Company: ANPCF
Filing Date: 2025-11-19
Form Type: 424B3
Source: 0001193805-25-001618
Chunk: 29

Company: ANGLE plc
Filing Date: 2025-11-19
Form: 424B3
Chunk 29
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) the Depositary receives voting instructions
from a Holder which fail to specify the manner in which the Depositary is to vote the Deposited Securities represented by such Holder’s
ADSs, such Holder shall be deemed, and the Depositary shall deem such Holder, to have instructed the Depositary to give a discretionary
proxy to a person designated by the Company to vote the Deposited Securities; provided, however, that no such discretionary proxy shall
be given by the Depositary with respect to any matter to be voted upon as to which the Company informs the Depositary that (a) the Company
does not wish such proxy to be given, (b) substantial opposition exists, or (c) the rights of holders of Deposited Securities may be adversely
affected.

<div align='center'>B-20</div>

Deposited Securities represented
by ADSs for which no timely voting instructions are received by the Depositary from the Holder shall not be voted (except (a) in the case
voting is by show of hands, in which case the Depositary will instruct the Custodian to vote all Deposited Securities in accordance with
the voting instructions received from a majority of Holders of ADSs who provided timely voting instructions, and (b) as contemplated in
this Section 4.10). Neither the Depositary nor the Custodian shall under any circumstances exercise any discretion as to voting and neither
the Depositary nor the Custodian shall vote, attempt to exercise the right to vote, or in any way make use of, for purposes of establishing
a quorum or otherwise, the Deposited Securities represented by ADSs, except pursuant to and in accordance with the voting instructions
timely received from Holders or as otherwise contemplated in the Deposit Agreement or herein.

Notwithstanding anything else
contained herein, the Depositary shall, if so requested in writing by the Company, represent all Deposited Securities (whether or not
voting instructions have been received in respect of such Deposited Securities from Holders as of the ADS Record Date) for the sole purpose
of establishing quorum at a meeting of shareholders.

Notwithstanding anything else
contained in the Deposit Agreement or this ADR, the Depositary shall not have any obligation to take any action with respect to any meeting,
or solicitation of consents or proxies, of holders of Deposited Securities if the taking of such action would violate U.S. or English
laws. The Company agrees to take any and all actions reasonably necessary and as permitted by the laws