Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 45

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 45
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such non-excluded payments, the “Relevant Payments”), will be made free and clear of and without withholding or deduction for, or on account of, any present or future tax, duty, levy, impost, assessment or other governmental charge (including penalties and interest related thereto) (collectively, “Taxes”) unless the withholding or deduction of such Taxes is then required by law or regulation or by government policy having the force of law. If any deduction or withholding for, or on account of, any Taxes imposed or levied by or on behalf of (i) any jurisdiction in which we (or any successor to us with respect to the notes) are organized, resident or doing business for Tax purposes or any department or political

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subdivision thereof or therein or (ii) any jurisdiction from or through which payment is made by us (or any successor) or our paying agent or any department or political subdivision thereof or therein (each jurisdiction, department or political subdivision described in clauses (i) and (ii), a “Relevant Tax Jurisdiction”) will at any time be required to be made from any such Relevant Payments made under or with respect to the notes, we will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received in respect of such Relevant Payments by each holder after such withholding or deduction (including any such deduction or withholding in respect of Additional Amounts) will equal the respective amounts that would have been received in respect of such Relevant Payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts will be payable with respect to:

| (1) | any Tax, to the extent such Tax would not have been imposed but for the existence of any present or former connection between the holder or the beneficial owner of the notes (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of power over, the relevant holder or beneficial owner, if the relevant holder or beneficial owner is an estate, nominee, trust, partnership, limited liability company or corporation) and the applicable Relevant Tax Jurisdiction (other than any connection arising solely from the acquisition, ownership, holding or disposition of the notes, the enforcement of rights under the notes and/or the receipt of any payments or deliveries in respect of the notes); |

| (2) | any Tax, to the extent such Tax would not have been imposed but for the failure of the