Posting of Annual Report and Notice of AGM

Musicmagpie

02/04/2024 13:25

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240402:nRSB9908Ia&default-theme=true

RNS Number : 9908I  musicMagpie plc  02 April 2024

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/
(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.

 

 

- Ends -

 

Enquiries

 musicMagpie plc                               Tel: +44 (0) 870 479 2705

 Steve Oliver, CEO

 Ian Storey, COO
 Matthew Fowler, CFO

 Shore Capital (Nominated Adviser and Broker)  Tel: +44 (0) 20 7408 4090
 Mark Percy
 Malachy McEntyre
 Daniel Bush

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

 Rob Greening

 Sam Austrums

 Oliver Banks

 

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
(http://www.musicmagpieplc.com/)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACSZZGGDZZZGDZM