Unless I've interpreted the below paragraph wrong, in which case...

Unless I've interpreted the below paragraph wrong, in which case I apologize, it looks to me like Andrew and Stephen will get the $220k shares once we approve the placement to them.

Due to strong support received from existing investors including directors, Mr Andrew Richards and Mr Stephen Copulos, the Company is proposing to conduct a placement, which approximates the shortfall under the SPP, of 9,166,667 shares at $0.024 per share to raise a further $220,000. The issue of shares to Messrs Richards and Copulos will be subject to shareholder approval at a meeting to be held in December.