Corporate News

Director Dealings

27 October 2021

Northcoders (AIM:CODE), an independent provider of training programmes for software coding, announces that it has been informed that in order to meet market demand and with the permission of the Company's Nominated Adviser required pursuant to a lock-in agreement, the following dealings have been undertaken in ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") by Chris Hill and Amul Batra, Chief Executive and Chief Operating Officer of the Company respectively.

On 25 October 2021, Mr Hill sold 30,000 Ordinary Shares at a price of 200 pence per share. Following the transaction, Mr Hill remains beneficially interested in 1,523,668 Ordinary Shares, representing 21.94% of the Company's issued share capital.

On 25 October 2021, Mr Batra sold 64,000 Ordinary Shares at a price of 200 pence per share. Following the transaction, Mr Batra remains beneficially interested in 969,000 Ordinary Shares, representing 13.95% of the Company's issued share capital.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Chris Hill

2

Reason for the notification

a)

Position/status

Director - CEO

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Northcoders Group plc

b)

LEI

9845020C4906942B7C18

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 1p each

 

GB00BL97B942

b)

Nature of the transaction

Sale

c)

Price(s) and volume(s)

 

Type

Date

Price(s)

Volume(s)

Sale

25/10/2021

200p

30,000

 

d)

Aggregated information

 

Aggregated volume

 

Aggregated price

 

 

30,000

 

£60,000

e)

Date of the transaction

25 October 2021

f)

Place of the transaction

London Stock Exchange, AIM


1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Amul Batra

2

Reason for the notification

a)

Position/status

Director - COO

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Northcoders Group plc

b)

LEI

9845020C4906942B7C18

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares of 1p each

 

GB00BL97B942

b)

Nature of the transaction

Sale

c)

Price(s) and volume(s)

 

Type

Date

Price(s)

Volume(s)

Sale

25/10/2021

200p

64,000

 

d)

Aggregated information

 

Aggregated volume

 

Aggregated price

 

 

64,000

 

£128,000

e)

Date of the transaction

25 October 2021

f)

Place of the transaction

London Stock Exchange, AIM

 


 For further enquiries:

Northcoders Group plc

Via Buchanan

Chris Hill, CEO

Tel: +44 (0) 20 7466 5000

Charlotte Prior, CFO

www.northcodersgroup.com

  

WH Ireland Limited (Nominated Adviser & Joint Broker)

Tel: +44 (0)20 7220 1666

Mike Coe / Sarah Mather (Corporate Finance)

 

Jasper Berry (Corporate Broking)

 
  

Peterhouse Capital Limited (Joint Broker)

Tel+44 (0) 20 7496 0930

Martin Lampshire

www.peterhousecap.com

Lucy Williams

Duncan Vasey
 

 

Buchanan Communications

Tel: +44 (0) 20 7466 5000

Henry Harrison-Topham

[email protected]

Stephanie Whitmore

 

Tilly Abraham

 

 

Notes to Editors

Northcoders is a market leading provider of B2B and B2C coding and software development training. Founded in 2015, its business model operates a hybrid structure with flagship sites in Manchester and Leeds supported by a best in class digital offering to businesses and individuals across the UK.

Powered by IP rich technology, Northcoders' coding school offers boot camp courses to consumers from a range of backgrounds, delivered through virtual and physical learning.  The Group also works with blue chip corporates across multiple sectors to supply innovative EdTech solutions for the upskilling and reskilling of employees, and is a registered provider of government-backed apprenticeships in the field.

With a keen focus of inclusivity, diversity and quality at its core, Northcoders aims to address the digital skills gap in the UK to meet the increasing demand for digital specialists from corporates and government. It operates in a significant and growing market with structural growth trends further accelerated by Covid-19.

Northcoders was admitted to trading on AIM in July 2021 with the ticker CODE.L.  For additional information please visit www.northcodersgroup.com .  

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