Frontier IP Group (FIPP)

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 41.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 59.00
  • 52 Week Low: 33.00
  • Currency: UK Pounds
  • Shares Issued: 56.17m
  • Volume: 38,020
  • Market Cap: £23.31m

UK invests in Frontier IP's Nandi Proteins business

By Sean Farrell

Date: Wednesday 16 Sep 2020

LONDON (ShareCast) - (Sharecast News) - The UK government has invested £360,000 in Frontier IP's portfolio company Nandi Proteins to support its efforts to replace chemical additives and fat in processed foods.
Frontiier said it would contribute £320,000 with £40,000 from Shackleton Finance to match the investment by the government's Future Fund. The funding is via a convertible loan.

Nandi will use the money to meet milestones for a number of projects with industry partners, Frontier said. The projects include developing gluten replacements for use in bread with Associated British Foods and Origin Enterprises' Agrii.

The Future Fund was set up to support innovative businesses during the Covid-19 crisis. Nandi said it was working on many of the food industry's major concerns, including the dangers of obesity, which makes people more susceptible to Covid-19.

Frontier's chief executive Neil Crabb said: "The investment from the Future Fund is an invaluable contribution to supporting Nandi Proteins through the next phase of its development. There is strong interest across the food industry to reduce the levels of additives, fats and meat on both health and environmental grounds."

Frontier shares rose 3.5% to 66.25p at 09:11 BST. The company owns 20.1% of Nandi, a spinout from Heriot-Watt university, and Shackleton is an existing shareholder.

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FIPP Market Data

Currency UK Pounds
Share Price 41.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 59.00
52 Week Low 33.00
Volume 38,020
Shares Issued 56.17m
Market Cap £23.31m

FIPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.06% above the market average36.06% above the market average36.06% above the market average36.06% above the market average36.06% above the market average
53.33% above the sector average53.33% above the sector average53.33% above the sector average53.33% above the sector average53.33% above the sector average
Price Trend
46.38% below the market average46.38% below the market average46.38% below the market average46.38% below the market average46.38% below the market average
61.22% below the sector average61.22% below the sector average61.22% below the sector average61.22% below the sector average61.22% below the sector average
Income Not Available
Growth
93.28% above the market average93.28% above the market average93.28% above the market average93.28% above the market average93.28% above the market average
93.94% above the sector average93.94% above the sector average93.94% above the sector average93.94% above the sector average93.94% above the sector average

FIPP Dividends

No dividends found

Trades for 24-May-2024

Time Volume / Share Price
16:39 25,000 @ 40.00p
12:08 3,000 @ 40.65p
11:58 20 @ 42.70p
10:35 10,000 @ 41.88p

FIPP Key Personnel

CEO Neil Crabb
CFO Jo Stent

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