Company: BDRX
Filing Date: 2025-11-24
Form Type: 424B3
Source: 0001214659-25-017136
Chunk: 48

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-24
Form: 424B3
Chunk 48
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 than our existing shares; or                      |

| · | redenominate our share capital or any class of share capital. |

Preemptive Rights and New Issuance of Shares

Under the Companies Act, the issuance of
equity securities (except shares held under an employees’ 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.

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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