Company: BDRX
Filing Date: 2025-01-28
Form Type: 424B3
Source: 0001214659-25-001409
Chunk: 106

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-28
Form: 424B3
Chunk 106
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, including the provisions of the United Kingdom Companies Act 2006, or the Companies Act, and by our Articles of Association.
These rights differ in certain respects from the rights of shareholders in typical U.S. corporations. See “Description of Share Capital—Differences in Corporate Law” for a description of the principal differences between the provisions of the Companies
Act applicable to us and, for example, the Delaware General Corporation Law relating to shareholders’ rights and protections.

| 52 |

Protections found in provisions under the United Kingdom City Code on Takeovers and Mergers may delay or discourage a takeover attempt, including attempts that may be beneficial to holders of our Ordinary Shares and Depositary Shares.

The United Kingdom City Code
on Takeovers and Mergers, or the City Code, applies, among other things, to an offer for a public limited company whose registered office
is in the United Kingdom and has its place of central management and control in United Kingdom, as determined by United Kingdom Panel
on Takeovers and Mergers, or the Takeover Panel. The Takeover Panel has confirmed we are subject to the City Code.

The City Code provides a framework
within which takeovers of certain companies organized in the United Kingdom are regulated and conducted. The following is a brief summary
of some of the most important rules of the City Code:

| • | In connection with a potential offer, if following an approach by or on behalf of a potential bidder,                                  
 the company is “the subject of rumor or speculation” or there is an “untoward movement” in the company’s                               
 share price, there is a requirement for the potential bidder to make a public announcement about a potential offer for the company, or 
 for the company to make a public announcement about its review of a potential offer.                                                   |

| • | When interests in shares carrying 10% or more of the voting rights of a class have been acquired by an                                    
 offeror (i.e., a bidder) in the offer period (i.e., before the shares subject to the offer have been acquired) or within the previous     
 12 months, the offer must be in cash or be accompanied by a cash alternative for all shareholders of that class at the highest price paid 
 by the offeror or any person acting in concert with them in that period. Further, if an offeror or any person acting in concert with them 
 acquires any interest in shares during the offer period, the offer for the shares must be in cash or accompanied by a cash