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PARKD non-executive chairman shows faith in company through on-market transaction

Bronte Howson has increased her holding in the construction technology company to almost 6.34 million shares.
Australian bank notes
The company has created an innovative modular, multi-storey car park structure

ParkD Ltd’s (ASX:PKD) non-executive chairman Bronte Howson has demonstrated her confidence in the company’s construction technology strategy by acquiring shares on-market.

On May 1 Howson acquired 67,409 shares and now holds almost 6.34 million shares in an indirect interest.

This transaction follows a series of on-market transactions earlier in the year in which the chairman acquired 128,588 shares.

READ: PARKD non-executive director acquires shares on-market

Last month, non-executive director Robert Martin purchased more than 234,000 shares valued at $28,096 through on-market trades, increasing his holding to 491,123 shares.

The construction technology company has created an innovative modular, multi-storey car park structure called the PARKD Car Park System.

READ: PARKD signs MoU aimed at improving panels used in modular parking systems

PARKD recently signed an MoU aimed at developing, refining and improving a critical concrete panel component of the modular systems.

This non-binding MoU with Reinforced Earth Pty Ltd (REPL) will see the parties work together for co-development and improvements of PARKD’s Transportable Concrete Panels.

At first the collaboration will focus on improving concrete design, production techniques and cost efficiencies with the intention to manufacture and test the panel against a number of industry benchmarks.

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