The controlling family at the helm of Winkworth has increased its holding in the company’s total shares.
Dominic Agace, CEO of the franchise-based firm, has invested a further £102,000 into the business as his family strengthens its holding.
The Agace family has a controlling interest in Winkworth, owning more than 40% of the London-based franchise firm.
Agace purchased 102,000 shares at £1.02 per share and now has 5.73% of the total shares. Another unnamed employee secured almost 73,500 shares. See below.
Last year, Agace’s brother and sister, Louis and Gina, increased their holdings wafter acquiring 900 shares each.
The siblings purchased the shares for 162p, with Louis taking his total to 0.35% of the company and Gina to 0.3%.
Agace’s father, Simon, is the non-executive chairman, having previously led the company for several years as managing director. Together they launched Winkworth onto the stock market in 2009.
M Winkworth plc
Exercise of Options,
Director Dealing
and
Total Voting Rights
M Winkworth Plc (“Winkworth” or the “Company”), the leading franchisor of real estate agencies, received notification on 23 June 2023 that, on the same day, Dominic Agace (Chief Executive Officer of the Company) and another employee exercised 102,066 and 73,488 options over the ordinary 0.5p shares in the Company (“Ordinary Shares”), respectively. The options were exercised at a price of 102.38 pence per Ordinary Share and had been held within the Company’s EMI Share Option Scheme (“Scheme”).
An application for admission to trading on AIM of the 175,554 new Ordinary Shares has been submitted to the London Stock Exchange and trading is expected to commence on or around 29 June 2023 (“Admission”). Following the issue of the new Ordinary Shares, the Company’s total issued share capital will consist of 12,908,792 Ordinary Shares (“Enlarged Issued Share Capital”) with one voting right per Ordinary Share. The Company does not hold any shares in treasury. Following the issue of the new ordinary shares, the total number of voting rights in the Company will be 12,908,792. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.
Following Admission, Dominic Agace will have a beneficial interest in 739,694 Ordinary Shares representing 5.73% of the Enlarged Issued Share Capital.
