Vous êtes sur la page 1sur 3

012323405 679

 7
79   9
#$%&'()'* +,-./0-1+,-2+34+3-5/,+0/6- 7(89(&$%&*
&:*;<*=<>?@A*BCDE>A*F;<*>;EB;E*@?<;:?A*<D*B?G?<?HDB?I:*J;*;:BA:>EI
BA:*BD@K?AJ*D=:*@LJ*FELJ>?BAJ*MC;*;:*;<*N;E?AFA*NE;B;F;:>;O*&:
PQ?:D*DNDE;B;*;<*NE?@;E*E;?:A*F;<*MC;*>;:;@AJ*BA:J>D:B?D*Q?J>IE?BDO
RAJ*Q?J>AE?DFAE;J*BQ?:AJ*J?>CDKD:*;:*<AJ*?:?B?AJ*F;*JC*Q?J>AE?D*C:AJ
E;S;J*<;T;:FDE?AJU*D*BDFD*C:A*F;*<AJ*BCD<;J*J;*<;*D>E?KCVD*C:*DGD:B;
BC<>CED<W*.XYZ*?:G;:>I*<D*DF?G?:DB?I:U*[\]^^_^`*<D*DTE?BC<>CEDU
aXb^`cZ*<D*>dB:?BDU*eb_*S*[\X^*;<*DE>;*F;*TAK;E:DE*S*eX*;J
NE;J;:>DFA*BA@A*C:*?:T;:?;EA*MC;*DBDKI*BA:*C:D*TED:*?:C:FDB?I:O
9:D*F;*<DJ*<;S;:FDJ*;:*>AE:A*D*fC*F?B;*MC;U*BCD:FA*dJ>;*E;TC<I*<DJ
DTCDJU*DNDE;B?I*C:D*>AE>CTD*F?G?:D*MC;*<<;GDKD*:=@;EAJ*;JBE?>AJ*;:
JC*BDNDEDHI:O*fC*<AJ*;gD@?:I*S*<AJ*AEF;:I*J;T=:*;<*;JMC;@D*F;*<D
F;E;BQDO*RAJ*BQ?:AJ*<<D@DKD:*D*;J>;*F?DTED@D*;<*hijkljm*n;JBE?>A
F;<*EVA*RAQoU*NAEMC;U*D<*NDE;B;EU*<D*NE?@;ED*E;p;E;:B?D*NAE*;JBE?>A
nNAJ>;E?AE*D*<D*dNABD*MC;*:AJ*ABCNDo*pC;*;:BA:>EDFD*qC:>A*D<*EVA*RAQO*&<*RAQ*7QC*;J*<A*MC;*<AJ*@D>;@L>?BAJ
@AF;E:AJ*<<D@D:*C:*rmstustikvwxyriz*S*JC*{@DT?D{*BA:J?J>;*;:*MC;*J;*>ED>D*F;*C:D*AEF;:DB?I:*F;*<AJ
:=@;EAJ*F;<*|*D<*}*;:*<D*MC;*<DJ*>E;J*p?<DJU*<DJ*>E;J*BA<C@:DJ*S*<DJ*FAJ*F?DTA:D<;J*F;<*BCDFEDFA*JC@D:*<D
@?J@D*BD:>?FDFU*D*JDK;EU*|~O*)>ED*<;S;:FD*D>E?KCS;*D*Cg?*<D*?:G;:B?I:*F;<*RAQ*7QCU*<A*MC;*<A*E;@A:>D*
NE?:B?N?AJ*F;<*@?<;:?AO*
7?;@NE;*J;T=:*<D*<;S;:FDU*fC*pC:FI*<D*F?:DJ>VD*F;*<AJ*€Zb*MC;*E;?:I*FCED:>;*B;EBD*F;*~‚‚*DƒAJO*$A*J;
BA:AB;:*F;>D<<;J*BA:BE;>AJ*JAKE;*;J>;*E;?:AO*7;T=:*<DJ*<;S;:FDJ*JC*BDN?>D<*;J>CGA*;:*„^…Z†*RAJ*BQ?:AJ*;ED:U
NAE*DMC;<*;:>A:B;JU*C:*NC;K<A*F;*BDHDFAE;JU*N;JBDFAE;J*S*BC<>?GDFAE;J*F;*B;E;D<;JO*&F?p?BDKD:*BA:*>?;EED
KD>?FDU*NEDB>?BDKD:*<D*DF?G?:DB?I:*BA:*BDNDEDHA:;J*F;*>AE>CTD*S*B;<;KEDKD:*p?;J>DJ*BA:*FD:HDJ*S*BD:>AJ
E?>CD<;JO*%;:VD:*C:*J;:>?FA*@CS*pC;E>;*F;*<D*BAQ;J?I:*pD@?<?DE*S*C:*TED:*E;JN;>A*QDB?D*<AJ*D:B?D:AJ*S*<AJ
D:>;NDJDFAJO
‡?;:>EDJ*>D:>AU*;:*ˆˆ|‰*@AEVD*$DED@Š7?:U*;<*E;S*F;*#BDFU*D*MC?;:*JCB;F?I*JC*Q?qA*[\b‹ŒbZŽ[\b‹‹Z†**AE*;J>D
dNABD*;<*?@N;E?A*;J>DKD*@CS*F;K?<?>DFAO*%D:>AJ*J?T<AJ*F;*E;NE;J?I:*QDKVD:*@;E@DFA*<D*BDNDB?FDF*Kd<?BD*F;
<AJ*>;EE?>AE?AJ*JA@;>?FAJU*S*>AFD*<D*pC;EHD*;J>DKD*B;:>ED<?HDFD*;:*>AE:A*D*<AJ*;qdEB?>AJ*F;*<D*BDN?>D<O*&:
DCJ;:B?D*F;*?:p<C;:B?DJ*;g>;E?AE;JU*;J>D*J?>CDB?I:*J;EVD*<D*IN>?@D*NDED*#BDFU*N;EA*‡;JANA>D@?D*:C:BD*F;qI*F;
;J>DE*D@;:DHDFD*NAE*<AJ*NC;K<AJ*:I@DFDJU*>D:>A*NAE*#EDK?D*BA@A*NAE*<AJ*@A:>;J*DTEAJU*S*DQAED*<D
NAK<DB?I:*:A*JI<A*:A*;J>DKD*BDNDB?>DFD*NDED*F;p;:F;EJ;*F;*JCJ*?:BCEJ?A:;JU*J?:A*MC;*BCD<MC?;E*D>DMC;*D<
?@N;E?A*;ED*K?;:*E;B?K?FA*S*D<;:>DFA*NAE*JCJ*J=KF?>AJO*AE*A>ED*NDE>;U*;<*BA:>EA<*F;*C:*>;EE?>AE?A*;g>;:JA*QDKVD
AK<?TDFA*D*<AJ*E;S;J*D*>ED:Jp;E?E*NDE>;*F;*JC*DC>AE?FDF*D*C:D*:AK<;HD*MC;*:A*>DEFDEVD*;:*T;:;EDE*F?G;EJAJ
DJN?ED:>;J*D<*>EA:AO*DED*F;EEABDE*D*C:*E;S*QDB;*pD<>D*C:*;qdEB?>A*NEAN?A*AU*D<*@;:AJU*C:*;J>DFA*F;*BA:pCJ?I:
MC;*D:?@;*D<*;qdEB?>A*D*BD@K?DE*F;*q;p;O*AE*;<<A*NDE>;*F;*<D*:AK<;HD*G?A*>D@K?d:*BA:*KC;:AJ*AqAJ*<DJ
?:BCEJ?A:;J*KLEKDEDJO
#JVU*QDB?D*;<*ˆˆ‚‚*C:D*>E?KC*F;*KLEKDEAJ*?:GDF?I*‡;JANA>D@?D*F;JF;*<AJ*@A:>;J*DTEAJO*7;*<<D@DKD:*D*JV
@?J@AJ*<AJ*`X‘Z†*RAJ*?:>;:>AJ*F;*7QDE’D<?Š7QDEE?*F;*F;>;:;E*<AJ*JDMC;AJ*pC;EA:*GD:AJU*S*;:*ˆ|}“*pC;
DJ;J?:DFAU*D<*>?;@NA*MC;*<D*B?CFDF*F;*#BDF*pC;*DEEDJDFDO*RD*F;J>ECBB?I:*pC;*>D:*@?:CB?AJD*MC;*#BDF*;J*<D
=:?BD*B?CFDF*?@NAE>D:>;*F;*<D*dNABD*BCSA*;@N<DHD@?;:>A*J;*F;JBA:AB;O*&J*EDHA:DK<;*N;:JDE*MC;*<AJ
JC@;E?AJ*S*<AJ*;<D@?>DJ*J;*C:?;EA:*D*<AJ*TC>?*S*F;JBDETDEA:*JAKE;*#BDF*>AFA*;<*AF?A*S*<DJ*D:J?DJ*F;*G;:TD:HD
MC;*QDKVD:*DBC@C<DFA*F;JF;*@CBQAJ*DƒAJ*D>ELJO*&<*E;JC<>DFA*pC;*MC;*:A*MC;FI*N?;FED*JAKE;*N?;FEDO
#QAED*K?;:U*<AJ*QDK?>D:>;J*F;*‡;JANA>D@?D*:A*>DEFDEVD:*;:*F;JBCKE?E*MC;*<AJ*TC>?*:A*;ED:*@;qAE;J*MC;*<AJ
DBDF?AJO*RAJ*TC>?*>;:VD:*;<*NAF;EU*N;EA*BDE;BVD:*F;*<D*BC<>CED*:;B;JDE?D*NDED*;@N<;DE<A*BA:*<D*;p?B?;:B?D*F;*<AJ
DBDF?AJO*RAJ*J?J>;@DJ*F;*BD:D<;J*F;*<AJ*EVAJ*J;*F;>;E?AEDEA:*S*JAKE;G?:A*C:D*dNABD*F;*QD@KE;O
&:*ˆ|‰ˆ*@CE?I*;N?*((U*;<*=<>?@A*E;S*F;*<D*”(*F?:DJ>VD*;T?NB?DO*RD*;GA<CB?I:*F;<*NDVJ*QDKVD*J?FA*J?@?<DE*D*<D
F;<*(@N;E?A*#BDF?AO*•;JF;*;<*E;?:DFA*F;*;N?*(*<D*:AK<;HD*DFMC?E?I*BDFD*G;H*@LJ*NAF;EO*&J>A*F;K?I*F;
DB;:>CDEJ;*;:*<AJ*DƒAJ*;:*MC;*;<*E;S*;N?*((*;ED*C:*:?ƒA*SU*NAE*BA:J?TC?;:>;U*:A*;q;EBVD*F?E;B>D@;:>;*;<
@D:FAO*‡?;:>EDJ*;<*E;S*G?G?IU*>AFA*;J>DKD*DNDE;:>;@;:>;*K?;:U*NC;J*<D*<;D<>DF*D<*E;S*F;<*;qdEB?>A*S*;<*NC;K<A
F;KVD*F;*J;E*NABA*@;:AJ*MC;*?:MC;KED:>DK<;O*%D<*G;H*<D*:AK<;HD*BA:J?TC?I*MC;*;<*E;S*@CE?;ED*J?:
F;JB;:F;:B?DU*F;*@AFA*MC;*@CBQAJ*ABC<>DED:*DJN?EDB?A:;J*F;*ABCNDE*;<*BDETA*>EDJ*JC*@C;E>;O*&<*BDJA*;J*MC;
9922
2 29 29 92!!! 7
"9 021
012323405 679

 7
79   9
#$%&'()*(+*#,&-.&/(0(')(123'4&*(5#6&-.*(,'(%',2'274/
'#(2.+8*,(4'&#*,(3'9.':*,('#().+8$(+*#6&#.$;(<*2*('#
=',*3*6$2&$>(?,6$(@.'(.#$(?3*+$(%'(2&,'4&$;(A#(.#
3$3&4*(9.'(8$(,*74'B&B&%*>(,.($.6*4>(CDEFGH(I6$)(B'J(+*#
+&'46$('K$-'4$+&/#(3*?6&+$L>(%',+4&7'($,M()$(,&6.$+&/#N
OOOPQRSTUQRVQRWXSXYTZ[R\R][RUXRVQR^_XP̀[RQRZQSORaQ
QbPTYYTc]RS[]ZQRW[SRXPRWQdUReXfYPQZQRY[]
PQeX]`[UOOORgPRWQdURUXRVQRX]S̀XhQZ[RQPRVQUd̀[OOORXP
S̀Th[RVQRWXSXYTZ[RW[SR`[ZQURWQSX̀UOOORXPRhSQ]XS[
XUìR^QYd[R\Rj_TX]RP[RY_U`[ZTQkQR\QYXRY_Q]RPQSh[
XURU[kSXRXPRU_XP[OOO
l.4$#6'(',6'(3'4&*%*(@.'4*#(,$9.'$%$,(6*%$,()$,(6.27$,
%'()$(?3*+$(%'()$,(3&4m2&%',;(=.+8*,(%'()*,(4'0',(9.'
@&-.4$#('#()*,($#$)',('-&3+&*,(64$,(n'3&(11(@.'4*#
-*7'4#$#6',()*+$)',(9.'(4'&#$4*#(,&2.)6m#'$2'#6';(5,M>
)*,(4'0',(%'()$,(ZT]QUd̀QURoppR\Roppp(4'&#$4*#('#(='#@&,(*
'#(q')&/3*)&,>('#(')(r$s*(A-&36*>(2&'#64$,(9.'()*,(%'()$,
ZT]QUd̀QURptR\Rt('4$#(%'(q'4$+)'/3*)&,>(s.#6*($)()$-*
=*'4&,;
u$#6*('#(A-&36*(+*2*('#(=',*3*6$2&$>()*,(34&2'4*,(,&-#*,(%'(4'+.3'4$+&/#(%'()$(+4&,&,()*,('#+*#64$2*,('#
)$,(+&.%$%',($)'s$%$,(%'()*(9.'(8$7M$#(,&%*()*,(-4$#%',(+'#64*,(%'(3*%'4;(5,M>('#(A-&36*('23'J/($(34*,3'4$4
)$(+&.%$%(%'(vGwxyz($)({.4>(%'(+.0$(8&,6*4&$($#6'4&*4(,'(,$7'(2.0(3*+*;(n4*7$7)'2'#6'('4$(.#$($)%'$(@.#%$%$
%.4$#6'()$(|(%&#$,6M$(9.'(B&B&/(%'()$,(4.6$,(+*2'4+&$)',(9.'())'-$7$#(8$,6$(}.7&$>(2m,($))m(%'()$(34&2'4$
+$6$4$6$(%')(}&)*;(~*,(-*7'4#$#6',(%'()$,(+&.%$%',(%')(#*46'(,'(*)B&%$4*#(%')()'s$#*(,.4('#(,.,(%&,3.6$,>($,M
9.'(u'7$,(34*,3'4/;({.(%&*,(34&#+&3$)('4$(€‚ƒz(.#(%&*,(%'()$(@'46&)&%$%(+*23)'6$2'#6'(%',+*#*+&%*('#
6&'23*,(%')(123'4&*(5#6&-.*;
A#(=',*3*6$2&$>(2&'#64$,(6$#6*>()*,(-.6&(,'(8$7M$#($,'#6$%*(8$+&$(')(#*46'>(%*#%'(8$7M$(',6$%*()$(+$3&6$)(%'
5+$%;(A,6*(3'42&6&/($($)-.#$,(+&.%$%',(%'({.2'4(+*234$4(,.()&7'46$%(+*234*2'6&?#%*,'($(3$-$4(.#(64&7.6*;
„4.…(34*-4',/(7$s*(,.(poRZT]QUd̀Q†(„4(7$s*(,.(ppRZT]QUd̀Q†(3'4*(')(-*7'4#$#6'(2m,(#*6$7)'(%')(3'4&*%*(@.'
‡EˆGx(%'(~$-$,8>(8$+&$(')(‰Š‹Š>(7$s*(')(+.$)()$(+&.%$%(34*,3'4/('#(3$J>()&74'(%'()*,($@$#',(+*#9.&,6$%*4',(%'
)*,(6&'23*,(%')(4'0(A$##$6.2;(Œ.%'$('27'))'+&/()*,(6'23)*,(0$('K&,6'#6',(0(+*#,64.0/(*64*,(9.&#+'(#.'B*,;
~*,(',+.)6*4',(%'(~$-$,8($34'#%&'4*#($(64$7$s$4()$(%&*4&6$>(.#$(3&'%4$(2.0(%.4$(9.'(,'(64$M$(%')('K6'4&*4;(A)
34&2'4(4',6*(,.2'4&*(9.'(,'(%',+.74&/(I$(@&#$)',(%')(,&-)*(1(%;<;L(@.'(')(3$)$+&*(%'(Œ.%'$;(u4$,(,.(2.'46'>
')(3.'7)*(2*,64/(,.($-4$%'+&2&'#6*(&#+).0'#%*($)(4'0('#64'(,.,(%&*,',;
=&'#64$,(6$#6*>()*,(-.6&(@.'4*#($7,*47&'#%*()$(+.)6.4$($+$%&$>($)(&-.$)(9.'()*,($+$%&*,(8$7M$#($7,*47&%*()$
+.)6.4$(%'()*,(,.2'4&*,(0(?,6*,()$(%'()*,(8$7&6$#6',(34&2&6&B*,(%'()$(4'-&/#;
|*)B&'#%*($(A-&36*>('#(‰ŠŽ‰(,'(&#&+&$(.#$(%&#$,6M$(%'(4'0',(6'7$#*,>(4'-&,64$%$(+*2*()$(tpRZT]QUd̀Q('-&3+&$>
9.'(+*27$6&/($()*,(4'0',(%'(q'4$+)'/3*)&,>(%'(2*%*(9.'('#(‰Š‰‹(u'7$,(%*2&#$7$(6*%*(')(5)6*(A-&36*;
n$4$)')$2'#6'>('#(‰Š‰Ž(')(4'0(E‘’G“x”z(%'()$(oRZT]QUd̀Q(%'(„4.…()*-4/('K3.),$4($()*,(-.6&(%'
=',*3*6$2&$>('#(+*$)&+&/#(+*#()$(+&.%$%(%'(„4;(„#*(%'()*,(*@&+&$)',(%'(„6.•q'-$)(,'('4&-'('#(4'0(%'(„4
I&#&+&$#%*($,M(,.(pppRZT]QUd̀QL(7$s*(')(#*274'(%'(H‘–xE—(r$s*(,.(4'&#$%*>(6*%$(=',*3*6$2&$(9.'%/
.#&%$('#(.#(&23'4&*(6$#(-4$#%'(+*2*(')($+$%&*>(3'4*(%'(+$4m+6'4(2m,(+*2'4+&$)(9.'(2&)&6$4;(5.#9.'(#*(',
34*7$7)'(9.'(@.'4$(')(34&2'4*>()*(+&'46*(',(9.'(')(+/%&-*(%'()'0',(2m,($#6&-.*(9.'(+*#*+'2*,(34*+'%'(%'
',6'(3'4&*%*;(A,(,*434'#%'#6'(')(+$4m+6'4(34*-4',&,6$(%'(',6$,()'0',;(~*,($#6&-.*,(6'#%M$#($(+$,6&-$4()*,(%')&6*,
2'%&$#6'()$(2.'46'(*()$(2.6&)$+&/#>(2&'#64$,(9.'('#(')(+/%&-*(%'(„4•}$22.(,'(',6$7)'+'#(+*23'#,$+&*#',
2*#'6$4&$,;(u$)(B'J(',6$(&%'$(@.'4$(#$6.4$)('#(.#(3.'7)*(%'(+*2'4+&$#6',;(r$s*()$(111(%&#$,6M$(%'(„4(,'
+*#,64.0/(')(2$0*4(˜&-.4$6('%&@&+$%*(8$,6$('#6*#+',;({.(7$,'(2'%M$(™š(3*4(›š(2'64*,>(0(,.,(2.4*,(&#@'4&*4',
I8'+8*,(%'()$%4&))*L(6'#M$#(.#(',3',*4(%'(%*,(2'64*,(0(2'%&*;({'(+*#,'4B$#(%*,(3)$#6$,>(3'4*(3$4'+'(,'4(9.'
6'#M$(.#$(6'4+'4$>(+*#(.#$($)6.4$(6*6$)(%'(‹š(2'64*,;(A)(,.2'4&*(B*)B&/($(,'4()$()'#-.$(*@&+&$)(%'(=',*3*6$2&$
0(',6'(3'4&*%*(,'(+*#,&%'4$()$(A%$%(%'(œ4*(%'(,.()&6'4$6.4$;
9922
2 29 29 92!!! 7
"9 321
012323405 679

 7
79   9
#$%&$'()'*+,*'()'-.&/01'2(3'4(')$'56'4&/$708$'0(9$/$'4(':;&<01='%1/1%&41'%1>1'?@ABCDEB@FGHHI'%1/-.&70J'()
K$L1':;&<01='%1/')1'-.('0141'()'<$87'M1)M&J'$'(70$2'./&N&%$41'9$L1'./'71)1'2(3='(70$'M(O'0(9$/1P'Q.2;8$'$78'()
HRF@STEG?@UTE'(;&<%&1P'#$98$/'<$7$41'VW+'$X17'4(74('()'4(7>(>92$>&(/01'4()'6><(2&1'Y/0&;.1P'Y-.8
7.2;&J'./'%1/N)&%01'2()&;&171='<.(7'()'4&17'<2&/%&<$)'4('Z(9$7'(2$'Y>J/='>&(/02$7'-.('(/'()'K$L1':;&<01')17
7$%(2410(7'4('[$'7(;.8$/'4&2&;&(/41')$'2()&;&J/'3='%1/'())$=';2$/'<$20('4(')$'<1)80&%$P'YN120./$4$>(/0(='Y>J/
/1'0(/8$'./'%.(2<1'7$%(2410$)'0$/'4(7$221))$41='3')17'7$%(2410(7'4('[$'4(7%.92&(21/'2\<&4$>(/0('-.('(/
2($)&4$4'Y>J/'3'[$'(2$/'()'>&7>1'4&17='-.('$'<$20&2'4('(/01/%(7'N.('))$>$41']R^A_`ab'c$'&4($'N./%&1/J'3
)17'7$%(2410(7'4('[$'>$/0.M&(21/'7.'70$0.7'(/')17'/.(M17'0&(><17P'Z(9$7=')$'/.(M$'%$<&0$)'4()'&><(2&1='N.(
%2(%&(/41'3'(/2&-.(%&d/417('%1/'0(><)17'3'>1/.>(/017P
:/02('0$/01=')17'48$7'4(';)12&$'4(')$'666'4&/$708$'4('e2'N.(21/'$%$9$/41P':/'(N(%01='f(71<10$>&$'>$/0.M1
9$70$/0(7';.(22$7'%1/')$7'2(;&1/(7'M(%&/$7='(7<(%&$)>(/0('%1/'()'2(&/1'4(':)$>P'Q&/'(>9$2;1='(/'./'>1>(/01
4$41')$7'%&.4$4(7'7.>(2&$7'2(01>$21/')$'$/0&;.$'%170.>92('4(').%g$2'(/02('78P':)'h)0&>1'2(3'4(')$'4&/$708$'N.(
HiiT_jC@AI'-.('2(&/J'4(74('*+*k'7&/'>\7'41>&/&1'-.('7.'<21<&$'%&.4$4P':/'*++l'./'(Ld2%&01'()$>&0$
$<21M(%gJ')$'$/$2-.8$'3'./'<(2&141'4('g$>92('-.('$O10J'$')$'<21<&$'e2'<$2$'(/02$2'(/')$'%&.4$4'3'g$%(2
<2&7&1/(21'$'699&mQ.(/P'
c17'$%$4&17' n/4&%( c17'$>122(17'

9922
2 29 29 92!!! 7
"9 121