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 : 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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