Company: BDRX
Filing Date: 2025-11-17
Form Type: POS AM
Source: 0001214659-25-016809
Chunk: 71

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-17
Form: POS AM
Chunk 71
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posited 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, 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