Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 60

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 60
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 clause (1) shall become effective immediately after the open of business on the ex-dividend date for such dividend or distribution, or immediately after the open of business on the effective date for such share split or share combination, as applicable. If any dividend or distribution of the type described in this clause (1) is declared but not so paid or made, the conversion rate shall be immediately readjusted, effective as of the date our board of directors or a committee thereof determines not to pay such dividend or distribution, to the conversion rate that would then be in effect if such dividend or distribution had not been declared.

| (2) | If we distribute to all or substantially all holders of our ordinary shares (directly or in the form of ADSs) any rights, options or warrants (other than pursuant to a shareholder rights plan) entitling them, for a period of not more than 60 calendar days after the announcement date of such distribution, to subscribe for or purchase ordinary shares (directly or in the form of ADSs) at a price per ordinary share that is less than the average of the last reported sale prices of our ordinary shares or ADSs, as the case may be (divided by, in the case of ADSs, the number of ordinary shares then represented by one ADS), for the 10 consecutive trading day period ending on, and including, the trading day immediately preceding the date of announcement of such distribution, the conversion rate will be increased based on the following formula: |

| CR1= CR0× |        |     | OS0+ X |
|           | OS0+ Y |     |        |

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where, CR 0= the conversion rate in effect immediately prior to the open of business on the ex-dividend date for the ADSs for such distribution; CR 1= the conversion rate in effect immediately after the open of business on such ex-dividend date; OS 0= the number of ordinary shares outstanding immediately prior to the open of business on such ex-dividend date; X = the total number of ordinary shares (directly or in the form of ADSs) distributable pursuant to such rights, options or warrants; and Y = the number of ordinary shares equal to (i) the aggregate price payable to exercise such rights, options or warrants, divided by(ii) the quotient of (a) the average of the last reported sale prices of the ADSs over the 10 consecutive trading day period ending on, and