In light of the company’s growth and cross-sell strategy, the Board formed a view that it is in the best interest of shareholders for the Company to retain a greater proportion of profits in the business and not to declare any dividends for the 2018 financial year. The Board expects this approach to continue for the short to medium term.
This change will ensure the Company has the ability to continue to invest and set it up for long-term success.
The Board regularly reviews its approach to capital allocation with a view to ensuring that returns to shareholders are maximized. If, in the future, the Company has capital in excess of its investment needs, then the Board will consider all appropriate avenues of returning value to shareholders, including through dividends.