Trustworthy, administrator
11,873
edits
Changes
→Shareholder benefits: update
==Shareholder benefits==
Benefits are renewed annually and amended from time to time. In August 2021 the Company announced that Shareholder benefits will would be changing in 2022and again in 2023.<ref>"Your Share", SVR Shareholders Newsletter for the year ending 3 January 2021</ref>The then chairman Nick Paul subsequently announced at the SVR(H) annual general meeting that there would be a moratorium on the decision to make changes to shareholder benefits until the board had the opportunity to reflect and review the decisions. Since then, the SVRH board has discussed further and agreed the proposed increases for 2022 should go ahead. However, in response to the concerns raised, it also agreed that no further changes will be considered until after a shareholders’ focus group has reported back to them. The levels proposed for implementation in 2023 will not be brought in<ref>[https://www.svrlive.com/shareholders SVR Live]</ref>.
===Benefits from 2022===
{| Class="wikitable"
! Shareholding at 31 December 2021 for benefits in 2022!! Shareholding at 31 December 2022 for benefits in 2023 (suspended) !! Annual benefits
|-
|125-264 ||150-299 ||1 x third class “freedom of the line” ticket
===Usage and booking===
*In 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.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 monitor usage levels.
*From 2021 all shareholder travel must now be booked online and to receive the Company must be in receipt of a shareholder's email address.
==Legal Charges==
