CASO DISTRIBUYAMOS
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`4aKb_c: V;1 K5<5 N2,1V,N7A 51 A7 V7N,97A ] 345 V51927 9;<;K K4K 5K8452O;K 51 5A <5K722;AA; <5 V;ZN5951V,7K 51 N2;85K,;17A5K ?M6515K: V;1 N;V; 25V;22,<; Y7K7<;K 51 A7 5K924V9427 <5 NA715K <5 V722527 7A ,1952,;2 <5 A7 ;2=71,O7V,M1: 5K94<,7 A7 W;?7 <5 6,<7 <5 /7YA; ] 7K4Z5 A7 25KN;1K7Y,A,<7< <5 ;825V52A5 417 ;N;2941,<7< 51 A7 7
1
! #$%&'()*&)$ +,-*)$%$./&-*$ 0
Z59;<;A;=@7 1; 527 A7 7<5V47<7 N;2345 K5 ,ZN729@71 A;K 95Z7K 51 Z5<,; <5 A7 5?5V4V,M1 <5 7V9,6,<7<5K <,72,7K: A; 345 <5Z71<7Y7 ZBK <5K=7K95 ] 9,5ZN;: 1; W7Y@7 <5<,V7V,M1 V,519; N;2 V,519; 7 A7 7V9,6,<7< ] A;K 5KN7V,;K N727 25KN;1<52 <4<7K 5271 A,Z,97<;K: K5 7K4Z@7 97ZY,L1 345 <427195 A7 Z72VW7: 5A N52K;17A 345 K5 ,1<4V@7 7N251<52@7 K;Y25 K4 97257: 345 K;A; 51 5A <@7 7 <@7 V;Z51O72@7 7 <5KV4Y2,2 652<7<527Z5195 5A 7AV71V5 <5 K4K 25KN;1K7Y,A,<7<5K ] A7 8;2Z7 <5 25K;A652 N2;YA5Z7K ] 9;Z72 <5V,K,;15K: 7<5ZBK A;K N729,V,N7195K <5A N2;V5K; 1; 5271 K48,V,5195Z5195 Y451;K N727 9271KZ,9,2 5A V;1;V,Z,519; 7 N5K72 <5 K52 5\,9;K;K 51 5A V4ZNA,Z,519; <5 K4K ,1<,V7<;25KC !41 7K@ /7YA; 7K4Z,M 345 5K7 527 A7 Z5?;2 8;2Z7 <5 W7V52 A7K V;K7K 51 LK97 ;2=71,O7V,M1: 7<5ZBK: 1; ,Y7 7 <72 K4K N2,Z52;K N7K;K W7V,51<; 417 V2@9,V7 K;Y25 A7 V;ZN7[@7: K,ZNA5Z5195 V;1K,<52M 345 527 N7295 <5 K4 V4A9427: 7K@ 345 V;19,1^; 51 5A N2;V5K;C hD4L N7K7 51 '71 .52172<; <5A P,519;i >,51927K 9719;: A7 K,947V,M1 51 '71 .52172<; <5A P,519; <5Z71<7Y7 <5 Z71527 42=5195 A7 N25K51V,7 <5A 7
! 1&2',&/3)&4* 15 #%-*'-2 0
2
V;197YA5Z5195: A; V47A 7K5=4272@7 41 ,1V25Z519; 51 A7 N2;<4V9,6,<7< <5Y,<; 7 345 A7 <,KN;1,Y,A,<7< <5A ,1651972,; 5K9B K4?597 7 A7 N25V,K,M1 345 5\,K95 51 A7 25A7V,M1 <5 ,1651972,; 8@K,V; 6KC *,Y2;KC &K97 V,2V41K971V,7 5ZN5OM 7 W7V52K5 1;9;2,7 51 A;K ,18;2Z5K 345 5\,=@7 74<,9;2,7 ] A7 <,25VV,M1 17V,;17A <5 A;=@K9,V7 51 V4719; 7A K5=4,Z,519; ] 7AV71V5 <5 Z597K 5 ,1<,V7<;25K: 345 7 K4 65O V;1K9,94@71 5A K;N;295 N727 A7 A,34,<7V,M1 <5 Y;1;K <5 1MZ,17 25N25K5197<;K 51 <,152; ;9;2=7<;K 7A V;1K5=4,2 A;K ;Y?59,6;K ] V4ZNA,2 A;K N25K4N45K9;KC *7K B257K <5 74<,9;2@7 ] V;1927A;2@7 <5V,<,52;1 519;1V5K W7V52 417 256,K,M1 Z,14V,;K7 <5 A7 K,947V,M1 ] 516,72;1 <;K 25N25K5197195K <5K<5 A7 K5<5 N2,1V,N7A 7 '71 .52172<; <5A P,519;C h&A ;Y?59,6;i &P!*"!% ] *&P!G#!% &P-)&G+-!' fP&% !G&J$ G;dgC n,17AZ5195 5K A7 841V,M1 N727 A7 V47A 5K9B1 V257<;K 5K9;K 5195K <5 V;192;A ,19521;: N52; hV;Z51O72@7 7AA@ 257AZ5195 7 Z5?;272i "17 K5Z717 <5KN4LK <5 A7 6,K,97 <5 A;K 74<,9;25K ,19521;K 7 '71 .52172<; <5A P,519;: 5A <,25V9;2 <5 A;=@K9,V7 <5 A7 7=51V,7 25V,Y,M A7 K,=4,5195 AA7Z7<70
o76,52 P72,AA70 p;A7 +72A;K: 95 W7YA7 o76,52: 5A 74<,9;2 ,19521; <5 A7 V;ZN7[@7: 95 AA7Z; N727 V;Z41,V7295 A;K 25K4A97<;K <5 A7 74<,9;2,7 345 W,V,Z;K 51 <@7K N7K7<;K ] V;1V,A,72 7A=41;K V;ZN2;Z,K;KC +72A;K0 +A72; 345 K@ K2C P72,AA7: N;2 876;2 514ZL25Z5 V7<7 N419; ] 652,8,V7Z;K Y2565Z5195 7 34L N;<5Z;K V;ZN2;Z59521;KC o76,52 P72,AA7 514Z527 41; 7 41; A;K N419;K <5 A7 74<,9;2,7 ] +72A;K K5 V;ZN2;Z595 7 <72 K;A4V,M1 7 Y4517 N7295 <5 5AA;Ke ,=47AZ5195 K5 V;ZN2;Z595 7 V;1K5=4,2 A;K 25V42K;K W4Z71;K: 9LV1,V;K: ;N5279,6;K: 8@K,V;K ] 8,171V,52;K 345 7K5=4271 5A A;=2; <5 5K;K ;Y?59,6;KC ),VW; ,18;2Z5 K5 516,M 7 A7 =5251V,7 =51527A <5 A;=@K9,V7 7 A7 925K K5Z717K <5 V;1V,A,7<;: <5Y,<; 7 345 A7 ?585 <5 74<,9;2@7 K5 51V;1927Y7 84527 <5 A7 V,4<7< ] 5K 34,51 <5Y5 <72 5A 6,K9; Y451; N727 A7 N4YA,V7V,M1 <5 ,18;2Z5KC /7YA; AA5=7 7 A7 257A,<7
3
! #$%&'()*&)$ +,-*)$%$./&-*$ 0
K,<; 7<5V47<; ; N727 95152 5A N2;9;V;A; <5 N25K51972A; 7195 A;K N2;655<;25K V;1 34,515K ,Y7 7 95152 N52Z715195 V;197V9; <5K<5 5K5 Z;Z519;e K5 A5 7K,=172;1 925K 97257K 5KN5V@8,V7K ] 42=5195K0 _g 257A,O72 5A 25N;295 <5 7652@7K <5 Z52V71V@7 N727 V7<7 41; <5 A;K N2;655<;25K 7 A7 85VW7: 5A V47A 1; W7Y@7 N;<,<; K52 5A7Y;27<; <5Y,<; 7 345 5A 534,N; N2,Z72,; K5 W7Y@7 <5<,V7<; 7 7K419;K 42=5195K 5 ,ZN;297195K 7NA7O71<; A7 =5K9,M1 K;Y25 V,5297K 97257K N52,M<,V7K ] 25N25K51979,67K 345 V;1 5A N7K; <5A 9,5ZN; N;<2@71 9;2172K5 V2@9,V7K: Qg 257A,O72 A;K 71BA,K,K 15V5K72,;K ] 7?4K972 5A ,1651972,; 7 345 W4Y,525 A4=72: <5 7V452<; 7 A7K 9;Z7K 8@K,V7K 345 K5 5?5V4972;1: jg 256,K72 V;1 5A 534,N; <5 ,1651972,;K V;18;2Z7<; N;2 V4792; 74\,A,725K <5 Y;<5=7: 5A V2;1;=27Z7 <5 ,1651972,;K V@VA,V;K: <,72,;K ] N;2 V795=;2@7K <5 N2;<4V9; M 87Z,A,7K ] <58,1,2 A7 8;2Z7 51 345 <5Y@71 N;152K5 7A <@7 V;1 5A ,1<,V7<;2 <5 A; 5?5V497<; 6KC A; NA7157<;: 97257 345 71952,;2Z5195 527 7K4Z,<7 N;2 5A ?585 <5 7AZ7V517Z,519; V;1 K4 534,N;C *7 2541,M1 845 <51K7: 1; 972
! 1&2',&/3)&4* 15 #%-*'-2 0
4
A7 7=51V,7 ] N;2 51<5 A;K 25K4A97<;K <5 A7 Z,KZ7 fZ72=51 <5 V;192,Y4V,M1bScg V;Z; K;1 A7K ,1652K,;15K 51 ,18275K924V9427 A;=@K9,V7: A7K V47A5K 9;Z7 5A =525195 25=,;17Ae N52; V471<; A7K <5V,K,;15K K;1 ;N5279,67K: K5 9;Z71 <5K<5 A7 ;8,V,17 <5A <,25V9;2 <5 A;=@K9,V7 17V,;17A: hN45<51 ,Z7=,172 A7 Z7=1,94< <5 95152 345 9;Z72 417 <5V,K,M1 ;N5279,67 345 ,ZNA,345 A7 7K,=17V,M1 <5 25V42K;K <5A N25K4N45K9;i &K 734@ <;1<5 A7K W7Y,A,<7<5K K;V,7A5K ] 5A 92797Z,519; N;A@9,V; 345 K5 <5Y5 <72 7 LK95 9,N; <5 K,947V,;15K K;1 ,ZN;297195K V;Z; V;ZN5951V,7K =5251V,7A5K: 51 5KN5V,7A N727 5A <,25V9;2 <5 A;=@K9,V7 <5 A7 7=51V,7: 34,51 5K 5A 345 8,17AZ5195 5K9B 51 Z5<,; <5 A7 51V24V,?7<7C *7 7,51927K 9719;: /7YA;: V;1 A7K 97257K <58,1,<7K N52; 7^1 Z4] <,84K7K 51 K4 V7Y5O7: V;Z,51O7 7 927Y7?72: 51 LK95 Z;Z519; K5 K,5195 K;A; N52; 9,515 V;18,71O7 51 K4 5\N52,51V,7 ] V;1;V,Z,519;: <5V,<5 7?4K972 A;K ,1651972,;K 585V947<;K 7195K <5 K4 ,1=25K; ] 257A,O7 7A=41;K 71BA,K,K K;Y25 A7K 2585251V,7K V;1 <,85251V,7K ZBK K,=1,8,V79,67K N52; 17<7 N2;841<;: 1; AA5=7 7 1,1=417 V;1VA4K,M1: 5K 7A=; 9;<76@7 5125<7<; ] <,8@V,A N;2 A7 V719,<7< <5 ,18;2Z7V,M1 345 9,515 N2;651,5195 <5A &%/: <5Y5 V;1K4A972 <5Z7K,7<;K N715A5K ] 25V422,2 7A 72VW,6; 8@K,V; N727 927972 <5 51V;19272 7A=^1 ,1<,V,; <5 A;K 87A97195K M <5 A;K K;Y27195K A; V47A 25N25K5197 <5Z7K,7<; 9,5ZN; N;2 A7 <51K,<7< <5 A;K <79;KC /7YA; K5 K,5195 V;1841<,<;: 1; K7Y5 N;2 <;1<5 7Y;2<72 5A V2;1;=27Z7 <5 ,1651972,;K: 141V7 W7Y@7 7L\,V; 345 V;ZY,17 ZM<4A;K <5 7V52; ] NA7V7K <5 V;1V259; N2587Y2,V7<7K 345 K5 N45<51 Z;652 <5 7V452<; V;1 A7K 15V5K,<7<5Ke A7 V4Y,5297 N;K55 95?7K 7,KA7195K <5 24,<; ] V7A;2 345 25825KV71 5A 7ZY,5195 ] K5 ,1K97AM 41 K,K95Z7 V;1927 ,1V51<,; K4N52,;2 7 A7K 15V5K,<7<5K <5 A7 Y;<5=7e N727 K4 ,174=427V,M1 K5 W7 NA7157<; 41 56519; 141V7 7195K ;2=71,O7<; 51 A7 7=51V,7: K5 N25951<5 2541,2 7 ZBK <5 <;K Z,A 34,1,519;K V;ZN27<;25K 51 5A 5KN7V,; <5A +5192; <5 ),K92,Y4V,M1 <427195 925K <@7K 51 A;K V47A5K K5 ;825V52B1 N2;Z;V,;15K ] <5KV4519;K 7927V9,6;KC #;<7 A7 7951V,M1 <5 A7 7=51V,7 5K9B N45K97 7W;27 51 5A 56519;C &A K,K95Z7 <5 7A72Z7K W7 K,<; <5KV;15V97<; N727 87V,A,972 A7 97257 <5 7ZNA,7V,M1 <5 A7 25< 5ALV92,V7 ] K5 W7 258;2O7<; A7 6,=,A71V,7 V;1 925K W;ZY25K ZBK <427195 A7K Ql W;27K <5A <@7: A7 V;ZN7[@7 N2;655<;27 <5A K526,V,; <5 ++#P fV,2V4,9; V5227<; <5 95A56,K,M1g W7 <5V,<,<; 97ZY,L1:
5
! #$%&'()*&)$ +,-*)$%$./&-*$ 0
7N2;65VW71<; A;K 7?4K95K 51 5A K,K95Z7: 519272 51 Z71951,Z,519; <427195 417 K5Z717C #;<7 A7 Z71; <5 ;Y27 <,KN;1,YA5 K5 W7 N45K9; 7A K526,V,; <5A 56519; ]: N;2 V;1K,=4,5195: 5A 534,N; <5 ,1651972,;K V;1V51927 9;<7 K4 7951V,M1 51 5A 7V;N,; <5 A7 Z52V71V@7 15V5K72,7 N727 A7K 5\W,Y,V,;15K 51 V;1?419; V;1 5A 534,N; <5 7AZ7V517Z,519; 345 K5 K4Z7 7A 5K8452O; ] A;K <;K 51V72=7<;K 7V452<71 W7V52 K,152=,7 N727 =72719,O72 5A L\,9;C +72A;K: V;1V51927<; 51 A; 5K9279L=,V;: <58,15 5A A7];49 <5 7V452<; V;1 A7 14567 <,KN;1,Y,A,<7< 51 Z592;K V47<27<;K fjdRR Z9Qg ] 51 N;K,V,;15K <5 5K971952@7 fudRg: Y7K7<; 51 345 A;K 27V`K K;1 K5A5V9,6;K ] 5A 7AZ7V517Z,519; 5K K5Z,V7M9,V;: 7K@: 5K924V9427 41 V2;1;=27Z7 <5 7V9,6,<7<5K 7 K5=4,2: 5A V47A <5Y5 V;Z51O72 7 V4ZNA,2K5 <5K<5 417 K5Z717 7195K <5 K4 6,7?5 7 &K97<;K "1,<;K <;1<5 V;1;V52B A7 ;N527V,M1 <5 417 V;ZN7[@7 W;ZMA;=7 <5 <,K92,Y4V,M1 345 W7 ,16529,<; 51 95V1;A;=@7 5\,K95195 ] W7 <5K722;AA7<; 97ZY,L1 7A=41;K 7NA,V79,6;K W7V,7 K4 ,1952,;2C &A ZL2,9; <5 W7V52 97A 6,7?5 K5 <5Y5 7A ,ZN4AK; 345 A7 V;ZN7[@7 <5K57 W7V52 7 7A=417K ,<57K <5 +72A;K: A7K V47A5K N725V51 K52 Y,51 N;1<527<7K N;2 A;K <,25V9,6;KC *7 ,174=427V,M1 345 <5K51V7<517 56,<51V,7KC )427195 5A <5K722;AA; <5A 56519; <5 ,174=427V,M1: 5A ?585 <5 7AZ7V517Z,519; K5 N52V797 <5 41 87A97195 <5 ,1651972,;K 51 417 41,<7< <5 41 729@V4A; <5 7A9; V;K9;: N52; 7A V47A: <5Y,<; 7 K4 6;A4Z51: 1; K5 A5 N25K9M A7 K48,V,5195 7951V,M1: V;1K,<5271<; 345 N;<@7 ;Y5<5V52 51 7A=; 7A <5K;2<51 ;N5279,6; 345 K5 5K97Y7 <71<; <5 7V452<; 7 A;K ^A9,Z;K 56519;K: 51 N2,Z527 ,1K971V,7 W7V5 V7K; ;Z,K; 7A 95Z7 ] V;1K,<527 A7 N;K,Y,A,<7< <5 257A,O72 417 Y^K345<7 5\W74K9,67 <5A 729@V4A; 51 A;K N2M\,Z;K <@7K 7K@ 345 A5 K;A,V,97 7]4<7 7A 7
! 1&2',&/3)&4* 15 #%-*'-2 0
6
A45=; <5 A7K N52K;17K 345 N;2 K4 5\N52,51V,7 ] V;1;V,Z,519; K;1 V;192797<7K N727 5A V4ZNA,Z,519; <5 A;K ;Y?59,6;KC &A ?585 <5 7AZ7V517Z,519; ] 5A 7'b__c ] %n-)b_Qc: V;1 <,K5[;K <5 O;17K <5 N,V`,1=b_jc 5A567<7K: ;N9,Z,O7V,M1 <5 A;K 9,5ZN;K <5 ;N527V,M1 V;1 A7 ,ZNA5Z5197V,M1 <5 Y71<7K 9271KN;297<;27K ] A; ^A9,Z; 51 534,N;K ZM6,A5K N727 927Y7?; 51 7A9427K V;Z; Z;197V72=7K 92,A79527A5K ] N727 927KA7<; <5 Z52V71V@7K V;Z; 5K9,Y7<;25K 5ALV92,V;K: 7<5A719;K 345 W,V,52;1 345 +72A;K 946,527 7^1 ZBK V2,952,;K <5 <5V,K,M1 N727 5A <5K722;AA; <5 K;A4V,;15K 7 N2;YA5Z7K 5K924V9427A5K 1; K;A; <5 A7 7=51V,7 K,1; 97ZY,L1 7 1,65A <5 9;<7 A7 V;ZN7[@7C P5,195 <@7K <5KN4LK <5 ,1,V,7<; LK95 25V;22,<; N;2 A7K ZBK ,ZN;297195K V;ZN7[@7K <5 A;=@K9,V7 <5 +72;A,17 <5A '42: +72A;K <5V,<5 N;152K5 51 V;197V9; V;1 5A +&)- 7 9276LK <5 417 6,<5; AA7Z7<7 7 /7YA;: N25;V4N7<; N;2 K4 N2;V5K; <5 7<7N97V,M1 ] A;K 25K4A97<;KC *; N2,Z52; 345 K;2N251<5 7 +72A;K 5K A7 1;9,V,7 345 25V,Y50 Uo585: 5K9;] Z4] N25;V4N7<; N;2345 W7V5 <;K <@7K: V471<; N2;V5<@7Z;K 7 <5KN7VW72 41 927KA7<; <5 Z52V71V@7K <5 Y7?7 2;97V,M1 N727 A7 K5<5 N2,1V,N7A: <595V97Z;K 41 87A97195 Y7K97195 K,=1,8,V79,6; 51 41 ,1651972,; <5 729@V4A;K 67A;2,O7<;K 345 K5 51V;1927Y71 51 5A V4729; N727 Z52V71V@7K 345 2534,5251 6,=,A71V,7 5KN5V,7AXC +72A;K K5 K,5195 ,ZN;95195 825195 7 LK95 W5VW; 5 ,1V7N7O <5 9;Z72 V47A34,52 <5V,K,M1 51 A7 <,K971V,7 ] 5\,=5 7 /7YA; 345 ,1Z5<,797Z5195 K5 V;Z41,345 <5A W5VW; 7A E525195 %5=,;17A ] 7A ),25V9;2 G7V,;17A <5 *;=@K9,V7 34,515K 9,5151 5A
7
! #$%&'()*&)$ +,-*)$%$./&-*$ 0
<;Z,1,; K;Y25 A7K <5V,K,;15K ] <5Y51 7K4Z,2 A7 749;2,<7< <5192; <5 A7 7=51V,7 ] 5A B257 927K A7 74K51V,7 <5 +72A;KC /7YA;: 34,51 ]7 V;1;V5 5A <,8@V,A 95ZN527Z519; <5 >7145A: 5A E525195 %5=,;17A: V727V952,O7<; N;2 K52 Y7K97195 <42; ] 8271V; 7A <,2,=,2K5 7 K4 534,N;: 95Z52;K;: K5 7V52V7 7 K4 ;8,V,17 7A <@7 K,=4,5195 <5 A7 6,<5; AA7Z7<7 <5 +72A;K + 72A;K ] A5 25A797 A;K 1456;K 7V;195V,Z,519;KC >7145A 5K 41 =525195 5\,9;K;: 518;V7<; 51 A;K 25K4A97<;K ] V;1 _d 7[;K 927Y7?71<; N727 A7 V;ZN7[@7: 5K <5 A7 519527 V;18,71O7 <5 A7 ?4197 <,25V9,67 ] W7 <5Z;K927<; 95152 W7Y,A,<7< ] 6,K,M1 N727 A;K 15=;V,;K N52; N727 Z4VW;K: 5K 41 N2;85K,;17A <5 7345AA;K 345 N25<,V7 5A 2582B10 U5A 8,1 ?4K9,8,V7 A;K Z5<,;KX: 345 V;1 5K7 51K5[71O7 N25951<5 7N7Y4AA72 7 K4 534,N; <5 927Y7?; V471<; K4K N2;N,7K <5V,K,;15K K4N5271 A;K A@Z,95K ,ZN45K9;K: 5K ,ZN4AK,6; ] 722,5K=7<;: V,5297Z5195 =51527 ZBK 95Z;2 345 25KN59; ] ZBK V;52V,M1 345 V;ZN2;Z,K;e N727 7A=41;K <5 K4K V;A5=7K =525195K 5K 41 W;ZY25 K,1 5KV2^N4A;K V7N7O <5 722,5K=72A; 9;<; V;1 5A 8,1 <5 <5Z;K9272 K4 8452O7 ] N;<52: W7Y,A,<;K; 51 5A Z715?; <5A K,K95Z7 <5 ,18;2Z7V,M1 <5 A7 V;ZN7[@7: V;1;V5<;2 N2;841<; <5 A;K N2;V5<,Z,519;K ] AM=,V7Z5195 97ZY,L1x <5 VMZ; ;Y6,72A;KC >7145A 5K9B <5KV;1V5297<;: A7K NL2<,<7K K4N5271 5A Z72=51 <5 25197Y,A,<7< <5A 25V,5195 56519; ] N25K,5195 345 <592BK <5 9;<; N45<5 W7Y52 7A=; 7^1 ZBK =271<5C /7YA; ] ),5=; f77145A 51 Z5<,; <5 K4 ;84KV7V,M1: K5 ;N;15 ] <5V,<5 257A,O72 N;2 K4K N2;N,;K Z5<,;K: 7A=417K 9;Z7K 8@K,V7K V;1 74\,A,725K <5 Y;<5=7 <5 K4 V;18,71O7: A7K V47A5K K5 5?5V4972;1 84527 <5A N2;V5<,Z,519; <58,1,<; N;2 5A B257 <5 A;=@K9,V7 N727 97A 8,1C /7YA; ] ),5=; W7V51 A; K4];: <5V,<51 5?5V4972 7A=41;K ,1651972,;K: 49,A,O71 A7K W5227Z,5197K 95V1;AM=,V7K <5 9;Z7 8@K,V7 ] <5KV72=71 A;K <79;K 51 5A V;ZN497<;2 N52; 1; W7] VA72,<7< 51 V4719; 7A N2;V5<,Z,519;: K4 V;18,7Y,A,<7< 5K 14A7 ] 5A 534,N; 1; ,<519,8,V7 VA727Z5195 A7 Z52V71V@7 f7652@7K: ;YK;A59;K: <56;A4V,;15K: 59VCg: 7<5ZBK: <5Y,<; 97A 65O 7 K4 87A97 <5 5\N52,51V,7 ] 7^1 ZBK =2765: 7 A7 87A97 <5 <,25VV,;17Z,519;: N,52<51 5A ,ZN4AK; ] V751 14567Z5195 51 5A <@7 7 <@7: A;K 25K4A97<;K <5 A;K N;V;K ,1651972,;K , 1651972,;K 345 W,V,52;1 K;1 <5K7K92;K;K 7A V4719,8,V72 A;K 87A97195K ] N258,5251 5KN5272 W7K97 V471<; +72A;K 25=25K5 <5 K4 6,7?5 N727 <5?72 345 LA K57 34,51 9;Z5 A7K <5V,K,;15K 51 41 9@N,V; V;ZN;297Z,519; <5 765K924O U;V4A971<; K4 V7Y5O7 51 A7 9,5227Xb_lcC G; <5Y52@7 K52 417 ?4K9,8,V7V,M1: N52; ),5=; 34,51 <5Y52@7 =4,72 8,17AZ5195 7 /7YA; <5Y,<; 7 345 V;1;V5 7 N2;841<,<7< A;K N2;V5K;K ] 9,515 ZBK 25V;22,<; 51 A7 ;2=71,O7V,M1: 5ZN,5O7 7 W7V52 K5[7A7Z,519;K K;Y25 A7 =5K9,M1 <5 ,1651972,;K: K,1 25V;1;V52 A7 25KN;1K7Y,A,<7< 345 9,515C *7 5?5V4V,M1 <5 A7 97257 1; 9,515 1,1=417 Z59;<;A;=@7 ] 5K 72Y,9272,7: V725V5 <5 5K924V9427 ] V;1V5N9;: A;K <79;K 1; K;1 8,5A5K N52; <71 7A=41;K U6,K;KX <5 A7 K,947V,M1 257AC /7YA;: <5 7A=417 8;2Z7 97ZY,L1 V255 345 N45<5 ?4K9,8,V72 A; ;V422,<; <5K<5 K4 K,947V,M1 N52K;17A ] K4 519;21;C &19;1V5K V7<7 41; 5ZN,5O7 7 N;A72,O72K5 ] 7 <5851<52 K4 9522,9;2,;: A7
! 1&2',&/3)&4* 15 #%-*'-2 0
8
K,152=,7 <5A 927Y7?; 51 534,N; 5ZN5OM 7 N52<52K5 ] 5ZN5O72;1 7 1;972K5 N52Z715195K 2;V5K 51925 V;A7Y;27<;25K 345 ,ZN7V972;1 845295Z5195 51 5A VA,Z7 A7Y;27A <5A V5192; V 5192; <5 <,K92,Y4V,M1C >7145A 25V452<7 345 <427195 5A 56519; K5 <595V9M 5A 87A97195 <5 7A=417 Z52V71V@7 ] <5V,<5 ,1,V,72 K4 Y^K345<7 N;2 7AA@: K;A,V,97 7 A;K 74\,A,725K 257A,O72 ,1651972,;K 7 5K7K 2585251V,7K ] 51V451927 87A97195K 97ZY,L1: 5K925K7<; N;2 5A 25K4A97<;: <5V,<5 AA7Z72 7 /7A;Z72, f),25V9;2 G7V,;17A <5 *;=@K9,V7g N727 V;Z51972A5 K;Y25 A;K W5VW;K ] N727 K;2N25K7 <5 >7145A 5K LA 34,51 A; 519527 <5 A7 K,947V,M1C G; 845 A7 Z5?;2 Y,51651,<7 /7A;Z72,: ,1,V,7AZ5195 Z45K927 N25;V4N7V,M1: N52; K,5195 345 5K 417 25KN;1K7Y,A,<7< <5 7=51V,7: 345 A7 K5<5 N2,1V,N7A V45197 V;1 41 <,25V9;2 <5 A;=@K9,V7 51 V7<7 417 <5 A7K Y7K5K <5 ;N527V,;15K N727 345 9;Z5 V7297K 51 5A 7K419; ] <5V,<7 34L K5 <5Y5 W7V52C !41 7K@: N7K71 _R <@7K ] <5V,<5 6,K,972 '71 .52172<; <5A P,519; V;1 5A 8,1 <5 652,8,V72 A7 K,947V,M1C #7A 65O A; 345 N25N727 5K ,18;2Z7V,M1 N727 51V;19272 41 UVW,6; 5\N,79;2,;X 51 9;<7 LK97 V7<517 <5 522;25K ] 1; K5 518;V7 51 417 K;A4V,M1 V;1941<5195 N727 7Z,A7172 A7K 7VV,;15K 345 K5 5K97Y71 AA5671<; 7 V7Y; ] 345 N52Z,951 A7 84=7 <5 Z52V71V@7K N;2 41 Z5<,; 7^1 ,1<5952Z,17<;C &K7 5K 417 N;K,V,M1 7A=; V;Z^1 51925 A;K =525195K 345 K5 518;V71 51 A7K N52K;17K ] A;K W5VW;K Y4KV71<; V4AN7YA5K Z7K 1; 51 A;K 25K4A97<;KC &1 '71 .52172<; <5A P,519; 5K 25V,Y,<; +72A;K: 51 Z5<,; <5 A7 ,1V529,<4ZY25 N;2 9;<;K A;K W5VW;K 7V75V,<;K <427195 K4 74K51V,7: Z79,O7<;K N;2 A7 71K,5<7< 345 9,515 9;<; 5A 534,N; <5 A;=@K9,V7 <5 A7 7=51V,7 N;2 V;1;V52 A;K 25K4A97<;K <5 A7 6,K,97 7 &K97<;K "1,<;KC +72A;K AA5=7 K,=,A;K;: 51 LK95 Z;Z519; 5K9B <5KV;18,71<; <5 9;<;K A;K V;A7Y;27<;25K: >7145A A; Z719,515 7A Z72=51 <5 A7 K,947V,M1 N;2345 5K9B K5=42; <5 345 LA 5K 34,51 V;1 K4 7K94V,7 ] Y7=7?5 N45<5 K4N5272A; N52; 7ZY;K K;1 V;1K,5195K 345 1; 5K 8BV,A: 345 9;<;K 5K9B1 ?4=71<; 51 5A 8,A; <5 A7 1767?7C *7 V25<,Y,A,<7< ] A7 V;18,71O7 <5 A7 V;ZN7[@7 K;Y25 5A N52K;17A 77145A 49,A,OM 417 Z5<,<7 <2BK9,V7 <5 VW;345: V71V5AB1<;A5 5A V;19279; 7 <;K 74\,A,725K N;2 N25K41V,M1 <5 N729,V,N7V,M1 51 4K42N7V,M1 <5 A;K Y,515K <5 A7 V;ZN7[@7e N52; K,1 N245Y7K ] K,1 95K9,Z;1,;K <5 95K9,=;K 1; W4Y; ZBK 25Z5<,; 345 ,1<5Z1,O72A;KC #7ZY,L1 K5 W7Y@7 ,1,V,7<; W7V5 417 K5Z717 5A 4K; <5A N;A@=278; 7 9;<;K ] V7<7 41; <5 A;K 74\,A,725K <5 Y;<5=7: K,947V,M1 345 1; 5K VMZ;<7 N727 1,1=41; ,1VA4]51<; 7A ?585 <5 7AZ7V517Z,519; N;2345 5K 41 W;ZY25 <5 =271<5K V7A,<7<5K W4Z717K ] N2;85K,;17A5K 7K@ 345 A5 785V97 5K972 51 51925<,VW; 9719; LA V;Z; K4 =5K9,M1 ] 7N7295 <5 5AA; A7 <5 K4 534,N;: 7195 A7K <,25V9,67KC &A =525195 V;1K,<52M 345 A7 5\N4AK,M1 <5 A;K 74\,A,725K V;7VV,;172@7 7A N52K;17A ] N;2 5K7 6@7 51V;19272@7 A;K V4AN7YA5K K, A;K W7Y@7 N52; 8,17AZ5195 7 N5K72 <5 A7 N25K,M1 5?52V,<7 1,1=41; <,; <5VA727V,;15K VA727K ] 9;<; K5 25<4?; 7 345 51 A7 N245Y7 N;A,=2B8,V7 K5 W7AA7271 V4792; N25K419;K V4AN7YA5KC '5 <5VA727 A7 N25K41V,M1 <5A W5VW; <5Y,<; 7 345 A7 N245Y7 1; 5K 6BA,<7 ?42@<,V7Z5195 N;2 A; V47A 1; K,265 N727 ,1V2,Z,172 7 A;K 7V4K7<;KC
9
! #$%&'()*&)$ +,-*)$%$./&-*$ 0
!195 5K95 1456; N71;27Z7: A7 ;2<51 <5 A7 6,V5N25K,<51V,7 77145A: V;1 5K5 ;A879; 345 A; V727V952,O7 ] K4 ,1V,K,6;: BV,<; 5 ,1K,K95195 5K9,A; =5251V,7A 345 A; V727V952,O7 34,525 AA5=72 7A 8;1<; <5 A7 652<7< ] 51927 7 256,K72 <597AA7<7Z5195 A;K Z;6,Z,519;K <5 ,1651972,; <5 A7 Z52V71V@7 <5 67A;2 ZBK 25N25K51979,6;: N727 LK97 97257 K5 7N;]7 51 +72A;K ] N7K71 d <@7K 717A,O71<;: 67A,<71<; <;V4Z519;K ] 5?5V49;25KC !A 256,K72: ,194]51 345 A;K ,ZNA,V7<;K K;1 WBY,A5K: V;1;V5<;25K N2;841<;K <5 A7 5K924V9427 ] K4K <5Y,A,<7<5K: 345 9,5151 417 AM=,V7 7^1 ,1V;ZN251K,YA5 345 A5K 87V,A,9M A7K V;K7K ] V;1K,<5271 345 9;<; N4<; 5K972 U;2345K97<;X N;2 7A=4,51 345 K7Y@7 Z4] Y,51 A; 345 5K97Y7 W7V,51<;: 5K5 749;2 ,195A5V947A: <5KV;1;V,<; W7K97 7W;27: N;<@7 V;192;A72 51 A7 <,K971V,7 A;K Z;6,Z,519;K <5A N52K;17A ] 5A ,1651972,;: V;1 K49,A5O7: 951@7 5A N;<52 K48,V,5195 N727 51Z7KV7272 K4K 7VV,;15K 942Y,7KC &K ,ZN;297195 25V7AV72 A7 <5KV;18,71O7 345 K5 25KN,27 51 5A 7ZY,5195 V;1 LK97 K,947V,M1: 9719; 7K@ 345 /7A;Z72, 5ZN5OM 7 K52 YA71V; <5 9;<7 K52,5 <5 V2@9,V7K <5Y,<; 7 7A=417K <5V,K,;15K 9;Z7<7K <427195 A7 74K51V,7 <5 +72A;K0 N;2 5?5ZNA;: V;1K,19,M 5A 345 1; K5 5?5V497271 ,1651972,;K: 5K946; 7A Z72=51 <5A 56519; AA567<; 7 V7Y; 5A V47A 527 41 87V9;2 <5 2,5K=; <5Y,<; 7 345 141V7 K5 W7Y@7 257A,O7<; 51 A7 V;ZN7[@7: N52Z,9,M 345 ?585K <5 B257 9;Z7271 <5V,K,;15K 345 1; 5271 <5 K4 1,65A <5 25KN;1K7Y,A,<7<: 5K946; 74K5195 V471<; 527 15V5K72,7 K4 N25K51V,7 ] N52Z715V,M 7A Z72=51 ,1VA4K,65 <5 A7K <5V,K,;15K 345 >7145A 9;ZM <,KV25V,;17AZ5195 5 ,1Z,KV4]L1<;K5 51 5A B257 <5 A;=@K9,V7: 345 <5 7V452<; 7 A7 5K924V9427 ] ;2=71,=27Z7 fP&% !G&J$ G;Sg: 1; 527 <5 K4 V;ZN5951V,7C &A 6,V5N25K,<5195 7
! 1&2',&/3)&4* 15 #%-*'-2 0
10
<5V,<,<; 1; V;1972 ZBK V;1 /7A;Z72, N52; 1; W7V5 N25V,K,M1 K;Y25 A7 8;2Z7: /7A;Z72, K5 74K5197 <5A 25V,19; V52271<; 845295Z5195 A7 ;8,V,17 <5 +7A67VV,;C !A K,=4,5195 <@7: 41 N;V; ZBK V7AZ7<;K: /7A;Z72, A5 5\9,51<5 A7 V7297 <5 25141V,7 7 +7A67VV,;: 34,51 A7 25V,Y5 K,1 Z4K,972 N7A7Y27 1, Z71,85K972 1,1=417 5\N25K,M1 51 K4 2;K92;: 5K925VW71 A7 Z71; ] /7A;Z72, 51925=7 K4 V72=; 51 V,1V; <@7K 7 41 51V72=7<; <5K,=17<; N;2 +7A67VV,;C +72A;K 5K97 41 9719; K;2N251<,<; N;2 A;K ^A9,Z;K W5VW;K: 741 V471<; 5A W52Z59,KZ; 5K 9;97A: A;K 24Z;25K K;Y25 A7 <5K6,1V4A7V,M1 <5 /7A;Z72, K5 5\N71<51 2BN,<7Z5195C +72A;K <5V,<5 AA7Z72 7 +7A67VV,; N;2345 34,525 <5?72 Z4] 51 VA72; V A72; V47A 5K K4 K,947V,M1 ] N;K,V,M1 825195 7 A; ;V422,<;0 U);1 +7A67VV,;: 34,52; 345 V;1;OV7 Z, N;K,V,M1 ] ;N,1,M1 K;Y25 9;<; A; ;V422,<; 51 '71 .52172<; <5A P,519;: V25; 345 7^1 1; V;1;V5 7A=41;K <597AA5KX +7A67VV,;0 U+72A;K: h5K V;18,<51V,7A ; V255 345 N;<5Z;K W7YA72A; 7Y,5297Z5195 51 A7 ;8,V,17iXC +72A;KC U&K V;18,<51V,7A: 34,K,527 345 N2,Z52; Z5 5KV4VW727 N727 345 951=7 VA72; A; 345 N,51K; K;Y25 9;<; 5K9;XC +7A67VV,;0 U&K97 Y,51: Z7[717 6,7?72L 7 '71 .52172<; <5A P,519; ] 1;K 51V;192725Z;K 51 5A 752;N4529;XC +72A;K W7 A;=27<; K4 V;Z59,<;: 95152 417 519256,K97 N52K;17A V;1 +7A67VV,;C )5 ,1Z5<,79; N25N727 41 ,18;2Z5 =5251V,7A <597AA7<; <;1<5 5\NA,V7 V2;1;AM=,V7Z5195 A; ;V422,<; ] A; 516@7 7A 5yZ7,A <5 +7A67VV,; V;Z; 41 U7Y25Y;V7KX <5 A; 345 K52@7 K4 519256,K97C !A <@7 K,=4,5195 +72A;K K5 51V451927 V;1 +7A67VV,; 51 5A 752;N4529;: N52; A7 519256,K97 5K V;297: +7A67VV,; 5K 82@; ] V,5227 9;<; 51 925K 827K5K0 U+72A;K V25; 345 K5 W71 V;Z59,<; <5Z7K,7<;K 522;25K: ]7 W5 6,K9; 94 ,18;2Z5 ] 51 257A,<7< 1; KL V4BA 527 A7 <5V,K,M1 345 <5Y@7 9;Z72: K, 5VW7295 7 9, ; 7 /7A;Z72,: V25; 345 ]7 A7 A;=@K9,V7 <5 K97 V;ZN7[@7 5K9B <5Z7K,7<; <5952,;27<7 7
11
! #$%&'()*&)$ +,-*)$%$./&-*$ 0
+72A;K0 UA;K K,K95Z7K A;=@K9,V;K 56;A4V,;171: 7A ,=47A 345 A;K V;192;A5K: A;K 534,N;Ke A7 ,18275K924V9427 <5 W7V5 d 7[;K 1; 5K ^9,A 7W;27 ] 145K927 V25V,5195 5\N71K,M1 1; 845 NA71,8,V7<7 V;1 417 927O7Y,A,<7< 7<5V47<7 N727 5A 5K97<; 7V947A <5 A7 ;N527V,M1CX +7A67VV,;C .451;: 519;1V5K 34L K5 N2;N;15: 15V5K,97Z;K 25K4A97<;K ,1Z5<,79;KC +72A;K0 *7K N2,Z527K 7VV,;15K K52B1 5K92795=,7K YA71<7Kb_dc: ,1,V,7AZ5195 417 25<,K92,Y4V,M1 <5 841V,;15K: 41 N2;=27Z7 <5 V7N7V,97V,M1 51 N2;V5<,Z,519;K ] 417 7K,=17V,M1 <5 2;A5K <,85251V,7A5K ] <58,1,<;KC #;<;K A;K N2;V5<,Z,519;K K5 <5Y51 256,K72 Z,14V,;K7Z5195: K5 7<5V472B1 7 A7K V;1<,V,;15K 7V947A5K ] K5 <,841<,2B1 7ZNA,7Z5195 =72719,O71<; K4 V4ZNA,Z,519;C &A N52K;17A <5Y5 V;1972 V;1 417 Z59;<;A;=@7 <5 927Y7?; N25V,K7 345 25N25K5195 Z7];2 K5=42,<7< ] Z51;K 64A1527Y,A,<7'C fP52 715\;gC +7A67VV,;0 hT 51 652<7< V255 345 5K7 5K A7 Z5?;2 7A952179,67i /-&' )& /zE-G!0 { &J/*-+!+-IG b_c '`40 &A '|" N2;6,515 <5A 7V2M1,Z; <5 '9;V` |55N,1= "1,9C &K 41 ,<519,8,V7<;2 4K7<; 51 5A +;Z52V,; V;1 5A ;Y?59; <5 N52Z,9,2 5A K5=4,Z,519; K,K95ZB9,V; <5 A;K N2;<4V9;K ] K526,V,;K ;825V,<;K 7 A;K VA,5195KC *7 N2;141V,7V,M1 N45<5 K52 9719; 51 5KN7[;A U5K5y`7y4XvX5K`^X V;Z; 51 ,1=ALK U5Ky`5]y,^XC +7<7 '|" K5 7K;V,7 V;1 41 ;Y?59;: N2;<4V9;: Z72V7: K526,V,;: V72=;K: 59VCbQc &%/0 *;K K,K95Z7K <5 NA71,8,V7V,M1 <5 25V42K;K <5 A7 5ZN25K7 f51 ,1=ALK &%/: 51952N2,K5 25K;42V5 NA711,1=g K;1 K,K95Z7K <5 =5K9,M1 <5 ,18;2Z7V,M1 345 ,195=271 ] 749;Z79,O71 Z4VW7K <5 A7K N2BV9,V7K <5 15=;V,; 7K;V,7<7K V;1 A;K 7KN5V9;K ;N5279,6;K ; N2;<4V9,6;K <5 417 5ZN25K7Cbjc +2;KK<;V`,1=0 K5 <51;Z,17 7 A7 N2BV9,V7 <5 <5KV72=72 417 Z52V71V@7 <5K<5 41 92B,A52 ; V;19515<;2 <5 =271 V7N7V,<7<: ; 9251 51927195 N727 V72=72A7 51 V7Z,;15K <5 25N729; <5 Z51;2 6;A4Z51 ] V7N7V,<7< ; 9251 K7A,5195C &A ;Y?59,6; 5K V7ZY,72 5A Z5<,; <5 9271KN;295: 9271K,972 Z7952,7A5K V;1 <,8525195K <5K9,1;K ; V;1K;A,<72 Z52V71V@7K N2;651,5195K <5 <,8525195K ;2@=515KC &1 K519,<; 5K92,V9;: 5A V2;KKy<;V`,1= K5 W7V5 K,1 1,1=^1 9,N; <5 7AZ7V517?5 ,1952Z5<,;C &K95 K,K95Z7 5K 49,A,O7<; N2,1V,N7AZ5195 N;2 =271<5K <,K92,Y4,<;25K: +72258;42: E24N; &2;K`,: 51925 ;92;KC '4 ,1951V,M1 5K 7V;2<72 V;1 A;K N2;655<;25K 41 25N729; <,72,; N727 25<4V,2 V;K95K <5 25V5NV,M1: 7AZ7V517?5 ] N25N727V,M1C /727 5K95 K,K95Z7: K5 5K9B1 ,ZNA71971<; ^A9,Z7Z5195 Z734,17K VA7K,8,V7<;27K: 345 N;2 Z5<,; <5 V,197K 9271KN;297<;27K: ] 41 K,K95Z7 <5 VA7K,8,V7V,M1: K;1 V7N7V5K <5 <,K92,Y4,2 749;ZB9,V7Z5195 A7 Z52V71V@7 N;2 Y;V7K <5 K7A,<7 Z72V71<; 5A 2,9Z;
! 1&2',&/3)&4* 15 #%-*'-2 0
12
7A ;N5272,;: V;1 5A 8,1 <5 7Y727972 V;K95KCblc -195287OC +;15\,M1 5 ,19527VV,M1 51925 W72<}725: K;89}725 ] 5A 4K472,;C &A <,K5[; ] V;1K924VV,M1 <5 ,195287V5K V;1K9,94]5 417 N7295 N2,1V,N7A <5A 927Y7?; <5 A;K ,1=51,52;K: N2;=27Z7<;25K ] V;1K4A9;25KC *;K 4K472,;K UV;1652K71X V;1 5A K;89}725C &A K;89}725 UV;1652K7X V;1 5A W72<}725 ] ;92; K;89}725C &A W72<}725 UV;1652K7X V;1 ;92; W72<}725C #;<; 5K95 U<,BA;=;X 1; 5K ZBK 345 5A 4K; <5 ,195287V5KC *7K ,195287V5K <5Y51 <,K5[72K5: <5K722;AA72K5: N2;Y72K5 ] 25<,K5[72K5e ] V;1 V7<7 51V7217V,M1 17V5 417 14567 5KN5V,8,V7V,M1 345 N45<5 V;16529,2K5 51 41 5K9B1<72 ZBK: <5 W5VW; ; 25=4A7<;Cbdc *7];490 +471<; K5 4K7 5A 9L2Z,1; *7];49 51 NA7197: K5 7A4<5 7 65V5K A7 <,KN;K,V,M1 8@K,V7 ]7 5\,K95195: ;927K 65V5K 7 417 <,K92,Y4V,M1 N2;]5V97<7 825V45195Z5195 7A B257 <5 5K94<,; M 7A 927Y7?; <5 257A,O72 417 <,K92,Y4V,M1 51 NA7197Cbmc !?4K95 7147A <5 A;K ,1651972,;KC *;K V;192,Y4]5195K 1; ;YA,=7<;K 7 <5952Z,172 5A V;K9; <5 517?517V,M1 <5 A;K 7V9,6;K Z;6,YA5K N;2 5A K,K95Z7 <5 ,1651972,;K N52Z715195K: <5952Z,172B1 <5952Z,172B1 5A V;K9; <5 65197 ] 5A ,1651972,; 8,17A <5A 25KN5V9,6; 7[;: 7?4K971<; N;2 5A /!!E 5A ,1651972,; N;K5@<; 5A ^A9,Z; <@7 <5A 7[; ,1Z5<,797Z5195 71952,;2 7A =2767YA5: 25=,K9271<; 5A 7?4K95 V;Z; Z7];2 67A;2 <5A ,1651972,; ] V;Z; V;1927N729,<7 41 V2L<,9; 51 A7 V45197 <5 V;225VV,M1 Z;15972,7 8,KV7AC C &K97949; #2,Y4972,;: )5V259; l_m <5 QRRj: !29@V4A; jC/727 97A 585V9; K5 <5Y52B 5?5V4972 N;2 A; Z51;K 41 ,1651972,; 9;97A <5192; <5A 7[; 71952,;2 7A =2767YA5 ]7 K57 V@VA,V; M <,72,;CbSc '5 AA7Z7 UV;192,Y4V,M1 Z72=,17AX ; UZ72=51 <5 V;192,Y4V,M1X 7 A7 <,85251V,7 51925 5A /25V,; <5 P5197 ] 5A +;K9; P72,7YA5 "1,972,;Cbtc *;K ',K95Z7K <5 +;K9;K N;2 !V9,6,<7<5K: V;1;V,<;K N;2 A7 <51;Z,17V,M1 71=A;K7?;17 V;Z; U!V9,6,9] .7K5< +;K9,1=X f!.+g K5 N25K51971 V;Z; 417 W5227Z,5197 ^9,A <5 71BA,K,K <5A V;K9; ] K5=4,Z,519; <5 7V9,6,<7<5K: 87V9;25K 25A567195K N727 5A <5K722;AA; ] 25K4A97<; 8,17A <5 A7 =5K9,M1 5ZN25K72,7Abuc *7 N4YA,V,<7< /$/: ; Z5?;2 <,VW;: 5A Z7952,7A /$/ f/;,19 $8 /42VW7K5g K5 258,525 7 9;<;K A;K ;Y?59;K 345 K,2651 N727 7N;]72 A7 N4YA,V,<7< <5 7A=^1 N2;<4V9; ; 5ZN25K7: K5 4K7 N727 W7V52 AA5=72 A7 N4YA,V,<7< 7A VA,5195: 51 8;2Z7 <5 ;Y?59;K 345 49,A,V5: V;Z; Y;A@=278;K: 7=51<7K: =;227K: 82715A7K: 25=A7K: 59VCb_Rc &A 9L2Z,1; 927O7Y,A,<7< 5K <58,1,<; N;2 5A +;Z,9L <5 '5=42,<7< !A,Z51972,7 <5 !&+$+ 7K@0 U'5 519,51<5 V;Z; 927O7Y,A,<7< 7345AA;K N2;V5<,Z,519;K N255K97YA5V,<;K ] 749;K48,V,5195K 345 N52Z,951 V;1;V52 5A W,K9M2,V;: A7 4Y,V7V,M1 ] A7 927]5V9;2,7 <5 41 N2;<4V9; ; A;95 <5 N2;<4V9;K 7 A; A72=; <5 A7 V7<517 <5 K4Z,1,K92;K 51 41 Z;Z519; <7<;: 7 9276LK <5 417K W5227Z,5197K <5952Z,17<7KCXb__c w725W;4K5 >717=5Z519 ']K95Z fw>'g ,195=27 K;89}725: W72<}725 ] 534,N;K N52,8L2,V;K N727 7' K42=,52;1 51 A7 ' 97ZY,L1 Y2,1<71 K;N;295 7A K526,V,; <5 7AZ7V517Z,519; Z5V71,O7<; Z5<,7195 ,195287V5K 7 534,N;K 749;Z79,O7<;K <5 Z71,N4A5; <5 Z7952,7A5KCb_Qc %n-) fK,=A7K <5 %7<,; n253451V] -)519,8,V79,;1: 51 5KN7[;A -<519,8,V7V,M1 N;2 27<,;825V451V,7g 5K 41 K,K95Z7 <5 7AZ7V517Z,519; ] 25V4N527V,M1 <5 <79;K 25Z;9; 345 4K7 <,KN;K,9,6;K <51;Z,17<;K 59,34597K: 9271KN;15<;25K ; 97=K %n-)C &A N2;NMK,9; 841<7Z5197A <5 A7 95V1;A;=@7 %n-) 5K 9271KZ,9,2 A7 ,<519,<7< , <519,<7< <5 41 ;Y?59; fK,Z,A72 7 41 1^Z52; <5 K52,5 ^1,V;g Z5<,7195 ;1<7K <5 27<,;C *7K 95V1;A;=@7K %n-) K5 7=24N71 <5192; <5 A7K <51;Z,17<7K !49; -) f!49;Z79,V -<519,8,V79,;1: ; -<519,8,V7V,M1 !49;ZB9,V7gC"17 59,34597 %n-)
13
! #$%&'()*&)$ +,-*)$%$./&-*$ 0
5K 41 <,KN;K,9,6; N5345[;: K,Z,A72 7 417 N5=79,17: 345 N45<5 K52 7
" #$%&"'(
($")"*+, - "*.($/+%"0* +1"%"(*+, 1"23(*"4,- -*5 &6635778889"%-2"9-1:9%(74,()27%+2(1"26$"4:;+/(27
! 1&2',&/3)&4* 15 #%-*'-2 0
14