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PARKD director snaps up shares on market

PARKD has developed an innovative lightweight concrete car parking system.

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The company recently appointed its CFO Len Troncone to take on the role of CEO

PARKD Ltd (ASX:PKD) non-executive director Robert Martin has purchased 80,983 shares for $7,293 through on-market trades.

This purchase increases his overall holding in the company to 648,449 shares.

PARKD is a construction technology company that has developed an innovative lightweight concrete modular car parking system.

The car park system was developed by the founders of the business after identifying a niche market for a flexible structure that has the ability to be cost effective, reusable and easy to construct for use initially in the retail car dealership industry.

READ: PARKD reshuffles management, Troncone now CEO

Earlier this month, PARKD appointed Len Troncone as its CEO while Peter McUtchen stepped down as managing director to assume the role of chief operating officer (COO).

Troncone will retain his CFO duties and McUtchen will remain a board member.

Troncone said: “Since joining PARKD two months ago, I have recognised that the opportunities brought to the company by Peter and the team at PARKD represent an exceptional platform on which to build a strong enterprise to deliver shareholder wealth.

“I am very excited to lead the company in this next phase to extract value from its technology and other commercial transactions.”

Quick facts: PARKD Ltd

Price: 0.032 AUD

ASX:PKD
Market: ASX
Market Cap: $2.4 m
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