The Board of John Bridgeman Limited referred to the company's announcements of 15 May 2017 and 3 October 2017 and provided investors with updated guidance regarding the company's intended special dividend. The Board currently intends to declare a special dividend of at least 15 cents per share prior to 31 December 2017. While it is intended that the dividends will be fully franked, the level of franking will depend on the number of Option holders in John Bridgeman Limited who elect to convert their Options into Shares prior to the dividend record date.