15 July 2020
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 1.4p per ordinary share for the second quarter of 2020 to shareholders.
Winkworth traded profitably in the first half of 2020 and the Group's net cash position at the end of the period exceeded £3m. After adhering to government guidelines and rapidly adopting all the necessary measures to ensure the safety of customers and staff, Winkworth was well positioned to restart activity at the end of lockdown on 13 May. Between that date and 30 June, Winkworth ranked second in London for both instructions and sales*.
While the outlook for the second half of the year remains hard to predict, the board remains committed to paying a quarterly dividend.
The Directors are also pleased to announce that, following a formal tender process, it has been agreed that Crowe UK LLP will be appointed as the Company's auditor for the year ended 31 December 2020.
* Source: TwentyEA (sales subject to contract)
The timetable is as follows:
Ex-Dividend Date * 23/07/20
Record Date ** 24/07/20
Expected Payment Date 20/08/20
* 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.
For further information please contact:
| M Winkworth PLC | Tel: 020 7355 0206 |
| Dominic Agace (Chief Executive Officer) |
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| Andrew Nicol (Chief Financial Officer) |
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| Milbourne | Tel: 07903 802545 |
| Tim Draper (Financial PR) |
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| Shore Capital (NOMAD and Broker) | Tel: 020 7408 4090 |
| Robert Finlay David Coaten Henry Willcocks
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About Winkworth
Winkworth is a leading franchisor of residential real estate agencies and is admitted to trading on the AIM Market of the London Stock Exchange.
Established in Mayfair in 1835, Winkworth has a pre-eminent position in the mid to upper segments of the central London residential sales and lettings markets. In total the company operates from some 100 offices, having expanded consistently in recent years.
The franchise model allows entrepreneurial real estate professionals to provide the highest standards of service under the banner of a well-respected brand name and to benefit from the support and promotion that Winkworth offers. Franchisees deliver in-depth local knowledge and a highly personalised service to their clients.
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