25*$1,6$7,21 021',$/( '( /$ 6$17( &216(,/ (;(&87,) &HQW TXDWRU]LqPH VHVVLRQ 3RLQW GH O¶RUGUH GX MRXU SURYLVRLUH (% PDUV
2UJDQHV GLUHFWHXUV SURFKDLQHV VHVVLRQV GX &RQVHLO H[pFXWLI HW GH O¶$VVHPEOpH GH OD 6DQWp 5DSSRUW GX 6HFUpWDULDW
&(17 48,1=,(0( 6(66,21 '8 &216(,/ (;(&87,) /¶DUWLFOH GH OD &RQVWLWXWLRQ GH O¶206 VWLSXOH TXH © /H &RQVHLO VH UpXQLW DX PRLQV GHX[ IRLV SDU DQ HW GpWHUPLQH OH OLHX GH FKDTXH UpXQLRQ ª /¶DUWLFOH GX 5qJOHPHQW LQWpULHXU GX &RQVHLO SUpFLVH TXH OH &RQVHLO © IL[H j FKDTXH VHVVLRQ OD GDWH HW OH OLHX GH OD VHVVLRQ VXLYDQWH ª ,O HVW SURSRVp GH FRQYRTXHU OD FHQW TXLQ]LqPH VHVVLRQ GX &RQVHLO OH OXQGL MDQYLHU DX 6LqJH GH O¶206 j *HQqYH HW GH FORUH OD VHVVLRQ DX SOXV WDUG OH PDUGL MDQYLHU
&,148$17(+8,7,(0( $66(0%/(( 021',$/( '( /$ 6$17( $X[ WHUPHV GH O¶DUWLFOH GH OD &RQVWLWXWLRQ GH O¶206 © /¶$VVHPEOpH GH OD 6DQWp VH UpXQLW HQ VHVVLRQ RUGLQDLUH DQQXHOOH « ª /¶DUWLFOH VWLSXOH HQ RXWUH TXH © /¶$VVHPEOpH GH OD 6DQWp ORUV GH FKDTXH VHVVLRQ DQQXHOOH FKRLVLW OH SD\V RX OD 5pJLRQ GDQV OHTXHO VH WLHQGUD VD SURFKDLQH VHVVLRQ DQQXHOOH OH &RQVHLO HQ IL[DQW XOWpULHXUHPHQW OH OLHX ª &RQIRUPpPHQW j O¶DUWLFOH © /H &RQVHLO « DUUrWH OD GDWH GH FKDTXH VHVVLRQ DQQXHOOH « ª 'DQV VD GpFLVLRQ :+$ [YL OD 7UHQWLqPH $VVHPEOpH PRQGLDOH GH OD 6DQWp D SULp OH &RQVHLO H[pFXWLI GH IL[HU pJDOHPHQW OD GXUpH GH FKDTXH VHVVLRQ 6L OD &LQTXDQWH6HSWLqPH $VVHPEOpH PRQGLDOH GH OD 6DQWp GpFLGH TXH OD &LQTXDQWH+XLWLqPH $VVHPEOpH PRQGLDOH GH OD 6DQWp VH WLHQGUD HQ 6XLVVH LO HVW SURSRVp GH FRQYRTXHU OD &LQTXDQWH +XLWLqPH $VVHPEOpH PRQGLDOH GH OD 6DQWp OH OXQGL PDL DX 3DODLV GHV 1DWLRQV j *HQqYH HW GH FORUH O¶$VVHPEOpH DX SOXV WDUG OH PHUFUHGL PDL
(%
0(685(6 $ 35(1'5( 3$5 /( &216(,/ (;(&87,) /H &RQVHLO VRXKDLWHUD SHXWrWUH HQYLVDJHU G¶DGRSWHU OHV GpFLVLRQV FLDSUqV /H &RQVHLO H[pFXWLI D GpFLGp TXH VD FHQW TXLQ]LqPH VHVVLRQ V¶RXYULUDLW OH OXQGL MDQYLHU DX 6LqJH GH O¶206 j *HQqYH HW SUHQGUDLW ILQ DX SOXV WDUG OH PDUGL MDQYLHU /H &RQVHLO H[pFXWLI D GpFLGp TXH OD &LQTXDQWH+XLWLqPH $VVHPEOpH PRQGLDOH GH OD 6DQWp VH WLHQGUDLW DX 3DODLV GHV 1DWLRQV j *HQqYH HW TX¶HOOH V¶RXYULUDLW OH OXQGL PDL HW SUHQGUDLW ILQ DX SOXV WDUG OH PHUFUHGL PDL