Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 42

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 42
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 notes to be redeemed, plus accrued and unpaid interest to, but excluding, the optional redemption date (unless the optional redemption date falls after a regular record date but on or prior to the immediately succeeding interest payment date, in which case we will pay the full amount of accrued and unpaid interest to the holder of record as of the close of business on such regular record date on, or at our election, before, such interest payment date, and the optional redemption price will be equal to 100% of the principal amount of the notes to be redeemed). The optional redemption date must be a business day, and we may not specify an optional redemption date that falls on or after the 41 st scheduled trading day immediately preceding the maturity date.

With respect to any notes that are called (or, as described below, deemed called) for redemption and converted in connection with a notice of optional redemption, we will, under certain circumstances, increase the conversion rate for the notes so surrendered for conversion by a number of additional ADSs as described under the caption “—Conversion Rights—Increase in Conversion Rate upon Conversion upon a Make-Whole Fundamental Change, Notice of Optional Redemption or Notice of Tax Redemption.”

If we call any note for optional redemption, then the holder of the note called for redemption will be entitled to an increased conversion rate on account of the notice of optional redemption for conversions of such note at any time prior to the close of business on the scheduled trading day prior to the optional redemption date. After that time, the entitlement to an increased conversion rate on account of our delivery of the notice of optional redemption will expire, unless we default in the payment of the optional redemption price, in which case a holder of the note called for redemption will be entitled to an increased conversion rate on account of the notice of optional redemption for conversions of such note until the close of business on the scheduled trading day immediately preceding the date on which the optional redemption price has been paid or duly provided for.

If we elect to redeem less than all of the outstanding notes as described under this section, and the holder of any note (or any owner of a beneficial interest in any global note) is reasonably not able to determine, before the close of business on the 14 th calendar day immediately before the relevant optional redemption date, whether such note or beneficial interest, as applicable, is to be redeemed pursuant to such redemption, then such holder or owner, as applicable, will be entitled to an increased conversion rate on account of the notice of optional redemption for conversions of such note or beneficial interest, as