REG - musicMagpie plc - Annual General Meeting Results

MusicmagpieAnnouncement

22/05/2024 09:00

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RNS Number : 4584P  musicMagpie plc  22 May 2024

22 May 2024

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            46,692,816             99.95%          21,125                     0.05%
 02                 Reappoint of auditor           46,691,316             99.95%          22,625                     0.05%
 03                 Auditors remuneration          46,691,316             99.95%          22,625                     0.05%
 04                 Remuneration report            46,581,872             99.72%          132,069                    0.28%
 05                 Remuneration policy            46,581,872             99.72%          132,069                    0.28%
 06                 Steve Oliver                   46,586,372             99.73%          127,569                    0.27%
 07                 Martin Hellawell               46,461,372             99.46%          252,569                    0.54%
 08                 Dave Wilson                    46,586,372             99.73%          127,569                    0.27%
 09                 Matthew Fowler                 46,586,372             99.73%          127,569                    0.27%
 10                 Allot shares                   46,451,872             99.73%          127,569                    0.27%
 11                 Pre-emption rights             46,388,372             99.30%          325,569                    0.70%
 12                 Additional pre-emption rights  46,388,372             99.30%          325,569                    0.70%
 13                 Market purchases               46,606,159             99.77%          107,782                    0.23%

 

 

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
(https://www.musicmagpieplc.com/investors/corporate-literature)

 

 

Enquiries

 musicMagpie plc                               +44 (0) 870 479 2705

 Steve Oliver, CEO

Ian Storey, COO

 Matthew Fowler, CFO

 Shore Capital (Nominated Adviser and Broker)  +44 (0) 207 408 4090

 Mark Percy

 Malachy McEntyre

Daniel Bush

Rachel Goldstein

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

 Rob Greening

 Sam Austrums
 Oliver Banks

 

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 FY23. In addition, the Group
re-sells approximately 8.4m books and disc media each year that could have
ended up as waste. 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 has 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 payment. 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 290,000 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
(https://url.avanan.click/v2/___http:/www.musicmagpieplc.com/___.YXAxZTpzaG9yZWNhcDphOm86ZTJjMDAwODJiY2RiNjcwZjkwYTlkZDNjZGIwZGVjYzY6Njo1NWQzOmVhZjM0MGU4YzM0YjExMDIyZDk0OThjNDg1N2VlZDE2NTk4YjY0YmYwYWYzYWQ3MjUyZWZkNzQyODAyZjc2Mzc6cDpG)

 

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