Company: BDRX
Filing Date: 2025-11-24
Form Type: 424B3
Source: 0001214659-25-017135
Chunk: 63

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-24
Form: 424B3
Chunk 63
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 not prohibited by law.
ADR holders and beneficial owners thus have no direct ownership interest in the Ordinary Shares and only have such rights as are contained
in the Deposit Agreement. The custodian will also hold any additional securities, property and cash received on or in substitution for
the deposited securities.

Deposited securities are
not intended to, and shall not, constitute proprietary assets of the depositary, the custodian or their nominees. Beneficial ownership
in deposited securities is intended to be, and shall at all times during the term of the Deposit Agreement continue to be, vested in the
beneficial owners of the Depositary Shares representing such deposited securities. Notwithstanding anything else contained herein, in
the Deposit Agreement, in the form of ADR and/or in any outstanding Depositary Shares, the depositary, the custodian and their respective
nominees are intended to be, and shall at all times during the term of the Deposit Agreement be, the record holder(s) only of the deposited
securities represented by the Depositary Shares for the benefit of the ADR holders. The depositary, on its own behalf and on behalf of
the custodian and their respective nominees, disclaims any beneficial ownership interest in the deposited securities held on behalf of
the ADR holders.

Upon each deposit of
Ordinary Shares, receipt of related delivery documentation and compliance with the other provisions of the Deposit Agreement, including
the payment of the fees and charges of the depositary and any taxes or other fees or charges owing, the depositary will issue an ADR
or ADRs in the name or upon the order of the person entitled thereto evidencing the number of Depositary Shares to which such person
is entitled. All of the Depositary Shares issued will, unless specifically requested to the contrary, be part of the depositary’s
direct registration system, and a registered holder will receive periodic statements from the depositary which will show the number of
Depositary Shares registered in such ADR holder’s name. An ADR holder can request that the Depositary Shares not be held through
the depositary’s direct registration system and that a certificated ADR be issued.

How do ADR holders cancel a Depositary Share and obtain deposited securities?

When you turn in your
ADR certificate at the depositary’s office, or when you provide proper instructions and documentation in the case of direct registration
Depositary Shares, subject to the provisions of or governing our Ordinary Shares (including, without limitation, our governing documents