Navigator Global Investments Limited expected to fund a portion of deferred consideration, depending on timing, through operating cash flows. As a result, that Board has determined that it is appropriate to adjust the dividend policy to be in accordance with NGI's investment needs. To accommodate the payment of the up-front consideration without immediately drawing on available debt facilities, NGI's upcoming 2022 second half dividend payment will be reduced and will result in a payout range of 50%-60% of for the full 2022 financial year Adjusted EBITDA.