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PARKD non-executive director shows faith in company through share purchase

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

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Shares last traded at 10 cents a share

PARKD Ltd (ASX:PKD) non-executive director Robert Martin has shown confidence in the company through an on-market share purchase.

Martin acquired 25,000 indirect ordinary shares and now holds 491,123 direct as well as 25,000 indirect ordinary shares. 

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

Last month the company signed an MoU aimed at developing, refining and improving a critical concrete panel component for the company’s innovative lightweight modular car parking systems.

The 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.

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

On May 1 non-executive chairman Bronte Howson acquired 67,409 shares and now holds almost 6.34 million shares in indirect interest.

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

Quick facts: PARKD Ltd

Price: 0.071 AUD

ASX:PKD
Market: ASX
Market Cap: $5.34 m
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