I don’t believe the rs is a sure thing. They have to reappove the rs after an as increase 375m as the outstanding approval they like to keep is no longer valid. Having an outstanding rs approved can help with financing, as shares to lock for finanincing can always be had.
If they apply the rs, they will bring the as back down to 200m. If they were going to R/S now, why go through all of that, why not just apply the R/S first.