Company: BDRX
Filing Date: 2025-05-08
Form Type: POS AM
Source: 0001214659-25-007201
Chunk: 63

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-08
Form: POS AM
Chunk 63
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 such distribution is reasonably practicable and (iii) the depositary shall have received satisfactory documentation 
 within the terms of the Deposit Agreement including any legal opinions of counsel that the depositary in its reasonable discretion may         
 request. If the above conditions are not satisfied, the depositary shall, to the extent permitted by law, distribute to the ADR holders,       
 on the basis of the same determination as is made in the local market in respect of the Ordinary Shares for which no election is made,         
 either (x) cash or (y) additional Depositary Shares representing such additional Ordinary Shares. If the above conditions are satisfied,       
 the depositary shall establish procedures to enable ADR holders to elect the receipt of the proposed dividend in cash or in additional         
 Depositary Shares. There can be no assurance that ADR holders or beneficial owners of Depositary Shares generally, or any ADR holder or        
 beneficial owner of Depositary Shares in particular, will be given the opportunity to receive elective distributions on the same terms         
 and conditions as the holders of Ordinary Shares.                                                                                              |

If the depositary determines in its sole
discretion that any distribution described above is not practicable with respect to any or all ADR holders, the depositary may choose
any method of distribution that it deems practicable for such ADR holder, including the distribution of some or all of any cash, foreign
currency, securities or other property (or appropriate documents evidencing the right to receive some or all of any such cash, foreign
currency, security or other property), and/or it may retain some or all of such items, without paying interest on or investing them, on
behalf of the ADR holder as deposited securities, in which case the Depositary Shares will also represent the retained items. To the extent
the depositary does not reasonably believe it will be permitted by applicable law, rule or regulation to convert foreign currency into
U.S. dollars and distribute such U.S. dollars to some or all of the ADR holders, the depositary may in its discretion distribute the foreign
currency received by the depositary to, or hold such foreign currency uninvested and without liability for interest thereon for the respective
accounts of, the ADR holders entitled to receive the same. To the extent the depositary holds such foreign currency, any and all costs
and expenses related to, or arising from, the holding of such foreign currency shall be paid from such foreign currency thereby reducing
the amount so held.

Any U.S. dollars