MusicMagpie PLC

AGM Information • May 22, 2024

National Storage Mechanism | Additional information

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

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

A bout 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

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