Company: BDRX
Filing Date: 2025-05-08
Form Type: POS AM
Source: 0001214659-25-007196
Chunk: 105

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-08
Form: POS AM
Chunk 105
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 shareholders). Adjustments to the exercise price of warrants made
pursuant to a bona fide reasonable adjustment formula that has the effect of preventing dilution of the interest of the
holders of warrants should generally not be considered to result in a constructive distribution. Any such constructive distribution would
be taxable whether or not there is an actual distribution of cash or other property. (See above for a more detailed discussion of the
rules applicable to distributions made by us in the section entitled “Dividends and Other Distributions on the Depositary Shares”).

Disposition of Foreign Currency

U.S. Holders are urged to consult their tax advisors
regarding the tax consequences of receiving, converting or disposing of any non-U.S. currency received as dividends on our Depositary
Shares or warrants or on the sale or retirement of a Depositary Share or warrant.

Tax on Net Investment Income

An additional 3.8% Medicare
tax may be imposed on some or all of such U.S. Holder’s “net investment income.” Net investment income generally includes
income from the Depositary Shares unless such income is derived in the ordinary course of the conduct of a trade or business (other than
a trade or business that consists of certain passive or trading activities). You should consult your tax advisors regarding the effect
this Medicare tax may have, if any, on your acquisition, ownership or disposition of the Depositary Shares and the warrants.

Information Reporting and Backup Withholding

Distributions with respect
to Depositary Shares and proceeds from the sale, exchange or disposition of Depositary Shares or warrants may be subject to information
reporting to the IRS, and possible U.S. backup withholding. Backup withholding will not apply, however, to a U.S. Holder who furnishes
a correct taxpayer identification number and makes any other required certification or who is otherwise exempt from backup withholding.
U.S. Holders who are required to establish their exempt status generally must provide such certification on U.S. Internal Revenue Service
Form W-9. U.S. Holders are urged to consult their tax advisors regarding the application of the United States information reporting
and backup withholding rules.

Backup withholding is not
an additional tax. Amounts withheld as backup withholding may be credited against a U.S. Holder’s United States federal income tax
liability, and a U.S. Holder may obtain a refund of any excess amounts withheld under the backup withholding rules by filing the appropriate
claim for refund with the IRS and furnishing any required information.

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Foreign