Yes that's right, the agreement was to go ahead and create a CVA. Which should be distributed within 10 days, then a meeting set-up to agree within a further 14-28 days.
They only needed 50% of creditors to agree to go ahead and create the CVA but will need 75% to agree the actual CVA (HMRC stands at about 18%).
The meeting this week suggested that the CVA will be in the order of 20p in the £1 for unsecured creditors (but over 5 years).