Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 70

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 70
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 structured or derivative transactions such as accelerated share repurchase transactions or similar forward derivatives, or other buy-back transaction, that is not a tender offer or exchange offer of the kind described under clause (5) above; |

| • | solely for a change in the nominal value (or lack of nominal value) of our ordinary shares; or |

| • | for accrued and unpaid interest, if any. |

Adjustments to the conversion rate will be calculated to the nearest 1/10,000th of a share. If an adjustment to the conversion rate otherwise required by the provisions described above would result in a change of less than 1% to the conversion rate, then, notwithstanding the foregoing, we may, at our election, defer and carry forward such adjustment, except that all such deferred adjustments must be given effect immediately upon the earliest to occur of the following: (i) when all such deferred adjustments would result in an aggregate change of at least 1% to the conversion rate; (ii) on the conversion date for any notes; (iii) on each trading day of any observation period relating to any conversion of notes; (iv) on any date on which we deliver a notice of optional redemption or a notice of tax redemption; and (v) on the effective date of any fundamental change and/or make-whole fundamental change, in each case, unless the adjustment has already been made. Recapitalizations, Reclassifications and Changes of Our Ordinary Shares In the case of:

| • | any recapitalization, reclassification, redesignation or change of our ordinary shares (other than a change to nominal value, or changes resulting from a subdivision or combination); |

| • | any consolidation, merger, combination or similar transaction involving us; |

| • | any sale, lease or other transfer to a third party of the consolidated assets of ours and our subsidiaries substantially as an entirety; or |

| • | any statutory share exchange, |

in each case, as a result of which our ordinary shares would be converted into, or exchanged for, another class of shares, other securities, other property or assets (including cash or any combination thereof) (any such event, a “share exchange event”), then, at and after the effective time of the share exchange event, the right to convert each $1,000 principal amount of notes will be changed into a right to convert such principal amount of notes into the kind and amount of shares, other securities or other property or assets (including cash or any combination thereof) that a holder of