Company: BDRX
Filing Date: 2025-11-17
Form Type: POS AM
Source: 0001214659-25-016826
Chunk: 59

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-17
Form: POS AM
Chunk 59
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 have not distributed directly to you.

A
beneficial owner is any person or entity having a beneficial ownership interest in Depositary Shares. A beneficial owner need not be
the holder of the ADR evidencing such Depositary Share. If a beneficial owner is not an ADR holder, it must rely on the holder of the
ADR(s) evidencing such Depositary Shares in order to assert any rights or receive any benefits under the Deposit Agreement. A beneficial
owner shall only be able to exercise any right or receive any benefit under the Deposit Agreement solely through the holder of the ADR(s)
evidencing the Depositary Shares owned by such beneficial owner. The arrangements between a beneficial owner and the holder of the corresponding
ADRs may affect the beneficial owner’s ability to exercise any rights it may have.

An
ADR holder shall be deemed to have all requisite authority to act on behalf of any and all beneficial owners of the Depositary Shares
evidenced by the ADRs registered in such ADR holder’s name for all purposes under the Deposit Agreement and ADRs. The depositary’s
only notification obligations under the Deposit Agreement and the ADRs is to registered ADR holders. Notice to an ADR holder shall be
deemed, for all purposes of the Deposit Agreement and the ADRs, to constitute notice to any and all beneficial owners of the Depositary
Shares evidenced by such ADR holder’s ADRs.

Unless
certificated ADRs are specifically requested, all Depositary Shares will be issued on the books of our depositary in book-entry form and
periodic statements will be mailed to you which reflect your ownership interest in such Depositary Shares. In our description, references
to American depositary receipts or ADRs shall include the statements you will receive that reflect your ownership of Depositary Shares.

You
may hold Depositary Shares either directly or indirectly through your broker or other financial institution. If you hold Depositary Shares
directly, by having a Depositary Share registered in your name on the books of the depositary, you are a ADR holder. This description
assumes you hold your Depositary Shares directly. If you hold the Depositary Shares through your broker or financial institution nominee,
you must rely on the procedures of such broker or financial institution to assert the rights of an ADR holder described in this section.
You should consult with your broker or financial institution to find out what those procedures are.

As
an ADR holder or beneficial owner,