CVR Share Issue

CVR Nav Bar

Please help to ensure the railway's future by subscribing to this important share issue.
In return you will receive travel concessions and other shareholder benefits
including Tax Allowances for investors in certain circumstances...

in the Staffordshire Moorlands

SHARE ISSUE
FOR
FROGHALL EXTENSION
-
KINGSLEY & FROGHALL STATION
AND
LINE IMPROVEMENTS

PROCEDURE FOR APPLICATION
Issue of up to £350,000 Ordinary shares of £1 each at £1 per Share
The application form can be downloaded below.

To apply for shares in the Company please:

(i) complete all four sections in the application form. The minimum number of shares for which application can be made is 25 Ordinary Shares of £1 each;

(ii) send or deliver your completed application form and remittance to Churnet Valley Railway (1992) plc.
The Railway Station,
Station Road,
Cheddleton,
Nr. Leek,
Staffordshire Moorlands,
STI3 7EE,
so as to arrive as soon as possible.

Please note:

(A) a separate remittance should accompany each application form;

(B) cheques and postal orders should be made out to
"Churnet Valley Railway (1992) plc"; credit or debit cards cannot be accepted for share applications

(C) shares cannot be registered in the names of persons under 18 years old but may be held in the name of a parent or person until the age of 18 years is reached;

(D) shares may be registered in up to three joint names. All correspondence will be addressed to the first-named;

(E) the Directors reserve the right to reject any application in whole or in part at their discretion;

(F) applications will not be acknowledged and no receipts for amounts paid on application will be issued;

(G) share certificates will be dispatched to holders within two months of issue;

(H) there is no established market in the shares.

THE COMPANY'S TRADING AND DIVIDEND POLICY

The Company has traded since 1st January 1996 and trading results are available on request.

Since the year end the Company has traded satisfactorily, managing its limited resources as the Directors consider fit. It is not anticipated that the Company will distribute any profits at any time in the foreseeable future. The nature of the Company's operations is speculative and depends entirely upon the ability of the Company during the next few years to develop the Railway and to successfully extend the current passenger operation.

The Directors believe that shareholders' main desire will be to see the Railway develop. The Company will offer shareholders preferential terms as to travel on the Company's Railway and as to entry upon parts of its property to which the public is admitted on payment or otherwise. Details are set out below.

SHAREHOLDER BENEFITS

Apart from the additional benefits available under the third section below, existing shareholders should please note that previous benefits held are not cumulative and cannot be added to benefits available in this issue. Individuals to whom shares are issued pursuant to this prospectus will be entitled to one of the following benefits, subject to the following conditions.

Apart from shareholders as at the date of this prospectus who are entitled to either a Bronze or Silver or Gold lifetime pass, all other shareholder benefits of free return tickets arising out of previous share issues will, so far as still applicable and remaining unused, expire by the end of 2000.

Benefits for shares issued in respect of applications received by the Company on or after 1st January 2001

MINIMUM AMOUNT OF SHARES ISSUED	BENEFITS
£50	1 free return ticket each year
£100	2 free return tickets each year
£250	5 free return tickets each year
£500	A 'Bronze' lifetime pass entitling the holder to free lifetime travel
£1000	A 'Silver' lifetime pass entitling the holder and one guest to free lifetime travel
£2500	A 'Gold' lifetime pass enabling the holder and three guests to free lifetime travel
£5000	A 'Platinum' lifetime pass enabling the holder and three guests to free lifetime travel. This pass will include all special events and one complimentary wine & dine train ticket for two people issued each year.

Additional benefit for existing shareholders
The first issue of shares under this prospectus to any individual who is an existing shareholder in the Company as at the date of this prospectus will entitle such individual to the following benefit, by reference to the shares so registered as at the date of this Prospectus, in addition to one of the benefits mentioned above, namely:

MINIMUM AMOUNT OF SHARES ISSUED	BENEFITS
£100	1 only issue of 2 free return tickets
£500	1 only issue of 2 free first class return tickets
£1000	1 only issue of 4 free first class return tickets

Conditions

free return tickets available each year (other than for Bronze, Silver or Gold benefits) will be for an initial period of 3 years from 12th October 2000 and thereafter only if extended by the Directors
all benefits are subject to availability of services
all benefits are subject to the Company's general conditions for access and use prevailing from time to time
the benefits can only be available where the holders are individuals (and not for example companies) and in the case of joint holdings are
available to the first named only
the benefits are not transferable except with the prior written consent of the Company.
the benefits apply only in respect of snares issued pursuant to this Prospectus, (other than the additional benefit mentioned above)
benefits are available for normal service trains only (not special events) with the exception of the Platinum pass.
any existing shareholder already entitled to a Bronze or Silver or Gold lifetime pass to whom shares are issued pursuant to this prospectus qualifying for a Bronze or Silver or Gold or Platinum lifetime pass under the above benefits shall be entitled either to such existing benefits or, if more favourable, to the benefits pursuant to this Prospectus (together with any Additional benefit as mentioned above where applicable)
benefits are not cumulative and a shareholder is entitled to only one (the most favourable) at any one time; and any uncertainties or unfairness as to which benefit a shareholder is entitled to shall be determined by the Directors whose decision shall be final and binding.

This page is an extract from the prospectus, a full copy of the prospectus is available on request

Please click on the icon to download an application form

Page last updated April 2009

Home