Severn Valley Railway (Holdings) PLC

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, 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 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. 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.

Contents

Notable shareholdings

Some bodies connected with the SVR maintain shareholdings, as below.

Bodies currently associated with the SVR	Shareholding as of June 2016	Notes
The 2857 Society	714
The 75069 Fund	1,501
Arley Station Fund	100
Class 50 Alliance Limited	9,560
DTG Trading Limited	15,000
Great Western (SVR) Assoc.	1,026
Hampton Loade Station Fund	85
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, amounting to 22.2% of issued capital as at November 2016.
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 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.
SVRA Wolverhampton Branch	4,640	See Note 3

• 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.

As of June 2016 the largest private individual's single holding was 390,024 shares.

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 SVR 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 SVR 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 SVR 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 SVR 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 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
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
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.

• 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 SVR 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 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 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)

Links

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