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musicMagpie is an AIM listed technology business. A leader in the re-commerce of consumer technology, disc media (including CDs, DVDs and games) and books in the UK and US, 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 Macclesfield and Hazel Grove, Greater Manchester, and in the US in Atlanta, Georgia.

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

The Group sells its products through its own online stores, musicMagpie.co.uk and Decluttr.com and their respective mobile application, and through third-party online channels, principally eBay, Amazon and Back Market, with the addition of Walmart in the US from early 2023.

AO World is a Main Market listed company headquartered in Bolton. They are the UK’s most trusted major electricals retailer, with a mission to be the destination for electricals. Their strategy is to create value by offering their customers brilliant customer service and making AO the destination for everything they need, in the simplest and easiest way, when buying electricals.

They offer major and small domestic appliances, mobile phones through their Mobile Phones Direct brand, AV, consumer electricals and laptops. They also provide ancillary services such as the installation of new and collection of old products and offer product protection plans and customer finance. They also serve the B2B market in the UK, providing electricals and installation services at scale.

AO also has a WEEE processing facility, ensuring customers’ electronic waste is dealt with responsibly.

On 2^nd October 2024, the boards of AO World and musicMagpie announced that they had agreed the terms of a recommended cash acquisition of the entire issued and to be issued share capital of musicMagpie by AO Ltd, a wholly-owned subsidiary of AO World.

Publication of the Scheme Document

The Perivan shareholder communications team was delighted to work with Shore Capital who acted as Rule 3 adviser, nominated adviser and broker and Addleshaw Goddard who acted as legal adviser to musicMagpie, on the scheme and associated ancillary documents, which were successfully published and posted to qualifying shareholders on 28th October 2024.

For more information, click here.

Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to Mergers & Acquisitions.