Company: BDRX
Filing Date: 2025-05-08
Form Type: POS AM
Source: 0001214659-25-007201
Chunk: 58

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-08
Form: POS AM
Chunk 58
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 specifically
requested, all Depositary Shares will be issued on the books of our depositary in book-entry form and periodic statements will be mailed
to you which reflect your ownership interest in such Depositary Shares. In our description, references to American depositary receipts
or ADRs shall include the statements you will receive that reflect your ownership of Depositary Shares.

You may hold Depositary Shares
either directly or indirectly through your broker or other financial institution. If you hold Depositary Shares directly, by having a
Depositary Share registered in your name on the books of the depositary, you are an ADR holder. This description assumes you hold your
Depositary Shares directly. If you hold the Depositary Shares through your broker or financial institution nominee, you must rely on the
procedures of such broker or financial institution to assert the rights of an ADR holder described in this section. You should consult
with your broker or financial institution to find out what those procedures are.

As an ADR holder or beneficial owner, we
will not treat you as a shareholder of ours and you will not have any shareholder rights. The laws of England and Wales govern shareholder
rights. Because the depositary or its nominee will be the shareholder of record for the Ordinary Share represented by all outstanding
Depositary Shares, shareholder rights rest with such record holder. Your rights are those of an ADR holder or of a beneficial owner. Such
rights derive from the terms of the Deposit Agreement to be entered into among us, the depositary and all holders and beneficial owners
from time to time of ADRs issued under the Deposit Agreement and, in the case of a beneficial owner, from the arrangements between the
beneficial owner and the holder of the corresponding ADRs. The obligations of our Company and the depositary and its agents are also set
out in the Deposit Agreement. Because the depositary or its nominee will actually be the registered owner of the Ordinary Shares, you
must rely on it to exercise the rights of a shareholder on your behalf.

| 43 |

The Deposit Agreement, the ADRs and the
Depositary Shares are governed by the internal laws of the State of New York without giving effect to the application of the conflict
of law principles thereof. Under the Deposit Agreement, as an ADR holder or a beneficial owner of Depositary Shares, you agree that any
legal suit, action or proceeding against or involving us or the depositary, arising out of or based upon the Deposit Agreement, the Depositary