2 April 2024
musicMagpie plc
("musicMagpie", or "the Group")
Publication and Posting of Annual Report and Notice of AGM
musicMagpie, a circular economy pioneer specialising in refurbished consumer technology, disc media and books in both the UK and US, announces that, following the release of its final results statement on 13 March 2024, it has today published its Annual Report and Accounts ("the Annual Report") for the year ended 30 November 2023.
Copies of the Annual Report and the Notice of the AGM are available to view on the Group's website: https://www.musicmagpieplc.com/ and hard copies will be posted to shareholders on or around 15 April 2024.
The Group will hold its Annual General Meeting ("AGM") at One Stockport Exchange, Railway Road, Stockport, SK1 3SW on 22 May 2024 at 08:30 am BST.
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Enquiries
| musicMagpie plc Steve Oliver, CEO Ian Storey, COO | Tel: +44 (0) 870 479 2705 |
| Matthew Fowler, CFO |
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| Shore Capital (Nominated Adviser and Broker) | Tel: +44 (0) 20 7408 4090 |
| Mark Percy |
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| Malachy McEntyre |
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| Daniel Bush |
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| Powerscourt (Financial Public Relations) Rob Greening Sam Austrums Oliver Banks | Tel: +44 (0) 20 7250 1446 |
Notes to Editors
About musicMagpie plc
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 FY23. In addition, the Group re-sells approximately 8.4m books and disc media each year that could have ended up as waste. 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 has 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 payment. 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 almost 285,000 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
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