Corporate News
Director Dealing
24 October 2024
Northcoders (AIM:CODE), a UK market leading technology training business, announces that in order to satisfy new institutional investor demand and for personal tax considerations the following director dealings have taken place.
Chris Hill, founder and Chief Executive Officer, sold 190,000 ordinary shares of 1 penny each in the Company (“Ordinary Shares”) on 22 October 2024 at a price of 160 pence per Ordinary Share.
Following these transactions, Mr Hill remains beneficially interested in 1,314,080 Ordinary Shares, representing 16.4 per cent. of the Company’s voting share capital.
Amul Batra, Director, sold 30,000 Ordinary Shares on 22 October 2024 at a price of 160 pence per Ordinary Share.
Following this transaction, Mr Batra remains beneficially interested in 919,413 Ordinary Shares, representing 11.5 per cent. of the Company’s voting share capital.
For further enquiries:
| Northcoders Group plc | Via Burson Buchanan |
| Chris Hill, CEO | Tel: +44 (0) 20 7466 5000 |
| Charlotte Prior, CFO | investors.northcodersgroup.com |
| Zeus (Nominated Adviser & Joint Broker) | Tel: +44 (0) 20 3829 5000 |
| Mike Coe / Sarah Mather (Investment Banking) Fraser Marshall / George Krokos (Sales) | |
| Peterhouse Capital Limited (Joint Broker) | Tel: +44 (0) 20 7496 0930 |
| Martin Lampshire | www.peterhousecap.com |
| Lucy Williams Duncan Vasey | |
| Burson Buchanan | Tel: +44 (0) 20 7466 5000 |
| Henry Harrison-Topham | [email protected] |
| Steph Whitmore | www.bursonbuchanan.com |
| Jesse McNab |
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 another site in Leeds, 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 | 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) |
| ||||||
| d) | Aggregated information Aggregated volume Aggregated price | 190,000 £304,000 | ||||||
| e) | Date of the transaction | 22 October 2024 | ||||||
| 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) |
| ||||||
| d) | Aggregated information Aggregated volume Aggregated price | 30,000 £48,000 | ||||||
| e) | Date of the transaction | 22 October 2024 | ||||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||||