Company: BDRX
Filing Date: 2025-04-29
Form Type: POS AM
Source: 0001214659-25-006581
Chunk: 73

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-04-29
Form: POS AM
Chunk 73
---
 depositary holds deposited securities that are not listed and publicly traded after the termination date of the
Deposit Agreement, act in accordance with the termination provisions of the Deposit Agreement and form of ADR in respect of such securities
and property; and (ii) in the event the depositary or its custodian receives a distribution other than cash, our Ordinary Shares and/or
rights to acquire our Ordinary Shares, and such distribution consists of securities or property that are not distributed by the depositary
the depositary will be deemed to have sold the aggregate number of securities and/or property so received for nominal value and shall
have no obligation to distribute such securities or any proceeds from the deemed sale thereof to the ADR holders. Furthermore, in the
event the depositary endeavors to make a sale of Ordinary Shares, other securities or property, such securities and/or property may be
sold in a block sale or single lot transaction.

| 50 |

Except as stated below, the
depositary will deliver such distributions to ADR holders in proportion to their interests in the following manner:

| · | Cash. The depositary will distribute any U.S. dollars available to it resulting                                                                   
 from a cash dividend or other cash distribution or the net proceeds of sales of any other distribution or portion thereof (to the extent          
 applicable), on an averaged or other practicable basis, subject to (i) appropriate adjustments for taxes withheld, (ii) such distribution         
 being permissible or practicable with respect to certain registered ADR holders, and (iii) deduction of the depositary’s and/or                   
 its agents’ fees and expenses in (1) converting any foreign currency to U.S. dollars to the extent that it determines that such                   
 conversion may be made on a reasonable basis, (2) transferring foreign currency or U.S. dollars to the United States by such means as             
 the depositary may determine to the extent that it determines that such transfer may be made on a reasonable basis, (3) obtaining any             
 approval or license of any governmental authority required for such conversion or transfer, which is obtainable at a reasonable cost and          
 within a reasonable time and (4) making any sale by public or private means in any commercially reasonable manner. To the extent that             
 any of the deposited securities is not or shall not be entitled, by reason of its date of issuance, or otherwise, to receive the full             
 amount of such cash dividend, distribution, or net proceeds of sales, the depositary shall make appropriate adjustments in the amounts            
 distributed to the A