Company: ANPCF
Filing Date: 2025-11-19
Form Type: 424B3
Source: 0001193805-25-001618
Chunk: 31

Company: ANGLE plc
Filing Date: 2025-11-19
Form: 424B3
Chunk 31
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Notwithstanding the foregoing, in the event that any Deposited Property so received may not be lawfully distributed to some or all Holders,
the Depositary may, with the Company’s approval, and shall, if the Company requests, subject to receipt of an opinion of Company’s
counsel reasonably satisfactory to the Depositary that such action is not in violation of any applicable laws or regulations, sell such
Deposited Property at public or private sale, at such place or places and upon such terms as it may deem proper and may allocate the net
proceeds of such sales (net of (a) fees and charges of, and expenses incurred by, the Depositary and (b) taxes) for the account of the
Holders otherwise entitled to such Deposited Property upon an averaged or other practicable basis without regard to any distinctions among
such Holders and distribute the net proceeds so allocated to the extent practicable as in the case of a distribution received in cash
pursuant to Section 4.1 of the Deposit Agreement. The Depositary shall not be responsible for (i) any failure to determine that it may
be lawful or practicable to make such Deposited Property available to Holders in general or to any Holder in particular, (ii) any foreign
exchange exposure or loss incurred in connection with such sale, or (iii) any liability to the purchaser of such Deposited Property.

<div align='center'>B-22</div>

(20) Exoneration. Notwithstanding anything contained in the Deposit Agreement or any ADR, neither the Depositary nor the
Company shall be obligated to do or perform any act which is inconsistent with the provisions of the Deposit Agreement or incur any liability
(to the extent not limited by paragraph (25) of this ADR) (i) if the Depositary, the Custodian, the Company or their respective agents
shall be prevented or forbidden from, or delayed in, doing or performing any act or thing required or contemplated by the terms of the
Deposit Agreement and this ADR, by reason of any provision of any present or future law or regulation of the United States, England and
Wales or any other country, or of any other governmental authority or regulatory authority or stock exchange, or on account of potential
criminal or civil penalties or restraint, or by reason of any provision, present or future, of the Articles of Association or any provision
of or governing any Deposited Securities, or by reason of any act of God or war or