Good morning, ladies and gentlemen, and welcome to Domain's 2024 Annual General Meeting. I am Nick Falloon, Chairman of Domain, and I'm hosting this meeting from the Domain Head Office in Pyrmont Street, Sydney. From here, I acknowledge the traditional lands of the Gadigal people of the Eora Nation, and I acknowledge the traditional custodians of the various lands on which we are 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. We are pleased to welcome our shareholders to Domain's offices today, in addition to welcoming those participating virtually on the online meeting platform and participants joining by phone. For our participants here at the meeting venue, some important details regarding this venue for your safety. In the unlikely event of an evacuation, you'll be notified by an audio emergency warning system. Use the emergency exits marked on the illuminated green exit signs exiting onto Piedmont Street and proceed to the assembly area in Union Square at the corner of Union Street and Harris Street. The amenities are accessed by the corridor adjacent to this room, and there are signs there. Light refreshments will be served at the conclusion of the meeting in the foyer area outside. I am joined today by my fellow directors, as well as Domain's Company Secretary and Chief Financial Officer. I'm pleased to introduce on my left the Chief Financial Officer, Peter Williams, Diana Eilert, Geoff Kleemann, our Company Secretary, Catriona McGregor, and to my right, the Chief Executive Officer, Jason Pellegrino, Matt Stanton, who is seeking reelection today, Mickie Rosen, who is seeking election today, Greg Ellis, who is seeking reelection today, and Rebecca Haagsma. Now for the meeting formalities. Notice of the meeting was duly given, and the meeting has been properly convened. I note there is a quorum present, and I declare the meeting open. The agenda for today's meeting will be as follows. I will provide some information on how eligible attendees can vote, comment, and ask questions at today's meeting. I'll give the Chairman's address. I'll then hand over to the CEO to give a business review. We will then conduct the formal business of the meeting, which includes the resolutions of the meeting. I will now explain how to participate in this hybrid meeting. Turning first to those who are attending the meeting in person, those of you who have joined us today at Domain's offices would have been given an attendance card when you registered on arrival. If you have a yellow card, you are a voting shareholder, proxy holder, or corporate representative, and have chosen to vote using the paper voting card. In addition to voting, you are entitled to ask questions and make comments at this meeting. If you have a blue card, you're a non-voting shareholder. While you're entitled to ask questions and make comments, you're not entitled to vote at this meeting. If you have a red card, you are a visitor and not entitled to speak or vote at this meeting. Attendees in the room with either a yellow or red card who wish to speak at the designated time are encouraged to raise their card and wait for a microphone attendant to join them before addressing the meeting. Attendees holding a yellow card are able to cast votes on each resolution at any time during this meeting by placing a mark in the for, against, or abstain box next to each of the resolutions on your voting card. Your cards will be collected at the conclusion of the meeting by attendees from our share registry provider, Link Market Services. If you didn't receive your voting card when you registered, please see one of the Link attendants who are located at the registration desk outside the room. I'll now provide some instructions specific to those attending the meeting via the online platform. You can refer to the virtual meeting online guide, which is found on the event calendar page on our shareholder site, for further instructions at any time during this meeting. For our virtual attendees, please be reminded that only shareholders, proxy holders, or shareholder company representatives may vote, comment, or ask questions at this meeting. You're able to ask questions at any time during the meeting by clicking on the Ask a Question button, typing your question into the space provided, clicking the Submit button. The space for questions is limited to around 500 characters, so please ensure you write your question succinctly. I encourage shareholders attending virtually to submit their questions as soon as possible. If you prefer to ask your question verbally using the telephone, you can phone Link on the number provided on page five of the virtual meeting online guide. Your shareholder status will be verified by the moderator. You will be placed in a queue and invited at the relevant time to ask your question over the telephone. Shareholders participating online through the virtual meeting platform can vote at any time during the meeting by selecting Get a Voting Card on the home screen of the meeting platform. 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. Finally, some instructions for all shareholders, proxy holders, and shareholder company representatives who are attending our hybrid meeting today and wish to ask questions. We'll take questions first from attendees in the room, followed by attendees on the virtual meeting platform, and then the phone. Questions that are submitted online will be read out to me at the relevant point in the meeting by Domain's Deputy Company Secretary, Amy Spira. We will attempt to address all questions in the time available to us today and may group questions that are similar in nature. Regarding voting, 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. Results of voting on each resolution will be communicated to the ASX later today. I will now turn to the Chairman's address. Ladies and gentlemen, welcome to Domain's 2024 Annual General Meeting. We value the ongoing support and engagement of our shareholders, and thank you for joining us today. The strategic progress of recent years positioned Domain to capture the benefits of an improving property market backdrop in FY24. National listings' year-on-year growth improved each quarter, underpinned by a strong recovery in Sydney and Melbourne, which largely reversed the substantial declines of the prior year. Through the changing market circumstances of recent years, we have maintained a consistent and disciplined approach, which is serving us well. Our cost structure has been responsive to short-term market conditions. However, we have never lost sight of the importance of investment in innovation to best position Domain for the long term. Our multi-year investment in machine learning, AI, and commitment to building proprietary data sets underpin our efforts to revolutionize how Australians experience property. For the 2024 financial year, Domain reported the following trading results, excluding significant items and discontinued operations: revenue of some AUD 391.1 million, a 13.1% increase from the prior year, reflecting an improved market environment and contribution of our marketplace strategy. Earnings before interest tax depreciation and amortization, EBITDA, of some AUD 137.1 million, a year-on-year increase of 26.2%, supporting a significant improvement in EBITDA margins. Earnings per share of AUD 0.078, an increase of 27.8%, and a total dividend of AUD 0.06 per share in line with the prior year. Net debt of some AUD 150.8 million, which represents a leverage ratio of 1.1 times EBITDA. Domain reported a statutory net profit attributable to members of AUD 42.4 million after taking into account significant items and discontinued operations. Significant items of some AUD 6.1 million related to restructuring charges and other items. At Domain, we're building a property marketplace with the platform to scale to a much larger business. Our core listings business is our largest growth engine, connecting Domain's quality engaged audience with agents, corporates across digital, print, and social platforms. We see the opportunity to supercharge core listings growth by diversifying our revenue base through our ancillary businesses and expanding our unique data and assets. These ancillary businesses comprise Agent Solutions, which support real estate agents to build profitable and sustainable enterprises through a range of digital workflow solutions. Consumer Solutions, which provide direct-to-consumer services related to the property journey, and Domain Insight, which delivers a broad array of high-quality and actionable property data to a wide range of users, encompassing agents, consumers, government, financial institutions, and corporates. The combination of Domain's powerful core listings business with our valuable ancillary solutions creates the platform for unique and differentiated only-on-Domain experiences. These experiences, in turn, attract more customers and generate additional data points, further supporting and strengthening the core listings business. This virtuous circle underpins our ability to accelerate the growth of our marketplace model and achieve the scale of our long-term aspirations. Domain recognizes the robust environmental, social, and governance management practices that are important in delivering to our purpose to inspire confidence in life's property decisions. Our commitment to ESG practices strengthens our ability to manage risk and positively impacts our communities, customers, employees, and shareholders. We continue to explore ways in which Domain can use our platform for good and share our data and insights with consumers to assist them in assessing the impact of property decisions on the environment. Recent examples include an inaugural future housing forum that connected government and industry to discuss the risk to Australian homes from perils such as flood, bushfire, and coastal erosion. With regard to the important topic of cybersecurity, I'm pleased to say that Domain recently achieved the ISO 27001 accreditation, a major milestone in our ongoing efforts to reduce cyber risk. I'd like to take this opportunity to thank my fellow board members for the contribution they make to our company. Shareholders are the great beneficiaries of their experience, expertise, and wise counsel. I welcome Matt and Mickie to the board and recently appointed directors, nominated by our major shareholder, Nine. Rebecca Haagsma will be stepping down from the Domain board as she has announced her intention to depart from Nine to a new opportunity at the end of the year. I would like to thank you for a valuable contribution to the board since joining in September 2022. On behalf of the board, I would like to thank our talented people for their commitment, their diligence, and their determination to revolutionize how Australians experience property. I acknowledge Jason Pellegrino and his leadership team for their agility in guiding the company through ever-changing circumstances while remaining focused on delivering the long-term opportunities that lie ahead. As we announced recently, Jason will be stepping down after six years as CEO of Domain. The board is deeply grateful for Jason's contribution during his tenure. He leaves Domain in a strong financial, operational, and cultural position underpinned by a robust digital infrastructure that enables us to be highly competitive across the entire property ecosystem. Jason successfully steered the company through the disruptive periods, not least of which was the COVID-19 crisis that profoundly impacted property listings. While substantially improving our organizational culture and creating powerful shared values for Domain's employees, Jason will remain with the company for a period of three to six months to support the succession process before departing the business. This stage and orderly exit will allow the board to assess its requirements and evaluate candidates to lead the company going forward. This process is already underway with the appointment of a major search firm. We wish Jason all the best in his future endeavors. I'll now invite Jason to provide a business review. Good morning, everyone, and thank you to all our shareholders who are joining us at today's Annual General Meeting. Domain's strong FY24 results are a reflection of our marketplace strategy, the talent and innovation of our team, and the benefits of an improving property market backdrop. We remain optimistic about the opportunities for our marketplace and the potential available to us to become a much bigger business. As Nick outlined, we are building on the strength of our core listings business with additional solutions and rich data that can deliver unique and differentiated only-on-Domain experience. Supports a powerful flywheel that can further strengthen Domain's core listings, deliver future scale, and future-proof our business. Domain's core listings business is benefiting vendors, agents, and buyers by delivering competitive products that really work. Based on Domain's data, on average nationally, a AUD 1 million property sold for AUD 36,600 more when Domain was added to the marketing schedule alongside our nearest competitor. During FY24, we saw increasing engagement of vendors, buyers, and agents with Domain's platforms. Our relative national sales listing coverage returned to historic levels, with further gains achieved during the first quarter of FY25. Domain Group's unique audience increased 10% year-on-year, with ongoing momentum into FY25. This reflects our focus on product innovation and delivering increased value to buyers. During the year, agents adopted our most valuable premium products in record numbers, underpinning an 8% uplift in average revenue per listing. Diversifying our revenue and expanding our unique data and assets are key strategies to supercharge the strength and value of our core listings business. During FY24, we delivered significant enhancements to Domain's data sets and strong revenue growth from our real-time agent and media businesses. We continue to invest in only-on-Domain experiences by creating differentiated user journeys that will support core listings and speed up marketplace growth. At the end of FY24, we launched a social media amplification product, Audience Boost, to automatically and efficiently extend depth listings across a variety of digital channels. The success of this initiative is reflected in a 23% uplift in views per listing during the first quarter of FY25, and the value of our depth listings is illustrated by the significant uplift in views per listing compared with basic, non-depth listings. For example, Platinum Edge delivers more than five times the number of views as a basic listing. Additionally, our partnership with Nine provides another source of only-on-Domain experiences. Our ambition to scale and differentiate is supported by a collaboration on audience growth, data enrichment, and product development, and we see significant opportunities to do even more in the future. Finally, AI is providing new ways to power only-on-Domain experiences, leveraging our substantial investment in machine learning and AI, which commenced in FY17. AI is embedded as central to our marketplace strategy, and we are seeing benefits from increased internal efficiencies, improved data quality, stronger and differentiated products, and more engaged users. In recent years, I've spoken to you of Domain's evolution from an online classifieds business to a property marketplace. The approach has delivered a higher quality, higher margin business. Since FY18, we have been building a powerful digital business that has allowed us to replace AUD 123 million of structurally challenged revenue with new digital revenue. As a result, the contribution of our core listings business and ancillary solutions has increased by 60% over the past six years. I spoke earlier about Domain's strong audience performance as we have invested in product innovation, data, and personalization. As you can see on this slide, we have delivered audience growth in every quarter of FY24, and I'm happy to say that that momentum has continued into FY25. At the same time, Domain meaningfully grew brand value, having been recognized as the biggest brand mover in February based on YouGov's monthly survey. Turning now to a brief overview of the operational performance of Domain's marketplace. During FY24, the business made tremendous progress with the penetration of our depth or premium products to reach a new record and an 18% uplift in average revenue per listing. The introduction of our new premium Platinum Edge product saw enthusiastic support from agents. In the first quarter of FY25, our depth contracts with agents have increased a further 7% year-on-year, with Platinum Edge now making up more than 70% of all Platinum contracts. Depth revenue has increased 15% year-on-year, and we've seen further improvements in momentum in October. We've also seen our relative listings coverage reach the highest level since December 2022, following a temporary dip in the first half of FY24. This slide illustrates the volatility of the property listings environment in recent years. FY24 saw national new listings growth improve each quarter, underpinned by a strong recovery in Sydney and Melbourne, which largely reversed the substantial declines of the prior year. In the first quarter of FY25, we have seen continued listings growth despite a more difficult base of comparison and improving environments outside of Sydney and Melbourne. Domain's listing performance in the first quarter saw strong underlying growth with the additional benefit of relative listings coverage win-back activities. Based on Domain's billing cycle, listing volumes increased 8% year-on-year and 6% excluding the win-back activity. On a comparable calendar year basis, listing volumes growth has outperformed the market, increasing 11% year-on-year and 8% excluding win-back activity. This win-back of free or low-yielding listings has had a dilutive impact on average revenue per listing growth in the first quarter after an exceptional growth year in FY24. Adjusting for this impact, average revenue per listing increased 5% year-on-year. This is supported by a 7.5% price increase, offset by a 1% decline in depth due to increased use of downgrades. This reflects a greater vendor price sensitivity at the lower apartment end of the market as a result of the current cost of living pressures and a strategic decision to accept a small increase in downgrades to more sustainably balanced long-term listings coverage. Total controllable growth of 6% was offset by lower subscriptions revenue as agents continue to upgrade to record levels of depth contract adoption. Through the first four months of trading in FY25, average revenue per listing has tracked in line with the pattern we flagged earlier this year, remaining below our annualized expectations as the dilution from listings coverage improvements is felt across the first half. We expect to see average revenue per listing improve over the balance of FY25 as we lap improved listings coverage and the dilutive impact reduces. Residential revenues in the first four months of trading in FY25 are in line with our expectations. We remain optimistic about the opportunity for Domain to increase depth penetration as we have throughout the market cycles of the past six years. During Q1, the surge in free listings following our win-back activity has had a temporary dilutive effect on Domain's depth penetration percentages despite continued growth in depth contracts and depth listings. Given the particular impact you can see on New South Wales, I'll run through these drivers in more detail. During the first quarter, we've seen continued progress in depth contract adoption in New South Wales with a 6% year-on-year increase. Growth in free subscription listings has significantly outperformed growth in depth listings as a result of two major drivers. We have seen relative listings coverage improve with a win-back of free listings, and in addition, the market has experienced a mixed shift with listings growth from lower depth penetrated zones significantly exceeding growth from higher penetrated zones, a reversal of the trend we saw last year. As a result, Domain's absolute depth penetration rate has seen some dilution, but despite this, New South Wales continues to perform strongly in depth revenue growth, which has increased 16% year-on-year in the first quarter. During FY24, Agent Solutions revenue reduced 6% year-on-year with strong growth from Real Time Agent and solid subscription trends across the business, offset by lower revenue from RealBase's AIM product. In the first quarter, we are seeing revenue up year-on-year, supported by ongoing strong performance at Real Time Agent and stabilizing contribution from RealBase. During FY24, Domain Insight revenue increased 8% year-on-year, benefiting from the implementation phase of the Western Australian Land Information Authority contract with IDS, momentum in Automated Valuation Model, and data solutions client growth, with some offset from a strategic decision to terminate a data supply agreement with a competitor. In the first quarter, Domain Insight revenue was down year-on-year as expected, reflecting the ongoing impact of the data supply agreement termination and the phasing of the contract implementation at IDS. In consumer solutions, we finalized our exit from our home loan joint venture and have focused on strategies to unlock the large potential of the home loan market. We are seeing significant interest from financial institutions seeking to access Domain's unique audience with early monetization underway. Turning now to the current trading environment and outlook. Trading in FY25 Q1, from the 1st of July to the 30th of September 2024, saw solid depth revenue growth of 15% year-on-year, underpinning total residential revenue growth of 12%. Digital revenues up 9% year-on-year and total revenues up 8% year-on-year. October new listings growth has continued to accelerate, underpinning year-on-year depth revenue growth of 19% like-for-like. FY25 cost and EBITDA margin guidance is maintained, with cost increasing in the high single- to low double-digit percentage range and EBITDA margins expected to be stable, with margin expansion expected in FY26 and beyond. In closing, as this will be my last Annual General Meeting at Domain, I would like to express my appreciation to our shareholders, to the Domain board, in particular Nick Falloon, and to the terrific team at Domain for all their support over the past six years. It has been an honor and a privilege to contribute to the transformation journey that Domain has been on over this time. Together, we leaned into the necessary decisions to support the positive transformations of purpose, culture, capabilities, and strategy, establishing a powerful technology-led property marketplace. I'm proud of all that we've been able to accomplish together. Thank you for your attention, and I'll now hand back to Nick to conduct the formal part of the meeting. Thank you, Jason. We'll now move to the formal business of the meeting. Over 573 million proxy votes were received by the company for this meeting, representing over 91% of total shares on issue. Where undirected proxies have been given in favor of the chair for a resolution, I will vote these 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, shareholders.domain.com.au, together with the notice of meeting and the virtual meeting online guide. The first item of business is the financial statements and reports, which are for consideration and discussion. The annual report contains financial accounts for the Domain Group and reports of the directors, the auditors, the corporate governance statement, and other information about the business performance of our company. The company auditor for the financial year ended 30 June 2024 is Ms. Jodie Inglis from Ernst & Young is available today to answer any shareholder questions in respect of the audit. I note the auditor has not received any written questions in advance from members. We now welcome shareholders to ask questions or make comments on the management of the company or to ask questions of the auditor. If you're in the room and have a yellow or blue card, please raise your card and a meeting attendant will be with you shortly. Online attendants, please either submit your questions via the Ask a Question button on the virtual meeting website or by phoning Link on the number provided on page five of the virtual meeting online guide and follow the moderator's instructions. Are there any questions on the meeting platform? Any questions in the room? Sorry. Nick, Peter Starr. Hi, Peter. As you know, I've been around for a long time. Jason, how are you? And Mickie, how are you? Just a couple of things. Obviously, the shareholders I represent, we're a bit sorry to see you go, Jason. I know you've been there for a long time. I think it's really important for the board to realize that the person who steps in, if it's going to be somebody from outside, we worry about those sort of things because nine times out of 10 in 20 years of being in private equity markets, an outsider comes in and it's not always the best. So if there's somebody from within the group that's going to step into Jason's shoes, we'd probably think that was a better way to go. I guess one of the other questions that's probably going to come up tomorrow, but I'll ask this. There's nothing that's gone on in Domain as far as staff and culture that has gone on in Nine? I think there's two questions in there. We are conducting, as we've said, a full look into Jason's replacement and that'll canvas both internal and external candidates. So when the boards assess that, we'll obviously inform the market. And as to the culture at Domain, look, I think it's fair to say if I go back prior to Jason joining us, we did have some well-publicized cultural problems within Domain. And one of Jason's challenges was to change that. And I think he's done an exceptional job there. And the culture within Domain on all the reports we the board get from our staff and people is nothing but very positive. Something like 80% of people say it's a great place to work. Look, we don't have any noticeable cultural problems within this company. I'm pleased to hear that, Nick. Just one final thing. Share price back in 2021 was at 570. Today, we're trading at 304. Some shareholders have asked why we don't do DRP or offer DRP. Maybe if the board could look at that, it'd be from the shareholders I'm here for, is that a lot of them feel that they like to do DRP. Most of my clients hold the banks and everything do DRP. So I'll be saying the same thing at Nine tomorrow. It's something that we have discussed in the past and that, while some shareholders have asked for it. It's just something that we haven't. We will continue to review it and look at it going forward. But it's not something that we've seen a big demand for, quite frankly. No, it's just a thing where if it was offered, so it's like the choice thing for those who want to take it. Some people take half DRP, half dividend, retirees. So I just want to emphasize that as you as the chair of the board and the rest of the board members, it is important. Thank you. Thanks, Peter. Are there any other questions in the room? Yes. Stephen Wee, a new shareholder. I'm just looking at the return loss in our equity. Sorry, can I? The return losses. Our return losses for this year is about 90% of our revenue. So do we have a roadmap to at least improve that? Because I look at the way we are going, it's probably be 100 years. Now, the second question I have is we do have an office in Manila in the Philippines. What are we doing there? I didn't understand the first question. Sorry. Oh, the first question is regarding the balance sheet. So under the equity, you will get retained losses as one of the components of equity. I was just wondering whether we have a roadmap to at least improve that number. You can answer the second one, and Pete can answer the second one first, and a bit of a heads up for Pete is to have a look at the first question. On the second question, so the first one is around retained losses. The second one? Manila. Manila. So Manila, we have a substantial set of personnel in Manila. We have mainly through the acquisition of RealBase, we acquired a facility in Manila and a team that provides services ranging from product and technology support through to customer service and experience support, and even some back-office functions like finance and PX. What we've found is that team is able to efficiently provide a number of services where face-to-face contact is not required, and it just gives us a lot more flexibility. It gives us flexibility on cost. It gives us flexibility on the ability to access talent that we can't otherwise access in Sydney, so it's a real asset to our business. Pete, any luck on that first one? Thank you, Stephen. Just on the retained losses, I mean, these are historical losses, but I think the main point here is that each year we continue to grow our profit for the business, and that will be the way that we'll drive that number down. Thank you, Stephen. Any other questions in the room? Okay. I'll now move to the online platform. Amy? Yes, we do have one question from Kevin Daily. He asks about the print division. He states that revenue is AUD 16.7 million and it produces an EBITDA of AUD 1.1 million. He asks why in this context we do not shut it down or sell the print division. Thank you. Look, print is, as well known, has been reducing over the years. It was an important part of the business some years ago, but it still plays a very important role for some agents in terms of, and it is a very important marketing tool for the company. So while the profit line is rather small and it has been declining over the years, it is still a very useful marketing tool for a number of agents in the business. So we will continue it. Any number of questions? Thank you. No further questions on the online platform. And are there any questions on the phone? There are no questions on the phone line at this time. Thank you. All right. I'll keep moving. That concludes the discussion on the financial statements and report. We'll now move to the resolutions. Resolution one is the adoption of the company's remuneration report, which is set out in the annual report. Under the Corporations Act, shareholders are entitled to an advisory vote on the remuneration report. The resolution will now appear on the screen. 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're in the room and have a yellow or blue card, please raise your card and an attendant will be with you shortly. No questions in the room. Are there any questions from the online system for this resolution? None for this resolution. Are there any from the phone? There are no questions on the phone line at this time. Thank you. That concludes discussion on the resolution. There are voting exclusions for this resolution. They are set out on page six of the notice of meeting. I will be voting open proxies that I hold in favor of the resolution. If you're attending the meeting in person and hold a yellow card, please vote by selecting either for, against, or abstain on the voting card. If you're attending via virtual meeting website, cast your vote on the virtual voting card. Thank you. We'll now move on to the next item of business. I note the board unanimously supports the election of the directors standing today with the relevant directors abstaining from their recommendation for their own appointment. The qualifications and experience of Mr. Stanton, Ms. Rosen, and Mr. Ellis are all set out on the notice of meeting. Resolution two is the election of Matt Stanton as a non-executive director. The resolution is on the screen, and I'll now invite Matt to address the meeting. Thanks, Nick, and good morning, everyone. I'm Matthew Stanton. I joined the board of Domain in April this year and am currently the acting CEO of Nine Entertainment, which is Domain's largest shareholder. I have been at Nine for just over two years and prior to that was chief executive officer at both Barambah Organics and Bauer Media. Having joined Nine as chief finance and strategy officer, my strengths and passions lie across both those fields, while I have also managed a transformation of a number of Australian companies throughout my working career. I'm excited about Domain's position in the structurally strong real estate market in Australia. I am particularly committed to bringing out the best of the Nine-Domain partnership, maximizing the value of both of our businesses by working cooperatively where it makes sense. We have made good progress recently, but there is still much more to do. Through the delivery of traffic, marketing support, and editorial support through Nine's suite of media assets, there is more we can do to add value to Domain's business. Sharing Nine's integrated audience platform with Domain will provide both communities to engage interested consumers, coupling Nine's unrivaled data with the right content and advertising opportunities in premium environments. While clearly I am a Nine-nominated director on the Domain board, my motivation is consistent with all shareholders, maximizing the performance and returns of the Domain business, which will result in enhanced returns for all shareholders. I look forward to continuing to work with and add value to the board and executive team at Domain as we drive further growth in profitability and shareholder returns. Thank you. Thank you, Matt. 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're in the room and have a yellow or blue card, please raise your card and a meeting attendant will be with you shortly. Are there any questions on that resolution? Yes, Peter. Thank you, Nick. Just one question. I understand Matt's Acting CEO at Nine. How will that change if he is appointed in the job at Nine as far as being on the board here? Peter, I think the process that's going on at Nine is ongoing. I anticipate that if Matt was to get the job, he would remain on the Domain board. And in that case. So I don't think it has any impact whatsoever. Thank you. Any other questions in the room? Are there any questions from the meeting platform, Amy? We do have one from Stephen Mayne. Stephen congratulates Matt on his promotion to acting CEO of Nine Entertainment and asks for a comment on whether he is candidate for the CEO role and whether he intends to remain with the company if an external candidate is appointed. He also asks for an explanation of Nine's view on whether it's better to have executives or non-executive directors represent Nine's 59% interest on the Domain board, as practice has, in his view, chopped and changed over the years. Finally, why doesn't Nine creep up the Domain register with the stock at the price that it currently is? Look, I thank you for the question, and obviously, we're not today at a main meeting going to discuss the hypotheticals of what might happen at Nine. As to the chopping and changing part of the question on the board, I don't think there's been much chopping and changing. The board has worked very well with its major shareholder, and we certainly are not going to comment on what Nine may or may not want to do with our share register. That's a question for Nine. Thanks very much. Are there any other questions? No other questions on the online platform. Are there any questions on the phone? There are no questions on the phone line at this time. Thank you. That concludes the discussion on this resolution. I will be voting open proxies that I hold in favor of the resolution. If you're attending the meeting in person and hold a yellow card, please vote by selecting for, against, or abstain. If you're attending via the virtual meeting, please vote on your virtual voting card. Thank you. We'll now move on to the next item of business. Resolution three is to consider the election of Mickie Rosen as a non-executive director. The resolution is on the screen. I'll now invite Mickie to address the meeting. Thank you, Nick, and good morning, everyone. My name is Mickie Rosen. It's a privilege to be here with all of you today and stand for election to serve on the board of Domain. I have over 30 years of operating strategy and board experience at the intersection of media, commerce, and technology. I've been an executive for numerous global companies, including Yahoo, Fox, and Disney, as well as growth and early-stage companies. I have served as a senior advisor to the Boston Consulting Group and built the foundation of my career with McKinsey & Company. I currently reside in California and serve on boards both in the United States as well as in Australia, including for Nine Entertainment Company and the Bank of Queensland. As a director of Nine and former director of Fairfax Media, I've had the honor of watching Domain grow from an earlier-stage media-based classifieds business to an established, multifaceted real estate marketplace for consumers and agents. My passion and expertise are in building, leading, and transforming businesses through various cycles of maturity, often in the face of industry disruption. I see great potential in Domain, including further strengthening our relationship with Nine and executing key initiatives that create value for Domain. I want to thank Nick and the rest of the board for their support. I hope to bring a fresh strategic lens and strong governance to Domain's ongoing evolution and success. Thank you for your consideration. Thanks, Mickie. 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're in the room and have your yellow or blue card, you know what to do. Please put your hand up. Yes, Peter. Thank you, Nick, and congratulations, Mickie. I know you personally. I think you'll make a great director on the board. I think you're doing an excellent job and just keep everybody focused. It's really important. Thank you. Thanks for your support, Peter. Are there any other questions in the room? Amy, are there any questions online? We have one. Of how Mickie intends to manage serving on both the Nine and Domain boards while living in Los Angeles. He asks what proportion of Nine board meetings she attends in person and what she is aiming for at Domain. He also asks for an explanation of why Nine's new chair, Catherine West, wasn't appointed to the Domain board and how it makes sense to have a Domain chair who's not independent and isn't a member of Nine's board or executive team. Finally, he asks, will this be reviewed when the new CEO is appointed? Thanks, Stephen, for his question. Look, I mean, clearly, board who takes up positions on this board is reviewed on an ongoing basis each and every year. So that's a matter that will happen. As to what and who Nine puts forward from their point of view, it's in discussion with the Domain board as to the right skills and mix for Domain. I welcome Mickie to the board, having worked with her previously at Fairfax, as her résumé shows. She brings excellent skills and experience to this board. So I'm very happy. As to her ability to attend meetings, I'm not going to comment on Nine. That's for Nine. But for Domain, and when Mickie was on a previous board with me on Fairfax, she's able to attend most meetings in person. But as we all know in this day and age, being able to communicate online is very efficient. And I look forward to Mickie adding great value to the board. Thank you. No further questions on the online platform. Thanks, Amy. Are there any questions online? There are no questions on the phone line at this time. Thank you. That concludes discussion on this resolution. I'll be voting the open proxies that I hold in favor of the resolution. If you're attending the meeting in person, if you hold your yellow card, please vote for, against, or abstain, or vote on the virtual voting card. Thank you. We'll now move on to the next item of business. Resolution four is to consider the re-election of Greg Ellis as a non-executive director. The resolution is on the screen. I'll now invite Greg to address the meeting. Thanks, Nick. Good morning, everyone. My name is Greg Ellis. I'm seeking re-election to the Domain board. Excuse me. To support my re-election, I can offer over 30 years' business experience. That experience has been covered across three major sectors: software, marketplace, and telecommunications. Since 2008, I've been CEO of marketplace and software businesses. They've been in both the public and private sector. I can offer the Domain shareholders expertise in business strategy, product and pricing strategy, sales, and operations. And throughout my career, I've been able to demonstrate significant shareholder value. Thank you. Thanks, Greg. 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're in the room with a yellow or blue card, please raise your hand. No questions from the room. Amy, are there any questions online? We have two questions on the online platform, both from Stephen Mayne. The first is, when Greg Ellis was up for election last in 2021, Stephen notes that he asked the former CEO of REA why REA was capitalized at AUD 21.65 billion, which was 6.4 times Domain's then-market capitalization of AUD 3.38 billion. At the time, the answer was that share market analysts had it wrong because he didn't believe REA was 6.4 times more valuable than Domain. Three years later, REA is today capitalized at AUD 30.4 billion, which is 15.8 times Domain's current market capitalization of AUD 1.92 billion. Stephen's asking for a summary of what caused such relative underperformance in his view, and he notes that it's okay to say that online classifieds have become a winner-takes-all sector. I don't believe that, but Greg, I'll throw to you. Well, I guess stock market prices are stock market prices. That's up to the stock market to calculate what it deems as value and what it deems as not value. The second point is that I would challenge the statement that it's a winner-take. The internet search where that statement is true, being Google search. If you look across the global sector, United Kingdom, United States, here, there's been extremely good number two businesses. So I think that provides a clear demonstration that these marketplace businesses are not winner-take-all markets. As you heard from Jason, the underlying performance of the business has been. And we just look forward to working hard to have the company recognized. Thank you, Greg. And the other question? The final question on this resolution notes that the notice of meeting states that Mickie Rosen lives in Los Angeles but doesn't state where Greg Ellis lives. Stephen asks whether he lives in Sydney and if so, whether he would be available to become Domain's new CEO now that Jason has resigned, or whether he might be too busy with other commitments. Stephen also asks which search firm we have retained to assist with finding a new CEO. Thank you, Stephen. Look, as we announced today, we've retained one of the major search firms to start that process, and that is underway. As to where Greg lives, he is based in Melbourne, has always been based in Melbourne, and as I've mentioned earlier, there is an ongoing process that's underway for the succession process, and we'll comment on that when that's developed. Thank you. Are there any other questions on the phone? There are no questions on the phone line at this time. That concludes the discussion on this resolution. I will be voting open proxies that I hold in favor for this resolution. If you have your yellow or blue or have your yellow card, please place your vote now for, against, or abstain, or vote on the virtual website. Thank you. We'll now move on to the next item of business. The next item is resolution five relating to the issue of performance rights to Domain's CEO, Jason Pellegrino. The resolution is on the screen. A detailed explanation of the proposed issue of performance rights is in the explanatory notes for this meeting. They are set out on page seven of the notice of meeting. On your screen is the proxy before the meeting for this resolution. I declare the resolution. Room with a yellow or blue card, please raise your hand. Are there any online, please, Amy? We do have one question on the online platform from Stephen Mayne. Stephen notes the timing of the CEO's resignation, which was announced on October 23 after the notice of meeting had been sent to shareholders on October the 3rd. And the notice of meeting proposed this latest LTI grant. Stephen's question is, did this change of leadership follow a board meeting or some sort of formal process or review, or did Jason suddenly decide that it was time to go? Also, why not withdraw the LTI grant in light of the resignation, and did any of their proxy advisors recommend against given this development or for any other reason? Thanks for the question, Stephen. Look, the process, as we announced earlier, was mutual. The timing of this, yes, it did fall after we'd already issued the notice of meeting. As we also announced, Jason has agreed to stay on for three to six months to work with the company on transition. And as we're partly through the year already, we've decided that it's appropriate to not withdraw the resolution. And clearly, Jason will only be entitled to the pro rata share of those entitlements when the final date of his working for the company is finalized. And the last part of that question was? Proxy advisors. And in terms of the proxy advisors, I think the proxy advisors, I think of all of them, one of the four or five proxy advisors has advised their clients against on this particular resolution. Other than that, all proxy advisors have supported every resolution. Thank you. Thank you. No further questions on the online platform. That concludes the discussion on this resolution. I will be voting open proxies that I hold in favor of the resolution. If you're attending the meeting in person and hold a yellow card, please vote for, against, or abstain, or vote on the virtual meeting website. Thank you. We'll now move on to the next item of business, resolution six, renewal of proportional takeover provisions in the company constitution. The next item on the agenda is resolution six relating to the renewal of the proportional takeover provisions in the company's constitution. The resolution is on the screen. A detailed explanation of this provision is set out on pages 14 and 15 of the explanatory statements in 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're in the room with your yellow or blue card, please raise your card now. Amy, are there any questions? No questions? No questions on this resolution. And none from the phone, I assume? There are no questions on the phone line at this time. That concludes discussion on this resolution. I'll be voting the open proxies that I hold in favor of the resolution. If you're attending the meeting in person and hold a yellow card, please vote for, against, or abstain, or vote on the virtual meeting website. We have now reached the end of the formal business of the meeting. If you are still connected to the virtual meeting platform and are reconsidering your voting choices, please be mindful of the timer on your screen, which will indicate when the voting window will close. The poll will close at the end of the voting window. Lastly, are there any further questions from shareholders in the room? Amy, are there any further questions from the online system? We have one further question under general business, again from Stephen Mayne. Nick, Stephen asks whether you could discuss your age and whether it is your current intention to offer yourself for re-election at next year's AGM when your latest three-year term expires. He notes that media reports at the time suggested that your appointment as Domain's chair was a settlement of succession tension at Nine involving you and Nine's then-chair, Peter Costello. Could you please comment on whether Peter Costello's sudden resignation as Nine chair is likely to have any impact on the length of your tenure at Domain? It will have no impact whatsoever. As to what I may or may not do in 12 months' time, that's something I will consider in the fullness of time. I thank you for your question, Stephen. Are there any more questions online, Amy? No further questions. Are there any questions on the phone? There are no questions on the phone line at this time. Thank you, everyone. That concludes the business of the meeting. I now declare the meeting closed, subject to finalization of the poll. Please refer to the ASX or the company's shareholder center if you wish to see the results of the resolution of today's meeting. Many thanks to our attendees for joining us at today's AGM. I'd like to invite all those attendees with us in the room today to join us for refreshments in the foyer outside. Thanks again, everyone, for your support. Thank you.