Company: BDRX
Filing Date: 2025-05-08
Form Type: POS AM
Source: 0001214659-25-007196
Chunk: 56

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-08
Form: POS AM
Chunk 56
---
 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 failure to obtain the action; or                                                                                              
 ·     state                                                                                                                                   
 the reasons for not making the effort.                                                                                                        
 Additionally, the plaintiff must remain a stockholder                                                                                         
 through the duration of the derivative suit. The action will not be dismissed or compromised without the approval of the Delaware Court       
 of Chancery.                                                                                                                                  |

| 37 |

<div align='center'>DESCRIPTION OF AMERICAN DEPOSITARY SHARES</div>

Our Depositary Shares are
deposited pursuant to the Second Amended and Restated Deposit Agreement dated December 18, 2023, among the Company, JPMorgan Chase Bank,
N.A., as depositary, and holders and beneficial owners of American Depositary Receipts, or the Deposit Agreement. The depositary registers
and delivers the Depositary Shares. Each Depositary Share represents ownership of