M Winkworth plcLSE: WINK

M Winkworth: Legal Proceedings and Independent Board Review

· Issued by M Winkworth plc via RNS

Summary by 6ix AI

M Winkworth plc and Mr Simon Agace have agreed a further consent order in their ongoing High Court proceedings, sealed by the Court, and have agreed to enter into mediation while they remain in discussions aimed at a settlement.

Key details

  • The stay of all further proceedings, ordered on September 29, 2026, has been extended up to and including November 23, 2026, to make room for the mediation.
  • The hearing of the Company's application, originally listed for October 5, 2026, remains adjourned, and either side may ask the Court to bring it back.
  • Undertakings Mr Simon Agace gave in connection with the consent order dated August 12, 2026 remain in full force until the dispute is resolved or the Court orders otherwise.
  • The full findings of an Independent Board Review by an external advisory firm have been presented to the Board and are consistent with its initial recommendations on Board composition, independence and corporate governance arrangements.
  • The Board has agreed the review's recommendations in principle, subject to further discussion of the findings, and is progressing discussions on putting them into practice.

What’s still pending

  • No settlement has been reached; the parties remain in discussions and have agreed to mediation.
  • The Board's agreement to the review's recommendations is in principle only and subject to further discussion of the findings.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/legal-proceedings-and-independent-board-review-1

Watch M Winkworth's latest callM Winkworth (LSE:WINK) — Interim results for the six months ended 30 June 2026 · Replay · Sep 16
M Winkworth Plc
03 November 2026

3 November 2026

M Winkworth plc

Legal Proceedings and Independent Board Review

M Winkworth plc (“Winkworth” or the “Company”) provides the following updates.

Legal Proceedings

The Company and Mr Simon Agace have agreed a further consent order in the ongoing High Court proceedings, which has been sealed by the Court.

The parties remain in discussions with a view to reaching a settlement and have agreed to enter into mediation. To facilitate that process, the stay of all further proceedings ordered on 29 September 2026 has been extended up to and including 23 November 2026. The hearing of the Company's application, originally listed for 5 October 2026, remains adjourned with liberty to restore.

The undertakings Mr Simon Agace gave in connection with the consent order dated 12 August 2026 remain in full force and effect until the dispute is resolved, or until further order of the Court.

The Company will provide further updates as appropriate.

Independent Board Review

The full findings of the Independent Board Review undertaken by an established external advisory firm have now been presented to the Board, and are consistent with its initial recommendations regarding Board composition, independence and corporate governance arrangements.

The Board has agreed the recommendations in principle, subject to further discussion of the findings, and is progressing discussions regarding their implementation.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 956/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.

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 : 07921 881800

Charlotte McMullen

[email protected]

Shore Capital (NOMAD and Broker) Tel : 020 7408 4090

David Coaten

Henry Willcocks

George Payne

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