Company: BDRX
Filing Date: 2025-01-28
Form Type: 424B3
Source: 0001214659-25-001409
Chunk: 412

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-28
Form: 424B3
Chunk 412
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 for three years from the date of acquisition. All shares purchased by the BPSIP
are held by an Employee Benefit Trust that is not under the control of Biodexa. Shares must be left in the plan for 5 years to qualify
for full income tax and NIC relief.

On 24 April 2023 the
Company terminated the Trust and requested the Trustees distribute the assets of the Trust to the relevant Group employees.

| F-75 |

| 24 | Share-based payments (continued) |

Warrants issued
in lieu of fees

The Company issues warrants
over ADSs to certain its brokers in lieu of broker fees connected to the equity transactions in the year. The warrants are accounted for
as share based payments.

| Schedule of  warrants are accounted for                                                
 as share based payments                                                                
 Date of grant                                                                          |     | At 1 January 
 2023         |     | Granted in 2023 |     | Lapsed in 2023 |     | Forfeited in 
 2023         |     | At  31 December 2023 |     |   |      Exercise 
 Price per ADS |
|:---------------------------------------------------------------------------------------|:----|:-------------|:----|----------------:|:----|:---------------|:----|:-------------|:----|---------------------:|:----|:--|--------------:|
| 24 March 2023                                                                          |     | –            |     |              49 |     | –              |     | –            |     |                   49 |     | $ |        400.00 |
| 24 March 2023                                                                          |     | –            |     |           1,293 |     | –              |     | –            |     |                1,293 |     | $ |        232.00 |
| 14 June 2023                                                                           |     | –            |     |          11,067 |     | –              |     | –            |     |               11,067 |     | $ |         15.00 |
| 21 December 2023                                                                       |     | –            |     |         120,002 |     | –              |     | –            |     |              120,002 |     | $ |          2.50 |
|                                                                                        |     | –            |     |         132,411 |     | –              |     | –            |     |              132,411 |     |   |