• Non ci sono risultati.

#9:,12*,("#$%&'()*,(;,1.:;#,)2&",1#,)2.%<2)=,

N/A
N/A
Protected

Academic year: 2022

Condividi "#9:,12*,("#$%&'()*,(;,1.:;#,)2&",1#,)2.%<2)=,"

Copied!
21
0
0

Testo completo

(1)

!! !"#$%&'()*+,-.%,/."’),0".1,)2#,2&'3,.3,(),–,45)2,6%'*,7847,

! !

"#$%&'()*!+,-./!012113456!4+,*%7!88!9+/7!8108!

!

:,);+%/.-7<!=(+!>(,’-!?,(@!-2)!A%/B!(B!:-!

#9:,12*,("#$%&'()*,(;,1.:;#,)2&",1#,)2.%<2)=,

"

$%"&'()*+,-".),/-*01"2*)0"3)4'-560-60",07"&'(8"9,5)',-*0!"

"

"

45,6%'*,7847,

"

"

"

0C!:,-&(*+D-.(,!

"

:(*0*;'("'06<=,+'5%"),-"46,()67"6/546;6">4*>*45'*0-"'0";,0%"(*=054'6-?"$=5"

5)6">4*@+6;"'-"A,4"B*4-6"5),0"B6"),C6"=0764-5**7"=05'+"0*B?"D)'-"'-"@6(,=-6",++"

-5=7'6-"6/>+*4'0E"6(*0*;'("'06<=,+'5%"),C6"-%-56;,5'(,++%"=07646-5';,567"5)6"

B6,+5)",07"'0(*;6"60F*%67"@%"5)6"B*4+7’-"B6,+5)'6-5"'07'C'7=,+-?"D)6"60*4;*=-"

<=,05'5%"*A",--65-")6+7"*AA-)*46",07"'0"*>,<=6",07",0*0%;*=-"-54=(5=46-"'-"0*5"

A,(5*467">4*>64+%"'05*",0%@*7%’-"(,+(=+,5'*0-?"&*5"*0+%"5),51"@=5"5)6"):#"/"*A"

4'-'0E"'06<=,+'5%"'0";,0%"(*=054'6-",>>6,4-"5*"@6"B*4-6"5),0">46C'*=-+%"5)*=E)51"

A*4"-';'+,4"46,-*0-?"

"

G5"'5-"-';>+6-51"*=4",4E=;605"'-"5),5"'A",0",--65"'-")'7760"'0",0"*AA-)*46"@,08"

,((*=051"*4",0"*AA-)*46"54=-5"*4"(*;>,0%1",07"5)6"=+5';,56"*B064"*4"@606A'(',4%"

*A"5)6"'0(*;6"*4"(,>'5,+"(,00*5"@6"'7605'A'671"5)60"5)'-",--65",07"5)6"'0(*;6"'5"

>4*7=(6-"B'++"0*5"@6"(*=0567"'0"5)6"'06<=,+'5%"-5,5'-5'(-?"G+;*-5",++"5)6-6")'7760"

,--65-",46"*B067"@%"5)6"B*4+7’-"B6,+5)'6-5"'07'C'7=,+-?"".*"'5"A*++*B-"5),5"5)6"

'06<=,+'5%"-5,5'-5'(-1">,45'(=+,4+%",5"5)6"5*>"607"*A"5)6"-(,+61"=07646-5';,56"5)6"

-(,+6"*A"5)6">4*@+6;?"""

"

"""""""""""""""""""""""""""""""""""""""" """"""""""""""""

!"&'()*+,-".),/-*0"'-",=5)*4"*A">:#&;%:#,!;'&"/;+,>&?,@&A#";,&"/,)2#,B#",12.,C).'#,)2#,D.:'/E, H,07*;"I*=-61"JK!!?"2*)0"3)4'-560-60"'-"A*4;64":(*0*;'("G7C'-64"5*"5)6"LM"5,/"),C60"*A"264-6%"

,07"'-"7'46(5*4"*A"5)6"D,/"2=-5'(6"&65B*48?"&'(8"9,5)',-*0"'-"@=-'06--"(*446->*07605",5"5)6"

$=46,="*A"N0C6-5'E,5'C6"2*=40,+'-;?"""

(2)

J! !"#$%&'()*+,-.%,/."’),0".1,)2#,2&'3,.3,(),–,45)2,6%'*,7847,

G+5)*=E)";,0%"-5=7'6-"7*"54%"5*"(*;>60-,56"A*4";'--'0E"*AA-)*46"7,5,1"%//!

)EF)&-G!.,-)&H.)@)*!B(&!-2.G!&)F(&-!%'&))*!-2%-!,(!G-+*7!D(#)G!)H),!D/(G)!

-(!D(#F),G%-.,'!G+BB.D.),-/7?"#.66"F.?,4"A*4"@4'6A"6/>645"(*;;605-O?"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

G+5)*=E)";=()"*A"5)6"B6,+5)",07"'0(*;6"*A"5)6">**46-5"'-",+-*"“;'--'0E1”",-"5)6%"

,46"6->6(',++%"),47"5*",((6--",07"5*"-=4C6%1"5)6'4"‘;'--'0E’",--65-",07"'0(*;6",46"

'0-'E0'A'(,05"B)60"(*;>,467"5*"5)*-6",5"5)6"5*>1"-*"5)6%";,86"+'55+6"7'AA6460(6"5*"

5)6"*C64,++"'06<=,+'5%">'(5=46?""

"

!

3(E!0<!I+(-%$/)!;+(-)G6!B&(#!-2)!)EF)&-G!

"

N0"46->*0-6"5*"*=4"'0'5',+"<=6-5'*0P"7*"%*="@6+'6C6"*=4"5)6-'-"'-"C,+'7Q"D)6"

A*++*B'0E"46->*0-6-"(,;6"A4*;"5)6"6/>645-"B6"(*05,(567P"

"

-#;E,/#3("()#'*G,,

H,52(#%G!J.K)--76!>4*A6--*41"R,4'-".()**+"*A":(*0*;'(-"

!

IJ;.'%)#'*G,

S"4%#!J.LL.'%-.1"G--*(',56"T6++*B1"N0-5'5=56"A*4"R*+'(%".5=7'6-"#NR.O"'0"

U,-)'0E5*01"V?3?!

,

!,&<:##,1()2,*.%:,)2#;(;,&"/,!,J#'(#A#,H,#A#:*."#,/.#;G,,

S"M./(&%*!?(H%D)H.D1"3)'6A".5,5'-5'(',0"A*4"5)6"L?&?"I=;,0"V6C6+*>;605"

H6>*45"WAA'(6"

"

!,)2("0,)2#:#’;,".,/.%J),12&);.#A#:G,G,G"K#.L'#,;&*,)2#:#’;,'.);,.3,M."#*, M(;;#/,.%),&"/,)2&)’;,):%#G,>2#:#,(;,&",(;;%#,2#:#G,

N!3&%,K(!M./%,(H.D6!X6,7":(*0*;'-5"'0"5)6"U*4+7"$,08"46-6,4()"E4*=>"!

"

>2#,M&(",J(&;,(;,'(0#'*,).,J#,&),)2#,).L,#"/,.3,)2#,/(;):(J%)(."G,F%),1#,/.,".),

*#),2&A#,)2#,/&)&,"##/#/,).,N.::#N),3.:,)2(;,L:.J'#M,&N:.;;,&'',N.%"):(#;G!!

N!M%&-.,!O%H%//.(,"G(5'0E"3)'6A":(*0*;'-5",07".60'*4"Y'(6"R46-'7605"

V6C6+*>;605":(*0*;'(-1"U*4+7"$,08"

"

>2#:#,(;,&J;.'%)#'*,".,/.%J),&),&'',)2&),)2#,;)&)(;)(N;,.",("N.M#,&"/,1#&')2,

&),)2#,).L,%"/#:;)&)#,)2#,L:.J'#ME,3.:,)2#,:#&;.";,)2&),*.%,;&*G,, S"4-)@%&-!P%,G/)71",=5)*4"*A">2#,O.;),.3,!"#$%&'()*+,D2*,PN.".M(N, P$%&'()*,(;,P;;#")(&',3.:,Q#N.A#:*G,

,

>2#,1#&')2,.3,)2#,A#:*,:(N2,(;,M&;;(A#'*,%"/#:H:#L.:)#/,(",2.%;#2.'/;,

;%:A#*;,&"/,RL:.J&J'*,;'(<2)'*,'#;;,;.=,(",)&?,&NN.%");G,K:.L#:,:#L.:)("<, 1.%'/,/:(A#,%L,)2#,S("(,&"/,/:(A#,/.1",)2#,1#&')2,;2&:#,.3,)2#,L..:#;),78, L#:,N#")G,

N!?)H.,!Q%-K.,G1"0*046-'7605"-60'*4"A6++*B1"360564"A*4"L0'C64-,+"

:7=(,5'*01"$4**8'0E-"N0-5'5=5'*0"

(3)

Z! !"#$%&'()*+,-.%,/."’),0".1,)2#,2&'3,.3,(),–,45)2,6%'*,7847,

U6,+5)%">6*>+61"*4"I'E)"&65"U*45)"N07'C'7=,+-"#I&UN-O"'0"5)6"@,0864-’"

>,4+,0(61"=-=,++%"),C6",7C'-64-"*AA64'0E",++";,0064"*A"*AA-)*46"-64C'(6-1"4,0E'0E"

A4*;";'+7"#+6E,+O"5,/">+,00'0E"5*"5)6"(+*,8'0E"*A",--65-"A*4"5)6">=4>*-6"*A"5,/"

6C,-'*0",07";,0%"*5)64"(4';6-?"G">4'C,56"E+*@,+"'0A4,-54=(5=46"*A"+,B%64-1"

,((*=05,05-1"@,0864-",07"(*;>,0%",07"54=-5"A*4;,5'*0",E605-",46"767'(,567"5*"

)'7'0E"5)6",--65-"*A"5)6"B*4+7’-"B6,+5)'6-5"'07'C'7=,+-"–",07"5)6%"),C6"@660"

->6(5,(=+,4+%"-=((6--A=+1",-"2,;6-"I604%’-",((*;>,0%'0E"46>*45"A*4"5)6"D,/"

2=-5'(6"&65B*48"-)*B-?""

"

I604%’-"46-6,4()1"B)'()"B6"@6+'6C6"'-"5)6";*-5"4'E*4*=-",07"(*;>46)60-'C6"

-5=7%"*A"'5-"8'071"46C6,+-"5),5"B6++"'0"6/(6--"*A"L.["J!"54'++'*0"'-")6+7"=046(*4767"

,07"*AA-)*461"(*0-64C,5'C6+%"6-5';,567?"&*"6-5';,56"*A";'--'0E"B6,+5)"*0"5)'-"

-(,+6"),-"6C64"@6A*46"@660"(*0-54=(567?"D)646A*461"@*5)"B6,+5)",07"'06<=,+'5%"

,46"@6'0E"74,;,5'(,++%"=07646-5';,567"5*","C64%"-'E0'A'(,05"76E4661"'0"6C64%"

-5=7%",07"'0"6C64%"(*=054%?"

"

U'5)"5)6"@*55*;"),+A"*A"5)6"B*4+7’-">*>=+,5'*0"5*E65)64">*--6--'0E"@,46+%"!\"

>64(605"*A"E+*@,+"B6,+5)"B)'+6"5)6"5*>"!K\"*B0-"]^\J1"6(*0*;'("'06<=,+'5%"'-"

B'76+%",07"'0(46,-'0E+%"46(*E0'-67",-",">4*@+6;"'0"'5-"*B0"4'E)5?"H6-6,4()"

-)*B-"5),5";*46"=06<=,+"-*('65'6-"5607"5*"6/>64'60(6"-+*B64"E4*B5)1")'E)64"

>*+'5'(,+"'0-5,@'+'5%1",07","B'76"4,0E6"*A"06E,5'C6")6,+5)",07"-*(',+"*=5(*;6-1",-"

F.?,7"6/>+,'0-?"

"

$*5)"5)6"+6E,+",07"5)6"'++6E,+",->6(5-"*A"5)'-">*-6"@'E">4*@+6;-"A*4"'06<=,+'5%"

-5=7'6-?"

"

"

5%$/)!0<!“R/-&%”!A.'2!S)-!Q(&-2!:,*.H.*+%/G!81006!G)/)D-)*!D(+,-&.)G!

!

"

4(+&D)<!T&)*.-!4+.GG)6"S'.J&',D#&')2,Q#L.:),7844?"N5"-66-","E+*@,+"5*5,+"*A"06,4+%"]_1KKK"L+54,"

I'E)"&65"U*45)"N07'C'7=,+-"#LI&UN-O"B'5)",--65-"6/(667'0E"L.[_K";'++'*01"B'5)"J1`KK"*A"5)6;"

6,()"*B0'0E"*C64"[_KK;?"

"

""""""""""""""""""""""""""""""""""""""""""""""""""""""""

J".*=4(6P"S'.J&',D#&')2,Q#L.:),78441"3467'5".='--6"H6-6,4()"N0-5'5=561">!K")55>Paa@'5?+%a>GI(*,""

(4)

^! !"#$%&'()*+,-.%,/."’),0".1,)2#,2&'3,.3,(),–,45)2,6%'*,7847,

D)'-">,>64"'-","A'4-5",556;>5"5*"+,%"*=5"5)6"0,5=46"*A")*B"=046(*4767"*AA-)*46"

,--65-",07"'0(*;6"A667"5)4*=E)"5*"*=4"=0764-5,07'0E"*A"'06<=,+'5%?"$,-67"

>4';,4'+%"*0"*=4"'0564C'6B-"B'5)"-*;6"*A"5)6"B*4+7’-"5*>"6/>645-1"'5"(*05,'0-"

46+,5'C6+%"+'55+6"'0"5)6"B,%"*A"6(*0*;654'(",0,+%-'-1",07"'5"7*6-"0*5"-668"5*"@6"

(*;>46)60-'C6P"'5"-)*=+7"@6"C'6B67",-","-5,45'0E">*'05?"W=4",';"'-"5*"A*(=-"

,55605'*0"*0"5)6">4*@+6;",07"5*"->=4"*5)64-"5*"46-6,4()"5)'-"A'6+7"'0";*46"76>5)?""

!

! !

! !

! !

!

! !

! !

! !

!

! !

!

! !

!

! !

!

!

! !

! !

! !

!

!

3(E!8<!@27!.,);+%/.-7!.G!%!F&($/)#!%,*!D%+G)G!F&($/)#G!

"

G"0=;@64"*A"46(605"-5=7'6-"),C6"A*(=-67"*0"(*446+,5'*0-"@65B660"

'0(*;6"'06<=,+'5%",07","4,0E6"*A"-*(',+",07"6(*0*;'(">4*@+6;-?"

R64),>-"5)6"@6-5"80*B0"'-">2#,CL(:(),T#A#'"@%"M,56"R'(8655",07"

H'(),47"U'+8'0-*0?"D)6%"A*=07"5),5">6*>+6"'0";*46"6<=,+"-*('65'6-"

,46"+'86+%"5*"+'C6"+*0E641",46"+6--"+'86+%"5*"6/>64'60(6";605,+"'++06--1"5*"

=-6"'++6E,+"74=E-1"5*",()'6C6")'E)64"E4,76-",5"-()**+1"5*"@6"';>4'-*0671"

5*"-=AA64"*@6-'5%1"5*"60F*%"-*(',+";*@'+'5%1"5*"-=AA64"C'*+60(61"5*"60F*%"

()'+7"B6++S@6'0E1",07"5*"-=AA64"+*B64"4,56-"*A"5660,E6";*5)64)**7?""

D)'-"-5=7%"),-"@660"B'76+%"46A6460(67P",-"5)6"L?.?"6(*0*;'-5"R,=+"

M4=E;,0">=5"'5"'0"9,%1"“U'+8'0-*0S5%>6""C'6B-",@*=5"5)6"(*44*-'C6"

6AA6(5-"*A"'06<=,+'5%",46"E*'0E"-64'*=-+%";,'0-546,;?”!"

"

G"JK!!"-5=7%"@%"N-,@6+"W45'b",07"9,55)6B"3=;;'0-"A*4"L0'(6A"A*=07"

5),5"A*4"!Z!"(*=054'6-"B)646"'06<=,+'5%"(*=+7"@6";6,-=4671"5)*-6"

B'5)"4'-'0E"'06<=,+'5%"560767"5*"E4*B";*46"-+*B+%"*C64"5)6">64'*7"

-5=7'67"#!ccKSJKK]O1",07"5)'-"“-54*0E"06E,5'C6"(*446+,5'*0"@65B660"

)'E)"'06<=,+'5%",07")'E)"E4*B5)”"46;,'0-"46;,'0-"'05,(5"A*4"

76C6+*>'0E"(*=054'6-",+*06?"D)6%",+-*"A*=07"5),5"'06<=,+'5%"'-"

-54*0E+%",--*(',567"B'5)">*+'5'(,+"'0-5,@'+'5%?"

"

D)646"'-",+-*"6C'760(6"5),5"'06<=,+'5%"B,-","(,=-,+"A,(5*4"@6)'07"5)6"

E+*@,+"6(*0*;'(",07"A'0,0(',+"(4'-'-"-'0(6"JKK`a]?"9=()"*A"5)6"

‘-=@>4';6’"@*44*B'0E">,55640-"*A"+*BS'0(*;6")*=-6)*+7-1"A*4"

'0-5,0(61"B,-"74'C60"@%"6(*0*;'("'06<=,+'5%"-5';=+,5'0E"(*0-=;>5'*0"

,07")'E)64"@*44*B'0E",;*0E"+*B64"'0(*;6"+6C6+-?!""D)'-"()';6-"B'5)"

46-6,4()"@%"5)6"L?.?"6(*0*;'-5"2,;6-"d,+@4,'5)P"

"

“>2#,#A(/#"N#,(",)2#,UGCG,;2.1;,)2&),)2#,:(;#,(",("#$%&'()*,(;,

&;;.N(&)#/,1()2,N:#/(),J..M;E,12(N2,&:#,.3)#",L#:(./;,.3,

;.M#)(M#;,<:#&),L:.;L#:()*G,9"#,1&;,(",)2#,'&)#,4558;,1()2, ("3.:M&)(.",)#N2".'.<*,&"/,."#,(",)2#,7888;,1()2,2.%;("<E, J#3.:#,#A#:*)2("<,3#'',&L&:)G,F%),)2(;,(;,&';.,&,;(<",.3,(";)&J('()*,

—,)2#,N:&;2,)2&),3.''.1;,(;,A#:*,%<'*,J%;("#;;G,!3,1#’:#,<.("<,).,

<.,3.:1&:/,1()2,<:.1)2,.",&,M.:#,;%;)&("&J'#,J&;(;E,)2#", N."):.''("<,("#$%&'()*,&"/,N."):.''("<,(";)&J('()*,&:#,)2#,;&M#, (;;%#G,9"#,(;,&",#?L:#;;(.",.3,)2#,.)2#:G”,

"

"

"

(5)

_! !"#$%&'()*+,-.%,/."’),0".1,)2#,2&'3,.3,(),–,45)2,6%'*,7847,

!

! !

!

!

! !

!

! !

! !

! !

! !

! !

! !

!

! !

! !

! !

!

! 8C!52)!#.GG.,'!@)%/-2<!*.BB)&),-!)G-.#%-)G!

"

M.GG.,'!@)%/-2!0<!-2)!J&.D)!(B!UBBG2(&)6!O)H.G.-)*!

"

2,;6-"I604%’-"JK!J"46>*45"A*4"5)6"D,/"2=-5'(6"&65B*481"605'5+67">2#,K:(N#,.3, 933;2.:#,Q#A(;()#/VE"6-5';,56-"5),5"5)646"'-"@65B660"[J!",07"[ZJ"54'++'*0"*A"

=046(*4767"*AA-)*46"A'0,0(',+"B6,+5)"'0"5)6"B*4+71"(*0-64C,5'C6+%"6-5';,567?""

"""""""""""""""""""""""""""""""""""""""" """"""""""""""""

Z"D)'-",07"*5)64"46+,567"7*(=;605-"(,0"@6"A*=07")646P"

)55>PaaBBB?5,/F=-5'(6?065a(;-aA4*05e(*05605?>)>Q'7(,5f!^]""

!

3(E!8!D(,-*C!

"

.56B,45"X,0-+6%"5,86-","-';'+,4"C'6B1"A*(=-'0E"*0"B),5"),>>60-"B)60","

E,>"*>60-"=>"@65B660"B,E6-",07">4*7=(5'C'5%1"B)60"@606A'5-"A4*;"

E46,564">4*7=(5'C'5%"A+*B"5*"5)6"4'()6-5"-6(5'*0"*A"-*('65%?"D)'-"5)4*B-"

6(*0*;'6-"*=5"*A"@,+,0(6P">=4(),-'0E">*B64",07"(*0-=;64"->607'0E"

A,++",07"5)6"76;,07"E,>"'-"A'++67"@%"4'-'0E"76@51"B)'()">*-5>*06-"5)6"

>4*@+6;?!"

"

R*B64"A*++*B-";*06%1",07"6/546;6"(*0(6054,5'*0-"*A"B6,+5)",5"5)6"5*>"

*A"5)6"'0(*;6"-(,+6"+6,7"'06C'5,@+%"5*"7'->4*>*45'*0,56">*B64",07"

'0A+=60(6"A*4"5)6"B6,+5)'6-5";6;@64-"*A"-*('65%?".*"-*;6"*A"5)6";*-5"

;,+'E0">*+'5'(,+"6AA6(5-"*A"'06<=,+'5%"-56;"A4*;"(),0E6-",5"5)6"C64%"5*>"

*A"5)6"'0(*;6",07"B6,+5)"7'-54'@=5'*0"–"5)6"C64%"-6(5'*0"5),5"*=4"-5=7%"

A*(=-6-"*0?"""

"

U6"B*=+7"E*"A=45)641"-=EE6-5'0E"5),5"5)6",@'+'5%"*A"5)6"B6,+5)'6-5"

;6;@64-"*A"-*('65%"5*">=5"5)6'4";*06%"*AA-)*46"E'C6-"5)6;"E46,5">*B64P"

5)6"*A5S)6,47"(4%"*A"‘7*0’5"5,/"*4"46E=+,56"=-"5**";=()"*4"B6"B'++";*C6"

5*"d606C,"*4"X*07*0"*4"5)6"3,%;,0"N-+,07-”"),-"@660"B'6+767"5*">*5605"

6AA6(5"'0"46(605"76(,76-"'0"6C'-(64,5'0E"A'0,0(',+"46E=+,5'*0-1"A*4('0E"5,/"

(=5-"*0"(,>'5,+1",07";*46?""

"

N0",77'5'*0"5*"5)6";,0%"B,%-"'0"B)'()"'06<=,+'5%"),-"(*054'@=567"5*"5)6"

A'0,0(',+",07"6(*0*;'("(4'-'-1"B6"),C6",+-*"*=5+'067","0=;@64"*A"B,%-"'0"

B)'()"5,/"),C60-",07"5)6"*AA-)*46"-%-56;"),C6"5)6;-6+C6-"(*054'@=567"

5*"5)6"(4'-'-?""

"

"

(6)

g! !"#$%&'()*+,-.%,/."’),0".1,)2#,2&'3,.3,(),–,45)2,6%'*,7847,

G+;*-5",++"5)'-"=046(*4767"B6,+5)",07"'0(*;6"B'++"@6"60F*%67"@%"5)6"5*>"!\"*A"

5)6"B*4+7’-">*>=+,5'*01"74,;,5'(,++%"-86B'0E"5)6"'0(*;6",07"B6,+5)"7'-54'@=5'*0"

'0"5),5">*+'5'(,++%"';>*45,05"-6E;605"*A"5)6"B*4+7’-">*>=+,5'*01",07"),C'0E","

;,F*4"';>,(5"*0"5)6"d'0'"(*6AA'('605"A*4"6,()"(*=054%?"

"

I604%1","A*4;64"()'6A"6(*0*;'-5"A*4"5)6"(*0-=+5,0(%"9(M'0-6%1"74,B-"*0"7,5,"

A4*;"5)6"U*4+7"$,081"5)6"N05640,5'*0,+"9*065,4%"T=071"5)6"L0'567"&,5'*0-1"

(6054,+"@,08-1"5)6"$,08"A*4"N05640,5'*0,+".655+6;605-1",07"0,5'*0,+",((*=05-?"I6"

=-6-"5)6-6"-*=4(6-"–";,0%"*A"B)'()"),C6"06C64"@6A*46"@660"76>+*%67"'0"5)'-"B,%"

–"5*"(*0-54=(5","4,0E6"*A"7'AA64605"6-5';,56-"*A"5)6"-'b6"*A"=046(*4767"*AA-)*46"

B6,+5)1"'0"5)6";*-5"765,'+67"-5=7%"*A"'5-"8'07"6C64"(*07=(567?"

"

D)'-"E4*=07@46,8'0E"46-6,4()"),-"6-5,@+'-)67"5),5"A*4","A*(=-"E4*=>"*A"!Zc"

;*-5+%"+*B"S";'77+6"'0(*;6"(*=054'6-1"5)6-6">4'C,56"*AA-)*46")*+7'0E-"*A"L.["`?ZS c?Z"54'++'*0",46"4*=E)+%"5B'(6"5)6'4",EE46E,56"E4*--"6/5640,+"76@5-"*A"[^?K]"

54'++'*0?"D)6-6"(*=054'6-1"54,7'5'*0,++%"46E,4767",-"76@5*4"0,5'*0-1",46"'0"A,(5"

(467'5*4-"5*"5)6"B*4+71"*0(6"5)6-6"-6(465">4'C,56"*AA-)*46")*+7'0E-",46"5,860"'05*"

,((*=05?"D)6"@'E">4*@+6;"'-"5),5"5)6",--65-",46")6+7"@%","5'0%"B6,+5)%"A4,(5'*0"*A"

5)6-6"(*=054'6-’">*>=+,5'*0-1"B)'+6"5)6"76@5-",46"-)*=+76467"@%"5)6">**464"

-6(5'*0-?"

"

D)6"A'07'0E-"(,++"'05*"<=6-5'*0"(+,';-";,76"@%"dJK"+6,764-"'0"JKKc"'0"5)6"6,4+%"

>64'*7"*A"5)6"A'0,0(',+"(4'-'-"B)60"5)6%"76(+,467"5),5"“5)6"64,"*A"@,08'0E"-6(46(%"

'-"*C64”?""T,4"A4*;"'5P"5)6"-%-56;"'-",+'C6",07"B6++1",07"E4*B'0E"A,-5?"

"

"

M.GG.,'!@)%/-2!8<!-2)!D%G)!(B!-2)!R,.-)*!4-%-)G!!

"

N0(*;6",07"B6,+5)"-5,5'-5'(-"A4*;"5)6"L0'567".5,56-">4*C'76",0*5)64"(=4'*=-"

'07'(,5'*0"*A","+,4E6",;*=05"*A";'--'0E"B6,+5)1"B)'()"'-"-=;;,4'-67"@%".,;"

R'bb'E,5'1"G--*(',56"T6++*B1"N0-5'5=56"A*4"R*+'(%".5=7'6-"#NR.O"'0"U,-)'0E5*01"V?3?"

,07"67'5*4"*A"5)6"NR."06B-+65564"*0"'06<=,+'5%1"605'5+67">..,B%N2?"I6"-,'7"*=4"

5)6-'-"'-"“,@-*+=56+%”"C,+'7",07"0*56-P"

"

“D#,2&A#,&,2%<#,L&:&/.?,(",)2#,/&)&+,&,/(;N.""#N),J#)1##",)2#,/&)&,.", ("N.M#,("#$%&'()*,&"/,)2#,/&)&,.",1#&')2,("#$%&'()*G,>2#,("N.M#,/&)&,)#'',

%;,)2#:#,2&;,J##",&,):%'*,#".:M.%;,;#L&:&)(.",J#)1##",)2#,:(N2#;),.3,)2#, :(N2,–,)2#,).L,4W,&"/,8G4W,H,&"/,#A#:*."#,#';#G,F%),)2#,1#&')2,/&)&,;2.1,%;,

".,<:#&),<:.1)2,(",)2#,;#L&:&)(."G,C.,(),(;,&",#".:M.%;,L&:&/.?GX”,

"

D)6"@6-5"80*B0"L."'0(*;6"7,5,"'-">4*7=(67"@%"R4*A6--*4"D)*;,-"R'8655%"*A"5)6"

R,4'-".()**+"*A":(*0*;'(-",07"R4*A6--*4":;;,0=6+".,6b",5"5)6"L0'C64-'5%"*A"

3,+'A*40',1"$6486+6%?"D,@+6"J"@6+*B1"5,860"A4*;"5)6'4"7,5,1"-)*B-"-2)!.,D(#)G!(B!

-2)!-(F!0V!(B!-2)!R4!F(F+/%-.(,!#(&)!-2%,!*(+$/)*!B&(#!0WX1!N!81016!

@2./)!-2)!.,D(#)G!(B!-2)!-(F!1C0V!#(&)!-2%,!-&)$/)*!%,*!-2)!.,D(#)G!(B!

"""""""""""""""""""""""""""""""""""""""" """"""""""""""""

^"G=5)*4-’"'0564C'6B"B'5)"R'bb'E,5'?"L0+6--"6/>+'('5+%"46A6460(67"*5)64B'-61"<=*56-"'0"5)'-",45'(+6-"

B646"E+6,067"A4*;"'0564C'6B-"B'5)"5)6">6*>+6"'7605'A'67?"

(7)

`! !"#$%&'()*+,-.%,/."’),0".1,)2#,2&'3,.3,(),–,45)2,6%'*,7847,

-2)!-(F!1C10V!#(&)!-2%,!;+%*&+F/)*C!WC64"5)6"-,;6">64'*7"5)6"'0(*;6-"*A"

5)6"@*55*;"cK\"A6++"@%"06,4+%"A'C6">64(605?!!

!

D)6-6"54607-">4*7=(6"-*;6"-5,48"A,(5-1"-=()",-"6-5';,56-"5),5"F=-5"-'/";6;@64-"

*A"5)6"U,+5*0"A,;'+%"#*A"U,+;,45"A,;6O",46"B*45)",-";=()",-"5)6">**46-5"ZK\"*A"

,++"G;64'(,0-?O"

!

5%$/)!8<!-(F!.,D(#)G!%,*!.,D(#)!G2%&)G!.,!-2)!R,.-)*!4-%-)G!

!

"#$%&'!(#!

)*+*!,-!.!

/(#$%&'!0123'!

(#!432$5'607!!

8%66%&!9*!

:'3$'#6!.!

;%:!+!:'3$'#6! ;%:!*<+!

:'3$'#6!

;%:!*<*+!

:'3$'#6!!

+9=*! YZ06ZZ["

#g_?Z`\O" Y\Z86Z]\"

#!K?K\O" Y06\[061]1"

#Z?^!\O"" Y^6^1[6\^[!

#!?J]\O!

)*+*! Y8W6X\1"

#_J?!\O" Y0610W6!1XW"

#!c?]\O" Y\6W1]6^0Z"

#c?_J\O" Y8Z6X\]6W^1!

#^?gZ\O"

"#$3'20'!(#!

(#$%&'!+9=*!>!

)*+*!

–"^?]"\" J?Zg"/" Z?Z^"h" ^?ZJ"/"

!"N.M#,("N'%/#;,N&L()&',<&(";G,C.%:N#+,K(00#)*,&"/,C&#YE,;##,

#';&GJ#:0#'#*G#/%Z[;&#YZ>&J\(<7848G?';E,>&J'#,I],

"

I*B6C64"–",07"5)'-"'-"B)646"R'bb'E,5'’-">,4,7*/"@6(*;6-",>>,4605"–"5)6"B6,+5)"

7,5,"-)*B-","(*;>+656+%"7'AA64605">'(5=46"A4*;"5)6"'0(*;6"7,5,?"G((*47'0E"5*"

B*48"@%".%+C',"G++6E4655*1"(*S(),'4"*A"5)6"360564"*0"U,E6",07":;>+*%;605"

V%0,;'(-"*A"5)6"L0'C64-'5%"*A"3,+'A*40',1"$6486+6%1"5)6"5*>"!\"*A")*=-6)*+7-"

*B067"ZZ?]\"*A",++"5)6"B6,+5)"'0"!c]Z1"B)'+6"Jg"%6,4-"+,5641"'0"JKKc1"5)6"5*>"!"

>64(605"*B067"Z_?g\P","5'0%"'0(46,-6_?"

"

R'bb'E,5'"(*;;605-P"

"

“>2&),(;,)2#,L&:&/.?+,1#,2&A#,)2(;,("N.M#,/&)&,12#:#,("N.M#;,&:#,

$%&/:%L'("<E,&"/,):(L'("<E,&"/,/.%J'("<E,,.A#:,&,L#:(./,.3,)2:##,/#N&/#;,–,

&"/,)2#,1#&')2,3(<%:#;,;2.1,^%;),&,)("*E,)("*,'())'#,J'(L,(",)2&),1#&')2, N."N#"):&)(."G,>2&),(;,&,).)&',/(;N.""#N)G,

,

“>2&),3&")&;)(N,("N:#&;#,R(",("N.M#;=,2&;,).,<.,;.M#12#:#G”"

"

I6"-,'7"5),5";'--'0E"*AA-)*46"B6,+5)"'-"+'86+%"5*"@6","86%"6/>+,0,5'*0"@6(,=-6"*06"

*A"5)6"*0+%"*5)64"6/>+,0,5'*0-"'-"5),5"“)2#*,)&0#,)2&),("N.M#,&"/,J'.1,(),.",_`E888, /(""#:;,#A#:*,"(<2)G,>2&),/.#;"’),M&0#,;#";#G,-.%,;(ML'*,N&"".),N.";%M#,&1&*, )2&),3&")&;)(N,&M.%"),.3,M."#*,)2&),("N.M#,("#$%&'()*,2&;,L%),(").,)2#(:,L.N0#);G”"

"

R'bb'E,5'"(*0-'76467"'5"=0+'86+%"5),5"5)6"B6,+5)"7,5,",0*;,+%"46A+6(567";,F*4"

(),0E6-"'0"5)6"B,%">6*>+6"46->*0767"5*"-=4C6%"7,5,P"5)6"L?.?"T6764,+"H6-64C6"

-=4C6%-",46")'E)+%"765,'+671"B'5)"-6--'*0-"+,-5'0E"A4*;"cK";'0=56-"5*"-6C64,+"

"""""""""""""""""""""""""""""""""""""""" """"""""""""""""

_".66"D,@+6"J"'0":RN"$4'6A'0E"R,>64P"D)6"-5,56"*A"B*48'0E"G;64'(,’-"B6,+5)1"JK!!P"D)4*=E)"

C*+,5'+'5%",07"5=4;*'+1"5)6"E,>"B'760-1"$%".%+C',"G?"G++6E4655*"i"9,4()"J^1"JK!!"

)55>PaaBBB?6>'?*4Ea>=@+'(,5'*0a5)6e-5,56e*AeB*48'0Ee,;64'(,-eB6,+5)eJK!!a""

(8)

]! !"#$%&'()*+,-.%,/."’),0".1,)2#,2&'3,.3,(),–,45)2,6%'*,7847,

)*=4-"A*4"6,()"46->*07605?""I6"-,%-"5),5"*06";'0*4">,45"*A"5)6"6/>+,0,5'*0"'-"5),5"

5)6"T6764,+"H6-64C6"7,5,1"*0"B)'()"G++6E4655*’-"B*48"46+'6-1">=4>*-6A=++%"

6/(+=76-"5)6"B6,+5)'6-5"^KK"G;64'(,0-"–"@=5"6C60"5)601")6"6-5';,567"5),5"

'0(+=7'0E"5)6;";'E)5";,86","7'AA6460(6"6<='C,+605"5*"F=-5"*06">64(605,E6">*'05"

*4"-*?"

"

”a.H."#,2&;,:#&''*,<."#,(").,)2&),L&:&/.?,(",&"*,/#L)2,&),&''G”,

"

D)6"'0(*;6"7,5,")646"'-"@,-67"*0"5,/"465=40-1"B)'()",46"@,(867"=>"+6E,+"

-,0(5'*0-"A*4"5)*-6"B)*"A,'+"5*"(*;>+%1"B)646,-"A*4"-=4C6%-"5)646",46"0*"-=()"

'0(605'C6-"5*"46>*45",((=4,56+%P"5)'-"-=EE6-5-"5),5"5)6"'0(*;6"7,5,1"B)'()"-)*B-"

6/>+*7'0E"'06<=,+'5%1";,%">64),>-"@6"5)6";*46",((=4,56";6,-=46?"#I*B6C64"

-*;6"-=4C6%-"),C6",7C,05,E6-"*C64"5,/"7,5,"5**P".6(5'*0"Z"@6+*B"6/>+*46-"

>4*@+6;-"B'5)"5,/",07"-=4C6%"7,5,?O"

"

:,D(#)!D2%,')G<!R,.-)*!4-%-)G6!0W[WN811[!

!

"

"

G+5)*=E)"5)6"-=4C6%"7,5,",>>6,4-"5*"=07646-5';,56"5)6"-(,+6"*A"5)6">4*@+6;1"5)6"

'0(*;6"7,5,",+-*")6,C'+%"=0764S6-5';,56-"5)6"'0(*;6",5"5)6"5*>"*A"5)6"-(,+6?"G-"

G05)*0%"G58'0-*01"D)*;,-"R'8655%",07":;;,0=6+".,6b",4E=6"'0"5)6'4"B'76+%"

>=@+'('-67"JK!!",45'(+6">.L,!"N.M#;,(",)2#,T."<,Q%",.3,@(;).:*]P"

"

“>2#,%;#,.3,)&?,/&)&,(;,.3)#",:#<&:/#/,

J*,#N.".M(;);,,1()2,,N.";(/#:&J'#,,/(;J#'(#3G,G,G,G,,>2#;#,/.%J);,&:#,1#'',

^%;)(3(#/,3.:,&),'#&;),)1.,:#&;.";G,>2#,3(:;),(;,)2&),)&?,/&)&,&:#,

N.''#N)#/,,&;,,L&:),,.3,,&",,&/M("(;):&)(A#,,L:.N#;;E,,12(N2,,(;,,".),)&('.:#/,)., .%:,"##/;,G,G,G,C#N."/'*E,

(),,(;,,.JA(.%;,,)2&),,)2.;#,,L&*("<,,)&?,,2&A#,,&,,3("&"N(&',,("N#")(A#,,).,,L:#;#"

"""""""""""""""""""""""""""""""""""""""" """"""""""""""""

g"G05)*0%"$?"G58'0-*01"D)*;,-"R'8655%1",07":;;,0=6+".,6b1">.L,!"N.M#;,(",)2#,,T."<,Q%",.3,

@(;).:*1"2*=40,+"*A":(*0*;'("X'564,5=46"JK!!1"^cP!1"Z–`!1">!c"

)55>Paa>'8655%?>-6?60-?A4aA'()'64-aG58'0-*0R'8655%.,6bJK!!?>7A""

(9)

c! !"#$%&'()*+,-.%,/."’),0".1,)2#,2&'3,.3,(),–,45)2,6%'*,7847, ),,)2#(:,,&33&(:;,,(",,&,,1&*,,)2&),,:#/%N#;,,)&?,,'(&J('()(#;G,

>2#:#,(;,)&?,,&A.(/&"N#,,&"/,,)&?,,#A&;(."G,,>2#,,:(N2E,,(",,L&:)(N%'&:E,,2&A#,,&,,

;):."<,,("N#")(A#,,).,,%"/#:;)&)#,,)2#(:,,)&?&J'#,("N.M#;G”,

"

d'C60"5)'-"60*4;*=-"=07646-5';,5'*0"'0","(*=054%"B'5)"*06"*A"5)6"B*4+7’-";*-5"

-*>)'-5'(,567",07"6/560-'C6"7,5,"(*++6(5'*0"A,('+'5'6-1"'5"-66;-"+'86+%"5),5"5)'-"

-5,5'-5'(,+"=0764-5,56;605"*A"B6,+5)"'06<=,+'5%";,%"@6"6C60"+,4E64"'0"*5)64"

(*=054'6-1">,45'(=+,4+%"76C6+*>'0E"(*=054'6-"B)646"5)646"'-"E46,564"46+',0(6"*0"

>*--'@+%"'0A64'*4"-=4C6%"7,5,"A*4"@*5)"'0(*;6",07"6/>60-6-1",07"B)646"5,/"

,7;'0'-54,5'*0-",46"A,4"B6,864"5),0"'0"5)6"L0'567".5,56-?""

"

"

M.GG.,'!@)%/-2!Z<!_B&.D%’G!U*.(+G!>)$-G!

!

G((*47'0E"5*"X6*0(6"&7'8=;,0,1"46-6,4()"7'46(5*4"*A"5)6"GA4'(,0"V6C6+*>;605"

$,081",07"2,;6-"$*%(61">4*A6--*4"*A"6(*0*;'(-",5"5)6"L0'C64-'5%"*A"

9,--,()=-655-1"G;)64-51"5)6"-)664"C*+=;6"*A"-6(465+%")6+7">4'C,56",--65-"7B,4A’-"

GA4'(,’-">=@+'("76@5-1";,8'0E"'5","065"(467'5*4"5*"5)6"46-5"*A"5)6"B*4+7?""N0"5)6'4"

@**8"I3:(N&’;,9/(.%;,b#J);+,@.1,\.:#(<",T.&";,&"/,O&L()&',\'(<2),F'#/,&,

O.")("#")E"&7'8=;,0,",07"$*%(6"6-5';,56","(=;=+,5'C6"[c^^"@0"'0",((=;=+,567"

A+'E)5"(,>'5,+"A4*;"ZZ"GA4'(,0"(*=054'6-"'0"!c`KSJKK]1"(*;>,467"5*"“F=-5”"[!``"

@0"'0"6/5640,+"76@5-1";,8'0E"GA4'(,","065"(467'5*4"5*"5)6"B*4+7?""D)'-"()';6-"

(+6,4+%"B'5)"2,;6-"I604%’-"46-6,4()",((*;>,0%'0E"5)'-">,>64?"D)6"@'E">4*@+6;"

)646"'-"5),5P"

"

“)2#,&;;#);,&NN%M%'&)#/,J*,M#&";,.3,N&L()&',3'(<2),&:#,L:(A&)#E,12('#,)2#,

#?)#:"&',/#J);,&:#,L%J'(N,'(&J('()(#;,.1#/,).,)2#,N:#/().:;,J*,)2#,L#.L'#,.3, I3:(N&,)2:.%<2,‘)2#(:’,<.A#:"M#");G”c,

"

I604%’-"6-5';,56-",((*;>,0%'0E"5)'-"46>*45">4*7=(6","-';'+,4">'(5=46?"D)6-6"

GA4'(,0">4'C,56",--65-1",07"5)6"'0(*;6"6,4067"@%"5)6-6",--65-"#B)'()"'-"*A560"

,((=;=+,5671",07"->6051"C',"*AA-)*46"('4(='5-"5**O"B'++"E6064,++%"0*5"@6",((*=0567"

A*4"'0"5)6"'06<=,+'5%"-5,5'-5'(-?"D)6">4*@+6;"A*4";,0%"76C6+*>'0E"(*=054'6-1",-"

.6(5'*0"Z"6/>+,'0-1"'-"+'86+%"0*5"F=-5"5*"@6","-'E0'A'(,05"A,(5*4"'0"5)6"

=07646-5';,5'*0"*A"5*>"'0(*;6-1"@=5">*5605',++%","(,5,-54*>)'("*06?"

"

M.GG.,'!Q)%/-2!\<!U,)6!A7*)!J%&K6!P(,*(,!

"

d655'0E","),07+6"*0"5)6"*B064-)'>">,55640-"*A"5)6"B6,+5)%"'-"6/546;6+%"),47?"

G06(7*5,+"6C'760(61")*B6C641"-=EE6-5-"5),5"*AA-)*46"*B064-)'>"'-"6/546;6+%"

>64C,-'C61"6->6(',++%"'0"(645,'0",46,-"-=()",-"5)6"A'0,0(',+"(60546"*A"X*07*0?""

"""""""""""""""""""""""""""""""""""""""" """"""""""""""""

`"I3:(N&’;,9/(.%;,b#J);+,@.1,\.:#(<",T.&";,&"/,O&L()&',\'(<2),F'#/,&,O.")("#")E,Xj*0(6"&7'8=;,0,"

,07"2,;6-"M?"$*%(61"k67"$**8-1"JK!!?"R,45'(=+,4+%"3),>564"J?"D)6",=5)*4-"(*0(676"5),5"B)'+6"

;=()"*A"5)'-";*06%"B'++"),C6"@660"‘7'--'>,567"'0"R,4'-',0"-)*>>'0E"->466-’1"5)6"‘(=;=+,5'C6"-5*(8"

B'5)"';>=567"'05646-5"6,40'0E-"'-","46,-*0,@+6"'07'(,5*4"*A"5)6"*>>*45=0'5%"(*-5"*A"5)6"A,'+=46"5*"

'0C6-5"5)6-6"A=07-">4*7=(5'C6+%"'0"GA4'(,?"ND",+-*">4*C('76-"5)6";*-5",>>4*>4',56";6,-=46"A*4"

(*;>,4'-*0"5*"GA4'(,’-"6/5640,+"76@5-1"-'0(6"5)6-6",((4=6"'05646-5"46E,47+6--"*A")*B"5)6"

@*44*B67";*06%"B,-"=-67?”""D)6%",+-*"0*56"#>^`O"5),5"5)6'4",((=;=+,567"(,>'5,+"A+'E)5"A'E=46"'-"

(+*-6"5*","9644'++"X%0()"6-5';,56"A*4"5)6"5*5,+"B6,+5)")6+7"@%"GA4'(,0"I'E)"&65"U*45)"N07'C'7=,+-"

#I&UN-O"*A",>>4*/';,56+%"[!"54'++'*0"'0"JKK`?"

(10)

!K! !"#$%&'()*+,-.%,/."’),0".1,)2#,2&'3,.3,(),–,45)2,6%'*,7847,

"

H6>*45'0E"@%"$4'5,'0’-"C%"/&*,>(M#;"06B->,>64"'0"&*C6;@64"JK!!]1")*B6C641"

>4*C'76-","A,-('0,5'0E"B'07*B"'05*"5)6"5*>'(?"D)6"06B->,>64"(*;@67"+,07"

46E'-54%"46(*47-"5*"*@5,'0"*B064-)'>"765,'+-"A*4"5)6"_g",>,45;605-"5),5"),7"@660"

>=4(),-67"'0"5)6"X*07*0"46-'7605',+"@='+7'0E"W061"I%76"R,481"B)'()"5)6"

06B->,>64"76-(4'@67",-"“)2#,M.;),#?L#";(A#,&L&:)M#"),J'.N0,#A#:,J%('),&"*12#:#, .",P&:)2G”"

"

D)6"_g",>,45;605-"B646"+'-567",-"),C'0E","C,+=6"*A","5*5,+"l!1J`]";'++'*0"#L.["

J?K"@0O"@=5"*A"5)6-61"*0+%"A*=4",>,45;605-1"B'5)","(*;@'067"C,+=6"*A"lg_?`"

;'++'*01"B646"+'-567"'0"5)6"0,;6"*A"B,4;S@+**767">6*>+6?"D)6"46-51"46>46-605'0E"

06,4+%"c_">64(605"*A"5)6"+'-567"C,+=6"*A"5)6">4*>645'6-1"B646"*B067",0*0%;*=-+%"

5)4*=E)"(*4>*4,5'*0-"*4"54=-5-1";*-5+%"'0"54,7'5'*0,+"-;,++S'-+,07"*AA-)*46"

F=4'-7'(5'*0-?"J_"B646"*B067"C',"5)6"$4'5'-)"Y'4E'0"N-+,07-1"-'/"B646"*B067"C',"

5)6"N-+6"*A"9,01"-'/";*46"A4*;"5)6"LM1"A*=4"A4*;"6,()"*A"d=640-6%",07"5)6"

3,%;,0"N-+,07-1"5B*"A4*;"X'6()560-56'01",07"*06"6,()"A4*;"".B'5b64+,071"

9*0,(*1"9,=4'5'=-1".5"Y'0(605"m"d460,7'06-1"$,),;,-1"D),'+,071"5)6"L0'567"

.5,56-1"X'@64',",07"$6+'b6?""

"

G"-=@-6<=605"-5*4%"A*4"5)6"S%&:/(&""06B->,>64c"#@%"B)'()"5';6"gJ",>,45;605-"

),7"@660"-*+7O"46>*4567"5),5"*0+%"0'06"),7"@660"46E'-56467"5*">,%"LM"3*=0('+"

D,/n"*0+%"A*=4"B646">,%'0E"5)6"A=++"(*=0('+"5,/1"B)'+6"A'C6",46">,%'0E"5)6"_K\"

7'-(*=0567"(*=0('+"5,/"*B67"*0","-6(*07")*;6?"D,/"*AA'(',+-"B646"-6,4()'0E"

46(*47-"5*"A'07"5)6",>,45;605-’"*B064-1"5)6"S%&:/(&""46>*45671"@=5"“)2#,M*:(&/, .33;2.:#,N.ML&"(#;,L:.)#N)("<,)2#,(/#")()(#;,.3,:#;(/#");,&:#E,&NN.:/("<,).,;.%:N#;,

&),)2#,N.%"N('E,'(0#'*,).,/#3#&),)2#MG”,NA"5)6%"B646"6-(,>'0E"(*=0('+"5,/1"5)60"'5"'-","

A,'4",--=;>5'*0"5),5"5)6%"B646"6AA6(5'C6+%"*=5-'76"5)6"LM"5,/"065"#B)'()";6,0-1"

,-".6(5'*0"Z"6/>+,'0-1"5),5"5)6%",46">4*@,@+%"0*5"(,>5=467"'0",0%"5,/"065"

,0%B)646"'0"5)6"B*4+7?O"

"

WB0'0E"5)6",>,45;605-"*AA-)*46"(,0")6+>"5)6"*B064-",C*'7"C,4'*=-"7'AA64605"

5,/6-P"0*5"F=-5"(*=0('+"5,/1"@=5"-5,;>"7=5%"*0"5)6"-,+6"*A"5)6",>,45;605!Kn"4605,+"

'0(*;6"5,/6-"'A"5)*-6",46"6,4067"*AA-)*46n"'0)64'5,0(6"5,/6-1",07";*46?"

"

D)'-",06(7*56"-=EE6-5-"(+6,4+%"5),5"A*4",5"+6,-5"-*;6"(+,--6-"*A",--65"'0"-*;6"

F=4'-7'(5'*0-1"5)6"4,5'*"*A")'E)SB*45)",--65-")6+7"C',"-6(465"*AA-)*46"-54=(5=46-"'-"

6/(6>5'*0,++%")'E)?""

"

"

M.GG.,'!@)%/-2!^<!-2)!'/($%/!GD%/)!

"

R4*A6--*4"D)*;,-"R'8655%1","+6,7'0E"6/>645"*0"6(*0*;'("'06<=,+'5%",07"*06"*A"

5)6",=5)*4-"*A"5)6"U*4+7"D*>"N0(*;6-"V,5,@,-61"-,%-P"

"""""""""""""""""""""""""""""""""""""""" """"""""""""""""

]"2*)0"G4+'7E61"I"*J./*,@.M#dE,C%"/&*,>(M#;E"&*C6;@64"JK1"JK!!"

c"V,0'6+"$*AA6%1"9"'*,"("#,L&*,N.%"N(',)&?,(",#"N'&A#,3.:,;%L#:H:(N2E,">2#,S%&:/(&"1"&*C"Jg1"JK!!"

!K".5,;>"7=5%"'-">,%,@+6"5*"5)6"LM"*0"5)6"-,+6"*A"5)6",>,45;605?"I*B6C641"'A"5)6",>,45;605"'-"

*B067"@%",0"*AA-)*46"(*;>,0%1"5)60"-5,;>"7=5%"(*=+7"@6",C*'767"'A"5)6"*AA-)*46"(*;>,0%"B,-"

'5-6+A"54,0-A64467"A4*;"*06"*B064"5*"5)6"*5)641"4,5)64"5),0"),C'0E"5)6"*=54'E)5"*B064-)'>"*A"5)6"

,>,45;605"'5-6+A"54,0-A64467?"

(11)

!!! !"#$%&'()*+,-.%,/."’),0".1,)2#,2&'3,.3,(),–,45)2,6%'*,7847,

"

“C.,3&:E,1#,2&A#,".),)&0#",)2(;,R.33;2.:#,M."#*=,(").,&NN.%"),(",)2#,D.:'/,

>.L,!"N.M#;,/&)&J&;#”G,D#,):(#/,&'1&*;,).,J#,A#:*,N'#&:,)2&),e.%:,:#;%');,

&:#f,N#:)&("'*,&,'.1#:,J.%"/E,".),."'*,3.:,)2#,'#A#',.3,("#$%&'()*E,J%), L:.J&J'*,3.:,)2#,):#"/,&;,1#''G”,,

"

R'8655%"),-"@660"B*48'0E"B'5)"d,@4'6+"k=(;,01",+-*"*A"5)6"R,4'-".()**+"*A"

:(*0*;'(-1"5*"54%"5*"(*;>60-,56"A*4"5)'-?""N0","9,4()"JK!J">,>64">2#,B(;;("<, D#&')2,.3,a&)(.";+,I:#,P%:.L#,&"/,)2#,UGCG,a#),b#J).:;,.:,a#),O:#/().:;E”,k=(;,0"

-5,56-"5),5P"

"

“.33(N(&',;)&)(;)(N;,;%J;)&")(&''*,%"/#:#;)(M&)#,)2#,"#),3.:#(<",&;;#),L.;()(.";, .3,:(N2,N.%"):(#;,J#N&%;#,)2#*,3&(',).,N&L)%:#,M.;),.3,)2#,&;;#);,2#'/,J*, 2.%;#2.'/;,(",.33;2.:#,)&?,2&A#";G”,

"

k=(;,0"A'07-"5),5"]\"*A"E+*@,+"B6,+5)"'-")6+7"'0"5,/"),C60-1",07"g\"'-"

=046(*4767",07"76-(4'@6-","“>=bb+6”P"

"

“I),)2#,<'.J&','#A#'E,'(&J('()(#;,)#"/,).,#?N##/,&;;#);+,)2#,1.:'/,&;,&,12.'#,(;,&,

"#),/#J).:E”,eL:#;%M&J'*,).,.)2#:,L'&"#);,(",)2#,;.'&:,;*;)#MfG,C(M('&:'*E,)2#,

<'.J&',J&'&"N#,.3,L&*M#");,;2.1;,)2&),M.:#,("A#;)M#"),("N.M#,(;,L&(/, )2&",:#N#(A#/,#&N2,*#&:G”,

"

D)'-"),-"46-=+567"'0";,F*4";'-=0764-5,07'0E-"*A"5)6"065",--65-">*-'5'*0-"*A1"A*4"

6/,;>+61"B6-5640"(*=054'6-"C'-"o"C'-"3)'0,1",07"k=(;,0"(*0(+=76-"5),5"(=44605"

6(*0*;'(",0,+%-6-",46"+,@*=4'0E"=0764"“&",(''%;(.",N&%;#/,J*,)&?,2&A#";G”"I6"

6/>+,'0-")*B"5)'-"(*;6-",@*=5P"

"

“@.%;#2.'/;,/.,".),.L#",J&"0,&NN.%");,(",C1()Y#:'&"/,&"/,C("<&L.:#,)., L'&N#,)2#(:,3%"/;,(",'.1H*(#'/,J&"0,/#L.;();G,>2:.%<2,)2#(:,J&"0,&NN.%");,(", )&?,2&A#";E,)2#*,("A#;),(",L.:)3.'(.,;#N%:()(#;G,F%),12#",&,\:#"N2,2.%;#2.'/, .1";,&,UC,#$%()*,)2:.%<2,&,C1(;;,J&"0E,\:&"N#,%"/#:#;)(M&)#;,();,3.:#(<",

&;;#);E,J#N&%;#,C1(;;,J&"0;,/.,".),#?N2&"<#,/&)&,1()2,\:#"N2,;)&)(;)(N(&";G, UC,;)&)(;)(N(&";,/%'*,:#N.:/,&,3.:#(<",'(&J('()*+,)2#*,&:#,&1&:#,)2&),&,3.:#(<", :#;(/#"),.1";,&,UC,#$%()*G,C1()Y#:'&"/E,12(N2,(;,;(ML'*,&,N."/%()E,:#N.:/;,

".)2("<G,>2%;E,M.:#,#$%()*,'(&J('()(#;,)2&",&;;#);,&:#,:#N.:/#/,1.:'/1(/#G”,

"

k=(;,0"-'0E+6-"*=5"5)6"5,/"),C60-"*A"X=/6;@*=4E1"N46+,07",07"5)6"3,%;,0"

N-+,07-",-"@6'0E">,45'(=+,4+%"';>*45,05"6+6;605-"'0"5)6">=bb+6!!",07"6-5';,56-"

5)6"‘7'-(46>,0(%’",5",>>4*/';,56+%"L.[^1_KK"@'++'*0"#[^?_"54'++'*0O"B*4+7B'76?""

"

D)'-"'-"-'E0'A'(,05+%"+*B64"5),0"I604%’-"A'E=46-1"+,4E6+%"A*4"5B*";,'0"46,-*0-1"

@*5)",(80*B+67E67"@%"k=(;,0?"T'4-51"k=(;,0’-"7,5,"46+'6-"*0"0=;@64-"5),5",46"

,C,'+,@+6").,;)&)(;)(N(&";,#@,+,0(6"*A">,%;605-"-5,5'-5'(',0-",07"-*"*0OE,B)646,-"

"""""""""""""""""""""""""""""""""""""""" """"""""""""""""

!!".66",+-*1"A*4"6/,;>+61"N9T"U*48'0E"R,>641"O:.;;HF.:/#:,!"A#;)M#"),(",CM&'',!")#:"&)(."&',

\("&"N(&',O#")#:;1"R)'+'>"H?"X,06",07"d',0"9,4',"9'+6-'ST644655'"B)'()"-,%-"'0"A**50*56"^"5),5"“D)6"

&65"G--65"Y,+=6"46>*4567"@%")67E6"A=07-"46E'-56467"'0"5)6"3,%;,0"N-+,07-"5*5,+67"*C64"[J?J"

54'++'*0",5"607SJKK`?"I*B6C641">*45A*+'*"6<='5%"(+,';-"*0"5)6"3,%;,0"N-+,07-"46>*4567"@%"5)6"

;,'0"'0C6-5*4"(*=054'6-">,45'('>,5'0E"'0"5)6"3RN."B646"*0+%"[`g]@0?”"

(12)

!J! !"#$%&'()*+,-.%,/."’),0".1,)2#,2&'3,.3,(),–,45)2,6%'*,7847,

I604%’-"7,5,"'-";*46"A*(=-67"*0"B),5"'-"76(+,467").,)&?,&%)2.:()(#;G,G"A*46'E0"

@,08",((*=05"*B067"@%","d64;,0"46-'7605",07"5,/>,%64"'-"+'86+%"5*"@6"46A+6(567"

'0"E+*@,+"@,+,0(6"*A">,%;605-"-5,5'-5'(-1"@=5"6C60"-*"5)646"'-"0*"E=,4,0566"5),5"

5),5"5)6"d64;,0"5,/",=5)*4'5'6-"B'++"),C6",0%"80*B+67E6"5),5"5)6",((*=05"6/'-5-?"

.6(*071"k=(;,0’-"6-5';,56"'0(+=76-"A'0,0(',+",--65-"*0+%1",07"6/(+=76-";,0%"

*5)64",--65"(+,--6-"#-=()",-"46,+"6-5,561"%,()5-1",45B*48-",07"-*"*0?O""

"

R'8655%"-,%-")6"B'++"B*48"*0"'0(*4>*4,5'0E"5)6"7,5,"*0"5)6"‘;'--'0E"B6,+5)’"'05*"

5)6"7,5,"-65-",07"5)'08-"'5"B'++";,86","-'E0'A'(,05"7'AA6460(6P"

"

“D#,2&A#,".),/."#,)2#,3%'',N.ML%)&)(."E,J%),M.;),'(0#'*,12#",1#,/.,(), )./&*’;,'#A#',1('','..0,J(<<#:,)2&",(",R)2#,(MM#/(&)#,L:#Hb#L:#;;(.",*#&:,.3=, 457g+,(";)#&/,.3,R)2#,S("(,N.#33(N(#"),3.:,)2#,U"()#/,C)&)#;=,J#("<,`8E,(),1('', L:.J&J'*,J#,;.M#12#:#,J#)1##",`8,&"/,]8+,!,/."’),0".1G47”,

"

I604%’-"6-5';,56-"A*4")'7760"*AA-)*46"B6,+5)",46"A,4"@'EE64"5),0"k=(;,0’-?"D)6"

';>+'(,5'*0-"A*4"5)6"'06<=,+'5%"=07646-5';,56"B*=+7"(+6,4+%"@6"74,;,5'(?"

"

"

ZC!M)%G+&)#),-!.GG+)G!

!

M)%G+&)#),-!F&($/)#G<!G+&H)7!*%-%!

"

DB*";,'0"7,5,"-*=4(6-",46"=-67"A*4";6,-=4'0E"'06<=,+'5%P"*AA'(',+"'06<=,+'5%",07"

5,/"7,5,1"*0"5)6"*06"),071",07"-=4C6%"7,5,1"*0"5)6"*5)64?"#F.?,V,@6+*B"@4'6A+%"

7'-(=--6-"5)6";,'0"B,%-"=-67"5*";6,-=46"6(*0*;'("'06<=,+'5%?O""".=4C6%"7,5,"'-"

6->6(',++%"';>*45,05"A*4";6,-=4'0E"'06<=,+'5%"'0"76C6+*>'0E"(*=054'6-1"B)646"

'0(*;6"7,5,"(,0"@6"6/546;6+%">,5()%?"I*B6C641"-=4C6%"7,5,"'-"6->6(',++%"

>4*@+6;,5'("B'5)"46->6(5"5*"(,>5=4'0E"'0(*;6",07",--65-"*A")'E)S'0(*;6"

)*=-6)*+7-?""

"

R'bb'E,5'"'0".6(5'*0"J",@*C6"76-(4'@6-"5)6")=E6"7'-(*006(5"@65B660"5,/"7,5,",07"

-=4C6%"7,5,"'0"5)6"L.n"G58'0-*01"R'8655%",07".,6b"@,(8")';"=>?"T*4"'0-5,0(61"5)6%"

0*56"5),5"5)6"L."3=44605"R*>=+,5'*0".=4C6%"#3R.O"6-5';,56-"5)6"5*>"!\"-),46"*A"

)*=-6)*+7"'0(*;6",5",@*=5"!Z\"B)'+6"5)6"5,/"7,5,"#'0(+=7'0E"(,>'5,+"E,'0-O!Z"

-)*B-",0"'0(*;6"-),46"*A"*C64"JZ\P",0*5)64"46;,48,@+6"7'-(*006(5?"

"

U)60"'5"(*;6-"5*"-=4C6%-1"C,4'*=-">4*@+6;-"-5,07"*=5?"W06"'-"0*0S46->*0-6"#5),5"

'-1"B)60"(645,'0">6*>+6"76(+'06"5*">,45'('>,56O",07",0*5)64"'-"7'AA64605',+"

46->*0-6P"B)60">6*>+6">4*C'76"A,+-6"'0A*4;,5'*0P"'?6?"5)6%"56++"+'6-?"$*5)",->6(5-"

5607"5*"7*B0>+,%"5)6"6AA6(5"*A"'06<=,+'5%P",-"G58'0-*01"R'8655%",07".,6b"0*561"

5)6-6"5B*">4*@+6;-"“L&:)(N%'&:'*,,&33#N),,)2#,,).L,,("N.M#,,:&"<#;G”""WAA-)*46"

=0764S76(+,4,5'*0"'-","(6054,+">,45"*A"5)'-">4*@+6;?""

"""""""""""""""""""""""""""""""""""""""" """"""""""""""""

!J"R'8655%",77-P"“D)6">4*@+6;"'-"5),5"5)6">6*>+6"7*'0E";'(4*"B*48",07"5)6">6*>+6"7*'0E";,(4*"

,46"7'AA64605">6*>+6"-*"5)6"-5=7%"*A"'06<=,+'5%"C64%"*A560"7*6-0’5"54%"5*"@6"(*0-'-5605"B'5)"5)6"

'05640,5'*0,+";,(4*">'(5=46"5),5"B6"),C61"*0"(,>'5,+"A+*B-1"5,/"),C60-"65(?"D)6-6",46"7'AA64605"

>+,065-1")'-5*4'(,++%P"B6",46"54%'0E"5*";64E6"5)6-6"5B*"'0"5)6"+'564,5=461"5*";,86"5)6";'(4*"

'06<=,+'5%"7,5,"(*0-'-5605"B'5)"5)6";,(4*"7'-(46>,0('6-"5),5"B6"),C6?”"

!Z"G58'0-*01"R'8655%1".,6b1"JK!!1">>JcSZJ"

(13)

!Z! !"#$%&'()*+,-.%,/."’),0".1,)2#,2&'3,.3,(),–,45)2,6%'*,7847,

"

9'+*4,7"M*C,(6C'(1"3)'6A".5,5'-5'(',0"A*4"5)6"L?&?"I=;,0"V6C6+*>;605"H6>*45"

WAA'(61",77-P"

"

“K#.L'#,)2&),&:#,(",N2&:<#,.3,M#&;%:("<,("#$%&'()*,J&;#/,.",;%:A#*,/&)&, 0".1,)2&),)2#,J.)2,#"/;,.3,)2#,/(;):(J%)(.",&:#,%"/#::#L:#;#")#/,.:, M(;:#L:#;#")#/G,;1'3'!(0!323'?@!2!1%A0'1%?B!C3%&!61'!6%:!+D!'23#'30!

6126!:236($(:26'0!(#!61'!0A3E'@<,9",)2#,.)2#:,;(/#,)2#,L..:,L#.L'#,#()2#:, /."h),2&A#,&//:#;;#;,).,J#,;#'#N)#/,(").,)2#,;&ML'#E,.:,12#",;#'#N)#/,)2#*, M(;$%.)#,)2#(:,#&:"("<;,H,%;%&''*,J(&;("<,)2#M,%L1&:/;G”""R9%:,#ML2&;(;,

&//#/G="

"

$4,08*"9'+,0*C'(1"X6,7":(*0*;'-5"'0"5)6"U*4+7"$,08"46-6,4()"E4*=>",07","

B*4+7"6/>645"*0"5)6"-=@F6(5"*A"'06<=,+'5%1"@,(8-"5)'-"=>P""

"

“B.;),.3,)2#;#,R.33;2.:#=,&;;#);,2#'/,J*,L#.L'#,&:#,L:.J&J'*,(",).L,("N.M#,

&"/,)2#;#,L#.L'#,&:#,".),.3)#",(",;%:A#*;G,>2#*,:#3%;#,).,L&:)(N(L&)#G, G,G,,,

D#,0".1,L#.L'#,(",;%:A#*,12.,&:#,%"/#:H:#L:#;#")#/G,>2#*’:#,(",)2#, J.)).M,.:,)2#,).LG,>2#,48H5`,L#:N#")R('#;=,&:#,:#&;."&J'*,("N'%/#/G,>2#,`W,

&),)2#,).L,&"/,)2#,J.)).M,&:#,%"/#::#L:#;#")#/,;.,N'#&:'*,)2#,<&L,J#)1##", )2#,).L,&"/,)2#,J.)).M,(;,3&:,2(<2#:G”,

"

G07","U*4+7"$,08">,>64"('56-"*@C'*=-"46,-*0-"B)%"5)6"4'()"7*0’5">,45'('>,56P"

"

“@(<2H("N.M#,2.%;#2.'/;,M(<2),J#,'#;;,'(0#'*,).,L&:)(N(L&)#,J#N&%;#,.3,&, 2(<2,.LL.:)%"()*,N.;),.3,)2#(:,)(M#,.:,N."N#:";,&J.%),("):%;(.",(",)2#(:,

&33&(:;G”4X,

"

G"A=45)64"'--=6"'-"5),5";,0%"'0(*;6"-=4C6%-",46"‘5*>"(*767’"–"5),5"'-1"'0(*;6-"

,@*C6","(645,'0"5)46-)*+7",46"+=;>67"5*E65)641"-*"5)6"5*>"(,56E*4%";,%"@6"‘,++"

*C64"[!";'++'*01”"A*4"6/,;>+6?"I6461"5)6"0=;@64-"5)6;-6+C6-",46"+'86+%"5*"@6"

,((=4,56"60*=E)1"@=5"-5'++"A,'+"5*"(,>5=46"5)6">*5605',++%")=E6"7'-54'@=5'*0"*A"

B6,+5)"B'5)'0"5),5"5*>"(*76?".*;6"-5=7'6-"7*"54%"5*"(*;>60-,56"A*4"5)'-1"@=5"6C60"

-*"0*06"),C6"),7",((6--"5*"5)6"=0>46(6760567"7,5,"46C6,+67"@%"2,;6-"I604%?"

"

W06";'E)5",4E=6"5),5"5)6"“;'--'0E"B6,+5)",07"'0(*;6”",5"5)6"@*55*;"607"*A"5)6"

'0(*;6"-(,+6";'E)5"6C60"*=5"5)6"E,>",5"5)6"5*>1"@=5"X,0-+6%1"'0"5)6"(*056/5"*A","

7'-(=--'*0",@*=5"5)6"L0'567"M'0E7*;1"6/>+,'0-"B)%"-=()",0",4E=;605")*+7-"+'55+6"

B,564P"

“I),)2#,J.)).ME,()h;,)("*,;)%33E,N.ML&:#/,).,L#.L'#,&),)2#,).L+,)2(;,(;,L'%MJ#:;,

%"/#:;)&)("<,)2#(:,("N.M#,J*,78,.:,V8,L#:N#")G,!),(;,:#&''*,;M&'',J##:+,)2#*, /."h),#A#",.%),&),&''G,>2#,;2&:#,.3,)2#,).)&',("N.M#,L..',.3,)2#,J.)).M,48, L#:N#"),1('',J#,4,L#:N#"),.:,'#;;E,12#:#&;,)2#,).L,4,L#:N#"),2&;,4`,L#:N#")G,

>2#:#,(;,".,N.ML&:(;.",.3,)2#,;N&'#+,*.%,N&",3.:<#),&J.%),()Gi,

"

"""""""""""""""""""""""""""""""""""""""" """"""""""""""""

!^"G05*0"M*4'0681"2*),0"G?"9'-5',601"9,45'0"H,C,++'*01"C%:A#*,".":#;L.";#,&"/,)2#,/(;):(J%)(.",.3, ("N.M#1"V6C6+*>;605"H6-6,4()"d4*=>1"U*4+7"$,081"2*=40,+"*A":(*0*;'("N06<=,+'5%"#JKKgO"^P"ZZ–

__?"D)6",45'(+6"B,-"-605"5*"=-"@%"H,C,++'*0",-">,45"*A")'-"46->*0-6"5*"*=4"<=6-5'*0-?"

(14)

!^! !"#$%&'()*+,-.%,/."’),0".1,)2#,2&'3,.3,(),–,45)2,6%'*,7847,

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

!

3(E!Z<!*.BB)&),-!#)%G+&)G!(B!)D(,(#.D!.,);+%/.-7!

!:(*0*;'("'06<=,+'5%"'-";6,-=467"'0"7'AA64605"B,%-?"D)6"(*;;*06-5";6,-=46"'-">4*@,@+%"

5)6"d'0'"(*6AA'('6051"B)'()"4,0E6-"A4*;"K"#6C64%*06"'-"6<=,+O"5*"!"#*06">64-*0"),-",++"5)6"

'0(*;6"*4"B6,+5)1"6C64%*06"6+-6"),-"0*5)'0E?O"d'0'"(*6AA'('605-"'0"5)6"46,+"B*4+7"4,0E6"

@65B660",@*=5"K?J_"'0")'E)+%"6E,+'5,4',0".(,07'0,C',0"(*=054'6-"5*"*C64"K?g"'0"-*;6">,45-"

*A"GA4'(,P",07"-*;65';6-"5)6"0=;@64"'-"6/>46--67"'0","4,0E6"@65B660"K",07"!KK"'0-56,7"*A"

,"4,0E6"A4*;"K"5*"!?""

"

D)6"d'0'"(*6AA'('605"'-"-';>+6",07"(+6,4"@=5"'0,76<=,56"'0"-*;6"46->6(5-?"T*4"'0-5,0(61"'5"

7*6-"0*5"(,>5=46"-=@5+65'6-"-=()",-"B)60"'06<=,+'5%"'-"7'->4*>*45'*0,56+%"-86B67"'0"*06"

>,45'(=+,4">,45"*A"5)6"7'-54'@=5'*01"-=()",-"",5"5)6"C64%"5*>"*A"5)6"'0(*;6"-(,+6?"9,0%"

-5=7'6-"5)646A*46">46A64"5*"5,+8"'0"564;-"*A"5)6"'0(*;6"(,>5=467"@%"5)6"5*>"#*4"@*55*;O"/"

>64(605"*A"5)6">*>=+,5'*01"*4"5*"76-(4'@6"'0(*;6"-),46-",((*47'0E"5*"<='05'+6-"#A'A5)-O"*4"

76('+6-"#5605)-O"*A"5)6">*>=+,5'*01"*4"'0"5)6"4,5'*-"@65B660"5)6-6"-),46-"#-=()",-"5)6"4,5'*"

@65B660"5)6"5*>"76('+6’-"-),46",07"5)6"@*55*;"76('+6’-"-),46?O?"W5)641";*46"56()0'(,+"

;6,-=46-"*A"'06<=,+'5%",46",+-*"=-67"A*4"7'AA64605">=4>*-6-?"

"

:(*0*;'("'06<=,+'5%",+-*"),-"-6C64,+"7';60-'*0-?".*;6"-5=7'6-"A*(=-"*0"'07'C'7=,+-1"

B)646,-"*5)64-"A*(=-"*0"A,;'+'6-"*4")*=-6)*+7-?"D)466";,'0"6(*0*;'("7';60-'*0-",46"

;6,-=467?"

"

:,D(#)C"D)646",46"C,4'*=-"B,%-"5*"76A'06"'0(*;61"@=5"*06"(*;;*0";6,-=46"=-67"'0"

'06<=,+'5%"-5=7'6-"46+'6-"*0"5,/"7,5,1"B)'()"(,>5=46-"5)6",00=,+"'0(*;6"5),5"'-"-=@F6(5"5*"

5,/?"N5"'-",+-*"';>*45,05"5*"7'-5'0E='-)"@65B660"1&<#"'06<=,+'5%1"B)'()"'-"B),5"B*4864-",46"

>,'71",07"("N.M#,'06<=,+'5%1"B)'()"'0(+=76-"A'0,0(',+",07"*5)64"(,>'5,+"E,'0-1"B)'()",((4=6"

;*-5"-=@-5,05',++%"5*"5)6"4'()6-5"-54,5,"*A"-*('65'6-?"

"

T(,G+#F-.(,!%,*!GF),*.,'?"D)6-6";6,-=46-",46"A,'4+%"-';'+,4P"3*0-=;>5'*0"6<=,+-"

->607'0E">+=-"5)6"C,+=6"*A"A**7",07"*5)64"(*0-=;>5'*0"'56;-">4*7=(67",07"(*0-=;67"@%"

,")*=-6)*+7"*4"'07'C'7=,+?"9*-5"-5=7'6-"*A"76C6+*>'0E"(*=054'6-"=-6"(*0-=;>5'*0"4,5)64"

5),0"'0(*;6"7,5,?"

"

Q)%/-2!%,*!%GG)-GC"D)'-"A*(=-6-"*0"*B064-)'>"*A",--65-?"N5"'-"),4764"5*";6,-=46"5),0"

'0(*;6"'06<=,+'5%1"@6(,=-6",++"-5,56-"),C6"'0(*;6"5,/6-",07"5)646A*46"5)646"'-","+,4E6"

,;*=05"*A"'0(*;6"7,5,",C,'+,@+61"B)646,-"46+,5'C6+%"A6B"-5,56-"+6C%"B6,+5)"5,/6-1"-*"*5)64"

;65)*7-"E6064,++%"),C6"5*"@6"=-671"-=()",-"-=4C6%"7,5,1"B)'()"'-"*A560",0"'0A64'*4"

;6,-=46?"D)6">4*@+6;-"*A";6,-=4'0E"B6,+5)",5"5)6"5*>"*A"5)6"'0(*;6"-(,+6",46">4*@,@+%"

6C60"E46,564"5),0"A*4"'0(*;6?"

"

:,()";6,-=46"),-"'5-"+';'5,5'*0-1">,45'(=+,4+%"A*4"5)6"46,-*0-"5),5",46"5)6"-=@F6(5"*A"5)'-"

46>*45?"V,5,"*0"'06<=,+'5%"'-"(*++6(567">4';,4'+%"A4*;"-=4C6%-",07"A4*;"*AA'(',+"'0(*;6"5,/"

7,5,?"W((,-'*0,++%"*5)64"-*=4(6-1"-=()",-">4*@,56"7,5,",46"=-67?"

"

D)6"54,7'5'*0,+"7,5,"'-"(*056-5671",07"6,()"-5=7%",07"6C64%"(*=054%";6,-=46-"5)6"7,5,"'0","

-+'E)5+%"7'AA64605"B,%?""

"

W=4"A*(=-"'-"0*5"-*";=()"*0"5)6-6"7'->=56-",-"*0"5)6"B,%"5),5"C,4'*=-"-5=7'6-"

=07646-5';,56"5)6"-(,+6"*A"'06<=,+'5%1",-","46-=+5"*A"-6(465"*AA-)*46")*+7'0E-",07"*5)64"

46+,567">)60*;60,?"U6"7'-(=--"-*;6"*A"5)6">4*@+6;-"B'5)";6,-=4'0E"'06<=,+'5%"@6+*B?"

"

Riferimenti

Documenti correlati

[r]

Compagni di viaggio saranno i marziani, grazie alla recitazione di brani tratti dagli scritti di Schiapparelli e da narrativa

[r]

“Riordino del sistema delle autonomie locali della Sardegna&#34; e della deliberazione di Giunta Regionale n. 23/5 del 20.04.2016, il procedimento relativo al

Tanto premesso in punto di fatto, deve preliminarmente essere disattesa l’eccezione di tardività del ricorso per mancata impugnazione nel termine di legge della

[r]

L’Assicurazione ha per base un libro matricola nel quale sono iscritti i veicoli da coprire inizialmente e successivamente, purché intestati al P.R.A. allo stesso Contraente. Non

[r]