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Parkit Enterprise Inc (PKT.V)

PKT.V on TSX Venture Exchange

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27 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Parkit Enterprise announces suspension with pay of CEO, CIO & CFO
Thursday, 2 Jun 2016 07:31pm EDT 

Parkit Enterprise Inc : Parkit Enterprises Inc. suspends Richard Baxter, Patrick Bonney And Simon Buckett as officers and announces engagement of advisors . Says suspends with pay Richard Baxter, president and chief executive officer . Board has engaged Bryan Wallner, who is one of current independent directors of board, to serve as interim CEO . Board took this step due to concern that dissident officers are conflicted,unable to properly exercise fiduciary duties . Says suspends with pay Simon Buckett, chief financial officer . Says suspends with pay Patrick Bonney, chief investment officer of parkit .Board has engaged Nigel Kirkwood to serve as interim CFO during suspension period.  Full Article

Parkit Enterprise Inc acquires Nashville Off-Airport Facility
Monday, 2 Nov 2015 09:00am EST 

Parkit Enterprise Inc:Says its joint venture PAVe LLC acquired Fly Away Airport Parking, a 1,140 stall, 8.5 acre facility servicing the Nashville International Airport.Says US$8.0 million acquisition was completed with $5.4 million of financing at LIBOR plus 230 basis points, amortizing for periods up to 25 years.  Full Article

Parkit Enterprise Inc announces joint venture
Wednesday, 22 Apr 2015 05:44pm EDT 

Parkit Enterprise Inc:Announces the formation of a joint venture investment vehicle that will seek to acquire and aggregate up to about $500 million in income-producing parking assets.Parkit's equity partner in the joint venture is an affiliate of Och-Ziff Real Estate, a real estate private equity firm based in the United States.Joint venture will seek to deploy its capital resources within a three to five year period, and optimize cash flows through the implementation of leading technology and industry best practices.  Full Article

Parkit closes $18,600,000 acquisition
Monday, 29 Sep 2014 09:31am EDT 

Parkit Enterprise Inc:Closes Expresso Airport Parking acquisition (Expresso), previously announced on April 7.Says for total purchase price of $18,600,000.  Full Article

BRIEF-Parkit Enterprise announces suspension with pay of CEO, CIO & CFO

* Parkit Enterprises Inc. suspends Richard Baxter, Patrick Bonney And Simon Buckett as officers and announces engagement of advisors

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