Company: BDRX
Filing Date: 2025-01-28
Form Type: 424B3
Source: 0001214659-25-001409
Chunk: 285

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-28
Form: 424B3
Chunk 285
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rights to acquire our Ordinary Shares, and such distribution consists of securities or property that are not distributed by the depositary
the depositary will be deemed to have sold the aggregate number of securities and/or property so received for nominal value and shall
have no obligation to distribute such securities or any proceeds from the deemed sale thereof to the ADR holders. Furthermore, in the
event the depositary endeavors to make a sale of Ordinary Shares, other securities or property, such securities and/or property may be
sold in a block sale or single lot transaction.

Except as stated below, the
depositary will deliver such distributions to ADR holders in proportion to their interests in the following manner:

| · | Cash. The depositary will distribute any U.S. dollars available to it resulting from a cash dividend                                          
 or other cash distribution or the net proceeds of sales of any other distribution or portion thereof (to the extent applicable), on an        
 averaged or other practicable basis, subject to (i) appropriate adjustments for taxes withheld, (ii) such distribution being permissible      
 or practicable with respect to certain registered ADR holders, and (iii) deduction of the depositary's and/or its agents' fees and expenses   
 in (1) converting any foreign currency to U.S. dollars to the extent that it determines that such conversion may be made on a reasonable      
 basis, (2) transferring foreign currency or U.S. dollars to the United States by such means as the depositary may determine to the extent     
 that it determines that such transfer may be made on a reasonable basis, (3) obtaining any approval or license of any governmental authority  
 required for such conversion or transfer, which is obtainable at a reasonable cost and within a reasonable time and (4) making any sale       
 by public or private means in any commercially reasonable manner. To the extent that any of the deposited securities is not or shall not      
 be entitled, by reason of its date of issuance, or otherwise, to receive the full amount of such cash dividend, distribution, or net proceeds 
 of sales, the depositary shall make appropriate adjustments in the amounts distributed to the ADR holders issued in respect of such deposited 
 securities. To the extent we or the depositary shall be required to withhold and do withhold from any cash dividend, distribution or net      
 proceeds from sales in respect of any deposited securities an amount on account of taxes, the amount distributed on the Depositary Shares     
 issued in respect of such deposited securities shall be reduced accordingly.                                                                  |

To the extent