Company: IMCR
Filing Date: 2025-03-17
Form Type: 424B7
Source: 0001140361-25-008917
Chunk: 57

Company: Immunocore Holdings plc
Filing Date: 2025-03-17
Form: 424B7
Chunk 57
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 VWAP” means, for each of the 40 consecutive trading days during the relevant observation period, the per ADS volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page “IMCR US <equity> AQR” (or its equivalent successor if such page is not available) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such trading day (or if such volume-weighted average price is unavailable, the market value of one ADS on such trading day determined, using a volume-weighted average method, by a nationally recognized independent investment banking firm retained for this purpose by us). The “daily VWAP” will be determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours.

The “observation period” means the 40 consecutive trading days from and including the second trading day following the relevant conversion date.

Solely for the purposes of determining any cash amounts due in lieu of delivering ADSs representing any ordinary shares in excess of the applicable share cap, “trading day” means a day on which (i) there is no “market disruption event” (as defined below) and (ii) trading in our ADSs generally occurs on the Nasdaq Global Select Market or, if our ADSs are not then listed on the Nasdaq Global Select Market, on the principal other U.S. national or regional securities exchange on which our ADSs are then listed or, if our ADSs are not then listed on a U.S. national or regional securities exchange, on the principal other market on which our ADSs are then listed or admitted for trading. If our ADSs are not so listed or admitted for trading, “trading day” means a “business day.”

“Scheduled trading day” means a day that is scheduled to be a trading day on the principal U.S. national or regional securities exchange or market on which our ADSs are listed or admitted for trading. If our ADSs are not so listed or admitted for trading, “scheduled trading day” means a “business day.”

“Market disruption event” means (i) a failure by the primary U.S. national or regional securities exchange or market on which our ADSs are listed or admitted for trading to open for trading during its regular trading session or (ii) the occurrence or existence prior to 1:00 p.m., New York City time, on any scheduled trading day for our ADSs for more than one half-hour