Eve Sleep plc: Statement Regarding Recent Press Speculation and Temporary Suspension of Trading (855449)

 
 Eve Sleep plc (EVE) 
Eve Sleep plc: Statement Regarding Recent Press Speculation and Temporary 
Suspension of Trading 
 
12-Aug-2019 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
         eve Sleep plc 
 
         ("eve" or the "Company") 
 
  Statement Regarding Recent Press Speculation and Temporary Suspension of 
         Trading 
 
        The Directors of eve Sleep Plc (AIM:EVE), a direct to consumer sleep 
      wellness brand operating in the UK, Ireland and France, have noted the 
                   recent press speculation regarding the Company. 
 
   The Company confirms that it is in very early stage discussions regarding 
  the potential merger of Simba Ltd, ("Simba") with eve, to be structured by 
 way of the acquisition of Simba by eve (the "Potential Transaction"). There 
can be no certainty that the Potential Transaction will proceed or certainty 
                   as to the terms of the Potential Transaction. 
 
 If it proceeds, the Potential Transaction may constitute a reverse takeover 
under the AIM Rules for Companies and if so would require the publication of 
  an admission document in respect of eve as enlarged by the acquisition and 
         the consent of eve shareholders [1] in a general meeting. A further 
   announcement will be made in due course once the Company and its advisers 
       have analysed whether the Potential Transaction is a reverse takeover 
                   pursuant to the AIM Rules for Companies. 
 
  The Company is not currently in a position to comply with the requirements 
of AIM Rule 14 insofar as publication of an admission document and convening 
 of a general meeting are concerned as discussions are at a very early stage 
  and due diligence has not been completed. In accordance with the AIM Rules 
for Companies, the Company has requested that its securities are immediately 
 and temporarily suspended from trading on AIM until such time as either the 
    Company publishes an admission document, discussions with respect to the 
         Potential Transaction have ceased or it has been concluded that the 
                   Potential Transaction is not a reverse takeover. 
 
           The Company will update shareholders with further information, as 
                   appropriate, in due course. 
 
         -Ends- 
 
For enquiries, please contact: 
 
eve Sleep plc 
 
James Sturrock, Chief         via M7 Communications LTD 
Executive Officer 
 
Tim Parfitt, Chief Financial 
Officer 
finnCap Ltd- Nominated        Tel: [phone] 
Adviser and Broker 
 
Matt Goode / Hannah Boros 
M7 Communications LTD -PR/IR  Tel: [phone] 
 
Mark Reed 
 
ISIN:          GB00BYWMFT51 
Category Code: SPC 
TIDM:          EVE 
LEI Code:      2138007BAC29AUXWQE6 
Sequence No.:  16388 
EQS News ID:   855449 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=e5f2f5cbceabb4d8822805b43eedc814&application_id=855449&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

August 12, 2019 02:00 ET (06:00 GMT)