Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 51

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 51
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 tax redemption, we will, under certain circumstances, increase the conversion rate for the notes so surrendered for conversion by a number of

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TABLE OF CONTENTS

additional ADSs under the circumstances described in the captions “—Optional Redemption,” “—Tax Redemption” and “—Conversion Rights—Increase in Conversion Rate upon Conversion upon a Make-Whole Fundamental Change, Notice of Optional Redemption or Notice of Tax Redemption.” Upon conversion, a holder of notes will not receive any separate cash payment for accrued and unpaid interest, if any, except as described below. We will not issue fractional ADSs upon conversion of notes. Instead, we will pay cash in lieu of delivering any fractional ADS as described under the caption “—Settlement upon Conversion.” Our delivery to the converting holder of the full number of ADSs, together with a cash payment for any fractional ADS, deliverable upon conversion of a note will be deemed to satisfy in full our obligation to pay:

| • | the principal amount of the note; and |

| • | accrued and unpaid interest, if any, to, but not including, the relevant conversion date. |

As a result, accrued and unpaid interest, if any, to, but not including, the relevant conversion date will be deemed to be cancelled, extinguished and forfeited. Notwithstanding the immediately preceding paragraph, if notes are converted after the close of business on a regular record date for the payment of interest and prior to the open of business on the corresponding interest payment date, holders of such notes at the close of business on such regular record date will receive the full amount of interest payable on such notes on the corresponding interest payment date notwithstanding the conversion. Notes surrendered for conversion during the period from the close of business on any regular record date to the open of business on the immediately following interest payment date must be accompanied by funds equal to the amount of interest payable on the notes so converted; providedthat no such payment need be made:

| • | for conversions following the close of business on the regular record date immediately preceding the maturity date; |

| • | for conversions of notes called (or deemed called) for optional redemption during the redemption period for such optional redemption; |

| • | for conversions of notes called for tax redemption during the redemption period for such tax redemption; |

| • | if we have specified a fundamental change repurchase date that is after a regular record date and on or prior to the business day immediately following the corresponding interest payment date; or |

| • | to