Annual General Meeting Results

musicMagpie plc

18 May 2023

 

18 May 2023

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.

For information, details of the proxy voting 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	52,102,437	100.00%	1,500	0.00%
02	Reappoint of auditor	52,091,925	99.98%	12,012	0.02%
03	Auditors remuneration	52,091,925	99.98%	12,012	0.02%
04	Remuneration report	52,088,719	99.97%	15,218	0.03%
05	Remuneration policy	52,088,925	99.97%	15,012	0.03%
06	Steve Oliver	52,102,231	100.00%	1,706	0.00%
07	Martin Hellawell	52,102,437	100.00%	1,500	0.00%
08	Alison Littley	52,091,925	99.98%	12,012	0.02%
09	Dave Wilson	52,102,437	100.00%	1,500	0.00%
10	Matthew Fowler	52,102,437	100.00%	1,500	0.00%
11	Allot shares	52,091,925	99.98%	12,012	0.02%
12	Pre-emption rights	52,088,925	99.97%	15,012	0.03%
13	Additional pre-emption rights	52,088,925	99.97%	15,012	0.03%
14	Market purchases	52,102,437	100.00%	1,500	0.00%

The full text of each of the resolutions is set out in the notice of Annual General Meeting, copies of which are available on the Company's website    https://www.musicmagpieplc.com/investors/corporate-literature

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Enquiries

musicMagpie plc Steve Oliver, CEO Ian Storey, COO	Tel: [phone]
Matthew Fowler, CFO
Shore Capital (Nominated Adviser and Broker)	Tel: [phone]
Mark Percy
Malachy McEntyre
Daniel Bush
John More
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, 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 4.4* rating on UK Trustpilot with over 259,000 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

 

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