Annual General Meeting Results

RNS Number : 1708M

musicMagpie plc

19 May 2022

 

19 May 2022

musicMagpie plc

("musicMagpie", or "the Group")

Annual General Meeting ("AGM") Results

musicMagpie, a circular economy pioneer specialising in refurbished consumer technology in both the UK and US, announces that, at the Annual General Meeting held today, all resolutions were duly passed.

Details of the poll votes received for each resolution are shown below:

Resolution Number	Resolution Name	Number of Votes  For	% of Votes For	Number of Votes  Against	% of Votes Against
01	Report and accounts	83,942,760	100.00%	0	0.00%
02	Reappoint auditor	83,942,760	100.00%	0	0.00%
03	Auditors remuneration	83,942,760	100.00%	0	0.00%
04	Remuneration report	83,942,760	100.00%	0	0.00%
05	Remuneration policy	83,942,760	100.00%	0	0.00%
06	Steve Oliver	83,942,760	100.00%	0	0.00%
07	Martin Hellawell	83,942,760	100.00%	0	0.00%
08	Alison Littley	83,932,248	99.99%	10,512	0.01%
09	Dave Wilson	83,942,760	100.00%	0	0.00%
10	Allot shares	83,942,760	100.00%	0	0.00%
11	Pre-emption rights*	83,942,760	100.00%	0	0.00%
12	Additional pre-emption rights*	83,942,760	100.00%	0	0.00%
13	Market purchases*	83,942,760	100.00%	0	0.00%

*Special resolution

Notes:

1.	Proxy appointments which gave discretion to the Chairman of the AGM have been included in "For" total for the appropriate resolution.
2.	Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
3.	A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against".  There were no votes withheld.
4.	The number of shares in issue on 19 May 2022 was 107,772,020 and the total number of votes cast as a percentage of total voting rights in issue was 77.89%
5.	The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at  https://www.musicmagpieplc.com/investors/shareholder-information .

Enquiries

musicMagpie plc Steve Oliver, CEO Ian Storey, COO Matthew Fowler, CFO	Tel: [phone]
Peel Hunt (Nominated Adviser and Joint Broker) Edward Knight Paul Gillam Tom Ballard	Tel: [phone]
Shore Capital (Joint Broker) Malachy McEntyre Mark Percy Daniel Bush John More	Tel: [phone]
Powerscourt (Financial Public Relations) Rob Greening Genevieve Ryan Sam Austrums	Tel: [phone]

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, trusted and sustainable 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. Operating through its two trusted brands - musicMagpie in the UK and decluttr in the US - the Group's core business model is simple: to provide consumers with a smart, sustainable and trusted way to buy, rent and sell refurbished consumer technology and physical media products. 

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 to consumers 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. 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 has a 4.6* rating on UK Trustpilot with over 220,000 reviews and has won multiple awards for its recycling services, including Best Recycling Service at the What Mobile Awards six years in a row.

For further information please visit:  www.musicmagpieplc.com

 

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