Company: BDRX
Filing Date: 2025-05-01
Form Type: DRS
Source: 0001214659-25-006756
Chunk: 77

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-01
Form: DRS
Chunk 77
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 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.

| 42 |

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;