Shore Capital is pleased to have acted as Financial Adviser, Rule 3 Adviser, Nominated Adviser and Broker to musicMagpie plc (“musicMagpie”) on its recommended cash offer by AO World plc (“AO”).

The recommended cash offer, announced on 2 October 2024 and completed on 12 December 2024, following a comprehensive sale process within the scope of the UK City Code on Takeovers and Mergers.Shore Capital has supported musicMagpie since its IPO and is pleased to have assisted the company complete this transaction with AO.

musicMagpie is a market leader in the re-commerce of consumer technology, disc media (including CDs, DVDs and games) and books in the UK, with operations in the US, with sustainability running to the very heart of its operations. Operating through two trusted brands – musicMagpie in the UK and decluttr in the US – with a core strategy of providing consumers with a smart, sustainable and trusted way to buy, rent and sell refurbished consumer technology and physical media products. musicMagpie has a strong environmental and social focus, as demonstrated by its trademarked ‘smart for you, smart for the planet’ ethos.

musicMagpie has the highest number of seller reviews on both Amazon and eBay and has consistently achieved extremely positive feedback scores. musicMagpie has a 4.4* rating on UK Trustpilot with over 300,000 reviews and won Best Refurbished Device Supplier in the Uswitch Telecoms Awards 2024, as well as Best Online Retailer and Best Secondary Market Provider at the Mobile News Awards 2023.

For further information please contact:  

Shore Capital +44 (0) 20 7408 4090

Corporate Advisory: Mark Percy, Daniel Bush

Corporate Broking: Malachy McEntyre

For Shore Capital media enquiries, please contact:  

[email protected]