Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 76

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 76
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0269 |     |  0.0085 |     |  0.0002 |     |  0.0000 |
| February 1, 2030 |     |    4.2240 |     | 2.7732 |     | 1.2046 |     | 0.0000 |     |  0.0000 |     |  0.0000 |     |  0.0000 |     |  0.0000 |     |  0.0000 |     |  0.0000 |     |  0.0000 |     |  0.0000 |

S-42

TABLE OF CONTENTS

The exact ADS prices and effective dates may not be set forth in the table above, in which case

| • | If the ADS price is between two ADS prices in the table or the effective date is between two effective dates in the table, the number of additional ADSs by which the conversion rate will be increased will be determined by a straight-line interpolation between the number of additional ADSs set forth for the higher and lower ADS prices and the earlier and later effective dates, as applicable, based on a 365-day year or a 366-day year, as applicable. |

| • | If the ADS price is greater than $660.00 per ADS (subject to adjustment in the same manner as the ADS prices set forth in the column headings of the table above), no additional ADSs will be added to the conversion rate. |

| • | If the ADS price is less than $67.64 per ADS (subject to adjustment in the same manner as the ADS prices set forth in the column headings of the table above), no additional ADSs will be added to the conversion rate. |

Notwithstanding the foregoing, in no event will the conversion rate per $1,000 principal amount of notes exceed 14.7841 ADSs, subject to adjustment in the same manner as the conversion rate as set forth under the caption “—Conversion Rate Adjustments.” Our obligation to increase the conversion rate for notes converted in connection with a make-whole fundamental change or notes called (or deemed called) for redemption that are converted during the related redemption period could be considered a penalty, in which case the enforceability thereof would be subject to general principles of reasonableness and equitable remedies. Fundamental Change Permits Holders to Require Us to Repurchase Notes If a “fundamental change” (