Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 48

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 48
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 the payment of Additional Amounts to the extent that, in such context, Additional Amounts would be payable in respect thereof. The obligations under this section will survive any termination or discharge of the indenture and will apply, mutatis mutandis, to any jurisdiction in which any successor person to us is organized, resident or doing business for Tax purposes or any jurisdiction from or through which such person or its paying agent makes any payment on the notes and, in each case, any department or political subdivision thereof or therein. Tax Redemption We may redeem the notes, in whole but not in part, at our option if we have been, or on the next date on which any amount would be payable in respect of the notes, we would be, required to pay Additional Amounts as a result of:

| (1) | any amendment to, or change in, the laws or any regulations or rulings promulgated thereunder of a Relevant Tax Jurisdiction that is enacted and becomes effective on or after January 30, 2024, which was the date of the offering memorandum (as defined below) (or, if the applicable Relevant Tax Jurisdiction became a Relevant Tax Jurisdiction on a date after the date of the offering memorandum, such later date); or |

| (2) | any amendment to, or change in, an official interpretation or application regarding such laws, regulations or rulings, including by virtue of a holding, judgment or order by a court of competent jurisdiction that becomes effective on or after the date of the offering memorandum (or, if the applicable Relevant Tax Jurisdiction became a Relevant Tax Jurisdiction on a date after the date of the offering memorandum, such later date). |

(each, a “change in tax law”), provided that we may only redeem the notes if:

| • | we cannot avoid these obligations by taking commercially reasonable measures available to us; and |

| • | we deliver to the trustee an opinion of legal counsel or tax advisor, in each case, of recognized standing with respect to Taxes of the applicable Relevant Tax Jurisdiction to the effect that a change in tax law occurred and an officer’s certificate confirming that we cannot avoid paying Additional Amounts by taking commercially reasonable measures. |

We will not give any such notice of a tax redemption earlier than 90 days prior to the earliest date on which we would be obligated to pay Additional Amounts, and, at the time such notice is given, the obligation to pay Additional Amounts must remain in effect. In the case of any tax redemption, we will provide not less