(Sharecast News) - Argo Group revealed on Thursday that chief executive officer Kyriakos Rialas had disposed of 8.76m ordinary shares in the London-listed underwriter.

Rialas, who took over as CEO in 2018, sold the shares at an average price of 5.00p each, for a total value of £438,418.16.

As of 1630 GMT, Argo Group shares had sunk 46.09% to 3.10p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Bhp Group Limited Npv (di) (BHP)

Director name: Weisler,Dion

Amount purchased: 2,500 @ $40.48

Value: $53,563.62

International Biotech Trust (IBT)

Director name: Henderson,Alexa

Amount purchased: 6,996 @ 711.06p

Value: £49,745.83

Gcp Infrastructure Investments Ltd (GCP)

Director name: Brown,Ian

Amount purchased: 46,116 @ 75.89p

Value: £34,999.65

Pacific Assets Trust (PAC)

Director name: Ang ,June

Amount purchased: 10,000 @ 343.28p

Value: £34,328.00

Tate & Lyle (TATE)

Director name: M. Fish,Glenn

Amount purchased: 4,000 @ $6.99

Value: $23,047.75

Gran Tierra Energy Inc. (cdi) (GTE)

Director name: Guidry,Gary

Amount purchased: 3,587 @ $5.73

Value: $16,948.55

Wynnstay Group (WYN)

Director name: John Ellwood,Stephen

Amount purchased: 1,500 @ 328.40p

Value: £4,926.00

Top Director Sells

Argo Group Ltd. (ARGO)

Director name: Rialas,Kyriakos

Amount sold: 8,768,363 @ 5.00p

Value: £438,418.16

Property Franchise Group (TPFG)

Director name: Brook,Michelle

Amount sold: 8,788 @ 438.50p

Value: £38,535.38