M Winkworth Plc Dividend Announcement and Special Dividend (1309F)

TIDMWINK

RNS Number : 1309F

M Winkworth Plc

14 July 2021

14 July 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 second quarter of 2021 to shareholders.

Following an exceptionally strong performance in the sales division by the network in the first half of 2021, with preliminary figures indicating that network sales revenues exceeded those achieved for the whole of 2020, the Directors will also pay a special dividend of 2.6p per ordinary share at the same time as the second quarter dividend and in accordance with the timetable below.

Added to the 2.2p ordinary dividend and the 1.3p special dividend paid for the first quarter, this brings total dividends declared for the first half of 2021 to 8.3p per ordinary share (2020: 3.08p).

While the Directors anticipate a slowing of activity in sales in the second half of the year following the progressive withdrawal of stamp duty relief, revenues from rentals are running at a similar level to 2019 and ahead of 2020 and the Company is confident that its results for the year as a whole will exceed market expectations.

The timetable for the combined dividend is as follows:

 
 Ex-Dividend Date *      22/07/2021 
 Record Date **          23/07/2021 
                        ----------- 
 Expected Payment Date   18/08/2021 
                        ----------- 
 

* 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 : [phone]

Dominic Agace (Chief Executive Officer)

Andrew Nicol (Chief Financial Officer)

   Milbourne (Public Relations)                                                     Tel : [phone] 

Tim Draper

   Shore Capital (NOMAD and Broker)                                          Tel : [phone] 

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DIVGPUWUMUPGGQW

(END) Dow Jones Newswires

July 14, 2021 02:00 ET (06:00 GMT)