3 July 2023
musicMagpie plc
("musicMagpie", or "the Group")
Investor Meet Company Presentation
musicMagpie, a leading re-commerce business in the UK and US specialising in refurbished consumer technology, is pleased to confirm that its management team, including Steve Oliver (CEO), will host a live investor presentation covering the Group's financial results for the six months ended 31 May 2023 on Friday 14 July 2023 at 14:00hrs (BST).
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9:00am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet MUSICMAGPIE PLC via:
https://www.investormeetcompany.com/musicmagpie-plc/register-investor
Investors who already follow MUSICMAGPIE PLC on the Investor Meet Company platform will automatically be invited.
Enquiries
| musicMagpie plc Steve Oliver, CEO Ian Storey, COO Matthew Fowler, CFO | Tel: +44 (0) 870 479 2705 |
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| Powerscourt (Financial Public Relations) Rob Greening Genevieve Ryan Sam Austrums | Tel: +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 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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