Company: NCNA
Filing Date: 2025-04-04
Form Type: DRS
Source: 0000950123-25-003335
Chunk: 87

Company: NuCana plc
Filing Date: 2025-04-04
Form: DRS
Chunk 87
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 is not deemed to control or hold), either alone or together 
 with one or more associated or connected persons, directly or indirectly (including through the holding of the related ordinary shares or ADSs), an interest of 10% or more in the issued share capital (or in any class thereof or ADSs, Warrants and/or                                                                                                                                                                
 Pre-Funded Warrants), voting power, rights to profits or capital of the company, and is not otherwise connected with the company.                                                                                                                                                                                                                                                                                        |

This summary further assumes, on the basis of HMRC guidance, that a holder of ADSs will be regarded by HMRC as the beneficial owner of the underlying ordinary shares and of any dividends paid in respect of the related ordinary shares (where the dividends are regarded for U.K. tax purposes as that person’s own income (and not the income of some other person)) for U.K. tax purposes. Potential investors in ADSs, Warrants and/or Pre-FundedWarrants should satisfy themselves prior to investing as to the overall tax consequences, including, specifically, the consequences under U.K. tax law and HMRC practice of the acquisition, ownership and disposal of ADSs, Warrants and/or Pre-FundedWarrants in their own particular circumstances by consulting their own tax advisers. In particular, non-U.K.resident persons are advised to consider the potential impact of any relevant double taxation agreements. Taxation of dividends Withholding Tax.Dividend payments in respect of ADSs or ordinary shares may be made without withholding or deduction for or on account of U.K. tax. United Kingdom Income Tax.A U.K. Individual Holder (being an individual who is resident for tax purposes in the United Kingdom) who receives a dividend from the company will generally be subject to income tax on the dividend. For the tax year 2025/2026, a U.K. Individual Holder will generally pay income tax at a rate of 0% on the first £500 of dividends received by such U.K. Holder. Dividend income taxed at 0% will be taken into account in determining the rate at which income in excess of this tax-freeallowance will (subject to the availability of any income tax personal allowance) be taxed. A U.K. Individual Holder who is subject to income tax at the basic rate will be liable to tax on the dividend at the current marginal rate of 8.75%. A U.K. Individual Holder who is subject to income tax at the higher rate (but not the additional rate) will be liable to income tax on the dividend