Guys its the right to acquire new shares which is not...

Guys its the right to acquire new shares which is not transferable, not the shares themselves

"The Offer is non-renounceable. This means that shareholders’ right to subscribe for new LCK shares underthe Offer are not transferable."

Once the shares are issued to you, they are on the same terms as your existing shares

It only means if you chose not to take up the right, then you cant pass on the right to new shares to a mate