Company: BDRX
Filing Date: 2025-05-12
Form Type: 424B3
Source: 0001214659-25-007340
Chunk: 64

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-12
Form: 424B3
Chunk 64
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; (iii) instruments
assigning to the depositary, its custodian or a nominee of either any distribution on or in respect of such deposited shares or indemnity
therefor; and (iv) proxies entitling the custodian to vote such deposited shares. The deposited Ordinary Shares and any such additional
items are referred to as “deposited securities.” As soon as practicable after the custodian receives deposited securities
pursuant to any such deposit or pursuant to a distribution or change affecting deposited securities, the custodian shall present such
deposited securities for registration of transfer into the name of the depositary, its custodian or a nominee of either, in each case
for the benefit of ADR holders, to the extent such registration is practicable, at the cost and expense of the person making such deposit
(or for whose benefit such deposit is made) and shall obtain evidence satisfactory to it of such registration.

The custodian will hold all
deposited securities for the account and to the order of the depositary, in each case for the benefit of ADR holders, to the extent 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