TIDMWINK

RNS Number : 9993V

M Winkworth Plc

12 April 2023

12 April 2023

M Winkworth plc

Dividend Declaration

The Directors of M Winkworth Plc ("Winkworth" or the "Company") are pleased to announce that the Company will pay a dividend of 2.9p per ordinary share for the first quarter of 2023 to shareholders.

The timetable is as follows:

   Ex-Dividend Date *                    20/04/2023 
   Record Date **                          21/04/2023 
   Expected Payment Date            18/05/2023

The Company will announce its audited financial results for the year ended 31 December 2022 on 19th April 2023.

* Shares bought on or after the ex-dividend date will not qualify for the dividend

** Shareholders must be on the Winkworth share register on this date to receive this dividend.

During the end of year audit process, the Board became aware of an issue concerning technical compliance with the Companies Act 2006 in relation to a historic dividend payments. Although there were sufficient distributable reserves and cash held in the Group which could have been distributed, dividends were declared at times when the Company did not hold adequate distributable reserves by reference to its relevant historic annual accounts. The Company's historic reported trading results and financial condition are entirely unaffected.

The Board proposes to put a resolution to Shareholders at its 2023 annual general meeting to address this past issue.

For further information please contact:

 
M Winkworth PLC                                 Tel: 020 7355 0206 
Dominic Agace (Chief Executive Officer) 
Andrew Nicol (Chief Financial Officer) 
 
Milbourne                                       Tel: 07903 802545 
Tim Draper (Financial PR) 
 
Shore Capital (NOMAD and Broker)                Tel: 020 7408 4090 
Robert Finlay / David Coaten / Henry Willcocks

About Winkworth

Winkworth is the leading London franchisor of residential real estate agencies with a pre-eminent position in the mid to upper segments of the sales and lettings markets. The franchise model allows entrepreneurial real estate professionals to provide the highest standards of service under the banner of a long-established brand name and to benefit from the support and promotion that Winkworth offers.

Winkworth is admitted to trading on the AIM Market of the London Stock Exchange.

For further information please visit: www.winkworthplc.com

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END

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(END) Dow Jones Newswires

April 12, 2023 07:19 ET (11:19 GMT)

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