logo-loader
PARKD Ltd

PARKD director snaps up shares on market

PARKD has developed an innovative lightweight concrete car parking system.

man with head cut off by photo
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: $0.07

Market: ASX
Market Cap: $5.26 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of PARKD Ltd named herein, including the promotion by the Company of PARKD Ltd in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

2 min read