Unsubscribed and unrenounced Rights Entitlements (REs) will lapse and be extinguished after the Issue Closing Date. This means the shareholder loses the opportunity to purchase additional shares at the offer price and the REs no longer hold any value.

Rights Entitlements (REs) are a temporary right granted to existing shareholders to purchase new shares in a company during a rights issue. These REs are often transferable, allowing shareholders to renounce their rights to other interested investors if they don't wish to subscribe.

If a shareholder neither subscribes for the shares offered through the REs nor renounces them by the Issue Closing Date, the REs will expire. This means the shareholder forfeits the opportunity to purchase the shares at the offer price and the REs become null and void. They are effectively "lapsed" and "extinguished".