Company: ANPCF
Filing Date: 2025-11-19
Form Type: 424B3
Source: 0001193805-25-001618
Chunk: 19

Company: ANGLE plc
Filing Date: 2025-11-19
Form: 424B3
Chunk 19
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 to perform the actions contemplated in Section 4.1 of the
Deposit Agreement where such notice has not been so timely given, other than its failure to use commercially reasonable efforts, as provided
herein.

<div align='center'>B-13</div>

(b) Share Distributions:
Upon the timely receipt by the Depositary of a notice (as described in Section 4.2 of the Deposit Agreement) from the Company that it
intends to make a distribution that consists of a dividend in, or free distribution of Shares, the Depositary shall establish the ADS
Record Date upon the terms described in Section 4.9 of the Deposit Agreement. Upon receipt of confirmation from the Custodian of the receipt
of the Shares so distributed by the Company, the Depositary shall either (i) subject to Section 5.9 of the Deposit Agreement, distribute
to the Holders as of the ADS Record Date in proportion to the number of ADSs held as of the ADS Record Date, additional ADSs, which represent
in the aggregate the number of Shares received as such dividend, or free distribution, subject to the other terms of the Deposit Agreement
(including, without limitation, (a) the applicable fees and charges of, and expenses incurred by, the Depositary and (b) taxes), or (ii)
if additional ADSs are not so distributed, take all actions necessary so that each ADS issued and outstanding after the ADS Record Date
shall, to the extent permissible by law, thenceforth also represent rights and interests in the additional integral number of Shares distributed
upon the Deposited Securities represented thereby (net of (a) the applicable fees and charges of, and expenses incurred by, the Depositary,
and (b) taxes). In lieu of delivering fractional ADSs, the Depositary shall sell the number of Shares or ADSs, as the case may be, represented
by the aggregate of such fractions and distribute the net proceeds upon the terms described in Section 4.1 of the Deposit Agreement.

In the event that the Depositary
determines that any distribution in property (including Shares) is subject to any tax or other governmental charges which the Depositary
is obligated to withhold, or, if the Company in the fulfillment of its obligations under Section 5.7 of the Deposit Agreement, has furnished
an opinion of U.S. counsel determining that Shares must be registered under the Securities Act or other laws in order to be distributed
to Holders (and no such registration statement has