Company: BDRX
Filing Date: 2025-11-17
Form Type: POS AM
Source: 0001214659-25-016809
Chunk: 83

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-17
Form: POS AM
Chunk 83
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posited securities, (iv) there are no deposited securities with respect to Depositary Shares remaining, including if the deposited
securities are cancelled, or the deposit securities have been deemed to have no value, or (v) there occurs a merger, consolidation, sale
of assets or other transaction as a result of which securities or other property are delivered in exchange for or in lieu of deposited
securities, and (b) immediately without prior notice to the Company, any ADR holder or beneficial owner or any other person if (i) required
by any law, rule or regulation relating to sanctions by any governmental authority or body, (ii) the depositary would be subject to liability
under or pursuant to any law, rule or regulation, or (iii) required by any governmental authority or body, in each case under (b) as
determined by the depositary in its reasonable discretion.

If our Ordinary Shares are not listed and
publicly traded on a stock exchange or in a securities market as of the date so fixed for termination or if, for any reason, the depositary
does not sell the deposited securities, then after such date fixed for termination, the depositary shall use its reasonable efforts to
ensure that the Depositary Shares cease to be eligible for settlement within DTC and that neither DTC nor any of its nominees shall thereafter
be an ADR holder. At such time as the Depositary Shares cease to be DTC eligible and/or neither DTC nor any of its nominees is an ADR
holder, to the extent we are not, to the depositary’s knowledge, insolvent or in bankruptcy or liquidation, the depositary shall
(A) cancel all outstanding ADRs; (B) request DTC to provide the depositary with information on those holding Depositary Shares through
DTC and, upon receipt thereof, revise the ADR register to reflect the information provided by DTC; (C) instruct its custodian to deliver
all deposited securities to us, a subsidiary or affiliate of ours (the company representative) or an independent trust company engaged
by us (the trustee) to hold those deposited securities in trust for the beneficial owners of the ADRs if we are not permitted to hold
any of the deposited securities under applicable law and/or we have directed the depositary to deliver such deposited securities to the
company representative or trustee along with a stock transfer form and/or such other instruments of transfer covering such deposited securities
as are needed under applicable law, in