Magnit

Magnit Plans to Open Official Office in Uzbekistan

Retrieved on: 
Tuesday, April 6, 2021
Countries, Magnit, UZBEKISTAN

Krasnodar, Russia (April 6, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, plans to open an official office in the Republic of Uzbekistan.

Key Points: 
  • Krasnodar, Russia (April 6, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, plans to open an official office in the Republic of Uzbekistan.
  • By opening such an office, Magnit will be able to ramp up its exports as well as drive development of imports from countries of Central Asia and the Middle East.
  • In this regard, Magnit considers the Republic of Uzbekistan as a key partner for direct import of food products, primarily fruits, and light industry goods.
  • The opening of our office in Uzbekistan will ensure proper cooperation with foreign partners and enable us to develop our export and import operations, which we are very interested in.

Magnit Opens Ten Discounters in March

Retrieved on: 
Monday, April 5, 2021
Magnit, Southern Russia, Retailing, Russian culture, Krasnodar Krai, Discount store

Krasnodar, Russia (April 5, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, opened ten My Price discounters in March.

Key Points: 
  • Krasnodar, Russia (April 5, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, opened ten My Price discounters in March.
  • In early March, the Company opened discounters in Omsk and Yaroslavskaya village (Krasnodar Region).
  • This allows Magnit to control the cost and quality of goods on the shelf.
  • The discounters opened at the premises previously occupied by Magnit Convenience stores show an average 20% increase in LFL sales, mainly driven by growth in LFL traffic.

MAGNIT PJSC: PJSC Magnit Has Published the List of Affiliated Persons as of 31.03.2021

Retrieved on: 
Friday, April 2, 2021
Magnit, Krasnodar

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • Press Release | Krasnodar | April 2, 2021
    Krasnodar, Russia (April 2, 2021): Magnit PJSC (MOEX and LSE: MGNT), one of Russia's leading retailers announces publication of the list of affiliated persons as of 31.03.2021.
  • Please be informed that on April 2, 2021 PJSC Magnit has published the list of affiliated persons as of 31.03.2021.

Magnit Launches QR Code-Based Payments for Magnit Pay Cardholders

Retrieved on: 
Wednesday, March 31, 2021
Magnit, Marketing, QR code, Loyalty program

Krasnodar, Russia (March 31, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, launched a solution that enables Magnit Pay cardholders to pay for their purchases using the same QR code as used in the loyalty program.

Key Points: 
  • Krasnodar, Russia (March 31, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, launched a solution that enables Magnit Pay cardholders to pay for their purchases using the same QR code as used in the loyalty program.
  • To use this payment method, the customer should present their QR code, generated and constantly updated for security purposes in the the Magnit App and replaces the physical loyalty card, at the checkout, then choose to pay for the purchase using Magnit Pay and show the QR code again.
  • The pilot project was launched in Saratov and Perm regions in Magnit Convenience and Magnit Cosmetic formats as well as Magnit Family supermarkets and Magnit Extra superstores, encompassing more than 1200 stores in total.
  • In the nearest future, Magnit intends to incorporate new options into the app, including services to pay utilities, fines, taxes, etc.

Magnit Launches Payments for Communication, TV and Transport Services via Magnit Pay

Retrieved on: 
Thursday, March 25, 2021
Mobile payments, Payment systems, Cashless society, Service industries, Magnit, Google Pay, Apple Pay, Contactless payment, Loyalty program

Magnit Launches Payments for Communication, TV and Transport Services via Magnit Pay

Key Points: 
  • Magnit Launches Payments for Communication, TV and Transport Services via Magnit Pay
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • Magnit Launches Payments for Communication, TV and Transport Services via Magnit Pay
    Krasnodar, Russia (March 25, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, became the first Russian retailer to enable its customers to pay for mobile, Internet, and TV services as well as to top up transport cards via its app-the respective features were added to the Magnit loyalty program app after its update.
  • Since then, about 180,000 Magnit customers have become active users of the payment service, and over 77,000 people have added their Magnit Pay card to contactless payment services (Apple Pay, Google Pay, etc.).
  • The update enables using Magnit Pay to pay for communication, Internet, and TV services in the Magnit loyalty program app.

Magnit Launches Its Own Express Delivery from Magnit Cosmetic Stores

Retrieved on: 
Tuesday, March 23, 2021
Magnit, Companies

Krasnodar, Russia (March 23, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces the launch of its own delivery service from Magnit Cosmetic stores.

Key Points: 
  • Krasnodar, Russia (March 23, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces the launch of its own delivery service from Magnit Cosmetic stores.
  • The retailer started testing its own delivery from Magnit Cosmetic stores in its home region.
  • Until now, delivery from Magnit Cosmetic stores has only been available via the partnership with Delivery Club.
  • Given the pace at which the Magnit Cosmetic format is growing, I am sure that express delivery will be in demand.

Correction: Magnit Enters the Dagestan Market

Retrieved on: 
Thursday, March 18, 2021
Magnit, Head of the Republic of Dagestan, Sergey Melikov, Companies

Further to the "Magnit Enters the Dagestan Market" announcement released on March 18, 2021 at 11:30 London time PJSC Magnit (the "Company") advises that it incorrectly stated the period of stores opening in Dagestan region.

Key Points: 
  • Further to the "Magnit Enters the Dagestan Market" announcement released on March 18, 2021 at 11:30 London time PJSC Magnit (the "Company") advises that it incorrectly stated the period of stores opening in Dagestan region.
  • The document was signed by Abdulpatakh Amirkhanov, Chairman of the Government of the Republic of Dagestan, and Jan Dunning, President and CEO of Magnit, in the presence of Sergey Melikov, Acting Head of the Republic of Dagestan.
  • In the next five years, Magnit plans to open about 120 convenience and about 60 Magnit Cosmetic stores in the Republic.
  • We plan to open the stores of our two most popular formats in the Republic, namely Magnit Convenience and Magnit Cosmetic.

Magnit Enters the Dagestan Market

Retrieved on: 
Thursday, March 18, 2021
Magnit, Head of the Republic of Dagestan, Sergey Melikov, Russian culture, Dagestan, Language geography, North Caucasus

Krasnodar, Russia (March 18, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, and the Government of the Republic of Dagestan signed a cooperation agreement under which the Company plans to open around 180 stores in the region in the next three years.

Key Points: 
  • Krasnodar, Russia (March 18, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, and the Government of the Republic of Dagestan signed a cooperation agreement under which the Company plans to open around 180 stores in the region in the next three years.
  • The document was signed by Abdulpatakh Amirkhanov, Chairman of the Government of the Republic of Dagestan, and Jan Dunning, President and CEO of Magnit, in the presence of Sergey Melikov, Acting Head of the Republic of Dagestan.
  • In the next five years, Magnit plans to open about 120 convenience and about 60 Magnit Cosmetic stores in the Republic.
  • We plan to open the stores of our two most popular formats in the Republic, namely Magnit Convenience and Magnit Cosmetic.

Magnit announces the coupon yield payment

Retrieved on: 
Thursday, March 4, 2021
Finance, Bond valuation, Fixed income analysis, Magnit, Financial markets, Investment, Coupon, Bond, Yield, Financial economics

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • Press Release | Krasnodar | March 4, 2021
    Krasnodar, Russia (March 4, 2021): PJSC Magnit (MOEX and LSE: MGNT), one of Russia's leading retailers, announces the 2nd coupon yield payment against bonds.
  • Please be informed that today PJSC Magnit fulfilled its obligation of the 2nd coupon yield payment against bonds of the BO-002P-01 series in the amount of 463,800,000 rubles.

Magnit Opens New Distribution Center in Surgut

Retrieved on: 
Friday, February 26, 2021
Magnit, Surgut, Khanty-Mansi Autonomous Okrug, Ethnic groups, Khanty, Indigenous peoples of the Subarctic

Krasnodar, Russia (February 26, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces the launch of a distribution center in Surgut.

Key Points: 
  • Krasnodar, Russia (February 26, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces the launch of a distribution center in Surgut.
  • The DC will serve about 400 Magnit stores in Khanty-Mansi Autonomous District-Yugra and Yamalo-Nenets Autonomous District.
  • The launch of the new distribution center in Surgut will ensure reliable and uninterrupted delivery to stores located within these regions as well as significantly lower cost and shorter lead time.
  • "The distribution center in Surgut is strategically important for us.