M Winkworth Plc Dividend Declaration (5552C)

TIDMWINK

RNS Number : 5552C

M Winkworth Plc

12 October 2022

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 2.7p per ordinary share for the third quarter of 2022 to shareholders.

Trading in the third quarter of the financial year was good, with a sharp increase in sales year-on-year due in part to an overhang of uncompleted transactions from the second quarter, but also as levels of interest remained strong. Lettings showed good growth, held back only by a shortage of available properties, particularly in London.

We have not as yet witnessed a negative impact from the mini-budget on applications and sales and, although higher mortgage rates are likely to put a cap on further price appreciation, we anticipate that an increased supply of properties and persistent strong demand will support transactions for the rest of the current year.

The Directors expect that full year pre-tax profits will be at least in line with the market forecast of GBP2.1m.

The timetable is as follows:

   Ex-Dividend Date *                    20/10/22 
   Record Date **                          21/10/22 
   Expected Payment Date            17/11/22

* 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                                       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

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October 12, 2022 02:00 ET (06:00 GMT)

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