Wednesday, 27 July 2016

Broadway the last mile share issue passes two important milestones!

Broadway the last mile share issue passes two new milestones

Dear GWSR Supporters,

I am pleased to tell you that things are progressing well with the share issue in general and, in particular, we have;

Firstly, cash received from shareholders topped the £700,000 mark this week ending today, Wednesday 27/07, at £710,250. That is good going as today is 16 weeks after our share offer launch with Pete Waterman. Inevitably the rate of increase in funding has slowed down so if you have been holding off investing for just that moment now would be a good time to buy shares and keep the momentum going - only £540,000 to go!

Secondly, I am pleased to tell you today we sent off a Purchase Order to British Steel Limited, Scunthorpe for the first batch of rail we need - delivery scheduled for 2 September! Two more orders will be placed for delivery later in September and, all together, these purchases are enough to take the running line as far as Peasebrook Farm bridge this year.

For those interested in progress with HMRC on their agreement that our share issue under revised legislation is still eligible for the Enterprise Investment Scheme (EIS), I can confirm that our financial advisers have this week submitted to HMRC a statement asserting our belief that our share scheme meets the EIS revised conditions and requesting their confirmation and approval. Fingers crossed!

Thanks for your support!

Chris Bristow
GWSR PLC Finance Director

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