Company: BDRX
Filing Date: 2025-05-08
Form Type: POS AM
Source: 0001214659-25-007201
Chunk: 78

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-08
Form: POS AM
Chunk 78
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 by their ADRs to the persons listed on the ADR register (as applicable), procure the relevant updates
to the register of members of the Company to reflect the transfer of the deposited securities previously represented by their ADRs to
the persons listed on the ADR register (as applicable) and provide the depositary with a certified copy of the updated register of our
shareholders.

To the extent the depositary reasonably
believes that we are insolvent, or if we are in receivership, have filed for bankruptcy and/or are otherwise in restructuring, administration
or liquidation, and in any such case the deposited securities are not listed and publicly traded on a securities exchange after the termination
date, or if, for any reason, the depositary believes it is not able to or cannot practicably sell the deposited securities promptly and
without undue effort, the deposited securities shall be deemed to have no value (and such holder shall be deemed to have instructed the
depositary that the deposited securities have no value). The depositary may (and, by holding an ADR or an interest therein, all holders
irrevocably consent and agree that the depositary may) instruct its custodian to deliver all deposited securities to us (acting, as applicable
by an administrator, receiver, administrative receiver, liquidator, provisional liquidator, restructuring officer, interim restructuring
officer, trustee, controller or other entity overseeing the bankruptcy, insolvency, administration, restructuring or liquidation process)
and notify us that the deposited securities are surrendered for no consideration. The Deposit Agreement requires us, subject to applicable
law, to promptly accept the surrender of the deposited securities for no consideration and deliver to the depositary a written notice
confirming (A) the acceptance of the surrender of the deposited securities for no consideration and (B) the cancellation of such deposited
securities. Promptly after notifying us that the deposited securities are surrendered for no consideration and irrespective of whether
we haves complied with the immediately preceding sentence, the depositary shall notify ADR holders that their Depositary Shares have been
cancelled with no consideration being payable to such ADR holders.

Upon the depositary’s compliance with
the provisions of any of the above three paragraphs, the depositary and its agents shall be discharged from all, and cease to have any,
obligations under the Deposit Agreement and the ADRs.

If our Ordinary Shares are listed and publicly
traded on a securities exchange and the depositary believes that it is able,