Shareholder benefits news updates
The SVR is indebted to its shareholders, members and donors and is extremely grateful for their support. Please remember both the difficult financial situation, and that SVRH is a not-for-profit company with any profit generated ploughed back into the Railway.
We reported in October’s Branch Lines newsletter that at the SVR (Holdings) Plc (SVRH) annual general meeting the then chairman Nick Paul had put 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. As promised, incoming SVRH chairman Mike Ball has written to all shareholders.
These are allocated annually as per the following table, and are based on the number of shares held at 31st December each year. For example, a shareholding of 265 shares at 31st December 2021 would entitle the Shareholder to redeem their travel discount code against two Freedom of the Line tickets purchased within the next 12 month period (2022).
IMPORTANT – in order for you to receive the confirmation of the benefits you are to be given each year, we must be in receipt of the email address you wish us to use. Please follow the link on the home page entitled ‘SVR Shareholder Registration’ and enter your details. If you do not have an email address, then please write to Visitor Services at our Kidderminster Head Office and we will be in contact with you to discuss how you can access your benefits.
A shareholding of 1,600 shares or more will receive a travel pass photo card, which will be sent within two months of the issue of shares. This card should be used as photo ID and will be required on the date of travel.
Note 1. Free travel discount codes, Silver, Gold and Platinum passes are valid for train services on normal operating days, all Galas in the annual SVR timetable, and the Step Back to the 1940s events. They are not transferrable, ie the Shareholder must travel. Please note they are not valid for special events such as Ghost Trains, Scream Trains, Santa Trains, Carol Trains, Enchanted Express and Steam In Lights.
Note 2. The Directors will review the above entitlements on an annual basis and adjustments may be made in the future.
Note 3. For Shareholders who wish to consider disposing of their shares, these can be donated to the Severn Valley Railway Company Ltd.
Queries and Benefits
If you have a query about your benefits or the issue of a pass, please email us at firstname.lastname@example.org and we will respond and resolve any problems as quickly as we can.