Eurotunnel & Le Shuttle Club
ETAG, the Eurotunnel Foundation Shareholders' Action Group, was established to protect members' travel rights.
These are now vested in Le Shuttle Club, which was inaugurated on 1st November 2010.
Those who held the necessary qualifying shares from issue to that date are required to join the club in order to take advantage of their travel rights.
NB: Do let both ETAG & Le Shuttle Club know if you change your contact details.
Le Shuttle Club
ETAG is directed by a Steering Committee consisting of:
Michael Stainer FCA – Member of former TNU Shareholder Consultative Committee
Paul Fox FCA – Member of former TNU Shareholder Consultative Committee
Michael Spencer QC – Crown Office Chambers, expert in Group litigation
John Webley FCA – a former Morgan Stanley Managing Director
Russell Ford FCA – former partner in Deloitte Haskins & Sells
Address: The Grand The Leas Folkestone CT20 2XL
Telephone: +44 (0)1 303 222 200 (we much prefer to communicate by email)
It is important to advise ETAG of any change in your contact details.
As members receive periodic emails from our manually maintained database, please click here to advise of any new email address so that we may update our manually maintained records, with the email heading, ‘Change of email address’; for cross checking purposes, please also give your old email, and your name and address. We will acknowledge all advices received when actioned.
Please click here to advise us of a change of your address, with the email heading ‘Change of address’; again, for cross checking purposes, please also give your old address. All alterations to ETAG’s records will be confirmed by email.
And do not forget to advise Le Shuttle Club - see section above under 'Contacts'.
Most members joined immediately after Eurotunnel announced, in March 2007, that it was to abolish the Foundation Shareholders' travel rights.
The requested Defence Fund contribution was
|All these categories have travel rights to the end of the concession in 2086||
|1500 + units with unlimited 'free' return journeys||
|1000-1499 units with two 'free' return journeys per annum||
|1500 + units with unlimited return journeys @50% discount||
|700-1499 units with one return journey per annum @50% discount||
About 1250 Unitholders joined ETAG, their first payments having produced over £140,000, of which about £37,000 remains in the kitty. It has therefore not been necessary hitherto to call for the second installment. In addition, members' available insurance cover amounts to a sum well into seven figures.
Fortunately no immediate threat to our travel rights is presently percieved, but ETAG keeps an eagle eye on developments and emails members periodically with the latest news. If you wish to receive these and be part of ETAG's continuing action to safeguard the travel rights, we are pleased to accept new members paying the first of the two payments originally proposed.
Please click here for ETAG's Defence Fund Contribution Form to download, and return it with your cheque or credit card details, and also please confirm your are joining ETAG by Email with the subject - Confirmation of Defence Fund Contribution.
All subscriptions are gratefully acknowledged.
ETAG The Grand The Leas Folkestone CT20 2XL
Reception & Lunch 16th November 2010
Not receiving ETAG´s email circulars? Click Here 14th July 2010
ETAG advice to members without current email send 1st class post 21st June 2010
Le Shuttle Club rules 11th June 2010 posted 19th June 2010
Restriction of Travel Rights February Half Term 2010
Posted 29th Jan 2010
Eurotunnel´s unilateral decision objected to
Renewal of Travel Rights 2010
Posted 29th Jan 2010
Steps to be taken for registration of entitlement
AGMs 28th April 2009 & Group Restructuring
Conclusion and suggested action (Posted 20th April 2009)
TNU AGMs 28th April 2009
Agenda commentary (posted 3rd April 2009)
Travel Rights restored & Booking Arrangments
from 15th Jan 2009
Restoration of Travel Rights
Rights to resume in Jan 2009
Temporary Suspension of Travel Rights & their Renewal
Tunnel fire consequences
(Posted 29th Sepember 2008)
TNU AGMs 27th June 2008 - ETAG report
Travel rights - Annual fee planned
TNU AGMs 27th June 2008 Agenda commentry
(posted 23rd June 2008)
EGMs 21st Dec 2007 Agenda commentary
(posted 20th Nov 2007)
Progress Report 12th Oct 2007
Renewal of travel rights from 1st Nov 2007
AGMs 27th July 2007 Agenda commentary
(posted 7th July 2007)
Progress Report 30th June 2007
Confirmation that travel rights continue
A Thank You note 10th June 2007
Your ETAG team and their supporters
Eurotunnel Press Release
31st May 2007
Analysis of initial Offer result
Additional Acceptance Period 1st to 14th June 200
25th May 2007 - 87% acceptances - sit tight!
The Takeover Panel ruling 23rd May 2007
Reasons for dismissing ETAG’s ‘separate class of shares’ case (40 pages)
Other aspects of ETAG's approaches to The Takeover Panel, its French Equivalent the AMF, the Paris Commercial Court and its proposed Injunction have not resulted in rulings as either Eurotunnel has taken appropriate action to satisfy our complaints or matters are ongoing.
ETAG's action has become a leading case, and Linklaters' review is a very much more digestible summary
Insurance Details 15th May 2007
requested from those ETAG members whose household insurance policies cover contractual disputes
Questionnaire Results 10th May 2007
Evidence that Foundation Shareholders were being misled by Offer documents & information centres
Suggested ACTION REQUIRED
10th May 2007
BBC Blogs - to date
The Sunday Telegraph 20th May 2007
The vultures are hovering
Times Online 1st June 2007
Share price commentary