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.
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.
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.