0% found this document useful (0 votes)
16 views2 pages

Loi N°22-09 SPAs Algerie

The document appears to contain a mix of alphanumeric characters, symbols, and formatting that does not convey coherent information. It may be corrupted or improperly formatted data. As a result, it is not possible to extract meaningful content or summarize it effectively.

Uploaded by

tspubami
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
16 views2 pages

Loi N°22-09 SPAs Algerie

The document appears to contain a mix of alphanumeric characters, symbols, and formatting that does not convey coherent information. It may be corrupted or improperly formatted data. As a result, it is not possible to extract meaningful content or summarize it effectively.

Uploaded by

tspubami
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

ÿÿÿ 0123456ÿ1889 96ÿ ÿ65ÿ3 2692 ÿ56 3944 ÿ4ÿ 

ÿÿ
 !"#$%ÿ' noÿÿÿlirÿÿroionÿprÿ‚
(ÿ9( 1(9)914(ÿ9* 3( (ÿ)ÿ89456 ( +,=?A8ÿC8+-ÿ0ÿ̀4ÿ>+7983,8ÿA2=ÿ4ÿ>2;+ÿ25Q8,ÿ<8ÿB2<=M=8+ÿ8,
<8ÿ?2B>A7,8+ÿAP2+<23343?8ÿ3GÿD'J'/ÿ<;ÿEIÿ98>,8B5+8ÿC/D'
+,-ÿ./-ÿ0ÿ123,ÿÿ45+26789:ÿÿ,2;,89ÿ<=9>29=,=239ÿÿ?23,+4=+89 >2+,43,ÿ?2<8ÿ<8ÿ?2BB8+?8-
@ÿA4ÿ>+7983,8ÿA2=:ÿ32,4BB83,ÿA89ÿ4+,=?A89ÿ<8ÿCDÿ@ÿEFÿ<8ÿA4ÿA2= +,-ÿE-ÿ0ÿ`PYWƒ]^Z_ÿ„ <8ÿAP2+<23343?8ÿ3GÿD'J'/ÿ<;ÿEI
3GÿHIJHCÿ<;ÿECÿK2L4++4BÿCFEDÿ?2++89>23<43,ÿ4;ÿEHÿM7N+=8+ 98>,8B5+8ÿC/D'ÿ9;9N=978:ÿ89,ÿB2<=M=7:ÿ?2B>A7,7ÿ8,ÿ+7<=67
EHHI:ÿB2<=M=78ÿ8,ÿ?2B>A7,78:ÿ+8A4,=N8ÿ@ÿA4ÿ>+7N83,=23ÿ8,ÿ@ÿA4 4=39=ÿR;P=Aÿ9;=,ÿ†
A;,,8ÿ?23,+8ÿA4ÿ?2++;>,=23-
#2;,8M2=9:ÿA89ÿ,8O,89ÿ<P4>>A=?4,=23ÿ<8ÿA4ÿA2=ÿ3GÿHIJHCÿ<;ÿEC ‡ÿˆWƒ‰ÿ„ ‰ÿŠ`8ÿ?4+4?,€+8ÿ?2BB8+?=4Aÿ<S;38ÿ92?=7,7ÿ89,
K2L4++4BÿCFEDÿ?2++89>23<43,ÿ4;ÿEHÿM7N+=8+ÿEHHIÿ9;9?=,78: <7,8+B=37ÿ>4+ÿ94ÿM2+B8ÿ2;ÿ>4+ÿ923ÿ25Q8,-
83ÿ+8A4,=23:ÿ+89,83,ÿ83ÿN=6;8;+ÿQ;9R;S@ÿA4ÿ>;5A=?4,=23ÿ<89 123,ÿ?2BB8+?=4A89:ÿ@ÿ+4=923ÿ<8ÿA8;+ÿM2+B8ÿ8,ÿR;8AÿR;8ÿ92=,
,8O,89ÿ<P4>>A=?4,=23ÿ<8ÿA4ÿ>+7983,8ÿA2=ÿ4;ÿTUVWXYZÿU\\]^]_Z- A8;+ÿ25Q8,:ÿA89ÿ92?=7,79ÿ83ÿ32Bÿ?2AA8?,=M:ÿA89ÿ92?=7,79ÿ83
?2BB43<=,8:ÿA89ÿ92?=7,79ÿ@ÿ+89>23945=A=,7ÿA=B=,78:ÿA89ÿ92?=7,79
+,-ÿFH-ÿ0ÿ`Pa+6438ÿ<8ÿ>+7N83,=23ÿ8,ÿ<8ÿA;,,8ÿ?23,+8ÿA4 >4+ÿ4?,=239ÿ8,ÿA89ÿ92?=7,79ÿ>4+ÿ4?,=239ÿ9=B>A=M=789ÿc-
?2++;>,=23ÿ?23,=3;8ÿ@ÿ8O8+?8+ÿ989ÿB=99=239ÿQ;9R;S@
AP=39,4AA4,=23ÿ<8ÿA4ÿ4;,8ÿ4;,2+=,7- +,-ÿ.-ÿ0ÿ`8ÿ^‹YŒ]ƒW_ÿÿ<;ÿƒ]ƒW_ÿÿ<;ÿZ]ŽW_ÿ<8
AP2+<23343?8ÿ3GÿD'J'/ÿ<;ÿEIÿ98>,8B5+8ÿC/D'ÿ9;9N=978:ÿ89,
+,-ÿFC-ÿ0ÿ`89ÿ>8+92338A9:ÿA89ÿ5=839ÿ=BB25=A=8+9: ?2B>A7,7ÿ>4+ÿ;38ÿÿ98?,=23ÿÿCEÿÿ=3,=,;A78ÿÿbÿ12?=7,7ÿÿ>4+ÿÿ4?,=239
B25=A=8+9:ÿA89ÿ25A=64,=239:ÿA89ÿ<+2=,9:ÿA89ÿ<299=8+9ÿ8,ÿA89 9=B>A=M=78ÿcÿÿ?2B>+8343,ÿÿA89ÿYWƒ]^Z_ÿ‘’„ÿ“]ÿ’””•ÿ‘’„ÿ“]
4+?L=N89ÿ<8ÿAPa+6438ÿ<8ÿ>+7N83,=23ÿ8,ÿ<8ÿA;,,8ÿ?23,+8ÿA4 ’”•ÿ‘’„ÿ“]ÿ’”„•ÿ‘’„ÿ“]ÿ’”–•ÿ‘’„ÿ“]ÿ’”‘•ÿ‘’„ÿ“]ÿ’”—•ÿ‘’„
?2++;>,=23:ÿ923,ÿ,+439M7+79ÿ@ÿA4ÿ4;,8ÿ4;,2+=,7ÿ?23M2+B7B83, “]ÿ’”˜•ÿ‘’„ÿ“]ÿ’™•ÿ‘’„ÿ“]ÿ’’•ÿ‘’„ÿ“]ÿ’š8,ÿ‘’„ÿ“]ÿ’”:
@ÿA4ÿA76=9A4,=23ÿ8,ÿ@ÿA4ÿ+76A8B83,4,=23ÿ83ÿN=6;8;+- +7<=678ÿ4=39=ÿR;P=Aÿ9;=,ÿ†
+,-ÿFE-ÿ0ÿ`4ÿ<732B=34,=23ÿ<8ÿbÿA4ÿ4;,8ÿ4;,2+=,7ÿ<8 18?,=23ÿCE
,+439>4+83?8:ÿ<8ÿ>+7N83,=23ÿ8,ÿ<8ÿA;,,8ÿ?23,+8ÿA4ÿ?2++;>,=23ÿc (muruÿqnÿmripÿpqtuo
+8B>A4?8:ÿ@ÿ?2B>,8+ÿ<8ÿA4ÿ>+2B;A64,=23ÿ<8ÿA4ÿ>+7983,8ÿA2=ÿ4;
TUVWXYZÿU\\]^]_Z:ÿ?8AA8ÿ<8ÿbÿAP2+6438ÿ34,=234Aÿ<8ÿ>+7N83,=23ÿ8, ‡ÿˆWƒ‰ÿ‘’„ÿ“]ÿ’””‰ÿÿŠ`4ÿ92?=7,7ÿ>4+ÿ4?,=239ÿ9=B>A=M=78ÿ89,
<8ÿA;,,8ÿ?23,+8ÿA4ÿ?2++;>,=23ÿc:ÿ<439ÿ,2;9ÿA89ÿ,8O,89ÿA76=9A4,=M9 A4ÿ92?=7,7ÿ<23,ÿA8ÿ?4>=,4Aÿ89,ÿ<=N=97ÿ83ÿ4?,=239ÿ8,ÿR;=ÿ89,
8,ÿ+76A8B83,4=+89ÿ83ÿN=6;8;+- ?239,=,;78ÿ83,+8ÿ<89ÿ4992?=79ÿR;=ÿ38ÿ9;>>2+,83,ÿA89ÿ>8+,89ÿR;P@
?23?;++83?8ÿ<8ÿA8;+9ÿ4>>2+,9-
+,-ÿF.-ÿ0ÿ̀4ÿ>+7983,8ÿA2=ÿ98+4ÿÿ>;5A=78ÿ4;ÿTUVWXYZÿU\\]^]_Z
<8ÿA4ÿ$7>;5A=R;8ÿ4A67+=8338ÿ<7B2?+4,=R;8ÿ8,ÿ>2>;A4=+8- `4ÿ92?=7,7ÿ>4+ÿ4?,=239ÿ9=B>A=M=78ÿ>8;,ÿ›,+8ÿ=39,=,;78ÿ>4+ÿ;38
2;ÿ>A;9=8;+9ÿ>8+923389ÿ>Lœ9=R;89ÿ8,2;ÿB2+4A89-
d4=,ÿ@ÿ A68+:ÿA8ÿFÿL42;4AÿCFF.ÿ?2++89>23<43,ÿ4; `2+9R;8ÿA4ÿ92?=7,7ÿ>4+ÿ4?,=239ÿ9=B>A=M=78ÿ38ÿ?2B>2+,8
'ÿB4=ÿEHEE- R;P;38ÿ98;A8ÿ>8+92338:ÿ?8AA8J?=ÿ89,ÿ<732BB78ÿbÿ92?=7,7ÿ>4+
5<8AB4<Q=<ÿ#%eeafg%- 4?,=239ÿ9=B>A=M=78ÿ;3=>8+92338AA8ÿc-
0000h0000
6ÿiÿjkÿlÿÿ ÿÿmnnopqilirÿ `4ÿ92?=7,7ÿ>4+ÿ4?,=239ÿ9=B>A=M=78ÿ89,ÿ=39,=,;78
sÿÿÿltirÿorÿmqurirÿvnliiimo 8O?A;9=N8B83,ÿÿ>4+ÿÿ<89ÿÿ92?=7,79ÿÿ4œ43,ÿÿ7,7ÿÿ?8+,=M=789
iÿwsjskÿlÿxÿpoqroynoÿkwsÿqnrirÿmloÿlo bÿ9,4+,J;>ÿc-ÿ
monmoz ‡ÿˆWƒ‰ÿ‘’„ÿ“]ÿ’”‰ÿŠ a;,+8ÿA89ÿ4;,+89ÿ?4+4?,7+=9,=R;89
0000 M=O789ÿ<439ÿA4ÿ>+7983,8ÿ98?,=23:ÿA4ÿ92?=7,7ÿ>4+ÿ4?,=239
9=B>A=M=78ÿ98ÿ?4+4?,7+=98ÿ>4+ÿA8ÿM4=,ÿR;P8AA8ÿ89,ÿ=39,=,;78ÿ9439
`8ÿ!+79=<83,ÿ<8ÿA4ÿ$7>;5A=R;8: 25A=64,=23ÿ<P;3ÿB=3=B;Bÿ<P4992?=79ÿ2;ÿ<8ÿ?4>=,4Aÿ8,ÿR;8ÿA89
{;ÿA4ÿ239,=,;,=23:ÿ32,4BB83,ÿ989ÿ4+,=?A89ÿC./:ÿCF.:ÿCFF B2<4A=,79ÿ<8ÿ923ÿ2+643=94,=23ÿ8,ÿ<8ÿ923ÿM23?,=2338B83,ÿ923,
|4A=374ÿE}:ÿCF'ÿ8,ÿCF~ÿ M=O789ÿ<439ÿ989ÿ9,4,;,9ÿc-
{;ÿAP2+<23343?8ÿ3GÿD'J'~ÿ<;ÿEIÿ98>,8B5+8ÿC/D':ÿB2<=M=78 ‡ÿˆWƒ‰ÿ‘’„ÿ“]ÿ’”„‰ÿŠž439ÿA4ÿB89;+8ÿ2Ÿÿ8AA89ÿ38ÿ923,ÿ>49
8,ÿ?2B>A7,78:ÿ>2+,43,ÿ?2<8ÿ?=N=Aÿ =3?2B>4,=5A89ÿ4N8?ÿA89ÿ<=9>29=,=239ÿ>+7N;89ÿ@ÿA4ÿ>+7983,8
{;ÿAP2+<23343?8ÿ3GÿD'J'/ÿ<;ÿEIÿ98>,8B5+8ÿC/D':ÿB2<=M=78 98?,=23:ÿA89ÿ+€6A89ÿ+8A4,=N89ÿ4;Oÿ92?=7,79ÿ>4+ÿ4?,=239:ÿ@
8,ÿ?2B>A7,78:ÿ>2+,43,ÿ?2<8ÿ<8ÿ?2BB8+?8ÿ AP8O?8>,=23ÿ<8ÿ?8AA89ÿ>+7N;89ÿ4;Oÿ4+,=?A89ÿ'/Fÿ|4A=374ÿC8+}:
IHCÿ|4A=374ÿC8+}:ÿIHD:ÿICH:ÿIC/ÿ8,ÿDC'ÿ5=9ÿC'ÿ<;ÿ>+7983,ÿ?2<8:
{;ÿA4ÿA2=ÿ3GÿH~JH/ÿ<;ÿC~ÿ14M4+ÿCFE/ÿ?2++89>23<43,ÿ4;ÿE' 923,ÿ4>>A=?45A89ÿ@ÿA4ÿ92?=7,7ÿ>4+ÿ4?,=239ÿ9=B>A=M=78ÿc-
M7N+=8+ÿEHH~ÿ>2+,43,ÿ?2<8ÿ<8ÿ>+2?7<;+8ÿ?=N=A8ÿ8, ‡ÿˆWƒ‰ÿ‘’„ÿ“]ÿ’”–‰ÿŠ `89ÿ4,,+=5;,=239ÿ<;ÿ?2398=A
4<B=3=9,+4,=N8ÿ <S4<B=3=9,+4,=23ÿ2;ÿ<8ÿ923ÿ>+79=<83,ÿ923,ÿ8O8+?789ÿ>4+ÿA8
>+€9ÿ4N=9ÿ<;ÿ2398=Aÿ<P%,4,ÿ >+79=<83,ÿ<8ÿA4ÿ92?=7,7ÿ>4+ÿ4?,=239ÿ9=B>A=M=78ÿ2;ÿA8ÿ<=+=6843,
>+€9ÿ4<2>,=23ÿ>4+ÿA8ÿ!4+A8B83,ÿ R;8ÿA89ÿ9,4,;,9ÿ<79=6383,ÿ@ÿ?8,ÿ8MM8,:ÿ83ÿR;4A=,7ÿ<8ÿ<=+8?,8;+
6737+4Aÿ2;ÿ<8ÿ<=+8?,8;+ÿ6737+4Aÿ<7A76;7-ÿ
 0123456ÿ1889 96ÿ ÿ65ÿ3 2692 ÿ56 3944 ÿ4ÿ ÿÿÿ
ÿÿ
!ÿ#$ÿ%!ÿ&$ÿ#ÿ!'%()*)ÿ+,ÿ%*('!ÿ!(-+#(.()$ 9ÿ;<=ÿ?@AÿBCDÿ@O@>ÿFG$!ÿ%*(' (,$!ÿ+$/4$*ÿ&)%(&$,ÿ5
/(+$,!' $##$0ÿ#ÿ+,)!(&$%$ÿ$!*ÿ!!/,)$ÿ+,ÿ#1%*(' (,$ #1/(-(*)ÿ2/$ÿ#$ÿ,$%'/,!ÿ5ÿ/ÿ%'--(!!(,$ÿ/3ÿ++',*!ÿ$
/(2/$ÿ2/(ÿ$3$,%$ÿ#$!ÿ+'/4'(,!ÿ&)4'#/!ÿ/ÿ+,)!(&$*ÿ$*ÿ+,$& !$,ÿ+!ÿ'6#(J*'(,$0ÿ#',!2/$ÿ#ÿ4#$/,ÿ*'*#$ÿ&$ÿ#1$!$-6#$
#$!ÿ&)%(!('!ÿ&)4'#/$!ÿ5ÿ#1!!$-6#)$ÿ&$!ÿ%*(' (,$!ÿ78 &$!ÿ++',*!ÿ$ÿ*/,$0ÿ'ÿ!'/-(!ÿ5ÿ#1)4#/*('ÿ&1/
9ÿ;<=>ÿ?@AÿBCDÿ@E?>ÿFG$!ÿ!**/*!ÿ&$ÿ#ÿ!'%()*)ÿ&)*$,-($* %'--(!!(,$ÿ/3ÿ++',*!0ÿ1$3%K&$ÿ+!ÿ#ÿ-'(*()ÿ&/ÿ%+(*#8
#$!ÿ&)%(!('!ÿ2/(ÿ&'(4$*ÿH*,$ÿ+,(!$!ÿ%'##$%*(4$-$*ÿ+,ÿ#$! Q ÿ%!ÿ&$ÿ!'%()*)ÿ+,ÿ%*('!ÿ!(-+#(.()$ÿ/(+$,!' $##$0ÿ#$
%*(' (,$!8ÿ %'--(!!(,$ÿ/3ÿ++',*!ÿ$!*ÿ&)!(J)ÿ+,ÿ#1%*(' (,$
I'/*$.'(!0ÿ#$!ÿ&)%(!('!ÿ&)4'#/$!ÿ/3ÿ!!$-6#)$!ÿJ)),#$! /(2/$8ÿI'/*$.'(!0ÿ#$ÿ,$%'/,!ÿ5ÿ/ÿ%'--(!!(,$ÿ/3ÿ++',*!
',&((,$!ÿ$*ÿ$3*,',&((,$!0ÿ$ÿ-*(K,$ÿ&L/J-$**('0 $!*ÿ.%/#**(.0ÿ#',!2/$ÿ#$!ÿ%'&(*('!ÿ+,)4/$!ÿ/ÿ+,$-($,
&L-',*(!!$-$*ÿ'/ÿ&$ÿ,)&/%*('ÿ&$ÿ%+(*#0ÿ&$ÿ./!('0ÿ&$ #()ÿ&/ÿ+,)!$*ÿ,*(%#$ÿ!'*ÿ,)/($!ÿ78
!%(!!('0ÿ&$ÿ&(!!'#/*('0ÿ&$ÿ*,!.',-*('ÿ$ÿ/$ÿ!'%()*) 9ÿ;<=>ÿ?@AÿBCDÿ@OR>ÿFG',!2/1(#ÿ1Sÿÿ+!ÿ$/ÿ&)!(J*('
&L/$ÿ/*,$ÿ.',-$0ÿ&$ÿ'-(*('ÿ&$ÿ%'--(!!(,$!ÿ/3 &$ÿ%'--(!!(,$ÿ/3ÿ++',*!ÿ'/ÿ#',!2/$ÿ#ÿ4#$/,ÿ,$*$/$ÿ$!*
%'-+*$!0ÿ&$ÿ%'-+*$!ÿ /$#!ÿ$*ÿ&$ÿ6)).(%$!0ÿ&'(4$*ÿH*,$ &(..),$*$ÿ&$ÿ%$##$ÿ+,'+'!)$ÿ+,ÿ#$ÿ%'--(!!(,$ÿ/3ÿ++',*!0
+,(!$!ÿ%'##$%*(4$-$*ÿ+,ÿ#$!ÿ!!'%()!ÿÿ%'.',-)-$*ÿ/3
-'&#(*)!ÿ.(3)$!ÿ+,ÿ#$!ÿ!**/*!ÿ&$ÿ#ÿ!'%()*)ÿ78 #$!ÿ%*(' (,$!ÿ!'*ÿ!'#(&(,$-$*ÿ,$!+'!6#$!ÿ+$&*ÿ%(2
TUVÿ!0ÿ5ÿ#1)J,&ÿ&$!ÿ*($,!0ÿ&$ÿ#ÿ4#$/,ÿ**,(6/)$ÿ/3ÿ++',*!
9ÿ;<=>ÿ?@AÿBCDÿ@EM>ÿF G$ÿ%+(*#ÿ!'%(#ÿ&$ÿ#ÿ!'%()*)ÿ+, $ÿ*/,$ÿ&!ÿ#$!ÿ!**/*!ÿ&$ÿ#ÿ!'%()*)ÿ78
%*('!ÿ!(-+#(.()$ÿ$!*ÿ.(3)ÿ&!ÿ!$!ÿ!**/*!ÿ78
9ÿ;<=>ÿ?@AÿBCDÿ@EN>ÿF Gÿ!'%()*)ÿ+,ÿ%*('!ÿ!(-+#(.()$ÿ$ 9ÿ;<=>ÿ?@AÿBCDÿ@OE>ÿF G$!ÿ,KJ#$!ÿ.(3*ÿ#ÿ,$!+'!6(#(*)
+$/*ÿ.(,$ÿ++$#ÿ+/6#(2/$-$*ÿ5ÿ#1)+,J$ÿ'/ÿ+,'%)&$,ÿ5 &/ÿ+,)!(&$*ÿ'/ÿ&$!ÿ&-((!*,*$/,!ÿ&$ÿ#ÿ!'%()*)ÿ+,ÿ%*('!0
#1&-(!!('ÿ&$ÿ!$!ÿ%*('!ÿ$ÿ6'/,!$ÿ78 !'*ÿ++#(%6#$!ÿ/ÿ+,)!(&$*ÿ$*ÿ/ÿ&(,$%*$/,ÿJ)),#ÿ'/
&(,$%*$/,ÿJ)),#ÿ&)#)J/)ÿ&$ÿ#ÿ!'%()*)ÿ+,ÿ%*('!
9ÿ;<=>ÿ?@AÿBCDÿ@OP>ÿFGÿ!'%()*)ÿ+,ÿ%*('!ÿ!(-+#(.()$ÿ+$/* !(-+#(.()$ÿ78
)-$**,$ÿ&$!ÿ%*('!ÿ(#()6#$!ÿ,)!/#**ÿ&1++',*!ÿ$ W,*8ÿX8ÿYÿGÿ+,)!$*$ÿ#'(ÿ!$,ÿ+/6#()$ÿ/ÿZ[\<]^_ÿ[`C̀aCb_
(&/!*,($8 &$ÿ#ÿc)+/6#(2/$ÿ#J),($ $ÿ&)-'%,*(2/$ÿ$*ÿ+'+/#(,$8
G$!ÿ++',*!ÿ$ÿ(&/!*,($ÿ$ÿ%'%'/,$*ÿ+!ÿ5ÿ#ÿ.',-*(' d(*ÿ5ÿW#J$,0ÿ#$ÿXÿef'/#ÿgXXhÿ%',,$!+'&*ÿ/
&/ÿ%+(*#ÿ!'%(#0ÿ-(!ÿ&' $*ÿ#($/ÿ5ÿ#1**,(6/*('ÿ&1%*('!
'/4,*ÿ&,'(*ÿ/ÿ+,*J$ÿ&$!ÿ6)).(%$!0ÿ&$ÿ#1%*(.ÿ$*ÿ$*ÿ&$! Uÿ-(ÿijii8
+$,*$!8ÿG$/,ÿ4#$/,ÿ$*ÿ#$!ÿ6)).(%$!ÿ2/1(#!ÿJ)K,$*ÿ!'*ÿ.(3)!
&!ÿ#$!ÿ!**/*!ÿ&$ÿ#ÿ!'%()*)ÿ78 W6&$#-&k(&ÿIQllmnoQ8

3 pq
rstuvÿwtrxyuzvuÿzÿ{|ÿyÿÿ ÿ ‡/ÿ#$ÿ&)%,$*ÿ$3)%/*(.ÿ‹ÿii‰jŠÿ&/ÿiˆÿ'/-&ÿQ#ÿm/#
sttuxwzyzvÿÿ}ÿÿÿwtvzvÿstrvzÿy~z gXXhÿ%',,$!+'&*ÿ/ÿhÿk4($,ÿijiiÿ+',**ÿ,)+,*(*('ÿ&$!
swvtuÿuvÿvtzxutvÿyuÿstryvxÿÿ€yuvÿyu %,)&(*!ÿ'/4$,*!0ÿ/ÿ*(*,$ÿ&/ÿ6/&J$*ÿ&$ÿ.'%*(' $-$*0ÿ+,ÿ#
zsvzzuuzvÿyÿzxv‚tuÿyuÿÿƒxvsu„ #'(ÿ&$ÿ.(%$!ÿ+'/,ÿijii0ÿ/ÿ-((!*,$ÿ&$ÿ#ÿk/!*(%$0ÿJ,&$ÿ&$!
YYYY !%$/3ÿŒ
G$ÿ,)!(&$*ÿ&$ÿ#ÿc)+/6#(2/$0 rst‚vuÿ
†/,ÿ#$ÿ,++',*ÿ&/ÿ-((!*,$ÿ&$!ÿ.(%$!0 W,*(%#$ÿg$,8ÿYÿ‘#ÿ$!*ÿ%,))0ÿ/ÿ!$(ÿ&$ÿ#ÿ'-$%#*/,$ÿ&/
‡/ÿ#ÿe'!*(*/*('0ÿ'*--$*ÿ!$!ÿ,*(%#$!ÿˆg‰Š‹ÿ$*ÿgXg 6/&J$*ÿ&$ÿ.'%*(' $-$*ÿ&/ÿ-((!*K,$ÿ&$ÿ#ÿk/!*(%$0
T#()ÿg$,VÿŒ !$%*('ÿ‘ÿ’ÿ(,$%*('ÿ&$ÿ#L&-((!*,*('ÿJ)),#$0
‡/ÿ#ÿ#'(ÿ‹ÿX‰gŠÿ&/ÿŠÿk/(##$*ÿgˆX0ÿ-'&(.()$ÿ$*ÿ%'-+#)*)$0 †'/!‰!$%*('ÿ‘ÿ’ÿW&-((!*,*('ÿ%$*,#$0ÿI(*,$ÿ‘‘‘ÿ’ÿ-'S$!
,$#*(4$ÿ/3ÿ#'(!ÿ&$ÿ.(%$!ÿŒ &$!ÿ!$,4(%$!0ÿŠK-$ÿ,*($ÿ’ÿ&)+$!$!ÿ&(4$,!$!0ÿ/ÿ%f+(*,$
‹ÿhЉgiÿ(*(*/#)ÿ“ÿW&-((!*,*('ÿ%$*,#$ÿYÿ)+$!$!ÿ#()$!
‡/ÿ#ÿ#'(ÿ ‹ÿig‰gŽÿ&/ÿiUÿ'/-&ÿQ#ÿm/#ÿgXXh 5ÿ#ÿ-(!$ÿ$ÿ”/4,$ÿ&$ÿ#ÿ%'4$*('ÿTn ('ÿ$/,'+)$ $ÿY
%',,$!+'&*ÿ/ÿhjÿ&)%$-6,$ÿijigÿ+',**ÿ#'(ÿ&$ÿ.(%$! W#J),($Vÿ,$#*(4$ÿ/ÿ+,'J,--$ÿ&L++/(ÿ/ÿ!$%*$/,ÿ&$ÿ#
+'/,ÿijiiÿŒ k/!*(%$ÿ78
‡/ÿ#$ÿ&)%,$*ÿ+,)!(&$*($#ÿ&/ÿiˆÿ'/-&ÿQ#ÿm/#ÿgXXh W,*8ÿi8ÿYÿ‘#ÿ$!*ÿ /#)0ÿ!/,ÿijii0ÿ/ÿ%,)&(*ÿ&$ÿ!$(•$
%',,$!+'&*ÿ/ÿhÿk4($,ÿijiiÿ+',**ÿ,)+,*(*('ÿ&$! -(##('!ÿ&$ÿ&(,!ÿTgŽ8jjj8jjjÿWV0ÿ++#(%6#$ÿ/ÿ6/&J$*
%,)&(*!ÿ'/4$,*!0ÿ/ÿ*(*,$ÿ&/ÿ6/&J$*ÿ&$ÿ.'%*(' $-$*0ÿ+,ÿ# &$!ÿ%f,J$!ÿ%'--/$!ÿ$*ÿ/ÿ%f+(*,$ÿ‹ÿhЉˆgÿ“ÿ)+$!$!
#'(ÿ&$ÿ.(%$!ÿ+'/,ÿijii0ÿ/ÿ6/&J$*ÿ&$!ÿ%f,J$! )4$*/$##$!ÿYÿ,'4(!('ÿJ,'/+)$ÿ78ÿ
%'--/$!ÿŒ

You might also like