musicMagpie makes London debut

musicMagpie receives green accreditation as it begins trading

musicMagpie (LON:MMAG), a leading re-commerce business in the UK and US specialising in refurbished consumer technology, announced on Thursday the admission of the company’s ordinary shares of one pence each to trading on the AIM market of London Stock Exchange (LSE).

musicMagpie is a leader in the re-commerce of consumer technology (including smartphones, tablets, consoles and computers) with “sustainability running to the very heart of its operations”, the company said via a statement.

Founded in 2007, the company has an established presence in the UK, with operations in Stockport, Greater Manchester, and in the US in Atlanta, Georgia.

Operating through its two trusted brands – musicMagpie in the UK and Decluttr in the US – its core business model is to provide consumers with “a smart, trusted and sustainable way to buy, rent and sell refurbished consumer technology and physical media products”.

The company confirmed that it has received the LSE’s Green Economy Mark, which recognises companies that derive% or more of their total annual revenue from products and services that contribute to the global ‘Green Economy’.

Steve Oliver, Chief Executive Officer and co-founder of musicMagpie, expressed his delight at welcoming new shareholders, as well as the company receiving the LSE’s Green Economy Mark.

“This is an exciting new chapter in the musicMagpie story, and we are delighted to welcome our new shareholders to the business. The Company has been on a fantastic journey since Walter Gleeson and I founded it in 2007, and I am hugely proud of the hard work, innovation and dedication of our people in getting the business to where it is today. I am thrilled that our colleagues can now have a direct stake in musicMagpie’s future success,” Oliver said.

“I am also particularly pleased that musicMagpie has received the LSE’s Green Economy Mark. It is a clear recognition of our strong environmental, social and corporate governance credentials as we continue to provide a service that is both smart for the consumer and smart for the planet.”