Gaining ranking after draw is announced (10)

I believe the answer is:

succeeding

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'announced' is the definition.
Both the answer and definition are adjectives. Perhaps they are linked in a way I don't understand?

I don't understand how the rest of the clue works.

Can you help me to learn more?

(Other definitions for succeeding that I've seen before include "following" , "Doing well" , "Winning" , "not coming in first" .)

I've seen this clue in The Guardian.

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