/"3* 0' $&/53 "- 0)*0 ] 41&$*"- "%7&35*4*/( '&"563&
.FTTBHF GSPN UIF 1SFTJEFOU 8FMDPNF UP /"3* 50%": 'PS NPSF UIBO ZFBST UIF /BUJPOBM "TTPDJBUJPO PG UIF 3FNPEFMJOH *OEVTUSZ /"3* IBT CFFO DPO OFDUJOH SFNPEFMJOH QSPGFTTJPOBMT XJUI DFO USBM 0IJP DPOTVNFST 8JUI B HSPXJOH /"3* NFNCFSTIJQ UIBU BMSFBEZ FYDFFET USVTUFE QSPGFT TJPOBMT $FOUSBM 0IJP )PNF (BSEFO NBHB[JOF BOE /"3* IBWF DPMMBCPSBUFE UP CSJOH ZPV UIF MBUFTU SFNPEFMJOH JOEVTUSZ JOGPSNBUJPO BOE BEWJDF BĊFDUJOH ZPV JO /"3* 50%":
*G ZPV SF UJSFE PG QPPS TFSWJDF PS mOE JU EJċDVMU UP MPDBUF B TLJMMFE DPOUSBDUPS /"3* JT ZPVS CFTU SFTPVSDF /"3* DPOUSBDUPST VOEFSHP B UIPSPVHI CBDLHSPVOE DIFDL BOE BSF TDSFFOFE VTJOH TUSJOHFOU DSJUF SJB GPS FYQFSJFODF BOE DSBGUTNBOTIJQ ɨFZ BMTP NVTU EJTQMBZ B DPNNJU NFOU UP UIF /"3* DPEF PG FUIJDT #Z SFBEJOH /"3* 50%": ZPV XJMM MFBSO NPSF BCPVU XPSLJOH XJUI UIF NPTU USVTUFE QSPGFTTJPOBMT JO UIF SFNPEFMJOH JOEVTUSZ $POTVNFST DPOTJTUFOUMZ BSF
TFBSDIJOH GPS UIF NPTU RVBMJmFE BOE FUIJDBM SFNPEFMJOH QSPGFT TJPOBMT JO UIFJS BSFB CVU TUSVHHMF UP LOPX XIFSF UP MPPL ɨJT QVCMJDBUJPO JOUSPEVDFT ZPV UP UIF QSPGFTTJPOBM NFNCFST PG /"3* BOE TFSWFT BT B HVJEF UP SFNPEFMJOH SJHIU 8JUIJO JUT QBHFT ZPV XJMM mOE FYQFSU BEWJDF BOE BSUJDMFT XSJUUFO CZ /"3* NFNCFST UP IFMQ FEVDBUF ZPV PO OVNFSPVT TVCKFDUT BĊFDUJOH PVS JOEVTUSZ ɨJT JTTVF PG /"3* 50%": JT UIF mSTU PG JUT LJOE BOE XJMM BQQFBS CJNPOUIMZ XJUIJO $FOUSBM 0IJP )PNF (BSEFO 8F IPQF ZPV FOKPZ UIF DPOUFOU PG /"3*
50%": BOE FYQFSJFODF UIF EJĊFSFODF B /"3* NFNCFS DBO NBLF TPPO *G ZPV IBWF RVFTUJPOT BCPVU /"3* PS IPX UP MPDBUF B /"3* NFNCFS XIP DBO IFMQ XJUI ZPVS OFFET WJTJU XXX USVTUOBSJ PSH UP HFU TUBSUFE 8F MPPL GPSXBSE UP TFSWJOH ZPV #SZDF +BDPC
1SFTJEFOU /"3* PG $FOUSBM 0IJP 7JDF 1SFTJEFOU %BWF 'PY 3FNPEFMJOH *OD
/52 6!,5%3 ĚğĥĖĘģĚĥĪ ėĒĞĚĝĪ ęĠğĖĤĥĪ ģĖĤġĖĔĥ ĖĕĦĔĒĥĚĠğ
9/52 '5)$% 4/ 2%-/$%,).' 2)'(4
777 42534.!2) /2'