Over the years, the Severn Valley Railway has lost contact with a large number of people who are shareholders in the railway, and is now endeavouring to get in touch with them again.
There are many reasons for losing touch, such as changing their address, changing their names, or even changing their bank and not updating their banking details.
Now the railway is launching a determined effort to find these lost supporters in an effort to rekindle their support.
The Severn Valley Railway would like anyone who thinks that they may have once been a shareholder to email its shareholder relationship manager, Karen Bromell, at [email protected] to register their interest. The email should include their name or the name of the shareholder, their previous name if it has changed, their current contact details, and if possible, their shareholder number or certificate number.
Further information can be found in the Severn Valley Railway’s shareholder handbook, which is available online at svr.co.uk.
Chris Walton, the chairman of Severn Valley Railway (Holdings) Plc., said “We think that the most likely explanation is people have moved,”
“If they’ve forgotten to update their address with us, it’s unfortunately impossible for us to contact them.
“A lot of shareholders purchased shares in support of the SVR many years ago, and may even have forgotten they have them! However, we’d love to hear from them so we can make sure they’re benefitting from any annual shareholder benefits to which they’re entitled.
“If anyone holds shares in the SVR, or thinks they or a relative may have a holding, and they’ve not received postal or emailed updates from us for some time, then we’re asking them to please let us know. We’ll then be able to update our records and put things right.”
Responses
As someone who many years ago worked as Registrar for a public company listed on the Stock Exchange, I know all to well this problem but we had the advantage that our shareholders had shares with a market value so there was a bit more incentive for people to keep their records up to date. When I saw heritage railways issuing shares I thought this is going to be a problem because to be a problem because to many people buying such shares to fund a special project is really akin to a donation in their minds as they never expect to get their money back.