eve Sleep plc ("eve" or the "Company")
Director / PDMR Shareholding
eve, a direct to consumer sleep wellness brand operating in the UK, Ireland and France, today announces that James Sturrock, Chief Executive Officer of the Company and Tim Parfitt, Chief Financial Officer of the Company have been granted options to subscribe for an aggregate of 6,400,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares" and the "Options").
Under the share plan James Sturrock has been granted 4,400,000 Options at an exercise price of 0.1p (with a start date for vesting purposes of 25 September 2019, as agreed at a meeting of the Board's Remuneration Committee on that date), and Tim Parfitt has been granted 2,000,000 Options at an exercise price of 0.1p (with a start date for vesting purposes of 17 June 2019, as agreed at employment commencement date). The Options vest from their start date on a straight-line basis over a three-year vesting period in monthly increments.
Following the grant of the Options, James Sturrock and his connected persons have an interest in 252,750 Ordinary Shares and 8,800,000 Options and Tim Parfitt and his connected persons have an interest in 27,048 Ordinary Shares and 2,000,000 Options.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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James Sturrock
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2
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Reason for the notification
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a)
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Position / status
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Chief Executive Officer
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Initial notification / amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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eve Sleep plc
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b)
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LEI
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2138007BAC29AUXWQE67
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4
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Details of the transaction(s): section to be prepared for (i) each type of instrument; (ii) each type of transaction; (iii) each date and (iv) each place where transactions have been conducted
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a)
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Description of the financial instrument, type of instrument
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Ordinary shares of 0.1p each ("Ordinary Shares")
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Identification code
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ISIN: GB00BYWMFT51
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b)
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Nature of transaction
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Grant of options over Ordinary Shares
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No. of options granted: 4,400,000
Exercise price: 0.1p
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d)
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Aggregated information
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Aggregated volume: N/A
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Weighted average price: N/A
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e)
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Date of the transaction
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17 December 2019
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f)
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Place of the transaction
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London Stock Exchange, AIM
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Tim Parfitt
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2
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Reason for the notification
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a)
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Position / status
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Chief Financial Officer
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Initial notification / amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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eve Sleep plc
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b)
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LEI
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2138007BAC29AUXWQE67
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4
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Details of the transaction(s): section to be prepared for (i) each type of instrument; (ii) each type of transaction; (iii) each date and (iv) each place where transactions have been conducted
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a)
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Description of the financial instrument, type of instrument
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Ordinary shares of 0.1p each ("Ordinary Shares")
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Identification code
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ISIN: GB00BYWMFT51
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b)
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Nature of transaction
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Grant of options over Ordinary Shares
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No. of options granted: 2,000,000
Exercise price: 0.1p
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d)
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Aggregated information
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Aggregated volume: N/A
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Weighted average price: N/A
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e)
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Date of the transaction
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17 December 2019
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f)
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Place of the transaction
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London Stock Exchange, AIM
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For enquiries, please contact:
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eve Sleep plc
James Sturrock, Chief Executive Officer
Tim Parfitt, Chief Financial Officer
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via M7 Communications LTD
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finnCap Ltd- Nominated Adviser and Broker
Matt Goode / Hannah Boros
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Tel: +44 (0)20 7220 0500
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M7 Communications LTD
Mark Reed
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Tel: +44(0)7903 089 543
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