The Annual General Meeting of musicMagpie PLC was held, and all resolutions were passed. The proxy voting details were provided, showing overwhelming support for the resolutions. The full text of each resolution is available on the company's website. The company's leadership and contact information were also included in the announcement.
musicMagpie is a circular economy pioneer specializing in refurbished consumer technology in the UK and US. The company's core strategy is to provide consumers with a sustainable and trusted way to buy, rent, and sell refurbished consumer technology and physical media products. Founded in 2007, the Group has a strong environmental and social focus, as demonstrated by its 'smart for you, smart for the planet' ethos. The company has been recognized for its contribution to the global green economy with the London Stock Exchange's Green Economy Mark.
The Group's business model involves offering customers a fixed valuation for their products, free logistics for shipping, and immediate payment upon arrival at the Group's warehouse. Additionally, the company has partnered with Asda to provide customers with the option of using SMARTDrop Kiosks in-store for a fast and easy way to recycle phones for instant payment. Customers purchasing from musicMagpie receive branded refurbished products for a fraction of the price of buying new.
musicMagpie has a strong presence in the market, with a high number of seller reviews on platforms like Amazon and eBay, as well as positive feedback scores. The company has also received accolades such as the Best Refurbished in the Uswitch Telecoms Awards 2023 and Best Online Retailer and Best Secondary Market Provider at the Mobile News Awards 2023.