Directorate Change

Musicmagpie

01/12/2023 07:00

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RNS Number : 2834V  musicMagpie plc  01 December 2023

1 December 2023

musicMagpie plc

("musicMagpie" or the "Group")

Directorate Change

musicMagpie, a circular economy pioneer specialising in refurbished consumer
technology, announces that Alison Littley is stepping down from her role as
Non-Executive Director on 31 December 2023.

Martin Hellawell, Chairman of musicMagpie, said: "On behalf of the Board, I
would like to sincerely thank Alison for the important contribution that she
has made to musicMagpie. The Group has benefitted significantly from her
guidance and experience since its IPO in April 2021, and we wish her all the
very best for the future."

Enquiries

 musicMagpie plc                                        +44 (0) 870 479 2705

 Martin Hellawell, Non-Executive Chairman

 Steve Oliver, Chief Executive Officer and Co-Founder

 Matthew Fowler, Chief Financial Officer

 Shore Capital (Nominated Adviser and Broker)           +44 (0) 207 408 4090

 Mark Percy

 Daniel Bush

 Powerscourt (Financial Public Relations)               +44 (0) 20 7250 1446

 Rob Greening

 Sam Austrums

 

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
(https://url.avanan.click/v2/___http:/www.musicmagpieplc.com___.YXAxZTpzaG9yZWNhcDphOm86NzZiNTI4NTVmMWNjMGQ5NTdlNzE1ZWFjYzU2YTNmNWE6NjowZmMzOjFjZjFmMTM3MzRhNGM2Nzk4YmRjYjdhNGZkODA2ZWU3NGMzNjM1NzMwZTU4MTVmYjM1MjQ2MGU3YjYxNDlhOTY6cDpU)

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