18 May 2023
musicMagpie plc
("musicMagpie", or "the Group")
Annual General Meeting ("AGM") Results
musicMagpie, a circular economy pioneer specialising in refurbished consumer technology in both the UK and US, announces that, at the Annual General Meeting held today, all resolutions were duly passed.
For information, details of the proxy voting are shown below:
| Resolution Number | Resolution Name | Number of Votes For | % of Votes For | Number of Votes Against | % of Votes Against |
| 01 | Report and accounts | 52,102,437 | 100.00% | 1,500 | 0.00% |
| 02 | Reappoint of auditor | 52,091,925 | 99.98% | 12,012 | 0.02% |
| 03 | Auditors remuneration | 52,091,925 | 99.98% | 12,012 | 0.02% |
| 04 | Remuneration report | 52,088,719 | 99.97% | 15,218 | 0.03% |
| 05 | Remuneration policy | 52,088,925 | 99.97% | 15,012 | 0.03% |
| 06 | Steve Oliver | 52,102,231 | 100.00% | 1,706 | 0.00% |
| 07 | Martin Hellawell | 52,102,437 | 100.00% | 1,500 | 0.00% |
| 08 | Alison Littley | 52,091,925 | 99.98% | 12,012 | 0.02% |
| 09 | Dave Wilson | 52,102,437 | 100.00% | 1,500 | 0.00% |
| 10 | Matthew Fowler | 52,102,437 | 100.00% | 1,500 | 0.00% |
| 11 | Allot shares | 52,091,925 | 99.98% | 12,012 | 0.02% |
| 12 | Pre-emption rights | 52,088,925 | 99.97% | 15,012 | 0.03% |
| 13 | Additional pre-emption rights | 52,088,925 | 99.97% | 15,012 | 0.03% |
| 14 | Market purchases | 52,102,437 | 100.00% | 1,500 | 0.00% |
The full text of each of the resolutions is set out in the notice of Annual General Meeting, copies of which are available on the Company's website https://www.musicmagpieplc.com/investors/corporate-literature
- Ends -
Enquiries
| musicMagpie plc Steve Oliver, CEO Ian Storey, COO | Tel: +44 (0) 870 479 2705 |
| Matthew Fowler, CFO
|
|
| Shore Capital (Nominated Adviser and Broker) | Tel: +44 (0) 20 7408 4090 |
| Mark Percy |
|
| Malachy McEntyre |
|
| Daniel Bush |
|
| John More |
|
|
|
|
| Powerscourt (Financial Public Relations) Rob Greening Genevieve Ryan Sam Austrums | Tel: +44 (0) 20 7250 1446 |
About musicMagpie
Operating through two trusted brands - musicMagpie in the UK and decluttr in the US - musicMagpie's core strategy is simple: to provide consumers with a smart, sustainable and trusted way to buy, rent and sell refurbished consumer technology and physical media products with sustainability running to the very heart of its operations. Founded in 2007, the Group has an established presence in the UK, with operations in Stockport, Greater Manchester, and in the US in Atlanta, Georgia.
musicMagpie has a strong environmental and social focus, as demonstrated by its trademarked 'smart for you, smart for the planet' ethos. Nearly 400,000 consumer technology products were resold in FY22. In addition, the Group re-sells approximately 10m books and disc media each year that could have ended up as waste. During 2022, musicMagpie's UK consumer tech and disc media customers, along with its trade partners, helped to save over 43,000 tonnes of CO2 by buying, selling and renting with the Group - an amount equivalent to providing heating for over 16,000 homes, or powering more than 50,000 flights from London to New York. The Group has been given the London Stock Exchange's Green Economy Mark in recognition of its contribution to the global green economy.
When selling to musicMagpie, the customer is offered a fixed valuation via the website, provided with free logistics to ship the products and (subject to it being 'as described') receives payment for their product on the day of arrival at the Group's warehouse. The Group also recently partnered with Asda to give customers the option of using its SMARTDrop Kiosks in store for a fast and easy way to recycle phones for instant cash. Customers purchasing from musicMagpie receive branded refurbished product for a fraction of the price of buying new.
The Group has the highest number of seller reviews on both Amazon and eBay and has consistently achieved extremely positive feedback scores. The Group also has a 4.4* rating on UK Trustpilot with over 259,000 reviews, and is honoured to have won Best Refurbished in the Uswitch Telecoms Awards 2023 as well as Best Online Retailer and Best Secondary Market Provider at the Mobile News Awards 2023.
For further information please visit: www.musicmagpieplc.com
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
