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.
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. Severn Valley Railway Company Limited has the largest shareholding, comprising 22.2% as of November 2016[update].[1]
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.
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]
SVRSevern Valley Railway(H) 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.
See also
The SVR Organisation
List of rolling stock owned by SVR(H)
References
- ↑ 1.0 1.1 Bridgnorth Station 'Building for the Future' Share Issue document, 1 November 2016 (Retrieved 28 February 2017)
- ↑ 2012 Share Offer prospectus
Links
Severn Valley Railway (Holdings) PLC (company 01046274) on Companies House
