Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 27

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 27
---
 is required to be included in income for U.S. federal income tax purposes with respect to consideration received upon conversion (for example, in the case of ADSs received with respect to accrued and unpaid interest), the taxable income generally will include the amount of any non-U.S. tax withheld and therefore, may exceed the value of property or payments actually received upon conversion. U.S. holders should consult their tax advisers regarding the consequences of such payments or deliveries upon conversion, including the creditability of the relevant non-U.S. tax (to the extent not refundable under the laws of the taxing jurisdiction or an applicable income tax treaty).**

<div align='center'>S-15</div>

#### TABLE OF CONTENTS
**If a United States person is treated as owning at least 10% of our ordinary shares or ADSs, such holder may be subject to adverse U.S. federal income tax consequences.

If a U.S. Holder (as defined in “Taxation—Certain Material U.S. Federal Income Tax Considerations”) is treated as owning, directly, indirectly or constructively, at least 10% of the value or voting power of our ordinary shares or ADSs, such U.S. Holder may be treated as a “United States shareholder” with respect to each “controlled foreign corporation” in our group. Because our group includes U.S. subsidiaries, our current and future non-U.S. subsidiaries will be treated as controlled foreign corporations, regardless of whether we are treated as a controlled foreign corporation. A United States shareholder of a controlled foreign corporation may be required to report annually and include in its U.S. taxable income its pro rata share of “Subpart F income,” “global intangible low-taxed income,” and investments in U.S. property by controlled foreign corporations, regardless of whether we make any distributions. An individual that is a United States shareholder with respect to a controlled foreign corporation generally would not be allowed certain tax deductions or foreign tax credits that would be allowed to a United States shareholder that is a U.S. corporation. Failure to comply with controlled foreign corporation reporting obligations may subject a United States shareholder to significant monetary penalties. We cannot provide any assurances that we will furnish to any United States shareholder information that may be necessary to comply with the reporting and tax payment obligations applicable under the controlled foreign corporation rules of the Internal Revenue Code of 1986, as amended (the “Code”). U.S. Holders should consult their tax advisors regarding the potential application of these rules to their investment in our ordinary shares or ADSs