REG - M Winkworth Plc - Dividend Declaration

M WinkworthAnnouncement

12/04/2023 12:30

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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
(http://www.winkworthplc.com)

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