Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 101

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 101
---
 complex and U.S. Holders should consult their tax advisors regarding the application of these rules to their investment in the Notes and the election to include market discount in income on a current basis, including with respect to the application of the market discount rules following a conversion of notes into ADSs.

#### Amortizable Bond Premium
If a U.S. Holder purchases a Note for an amount (excluding any amount attributable to the value of the conversion feature of the Note) in excess of the stated principal amount, then such U.S. Holder will be considered to have purchased the Note with “bond premium” in an amount equal to such excess and may elect to amortize the bond premium allocable to an accrual period as an offset to qualified stated interest income allocable to such accrual period, using a constant yield method, over the term of the Note, subject to certain limitations. A U.S. Holder generally will not be able to amortize bond premium as an offset to a payment of additional interest (if any) on the Notes described under “Description of Notes—Events of Default” and “Description of Notes—Additional Amounts.” Any such election to amortize bond premium generally applies to all taxable debt instruments held or subsequently acquired by such U.S. Holder on or after the first day of the first taxable year to which the election applies and cannot be revoked without permission from the IRS. If a U.S. Holder elects to amortize the bond premium, such U.S. Holder will be required to reduce (but not below zero) its tax basis in the Note by the amount of the bond premium amortized during such U.S. Holder’s holding period. The rules regarding instruments purchased with amortizable bond premium are complex and, accordingly, prospective investors should consult their tax advisors concerning the application of such rules to the Notes.

<div align='center'>S-57</div>

#### TABLE OF CONTENTS
**Sale, Exchange, Redemption or Other Taxable Disposition of Notes**

Except as provided below under “—Conversion of Notes,” and subject to the PFIC rules discussed below under “—Passive Foreign Investment Company Rules,” a U.S. Holder will recognize gain or loss on the sale, exchange, redemption, repurchase or other taxable disposition of a note equal to the difference between the amount realized upon the disposition (excluding any amount attributable to accrued but unpaid stated interest, which will be taxable as such to the extent not previously included in income) and the U.S. Holder’s adjusted tax basis in the note. A U