Company: BDRX
Filing Date: 2025-01-17
Form Type: F-1
Source: 0001214659-25-000922
Chunk: 283

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-17
Form: F-1
Chunk 283
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 director act in good        
 faith, with the care that an ordinarily prudent person would exercise under similar circumstances. Under this duty, a director must inform    
 himself of all material information reasonably available regarding a significant transaction. The duty of loyalty requires that a director    
 act in a manner he reasonably believes to be in the best interests of the corporation. He must not use his corporate position for personal    
 gain or advantage. In general, but subject to certain exceptions, actions of a director are presumed to have been made on an informed         
 basis, in good faith and in the honest belief that the action taken was in the best interests of the corporation. However, this presumption   
 may be rebutted by evidence of a breach of one of the fiduciary duties. Delaware courts have also imposed a heightened standard of conduct    
 upon directors of a Delaware corporation who take any action designed to defeat a threatened change in control of the corporation.            
 In addition, under Delaware law, when the board                                                                                               
 of directors of a Delaware corporation approves the sale or break-up of a corporation, the board of directors may, in certain circumstances,  
 have a duty to obtain the highest value reasonably available to the shareholders.                                                             |
| Stockholder Suits   |     | Under English law, generally, the company, rather than its shareholders, is the proper claimant in an action in respect of a wrong done to the company or where there is an irregularity in the company’s internal management. Notwithstanding this general position, the Companies Act provides that (i) a court may allow a shareholder to bring a derivative claim (that is, an action in respect of and on behalf of the company) in respect of a cause of action arising from a director’s negligence, default, breach of duty or breach of trust and (ii) a shareholder may bring a claim for a court order where the company’s affairs have been or are being conducted in a manner that is unfairly prejudicial to some of its shareholders. |     | Under Delaware law, a stockholder may initiate                                                                                                
 a derivative action to enforce a right of a corporation if the corporation fails to enforce the right itself. The complaint must:             
 ·     state                                                                                                                                   
 that the plaintiff was a stockholder at the time of the transaction of which the plaintiff complains or that the plaintiffs shares thereafter 
 devolved on the plaintiff by operation of law; and                                                                                            
 ·     allege                                                                                                                                  
 with particularity the efforts made by the plaintiff to obtain the action the plaintiff desires from the directors and the reasons for        
 the plaintiff’s