PRT Company Limited advised that Mr. Peter Landos, Mr. Vaughan Webber and Ms. Sophie Karzis have been appointed as directors of the Company. Mr. Landos has been appointed as Chair of the Board. Sophie Karzis has also been appointed Company Secretary.

The Company advised that Ms. Cass O'Connor (Chair), Mr. Brent Cubis and Mr. John Palisi will step down from the Board of the Company, effective from the close of business on 31 March 2022. Mr. Palisi will also step down as the Company Secretary at that time. These changes to the composition of the Board of the Company follow the sale of the Company's business and assets to Seven Network (Operations) Limited for cash consideration of AUD 131.88 million (adjusted in accordance with the terms of the Share Sale Agreement) on 31 December 2021, and the distribution of the proceeds of sale to shareholders by way of a special dividend and a capital reduction on 4 February 2022 (Distribution).

Now that the Distribution has been finalised and the Company has divested its operating and physical assets, the Company is effectively a `shell company'.