This relates to the 50m shares purchased by Pioneer Credit. One...

This relates to the 50m shares purchased by Pioneer Credit.

One of the conditions of the purchase was:
"Pioneer Australia has agreed that, for a period of one year from the Completion Date, it (and its related entities) will act in accordance with a majority recommendation of the board of directors of Paragon made to shareholders of Paragon to support an offer from a third party for shares of Paragon proposed under a scheme of arrangement or a takeover bid (in the absence of a superior proposal) and, accordingly, will vote in favour of the scheme of arrangement or accept the takeover bid, as applicable, provided that the offer price is at least 110% or more of the Subscription Price."

This effectively gave Paragon Care some control of the voting of those 50m shares.

Now that one year has passed, that control no longer exists.