Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 62

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 62
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 reference property issued in exchange for, or upon conversion of, our ordinary shares as described under the caption “—Recapitalizations, Reclassifications and Changes of Our Ordinary Shares;” |

| • | dividends or distributions paid exclusively in cash as to which the provisions set forth in clause (4) below shall apply; and |

| • | spin-offs as to which the provisions set forth below in this clause (3) shall apply; |

then the conversion rate will be increased based on the following formula:

| CR1= CR0× |          |     | SP0 |
|           | SP0− FMV |     |     |

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;

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TABLE OF CONTENTS

CR 1= the conversion rate in effect immediately after the open of business on such ex-dividend date; SP 0= the average of the last reported sale prices of the ADSs ( divided bythe number of ordinary shares then represented by one ADS) over the 10 consecutive trading day period ending on, and including, the trading day immediately preceding the ex-dividend date for such distribution; and FMV = the fair market value (as determined by us in good faith) of the shares, evidences of indebtedness, assets, property, rights, options or warrants distributed with respect to each outstanding ordinary share (directly or in the form of ADSs) on the record date for the ADSs for such distribution. Any increase made under the portion of this clause (3) above will become effective immediately after the open of business on the ex-dividend date for the ADSs for such distribution. If such distribution is not so paid or made, the conversion rate shall be decreased to be the conversion rate that would then be in effect if such distribution had not been declared. Notwithstanding the foregoing, if “FMV” (as defined above) is equal to or greater than “SP 0” (as defined above), in lieu of the foregoing increase, each holder of a note shall receive, in respect of each $1,000 principal amount thereof, at the same time and upon the same terms as holders of the ADSs, the amount and kind of our shares, evidences of our indebtedness, other assets or property of ours or rights, options or warrants to acquire our shares or other securities that such holder would have received if such holder owned a number