The Board of BPS Technology Limited considers it best practice to regularly review its dividend and capital management policies and practices, having regard to the Company's capital requirements, cash flows, share price and other relevant metrics over time. Having regard to these factors, the Board believes it is in the best interests of shareholders to delay payment of the next dividend, originally scheduled for payment on 17 November 2017, until after the AGM on 27 November 2017. Going forward the Board proposes to pay to shareholders the amounts of any future distributions as declared by way of a single yearly dividend. From time to time the Company may also undertake an on-market share buyback program. These choices will be dependent on the most efficient use of capital having regard to a number of factors including the share price, cash resources, availability of franking credits, and liquidity of the Company's share trading. In this regard, the Board has resolved to: revoke the Dividend for the six months period ending June 2017 pending the outcome of its AGM to be held on 27 November 2017. if the current board is re-elected at the AGM, as soon as practicable following that AGM, pay a dividend to shareholders at a rate equivalent to that notified in the release to ASX on 29 August 2017 (namely 2.25 cents per share fully franked) albeit with a record date later than that which applied to the revoked dividend.