Last checked at 6 Apr 2023 07:00
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/.
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Enquiries
musicMagpie plc Steve Oliver, CEO Ian Storey, COO | Tel: +44 (0) 870 479 2705 |
Matthew Fowler, CFO |
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Shore Capital (Nominated Adviser and Broker) | Tel: +44 (0) 20 7408 4090 |
Mark Percy |
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Malachy McEntyre |
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Daniel Bush |
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John More |
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Powerscourt (Financial Public Relations) Rob Greening Genevieve Ryan Sam Austrums | Tel: +44 (0) 20 7250 1446 |
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