Director/PDMR Shareholding

Musicmagpie

29/09/2022 09:01

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RNS Number : 1482B  musicMagpie plc  29 September 2022

29 September 2022

musicMagpie plc

("musicMagpie" or "the Company")

Director/PDMR Shareholding

musicMagpie, a circular economy pioneer specialising in refurbished consumer
technology in both the UK and US, announces that, on 27 September 2022, Martin
Hellawell, Non-Executive Chair, purchased 800,000 ordinary shares of 1p each
in the Company ("Ordinary Shares"), at a price of 12.73p.  On the same date,
Steve Oliver, Chief Executive Officer, purchased 1,350,000 ordinary shares of
1p each in the Company ("Ordinary Shares"), at a price of 13.76p.  On the
same date, Matthew Fowler, Chief Financial Officer, purchased 175,000 Ordinary
Shares, at a price of 10.56p.   On the same date, Ian Storey, Chief
Operating Officer, purchased 725,000 Ordinary Shares, at a price of 13.69p.

The notification below, made in accordance with the requirements of the EU
Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         1.     Martin Hellawell

                                                                   2.     Steven Oliver

                                                                   3.     Matthew Fowler

                                                                   4.     Ian Storey
 2    Reason for the notification
 a)   Position/status                                              1.     Non-Executive Chair

                                                                   2.     Chief Executive Officer

                                                                   3.     Chief Financial Officer

                                                                   4.     Chief Operating Officer

 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         musicMagpie plc
 b)   LEI                                                          213800QMKTKSDMQIR327
 4    Details of the transaction(s): section to be repeated for (i) each type of
      instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of 1 pence each ("Ordinary Shares")

      Identification code                                          ISIN:  GB00BKY4XG48
 b)   Nature of the transaction                                    Acquisition of ordinary shares.

 c)   Price(s) and volume(s)

         Price(s)  Volume(s)
                                                                   Martin Hellawell  12.73p    800,000
                                                                   Steven Oliver     13.76p    1,350,000
                                                                   Matthew Fowler    10.56p    175,000
                                                                   Ian Storey        13.69p    725,000
 d)   Aggregated information

      - Aggregated volume                                          Single transactions

      - Price
 e)   Date of the transaction                                      27 September 2022

 f)   Place of the transaction                                     London Stock Exchange (XLON); AIM

d)

 

Aggregated information

- Aggregated volume

- Price

 

Single transactions

e)

 

Date of the transaction

27 September 2022

f)

 

Place of the transaction

London Stock Exchange (XLON); AIM

 

For further information please contact:

 

 musicMagpie plc                                     +44 (0) 870 333 7101

 Martin Hellawell, Non-Executive Chairman

 Steve Oliver, Chief Executive

 Matthew Fowler, Chief Financial Officer
 Peel Hunt LLP (Nominated Adviser and Joint Broker)  +44 (0) 20 7418 8900

 Paul Gillam

 Tom Ballard

 James Smith
 Shore Capital Stockbrokers (Joint Broker)           +44 (0) 20 7408 4090

 Malachy McEntyre

 Mark Percy

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

 Rob Greening

 Genevieve Ryan

 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. Over 400,000
consumer technology products were resold in FY21. In addition, the Group
re-sells approximately 2,500 tonnes of books and disc media each year that
could have ended up as waste. During 2021, musicMagpie's UK consumer tech
and disc media customers, along with its trade partners, helped to save over
50,000 tonnes of CO2 by buying, selling and renting with the Group - an
amount equivalent to providing heating for over 18,000 homes. 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 4.5* rating on UK Trustpilot with over 240,000 reviews.

For further information please visit: www.musicmagpieplc.com

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