Company: BDRX
Filing Date: 2025-01-08
Form Type: 424B3
Source: 0001214659-25-000303
Chunk: 74

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-08
Form: 424B3
Chunk 74
---
 54 |

| (B) | fix the value for distribution of any assets, and may determine that cash shall be paid to any member 
 on the footing of the value so fixed in order to adjust the rights of members; and                    |

| (C) | vest any assets in trustees on trust for the persons entitled to the dividend. |

| 126 | SCRIP DIVIDENDS |

| 126.1 | The Board may, with the prior authority of an ordinary resolution and subject to such terms and conditions                                  
 as the Board may determine, offer any holders of Ordinary Shares the right to elect to receive Ordinary Shares, credited as fully paid,     
 instead of cash in respect of the whole (or some part, to be determined by the Board) of any dividend specified by the ordinary resolution, 
 subject to the Companies Acts and to the provisions of this Article 126.                                                                    |

| 126.2 | An ordinary resolution under Article 126.1 may specify a particular dividend (whether or not declared),                                   
 or may specify all or any dividends declared within a specified period, but such period may not end later than the beginning of the fifth 
 annual general meeting next following the date of the meeting at which the ordinary resolution is passed.                                 |

| 126.3 | The entitlement of each holder of Ordinary Shares to new Ordinary Shares shall be such that the relevant                                    
 value of the entitlement shall be the cash amount, disregarding any tax credit, (or as near to such cash amount as the Board considers      
 appropriate) that such holder would have received by way of dividend. For this purpose, “relevant value” shall be calculated                
 by reference to the average of the middle market quotations for the Ordinary Shares on the London Stock Exchange as derived from the London 
 Stock Exchange Daily Official List, or the middle-market quotation of ADS in NASDAQ or any Recognised Investment Exchange on which ADS      
 are traded from time to time (adjusted as the Board shall determine to reflect the number of Ordinary Shares represented by each ADS),      
 for the day on which the Ordinary Shares are first quoted “ex” the relevant dividend and the four subsequent dealing                        
 days, or in such other manner as may be determined by or in accordance with the ordinary resolution. A written confirmation or report       
 by the Auditors as to the amount of the relevant value in respect of any dividend shall be conclusive evidence of that amount.              |

| 126.4 | The Board may make any provision it considers appropriate in relation to an allotment made or