Hospitality and leisure Deal advisory

Share Offer for Severn Valley Railway (Holdings)

26 November 2016

Share Offer to raise £2.5 million

Devonshire Corporate Finance Limited, the FCA-regulated arm of Moore Kingston Smith Corporate Finance, has advised the board of Severn Valley Railway (Holdings) plc on the launch of its latest share offer, which is aiming to raise £2.5 million from new and existing shareholders.

Severn Valley Railway is celebrating over 50 years as a tourist attraction and runs regular, mainly steam-hauled, passenger trains between Kidderminster in Worcestershire and Bridgnorth in Shropshire. Much of Bridgnorth’s infrastructure and facilities date back to 1862, and are in need of conservation and considered enhancement to cope with the heritage railway’s ever-increasing number of visitors. This latest share offer will enable a substantial portion of the railway’s Bridgnorth redevelopment plans to be completed, and will supplement funds that the railway is raising through charitable giving and grants.