Frontier IP has successful completed an oversubscribed £2.3m raise with new and existing institutional shareholder support that significantly supports its balance sheet. There was also a retail offering, which will help improve liquidity in the stock. The deal gives Frontier IP the balance sheet to meet the opportunities and challenges presented by Covid19, and to accelerate growth of the portfolio and opportunities for investors. In particular this added firepower will be used to: i) e
21 Jul 2020
Successful placing of £2.3m to strengthen balance sheet
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Successful placing of £2.3m to strengthen balance sheet
Frontier IP Group Plc (FIPP:LON) | 38.5 -0.8 (-4.9%) | Mkt Cap: 21.6m
- Published:
21 Jul 2020 -
Author:
Edward Thomason -
Pages:
3
Frontier IP has successful completed an oversubscribed £2.3m raise with new and existing institutional shareholder support that significantly supports its balance sheet. There was also a retail offering, which will help improve liquidity in the stock. The deal gives Frontier IP the balance sheet to meet the opportunities and challenges presented by Covid19, and to accelerate growth of the portfolio and opportunities for investors. In particular this added firepower will be used to: i) e