Vous êtes sur la page 1sur 13

!

!"#$%&$'()*$+,*-#,$.*/01#$*2$+#20*2$3","0#1&2$4+!'356$2"7,#$&8$"/7,92:
$
;<$%&$#-1",$%&$<=;;
$
$
$
$
$
3#/>#,$%*$?17#/"@#%*1
$
$
;A B8C*10#/0&D$E&"#$B20*$F1"8&"1*
<A 3*%&,*$%&$G#10#$#*2$F#10"."C#/0&2
HA 3*%&,*$%&$G*8>/".#%*$%&$B8C1&/2#
IA G1*/*71#8#
JA K".L#2$B/M*18#0"N#2D$
$$$$$$$$#A$+#20*$3","0#1$+,*-#,$
$$$$$$$$-A$+#20*$3","0#1$+,*-#,$N2A$?-O&0"N*2$%&$!&2&/N*,N"8&/0*$%*$3",9/"*$$
$$$$$$$$.A$+1PM".*$%*2$+#20*2$3","0#1&2$3>/%"#"2
QA RS&8C,*2$%&$'(T&2
UA 3*%&,*$%&$K*,L&0*
!" #$%&'()*+,,
$
$
$
$
$
$
V8$C1*O&0*$%*$-.*+)+/+%,012,31()&4,5+/6)%*$4B/20"0>0*$%&$R20>%*2$F*,W0".*2:$&$%*$-.+%2.7+)1.7(,
3%7&%,8/2%7/$4+#-"/&0&$B/0&1/#."*/#,$F&18#/&/0&$C#1#$#$F#@:$
$
$
$
$
$

$
$
$
;A$B8C*10#/0&D$E&"#$B20*$F1"8&"1*$
$
"#$%&'()!*)$!+),-$%#.%$!+)/!)!,)00)!1%'!(2!345)!67)#'7!+),-$'!)0!6'0-)0!8%7%-'$20!96138:;!
('! 0%&7'! 2/! %,&7<0=;! >.2! 02$?! $2'7%@'()! ,'! -2$4'AB2%$';! CD! (2! '#$%7! (2! DECCF! G200'! ('-';! '4H20!
20-'$5)!'+),-2+2,()!2/!-)()!)!/.,()!+)/!'!*'$-%+%*'45)!(2!*200)'0!+)/)!,I0;!%,(%&,'('0!
+)/! '! >.',-%('(2! (2! (%,J2%$)! >.2! K! (20-%,'('! L0! +'.0'0! #K7%+'0F! :I! ,)! ',)! *'00'();! )0!
&)M2$,)0!&'0-'$'/!/'%0!(2!C;N!-$%7J5)!(2!(I7'$20!2/!/%7%-'$%@'45);!2!'!2O*2+-'-%M'!K!(2!>.2;!
,20-2!',);!)0!M'7)$20!(%M.7&'()0!*27)!:PQRP!A!!"#$%&#'()*+",-+."/#+.')0,.$,)1,2,.-$&)*+2"/"3",)
9SP,0-%-.-)!P,-2$,'+%),'7!(2!Q20>.%0'0!('!Q'@!(2!T0-)+)7/)U;!,'!-$'(.45)!7%-2$'7=!02V'/!'%,('!
/'%)$20F
!
Q2,0',()! ,%00);! 20-'/)0! )$&',%@',()! (%M2$0'0! '4H20! *'$'! CD! (2! '#$%7! (2! DECCF! 3! 20+)7J'! ('!
('-'!(2M2A02!')!B'-)!(2!>.2!,20-2!/20/)!(%'!)+)$$2$?!'!(%M.7&'45)!()!R27'-I$%)!:PQRP!0)#$2!
'0!(20*20'0!/%7%-'$20!/.,(%'%0!()!',)!(2!DECEF!T002!$27'-I$%)!,)$/'7/2,-2!$2+2#2!#'0-',-2!
'-2,45)!('!/W(%';!/'0!>.2$2/)0!-2$!+2$-2@'!(2!>.2!)0!&'0-)0!/%7%-'$20!&7)#'%0!X!2!)!+7'/)$!
*Y#7%+)! ',-2! 2002! (20*2$(W+%)! X! M2,J'/! '! 02$! ./'! &$',(2! )*)$-.,%('(2! (2! $2*)$-'&2,0! 2/!
Z/#%-)!7)+'7;!,'+%),'7!2!%,-2$,'+%),'7F
!
[)/)! )0! I$&5)0! (2! %/*$2,0'! &)0-'/! (2! %/'&2,0;! >.2$2/)0! '! (%M.7&'45)! (2! B)-)0!
%/*'+-',-20F!T/!M2@!(2!/'-K$%'0!0)#$2!)!R27'-I$%)!:PQRP!2/!>.2!'*'$24'/!-',>.20!).!'M%H20!
(2! +'4';! .0'$2/)0! %/'&2,0! (2! *200)'0! ')! $2()$! ()! /.,()! *$)-20-',()! +),-$'! 20020! &'0-)0!
&%&',-20+)0F
!
G20-2! 8',.'7! ()! "$&',%@'()$;! B)$,2+2$2/)0! '7&./'0! )$%2,-'4H20! 2! /'-2$%'%0! *'$'! >.2! 02!
*)00'! *7',2V'$! ./! 2M2,-)! >.2! '-$'%'! )! %,-2$2002! ('! /W(%'F! ! 3*$202,-'$2/)0! -'/#K/! -$<0!
/)(27)0\! 9C=! (2! +'$-'! *'$'! +),-'-'$! ).-$)0! *'$-%+%*',-20]! 9D=! (2! +)/.,%+'()! (2! %/*$2,0']!
9^=! (2! B)7J2-)! (2! (%M.7&'45)F! _?;! '%,(';! ./! +$),)&$'/'! 2! ./! $&,$%'/2";! #2/! +)/)! ./! #+,4
5.6,-! +)/! %,B)$/'4H20! 0)#$2! )0! &'0-)0! /%7%-'$20F! T0-2! /',.'7! (2M2$?! 'V.(?A7)! '! %,%+%'$! 02.0!
-$'#'7J)0F!`02!0.'!+$%'-%M%('(2!2!%,+$2/2,-2!02.!2M2,-)!+)/!0.'0!*$I*$%'0!%(K%'0F!
!
Q'$'!'-$'%$!'!'-2,45)!()!*Y#7%+);!K!'+),027J?M27!'('*-'$!20-2!/)(27)!*'$'!'!$2'7%('(2!(2!02.!
*'W0F!"!Y,%+)!*2(%()!>.2!B'@2/)0!')0!)$&',%@'()$20!K!>.2!(%M.7&.2/!,'0!'-%M%('(20!)!M'7)$!()!
&'0-)! /%7%-'$! &7)#'7;! >.2! B)$,2+2$2/)0! '*$)O%/'('/2,-2! ./'! 02/','! ',-20! (2! CD! (2! '#$%7F!
T,>.',-)!%00);!(2M2A02!.-%7%@'$!)!M'7)$!(2!DEEa\!C;N!-$%7J5)!(2!(I7'$20F!Q)$!B'M)$;!+)/*'$-%7J2!
MW(2)0;!B)-)0!).!(20+$%4H20!()0!02.0!2M2,-)0;!2,M%',()!,4(./')*'$')&('/0DECCb&/'%7F+)/F
!
"!*7',2-'!$2>.2$!>.2!%,M%0-'/)0!/'%0!2/!>.20-H20!J./',%-?$%'0\!+)/%(';!?&.'!7%/*';!2,2$&%'!
$2,)M?M27;! '00%0-<,+%'! /K(%+'! 2! /',.-2,45)! ('! *'@F! 1%,J2%$)! *'$'! %00)! 2O%0-2]! K! *$2+%0);!
'*2,'0;! &'0-?A7)! (2! B)$/'! 02,0'-'F! G)! (%'! CD! (2! '#$%7;! (%$2/)0! ')0! ,)00)0! &)M2$,',-20! 2!
/%7%-'$20!>.2!#'0-'!(2!'$/'0!2!&.2$$'0c
!
!
$
$
$
<A$3*%&,*$%&$G#10#$#*2$F#10"."C#/0&2
$
d)+'7;!('-'F
!
['$)!eeeeeeeeeeeee;
!
T/! DEEa;! )0! &'0-)0! /%7%-'$20! /.,(%'%0! +$20+2$'/! #$.0+'/2,-2;! '-%,&%,()! '! 0)/'! 02/!
*$2+2(2,-20! (2! C;N! -$%7J5)! (2! (I7'$20F! "0! T0-'()0! `,%()0! B)$'/! $20*),0?M2%0! *)$! >.'02!
/2-'(2!(2002!M'7)$F!T!,)00)!*'W0!&'0-).!OOO!#%7JH20F
!
1'('0! '0! ,./2$)0'0! +$%020! >.2! '00)7'/! )! *7',2-'! X! (2! )$(2/! 2+),f/%+';! '/#%2,-'7;!
(%*7)/?-%+'!2!,'!0'Y(2!X;!K!%/*2$'-%M)!>.2!+$%2/)0! ./!/)M%/2,-)!&7)#'7!*'$'!$2(%$2+%),'$!
2002! (%,J2%$)! *'$'! '0! +'.0'0! J./',%-?$%'0F! :'#2/)0! >.2! J?! /%7J'$20! (2! )$&',%@'4H20! 2!
*200)'0!>.2!'*I%'/!,)00)!*),-)!(2!M%0-'F!"!>.2!K!*$2+%0);!'&)$';!K!-)$,?A7)!M%0WM27!'!*'$-%$!(2!
./!0K$%)!20B)$4)!(2!/)#%7%@'45)F
!
[)/)! *'$-2! (200'! +'/*',J';! 20-'/)0! )$&',%@',()! )! 1%'! (2! 345)! 67)#'7! +),-$'! )0! 6'0-)0!
8%7%-'$20!96138:;!,'!0%&7'!2/!%,&7<0=;!2/!CD!(2!'#$%7!(2!DECCF!GI0!,)0!$2.,%$2/)0!2/!g7.&'$;!
J)$'h;! ),(2! %$2/)0! g(20+$2M2$! '45)hF! G2002! /20/)! (%';! *200)'0! ()! /.,()! -)()! 02! .,%$5)!
2/! '4H20! +),V.,-'0! *'$'! (%$2+%),'$! '! '-2,45)! *Y#7%+'! *'$'! )! /),-',-2! ()0! &'0-)0! /%7%-'$20!
2!'!,2+200%('(2!(2!02!(2B%,%$!,)M'0!*$%)$%('(20!(2!%,M20-%/2,-)F!i'%0!2M2,-)0!,)0!'V.('$5)!'!
20-$.-.$'$!./'!$2(2!%,-2$,'+%),'7!0)#$2!200'!>.20-5)F
!
j.,-2A02!'!,I0!2/!CD!(2!'#$%7!*'$'!>.2!,)00'!M)@!02V'!).M%('!'>.%!,)!g*'W0h!2!,)!/.,()F
!
3-2,+%)0'/2,-2;
!
"$&',%@'()$!7)+'7!()!1%'!(2!345)!67)#'7!+),-$'!)0!6'0-)0!8%7%-'$20
!
!
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$
$
HA$3*%&,*$%&$G*8>/".#%*$%&$B8C1&/2#
$
3::T::"RP3!1T!P8QRTG:3
CD!(2!'#$%7!(2!DECC
!
["Gi3i"\!gG)/2!()!)$&',%@'()$h
gi272B),2!()!)$&',%@'()$h
gTA/'%7!()!)$&',%@'()$h
!
?$XY*8&$%*$71>C*Z$1&#,"@#1P$&N&/0*$C#1#$*$!"#$%&$'()*$+,*-#,$.*/01#$*2$+#20*2$3","0#1&2
$
$
Q'$'! +),0+%2,-%@'$! 2! /'$+'$! )*)0%45)! ('! 0)+%2('(2! +%M%7! +)/! $27'45)! L! (%0*'$%('(2! 2,-$2! )0!
+$20+2,-20! &'0-)0! /%7%-'$20! /.,(%'%0! 2! )! 0.#B%,',+%'/2,-)! ()! (202,M)7M%/2,-)! &7)#'7! g).!
).-$'! >.20-5)! (2! %,-2$2002h;! )! gG)/2! ()! &$.*)h! $2'7%@'$?! ./! g-%*)! ()! 2M2,-)! X! *'002'-';!
*$)-20-)!*'00%M);!-2'-$)!(2!$.'!2-+Fh!0%/.7-',2'/2,-2!'!).-$'0!'4H20!')!$2()$!()!/.,()!+)/)!
*'$-2!()!1%'!(2!345)!67)#'7!+),-$'!)0!6'0-)0!8%7%-'$20!96138:;!0%&7'!2/!%,&7<0=F
!
"! 2M2,-)! +)%,+%(2! +)/! '! (%M.7&'45)! ()0! &'0-)0! /%7%-'$20! /.,(%'%0! (2! DECE;! 2/! $27'-I$%)!
*.#7%+'()! *27)! P,0-%-.-)! P,-2$,'+%),'7! (2! Q20>.%0'0! (2! Q'@! (2! T0-)+)7/)! 9:PQRP;! 0%&7'! 2/!
%,&7<0=;! 2! *$)/2-2! 02$! ./'! 2O+272,-2! )*)$-.,%('(2! V)$,'7W0-%+'! *'$'! +)/*72/2,-'$! )!
7',4'/2,-)!(2002!$27'-I$%)F
!
"!k`T\
!
k`T8\
!
"G1T\
!
k`3G1"\!CD!(2!'#$%7!(2!DECC!L0!gJ)$'h
!
!
Q'$'! 0'#2$! /'%0! 0)#$2! )! 1%'! (2! 345)! 67)#'7! +),-$'! )0! 6'0-)0! 8%7%-'$20! 2! ).-$'0! '4H20! >.2!
20-'$5)!'+),-2+2,()!')!$2()$!()!/.,();!M%0%-2!)!2/",\!J--*\llmmmF(2/%7%-'$%@2F)$&l!
!
$
$
$
$
$
$
$
$
IA$G1*/*71#8#
$
12@2/#$)\
!
A!d',4'/2,-)!()!02&.,()!#)72-%/!%,B)$/'-%M)
A!`02!)!#)72-%/!%,B)$/'-%M)!*'$'!*$)/)M2$!)!6138:!7)+'7/2,-2
!
j',2%$)\
!
A![),0%&'!)!'*)%)!(2!).-$'0!)$&',%@'4H20!,'!0.'!?$2'
A![)/2+2!'!0)7%+%-'$!B)-)0!+)/!)!-2/'!S"!>.2!2.!B'$%'!+)/!C;N!-$%7J5)!(2!(I7'$20nU
!
P,W+%)!(2!B2M2$2%$)\
!
A![)/2+2!'!*$2*'$'$!/'-2$%'%0!(2!'*)%)!2/!0.'!7W,&.'
!
o%,'7!(2!B2M2$2%$)\
!
A!R2'7%@2!./'!$2.,%5)!7)+'7!*'$'!+)/24'$!'!*7',2V'$!)!2M2,-)
A! o)$,24'! %,B)$/'4H20! ')0! )$&',%@'()$20! ()! 1%'! (2! 345)! 67)#'7! +),-$'! 6'0-)0! 8%7%-'$20!
96138:;!0%&7'!2/!%,&7<0=!>.2!*)00'/!+),0-'$!2/!,)00'!*?&%,'!,'!%,-2$,2-
)
8'$4)\
!
A!Q$)M%(2,+%2!'0!'.-)$%@'4H20!,2+200?$%'0!*'$'!)!2M2,-)]!+)/2+2!'!/),-'$!'!7%0-'!(2!%/*$2,0'!
*'$'!(%M.7&'45)
!
3#$%7\
!
A!p!(2!'#$%7\!T,+),-$)!*'$'!2,0'%'$!)!2M2,-)!(2!'#$%7!(2!CD
A!q!(2!'#$%7\!r$2M2!+)/.,%+'()!*'$'!7%0-'!(2!%/*$2,0'!X!('-';!7)+'7;!2M2,-)
A!CC!(2!'#$%7\!P,-2$2A02!()0!('()0!$27'-%M)0!L0!(20*20'0!/%7%-'$20!/.,(%'%0!()!:PQRP!*'$'!DECE
!
!!!!!!!!!!!!!!!!!!!!!8',(2!+)/.,%+'()!+)/*72-)!*'$'!7%0-'!(2!%/*$2,0'
!
A!CD!(2!'#$%7\!6138:c
A!C^!(2!'#$%7\!T,M%2A,)0!,)-W+%'0!2!B)-)0!()!02.!6138:;!2!+)/2+2!'!02!*7',2V'$!*'$'!)!*$IO%/)!
',)c
!
$
$
!

$
$
$
J'A$K*,L#$"/M*18#0"N#$%*$7#20*$8","0#1$7,*-#,
$
"! &'0-)! /%7%-'$! &7)#'7! '-%,&%.! '! 20-$),()0'! 0)/'! (2! C;N! -$%7J5)! (2! (I7'$20F! _).M2! pas! (2!
'./2,-)!(20(2!DEEEc!"0!T0-'()0!`,%()0!+)$$20*),(2/!'!pt;Ns!()!-)-'7;!')!*'00)!>.2!'![J%,'!
$2*$202,-'!t;ts]!o$',4';!p;Ds]!R2%,)!`,%();!^;us;!2!RY00%';!^;NsF
!
12!Caau!'!DEEC;!T0-'()0!`,%()0;!R2%,)!`,%()!2!o$',4'!7.+$'$'/!+)/!'!M2,('!(2!'$/'0!*'$'!
*'W020! 2/! (202,M)7M%/2,-)! /'%0! ()! >.2! )0! M'7)$20! ()'()0! *'$'! 'V.('! J./',%-?$%'F! T0-'()0!
`,%()0;!R2%,)!`,%();!o$',4';!RY00%'!2![J%,'!+)$$20*),(2/!'!uEs!('0!2O*)$-'4H20!(2!'$/'0!
+),M2,+%),'%0F![)$*)$'4H20!20-'(.,%(2,020!2!2.$)*K%'0!$2+2#2$'/!2,)$/20!#2,2BW+%)0!B%0+'%0!
2! '%,('! 2/*$20-'$'/! (%,J2%$)! *'$'! >.2! ).-$)0! *'W020! +)/*$'002/! '$/'0F! 12002! /)();! K!
'! M2$#'! *Y#7%+'! ()0! $2B2$%()0! *'W020! >.2! 0.#0%(%'! )! '$/'/2,-%0/)! /.,(%'7F! "0! *'W020! 2/!
(202,M)7M%/2,-)!05)!)0!/'%)$20!'7M)0!('0!M2,('0!(2!'$/'0F
!
[)/)! $20.7-'()! ('! +$%02! 2+),f/%+)AB%,',+2%$'! &7)#'7;! /.%-)0! *'W020! $2(.@%$'/! )0! &'0-)0!
*Y#7%+)0!L!/2(%('!>.2!'./2,-'$'/!)!&'0-)!/%7%-'$F
!
12! '+)$()! +)/! )! :PQRP! A! !"#$%&#'() *+",-+."/#+.') 0,.$,) 1,2,.-$&) *+2"/"3",! 9SP,0-%-.-)!
P,-2$,'+%),'7! (2! Q20>.%0'0! *'$'! '! Q'@! (2! T0-)+)7/)U;! ,'! -$'(.45)! 7%-2$'7=;! )! M)7./)0)!
&'0-)! /%7%-'$! ()0! T0-'()0! `,%()0! B)%! ./! ()0! B'-)$20! >.2! +),-$%#.W$'/! *'$'! '! *'.7'-%,'!
(2-2$%)$'45)!('!2+),)/%'!(2002!*'W0!(20(2!DEECF!8'%0!('!/2-'(2!()!)$4'/2,-)!(%0+$%+%),?$%)!
20-'(.,%(2,02!K!.-%7%@'()!*'$'!(2B20'!,'+%),'7F
!
"![),027J)!(2!:2&.$',4'!('!"$&',%@'45)!('0!G'4H20!`,%('0!X!+)/*)0-)!*)$!T0-'()0!`,%()0;!
R2%,)!`,%();!o$',4';!RY00%'!2![J%,'!X!+)/*$22,(2!)0!*'W020!(2!/'%)$!&'0-)!/%7%-'$!()!/.,()F!
T/#)$'!+$%'('!'*I0!'!:2&.,('!6.2$$'!8.,(%'7!*'$'!*$202$M'$!'!*'@!*)$!/2%)!(2!+))*2$'45)!
2! 02&.$',4'! +)72-%M';! )! )$4'/2,-)! %,-2%$)! ('0! G'4H20! `,%('0! K! %&.'7! '! '*$)O%/'('/2,-2!
C;us!()!-)-'7!()!&'0-)!/%7%-'$!/.,(%'7F!P/*7%+'!(%@2$\!)!&'0-)!/%7%-'$!&7)#'7!(2!./!',)!*)(2$%'!
B%,',+%'$!qEE!',)0!(2!)*2$'4H20!('0!G'4H20!`,%('0F
$
$
$
$
$
!"#$%#&'()($"*+#&+'&*+)",-%&.&"/01"&"%&
1+#+23%)3('+2$%&+'&4556
$
$
$
$ &
:();<+#&
1+&
$ 1=)"*+#&

$
$ !"#$%#&'()($"*+#& 7/01"&%8(9(")&"%&1+#+23%)3('+2$%

>%2$+?&720@*(%&ABCDB&45E5&+&FGHI&A$"$GJ$*"9$#
$
$
$
J[A!+#20*$3","0#1$+,*-#,$N2A$?-O&0"N*2$%&$!&2&/N*,N"8&/0*$%*$3",9/"*$
!
&
!"#$%&'"&'"%"()*+),!"(#*&'*&!,+-(,*&)%.&/$%#*%&!,+,#$0"%&/+*1$,%
&
&

K+$"&E&L&G**"1(9"*&"&+J$*+'"&M%N*+O"&+&"&8%'+
&

K+$"&4&+&P&L&7$(2Q(*&%&+2#(2%&N@#(9%&02(3+*#")&+&M*%'%3+*&"&(Q0")1"1+&+2$*+&%#&#+J%#&
&&&&&&&&&&&&&&&&&+&"&"0$%2%'("&1"#&'0);+*+#
&

K+$"&R&+&S&T&D+10O(*&"&'%*$")(1"1+&(28"2$()&+&'+);%*"*&"&#"U1+&'"$+*2"
&

K+$"&V&L&H%'N"$+*&WBXY7BIAZ&'")@*("&+&%0$*"#&1%+2,"#
&

K+$"&[&L&!"*"2$(*&"&#0#$+2$"N()(1"1+&"'N(+2$")
&

K+$"&\&L&G#$"N+)+9+*&0'"&M"*9+*("&'021(")&M"*"&%&1+#+23%)3('+2$%
&

!"#$%#&'()($"*+#&Q)%N"(#&+'&4556

:();<+#

G#$('"$(3"&1+&90#$%&"20")&1+&$%1%#&%#&FIK !"#$%#&'()($"*+#&Q)%N"(#&+'&4556

:();<+#

7]G^_`F?&$%1"#&"#&1+#M+#"#&(21(9"1"#&#-%&+#$('"$(3"#&1+&%*,"'+2$%#&2+9+##@*(%#&+'&8021%#&+J(#$+2$+#&aMb+Jb&"&
FI7Z&%*,"'+2$%#&2"9(%2"(#&+&%0$*%#&8021%#cZ&+&#-%&"M*+#+2$"1%#&+'&3")%*+#&"20"(#&+'&N();<+#&1+&1=)"*+#b&
aB28%*'",-%&9%'M()"1"&M%*&7b&I0+9dZ&4556c
!

$
$
JGA$+1PM".*$%*2$+#20*2$3","0#1&2$3>/%"#"2$
$
$
$ !"#$%#&K()($"*+#&2%&'021%
XFP7"/#$\Z
$
QA$RS&8C,*2$%&$'(T&2
$
:2V'!+$%'-%M)c!T%0!'7&./'0!%(K%'0!*'$'!+)/24'$F !"#$%#&'()($"*+#&9*+#9+'&"%#&$*"29%#&+&N"**"29%#bbb
H%'&%#&G#$"1%#&g2(1%#&2"&)(1+*"2,"
!
aD+9+##-%e&f0+&*+9+##-%ec
CF R2Y,'! CtE! *200)'0;! +'('! ./'! $2*$202,-'$?! CE! ! #%7JH20! 2/! &'0-)! /%7%-'$F! Q),J'A'0! 2/!
!
B)$/'45)!(2!'7&)!)#M%'/2,-2!/%7%-'$!9./'!#)/#';!'$/'=F![)/!./!0%,'7!()!)$&',%@'()$;!
)!&$.*)!/.('!0.'!B)$/'45)!*'$'!'!(2!./!0W/#)7)!(2!*'@F!
=$>% ! /$%#*&$(2$+&
G#$"1%#&g2(1%# 345&6789:4;<
DF [2$>.2! )! /%,%0-K$%)! ('! (2B20'! ('! 0.'! 7)+'7%('(2! +)/! *200)'0! +'$$2&',()! +)%0'0! >.2!
H;(2"
0%/#)7%@2/! *'$'! ),(2! )0! M2$('(2%$)0! &'0-)0! ()! )$4'/2,-)! ()! &)M2$,)! (2M2$%'/! %$F!
D+(2%&g2(1%
>*"2," 9B7)$20;!+)/%(';!7%&'(.$'0;!?&.'!*)-?M27=F
DU##(" !
^F P,M2,-2!2,)$/20!*7'+'0!>.2!/)0-$2/!+)/!>.2!(2M2$%'!02$!&'0-)!)!C;t!-$%7J5)!(2!(I7'$20!
9*)$! 2O2/*7)\! $2(.45)! ()! $'0-$)! (2! +'$#),)! /.,(%'7;! 27%/%,'45)! ('! B)/2! ,)! /.,();!
)B2$-'!(2!2(.+'45)!&$'-.%-'!*'$'!-)('0!'0!+$%',4'0;!2-+F=F
!
pF R2'7%@2! ./'! 2O%#%45)! *Y#7%+'! %,-2$'-%M'! >.2! (20-'>.2! )! &'0-)! /%7%-'$! (20*$)*)$+%),'7F!
Q'$'! -',-);! K! *)00WM27! B'@2$! ./! &$',(2! '7M)! (2! %/*)0-)0! 2/! (I7'$;! +)/! +W$+.7)0!
+),+<,-$%+)0! *$)*)$+%),'%0! ')0! )$4'/2,-)0! ()! &)M2$,)F! ['('! ('$()! '$$2/200'()!
+)$$20*),(2$?!'!./!(I7'$!&'0-)F
! G#$('"L#+&h0+&%&#*#$+&
NF [$%2!./'!2O%#%45)!*Y#7%+'!(2/),0-$',()!)!(202>.%7W#$%)!2,-$2!)!&'0-)!/%7%-'$!2!).-$'0! /+*1$+&1"#&1+#M+#"#&
*$%)$%('(20!&7)#'%0F!3!PQ:!.0).!#',(2%$'0;!+)/)!'#'%O)\ '()($"*+#&+'&4556&#+/"&1+&
I ?@AB?&1,+CD*&'"&'E+$0"%
! 0
* XK*0*$;Z$XK*0*$<Z
" $
$ 2
$ XFP7"/#$;=Z 7
+ &
$
& F
UA$3*%&,*$%&$M*,L&0* 0
%
$ ,
#
Q)$!B'M)$;!.02!)0!+'/*)0!2/!#$',+)!,'!*?&%,'!',2O'!*'$'!*$22,+J2$!'0!%,B)$/'4H20!(2!0.'! %
& "
)$&',%@'45)F \ &
& "
" F
2 *
% (
G
#
!
& ,
1
$

T.&"U45V8J;&64&$WX4;

A+/"&9*("$(3%j&7h0(&+#$-%&")Q0'"#&(1k("#&M*"&3%9i&9%'+,"*?

Eb D+U2"& EV5& M+##%"#b& H"1"& 0'"& 1+)"#& *+M*+#+2$"*@& E5& N();<+#& 1+& 1=)"*+#&
+'& Q"#$%#& '()($"*+#b& I(#M%2;"L"#& 2%& 8%*'"$%& 1+& ")Q0'& %N/+$%& $(M(9"'+2$+&
'()($"*& a0'"& N%'N"Z& 0'"& "*'"cb& 7%& #(2")& 1%& %*Q"2(O"1%*Z& %& Q*0M%& #+&
$*"2#8%*'"&9%'M%21%&0'&%N/+$%&h0+&*+M*+#+2$+&"&M"Ob

4b F*Q"2(O+& 0'& +3+2$%& +'& 8*+2$+& "%& K(2(#$k*(%& 1+& I+8+#"& 9%'& M+##%"#&
M%*$"21%& 9%(#"#& h0+& #('N%)(O+'& "h0()%& +'& h0+& 1+3+*("& #+*& Q"#$%& %&
%*,"'+2$%&1%&2%##%&Q%3+*2%&a8)%*+#Z&")('+2$%#Z&90*"$(3%#Z&@Q0"&)('M"cb

Pb H*(+& 8"(J"#& +& 9"*$"O+#& h0+& '%#$*+'& h0+& EZS& $*();-%& 1+& 1=)"*+#& M%1+*("& #+*&
'"(#& N+'& "M)(9"1%& +'& h0+#$<+#& 9%'%& *+10,-%& 1"#& +'(##<+#& 1+& 9"*N%2%&
2%& M)"2+$"Z& +**"1(9",-%& 1"& 8%'+& '021(")Z& 02(3+*#")(O",-%& 1"& +109",-%&
Q*"$0($"Z&+$9b

Rb C*%'%3"& 0'"& +J(N(,-%& MUN)(9"& (2$+*"$(3"& h0+& 1+#$"h0+& %#& Q"#$%#& '()($"*+#&
1+#M*%M%*9(%2"(#b& l& M%##m3+)& '%2$"*& 0'& /%Q%& 1+& 1"*1%#& 8"O+21%& 9m*90)%#&
9%29i2$*(9%#& M*%M%*9(%2"(#& "%#& %*,"'+2$%#& MUN)(9%#b& H"1"& 1"*1%&
"**+'+##"1%&*+M*+#+2$"*@&0'&1=)"*&Q"#$%b

Sb H*(+& 0'"& +J(N(,-%& MUN)(9"& 1+'%2#$*"21%& %& 1+#+h0()mN*(%& +2$*+& Q"#$%#&


'()($"*+#& +& M*(%*(1"1+#& '021("(#b& 7& !"#$%& '%$((& )$%*+,$& 0#%0& N"21+(*"#Z&
9%'%&1+'%2#$*"1%&"N"(J%?

&
!

UA$3*%&,*$%&$F#/M,&0*

o'M)$!*$22,+J2$!)!B)$/.7?$%)!',2O)!+)/!%,B)$/'4H20!0)#$2!0.'!)$&',%@'45)$

&

&

&

&

&

&

&

&

&

&

&

]1#%>(T&2D$
i%/2\!_)$?$%)
d)+'-%),\!d)+'7
"$&',%@'-%),\!"$&',%@'45)
[.-!,)m!X![)$-2!j?
67)#'7!8%7%-'$v!:*2,(%,&!X!6'0-)0!/%7%-'$20!&7)#'%0
!

$
$
^A$#$%&'()*+
&

 I(30)Q0+&%&+3+2$%&M"*"&"&9%'02(1"1+&+&1+'"(#&M"*$(9(M"2$+#

 C*%90*+&%&"3")&1+&%*Q"2(O",<+#&)%9"(#

 G)"N%*+&0'&M)"2+/"'+2$%&Y&+29%2$*%&)%Qm#$(9%&

 G23(+&%&M*%/+$%&M%*&+L'"()&M"*"&Q1"'#45EEnQ'"()b9%'&

 C*+M"*+& '"$+*("(#?& M"28)+$%#Z& M@Q(2"& 9%'& (28%*'",<+#& #%N*+& Q"#$%#&


'()($"*+#&Q)%N"(#Z&8"(J"#Z&9"*$"O+#&+&-.""$%(

 A%)(9($+&"#&"0$%*(O",<+#&2+9+##@*("#

 G23(+&9%'02(9"1%&.&'m1("&)%9")&

 G23(+&+'"()#&M"*"&#+0#&9%2$"$%#&Y&K"2(8+#$+L#+&M+)%&#/+##$%&%0&0.,$-112

 C*%Q*"'+&%&+2#"(%&1%&+3+2$%&

 71h0(*"&+h0(M"'+2$%&1+&Q*"3",-%&M"*"&%&+3+2$%

 G23(+&"&'m1("&1%&+3+2$%&M"*"&Q1"'#45EEnQ'"()b9%'
!
!

$
!
!
!
`/! '&$'(2+%/2,-)! 20*2+%'7! '! -)()0! >.2! -$'#'7J'$'/! ,'! -$'(.45)! (20-2! /'-2$%'7! ')!
*)$-.&.<0\!3Ri_`R!RTG3i"!8"`R3!rTwTRR3;![3P"![T:3R!83RiPG";![d3RP::3!R":3:!
iR"[["dP;! TdPTiT! 8T1TPR":! 13! R"[_3;! od3xP3G3! oTRRTPR3! 1T! "dPxTPR3;! j"G3i_3G!
xPTPR3! 13! :Pdx3;! yz3GGT! yT183! 3dxT:! [3x3d[3GiP;! 83RP3! xTR"GP[3! QTRTPR3!
:3Gi":;! QRP:[Pd3! 3dxT:! 1T! "dPxTPR3;! R"1"do"! QP8TGiTd! GTxT:! 6`P83R{T:! 2!
R"8`d"! ["Td_"! 1T! :"`:3;! ()! r'+J'$27'()! 2/! i$'(.45)! ('! `,%M2$0%('(2! o2(2$'7! ('!
Q'$'W#'!9`oQr=F
!
!
!
!
!
!
!
!

Vous aimerez peut-être aussi