I see in this announcement the next block of money to be drawn down from the CN ie: $1.805m is subject to shareholder approval.
However in the amended Arena terms announcement from May it was stated that the $1.805m would not require shareholder approval - Appendix A point 3 - issue on notes under tranche 2B would be under listing rule 7.1.
So which is it? Shareholder approval or not?