Company: BDRX
Filing Date: 2025-05-01
Form Type: DRS
Source: 0001214659-25-006756
Chunk: 124

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-01
Form: DRS
Chunk 124
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 directly or indirectly (including through the holding  
 of Depositary Shares), an interest of 10% or more in the issued share capital (or in any class thereof), voting power, rights to profits    
 or capital of the company, and is not otherwise connected with the company.                                                                 |

This summary further assumes that a holder
of Depositary Shares is the beneficial owner of the underlying Ordinary Shares for United Kingdom direct tax purposes.

POTENTIAL INVESTORS IN THE DEPOSITARY SHARES SHOULD SATISFY THEMSELVES PRIOR TO INVESTING AS TO THE OVERALL TAX CONSEQUENCES, INCLUDING, SPECIFICALLY, THE CONSEQUENCES UNDER UNITED KINGDOM TAX LAW AND HMRC PRACTICE OF THE ACQUISITION, OWNERSHIP AND DISPOSAL OF THE ORDINARY SHARES OR DEPOSITARY SHARES, IN THEIR OWN PARTICULAR CIRCUMSTANCES BY CONSULTING THEIR OWN TAX ADVISERS.

Taxation of Dividends

Withholding Tax. The
Company is not required to withhold United Kingdom tax when paying a dividend.

An individual holder of Ordinary Shares
or Depositary Shares who is not a U.K. Holder will not be chargeable to United Kingdom income tax on a dividend paid by the Company, unless
such holder carries on (whether solely or in partnership) a trade, profession or vocation in the United Kingdom through a branch or agency
in the United Kingdom to which the Ordinary Shares or Depositary Shares are attributable. In these circumstances, such holder may, depending
on his or her individual circumstances, be chargeable to United Kingdom income tax on a dividend received from the Company.

| 69 |

A dividend received by individual U.K. Holders
will be subject to United Kingdom income tax. The rate of United Kingdom income tax that is chargeable on dividends received in either
the tax year 2024/2025 or the tax year 2025/2026 by an individual U.K. Holder who is (i) an additional rate taxpayer is 39.35%, (ii) a
higher rate taxpayer is 33.75%, and (iii) a basic rate taxpayer is 8.75%. An individual U.K. Holder may be entitled to a tax-free
dividend allowance (in addition to their personal allowance) of £500 for the tax year 2024/2025 and/or for the tax year 2025/2026,
being the amount of dividend income that the relevant individual can receive before United Kingdom income tax is payable.