(Sharecast News) - Bango revealed on Friday that chairman Raymond Anderson had disposed of 600,000 ordinary shares in the AIM-listed commerce platform operator.

Anderson, who co-founded Bango in 1999, offloaded the shares on Thursday at an average price of 231.50p each, for a total value of £1.38m.

Following the sale, Anderson has a direct interest in 5.8m ordinary Bango shares, representing approximately 7.59% of the company's issued share capital.

As of 1555 GMT, Bango shares were down 1.23% at 231.12p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Jubilee Metals Group (JLP)

Director name: Oliveira,Ollie

Amount purchased: 326,000 @ 9.11p

Value: £29,711.64

Britvic (BVIC)

Director name: Durant,Ian

Amount purchased: 3,075 @ 810.30p

Value: £24,916.72

Jubilee Metals Group (JLP)

Director name: Coetzer,Leon

Amount purchased: 270,000 @ 9.10p

Value: £24,570.00

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Director name: Quint,Daniel

Amount purchased: 50,000 @ 35.50p

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Director name: Court ,Martin

Amount purchased: 8 @ 1,876.50p

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Superdry (SDRY)

Director name: Dunkerton,Julian

Amount purchased: 1 @ 111.80p

Value: £1.12

Top Director Sells

Bango (BGO)

Director name: Anderson, Ray

Amount sold: 600,000 @ 231.50p

Value: £1,389,000.03