Railtrack - Railtrack Payments to Shareholders - E

Railtrack - E

Railtrack Payments to Shareholders

RT Group plc (in voluntary liquidation) made a number of payments to shareholders during the winding up of the company's affairs before finally being dissolved on 22 June 2010.

December 2003 200p
August 2004 43p
December 2004 9p
December 2005 8.5p
March 2010 2.071865p

Railtrack Management

Robert Horton was the first chairman of Railtrack, he resigned from this role in early 1999 amid reports of disagreements between Horton and the company's then-chief executive Gerald Corbett. Steve Marshall became the company's next chairman, following the company's entering into receivership, he announced his own resignation in October 2001 and actually stood down in March 2002. That same month, Geoffrey Howe was appointed chairman of Railtrack Group (the part of the business not in administration) and quickly pursued a strategy of seeking compensation from the British government.

Railtrack's first Chief Executive, John Edmonds, was a keen proponent of outsourcing the company's engineering activities and driving down costs. During late 1997, Gerald Corbett succeeded Edmonds as chief executive. During his tenure, numerous accidents occurred, Corbett issued multiple apologies and issued recommendations for reforms of the rail industry. In November 2000, Corbett issued his resignation, having been publicly called on to do so by multiple politicians and public figures. Corbett was Railtrack's chief executive as it went into receivership.

Railtrack Overview

Railtrack Type: Public

Railtrack Industry: Rail transport

Railtrack Predecessor: British Rail

Railtrack Founded: 1 April 1994

Railtrack Defunct: 18 October 2002

Railtrack Fate: Renationalised

Railtrack Successor: Network Rail

Railtrack Headquarters: London, England

Railtrack Key People: John Robinson (Chairman)

Gerald Corbett (CEO)

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