(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