Nitro Software Limited noted that Potentia Capital (Potentia) has a relevant interest in Nitro Shares exceeding 50% and advised of key changes to the Nitro Board. Nitro Software Limited announced that Non-Executive Directors Michael Brown, Lisa Hennessy, Sarah Morgan, Peter Navin and Craig Scroggie have resigned, effective immediately. Non-Executive Director Kurt Johnson will stay on as Chairman for a transitional period.

Potentia Capital's Director nominees, Andrew Gray and Michael McNamara, have been appointed to the Nitro Board, effective immediately. The new Directors will stand for election at the 2023 Nitro Annual General Meeting.