Director Dealings

RNS Number : 5479H

Northcoders Group PLC

24 November 2022

 

24 November 2022

Northcoders Group plc

('Northcoders' or the 'Company')

Director Dealings

Northcoders (AIM:CODE), an independent provider of training programmes for software coding, announces that that following the result of Placing, Secondary Placing, Exercise of Options and Total Voting Rights announcement released on 21 November 2022, in order to meet market demand and with the permission of the Company's Nominated Adviser required pursuant to an orderly-market 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 24 November 2022, Mr Hill sold 19,588 Ordinary Shares at a price of 300 pence per share.  Following the transaction, Mr Hill remains beneficially interested in 1,504,080 Ordinary Shares, representing 19.6 per cent. of the Enlarged Share Capital.

On 24 November 2022, Mr Batra sold 19,587 Ordinary Shares at a price of 300 pence per share.  Following the transaction, Mr Batra remains beneficially interested in 949,413 Ordinary Shares, representing 12.4 per cent. of the Enlarged Share Capital.

Capitalised terms used but not defined in this announcement have the meanings given to them in the Company's announcement released earlier today in respect of the Placing unless the context provides otherwise.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

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 Price(s) Volume(s) Sale 300p 19,588
d)	Aggregated information Aggregated volume Aggregated price	19,588 £ 58,764.00
e)	Date of the transaction	24 November 2022
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 Price(s) Volume(s) Sale 300p 19,587
d)	Aggregated information Aggregated volume Aggregated price	19,587 £58,761
e)	Date of the transaction	24 November 2022
f)	Place of the transaction	London Stock Exchange, AIM

- Ends -

For further enquiries:

Northcoders Group plc	Via Buchanan
Chris Hill, CEO	Tel: [phone]
Charlotte Prior, CFO	www.northcodersgroup.com
WH Ireland Limited (Nominated Adviser & Joint Broker)	Tel: [phone]
Mike Coe / Sarah Mather (Corporate Finance)
Fraser Marshall (Corporate Broking)
Peterhouse Capital Limited (Joint Broker)	Tel[phone]
Lucy Williams Duncan Vasey	www.peterhousecap.com
Buchanan Communications	Tel: [phone]
Henry Harrison-Topham	[e-mail]
Jamie Hooper
George Cleary

Notes to Editors

Northcoders is a market leading provider of coding and software development training for businesses and individuals.  Founded in 2015, its business model operates a hybrid structure with a flagship site in Manchester and other sites in Leeds, Birmingham and Newcastle supported by a proven digital offering to support its students across the UK.

Powered by IP rich technology, Northcoders' coding school offers boot camp courses to individuals 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 also 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 businesses and public agencies. 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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