REG - Northcoders Group - Rolls Royce Contract Win

NorthcodersAnnouncement

14/12/2022 07:00

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RNS Number : 6101J  Northcoders Group PLC  14 December 2022

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

14 December 2022

 

Northcoders Group plc

('Northcoders' or the 'Company')

 

Rolls Royce contract win

 

Northcoders (AIM:CODE), the independent provider of training programmes for
software coding, is pleased to announce that the Company's Business Solutions
division has been awarded a significant new contract with R² Factory, part of
Rolls Royce Group to run a developer incubator programme with a contract value
of £0.45 million.  This new contract follows on from a similar programme
that Northcoders ran successfully for R² Factory last year which has just
finished.

 

During the last twelve months, Northcoders has secured multiple new contracts
in its Business Solutions division, with KPMG and EMaC Ltd, among others.

 

Chris Hill, CEO of Northcoders Group plc, said: "We are really pleased that
R² Factory and Rolls Royce have renewed their contract with our Business
Solutions division for another year and this type of recurring business is
testament to the high quality service that we provide for our clients. The
developer incubator programme that we are running for them is the same as last
year but with a different team made up of four junior and one senior
developers.

 

"The continued success of our Developer Incubator programme within the
Business Solutions division is key to the sustained growth of the business as
we move into developing our new technical areas and continue in our mission to
provide the UK with the technologists it needs while creating life-changing
opportunities for individuals from all walks of life."

 

- Ends -

 

For further enquiries:

 Northcoders Group plc                                           Via Buchanan
 Chris Hill, CEO                                                 Tel: +44 (0) 20 7466 5000
 Charlotte Prior, CFO                                            www.northcodersgroup.com (http://www.northcodersgroup.com/)

 WH Ireland Limited (Nominated Adviser & Joint Bookrunner)       Tel: +44 (0)20 7220 1666
 Mike Coe / Sarah Mather (Corporate Finance)
 Fraser Marshall (Corporate Broking)

 Peterhouse Capital Limited (Joint Bookrunner)                   Tel+44 (0) 20 7496 0930
 Lucy Williams                                                   www.peterhousecap.com (http://www.peterhousecap.com/)
 Duncan Vasey

 Buchanan Communications                                         Tel: +44 (0) 20 7466 5000
 Henry Harrison-Topham                                           northcoders@buchanan.uk.com (mailto:northcoders@buchanan.uk.com)
 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
(https://www.northcodersgroup.com/) .

 

 

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