Introduction
The WyvernRail Share Issue was launched in 2002 with the intention of raising £750,000 to purchase and restore the line. The initial target, to raise £45,000 within 40 days to satisfy Companies House, was achieved in just 40 hours.
By December 2006, a third of a million pounds had been raised through the support of people wishing to subscribe and the level of support has been extremely humbling and very much appreciated.
As a result of this strong support, the Board of Directors initially extended the share issue further and, with the approval of our shareholders, the deadline has been extended significantly and prospective shareholders can continue to join the company throughout the coming years, subject to the usual legalities.
The Benefits of becoming a Shareholder
Receive free travel allowances on the railway – the more shares you hold, the more allowances you receive. You can also claim 30% of your purchase back under the Enterprise Investment Scheme.
You also receive shareholder news and you get a vote at the AGM, and you can watch and enjoy the railway continue to grow.
WyvernRail has received very strong support for the share issue with over 50% of subscribers living locally and many living in Wirksworth.