TIDMWINK

RNS Number : 3503V

M Winkworth Plc

14 April 2021

14 April 2021

M Winkworth plc

Dividend Announcement and Special Dividend

The Directors of M Winkworth Plc ("Winkworth" or the "Company") are pleased to announce that the Company will pay a dividend of 2.2p per ordinary share for the first quarter of 2021 to shareholders.

In the trading updated released on 13 January 2021, the directors of Winkworth announced that the Company would pay a dividend of 1.8p (2019: 2.1p) per share for the fourth quarter of 2020, bringing total dividend payments declared for the financial year ending 31 December 2020 to 6.68p (2019: 7.8p). The reduction in quarterly payments on the previous year reflected caution in the face of the unpredictable fluctuations in trading due to lockdowns.

The trading update also referenced the strong momentum experienced going into the first quarter of 2021. Having repaid the furlough money received from the government for franchisor staff, the directors believe that it is now appropriate to pay a special dividend to shareholders of 1.3p.

The board recognises the importance of dividend payments to shareholders and remains committed to paying a quarterly dividend, with the intention of resuming a progressive payment if trading conditions permit.

The timetable for the combined dividend is as follows:

 
 Ex-Dividend Date *      22/04/21 
 Record Date **          23/04/21 
                        --------- 
 Expected Payment Date   20/05/21 
                        ---------

* 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)

Andrew Nicol (Chief Financial Officer)

   Milbourne (Public Relations)                                                    Tel : 07903 802545

Tim Draper

   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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