M Winkworth Plc Results of Annual General Meeting (8265B)

TIDMWINK

RNS Number : 8265B

M Winkworth Plc

06 June 2023

6 June 2023

M Winkworth plc

Results of Annual General Meeting

Directors of M Winkworth Plc ("Winkworth" or the "Company") are pleased to announce that all the resolutions proposed at the Company's annual general meeting held today were approved by shareholders.

At the AGM, Dominic Agace, CEO of Winkworth, made the following comment:

"The first quarter of 2023 was in line with management expectations, with a greater weighting towards letting income as the much commented on rentals market continued to power ahead. While interest rates are likely to peak at a higher level than previously anticipated, we believe that we are now nearing the top of the tightening cycle and would expect the sales market to perform satisfactorily for the year as a whole. With four new franchises scheduled to open in the second half, as well as some resales of franchises to new operators, we are well positioned for when confidence returns and transactions improve."

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

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June 06, 2023 06:20 ET (10:20 GMT)