Corporate News
Grant of Options
14 June 2023
Northcoders (AIM:CODE), an independent provider of training programmes for software coding, announces that it has today granted options over, in aggregated 150,000 Ordinary shares of a penny each in the capital of the Company (“Ordinary Shares”) under the Company’s EMI Share option plan, at an exercise price of 248 pence. This grant of options represents 2.0% of the Company’s issued share capital.
The following Director and PDMR of the Company have been granted options under the Company’s EMI Share Option plan:
| Name | Title | Number of options grated |
|---|---|---|
| Charlotte Prior | CFO | 100,000 |
| Samuel Caine | PDMR | 50,000 |
These options will become exercisable following the third anniversary of the grant of options, being 14 June 2026.
Set out below are the notifications made in accordance with Article 19 of the UK Market Abuse Regulation.
| For further enquiries: | ||
| Northcoders Group PLC | Via Buchanan | |
| Chris Hill, CEO | Tel: +44 (0) 20 7466 5000 | |
| Charlotte Prior, CFO | investors.northcodersgroup.com | |
| WH Ireland Limited (Nominated Adviser & Joint Broker) | Tel: +44 (0)20 7220 1666 | |
| Mike Coe / Darshan Patel / Sarah Mather (Corporate Finance) | ||
| 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] | |
| Jamie Hooper | ||
Notes to Editors
Northcoders is a market leading provider of technology training for businesses and individuals with courses in, Software Engineering, Data Engineering and Platform Engineering. Founded in 2015, the Group's 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 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 help them to achieve their digital requirements, with teams as a service and to supply innovative solutions for the upskilling and reskilling of employees. 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 at all levels, from businesses and public agencies.
Northcoders was admitted to trading on AIM in July 2021 with the ticker CODE.L. For additional information please visit investors.northcodersgroup.com.
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 | Charlotte Prior | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director - CFO | ||||
| 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 | Grant of Options under the Company’s EMI Share option plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Aggregated price | 100,000 £248,000 | ||||
| e) | Date of the transaction | 14 June 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
|---|---|---|---|---|---|---|
| a) | Name | Samuel Caine | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR | ||||
| 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 | Grant of Options under the Company’s EMI Share option plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Aggregated price | 50,000 £124,000 | ||||
| e) | Date of the transaction | 14 June 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||