StockMarketWire.com - Struggling mattress retailer Eve Sleep said it had launched a share issue to raise £12m to fund a new growth strategy focused on the UK, Ireland and France.

New shares in the company were offered at 10p each, representing a 3.6% discount to their closing price on Tuesday.

Eve Sleep said that existing shareholder Channel Four had also agreed to accept £0.9m of future advertising spend by the company in the form of new Eve Sleep shares.

The company's shares, which listed on the stock exchange in 2017, fell sharply in 2018 after its performance faltered.

At 2:22pm: [LON:EVE] Eve Sleep Plc share price was +0.13p at 10.5p



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