Company: BDRX
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001214659-25-016821
Chunk: 100

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-17
Form: F-1
Chunk 100
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 on the Depositary Shares issued in respect of such deposited securities shall be reduced accordingly. To the extent the depositary 
 determines in its discretion that it would not be permitted by applicable law, rule or regulation, or it would not otherwise be practicable,   
 to convert foreign currency into U.S. dollars and distribute such U.S. dollars to some or all of the ADR holders entitled thereto, the         
 depositary may in its discretion distribute some or all of the foreign currency received by the depositary as it deems permissible and         
 practicable to, or retain and hold such foreign currency uninvested and without liability for interest thereon for the respective accounts     
 of, the ADR holders entitled to receive the same. To the extent the depositary retains and holds any cash, foreign currency, securities        
 or other property as permitted under the Deposit Agreement, any and all fees, charges and expenses related to, or arising from, the holding    
 thereof shall be paid from such cash, foreign currency, securities or other property, or the net proceeds from the sale thereof, thereby       
 reducing the amount so held. If exchange rates fluctuate during a time when the depositary cannot convert a foreign currency, you may          
 lose some or all of the value of the distribution.                                                                                             |

| · | Shares. In the case of a distribution in Ordinary Shares, the depositary will issue additional                                                
 ADRs to evidence the number of Depositary Shares representing such Ordinary Shares. Only whole Depositary Shares will be issued. Any Ordinary 
 Shares that would result in fractional Depositary Shares will be sold and the net proceeds of the public or private sales of such will        
 be distributed in the same manner as cash to the ADR holders entitled thereto.                                                                |

| 64 |

| · | Rights to receive additional Ordinary Shares. In the case of a distribution of rights to subscribe                                           
 for additional Ordinary Shares or other rights, if we timely provide evidence satisfactory to the depositary that it may lawfully distribute 
 such rights, the depositary will distribute warrants or other instruments in the discretion of the depositary representing such rights.      
 However, if we do not timely furnish such evidence, the depositary may:                                                                      |

| (i) | sell such rights if practicable and distribute the net proceeds of the public or private sales of such 
 rights in the same manner as cash to the ADR holders entitled thereto; or                              |

| (ii) | if it is not practicable to sell such rights by reason of the non