(Sharecast News) - AJ Bell revealed on Tuesday that chief executive Michael Summersgill had acquired 85,000 ordinary shares in the FTSE 250-listed online investment platform operator.

Summersgill, who joined AJ Bell in 2007, purchased the shares at an average price of 513p each, for a total value of £436,050.01.

Following the transaction, Summersgill holds a beneficial interest in 508,960 ordinary AJ Bell shares, representing 0.125% of the company's issued share capital.

As of 1525 BST, AJ Bell shares were down 1.46% at 505.50p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Aj Bell (AJB)

Director name: Summersgill ,Michael Thomas

Amount purchased: 85,000 @ 513.00p

Value: £436,050.01

Primary Health Properties (PHP)

Director name: Krieger ,Ian

Amount purchased: 162,800 @ 92.10p

Value: £149,938.80

Bytes Technology Group (BYIT)

Director name: Mudd,Sam

Amount purchased: 25,425 @ 391.34p

Value: £99,498.19

Bytes Technology Group (BYIT)

Director name: Persson,Anna Vikstrom

Amount purchased: 13,000 @ 385.54p

Value: £50,120.60

Bytes Technology Group (BYIT)

Director name: Smedt,Patrick De

Amount purchased: 12,800 @ 390.97p

Value: £50,044.29

Bytes Technology Group (BYIT)

Director name: Paterson,Ross

Amount purchased: 10,122 @ 393.08p

Value: £39,787.38

Top Director Sells

Petrotal Corporation Npv (di) (PTAL)

Director name: Zúñiga-Pflücker,Manuel

Amount sold: 2,000,000 @ $0.67

Value: $791,360.11

Frontier Developments (FDEV)

Director name: Braben ,David John

Amount sold: 10,000 @ 373.50p

Value: £37,350.00