fipp4 Nov 2014 10:40
extract from rns yesterday.....As part of the funding round, Frontier IP has converted part of the debt owed to it by Nandi into 3,738 Nandi shares, bringing Frontier IP's total shareholding in Nandi to 21.49%. Following this investment round, the Company's holding in Nandi has been revalued and shows an uplift of over £0.3m. The revaluation will be recognised in Frontier IP's Annual Report & Financial Statements for the year ended 30 June 2014.