Board Change

RNS Number : 0404V

M Winkworth Plc

09 December 2013

 

9 December 2013

M Winkworth PLC

("Winkworth" or the "Company")

Board Change

Winkworth, franchisor of London's largest chain of residential estate agents, announces that Antony Snarey has resigned as a non-executive director of the Company effective from 6 December 2013.

Mr. Snarey has acted as a director of Winkworth Franchising Ltd for 15 years, becoming a non-executive director in 2002, having previously worked as the Chief Executive of William H Brown, a business which he grew from 65 to some 300 offices in the 1980s and 1990s.

In 2007 he purchased 15% of the company to become Winkworth's first shareholder outside of Simon Agace, and in 2009 helped with the Company's admission to the AIM market of the London Stock Exchange. He retains 80,487 shares in Winkworth representing a stake of 0.63%.

Dominic Agace, CEO of Winkworth commented: "We are very grateful to Tony for his valuable contribution to the growth of Winkworth. We have benefited from his wealth of experience in estate agency and wish him well in his retirement."

For further information please contact:

M Winkworth PLC	Tel : [phone]
Dominic Agace (Chief Executive Officer)
Chris Neoh (Chief Financial Officer)
Susannah Sheppard (Corporate PR)
Milbourne	Tel : [phone]
Tim Draper (Financial PR)
Liberum Capital Limited (NOMAD and Broker)	Tel: [phone]
Tom Fyson / Christopher Britton

About Winkworth

Winkworth is a leading franchisor of residential real estate agencies and is admitted to trading on the AIM Market of the London Stock Exchange.

Established in Mayfair in 1835, Winkworth has a pre-eminent position in the mid to upper segments of the central London residential sales and lettings markets. In total, the company operates from over 90 offices in the UK and Portugal, having expanded consistently in recent years.

The franchise model allows entrepreneurial real estate professionals to provide the highest standards of service under the banner of a well-respected brand name and to benefit from the support and promotion that Winkworth offers. Franchisees deliver in-depth local knowledge and a highly personalised service to their clients.

For further information please visit: www.winkworthplc.com

 

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