AIM Rule 26

Business description

Biodexa Pharmaceuticals is a drug delivery technology company focused on improving the bio-delivery and bio-distribution of medicines. The Company combines approved and development medications with its proprietary and innovative drug delivery technologies to provide compelling products that have the potential to powerfully impact the lives of patients.

Company information

Country of incorporation and main country of operation

Biodexa Pharmaceuticals PLC is incorporated in England and Wales. Its main country of operation is in the UK.

Constitutional documents

Proposed New Articles of Association (pdf)
Articles of Association (pdf)
Midatech Pharma Limited – Incorporation Documents (pdf)
Midatech Pharma PLC – Certificate of Re-registration (pdf)

Securities in issue

Details of the number of shares in issue, the percentage of shares that is not in public hands and the identity and percentage holdings of its significant shareholders are available here.

QCA Corporate Governance Code

Biodexa Pharmaceuticals has chosen to adopt the principles of the Quoted Companies Alliance Corporate Governance Code (the “QCA Code”). The QCA Code identifies ten principles to be followed in order for companies to deliver growth in long term shareholder value, encompassing and efficient, effective and dynamic management framework accompanied by good communication to promote confidence and trust.

The sections below set out the ways in which the Group applies the ten principles of the QCA Code in support of the Group’s medium to long-term success and identified areas where Biodexa Pharmaceuticals departs from the QCA Code recommendations, is available here.

This disclosure was last reviewed and updated on 28 March 2023.

Directors responsibilities

Details of Biodexa Pharmaceuticals Board of Directors, including biographical information is available here.

The Board of Directors is responsible to the shareholders for the proper management of the Company. It intends to meet regularly to consider the strategy and direction of the Company, to review scientific, operational and financial performance and to advise on management appointments. All key operational and investment decisions are subject to Board approval. The Company Secretary is responsible for ensuring that the Board procedures are followed and applicable rules and regulations are complied with.

Board committees

The Board has three Committees, Audit, Remuneration and Nominations.

The Audit Committee comprises Simon Turton (Chair), Sijmen de Vries and Stephen Parker, and will meet formally not less than twice every year and otherwise as required. The terms of reference of the Audit Committee can be found here.

The Remuneration Committee comprises Sijmen de Vries (Chair), Stephen Parker and Simon Turton and will meet not less than twice a year and at such other times as the chairman of the committee shall require. The terms of reference of the Remuneration Committee can be found here.

The Nominations Committee comprises the full Board and is chaired by Stephen Parker. The Nominations Committee will meet not less than once a year and at such other times as the chairman of the committee shall require. The terms of reference of the Nominations Committee can be found here.

Annual reports, interim reports and RNS

Copies of the Company’s annual reports and interim financial statements may be accessed here.
Notifications, admission document and circulars.

Click on the links below for access to the following documents:

• all regulatory announcements issued in the last 12 months

Admission document

The Company’s AIM Admission Document is available here:

Admission Document (pdf)

Circulars

Circulars sent to shareholders are available here

Takeover code

The City Code on Takeovers and Mergers published by the Panel on Takeovers and Mergers applies to the Company.

Takeover Panel Waiver

Documents relating to the proposed waiver of obligations under Rule 9 of the City Code on Takeovers and Mergers can be found here.

Advisers

Details of the Company’s nominated adviser and other key advisers may be found here.

This information is disclosed in accordance with Rule 26 of the Aim Rules and was last updated on 28 March 2023.