Frontier IP Group (FIPP)

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 41.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 60.00
  • 52 Week Low: 33.00
  • Currency: UK Pounds
  • Shares Issued: 56.17m
  • Volume: 31,971
  • Market Cap: £23.31m

Frontier IP's Nandi Proteins gets Future Fund investment

By Josh White

Date: Wednesday 16 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Intellectual property commercialisation specialist Frontier IP said on Wednesday that its portfolio company Nandi Proteins has raised £0.72m via a convertible loan, including a £0.36m investment from the UK Government's 'Future Fund'.
The AIM-traded firm said the investment from the Future Fund, which was established to support innovative businesses through the Covid-19 outbreak, had been matched by £0.32m from Frontier IP and £0.04m invested by Shackleton Finance, which specialises in secondary venture and development capital investments.

Frontier IP holds a 20.1% equity stake in the company, with Shackleton also an existing shareholder.

The company said Nandi was collaborating with a number of industry partners to commercialise its novel process control technology to create ingredients based on animal and vegetable proteins, able to replace chemical additives and fat in processed foods.

The funding would support it in meeting technical and commercial milestones relating to a number of collaborative projects with "major" industry partners.

"The investment from the Future Fund is an invaluable contribution to supporting Nandi Proteins through the next phase of its development," said Frontier IP chief executive officer Neil Crabb.

"There is strong interest across the food industry to reduce the levels of additives, fats and meat on both health and environmental grounds.

"Nandi, with its proven expertise particularly with vegetable proteins, is well placed to benefit from these trends."

At 1357 BST, shares in Frontier IP Group were up 2.77% at 65.77p.

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FIPP Market Data

Currency UK Pounds
Share Price 41.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 60.00
52 Week Low 33.00
Volume 31,971
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
35.58% above the market average35.58% above the market average35.58% above the market average35.58% above the market average35.58% 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
55.99% below the market average55.99% below the market average55.99% below the market average55.99% below the market average55.99% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Income Not Available
Growth
93.43% above the market average93.43% above the market average93.43% above the market average93.43% above the market average93.43% 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 21-May-2024

Time Volume / Share Price
13:29 1,344 @ 40.54p
11:36 2,893 @ 41.47p
11:02 6,510 @ 41.47p
08:51 150 @ 43.00p
08:51 3 @ 43.00p

FIPP Key Personnel

CEO Neil Crabb
CFO Jo Stent

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