Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 68

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 68
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 date is fixed by our board of directors or a duly authorized committee thereof, statute, contract or otherwise). Subject to applicable exchange listing rules, we are permitted to increase the conversion rate of the notes by any amount for a period of at least 20 business days if we determine that such increase would be in our best interest. Subject to applicable exchange listing rules, we may also (but are not required to) increase the conversion rate to avoid or diminish income tax to holders of the ordinary shares or the ADSs or rights to purchase ordinary shares or ADSs in connection with a dividend or distribution of ordinary shares or ADSs (or rights to acquire ordinary shares or ADSs) or similar event. A beneficial owner of a note may, in some circumstances, including a distribution of cash dividends to holders of our ordinary shares or ADSs, be deemed to have received a distribution subject to U.S. federal income tax as a result of an adjustment or the nonoccurrence of an adjustment to the conversion rate. For a discussion of the U.S. federal income tax treatment of an adjustment to the conversion rate, see the section titled “Taxation.” Any applicable withholding taxes (including backup withholding) may be withheld from payments of interest or payments or deliveries, as the case may be, upon conversion, repurchase or maturity of the notes, or if any withholding taxes (including backup withholding) are paid on behalf of a holder or beneficial owner, those withholding taxes may be withheld from payments or deliveries, as the case may be, of ADSs or, if required, cash payable on the notes (or, in some circumstances, any payments on our ADSs) or sales proceeds paid to, or other funds or assets of, the holder or beneficial owner. If we have a rights plan in effect upon conversion of the notes into ADSs, holders will receive, in addition to the ADSs received in connection with such conversion, the rights under the rights plan (either directly or in respect of the ordinary shares represented by such ADSs). However, if, prior to any conversion, the rights have separated from the ordinary shares represented by the ADSs in accordance with the provisions of the applicable rights plan, the conversion rate will be adjusted at the time of separation as if we distributed to all holders of the ordinary shares, evidences of indebtedness, assets, property, rights, options or warrants as described in clause (3) above, subject to readjustment in the event of the expiration, termination or redemption of such rights. We do not currently have a