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The Wensleydale Railway plc share offer
An opportunity to invest in the future of your railway
An offer of up to £2 million Ordinary Shares in Wensleydale Railway plc at £1 each (minimum purchase £200) is being made to fund the next stages in the railway’s growth.
To request a copy of the Wensleydale Railway share prospectus, simply e-mail your details to prospectus@wensleydalerailway.com - or download a copy of the prospectus from this website [link currently not available]. By requesting a prospectus you are not committing yourself to purchase shares.
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The aims of this Share Offer:
the five key investments for the railway’s future
- Upgrade the whole railway for more frequent, higher quality trains, visiting specials and more freight.
- Provision of covered workshop accommodation and extending life of key locomotives and units.
- Improving stations and other facilities to improve the visitor experience and increase income.
- Project development work for Northallerton Station/South Curve and extensions beyond Redmire.
- Improvements to the railway’s business systems and marketing to create and manage a growing railway.
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A summary of the risks and benefits is set out below. Share purchases should only be made on the basis of reading the whole prospectus. For those who do not wish to invest the minimum of £200, it is hoped to launch a sava-shares scheme which will allow monthly investments so it would be advisable to request a prospectus at this stage. Please indicate in your e-mail if you would like to receive information about the sava-shares scheme.
Benefits for investors in Wensleydale Railway plc – Financial
Investment in an unquoted company is speculative and can involve higher risk than investment in a quoted company. Shares in the Company are not listed or dealt in on any stock exchange and no application for admission of the Shares to listing has been made or is at this time intended. In common with many other schemes of this nature, it is unlikely that shareholders will see any financial return on their investment in the form of dividends for many years, if at all. Investors will receive benefits in the form of vouchers up to the value of 10% of the shares purchased for travel on the Company’s train services.
Investors may be eligible for important tax benefits because Her Majesty’s Revenue and Customs has approved the Company as being eligible for the Enterprise Investment Scheme. This means that investors who purchase shares to the value of £500 or more may be eligible for tax relief on the amount purchased. More information is in the Prospectus.
Benefits for investors – Social
Investors will become owners of a unique social enterprise which delivers many social and economic benefits. The Company is making a substantial financial contribution to the local economy. It is keeping open and expanding a railway line to a beautiful area that would otherwise have no passenger rail connection and possibly no freight connection either.
Shareholders control the Company through Annual General Meetings and appoint directors. Those investing in the Company not only own a social enterprise but also can exercise rights to receive information, decide who runs the Company on their behalf and ultimately decide to what extent the Company pays dividends.
Risks relating to the Company
Alongside the achievements of the Company and the exciting developments proposed in this Prospectus there are some clear risks. These risks are discussed in the Prospectus. The investments proposed will make the Company less vulnerable to these risks by upgrading the infrastructure, improving the products that the Company offers to customers, raising the number of income generating sites to six stations including Northallerton, where the Company operates the station kiosk, and improving working conditions for volunteers and staff.
Risks to investors
The Shares are unlikely to generate a financial return for investors for some years because the Board's current policy is to re-invest any surplus into the railway infrastructure to achieve the Company's aims. There is currently no market in the Company’s Shares so it is quite likely that those wishing to sell their Shares in future would have difficulty in doing so. You should only purchase shares on the basis of the information in the whole of the prospectus.
Issuer
Issued by Wensleydale Railway plc, Leeming Bar Station, Leases Road, Leeming Bar, Northallerton DL7 9AR.
Company registered number 4093919.
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