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Parkd non-executive chairman buys more shares on market

The purchase has increased Bronte Howson’s total holding in the company to 6,272,474 ordinary shares.

Parkd system
Parkd systems are modular, cutting down build time on-site

Parkd Ltd (ASX:PKD) non-executive chairman Bronte Howson has purchased 128,588 shares through on-market trades.

This purchase has increased Howson’s total holding in the company to 6,272,474 ordinary shares (direct and indirect interests).

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

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

The company recently received $690,000 after the Subaru dealer in Perth, City Subaru, exercised its option to purchase the car park built by Parkd in August last year.

City Subaru decided to purchase the car park due to several transformational outcomes demonstrated in the trial period.

These include an increase in cars being sold and serviced and higher levels of customer satisfaction through increased parking availability.

READ: Parkd adds Mazda dealer to carpark client list with $2 million contract

The swift build time of Parkd’s system has the potential to help companies who have delayed building a multilevel carpark at their sites rein in the loss of income experienced during construction time.

Quick facts: PARKD Ltd

Price: 0.08 AUD

Market: ASX
Market Cap: $6.01 m

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