Posting of Annual Report and Notice of AGM

Musicmagpie

06/04/2023 07:00

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RNS Number : 1825V  musicMagpie plc  06 April 2023

6 April 2023

musicMagpie plc

("musicMagpie", or "the Group")

Posting of Annual Report and Notice of AGM

musicMagpie, a leading re-commerce business in the UK and US specialising in
refurbished consumer technology, announces that, following the release of its
final results statement on 8 March 2023, it has today published its Annual
Report and Accounts ("the Annual Report") for the year ended 30 November 2022
and copies have been posted to shareholders.

 

The Group also announces that it will hold its Annual General Meeting ("AGM")
at One Stockport Exchange, Railway Road, Stockport, SK1 3SW on Thursday 18
May 2023 at 9:00am BST.

 

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/) .

 

- 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
 John More

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

 Rob Greening

 Genevieve Ryan

 Sam Austrums

 

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 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 4.5* rating on UK Trustpilot with over 250,000 reviews.

 

For further information please visit: www.musicmagpieplc.com
(http://www.musicmagpieplc.com/)

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