Northcoders Group announces proposed placing to raise approximately £2.1 million
Northcoders, the independent provider of training programmes for software coding, has announced that it intends to raise approximately £2.1 million (before expenses) by way of a placing of approximately 694,444 new Ordinary Shares at a price of 300 pence per share.
The anouncement follows Northcoders’ significant expansion since IPO in July 2021.
The net proceeds of the Placing will be used to further accelerate the Company’s growth strategy by introducing new technology training courses.
The new technical disciplines will sit alongside the Company’s current offerings of Software Development and Data Engineering, resulting in the potential growth of technology bootcamp student numbers alongside a broader service offering for corporate clients engaging with the Northcoders Business Solutions division.
The new courses are expected to be developed and launched during the course of 2023.