Company: BDRX
Filing Date: 2025-05-01
Form Type: DRS
Source: 0001214659-25-006756
Chunk: 85

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-01
Form: DRS
Chunk 85
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outstanding minority shareholders. The consideration offered to the outstanding minority shareholders whose shares are compulsorily acquired
under the Companies Act must, in general, be the same as the consideration that was available under the takeover offer.

Sell Out

The Companies Act also gives our minority
shareholders a right to be bought out in certain circumstances by an offeror who has made a takeover offer for all of our shares. The
holder of shares to which the offer relates, and who has not otherwise accepted the offer, may require the offeror to acquire his shares
if, prior to the expiry of the acceptance period for such offer, (i) the offeror has acquired or agreed to acquire not less than 90% in
value of the voting shares, and (ii) not less than 90% of the voting rights carried by those shares. The offeror may impose a time limit
on the rights of minority shareholders to be bought out that is not less than three months after the end of the acceptance period. If
a shareholder exercises his rights to be bought out, the offeror is required to acquire those shares on the terms of this offer or on
such other terms as may be agreed.

Disclosure of Interest in Shares

Pursuant to Part 22 of the Companies Act,
we are empowered by notice in writing to any person whom we know or have reasonable cause to believe to be interested in our shares, or
at any time during the three years immediately preceding the date on which the notice is issued has been so interested, requiring such
person within a reasonable time to disclose to us particulars of that person’s interest and (so far as is within his knowledge)
particulars of any other interest that subsists or subsisted in those shares. The Articles of Association specify that a response is required
from such person within 14 days after service of any such notice.

| 47 |

Under the Articles of Association, if a
person defaults in supplying us with the required particulars in relation to the shares in question, or Default Shares, the directors
may by notice direct that:

| · | in respect of the Default Shares, the relevant member shall not be entitled to attend or vote (either                                     
 in person or by proxy) at any general meeting or of a general meeting of the holders of a class of shares or upon any poll or to exercise 
 any right conferred by the Default Shares; and/or                                                                                         |

| · | where the Default Shares represent at least 0.25% of their class,