Company: BDRX
Filing Date: 2025-12-08
Form Type: F-1/A
Source: 0001214659-25-017719
Chunk: 144

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-12-08
Form: F-1/A
Chunk 144
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 the holders of the Series L Warrants should generally not be considered to result in a constructive distribution.
Any such constructive distribution would be taxable whether or not there is an actual distribution of cash or other property. (See above
for a more detailed discussion of the rules applicable to distributions made by us in the section entitled “Dividends and Other Distributions on the Depositary Shares and Pre-Funded Warrants”).

Disposition of Foreign Currency

U.S. Holders are urged to consult their tax advisors
regarding the tax consequences of receiving, converting or disposing of any non-U.S. currency received as dividends on our Depositary
Shares, Pre-Funded Warrants, or Series L Warrants or on the sale or retirement of a Depositary Share, Pre-Funded Warrants,
or Series L Warrants.

Tax on Net Investment Income

An additional 3.8% Medicare
tax may be imposed on some or all of such U.S. Holder’s “net investment income.” Net investment income generally includes
income from the Depositary Shares unless such income is derived in the ordinary course of the conduct of a trade or business (other than
a trade or business that consists of certain passive or trading activities). You should consult your tax advisors regarding the effect
this Medicare tax may have, if any, on your acquisition, ownership or disposition of the Depositary Shares, the Pre-Funded Warrants,
and the Series L Warrants.

Information Reporting and Backup Withholding

Distributions with respect
to Depositary Shares or Pre-Funded Warrants and proceeds from the sale, exchange or disposition of Depositary Shares, Pre-Funded Warrants,
or Series L Warrants may be subject to information reporting to the IRS, and possible U.S. backup withholding. Backup withholding will
not apply, however, to a U.S. Holder who furnishes a correct taxpayer identification number and makes any other required certification
or who is otherwise exempt from backup withholding. U.S. Holders who are required to establish their exempt status generally must provide
such certification on U.S. Internal Revenue Service Form W-9. U.S. Holders are urged to consult their tax advisors regarding
the application of the United States information reporting and backup withholding rules.

Backup withholding is not
an additional tax. Amounts withheld as backup withholding may be credited against a U.S. Holder’s United States federal income tax
liability, and a U.S. Holder may obtain a refund of any excess amounts withheld under the backup withholding rules by filing the appropriate