REG - M Winkworth Plc - Conditional Grant of Share Options

M WinkworthAnnouncement

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RNS Number : 3716R  M Winkworth Plc  17 July 2025

17 July 2025

M Winkworth plc

 

Conditional Grant of Share Options

 

M Winkworth Plc ("Winkworth" or the "Company") announces that on 16 July 2025
it has granted options (the "Options") over 75,000 ordinary shares of £0.005
each in the capital of the Company ("Ordinary Shares") to Thuang Lin "Tara"
Tan, the Company's Chief Operating Officer and a person discharging managerial
responsibilities ("PDMR"), under the M Winkworth Plc EMI Share Option Plan
2025 (the "Plan"). The Options carry an exercise price of £0.005 per Ordinary
Share and are intended to qualify as EMI share options.

 

The Options will vest in full on the second anniversary of the date of grant,
subject to Tara's continued employment within the Company, and will lapse if
she ceases employment before that date (other than in limited circumstances).
Unless previously exercised or lapsed, the Options will be exercisable at any
time thereafter until the tenth anniversary of the date of grant. Exercise is
subject to a performance condition that the closing mid-price per Ordinary
Share on the London Stock Exchange on the dealing day immediately prior to
exercise must be at least £2.50. The Board may, in its absolute discretion,
waive this condition in the event of a change of control of the Company or
other exceptional circumstances.

 

The Plan is being introduced to replace the expired M Winkworth Plc EMI Share
Option Plan and support the Company's strategy of incentivising, retaining and
rewarding eligible employees and directors through equity participation. It
permits the grant of tax-advantaged EMI options within the limits and
conditions set out in Schedule 5 to the Income Tax (Earnings and Pensions) Act
2003, as well as non-tax advantaged options. Options granted under the Plan
may be subject to vesting and performance conditions determined at the time of
grant and are exercisable within a ten-year option period. The Plan also
contains an overall dilution cap of 5 per cent of the Company's issued share
capital in any rolling ten-year period.

 

The Company intends that the adoption of the Plan will be subject to
shareholder approval at the Company's annual general meeting to be held in
2026 (the "2026 AGM"). In the event that shareholder approval is not obtained
at the 2026 AGM, the Options shall lapse in full.

 

In aggregate, options outstanding over Ordinary Shares now amount to 461,777,
representing approximately 3.58 per cent of the Company's issued share
capital.

 

Including the above grant of Options, Tara will hold options over 75,000
Ordinary Shares. In addition, Tara holds 3,522 Ordinary Shares in the Company,
representing approximately 0.03 per cent of the Company's issued share
capital.

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the UK Market Abuse Regulation. Upon
publication of this announcement, this inside information is now considered to
be in the public domain.

 

For further information please contact:

 

 M Winkworth PLC                                 Tel: 020 7355 0206
 Dominic Agace (Chief Executive Officer)
 Andrew Nicol (Chief Financial Officer)

 Shore Capital (Nominated Adviser & Broker)      Tel: 020 7408 4050
 David Coaten / Henry Willcocks / George Payne

 Milbourne (Financial PR)                        Tel: 07921 881800
 Charlotte McMullen

 

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
(https://url.avanan.click/v2/r02/___http:/www.winkworthplc.com___.YXAxZTpzaG9yZWNhcDphOm86ZTAzOGJmZjc0MTI2ZmYzMmUzNmVlMTVhMzk3Yjk3MzY6Nzo0YWUwOmE3ODMwZDg1Yjk3NmExMjljODFmODdlNzk2YzdhNTE2NGY0MzcwYTk0NmEyMmFmNDZjYTJiMWZmYjI2ZGQzNjY6cDpUOk4)

 

 

 

The FCA notification, made in accordance with the requirements of the UK
Market Abuse Regulation, is appended below.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Thuang Lin "Tara" Tan
 2.  Details of PDMR / person closely associated with them ('PCA')
 a)  Position / status                        Chief Operating Officer
 b)  Initial notification / amendment         Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     M Winkworth plc
 b)  LEI                                      213800W7G6NJ2PRNUM27
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument;

(ii) each type of transaction; (iii) each date; and (iv) each place where
     transactions have been conducted
 c)  Description of the financial instrument  Options over ordinary shares of 0.5p each in the capital of M Winkworth plc

                                              ISIN: GB00B4TT7L53
 d)  Nature of the transaction                Grant of options over ordinary shares of 0.5p each in the capital of M
                                              Winkworth plc

 e)  Price and volume                         Price (Pence)  Volume
                                              0.5            75,000
 f)  Aggregated information

                                              As above

     Aggregated volume

      Price
 g)  Date of the transaction                  16 July 2025
 h)  Place of the transaction                 Off market

f)

Aggregated information

 

Aggregated volume

 

 Price

 

As above

g)

Date of the transaction

16 July 2025

h)

Place of the transaction

Off market

 

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