Company: BDRX
Filing Date: 2025-05-12
Form Type: 424B3
Source: 0001214659-25-007341
Chunk: 75

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-12
Form: 424B3
Chunk 75
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 deposited securities in trust for the beneficial owners of the ADRs if we are not permitted to hold
any of the deposited securities under applicable law and/or we have directed the depositary to deliver such deposited securities to the
company representative or trustee along with a stock transfer form and/or such other instruments of transfer covering such deposited securities
as are needed under applicable law, in either case referring to the names set forth on the ADR register and (D) provide us with a copy
of the ADR register.

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Upon receipt of any instrument of transfer
covering such deposited securities and the ADR Register, we have agreed that we will, depending on what is legally required under local
law, either deliver to each person reflected on such ADR register appropriate documentation to effect the transfer to such persons of
the deposited securities previously represented by the Depositary Shares evidenced by their ADRs, approve the transfer of the deposited
securities previously represented by their ADRs to the persons listed on the ADR register (as applicable), procure the relevant updates
to the register of members of the Company to reflect the transfer of the deposited securities previously represented by their ADRs to
the persons listed on the ADR register (as applicable) and provide the depositary with a certified copy of the updated register of our
shareholders.

To the extent the depositary reasonably
believes that we are insolvent, or if we are in receivership, have filed for bankruptcy and/or are otherwise in restructuring, administration
or liquidation, and in any such case the deposited securities are not listed and publicly traded on a securities exchange after the termination
date, or if, for any reason, the depositary believes it is not able to or cannot practicably sell the deposited securities promptly and
without undue effort, the deposited securities shall be deemed to have no value (and such holder shall be deemed to have instructed the
depositary that the deposited securities have no value). The depositary may (and, by holding an ADR or an interest therein, all holders
irrevocably consent and agree that the depositary may) instruct its custodian to deliver all deposited securities to us (acting, as applicable
by an administrator, receiver, administrative receiver, liquidator, provisional liquidator, restructuring officer, interim restructuring
officer, trustee, controller or other entity overseeing the bankruptcy, insolvency, administration, restructuring or liquidation process)
and notify us that the deposited securities are surrendered for no consideration. The