Company: BDRX
Filing Date: 2025-01-28
Form Type: 424B3
Source: 0001214659-25-001409
Chunk: 276

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-28
Form: 424B3
Chunk 276
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, provided that, in the event
such proceedings involve criminal or civil matters in which the person is convicted or has a judgment made against him or her, then such
loan must be repaid. Our total aggregate liability of Biodexa under the Deed of Indemnity is £5 million.

Insofar as indemnification
for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to a charter
provision, by-law, contract, arrangements, statute or otherwise, we acknowledge that in the opinion of the SEC such indemnification is
against public policy as expressed in the Securities Act and is, therefore, unenforceable.

Other United Kingdom Law Considerations

Mandatory Purchases and Acquisitions

Pursuant to Sections 979 to
991 of the Companies Act, where a takeover offer has been made for us and the offeror has acquired or unconditionally contracted to acquire
not less than 90% in value of the shares to which the offer relates and not less than 90% of the voting rights carried by those shares,
the offeror may give notice to the holder of any shares to which the offer relates which the offeror has not acquired or unconditionally
contracted to acquire that he wishes to acquire, and is entitled to so acquire, those shares on the same terms as the general offer. The
offeror would do so by sending a notice to the outstanding minority shareholders telling them that it will compulsorily acquire their
shares. Such notice must be sent within three months of the last day on which the offer can be accepted in the prescribed manner. The
squeeze-out of the minority shareholders can be completed at the end of six weeks from the date the notice has been given, following which
the offeror can execute a transfer of the outstanding shares in its favor and pay the consideration to us, and we would hold the consideration
on trust for the outstanding minority shareholders. The consideration offered to the outstanding minority shareholders whose shares are
compulsorily acquired under the Companies Act must, in general, be the same as the consideration that was available under the takeover
offer.

Sell Out

The Companies Act also gives
our minority shareholders a right to be bought out in certain circumstances by an offeror who has made a takeover offer for all of our
shares. The holder of shares to which the offer relates, and who has not otherwise accepted the offer, may require the offeror to acquire
his shares if, prior to the expiry of