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PARKD non-executive director shows confidence in company through on-market purchase

Last month the company signed an MoU aimed at improving the concrete panels used in its innovative modular parking systems.

PARKD system
The company has developed a lightweight modular parking system

PARKD Ltd (ASX:PKD) non-executive director Robert Martin continues to demonstrate his faith in the company's innovative modular parking strategy with the purchase of further shares in an on-market transaction.

Martin acquired a further 38,248 shares on May 10 and now holds a total of 554,371 shares in direct and indirect interests.

READ: PARKD non-executive chairman shows faith in company through on-market transaction

The latest transaction comes hot on the heels of the director last week acquiring 25,000 shares on-market and follow a recent acquisition by non-executive chairman Bronte Howson of more than 67,400 shares.

Shares are today trading at 9.5 cents a share.

In April PARKD appointed Len Trencone to the newly created role of chief financial officer.

Troncone was instrumental in the development and delivery of shareholder value in post IPO years at United Group Limited and Decmil Group Limited, formerly Paladio Group Limited.

PARKD managing director Peter McUtchen said: “Len is out of the construction phase – he’s been fundamental for the growth of United Group back in the day [and] he set the basis for get them to advance to an ASX100 company.

“His most recent appointment was with a Perth-based business where he took them to a sale last year, so that was a really successful end to his role in that company.”

Quick facts: PARKD Ltd

Price: 0.075 AUD

ASX:PKD
Market: ASX
Market Cap: $5.64 m
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