Frequently Asked Questions

• What happened to the Railtrack Action Group website?

After the liquidation process had started, and shareholders on course to receive over 260p per share we decided that there was no longer a need to have a website which would incur running costs. We therefore decided to switch the website to a free location, which is where we intend to stay

• What costs were involved in running the action group?

Surprising little was spent over the last few years. Shareholders meetings were paid for by third parties, we would like to especially thank the UK Shareholders Association. The only costs came from the running of the website.

• Why did the Railtrack Action Group give up its fight for legal action?

The Railtrack Action Group decided that the costs of bringing a complex legal action without the support of Railtrack management would have little chance of success. Shareholders in the company have now received over 90% of the closing share price, which we believe in light of the current difficulties facing Network Rail is very good value.

• Why is it taking such a long time to receive money from the liquidators?

Liquidating Railtrack is very complicated and the tax implications are taking longer expected to resolve. We are pleased that the liquidators are on course to give shareholders a total package at the top end of forecasts (261p)