Welcome, ladies and gentlemen. Today, we are very pleased to welcome you to our virtual Annual General Meeting. I am Nick Falloon, Chairman of Domain. I'm hosting this meeting from the Wesley Conference Center in Pitt Street, Sydney. From here, I acknowledge the traditional lands of the Gadigal people of the Eora Nation. I also acknowledge the traditional custodians of the various lands on which you're attending this meeting today, and the Aboriginal and Torres Strait Islander people participating in this meeting. I pay my respects to elders past, present, and emerging. Due to the ongoing health risks arising from the coronavirus pandemic, we thought it prudent to again take steps to discourage a physical public gathering and encourage attendance online. We hope that holding a virtual meeting will assist further curb the spread of the coronavirus and encourage greater participation and encouragement among our shareholders going forward. I'm joined in person by Managing Director and Chief Executive Officer, Jason Pellegrino. The remainder of the directors are participating virtually. From left to right, Diana Eilert and Greg Ellis, who are seeking re-election today. Mike Sneesby, who is seeking election at the first AGM since his appointment. Geoff Kleemann and Lizzie Young. Now for the meeting formalities. Notice of the Meeting was duly given, and the meeting has been properly convened. I note that there is a quorum present, and I declare the meeting open. We will turn to the resolution shortly. Please note that only shareholders, proxy holders or shareholder company representatives may vote. The agenda for the meeting will be as follows. I will give a short welcome address. I will then invite the CEO to give the business review. We will then conduct the formal business of the meeting, which includes the resolutions of the meeting. Voting on the resolutions will be conducted by way of a poll. I will shortly explain how you can vote. Please also refer to the virtual meeting online guide available on Domain's shareholder center or use the helpline specified. We invited shareholders to submit questions prior to the meeting. Those questions that were received in advance will be addressed during my address or the CEO's address, or otherwise at the relevant point during the meeting. I also expect that a number of shareholders may want to ask questions during the meeting today. Shareholders participating online through the virtual meeting website can ask questions at any time during the meeting by clicking on the Ask Question button, typing their question into the space provided, and clicking the Submit button. The space for questions is limited to around 500 characters, so please ensure that you write your questions succinctly. While provision was made for shareholders to dial into the meeting and ask questions by phone, I can confirm that no shareholders have registered to participate by telephone and therefore there will be no questions via telephone during the meeting. Questions that are submitted online will be read out to me at the relevant point in the meeting by Domain's Company Secretary, Catriona McGregor. There may not be sufficient time available to address all the questions raised in the meeting, and we may also combine questions where we receive a number that are of a similar nature. I encourage shareholders attending online and who have questions to submit their questions as soon as possible. I will formally call for a poll on each of the resolutions to be considered at this meeting, and I now declare the polls open. The polls will remain open until the end of the meeting. As mentioned earlier, shareholders and proxy holders are able to cast your vote using the electronic voting card received following validation of your online registration. You may vote on any resolution at any point during the meeting. You can edit your vote at any time during the meeting while the voting is still open by clicking on the Edit Card button. At the conclusion of the meeting, a red bar with a countdown timer will appear at the top of the webcast and slide windows advising the remaining voting time. Results of the vote on each resolution will be communicated to the ASX later today. I will now move on to the Chairman's Address. Ladies and gentlemen, thank you for joining us today and for your ongoing support of Domain. During the 2021 financial year, Domain delivered a very pleasing performance despite the constantly changing circumstances associated with the COVID-19 pandemic. In this uncertain environment, Domain maintained the pace of the business model evolution. This approach has positioned the company to maximize the recovery in property market activity while building long-term growth opportunities. For the 2021 financial year, excluding significant items, Domain reported revenue of some AUD 289.6 million, an increase of 10.7%, benefiting from the improved listing environment and a solid growth in Domain's depth of premium penetration. Earnings before interest, tax, depreciation, and amortization, EBITDA, was AUD 100.6 million, an increase of some 21%. Earnings per share of AUD 0.065, an increase of 66%, and a dividend of AUD 0.04 per share. Net debt of AUD 79 million, which represents a leverage ratio of 0.8x EBITDA. As a result of the increased confidence in the property market outlook and the robust performance of the business, the Board made the decision to repay grants in FY 2021 from the federal government's JobKeeper scheme. This will reduce FY 2022 EBITDA by some AUD 5.7 million. Domain's leading property technology and services business is evolving to a marketplace model designed to make our solutions work better together and expand our addressable markets. Our impressive platform benefits from powerful property brands, large engaged audiences across digital, social, and print, effective listings parity, and leading technology solutions. Our cohesive ecosystem of services includes Core Listings, which connects Domain's audience with properties and agents, Agent Solutions, which helps agents grow their businesses, Consumer Solutions, which deliver direct-to-consumer services such as home loans and insurance, and Property Data Solutions, which provide actionable and customer-centric solutions to agents, consumers, government, and non-real estate clients. This model supports agents and consumers at more points of their property journeys and fulfills Domain's purpose to inspire confidence in all of life's property decisions. Domain's Better Together approach is a strategic differentiator, which maximizes value through close collaboration of the four elements of our marketplace. Each of these solutions is creating competitive advantages by implementing a differentiated strategy. These competitive advantages are further magnified when combined into a cohesive marketplace ecosystem. Jason will provide further details during his address. Domain is committed to progressing our environmental, social, and governance practices to deliver sustainable value to all our stakeholders. As a people-based business, we aim to be home for everyone. Diversity and inclusion are prioritized as we are united by our purpose and values. We have recently launched a new employee value proposition to help us attract and retain great staff. For FY 2022, we have committed additional resources to ESG initiatives and will extend the measurement of our environmental footprint and establish a plan to achieve carbon neutrality. In closing, I'd like to thank my fellow board members for all they contribute to Domain. We all benefit from their guidance, expertise, and experience. On behalf of the Board, I would like to thank all of our talented people for their dedication and hard work in continued challenging circumstances. I'd like to acknowledge Jason and his Leadership Team for their exceptional efforts and agility in navigating an ever-changing environment. Domain has emerged even stronger than from the challenging circumstances of recent years and is well-placed to deliver on the opportunities ahead. Finally, I'd like to thank all of you, our shareholders, for your continued support. We'll now screen a short video, after which Jason will provide a business review. Thank you. Action! Domain property guru Alice Stolz and I are getting set for the first open for inspections of the year, and I reckon that storm is about to hit. Morning. Today marks the first Domain open for inspections. Domain, the only app where people get to see all of your property listings in the weeks to come. Domain is an incredibly powerful tool when it comes to marketing your property, and you will also win the cover of Domain Magazine if you win the Domain Superpower. Nice. It is a nine. Our Domain Listings Challenge. Domain Superpower Leaderboard. Price range between AUD 4.2 and AUD 4.5. Oh, good. That's amazing. A solid start to spring for the Sydney markets. 262 homes were sold, and the clearance rate is 84% according to Domain. While interest rates are low, have you checked in to make sure you're getting a great rate or are prepared to make that winning offer? In Melbourne, Alice Stolz, National Managing Editor of Domain. It's been a really incredible period for property. Thanks, Nick. Good morning, everyone, and thank you for joining us today. As Nick outlined in his address, the implementation of our marketplace strategy positioned Domain to benefit strongly from the recovery in property listing volumes in the second half of FY 2021, while building for the future in a disciplined and purposeful way. Despite the uncertainties associated with COVID-19 lockdowns, Domain's performance is an encouraging indication of the underlying resilience of the business and the talent and hard work of our team. This slide highlights the progress we have made across our four elements of our marketplace strategy during FY 2021. Our Core Listings delivered an 11% increase in controllable residential yield and record depth penetration, driving a 31% increase in core digital EBITDA on a like-for-like basis. We reached a new record unique digital audience of more than 9 million. Our Agent Solutions achieved a 157% increase in like-for-like revenue at Real Time Agent. Strong growth at our flexible and payments platform, MarketNow, and full ownership of Homepass, providing the opportunity to accelerate product innovation. In Consumer Solutions, we delivered a 33% increase in new accounts at Domain Home Loans and increased momentum at the year-end with increased conversion and new management. In Property Data Solutions, we accelerated investment to grow our data capability, significantly expanding our LeadScope trial to deliver strategic agent partners predictions of properties that are expected to come to market. We accelerated investment in data capability to support unique products and insights. This strategy has continued into FY 2022 with the recent acquisition of Insight Data Solutions, which I'll discuss later in this presentation. Core Listings is the largest element of our marketplace model and connects Domain's quality engaged audiences with properties and agents across the digital, print, and social. Domain's audiences reached a new record across print and digital, increasing 23% year- on- year. The chart illustrates our achievement of effective listings parity, which means we have virtually all properties on our platforms. While total residential listings reduced due to the increased sales velocity, our revenues are driven by new listings, which increased for the first time since FY 2017. The chart on the left of this slide shows the considerable new listings volatility over the past three years. FY 2021 experienced a very strong fourth quarter as the market cycled the COVID lows in the prior year. New listings growth has continued into FY 2022 first quarter, despite the impacts of widespread lockdowns in Sydney and Melbourne. While this market recovery has been very welcome, as a management team, our focus is on the elements of our business over which we have some control. On the right of this slide is illustrated Domain's controllable yield, which measures the price and take-up of our depth or premium listings by agent customers. It is very pleasing to see the acceleration in our controllable yield between FY 2020 and FY 2021, and the very strong start to FY 2022 in the first quarter. This success in controllable yield is a direct result of our targeted micro market strategy, which customizes our approach to price and depth for each market. This slide shows Domain's performance in depth penetration in the first quarter of FY 2022, compared with the previous two years. Despite the extensive lockdowns in Sydney and Melbourne, total depth penetration increased in every state to reach a new record. The growth in our highest tier Platinum product is particularly notable, also increasing in every state to a new record. Despite this very positive performance, we remain confident about the considerable opportunity for depth penetration to grow further. Agent Solutions provides business solutions to help agents grow their businesses. We build on our long-term and trusted relationships to help agents find and win the next listing, market and sell the property quickly for the best possible price, run an efficient and profitable business, and differentiate their brand and attract and retain talent. Domain's purpose is to inspire confidence in all of life's property decisions. This slide illustrates our solutions for each step of the agent journey, supported by our trusted relationships. Domain's Agent Solutions include Real Time Agent's market-leading product suite and payment solutions provider, MarketNow. RTA's strong FY 2021 performance is being maintained into the first quarter of FY 2022, with revenue up 96% year-on-year. MarketNow launched a year ago and is experiencing pleasing momentum in activated agents through FY 2021, with continued strong growth into the new financial year. I'd like to share with you some of the highlights of our Agent Solutions. If I was to recommend MarketNow to anyone, it would be around the flexibility. Sitting in front of a client, and then being able to offer that flexibility has been an absolute game changer to our business. The RTA is absolutely pivotal to my business. I have everything there, so if someone wants to sign up their property, we're there ready to go. Streamlined, that is the word. Absolutely streamlined it for us. Homepass is something I use all the time. It is just a really good way to communicate and be in touch with my buyers. Get people through open homes like that. As an agent and as an owner of the business, the major things for me have been the efficiencies through COVID. We've been able to transact during those difficult times. Our office has almost gone paperless for all authorities and contracts, so we're saving money and time. Consumer Solutions delivers direct-to-consumer services spanning home loans, insurance, and other services. Our collaboration with specialist providers has created digital platforms which are a key competitive advantage in meeting consumers' preferred modes of interaction. Domain Home Loans joint venture with Lendi is a recipient of industry-leading customer reviews and product awards. Domain's purpose to inspire confidence for all of life's property decisions is reflected in the solutions we provide to consumers at every step of their property journeys, extending our relationship from the six-month-long property search period to the decade-long ownership cycle. Domain Home Loans ended FY 2021 with improving conversion metrics, scaled-up head count, and a new management team. This is driving a significant uplift in FY 2022 first quarter performance, with loan settlements up 77% year on year. Property Data Solutions leverages timely and accurate property data to provide actionable and customer-centric solutions throughout Domain's ecosystem. Pricefinder and Australian Property Monitors have a multi-decade track record, and as mentioned previously, we have recently significantly expanded our data footprint with the acquisition of Insight Data Solutions. IDS establishes Domain as the market leading provider of land and property valuation, insights, and analytics services to the government sector. IDS's platforms, workflows, tools, and property analytics allow governments to make more timely, accurate, and nuanced decisions regarding land valuations, land use, tax policy, and revenues. The acquisition will allow Domain to support IDS to keep innovating and expanding into new markets and geographies. Domain's differentiated data strategy delivers value through a continuous feedback loop. Data underpins the proprietary insights and solutions which we deliver to our customers through our workflow platforms. Utilization by our customers and assessment of performance feeds back into our unique data sets, supporting constant quality and accuracy improvements. As mentioned on the previous slide, the acquisition of IDS expands Domain's addressable markets to add government to our ecosystem, which already included consumers, agents, and financial institutions. Nick spoke earlier about Domain's better together approach as a strategic differentiator that maximizes value through the close collaboration of our marketplace solutions. This slide provides examples of how this approach works in practice. Our smarter prospecting tool, LeadScope, combines agent solutions and property data solutions to help agents capture a greater proportion of listings from their own databases. This differentiated approach means that agents can reduce time spent on cold calling and can focus on growing their businesses. MarketNow and Early Access are our new innovative products, which leverage core listings and agent solutions. MarketNow helps vendors manage their cash flows and encourages new listings. Early Access allows agents to start marketing a property very early in the sales process to build momentum and enable a better sales outcome. Domain Home Loans benefits from the combination of core listings and consumer solutions to provide high-intent consumers with access to finance at the relevant stage of their property journeys. The implementation of our marketplace strategy supported Domain's strong FY 2021 performance in a period of considerable uncertainty. We're excited about the platform we have established to drive long-term growth and continue to aspire to inspire confidence for all of life's property decisions. Turning now to the current trading environment and outlook. Trading in FY 2022 Q1, which is July 1 to September 30, 2021, saw digital revenue up around 18% year-on-year, and total revenue up around 20% year-on-year, reflecting the resumption of print publishing activities. The outlook for the spring selling season is encouraging, underpinned by strong growth in controllable yield and the easing of lockdowns. We will maintain our disciplined investment approach to accelerate our marketplace strategy while retaining a commitment to margin expansion on an ongoing cost basis. For FY 2022 ongoing costs, including a step up from the acquisition of Insight Data Solutions, are expected to increase in the low double-digit range from the FY 2021 ongoing expense base of AUD 195.5 million, which excludes JobKeeper and Zipline. FY 2022 trading costs will include the impact of JobKeeper repayment of AUD 5.7 million and Zipline expenses. FY 2022 year-on-year cost growth is expected to be higher in H1 than H2. H1 year-on-year ongoing cost growth will be impacted by the timing of onboarding of new staff and resumption of print publishing. H1 year-on-year trading cost growth will be further impacted by FY 2021 JobKeeper and Zipline benefits reversing to expenses in FY 2022. Thanks for your interest and attention and your support of Domain. I'll now hand back to Nick to conduct the formal business of the meeting. Thank you, Jason. We'll now move to the formal business of the meeting. More than 533 million proxies were received by the company for this meeting. That is approximately 91% of total shares on issue. Where undirected proxies have been given in favor of the chair for a resolution, I will vote those proxies in favor of the resolution, as was indicated in the Notice of Meeting. A copy of the company's constitution can be viewed on the company's shareholder center at shareholders.domain.com.au, together with the Notice of Meeting. The first item of business is the financial statements and reports which are for consideration and discussion. The Annual Report contains the financial accounts for the group, the reports of the directors and auditors, corporate governance report, and other information about the business performance of our company. The company's auditor for the financial year June 2021, Ms. Jodie I nglis from Ernst & Young, is available today to answer any shareholder questions in respect of the audit. I also note that the auditor has not received any written questions from members. We now welcome shareholders to ask questions or make comments on the management of the company or ask questions of the auditor. If you have a question, please submit it via Ask a Question button on the virtual meeting website. Catriona, are there any written questions? There are no questions in relation to the financial statements. Sorry? There are no questions in relation to financial statements. Okay. As there are no questions on this matter, that concludes the discussion on the financial statements and reports. We'll now move on to the resolutions. Resolution 1 is the adoption of the company's Remuneration Report, which is set out in the Annual Report. The resolution is now on the screen. Under the Corporations Act, shareholders are entitled to an advisory vote on the Remuneration Report. On your screen is the proxy count and the voting directions received before the meeting for this resolution. I declare the resolution open for discussion. If you have a question, please submit it via Ask a Question button on the virtual meeting website. Catriona, are there any questions yet? I have two questions on the Remuneration Report. Both have come in from Stephen Mayne, so I'll read those questions directly. In 2017, our Chairman, Nick Falloon, presented to various bankers that Fairfax was aiming for Domain to deliver EBITDA of AUD 185 million in financial year 2020 to 2021. How did we only achieve AUD 106 million when the business generated AUD 120 million of EBITDA the year before the float? Have we really delivered no profit growth in four years? Thanks for the question, Stephen. You've got a better memory than me in terms of that three years back. Look, I think the clear question, it's a different business today. You've seen. I think the last three years, which are the three years you're talking about, probably the worst listing environment in terms of growth that we've seen in the property market. You know, that followed on from obviously you know the Royal Commission into banks and all of the things there. This business is built on volumes, listing volumes. You know, you've also had the pandemic in that period of time. I think the important thing to note is that the yield of this business is up significantly per listing. The business is in better shape. In that period of time, just off the top of my head, we've streamlined the business. We've sold a number of businesses that would have been in those numbers back. We sold those given things like MyDesktop, Home Connections, which has revenue as being slower growth businesses. We've refocused some of those resources into what Jason just talked about a minute ago, IDS most recently, but before that, Real Time Agent, as in faster growing businesses for the company. If the volumes of listings return to the levels that were back, we will see a significant uptick in those numbers. Off the top of my head, that's my recollection going back three years. I have a further question on the Remuneration Report, also from Stephen Mayne. Did any of the five main proxy advisors in the Australian market, ACSI, ASA, Ownership Matters, Glass Lewis and ISS, recommend a vote against any of today's resolutions, including the Remuneration Report? Which of the proxy advisors are covering us? And has there been a material proxy protest vote against any of today's resolutions? Will you disclose the proxy votes before the debates on today's resolutions so shareholders can ask questions if there have been any protest votes? Well, I think all five of those do follow us, Stephen. All five have recommended to their shareholders to vote in favor of all of today's resolutions. We don't. We have no recommendations against, as I recall, in any of those five. The other part of the question was? Whether or not the proxy votes have been disclosed, which they have. The proxy votes have been disclosed and are significantly in favor of all resolutions. That's the last question on the Remuneration Report. Thank you. As there are no more questions, that concludes discussion on this resolution. There are voting exclusions for this resolution. They are set out on page five of the Notice of Meeting. I'll be voting open proxies that I hold in favor of the resolution. Please vote by selecting either for, against, or abstain on your voting card on the virtual meeting website. Thank you. We'll now move on to the next item of business. Mr. Mike Sneesby was appointed to the Board on 21 April 2021. Mr. Sneesby has offered himself for election at this year's Annual General Meeting. In addition, having served as the directors of the company since 2017, Ms. Eilert and Mr. Ellis retire and seek re-election at this AGM. I note the Board unanimously supports the election of the directors standing today, with the relevant directors abstaining from recommending their own appointments. The qualifications and experience of each director are set out in the Notice of Meeting. Resolution 2 is the resolution to elect Mike Sneesby as a non-executive director. The resolution is now on the screen. I will now invite Mike to address the meeting. Good morning. I'm Mike Sneesby, Chief Executive at Nine, and it's been my pleasure to join the Domain board earlier this year. Prior to my role at Nine, I've had a long career in digital media and technology businesses, both in Australia and overseas, before leading the streaming company Stan from its inception to the established business it is today. As Chief Executive and Managing Director at Nine, I have the benefit of gaining a broad perspective across Australia's evolving media landscape, and I'm pleased to be able to bring this with me in working with my fellow Domain directors as well as the Domain management team. Thank you, Mike. On your screen is the proxy count and the voting directions received before the meeting for this resolution. I declare the resolution open for discussion. If you have a question, please submit it via the Ask a Question button on the virtual meeting website. Catriona, do we have any questions? I have one question on this resolution, also from Stephen Mayne. The question is, congratulations to Mike on his promotion to CEO of Nine Entertainment. Now Nine is currently capitalized at AUD 4.82 billion, and Nine's 59% stake in Domain is worth AUD 2 billion, with the stock at a record high of AUD 5.80. What is so special about 59%, and why hasn't Nine opportunistically bought or sold Domain shares during the ups and downs of the market? We could have topped up with another 3% at least. We could have topped up with another 3% at less than AUD 2 a share in April last year. Again, thank you for the question, Stephen Mayne. Hindsight's just a wonderful thing. If you go back 12 months, you may not have been experiencing, but the globe has been in a pandemic. If you go back 12, 18 months ago, this company was concerned as to what impact that pandemic was gonna have on the business. Look, hindsight's a wonderful thing. Nine will make its own decisions as to its shareholding in Domain, so I don't propose to answer that at this meeting today. Thank you for your question. Sorry, there's one more question? I have one more question, also from Stephen Mayne on this resolution. Could Mike comment on how much of his time he is spending on Domain, and how well he feels that he now understands the business relative to Stan, Nine's TV operation and the traditional Fairfax newspaper operation? Okay, I will attempt to throw to Mike, to answer that question, online. Over to you, Mike. Yeah. Thanks for that, Nick. I think I managed to pick up the full question, and thanks Stephen for the question. Look, clearly in, you know, the broader perspective of things that I'm covering, my time changes from a month-to-month basis. Needless to say, you know, the focus for me in creating value alongside my other Domain board members as well as the management team, enough time is being spent there. In the last six months, coming up to speed across the business, I would say there's been areas for me that have taken more of that time than less, but I feel very confident about where we are today. I feel very confident about the team and the time that I can spend going forward alongside my fellow directors at Domain. Thank you, Mike. That's the last question on this resolution. Okay. As there are no more questions on that resolution, that concludes discussion of this resolution. I will be voting all open proxies that I hold in favor of the resolution. Please vote by selecting either for, against, or abstain on your voting card on the virtual meeting website. Thank you. We will now move on to the next item of business. Resolution 3 is for the re-election of Diana Eilert. The resolution is now on the screen. I'm pleased to propose the re-election of Diana Eilert as a Non-Executive Director of the company. I will now invite Diana to address the meeting. Dear fellow shareholders, my name is Diana Eilert, and I've served on the board of Domain since the IPO in 2017. I'm delighted to offer myself re-election for a second term, and as an independent director. There are four key areas of expertise I bring to Domain. Firstly, extensive experience as an ASX director. I've held roles as a Non-Executive Director, Board Chair, Committee Chair, CEO or Group Executive with 10 ASX companies during my career. I've been through takeovers, mergers, sales, capital raising, and many business challenges, including four CEO successions. Secondly, I've experience in running large, complex consumer businesses. My executive career spans more than 25 years and includes roles as group executive for Suncorp's entire insurance business, a separate role as group executive for technology, people and marketing, and various profit center and operational roles during my 10 years with Citibank. Thirdly are the strategy skills I bring to Domain, which were developed in roles such as Head of Strategy and Corporate Development for News Corp, and as a principal with Kearney and a partner with IBM. Finally, my executive and board career are steeped in technology and digital disruption through taking financial services and insurance online to strategies for newspapers becoming digital, advertising moving from press and TV through to digital and now social and search. I've been a Chief Technology Officer, chaired technology committees, and now chair a global digital education platform. My skills complement those of the other board directors, and together we bring strong board leadership to the tremendous business and executive team of Domain. I look forward to your support for my re-election. Thank you. Thank you, Diana. On your screen is the proxy count and voting directions received before the meeting for this resolution. I declare the resolution open for discussion. If you have a question, please submit it via Ask a Question button on the virtual meeting website. Catriona, are there any questions? I have another question from Stephen Mayne. The question is, congratulations on the decision to repay the AUD 5.7 million in JobKeeper, which we didn't need and didn't qualify for. Could Diana comment on whether this is a decision imposed on us by 59% shareholder Nine, or something that the Domain board resolved independently? Could Mike Sneesby and Nick Falloon comment on whether it is correct that Nine chairman and former federal treasurer Peter Costello is a vociferous critic of JobKeeper and wanted public companies he was associated with to avoid it like the plague? Oh, look, thank you for the question, Stephen. I think I'll answer the question. Your question of whether we qualified or not, JobKeeper, when it was first brought in the sort of uncertainty of what the pandemic meant, we applied for it, and we did qualify for JobKeeper. This Board made the decision to return that JobKeeper. I think I'll leave the answer as that. Thank you for the question. I have a second question on this resolution, again from Stephen Mayne. Could Diana comment on whether she believes Domain could flourish as an independent company if Nine was to sell out, similar to the way that carsales has flourished since decoupling from Nine and SEEK has flourished since PBL sold its 25% stake? How dependent on Nine is Domain in her opinion? Thanks for the question, Stephen. I think the first- Just pause one moment, Diana. Sorry. Thanks for the question, Stephen. I think the first thing I'd say is that your independent directors are truly independent, and we meet separately at the end of every board meeting to discuss matters that are related to the Board that are also related to Nine. That's the first point to make. We certainly act independently of Nine's interests. Domain is a very strong business, and I think it would certainly flourish independently of Nine if Nine were to sell down. At the same time, as you've seen from the videos earlier on, we have tremendous opportunities working with Nine and leveraging our relationship with Nine. That's been a really powerful asset for this business. I think we feel without Nine, we have a tremendous future. Thank you for your question. On this resolution. Okay. That concludes the discussion on this item. I will be voting all open proxies that I hold in favor of the resolution. If you haven't already done so, please vote by selecting either for, against, or abstain on your voting card on the virtual meeting website. Thank you. We'll now move on to the next item of business. Resolution 4 is the re-election of Greg Ellis. The resolution is now on the screen. I'm pleased to propose the re-election of Greg Ellis as a Non-Executive Director of the company. I'll invite Greg to address the meeting. Hello, my name is Greg Ellis. I'm seeking re-election to the Domain board. To support that re-election, I can offer 30 years business experience. That experience has covered three major sectors, being telecommunications, marketplaces, and software. Since 2008, I've been CEO of marketplace and software businesses, and they've been both in the public and private sector. I can offer Domain shareholders expertise in business strategy, product and pricing strategy, and sales and operations, and throughout my career have been able to demonstrate sustained and significant shareholder value creation. Thank you. Thank you, Greg. On your screens is the proxy count and the voting directions received before the meeting for the resolution. I declare the resolution open for discussion. If you have a question, please submit it via the Ask a Question button on the virtual meeting website. Catriona, are there any questions? Yep, I've got a question here from Stephen Mayne. Greg Ellis made more than AUD 10 million during his time as CEO of REA Group. Does he retain any REA shares? Why does he only own 10,581 shares in Domain? Why not show some more confidence in the Domain business and get some serious skin in the game like what happened at REA? Greg? Hello. I hope everyone can hear me. Thanks for the question, Stephen. Well, it's interesting you refer to as only 11,000 shares, which I think the math is probably more than I ever owned at REA. That's the first point. The second point is associated with the adjustments that the company made to get through the global pandemic. There are additional shares that came to directors by way of offsets between cash salary and shares, and those shares vest very soon. My shareholding will actually go up above the 11,000 round figure shares that are already in possession from myself. Thank you. Any other questions, Catriona? I have a second question for Greg. From? Also from Stephen Mayne. Greg is a former CEO of REA, so has great visibility into the Australian property listings market. What is Greg's view on why REA is now capitalized at AUD 21.65 billion, 6.4x Domain's market capitalization of AUD 3.38 billion? Why haven't we bridged the gap during the period he has been on the Domain board? Thanks for that question again, Stephen. I forgot to answer your second question about REA shares. I don't hold any shares directly in REA. I do have money with professional fund managers. If they have shares at REA, I'm not aware of that. But certainly I don't hold any shares directly in REA to answer your other question. I think the question that you ask is an interesting question, Stephen, and should be more directly more directed at the analysts that cover the stock. REA is a very strong business and it's a market leader and but Domain is equally a very good business. The valuation disconnect there, do I think that REA is 10x more valuable than Domain? No, I don't. I think that's more a question for the investment community to answer, more than myself. Thank you, Greg. That's the last question on this resolution. That concludes the discussion on this item. I'll be voting all open proxies that I hold in favor of the resolution. If you haven't already done so, please vote by selecting either for, against, or abstain on your voting card on the virtual meeting website. Thank you. We'll now move on to the next item of business. The next item on the agenda is the Resolution 5 relating to the issue of performance rights to Domain CEO, Jason Pellegrino. The resolution is now on the screen. A detailed explanation of the proposed issue of performance rights is in the explanatory statements to the Notice of Meeting. There are voting exclusions for this resolution. They are set out on page six of the Notice of Meeting. On your screen is the proxy count and voting directions received before the meeting for this resolution. I declare the resolution open for discussion. If you have a question, please submit it via the Ask a Question button on the virtual meeting website. Catriona, any questions on this resolution? Got a question again from Stephen Mayne. Thanks for disclosing the proxies ahead of the debate on each resolution. Could Jason comment on how important this LTI grant is to keep him motivated? There's a second part to Stephen's question, but I think I'll ask it in the general business. If we could just focus on that part of the question for this resolution. Personally, I'm motivated and the leadership team at Domain is motivated by the opportunity to do something really special with Domain and bring the marketplace strategy to life in a way that meets the opportunities that are there. I think from an LTI perspective, I think alignment of interest between myself and shareholders and myself as a major shareholder, and that continues through to our sort of leadership team, is critically important. We're sitting there day in, day out, you know, focused on doing something really special, but we're also focused on the creation of shareholder value. I think that's firstly a fantastic alignment, and secondly is fantastically motivating for myself and the broader management team. That's the last question on that resolution. That concludes the discussion on this resolution. I will vote all open proxies in favor of the resolution. If you haven't already done so, please vote by selecting either for, against, or abstain on your voting card or on the virtual meeting website. Thank you. We now have reached the end of the formal business of this meeting. If you are still connected to the virtual meeting website and are considering your voting choices, please be mindful of the timer on the screen, which will indicate when the voting window has closed. The poll will close at the end of the voting window. Catriona, are there any other questions or comments shareholders wish to raise? I've got a couple of other comments or questions. I'll just come back to that second part of that question from Stephen Mayne. So he was asking, given the interesting discussions across a range of topics today, could the Chair undertake to make an archived copy of the webcast, plus a full transcript of proceedings available on the company's website? We do make a copy of the webcast available, and minutes are available to shareholders, but we don't make a full transcript available. Thank you. That's that question. We've got a couple of other questions in from Stephen. Why hasn't Domain ever run a moral campaign against REA, pointing out that it is controlled by the unethical Murdoch family, which backed Donald Trump and promotes climate denialism worldwide? Many property owners and real estate agents might switch their business from REA to Domain if the various News Corp atrocities were better known to them. Get on the front foot against the Murdoch bullies for once. Thank you for that piece of advice, Stephen. We at Domain are focusing on our own business and our own opportunities. Thank you for the suggestion. A further question: Was the AUD 120 million pre-float EBITDA forecast assisted by an increase in commissions Fairfax paid Domain for selling commercial real estate? Have these commissions subsequently been reduced to more sensible commercial levels? Could you increase transparency and disclosure about these intercompany dealings between Nine and Domain? We are very open about intercompany transactions, both when it was part of Fairfax and now that it's a shareholder of Nine. I think that question has been well and truly answered in the accounts, and we have those accounts audited by the auditors each and every year. Thank you. Another question also from Stephen Mayne. There was some media last year about Domain funding golf membership that was accessed by the chairman or a member of his family. Could the chairman comment on this situation along with one of the independent directors? Also, is it correct that the chairman's personal home featured on the cover of Domain? Was that appropriate, and was this fully disclosed at the time? Look, I can certainly comment on the golf membership, which does not relate to anything to do with Domain. It was simply a matter for the Nine company, where my son shared a membership there, and that's been well and truly covered. As to my recently selling my house successfully, I might add, to show the power of Domain's print and digital products, I went through an agent like most people do, and the agent recommended a marketing package and clearly, as Chairman of Domain figured largely in that. I took out a full package, and Domain has a policy that staff get some discount for using their products. That I think I was availed that it was handled via the agent, but I hope that answers your question. Thanks, Nick. Stephen had one more question, but it's of an administrative nature, and we'll take note of that, and that will conclude the questions. Sorry, I didn't quite hear that. He had one more administrative question, which we'll address for next year's meeting. There's no further questions for you to address. Thank you. in the meeting. That concludes the business of the meeting. I now declare the meeting closed, subject to the finalization of the poll. Please refer to the ASX or the company's shareholder center if you wish to see the results of the resolutions from today's meeting. Many thanks for joining us today at the AGM.