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Director dealings: Argentex chairman raises stake

(Sharecast News) - Argentex revealed on Wednesday that chairman Nigel Railton had acquired 693,000 ordinary shares in the AIM-listed currency management and payment solutions provider. Railton, who was named as chairman back in May, purchased the shares on Monday at an average price of 30.94p each, for a total value of £214,430.14.

Following the transaction, Railton holds a beneficial interest in 1.27m ordinary Argentex shares, representing approximately 1.06% of the company's issued share capital.

As of 1620 GMT, Argentex shares were up 8.14% at 31.90p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Argentex Group (AGFX) Director name: Railton,Nigel Amount purchased: 693,000 @ 30.94p Value: £214,430.14

Invesco Global Equity Income Trust (IGET) Director name: Galbraith,Helen Amount purchased: 14,000 @ 312.02p Value: £43,682.80

Ixico (IXI) Director name: Nash,Grant Amount purchased: 260,000 @ 12.02p Value: £31,239.00

Team Internet Group (TIG) Director name: Holive,Marie Amount purchased: 25,252 @ 78.80p Value: £19,898.58

Baillie Gifford Uk Growth Trust (BGUK) Director name: Neill ,Ruary Amount purchased: 8,339 @ 179.88p Value: £15,000.19

Bae Systems (BA.) Director name: Greve,Brad Amount purchased: 559 @ 1,249.30p Value: £6,983.59

Iomart Group (IOM) Director name: Nabavi,Annette Amount purchased: 5,500 @ 90.80p Value: £4,994.00

Touchstone Exploration Inc Npv (di) (TXP) Director name: Baay,Paul R. Amount purchased: 11,574 @ $0.54 Value: $3,697.54

Zinc Media Group (ZIN) Director name: Satterthwaite,Christopher Amount purchased: 5,000 @ 52.00p Value: £2,600.00

Zinc Media Group (ZIN) Director name: Satterthwaite,Christopher Amount purchased: 4,434 @ 53.00p Value: £2,350.02

Top Director Sells

Softcat (SCT) Director name: Watt,Graeme Amount sold: 10,087 @ 1,574.00p Value: £158,769.38

Ixico (IXI) Director name: Nash,Grant Amount sold: 260,000 @ 12.00p Value: £31,200.00

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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