Company: BDRX
Filing Date: 2025-05-08
Form Type: POS AM
Source: 0001214659-25-007201
Chunk: 62

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-08
Form: POS AM
Chunk 62
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 to evidence the number of Depositary Shares representing such Ordinary Shares. Only whole Depositary Shares will be issued. Any Ordinary 
 Shares that would result in fractional Depositary Shares will be sold and the net proceeds of the public or private sales of such will        
 be distributed in the same manner as cash to the ADR holders entitled thereto.                                                                |

| · | Rights to receive additional Ordinary Shares. In the case of a distribution of rights to subscribe                                           
 for additional Ordinary Shares or other rights, if we timely provide evidence satisfactory to the depositary that it may lawfully distribute 
 such rights, the depositary will distribute warrants or other instruments in the discretion of the depositary representing such rights.      
 However, if we do not timely furnish such evidence, the depositary may:                                                                      |

| (i) | sell such rights if practicable and distribute the net proceeds of the public or private sales of such 
 rights in the same manner as cash to the ADR holders entitled thereto; or                              |

| (ii) | if it is not practicable to sell such rights by reason of the non-transferability of the rights, limited                               
 markets therefor, their short duration or otherwise, do nothing and allow such rights to lapse, in which case ADR holders will receive 
 nothing and the rights may lapse.                                                                                                      |

| 45 |

We have no obligation to file a registration statement under
the Securities Act in order to make any rights available to ADR holders.

| · | Other Distributions. In the case of a distribution of securities or property other than those described                                 
 above, the depositary may either (i) distribute such securities or property in any manner it deems equitable and practicable or (ii) to 
 the extent the depositary deems distribution of such securities or property not to be equitable and practicable, sell such securities   
 or property and distribute any net proceeds of public or private sales in the same way it distributes cash.                             |

| · | Elective Distributions. In the case of a dividend payable at the election of our shareholders in                                               
 cash or in additional Ordinary Shares, we will notify the depositary at least 30 days prior to the proposed distribution stating whether       
 or not we wish such elective distribution to be made available to ADR holders. The depositary shall make such elective distribution available  
 to ADR holders only if (i) we shall have timely requested that the elective distribution is available to ADR holders, (ii) the depositary      
 shall have determined that