Company: IMCR
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001140361-25-012123
Chunk: 30

Company: Immunocore Holdings plc
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 30
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VAL OF OUR U.K. STATUTORY DIRECTORS’ ANNUAL REPORT ON REMUNERATION SET FORTH IN ANNEX A. 20 TABLE OF CONTENTS RESOLUTION 10 APPROVAL OF THE DIRECTORS’ REMUNERATION POLICY In accordance with section 439A of the Companies Act, a resolution to approve the directors’ remuneration policy is required to be put to a vote by shareholders at least every three years. The vote is binding, which means that payments, including for loss of office, cannot be made to current, past or future directors unless that payment is consistent with the directors’ remuneration policy or has been approved by a resolution of the shareholders. The previous remuneration policy was approved by our shareholders at our 2022 annual general meeting. Resolution 10 is an ordinary resolution to approve the new directors’ remuneration policy, which is set out in full at pages A- 5to A- 15of Annex A and on pages 26 to 36 of the 2024 U.K. Annual Report. If approved, the directors’ remuneration policy will take effect immediately after the end of the AGM and will remain valid until replaced by a new or amended policy (expected to occur at the 2028 annual general meeting). Vote Required The affirmative vote of holders representing a simple majority of the total voting rights of shareholders present in person or by proxy who (being entitled to vote) vote on the matter will be required to pass this resolution. THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE APPROVAL OF OUR DIRECTORS’ REMUNERATION POLICY SET FORTH IN ANNEX A. 21 TABLE OF CONTENTS RESOLUTION 11 AUTHORIZATION TO MAKE POLITICAL DONATIONS OR INCUR POLITICAL EXPENDITURE We do not make, and do not intend to make, any political donations or incur political expenditure. However, the law in this area is widely drafted and could prohibit some activities (such as political lobbying and promoting changes in the laws, which our board of directors would consider to be in our interest) unless we have first obtained shareholder approval. This resolution therefore seeks authority to permit political donations and political expenditure in order to authorize activities which would be within our ordinary business. The resolution also permits political donations made, and political expenditure incurred, by any of our subsidiaries. Resolution 11 caps the amount of political donations and expenditure that the Company and its subsidiaries would be permitted to make at £50,000 in each of the