Leading re-commerce business, Stockport based musicMagpie, has announced its admission of the company’s ordinary shares to trading on the London Stock Exchange’s AIM market.
Admission took place and trading commenced at 8am today (22nd April) under the ticker MMAG.
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. As such, the company has also confirmed that it has received the Stock Exchange’s Green Economy Mark, which recognises companies that derive 50% or more of their total revenue from products and services contributing to the global ‘Green Economy.’
Steve Oliver, Chief Executive Officer and co-founder of musicMagpie (pictured), said:
“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.
“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.”
Founded in 2007, musicMagpie employs over 1,000 staff worldwide, including at its head office at Stockport Exchange, Hazel Grove distribution hub and US-operations in Atlanta, Georgia under the Decluttr brand.