MusicMagpie plc has confirmed that it is in early-stage discussions with BT Group plc and Aurelius Group regarding a possible offer to acquire the entire issued and to be issued share capital of the company. The discussions are ongoing and at a very early stage, and there is no certainty that any offer will be made or as to the terms of any such offer. Shareholders are advised to take no action at this time. The Parties have until 18 December 2023 to announce a firm intention to make an offer or to announce that they do not intend to make an offer. An offer period has now commenced in respect of the company.