Company: BDRX
Filing Date: 2025-11-24
Form Type: 424B3
Source: 0001214659-25-017135
Chunk: 55

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-24
Form: 424B3
Chunk 55
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 as depositary, ands holders and beneficial owners of American Depositary Receipts, or the Deposit Agreement.
The depositary registers and delivers the Depositary Shares. Each Depositary Share represents ownership of 100,000 Ordinary Shares that
we will deposit with the custodian, as agent of the depositary, under the Deposit Agreement.

The
depositary’s office is located at 383 Madison Avenue, Floor 11, New York, NY 10179.

The
Depositary Share-to-share ratio is subject to amendment as provided in the form of American Depositary Receipt, or ADR (which may give
rise to fees contemplated by the form of ADR). In the future, each Depositary Share will also represent any securities, cash or other
property deposited with the depositary but which they 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