r t r € r➆s

Transcription

r t r € r➆s
+ ()
'(
&* )
0#
- #
✷ ✶✹
❆r❣❡♥t✐♥❛ ❡♥ ❡❧ ❙❛❧➋♥ ❞❡❧ ▲✐❜r♦ ❞❡ P❛r➆s ✁✵✂✄✳ ✁✂ ❛❧ ✁✄ ❞❡ ♠❛r③♦
▲Õ❆r❣❡♥t✐♥❡ ❛✉ ❙❛❧♦♥ ❞✉ ▲✐✈r❡ ❞❡ P❛r✐s ✁✵✂✄✳ ❉✉ ✁✂ ❛✉ ✁✄ ♠❛rs
+ ()
'(
&* )
0#
- #
,@=, 7.:-,
0=9J9 =409E,
74.4,
"=?4E
@5:A90
&07A, 78,/,
0:;:7/:
=4E@07,
0,9/=: GA,7:>
7,.3,
=9,7/:
&47A4, ,=:9
&@;0=A40770
,7A0D=, %:>,7-,
,=.07: 42@0=,> %4.,=/: :=>?0=
,8;=,
@4>
34?,==:94
@4>,
@?:=,9>6D
0=9,9/,
,=.R, ,:
,=R, #4, T;0E
:=,.4:
:9EJ70E
!:M 4?=46
,=?R9 :3,9
=90>?: ,.7,@
7>, ">:=4:
%4.,=/: #4274,
7,@/4, #4S04=:
@.R, #@09E:
@,9 &,>?@=,49
&,8,9?,
&.3B0-749
9,
,=R, &3@,
)4.09?0 ,??4>?,
#0=7, &@0E
4,9, 0770>>4
"74A0=4:
9M>
:073:
,=7,9/
@4770=8:
,=?R90E
$@49: :,<@R9
&,7A,/:= ,A,/:
42@07 %0;
,84J9
',-,=:A>6D
42@07 )4?,274,9:
&0=24: 4EE4:
:=20
08;:
'@9@9,
:9>4274:
474,9, :/:.
#,-7:
4,=/490774
,=4:
0=.,/:
/@,=/: %490>4
:>M
0 &,9?4>
:7:-:11
@S:E
@4770=8:
&,..:8,99:
:> 0>.=4?:=0>
,=209?49:> .:9A:.,/:>
0> M.=4A,49>
,=209?49> .:9A:<@M>
*</ 23:35/17T< 7<B35@/2/ >=@
/CB=@3A <TD3:3A G
1=<A/5@/2=A 3F>=<3<B3A 23 :/A :3B@/A G 3: >3<A/
;73<B= </17=</: @3>@3A3<B/< / :/ @53<B7</ 3< 3: (/:T<
23 %/@PA 2=<23 =4@313< ACA =0@/A G ACA ;7@/2/A
A=0@3 :/ /1BC/:72/2 :7B3@/@7/ 23: >/PA
*<3 2M:M5/B7=< 23
/CB3C@A 2M0CB/<BA 3B 1=<A/1@MA
@3>@MA3<B/<BA 23A :3BB@3A 3B 23 :/ >3<AM3 </B7=</:3
A=<B :3 D7A/53 23 :` @53<B7<3 /C (/:=< 2C !7D@3 23
%/@7A =W 7:A =44@3<B :3C@A ]CD@3A 3B :3C@A @35/@2A AC@
:`/1BC/:7BM :7BBM@/7@3 2C >/GA
+ ()
'(
&* )
0#
- #
, .@7?@=, ,=209?49, ;=:?,2:94>?,
!/ @53<B7</ 3A 3: >/PA 7<D7B/2= 23 6=<=@ 3< 3: (/:T< 23: !70@= 23 %/@PA
13<B@= 23 :/
7<2CAB@7/ G :/A :3B@/A C<7D3@A/:3A
< 3AB3 /1=<B317;73<B= 23 B@/A13<23<17/ 7<B3@</17=</: /0@7;=A :/A 4@=<B3@/A 23 <C3AB@/
1C:BC@/ >/@/ 13:30@/@ 1=< @/<17/ :/ 1@3/B7D72/2 23 C< >C30:= 3< :/ >/:/0@/ 23 ACA ;JA
<=B/0:3A 6/132=@3A
7@7572= / :=A
D7A7B/<B3A ?C3 /<C/:;3<B3 @31703 3: (/:T< 3: >/PA 3:/0=@T C< ;=
A/71= 23 :/ 67AB=@7/ G :/ >@=2C117T< </17=</: AP 27AB7<B/A >@=>C3AB/A ?C3 6/13< 383 3<
:/A :3B@/A :/ 4=B=5@/4P/ :/ ;VA71/ 1=<4=@;/< C< @3:/B= >:C@/: A=0@3 :/ >=B3<17/ 23 C</ 1C:
BC@/ 3< 3F>/<A7T<
"JA 23
/1B7D72/23A 3<B@3 ;3A/A @32=<2/A 3<B@3D7AB/A >V0:71/A 1=<43@3<17/A A=0@3
:/ 32717T< G :/ 1C:BC@/ /@53<B7</ @3C<7=<3A 23 B@/0/8= 3<B@3 327B=@3A :=1/:3A G 4@/<13A3A
6=;3</83A 3<1C3<B@=A 1=< B@/2C1B=@3A 23: >/PA /<47B@7T< >@3A3<B/17=<3A 23 :70@=A 3F
>=A717=<3A G 3A>31BJ1C:=A /@BPAB71=A 7<B35@/< :/ >@=5@/;/17T< 23: 3A>/17=
, .@7?@=0 ,=209?490 ;0=>:99,20 ;=49.4;,7
!` @53<B7<3 3AB :3 >/GA 7<D7BM 2Y6=<<3C@ 2C (/:=< 2C !7D@3 23 %/@7A
13<B@3 23 :`7<
2CAB@73 3B 23A :3BB@3A C<7D3@A3::3A \ 13B MDM<3;3<B 23 B@/<A13<2/<13 7<B3@</B7=</:3 <=CA
=CD@=<A :3A 4@=<B7N@3A 23 <=B@3 1C:BC@3 >=C@ 1M:M0@3@ /D31 :/ @/<13 :`7;/57</B7=< 2`C< >3C
>:3 /D31 :3A ;=BA 23 A3A 1@M/B3C@A :3A >:CA <=B/0:3A
2@3AAM3 /CF
D7A7B3C@A /<<C3:A :3 >/GA / M:/0=@M C<3 ;=A/R?C3 23 :Y67AB=7@3 3B
23 :/ >@=2C1B7=< </B7=</:3 7<A7 2744M@3<B3A >@=>=A7B7=<A A3 13<B@/<B AC@ :3A :3BB@3A :/
>6=B=5@/>673 3B :/ ;CA7?C3 1=<4=@;3<B C< @M17B >:C@73: AC@ :/ >C7AA/<13 2`C<3 1C:BC@3
3< 3F>/<A7=<
%:CA 23
/1B7D7BMA 3<B@3 B/0:3A @=<23A 3<B@3B73<A >C0:71A 1=<4M@3<13A AC@ :`M27B7=< 3B :/
1C:BC@3 /@53<B7<3 @MC<7=<A 23 B@/D/7: 3<B@3 M27B3C@A /@53<B7<A 3B 4@/<L/7A 6=;;/53A @3<
1=<B@3A /D31 B@/2C1B3C@A 2C >/GA 6UB3 >@MA3<B/B7=< 23 :7D@3A 3F>=A7B7=<A 3B A>31B/1:3A
/@B7AB7?C3A 4=<B >/@B73 23 :/ >@=5@/;;/B7=< 2C >/D7::=<
2@7/</ 72/:5= 5C7:/@ :B3/ )/C@CA :4/5C/@/ (/<B7::/</
70:=A />7B/: <B3:31BC/: 7C2/2 #C3D/ 3: #/@/<8= 2717=<3A
3 !/ :=@ 2717=<3A !/@7D73@3 @/ #/173<B3 =<2= 23 C:BC@/ 1=<T;71/ !3D7/BJ< !70@=A 23: .=@H/: "/@ C:13 &C7>C
!70@=<3B (/<B7::/</ (75:= -- 27B=@3A @53<B7</ (
)3:/ %/>3: G "/23@/ *<7D3@A72/2 #/17=</: 23 (/< "/@BP< %:/<3B/
(/@/ /17= "T<71/ 3@@3@= '3>@3A3<B/17=<3A G (3@D717=A 27B=@7/:3A
*+ # 53<17/ !7B3@/@7/ @3<3 /@97 =@@3572=@
C<93< 26/A/ 27B=@7/: !C1@317/ %3?C3S= 27B=@ *<7D3@A72/2 #/17=</: 23 &C7:;3A + ' 27B=@/A 70:7=B31/ #C3D/ G '*
,> 0/4?:=4,70>
;=0>09?0>
0> 8,4>:9> /OM/4?4:9
;=M>09?M0>
"=AB@/<2= C</ 7<2CAB@7/ 1=< 67AB=@7/ G 3< 1=<AB/<B3
4:=@317;73<B= ;JA 23
A3::=A 327B=@7/:3A G /53<B3A
:7B3@/@7=A 23 :/ @53<B7</ 3F>=<3< ACA <=D32/23A 3<
%/@PA
"=<B@/<B C<3 7<2CAB@73 /D31 C<3 67AB=7@3 3B 3< 4:=@/7
A=< 1=<AB/<B3 >:CA 23
;/7A=<A 2`M27B7=< 3B
/53<BA :7BBM@/7@3A /@53<B7<A 3F>=A3<B :3C@A <=CD3/CBMA
K %/@7A
3 1/@/ /: >V0:71= 4@/<1MA /23;JA :/ :70@3@P/ </1 1C3<B/ 1=< C< 3A>/
17= 23 D3<B/ 23 BPBC:=A /@53<B7<=A B@/2C172=A
< >:CA >=C@ :3 >C0:71 4@/<L/7A :3A :70@/7@73A </1 1=;>B3<B /D31 C< 1=7<
@MA3@DM K :/ D3<B3 23 B7B@3A /@53<B7<A B@/2C7BA
+ ()
'(
&* )
0#
7 S:
- #
:=?JE,= 09 #,=R>
<
:/ @53<B7</ 13:30@/ 3: 13<B3</@7= 23: </17;73<B= 23 C:7= =@BJH/@ P1=<= 23 :/A :3B@/A </17=</
:3A FB3<273<2= :=A 43AB38=A /: >/PA 2=<23 3: 3A1@7B=@ @3A727T 23A23
6/AB/ AC ;C3@B3 3<
A3
23A>:735/ 3< AC3:= 4@/<1MA C</ ;C3AB@/ 4=B=5@J471/ 23271/2/ /: /CB=@ ?C3 7<1:CG3 ?C7<13 7;J53<3A 7<M
27B/A 1/>BC@/2/A >=@ :/ >@3AB757=A/ :3<B3 23 :/ 4=BT5@/4/ /@53<B7</ (/@/ /17=
23;JA 23AB/1/2=A 7<B3:31BC/:3A 230/B3< 3< %/@PA :/ >@=2C117T< 23 =@BJH/@ G AC 7<4:C3<17/ 3< :/ 3A13</
:7B3@/@7/ 23 ;M@71/ G 23 C@=>/ G A3 3F6703< >@7;3@/A 32717=<3A 23 ACA :70@=A G 3: =@757</: 23 :/ 07BJ1=@/
23 &<9*0& AC <=D3:/ 1=<A/5@/B=@7/ 3< 3: ;C<2=
: 270C8/<B3 /@53<B7<= "75C3: '3> 3< B/<B= @3/:7H/ C< ;C@/: 3< D7D= ?C3 / :/ D7AB/ 23: >V0:71= A7<B3B7H/
G @31@3/ 3< 7;J53<3A :/ D72/ G :/ =0@/ 23: 3A1@7B=@
>=A717=<3A G 3A>31BJ1C:=A /@BPAB71=A 7<B35@/< :/ >@=5@/;/17T< 23: 3A>/17=
O 99M0
:=?JE,= I #,=4>
<
: @53<B7<3 1M:N0@3 :3A 13<B /<A 23 :/ </7AA/<13 23 C:7= =@BJH/@ @M4M@3<13 7<1=<B=C@</0:3 23A
:3BB@3A </B7=</:3A B3<2/<B :3A 43AB7D7BMA 2/<A :3 >/GA =W : M1@7D/7< / DM1C 23
8CA?C K A/ ;=@B 3<
3< @/<13 C<3 3F>=A7B7=< >6=B=5@/>67?C3 3AB 1=<A/1@M3 K : /CB3C@ 1=;>@3</<B ?C7<H3 7<AB/<B/<M3A
7<M27B3A 1/>BC@M3A >/@ : =0831B74 2C 1M:N0@3 >6=B=5@/>63 (/@/ /17=
3 >:CA 2 M;7<3<BA 7<B3::31BC3:A 2M0/BB3<B K %/@7A :/ >@=2C1B7=< 23 =@BJH/@ 3B A=< 7<4:C3<13 AC@ :/ A1N<3
:7BBM@/7@3 3< ;M@7?C3 3B 3< C@=>3 3B A3@=<B ;7A3A 3< 3F>=A7B7=< A3A 5@/<2A >/>73@A 3B :3 :7D@3 23 0=@2
=@757</: 23 &6*00* :3 @=;/< ?C7 :`/ 1=<A/1@M 2/<A :3 ;=<23
!3 23AA7</B3C@ /@53<B7< "75C3: '3> ?C/<B K :C7 @M/:7A3 C<3 4@3A?C3 3< 27@31B K :/ DC3 2C >C0:71 @31@M/<B
:/ D73 3B : ]CD@3 23 : M1@7D/7< 3< 7;/53A
&* )
0#
- #
✷ ✶✹
#=:2=,88,?4:9
/@ ;,A477:9
,=209?49
)09/=0/4
#.*62*7
6
#=M>09?,?4:9 /0
7O,9?3:7:240 0??=0>
,=209?490> 09
=,9.0 0??=0> 1=,9K,4>0>
09 =209?490
6*7*28&(.I2 )* 0&
&28303,G&
#=:2=,8,.4T9 /07
;,-077T9
,=209?49:
%09/0E A:@> 09
/03:=> /@ ;,A477:9
(8.:.)&)*7 *2 38637
*74&(.37
:CBB3 >=C@ :3A @=7BA 23 :` =;;3 3B :/ @3163@
163 7<4/B75/0:3 23 8CAB713 >=C@ A3A 3<4/<BA 3B
A/ 03::3 47::3 27A>/@CA >3<2/<B :/ 271B/BC@3
;7:7B/7@3
)09/=0/4
=@53 =A17/ "/@7= =:=0=44 (7:D7/ /@=<
(C>3@D73::3 %73@@3 /:4=< "=2M@/B3C@
3
)*6&)36 3/< "/BB3@<
*<3 /<B6=:=573 K 23CF D3@A/<BA ?C7 ;=<B@3
:3A M16/<53A 1C:BC@3:A 3<B@3 :/ @/<13 3B :` @
53<B7<3 23>C7A :` <2M>3<2/<13 3B :3A 5@/<2A
D=G/53C@A 2C -+ 3 A7N1:3 8CA?C`K =@53A
=@BJH/@ =C /@23:
"2& &28303,G& & )37 :3(*7 59* 19*786& 037
.28*6(&1'.37 (90896&0*7 *286* 6&2(.& < 6
,*28.2& )*7)* 0& 2)*4*2)*2(.& < 037 ,6&2
)*7 :.&/*637 )*0 7.,03 %# -&78& 36,*7
368D=&6 < &6)*0
6
:88,20 I @,9 078,9
31*2&/* & 9&2 *01&2
AB3:/ 23 /@:=BB= 7/</ 3::3AA7 =@/17=
=<HJ:3H /1?C3A <13B "=2M@/B3C@
3
)*6&)36 /@:=A %=:7;3<7
C/< 3:;/< 3AB 1=<A72M@M 1=;;3 :`C< 23A
>=NB3A 67A>/<= /;M@71/7<A :3A >:CA @3;/@
?C/0:3A 2C --3 A7N1:3 3B 1=;;3 C< @M4M@3<B
2/<A :3 2=;/7<3 2C 8=C@</:7A;3 $< @3B73<B
23 :C7 A=< 2=< 23 1=<8C5C3@ A/ >@=A3 /D31 :/
79G: +0)8<- )+;1=1;F ,-: :F)5+-: ,,F,1+)+-: ,655F-: 7)9 3-: )<;-<9:
:65; 69/)51:F-: )< 7)=13365 )9/-5;15
#.*62*7
6
(9 9:@A0,@ ?,92: I #,=4> "2 29*:3 8&2,3
*2 &6G7
M:N<3 @3;7::=< !/C@/ :1=0/ '71/@2= %7
5:7/ 7::3A
%3@3H
#+G5- ,-: )<;-<9:
6
!
!+ /$
&+&*0 &0:.H3
'(
$)$ ' .
6E).87 4-383
+ ()
9&2 *01&2 *7 (327.)*6&)3 923 )* 037 1D7
)*78&(&)37 43*8&7 -.74&23&1*6.(&237 )*0
7.,03 %% &)*1D7 )* 92 6*+*6*28* )*0 4*6.3
).713 6*(36)&)3 436 79 )32 )* (32/9,&6 79
4637& (32 0& 09(-& 436 037 )*6*(-37 -91&
237 < 0& 'J759*)& .2(&27&'0* )* /978.(.& 436
797 -./37 < 29*6& )*7&4&6*(.)37 )96&28* 0&
).(8&)96& 1.0.8&6
6
)40> /0 =:8,9 -4:2=,;340 0? 74??M=,?@=0
#.)&7 )* 23:*0& .3,6&+G& < 0.8*6&896&
:717/ C8=D<3 $@B7H !C7A 67B/@@=<7 "=2M@/
B3C@
3)*6&)36 C03@B @BCA
I:=75<MA 23A 07=5@/>673A 7<4=@;/B7D3A /11C
;C:/<B :3A 2=<<M3A 13A 23CF /CB3C@A >@=>=
A3<B C<3 />>@=163 2C 53<@3 07=5@/>67?C3 =W
A3 ;O:3<B D73 3B :7BBM@/BC@3 @M/:7BM 3B 471B7=<
0*/&)37 )* 0&7 '.3,6&+G&7 .2+361&8.:&7 59*
&(9190&2 )&837 *7837 )37 &9836*7 463432*2
92 &(*6(&1.*283 &0 ,E2*63 '.3,6D?(3 )32)*
:.)& < 0.8*6&896& 6*&0.)&) < ?((.I2 7* 1*=(0&2
6
4??M=,?@=0 M80=209?0 .8*6&896& *1*6,*28*
!3/<2@= aD/:=A :/16/ "75C3: +7B/5:7/<=
(3:D/ :;/2/ (/;/<B/ (16E30:7< "=2M@/
B3C@
3)*6&)36 /<73:/ ::3@0=<
0 +.2&0.=&6 (&)& &(8.:.)&) 037 &983
6*7 +.61&2 */*140&6*7 )* 797 3'6&7
*2 *0 *74&(.3 )* 0.'6*6G& )*0 4&'*
00I2 &6,*28.23
F <@:4 =NA09? 70> ;0?4?> ,=209?49> B 32
59E 79*H&2 037 4*59*H37 &6,*28.237
!7:7/</ =2=1 <MA /@:/<2 %/0:= 3 (/<B7A
%3@:/ (C3H )7;=B6M3 23 =;03::3
4701;0FD;9-
6
, ;:0>40 >0=? 0770 I <@07<@0 .3:>0 B &
43*7G& 7.6:* 4&6& &0,3
7/</ 3::3AA7 !C7A/ CB=@/<A9G "7163:
35CG 3/< "7163: "/C:>=7F %67:7>>3 319
4701;0FD;9-
6
=:4>0809? ,=.07:90 =209?490
69(* )*
0*2,9&7 &6(*032& 6,*28.2&
"75C3: 23 %/:=: %/0:= 3 (/<B7A <7;M >/@
6*7*28&)3 436 %/A1/: =C@2/</
5:;1;<; 9)5E)1:
6
0> -@770> 0? /0> 3:880>
03'37
< -31'6*7
=AM "CS=H C/< (/ABC@/7< C7::3@;= (/
11=;/<<= 6/@:3A 3@0M@7/< B73<<3 /
D=23/C
4701;0FD;9-
&,80/4
D'&)3
6
%09.:9?=0 ,A0. 9M>
(32 2E7 &60&2)
! ;1;- #+G5-
,=7,9/
2(9*2863
6
0> 7@84L=0> /0 7, A4770 &7 09(*7 )* 0&
(.9)&)
+713<B3 /BB7AB/ C7::3@;= (/11=;/<<= :7
17/ C8=D<3 $@B7H :/C27/ %7S37@= :A/ $A=
@7= C7::3@;= "/@BP<3H $:7D73@ "=<57<
4701;0FD;9-
'(
&* )
0#
- #
6
@84L=0> /0 7, 2@0==0 /@ .7,4= I 7 :->.@=
9(*7 )* 0& ,9*66& )* 03 (0&63 & 03 37(963
(=@8 6/:/<2=< 2C/@2= (/163@7 "/@BP<
=6/< 3/< /HB4:32
#+G5- ,-: )<;-<9:
6
, 74??M=,?@=0 /0> 8,=20> & 0.8*6&896& )*
037 1D6,*2*7
(3@57= 7HH7= C7::3@;= (/11=;/<<= =@53
=<A75:7= !3/<2@= aD/:=A :/16/ :/@=
#)365 31;;F9)19-
6
&,0= 70 2:@11=0 0? 7,
8,=20
&*6 *0
&'.713 < 0& =32&
"/@BP< =6/< '71/@2= %75:7/ '71/@2= "=A
<3@ <<73 "=@D/< !/C@3<13 C35C3< (/3@
M@/@2 23 =@B/<H3
4701;0FD;9-
6
770> :9? .3:4>4 70 1=,9K,4> ;:@= M.=4=0 00&7
*0.,.*632 *0 +6&2(E7 4&6& *7(6.'.6
!/C@/ :1=0/ (7:D7/ /@=< (C>3@D73::3 "=2M
@/B3C@
3)*6&)36 %/A1/: =C@2/</
5:;1;<; 9)5E)1:
!/ :7BBM@/BC@3 /@53<B7<3 1=<B3;>=@/7<3 A3 >3C
>:3 23 <=CD3::3A D=7F A=CA :`/7:3 2`C<3 7<2CA
B@73 M27B=@7/:3 3< 1=<AB/<B 3AA=@ &C7 A=<B 13A
M1@7D/7<A &C`M1@7B =< 3B 1=;;3<B 2/<A :` @
53<B7<3 2`/C8=C@2`6C7
& 0.8*6&896& &6,*28.2& (328*1436D2*& 7*
49*'0& )* 29*:&7 :3(*7 (3'./&)&7 436 92&
.2)9786.& *).836.&0 (&)& :*= 1D7 *2 &9,*
B 9.E2*7 732 *7837 *7(6.836*7 B 9E < (I13
7* *7(6.'* *2 0& 6,*28.2& )* -3<
6
H.=4=0 7, /4.?,?@=0 7(6.'.6 0& ).(8&)96&
"/@BP< =6/< )C<C</ "3@1/2= !/C@/ :
1=0/ !3=>=:2= @7HC3:/ "=2M@/B3C@
3)*
6&)36 /<73: 7D7<A9G
!/ :7BBM@/BC@3 B@/D3@A3 :/ 2=C:3C@ 23 :/ 23@
<7N@3 271B/BC@3 ;7:7B/7@3 /@53<B7<3 &C/B@3
M1@7D/7<A >/@:3<B 23 :/ @MM1@7BC@3 2C >/AAM
67AB=@7?C3 3B 23 :3C@A 4/L=<A >/@B71C:7N@3A 23
D7D@3 /D31 :3 A=CD3<7@
& 0.8*6&896& &86&:.*7& *0 )3036 )* 0& J08.1&
).(8&)96& 1.0.8&6 &6,*28.2& 9&863 *7(6.836*7
-&'0&2 73'6* 0& 6**7(6.896& )*0 4&7&)3 -.78I
6.(3 < 79 1&2*6& 4&68.(90&6 )* (32:.:.6 (32 *0
6*(9*6)3
&,80/4
D'&)3
6
6
9?=0?409 ,A0. 4,9, 0770>>4
(32 .&2& *00*77.
#)365 31;;F9)19-
2(9*2863
:=?JE,= (9 8:9/0 /0 .=:9:;4:> D 1,8,>
368D=&6 "2 192)3 )* (63234.37 < +&1&7
%@MA3<B/B7=< 2C 47:;
63<*((.I2 )* 0& 4*0G(90&
6
%09.:9?=0 ,A0. $@49:
2(9*2863 (32 9.23
6
@74: :=?JE,= 0? #,=4> @90 P,11494?0 070.
?4A0Q 90.3 368D=&6 < &6G7 92& >&?2.)&)
*0*(8.:&A
/<73: "=@2H7<A9G (7:D7/ /@=< (C>3@D73::3
:=@3<13 3:/G '3<M 23 311/BG
4701;0FD;9-
6
(90 70.?@=0 ;,= =9,7/:
896& )* 62&0)3 &0:*<6&
#)365 31;;F9)19-
,7A0D=, "2& 0*(
6
C0=.4.0 / ,/84=,?4:9 ;,= ,8:@= /0> 74A=0>
/*6(.(.3 )* &)1.6&(.I2 436 &136 & 037 0.'637
(/<B7/5= /;0=/ /<G !/43@@7N@3 (3@57=
7HH7=
#+G5- ,-: )<;-<9:
D=7F <=CD3::3A
& 0.8*6&896& +&28D78.(& 8.*2* 92& +9*68* 86&).
(.I2 *2 *0 G3 )* 0& 0&8& 36&(.3 9.63,&
36,* 9.7 36,*7 < 90.3 368D=&6 +9*632
86*7 )* 037 ,6&2)*7 (90836*7 )* 92 ,E2*63
59* 7.,9* :.,*28* -3< (32 29*:&7 43E8.(&7
< :3(*7
6
#:0>R, @09:> 4=0> :==0>;:9/,9.0
%09M 3,= 0? %,U7 @>?,A: 2@4==0
3
66*7432)*2(.& *2E -&6 < &J0 978&:3
,9.66*
"/@B/ 5C7@@3 :717/ C8=D<3 $@B7H "716N:3
/H73@ B@/2C1B@713 86&)9(836& !C17/</ 23:
7HH= CAB/D= C3@@3@= "/@73 :/C23
6/@ "=2M@/B3C@
3)*6&)36 "/52/:3</
/;>=@/
"O;3 A7 ZD7<5B /<A 3B :/ ;3@[ :3A AM>/@3<B
'/C: CAB/D= 5C7@@3 <M 3<
3B '3<M 6/@
<M 3<
=<B 3<B@3B3<C C<3 1=@@3A>=<
2/<13 2C@/<B >:CA 23 B@3<B3 /<A !/ >C0:71/
B7=< 23A 13A :3BB@3A 7<M27B3A @MDN:3 :3A :73<A ?C7
=<B MB@=7B3;3<B C<7 13A 23CF >=NB3A
9259* >:*.28* &H37 < *0 1&6A 037 7*4&6&2
&J0 978&:3 ,9.66* 2&(.)3 *2
<
*2E -&6 *2
-&2 1&28*2.)3 92& (3
66*7432)*2(.& )96&28* 1D7 )*
&H37 &
49'0.(&(.I2 )* *78&7 (&68&7 .2E).8&7 6*:*0&
037 :G2(9037 59* -&2 92.)3 *786*(-&1*28* &
*7837 )37 43*8&7
6
M8:.=,?40> ;:;@7,4=0> 09
8M=4<@0 7,?490
*13(6&(.&7 43490&6*7 *2
1E6.(& &8.2&
'71/@2= =@AB3@ =@53 :3;J< @<3AB=
!/1:/C :/7< '=C?C7M =@53 =A17/
"=2M@/B3C@
3)*6&)36 '=2=:4= /;/E7
9)5,- #+G5-
$)$ ' .
'!$( $(
6E).87 4-383 &6037 37(-
+ ()
7@31B7=< C:7= !C2C3S/ %@MA3<B/B7=< "/@P/
%7/ !T>3H
.6*(836 90.3 9)9*H& 6*7*28&
(.I2 &6G& .& I4*=
6
, 74??M=,?@=0 1,9?,>?4<@0 ,@ %R: /0 7, #7,?,
& 0.8*6&896& +&28D78.(& *2 *0 G3 )* 0& 0&8&
3@</<2/ /@1P/ !/= (/;/<B/ (16E30:7<
$:7D3@7= =3:6= '=A/:0/ /;>@/ "=2M@/B3C@
3)*6&)36 "/@7= =:=0=44
!/ :7BBM@/BC@3 4/<B/AB7?C3 3AB C<3 B@/27B7=<
4=@B3 /C 'P= 23 :/ %:/B/ =@/17= &C7@=5/
=@53 !C7A =@53A 3B C:7= =@BJH/@ 4C@3<B
B@=7A 23A 5@/<2A 43@D3<BA 2`C< 53<@3 3<1=@3
>@MA3<B /C8=C@2`6C7 /D31 23A >=MB7?C3A 3B
3A 23@<7N@3A /<<M3A =<B 1=<D3@5M 3< ;M
@7?C3 :/B7<3 27D3@A 5=CD3@<3;3<BA >@=5@3AA7A
B3A ?C7 2MD3:=>>3<B 23A >@=5@/;;3A 3B 23A
>=:7B7?C3A 7<1:CA7D3A 23AB7<MA /CF A31B3C@A :3A
>:CA ;/@57</CF A31B3C@A ?C7 A=CA :`3F3@1713
23A 2M;=1@/B73A A=<B :3A @3>@MA3<B/<BA 23 13
?C7 ;/<?C3 :/ @3163@163 23 :/ @M>/@/B7=< 3B
23 :`M5/:7BM
2 037 J08.137 &H37 -&2 (32@9.)3 *2 1E6.(&
&8.2& 92& 7*6.* )* ,3'.*6237 463,6*7.78&7
59* .14907&2 463,6&1&7 < 430G8.(&7 .2(097.:&7
)*78.2&)&7 & 037 7*(836*7 1*237 +&:36*(.)37
&59*0037 59* *2 *0 )*7*14*H3 )* 0&7 )*13
(6&(.&7 732 037 *;432*28*7 )* 03 59* +&08& 0&
'J759*)& )* 0& 6*4&6&(.I2 < 0& .,9&0)&)
6
=480> ,=209?49> 74??M=,?@=0 ;:74.4L=0 /@
-:@? /@ 8:9/0
6G1*2*7 &6,*28.237 0.8*6&
896& 430.(.&0 )*0 ?2 )*0 192)3
C/< (/ABC@/7< C7::3@;= "/@BP<3H (3:D/ :
;/2/ +713<B3 /BB7AB/ "=2M@/B3C@
3)*6&
)36 C5= %@/23::3
!`67AB=7@3 2C 53<@3 >=:7173@ 3< :/<5C3 1/AB7
'(
&* )
0#
- #
::/<3 1=;;3<13 D3@A :/ 47< 2C - -3 A7N1:3
/D31 :`/>>/@7B7=< 23 &7 -9*00&7 )*0 (6.1*2
23 :`M1@7D/7< /@53<B7< '/V: ,/:37A '/@3A
A=<B :3A M1@7D/7<A ?C7 23>C7A :=@A <`=<B >/A
4/7B C<3 7<1C@A7=< >:CA =C ;=7<A >=CAAM3
2/<A :3 53<@3
& -.7836.& )*0 430.(.&0 *2 0*2,9& (&78*00&2&
(31.*2=& 73'6* *0 +.2&0 )*0 7.,03 % % (32 0&
&4&6.(.I2 )*
)*0 *7
(6.836 &6,*28.23 &J0 $&0*.7 32 43(37 037
*7(6.836*7 59* )*7)* *2832(*7 23 -&2 .2
(967.32&)3 (32 1&<36 3 1*236 E2+&7.7 *2
*0 ,E2*63
6
,9> 70> .:@74>>0> 70 7,-:=,?:4=0 /0 7OM.=4
?@=0
*86D7 )* 0& *7(*2& )*0 *7(6.836 *0 0&
'36&836.3 )* 0& *7(6.896&
"3;>= 7/@27<3::7 C7::3@;= "/@BP<3H '7
1/@2= %75:7/ :/C27/ %7S37@= "=2M@/B3C@
3)*6&)36 (7:D7</ @73@/
'3<1=<B@3 /D31 ?C/B@3 5@/<2A M1@7D/7<A /@53<
B7<A ?C7 >/@:3@=<B 2C ;MB73@ 2`M1@7@3
2(9*2863 (32 (9&863 ,6&2)*7 *7(6.836*7 &6,*2
8.237 59* -&'0&6D2 73'6* *0 3?(.3 )* *7(6.'.6
48,9.30
31.2,3
6
#:M>40 ,=209?490 3*7G& &6,*28.2&
!C7A/ CB=@/<A9G 7/</ 3::3AA7 (7:D7/ /@=<
(C>3@D73::3 "=2M@/B3C@
3)*6&)36 +713<B3
"C:37@=
'3<1=<B@3 3<B@3 B@=7A >=MB3AA3A /@53<B7<3A
1=<A/1@M3A /CF D=7F B@NA 2744M@3<B3A ?C7 7<
1/@<3<B C<3 >/@B73 2C ;37::3C@ 23 :/ >@=2C1
B7=< >=MB7?C3 2C >/GA
2(9*2863 *286* 86*7 43*8&7 &6,*28.2&7 (32
7&,6&)&7 )9*H&7 )* :3(*7 19< ).78.28&7
59* *2(&62&2 4&68* )* 03 1*/36 )* 0& 463)9(
(.I2 43E8.(& )*0 4&G7
6
:=20> 0? ".,8;: /0>
>09?40=> <@4 -41@=<@09?
#=M>09?,?4:9 /@ 74A=0
4J7:2: .:9 :=20>
B 36,*7 < (&143
7*2)*637 59* 7* '.+96(&2
6*7*28&(.I2 )*0 0.'63
6
,=80 /0> 10880> 0>? >0=?40 /0 8:?>
0
&61& )* 0&7 19/*6*7 *78D *2,&78&)& )*
4&0&'6&7
!3=<=@/ "7/<= .=M +/:2MA :A/ $A=@7= !=:/
!/4=<
#+G5- ,-: )<;-<9:
$)$ ' .
'
$
6E).87 4-383 &6& &(.3
+ ()
,97837 (90896&0*7 (314&68.)37 *286* 36,*7 <
#.(836.& (&143 *27&<.78& *7(6.836& < 92&
)* 0&7 1D7 ,6&2)*7 .28*0*(89&0*7 &6,*28.2&7
6
@7?@=0 0? ;:74?4<@0
90896& < 430G8.(&
"/@P/ %7/ !T>3H 2C/@2= '7<3A7 3@<J<
@73<H/ "3;>= 7/@27<3::7 "=2M@/B3C@
)*6&)36 +3@T<71/ '73@/
*< :7D@3 ?C7 ;3B /C 8=C@ :/ >@=4=<23 /;7B7M 3B
:3A 5=XBA 1C:BC@3:A 1=;;C<A 23 =@53A 3B 23
+71B=@7/ $1/;>= 3AA/G7AB3 /CB3C@3 3B :`C<3
23A >:CA 5@/<23A 7<B3::31BC3::3A /@53<B7<3A
"2 0.'63 59* 6*(94*6& 0& *286&H&'0* &1.78&) <
6
:49 /0 @09:> 4=0> */37 )* 9*237
.6*7
!7:7/</ =2=1 7/</ 3::3AA7 3@</<2/ /@
1P/ !/= )C<C</ "3@1/2=
4701;0FD;9-
3
&C/B@3 >3<A3C@A 3B M1@7D/7<A /@53<B7<A =C
D@3<B :3 2M0/B /CB=C@ 23 :/ ?C3AB7=< 1C:BC@3
3B >=:7B7?C3 <3 >3CD3<B OB@3 >3<AM3A AM>/@M
;3<B /<A B=CB3 >@=>=A7B7=< 23 53AB7=< 1C:
BC@3::3 7: G / B=C8=C@A C<3 >@=>=A7B7=<
>=:7B7?C3 7;>:717B3
9&863 4*27&)36*7 < *7(6.836*7 &6,*28.237
&'6*2 *0 )*'&8* &06*)*)36 )* *78& (9*78.I2
(90896& < 430G8.(& 23 49*)*2 4*27&67* 436 7*
4&6&)3 2 (&)& 46349*78& )* ,*78.I2 (9089
6&0 -&< .140G(.8& 92& 46349*78& 430G8.(&
6
=;;/53 K C:7= =@BJH/@
31*2&/* & 90.3 368D=&6
48,9.30
31.2,3
6
0 =:8,9 /0 7, 8M8:4=0 & 23:*0& )* 0&
1*136.&
"3;>= 7/@27<3::7 !C1P/ %C3<H= :A/ $A=
@7= )C<C</ "3@1/2= :3F7A 3<<7 =:=;03
(16<319 !/C@3<B 7<3B
4701;0FD;9-
6
9?=0?409 ,A0. %4.,=/:
#4274,
2(9*2863 (32
.(&6)3 .,0.&
'=53@ @3<73@ #=M 7B@79 "/@7= =:=0=44 '=
A/:0/ /;>@/ C:7/ (/:BH;/<< (/@/ /17=
"=2M@/B3C@
3)*6&)36 %/A1/: =C@2/</
I1@7D/7<A 7<B3::31BC3:A 3B M27B3C@A A3 @MC<7A
A3<B >=C@ @3<2@3 6=;;/53 K C:7= =@BJH/@
1=<A72M@M 1=;;3 :`C< 23A /CB3C@A :3A >:CA
=@757</CF 3B <=D/B3C@A 23 A=< M>=?C3 ;/QB@3
2`C<3 ]CD@3 B=C8=C@A 2`/1BC/:7BM 3B /1B74 2M
43<A3C@ 23A @=7BA 23 :` =;;3
7(6.836*7 .28*0*(89&0*7 < *).836*7 7* 6*J2*2
4&6& -31*2&/*&6 & 90.3 368D=&6 923 )* 037
&9836*7 1D7 36.,.2&0*7 * .223:&)36*7 )* 79
8.*143 )9*H3 )* 92& 3'6& 83)&:G& :.,*28* <
&(8.:3 )*+*2736 )* 037 )*6*(-37 -91&237
@9/4
"/@P/ =2/;/ =<AB/<13 23 /@B7::/B $27:3
3:57<3 "=2M@/B3C@
3)*6&)36 *0/:2=
5C7@@3
6
4.=:14.?4:9> 14.?4:9> 8,50@=0>
.(63?((.3
2*7 0.8*6&896& 1&<36
</ "/@P/ (6C/ (/;/<B/ (16E30:7< (3:D/
:;/2/ <MA /@:/<2
$ 6/B3/C@/G</C2
#)365 31;;F9)19-
92*7
6
#=M>09?,?4:9 /@ 4.?4:9> I A:4=
6*7*28&
(.I2 )*
!C1P/ %C3<H= %/0:= 3 (/<B7A C7::3@;=
"/@BP<3H "/@13:= 75C3@/A "=2M@/B3C@
3
)*6&)36 +P1B=@ /AAC9
#)365 31;;F9)19-
6
0> ,=209?49> I #,=4> @90 ?=,A0=>M0 .=M,
?=4.0
6,*28.237 *2 &6G7 92& 86&:*7G&
(6*&)36&
!/C@/ :1=0/ !C7A/ CB=@/<A9G F3: /A
?C3B (7:D7/ /@=< (C>3@D73::3 :=@3<13 3:/G
'3<M 23 311/BG
4701;0FD;9-
+ ()
'(
&* )
0#
- #
6
6
C;0=4809?,?4:9> 74??0=,4=0> .:9?08;:
=,490>
;4*6.1*28&(.32*7 0.8*6&6.&7 (32
8*1436D2*&7
/;7J< )/0/@=DA9G !C1P/ %C3<H= (/;/<B/
(16E30:7< $:7D3@7= =3:6=
4701;0FD;9-
@9/4
OH?0=9,@?0 @90 -,9/0 /0>>49M0 .@7?0
92& -.7836.*8& )* (9083
C/< (/ABC@/7< =AM "CS=H "75C3: '3> 27
B7=<A +3@B753 @/>671 "=2M@/B3C@
3)*6&
)36 /<73: 7D7<A9G
92*7
6
0> =:8,9> ,@ 2=,9/ M.=,9
3:*0&7 *2 0&
4&28&00& ,6&2)*
:/C27/ %7S37@= !C1P/ %C3<H= C7::3@;= "/@
BP<3H "/@13:= 75C3@/A )@7ABJ< /C3@ "=2M
@/B3C@
3)*6&)36 /;7J< )/0/@=DA9G
6
'=,/@4=0 70> >.409.0> 3@8,490> 0? >:.4,70>
!6&)9(.6 0&7 (.*2(.&7 -91&2&7 < 73(.&0*7
5:;1;<; 9)5E)1:
6
(90 ;09>M0 ,@>?=,70 0 <@ ,;;:=?0 7 ,=209
?490 ,@C & & "2 4*27&1.*283 &9786&0 03
59* &4368& 0& 6,*28.2& & 0&7 (.*2(.&7 -91&
2&7 < 73(.&0*7
"/@BP< =6/< "/@7= =:=0=44 /;7J< )/0/
@=DA9G C7::3@;= "/@BP<3H @317/ J13@3A
/<73: !7<23<03@5
4701;0FD;9-
6
%,U7 ,=-:E, 09 .:9.0=?
&J0 &6'3=& *2 (32(.*683
).8&)3 436 46.1*6& :*= *2 +6&2(E7
)* E(836 *78*6-*0) 1&*7863 )*0 ,E
2*63 )* -.7836.*8&7 < )*7&4&6*(.)3 )96&28* 0&
J08.1& ).(8&)96& 1.0.8&6 *7 92 7G1'303 2&(.3
2&0 &)*1D7 )* 92& )* 0&7 3'6&7 (91'6*7 )*
0& (.*2(.& ?((.I2 &6,*28.2& "2 6*0&83 .286.
,&28* 00*23 )* 798.0*7 1*8D+36&7 73'6* 0& 73
(.*)&) < 0& 430G8.(&
I27BM >=C@ :/ >@3;7N@3 4=7A 3< 4@/<L/7A
23 M1B=@ $3AB3@63:2 ;/QB@3 2C 53<@3
23 :/ 0/<23 23AA7<M3 27A>/@C A=CA :/ 23@<7N@3
271B/BC@3 ;7:7B/7@3 3AB C< AG;0=:3 </B7=</: 3B
C<3 23A ]CD@3A 1C:;7</<B3A 23 :/ A173<13
471B7=< /@53<B7<3 *< @M17B 7<B@75/<B @35=@53/<B
23 ;MB/>6=@3A AC0B7:3A AC@ :3A 4/7BA >=:7B7?C3A
3B A=17/CF
&C/B@3 M1@7D/7<A A3 @MC<7AA3<B >=C@ >/@:3@ 23A
/2/>B/B7=<A 17<M;/B=5@/>67?C3A 23 :3C@A @=
;/<A &C3 >3@2 =< 3B ?C3 5/5<3 B =< :=@A 2C
>/AA/53 /C 5@/<2 M1@/<
9&863 *7(6.836*7 7* 6*J2*2 4&6& -&'0&6 )*
0&7 &)&48&(.32*7 (.2*1&83,6D?(&7 )* 797
23:*0&7 B 9E 7* 4.*6)* < 59E 7* ,&2& *2 0&
49*78& *2 0& 4&28&00& ,6&2)*
6
0> ,7:@490> /,9> 7, 74??M=,?@=0
&0:.2&7
*2 0& 0.8*6&896&
/<73: 7:;CA !7:7/</ =2=1 C7::3@;= (/11=
;/<<= 3@<J< @73<H/ "3;>= 7/@27<3::7
9)5,- #+G5-
:@=9M0 /0> 74A=0> 09 ) " 7 =209?490
#- 79F7)9)5; 76<9 3- #)365 ,< 31=9- 3- -5;9- 5);165)3 ,- 3) 31;;F9);<9- 76<9 3) 2-<5-::)=-+ 3 )1,- ,< #-+9F;)91); ,- 3) <3;<9- -5 9/-5;15- -5 7)9;-5)91); )=-+ 3- #)365 ,< 31=9,- !)91: 65; 69/)51:F 76<9 34)9: <5- 26<95F- , F;<,- :<9 3) 31;;F9);<9- 76<9 3) 2-<5-::-; ,- 79646;165 ,- 3) 3-+;<9- C 3) 1*316;0G8<- );165)3- .9)5E)1:5; 7)9;1+17F 7)941 , )<;9-: 3-: )9/-5;15: 69)+16 65@B3-@ ,19-+;-<9 ,- 3) 1*316;0G8<);165)3- )91)56 69-56 Q5/-3) #1/5-: 79F:1,-5;- ,- 3)
! )9H) !1) J7-@
,19-+;-<9 ,< <:F- ,< 1=9- -; ,- 3) )5/<- 131)5) 6,6+ !-93) #<-@ 5) )9H) #0<)
-476 1)9,15-331 !)*36 - #)5;1: 5F: )93)5, 3)9) <..4)5 -; -5 9-79F:-5;)5; 3)
9)5+- 1+0G3- !-;1; -)5 !1-99- -9+1-9 -; #6701- 6.5<5/
362&)& 73'6* 0.8*6&896& /9:*2.0
313 &)*0&283 )*0 &0I2 )*0 .'63 )* &6G7 *0 *2863 &(.32&0 )* 0& .8*6&896& 4&6& 0&
9:*289) *2 (336).2&(.I2 (32 0& *(6*8&6G& )* 90896& )* 0& &(.I2 6,*28.2& < *0
&0I2 36,&2.=&632 *0
)* 1&6=3 *2 0& .'0.38*(& &(.32&0 )* 6&2(.& 92& /362&)&
73'6* 0.8*6&896& /9:*2.0 < 463,6&1&7 )* 46313(.I2 )* 0& 0*(896&
286* 38637 4&68.(.4&632 037 &6,*28.237 36&(.3 32=D0*= ).6*(836 )* 0& .'0.38*(& &
(.32&0 &6.&23 36*23 C2,*0& .,2*7 46*7.)*28& )* 0&
&6G& .& I4*=
).6*(836& )*0 97*3 )*0 .'63 < )* 0& *2,9& .0.&2& 3)3( *60& 9*= 2& &6G&
-9& *143 .&6).2*00. &'03 * &28.7 0&6& 9++1&2 * 2E7 &60&2) < 436 6&2(.&
.(-F0* *8.8 *&2 .*66* *6(.*6 < 34-.* 3+292,
+ ()
'(
&* )
0#
- #
,S:> /0
,1,7/,
;327= A75:= 23 :/ 1@3/17T< 23 3AB3 :353<2/@7= >3@A=</83 23 67AB=@73B/ /@53<B7<= A3 3F6703< 575/<B=
5@/4P/A 23 /:5C</A 23 ACA B7@/A ;JA 3;0:3;JB71/A G C</ 3A1C:BC@/ 23 "/4/:2/
23;JA 3: 1@3/2=@ 23 :/ 67AB=@73B/ =/?CP< (/:D/2=@ !/D/2= 1=<=172= 1=;= ^&C7<=_ =4@313 C</
3<B@3D7AB/ >V0:71/ 1=<2C172/ >=@ =B@= 23AB/1/2= 270C8/<B3 /@53<B7<= "75C3: '3>
,9> /0
,1,7/,
\ C< 23;7 A7N1:3 23 :/ 1@M/B7=< 23 13 >3@A=<</53 23 0/<23 23AA7<M3 /@53<B7<3 :M53<2/7@3 A=<B
>@MA3<BM3A 23A /447163A 5@/<2 4=@;/B 23 A3A D75<3BB3A :3A >:CA 3;0:M;/B7?C3A 3B C<3 A1C:>BC@3
23 "/4/:2/
< >:CA :3 1@M/B3C@ 23 :/ 0/<23 23AA7<M3 =/?CP< (/:D/2=@ !/D/2= 1=<<C A=CA :3 <=; 23 Z&C7<=[
>@=>=A3 C< 3<B@3B73< >C0:71 ;3<M >/@ C< /CB@3 7;>=@B/<B 23AA7</B3C@ /@53<B7< "75C3: '3>
+ ()
'(
&* )
0#
- #
#@-74.,.4:90>
#@-74.,?4:9>
)@3A =0@/A >@=2C8= :/ (31@3B/@P/ 23 C:BC@/ 23 :/
%@3A723<17/ 23 :/ #/17T< @53<B7</ 3A>317/:;3<B3
>/@/ >@3A3<B/@ 3< 3: (/:T< 23: !70@= 23 %/@PA
)@=7A ]CD@3A 3< >/@B71C:73@ >@=2C7B3A >/@ :3 (31@M
B/@7/B 23 C:BC@3 23 :/ #/B7=< @53<B7<3 A3@=<B >@M
A3<BM3A /C (/:=< 2C :7D@3 23 %/@7A
0??=0>
,=209?490>
09 =,9.0
70??=0>
1=,9K,4>0>
09 =209?490
0?=,> ,=209?49,> 09
=,9.4, 70?=,> 1=,9.0>,> 09
7, =209?49,
:;) )5;636/H) 9-+9-) <5 ,1B36/6 -5;9- +15+<-5;)
73<4): ,- <56 ? 6;96 7)H: 8<- -:*6@)965 :< 7-5
:)41-5;6 ? :< 6*9) -5 ,1:;15;6: 464-5;6: ,- 3)
01:;691) 6479-5,- ;->;6: ,- <)5 )<;1:;) 3
*-9,1 <+16 & )5:133) "1+)9,6 "62): "1+)9,6
M19)3,-: 31=-916 1965,6 -6763,6 )9-+0)3
&1+;691) +)476 69/- <1: 69/-: #13=15)
+)476 ")K3 65@B3-@ $<IJ5 )5<-3 <21+)
B15-@ <316 69;B@)9 ? ,63.6 16? ):)9-:
-5;9- 36: )<;69-: )9/-5;156: ? ,- -69/-: 3F
4-5+-)< 5);63- 9)5+- !)<3 96<::)+ -)5
)<9G:
5,9F )39)<>
3*-9; )4<:
3)15
"6**- 9133-; <3-: &-95- ? )+8<-: -991,)
-5;9- 36: 9-.-9-5;-: .9)5+-:-:
0??=0> ,=209?490> 09
=,9.0 70??=0> 1=,9K,4>0>
09 =209?490
-;;- )5;0636/1- 79F:-5;- <5 ,1)36/<- -5;9- +15
8<)5;- 73<4-: ,-: ,-<> 7)?: 8<1 65; 79F:-5;F
3-<9: 9F.3->165: -; 3-<9: N<=9-: C ,1..F9-5;: 46
4-5;: ,- 3 01:;61933- +65;1-5; 3-: ;->;-: ,- <)5 )<;1:;) 3*-9,1
<+16 & )5:133) "1+)9,6 "62): -69/-: 9)
8<- 31=-9 1965,6 -6763,6 )9-+0)3 &1+;691)
+)476 69/- <1: 69/-: #13=15) +)476
")<3 65@)3-@ $<IJ5 )5<-3 <21+) )15-@ <316
69;B@)9 -; ,63.6 16? ):)9-: 76<9 3-: )9/-5
;15: -; -69/-: 3-4-5+-)< 5);63- 9)5+!)<3 96<::)+ -)5 )<9G: 5,9F )39)<> 3
*-9; )4<: 3)15 "6**- 9133-; <3-: &-95- -;
)+8<-: -991,) 7)941 3-: 9F.F9-5+-: .9)5E)1:-:
,9.4:90> 3,9>:9>
?,3@,7;, +@;,9<@4
,1+1J5 *1315/M- ,- 76-4): ,- ;)0<)37) (<7)5
8<1 <56 ,- 36: 4B: /9)5,-: )9;1:;): )9/-5;156:
,- ;6,): 3): F76+): 8<- :<76 765-93- =-9:6: ?
4-36,H) ) 36: 7)1:)2-: ,- :< ;1-99) ? -5 -:/-:;6 :< ;)3-5;6 :- =63=1J <51=-9:)3
)+1,6 -5
-5
3) +F3-*9- ,1;0 !1). 36
15=1;J ) )+;<)9 -5 !)9H: +1<,), -5 3) 8<- 9-:1,1J
,-:,- .15)3-: ,5
.<- 564*9),6
)*)33-96 ,- ): 9;-: ? ): -;9): 769 -3 151:
;-916 ,- <3;<9) .9)5+F: :;- =63<4-5 ,-3 8<:- ,1:;91*<?-5 413-: ,- -2-473)9-: /9);<1;6: -5 -3
7)*-33J5 )9/-5;156 -: <5 064-5)2- ) <5 )9;1:;)
+<?) 6*9) )+-9+J ,6: 5)+165-: ? :<: +<3;<9):
,9.4:90> 3,9>:9>
?,3@,7;, +@;,9<@4
A,1;165 *1315/<- ,-: 76G4-: ,- ;)0<)37) (<
7)58<1 3 <5 ,-: 73<: /9)5,: )9;1:;-: )9/-5;15: ,;6<: 3-: ;-47: 8<1 ) :< 4-;;9- ,-: =-9: -; ,-:
4F36,1-: )<> 7)?:)/-: ,- :65 7)?: -; )=-+ +/-:;- :65 ;)3-5; -:; ,-=-5< <51=-9:-3
F -5
-5
3) +F3G*9- ,1;0 !1). 3 15=1;C 26<-9 C !)91: =133- 6L 13 ) =F+< ,-7<1: 3) .15 ,-:
)55F-:
5
13 ) F;F 5644F 0-=)31-9
,-: 9;: -; ,-: -;;9-: 7)9 3- 151:;G9- .9)5E)1:
,- 3) <3;<9- - =63<4- )=-+ ,-: 41331-9: , >-473)19-: /9);<1;: ,1:;91*<F: -5 9/-5;15- -:;
<5 0644)/- C <5 )9;1:;- ,65; 3- ;9)=)13 ) 9)7796
+0F ,-<> 5);165: -; 3-<9: +<3;<9-:
4..4:90> ;,=, A0=
:;- +);B36/6 ,- ,-9-+06: 31;-9)916: )9/-5;156:
7)9) 6*9): )<,16=1:<)3-: 9-K5- :H5;-:1: )9/<4-5
;)3-: ,- <5) ;9-15;-5) ,- ;->;6: ,- 56=-3) 964B5
;1+) 6 5-/9) )=-5;<9) ,9)4) 01:;J91+6 9-3);6
+6:;<4*91:;) 6 763H;1+6 8<- 7)9-+-5 +9-),):
7-5:)5,6 -5 3): 7)5;)33): ,-3 +15- 6 3) ;-3-=1:1J5
- 2-9)98<H) 5)99);1=) 3): 71-@): .<-965 -:+91;):
769 <133-946 )9;H5-@ '):015/;65 <+<9;6
,<)9,6 Q3=)9-@ $<IJ5 )9H) "6:) 626 #13=1)
7)99)/<199- )51-3 6?)56 $64B: 36? )9;H
5-@ ? )*91-3 "63J5 -5;9- 6;9): 73<4):
4.?4:9> I A:4=
- +);)36/<- ,- ,961;: 31;;F9)19-: )9/-5;15: 76<9
3) 796,<+;165 ,PN<=9-: )<,16=1:<-33-: 9)::-4*33-: )9/<4-5;: 9F:<4F: ,P<5- ;9-5;)15- ,- 96
4)5: ,P)=-5;<9-: ;09133-9: 964)5;18<-: ,9)4-:
01:;6918<-: 01:;619-: 6< 4N<9: 7631;18<-: 8<1
:-4*3-5; )=619 F;F +9FF: -5 7-5:)5; )<> F+9)5:
,- +15F4) 6< ,- ;F3F=1:165
P<5 /9)5, 51=-)< 5)99);1. 3-: 71G+-: 65; F;F F+91
;-: 7)9 <133-946 )9;H5-@ '):015/;65 <+<9;6
,<)9,6 Q3=)9-@ $<IJ5 )9H) "6:) 626 #13=1)
7)99)/<199- )51-3 6?)56 $64B: 36? )9;H5-@
-; )*91-3 "63J5 -5;9- )<;9-: 73<4-:
+ ()
'(
&* )
0#
- #
:=20 @4> :=20> M.?:= @=09, =?@=:
,@=0?.30 ,9@07 #@42 @,9 :>M &,0=
705,9/=, #4E,=946 0,?=4E @4/: /:71: 4:D
,>,=0> ,A4/ )4S,> /@,=/: ,770, 9=4<@0
:749, =90>?: &J-,?: 7-0=?: @4==4 ,9@07
@54., J490E 0:;:7/: ,=0.3,7 ,=?, D9.3
"72, "=:E.: %4.,=/: :749,=4 &,=, ,77,=/:
&47A49, @77=4.3 &47A49, ".,8;: )4.?:=4,
".,8;: D ,=R, 709, *,7>3
$)$ ' .
%
'#-# ,
6E).87 4-383 *4* *62D2)*=
' +$
'
!
' .
$" '$
*7 &6(-.:*7 )* 6&(.*0& &6(G& 31*63
$)$ ' .
6E).87 4-383
!
!+ /$
&+&*0 &0:.H3
%0?=,?:> /0 7, 34>?:=4,
74?0=,=4, ,=209?49,
#:=?=,4?> /0 7 34>?:4=0
74??M=,4=0 ,=209?490
< :=A ;C@=A 3FB3@7=@3A ?C3 2347<3< 3: 3A>/17=
^"=307CA_ A3 3F6703<
4=B=5@/4P/A 3< 6=;3
</83 / @31=<=172=A /CB=@3A /@53<B7<=A G/ 4/::317
2=A 1CG/ =0@/ 7<B35@/ 3: >/<B3T< 23 :/A :3B@/A
</17=</:3A
(C@ :3A ;C@A 3FBM@73C@A ?C7 1=<475C@3<B :`3A>/13
Z "=307CA [ =< B@=CD3@/ 3< 3F>=A7B7=<
>=@B@/7BA
>6=B=5@/>67?C3A K :`6=<<3C@ 23 @3<=;;MA M1@7
D/7<A /@53<B7<A 2M1M2MA 2=<B :`]CD@3 7<BN5@3 :3
>/<B6M=< 23A :3BB@3A </B7=</:3A
+ ()
'(
&* )
0#
- #
O =209?490
/,9> >, 8@>4<@0
, =209?49,
09 >@ 8U>4.,
3CF A>31B/1:3A /@B7AB7?C3A >=C@ 2744CA3@ :3A @GB6;3A
:3A >:CA >=>C:/7@3A 2C >/GA
=A 3A>31BJ1C:=A /@BPAB71=A >/@/ 274C<27@ :=A @7B;=A
;JA >=>C:/@3A 23: >/PA
4)9:
0
1,1) 69,) +0)5;- (<7)58<1
$->;-: -; +0)5:65: ,< +0)5;-<9 ;)0<)37) (<7)58<1
4)9:
0
")K3 )9*6@) -5 +65+-9;
%5 +65+-9; )=-+ :-: 71G+-: 3-: 73<: .)4-<:-:
1-<
9)5,- #+G5-
,- 4)9@6
0
1,1) 69,) +)5;) ) (<7)58<1
5;-979-;) ;->;6: ? +)5+165-: ,-3 +)5;)<;69 ;)0<)37)
(<7)58<1
,- 4)9@6
0
")K3 )9*6@) -5 +65+1-9;6
.9-+- <5 9-+1;)3 +65 :<: 71-@): 4B: ,-:;)+),):
</)9
9)5,- #+G5-
'0==0 /0 @84L=0
@7?@=0 0? >:74/,=4?M 1=,9.: ,=209?490
*<3 3F>=A7B7=< ?C7 @3<2 6=;;/53 K :/ 5M<M@=A7BM 2C >3C>:3 4@/<L/7A
<:8< )<
4)9:
< 3<5,1 )< =-5,9-,1 ,-
44-<*3- ,-: 65: 5.)5;:
151:;G9- ,- 3) <3;<9- -; ,- 3) 644<51+);165
9<- #)15; 6569F
O !)91:
)
0
'40==, /0 @E
@7?@=, D >:74/,=4/,/ 1=,9.: ,=209?49,
*</ ;C3AB@/ 3< 6=;3</83 / :/ 53<3@=A72/2 23: >C30:= 4@/<1MA
):;) -3
,- 4)9@6
- 3<5-: ) =1-95-: ,-
,1.1+16 65: 5.)5;:
151:;-916 ,- 3) <3;<9) ? 3) 64<51+)+1J5
9<- #)15; 6569F
O !)9H:
=-+ 3- :6<;1-5 ,32 *0 &43<3 )*
)
0

Documents pareils

Promotions passager GRATUIT

Promotions passager GRATUIT 1S`bOW\Sa`Sab`WQbW]\aa¸O^^ZW_cS\b<]bSh_cSQS`bOW\aV†bSZaSfWUS\bc\QS`bOW\\][P`SRSQVO[P`Sa^]c`OZZ]cS`ZOU`ObcWb{=TT`SRS^OaaOUS`U`ObcWbZSaRObSaRSR{^O`baSbRS`{aS`dObW]\a^...

Plus en détail