Company: BDRX
Filing Date: 2025-04-29
Form Type: POS AM
Source: 0001214659-25-006581
Chunk: 78

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-04-29
Form: POS AM
Chunk 78
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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, the custodian and their respective
nominees are intended to be, and shall at all times during the term of the Deposit Agreement be, the record holder(s) only of the deposited
securities represented by the Depositary Shares for the benefit of the ADR holders. The depositary, on its own behalf and on behalf of
the custodian and their respective nominees, disclaims any beneficial ownership interest in the deposited securities held on behalf of
the ADR holders.

Upon each deposit of Ordinary Shares, receipt of related delivery documentation
and compliance with the other provisions of the Deposit Agreement, including the payment of the fees and charges of the depositary and
any taxes or other fees or charges owing, the depositary will issue an ADR or ADRs in the name or upon the order of the person entitled
thereto evidencing the number of Depositary Shares to which such person is entitled. All of the Depositary Shares issued will, unless
specifically requested to the contrary, be part of the depositary’s direct registration system, and a registered holder will receive
periodic statements from the depositary which will show the number of Depositary Shares registered in such ADR holder’s name. An
ADR holder can request that the Depositary Shares not be held through the depositary’s direct registration system and that a certificated
ADR be issued.

How do ADR holders cancel a Depositary Share and obtain deposited securities?

When you turn in your ADR
certificate at the depositary’s office, or when you provide proper instructions and documentation in the case of direct registration Depositary
Shares, subject to the provisions of or governing our Ordinary Shares (including, without limitation, our governing documents and all
applicable laws, rules and regulations), the depositary will, upon payment of certain applicable fees, charges and taxes, deliver the
underlying Ordinary Shares to you or upon your written order. Delivery of deposited securities in certificated form will be made at the
custodian’s office (or from the custodian to the extent dematerialized). At your risk, expense and request, the depositary may deliver
deposited securities (including any certificates therefor) at such other place as you may request.

The depositary may only restrict
the withdrawal of deposited