Quote from announcement:
"Unfortunately, the potential investor has decided that the disruptive risks associated with the 249D action are material and as a result of this have suspended talks pending the outcome of the shareholder vote at the Extraordinary General Meeting on 2 July 2018."
So they haven't left yet. Seems they'll be doing exactly as you described. But to say it is a disappointing outcome in the short term is an understatement.
Ann: Capital Raising Update, page-45
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