers, Silver, Gold and Platinum medallions & passes are valid for all timetabled trains and for special events denoted as eligible in the annual SVRSevern Valley Railway timetable.
  • 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 SVRSevern Valley Railway car parks.
  • Note 4. For Shareholders who wish to consider disposing of their shares, these can be donated to the Severn Valley Railway Company Limited

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.

See also

The SVR Organisation
List of rolling stock owned by SVR(H)

References

  1. 1.0 1.1 Bridgnorth Station 'Building for the Future' Share Issue document, 1 November 2016 (Retrieved 28 February 2017)
  2. 2012 Share Offer prospectus
  3. Full list of shareholders at 24 June 2016

Links

Bridgnorth Station share offer
Severn Valley Railway (Holdings) PLC (company 01046274) on Companies House