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
Enquiries
|
musicMagpie plc
Steve Oliver, CEO
Ian Storey, COO
Matthew Fowler, CFO
|
+44
(0) 870 479 2705
|
|
Shore Capital (Nominated Adviser and Broker)
Mark Percy
Malachy McEntyre
Daniel Bush
Rachel Goldstein
|
+44
(0) 207 408 4090
|
|
Powerscourt (Financial Public Relations)
Rob Greening
Sam Austrums
Oliver Banks
|
+44
(0) 20 7250 1446
|
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