Vous êtes sur la page 1sur 1

)

!"#$%&"'()*+,'-./01'%))
2"03/4)5-61%/01"'-6)

278$68)9'18)
!"# $%&# '()*# +%# ,-*).%&/# *0,*-.*+1*# 2.3'# 2.-.+4# %-# "**5# &+1*-3(.+# '%2# 3%#
,-%1**67# 2*# /3-%+45$# -*1%88*+6# '().+4# (# ,-%"*//.%+(5# 6%# 3'*# ,.19&,#
.+/3(55(3.%+:##;'*#*0,*+/*#/'%&56#+%3#<*#)*-$#4-*(37#(+6#.3#2.55#'*5,#*+/&-*#
$%&#'()*#(#,-%,*-5$#"&+13.%+.+4#.+/3-&8*+3:#

#
:8-8%$7)5-61%/01"'-6)
!"# $%&# '()*# ,&-1'(/*6# %&-# ,.19&,# 3%# -*,5(1*# %+*# 3'(3# ./# 1&--*+35$# .+# $%&-#
4&.3(-7#6%#3'*#"%55%2.+4=#

!
!
!

>*8%)*# $%&-# %56# ,.19&,# 1(-*"&55$:# !+/3(55.+4# $%&-# +*2# ,.19&,# 2.55# <*#
8&1'#*(/.*-#."#$%&#&+/%56*-#$%&-#%-.4.+(5#,.19&,#15*(+5$7#-(3'*-#3'(+#1&3#
.3/#2.-*:#?(9*#(#+%3*#%"#*0(135$#2'*-*#3'*#%56#,.19&,#2(/#1%++*13*6#(/7#
.+#8%/3#1(/*/7#3'*#+*2#%+*#2.55#1%++*13#3%#3'*#/(8*#,5(1*:#
@/*#(#/%56*-.+4#.-%+#2.3'#(#".+*#3.,#ABC#3%#DC#2(33/E# (+6#3'.+#-%/.+#1%-*#
/%56*-#"%-#(55#1%++*13.%+/:#!"#$%&#.+3*+6#3%#&/*#(#8.+.(3&-*#/2.31'#2.3'#3'*#
,.19&,7#&/*#(#'.4'#F&(5.3$#/2.31'#(+6#3-$#3%#<*#(/#15*(+#(/#,%//.<5*#2.3'#
3'*#/%56*-#1%++*13.%+/#3%#()%.6#/'%-3#1.-1&.3/#%-#6(8(4*#3%#3'*#/2.31':#
;%# 3(9*# "&55# (6)(+3(4*# %"# $%&-# +*2# ,.19&,7# 2*# /3-%+45$# -*1%88*+6#
&/.+4# G.?(-H.%# ,(-3/# (+6# '(-62(-*:# G.?(-H.%# %""*-/# 32%# ,&/'I,&55#
J%3*+3.%8*3*-/7#3'*#KJLBMMJJ#ABCMNE#(+6#3'*#KJLBMLJJ#ACMMNE:##O%3'#
%"# 3'*/*# 1%+3-%5/# (-*# /&.3(<5*# "%-# )%5&8*# %-# 3%+*7# 2.3'# 6%&<5*P,%5*7#
6%&<5*P3'-%2# 8.+.(3&-*# /2.31'*/# <&.53# .+:# ;'*# /2.31'*/# ,*-"%-8# *0(135$#
5.9*#/*,(-(3*#8.+.(3&-*#/2.31'*/7#(+6#2*#-*1%88*+6#3'*8#.+#/.3&(3.%+/#
2'*-*# $%&# 6%# +%3# 2(+3# 3%# 6-.55# *03-(# '%5*/# .+# 3'*# "(1*# %-# ,.19# 4&(-6# %"#
$%&-#.+/3-&8*+3:#

#
5#2;<=>9=?) $71@'/A@) '1@8%) B%$-.6) 'C) 4"03/46) D$E) @$F8) 1@8) 6$D8)
0'7'%) G"%86) $6) '/%6H) 1@8) 0'--801"'-6) $%8) -'1) -80866$%"7E) 1@8) 6$D8I))
J'%) '/%) 4"03/4) 1') C/-01"'-) 4%'48%7EH) E'/) D/61) C'77'G) 1@868)
"-61%/01"'-6I)
)
K1$-.$%.)L/DB/03"-A)K8%"86)M"%"-A)
Q55# G.?(-H.%# DP1%+6&13%-# ,.19&,/# '()*# -*67# <5(197# 4-**+# (+6# 2'.3*# 2.-*/:##
;'*#(13&(5#1%5%-#1%6*#"%-#3'*#1%.5/#./#/'%2+#.+#3'./#6.(4-(8=##
#
O^QRN###U]!;K#
#
#
# K1$-.$%.)G"%"-A?),'--801)
#########################;'*#OQ>K#2.-*#(52($/#4%*/#
# B7$03)S)G@"18)1'A81@8%H)
##############################3%#4-%&+6#(+6#./#+%3#/'%2+##
# %8.)"6)@'1H)A%88-)$-.)B$%8)
##############################.+#3'*/*#6.(4-(8/:#
# $%8)A%'/-.I)
)
#
>KG###_>KK`)
#
;'*#/3(+6(-6#2.-.+4#"%-#8&/3#'&8<&19*-/#./#/*-.*/#'&8<&19.+4:#;%#6%#3'./7#
/%56*-#3'*#NO>,P) (+6#ML5=Q) 2.-*/#3%4*3'*-:#R%)*-#3'*#/%56*-#1%++*13.%+#
2.3'#3(,*#/%#.3#6%*/#+%3#3%&1'#(+$#%3'*-#,(-3#%"#3'*#1.-1&.3:#S%56*-#3'*#<Q!)
2.-*# 3%# 3'*# '%3# 1%++*13.%+# .+# 3'*# 4&.3(-T/# 1.-1&.3:# !+# 8%/3# 1(/*/# 2'*-*# $%&#
(-*#-*,5(1.+4#(#,.19&,7#3'*#<Q!#2.-*#2.55#<*#/%56*-*6#3%#3'*#/(8*#,5(1*#(/#
3'*# '%37#%-#1*+3*-#2.-*#%"#3'*#%-.4.+(5#,.19&,:#;'*#:<QQ9#(+6#N><Q) 2.-*#
(-*# /%56*-*6# 3%# 4-%&+6:# @/&(55$7# 3'./# 1%++*13.%+# ./# 8(6*# 3%# 3'*# <(19# %"# (#
1%+3-%5:#U'*+#1%++*13.+4#3'*#N><Q#2.-*#3%#4-%&+67#8(9*#/&-*#.3#6%*/#+%3#
1%8*#.+#1%+3(13#2.3'#(+$#%3'*-#1%++*13.%+/:#
#
!"# $%&# .+/3(55# (# G.?(-H.%# ,.19&,# .+# (# 32%P,.19&,# .+/3-&8*+3# (+6# ".+6# 3'*#
,.19&,/#3%#<*#%&3#%"#,'(/*#A2*(9#(+6#3'.+E#2'*+#3'*$#(-*#%+#3%4*3'*-7#$%&#
8&/3#-*)*-/*#3'*#,'(/*#%"#%+*# %"#3'*#,.19&,/:#;'./#(,,5.*/#3%#(55#G.?(-H.%#
,.19&,/# 2.3'# /.6*P<$P/.6*# 1%.5/# %-# <5(6*/# 2'*+# .+/3(55*6# .+# 4&.3(-/# 2.3'#
/.+45*P1%.5# ,.19&,/# /.8.5(-# 3%# S3-(3%1(/3*-/:# ;%# -*)*-/*# 3'*# ,'(/*# %"# 3'*#
G.?(-H.%#,.19&,7#-*)*-/*#3'*#-*6#(+6#4-**+#2.-*/:#S%56*-#3'*#<Q!) 2.-*#3%#
4-%&+67#(+6#3'*#:<QQ9#2.-*#3%#'%3:##
)
K1$-.$%.)L/DB/03"-A)2$%$7787)M"%"-A)
;'*-*# ./# (# /*1%+6# 2($# 3%# 2.-*# (# '&8<&19.+4# ,.19&,7# 2.3'# 3'*# 32%# 1%.5/# .+#
,(-(55*5:#;'*#,.19&,#2.55#/3.55#1(+1*5#'&87#<&3#.3#2.55#<*#/5.4'35$#5*//#,%2*-"&57#
2.3'#8%-*# '.4'/#(+6#(+#%)*-(55#15*(+*-#/%&+6:#;%#6%#3'./7#/%56*-#3'*#<Q!#
(+6# ML5=Q# 2.-*/# 3%4*3'*-:# # ;'./# 2.55# <*# 3'*# '%3# 1%++*13.%+:# # S%56*-# 3'*#
:<QQ9# (+6# NO>,P# 2.-*/# 3%4*3'*-:# # ;'./# 2.55# <*# 3'*# 4-%&+6# 1%++*13.%+:##
;'*# <(-*# 2.-*# 2.55# (5/%# <*# 4-%&+6*6:# # !"# $%&# +**6# 3%# 2.-*# 3'*# ,.19&,# "%-#
-*)*-/*# ,'(/*7# 3'*# :<QQ9# (+6# NO>,P# 1%++*13.%+# 2.55# <*# '%3# (+6# 3'*#
<Q!) (+6# ML5=Q# 1%++*13.%+# 2.55# <*# 4-%&+6:# # ;'*# <(-*# 2.-*# 2.55# /3.55# <*#
4-%&+6*6:####
)
!/$7)K'/-.)
;'./#2.-.+4#2.55#,-%6&1*#32%#/%&+6/:##V+*#./#2.3'#3'*#,.19&,#1%.5/#.+#/*-.*/#
"%-#8(0.8&8#,%2*-:##;'*#/*1%+6#/%&+6#./#2.3'#3'*#1%.5/#.+#,(-(55*5:#!"#"$$%$&
'(#()*&(+&),-&-.%&+"/%&"+&-0#)()*&,11&,)%&2,($:##;&-+.+4#%""#(#1%.5#8*(+/#3'*#
,.19&,# ./#+%#5%+4*-#'&8<&19.+47#(+6# +%#5%+4*-#1(+1*5/#'&8:##G&(5#S%&+6#
2.-.+4#1(+1*5/#'&8#.+#<%3'#,%/.3.%+/:##Q#6%&<5*P,%5*7#6%&<5*P3'-%2#AGJG;E#
8.+.(3&-*# /2.31'# AG.?(-H.%# KJLLMWE# %-# (# ,&/'P,&55# ,%3# AKJLBMMJJ# %-#
KJLBMLJJE#./#-*F&.-*6#"%-#3'./#%,3.%+7#(+6#3'*#2.-.+4#5%%9/#5.9*#3'./=#
#
#
>KG#
#
U]!;K#
#
#
#
]V;#V@;J@;#
O^QRN#
#
##Y###########B##########L#
#
##
#
#
##W###########C##########D#
#
#
##
;V#_>V@`G#
#
#
#
_>KK`#
#
O*# /&-*# 3%# 8(9*# 3'*# X&8,*-# 1%++*13.%+# <*32**+# ,%5*/# Y# (+6# C# %"# 3'*#
/2.31':#;'*#2.-*#5(<*5*6#L;=) ;R=2R=#/'%&56# <*#1%++*13*6#3%#3'*#/(8*#
,5(1*#(/#$%&-#%-.4.+(5#,.19&,:#;'*#2.-*#5(<*5*6#=;) :<;R9!#./#/%56*-*6#3%#
4-%&+6:#
#
;%#-*)*-/*#3'*#,'(/*#%"#3'*#,.19&,7#&/*#,%5*#D#(/#3'*#L;=) ;R=2R=) (+6#
1%++*13#,%5*#L#=;) :<;R9!:##;'*#<(-*#2.-*#"-%8#3'*#DP1%+6&13%-#1(<5*#./#
(52($/#/%56*-*6#3%#4-%&+6:#
)
!/$7)K'/-.)G"1@)K"-A78+,'"7)KG"10@"-A)
Z%55%2.+4#3'*#/(8*#6.(4-(8#(<%)*7#$%&#1(+#&/*#(#3'-**P,%/.3.%+#A%+P%+P%+E#
GJG;# 8.+.# /2.31'# AG.?(-H.%# KJLLM[:E# ;'*# 32%# %&3/.6*# ,%/.3.%+/# 2.55# <*#
/*-.*/#(+6#,(-(55*5\#3'*#1*+3*-#,%/.3.%+#2.55#<*#/.+45*P1%.5:#
#
2@$68)KG"10@)
J'(/*# /2.31'.+4# 1(+# %+5$# "&+13.%+# .+# (+# .+/3-&8*+3# 2.3'# 32%# %-# 8%-*#
,.19&,/:# # ;'*# *""*13# 2.55# %+5$# %11&-# 2'*+# <%3'# ,.19&,/# (-*# %+7# (+6# 2.55# <*#
8%/3# %<).%&/# 2'*+# 3'*# ,.19&,/# (-*# (3# (,,-%0.8(3*5$# 3'*# /(8*# )%5&8*:##
V+5$#%+*#%"#3'*#,.19&,/#/'%&56#<*#2.-*6#3%#3'*#,'(/*#/2.31'7#(+6#.3#8(9*/#
+%# (&6.<5*# 6.""*-*+1*# 2'.1'# ,.19&,# $%&# 1'%%/*:# ;'*# /2.31'# /'%&56# <*#
GJG;7# 3'*# /(8*# 3$,*# (/# "%-# G&(5# S%&+6# /2.31'.+4# AG.?(-H.%# KJLLMWE# %-#
,&/'P,&55#,%3#AKJLBMMJJ#%-#KJLBMLJJE:#
#
#
#
>KG#
#
#
#
]V;#V@;J@;#
##
#
#
##
#
#
#
#
#
;V#_>V@`G#
#
#
#
_>KK`#
)
))

!"# $%&# 2(+3# 3%# 2.-*# 3'*# ,.19&,# 3%# <%3'# (# G&(5# S%&+6# /2.31'# (+6# (# ,'(/*#
/2.31'7# ".-/3# 2.-*# 3'*# ,.19&,# 3%# 3'*# G&(5# S%&+6# /2.31'# 3'*# /(8*# 2($# (/#
/'%2+#.+#3'*#G&(5#S%&+6#.+/3-&13.%+/\#3'*+#1%++*13#3'*#G&(5#S%&+6#/2.31'#
3%#3'*#,'(/*#/2.31'#5.9*#3'./=#
#
# >KG#
# U]!;K#
#
#O^QRN#
]V;#V@;J@;#
#
##Y###########B##########L#
#
##
#
##
##W###########C##########D#
##
#
##
;V#_>V@`G#
#
#
#_>KK`#
#
;'*# 2.-*# 5(<*5*6# L;=) ;R=2R=# ./# 1%++*13*6# 3%# 3'*# /(8*# /,%3# (/# 3'*#
%-.4.+(5# ,.19&,:# ;'*# 2.-*# 5(<*5*6# =;) :<;R9!) ./# /%56*-*6# 3%# (# 4-%&+6#
1%++*13.%+7# /&1'# (/# 3'*# <(19# %"# (# 1%+3-%5:# ;'*# <(-*# 2.-*# "-%8# 3'*# DP
1%+6&13%-#1(<5*#/'%&56#(5/%#<*#/%56*-*6#3%#4-%&+6:#
#
K"-A78+,'"7)KG"10@"-A)T,'"7)=$44"-AH),'"7)K47"11"-AU)
S.+45*P1%.5#/2.31'.+4#2.55#,-%6&1*#(#<-.4'3*-7#15*(+*-#/%&+6:#U.3'#(55#/.6*P<$P
/.6*# '&8<&19*-/7# 3'*# )%5&8*# 2.55# <*# 5*//# 3'(+# 2.3'# /3(+6(-6# '&8<&19.+4#
/*-.*/# 2.-.+4:# U.3'# )*-3.1(5# '&8<&19*-/7# /&1'# (/# 3'*# ]Sa# (+6# b.-3&(5#
b.+3(4*c# /*-.*/7# 3'*# )%5&8*# 2.55# <*# /5.4'35$# 4-*(3*-# (/# 5%+4# (/# 3'*# 1%.5#
15%/*/3#3%#3'*#/3-.+4/#A3'*#%+*#2.3'#-*6#(+6#<5(19#2.-*/E#-*8(.+/#%+:#
#
Q# /2.31'# ./# -*F&.-*6# "%-# /.+45*P1%.5# /2.31'.+4:# !3# 1(+# <*# 3'*# /(8*# 3$,*# %"#
GJG;#(/#./#&/*6#"%-#G&(5#S%&+6#%-#,'(/*#/2.31'7#%-#(#/.8,5*-#/.+45*P,%5*7#
6%&<5*P3'-%2#/2.31':##;'*#6.(4-(8#/'%2/#3'*#GJG;#3$,*:#
#
>KG#
]V;#V@;J@;#
#
;V#_>V@`G#
# J!RN@J#######_>KK`#
O^QRN#
#
#
U]!;K#
#
#
#
#
;V#_>V@`G#
#
#
#
#
#
#
;'*# N><Q# 2.-*# ./# (52($/# /%56*-*6# 3%# 4-%&+6:# # Q/# %+5$# %+*# /.6*# %"# 3'*#
GJG;# 8.+.P/2.31'# ./# &/*67# $%&# 8($# 1'%%/*# 3%# '()*# 32%# ,.19&,/# 4%# "-%8#
6%&<5*P#3%#/.+45*P1%.5#%+#%+*#/2.31'7#5.9*#3'./=#
#
#
>KG#
]V;#V@;J@;#
#
J!RN@J#hL######_>KK`#
;V#_>V@`G#
#
O^QRN#
#
#
U]!;K#
#
#
#
#
#
#
;V#_>V@`G#
#
#
#
#
##
#
#
#
#
#
#
#
#
##
#
#
U]!;K#
#
#
O^QRN#
#
#
J!RN@J#hB######_>KK`#
;V#_>V@`G#
#
>KG#
]V;#V@;J@;#
#
#
!"#$%&#2(+3#3%#1%8<.+*#(#,'(/*#/2.31'#2.3'#(#/.+45*P1%.5#/2.31'7#3'*#6.(4-(8#
./#3'./=#
#
# >KG#
_>KK`#
#
O^QRN#
#
U]!;K#
#
#
]V;#V@;J@;#
#
#
#
#
##
#
;V#_>V@`G#
#
#
#
##
#
;V#_>V@`G#
#
Q+#.+3*-*/3.+4#"*(3&-*#%"#3'./#(--(+4*8*+3#./#3'(3#3'*#,'(/*#/2.31'#'(/#32%#
"&+13.%+/:# U'*+# 32%# ,.19&,/# (-*# %+# 3%4*3'*-7# .3# ,*-"%-8/# .3/# +%-8(5# 3(/9:#
U'*+#3'*#,.19&,#/'%2+#(<%)*#./#%+#(5%+*#(+6#3'*#/.+45*P1%.5#/2.31'#./#%+7#
3'*#,%/.3.%+#%"#3'*#,'(/*#/2.31'#6*3*-8.+*/#2'.1'#%"#3'*#32%#1%.5/#./#3&-+*6#
%""7# 4.).+4# (# /&<35*# )(-.(3.%+# .+# 3%+*:# J'(/*# /2.31'.+4# /'%&56# +%3# <*#
1%8<.+*6# 2.3'# 1%.5# 3(,,.+4# %+# ]Sa# (+6# b.-3&(5# b.+3(4*c# 8%6*5/:# !+# %+*#
,%/.3.%+7#.3#2.55#3&-+#3'*#<%33%8#1%.5#%+#(5%+*7#,-%6&1.+4#(58%/3#+%#/.4+(5:#
#

=%8B78),'D48-6$1"'-!
?(+$#,5($*-/#+%3.1*#(#5%//# %"#'.4'#"-*F&*+1.*/#2'*+#3'*#)%5&8*#1%+3-%5#./#
3&-+*6#6%2+:#;%#()%.6#3'./7#.+/3(55#(#CWM,Z#1(,(1.3%-#(5%+*# %-#2.3'#(#YMMN#
%'8#-*/./3%-#ABdMN# %-#YYMN#2.55#(5/%#2%-9E#.+#,(-(55*5#(1-%//#3'*#32%#e'%3f#
5*4/# %"# 3'*# )%5&8*# 1%+3-%57# (/# /'%2+# .+# 3'*# 6-(2.+4:# ;-$# 3%# /%56*-# 3'*/*#
1%8,%+*+3/#15*(+5$#3%#3'*#5*4/#%"#3'*#)%5&8*#1%+3-%57#2.3'%&3#<-*(9.+4#3'*#
/%56*-#1%++*13.%+/#3'(3#(-*#(5-*(6$#,-*/*+3:#
#
#
<QK5K=;<)
#
#
#
#
#
,>2>,5=;<)
#

,'D4'-8-1)V$7/86!
CMM#N%'8#./#3'*#8%/3#1%88%+#-*/./3(+1*#)(5&*#8%/3#4&.3(-#1%8,(+.*/#(+6#
,5($*-/#*8,5%$#2.3'#'&8<&19*-/#"%-#<%3'# )%5&8*#(+6#3%+*#1%+3-%5/:#@/.+4#
BCM# N%'8# 1%+3-%5/# 2.55# -*/&53# .+# (# 5.335*# 2(-8*-# /%&+6# (+6# (# /5.4'3# 6-%,# .+#
,%2*-:# G.?(-H.%# (5/%# %""*-/# (# L# ?*4%'8# 3%+*# 1%+3-%5# AG.?(-H.%# KJLBMBE#
2'.1'# /5.4'35$# .+1-*(/*/# 3-*<5*# -*/,%+/*# (+6# ,%2*-:# ;'./# 1%+3-%5# 1(+# <*#
1%8<.+*6# 2.3'# *.3'*-# BCM# N%'8# %-# CMM# N%'8# )%5&8*# 1%+3-%5/:# U*#
-*1%88*+6#:MBB#g"6#"%-#3'*#1(,(1.3%-#%+#3'*#3%+*#1%+3-%5:##
#

>.."1"'-$7)9'186)
U.-.+4#6.(4-(8/#(+6#3*1'+.1(5#.+"%-8(3.%+#8($#<*#"%&+6#%+#%&-#2*</.3*=####
#
#

GGGI."D$%&"'I0'D)

Q55# G.?(-H.%# ,.19&,/# '()*# <**+# ,%33*6# .+# (+# *015&/.)*# 2(0# "%-8&5(# 3%#
*5.8.+(3*#/F&*(5#(+6#/&<6&*#*03-(+*%&/#+%./*:#Z%-#"&-3'*-#+%./*#-*6&13.%+7#
2*#-*1%88*+6#/'.*56.+4#3'*#*+3.-*#4&.3(-#.+3*-+(55$#2.3'#G.?(-H.%#S'.*56.+4#
;(,*#AKJLMMME:#;'./#2.55#*5.8.+(3*#/3-($#'&8#".*56/#"-%8#3'*#1.-1&.3-$#%"#$%&-#
4&.3(-:#
#
!"#$%&#'()*#(+$#,-%<5*8/#%-#F&*/3.%+/7#,5*(/*#1(55#%&-#3*1'#5.+*7#AdL[E#[LWP
[LLB#<*32**+#LB=MM#J?#(+6#C=MM#J?#K(/3*-+#;.8*#%-#/&<8.3#(#-*F&*/3#"%-#
3*1'+.1(5#/&,,%-3#%+#%&-#2*</.3*:#

WXYY)<"0@D'-.)=8%%$08)
2I;I)N'Z)W[[XY\)
K1$18-)567$-.H)9])W[XW[)RK>)
=87)T\WYU)^YW+^_Y`)))=80@)T\WYU)YW`+YWW_)
J$Z)T\WYU)\_[+a_^`)
GGGI."D$%&"'I0'D)

Vous aimerez peut-être aussi