Thorney Opportunities : Change in substantial holding for PRT

WA CHESS INVESTMENTS PTY LTD

ACN 636 006 347

Level 39, 55 Collins Street, Melbourne Vic 3000

Telephone: [phone] Facsimile: [phone]

CROSS RELEASE ASX: TOP

9 March 2021

BY ASX ONLINE - 13 pages

Manager Company Announcements ASX Limited

Level 10

20 Bond Street SYDNEY NSW 2000

Dear Sir/Madam,

Change of interests of substantial holder Prime Media Group Limited [ASX:PRT]

Following is a Form 604 Notice of change of interests of substantial holder dated 9 March 2021 in accordance with section 671B of the Corporations Act 2001 (Cth).

Yours sincerely,

Craig Smith Secretary

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To:company name/scheme	PRIME MEDIA GROUP LIMITED (PRT)
ABN	97 000 764 867

1. Details of substantial holder

Name	WA CHESS INVESTMENTS PTY LTD (WCI) and each of the entities listed in the attached Annexure A
ACN (if applicable)	636 006 347

There was a change in the interests of the substantial holder on	5 March 2021
The previous notice was given to the company on	4 December 2019
The previous notice was dated	4 December 2019
2. Previous and present voting power

The total number of shares votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Securities	Previous Notice	Present Notice
Person's votes	Voting power	Person's votes	Voting power
Fully Paid Ordinary Shares	53,362,273	14.57%	73,229,427	19.99%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, relevant interests of the substantial holder or an associate in voting securities of the company or scheme since the substantial holder was last required to give a substantial holding notice to the company are as follows:

Date of Change	Person whose relevant interest changed	Nature of change	Consideration given in relation to Change	Number and class of securities affected	Person's votes affected
4/12/2019	WCI and each of the entities listed in Annexure A	Market acquisition of securities at 19.5 cents per share	$133,480.42	684,515 securities	684,515
5/12/2019	WCI and each of the entities listed in Annexure A	Market acquisition of securities at 20 cents per share	$50,000	250,000 securities	250,000
5/12/2019	WCI and each of the entities listed in Annexure A	Market acquisition of securities at 19.5 cents per share	$12,769.58	65,485 securities	65,485
5/03/2021	WCI and each of the entities listed in Annexure A	On 5 March 2021, WCI entered into an agreement to acquire 18,867,154 PRT securities from interests associated with Bruce Gordon, subject to receiving approval from the Australian Communications and Media Authority (ACMA) pursuant to section 61AJ of the Broadcasting Services Act 1992. A copy of this agreement is enclosed in Annexure B.	Subject to receiving approval from ACMA, WCI will pay $4,245,109.65 to acquire these securities	18,867,154 securities	18,867,154

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Number and class of securities	Person's votes
WCI	WA Chess Investments Pty Ltd	WA Chess Investments Pty Ltd	Taken under section 608(1)(a) of the Corporations Act 2001 (Cth) (Act)	73,229,427 ordinary shares	73,229,427
20 Cashews Pty Ltd ACN 634 403 124	WA Chess Investments Pty Ltd	WA Chess Investments Pty Ltd	Taken under section 608(3)(a) of the Act	73,229,427 ordinary shares	73,229,427
Kirant Media Investments Pty Ltd ACN 163 003 530	WA Chess Investments Pty Ltd	WA Chess Investments Pty Ltd	Taken under section 608(3)(a) of the Act	73,229,427 ordinary shares	73,229,427
Stefanie Jennifer Catalano	WA Chess Investments Pty Ltd	WA Chess Investments Pty Ltd	Taken under section 608(1)(b) of the Act	73,229,427 ordinary shares	73,229,427
Antony Catalano	WA Chess Investments Pty Ltd	WA Chess Investments Pty Ltd	Taken under section 608(1)(b) of the Act	73,229,427 ordinary shares	73,229,427
Thorney Opportunities Ltd ACN 081 167 264	WA Chess Investments Pty Ltd	WA Chess Investments Pty Ltd	Taken under section 608(3)(a) of the Act	73,229,427 ordinary shares	73,229,427
TIGA Tails Pty Ltd ACN 080 534 416	WA Chess Investments Pty Ltd	WA Chess Investments Pty Ltd	Taken under section 608(3)(a) of the Act	73,229,427 ordinary shares	73,229,427
TIGA Property Pty Ltd ACN 117 811 453	WA Chess Investments Pty Ltd	WA Chess Investments Pty Ltd	Taken under section 608(3)(a) of the Act	73,229,427 ordinary shares	73,229,427
Thorney Investment Group Australia Pty Ltd ACN 117 488 892	WA Chess Investments Pty Ltd	WA Chess Investments Pty Ltd	Taken under section 608(3)(a) of the Act	73,229,427 ordinary shares	73,229,427
Jamahjo Pty Ltd ACN 117 488 696	WA Chess Investments Pty Ltd	WA Chess Investments Pty Ltd	Taken under section 608(3)(a) of the Act	73,229,427 ordinary shares	73,229,427
Alexander Waislitz	WA Chess Investments Pty Ltd	WA Chess Investments Pty Ltd	Taken under section 608(1)(b) of the Act	73,229,427 ordinary shares	73,229,427

5. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name	Nature of association
N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
WA Chess Investments Pty Ltd ACN 636 006 347	Level 39, 55 Collins Street, Melbourne 3000
Each of the entities listed in the attached Annexure A	Refer to Annexure A

Signature

Print name Sign here

CRAIG SMITH

Capacity SECRETARY Date 9 March 2021