Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Immunocore Holdings plc |
(Name of Issuer) |
Ordinary Shares, nominal value £0.002 |
(Title of Class of Securities) |
45258D105** |
(CUSIP Number) |
Michael Gosk c/o General Atlantic Service Company, L.P. 55 East 52nd Street, 33rd Floor New York, New York 10055 (212) 715-4000 |
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
December 29, 2022 |
(Date of Event which Requires Filing of this Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
**This CUSIP number applies to Immunocore Holdings plc.’s American Depositary Shares, each representing one ordinary share.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 45258D105 | SCHEDULE 13D | Page 2 of 22 |
1 |
NAME OF REPORTING PERSON
General Atlantic, L.P. |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
3,840,669 | |
9 |
SOLE DISPOSITIVE POWER
0 | |
10 |
SHARED DISPOSITIVE POWER
3,840,669 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,669 |
|
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48% |
|
14 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 3 of 22 |
1 |
NAME OF REPORTING PERSON
GAP (Bermuda) L.P. |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
3,840,669 | |
9 |
SOLE DISPOSITIVE POWER
0 | |
10 |
SHARED DISPOSITIVE POWER
3,840,669 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,669 |
|
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48% |
|
14 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 4 of 22 |
1 |
NAME OF REPORTING PERSON
General Atlantic GenPar (Bermuda), L.P. |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
3,840,669 | |
9 |
SOLE DISPOSITIVE POWER
0 | |
10 |
SHARED DISPOSITIVE POWER
3,840,669 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,669 |
|
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48% |
|
14 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 5 of 22 |
1 |
NAME OF REPORTING PERSON
General Atlantic Partners (Bermuda) IV, L.P. |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
3,840,669 | |
9 |
SOLE DISPOSITIVE POWER
0 | |
10 |
SHARED DISPOSITIVE POWER
3,840,669 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,669 |
|
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48% |
|
14 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 6 of 22 |
1 |
NAME OF REPORTING PERSON
General Atlantic Partners (Bermuda) EU, L.P. |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
3,840,669 | |
9 |
SOLE DISPOSITIVE POWER
0 | |
10 |
SHARED DISPOSITIVE POWER
3,840,669 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,669 |
|
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48% |
|
14 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 7 of 22 |
1 |
NAME OF REPORTING PERSON
GA IMC Holding, Ltd. |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
3,840,669 | |
9 |
SOLE DISPOSITIVE POWER
0 | |
10 |
SHARED DISPOSITIVE POWER
3,840,669 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,669 |
|
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48% |
|
14 |
TYPE OF REPORTING PERSON
OO |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 8 of 22 |
1 |
NAME OF REPORTING PERSON
General Atlantic (Lux) S.à r.l. |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
3,840,669 | |
9 |
SOLE DISPOSITIVE POWER
0 | |
10 |
SHARED DISPOSITIVE POWER
3,840,669 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,669 |
|
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48% |
|
14 |
TYPE OF REPORTING PERSON
CO |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 9 of 22 |
1 |
NAME OF REPORTING PERSON
GAP Coinvestments III, LLC |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
3,840,669 | |
9 |
SOLE DISPOSITIVE POWER
0 | |
10 |
SHARED DISPOSITIVE POWER
3,840,669 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,669 |
|
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48% |
|
14 |
TYPE OF REPORTING PERSON
OO |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 10 of 22 |
1 |
NAME OF REPORTING PERSON
GAP Coinvestments IV, LLC |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER A0; 3,840,669 | |
9 |
SOLE DISPOSITIVE POWER
0 | |
10 |
SHARED DISPOSITIVE POWER
3,840,669 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,669 |
|
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48% |
|
14 |
TYPE OF REPORTING PERSON
OO |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 11 of 22 |
1 |
NAME OF REPORTING PERSON
GAP Coinvestments V, LLC |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
3,840,669 | |
9 |
SOLE DISPOSITIVE POWER
0 | |
10 |
SHARED DISPOSITIVE POWER
3,840,669 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,669 |
|
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48% |
|
14 |
TYPE OF REPORTING PERSON
OO |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 12 of 22 |
1 |
NAME OF REPORTING PERSON
GAP Coinvestments CDA, L.P. |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
3,840,669 | |
9 |
SOLE DISPOSITIVE POWER
0 | |
10 |
SHARED DISPOSITIVE POWER
3,840,669 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,669 |
|
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48% |
|
14 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 13 of 22 |
1 |
NAME OF REPORTING PERSON
General Atlantic GenPar (Lux) SCSp |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
3,840,669 | |
9 |
SOLE DISPOSITIVE POWER
0 | |
10 |
SHARED DISPOSITIVE POWER
3,840,669 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,669 |
|
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48% |
|
14 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 14 of 22 |
1 |
NAME OF REPORTING PERSON
General Atlantic Partners (Lux) SCSp |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
3,840,669 | |
9 |
SOLE DISPOSITIVE POWER
0 | |
10 |
SHARED DISPOSITIVE POWER
3,840,669 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,669 |
|
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48% |
|
14 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 15 of 22 |
1 |
NAME OF REPORTING PERSON
GA IMC Holding, L.P. |
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ☐ (b) ☒ |
3 |
SEC USE ONLY
|
|
4 |
SOURCE OF FUNDS
OO |
|
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
3,840,669 | |
9 |
SOLE DISPOSITIVE POWER
0 | |
10 |
SHARED DISPOSITIVE POWER
3,840,669 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,669 |
|
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐ |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.48% |
|
14 |
TYPE OF REPORTING PERSON
PN |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 16 of 22 |
Item 1. Security and Issuer.
This Amendment No. 2 to Schedule 13D (the “Statement”) is being filed to amend the Statement as originally filed with the Securities and Exchange Commission on July 20, 2022, as amended by Amendment No. 1 dated December 20, 2022 with respect to the ordinary shares, nominal value £0.002 (the “ordinary shares”) of Immunocore Holdings plc, a company incorporated in England and Wales (the “Company”), whose principal executive offices are located at 92 Park Drive, Milton Park, Abingdon, Oxfordshire OX14 4RY, United Kingdom. Capitalized terms used herein and not otherwise defined have the meanings assigned to such terms in the Statement. Except as otherwise provided herein, each Item of the Statement remains unchanged.
The Company’s American Depositary Shares (the “ADSs”), evidenced by American Depositary Receipts, each representing one ordinary share, are listed on the Nasdaq Global Select Market under the symbol “IMCR”.
Item 2. Identity and Background.
No material change.
Item 3. Source and Amount of Funds or Other Consideration.
No material change.
Item 4. Purpose of Transaction.
Item 4 is hereby supplemented as follows:
On December 30, 2022, GA IMC entered into the 10b5-1 Plan. The description of the 10b5-1 Plan set forth in Item 6 below is incorporated herein by reference in its entirety. The transactions contemplated by the 10b5-1 Plan will result in the disposition of securities of the Company.
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended and restated as follows:
(a) The percentages used herein are calculated based upon on an aggregate of 45,303,698 ordinary shares (including ordinary shares in the form of ADSs) reported by the Company to be outstanding as of September 20, 2022 as reflected in the Company's Prospectus Supplement filed pursuant to Rule 424(b)(7) with the U.S. Securities and Exchange Commission on September 30, 2022.
By virtue of the fact that (i) the GA Funds and the Sponsor Coinvestment Funds contributed the capital to fund the PIPE Investment, and share beneficial ownership of the ADSs, ordinary shares and non-voting ordinary shares reported herein, (ii) GA IMC Holding is the general partner of GA IMC, (iii) GAP Bermuda is the general partner of GA GenPar Bermuda, and GenPar Bermuda is the general partner of GAP Bermuda EU, and is the sole shareholder of GA Sarl, (iv) GA Sarl is the general partner of GA GenPar Lux and GA GenPar Lux is the general partner of GAP Lux, and (v) GAP Lux has appointed Carne Global Fund Management (Luxembourg) S.A. (the “AIFM”) as the alternative investment fund manager of GAP Lux pursuant to an alternative investment fund management agreement to undertake all functions required of an external alternative investment fund manager under the Luxembourg law of 12 July 2013 on alternative investment fund managers, as amended from time to time and GAP Lux has also entered into a delegated portfolio management and distribution agreement with the AIFM and General Atlantic Service Company, L.P. (“GASC”) in order to appoint GASC to act as the portfolio manager of GAP Lux (vi) GA LP is the managing member of GAPCO III, GAPCO IV and GAPCO V, the general partner of GAPCO CDA and the sole member of GA IMC Holding, and (viii) the members of the Management Committee control the investment decisions of GA LP, GAP Bermuda and, with respect to GAP Lux, GASC, the Reporting Persons may be deemed to have the power to vote and direct the disposition of the ADSs, ordinary shares and non-voting ordinary shares owned of record by GA IMC.
CUSIP No. 45258D105 | SCHEDULE 13D | Page 17 of 22 |
As a result, as of the date hereof, each of the Reporting Persons may be deemed to beneficially own an aggregate of 3,840,669 ordinary shares, or approximately 8.48% of the aggregate 45,303,698 ordinary shares as described above.
(b) Each of the Reporting Persons has the shared power to vote or direct the vote and the shared power to dispose or to direct the disposition of the 3,840,669 ordinary shares that may be deemed to be beneficially owned by each of them.
(c) Except as previously reported or as set forth in this Item 5(c), Item 3, or otherwise herein, to the knowledge of the Reporting Persons with respect to the persons named in response to Item 5(a), none of the persons named in response to Item 5(a) has effected any transactions in the ordinary shares during the past 60 days
Between December 21, 2022 and January 3, 2023, GA IMC sold the following ADSs set forth in the table below:
Trade Date | ADSs | Price per ADS |
December 21, 2022 | 84,120 | $57.35 |
December 22, 2022 | 98,661 | $57.36 |
December 23, 2022 | 163,870 | $57.68 |
December 27, 2022 | 7,527 | $57.31 |
December 29, 2022 | 121,866 | $57.92 |
December 30, 2022 | 27,071 | $57.25 |
January 3, 2023 | 13,108 | $57.101 |
(d) No person other than the persons listed is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any securities owned by any member of the group.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to the Issuer.
Item 6 is hereby supplemented as follows:
On December 30, 2022, GA IMC entered into a new 10b5-1 plan (the “10b5-1 Plan”) with BTIG, LLC (“BTIG”). Pursuant to the 10b5-1 Plan, BTIG may sell up to 3,853,777 ADSs on behalf of GA IMC. The 10b5-1 Plan will terminate on the earlier of May 12, 2023, the date on which 3,853,777 ADSs have been sold under the 10b5-1 Plan and the date the 10b5-1 Plan is otherwise terminated.
1 Reflects the average price of certain ADSs sold on January 3, 2023 in reliance on Rule 144 pursuant to the 10b5-1 Plan.
CUSIP No. 45258D105 | SCHEDULE 13D | Page 18 of 22 |
Item 7. Materials to be Filed as Exhibits.
CUSIP No. 45258D105 | SCHEDULE 13D | Page 19 of 22 |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated as of January 3, 2023
GENERAL ATLANTIC, L.P. | ||||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director | |||
GAP (BERMUDA) L.P. | ||||
By: | GAP (BERMUDA) GP LIMITED, its general partner | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director | |||
GENERAL ATLANTIC GENPAR (BERMUDA), L.P. | ||||
By: | GAP (BERMUDA) L.P., its general partner | |||
By: | GAP (BERMUDA) GP LIMITED, its general partner | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director | |||
CUSIP No. 45258D105 | SCHEDULE 13D | Page 20 of 22 |
GENERAL ATLANTIC PARTNERS (BERMUDA) IV, L.P. | ||||
By: | GENERAL ATLANTIC GENPAR (BERMUDA), L.P., its general partner | |||
By: | GAP (BERMUDA), L.P., its general partner | |||
By: | GAP (BERMUDA) GP LIMITED, its general partner | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director | |||
GENERAL ATLANTIC PARTNERS (BERMUDA) EU, L.P. | ||||
By: | GENERAL ATLANTIC GENPAR (BERMUDA), L.P., its general partner | |||
By: | GAP (BERMUDA), L.P., its general partner | |||
By: | GAP (BERMUDA) GP LIMITED, its general partner | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director | |||
GA IMC HOLDING, LTD. | ||||
By: | GAP (BERMUDA) L.P., its managing member | |||
By: | GAP (BERMUDA) GP LIMITED, its general partner | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director | |||
GENERAL ATLANTIC (LUX) S.À.R.L. | ||||
By: | /s/ Ingrid van der Hoorn | |||
Name: | Ingrid van der Hoorn | |||
Title: | Manager A | |||
By: | /s/ Gregor Dalrymple | |||
Name: | Gregor Dalrymple | |||
Title: | Manager B | |||
CUSIP No. 45258D105 | SCHEDULE 13D | Page 21 of 22 |
GAP COINVESTMENTS III, LLC | ||||
By: | GENERAL ATLANTIC, L.P., its managing member | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director | |||
GAP COINVESTMENTS IV, LLC | ||||
By: | GENERAL ATLANTIC, L.P., its managing member | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director | |||
GAP COINVESTMENTS V, LLC | ||||
By: | GENERAL ATLANTIC, L.P., its managing member | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director | |||
GAP COINVESTMENTS CDA, L.P. | ||||
By: | GENERAL ATLANTIC, L.P., its general partner | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director |
CUSIP No. 45258D105 | SCHEDULE 13D | Page 22 of 22 |
GENERAL ATLANTIC GENPAR (LUX) SCSp | ||||
By: |
GENERAL ATLANTIC (LUX) S.À R.L., its general partner |
|||
By: | /s/ Ingrid van der Hoorn | |||
Name: | Ingrid van der Hoorn | |||
Title: | Manager A | |||
By: | /s/ Gregor Dalrymple | |||
Name: Title: |
Gregor Dalrymple Manager B |
|||
GENERAL ATLANTIC PARTNERS (LUX), SCSp | ||||
By: |
GENERAL ATLANTIC GENPAR (LUX) SCSp, its general partner |
|||
By: | GENERAL ATLANTIC (LUX) S.À.R.L., its general partner | |||
By: | /s/ Ingrid van der Hoorn | |||
Name: Title: |
Ingrid van der Hoorn Manager A |
|||
By: | /s/ Gregor Dalrymple | |||
Name: | Gregor Dalrymple | |||
Title: | Manager B | |||
GA IMC HOLDING, L.P. | ||||
By: | GA IMC HOLDING, LTD., its general partner | |||
By: |
GAP (BERMUDA) L.P., its managing member |
|||
By: | GAP (BERMUDA) GP LIMITED, its general partner | |||
By: | /s/ Michael Gosk | |||
Name: | Michael Gosk | |||
Title: | Managing Director |
SCHEDULE A
Members of the Management Committee (as of the date hereof)
Name | Address | Citizenship |
William E. Ford (Chief Executive Officer) |
55 East 52nd Street 33rd Floor New York, New York 10055 |
United States |
Gabriel Caillaux |
23 Savile Row London W1S 2ET United Kingdom |
France |
Andrew Crawford |
55 East 52nd Street 33rd Floor New York, New York 10055 |
United States |
Martín Escobari |
55 East 52nd Street 33rd Floor New York, New York 10055 |
Bolivia and Brazil |
Anton J. Levy |
55 East 52nd Street 33rd Floor New York, New York 10055 |
United States |
Sandeep Naik |
Asia Square Tower 1 8 Marina View, #41-04 Singapore 018960 |
United States |
Graves Tompkins |
55 East 52nd Street 33rd Floor New York, New York 10055 |
United States |
N. Robbert Vorhoff |
55 East 52nd Street 33rd Floor New York, New York 10055 |
United States |
Eric Zhang |
Suite 5704-5706, 57F Two IFC, 8 Finance Street Central, Hong Kong, China |
Hong Kong SAR |