Proactive Investors - Run By Investors For Investors

PARKD gains new substantial holder; Bronte Howson buys more shares

Former Automotive Holdings Group boss Bronte Howson has increased his stake in PARKD to 8.47% from 7.42%.
car parking system
PARKD has developed an innovative lightweight concrete car parking system

PARKD Ltd (ASX:PKD) has a new substantial shareholder in prominent professional investor Bryant Mclarty, who holds a 5.64% stake.

Bryant McLarty is the executive chairman of Mac Equity Partners, a boutique Western Australian stockbroking and corporate advisory business operating since 2009.

Existing substantial holder, former Automotive Holdings Group (ASX:AHG) boss Bronte Howson, has increased his stake in PARKD to 8.47% from 7.42%.

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

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

The MoU with Reinforced Earth Pty Ltd (REPL) will see the parties work together for co-development and improvements of PARKD’s transportable concrete panels.

Continuous improvement strategy

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.

If the quality of the product manufactured and supplied by REPL is suitable, both companies expect to proceed to an exclusive agreement whereby REPL will manufacture and supply PARKD’s transportable panels for future projects globally.

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

View full PKD profile View Profile

PARKD Ltd Timeline

Related Articles

uBUCK graphic
July 06 2019
The company operates 1SHIFT Logistics, a software platform that enables brokers, shippers, and carriers to track shipments and settle payments in real-time without having to micromanage individual drivers. It also owns uBuck Technologies, a subsidiary that is revolutionizing payment in the shipping industry.
Two puzzle pieces lined up but separate
May 01 2019
The company is executing changes to its main undertaking to become Dataglobal.
Servers
May 17 2019
The company also provides the infrastructure for the Internet of Things, targeting businesses that construct data centres and smart buildings

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use