Company: BDRX
Filing Date: 2025-12-11
Form Type: F-1/A
Source: 0001214659-25-017944
Chunk: 91

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-12-11
Form: F-1/A
Chunk 91
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ability of the rights, limited                               
 markets therefor, their short duration or otherwise, do nothing and allow such rights to lapse, in which case ADR holders will receive 
 nothing and the rights may lapse.                                                                                                      |

We have no obligation to file a registration statement
under the Securities Act in order to make any rights available to ADR holders.

| · | Other Distributions. In the case of a distribution of securities or property other than those described                                 
 above, the depositary may either (i) distribute such securities or property in any manner it deems equitable and practicable or (ii) to 
 the extent the depositary deems distribution of such securities or property not to be equitable and practicable, sell such securities   
 or property and distribute any net proceeds of public or private sales in the same way it distributes cash.                             |

| · | Elective Distributions. In the case of a dividend payable at the election of our shareholders in                                               
 cash or in additional Ordinary Shares, we will notify the depositary at least 30 days prior to the proposed distribution stating whether       
 or not we wish such elective distribution to be made available to ADR holders. The depositary shall make such elective distribution available  
 to ADR holders only if (i) we shall have timely requested that the elective distribution is available to ADR holders, (ii) the depositary      
 shall have determined that 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