Changes

'''Severn Valley Railway (Holdings) PLC''' is a Public Company with a Share Capital, company number 01046274. The company Company was floated in March 1972 as incorporated under its original name of Severn Valley Railway (Holdings) LtdLimited on 15 March 1972., and became It was re-registered as a Public Limited Company (PLC) in 1980on 15 March 1982. It owns <ref>Companies House</ref> The Company is commonly referred to within the SVR's infrastructure such as lines "the Holding Company" or "Holdings", and stationsin writing is often abbreviated to '''SVR(H)'''. It also A Severn Valley Railway shareholder owns three [[Steam Locomotives | steam locomotives]], four operational [[Diesel Locomotives | diesel locomotives]] and a number share of [[Carriages | carriages]], this Company and enters into running agreements with operators of other locomotives and rolling stock is entitled to be based on attend the line. It operates the trains, is responsible for safety, and provides contract engineering servicesAnnual General Meeting. It also operates the line's shopsIssued share capital exceeds £10, pubs and refreshment rooms at [[Bridgnorth]]400, [[The Engine House]], [[Bewdley]] and [[Kidderminster]]000.

The company is commonly referred to within the SVR as "the Holding Company" or "Holdings", and in writing is often abbreviated to '''SVR(H)owns the SVR'''s infrastructure such as lines and stations. A Severn Valley Railway shareholder It also owns three [[Steam Locomotives | steam locomotives]], four operational [[Diesel Locomotives | diesel locomotives]] and a share number of [[Carriages | carriages]], and enters into running agreements with operators of this company other locomotives and rolling stock to be based on the line. It employs the SVR's paid staff, operates the trains, is entitled to attend responsible for safety, and provides contract engineering services. It also operates the Annual General Meetingline's shops, pubs and refreshment rooms at [[Bridgnorth]], [[The Engine House]], [[Bewdley]] and [[Kidderminster]].

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">[http://www.svr.co.uk/pdf/SVR%20Share%20Offer%20Document%202016.pdf 2016 Share Offer Document]</ref> 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>  Shareholders can also donate their shares to the [[Severn Valley Railway Company Limited]], [[Severn Valley Railway Charitable Trust Ltd]], one of the [[List of preservation groups|SVR preservation groups]] or to other bodies associated with the railway. Donations to [[Charities associated with the SVR]] may attract tax relief. ==Share offers==The SVR Board retains the authority to allot shares when approached from time to time by people interested in subscribing for shares.<ref>[http://www.svr.co.uk/ShareOffer1.aspx SVR Website]</ref> Since 2007 such ad hoc allotments have averaged approximately £145,000 per year.<ref>Share capital per Companies House at December 2007 and November 2017 net of two public share offers</ref> In addition, SVR(H) periodically makes public share offers for particular projects:{| class="wikitable"| <b> Year first offered</b> || style="text-align:right;" | <b>Amount of offer </b>|| style="text-align:right;" | <b>Amount raised </b>|||-| [[Severn Valley Railway Timeline 1970-1979#1972|1972]]|| style="text-align:right;" | £150,000|| style="text-align:right;" | £150,000||Original share offer, fully subscribed at £110,000 with the remainder being issued to [[Severn Valley Railway Company Limited]]|-| 1983 || style="text-align:right;" | £300,000|| style="text-align:right;" | £370,000||Building of [[Kidderminster|Kidderminster Town station]]|-| 1988 || style="text-align:right;" | £500,000|| style="text-align:right;" | £500,000||Construction of [[Bridgnorth_Loco_Works#Boiler_shop|Bridgnorth boilershop]]|-| 1994 || style="text-align:right;" | £750,000 || style="text-align:right;" | £515,000||Freehold of [[Kidderminster]] (£450k) plus working capital.<ref>Target, SVR News 110. £515k raised in 17 months, SVR News 116</ref>|-| 2012 || style="text-align:right;" | £4,000,000|| style="text-align:right;" | £2,001,391||Overhaul of [[GWR 4930 Hagley Hall]], [[Bridgnorth#Bridgnorth_Development_Project|Bridgnorth Development Project]] et al. Costs were £89,950.|-| 2016 || style="text-align:right;" | £2,500,000|| style="text-align:right;" | £2,548,595|| [[Bridgnorth#Bridgnorth_Development_Project|Bridgnorth Development Project]]. Costs were £121,247.|-|} As the [[2020 coronavirus disease (COVID-19) pandemic]] unfolded the SVR launched its 'Fight Back Fund' appeal for both donations and shares. {{As of|2020|12|04}} a further 395,947 shares have been issued during 2020.

[[Severn Valley Railway Company Limited]] has Some bodies connected with the largest shareholdingSVR maintain shareholdings, comprising 22.2% {{As taken from the full list of|shareholders at 24 June 2016|11|lc="y"}}at Companies House as below, with updates as shown.<ref name="2016doc">[http://www.svr.co.uk/pdf/SVR%20Share%20Offer%20Document%202016For subsequent years these are not available online, only on CD-ROM by application.pdf Bridgnorth Station 'Building for the Future' Share Issue document, 1 November 2016] (Retrieved 28 February 2017)</ref>

{| class="wikitable sortable"! Bodies currently associated with the SVR!! Shareholding at June 2016<ref>[https://beta.companieshouse.gov.uk/company/01046274/filing-history Full list of shareholders at 24 June 2016]</ref> !! Notes|-|[[The 2857 Society]] ||714|||-|[[The 75069 Fund]] ||1,501||-|[[Arley Station Fund]] ||100|||-| [[Class 50 Alliance Limited]]||9,560|||-|[[Coalyard Miniature Railway Model Engineering Society]] || || Thanks to their passengers, the miniature railway have been able to donate funds to the SVR Share Offer for Bridgnorth Station.<ref>[https://www.svr.co.uk/NewsItem.aspx?a=572 Coalyard Miniature Railway news item, SVR website] (Retrieved 8 November 2020)</ref>|-|[[ Diesel Traction Group |DTG Trading Limited]] ||15,000|||-| [[Great Western (SVR) Assoc.]] ||1,026|||-|[[Hampton Loade Station Fund]] ||85|||-|[[Highley#Highley_Station_Fund|Highley Station Fund]] ||600|||-|[[Severn Valley Railway Company Limited]] ||1,690,557||See Notes 1 and 2. [[Severn Valley Railway Company Limited]] has the largest shareholding, in 2020 it was 17.8% of issued capital (1,807,679 shares).<ref>SVR(H) Financial Statements for the year ended 5 January 2020</ref>|-| [[Stanier 8F Locomotive Society]] ||23,810|||-| [[Stanier Mogul Fund]]||4,286||See Note 1|-|SVRA South East Branch ||15,000|| See Note 3. Branch closed|-|SVRA Stourbridge Branch ||500|| See Note 3|-|SVRA Cheshire branch ||1,705 ||See Notes 1 and 3|-|[[SVR Apprentices|SVR Junior Club]] ||100|||-| [[Severn Valley Railway Charitable Trust Ltd]] ||24,535|| See Note 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 Trust. Figure still correct at 30 June 2019.|-|[[Severn Valley Railway Charitable Trust LtdSVR Wolverhampton Branch|SVRA Wolverhampton Branch]]||4, which holds 24640|| See Note 3|-|[[Western Locomotive Association]] ||1,435 shares {{As of000||2016Added 2020.|06-|lc="y"}}*Note 1. Two shareholdings are listed. The figure shown is the aggregated figure.*Note 2. The [[Severn Valley Railway Association]] merged with [[Severn Valley Railway Company Limited]] from 4 October 2015. *Note 3. The former SVRA Branches are now branches of [[Severn Valley Railway Company Limited]].

Other bodies connected with the SVR The list of shareholders at 24 June 2016 also maintain shareholdings, for example included the following entries:*[[Stanier 8F Locomotive SocietyDavid Owen#Rubery_Owen|Rubery Owen Holdings Limited]] hold 23150,810 000 shares {{As , arising from an agreement in 1973 which included the rebuilding ofthe [[Bridgnorth Footbridge Trust|2016|06|lc="y"}}Hollybush Road Footbridge]]. At SVR News reported at the time that date the voting rights of those shares were vested in [[Severn Valley Railway Company Limited]].<ref>SVR News 30</ref> *The largest private individual's single holding was 390,024 sharesand there are no persons with significant control for this company.<ref>[https://beta.companieshouse.gov.uk/company/01046274/filing-history Full list of shareholders at 24 June 2016]</ref>

Shareholders Benefits are renewed annually and amended from time to time. {{As of|2021}} 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 operationto 2020 !! Annual Benefits in operation 2021

|100 – 224 ||A voucher for 1 Third Class “Freedom of the Line” ticket|| Table of two, one use

|225 – 399|| Vouchers for 2 Third Class “Freedom of the Line” tickets|| Table of two, two uses

|400 – 799 ||Vouchers for 4 Third Class “Freedom of the Line” tickets|| Table of two or compartment of four, four uses

|800 – 1,199 ||Vouchers for 4 First Class “Freedom of the Line” tickets|| Table of two or compartment of four, eight uses

|1,200 – 1,799 ||A non-transferable Silver Pass giving unlimited Third Class travel on the SVR for the holder and up to three guests|| Table of two or compartment of four, unlimited uses

|1,800 – 2,999 ||A non-transferable Silver Pass giving unlimited First Class travel (when available) on the SVR for the holder and up to three guests|| As above

|3,000 – 5,999 ||A non-transferable Gold type Medallion and Pass giving unlimited First Class travel (when available) on the SVR for the holder and up to three guests, throughout the period of the shareholding|| As above

|6,000 – 9,999 ||A non-transferable Gold type Medallion and Pass giving unlimited First Class travel (when available) on the SVR for the holder and up to three guests, throughout the period of the shareholding, plus 4 Sunday Luncheon Vouchers per annum|| As above

|10,000 – 14,999 ||A non-transferable Gold type Medallion and Pass giving unlimited First Class travel (when available) on the SVR 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|| As above

|15,000 – 29,999 ||A non-transferable Platinum type Medallion and Pass giving unlimited First Class travel (when available) on the SVR 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|| As above

|30,000 plus ||A non-transferable Platinum type Medallion and Pass giving unlimited First Class travel (when available) on the SVR 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.|| As above

*Note 2. The Directors will review the above entitlements periodically and may from time to time adjust them. However, The Directors confirmed at the time of the issue of the Directors confirm document on 1 November 2016 that no changes will would take place in within the next three years. In April 2021, following the [[2020 coronavirus disease (COVID-19) pandemic| COVID-19 pandemic]], new benefits were introduced in conjunction with the online booking system, compartments and excursion trains and continuing restrictions.*Note 3. Shareholders of 3,000 or above shares will be are entitled to free car parking in SVR car parksand receive an annual windscreen parking pass. Where car parks have exit barriers, shareholders may obtain a free exit token on production of a parking-eligible travel pass at Kidderminster and Bridgnorth ticket offices, shops or at [[The Railwayman's Arms]].*Note 4In October 2019 a new Shareholder Travel Pass came into use for the 1,800 eligible passholders, a photo-bearing credit card-sized pass to replace during 2020 the previous version and medallion that were open to abuse.<ref>[https://www.svrlive. For Shareholders who wish com/blnov19 SVR Live, Branch Lines November 2019] (Retrieved 9 November 2019)</ref><ref>SVR(H) letter to passholders November 2019</ref> It contains a bar code to consider disposing monitor usage levels. ==Legal Charges==Since at least 1975 the Company has given Legal Charges over its land and fixed and floating assets. [https://beta.companieshouse.gov.uk/company/01046274/charges Companies House] lists 17 charges registered, 14 of their shareswhich are outstanding, in favour of HSBC Bank plc, these can be donated to County Council of Hereford & Worcester (re. [[Bewdley]]) and The Trustees of the National Heritage Memorial Fund (HLF) (re. [[Severn Valley Railway Company LimitedThe Engine House]]).

As a condition of [[:Category:Lottery funding#National_Lottery_Heritage_Fund|Heritage Lottery Funding ]] 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.