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ʌİȡȚıIJȡȠijȫȞ
6$ ± 6$
6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ
$80$ 0$7,& $0 $0
1U UHMHVWUDF\MQ\ FHUW\ILNDWX
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȈțȠʌȩȢIJȦȞȠįȘȖȚȫȞȜİȚIJȠȣȡȖȓĮȢ ǹȣIJȑȢȠȚȠįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢȚıȤȪȠȣȞȖȚĮıİȡȕȠȘȤĮȞȚıȠȪȢʌȠȜȜĮʌȜȫȞ
ʌİȡȚıIJȡȠijȫȞIJȦȞIJȪʌȦȞ6$6$țĮȚȖȚĮıİȡȕȠȘȤĮȞȚıȠȪȢ
ʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞȡȣșȚıIJȚțȒȢȜİȚIJȠȣȡȖȓĮȢ6$56$5
ȝİȝȠȞȐįİȢİȜȑȖȤȠȣǹȂǹȂǹȣIJȑȢȠȚȠįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȚıȤȪȠȣȞȩȞȠȖȚĮ©įİȟȚȩıIJȡȠijȠțȜİȓıȚȠªʌȤȠțĮșȠįȘȖȠȪİȞȠȢȐȟȠȞĮȢ
ȖȣȡȞȐįİȟȚȩıIJȡȠijĮȖȚĮȞĮțȜİȓıİȚȘȕĮȜȕȓįĮ
ȆİȡȚİȤȩȝİȞĮ ȈİȜȓįĮ
ȅįȘȖȓİȢĮıijĮȜİȓĮȢ
ǼȪȡȠȢİijĮȡȠȖȫȞ
ǾȜİțIJȡȚțȒıȪȞįİıȘ
ȈȣȞIJȒȡȘıȘ
ȆȡȠİȚįȠʌȠȚȒıİȚȢ ıȘȝİȚȫıİȚȢ
ȈȪȞIJȠȝȘʌİȡȚȖȡĮijȒ
ȉİȤȞȚțȐȤĮȡĮțIJȘȡȚıIJȚțȐ
ǼʌȚʌȡȩıșİIJİȢʌȜȘȡȠijȠȡȓİȢȖȚĮIJȠȘȜİțIJȡȚțȩįȚȐȖȡĮȝȝĮ
ȂİIJĮijȠȡȐĮʌȠșȒțİȣıȘțĮȚıȣıțİȣĮıȓĮ
ȂİIJĮijȠȡȐ
ǹʌȠșȒțİȣıȘ
ȈȣıțİȣĮıȓĮ
ȉȠʌȠșȑIJȘıȘıIJȘȕĮȜȕȓįĮȝİȚȦIJȒȡĮ
ĬȑıİȚȢʌȡȠıĮȡȝȠȖȒȢIJȦȞIJȠʌȚțȫȞȤİȚȡȚıIJȘȡȓȦȞ
ǾȜİțIJȡȚțȒıȪȞįİıȘ
ȈȪȞįİıȘȝİȕȪıȝĮʌȡȓȗĮıȪȞįİıȘȢ$80$66+6(
ȋİȚȡȠțȓȞȘIJȘȜİȚIJȠȣȡȖȓĮ
ȁİȚIJȠȣȡȖȓĮțĮȚİȞįİȓȟİȚȢIJȦȞIJȠʌȚțȫȞȤİȚȡȚıIJȘȡȓȦȞ
ǹȞȠȓȖȠȞIJĮȢIJȠIJȝȒȝĮIJȦȞįȚĮțȠʌIJȫȞ
ǹijĮȚȡȫȞIJĮȢIJȠțȐȜȣȝȝĮĮʌȩIJȠȤȫȡȠIJȦȞįȚĮțȠʌIJȫȞ
ǹijĮȚȡȫȞIJĮȢIJȠȝȘȤĮȞȚțȩįİȓțIJȘʌȡȠĮȚȡİIJȚțȩȢİȟȠʌȜȚıȝȩȢ
ȇȪșȝȚıȘIJȦȞȠȡȓȦȞįȚĮįȡȠȝȒȢ
ȇȪșȝȚıȘIJȘȢIJİȡȝĮIJȚțȒȢșȑıȘȢȀȁǼǿȈȉȅȝĮȪȡȘʌİȡȚȠȤȒ
ȇȪșȚıȘIJȘȢIJİȡĮIJȚțȒȢșȑıȘȢǹȃȅǿȋȉȅȜİȣțȒʌİȡȚȠȤȒ
DzȜİȖȤȠȢIJȦȞįȚĮțȠʌIJȫȞȡȪșȝȚıȘȢȠȡȓȦȞįȚĮįȡȠȝȒȢ
ȇȪșȚıȘIJȦȞįȚĮțȠʌIJȫȞİȞįȚȐȝİıȦȞșȑıİȦȞIJȪʌȠȣ'82ʌȡȠĮȚȡİIJȚțȩȢİȟȠʌȜȚıȝȩȢ
ȇȪșȚıȘȖȚĮțĮIJİȪșȣȞıȘȀȁǼǿȈȉȅĮȪȡȘʌİȡȚȠȤȒ
ȇȪșȚıȘȖȚĮțĮIJİȪșȣȞıȘǹȃȅǿȋȉȅȜİȣțȒʌİȡȚȠȤȒ
DzȜİȖȤȠȢIJȦȞįȚĮțȠʌIJȫȞİȞįȚȐȝİıȦȞșȑıİȦȞIJȪʌȠȣ'82
ȇȪșȝȚıȘįȚĮțȠʌIJȫȞȠȡȓȠȣȡȠʌȒȢ
ȇȪșȝȚıȘ
DzȜİȖȤȠȢIJȦȞįȚĮțȠʌIJȫȞȠȡȓȠȣȡȠʌȒȢ
ǻȠțȚȝĮıIJȚțȩȢȑȜİȖȤȠȢ
DzȜİȖȤȠȢIJȘȢțĮIJİȪșȣȞıȘȢʌİȡȚıIJȡȠijȒȢ
DzȜİȖȤȠȢIJȦȞȡȣșȝȓıİȦȞIJȦȞȠȡȓȦȞįȚĮįȡȠȝȒȢ
DzȜİȖȤȠȢIJȠȣIJȡȩʌȠȣȑįȡĮıȘȢ
DzȜİȖȤȠȢIJȘȢıȣıțİȣȒȢİȞİȡȖȠʌȠȓȘıȘȢ37&ʌȡȠĮȚȡİIJȚțȩȢİȟȠʌȜȚıȝȩȢ
ȇȪșȝȚıȘIJȠȣʌȠIJİȞıȚȩȝİIJȡȠȣʌȡȠĮȚȡİIJȚțȩȢİȟȠʌȜȚıȝȩȢ
ȇȪșȝȚıȘIJȠȣȘȜİțIJȡȠȞȚțȠȪȝİIJĮįȩIJȘșȑıȘIJȪʌȠȣ5:*ʌȡȠĮȚȡİIJȚțȩȢİȟȠʌȜȚıȝȩȢ
ȇȪșȝȚıȘıȣıIJȒȝĮIJȠȢĮȖȦȖȫȞ±P$țĮȚıȣıIJȒȝĮIJȠȢĮȖȦȖȫȞ±P$
ȇȪșȝȚıȘıȣıIJȒȝĮIJȠȢĮȖȦȖȫȞ±P$
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ȈİȜȓįĮ
ȇȪșȝȚıȘIJȠȣȝȘȤĮȞȚțȠȪįİȓțIJȘșȑıȘȢʌȡȠĮȚȡİIJȚțȩȢİȟȠʌȜȚıȝȩȢ
ȀȜİȓȞȠȞIJĮȢIJȠțĮʌȐțȚIJȠȣȤȫȡȠȣIJȦȞįȚĮțȠʌIJȫȞ
ǼȜİȖțIJȒȢ$80$0$7,&
ȁİȚIJȠȣȡȖȓİȢIJȦȞįȚĮȖȞȦıIJȚțȫȞȜȣȤȞȓȦȞʌȐȞȦıIJȘȞʌȜĮțȑIJĮLQWHUIDFHVWDQGDUGȑțįȠıȘ
ȆȡȠȖȡĮȝȝĮIJȓȗȠȞIJĮȢIJȘȞʌȜĮțȑIJĮȜȠȖȚțȒȢ
ȈȒȝĮǼʌİȓȖȠȣıĮȢĮȞȐȖțȘȢĮȞȠȓȖȝĮIJȠȢ(0(5*(1&<±23(1țĮȚİʌİȓȖȠȣıĮȢĮȞȐȖțȘȢ
țȜİȚıȓȝĮIJȠȢ(0(5*(1&<±&/26(ʌȡȠĮȚȡİIJȚțȩȢİȟȠʌȜȚıȝȩȢ
ǾȜİțIJȡȠȞȚțȩȢȡȣșȝȚıIJȒȢșȑıȘȢʌȡȠĮȚȡİIJȚțȩȢİȟȠʌȜȚıȝȩȢ
ȉİȤȞȚțȐȤĮȡĮțIJȘȡȚıIJȚțȐ
ȇȪșȝȚıȘ
ȇȪșȝȚıȘIJȪʌȠȣıȒȝĮIJȠȢ
ȇȪșȝȚıȘIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪıİʌİȡȓʌIJȦıȘĮʌȫȜİȚĮȢıȒȝĮIJȠȢ
ȇȪșȝȚıȘȡȣșȝȚıIJȒșȑıȘȢȖȚĮIJȘȞIJİȜȚțȒșȑıȘȀȁǼǿȈȉȅ&/26('ȕĮıȚțȒȑțįȠıȘ
ȇȪșȝȚıȘȡȣșȝȚıIJȒșȑıȘȢȖȚĮIJȘȞIJİȜȚțȒșȑıȘǹȃȅǿȋȉȅ23(1VWDQGDUGȑțįȠıȘ
ȇȣșȝȓȗȠȞIJĮȢIJȘȞİȣĮȚıșȘıȓĮ
ȇȪșȝȚıȘȡȣșȝȚıIJȒșȑıȘȢȖȚĮIJȘȞIJİȜȚțȒșȑıȘǹȃȅǿȋȉȅ23(1ĮȞIJȓıIJȡȠijȘȜİȚIJȠȣȡȖȓĮ
ȇȪșȝȚıȘȡȣșȝȚıIJȒșȑıȘȢȖȚĮIJȘȞIJİȜȚțȒșȑıȘȀȁǼǿȈȉȅ&/26('ĮȞIJȓıIJȡȠijȘȜİȚIJȠȣȡȖȓĮ
ȇȣșȝȚıIJȒȢșȑıȘȢȝİȜİȚIJȠȣȡȖȓĮįȚĮȚȡİȝȑȞȠȣıȒȝĮIJȠȢʌȡȠĮȚȡİIJȚțȩȢİȟȠʌȜȚıȝȩȢ
ǻȚĮȚȡİȝȑȞȠıȒȝĮʌİȡȚȖȡĮijȒIJȦȞȜİȚIJȠȣȡȖȚȫȞ
ȆȡȠȖȡĮȝȝĮIJȚıȝȩȢ
ȇȪșȝȚıȘIJȠȣȡȣșȝȚıIJȒșȑıȘȢȖȚĮįȚĮȚȡİȝȑȞȠıȒȝĮ
ȋȡȠȞȠįȚĮțȩʌIJȘȢʌȡȠĮȚȡİIJȚțȩȢİȟȠʌȜȚıȝȩȢ
ȁİȚIJȠȣȡȖȓİȢIJȦȞįȚĮȖȞȦıIJȚțȫȞȜȣȤȞȚȫȞIJȠȣȤȡȠȞȠįȚĮțȩʌIJȘ
ĬȑIJȠȞIJĮȢİțțȓȞȘıȘțĮȚIJİȡȝĮIJȚıȝȩIJȘȢȕȘȝĮIJȚțȒȢțȓȞȘıȘȢȝȑıȦįȚĮțȩʌIJȘȠȡȓȦȞįȚĮįȡȠȝȒȢ
IJȪʌȠȣ'82ʌȡȠĮȚȡİIJȚțȩȢİȟȠʌȜȚıȝȩȢ
ȇȣșȝȓıİȚȢȤȡȩȞȠȣ21țĮȚ2))
ǹıijȐȜİȚİȢ
ǹıijȐȜİȚİȢȝȑıĮıIJȠȤȫȡȠIJȠȣİȜİȖțIJȒ
ȆȡȠıIJĮıȓĮțȚȞȘIJȒȡĮ
ȆȡȠıIJĮıȓĮ,3ʌȡȠĮȚȡİIJȚțȐ
ǼijĮȡȝȠȖȑȢıİȗȫȞİȢIJȪʌȠȣ([ȗȫȞȘʌȡȠĮȚȡİIJȚțȐ
ȈȣȞIJȒȡȘıȘ
ȁȓʌĮȞıȘ
ǼȞĮʌȩșİıȘțĮȚĮȞĮțȪțȜȦıȘ
ȊʌȘȡİıȓİȢ
ȁȓıIJĮĮȞIJĮȜȜĮțIJȚțȫȞIJȦȞıİȡȕȠȝȘȤĮȞȚıȝȫȞʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ
6$5±6$5
ȁȓıIJĮĮȞIJĮȜȜĮțIJȚțȫȞȝȠȞȐįȦȞ$80$0$7,&
ǻȒȜȦıȘȆȚıIJȠʌȠȓȘıȘȢțĮȚǻȒȜȦıȘǼȞıȦȝȐIJȦıȘȢ
ǼȣȡİIJȒȡȚȠ
ǻȚİȣșȪȞıİȚȢȖȡĮijİȓȦȞ$80$țĮȚĮȞIJȚʌȡȠıȫʌȦȞ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȅįȘȖȓİȢĮıijĮȜİȓĮȢ
ǼȪȡȠȢİijĮȡȠȖȫȞ
ȅȚıİȡȕȠȘȤĮȞȚıȠȓ$80$İȓȞĮȚıȤİįȚĮıȑȞȠȚȖȚĮIJȘȜİȚIJȠȣȡȖȓĮȕȚȠ
ȘȤĮȞȚțȫȞȕĮȜȕȓįȦȞʌȤıijĮȚȡȚțȑȢȕĮȜȕȓįİȢȕĮȜȕȓįİȢıȪȡIJȠȣȕĮȜȕȓįİȢ
ʌİIJĮȜȠȪįĮȢīȚĮȐȜȜİȢİijĮȡȝȠȖȑȢʌĮȡĮțĮȜȠȪȝİȞĮıȣȝȕȠȣȜİȣIJİȓIJİIJȘȞ
$80$ȅțĮIJĮıțİȣĮıIJȒȢįİȞİȣșȪȞİIJĮȚȖȚĮȠʌȠȚĮįȒʌȠIJİʌȚșĮȞȒȕȜȐȕȘ
ʌȠȣȝʌȠȡİȓȞĮʌȡȠțȪȥİȚĮʌȩIJȘȞȤȡȒıȘȐȜȜȦȞʌȜȘȞIJȦȞțĮșȠȡȚıȝȑȞȦȞ
İijĮȡȝȠȖȫȞīȚĮȐȜȜȠȣİȓįȠȣȢİijĮȡȠȖȑȢİȣșȪȞİIJĮȚĮʌȠțȜİȚıIJȚțȐțĮȚ
ȩȞȠȠȤȡȒıIJȘȢǾIJȒȡȘıȘIJȦȞȠįȘȖȚȫȞȜİȚIJȠȣȡȖȓĮȢĮʌȠIJİȜİȓȑȡȠȢ
IJȘȢțĮșȠȡȚıȝȑȞȘȢȤȡȒıȘȢIJȦȞıİȡȕȠȘȤĮȞȚıȫȞ
ǾȜİțIJȡȚțȒıȪȞįİıȘ
ȀĮIJȐIJȘȞȘȜİțIJȡȚțȒȜİȚIJȠȣȡȖȓĮȝİȡȚțȐȝȑȡȘijȑȡȠȣȞĮȞĮʌȩijİȣțIJĮ
șĮȞĮIJȘijȩȡȠȘȜİțIJȡȚțȩijȠȡIJȓȠȅʌȠȚĮįȒʌȠIJİİȡȖĮıȓĮʌȐȞȦıIJȠȘȜİțIJȡȚțȩ
ıȪıIJȘȝĮȒıIJȠȞİȟȠʌȜȚıȝȩʌȡȑʌİȚȞĮʌȡĮȖȝĮIJȠʌȠȚİȓIJĮȚȝȩȞȠĮʌȩ
İȚįȚțİȣȝȑȞȠȘȜİțIJȡȠȜȩȖȠȒĮʌȩİȚįȚțȐİțʌĮȚįİȣȝȑȞȠʌȡȠıȦʌȚțȩȣʌȩIJȘȞ
İʌȓȕȜİȥȘʌȐȞIJĮİȚįȚțİȣȝȑȞȠȣȘȜİțIJȡȠȜȩȖȠȣțĮȚıȪȝijȦȞĮȝİIJȚȢ
İijĮȡȝȠȗȩȝİȞİȢȘȜİțIJȡȠȜȠȖȚțȑȢıȣȞșȒțİȢ
ȈȣȞIJȒȡȘıȘ
ȅȚȠįȘȖȓİȢıȣȞIJȒȡȘıȘȢįİȓIJİıİȜʌȡȑʌİȚȞĮIJȘȡȠȪȞIJĮȚįȚĮijȠȡİIJȚțȐįİȞ
İȖȖȣȐIJĮȚȘĮıijĮȜȒȢȜİȚIJȠȣȡȖȓĮIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪ
ǹȣIJȩIJȠİȚțȠȞȓįȚȠıȘĮȓȞİȚȈȘİȚȫıȘ
ȉȠİȚțȠȞȓįȚȠĮȣIJȩİʌȚıȘȝĮȓȞİȚİȞȑȡȖİȚİȢȒįȚĮįȚțĮıȓİȢȠȚȠʌȠȓİȢȑȤȠȣȞ
İȖȐȜȘİʌȚȡȡȠȒıIJȘıȦıIJȒȜİȚIJȠȣȡȖȓĮǾȘIJȒȡȘıȘĮȣIJȫȞIJȦȞ
ıȘİȚȫıİȦȞʌȠȡİȓȞĮȠįȘȖȒıİȚıİįȚĮįȠȤȚțȑȢȕȜȐȕİȢ
ǹȣIJȩIJȠİȚțȠȞȓįȚȠıȘĮȓȞİȚǾȜİțIJȡȠıIJĮIJȚțȐȑȡȘıİțȓȞįȣȞȠ
ǹȞĮȣIJȩIJȠİȚțȠȞȓįȚȠıȣȞȠįİȪİȚȓĮIJȣʌȦȑȞȘʌȜĮțȑIJĮțȣțȜȫĮIJȠȢ
ʌİȡȚȑȤİȚȑȡȘIJĮȠʌȠȓĮʌȠȡİȓȞĮʌȐșȠȣȞȕȜȐȕȘȒȞĮțĮIJĮıIJȡĮijȠȪȞĮʌȩ
ȘȜİțIJȡȠıIJĮIJȚțȑȢİțijȠȡIJȓıİȚȢǹȞȠȚʌȜĮțȑIJİȢʌȡȑʌİȚȞĮʌȚĮıIJȠȪȞțĮIJȐ
IJȘįȚȐȡțİȚĮIJȘȢIJȠʌȠșȑIJȘıȘȢIJȘȢȑIJȡȘıȘȢȒȖȚĮĮȜȜĮȖȒʌȡȑʌİȚȞĮ
ȕİȕĮȚȦșİȓIJİȩIJȚĮȑıȦȢʌȡȚȞȑȖȚȞİȓĮİțijȩȡIJȚıȘȑıȦİʌĮijȒȢİȓĮ
ȖİȚȦȑȞȘİIJĮȜȜȚțȒİʌȚijȐȞİȚĮʌȤIJȠʌİȡȓȕȜȘĮ
ǹȣIJȩIJȠİȚțȠȞȓįȚȠıȘĮȓȞİȚȆȡȠİȚįȠʌȠȓȘıȘ
Ǿ©ʌȡȠİȚįȠʌȠȓȘıȘªİʌȚıȘȝĮȓȞİȚİȞȑȡȖİȚİȢȒįȚĮįȚțĮıȓİȢȠȚȠʌȠȓİȢĮȞįİȞ
ȖȓȞȠȣȞʌȡȠıİțIJȚțȐʌȠȡİȓȞĮİʌȘȡİȐıȠȣȞIJȘȞĮıijȐȜİȚĮIJȦȞʌȡȠıȫʌȦȞȒ
IJȦȞȣȜȚțȫȞ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ȈȪȞIJȠȝȘʌİȡȚȖȡĮijȒ
ȅȚıİȡȕȠȝȘȤĮȞȚıȝȠȓ$80$IJȠȣIJȪʌȠȣ6$±6$6$5±
6$5ȠįȘȖȠȪȞIJĮȚĮʌȩȑȞĮȞȘȜİțIJȡȚțȩțȚȞȘIJȒȡĮțĮȚİȜȑȖȤȠȞIJĮȚĮʌȩ
ȑȞĮȞİȜİȖțIJȒ$80$0$7,&$0ȠȠʌȠȓȠȢʌİȡȚȜĮȝȕȐȞİIJĮȚıIJȘȞ
ʌĮȡȐįȠıȘ
ǼʌȓıȘȢʌİȡȚȜĮȝȕȐȞİIJĮȚȑȞĮȢIJȡȠȤȩȢȖȚĮȤİȚȡȠțȓȞȘIJȘȜİȚIJȠȣȡȖȓĮIJȠȣ
ıİȡȕȠȝȘȤĮȞȚıȝȠȪ
ȅʌİȡȚȠȡȚıȝȩȢIJȠȣȠȡȓȠȣIJȘȢįȚĮįȡȠȝȒȢİʌȚIJȣȖȤȐȞİIJĮȚȝȑıȦįȚĮțȠʌIJȫȞțĮȚ
ıIJȚȢįȪȠIJİȡĮIJȚțȑȢșȑıİȚȢǾȡȪșȚıȘIJȘȢȡȠʌȒȢİȓȞĮȚİʌȓıȘȢįȣȞĮIJȒțĮȚ
ıIJȚȢįȪȠIJİȡȝĮIJȚțȑȢșȑıİȚȢȅIJȡȩʌȠȢıIJİȖĮȞȠʌȠȓȘıȘȢȠȡȓȗİIJĮȚĮʌȩIJȠȞ
țĮIJĮıțİȣĮıIJȒIJȘȢȕĮȜȕȓįĮȢ
ȀĮȚȠıİȡȕȠȝȘȤĮȞȚıȝȩȢʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞțĮȚȠİȜİȖțIJȒȢȑȤȠȣȞ
ĮȡșȡȦIJȩıȤİįȚĮıȝȩįȘȜĮįȒİȓȞĮȚıȤİįȚĮıȝȑȞȠȚıİıȣȝijȦȞȓĮȝİIJȚȢĮȡȤȑȢ
ʌȠȣįȚȑʌȠȣȞȑȞĮĮȡșȡȦIJȩıȪıIJȘȝĮıȤİįȚĮıȝȠȪǹȣIJȩıȘȝĮȓȞİȚȩIJȚțȐșİ
ıİȡȕȠȝȘȤĮȞȚıȝȩȢȒțȐșİİȜİȖțIJȒȢțĮIJĮıțİȣȐȗȠȞIJĮȚțĮȚıȣȞįȣȐȗȠȞIJĮȚȖȚĮ
ȝȓĮıȣȖțİțȡȚȝȑȞȘĮʌȠıIJȠȜȒĮȣIJȠȝĮIJȚıȝȠȪIJȘȢȕĮȜȕȓįĮȢȅțȐșİĮȡȚșȝȩȢ
ʌĮȡĮȖȖİȜȓĮȢȠȠʌȠȓȠȢİȓȞĮȚIJȣʌȦȝȑȞȠȢıIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩĮȞIJȚıIJȠȚȤİȓ
ıIJȠȞİȜİȖțIJȒIJȠȣıȣȖțİțȡȚȝȑȞȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪǹȣIJȩȢȠĮȡȚșȝȩȢ
ʌĮȡĮȖȖİȜȓĮȢ&RPPLVVLRQ1RȝʌȠȡİȓȞĮȤȡȘıȚȝȠʌȠȚȘșİȓȫıIJİȞĮ
țĮIJİȕȐıİIJİĮʌȩIJȠįȚĮįȓțIJȣȠIJȠıȣȖțİțȡȚȝȑȞȠȘȜİțIJȡȠȜȠȖȚțȩıȤȑįȚȠIJȠȣ
ıİȡȕȠȝȘȤĮȞȚıȝȠȪIJȠijȪȜȜȠİȜȑȖȤȠȣIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪȒȠʌȠȚĮįȒʌȠIJİ
ȐȜȜȘʌȜȘȡȠijȠȡȓĮĮʌȩIJȘȞȚıIJȠıİȜȓįĮKWWSZZZDXPDFRP
ĬȑıȘıİȜİȚIJȠȣȡȖȓĮ
ȆĮȡĮțĮȜȫıȘȝİȚȫıIJİȩIJȚȖȚĮȑțįȠıȘȤĮȝȘȜȒȢșİȡȝȠțȡĮıȓĮȢ±&Ƞ
İȜİȖțIJȒȢȤȡİȚȐȗİIJĮȚȑȞĮįȚȐıIJȘȝĮʌȡȠșȑȡȝĮȞıȘȢ
ǹȣIJȩIJȠȤȡȠȞȚțȩįȚȐıIJȘȝĮʌȡȠșȑȡȝĮȞıȘȢİijĮȡȝȩȗİIJĮȚıIJȘȞʌİȡȓʌIJȦıȘ
ʌȠȣȠıİȡȕȠȝȘȤĮȞȚıȝȩȢțĮȚȠİȜİȖțIJȒȢįİȞİȓȞĮȚİȞțȚȞȒıİȚțĮȚȑȤȠȣȞ
țȡȣȫıİȚĮȞȐȜȠȖĮȝİIJȘȞİȟȦIJİȡȚțȒșİȡȝȠțȡĮıȓĮȈİʌİȡȓʌIJȦıȘʌȠȣȘșȑıȘ
ıİȜİȚIJȠȣȡȖȓĮʌȡȑʌİȚȞĮȖȓȞİȚȣʌȩĮȣIJȑȢIJȚȢıȣȞșȒțİȢʌȡȑʌİȚȞĮIJȘȡȘșȠȪȞ
ȠȚʌĮȡĮțȐIJȦȤȡȩȞȠȚʌȡȠșȑȡȝĮȞıȘȢ
PLQıݱ&
PLQıݱ&
ȈȤȑįȚȠȈȤİįȚȐȖȡĮȝȝĮȤȡȩȞȠȣșȑȡȝĮȞıȘȢ
W >PLQ@
n n n n n n * >&@
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȉİȤȞȚțȐȤĮȡĮțIJȘȡȚıIJȚțȐ
ȋĮȡĮțIJȘȡȚıIJȚțȐțĮȚȜİȚIJȠȣȡȖȓİȢ
ȉȪʌȠȢȜİȚIJȠȣȡȖȓĮȢ 6WDQGDUG 6$ ȕȡĮȤȣʌȡȩșİıȝȘȜİȚIJȠȣȡȖȓĮ 6PLQ
6$5 įȚĮțȠʌIJȩȝİȞȘȜİȚIJȠȣȡȖȓĮ 6
ȆȡȠĮȚȡİIJȚțȐ6$ ȕȡĮȤȣʌȡȩșİıȝȘȜİȚIJȠȣȡȖȓĮ 6PLQ
6$5 įȚĮțȠʌIJȩȝİȞȘȜİȚIJȠȣȡȖȓĮ 6
įȚĮțȠʌIJȩȝİȞȘȜİȚIJȠȣȡȖȓĮ 6
ȀȚȞȘIJȒȡİȢ 6WDQGDUG ȀȚȞȘIJȒȡĮȢSK$&ĮıȪȖȤȡȠȞȠȢțȚȞȘIJȒȡĮȢIJȪʌȠȣ,0%ıȪȝijȦȞĮȝİ,(&
ȆȡȠĮȚȡİIJȚțȐǼȚįȚțȠȓțȚȞȘIJȒȡİȢ
ȀȜȐıȘȝȩȞȦıȘȢ )IJȡȠʌȚțȒ
+IJȡȠʌȚțȒ
ȆȡȠıIJĮıȓĮțȚȞȘIJȒȡĮ 6WDQGDUG ĬİȡȝȠįȚĮțȩʌIJİȢ1&
ȆȡȠĮȚȡİIJȚțȐ37&șİȡȝȓıIJȠȡıȪȝijȦȞĮȝİ',1
ǹȣIJȠĮıijȐȜȚıȘ ȃĮȚȖȚĮIJĮȤȪIJȘIJİȢİȟȩįȠȣĮʌȩȝȑȤȡȚUSP
ǻȚĮțȩʌIJİȢȠȡȓȦȞ ȂİIJȡȘIJȚțȩȢȝȘȤĮȞȚıȝȩȢȖȡĮȞĮȗȚȫȞȖȚĮIJİȡȝĮIJȚțȑȢșȑıİȚȢȀȁǼǿȈȉȅțĮȚǹȃȅǿȋȉȅ
ĮʌȩȝȑȤȡȚıIJȡȠijȑȢĮȞȐįȚĮįȡȠȝȒʌȡȠĮȚȡİIJȚțȐȖȚĮȝȑȤȡȚıIJȡȠijȑȢĮȞȐįȚĮįȡȠȝȒ
6WDQGDUG ȂȠȞȩȢįȚĮțȩʌIJȘȢ1&țĮȚ12ȖȚĮțȐșİIJİȡȝĮIJȚțȒșȑıȘ
ȆȡȠĮȚȡİIJȚțȐǻȓįȣȝȠȢįȚĮțȩʌIJȘȢ1&țĮȚ12ȖȚĮțȐșİIJİȡȝĮIJȚțȒșȑıȘįȚĮțȩʌIJİȢȖĮȜȕĮȞȚțȐįȚĮȤȦȡȚıȝȑȞȠȚ
ȉȡȚʌȜȩȢįȚĮțȩʌIJȘȢ1&țĮȚ12ȖȚĮțȐșİIJİȡȝĮIJȚțȒșȑıȘįȚĮțȩIJʌİȢȖĮȜȕĮȞȚțȐįȚĮȤȦȡȚıȝȑȞȠȚ
ǻȚĮțȩʌIJȘȢİȞįȚȐȝİıȘȢșȑıȘȢįȚĮțȩʌIJȘȢIJȪʌȠȣ'82ȡȣșȝȚȗȩȝİȞȠȢıİȠʌȠȚĮįȒʌȠIJİİȞįȚȐȝİıȘ
șȑıȘ
ǻȚĮțȩʌIJİȢȡȠʌȒȢ ǹʌİȓȡȦȢȡȣșȝȚȗȩȝİȞȠȚįȚĮțȩʌIJİȢȡȠʌȒȢȖȚĮțĮIJİȪșȣȞıȘǹȃȅǿȋȉȅțĮȚȀȁǼǿȈȉȅ
6WDQGDUG ȂȠȞȩȢįȚĮțȩʌIJȘȢ1&țĮȚ12ȖȚĮțȐșİțĮIJİȪșȣȞıȘ
ȆȡȠĮȚȡİIJȚțȐǻȓįȣȝȠȢįȚĮțȩʌIJȘȢ1&țĮȚ12ȖȚĮțȐșİțĮIJİȪșȣȞıȘįȚĮțȩʌIJİȢȖĮȜȕĮȞȚțȐ
įȚĮȤȦȡȚıȝȑȞȠȚ
ȈȒȝĮșȑıȘȢĮȞȐįȡĮıȘȢĮȞĮȜȠȖȚțȩ ȆȠIJİȞıȚȩȝİIJȡȠȒP$5:*
ʌȡȠĮȚȡİIJȚțȐ īȚĮʌİȡȚııȩIJİȡİȢȜİʌIJȠȝȑȡİȚİȢįİȓIJİȟİȤȦȡȚıIJȐIJİȤȞȚțȐijȪȜȜĮ
ȂȘȤĮȞȚțȩȢįİȓțIJȘȢșȑıȘȢ ȈȣȞİȤȒȢȑȞįİȚȟȘȡȣșȝȚȗȩȝİȞȠȢįȓıțȠȢȑȞįİȚȟȘȢȝİıȪȝȕȠȜĮǹȃȅǿȋȉȅțĮȚȀȁǼǿȈȉȅ
ʌȡȠĮȚȡİIJȚțȐ
DzȞįİȚȟȘȜİȚIJȠȣȡȖȓĮȢ ȂİIJĮįȩIJȘȢȝİȑȞįİȚȟȘʌȠȣĮȞĮȕȠıȕȒȞİȚVWDQGDUGȖȚĮ6$ʌȡȠĮȚȡİIJȚțȐȖȚĮ6$5
ĬİȡȝĮȞIJȒȡĮȢıIJȠȤȫȡȠIJȦȞįȚĮțȠʌIJȫȞ 6WDQGDUG ĬİȡȝĮȞIJȒȡĮȢIJȪʌȠȣĮȞIJȓıIJĮıȘȢȝİ:9'&
ȆȡȠĮȚȡİIJȚțȐǹȣIJȠȡȣșȝȚȗȩȝİȞȠȢ37&șİȡȝĮȞIJȒȡĮȢ:
9$&'&9$&'&RU9$&
ĬİȡȝĮȞIJȒȡĮȢțȚȞȘIJȒȡĮȆȡȠĮȚȡİIJȚțȐ 6$5 :
6$5 :
6$5 :
ȋİȚȡȠțȓȞȘIJȘȜİȚIJȠȣȡȖȓĮ ȋİȚȡȠțȓȞȘIJȘțĮșȠįȒȖȘıȘȖȚĮȡȪșȝȚıȘțĮȚȜİȚIJȠȣȡȖȓĮİʌİȓȖȠȣıĮȢĮȞȐȖțȘȢȠȤİȚȡȠIJȡȠȤȩȢįİȞȖȣȡȓȗİȚțĮIJȐIJȘ
įȚȐȡțİȚĮIJȘȢȘȜİțIJȡȚțȒȢȜİȚIJȠȣȡȖȓĮȢ
ȆȡȠĮȚȡİIJȚțȐȀȜİȓįȦȝĮȤİȚȡȠIJȡȠȤȠȪ
ȈȪȞįİıȘȝİIJȠȞİȜİȖțIJȒ $80$ȆȡȓȗĮȕȪıȝĮıȪȞįİıȘȢȝİĮțȡȠįȑțIJİȢȝİȕȓįİȢ
ȉȪʌȠȚıȪȞįİıȘȢĮȟȩȞȦȞijȜȐȞIJȗĮȢ $%%%%ıȪȝijȦȞĮȝİ(1,62
$%'(ıȪȝijȦȞĮȝİ',1
&ıȪȝijȦȞĮȝİ',1
ǼȚįȚțȠȓIJȪʌȠȚıȪȞįİıȘȢ$)$.$*,%,%
ǾȜİțIJȡȚțȒʌĮȡȠȤȒıȣȤȞȩIJȘIJĮțİȞIJȡȚțȒȢ īȚĮIJȘȞIJȐıȘțĮȚıȣȤȞȩIJȘIJĮțİȞIJȡȚțȒȢʌĮȡȠȤȒȢįİȓIJİIJȘȞʌȚȞĮțȓįĮıIJȠȞİȜİȖțIJȒțĮȚıIJȠȞțȚȞȘIJȒȡĮ
ʌĮȡȠȤȒȢțĮȚțĮIJĮȞȐȜȦıȘȡİȪȝĮIJȠȢ ǼʌȚIJȡİʌIJȒĮʌȩțȜȚıȘĮʌȩIJȘȞȠȞȠȝĮıIJȚțȒIJȐıȘ
ǼʌȚIJȡİʌIJȒĮʌȩțȜȚıȘĮʌȩIJȘȞıȣȤȞȩIJȘIJĮIJȘȢțİȞIJȡȚțȒȢʌĮȡȠȤȒȢ
ȀĮIJĮȞȐȜȦıȘȡİȪȝĮIJȠȢțȚȞȘIJȒȡĮĮȞĮijȑȡİIJĮȚıIJȘȞʌȚȞĮțȓįĮIJȠȣțȚȞȘIJȒȡĮ
ȀĮIJĮȞȐȜȦıȘȡİȪȝĮIJȠȢIJȦȞİȜİȖțIJȫȞİȟĮȡIJȫȝİȞȘĮʌȩIJȘȞIJȐıȘIJȘȢțȪȡȚĮȢʌĮȡȠȤȒȢ
WR9$& PD[P$
WR9$& PD[P$
WR9$& PD[P$
ǼȟȦIJİȡȚțȒʌĮȡȠȤȒIJȐıȘȢIJȦȞ 9'&
ȘȜİțIJȡȠȞȚțȫȞʌȡȠĮȚȡİIJȚțȐ ȆĮȡĮIJȘȡİȓıIJİIJȘȞțĮIJĮȞȐȜȦıȘȡİȪȝĮIJȠȢIJȘȢȝȠȞȐįĮȢİȜȑȖȤȠȣ
ȀȜȐıȘǿıȤȪȠȢ ǹȞĮijȑȡİIJĮȚıIJȘȞʌȚȞĮțȓįĮIJȠȣțȚȞȘIJȒȡĮ
ȈȘȝİȓȦıȘȅİȜİȖțIJȒȢİȓȞĮȚıȤİįȚĮıȝȑȞȠȢȖȚĮIJȘȞțȜȐıȘȚıȤȪȠȢIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪ
ȀĮIJȘȖȠȡȓĮȣʌȑȡIJĮıȘȢ &DWHJRU\,,,ȀĮIJȘȖȠȡȓĮǿǿǿ
ȇİȜȑĮȞĮıIJȡȠijȒȢijȐıȘȢ 6WDQGDUG ǼʌĮijȑȢĮȞĮıIJȡȠijȒȢijȐıȘȢȝȘȤĮȞȚțȐțĮȚȘȜİțIJȡȚțȐĮȜȜȘȜȠıȣȞįİįİȝȑȞȠȚ
ȖȚĮȚıȤȪțȚȞȘIJȒȡĮȝȑȤȡȚN:
ȆȡȠĮȚȡİIJȚțȐǼʌĮijȑȢĮȞĮıIJȡȠijȒȢijȐıȘȢȝȘȤĮȞȚțȐțĮȚȘȜİțIJȡȚțȐĮȜȜȘȜȠıȣȞįİįİȝȑȞȠȚȖȚĮ
ȠȞȠȝĮıIJȚțȩȡİȪȝĮțȚȞȘIJȒȡĮȝȑȤȡȚ$ȜİȚIJȠȣȡȖȓĮǹȃȅǿīȂǹȉȅȈ±ȀȁǼǿȈǿȂǹȉȅȈȒ$
ȡȣșȝȚıIJȚțȒȜİȚIJȠȣȡȖȓĮ
ȂȠȞȐįĮWK\ULVWRUıȣȞȚıIJȐIJĮȚȖȚĮȡȣșȝȚıIJȚțȠȪȢıİȡȕȠȝȘȤĮȞȚıȝȠȪȢ
ȖȚĮȚıȤȪțȚȞȘIJȒȡĮȝȑȤȡȚN:9$&ȝİİıȦIJİȡȚțȑȢĮıijȐȜİȚİȢ
ȖȚĮȚıȤȪțȚȞȘIJȒȡĮȝȑȤȡȚN:9$&ĮʌĮȚIJȠȪȞIJĮȚİȟȦIJİȡȚțȑȢĮıijȐȜİȚİȢ
ǺĮıȚȗȩȝİȞȠȚıİșİȡȝȠțȡĮıȓĮʌİȡȚȕȐȜȜȠȞIJȠȢ&țĮȚıİȑȞĮȝȑıȠijȠȡIJȓȠȝİIJȡȑȤȠȣıĮȡȠʌȒıȪȝijȦȞĮȝİIJĮIJİȤȞȚțȐȤĮȡĮțIJȘȡȚıIJȚțȐIJȦȞ6$Ȓ6$5
ȅȤȡȩȞȠȢȗȦȒȢİȖȖȪȘıȘȢʌȠȣįȓȞİIJĮȚĮʌȩIJȠȞțĮIJĮıțİȣĮıIJȒİȓȞĮȚIJȠİȜȐȤȚıIJȠİțĮIJȠȝȪȡȚĮțȪțȜȠȚǹȞʌȡȩțİȚIJĮȚȞĮȣʌȐȡȟİȚȝİȖĮȜȪIJİȡȠȢĮȡȚșȝȩȢțȪțȜȦȞ
ȜİȚIJȠȣȡȖȓĮȢȝȠȞȐįİȢWK\ULVWRUȝİıȤİįȩȞĮʌİȡȚȩȡȚıIJȠȤȡȩȞȠȗȦȒȢʌȡȑʌİȚȞĮȤȡȘıȚȝȠʌȠȚȘșȠȪȞ
ǹįȪȞĮIJȠıİıȣȞįȣĮıȝȩȝİıȣıțİȣȒİȞİȡȖȠʌȠȓıȘȢ37&
Σερβομηχανισμοί πολλαπλών περιστροφών SA 07.1 – SA 30.1/SAR 07.1 – SAR 30.1
Οδηγίες λειτουργίας Με μονάδες ελέγχου AUMA MATIC AM 01.1/AM 02.1
Έλεγχοι Standard: Σήματα εισόδου ελέγχου 24 V DC, ΑΝΟΙΓΜΑ - ΣΤΟΠ - ΚΛΕΙΣΙΜΟ (μέσω οπτο-απομονωτή,
με έναν κοινό αγωγό), κατανάλωση ρεύματος: περίπου 10 mA ανά είσοδο. Παρατηρείστε
ελάχιστη διάρκεια παλμού για ρυθμιστικούς σερβομηχανισμούς
Προαιρετικά: Σήματα εισόδου ελέγχου 220 V AC, ΑΝΟΙΓΜΑ - ΣΤΟΠ - ΚΛΕΙΣΙΜΟ (μέσω οπτο-
απομονωτή, με έναν κοινό αγωγό), κατανάλωση ρεύματος: περίπου 15 mA ανά είσοδο.
Σήματα εξόδου Standard: 5 ρελέ εξόδου με επίχρυσες επαφές:
4 επαφές NO ελεύθερες δυναμικού με έναν κοινό αγωγό:
μέγιστο 250 V AC, 0,5 A (φορτίο ωμικό)
Standard διάταξη:
Τελική θέση ΑΝΟΙΧΤΟ, τελική θέση ΚΛΕΙΣΤΟ, επιλεκτικός διακόπτης σε
απομακρυσμένο έλεγχο, επιλεκτικός διακόπτης σε τοπικό έλεγχο
1 επαφή εναλλαγής ελεύθερης δυναμικού, max. 250 V AC, 0,5 A (ωμικό φορτίο)
για συγκεντρωτικό σήμα σφάλματος
Standard διάταξη:
Σφάλμα ροπής, απώλεια φάσης, ενεργοποίηση προστασίας κινητήρα.
Προαιρετικά: Σήματα σε σχέση με τον ρυθμιστή θέσης:
Τελική θέση ΑΝΟΙΧΤΟ, τελική θέση ΚΛΕΙΣΤΟ
(απαιτείται επιλεκτικός διακόπτης τύπου tandem μέσα στον σερβομηχανισμό)
επιλεκτικός διακόπτης σε απομακρυσμένο έλεγχο, επιλεκτικός διακόπτης σε τοπικό
έλεγχο μέσω 2ου επιπέδου επιλεκτικού διακόπτη
1 επαφή εναλλαγής ελεύθερης δυναμικού, max. 250 V AC, 0,5 A (ωμικό φορτίο)
Για συγκεντρωτικό σήμα σφάλματος :
Σφάλμα ροπής, απώλεια φάσης, ενεργοποίηση προστασίας κινητήρα.
Ρεύμα εξόδου Standard: Βοηθητική τάση 24 V DC, max. 50 mA για τροφοδοσία των σημάτων εισόδου ελέγχου,
γαλβανικά απομονωμένα από την παροχή εσωτερικής τάσης
Προαιρετικά: Βοηθητική τάση 115 V AC, max. 30 mA για τροφοδοσία των σημάτων εισόδου ελέγχου3),
γαλβανικά απομονωμένα από την παροχή εσωτερικής τάσης
3)
Τοπικό χειριστήριο Standard: Διακόπτης επιλογής ΤΟΠΙΚΑ - ΕΚΤΟΣ - ΑΠΟΜΑΚΡΥΣΜΕΝΑ (κλειδώνει σε κάθε μια από τις τρεις θέσεις)
Κομβία ΑΝΟΙΓΜΑ - ΣΤΟΠ - ΚΛΕΙΣΙΜΟ
3 λυχνίες ένδειξης:
Τελική θέση ΚΛΕΙΣΤΟ (κίτρινη), συγκεντρωτικό σήμα σφάλματος (κόκκινη),
τερματική θέση ΑΝΟΙΧΤΟ (πράσινη)
Προαιρετικά: Κάλυμμα προστασίας, δυνατότητα κλειδώματος
Λειτουργίες Standard: Ρυθμιζόμενη κατάσταση διακοπής λειτουργίας
Καθορισμός είτε από όρια διαδρομής ή ροπής για τερματική θέση ΑΝΟΙΧΤΟ και τερματική θέση ΚΛΕΙΣΤΟ
Προστασία υπερφόρτωσης έναντι υπερβολικών ροπών σε όλη τη διάρκεια της διαδρομής
Υπερφόρτωση από υπερβολική ροπή (σφάλμα ροπής) μπορεί να αποκλειστεί από το σήμα
συγκεντρωτικού σφάλματος
Επιτήρηση της απώλειας φάσης με αυτόματη διόρθωση φάσης
Λειτουργία με πάτημα κομβίου ή αυτό-διατηρούμενη στη θέση ΑΠΟΜΑΚΡΥΣΜEΝΑ
Λειτουργία με πάτημα κομβίου ή αυτό-διατηρούμενη στη θέση ΤΟΠΙΚΑ
Η επαφή ένδειξης λειτουργίας του σερβομηχανισμού που αναβοσβήνει μπορεί να ενεργοποιηθεί ή να
απενεργοποιηθεί (προαιρετικά)
Προαιρετικά: Ρυθμιστής θέσης4):
Τιμή ονομαστικής θέσης μέσω αναλογικού σήματος εισόδου E1 = 0/4 - 20 mA
Ρυθμιζόμενη συμπεριφορά σε περίπτωση απώλειας σήματος
Ρυθμιζόμενη ευαισθησία (νεκρή ζώνη) και χρόνος παύσης
Λειτουργία διαχωρισμού εύρους
Εκτίμηση προστασίας κινητήρα Standard: Επιτήρηση της θερμοκρασίας του κινητήρα σε συνδυασμό με θερμοδιακόπτες στον κινητήρα του
σερβομηχανισμού
Προαιρετικά: Επιπρόσθετο θερμικό ρελέ υπερφόρτωσης στους ελεγκτές σε συνδυασμό με θερμοδιακόπτες μέσα
στον σερβομηχανισμό
Συσκευή ενεργοποίησης PTC σε συνδυασμό με PTC θερμίστορ μέσα στον κινητήρα του σερβομηχανισμού
Ηλεκτρικές συνδέσεις Standard: AUMA βύσμα / πρίζα με ακροδέκτες με βιδωτές συνδέσεις
Προαιρετικά: Επιτοίχιο πλαίσιο στήριξης για τοποθέτηση του αποσυνδεδεμένου βύσματος
Κάλυμμα προστασίας για χώρο ακροδεκτών όταν αποσυνδέεται το βύσμα
Σπειρώματα στυπιοθληπτών Standard: Μετρητικά σπειρώματα
Προαιρετικά: Pg-σπειρώματα, NPT-σπειρώματα, G-σπειρώματα
Ηλεκτρολογικό σχεδιάγραμμα Το ηλεκτρολογικό σχεδιάγραμμα σύμφωνα με το commission του σερβομηχανισμού περιλαμβάνεται στην παράδοση
Περαιτέρω προαιρετικός εξοπλισμός για έκδοση με RWG μέσα στον σερβομηχανισμό
Σήμα πραγματικής θέσης Αναλογικό σήμα εξόδου E2 = 0/4 - 20 mA (φορτίο max. 500 Ω)
(προαιρετικά)
7
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȈȣȞșȒțİȢȜİȚIJȠȣȡȖȓĮȢ
ȆȡȠıIJĮıȓĮıȪȝijȦȞĮȝİIJȠ 6WDQGDUG ,3
ʌȡȩIJȣʌȠ(1 ȆȡȠĮȚȡİIJȚțȐ,3
,3'6ǻȚʌȜȒıIJİȖĮȞȠʌȠȓȘıȘ
,3'6ǻȚʌȜȒıIJİȖĮȞȠʌȠȓȘıȘ
ǻȚʌȜȒıIJİȖĮȞȠʌȠȓȘıȘ ȋȫȡȠȢȘȜİțIJȡȚțȒȢıȪȞįİıȘȢıIJİȖĮȞȠʌȠȚȘȝȑȞȠȢİʌȚʌȡȠıșȑIJȦȢȑȞĮȞIJȚ
İıȦIJİȡȚțȠȪ
ǹȞIJȚįȚĮȕȡȦIJȚțȒʌȡȠıIJĮıȓĮ 6WDQGDUG .1 ȀĮIJȐȜȜȘȜȘȖȚĮİȖțĮIJȐıIJĮıȘıİȕȚȠȝȘȤĮȞȚțȑȢȝȠȞȐįİȢ
ıİİȡȖȠıIJȐıȚĮȞİȡȠȪȒĮIJȝȠȘȜİțIJȡȚțȠȪȢıIJĮșȝȠȪȢȝİȤĮȝȘȜȒıȣȖțȑȞIJȡȦıȘȡȪʌȦȞ
ȆȡȠĮȚȡİIJȚțȐ .6 ȀĮIJȐȜȜȘȜȘȖȚĮİȖțĮIJȐıIJĮıȘıİʌİȡȚıIJĮıȚĮțȐȒȝȩȞȚȝĮİʌȚșİIJȚțȩʌİȡȚȕȐȜȜȠȞȝİȝȑIJȡȚĮ
ıȣȖțȑȞIJȡȦıȘȡȪʌȦȞ
ʌȤıİȕȚȠȜȠȖȚțȠȪȢțĮșĮȡȚıȝȠȪȢȤȘȝȚțȒȕȚȠȝȘȤĮȞȓĮ
.; ȀĮIJȐȜȜȘȜȘȖȚĮİȖțĮIJȐıIJĮıȘıİİȟĮȚȡİIJȚțȐİʌȚșİIJȚțȩʌİȡȚȕȐȜȜȠȞȝİȣȥȘȜȒȣȖȡĮıȓĮțĮȚȣȥȘȜȒ
ıȣȖțȑȞIJȡȦıȘȡȪʌȦȞ
.;* ǵʌȦȢȘ.;ĮȜȜȐȑțįȠıȘȤȦȡȓȢĮȜȠȣȝȓȞȚȠIJĮİȟȦIJİȡȚțȐȝȑȡȘ
ǼʌȓıIJȡȦıȘȕĮijȒȢ 6WDQGDUG ȈȣȞįȣĮıȝȩȢįȪȠıȣıIJĮIJȚțȫȞLURQPLFD
6WDQGDUGȤȡȫȝĮ 6WDQGDUG īțȡȚ'%ȩʌȦȢIJȠ5$/
ȆȡȠĮȚȡİIJȚțȐ DZȜȜĮȤȡȫȝĮIJĮțĮIJȩʌȚȞȗȒIJȘıȘȢ
ĬİȡȝȠțȡĮıȓĮʌİȡȚȕȐȜȜȠȞIJȠȢ 6WDQGDUG 6$ ±&WR&
6$5 ±&WR&
ȆȡȠĮȚȡİIJȚțȐ ±&WR&ȑțįȠıȘȤĮȝȘȜȒȢșİȡȝȠțȡĮıȓĮȢ
±&WR&İȟĮȚȡİIJȚțȐȤĮȝȘȜȒșİȡȝȠțȡĮıȓĮıȣȝʌİȡȚȜĮȝȕĮȞȠȝȑȞȠȣıȣıIJȒȝĮIJȠȢșȑȡȝĮȞıȘȢ
±&WR&İȟĮȚȡİIJȚțȐȤĮȝȘȜȒșİȡȝȠțȡĮıȓĮıȣȝʌİȡȚȜĮȝȕĮȞȠȝȑȞȠȣıȣıIJȒȝĮIJȠȢșȑȡȝĮȞıȘȢ
ǹȞIJȓıIJĮıȘįȩȞȘıȘȢıȪȝijȦȞĮ JĮʌȩ+]ȝȑȤȡȚ+]
ȝİ,(& ǹȞIJȓıIJĮıȘıIJȚȢįȠȞȒıİȚȢțĮIJȐIJȘįȚȐȡțİȚĮİțțȓȞȘıȘȢȒȖȚĮĮʌȠIJȣȤȓİȢıIJȚȢİȖțĮIJĮıIJȐıİȚȢȆĮȡ¶ȩȜĮĮȣIJȐȝȓĮįȪȞĮȝȘ
țȩʌȦıȘȢȝʌȠȡİȓȞĮȝȘȞʌȡȠȑȡȤİIJĮȚĮʌȩĮȣIJȩIJȠȜȩȖȠ
ǹʌİȣșȪȞİIJĮȚıİıİȡȕȠȝȘȤĮȞȚıȝȩȝİİȜİȖțIJȒıİȡȕȠȝȘȤĮȞȚıȝȠȪįİȞȚıȤȪİȚıİıȣȞįȣĮıȝȩȝİȝİȚȦIJȒȡİȢ
īȚĮIJȡȚijĮıȚțȠȪȢĮıȪȤȡȠȞȠȣȢțȚȞȘIJȒȡİȢıIJȘȞʌȡȠıIJĮıȓĮ,3ıȣȞȚıIJȐIJĮȚȣȥȘȜȩIJİȡȘĮȞIJȚįȚĮȕȡȦIJȚțȒʌȡȠıIJĮıȓĮIJȪʌȠȣ.6Ȓ.;ǼʌȚʌȡȠıșȑIJȦȢȖȚĮ
ʌȡȠıIJĮıȓĮ,3ıȣȞȚıIJȐIJĮȚȞĮȤȡȘıȚȝȠʌȠȚİȓIJĮȚȠįȚʌȜȐıIJİȖĮȞȠʌȠȚȘȝȑȞȠȢȤȫȡȠȢIJİȡȝĮIJȚțȫȞIJȪʌȠȣ'6
īȚĮİȚįȚțȠȪȢțȚȞȘIJȒȡİȢȠIJȪʌȠȢʌȡȠıIJĮıȓĮȢʌȠȣʌĮȡȑȤİIJĮȚĮȞĮȖȡȐijİIJĮȚıIJȘȞʌȚȞĮțȓįĮ
ȅȤȡȩȞȠȢȗȦȒȢIJȦȞȡȣșȝȚıIJȚțȫȞıİȡȕȠȝȘȤĮȞȚıȝȫȞİȟĮȡIJȐIJĮȚĮʌȩIJȠijȠȡIJȓȠțĮȚIJȦȞĮȡȚșȝȩIJȦȞİțțȚȞȒıİȦȞȂȓĮȣȥȘȜȒıȣȤȞȩIJȘIJĮİțțȓȞȘıȘȢıʌĮȞȓȦȢșĮ
ȕİȜIJȚȫıİȚIJȘȞȡȣșȝȚıIJȚțȒĮțȡȓȕİȚĮīȚĮȞĮİʌȚIJİȣȤșİȓıȣȞIJȒȡȘıȘıIJȠĮʌȫIJİȡȠįȣȞĮIJȩȞįȚȐıIJȘȝĮțĮȚȤȡȩȞȠȢȜİȚIJȠȣȡȖȓĮȢȤȦȡȓȢıijȐȜȝĮIJĮȠĮȡȚșȝȩȢIJȦȞ
İțțȚȞȒıİȦȞĮȞȐȫȡĮʌȡȑʌİȚȞĮİȓȞĮȚȠȜȚȖȩIJİȡȠİʌȚIJȡİʌIJȩȢȖȚĮIJȘȞįȚĮįȚțĮıȓĮ
ȉȠȝȒțȠȢIJȠȣțĮȜȦįȓȠȣȝİIJĮȟȪIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪțĮȚIJȘȢȝȠȞȐįĮȢİȜȑȖȤȠȣ$80$0$7,&İȓȞĮȚPD[PǻİȞİȓȞĮȚțĮIJȐȜȜȘȜȠȖȚĮȑțįȠıȘȝİ
ʌȠIJİȞıȚȩȝİIJȡȠȝȑıĮıIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩǹȞIJȓIJȠȣʌȠIJİȞıȚȩȝİIJȡȠȣȑȞĮȢ5:*ʌȡȑʌİȚȞĮȤȡȘıȚȝȠʌȠȚȘșİȓȝȑıĮıIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ǼʌȚʌȡȩıșİIJİȢʌȜȘȡȠijȠȡȓİȢȖȚĮIJȠȘȜİțIJȡȚțȩįȚȐȖȡĮȝȝĮ
ȆȜȘȡȠijȠȡȓĮ$
ȂȚĮȑȞįİȚȟȘȜİȚIJȠȣȡȖȓĮȢİȓȞĮȚįȣȞĮIJȒĮȞİȖțĮIJĮıIJĮșİȓȑȞĮȢȝİIJĮįȩIJȘȢ
șȑıȘȢ6ȐȞȠȚȖȝĮțĮȚțȜİȓıȚȝȠIJȦȞİʌĮijȫȞ
ȀĮIJİȪșȣȞıȘ&/26(țȜİȚıIJȩ ıȣȞįȑıİȚȢ;.;.
ȀĮIJİȪșȣȞıȘ23(1ĮȞȠȚȤIJȩ ıȣȞįȑıİȚȢ;.;.
ȅȚİʌĮijȑȢʌĮȡĮȝȑȞȠȣȞțȜİȚıIJȑȢıIJȘȞIJİȡȝĮIJȚțȒșȑıȘ
ǵIJĮȞıȣȞįȑıȠȣȝİȑȞĮİȟȦIJİȡȚțȩ3/&IJȠıȒȝĮȑȞįİȚȟȘȢʌȠȣĮȞĮȕȠıȕȒȞİȚ
ȝʌȠȡİȓȞĮĮʌİȞİȡȖȠʌȠȚȘșİȓȝȑıȦ',3įȚĮțȠʌIJȫȞʌȓȞĮțĮȢıİȜȓįĮ
ȆȜȘȡȠijȠȡȓĮ%
ȅIJȡȩʌȠȢıIJİȖĮȞȠʌȠȓȘıȘȢıIJȚȢIJİȡȝĮIJȚțȑȢșȑıİȚȢțĮșȠȡȓȗİIJĮȚĮʌȩIJȠȞ
țĮIJĮıțİȣĮıIJȒIJȘȢȕĮȜȕȓįĮȢǾȡȪșȝȚıȘȖȓȞİIJĮȚıIJȠȣȢįȚĮțȩʌIJİȢ
ʌȡȠȖȡĮȝȝĮIJȚıȝȠȪ6țĮȚ6įİȓIJİıİȜǾİȞİȡȖȠʌȠȓȘıȘIJȠȣ
įȚĮțȩʌIJȘȡȠʌȒȢıİȝȚĮİȞįȚȐȝİıȘșȑıȘıIJĮȝĮIJȐIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩ
țĮȚįȘȝȚȠȣȡȖİȓȑȞĮıȒȝĮıijȐȜȝĮIJȠȢ
ȅȚįȚĮțȩʌIJİȢȠȡȓȦȞȤȡȘıȚȝİȪȠȣȞȖȚĮȑȞįİȚȟȘȩIJĮȞțȜİȓȞȠȣȝİIJȠȞ
ıİȡȕȠȝȘȤĮȞȚıȝȩȝİİȞİȡȖȠʌȠȓȘıȘIJȘȢȡȠʌȒȢȆȡȑʌİȚȞĮȡȣșȝȚıIJȠȪȞȫıIJİ
ȠıȦıIJȩȢįȚĮțȩʌIJȘȢȞĮİȞİȡȖȠʌȠȚȘșİȓȜȓȖȠIJȠȞijIJȐıİȚıIJȘȞIJİȜȚțȒșȑıȘ
ǹȞȠįȚĮțȩʌIJȘȢȡȠʌȒȢİȞİȡȖȠʌȠȚȘșİȓʌȡȚȞIJȠįȚĮțȩʌIJȘȠȡȓȠȣȠ
ıİȡȕȠȝȘȤĮȞȚıȝȩȢıIJĮȝĮIJȐțĮȚįȓįİIJĮȚȑȞĮıȒȝĮıijȐȜȝĮIJȠȢ
īȚĮʌİȡȚııȩIJİȡİȢįȣȞĮIJȩIJȘIJİȢʌȡȠȖȡĮȝȝĮIJȚıȝȠȪʌȤĮȣIJȠıȣȖțȡȐIJȘıȘ
ıIJȘșȑıȘȜİȚIJȠȣȡȖȓĮȢ5(027(įİȓIJİʌȓȞĮțĮıİȜ
ȆȜȘȡȠijȠȡȓĮ'
ȉĮʌĮȡĮțȐIJȦȜȐșȘȑȤȠȣȞțĮIJĮȖȡĮijİȓțĮȚȝʌȠȡȠȪȞȞĮȝİIJĮįȠșȠȪȞıIJȠ
țȑȞIJȡȠİȜȑȖȤȠȣȦȢȑȞĮİȜİȪșİȡȠįȣȞĮȝȚțȠȪıȣȖțİȞIJȡȦIJȚțȩıȒȝĮ
ıijȐȜȝĮIJȠȢ
ǹȞİʌȐȡțİȚĮȚıȤȪȠȢȡİȪȝĮIJȠȢ
ǹȞİʌȐȡțİȚĮijȐıȘȢ
ǼȞİȡȖȠʌȠȓȘıȘʌȡȠıIJĮıȓĮȢțȚȞȘIJȒȡĮ
ǼȞİȡȖȠʌȠȓȘıȘįȚĮțȩʌIJȘȡȠʌȒȢıIJȘȝȑıȘIJȘȢįȚĮįȡȠȝȒȢ
ǹȣIJȩIJȠıȒȝĮȝʌȠȡİȓȞĮıȕȒıİȚıIJȘȞʌȜĮțȑIJĮȜȠȖȚțȒȢįİȓIJİ
ʌȓȞĮțĮıİȜ
ȆȜȘȡȠijȠȡȓĮ(
ȈȒȝĮIJĮİȚıȩįȠȣıȪȝijȦȞĮȝİ',1
ȉȠȠȞȠȝĮıIJȚțȩȡİȪȝĮȜİȚIJȠȣȡȖȓĮȢIJȦȞıȘȝȐIJȦȞİȚıȩįȠȣ;.;.țĮȚ;.
ĮȞIJȚıIJȠȚȤİȓıݱP$ǹȞȘİıȦIJİȡȚțȒȘȜİțIJȡȚțȒIJȐıȘ9'&
ȤȡȘıȚȝȠʌȠȚİȓIJĮȚȖȚĮĮʌȠȝĮțȡȣıȝȑȞȠȑȜİȖȤȠʌȡȑʌİȚȞĮİȓȞĮȚıȣȞįİįİȝȑȞȘ
ȝȑıȦİʌĮijȫȞİȜİȪșİȡȦȞįȣȞĮȝȚțȠȪ
ȆȜȘȡȠijȠȡȓĮ)
ȈİʌİȡȓʌIJȦıȘȜĮȞșĮıȝȑȞȘȢijȐıȘȢĮȜȜȘȜȠȣȤȓĮȢȘțĮIJİȪșȣȞıȘțȓȞȘıȘȢ
ʌȡȠıĮȡȝȩȗİIJĮȚĮȣIJȩȝĮIJĮȈİʌİȡȓʌIJȦıȘĮʌȠIJȣȤȓĮȢIJȘȢijȐıȘȢȠ
ıİȡȕȠȝȘȤĮȞȚıȝȩȢıIJĮȝĮIJȐIJȘȜİȚIJȠȣȡȖȓĮȉȠıijȐȜȝĮșĮįȫıİȚȑȞįİȚȟȘ
ıIJȠ/('9ʌȐȞȦıIJȘȞʌȜĮțȑIJĮįȚĮıȪȞįİıȘȢLQWHUIDFHįİȓIJİıİȜ
īȚĮıȣȖțİȞIJȡȦIJȚțȩıȒȝĮıijȐȜȝĮIJȠȢįİȓIJİʌȜȘȡȠijȠȡȓĮ'
ȆȜȘȡȠijȠȡȓĮ*
ǼʌĮijȑȢİȜİȪșİȡİȢįȣȞĮȝȚțȠȪİȓȞĮȚįȚĮșȑıȚȝİȢȖȚĮıȒȝĮIJĮǾİıȦIJİȡȚțȒ
IJȐıȘİȜȑȖȤȠȣ;.9DQG;.±9įİȞʌȡȑʌİȚȞĮ
.
ȤȡȘıȚȝȠʌȠȚİȓIJĮȚȖȚĮİȟȦIJİȡȚțȑȢȜȐȝʌİȢȡİȜȑțȜʌ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȂİIJĮijȠȡȐĮʌȠșȒțİȣıȘțĮȚıȣıțİȣĮıȓĮ
ȂİIJĮijȠȡȐ
ȂİIJĮijȠȡȐıIJȠȞIJȩʌȠİȖțĮIJȐıIJĮıȘȢȑıĮıİİȞȚıȤȣȑȞȘıȣıțİȣĮıȓĮ
ȂȘįȑȞİIJİıȤȠȚȞȚȐȒȖȐȞIJȗȠȣȢıIJȠȞȤİȚȡȠIJȡȠȤȩȖȚĮĮȞȪȥȦıȘ
ǹȞȠıİȡȕȠȘȤĮȞȚıȩȢʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞİȓȞĮȚIJȠʌȠșİIJȘȑȞȠȢ
ʌȐȞȦıİȕĮȜȕȓįĮıȣȞįȑıIJİıȤȠȚȞȚȐȒȖȐȞIJȗȠȣȢȖȚĮĮȞȪȥȦıȘıIJȘȕĮȜȕȓįĮ
țĮȚȩȤȚıIJȠȞıİȡȕȠȘȤĮȞȚıȩ
ȉȠʌȠșȑIJȘıȘIJȠȣȤİȚȡȠIJȡȠȤȠȪ
īȚĮȜȩȖȠȣȢȝİIJĮijȠȡȐȢȤİȚȡȠIJȡȠȤȠȓįȚĮȝȑIJȡȠȣĮʌȩPPțĮȚʌȐȞȦ
ʌȡȠȝȘșİȪȠȞIJĮȚȟİȤȦȡȚıIJȐ
ǼȝʌȜȑȟIJİIJȘȤİȚȡȠțȓȞȘIJȘȜİȚIJȠȣȡȖȓĮʌȡȚȞIJȠʌȠșİIJȒıİIJİIJȠȞ
ȤİȚȡȠIJȡȠȤȩǹȞįİȞİȝʌȜĮțİȓȘȤİȚȡȠțȓȞȘIJȘȜİȚIJȠȣȡȖȓĮȝʌȠȡİȓ
ȞĮʌȡȠțȜȘșİȓȕȜȐȕȘıIJȠȞȝȘȤĮȞȚıȝȩİȞĮȜȜĮȖȒȢȜİȚIJȠȣȡȖȓĮȢ
ǼȝʌȜȑȟIJİIJȘȤİȚȡȠțȓȞȘIJȘȜİȚIJȠȣȡȖȓĮıȤȑįȚȠ
ǹȞĮıȘțȫıIJİȝİIJȠȤȑȡȚIJȠȞțȩțțȚȞȠȜİȕȚȑȝȠȤȜȩİȞĮȜȜĮȖȒȢİȞȫȖȣȡȞȐIJİ
İȜĮijȡȫȢIJȠȞIJȡȠȤȩįİȟȚȐțĮȚĮȡȚıIJİȡȐȝȑȤȡȚȞĮİȝʌȜĮțİȓȘȤİȚȡȠțȓȞȘIJȘ
ȜİȚIJȠȣȡȖȓĮǾȤİȚȡȠțȓȞȘIJȘȜİȚIJȠȣȡȖȓĮȑȤİȚİȝʌȜĮțİȓıȦıIJȐĮȞȠȝȠȤȜȩȢ
İȞĮȜȜĮȖȒȢȝʌȠȡİȓȞĮĮȞĮıȘțȦșİȓțĮIJȐʌİȡȓʌȠȣ
ǾȤİȚȡȠįȪȞĮȝȘİȓȞĮȚİʌĮȡțȒȢȖȚĮȞĮȜİȚIJȠȣȡȖȒıİȚȠȝȠȤȜȩȢ
İȞĮȜȜĮȖȒȢțȓȞȘıȘȢǻİȞȤȡİȚȐȗİIJĮȚȞĮȤȡȘıȚȝȠʌȠȚȒıİIJİ
ȠʌȠȚĮįȒʌȠIJİȐȜȜȘȝȠȡijȒįȪȞĮȝȘȢȆİȡȚııȩIJİȡȘįȪȞĮȝȘİȓȞĮȚ
ʌȚșĮȞȩȞĮįȘȝȚȠȣȡȖȒıİȚȕȜȐȕȘıIJȠȞȝȘȤĮȞȚıȝȩİȞĮȜȜĮȖȒȢ
ȈȣȞįȑıIJİIJȠȞȤİȚȡȠIJȡȠȤȩʌȐȞȦıIJȠȞțȩțțȚȞȠȝȠȤȜȩİȞĮȜȜĮȖȒȢțȓȞȘıȘȢʌȐȞȦ
ıIJȠȞȐȟȠȞĮıȤȑįȚȠ
ǹıijĮȜȓıIJİIJȠȞȤİȚȡȠIJȡȠȤȩȤȡȘıȚȝȠʌȠȚȫȞIJĮȢIJȘȞʌĮȡİȤȩȝİȞȘĮıijȐȜİȚĮ
ȈȤȑįȚȠ ȈȤȑįȚȠ
²
ǹʌȠșȒțİȣıȘ
ǹʌȠșȘțİȪıIJİıİțĮȜȐĮİȡȚȗȩİȞȠȤȫȡȠȤȦȡȓȢȣȖȡĮıȓĮ
ȆȡȠıIJĮIJȑȥIJİȑȞĮȞIJȚȣȖȡĮıȓĮȢİįȐijȠȣȢĮʌȠșȘțİȪȠȞIJĮȢıİȡȐijȚĮȒ
ʌȐȞȦıİȟȪȜȚȞȘʌĮȜȑIJĮ
ȀĮȜȪȥIJİIJȠȞıİȡȕȠȘȤĮȞȚıȩȖȚĮʌȡȠıIJĮıȓĮĮʌȩıțȩȞȘțĮȚȕȡȦȚȐ
ȋȡȘıȚȝȠʌȠȚȒıIJİțĮIJȐȜȜȘȜȘĮȞIJȚįȚĮȕȡȦIJȚțȒʌȡȠıIJĮıȓĮıIJȚȢțĮIJİȡȖĮıȝȑȞİȢ
İʌȚijȐȞİȚİȢ
ǹȞȠȚıİȡȕȠȘȤĮȞȚıȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞĮʌȠșȘțİȣIJȠȪȞȖȚĮİȖȐȜȠ
įȚȐıIJȘĮʌȐȞȦĮʌȩȒȞİȢIJĮʌĮȡĮțȐIJȦİʌȚʌȜȑȠȞıȘİȓĮʌȡȑʌİȚȞĮ
IJȘȡȘșȠȪȞ
ȆȡȚȞĮʌȩIJȘȞĮʌȠșȒțİȣıȘʌȡȠıIJĮıȓĮțĮIJİȡȖĮıȝȑȞȦȞİʌȚijĮȞİȚȫȞİȚįȚțȐıIJĮ
ıȘİȓĮIJȦȞįȚĮįȡȠȫȞİȟȩįȠȣțĮȚıIJȚȢİʌȚijȐȞİȚİȢIJȠʌȠșȑIJȘıȘȢİ
ʌȡȠıIJĮIJİȣIJȚțȒĮȞIJȚįȚĮȕȡȦIJȚțȒıIJȡȫıȘİȖȐȜȘȢįȚȐȡțİȚĮȢ
ǹȞIJȚįȚĮȕȡȦIJȚțȩȢȑȜİȖȤȠȢʌİȡȓʌȠȣțȐșİȒȞİȢǹȞʌĮȡȠȣıȚĮıIJȠȪȞIJĮ
ʌȡȫIJĮıȘȐįȚĮįȚȐȕȡȦıȘȢİʌȚșȑıIJİțĮȚȞȠȪȡȖȚĮıIJȡȫıȘĮȞIJȚįȚĮȕȡȦIJȚțȒȢ
ʌȡȠıIJĮıȓĮȢ
ȂİIJȐIJȘȞIJȠʌȠșȑIJȘıȘıȣȞįȑıIJİĮȑıȦȢIJȠȞıİȡȕȠȘȤĮȞȚıȩıIJȠ
ȘȜİțIJȡȚțȩıȪıIJȘĮȫıIJİȑıȦIJȠȣșİȡĮȞIJȒȡĮȞĮĮʌȠijİȣȤșİȓ
ıȣʌȪțȞȦĮ
ȈȣıțİȣĮıȓĮ
ȉĮʌȡȠȧȩȞIJĮȝĮȢʌȡȠıIJĮIJİȪȠȞIJĮȚȝİIJȘȞİȚįȚțȒıȣıțİȣĮıȓĮțĮIJȐȜȜȘȜȘȖȚĮ
ȝİIJĮijȠȡȐĮʌȩIJȠİȡȖȠıIJȐıȚȠțĮIJĮıțİȣȒȢǾıȣıțİȣĮıȓĮʌİȡȚȜĮȝȕȐȞİȚ
ȣȜȚțȐıȣıțİȣĮıȓĮȢijȚȜȚțȐʌȡȠȢIJȠʌİȡȚȕȐȜȜȠȞIJĮȠʌȠȓĮȝʌȠȡȠȪȞİȪțȠȜĮ
ȞĮįȚĮȤȦȡȚıIJȠȪȞțĮȚȞĮĮȞĮțȣțȜȦșȠȪȞ
ȉĮʌĮȡĮțȐIJȦȣȜȚțȐȤȡȘıȚȝȠʌȠȚȠȪȞIJĮȚȟȪȜȠȤĮȡIJȩȞȚȤĮȡIJȓțĮȚȑȜĮıȝĮĮʌȩ
3(īȚĮįȚȐșİıȘIJȠȣȣȜȚțȠȪıȣıțİȣĮıȓĮȢʌȡȠIJİȓȞȠȣȝİIJȘȞĮȞĮțȪțȜȦıȘIJȦȞ
ȣȜȚțȫȞțĮșȫȢțĮȚIJĮțȑȞIJȡĮĮȞĮțȪțȜȦıȘȢ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ȉȠʌȠșȑIJȘıȘıIJȘȕĮȜȕȓįĮȝİȚȦIJȒȡĮ
ȆȡȚȞĮʌȩIJȘȞIJȠʌȠșȑIJȘıȘȠıİȡȕȠȘȤĮȞȚıȩȢʌȠȜȜĮʌȜȫȞ
ʌİȡȚıIJȡȠijȫȞʌȡȑʌİȚȞĮİȜİȖȤșİȓȖȚĮȗȘȚȑȢȀĮIJİıIJȡĮȑȞĮ
ȑȡȘʌȡȑʌİȚȞĮĮȞIJȚțĮIJĮıIJĮșȠȪȞİĮȣșİȞIJȚțȐĮȞIJĮȜȜĮțIJȚțȐ
ȂİIJȐIJȘȞIJȠʌȠșȑIJȘıȘıIJȘȕĮȜȕȓįĮȝİȚȦIJȒȡĮİʌȚįȚȠȡșȫıIJİ
țȐșİʌȚșĮȞȒȗȘȝȚȐʌȠȣȝʌȠȡİȓȞĮȑȤİȚȖȓȞİȚʌȐȞȦıIJȘȞ
IJİȜȚțȒıIJȡȫıȘȤȡȫȝĮIJȠȢ
ȅıİȡȕȠȝȘȤĮȞȚıȝȩȢʌĮȡĮįȓįİIJĮȚĮʌȩIJȠİȡȖȠıIJȐıȚȠțĮIJĮıțİȣȒȢıIJȘȞșȑıȘ
ȀȁǼǿȈȉȅİȞİȡȖȠʌȠȚȘȝȑȞȠȢȠIJİȡȝĮIJȚțȩȢįȚĮțȩʌIJȘȢȠȡȓȠȣȀȁǼǿȈȉȅ
ǼȜȑȖȟIJİĮȞȘijȜȐȞIJȗĮʌȡȠıĮȡȝȠȖȒȢİȓȞĮȚıȦıIJȒȖȚĮIJȘȞıȣȖțİțȡȚȝȑȞȘ
ȕĮȜȕȓįĮȝİȚȦIJȒȡĮ
ǾijȜȐȞIJȗĮIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪșĮʌȡȑʌİȚȞĮİijĮȡȝȩȗİȚ
ȤĮȜĮȡȐ
ȅȚıȣȞįȑıİȚȢIJȪʌȠȣǺǺǺȒǺıȤȑįȚȠʌĮȡĮįȓįȠȞIJĮȚİıijȒȞĮțĮȚ
ıijȘȞȩįȡȠȠıȣȞȒșȦȢıȪijȦȞĮİ,62
ȈȤȑįȚȠ
ȈȪȞįİıȘIJȪʌȠȣǺǺ ȈȪȞįİıȘIJȪʌȠȣǺǺ
ȀȣȜȚȞįȡȚțȩȢıȪȞįİıȠȢ ȈȪȞįİıȠȢİȠįȘȖȩıijȒȞĮȢ
İʌȩȝİȞȘıİȜȓįĮ
ǼȜȑȖȟIJİĮȞȘıijȒȞĮțĮȚȠȠįȘȖȩȢIJȘȢıijȒȞĮȢIJĮȚȡȚȐȗȠȣȞİIJȠȞȐȟȠȞĮIJȘȢ
ȕĮȜȕȓįĮȢİȚȦIJȒȡĮ
ǹijĮȚȡȑıIJİʌȜȒȡȦȢIJȠȖȡȐıȠĮʌȩIJȚȢİʌȚijȐȞİȚİȢIJȠʌȠșȑIJȘıȘȢıIJȠȞıİȡȕȠ
ȘȤĮȞȚıȩțĮȚıIJȘȕĮȜȕȓįĮȝİȚȦIJȒȡĮ
ȋȡȘıȚȝȠʌȠȚȒıIJİȝȚĮȚțȡȒʌȠıȩIJȘIJĮȖȡȐıȠȣıIJȠȞȐȟȠȞĮIJȘȢȕĮȜȕȓįĮȢ
IJȠȣİȚȦIJȒȡĮ
ȉȠʌȠșİIJȒıIJİIJȠȞıİȡȕȠȘȤĮȞȚıȩʌȐȞȦıIJȘȕĮȜȕȓįĮİȚȦIJȒȡĮțĮȚ
ıijȓȟIJİȈijȓȟIJİIJȚȢȕȓįİȢIJȠȣȜȐȤȚıIJȠȞʌȠȚȩIJȘIJĮȢĮȞȐȜȠȖĮİIJȠȞ
ʌȓȞĮțĮȚıȠįȪȞĮĮıIJĮȣȡȦIJȐ
ȆȓȞĮțĮȢȇȠʌȒıijȚȟȓȝĮIJȠȢȕȚįȫȞ
ȀȜȐıȘĮȞIJȠȤȒȢ 7$1P
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ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȀĮIJİȡȖĮıȓĮıİȝȘȤĮȞȠȣȡȖİȓȠIJȠȣʌİȡȚțȠȤȜȓȠȣıȪȞįİıȘIJȪʌȠȣ$
ȈȤȑįȚȠ
ȈȪȞįİıȘIJȪʌȠȣ$
ȆİȡȚțȩȤȜȚȠ
ǾijȜȐȞIJȗĮIJȘȢıȪȞįİıȘȢįİȞʌȡȑʌİȚȞĮĮijĮȚȡİșİȓĮʌȩIJȠȞıİȡȕȠȘȤĮȞȚıȩ
ȑįȡĮȞĮțĮȚIJȠʌȠșİIJȒıIJİIJĮıIJȠʌİȡȚțȩȤȜȚȠ
ǼʌĮȞĮIJȠʌȠșİIJȒıIJİIJȠʌİȡȚțȩȤȜȚȠİIJĮȡȠȣȜİȐȞȑįȡĮıȘȢȑıĮıIJȘ
ijȜȐȞIJȗĮʌȡȠıĮȡȠȖȒȢǺİȕĮȚȦșİȓIJİȩIJȚIJĮİȟĮȡIJȒĮIJĮİȓȞĮȚıȦıIJȐ
IJȠʌȠșİIJȘȑȞĮıIJȚȢȣʌȠįȠȤȑȢIJȠȣțȠȓȜȠȣȐȟȠȞĮ
ǺȚįȫıIJİIJȠȞįĮțIJȪȜȚȠȑȤȡȚȞĮİȓȞĮȚıIJĮșİȡȩȢ
ȉȠʌȠșİIJȒıIJİİIJȠȞȖȡĮıĮįȩȡȠȜȓȖȠȖȡȐıȠıĮʌȠȪȞȚ/LWKLXP(3
ȆȓȞĮțĮȢȆȠıȩIJȘIJİȢȖȡȐıȠȣȖȚĮıȪȞįİıȘIJȪʌȠȣ$
ȈȪȞįİıȘ $ $ $ $ $ $ $ $ $
ȆȠıȩIJȘIJĮ J J J J J J J J J
īȚĮȖȡȐıȠȝİʌȣțȞȩIJȘIJĮR NJGPñ
ȆȡȠıIJĮIJİȣIJȚțȩȢıȦȜȒȞĮȢȖȚĮĮȞȣȥȠȪİȞȠȐȟȠȞĮȕĮȜȕȓįĮȢ
ȉȣȜȓȟIJİIJȠıʌİȓȡȦȝĮİIJĮȚȞȓĮ7HIORQ
ǺȚįȫıIJİIJȠȞʌȡȠıIJĮIJİȣIJȚțȩıȦȜȒȞĮıIJȠıʌİȓȡȦĮȈȤȑįȚȠțĮȚ
ıijȓȟIJİțĮȜȐ
ȆȚȑıIJİʌȡȠȢIJĮțȐIJȦIJȠȞİȜĮıIJȚțȩįĮțIJȪȜȚȠıIJİȖȐȞȦıȘȢʌȡȠȢIJȠ
ʌȡȠıIJĮIJİȣIJȚțȩțȐȜȣȝȝĮ
ǼȜȑȖȟIJİĮȞIJȠțĮʌȐțȚIJȠȣıȦȜȒȞĮİȓȞĮȚįȚĮșȑıȚȝȠțĮȚȤȦȡȓȢijșȠȡȐ
ȈȤȑįȚȠȆȡȠıIJĮIJİȣIJȚțȩȢıȦȜȒȞĮȢȖȚĮĮȞȣȥȠȪİȞȠȐȟȠȞĮȕĮȜȕȓįĮȢ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ĬȑıİȚȢʌȡȠıĮȡȝȠȖȒȢIJȦȞIJȠʌȚțȫȞȤİȚȡȚıIJȘȡȓȦȞ
ǾșȑıȘʌȡȠıĮȡȝȠȖȒȢIJȦȞIJȠʌȚțȫȞȤİȚȡȚıIJȘȡȓȦȞİȓȞĮȚıȤİįȚĮıȝȑȞȘ
ıȪȝijȦȞĮȝİIJȘȞʌĮȡĮȖȖİȜȓĮǹȞȝİIJȐIJȘȞIJȠʌȠșȑIJȘıȘIJȠȣ
ıİȡȕȠȝȘȤĮȞȚıȝȠȪıIJȘȕĮȜȕȓįĮȒIJȠȞȝİȚȦIJȒȡĮİʌȚIJȩʌȠȣIJĮIJȠʌȚțȐ
ȤİȚȡȚıIJȒȡȚĮȕȡȓıțȠȞIJĮȚıİĮțĮIJȐȜȜȘȜȘșȑıȘȘșȑıȘʌȡȠıĮȡȝȠȖȒȢȝʌȠȡİȓ
İȪțȠȜĮȞĮĮȜȜĮȤșİȓĮȡȖȩIJİȡĮ
ȉȑııİȡȚȢșȑıİȚȢʌȡȠıĮȡȝȠȖȒȢİȓȞĮȚįȣȞĮIJȑȢ
ȈȤȑįȚȠĬȑıȘʌȡȠıĮȡȝȠȖȒȢ$ ȈȤȑįȚȠĬȑıȘʌȡȠıĮȡȝȠȖȒȢ%
$QWULHE $QWULHE
ȈȤȑįȚȠĬȑıȘʌȡȠıĮȡȝȠȖȒȢ& ȈȤȑįȚȠĬȑıȘʌȡȠıĮȡȝȠȖȒȢ'
$QWULHE $QWULHE
ǹȜȜĮȖȒIJȘȢșȑıȘȢʌȡȠıĮȡȝȠȖȒȢ
ǹʌȠıȣȞįȑıIJİIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩĮʌȩIJȚȢȘȜİțIJȡȚțȑȢ
ʌĮȡȠȤȑȢʌȡȚȞIJȠȞĮȞȠȓȟİIJİ
īȣȡȓıIJİIJĮIJȠʌȚțȐȤİȚȡȚıIJȒȡȚĮțĮIJȐIJȠȝȑȖȚıIJȠ
ǺİȕĮȚȦșİȓIJİȩIJȚIJĮțĮȜȫįȚĮįİȞİȓȞĮȚȖȣȡȚıȝȑȞĮȒ
ıijȘȞȦȝȑȞĮ
ȄİıijȓȟİIJİȕȓįİȢțĮȚȖȣȡȓıIJİIJȠȣȢIJȠʌȚțȠȪȢİȜȑȖȤȠȣȢ
īȣȡȓıIJİIJĮIJȠʌȚțȐȤİȚȡȚıIJȒȡȚĮıİȝȚĮĮʌȩIJȚȢʌĮȡĮʌȐȞȦșȑıİȚȢțĮȚ
İʌĮȞĮʌȡȠıĮȡȝȩıIJİIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩ
ȀĮșĮȡȓıIJİIJȚȢİʌȚijȐȞİȚİȢıIJİȖĮȞȠʌȠȓȘıȘȢIJȠȣʌȡȠıIJĮIJİȣIJȚțȠȪ
țĮȜȪȝȝĮIJȠȢțĮȚIJȠȣțĮȜȪȝȝĮIJȠȢ
ǼȜȑȖȟIJİȩIJȚȠȚįĮțIJȪȜȚȠȚıIJİȖĮȞȠʌȠȓȘıȘȢ2ULQJİȓȞĮȚıİțĮȜȒțĮIJȐıIJĮıȘ
ǼʌĮȞĮIJȠʌȠșİIJȒıIJİIJȠțȐȜȣȝȝĮıIJȠIJȝȒȝĮIJȦȞįȚĮțȠʌIJȫȞțĮȚȕȚįȫıIJİIJȚȢ
ȕȓįİȢȚıȠįȪȞĮȝĮıIJĮȣȡȦIJȐ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ǾȜİțIJȡȚțȒıȪȞįİıȘ
ȅȚİȡȖĮıȓİȢıIJȠȘȜİțIJȡȚțȩıȪıIJȘĮȒıIJȠȞİȟȠʌȜȚıȩ
ʌȡȑʌİȚȞĮȖȓȞȠȞIJĮȚȩȞȠĮʌȩİȚįȚțİȣȑȞȠȘȜİțIJȡȠȜȩȖȠȒ
ĮʌȩțĮIJȐȜȜȘȜĮİțʌĮȚįİȣȑȞȠʌȡȠıȦʌȚțȩțȐIJȦĮʌȩIJȘȞ
İʌȓȕȜİȥȘİȚįȚțİȣȑȞȠȣȘȜİțIJȡȠȜȩȖȠȣțĮȚıȪijȦȞĮʌȐȞIJĮ
İIJȠȣȢȘȜİțIJȡȠȜȠȖȚțȠȪȢțĮȞȩȞİȢ
ǾȜİțIJȡȠȜȠȖȚțȩıȤİįȚȐȖȡĮȝȝĮ
ȉȠȘȜİțIJȡȠȜȠȖȚțȩıȤİįȚȐȖȡĮȝȝĮʌȠȣĮȞIJȚıIJȠȚȤİȓıIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩ
İȓȞĮȚIJȠʌȠșİIJȘȝȑȞȠıİȑȞĮıĮțȠȣȜȐțȚĮįȚȐȕȡȠȤȠıIJȠȞȤİȚȡȠIJȡȠȤȩIJȠȣ
ıİȡȕȠȝȘȤĮȞȚıȝȠȪȝĮȗȓȝİIJȚȢȠįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢȈİʌİȡȓʌIJȦıȘʌȠȣIJȠ
ȘȜİțIJȡȠȜȠȖȚțȩıȤİįȚȐȖȡĮȝȝĮįİȞİȓȞĮȚįȚĮșȑıȚȝȠȝʌȠȡİȓIJİȞĮIJȠʌȡȠȝȘșİȣIJİȓIJİ
ĮʌȩIJȘȞ$80$ĮȞĮijȑȡȠȞIJĮȢIJȠFRP¤PLVVLRQQRĮʌȩIJȘȞʌȚȞĮțȓįĮIJȠȣ
ıİȡȕȠȝȘȤĮȞȚıȝȠȪȒțĮIJİȕȐıIJİIJȠĮʌȩIJȠ,QWHUQHWZZZDXPDFRP
ǼȟȦIJİȡȚțȒȘȜİțIJȡȚțȒĮıijȐȜİȚĮ
īȚĮʌȡȠıIJĮıȓĮȑȞĮȞIJȚȕȡĮȤȣțȣțȜȫȝĮIJȠȢțĮȚȖȚĮĮʌİȝʌȜȠțȒIJȠȣ
ıİȡȕȠȝȘȤĮȞȚıȝȠȪĮıijȐȜİȚİȢțĮȚįȚĮțȩʌIJİȢĮʌȠıȪȞįİıȘȢʌȡȑʌİȚȞĮ
ʌȡȠȝȘșİȪȠȞIJĮȚĮʌȩIJȠȞIJİȜȚțȩȤȡȒıIJȘ
ȅȚIJȚȝȑȢȡİȪȝĮIJȠȢȖȚĮIJȚȢįȚĮıIJȐıİȚȢIJȠȣįȚĮțȩʌIJȘȝʌȠȡȠȪȞȞĮİȟĮȤșȠȪȞ
ĮʌȩIJȘȞțĮIJĮȞȐȜȦıȘȡİȪȝĮIJȠȢIJȠȣțȚȞȘIJȒȡĮıȣȞIJȘȞțĮIJĮȞȐȜȦıȘȡİȪȝĮIJȠȢ
IJȦȞİȜȑȖȤȦȞ
ȀĮIJĮȞȐȜȦıȘȡİȪȝĮIJȠȢțȚȞȘIJȒȡĮ
ǹȞĮijȑȡİIJĮȚıIJȘȞʌȚȞĮțȓįĮʌȐȞȦıIJȠȞțȚȞȘIJȒȡĮȠȞȠȝĮıIJȚțȩȡİȪȝĮ
ȀĮIJĮȞȐȜȦıȘȡİȪȝĮIJȠȢİȜȑȖȤȠȣȕĮıȚȗȩȝİȞȘıIJȘȞIJȐıȘ
ȝȑȤȡȚ9$& PD[P$
ȝȑȤȡȚ9$& PD[P$
ȝȑȤȡȚ9$& PD[P$
ǾĮȞȫIJĮIJȘİʌȚIJȡİʌIJȒĮıijȐȜİȚĮȖȚĮIJȠȞIJȠʌȚțȩİȜİȖțIJȒȝİIJȐȟȘȚıȤȪȠȢ
N:İȓȞĮȚ$J/J*țĮȚȖȚĮIJȠʌȚțȩİȜİȖțIJȒȝİIJȐȟȘȚıȤȪȠȢN:
İȓȞĮȚ$J/J*
ǼȖțĮIJȐıIJĮıȘțĮȜȦįȓȠȣıȪȝijȦȞĮȝİ(0&
ȉĮțĮȜȫįȚĮʌȠȣĮijȠȡȠȪȞIJĮıȒȝĮIJĮțĮȚIJȘıȪȞįİıȘEXVİȓȞĮȚİʌȚȡȡİʌȒıİ
ʌĮȡİȝȕȠȜȑȢȉĮțĮȜȫįȚĮIJȠȣțȚȞȘIJȒȡĮİȓȞĮȚʌȘȖȑȢʌĮȡİȝȕȠȜȫȞ
ȉȠʌȠșİIJȒıIJİIJĮțĮȜȫįȚĮIJĮȠʌȠȓĮİȓȞĮȚİʌȚȡȡİʌȒıİʌĮȡİȝȕȠȜȑȢȒıİ
ʌȘȖȑȢʌĮȡİȝȕȠȜȫȞıIJȘȝİȖĮȜȪIJİȡȘįȣȞĮIJȒĮʌȩıIJĮıȘȝİIJĮȟȪIJȠȣȢ
ǾįȚĮıijȐȜȚıȘȝȘʌĮȡİȝȕȠȜȫȞıIJĮțĮȜȫįȚĮIJȦȞıȘȝȐIJȦȞțĮȚIJȘȢ
ıȪȞįİıȘȢEXVİȓȞĮȚȝİȖĮȜȪIJİȡȘĮȞIJĮțĮȜȫįȚĮIJȠʌȠșİIJȘșȠȪȞțȠȞIJȐıIJȠ
įȣȞĮȝȚțȩİįȐijȠȣȢ
ǹȞİȓȞĮȚįȣȞĮIJȩȞĮʌȠijȪȖİIJİȝĮțȡȚȑȢʌĮȡȐȜȜȘȜİȢįȚĮįȡȠȝȑȢțĮȜȦįȓȦȞ
țĮȚȕİȕĮȚȦșİȓIJİȩIJȚIJĮțĮȜȫįȚĮİȓȞĮȚİȖțĮIJİıIJȘȝȑȞĮıİʌİȡȚȠȤȑȢȩʌȠȣ
ȣʌȐȡȤİȚȝȚțȡȒʌĮȡİȝȕȠȜȒ
ǹʌȠijȪȖİIJİȝĮțȡȑȢʌĮȡȐȜȜȘȜİȢįȚĮįȡȠȝȑȢțĮȜȦįȓȦȞȝİțĮȜȫįȚĮIJĮȠʌȠȓĮ
İȓIJİİȓȞĮȚİʌȚȡȡİʌȒıİʌĮȡİȝȕȠȜȑȢİȓIJİıİʌȘȖȑȢʌĮȡİȝȕȠȜȫȞ
īȚĮIJȘıȪȞįİıȘȝİIJĮįȠIJȫȞıȒȝĮIJȠȢĮʌȠȝĮțȡȣıȝȑȞȘȢșȑıȘȢ
ʌȠIJİȞıȚȩȝİIJȡȠ5:*ʌȡȑʌİȚȞĮȤȡȘıȚȝȠʌȠȚȠȪȞIJĮȚțĮȜȫįȚĮȝİİȚįȚțȒ
İʌȚțȐȜȣȥȘȖȚĮʌȡȠıIJĮıȓĮ
ĬİȡȝĮȞIJȒȡĮȢ
ǾȕĮıȚțȒȑțįȠıȘIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪİȓȞĮȚİȟȠʌȜȚıȝȑȞȘȝİȑȞĮȞ
șİȡȝĮȞIJȒȡĮʌȡȠȢĮʌȠijȣȖȒıȣȝʌȣțȞȦȝȐIJȦȞȝȑıĮıIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩ
ǼțIJȩȢțĮȚĮȞțĮIJȐIJȘȞʌĮȡĮȖȖİȜȓĮȑȤİȚȠȡȚıIJİȓįȚĮijȠȡİIJȚțȐȠșİȡȝĮȞIJȒȡĮȢ
ʌȡȠȝȘșİȪİIJĮȚİıȦIJİȡȚțȐīȚĮİȟȦIJİȡȚțȒʌȡȠȝȒșİȚĮʌȡȠĮȚȡİIJȚțȐȠ
șİȡȝĮȞIJȒȡĮȢʌȡȑʌİȚʌȐȞIJĮȞĮıȣȞįȑİIJĮȚ
ȂİȡȚțȠȓıİȡȕȠȝȘȤĮȞȚıȝȠȓİȓȞĮȚİȟȠʌȜȚıȝȑȞȠȚʌȡȠĮȚȡİIJȚțȐțĮȚȝİįİȪIJİȡȠ
șİȡȝĮȞIJȒȡĮȖȚĮIJȠȞțȚȞȘIJȒȡĮȅșİȡȝĮȞIJȒȡĮȢȖȚĮIJȠȞțȚȞȘIJȒȡĮ
IJȡȠijȠįȠIJİȓIJĮȚʌȐȞIJĮİȟȦIJİȡȚțȐțĮȚʌȡȑʌİȚȞĮıȣȞįȑİIJĮȚıȪȝijȦȞĮȝİIJȠ
ȘȜİțIJȡȠȜȠȖȚțȩıȤİįȚȐȖȡĮȝȝĮ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ǼȜİȖțIJȑȢıİȡȕȠȝȘȤĮȞȚıȝȠȪıİİʌȚIJȠȓȤȚĮȕȐıȘıIJȒȡȚȟȘȢ
ʌȡȠĮȚȡİIJȚțȩȢİȟȠʌȜȚıȝȩȢ
īȚĮȑțįȠıȘıİİʌȚIJȠȓȤȚĮȕȐıȘıIJȒȡȚȟȘȢĮțȠȜȠȣșİȓıIJİIJĮʌĮȡĮțȐIJȦ
ȈȤȑįȚȠ$80$0$7,&ıİİʌȚIJȠȓȤȚĮȕȐıȘıIJȒȡȚȟȘȢ
9HUELQGXQJVOHLWXQJHQ
]XP $QWULHE
ǼțįȩıİȚȢȝİʌȠIJİȞıȚȩȝİIJȡȠıIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩįİȞİȓȞĮȚțĮIJȐȜȜȘȜİȢ
ǹȞIJȓIJȠȣʌȠIJİȞıȚȩȝİIJȡȠȣʌȡȑʌİȚȞĮİȟȠʌȜȚıIJİȓȠıİȡȕȠȝȘȤĮȞȚıȝȩȢȝİȝȚĮ
ʌȜĮțȑIJĮįȩIJȘșȑıȘȢIJȪʌȠȣ5:*
ǼʌȚIJȡİʌIJȒĮʌȩıIJĮıȘțĮȜȦįȓȠȣȝİIJĮȟȪIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪțĮȚIJȘȢ
ȝȠȞȐįĮȢİȜȑȖȤȠȣ$80$0$7,&ĮȞȑȡȤİIJĮȚʌİȡȓʌȠȣıİȑȞĮȝȑȖȚıIJȠ
ȝȒțȠȢP
ȆȡȠțĮIJĮıțİȣĮıȝȑȞĮțĮȜȫįȚĮȖȚĮIJȘıȪȞįİıȘȝİIJĮȟȪİȞȩȢ
ıİȡȕȠȝȘȤĮȞȚıȝȠȪțĮȚIJȠȣİȜİȖțIJȒ$80$0$7,&ıİİʌȚIJȠȓȤȚĮȕȐıȘ
ıIJȒȡȚȟȘȢȝʌȠȡİȓIJİȞĮIJĮʌȡȠȝȘșİȣIJİȓIJİĮʌȩIJȘȞ$80$
ȋȡȘıȚȝȠʌȠȚİȓıIJİțĮIJȐȜȜȘȜĮțĮȜȫįȚĮİȣȑȜȚțIJĮțĮȚȝİʌȡȠıIJĮıȓĮ
ıȪȞįİıȘȢ
ȈȣȞįȑıIJİIJĮıȪȡȝĮIJĮȝİIJȘıȦıIJȒijȐıȘĮȜȜȘȜȠȣȤȓĮȢ
ǼȜȑȖȟIJİIJȘȞțĮIJİȪșȣȞıȘIJȘȢʌİȡȚıIJȡȠijȒȢʌȡȠIJȠȪİȞİȡȖȠʌȠȚȒıIJİ
įİȓIJİıİȜ
ǻȚĮįȠȤȚțȒIJȠʌȠșȑIJȘıȘIJȘȢȝȠȞȐįĮȢİȜȑȖȤȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪʌȐȞȦ
ıIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩ
ȈİʌİȡȓʌIJȦıȘʌȠȣȠıİȡȕȠȝȘȤĮȞȚıȝȩȢțĮȚȠİȜİȖțIJȒȢIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪ
ȑȤȠȣȞįȚĮijȠȡİIJȚțȐ&RPPLVVLRQ1RVĮȞĮijİȡșİȓIJİıIJȘȞʌȚȞĮțȓįĮȠ
țĮșȠȡȚıȝȩȢIJȘȢįȚȐIJĮȟȘȢIJȦȞİʌĮijȫȞțĮȚIJȠȣȘȜİțIJȡȠȜȠȖȚțȠȪ
ıȤİįȚĮȖȡȐȝȝĮIJȠȢ.06«ʌȡȑʌİȚȞĮIJĮȚȡȚȐȗȠȣȞȝİIJĮȟȪIJȠȣȢțĮȚȖȚĮIJȚȢ
įȪȠıȣıțİȣȑȢ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȆȡȚȞıȣȞįȑıIJİIJȘȞțİȞIJȡȚțȒʌĮȡȠȤȒȡİȪȝĮIJȠȢ
ǼȜȑȖȟIJİĮȞȠIJȪʌȠȢȡİȪȝĮIJȠȢȘIJȐıȘIJȡȠijȠįȠıȓĮȢțĮȚȘıȣȤȞȩIJȘIJĮ
ıȣȝijȦȞȠȪȞȝİIJĮıIJȠȚȤİȓĮIJȠȣțȚȞȘIJȒȡĮįİȓIJİIJȘȞʌȚȞĮțȓįĮIJȠȣțȚȞȘIJȒȡĮ
9'
$UW 1U =
a 9 +] IJȪʌȠȢȡİȪȝĮIJȠȢIJȐıȘțİȞIJȡȚțȒȢʌĮȡȠȤȒȢıȣȤȞȩIJȘIJĮ
N:
< $
ǹȞȠȓȖȠȞIJĮȢIJȠȞȤȫȡȠȘȜİțIJȡȚțȫȞıȣȞįȑıİȦȞ
ȋĮȜĮȡȫıIJİIJȚȢȕȓįİȢțĮȚĮijĮȚȡȑıIJİIJȠțȐȜȣȝȝĮıȤȑįȚȠ
ȋĮȜĮȡȫıIJİIJȚȢȕȓįİȢțĮȚĮijĮȚȡȑıIJİIJȠȞijȠȡȑĮʌȡȚȗȫȞĮʌȩIJȠțȐȜȣȝȝĮ
ǼȚıȐȖİIJİıIJȣʌȚȠșȜȒʌIJİȢțĮIJȐȜȜȘȜȠȣȢȖȚĮIJȘıȪȞįİıȘIJȦȞțĮȜȦįȓȦȞ
ȅIJȪʌȠȢʌȡȠıIJĮıȓĮȢʌȠȣĮȞĮijȑȡİIJĮȚıIJȘȞʌȚȞĮțȓįĮįȚĮıijĮȜȓȗİIJĮȚȝȩȞȠ
ĮȞȤȡȘıȚȝȠʌȠȚȘșȠȪȞȠȚțĮIJȐȜȜȘȜȠȚıIJȣʌȚȠșȜȒʌIJİȢ
,3 ǺĮșȝȩȢʌȡȠıIJĮıȓĮȢ
7HPS6FKXW]7K
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ȈIJİȖĮȞȠʌȠȚȒıIJİIJȘȞİȓıȠįȠIJȦȞțĮȜȦįȓȦȞIJĮȠʌȠȓĮįİȞȤȡȘıȚȝȠʌȠȚȠȪȞIJĮȚ
ȝİțĮIJȐȜȜȘȜİȢIJȐʌİȢ
ȈȤȑįȚȠǹȞȠȓȖȠȞIJĮȢIJȠȞȤȫȡȠȘȜİțIJȡȚțȫȞıȣȞįȑıİȦȞ
țȐȜȣȝȝĮ
ȈIJȣʌȚȠșȜȓʌIJȘȢțĮȚijȠȡȑĮȢțĮȚ
ȕȪıȝĮıȪȝijȦȞĮȝİIJȠȞȕĮșȝȩ
ʌȡȠıIJĮıȓĮȢʌȠȣĮȞĮȖȡȐijİIJĮȚ
ıIJȘȞʌȚȞĮțȓįĮ
ijȠȡȑĮȢʌȡȚȗȫȞ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ȈȣȞįȑȠȞIJĮȢIJĮțĮȜȫįȚĮ
ȈȣȞįȑıIJİIJĮțĮȜȫįȚĮıȪȝijȦȞĮȝİIJȠȘȜİțIJȡȠȜȠȖȚțȩıȤİįȚȐȖȡĮȝȝĮ
ǻȚĮIJȠȝȑȢ
ȉİȡȝĮIJȚțȐȚıȤȪȠȢ89:89:țĮȚʌȡȠıIJĮIJİȣIJȚțȒȖİȓȦıȘ
ıȣȝȕȠȜȚıȝȩȢ
PD[PPðİȣȑȜȚțIJȠPD[PPðıIJĮșİȡȩ
ǼʌĮijȑȢİȜȑȖȤȠȣȝȑȤȡȚ PD[PPð
īȚĮʌȜİȖȝȑȞĮțĮȜȫįȚĮȤȡȘıȚȝȠʌȠȚȒıIJİIJİȡȝĮIJȚțȐıȪȝijȦȞĮȝİ',1
ǵȜȠȚȠȚ3(ĮȖȦȖȠȓʌȡȑʌİȚȞĮİȓȞĮȚıIJĮșİȡȐıijȚȖȝȑȞȠȚıIJȘȞıȪȞįİıȘ3(
ıȣȝȕȠȜȚıȝȩȢȤȡȘıȚȝȠʌȠȚȫȞIJĮȢİȓIJİțȣțȜȚțȠȪȢįĮțIJȣȜȓȠȣȢİȣȑȜȚțIJĮ
țĮȜȫįȚĮİȓIJİįĮțIJȣȜȓȠȣȢıIJĮșİȡȐțĮȜȫįȚĮȈȤȑįȚȠ
ȀȐșİijȠȡȐʌȠȣȘıȪȞįİıȘ3(ĮʌȠıȣȞįȑİIJĮȚʌȡȑʌİȚȞĮ
ȕİȕĮȚȫȞİıIJİȩIJȚȠȚ3(ĮȖȦȖȠȓİȓȞĮȚıȦıIJȐıȣȞįİįİȝȑȞȠȚ
ȈȤȑįȚȠ3(ıȪȞįİıȘ
ǺȓįĮ
ǻĮțIJȪȜȚȠȢ
ȆĮȟȚȝȐįȚ
ȆȡȠıIJĮIJİȣIJȚțȒȖİȓȦıȘȝİ
IJİȡȝĮIJȚțȠȪȢįĮțIJȣȜȓȠȣȢ
3(ıȪȞįİıȘ
ĭȠȡȑĮȢʌȡȚȗȫȞ
ȀȜİȓȞȠȞIJĮȢIJȠȞȤȫȡȠȘȜİțIJȡȚțȫȞıȣȞįȑıİȦȞ
ȉȠʌȠșİIJȒıIJİIJȠȞijȠȡȑĮʌȡȚȗȫȞȝȑıĮıIJȠțȐȜȣȝȝĮțĮȚıijȓȟIJİIJȚȢȕȓįİȢ
ȈȤȑįȚȠ
ȀĮșĮȡȓıIJİIJȚȢİʌȚijȐȞİȚİȢıIJİȖĮȞȠʌȠȓȘıȘȢıIJȠțȐȜȣȝȝĮțĮȚıIJȠ
ʌȡȠıIJĮIJİȣIJȚțȩțȐȜȣȝȝĮ
ǼȜȑȖȟIJİĮȞȠįĮțIJȪȜȚȠȢıIJİȖȐȞȦıȘȢ2ULQJİȓȞĮȚıİțĮȜȒțĮIJȐıIJĮıȘ
ǼijĮȡȝȩıIJİȑȞĮȜİʌIJȩıIJȡȫȝĮȖȡȐıȠȣȝȘȩȟȚȞȠȣʌȤȕĮȗİȜȓȞȘıIJȚȢ
İʌȚijȐȞİȚİȢıIJİȖȐȞȦıȘȢ
ǼʌĮȞĮIJȠʌȠșİIJȒıIJİIJȠțȐȜȣȝȝĮțĮȚıijȓȟIJİIJȚȢȕȓįİȢȚıȠįȪȞĮȝĮ
ıIJĮȣȡȦIJȐ
ȈijȓȟIJİIJȠȣȢıIJȣʌȚȠșȜȒʌIJİȢȝİIJȘȞțĮșȠȡȚıȝȑȞȘȡȠʌȒȫıIJİȞĮ
įȚĮıijĮȜȚıIJİȓȘĮʌĮȚIJȠȪȝİȞȘʌȡȠıIJĮıȓĮ
ȆȜĮȓıȚȠİȞĮʌȩșİıȘȢțȐȜȣȝȝĮʌȡȠıIJĮıȓĮȢʌȡȠĮȚȡİIJȚțȩİȟȐȡIJȘȝĮ
ȊʌȐȡȤİȚįȚĮșȑıȚȝȠĮʌȩIJȠȞțĮIJĮıțİȣĮıIJȒȑȞĮİȚįȚțȩʌȜĮȓıȚȠİȞĮʌȩșİıȘȢ
ȈȤȑįȚȠȖȚĮʌȡȠıIJĮıȓĮȑȞĮȞIJȚĮȖȖȓȖȝĮIJȠȢIJȦȞȖȣȝȞȫȞİʌĮijȫȞțĮȚȑȞĮȞIJȚ
ʌİȡȚȕĮȜȜȠȞIJȚțȫȞİʌȚȡȡȠȫȞȅĮȞȠȚȤIJȩȢȤȫȡȠȢIJȦȞİʌĮijȫȞȝʌȠȡİȓȞĮ
țȜİȓıİȚȝİIJȘȤȡȒıȘİȞȩȢʌȡȠıIJĮIJİȣIJȚțȠȪțĮȜȪȝȝĮIJȠȢįİȞĮʌİȚțȠȞȓȗİIJĮȚıIJȠ
ıȤȑįȚȠ
ȈȤȑįȚȠȆȜĮȓıȚȠİȞĮʌȩșİıȘȢʌȡȠĮȚȡİIJȚțȩ
ȆȜĮȓıȚȠİȞĮʌȩșİıȘȢ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȋİȚȡȠțȓȞȘIJȘȜİȚIJȠȣȡȖȓĮ
ȅıİȡȕȠȝȘȤĮȞȚıȝȩȢȝʌȠȡİȓȞĮȜİȚIJȠȣȡȖȒıİȚȤİȚȡȠțȓȞȘIJĮȖȚĮIJȘȞȡȪșȝȚıȘțĮȚ
IJȘȞșȑıȘıİȜİȚIJȠȣȡȖȓĮțĮșȫȢțĮȚıİʌİȡȓʌIJȦıȘȕȜȐȕȘȢIJȠȣțȚȞȘIJȒȡĮȒ
įȚĮțȠʌȒȢȡİȪȝĮIJȠȢ
ǾȤİȚȡȠțȓȞȘIJȘȜİȚIJȠȣȡȖȓĮİȝʌȜȑțİIJĮȚĮʌȩȑȞĮȞİıȦIJİȡȚțȩȝȘȤĮȞȚıȝȩ
ǼȝʌȜȠțȒIJȘȢȤİȚȡȠțȓȞȘIJȘȢȜİȚIJȠȣȡȖȓĮȢ
ǹȞĮıȘțȫıIJİIJȠȠȤȜȩȑʌȜİȟȘȢȤİȚȡȠțȓȞȘıȘȢıIJȠțȑȞIJȡȠIJȠȣIJȡȠȤȠȪțĮIJȐ
IJȠȑȖȚıIJȠİȞȫIJĮȣIJȩȤȡȠȞĮȖȣȡȞȐIJİİȜĮijȡȫȢIJȠȞIJȡȠȤȩȤİȚȡȠțȓȞȘıȘȢ
įİȟȚȐĮȡȚıIJİȡȐȝȑȤȡȚȞĮİʌȜĮțİȓȘȤİȚȡȠțȓȞȘIJȘȜİȚIJȠȣȡȖȓĮȈȤȑįȚȠ
ȈȤȑįȚȠ ȈȤȑįȚȠ
ǾįȪȞĮȘIJȠȣȤİȡȚȠȪıĮȢİȓȞĮȚĮȡțİIJȒȖȚĮȞĮĮȞĮıȘțȦșİȓ
ȠȠȤȜȩȢȑʌȜİȟȘȢǾȤȡȒıȘİʌȚʌȜȑȠȞįȪȞĮȘȢįİȞİȓȞĮȚ
ĮȞĮȖțĮȓĮĮȜȜȐȠȪIJİțĮȚİʌȚIJȡİʌIJȒȊʌİȡȕȠȜȚțȒįȪȞĮȘ
ʌȠȡİȓȞĮȕȜȐȥİȚIJȠȞȘȤĮȞȚıȩȑʌȜİȟȘȢ
ǹijȒıIJİİȜİȪșİȡȠIJȠȠȤȜȩȑʌȜİȟȘȢșĮʌȡȑʌİȚȞĮİʌȚıIJȡȑȥİȚıIJȘȞĮȡȤȚțȒ
IJȠȣșȑıȘȩʌȦȢIJȠİȜĮIJȒȡȚȠȈȤȑįȚȠǹȞȠȠȤȜȩȢȑʌȜİȟȘȢįİȞ
İʌȚıIJȡȑijİȚıIJȘȞĮȡȤȚțȒIJȠȣșȑıȘıʌȡȫȟIJİIJȠȞʌȡȠȢIJĮʌȓıȦȝİIJȠȤȑȡȚıĮȢ
ǾȜİȚIJȠȣȡȖȓĮIJȠȣȝȠȤȜȠȪȑȝʌȜİȟȘȢȤİȚȡȠțȓȞȘıȘȢșĮʌȡȑʌİȚȞĮ
ȖȓȞİIJĮȚȝȩȞȠȩIJĮȞȠțȚȞȘIJȒȡĮȢįİȜİȚIJȠȣȡȖİȓȈȤȑįȚȠ
ǾİȞĮȜȜĮȖȒıİȤİȚȡȠțȓȞȘIJȘȜİȚIJȠȣȡȖȓĮȩIJĮȞȠțȚȞȘIJȒȡĮȢ
ȜİȚIJȠȣȡȖİȓȝʌȠȡİȓȞĮȠįȘȖȒıİȚıİijșȠȡȐIJȠȣȝȘȤĮȞȚıȝȠȪIJȠȣ
ȝȠȤȜȠȪȑȝʌȜİȟȘȢȤİȚȡȠțȓȞȘıȘȢ
ȈȤȑįȚȠ ȈȤȑįȚȠ
īȣȡȓıIJİIJȠȞIJȡȠȤȩȤİȚȡȠțȓȞȘIJȘȢȜİȚIJȠȣȡȖȓĮȢțĮIJȐIJȘȞİʌȚșȣȝȘIJȒ
țĮIJİȪșȣȞıȘȈȤȑįȚȠ
ǹʌİȝʌȜȠțȒIJȘȢȤİȚȡȠțȓȞȘIJȘȢȜİȚIJȠȣȡȖȓĮȢ
īȓȞİIJĮȚĮȣIJȩȝĮIJȘĮʌİȝʌȜȠțȒIJȘȢȤİȚȡȠțȓȞȘIJȘȢȜİȚIJȠȣȡȖȓĮȢȩIJĮȞİțțȚȞȒıİȚȠ
țȚȞȘIJȒȡĮȢ
ȅIJȡȠȤȩȢȤİȚȡȠțȓȞȘıȘȢįİȞʌİȡȚıIJȡȑijİIJĮȚțĮIJȐIJȘįȚȐȡțİȚĮIJȘȢȘȜİțIJȡȚțȒȢ
ȜİȚIJȠȣȡȖȓĮȢ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ȁİȚIJȠȣȡȖȓĮțĮȚİȞįİȓȟİȚȢIJȦȞIJȠʌȚțȫȞȤİȚȡȚıIJȘȡȓȦȞ
ȈȤȑįȚȠȉȠʌȚțȩȤİȚȡȚıIJȒȡȚȠ
ȂʌȠȣIJȩȞ ȁȣȤȞȓİȢȑȞįİȚȟȘȢ
ǼʌȚȜȠȖȑĮȢ
ǼʌȚȜȠȖȑĮȢ
) ĬȑıȘ2))
)
ǻİȞİȓȞĮȚįȣȞĮIJȩȢȠĮʌȠȝĮțȡȣıȝȑȞȠȢȤİȚȡȚıȝȩȢ
ǻİȞİȓȞĮȚįȣȞĮIJȩȢȠIJȠʌȚțȩȢȤİȚȡȚıȝȩȢ
ȅıİȡȕȠȝȘȤĮȞȚıȝȩȢʌĮȡĮȝȑȞİȚȑIJȠȚȝȠȢȖȚĮȑȞįİȚȟȘ
ıȒȝĮIJȠȢ
įȚĮIJȘȡİȓIJĮȚȘIJȡȠijȠįȠıȓĮȡİȪȝĮIJȠȢIJȠȣİȜİȖțIJȒ
) ĬȑıȘIJȠʌȚțȠȪİȜȑȖȤȠȣ,
)
ȅıİȡȕȠȝȘȤĮȞȚıȝȩȢȝʌȠȡİȓȞĮȜİȚIJȠȣȡȖȒıİȚIJȠʌȚțȐ
ȝȑıȦIJȦȞȝʌȠȣIJȩȞǹȃȅǿīȂǹȈȉǹȈǾȀȁǼǿȈǿȂȅ
) ĬȑıȘĮʌȠȝĮțȡȣıȝȑȞȠȣİȜȑȖȤȠȣ,,
)
ȅıİȡȕȠȝȘȤĮȞȚıȝȩȢȝʌȠȡİȓȞĮțĮșȠįȘȖȘșİȓȝİ
ĮʌȠȝĮțȡȣıȝȑȞȠȑȜİȖȤȠʌȤȝȑıȦIJȠȣțȑȞIJȡȠȣİȜȑȖȤȠȣ
ĬȑıȘİȜȑȖȤȠȣǿǿǿ
DzȜİȖȤȠȢIJȘȢıȣıțİȣȒȢİȞİȡȖȠʌȠȓȘıȘȢ37&įİȓIJİıİȜ
ǻȚĮșȑıȚȝȠȢȝȩȞȠıİıȣȞįȣĮıȝȩȝİIJȘȞʌȡȠıIJĮıȓĮIJȠȣ
4EST 2ESET țȚȞȘIJȒȡĮ37&șİȡȝȓıIJȠȡ
ǹȞȐȕİȚȘțȩțțȚȞȘȜȣȤȞȓĮȑȞįİȚȟȘȢıijȐȜȝĮ
ĬȑıȘİʌĮȞĮijȠȡȐȢıIJȚȢĮȡȤȚțȑȢİȞįİȓȟİȚȢ,,,
ǼʌĮȞĮijȠȡȐıȒȝĮIJȠȢıijȐȜȝĮIJȠȢțȩțțȚȞȘȜȣȤȞȓĮȑȞįİȚȟȘȢ
ȝİIJȐIJȘȞİȞİȡȖȠʌȠȓȘıȘIJȘȢʌȡȠıIJĮıȓĮȢțȚȞȘIJȒȡĮ
4EST 2ESET įİȓIJİıİȜ
ǻȚĮșȑıȚȝȠȢȝȩȞȠıİıȣȞįȣĮıȝȩȝİIJȘȞʌȡȠıIJĮıȓĮIJȠȣ
țȚȞȘIJȒȡĮ37&șİȡȝȓıIJȠȡ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȂʌȠȣIJȩȞ
ǹȞȠİʌȚȜȠȖȑĮȢȕȡȓıțİIJĮȚıIJȘșȑıȘIJȠʌȚțȠȪİȜȑȖȤȠȣ,ȤȡȘıȚȝȠʌȠȚȒıIJİIJĮ
ȝʌȠȣIJȩȞǹȃȅǿīȂǹȈȉǹȈǾȀȁǼǿȈǿȂȅȖȚĮIJȠʌȚțȒȜİȚIJȠȣȡȖȓĮIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪ
ǹȃȅǿīȂǹȅıİȡȕȠȝȘȤĮȞȚıȝȩȢȜİȚIJȠȣȡȖİȓıIJȘȞ
țĮIJİȪșȣȞıȘǹȃȅǿīȂǹȉȅȈ
6723ȅıİȡȕȠȝȘȤĮȞȚıȝȩȢıIJĮȝĮIJȐ
ȀȁǼǿȈǿȂȅȅıİȡȕȠȝȘȤĮȞȚıȝȩȢȜİȚIJȠȣȡȖİȓıIJȘȞ
țĮIJİȪșȣȞıȘȀȁǼǿȈǿȂǹȉȅȈ
ȅȚİȞIJȠȜȑȢȜİȚIJȠȣȡȖȓĮȢǹȃȅǿīȂǹȀȁǼǿȈǿȂȅȝʌȠȡȠȪȞȞĮȤȡȘıȚȝȠʌȠȚȘșȠȪȞ
ȖȚĮȤİȚȡȚıȝȩțĮIJȐIJȘįȚȐȡțİȚĮȜİȚIJȠȣȡȖȓĮȢȝİIJȘȕȠȒșİȚĮȝʌȠȣIJȩȞȒıIJȘșȑıȘ
ĮȣIJȠıȣȖțȡȐIJȘıȘȢ
ȈIJȘȜİȚIJȠȣȡȖȓĮȝİIJȘȕȠȒșİȚĮȝʌȠȣIJȩȞȠıİȡȕȠȝȘȤĮȞȚıȝȩȢȜİȚIJȠȣȡȖİȓİijǯȩıȠȞ
IJȠȝʌȠȣIJȩȞİȓȞĮȚʌĮIJȘȝȑȞȠ
ȈIJȘșȑıȘĮȣIJȠıȣȖțȡȐIJȘıȘȢȠıİȡȕȠȝȘȤĮȞȚıȝȩȢʌȘȖĮȓȞİȚıIJȘȞ
ʌȡȠțĮșȠȡȚıȝȑȞȘIJİȜȚțȒșȑıȘİțIJȩȢțĮȚĮȞȝȓĮȐȜȜȘİȞIJȠȜȒȑȤİȚȜȘijșİȓ
ʌȡȠȘȖȠȣȝȑȞȦȢ
īȚĮʌİȡȚııȩIJİȡİȢʌȜȘȡȠijȠȡȓİȢıȤİIJȚțȐȝİIJȠȞʌȡȠȖȡĮȝȝĮIJȚıȝȩįİȓIJİIJȘ
ıİȜ
ȁȣȤȞȓİȢȑȞįİȚȟȘȢ
ȅȚȜȣȤȞȓİȢȑȞįİȚȟȘȢįȓȞȠȣȞIJĮʌĮȡĮțȐIJȦıȒȝĮIJĮȕĮıȚțȒȑȞįİȚȟȘ
ȈȣȖțİȞIJȡȦIJȚțȩıȒȝĮıijȐȜȝĮIJȠȢțȩțțȚȞȠ
ȈȣȖțİȞIJȡȦIJȚțȩıȒȝĮıijȐȜȝĮIJȠȢ
ȉȠıȣȖțİȞIJȡȦIJȚțȩıȒȝĮıijȐȜȝĮIJȠȢțȩțțȚȞȘȜȣȤȞȓĮșĮİȞİȡȖȠʌȠȚȘșİȓĮȞ
ȑȞĮĮʌȩIJĮʌĮȡĮțȐIJȦıȣȝȕİȓ
ȈijȐȜȝĮȡȠʌȒȢʌȤȣʌȑȡȕĮıȘIJȘȢȡȣșȝȚıȝȑȞȘȢȡȠʌȒȢıİȜʌȡȚȞ
ijIJȐıİȚıİȝȓĮIJİȡȝĮIJȚțȒșȑıȘ
ǼȞİȡȖȠʌȠȚȒșȘțİȘʌȡȠıIJĮıȓĮIJȠȣțȚȞȘIJȒȡĮıİȜʌȤȠțȚȞȘIJȒȡĮȢ
ȣʌİȡșİȡȝȐȞșȘțİ
ȂȓĮĮʌȠIJȣȤȓĮijȐıȘȢȖȚĮțȚȞȘIJȒȡİȢSK$&ȑȤİȚıȣȝȕİȓ
DzȜİȖȤȠȢIJȘȢıȣıțİȣȒȢİȞİȡȖȠʌȠȓȘıȘȢ37&
ȉĮijȫIJĮȑȞįİȚȟȘȢĮȞĮȕȠıȕȒȞȠȣȞ
ǹȞȠıİȡȕȠȝȘȤĮȞȚıȝȩȢİȓȞĮȚİȟȠʌȜȚıȝȑȞȠȢȝİȝİIJĮįȩIJȘȜİȚIJȠȣȡȖȓĮȢIJĮ
ijȫIJĮȑȞįİȚȟȘȢȝʌȠȡİȓȞĮȤȡȘıȚȝȠʌȠȚȘșȠȪȞȦȢĮįȚȐțȠʌİȢıȣȞİȤİȓȢ
İȞįİȓȟİȚȢ
ǹȞȠȝİIJĮįȩIJȘȢȜİȚIJȠȣȡȖȓĮȢİȓȞĮȚİȞİȡȖȩȢıİȜIJȠĮȞIJȓıIJȠȚȤȠijȦȢ
ȑȞįİȚȟȘȢĮȞĮȕȠıȕȒȞİȚțĮIJȐIJȘįȚȐȡțİȚĮȜİȚIJȠȣȡȖȓĮȢ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ǹȞȠȓȖȠȞIJĮȢIJȠIJȝȒȝĮIJȦȞįȚĮțȠʌIJȫȞ
īȚĮȞĮİȓȞĮȚįȣȞĮIJȩȞȞĮİțIJİȜİıIJȠȪȞȠȚʌĮȡĮțȐIJȦȡȣșȝȓıİȚȢȝȑȤȡȚ
ıȣȝʌİȡȚȜĮȝȕĮȞȠȝȑȞȘȢIJȘȢʌĮȡĮȖȡȐijȠȣȠȤȫȡȠȢIJȦȞįȚĮțȠʌIJȫȞ
ʌȡȑʌİȚȞĮĮȞȠȓȟİȚțĮȚĮȞİȓȞĮȚİȖțĮIJİıIJȘȝȑȞȠȢȠȝȘȤĮȞȚțȩȢįİȓțIJȘȢʌȡȑʌİȚ
ȞĮĮijĮȚȡİșİȓ
ǹȣIJȑȢȠȚȡȣșȝȓıİȚȢȚıȤȪȠȣȞȝȩȞȠȖȚĮįİȟȚȩıIJȡȠijȠțȜİȓıȚȝȠʌȤȐȟȠȞĮȢ
ȠįȒȖȘıȘȢȖȣȡȞȐįİȟȚȩıIJȡȠijĮȖȚĮȞĮțȜİȓıİȚȘȕĮȜȕȓįĮ
ȅȚİȡȖĮıȓİȢıIJȠȘȜİțIJȡȚțȩıȪıIJȘĮȒıIJȠȞİȟȠʌȜȚıȩ
ʌȡȑʌİȚȞĮȖȓȞȠȞIJĮȚȩȞȠĮʌȩİȚįȚțİȣȑȞȠȘȜİțIJȡȠȜȩȖȠ
ȒĮʌȩțĮIJȐȜȜȘȜĮİțʌĮȚįİȣȑȞȠʌȡȠıȦʌȚțȩțȐIJȦĮʌȩ
IJȠȞȑȜİȖȤȠțĮȚIJȘȞİʌȓȕȜİȥȘİȚįȚțİȣȑȞȠȣȘȜİțIJȡȠȜȩȖȠȣ
țĮȚıȪijȦȞĮʌȐȞIJĮİIJȠȣȢȘȜİțIJȡȠȜȠȖȚțȠȪȢțĮȚ
ȝȘȤĮȞȠȜȠȖȚțȠȪȢțĮȞȩȞİȢ
ǹijĮȚȡȫȞIJĮȢIJȠțȐȜȣȝȝĮĮʌȩIJȠȤȫȡȠIJȦȞįȚĮțȠʌIJȫȞ
ǹijĮȚȡȑıIJİȕȓįİȢțĮȚȕȖȐȜIJİIJȠțȐȜȣȝȝĮıIJȠȤȫȡȠIJȦȞįȚĮțȠʌIJȫȞ
ȈȤȑįȚȠȒȈȤȑįȚȠ
ȈȤȑįȚȠțȐȜȣȝȝĮȝİIJȗȐȝȚȑȞįİȚȟȘȢ ȈȤȑįȚȠțȐȜȣȝȝĮȤȦȡȓȢIJȗȐȝȚȑȞįİȚȟȘȢ
ǹȞİȓȞĮȚȒįȘİȖțĮIJİıIJȘȝȑȞȠȢIJȡĮȕȒȟIJİIJȠįȓıțȠIJȠȣȝȘȤĮȞȚțȠȪįİȓțIJȘșȑıȘȢ
ȈȤȑįȚȠDzȞĮȖĮȜȜȚțȩțȜİȚįȓȝʌȠȡİȓʌİȡȓʌȠȣPPȞĮȤȡȘıȚȝȠʌȠȚȘșİȓ
ȦȢȝȠȤȜȩȢ
ȈȤȑįȚȠǹijĮȚȡȫȞIJĮȢIJȠįȓıțȠIJȠȣȝȘȤĮȞȚțȠȪįİȓțIJȘșȑıȘȢ
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2$7
ǻİȓțIJȘȢșȑıȘȢ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȇȪșȝȚıȘIJȦȞȠȡȓȦȞįȚĮįȡȠȝȒȢ
ȇȪșȝȚıȘIJȘȢIJİȡȝĮIJȚțȒȢșȑıȘȢȀȁǼǿȈȉȅȝĮȪȡȘʌİȡȚȠȤȒ
īȣȡȓıIJİIJȠȞȤİȚȡȠIJȡȠȤȩįİȟȚȩıIJȡȠijĮȝȑȤȡȚȘȕĮȜȕȓįĮȞĮțȜİȓıİȚ
īȣȡȓıIJİIJȠȞȤİȚȡȠIJȡȠȤȩʌȓıȦțĮIJȐʌİȡȓʌȠȣȝȚıȒıIJȡȠijȒȣʌȑȡȕĮıȘ
ȠȡȓȠȣȀĮIJȐIJȘįȚȐȡțİȚĮIJȘȢįȠțȚȝȒȢİȜȑȖȟIJİIJȘȞȣʌȑȡȕĮıȘȠȡȓȠȣțĮȚ
ĮȞȤȡİȚĮıIJİȓįȚȠȡșȫıIJİIJȘȡȪșȝȚıȘIJȦȞįȚĮțȠʌIJȫȞȠȡȓȦȞįȚĮįȡȠȝȒȢ
ȆȚȑıIJİʌȡȠȢIJĮȝȑıĮțĮȚȖȣȡȓıIJİIJȠȞȚțȡȩȐȟȠȞĮǹȈȤȑįȚȠİ
țĮIJıĮȕȓįȚPPțĮIJȐIJȘijȠȡȐʌȠȣįİȓȤȞİȚIJȠȕȑȜȠȢțĮȚʌĮȡĮIJȘȡȒıIJİ
IJȠȞįİȓțIJȘǺǼȞȫĮțȠȪȖİIJĮȚȑȞĮȢȒȤȠȢȠįİȓțIJȘȢǺțȚȞİȓIJĮȚțĮIJȐ
ȠȓȡİȢțȐșİijȠȡȐȅIJĮȞȠįİȓțIJȘȢǺİȓȞĮȚıİĮʌȩıIJĮıȘĮʌȩIJȠıȘİȓȠ
&ıȣȞİȤȓıIJİȞĮȖȣȡȞȐIJİĮȡȖȐȅIJĮȞȠįİȓțIJȘȢǺȑȤİȚijIJȐıİȚIJȠıȘİȓȠ&
ıIJĮĮIJȒıIJİȞĮȖȣȡȞȐIJİțĮȚĮijȒıIJİİȜİȪșİȡȠIJȠȞȚțȡȩȐȟȠȞĮȈİ
ʌİȡȓʌIJȦıȘʌȠȣȑȤİIJİȖȣȡȓıİȚʌĮȡĮʌȐȞȦıȣȞİȤȓıIJİȞĮȖȣȡȓȗİIJİIJȠȞ
ȝȚțȡȩȐȟȠȞĮțĮIJȐIJȘȞȓįȚĮįȚİȪșȣȞıȘțĮȚİʌĮȞĮȜȐȕĮIJİIJȘįȚĮįȚțĮıȓĮ
ȈȤȑįȚȠǼȜİȖțIJȒȢ
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7 3
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ȇȪșȚıȘIJȘȢIJİȡĮIJȚțȒȢșȑıȘȢǹȃȅǿȋȉȅȜİȣțȒʌİȡȚȠȤȒ
īȣȡȓıIJİIJȠȞȤİȚȡȠIJȡȠȤȩĮȡȚıIJİȡȩıIJȡȠijĮȑȤȡȚȘȕĮȜȕȓįĮȞĮĮȞȠȓȟİȚİIJȐ
ȖȣȡȓıIJİʌȓıȦțĮIJȐʌİȡȓʌȠȣȚıȒıIJȡȠijȒ
ȀĮIJȐIJȘįȚȐȡțİȚĮIJȘȢįȠțȚȝȒȢİȜȑȖȟIJİIJȘȞȣʌȑȡȕĮıȘIJȦȞȠȡȓȦȞțĮȚĮȞ
ȤȡİȚĮıIJİȓįȚȠȡșȫıIJİIJȘȡȪșȝȚıȘIJȦȞįȚĮțȠʌIJȫȞȠȡȓȦȞįȚĮįȡȠȝȒȢ
ȆȚȑıIJİʌȡȠȢIJĮȝȑıĮțĮȚȖȣȡȓıIJİIJȠȞȚțȡȩȐȟȠȞĮ'ȈȤȑįȚȠİȑȞĮ
țĮIJıĮȕȓįȚPPțĮIJȐIJȘijȠȡȐʌȠȣįİȓȤȞİȚIJȠȕȑȜȠȢțĮȚʌĮȡĮIJȘȡȒıIJİ
IJȠȞįİȓțIJȘǼǼȞȫĮțȠȪȖİIJĮȚȑȞĮȢȒȤȠȢȠįİȓțIJȘȢǼțȚȞİȓIJĮȚțĮIJȐ
ȠȓȡİȢțȐșİijȠȡȐȅIJĮȞȠįİȓțIJȘȢǼİȓȞĮȚıİĮʌȩıIJĮıȘĮʌȩIJȠıȘİȓȠ
)ıȣȞİȤȓıIJİȞĮȖȣȡȞȐIJİĮȡȖȐǵIJĮȞȠįİȓțIJȘȢǼȑȤİȚijIJȐıİȚıIJȠıȘİȓȠ)
ıIJĮĮIJȒıIJİȞĮȖȣȡȞȐIJİțĮȚĮijȒıIJİİȜİȪșİȡȠIJȠȞȚțȡȩȐȟȠȞĮȈİ
ʌİȡȓʌIJȦıȘʌȠȣȑȤİIJİȖȣȡȓıİȚʌĮȡĮʌȐȞȦıȣȞİȤȓıIJİȞĮȖȣȡȓȗİIJİIJȠȞȝȚțȡȩ
ȐȟȠȞĮțĮIJȐIJȘȞȓįȚĮįȚİȪșȣȞıȘțĮȚİʌĮȞĮȜȐȕİIJİIJȘįȚĮįȚțĮıȓĮ
DzȜİȖȤȠȢIJȦȞįȚĮțȠʌIJȫȞȡȪșȝȚıȘȢȠȡȓȦȞįȚĮįȡȠȝȒȢ
ȉĮțȩțțȚȞĮȝʌȠȣIJȩȞİȜȑȖȤȠȣ7țĮȚ3ȈȤȑįȚȠȤȡȘıȚȝȠʌȠȚȠȪȞIJĮȚȖȚĮIJȘ
ȤİȚȡȠțȓȞȘIJȘİȞİȡȖȠʌȠȓȘıȘIJȦȞįȚĮțȠʌIJȫȞȠȡȓȦȞįȚĮįȡȠȝȒȢ
ȉȠȖȪȡȚıȝĮIJȠȣȝʌȠȣIJȩȞȉțĮIJȐIJȘȞțĮIJİȪșȣȞıȘIJȠȣȕȑȜȠȣȢ/6&:65
İȞİȡȖȠʌȠȚİȓIJȠįȚĮțȩʌIJȘȡȪșȝȚıȘȢȠȡȓȠȣįȚĮįȡȠȝȒȢȀȁǼǿȈǿȂǹȉȅȈǾ
țȓIJȡȚȞȘȜȣȤȞȓĮȑȞįİȚȟȘȢıIJȠȞİȜİȖțIJȒĮȞȐȕİȚİij¶ȩıȠȞIJȠȝʌȠȣIJȩȞİȜȑȖȤȠȣ
İȓȞĮȚʌĮIJȘȝȑȞȠ
ȉȠȖȪȡȚıȝĮIJȠȣȝʌȠȣIJȩȞȇțĮIJȐIJȘȞțĮIJİȪșȣȞıȘIJȠȣȕȑȜȠȣȢ/62:2/
İȞİȡȖȠʌȠȚİȓIJȠįȚĮțȩʌIJȘȡȪșȝȚıȘȢȠȡȓȠȣįȚĮįȡȠȝȒȢǹȃȅǿīȂǹȉȅȈ
ǾțȩțțȚȞȘȜȣȤȞȓĮȑȞįİȚȟȘȢıIJȠȞİȜİȖțIJȒıijȐȜȝĮĮȞȐȕİȚ
ǾʌȡȐıȚȞȘȜȣȤȞȓĮȑȞįİȚȟȘȢıIJȠȞİȜİȖțIJȒĮȞȐȕİȚİij¶ȩıȠȞIJȠȝʌȠȣIJȩȞ
İȜȑȖȤȠȣİȓȞĮȚʌĮIJȘȝȑȞȠ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
īȚĮIJȘȡȪșȚıȘȘșȑıȘİȞİȡȖȠʌȠȓȘıȘȢİȞįȚȐİıȘșȑıȘ
ʌȡȑʌİȚȞĮʌȜȘıȚȐȗİIJĮȚĮʌȩIJȘȞȓįȚĮțĮIJİȪșȣȞıȘȩʌȦȢțĮIJȐ
IJȘȞȘȜİțIJȡȚțȒȜİȚIJȠȣȡȖȓĮ
ȇȪșȚıȘȖȚĮțĮIJİȪșȣȞıȘȀȁǼǿȈȉȅĮȪȡȘʌİȡȚȠȤȒ
īȣȡȓıIJİIJȘȕĮȜȕȓįĮıIJȘȞİʌȚșȣȝȘIJȒİȞįȚȐȝİıȘșȑıȘ
ȆȚȑıIJİʌȡȠȢIJĮȝȑıĮțĮȚȖȣȡȓıIJİIJȠȞȚțȡȩȐȟȠȞĮ*ȈȤȑįȚȠİ
țĮIJıĮȕȓįȚPPțĮIJȐIJȘijȠȡȐʌȠȣįİȓȤȞİȚIJȠȕȑȜȠȢțĮȚʌĮȡĮIJȘȡȒıIJİ
IJȠȞįİȓțIJȘǾǼȞȫĮțȠȪȖİIJĮȚȑȞĮȢȒȤȠȢȠįİȓțIJȘȢǾțȚȞİȓIJĮȚțĮIJȐ
ȠȓȡİȢțȐșİijȠȡȐȅIJĮȞȠįİȓțIJȘȢǾİȓȞĮȚĮʌȩIJȠıȘİȓȠ&ıȣȞİȤȓıIJİ
ȞĮȖȣȡȞȐIJİĮȡȖȐȅIJĮȞȠįİȓțIJȘȢǾȑȤİȚijIJȐıİȚIJȠıȘİȓȠ&ıIJĮĮIJȒıIJİ
ȞĮȖȣȡȞȐIJİțĮȚĮijȒıIJİİȜİȪșİȡȠIJȠȞȚțȡȩȐȟȠȞĮȈİʌİȡȓʌIJȦıȘʌȠȣ
ȑȤİIJİȖȣȡȓıİȚĮȡțİIJȐțĮȚȑȤİIJİĮʌȠĮțȡȣȞșİȓıȣȞİȤȓıIJİȞĮȖȣȡȓȗİIJİ
țĮIJȐIJȘȞȓįȚĮțĮIJİȪșȣȞıȘțĮȚİʌĮȞĮȜȐȕĮIJİIJȘįȚĮįȚțĮıȓĮ
ȈȤȑįȚȠǼȜİȖțIJȒȢ
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ȇȪșȚıȘȖȚĮțĮIJİȪșȣȞıȘǹȃȅǿȋȉȅȜİȣțȒʌİȡȚȠȤȒ
īȣȡȓıIJİIJȘȕĮȜȕȓįĮıIJȘȞİʌȚșȣȝȘIJȒİȞįȚȐȝİıȘșȑıȘ
ȆȚȑıIJİʌȡȠȢIJĮȝȑıĮțĮȚȖȣȡȓıIJİIJȠȞȚțȡȩȐȟȠȞĮȀȈȤȑįȚȠİ
țĮIJıĮȕȓįȚPPțĮIJȐIJȘijȠȡȐʌȠȣįİȓȤȞİȚIJȠȕȑȜȠȢțĮȚʌĮȡĮIJȘȡȒıIJİ
IJȠȞįİȓțIJȘ/ǼȞȫĮțȠȪȖİIJĮȚȑȞĮȢȒȤȠȢȠįİȓțIJȘȢ/țȚȞİȓIJĮȚțĮIJȐ
ȠȓȡİȢțȐșİijȠȡȐȅIJĮȞȠįİȓțIJȘȢ/İȓȞĮȚĮʌȩIJȠıȘİȓȠ)ıȣȞİȤȓıIJİ
ȞĮȖȣȡȞȐIJİĮȡȖȐȅIJĮȞȠįİȓțIJȘȢ/ȑȤİȚijIJȐıİȚIJȠıȘİȓȠ)ıIJĮĮIJȒıIJİ
ȞĮȖȣȡȞȐIJİțĮȚĮijȒıIJİİȜİȪșİȡȠIJȠȞȚțȡȩȐȟȠȞĮȈİʌİȡȓʌIJȦıȘʌȠȣ
ȑȤİIJİȖȣȡȓıİȚĮȡțİIJȐțĮȚȑȤİIJİĮʌȠĮțȡȣȞșİȓıȣȞİȤȓıIJİȞĮȖȣȡȓȗİIJİ
țĮIJȐIJȘȞȓįȚĮțĮIJİȪșȣȞıȘțĮȚİʌĮȞĮȜȐȕĮIJİIJȘįȚĮįȚțĮıȓĮ
DzȜİȖȤȠȢIJȦȞįȚĮțȠʌIJȫȞİȞįȚȐȝİıȦȞșȑıİȦȞIJȪʌȠȣ'82
ȉĮțȩțțȚȞĮȝʌȠȣIJȩȞİȜȑȖȤȠȣ7țĮȚ3ȈȤȑįȚȠȤȡȘıȚȝȠʌȠȚȠȪȞIJĮȚȖȚĮIJȘ
ȤİȚȡȠțȓȞȘIJȘİȞİȡȖȠʌȠȓȘıȘIJȦȞįȚĮțȠʌIJȫȞİȞįȚȐȝİıȦȞșȑıİȦȞIJȪʌȠȣ'82
ȉȠȖȪȡȚıȝĮIJȠȣȝʌȠȣIJȩȞȉțĮIJȐIJȘȞțĮIJİȪșȣȞıȘIJȠȣȕȑȜȠȣȢ76&'65
İȞİȡȖȠʌȠȚİȓIJȠįȚĮțȩʌIJȘİȞįȚȐȝİıȘȢșȑıȘȢIJȪʌȠȣ'82ȀȁǼǿȈȉȅ
ȉĮȣIJȩȤȡȠȞĮİȞİȡȖȠʌȠȚİȓIJĮȚȠįȚĮțȩʌIJȘȢȡȠʌȒȢȀȁǼǿȈȉȅ
ȉȠȖȪȡȚıȝĮIJȠȣȝʌȠȣIJȩȞȇțĮIJȐIJȘȞțĮIJİȪșȣȞıȘIJȠȣȕȑȜȠȣȢȉ62'2/
İȞİȡȖȠʌȠȚİȓIJȠįȚĮțȩʌIJȘİȞįȚȐȝİıȘȢșȑıȘȢIJȪʌȠȣ'8223(1ǹȃȅǿȀȉȅ
ȉĮȣIJȩȤȡȠȞĮİȞİȡȖȠʌȠȚİȓIJĮȚȠįȚĮțȩʌIJȘȢȡȠʌȒȢ23(1ǹȃȅǿȀȉȅ
ȂİIJȐIJȠȞȑȜİȖȤȠIJȦȞįȚĮțȠʌIJȫȞȘțȩțțȚȞȘȜȣȤȞȓĮȑȞįİȚȟȘȢıijȐȜȝĮ
ʌȡȑʌİȚȞĮĮʌĮȜİȚijșİȓȤȡȘıȚȝȠʌȠȚȫȞIJĮȢIJĮȝʌȠȣIJȩȞIJȠȣIJȠʌȚțȠȪ
ȤİȚȡȚıIJȘȡȓȠȣǹȃȅǿīȂǹȒȀȁǼǿȈǿȂȅʌȡȠȢIJȘȞĮȞIJȓșİIJȘțĮIJİȪșȣȞıȘ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȇȪșȝȚıȘįȚĮțȠʌIJȫȞȠȡȓȠȣȡȠʌȒȢ
ȇȪșȝȚıȘ
ǾȡȪșȚıȘIJȠȣȠȡȓȠȣIJȘȢȡȠʌȒȢʌȡȑʌİȚȞĮ
ĮȞIJĮʌȠțȡȓȞİIJĮȚıIJȠȞIJȪʌȠIJȘȢȕĮȜȕȓįĮȢ
ǹȣIJȒȘȡȪșȚıȘʌȠȡİȓȞĮĮȜȜĮȤșİȓȩȞȠİIJȘȞȑȖțȡȚıȘ
IJȠȣțĮIJĮıțİȣĮıIJȒIJȘȢȕĮȜȕȓįĮȢ
ȈȤȑįȚȠȀİijĮȜȑȢįȚĮțȠʌIJȫȞȠȡȓȦȞȡȠʌȒȢ
2 2 2
ȋĮȜĮȡȫıIJİIJȚȢįȪȠȕȓįİȢĮıijĮȜİȓĮȢȅıIJȠȞİʌȚȜȠȖȑĮİIJȚȢİȞįİȓȟİȚȢ
ȡȠʌȒȢȈȤȑįȚȠ
īȣȡȓıIJİIJȠȞİʌȚȜȠȖȑĮİIJȚȢİȞįİȓȟİȚȢȡȠʌȒȢȇIJȠʌȠșİIJȫȞIJĮȢIJȠȞıIJȘȞ
İʌȚșȣȘIJȒȡȠʌȒGD1P 1P
īȚĮʌĮȡȐįİȚȖĮ
ȉȠȈȤȑįȚȠįİȓȤȞİȚIJȚȢ
ʌĮȡĮțȐIJȦȡȣșȓıİȚȢ GD1P 1PȖȚĮțĮIJİȪșȣȞıȘȀȁǼǿȈȉȅ
GD1P 1PȖȚĮțĮIJİȪșȣȞıȘǹȃȅǿȋȉȅ
ȈijȓȟIJİIJȚȢȕȓįİȢĮıijĮȜİȓĮȢȟĮȞȐ
ȅȚįȚĮțȩʌIJİȢȡȠʌȒȢʌȠȡȠȪȞİʌȓıȘȢȞĮȜİȚIJȠȣȡȖȒıȠȣȞ
ıİȤİȚȡȠțȓȞȘIJȘȜİȚIJȠȣȡȖȓĮ
ȅȚįȚĮțȩʌIJİȢȡȠʌȒȢȜİȚIJȠȣȡȖȠȪȞȦȢʌȡȠıIJĮıȓĮ
ȣʌİȡijȩȡIJȦıȘȢıIJȘȞʌȜȒȡȘįȚĮįȡȠȒİʌȓıȘȢȩIJĮȞ
ıIJĮĮIJȐıIJȚȢIJİȡĮIJȚțȑȢșȑıİȚȢİIJȠȣȢįȚĮțȩʌIJİȢ
ȠȡȓȠȣįȚĮįȡȠȒȢ
DzȜİȖȤȠȢIJȦȞįȚĮțȠʌIJȫȞȠȡȓȠȣȡȠʌȒȢ
ȉĮțȩțțȚȞĮȝʌȠȣIJȩȞİȜȑȖȤȠȣ7țĮȚ3ȈȤȑįȚȠȤȡȘıȚȝȠʌȠȚȠȪȞIJĮȚȖȚĮIJȘ
ȤİȚȡȠțȓȞȘIJȘİȞİȡȖȠʌȠȓȘıȘIJȦȞįȚĮțȠʌIJȫȞȠȡȓȦȞȡȠʌȒȢ
ȉȠȖȪȡȚıȝĮIJȠȣȝʌȠȣIJȩȞȉțĮIJȐIJȘȞțĮIJİȪșȣȞıȘIJȠȣȕȑȜȠȣȢȉ6&'65
İȞİȡȖȠʌȠȚİȓIJȠįȚĮțȩʌIJȘȠȡȓȠȣȡȠʌȒȢȀȁǼǿȈȉȅǾțȩțțȚȞȘȜȣȤȞȓĮ
ȝʌȠȣIJȩȞİȜȑȖȤȠȣİȓȞĮȚʌĮIJȘȝȑȞȠ
ǹȞıIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩȑȤİȚIJȠʌȠșİIJȘșİȓȑȞĮȢįȚĮțȩʌIJȘȢİȞįȚȐȝİıȘȢ
șȑıȘȢIJȪʌȠȣ'82ȠȚįȚĮțȩʌIJİȢİȞįȚȐȝİıȘȢșȑıȘȢșĮȜİȚIJȠȣȡȖȒıȠȣȞ
IJĮȣIJȩȤȡȠȞĮ
ȂİIJȐIJȠȞȑȜİȖȤȠIJȦȞįȚĮțȠʌIJȫȞȘțȩțțȚȞȘȜȣȤȞȓĮȑȞįİȚȟȘȢıijȐȜȝĮ
ʌȡȑʌİȚȞĮĮʌĮȜİȚijșİȓȤȡȘıȚȝȠʌȠȚȫȞIJĮȢIJĮȝʌȠȣIJȩȞIJȠȣIJȠʌȚțȠȪ
ȤİȚȡȚıIJȘȡȓȠȣǹȃȅǿīȂǹȒȀȁǼǿȈǿȂȅ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ǻȠțȚȝĮıIJȚțȩȢȑȜİȖȤȠȢ
DzȜİȖȤȠȢIJȘȢțĮIJİȪșȣȞıȘȢʌİȡȚıIJȡȠijȒȢ
ǹȣIJȩȢȠȑȜİȖȤȠȢİȓȞĮȚĮȞĮȖțĮȓȠȢȩIJĮȞȖȓȞİIJĮȚIJȠʌȠșȑIJȘıȘʌȐȞȦıİİʌȚIJȠȓȤȚĮ
ȕȐıȘıIJȒȡȚȟȘȢ
ǵIJĮȞȠİȜİȖțIJȒȢ$80$0$7,&IJȠʌȠșİIJİȓIJĮȚĮʌİȣșİȓĮȢıIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩ
ȘĮȣIJȩȝĮIJȘijȐıȘįȚȩȡșȦıȘȢįȚĮıijĮȜȓȗİȚIJȘıȦıIJȒțĮIJİȪșȣȞıȘIJȘȢ
ʌİȡȚıIJȡȠijȒȢĮțȩȝĮțĮȚĮȞȠȚijȐıİȚȢįȚĮıIJĮȣȡȫȞȠȞIJĮȚțĮIJȐIJȘįȚȐȡțİȚĮIJȘȢ
ȘȜİțIJȡȚțȒȢİȖțĮIJȐıIJĮıȘȢ
ǹȞȑȤİIJİʌȡȠȝȘșİȣIJİȓIJȠįİȓțIJȘșȑıȘȢIJȠʌȠșİIJȒıIJİIJȠȞʌȐȞȦıIJȠȞȐȟȠȞĮ
ǾțĮIJİȪșȣȞıȘʌİȡȚıIJȡȠijȒȢʌȐȞȦıIJȠįİȓțIJȘșȑıȘȢȈȤȑįȚȠįİȓȤȞİȚ
IJȘȞțĮIJİȪșȣȞıȘIJȘȢʌİȡȚıIJȡȠijȒȢIJȠȣȐȟȠȞĮİȟȩįȠȣ
ǹȞįİȞȣʌȐȡȤİȚįİȓțIJȘȢșȑıȘȢȘțĮIJİȪșȣȞıȘʌİȡȚıIJȡȠijȒȢȝʌȠȡİȓȞĮ
ʌĮȡĮIJȘȡȘșİȓʌȐȞȦıIJȠȞțȠȓȜȠȐȟȠȞĮİȟȩįȠȣīȚĮIJȠȜȩȖȠĮȣIJȩĮijĮȚȡȑıIJİ
IJȘȞIJȐʌĮȃȠȈȤȑįȚȠ
ȈȤȑįȚȠǻİȓțIJȘȢșȑıȘȢ ȈȤȑįȚȠǹȞȠȓȖȠȞIJĮȢIJȠțĮʌȐțȚIJȠȣ
țȠȓȜȠȣȐȟȠȞĮ
ȀȁǼǿȈȉȅ ǹȃȅǿȋȉȅ
66
ȂİIJĮțȚȞȒıIJİIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩȤİȚȡȠțȓȞȘIJĮıIJȘȞİȞįȚȐȝİıȘșȑıȘȒıİ
ĮȡțİIJȒĮʌȩıIJĮıȘĮʌȩIJȘȞIJİȜȚțȒșȑıȘ
ȇȣșȝȓıIJİIJȠȞİʌȚȜȠȖȑĮıIJȘșȑıȘIJȠȣIJȠʌȚțȠȪİȜȑȖȤȠȣǿȈȤȑįȚȠ
ȈȤȑįȚȠǼʌȚȜȠȖȚțȩȢįȚĮțȩʌIJȘȢ
IJȠʌȚțȩȢȑȜİȖȤȠȢ
ǹȞȠȓȟIJİIJȘȞʌĮȡȠȤȒIJȡȠijȠįȠıȓĮȢ
ȆȚȑıIJİIJȠȝʌȠȣIJȩȞȀȁǼǿȈǿȂȅȈȤȑįȚȠțĮȚʌĮȡĮIJȘȡȒıIJİIJȘȞțĮIJİȪșȣȞıȘ
IJȘȢʌİȡȚıIJȡȠijȒȢ
ĮȞȠįİȓțIJȘȢșȑıȘȢȖȣȡȞȐĮȡȚıIJİȡȩıIJȡȠijĮȘțĮIJİȪșȣȞıȘIJȘȢʌİȡȚıIJȡȠijȒȢ
İȓȞĮȚıȦıIJȒ
ȈȤȑįȚȠȂʌȠȣIJȩȞȀȁǼǿȈǿȂȅ ȈȤȑįȚȠȂʌȠȣIJȩȞȈȉǹȈǾ
ǹȞȘțĮIJİȪșȣȞıȘIJȘȢʌİȡȚıIJȡȠijȒȢİȓȞĮȚȜĮȞșĮıȝȑȞȘ
ĮʌİȞİȡȖȠʌȠȚȒıIJİĮȝȑıȦȢ
ȂİIJȐįȚȠȡșȫıIJİIJȘȞĮȜȜȘȜȠȣȤȓĮIJȦȞijȐıİȦȞıIJȠțĮȜȫįȚȠ
ıȪȞįİıȘȢĮʌȩIJȘȞİʌȚIJȠȓȤȚĮȕȐıȘıIJȒȡȚȟȘȢıIJȠȞ
ıİȡȕȠȝȘȤĮȞȚıȝȩțĮȚİʌĮȞĮȜȐȕĮIJİIJȠįȠțȚȝĮıIJȚțȩȑȜİȖȤȠ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
DzȜİȖȤȠȢIJȦȞȡȣșȝȓıİȦȞIJȦȞȠȡȓȦȞįȚĮįȡȠȝȒȢ
ȉȠʌȠșİIJȒıIJİIJȠįȚĮțȩʌIJȘİʌȚȜȠȖȒȢıIJȘșȑıȘ2))ȈȤȑįȚȠ
ȈȤȑįȚȠǼʌȚȜȠȖȑĮȢǹȃȅǿīȂǹ
ǾIJȡȠijȠįȠıȓĮIJȘȢȝȠȞȐįĮȢİȜȑȖȤȠȣįȚĮIJȘȡİȓIJĮȚıIJȘ
șȑıȘǹȃȅǿīȂǹ
ȂİIJĮțȚȞȒıIJİIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩȤİȚȡȠțȓȞȘIJĮțĮȚıIJȚȢįȪȠIJİȜȚțȑȢșȑıİȚȢ
IJȘȢȕĮȜȕȓįĮȢ
ǼȜȑȖȟIJİĮȞȘȡȪșȝȚıȘIJȦȞȠȡȓȦȞįȚĮįȡȠȝȒȢİȓȞĮȚıȦıIJȒțĮȚȖȚĮIJȚȢįȪȠ
IJİȜȚțȑȢșȑıİȚȢȈIJȠıȘȝİȓȠĮȣIJȩʌĮȡĮIJȘȡȒıIJİȩIJȚȠıȦıIJȩȢįȚĮțȩʌIJȘȢȑȤİȚ
İȞİȡȖȠʌȠȚȘșİȓıİțȐșİIJİȜȚțȒșȑıȘįȚĮįȡȠȝȒȢțĮȚȑȤİȚĮʌİȜİȣșİȡȦșİȓ
ȟĮȞȐĮijȠȪȑȤİȚʌȡĮȖȝĮIJȠʌȠȚȘșİȓȘĮȜȜĮȖȒIJȘȢțĮIJİȪșȣȞıȘȢʌİȡȚıIJȡȠijȒȢ
ǹȞįİȞȑȤİȚȖȓȞİȚĮȣIJȩȘȡȪșȝȚıȘIJȦȞȠȡȓȦȞįȚĮįȡȠȝȒȢʌȡȑʌİȚȞĮ
ȡȣșȝȚıIJİȓȟĮȞȐ
ǹȞȘȡȪșȝȚıȘIJȦȞȠȡȓȦȞįȚĮįȡȠȝȒȢȑȤİȚȖȓȞİȚıȦıIJȐ
īȣȡȓıIJİIJȠȞįȚĮțȩʌIJȘİʌȚȜȠȖȒȢıIJȠȞIJȠʌȚțȩȑȜİȖȤȠǿȈȤȑįȚȠ
ȆȡĮȖȝĮIJȠʌȠȚȒıIJİįȠțȚȝĮıIJȚțȩȑȜİȖȤȠIJȠȣİȜİȖțIJȒȝȑıȦIJȦȞȝʌȠȣIJȩȞ
ǹȃȅǿīȂǹȈȉǹȈǾȀȁǼǿȈǿȂȅ
DzȜİȖȤȠȢIJȠȣIJȡȩʌȠȣȑįȡĮıȘȢ
ȅțĮIJĮıțİȣĮıIJȒȢIJȘȢȕĮȜȕȓįĮȢįȘȜȫȞİȚĮȞIJȠțȜİȓıȚȝȠıIJȚȢIJİȜȚțȑȢșȑıİȚȢ
įȚĮįȡȠȝȒȢʌȡȑʌİȚȞĮȖȓȞİIJĮȚȝİIJȠįȚĮțȩʌIJȘȠȡȓȠȣįȚĮįȡȠȝȒȢıijȡȐȖȚıȝĮȠȡȓȠȣ
ȒȝİIJȠįȚĮțȩʌIJȘȡȠʌȒȢıijȡȐȖȚıȝĮȡȠʌȒȢ
īȚĮȑȜİȖȤȠIJȘȢȡȪșȝȚıȘȢĮȞĮijİȡșİȓIJİıIJȘıİȜȣʌȠʌĮȡȐȖȡĮijȠȢ
DzȜİȖȤȠȢIJȘȢıȣıțİȣȒȢİȞİȡȖȠʌȠȓȘıȘȢ37&ʌȡȠĮȚȡİIJȚțȩȢİȟȠʌȜȚıȝȩȢ
īȣȡȓıIJİIJȠȞİʌȚȜȠȖȑĮıIJȘșȑıȘ7(67ȈȤȑįȚȠ
ǹȞȘıȣıțİȣȒİȞİȡȖȠʌȠȓȘıȘȢ37&įȠȣȜİȪİȚıȦıIJȐȘİȞİȡȖȠʌȠȓȘıȘIJȘȢ
ʌȡȠıIJĮıȓĮȢIJȠȣțȚȞȘIJȒȡĮșĮįȫıİȚıȒȝĮȝȑıȦIJȠȣıȣȜȜȠȖȚțȠȪıȒȝĮIJȠȢ
ıijȐȜȝĮIJȠȢĮȞĮijİȡșİȓIJİıIJȠȘȜİțIJȡȠȜȠȖȚțȩıȤİįȚȐȖȡĮȝȝĮțĮȚȝȑıȦIJȘȢ
İȞįİȚțIJȚțȒȢȜȣȤȞȓĮȢıijȐȜȝĮIJȠȢıIJȠȞIJȠʌȚțȩȑȜİȖȤȠ
ȈȤȑįȚȠǻȚĮțȩʌIJȘȢİʌȚȜȠȖȒȢ7(67
īȣȡȓıIJİIJȠȞİʌȚȜȠȖȑĮıIJȘșȑıȘ5(6(7ȈȤȑįȚȠ
ȉȠıȒȝĮıijȐȜȝĮIJȠȢĮʌĮȜİȓijİIJĮȚĮȞȘıȣıțİȣȒįȠȣȜİȪİȚıȦıIJȐ
ȈȤȑįȚȠǻȚĮțȩʌIJȘȢİʌȚȜȠȖȒȢ5(6(7
ȈİʌİȡȓʌIJȦıȘʌȠȣȠįȚĮțȩʌIJȘȢİʌȚȜȠȖȒȢıIJȘșȑıȘ7(67įİįȓȞİȚıȒȝĮ
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ǹȞȐȜȜİȢİʌȚȜȠȖȑȢʌĮȡȐȖȡĮijȠȚȦȢįİȤȡİȚȐȗȠȞIJĮȚȡȪșȝȚıȘ
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ıIJȠ
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ǼȟĮȚIJȓĮȢIJȠȣȜȩȖȠȣȝİȓȦıȘȢIJȦȞȝȘȤĮȞȚıȝȫȞȝİȓȦıȘȢ
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ʌȡȑʌİȚȞĮʌĮȡȑȤİIJĮȚȝȓĮİȟȦIJİȡȚțȒįȣȞĮIJȩIJȘIJĮȖȚĮȡȪșȝȚıȘ
ʌȠIJİȞıȚȩȝİIJȡȠ
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ȡȪșȝȚıȘțĮȚIJȡȠʌȠʌȠȚİȓıIJİĮȞȤȡİȚĮıIJİȓįİȓIJİȣʌȠʌĮȡȐȖȡĮijȠȒ
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.06 73 B B B B B
ȒĮȖȦȖȫȞ ĮȖȦȖȫȞ
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6
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ȆȜȘıȚȐıIJİIJȘȞIJİȜȚțȒșȑıȘȀȁǼǿȈȉȅȟĮȞȐțĮȚİȜȑȖȟIJİIJȘȞİȜȐȤȚıIJȘIJȚȒ
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ȆȜȘıȚȐıIJİȟĮȞȐțĮȚIJȚȢįȪȠIJİȜȚțȑȢșȑıİȚȢțĮȚİȜȑȖȟIJİIJȚȢȡȣșȝȓıİȚȢǹȞ
İȓȞĮȚĮȞĮȖțĮȓȠįȚȠȡșȫıIJİIJȚȢʌȐȜȚ
ǹȞįİȞİȚȞĮȚįȣȞĮIJȩȞȞĮʌȜȘıȚȐıİIJİIJȚȢIJİȜȚțȑȢIJȚȝȑȢ
ʌȡȑʌİȚȞĮİȜȑȖȟIJİIJȘȞțĮIJĮȜȜȘȜȩIJȘIJĮIJȠȣȝȘȤĮȞȚıȝȠȪ
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ĮʌȩIJȘșȑıȘǹȃȅǿȋȉȅıIJȘșȑıȘȀȁǼǿȈȉȅȒĮȞIJȓıIJȡȠijĮīȚĮIJȠȜȩȖȠ
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ǹȞȠȚıIJȡȠijȑȢĮȞȐįȚĮįȡȠȝȒIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪĮȜȜĮȤșȠȪȞĮȡȖȩIJİȡĮ
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ȀĮșĮȡȓıIJİIJȚȢİʌȚijȐȞİȚİȢıIJİȖĮȞȠʌȠȓȘıȘȢIJȠȣʌȡȠıIJĮIJİȣIJȚțȠȪ
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ǼȜȑȟIJİIJȠȣȢįĮȤIJȣȜȓȠȣȢıIJİȖȐȞȦıȘȢ2ULQJȩIJȚȕȡȓıțȠȞIJĮȚıİțĮȜȒ
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ȕȓįİȢIJȠȓįȚȠıIJĮȣȡȦIJȐ
ǼȜȑȖȟIJİIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞȖȚĮ
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ijȚȞȓȡȚıȝĮIJȘȢȝʌȠȖȚȐȢȝİIJȐIJȘȞIJȠʌȠșȑIJȘıȘʌȡȑʌİȚȞĮ
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ȇȣșȝȓıIJİIJȘȞĮȞȐįȡĮıȘIJȘȢșȑıȘȢıȪȝijȦȞĮȝİIJȘȞʌĮȡȐȖȡĮijȠțĮȚ
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ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
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įİȓIJİIJĮijȪȜȜĮIJİȤȞȚțȫȞȤĮȡĮțIJȘȡȚıIJȚțȫȞȖȚĮȡȣșȝȚıIJȚțȠȪȢ
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VĮȡȚıIJİȡȩVWRSțĮȚVįİȟȓVWRSȝʌȠȡȠȪȞȞĮȡȣșȝȚıIJȠȪȞȝİIJȠ
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ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȈȤȑįȚȠȀȐȜȣȝȝĮȖȚĮȡȣșȝȚıIJȒșȑıȘȢ
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ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
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ȜİȚIJȠȣȡȖȓĮ
ȈİʌİȡȓʌIJȦıȘʌȠȣȣʌȐȡȤİȚȘȜİțIJȡȠȞȚțȩȢȝİIJĮįȩIJȘȢșȑıȘȢIJȪʌȠȣ5:*
ʌȡȠĮȚȡİIJȚțȩȢİȟȠʌȜȚıȝȩȢȠȚıȣȞįȑıİȚȢțȩțțȚȞȠțĮȚȝĮȪȡȠʌȐȞȦ
ıIJȘȞʌȜĮțȑIJĮIJȠȣįȩIJȘșȑıȘȢȈȤȑįȚȠIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪʌȡȑʌİȚ
ȞĮĮȜȜĮȤșȠȪȞ
ȈİʌİȡȓʌIJȦıȘʌȠȣİȓȞĮȚİȖțĮIJİıIJȘȝȑȞȠʌȠIJİȞıȚȩȝİIJȡȠʌȡȠĮȚȡİIJȚțȩȢ
İȟȠʌȜȚıȝȩȢʌȡȑʌİȚȞĮȖȓȞİȚĮȞIJĮȜȜĮȖȒIJȦȞıȣȞįȑıİȦȞțȩțțȚȞȘțĮȚ
ȝĮȪȡȘIJȠȣʌȠIJİȞıȚȩȝİIJȡȠȣ
ȆȡȚȞȟİțȚȞȒıİȚȘȡȪșȝȚıȘIJȠȣȡȣșȝȚıIJȒșȑıȘȢȕİȕĮȚȦșİȓIJİȩIJȚ
ȠȚįȚĮțȩʌIJİȢȡȠʌȒȢțĮȚȠȡȓȠȣIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪțĮșȫȢ
țĮȚȘĮȞȐįȡĮıȘȑȤȠȣȞʌȡȠȖȡĮȝȝĮIJȚıIJİȓʌĮȡȐȖȡĮijȠȚ
țĮȚ
įȚĮįȡȠȝȒȢǹȃȅǿȋȉȅ23(1
ǻȫıIJİʌĮȡȠȤȒȠȞȠȝĮıIJȚțȒȢIJȚȝȒȢ(ȒP$įİȓIJİȘȜİțIJȡȠȜȠȖȚțȩ
ıȤİįȚȐȖȡĮȝȝĮ
īȣȡȓıIJİIJȠʌȠIJİȞıȚȩȝİIJȡȠ©WRIIª3ĮȡȚıIJİȡȩıIJȡȠijĮʌȡȠȢIJȠIJȑȡȝĮ
ȈȤȑįȚȠ
ǹʌȫȜİȚİȢıȘȝȐIJȦȞ((ȒȜĮȞșĮıȝȑȞȘʌȠȜȚțȩIJȘIJĮ
İȞįİȚțȞȪȠȞIJĮȚȝİȜȣȤȞȓİȢ9©((P$ªıȤȑįȚĮ
Ȓ
ȈȣȞįȑıIJİIJȠȕȠȜIJȩȝİIJȡȠıIJĮıȘȝİȓĮȝȑIJȡȘıȘȢ03DQG03ȈȤȑįȚȠ
ȖȚĮȝȑIJȡȘıȘIJȘȢȠȞȠȝĮıIJȚțȒȢIJȚȝȒȢ±9
īȚĮȠȞȠȝĮıIJȚțȒIJȚȝȒ(P$IJȠȕȠȜIJȩȝİIJȡȠįİȓȤȞİȚ9
īȚĮȠȞȠȝĮıIJȚțȒIJȚȝȒ(P$IJȠȕȠȜIJȩȝİIJȡȠįİȓȤȞİȚ9
ȈİʌİȡȓʌIJȦıȘʌȠȣȘȠȞȠȝĮıIJȚțȒIJȚȝȒ9Ȓ9İȓȞĮȚȜĮȞșĮıȝȑȞȘ
ǻȚȠȡșȫıIJİIJȠıȒȝĮȠȞȠȝĮıIJȚțȒȢIJȚȝȒȢıIJȠȤȫȡȠİȜȑȖȤȠȣ
ȈȣȞįȑıIJİIJȠȕȠȜIJȩȝİIJȡȠıIJĮıȘȝİȓĮȝȑIJȡȘıȘȢ03țĮȚ03ȖȚĮȝȑIJȡȘıȘ
IJȠȣıȒȝĮIJȠȢʌȡĮȖȝĮIJȚțȒȢIJȚȝȒȢ
īȚĮʌȡĮȖȝĮIJȚțȒIJȚȝȒ(P$IJȠȕȠȜIJȩȝİIJȡȠįİȓȤȞİȚ9
īȚĮʌȡĮȖȝĮIJȚțȒIJȚȝȒ(P$IJȠȕȠȜIJȩȝİIJȡȠįİȓȤȞİȚ9
ȇȣșȝȓıIJİIJȘȞĮȞȐįȡĮıȘIJȘȢșȑıȘȢıȪȝijȦȞĮȝİIJȘȞʌĮȡȐȖȡĮijȠțĮȚ
țĮȚİʌĮȞĮȜȐȕİIJݳȡȪșȝȚıȘIJȠȣȝİIJĮįȩIJȘșȑıȘȢ´
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ıȤȑįȚĮțĮȚ ıȤȑįȚĮțĮȚ
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ȅȚȜȣȤȞȓİȢįİȞĮȞȐȕȠȣȞ
9ʌȡȐıȚȞȘȞĮĮȞȐȥİȚ
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ȉȩIJİ
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IJȘȢʌȡĮȖȝĮIJȚțȒȢIJȚȝȒȢ(
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įİȓȤȞİȚ9
ǹȞȘȝİIJȡȠȪȝİȞȘIJȚȝȒįİȞİȓȞĮȚıȦıIJȒ
ȇȣșȝȓıIJİIJȘșȑıȘĮȞȐįȡĮıȘȢıȪȝijȦȞĮȝİIJȘȞʌĮȡȐȖȡĮijȠțĮȚțĮȚ
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ȈȣȞįȑıIJİIJȠȕȠȜIJȩȝİIJȡȠıIJĮıȘȝİȓĮȝȑIJȡȘıȘȢ03țĮȚ03ȖȚĮȝȑIJȡȘıȘ
IJȘȢȠȞȠȝĮıIJȚțȒȢIJȚȝȒȢ(
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ǹȞȘȝİIJȡȠȪȝİȞȘIJȚȝȒįİȞİȓȞĮȚ9
ǼȜȑȖȟIJİIJȘȞİȟȦIJİȡȚțȒʌĮȡȠȤȒİȞIJȠȜȒȢıȒȝĮIJȠȢ(
ȆȓȞĮțĮȢ
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ıȤȑįȚĮțĮȚ ıȤȑįȚĮțĮȚ
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ȅȚȜȣȤȞȓİȢįİȞĮȞȐȕȠȣȞ
ȜȣȤȞȓĮ9țȓIJȡȚȞȘȞĮĮȞȐȥİȚ
īȣȡȓıIJİIJȠʌȠIJİȞıȚȩȝİIJȡȠ©PD[ª3įİȟȚȩıIJȡȠijĮȝȑȤȡȚȘȜȣȤȞȓĮ
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ĮȞȐȕİȚ
ȉȩIJİ
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ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ǻȚĮȚȡİȝȑȞȠıȒȝĮʌİȡȚȖȡĮijȒIJȦȞȜİȚIJȠȣȡȖȚȫȞ
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ȞĮȝȠȚȡĮıIJİȓȝȑȤȡȚțĮȚȝİIJĮȟȪIJİııȐȡȦȞȡȣșȝȚıIJȫȞșȑıȘȢDzȞĮIJȣʌȚțȩ
ʌĮȡȐįİȚȖȝĮİȓȞĮȚȑȞĮȢĮȖȦȖȩȢȝİʌĮȡȐțĮȝȥȘȅıİȡȕȠȝȘȤĮȞȚıȝȩȢ
IJȠʌȠșİIJȘȝȑȞȠȢıIJȘȞʌĮȡȐțĮȝȥȘĮȞIJȚįȡȐıIJȠȤĮȝȘȜȩIJİȡȠİȪȡȠȢ
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ȑțįȠıȘįȚĮȚȡİȝȑȞȠȣıȒȝĮIJȠȢ
ȆȓȞĮțĮȢǻȣȞĮIJȑȢȡȣșȝȓıİȚȢȖȚĮȜİȚIJȠȣȡȖȓĮįȚĮȚȡİȝȑȞȠȣıȒȝĮIJȠȢ
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İʌȚșȣȝȘIJȩ ǹȞȐįȡĮıȘ ȂȑıȦ',3įȚĮțȩʌIJȘ
ıȘȝİȓȠ( ȆȡĮȖȝĮIJȚțȒIJȚȝȒ( 6ȈȤȑįȚȠ
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ĮțȡȚȕİȓĮȢN
ȅİʌȚʌȜȑȠȞʌȡȠȖȡĮȝȝĮIJȚıȝȩȢIJȠȣȡȣșȝȚıIJȒșȑıȘȢȝȑıȦIJȦȞįȚĮțȠʌIJȫȞ
6țĮȚ6ȝʌȠȡİȓȞĮȖȓȞİȚțĮIJȐIJȠȞȓįȚȠIJȡȩʌȠȩʌȦȢțĮIJȐIJȘȞțĮȞȠȞȚțȒ
ȜİȚIJȠȣȡȖȓĮ
ȝȑIJȡȘıȘȢȂȇțĮȚȂȇȈȤȑįȚȠ
ȈȣȞįȑıIJİIJȠȕȠȜIJȩȝİIJȡȠȝİIJĮȟȪIJȦȞıȘȝİȓȦȞȂțĮȚȂȇ
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ĬȑıIJİIJȘȞĮȡȤȚțȒIJȚȝȒȝİIJȠʌȠIJİȞıȚȩȝİIJȡȠȇ
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ʌȠIJİȞıȚȩȝİIJȡȠȇıIJĮ9
ǻȫıIJİıȒȝĮİȚıȩįȠȣǼĮʌȩİȜȐȤȚıIJȘıİȝȑȖȚıIJȘIJȚȝȒțĮȚİȜȑȖȟIJİIJȘ
ȡȪșȝȚıȘIJȠȣİȪȡȠȣȢ9ıIJȠıȘȝİȓȠȝȑIJȡȘıȘȢȂǹȞțȡȚșİȓĮȞĮȖțĮȓȠ
İʌĮȞĮȡȚșȝİȓıIJİȝİȇȒȇ
ȀȐȞIJİIJȘȞȓįȚĮįȚĮįȚțĮıȓĮıIJȠȞȡȣșȝȚıIJȒșȑıȘȢIJȠȣįİȪIJİȡȠȣ
ıİȡȕȠȝȘȤĮȞȚıȝȠȪțĮȚȡȣșȝȓıIJİıȪȝijȦȞĮȝİIJȚȢıȣȖțİțȡȚȝȑȞİȢ
ȠȞȠȝĮıIJȚțȑȢIJȚȝȑȢǼ
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ȣʌİȡijȩȡIJȦıȘȢȝȑıĮıIJȠȞİȜȑȖțIJȒʌȡȠĮȚȡİIJȚțȐ
ǾȜİȚIJȠȣȡȖȓĮȝʌȠȡİȓȞĮıȣȞİȤȚıIJİȓȝȩȞȠĮijȠȪȑȤİȚĮȜȜȐȟİȚȘȑȞįİȚȟȘıIJȠ
ıȒȝĮıijȐȜȝĮIJȠȢțȩțțȚȞȘȜȣȤȞȓĮȑȞįİȚȟȘȢǾȑȞįİȚȟȘıIJȠıȒȝĮıijȐȜȝĮIJȠȢ
ȝʌȠȡİȓȞĮĮȜȜȐȟİȚȝȑıȦIJȠȣȡİȜȑȣʌİȡijȩȡIJȦıȘȢIJȠȠʌȠȓȠȕȡȓıțİIJĮȚıIJȠȞ
İȜȑȖțIJȒIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪīȚĮIJȠȜȩȖȠĮȣIJȩʌȡȑʌİȚȞĮĮȞȠȓȟİȚIJȠ
țȐȜȣȝȝĮIJȠȣİȜİȖțIJȒıİȜțĮȚIJȠȡİȜȑȞĮțȡĮIJȘșİȓʌĮIJȘȝȑȞȠȉȠ
ȡİȜȑȕȡȓıțİIJĮȚʌȐȞȦıIJȚȢİʌĮijȑȢ
DzțįȠıȘȝİʌȡȠıIJĮıȓĮ37&șİȡȝȓıIJȠȡʌȡȠĮȚȡİIJȚțȐ
ǾȜİȚIJȠȣȡȖȓĮȝʌȠȡİȓȞĮıȣȞİȤȓıİȚȝȩȞȠĮijȠȪȑȤİȚĮȜȜȐȟİȚȘȑȞįİȚȟȘıIJȠ
ıȒȝĮıijȐȜȝĮIJȠȢțȩțțȚȞȘȜȣȤȞȓĮıȒȝĮIJȠȢȉȠıȒȝĮıijȐȜȝĮIJȠȢ
ĮʌĮȜİȓijİIJĮȚȝȑıȦIJȠȣįȚĮțȩʌIJȘİʌȚȜȠȖȒȢıIJȘșȑıȘ5(6(7ȈȤȑįȚȠ
IJȦȞIJȠʌȚțȫȞȤİȚȡȚıIJȘȡȓȦȞ
ȈȤȑįȚȠǼʌȚȜȠȖȑĮȢĮʌĮȜȠȚijȒȢ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ıȪȝijȦȞĮȝİIJȘȞ$80$ʌȜȘȡȠȪȞIJȚȢĮțȩȜȠȣșİȢʌȡȠįȚĮȖȡĮijȑȢ
ȂȑȖȚıIJȠȢȤȡȩȞȠȢȕȪșȚıȘȢıİȞİȡȩȫȡİȢ
ȂȑȖȚıIJȠȢȕȐșȠȢȕȪșȚıȘȢP
ȀĮIJȐIJȘįȚȐȡțİȚĮIJȘȢȕȪșȚıȘȢȝʌȠȡȠȪȞȞĮİțIJİȜİıIJȠȪȞȝȑȤȡȚ
ȜİȚIJȠȣȡȖȓİȢʌİȡȚıIJȡȠijȒȢ
ȀĮIJȐIJȘȕȪșȚıȘįİȞİȓȞĮȚįȣȞĮIJȒȘȡȣșȝȚıIJȚțȒȜİȚIJȠȣȡȖȓĮ
ǾʌȡȠıIJĮıȓĮ,3ĮȞĮijȑȡİIJĮȚıIJȠİıȦIJİȡȚțȩIJȦȞıİȡȕȠȝȘȤĮȞȚıȝȫȞ
țȚȞȘIJȒȡĮȢȖȡĮȞȐȗȚĮȤȫȡȠȢįȚĮțȠʌIJȫȞİȜİȖțIJȑȢțĮȚȤȫȡȠȢİʌĮijȫȞ
ǼʌȚșİȫȡȘıȘ
ȅȚıİȡȕȠȝȘȤĮȞȚıȝȠȓ$80$țĮȚȠȚȝȠȞȐįİȢİȜȑȖȤȠȣȝİȕĮșȝȩʌȡȠıIJĮıȓĮȢ
,3ȣʌȩțİȚȞIJĮȚıİİȡȖȠıIJĮıȚĮțȠȪȢİȜȑȖȤȠȣȢıIJİȖĮȞȩIJȘIJĮȢ
ȀĮȜȫįȚĮȝİʌȡȠıIJĮıȓĮȑȞĮȞIJȚİȚıȡȠȒȢ
īȚĮIJȚȢİȚıĮȖȦȖȑȢIJȦȞțĮȜȦįȓȦȞIJȠȣțȚȞȘIJȒȡĮțĮȚIJȠȣİȜİȖțIJȒ
țĮIJȐȜȜȘȜȠȚıIJȣʌȚȠșȜȓʌIJİȢȝİʌȡȠıIJĮıȓĮǿȇȑȞĮȞIJȚİȚıȡȠȒȢʌȡȑʌİȚȞĮ
ȤȡȘıȚȝȠʌȠȚȠȪȞIJĮȚȉȠȝȑȖİșȠȢIJȦȞıIJȣʌȚȠșȜȚʌIJȫȞȝİʌȡȠıIJĮıȓĮȑȞĮȞIJȚ
İȚıȡȠȒȢʌȡȑʌİȚȞĮȑȤȠȣȞIJȘȞțĮIJȐȜȜȘȜȘİȟȦIJİȡȚțȒįȚȐȝİIJȡȠIJȦȞ
țĮȜȦįȓȦȞ
ȈIJȘȞȕĮıȚțȒȑțįȠıȘȠȚıİȡȕȠȝȘȤĮȞȚıȝȠȓțĮȚȠȚİȜİȖțIJȑȢʌȡȠȝȘșİȪȠȞIJĮȚ
ȤȦȡȓȢıIJȣʌȚȠșȜȓʌIJİȢȝİʌȡȠıIJĮıȓĮȑȞĮȞIJȚİȚıȡȠȒȢīȚĮIJȘȞʌĮȡȐįȠıȘIJĮ
ıʌİȚȡȫȝĮIJĮıijȡĮȖȓȗȠȞIJĮȚȝİȕȪıȝĮIJĮıIJȠİȡȖȠıIJȐıȚȠțĮIJĮıțİȣȒȢ
ǵIJĮȞȖȓȞİIJĮȚȘʌĮȡĮȖȖİȜȓĮIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪȘ$80$ȝʌȠȡİȓȞĮ
ʌȡȠȝȘșİȪıİȚıIJȣʌȚȠșȜȓʌIJİȢȝİʌȡȠıIJĮıȓĮȑȞĮȞIJȚİȚıȡȠȒȢȝİİʌȚʌȜȑȠȞ
țȩıIJȠȢǼȓȞĮȚĮʌĮȡĮȓIJȘIJȠȞĮįȘȜȫıIJİIJȘȞİȟȦIJİȡȚțȒįȚȐȝİIJȡȠIJȦȞ
țĮȜȦįȓȦȞ
ȈIJȠȣȢıIJȣʌȚȠșȜȓʌIJİȢȝİʌȡȠıIJĮıȓĮȑȞĮȞIJȚİȚıȡȠȒȢʌȡȑʌİȚȞĮ
ıIJİȖĮȞȠʌȠȚȠȪȞIJĮȚIJĮıʌİȚȡȫȝĮIJĮIJȠȣȢȝİȑȞĮ2ULQJįĮȤIJȪȜȚȠ
ȈȣȞȚıIJȐIJĮȚȞĮIJȠʌȠșİIJİȓIJĮȚİʌȚʌȜȑȠȞȑȞĮȣȖȡȩȣȜȚțȩıIJİȖĮȞȠʌȠȓȘıȘȢ
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ĬȑıȘıİȜİȚIJȠȣȡȖȓĮ
ǵIJĮȞȖȓȞİIJĮȚșȑıȘıİȜİȚIJȠȣȡȖȓĮIJĮʌĮȡĮțȐIJȦʌȡȑʌİȚȞĮʌĮȡĮIJȘȡȠȪȞIJĮȚ
ȅȚİʌȚijȐȞİȚİȢıIJİȖĮȞȠʌȠȓȘıȘȢIJȠȣʌȡȠıIJĮIJİȣIJȚțȠȪțĮȜȪȝȝĮIJȠȢțĮȚIJȠȣ
țİȜȪijȠȣȢʌȡȑʌİȚȞĮİȓȞĮȚțĮșĮȡȑȢ
ȉĮ2ULQJVįĮțIJȪȜȚȠȚıIJİȖȐȞȦıȘȢIJȦȞțĮȜȣȝȝȐIJȦȞʌȡȑʌİȚȞĮİȓȞĮȚıİ
țĮȜȒțĮIJȐıIJĮıȘ
DzȞĮȜİʌIJȩıIJȡȫȝĮȜȚʌĮȞIJȚțȠȪȝȘȩȟȚȞȠȣȞĮIJȠʌȠșİIJİȓIJĮȚıIJȚȢİʌȚijȐȞİȚİȢ
ıIJİȖȐȞȦıȘȢ
ȉĮțĮȜȪȝȝĮIJĮʌȡȑʌİȚȞĮİȓȞĮȚıijȚțIJȐȚıȠįȪȞĮȝĮțĮȚıIJĮșİȡȐ
ȂİIJȐIJȘȕȪșȚıȘ
ǼȜȑȖȟIJİIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩ
ȈİʌİȡȓʌIJȦıȘİȚıȡȠȒȢȞİȡȠȪıIJİȖȞȫıIJİIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩıȦıIJȐțĮȚ
İȜȑȖȟIJİIJȘȜİȚIJȠȣȡȖȓĮIJȠȣ
ȆİȡĮȚIJȑȡȦıȘȝİȚȫıİȚȢ
ǵIJĮȞȤȡȘıȚȝȠʌȠȚİȓIJİIJȪʌȠıȪȞįİıȘȢǹțĮȚ$)ʌİȡȚțȩȤȜȚȠįİȞȝʌȠȡİȓ
ȞĮĮʌȠijİȣȤșİȓțĮIJȐIJȘȕȪșȚıȘȘİȚıȡȠȒȞİȡȠȪĮʌȩIJȠȞțȠȓȜȠȐȟȠȞĮțĮIJȐ
ȝȒțȠȢIJȠȣȐȟȠȞĮIJȘȢȕĮȜȕȓįĮȢǹȣIJȩȠįȘȖİȓıİįȚȐȕȡȦıȘȉȠȞİȡȩİȚıȡȑİȚ
İʌȓıȘȢĮʌȩIJĮȡȠȣȜİȝȐȞȑįȡĮıȘȢIJȠȣIJȪʌȠȣıȪȞįİıȘȢǹįȘȝȚȠȣȡȖȫȞIJĮȢ
įȚȐȕȡȦıȘțĮȚțĮIJĮıIJȡȑijȠȞIJĮȢIJĮȡȠȣȜİȝȐȞīȚĮIJȠȜȩȖȠĮȣIJȩȠȚIJȪʌȠȚ
ıȪȞįİıȘȢǹțĮȚ$)įİȞșĮʌȡȑʌİȚȞĮȤȡȘıȚȝȠʌȠȚȠȪȞIJĮȚıİȕȪșȚıȘ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ȅȚıİȡȕȠȝȘȤĮȞȚıȝȠȓȑȤȠȣȞıȤİįȚĮıIJİȓȞĮıȣȞĮȞIJȠȪȞIJȚȢĮʌĮȚIJȒıİȚȢIJȠȣ
ȕĮșȝȠȪʌȡȠıIJĮıȓĮȢ,3Ȓ,3țĮȚȞĮıȣȝʌȜȘȡȫȞȠȣȞIJȚȢĮʌĮȚIJȒıİȚȢIJȘȢ
(1IJȝȒȝĮȤȡȒıȘȘȜİțIJȡȚțȒȢıȣıțİȣȒȢȝİʌĮȡȠȣıȓĮ
İʌȚțȓȞįȣȞȘȢțĮȪıȚȝȘȢıțȩȞȘȢIJȚȢĮʌĮȚIJȒıİȚȢȖȚĮȘȜİțIJȡȚțȩİȟȠʌȜȚıȝȩ
țĮIJȘȖȠȡȓĮȢʌȡȠıIJĮIJİȣȩȝİȞȠĮʌȩʌİȡȚȕȜȒȝĮIJĮ
īȚĮıȣȝȕĮIJȩIJȘIJĮȝİȩȜİȢIJȚȢĮʌĮȚIJȒıİȚȢIJȠȣʌȡȩIJȣʌȠȣ(1
IJĮʌĮȡĮțȐIJȦʌȡȑʌİȚȞĮȜȘijșȠȪȞȣʌ¶ȩȥȚȞ
ȈİıȣȝȝȩȡijȦıȘȝİIJȘȞțĮIJİȣșȣȞIJȒȡȚĮȠįȘȖȓĮ$7(;(&ȠȚ
ıİȡȕȠȝȘȤĮȞȚıȝȠȓʌȡȑʌİȚȞĮİȓȞĮȚİȟȠʌȜȚıȝȑȞȠȚȝİȝȚĮİʌȚʌȡȩıșİIJȘ
ĮȞĮȖȞȫȡȚıȘ±,,',3;7&
ǾȝȑȖȚıIJȘșİȡȝȠțȡĮıȓĮİʌȚijȐȞİȚĮȢIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪȕĮıȚȗȩȝİȞȘ
ıİȝȚĮșİȡȝȠțȡĮıȓĮʌİȡȚȕȐȜȜȠȞIJȠȢ&ıİıȣȝijȦȞȓĮȝİIJȠʌȡȩIJȣʌȠ
(1IJȝȒȝĮİȓȞĮȚ&ȈİıȣȝijȦȞȓĮȝİIJȠIJȝȒȝĮ
ȝȓĮĮȣȟȘȝȑȞȘİʌȚțȐșȚıȘıțȩȞȘȢʌȐȞȦıIJȠȞİȟȠʌȜȚıȝȩįİȞȑȤİȚ
ȣʌȠȜȠȖȚıIJİȓȖȚĮIJȠȞʌȡȠıįȚȠȡȚıȝȩIJȘȢȝȑȖȚıIJȘȢșİȡȝȠțȡĮıȓĮȢİʌȚijĮȞİȓĮȢ
ǾıȦıIJȒıȪȞįİıȘIJȦȞșİȡȝȠįȚĮțȠʌIJȫȞȒIJȦȞ37&șİȡȝȓıIJȠȡțĮșȫȢ
İʌȓıȘȢȠʌȡȠıįȚȠȡȚıȝȩȢIJȠȣIJȪʌȠȣȜİȚIJȠȣȡȖȓĮȢțĮȚIJȦȞIJİȤȞȚțȫȞ
ȤĮȡĮțIJȘȡȚıIJȚțȫȞİȓȞĮȚĮȞĮȖțĮȓİȢʌȡȠȨʌȠșȑıİȚȢȖȚĮıȣȝȕĮIJȩIJȘIJĮȝİ
IJȘȝȑȖȚıIJȘșİȡȝȠțȡĮıȓĮİʌȚijȐȞİȚĮȢIJȦȞıİȡȕȠȝȘȤĮȞȚıȝȫȞʌȠȜȜĮʌȜȫȞ
ʌİȡȚıIJȡȠijȫȞ
ȉȠȕȪıȝĮıȪȞįİıȘȢȝʌȠȡİȓȞĮıȣȞįİșİȓȒȞĮĮʌȠıȣȞįİșİȓȝȩȞȠȩIJĮȞ
ȠıİȡȕȠȝȘȤĮȞȚıȝȩȢțĮȚȠİȜİȖțIJȒȢİȓȞĮȚĮʌȠıȣȞįİįİȝȑȞĮĮʌȩIJȘȞ
țİȞIJȡȚțȒʌĮȡȠȤȒ
ȅȚıIJİȚʌȚȠșȜȣʌIJİȢȝİİȚįȚțȒʌȡȠıIJĮıȓĮȑȞĮȞIJȚįȚĮȡȡȠȒȢȠȚȠʌȠȓȠȚ
ȤȡȘıȚȝȠʌȠȚȠȪȞIJĮȚʌȡȑʌİȚİʌȓıȘȢȞĮʌȜȘȡȠȪȞIJȚȢĮʌĮȚIJȒıİȚȢIJȘȢ
țĮIJȘȖȠȡȓĮȢ,,'țĮȚʌȡȑʌİȚȞĮıȣȝȕĮįȓȗȠȣȞȝİȕĮșȝȩʌȡȠıIJĮıȓĮȢǿȇ
ȅȚıİȡȕȠȝȘȤĮȞȚıȝȠȓʌȡȑʌİȚȞĮİȓȞĮȚıȣȞįİįİȝȑȞȠȚȝİİȟȦIJİȡȚțȒȖİȓȦıȘ
ȝȑȡȠȢIJȠȣİʌȚʌȡȩıșİIJȠȣİȟȠʌȜȚıȝȠȪʌȡȠȢIJȘȞİȟȓıȦıȘIJȠȣįȣȞĮȝȚțȠȪ
ȒȞĮİȓȞĮȚıȣȞįİȝȑȞȠȚȝİȑȞĮȖİȚȦȝȑȞȠıȪıIJȘȝĮĮȖȦȖȫȞ
ȀĮIJȐȖİȞȚțȩțĮȞȩȞĮȠȚĮʌĮȚIJȒıİȚȢIJȠȣʌȡȠIJȪʌȠȣǼȃʌȡȑʌİȚ
ȞĮIJȘȡȠȪȞIJĮȚıİIJȠʌȠșİıȓİȢȩʌȠȣȣʌȐȡȤİȚțĮȪıȚȝȘıțȩȞȘȀĮIJȐIJȘ
įȚȐȡțİȚĮIJȘȢșȑıȘȢıİȜİȚIJȠȣȡȖȓĮIJȠȣİȜȑȖȤȠȣțĮȚIJȘȢıȣȞIJȒȡȘıȘȢ
ĮȞIJȓıIJȠȚȤȘİȚįȚțȒȝİIJĮȤİȓȡȚıȘțĮșȫȢțĮȚİȟİȚįȚțİȣȝȑȞȠʌȡȠıȦʌȚțȩ
ĮʌĮȚIJİȓIJĮȚȖȚĮIJȘȞĮıijĮȜȒȜİȚIJȠȣȡȖȓĮIJȦȞıİȡȕȠȝȘȤĮȞȚıȝȫȞʌȠȜȜĮʌȜȫȞ
ʌİȡȚıIJȡȠijȫȞ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȈȣȞIJȒȡȘıȘ
ȂİIJȐIJȘȞșȑıȘıİȜİȚIJȠȣȡȖȓĮİȜȑȖȟIJİIJȠȞıİȡȕȠȝȘȤĮȞȚıȝȩʌȠȜȜĮʌȜȫȞ
ʌİȡȚıIJȡȠijȫȞȖȚĮijșȠȡȑȢıIJȠijȚȞȓȡȚıȝĮIJȘȢȝʌȠȖȚȐȢȀȐȞIJİȑȞĮ
ȡİIJȠȣıȐȡȚıȝĮıIJȘȝʌȠȖȚȐȖȚĮȞĮĮʌȠijİȣȤșİȓȘįȚȐȕȡȦıȘȂȚțȡȑȢ
ʌȠıȩIJȘIJİȢȝʌȠȖȚȐȢȝʌȠȡİȓIJİȞĮʌȡȠȝȘșİȣIJİȓIJİĮʌȩIJȘȞ$80$
ȅȚıİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ$80$ĮʌĮȚIJȠȪȞȝȚțȡȒ
ıȣȞIJȒȡȘıȘǾıȦıIJȒșȑıȘıİȜİȚIJȠȣȡȖȓĮİȓȞĮȚʌȡȠĮʌĮȚIJȠȪȝİȞȘȖȚĮȝȚĮ
ĮȟȚȩʌȚıIJȘȜİȚIJȠȣȡȖȓĮ
ȈIJİȖȞȦIJȚțȐĮʌȩİȜĮıIJȠȝİȡȑȢȣȜȚțȩijșİȓȡȠȞIJĮȚȝİIJȠȤȡȩȞȠțĮȚʌȡȑʌİȚȖȚĮIJȠ
ȜȩȖȠĮȣIJȩȞĮİȜȑȖȤȠȞIJĮȚIJĮțIJȚțȐțĮȚĮȞȤȡİȚȐȗİIJĮȚȞĮȖȓȞİIJĮȚĮȞIJȚțĮIJȐıIJĮıȘ
ǼȓȞĮȚİʌȓıȘȢıȘȝĮȞIJȚțȩȠȚįĮțIJȪȜȚȠȚȅULQJVıIJĮțĮȜȪȝȝĮIJĮȞĮ
IJȠʌȠșİIJȠȪȞIJĮȚıȦıIJȐțĮȚIJĮțĮȜȫįȚĮȝİʌȡȠıIJĮıȓĮȑȞĮȞIJȚįȚĮȡȡȠȒȢȞĮ
ıijȓȖȖȠȞIJĮȚȫıIJİȞĮĮʌȠijİȪȖİIJĮȚȘİȓıȠįȠȢȕȡȦȝȚȐȢȒȞİȡȠȪ
ǼʌȚʌȜȑȠȞıȣȞȚıIJȐIJĮȚ
ǹȞȤȡȘıȚȝȠʌȠȚİȓIJĮȚıʌȐȞȚĮȠıİȡȕȠȝȘȤĮȞȚıȝȩȢȞĮʌȡĮȖȝĮIJȠʌȠȚİȓIJĮȚ
ȝȚĮȜİȚIJȠȣȡȖȓĮİȜȑȖȤȠȣʌİȡȓʌȠȣțȐșİȝȒȞİȢDzIJıȚįȚĮıijĮȜȓȗİIJĮȚȘ
İIJȠȚȝȩIJȘIJĮIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪȖȚĮȜİȚIJȠȣȡȖȓĮ
ȆİȡȓʌȠȣȝȒȞİȢȝİIJȐIJȘȞșȑıȘıİȜİȚIJȠȣȡȖȓĮțĮȚȝİIJȐțȐșİȤȡȩȞȠȞĮ
İȜȑȖȤȠȞIJĮȚIJĮȝʌȠȣȜȩȞȚĮȝİIJĮȟȪIJȠȣıİȡȕȠȝȘȤĮȞȚıȝȠȪțĮȚIJȘȢȕĮȜȕȓįĮȢ
ȝİȚȦIJȒȡĮȖȚĮıIJİȖĮȞȩIJȘIJĮǹȞĮʌĮȚIJİȓIJĮȚıijȓȟIJİIJĮȝʌȠȣȜȩȞȚĮıȪȝijȦȞĮ
ȝİIJȚȢȡȠʌȑȢIJȠȣʌȓȞĮțĮ
īȚĮıİȡȕȠȝȘȤĮȞȚıȝȠȪȢʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞȝİıȪȞįİıȘIJȪʌȠȣǹ
ıİȝİıȠįȚĮıIJȒȝĮIJĮʌİȡȓʌȠȣȝȘȞȫȞȝİIJȐIJȘȞșȑıȘıİȜİȚIJȠȣȡȖȓĮȕȐȜIJİ
ȖȡȐıȠʌȠȜȜĮʌȜȫȞȤȡȒıİȦȞıĮʌȠȣȞȚȠȪȁȚșȓȠȣ(3ıİȕȐıȘȠȡȣțIJȑȜĮȚȠȣ
ȝİʌȚıIJȩȜȚȖȡȐıȠȣȖȚĮʌȠıȩIJȘIJĮįİȓIJİʌȓȞĮțĮ
ȁȓʌĮȞıȘ
ȉȠʌȡȠıIJĮIJİȣIJȚțȩțȐȜȣȝȝĮIJȦȞȖȡĮȞĮȗȚȫȞİȓȞĮȚȖİȝȐIJȠȝİȜȚʌĮȞIJȚțȩĮʌȩ
IJȠİȡȖȠıIJȐıȚȠ
ȂȓĮĮȜȜĮȖȒIJȠȣȖȡȐıȠȣıȣȞȚıIJȐIJĮȚȝİIJȐIJȠȞʌĮȡĮțȐIJȦȤȡȩȞȠȜİȚIJȠȣȡȖȓĮȢ
ǹȞȜİȚIJȠȣȡȖİȓıʌȐȞȚĮȪıIJİȡĮĮʌȩȑIJȘ
ǹȞȜİȚIJȠȣȡȖİȓıȣȤȞȐȝİIJȐĮʌȩȑIJȘ
ǾȜȓʌĮȞıȘIJȠȣȐȟȠȞĮIJȘȢȕĮȜȕȓįĮȢʌȡȑʌİȚȞĮȖȓȞİIJĮȚ
ȟİȤȦȡȚıIJȐ
ǼȞĮʌȩșİıȘțĮȚĮȞĮțȪțȜȦıȘ
ȅȚıİȡȕȠȝȘȤĮȞȚıȝȠȓ$80$ȑȤȠȣȞİȟĮȚȡİIJȚțȐȝİȖȐȜȠȤȡȩȞȠȗȦȒȢȆĮȡ¶ȩȜĮ
ĮȣIJȐʌȡȑʌİȚȞĮĮȞIJȚțĮIJĮıIJĮșȠȪȞțȐʌȠȚĮıIJȚȖȝȒ
ȅȚıİȡȕȠȝȘȤĮȞȚıȝȠȓȑȤȠȣȞȑȞĮȞĮȡșȡȦIJȩıȤİįȚĮıȝȩțĮȚȝʌȠȡȠȪȞİȪțȠȜĮ
ȞĮĮʌȠıȣȞĮȡȝȠȜȠȖȘșȠȪȞįȚĮȤȦȡȚıIJȠȪȞțĮȚȞĮIJĮȟȚȞȠȝȘșȠȪȞȕȐıȘIJȦȞ
ȣȜȚțȫȞțĮIJĮıțİȣȒȢʌȤ
ȘȜİțIJȡȠȜȠȖȚțȐȝȑȡȘ
įȚȐijȠȡĮȝȑIJĮȜȜĮ
ʌȜĮıIJȚțȩ
ȖȡȐıȠțĮȚȜȐįȚĮ
ȉĮʌĮȡĮțȐIJȦȚıȤȪȠȣȞțĮIJȐȖİȞȚțȩțĮȞȩȞĮ
ȈȣȜȜȑȖİIJİIJȠȖȡȐıȠțĮȚIJĮȜȐįȚĮțĮIJȐIJȘįȚȐȡțİȚĮIJȘȢĮʌȠıȣȞĮȡȝȠȜȩȖȘıȘȢ
ȀĮIJȐțĮȞȩȞĮĮȣIJȑȢȠȚȠȣıȓİȢİȓȞĮȚİʌȚțȓȞįȣȞİȢȖȚĮIJȠȞİȡȩțĮȚįİȞʌȡȑʌİȚ
ȞĮİȜİȣșİȡȫȞȠȞIJĮȚıIJȠʌİȡȚȕȐȜȜȠȞ
ȀĮȞȠȞȓıIJİȖȚĮȠȡȖĮȞȦȝȑȞȘįȚĮȤİȓȡȚıȘĮʌȠȕȜȒIJȦȞIJȦȞȣȜȚțȫȞʌȠȣ
ĮʌȠıȣȞĮȡȝȠȜȠȖȒșȘțĮȞȒȖȚĮĮȞĮțȪțȜȦıȘĮȞȐȜȠȖĮȝİIJȠȣȜȚțȩ
ȈȣȝȝȠȡijȦșİȓIJİȝİIJȠȣȢİșȞȚțȠȪȢțĮȞȩȞİȢįȚĮȤİȓȡȚıȘȢĮʌȠȕȜȒIJȦȞ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ȊʌȘȡİıȓİȢ
Ǿ$80$ʌȡȠıijȑȡİȚİțIJİIJĮȝȑȞİȢȣʌȘȡİıȓİȢȩʌȦȢȣʌȠıIJȒȡȚȟȘțĮȚȑȜİȖȤȠ
ȖȚĮıİȡȕȠȝȘȤĮȞȚıȝȠȪȢțĮșȫȢțĮȚįȚȐijȠȡĮʌȡȠȖȡȐȝȝĮIJĮİțʌĮȓįİȣıȘȢ
ȂʌȠȡİȓIJİȞĮįİȓIJİIJȚȢįȚİȣșȪȞıİȚȢIJȦȞȖȡĮijİȓȦȞIJȘȢ$80$țĮșȫȢțĮȚIJȦȞ
ĮʌȠțȜİȚıIJȚțȫȞĮȞIJȚʌȡȠıȫʌȦȞIJȘȢ$80$ıIJȘȞIJİȜİȣIJĮȓĮıİȜȓįĮIJȠȣ
ijȣȜȜĮįȓȠȣțĮșȫȢțĮȚıIJȠ,QWHUQHWıIJȘįȚİȪșȣȞıȘZZZDXPDFRP
ǻİȓȖȝĮʌȚȞĮțȓįĮȢıİȡȕȠȝȘȤĮȞȚıȝȠȪ
3
3
6$5±6$5
33
33
3
3! n 3!
3!2 n 3 !2
33
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
33
3
ȁȓıIJĮĮȞIJĮȜȜĮțIJȚțȫȞIJȦȞıİȡȕȠȝȘȤĮȞȚıȝȫȞʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ
3
3
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
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ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ȈȘȝİȓȦıȘ
ȆĮȡĮțĮȜȠȪȝİĮȞĮijȑȡİIJİIJȪʌȠțĮȚFRPPLVVLRQQRIJȠȣȝȘȤĮȞȒȝĮIJȠȢįİȓIJİʌȚȞĮțȓįĮȩIJĮȞʌĮȡĮȖȖȑȜȞİIJİ
ĮȞIJĮȜȜĮțIJȚțȐȂʌȠȡȠȪȞȞĮȤȡȘıȚȝȠʌȠȚȘșȠȪȞȝȩȞȠIJĮĮȣșİȞIJȚțȐĮȞIJĮȜȜĮțIJȚțȐ$80$ȉĮʌĮȡĮįȠșȑȞIJĮ
ĮȞIJĮȜȜĮțIJȚțȐȝʌȠȡİȓȞĮįȚĮijȑȡȠȣȞĮȞİʌĮȓıșȘIJĮĮʌȩĮȣIJȐʌȠȣʌĮȡȠȣıȚȐȗȠȞIJĮȚıİĮȣIJȑȢIJȚȢȠįȘȖȓİȢ
6$ȝİȡȣșȝȩʌİȡȚıIJȡȠijȒȢȝȑȤȡȚUSPȤȦȡȓȢʌȡȓȗĮțȚȞȘIJȒȡĮIJȠțĮȜȫįȚȠıȣȞįȑİIJĮȚĮʌİȣșİȓĮȢıIJȠȞ
ijȠȡȑĮĮțȡȠįİțIJȫȞQR
ȂȘįȚĮșȑıȚȝȠȖȚĮȩȜİȢIJȚȢIJĮȤȪIJȘIJİȢ
ǻİȞʌİȡȚȜĮȝȕȐȞİIJĮȚıIJȠȞȕĮıȚțȩİȟȠʌȜȚıȝȩ
ȁȓıIJĮĮȞIJĮȜȜĮțIJȚțȫȞȂȠȞȐįĮȢǼȜȑȖȤȠȣ$80$0$7,&
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ǻİȓȖȝĮʌȚȞĮțȓįĮȢİȜİȖțIJȒ
$0 3N:
ȉȪʌȠȢİȜİȖțIJȒ
&RP QR ǹȡȚșȝȩȢʌĮȡĮȖȖİȜȓĮȢ
1R 0$ ǹȡȚșȝȩȢİȡȖȠıIJĮıȓȠȣ
.06 73 ǾȜİțIJȡȚțȩıȤȑįȚȠıȪȞįİıȘȢ
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ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ȈȘȝİȓȦıȘ
ȆĮȡĮțĮȜȠȪȝİĮȞĮijȑȡİIJİIJȪʌȠțĮȚFRPPLVVLRQQRIJȠȣȝȘȤĮȞȒȝĮIJȠȢįİȓIJİʌȚȞĮțȓįĮȩIJĮȞʌĮȡĮȖȖȑȜȞİIJİ
ĮȞIJĮȜȜĮțIJȚțȐȂʌȠȡȠȪȞȞĮȤȡȘıȚȝȠʌȠȚȘșȠȪȞȝȩȞȠIJĮĮȣșİȞIJȚțȐĮȞIJĮȜȜĮțIJȚțȐ$80$ȉĮʌĮȡĮįȠșȑȞIJĮ
ĮȞIJĮȜȜĮțIJȚțȐȝʌȠȡİȓȞĮįȚĮijȑȡȠȣȞĮȞİʌĮȓıșȘIJĮĮʌȩĮȣIJȐʌȠȣʌĮȡȠȣıȚȐȗȠȞIJĮȚıİĮȣIJȑȢIJȚȢȠįȘȖȓİȢ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$ ± 6$ 6$5 ± 6$5
ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0 ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ
ǻȒȜȦıȘȆȚıIJȠʌȠȓȘıȘȢțĮȚǻȒȜȦıȘǼȞıȦȝȐIJȦıȘ
ȈİȡȕȠȝȘȤĮȞȚıȝȠȓʌȠȜȜĮʌȜȫȞʌİȡȚıIJȡȠijȫȞ6$±6$6$5±6$5
ȅįȘȖȓİȢȜİȚIJȠȣȡȖȓĮȢ ȂİȝȠȞȐįİȢİȜȑȖȤȠȣ$80$0$7,&$0$0
ǼȣȡİIJȒȡȚȠ
ǹ Ȁ Ȉ
ǹȞIJȚįȚĮȕȡȦIJȚțȒȆȡȠıIJĮıȓĮ ȀĮIJĮȞȐȜȦıȘȡİȪȝĮIJȠȢ ȈȒȝĮIJĮ
ǹȞIJȓıIJȡȠijȘȜİȚIJȠȣȡȖȓĮ ȀĮIJİȡȖĮıȓĮʌİȡȚțȠȤȜȓȠȣ ȈȒȝĮİȞIJȠȜȒȢ
ǹʌȠșȒțİȣıȘ ȀĮIJİȪșȣȞıȘʌİȡȚıIJȡȠijȒȢ ȈȒȝĮǼʌİȓȖȠȣıĮȢ
ǹʌȠȝĮțȡȣıȝȑȞȘȑȞįİȚȟȘ ȀĮIJȘȖȠȡȓĮȣʌȑȡIJĮıȘȢ ǹȞȐȖțȘȢ
ǹʌȠıȪȞįİıȘįȚĮțȠʌIJȫȞ ȀȜȐıȘȚıȤȪȠȢ ȈȣȜȜȠȖȚțȩıȒȝĮ
ǹʌȫȜİȚĮıȒȝĮIJȠȢ ıijȐȜȝĮIJȠȢ
ǹıijȐȜİȚİȢ ȁ ȈȣȞIJȒȡȘıȘ
ȁİȚIJȠȣȡȖȓĮȝİȝʌȠȣIJȩȞ ȈȪȞIJȠȝȘʌİȡȚȖȡĮijȒ
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ǻȒȜȦıȘǼȞıȦȝȐIJȦıȘȢ ȈȪıIJȘȝĮĮȖȦȖȫȞ
ǻȚĮȚȡȠȪȝİȞȠıȒȝĮ Ȃ ȈȣȤȞȩIJȘIJĮțİȞIJȡȚțȒȢʌĮȡȠȤȒȢ
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ǻȚĮIJȠȝȑȢ ȝİȚȦIJȒȡĮ
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ǼʌȚIJȠȓȤȚĮȕȐıȘ ȆȚȞĮțȓįĮ Ȋ
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șȑıȘȢ5:* ȕȡĮȤȣțȣțȜȫȝĮIJȠȢ ȋȡȠȞȠįȚĮțȩʌIJȘȢ
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Ĭ ȆȡȠıIJĮIJİȣIJȚțȩȢıȦȜȒȞĮȢ ȋȡȩȞȠȢʌĮȪıȘȢ
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