Pobierz - presco group

ZĂƉŽƌƚďŝĞǏČĐLJŶƌϭϬͬϮϬϭϯ
ĂƚĂƐƉŽƌnjČĚnjĞŶŝĂ͗ϭϰĐnjĞƌǁĐĂϮϬϭϯ
dĞŵĂƚ͗WŽǁŽųĂŶŝĞĐnjųŽŶŬſǁĂƌnjČĚƵŶĂŶŽǁČŬĂĚĞŶĐũħ
WŽĚƐƚĂǁĂƉƌĂǁŶĂ͗ƌƚ͘ϱϲƵƐƚ͘ϭƉŬƚϮhƐƚĂǁLJŽŽĨĞƌĐŝĞʹŝŶĨŽƌŵĂĐũĞďŝĞǏČĐĞŝŽŬƌĞƐŽǁĞ
dƌĞƑđ͗
ĂƌnjČĚ W͘Z͘͘^͘͘K͘ 'ZKhW ^͘͘ ;ͣW͘Z͘͘^͘͘K͕͘͟ ͣ^ƉſųŬĂ͟Ϳ ŝŶĨŽƌŵƵũĞ͕ ǏĞ ZĂĚĂ EĂĚnjŽƌĐnjĂ
W͘Z͘͘^͘͘K͘ŶĂƉŽƐŝĞĚnjĞŶŝƵǁĚŶŝƵϭϰĐnjĞƌǁĐĂϮϬϭϯƌ͘ƉŽǁŽųĂųĂŶĂŶŽǁČǁƐƉſůŶČƚƌnjLJůĞƚŶŝČ
ŬĂĚĞŶĐũħ͕ĂƌnjČĚ^ƉſųŬŝǁƐŬųĂĚnjŝĞ͗
ϭ͘ <ƌnjLJƐnjƚŽĨWŝǁŽŷƐŬŝʹWƌĞnjĞƐĂƌnjČĚƵ͖
Ϯ͘ tŽũĐŝĞĐŚŶĚƌnjĞũĞǁƐŬŝʹtŝĐĞƉƌĞnjĞƐĂƌnjČĚƵ͖
ϯ͘ WĂǁĞų^njĞũŬŽʹnjųŽŶĞŬĂƌnjČĚƵ͖
hĐŚǁĂųĂ ǁĐŚŽĚnjŝ ǁ ǏLJĐŝĞ nj ĚŶŝĞŵ ŽĚďLJĐŝĂ tĂůŶĞŐŽ ŐƌŽŵĂĚnjĞŶŝĂ njĂƚǁŝĞƌĚnjĂũČĐĞŐŽ
ƐƉƌĂǁŽnjĚĂŶŝĞĨŝŶĂŶƐŽǁĞ^ƉſųŬŝnjĂƌŽŬϮϬϭϮ͘
^ƉſųŬĂǁnjĂųČĐnjĞŶŝƵĚŽƌĂƉŽƌƚƵƉƌnjĞŬĂnjƵũĞǏLJĐŝŽƌLJƐLJ͘
™™™Ǥ’”‡•…‘Ǥ’Ž
‘–ƒ–̷’”‡•…‘Ǥ’Ž
ǤǤǤǤǤǤ
ǤǤ††œ‹ƒÏ™‹Ž‡ǣŽǤ‘Œ•ƒ‘Ž•‹‡‰‘Ͷͻǡ͸ͶǦͻʹͲ‹ÏƒǤ’×ύƒœƒ”‡Œ‡•–”‘™ƒƒ™¦†œ‹‡‡Œ‘‘™›†Žƒ‹ƒ•–ƒ
•–‘χ…œ‡‰‘ƒ”•œƒ™›™›†œ‹ƒÏ’‘†—‡”‡ͲͲͲͲ͵͹ʹ͵ͳͻǤǣͺͻ͹Ǧͳ͹ǦͲʹǦͳͺ͸Ǥ‡‰‘ͲʹͲͲʹ͵͹ͻ͵Ǥƒ’‹–ƒÏœƒÏƒ†‘™›Ȃͳͻ
͹ͲͲͲͲͲœÏ™’‡Ï‹‘’󅑐›Ǥ
<ƌnjLJƐnjƚŽĨWŝǁŽŷƐŬŝ
hƌŽĚnjŽŶLJ͗ϮϵŵĂũĂϭϵϳϳƌ͘
tƐƉſųƚǁſƌĐĂƉŽůƐŬŝĞŐŽƌLJŶŬƵǁŝŶĚLJŬĂĐũŝŝŝŶǁĞƐƚLJĐũŝǁǁŝĞƌnjLJƚĞůŶŽƑĐŝůŝĐnjČĐĞŐŽŽďĞĐŶŝĞďůŝƐŬŽϭϱůĂƚ͘
WŽƐŝĂĚĂ ŬŽŵƉĞƚĞŶĐũĞ ǁ njĂŬƌĞƐŝĞ ďƵĚŽǁĂŶŝĂ ƐƚƌĂƚĞŐŝŝ ŝ njĂƌnjČĚnjĂŶŝĂ ƐƚƌĂƚĞŐŝĐnjŶĞŐŽ͕ ŵĂƌŬĞƚŝŶŐƵ͕
njĂƌnjČĚnjĂŶŝĂ ƉƌŽũĞŬƚĂŵŝ͕ ĂŶĂůŝnjLJ ĨŝŶĂŶƐŽǁĞũ ǁ ŬŽŶƚĞŬƑĐŝĞ ďƵĚŽǁĂŶŝĂ ǁĂƌƚŽƑĐŝ ĨŝƌŵLJ͕ njĂƌnjČĚnjĂŶŝĂ
ŬĂƉŝƚĂųĞŵůƵĚnjŬŝŵŽƌĂnjnjĂƌnjČĚnjĂŶŝĂƉƌnjĞnjũĂŬŽƑđʹdŽƚĂůYƵĂůŝƚLJDĂŶĂŐĞŵĞŶƚ͘
WƌnjĞďŝĞŐŬĂƌŝĞƌLJnjĂǁŽĚŽǁĞũ͗
ϮϬϭϯʹŶĂĚĂů͗ĞďĞƚWĂƌƚŶĞƌ^Ɖ͘nj͘Ž͘Ž͘njƐŝĞĚnjŝďČǁtĂƌƐnjĂǁŝĞʹnjųŽŶĞŬĂƌnjČĚƵ͖
ϮϬϭϭʹŶĂĚĂů͗ŶƉŝƌĞ/ŶǀĞƐƚŵĞŶƚƐ^Ɖ͘njŽ͘Ž͘njƐŝĞĚnjŝďČǁWŝůĞʹtŝĐĞƉƌĞnjĞƐĂƌnjČĚƵ͖
ϮϬϬϵʹŶĂĚĂů͗WŝǁŽŶƐŬŝ/ŶǀĞƐƚŵĞŶƚƐ>ŝŵŝƚĞĚnjƐŝĞĚnjŝďČǁEŝŬŽnjũŝ;ZĞƉƵďůŝŬĂLJƉƌƵͿʹnjųŽŶĞŬĂƌnjČĚƵ͖
ϮϬϬϲʹŶĂĚĂů͗WƌĞƐĐŽ/ŶǀĞƐƚŵĞŶƚƐ^͘Ăƌ͘ů͘njƐŝĞĚnjŝďČǁ>ƵŬƐĞŵďƵƌŐƵʹnjųŽŶĞŬĂƌnjČĚƵ͖
ϮϬϬϱʹŶĂĚĂů͗W͘Z͘͘^͘͘K͘'ZKhW^͘͘ʹWƌĞnjĞƐĂƌnjČĚƵ͖
ϮϬϬϭʹŶĂĚĂů͗<tW/ŶǁĞƐƚLJĐũĞ^Ɖ͘nj͘Ž͘Ž͘njƐŝĞĚnjŝďČǁtĂƌƐnjĂǁŝĞʹnjųŽŶĞŬĂƌnjČĚƵ
ϭϵϵϲ ʹ ŶĂĚĂů͗ ǁųĂƐŶĂ ĚnjŝĂųĂůŶŽƑđ ŐŽƐƉŽĚĂƌĐnjĂ ƉŽĚ ŶĂnjǁČ ƵƐŝŶĞƐƐ ŽŶƐƵůƚŝŶŐ <ƌnjLJƐnjƚŽĨ WŝǁŽŷƐŬŝ͕
ƉŽĐnjČƚŬŽǁŽƉƌŽǁĂĚnjŽŶĂǁnjĂŬƌĞƐŝĞƵƐųƵŐŵĂƌŬĞƚŝŶŐŽǁLJĐŚ͖ŽĚϭϵϵϴƌ͘ǁLJŬŽƌnjLJƐƚLJǁĂŶĂŐųſǁŶŝĞŶĂ
ƉŽƚƌnjĞďLJŬŽŶƚƌĂŬƚſǁŵĂŶĂŐĞƌƐŬŝĐŚ͘
ŐŽĚŶŝĞ njĞ njųŽǏŽŶLJŵ ŽƑǁŝĂĚĐnjĞŶŝĞŵ͕ WĂŶ <ƌnjLJƐnjƚŽĨ WŝǁŽŷƐŬŝ ŶŝĞ ƉƌŽǁĂĚnjŝ ĚnjŝĂųĂůŶŽƑĐŝ
ŬŽŶŬƵƌĞŶĐLJũŶĞũǁŽďĞĐ^ƉſųŬŝ͕ŶŝĞƵĐnjĞƐƚŶŝĐnjLJǁƐƉſųĐĞŬŽŶŬƵƌĞŶĐLJũŶĞũũĂŬŽǁƐƉſůŶŝŬƐƉſųŬŝĐLJǁŝůŶĞũ͕
ƐƉſųŬŝ ŽƐŽďŽǁĞũ ůƵď ũĂŬŽ ĐnjųŽŶĞŬ ŽƌŐĂŶƵ ƐƉſųŬŝ ŬĂƉŝƚĂųŽǁĞũ ďČĚǍ ǁ ŝŶŶĞũ ŬŽŶŬƵƌĞŶĐLJũŶĞũ ŽƐŽďŝĞ
ƉƌĂǁŶĞũũĂŬŽĐnjųŽŶĞŬũĞũŽƌŐĂŶƵŽƌĂnjŶŝĞĨŝŐƵƌƵũĞǁZĞũĞƐƚƌnjĞųƵǏŶŝŬſǁEŝĞǁLJƉųĂĐĂůŶLJĐŚ͘
tŽũĐŝĞĐŚŶĚƌnjĞũĞǁƐŬŝ
hƌŽĚnjŽŶLJ͗ϮϴĐnjĞƌǁĐĂϭϵϳϳƌ͘
tƐƉſųƚǁſƌĐĂ ƉŽůƐŬŝĞŐŽ ƌLJŶŬƵ ŽďƌŽƚƵ ǁŝĞƌnjLJƚĞůŶŽƑĐŝĂŵŝ ŬŽŶƐƵŵĞŶĐŬŝŵŝ͘ ^ƉĞĐũĂůŝƐƚĂ ǁ njĂŬƌĞƐŝĞ
ĨŽƌŵƵųŽǁĂŶŝĂ ŝ ǁĚƌĂǏĂŶŝĂ ƐƚƌĂƚĞŐŝŝ͕ njĂƌnjČĚnjĂŶŝĂ njĂƐŽďĂŵŝ ůƵĚnjŬŝŵŝ͕ ƌĞůĂĐũŝ ŝŶǁĞƐƚŽƌƐŬŝĐŚ͕ ƉƵďůŝĐ
ƌĞůĂƚŝŽŶƐŝŵĂƌŬĞƚŝŶŐƵ͘
tLJŬƐnjƚĂųĐĞŶŝĞ͗ ǁLJǏƐnjĞ ʹ ǁ ϮϬϬϬ ƌ͘ ƵŬŽŷĐnjLJų ŬĂĚĞŵŝħ ŬŽŶŽŵŝĐnjŶČ ǁ WŽnjŶĂŶŝƵ ;ŽďĞĐŶŝĞ
hŶŝǁĞƌƐLJƚĞƚ ŬŽŶŽŵŝĐnjŶLJͿ nj ƚLJƚƵųĞŵ ŵĂŐŝƐƚƌĂ ĞŬŽŶŽŵŝŝ͘ t ϮϬϬϲ ƌ͘ ƵŬŽŷĐnjLJų D džĞĐƵƚŝǀĞ ǁ
'ĚĂŷƐŬŝĞũ &ƵŶĚĂĐũŝ <ƐnjƚĂųĐĞŶŝĂ DĞŶĞĚǏĞƌſǁ ͬ ƌĂƐŵƵƐ hŶŝǀĞƌƐŝƚLJ ʹ ZŽƚƚĞƌĚĂŵ ^ĐŚŽŽů ŽĨ
DĂŶĂŐĞŵĞŶƚ͘
WƌnjĞďŝĞŐŬĂƌŝĞƌLJnjĂǁŽĚŽǁĞũ͗
ϮϬϭϯʹŶĂĚĂů͗ĞďĞƚWĂƌƚŶĞƌ^Ɖ͘nj͘Ž͘Ž͘njƐŝĞĚnjŝďČǁtĂƌƐnjĂǁŝĞʹnjųŽŶĞŬĂƌnjČĚƵ͖
ϮϬϭϭʹŶĂĚĂů͗ŶƉŝƌĞ/ŶǀĞƐƚŵĞŶƚƐ^Ɖ͘njŽ͘Ž͘njƐŝĞĚnjŝďČǁWŝůĞʹWƌĞnjĞƐĂƌnjČĚƵ͖
ϮϬϬϵ ʹ ŶĂĚĂů͗ ŶĚƌnjĞũĞǁƐŬŝ /ŶǀĞƐƚŵĞŶƚƐ >ŝŵŝƚĞĚ nj ƐŝĞĚnjŝďČ ǁ EŝŬŽnjũŝ ;ZĞƉƵďůŝŬĂ LJƉƌƵͿ ʹ njųŽŶĞŬ
ĂƌnjČĚƵ͖
ϮϬϬϲʹŶĂĚĂů͗WƌĞƐĐŽ/ŶǀĞƐƚŵĞŶƚƐ^͘Ăƌ͘ů͘njƐŝĞĚnjŝďČǁ>ƵŬƐĞŵďƵƌŐƵʹnjųŽŶĞŬĂƌnjČĚƵ͖
ϮϬϬϳʹŶĂĚĂů͗W͘Z͘͘^͘͘K͘'ZKhW^͘͘ʹĐnjųŽŶĞŬĂƌnjČĚƵ͕ŽĚϮϬϬϴtŝĐĞƉƌĞnjĞƐĂƌnjČĚƵ͖
ϮϬϬϭʹŶĂĚĂů͗<Wt/ŶǁĞƐƚLJĐũĞ^Ɖ͘njŽ͘Ž͘njƐŝĞĚnjŝďČǁtĂƌƐnjĂǁŝĞʹWƌĞnjĞƐĂƌnjČĚƵ͖
ϭϵϵϲ ʹ ŶĂĚĂů͗ ǁųĂƐŶĂ ĚnjŝĂųĂůŶŽƑđ ŐŽƐƉŽĚĂƌĐnjĂ ƉŽĚ ŶĂnjǁČ ƵƐŝŶĞƐƐ ŽŶƐƵůƚŝŶŐ Θ ĞǀĞůŽƉŵĞŶƚ
tŽũĐŝĞĐŚ ŶĚƌnjĞũĞǁƐŬŝ͕ ƉŽĐnjČƚŬŽǁŽ ƉƌŽǁĂĚnjŽŶĂ ǁ njĂŬƌĞƐŝĞ ƵƐųƵŐ ŵĂƌŬĞƚŝŶŐŽǁLJĐŚ͖ ŽĚ ϭϵϵϴ ƌ͘
ǁLJŬŽƌnjLJƐƚLJǁĂŶĂŐųſǁŶŝĞŶĂƉŽƚƌnjĞďLJŬŽŶƚƌĂŬƚſǁŵĂŶĂŐĞƌƐŬŝĐŚ͘
ŐŽĚŶŝĞ njĞ njųŽǏŽŶLJŵ ŽƑǁŝĂĚĐnjĞŶŝĞŵ͕ WĂŶ tŽũĐŝĞĐŚ ŶĚƌnjĞũĞǁƐŬŝ ŶŝĞ ƉƌŽǁĂĚnjŝ ĚnjŝĂųĂůŶŽƑĐŝ
ŬŽŶŬƵƌĞŶĐLJũŶĞũǁŽďĞĐ^ƉſųŬŝ͕ŶŝĞƵĐnjĞƐƚŶŝĐnjLJǁƐƉſųĐĞŬŽŶŬƵƌĞŶĐLJũŶĞũũĂŬŽǁƐƉſůŶŝŬƐƉſųŬŝĐLJǁŝůŶĞũ͕
ƐƉſųŬŝ ŽƐŽďŽǁĞũ ůƵď ũĂŬŽ ĐnjųŽŶĞŬ ŽƌŐĂŶƵ ƐƉſųŬŝ ŬĂƉŝƚĂųŽǁĞũ ďČĚǍ ǁ ŝŶŶĞũ ŬŽŶŬƵƌĞŶĐLJũŶĞũ ŽƐŽďŝĞ
ƉƌĂǁŶĞũũĂŬŽĐnjųŽŶĞŬũĞũŽƌŐĂŶƵŽƌĂnjŶŝĞĨŝŐƵƌƵũĞǁZĞũĞƐƚƌnjĞųƵǏŶŝŬſǁEŝĞǁLJƉųĂĐĂůŶLJĐŚ͘
WĂǁĞų^njĞũŬŽ
hƌŽĚnjŽŶLJ͗ϭŵĂũĂϭϵϳϵƌ͘
WĂǁĞų^njĞũŬŽũĞƐƚnjnjĂǁŽĚƵďŝĞŐųLJŵƌĞǁŝĚĞŶƚĞŵǁƉŝƐĂŶLJŵĚŽƌĞũĞƐƚƌƵďŝĞŐųLJĐŚƌĞǁŝĚĞŶƚſǁƉŽĚŶƌ
ĞǁŝĚĞŶĐLJũŶLJŵ ϭϭϯϵϵ͘ WŽƐŝĂĚĂ ƌſǁŶŝĞǏ ĚLJƉůŽŵ nj ŵŝħĚnjLJŶĂƌŽĚŽǁĞũ ƐƉƌĂǁŽnjĚĂǁĐnjŽƑĐŝ
ĨŝŶĂŶƐŽǁĞũ͘
WŽĚĐnjĂƐ
ǁŝĞůŽůĞƚŶŝĞũ
ƉƌĂĐLJ
ǁ
ŵŝħĚnjLJŶĂƌŽĚŽǁLJĐŚ
ĨŝƌŵĂĐŚ
ĂƵĚLJƚŽƌƐŬŝĐŚ
;WƌŝĐĞǁĂƚĞƌŚŽƵƐĞŽŽƉĞƌƐ ŽƌĂnj KͿ njĚŽďLJų ďŽŐĂƚĞ ĚŽƑǁŝĂĚĐnjĞŶŝĞ njĂǁŽĚŽǁĞ͕ ŵŝħĚnjLJ ŝŶŶLJŵŝ
ďĂĚĂũČĐƉŽĚŵŝŽƚLJŐŽƐƉŽĚĂƌĐnjĞnjďƌĂŶǏLJƵƐųƵŐŽǁĞũŝƉƌŽĚƵŬĐLJũŶĞũ͕ũĂŬŝŝŶƐƚLJƚƵĐũĞĨŝŶĂŶƐŽǁĞ͕ǁƚLJŵ
ďĂŶŬŝŝĨƵŶĚƵƐnjĞŝŶǁĞƐƚLJĐLJũŶĞ͘KĚϮϬϬϴƌŽŬƵnjǁŝČnjĂŶLJnjW͘Z͘͘^͘͘K͘
tLJŬƐnjƚĂųĐĞŶŝĞ͗ǁLJǏƐnjĞ͘:ĞƐƚĂďƐŽůǁĞŶƚĞŵŬĂĚĞŵŝŝŬŽŶŽŵŝĐnjŶĞũǁWŽnjŶĂŶŝƵ;ŽďĞĐŶŝĞhŶŝǁĞƌƐLJƚĞƚ
ŬŽŶŽŵŝĐnjŶLJ ǁ WŽnjŶĂŶŝƵͿ ŽƌĂnj tLJǏƐnjĞũ ^njŬŽųLJ ĂŶŬŽǁĞũ ǁ WŽnjŶĂŶŝƵ͘ ^ƚƵĚŝŽǁĂų ƚĂŬǏĞ ŶĂ
hŶŝǁĞƌƐLJƚĞĐŝĞĂƌŚƵƐǁĂŶŝŝ͘
WƌnjĞďŝĞŐŬĂƌŝĞƌLJnjĂǁŽĚŽǁĞũ͗
ϮϬϭϬʹŶĂĚĂů͗W͘Z͘͘^͘͘K͘'ZKhW^͘͘ʹLJƌĞŬƚŽƌ&ŝŶĂŶƐŽǁLJ͕njųŽŶĞŬĂƌnjČĚƵ;ŽĚŵĂƌĐĂϮϬϭϭƌŽŬƵͿ
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ϮϬϬϴʹϮϬϭϬ͗ͣW͘Z͘͘^͘͘K͘͟^Ɖ͘njŽ͘Ž͘ʹLJƌĞŬƚŽƌ&ŝŶĂŶƐŽǁLJ
ϮϬϬϳʹϮϬϬϴ͗WƌŝĐĞǁĂƚĞƌŚŽƵƐĞŽŽƉĞƌƐ^Ɖ͘njŽ͘Ž͘ʹ^ƚĂƌƐnjLJ<ŽŶƐƵůƚĂŶƚ
ϮϬϬϯʹϮϬϬϲ͗KWŽůƐŬĂ^Ɖ͘njŽ͘Ž͘ʹ^ƵƉĞƌǀŝƐŽƌ
ŐŽĚŶŝĞ njĞ njųŽǏŽŶLJŵ ŽƑǁŝĂĚĐnjĞŶŝĞŵ͕ WĂŶ WĂǁĞų ^njĞũŬŽ ŶŝĞ ƉƌŽǁĂĚnjŝ ĚnjŝĂųĂůŶŽƑĐŝ ŬŽŶŬƵƌĞŶĐLJũŶĞũ
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