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PARKD Ltd

PARKD non-executive director acquires shares on market

The construction technology company has developed an innovative lightweight concrete car parking system.

PARKD car park system
The company's shares last traded at 12 cents.

PARKD Ltd’s (ASX:PKD) non-executive director Robert Martin has purchased more than 234,000 shares in the company valued at $28,096 through on-market trades.

This increases his holding in the company to 491,123 shares.

Earlier this month PARKD received $690,000 from City Subaru Perth to purchase the car park built by the company in August last year.

City Subaru decided to purchase the site due to several transformational outcomes demonstrated in the trial period which included an increase in cars being sold and serviced as well as higher levels of customer satisfaction through increased parking availability.

READ: PARKD receives $690,000 from City Subaru Perth for first relocatable car park in Australia

PARKD managing director Peter McUtchen said at the time: “It is great to see City Subaru realise new potential in their business through the construction of the PARKD car system.

“We look forward to exploring and progressing opportunities on further sites around WA and Victoria.”

Quick facts: PARKD Ltd

Price: $0.07

Market: ASX
Market Cap: $5.34 m
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