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2.4¢ parkd ltd

Reminder on the Subaru car park

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huabamane

1,047 Posts.

133

12/09/18

16:14

Post #: 35553932
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Just went back and had a look through the prospectus to refresh my memory and the terms of the Subaru car park. Thought I'd share it here as a refresher. The announcement for practical completion was on 29/8/18, so 6 months after completion would be 1 March 2019.
I've seen the dealer posting on Linkedin that he is happy, but ultimately we'll have to see if he will purchase it.

The Company will construct the car park at no cost to the Subaru dealer. The Company will own the car park and will provide the car park to the Subaru dealer for its exclusive free use for 6 months from practical completion. During this 6 month period the Subaru dealer has an option to purchase the car park for $690,000 plus GST. In the event that the Subaru dealer does not exercise the option, the Company intends to remove the car park at its cost, make good the relevant land and retain ownership of the car park.

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PKD Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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