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.
- Ends
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Enquiries
musicMagpie plc
Steve Oliver, CEO
Ian Storey, COO
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Tel: +44 (0) 870 479 2705
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Matthew Fowler, CFO
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Shore Capital (Nominated Adviser and Broker)
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Tel: +44 (0) 20 7408 4090
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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
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Tel: +44 (0) 20 7250 1446
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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