Company: BDRX
Filing Date: 2025-11-17
Form Type: POS AM
Source: 0001214659-25-016826
Chunk: 47

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-17
Form: POS AM
Chunk 47
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 share scheme) that are to be paid for wholly in cash must
be offered first to the existing holders of equity securities in proportion to the respective nominal amounts
(i.e., par values) of their holdings on the same or more favorable terms, unless a special resolution to the contrary has been passed
or the articles of association otherwise provide an exclusion from this requirement (which exclusion can be for a maximum of five years
after which our shareholders’ approval would be required to renew the exclusion). In this context, “equity securities”
means ordinary shares (and would exclude shares that, with respect to dividends or capital, carry a right to participate only up to a
specified amount in a distribution), and any and all rights to subscribe for or convert securities into such ordinary shares. This differs
from U.S. law, under which shareholders generally do not have pre-emptive rights unless specifically granted in the certificate of incorporation
or otherwise.

The Board seeks general
authority to allot shares on a non-pre-emptive basis at each annual general meeting. Preemptive rights under the Companies Act will not
apply in respect of allotment of shares for cash made pursuant to such authority.

Transfer of Shares

Any certificated shareholder
may transfer all or any of his shares by an instrument of transfer in the usual common form or in any other manner which is permitted
by the Companies Act and approved by the Board of Directors. Any written instrument of transfer shall be signed by or on behalf of the
transferor and (in the case of a partly paid share) the transferee.

All transfers of uncertificated
shares shall be made in accordance with and subject to the provisions of the Uncertificated Securities Regulations 2001 and the facilities
and requirements of its relevant system. The Uncertificated Securities Regulations 2001 permit shares to be issued and held in uncertificated
form and transferred by means of a computer-based system.

| 26 |

The Board of Directors
may decline to register any transfer of any share unless it is:

| · | a fully paid share; |

| · | a share on which the Company has no lien; |

| · | in respect of only one class of shares; |

| · | in favor of a single transferee or not more than four transferees; |

| · | duly                                                                                       
 stamped or duly certificated or otherwise shown the satisfaction of the Board of Directors 
 to be exempt from any required stamp duty; or                                              |

| · | delivered