Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 43

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 43
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 applicable, at any time during the redemption period (as defined below).

Accordingly, if we elect to redeem fewer than all of the outstanding notes as described in this section, holders of the notes not called for redemption will not be entitled to an increased conversion rate on account of the notice

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of redemption for conversions of such notes during the related redemption period, except in the limited circumstances set forth in the immediately preceding paragraph. The trustee shall have no obligation to make any determination in connection with the foregoing.

If we decide to redeem fewer than all of the outstanding notes and the notes to be redeemed are global notes, the notes to be redeemed will be selected by DTC in accordance with applicable DTC procedures. If we decide to redeem fewer than all of the outstanding notes and the notes to be redeemed are not global notes then held by DTC, the trustee will select the notes to be redeemed (in principal amounts of $1,000 or multiples thereof) by lot, on a pro rata basis, or by another method the trustee considers to be fair and appropriate.

If the trustee (or DTC, with respect to global notes) selects a portion of a holder’s notes for partial redemption and such holder converts a portion of the same notes, the converted portion will be deemed to be from the portion selected for redemption.

In the event of any redemption in part, we will not be required to register the transfer of or exchange for other notes any note so selected for redemption, in whole or in part, except the unredeemed portion of any note being redeemed in part.

No notes may be redeemed if the principal amount of the notes has been accelerated, and such acceleration has not been rescinded, on or prior to the optional redemption date (except in the case of an acceleration resulting from a default by us in the payment of the optional redemption price with respect to such notes).

The “last reported sale price” of our ADSs (or other security for which a closing sale price must be determined) on any date means the closing sale price per ADS (or if no closing sale price is reported, the average of the bid and ask prices or, if more than one in either case, the average of the average bid and the average ask prices) on that date as reported in composite transactions for the principal U.S. national or regional securities exchange on which our ADSs (or such other security) are traded. If our ADSs (or such other security)