Ann: Kogan.com FY21 Results Presentation, page-65

I believe the dividend has been “temporarily“ withheld because they knew the figures disclosed today would cause a tanking in the SP for a period of time and because funds are required elsewhere for further expansion and not to be used in dividends to the shareholders.´

So I would hold on to my shares despite no dividend being paid. But the options being granted is a thorn in my side. What I’ve always believed important in my investing career is a strong belief in the management and that management are in the business long term to make money for its owners - we, the shareholders. To be offering and taking options reflects a short term attitude that goes against my principals. I am truly not happy with this and will have to consider my holding.´