RPSAG - Our mission

The Railtrack Private Shareholders Action Group (RPSAG) was formed at a meeting of private shareholders on Friday 19 October 2001, following the actions by the Secretary of State for Transport, Local Government and Regions which led to Railtrack plc being forced into administration on 7th October 2001. 

 

Our mission was to obtain a fair and just settlement for the 255,000 private shareholders of Railtrack who lost £millions when their company was forced into administration by the Government. 

 

The RPSAG Committee

1.   How it was formed - click here

2.   Role and Objectives - click here

1.  How it was formed

At the meeting of shareholders on 19th October 2001 a committee was formed to organise the private shareholders' cause. Simon Haslam of Fidelity Investments attended the meeting on behalf of the institutional shareholders group and expressed their desire to work with our group.

The group's inaugural committee meeting took place on Friday 26 October 2001. At the meeting the committee elected Andrew Chalklen as Chairman. A leading Counsel also attended the meeting and discussed possible courses of legal action.

The committee met again on Thursday 1 November 2001 and topics of discussion included their constitution, funding and an imminent meeting with Railtrack. 

On 5 November 2001 our Chairman wrote an introductory letter to all members of the group explaining what steps the group is taking  -  click here to see this letter.

.2.  Role and Objectives

One of the first actions of the new Committee was to agree the Rules of Association of RPSAG.  To see these, click here.

 

Personal details of the Committee have been deleted.

 

Page updated Tuesday, May 29, 2007

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