Company: BDRX
Filing Date: 2025-11-17
Form Type: POS AM
Source: 0001214659-25-016826
Chunk: 66

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-17
Form: POS AM
Chunk 66
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 Depositary Shares
if you or your broker deposit Ordinary Shares or evidence of rights to receive Ordinary Shares with the custodian and pay the fees and
expenses owing to the depositary in connection with such issuance.

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In connection with the deposit of Ordinary Shares,
the depositary or its custodian may require the following in a form satisfactory to it: (i) a written order directing the depositary to
issue to, or upon the written order of, the person or persons designated in such order Depositary Shares representing such deposited Shares;
(ii) proper endorsements or duly executed instruments of transfer in respect of such deposited Shares; (iii) instruments assigning to
the depositary, its custodian or a nominee of either any distribution on or in respect of such deposited shares or indemnity therefor;
and (iv) proxies entitling the custodian to vote such deposited shares. The deposited Ordinary Shares and any such additional items are
referred to as “deposited securities.” As soon as practicable after the custodian receives deposited securities pursuant to
any such deposit or pursuant to a distribution or change affecting deposited securities, the custodian shall present such deposited securities
for registration of transfer into the name of the depositary, its custodian or a nominee of either, in each case for the benefit of ADR
holders, to the extent such registration is practicable, at the cost and expense of the person making such deposit (or for whose benefit
such deposit is made) and shall obtain evidence satisfactory to it of such registration.

The custodian will hold all deposited securities
for the account and to the order of the depositary, in each case for the benefit of ADR holders, to the extent not prohibited by law.
ADR holders and beneficial owners thus have no direct ownership interest in the Ordinary Shares and only have such rights as are contained
in the Deposit Agreement. The custodian will also hold any additional securities, property and cash received on or in substitution for
the deposited securities.

Deposited securities are
not intended to, and shall not, constitute proprietary assets of the depositary, the custodian or their nominees. Beneficial ownership
in deposited securities is intended to be, and shall at all times during the term of the Deposit Agreement continue to be, vested in the
beneficial owners of the Depositary Shares representing such deposited securities. Notwithstanding anything else contained herein, in
the Deposit Agreement, in the form of ADR and/or in any outstanding Depositary Shares, the depositary