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PARKD Ltd

PARKD director continues to show support through another on-market purchase

The company has intellectual rights to aspects of an innovative lightweight concrete ‘modular’ car parking system.

PARKD modular car park
The PARKD system is prefabricated offsite to reduce construction time and cost

PARKD Ltd (ASX:PKD) non-executive director Robert Martin continues to demonstrate his support for the company with a third on-market purchase of shares ithis month.

Martin purchased 13,095 shares on Wednesday and now holds a total of 567,466 shares in indirect interests.

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

The latest acquisition follows two other transactions this month, including the purchase of 38,248 shares earlier this week and 25,000 shares last week.

The company has also recently received a $470,000 boost through an R&D cash refund under the Federal Government’s R&D Tax Incentive Scheme.

READ: PARKD receives $470,000 boost through R&D cash refund

The refund relates to the costs of research and development during the 2018 financial year, which qualifies as eligible R&D expenditure under the scheme.

Funds received will be used to enhance the company’s efforts in maximising contract revenue from construction, consulting and design services of its innovative lightweight modular car parking system.

 

Quick facts: PARKD Ltd

Price: $0.07

Market: ASX
Market Cap: $5.26 m
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