Company: NCNA
Filing Date: 2025-04-04
Form Type: DRS
Source: 0000950123-25-003335
Chunk: 45

Company: NuCana plc
Filing Date: 2025-04-04
Form: DRS
Chunk 45
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 (“ordinary shares”) or (ii) rights to subscribe for, or to convert securities into, ordinary shares, proposed to be allotted for cash must be offered first to the existing equity shareholders in the company in proportion                 
 to the respective nominal value of their holdings, unless the period during which any such offer may be accepted has expired or the company has received notice of acceptance of refusal, or an exception applies or a special resolution to the contrary 
 has been passed by shareholders in a general meeting or the articles of association provide otherwise (in each case in accordance with the provisions of the Companies Act 2006).                                                                         |     | Under Delaware law, shareholders have no preemptive rights to subscribe to additional issues of stock or to any security convertible into such stock unless, and except to the extent that, such rights are expressly provided for in               
 the certificate of incorporation.                                                                                                                                                                                                                   |
| Authority to Allot |     | Under the Companies Act 2006, the directors of a company must not allot shares or grant rights to subscribe for or to convert any security into shares unless an exception applies or an ordinary resolution to the contrary has been                     
 passed by shareholders in a general meeting or the articles of association provide otherwise (in each case in accordance with the provisions of the Companies Act 2006).                                                                                  |     | Under Delaware law, if the corporation’s charter or certificate of incorporation so provides, the board of directors has the power to authorize the issuance of stock. It may authorize capital stock to be issued for                              
 consideration consisting of cash, any tangible or intangible property or any benefit to the corporation or any combination thereof. It may determine the amount of such consideration by approving a formula. In the absence of actual fraud in the 
 transaction, the judgment of the directors as to the value of such consideration is conclusive.                                                                                                                                                     |

31

Confidential Treatment Requested by Nucana plc Pursuant to 17 C.F.R. Section 200.83

| Liability of Directors and Officers |     | Under the Companies Act 2006, any provision (whether contained in a company’s articles of association or any contract or otherwise) that                                                                                                                 
 purports to exempt a director of a company, to any extent, from any liability that would otherwise attach to him in connection with any negligence, default, breach of duty or breach of trust in relation to the company is void.                       
 Any provision by which a company directly or indirectly provides an indemnity, to any                                                                                                                                                                    
 extent, for a director of the company or of an associated company against