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.