Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 73

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 73
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—Optional Redemption” or (c) we deliver a notice of tax redemption as provided under the caption “—Tax Redemption” and (ii) a holder elects to convert its notes (or any portion thereof) in connection with such make-whole fundamental change or such notice of optional redemption or notice of tax redemption, as the case may be, we will, under certain circumstances, increase the conversion rate for the notes so surrendered for conversion by a number of additional ADSs (the “additional ADSs”), as described below.

A conversion of notes will be deemed for these purposes to be “in connection with” a make-whole fundamental change if the relevant conversion date occurs during the period from, and including, the effective date of the make-whole fundamental change up to, and including, the business day immediately prior to the related fundamental change repurchase date (or, in the case of an exempted fundamental change or a make-whole fundamental change that would have been a fundamental change but for the proviso in clause (2) of the definition thereof, the 35th trading day immediately following the effective date of such make-whole fundamental change) (such period, the “make-whole fundamental change period”).

A conversion of notes will be deemed for these purposes to be “in connection with” a notice of optional redemption or a notice of tax redemption if such notes have been called (or deemed called) for redemption and the relevant conversion date occurs during the period from the open of business on the date of the notice of optional redemption or the notice of tax redemption, as the case may be, until the close of business on the scheduled trading day prior to the optional redemption date or the tax redemption date, as the case may be, or, if we default in the payment of the optional redemption price or the tax redemption price, until the close of business on the scheduled trading day immediately preceding the date on which the optional redemption price or tax redemption price has been paid or duly provided for (any such period, a “redemption period”). Accordingly, if we elect to redeem less than all

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of the outstanding notes in an optional redemption, as described under the caption “—Optional Redemption,” holders of the notes not called for optional redemption will not be entitled to an increased conversion rate for conversions of such notes (on account of the notice of optional redemption) during the applicable redemption period, except in the limited circumstances set forth under the caption “—Optional Redemption”.