Frontier IP Group (FIPP)

Sector:

Support

Index:

FTSE AIM All-Share

 66.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 127.00
  • 52 Week Low: 65.21
  • Currency: UK Pounds
  • Shares Issued: 55.01m
  • Volume: 38,391
  • Market Cap: £36.58m

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.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

FIPP Market Data

Currency UK Pounds
Share Price 66.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 127.00
52 Week Low 65.21
Volume 38,391
Shares Issued 55.01m
Market Cap £36.58m

FIPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
46.63% above the market average46.63% above the market average46.63% above the market average46.63% above the market average46.63% above the market average
58.82% above the sector average58.82% above the sector average58.82% above the sector average58.82% above the sector average58.82% above the sector average
Price Trend
52.01% below the market average52.01% below the market average52.01% below the market average52.01% below the market average52.01% below the market average
52.21% below the sector average52.21% below the sector average52.21% below the sector average52.21% below the sector average52.21% below the sector average
Income Not Available
Growth
73.90% above the market average73.90% above the market average73.90% above the market average73.90% above the market average73.90% above the market average
69.81% above the sector average69.81% above the sector average69.81% above the sector average69.81% above the sector average69.81% above the sector average

FIPP Dividends

No dividends found

Trades for 27-May-2022

Time Volume / Share Price
16:11 5,882 @ 67.00p
15:57 603 @ 65.21p
15:45 1,400 @ 65.78p
15:40 3,000 @ 65.78p
15:03 5,000 @ 65.48p

FIPP Key Personnel

CEO Neil Crabb
Chair Andrew Richmond
Finance Director James Fisher

Top of Page