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1 J 1 j 3 M 119.5 438.08671875 m 406.55078125 438.08671875 l s q 0 0 1 rg BT 119.50 439.15 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 1 rg BT 236.14 439.15 Td (Accountants on ) Tj ET Q q 0 0 1 rg BT 287.69 439.15 Td (Accounting and Financial Disclosure) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 77.5 425.08671875 m 103.716796875 425.08671875 l s q 0 0 1 rg BT 77.50 426.15 Td (Item 9A) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 119.5 425.08671875 m 198.15234375 425.08671875 l s q 0 0 1 rg BT 119.50 426.15 Td (Controls and Procedures) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 77.5 412.08671875 m 103.49609375 412.08671875 l s q 0 0 1 rg BT 77.50 413.15 Td (Item 9B) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 119.5 412.08671875 m 177.92578125 412.08671875 l s q 0 0 1 rg BT 119.50 413.15 Td (Other Information) Tj ET Q BT /F1 8.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 52.50 387.13 Td (P) Tj ET Q q 0 0 0 rg BT 57.09 387.13 Td (AR) Tj ET Q q 0 0 0 rg BT 68.21 387.13 Td (T) Tj ET Q q 0 0 0 rg BT 73.33 387.13 Td ( III) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 77.5 373.08671875 m 102.16015625 373.08671875 l s q 0 0 1 rg BT 77.50 374.15 Td (Item 10) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 119.5 373.08671875 m 301.49609375 373.08671875 l s q 0 0 1 rg BT 119.50 374.15 Td (Directors, Executive Of) Tj ET Q q 0 0 1 rg BT 195.55 374.15 Td (ficers and Corporate Governance) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 77.5 360.08671875 m 101.86328125 360.08671875 l s q 0 0 1 rg BT 77.50 361.15 Td (Item 1) Tj ET Q q 0 0 1 rg BT 97.86 361.15 Td (1) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 119.5 360.08671875 m 199.703125 360.08671875 l s q 0 0 1 rg BT 119.50 361.15 Td (Executive Compensation) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 77.5 347.08671875 m 102.16015625 347.08671875 l s q 0 0 1 rg BT 77.50 348.15 Td (Item 12) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 119.5 347.08671875 m 443.625 347.08671875 l s q 0 0 1 rg BT 119.50 348.15 Td (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 77.5 334.08671875 m 102.16015625 334.08671875 l s q 0 0 1 rg BT 77.50 335.15 Td (Item 13) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 119.5 334.08671875 m 361.65625 334.08671875 l s q 0 0 1 rg BT 119.50 335.15 Td (Certain Relationships and Related ) Tj ET Q q 0 0 1 rg BT 230.44 335.15 Td (T) Tj ET Q q 0 0 1 rg BT 235.05 335.15 Td (ransactions, and Director Independence) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 77.5 321.08671875 m 102.16015625 321.08671875 l s q 0 0 1 rg BT 77.50 322.15 Td (Item 14) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 119.5 321.08671875 m 246.1328125 321.08671875 l s q 0 0 1 rg BT 119.50 322.15 Td (Principal ) Tj ET Q q 0 0 1 rg BT 149.94 322.15 Td (Accountant Fees and Services) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 296.13 Td (P) Tj ET Q q 0 0 0 rg BT 56.79 296.13 Td (AR) Tj ET Q q 0 0 0 rg BT 68.07 296.13 Td (T) Tj ET Q q 0 0 0 rg BT 73.26 296.13 Td ( IV) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 77.5 282.08671875 m 102.16015625 282.08671875 l s q 0 0 1 rg BT 77.50 283.15 Td (Item 15) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 119.5 282.08671875 m 256.8046875 282.08671875 l s q 0 0 1 rg BT 119.50 283.15 Td (Exhibits and Financial Statement Schedule) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 256.8046875 282.08671875 m 259.91796875 282.08671875 l s q 0 0 1 rg BT 256.80 283.15 Td (s) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 255.88007812499995 m 103.921875 255.88007812499995 l s q 0 0 1 rg BT 52.50 257.13 Td (SIGNA) Tj ET Q q 0 0 1 rg BT 77.25 257.13 Td (TURES) Tj ET Q BT /F2 8.00 Tf ET BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 539.5 607.08671875 m 543.5 607.08671875 l s q 0 0 1 rg BT 539.50 608.15 Td (2) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 539.5 594.08671875 m 543.5 594.08671875 l s q 0 0 1 rg BT 539.50 595.15 Td (7) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 581.08671875 m 545.5 581.08671875 l s q 0 0 1 rg BT 537.50 582.15 Td (12) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 568.08671875 m 545.5 568.08671875 l s q 0 0 1 rg BT 537.50 569.15 Td (12) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 555.08671875 m 545.5 555.08671875 l s q 0 0 1 rg BT 537.50 556.15 Td (13) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 542.08671875 m 545.5 542.08671875 l s q 0 0 1 rg BT 537.50 543.15 Td (13) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 503.08671875 m 545.5 503.08671875 l s q 0 0 1 rg BT 537.50 504.15 Td (14) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 490.08671875 m 545.5 490.08671875 l s q 0 0 1 rg BT 537.50 491.15 Td (15) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 477.08671875 m 545.5 477.08671875 l s q 0 0 1 rg BT 537.50 478.15 Td (16) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 464.08671875 m 545.5 464.08671875 l s q 0 0 1 rg BT 537.50 465.15 Td (38) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 451.08671875 m 545.5 451.08671875 l s q 0 0 1 rg BT 537.50 452.15 Td (39) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 438.08671875 m 545.5 438.08671875 l s q 0 0 1 rg BT 537.50 439.15 Td (73) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 425.08671875 m 545.5 425.08671875 l s q 0 0 1 rg BT 537.50 426.15 Td (73) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 412.08671875 m 545.5 412.08671875 l s q 0 0 1 rg BT 537.50 413.15 Td (75) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 373.08671875 m 545.5 373.08671875 l s q 0 0 1 rg BT 537.50 374.15 Td (75) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 360.08671875 m 545.5 360.08671875 l s q 0 0 1 rg BT 537.50 361.15 Td (75) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 347.08671875 m 545.5 347.08671875 l s q 0 0 1 rg BT 537.50 348.15 Td (75) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 334.08671875 m 545.5 334.08671875 l s q 0 0 1 rg BT 537.50 335.15 Td (75) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 321.08671875 m 545.5 321.08671875 l s q 0 0 1 rg BT 537.50 322.15 Td (75) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 282.08671875 m 545.5 282.08671875 l s q 0 0 1 rg BT 537.50 283.15 Td (76) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 537.5 256.08671875000005 m 545.5 256.08671875000005 l s q 0 0 1 rg BT 537.50 257.15 Td (83) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 9 0 obj <>] /Rotate 0 /Contents 10 0 R>> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (1) Tj ET Q /GS0 gs q 141.00 0 0 77.00 49.50 652.00 cm /I20 Do Q BT /F1 8.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 630.40 Td (I. ) Tj ET Q q 0 0 0 rg BT 94.50 630.40 Td (Forward-looking Statements) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 614.80 Td (This ) Tj ET Q q 0 0 0 rg BT 65.30 614.80 Td (r) Tj ET Q q 0 0 0 rg BT 68.12 614.80 Td (eport ) Tj ET Q q 0 0 0 rg BT 87.02 614.80 Td (contains ) Tj ET Q q 0 0 0 rg BT 116.14 614.80 Td (forwar) Tj ET Q q 0 0 0 rg BT 137.63 614.80 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 170.30 614.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 206.09 614.80 Td (within ) Tj ET Q q 0 0 0 rg BT 228.11 614.80 Td (the ) Tj ET Q q 0 0 0 rg BT 239.89 614.80 Td (meaning ) Tj ET Q q 0 0 0 rg BT 269.46 614.80 Td (of ) Tj ET Q q 0 0 0 rg BT 277.69 614.80 Td (Section ) Tj ET Q q 0 0 0 rg BT 303.25 614.80 Td (27A) Tj ET Q q 0 0 0 rg BT 316.00 614.80 Td ( ) Tj ET Q q 0 0 0 rg BT 318.01 614.80 Td (of ) Tj ET Q q 0 0 0 rg BT 326.25 614.80 Td (the ) Tj ET Q q 0 0 0 rg BT 338.03 614.80 Td (Securities ) Tj ET Q q 0 0 0 rg BT 371.45 614.80 Td (Act ) Tj ET Q q 0 0 0 rg BT 384.12 614.80 Td (of ) Tj ET Q q 0 0 0 rg BT 392.36 614.80 Td (1933 ) Tj ET Q q 0 0 0 rg BT 410.37 614.80 Td (and ) Tj ET Q q 0 0 0 rg BT 424.39 614.80 Td (Section ) Tj ET Q q 0 0 0 rg BT 449.95 614.80 Td (22E ) Tj ET Q q 0 0 0 rg BT 464.85 614.80 Td (of ) Tj ET Q q 0 0 0 rg BT 473.08 614.80 Td (the ) Tj ET Q q 0 0 0 rg BT 484.87 614.80 Td (Securities ) Tj ET Q q 0 0 0 rg BT 518.43 614.80 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 551.84 614.80 Td (Act ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 57.27 605.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 74.82 605.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 88.81 605.25 Td ("Exchange ) Tj ET Q q 0 0 0 rg BT 125.15 605.25 Td (Act"\), ) Tj ET Q q 0 0 0 rg BT 145.38 605.25 Td (including ) Tj ET Q q 0 0 0 rg BT 177.15 605.25 Td (those ) Tj ET Q q 0 0 0 rg BT 195.59 605.25 Td (r) Tj ET Q q 0 0 0 rg BT 198.41 605.25 Td (elating ) Tj ET Q q 0 0 0 rg BT 222.18 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 229.95 605.25 Td (our ) Tj ET Q q 0 0 0 rg BT 242.61 605.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 266.38 605.25 Td (needs, ) Tj ET Q q 0 0 0 rg BT 288.15 605.25 Td (business ) Tj ET Q q 0 0 0 rg BT 316.81 605.25 Td (strategy) Tj ET Q q 0 0 0 rg BT 342.15 605.25 Td (, ) Tj ET Q q 0 0 0 rg BT 345.70 605.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 387.23 605.25 Td (and ) Tj ET Q q 0 0 0 rg BT 400.78 605.25 Td (intentions. ) Tj ET Q q 0 0 0 rg BT 435.89 605.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 472.10 605.25 Td (that ) Tj ET Q q 0 0 0 rg BT 486.09 605.25 Td (use ) Tj ET Q q 0 0 0 rg BT 498.31 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.63 605.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 528.96 605.25 Td (believe, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 595.65 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 95.13 595.65 Td (tr) Tj ET Q q 0 0 0 rg BT 104.62 595.65 Td (end, ) Tj ET Q q 0 0 0 rg BT 125.35 595.65 Td (expect, ) Tj ET Q q 0 0 0 rg BT 159.42 595.65 Td (plan, ) Tj ET Q q 0 0 0 rg BT 187.27 595.65 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 227.57 595.65 Td (for) Tj ET Q q 0 0 0 rg BT 241.06 595.65 Td (ecast, ) Tj ET Q q 0 0 0 rg BT 266.68 595.65 Td (should, ) Tj ET Q q 0 0 0 rg BT 301.65 595.65 Td (intend ) Tj ET Q q 0 0 0 rg BT 333.29 595.65 Td (and ) Tj ET Q q 0 0 0 rg BT 348.02 595.65 Td (similar ) Tj ET Q q 0 0 0 rg BT 373.43 595.65 Td (expr) Tj ET Q q 0 0 0 rg BT 387.35 595.65 Td (essions ) Tj ET Q q 0 0 0 rg BT 413.20 595.65 Td (of ) Tj ET Q q 0 0 0 rg BT 422.16 595.65 Td (a ) Tj ET Q q 0 0 0 rg BT 428.90 595.65 Td (futur) Tj ET Q q 0 0 0 rg BT 444.16 595.65 Td (e ) Tj ET Q q 0 0 0 rg BT 450.45 595.65 Td (or ) Tj ET Q q 0 0 0 rg BT 460.30 595.65 Td (forwar) Tj ET Q q 0 0 0 rg BT 481.79 595.65 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 515.18 595.65 Td (natur) Tj ET Q q 0 0 0 rg BT 532.22 595.65 Td (e ) Tj ET Q q 0 0 0 rg BT 538.51 595.65 Td (identify ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 586.05 Td (forwar) Tj ET Q q 0 0 0 rg BT 70.99 586.05 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 102.90 586.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 137.93 586.05 Td (for ) Tj ET Q q 0 0 0 rg BT 148.52 586.05 Td (purposes ) Tj ET Q q 0 0 0 rg BT 178.66 586.05 Td (of ) Tj ET Q q 0 0 0 rg BT 186.14 586.05 Td (the ) Tj ET Q q 0 0 0 rg BT 197.16 586.05 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 212.19 586.05 Td (federal ) Tj ET Q q 0 0 0 rg BT 236.11 586.05 Td (securities ) Tj ET Q q 0 0 0 rg BT 268.02 586.05 Td (laws ) Tj ET Q q 0 0 0 rg BT 283.94 586.05 Td (or ) Tj ET Q q 0 0 0 rg BT 292.31 586.05 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 326.67 586.05 Td (In ) Tj ET Q q 0 0 0 rg BT 334.59 586.05 Td (particular) Tj ET Q q 0 0 0 rg BT 366.15 586.05 Td (, ) Tj ET Q q 0 0 0 rg BT 369.40 586.05 Td (information ) Tj ET Q q 0 0 0 rg BT 408.43 586.05 Td (appearing ) Tj ET Q q 0 0 0 rg BT 442.57 586.05 Td (under ) Tj ET Q q 0 0 0 rg BT 462.49 586.05 Td (the ) Tj ET Q q 0 0 0 rg BT 473.52 586.05 Td (sections ) Tj ET Q q 0 0 0 rg BT 500.54 586.05 Td (entitled ) Tj ET Q q 0 0 0 rg BT 525.79 586.05 Td ("Business," ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 576.45 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 68.78 576.45 Td (Factors" ) Tj ET Q q 0 0 0 rg BT 99.16 576.45 Td (and ) Tj ET Q q 0 0 0 rg BT 113.31 576.45 Td ("Management's ) Tj ET Q q 0 0 0 rg BT 165.40 576.45 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 202.65 576.45 Td (and ) Tj ET Q q 0 0 0 rg BT 216.64 576.45 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 245.89 576.45 Td (of ) Tj ET Q q 0 0 0 rg BT 254.26 576.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 287.51 576.45 Td (Condition ) Tj ET Q q 0 0 0 rg BT 321.65 576.45 Td (and ) Tj ET Q q 0 0 0 rg BT 335.80 576.45 Td (Results ) Tj ET Q q 0 0 0 rg BT 361.05 576.45 Td (of ) Tj ET Q q 0 0 0 rg BT 369.41 576.45 Td (Operations" ) Tj ET Q q 0 0 0 rg BT 410.92 576.45 Td (includes ) Tj ET Q q 0 0 0 rg BT 439.72 576.45 Td (forwar) Tj ET Q q 0 0 0 rg BT 461.21 576.45 Td (d ) Tj ET Q q 0 0 0 rg BT 467.35 576.45 Td (looking-statements. ) Tj ET Q q 0 0 0 rg BT 531.93 576.45 Td (For ) Tj ET Q q 0 0 0 rg BT 546.07 576.45 Td (these ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 566.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 84.99 566.85 Td (and ) Tj ET Q q 0 0 0 rg BT 98.70 566.85 Td (all ) Tj ET Q q 0 0 0 rg BT 108.85 566.85 Td (other ) Tj ET Q q 0 0 0 rg BT 127.45 566.85 Td (forwar) Tj ET Q q 0 0 0 rg BT 148.94 566.85 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 181.31 566.85 Td (statements, ) Tj ET Q q 0 0 0 rg BT 218.80 566.85 Td (we ) Tj ET Q q 0 0 0 rg BT 229.40 566.85 Td (claim ) Tj ET Q q 0 0 0 rg BT 248.88 566.85 Td (the ) Tj ET Q q 0 0 0 rg BT 260.37 566.85 Td (pr) Tj ET Q q 0 0 0 rg BT 267.18 566.85 Td (otection ) Tj ET Q q 0 0 0 rg BT 294.67 566.85 Td (of ) Tj ET Q q 0 0 0 rg BT 302.60 566.85 Td (the ) Tj ET Q q 0 0 0 rg BT 314.09 566.85 Td (safe ) Tj ET Q q 0 0 0 rg BT 328.68 566.85 Td (harbor ) Tj ET Q q 0 0 0 rg BT 352.62 566.85 Td (for ) Tj ET Q q 0 0 0 rg BT 363.67 566.85 Td (forwar) Tj ET Q q 0 0 0 rg BT 385.16 566.85 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 417.53 566.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 453.02 566.85 Td (contained ) Tj ET Q q 0 0 0 rg BT 486.28 566.85 Td (in ) Tj ET Q q 0 0 0 rg BT 494.21 566.85 Td (the ) Tj ET Q q 0 0 0 rg BT 505.70 566.85 Td (Private ) Tj ET Q q 0 0 0 rg BT 530.95 566.85 Td (Securities ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 83.06 557.25 Td (Reform ) Tj ET Q q 0 0 0 rg BT 108.47 557.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 121.13 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.35 557.25 Td (1995.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (Forwar) Tj ET Q q 0 0 0 rg BT 73.65 541.65 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 105.75 541.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 140.95 541.65 Td (ar) Tj ET Q q 0 0 0 rg BT 147.77 541.65 Td (e ) Tj ET Q q 0 0 0 rg BT 152.75 541.65 Td (inher) Tj ET Q q 0 0 0 rg BT 169.34 541.65 Td (ently ) Tj ET Q q 0 0 0 rg BT 186.32 541.65 Td (subject ) Tj ET Q q 0 0 0 rg BT 210.42 541.65 Td (to ) Tj ET Q q 0 0 0 rg BT 218.07 541.65 Td (risks ) Tj ET Q q 0 0 0 rg BT 234.62 541.65 Td (and ) Tj ET Q q 0 0 0 rg BT 248.05 541.65 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 293.26 541.65 Td (many ) Tj ET Q q 0 0 0 rg BT 312.02 541.65 Td (of ) Tj ET Q q 0 0 0 rg BT 319.68 541.65 Td (which ) Tj ET Q q 0 0 0 rg BT 340.22 541.65 Td (cannot ) Tj ET Q q 0 0 0 rg BT 363.43 541.65 Td (be ) Tj ET Q q 0 0 0 rg BT 372.41 541.65 Td (pr) Tj ET Q q 0 0 0 rg BT 379.23 541.65 Td (edicted ) Tj ET Q q 0 0 0 rg BT 403.76 541.65 Td (with ) Tj ET Q q 0 0 0 rg BT 418.97 541.65 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 449.72 541.65 Td (or ) Tj ET Q q 0 0 0 rg BT 458.27 541.65 Td (ar) Tj ET Q q 0 0 0 rg BT 465.09 541.65 Td (e ) Tj ET Q q 0 0 0 rg BT 470.07 541.65 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 502.61 541.65 Td (beyond ) Tj ET Q q 0 0 0 rg BT 527.15 541.65 Td (our ) Tj ET Q q 0 0 0 rg BT 539.70 541.65 Td (contr) Tj ET Q q 0 0 0 rg BT 556.29 541.65 Td (ol ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 532.05 Td (and ) Tj ET Q q 0 0 0 rg BT 63.45 532.05 Td (some ) Tj ET Q q 0 0 0 rg BT 81.84 532.05 Td (of ) Tj ET Q q 0 0 0 rg BT 90.01 532.05 Td (which ) Tj ET Q q 0 0 0 rg BT 111.06 532.05 Td (might ) Tj ET Q q 0 0 0 rg BT 131.23 532.05 Td (not ) Tj ET Q q 0 0 0 rg BT 143.40 532.05 Td (even ) Tj ET Q q 0 0 0 rg BT 160.00 532.05 Td (be ) Tj ET Q q 0 0 0 rg BT 169.50 532.05 Td (anticipated.Forwar) Tj ET Q q 0 0 0 rg BT 233.64 532.05 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 266.25 532.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 301.97 532.05 Td (r) Tj ET Q q 0 0 0 rg BT 304.79 532.05 Td (eflect ) Tj ET Q q 0 0 0 rg BT 324.06 532.05 Td (our ) Tj ET Q q 0 0 0 rg BT 337.12 532.05 Td (curr) Tj ET Q q 0 0 0 rg BT 350.60 532.05 Td (ent ) Tj ET Q q 0 0 0 rg BT 362.32 532.05 Td (views ) Tj ET Q q 0 0 0 rg BT 382.04 532.05 Td (with ) Tj ET Q q 0 0 0 rg BT 397.77 532.05 Td (r) Tj ET Q q 0 0 0 rg BT 400.58 532.05 Td (espect ) Tj ET Q q 0 0 0 rg BT 422.52 532.05 Td (to ) Tj ET Q q 0 0 0 rg BT 430.69 532.05 Td (futur) Tj ET Q q 0 0 0 rg BT 445.95 532.05 Td (e ) Tj ET Q q 0 0 0 rg BT 451.45 532.05 Td (events ) Tj ET Q q 0 0 0 rg BT 473.38 532.05 Td (and ) Tj ET Q q 0 0 0 rg BT 487.33 532.05 Td (because ) Tj ET Q q 0 0 0 rg BT 515.04 532.05 Td (our ) Tj ET Q q 0 0 0 rg BT 528.11 532.05 Td (business ) Tj ET Q q 0 0 0 rg BT 557.17 532.05 Td (is ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 522.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 74.12 522.45 Td (to ) Tj ET Q q 0 0 0 rg BT 82.30 522.45 Td (such ) Tj ET Q q 0 0 0 rg BT 98.92 522.45 Td (risks ) Tj ET Q q 0 0 0 rg BT 115.99 522.45 Td (and ) Tj ET Q q 0 0 0 rg BT 129.95 522.45 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 175.68 522.45 Td (actual ) Tj ET Q q 0 0 0 rg BT 197.63 522.45 Td (r) Tj ET Q q 0 0 0 rg BT 200.45 522.45 Td (esults, ) Tj ET Q q 0 0 0 rg BT 222.63 522.45 Td (our ) Tj ET Q q 0 0 0 rg BT 235.70 522.45 Td (strategic ) Tj ET Q q 0 0 0 rg BT 265.65 522.45 Td (plan, ) Tj ET Q q 0 0 0 rg BT 283.83 522.45 Td (our ) Tj ET Q q 0 0 0 rg BT 296.91 522.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 327.31 522.45 Td (position, ) Tj ET Q q 0 0 0 rg BT 357.04 522.45 Td (r) Tj ET Q q 0 0 0 rg BT 359.86 522.45 Td (esults ) Tj ET Q q 0 0 0 rg BT 380.04 522.45 Td (of ) Tj ET Q q 0 0 0 rg BT 388.22 522.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 424.40 522.45 Td (and ) Tj ET Q q 0 0 0 rg BT 438.36 522.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 454.98 522.45 Td (flows ) Tj ET Q q 0 0 0 rg BT 473.84 522.45 Td (could ) Tj ET Q q 0 0 0 rg BT 493.57 522.45 Td (differ ) Tj ET Q q 0 0 0 rg BT 512.86 522.45 Td (materially ) Tj ET Q q 0 0 0 rg BT 547.70 522.45 Td (fr) Tj ET Q q 0 0 0 rg BT 552.74 522.45 Td (om ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 512.85 Td (those ) Tj ET Q q 0 0 0 rg BT 68.39 512.85 Td (described ) Tj ET Q q 0 0 0 rg BT 101.49 512.85 Td (in ) Tj ET Q q 0 0 0 rg BT 109.71 512.85 Td (or ) Tj ET Q q 0 0 0 rg BT 118.82 512.85 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 163.92 512.85 Td (by ) Tj ET Q q 0 0 0 rg BT 173.47 512.85 Td (the ) Tj ET Q q 0 0 0 rg BT 185.25 512.85 Td (forwar) Tj ET Q q 0 0 0 rg BT 206.73 512.85 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 239.39 512.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 275.17 512.85 Td (contained ) Tj ET Q q 0 0 0 rg BT 308.71 512.85 Td (in ) Tj ET Q q 0 0 0 rg BT 316.94 512.85 Td (this ) Tj ET Q q 0 0 0 rg BT 330.50 512.85 Td (r) Tj ET Q q 0 0 0 rg BT 333.31 512.85 Td (eport.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (Important ) Tj ET Q q 0 0 0 rg BT 83.66 497.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 108.05 497.25 Td (that ) Tj ET Q q 0 0 0 rg BT 122.66 497.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 157.71 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.09 497.25 Td (such ) Tj ET Q q 0 0 0 rg BT 182.92 497.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 200.20 497.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 227.91 497.25 Td (but ) Tj ET Q q 0 0 0 rg BT 240.30 497.25 Td (ar) Tj ET Q q 0 0 0 rg BT 247.11 497.25 Td (e ) Tj ET Q q 0 0 0 rg BT 252.83 497.25 Td (not ) Tj ET Q q 0 0 0 rg BT 265.21 497.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 289.60 497.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 299.98 497.25 Td (those ) Tj ET Q q 0 0 0 rg BT 319.04 497.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 343.42 497.25 Td (set ) Tj ET Q q 0 0 0 rg BT 354.47 497.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 372.20 497.25 Td (under ) Tj ET Q q 0 0 0 rg BT 393.02 497.25 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 412.32 497.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 443.82 497.25 Td (as ) Tj ET Q q 0 0 0 rg BT 453.10 497.25 Td (well ) Tj ET Q q 0 0 0 rg BT 468.59 497.25 Td (as ) Tj ET Q q 0 0 0 rg BT 477.87 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.81 497.25 Td (following: ) Tj ET Q q 0 0 0 rg BT 524.86 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.80 497.25 Td (effect ) Tj ET Q q 0 0 0 rg BT 556.29 497.25 Td (of ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 487.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 78.00 487.60 Td (in ) Tj ET Q q 0 0 0 rg BT 86.50 487.60 Td (global ) Tj ET Q q 0 0 0 rg BT 109.23 487.60 Td (and ) Tj ET Q q 0 0 0 rg BT 123.51 487.60 Td (r) Tj ET Q q 0 0 0 rg BT 126.33 487.60 Td (egional ) Tj ET Q q 0 0 0 rg BT 152.61 487.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 185.54 487.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 221.16 487.60 Td (including ) Tj ET Q q 0 0 0 rg BT 253.66 487.60 Td (as ) Tj ET Q q 0 0 0 rg BT 263.05 487.60 Td (a ) Tj ET Q q 0 0 0 rg BT 269.33 487.60 Td ( ) Tj ET Q q 0 0 0 rg BT 271.62 487.60 Td (r) Tj ET Q q 0 0 0 rg BT 274.43 487.60 Td (esult ) Tj ET Q q 0 0 0 rg BT 291.82 487.60 Td (of ) Tj ET Q q 0 0 0 rg BT 300.33 487.60 Td (the ) Tj ET Q q 0 0 0 rg BT 312.38 487.60 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 352.88 487.60 Td (easing ) Tj ET Q q 0 0 0 rg BT 376.05 487.60 Td (pr) Tj ET Q q 0 0 0 rg BT 382.87 487.60 Td (ogram ) Tj ET Q q 0 0 0 rg BT 406.04 487.60 Td (implemented ) Tj ET Q q 0 0 0 rg BT 449.20 487.60 Td (by ) Tj ET Q q 0 0 0 rg BT 459.03 487.60 Td (the ) Tj ET Q q 0 0 0 rg BT 471.09 487.60 Td (Eur) Tj ET Q q 0 0 0 rg BT 482.79 487.60 Td (opean ) Tj ET Q q 0 0 0 rg BT 504.62 487.60 Td (Central ) Tj ET Q q 0 0 0 rg BT 531.35 487.60 Td (Bank; ) Tj ET Q q 0 0 0 rg BT 552.73 487.60 Td (the ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 478.05 Td (economic, ) Tj ET Q q 0 0 0 rg BT 83.63 478.05 Td (political ) Tj ET Q q 0 0 0 rg BT 111.78 478.05 Td (and ) Tj ET Q q 0 0 0 rg BT 125.26 478.05 Td (monetary ) Tj ET Q q 0 0 0 rg BT 156.96 478.05 Td (impacts ) Tj ET Q q 0 0 0 rg BT 183.33 478.05 Td (of ) Tj ET Q q 0 0 0 rg BT 191.03 478.05 Td (Br) Tj ET Q q 0 0 0 rg BT 198.73 478.05 Td (exit; ) Tj ET Q q 0 0 0 rg BT 214.42 478.05 Td (levels ) Tj ET Q q 0 0 0 rg BT 234.12 478.05 Td (of ) Tj ET Q q 0 0 0 rg BT 241.82 478.05 Td (television ) Tj ET Q q 0 0 0 rg BT 273.96 478.05 Td (advertising ) Tj ET Q q 0 0 0 rg BT 311.44 478.05 Td (spending ) Tj ET Q q 0 0 0 rg BT 341.80 478.05 Td (and ) Tj ET Q q 0 0 0 rg BT 355.29 478.05 Td (the ) Tj ET Q q 0 0 0 rg BT 366.54 478.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 380.91 478.05 Td (of ) Tj ET Q q 0 0 0 rg BT 388.61 478.05 Td (development ) Tj ET Q q 0 0 0 rg BT 430.52 478.05 Td (of ) Tj ET Q q 0 0 0 rg BT 438.22 478.05 Td (the ) Tj ET Q q 0 0 0 rg BT 449.48 478.05 Td (advertising ) Tj ET Q q 0 0 0 rg BT 486.96 478.05 Td (markets ) Tj ET Q q 0 0 0 rg BT 513.77 478.05 Td (in ) Tj ET Q q 0 0 0 rg BT 521.47 478.05 Td (the ) Tj ET Q q 0 0 0 rg BT 532.73 478.05 Td (countries ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 468.45 Td (in ) Tj ET Q q 0 0 0 rg BT 57.61 468.45 Td (which ) Tj ET Q q 0 0 0 rg BT 78.60 468.45 Td (we ) Tj ET Q q 0 0 0 rg BT 89.37 468.45 Td (operate; ) Tj ET Q q 0 0 0 rg BT 118.36 468.45 Td (our ) Tj ET Q q 0 0 0 rg BT 131.36 468.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 153.68 468.45 Td (to ) Tj ET Q q 0 0 0 rg BT 161.79 468.45 Td (r) Tj ET Q q 0 0 0 rg BT 164.61 468.45 Td (efinance ) Tj ET Q q 0 0 0 rg BT 193.59 468.45 Td (our ) Tj ET Q q 0 0 0 rg BT 206.59 468.45 Td (existing ) Tj ET Q q 0 0 0 rg BT 233.36 468.45 Td (indebtedness; ) Tj ET Q q 0 0 0 rg BT 279.23 468.45 Td (the ) Tj ET Q q 0 0 0 rg BT 290.89 468.45 Td (extent ) Tj ET Q q 0 0 0 rg BT 311.87 468.45 Td (to ) Tj ET Q q 0 0 0 rg BT 319.98 468.45 Td (which ) Tj ET Q q 0 0 0 rg BT 340.97 468.45 Td (our ) Tj ET Q q 0 0 0 rg BT 353.97 468.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 369.63 468.45 Td (service ) Tj ET Q q 0 0 0 rg BT 394.16 468.45 Td (obligations ) Tj ET Q q 0 0 0 rg BT 432.05 468.45 Td (and ) Tj ET Q q 0 0 0 rg BT 445.94 468.45 Td (covenants ) Tj ET Q q 0 0 0 rg BT 479.81 468.45 Td (may ) Tj ET Q q 0 0 0 rg BT 495.02 468.45 Td (r) Tj ET Q q 0 0 0 rg BT 497.84 468.45 Td (estrict ) Tj ET Q q 0 0 0 rg BT 519.72 468.45 Td (our ) Tj ET Q q 0 0 0 rg BT 532.72 468.45 Td (business; ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 458.85 Td (our ) Tj ET Q q 0 0 0 rg BT 62.85 458.85 Td (exposur) Tj ET Q q 0 0 0 rg BT 87.88 458.85 Td (e ) Tj ET Q q 0 0 0 rg BT 93.67 458.85 Td (to ) Tj ET Q q 0 0 0 rg BT 102.12 458.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 137.25 458.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 149.26 458.85 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 181.72 458.85 Td (as ) Tj ET Q q 0 0 0 rg BT 191.07 458.85 Td (well ) Tj ET Q q 0 0 0 rg BT 206.63 458.85 Td (as ) Tj ET Q q 0 0 0 rg BT 215.98 458.85 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 248.44 458.85 Td (r) Tj ET Q q 0 0 0 rg BT 251.26 458.85 Td (esulting ) Tj ET Q q 0 0 0 rg BT 278.82 458.85 Td (fr) Tj ET Q q 0 0 0 rg BT 283.86 458.85 Td (om ) Tj ET Q q 0 0 0 rg BT 295.88 458.85 Td (r) Tj ET Q q 0 0 0 rg BT 298.69 458.85 Td (egulatory ) Tj ET Q q 0 0 0 rg BT 331.59 458.85 Td (or ) Tj ET Q q 0 0 0 rg BT 340.94 458.85 Td (legal ) Tj ET Q q 0 0 0 rg BT 359.17 458.85 Td (pr) Tj ET Q q 0 0 0 rg BT 365.98 458.85 Td (oceedings ) Tj ET Q q 0 0 0 rg BT 400.21 458.85 Td (initiated ) Tj ET Q q 0 0 0 rg BT 429.11 458.85 Td (against ) Tj ET Q q 0 0 0 rg BT 454.90 458.85 Td (us; ) Tj ET Q q 0 0 0 rg BT 466.91 458.85 Td (our ) Tj ET Q q 0 0 0 rg BT 480.26 458.85 Td (success ) Tj ET Q q 0 0 0 rg BT 506.49 458.85 Td (in ) Tj ET Q q 0 0 0 rg BT 514.95 458.85 Td (continuing ) Tj ET Q q 0 0 0 rg BT 551.40 458.85 Td (our ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 449.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 83.75 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 92.67 449.25 Td (diversify ) Tj ET Q q 0 0 0 rg BT 122.91 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.61 449.25 Td (enhance ) Tj ET Q q 0 0 0 rg BT 166.95 449.25 Td (our 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q 0 0 0 rg BT 110.60 439.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 132.85 439.60 Td (to ) Tj ET Q q 0 0 0 rg BT 140.89 439.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 167.57 439.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.38 439.60 Td (acquir) Tj ET Q q 0 0 0 rg BT 201.97 439.60 Td (e ) Tj ET Q q 0 0 0 rg BT 207.33 439.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 240.68 439.60 Td (pr) Tj ET Q q 0 0 0 rg BT 247.50 439.60 Td (ogramming ) Tj ET Q q 0 0 0 rg BT 286.20 439.60 Td (and ) Tj ET Q q 0 0 0 rg BT 300.01 439.60 Td (attract ) Tj ET Q q 0 0 0 rg BT 323.15 439.60 Td (audiences; ) Tj ET Q q 0 0 0 rg BT 359.61 439.60 Td (and ) Tj ET Q q 0 0 0 rg BT 373.42 439.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 401.45 439.60 Td (in ) Tj ET Q q 0 0 0 rg BT 409.48 439.60 Td (the ) Tj ET Q q 0 0 0 rg BT 421.06 439.60 Td (political ) Tj ET Q q 0 0 0 rg BT 449.54 439.60 Td (and ) Tj ET Q q 0 0 0 rg BT 463.35 439.60 Td (r) Tj ET Q q 0 0 0 rg BT 466.16 439.60 Td (egulatory ) Tj ET Q q 0 0 0 rg BT 498.63 439.60 Td (envir) Tj ET Q q 0 0 0 rg BT 514.77 439.60 Td (onments ) Tj ET Q q 0 0 0 rg BT 543.25 439.60 Td (wher) Tj ET Q q 0 0 0 rg BT 558.95 439.60 Td (e ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 430.00 Td (we ) Tj ET Q q 0 0 0 rg BT 60.45 430.00 Td (operate ) Tj ET Q q 0 0 0 rg BT 86.96 430.00 Td (and ) Tj ET Q q 0 0 0 rg BT 101.02 430.00 Td (in ) Tj ET Q q 0 0 0 rg BT 109.31 430.00 Td (the ) Tj ET Q q 0 0 0 rg BT 121.15 430.00 Td (application ) Tj ET Q q 0 0 0 rg BT 159.65 430.00 Td (of ) Tj ET Q q 0 0 0 rg BT 167.94 430.00 Td (r) Tj ET Q q 0 0 0 rg BT 170.76 430.00 Td (elevant ) Tj ET Q q 0 0 0 rg BT 195.92 430.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 212.66 430.00 Td (and ) Tj ET Q q 0 0 0 rg BT 226.72 430.00 Td (r) Tj ET Q q 0 0 0 rg BT 229.54 430.00 Td (egulations. ) Tj ET Q q 0 0 0 rg BT 266.94 430.00 Td (The ) Tj ET Q q 0 0 0 rg BT 281.00 430.00 Td (for) Tj ET Q q 0 0 0 rg BT 290.04 430.00 Td (egoing ) Tj ET Q q 0 0 0 rg BT 313.88 430.00 Td (r) Tj ET Q q 0 0 0 rg BT 316.70 430.00 Td (eview ) Tj ET Q q 0 0 0 rg BT 336.97 430.00 Td (of ) Tj ET Q q 0 0 0 rg BT 345.26 430.00 Td (important ) Tj ET Q q 0 0 0 rg BT 378.89 430.00 Td (factors ) Tj ET Q q 0 0 0 rg BT 403.17 430.00 Td (should ) Tj ET Q q 0 0 0 rg BT 426.58 430.00 Td (not ) Tj ET Q q 0 0 0 rg BT 438.86 430.00 Td (be ) Tj ET Q q 0 0 0 rg BT 448.48 430.00 Td (construed ) Tj ET Q q 0 0 0 rg BT 482.10 430.00 Td (as ) Tj ET Q q 0 0 0 rg BT 491.28 430.00 Td (exhaustive ) Tj ET Q q 0 0 0 rg BT 527.10 430.00 Td (and ) Tj ET Q q 0 0 0 rg BT 541.17 430.00 Td (should ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 420.40 Td (be ) Tj ET Q q 0 0 0 rg BT 59.24 420.40 Td (r) Tj ET Q q 0 0 0 rg BT 62.05 420.40 Td (ead ) Tj ET Q q 0 0 0 rg BT 75.79 420.40 Td (in ) Tj ET Q q 0 0 0 rg BT 84.20 420.40 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 124.16 420.40 Td (with ) Tj ET Q q 0 0 0 rg BT 140.13 420.40 Td (other ) Tj ET Q q 0 0 0 rg BT 159.20 420.40 Td (cautionary ) Tj ET Q q 0 0 0 rg BT 196.05 420.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 232.01 420.40 Td (that ) Tj ET Q q 0 0 0 rg BT 246.64 420.40 Td (ar) Tj ET Q q 0 0 0 rg BT 253.46 420.40 Td (e ) Tj ET Q q 0 0 0 rg BT 259.20 420.40 Td (included ) Tj ET Q q 0 0 0 rg BT 288.93 420.40 Td (in ) Tj ET Q q 0 0 0 rg BT 297.34 420.40 Td (this ) Tj ET Q q 0 0 0 rg BT 311.09 420.40 Td (r) Tj ET Q q 0 0 0 rg BT 313.91 420.40 Td (eport. ) Tj ET Q q 0 0 0 rg BT 334.82 420.40 Td (All ) Tj ET Q q 0 0 0 rg BT 346.34 420.40 Td (forwar) Tj ET Q q 0 0 0 rg BT 367.83 420.40 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 400.68 420.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 436.64 420.40 Td (speak ) Tj ET Q q 0 0 0 rg BT 457.04 420.40 Td (only ) Tj ET Q q 0 0 0 rg BT 473.00 420.40 Td (as ) Tj ET Q q 0 0 0 rg BT 482.30 420.40 Td (of ) Tj ET Q q 0 0 0 rg BT 490.71 420.40 Td (the ) Tj ET Q q 0 0 0 rg BT 502.67 420.40 Td (date ) Tj ET Q q 0 0 0 rg BT 518.63 420.40 Td (of ) Tj ET Q q 0 0 0 rg BT 527.04 420.40 Td (this ) Tj ET Q q 0 0 0 rg BT 540.79 420.40 Td (r) Tj ET Q q 0 0 0 rg BT 543.61 420.40 Td (eport. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 410.80 Td (W) Tj ET Q q 0 0 0 rg BT 55.43 410.80 Td (e ) Tj ET Q q 0 0 0 rg BT 60.48 410.80 Td (undertake ) Tj ET Q q 0 0 0 rg BT 93.97 410.80 Td (no ) Tj ET Q q 0 0 0 rg BT 103.47 410.80 Td (obligation ) Tj ET Q q 0 0 0 rg BT 137.86 410.80 Td (to ) Tj ET Q q 0 0 0 rg BT 145.58 410.80 Td (publicly ) Tj ET Q q 0 0 0 rg BT 172.85 410.80 Td (update ) Tj ET Q q 0 0 0 rg BT 196.13 410.80 Td (or ) Tj ET Q q 0 0 0 rg BT 204.74 410.80 Td (r) Tj ET Q q 0 0 0 rg BT 207.55 410.80 Td (eview ) Tj ET Q q 0 0 0 rg BT 227.27 410.80 Td (any ) Tj ET Q q 0 0 0 rg BT 240.32 410.80 Td (forwar) Tj ET Q q 0 0 0 rg BT 261.80 410.80 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 293.96 410.80 Td (statements, ) Tj ET Q q 0 0 0 rg BT 331.24 410.80 Td (whether ) Tj ET Q q 0 0 0 rg BT 358.51 410.80 Td (as ) Tj ET Q q 0 0 0 rg BT 367.13 410.80 Td (a ) Tj ET Q q 0 0 0 rg BT 372.63 410.80 Td (r) Tj ET Q q 0 0 0 rg BT 375.44 410.80 Td (esult ) Tj ET Q q 0 0 0 rg BT 392.05 410.80 Td (of ) Tj ET Q q 0 0 0 rg BT 399.77 410.80 Td (new ) Tj ET Q q 0 0 0 rg BT 414.16 410.80 Td (information, ) Tj ET Q q 0 0 0 rg BT 455.44 410.80 Td (futur) Tj ET Q q 0 0 0 rg BT 470.70 410.80 Td (e ) Tj ET Q q 0 0 0 rg BT 475.75 410.80 Td (developments ) Tj ET Q q 0 0 0 rg BT 520.79 410.80 Td (or ) Tj ET Q q 0 0 0 rg BT 529.41 410.80 Td (otherwise, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 401.20 Td (except ) Tj ET Q q 0 0 0 rg BT 71.93 401.20 Td (as ) Tj ET Q q 0 0 0 rg BT 81.04 401.20 Td (r) Tj ET Q q 0 0 0 rg BT 83.86 401.20 Td (equir) Tj ET Q q 0 0 0 rg BT 100.45 401.20 Td (ed ) Tj ET Q q 0 0 0 rg BT 110.00 401.20 Td (by ) Tj ET Q q 0 0 0 rg BT 119.55 401.20 Td (law) Tj ET Q q 0 0 0 rg BT 130.51 401.20 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 382.60 Td (Defined ) Tj ET Q q 0 0 0 rg BT 77.71 382.60 Td (T) Tj ET Q q 0 0 0 rg BT 81.87 382.60 Td (erms) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 367.00 Td (Unless ) Tj ET Q q 0 0 0 rg BT 73.34 367.00 Td (the ) Tj ET Q q 0 0 0 rg BT 85.17 367.00 Td (context ) Tj ET Q q 0 0 0 rg BT 110.78 367.00 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 143.94 367.00 Td (requires, ) Tj ET Q q 0 0 0 rg BT 173.76 367.00 Td (references ) Tj ET Q q 0 0 0 rg BT 208.68 367.00 Td (in ) Tj ET Q q 0 0 0 rg BT 216.96 367.00 Td (this ) Tj ET Q q 0 0 0 rg BT 230.58 367.00 Td (report ) Tj ET Q q 0 0 0 rg BT 251.74 367.00 Td (to ) Tj ET Q q 0 0 0 rg BT 260.03 367.00 Td (the ) Tj ET Q q 0 0 0 rg BT 271.86 367.00 Td ("Company", ) Tj ET Q q 0 0 0 rg BT 313.56 367.00 Td ("CME", ) Tj ET Q q 0 0 0 rg BT 341.49 367.00 Td ("we", ) Tj ET Q q 0 0 0 rg BT 361.40 367.00 Td ("us" ) Tj ET Q q 0 0 0 rg BT 377.11 367.00 Td (or ) Tj ET Q q 0 0 0 rg BT 385.83 367.00 Td ("our" ) Tj ET Q q 0 0 0 rg BT 405.09 367.00 Td (refer ) Tj ET Q q 0 0 0 rg BT 422.24 367.00 Td (to ) Tj ET Q q 0 0 0 rg BT 430.52 367.00 Td (Central ) Tj ET Q q 0 0 0 rg BT 456.13 367.00 Td (European ) Tj ET Q q 0 0 0 rg BT 488.84 367.00 Td (Media ) Tj ET Q q 0 0 0 rg BT 511.34 367.00 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 549.39 367.00 Td (Ltd. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 357.40 Td (\("CME ) Tj ET Q q 0 0 0 rg BT 74.15 357.40 Td (Ltd."\) ) Tj ET Q q 0 0 0 rg BT 94.56 357.40 Td (or ) Tj ET Q q 0 0 0 rg BT 102.61 357.40 Td (CME ) Tj ET Q q 0 0 0 rg BT 121.32 357.40 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 135.81 357.40 Td (and ) Tj ET Q q 0 0 0 rg BT 148.74 357.40 Td (its ) Tj ET Q q 0 0 0 rg BT 157.68 357.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 199.50 357.40 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 238.65 357.40 Td (listed ) Tj ET Q q 0 0 0 rg BT 257.36 357.40 Td (in ) Tj ET Q q 0 0 0 rg BT 264.96 357.40 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 289.90 357.40 Td (21.01 ) Tj ET Q q 0 0 0 rg BT 309.28 357.40 Td (hereto. ) Tj ET Q q 0 0 0 rg BT 332.65 357.40 Td (Unless ) Tj ET Q q 0 0 0 rg BT 355.80 357.40 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 388.29 357.40 Td (noted, ) Tj ET Q q 0 0 0 rg BT 409.44 357.40 Td (all ) Tj ET Q q 0 0 0 rg BT 418.81 357.40 Td (statistical ) Tj ET Q q 0 0 0 rg BT 450.41 357.40 Td (and ) Tj ET Q q 0 0 0 rg BT 463.34 357.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 492.70 357.40 Td (information ) Tj ET Q q 0 0 0 rg BT 531.85 357.40 Td (presented ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 347.80 Td (in ) Tj ET Q q 0 0 0 rg BT 58.08 347.80 Td (this ) Tj ET Q q 0 0 0 rg BT 72.00 347.80 Td (report ) Tj ET Q q 0 0 0 rg BT 93.46 347.80 Td (has ) Tj ET Q q 0 0 0 rg BT 106.48 347.80 Td (been ) Tj ET Q q 0 0 0 rg BT 123.94 347.80 Td (converted ) Tj ET Q q 0 0 0 rg BT 157.83 347.80 Td (into ) Tj ET Q q 0 0 0 rg BT 172.63 347.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 189.22 347.80 Td (dollars ) Tj ET Q q 0 0 0 rg BT 213.35 347.80 Td (using ) Tj ET Q q 0 0 0 rg BT 233.04 347.80 Td (period-end ) Tj ET Q q 0 0 0 rg BT 270.05 347.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 302.61 347.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 320.07 347.80 Td (or ) Tj ET Q q 0 0 0 rg BT 329.09 347.80 Td (average ) Tj ET Q q 0 0 0 rg BT 356.32 347.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 373.78 347.80 Td (where ) Tj ET Q q 0 0 0 rg BT 395.68 347.80 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 432.39 347.80 Td (All ) Tj ET Q q 0 0 0 rg BT 444.97 347.80 Td (references ) Tj ET Q q 0 0 0 rg BT 480.18 347.80 Td (in ) Tj ET Q q 0 0 0 rg BT 488.76 347.80 Td (this ) Tj ET Q q 0 0 0 rg BT 502.68 347.80 Td (report ) Tj ET Q q 0 0 0 rg BT 524.14 347.80 Td (to ) Tj ET Q q 0 0 0 rg BT 532.72 347.80 Td ("US$" ) Tj ET Q q 0 0 0 rg BT 555.83 347.80 Td (or ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 338.20 Td ("dollars" ) Tj ET Q q 0 0 0 rg BT 79.81 338.20 Td (are ) Tj ET Q q 0 0 0 rg BT 91.58 338.20 Td (to ) Tj ET Q q 0 0 0 rg BT 99.81 338.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 116.05 338.20 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 141.83 338.20 Td (all ) Tj ET Q q 0 0 0 rg BT 151.83 338.20 Td (references ) Tj ET Q q 0 0 0 rg BT 186.70 338.20 Td (to ) Tj ET Q q 0 0 0 rg BT 194.93 338.20 Td ("BGN" ) Tj ET Q q 0 0 0 rg BT 220.35 338.20 Td (are ) Tj ET Q q 0 0 0 rg BT 232.13 338.20 Td (to ) Tj ET Q q 0 0 0 rg BT 240.36 338.20 Td (Bulgarian ) Tj ET Q q 0 0 0 rg BT 273.91 338.20 Td (leva, ) Tj ET Q q 0 0 0 rg BT 291.24 338.20 Td (all ) Tj ET Q q 0 0 0 rg BT 301.24 338.20 Td (references ) Tj ET Q q 0 0 0 rg BT 336.11 338.20 Td (to ) Tj ET Q q 0 0 0 rg BT 344.34 338.20 Td ("CZK" ) Tj ET Q q 0 0 0 rg BT 368.88 338.20 Td (are ) Tj ET Q q 0 0 0 rg BT 380.65 338.20 Td (to ) Tj ET Q q 0 0 0 rg BT 388.88 338.20 Td (Czech ) Tj ET Q q 0 0 0 rg BT 410.88 338.20 Td (koruna, ) Tj ET Q q 0 0 0 rg BT 437.10 338.20 Td (all ) Tj ET Q q 0 0 0 rg BT 447.10 338.20 Td (references ) Tj ET Q q 0 0 0 rg BT 481.97 338.20 Td (to ) Tj ET Q q 0 0 0 rg BT 490.20 338.20 Td ("RON" ) Tj ET Q q 0 0 0 rg BT 515.62 338.20 Td (are ) Tj ET Q q 0 0 0 rg BT 527.40 338.20 Td (to ) Tj ET Q q 0 0 0 rg BT 535.63 338.20 Td (the ) Tj ET Q q 0 0 0 rg BT 547.41 338.20 Td (New ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 328.60 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 84.59 328.60 Td (lei ) Tj ET Q q 0 0 0 rg BT 94.79 328.60 Td (and ) Tj ET Q q 0 0 0 rg BT 108.55 328.60 Td (all ) Tj ET Q q 0 0 0 rg BT 118.76 328.60 Td (references ) Tj ET Q q 0 0 0 rg BT 153.83 328.60 Td (to ) Tj ET Q q 0 0 0 rg BT 162.26 328.60 Td ("Euro" ) Tj ET Q q 0 0 0 rg BT 186.55 328.60 Td (or ) Tj ET Q q 0 0 0 rg BT 195.42 328.60 Td ("EUR" ) Tj ET Q q 0 0 0 rg BT 220.16 328.60 Td (are ) Tj ET Q q 0 0 0 rg BT 232.13 328.60 Td (to ) Tj ET Q q 0 0 0 rg BT 240.56 328.60 Td (the ) Tj ET Q q 0 0 0 rg BT 252.54 328.60 Td (European ) Tj ET Q q 0 0 0 rg BT 285.40 328.60 Td (Union ) Tj ET Q q 0 0 0 rg BT 307.61 328.60 Td (Euro. ) Tj ET Q q 0 0 0 rg BT 327.21 328.60 Td (The ) Tj ET Q q 0 0 0 rg BT 341.86 328.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 374.27 328.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 391.58 328.60 Td (as ) Tj ET Q q 0 0 0 rg BT 400.45 328.60 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.43 328.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 455.51 328.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.51 328.60 Td ( ) Tj ET Q q 0 0 0 rg BT 473.71 328.60 Td (used ) Tj ET Q q 0 0 0 rg BT 490.59 328.60 Td (in ) Tj ET Q q 0 0 0 rg BT 499.02 328.60 Td (this ) Tj ET Q q 0 0 0 rg BT 512.78 328.60 Td (report ) Tj ET Q q 0 0 0 rg BT 534.09 328.60 Td (are ) Tj ET Q q 0 0 0 rg BT 546.07 328.60 Td (US$/) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 319.00 Td (BGN ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.39 319.00 Td (1.71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 82.39 319.00 Td (; ) Tj ET Q q 0 0 0 rg BT 86.61 319.00 Td (US$/CZK ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.06 319.00 Td (22.47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 139.06 319.00 Td (; ) Tj ET Q q 0 0 0 rg BT 143.29 319.00 Td (US$/RON ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.63 319.00 Td (4.07) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.63 319.00 Td (; ) Tj ET Q q 0 0 0 rg BT 196.85 319.00 Td (and ) Tj ET Q q 0 0 0 rg BT 210.40 319.00 Td (US$/EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.85 319.00 Td (0.87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.85 319.00 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 299.10 Td (following ) Tj ET Q q 0 0 0 rg BT 97.05 299.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 123.04 299.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 142.81 299.10 Td (are ) Tj ET Q q 0 0 0 rg BT 154.57 299.10 Td (used ) Tj ET Q q 0 0 0 rg BT 171.24 299.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.46 299.10 Td (this ) Tj ET Q q 0 0 0 rg BT 192.58 299.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 218.13 299.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 241.90 299.10 Td (on ) Tj ET Q q 0 0 0 rg BT 251.90 299.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 271.24 299.10 Td (10-K:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 286.50 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 286.50 Td (") Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 88.765625 285.43359375 m 140.3203125 285.43359375 l s q 0 0 0 rg BT 88.77 286.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 106.77 286.50 Td (PIK ) Tj ET Q q 0 0 0 rg BT 121.66 286.50 Td (Notes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 140.32 286.50 Td (" ) Tj ET Q q 0 0 0 rg BT 145.59 286.50 Td (refers ) Tj ET Q q 0 0 0 rg BT 165.79 286.50 Td (to ) Tj ET Q q 0 0 0 rg BT 174.02 286.50 Td (our ) Tj ET Q q 0 0 0 rg BT 186.68 286.50 Td (15.0% ) Tj ET Q q 0 0 0 rg BT 209.34 286.50 Td (senior ) Tj ET Q q 0 0 0 rg BT 230.89 286.50 Td (secured ) Tj ET Q q 0 0 0 rg BT 257.32 286.50 Td (notes ) Tj ET Q q 0 0 0 rg BT 276.21 286.50 Td (due ) Tj ET Q q 0 0 0 rg BT 289.76 286.50 Td (2017, ) Tj ET Q q 0 0 0 rg BT 309.76 286.50 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 342.85 286.50 Td (in ) Tj ET Q q 0 0 0 rg BT 350.63 286.50 Td (April ) Tj ET Q q 0 0 0 rg BT 369.52 286.50 Td (2016;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 273.90 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 273.90 Td (") Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 88.765625 272.83359375 m 141.82421875 272.83359375 l s q 0 0 0 rg BT 88.77 273.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 106.62 273.90 Td (T) Tj ET Q q 0 0 0 rg BT 110.95 273.90 Td (erm ) Tj ET Q q 0 0 0 rg BT 125.39 273.90 Td (Loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.82 273.90 Td (" ) Tj ET Q q 0 0 0 rg BT 147.09 273.90 Td (refers ) Tj ET Q q 0 0 0 rg BT 167.30 273.90 Td (to ) Tj ET Q q 0 0 0 rg BT 175.52 273.90 Td (our ) Tj ET Q q 0 0 0 rg BT 188.18 273.90 Td (15.0% ) Tj ET Q q 0 0 0 rg BT 210.85 273.90 Td (term ) Tj ET Q q 0 0 0 rg BT 227.51 273.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 243.28 273.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 267.94 273.90 Td (due ) Tj ET Q q 0 0 0 rg BT 281.49 273.90 Td (2017, ) Tj ET Q q 0 0 0 rg BT 301.49 273.90 Td (repaid ) Tj ET Q q 0 0 0 rg BT 323.48 273.90 Td (in ) Tj ET Q q 0 0 0 rg BT 331.26 273.90 Td (April ) Tj ET Q q 0 0 0 rg BT 350.14 273.90 Td (2016;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 261.30 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 261.30 Td (") Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 88.765625 260.23359374999995 m 139.736328125 260.23359374999995 l s q 0 0 0 rg BT 88.77 261.30 Td (2019 ) Tj ET Q q 0 0 0 rg BT 106.26 261.30 Td (Euro ) Tj ET Q q 0 0 0 rg BT 123.30 261.30 Td (Loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 139.74 261.30 Td (" ) Tj ET Q q 0 0 0 rg BT 144.49 261.30 Td (refers ) Tj ET Q q 0 0 0 rg BT 164.19 261.30 Td (to ) Tj ET Q q 0 0 0 rg BT 171.91 261.30 Td (our ) Tj ET Q q 0 0 0 rg BT 184.06 261.30 Td (floating ) Tj ET Q q 0 0 0 rg BT 210.43 261.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 223.91 261.30 Td (senior ) Tj ET Q q 0 0 0 rg BT 244.96 261.30 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 278.88 261.30 Td (term ) Tj ET Q q 0 0 0 rg BT 295.03 261.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 314.73 261.30 Td (facility ) Tj ET Q q 0 0 0 rg BT 338.88 261.30 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 375.46 261.30 Td (by ) Tj ET Q q 0 0 0 rg BT 384.84 261.30 Td (W) Tj ET Q q 0 0 0 rg BT 391.75 261.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 409.67 261.30 Td (Media ) Tj ET Q q 0 0 0 rg BT 431.60 261.30 Td (\(as ) Tj ET Q q 0 0 0 rg BT 442.42 261.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 467.90 261.30 Td (below\), ) Tj ET Q q 0 0 0 rg BT 493.61 261.30 Td (dated ) Tj ET Q q 0 0 0 rg BT 512.42 261.30 Td (as ) Tj ET Q q 0 0 0 rg BT 520.58 261.30 Td (of ) Tj ET Q q 0 0 0 rg BT 528.73 261.30 Td (November ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 251.70 Td (14, ) Tj ET Q q 0 0 0 rg BT 97.50 251.70 Td (2014, ) Tj ET Q q 0 0 0 rg BT 117.50 251.70 Td (as ) Tj ET Q q 0 0 0 rg BT 126.16 251.70 Td (amended ) Tj ET Q q 0 0 0 rg BT 157.04 251.70 Td (on ) Tj ET Q q 0 0 0 rg BT 167.04 251.70 Td (March ) Tj ET Q q 0 0 0 rg BT 189.92 251.70 Td (9, ) Tj ET Q q 0 0 0 rg BT 197.92 251.70 Td (2015, ) Tj ET Q q 0 0 0 rg BT 217.92 251.70 Td (February ) Tj ET Q q 0 0 0 rg BT 248.80 251.70 Td (19, ) Tj ET Q q 0 0 0 rg BT 260.80 251.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 280.80 251.70 Td (June ) Tj ET Q q 0 0 0 rg BT 297.46 251.70 Td (22, ) Tj ET Q q 0 0 0 rg BT 309.46 251.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 327.46 251.70 Td (and ) Tj ET Q q 0 0 0 rg BT 341.01 251.70 Td (February ) Tj ET Q q 0 0 0 rg BT 371.89 251.70 Td (5, ) Tj ET Q q 0 0 0 rg BT 379.89 251.70 Td (2018 ) Tj ET Q q 0 0 0 rg BT 397.89 251.70 Td (which ) Tj ET Q q 0 0 0 rg BT 419.44 251.70 Td (was ) Tj ET Q q 0 0 0 rg BT 433.88 251.70 Td (repaid ) Tj ET Q q 0 0 0 rg BT 455.87 251.70 Td (in ) Tj ET Q q 0 0 0 rg BT 464.09 251.70 Td (full ) Tj ET Q q 0 0 0 rg BT 477.20 251.70 Td (on ) Tj ET Q q 0 0 0 rg BT 487.20 251.70 Td (July ) Tj ET Q q 0 0 0 rg BT 502.54 251.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 514.54 251.70 Td (2018;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 239.10 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 239.10 Td (") Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 88.765625 238.03359375000002 m 141.48046875 238.03359375000002 l s q 0 0 0 rg BT 88.77 239.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 107.13 239.10 Td (Euro ) Tj ET Q q 0 0 0 rg BT 125.04 239.10 Td (Loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.48 239.10 Td (" ) Tj ET Q q 0 0 0 rg BT 147.11 239.10 Td (refers ) Tj ET Q q 0 0 0 rg BT 167.68 239.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.27 239.10 Td (our ) Tj ET Q q 0 0 0 rg BT 189.29 239.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 216.54 239.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 230.89 239.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 252.80 239.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 287.60 239.10 Td (term ) Tj ET Q q 0 0 0 rg BT 304.62 239.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 325.20 239.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 350.21 239.10 Td (due ) Tj ET Q q 0 0 0 rg BT 364.13 239.10 Td (November ) Tj ET Q q 0 0 0 rg BT 400.26 239.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 408.62 239.10 Td (2021, ) Tj ET Q q 0 0 0 rg BT 428.98 239.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 466.44 239.10 Td (by ) Tj ET Q q 0 0 0 rg BT 476.63 239.10 Td (W) Tj ET Q q 0 0 0 rg BT 483.54 239.10 Td (arner ) Tj ET Q q 0 0 0 rg BT 502.33 239.10 Td (Media, ) Tj ET Q q 0 0 0 rg BT 527.13 239.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 546.82 239.10 Td (as ) Tj ET Q q 0 0 0 rg BT 555.85 239.10 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 229.50 Td (September ) Tj ET Q q 0 0 0 rg BT 121.71 229.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 133.71 229.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 153.71 229.50 Td (as ) Tj ET Q q 0 0 0 rg BT 162.38 229.50 Td (amended ) Tj ET Q q 0 0 0 rg BT 193.25 229.50 Td (on ) Tj ET Q q 0 0 0 rg BT 203.25 229.50 Td (February ) Tj ET Q q 0 0 0 rg BT 234.13 229.50 Td (19, ) Tj ET Q q 0 0 0 rg BT 246.13 229.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 266.13 229.50 Td (June ) Tj ET Q q 0 0 0 rg BT 282.79 229.50 Td (22, ) Tj ET Q q 0 0 0 rg BT 294.79 229.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 312.79 229.50 Td (and ) Tj ET Q q 0 0 0 rg BT 325.90 229.50 Td (April ) Tj ET Q q 0 0 0 rg BT 344.79 229.50 Td (25, ) Tj ET Q q 0 0 0 rg BT 356.79 229.50 Td (2018;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 216.90 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 216.90 Td (") Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 88.765625 215.83359374999998 m 141.52734375 215.83359374999998 l s q 0 0 0 rg BT 88.77 216.90 Td (2023 ) Tj ET Q q 0 0 0 rg BT 107.15 216.90 Td (Euro ) Tj ET Q q 0 0 0 rg BT 125.09 216.90 Td (Loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.53 216.90 Td (" ) Tj ET Q q 0 0 0 rg BT 147.18 216.90 Td (refers ) Tj ET Q q 0 0 0 rg BT 167.77 216.90 Td (to ) Tj ET Q q 0 0 0 rg BT 176.38 216.90 Td (our ) Tj ET Q q 0 0 0 rg BT 189.43 216.90 Td (floating ) Tj ET Q q 0 0 0 rg BT 216.70 216.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 231.08 216.90 Td (senior ) Tj ET Q q 0 0 0 rg BT 253.02 216.90 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 287.83 216.90 Td (term ) Tj ET Q q 0 0 0 rg BT 304.88 216.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 325.48 216.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 350.52 216.90 Td (due ) Tj ET Q q 0 0 0 rg BT 363.93 216.90 Td (April ) Tj ET Q q 0 0 0 rg BT 383.20 216.90 Td (26, ) Tj ET Q q 0 0 0 rg BT 395.59 216.90 Td (2023, ) Tj ET Q q 0 0 0 rg BT 415.98 216.90 Td (entered ) Tj ET Q q 0 0 0 rg BT 441.90 216.90 Td (into ) Tj ET Q q 0 0 0 rg BT 456.73 216.90 Td (by ) Tj ET Q q 0 0 0 rg BT 467.12 216.90 Td (CME ) Tj ET Q q 0 0 0 rg BT 486.84 216.90 Td (BV) Tj ET Q q 0 0 0 rg BT 497.81 216.90 Td ( ) Tj ET Q q 0 0 0 rg BT 500.20 216.90 Td (\(as ) Tj ET Q q 0 0 0 rg BT 511.91 216.90 Td (defined ) Tj ET Q q 0 0 0 rg BT 538.29 216.90 Td (below\), ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 207.30 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 122.59 207.30 Td (by ) Tj ET Q q 0 0 0 rg BT 132.45 207.30 Td (W) Tj ET Q q 0 0 0 rg BT 139.36 207.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 157.79 207.30 Td (Media ) Tj ET Q q 0 0 0 rg BT 180.22 207.30 Td (and ) Tj ET Q q 0 0 0 rg BT 193.77 207.30 Td (CME ) Tj ET Q q 0 0 0 rg BT 213.11 207.30 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 230.22 207.30 Td (dated ) Tj ET Q q 0 0 0 rg BT 249.54 207.30 Td (as ) Tj ET Q q 0 0 0 rg BT 258.21 207.30 Td (of ) Tj ET Q q 0 0 0 rg BT 266.87 207.30 Td (February ) Tj ET Q q 0 0 0 rg BT 297.75 207.30 Td (19, ) Tj ET Q q 0 0 0 rg BT 309.75 207.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 329.75 207.30 Td (as ) Tj ET Q q 0 0 0 rg BT 338.41 207.30 Td (amended ) Tj ET Q q 0 0 0 rg BT 369.29 207.30 Td (on ) Tj ET Q q 0 0 0 rg BT 379.29 207.30 Td (June ) Tj ET Q q 0 0 0 rg BT 395.95 207.30 Td (22, ) Tj ET Q q 0 0 0 rg BT 407.95 207.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 425.95 207.30 Td (and ) Tj ET Q q 0 0 0 rg BT 439.06 207.30 Td (April ) Tj ET Q q 0 0 0 rg BT 457.95 207.30 Td (25, ) Tj ET Q q 0 0 0 rg BT 469.95 207.30 Td (2018;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 194.70 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 194.70 Td (") Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 88.765625 193.63359375000005 m 125.8671875 193.63359375000005 l s q 0 0 0 rg BT 88.77 194.70 Td (Euro ) Tj ET Q q 0 0 0 rg BT 106.32 194.70 Td (Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 125.87 194.70 Td (" ) Tj ET Q q 0 0 0 rg BT 131.13 194.70 Td (refers ) Tj ET Q q 0 0 0 rg BT 151.34 194.70 Td (collectively ) Tj ET Q q 0 0 0 rg BT 190.66 194.70 Td (to ) Tj ET Q q 0 0 0 rg BT 198.88 194.70 Td (the ) Tj ET Q q 0 0 0 rg BT 210.65 194.70 Td (2019 ) Tj ET Q q 0 0 0 rg BT 228.65 194.70 Td (Euro ) Tj ET Q q 0 0 0 rg BT 246.20 194.70 Td (Loan ) Tj ET Q q 0 0 0 rg BT 264.64 194.70 Td (\(when ) Tj ET Q q 0 0 0 rg BT 286.63 194.70 Td (outstanding\), ) Tj ET Q q 0 0 0 rg BT 330.63 194.70 Td (2021 ) Tj ET Q q 0 0 0 rg BT 348.63 194.70 Td (Euro ) Tj ET Q q 0 0 0 rg BT 366.18 194.70 Td (Loan ) Tj ET Q q 0 0 0 rg BT 384.62 194.70 Td (and ) Tj ET Q q 0 0 0 rg BT 398.17 194.70 Td (2023 ) Tj ET Q q 0 0 0 rg BT 416.17 194.70 Td (Euro ) Tj ET Q q 0 0 0 rg BT 433.72 194.70 Td (Loan;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 182.10 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 182.10 Td (") Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 88.765625 181.03359375000002 m 189.68359375 181.03359375000002 l s q 0 0 0 rg BT 88.77 182.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 107.15 182.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 142.86 182.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 165.24 182.10 Td (Facility) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.68 182.10 Td (" ) Tj ET Q q 0 0 0 rg BT 195.33 182.10 Td (refers ) Tj ET Q q 0 0 0 rg BT 215.92 182.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.53 182.10 Td (our ) Tj ET Q q 0 0 0 rg BT 237.57 182.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 270.62 182.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 291.21 182.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 316.25 182.10 Td (due ) Tj ET Q q 0 0 0 rg BT 329.66 182.10 Td (April ) Tj ET Q q 0 0 0 rg BT 348.93 182.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 361.31 182.10 Td (2023, ) Tj ET Q q 0 0 0 rg BT 381.69 182.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 401.40 182.10 Td (as ) Tj ET Q q 0 0 0 rg BT 410.45 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.49 182.10 Td (May ) Tj ET Q q 0 0 0 rg BT 436.54 182.10 Td (2, ) Tj ET Q q 0 0 0 rg BT 444.92 182.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 465.31 182.10 Td (as ) Tj ET Q q 0 0 0 rg BT 474.35 182.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 505.61 182.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.54 182.10 Td (restated ) Tj ET Q q 0 0 0 rg BT 546.80 182.10 Td (as ) Tj ET Q q 0 0 0 rg BT 555.85 182.10 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 172.50 Td (February ) Tj ET Q q 0 0 0 rg BT 116.38 172.50 Td (19, ) Tj ET Q q 0 0 0 rg BT 128.38 172.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 148.38 172.50 Td (and ) Tj ET Q q 0 0 0 rg BT 161.93 172.50 Td (as ) Tj ET Q q 0 0 0 rg BT 170.59 172.50 Td (further ) Tj ET Q q 0 0 0 rg BT 194.36 172.50 Td (amended ) Tj ET Q q 0 0 0 rg BT 225.23 172.50 Td (and ) Tj ET Q q 0 0 0 rg BT 238.79 172.50 Td (restated ) Tj ET Q q 0 0 0 rg BT 265.66 172.50 Td (on ) Tj ET Q q 0 0 0 rg BT 275.22 172.50 Td (April ) Tj ET Q q 0 0 0 rg BT 294.11 172.50 Td (25, ) Tj ET Q q 0 0 0 rg BT 306.11 172.50 Td (2018;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 159.90 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 159.90 Td (") Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 88.765625 158.83359374999998 m 138.296875 158.83359374999998 l s q 0 0 0 rg BT 88.77 159.90 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 123.63 159.90 Td (Fees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 138.30 159.90 Td (" ) Tj ET Q q 0 0 0 rg BT 143.56 159.90 Td (refers ) Tj ET Q q 0 0 0 rg BT 163.77 159.90 Td (to ) Tj ET Q q 0 0 0 rg BT 171.99 159.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 201.10 159.90 Td (accrued ) Tj ET Q q 0 0 0 rg BT 227.97 159.90 Td (and ) Tj ET Q q 0 0 0 rg BT 241.52 159.90 Td (payable ) Tj ET Q q 0 0 0 rg BT 268.39 159.90 Td (to ) Tj ET Q q 0 0 0 rg BT 276.47 159.90 Td (W) Tj ET Q q 0 0 0 rg BT 283.38 159.90 Td (arner ) Tj ET Q q 0 0 0 rg BT 301.81 159.90 Td (Media ) Tj ET Q q 0 0 0 rg BT 324.25 159.90 Td (as ) Tj ET Q q 0 0 0 rg BT 332.91 159.90 Td (consideration ) Tj ET Q q 0 0 0 rg BT 378.01 159.90 Td (for ) Tj ET Q q 0 0 0 rg BT 389.20 159.90 Td (W) Tj ET Q q 0 0 0 rg BT 396.11 159.90 Td (arner ) Tj ET Q q 0 0 0 rg BT 414.54 159.90 Td (Media's ) Tj ET Q q 0 0 0 rg BT 441.53 159.90 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 477.73 159.90 Td (of ) Tj ET Q q 0 0 0 rg BT 486.39 159.90 Td (the ) Tj ET Q q 0 0 0 rg BT 498.17 159.90 Td (Euro ) Tj ET Q q 0 0 0 rg BT 515.72 159.90 Td (Loans;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 147.30 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 147.30 Td (") Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 88.765625 146.23359374999995 m 176.31494140625 146.23359374999995 l s q 0 0 0 rg BT 88.77 147.30 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 140.78 147.30 Td (Agreement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 176.31 147.30 Td (" ) Tj ET Q q 0 0 0 rg BT 181.32 147.30 Td (refers ) Tj ET Q q 0 0 0 rg BT 201.26 147.30 Td (to ) Tj ET Q q 0 0 0 rg BT 209.22 147.30 Td (our ) Tj ET Q q 0 0 0 rg BT 221.62 147.30 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 271.35 147.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 306.40 147.30 Td (with ) Tj ET Q q 0 0 0 rg BT 322.23 147.30 Td (W) Tj ET Q q 0 0 0 rg BT 329.14 147.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 347.31 147.30 Td (Media ) Tj ET Q q 0 0 0 rg BT 369.48 147.30 Td (which ) Tj ET Q q 0 0 0 rg BT 390.77 147.30 Td (provides ) Tj ET Q q 0 0 0 rg BT 420.06 147.30 Td (that ) Tj ET Q q 0 0 0 rg BT 433.79 147.30 Td (we ) Tj ET Q q 0 0 0 rg BT 444.86 147.30 Td (will ) Tj ET Q q 0 0 0 rg BT 459.04 147.30 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 492.64 147.30 Td (W) Tj ET Q q 0 0 0 rg BT 499.55 147.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 517.72 147.30 Td (Media ) Tj ET Q q 0 0 0 rg BT 539.89 147.30 Td (for ) Tj ET Q q 0 0 0 rg BT 550.96 147.30 Td (any ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 137.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 114.24 137.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 129.64 137.70 Td (by ) Tj ET Q q 0 0 0 rg BT 139.26 137.70 Td (them ) Tj ET Q q 0 0 0 rg BT 156.89 137.70 Td (under ) Tj ET Q q 0 0 0 rg BT 176.73 137.70 Td (any ) Tj ET Q q 0 0 0 rg BT 189.91 137.70 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 222.62 137.70 Td (or ) Tj ET Q q 0 0 0 rg BT 230.91 137.70 Td (through ) Tj ET Q q 0 0 0 rg BT 257.43 137.70 Td (any ) Tj ET Q q 0 0 0 rg BT 270.61 137.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 286.01 137.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 316.06 137.70 Td (right ) Tj ET Q q 0 0 0 rg BT 332.80 137.70 Td (exercised ) Tj ET Q q 0 0 0 rg BT 364.63 137.70 Td (by ) Tj ET Q q 0 0 0 rg BT 374.14 137.70 Td (W) Tj ET Q q 0 0 0 rg BT 381.05 137.70 Td (arner ) Tj ET Q q 0 0 0 rg BT 399.10 137.70 Td (Media, ) Tj ET Q q 0 0 0 rg BT 423.17 137.70 Td (dated ) Tj ET Q q 0 0 0 rg BT 442.12 137.70 Td (as ) Tj ET Q q 0 0 0 rg BT 450.41 137.70 Td (of ) Tj ET Q q 0 0 0 rg BT 458.70 137.70 Td (November ) Tj ET Q q 0 0 0 rg BT 494.10 137.70 Td (14, ) Tj ET Q q 0 0 0 rg BT 505.72 137.70 Td (2014, ) Tj ET Q q 0 0 0 rg BT 525.35 137.70 Td (as ) Tj ET Q q 0 0 0 rg BT 533.64 137.70 Td (amended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.05 128.10 Td (restated ) Tj ET Q q 0 0 0 rg BT 125.93 128.10 Td (on ) Tj ET Q q 0 0 0 rg BT 135.93 128.10 Td (February ) Tj ET Q q 0 0 0 rg BT 166.80 128.10 Td (19, ) Tj ET Q q 0 0 0 rg BT 178.80 128.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 198.80 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.36 128.10 Td (as ) Tj ET Q q 0 0 0 rg BT 221.02 128.10 Td (further ) Tj ET Q q 0 0 0 rg BT 244.79 128.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 275.66 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.21 128.10 Td (restated ) Tj ET Q q 0 0 0 rg BT 316.09 128.10 Td (on ) Tj ET Q q 0 0 0 rg BT 325.64 128.10 Td (April ) Tj ET Q q 0 0 0 rg BT 344.53 128.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 356.53 128.10 Td (2018;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 115.50 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 115.50 Td (") Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 88.765625 114.43359375 m 119.21484375 114.43359375 l s q 0 0 0 rg BT 88.77 115.50 Td (CME ) Tj ET Q q 0 0 0 rg BT 108.10 115.50 Td (BV) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.21 115.50 Td (" ) Tj ET Q q 0 0 0 rg BT 124.48 115.50 Td (refers ) Tj ET Q q 0 0 0 rg BT 144.69 115.50 Td (to ) Tj ET Q q 0 0 0 rg BT 152.91 115.50 Td (CME ) Tj ET Q q 0 0 0 rg BT 172.25 115.50 Td (Media ) Tj ET Q q 0 0 0 rg BT 194.68 115.50 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 232.67 115.50 Td (B.V) Tj ET Q q 0 0 0 rg BT 244.75 115.50 Td (., ) Tj ET Q q 0 0 0 rg BT 250.75 115.50 Td (our ) Tj ET Q q 0 0 0 rg BT 263.42 115.50 Td (100% ) Tj ET Q q 0 0 0 rg BT 284.08 115.50 Td (owned ) Tj ET Q q 0 0 0 rg BT 307.41 115.50 Td (subsidiary;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 102.90 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 102.90 Td (") Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 88.765625 101.83359374999998 m 119.65625 101.83359374999998 l s q 0 0 0 rg BT 88.77 102.90 Td (CME ) Tj ET Q q 0 0 0 rg BT 108.10 102.90 Td (NV) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.66 102.90 Td (" ) Tj ET Q q 0 0 0 rg BT 124.92 102.90 Td (refers ) Tj ET Q q 0 0 0 rg BT 145.13 102.90 Td (to ) Tj ET Q q 0 0 0 rg BT 153.35 102.90 Td (Central ) Tj ET Q q 0 0 0 rg BT 178.90 102.90 Td (European ) Tj ET Q q 0 0 0 rg BT 211.55 102.90 Td (Media ) Tj ET Q q 0 0 0 rg BT 233.99 102.90 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 271.98 102.90 Td (N.V) Tj ET Q q 0 0 0 rg BT 284.50 102.90 Td (., ) Tj ET Q q 0 0 0 rg BT 290.50 102.90 Td (our ) Tj ET Q q 0 0 0 rg BT 303.16 102.90 Td (100% ) Tj ET Q q 0 0 0 rg BT 323.83 102.90 Td (owned ) Tj ET Q q 0 0 0 rg BT 347.16 102.90 Td (subsidiary;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 90.30 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 90.30 Td (") Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 88.765625 89.23359374999995 m 109.65234375 89.23359374999995 l s q 0 0 0 rg BT 88.77 90.30 Td (A) Tj ET Q q 0 0 0 rg BT 93.66 90.30 Td (T&T) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 109.65 90.30 Td (" ) Tj ET Q q 0 0 0 rg BT 114.92 90.30 Td (refers ) Tj ET Q q 0 0 0 rg BT 135.13 90.30 Td (to ) Tj ET Q q 0 0 0 rg BT 142.91 90.30 Td (A) Tj ET Q q 0 0 0 rg BT 147.80 90.30 Td (T&T) Tj ET Q q 0 0 0 rg BT 163.20 90.30 Td (, ) Tj ET Q q 0 0 0 rg BT 167.20 90.30 Td (Inc.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 77.70 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 77.70 Td (") Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 88.765625 76.63359375000005 m 134.54296875 76.63359375000005 l s q 0 0 0 rg BT 88.77 77.70 Td (W) Tj ET Q q 0 0 0 rg BT 95.68 77.70 Td (arner ) Tj ET Q q 0 0 0 rg BT 114.11 77.70 Td (Media) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.54 77.70 Td (" ) Tj ET Q q 0 0 0 rg BT 139.81 77.70 Td (refers ) Tj ET Q q 0 0 0 rg BT 160.02 77.70 Td (to ) Tj ET Q q 0 0 0 rg BT 168.09 77.70 Td (W) Tj ET Q q 0 0 0 rg BT 175.00 77.70 Td (arner ) Tj ET Q q 0 0 0 rg BT 193.43 77.70 Td (Media, ) Tj ET Q q 0 0 0 rg BT 217.87 77.70 Td (LLC. ) Tj ET Q q 0 0 0 rg BT 236.98 77.70 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 269.49 77.70 Td (T) Tj ET Q q 0 0 0 rg BT 274.09 77.70 Td (ime ) Tj ET Q q 0 0 0 rg BT 287.95 77.70 Td (W) Tj ET Q q 0 0 0 rg BT 294.86 77.70 Td (arner) Tj ET Q q 0 0 0 rg BT 310.96 77.70 Td (, ) Tj ET Q q 0 0 0 rg BT 314.96 77.70 Td (Inc.\), ) Tj ET Q q 0 0 0 rg BT 333.84 77.70 Td (a ) Tj ET Q q 0 0 0 rg BT 339.39 77.70 Td (wholly ) Tj ET Q q 0 0 0 rg BT 363.62 77.70 Td (owned ) Tj ET Q q 0 0 0 rg BT 386.95 77.70 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 421.83 77.70 Td (of ) Tj ET Q q 0 0 0 rg BT 430.05 77.70 Td (A) Tj ET Q q 0 0 0 rg BT 434.95 77.70 Td (T&T) Tj ET Q q 0 0 0 rg BT 450.50 77.70 Td (; ) Tj ET Q q 0 0 0 rg BT 454.72 77.70 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 65.10 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 65.10 Td (") Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 88.765625 64.03359375000002 m 129.2734375 64.03359375000002 l s q 0 0 0 rg BT 88.77 65.10 Td (TW) Tj ET Q q 0 0 0 rg BT 101.06 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.06 65.10 Td (Investor) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 129.27 65.10 Td (" ) Tj ET Q q 0 0 0 rg BT 134.54 65.10 Td (refers ) Tj ET Q q 0 0 0 rg BT 154.75 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.82 65.10 Td (T) Tj ET Q q 0 0 0 rg BT 167.43 65.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 181.28 65.10 Td (W) Tj ET Q q 0 0 0 rg BT 188.19 65.10 Td (arner ) Tj ET Q q 0 0 0 rg BT 206.62 65.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 229.06 65.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 260.39 65.10 Td (B.V) Tj ET Q q 0 0 0 rg BT 272.48 65.10 Td (., ) Tj ET Q q 0 0 0 rg BT 278.48 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 284.03 65.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 308.25 65.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 331.58 65.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 366.46 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.98 65.10 Td (W) Tj ET Q q 0 0 0 rg BT 381.89 65.10 Td (arner ) Tj ET Q q 0 0 0 rg BT 400.32 65.10 Td (Media) Tj ET Q endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (P) Tj ET Q q 0 0 0 rg BT 53.79 723.60 Td (AR) Tj ET Q q 0 0 0 rg BT 65.07 723.60 Td (T) Tj ET Q q 0 0 0 rg BT 70.26 723.60 Td ( I) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 702.00 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 72.84 702.00 Td (1. ) Tj ET Q q 0 0 0 rg BT 94.50 702.00 Td (BUSINESS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 686.40 Td (Central ) Tj ET Q q 0 0 0 rg BT 74.80 686.40 Td (European ) Tj ET Q q 0 0 0 rg BT 107.20 686.40 Td (Media ) Tj ET Q q 0 0 0 rg BT 129.39 686.40 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 167.13 686.40 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 183.98 686.40 Td (a ) Tj ET Q q 0 0 0 rg BT 189.29 686.40 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 220.36 686.40 Td (company ) Tj ET Q q 0 0 0 rg BT 251.43 686.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 275.85 686.40 Td (by ) Tj ET Q q 0 0 0 rg BT 285.60 686.40 Td (shares, ) Tj ET Q q 0 0 0 rg BT 309.34 686.40 Td (is ) Tj ET Q q 0 0 0 rg BT 316.43 686.40 Td (a ) Tj ET Q q 0 0 0 rg BT 321.73 686.40 Td (media ) Tj ET Q q 0 0 0 rg BT 343.02 686.40 Td (and ) Tj ET Q q 0 0 0 rg BT 356.32 686.40 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 402.05 686.40 Td (company ) Tj ET Q q 0 0 0 rg BT 433.13 686.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 465.09 686.40 Td (in ) Tj ET Q q 0 0 0 rg BT 473.06 686.40 Td (Central ) Tj ET Q q 0 0 0 rg BT 498.36 686.40 Td (and ) Tj ET Q q 0 0 0 rg BT 511.66 686.40 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 537.40 686.40 Td (Europe. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 676.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.20 676.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 85.12 676.80 Td (are ) Tj ET Q q 0 0 0 rg BT 97.14 676.80 Td (held ) Tj ET Q q 0 0 0 rg BT 113.18 676.80 Td (through ) Tj ET Q q 0 0 0 rg BT 140.32 676.80 Td (a ) Tj ET Q q 0 0 0 rg BT 146.13 676.80 Td (series ) Tj ET Q q 0 0 0 rg BT 166.60 676.80 Td (of ) Tj ET Q q 0 0 0 rg BT 175.52 676.80 Td (Dutch ) Tj ET Q q 0 0 0 rg BT 197.33 676.80 Td (and ) Tj ET Q q 0 0 0 rg BT 211.14 676.80 Td (Curaao ) Tj ET Q q 0 0 0 rg BT 240.05 676.80 Td (holding ) Tj ET Q q 0 0 0 rg BT 266.75 676.80 Td (companies. ) Tj ET Q q 0 0 0 rg BT 305.06 676.80 Td (W) Tj ET Q q 0 0 0 rg BT 311.97 676.80 Td (e ) Tj ET Q q 0 0 0 rg BT 317.78 676.80 Td (manage ) Tj ET Q q 0 0 0 rg BT 344.91 676.80 Td (our ) Tj ET Q q 0 0 0 rg BT 357.83 676.80 Td (business ) Tj ET Q q 0 0 0 rg BT 387.20 676.80 Td (on ) Tj ET Q q 0 0 0 rg BT 397.46 676.80 Td (a ) Tj ET Q q 0 0 0 rg BT 403.27 676.80 Td (geographical ) Tj ET Q q 0 0 0 rg BT 446.84 676.80 Td (basis, ) Tj ET Q q 0 0 0 rg BT 467.10 676.80 Td (with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.58 676.80 Td (five) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.02 676.80 Td ( ) Tj ET Q q 0 0 0 rg BT 498.27 676.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 530.74 676.80 Td (segments, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 667.20 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 81.35 667.20 Td (the ) Tj ET Q q 0 0 0 rg BT 93.42 667.20 Td (Czech ) Tj ET Q q 0 0 0 rg BT 115.71 667.20 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 148.89 667.20 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 182.08 667.20 Td (the ) Tj ET Q q 0 0 0 rg BT 194.15 667.20 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 218.68 667.20 Td (Republic ) Tj ET Q q 0 0 0 rg BT 249.86 667.20 Td (and ) Tj ET Q q 0 0 0 rg BT 263.71 667.20 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 296.01 667.20 Td (which ) Tj ET Q q 0 0 0 rg BT 317.86 667.20 Td (are ) Tj ET Q q 0 0 0 rg BT 329.93 667.20 Td (also ) Tj ET Q q 0 0 0 rg BT 345.11 667.20 Td (our ) Tj ET Q q 0 0 0 rg BT 358.08 667.20 Td (reportable ) Tj ET Q q 0 0 0 rg BT 392.80 667.20 Td (segments ) Tj ET Q q 0 0 0 rg BT 424.88 667.20 Td (and ) Tj ET Q q 0 0 0 rg BT 438.73 667.20 Td (our ) Tj ET Q q 0 0 0 rg BT 451.70 667.20 Td (main ) Tj ET Q q 0 0 0 rg BT 469.99 667.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 502.50 667.20 Td (countries. ) Tj ET Q q 0 0 0 rg BT 535.96 667.20 Td (W) Tj ET Q q 0 0 0 rg BT 542.87 667.20 Td (e ) Tj ET Q q 0 0 0 rg BT 548.72 667.20 Td (own ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 657.60 Td (94% ) Tj ET Q q 0 0 0 rg BT 66.16 657.60 Td (of ) Tj ET Q q 0 0 0 rg BT 74.83 657.60 Td (our ) Tj ET Q q 0 0 0 rg BT 87.49 657.60 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 117.04 657.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 152.36 657.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 165.91 657.60 Td (100%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.58 657.60 Td ( ) Tj ET Q q 0 0 0 rg BT 186.58 657.60 Td (of ) Tj ET Q q 0 0 0 rg BT 195.24 657.60 Td (our ) Tj ET Q q 0 0 0 rg BT 207.91 657.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 244.12 657.60 Td (in ) Tj ET Q q 0 0 0 rg BT 252.34 657.60 Td (our ) Tj ET Q q 0 0 0 rg BT 265.00 657.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 299.44 657.60 Td (countries.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 642.00 Td (On ) Tj ET Q q 0 0 0 rg BT 61.32 642.00 Td (July ) Tj ET Q q 0 0 0 rg BT 76.70 642.00 Td (9, ) Tj ET Q q 0 0 0 rg BT 84.74 642.00 Td (2017, ) Tj ET Q q 0 0 0 rg BT 104.78 642.00 Td (we ) Tj ET Q q 0 0 0 rg BT 116.15 642.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 141.73 642.00 Td (into ) Tj ET Q q 0 0 0 rg BT 156.22 642.00 Td (a ) Tj ET Q q 0 0 0 rg BT 161.81 642.00 Td (framework ) Tj ET Q q 0 0 0 rg BT 198.95 642.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 234.30 642.00 Td (with ) Tj ET Q q 0 0 0 rg BT 250.57 642.00 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 280.61 642.00 Td (Broadband ) Tj ET Q q 0 0 0 rg BT 317.75 642.00 Td (S.r) Tj ET Q q 0 0 0 rg BT 331.97 642.00 Td (.l., ) Tj ET Q q 0 0 0 rg BT 342.24 642.00 Td (a ) Tj ET Q q 0 0 0 rg BT 347.83 642.00 Td (wholly ) Tj ET Q q 0 0 0 rg BT 372.09 642.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 395.46 642.00 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 430.39 642.00 Td (of ) Tj ET Q q 0 0 0 rg BT 439.10 642.00 Td (United ) Tj ET Q q 0 0 0 rg BT 462.91 642.00 Td (Group ) Tj ET Q q 0 0 0 rg BT 485.40 642.00 Td (B.V) Tj ET Q q 0 0 0 rg BT 497.48 642.00 Td (., ) Tj ET Q q 0 0 0 rg BT 503.52 642.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 530.00 642.00 Td (to ) Tj ET Q q 0 0 0 rg BT 538.26 642.00 Td (the ) Tj ET Q q 0 0 0 rg BT 550.08 642.00 Td (sale ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 632.40 Td (of ) Tj ET Q q 0 0 0 rg BT 58.20 632.40 Td (our ) Tj ET Q q 0 0 0 rg BT 70.90 632.40 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 100.49 632.40 Td (and ) Tj ET Q q 0 0 0 rg BT 114.07 632.40 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 148.11 632.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 183.47 632.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 197.94 632.40 Td ("Divestment ) Tj ET Q q 0 0 0 rg BT 239.98 632.40 Td (T) Tj ET Q q 0 0 0 rg BT 244.59 632.40 Td (ransaction"\). ) Tj ET Q q 0 0 0 rg BT 287.43 632.40 Td (Following ) Tj ET Q q 0 0 0 rg BT 322.36 632.40 Td (an ) Tj ET Q q 0 0 0 rg BT 331.95 632.40 Td (amendment ) Tj ET Q q 0 0 0 rg BT 371.31 632.40 Td (and ) Tj ET Q q 0 0 0 rg BT 384.89 632.40 Td (restatement ) Tj ET Q q 0 0 0 rg BT 423.80 632.40 Td (of ) Tj ET Q q 0 0 0 rg BT 432.50 632.40 Td (that ) Tj ET Q q 0 0 0 rg BT 446.54 632.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 481.89 632.40 Td (on ) Tj ET Q q 0 0 0 rg BT 491.92 632.40 Td (July ) Tj ET Q q 0 0 0 rg BT 507.30 632.40 Td (5, ) Tj ET Q q 0 0 0 rg BT 515.33 632.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 533.37 632.40 Td (to ) Tj ET Q q 0 0 0 rg BT 541.63 632.40 Td (permit ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 622.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.22 622.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 75.61 622.80 Td (of ) Tj ET Q q 0 0 0 rg BT 84.23 622.80 Td (each ) Tj ET Q q 0 0 0 rg BT 100.83 622.80 Td (operation ) Tj ET Q q 0 0 0 rg BT 132.99 622.80 Td (independently) Tj ET Q q 0 0 0 rg BT 177.79 622.80 Td (, ) Tj ET Q q 0 0 0 rg BT 181.74 622.80 Td (the ) Tj ET Q q 0 0 0 rg BT 193.46 622.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 207.85 622.80 Td (of ) Tj ET Q q 0 0 0 rg BT 216.47 622.80 Td (our ) Tj ET Q q 0 0 0 rg BT 229.08 622.80 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 258.58 622.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 293.85 622.80 Td (was ) Tj ET Q q 0 0 0 rg BT 308.24 622.80 Td (completed ) Tj ET Q q 0 0 0 rg BT 343.51 622.80 Td (on ) Tj ET Q q 0 0 0 rg BT 353.46 622.80 Td (July ) Tj ET Q q 0 0 0 rg BT 368.75 622.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 380.70 622.80 Td (2018. ) Tj ET Q q 0 0 0 rg BT 400.22 622.80 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 439.69 622.80 Td (, ) Tj ET Q q 0 0 0 rg BT 443.64 622.80 Td (the ) Tj ET Q q 0 0 0 rg BT 455.36 622.80 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 484.86 622.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 520.13 622.80 Td (are ) Tj ET Q q 0 0 0 rg BT 531.85 622.80 Td (presented ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 613.20 Td (as ) Tj ET Q q 0 0 0 rg BT 58.56 613.20 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 101.84 613.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 137.56 613.20 Td (for ) Tj ET Q q 0 0 0 rg BT 149.28 613.20 Td (all ) Tj ET Q q 0 0 0 rg BT 159.67 613.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 185.62 613.20 Td (in ) Tj ET Q q 0 0 0 rg BT 194.24 613.20 Td (this ) Tj ET Q q 0 0 0 rg BT 208.19 613.20 Td (report. ) Tj ET Q q 0 0 0 rg BT 231.52 613.20 Td (The ) Tj ET Q q 0 0 0 rg BT 246.35 613.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 282.06 613.20 Td (to ) Tj ET Q q 0 0 0 rg BT 290.67 613.20 Td (sell ) Tj ET Q q 0 0 0 rg BT 304.18 613.20 Td (our ) Tj ET Q q 0 0 0 rg BT 317.24 613.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 352.96 613.20 Td (in ) Tj ET Q q 0 0 0 rg BT 361.58 613.20 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 391.97 613.20 Td (was ) Tj ET Q q 0 0 0 rg BT 406.81 613.20 Td (terminated ) Tj ET Q q 0 0 0 rg BT 443.41 613.20 Td (on ) Tj ET Q q 0 0 0 rg BT 453.80 613.20 Td (January ) Tj ET Q q 0 0 0 rg BT 481.08 613.20 Td (18, ) Tj ET Q q 0 0 0 rg BT 493.47 613.20 Td (2019. ) Tj ET Q q 0 0 0 rg BT 513.34 613.20 Td (As ) Tj ET Q q 0 0 0 rg BT 524.63 613.20 Td (a ) Tj ET Q q 0 0 0 rg BT 530.57 613.20 Td (result, ) Tj ET Q q 0 0 0 rg BT 552.74 613.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 603.60 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 82.91 603.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 117.64 603.60 Td (are ) Tj ET Q q 0 0 0 rg BT 128.81 603.60 Td (not ) Tj ET Q q 0 0 0 rg BT 140.45 603.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 172.51 603.60 Td (as ) Tj ET Q q 0 0 0 rg BT 180.58 603.60 Td (held ) Tj ET Q q 0 0 0 rg BT 195.76 603.60 Td (for ) Tj ET Q q 0 0 0 rg BT 206.50 603.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 220.35 603.60 Td (or ) Tj ET Q q 0 0 0 rg BT 228.42 603.60 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 270.71 603.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 307.45 603.60 Td (and ) Tj ET Q q 0 0 0 rg BT 320.41 603.60 Td (the ) Tj ET Q q 0 0 0 rg BT 331.59 603.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 366.33 603.60 Td (below ) Tj ET Q q 0 0 0 rg BT 387.29 603.60 Td (relates ) Tj ET Q q 0 0 0 rg BT 409.58 603.60 Td (to ) Tj ET Q q 0 0 0 rg BT 417.21 603.60 Td (our ) Tj ET Q q 0 0 0 rg BT 429.28 603.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 464.91 603.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 499.64 603.60 Td (in ) Tj ET Q q 0 0 0 rg BT 507.28 603.60 Td (the ) Tj ET Q q 0 0 0 rg BT 518.46 603.60 Td (five ) Tj ET Q q 0 0 0 rg BT 532.30 603.60 Td (operating ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 594.00 Td (segments. ) Tj ET Q q 0 0 0 rg BT 83.27 594.00 Td (See ) Tj ET Q q 0 0 0 rg BT 96.82 594.00 Td (Part ) Tj ET Q q 0 0 0 rg BT 111.71 594.00 Td (II, ) Tj ET Q q 0 0 0 rg BT 121.04 594.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 137.70 594.00 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 145.70 594.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 163.25 594.00 Td (3, ) Tj ET Q q 0 0 0 rg BT 171.25 594.00 Td ("Discontinued ) Tj ET Q q 0 0 0 rg BT 219.18 594.00 Td (Operations ) Tj ET Q q 0 0 0 rg BT 256.28 594.00 Td (and ) Tj ET Q q 0 0 0 rg BT 269.39 594.00 Td (Assets ) Tj ET Q q 0 0 0 rg BT 292.28 594.00 Td (Held ) Tj ET Q q 0 0 0 rg BT 309.83 594.00 Td (for ) Tj ET Q q 0 0 0 rg BT 321.16 594.00 Td (Sale") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.20 594.00 Td ( ) Tj ET Q q 0 0 0 rg BT 340.20 594.00 Td (for ) Tj ET Q q 0 0 0 rg BT 351.52 594.00 Td (further ) Tj ET Q q 0 0 0 rg BT 375.29 594.00 Td (information.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 578.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.30 578.40 Td (main ) Tj ET Q q 0 0 0 rg BT 82.66 578.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 115.24 578.40 Td (countries ) Tj ET Q q 0 0 0 rg BT 146.93 578.40 Td (are ) Tj ET Q q 0 0 0 rg BT 159.05 578.40 Td (members ) Tj ET Q q 0 0 0 rg BT 190.74 578.40 Td (of ) Tj ET Q q 0 0 0 rg BT 199.77 578.40 Td (the ) Tj ET Q q 0 0 0 rg BT 211.91 578.40 Td (European ) Tj ET Q q 0 0 0 rg BT 244.92 578.40 Td (Union ) Tj ET Q q 0 0 0 rg BT 267.29 578.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 282.09 578.40 Td ("EU"\). ) Tj ET Q q 0 0 0 rg BT 306.31 578.40 Td (However) Tj ET Q q 0 0 0 rg BT 335.31 578.40 Td (, ) Tj ET Q q 0 0 0 rg BT 339.67 578.40 Td (as ) Tj ET Q q 0 0 0 rg BT 348.70 578.40 Td (emer) Tj ET Q q 0 0 0 rg BT 364.54 578.40 Td (ging ) Tj ET Q q 0 0 0 rg BT 381.13 578.40 Td (economies, ) Tj ET Q q 0 0 0 rg BT 419.70 578.40 Td (they ) Tj ET Q q 0 0 0 rg BT 435.84 578.40 Td (have ) Tj ET Q q 0 0 0 rg BT 453.30 578.40 Td (adopted ) Tj ET Q q 0 0 0 rg BT 480.82 578.40 Td (W) Tj ET Q q 0 0 0 rg BT 487.73 578.40 Td (estern-style ) Tj ET Q q 0 0 0 rg BT 526.97 578.40 Td (democratic ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 568.80 Td (forms ) Tj ET Q q 0 0 0 rg BT 70.21 568.80 Td (of ) Tj ET Q q 0 0 0 rg BT 78.91 568.80 Td (government ) Tj ET Q q 0 0 0 rg BT 119.17 568.80 Td (and ) Tj ET Q q 0 0 0 rg BT 132.76 568.80 Td (have ) Tj ET Q q 0 0 0 rg BT 149.91 568.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 183.05 568.80 Td (structures, ) Tj ET Q q 0 0 0 rg BT 218.19 568.80 Td (political ) Tj ET Q q 0 0 0 rg BT 246.45 568.80 Td (and ) Tj ET Q q 0 0 0 rg BT 260.04 568.80 Td (legal ) Tj ET Q q 0 0 0 rg BT 277.63 568.80 Td (systems, ) Tj ET Q q 0 0 0 rg BT 307.01 568.80 Td (and ) Tj ET Q q 0 0 0 rg BT 320.61 568.80 Td (corporate ) Tj ET Q q 0 0 0 rg BT 352.85 568.80 Td (governance ) Tj ET Q q 0 0 0 rg BT 391.76 568.80 Td (and ) Tj ET Q q 0 0 0 rg BT 405.36 568.80 Td (business ) Tj ET Q q 0 0 0 rg BT 434.51 568.80 Td (practices ) Tj ET Q q 0 0 0 rg BT 464.98 568.80 Td (that ) Tj ET Q q 0 0 0 rg BT 479.02 568.80 Td (continue ) Tj ET Q q 0 0 0 rg BT 508.61 568.80 Td (to ) Tj ET Q q 0 0 0 rg BT 516.88 568.80 Td (evolve. ) Tj ET Q q 0 0 0 rg BT 541.79 568.80 Td (As ) Tj ET Q q 0 0 0 rg BT 552.73 568.80 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 559.20 Td (economies ) Tj ET Q q 0 0 0 rg BT 85.86 559.20 Td (of ) Tj ET Q q 0 0 0 rg BT 94.66 559.20 Td (our ) Tj ET Q q 0 0 0 rg BT 107.47 559.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 139.83 559.20 Td (countries ) Tj ET Q q 0 0 0 rg BT 171.30 559.20 Td (conver) Tj ET Q q 0 0 0 rg BT 192.92 559.20 Td (ge ) Tj ET Q q 0 0 0 rg BT 202.61 559.20 Td (with ) Tj ET Q q 0 0 0 rg BT 218.98 559.20 Td (more ) Tj ET Q q 0 0 0 rg BT 237.56 559.20 Td (developed ) Tj ET Q q 0 0 0 rg BT 272.58 559.20 Td (nations ) Tj ET Q q 0 0 0 rg BT 297.84 559.20 Td (and ) Tj ET Q q 0 0 0 rg BT 311.53 559.20 Td (their ) Tj ET Q q 0 0 0 rg BT 328.34 559.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 361.58 559.20 Td (and ) Tj ET Q q 0 0 0 rg BT 375.27 559.20 Td (commercial ) Tj ET Q q 0 0 0 rg BT 415.18 559.20 Td (infrastructures ) Tj ET Q q 0 0 0 rg BT 463.52 559.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 493.21 559.20 Td (to ) Tj ET Q q 0 0 0 rg BT 501.58 559.20 Td (mature, ) Tj ET Q q 0 0 0 rg BT 527.94 559.20 Td (we ) Tj ET Q q 0 0 0 rg BT 539.41 559.20 Td (believe ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 549.60 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 549.60 Td (business ) Tj ET Q q 0 0 0 rg BT 90.39 549.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 107.50 549.60 Td (of ) Tj ET Q q 0 0 0 rg BT 116.16 549.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 148.38 549.60 Td (in ) Tj ET Q q 0 0 0 rg BT 156.60 549.60 Td (these ) Tj ET Q q 0 0 0 rg BT 175.04 549.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 206.36 549.60 Td (will ) Tj ET Q q 0 0 0 rg BT 220.80 549.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 250.35 549.60 Td (to ) Tj ET Q q 0 0 0 rg BT 258.57 549.60 Td (decline.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 531.00 Td (Operating Strategy) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 515.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 515.40 Td (e ) Tj ET Q q 0 0 0 rg BT 62.04 515.40 Td (operate ) Tj ET Q q 0 0 0 rg BT 87.66 515.40 Td (market ) Tj ET Q q 0 0 0 rg BT 111.95 515.40 Td (leading ) Tj ET Q q 0 0 0 rg BT 137.57 515.40 Td (television ) Tj ET Q q 0 0 0 rg BT 170.75 515.40 Td (networks ) Tj ET Q q 0 0 0 rg BT 202.16 515.40 Td (in ) Tj ET Q q 0 0 0 rg BT 210.46 515.40 Td (each ) Tj ET Q q 0 0 0 rg BT 227.19 515.40 Td (of ) Tj ET Q q 0 0 0 rg BT 235.93 515.40 Td (these ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.45 515.40 Td (five) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.89 515.40 Td ( ) Tj ET Q q 0 0 0 rg BT 268.96 515.40 Td (countries, ) Tj ET Q q 0 0 0 rg BT 302.37 515.40 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 345.32 515.40 Td (a ) Tj ET Q q 0 0 0 rg BT 350.95 515.40 Td (total ) Tj ET Q q 0 0 0 rg BT 367.25 515.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.99 515.40 Td (31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.99 515.40 Td ( ) Tj ET Q q 0 0 0 rg BT 386.07 515.40 Td (television ) Tj ET Q q 0 0 0 rg BT 419.25 515.40 Td (channels ) Tj ET Q q 0 0 0 rg BT 449.32 515.40 Td (to ) Tj ET Q q 0 0 0 rg BT 457.62 515.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 505.90 515.40 Td (45 ) Tj ET Q q 0 0 0 rg BT 515.98 515.40 Td (million ) Tj ET Q q 0 0 0 rg BT 541.17 515.40 Td (people ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 505.80 Td (living ) Tj ET Q q 0 0 0 rg BT 69.93 505.80 Td (in ) Tj ET Q q 0 0 0 rg BT 77.92 505.80 Td (the ) Tj ET Q q 0 0 0 rg BT 89.46 505.80 Td (region. ) Tj ET Q q 0 0 0 rg BT 113.66 505.80 Td (Each ) Tj ET Q q 0 0 0 rg BT 131.42 505.80 Td (segment ) Tj ET Q q 0 0 0 rg BT 159.84 505.80 Td (also ) Tj ET Q q 0 0 0 rg BT 174.50 505.80 Td (develops ) Tj ET Q q 0 0 0 rg BT 204.70 505.80 Td (and ) Tj ET Q q 0 0 0 rg BT 218.02 505.80 Td (produces ) Tj ET Q q 0 0 0 rg BT 248.66 505.80 Td (content ) Tj ET Q q 0 0 0 rg BT 273.97 505.80 Td (for ) Tj ET Q q 0 0 0 rg BT 285.07 505.80 Td (their ) Tj ET Q q 0 0 0 rg BT 301.49 505.80 Td (television ) Tj ET Q q 0 0 0 rg BT 334.36 505.80 Td (channels ) Tj ET Q q 0 0 0 rg BT 364.12 505.80 Td (and ) Tj ET Q q 0 0 0 rg BT 377.43 505.80 Td (digital ) Tj ET Q q 0 0 0 rg BT 399.64 505.80 Td (properties. ) Tj ET Q q 0 0 0 rg BT 435.27 505.80 Td (W) Tj ET Q q 0 0 0 rg BT 442.18 505.80 Td (e ) Tj ET Q q 0 0 0 rg BT 447.49 505.80 Td (generate ) Tj ET Q q 0 0 0 rg BT 476.35 505.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 513.66 505.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 543.86 505.80 Td (in ) Tj ET Q q 0 0 0 rg BT 551.85 505.80 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 496.20 Td (country ) Tj ET Q q 0 0 0 rg BT 75.28 496.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 109.96 496.20 Td (from ) Tj ET Q q 0 0 0 rg BT 126.85 496.20 Td (agreements ) Tj ET Q q 0 0 0 rg BT 164.63 496.20 Td (with ) Tj ET Q q 0 0 0 rg BT 180.19 496.20 Td (advertisers, ) Tj ET Q q 0 0 0 rg BT 218.19 496.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 255.09 496.20 Td (agencies ) Tj ET Q q 0 0 0 rg BT 283.97 496.20 Td (and ) Tj ET Q q 0 0 0 rg BT 296.87 496.20 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 326.22 496.20 Td (to ) Tj ET Q q 0 0 0 rg BT 333.79 496.20 Td (place ) Tj ET Q q 0 0 0 rg BT 352.01 496.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 388.91 496.20 Td (on ) Tj ET Q q 0 0 0 rg BT 398.25 496.20 Td (the ) Tj ET Q q 0 0 0 rg BT 409.37 496.20 Td (television ) Tj ET Q q 0 0 0 rg BT 441.82 496.20 Td (channels ) Tj ET Q q 0 0 0 rg BT 471.16 496.20 Td (and ) Tj ET Q q 0 0 0 rg BT 484.06 496.20 Td (websites ) Tj ET Q q 0 0 0 rg BT 512.95 496.20 Td (that ) Tj ET Q q 0 0 0 rg BT 526.30 496.20 Td (we ) Tj ET Q q 0 0 0 rg BT 536.97 496.20 Td (operate. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 486.60 Td (e ) Tj ET Q q 0 0 0 rg BT 62.30 486.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 91.73 486.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 126.06 486.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 156.83 486.60 Td (by ) Tj ET Q q 0 0 0 rg BT 167.17 486.60 Td (collecting ) Tj ET Q q 0 0 0 rg BT 201.05 486.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 216.27 486.60 Td (from ) Tj ET Q q 0 0 0 rg BT 234.16 486.60 Td (cable, ) Tj ET Q q 0 0 0 rg BT 255.37 486.60 Td (direct-to-home ) Tj ET Q q 0 0 0 rg BT 305.24 486.60 Td (\("DTH"\) ) Tj ET Q q 0 0 0 rg BT 335.88 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 349.77 486.60 Td (internet ) Tj ET Q q 0 0 0 rg BT 376.55 486.60 Td (protocol ) Tj ET Q q 0 0 0 rg BT 405.54 486.60 Td (television ) Tj ET Q q 0 0 0 rg BT 438.99 486.60 Td (\("IPTV"\) ) Tj ET Q q 0 0 0 rg BT 470.96 486.60 Td (operators ) Tj ET Q q 0 0 0 rg BT 503.07 486.60 Td (for ) Tj ET Q q 0 0 0 rg BT 514.74 486.60 Td (carriage ) Tj ET Q q 0 0 0 rg BT 542.83 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 551.83 486.60 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 477.00 Td (channels.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 461.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.66 461.40 Td (strategy ) Tj ET Q q 0 0 0 rg BT 90.70 461.40 Td (is ) Tj ET Q q 0 0 0 rg BT 97.76 461.40 Td (to ) Tj ET Q q 0 0 0 rg BT 105.70 461.40 Td (maintain ) Tj ET Q q 0 0 0 rg BT 135.41 461.40 Td (or ) Tj ET Q q 0 0 0 rg BT 143.79 461.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 171.71 461.40 Td (our ) Tj ET Q q 0 0 0 rg BT 184.10 461.40 Td (audience ) Tj ET Q q 0 0 0 rg BT 214.24 461.40 Td (leadership ) Tj ET Q q 0 0 0 rg BT 248.84 461.40 Td (in ) Tj ET Q q 0 0 0 rg BT 256.78 461.40 Td (each ) Tj ET Q q 0 0 0 rg BT 273.15 461.40 Td (of ) Tj ET Q q 0 0 0 rg BT 281.53 461.40 Td (our ) Tj ET Q q 0 0 0 rg BT 293.91 461.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 325.84 461.40 Td (countries ) Tj ET Q q 0 0 0 rg BT 356.89 461.40 Td (and ) Tj ET Q q 0 0 0 rg BT 370.16 461.40 Td (to ) Tj ET Q q 0 0 0 rg BT 378.10 461.40 Td (pursue ) Tj ET Q q 0 0 0 rg BT 401.14 461.40 Td (sales ) Tj ET Q q 0 0 0 rg BT 418.41 461.40 Td (strategies ) Tj ET Q q 0 0 0 rg BT 450.34 461.40 Td (designed ) Tj ET Q q 0 0 0 rg BT 480.50 461.40 Td (to ) Tj ET Q q 0 0 0 rg BT 488.44 461.40 Td (maximize ) Tj ET Q q 0 0 0 rg BT 521.70 461.40 Td (our ) Tj ET Q q 0 0 0 rg BT 534.09 461.40 Td (revenues ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 451.80 Td (in ) Tj ET Q q 0 0 0 rg BT 57.82 451.80 Td (order ) Tj ET Q q 0 0 0 rg BT 76.80 451.80 Td (to ) Tj ET Q q 0 0 0 rg BT 85.13 451.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 111.67 451.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 145.76 451.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 175.85 451.80 Td (resources ) Tj ET Q q 0 0 0 rg BT 208.16 451.80 Td (to ) Tj ET Q q 0 0 0 rg BT 216.48 451.80 Td (invest ) Tj ET Q q 0 0 0 rg BT 237.69 451.80 Td (in ) Tj ET Q q 0 0 0 rg BT 246.02 451.80 Td (popular ) Tj ET Q q 0 0 0 rg BT 272.55 451.80 Td (local ) Tj ET Q q 0 0 0 rg BT 290.20 451.80 Td (content. ) Tj ET Q q 0 0 0 rg BT 317.70 451.80 Td (W) Tj ET Q q 0 0 0 rg BT 324.61 451.80 Td (e ) Tj ET Q q 0 0 0 rg BT 330.26 451.80 Td (have ) Tj ET Q q 0 0 0 rg BT 347.47 451.80 Td (built ) Tj ET Q q 0 0 0 rg BT 364.23 451.80 Td (our ) Tj ET Q q 0 0 0 rg BT 377.00 451.80 Td (audience ) Tj ET Q q 0 0 0 rg BT 407.53 451.80 Td (leadership ) Tj ET Q q 0 0 0 rg BT 442.50 451.80 Td (in ) Tj ET Q q 0 0 0 rg BT 450.83 451.80 Td (each ) Tj ET Q q 0 0 0 rg BT 467.58 451.80 Td (of ) Tj ET Q q 0 0 0 rg BT 476.35 451.80 Td (our ) Tj ET Q q 0 0 0 rg BT 489.11 451.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 516.54 451.80 Td (by ) Tj ET Q q 0 0 0 rg BT 526.64 451.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 558.95 451.80 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 442.20 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 95.93 442.20 Td (business ) Tj ET Q q 0 0 0 rg BT 125.04 442.20 Td (model ) Tj ET Q q 0 0 0 rg BT 147.04 442.20 Td (with ) Tj ET Q q 0 0 0 rg BT 163.26 442.20 Td (a ) Tj ET Q q 0 0 0 rg BT 168.81 442.20 Td (diversified ) Tj ET Q q 0 0 0 rg BT 205.02 442.20 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 235.02 442.20 Td (of ) Tj ET Q q 0 0 0 rg BT 243.68 442.20 Td (television ) Tj ET Q q 0 0 0 rg BT 276.79 442.20 Td (channels ) Tj ET Q q 0 0 0 rg BT 306.78 442.20 Td (which ) Tj ET Q q 0 0 0 rg BT 328.33 442.20 Td (appeal ) Tj ET Q q 0 0 0 rg BT 351.20 442.20 Td (to ) Tj ET Q q 0 0 0 rg BT 359.43 442.20 Td (a ) Tj ET Q q 0 0 0 rg BT 364.98 442.20 Td (broad ) Tj ET Q q 0 0 0 rg BT 385.19 442.20 Td (audience.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (Content ) Tj ET Q q 0 0 0 rg BT 76.79 426.60 Td (that ) Tj ET Q q 0 0 0 rg BT 90.75 426.60 Td (consistently ) Tj ET Q q 0 0 0 rg BT 130.93 426.60 Td (generates ) Tj ET Q q 0 0 0 rg BT 163.09 426.60 Td (high ) Tj ET Q q 0 0 0 rg BT 179.28 426.60 Td (audience ) Tj ET Q q 0 0 0 rg BT 209.66 426.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 231.62 426.60 Td (is ) Tj ET Q q 0 0 0 rg BT 238.91 426.60 Td (crucial ) Tj ET Q q 0 0 0 rg BT 262.64 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 270.82 426.60 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 311.00 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 322.73 426.60 Td (success ) Tj ET Q q 0 0 0 rg BT 348.68 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 357.31 426.60 Td (each ) Tj ET Q q 0 0 0 rg BT 373.92 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 382.55 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 395.17 426.60 Td (country ) Tj ET Q q 0 0 0 rg BT 421.57 426.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 458.71 426.60 Td (While ) Tj ET Q q 0 0 0 rg BT 480.22 426.60 Td (content ) Tj ET Q q 0 0 0 rg BT 505.73 426.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 535.23 426.60 Td (from ) Tj ET Q q 0 0 0 rg BT 552.74 426.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 417.00 Td (Hollywood ) Tj ET Q q 0 0 0 rg BT 87.77 417.00 Td (studios ) Tj ET Q q 0 0 0 rg BT 112.72 417.00 Td (remains ) Tj ET Q q 0 0 0 rg BT 140.32 417.00 Td (popular) Tj ET Q q 0 0 0 rg BT 164.44 417.00 Td (, ) Tj ET Q q 0 0 0 rg BT 168.71 417.00 Td (our ) Tj ET Q q 0 0 0 rg BT 181.65 417.00 Td (audiences ) Tj ET Q q 0 0 0 rg BT 215.46 417.00 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 256.83 417.00 Td (demand ) Tj ET Q q 0 0 0 rg BT 284.43 417.00 Td (content ) Tj ET Q q 0 0 0 rg BT 310.25 417.00 Td (that ) Tj ET Q q 0 0 0 rg BT 324.53 417.00 Td (is ) Tj ET Q q 0 0 0 rg BT 332.14 417.00 Td (produced ) Tj ET Q q 0 0 0 rg BT 364.18 417.00 Td (in ) Tj ET Q q 0 0 0 rg BT 372.67 417.00 Td (their ) Tj ET Q q 0 0 0 rg BT 389.61 417.00 Td (local ) Tj ET Q q 0 0 0 rg BT 407.43 417.00 Td (language ) Tj ET Q q 0 0 0 rg BT 438.58 417.00 Td (and ) Tj ET Q q 0 0 0 rg BT 452.40 417.00 Td (reflects ) Tj ET Q q 0 0 0 rg BT 478.22 417.00 Td (their ) Tj ET Q q 0 0 0 rg BT 495.15 417.00 Td (society) Tj ET Q q 0 0 0 rg BT 517.29 417.00 Td (, ) Tj ET Q q 0 0 0 rg BT 521.57 417.00 Td (attitudes ) Tj ET Q q 0 0 0 rg BT 550.95 417.00 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 407.40 Td (culture. ) Tj ET Q q 0 0 0 rg BT 75.84 407.40 Td (W) Tj ET Q q 0 0 0 rg BT 82.75 407.40 Td (e ) Tj ET Q q 0 0 0 rg BT 88.60 407.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 114.00 407.40 Td (developing ) Tj ET Q q 0 0 0 rg BT 151.85 407.40 Td (and ) Tj ET Q q 0 0 0 rg BT 165.70 407.40 Td (producing ) Tj ET Q q 0 0 0 rg BT 200.43 407.40 Td (local ) Tj ET Q q 0 0 0 rg BT 218.28 407.40 Td (content ) Tj ET Q q 0 0 0 rg BT 244.12 407.40 Td (is ) Tj ET Q q 0 0 0 rg BT 251.76 407.40 Td (key ) Tj ET Q q 0 0 0 rg BT 265.61 407.40 Td (to ) Tj ET Q q 0 0 0 rg BT 274.13 407.40 Td (being ) Tj ET Q q 0 0 0 rg BT 294.20 407.40 Td (successful ) Tj ET Q q 0 0 0 rg BT 329.38 407.40 Td (and ) Tj ET Q q 0 0 0 rg BT 343.23 407.40 Td (supporting ) Tj ET Q q 0 0 0 rg BT 379.75 407.40 Td (market-leading ) Tj ET Q q 0 0 0 rg BT 430.47 407.40 Td (television ) Tj ET Q q 0 0 0 rg BT 463.88 407.40 Td (channels, ) Tj ET Q q 0 0 0 rg BT 496.16 407.40 Td (particularly ) Tj ET Q q 0 0 0 rg BT 535.33 407.40 Td (in ) Tj ET Q q 0 0 0 rg BT 543.85 407.40 Td (prime ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 397.80 Td (time, ) Tj ET Q q 0 0 0 rg BT 67.72 397.80 Td (and ) Tj ET Q q 0 0 0 rg BT 81.27 397.80 Td (that ) Tj ET Q q 0 0 0 rg BT 95.27 397.80 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 135.48 397.80 Td (a ) Tj ET Q q 0 0 0 rg BT 141.03 397.80 Td (regular ) Tj ET Q q 0 0 0 rg BT 165.68 397.80 Td (stream ) Tj ET Q q 0 0 0 rg BT 189.01 397.80 Td (of ) Tj ET Q q 0 0 0 rg BT 197.67 397.80 Td (popular ) Tj ET Q q 0 0 0 rg BT 224.11 397.80 Td (local ) Tj ET Q q 0 0 0 rg BT 241.66 397.80 Td (content ) Tj ET Q q 0 0 0 rg BT 267.20 397.80 Td (at ) Tj ET Q q 0 0 0 rg BT 274.98 397.80 Td (the ) Tj ET Q q 0 0 0 rg BT 286.75 397.80 Td (lowest ) Tj ET Q q 0 0 0 rg BT 309.64 397.80 Td (possible ) Tj ET Q q 0 0 0 rg BT 337.86 397.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 352.75 397.80 Td (is ) Tj ET Q q 0 0 0 rg BT 360.08 397.80 Td (a ) Tj ET Q q 0 0 0 rg BT 365.63 397.80 Td (key ) Tj ET Q q 0 0 0 rg BT 379.18 397.80 Td (strength ) Tj ET Q q 0 0 0 rg BT 406.96 397.80 Td (over ) Tj ET Q q 0 0 0 rg BT 423.17 397.80 Td (the ) Tj ET Q q 0 0 0 rg BT 434.95 397.80 Td (long ) Tj ET Q q 0 0 0 rg BT 451.17 397.80 Td (term.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 382.20 Td (As ) Tj ET Q q 0 0 0 rg BT 59.81 382.20 Td (the ) Tj ET Q q 0 0 0 rg BT 71.00 382.20 Td (distribution ) Tj ET Q q 0 0 0 rg BT 109.30 382.20 Td (platforms ) Tj ET Q q 0 0 0 rg BT 141.38 382.20 Td (in ) Tj ET Q q 0 0 0 rg BT 149.02 382.20 Td (our ) Tj ET Q q 0 0 0 rg BT 161.10 382.20 Td (region ) Tj ET Q q 0 0 0 rg BT 182.95 382.20 Td (develop ) Tj ET Q q 0 0 0 rg BT 209.69 382.20 Td (and ) Tj ET Q q 0 0 0 rg BT 222.66 382.20 Td (become ) Tj ET Q q 0 0 0 rg BT 248.95 382.20 Td (more ) Tj ET Q q 0 0 0 rg BT 266.80 382.20 Td (diversified, ) Tj ET Q q 0 0 0 rg BT 304.43 382.20 Td (our ) Tj ET Q q 0 0 0 rg BT 316.51 382.20 Td (television ) Tj ET Q q 0 0 0 rg BT 349.03 382.20 Td (channels ) Tj ET Q q 0 0 0 rg BT 378.44 382.20 Td (and ) Tj ET Q q 0 0 0 rg BT 391.40 382.20 Td (digital ) Tj ET Q q 0 0 0 rg BT 413.26 382.20 Td (content ) Tj ET Q q 0 0 0 rg BT 438.22 382.20 Td (will ) Tj ET Q q 0 0 0 rg BT 452.08 382.20 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 492.60 382.20 Td (reach ) Tj ET Q q 0 0 0 rg BT 511.33 382.20 Td (viewers ) Tj ET Q q 0 0 0 rg BT 537.63 382.20 Td (through ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 372.60 Td (new ) Tj ET Q q 0 0 0 rg BT 64.78 372.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 103.63 372.60 Td (of) Tj ET Q q 0 0 0 rg BT 110.15 372.60 Td (ferings ) Tj ET Q q 0 0 0 rg BT 134.32 372.60 Td (and ) Tj ET Q q 0 0 0 rg BT 147.82 372.60 Td (on ) Tj ET Q q 0 0 0 rg BT 157.77 372.60 Td (mobile ) Tj ET Q q 0 0 0 rg BT 181.95 372.60 Td (devices. ) Tj ET Q q 0 0 0 rg BT 209.75 372.60 Td (W) Tj ET Q q 0 0 0 rg BT 216.66 372.60 Td (e ) Tj ET Q q 0 0 0 rg BT 222.16 372.60 Td (of) Tj ET Q q 0 0 0 rg BT 228.68 372.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 239.52 372.60 Td (viewers ) Tj ET Q q 0 0 0 rg BT 266.35 372.60 Td (the ) Tj ET Q q 0 0 0 rg BT 278.08 372.60 Td (choice ) Tj ET Q q 0 0 0 rg BT 300.91 372.60 Td (of ) Tj ET Q q 0 0 0 rg BT 309.52 372.60 Td (watching ) Tj ET Q q 0 0 0 rg BT 340.80 372.60 Td (our ) Tj ET Q q 0 0 0 rg BT 353.42 372.60 Td (television ) Tj ET Q q 0 0 0 rg BT 386.48 372.60 Td (content ) Tj ET Q q 0 0 0 rg BT 411.98 372.60 Td (through ) Tj ET Q q 0 0 0 rg BT 438.82 372.60 Td (a ) Tj ET Q q 0 0 0 rg BT 444.33 372.60 Td (variety ) Tj ET Q q 0 0 0 rg BT 468.49 372.60 Td (of ) Tj ET Q q 0 0 0 rg BT 477.11 372.60 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 511.72 372.60 Td (including ) Tj ET Q q 0 0 0 rg BT 543.76 372.60 Td (V) Tj ET Q q 0 0 0 rg BT 548.50 372.60 Td (oyo, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 363.00 Td (our ) Tj ET Q q 0 0 0 rg BT 62.77 363.00 Td (subscription ) Tj ET Q q 0 0 0 rg BT 104.49 363.00 Td (video-on-demand ) Tj ET Q q 0 0 0 rg BT 163.53 363.00 Td (service, ) Tj ET Q q 0 0 0 rg BT 190.79 363.00 Td (and ) Tj ET Q q 0 0 0 rg BT 204.95 363.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 243.11 363.00 Td (supported ) Tj ET Q q 0 0 0 rg BT 277.27 363.00 Td (catch-up ) Tj ET Q q 0 0 0 rg BT 307.41 363.00 Td (services ) Tj ET Q q 0 0 0 rg BT 335.79 363.00 Td (on ) Tj ET Q q 0 0 0 rg BT 346.40 363.00 Td (our ) Tj ET Q q 0 0 0 rg BT 359.67 363.00 Td (websites. ) Tj ET Q q 0 0 0 rg BT 391.26 363.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 431.18 363.00 Td (, ) Tj ET Q q 0 0 0 rg BT 435.79 363.00 Td (we ) Tj ET Q q 0 0 0 rg BT 447.73 363.00 Td (operate ) Tj ET Q q 0 0 0 rg BT 473.87 363.00 Td (a ) Tj ET Q q 0 0 0 rg BT 480.03 363.00 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 510.64 363.00 Td (of ) Tj ET Q q 0 0 0 rg BT 519.91 363.00 Td (digital ) Tj ET Q q 0 0 0 rg BT 542.96 363.00 Td (media ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 353.40 Td (products ) Tj ET Q q 0 0 0 rg BT 79.05 353.40 Td (that ) Tj ET Q q 0 0 0 rg BT 93.05 353.40 Td (complement ) Tj ET Q q 0 0 0 rg BT 134.59 353.40 Td (our ) Tj ET Q q 0 0 0 rg BT 147.25 353.40 Td (news ) Tj ET Q q 0 0 0 rg BT 165.70 353.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 211.24 353.40 Td (and ) Tj ET Q q 0 0 0 rg BT 224.79 353.40 Td (other ) Tj ET Q q 0 0 0 rg BT 243.23 353.40 Td (television ) Tj ET Q q 0 0 0 rg BT 276.34 353.40 Td (station-related ) Tj ET Q q 0 0 0 rg BT 324.09 353.40 Td (brands.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 334.80 Td (Sales) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 319.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 319.20 Td (e ) Tj ET Q q 0 0 0 rg BT 62.64 319.20 Td (generate ) Tj ET Q q 0 0 0 rg BT 92.41 319.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 130.64 319.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 161.75 319.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 194.20 319.20 Td (through ) Tj ET Q q 0 0 0 rg BT 221.76 319.20 Td (entering ) Tj ET Q q 0 0 0 rg BT 250.65 319.20 Td (into ) Tj ET Q q 0 0 0 rg BT 265.78 319.20 Td (agreements ) Tj ET Q q 0 0 0 rg BT 304.88 319.20 Td (with ) Tj ET Q q 0 0 0 rg BT 321.79 319.20 Td (advertisers, ) Tj ET Q q 0 0 0 rg BT 361.12 319.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 399.34 319.20 Td (agencies ) Tj ET Q q 0 0 0 rg BT 429.56 319.20 Td (and ) Tj ET Q q 0 0 0 rg BT 443.79 319.20 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 474.48 319.20 Td (to ) Tj ET Q q 0 0 0 rg BT 483.38 319.20 Td (place ) Tj ET Q q 0 0 0 rg BT 502.93 319.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 541.16 319.20 Td (on ) Tj ET Q q 0 0 0 rg BT 551.84 319.20 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 309.60 Td (television ) Tj ET Q q 0 0 0 rg BT 82.61 309.60 Td (channels.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 294.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.86 294.00 Td (main ) Tj ET Q q 0 0 0 rg BT 81.77 294.00 Td (unit ) Tj ET Q q 0 0 0 rg BT 96.14 294.00 Td (of ) Tj ET Q q 0 0 0 rg BT 104.72 294.00 Td (inventory ) Tj ET Q q 0 0 0 rg BT 137.30 294.00 Td (is ) Tj ET Q q 0 0 0 rg BT 144.55 294.00 Td (the ) Tj ET Q q 0 0 0 rg BT 156.24 294.00 Td (commercial ) Tj ET Q q 0 0 0 rg BT 195.92 294.00 Td (gross ) Tj ET Q q 0 0 0 rg BT 214.73 294.00 Td (rating ) Tj ET Q q 0 0 0 rg BT 235.30 294.00 Td (point ) Tj ET Q q 0 0 0 rg BT 253.67 294.00 Td (\("GRP"\), ) Tj ET Q q 0 0 0 rg BT 285.01 294.00 Td (a ) Tj ET Q q 0 0 0 rg BT 290.48 294.00 Td (measure ) Tj ET Q q 0 0 0 rg BT 319.05 294.00 Td (of ) Tj ET Q q 0 0 0 rg BT 327.63 294.00 Td (the ) Tj ET Q q 0 0 0 rg BT 339.32 294.00 Td (number ) Tj ET Q q 0 0 0 rg BT 365.68 294.00 Td (of ) Tj ET Q q 0 0 0 rg BT 374.26 294.00 Td (people ) Tj ET Q q 0 0 0 rg BT 397.50 294.00 Td (watching ) Tj ET Q q 0 0 0 rg BT 428.74 294.00 Td (television ) Tj ET Q q 0 0 0 rg BT 461.77 294.00 Td (when ) Tj ET Q q 0 0 0 rg BT 481.01 294.00 Td (an ) Tj ET Q q 0 0 0 rg BT 490.48 294.00 Td (advertisement ) Tj ET Q q 0 0 0 rg BT 537.27 294.00 Td (is ) Tj ET Q q 0 0 0 rg BT 544.52 294.00 Td (aired. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 284.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 284.40 Td (e ) Tj ET Q q 0 0 0 rg BT 61.64 284.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 93.09 284.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 120.53 284.40 Td (with ) Tj ET Q q 0 0 0 rg BT 136.44 284.40 Td (a ) Tj ET Q q 0 0 0 rg BT 141.67 284.40 Td (client ) Tj ET Q q 0 0 0 rg BT 161.12 284.40 Td (to ) Tj ET Q q 0 0 0 rg BT 169.03 284.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 195.15 284.40 Td (an ) Tj ET Q q 0 0 0 rg BT 204.38 284.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 227.38 284.40 Td (number ) Tj ET Q q 0 0 0 rg BT 253.50 284.40 Td (of ) Tj ET Q q 0 0 0 rg BT 261.85 284.40 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 282.21 284.40 Td (for ) Tj ET Q q 0 0 0 rg BT 293.22 284.40 Td (an ) Tj ET Q q 0 0 0 rg BT 302.45 284.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 325.45 284.40 Td (price ) Tj ET Q q 0 0 0 rg BT 343.12 284.40 Td (\(cost ) Tj ET Q q 0 0 0 rg BT 363.90 284.40 Td (per ) Tj ET Q q 0 0 0 rg BT 375.80 284.40 Td (point ) Tj ET Q q 0 0 0 rg BT 397.48 284.40 Td (or ) Tj ET Q q 0 0 0 rg BT 405.83 284.40 Td ("CPP"\). ) Tj ET Q q 0 0 0 rg BT 432.94 284.40 Td ( ) Tj ET Q q 0 0 0 rg BT 434.50 284.40 Td (The ) Tj ET Q q 0 0 0 rg BT 448.62 284.40 Td (CPP) Tj ET Q q 0 0 0 rg BT 462.56 284.40 Td ( ) Tj ET Q q 0 0 0 rg BT 464.24 284.40 Td (varies ) Tj ET Q q 0 0 0 rg BT 485.02 284.40 Td (depending ) Tj ET Q q 0 0 0 rg BT 520.03 284.40 Td (on ) Tj ET Q q 0 0 0 rg BT 529.71 284.40 Td (the ) Tj ET Q q 0 0 0 rg BT 541.17 284.40 Td (season ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 274.80 Td (and ) Tj ET Q q 0 0 0 rg BT 63.07 274.80 Td (time ) Tj ET Q q 0 0 0 rg BT 79.31 274.80 Td (of ) Tj ET Q q 0 0 0 rg BT 87.99 274.80 Td (day ) Tj ET Q q 0 0 0 rg BT 101.56 274.80 Td (the ) Tj ET Q q 0 0 0 rg BT 113.36 274.80 Td (advertisement ) Tj ET Q q 0 0 0 rg BT 160.25 274.80 Td (is ) Tj ET Q q 0 0 0 rg BT 167.60 274.80 Td (aired, ) Tj ET Q q 0 0 0 rg BT 187.61 274.80 Td (the ) Tj ET Q q 0 0 0 rg BT 199.40 274.80 Td (volume ) Tj ET Q q 0 0 0 rg BT 225.42 274.80 Td (of ) Tj ET Q q 0 0 0 rg BT 234.10 274.80 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 254.80 274.80 Td (purchased, ) Tj ET Q q 0 0 0 rg BT 291.25 274.80 Td (requests ) Tj ET Q q 0 0 0 rg BT 319.48 274.80 Td (for ) Tj ET Q q 0 0 0 rg BT 330.83 274.80 Td (special ) Tj ET Q q 0 0 0 rg BT 355.06 274.80 Td (positioning ) Tj ET Q q 0 0 0 rg BT 393.08 274.80 Td (of ) Tj ET Q q 0 0 0 rg BT 401.77 274.80 Td (the ) Tj ET Q q 0 0 0 rg BT 413.56 274.80 Td (advertisement, ) Tj ET Q q 0 0 0 rg BT 462.45 274.80 Td (the ) Tj ET Q q 0 0 0 rg BT 474.24 274.80 Td (demographic ) Tj ET Q q 0 0 0 rg BT 518.02 274.80 Td (group ) Tj ET Q q 0 0 0 rg BT 538.71 274.80 Td (that ) Tj ET Q q 0 0 0 rg BT 552.72 274.80 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 265.20 Td (advertisement ) Tj ET Q q 0 0 0 rg BT 95.58 265.20 Td (is ) Tj ET Q q 0 0 0 rg BT 102.12 265.20 Td (tar) Tj ET Q q 0 0 0 rg BT 110.41 265.20 Td (geting ) Tj ET Q q 0 0 0 rg BT 131.62 265.20 Td (and ) Tj ET Q q 0 0 0 rg BT 144.38 265.20 Td (other ) Tj ET Q q 0 0 0 rg BT 162.02 265.20 Td (factors. ) Tj ET Q q 0 0 0 rg BT 186.99 265.20 Td (Much ) Tj ET Q q 0 0 0 rg BT 206.86 265.20 Td (less ) Tj ET Q q 0 0 0 rg BT 220.07 265.20 Td (frequently) Tj ET Q q 0 0 0 rg BT 252.43 265.20 Td (, ) Tj ET Q q 0 0 0 rg BT 255.63 265.20 Td (and ) Tj ET Q q 0 0 0 rg BT 268.39 265.20 Td (usually ) Tj ET Q q 0 0 0 rg BT 292.71 265.20 Td (only ) Tj ET Q q 0 0 0 rg BT 308.14 265.20 Td (for ) Tj ET Q q 0 0 0 rg BT 318.67 265.20 Td (small ) Tj ET Q q 0 0 0 rg BT 337.21 265.20 Td (niche ) Tj ET Q q 0 0 0 rg BT 355.74 265.20 Td (channels, ) Tj ET Q q 0 0 0 rg BT 386.94 265.20 Td (we ) Tj ET Q q 0 0 0 rg BT 397.47 265.20 Td (may ) Tj ET Q q 0 0 0 rg BT 412.45 265.20 Td (sell ) Tj ET Q q 0 0 0 rg BT 424.77 265.20 Td (on ) Tj ET Q q 0 0 0 rg BT 433.98 265.20 Td (a ) Tj ET Q q 0 0 0 rg BT 438.73 265.20 Td (fixed ) Tj ET Q q 0 0 0 rg BT 456.38 265.20 Td (spot ) Tj ET Q q 0 0 0 rg BT 470.92 265.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 488.13 265.20 Td (where ) Tj ET Q q 0 0 0 rg BT 508.88 265.20 Td (an ) Tj ET Q q 0 0 0 rg BT 517.64 265.20 Td (advertisement ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 255.60 Td (is ) Tj ET Q q 0 0 0 rg BT 57.10 255.60 Td (placed ) Tj ET Q q 0 0 0 rg BT 80.24 255.60 Td (at ) Tj ET Q q 0 0 0 rg BT 88.28 255.60 Td (an ) Tj ET Q q 0 0 0 rg BT 98.10 255.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 121.68 255.60 Td (time ) Tj ET Q q 0 0 0 rg BT 138.17 255.60 Td (for ) Tj ET Q q 0 0 0 rg BT 149.76 255.60 Td (a ) Tj ET Q q 0 0 0 rg BT 155.58 255.60 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 191.17 255.60 Td (price ) Tj ET Q q 0 0 0 rg BT 209.42 255.60 Td (that ) Tj ET Q q 0 0 0 rg BT 223.69 255.60 Td (is ) Tj ET Q q 0 0 0 rg BT 231.29 255.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 272.65 255.60 Td (of ) Tj ET Q q 0 0 0 rg BT 281.58 255.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.62 255.60 Td (number ) Tj ET Q q 0 0 0 rg BT 320.33 255.60 Td (of ) Tj ET Q q 0 0 0 rg BT 329.26 255.60 Td (viewers. ) Tj ET Q q 0 0 0 rg BT 358.40 255.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 373.11 255.60 Td (lar) Tj ET Q q 0 0 0 rg BT 381.41 255.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 393.89 255.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 431.70 255.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 466.40 255.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 498.43 255.60 Td (commit ) Tj ET Q q 0 0 0 rg BT 525.14 255.60 Td (to ) Tj ET Q q 0 0 0 rg BT 533.63 255.60 Td (specified ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 246.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 78.61 246.00 Td (of ) Tj ET Q q 0 0 0 rg BT 87.27 246.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 124.82 246.00 Td (on ) Tj ET Q q 0 0 0 rg BT 134.82 246.00 Td (an ) Tj ET Q q 0 0 0 rg BT 144.37 246.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 167.70 246.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 187.70 246.00 Td (which ) Tj ET Q q 0 0 0 rg BT 209.25 246.00 Td (sets ) Tj ET Q q 0 0 0 rg BT 223.25 246.00 Td (the ) Tj ET Q q 0 0 0 rg BT 235.02 246.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 259.68 246.00 Td (for ) Tj ET Q q 0 0 0 rg BT 271.01 246.00 Td (a ) Tj ET Q q 0 0 0 rg BT 276.56 246.00 Td (minimum ) Tj ET Q q 0 0 0 rg BT 309.67 246.00 Td (volume ) Tj ET Q q 0 0 0 rg BT 335.67 246.00 Td (of ) Tj ET Q q 0 0 0 rg BT 344.33 246.00 Td (GRPs.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 230.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 230.40 Td (e ) Tj ET Q q 0 0 0 rg BT 61.78 230.40 Td (operate ) Tj ET Q q 0 0 0 rg BT 87.13 230.40 Td (our ) Tj ET Q q 0 0 0 rg BT 99.61 230.40 Td (television ) Tj ET Q q 0 0 0 rg BT 132.53 230.40 Td (networks ) Tj ET Q q 0 0 0 rg BT 163.67 230.40 Td (based ) Tj ET Q q 0 0 0 rg BT 183.71 230.40 Td (on ) Tj ET Q q 0 0 0 rg BT 193.52 230.40 Td (a ) Tj ET Q q 0 0 0 rg BT 198.89 230.40 Td (business ) Tj ET Q q 0 0 0 rg BT 227.82 230.40 Td (model ) Tj ET Q q 0 0 0 rg BT 249.63 230.40 Td (of ) Tj ET Q q 0 0 0 rg BT 258.11 230.40 Td (audience ) Tj ET Q q 0 0 0 rg BT 288.35 230.40 Td (leadership, ) Tj ET Q q 0 0 0 rg BT 325.04 230.40 Td (brand ) Tj ET Q q 0 0 0 rg BT 345.07 230.40 Td (strength ) Tj ET Q q 0 0 0 rg BT 372.66 230.40 Td (and ) Tj ET Q q 0 0 0 rg BT 386.02 230.40 Td (popular ) Tj ET Q q 0 0 0 rg BT 412.28 230.40 Td (local ) Tj ET Q q 0 0 0 rg BT 429.64 230.40 Td (content. ) Tj ET Q q 0 0 0 rg BT 457.00 230.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 471.26 230.40 Td (sales ) Tj ET Q q 0 0 0 rg BT 488.62 230.40 Td (strategy ) Tj ET Q q 0 0 0 rg BT 515.76 230.40 Td (is ) Tj ET Q q 0 0 0 rg BT 522.92 230.40 Td (to ) Tj ET Q q 0 0 0 rg BT 530.95 230.40 Td (maximize ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 220.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.49 220.80 Td (monetization ) Tj ET Q q 0 0 0 rg BT 105.48 220.80 Td (of ) Tj ET Q q 0 0 0 rg BT 114.36 220.80 Td (our ) Tj ET Q q 0 0 0 rg BT 127.24 220.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 165.01 220.80 Td (time ) Tj ET Q q 0 0 0 rg BT 181.45 220.80 Td (by ) Tj ET Q q 0 0 0 rg BT 191.66 220.80 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 227.64 220.80 Td (our ) Tj ET Q q 0 0 0 rg BT 240.53 220.80 Td (high ) Tj ET Q q 0 0 0 rg BT 256.97 220.80 Td (brand ) Tj ET Q q 0 0 0 rg BT 277.40 220.80 Td (power ) Tj ET Q q 0 0 0 rg BT 299.61 220.80 Td (and ) Tj ET Q q 0 0 0 rg BT 313.38 220.80 Td (applying ) Tj ET Q q 0 0 0 rg BT 343.60 220.80 Td (an ) Tj ET Q q 0 0 0 rg BT 353.37 220.80 Td (optimal ) Tj ET Q q 0 0 0 rg BT 380.03 220.80 Td (mix ) Tj ET Q q 0 0 0 rg BT 394.69 220.80 Td (of ) Tj ET Q q 0 0 0 rg BT 403.57 220.80 Td (pricing ) Tj ET Q q 0 0 0 rg BT 428.45 220.80 Td (and ) Tj ET Q q 0 0 0 rg BT 442.22 220.80 Td (sell-out ) Tj ET Q q 0 0 0 rg BT 468.44 220.80 Td (rate. ) Tj ET Q q 0 0 0 rg BT 484.48 220.80 Td (The ) Tj ET Q q 0 0 0 rg BT 499.14 220.80 Td (ef) Tj ET Q q 0 0 0 rg BT 505.21 220.80 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 542.97 220.80 Td (of ) Tj ET Q q 0 0 0 rg BT 551.85 220.80 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 211.20 Td (sales ) Tj ET Q q 0 0 0 rg BT 67.21 211.20 Td (strategy ) Tj ET Q q 0 0 0 rg BT 94.70 211.20 Td (is ) Tj ET Q q 0 0 0 rg BT 102.20 211.20 Td (measured ) Tj ET Q q 0 0 0 rg BT 135.02 211.20 Td (by ) Tj ET Q q 0 0 0 rg BT 145.18 211.20 Td (our ) Tj ET Q q 0 0 0 rg BT 158.01 211.20 Td (share ) Tj ET Q q 0 0 0 rg BT 177.05 211.20 Td (of ) Tj ET Q q 0 0 0 rg BT 185.88 211.20 Td (the ) Tj ET Q q 0 0 0 rg BT 197.82 211.20 Td (television ) Tj ET Q q 0 0 0 rg BT 231.09 211.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 268.80 211.20 Td (market, ) Tj ET Q q 0 0 0 rg BT 295.18 211.20 Td (which ) Tj ET Q q 0 0 0 rg BT 316.89 211.20 Td (represents ) Tj ET Q q 0 0 0 rg BT 351.48 211.20 Td (the ) Tj ET Q q 0 0 0 rg BT 363.42 211.20 Td (proportion ) Tj ET Q q 0 0 0 rg BT 399.36 211.20 Td (of ) Tj ET Q q 0 0 0 rg BT 408.19 211.20 Td (our ) Tj ET Q q 0 0 0 rg BT 421.02 211.20 Td (television ) Tj ET Q q 0 0 0 rg BT 454.29 211.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 492.00 211.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 522.59 211.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 556.29 211.20 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 201.60 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 201.60 Td (total ) Tj ET Q q 0 0 0 rg BT 77.49 201.60 Td (television ) Tj ET Q q 0 0 0 rg BT 110.60 201.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 148.14 201.60 Td (market. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 186.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 186.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.01 186.00 Td (also ) Tj ET Q q 0 0 0 rg BT 76.95 186.00 Td (generate ) Tj ET Q q 0 0 0 rg BT 106.09 186.00 Td (a ) Tj ET Q q 0 0 0 rg BT 111.69 186.00 Td (growing ) Tj ET Q q 0 0 0 rg BT 140.40 186.00 Td (proportion ) Tj ET Q q 0 0 0 rg BT 176.22 186.00 Td (of ) Tj ET Q q 0 0 0 rg BT 184.94 186.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 215.42 186.00 Td (by ) Tj ET Q q 0 0 0 rg BT 225.47 186.00 Td (collecting ) Tj ET Q q 0 0 0 rg BT 259.06 186.00 Td (carriage ) Tj ET Q q 0 0 0 rg BT 286.86 186.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 301.79 186.00 Td (from ) Tj ET Q q 0 0 0 rg BT 319.39 186.00 Td (cable, ) Tj ET Q q 0 0 0 rg BT 340.32 186.00 Td (satellite ) Tj ET Q q 0 0 0 rg BT 367.25 186.00 Td (and ) Tj ET Q q 0 0 0 rg BT 380.85 186.00 Td (IPTV) Tj ET Q q 0 0 0 rg BT 398.48 186.00 Td ( ) Tj ET Q q 0 0 0 rg BT 400.53 186.00 Td (operators ) Tj ET Q q 0 0 0 rg BT 432.35 186.00 Td (for ) Tj ET Q q 0 0 0 rg BT 443.72 186.00 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 486.65 186.00 Td (our ) Tj ET Q q 0 0 0 rg BT 499.36 186.00 Td (television ) Tj ET Q q 0 0 0 rg BT 532.52 186.00 Td (channels. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 176.40 Td (This ) Tj ET Q q 0 0 0 rg BT 65.72 176.40 Td (fee ) Tj ET Q q 0 0 0 rg BT 77.49 176.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 104.80 176.40 Td (is ) Tj ET Q q 0 0 0 rg BT 112.14 176.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 143.90 176.40 Td (based ) Tj ET Q q 0 0 0 rg BT 164.12 176.40 Td (on ) Tj ET Q q 0 0 0 rg BT 174.12 176.40 Td (the ) Tj ET Q q 0 0 0 rg BT 185.89 176.40 Td (number ) Tj ET Q q 0 0 0 rg BT 212.33 176.40 Td (of ) Tj ET Q q 0 0 0 rg BT 220.99 176.40 Td (subscribers ) Tj ET Q q 0 0 0 rg BT 258.98 176.40 Td (to ) Tj ET Q q 0 0 0 rg BT 267.21 176.40 Td (of) Tj ET Q q 0 0 0 rg BT 273.73 176.40 Td (ferings ) Tj ET Q q 0 0 0 rg BT 297.94 176.40 Td (from ) Tj ET Q q 0 0 0 rg BT 315.49 176.40 Td (these ) Tj ET Q q 0 0 0 rg BT 333.93 176.40 Td (operators ) Tj ET Q q 0 0 0 rg BT 365.70 176.40 Td (that ) Tj ET Q q 0 0 0 rg BT 379.69 176.40 Td (include ) Tj ET Q q 0 0 0 rg BT 405.24 176.40 Td (our ) Tj ET Q q 0 0 0 rg BT 417.90 176.40 Td (channels. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 157.80 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.79 157.80 Td (ogramming) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 142.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.19 142.20 Td (programming ) Tj ET Q q 0 0 0 rg BT 109.99 142.20 Td (strategy ) Tj ET Q q 0 0 0 rg BT 137.57 142.20 Td (in ) Tj ET Q q 0 0 0 rg BT 146.05 142.20 Td (each ) Tj ET Q q 0 0 0 rg BT 162.95 142.20 Td (country ) Tj ET Q q 0 0 0 rg BT 189.64 142.20 Td (is ) Tj ET Q q 0 0 0 rg BT 197.23 142.20 Td (tailored ) Tj ET Q q 0 0 0 rg BT 223.92 142.20 Td (to ) Tj ET Q q 0 0 0 rg BT 232.39 142.20 Td (match ) Tj ET Q q 0 0 0 rg BT 254.19 142.20 Td (the ) Tj ET Q q 0 0 0 rg BT 266.22 142.20 Td (expectations ) Tj ET Q q 0 0 0 rg BT 308.46 142.20 Td (of ) Tj ET Q q 0 0 0 rg BT 317.37 142.20 Td (key ) Tj ET Q q 0 0 0 rg BT 331.18 142.20 Td (audience ) Tj ET Q q 0 0 0 rg BT 361.86 142.20 Td (demographics ) Tj ET Q q 0 0 0 rg BT 408.98 142.20 Td (by ) Tj ET Q q 0 0 0 rg BT 419.24 142.20 Td (scheduling ) Tj ET Q q 0 0 0 rg BT 456.15 142.20 Td (and ) Tj ET Q q 0 0 0 rg BT 469.95 142.20 Td (marketing ) Tj ET Q q 0 0 0 rg BT 504.64 142.20 Td (an ) Tj ET Q q 0 0 0 rg BT 514.44 142.20 Td (optimal ) Tj ET Q q 0 0 0 rg BT 541.14 142.20 Td (mix ) Tj ET Q q 0 0 0 rg BT 555.84 142.20 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 132.60 Td (programs ) Tj ET Q q 0 0 0 rg BT 81.85 132.60 Td (in ) Tj ET Q q 0 0 0 rg BT 90.20 132.60 Td (a ) Tj ET Q q 0 0 0 rg BT 95.89 132.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 110.91 132.60 Td (ef) Tj ET Q q 0 0 0 rg BT 116.98 132.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 140.87 132.60 Td (manner) Tj ET Q q 0 0 0 rg BT 164.42 132.60 Td (. ) Tj ET Q q 0 0 0 rg BT 168.40 132.60 Td (The ) Tj ET Q q 0 0 0 rg BT 182.97 132.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 228.65 132.60 Td (that ) Tj ET Q q 0 0 0 rg BT 242.78 132.60 Td (we ) Tj ET Q q 0 0 0 rg BT 254.24 132.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 280.81 132.60 Td (drives ) Tj ET Q q 0 0 0 rg BT 302.49 132.60 Td (our ) Tj ET Q q 0 0 0 rg BT 315.29 132.60 Td (audience ) Tj ET Q q 0 0 0 rg BT 345.85 132.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 367.97 132.60 Td (and ) Tj ET Q q 0 0 0 rg BT 381.65 132.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 405.56 132.60 Td (\(see ) Tj ET Q q 0 0 0 rg BT 420.57 132.60 Td ("Audience ) Tj ET Q q 0 0 0 rg BT 456.62 132.60 Td (Share, ) Tj ET Q q 0 0 0 rg BT 478.97 132.60 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 505.55 132.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.23 132.60 Td (Competition" ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 123.00 Td (below\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 71.71 126.63 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 73.14 123.00 Td (and ) Tj ET Q q 0 0 0 rg BT 86.89 123.00 Td (consists ) Tj ET Q q 0 0 0 rg BT 114.42 123.00 Td (of ) Tj ET Q q 0 0 0 rg BT 123.28 123.00 Td (locally-produced ) Tj ET Q q 0 0 0 rg BT 179.67 123.00 Td (news, ) Tj ET Q q 0 0 0 rg BT 200.31 123.00 Td (current ) Tj ET Q q 0 0 0 rg BT 225.16 123.00 Td (af) Tj ET Q q 0 0 0 rg BT 231.23 123.00 Td (fairs, ) Tj ET Q q 0 0 0 rg BT 249.64 123.00 Td (fiction, ) Tj ET Q q 0 0 0 rg BT 274.72 123.00 Td (and ) Tj ET Q q 0 0 0 rg BT 288.46 123.00 Td (reality ) Tj ET Q q 0 0 0 rg BT 311.09 123.00 Td (and ) Tj ET Q q 0 0 0 rg BT 324.84 123.00 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 371.01 123.00 Td (shows ) Tj ET Q q 0 0 0 rg BT 393.21 123.00 Td (as ) Tj ET Q q 0 0 0 rg BT 402.07 123.00 Td (well ) Tj ET Q q 0 0 0 rg BT 418.04 123.00 Td (as ) Tj ET Q q 0 0 0 rg BT 426.90 123.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 456.63 123.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 481.93 123.00 Td (movies, ) Tj ET Q q 0 0 0 rg BT 509.24 123.00 Td (series ) Tj ET Q q 0 0 0 rg BT 529.65 123.00 Td (and ) Tj ET Q q 0 0 0 rg BT 543.39 123.00 Td (sports ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 113.40 Td (programming. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 97.80 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 97.80 Td (e ) Tj ET Q q 0 0 0 rg BT 61.93 97.80 Td (focus ) Tj ET Q q 0 0 0 rg BT 81.23 97.80 Td (our ) Tj ET Q q 0 0 0 rg BT 93.86 97.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 139.38 97.80 Td (investments ) Tj ET Q q 0 0 0 rg BT 179.57 97.80 Td (on ) Tj ET Q q 0 0 0 rg BT 189.54 97.80 Td (securing ) Tj ET Q q 0 0 0 rg BT 218.61 97.80 Td (leading ) Tj ET Q q 0 0 0 rg BT 244.13 97.80 Td (audience ) Tj ET Q q 0 0 0 rg BT 274.52 97.80 Td (share ) Tj ET Q q 0 0 0 rg BT 293.37 97.80 Td (positions ) Tj ET Q q 0 0 0 rg BT 324.23 97.80 Td (during ) Tj ET Q q 0 0 0 rg BT 347.09 97.80 Td (prime ) Tj ET Q q 0 0 0 rg BT 367.72 97.80 Td (time, ) Tj ET Q q 0 0 0 rg BT 385.91 97.80 Td (where ) Tj ET Q q 0 0 0 rg BT 407.42 97.80 Td (the ) Tj ET Q q 0 0 0 rg BT 419.16 97.80 Td (majority ) Tj ET Q q 0 0 0 rg BT 448.24 97.80 Td (of ) Tj ET Q q 0 0 0 rg BT 456.87 97.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 494.39 97.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 524.79 97.80 Td (are ) Tj ET Q q 0 0 0 rg BT 536.52 97.80 Td (derived, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 88.20 Td (and ) Tj ET Q q 0 0 0 rg BT 62.81 88.20 Td (improving ) Tj ET Q q 0 0 0 rg BT 97.90 88.20 Td (our ) Tj ET Q q 0 0 0 rg BT 110.33 88.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 124.98 88.20 Td (ef) Tj ET Q q 0 0 0 rg BT 131.05 88.20 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 158.57 88.20 Td (through ) Tj ET Q q 0 0 0 rg BT 185.22 88.20 Td (optimizing ) Tj ET Q q 0 0 0 rg BT 221.64 88.20 Td (the ) Tj ET Q q 0 0 0 rg BT 233.18 88.20 Td (programming ) Tj ET Q q 0 0 0 rg BT 278.48 88.20 Td (mix ) Tj ET Q q 0 0 0 rg BT 292.69 88.20 Td (and ) Tj ET Q q 0 0 0 rg BT 306.00 88.20 Td (limiting ) Tj ET Q q 0 0 0 rg BT 333.10 88.20 Td (the ) Tj ET Q q 0 0 0 rg BT 344.63 88.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 359.28 88.20 Td (of ) Tj ET Q q 0 0 0 rg BT 367.70 88.20 Td (programming ) Tj ET Q q 0 0 0 rg BT 413.01 88.20 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 446.76 88.20 Td (of) Tj ET Q q 0 0 0 rg BT 453.28 88.20 Td (f-prime ) Tj ET Q q 0 0 0 rg BT 479.03 88.20 Td (time ) Tj ET Q q 0 0 0 rg BT 495.01 88.20 Td (while ) Tj ET Q q 0 0 0 rg BT 514.54 88.20 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 554.52 88.20 Td (all ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (day ) Tj ET Q q 0 0 0 rg BT 63.05 78.60 Td (audience ) Tj ET Q q 0 0 0 rg BT 93.48 78.60 Td (shares.) Tj ET Q endstream endobj 13 0 obj <>] /Rotate 0 /Contents 14 0 R>> endobj 14 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 723.45 Td (Audience ) Tj ET Q q 0 0 0 rg BT 81.26 723.45 Td (Shar) Tj ET Q q 0 0 0 rg BT 96.08 723.45 Td (e, ) Tj ET Q q 0 0 0 rg BT 103.63 723.45 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 130.07 723.45 Td (and ) Tj ET Q q 0 0 0 rg BT 144.07 723.45 Td (Competition) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 707.85 Td (Audience ) Tj ET Q q 0 0 0 rg BT 82.17 707.85 Td (share ) Tj ET Q q 0 0 0 rg BT 101.07 707.85 Td (represents ) Tj ET Q q 0 0 0 rg BT 135.53 707.85 Td (the ) Tj ET Q q 0 0 0 rg BT 147.32 707.85 Td (viewers ) Tj ET Q q 0 0 0 rg BT 174.22 707.85 Td (watching ) Tj ET Q q 0 0 0 rg BT 205.57 707.85 Td (a ) Tj ET Q q 0 0 0 rg BT 211.14 707.85 Td (channel ) Tj ET Q q 0 0 0 rg BT 238.04 707.85 Td (as ) Tj ET Q q 0 0 0 rg BT 246.72 707.85 Td (a ) Tj ET Q q 0 0 0 rg BT 252.29 707.85 Td (proportion ) Tj ET Q q 0 0 0 rg BT 288.09 707.85 Td (of ) Tj ET Q q 0 0 0 rg BT 296.77 707.85 Td (the ) Tj ET Q q 0 0 0 rg BT 308.57 707.85 Td (total ) Tj ET Q q 0 0 0 rg BT 324.81 707.85 Td (audience ) Tj ET Q q 0 0 0 rg BT 355.26 707.85 Td (watching ) Tj ET Q q 0 0 0 rg BT 386.60 707.85 Td (television ) Tj ET Q q 0 0 0 rg BT 419.73 707.85 Td (at ) Tj ET Q q 0 0 0 rg BT 427.52 707.85 Td (that ) Tj ET Q q 0 0 0 rg BT 441.54 707.85 Td (time. ) Tj ET Q q 0 0 0 rg BT 459.78 707.85 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 486.25 707.85 Td (represent ) Tj ET Q q 0 0 0 rg BT 517.59 707.85 Td (the ) Tj ET Q q 0 0 0 rg BT 529.38 707.85 Td (number ) Tj ET Q q 0 0 0 rg BT 555.84 707.85 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.25 Td (people ) Tj ET Q q 0 0 0 rg BT 73.15 698.25 Td (watching ) Tj ET Q q 0 0 0 rg BT 104.81 698.25 Td (a ) Tj ET Q q 0 0 0 rg BT 110.69 698.25 Td (channel ) Tj ET Q q 0 0 0 rg BT 137.89 698.25 Td (in ) Tj ET Q q 0 0 0 rg BT 146.44 698.25 Td (proportion ) Tj ET Q q 0 0 0 rg BT 182.54 698.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.10 698.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.20 698.25 Td (total ) Tj ET Q q 0 0 0 rg BT 219.75 698.25 Td (population. ) Tj ET Q q 0 0 0 rg BT 257.78 698.25 Td (Audience ) Tj ET Q q 0 0 0 rg BT 290.76 698.25 Td (share ) Tj ET Q q 0 0 0 rg BT 309.97 698.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.85 698.25 Td (ratings ) Tj ET Q q 0 0 0 rg BT 347.95 698.25 Td (information ) Tj ET Q q 0 0 0 rg BT 388.05 698.25 Td (are ) Tj ET Q q 0 0 0 rg BT 400.15 698.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 433.13 698.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.68 698.25 Td (each ) Tj ET Q q 0 0 0 rg BT 458.66 698.25 Td (market ) Tj ET Q q 0 0 0 rg BT 483.20 698.25 Td (by ) Tj ET Q q 0 0 0 rg BT 493.53 698.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 534.96 698.25 Td (agencies ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 688.65 Td (using ) Tj ET Q q 0 0 0 rg BT 69.80 688.65 Td (peoplemeters, ) Tj ET Q q 0 0 0 rg BT 117.41 688.65 Td (which ) Tj ET Q q 0 0 0 rg BT 139.93 688.65 Td (measure ) Tj ET Q q 0 0 0 rg BT 169.55 688.65 Td (audiences ) Tj ET Q q 0 0 0 rg BT 204.05 688.65 Td (for ) Tj ET Q q 0 0 0 rg BT 216.34 688.65 Td (dif) Tj ET Q q 0 0 0 rg BT 225.09 688.65 Td (ferent ) Tj ET Q q 0 0 0 rg BT 246.70 688.65 Td (demographics ) Tj ET Q q 0 0 0 rg BT 294.54 688.65 Td (and ) Tj ET Q q 0 0 0 rg BT 309.06 688.65 Td (subgeographies ) Tj ET Q q 0 0 0 rg BT 361.79 688.65 Td (of ) Tj ET Q q 0 0 0 rg BT 371.42 688.65 Td (the ) Tj ET Q q 0 0 0 rg BT 384.16 688.65 Td (population ) Tj ET Q q 0 0 0 rg BT 421.34 688.65 Td (throughout ) Tj ET Q q 0 0 0 rg BT 459.41 688.65 Td (the ) Tj ET Q q 0 0 0 rg BT 472.15 688.65 Td (day) Tj ET Q q 0 0 0 rg BT 483.18 688.65 Td (. ) Tj ET Q q 0 0 0 rg BT 488.15 688.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 503.55 688.65 Td (channels ) Tj ET Q q 0 0 0 rg BT 534.51 688.65 Td (schedule ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 679.05 Td (programming ) Tj ET Q q 0 0 0 rg BT 95.42 679.05 Td (intended ) Tj ET Q q 0 0 0 rg BT 125.34 679.05 Td (to ) Tj ET Q q 0 0 0 rg BT 133.94 679.05 Td (attract ) Tj ET Q q 0 0 0 rg BT 156.30 679.05 Td (audiences ) Tj ET Q q 0 0 0 rg BT 190.21 679.05 Td (within ) Tj ET Q q 0 0 0 rg BT 213.03 679.05 Td (specific ) Tj ET Q q 0 0 0 rg BT 240.28 679.05 Td (tar) Tj ET Q q 0 0 0 rg BT 248.57 679.05 Td (get ) Tj ET Q q 0 0 0 rg BT 260.72 679.05 Td (demographics ) Tj ET Q q 0 0 0 rg BT 307.97 679.05 Td (that ) Tj ET Q q 0 0 0 rg BT 322.34 679.05 Td (we ) Tj ET Q q 0 0 0 rg BT 334.04 679.05 Td (believe ) Tj ET Q q 0 0 0 rg BT 359.51 679.05 Td (will ) Tj ET Q q 0 0 0 rg BT 374.33 679.05 Td (be ) Tj ET Q q 0 0 0 rg BT 384.26 679.05 Td (attractive ) Tj ET Q q 0 0 0 rg BT 416.39 679.05 Td (to ) Tj ET Q q 0 0 0 rg BT 424.98 679.05 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 462.01 679.05 Td (and ) Tj ET Q q 0 0 0 rg BT 475.94 679.05 Td (television ) Tj ET Q q 0 0 0 rg BT 509.42 679.05 Td (distributors. ) Tj ET Q q 0 0 0 rg BT 550.06 679.05 Td (The ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 669.45 Td (tables ) Tj ET Q q 0 0 0 rg BT 70.30 669.45 Td (below ) Tj ET Q q 0 0 0 rg BT 91.99 669.45 Td (provide ) Tj ET Q q 0 0 0 rg BT 118.57 669.45 Td (a ) Tj ET Q q 0 0 0 rg BT 124.26 669.45 Td (comparison ) Tj ET Q q 0 0 0 rg BT 163.72 669.45 Td (of ) Tj ET Q q 0 0 0 rg BT 172.53 669.45 Td (all ) Tj ET Q q 0 0 0 rg BT 182.66 669.45 Td (day ) Tj ET Q q 0 0 0 rg BT 196.35 669.45 Td (and ) Tj ET Q q 0 0 0 rg BT 210.04 669.45 Td (prime ) Tj ET Q q 0 0 0 rg BT 230.84 669.45 Td (time ) Tj ET Q q 0 0 0 rg BT 247.20 669.45 Td (audience ) Tj ET Q q 0 0 0 rg BT 277.77 669.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 299.90 669.45 Td (for ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.37 669.45 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.37 669.45 Td ( ) Tj ET Q q 0 0 0 rg BT 329.50 669.45 Td (in ) Tj ET Q q 0 0 0 rg BT 337.87 669.45 Td (the ) Tj ET Q q 0 0 0 rg BT 349.78 669.45 Td (tar) Tj ET Q q 0 0 0 rg BT 358.07 669.45 Td (get ) Tj ET Q q 0 0 0 rg BT 369.99 669.45 Td (demographic ) Tj ET Q q 0 0 0 rg BT 413.89 669.45 Td (of ) Tj ET Q q 0 0 0 rg BT 422.69 669.45 Td (each ) Tj ET Q q 0 0 0 rg BT 439.48 669.45 Td (of ) Tj ET Q q 0 0 0 rg BT 448.29 669.45 Td (our ) Tj ET Q q 0 0 0 rg BT 461.09 669.45 Td (leading ) Tj ET Q q 0 0 0 rg BT 486.78 669.45 Td (channels ) Tj ET Q q 0 0 0 rg BT 516.91 669.45 Td (to ) Tj ET Q q 0 0 0 rg BT 525.27 669.45 Td (the ) Tj ET Q q 0 0 0 rg BT 537.18 669.45 Td (primary ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 659.85 Td (channels ) Tj ET Q q 0 0 0 rg BT 79.49 659.85 Td (of ) Tj ET Q q 0 0 0 rg BT 88.15 659.85 Td (our ) Tj ET Q q 0 0 0 rg BT 100.82 659.85 Td (main ) Tj ET Q q 0 0 0 rg BT 118.81 659.85 Td (competitors.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (Bulgaria) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 625.65 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 625.65 Td (e ) Tj ET Q q 0 0 0 rg BT 61.96 625.65 Td (operate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.50 625.65 Td (one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.05 625.65 Td ( ) Tj ET Q q 0 0 0 rg BT 101.05 625.65 Td (general ) Tj ET Q q 0 0 0 rg BT 126.59 625.65 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 172.57 625.65 Td (channel, ) Tj ET Q q 0 0 0 rg BT 201.45 625.65 Td (BTV) Tj ET Q q 0 0 0 rg BT 216.41 625.65 Td (, ) Tj ET Q q 0 0 0 rg BT 220.41 625.65 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.96 625.65 Td (five) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.40 625.65 Td ( ) Tj ET Q q 0 0 0 rg BT 248.40 625.65 Td (other ) Tj ET Q q 0 0 0 rg BT 266.84 625.65 Td (channels, ) Tj ET Q q 0 0 0 rg BT 298.83 625.65 Td (BTV) Tj ET Q q 0 0 0 rg BT 314.68 625.65 Td ( ) Tj ET Q q 0 0 0 rg BT 316.68 625.65 Td (CINEMA, ) Tj ET Q q 0 0 0 rg BT 352.24 625.65 Td (BTV) Tj ET Q q 0 0 0 rg BT 368.09 625.65 Td ( ) Tj ET Q q 0 0 0 rg BT 370.09 625.65 Td (COMEDY) Tj ET Q q 0 0 0 rg BT 403.73 625.65 Td (, ) Tj ET Q q 0 0 0 rg BT 407.73 625.65 Td (BTV) Tj ET Q q 0 0 0 rg BT 423.59 625.65 Td ( ) Tj ET Q q 0 0 0 rg BT 425.14 625.65 Td (ACTION, ) Tj ET Q q 0 0 0 rg BT 459.36 625.65 Td (BTV) Tj ET Q q 0 0 0 rg BT 475.22 625.65 Td ( ) Tj ET Q q 0 0 0 rg BT 477.22 625.65 Td (LADY) Tj ET Q q 0 0 0 rg BT 499.14 625.65 Td ( ) Tj ET Q q 0 0 0 rg BT 501.14 625.65 Td (and ) Tj ET Q q 0 0 0 rg BT 514.69 625.65 Td (RING. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 589.15 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 589.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 589.15 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 589.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 589.15 91.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 589.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 589.15 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 589.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 589.15 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 589.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 589.15 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 589.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 589.15 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 563.15 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 563.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 563.15 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 563.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 563.15 91.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 563.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 563.15 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 563.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 563.15 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 563.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 563.15 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 563.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 563.15 54.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 615.15 m 129 615.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 602.15 m 129 602.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 129 615.15 m 133 615.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133 615.15 m 235 615.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133 602.15 m 235 602.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 235 615.15 m 239 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gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504 602.15 m 508 602.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 615.15 m 562 615.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 602.15 m 562 602.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 602.15 m 388 602.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 589.15 m 388 589.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 602.15 m 446 602.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 589.15 m 446 589.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 602.15 m 504 602.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 589.15 m 504 589.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 602.15 m 562 602.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 589.15 m 562 589.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 589.15 m 388 589.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 589.15 m 446 589.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 589.15 m 504 589.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 589.15 m 562 589.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 540.15 m 129 540.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 129 540.15 m 133 540.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133 540.15 m 235 540.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 235 540.15 m 239 540.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 239 540.15 m 330 540.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 330 540.15 m 334 540.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 540.15 m 388 540.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388 540.15 m 392 540.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 540.15 m 446 540.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446 540.15 m 450 540.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 540.15 m 504 540.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504 540.15 m 508 540.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 540.15 m 562 540.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.20 606.38 Td (T) Tj ET Q q 0 0 0 rg BT 58.17 606.38 Td (arget Demographic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 169.05 606.38 Td (Channel) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.10 606.38 Td (Ownership) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.75 606.38 Td (All day audience shar) Tj ET Q q 0 0 0 rg BT 424.69 606.38 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.10 606.38 Td (Prime time audience shar) Tj ET Q q 0 0 0 rg BT 547.34 606.38 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.50 593.38 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.50 593.38 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.50 593.38 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 593.38 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.15 580.40 Td (18-49) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 175.30 580.38 Td (BTV) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.65 580.38 Td (CME) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 580.38 Td (29.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 580.38 Td (31.8%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.50 580.38 Td (32.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 580.38 Td (34.8%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 166.45 567.40 Td (NOV) Tj ET Q q 0 0 0 rg BT 183.27 567.40 Td (A) Tj ET Q q 0 0 0 rg BT 188.31 567.40 Td ( ) Tj ET Q q 0 0 0 rg BT 190.01 567.40 Td (TV) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.10 567.40 Td (MTG) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.15 567.40 Td (17.7%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.15 567.40 Td (16.7%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.15 567.40 Td (19.3%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.15 567.40 Td (18.5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.55 554.40 Td (BNT) Tj ET Q q 0 0 0 rg BT 188.48 554.40 Td ( 1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.20 554.40 Td (Public television) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.15 554.40 Td (6.6%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.15 554.40 Td (6.0%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.15 554.40 Td (8.9%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.15 554.40 Td (7.4%) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 525.05 Td (Source: ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.94 525.05 Td (GARB) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 98.16 525.05 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 509.45 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 509.45 Td (combined ) Tj ET Q q 0 0 0 rg BT 97.48 509.45 Td (all ) Tj ET Q q 0 0 0 rg BT 107.48 509.45 Td (day ) Tj ET Q q 0 0 0 rg BT 121.03 509.45 Td (and ) Tj ET Q q 0 0 0 rg BT 134.58 509.45 Td (prime ) Tj ET Q q 0 0 0 rg BT 155.24 509.45 Td (time ) Tj ET Q q 0 0 0 rg BT 171.46 509.45 Td (audience ) Tj ET Q q 0 0 0 rg BT 201.89 509.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 223.88 509.45 Td (of ) Tj ET Q q 0 0 0 rg BT 232.54 509.45 Td (our ) Tj ET Q q 0 0 0 rg BT 245.21 509.45 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 274.75 509.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 310.08 509.45 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.30 509.45 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.30 509.45 Td ( ) Tj ET Q q 0 0 0 rg BT 336.30 509.45 Td (were ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.84 509.45 Td (40.1%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.51 509.45 Td ( ) Tj ET Q q 0 0 0 rg BT 376.51 509.45 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.06 509.45 Td (43.1%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.72 509.45 Td (, ) Tj ET Q q 0 0 0 rg BT 414.72 509.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 452.85 509.45 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 490.85 Td (Czech ) Tj ET Q q 0 0 0 rg BT 71.05 490.85 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 472.25 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 472.25 Td (e ) Tj ET Q q 0 0 0 rg BT 62.42 472.25 Td (operate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 88.42 472.25 Td (one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.97 472.25 Td ( ) Tj ET Q q 0 0 0 rg BT 102.44 472.25 Td (general ) Tj ET Q q 0 0 0 rg BT 128.44 472.25 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 174.88 472.25 Td (channel, ) Tj ET Q q 0 0 0 rg BT 204.04 472.25 Td (TV) Tj ET Q q 0 0 0 rg BT 214.56 472.25 Td ( ) Tj ET Q q 0 0 0 rg BT 217.02 472.25 Td (NOV) Tj ET Q q 0 0 0 rg BT 233.32 472.25 Td (A, ) Tj ET Q q 0 0 0 rg BT 243.56 472.25 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.57 472.25 Td (seven) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.79 472.25 Td ( ) Tj ET Q q 0 0 0 rg BT 278.25 472.25 Td (other ) Tj ET Q q 0 0 0 rg BT 297.15 472.25 Td (channels, ) Tj ET Q q 0 0 0 rg BT 329.60 472.25 Td (NOV) Tj ET Q q 0 0 0 rg BT 345.90 472.25 Td (A) Tj ET Q q 0 0 0 rg BT 351.24 472.25 Td ( ) Tj ET Q q 0 0 0 rg BT 353.70 472.25 Td (2, ) Tj ET Q q 0 0 0 rg BT 362.16 472.25 Td (NOV) Tj ET Q q 0 0 0 rg BT 378.46 472.25 Td (A) Tj ET Q q 0 0 0 rg BT 383.80 472.25 Td ( ) Tj ET Q q 0 0 0 rg BT 386.26 472.25 Td (CINEMA, ) Tj ET Q q 0 0 0 rg BT 422.28 472.25 Td (NOV) Tj ET Q q 0 0 0 rg BT 438.58 472.25 Td (A) Tj ET Q q 0 0 0 rg BT 443.91 472.25 Td ( ) Tj ET Q q 0 0 0 rg BT 446.37 472.25 Td (SPOR) Tj ET Q q 0 0 0 rg BT 465.91 472.25 Td (T) Tj ET Q q 0 0 0 rg BT 470.65 472.25 Td ( ) Tj ET Q q 0 0 0 rg BT 473.11 472.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 481.57 472.25 Td (NOV) Tj ET Q q 0 0 0 rg BT 497.87 472.25 Td (A) Tj ET Q q 0 0 0 rg BT 503.21 472.25 Td ( ) Tj ET Q q 0 0 0 rg BT 505.67 472.25 Td (SPOR) Tj ET Q q 0 0 0 rg BT 525.20 472.25 Td (T) Tj ET Q q 0 0 0 rg BT 529.94 472.25 Td ( ) Tj ET Q q 0 0 0 rg BT 532.41 472.25 Td (2, ) Tj ET Q q 0 0 0 rg BT 540.87 472.25 Td (NOV) Tj ET Q q 0 0 0 rg BT 557.17 472.25 Td (A) Tj ET Q q 0 0 0 rg BT 562.50 472.25 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 462.65 Td (ACTION, ) Tj ET Q q 0 0 0 rg BT 83.72 462.65 Td (NOV) Tj ET Q q 0 0 0 rg BT 100.02 462.65 Td (A) Tj ET Q q 0 0 0 rg BT 105.36 462.65 Td ( ) Tj ET Q q 0 0 0 rg BT 107.36 462.65 Td (GOLD ) Tj ET Q q 0 0 0 rg BT 131.57 462.65 Td (and ) Tj ET Q q 0 0 0 rg BT 145.13 462.65 Td (NOV) Tj ET Q q 0 0 0 rg BT 161.43 462.65 Td (A) Tj ET Q q 0 0 0 rg BT 166.76 462.65 Td ( ) Tj ET Q q 0 0 0 rg BT 168.76 462.65 Td (INTERNA) Tj ET Q q 0 0 0 rg BT 202.98 462.65 Td (TIONAL, ) Tj ET Q q 0 0 0 rg BT 236.75 462.65 Td (a ) Tj ET Q q 0 0 0 rg BT 242.30 462.65 Td (general ) Tj ET Q q 0 0 0 rg BT 267.84 462.65 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 313.82 462.65 Td (channel ) Tj ET Q q 0 0 0 rg BT 340.70 462.65 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 383.57 462.65 Td (in ) Tj ET Q q 0 0 0 rg BT 391.79 462.65 Td (the ) Tj ET Q q 0 0 0 rg BT 403.57 462.65 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 427.79 462.65 Td (Republic.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 426.15 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 426.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 426.15 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 426.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 426.15 91.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 426.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 426.15 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 426.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 426.15 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 426.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 426.15 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 426.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 426.15 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 400.15 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 400.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 400.15 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 400.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 400.15 91.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 400.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 400.15 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 400.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 400.15 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 400.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 400.15 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 400.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 400.15 54.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 452.15 m 129 452.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 439.15 m 129 439.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 129 452.15 m 133 452.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133 452.15 m 235 452.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133 439.15 m 235 439.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 235 452.15 m 239 452.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 239 452.15 m 330 452.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 239 439.15 m 330 439.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 330 452.15 m 334 452.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 452.15 m 388 452.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 439.15 m 388 439.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388 452.15 m 392 452.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388 439.15 m 392 439.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 452.15 m 446 452.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 439.15 m 446 439.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446 452.15 m 450 452.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 452.15 m 504 452.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 439.15 m 504 439.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504 452.15 m 508 452.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504 439.15 m 508 439.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 452.15 m 562 452.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 439.15 m 562 439.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 439.15 m 388 439.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 426.15 m 388 426.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 439.15 m 446 439.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 426.15 m 446 426.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 439.15 m 504 439.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 426.15 m 504 426.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 439.15 m 562 439.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 426.15 m 562 426.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 426.15 m 388 426.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 426.15 m 446 426.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 426.15 m 504 426.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 426.15 m 562 426.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 377.15 m 129 377.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 129 377.15 m 133 377.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133 377.15 m 235 377.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 235 377.15 m 239 377.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 239 377.15 m 330 377.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 330 377.15 m 334 377.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 377.15 m 388 377.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388 377.15 m 392 377.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 377.15 m 446 377.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446 377.15 m 450 377.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 377.15 m 504 377.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504 377.15 m 508 377.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 377.15 m 562 377.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.20 443.38 Td (T) Tj ET Q q 0 0 0 rg BT 58.17 443.38 Td (arget Demographic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 169.05 443.38 Td (Channel) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.10 443.38 Td (Ownership) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.75 443.38 Td (All day audience shar) Tj ET Q q 0 0 0 rg BT 424.69 443.38 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.10 443.38 Td (Prime time audience shar) Tj ET Q q 0 0 0 rg BT 547.34 443.38 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.50 430.38 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.50 430.38 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.50 430.38 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 430.38 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.15 417.40 Td (15-54) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 165.95 417.38 Td (TV) Tj ET Q q 0 0 0 rg BT 176.99 417.38 Td ( NOV) Tj ET Q q 0 0 0 rg BT 196.18 417.38 Td (A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.65 417.38 Td (CME) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 417.38 Td (22.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 417.38 Td (23.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.50 417.38 Td (25.8%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 417.38 Td (27.9%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 173.90 404.40 Td (Prima) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.10 404.40 Td (GME) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.15 404.40 Td (10.8%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.15 404.40 Td (10.7%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.15 404.40 Td (13.1%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.15 404.40 Td (13.5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.45 391.40 Td (CT) Tj ET Q q 0 0 0 rg BT 185.60 391.40 Td ( 1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.20 391.40 Td (Public television) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.15 391.40 Td (12.8%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.15 391.40 Td (12.2%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.15 391.40 Td (15.5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.15 391.40 Td (14.1%) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 362.05 Td (Source: ) Tj ET Q q 0 0 0 rg BT 75.50 362.05 Td (A) Tj ET Q q 0 0 0 rg BT 80.39 362.05 Td (T) Tj ET Q q 0 0 0 rg BT 85.13 362.05 Td (O - Nielsen ) Tj ET Q q 0 0 0 rg BT 123.57 362.05 Td (Admosphere; Mediaresearch) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 346.45 Td (The ) Tj ET Q q 0 0 0 rg BT 64.70 346.45 Td (combined ) Tj ET Q q 0 0 0 rg BT 99.01 346.45 Td (all ) Tj ET Q q 0 0 0 rg BT 109.77 346.45 Td (day ) Tj ET Q q 0 0 0 rg BT 124.09 346.45 Td (and ) Tj ET Q q 0 0 0 rg BT 138.40 346.45 Td (prime ) Tj ET Q q 0 0 0 rg BT 159.82 346.45 Td (time ) Tj ET Q q 0 0 0 rg BT 176.81 346.45 Td (audience ) Tj ET Q q 0 0 0 rg BT 208.00 346.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 230.75 346.45 Td (of ) Tj ET Q q 0 0 0 rg BT 240.18 346.45 Td (our ) Tj ET Q q 0 0 0 rg BT 253.61 346.45 Td (Czech ) Tj ET Q q 0 0 0 rg BT 276.36 346.45 Td (Republic ) Tj ET Q q 0 0 0 rg BT 308.01 346.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 344.09 346.45 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.08 346.45 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.08 346.45 Td (, ) Tj ET Q q 0 0 0 rg BT 373.84 346.45 Td (excluding ) Tj ET Q q 0 0 0 rg BT 408.15 346.45 Td (NOV) Tj ET Q q 0 0 0 rg BT 424.46 346.45 Td (A) Tj ET Q q 0 0 0 rg BT 429.79 346.45 Td ( ) Tj ET Q q 0 0 0 rg BT 432.55 346.45 Td (SPOR) Tj ET Q q 0 0 0 rg BT 452.09 346.45 Td (T) Tj ET Q q 0 0 0 rg BT 456.83 346.45 Td ( ) Tj ET Q q 0 0 0 rg BT 459.59 346.45 Td (1, ) Tj ET Q q 0 0 0 rg BT 468.36 346.45 Td (NOV) Tj ET Q q 0 0 0 rg BT 484.66 346.45 Td (A) Tj ET Q q 0 0 0 rg BT 489.99 346.45 Td ( ) Tj ET Q q 0 0 0 rg BT 492.76 346.45 Td (SPOR) Tj ET Q q 0 0 0 rg BT 512.29 346.45 Td (T) Tj ET Q q 0 0 0 rg BT 517.03 346.45 Td ( ) Tj ET Q q 0 0 0 rg BT 519.79 346.45 Td (2 ) Tj ET Q q 0 0 0 rg BT 526.56 346.45 Td (and ) Tj ET Q q 0 0 0 rg BT 540.87 346.45 Td (NOV) Tj ET Q q 0 0 0 rg BT 557.17 346.45 Td (A) Tj ET Q q 0 0 0 rg BT 562.51 346.45 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 336.85 Td (INTERNA) Tj ET Q q 0 0 0 rg BT 83.72 336.85 Td (TIONAL, ) Tj ET Q q 0 0 0 rg BT 117.49 336.85 Td (were ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.03 336.85 Td (35.3%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 155.70 336.85 Td ( ) Tj ET Q q 0 0 0 rg BT 157.70 336.85 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 171.25 336.85 Td (36.7%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.91 336.85 Td (, ) Tj ET Q q 0 0 0 rg BT 195.91 336.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 234.04 336.85 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 318.25 Td (Romania) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 302.65 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 302.65 Td (e ) Tj ET Q q 0 0 0 rg BT 61.96 302.65 Td (operate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.51 302.65 Td (one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.06 302.65 Td ( ) Tj ET Q q 0 0 0 rg BT 101.06 302.65 Td (general ) Tj ET Q q 0 0 0 rg BT 126.61 302.65 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 172.59 302.65 Td (channel, ) Tj ET Q q 0 0 0 rg BT 201.47 302.65 Td (PRO ) Tj ET Q q 0 0 0 rg BT 218.89 302.65 Td (TV) Tj ET Q q 0 0 0 rg BT 228.52 302.65 Td (, ) Tj ET Q q 0 0 0 rg BT 232.53 302.65 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.08 302.65 Td (seven) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.30 302.65 Td ( ) Tj ET Q q 0 0 0 rg BT 266.30 302.65 Td (other ) Tj ET Q q 0 0 0 rg BT 284.74 302.65 Td (channels, ) Tj ET Q q 0 0 0 rg BT 316.73 302.65 Td (PRO ) Tj ET Q q 0 0 0 rg BT 334.30 302.65 Td (2, ) Tj ET Q q 0 0 0 rg BT 342.30 302.65 Td (PRO ) Tj ET Q q 0 0 0 rg BT 359.87 302.65 Td (X, ) Tj ET Q q 0 0 0 rg BT 369.65 302.65 Td (PRO ) Tj ET Q q 0 0 0 rg BT 387.22 302.65 Td (GOLD, ) Tj ET Q q 0 0 0 rg BT 413.44 302.65 Td (PRO ) Tj ET Q q 0 0 0 rg BT 431.01 302.65 Td (CINEMA, ) Tj ET Q q 0 0 0 rg BT 466.57 302.65 Td (PRO ) Tj ET Q q 0 0 0 rg BT 483.99 302.65 Td (TV) Tj ET Q q 0 0 0 rg BT 494.51 302.65 Td ( ) Tj ET Q q 0 0 0 rg BT 496.51 302.65 Td (INTERNA) Tj ET Q q 0 0 0 rg BT 530.73 302.65 Td (TIONAL, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 293.05 Td (MTV) Tj ET Q q 0 0 0 rg BT 67.13 293.05 Td ( ) Tj ET Q q 0 0 0 rg BT 69.13 293.05 Td (ROMANIA, ) Tj ET Q q 0 0 0 rg BT 111.36 293.05 Td (as ) Tj ET Q q 0 0 0 rg BT 120.02 293.05 Td (well ) Tj ET Q q 0 0 0 rg BT 135.79 293.05 Td (as ) Tj ET Q q 0 0 0 rg BT 144.46 293.05 Td (PRO ) Tj ET Q q 0 0 0 rg BT 161.88 293.05 Td (TV) Tj ET Q q 0 0 0 rg BT 172.39 293.05 Td ( ) Tj ET Q q 0 0 0 rg BT 174.39 293.05 Td (CHISINAU, ) Tj ET Q q 0 0 0 rg BT 216.62 293.05 Td (a ) Tj ET Q q 0 0 0 rg BT 222.17 293.05 Td (general ) Tj ET Q q 0 0 0 rg BT 247.71 293.05 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 293.69 293.05 Td (channel ) Tj ET Q q 0 0 0 rg BT 320.56 293.05 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 363.44 293.05 Td (in ) Tj ET Q q 0 0 0 rg BT 371.66 293.05 Td (Moldova.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 256.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 256.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 256.55 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 256.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 256.55 91.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 256.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 256.55 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 256.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 256.55 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 256.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 256.55 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 256.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 256.55 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 230.55 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 230.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 230.55 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 230.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 230.55 91.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 230.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 230.55 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 230.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 230.55 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 230.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 230.55 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 230.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 230.55 54.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 282.54999999999995 m 129 282.54999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 269.54999999999995 m 129 269.54999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 129 282.54999999999995 m 133 282.54999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133 282.54999999999995 m 235 282.54999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133 269.54999999999995 m 235 269.54999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 235 282.54999999999995 m 239 282.54999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 239 282.54999999999995 m 330 282.54999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 239 269.54999999999995 m 330 269.54999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 330 282.54999999999995 m 334 282.54999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 282.54999999999995 m 388 282.54999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 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8.00 Tf ET q 0 0 0 rg BT 351.15 634.00 Td (13.9%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.15 634.00 Td (16.5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.15 634.00 Td (17.7%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.15 634.00 Td (20.2%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 170.25 621.00 Td (Jednotka) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.20 621.00 Td (Public ) Tj ET Q q 0 0 0 rg BT 279.50 621.00 Td (T) Tj ET Q q 0 0 0 rg BT 283.83 621.00 Td (elevision) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.15 621.00 Td (8.4%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.15 621.00 Td (8.6%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.15 621.00 Td (10.2%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.15 621.00 Td (10.8%) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 591.65 Td (Source: ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.94 591.65 Td (PMT/ ) Tj ET Q q 0 0 0 rg BT 96.46 591.65 Td (TNS ) Tj ET Q q 0 0 0 rg BT 113.58 591.65 Td (SK) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 576.05 Td (The ) Tj ET Q q 0 0 0 rg BT 64.25 576.05 Td (combined ) Tj ET Q q 0 0 0 rg BT 98.10 576.05 Td (all ) Tj ET Q q 0 0 0 rg BT 108.40 576.05 Td (day ) Tj ET Q q 0 0 0 rg BT 122.26 576.05 Td (and ) Tj ET Q q 0 0 0 rg BT 136.12 576.05 Td (prime ) Tj ET Q q 0 0 0 rg BT 157.09 576.05 Td (time ) Tj ET Q q 0 0 0 rg BT 173.61 576.05 Td (audience ) Tj ET Q q 0 0 0 rg BT 204.35 576.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 226.65 576.05 Td (of ) Tj ET Q q 0 0 0 rg BT 235.62 576.05 Td (our ) Tj ET Q q 0 0 0 rg BT 248.59 576.05 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 273.12 576.05 Td (Republic ) Tj ET Q q 0 0 0 rg BT 304.31 576.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 339.94 576.05 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.47 576.05 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.47 576.05 Td (, ) Tj ET Q q 0 0 0 rg BT 368.78 576.05 Td (excluding ) Tj ET Q q 0 0 0 rg BT 402.64 576.05 Td (MARKIZA) Tj ET Q q 0 0 0 rg BT 439.53 576.05 Td ( ) Tj ET Q q 0 0 0 rg BT 441.83 576.05 Td (INTERNA) Tj ET Q q 0 0 0 rg BT 476.05 576.05 Td (TIONAL, ) Tj ET Q q 0 0 0 rg BT 510.13 576.05 Td (were ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.98 576.05 Td (28.5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.64 576.05 Td ( ) Tj ET Q q 0 0 0 rg BT 550.95 576.05 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 566.45 Td (29.5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.16 566.45 Td (, ) Tj ET Q q 0 0 0 rg BT 74.16 566.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 112.29 566.45 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 547.85 Td (Slovenia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 532.25 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 532.25 Td (e ) Tj ET Q q 0 0 0 rg BT 61.96 532.25 Td (operate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.50 532.25 Td (two) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 532.25 Td ( ) Tj ET Q q 0 0 0 rg BT 101.50 532.25 Td (general ) Tj ET Q q 0 0 0 rg BT 127.04 532.25 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 173.02 532.25 Td (channels, ) Tj ET Q q 0 0 0 rg BT 205.01 532.25 Td (POP) Tj ET Q q 0 0 0 rg BT 219.39 532.25 Td ( ) Tj ET Q q 0 0 0 rg BT 221.24 532.25 Td (TV) Tj ET Q q 0 0 0 rg BT 231.76 532.25 Td ( ) Tj ET Q q 0 0 0 rg BT 233.76 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.31 532.25 Td (KANAL) Tj ET Q q 0 0 0 rg BT 275.01 532.25 Td ( ) Tj ET Q q 0 0 0 rg BT 276.57 532.25 Td (A, ) Tj ET Q q 0 0 0 rg BT 286.35 532.25 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.90 532.25 Td (three) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.89 532.25 Td ( ) Tj ET Q q 0 0 0 rg BT 317.89 532.25 Td (other ) Tj ET Q q 0 0 0 rg BT 336.32 532.25 Td (channels, ) Tj ET Q q 0 0 0 rg BT 368.31 532.25 Td (KINO, ) Tj ET Q q 0 0 0 rg BT 392.31 532.25 Td (BRIO ) Tj ET Q q 0 0 0 rg BT 413.42 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.97 532.25 Td (OT) Tj ET Q q 0 0 0 rg BT 437.49 532.25 Td (O.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 495.75 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 495.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 495.75 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 495.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 495.75 91.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 495.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 495.75 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 495.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 495.75 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 495.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 495.75 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 495.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 495.75 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 469.75 80.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 469.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 469.75 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 469.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 469.75 91.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 469.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 469.75 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 469.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 469.75 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 469.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 469.75 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 469.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 469.75 54.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 521.75 m 129 521.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 508.75 m 129 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 129 521.75 m 133 521.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133 521.75 m 235 521.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133 508.75 m 235 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 235 521.75 m 239 521.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 239 521.75 m 330 521.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 239 508.75 m 330 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 330 521.75 m 334 521.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 521.75 m 388 521.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 508.75 m 388 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388 521.75 m 392 521.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388 508.75 m 392 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 521.75 m 446 521.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 508.75 m 446 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446 521.75 m 450 521.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 521.75 m 504 521.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 508.75 m 504 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504 521.75 m 508 521.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504 508.75 m 508 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 521.75 m 562 521.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 508.75 m 562 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 508.75 m 388 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 495.75 m 388 495.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388 508.75 m 392 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 508.75 m 446 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 495.75 m 446 495.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 508.75 m 504 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 495.75 m 504 495.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504 508.75 m 508 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 508.75 m 562 508.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 495.75 m 562 495.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 495.75 m 388 495.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 495.75 m 446 495.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 495.75 m 504 495.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 495.75 m 562 495.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 446.75 m 129 446.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 129 446.75 m 133 446.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133 446.75 m 235 446.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 235 446.75 m 239 446.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 239 446.75 m 330 446.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 330 446.75 m 334 446.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 446.75 m 388 446.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388 446.75 m 392 446.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 446.75 m 446 446.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446 446.75 m 450 446.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 446.75 m 504 446.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504 446.75 m 508 446.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508 446.75 m 562 446.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.20 512.98 Td (T) Tj ET Q q 0 0 0 rg BT 58.17 512.98 Td (arget Demographic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 169.05 512.98 Td (Channel) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.10 512.98 Td (Ownership) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.75 512.98 Td (All day audience shar) Tj ET Q q 0 0 0 rg BT 424.69 512.98 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.10 512.98 Td (Prime time audience shar) Tj ET Q q 0 0 0 rg BT 547.34 512.98 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.50 499.98 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.50 499.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.50 499.98 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 499.98 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.15 487.00 Td (18-54) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 169.30 486.98 Td (POP) Tj ET Q q 0 0 0 rg BT 185.08 486.98 Td ( ) Tj ET Q q 0 0 0 rg BT 186.78 486.98 Td (TV) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.65 486.98 Td (CME) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 486.98 Td (21.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 486.98 Td (21.6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.50 486.98 Td (32.8%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 486.98 Td (32.6%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 474.00 Td (Planet ) Tj ET Q q 0 0 0 rg BT 189.22 474.00 Td (TV) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.70 474.00 Td (Antenna Group / ) Tj ET Q q 0 0 0 rg BT 297.39 474.00 Td (TSmedia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.15 474.00 Td (5.4%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.15 474.00 Td (7.1%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.15 474.00 Td (6.8%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.15 474.00 Td (9.5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.90 461.00 Td (SLO 1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.20 461.00 Td (Public ) Tj ET Q q 0 0 0 rg BT 278.50 461.00 Td (T) Tj ET Q q 0 0 0 rg BT 282.83 461.00 Td (elevision) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.15 461.00 Td (9.1%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.15 461.00 Td (9.9%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.15 461.00 Td (9.9%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.15 461.00 Td (10.5%) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 431.65 Td (Source: ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 431.65 Td (AGB ) Tj ET Q q 0 0 0 rg BT 94.39 431.65 Td (Nielsen ) Tj ET Q q 0 0 0 rg BT 120.82 431.65 Td (Media ) Tj ET Q q 0 0 0 rg BT 143.26 431.65 Td (Research) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.58 431.65 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 416.05 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 416.05 Td (combined ) Tj ET Q q 0 0 0 rg BT 97.48 416.05 Td (all ) Tj ET Q q 0 0 0 rg BT 107.48 416.05 Td (day ) Tj ET Q q 0 0 0 rg BT 121.03 416.05 Td (and ) Tj ET Q q 0 0 0 rg BT 134.58 416.05 Td (prime ) Tj ET Q q 0 0 0 rg BT 155.24 416.05 Td (time ) Tj ET Q q 0 0 0 rg BT 171.46 416.05 Td (audience ) Tj ET Q q 0 0 0 rg BT 201.89 416.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 223.88 416.05 Td (of ) Tj ET Q q 0 0 0 rg BT 232.54 416.05 Td (our ) Tj ET Q q 0 0 0 rg BT 245.21 416.05 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 275.20 416.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 310.53 416.05 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.75 416.05 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.75 416.05 Td ( ) Tj ET Q q 0 0 0 rg BT 336.75 416.05 Td (were ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.29 416.05 Td (38.8%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.96 416.05 Td ( ) Tj ET Q q 0 0 0 rg BT 376.96 416.05 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.51 416.05 Td (49.6%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.17 416.05 Td (, ) Tj ET Q q 0 0 0 rg BT 415.17 416.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 453.30 416.05 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 400.45 Td (Seasonality) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 384.85 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 384.85 Td (e ) Tj ET Q q 0 0 0 rg BT 61.62 384.85 Td (experience ) Tj ET Q q 0 0 0 rg BT 97.92 384.85 Td (seasonality) Tj ET Q q 0 0 0 rg BT 132.95 384.85 Td (, ) Tj ET Q q 0 0 0 rg BT 136.60 384.85 Td (with ) Tj ET Q q 0 0 0 rg BT 152.48 384.85 Td (advertising ) Tj ET Q q 0 0 0 rg BT 189.69 384.85 Td (sales ) Tj ET Q q 0 0 0 rg BT 206.90 384.85 Td (tending ) Tj ET Q q 0 0 0 rg BT 232.55 384.85 Td (to ) Tj ET Q q 0 0 0 rg BT 240.43 384.85 Td (be ) Tj ET Q q 0 0 0 rg BT 249.64 384.85 Td (highest ) Tj ET Q q 0 0 0 rg BT 274.41 384.85 Td (during ) Tj ET Q q 0 0 0 rg BT 296.96 384.85 Td (the ) Tj ET Q q 0 0 0 rg BT 308.39 384.85 Td (fourth ) Tj ET Q q 0 0 0 rg BT 329.60 384.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 353.91 384.85 Td (of ) Tj ET Q q 0 0 0 rg BT 362.23 384.85 Td (each ) Tj ET Q q 0 0 0 rg BT 378.54 384.85 Td (calendar ) Tj ET Q q 0 0 0 rg BT 407.29 384.85 Td (year ) Tj ET Q q 0 0 0 rg BT 422.71 384.85 Td (due ) Tj ET Q q 0 0 0 rg BT 435.92 384.85 Td (to ) Tj ET Q q 0 0 0 rg BT 443.80 384.85 Td (the ) Tj ET Q q 0 0 0 rg BT 455.23 384.85 Td (holiday ) Tj ET Q q 0 0 0 rg BT 480.89 384.85 Td (season, ) Tj ET Q q 0 0 0 rg BT 505.87 384.85 Td (and ) Tj ET Q q 0 0 0 rg BT 519.08 384.85 Td (lowest ) Tj ET Q q 0 0 0 rg BT 541.63 384.85 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 375.25 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 375.25 Td (third ) Tj ET Q q 0 0 0 rg BT 78.38 375.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 103.04 375.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.70 375.25 Td (each ) Tj ET Q q 0 0 0 rg BT 128.35 375.25 Td (calendar ) Tj ET Q q 0 0 0 rg BT 157.44 375.25 Td (year ) Tj ET Q q 0 0 0 rg BT 173.21 375.25 Td (due ) Tj ET Q q 0 0 0 rg BT 186.76 375.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.98 375.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.75 375.25 Td (summer ) Tj ET Q q 0 0 0 rg BT 234.53 375.25 Td (vacation ) Tj ET Q q 0 0 0 rg BT 263.63 375.25 Td (period ) Tj ET Q q 0 0 0 rg BT 286.06 375.25 Td (\(typically ) Tj ET Q q 0 0 0 rg BT 318.72 375.25 Td (July ) Tj ET Q q 0 0 0 rg BT 334.05 375.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.16 375.25 Td (August\). ) Tj ET Q q 0 0 0 rg BT 376.94 375.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 391.38 375.25 Td (non-advertising ) Tj ET Q q 0 0 0 rg BT 443.59 375.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 461.14 375.25 Td (are ) Tj ET Q q 0 0 0 rg BT 472.91 375.25 Td (not ) Tj ET Q q 0 0 0 rg BT 485.13 375.25 Td (af) Tj ET Q q 0 0 0 rg BT 491.20 375.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 512.74 375.25 Td (by ) Tj ET Q q 0 0 0 rg BT 522.74 375.25 Td (seasonality) Tj ET Q q 0 0 0 rg BT 557.77 375.25 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 356.65 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 88.84 356.65 Td (of ) Tj ET Q q 0 0 0 rg BT 97.36 356.65 Td (T) Tj ET Q q 0 0 0 rg BT 101.96 356.65 Td (elevision ) Tj ET Q q 0 0 0 rg BT 133.29 356.65 Td (Br) Tj ET Q q 0 0 0 rg BT 142.03 356.65 Td (oadcasting) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 341.05 Td (T) Tj ET Q q 0 0 0 rg BT 53.83 341.05 Td (elevision ) Tj ET Q q 0 0 0 rg BT 84.68 341.05 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 127.52 341.05 Td (in ) Tj ET Q q 0 0 0 rg BT 135.71 341.05 Td (each ) Tj ET Q q 0 0 0 rg BT 152.33 341.05 Td (of ) Tj ET Q q 0 0 0 rg BT 160.96 341.05 Td (the ) Tj ET Q q 0 0 0 rg BT 172.71 341.05 Td (countries ) Tj ET Q q 0 0 0 rg BT 204.00 341.05 Td (in ) Tj ET Q q 0 0 0 rg BT 212.19 341.05 Td (which ) Tj ET Q q 0 0 0 rg BT 233.71 341.05 Td (we ) Tj ET Q q 0 0 0 rg BT 245.00 341.05 Td (operate ) Tj ET Q q 0 0 0 rg BT 270.51 341.05 Td (is ) Tj ET Q q 0 0 0 rg BT 277.81 341.05 Td (regulated ) Tj ET Q q 0 0 0 rg BT 309.54 341.05 Td (by ) Tj ET Q q 0 0 0 rg BT 319.51 341.05 Td (a ) Tj ET Q q 0 0 0 rg BT 325.03 341.05 Td (governmental ) Tj ET Q q 0 0 0 rg BT 370.98 341.05 Td (authority ) Tj ET Q q 0 0 0 rg BT 401.83 341.05 Td (or ) Tj ET Q q 0 0 0 rg BT 410.46 341.05 Td (agency) Tj ET Q q 0 0 0 rg BT 432.60 341.05 Td (. ) Tj ET Q q 0 0 0 rg BT 436.56 341.05 Td (In ) Tj ET Q q 0 0 0 rg BT 445.20 341.05 Td (this ) Tj ET Q q 0 0 0 rg BT 458.72 341.05 Td (report, ) Tj ET Q q 0 0 0 rg BT 481.79 341.05 Td (we ) Tj ET Q q 0 0 0 rg BT 493.09 341.05 Td (refer ) Tj ET Q q 0 0 0 rg BT 510.15 341.05 Td (to ) Tj ET Q q 0 0 0 rg BT 518.34 341.05 Td (such ) Tj ET Q q 0 0 0 rg BT 534.97 341.05 Td (agencies ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 331.45 Td (individually ) Tj ET Q q 0 0 0 rg BT 90.64 331.45 Td (as ) Tj ET Q q 0 0 0 rg BT 99.77 331.45 Td (a ) Tj ET Q q 0 0 0 rg BT 105.79 331.45 Td ("Media ) Tj ET Q q 0 0 0 rg BT 131.97 331.45 Td (Council" ) Tj ET Q q 0 0 0 rg BT 163.04 331.45 Td (and ) Tj ET Q q 0 0 0 rg BT 177.06 331.45 Td (collectively ) Tj ET Q q 0 0 0 rg BT 216.85 331.45 Td (as ) Tj ET Q q 0 0 0 rg BT 225.98 331.45 Td ("Media ) Tj ET Q q 0 0 0 rg BT 252.16 331.45 Td (Councils". ) Tj ET Q q 0 0 0 rg BT 288.34 331.45 Td (Media ) Tj ET Q q 0 0 0 rg BT 311.25 331.45 Td (Councils ) Tj ET Q q 0 0 0 rg BT 342.17 331.45 Td (generally ) Tj ET Q q 0 0 0 rg BT 374.40 331.45 Td (supervise ) Tj ET Q q 0 0 0 rg BT 407.09 331.45 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 449.54 331.45 Td (and ) Tj ET Q q 0 0 0 rg BT 463.56 331.45 Td (their ) Tj ET Q q 0 0 0 rg BT 480.69 331.45 Td (compliance ) Tj ET Q q 0 0 0 rg BT 520.04 331.45 Td (with ) Tj ET Q q 0 0 0 rg BT 536.73 331.45 Td (national ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 321.85 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 92.38 321.85 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 129.70 321.85 Td (as ) Tj ET Q q 0 0 0 rg BT 138.37 321.85 Td (well ) Tj ET Q q 0 0 0 rg BT 154.14 321.85 Td (as ) Tj ET Q q 0 0 0 rg BT 162.80 321.85 Td (control ) Tj ET Q q 0 0 0 rg BT 187.46 321.85 Td (access ) Tj ET Q q 0 0 0 rg BT 209.89 321.85 Td (to ) Tj ET Q q 0 0 0 rg BT 218.12 321.85 Td (the ) Tj ET Q q 0 0 0 rg BT 229.89 321.85 Td (available ) Tj ET Q q 0 0 0 rg BT 260.76 321.85 Td (frequencies ) Tj ET Q q 0 0 0 rg BT 299.63 321.85 Td (through ) Tj ET Q q 0 0 0 rg BT 326.52 321.85 Td (licensing ) Tj ET Q q 0 0 0 rg BT 357.40 321.85 Td (regimes.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 303.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.20 303.25 Td (ogramming ) Tj ET Q q 0 0 0 rg BT 96.09 303.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.95 303.25 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 148.83 303.25 Td (Regulation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 287.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.75 287.65 Td (main ) Tj ET Q q 0 0 0 rg BT 81.55 287.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 113.57 287.65 Td (countries ) Tj ET Q q 0 0 0 rg BT 144.70 287.65 Td (are ) Tj ET Q q 0 0 0 rg BT 156.27 287.65 Td (member ) Tj ET Q q 0 0 0 rg BT 184.29 287.65 Td (states ) Tj ET Q q 0 0 0 rg BT 203.87 287.65 Td (of ) Tj ET Q q 0 0 0 rg BT 212.34 287.65 Td (the ) Tj ET Q q 0 0 0 rg BT 223.92 287.65 Td (EU, ) Tj ET Q q 0 0 0 rg BT 238.39 287.65 Td (and ) Tj ET Q q 0 0 0 rg BT 251.75 287.65 Td (our ) Tj ET Q q 0 0 0 rg BT 264.22 287.65 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 296.68 287.65 Td (operations ) Tj ET Q q 0 0 0 rg BT 331.81 287.65 Td (in ) Tj ET Q q 0 0 0 rg BT 339.84 287.65 Td (such ) Tj ET Q q 0 0 0 rg BT 356.31 287.65 Td (countries ) Tj ET Q q 0 0 0 rg BT 387.44 287.65 Td (are ) Tj ET Q q 0 0 0 rg BT 399.01 287.65 Td (subject ) Tj ET Q q 0 0 0 rg BT 423.48 287.65 Td (to ) Tj ET Q q 0 0 0 rg BT 431.51 287.65 Td (relevant ) Tj ET Q q 0 0 0 rg BT 459.08 287.65 Td (EU ) Tj ET Q q 0 0 0 rg BT 471.55 287.65 Td (legislation ) Tj ET Q q 0 0 0 rg BT 506.68 287.65 Td (relating ) Tj ET Q q 0 0 0 rg BT 532.92 287.65 Td (to ) Tj ET Q q 0 0 0 rg BT 540.95 287.65 Td (media. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 272.05 Td (The ) Tj ET Q q 0 0 0 rg BT 63.49 272.05 Td (EU ) Tj ET Q q 0 0 0 rg BT 75.37 272.05 Td (Audiovisual ) Tj ET Q q 0 0 0 rg BT 116.03 272.05 Td (Media ) Tj ET Q q 0 0 0 rg BT 138.03 272.05 Td (Services ) Tj ET Q q 0 0 0 rg BT 166.69 272.05 Td (Directive ) Tj ET Q q 0 0 0 rg BT 198.00 272.05 Td (\(the ) Tj ET Q q 0 0 0 rg BT 212.00 272.05 Td ("A) Tj ET Q q 0 0 0 rg BT 220.01 272.05 Td (VMS ) Tj ET Q q 0 0 0 rg BT 238.90 272.05 Td (Directive"\), ) Tj ET Q q 0 0 0 rg BT 278.15 272.05 Td (which ) Tj ET Q q 0 0 0 rg BT 299.26 272.05 Td (came ) Tj ET Q q 0 0 0 rg BT 317.69 272.05 Td (into ) Tj ET Q q 0 0 0 rg BT 331.69 272.05 Td (force ) Tj ET Q q 0 0 0 rg BT 349.67 272.05 Td (in ) Tj ET Q q 0 0 0 rg BT 357.45 272.05 Td (March ) Tj ET Q q 0 0 0 rg BT 379.89 272.05 Td (2010, ) Tj ET Q q 0 0 0 rg BT 399.44 272.05 Td (provides ) Tj ET Q q 0 0 0 rg BT 428.55 272.05 Td (the ) Tj ET Q q 0 0 0 rg BT 439.88 272.05 Td (legal ) Tj ET Q q 0 0 0 rg BT 456.98 272.05 Td (framework ) Tj ET Q q 0 0 0 rg BT 493.63 272.05 Td (for ) Tj ET Q q 0 0 0 rg BT 504.51 272.05 Td (audiovisual ) Tj ET Q q 0 0 0 rg BT 542.95 272.05 Td (media ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 262.45 Td (services ) Tj ET Q q 0 0 0 rg BT 77.57 262.45 Td (generally ) Tj ET Q q 0 0 0 rg BT 109.63 262.45 Td (in ) Tj ET Q q 0 0 0 rg BT 118.15 262.45 Td (the ) Tj ET Q q 0 0 0 rg BT 130.23 262.45 Td (EU. ) Tj ET Q q 0 0 0 rg BT 145.19 262.45 Td (On ) Tj ET Q q 0 0 0 rg BT 157.27 262.45 Td (November ) Tj ET Q q 0 0 0 rg BT 193.34 262.45 Td (6, ) Tj ET Q q 0 0 0 rg BT 201.64 262.45 Td (2018, ) Tj ET Q q 0 0 0 rg BT 221.94 262.45 Td (the ) Tj ET Q q 0 0 0 rg BT 234.01 262.45 Td (European ) Tj ET Q q 0 0 0 rg BT 266.96 262.45 Td (Council ) Tj ET Q q 0 0 0 rg BT 294.60 262.45 Td (adopted ) Tj ET Q q 0 0 0 rg BT 322.22 262.45 Td (amendments ) Tj ET Q q 0 0 0 rg BT 364.96 262.45 Td (to ) Tj ET Q q 0 0 0 rg BT 373.48 262.45 Td (the ) Tj ET Q q 0 0 0 rg BT 385.05 262.45 Td (A) Tj ET Q q 0 0 0 rg BT 389.79 262.45 Td (VMS ) Tj ET Q q 0 0 0 rg BT 409.43 262.45 Td (Directive, ) Tj ET Q q 0 0 0 rg BT 443.50 262.45 Td (which ) Tj ET Q q 0 0 0 rg BT 465.35 262.45 Td (formally ) Tj ET Q q 0 0 0 rg BT 495.20 262.45 Td (entered ) Tj ET Q q 0 0 0 rg BT 521.04 262.45 Td (into ) Tj ET Q q 0 0 0 rg BT 535.78 262.45 Td (force ) Tj ET Q q 0 0 0 rg BT 554.51 262.45 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 252.85 Td (December ) Tj ET Q q 0 0 0 rg BT 84.16 252.85 Td (18, ) Tj ET Q q 0 0 0 rg BT 95.95 252.85 Td (2018. ) Tj ET Q q 0 0 0 rg BT 115.73 252.85 Td (European ) Tj ET Q q 0 0 0 rg BT 148.18 252.85 Td (Member ) Tj ET Q q 0 0 0 rg BT 177.07 252.85 Td (States, ) Tj ET Q q 0 0 0 rg BT 199.96 252.85 Td (including ) Tj ET Q q 0 0 0 rg BT 231.97 252.85 Td (the ) Tj ET Q q 0 0 0 rg BT 243.54 252.85 Td (territories ) Tj ET Q q 0 0 0 rg BT 276.42 252.85 Td (in ) Tj ET Q q 0 0 0 rg BT 284.43 252.85 Td (which ) Tj ET Q q 0 0 0 rg BT 305.77 252.85 Td (CME ) Tj ET Q q 0 0 0 rg BT 324.90 252.85 Td (operates, ) Tj ET Q q 0 0 0 rg BT 355.34 252.85 Td (will ) Tj ET Q q 0 0 0 rg BT 369.57 252.85 Td (have ) Tj ET Q q 0 0 0 rg BT 386.46 252.85 Td (until ) Tj ET Q q 0 0 0 rg BT 402.92 252.85 Td (September ) Tj ET Q q 0 0 0 rg BT 438.92 252.85 Td (19, ) Tj ET Q q 0 0 0 rg BT 450.71 252.85 Td (2020, ) Tj ET Q q 0 0 0 rg BT 470.50 252.85 Td (to ) Tj ET Q q 0 0 0 rg BT 478.51 252.85 Td (transpose ) Tj ET Q q 0 0 0 rg BT 510.52 252.85 Td (the ) Tj ET Q q 0 0 0 rg BT 522.08 252.85 Td (amendments ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 243.25 Td (to ) Tj ET Q q 0 0 0 rg BT 58.14 243.25 Td (the ) Tj ET Q q 0 0 0 rg BT 69.79 243.25 Td (A) Tj ET Q q 0 0 0 rg BT 74.54 243.25 Td (VMS ) Tj ET Q q 0 0 0 rg BT 94.29 243.25 Td (Directive ) Tj ET Q q 0 0 0 rg BT 126.46 243.25 Td (into ) Tj ET Q q 0 0 0 rg BT 141.32 243.25 Td (national ) Tj ET Q q 0 0 0 rg BT 169.50 243.25 Td (legislation. ) Tj ET Q q 0 0 0 rg BT 207.07 243.25 Td (The ) Tj ET Q q 0 0 0 rg BT 221.92 243.25 Td (original ) Tj ET Q q 0 0 0 rg BT 248.69 243.25 Td (A) Tj ET Q q 0 0 0 rg BT 253.43 243.25 Td (VMS ) Tj ET Q q 0 0 0 rg BT 273.18 243.25 Td (Directive ) Tj ET Q q 0 0 0 rg BT 305.36 243.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 322.88 243.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 347.51 243.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.14 243.25 Td (force ) Tj ET Q q 0 0 0 rg BT 374.98 243.25 Td (until ) Tj ET Q q 0 0 0 rg BT 392.06 243.25 Td (new ) Tj ET Q q 0 0 0 rg BT 407.81 243.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 443.55 243.25 Td (incorporating ) Tj ET Q q 0 0 0 rg BT 489.06 243.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.24 243.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 544.09 243.25 Td (to ) Tj ET Q q 0 0 0 rg BT 552.73 243.25 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 233.65 Td (A) Tj ET Q q 0 0 0 rg BT 54.25 233.65 Td (VMS ) Tj ET Q q 0 0 0 rg BT 73.72 233.65 Td (Directive ) Tj ET Q q 0 0 0 rg BT 105.62 233.65 Td (\(described ) Tj ET Q q 0 0 0 rg BT 141.07 233.65 Td (below\) ) Tj ET Q q 0 0 0 rg BT 165.42 233.65 Td (are ) Tj ET Q q 0 0 0 rg BT 177.32 233.65 Td (implemented ) Tj ET Q q 0 0 0 rg BT 221.22 233.65 Td (in ) Tj ET Q q 0 0 0 rg BT 229.58 233.65 Td (the ) Tj ET Q q 0 0 0 rg BT 241.48 233.65 Td (countries ) Tj ET Q q 0 0 0 rg BT 272.94 233.65 Td (in ) Tj ET Q q 0 0 0 rg BT 281.30 233.65 Td (which ) Tj ET Q q 0 0 0 rg BT 302.99 233.65 Td (we ) Tj ET Q q 0 0 0 rg BT 314.45 233.65 Td (operate. ) Tj ET Q q 0 0 0 rg BT 341.97 233.65 Td (The ) Tj ET Q q 0 0 0 rg BT 356.07 233.65 Td (A) Tj ET Q q 0 0 0 rg BT 360.82 233.65 Td (VMS ) Tj ET Q q 0 0 0 rg BT 380.29 233.65 Td (Directive ) Tj ET Q q 0 0 0 rg BT 412.19 233.65 Td (covers ) Tj ET Q q 0 0 0 rg BT 435.20 233.65 Td (both ) Tj ET Q q 0 0 0 rg BT 451.56 233.65 Td (linear ) Tj ET Q q 0 0 0 rg BT 471.90 233.65 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 488.48 233.65 Td (broadcasting\) ) Tj ET Q q 0 0 0 rg BT 534.15 233.65 Td (and ) Tj ET Q q 0 0 0 rg BT 547.84 233.65 Td (non-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 224.05 Td (linear ) Tj ET Q q 0 0 0 rg BT 69.75 224.05 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 87.99 224.05 Td (video-on-demand ) Tj ET Q q 0 0 0 rg BT 146.45 224.05 Td (and ) Tj ET Q q 0 0 0 rg BT 160.04 224.05 Td (catch-up\) ) Tj ET Q q 0 0 0 rg BT 192.28 224.05 Td (transmissions ) Tj ET Q q 0 0 0 rg BT 237.87 224.05 Td (of ) Tj ET Q q 0 0 0 rg BT 246.57 224.05 Td (audiovisual ) Tj ET Q q 0 0 0 rg BT 285.48 224.05 Td (media ) Tj ET Q q 0 0 0 rg BT 307.07 224.05 Td (services, ) Tj ET Q q 0 0 0 rg BT 336.87 224.05 Td (with ) Tj ET Q q 0 0 0 rg BT 353.12 224.05 Td (the ) Tj ET Q q 0 0 0 rg BT 364.93 224.05 Td (latter ) Tj ET Q q 0 0 0 rg BT 383.40 224.05 Td (subject ) Tj ET Q q 0 0 0 rg BT 408.09 224.05 Td (to ) Tj ET Q q 0 0 0 rg BT 416.35 224.05 Td (less ) Tj ET Q q 0 0 0 rg BT 430.38 224.05 Td (stringent ) Tj ET Q q 0 0 0 rg BT 460.41 224.05 Td (regulation. ) Tj ET Q q 0 0 0 rg BT 496.43 224.05 Td (Among ) Tj ET Q q 0 0 0 rg BT 522.47 224.05 Td (other ) Tj ET Q q 0 0 0 rg BT 540.94 224.05 Td (things, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 214.45 Td (the ) Tj ET Q q 0 0 0 rg BT 60.66 214.45 Td (A) Tj ET Q q 0 0 0 rg BT 65.41 214.45 Td (VMS ) Tj ET Q q 0 0 0 rg BT 84.53 214.45 Td (Directive ) Tj ET Q q 0 0 0 rg BT 116.08 214.45 Td (requires ) Tj ET Q q 0 0 0 rg BT 143.63 214.45 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 185.39 214.45 Td (to ) Tj ET Q q 0 0 0 rg BT 193.40 214.45 Td (comply ) Tj ET Q q 0 0 0 rg BT 219.17 214.45 Td (with ) Tj ET Q q 0 0 0 rg BT 235.18 214.45 Td (rules ) Tj ET Q q 0 0 0 rg BT 252.51 214.45 Td (related ) Tj ET Q q 0 0 0 rg BT 276.06 214.45 Td (to, ) Tj ET Q q 0 0 0 rg BT 286.07 214.45 Td (but ) Tj ET Q q 0 0 0 rg BT 298.07 214.45 Td (not ) Tj ET Q q 0 0 0 rg BT 310.08 214.45 Td (limited ) Tj ET Q q 0 0 0 rg BT 334.52 214.45 Td (to, ) Tj ET Q q 0 0 0 rg BT 344.53 214.45 Td (program ) Tj ET Q q 0 0 0 rg BT 373.42 214.45 Td (content, ) Tj ET Q q 0 0 0 rg BT 400.75 214.45 Td (advertising ) Tj ET Q q 0 0 0 rg BT 438.08 214.45 Td (content ) Tj ET Q q 0 0 0 rg BT 463.41 214.45 Td (and ) Tj ET Q q 0 0 0 rg BT 476.74 214.45 Td (quotas, ) Tj ET Q q 0 0 0 rg BT 501.41 214.45 Td (product ) Tj ET Q q 0 0 0 rg BT 527.63 214.45 Td (placement, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 204.85 Td (sponsorship, ) Tj ET Q q 0 0 0 rg BT 91.89 204.85 Td (teleshopping, ) Tj ET Q q 0 0 0 rg BT 136.94 204.85 Td (the ) Tj ET Q q 0 0 0 rg BT 148.88 204.85 Td (protection ) Tj ET Q q 0 0 0 rg BT 183.48 204.85 Td (of ) Tj ET Q q 0 0 0 rg BT 192.31 204.85 Td (minors, ) Tj ET Q q 0 0 0 rg BT 218.69 204.85 Td (accessibility ) Tj ET Q q 0 0 0 rg BT 260.40 204.85 Td (by ) Tj ET Q q 0 0 0 rg BT 270.57 204.85 Td (persons ) Tj ET Q q 0 0 0 rg BT 297.17 204.85 Td (with ) Tj ET Q q 0 0 0 rg BT 313.56 204.85 Td (a ) Tj ET Q q 0 0 0 rg BT 319.28 204.85 Td (visual ) Tj ET Q q 0 0 0 rg BT 340.55 204.85 Td (or ) Tj ET Q q 0 0 0 rg BT 349.38 204.85 Td (hearing ) Tj ET Q q 0 0 0 rg BT 375.53 204.85 Td (disability) Tj ET Q q 0 0 0 rg BT 404.79 204.85 Td (, ) Tj ET Q q 0 0 0 rg BT 408.96 204.85 Td (and ) Tj ET Q q 0 0 0 rg BT 422.67 204.85 Td (minimum ) Tj ET Q q 0 0 0 rg BT 455.95 204.85 Td (quotas ) Tj ET Q q 0 0 0 rg BT 479.00 204.85 Td (with ) Tj ET Q q 0 0 0 rg BT 495.39 204.85 Td (respect ) Tj ET Q q 0 0 0 rg BT 520.21 204.85 Td (to ) Tj ET Q q 0 0 0 rg BT 528.59 204.85 Td ("European ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 195.25 Td (works" ) Tj ET Q q 0 0 0 rg BT 74.07 195.25 Td (\(defined ) Tj ET Q q 0 0 0 rg BT 102.47 195.25 Td (as ) Tj ET Q q 0 0 0 rg BT 110.89 195.25 Td (originating ) Tj ET Q q 0 0 0 rg BT 147.74 195.25 Td (from ) Tj ET Q q 0 0 0 rg BT 165.04 195.25 Td (an ) Tj ET Q q 0 0 0 rg BT 174.34 195.25 Td (EU ) Tj ET Q q 0 0 0 rg BT 186.76 195.25 Td (member ) Tj ET Q q 0 0 0 rg BT 214.72 195.25 Td (state ) Tj ET Q q 0 0 0 rg BT 231.13 195.25 Td (or ) Tj ET Q q 0 0 0 rg BT 239.54 195.25 Td (a ) Tj ET Q q 0 0 0 rg BT 244.84 195.25 Td (signatory ) Tj ET Q q 0 0 0 rg BT 276.37 195.25 Td (to ) Tj ET Q q 0 0 0 rg BT 284.34 195.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.86 195.25 Td (Council ) Tj ET Q q 0 0 0 rg BT 322.95 195.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.36 195.25 Td (Europe's ) Tj ET Q q 0 0 0 rg BT 360.77 195.25 Td (Convention ) Tj ET Q q 0 0 0 rg BT 399.85 195.25 Td (on ) Tj ET Q q 0 0 0 rg BT 409.47 195.25 Td (T) Tj ET Q q 0 0 0 rg BT 414.08 195.25 Td (ransfrontier ) Tj ET Q q 0 0 0 rg BT 453.02 195.25 Td (T) Tj ET Q q 0 0 0 rg BT 457.34 195.25 Td (elevision ) Tj ET Q q 0 0 0 rg BT 487.98 195.25 Td (as ) Tj ET Q q 0 0 0 rg BT 496.39 195.25 Td (well ) Tj ET Q q 0 0 0 rg BT 511.92 195.25 Td (as ) Tj ET Q q 0 0 0 rg BT 520.33 195.25 Td (being ) Tj ET Q q 0 0 0 rg BT 539.85 195.25 Td (written ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 185.65 Td (and ) Tj ET Q q 0 0 0 rg BT 62.61 185.65 Td (produced ) Tj ET Q q 0 0 0 rg BT 93.93 185.65 Td (mainly ) Tj ET Q q 0 0 0 rg BT 117.71 185.65 Td (by ) Tj ET Q q 0 0 0 rg BT 127.27 185.65 Td (residents ) Tj ET Q q 0 0 0 rg BT 157.26 185.65 Td (of ) Tj ET Q q 0 0 0 rg BT 165.48 185.65 Td (the ) Tj ET Q q 0 0 0 rg BT 176.81 185.65 Td (EU ) Tj ET Q q 0 0 0 rg BT 189.04 185.65 Td (or ) Tj ET Q q 0 0 0 rg BT 197.26 185.65 Td (Council ) Tj ET Q q 0 0 0 rg BT 224.15 185.65 Td (of ) Tj ET Q q 0 0 0 rg BT 232.37 185.65 Td (Europe ) Tj ET Q q 0 0 0 rg BT 257.03 185.65 Td (member ) Tj ET Q q 0 0 0 rg BT 284.80 185.65 Td (states ) Tj ET Q q 0 0 0 rg BT 304.13 185.65 Td (or ) Tj ET Q q 0 0 0 rg BT 312.35 185.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 341.46 185.65 Td (to ) Tj ET Q q 0 0 0 rg BT 349.24 185.65 Td (co-production ) Tj ET Q q 0 0 0 rg BT 395.67 185.65 Td (agreements ) Tj ET Q q 0 0 0 rg BT 433.65 185.65 Td (between ) Tj ET Q q 0 0 0 rg BT 461.86 185.65 Td (such ) Tj ET Q q 0 0 0 rg BT 478.08 185.65 Td (states ) Tj ET Q q 0 0 0 rg BT 497.42 185.65 Td (and ) Tj ET Q q 0 0 0 rg BT 510.52 185.65 Td (other ) Tj ET Q q 0 0 0 rg BT 528.52 185.65 Td (countries\). ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 176.05 Td (In ) Tj ET Q q 0 0 0 rg BT 57.93 176.05 Td (addition, ) Tj ET Q q 0 0 0 rg BT 87.91 176.05 Td (the ) Tj ET Q q 0 0 0 rg BT 99.06 176.05 Td (A) Tj ET Q q 0 0 0 rg BT 103.81 176.05 Td (VMS ) Tj ET Q q 0 0 0 rg BT 122.91 176.05 Td (Directive ) Tj ET Q q 0 0 0 rg BT 154.44 176.05 Td (requires ) Tj ET Q q 0 0 0 rg BT 181.97 176.05 Td (that ) Tj ET Q q 0 0 0 rg BT 195.73 176.05 Td (at ) Tj ET Q q 0 0 0 rg BT 203.27 176.05 Td (least ) Tj ET Q q 0 0 0 rg BT 219.69 176.05 Td (10% ) Tj ET Q q 0 0 0 rg BT 236.12 176.05 Td (of ) Tj ET Q q 0 0 0 rg BT 244.55 176.05 Td (either ) Tj ET Q q 0 0 0 rg BT 264.52 176.05 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 296.94 176.05 Td (time ) Tj ET Q q 0 0 0 rg BT 312.92 176.05 Td (or ) Tj ET Q q 0 0 0 rg BT 321.35 176.05 Td (programming ) Tj ET Q q 0 0 0 rg BT 366.67 176.05 Td (budget ) Tj ET Q q 0 0 0 rg BT 390.20 176.05 Td (is ) Tj ET Q q 0 0 0 rg BT 397.30 176.05 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 429.72 176.05 Td (to ) Tj ET Q q 0 0 0 rg BT 437.70 176.05 Td (programs ) Tj ET Q q 0 0 0 rg BT 469.68 176.05 Td (made ) Tj ET Q q 0 0 0 rg BT 488.77 176.05 Td (by ) Tj ET Q q 0 0 0 rg BT 498.54 176.05 Td (European ) Tj ET Q q 0 0 0 rg BT 530.95 176.05 Td (producers ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 166.45 Td (who ) Tj ET Q q 0 0 0 rg BT 65.51 166.45 Td (are ) Tj ET Q q 0 0 0 rg BT 77.51 166.45 Td (independent ) Tj ET Q q 0 0 0 rg BT 118.85 166.45 Td (of ) Tj ET Q q 0 0 0 rg BT 127.75 166.45 Td (broadcasters. ) Tj ET Q q 0 0 0 rg BT 171.96 166.45 Td (News, ) Tj ET Q q 0 0 0 rg BT 194.42 166.45 Td (sports, ) Tj ET Q q 0 0 0 rg BT 217.76 166.45 Td (games, ) Tj ET Q q 0 0 0 rg BT 242.44 166.45 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 282.22 166.45 Td (teletext ) Tj ET Q q 0 0 0 rg BT 308.00 166.45 Td (services ) Tj ET Q q 0 0 0 rg BT 336.00 166.45 Td (and ) Tj ET Q q 0 0 0 rg BT 349.79 166.45 Td (teleshopping ) Tj ET Q q 0 0 0 rg BT 392.90 166.45 Td (are ) Tj ET Q q 0 0 0 rg BT 404.90 166.45 Td (excluded ) Tj ET Q q 0 0 0 rg BT 436.01 166.45 Td (from ) Tj ET Q q 0 0 0 rg BT 453.80 166.45 Td (the ) Tj ET Q q 0 0 0 rg BT 465.81 166.45 Td (calculation ) Tj ET Q q 0 0 0 rg BT 503.14 166.45 Td (of ) Tj ET Q q 0 0 0 rg BT 512.04 166.45 Td (these ) Tj ET Q q 0 0 0 rg BT 530.71 166.45 Td (quotas. ) Tj ET Q q 0 0 0 rg BT 555.83 166.45 Td (In ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 156.85 Td (respect ) Tj ET Q q 0 0 0 rg BT 75.07 156.85 Td (of ) Tj ET Q q 0 0 0 rg BT 84.65 156.85 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 125.11 156.85 Td (the ) Tj ET Q q 0 0 0 rg BT 137.15 156.85 Td (A) Tj ET Q q 0 0 0 rg BT 141.90 156.85 Td (VMS ) Tj ET Q q 0 0 0 rg BT 162.15 156.85 Td (Directive ) Tj ET Q q 0 0 0 rg BT 194.83 156.85 Td (currently ) Tj ET Q q 0 0 0 rg BT 226.62 156.85 Td (provides ) Tj ET Q q 0 0 0 rg BT 257.09 156.85 Td (that ) Tj ET Q q 0 0 0 rg BT 272.00 156.85 Td (the ) Tj ET Q q 0 0 0 rg BT 284.69 156.85 Td (proportion ) Tj ET Q q 0 0 0 rg BT 321.38 156.85 Td (of ) Tj ET Q q 0 0 0 rg BT 330.95 156.85 Td (television ) Tj ET Q q 0 0 0 rg BT 364.97 156.85 Td (advertising ) Tj ET Q q 0 0 0 rg BT 403.44 156.85 Td (spots ) Tj ET Q q 0 0 0 rg BT 422.80 156.85 Td (and ) Tj ET Q q 0 0 0 rg BT 437.27 156.85 Td (teleshopping ) Tj ET Q q 0 0 0 rg BT 481.06 156.85 Td (spots ) Tj ET Q q 0 0 0 rg BT 500.43 156.85 Td (within ) Tj ET Q q 0 0 0 rg BT 523.79 156.85 Td (any ) Tj ET Q q 0 0 0 rg BT 538.25 156.85 Td (hour ) Tj ET Q q 0 0 0 rg BT 555.83 156.85 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 147.25 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 93.25 147.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 111.23 147.25 Td (not ) Tj ET Q q 0 0 0 rg BT 124.33 147.25 Td (exceed ) Tj ET Q q 0 0 0 rg BT 149.41 147.25 Td (20% ) Tj ET Q q 0 0 0 rg BT 166.74 147.25 Td (The ) Tj ET Q q 0 0 0 rg BT 182.05 147.25 Td (current ) Tj ET Q q 0 0 0 rg BT 206.94 147.25 Td (A) Tj ET Q q 0 0 0 rg BT 211.69 147.25 Td (VMS ) Tj ET Q q 0 0 0 rg BT 231.90 147.25 Td (Directive ) Tj ET Q q 0 0 0 rg BT 264.54 147.25 Td (does ) Tj ET Q q 0 0 0 rg BT 282.07 147.25 Td (not ) Tj ET Q q 0 0 0 rg BT 295.17 147.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 329.15 147.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 354.23 147.25 Td (when ) Tj ET Q q 0 0 0 rg BT 374.43 147.25 Td (programming ) Tj ET Q q 0 0 0 rg BT 420.85 147.25 Td (may ) Tj ET Q q 0 0 0 rg BT 437.50 147.25 Td (be ) Tj ET Q q 0 0 0 rg BT 447.93 147.25 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 485.90 147.25 Td (by ) Tj ET Q q 0 0 0 rg BT 496.77 147.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 535.19 147.25 Td (in ) Tj ET Q q 0 0 0 rg BT 544.29 147.25 Td (linear ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 137.65 Td (broadcasting, ) Tj ET Q q 0 0 0 rg BT 95.02 137.65 Td (except ) Tj ET Q q 0 0 0 rg BT 118.55 137.65 Td (in ) Tj ET Q q 0 0 0 rg BT 127.42 137.65 Td (the ) Tj ET Q q 0 0 0 rg BT 139.84 137.65 Td (case ) Tj ET Q q 0 0 0 rg BT 156.25 137.65 Td (of ) Tj ET Q q 0 0 0 rg BT 165.57 137.65 Td (films ) Tj ET Q q 0 0 0 rg BT 184.66 137.65 Td (and ) Tj ET Q q 0 0 0 rg BT 198.86 137.65 Td (news ) Tj ET Q q 0 0 0 rg BT 217.95 137.65 Td (programming ) Tj ET Q q 0 0 0 rg BT 264.14 137.65 Td (\(where ) Tj ET Q q 0 0 0 rg BT 289.00 137.65 Td (programming ) Tj ET Q q 0 0 0 rg BT 335.20 137.65 Td (may ) Tj ET Q q 0 0 0 rg BT 351.62 137.65 Td (be ) Tj ET Q q 0 0 0 rg BT 361.82 137.65 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 399.56 137.65 Td (once ) Tj ET Q q 0 0 0 rg BT 417.31 137.65 Td (every ) Tj ET Q q 0 0 0 rg BT 437.73 137.65 Td (thirty ) Tj ET Q q 0 0 0 rg BT 457.71 137.65 Td (minutes ) Tj ET Q q 0 0 0 rg BT 485.69 137.65 Td (or ) Tj ET Q q 0 0 0 rg BT 495.00 137.65 Td (more\) ) Tj ET Q q 0 0 0 rg BT 516.75 137.65 Td (and ) Tj ET Q q 0 0 0 rg BT 530.95 137.65 Td (children) Tj ET Q q 0 0 0 rg BT 559.38 137.65 Td (s ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 128.05 Td (programming ) Tj ET Q q 0 0 0 rg BT 95.13 128.05 Td (\(where ) Tj ET Q q 0 0 0 rg BT 119.43 128.05 Td (the ) Tj ET Q q 0 0 0 rg BT 131.29 128.05 Td (same ) Tj ET Q q 0 0 0 rg BT 149.81 128.05 Td (restriction ) Tj ET Q q 0 0 0 rg BT 184.33 128.05 Td (applies ) Tj ET Q q 0 0 0 rg BT 209.07 128.05 Td (providing ) Tj ET Q q 0 0 0 rg BT 242.27 128.05 Td (that ) Tj ET Q q 0 0 0 rg BT 256.35 128.05 Td (the ) Tj ET Q q 0 0 0 rg BT 268.21 128.05 Td (program ) Tj ET Q q 0 0 0 rg BT 297.40 128.05 Td (is ) Tj ET Q q 0 0 0 rg BT 304.82 128.05 Td (greater ) Tj ET Q q 0 0 0 rg BT 329.11 128.05 Td (than ) Tj ET Q q 0 0 0 rg BT 344.97 128.05 Td (thirty ) Tj ET Q q 0 0 0 rg BT 364.39 128.05 Td (minutes\) ) Tj ET Q q 0 0 0 rg BT 394.47 128.05 Td (and ) Tj ET Q q 0 0 0 rg BT 408.11 128.05 Td (religious ) Tj ET Q q 0 0 0 rg BT 438.19 128.05 Td (programming ) Tj ET Q q 0 0 0 rg BT 483.82 128.05 Td (\(where ) Tj ET Q q 0 0 0 rg BT 508.11 128.05 Td (no ) Tj ET Q q 0 0 0 rg BT 518.20 128.05 Td (advertising ) Tj ET Q q 0 0 0 rg BT 555.83 128.05 Td (or ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 118.45 Td (teleshopping ) Tj ET Q q 0 0 0 rg BT 92.78 118.45 Td (shall ) Tj ET Q q 0 0 0 rg BT 110.29 118.45 Td (be ) Tj ET Q q 0 0 0 rg BT 120.23 118.45 Td (inserted\). ) Tj ET Q q 0 0 0 rg BT 152.62 118.45 Td (Under ) Tj ET Q q 0 0 0 rg BT 175.01 118.45 Td (the ) Tj ET Q q 0 0 0 rg BT 187.18 118.45 Td (current ) Tj ET Q q 0 0 0 rg BT 211.70 118.45 Td (A) Tj ET Q q 0 0 0 rg BT 216.44 118.45 Td (VMS ) Tj ET Q q 0 0 0 rg BT 236.18 118.45 Td (Directive, ) Tj ET Q q 0 0 0 rg BT 270.34 118.45 Td (there ) Tj ET Q q 0 0 0 rg BT 288.72 118.45 Td (is ) Tj ET Q q 0 0 0 rg BT 296.45 118.45 Td (also ) Tj ET Q q 0 0 0 rg BT 311.74 118.45 Td (a ) Tj ET Q q 0 0 0 rg BT 317.68 118.45 Td (general ) Tj ET Q q 0 0 0 rg BT 343.62 118.45 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 381.57 118.45 Td (on ) Tj ET Q q 0 0 0 rg BT 391.97 118.45 Td (product ) Tj ET Q q 0 0 0 rg BT 418.80 118.45 Td (placement, ) Tj ET Q q 0 0 0 rg BT 456.07 118.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 481.13 118.45 Td (to ) Tj ET Q q 0 0 0 rg BT 489.74 118.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 513.90 118.45 Td (exceptions ) Tj ET Q q 0 0 0 rg BT 550.51 118.45 Td (\(for ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 108.85 Td (example ) Tj ET Q q 0 0 0 rg BT 78.97 108.85 Td (it ) Tj ET Q q 0 0 0 rg BT 85.80 108.85 Td (is ) Tj ET Q q 0 0 0 rg BT 93.51 108.85 Td (permitted ) Tj ET Q q 0 0 0 rg BT 126.54 108.85 Td (in ) Tj ET Q q 0 0 0 rg BT 135.14 108.85 Td (films ) Tj ET Q q 0 0 0 rg BT 153.96 108.85 Td (and ) Tj ET Q q 0 0 0 rg BT 167.89 108.85 Td (series, ) Tj ET Q q 0 0 0 rg BT 190.48 108.85 Td (sports ) Tj ET Q q 0 0 0 rg BT 211.97 108.85 Td (programs ) Tj ET Q q 0 0 0 rg BT 244.57 108.85 Td (and ) Tj ET Q q 0 0 0 rg BT 258.49 108.85 Td (light ) Tj ET Q q 0 0 0 rg BT 275.54 108.85 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 321.90 108.85 Td (programs\) ) Tj ET Q q 0 0 0 rg BT 357.15 108.85 Td (and ) Tj ET Q q 0 0 0 rg BT 371.08 108.85 Td (providing ) Tj ET Q q 0 0 0 rg BT 404.57 108.85 Td (that ) Tj ET Q q 0 0 0 rg BT 418.94 108.85 Td (the ) Tj ET Q q 0 0 0 rg BT 431.09 108.85 Td (use ) Tj ET Q q 0 0 0 rg BT 444.13 108.85 Td (of ) Tj ET Q q 0 0 0 rg BT 453.17 108.85 Td (product ) Tj ET Q q 0 0 0 rg BT 479.99 108.85 Td (placement ) Tj ET Q q 0 0 0 rg BT 515.23 108.85 Td (is ) Tj ET Q q 0 0 0 rg BT 522.95 108.85 Td (not ) Tj ET Q q 0 0 0 rg BT 535.55 108.85 Td (unduly) Tj ET Q q 0 0 0 rg BT 562.50 108.85 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 99.25 Td (prominent, ) Tj ET Q q 0 0 0 rg BT 86.38 99.25 Td (is ) Tj ET Q q 0 0 0 rg BT 93.72 99.25 Td (not ) Tj ET Q q 0 0 0 rg BT 105.94 99.25 Td (promotional ) Tj ET Q q 0 0 0 rg BT 147.05 99.25 Td (and ) Tj ET Q q 0 0 0 rg BT 160.60 99.25 Td (is ) Tj ET Q q 0 0 0 rg BT 167.93 99.25 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 212.58 99.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 245.24 99.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.46 99.25 Td (viewers. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 83.65 Td (The ) Tj ET Q q 0 0 0 rg BT 64.01 83.65 Td (amendments ) Tj ET Q q 0 0 0 rg BT 106.52 83.65 Td (to ) Tj ET Q q 0 0 0 rg BT 114.81 83.65 Td (the ) Tj ET Q q 0 0 0 rg BT 126.20 83.65 Td (A) Tj ET Q q 0 0 0 rg BT 130.95 83.65 Td (VMS ) Tj ET Q q 0 0 0 rg BT 150.36 83.65 Td (Directive ) Tj ET Q q 0 0 0 rg BT 182.20 83.65 Td (will ) Tj ET Q q 0 0 0 rg BT 196.72 83.65 Td (liberalize ) Tj ET Q q 0 0 0 rg BT 228.55 83.65 Td (some ) Tj ET Q q 0 0 0 rg BT 247.51 83.65 Td (of ) Tj ET Q q 0 0 0 rg BT 256.24 83.65 Td (the ) Tj ET Q q 0 0 0 rg BT 267.63 83.65 Td (A) Tj ET Q q 0 0 0 rg BT 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605.90 Td (option ) Tj ET Q q 0 0 0 rg BT 328.15 605.90 Td (of ) Tj ET Q q 0 0 0 rg BT 336.39 605.90 Td (imposing ) Tj ET Q q 0 0 0 rg BT 367.75 605.90 Td (on ) Tj ET Q q 0 0 0 rg BT 377.33 605.90 Td (their ) Tj ET Q q 0 0 0 rg BT 393.57 605.90 Td (audiovisual ) Tj ET Q q 0 0 0 rg BT 432.03 605.90 Td (service ) Tj ET Q q 0 0 0 rg BT 456.26 605.90 Td (providers ) Tj ET Q q 0 0 0 rg BT 488.05 605.90 Td (\(including ) Tj ET Q q 0 0 0 rg BT 522.52 605.90 Td (broadcasters ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 596.30 Td (and ) Tj ET Q q 0 0 0 rg BT 63.28 596.30 Td (video-on-demand ) Tj ET Q q 0 0 0 rg BT 121.94 596.30 Td (services ) Tj ET Q q 0 0 0 rg BT 149.93 596.30 Td (providers ) Tj ET Q q 0 0 0 rg BT 182.38 596.30 Td (whose ) Tj ET Q q 0 0 0 rg BT 205.05 596.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 240.60 596.30 Td (tar) Tj ET Q q 0 0 0 rg BT 248.89 596.30 Td (get ) Tj ET Q q 0 0 0 rg BT 260.90 596.30 Td (their ) Tj ET Q q 0 0 0 rg BT 277.79 596.30 Td (service ) Tj ET Q q 0 0 0 rg BT 302.67 596.30 Td (to ) Tj ET Q q 0 0 0 rg BT 311.12 596.30 Td (an ) Tj ET Q q 0 0 0 rg BT 320.90 596.30 Td (audience ) Tj ET Q q 0 0 0 rg BT 351.55 596.30 Td (within ) Tj ET Q q 0 0 0 rg BT 374.23 596.30 Td (a ) Tj ET Q q 0 0 0 rg BT 380.01 596.30 Td (dif) Tj ET Q q 0 0 0 rg BT 388.75 596.30 Td (ferent ) Tj ET Q q 0 0 0 rg BT 409.63 596.30 Td (Member ) Tj ET Q q 0 0 0 rg BT 438.96 596.30 Td (State\) ) Tj ET Q q 0 0 0 rg BT 459.85 596.30 Td (a ) Tj ET Q q 0 0 0 rg BT 465.63 596.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 495.85 596.30 Td (contribution ) Tj ET Q q 0 0 0 rg BT 537.18 596.30 Td (towards ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 586.70 Td (the ) Tj ET Q q 0 0 0 rg BT 61.10 586.70 Td (European ) Tj ET Q q 0 0 0 rg BT 93.58 586.70 Td (production ) Tj ET Q q 0 0 0 rg BT 130.06 586.70 Td (of ) Tj ET Q q 0 0 0 rg BT 138.55 586.70 Td (Europeans ) Tj ET Q q 0 0 0 rg BT 174.14 586.70 Td (works\). ) Tj ET Q q 0 0 0 rg BT 200.05 586.70 Td (There ) Tj ET Q q 0 0 0 rg BT 220.53 586.70 Td (will ) Tj ET Q q 0 0 0 rg BT 234.80 586.70 Td (also ) Tj ET Q q 0 0 0 rg BT 249.51 586.70 Td (be ) Tj ET Q q 0 0 0 rg BT 258.89 586.70 Td (a ) Tj ET Q q 0 0 0 rg BT 264.27 586.70 Td (requirement ) Tj ET Q q 0 0 0 rg BT 304.74 586.70 Td (that ) Tj ET Q q 0 0 0 rg BT 318.56 586.70 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 360.37 586.70 Td (and ) Tj ET Q q 0 0 0 rg BT 373.74 586.70 Td (other ) Tj ET Q q 0 0 0 rg BT 392.00 586.70 Td (audiovisual ) Tj ET Q q 0 0 0 rg BT 430.71 586.70 Td (service ) Tj ET Q q 0 0 0 rg BT 455.19 586.70 Td (providers ) Tj ET Q q 0 0 0 rg BT 487.23 586.70 Td (ensure ) Tj ET Q q 0 0 0 rg BT 509.93 586.70 Td (that ) Tj ET Q q 0 0 0 rg BT 523.76 586.70 Td (at ) Tj ET Q q 0 0 0 rg BT 531.35 586.70 Td (least ) Tj ET Q q 0 0 0 rg BT 547.84 586.70 Td (30% ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 577.10 Td (their ) Tj ET Q q 0 0 0 rg BT 74.82 577.10 Td (video-on-demand ) Tj ET Q q 0 0 0 rg BT 133.25 577.10 Td (service ) Tj ET Q q 0 0 0 rg BT 157.90 577.10 Td (catalog ) Tj ET Q q 0 0 0 rg BT 183.00 577.10 Td (is ) Tj ET Q q 0 0 0 rg BT 190.34 577.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 222.98 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.21 577.10 Td (European ) Tj ET Q q 0 0 0 rg BT 263.86 577.10 Td (works ) Tj ET Q q 0 0 0 rg BT 285.41 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.96 577.10 Td (that ) Tj ET Q q 0 0 0 rg BT 312.96 577.10 Td (such ) Tj ET Q q 0 0 0 rg BT 329.63 577.10 Td (works ) Tj ET Q q 0 0 0 rg BT 351.18 577.10 Td (are ) Tj ET Q q 0 0 0 rg BT 362.95 577.10 Td (given ) Tj ET Q q 0 0 0 rg BT 382.72 577.10 Td (due ) Tj ET Q q 0 0 0 rg BT 396.27 577.10 Td (prominence. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 561.50 Td (Please ) Tj ET Q q 0 0 0 rg BT 71.94 561.50 Td (see ) Tj ET Q q 0 0 0 rg BT 84.15 561.50 Td (below ) Tj ET Q q 0 0 0 rg BT 105.70 561.50 Td (for ) Tj ET Q q 0 0 0 rg BT 117.03 561.50 Td (more ) Tj ET Q q 0 0 0 rg BT 135.47 561.50 Td (detailed ) Tj ET Q q 0 0 0 rg BT 162.79 561.50 Td (information ) Tj ET Q q 0 0 0 rg BT 202.56 561.50 Td (on ) Tj ET Q q 0 0 0 rg BT 212.56 561.50 Td (programming ) Tj ET Q q 0 0 0 rg BT 258.11 561.50 Td (and ) Tj ET Q q 0 0 0 rg BT 271.66 561.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 309.20 561.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 346.75 561.50 Td (that ) Tj ET Q q 0 0 0 rg BT 360.75 561.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 384.52 561.50 Td (our ) Tj ET Q q 0 0 0 rg BT 397.18 561.50 Td (channels.) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 49.5 544.83359375 m 77.046875 544.83359375 l s q 0 0 0 rg BT 49.50 545.90 Td (Bulgaria) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 77.05 545.90 Td (: ) Tj ET Q q 0 0 0 rg BT 81.36 545.90 Td (In ) Tj ET Q q 0 0 0 rg BT 90.11 545.90 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 121.74 545.90 Td (privately ) Tj ET Q q 0 0 0 rg BT 152.26 545.90 Td (owned ) Tj ET Q q 0 0 0 rg BT 175.68 545.90 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 217.74 545.90 Td (are ) Tj ET Q q 0 0 0 rg BT 229.60 545.90 Td (permitted ) Tj ET Q q 0 0 0 rg BT 262.34 545.90 Td (to ) Tj ET Q q 0 0 0 rg BT 270.65 545.90 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 303.39 545.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 341.02 545.90 Td (for ) Tj ET Q q 0 0 0 rg BT 352.44 545.90 Td (up ) Tj ET Q q 0 0 0 rg BT 362.52 545.90 Td (to ) Tj ET Q q 0 0 0 rg BT 370.83 545.90 Td (12 ) Tj ET Q q 0 0 0 rg BT 380.92 545.90 Td (minutes ) Tj ET Q q 0 0 0 rg BT 408.34 545.90 Td (per ) Tj ET Q q 0 0 0 rg BT 420.64 545.90 Td (hour) Tj ET Q q 0 0 0 rg BT 434.86 545.90 Td (. ) Tj ET Q q 0 0 0 rg BT 438.80 545.90 Td (The ) Tj ET Q q 0 0 0 rg BT 453.32 545.90 Td (public ) Tj ET Q q 0 0 0 rg BT 475.41 545.90 Td (broadcaster) Tj ET Q q 0 0 0 rg BT 511.95 545.90 Td (, ) Tj ET Q q 0 0 0 rg BT 516.04 545.90 Td (BNT) Tj ET Q q 0 0 0 rg BT 531.45 545.90 Td (, ) Tj ET Q q 0 0 0 rg BT 535.53 545.90 Td (which ) Tj ET Q q 0 0 0 rg BT 557.17 545.90 Td (is ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 536.30 Td (financed ) Tj ET Q q 0 0 0 rg BT 78.97 536.30 Td (through ) Tj ET Q q 0 0 0 rg BT 105.78 536.30 Td (a ) Tj ET Q q 0 0 0 rg BT 111.26 536.30 Td (compulsory ) Tj ET Q q 0 0 0 rg BT 150.96 536.30 Td (television ) Tj ET Q q 0 0 0 rg BT 183.99 536.30 Td (license ) Tj ET Q q 0 0 0 rg BT 208.13 536.30 Td (fee ) Tj ET Q q 0 0 0 rg BT 219.83 536.30 Td (and ) Tj ET Q q 0 0 0 rg BT 233.30 536.30 Td (by ) Tj ET Q q 0 0 0 rg BT 243.23 536.30 Td (the ) Tj ET Q q 0 0 0 rg BT 254.93 536.30 Td (government, ) Tj ET Q q 0 0 0 rg BT 297.07 536.30 Td (is ) Tj ET Q q 0 0 0 rg BT 304.34 536.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 336.03 536.30 Td (to ) Tj ET Q q 0 0 0 rg BT 344.18 536.30 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 386.98 536.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 424.45 536.30 Td (for ) Tj ET Q q 0 0 0 rg BT 435.71 536.30 Td (four ) Tj ET Q q 0 0 0 rg BT 450.96 536.30 Td (minutes ) Tj ET Q q 0 0 0 rg BT 478.22 536.30 Td (per ) Tj ET Q q 0 0 0 rg BT 490.37 536.30 Td (hour ) Tj ET Q q 0 0 0 rg BT 506.96 536.30 Td (and ) Tj ET Q q 0 0 0 rg BT 520.44 536.30 Td (no ) Tj ET Q q 0 0 0 rg BT 530.37 536.30 Td (more ) Tj ET Q q 0 0 0 rg BT 548.73 536.30 Td (than ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 526.70 Td (15 ) Tj ET Q q 0 0 0 rg BT 59.62 526.70 Td (minutes ) Tj ET Q q 0 0 0 rg BT 87.07 526.70 Td (per ) Tj ET Q q 0 0 0 rg BT 99.40 526.70 Td (day) Tj ET Q q 0 0 0 rg BT 110.43 526.70 Td (, ) Tj ET Q q 0 0 0 rg BT 114.55 526.70 Td (of ) Tj ET Q q 0 0 0 rg BT 123.33 526.70 Td (which ) Tj ET Q q 0 0 0 rg BT 145.00 526.70 Td (only ) Tj ET Q q 0 0 0 rg BT 161.34 526.70 Td (five ) Tj ET Q q 0 0 0 rg BT 175.89 526.70 Td (minutes ) Tj ET Q q 0 0 0 rg BT 203.34 526.70 Td (may ) Tj ET Q q 0 0 0 rg BT 219.23 526.70 Td (be ) Tj ET Q q 0 0 0 rg BT 228.90 526.70 Td (in ) Tj ET Q q 0 0 0 rg BT 237.24 526.70 Td (prime ) Tj ET Q q 0 0 0 rg BT 258.02 526.70 Td (time. ) Tj ET Q q 0 0 0 rg BT 276.20 526.70 Td (There ) Tj ET Q q 0 0 0 rg BT 296.97 526.70 Td (are ) Tj ET Q q 0 0 0 rg BT 308.85 526.70 Td (also ) Tj ET Q q 0 0 0 rg BT 323.85 526.70 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 361.52 526.70 Td (on ) Tj ET Q q 0 0 0 rg BT 371.64 526.70 Td (the ) Tj ET Q q 0 0 0 rg BT 383.53 526.70 Td (frequency ) Tj ET Q q 0 0 0 rg BT 417.62 526.70 Td (of ) Tj ET Q q 0 0 0 rg BT 426.41 526.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 464.07 526.70 Td (breaks ) Tj ET Q q 0 0 0 rg BT 487.07 526.70 Td (\(for ) Tj ET Q q 0 0 0 rg BT 501.18 526.70 Td (example, ) Tj ET Q q 0 0 0 rg BT 532.39 526.70 Td (news ) Tj ET Q q 0 0 0 rg BT 550.95 526.70 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 517.10 Td (children's ) Tj ET Q q 0 0 0 rg BT 81.90 517.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 113.75 517.10 Td (shorter ) Tj ET Q q 0 0 0 rg BT 137.60 517.10 Td (than ) Tj ET Q q 0 0 0 rg BT 153.01 517.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 162.65 517.10 Td (minutes ) Tj ET Q q 0 0 0 rg BT 189.62 517.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 212.58 517.10 Td (be ) Tj ET Q q 0 0 0 rg BT 221.76 517.10 Td (interrupted\). ) Tj ET Q q 0 0 0 rg BT 263.04 517.10 Td (These ) Tj ET Q q 0 0 0 rg BT 283.78 517.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 320.96 517.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 340.37 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.23 517.10 Td (both ) Tj ET Q q 0 0 0 rg BT 364.09 517.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 391.94 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.13 517.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 435.20 517.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 458.16 517.10 Td (broadcasters. ) Tj ET Q q 0 0 0 rg BT 501.78 517.10 Td (Further ) Tj ET Q q 0 0 0 rg BT 526.96 517.10 Td (restrictions ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 507.50 Td (relate ) Tj ET Q q 0 0 0 rg BT 69.99 507.50 Td (to ) Tj ET Q q 0 0 0 rg BT 78.93 507.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 117.20 507.50 Td (content, ) Tj ET Q q 0 0 0 rg BT 145.47 507.50 Td (including ) Tj ET Q q 0 0 0 rg BT 178.42 507.50 Td (a ) Tj ET Q q 0 0 0 rg BT 184.69 507.50 Td (ban ) Tj ET Q q 0 0 0 rg BT 198.96 507.50 Td (on ) Tj ET Q q 0 0 0 rg BT 209.69 507.50 Td (tobacco ) Tj ET Q q 0 0 0 rg BT 237.29 507.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 275.56 507.50 Td (and ) Tj ET Q q 0 0 0 rg BT 289.83 507.50 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 328.10 507.50 Td (on ) Tj ET Q q 0 0 0 rg BT 338.83 507.50 Td (alcohol ) Tj ET Q q 0 0 0 rg BT 365.10 507.50 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 405.37 507.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 443.64 507.50 Td (on ) Tj ET Q q 0 0 0 rg BT 454.36 507.50 Td (medical ) Tj ET Q q 0 0 0 rg BT 482.40 507.50 Td (products ) Tj ET Q q 0 0 0 rg BT 512.68 507.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 550.95 507.50 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 497.90 Td (regulations ) Tj ET Q q 0 0 0 rg BT 86.68 497.90 Td (on ) Tj ET Q q 0 0 0 rg BT 96.31 497.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 133.48 497.90 Td (tar) Tj ET Q q 0 0 0 rg BT 141.78 497.90 Td (geted ) Tj ET Q q 0 0 0 rg BT 160.73 497.90 Td (at ) Tj ET Q q 0 0 0 rg BT 168.13 497.90 Td (children ) Tj ET Q q 0 0 0 rg BT 195.97 497.90 Td (or ) Tj ET Q q 0 0 0 rg BT 204.27 497.90 Td (during ) Tj ET Q q 0 0 0 rg BT 226.79 497.90 Td (children's ) Tj ET Q q 0 0 0 rg BT 259.18 497.90 Td (programming. ) Tj ET Q q 0 0 0 rg BT 306.36 497.90 Td (In ) Tj ET Q q 0 0 0 rg BT 314.65 497.90 Td (addition, ) Tj ET Q q 0 0 0 rg BT 344.50 497.90 Td (members ) Tj ET Q q 0 0 0 rg BT 375.45 497.90 Td (of ) Tj ET Q q 0 0 0 rg BT 383.75 497.90 Td (the ) Tj ET Q q 0 0 0 rg BT 395.15 497.90 Td (news ) Tj ET Q q 0 0 0 rg BT 413.22 497.90 Td (department ) Tj ET Q q 0 0 0 rg BT 450.84 497.90 Td (of ) Tj ET Q q 0 0 0 rg BT 459.13 497.90 Td (our ) Tj ET Q q 0 0 0 rg BT 471.42 497.90 Td (channels ) Tj ET Q q 0 0 0 rg BT 501.04 497.90 Td (are ) Tj ET Q q 0 0 0 rg BT 512.44 497.90 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 546.95 497.90 Td (from ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 488.30 Td (appearing ) Tj ET Q q 0 0 0 rg BT 83.38 488.30 Td (in ) Tj ET Q q 0 0 0 rg BT 91.94 488.30 Td (advertisements. ) Tj ET Q q 0 0 0 rg BT 144.27 488.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 159.05 488.30 Td (channels ) Tj ET Q q 0 0 0 rg BT 189.38 488.30 Td (in ) Tj ET Q q 0 0 0 rg BT 197.94 488.30 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 227.82 488.30 Td (are ) Tj ET Q q 0 0 0 rg BT 239.93 488.30 Td (required ) Tj ET Q q 0 0 0 rg BT 268.92 488.30 Td (to ) Tj ET Q q 0 0 0 rg BT 277.48 488.30 Td (comply ) Tj ET Q q 0 0 0 rg BT 303.82 488.30 Td (with ) Tj ET Q q 0 0 0 rg BT 320.38 488.30 Td (several ) Tj ET Q q 0 0 0 rg BT 345.38 488.30 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 383.26 488.30 Td (on ) Tj ET Q q 0 0 0 rg BT 393.60 488.30 Td (programming, ) Tj ET Q q 0 0 0 rg BT 441.49 488.30 Td (including ) Tj ET Q q 0 0 0 rg BT 474.05 488.30 Td (regulations ) Tj ET Q q 0 0 0 rg BT 511.93 488.30 Td (on ) Tj ET Q q 0 0 0 rg BT 522.27 488.30 Td (the ) Tj ET Q q 0 0 0 rg BT 534.39 488.30 Td (origin ) Tj ET Q q 0 0 0 rg BT 555.84 488.30 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 478.70 Td (programming. ) Tj ET Q q 0 0 0 rg BT 96.66 478.70 Td (These ) Tj ET Q q 0 0 0 rg BT 117.50 478.70 Td (channels ) Tj ET Q q 0 0 0 rg BT 147.23 478.70 Td (must ) Tj ET Q q 0 0 0 rg BT 164.53 478.70 Td (ensure ) Tj ET Q q 0 0 0 rg BT 187.15 478.70 Td (that ) Tj ET Q q 0 0 0 rg BT 200.89 478.70 Td (50% ) Tj ET Q q 0 0 0 rg BT 217.30 478.70 Td (of ) Tj ET Q q 0 0 0 rg BT 225.70 478.70 Td (a ) Tj ET Q q 0 0 0 rg BT 230.99 478.70 Td (channel's ) Tj ET Q q 0 0 0 rg BT 262.17 478.70 Td (total ) Tj ET Q q 0 0 0 rg BT 278.13 478.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 301.19 478.70 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 333.58 478.70 Td (time ) Tj ET Q q 0 0 0 rg BT 349.54 478.70 Td (consists ) Tj ET Q q 0 0 0 rg BT 376.62 478.70 Td (of ) Tj ET Q q 0 0 0 rg BT 385.03 478.70 Td (EU- ) Tj ET Q q 0 0 0 rg BT 400.10 478.70 Td (or ) Tj ET Q q 0 0 0 rg BT 408.50 478.70 Td (locally-produced ) Tj ET Q q 0 0 0 rg BT 464.44 478.70 Td (programming ) Tj ET Q q 0 0 0 rg BT 509.73 478.70 Td (and ) Tj ET Q q 0 0 0 rg BT 523.02 478.70 Td (12% ) Tj ET Q q 0 0 0 rg BT 539.43 478.70 Td (of ) Tj ET Q q 0 0 0 rg BT 547.83 478.70 Td (such ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 469.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 82.36 469.10 Td (time ) Tj ET Q q 0 0 0 rg BT 98.79 469.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 126.34 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.22 469.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 180.98 469.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 212.96 469.10 Td (by ) Tj ET Q q 0 0 0 rg BT 223.17 469.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 264.48 469.10 Td (producers ) Tj ET Q q 0 0 0 rg BT 298.23 469.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.67 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.65 469.10 Td (EU. ) Tj ET Q q 0 0 0 rg BT 333.53 469.10 Td (News, ) Tj ET Q q 0 0 0 rg BT 355.96 469.10 Td (sports, ) Tj ET Q q 0 0 0 rg BT 379.28 469.10 Td (games ) Tj ET Q q 0 0 0 rg BT 401.93 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.70 469.10 Td (teleshopping ) Tj ET Q q 0 0 0 rg BT 458.79 469.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 493.22 469.10 Td (as ) Tj ET Q q 0 0 0 rg BT 502.09 469.10 Td (well ) Tj ET Q q 0 0 0 rg BT 518.08 469.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.95 469.10 Td (advertising ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 459.50 Td (and ) Tj ET Q q 0 0 0 rg BT 63.05 459.50 Td (teletext ) Tj ET Q q 0 0 0 rg BT 88.59 459.50 Td (services, ) Tj ET Q q 0 0 0 rg BT 118.36 459.50 Td (are ) Tj ET Q q 0 0 0 rg BT 130.13 459.50 Td (excluded ) Tj ET Q q 0 0 0 rg BT 161.00 459.50 Td (from ) Tj ET Q q 0 0 0 rg BT 178.55 459.50 Td (these ) Tj ET Q q 0 0 0 rg BT 196.99 459.50 Td (restrictions.) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 49.5 442.83359375 m 100.63671875 442.83359375 l s q 0 0 0 rg BT 49.50 443.90 Td (Czech ) Tj ET Q q 0 0 0 rg BT 71.75 443.90 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 100.64 443.90 Td (: ) Tj ET Q q 0 0 0 rg BT 105.13 443.90 Td (Privately ) Tj ET Q q 0 0 0 rg BT 136.27 443.90 Td (owned ) Tj ET Q q 0 0 0 rg BT 159.87 443.90 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 202.11 443.90 Td (in ) Tj ET Q q 0 0 0 rg BT 210.60 443.90 Td (the ) Tj ET Q q 0 0 0 rg BT 222.64 443.90 Td (Czech ) Tj ET Q q 0 0 0 rg BT 244.89 443.90 Td (Republic ) Tj ET Q q 0 0 0 rg BT 276.04 443.90 Td (are ) Tj ET Q q 0 0 0 rg BT 288.07 443.90 Td (permitted ) Tj ET Q q 0 0 0 rg BT 321.00 443.90 Td (to ) Tj ET Q q 0 0 0 rg BT 329.48 443.90 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 362.40 443.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 400.21 443.90 Td (for ) Tj ET Q q 0 0 0 rg BT 411.81 443.90 Td (up ) Tj ET Q q 0 0 0 rg BT 422.07 443.90 Td (to ) Tj ET Q q 0 0 0 rg BT 430.56 443.90 Td (12 ) Tj ET Q q 0 0 0 rg BT 440.83 443.90 Td (minutes ) Tj ET Q q 0 0 0 rg BT 468.43 443.90 Td (per ) Tj ET Q q 0 0 0 rg BT 480.91 443.90 Td (hour) Tj ET Q q 0 0 0 rg BT 495.13 443.90 Td (. ) Tj ET Q q 0 0 0 rg BT 499.39 443.90 Td (In ) Tj ET Q q 0 0 0 rg BT 508.32 443.90 Td (September ) Tj ET Q q 0 0 0 rg BT 544.80 443.90 Td (201) Tj ET Q q 0 0 0 rg BT 556.50 443.90 Td (1, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 434.30 Td (legislation ) Tj ET Q q 0 0 0 rg BT 84.28 434.30 Td (was ) Tj ET Q q 0 0 0 rg BT 98.18 434.30 Td (implemented ) Tj ET Q q 0 0 0 rg BT 141.40 434.30 Td (in ) Tj ET Q q 0 0 0 rg BT 149.08 434.30 Td (the ) Tj ET Q q 0 0 0 rg BT 160.31 434.30 Td (Czech ) Tj ET Q q 0 0 0 rg BT 181.76 434.30 Td (Republic ) Tj ET Q q 0 0 0 rg BT 212.09 434.30 Td (which ) Tj ET Q q 0 0 0 rg BT 233.10 434.30 Td (restricts ) Tj ET Q q 0 0 0 rg BT 259.88 434.30 Td (the ) Tj ET Q q 0 0 0 rg BT 271.11 434.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 296.56 434.30 Td (of ) Tj ET Q q 0 0 0 rg BT 304.68 434.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 341.69 434.30 Td (that ) Tj ET Q q 0 0 0 rg BT 355.14 434.30 Td (may ) Tj ET Q q 0 0 0 rg BT 370.37 434.30 Td (be ) Tj ET Q q 0 0 0 rg BT 379.38 434.30 Td (shown ) Tj ET Q q 0 0 0 rg BT 401.72 434.30 Td (on ) Tj ET Q q 0 0 0 rg BT 411.18 434.30 Td (channels ) Tj ET Q q 0 0 0 rg BT 440.62 434.30 Td (of ) Tj ET Q q 0 0 0 rg BT 448.74 434.30 Td (the ) Tj ET Q q 0 0 0 rg BT 459.97 434.30 Td (public ) Tj ET Q q 0 0 0 rg BT 481.42 434.30 Td (broadcaster) Tj ET Q q 0 0 0 rg BT 517.97 434.30 Td (, ) Tj ET Q q 0 0 0 rg BT 521.43 434.30 Td (CT) Tj ET Q q 0 0 0 rg BT 531.06 434.30 Td (. ) Tj ET Q q 0 0 0 rg BT 534.51 434.30 Td (Pursuant ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 424.70 Td (to ) Tj ET Q q 0 0 0 rg BT 57.91 424.70 Td (the ) Tj ET Q q 0 0 0 rg BT 69.87 424.70 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 106.49 424.70 Td (channels ) Tj ET Q q 0 0 0 rg BT 136.66 424.70 Td (CT) Tj ET Q q 0 0 0 rg BT 146.74 424.70 Td ( ) Tj ET Q q 0 0 0 rg BT 148.93 424.70 Td (2 ) Tj ET Q q 0 0 0 rg BT 155.12 424.70 Td (and ) Tj ET Q q 0 0 0 rg BT 168.85 424.70 Td (CT) Tj ET Q q 0 0 0 rg BT 178.93 424.70 Td ( ) Tj ET Q q 0 0 0 rg BT 181.12 424.70 Td (4 ) Tj ET Q q 0 0 0 rg BT 187.30 424.70 Td (may ) Tj ET Q q 0 0 0 rg BT 203.26 424.70 Td (show ) Tj ET Q q 0 0 0 rg BT 222.34 424.70 Td (a ) Tj ET Q q 0 0 0 rg BT 228.08 424.70 Td (limited ) Tj ET Q q 0 0 0 rg BT 252.93 424.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 279.11 424.70 Td (of ) Tj ET Q q 0 0 0 rg BT 287.96 424.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 325.70 424.70 Td (up ) Tj ET Q q 0 0 0 rg BT 335.88 424.70 Td (to ) Tj ET Q q 0 0 0 rg BT 344.29 424.70 Td (0.5% ) Tj ET Q q 0 0 0 rg BT 363.14 424.70 Td (of ) Tj ET Q q 0 0 0 rg BT 371.99 424.70 Td (the ) Tj ET Q q 0 0 0 rg BT 383.95 424.70 Td (total ) Tj ET Q q 0 0 0 rg BT 400.36 424.70 Td (daily ) Tj ET Q q 0 0 0 rg BT 418.54 424.70 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 461.60 424.70 Td (time ) Tj ET Q q 0 0 0 rg BT 478.01 424.70 Td (on ) Tj ET Q q 0 0 0 rg BT 488.19 424.70 Td (each ) Tj ET Q q 0 0 0 rg BT 505.03 424.70 Td (channel, ) Tj ET Q q 0 0 0 rg BT 534.09 424.70 Td (of ) Tj ET Q q 0 0 0 rg BT 542.94 424.70 Td (which ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 415.10 Td (only ) Tj ET Q q 0 0 0 rg BT 65.85 415.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 71.98 415.10 Td (minutes ) Tj ET Q q 0 0 0 rg BT 99.44 415.10 Td (per ) Tj ET Q q 0 0 0 rg BT 111.78 415.10 Td (hour ) Tj ET Q q 0 0 0 rg BT 128.57 415.10 Td (may ) Tj ET Q q 0 0 0 rg BT 144.47 415.10 Td (be ) Tj ET Q q 0 0 0 rg BT 154.15 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.50 415.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 183.29 415.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 201.64 415.10 Td (No ) Tj ET Q q 0 0 0 rg BT 213.54 415.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 251.22 415.10 Td (may ) Tj ET Q q 0 0 0 rg BT 267.12 415.10 Td (be ) Tj ET Q q 0 0 0 rg BT 276.80 415.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 299.82 415.10 Td (on ) Tj ET Q q 0 0 0 rg BT 309.95 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.85 415.10 Td (other ) Tj ET Q q 0 0 0 rg BT 340.41 415.10 Td (public ) Tj ET Q q 0 0 0 rg BT 362.38 415.10 Td (TV) Tj ET Q q 0 0 0 rg BT 372.90 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.03 415.10 Td (channels, ) Tj ET Q q 0 0 0 rg BT 407.15 415.10 Td (except ) Tj ET Q q 0 0 0 rg BT 430.15 415.10 Td (where ) Tj ET Q q 0 0 0 rg BT 451.82 415.10 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 494.82 415.10 Td (an ) Tj ET Q q 0 0 0 rg BT 504.50 415.10 Td (advertisement ) Tj ET Q q 0 0 0 rg BT 551.50 415.10 Td (is ) Tj ET Q q 0 0 0 rg BT 558.96 415.10 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 405.50 Td (necessary ) Tj ET Q q 0 0 0 rg BT 82.53 405.50 Td (condition ) Tj ET Q q 0 0 0 rg BT 114.68 405.50 Td (for ) Tj ET Q q 0 0 0 rg BT 125.94 405.50 Td (the ) Tj ET Q q 0 0 0 rg BT 137.65 405.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 174.69 405.50 Td (of ) Tj ET Q q 0 0 0 rg BT 183.29 405.50 Td (rights ) Tj ET Q q 0 0 0 rg BT 203.45 405.50 Td (to ) Tj ET Q q 0 0 0 rg BT 211.61 405.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 244.19 405.50 Td (cultural ) Tj ET Q q 0 0 0 rg BT 270.56 405.50 Td (or ) Tj ET Q q 0 0 0 rg BT 279.16 405.50 Td (sport ) Tj ET Q q 0 0 0 rg BT 297.09 405.50 Td (events ) Tj ET Q q 0 0 0 rg BT 319.47 405.50 Td (on ) Tj ET Q q 0 0 0 rg BT 329.40 405.50 Td (such ) Tj ET Q q 0 0 0 rg BT 346.00 405.50 Td (public ) Tj ET Q q 0 0 0 rg BT 367.93 405.50 Td (channels. ) Tj ET Q q 0 0 0 rg BT 399.71 405.50 Td (Where ) Tj ET Q q 0 0 0 rg BT 422.96 405.50 Td (such ) Tj ET Q q 0 0 0 rg BT 439.56 405.50 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 482.37 405.50 Td (advertisement ) Tj ET Q q 0 0 0 rg BT 529.18 405.50 Td (conditions ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 395.90 Td (apply) Tj ET Q q 0 0 0 rg BT 66.75 395.90 Td (, ) Tj ET Q q 0 0 0 rg BT 70.75 395.90 Td (the ) Tj ET Q q 0 0 0 rg BT 82.51 395.90 Td (same ) Tj ET Q q 0 0 0 rg BT 100.94 395.90 Td (limitations ) Tj ET Q q 0 0 0 rg BT 137.16 395.90 Td (on ) Tj ET Q q 0 0 0 rg BT 147.15 395.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 184.69 395.90 Td (time ) Tj ET Q q 0 0 0 rg BT 200.90 395.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 235.76 395.90 Td (to ) Tj ET Q q 0 0 0 rg BT 243.98 395.90 Td (CT) Tj ET Q q 0 0 0 rg BT 254.05 395.90 Td ( ) Tj ET Q q 0 0 0 rg BT 256.05 395.90 Td (2 ) Tj ET Q q 0 0 0 rg BT 262.04 395.90 Td (and ) Tj ET Q q 0 0 0 rg BT 275.58 395.90 Td (CT) Tj ET Q q 0 0 0 rg BT 285.66 395.90 Td ( ) Tj ET Q q 0 0 0 rg BT 287.65 395.90 Td (4 ) Tj ET Q q 0 0 0 rg BT 293.64 395.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 310.75 395.90 Td (apply ) Tj ET Q q 0 0 0 rg BT 330.51 395.90 Td (to ) Tj ET Q q 0 0 0 rg BT 338.73 395.90 Td (any ) Tj ET Q q 0 0 0 rg BT 352.27 395.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 389.81 395.90 Td (on ) Tj ET Q q 0 0 0 rg BT 399.80 395.90 Td (the ) Tj ET Q q 0 0 0 rg BT 411.57 395.90 Td (other ) Tj ET Q q 0 0 0 rg BT 430.00 395.90 Td (public ) Tj ET Q q 0 0 0 rg BT 451.84 395.90 Td (TV) Tj ET Q q 0 0 0 rg BT 462.36 395.90 Td ( ) Tj ET Q q 0 0 0 rg BT 464.35 395.90 Td (channels. ) Tj ET Q q 0 0 0 rg BT 496.33 395.90 Td ( ) Tj ET Q q 0 0 0 rg BT 497.89 395.90 Td (Also ) Tj ET Q q 0 0 0 rg BT 514.99 395.90 Td (included ) Tj ET Q q 0 0 0 rg BT 544.53 395.90 Td (in ) Tj ET Q q 0 0 0 rg BT 552.74 395.90 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 386.30 Td (legislation ) Tj ET Q q 0 0 0 rg BT 84.97 386.30 Td (is ) Tj ET Q q 0 0 0 rg BT 92.45 386.30 Td (the ) Tj ET Q q 0 0 0 rg BT 104.36 386.30 Td (requirement ) Tj ET Q q 0 0 0 rg BT 145.15 386.30 Td (that ) Tj ET Q q 0 0 0 rg BT 159.29 386.30 Td (national ) Tj ET Q q 0 0 0 rg BT 187.20 386.30 Td (private ) Tj ET Q q 0 0 0 rg BT 211.55 386.30 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 253.67 386.30 Td (must ) Tj ET Q q 0 0 0 rg BT 271.37 386.30 Td (contribute ) Tj ET Q q 0 0 0 rg BT 305.94 386.30 Td (annually ) Tj ET Q q 0 0 0 rg BT 335.63 386.30 Td (to ) Tj ET Q q 0 0 0 rg BT 343.99 386.30 Td (a ) Tj ET Q q 0 0 0 rg BT 349.68 386.30 Td (Czech ) Tj ET Q q 0 0 0 rg BT 371.81 386.30 Td (cinematography ) Tj ET Q q 0 0 0 rg BT 425.49 386.30 Td (fund ) Tj ET Q q 0 0 0 rg BT 442.29 386.30 Td (in ) Tj ET Q q 0 0 0 rg BT 450.66 386.30 Td (an ) Tj ET Q q 0 0 0 rg BT 460.35 386.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 486.48 386.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 505.95 386.30 Td (to ) Tj ET Q q 0 0 0 rg BT 514.31 386.30 Td (2% ) Tj ET Q q 0 0 0 rg BT 527.12 386.30 Td (of ) Tj ET Q q 0 0 0 rg BT 535.92 386.30 Td (their ) Tj ET Q q 0 0 0 rg BT 552.72 386.30 Td (net ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 376.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.09 376.70 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 119.42 376.70 Td (W) Tj ET Q q 0 0 0 rg BT 126.33 376.70 Td (e ) Tj ET Q q 0 0 0 rg BT 131.92 376.70 Td (are ) Tj ET Q q 0 0 0 rg BT 143.73 376.70 Td (entitled ) Tj ET Q q 0 0 0 rg BT 169.77 376.70 Td (to ) Tj ET Q q 0 0 0 rg BT 178.03 376.70 Td (apply ) Tj ET Q q 0 0 0 rg BT 197.85 376.70 Td (for ) Tj ET Q q 0 0 0 rg BT 209.22 376.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 241.48 376.70 Td (from ) Tj ET Q q 0 0 0 rg BT 259.07 376.70 Td (the ) Tj ET Q q 0 0 0 rg BT 270.89 376.70 Td (fund. ) Tj ET Q q 0 0 0 rg BT 289.60 376.70 Td (In ) Tj ET Q q 0 0 0 rg BT 298.31 376.70 Td (the ) Tj ET Q q 0 0 0 rg BT 310.12 376.70 Td (Czech ) Tj ET Q q 0 0 0 rg BT 332.16 376.70 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 365.08 376.70 Td (all ) Tj ET Q q 0 0 0 rg BT 375.12 376.70 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 417.15 376.70 Td (are ) Tj ET Q q 0 0 0 rg BT 428.96 376.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 460.76 376.70 Td (with ) Tj ET Q q 0 0 0 rg BT 477.03 376.70 Td (respect ) Tj ET Q q 0 0 0 rg BT 501.73 376.70 Td (to ) Tj ET Q q 0 0 0 rg BT 509.99 376.70 Td (the ) Tj ET Q q 0 0 0 rg BT 521.81 376.70 Td (frequency ) Tj ET Q q 0 0 0 rg BT 555.83 376.70 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 367.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.01 367.10 Td (breaks ) Tj ET Q q 0 0 0 rg BT 109.85 367.10 Td (during ) Tj ET Q q 0 0 0 rg BT 132.70 367.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.21 367.10 Td (between ) Tj ET Q q 0 0 0 rg BT 174.83 367.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 209.01 367.10 Td (as ) Tj ET Q q 0 0 0 rg BT 217.63 367.10 Td (well ) Tj ET Q q 0 0 0 rg BT 233.37 367.10 Td (as ) Tj ET Q q 0 0 0 rg BT 242.00 367.10 Td (being ) Tj ET Q q 0 0 0 rg BT 261.73 367.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 286.36 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.54 367.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 332.05 367.10 Td (that ) Tj ET Q q 0 0 0 rg BT 346.01 367.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 365.74 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.92 367.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 411.43 367.10 Td (content, ) Tj ET Q q 0 0 0 rg BT 438.94 367.10 Td (including ) Tj ET Q q 0 0 0 rg BT 471.12 367.10 Td (a ) Tj ET Q q 0 0 0 rg BT 476.64 367.10 Td (ban ) Tj ET Q q 0 0 0 rg BT 490.15 367.10 Td (on ) Tj ET Q q 0 0 0 rg BT 500.11 367.10 Td (tobacco ) Tj ET Q q 0 0 0 rg BT 526.95 367.10 Td (advertising ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 357.50 Td (and ) Tj ET Q q 0 0 0 rg BT 63.05 357.50 Td (limitations ) Tj ET Q q 0 0 0 rg BT 99.27 357.50 Td (on ) Tj ET Q q 0 0 0 rg BT 109.27 357.50 Td (advertisements ) Tj ET Q q 0 0 0 rg BT 159.26 357.50 Td (of ) Tj ET Q q 0 0 0 rg BT 167.92 357.50 Td (alcoholic ) Tj ET Q q 0 0 0 rg BT 199.24 357.50 Td (beverages, ) Tj ET Q q 0 0 0 rg BT 235.22 357.50 Td (pharmaceuticals, ) Tj ET Q q 0 0 0 rg BT 291.20 357.50 Td (firearms ) Tj ET Q q 0 0 0 rg BT 319.85 357.50 Td (and ) Tj ET Q q 0 0 0 rg BT 333.40 357.50 Td (munitions.) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 49.5 340.83359375 m 78.3828125 340.83359375 l s q 0 0 0 rg BT 49.50 341.90 Td (Romania) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 78.38 341.90 Td (: ) Tj ET Q q 0 0 0 rg BT 82.84 341.90 Td (Privately ) Tj ET Q q 0 0 0 rg BT 113.95 341.90 Td (owned ) Tj ET Q q 0 0 0 rg BT 137.51 341.90 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 179.72 341.90 Td (in ) Tj ET Q q 0 0 0 rg BT 188.18 341.90 Td (Romania ) Tj ET Q q 0 0 0 rg BT 219.29 341.90 Td (are ) Tj ET Q q 0 0 0 rg BT 231.29 341.90 Td (permitted ) Tj ET Q q 0 0 0 rg BT 264.18 341.90 Td (to ) Tj ET Q q 0 0 0 rg BT 272.63 341.90 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 305.51 341.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 343.29 341.90 Td (and ) Tj ET Q q 0 0 0 rg BT 357.07 341.90 Td (direct ) Tj ET Q q 0 0 0 rg BT 377.52 341.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 395.30 341.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 433.08 341.90 Td (for ) Tj ET Q q 0 0 0 rg BT 444.64 341.90 Td (up ) Tj ET Q q 0 0 0 rg BT 454.87 341.90 Td (to ) Tj ET Q q 0 0 0 rg BT 463.32 341.90 Td (12 ) Tj ET Q q 0 0 0 rg BT 473.55 341.90 Td (minutes ) Tj ET Q q 0 0 0 rg BT 501.12 341.90 Td (per ) Tj ET Q q 0 0 0 rg BT 513.56 341.90 Td (hour) Tj ET Q q 0 0 0 rg BT 527.79 341.90 Td (. ) Tj ET Q q 0 0 0 rg BT 531.86 341.90 Td (There ) Tj ET Q q 0 0 0 rg BT 552.74 341.90 Td (are ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 332.30 Td (also ) Tj ET Q q 0 0 0 rg BT 64.41 332.30 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 101.97 332.30 Td (on ) Tj ET Q q 0 0 0 rg BT 111.99 332.30 Td (the ) Tj ET Q q 0 0 0 rg BT 123.78 332.30 Td (frequency ) Tj ET Q q 0 0 0 rg BT 157.78 332.30 Td (of ) Tj ET Q q 0 0 0 rg BT 166.46 332.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 204.03 332.30 Td (breaks ) Tj ET Q q 0 0 0 rg BT 226.93 332.30 Td (\(for ) Tj ET Q q 0 0 0 rg BT 240.94 332.30 Td (example, ) Tj ET Q q 0 0 0 rg BT 272.05 332.30 Td (news ) Tj ET Q q 0 0 0 rg BT 290.51 332.30 Td (and ) Tj ET Q q 0 0 0 rg BT 304.08 332.30 Td (children's ) Tj ET Q q 0 0 0 rg BT 336.87 332.30 Td (programs ) Tj ET Q q 0 0 0 rg BT 369.10 332.30 Td (shorter ) Tj ET Q q 0 0 0 rg BT 393.33 332.30 Td (than ) Tj ET Q q 0 0 0 rg BT 409.13 332.30 Td (30 ) Tj ET Q q 0 0 0 rg BT 419.14 332.30 Td (minutes ) Tj ET Q q 0 0 0 rg BT 446.49 332.30 Td (cannot ) Tj ET Q q 0 0 0 rg BT 469.84 332.30 Td (be ) Tj ET Q q 0 0 0 rg BT 479.41 332.30 Td (interrupted\). ) Tj ET Q q 0 0 0 rg BT 521.19 332.30 Td (Broadcasters ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 322.70 Td (are ) Tj ET Q q 0 0 0 rg BT 61.19 322.70 Td (also ) Tj ET Q q 0 0 0 rg BT 76.00 322.70 Td (required ) Tj ET Q q 0 0 0 rg BT 104.57 322.70 Td (that ) Tj ET Q q 0 0 0 rg BT 118.49 322.70 Td (from ) Tj ET Q q 0 0 0 rg BT 135.97 322.70 Td (the ) Tj ET Q q 0 0 0 rg BT 147.66 322.70 Td (total ) Tj ET Q q 0 0 0 rg BT 163.80 322.70 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 206.60 322.70 Td (time ) Tj ET Q q 0 0 0 rg BT 222.74 322.70 Td (\(except ) Tj ET Q q 0 0 0 rg BT 248.21 322.70 Td (for ) Tj ET Q q 0 0 0 rg BT 259.46 322.70 Td (the ) Tj ET Q q 0 0 0 rg BT 271.15 322.70 Td (time ) Tj ET Q q 0 0 0 rg BT 287.29 322.70 Td (allocated ) Tj ET Q q 0 0 0 rg BT 318.09 322.70 Td (to ) Tj ET Q q 0 0 0 rg BT 326.23 322.70 Td (news, ) Tj ET Q q 0 0 0 rg BT 346.60 322.70 Td (sports ) Tj ET Q q 0 0 0 rg BT 367.63 322.70 Td (events, ) Tj ET Q q 0 0 0 rg BT 391.99 322.70 Td (games, ) Tj ET Q q 0 0 0 rg BT 416.35 322.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 453.82 322.70 Td (and ) Tj ET Q q 0 0 0 rg BT 467.30 322.70 Td (teleshopping\) ) Tj ET Q q 0 0 0 rg BT 512.77 322.70 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 523.57 322.70 Td (at ) Tj ET Q q 0 0 0 rg BT 531.27 322.70 Td (least ) Tj ET Q q 0 0 0 rg BT 547.85 322.70 Td (50% ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 313.10 Td (must ) Tj ET Q q 0 0 0 rg BT 67.43 313.10 Td (be ) Tj ET Q q 0 0 0 rg BT 77.36 313.10 Td (European-origin ) Tj ET Q q 0 0 0 rg BT 132.15 313.10 Td (audio-visual ) Tj ET Q q 0 0 0 rg BT 174.07 313.10 Td (works ) Tj ET Q q 0 0 0 rg BT 196.00 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.93 313.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 221.63 313.10 Td (at ) Tj ET Q q 0 0 0 rg BT 229.77 313.10 Td (least ) Tj ET Q q 0 0 0 rg BT 246.81 313.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 263.84 313.10 Td (\(or) Tj ET Q q 0 0 0 rg BT 272.85 313.10 Td (, ) Tj ET Q q 0 0 0 rg BT 277.22 313.10 Td (alternatively) Tj ET Q q 0 0 0 rg BT 316.69 313.10 Td (, ) Tj ET Q q 0 0 0 rg BT 321.06 313.10 Td (at ) Tj ET Q q 0 0 0 rg BT 329.21 313.10 Td (least ) Tj ET Q q 0 0 0 rg BT 346.24 313.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 363.28 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.31 313.10 Td (their ) Tj ET Q q 0 0 0 rg BT 389.35 313.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 435.27 313.10 Td (budget\) ) Tj ET Q q 0 0 0 rg BT 462.08 313.10 Td (must ) Tj ET Q q 0 0 0 rg BT 480.01 313.10 Td (be ) Tj ET Q q 0 0 0 rg BT 489.93 313.10 Td (European ) Tj ET Q q 0 0 0 rg BT 522.96 313.10 Td (audio-visual ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 303.50 Td (works ) Tj ET Q q 0 0 0 rg BT 71.37 303.50 Td (produced ) Tj ET Q q 0 0 0 rg BT 103.46 303.50 Td (by ) Tj ET Q q 0 0 0 rg BT 113.78 303.50 Td (independent ) Tj ET Q q 0 0 0 rg BT 155.19 303.50 Td (producers. ) Tj ET Q q 0 0 0 rg BT 190.89 303.50 Td (The ) Tj ET Q q 0 0 0 rg BT 205.64 303.50 Td (public ) Tj ET Q q 0 0 0 rg BT 227.96 303.50 Td (broadcaster) Tj ET Q q 0 0 0 rg BT 264.50 303.50 Td (, ) Tj ET Q q 0 0 0 rg BT 268.65 303.50 Td (TVR, ) Tj ET Q q 0 0 0 rg BT 288.97 303.50 Td (is ) Tj ET Q q 0 0 0 rg BT 296.63 303.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 328.71 303.50 Td (to ) Tj ET Q q 0 0 0 rg BT 337.25 303.50 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 380.44 303.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 418.31 303.50 Td (for ) Tj ET Q q 0 0 0 rg BT 429.95 303.50 Td (eight ) Tj ET Q q 0 0 0 rg BT 448.27 303.50 Td (minutes ) Tj ET Q q 0 0 0 rg BT 475.92 303.50 Td (per ) Tj ET Q q 0 0 0 rg BT 488.45 303.50 Td (hour ) Tj ET Q q 0 0 0 rg BT 505.43 303.50 Td (and ) Tj ET Q q 0 0 0 rg BT 519.30 303.50 Td (only ) Tj ET Q q 0 0 0 rg BT 535.84 303.50 Td (between ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 293.90 Td (programs. ) Tj ET Q q 0 0 0 rg BT 84.29 293.90 Td (Further ) Tj ET Q q 0 0 0 rg BT 110.42 293.90 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 148.55 293.90 Td (relate ) Tj ET Q q 0 0 0 rg BT 168.89 293.90 Td (to ) Tj ET Q q 0 0 0 rg BT 177.69 293.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 215.82 293.90 Td (content, ) Tj ET Q q 0 0 0 rg BT 243.94 293.90 Td (including ) Tj ET Q q 0 0 0 rg BT 276.74 293.90 Td (a ) Tj ET Q q 0 0 0 rg BT 282.87 293.90 Td (ban ) Tj ET Q q 0 0 0 rg BT 297.00 293.90 Td (on ) Tj ET Q q 0 0 0 rg BT 307.58 293.90 Td (tobacco ) Tj ET Q q 0 0 0 rg BT 335.04 293.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 373.16 293.90 Td (and ) Tj ET Q q 0 0 0 rg BT 387.29 293.90 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 425.42 293.90 Td (on ) Tj ET Q q 0 0 0 rg BT 436.00 293.90 Td (alcohol ) Tj ET Q q 0 0 0 rg BT 462.12 293.90 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 502.25 293.90 Td (and ) Tj ET Q q 0 0 0 rg BT 516.38 293.90 Td (regulations ) Tj ET Q q 0 0 0 rg BT 554.50 293.90 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 284.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.03 284.30 Td (tar) Tj ET Q q 0 0 0 rg BT 95.32 284.30 Td (geted ) Tj ET Q q 0 0 0 rg BT 114.63 284.30 Td (at ) Tj ET Q q 0 0 0 rg BT 122.39 284.30 Td (children ) Tj ET Q q 0 0 0 rg BT 150.58 284.30 Td (or ) Tj ET Q q 0 0 0 rg BT 159.23 284.30 Td (during ) Tj ET Q q 0 0 0 rg BT 182.10 284.30 Td (children's ) Tj ET Q q 0 0 0 rg BT 214.85 284.30 Td (programming. ) Tj ET Q q 0 0 0 rg BT 262.38 284.30 Td (In ) Tj ET Q q 0 0 0 rg BT 271.03 284.30 Td (addition, ) Tj ET Q q 0 0 0 rg BT 301.23 284.30 Td (news ) Tj ET Q q 0 0 0 rg BT 319.65 284.30 Td (anchors ) Tj ET Q q 0 0 0 rg BT 346.52 284.30 Td (of ) Tj ET Q q 0 0 0 rg BT 355.16 284.30 Td (all ) Tj ET Q q 0 0 0 rg BT 365.14 284.30 Td (channels ) Tj ET Q q 0 0 0 rg BT 395.11 284.30 Td (are ) Tj ET Q q 0 0 0 rg BT 406.86 284.30 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 441.73 284.30 Td (from ) Tj ET Q q 0 0 0 rg BT 459.26 284.30 Td (appearing ) Tj ET Q q 0 0 0 rg BT 492.79 284.30 Td (in ) Tj ET Q q 0 0 0 rg BT 500.99 284.30 Td (advertisements ) Tj ET Q q 0 0 0 rg BT 550.96 284.30 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 274.70 Td (teleshopping ) Tj ET Q q 0 0 0 rg BT 92.38 274.70 Td (programming.) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 49.5 258.03359375 m 102.517578125 258.03359375 l s q 0 0 0 rg BT 49.50 259.10 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 73.63 259.10 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.52 259.10 Td (: ) Tj ET Q q 0 0 0 rg BT 106.65 259.10 Td (Privately ) Tj ET Q q 0 0 0 rg BT 137.45 259.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 160.69 259.10 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 202.58 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.71 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.40 259.10 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 246.54 259.10 Td (Republic ) Tj ET Q q 0 0 0 rg BT 277.33 259.10 Td (are ) Tj ET Q q 0 0 0 rg BT 289.01 259.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 321.58 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.71 259.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 362.28 259.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 399.73 259.10 Td (for ) Tj ET Q q 0 0 0 rg BT 410.97 259.10 Td (up ) Tj ET Q q 0 0 0 rg BT 420.89 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.02 259.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 438.93 259.10 Td (minutes ) Tj ET Q q 0 0 0 rg BT 466.18 259.10 Td (per ) Tj ET Q q 0 0 0 rg BT 478.30 259.10 Td (hour ) Tj ET Q q 0 0 0 rg BT 494.88 259.10 Td (but ) Tj ET Q q 0 0 0 rg BT 507.02 259.10 Td (not ) Tj ET Q q 0 0 0 rg BT 519.15 259.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.39 259.10 Td (more ) Tj ET Q q 0 0 0 rg BT 548.74 259.10 Td (than ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 249.50 Td (20% ) Tj ET Q q 0 0 0 rg BT 66.61 249.50 Td (of ) Tj ET Q q 0 0 0 rg BT 75.72 249.50 Td (their ) Tj ET Q q 0 0 0 rg BT 92.83 249.50 Td (total ) Tj ET Q q 0 0 0 rg BT 109.50 249.50 Td (daily ) Tj ET Q q 0 0 0 rg BT 127.94 249.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 161.04 249.50 Td (time. ) Tj ET Q q 0 0 0 rg BT 179.71 249.50 Td (Since ) Tj ET Q q 0 0 0 rg BT 199.93 249.50 Td (January ) Tj ET Q q 0 0 0 rg BT 227.26 249.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 247.71 249.50 Td (the ) Tj ET Q q 0 0 0 rg BT 259.93 249.50 Td (public ) Tj ET Q q 0 0 0 rg BT 282.38 249.50 Td (broadcaster ) Tj ET Q q 0 0 0 rg BT 321.69 249.50 Td (R) Tj ET Q q 0 0 0 rg BT 326.55 249.50 Td (TVS, ) Tj ET Q q 0 0 0 rg BT 346.11 249.50 Td (which ) Tj ET Q q 0 0 0 rg BT 368.11 249.50 Td (is ) Tj ET Q q 0 0 0 rg BT 375.89 249.50 Td (financed ) Tj ET Q q 0 0 0 rg BT 405.88 249.50 Td (through ) Tj ET Q q 0 0 0 rg BT 433.21 249.50 Td (a ) Tj ET Q q 0 0 0 rg BT 439.21 249.50 Td (compulsory ) Tj ET Q q 0 0 0 rg BT 479.43 249.50 Td (license ) Tj ET Q q 0 0 0 rg BT 504.09 249.50 Td (fee, ) Tj ET Q q 0 0 0 rg BT 518.31 249.50 Td (can ) Tj ET Q q 0 0 0 rg BT 531.86 249.50 Td (broadcast ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 239.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 86.41 239.90 Td (for ) Tj ET Q q 0 0 0 rg BT 97.10 239.90 Td (up ) Tj ET Q q 0 0 0 rg BT 106.46 239.90 Td (to ) Tj ET Q q 0 0 0 rg BT 114.04 239.90 Td (0.5% ) Tj ET Q q 0 0 0 rg BT 132.06 239.90 Td (of ) Tj ET Q q 0 0 0 rg BT 140.09 239.90 Td (its ) Tj ET Q q 0 0 0 rg BT 149.01 239.90 Td (total ) Tj ET Q q 0 0 0 rg BT 164.59 239.90 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 196.60 239.90 Td (time ) Tj ET Q q 0 0 0 rg BT 212.18 239.90 Td (\(up ) Tj ET Q q 0 0 0 rg BT 224.20 239.90 Td (to ) Tj ET Q q 0 0 0 rg BT 231.79 239.90 Td (2.5% ) Tj ET Q q 0 0 0 rg BT 249.81 239.90 Td (of ) Tj ET Q q 0 0 0 rg BT 257.83 239.90 Td (total ) Tj ET Q q 0 0 0 rg BT 273.41 239.90 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 305.43 239.90 Td (time ) Tj ET Q q 0 0 0 rg BT 321.00 239.90 Td (including ) Tj ET Q q 0 0 0 rg BT 352.58 239.90 Td (teleshopping ) Tj ET Q q 0 0 0 rg BT 394.83 239.90 Td (programming\), ) Tj ET Q q 0 0 0 rg BT 444.40 239.90 Td (but ) Tj ET Q q 0 0 0 rg BT 455.98 239.90 Td (between ) Tj ET Q q 0 0 0 rg BT 483.99 239.90 Td (7:00 ) Tj ET Q q 0 0 0 rg BT 499.58 239.90 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 515.16 239.90 Td (and ) Tj ET Q q 0 0 0 rg BT 528.07 239.90 Td (10:00p.m. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 230.30 Td (may ) Tj ET Q q 0 0 0 rg BT 65.50 230.30 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 98.37 230.30 Td (only ) Tj ET Q q 0 0 0 rg BT 114.82 230.30 Td (eight ) Tj ET Q q 0 0 0 rg BT 133.04 230.30 Td (minutes ) Tj ET Q q 0 0 0 rg BT 160.59 230.30 Td (of ) Tj ET Q q 0 0 0 rg BT 169.48 230.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 207.25 230.30 Td (per ) Tj ET Q q 0 0 0 rg BT 219.68 230.30 Td (hour) Tj ET Q q 0 0 0 rg BT 233.91 230.30 Td (. ) Tj ET Q q 0 0 0 rg BT 237.97 230.30 Td (There ) Tj ET Q q 0 0 0 rg BT 258.84 230.30 Td (are ) Tj ET Q q 0 0 0 rg BT 270.83 230.30 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 308.60 230.30 Td (on ) Tj ET Q q 0 0 0 rg BT 318.82 230.30 Td (the ) Tj ET Q q 0 0 0 rg BT 330.82 230.30 Td (frequency ) Tj ET Q q 0 0 0 rg BT 365.02 230.30 Td (of ) Tj ET Q q 0 0 0 rg BT 373.91 230.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 411.68 230.30 Td (breaks ) Tj ET Q q 0 0 0 rg BT 434.78 230.30 Td (during ) Tj ET Q q 0 0 0 rg BT 457.89 230.30 Td (and ) Tj ET Q q 0 0 0 rg BT 471.66 230.30 Td (between ) Tj ET Q q 0 0 0 rg BT 500.54 230.30 Td (programs. ) Tj ET Q q 0 0 0 rg BT 534.98 230.30 Td (R) Tj ET Q q 0 0 0 rg BT 539.83 230.30 Td (TVS ) Tj ET Q q 0 0 0 rg BT 557.17 230.30 Td (is ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 220.70 Td (not ) Tj ET Q q 0 0 0 rg BT 63.14 220.70 Td (permitted ) Tj ET Q q 0 0 0 rg BT 97.22 220.70 Td (to ) Tj ET Q q 0 0 0 rg BT 106.87 220.70 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 140.94 220.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 179.91 220.70 Td (breaks ) Tj ET Q q 0 0 0 rg BT 204.21 220.70 Td (during ) Tj ET Q q 0 0 0 rg BT 228.52 220.70 Td (programs. ) Tj ET Q q 0 0 0 rg BT 263.90 220.70 Td (There ) Tj ET Q q 0 0 0 rg BT 285.98 220.70 Td (are ) Tj ET Q q 0 0 0 rg BT 299.17 220.70 Td (also ) Tj ET Q q 0 0 0 rg BT 315.47 220.70 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 354.44 220.70 Td (that ) Tj ET Q q 0 0 0 rg BT 369.86 220.70 Td (relate ) Tj ET Q q 0 0 0 rg BT 391.04 220.70 Td (to ) Tj ET Q q 0 0 0 rg BT 400.69 220.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 439.65 220.70 Td (content, ) Tj ET Q q 0 0 0 rg BT 468.62 220.70 Td (including ) Tj ET Q q 0 0 0 rg BT 502.26 220.70 Td (a ) Tj ET Q q 0 0 0 rg BT 509.24 220.70 Td (ban ) Tj ET Q q 0 0 0 rg BT 524.21 220.70 Td (on ) Tj ET Q q 0 0 0 rg BT 535.63 220.70 Td (tobacco, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 211.10 Td (pharmaceuticals, ) Tj ET Q q 0 0 0 rg BT 105.40 211.10 Td (firearms ) Tj ET Q q 0 0 0 rg BT 133.98 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.46 211.10 Td (munitions ) Tj ET Q q 0 0 0 rg BT 181.39 211.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 218.87 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.35 211.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.83 211.10 Td (ban ) Tj ET Q q 0 0 0 rg BT 251.31 211.10 Td (on ) Tj ET Q q 0 0 0 rg BT 261.24 211.10 Td (advertisements ) Tj ET Q q 0 0 0 rg BT 311.15 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.74 211.10 Td (alcoholic ) Tj ET Q q 0 0 0 rg BT 350.99 211.10 Td (beverages ) Tj ET Q q 0 0 0 rg BT 384.90 211.10 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 421.04 211.10 Td (beer ) Tj ET Q q 0 0 0 rg BT 436.74 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.21 211.10 Td (wine\) ) Tj ET Q q 0 0 0 rg BT 470.36 211.10 Td (between ) Tj ET Q q 0 0 0 rg BT 498.94 211.10 Td (6:00 ) Tj ET Q q 0 0 0 rg BT 515.09 211.10 Td (a.m. ) Tj ET Q q 0 0 0 rg BT 530.79 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.27 211.10 Td (10:00 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 201.50 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 64.83 201.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.39 201.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 112.82 201.50 Td (in ) Tj ET Q q 0 0 0 rg BT 120.16 201.50 Td (the ) Tj ET Q q 0 0 0 rg BT 131.04 201.50 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 154.38 201.50 Td (Republic ) Tj ET Q q 0 0 0 rg BT 184.37 201.50 Td (are ) Tj ET Q q 0 0 0 rg BT 195.25 201.50 Td (also ) Tj ET Q q 0 0 0 rg BT 209.24 201.50 Td (required ) Tj ET Q q 0 0 0 rg BT 237.01 201.50 Td (to ) Tj ET Q q 0 0 0 rg BT 244.34 201.50 Td (comply ) Tj ET Q q 0 0 0 rg BT 269.45 201.50 Td (with ) Tj ET Q q 0 0 0 rg BT 284.78 201.50 Td (several ) Tj ET Q q 0 0 0 rg BT 308.55 201.50 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 345.21 201.50 Td (on ) Tj ET Q q 0 0 0 rg BT 354.32 201.50 Td (programming, ) Tj ET Q q 0 0 0 rg BT 400.97 201.50 Td (including ) Tj ET Q q 0 0 0 rg BT 432.30 201.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 468.96 201.50 Td (on ) Tj ET Q q 0 0 0 rg BT 478.07 201.50 Td (the ) Tj ET Q q 0 0 0 rg BT 488.96 201.50 Td (origin ) Tj ET Q q 0 0 0 rg BT 509.18 201.50 Td (of ) Tj ET Q q 0 0 0 rg BT 516.96 201.50 Td (programming. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 191.90 Td (These ) Tj ET Q q 0 0 0 rg BT 70.16 191.90 Td (include ) Tj ET Q q 0 0 0 rg BT 95.26 191.90 Td (the ) Tj ET Q q 0 0 0 rg BT 106.59 191.90 Td (requirement ) Tj ET Q q 0 0 0 rg BT 146.80 191.90 Td (that ) Tj ET Q q 0 0 0 rg BT 160.35 191.90 Td (50% ) Tj ET Q q 0 0 0 rg BT 176.57 191.90 Td (of ) Tj ET Q q 0 0 0 rg BT 184.79 191.90 Td (the ) Tj ET Q q 0 0 0 rg BT 196.12 191.90 Td (station's ) Tj ET Q q 0 0 0 rg BT 223.56 191.90 Td (monthly ) Tj ET Q q 0 0 0 rg BT 251.79 191.90 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 284.00 191.90 Td (time ) Tj ET Q q 0 0 0 rg BT 299.77 191.90 Td (must ) Tj ET Q q 0 0 0 rg BT 316.89 191.90 Td (be ) Tj ET Q q 0 0 0 rg BT 326.00 191.90 Td (European-origin ) Tj ET Q q 0 0 0 rg BT 379.98 191.90 Td (audio-visual ) Tj ET Q q 0 0 0 rg BT 421.08 191.90 Td (works ) Tj ET Q q 0 0 0 rg BT 442.19 191.90 Td (and ) Tj ET Q q 0 0 0 rg BT 455.30 191.90 Td (at ) Tj ET Q q 0 0 0 rg BT 462.63 191.90 Td (least ) Tj ET Q q 0 0 0 rg BT 478.85 191.90 Td (10% ) Tj ET Q q 0 0 0 rg BT 495.07 191.90 Td (of ) Tj ET Q q 0 0 0 rg BT 503.29 191.90 Td (a ) Tj ET Q q 0 0 0 rg BT 508.40 191.90 Td (station's ) Tj ET Q q 0 0 0 rg BT 535.84 191.90 Td (monthly ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 182.30 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 81.75 182.30 Td (time ) Tj ET Q q 0 0 0 rg BT 97.56 182.30 Td (must ) Tj ET Q q 0 0 0 rg BT 114.72 182.30 Td 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/F1 8.00 Tf ET q 0 0 0 rg BT 49.50 688.65 Td (a ) Tj ET Q q 0 0 0 rg BT 55.10 688.65 Td (more ) Tj ET Q q 0 0 0 rg BT 73.58 688.65 Td (lengthy ) Tj ET Q q 0 0 0 rg BT 99.62 688.65 Td (renewal ) Tj ET Q q 0 0 0 rg BT 126.98 688.65 Td (procedure, ) Tj ET Q q 0 0 0 rg BT 163.01 688.65 Td (such ) Tj ET Q q 0 0 0 rg BT 179.71 688.65 Td (as ) Tj ET Q q 0 0 0 rg BT 188.42 688.65 Td (a ) Tj ET Q q 0 0 0 rg BT 194.02 688.65 Td (tender ) Tj ET Q q 0 0 0 rg BT 216.05 688.65 Td (process. ) Tj ET Q q 0 0 0 rg BT 244.09 688.65 Td (Generally ) Tj ET Q q 0 0 0 rg BT 277.67 688.65 Td (cable ) Tj ET Q q 0 0 0 rg BT 296.59 688.65 Td (and ) Tj ET Q q 0 0 0 rg BT 310.19 688.65 Td (satellite ) Tj ET Q q 0 0 0 rg BT 337.11 688.65 Td (licenses ) Tj ET Q q 0 0 0 rg BT 364.48 688.65 Td (are ) Tj ET Q q 0 0 0 rg BT 376.29 688.65 Td (granted ) Tj ET Q q 0 0 0 rg BT 402.33 688.65 Td (or ) Tj ET Q q 0 0 0 rg BT 411.04 688.65 Td (renewed ) Tj ET Q q 0 0 0 rg BT 440.17 688.65 Td (upon ) Tj ET Q q 0 0 0 rg BT 458.22 688.65 Td (application. ) Tj ET Q q 0 0 0 rg BT 497.66 688.65 Td (W) Tj ET Q q 0 0 0 rg BT 504.57 688.65 Td (e ) Tj ET Q q 0 0 0 rg BT 510.16 688.65 Td (expect ) Tj ET Q q 0 0 0 rg BT 533.08 688.65 Td (all ) Tj ET Q q 0 0 0 rg BT 543.13 688.65 Td (of ) Tj ET Q q 0 0 0 rg BT 551.83 688.65 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 679.05 Td (licenses ) Tj ET Q q 0 0 0 rg BT 76.89 679.05 Td (will ) Tj ET Q q 0 0 0 rg BT 91.40 679.05 Td (continue ) Tj ET Q q 0 0 0 rg BT 121.02 679.05 Td (to ) Tj ET Q q 0 0 0 rg BT 129.30 679.05 Td (be ) Tj ET Q q 0 0 0 rg BT 138.92 679.05 Td (renewed ) Tj ET Q q 0 0 0 rg BT 168.08 679.05 Td (or ) Tj ET Q q 0 0 0 rg BT 176.81 679.05 Td (new ) Tj ET Q q 0 0 0 rg BT 192.21 679.05 Td (licenses ) Tj ET Q q 0 0 0 rg BT 219.60 679.05 Td (to ) Tj ET Q q 0 0 0 rg BT 227.89 679.05 Td (be ) Tj ET Q q 0 0 0 rg BT 237.50 679.05 Td (granted ) Tj ET Q q 0 0 0 rg BT 263.56 679.05 Td (as ) Tj ET Q q 0 0 0 rg BT 272.29 679.05 Td (required ) Tj ET Q q 0 0 0 rg BT 301.01 679.05 Td (to ) Tj ET Q q 0 0 0 rg BT 309.30 679.05 Td (continue ) Tj ET Q q 0 0 0 rg BT 338.91 679.05 Td (to ) Tj ET Q q 0 0 0 rg BT 347.20 679.05 Td (operate ) Tj ET Q q 0 0 0 rg BT 372.80 679.05 Td (our ) Tj ET Q q 0 0 0 rg BT 385.54 679.05 Td (business. ) Tj ET Q q 0 0 0 rg BT 416.26 679.05 Td (All ) Tj ET Q q 0 0 0 rg BT 428.55 679.05 Td (of ) Tj ET Q q 0 0 0 rg BT 437.28 679.05 Td (the ) Tj ET Q q 0 0 0 rg BT 449.12 679.05 Td (countries ) Tj ET Q q 0 0 0 rg BT 480.51 679.05 Td (in ) Tj ET Q q 0 0 0 rg BT 488.80 679.05 Td (which ) Tj ET Q q 0 0 0 rg BT 510.42 679.05 Td (we ) Tj ET Q q 0 0 0 rg BT 521.81 679.05 Td (operate ) Tj ET Q q 0 0 0 rg BT 547.42 679.05 Td (have ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 669.45 Td (transitioned ) Tj ET Q q 0 0 0 rg BT 88.74 669.45 Td (from ) Tj ET Q q 0 0 0 rg BT 105.77 669.45 Td (analog ) Tj ET Q q 0 0 0 rg BT 128.57 669.45 Td (to ) Tj ET Q q 0 0 0 rg BT 136.27 669.45 Td (digital ) Tj ET Q q 0 0 0 rg BT 158.18 669.45 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 190.30 669.45 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 232.65 669.45 Td (and ) Tj ET Q q 0 0 0 rg BT 245.68 669.45 Td (we ) Tj ET Q q 0 0 0 rg BT 256.48 669.45 Td (have ) Tj ET Q q 0 0 0 rg BT 273.06 669.45 Td (obtained ) Tj ET Q q 0 0 0 rg BT 302.08 669.45 Td (digital ) Tj ET Q q 0 0 0 rg BT 324.00 669.45 Td (licenses ) Tj ET Q q 0 0 0 rg BT 350.79 669.45 Td (where ) Tj ET Q q 0 0 0 rg BT 371.81 669.45 Td (requested. ) Tj ET Q q 0 0 0 rg BT 405.94 669.45 Td (In ) Tj ET Q q 0 0 0 rg BT 414.08 669.45 Td (January ) Tj ET Q q 0 0 0 rg BT 440.43 669.45 Td (2017, ) Tj ET Q q 0 0 0 rg BT 459.91 669.45 Td (we ) Tj ET Q q 0 0 0 rg BT 470.71 669.45 Td (ceased ) Tj ET Q q 0 0 0 rg BT 493.50 669.45 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 525.62 669.45 Td (distribution ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 659.85 Td (of ) Tj ET Q q 0 0 0 rg BT 57.57 659.85 Td (our ) Tj ET Q q 0 0 0 rg BT 69.64 659.85 Td (channels ) Tj ET Q q 0 0 0 rg BT 99.04 659.85 Td (in ) Tj ET Q q 0 0 0 rg BT 106.66 659.85 Td (the ) Tj ET Q q 0 0 0 rg BT 117.84 659.85 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 141.47 659.85 Td (Republic ) Tj ET Q q 0 0 0 rg BT 171.76 659.85 Td (and ) Tj ET Q q 0 0 0 rg BT 184.72 659.85 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 216.12 659.85 Td (and ) Tj ET Q q 0 0 0 rg BT 229.08 659.85 Td (channels ) Tj ET Q q 0 0 0 rg BT 258.47 659.85 Td (are ) Tj ET Q q 0 0 0 rg BT 269.64 659.85 Td (now ) Tj ET Q q 0 0 0 rg BT 284.83 659.85 Td (available ) Tj ET Q q 0 0 0 rg BT 315.11 659.85 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 352.95 659.85 Td (on ) Tj ET Q q 0 0 0 rg BT 362.35 659.85 Td (cable, ) Tj ET Q q 0 0 0 rg BT 382.63 659.85 Td (satellite ) Tj ET Q q 0 0 0 rg BT 408.92 659.85 Td (and ) Tj ET Q q 0 0 0 rg BT 421.88 659.85 Td (IPTV) Tj ET Q q 0 0 0 rg BT 439.51 659.85 Td ( ) Tj ET Q q 0 0 0 rg BT 440.91 659.85 Td (platforms. ) Tj ET Q q 0 0 0 rg BT 474.88 659.85 Td (W) Tj ET Q q 0 0 0 rg BT 481.79 659.85 Td (e ) Tj ET Q q 0 0 0 rg BT 486.75 659.85 Td (will ) Tj ET Q q 0 0 0 rg BT 500.60 659.85 Td (apply ) Tj ET Q q 0 0 0 rg BT 519.78 659.85 Td (for ) Tj ET Q q 0 0 0 rg BT 530.51 659.85 Td (additional ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 650.25 Td (digital ) Tj ET Q q 0 0 0 rg BT 71.94 650.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 99.27 650.25 Td (where ) Tj ET Q q 0 0 0 rg BT 120.81 650.25 Td (such ) Tj ET Q q 0 0 0 rg BT 137.47 650.25 Td (applications ) Tj ET Q q 0 0 0 rg BT 178.13 650.25 Td (are ) Tj ET Q q 0 0 0 rg BT 189.89 650.25 Td (prudent ) Tj ET Q q 0 0 0 rg BT 216.33 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.88 650.25 Td (permissible. ) Tj ET Q q 0 0 0 rg BT 270.77 650.25 Td (Please ) Tj ET Q q 0 0 0 rg BT 293.20 650.25 Td (see ) Tj ET Q q 0 0 0 rg BT 305.42 650.25 Td (below ) Tj ET Q q 0 0 0 rg BT 326.97 650.25 Td (for ) Tj ET Q q 0 0 0 rg BT 338.30 650.25 Td (more ) Tj ET Q q 0 0 0 rg BT 356.73 650.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 384.05 650.25 Td (information ) Tj ET Q q 0 0 0 rg BT 423.82 650.25 Td (on ) Tj ET Q q 0 0 0 rg BT 433.82 650.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 461.15 650.25 Td (for ) Tj ET Q q 0 0 0 rg BT 472.48 650.25 Td (our ) Tj ET Q q 0 0 0 rg BT 485.14 650.25 Td (channels. ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 49.5 633.58359375 m 77.046875 633.58359375 l s q 0 0 0 rg BT 49.50 634.65 Td (Bulgaria) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 77.05 634.65 Td (: ) Tj ET Q q 0 0 0 rg BT 81.28 634.65 Td (BTV) Tj ET Q q 0 0 0 rg BT 97.13 634.65 Td ( ) Tj ET Q q 0 0 0 rg BT 99.14 634.65 Td (operates ) Tj ET Q q 0 0 0 rg BT 127.80 634.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 157.36 634.65 Td (to ) Tj ET Q q 0 0 0 rg BT 165.59 634.65 Td (a ) Tj ET Q q 0 0 0 rg BT 171.15 634.65 Td (national ) Tj ET Q q 0 0 0 rg BT 198.93 634.65 Td (digital ) Tj ET Q q 0 0 0 rg BT 221.38 634.65 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 254.03 634.65 Td (license ) Tj ET Q q 0 0 0 rg BT 278.25 634.65 Td (issued ) Tj ET Q q 0 0 0 rg BT 300.26 634.65 Td (by ) Tj ET Q q 0 0 0 rg BT 310.27 634.65 Td (the ) Tj ET Q q 0 0 0 rg BT 322.05 634.65 Td (Council ) Tj ET Q q 0 0 0 rg BT 349.39 634.65 Td (for ) Tj ET Q q 0 0 0 rg BT 360.72 634.65 Td (Electronic ) Tj ET Q q 0 0 0 rg BT 395.60 634.65 Td (Media, ) Tj ET Q q 0 0 0 rg BT 420.05 634.65 Td (the ) Tj ET Q q 0 0 0 rg BT 431.83 634.65 Td (Bulgarian ) Tj ET Q q 0 0 0 rg BT 465.38 634.65 Td (Media ) Tj ET Q q 0 0 0 rg BT 487.83 634.65 Td (Council, ) Tj ET Q q 0 0 0 rg BT 517.17 634.65 Td (that ) Tj ET Q q 0 0 0 rg BT 531.17 634.65 Td (expires ) Tj ET Q q 0 0 0 rg BT 556.28 634.65 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 625.05 Td (July ) Tj ET Q q 0 0 0 rg BT 64.53 625.05 Td (2024. ) Tj ET Q q 0 0 0 rg BT 84.23 625.05 Td (BTV) Tj ET Q q 0 0 0 rg BT 100.08 625.05 Td ( ) Tj ET Q q 0 0 0 rg BT 101.41 625.05 Td (ACTION ) Tj ET Q q 0 0 0 rg BT 133.32 625.05 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 168.78 625.05 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 198.03 625.05 Td (to ) Tj ET Q q 0 0 0 rg BT 205.95 625.05 Td (a ) Tj ET Q q 0 0 0 rg BT 211.20 625.05 Td (national ) Tj ET Q q 0 0 0 rg BT 238.66 625.05 Td (cable ) Tj ET Q q 0 0 0 rg BT 257.23 625.05 Td (and ) Tj ET Q q 0 0 0 rg BT 270.48 625.05 Td (satellite ) Tj ET Q q 0 0 0 rg BT 297.06 625.05 Td (registration ) Tj ET Q q 0 0 0 rg BT 335.19 625.05 Td (that ) Tj ET Q q 0 0 0 rg BT 348.88 625.05 Td (is ) Tj ET Q q 0 0 0 rg BT 355.91 625.05 Td (valid ) Tj ET Q q 0 0 0 rg BT 373.60 625.05 Td (for ) Tj ET Q q 0 0 0 rg BT 384.63 625.05 Td (an ) Tj ET Q q 0 0 0 rg BT 393.87 625.05 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 426.23 625.05 Td (time ) Tj ET Q q 0 0 0 rg BT 442.14 625.05 Td (period ) Tj ET Q q 0 0 0 rg BT 464.27 625.05 Td (and ) Tj ET Q q 0 0 0 rg BT 477.52 625.05 Td (also ) Tj ET Q q 0 0 0 rg BT 492.10 625.05 Td (has ) Tj ET Q q 0 0 0 rg BT 504.47 625.05 Td (a ) Tj ET Q q 0 0 0 rg BT 509.71 625.05 Td (digital ) Tj ET Q q 0 0 0 rg BT 531.85 625.05 Td (terrestrial ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 615.45 Td (license ) Tj ET Q q 0 0 0 rg BT 73.16 615.45 Td (that ) Tj ET Q q 0 0 0 rg BT 86.61 615.45 Td (expires ) Tj ET Q q 0 0 0 rg BT 111.17 615.45 Td (in ) Tj ET Q q 0 0 0 rg BT 118.84 615.45 Td (January ) Tj ET Q q 0 0 0 rg BT 145.17 615.45 Td (2025 ) Tj ET Q q 0 0 0 rg BT 162.62 615.45 Td (which ) Tj ET Q q 0 0 0 rg BT 183.63 615.45 Td (is ) Tj ET Q q 0 0 0 rg BT 190.41 615.45 Td (not ) Tj ET Q q 0 0 0 rg BT 202.09 615.45 Td (currently ) Tj ET Q q 0 0 0 rg BT 232.42 615.45 Td (in ) Tj ET Q q 0 0 0 rg BT 240.09 615.45 Td (use. ) Tj ET Q q 0 0 0 rg BT 254.21 615.45 Td (BTV) Tj ET Q q 0 0 0 rg BT 270.06 615.45 Td ( ) Tj ET Q q 0 0 0 rg BT 271.51 615.45 Td (CINEMA, ) Tj ET Q q 0 0 0 rg BT 306.52 615.45 Td (BTV) Tj ET Q q 0 0 0 rg BT 322.38 615.45 Td ( ) Tj ET Q q 0 0 0 rg BT 323.83 615.45 Td (COMEDY) Tj ET Q q 0 0 0 rg BT 357.47 615.45 Td (, ) Tj ET Q q 0 0 0 rg BT 360.92 615.45 Td (RING ) Tj ET Q q 0 0 0 rg BT 381.92 615.45 Td (and ) Tj ET Q q 0 0 0 rg BT 394.93 615.45 Td (BTV) Tj ET Q q 0 0 0 rg BT 410.78 615.45 Td ( ) Tj ET Q q 0 0 0 rg BT 412.24 615.45 Td (LADY) Tj ET Q q 0 0 0 rg BT 433.42 615.45 Td (, ) Tj ET Q q 0 0 0 rg BT 436.88 615.45 Td (as ) Tj ET Q q 0 0 0 rg BT 444.99 615.45 Td (well ) Tj ET Q q 0 0 0 rg BT 460.22 615.45 Td (as ) Tj ET Q q 0 0 0 rg BT 468.33 615.45 Td (BTV) Tj ET Q q 0 0 0 rg BT 483.30 615.45 Td (, ) Tj ET Q q 0 0 0 rg BT 486.75 615.45 Td (each ) Tj ET Q q 0 0 0 rg BT 502.86 615.45 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 534.96 615.45 Td (pursuant ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 605.85 Td (to ) Tj ET Q q 0 0 0 rg BT 57.72 605.85 Td (a ) Tj ET Q q 0 0 0 rg BT 63.27 605.85 Td (national ) Tj ET Q q 0 0 0 rg BT 91.04 605.85 Td (cable ) Tj ET Q q 0 0 0 rg BT 109.92 605.85 Td (and ) Tj ET Q q 0 0 0 rg BT 123.47 605.85 Td (satellite ) Tj ET Q q 0 0 0 rg BT 150.35 605.85 Td (registration ) Tj ET Q q 0 0 0 rg BT 188.78 605.85 Td (that ) Tj ET Q q 0 0 0 rg BT 202.78 605.85 Td (is ) Tj ET Q q 0 0 0 rg BT 210.11 605.85 Td (valid ) Tj ET Q q 0 0 0 rg BT 228.11 605.85 Td (for ) Tj ET Q q 0 0 0 rg BT 239.44 605.85 Td (an ) Tj ET Q q 0 0 0 rg BT 248.99 605.85 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 281.64 605.85 Td (time ) Tj ET Q q 0 0 0 rg BT 297.86 605.85 Td (period.) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 49.5 589.18359375 m 100.5654296875 589.18359375 l s q 0 0 0 rg BT 49.50 590.25 Td (Czech ) Tj ET Q q 0 0 0 rg BT 71.68 590.25 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 100.57 590.25 Td (: ) Tj ET Q q 0 0 0 rg BT 104.98 590.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 119.62 590.25 Td (channels ) Tj ET Q q 0 0 0 rg BT 149.80 590.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.22 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.19 590.25 Td (Czech ) Tj ET Q q 0 0 0 rg BT 192.37 590.25 Td (Republic ) Tj ET Q q 0 0 0 rg BT 223.45 590.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 249.18 590.25 Td (under ) Tj ET Q q 0 0 0 rg BT 269.59 590.25 Td (a ) Tj ET Q q 0 0 0 rg BT 275.33 590.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 299.74 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.60 590.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 336.12 590.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 362.30 590.25 Td (by ) Tj ET Q q 0 0 0 rg BT 372.49 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.46 590.25 Td (Czech ) Tj ET Q q 0 0 0 rg BT 406.64 590.25 Td (Republic ) Tj ET Q q 0 0 0 rg BT 437.72 590.25 Td (Media ) Tj ET Q q 0 0 0 rg BT 460.35 590.25 Td (Council, ) Tj ET Q q 0 0 0 rg BT 489.72 590.25 Td (The ) Tj ET Q q 0 0 0 rg BT 504.35 590.25 Td (Council ) Tj ET Q q 0 0 0 rg BT 531.88 590.25 Td (for ) Tj ET Q q 0 0 0 rg BT 543.40 590.25 Td (Radio ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 580.65 Td (and ) Tj ET Q q 0 0 0 rg BT 62.95 580.65 Td (T) Tj ET Q q 0 0 0 rg BT 67.28 580.65 Td (elevision ) Tj ET Q q 0 0 0 rg BT 98.21 580.65 Td (Broadcasting. ) Tj ET Q q 0 0 0 rg BT 144.33 580.65 Td (TV) Tj ET Q q 0 0 0 rg BT 154.85 580.65 Td ( ) Tj ET Q q 0 0 0 rg BT 156.90 580.65 Td (NOV) Tj ET Q q 0 0 0 rg BT 173.20 580.65 Td (A) Tj ET Q q 0 0 0 rg BT 178.54 580.65 Td ( ) Tj ET Q q 0 0 0 rg BT 180.59 580.65 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 216.40 580.65 Td (under ) Tj ET Q q 0 0 0 rg BT 236.67 580.65 Td (a ) Tj ET Q q 0 0 0 rg BT 242.27 580.65 Td (national ) Tj ET Q q 0 0 0 rg BT 270.09 580.65 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 302.79 580.65 Td (license ) Tj ET Q q 0 0 0 rg BT 327.05 580.65 Td (that ) Tj ET Q q 0 0 0 rg BT 341.10 580.65 Td (expires ) Tj ET Q q 0 0 0 rg BT 366.25 580.65 Td (in ) Tj ET Q q 0 0 0 rg BT 374.52 580.65 Td (January ) Tj ET Q q 0 0 0 rg BT 401.45 580.65 Td (2025. ) Tj ET Q q 0 0 0 rg BT 421.36 580.65 Td (TV) Tj ET Q q 0 0 0 rg BT 431.88 580.65 Td ( ) Tj ET Q q 0 0 0 rg BT 433.93 580.65 Td (NOV) Tj ET Q q 0 0 0 rg BT 450.23 580.65 Td (A) Tj ET Q q 0 0 0 rg BT 455.56 580.65 Td ( ) Tj ET Q q 0 0 0 rg BT 457.61 580.65 Td (may ) Tj ET Q q 0 0 0 rg BT 473.44 580.65 Td (also ) Tj ET Q q 0 0 0 rg BT 488.38 580.65 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 521.08 580.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 550.68 580.65 Td (to ) Tj ET Q q 0 0 0 rg BT 558.95 580.65 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 571.05 Td (satellite ) Tj ET Q q 0 0 0 rg BT 76.00 571.05 Td (license ) Tj ET Q q 0 0 0 rg BT 99.83 571.05 Td (that ) Tj ET Q q 0 0 0 rg BT 113.45 571.05 Td (expires ) Tj ET Q q 0 0 0 rg BT 138.17 571.05 Td (in ) Tj ET Q q 0 0 0 rg BT 146.01 571.05 Td (December ) Tj ET Q q 0 0 0 rg BT 180.50 571.05 Td (2020. ) Tj ET Q q 0 0 0 rg BT 200.12 571.05 Td (NOV) Tj ET Q q 0 0 0 rg BT 216.42 571.05 Td (A) Tj ET Q q 0 0 0 rg BT 221.75 571.05 Td ( ) Tj ET Q q 0 0 0 rg BT 223.38 571.05 Td (CINEMA) Tj ET Q q 0 0 0 rg BT 254.49 571.05 Td ( ) Tj ET Q q 0 0 0 rg BT 256.11 571.05 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 291.49 571.05 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 320.67 571.05 Td (to ) Tj ET Q q 0 0 0 rg BT 328.51 571.05 Td (a ) Tj ET Q q 0 0 0 rg BT 333.68 571.05 Td (national ) Tj ET Q q 0 0 0 rg BT 361.07 571.05 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 393.34 571.05 Td (digital ) Tj ET Q q 0 0 0 rg BT 415.40 571.05 Td (license ) Tj ET Q q 0 0 0 rg BT 439.23 571.05 Td (that ) Tj ET Q q 0 0 0 rg BT 452.85 571.05 Td (expires ) Tj ET Q q 0 0 0 rg BT 477.57 571.05 Td (in ) Tj ET Q q 0 0 0 rg BT 485.41 571.05 Td (September ) Tj ET Q q 0 0 0 rg BT 521.24 571.05 Td (2023. ) Tj ET Q q 0 0 0 rg BT 540.86 571.05 Td (NOV) Tj ET Q q 0 0 0 rg BT 557.16 571.05 Td (A) Tj ET Q q 0 0 0 rg BT 562.50 571.05 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 561.45 Td (CINEMA) Tj ET Q q 0 0 0 rg BT 80.61 561.45 Td ( ) Tj ET Q q 0 0 0 rg BT 82.85 561.45 Td (also ) Tj ET Q q 0 0 0 rg BT 97.97 561.45 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 133.97 561.45 Td (via ) Tj ET Q q 0 0 0 rg BT 145.98 561.45 Td (satellite ) Tj ET Q q 0 0 0 rg BT 173.09 561.45 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 202.88 561.45 Td (to ) Tj ET Q q 0 0 0 rg BT 211.33 561.45 Td (a ) Tj ET Q q 0 0 0 rg BT 217.12 561.45 Td (license ) Tj ET Q q 0 0 0 rg BT 241.56 561.45 Td (that ) Tj ET Q q 0 0 0 rg BT 255.79 561.45 Td (is ) Tj ET Q q 0 0 0 rg BT 263.36 561.45 Td (valid ) Tj ET Q q 0 0 0 rg BT 281.59 561.45 Td (until ) Tj ET Q q 0 0 0 rg BT 298.50 561.45 Td (November ) Tj ET Q q 0 0 0 rg BT 334.50 561.45 Td (2019. ) Tj ET Q q 0 0 0 rg BT 354.73 561.45 Td (NOV) Tj ET Q q 0 0 0 rg BT 371.03 561.45 Td (A) Tj ET Q q 0 0 0 rg BT 376.37 561.45 Td ( ) Tj ET Q q 0 0 0 rg BT 378.60 561.45 Td (SPOR) Tj ET Q q 0 0 0 rg BT 398.13 561.45 Td (T) Tj ET Q q 0 0 0 rg BT 402.88 561.45 Td ( ) Tj ET Q q 0 0 0 rg BT 405.11 561.45 Td (1 ) Tj ET Q q 0 0 0 rg BT 411.34 561.45 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 447.34 561.45 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 477.13 561.45 Td (to ) Tj ET Q q 0 0 0 rg BT 485.59 561.45 Td (a ) Tj ET Q q 0 0 0 rg BT 491.37 561.45 Td (license ) Tj ET Q q 0 0 0 rg BT 515.82 561.45 Td (that ) Tj ET Q q 0 0 0 rg BT 530.05 561.45 Td (allows ) Tj ET Q q 0 0 0 rg BT 553.17 561.45 Td (for ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 551.85 Td (both ) Tj ET Q q 0 0 0 rg BT 65.73 551.85 Td (satellite ) Tj ET Q q 0 0 0 rg BT 92.62 551.85 Td (and ) Tj ET Q q 0 0 0 rg BT 106.18 551.85 Td (cable ) Tj ET Q q 0 0 0 rg BT 125.07 551.85 Td (transmission ) Tj ET Q q 0 0 0 rg BT 167.52 551.85 Td (that ) Tj ET Q q 0 0 0 rg BT 181.53 551.85 Td (expires ) Tj ET Q q 0 0 0 rg BT 206.64 551.85 Td (in ) Tj ET Q q 0 0 0 rg BT 214.87 551.85 Td (October ) Tj ET Q q 0 0 0 rg BT 242.65 551.85 Td (2020. ) Tj ET Q q 0 0 0 rg BT 262.66 551.85 Td (NOV) Tj ET Q q 0 0 0 rg BT 278.96 551.85 Td (A) Tj ET Q q 0 0 0 rg BT 284.29 551.85 Td ( ) Tj ET Q q 0 0 0 rg BT 286.30 551.85 Td (SPOR) Tj ET Q q 0 0 0 rg BT 305.83 551.85 Td (T) Tj ET Q q 0 0 0 rg BT 310.58 551.85 Td ( ) Tj ET Q q 0 0 0 rg BT 312.59 551.85 Td (2 ) Tj ET Q q 0 0 0 rg BT 318.60 551.85 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 354.37 551.85 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 383.93 551.85 Td (to ) Tj ET Q q 0 0 0 rg BT 392.16 551.85 Td (a ) Tj ET Q q 0 0 0 rg BT 397.72 551.85 Td (satellite ) Tj ET Q q 0 0 0 rg BT 424.61 551.85 Td (license ) Tj ET Q q 0 0 0 rg BT 448.83 551.85 Td (that ) Tj ET Q q 0 0 0 rg BT 462.84 551.85 Td (expires ) Tj ET Q q 0 0 0 rg BT 487.95 551.85 Td (in ) Tj ET Q q 0 0 0 rg BT 495.74 551.85 Td (August ) Tj ET Q q 0 0 0 rg BT 520.86 551.85 Td (2027. ) Tj ET Q q 0 0 0 rg BT 540.87 551.85 Td (NOV) Tj ET Q q 0 0 0 rg BT 557.17 551.85 Td (A) Tj ET Q q 0 0 0 rg BT 562.51 551.85 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 542.25 Td (ACTION ) Tj ET Q q 0 0 0 rg BT 82.19 542.25 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 118.43 542.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 148.45 542.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.14 542.25 Td (a ) Tj ET Q q 0 0 0 rg BT 163.17 542.25 Td (satellite ) Tj ET Q q 0 0 0 rg BT 190.52 542.25 Td (license ) Tj ET Q q 0 0 0 rg BT 215.20 542.25 Td (that ) Tj ET Q q 0 0 0 rg BT 229.67 542.25 Td (expires ) Tj ET Q q 0 0 0 rg BT 255.24 542.25 Td (in ) Tj ET Q q 0 0 0 rg BT 263.94 542.25 Td (July ) Tj ET Q q 0 0 0 rg BT 279.74 542.25 Td (2024, ) Tj ET Q q 0 0 0 rg BT 300.21 542.25 Td (a ) Tj ET Q q 0 0 0 rg BT 306.24 542.25 Td (national ) Tj ET Q q 0 0 0 rg BT 334.48 542.25 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 367.60 542.25 Td (license ) Tj ET Q q 0 0 0 rg BT 392.28 542.25 Td (that ) Tj ET Q q 0 0 0 rg BT 406.75 542.25 Td (expires ) Tj ET Q q 0 0 0 rg BT 432.32 542.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.02 542.25 Td (September ) Tj ET Q q 0 0 0 rg BT 477.70 542.25 Td (2023. ) Tj ET Q q 0 0 0 rg BT 498.17 542.25 Td (NOV) Tj ET Q q 0 0 0 rg BT 514.47 542.25 Td (A) Tj ET Q q 0 0 0 rg BT 519.81 542.25 Td ( ) Tj ET Q q 0 0 0 rg BT 522.28 542.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 528.75 542.25 Td (broadcasts ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 532.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 79.18 532.65 Td (to ) Tj ET Q q 0 0 0 rg BT 87.53 532.65 Td (a ) Tj ET Q q 0 0 0 rg BT 93.21 532.65 Td (national ) Tj ET Q q 0 0 0 rg BT 121.11 532.65 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 153.88 532.65 Td (license ) Tj ET Q q 0 0 0 rg BT 178.22 532.65 Td (that ) Tj ET Q q 0 0 0 rg BT 192.34 532.65 Td (expires ) Tj ET Q q 0 0 0 rg BT 217.57 532.65 Td (in ) Tj ET Q q 0 0 0 rg BT 225.92 532.65 Td (December ) Tj ET Q q 0 0 0 rg BT 260.92 532.65 Td (2024, ) Tj ET Q q 0 0 0 rg BT 281.05 532.65 Td (a ) Tj ET Q q 0 0 0 rg BT 286.73 532.65 Td (satellite ) Tj ET Q q 0 0 0 rg BT 313.73 532.65 Td (license ) Tj ET Q q 0 0 0 rg BT 338.07 532.65 Td (that ) Tj ET Q q 0 0 0 rg BT 352.20 532.65 Td (expires ) Tj ET Q q 0 0 0 rg BT 377.43 532.65 Td (in ) Tj ET Q q 0 0 0 rg BT 385.78 532.65 Td (February ) Tj ET Q q 0 0 0 rg BT 416.78 532.65 Td (2025. ) Tj ET Q q 0 0 0 rg BT 436.91 532.65 Td (NOV) Tj ET Q q 0 0 0 rg BT 453.21 532.65 Td (A) Tj ET Q q 0 0 0 rg BT 458.55 532.65 Td ( ) Tj ET Q q 0 0 0 rg BT 460.68 532.65 Td (GOLD ) Tj ET Q q 0 0 0 rg BT 485.02 532.65 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 520.92 532.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 550.59 532.65 Td (to ) Tj ET Q q 0 0 0 rg BT 558.95 532.65 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 523.05 Td (national ) Tj ET Q q 0 0 0 rg BT 77.30 523.05 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 109.98 523.05 Td (license ) Tj ET Q q 0 0 0 rg BT 134.22 523.05 Td (and ) Tj ET Q q 0 0 0 rg BT 147.80 523.05 Td (a ) Tj ET Q q 0 0 0 rg BT 153.39 523.05 Td (satellite ) Tj ET Q q 0 0 0 rg BT 180.30 523.05 Td (license ) Tj ET Q q 0 0 0 rg BT 204.54 523.05 Td (that ) Tj ET Q q 0 0 0 rg BT 218.57 523.05 Td (each ) Tj ET Q q 0 0 0 rg BT 235.25 523.05 Td (expire ) Tj ET Q q 0 0 0 rg BT 257.27 523.05 Td (in ) Tj ET Q q 0 0 0 rg BT 265.52 523.05 Td (February ) Tj ET Q q 0 0 0 rg BT 296.43 523.05 Td (2025. ) Tj ET Q q 0 0 0 rg BT 316.46 523.05 Td (In ) Tj ET Q q 0 0 0 rg BT 325.16 523.05 Td (addition, ) Tj ET Q q 0 0 0 rg BT 355.41 523.05 Td (each ) Tj ET Q q 0 0 0 rg BT 372.09 523.05 Td (channel ) Tj ET Q q 0 0 0 rg BT 399.00 523.05 Td (has ) Tj ET Q q 0 0 0 rg BT 411.70 523.05 Td (a ) Tj ET Q q 0 0 0 rg BT 417.28 523.05 Td (license ) Tj ET Q q 0 0 0 rg BT 441.52 523.05 Td (that ) Tj ET Q q 0 0 0 rg BT 455.55 523.05 Td (permits ) Tj ET Q q 0 0 0 rg BT 481.57 523.05 Td (internet ) Tj ET Q q 0 0 0 rg BT 508.04 523.05 Td (transmission ) Tj ET Q q 0 0 0 rg BT 550.52 523.05 Td (that ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 513.45 Td (expires ) Tj ET Q q 0 0 0 rg BT 74.60 513.45 Td (in ) Tj ET Q q 0 0 0 rg BT 82.82 513.45 Td (June ) Tj ET Q q 0 0 0 rg BT 99.49 513.45 Td (2030. ) Tj ET Q q 0 0 0 rg BT 119.49 513.45 Td (NOV) Tj ET Q q 0 0 0 rg BT 135.79 513.45 Td (A) Tj ET Q q 0 0 0 rg BT 141.13 513.45 Td ( ) Tj ET Q q 0 0 0 rg BT 143.13 513.45 Td (INTERNA) Tj ET Q q 0 0 0 rg BT 177.34 513.45 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 206.82 513.45 Td ( ) Tj ET Q q 0 0 0 rg BT 208.82 513.45 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 244.58 513.45 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 274.13 513.45 Td (to ) Tj ET Q q 0 0 0 rg BT 282.36 513.45 Td (a ) Tj ET Q q 0 0 0 rg BT 287.91 513.45 Td (license ) Tj ET Q q 0 0 0 rg BT 312.12 513.45 Td (that ) Tj ET Q q 0 0 0 rg BT 326.11 513.45 Td (permits ) Tj ET Q q 0 0 0 rg BT 352.11 513.45 Td (internet ) Tj ET Q q 0 0 0 rg BT 378.54 513.45 Td (transmission ) Tj ET Q q 0 0 0 rg BT 420.99 513.45 Td (which ) Tj ET Q q 0 0 0 rg BT 442.54 513.45 Td (expires ) Tj ET Q q 0 0 0 rg BT 467.64 513.45 Td (in ) Tj ET Q q 0 0 0 rg BT 475.86 513.45 Td (January ) Tj ET Q q 0 0 0 rg BT 502.74 513.45 Td (2028.) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 49.5 496.78359375 m 78.3828125 496.78359375 l s q 0 0 0 rg BT 49.50 497.85 Td (Romania) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 78.38 497.85 Td (: ) Tj ET Q q 0 0 0 rg BT 82.47 497.85 Td (PRO ) Tj ET Q q 0 0 0 rg BT 99.76 497.85 Td (TV) Tj ET Q q 0 0 0 rg BT 110.28 497.85 Td ( ) Tj ET Q q 0 0 0 rg BT 112.14 497.85 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 147.76 497.85 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 177.18 497.85 Td (to ) Tj ET Q q 0 0 0 rg BT 185.26 497.85 Td (a ) Tj ET Q q 0 0 0 rg BT 190.67 497.85 Td (national ) Tj ET Q q 0 0 0 rg BT 218.30 497.85 Td (satellite ) Tj ET Q q 0 0 0 rg BT 245.04 497.85 Td (license ) Tj ET Q q 0 0 0 rg BT 269.12 497.85 Td (granted ) Tj ET Q q 0 0 0 rg BT 294.97 497.85 Td (by ) Tj ET Q q 0 0 0 rg BT 304.83 497.85 Td (the ) Tj ET Q q 0 0 0 rg BT 316.46 497.85 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 351.21 497.85 Td (Media ) Tj ET Q q 0 0 0 rg BT 373.50 497.85 Td (Council, ) Tj ET Q q 0 0 0 rg BT 402.70 497.85 Td (the ) Tj ET Q q 0 0 0 rg BT 414.33 497.85 Td (National ) Tj ET Q q 0 0 0 rg BT 443.33 497.85 Td (Audio-V) Tj ET Q q 0 0 0 rg BT 471.29 497.85 Td (isual ) Tj ET Q q 0 0 0 rg BT 488.26 497.85 Td (Council, ) Tj ET Q q 0 0 0 rg BT 517.46 497.85 Td (that ) Tj ET Q q 0 0 0 rg BT 531.31 497.85 Td (expires ) Tj ET Q q 0 0 0 rg BT 556.28 497.85 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (May ) Tj ET Q q 0 0 0 rg BT 66.29 488.25 Td (2023. ) Tj ET Q q 0 0 0 rg BT 86.41 488.25 Td (PRO ) Tj ET Q q 0 0 0 rg BT 104.09 488.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 110.21 488.25 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 146.10 488.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 175.77 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.11 488.25 Td (a ) Tj ET Q q 0 0 0 rg BT 189.79 488.25 Td (national ) Tj ET Q q 0 0 0 rg BT 217.68 488.25 Td (satellite ) Tj ET Q q 0 0 0 rg BT 244.68 488.25 Td (license ) Tj ET Q q 0 0 0 rg BT 269.01 488.25 Td (that ) Tj ET Q q 0 0 0 rg BT 283.13 488.25 Td (expires ) Tj ET Q q 0 0 0 rg BT 308.35 488.25 Td (in ) Tj ET Q q 0 0 0 rg BT 316.69 488.25 Td (January ) Tj ET Q q 0 0 0 rg BT 343.69 488.25 Td (2025. ) Tj ET Q q 0 0 0 rg BT 363.81 488.25 Td (PRO ) Tj ET Q q 0 0 0 rg BT 381.50 488.25 Td (GOLD ) Tj ET Q q 0 0 0 rg BT 405.84 488.25 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 441.72 488.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 471.39 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 479.74 488.25 Td (a ) Tj ET Q q 0 0 0 rg BT 485.41 488.25 Td (national ) Tj ET Q q 0 0 0 rg BT 513.30 488.25 Td (satellite ) Tj ET Q q 0 0 0 rg BT 540.30 488.25 Td (license ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 478.65 Td (that ) Tj ET Q q 0 0 0 rg BT 63.60 478.65 Td (expires ) Tj ET Q q 0 0 0 rg BT 88.81 478.65 Td (in ) Tj ET Q q 0 0 0 rg BT 96.68 478.65 Td (April ) Tj ET Q q 0 0 0 rg BT 115.68 478.65 Td (2021. ) Tj ET Q q 0 0 0 rg BT 135.78 478.65 Td (PRO ) Tj ET Q q 0 0 0 rg BT 153.45 478.65 Td (CINEMA) Tj ET Q q 0 0 0 rg BT 184.57 478.65 Td ( ) Tj ET Q q 0 0 0 rg BT 186.68 478.65 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 222.55 478.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 252.21 478.65 Td (to ) Tj ET Q q 0 0 0 rg BT 260.54 478.65 Td (a ) Tj ET Q q 0 0 0 rg BT 266.20 478.65 Td (national ) Tj ET Q q 0 0 0 rg BT 294.08 478.65 Td (satellite ) Tj ET Q q 0 0 0 rg BT 321.06 478.65 Td (license ) Tj ET Q q 0 0 0 rg BT 345.38 478.65 Td (that ) Tj ET Q q 0 0 0 rg BT 359.49 478.65 Td (expires ) Tj ET Q q 0 0 0 rg BT 384.70 478.65 Td (in ) Tj ET Q q 0 0 0 rg BT 392.56 478.65 Td (April ) Tj ET Q q 0 0 0 rg BT 411.56 478.65 Td (2022. ) Tj ET Q q 0 0 0 rg BT 431.67 478.65 Td (PRO ) Tj ET Q q 0 0 0 rg BT 449.34 478.65 Td (X ) Tj ET Q q 0 0 0 rg BT 457.22 478.65 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 493.10 478.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 522.76 478.65 Td (to ) Tj ET Q q 0 0 0 rg BT 531.09 478.65 Td (a ) Tj ET Q q 0 0 0 rg BT 536.75 478.65 Td (national ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 469.05 Td (satellite ) Tj ET Q q 0 0 0 rg BT 76.92 469.05 Td (license ) Tj ET Q q 0 0 0 rg BT 101.68 469.05 Td (that ) Tj ET Q q 0 0 0 rg BT 116.22 469.05 Td (expires ) Tj ET Q q 0 0 0 rg BT 141.87 469.05 Td (in ) Tj ET Q q 0 0 0 rg BT 150.64 469.05 Td (July ) Tj ET Q q 0 0 0 rg BT 166.52 469.05 Td (2021. ) Tj ET Q q 0 0 0 rg BT 187.07 469.05 Td (PRO ) Tj ET Q q 0 0 0 rg BT 204.99 469.05 Td (TV) Tj ET Q q 0 0 0 rg BT 215.51 469.05 Td ( ) Tj ET Q q 0 0 0 rg BT 218.06 469.05 Td (INTERNA) Tj ET Q q 0 0 0 rg BT 252.28 469.05 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 281.75 469.05 Td ( ) Tj ET Q q 0 0 0 rg BT 284.29 469.05 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 320.61 469.05 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 350.70 469.05 Td (to ) Tj ET Q q 0 0 0 rg BT 359.47 469.05 Td (a ) Tj ET Q q 0 0 0 rg BT 365.57 469.05 Td (national ) Tj ET Q q 0 0 0 rg BT 393.88 469.05 Td (satellite ) Tj ET Q q 0 0 0 rg BT 421.31 469.05 Td (license ) Tj ET Q q 0 0 0 rg BT 446.06 469.05 Td (that ) Tj ET Q q 0 0 0 rg BT 460.61 469.05 Td (expires ) Tj ET Q q 0 0 0 rg BT 486.25 469.05 Td (in ) Tj ET Q q 0 0 0 rg BT 495.02 469.05 Td (May ) Tj ET Q q 0 0 0 rg BT 512.23 469.05 Td (2027 ) Tj ET Q q 0 0 0 rg BT 530.78 469.05 Td (and ) Tj ET Q q 0 0 0 rg BT 544.88 469.05 Td (MTV) Tj ET Q q 0 0 0 rg BT 562.51 469.05 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 459.45 Td (ROMANIA) Tj ET Q q 0 0 0 rg BT 87.28 459.45 Td ( ) Tj ET Q q 0 0 0 rg BT 89.32 459.45 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 125.13 459.45 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 154.72 459.45 Td (to ) Tj ET Q q 0 0 0 rg BT 162.98 459.45 Td (a ) Tj ET Q q 0 0 0 rg BT 168.57 459.45 Td (national ) Tj ET Q q 0 0 0 rg BT 196.38 459.45 Td (satellite ) Tj ET Q q 0 0 0 rg BT 223.30 459.45 Td (license ) Tj ET Q q 0 0 0 rg BT 247.55 459.45 Td (which ) Tj ET Q q 0 0 0 rg BT 269.14 459.45 Td (terminates ) Tj ET Q q 0 0 0 rg BT 304.50 459.45 Td (in ) Tj ET Q q 0 0 0 rg BT 312.76 459.45 Td (February ) Tj ET Q q 0 0 0 rg BT 343.68 459.45 Td (2019. ) Tj ET Q q 0 0 0 rg BT 363.72 459.45 Td (PRO ) Tj ET Q q 0 0 0 rg BT 381.33 459.45 Td (2 ) Tj ET Q q 0 0 0 rg BT 387.37 459.45 Td (also ) Tj ET Q q 0 0 0 rg BT 402.29 459.45 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 438.10 459.45 Td (in ) Tj ET Q q 0 0 0 rg BT 446.36 459.45 Td (high-definition ) Tj ET Q q 0 0 0 rg BT 496.39 459.45 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 525.98 459.45 Td (to ) Tj ET Q q 0 0 0 rg BT 534.25 459.45 Td (a ) Tj ET Q q 0 0 0 rg BT 539.84 459.45 Td (written ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 449.85 Td (consent ) Tj ET Q q 0 0 0 rg BT 75.93 449.85 Td (from ) Tj ET Q q 0 0 0 rg BT 93.48 449.85 Td (the ) Tj ET Q q 0 0 0 rg BT 105.24 449.85 Td (Media ) Tj ET Q q 0 0 0 rg BT 127.68 449.85 Td (Council. ) Tj ET Q q 0 0 0 rg BT 157.00 449.85 Td (PRO ) Tj ET Q q 0 0 0 rg BT 174.41 449.85 Td (TV) Tj ET Q q 0 0 0 rg BT 184.93 449.85 Td ( ) Tj ET Q q 0 0 0 rg BT 186.93 449.85 Td (CHISINAU ) Tj ET Q q 0 0 0 rg BT 227.15 449.85 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 262.90 449.85 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 292.45 449.85 Td (to ) Tj ET Q q 0 0 0 rg BT 300.67 449.85 Td (a ) Tj ET Q q 0 0 0 rg BT 306.21 449.85 Td (cable ) Tj ET Q q 0 0 0 rg BT 325.08 449.85 Td (license ) Tj ET Q q 0 0 0 rg BT 349.29 449.85 Td (granted ) Tj ET Q q 0 0 0 rg BT 375.27 449.85 Td (by ) Tj ET Q q 0 0 0 rg BT 385.26 449.85 Td (the ) Tj ET Q q 0 0 0 rg BT 396.59 449.85 Td (Audio-V) Tj ET Q q 0 0 0 rg BT 424.55 449.85 Td (isual ) Tj ET Q q 0 0 0 rg BT 441.65 449.85 Td (Coordinating ) Tj ET Q q 0 0 0 rg BT 485.87 449.85 Td (Council ) Tj ET Q q 0 0 0 rg BT 513.19 449.85 Td (of ) Tj ET Q q 0 0 0 rg BT 521.85 449.85 Td (the ) Tj ET Q q 0 0 0 rg BT 533.62 449.85 Td (Republic ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 440.25 Td (Moldova ) Tj ET Q q 0 0 0 rg BT 89.05 440.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 103.49 440.25 Td ("A) Tj ET Q q 0 0 0 rg BT 111.50 440.25 Td (VCC"\) ) Tj ET Q q 0 0 0 rg BT 135.88 440.25 Td (that ) Tj ET Q q 0 0 0 rg BT 149.88 440.25 Td (expires ) Tj ET Q q 0 0 0 rg BT 174.98 440.25 Td (in ) Tj ET Q q 0 0 0 rg BT 183.20 440.25 Td (November ) Tj ET Q q 0 0 0 rg BT 218.96 440.25 Td (2023.) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 49.5 423.58359375 m 101.9365234375 423.58359375 l s q 0 0 0 rg BT 49.50 424.65 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 73.05 424.65 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.94 424.65 Td (: ) Tj ET Q q 0 0 0 rg BT 105.39 424.65 Td (TV) Tj ET Q q 0 0 0 rg BT 115.91 424.65 Td ( ) Tj ET Q q 0 0 0 rg BT 117.24 424.65 Td (MARKIZA, ) Tj ET Q q 0 0 0 rg BT 157.91 424.65 Td (DOMA) Tj ET Q q 0 0 0 rg BT 181.91 424.65 Td ( ) Tj ET Q q 0 0 0 rg BT 183.24 424.65 Td (and ) Tj ET Q q 0 0 0 rg BT 196.12 424.65 Td (DAJT) Tj ET Q q 0 0 0 rg BT 215.53 424.65 Td (O ) Tj ET Q q 0 0 0 rg BT 222.64 424.65 Td (each ) Tj ET Q q 0 0 0 rg BT 238.63 424.65 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 270.61 424.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 299.49 424.65 Td (to ) Tj ET Q q 0 0 0 rg BT 307.05 424.65 Td (a ) Tj ET Q q 0 0 0 rg BT 311.93 424.65 Td (national ) Tj ET Q q 0 0 0 rg BT 339.03 424.65 Td (license ) Tj ET Q q 0 0 0 rg BT 362.57 424.65 Td (for ) Tj ET Q q 0 0 0 rg BT 373.23 424.65 Td (digital ) Tj ET Q q 0 0 0 rg BT 395.00 424.65 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 437.21 424.65 Td (granted ) Tj ET Q q 0 0 0 rg BT 462.53 424.65 Td (by ) Tj ET Q q 0 0 0 rg BT 471.86 424.65 Td (the ) Tj ET Q q 0 0 0 rg BT 482.96 424.65 Td (Council ) Tj ET Q q 0 0 0 rg BT 509.63 424.65 Td (for ) Tj ET Q q 0 0 0 rg BT 520.28 424.65 Td (Broadcasting ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 415.05 Td (and ) Tj ET Q q 0 0 0 rg BT 63.14 415.05 Td (Retransmission, ) Tj ET Q q 0 0 0 rg BT 116.56 415.05 Td (the ) Tj ET Q q 0 0 0 rg BT 128.42 415.05 Td (Media ) Tj ET Q q 0 0 0 rg BT 150.95 415.05 Td (Council ) Tj ET Q q 0 0 0 rg BT 178.37 415.05 Td (of ) Tj ET Q q 0 0 0 rg BT 187.12 415.05 Td (the ) Tj ET Q q 0 0 0 rg BT 198.98 415.05 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 223.29 415.05 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 256.26 415.05 Td (which ) Tj ET Q q 0 0 0 rg BT 277.90 415.05 Td (is ) Tj ET Q q 0 0 0 rg BT 285.32 415.05 Td (valid ) Tj ET Q q 0 0 0 rg BT 303.41 415.05 Td (for ) Tj ET Q q 0 0 0 rg BT 314.82 415.05 Td (an ) Tj ET Q q 0 0 0 rg BT 324.46 415.05 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 357.21 415.05 Td (period. ) Tj ET Q q 0 0 0 rg BT 381.73 415.05 Td (MARKIZA) Tj ET Q q 0 0 0 rg BT 418.62 415.05 Td ( ) Tj ET Q q 0 0 0 rg BT 420.71 415.05 Td (INTERNA) Tj ET Q q 0 0 0 rg BT 454.93 415.05 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 484.40 415.05 Td ( ) Tj ET Q q 0 0 0 rg BT 486.49 415.05 Td (is ) Tj ET Q q 0 0 0 rg BT 493.91 415.05 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 526.65 415.05 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 556.29 415.05 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 405.45 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 405.45 Td (license ) Tj ET Q q 0 0 0 rg BT 85.48 405.45 Td (granted ) Tj ET Q q 0 0 0 rg BT 111.47 405.45 Td (to ) Tj ET Q q 0 0 0 rg BT 119.55 405.45 Td (TV) Tj ET Q q 0 0 0 rg BT 130.07 405.45 Td ( ) Tj ET Q q 0 0 0 rg BT 132.07 405.45 Td (MARKIZA.) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 49.5 388.78359375 m 77.49609375 388.78359375 l s q 0 0 0 rg BT 49.50 389.85 Td (Slovenia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 77.50 389.85 Td (: ) Tj ET Q q 0 0 0 rg BT 82.26 389.85 Td (Our ) Tj ET Q q 0 0 0 rg BT 97.25 389.85 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 131.79 389.85 Td (channels ) Tj ET Q q 0 0 0 rg BT 162.32 389.85 Td (POP) Tj ET Q q 0 0 0 rg BT 176.70 389.85 Td ( ) Tj ET Q q 0 0 0 rg BT 179.06 389.85 Td (TV) Tj ET Q q 0 0 0 rg BT 188.69 389.85 Td (, ) Tj ET Q q 0 0 0 rg BT 193.24 389.85 Td (KANAL) Tj ET Q q 0 0 0 rg BT 220.94 389.85 Td ( ) Tj ET Q q 0 0 0 rg BT 222.92 389.85 Td (A, ) Tj ET Q q 0 0 0 rg BT 233.24 389.85 Td (KINO, ) Tj ET Q q 0 0 0 rg BT 257.78 389.85 Td (BRIO ) Tj ET Q q 0 0 0 rg BT 279.44 389.85 Td (and ) Tj ET Q q 0 0 0 rg BT 293.53 389.85 Td (OT) Tj ET Q q 0 0 0 rg BT 304.05 389.85 Td (O ) Tj ET Q q 0 0 0 rg BT 312.37 389.85 Td (each ) Tj ET Q q 0 0 0 rg BT 329.57 389.85 Td (have ) Tj ET Q q 0 0 0 rg BT 347.21 389.85 Td (licenses ) Tj ET Q q 0 0 0 rg BT 375.08 389.85 Td (granted ) Tj ET Q q 0 0 0 rg BT 401.61 389.85 Td (by ) Tj ET Q q 0 0 0 rg BT 412.16 389.85 Td (the ) Tj ET Q q 0 0 0 rg BT 423.91 389.85 Td (Agency ) Tj ET Q q 0 0 0 rg BT 451.34 389.85 Td (for ) Tj ET Q q 0 0 0 rg BT 463.21 389.85 Td (Communication ) Tj ET Q q 0 0 0 rg BT 517.30 389.85 Td (Networks ) Tj ET Q q 0 0 0 rg BT 550.95 389.85 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 78.40 380.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.85 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.42 380.25 Td (Republic ) Tj ET Q q 0 0 0 rg BT 129.10 380.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.56 380.25 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 167.35 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.69 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.26 380.25 Td (Ministry ) Tj ET Q q 0 0 0 rg BT 221.61 380.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.07 380.25 Td (Culture, ) Tj ET Q q 0 0 0 rg BT 257.86 380.25 Td (that ) Tj ET Q q 0 0 0 rg BT 271.65 380.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 291.22 380.25 Td (for ) Tj ET Q q 0 0 0 rg BT 302.34 380.25 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 345.01 380.25 Td (on ) Tj ET Q q 0 0 0 rg BT 354.80 380.25 Td (any ) Tj ET Q q 0 0 0 rg BT 368.15 380.25 Td (platform, ) Tj ET Q q 0 0 0 rg BT 399.49 380.25 Td (including ) Tj ET Q q 0 0 0 rg BT 431.50 380.25 Td (digital, ) Tj ET Q q 0 0 0 rg BT 455.73 380.25 Td (cable ) Tj ET Q q 0 0 0 rg BT 474.40 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.75 380.25 Td (satellite. ) Tj ET Q q 0 0 0 rg BT 516.29 380.25 Td (These ) Tj ET Q q 0 0 0 rg BT 537.19 380.25 Td (licenses ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 370.65 Td (are ) Tj ET Q q 0 0 0 rg BT 61.27 370.65 Td (valid ) Tj ET Q q 0 0 0 rg BT 79.26 370.65 Td (for ) Tj ET Q q 0 0 0 rg BT 90.59 370.65 Td (an ) Tj ET Q q 0 0 0 rg BT 100.14 370.65 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 132.80 370.65 Td (time ) Tj ET Q q 0 0 0 rg BT 149.02 370.65 Td (period.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 352.05 Td (OTHER ) Tj ET Q q 0 0 0 rg BT 80.39 352.05 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 118.91 352.05 Td (TION) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 333.45 Td (Employees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 317.85 Td (As ) Tj ET Q q 0 0 0 rg BT 60.39 317.85 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 69.05 317.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 115.92 317.85 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 131.92 317.85 Td (, ) Tj ET Q q 0 0 0 rg BT 135.92 317.85 Td (we ) Tj ET Q q 0 0 0 rg BT 147.25 317.85 Td (had ) Tj ET Q q 0 0 0 rg BT 160.80 317.85 Td (a ) Tj ET Q q 0 0 0 rg BT 166.35 317.85 Td (total ) Tj ET Q q 0 0 0 rg BT 182.57 317.85 Td (of ) Tj ET Q q 0 0 0 rg BT 191.23 317.85 Td (approximately ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.44 317.85 Td (2,600) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.44 317.85 Td ( ) Tj ET Q q 0 0 0 rg BT 259.44 317.85 Td (employees ) Tj ET Q q 0 0 0 rg BT 295.65 317.85 Td (\(including ) Tj ET Q q 0 0 0 rg BT 330.54 317.85 Td (contractors\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 299.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 87.04 299.25 Td (Information) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 283.65 Td (CME ) Tj ET Q q 0 0 0 rg BT 69.43 283.65 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 85.14 283.65 Td (was ) Tj ET Q q 0 0 0 rg BT 100.17 283.65 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 143.20 283.65 Td (in ) Tj ET Q q 0 0 0 rg BT 152.01 283.65 Td (1994 ) Tj ET Q q 0 0 0 rg BT 170.61 283.65 Td (under ) Tj ET Q q 0 0 0 rg BT 191.42 283.65 Td (the ) Tj ET Q q 0 0 0 rg BT 203.79 283.65 Td (laws ) Tj ET Q q 0 0 0 rg BT 221.05 283.65 Td (of ) Tj ET Q q 0 0 0 rg BT 230.31 283.65 Td (Bermuda. ) Tj ET Q q 0 0 0 rg BT 264.23 283.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 279.27 283.65 Td (registered ) Tj ET Q q 0 0 0 rg BT 313.40 283.65 Td (of) Tj ET Q q 0 0 0 rg BT 319.92 283.65 Td (fices ) Tj ET Q q 0 0 0 rg BT 337.62 283.65 Td (are ) Tj ET Q q 0 0 0 rg BT 349.98 283.65 Td (located ) Tj ET Q q 0 0 0 rg BT 375.67 283.65 Td (at ) Tj ET Q q 0 0 0 rg BT 384.04 283.65 Td (O'Hara ) Tj ET Q q 0 0 0 rg BT 409.40 283.65 Td (House, ) Tj ET Q q 0 0 0 rg BT 434.44 283.65 Td (3 ) Tj ET Q q 0 0 0 rg BT 441.03 283.65 Td (Bermudiana ) Tj ET Q q 0 0 0 rg BT 482.72 283.65 Td (Road, ) Tj ET Q q 0 0 0 rg BT 504.21 283.65 Td (Hamilton ) Tj ET Q q 0 0 0 rg BT 537.02 283.65 Td (HM ) Tj ET Q q 0 0 0 rg BT 552.51 283.65 Td (08, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 274.05 Td (Bermuda, ) Tj ET Q q 0 0 0 rg BT 82.78 274.05 Td (and ) Tj ET Q q 0 0 0 rg BT 96.29 274.05 Td (our ) Tj ET Q q 0 0 0 rg BT 108.91 274.05 Td (telephone ) Tj ET Q q 0 0 0 rg BT 141.96 274.05 Td (number ) Tj ET Q q 0 0 0 rg BT 168.36 274.05 Td (is ) Tj ET Q q 0 0 0 rg BT 175.65 274.05 Td (+1-441-296-1431. ) Tj ET Q q 0 0 0 rg BT 236.11 274.05 Td (Communications ) Tj ET Q q 0 0 0 rg BT 292.73 274.05 Td (can ) Tj ET Q q 0 0 0 rg BT 305.79 274.05 Td (also ) Tj ET Q q 0 0 0 rg BT 320.64 274.05 Td (be ) Tj ET Q q 0 0 0 rg BT 330.14 274.05 Td (sent ) Tj ET Q q 0 0 0 rg BT 344.99 274.05 Td (c/o ) Tj ET Q q 0 0 0 rg BT 356.72 274.05 Td (CME ) Tj ET Q q 0 0 0 rg BT 376.01 274.05 Td (Media ) Tj ET Q q 0 0 0 rg BT 398.41 274.05 Td (Services ) Tj ET Q q 0 0 0 rg BT 427.46 274.05 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 442.53 274.05 Td (at ) Tj ET Q q 0 0 0 rg BT 450.26 274.05 Td (Krizeneckeho ) Tj ET Q q 0 0 0 rg BT 496.64 274.05 Td (nam. ) Tj ET Q q 0 0 0 rg BT 514.37 274.05 Td (1078/5, ) Tj ET Q q 0 0 0 rg BT 540.55 274.05 Td (152 ) Tj ET Q q 0 0 0 rg BT 554.50 274.05 Td (00 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 264.45 Td (Praha ) Tj ET Q q 0 0 0 rg BT 69.95 264.45 Td (5, ) Tj ET Q q 0 0 0 rg BT 78.19 264.45 Td (Czech ) Tj ET Q q 0 0 0 rg BT 100.41 264.45 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 133.53 264.45 Td (telephone ) Tj ET Q q 0 0 0 rg BT 166.87 264.45 Td (number ) Tj ET Q q 0 0 0 rg BT 193.54 264.45 Td (+420-242-465-605. ) Tj ET Q q 0 0 0 rg BT 258.28 264.45 Td (CME's ) Tj ET Q q 0 0 0 rg BT 282.41 264.45 Td (Class ) Tj ET Q q 0 0 0 rg BT 301.48 264.45 Td (A) Tj ET Q q 0 0 0 rg BT 306.82 264.45 Td ( ) Tj ET Q q 0 0 0 rg BT 309.06 264.45 Td (common ) Tj ET Q q 0 0 0 rg BT 339.29 264.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 358.41 264.45 Td (is ) Tj ET Q q 0 0 0 rg BT 365.98 264.45 Td (listed ) Tj ET Q q 0 0 0 rg BT 385.55 264.45 Td (on ) Tj ET Q q 0 0 0 rg BT 395.79 264.45 Td (the ) Tj ET Q q 0 0 0 rg BT 407.80 264.45 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 443.37 264.45 Td (Global ) Tj ET Q q 0 0 0 rg BT 467.38 264.45 Td (Select ) Tj ET Q q 0 0 0 rg BT 489.16 264.45 Td (Market ) Tj ET Q q 0 0 0 rg BT 514.50 264.45 Td (and ) Tj ET Q q 0 0 0 rg BT 528.29 264.45 Td (the ) Tj ET Q q 0 0 0 rg BT 540.30 264.45 Td (Prague ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 254.85 Td (Stock ) Tj ET Q q 0 0 0 rg BT 69.72 254.85 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 103.26 254.85 Td (under ) Tj ET Q q 0 0 0 rg BT 123.48 254.85 Td (the ) Tj ET Q q 0 0 0 rg BT 135.25 254.85 Td (ticker ) Tj ET Q q 0 0 0 rg BT 155.46 254.85 Td (symbol ) Tj ET Q q 0 0 0 rg BT 181.02 254.85 Td (CETV.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (A) Tj ET Q q 0 0 0 rg BT 54.68 236.25 Td (vailable ) Tj ET Q q 0 0 0 rg BT 83.35 236.25 Td (Information) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 220.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.17 220.65 Td (Annual ) Tj ET Q q 0 0 0 rg BT 88.30 220.65 Td (Report ) Tj ET Q q 0 0 0 rg BT 111.65 220.65 Td (on ) Tj ET Q q 0 0 0 rg BT 121.23 220.65 Td (Form ) Tj ET Q q 0 0 0 rg BT 140.14 220.65 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 160.16 220.65 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 192.39 220.65 Td (Reports ) Tj ET Q q 0 0 0 rg BT 218.86 220.65 Td (on ) Tj ET Q q 0 0 0 rg BT 228.44 220.65 Td (Form ) Tj ET Q q 0 0 0 rg BT 247.35 220.65 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 265.37 220.65 Td (and ) Tj ET Q q 0 0 0 rg BT 278.50 220.65 Td (Current ) Tj ET Q q 0 0 0 rg BT 304.52 220.65 Td (Reports ) Tj ET Q q 0 0 0 rg BT 330.98 220.65 Td (on ) Tj ET Q q 0 0 0 rg BT 340.56 220.65 Td (Form ) Tj ET Q q 0 0 0 rg BT 359.47 220.65 Td (8-K ) Tj ET Q q 0 0 0 rg BT 373.49 220.65 Td (and ) Tj ET Q q 0 0 0 rg BT 386.62 220.65 Td (amendments ) Tj ET Q q 0 0 0 rg BT 428.63 220.65 Td (to ) Tj ET Q q 0 0 0 rg BT 436.43 220.65 Td (those ) Tj ET Q q 0 0 0 rg BT 454.90 220.65 Td (reports ) Tj ET Q q 0 0 0 rg BT 478.69 220.65 Td (filed ) Tj ET Q q 0 0 0 rg BT 494.93 220.65 Td (or ) Tj ET Q q 0 0 0 rg BT 503.17 220.65 Td (furnished ) Tj ET Q q 0 0 0 rg BT 534.96 220.65 Td (pursuant ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 211.05 Td (to ) Tj ET Q q 0 0 0 rg BT 57.86 211.05 Td (Sections ) Tj ET Q q 0 0 0 rg BT 87.11 211.05 Td (13\(a\) ) Tj ET Q q 0 0 0 rg BT 106.13 211.05 Td (or ) Tj ET Q q 0 0 0 rg BT 114.93 211.05 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 134.40 211.05 Td (of ) Tj ET Q q 0 0 0 rg BT 143.21 211.05 Td (the ) Tj ET Q q 0 0 0 rg BT 155.12 211.05 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 188.32 211.05 Td (Act ) Tj ET Q q 0 0 0 rg BT 202.02 211.05 Td (are ) Tj ET Q q 0 0 0 rg BT 213.92 211.05 Td (available ) Tj ET Q q 0 0 0 rg BT 244.93 211.05 Td (on ) Tj ET Q q 0 0 0 rg BT 255.07 211.05 Td (our ) Tj ET Q q 0 0 0 rg BT 267.87 211.05 Td (website, ) Tj ET Q q 0 0 0 rg BT 296.45 211.05 Td (free ) Tj ET Q q 0 0 0 rg BT 311.02 211.05 Td (of ) Tj ET Q q 0 0 0 rg BT 319.82 211.05 Td (char) Tj ET Q q 0 0 0 rg BT 333.45 211.05 Td (ge, ) Tj ET Q q 0 0 0 rg BT 345.14 211.05 Td (as ) Tj ET Q q 0 0 0 rg BT 353.94 211.05 Td (soon ) Tj ET Q q 0 0 0 rg BT 371.19 211.05 Td (as ) Tj ET Q q 0 0 0 rg BT 380.00 211.05 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 416.79 211.05 Td (practicable ) Tj ET Q q 0 0 0 rg BT 454.01 211.05 Td (after ) Tj ET Q q 0 0 0 rg BT 470.81 211.05 Td (the ) Tj ET Q q 0 0 0 rg BT 482.72 211.05 Td (reports ) Tj ET Q q 0 0 0 rg BT 507.07 211.05 Td (are ) Tj ET Q q 0 0 0 rg BT 518.98 211.05 Td (electronically ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 201.45 Td (filed ) Tj ET Q q 0 0 0 rg BT 65.93 201.45 Td (with ) Tj ET Q q 0 0 0 rg BT 81.93 201.45 Td (or ) Tj ET Q q 0 0 0 rg BT 90.36 201.45 Td (furnished ) Tj ET Q q 0 0 0 rg BT 122.35 201.45 Td (to ) Tj ET Q q 0 0 0 rg BT 130.34 201.45 Td (the ) Tj ET Q q 0 0 0 rg BT 141.89 201.45 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 160.20 201.45 Td (These ) Tj ET Q q 0 0 0 rg BT 181.08 201.45 Td (reports ) Tj ET Q q 0 0 0 rg BT 205.06 201.45 Td (together ) Tj ET Q q 0 0 0 rg BT 233.04 201.45 Td (with ) Tj ET Q q 0 0 0 rg BT 249.04 201.45 Td (press ) Tj ET Q q 0 0 0 rg BT 267.25 201.45 Td (releases, ) Tj ET Q q 0 0 0 rg BT 296.34 201.45 Td (public ) Tj ET Q q 0 0 0 rg BT 318.11 201.45 Td (conference ) Tj ET Q q 0 0 0 rg BT 354.96 201.45 Td (calls, ) Tj ET Q q 0 0 0 rg BT 373.39 201.45 Td (webcasts ) Tj ET Q q 0 0 0 rg BT 404.04 201.45 Td (and ) Tj ET Q q 0 0 0 rg BT 417.36 201.45 Td (posts ) Tj ET Q q 0 0 0 rg BT 435.58 201.45 Td (to ) Tj ET Q q 0 0 0 rg BT 443.58 201.45 Td (the ) Tj ET Q q 0 0 0 rg BT 455.12 201.45 Td ("Investors" ) Tj ET Q q 0 0 0 rg BT 492.75 201.45 Td (section ) Tj ET Q q 0 0 0 rg BT 517.19 201.45 Td (of ) Tj ET Q q 0 0 0 rg BT 525.62 201.45 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597.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 541.67 597.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.50 597.60 Td (low ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 588.00 Td (or ) Tj ET Q q 0 0 0 rg BT 58.26 588.00 Td (negative ) Tj ET Q q 0 0 0 rg BT 87.45 588.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 112.20 588.00 Td (in ) Tj ET Q q 0 0 0 rg BT 120.52 588.00 Td (the ) Tj ET Q q 0 0 0 rg BT 132.39 588.00 Td (region ) Tj ET Q q 0 0 0 rg BT 154.92 588.00 Td (or ) Tj ET Q q 0 0 0 rg BT 163.67 588.00 Td (globally ) Tj ET Q q 0 0 0 rg BT 191.98 588.00 Td (in ) Tj ET Q q 0 0 0 rg BT 200.30 588.00 Td (the ) Tj ET Q q 0 0 0 rg BT 212.17 588.00 Td (future ) Tj ET Q q 0 0 0 rg BT 233.36 588.00 Td (may ) Tj ET Q q 0 0 0 rg BT 249.23 588.00 Td (cause ) Tj ET Q q 0 0 0 rg BT 269.08 588.00 Td (a ) Tj ET Q q 0 0 0 rg BT 274.73 588.00 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 317.69 588.00 Td (of ) Tj ET Q q 0 0 0 rg BT 326.45 588.00 Td (general ) Tj ET Q q 0 0 0 rg BT 352.08 588.00 Td (economic ) Tj ET Q q 0 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(United ) Tj ET Q q 0 0 0 rg BT 283.31 578.40 Td (States ) Tj ET Q q 0 0 0 rg BT 303.79 578.40 Td (has ) Tj ET Q q 0 0 0 rg BT 315.82 578.40 Td (imposed ) Tj ET Q q 0 0 0 rg BT 344.31 578.40 Td (tarif) Tj ET Q q 0 0 0 rg BT 357.49 578.40 Td (fs ) Tj ET Q q 0 0 0 rg BT 364.64 578.40 Td (on ) Tj ET Q q 0 0 0 rg BT 374.01 578.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 397.15 578.40 Td (products ) Tj ET Q q 0 0 0 rg BT 426.07 578.40 Td (from ) Tj ET Q q 0 0 0 rg BT 442.99 578.40 Td (many ) Tj ET Q q 0 0 0 rg BT 462.14 578.40 Td (of ) Tj ET Q q 0 0 0 rg BT 470.18 578.40 Td (its ) Tj ET Q q 0 0 0 rg BT 479.11 578.40 Td (trading ) Tj ET Q q 0 0 0 rg BT 503.14 578.40 Td (partners, ) Tj ET Q q 0 0 0 rg BT 532.28 578.40 Td (including ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 568.80 Td (Europe ) Tj ET Q q 0 0 0 rg BT 74.59 568.80 Td (and ) Tj ET Q q 0 0 0 rg BT 88.13 568.80 Td (China. ) Tj ET Q q 0 0 0 rg BT 111.23 568.80 Td (If ) Tj ET Q q 0 0 0 rg BT 118.55 568.80 Td (trade ) Tj ET Q q 0 0 0 rg BT 136.53 568.80 Td (tensions ) Tj ET Q q 0 0 0 rg BT 164.74 568.80 Td (between ) Tj ET Q q 0 0 0 rg BT 193.38 568.80 Td (the ) Tj ET Q q 0 0 0 rg BT 205.15 568.80 Td (United ) Tj ET Q q 0 0 0 rg BT 228.91 568.80 Td (States ) Tj ET Q q 0 0 0 rg BT 250.01 568.80 Td (and ) Tj ET Q q 0 0 0 rg BT 263.55 568.80 Td (Europe ) Tj ET Q q 0 0 0 rg BT 288.64 568.80 Td (escalate, ) Tj ET Q q 0 0 0 rg BT 317.95 568.80 Td (this ) Tj ET Q q 0 0 0 rg BT 331.50 568.80 Td (may ) Tj ET Q q 0 0 0 rg BT 347.26 568.80 Td (result ) Tj ET Q q 0 0 0 rg BT 367.02 568.80 Td (in ) Tj ET Q q 0 0 0 rg BT 375.24 568.80 Td (the ) Tj ET Q q 0 0 0 rg BT 387.00 568.80 Td (imposition ) Tj ET Q q 0 0 0 rg BT 423.22 568.80 Td (of ) Tj ET Q q 0 0 0 rg BT 431.87 568.80 Td (tarif) Tj ET Q q 0 0 0 rg BT 445.05 568.80 Td (fs ) Tj ET Q q 0 0 0 rg BT 452.82 568.80 Td (on ) Tj ET Q q 0 0 0 rg BT 462.81 568.80 Td (cars ) Tj ET Q q 0 0 0 rg BT 477.68 568.80 Td (and ) Tj ET Q q 0 0 0 rg BT 491.22 568.80 Td (auto ) Tj ET Q q 0 0 0 rg BT 506.98 568.80 Td (part ) Tj ET Q q 0 0 0 rg BT 521.41 568.80 Td (exports ) Tj ET Q q 0 0 0 rg BT 546.95 568.80 Td (from ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 559.20 Td (Europe. ) Tj ET Q q 0 0 0 rg BT 76.88 559.20 Td (Such ) Tj ET Q q 0 0 0 rg BT 95.15 559.20 Td (tarif) Tj ET Q q 0 0 0 rg BT 108.33 559.20 Td (fs ) Tj ET Q q 0 0 0 rg BT 116.38 559.20 Td (could ) Tj ET Q q 0 0 0 rg BT 136.43 559.20 Td (have ) Tj ET Q q 0 0 0 rg BT 153.81 559.20 Td (a ) Tj ET Q q 0 0 0 rg BT 159.63 559.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 195.67 559.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 222.38 559.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 246.42 559.20 Td (on ) Tj ET Q q 0 0 0 rg BT 256.70 559.20 Td (the ) Tj ET Q q 0 0 0 rg BT 268.75 559.20 Td (economies ) Tj ET Q q 0 0 0 rg BT 305.23 559.20 Td (of ) Tj ET Q q 0 0 0 rg BT 314.17 559.20 Td (our ) Tj ET Q q 0 0 0 rg BT 327.11 559.20 Td (countries ) Tj ET Q q 0 0 0 rg BT 358.71 559.20 Td (of ) Tj ET Q q 0 0 0 rg BT 367.64 559.20 Td (operation. ) Tj ET Q q 0 0 0 rg BT 401.63 559.20 Td (Additionally) Tj ET Q q 0 0 0 rg BT 441.55 559.20 Td (, ) Tj ET Q q 0 0 0 rg BT 445.82 559.20 Td (a ) Tj ET Q q 0 0 0 rg BT 451.65 559.20 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 486.81 559.20 Td (in ) Tj ET Q q 0 0 0 rg BT 495.31 559.20 Td (China ) Tj ET Q q 0 0 0 rg BT 516.70 559.20 Td (resulting ) Tj ET Q q 0 0 0 rg BT 546.97 559.20 Td (from ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 549.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 76.72 549.60 Td (or ) Tj ET Q q 0 0 0 rg BT 85.27 549.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 117.36 549.60 Td (tarif) Tj ET Q q 0 0 0 rg BT 130.54 549.60 Td (fs ) Tj ET Q q 0 0 0 rg BT 138.20 549.60 Td (on ) Tj ET Q q 0 0 0 rg BT 148.09 549.60 Td (Chinese ) Tj ET Q q 0 0 0 rg BT 175.75 549.60 Td (products ) Tj ET Q q 0 0 0 rg BT 205.19 549.60 Td (may ) Tj ET Q q 0 0 0 rg BT 220.85 549.60 Td (have ) Tj ET Q q 0 0 0 rg BT 237.84 549.60 Td (an ) Tj ET Q q 0 0 0 rg BT 247.27 549.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 273.59 549.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 297.25 549.60 Td (on ) Tj ET Q q 0 0 0 rg BT 307.13 549.60 Td (the ) Tj ET Q q 0 0 0 rg BT 318.79 549.60 Td (global ) Tj ET Q q 0 0 0 rg BT 340.68 549.60 Td (economy) Tj ET Q q 0 0 0 rg BT 369.48 549.60 Td (, ) Tj ET Q q 0 0 0 rg BT 373.37 549.60 Td (which ) Tj ET Q q 0 0 0 rg BT 394.80 549.60 Td (may ) Tj ET Q q 0 0 0 rg BT 410.46 549.60 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 444.79 549.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 467.99 549.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 495.20 549.60 Td (for ) Tj ET Q q 0 0 0 rg BT 506.42 549.60 Td (European ) Tj ET Q q 0 0 0 rg BT 538.96 549.60 Td (exports ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 540.00 Td (and ) Tj ET Q q 0 0 0 rg BT 63.28 540.00 Td (the ) Tj ET Q q 0 0 0 rg BT 75.27 540.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 89.49 540.00 Td (of ) Tj ET Q q 0 0 0 rg BT 98.38 540.00 Td (GDP) Tj ET Q q 0 0 0 rg BT 114.08 540.00 Td ( ) Tj ET Q q 0 0 0 rg BT 116.31 540.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 141.20 540.00 Td (in ) Tj ET Q q 0 0 0 rg BT 149.64 540.00 Td (the ) Tj ET Q q 0 0 0 rg BT 161.64 540.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 193.19 540.00 Td (in ) Tj ET Q q 0 0 0 rg BT 201.64 540.00 Td (which ) Tj ET Q q 0 0 0 rg BT 223.41 540.00 Td (we ) Tj ET Q q 0 0 0 rg BT 234.96 540.00 Td (operate. ) Tj ET Q q 0 0 0 rg BT 262.73 540.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 283.17 540.00 Td (factors ) Tj ET Q q 0 0 0 rg BT 307.16 540.00 Td (that ) Tj ET Q q 0 0 0 rg BT 321.38 540.00 Td (may ) Tj ET Q q 0 0 0 rg BT 337.38 540.00 Td (af) Tj ET Q q 0 0 0 rg BT 343.45 540.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 357.66 540.00 Td (general ) Tj ET Q q 0 0 0 rg BT 383.42 540.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 416.75 540.00 Td (conditions ) Tj ET Q q 0 0 0 rg BT 452.30 540.00 Td (in ) Tj ET Q q 0 0 0 rg BT 460.75 540.00 Td (our ) Tj ET Q q 0 0 0 rg BT 473.64 540.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 501.19 540.00 Td (include ) Tj ET Q q 0 0 0 rg BT 526.96 540.00 Td (defaults ) Tj ET Q q 0 0 0 rg BT 554.51 540.00 Td (by ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 530.40 Td (sovereigns ) Tj ET Q q 0 0 0 rg BT 85.86 530.40 Td (or ) Tj ET Q q 0 0 0 rg BT 94.66 530.40 Td (systemically ) Tj ET Q q 0 0 0 rg BT 136.80 530.40 Td (important ) Tj ET Q q 0 0 0 rg BT 170.04 530.40 Td (companies, ) Tj ET Q q 0 0 0 rg BT 208.40 530.40 Td (austerity ) Tj ET Q q 0 0 0 rg BT 238.08 530.40 Td (programs, ) Tj ET Q q 0 0 0 rg BT 272.44 530.40 Td (natural ) Tj ET Q q 0 0 0 rg BT 296.79 530.40 Td (disasters, ) Tj ET Q q 0 0 0 rg BT 328.49 530.40 Td (acts ) Tj ET Q q 0 0 0 rg BT 343.06 530.40 Td (of ) Tj ET Q q 0 0 0 rg BT 351.87 530.40 Td (terrorism, ) Tj ET Q q 0 0 0 rg BT 385.34 530.40 Td (civil ) Tj ET Q q 0 0 0 rg BT 401.70 530.40 Td (or ) Tj ET Q q 0 0 0 rg BT 410.50 530.40 Td (military ) Tj ET Q q 0 0 0 rg BT 437.97 530.40 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 467.66 530.40 Td (or ) Tj ET Q q 0 0 0 rg BT 476.47 530.40 Td (general ) Tj ET Q q 0 0 0 rg BT 502.15 530.40 Td (political ) Tj ET Q q 0 0 0 rg BT 530.50 530.40 Td (instability ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 520.80 Td (and ) Tj ET Q q 0 0 0 rg BT 62.80 520.80 Td (responses ) Tj ET Q q 0 0 0 rg BT 95.65 520.80 Td (to ) Tj ET Q q 0 0 0 rg BT 103.61 520.80 Td (it, ) Tj ET Q q 0 0 0 rg BT 111.80 520.80 Td (any ) Tj ET Q q 0 0 0 rg BT 125.10 520.80 Td (of ) Tj ET Q q 0 0 0 rg BT 133.51 520.80 Td (which ) Tj ET Q q 0 0 0 rg BT 154.81 520.80 Td (may ) Tj ET Q q 0 0 0 rg BT 170.32 520.80 Td (also ) Tj ET Q q 0 0 0 rg BT 184.96 520.80 Td (reduce ) Tj ET Q q 0 0 0 rg BT 208.02 520.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 245.31 520.80 Td (spending. ) Tj ET Q q 0 0 0 rg BT 277.94 520.80 Td (In ) Tj ET Q q 0 0 0 rg BT 286.35 520.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 316.31 520.80 Td (although ) Tj ET Q q 0 0 0 rg BT 346.06 520.80 Td (we ) Tj ET Q q 0 0 0 rg BT 357.13 520.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 381.97 520.80 Td (the ) Tj ET Q q 0 0 0 rg BT 393.49 520.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 430.78 520.80 Td (spend ) Tj ET Q q 0 0 0 rg BT 451.19 520.80 Td (per ) Tj ET Q q 0 0 0 rg BT 463.15 520.80 Td (capita ) Tj ET Q q 0 0 0 rg BT 483.99 520.80 Td (of ) Tj ET Q q 0 0 0 rg BT 492.40 520.80 Td (the ) Tj ET Q q 0 0 0 rg BT 503.92 520.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 534.99 520.80 Td (in ) Tj ET Q q 0 0 0 rg BT 542.96 520.80 Td (which ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 511.20 Td (we ) Tj ET Q q 0 0 0 rg BT 60.85 511.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 86.41 511.20 Td (and ) Tj ET Q q 0 0 0 rg BT 99.98 511.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 137.55 511.20 Td (intensity ) Tj ET Q q 0 0 0 rg BT 167.13 511.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 181.59 511.20 Td (ratio ) Tj ET Q q 0 0 0 rg BT 198.27 511.20 Td (of ) Tj ET Q q 0 0 0 rg BT 206.95 511.20 Td (total ) Tj ET Q q 0 0 0 rg BT 223.19 511.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 260.76 511.20 Td (spend ) Tj ET Q q 0 0 0 rg BT 281.45 511.20 Td (per ) Tj ET Q q 0 0 0 rg BT 293.68 511.20 Td (capita ) Tj ET Q q 0 0 0 rg BT 314.80 511.20 Td (to ) Tj ET Q q 0 0 0 rg BT 323.05 511.20 Td (nominal ) Tj ET Q q 0 0 0 rg BT 351.29 511.20 Td (GDP) Tj ET Q q 0 0 0 rg BT 366.99 511.20 Td ( ) Tj ET Q q 0 0 0 rg BT 369.02 511.20 Td (per ) Tj ET Q q 0 0 0 rg BT 381.25 511.20 Td (capita\) ) Tj ET Q q 0 0 0 rg BT 405.04 511.20 Td (will ) Tj ET Q q 0 0 0 rg BT 419.50 511.20 Td (eventually ) Tj ET Q q 0 0 0 rg BT 454.84 511.20 Td (conver) Tj ET Q q 0 0 0 rg BT 476.46 511.20 Td (ge ) Tj ET Q q 0 0 0 rg BT 486.04 511.20 Td (with ) Tj ET Q q 0 0 0 rg BT 502.28 511.20 Td (developed ) Tj ET Q q 0 0 0 rg BT 537.18 511.20 Td (markets ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 501.60 Td (in ) Tj ET Q q 0 0 0 rg BT 58.11 501.60 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 85.60 501.60 Td (such ) Tj ET Q q 0 0 0 rg BT 102.65 501.60 Td (conver) Tj ET Q q 0 0 0 rg BT 124.27 501.60 Td (gence ) Tj ET Q q 0 0 0 rg BT 145.31 501.60 Td (may ) Tj ET Q q 0 0 0 rg BT 161.47 501.60 Td (not ) Tj ET Q q 0 0 0 rg BT 174.08 501.60 Td (occur ) Tj ET Q q 0 0 0 rg BT 194.23 501.60 Td (in ) Tj ET Q q 0 0 0 rg BT 202.84 501.60 Td (the ) Tj ET Q q 0 0 0 rg BT 215.00 501.60 Td (time ) Tj ET Q q 0 0 0 rg BT 231.61 501.60 Td (frame ) Tj ET Q q 0 0 0 rg BT 252.64 501.60 Td (we ) Tj ET Q q 0 0 0 rg BT 264.36 501.60 Td (expect, ) Tj ET Q q 0 0 0 rg BT 289.62 501.60 Td (or ) Tj ET Q q 0 0 0 rg BT 298.67 501.60 Td (at ) Tj ET Q q 0 0 0 rg BT 306.83 501.60 Td (all. ) Tj ET Q q 0 0 0 rg BT 318.69 501.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 334.85 501.60 Td (of ) Tj ET Q q 0 0 0 rg BT 343.90 501.60 Td (these ) Tj ET Q q 0 0 0 rg BT 362.73 501.60 Td (developments ) Tj ET Q q 0 0 0 rg BT 409.55 501.60 Td (would ) Tj ET Q q 0 0 0 rg BT 431.93 501.60 Td (have ) Tj ET Q q 0 0 0 rg BT 449.42 501.60 Td (a ) Tj ET Q q 0 0 0 rg BT 455.36 501.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 491.52 501.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 521.00 501.60 Td (ef) Tj ET Q q 0 0 0 rg BT 527.07 501.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 541.45 501.60 Td (on ) Tj ET Q q 0 0 0 rg BT 551.83 501.60 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 492.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 79.48 492.00 Td (position, ) Tj ET Q q 0 0 0 rg BT 109.27 492.00 Td (results ) Tj ET Q q 0 0 0 rg BT 132.15 492.00 Td (of ) Tj ET Q q 0 0 0 rg BT 140.82 492.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 176.14 492.00 Td (and ) Tj ET Q q 0 0 0 rg BT 189.69 492.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 205.91 492.00 Td (flows.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 476.40 Td (Changes ) Tj ET Q q 0 0 0 rg BT 80.21 476.40 Td (to ) Tj ET Q q 0 0 0 rg BT 88.23 476.40 Td (the ) Tj ET Q q 0 0 0 rg BT 100.26 476.40 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 141.18 476.40 Td (easing ) Tj ET Q q 0 0 0 rg BT 164.33 476.40 Td (program ) Tj ET Q q 0 0 0 rg BT 194.58 476.40 Td (implemented ) Tj ET Q q 0 0 0 rg BT 238.60 476.40 Td (by ) Tj ET Q q 0 0 0 rg BT 247.96 476.40 Td (the ) Tj ET Q q 0 0 0 rg BT 259.99 476.40 Td (European ) Tj ET Q q 0 0 0 rg BT 294.70 476.40 Td (Central ) Tj ET Q q 0 0 0 rg BT 321.40 476.40 Td (Bank ) Tj ET Q q 0 0 0 rg BT 340.99 476.40 Td (\("ECB"\) ) Tj ET Q q 0 0 0 rg BT 373.01 476.40 Td (and ) Tj ET Q q 0 0 0 rg BT 387.27 476.40 Td (the ) Tj ET Q q 0 0 0 rg BT 399.30 476.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 423.32 476.40 Td (on ) Tj ET Q q 0 0 0 rg BT 433.58 476.40 Td (the ) Tj ET Q q 0 0 0 rg BT 445.61 476.40 Td (region ) Tj ET Q q 0 0 0 rg BT 468.75 476.40 Td (of ) Tj ET Q q 0 0 0 rg BT 477.22 476.40 Td (the ) Tj ET Q q 0 0 0 rg BT 489.25 476.40 Td (United ) Tj ET Q q 0 0 0 rg BT 513.28 476.40 Td (Kingdom) Tj ET Q q 0 0 0 rg BT 545.58 476.40 Td (s ) Tj ET Q q 0 0 0 rg BT 550.50 476.40 Td (exit ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 466.80 Td (from ) Tj ET Q q 0 0 0 rg BT 67.50 466.80 Td (the ) Tj ET Q q 0 0 0 rg BT 79.72 466.80 Td (European ) Tj ET Q q 0 0 0 rg BT 114.62 466.80 Td (Union ) Tj ET Q q 0 0 0 rg BT 137.52 466.80 Td (\("EU"\) ) Tj ET Q q 0 0 0 rg BT 164.84 466.80 Td (may ) Tj ET Q q 0 0 0 rg BT 180.62 466.80 Td (adversely ) Tj ET Q q 0 0 0 rg BT 213.27 466.80 Td (af) Tj ET Q q 0 0 0 rg BT 219.79 466.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 233.78 466.80 Td (our ) Tj ET Q q 0 0 0 rg BT 247.34 466.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 279.12 466.80 Td (position ) Tj ET Q q 0 0 0 rg BT 307.35 466.80 Td (and ) Tj ET Q q 0 0 0 rg BT 321.80 466.80 Td (results ) Tj ET Q q 0 0 0 rg BT 345.59 466.80 Td (of ) Tj ET Q q 0 0 0 rg BT 354.25 466.80 Td (operations.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 451.20 Td (The ) Tj ET Q q 0 0 0 rg BT 63.81 451.20 Td (ECB ) Tj ET Q q 0 0 0 rg BT 81.24 451.20 Td (embarked ) Tj ET Q q 0 0 0 rg BT 114.65 451.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 132.52 451.20 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 172.16 451.20 Td (easing ) Tj ET Q q 0 0 0 rg BT 194.47 451.20 Td (in ) Tj ET Q q 0 0 0 rg BT 202.57 451.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 220.44 451.20 Td (to ) Tj ET Q q 0 0 0 rg BT 228.53 451.20 Td (address ) Tj ET Q q 0 0 0 rg BT 254.40 451.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 287.37 451.20 Td (softness ) Tj ET Q q 0 0 0 rg BT 315.02 451.20 Td (and ) Tj ET Q q 0 0 0 rg BT 328.44 451.20 Td (a ) Tj ET Q q 0 0 0 rg BT 333.86 451.20 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 368.62 451.20 Td (in ) Tj ET Q q 0 0 0 rg BT 376.72 451.20 Td (growth ) Tj ET Q q 0 0 0 rg BT 401.25 451.20 Td (of ) Tj ET Q q 0 0 0 rg BT 409.79 451.20 Td (consumer ) Tj ET Q q 0 0 0 rg BT 442.76 451.20 Td (prices ) Tj ET Q q 0 0 0 rg BT 463.74 451.20 Td (in ) Tj ET Q q 0 0 0 rg BT 471.83 451.20 Td (the ) Tj ET Q q 0 0 0 rg BT 483.48 451.20 Td (Eurozone. ) Tj ET Q q 0 0 0 rg BT 517.87 451.20 Td (The ) Tj ET Q q 0 0 0 rg BT 532.18 451.20 Td (ECB ) Tj ET Q q 0 0 0 rg BT 549.61 451.20 Td (also ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 441.60 Td (created ) Tj ET Q q 0 0 0 rg BT 74.57 441.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 101.43 441.60 Td (and ) Tj ET Q q 0 0 0 rg BT 114.96 441.60 Td (stability ) Tj ET Q q 0 0 0 rg BT 142.72 441.60 Td (mechanisms ) Tj ET Q q 0 0 0 rg BT 184.24 441.60 Td (to ) Tj ET Q q 0 0 0 rg BT 192.45 441.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 218.86 441.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 247.95 441.60 Td (and ) Tj ET Q q 0 0 0 rg BT 261.48 441.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 291.45 441.60 Td (assistance ) Tj ET Q q 0 0 0 rg BT 325.41 441.60 Td (to ) Tj ET Q q 0 0 0 rg BT 333.61 441.60 Td (Eurozone ) Tj ET Q q 0 0 0 rg BT 366.24 441.60 Td (member ) Tj ET Q q 0 0 0 rg BT 394.43 441.60 Td (states ) Tj ET Q q 0 0 0 rg BT 414.19 441.60 Td (and ) Tj ET Q q 0 0 0 rg BT 427.71 441.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 457.68 441.60 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 497.22 441.60 Td (Economic ) Tj ET Q q 0 0 0 rg BT 531.63 441.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 556.27 441.60 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 432.00 Td (recent ) Tj ET Q q 0 0 0 rg BT 70.74 432.00 Td (years ) Tj ET Q q 0 0 0 rg BT 89.33 432.00 Td (in ) Tj ET Q q 0 0 0 rg BT 97.26 432.00 Td (the ) Tj ET Q q 0 0 0 rg BT 108.73 432.00 Td (Eurozone, ) Tj ET Q q 0 0 0 rg BT 143.09 432.00 Td (including ) Tj ET Q q 0 0 0 rg BT 175.02 432.00 Td (strong ) Tj ET Q q 0 0 0 rg BT 196.72 432.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 221.09 432.00 Td (in ) Tj ET Q q 0 0 0 rg BT 229.02 432.00 Td (2017, ) Tj ET Q q 0 0 0 rg BT 248.72 432.00 Td (has ) Tj ET Q q 0 0 0 rg BT 261.09 432.00 Td (been ) Tj ET Q q 0 0 0 rg BT 277.90 432.00 Td (helped ) Tj ET Q q 0 0 0 rg BT 300.93 432.00 Td (by ) Tj ET Q q 0 0 0 rg BT 310.63 432.00 Td (the ) Tj ET Q q 0 0 0 rg BT 322.11 432.00 Td (ECB) Tj ET Q q 0 0 0 rg BT 339.89 432.00 Td (s ) Tj ET Q q 0 0 0 rg BT 344.71 432.00 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 384.18 432.00 Td (easing ) Tj ET Q q 0 0 0 rg BT 406.32 432.00 Td (program ) Tj ET Q q 0 0 0 rg BT 435.13 432.00 Td (which ) Tj ET Q q 0 0 0 rg BT 456.39 432.00 Td (was ) Tj ET Q q 0 0 0 rg BT 470.53 432.00 Td (recalibrated ) Tj ET Q q 0 0 0 rg BT 509.99 432.00 Td (in ) Tj ET Q q 0 0 0 rg BT 517.92 432.00 Td (January ) Tj ET Q q 0 0 0 rg BT 544.50 432.00 Td (2018. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 422.40 Td (Citing ) Tj ET Q q 0 0 0 rg BT 71.95 422.40 Td (improved ) Tj ET Q q 0 0 0 rg BT 105.05 422.40 Td (economic ) Tj ET Q q 0 0 0 rg BT 138.59 422.40 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 176.37 422.40 Td (the ) Tj ET Q q 0 0 0 rg BT 188.58 422.40 Td (ECB ) Tj ET Q q 0 0 0 rg BT 206.59 422.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 228.13 422.40 Td (its ) Tj ET Q q 0 0 0 rg BT 238.13 422.40 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 278.34 422.40 Td (easing ) Tj ET Q q 0 0 0 rg BT 301.22 422.40 Td (program ) Tj ET Q q 0 0 0 rg BT 330.77 422.40 Td (at ) Tj ET Q q 0 0 0 rg BT 338.98 422.40 Td (the ) Tj ET Q q 0 0 0 rg BT 351.20 422.40 Td (end ) Tj ET Q q 0 0 0 rg BT 365.20 422.40 Td (of ) Tj ET Q q 0 0 0 rg BT 374.30 422.40 Td (December ) Tj ET Q q 0 0 0 rg BT 409.61 422.40 Td (2018. ) Tj ET Q q 0 0 0 rg BT 429.88 422.40 Td (The ) Tj ET Q q 0 0 0 rg BT 444.76 422.40 Td (cessation ) Tj ET Q q 0 0 0 rg BT 476.53 422.40 Td (of ) Tj ET Q q 0 0 0 rg BT 485.64 422.40 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 525.84 422.40 Td (easing ) Tj ET Q q 0 0 0 rg BT 548.73 422.40 Td (may ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 412.80 Td (adversely ) Tj ET Q q 0 0 0 rg BT 82.15 412.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 105.92 412.80 Td (future ) Tj ET Q q 0 0 0 rg BT 127.02 412.80 Td (growth ) Tj ET Q q 0 0 0 rg BT 151.69 412.80 Td (in ) Tj ET Q q 0 0 0 rg BT 159.91 412.80 Td (Eurozone ) Tj ET Q q 0 0 0 rg BT 192.56 412.80 Td (countries, ) Tj ET Q q 0 0 0 rg BT 225.89 412.80 Td (including ) Tj ET Q q 0 0 0 rg BT 258.11 412.80 Td (the ) Tj ET Q q 0 0 0 rg BT 269.88 412.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 301.20 412.80 Td (we ) Tj ET Q q 0 0 0 rg BT 312.53 412.80 Td (operate ) Tj ET Q q 0 0 0 rg BT 338.07 412.80 Td (in ) Tj ET Q q 0 0 0 rg BT 346.29 412.80 Td (which ) Tj ET Q q 0 0 0 rg BT 367.84 412.80 Td (would ) Tj ET Q q 0 0 0 rg BT 389.84 412.80 Td (negatively ) Tj ET Q q 0 0 0 rg BT 425.16 412.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 448.93 412.80 Td (our ) Tj ET Q q 0 0 0 rg BT 461.60 412.80 Td (business.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 397.20 Td (On ) Tj ET Q q 0 0 0 rg BT 60.71 397.20 Td (March ) Tj ET Q q 0 0 0 rg BT 83.02 397.20 Td (29, ) Tj ET Q q 0 0 0 rg BT 94.45 397.20 Td (2019, ) Tj ET Q q 0 0 0 rg BT 113.88 397.20 Td (the ) Tj ET Q q 0 0 0 rg BT 125.08 397.20 Td (two-year ) Tj ET Q q 0 0 0 rg BT 154.94 397.20 Td (period ) Tj ET Q q 0 0 0 rg BT 176.81 397.20 Td (during ) Tj ET Q q 0 0 0 rg BT 199.13 397.20 Td (which ) Tj ET Q q 0 0 0 rg BT 220.11 397.20 Td (the ) Tj ET Q q 0 0 0 rg BT 231.31 397.20 Td (United ) Tj ET Q q 0 0 0 rg BT 254.52 397.20 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 286.17 397.20 Td (is ) Tj ET Q q 0 0 0 rg BT 292.94 397.20 Td (to ) Tj ET Q q 0 0 0 rg BT 300.59 397.20 Td (finalize ) Tj ET Q q 0 0 0 rg BT 326.01 397.20 Td (the ) Tj ET Q q 0 0 0 rg BT 337.21 397.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 356.42 397.20 Td (and ) Tj ET Q q 0 0 0 rg BT 369.40 397.20 Td (process ) Tj ET Q q 0 0 0 rg BT 394.82 397.20 Td (for ) Tj ET Q q 0 0 0 rg BT 405.58 397.20 Td (leaving ) Tj ET Q q 0 0 0 rg BT 430.56 397.20 Td (the ) Tj ET Q q 0 0 0 rg BT 441.76 397.20 Td (EU, ) Tj ET Q q 0 0 0 rg BT 455.85 397.20 Td (commonly ) Tj ET Q q 0 0 0 rg BT 491.50 397.20 Td (referred ) Tj ET Q q 0 0 0 rg BT 518.24 397.20 Td (to ) Tj ET Q q 0 0 0 rg BT 525.90 397.20 Td (as ) Tj ET Q q 0 0 0 rg BT 533.99 397.20 Td ("Brexit", ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 387.60 Td (will ) Tj ET Q q 0 0 0 rg BT 64.08 387.60 Td (expire. ) Tj ET Q q 0 0 0 rg BT 88.04 387.60 Td (There ) Tj ET Q q 0 0 0 rg BT 108.83 387.60 Td (is ) Tj ET Q q 0 0 0 rg BT 116.29 387.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 152.20 387.60 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 190.31 387.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 223.10 387.60 Td (the ) Tj ET Q q 0 0 0 rg BT 235.00 387.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 254.91 387.60 Td (on ) Tj ET Q q 0 0 0 rg BT 265.04 387.60 Td (which ) Tj ET Q q 0 0 0 rg BT 286.72 387.60 Td (the ) Tj ET Q q 0 0 0 rg BT 298.63 387.60 Td (United ) Tj ET Q q 0 0 0 rg BT 322.53 387.60 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 354.89 387.60 Td (will ) Tj ET Q q 0 0 0 rg BT 369.46 387.60 Td (leave ) Tj ET Q q 0 0 0 rg BT 388.47 387.60 Td (the ) Tj ET Q q 0 0 0 rg BT 400.38 387.60 Td (EU, ) Tj ET Q q 0 0 0 rg BT 415.17 387.60 Td (and ) Tj ET Q q 0 0 0 rg BT 428.85 387.60 Td (it ) Tj ET Q q 0 0 0 rg BT 435.43 387.60 Td (is ) Tj ET Q q 0 0 0 rg BT 442.90 387.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 473.46 387.60 Td (that ) Tj ET Q q 0 0 0 rg BT 487.58 387.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 520.81 387.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 556.28 387.60 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 378.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.41 378.00 Td (EU ) Tj ET Q q 0 0 0 rg BT 74.21 378.00 Td (will ) Tj ET Q q 0 0 0 rg BT 88.79 378.00 Td (be ) Tj ET Q q 0 0 0 rg BT 98.48 378.00 Td (impacted ) Tj ET Q q 0 0 0 rg BT 129.94 378.00 Td (by ) Tj ET Q q 0 0 0 rg BT 140.07 378.00 Td (Brexit. ) Tj ET Q q 0 0 0 rg BT 164.21 378.00 Td (Given ) Tj ET Q q 0 0 0 rg BT 185.89 378.00 Td (the ) Tj ET Q q 0 0 0 rg BT 197.80 378.00 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 226.16 378.00 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 264.29 378.00 Td (over ) Tj ET Q q 0 0 0 rg BT 280.64 378.00 Td (the ) Tj ET Q q 0 0 0 rg BT 292.55 378.00 Td (final ) Tj ET Q q 0 0 0 rg BT 309.34 378.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 329.25 378.00 Td (of ) Tj ET Q q 0 0 0 rg BT 338.05 378.00 Td (Brexit, ) Tj ET Q q 0 0 0 rg BT 362.19 378.00 Td (the ) Tj ET Q q 0 0 0 rg BT 374.10 378.00 Td (overall ) Tj ET Q q 0 0 0 rg BT 398.45 378.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 431.68 378.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 455.59 378.00 Td (of ) Tj ET Q q 0 0 0 rg BT 464.39 378.00 Td (Brexit ) Tj ET Q q 0 0 0 rg BT 486.52 378.00 Td (on ) Tj ET Q q 0 0 0 rg BT 496.66 378.00 Td (the ) Tj ET Q q 0 0 0 rg BT 508.57 378.00 Td (EU ) Tj ET Q q 0 0 0 rg BT 521.37 378.00 Td (and ) Tj ET Q q 0 0 0 rg BT 535.05 378.00 Td (the ) Tj ET Q q 0 0 0 rg BT 546.96 378.00 Td (Euro ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 368.40 Td (continues ) Tj ET Q q 0 0 0 rg BT 81.83 368.40 Td (to ) Tj ET Q q 0 0 0 rg BT 89.72 368.40 Td (be ) Tj ET Q q 0 0 0 rg BT 98.94 368.40 Td (dif) Tj ET Q q 0 0 0 rg BT 107.68 368.40 Td (ficult ) Tj ET Q q 0 0 0 rg BT 126.23 368.40 Td (to ) Tj ET Q q 0 0 0 rg BT 134.13 368.40 Td (estimate ) Tj ET Q q 0 0 0 rg BT 162.45 368.40 Td (as ) Tj ET Q q 0 0 0 rg BT 170.78 368.40 Td (decisions ) Tj ET Q q 0 0 0 rg BT 202.23 368.40 Td (to ) Tj ET Q q 0 0 0 rg BT 210.12 368.40 Td (conserve ) Tj ET Q q 0 0 0 rg BT 240.22 368.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 256.10 368.40 Td (and ) Tj ET Q q 0 0 0 rg BT 269.32 368.40 Td (reduce ) Tj ET Q q 0 0 0 rg BT 292.31 368.40 Td (spending ) Tj ET Q q 0 0 0 rg BT 322.86 368.40 Td (by ) Tj ET Q q 0 0 0 rg BT 332.53 368.40 Td (consumers ) Tj ET Q q 0 0 0 rg BT 368.41 368.40 Td (and ) Tj ET Q q 0 0 0 rg BT 381.63 368.40 Td (businesses ) Tj ET Q q 0 0 0 rg BT 417.08 368.40 Td (in ) Tj ET Q q 0 0 0 rg BT 424.97 368.40 Td (the ) Tj ET Q q 0 0 0 rg BT 436.41 368.40 Td (United ) Tj ET Q q 0 0 0 rg BT 459.86 368.40 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 491.75 368.40 Td (would ) Tj ET Q q 0 0 0 rg BT 513.42 368.40 Td (have ) Tj ET Q q 0 0 0 rg BT 530.19 368.40 Td (a ) Tj ET Q q 0 0 0 rg BT 535.41 368.40 Td (negative ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 358.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 73.07 358.80 Td (on ) Tj ET Q q 0 0 0 rg BT 82.86 358.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 115.75 358.80 Td (growth ) Tj ET Q q 0 0 0 rg BT 140.21 358.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 157.11 358.80 Td (in ) Tj ET Q q 0 0 0 rg BT 165.13 358.80 Td (the ) Tj ET Q q 0 0 0 rg BT 176.70 358.80 Td (United ) Tj ET Q q 0 0 0 rg BT 200.27 358.80 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 232.29 358.80 Td (and, ) Tj ET Q q 0 0 0 rg BT 247.63 358.80 Td (to ) Tj ET Q q 0 0 0 rg BT 255.65 358.80 Td (a ) Tj ET Q q 0 0 0 rg BT 261.00 358.80 Td (lesser ) Tj ET Q q 0 0 0 rg BT 281.01 358.80 Td (extent, ) Tj ET Q q 0 0 0 rg BT 304.35 358.80 Td (in ) Tj ET Q q 0 0 0 rg BT 312.37 358.80 Td (the ) Tj ET Q q 0 0 0 rg BT 323.94 358.80 Td (EU, ) Tj ET Q q 0 0 0 rg BT 338.40 358.80 Td (in ) Tj ET Q q 0 0 0 rg BT 346.42 358.80 Td (particular ) Tj ET Q q 0 0 0 rg BT 378.86 358.80 Td (those ) Tj ET Q q 0 0 0 rg BT 397.55 358.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 428.67 358.80 Td (that ) Tj ET Q q 0 0 0 rg BT 442.46 358.80 Td (are ) Tj ET Q q 0 0 0 rg BT 454.02 358.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 489.59 358.80 Td (exporters ) Tj ET Q q 0 0 0 rg BT 521.15 358.80 Td (to ) Tj ET Q q 0 0 0 rg BT 529.17 358.80 Td (the ) Tj ET Q q 0 0 0 rg BT 540.74 358.80 Td (United ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 349.20 Td (Kingdom. ) Tj ET Q q 0 0 0 rg BT 83.64 349.20 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 127.55 349.20 Td (the ) Tj ET Q q 0 0 0 rg BT 139.24 349.20 Td (departure ) Tj ET Q q 0 0 0 rg BT 171.36 349.20 Td (of ) Tj ET Q q 0 0 0 rg BT 179.94 349.20 Td (the ) Tj ET Q q 0 0 0 rg BT 191.63 349.20 Td (United ) Tj ET Q q 0 0 0 rg BT 215.32 349.20 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 247.46 349.20 Td (from ) Tj ET Q q 0 0 0 rg BT 264.93 349.20 Td (the ) Tj ET Q q 0 0 0 rg BT 276.63 349.20 Td (EU ) Tj ET Q q 0 0 0 rg BT 289.21 349.20 Td (may ) Tj ET Q q 0 0 0 rg BT 304.90 349.20 Td (further ) Tj ET Q q 0 0 0 rg BT 328.58 349.20 Td (af) Tj ET Q q 0 0 0 rg BT 334.65 349.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 348.56 349.20 Td (the ) Tj ET Q q 0 0 0 rg BT 360.25 349.20 Td (budgetary ) Tj ET Q q 0 0 0 rg BT 394.16 349.20 Td (contributions ) Tj ET Q q 0 0 0 rg BT 438.29 349.20 Td (and ) Tj ET Q q 0 0 0 rg BT 451.76 349.20 Td (allocations ) Tj ET Q q 0 0 0 rg BT 488.34 349.20 Td (among ) Tj ET Q q 0 0 0 rg BT 512.03 349.20 Td (the ) Tj ET Q q 0 0 0 rg BT 523.72 349.20 Td (EU ) Tj ET Q q 0 0 0 rg BT 536.30 349.20 Td (member ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 339.60 Td (states ) Tj ET Q q 0 0 0 rg BT 69.25 339.60 Td (in ) Tj ET Q q 0 0 0 rg BT 77.44 339.60 Td (the ) Tj ET Q q 0 0 0 rg BT 89.19 339.60 Td (medium ) Tj ET Q q 0 0 0 rg BT 117.38 339.60 Td (term, ) Tj ET Q q 0 0 0 rg BT 136.02 339.60 Td (including ) Tj ET Q q 0 0 0 rg BT 168.21 339.60 Td (the ) Tj ET Q q 0 0 0 rg BT 179.96 339.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 211.25 339.60 Td (in ) Tj ET Q q 0 0 0 rg BT 219.45 339.60 Td (which ) Tj ET Q q 0 0 0 rg BT 240.97 339.60 Td (we ) Tj ET Q q 0 0 0 rg BT 252.28 339.60 Td (operate, ) Tj ET Q q 0 0 0 rg BT 279.79 339.60 Td (which ) Tj ET Q q 0 0 0 rg BT 301.31 339.60 Td (have ) Tj ET Q q 0 0 0 rg BT 318.39 339.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 356.35 339.60 Td (been ) Tj ET Q q 0 0 0 rg BT 373.43 339.60 Td (net ) Tj ET Q q 0 0 0 rg BT 385.18 339.60 Td (recipients ) Tj ET Q q 0 0 0 rg BT 418.25 339.60 Td (of ) Tj ET Q q 0 0 0 rg BT 426.89 339.60 Td (EU ) Tj ET Q q 0 0 0 rg BT 439.52 339.60 Td (funding. ) Tj ET Q q 0 0 0 rg BT 468.38 339.60 Td (Economic ) Tj ET Q q 0 0 0 rg BT 502.79 339.60 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 540.75 339.60 Td (caused ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 330.00 Td (by ) Tj ET Q q 0 0 0 rg BT 59.59 330.00 Td (Brexit ) Tj ET Q q 0 0 0 rg BT 81.68 330.00 Td (or ) Tj ET Q q 0 0 0 rg BT 90.43 330.00 Td (other ) Tj ET Q q 0 0 0 rg BT 108.96 330.00 Td (instability ) Tj ET Q q 0 0 0 rg BT 143.05 330.00 Td (in ) Tj ET Q q 0 0 0 rg BT 151.36 330.00 Td (the ) Tj ET Q q 0 0 0 rg BT 163.22 330.00 Td (EU ) Tj ET Q q 0 0 0 rg BT 175.98 330.00 Td (resulting ) Tj ET Q q 0 0 0 rg BT 206.06 330.00 Td (from ) Tj ET Q q 0 0 0 rg BT 223.70 330.00 Td (Brexit ) Tj ET Q q 0 0 0 rg BT 245.79 330.00 Td (could ) Tj ET Q q 0 0 0 rg BT 265.65 330.00 Td (cause ) Tj ET Q q 0 0 0 rg BT 285.51 330.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 321.37 330.00 Td (volatility ) Tj ET Q q 0 0 0 rg BT 352.34 330.00 Td (in ) Tj ET Q q 0 0 0 rg BT 360.66 330.00 Td (EU ) Tj ET Q q 0 0 0 rg BT 373.41 330.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 400.82 330.00 Td (and ) Tj ET Q q 0 0 0 rg BT 414.46 330.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 437.87 330.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 471.06 330.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 495.81 330.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 513.00 330.00 Td (in ) Tj ET Q q 0 0 0 rg BT 521.32 330.00 Td (the ) Tj ET Q q 0 0 0 rg BT 533.18 330.00 Td (countries ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 320.40 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 320.40 Td (which ) Tj ET Q q 0 0 0 rg BT 79.27 320.40 Td (we ) Tj ET Q q 0 0 0 rg BT 90.60 320.40 Td (operate, ) Tj ET Q q 0 0 0 rg BT 118.14 320.40 Td (which ) Tj ET Q q 0 0 0 rg BT 139.69 320.40 Td (would ) Tj ET Q q 0 0 0 rg BT 161.69 320.40 Td (negatively ) Tj ET Q q 0 0 0 rg BT 197.01 320.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 220.78 320.40 Td (the ) Tj ET Q q 0 0 0 rg BT 232.55 320.40 Td (demand ) Tj ET Q q 0 0 0 rg BT 259.88 320.40 Td (for ) Tj ET Q q 0 0 0 rg BT 271.21 320.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 308.75 320.40 Td (and ) Tj ET Q q 0 0 0 rg BT 322.30 320.40 Td (consequently ) Tj ET Q q 0 0 0 rg BT 366.52 320.40 Td (our ) Tj ET Q q 0 0 0 rg BT 379.18 320.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 409.16 320.40 Td (position, ) Tj ET Q q 0 0 0 rg BT 438.95 320.40 Td (results ) Tj ET Q q 0 0 0 rg BT 461.83 320.40 Td (of ) Tj ET Q q 0 0 0 rg BT 470.50 320.40 Td (operation ) Tj ET Q q 0 0 0 rg BT 502.71 320.40 Td (and ) Tj ET Q q 0 0 0 rg BT 516.26 320.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 532.47 320.40 Td (flows.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 304.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.84 304.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 98.40 304.80 Td (results ) Tj ET Q q 0 0 0 rg BT 122.18 304.80 Td (will ) Tj ET Q q 0 0 0 rg BT 136.19 304.80 Td (be ) Tj ET Q q 0 0 0 rg BT 145.74 304.80 Td (adversely ) Tj ET Q q 0 0 0 rg BT 178.39 304.80 Td (af) Tj ET Q q 0 0 0 rg BT 184.91 304.80 Td (fected ) Tj ET Q q 0 0 0 rg BT 206.45 304.80 Td (if ) Tj ET Q q 0 0 0 rg BT 213.34 304.80 Td (we ) Tj ET Q q 0 0 0 rg BT 224.22 304.80 Td (cannot ) Tj ET Q q 0 0 0 rg BT 248.89 304.80 Td (generate ) Tj ET Q q 0 0 0 rg BT 279.33 304.80 Td (strong ) Tj ET Q q 0 0 0 rg BT 302.23 304.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 340.68 304.80 Td (sales.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 289.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 289.20 Td (e ) Tj ET Q q 0 0 0 rg BT 61.61 289.20 Td (generate ) Tj ET Q q 0 0 0 rg BT 90.34 289.20 Td (the ) Tj ET Q q 0 0 0 rg BT 101.76 289.20 Td (majority ) Tj ET Q q 0 0 0 rg BT 130.52 289.20 Td (of ) Tj ET Q q 0 0 0 rg BT 138.83 289.20 Td (our ) Tj ET Q q 0 0 0 rg BT 151.14 289.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 181.21 289.20 Td (from ) Tj ET Q q 0 0 0 rg BT 198.41 289.20 Td (the ) Tj ET Q q 0 0 0 rg BT 209.83 289.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 223.91 289.20 Td (of ) Tj ET Q q 0 0 0 rg BT 232.22 289.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 269.42 289.20 Td (airtime ) Tj ET Q q 0 0 0 rg BT 293.72 289.20 Td (on ) Tj ET Q q 0 0 0 rg BT 303.37 289.20 Td (our ) Tj ET Q q 0 0 0 rg BT 315.68 289.20 Td (television ) Tj ET Q q 0 0 0 rg BT 348.43 289.20 Td (channels. ) Tj ET Q q 0 0 0 rg BT 379.95 289.20 Td (While ) Tj ET Q q 0 0 0 rg BT 401.14 289.20 Td (we ) Tj ET Q q 0 0 0 rg BT 412.11 289.20 Td (have ) Tj ET Q q 0 0 0 rg BT 428.86 289.20 Td (implemented ) Tj ET Q q 0 0 0 rg BT 472.27 289.20 Td (pricing ) Tj ET Q q 0 0 0 rg BT 496.58 289.20 Td (strategies ) Tj ET Q q 0 0 0 rg BT 528.44 289.20 Td (to ) Tj ET Q q 0 0 0 rg BT 536.31 289.20 Td (increase ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 279.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 67.82 279.60 Td (and ) Tj ET Q q 0 0 0 rg BT 82.13 279.60 Td (television ) Tj ET Q q 0 0 0 rg BT 116.00 279.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 154.32 279.60 Td (spending, ) Tj ET Q q 0 0 0 rg BT 187.97 279.60 Td (the ) Tj ET Q q 0 0 0 rg BT 200.51 279.60 Td (success ) Tj ET Q q 0 0 0 rg BT 227.27 279.60 Td (of ) Tj ET Q q 0 0 0 rg BT 236.70 279.60 Td (these ) Tj ET Q q 0 0 0 rg BT 255.90 279.60 Td (strategies ) Tj ET Q q 0 0 0 rg BT 288.88 279.60 Td (has ) Tj ET Q q 0 0 0 rg BT 302.30 279.60 Td (varied ) Tj ET Q q 0 0 0 rg BT 325.06 279.60 Td (from ) Tj ET Q q 0 0 0 rg BT 343.38 279.60 Td (market ) Tj ET Q q 0 0 0 rg BT 368.35 279.60 Td (to ) Tj ET Q q 0 0 0 rg BT 377.34 279.60 Td (market ) Tj ET Q q 0 0 0 rg BT 402.32 279.60 Td (and ) Tj ET Q q 0 0 0 rg BT 416.63 279.60 Td (continues ) Tj ET Q q 0 0 0 rg BT 450.06 279.60 Td (to ) Tj ET Q q 0 0 0 rg BT 459.05 279.60 Td (be ) Tj ET Q q 0 0 0 rg BT 469.36 279.60 Td (challenged ) Tj ET Q q 0 0 0 rg BT 506.78 279.60 Td (by ) Tj ET Q q 0 0 0 rg BT 517.54 279.60 Td (pressure ) Tj ET Q q 0 0 0 rg BT 546.96 279.60 Td (from ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 270.00 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 85.44 270.00 Td (and ) Tj ET Q q 0 0 0 rg BT 98.28 270.00 Td (discounting ) Tj ET Q q 0 0 0 rg BT 136.90 270.00 Td (by ) Tj ET Q q 0 0 0 rg BT 146.19 270.00 Td (competitors. ) Tj ET Q q 0 0 0 rg BT 187.25 270.00 Td (In ) Tj ET Q q 0 0 0 rg BT 195.20 270.00 Td (addition ) Tj ET Q q 0 0 0 rg BT 222.71 270.00 Td (to ) Tj ET Q q 0 0 0 rg BT 230.22 270.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 267.06 270.00 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 293.01 270.00 Td (other ) Tj ET Q q 0 0 0 rg BT 310.73 270.00 Td (factors ) Tj ET Q q 0 0 0 rg BT 333.79 270.00 Td (that ) Tj ET Q q 0 0 0 rg BT 347.07 270.00 Td (may ) Tj ET Q q 0 0 0 rg BT 362.14 270.00 Td (af) Tj ET Q q 0 0 0 rg BT 368.21 270.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 381.48 270.00 Td (our ) Tj ET Q q 0 0 0 rg BT 393.44 270.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 430.27 270.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 447.11 270.00 Td (include ) Tj ET Q q 0 0 0 rg BT 471.95 270.00 Td (general ) Tj ET Q q 0 0 0 rg BT 496.78 270.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 529.16 270.00 Td (conditions ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 260.40 Td (\(described ) Tj ET Q q 0 0 0 rg BT 85.07 260.40 Td (above\), ) Tj ET Q q 0 0 0 rg BT 111.09 260.40 Td (competition ) Tj ET Q q 0 0 0 rg BT 151.56 260.40 Td (from ) Tj ET Q q 0 0 0 rg BT 169.36 260.40 Td (other ) Tj ET Q q 0 0 0 rg BT 188.05 260.40 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 230.28 260.40 Td (and ) Tj ET Q q 0 0 0 rg BT 244.09 260.40 Td (operators ) Tj ET Q q 0 0 0 rg BT 276.11 260.40 Td (of ) Tj ET Q q 0 0 0 rg BT 285.02 260.40 Td (other ) Tj ET Q q 0 0 0 rg BT 303.71 260.40 Td (distribution ) Tj ET Q q 0 0 0 rg BT 342.86 260.40 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 377.77 260.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 405.79 260.40 Td (in ) Tj ET Q q 0 0 0 rg BT 414.26 260.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 460.06 260.40 Td (strategy) Tj ET Q q 0 0 0 rg BT 484.87 260.40 Td (, ) Tj ET Q q 0 0 0 rg BT 489.12 260.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 517.14 260.40 Td (in ) Tj ET Q q 0 0 0 rg BT 525.62 260.40 Td (distribution ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 250.80 Td (strategy) Tj ET Q q 0 0 0 rg BT 74.30 250.80 Td (, ) Tj ET Q q 0 0 0 rg BT 78.47 250.80 Td (our ) Tj ET Q q 0 0 0 rg BT 91.31 250.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 113.92 250.80 Td (to ) Tj ET Q q 0 0 0 rg BT 122.31 250.80 Td (secure ) Tj ET Q q 0 0 0 rg BT 144.91 250.80 Td (distribution ) Tj ET Q q 0 0 0 rg BT 183.97 250.80 Td (on ) Tj ET Q q 0 0 0 rg BT 194.14 250.80 Td (cable, ) Tj ET Q q 0 0 0 rg BT 215.18 250.80 Td (satellite ) Tj ET Q q 0 0 0 rg BT 242.23 250.80 Td (or ) Tj ET Q q 0 0 0 rg BT 251.06 250.80 Td (IPTV) Tj ET Q q 0 0 0 rg BT 268.69 250.80 Td ( ) Tj ET Q q 0 0 0 rg BT 270.86 250.80 Td (operators, ) Tj ET Q q 0 0 0 rg BT 304.80 250.80 Td (our ) Tj ET Q q 0 0 0 rg BT 317.63 250.80 Td (channels) Tj ET Q q 0 0 0 rg BT 347.69 250.80 Td ( ) Tj ET Q q 0 0 0 rg BT 349.86 250.80 Td (technical ) Tj ET Q q 0 0 0 rg BT 380.90 250.80 Td (reach, ) Tj ET Q q 0 0 0 rg BT 402.38 250.80 Td (technological ) Tj ET Q q 0 0 0 rg BT 447.65 250.80 Td (developments ) Tj ET Q q 0 0 0 rg BT 494.25 250.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 520.85 250.80 Td (to ) Tj ET Q q 0 0 0 rg BT 529.24 250.80 Td (media ) Tj ET Q q 0 0 0 rg BT 550.96 250.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 241.20 Td (broadcasting, ) Tj ET Q q 0 0 0 rg BT 93.65 241.20 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 122.02 241.20 Td (trends ) Tj ET Q q 0 0 0 rg BT 142.85 241.20 Td (in ) Tj ET Q q 0 0 0 rg BT 150.34 241.20 Td (the ) Tj ET Q q 0 0 0 rg BT 161.39 241.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 198.21 241.20 Td (market, ) Tj ET Q q 0 0 0 rg BT 223.70 241.20 Td (changing ) Tj ET Q q 0 0 0 rg BT 254.29 241.20 Td (audience ) Tj ET Q q 0 0 0 rg BT 283.99 241.20 Td (preferences ) Tj ET Q q 0 0 0 rg BT 322.13 241.20 Td (and ) Tj ET Q q 0 0 0 rg BT 334.95 241.20 Td (in ) Tj ET Q q 0 0 0 rg BT 342.45 241.20 Td (how ) Tj ET Q q 0 0 0 rg BT 357.50 241.20 Td (and ) Tj ET Q q 0 0 0 rg BT 370.32 241.20 Td (when ) Tj ET Q q 0 0 0 rg BT 388.92 241.20 Td (people ) Tj ET Q q 0 0 0 rg BT 411.52 241.20 Td (view ) Tj ET Q q 0 0 0 rg BT 428.34 241.20 Td (content ) Tj ET Q q 0 0 0 rg BT 453.16 241.20 Td (and ) Tj ET Q q 0 0 0 rg BT 465.99 241.20 Td (the ) Tj ET Q q 0 0 0 rg BT 477.04 241.20 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 524.96 241.20 Td (advertising, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 231.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 81.87 231.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 122.25 231.60 Td (for ) Tj ET Q q 0 0 0 rg BT 133.74 231.60 Td (the ) Tj ET Q q 0 0 0 rg BT 145.68 231.60 Td (leisure ) Tj ET Q q 0 0 0 rg BT 169.17 231.60 Td (time ) Tj ET Q q 0 0 0 rg BT 185.56 231.60 Td (of ) Tj ET Q q 0 0 0 rg BT 194.39 231.60 Td (audiences ) Tj ET Q q 0 0 0 rg BT 228.09 231.60 Td (and ) Tj ET Q q 0 0 0 rg BT 241.81 231.60 Td (shifts ) Tj ET Q q 0 0 0 rg BT 261.31 231.60 Td (in ) Tj ET Q q 0 0 0 rg BT 269.70 231.60 Td (population ) Tj ET Q q 0 0 0 rg BT 306.09 231.60 Td (and ) Tj ET Q q 0 0 0 rg BT 319.80 231.60 Td (other ) Tj ET Q q 0 0 0 rg BT 338.41 231.60 Td (demographics. ) Tj ET Q q 0 0 0 rg BT 387.45 231.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 402.05 231.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 439.77 231.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 470.36 231.60 Td (also ) Tj ET Q q 0 0 0 rg BT 485.42 231.60 Td (depend ) Tj ET Q q 0 0 0 rg BT 510.68 231.60 Td (on ) Tj ET Q q 0 0 0 rg BT 520.85 231.60 Td (our ) Tj ET Q q 0 0 0 rg BT 533.68 231.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 556.29 231.60 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 222.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 78.85 222.00 Td (audience ) Tj ET Q q 0 0 0 rg BT 108.63 222.00 Td (ratings ) Tj ET Q q 0 0 0 rg BT 131.76 222.00 Td (and ) Tj ET Q q 0 0 0 rg BT 144.67 222.00 Td (to ) Tj ET Q q 0 0 0 rg BT 152.25 222.00 Td (generate ) Tj ET Q q 0 0 0 rg BT 180.70 222.00 Td (GRPs. ) Tj ET Q q 0 0 0 rg BT 202.63 222.00 Td (This ) Tj ET Q q 0 0 0 rg BT 218.21 222.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 245.34 222.00 Td (us ) Tj ET Q q 0 0 0 rg BT 253.81 222.00 Td (to ) Tj ET Q q 0 0 0 rg BT 261.39 222.00 Td (have ) Tj ET Q q 0 0 0 rg BT 277.85 222.00 Td (a ) Tj ET Q q 0 0 0 rg BT 282.76 222.00 Td (distribution ) Tj ET Q q 0 0 0 rg BT 321.00 222.00 Td (strategy ) Tj ET Q q 0 0 0 rg BT 347.69 222.00 Td (that ) Tj ET Q q 0 0 0 rg BT 361.04 222.00 Td (reaches ) Tj ET Q q 0 0 0 rg BT 386.38 222.00 Td (a ) Tj ET Q q 0 0 0 rg BT 391.28 222.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 426.41 222.00 Td (audience ) Tj ET Q q 0 0 0 rg BT 456.19 222.00 Td (as ) Tj ET Q q 0 0 0 rg BT 464.22 222.00 Td (well ) Tj ET Q q 0 0 0 rg BT 479.35 222.00 Td (as ) Tj ET Q q 0 0 0 rg BT 487.37 222.00 Td (to ) Tj ET Q q 0 0 0 rg BT 494.95 222.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 524.30 222.00 Td (investments ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 212.40 Td (in ) Tj ET Q q 0 0 0 rg BT 57.96 212.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 103.75 212.40 Td (at ) Tj ET Q q 0 0 0 rg BT 111.76 212.40 Td (a ) Tj ET Q q 0 0 0 rg BT 117.55 212.40 Td (suf) Tj ET Q q 0 0 0 rg BT 127.18 212.40 Td (ficient ) Tj ET Q q 0 0 0 rg BT 149.85 212.40 Td (level ) Tj ET Q q 0 0 0 rg BT 167.64 212.40 Td (to ) Tj ET Q q 0 0 0 rg BT 176.10 212.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 205.88 212.40 Td (to ) Tj ET Q q 0 0 0 rg BT 214.34 212.40 Td (attract ) Tj ET Q q 0 0 0 rg BT 236.57 212.40 Td (audiences. ) Tj ET Q q 0 0 0 rg BT 272.34 212.40 Td (Changes ) Tj ET Q q 0 0 0 rg BT 302.13 212.40 Td (in ) Tj ET Q q 0 0 0 rg BT 310.59 212.40 Td (the ) Tj ET Q q 0 0 0 rg BT 322.61 212.40 Td (distribution ) Tj ET Q q 0 0 0 rg BT 361.73 212.40 Td (of ) Tj ET Q q 0 0 0 rg BT 370.64 212.40 Td (our ) Tj ET Q q 0 0 0 rg BT 383.54 212.40 Td (channels, ) Tj ET Q q 0 0 0 rg BT 415.77 212.40 Td (such ) Tj ET Q q 0 0 0 rg BT 432.67 212.40 Td (as ) Tj ET Q q 0 0 0 rg BT 441.57 212.40 Td (our ) Tj ET Q q 0 0 0 rg BT 454.47 212.40 Td (decision ) Tj ET Q q 0 0 0 rg BT 483.37 212.40 Td (to ) Tj ET Q q 0 0 0 rg BT 491.83 212.40 Td (cease ) Tj ET Q q 0 0 0 rg BT 511.39 212.40 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 554.50 212.40 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 202.80 Td (digital ) Tj ET Q q 0 0 0 rg BT 72.10 202.80 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 104.91 202.80 Td (television ) Tj ET Q q 0 0 0 rg BT 138.18 202.80 Td (\("DTT"\) ) Tj ET Q q 0 0 0 rg BT 167.75 202.80 Td (in ) Tj ET Q q 0 0 0 rg BT 176.14 202.80 Td (the ) Tj ET Q q 0 0 0 rg BT 188.07 202.80 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 212.46 202.80 Td (Republic ) Tj ET Q q 0 0 0 rg BT 243.50 202.80 Td (and ) Tj ET Q q 0 0 0 rg BT 257.22 202.80 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 289.38 202.80 Td (may ) Tj ET Q q 0 0 0 rg BT 305.31 202.80 Td (reduce ) Tj ET Q q 0 0 0 rg BT 328.79 202.80 Td (the ) Tj ET Q q 0 0 0 rg BT 340.72 202.80 Td (number ) Tj ET Q q 0 0 0 rg BT 367.32 202.80 Td (of ) Tj ET Q q 0 0 0 rg BT 376.15 202.80 Td (people ) Tj ET Q q 0 0 0 rg BT 399.64 202.80 Td (who ) Tj ET Q q 0 0 0 rg BT 415.58 202.80 Td (can ) Tj ET Q q 0 0 0 rg BT 428.84 202.80 Td (view ) Tj ET Q q 0 0 0 rg BT 446.55 202.80 Td (our ) Tj ET Q q 0 0 0 rg BT 459.38 202.80 Td (channels, ) Tj ET Q q 0 0 0 rg BT 491.53 202.80 Td (which ) Tj ET Q q 0 0 0 rg BT 513.24 202.80 Td (may ) Tj ET Q q 0 0 0 rg BT 529.18 202.80 Td (negatively ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 193.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 72.64 193.20 Td (our ) Tj ET Q q 0 0 0 rg BT 84.67 193.20 Td (audience ) Tj ET Q q 0 0 0 rg BT 114.46 193.20 Td (share ) Tj ET Q q 0 0 0 rg BT 132.70 193.20 Td (and ) Tj ET Q q 0 0 0 rg BT 145.62 193.20 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 165.66 193.20 Td (generated. ) Tj ET Q q 0 0 0 rg BT 200.12 193.20 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 243.47 193.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 278.61 193.20 Td (or ) Tj ET Q q 0 0 0 rg BT 286.64 193.20 Td (sustained ) Tj ET Q q 0 0 0 rg BT 317.78 193.20 Td (reductions ) Tj ET Q q 0 0 0 rg BT 352.47 193.20 Td (in ) Tj ET Q q 0 0 0 rg BT 360.06 193.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 399.64 193.20 Td (in ) Tj ET Q q 0 0 0 rg BT 407.23 193.20 Td (programming ) Tj ET Q q 0 0 0 rg BT 452.14 193.20 Td (or ) Tj ET Q q 0 0 0 rg BT 460.17 193.20 Td (other ) Tj ET Q q 0 0 0 rg BT 477.98 193.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 509.56 193.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 526.92 193.20 Td (in ) Tj ET Q q 0 0 0 rg BT 534.51 193.20 Td (response ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 183.60 Td (to ) Tj ET Q q 0 0 0 rg BT 58.16 183.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 85.91 183.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 123.90 183.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 154.76 183.60 Td (had ) Tj ET Q q 0 0 0 rg BT 168.75 183.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 184.74 183.60 Td (if ) Tj ET Q q 0 0 0 rg BT 192.06 183.60 Td (repeated, ) Tj ET Q q 0 0 0 rg BT 223.59 183.60 Td (may ) Tj ET Q q 0 0 0 rg BT 239.80 183.60 Td (have ) Tj ET Q q 0 0 0 rg BT 257.33 183.60 Td (an ) Tj ET Q q 0 0 0 rg BT 267.32 183.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 294.19 183.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 318.39 183.60 Td (on ) Tj ET Q q 0 0 0 rg BT 328.83 183.60 Td (our ) Tj ET Q q 0 0 0 rg BT 341.93 183.60 Td (television ) Tj ET Q q 0 0 0 rg BT 375.47 183.60 Td (viewing ) Tj ET Q q 0 0 0 rg BT 403.68 183.60 Td (levels. ) Tj ET Q q 0 0 0 rg BT 426.78 183.60 Td (Reductions ) Tj ET Q q 0 0 0 rg BT 465.21 183.60 Td (in ) Tj ET Q q 0 0 0 rg BT 473.87 183.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 511.85 183.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 543.18 183.60 Td (in ) Tj ET Q q 0 0 0 rg BT 551.84 183.60 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 174.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 76.74 174.00 Td (and ) Tj ET Q q 0 0 0 rg BT 90.21 174.00 Td (resistance ) Tj ET Q q 0 0 0 rg BT 123.67 174.00 Td (to ) Tj ET Q q 0 0 0 rg BT 131.82 174.00 Td (price ) Tj ET Q q 0 0 0 rg BT 149.72 174.00 Td (increases ) Tj ET Q q 0 0 0 rg BT 180.96 174.00 Td (as ) Tj ET Q q 0 0 0 rg BT 189.54 174.00 Td (well ) Tj ET Q q 0 0 0 rg BT 205.24 174.00 Td (as ) Tj ET Q q 0 0 0 rg BT 213.82 174.00 Td (competition ) Tj ET Q q 0 0 0 rg BT 253.96 174.00 Td (for ) Tj ET Q q 0 0 0 rg BT 265.21 174.00 Td (ratings ) Tj ET Q q 0 0 0 rg BT 288.90 174.00 Td (from ) Tj ET Q q 0 0 0 rg BT 306.37 174.00 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 348.27 174.00 Td (seeking ) Tj ET Q q 0 0 0 rg BT 374.63 174.00 Td (to ) Tj ET Q q 0 0 0 rg BT 382.77 174.00 Td (attract ) Tj ET Q q 0 0 0 rg BT 404.67 174.00 Td (similar ) Tj ET Q q 0 0 0 rg BT 428.81 174.00 Td (audiences ) Tj ET Q q 0 0 0 rg BT 462.27 174.00 Td (may ) Tj ET Q q 0 0 0 rg BT 477.96 174.00 Td (have ) Tj ET Q q 0 0 0 rg BT 494.99 174.00 Td (an ) Tj ET Q q 0 0 0 rg BT 504.46 174.00 Td (adverse ) Tj ET Q q 0 0 0 rg BT 530.81 174.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 554.50 174.00 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 164.40 Td (our ) Tj ET Q q 0 0 0 rg BT 62.48 164.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 85.24 164.40 Td (to ) Tj ET Q q 0 0 0 rg BT 93.78 164.40 Td (maintain ) Tj ET Q q 0 0 0 rg BT 124.09 164.40 Td (our ) Tj ET Q q 0 0 0 rg BT 137.07 164.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 174.94 164.40 Td (sales. ) Tj ET Q q 0 0 0 rg BT 194.29 164.40 Td (A) Tj ET Q q 0 0 0 rg BT 199.63 164.40 Td ( ) Tj ET Q q 0 0 0 rg BT 201.95 164.40 Td (failure ) Tj ET Q q 0 0 0 rg BT 225.14 164.40 Td (to ) Tj ET Q q 0 0 0 rg BT 233.68 164.40 Td (maintain ) Tj ET Q q 0 0 0 rg BT 263.99 164.40 Td (and ) Tj ET Q q 0 0 0 rg BT 277.86 164.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 306.38 164.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 344.24 164.40 Td (sales ) Tj ET Q q 0 0 0 rg BT 362.11 164.40 Td (could ) Tj ET Q q 0 0 0 rg BT 382.20 164.40 Td (have ) Tj ET Q q 0 0 0 rg BT 399.62 164.40 Td (a ) Tj ET Q q 0 0 0 rg BT 405.49 164.40 Td (material ) Tj ET Q q 0 0 0 rg BT 434.01 164.40 Td (adverse ) Tj ET Q q 0 0 0 rg BT 460.76 164.40 Td (ef) Tj ET Q q 0 0 0 rg BT 466.83 164.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 481.13 164.40 Td (on ) Tj ET Q q 0 0 0 rg BT 491.45 164.40 Td (our ) Tj ET Q q 0 0 0 rg BT 504.43 164.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 534.73 164.40 Td (position, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 154.80 Td (results ) Tj ET Q q 0 0 0 rg BT 72.39 154.80 Td (of ) Tj ET Q q 0 0 0 rg BT 81.05 154.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 116.38 154.80 Td (and ) Tj ET Q q 0 0 0 rg BT 129.93 154.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 146.14 154.80 Td (flows.) Tj ET Q endstream endobj 23 0 obj <>] /Rotate 0 /Contents 24 0 R>> endobj 24 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.02 723.60 Td (e ) Tj ET Q q 0 0 0 rg BT 61.57 723.60 Td (may ) Tj ET Q q 0 0 0 rg BT 77.34 723.60 Td (be ) Tj ET Q q 0 0 0 rg BT 86.89 723.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 111.57 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.79 723.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 140.00 723.60 Td (or ) Tj ET Q q 0 0 0 rg BT 149.12 723.60 Td (refinance ) Tj ET Q q 0 0 0 rg BT 182.67 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 196.23 723.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 224.01 723.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 268.23 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 282.68 723.60 Td (may ) Tj ET Q q 0 0 0 rg BT 298.46 723.60 Td (not ) Tj ET Q q 0 0 0 rg BT 311.13 723.60 Td (be ) Tj ET Q q 0 0 0 rg BT 320.68 723.60 Td (able ) Tj ET Q q 0 0 0 rg BT 336.45 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 344.68 723.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 367.57 723.60 Td (favorable ) Tj ET Q q 0 0 0 rg BT 400.67 723.60 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 441.34 723.60 Td (terms.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 708.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.10 708.00 Td (have ) Tj ET Q q 0 0 0 rg BT 79.35 708.00 Td (a ) Tj ET Q q 0 0 0 rg BT 85.04 708.00 Td (substantial ) Tj ET Q q 0 0 0 rg BT 121.40 708.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 147.54 708.00 Td (of ) Tj ET Q q 0 0 0 rg BT 156.34 708.00 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 201.81 708.00 Td (Following ) Tj ET Q q 0 0 0 rg BT 236.84 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 248.76 708.00 Td (termination ) Tj ET Q q 0 0 0 rg BT 287.78 708.00 Td (on ) Tj ET Q q 0 0 0 rg BT 297.92 708.00 Td (January ) Tj ET Q q 0 0 0 rg BT 324.94 708.00 Td (18, ) Tj ET Q q 0 0 0 rg BT 337.08 708.00 Td (2019 ) Tj ET Q q 0 0 0 rg BT 355.22 708.00 Td (of ) Tj ET Q q 0 0 0 rg BT 364.03 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 375.95 708.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 411.40 708.00 Td (we ) Tj ET Q q 0 0 0 rg BT 422.87 708.00 Td (originally ) Tj ET Q q 0 0 0 rg BT 456.12 708.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 481.80 708.00 Td (into ) Tj ET Q q 0 0 0 rg BT 496.38 708.00 Td (on ) Tj ET Q q 0 0 0 rg BT 506.53 708.00 Td (July ) Tj ET Q q 0 0 0 rg BT 522.00 708.00 Td (9, ) Tj ET Q q 0 0 0 rg BT 530.14 708.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 548.29 708.00 Td (with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.40 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 79.63 698.40 Td (Broadband ) Tj ET Q q 0 0 0 rg BT 116.86 698.40 Td (S. ) Tj ET Q q 0 0 0 rg BT 128.99 698.40 Td (r) Tj ET Q q 0 0 0 rg BT 131.21 698.40 Td (.l., ) Tj ET Q q 0 0 0 rg BT 141.57 698.40 Td (a ) Tj ET Q q 0 0 0 rg BT 147.25 698.40 Td (wholly ) Tj ET Q q 0 0 0 rg BT 171.60 698.40 Td (owned ) Tj ET Q q 0 0 0 rg BT 195.06 698.40 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 230.08 698.40 Td (of ) Tj ET Q q 0 0 0 rg BT 238.87 698.40 Td (United ) Tj ET Q q 0 0 0 rg BT 262.78 698.40 Td (Group ) Tj ET Q q 0 0 0 rg BT 285.35 698.40 Td (B.V) Tj ET Q q 0 0 0 rg BT 297.43 698.40 Td (., ) Tj ET Q q 0 0 0 rg BT 303.56 698.40 Td (for ) Tj ET Q q 0 0 0 rg BT 315.02 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 326.93 698.40 Td (sale ) Tj ET Q q 0 0 0 rg BT 341.49 698.40 Td (of ) Tj ET Q q 0 0 0 rg BT 350.29 698.40 Td (our ) Tj ET Q q 0 0 0 rg BT 363.08 698.40 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 397.21 698.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 434.67 698.40 Td (we ) Tj ET Q q 0 0 0 rg BT 446.13 698.40 Td (have ) Tj ET Q q 0 0 0 rg BT 463.36 698.40 Td (not ) Tj ET Q q 0 0 0 rg BT 475.71 698.40 Td (repaid ) Tj ET Q q 0 0 0 rg BT 497.83 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 509.73 698.40 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 553.19 698.40 Td (we ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 688.80 Td (planned ) Tj ET Q q 0 0 0 rg BT 76.49 688.80 Td (to ) Tj ET Q q 0 0 0 rg BT 84.38 688.80 Td (repay ) Tj ET Q q 0 0 0 rg BT 103.81 688.80 Td (with ) Tj ET Q q 0 0 0 rg BT 119.70 688.80 Td (the ) Tj ET Q q 0 0 0 rg BT 131.14 688.80 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 161.23 688.80 Td (we ) Tj ET Q q 0 0 0 rg BT 172.23 688.80 Td (had ) Tj ET Q q 0 0 0 rg BT 185.45 688.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 215.54 688.80 Td (to ) Tj ET Q q 0 0 0 rg BT 223.43 688.80 Td (receive ) Tj ET Q q 0 0 0 rg BT 248.18 688.80 Td (from ) Tj ET Q q 0 0 0 rg BT 265.40 688.80 Td (that ) Tj ET Q q 0 0 0 rg BT 279.06 688.80 Td (sale. ) Tj ET Q q 0 0 0 rg BT 295.16 688.80 Td (Under ) Tj ET Q q 0 0 0 rg BT 316.82 688.80 Td (the ) Tj ET Q q 0 0 0 rg BT 328.26 688.80 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 380.22 688.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 417.42 688.80 Td (and ) Tj ET Q q 0 0 0 rg BT 430.64 688.80 Td (the ) Tj ET Q q 0 0 0 rg BT 442.08 688.80 Td (2023 ) Tj ET Q q 0 0 0 rg BT 459.74 688.80 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 494.74 688.80 Td (Credit ) Tj ET Q q 0 0 0 rg BT 516.40 688.80 Td (Facility ) Tj ET Q q 0 0 0 rg BT 542.51 688.80 Td (\(when ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 679.20 Td (drawn\), ) Tj ET Q q 0 0 0 rg BT 77.15 679.20 Td (we ) Tj ET Q q 0 0 0 rg BT 89.46 679.20 Td (can ) Tj ET Q q 0 0 0 rg BT 103.56 679.20 Td (incur ) Tj ET Q q 0 0 0 rg BT 122.98 679.20 Td (only ) Tj ET Q q 0 0 0 rg BT 140.20 679.20 Td (limited ) Tj ET Q q 0 0 0 rg BT 165.85 679.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 195.95 679.20 Td (of ) Tj ET Q q 0 0 0 rg BT 205.61 679.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 240.59 679.20 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 286.90 679.20 Td (other ) Tj ET Q q 0 0 0 rg BT 306.33 679.20 Td (than ) Tj ET Q q 0 0 0 rg BT 323.09 679.20 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 367.41 679.20 Td (incurred ) Tj ET Q q 0 0 0 rg BT 397.05 679.20 Td (to ) Tj ET Q q 0 0 0 rg BT 406.26 679.20 Td (refinance ) Tj ET Q q 0 0 0 rg BT 439.01 679.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 467.33 679.20 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 513.64 679.20 Td (In ) Tj ET Q q 0 0 0 rg BT 523.30 679.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 554.51 679.20 Td (all ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 669.60 Td (commitments ) Tj ET Q q 0 0 0 rg BT 95.30 669.60 Td (under ) Tj ET Q q 0 0 0 rg BT 115.76 669.60 Td (the ) Tj ET Q q 0 0 0 rg BT 127.78 669.60 Td (2023 ) Tj ET Q q 0 0 0 rg BT 146.03 669.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 181.61 669.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 203.86 669.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 230.54 669.60 Td (also ) Tj ET Q q 0 0 0 rg BT 245.68 669.60 Td (terminate ) Tj ET Q q 0 0 0 rg BT 278.13 669.60 Td (on ) Tj ET Q q 0 0 0 rg BT 288.38 669.60 Td (the ) Tj ET Q q 0 0 0 rg BT 300.40 669.60 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 339.08 669.60 Td (of ) Tj ET Q q 0 0 0 rg BT 347.99 669.60 Td (any ) Tj ET Q q 0 0 0 rg BT 361.79 669.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 379.59 669.60 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 400.11 669.60 Td (W) Tj ET Q q 0 0 0 rg BT 407.02 669.60 Td (e ) Tj ET Q q 0 0 0 rg BT 412.82 669.60 Td (face ) Tj ET Q q 0 0 0 rg BT 428.38 669.60 Td (the ) Tj ET Q q 0 0 0 rg BT 440.41 669.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 454.65 669.60 Td (that ) Tj ET Q q 0 0 0 rg BT 468.90 669.60 Td (we ) Tj ET Q q 0 0 0 rg BT 480.47 669.60 Td (will ) Tj ET Q q 0 0 0 rg BT 495.17 669.60 Td (not ) Tj ET Q q 0 0 0 rg BT 507.64 669.60 Td (be ) Tj ET Q q 0 0 0 rg BT 517.44 669.60 Td (able ) Tj ET Q q 0 0 0 rg BT 533.01 669.60 Td (to ) Tj ET Q q 0 0 0 rg BT 541.48 669.60 Td (renew) Tj ET Q q 0 0 0 rg BT 560.50 669.60 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 660.00 Td (repay ) Tj ET Q q 0 0 0 rg BT 69.41 660.00 Td (or ) Tj ET Q q 0 0 0 rg BT 78.21 660.00 Td (refinance ) Tj ET Q q 0 0 0 rg BT 110.11 660.00 Td (our ) Tj ET Q q 0 0 0 rg BT 122.92 660.00 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 166.38 660.00 Td (when ) Tj ET Q q 0 0 0 rg BT 185.86 660.00 Td (due, ) Tj ET Q q 0 0 0 rg BT 201.55 660.00 Td (or ) Tj ET Q q 0 0 0 rg BT 210.36 660.00 Td (that ) Tj ET Q q 0 0 0 rg BT 224.49 660.00 Td (the ) Tj ET Q q 0 0 0 rg BT 236.41 660.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 256.33 660.00 Td (of ) Tj ET Q q 0 0 0 rg BT 265.13 660.00 Td (any ) Tj ET Q q 0 0 0 rg BT 278.83 660.00 Td (renewal ) Tj ET Q q 0 0 0 rg BT 306.29 660.00 Td (or ) Tj ET Q q 0 0 0 rg BT 315.09 660.00 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 353.66 660.00 Td (will ) Tj ET Q q 0 0 0 rg BT 368.25 660.00 Td (not ) Tj ET Q q 0 0 0 rg BT 380.61 660.00 Td (be ) Tj ET Q q 0 0 0 rg BT 390.31 660.00 Td (on ) Tj ET Q q 0 0 0 rg BT 400.45 660.00 Td (better ) Tj ET Q q 0 0 0 rg BT 420.80 660.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 440.72 660.00 Td (than ) Tj ET Q q 0 0 0 rg BT 456.63 660.00 Td (those ) Tj ET Q q 0 0 0 rg BT 475.66 660.00 Td (of ) Tj ET Q q 0 0 0 rg BT 484.47 660.00 Td (such ) Tj ET Q q 0 0 0 rg BT 501.28 660.00 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 544.74 660.00 Td (being ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 650.40 Td (refinanced. ) Tj ET Q q 0 0 0 rg BT 87.14 650.40 Td ( ) Tj ET Q q 0 0 0 rg BT 89.03 650.40 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 132.90 650.40 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 162.34 650.40 Td (to ) Tj ET Q q 0 0 0 rg BT 170.44 650.40 Td (the ) Tj ET Q q 0 0 0 rg BT 182.10 650.40 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 234.23 650.40 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 273.65 650.40 Td (the ) Tj ET Q q 0 0 0 rg BT 285.31 650.40 Td (all-in ) Tj ET Q q 0 0 0 rg BT 304.08 650.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 321.07 650.40 Td (on ) Tj ET Q q 0 0 0 rg BT 330.96 650.40 Td (each ) Tj ET Q q 0 0 0 rg BT 347.49 650.40 Td (of ) Tj ET Q q 0 0 0 rg BT 356.04 650.40 Td (the ) Tj ET Q q 0 0 0 rg BT 367.70 650.40 Td (Euro ) Tj ET Q q 0 0 0 rg BT 385.14 650.40 Td (Loans ) Tj ET Q q 0 0 0 rg BT 406.58 650.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 434.66 650.40 Td (to ) Tj ET Q q 0 0 0 rg BT 442.77 650.40 Td (a ) Tj ET Q q 0 0 0 rg BT 448.21 650.40 Td (maximum ) Tj ET Q q 0 0 0 rg BT 482.54 650.40 Td (of ) Tj ET Q q 0 0 0 rg BT 491.09 650.40 Td (10.0% ) Tj ET Q q 0 0 0 rg BT 513.64 650.40 Td (\(or ) Tj ET Q q 0 0 0 rg BT 524.85 650.40 Td (3.5% ) Tj ET Q q 0 0 0 rg BT 543.40 650.40 Td (above ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 640.80 Td (the ) Tj ET Q q 0 0 0 rg BT 60.72 640.80 Td (then-current ) Tj ET Q q 0 0 0 rg BT 101.25 640.80 Td (all-in ) Tj ET Q q 0 0 0 rg BT 119.57 640.80 Td (rate, ) Tj ET Q q 0 0 0 rg BT 135.00 640.80 Td (if ) Tj ET Q q 0 0 0 rg BT 141.33 640.80 Td (lower\), ) Tj ET Q q 0 0 0 rg BT 165.65 640.80 Td (on ) Tj ET Q q 0 0 0 rg BT 175.10 640.80 Td (the ) Tj ET Q q 0 0 0 rg BT 186.31 640.80 Td (date ) Tj ET Q q 0 0 0 rg BT 201.08 640.80 Td (that ) Tj ET Q q 0 0 0 rg BT 214.52 640.80 Td (is ) Tj ET Q q 0 0 0 rg BT 221.30 640.80 Td (365 ) Tj ET Q q 0 0 0 rg BT 234.74 640.80 Td (days ) Tj ET Q q 0 0 0 rg BT 250.84 640.80 Td (following ) Tj ET Q q 0 0 0 rg BT 283.40 640.80 Td (a ) Tj ET Q q 0 0 0 rg BT 288.39 640.80 Td (change ) Tj ET Q q 0 0 0 rg BT 312.48 640.80 Td (of ) Tj ET Q q 0 0 0 rg BT 320.59 640.80 Td (control ) Tj ET Q q 0 0 0 rg BT 344.69 640.80 Td (of ) Tj ET Q q 0 0 0 rg BT 352.80 640.80 Td (CME ) Tj ET Q q 0 0 0 rg BT 371.58 640.80 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 386.13 640.80 Td (\(as ) Tj ET Q q 0 0 0 rg BT 396.90 640.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 422.33 640.80 Td (therein\); ) Tj ET Q q 0 0 0 rg BT 450.87 640.80 Td (and ) Tj ET Q q 0 0 0 rg BT 463.86 640.80 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 492.86 640.80 Td (to ) Tj ET Q q 0 0 0 rg BT 500.52 640.80 Td (the ) Tj ET Q q 0 0 0 rg BT 511.74 640.80 Td (2023 ) Tj ET Q q 0 0 0 rg BT 529.18 640.80 Td (Revolving ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 631.20 Td (Credit ) Tj ET Q q 0 0 0 rg BT 71.57 631.20 Td (Facility) Tj ET Q q 0 0 0 rg BT 95.49 631.20 Td (, ) Tj ET Q q 0 0 0 rg BT 99.56 631.20 Td (all ) Tj ET Q q 0 0 0 rg BT 109.63 631.20 Td (commitments ) Tj ET Q q 0 0 0 rg BT 155.25 631.20 Td (terminate ) Tj ET Q q 0 0 0 rg BT 187.53 631.20 Td (following ) Tj ET Q q 0 0 0 rg BT 220.71 631.20 Td (a ) Tj ET Q q 0 0 0 rg BT 226.34 631.20 Td (change ) Tj ET Q q 0 0 0 rg BT 251.06 631.20 Td (of ) Tj ET Q q 0 0 0 rg BT 259.80 631.20 Td (control ) Tj ET Q q 0 0 0 rg BT 284.53 631.20 Td (\(as ) Tj ET Q q 0 0 0 rg BT 295.93 631.20 Td (defined ) Tj ET Q q 0 0 0 rg BT 321.99 631.20 Td (therein\) ) Tj ET Q q 0 0 0 rg BT 348.94 631.20 Td (and ) Tj ET Q q 0 0 0 rg BT 362.56 631.20 Td (the ) Tj ET Q q 0 0 0 rg BT 374.41 631.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 400.03 631.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 414.09 631.20 Td (on ) Tj ET Q q 0 0 0 rg BT 424.16 631.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 453.34 631.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 492.75 631.20 Td (increases ) Tj ET Q q 0 0 0 rg BT 524.13 631.20 Td (to ) Tj ET Q q 0 0 0 rg BT 532.43 631.20 Td (10% ) Tj ET Q q 0 0 0 rg BT 549.17 631.20 Td (plus ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 621.60 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 75.29 621.60 Td (or ) Tj ET Q q 0 0 0 rg BT 83.74 621.60 Td (9% ) Tj ET Q q 0 0 0 rg BT 96.19 621.60 Td (plus ) Tj ET Q q 0 0 0 rg BT 111.31 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 122.87 621.60 Td (alternate ) Tj ET Q q 0 0 0 rg BT 152.20 621.60 Td (base ) Tj ET Q q 0 0 0 rg BT 168.20 621.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 181.97 621.60 Td (on ) Tj ET Q q 0 0 0 rg BT 191.76 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 203.32 621.60 Td (date ) Tj ET Q q 0 0 0 rg BT 218.43 621.60 Td (that ) Tj ET Q q 0 0 0 rg BT 232.21 621.60 Td (is ) Tj ET Q q 0 0 0 rg BT 239.34 621.60 Td (365 ) Tj ET Q q 0 0 0 rg BT 253.13 621.60 Td (days ) Tj ET Q q 0 0 0 rg BT 269.58 621.60 Td (following ) Tj ET Q q 0 0 0 rg BT 302.47 621.60 Td (such ) Tj ET Q q 0 0 0 rg BT 318.92 621.60 Td (change ) Tj ET Q q 0 0 0 rg BT 343.36 621.60 Td (of ) Tj ET Q q 0 0 0 rg BT 351.81 621.60 Td (control. ) Tj ET Q q 0 0 0 rg BT 378.26 621.60 Td (In ) Tj ET Q q 0 0 0 rg BT 386.71 621.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.27 621.60 Td (event ) Tj ET Q q 0 0 0 rg BT 417.38 621.60 Td (we ) Tj ET Q q 0 0 0 rg BT 428.50 621.60 Td (are ) Tj ET Q q 0 0 0 rg BT 440.05 621.60 Td (not ) Tj ET Q q 0 0 0 rg BT 452.06 621.60 Td (able ) Tj ET Q q 0 0 0 rg BT 467.17 621.60 Td (to ) Tj ET Q q 0 0 0 rg BT 475.18 621.60 Td (refinance ) Tj ET Q q 0 0 0 rg BT 506.72 621.60 Td (our ) Tj ET Q q 0 0 0 rg BT 519.18 621.60 Td (indebtedness, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 612.00 Td (we ) Tj ET Q q 0 0 0 rg BT 60.35 612.00 Td (might ) Tj ET Q q 0 0 0 rg BT 80.54 612.00 Td (be ) Tj ET Q q 0 0 0 rg BT 89.61 612.00 Td (forced ) Tj ET Q q 0 0 0 rg BT 111.55 612.00 Td (to ) Tj ET Q q 0 0 0 rg BT 119.30 612.00 Td (dispose ) Tj ET Q q 0 0 0 rg BT 144.82 612.00 Td (of ) Tj ET Q q 0 0 0 rg BT 153.00 612.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 173.18 612.00 Td (on ) Tj ET Q q 0 0 0 rg BT 182.70 612.00 Td (disadvantageous ) Tj ET Q q 0 0 0 rg BT 237.10 612.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 256.39 612.00 Td (or ) Tj ET Q q 0 0 0 rg BT 264.57 612.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 287.41 612.00 Td (or ) Tj ET Q q 0 0 0 rg BT 295.59 612.00 Td (suspend ) Tj ET Q q 0 0 0 rg BT 322.89 612.00 Td (operations, ) Tj ET Q q 0 0 0 rg BT 359.73 612.00 Td (any ) Tj ET Q q 0 0 0 rg BT 372.80 612.00 Td (of ) Tj ET Q q 0 0 0 rg BT 380.99 612.00 Td (which ) Tj ET Q q 0 0 0 rg BT 402.06 612.00 Td (would ) Tj ET Q q 0 0 0 rg BT 423.58 612.00 Td (materially ) Tj ET Q q 0 0 0 rg BT 457.53 612.00 Td (and ) Tj ET Q q 0 0 0 rg BT 470.60 612.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 502.77 612.00 Td (af) Tj ET Q q 0 0 0 rg BT 508.84 612.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 522.35 612.00 Td (our ) Tj ET Q q 0 0 0 rg BT 534.53 612.00 Td (financial ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 602.40 Td (condition, ) Tj ET Q q 0 0 0 rg BT 83.72 602.40 Td (results ) Tj ET Q q 0 0 0 rg BT 106.61 602.40 Td (of ) Tj ET Q q 0 0 0 rg BT 115.27 602.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 150.59 602.40 Td (and ) Tj ET Q q 0 0 0 rg BT 164.14 602.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 180.36 602.40 Td (flows.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 586.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.84 586.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 80.61 586.80 Td (service ) Tj ET Q q 0 0 0 rg BT 105.27 586.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 143.72 586.80 Td (and ) Tj ET Q q 0 0 0 rg BT 158.17 586.80 Td (covenants ) Tj ET Q q 0 0 0 rg BT 193.05 586.80 Td (may ) Tj ET Q q 0 0 0 rg BT 208.83 586.80 Td (restrict ) Tj ET Q q 0 0 0 rg BT 233.94 586.80 Td (our ) Tj ET Q q 0 0 0 rg BT 247.50 586.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 269.94 586.80 Td (to ) Tj ET Q q 0 0 0 rg BT 278.16 586.80 Td (conduct ) Tj ET Q q 0 0 0 rg BT 306.39 586.80 Td (our ) Tj ET Q q 0 0 0 rg BT 319.95 586.80 Td (operations.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 571.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 571.20 Td (e ) Tj ET Q q 0 0 0 rg BT 62.03 571.20 Td (have ) Tj ET Q q 0 0 0 rg BT 79.19 571.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 115.03 571.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 130.87 571.20 Td (service ) Tj ET Q q 0 0 0 rg BT 155.58 571.20 Td (obligations ) Tj ET Q q 0 0 0 rg BT 193.21 571.20 Td (under ) Tj ET Q q 0 0 0 rg BT 213.49 571.20 Td (the ) Tj ET Q q 0 0 0 rg BT 225.32 571.20 Td (Euro ) Tj ET Q q 0 0 0 rg BT 242.94 571.20 Td (Loans ) Tj ET Q q 0 0 0 rg BT 264.56 571.20 Td (as ) Tj ET Q q 0 0 0 rg BT 273.29 571.20 Td (well ) Tj ET Q q 0 0 0 rg BT 289.13 571.20 Td (as ) Tj ET Q q 0 0 0 rg BT 297.85 571.20 Td (the ) Tj ET Q q 0 0 0 rg BT 309.69 571.20 Td (2023 ) Tj ET Q q 0 0 0 rg BT 327.76 571.20 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 363.16 571.20 Td (Credit ) Tj ET Q q 0 0 0 rg BT 385.22 571.20 Td (Facility ) Tj ET Q q 0 0 0 rg BT 411.72 571.20 Td (\(when ) Tj ET Q q 0 0 0 rg BT 433.78 571.20 Td (drawn\), ) Tj ET Q q 0 0 0 rg BT 460.50 571.20 Td (including ) Tj ET Q q 0 0 0 rg BT 492.79 571.20 Td (the ) Tj ET Q q 0 0 0 rg BT 504.63 571.20 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 539.56 571.20 Td (Fees ) Tj ET Q q 0 0 0 rg BT 556.29 571.20 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 561.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 561.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 74.90 561.60 Td (Media ) Tj ET Q q 0 0 0 rg BT 97.39 561.60 Td (as ) Tj ET Q q 0 0 0 rg BT 106.11 561.60 Td (consideration ) Tj ET Q q 0 0 0 rg BT 151.27 561.60 Td (for ) Tj ET Q q 0 0 0 rg BT 162.65 561.60 Td (its ) Tj ET Q q 0 0 0 rg BT 172.27 561.60 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 208.53 561.60 Td (of ) Tj ET Q q 0 0 0 rg BT 217.25 561.60 Td (the ) Tj ET Q q 0 0 0 rg BT 229.08 561.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 246.68 561.60 Td (Loans ) Tj ET Q q 0 0 0 rg BT 268.29 561.60 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 307.75 561.60 Td (, ) Tj ET Q q 0 0 0 rg BT 311.81 561.60 Td (the ) Tj ET Q q 0 0 0 rg BT 323.64 561.60 Td ("WM ) Tj ET Q q 0 0 0 rg BT 343.63 561.60 Td (Guarantees"\). ) Tj ET Q q 0 0 0 rg BT 389.59 561.60 Td (In ) Tj ET Q q 0 0 0 rg BT 398.31 561.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 428.59 561.60 Td (if ) Tj ET Q q 0 0 0 rg BT 435.53 561.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 451.80 561.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 471.64 561.60 Td (from ) Tj ET Q q 0 0 0 rg BT 489.24 561.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 524.63 561.60 Td (do ) Tj ET Q q 0 0 0 rg BT 534.68 561.60 Td (not ) Tj ET Q q 0 0 0 rg BT 546.96 561.60 Td (meet ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 552.00 Td (our ) Tj ET Q q 0 0 0 rg BT 62.06 552.00 Td (forecasts, ) Tj ET Q q 0 0 0 rg BT 94.38 552.00 Td (we ) Tj ET Q q 0 0 0 rg BT 105.61 552.00 Td (would ) Tj ET Q q 0 0 0 rg BT 127.50 552.00 Td (not ) Tj ET Q q 0 0 0 rg BT 139.62 552.00 Td (be ) Tj ET Q q 0 0 0 rg BT 149.06 552.00 Td (able ) Tj ET Q q 0 0 0 rg BT 164.28 552.00 Td (to ) Tj ET Q q 0 0 0 rg BT 172.40 552.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 195.61 552.00 Td (our ) Tj ET Q q 0 0 0 rg BT 208.17 552.00 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 251.39 552.00 Td (as ) Tj ET Q q 0 0 0 rg BT 259.95 552.00 Td (planned ) Tj ET Q q 0 0 0 rg BT 287.16 552.00 Td (and ) Tj ET Q q 0 0 0 rg BT 300.61 552.00 Td (would ) Tj ET Q q 0 0 0 rg BT 322.50 552.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 351.95 552.00 Td (to ) Tj ET Q q 0 0 0 rg BT 360.06 552.00 Td (bear ) Tj ET Q q 0 0 0 rg BT 375.72 552.00 Td (higher ) Tj ET Q q 0 0 0 rg BT 398.05 552.00 Td (average ) Tj ET Q q 0 0 0 rg BT 424.82 552.00 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 460.04 552.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 477.93 552.00 Td (on ) Tj ET Q q 0 0 0 rg BT 487.83 552.00 Td (our ) Tj ET Q q 0 0 0 rg BT 500.39 552.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 521.83 552.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 537.50 552.00 Td (and ) Tj ET Q q 0 0 0 rg BT 550.95 552.00 Td (pay ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 542.40 Td (more ) Tj ET Q q 0 0 0 rg BT 68.00 542.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 93.60 542.40 Td (and ) Tj ET Q q 0 0 0 rg BT 107.21 542.40 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 142.13 542.40 Td (Fees. ) Tj ET Q q 0 0 0 rg BT 160.40 542.40 Td (As ) Tj ET Q q 0 0 0 rg BT 171.35 542.40 Td (a ) Tj ET Q q 0 0 0 rg BT 176.96 542.40 Td (result ) Tj ET Q q 0 0 0 rg BT 196.79 542.40 Td (of ) Tj ET Q q 0 0 0 rg BT 205.51 542.40 Td (our ) Tj ET Q q 0 0 0 rg BT 218.23 542.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 234.06 542.40 Td (service ) Tj ET Q q 0 0 0 rg BT 258.77 542.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 296.38 542.40 Td (and ) Tj ET Q q 0 0 0 rg BT 309.99 542.40 Td (covenants ) Tj ET Q q 0 0 0 rg BT 344.04 542.40 Td (contained ) Tj ET Q q 0 0 0 rg BT 377.19 542.40 Td (in ) Tj ET Q q 0 0 0 rg BT 385.47 542.40 Td (the ) Tj ET Q q 0 0 0 rg BT 397.31 542.40 Td (related ) Tj ET Q q 0 0 0 rg BT 421.13 542.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 436.96 542.40 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 477.44 542.40 Td (we ) Tj ET Q q 0 0 0 rg BT 488.83 542.40 Td (are ) Tj ET Q q 0 0 0 rg BT 500.65 542.40 Td (restricted ) Tj ET Q q 0 0 0 rg BT 532.47 542.40 Td (under ) Tj ET Q q 0 0 0 rg BT 552.74 542.40 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 532.80 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 101.72 532.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 139.27 532.80 Td (and ) Tj ET Q q 0 0 0 rg BT 152.83 532.80 Td (the ) Tj ET Q q 0 0 0 rg BT 164.62 532.80 Td (2023 ) Tj ET Q q 0 0 0 rg BT 182.63 532.80 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 217.97 532.80 Td (Credit ) Tj ET Q q 0 0 0 rg BT 239.97 532.80 Td (Facility ) Tj ET Q q 0 0 0 rg BT 266.42 532.80 Td (\(when ) Tj ET Q q 0 0 0 rg BT 288.43 532.80 Td (drawn\) ) Tj ET Q q 0 0 0 rg BT 313.09 532.80 Td (in ) Tj ET Q q 0 0 0 rg BT 321.32 532.80 Td (the ) Tj ET Q q 0 0 0 rg BT 333.11 532.80 Td (manner ) Tj ET Q q 0 0 0 rg BT 359.11 532.80 Td (in ) Tj ET Q q 0 0 0 rg BT 367.34 532.80 Td (which ) Tj ET Q q 0 0 0 rg BT 388.90 532.80 Td (our ) Tj ET Q q 0 0 0 rg BT 401.57 532.80 Td (business ) Tj ET Q q 0 0 0 rg BT 430.70 532.80 Td (is ) Tj ET Q q 0 0 0 rg BT 438.04 532.80 Td (conducted, ) Tj ET Q q 0 0 0 rg BT 474.93 532.80 Td (including ) Tj ET Q q 0 0 0 rg BT 507.15 532.80 Td (but ) Tj ET Q q 0 0 0 rg BT 519.39 532.80 Td (not ) Tj ET Q q 0 0 0 rg BT 531.62 532.80 Td (limited ) Tj ET Q q 0 0 0 rg BT 556.29 532.80 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 523.20 Td (our ) Tj ET Q q 0 0 0 rg BT 62.08 523.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 84.44 523.20 Td (to ) Tj ET Q q 0 0 0 rg BT 92.58 523.20 Td (obtain ) Tj ET Q q 0 0 0 rg BT 114.49 523.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 148.40 523.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 164.09 523.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 196.21 523.20 Td (to ) Tj ET Q q 0 0 0 rg BT 204.35 523.20 Td (refinance ) Tj ET Q q 0 0 0 rg BT 236.02 523.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 263.27 523.20 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 306.51 523.20 Td (or ) Tj ET Q q 0 0 0 rg BT 315.09 523.20 Td (to ) Tj ET Q q 0 0 0 rg BT 323.23 523.20 Td (fund ) Tj ET Q q 0 0 0 rg BT 339.81 523.20 Td (future ) Tj ET Q q 0 0 0 rg BT 360.83 523.20 Td (working ) Tj ET Q q 0 0 0 rg BT 389.41 523.20 Td (capital, ) Tj ET Q q 0 0 0 rg BT 414.64 523.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 437.88 523.20 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 482.67 523.20 Td (business ) Tj ET Q q 0 0 0 rg BT 511.70 523.20 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 555.83 523.20 Td (or ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 513.60 Td (other ) Tj ET Q q 0 0 0 rg BT 67.22 513.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 98.71 513.60 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 143.67 513.60 Td (W) Tj ET Q q 0 0 0 rg BT 150.58 513.60 Td (e ) Tj ET Q q 0 0 0 rg BT 155.41 513.60 Td (may ) Tj ET Q q 0 0 0 rg BT 170.47 513.60 Td (have ) Tj ET Q q 0 0 0 rg BT 186.86 513.60 Td (a ) Tj ET Q q 0 0 0 rg BT 191.69 513.60 Td (proportionally ) Tj ET Q q 0 0 0 rg BT 238.75 513.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 260.47 513.60 Td (level ) Tj ET Q q 0 0 0 rg BT 277.30 513.60 Td (of ) Tj ET Q q 0 0 0 rg BT 285.25 513.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 300.31 513.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.15 513.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 328.20 513.60 Td (service ) Tj ET Q q 0 0 0 rg BT 352.14 513.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 388.98 513.60 Td (than ) Tj ET Q q 0 0 0 rg BT 404.04 513.60 Td (our ) Tj ET Q q 0 0 0 rg BT 415.99 513.60 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 457.04 513.60 Td (which ) Tj ET Q q 0 0 0 rg BT 477.88 513.60 Td (may ) Tj ET Q q 0 0 0 rg BT 492.94 513.60 Td (put ) Tj ET Q q 0 0 0 rg BT 504.45 513.60 Td (us ) Tj ET Q q 0 0 0 rg BT 512.84 513.60 Td (at ) Tj ET Q q 0 0 0 rg BT 519.90 513.60 Td (a ) Tj ET Q q 0 0 0 rg BT 524.74 513.60 Td (competitive ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 504.00 Td (disadvantage ) Tj ET Q q 0 0 0 rg BT 93.43 504.00 Td (by ) Tj ET Q q 0 0 0 rg BT 103.60 504.00 Td (limiting ) Tj ET Q q 0 0 0 rg BT 131.10 504.00 Td (our ) Tj ET Q q 0 0 0 rg BT 143.94 504.00 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 177.66 504.00 Td (in ) Tj ET Q q 0 0 0 rg BT 186.05 504.00 Td (planning ) Tj ET Q q 0 0 0 rg BT 216.21 504.00 Td (for) Tj ET Q q 0 0 0 rg BT 225.22 504.00 Td (, ) Tj ET Q q 0 0 0 rg BT 229.39 504.00 Td (or ) Tj ET Q q 0 0 0 rg BT 238.22 504.00 Td (reacting ) Tj ET Q q 0 0 0 rg BT 266.15 504.00 Td (to, ) Tj ET Q q 0 0 0 rg BT 276.55 504.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 304.48 504.00 Td (in ) Tj ET Q q 0 0 0 rg BT 312.87 504.00 Td (our ) Tj ET Q q 0 0 0 rg BT 325.71 504.00 Td (business, ) Tj ET Q q 0 0 0 rg BT 356.99 504.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 390.25 504.00 Td (conditions ) Tj ET Q q 0 0 0 rg BT 425.75 504.00 Td (or ) Tj ET Q q 0 0 0 rg BT 434.59 504.00 Td (our ) Tj ET Q q 0 0 0 rg BT 447.42 504.00 Td (industry) Tj ET Q q 0 0 0 rg BT 473.12 504.00 Td (. ) Tj ET Q q 0 0 0 rg BT 477.29 504.00 Td (For ) Tj ET Q q 0 0 0 rg BT 490.58 504.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 524.74 504.00 Td (information ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 494.40 Td (regarding ) Tj ET Q q 0 0 0 rg BT 82.42 494.40 Td (the ) Tj ET Q q 0 0 0 rg BT 94.46 494.40 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 146.88 494.40 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 186.68 494.40 Td (the ) Tj ET Q q 0 0 0 rg BT 198.72 494.40 Td (2023 ) Tj ET Q q 0 0 0 rg BT 216.99 494.40 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 252.59 494.40 Td (Credit ) Tj ET Q q 0 0 0 rg BT 274.85 494.40 Td (Facility ) Tj ET Q q 0 0 0 rg BT 301.55 494.40 Td (and ) Tj ET Q q 0 0 0 rg BT 315.37 494.40 Td (the ) Tj ET Q q 0 0 0 rg BT 327.25 494.40 Td (WM ) Tj ET Q q 0 0 0 rg BT 344.18 494.40 Td (Guarantees, ) Tj ET Q q 0 0 0 rg BT 384.42 494.40 Td (see ) Tj ET Q q 0 0 0 rg BT 396.90 494.40 Td (Part ) Tj ET Q q 0 0 0 rg BT 412.06 494.40 Td (II, ) Tj ET Q q 0 0 0 rg BT 421.65 494.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 438.57 494.40 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.84 494.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 464.66 494.40 Td (5, ) Tj ET Q q 0 0 0 rg BT 472.92 494.40 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 512.66 494.40 Td (Debt ) Tj ET Q q 0 0 0 rg BT 530.48 494.40 Td (and ) Tj ET Q q 0 0 0 rg BT 544.30 494.40 Td (Other ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 484.80 Td (Financing ) Tj ET Q q 0 0 0 rg BT 83.05 484.80 Td (Arrangements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 131.64 484.80 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 469.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.02 469.20 Td (e ) Tj ET Q q 0 0 0 rg BT 61.57 469.20 Td (may ) Tj ET Q q 0 0 0 rg BT 77.34 469.20 Td (be ) Tj ET Q q 0 0 0 rg BT 86.89 469.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 112.00 469.20 Td (to ) Tj ET Q q 0 0 0 rg BT 120.23 469.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 149.34 469.20 Td (in ) Tj ET Q q 0 0 0 rg BT 158.01 469.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 170.23 469.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 188.23 469.20 Td (and ) Tj ET Q q 0 0 0 rg BT 202.68 469.20 Td (exposure ) Tj ET Q q 0 0 0 rg BT 234.46 469.20 Td (to ) Tj ET Q q 0 0 0 rg BT 242.68 469.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 278.02 469.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 290.25 469.20 Td (liabilities.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 453.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 453.60 Td (e ) Tj ET Q q 0 0 0 rg BT 61.82 453.60 Td (are ) Tj ET Q q 0 0 0 rg BT 73.44 453.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 97.96 453.60 Td (to ) Tj ET Q q 0 0 0 rg BT 106.04 453.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 124.33 453.60 Td (in ) Tj ET Q q 0 0 0 rg BT 132.41 453.60 Td (a ) Tj ET Q q 0 0 0 rg BT 137.82 453.60 Td (number ) Tj ET Q q 0 0 0 rg BT 164.12 453.60 Td (of ) Tj ET Q q 0 0 0 rg BT 172.64 453.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 197.60 453.60 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 241.01 453.60 Td (including ) Tj ET Q q 0 0 0 rg BT 273.09 453.60 Td (in ) Tj ET Q q 0 0 0 rg BT 281.17 453.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 305.68 453.60 Td (of ) Tj ET Q q 0 0 0 rg BT 314.20 453.60 Td (our ) Tj ET Q q 0 0 0 rg BT 326.72 453.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 361.90 453.60 Td (as ) Tj ET Q q 0 0 0 rg BT 370.42 453.60 Td (well ) Tj ET Q q 0 0 0 rg BT 386.05 453.60 Td (as ) Tj ET Q q 0 0 0 rg BT 394.57 453.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 417.75 453.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 457.82 453.60 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 495.22 453.60 Td (by ) Tj ET Q q 0 0 0 rg BT 505.07 453.60 Td (us. ) Tj ET Q q 0 0 0 rg BT 515.91 453.60 Td (W) Tj ET Q q 0 0 0 rg BT 522.82 453.60 Td (e ) Tj ET Q q 0 0 0 rg BT 528.23 453.60 Td (are ) Tj ET Q q 0 0 0 rg BT 539.85 453.60 Td (subject ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 444.00 Td (to ) Tj ET Q q 0 0 0 rg BT 57.24 444.00 Td (regular ) Tj ET Q q 0 0 0 rg BT 81.40 444.00 Td (review ) Tj ET Q q 0 0 0 rg BT 104.68 444.00 Td (and ) Tj ET Q q 0 0 0 rg BT 117.75 444.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 135.26 444.00 Td (by ) Tj ET Q q 0 0 0 rg BT 144.77 444.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 156.06 444.00 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 193.34 444.00 Td (and ) Tj ET Q q 0 0 0 rg BT 206.40 444.00 Td (in ) Tj ET Q q 0 0 0 rg BT 214.14 444.00 Td (the ) Tj ET Q q 0 0 0 rg BT 225.43 444.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 254.04 444.00 Td (course ) Tj ET Q q 0 0 0 rg BT 276.44 444.00 Td (of ) Tj ET Q q 0 0 0 rg BT 284.61 444.00 Td (our ) Tj ET Q q 0 0 0 rg BT 296.79 444.00 Td (business ) Tj ET Q q 0 0 0 rg BT 325.42 444.00 Td (there ) Tj ET Q q 0 0 0 rg BT 342.92 444.00 Td (are ) Tj ET Q q 0 0 0 rg BT 354.20 444.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 393.92 444.00 Td (and ) Tj ET Q q 0 0 0 rg BT 406.99 444.00 Td (calculations ) Tj ET Q q 0 0 0 rg BT 446.71 444.00 Td (where ) Tj ET Q q 0 0 0 rg BT 467.77 444.00 Td (the ) Tj ET Q q 0 0 0 rg BT 479.05 444.00 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 506.78 444.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 518.07 444.00 Td (determination ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 434.40 Td (is ) Tj ET Q q 0 0 0 rg BT 56.60 434.40 Td (unknown. ) Tj ET Q q 0 0 0 rg BT 90.14 434.40 Td (Significant ) Tj ET Q q 0 0 0 rg BT 127.01 434.40 Td (judgment ) Tj ET Q q 0 0 0 rg BT 159.00 434.40 Td (is ) Tj ET Q q 0 0 0 rg BT 166.10 434.40 Td (required ) Tj ET Q q 0 0 0 rg BT 194.51 434.40 Td (in ) Tj ET Q q 0 0 0 rg BT 202.50 434.40 Td (determining ) Tj ET Q q 0 0 0 rg BT 242.92 434.40 Td (our ) Tj ET Q q 0 0 0 rg BT 255.35 434.40 Td (provision ) Tj ET Q q 0 0 0 rg BT 287.34 434.40 Td (for ) Tj ET Q q 0 0 0 rg BT 298.43 434.40 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 318.51 434.40 Td (The ) Tj ET Q q 0 0 0 rg BT 332.71 434.40 Td (final ) Tj ET Q q 0 0 0 rg BT 349.13 434.40 Td (determination ) Tj ET Q q 0 0 0 rg BT 395.33 434.40 Td (of ) Tj ET Q q 0 0 0 rg BT 403.76 434.40 Td (our ) Tj ET Q q 0 0 0 rg BT 416.18 434.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 427.72 434.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 459.26 434.40 Td (resulting ) Tj ET Q q 0 0 0 rg BT 489.02 434.40 Td (from ) Tj ET Q q 0 0 0 rg BT 506.34 434.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 517.87 434.40 Td (audits, ) Tj ET Q q 0 0 0 rg BT 540.75 434.40 Td (related ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 424.80 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 90.04 424.80 Td (or ) Tj ET Q q 0 0 0 rg BT 98.60 424.80 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 131.60 424.80 Td (could ) Tj ET Q q 0 0 0 rg BT 151.26 424.80 Td (be ) Tj ET Q q 0 0 0 rg BT 160.71 424.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 195.03 424.80 Td (dif) Tj ET Q q 0 0 0 rg BT 203.77 424.80 Td (ferent ) Tj ET Q q 0 0 0 rg BT 224.31 424.80 Td (from ) Tj ET Q q 0 0 0 rg BT 241.76 424.80 Td (our ) Tj ET Q q 0 0 0 rg BT 254.31 424.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 265.98 424.80 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 303.21 424.80 Td (Economic ) Tj ET Q q 0 0 0 rg BT 337.54 424.80 Td (and ) Tj ET Q q 0 0 0 rg BT 350.98 424.80 Td (political ) Tj ET Q q 0 0 0 rg BT 379.09 424.80 Td (pressures ) Tj ET Q q 0 0 0 rg BT 410.75 424.80 Td (to ) Tj ET Q q 0 0 0 rg BT 418.86 424.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 446.96 424.80 Td (receipts ) Tj ET Q q 0 0 0 rg BT 473.73 424.80 Td (in ) Tj ET Q q 0 0 0 rg BT 481.84 424.80 Td (various ) Tj ET Q q 0 0 0 rg BT 507.29 424.80 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 548.73 424.80 Td (may ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 415.20 Td (make ) Tj ET Q q 0 0 0 rg BT 68.85 415.20 Td (taxation ) Tj ET Q q 0 0 0 rg BT 96.64 415.20 Td (and ) Tj ET Q q 0 0 0 rg BT 110.21 415.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 122.01 415.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 139.14 415.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 163.82 415.20 Td (to ) Tj ET Q q 0 0 0 rg BT 172.07 415.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 207.86 415.20 Td (change ) Tj ET Q q 0 0 0 rg BT 232.54 415.20 Td (and ) Tj ET Q q 0 0 0 rg BT 246.11 415.20 Td (the ) Tj ET Q q 0 0 0 rg BT 257.91 415.20 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 296.80 415.20 Td (resolution ) Tj ET Q q 0 0 0 rg BT 330.82 415.20 Td (of ) Tj ET Q q 0 0 0 rg BT 339.51 415.20 Td (any ) Tj ET Q q 0 0 0 rg BT 353.09 415.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 364.88 415.20 Td (disputes ) Tj ET Q q 0 0 0 rg BT 393.13 415.20 Td (more ) Tj ET Q q 0 0 0 rg BT 411.59 415.20 Td (dif) Tj ET Q q 0 0 0 rg BT 420.33 415.20 Td (ficult. ) Tj ET Q q 0 0 0 rg BT 441.09 415.20 Td (The ) Tj ET Q q 0 0 0 rg BT 455.55 415.20 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 492.66 415.20 Td (of ) Tj ET Q q 0 0 0 rg BT 501.35 415.20 Td (any ) Tj ET Q q 0 0 0 rg BT 514.92 415.20 Td (of ) Tj ET Q q 0 0 0 rg BT 523.61 415.20 Td (these ) Tj ET Q q 0 0 0 rg BT 542.07 415.20 Td (events ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 405.60 Td (could ) Tj ET Q q 0 0 0 rg BT 69.27 405.60 Td (have ) Tj ET Q q 0 0 0 rg BT 86.38 405.60 Td (a ) Tj ET Q q 0 0 0 rg BT 91.93 405.60 Td (material ) Tj ET Q q 0 0 0 rg BT 120.13 405.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 146.56 405.60 Td (ef) Tj ET Q q 0 0 0 rg BT 152.63 405.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 166.62 405.60 Td (on ) Tj ET Q q 0 0 0 rg BT 176.62 405.60 Td (our ) Tj ET Q q 0 0 0 rg BT 189.29 405.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 219.27 405.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 249.05 405.60 Td (results ) Tj ET Q q 0 0 0 rg BT 271.94 405.60 Td (of ) Tj ET Q q 0 0 0 rg BT 280.60 405.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 315.93 405.60 Td (and ) Tj ET Q q 0 0 0 rg BT 329.48 405.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 345.69 405.60 Td (flows.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 390.00 Td (A) Tj ET Q q 0 0 0 rg BT 54.39 390.00 Td ( ) Tj ET Q q 0 0 0 rg BT 56.39 390.00 Td (default ) Tj ET Q q 0 0 0 rg BT 81.50 390.00 Td (by ) Tj ET Q q 0 0 0 rg BT 91.05 390.00 Td (us ) Tj ET Q q 0 0 0 rg BT 100.62 390.00 Td (in ) Tj ET Q q 0 0 0 rg BT 109.29 390.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 147.73 390.00 Td (with ) Tj ET Q q 0 0 0 rg BT 163.96 390.00 Td (our ) Tj ET Q q 0 0 0 rg BT 177.53 390.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 215.98 390.00 Td (under ) Tj ET Q q 0 0 0 rg BT 237.54 390.00 Td (our ) Tj ET Q q 0 0 0 rg BT 251.11 390.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 292.23 390.00 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 336.46 390.00 Td (could ) Tj ET Q q 0 0 0 rg BT 356.68 390.00 Td (result ) Tj ET Q q 0 0 0 rg BT 377.35 390.00 Td (in ) Tj ET Q q 0 0 0 rg BT 386.02 390.00 Td (our ) Tj ET Q q 0 0 0 rg BT 399.59 390.00 Td (inability ) Tj ET Q q 0 0 0 rg BT 428.70 390.00 Td (to ) Tj ET Q q 0 0 0 rg BT 436.92 390.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 467.82 390.00 Td (to ) Tj ET Q q 0 0 0 rg BT 476.04 390.00 Td (conduct ) Tj ET Q q 0 0 0 rg BT 504.26 390.00 Td (our ) Tj ET Q q 0 0 0 rg BT 517.82 390.00 Td (business.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 374.40 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 79.23 374.40 Td (to ) Tj ET Q q 0 0 0 rg BT 87.18 374.40 Td (the ) Tj ET Q q 0 0 0 rg BT 98.68 374.40 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 150.69 374.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 187.96 374.40 Td (and ) Tj ET Q q 0 0 0 rg BT 201.24 374.40 Td (the ) Tj ET Q q 0 0 0 rg BT 212.74 374.40 Td (2023 ) Tj ET Q q 0 0 0 rg BT 230.47 374.40 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 265.53 374.40 Td (Credit ) Tj ET Q q 0 0 0 rg BT 287.26 374.40 Td (Facility) Tj ET Q q 0 0 0 rg BT 311.18 374.40 Td (, ) Tj ET Q q 0 0 0 rg BT 314.91 374.40 Td (we ) Tj ET Q q 0 0 0 rg BT 325.97 374.40 Td (pledged ) Tj ET Q q 0 0 0 rg BT 353.02 374.40 Td (all ) Tj ET Q q 0 0 0 rg BT 362.75 374.40 Td (of ) Tj ET Q q 0 0 0 rg BT 371.14 374.40 Td (the ) Tj ET Q q 0 0 0 rg BT 382.64 374.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 404.36 374.40 Td (of ) Tj ET Q q 0 0 0 rg BT 412.76 374.40 Td (CME ) Tj ET Q q 0 0 0 rg BT 431.82 374.40 Td (NV) Tj ET Q q 0 0 0 rg BT 443.23 374.40 Td ( ) Tj ET Q q 0 0 0 rg BT 444.96 374.40 Td (and ) Tj ET Q q 0 0 0 rg BT 458.24 374.40 Td (of ) Tj ET Q q 0 0 0 rg BT 466.64 374.40 Td (CME ) Tj ET Q q 0 0 0 rg BT 485.70 374.40 Td (BV) Tj ET Q q 0 0 0 rg BT 495.78 374.40 Td (, ) Tj ET Q q 0 0 0 rg BT 499.51 374.40 Td (which ) Tj ET Q q 0 0 0 rg BT 520.79 374.40 Td (together ) Tj ET Q q 0 0 0 rg BT 548.73 374.40 Td (own ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 364.80 Td (all ) Tj ET Q q 0 0 0 rg BT 59.61 364.80 Td (of ) Tj ET Q q 0 0 0 rg BT 68.39 364.80 Td (our ) Tj ET Q q 0 0 0 rg BT 81.16 364.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 109.94 364.80 Td (in ) Tj ET Q q 0 0 0 rg BT 118.27 364.80 Td (our ) Tj ET Q q 0 0 0 rg BT 131.05 364.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 163.38 364.80 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 205.26 364.80 Td (in ) Tj ET Q q 0 0 0 rg BT 213.60 364.80 Td (favor ) Tj ET Q q 0 0 0 rg BT 232.59 364.80 Td (of ) Tj ET Q q 0 0 0 rg BT 241.21 364.80 Td (W) Tj ET Q q 0 0 0 rg BT 248.12 364.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 266.67 364.80 Td (Media ) Tj ET Q q 0 0 0 rg BT 289.22 364.80 Td (as ) Tj ET Q q 0 0 0 rg BT 298.00 364.80 Td (security ) Tj ET Q q 0 0 0 rg BT 325.43 364.80 Td (for ) Tj ET Q q 0 0 0 rg BT 336.87 364.80 Td (this ) Tj ET Q q 0 0 0 rg BT 350.55 364.80 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 395.98 364.80 Td (If ) Tj ET Q q 0 0 0 rg BT 403.43 364.80 Td (we ) Tj ET Q q 0 0 0 rg BT 414.87 364.80 Td (or ) Tj ET Q q 0 0 0 rg BT 423.64 364.80 Td (these ) Tj ET Q q 0 0 0 rg BT 442.19 364.80 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 482.08 364.80 Td (were ) Tj ET Q q 0 0 0 rg BT 499.74 364.80 Td (to ) Tj ET Q q 0 0 0 rg BT 508.07 364.80 Td (default ) Tj ET Q q 0 0 0 rg BT 532.40 364.80 Td (under ) Tj ET Q q 0 0 0 rg BT 552.73 364.80 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 355.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 69.02 355.20 Td (of ) Tj ET Q q 0 0 0 rg BT 77.43 355.20 Td (any ) Tj ET Q q 0 0 0 rg BT 90.72 355.20 Td (of ) Tj ET Q q 0 0 0 rg BT 99.13 355.20 Td (the ) Tj ET Q q 0 0 0 rg BT 110.65 355.20 Td (relevant ) Tj ET Q q 0 0 0 rg BT 138.16 355.20 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 178.20 355.20 Td (W) Tj ET Q q 0 0 0 rg BT 185.11 355.20 Td (arner ) Tj ET Q q 0 0 0 rg BT 203.29 355.20 Td (Media ) Tj ET Q q 0 0 0 rg BT 225.47 355.20 Td (would ) Tj ET Q q 0 0 0 rg BT 247.22 355.20 Td (have ) Tj ET Q q 0 0 0 rg BT 264.06 355.20 Td (the ) Tj ET Q q 0 0 0 rg BT 275.58 355.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 297.77 355.20 Td (to ) Tj ET Q q 0 0 0 rg BT 305.74 355.20 Td (sell ) Tj ET Q q 0 0 0 rg BT 318.59 355.20 Td (all ) Tj ET Q q 0 0 0 rg BT 328.33 355.20 Td (or ) Tj ET Q q 0 0 0 rg BT 336.74 355.20 Td (a ) Tj ET Q q 0 0 0 rg BT 342.04 355.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 366.89 355.20 Td (of ) Tj ET Q q 0 0 0 rg BT 375.30 355.20 Td (the ) Tj ET Q q 0 0 0 rg BT 386.82 355.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 407.23 355.20 Td (pledged ) Tj ET Q q 0 0 0 rg BT 434.30 355.20 Td (to ) Tj ET Q q 0 0 0 rg BT 442.26 355.20 Td (it ) Tj ET Q q 0 0 0 rg BT 448.46 355.20 Td (in ) Tj ET Q q 0 0 0 rg BT 456.42 355.20 Td (order ) Tj ET Q q 0 0 0 rg BT 475.05 355.20 Td (to ) Tj ET Q q 0 0 0 rg BT 483.01 355.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 496.31 355.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 525.17 355.20 Td (outstanding ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 345.60 Td (under ) Tj ET Q q 0 0 0 rg BT 69.71 345.60 Td (such ) Tj ET Q q 0 0 0 rg BT 86.38 345.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 102.15 345.60 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 143.34 345.60 Td (This ) Tj ET Q q 0 0 0 rg BT 159.56 345.60 Td (could ) Tj ET Q q 0 0 0 rg BT 179.34 345.60 Td (result ) Tj ET Q q 0 0 0 rg BT 199.11 345.60 Td (in ) Tj ET Q q 0 0 0 rg BT 207.33 345.60 Td (our ) Tj ET Q q 0 0 0 rg BT 220.00 345.60 Td (inability ) Tj ET Q q 0 0 0 rg BT 248.66 345.60 Td (to ) Tj ET Q q 0 0 0 rg BT 256.88 345.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 284.21 345.60 Td (our ) Tj ET Q q 0 0 0 rg BT 296.87 345.60 Td (business.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 330.00 Td (Fluctuations ) Tj ET Q q 0 0 0 rg BT 93.74 330.00 Td (in ) Tj ET Q q 0 0 0 rg BT 102.41 330.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 135.96 330.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 153.96 330.00 Td (may ) Tj ET Q q 0 0 0 rg BT 169.73 330.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 200.63 330.00 Td (to ) Tj ET Q q 0 0 0 rg BT 208.85 330.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 241.50 330.00 Td (af) Tj ET Q q 0 0 0 rg BT 248.02 330.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 262.01 330.00 Td (our ) Tj ET Q q 0 0 0 rg BT 275.57 330.00 Td (results ) Tj ET Q q 0 0 0 rg BT 299.36 330.00 Td (of ) Tj ET Q q 0 0 0 rg BT 308.02 330.00 Td (operations.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 314.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.89 314.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 95.16 314.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 125.08 314.40 Td (is ) Tj ET Q q 0 0 0 rg BT 132.36 314.40 Td (the ) Tj ET Q q 0 0 0 rg BT 144.08 314.40 Td (dollar ) Tj ET Q q 0 0 0 rg BT 164.69 314.40 Td (and ) Tj ET Q q 0 0 0 rg BT 178.18 314.40 Td (CME ) Tj ET Q q 0 0 0 rg BT 197.46 314.40 Td (Ltd.'s ) Tj ET Q q 0 0 0 rg BT 217.07 314.40 Td (functional ) Tj ET Q q 0 0 0 rg BT 251.45 314.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 281.38 314.40 Td (is ) Tj ET Q q 0 0 0 rg BT 288.66 314.40 Td (the ) Tj ET Q q 0 0 0 rg BT 300.38 314.40 Td (Euro. ) Tj ET Q q 0 0 0 rg BT 319.88 314.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 334.26 314.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 376.64 314.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 407.02 314.40 Td (and ) Tj ET Q q 0 0 0 rg BT 420.51 314.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 438.46 314.40 Td (are ) Tj ET Q q 0 0 0 rg BT 450.17 314.40 Td (divided ) Tj ET Q q 0 0 0 rg BT 476.11 314.40 Td (across ) Tj ET Q q 0 0 0 rg BT 498.05 314.40 Td (a ) Tj ET Q q 0 0 0 rg BT 503.54 314.40 Td (range ) Tj ET Q q 0 0 0 rg BT 523.25 314.40 Td (of ) Tj ET Q q 0 0 0 rg BT 531.86 314.40 Td (European ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 304.80 Td (currencies. ) Tj ET Q q 0 0 0 rg BT 86.30 304.80 Td (Any ) Tj ET Q q 0 0 0 rg BT 102.56 304.80 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 148.60 304.80 Td (of ) Tj ET Q q 0 0 0 rg BT 157.74 304.80 Td (the ) Tj ET Q q 0 0 0 rg BT 170.00 304.80 Td (dollar ) Tj ET Q q 0 0 0 rg BT 191.15 304.80 Td (will ) Tj ET Q q 0 0 0 rg BT 206.08 304.80 Td (have ) Tj ET Q q 0 0 0 rg BT 223.66 304.80 Td (a ) Tj ET Q q 0 0 0 rg BT 229.70 304.80 Td (negative ) Tj ET Q q 0 0 0 rg BT 259.28 304.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 283.53 304.80 Td (on ) Tj ET Q q 0 0 0 rg BT 294.02 304.80 Td (our ) Tj ET Q q 0 0 0 rg BT 307.17 304.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 336.30 304.80 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 369.22 304.80 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 413.69 304.80 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 453.94 304.80 Td (in ) Tj ET Q q 0 0 0 rg BT 462.65 304.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 495.34 304.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 512.92 304.80 Td (may ) Tj ET Q q 0 0 0 rg BT 529.18 304.80 Td (negatively ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 295.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 74.11 295.20 Td (programming ) Tj ET Q q 0 0 0 rg BT 120.49 295.20 Td (costs. ) Tj ET Q q 0 0 0 rg BT 141.12 295.20 Td (While ) Tj ET Q q 0 0 0 rg BT 163.51 295.20 Td (local ) Tj ET Q q 0 0 0 rg BT 181.89 295.20 Td (programming ) Tj ET Q q 0 0 0 rg BT 228.27 295.20 Td (is ) Tj ET Q q 0 0 0 rg BT 236.45 295.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 269.04 295.20 Td (purchased ) Tj ET Q q 0 0 0 rg BT 304.31 295.20 Td (in ) Tj ET Q q 0 0 0 rg BT 313.37 295.20 Td (local ) Tj ET Q q 0 0 0 rg BT 331.75 295.20 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 369.46 295.20 Td (a ) Tj ET Q q 0 0 0 rg BT 375.85 295.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 412.45 295.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 438.40 295.20 Td (of ) Tj ET Q q 0 0 0 rg BT 447.90 295.20 Td (our ) Tj ET Q q 0 0 0 rg BT 461.40 295.20 Td (content ) Tj ET Q q 0 0 0 rg BT 487.79 295.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 506.62 295.20 Td (relates ) Tj ET Q q 0 0 0 rg BT 530.33 295.20 Td (to ) Tj ET Q q 0 0 0 rg BT 539.39 295.20 Td (foreign ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 285.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 94.78 285.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 128.94 285.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 158.22 285.60 Td (to ) Tj ET Q q 0 0 0 rg BT 166.18 285.60 Td (dollar) Tj ET Q q 0 0 0 rg BT 184.68 285.60 Td (-denominated ) Tj ET Q q 0 0 0 rg BT 230.39 285.60 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 270.55 285.60 Td (If ) Tj ET Q q 0 0 0 rg BT 277.61 285.60 Td (the ) Tj ET Q q 0 0 0 rg BT 289.11 285.60 Td (dollar ) Tj ET Q q 0 0 0 rg BT 309.50 285.60 Td (appreciates ) Tj ET Q q 0 0 0 rg BT 347.21 285.60 Td (against ) Tj ET Q q 0 0 0 rg BT 371.60 285.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.11 285.60 Td (functional ) Tj ET Q q 0 0 0 rg BT 417.27 285.60 Td (currencies ) Tj ET Q q 0 0 0 rg BT 451.87 285.60 Td (of ) Tj ET Q q 0 0 0 rg BT 460.27 285.60 Td (our ) Tj ET Q q 0 0 0 rg BT 472.66 285.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 504.61 285.60 Td (segments, ) Tj ET Q q 0 0 0 rg BT 538.11 285.60 Td (the ) Tj ET Q q 0 0 0 rg BT 549.62 285.60 Td (cost ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 276.00 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 276.00 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 90.38 276.00 Td (such ) Tj ET Q q 0 0 0 rg BT 107.04 276.00 Td (content ) Tj ET Q q 0 0 0 rg BT 132.59 276.00 Td (would ) Tj ET Q q 0 0 0 rg BT 154.59 276.00 Td (be ) Tj ET Q q 0 0 0 rg BT 164.14 276.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 196.79 276.00 Td (af) Tj ET Q q 0 0 0 rg BT 202.86 276.00 Td (fected, ) Tj ET Q q 0 0 0 rg BT 226.40 276.00 Td (which ) Tj ET Q q 0 0 0 rg BT 247.95 276.00 Td (could ) Tj ET Q q 0 0 0 rg BT 267.72 276.00 Td (have ) Tj ET Q q 0 0 0 rg BT 284.82 276.00 Td (a ) Tj ET Q q 0 0 0 rg BT 290.38 276.00 Td (material ) Tj ET Q q 0 0 0 rg BT 318.58 276.00 Td (adverse ) Tj ET Q q 0 0 0 rg BT 345.01 276.00 Td (ef) Tj ET Q q 0 0 0 rg BT 351.08 276.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 365.07 276.00 Td (on ) Tj ET Q q 0 0 0 rg BT 375.07 276.00 Td (our ) Tj ET Q q 0 0 0 rg BT 387.73 276.00 Td (results ) Tj ET Q q 0 0 0 rg BT 410.62 276.00 Td (of ) Tj ET Q q 0 0 0 rg BT 419.29 276.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 454.61 276.00 Td (and ) Tj ET Q q 0 0 0 rg BT 468.16 276.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 484.38 276.00 Td (flows.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.84 256.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 97.95 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.17 256.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 136.17 256.10 Td (our ) Tj ET Q q 0 0 0 rg BT 149.73 256.10 Td (carriage ) Tj ET Q q 0 0 0 rg BT 179.29 256.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 194.16 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.61 256.10 Td (diversify ) Tj ET Q q 0 0 0 rg BT 238.60 256.10 Td (our ) Tj ET Q q 0 0 0 rg BT 252.16 256.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 283.49 256.10 Td (may ) Tj ET Q q 0 0 0 rg BT 299.27 256.10 Td (not ) Tj ET Q q 0 0 0 rg BT 311.94 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 321.49 256.10 Td (successful.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 240.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 240.50 Td (e ) Tj ET Q q 0 0 0 rg BT 61.82 240.50 Td (are ) Tj ET Q q 0 0 0 rg BT 73.44 240.50 Td (focused ) Tj ET Q q 0 0 0 rg BT 100.17 240.50 Td (on ) Tj ET Q q 0 0 0 rg BT 110.02 240.50 Td (creating ) Tj ET Q q 0 0 0 rg BT 137.64 240.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 171.49 240.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 198.66 240.50 Td (streams ) Tj ET Q q 0 0 0 rg BT 224.95 240.50 Td (from ) Tj ET Q q 0 0 0 rg BT 242.35 240.50 Td (our ) Tj ET Q q 0 0 0 rg BT 254.87 240.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 287.38 240.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 322.56 240.50 Td (as ) Tj ET Q q 0 0 0 rg BT 331.08 240.50 Td (well ) Tj ET Q q 0 0 0 rg BT 346.71 240.50 Td (as ) Tj ET Q q 0 0 0 rg BT 355.22 240.50 Td (increasing ) Tj ET Q q 0 0 0 rg BT 389.95 240.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 420.24 240.50 Td (generated ) Tj ET Q q 0 0 0 rg BT 453.18 240.50 Td (from ) Tj ET Q q 0 0 0 rg BT 470.59 240.50 Td (television ) Tj ET Q q 0 0 0 rg BT 503.55 240.50 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 542.95 240.50 Td (which ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 230.90 Td (is ) Tj ET Q q 0 0 0 rg BT 57.05 230.90 Td (how ) Tj ET Q q 0 0 0 rg BT 73.04 230.90 Td (we ) Tj ET Q q 0 0 0 rg BT 84.57 230.90 Td (generate ) Tj ET Q q 0 0 0 rg BT 113.88 230.90 Td (most ) Tj ET Q q 0 0 0 rg BT 131.64 230.90 Td (of ) Tj ET Q q 0 0 0 rg BT 140.52 230.90 Td (our ) Tj ET Q q 0 0 0 rg BT 153.39 230.90 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 186.04 230.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 200.69 230.90 Td (main ) Tj ET Q q 0 0 0 rg BT 218.89 230.90 Td (ef) Tj ET Q q 0 0 0 rg BT 224.96 230.90 Td (forts ) Tj ET Q q 0 0 0 rg BT 241.84 230.90 Td (with ) Tj ET Q q 0 0 0 rg BT 258.27 230.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 283.14 230.90 Td (to ) Tj ET Q q 0 0 0 rg BT 291.57 230.90 Td (this ) Tj ET Q q 0 0 0 rg BT 305.34 230.90 Td (strategy ) Tj ET Q q 0 0 0 rg BT 332.88 230.90 Td (are ) Tj ET Q q 0 0 0 rg BT 344.85 230.90 Td (on ) Tj ET Q q 0 0 0 rg BT 355.06 230.90 Td (increasing ) Tj ET Q q 0 0 0 rg BT 390.15 230.90 Td (carriage ) Tj ET Q q 0 0 0 rg BT 418.11 230.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 433.20 230.90 Td (from ) Tj ET Q q 0 0 0 rg BT 450.96 230.90 Td (cable, ) Tj ET Q q 0 0 0 rg BT 472.05 230.90 Td (satellite ) Tj ET Q q 0 0 0 rg BT 499.14 230.90 Td (and ) Tj ET Q q 0 0 0 rg BT 512.90 230.90 Td (IPTV) Tj ET Q q 0 0 0 rg BT 530.54 230.90 Td ( ) Tj ET Q q 0 0 0 rg BT 532.75 230.90 Td (operators ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 221.30 Td (for ) Tj ET Q q 0 0 0 rg BT 60.91 221.30 Td (carriage ) Tj ET Q q 0 0 0 rg BT 88.75 221.30 Td (of ) Tj ET Q q 0 0 0 rg BT 97.50 221.30 Td (our ) Tj ET Q q 0 0 0 rg BT 110.24 221.30 Td (channels ) Tj ET Q q 0 0 0 rg BT 140.31 221.30 Td (as ) Tj ET Q q 0 0 0 rg BT 149.06 221.30 Td (well ) Tj ET Q q 0 0 0 rg BT 164.92 221.30 Td (as ) Tj ET Q q 0 0 0 rg BT 173.66 221.30 Td (continuing ) Tj ET Q q 0 0 0 rg BT 209.97 221.30 Td (to ) Tj ET Q q 0 0 0 rg BT 218.27 221.30 Td (seek ) Tj ET Q q 0 0 0 rg BT 234.57 221.30 Td (improvements ) Tj ET Q q 0 0 0 rg BT 282.42 221.30 Td (in ) Tj ET Q q 0 0 0 rg BT 290.73 221.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 328.36 221.30 Td (pricing. ) Tj ET Q q 0 0 0 rg BT 354.64 221.30 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 395.38 221.30 Td (with ) Tj ET Q q 0 0 0 rg BT 411.68 221.30 Td (operators ) Tj ET Q q 0 0 0 rg BT 443.53 221.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 475.38 221.30 Td (have ) Tj ET Q q 0 0 0 rg BT 492.56 221.30 Td (a ) Tj ET Q q 0 0 0 rg BT 498.19 221.30 Td (term ) Tj ET Q q 0 0 0 rg BT 514.94 221.30 Td (of ) Tj ET Q q 0 0 0 rg BT 523.68 221.30 Td (one ) Tj ET Q q 0 0 0 rg BT 537.32 221.30 Td (or ) Tj ET Q q 0 0 0 rg BT 546.06 221.30 Td (more ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 211.70 Td (years, ) Tj ET Q q 0 0 0 rg BT 70.40 211.70 Td (at ) Tj ET Q q 0 0 0 rg BT 78.19 211.70 Td (which ) Tj ET Q q 0 0 0 rg BT 99.76 211.70 Td (time ) Tj ET Q q 0 0 0 rg BT 116.00 211.70 Td (agreements ) Tj ET Q q 0 0 0 rg BT 154.44 211.70 Td (must ) Tj ET Q q 0 0 0 rg BT 172.02 211.70 Td (be ) Tj ET Q q 0 0 0 rg BT 181.59 211.70 Td (renewed. ) Tj ET Q q 0 0 0 rg BT 212.55 211.70 Td (There ) Tj ET Q q 0 0 0 rg BT 233.22 211.70 Td (can ) Tj ET Q q 0 0 0 rg BT 246.34 211.70 Td (be ) Tj ET Q q 0 0 0 rg BT 255.91 211.70 Td (no ) Tj ET Q q 0 0 0 rg BT 265.93 211.70 Td (assurance ) Tj ET Q q 0 0 0 rg BT 299.04 211.70 Td (that ) Tj ET Q q 0 0 0 rg BT 313.06 211.70 Td (we ) Tj ET Q q 0 0 0 rg BT 324.41 211.70 Td (will ) Tj ET Q q 0 0 0 rg BT 338.87 211.70 Td (be ) Tj ET Q q 0 0 0 rg BT 348.44 211.70 Td (successful ) Tj ET Q q 0 0 0 rg BT 383.34 211.70 Td (in ) Tj ET Q q 0 0 0 rg BT 391.58 211.70 Td (renewing ) Tj ET Q q 0 0 0 rg BT 423.36 211.70 Td (carriage ) Tj ET Q q 0 0 0 rg BT 451.13 211.70 Td (fee ) Tj ET Q q 0 0 0 rg BT 462.92 211.70 Td (agreements ) Tj ET Q q 0 0 0 rg BT 501.36 211.70 Td (on ) Tj ET Q q 0 0 0 rg BT 511.38 211.70 Td (similar ) Tj ET Q q 0 0 0 rg BT 535.62 211.70 Td (or ) Tj ET Q q 0 0 0 rg BT 544.30 211.70 Td (better ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (terms. ) Tj ET Q q 0 0 0 rg BT 70.80 202.10 Td (During ) Tj ET Q q 0 0 0 rg BT 95.00 202.10 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 135.63 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.38 202.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 179.13 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.32 202.10 Td (carriage ) Tj ET Q q 0 0 0 rg BT 218.60 202.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 233.01 202.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 259.87 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.62 202.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 284.70 202.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 305.11 202.10 Td (some ) Tj ET Q q 0 0 0 rg BT 323.52 202.10 Td (cable ) Tj ET Q q 0 0 0 rg BT 341.93 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.01 202.10 Td (satellite ) Tj ET Q q 0 0 0 rg BT 381.41 202.10 Td (operators ) Tj ET Q q 0 0 0 rg BT 412.71 202.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 447.57 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.87 202.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 491.05 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.24 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.44 202.10 Td (channels, ) Tj ET Q q 0 0 0 rg BT 542.96 202.10 Td (which ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 192.50 Td (negatively ) Tj ET Q q 0 0 0 rg BT 84.85 192.50 Td (af) Tj ET Q q 0 0 0 rg BT 90.92 192.50 Td (fected ) Tj ET Q q 0 0 0 rg BT 112.49 192.50 Td (the ) Tj ET Q q 0 0 0 rg BT 124.30 192.50 Td (reach ) Tj ET Q q 0 0 0 rg BT 143.65 192.50 Td (and ) Tj ET Q q 0 0 0 rg BT 157.23 192.50 Td (audience ) Tj ET Q q 0 0 0 rg BT 187.69 192.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 209.71 192.50 Td (of ) Tj ET Q q 0 0 0 rg BT 218.41 192.50 Td (those ) Tj ET Q q 0 0 0 rg BT 237.33 192.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 272.69 192.50 Td (and, ) Tj ET Q q 0 0 0 rg BT 288.27 192.50 Td (as ) Tj ET Q q 0 0 0 rg BT 296.96 192.50 Td (a ) Tj ET Q q 0 0 0 rg BT 302.55 192.50 Td (result, ) Tj ET Q q 0 0 0 rg BT 324.35 192.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 361.93 192.50 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 394.25 192.50 Td (There ) Tj ET Q q 0 0 0 rg BT 414.93 192.50 Td (is ) Tj ET Q q 0 0 0 rg BT 422.30 192.50 Td (a ) Tj ET Q q 0 0 0 rg BT 427.88 192.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 441.92 192.50 Td (that ) Tj ET Q q 0 0 0 rg BT 455.94 192.50 Td (operators ) Tj ET Q q 0 0 0 rg BT 487.74 192.50 Td (may ) Tj ET Q q 0 0 0 rg BT 503.55 192.50 Td (refuse ) Tj ET Q q 0 0 0 rg BT 525.12 192.50 Td (to ) Tj ET Q q 0 0 0 rg BT 533.38 192.50 Td (carry ) Tj ET Q q 0 0 0 rg BT 551.84 192.50 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 182.90 Td (channels ) Tj ET Q q 0 0 0 rg BT 78.93 182.90 Td (while ) Tj ET Q q 0 0 0 rg BT 98.14 182.90 Td (carriage ) Tj ET Q q 0 0 0 rg BT 125.33 182.90 Td (fee ) Tj ET Q q 0 0 0 rg BT 136.53 182.90 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 177.07 182.90 Td (are ) Tj ET Q q 0 0 0 rg BT 188.28 182.90 Td (ongoing, ) Tj ET Q q 0 0 0 rg BT 217.94 182.90 Td (which ) Tj ET Q q 0 0 0 rg BT 238.93 182.90 Td (would ) Tj ET Q q 0 0 0 rg BT 260.36 182.90 Td (temporarily ) Tj ET Q q 0 0 0 rg BT 299.12 182.90 Td (reduce ) Tj ET Q q 0 0 0 rg BT 321.88 182.90 Td (the ) Tj ET Q q 0 0 0 rg BT 333.09 182.90 Td (reach ) Tj ET Q q 0 0 0 rg BT 351.84 182.90 Td (of ) Tj ET Q q 0 0 0 rg BT 359.94 182.90 Td (those ) Tj ET Q q 0 0 0 rg BT 378.27 182.90 Td (channels ) Tj ET Q q 0 0 0 rg BT 407.69 182.90 Td (and ) Tj ET Q q 0 0 0 rg BT 420.68 182.90 Td (may ) Tj ET Q q 0 0 0 rg BT 435.89 182.90 Td (result ) Tj ET Q q 0 0 0 rg BT 455.10 182.90 Td (in ) Tj ET Q q 0 0 0 rg BT 462.76 182.90 Td (clients ) Tj ET Q q 0 0 0 rg BT 485.08 182.90 Td (withdrawing ) Tj ET Q q 0 0 0 rg BT 526.96 182.90 Td (advertising ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 173.30 Td (from ) Tj ET Q q 0 0 0 rg BT 67.27 173.30 Td (our ) Tj ET Q q 0 0 0 rg BT 80.14 173.30 Td (channels. ) Tj ET Q q 0 0 0 rg BT 112.19 173.30 Td (The ) Tj ET Q q 0 0 0 rg BT 126.84 173.30 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 164.14 173.30 Td (of ) Tj ET Q q 0 0 0 rg BT 173.02 173.30 Td (any ) Tj ET Q q 0 0 0 rg BT 186.78 173.30 Td (of ) Tj ET Q q 0 0 0 rg BT 195.66 173.30 Td (these ) Tj ET Q q 0 0 0 rg BT 214.31 173.30 Td (events ) Tj ET Q q 0 0 0 rg BT 236.96 173.30 Td (may ) Tj ET Q q 0 0 0 rg BT 252.95 173.30 Td (have ) Tj ET Q q 0 0 0 rg BT 270.27 173.30 Td (an ) Tj ET Q q 0 0 0 rg BT 280.04 173.30 Td (adverse ) Tj ET Q q 0 0 0 rg BT 306.68 173.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 330.66 173.30 Td (on ) Tj ET Q q 0 0 0 rg BT 340.88 173.30 Td (our ) Tj ET Q q 0 0 0 rg BT 353.76 173.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 383.96 173.30 Td (position, ) Tj ET Q q 0 0 0 rg BT 413.95 173.30 Td (results ) Tj ET Q q 0 0 0 rg BT 437.05 173.30 Td (of ) Tj ET Q q 0 0 0 rg BT 445.93 173.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 481.47 173.30 Td (and ) Tj ET Q q 0 0 0 rg BT 495.24 173.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 511.67 173.30 Td (flows. ) Tj ET Q q 0 0 0 rg BT 533.66 173.30 Td (If ) Tj ET Q q 0 0 0 rg BT 541.20 173.30 Td (we ) Tj ET Q q 0 0 0 rg BT 552.75 173.30 Td (are ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 163.70 Td (inef) Tj ET Q q 0 0 0 rg BT 61.79 163.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 86.34 163.70 Td (in ) Tj ET Q q 0 0 0 rg BT 95.34 163.70 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 137.23 163.70 Td (with ) Tj ET Q q 0 0 0 rg BT 154.24 163.70 Td (carriers ) Tj ET Q q 0 0 0 rg BT 181.00 163.70 Td (or ) Tj ET Q q 0 0 0 rg BT 190.45 163.70 Td (in ) Tj ET Q q 0 0 0 rg BT 199.46 163.70 Td (achieving ) Tj ET Q q 0 0 0 rg BT 233.34 163.70 Td (further ) Tj ET Q q 0 0 0 rg BT 257.88 163.70 Td (carriage ) Tj ET Q q 0 0 0 rg BT 286.42 163.70 Td (fee ) Tj ET Q q 0 0 0 rg BT 298.97 163.70 Td (increases, ) Tj ET Q q 0 0 0 rg BT 333.07 163.70 Td (our ) Tj ET Q q 0 0 0 rg BT 346.52 163.70 Td (profitability ) Tj ET Q q 0 0 0 rg BT 387.52 163.70 Td (will ) Tj ET Q q 0 0 0 rg BT 402.74 163.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 433.07 163.70 Td (to ) Tj ET Q q 0 0 0 rg BT 442.08 163.70 Td (be ) Tj ET Q q 0 0 0 rg BT 452.41 163.70 Td (dependent ) Tj ET Q q 0 0 0 rg BT 488.07 163.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 520.63 163.70 Td (on ) Tj ET Q q 0 0 0 rg BT 531.41 163.70 Td (television ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 86.56 154.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 118.51 154.10 Td (which ) Tj ET Q q 0 0 0 rg BT 139.58 154.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 170.41 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.70 154.10 Td (importance ) Tj ET Q q 0 0 0 rg BT 219.20 154.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 241.59 154.10 Td (on ) Tj ET Q q 0 0 0 rg BT 251.11 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 263.29 154.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 285.25 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.99 154.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 321.16 154.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 358.23 154.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 382.40 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.47 154.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 424.08 154.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 461.14 154.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 493.09 154.10 Td (In ) Tj ET Q q 0 0 0 rg BT 501.27 154.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 529.00 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 536.74 154.10 Td (carriage ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 144.50 Td (fees, ) Tj ET Q q 0 0 0 rg BT 66.93 144.50 Td (we ) Tj ET Q q 0 0 0 rg BT 78.81 144.50 Td (are ) Tj ET Q q 0 0 0 rg BT 91.13 144.50 Td (also ) Tj ET Q q 0 0 0 rg BT 106.57 144.50 Td (working ) Tj ET Q q 0 0 0 rg BT 135.78 144.50 Td (to ) Tj ET Q q 0 0 0 rg BT 144.56 144.50 Td (build-out ) Tj ET Q q 0 0 0 rg BT 176.44 144.50 Td (our ) Tj ET Q q 0 0 0 rg BT 189.66 144.50 Td (of) Tj ET Q q 0 0 0 rg BT 196.18 144.50 Td (ferings ) Tj ET Q q 0 0 0 rg BT 220.94 144.50 Td (of ) Tj ET Q q 0 0 0 rg BT 230.16 144.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 268.26 144.50 Td (video-on-demand ) Tj ET Q q 0 0 0 rg BT 327.23 144.50 Td (products ) Tj ET Q q 0 0 0 rg BT 357.34 144.50 Td (and ) Tj ET Q q 0 0 0 rg BT 371.44 144.50 Td (other ) Tj ET Q q 0 0 0 rg BT 390.43 144.50 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 435.20 144.50 Td (for ) Tj ET Q q 0 0 0 rg BT 447.08 144.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 485.18 144.50 Td (online. ) Tj ET Q q 0 0 0 rg BT 509.54 144.50 Td (There ) Tj ET Q q 0 0 0 rg BT 530.75 144.50 Td (can ) Tj ET Q q 0 0 0 rg BT 544.40 144.50 Td (be ) Tj ET Q q 0 0 0 rg BT 554.50 144.50 Td (no ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 134.90 Td (assurances ) Tj ET Q q 0 0 0 rg BT 85.43 134.90 Td (that ) Tj ET Q q 0 0 0 rg BT 99.14 134.90 Td (our ) Tj ET Q q 0 0 0 rg BT 111.52 134.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 138.56 134.90 Td (diversification ) Tj ET Q q 0 0 0 rg BT 186.48 134.90 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 219.75 134.90 Td (will ) Tj ET Q q 0 0 0 rg BT 233.92 134.90 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 268.07 134.90 Td (be ) Tj ET Q q 0 0 0 rg BT 277.34 134.90 Td (successful, ) Tj ET Q q 0 0 0 rg BT 313.94 134.90 Td (and ) Tj ET Q q 0 0 0 rg BT 327.21 134.90 Td (if ) Tj ET Q q 0 0 0 rg BT 333.82 134.90 Td (unsuccessful, ) Tj ET Q q 0 0 0 rg BT 378.41 134.90 Td (this ) Tj ET Q q 0 0 0 rg BT 391.69 134.90 Td (may ) Tj ET Q q 0 0 0 rg BT 407.18 134.90 Td (have ) Tj ET Q q 0 0 0 rg BT 424.00 134.90 Td (an ) Tj ET Q q 0 0 0 rg BT 433.27 134.90 Td (adverse ) Tj ET Q q 0 0 0 rg BT 459.42 134.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 482.91 134.90 Td (on ) Tj ET Q q 0 0 0 rg BT 492.63 134.90 Td (our ) Tj ET Q q 0 0 0 rg BT 505.01 134.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 534.71 134.90 Td (position, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 125.30 Td (results ) Tj ET Q q 0 0 0 rg BT 72.39 125.30 Td (of ) Tj ET Q q 0 0 0 rg BT 81.05 125.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 116.38 125.30 Td (and ) Tj ET Q q 0 0 0 rg BT 129.93 125.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 146.14 125.30 Td (flows.) Tj ET Q endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (A) Tj ET Q q 0 0 0 rg BT 54.39 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 56.39 723.60 Td (downgrading ) Tj ET Q q 0 0 0 rg BT 101.96 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 110.63 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 124.19 723.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 157.74 723.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 178.40 723.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 203.52 723.60 Td (may ) Tj ET Q q 0 0 0 rg BT 219.30 723.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 251.95 723.60 Td (af) Tj ET Q q 0 0 0 rg BT 258.47 723.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 272.46 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 286.02 723.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 308.46 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 316.68 723.60 Td (raise ) Tj ET Q q 0 0 0 rg BT 334.68 723.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 370.02 723.60 Td (financing.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (Moody) Tj ET Q q 0 0 0 rg BT 74.84 708.00 Td (s ) Tj ET Q q 0 0 0 rg BT 79.74 708.00 Td (Investors ) Tj ET Q q 0 0 0 rg BT 110.86 708.00 Td (Service ) Tj ET Q q 0 0 0 rg BT 136.64 708.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 153.53 708.00 Td (our ) Tj ET Q q 0 0 0 rg BT 165.98 708.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 197.97 708.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 217.98 708.00 Td (as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 226.43 708.00 Td (B1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.77 708.00 Td ( ) Tj ET Q q 0 0 0 rg BT 237.56 708.00 Td (with ) Tj ET Q q 0 0 0 rg BT 253.57 708.00 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.91 708.00 Td (positive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.24 708.00 Td ( ) Tj ET Q q 0 0 0 rg BT 286.03 708.00 Td (outlook. ) Tj ET Q q 0 0 0 rg BT 314.27 708.00 Td (Standard ) Tj ET Q q 0 0 0 rg BT 344.49 708.00 Td (& ) Tj ET Q q 0 0 0 rg BT 352.51 708.00 Td (Poor) Tj ET Q q 0 0 0 rg BT 367.92 708.00 Td () Tj ET Q q 0 0 0 rg BT 370.14 708.00 Td (s ) Tj ET Q q 0 0 0 rg BT 375.04 708.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 391.93 708.00 Td (our ) Tj ET Q q 0 0 0 rg BT 404.39 708.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 436.38 708.00 Td (credit ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.38 708.00 Td (B+) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.23 708.00 Td ( ) Tj ET Q q 0 0 0 rg BT 468.02 708.00 Td (\(with ) Tj ET Q q 0 0 0 rg BT 486.70 708.00 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.04 708.00 Td (positive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.37 708.00 Td ( ) Tj ET Q q 0 0 0 rg BT 519.16 708.00 Td (outlook\). ) Tj ET Q q 0 0 0 rg BT 550.06 708.00 Td (Our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.40 Td (ratings ) Tj ET Q q 0 0 0 rg BT 73.49 698.40 Td (show ) Tj ET Q q 0 0 0 rg BT 92.60 698.40 Td (each ) Tj ET Q q 0 0 0 rg BT 109.47 698.40 Td (agency's ) Tj ET Q q 0 0 0 rg BT 138.89 698.40 Td (opinion ) Tj ET Q q 0 0 0 rg BT 165.55 698.40 Td (of ) Tj ET Q q 0 0 0 rg BT 174.43 698.40 Td (our ) Tj ET Q q 0 0 0 rg BT 187.31 698.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 217.52 698.40 Td (strength, ) Tj ET Q q 0 0 0 rg BT 247.51 698.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 279.93 698.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 322.57 698.40 Td (and ) Tj ET Q q 0 0 0 rg BT 336.34 698.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 358.99 698.40 Td (to ) Tj ET Q q 0 0 0 rg BT 367.43 698.40 Td (meet ) Tj ET Q q 0 0 0 rg BT 385.20 698.40 Td (our ) Tj ET Q q 0 0 0 rg BT 398.08 698.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 414.07 698.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 451.84 698.40 Td (as ) Tj ET Q q 0 0 0 rg BT 460.72 698.40 Td (they ) Tj ET Q q 0 0 0 rg BT 476.71 698.40 Td (become ) Tj ET Q q 0 0 0 rg BT 503.80 698.40 Td (due. ) Tj ET Q q 0 0 0 rg BT 519.41 698.40 Td (These ) Tj ET Q q 0 0 0 rg BT 540.73 698.40 Td (ratings ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 688.80 Td (take ) Tj ET Q q 0 0 0 rg BT 64.33 688.80 Td (into ) Tj ET Q q 0 0 0 rg BT 78.28 688.80 Td (account ) Tj ET Q q 0 0 0 rg BT 104.66 688.80 Td (the ) Tj ET Q q 0 0 0 rg BT 115.94 688.80 Td (particular ) Tj ET Q q 0 0 0 rg BT 148.10 688.80 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 179.38 688.80 Td (the ) Tj ET Q q 0 0 0 rg BT 190.65 688.80 Td (ratings ) Tj ET Q q 0 0 0 rg BT 213.93 688.80 Td (agencies ) Tj ET Q q 0 0 0 rg BT 242.98 688.80 Td (place ) Tj ET Q q 0 0 0 rg BT 261.36 688.80 Td (on ) Tj ET Q q 0 0 0 rg BT 270.87 688.80 Td (metrics ) Tj ET Q q 0 0 0 rg BT 295.92 688.80 Td (such ) Tj ET Q q 0 0 0 rg BT 312.09 688.80 Td (as ) Tj ET Q q 0 0 0 rg BT 320.26 688.80 Td (leverage ) Tj ET Q q 0 0 0 rg BT 348.85 688.80 Td (ratio ) Tj ET Q q 0 0 0 rg BT 365.02 688.80 Td (and ) Tj ET Q q 0 0 0 rg BT 378.08 688.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 393.80 688.80 Td (flow) Tj ET Q q 0 0 0 rg BT 407.94 688.80 Td (, ) Tj ET Q q 0 0 0 rg BT 411.45 688.80 Td (which ) Tj ET Q q 0 0 0 rg BT 432.50 688.80 Td (they ) Tj ET Q q 0 0 0 rg BT 447.78 688.80 Td (use ) Tj ET Q q 0 0 0 rg BT 459.95 688.80 Td (as ) Tj ET Q q 0 0 0 rg BT 468.12 688.80 Td (measurements ) Tj ET Q q 0 0 0 rg BT 515.39 688.80 Td (of ) Tj ET Q q 0 0 0 rg BT 523.56 688.80 Td (a ) Tj ET Q q 0 0 0 rg BT 528.62 688.80 Td (company's ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 679.20 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 78.43 679.20 Td (and ) Tj ET Q q 0 0 0 rg BT 91.79 679.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 121.59 679.20 Td (strength.) Tj ET Q q 0 0 0 rg BT 151.22 679.20 Td (They ) Tj ET Q q 0 0 0 rg BT 169.47 679.20 Td (also ) Tj ET Q q 0 0 0 rg BT 184.17 679.20 Td (reflect ) Tj ET Q q 0 0 0 rg BT 206.41 679.20 Td (an ) Tj ET Q q 0 0 0 rg BT 215.78 679.20 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 247.37 679.20 Td (placed ) Tj ET Q q 0 0 0 rg BT 270.06 679.20 Td (by ) Tj ET Q q 0 0 0 rg BT 279.87 679.20 Td (the ) Tj ET Q q 0 0 0 rg BT 291.46 679.20 Td (ratings ) Tj ET Q q 0 0 0 rg BT 315.05 679.20 Td (agencies ) Tj ET Q q 0 0 0 rg BT 344.40 679.20 Td (on ) Tj ET Q q 0 0 0 rg BT 354.21 679.20 Td (a ) Tj ET Q q 0 0 0 rg BT 359.58 679.20 Td (track ) Tj ET Q q 0 0 0 rg BT 377.38 679.20 Td (record ) Tj ET Q q 0 0 0 rg BT 399.63 679.20 Td (of ) Tj ET Q q 0 0 0 rg BT 408.11 679.20 Td (strong ) Tj ET Q q 0 0 0 rg BT 429.92 679.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 459.72 679.20 Td (support ) Tj ET Q q 0 0 0 rg BT 485.53 679.20 Td (from ) Tj ET Q q 0 0 0 rg BT 502.77 679.20 Td (W) Tj ET Q q 0 0 0 rg BT 509.68 679.20 Td (arner ) Tj ET Q q 0 0 0 rg BT 527.92 679.20 Td (Media. ) Tj ET Q q 0 0 0 rg BT 552.04 679.20 Td (W) Tj ET Q q 0 0 0 rg BT 558.95 679.20 Td (e ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 669.60 Td (may ) Tj ET Q q 0 0 0 rg BT 64.44 669.60 Td (be ) Tj ET Q q 0 0 0 rg BT 73.16 669.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 96.99 669.60 Td (to ) Tj ET Q q 0 0 0 rg BT 104.39 669.60 Td (downgrades ) Tj ET Q q 0 0 0 rg BT 144.21 669.60 Td (if ) Tj ET Q q 0 0 0 rg BT 150.27 669.60 Td (our ) Tj ET Q q 0 0 0 rg BT 162.10 669.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 193.48 669.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 235.07 669.60 Td (deteriorates ) Tj ET Q q 0 0 0 rg BT 273.55 669.60 Td (or ) Tj ET Q q 0 0 0 rg BT 281.39 669.60 Td (we ) Tj ET Q q 0 0 0 rg BT 291.89 669.60 Td (fail ) Tj ET Q q 0 0 0 rg BT 303.72 669.60 Td (to ) Tj ET Q q 0 0 0 rg BT 311.11 669.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 340.27 669.60 Td (adequate ) Tj ET Q q 0 0 0 rg BT 369.87 669.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 389.70 669.60 Td (of ) Tj ET Q q 0 0 0 rg BT 397.53 669.60 Td (liquidity) Tj ET Q q 0 0 0 rg BT 424.13 669.60 Td (. ) Tj ET Q q 0 0 0 rg BT 427.29 669.60 Td (In ) Tj ET Q q 0 0 0 rg BT 435.13 669.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 464.52 669.60 Td (our ) Tj ET Q q 0 0 0 rg BT 476.35 669.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 499.29 669.60 Td (may ) Tj ET Q q 0 0 0 rg BT 514.24 669.60 Td (be ) Tj ET Q q 0 0 0 rg BT 522.96 669.60 Td (downgraded ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 660.00 Td (if ) Tj ET Q q 0 0 0 rg BT 56.26 660.00 Td (the ) Tj ET Q q 0 0 0 rg BT 67.91 660.00 Td (agencies ) Tj ET Q q 0 0 0 rg BT 97.32 660.00 Td (form ) Tj ET Q q 0 0 0 rg BT 114.75 660.00 Td (aview ) Tj ET Q q 0 0 0 rg BT 137.73 660.00 Td (that ) Tj ET Q q 0 0 0 rg BT 151.60 660.00 Td (material ) Tj ET Q q 0 0 0 rg BT 179.68 660.00 Td (support ) Tj ET Q q 0 0 0 rg BT 205.55 660.00 Td (from ) Tj ET Q q 0 0 0 rg BT 222.85 660.00 Td (W) Tj ET Q q 0 0 0 rg BT 229.76 660.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 248.06 660.00 Td (Media ) Tj ET Q q 0 0 0 rg BT 270.37 660.00 Td (is ) Tj ET Q q 0 0 0 rg BT 277.58 660.00 Td (not ) Tj ET Q q 0 0 0 rg BT 289.68 660.00 Td (as ) Tj ET Q q 0 0 0 rg BT 298.22 660.00 Td (strong, ) Tj ET Q q 0 0 0 rg BT 322.10 660.00 Td (or ) Tj ET Q q 0 0 0 rg BT 330.63 660.00 Td (the ) Tj ET Q q 0 0 0 rg BT 342.28 660.00 Td (strategic ) Tj ET Q q 0 0 0 rg BT 371.26 660.00 Td (importance ) Tj ET Q q 0 0 0 rg BT 409.11 660.00 Td (of ) Tj ET Q q 0 0 0 rg BT 417.65 660.00 Td (CME ) Tj ET Q q 0 0 0 rg BT 436.86 660.00 Td (to ) Tj ET Q q 0 0 0 rg BT 444.83 660.00 Td (W) Tj ET Q q 0 0 0 rg BT 451.74 660.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 470.04 660.00 Td (Media ) Tj ET Q q 0 0 0 rg BT 492.35 660.00 Td (is ) Tj ET Q q 0 0 0 rg BT 499.57 660.00 Td (not ) Tj ET Q q 0 0 0 rg BT 511.66 660.00 Td (as ) Tj ET Q q 0 0 0 rg BT 520.20 660.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 555.85 660.00 Td (as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 650.40 Td (it ) Tj ET Q q 0 0 0 rg BT 56.07 650.40 Td (has ) Tj ET Q q 0 0 0 rg BT 68.86 650.40 Td (been ) Tj ET Q q 0 0 0 rg BT 86.09 650.40 Td (in ) Tj ET Q q 0 0 0 rg BT 94.43 650.40 Td (the ) Tj ET Q q 0 0 0 rg BT 106.33 650.40 Td (past. ) Tj ET Q q 0 0 0 rg BT 123.34 650.40 Td (In ) Tj ET Q q 0 0 0 rg BT 132.13 650.40 Td (the ) Tj ET Q q 0 0 0 rg BT 144.03 650.40 Td (event ) Tj ET Q q 0 0 0 rg BT 163.48 650.40 Td (our ) Tj ET Q q 0 0 0 rg BT 176.27 650.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 208.60 650.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 228.93 650.40 Td (ratings ) Tj ET Q q 0 0 0 rg BT 252.83 650.40 Td (are ) Tj ET Q q 0 0 0 rg BT 264.72 650.40 Td (lowered ) Tj ET Q q 0 0 0 rg BT 292.61 650.40 Td (by ) Tj ET Q q 0 0 0 rg BT 302.74 650.40 Td (the ) Tj ET Q q 0 0 0 rg BT 314.64 650.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 335.42 650.40 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 367.09 650.40 Td (we ) Tj ET Q q 0 0 0 rg BT 378.54 650.40 Td (may ) Tj ET Q q 0 0 0 rg BT 394.44 650.40 Td (not ) Tj ET Q q 0 0 0 rg BT 406.79 650.40 Td (be ) Tj ET Q q 0 0 0 rg BT 416.46 650.40 Td (able ) Tj ET Q q 0 0 0 rg BT 431.91 650.40 Td (to ) Tj ET Q q 0 0 0 rg BT 440.26 650.40 Td (refinance ) Tj ET Q q 0 0 0 rg BT 472.14 650.40 Td (our ) Tj ET Q q 0 0 0 rg BT 484.93 650.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 512.38 650.40 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 555.83 650.40 Td (or ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 640.80 Td (raise ) Tj ET Q q 0 0 0 rg BT 66.83 640.80 Td (new ) Tj ET Q q 0 0 0 rg BT 82.38 640.80 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 125.93 640.80 Td (that ) Tj ET Q q 0 0 0 rg BT 140.15 640.80 Td (may ) Tj ET Q q 0 0 0 rg BT 156.15 640.80 Td (be ) Tj ET Q q 0 0 0 rg BT 165.93 640.80 Td (permitted ) Tj ET Q q 0 0 0 rg BT 198.81 640.80 Td (under ) Tj ET Q q 0 0 0 rg BT 219.25 640.80 Td (the ) Tj ET Q q 0 0 0 rg BT 231.25 640.80 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 283.64 640.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 321.40 640.80 Td (and ) Tj ET Q q 0 0 0 rg BT 335.18 640.80 Td (the ) Tj ET Q q 0 0 0 rg BT 347.18 640.80 Td (2023 ) Tj ET Q q 0 0 0 rg BT 365.41 640.80 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 400.96 640.80 Td (Credit ) Tj ET Q q 0 0 0 rg BT 423.18 640.80 Td (Facility ) Tj ET Q q 0 0 0 rg BT 449.85 640.80 Td (\(when ) Tj ET Q q 0 0 0 rg BT 472.07 640.80 Td (drawn\), ) Tj ET Q q 0 0 0 rg BT 498.95 640.80 Td (and ) Tj ET Q q 0 0 0 rg BT 512.73 640.80 Td (we ) Tj ET Q q 0 0 0 rg BT 524.28 640.80 Td (will ) Tj ET Q q 0 0 0 rg BT 538.95 640.80 Td (have ) Tj ET Q q 0 0 0 rg BT 556.28 640.80 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 631.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 63.05 631.20 Td (higher ) Tj ET Q q 0 0 0 rg BT 85.49 631.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 111.04 631.20 Td (rates, ) Tj ET Q q 0 0 0 rg BT 130.14 631.20 Td (all ) Tj ET Q q 0 0 0 rg BT 140.13 631.20 Td (of ) Tj ET Q q 0 0 0 rg BT 148.80 631.20 Td (which ) Tj ET Q q 0 0 0 rg BT 170.35 631.20 Td (would ) Tj ET Q q 0 0 0 rg BT 192.35 631.20 Td (have ) Tj ET Q q 0 0 0 rg BT 209.45 631.20 Td (an ) Tj ET Q q 0 0 0 rg BT 219.00 631.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 245.43 631.20 Td (ef) Tj ET Q q 0 0 0 rg BT 251.50 631.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 265.49 631.20 Td (on ) Tj ET Q q 0 0 0 rg BT 275.49 631.20 Td (our ) Tj ET Q q 0 0 0 rg BT 288.15 631.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 318.14 631.20 Td (position, ) Tj ET Q q 0 0 0 rg BT 347.92 631.20 Td (results ) Tj ET Q q 0 0 0 rg BT 370.80 631.20 Td (of ) Tj ET Q q 0 0 0 rg BT 379.47 631.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 414.79 631.20 Td (and ) Tj ET Q q 0 0 0 rg BT 428.34 631.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 444.56 631.20 Td (flows.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 615.60 Td (If ) Tj ET Q q 0 0 0 rg BT 57.28 615.60 Td (our ) Tj ET Q q 0 0 0 rg BT 70.84 615.60 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 102.84 615.60 Td (other ) Tj ET Q q 0 0 0 rg BT 122.18 615.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 157.52 615.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 178.63 615.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.08 615.60 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 227.96 615.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 249.08 615.60 Td (become ) Tj ET Q q 0 0 0 rg BT 275.95 615.60 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 309.29 615.60 Td (we ) Tj ET Q q 0 0 0 rg BT 320.17 615.60 Td (may ) Tj ET Q q 0 0 0 rg BT 335.95 615.60 Td (be ) Tj ET Q q 0 0 0 rg BT 345.50 615.60 Td (required ) Tj ET Q q 0 0 0 rg BT 375.50 615.60 Td (to ) Tj ET Q q 0 0 0 rg BT 383.72 615.60 Td (record ) Tj ET Q q 0 0 0 rg BT 407.05 615.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 444.16 615.60 Td (charges ) Tj ET Q q 0 0 0 rg BT 471.94 615.60 Td (to ) Tj ET Q q 0 0 0 rg BT 480.16 615.60 Td (earnings.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 600.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 600.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.34 600.00 Td (review ) Tj ET Q q 0 0 0 rg BT 86.48 600.00 Td (our ) Tj ET Q q 0 0 0 rg BT 99.52 600.00 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 134.78 600.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 155.82 600.00 Td (for ) Tj ET Q q 0 0 0 rg BT 167.52 600.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 206.78 600.00 Td (when ) Tj ET Q q 0 0 0 rg BT 226.48 600.00 Td (events ) Tj ET Q q 0 0 0 rg BT 249.29 600.00 Td (or ) Tj ET Q q 0 0 0 rg BT 258.33 600.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 286.48 600.00 Td (in ) Tj ET Q q 0 0 0 rg BT 295.07 600.00 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 342.76 600.00 Td (indicate ) Tj ET Q q 0 0 0 rg BT 370.46 600.00 Td (the ) Tj ET Q q 0 0 0 rg BT 382.61 600.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 411.64 600.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 438.01 600.00 Td (may ) Tj ET Q q 0 0 0 rg BT 454.16 600.00 Td (not ) Tj ET Q q 0 0 0 rg BT 466.76 600.00 Td (be ) Tj ET Q q 0 0 0 rg BT 476.68 600.00 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 518.36 600.00 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 550.96 600.00 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 590.40 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 100.58 590.40 Td (intangible ) Tj ET Q q 0 0 0 rg BT 134.34 590.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 154.77 590.40 Td (are ) Tj ET Q q 0 0 0 rg BT 166.30 590.40 Td (required ) Tj ET Q q 0 0 0 rg BT 194.71 590.40 Td (to ) Tj ET Q q 0 0 0 rg BT 202.70 590.40 Td (be ) Tj ET Q q 0 0 0 rg BT 212.02 590.40 Td (assessed ) Tj ET Q q 0 0 0 rg BT 240.89 590.40 Td (for ) Tj ET Q q 0 0 0 rg BT 251.98 590.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 290.62 590.40 Td (at ) Tj ET Q q 0 0 0 rg BT 298.16 590.40 Td (least ) Tj ET Q q 0 0 0 rg BT 314.59 590.40 Td (annually) Tj ET Q q 0 0 0 rg BT 341.61 590.40 Td (. ) Tj ET Q q 0 0 0 rg BT 345.38 590.40 Td (Factors ) Tj ET Q q 0 0 0 rg BT 370.69 590.40 Td (that ) Tj ET Q q 0 0 0 rg BT 384.45 590.40 Td (may ) Tj ET Q q 0 0 0 rg BT 399.99 590.40 Td (be ) Tj ET Q q 0 0 0 rg BT 409.31 590.40 Td (considered ) Tj ET Q q 0 0 0 rg BT 445.72 590.40 Td (a ) Tj ET Q q 0 0 0 rg BT 451.04 590.40 Td (change ) Tj ET Q q 0 0 0 rg BT 475.46 590.40 Td (in ) Tj ET Q q 0 0 0 rg BT 483.44 590.40 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 530.52 590.40 Td (indicating ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 580.80 Td (that ) Tj ET Q q 0 0 0 rg BT 63.19 580.80 Td (the ) Tj ET Q q 0 0 0 rg BT 74.65 580.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 103.00 580.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 128.69 580.80 Td (of ) Tj ET Q q 0 0 0 rg BT 137.04 580.80 Td (our ) Tj ET Q q 0 0 0 rg BT 149.40 580.80 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 181.54 580.80 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 232.55 580.80 Td (intangible ) Tj ET Q q 0 0 0 rg BT 266.23 580.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 286.59 580.80 Td (or ) Tj ET Q q 0 0 0 rg BT 294.94 580.80 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 329.52 580.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.88 580.80 Td (may ) Tj ET Q q 0 0 0 rg BT 365.34 580.80 Td (not ) Tj ET Q q 0 0 0 rg BT 377.26 580.80 Td (be ) Tj ET Q q 0 0 0 rg BT 386.50 580.80 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 425.50 580.80 Td (include ) Tj ET Q q 0 0 0 rg BT 450.74 580.80 Td (slower ) Tj ET Q q 0 0 0 rg BT 473.76 580.80 Td (growth ) Tj ET Q q 0 0 0 rg BT 498.11 580.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 514.91 580.80 Td (in ) Tj ET Q q 0 0 0 rg BT 522.82 580.80 Td (our ) Tj ET Q q 0 0 0 rg BT 535.18 580.80 Td (markets, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 571.20 Td (reduced ) Tj ET Q q 0 0 0 rg BT 76.79 571.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 107.19 571.20 Td (future ) Tj ET Q q 0 0 0 rg BT 128.26 571.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 144.45 571.20 Td (flows, ) Tj ET Q q 0 0 0 rg BT 166.19 571.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 198.37 571.20 Td (country ) Tj ET Q q 0 0 0 rg BT 224.78 571.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 238.75 571.20 Td (premium ) Tj ET Q q 0 0 0 rg BT 269.60 571.20 Td (as ) Tj ET Q q 0 0 0 rg BT 278.24 571.20 Td (a ) Tj ET Q q 0 0 0 rg BT 283.76 571.20 Td (result ) Tj ET Q q 0 0 0 rg BT 303.51 571.20 Td (of ) Tj ET Q q 0 0 0 rg BT 312.14 571.20 Td (political ) Tj ET Q q 0 0 0 rg BT 340.33 571.20 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 378.29 571.20 Td (and ) Tj ET Q q 0 0 0 rg BT 391.81 571.20 Td (a ) Tj ET Q q 0 0 0 rg BT 397.33 571.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 422.40 571.20 Td (in ) Tj ET Q q 0 0 0 rg BT 430.59 571.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 449.45 571.20 Td (price ) Tj ET Q q 0 0 0 rg BT 467.41 571.20 Td (and ) Tj ET Q q 0 0 0 rg BT 480.94 571.20 Td (market ) Tj ET Q q 0 0 0 rg BT 505.12 571.20 Td (capitalization. ) Tj ET Q q 0 0 0 rg BT 552.04 571.20 Td (W) Tj ET Q q 0 0 0 rg BT 558.95 571.20 Td (e ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 561.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 78.78 561.60 Td (available ) Tj ET Q q 0 0 0 rg BT 109.83 561.60 Td (current ) Tj ET Q q 0 0 0 rg BT 134.67 561.60 Td (information ) Tj ET Q q 0 0 0 rg BT 174.62 561.60 Td (when ) Tj ET Q q 0 0 0 rg BT 194.13 561.60 Td (calculating ) Tj ET Q q 0 0 0 rg BT 231.40 561.60 Td (our ) Tj ET Q q 0 0 0 rg BT 244.25 561.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 283.30 561.60 Td (char) Tj ET Q q 0 0 0 rg BT 296.93 561.60 Td (ge. ) Tj ET Q q 0 0 0 rg BT 308.66 561.60 Td (If ) Tj ET Q q 0 0 0 rg BT 316.17 561.60 Td (there ) Tj ET Q q 0 0 0 rg BT 334.33 561.60 Td (are ) Tj ET Q q 0 0 0 rg BT 346.28 561.60 Td (indicators ) Tj ET Q q 0 0 0 rg BT 380.01 561.60 Td (of ) Tj ET Q q 0 0 0 rg BT 388.85 561.60 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 429.91 561.60 Td (our ) Tj ET Q q 0 0 0 rg BT 442.76 561.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 476.49 561.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 492.88 561.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 509.73 561.60 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 540.34 561.60 Td (for ) Tj ET Q q 0 0 0 rg BT 551.84 561.60 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 552.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 85.35 552.00 Td (deteriorate ) Tj ET Q q 0 0 0 rg BT 122.08 552.00 Td (or ) Tj ET Q q 0 0 0 rg BT 131.27 552.00 Td (discount ) Tj ET Q q 0 0 0 rg BT 160.91 552.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 178.54 552.00 Td (increase, ) Tj ET Q q 0 0 0 rg BT 209.27 552.00 Td (we ) Tj ET Q q 0 0 0 rg BT 221.13 552.00 Td (may ) Tj ET Q q 0 0 0 rg BT 237.43 552.00 Td (be ) Tj ET Q q 0 0 0 rg BT 247.51 552.00 Td (required ) Tj ET Q q 0 0 0 rg BT 276.69 552.00 Td (to ) Tj ET Q q 0 0 0 rg BT 285.44 552.00 Td (recognize ) Tj ET Q q 0 0 0 rg BT 319.06 552.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 353.58 552.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 392.99 552.00 Td (char) Tj ET Q q 0 0 0 rg BT 406.61 552.00 Td (ges ) Tj ET Q q 0 0 0 rg BT 419.80 552.00 Td (in ) Tj ET Q q 0 0 0 rg BT 428.55 552.00 Td (later ) Tj ET Q q 0 0 0 rg BT 445.29 552.00 Td (periods. ) Tj ET Q q 0 0 0 rg BT 473.37 552.00 Td (See ) Tj ET Q q 0 0 0 rg BT 487.45 552.00 Td (Part ) Tj ET Q q 0 0 0 rg BT 502.86 552.00 Td (II, ) Tj ET Q q 0 0 0 rg BT 512.72 552.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 529.91 552.00 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.44 552.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 556.52 552.00 Td (4, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 542.40 Td ("Goodwill ) Tj ET Q q 0 0 0 rg BT 84.99 542.40 Td (and ) Tj ET Q q 0 0 0 rg BT 98.54 542.40 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 132.53 542.40 Td (Assets") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 156.69 542.40 Td ( ) Tj ET Q q 0 0 0 rg BT 158.69 542.40 Td (for ) Tj ET Q q 0 0 0 rg BT 170.02 542.40 Td (the ) Tj ET Q q 0 0 0 rg BT 181.79 542.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 210.44 542.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 239.55 542.40 Td (of ) Tj ET Q q 0 0 0 rg BT 248.21 542.40 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 278.66 542.40 Td (in ) Tj ET Q q 0 0 0 rg BT 286.88 542.40 Td (each ) Tj ET Q q 0 0 0 rg BT 303.54 542.40 Td (of ) Tj ET Q q 0 0 0 rg BT 312.20 542.40 Td (our ) Tj ET Q q 0 0 0 rg BT 324.86 542.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 356.19 542.40 Td (units.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 520.80 Td (Risks ) Tj ET Q q 0 0 0 rg BT 70.18 520.80 Td (Relating ) Tj ET Q q 0 0 0 rg BT 101.06 520.80 Td (to ) Tj ET Q q 0 0 0 rg BT 109.73 520.80 Td (Our) Tj ET Q q 0 0 0 rg BT 123.80 520.80 Td ( ) Tj ET Q q 0 0 0 rg BT 125.80 520.80 Td (Operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 500.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.84 500.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 101.51 500.90 Td (are ) Tj ET Q q 0 0 0 rg BT 114.18 500.90 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 151.29 500.90 Td (to ) Tj ET Q q 0 0 0 rg BT 159.51 500.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 196.63 500.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 225.74 500.90 Td (in ) Tj ET Q q 0 0 0 rg BT 234.41 500.90 Td (viewing ) Tj ET Q q 0 0 0 rg BT 261.74 500.90 Td (habits ) Tj ET Q q 0 0 0 rg BT 283.75 500.90 Td (and ) Tj ET Q q 0 0 0 rg BT 298.20 500.90 Td (technology ) Tj ET Q q 0 0 0 rg BT 336.20 500.90 Td (that ) Tj ET Q q 0 0 0 rg BT 351.09 500.90 Td (could ) Tj ET Q q 0 0 0 rg BT 371.31 500.90 Td (adversely ) Tj ET Q q 0 0 0 rg BT 403.96 500.90 Td (af) Tj ET Q q 0 0 0 rg BT 410.48 500.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 424.47 500.90 Td (us.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 485.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.09 485.30 Td (television ) Tj ET Q q 0 0 0 rg BT 97.36 485.30 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 140.39 485.30 Td (industry ) Tj ET Q q 0 0 0 rg BT 168.77 485.30 Td (is ) Tj ET Q q 0 0 0 rg BT 176.26 485.30 Td (af) Tj ET Q q 0 0 0 rg BT 182.33 485.30 Td (fected ) Tj ET Q q 0 0 0 rg BT 204.02 485.30 Td (by ) Tj ET Q q 0 0 0 rg BT 214.18 485.30 Td (rapid ) Tj ET Q q 0 0 0 rg BT 232.77 485.30 Td (innovations ) Tj ET Q q 0 0 0 rg BT 272.26 485.30 Td (in ) Tj ET Q q 0 0 0 rg BT 280.64 485.30 Td (technology) Tj ET Q q 0 0 0 rg BT 315.67 485.30 Td (. ) Tj ET Q q 0 0 0 rg BT 319.67 485.30 Td (The ) Tj ET Q q 0 0 0 rg BT 334.26 485.30 Td (implementation ) Tj ET Q q 0 0 0 rg BT 386.63 485.30 Td (of ) Tj ET Q q 0 0 0 rg BT 395.45 485.30 Td (these ) Tj ET Q q 0 0 0 rg BT 414.04 485.30 Td (new ) Tj ET Q q 0 0 0 rg BT 429.53 485.30 Td (technologies ) Tj ET Q q 0 0 0 rg BT 472.12 485.30 Td (and ) Tj ET Q q 0 0 0 rg BT 485.82 485.30 Td (the ) Tj ET Q q 0 0 0 rg BT 497.75 485.30 Td (introduction ) Tj ET Q q 0 0 0 rg BT 539.02 485.30 Td (of ) Tj ET Q q 0 0 0 rg BT 547.84 485.30 Td (non-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 475.70 Td (traditional ) Tj ET Q q 0 0 0 rg BT 84.13 475.70 Td (content ) Tj ET Q q 0 0 0 rg BT 109.44 475.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 148.08 475.70 Td (systems ) Tj ET Q q 0 0 0 rg BT 175.17 475.70 Td (have ) Tj ET Q q 0 0 0 rg BT 192.03 475.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 223.99 475.70 Td (competition ) Tj ET Q q 0 0 0 rg BT 263.96 475.70 Td (for ) Tj ET Q q 0 0 0 rg BT 275.04 475.70 Td (audiences ) Tj ET Q q 0 0 0 rg BT 308.33 475.70 Td (and ) Tj ET Q q 0 0 0 rg BT 321.64 475.70 Td (advertisers. ) Tj ET Q q 0 0 0 rg BT 360.05 475.70 Td (Platforms ) Tj ET Q q 0 0 0 rg BT 392.91 475.70 Td (such ) Tj ET Q q 0 0 0 rg BT 409.33 475.70 Td (as ) Tj ET Q q 0 0 0 rg BT 417.75 475.70 Td (direct-to-home ) Tj ET Q q 0 0 0 rg BT 467.04 475.70 Td (cable ) Tj ET Q q 0 0 0 rg BT 485.67 475.70 Td (and ) Tj ET Q q 0 0 0 rg BT 498.97 475.70 Td (satellite ) Tj ET Q q 0 0 0 rg BT 525.61 475.70 Td (distribution ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 78.88 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.70 466.10 Td (internet, ) Tj ET Q q 0 0 0 rg BT 119.18 466.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 160.34 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.93 466.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 211.53 466.10 Td (video-on-demand, ) Tj ET Q q 0 0 0 rg BT 272.00 466.10 Td (user) Tj ET Q q 0 0 0 rg BT 285.17 466.10 Td (-generated ) Tj ET Q q 0 0 0 rg BT 320.96 466.10 Td (content ) Tj ET Q q 0 0 0 rg BT 346.56 466.10 Td (sites ) Tj ET Q q 0 0 0 rg BT 362.83 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.42 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.24 466.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 426.28 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.99 466.10 Td (content ) Tj ET Q q 0 0 0 rg BT 460.58 466.10 Td (on ) Tj ET Q q 0 0 0 rg BT 470.63 466.10 Td (portable ) Tj ET Q q 0 0 0 rg BT 498.88 466.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 521.37 466.10 Td (devices ) Tj ET Q q 0 0 0 rg BT 547.40 466.10 Td (have ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 456.50 Td (changed ) Tj ET Q q 0 0 0 rg BT 77.51 456.50 Td (consumer ) Tj ET Q q 0 0 0 rg BT 109.97 456.50 Td (behavior ) Tj ET Q q 0 0 0 rg BT 139.31 456.50 Td (by ) Tj ET Q q 0 0 0 rg BT 148.67 456.50 Td (increasing ) Tj ET Q q 0 0 0 rg BT 182.90 456.50 Td (the ) Tj ET Q q 0 0 0 rg BT 194.04 456.50 Td (number ) Tj ET Q q 0 0 0 rg BT 219.83 456.50 Td (of ) Tj ET Q q 0 0 0 rg BT 227.85 456.50 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 273.19 456.50 Td (choices ) Tj ET Q q 0 0 0 rg BT 298.54 456.50 Td (available ) Tj ET Q q 0 0 0 rg BT 328.76 456.50 Td (to ) Tj ET Q q 0 0 0 rg BT 336.34 456.50 Td (audiences ) Tj ET Q q 0 0 0 rg BT 369.24 456.50 Td (and ) Tj ET Q q 0 0 0 rg BT 382.15 456.50 Td (the ) Tj ET Q q 0 0 0 rg BT 393.28 456.50 Td (methods ) Tj ET Q q 0 0 0 rg BT 421.75 456.50 Td (for ) Tj ET Q q 0 0 0 rg BT 432.43 456.50 Td (the ) Tj ET Q q 0 0 0 rg BT 443.56 456.50 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 483.81 456.50 Td (storage ) Tj ET Q q 0 0 0 rg BT 508.27 456.50 Td (and ) Tj ET Q q 0 0 0 rg BT 521.18 456.50 Td (consumption ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 446.90 Td (of ) Tj ET Q q 0 0 0 rg BT 58.18 446.90 Td (content. ) Tj ET Q q 0 0 0 rg BT 85.60 446.90 Td (This ) Tj ET Q q 0 0 0 rg BT 101.84 446.90 Td (development ) Tj ET Q q 0 0 0 rg BT 145.17 446.90 Td (has ) Tj ET Q q 0 0 0 rg BT 157.86 446.90 Td (fragmented ) Tj ET Q q 0 0 0 rg BT 196.30 446.90 Td (television ) Tj ET Q q 0 0 0 rg BT 229.42 446.90 Td (audiences ) Tj ET Q q 0 0 0 rg BT 262.98 446.90 Td (in ) Tj ET Q q 0 0 0 rg BT 271.21 446.90 Td (more ) Tj ET Q q 0 0 0 rg BT 289.67 446.90 Td (developed ) Tj ET Q q 0 0 0 rg BT 324.56 446.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 351.90 446.90 Td (and ) Tj ET Q q 0 0 0 rg BT 365.47 446.90 Td (could ) Tj ET Q q 0 0 0 rg BT 385.26 446.90 Td (adversely ) Tj ET Q q 0 0 0 rg BT 417.93 446.90 Td (af) Tj ET Q q 0 0 0 rg BT 424.00 446.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 438.00 446.90 Td (our ) Tj ET Q q 0 0 0 rg BT 450.68 446.90 Td (ability ) Tj ET Q q 0 0 0 rg BT 473.14 446.90 Td (to ) Tj ET Q q 0 0 0 rg BT 481.38 446.90 Td (retain ) Tj ET Q q 0 0 0 rg BT 501.61 446.90 Td (audience ) Tj ET Q q 0 0 0 rg BT 532.05 446.90 Td (share ) Tj ET Q q 0 0 0 rg BT 550.95 446.90 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 437.30 Td (attract ) Tj ET Q q 0 0 0 rg BT 71.47 437.30 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 108.10 437.30 Td (as ) Tj ET Q q 0 0 0 rg BT 116.75 437.30 Td (such ) Tj ET Q q 0 0 0 rg BT 133.40 437.30 Td (technologies ) Tj ET Q q 0 0 0 rg BT 175.82 437.30 Td (penetrate ) Tj ET Q q 0 0 0 rg BT 207.11 437.30 Td (our ) Tj ET Q q 0 0 0 rg BT 219.76 437.30 Td (markets. ) Tj ET Q q 0 0 0 rg BT 248.63 437.30 Td (As ) Tj ET Q q 0 0 0 rg BT 259.50 437.30 Td (we ) Tj ET Q q 0 0 0 rg BT 270.81 437.30 Td (adapt ) Tj ET Q q 0 0 0 rg BT 290.12 437.30 Td (to ) Tj ET Q q 0 0 0 rg BT 298.33 437.30 Td (changing ) Tj ET Q q 0 0 0 rg BT 329.64 437.30 Td (viewing ) Tj ET Q q 0 0 0 rg BT 357.39 437.30 Td (patterns, ) Tj ET Q q 0 0 0 rg BT 386.70 437.30 Td (it ) Tj ET Q q 0 0 0 rg BT 393.13 437.30 Td (may ) Tj ET Q q 0 0 0 rg BT 408.89 437.30 Td (be ) Tj ET Q q 0 0 0 rg BT 418.42 437.30 Td (necessary ) Tj ET Q q 0 0 0 rg BT 451.50 437.30 Td (to ) Tj ET Q q 0 0 0 rg BT 459.70 437.30 Td (expend ) Tj ET Q q 0 0 0 rg BT 484.79 437.30 Td (substantial ) Tj ET Q q 0 0 0 rg BT 520.99 437.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 550.96 437.30 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 427.70 Td (managerial ) Tj ET Q q 0 0 0 rg BT 87.29 427.70 Td (resources ) Tj ET Q q 0 0 0 rg BT 119.75 427.70 Td (to ) Tj ET Q q 0 0 0 rg BT 128.23 427.70 Td (ensure ) Tj ET Q q 0 0 0 rg BT 151.37 427.70 Td (necessary ) Tj ET Q q 0 0 0 rg BT 184.72 427.70 Td (access ) Tj ET Q q 0 0 0 rg BT 207.40 427.70 Td (to ) Tj ET Q q 0 0 0 rg BT 215.88 427.70 Td (new ) Tj ET Q q 0 0 0 rg BT 231.46 427.70 Td (technologies ) Tj ET Q q 0 0 0 rg BT 274.15 427.70 Td (or ) Tj ET Q q 0 0 0 rg BT 283.07 427.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 322.22 427.70 Td (systems. ) Tj ET Q q 0 0 0 rg BT 351.81 427.70 Td (Such ) Tj ET Q q 0 0 0 rg BT 370.07 427.70 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 403.88 427.70 Td (may ) Tj ET Q q 0 0 0 rg BT 419.90 427.70 Td (not ) Tj ET Q q 0 0 0 rg BT 432.38 427.70 Td (develop ) Tj ET Q q 0 0 0 rg BT 459.96 427.70 Td (into ) Tj ET Q q 0 0 0 rg BT 474.66 427.70 Td (profitable ) Tj ET Q q 0 0 0 rg BT 508.02 427.70 Td (business ) Tj ET Q q 0 0 0 rg BT 537.39 427.70 Td (models. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 93.91 418.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 136.76 418.10 Td (that ) Tj ET Q q 0 0 0 rg BT 151.18 418.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 174.48 418.10 Td (viewers ) Tj ET Q q 0 0 0 rg BT 201.78 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.42 418.10 Td (choose ) Tj ET Q q 0 0 0 rg BT 235.06 418.10 Td (when, ) Tj ET Q q 0 0 0 rg BT 256.80 418.10 Td (how) Tj ET Q q 0 0 0 rg BT 270.06 418.10 Td (, ) Tj ET Q q 0 0 0 rg BT 274.48 418.10 Td (where ) Tj ET Q q 0 0 0 rg BT 296.45 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.42 418.10 Td (what ) Tj ET Q q 0 0 0 rg BT 328.39 418.10 Td (content ) Tj ET Q q 0 0 0 rg BT 354.36 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.00 418.10 Td (watch, ) Tj ET Q q 0 0 0 rg BT 386.52 418.10 Td (as ) Tj ET Q q 0 0 0 rg BT 395.61 418.10 Td (well ) Tj ET Q q 0 0 0 rg BT 411.80 418.10 Td (as ) Tj ET Q q 0 0 0 rg BT 420.89 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.53 418.10 Td (fast-forward ) Tj ET Q q 0 0 0 rg BT 471.49 418.10 Td (or ) Tj ET Q q 0 0 0 rg BT 480.57 418.10 Td (skip ) Tj ET Q q 0 0 0 rg BT 496.33 418.10 Td (advertisements, ) Tj ET Q q 0 0 0 rg BT 548.74 418.10 Td (may ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 408.50 Td (cause ) Tj ET Q q 0 0 0 rg BT 69.25 408.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 96.99 408.50 Td (in ) Tj ET Q q 0 0 0 rg BT 105.20 408.50 Td (consumer ) Tj ET Q q 0 0 0 rg BT 138.28 408.50 Td (behavior ) Tj ET Q q 0 0 0 rg BT 168.25 408.50 Td (that ) Tj ET Q q 0 0 0 rg BT 182.23 408.50 Td (could ) Tj ET Q q 0 0 0 rg BT 201.98 408.50 Td (have ) Tj ET Q q 0 0 0 rg BT 219.07 408.50 Td (a ) Tj ET Q q 0 0 0 rg BT 224.60 408.50 Td (negative ) Tj ET Q q 0 0 0 rg BT 253.68 408.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 277.43 408.50 Td (on ) Tj ET Q q 0 0 0 rg BT 287.41 408.50 Td (our ) Tj ET Q q 0 0 0 rg BT 300.06 408.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 337.58 408.50 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 370.00 408.50 Td (In ) Tj ET Q q 0 0 0 rg BT 378.64 408.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 408.84 408.50 Td (compression ) Tj ET Q q 0 0 0 rg BT 451.26 408.50 Td (techniques ) Tj ET Q q 0 0 0 rg BT 487.45 408.50 Td (and ) Tj ET Q q 0 0 0 rg BT 500.98 408.50 Td (other ) Tj ET Q q 0 0 0 rg BT 519.40 408.50 Td (technological ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 398.90 Td (developments ) Tj ET Q q 0 0 0 rg BT 95.91 398.90 Td (allow ) Tj ET Q q 0 0 0 rg BT 115.66 398.90 Td (for ) Tj ET Q q 0 0 0 rg BT 126.97 398.90 Td (an ) Tj ET Q q 0 0 0 rg BT 136.50 398.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 164.68 398.90 Td (in ) Tj ET Q q 0 0 0 rg BT 172.88 398.90 Td (the ) Tj ET Q q 0 0 0 rg BT 184.63 398.90 Td (number ) Tj ET Q q 0 0 0 rg BT 211.05 398.90 Td (of ) Tj ET Q q 0 0 0 rg BT 219.69 398.90 Td (channels ) Tj ET Q q 0 0 0 rg BT 249.66 398.90 Td (that ) Tj ET Q q 0 0 0 rg BT 263.63 398.90 Td (may ) Tj ET Q q 0 0 0 rg BT 279.39 398.90 Td (be ) Tj ET Q q 0 0 0 rg BT 288.92 398.90 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 321.55 398.90 Td (in ) Tj ET Q q 0 0 0 rg BT 329.75 398.90 Td (our ) Tj ET Q q 0 0 0 rg BT 342.39 398.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 369.69 398.90 Td (and ) Tj ET Q q 0 0 0 rg BT 383.22 398.90 Td (expanded ) Tj ET Q q 0 0 0 rg BT 415.85 398.90 Td (programming ) Tj ET Q q 0 0 0 rg BT 461.38 398.90 Td (of) Tj ET Q q 0 0 0 rg BT 467.90 398.90 Td (ferings ) Tj ET Q q 0 0 0 rg BT 492.09 398.90 Td (that ) Tj ET Q q 0 0 0 rg BT 506.07 398.90 Td (may ) Tj ET Q q 0 0 0 rg BT 521.82 398.90 Td (be ) Tj ET Q q 0 0 0 rg BT 531.35 398.90 Td (of) Tj ET Q q 0 0 0 rg BT 537.87 398.90 Td (fered ) Tj ET Q q 0 0 0 rg BT 556.28 398.90 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 389.30 Td (highly ) Tj ET Q q 0 0 0 rg BT 72.10 389.30 Td (tar) Tj ET Q q 0 0 0 rg BT 80.39 389.30 Td (geted ) Tj ET Q q 0 0 0 rg BT 99.87 389.30 Td (audiences. ) Tj ET Q q 0 0 0 rg BT 135.57 389.30 Td (Reductions ) Tj ET Q q 0 0 0 rg BT 173.72 389.30 Td (in ) Tj ET Q q 0 0 0 rg BT 182.10 389.30 Td (the ) Tj ET Q q 0 0 0 rg BT 194.03 389.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 209.07 389.30 Td (of ) Tj ET Q q 0 0 0 rg BT 217.89 389.30 Td (launching ) Tj ET Q q 0 0 0 rg BT 251.59 389.30 Td (new ) Tj ET Q q 0 0 0 rg BT 267.07 389.30 Td (channels ) Tj ET Q q 0 0 0 rg BT 297.22 389.30 Td (could ) Tj ET Q q 0 0 0 rg BT 317.14 389.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 337.51 389.30 Td (entry ) Tj ET Q q 0 0 0 rg BT 356.11 389.30 Td (barriers ) Tj ET Q q 0 0 0 rg BT 382.69 389.30 Td (and ) Tj ET Q q 0 0 0 rg BT 396.40 389.30 Td (encourage ) Tj ET Q q 0 0 0 rg BT 431.42 389.30 Td (the ) Tj ET Q q 0 0 0 rg BT 443.35 389.30 Td (development ) Tj ET Q q 0 0 0 rg BT 486.83 389.30 Td (of ) Tj ET Q q 0 0 0 rg BT 495.64 389.30 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 536.90 389.30 Td (tar) Tj ET Q q 0 0 0 rg BT 545.19 389.30 Td (geted ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 379.70 Td (niche ) Tj ET Q q 0 0 0 rg BT 68.98 379.70 Td (programming ) Tj ET Q q 0 0 0 rg BT 114.68 379.70 Td (on ) Tj ET Q q 0 0 0 rg BT 124.83 379.70 Td (various ) Tj ET Q q 0 0 0 rg BT 150.54 379.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 189.58 379.70 Td (platforms. ) Tj ET Q q 0 0 0 rg BT 224.24 379.70 Td (This ) Tj ET Q q 0 0 0 rg BT 240.61 379.70 Td (could ) Tj ET Q q 0 0 0 rg BT 260.54 379.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 288.90 379.70 Td (the ) Tj ET Q q 0 0 0 rg BT 300.82 379.70 Td (competitive ) Tj ET Q q 0 0 0 rg BT 340.74 379.70 Td (demand ) Tj ET Q q 0 0 0 rg BT 368.22 379.70 Td (for ) Tj ET Q q 0 0 0 rg BT 379.70 379.70 Td (popular ) Tj ET Q q 0 0 0 rg BT 406.29 379.70 Td (programming, ) Tj ET Q q 0 0 0 rg BT 453.99 379.70 Td (resulting ) Tj ET Q q 0 0 0 rg BT 484.14 379.70 Td (in ) Tj ET Q q 0 0 0 rg BT 492.52 379.70 Td (an ) Tj ET Q q 0 0 0 rg BT 502.22 379.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 530.58 379.70 Td (in ) Tj ET Q q 0 0 0 rg BT 538.95 379.70 Td (content ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 67.55 370.10 Td (as ) Tj ET Q q 0 0 0 rg BT 76.26 370.10 Td (we ) Tj ET Q q 0 0 0 rg BT 87.63 370.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 116.78 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 128.15 370.10 Td (audiences ) Tj ET Q q 0 0 0 rg BT 161.74 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.34 370.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 212.93 370.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 244.95 370.10 Td (A) Tj ET Q q 0 0 0 rg BT 250.29 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.34 370.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 275.26 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.53 370.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 324.68 370.10 Td (adapt ) Tj ET Q q 0 0 0 rg BT 344.05 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.32 370.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 380.13 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.40 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 401.11 370.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 429.38 370.10 Td (as ) Tj ET Q q 0 0 0 rg BT 438.09 370.10 Td (a ) Tj ET Q q 0 0 0 rg BT 443.69 370.10 Td (result ) Tj ET Q q 0 0 0 rg BT 463.51 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.22 370.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 517.36 370.10 Td (advances ) Tj ET Q q 0 0 0 rg BT 548.72 370.10 Td (may ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 360.50 Td (have ) Tj ET Q q 0 0 0 rg BT 66.60 360.50 Td (an ) Tj ET Q q 0 0 0 rg BT 76.15 360.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 102.58 360.50 Td (ef) Tj ET Q q 0 0 0 rg BT 108.65 360.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 122.64 360.50 Td (on ) Tj ET Q q 0 0 0 rg BT 132.64 360.50 Td (our ) Tj ET Q q 0 0 0 rg BT 145.30 360.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 175.29 360.50 Td (position, ) Tj ET Q q 0 0 0 rg BT 205.07 360.50 Td (results ) Tj ET Q q 0 0 0 rg BT 227.96 360.50 Td (of ) Tj ET Q q 0 0 0 rg BT 236.62 360.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 271.95 360.50 Td (and ) Tj ET Q q 0 0 0 rg BT 285.50 360.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 301.71 360.50 Td (flows.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 344.90 Td (Content ) Tj ET Q q 0 0 0 rg BT 77.73 344.90 Td (may ) Tj ET Q q 0 0 0 rg BT 93.50 344.90 Td (become ) Tj ET Q q 0 0 0 rg BT 120.38 344.90 Td (more ) Tj ET Q q 0 0 0 rg BT 139.27 344.90 Td (expensive ) Tj ET Q q 0 0 0 rg BT 173.25 344.90 Td (to ) Tj ET Q q 0 0 0 rg BT 181.48 344.90 Td (produce ) Tj ET Q q 0 0 0 rg BT 210.14 344.90 Td (or ) Tj ET Q q 0 0 0 rg BT 219.25 344.90 Td (acquire ) Tj ET Q q 0 0 0 rg BT 246.14 344.90 Td (or ) Tj ET Q q 0 0 0 rg BT 255.25 344.90 Td (we ) Tj ET Q q 0 0 0 rg BT 266.14 344.90 Td (may ) Tj ET Q q 0 0 0 rg BT 281.91 344.90 Td (not ) Tj ET Q q 0 0 0 rg BT 294.59 344.90 Td (be ) Tj ET Q q 0 0 0 rg BT 304.14 344.90 Td (able ) Tj ET Q q 0 0 0 rg BT 319.91 344.90 Td (to ) Tj ET Q q 0 0 0 rg BT 328.13 344.90 Td (develop ) Tj ET Q q 0 0 0 rg BT 355.01 344.90 Td (or ) Tj ET Q q 0 0 0 rg BT 364.12 344.90 Td (acquire ) Tj ET Q q 0 0 0 rg BT 391.01 344.90 Td (content ) Tj ET Q q 0 0 0 rg BT 417.45 344.90 Td (that ) Tj ET Q q 0 0 0 rg BT 432.35 344.90 Td (is ) Tj ET Q q 0 0 0 rg BT 439.68 344.90 Td (attractive ) Tj ET Q q 0 0 0 rg BT 472.34 344.90 Td (to ) Tj ET Q q 0 0 0 rg BT 480.56 344.90 Td (our ) Tj ET Q q 0 0 0 rg BT 494.13 344.90 Td (audiences.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 329.30 Td (T) Tj ET Q q 0 0 0 rg BT 53.83 329.30 Td (elevision ) Tj ET Q q 0 0 0 rg BT 84.18 329.30 Td (programming ) Tj ET Q q 0 0 0 rg BT 129.19 329.30 Td (is ) Tj ET Q q 0 0 0 rg BT 135.99 329.30 Td (one ) Tj ET Q q 0 0 0 rg BT 149.01 329.30 Td (of ) Tj ET Q q 0 0 0 rg BT 157.14 329.30 Td (the ) Tj ET Q q 0 0 0 rg BT 168.38 329.30 Td (most ) Tj ET Q q 0 0 0 rg BT 185.40 329.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 220.64 329.30 Td (components ) Tj ET Q q 0 0 0 rg BT 260.76 329.30 Td (of ) Tj ET Q q 0 0 0 rg BT 268.89 329.30 Td (our ) Tj ET Q q 0 0 0 rg BT 281.02 329.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 312.70 329.30 Td (costs. ) Tj ET Q q 0 0 0 rg BT 332.06 329.30 Td (The ) Tj ET Q q 0 0 0 rg BT 345.96 329.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 367.87 329.30 Td (of ) Tj ET Q q 0 0 0 rg BT 376.00 329.30 Td (our ) Tj ET Q q 0 0 0 rg BT 388.13 329.30 Td (programming ) Tj ET Q q 0 0 0 rg BT 433.14 329.30 Td (to ) Tj ET Q q 0 0 0 rg BT 440.83 329.30 Td (generate ) Tj ET Q q 0 0 0 rg BT 469.39 329.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 506.40 329.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 536.29 329.30 Td (depends ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 319.70 Td (substantially ) Tj ET Q q 0 0 0 rg BT 91.50 319.70 Td (on ) Tj ET Q q 0 0 0 rg BT 101.05 319.70 Td (our ) Tj ET Q q 0 0 0 rg BT 113.27 319.70 Td (ability ) Tj ET Q q 0 0 0 rg BT 135.27 319.70 Td (to ) Tj ET Q q 0 0 0 rg BT 143.04 319.70 Td (develop, ) Tj ET Q q 0 0 0 rg BT 171.92 319.70 Td (produce ) Tj ET Q q 0 0 0 rg BT 199.24 319.70 Td (or ) Tj ET Q q 0 0 0 rg BT 207.46 319.70 Td (acquire ) Tj ET Q q 0 0 0 rg BT 232.55 319.70 Td (programming ) Tj ET Q q 0 0 0 rg BT 277.66 319.70 Td (that ) Tj ET Q q 0 0 0 rg BT 291.21 319.70 Td (matches ) Tj ET Q q 0 0 0 rg BT 318.97 319.70 Td (audience ) Tj ET Q q 0 0 0 rg BT 348.95 319.70 Td (tastes ) Tj ET Q q 0 0 0 rg BT 368.28 319.70 Td (and ) Tj ET Q q 0 0 0 rg BT 381.39 319.70 Td (attracts ) Tj ET Q q 0 0 0 rg BT 406.04 319.70 Td (high ) Tj ET Q q 0 0 0 rg BT 421.82 319.70 Td (audience ) Tj ET Q q 0 0 0 rg BT 451.80 319.70 Td (shares, ) Tj ET Q q 0 0 0 rg BT 475.34 319.70 Td (which ) Tj ET Q q 0 0 0 rg BT 496.45 319.70 Td (is ) Tj ET Q q 0 0 0 rg BT 503.34 319.70 Td (dif) Tj ET Q q 0 0 0 rg BT 512.08 319.70 Td (ficult ) Tj ET Q q 0 0 0 rg BT 530.52 319.70 Td (to ) Tj ET Q q 0 0 0 rg BT 538.30 319.70 Td (predict. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (The ) Tj ET Q q 0 0 0 rg BT 63.63 310.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 103.08 310.10 Td (success ) Tj ET Q q 0 0 0 rg BT 128.76 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.11 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 142.35 310.10 Td (program ) Tj ET Q q 0 0 0 rg BT 171.15 310.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 199.05 310.10 Td (on ) Tj ET Q q 0 0 0 rg BT 208.74 310.10 Td (several ) Tj ET Q q 0 0 0 rg BT 233.08 310.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 260.54 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.79 310.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 307.47 310.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 332.92 310.10 Td (including ) Tj ET Q q 0 0 0 rg BT 364.83 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.30 310.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 399.76 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.11 310.10 Td (competing ) Tj ET Q q 0 0 0 rg BT 443.57 310.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 477.48 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.94 310.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 526.62 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.97 310.10 Td (alternate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 300.50 Td (forms ) Tj ET Q q 0 0 0 rg BT 69.84 300.50 Td (of ) Tj ET Q q 0 0 0 rg BT 78.19 300.50 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 123.84 300.50 Td (and ) Tj ET Q q 0 0 0 rg BT 137.07 300.50 Td (leisure ) Tj ET Q q 0 0 0 rg BT 160.08 300.50 Td (time ) Tj ET Q q 0 0 0 rg BT 175.97 300.50 Td (activities, ) Tj ET Q q 0 0 0 rg BT 208.53 300.50 Td (our ) Tj ET Q q 0 0 0 rg BT 220.88 300.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 243.00 300.50 Td (to ) Tj ET Q q 0 0 0 rg BT 250.90 300.50 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 283.67 300.50 Td (and ) Tj ET Q q 0 0 0 rg BT 296.90 300.50 Td (adapt ) Tj ET Q q 0 0 0 rg BT 315.90 300.50 Td (to ) Tj ET Q q 0 0 0 rg BT 323.80 300.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 351.25 300.50 Td (in ) Tj ET Q q 0 0 0 rg BT 359.15 300.50 Td (consumer ) Tj ET Q q 0 0 0 rg BT 391.93 300.50 Td (tastes ) Tj ET Q q 0 0 0 rg BT 411.38 300.50 Td (and ) Tj ET Q q 0 0 0 rg BT 424.61 300.50 Td (behavior) Tj ET Q q 0 0 0 rg BT 452.28 300.50 Td (, ) Tj ET Q q 0 0 0 rg BT 455.96 300.50 Td (and ) Tj ET Q q 0 0 0 rg BT 469.19 300.50 Td (general ) Tj ET Q q 0 0 0 rg BT 494.40 300.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 527.18 300.50 Td (conditions. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 290.90 Td (The ) Tj ET Q q 0 0 0 rg BT 64.44 290.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 79.82 290.90 Td (of ) Tj ET Q q 0 0 0 rg BT 88.98 290.90 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 121.69 290.90 Td (content ) Tj ET Q q 0 0 0 rg BT 147.74 290.90 Td (attractive ) Tj ET Q q 0 0 0 rg BT 179.99 290.90 Td (to ) Tj ET Q q 0 0 0 rg BT 188.71 290.90 Td (our ) Tj ET Q q 0 0 0 rg BT 201.88 290.90 Td (viewers, ) Tj ET Q q 0 0 0 rg BT 231.25 290.90 Td (such ) Tj ET Q q 0 0 0 rg BT 248.41 290.90 Td (as ) Tj ET Q q 0 0 0 rg BT 257.58 290.90 Td (feature ) Tj ET Q q 0 0 0 rg BT 282.28 290.90 Td (films ) Tj ET Q q 0 0 0 rg BT 301.22 290.90 Td (and ) Tj ET Q q 0 0 0 rg BT 315.27 290.90 Td (popular ) Tj ET Q q 0 0 0 rg BT 342.21 290.90 Td (television ) Tj ET Q q 0 0 0 rg BT 375.81 290.90 Td (series ) Tj ET Q q 0 0 0 rg BT 396.52 290.90 Td (and ) Tj ET Q q 0 0 0 rg BT 410.57 290.90 Td (formats, ) Tj ET Q q 0 0 0 rg BT 439.51 290.90 Td (is ) Tj ET Q q 0 0 0 rg BT 447.34 290.90 Td (likely ) Tj ET Q q 0 0 0 rg BT 468.06 290.90 Td (to ) Tj ET Q q 0 0 0 rg BT 476.78 290.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 505.48 290.90 Td (in ) Tj ET Q q 0 0 0 rg BT 514.20 290.90 Td (the ) Tj ET Q q 0 0 0 rg BT 526.47 290.90 Td (future. ) Tj ET Q q 0 0 0 rg BT 550.07 290.90 Td (Our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 281.30 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 92.15 281.30 Td (in ) Tj ET Q q 0 0 0 rg BT 100.14 281.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 124.56 281.30 Td (of ) Tj ET Q q 0 0 0 rg BT 133.00 281.30 Td (locally ) Tj ET Q q 0 0 0 rg BT 156.54 281.30 Td (produced ) Tj ET Q q 0 0 0 rg BT 188.08 281.30 Td (programming ) Tj ET Q q 0 0 0 rg BT 233.40 281.30 Td (may ) Tj ET Q q 0 0 0 rg BT 248.94 281.30 Td (also ) Tj ET Q q 0 0 0 rg BT 263.60 281.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 291.57 281.30 Td (due ) Tj ET Q q 0 0 0 rg BT 304.90 281.30 Td (to ) Tj ET Q q 0 0 0 rg BT 312.89 281.30 Td (competition ) Tj ET Q q 0 0 0 rg BT 352.88 281.30 Td (for ) Tj ET Q q 0 0 0 rg BT 363.98 281.30 Td (talent ) Tj ET Q q 0 0 0 rg BT 383.52 281.30 Td (and ) Tj ET Q q 0 0 0 rg BT 396.84 281.30 Td (other ) Tj ET Q q 0 0 0 rg BT 415.05 281.30 Td (resources, ) Tj ET Q q 0 0 0 rg BT 449.03 281.30 Td (wage ) Tj ET Q q 0 0 0 rg BT 467.68 281.30 Td (inflation, ) Tj ET Q q 0 0 0 rg BT 498.55 281.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 526.09 281.30 Td (in ) Tj ET Q q 0 0 0 rg BT 534.09 281.30 Td (audience ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 271.70 Td (tastes ) Tj ET Q q 0 0 0 rg BT 69.25 271.70 Td (in ) Tj ET Q q 0 0 0 rg BT 77.45 271.70 Td (our ) Tj ET Q q 0 0 0 rg BT 90.09 271.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 117.39 271.70 Td (or ) Tj ET Q q 0 0 0 rg BT 126.03 271.70 Td (from ) Tj ET Q q 0 0 0 rg BT 143.55 271.70 Td (the ) Tj ET Q q 0 0 0 rg BT 155.30 271.70 Td (implementation ) Tj ET Q q 0 0 0 rg BT 207.49 271.70 Td (of ) Tj ET Q q 0 0 0 rg BT 216.13 271.70 Td (any ) Tj ET Q q 0 0 0 rg BT 229.65 271.70 Td (new ) Tj ET Q q 0 0 0 rg BT 244.96 271.70 Td (laws ) Tj ET Q q 0 0 0 rg BT 261.60 271.70 Td (and ) Tj ET Q q 0 0 0 rg BT 275.12 271.70 Td (regulations ) Tj ET Q q 0 0 0 rg BT 312.65 271.70 Td (mandating ) Tj ET Q q 0 0 0 rg BT 348.39 271.70 Td (the ) Tj ET Q q 0 0 0 rg BT 360.14 271.70 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 392.77 271.70 Td (of ) Tj ET Q q 0 0 0 rg BT 401.41 271.70 Td (a ) Tj ET Q q 0 0 0 rg BT 406.93 271.70 Td (greater ) Tj ET Q q 0 0 0 rg BT 431.11 271.70 Td (number ) Tj ET Q q 0 0 0 rg BT 457.53 271.70 Td (of ) Tj ET Q q 0 0 0 rg BT 466.17 271.70 Td (locally ) Tj ET Q q 0 0 0 rg BT 489.91 271.70 Td (produced ) Tj ET Q q 0 0 0 rg BT 521.65 271.70 Td (programs. ) Tj ET Q q 0 0 0 rg BT 555.84 271.70 Td (In ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 79.30 262.10 Td (we ) Tj ET Q q 0 0 0 rg BT 90.21 262.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 119.78 262.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 144.90 262.10 Td (syndicated ) Tj ET Q q 0 0 0 rg BT 180.69 262.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 225.82 262.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 245.62 262.10 Td (under ) Tj ET Q q 0 0 0 rg BT 265.41 262.10 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 300.31 262.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 345.45 262.10 Td (before ) Tj ET Q q 0 0 0 rg BT 367.46 262.10 Td (knowing ) Tj ET Q q 0 0 0 rg BT 397.04 262.10 Td (how ) Tj ET Q q 0 0 0 rg BT 412.39 262.10 Td (such ) Tj ET Q q 0 0 0 rg BT 428.64 262.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 473.76 262.10 Td (will ) Tj ET Q q 0 0 0 rg BT 487.79 262.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 515.13 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 522.94 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 535.18 262.10 Td (markets. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 252.50 Td (In ) Tj ET Q q 0 0 0 rg BT 57.29 252.50 Td (the ) Tj ET Q q 0 0 0 rg BT 68.18 252.50 Td (event ) Tj ET Q q 0 0 0 rg BT 86.63 252.50 Td (any ) Tj ET Q q 0 0 0 rg BT 99.30 252.50 Td (such ) Tj ET Q q 0 0 0 rg BT 115.09 252.50 Td (programming ) Tj ET Q q 0 0 0 rg BT 159.76 252.50 Td (does ) Tj ET Q q 0 0 0 rg BT 175.55 252.50 Td (not ) Tj ET Q q 0 0 0 rg BT 186.89 252.50 Td (attract ) Tj ET Q q 0 0 0 rg BT 208.00 252.50 Td (adequate ) Tj ET Q q 0 0 0 rg BT 237.55 252.50 Td (audience ) Tj ET Q q 0 0 0 rg BT 267.10 252.50 Td (share, ) Tj ET Q q 0 0 0 rg BT 287.10 252.50 Td (it ) Tj ET Q q 0 0 0 rg BT 292.67 252.50 Td (may ) Tj ET Q q 0 0 0 rg BT 307.57 252.50 Td (be ) Tj ET Q q 0 0 0 rg BT 316.24 252.50 Td (necessary ) Tj ET Q q 0 0 0 rg BT 348.46 252.50 Td (to ) Tj ET Q q 0 0 0 rg BT 355.80 252.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 383.13 252.50 Td (our ) Tj ET Q q 0 0 0 rg BT 394.92 252.50 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 436.91 252.50 Td (by ) Tj ET Q q 0 0 0 rg BT 446.04 252.50 Td (investing ) Tj ET Q q 0 0 0 rg BT 476.49 252.50 Td (in ) Tj ET Q q 0 0 0 rg BT 483.84 252.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 516.95 252.50 Td (programming, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 242.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 73.61 242.90 Td (to ) Tj ET Q q 0 0 0 rg BT 81.29 242.90 Td (the ) Tj ET Q q 0 0 0 rg BT 92.51 242.90 Td (availability ) Tj ET Q q 0 0 0 rg BT 129.95 242.90 Td (of ) Tj ET Q q 0 0 0 rg BT 138.07 242.90 Td (adequate ) Tj ET Q q 0 0 0 rg BT 167.95 242.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 197.38 242.90 Td (resources, ) Tj ET Q q 0 0 0 rg BT 231.04 242.90 Td (as ) Tj ET Q q 0 0 0 rg BT 239.16 242.90 Td (well ) Tj ET Q q 0 0 0 rg BT 254.38 242.90 Td (as ) Tj ET Q q 0 0 0 rg BT 262.50 242.90 Td (to ) Tj ET Q q 0 0 0 rg BT 270.18 242.90 Td (write ) Tj ET Q q 0 0 0 rg BT 288.07 242.90 Td (down ) Tj ET Q q 0 0 0 rg BT 307.29 242.90 Td (the ) Tj ET Q q 0 0 0 rg BT 318.52 242.90 Td (value ) Tj ET Q q 0 0 0 rg BT 337.30 242.90 Td (of ) Tj ET Q q 0 0 0 rg BT 345.41 242.90 Td (any ) Tj ET Q q 0 0 0 rg BT 358.42 242.90 Td (underperforming ) Tj ET Q q 0 0 0 rg BT 414.07 242.90 Td (programming. ) Tj ET Q q 0 0 0 rg BT 460.75 242.90 Td (Any ) Tj ET Q q 0 0 0 rg BT 475.98 242.90 Td (material ) Tj ET Q q 0 0 0 rg BT 503.64 242.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 531.29 242.90 Td (in ) Tj ET Q q 0 0 0 rg BT 538.97 242.90 Td (content ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 233.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 67.50 233.30 Td (could ) Tj ET Q q 0 0 0 rg BT 87.27 233.30 Td (have ) Tj ET Q q 0 0 0 rg BT 104.38 233.30 Td (a ) Tj ET Q q 0 0 0 rg BT 109.93 233.30 Td (material ) Tj ET Q q 0 0 0 rg BT 138.13 233.30 Td (adverse ) Tj ET Q q 0 0 0 rg BT 164.56 233.30 Td (ef) Tj ET Q q 0 0 0 rg BT 170.63 233.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 184.62 233.30 Td (on ) Tj ET Q q 0 0 0 rg BT 194.62 233.30 Td (our ) Tj ET Q q 0 0 0 rg BT 207.29 233.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 237.27 233.30 Td (condition, ) Tj ET Q q 0 0 0 rg BT 271.49 233.30 Td (results ) Tj ET Q q 0 0 0 rg BT 294.38 233.30 Td (of ) Tj ET Q q 0 0 0 rg BT 303.04 233.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 338.36 233.30 Td (or ) Tj ET Q q 0 0 0 rg BT 347.03 233.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 363.24 233.30 Td (flows.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 217.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.84 217.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 98.40 217.70 Td (results ) Tj ET Q q 0 0 0 rg BT 122.18 217.70 Td (are ) Tj ET Q q 0 0 0 rg BT 134.85 217.70 Td (dependent ) Tj ET Q q 0 0 0 rg BT 170.62 217.70 Td (on ) Tj ET Q q 0 0 0 rg BT 181.07 217.70 Td (the ) Tj ET Q q 0 0 0 rg BT 193.29 217.70 Td (importance ) Tj ET Q q 0 0 0 rg BT 232.63 217.70 Td (of ) Tj ET Q q 0 0 0 rg BT 241.29 217.70 Td (television ) Tj ET Q q 0 0 0 rg BT 274.39 217.70 Td (as ) Tj ET Q q 0 0 0 rg BT 283.51 217.70 Td (an ) Tj ET Q q 0 0 0 rg BT 293.96 217.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 332.40 217.70 Td (medium.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 202.10 Td (e ) Tj ET Q q 0 0 0 rg BT 62.07 202.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 91.26 202.10 Td (most ) Tj ET Q q 0 0 0 rg BT 108.92 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.69 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 130.46 202.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 160.99 202.10 Td (from ) Tj ET Q q 0 0 0 rg BT 178.65 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.53 202.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 205.07 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.84 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 226.61 202.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 264.26 202.10 Td (airtime ) Tj ET Q q 0 0 0 rg BT 289.02 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 299.12 202.10 Td (television ) Tj ET Q q 0 0 0 rg BT 332.33 202.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 362.43 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.75 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 383.52 202.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 412.80 202.10 Td (T) Tj ET Q q 0 0 0 rg BT 417.13 202.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 448.11 202.10 Td (competes ) Tj ET Q q 0 0 0 rg BT 480.43 202.10 Td (with ) Tj ET Q q 0 0 0 rg BT 496.76 202.10 Td (various ) Tj ET Q q 0 0 0 rg BT 522.41 202.10 Td (other ) Tj ET Q q 0 0 0 rg BT 540.95 202.10 Td (media, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 192.50 Td (such ) Tj ET Q q 0 0 0 rg BT 66.54 192.50 Td (as ) Tj ET Q q 0 0 0 rg BT 75.57 192.50 Td (print, ) Tj ET Q q 0 0 0 rg BT 95.05 192.50 Td (radio, ) Tj ET Q q 0 0 0 rg BT 115.86 192.50 Td (the ) Tj ET Q q 0 0 0 rg BT 128.00 192.50 Td (internet ) Tj ET Q q 0 0 0 rg BT 154.81 192.50 Td (and ) Tj ET Q q 0 0 0 rg BT 168.73 192.50 Td (outdoor ) Tj ET Q q 0 0 0 rg BT 195.99 192.50 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 235.91 192.50 Td (for ) Tj ET Q q 0 0 0 rg BT 247.61 192.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 285.52 192.50 Td (spending. ) Tj ET Q q 0 0 0 rg BT 318.78 192.50 Td (In ) Tj ET Q q 0 0 0 rg BT 327.82 192.50 Td (all ) Tj ET Q q 0 0 0 rg BT 338.18 192.50 Td (of ) Tj ET Q q 0 0 0 rg BT 347.22 192.50 Td (the ) Tj ET Q q 0 0 0 rg BT 359.36 192.50 Td (countries ) Tj ET Q q 0 0 0 rg BT 391.06 192.50 Td (in ) Tj ET Q q 0 0 0 rg BT 399.65 192.50 Td (which ) Tj ET Q q 0 0 0 rg BT 421.57 192.50 Td (we ) Tj ET Q q 0 0 0 rg BT 433.27 192.50 Td (operate, ) Tj ET Q q 0 0 0 rg BT 461.18 192.50 Td (television ) Tj ET Q q 0 0 0 rg BT 494.66 192.50 Td (constitutes ) Tj ET Q q 0 0 0 rg BT 531.25 192.50 Td (the ) Tj ET Q q 0 0 0 rg BT 543.39 192.50 Td (single ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 182.90 Td (lar) Tj ET Q q 0 0 0 rg BT 57.79 182.90 Td (gest ) Tj ET Q q 0 0 0 rg BT 72.25 182.90 Td (component ) Tj ET Q q 0 0 0 rg BT 109.37 182.90 Td (of ) Tj ET Q q 0 0 0 rg BT 117.60 182.90 Td (all ) Tj ET Q q 0 0 0 rg BT 127.16 182.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 164.28 182.90 Td (spending. ) Tj ET Q q 0 0 0 rg BT 196.62 182.90 Td (There ) Tj ET Q q 0 0 0 rg BT 216.84 182.90 Td (can ) Tj ET Q q 0 0 0 rg BT 229.52 182.90 Td (be ) Tj ET Q q 0 0 0 rg BT 238.64 182.90 Td (no ) Tj ET Q q 0 0 0 rg BT 248.21 182.90 Td (assurance ) Tj ET Q q 0 0 0 rg BT 280.87 182.90 Td (that ) Tj ET Q q 0 0 0 rg BT 294.43 182.90 Td (the ) Tj ET Q q 0 0 0 rg BT 305.78 182.90 Td (television ) Tj ET Q q 0 0 0 rg BT 338.45 182.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 375.57 182.90 Td (market ) Tj ET Q q 0 0 0 rg BT 399.35 182.90 Td (will ) Tj ET Q q 0 0 0 rg BT 413.36 182.90 Td (maintain ) Tj ET Q q 0 0 0 rg BT 442.92 182.90 Td (its ) Tj ET Q q 0 0 0 rg BT 452.05 182.90 Td (current ) Tj ET Q q 0 0 0 rg BT 476.27 182.90 Td (position ) Tj ET Q q 0 0 0 rg BT 503.62 182.90 Td (among ) Tj ET Q q 0 0 0 rg BT 526.97 182.90 Td (advertising ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 173.30 Td (media ) Tj ET Q q 0 0 0 rg BT 71.36 173.30 Td (in ) Tj ET Q q 0 0 0 rg BT 79.89 173.30 Td (our ) Tj ET Q q 0 0 0 rg BT 92.87 173.30 Td (markets. ) Tj ET Q q 0 0 0 rg BT 122.50 173.30 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 166.80 173.30 Td (there ) Tj ET Q q 0 0 0 rg BT 185.10 173.30 Td (can ) Tj ET Q q 0 0 0 rg BT 198.52 173.30 Td (be ) Tj ET Q q 0 0 0 rg BT 208.38 173.30 Td (no ) Tj ET Q q 0 0 0 rg BT 218.69 173.30 Td (assurances ) Tj ET Q q 0 0 0 rg BT 255.21 173.30 Td (that ) Tj ET Q q 0 0 0 rg BT 269.52 173.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 297.59 173.30 Td (in ) Tj ET Q q 0 0 0 rg BT 306.13 173.30 Td (the ) Tj ET Q q 0 0 0 rg BT 318.21 173.30 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 353.40 173.30 Td (environment ) Tj ET Q q 0 0 0 rg BT 396.14 173.30 Td (or ) Tj ET Q q 0 0 0 rg BT 405.12 173.30 Td (improvements ) Tj ET Q q 0 0 0 rg BT 453.20 173.30 Td (in ) Tj ET Q q 0 0 0 rg BT 461.74 173.30 Td (technology ) Tj ET Q q 0 0 0 rg BT 499.59 173.30 Td (will ) Tj ET Q q 0 0 0 rg BT 514.35 173.30 Td (not ) Tj ET Q q 0 0 0 rg BT 526.88 173.30 Td (favor ) Tj ET Q q 0 0 0 rg BT 546.08 173.30 Td (other ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 163.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.12 163.70 Td (media ) Tj ET Q q 0 0 0 rg BT 108.73 163.70 Td (or ) Tj ET Q q 0 0 0 rg BT 117.46 163.70 Td (other ) Tj ET Q q 0 0 0 rg BT 135.97 163.70 Td (television ) Tj ET Q q 0 0 0 rg BT 169.14 163.70 Td (broadcasters. ) Tj ET Q q 0 0 0 rg BT 213.19 163.70 Td (Increases ) Tj ET Q q 0 0 0 rg BT 245.02 163.70 Td (in ) Tj ET Q q 0 0 0 rg BT 253.31 163.70 Td (competition ) Tj ET Q q 0 0 0 rg BT 293.59 163.70 Td (among ) Tj ET Q q 0 0 0 rg BT 317.43 163.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 355.05 163.70 Td (media ) Tj ET Q q 0 0 0 rg BT 376.66 163.70 Td (arising ) Tj ET Q q 0 0 0 rg BT 400.51 163.70 Td (from ) Tj ET Q q 0 0 0 rg BT 418.13 163.70 Td (the ) Tj ET Q q 0 0 0 rg BT 429.97 163.70 Td (development ) Tj ET Q q 0 0 0 rg BT 473.36 163.70 Td (of ) Tj ET Q q 0 0 0 rg BT 482.09 163.70 Td (new ) Tj ET Q q 0 0 0 rg BT 497.48 163.70 Td (forms ) Tj ET Q q 0 0 0 rg BT 518.22 163.70 Td (of ) Tj ET Q q 0 0 0 rg BT 526.95 163.70 Td (advertising ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (media ) Tj ET Q q 0 0 0 rg BT 70.60 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 83.71 154.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 122.16 154.10 Td (could ) Tj ET Q q 0 0 0 rg BT 141.49 154.10 Td (result ) Tj ET Q q 0 0 0 rg BT 160.82 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.60 154.10 Td (a ) Tj ET Q q 0 0 0 rg BT 173.71 154.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 198.36 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.14 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.47 154.10 Td (appeal ) Tj ET Q q 0 0 0 rg BT 239.90 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.12 154.10 Td (television ) Tj ET Q q 0 0 0 rg BT 280.78 154.10 Td (as ) Tj ET Q q 0 0 0 rg BT 289.00 154.10 Td (an ) Tj ET Q q 0 0 0 rg BT 298.11 154.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 335.21 154.10 Td (medium ) Tj ET Q q 0 0 0 rg BT 362.99 154.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 394.31 154.10 Td (or ) Tj ET Q q 0 0 0 rg BT 402.53 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.75 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 422.97 154.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 452.52 154.10 Td (specifically) Tj ET Q q 0 0 0 rg BT 488.87 154.10 Td (. ) Tj ET Q q 0 0 0 rg BT 492.08 154.10 Td (A) Tj ET Q q 0 0 0 rg BT 497.42 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.97 154.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 523.63 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 531.41 154.10 Td (television ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 144.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.41 144.50 Td (spending ) Tj ET Q q 0 0 0 rg BT 118.65 144.50 Td (as ) Tj ET Q q 0 0 0 rg BT 127.68 144.50 Td (a ) Tj ET Q q 0 0 0 rg BT 133.59 144.50 Td (component ) Tj ET Q q 0 0 0 rg BT 171.49 144.50 Td (of ) Tj ET Q q 0 0 0 rg BT 180.52 144.50 Td (total ) Tj ET Q q 0 0 0 rg BT 197.09 144.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 235.00 144.50 Td (spending ) Tj ET Q q 0 0 0 rg BT 266.25 144.50 Td (in ) Tj ET Q q 0 0 0 rg BT 274.83 144.50 Td (any ) Tj ET Q q 0 0 0 rg BT 288.74 144.50 Td (period ) Tj ET Q q 0 0 0 rg BT 311.54 144.50 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Tj ET Q endstream endobj 27 0 obj <>] /Rotate 0 /Contents 28 0 R>> endobj 28 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.02 723.60 Td (e ) Tj ET Q q 0 0 0 rg BT 61.57 723.60 Td (are ) Tj ET Q q 0 0 0 rg BT 74.23 723.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 99.34 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 107.57 723.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 125.56 723.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 165.33 723.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 182.89 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 197.34 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 209.57 723.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 224.02 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 232.68 723.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 250.68 723.60 Td (or ) Tj ET Q q 0 0 0 rg BT 259.79 723.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 296.01 723.60 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 337.56 723.60 Td (being ) Tj ET Q q 0 0 0 rg BT 357.79 723.60 Td (initiated ) Tj ET Q q 0 0 0 rg BT 386.90 723.60 Td (against ) Tj ET Q q 0 0 0 rg BT 412.91 723.60 Td (us.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 708.00 Td (e ) Tj ET Q q 0 0 0 rg BT 61.79 708.00 Td (are ) Tj ET Q q 0 0 0 rg BT 73.39 708.00 Td (required ) Tj ET Q q 0 0 0 rg BT 101.87 708.00 Td (to ) Tj ET Q q 0 0 0 rg BT 109.92 708.00 Td (comply ) Tj ET Q q 0 0 0 rg BT 135.75 708.00 Td (with ) Tj ET Q q 0 0 0 rg BT 151.80 708.00 Td (a ) Tj ET Q q 0 0 0 rg BT 157.18 708.00 Td (wide ) Tj ET Q q 0 0 0 rg BT 174.56 708.00 Td (variety ) Tj ET Q q 0 0 0 rg BT 198.60 708.00 Td (of ) Tj ET Q q 0 0 0 rg BT 207.10 708.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 223.59 708.00 Td (and ) Tj ET Q q 0 0 0 rg BT 236.97 708.00 Td (other ) Tj ET Q q 0 0 0 rg BT 255.24 708.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 289.95 708.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 327.33 708.00 Td (in ) Tj ET Q q 0 0 0 rg BT 335.38 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 346.99 708.00 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 388.37 708.00 Td (in ) Tj ET Q q 0 0 0 rg BT 396.42 708.00 Td (which ) Tj ET Q q 0 0 0 rg BT 417.80 708.00 Td (we ) Tj ET Q q 0 0 0 rg BT 428.96 708.00 Td (operate ) Tj ET Q q 0 0 0 rg BT 454.33 708.00 Td (and ) Tj ET Q q 0 0 0 rg BT 467.71 708.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 506.41 708.00 Td (by ) Tj ET Q q 0 0 0 rg BT 516.24 708.00 Td (our ) Tj ET Q q 0 0 0 rg BT 528.74 708.00 Td (businesses ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.40 Td (is ) Tj ET Q q 0 0 0 rg BT 56.44 698.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.71 698.40 Td (to ) Tj ET Q q 0 0 0 rg BT 88.53 698.40 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 115.91 698.40 Td (by ) Tj ET Q q 0 0 0 rg BT 125.51 698.40 Td (regulators ) Tj ET Q q 0 0 0 rg BT 159.11 698.40 Td (and ) Tj ET Q q 0 0 0 rg BT 172.26 698.40 Td (other ) Tj ET Q q 0 0 0 rg BT 190.30 698.40 Td (government ) Tj ET Q q 0 0 0 rg BT 230.12 698.40 Td (authorities ) Tj ET Q q 0 0 0 rg BT 265.49 698.40 Td (in ) Tj ET Q q 0 0 0 rg BT 273.32 698.40 Td (these ) Tj ET Q q 0 0 0 rg BT 291.36 698.40 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 334.52 698.40 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 374.78 698.40 Td (with ) Tj ET Q q 0 0 0 rg BT 390.61 698.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 415.32 698.40 Td (as ) Tj ET Q q 0 0 0 rg BT 423.58 698.40 Td (well ) Tj ET Q q 0 0 0 rg BT 438.96 698.40 Td (as ) Tj ET Q q 0 0 0 rg BT 447.23 698.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 481.71 698.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 497.54 698.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 513.81 698.40 Td (and ) Tj ET Q q 0 0 0 rg BT 526.96 698.40 Td (regulations ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 688.80 Td (related ) Tj ET Q q 0 0 0 rg BT 73.65 688.80 Td (to ) Tj ET Q q 0 0 0 rg BT 82.26 688.80 Td (our ) Tj ET Q q 0 0 0 rg BT 95.31 688.80 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 133.48 688.80 Td (such ) Tj ET Q q 0 0 0 rg BT 150.53 688.80 Td (as ) Tj ET Q q 0 0 0 rg BT 159.58 688.80 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 202.84 688.80 Td (content ) Tj ET Q q 0 0 0 rg BT 228.78 688.80 Td (and ) Tj ET Q q 0 0 0 rg BT 242.72 688.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 280.65 688.80 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 320.58 688.80 Td (competition ) Tj ET Q q 0 0 0 rg BT 361.19 688.80 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 401.12 688.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 413.28 688.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 430.33 688.80 Td (including ) Tj ET Q q 0 0 0 rg BT 462.94 688.80 Td (the ) Tj ET Q q 0 0 0 rg BT 475.10 688.80 Td (recently ) Tj ET Q q 0 0 0 rg BT 503.25 688.80 Td (enacted ) Tj ET Q q 0 0 0 rg BT 530.07 688.80 Td (Economic ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 679.20 Td (Substance ) Tj ET Q q 0 0 0 rg BT 83.46 679.20 Td (Act ) Tj ET Q q 0 0 0 rg BT 96.97 679.20 Td (in ) Tj ET Q q 0 0 0 rg BT 105.14 679.20 Td (Bermuda, ) Tj ET Q q 0 0 0 rg BT 138.42 679.20 Td (employment ) Tj ET Q q 0 0 0 rg BT 180.37 679.20 Td (laws, ) Tj ET Q q 0 0 0 rg BT 198.98 679.20 Td (data ) Tj ET Q q 0 0 0 rg BT 214.26 679.20 Td (protection ) Tj ET Q q 0 0 0 rg BT 248.65 679.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 292.37 679.20 Td (including ) Tj ET Q q 0 0 0 rg BT 324.54 679.20 Td (the ) Tj ET Q q 0 0 0 rg BT 336.27 679.20 Td (new ) Tj ET Q q 0 0 0 rg BT 351.55 679.20 Td (EU ) Tj ET Q q 0 0 0 rg BT 364.17 679.20 Td (General ) Tj ET Q q 0 0 0 rg BT 391.44 679.20 Td (Data ) Tj ET Q q 0 0 0 rg BT 408.49 679.20 Td (Protection ) Tj ET Q q 0 0 0 rg BT 443.33 679.20 Td (Regulation, ) Tj ET Q q 0 0 0 rg BT 482.39 679.20 Td (and ) Tj ET Q q 0 0 0 rg BT 495.90 679.20 Td (anti-corruption ) Tj ET Q q 0 0 0 rg BT 545.83 679.20 Td (laws, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 669.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 80.69 669.60 Td (the ) Tj ET Q q 0 0 0 rg BT 92.34 669.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 110.22 669.60 Td (and ) Tj ET Q q 0 0 0 rg BT 123.64 669.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 140.63 669.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.17 669.60 Td (doing ) Tj ET Q q 0 0 0 rg BT 169.27 669.60 Td (business ) Tj ET Q q 0 0 0 rg BT 198.26 669.60 Td (in ) Tj ET Q q 0 0 0 rg BT 206.36 669.60 Td (these ) Tj ET Q q 0 0 0 rg BT 224.67 669.60 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 267.97 669.60 Td (W) Tj ET Q q 0 0 0 rg BT 274.88 669.60 Td (e ) Tj ET Q q 0 0 0 rg BT 280.31 669.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 305.28 669.60 Td (we ) Tj ET Q q 0 0 0 rg BT 316.48 669.60 Td (have ) Tj ET Q q 0 0 0 rg BT 333.46 669.60 Td (implemented ) Tj ET Q q 0 0 0 rg BT 377.10 669.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 415.40 669.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 429.28 669.60 Td (management ) Tj ET Q q 0 0 0 rg BT 472.03 669.60 Td (and ) Tj ET Q q 0 0 0 rg BT 485.45 669.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 524.20 669.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 550.96 669.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 660.00 Td (procedures ) Tj ET Q q 0 0 0 rg BT 87.15 660.00 Td (that ) Tj ET Q q 0 0 0 rg BT 101.70 660.00 Td (are ) Tj ET Q q 0 0 0 rg BT 114.03 660.00 Td (designed ) Tj ET Q q 0 0 0 rg BT 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8.00 Tf ET q 0 0 0 rg BT 49.50 650.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 86.71 650.40 Td (or ) Tj ET Q q 0 0 0 rg BT 95.04 650.40 Td (the ) Tj ET Q q 0 0 0 rg BT 106.48 650.40 Td (Company) Tj ET Q q 0 0 0 rg BT 139.81 650.40 Td (s ) Tj ET Q q 0 0 0 rg BT 144.59 650.40 Td (policies ) Tj ET Q q 0 0 0 rg BT 171.14 650.40 Td (and ) Tj ET Q q 0 0 0 rg BT 184.36 650.40 Td (procedures ) Tj ET Q q 0 0 0 rg BT 221.12 650.40 Td (could ) Tj ET Q q 0 0 0 rg BT 240.56 650.40 Td (occur) Tj ET Q q 0 0 0 rg BT 257.88 650.40 Td (. ) Tj ET Q q 0 0 0 rg BT 261.18 650.40 Td (A) Tj ET Q q 0 0 0 rg BT 266.52 650.40 Td ( ) Tj ET Q q 0 0 0 rg BT 268.18 650.40 Td (failure ) Tj ET Q q 0 0 0 rg BT 290.72 650.40 Td (or ) Tj ET Q q 0 0 0 rg BT 299.05 650.40 Td (alleged ) Tj ET Q q 0 0 0 rg BT 323.82 650.40 Td (failure ) Tj ET Q q 0 0 0 rg BT 346.36 650.40 Td (to ) Tj ET Q q 0 0 0 rg BT 354.25 650.40 Td (comply ) Tj ET Q q 0 0 0 rg BT 379.91 650.40 Td (with ) Tj ET Q q 0 0 0 rg BT 395.80 650.40 Td (applicable 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Tj ET Q q 0 0 0 rg BT 412.47 625.20 Td (gains ) Tj ET Q q 0 0 0 rg BT 431.02 625.20 Td (resulting ) Tj ET Q q 0 0 0 rg BT 460.68 625.20 Td (from ) Tj ET Q q 0 0 0 rg BT 477.89 625.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 501.32 625.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 524.30 625.20 Td (transactions ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 615.60 Td (from ) Tj ET Q q 0 0 0 rg BT 66.91 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 78.54 615.60 Td (seller ) Tj ET Q q 0 0 0 rg BT 97.71 615.60 Td (to ) Tj ET Q q 0 0 0 rg BT 105.79 615.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.42 615.60 Td (buyer) Tj ET Q q 0 0 0 rg BT 135.20 615.60 Td (. ) Tj ET Q q 0 0 0 rg BT 138.92 615.60 Td (This ) Tj ET Q q 0 0 0 rg BT 154.99 615.60 Td (provision ) Tj ET Q q 0 0 0 rg BT 187.07 615.60 Td (may ) Tj ET Q q 0 0 0 rg BT 202.70 615.60 Td (have ) Tj ET Q q 0 0 0 rg BT 219.66 615.60 Td (been ) Tj ET Q q 0 0 0 rg BT 236.62 615.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 271.34 615.60 Td (to ) Tj ET Q q 0 0 0 rg BT 279.42 615.60 Td (an ) Tj ET Q q 0 0 0 rg BT 288.83 615.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 325.79 615.60 Td (made ) Tj ET Q q 0 0 0 rg BT 344.97 615.60 Td (by ) Tj ET Q q 0 0 0 rg BT 354.82 615.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 365.79 615.60 Td (although ) Tj ET Q q 0 0 0 rg BT 395.64 615.60 Td (we ) Tj ET Q q 0 0 0 rg BT 406.83 615.60 Td (do ) Tj ET Q q 0 0 0 rg BT 416.68 615.60 Td (not ) Tj ET Q q 0 0 0 rg BT 428.76 615.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 453.71 615.60 Td (we ) Tj ET Q q 0 0 0 rg BT 464.90 615.60 Td (have ) Tj ET Q q 0 0 0 rg BT 481.85 615.60 Td (any ) Tj ET Q q 0 0 0 rg BT 495.26 615.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 522.00 615.60 Td (connected ) Tj ET Q q 0 0 0 rg BT 556.28 615.60 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 606.00 Td (this ) Tj ET Q q 0 0 0 rg BT 62.99 606.00 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 102.01 606.00 Td (In ) Tj ET Q q 0 0 0 rg BT 110.60 606.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 140.75 606.00 Td (in ) Tj ET Q q 0 0 0 rg BT 148.90 606.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 168.83 606.00 Td (the ) Tj ET Q q 0 0 0 rg BT 180.53 606.00 Td (prosecuting ) Tj ET Q q 0 0 0 rg BT 219.78 606.00 Td (authorities ) Tj ET Q q 0 0 0 rg BT 255.48 606.00 Td (in ) Tj ET Q q 0 0 0 rg BT 263.63 606.00 Td (Romania ) Tj ET Q q 0 0 0 rg BT 294.44 606.00 Td (requested ) Tj ET Q q 0 0 0 rg BT 327.02 606.00 Td (information ) Tj ET Q q 0 0 0 rg BT 366.72 606.00 Td (in ) Tj ET Q q 0 0 0 rg BT 374.87 606.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 399.45 606.00 Td (of ) Tj ET Q q 0 0 0 rg BT 408.04 606.00 Td (an ) Tj ET Q q 0 0 0 rg BT 417.52 606.00 Td (investigation ) Tj ET Q q 0 0 0 rg BT 460.77 606.00 Td (into ) Tj ET Q q 0 0 0 rg BT 475.15 606.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 498.84 606.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 538.97 606.00 Td (entered ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 596.40 Td (into ) Tj ET Q q 0 0 0 rg BT 64.45 596.40 Td (by ) Tj ET Q q 0 0 0 rg BT 74.95 596.40 Td (Pro ) Tj ET Q q 0 0 0 rg BT 88.38 596.40 Td (TV) Tj ET Q q 0 0 0 rg BT 98.90 596.40 Td ( ) Tj ET Q q 0 0 0 rg BT 101.41 596.40 Td (in ) Tj ET Q q 0 0 0 rg BT 110.13 596.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 128.63 596.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 160.90 596.40 Td (with ) Tj ET Q q 0 0 0 rg BT 177.63 596.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 201.89 596.40 Td (related ) Tj ET Q q 0 0 0 rg BT 226.16 596.40 Td (parties. ) Tj ET Q q 0 0 0 rg BT 251.80 596.40 Td (W) Tj ET Q q 0 0 0 rg BT 258.71 596.40 Td (e ) Tj ET Q q 0 0 0 rg BT 264.76 596.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 290.36 596.40 Td (that ) Tj ET Q q 0 0 0 rg BT 304.86 596.40 Td (the ) Tj ET Q q 0 0 0 rg BT 317.14 596.40 Td (transactions ) Tj ET Q q 0 0 0 rg BT 357.85 596.40 Td (under ) Tj ET Q q 0 0 0 rg BT 378.57 596.40 Td (review ) Tj ET Q q 0 0 0 rg BT 402.83 596.40 Td (are ) Tj ET Q q 0 0 0 rg BT 415.10 596.40 Td (fully ) Tj ET Q q 0 0 0 rg BT 432.71 596.40 Td (supported ) Tj ET Q q 0 0 0 rg BT 466.77 596.40 Td (and ) Tj ET Q q 0 0 0 rg BT 480.82 596.40 Td (have ) Tj ET Q q 0 0 0 rg BT 498.42 596.40 Td (cooperated ) Tj ET Q q 0 0 0 rg BT 536.01 596.40 Td (with ) Tj ET Q q 0 0 0 rg BT 552.74 596.40 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 586.80 Td (authorities ) Tj ET Q q 0 0 0 rg BT 85.74 586.80 Td (in ) Tj ET Q q 0 0 0 rg BT 94.42 586.80 Td (responding ) Tj ET Q q 0 0 0 rg BT 132.44 586.80 Td (to ) Tj ET Q q 0 0 0 rg BT 141.13 586.80 Td (the ) Tj ET Q q 0 0 0 rg BT 153.37 586.80 Td (information ) Tj ET Q q 0 0 0 rg BT 193.60 586.80 Td (request. ) Tj ET Q q 0 0 0 rg BT 221.17 586.80 Td (In ) Tj ET Q q 0 0 0 rg BT 230.30 586.80 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 262.76 586.80 Td (the ) Tj ET Q q 0 0 0 rg BT 275.00 586.80 Td (competition ) Tj ET Q q 0 0 0 rg BT 315.68 586.80 Td (law ) Tj ET Q q 0 0 0 rg BT 329.70 586.80 Td (authorities ) Tj ET Q q 0 0 0 rg BT 365.93 586.80 Td (launched ) Tj ET Q q 0 0 0 rg BT 397.28 586.80 Td (an ) Tj ET Q q 0 0 0 rg BT 407.29 586.80 Td (investigation ) Tj ET Q q 0 0 0 rg BT 451.09 586.80 Td (in ) Tj ET Q q 0 0 0 rg BT 459.77 586.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 478.24 586.80 Td (into ) Tj ET Q q 0 0 0 rg BT 493.15 586.80 Td (whether ) Tj ET Q q 0 0 0 rg BT 521.38 586.80 Td (our ) Tj ET Q q 0 0 0 rg BT 534.51 586.80 Td (Slovenia ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 577.20 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 84.09 577.20 Td (is ) Tj ET Q q 0 0 0 rg BT 91.14 577.20 Td (dominant ) Tj ET Q q 0 0 0 rg BT 123.07 577.20 Td (and ) Tj ET Q q 0 0 0 rg BT 136.32 577.20 Td (abused ) Tj ET Q q 0 0 0 rg BT 160.25 577.20 Td (its ) Tj ET Q q 0 0 0 rg BT 169.51 577.20 Td (dominant ) Tj ET Q q 0 0 0 rg BT 201.44 577.20 Td (position ) Tj ET Q q 0 0 0 rg BT 228.93 577.20 Td (when ) Tj ET Q q 0 0 0 rg BT 247.97 577.20 Td (concluding ) Tj ET Q q 0 0 0 rg BT 285.22 577.20 Td (carriage ) Tj ET Q q 0 0 0 rg BT 312.68 577.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 324.16 577.20 Td (agreements ) Tj ET Q q 0 0 0 rg BT 362.29 577.20 Td (with ) Tj ET Q q 0 0 0 rg BT 378.22 577.20 Td (platform ) Tj ET Q q 0 0 0 rg BT 407.48 577.20 Td (operators ) Tj ET Q q 0 0 0 rg BT 438.95 577.20 Td (in ) Tj ET Q q 0 0 0 rg BT 446.88 577.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 483.69 577.20 Td (with ) Tj ET Q q 0 0 0 rg BT 499.62 577.20 Td (its ) Tj ET Q q 0 0 0 rg BT 508.88 577.20 Td (decision ) Tj ET Q q 0 0 0 rg BT 537.25 577.20 Td (to ) Tj ET Q q 0 0 0 rg BT 545.18 577.20 Td (cease ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 567.60 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 92.59 567.60 Td (on ) Tj ET Q q 0 0 0 rg BT 102.81 567.60 Td (DTT) Tj ET Q q 0 0 0 rg BT 118.21 567.60 Td ( ) Tj ET Q q 0 0 0 rg BT 120.43 567.60 Td (there. ) Tj ET Q q 0 0 0 rg BT 140.47 567.60 Td (T) Tj ET Q q 0 0 0 rg BT 144.80 567.60 Td (o ) Tj ET Q q 0 0 0 rg BT 151.02 567.60 Td (date ) Tj ET Q q 0 0 0 rg BT 166.56 567.60 Td (there ) Tj ET Q q 0 0 0 rg BT 184.76 567.60 Td (has ) Tj ET Q q 0 0 0 rg BT 197.64 567.60 Td (been ) Tj ET Q q 0 0 0 rg BT 214.96 567.60 Td (no ) Tj ET Q q 0 0 0 rg BT 225.17 567.60 Td (determination ) Tj ET Q q 0 0 0 rg BT 271.82 567.60 Td (that ) Tj ET Q q 0 0 0 rg BT 286.03 567.60 Td (a ) Tj ET Q q 0 0 0 rg BT 291.80 567.60 Td (breach ) Tj ET Q q 0 0 0 rg BT 315.33 567.60 Td (of ) Tj ET Q q 0 0 0 rg BT 324.21 567.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 364.64 567.60 Td (has ) Tj ET Q q 0 0 0 rg BT 377.52 567.60 Td (occurred. ) Tj ET Q q 0 0 0 rg BT 409.72 567.60 Td (If ) Tj ET Q q 0 0 0 rg BT 417.26 567.60 Td (these ) Tj ET Q q 0 0 0 rg BT 435.91 567.60 Td (or ) Tj ET Q q 0 0 0 rg BT 444.79 567.60 Td (other ) Tj ET Q q 0 0 0 rg BT 463.45 567.60 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 509.65 567.60 Td (result ) Tj ET Q q 0 0 0 rg BT 529.64 567.60 Td (in ) Tj ET Q q 0 0 0 rg BT 538.08 567.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 555.84 567.60 Td (or ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 558.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 84.29 558.00 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 124.87 558.00 Td (being ) Tj ET Q q 0 0 0 rg BT 144.56 558.00 Td (initiated ) Tj ET Q q 0 0 0 rg BT 172.69 558.00 Td (against ) Tj ET Q q 0 0 0 rg BT 197.27 558.00 Td (us, ) Tj ET Q q 0 0 0 rg BT 208.30 558.00 Td (or ) Tj ET Q q 0 0 0 rg BT 216.89 558.00 Td (if ) Tj ET Q q 0 0 0 rg BT 223.69 558.00 Td (developments ) Tj ET Q q 0 0 0 rg BT 270.04 558.00 Td (occur ) Tj ET Q q 0 0 0 rg BT 289.73 558.00 Td (in ) Tj ET Q q 0 0 0 rg BT 297.87 558.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 322.44 558.00 Td (of ) Tj ET Q q 0 0 0 rg BT 331.02 558.00 Td (our ) Tj ET Q q 0 0 0 rg BT 343.61 558.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 382.40 558.00 Td (with ) Tj ET Q q 0 0 0 rg BT 398.54 558.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 425.79 558.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 442.37 558.00 Td (or ) Tj ET Q q 0 0 0 rg BT 450.96 558.00 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 490.42 558.00 Td (or ) Tj ET Q q 0 0 0 rg BT 499.00 558.00 Td (there ) Tj ET Q q 0 0 0 rg BT 516.91 558.00 Td (are ) Tj ET Q q 0 0 0 rg BT 528.60 558.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 556.28 558.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 548.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.04 548.40 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 105.91 548.40 Td (or ) Tj ET Q q 0 0 0 rg BT 114.34 548.40 Td (application ) Tj ET Q q 0 0 0 rg BT 151.66 548.40 Td (of ) Tj ET Q q 0 0 0 rg BT 160.09 548.40 Td (such ) Tj ET Q q 0 0 0 rg BT 176.53 548.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 192.96 548.40 Td (or ) Tj ET Q q 0 0 0 rg BT 201.39 548.40 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 240.71 548.40 Td (we ) Tj ET Q q 0 0 0 rg BT 251.81 548.40 Td (may ) Tj ET Q q 0 0 0 rg BT 267.35 548.40 Td (incur ) Tj ET Q q 0 0 0 rg BT 285.56 548.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 321.55 548.40 Td (costs, ) Tj ET Q q 0 0 0 rg BT 341.32 548.40 Td (be ) Tj ET Q q 0 0 0 rg BT 350.64 548.40 Td (required ) Tj ET Q q 0 0 0 rg BT 379.07 548.40 Td (to ) Tj ET Q q 0 0 0 rg BT 387.06 548.40 Td (change ) Tj ET Q q 0 0 0 rg BT 411.48 548.40 Td (our ) Tj ET Q q 0 0 0 rg BT 423.92 548.40 Td (business ) Tj ET Q q 0 0 0 rg BT 452.80 548.40 Td (practices ) Tj ET Q q 0 0 0 rg BT 483.00 548.40 Td (\(including ) Tj ET Q q 0 0 0 rg BT 517.65 548.40 Td (on ) Tj ET Q q 0 0 0 rg BT 527.42 548.40 Td (what ) Tj ET Q q 0 0 0 rg BT 544.74 548.40 Td (terms ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 538.80 Td (and ) Tj ET Q q 0 0 0 rg BT 62.70 538.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 97.69 538.80 Td (we ) Tj ET Q q 0 0 0 rg BT 108.67 538.80 Td (of) Tj ET Q q 0 0 0 rg BT 115.18 538.80 Td (fer ) Tj ET Q q 0 0 0 rg BT 125.71 538.80 Td (our ) Tj ET Q q 0 0 0 rg BT 138.03 538.80 Td (channels ) Tj ET Q q 0 0 0 rg BT 167.67 538.80 Td (under ) Tj ET Q q 0 0 0 rg BT 187.54 538.80 Td (carriage ) Tj ET Q q 0 0 0 rg BT 214.94 538.80 Td (agreements\), ) Tj ET Q q 0 0 0 rg BT 257.68 538.80 Td (our ) Tj ET Q q 0 0 0 rg BT 270.00 538.80 Td (reputation ) Tj ET Q q 0 0 0 rg BT 304.08 538.80 Td (may ) Tj ET Q q 0 0 0 rg BT 319.51 538.80 Td (be ) Tj ET Q q 0 0 0 rg BT 328.71 538.80 Td (damaged ) Tj ET Q q 0 0 0 rg BT 359.24 538.80 Td (or ) Tj ET Q q 0 0 0 rg BT 367.55 538.80 Td (we ) Tj ET Q q 0 0 0 rg BT 378.53 538.80 Td (may ) Tj ET Q q 0 0 0 rg BT 393.96 538.80 Td (be ) Tj ET Q q 0 0 0 rg BT 403.16 538.80 Td (exposed ) Tj ET Q q 0 0 0 rg BT 431.02 538.80 Td (to ) Tj ET Q q 0 0 0 rg BT 438.90 538.80 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 483.64 538.80 Td (civil ) Tj ET Q q 0 0 0 rg BT 499.51 538.80 Td (or ) Tj ET Q q 0 0 0 rg BT 507.83 538.80 Td (criminal ) Tj ET Q q 0 0 0 rg BT 536.14 538.80 Td (liability) Tj ET Q q 0 0 0 rg BT 560.50 538.80 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 529.20 Td (including ) Tj ET Q q 0 0 0 rg BT 81.64 529.20 Td (fines ) Tj ET Q q 0 0 0 rg BT 99.11 529.20 Td (and ) Tj ET Q q 0 0 0 rg BT 112.58 529.20 Td (other ) Tj ET Q q 0 0 0 rg BT 130.94 529.20 Td (penalties ) Tj ET Q q 0 0 0 rg BT 161.30 529.20 Td (that ) Tj ET Q q 0 0 0 rg BT 175.21 529.20 Td (may ) Tj ET Q q 0 0 0 rg BT 190.91 529.20 Td (be ) Tj ET Q q 0 0 0 rg BT 200.38 529.20 Td (substantial. ) Tj ET Q q 0 0 0 rg BT 238.38 529.20 Td (This ) Tj ET Q q 0 0 0 rg BT 254.52 529.20 Td (could ) Tj ET Q q 0 0 0 rg BT 274.22 529.20 Td (have ) Tj ET Q q 0 0 0 rg BT 291.24 529.20 Td (a ) Tj ET Q q 0 0 0 rg BT 296.71 529.20 Td (material ) Tj ET Q q 0 0 0 rg BT 324.84 529.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 351.19 529.20 Td (ef) Tj ET Q q 0 0 0 rg BT 357.26 529.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 371.17 529.20 Td (on ) Tj ET Q q 0 0 0 rg BT 381.09 529.20 Td (our ) Tj ET Q q 0 0 0 rg BT 393.68 529.20 Td (business, ) Tj ET Q q 0 0 0 rg BT 424.71 529.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 454.62 529.20 Td (position, ) Tj ET Q q 0 0 0 rg BT 484.32 529.20 Td (results ) Tj ET Q q 0 0 0 rg BT 507.13 529.20 Td (of ) Tj ET Q q 0 0 0 rg BT 515.71 529.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 550.96 529.20 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 519.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 65.71 519.60 Td (flows.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 504.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 65.23 504.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 102.29 504.00 Td (are ) Tj ET Q q 0 0 0 rg BT 115.34 504.00 Td (in ) Tj ET Q q 0 0 0 rg BT 124.40 504.00 Td (developing ) Tj ET Q q 0 0 0 rg BT 162.33 504.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 190.94 504.00 Td (where ) Tj ET Q q 0 0 0 rg BT 213.33 504.00 Td (there ) Tj ET Q q 0 0 0 rg BT 232.61 504.00 Td (are ) Tj ET Q q 0 0 0 rg BT 245.66 504.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 281.38 504.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 299.33 504.00 Td (related ) Tj ET Q q 0 0 0 rg BT 324.38 504.00 Td (to ) Tj ET Q q 0 0 0 rg BT 332.99 504.00 Td (political ) Tj ET Q q 0 0 0 rg BT 362.04 504.00 Td (and ) Tj ET Q q 0 0 0 rg BT 376.88 504.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 410.82 504.00 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 448.30 504.00 Td (, ) Tj ET Q q 0 0 0 rg BT 452.69 504.00 Td (biased ) Tj ET Q q 0 0 0 rg BT 475.96 504.00 Td (treatment ) Tj ET Q q 0 0 0 rg BT 509.91 504.00 Td (and ) Tj ET Q q 0 0 0 rg BT 524.74 504.00 Td (compliance ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 494.40 Td (with ) Tj ET Q q 0 0 0 rg BT 65.73 494.40 Td (evolving ) Tj ET Q q 0 0 0 rg BT 95.28 494.40 Td (legal ) Tj ET Q q 0 0 0 rg BT 113.27 494.40 Td (and ) Tj ET Q q 0 0 0 rg BT 127.72 494.40 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 163.95 494.40 Td (systems.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 478.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.06 478.80 Td (revenue-generating ) Tj ET Q q 0 0 0 rg BT 127.92 478.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 163.36 478.80 Td (are ) Tj ET Q q 0 0 0 rg BT 175.24 478.80 Td (located ) Tj ET Q q 0 0 0 rg BT 200.46 478.80 Td (in ) Tj ET Q q 0 0 0 rg BT 208.80 478.80 Td (Central ) Tj ET Q q 0 0 0 rg BT 234.46 478.80 Td (and ) Tj ET Q q 0 0 0 rg BT 248.13 478.80 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 274.23 478.80 Td (Europe ) Tj ET Q q 0 0 0 rg BT 299.45 478.80 Td (and ) Tj ET Q q 0 0 0 rg BT 313.12 478.80 Td (we ) Tj ET Q q 0 0 0 rg BT 324.57 478.80 Td (may ) Tj ET Q q 0 0 0 rg BT 340.46 478.80 Td (be ) Tj ET Q q 0 0 0 rg BT 350.13 478.80 Td (significantly ) Tj ET Q q 0 0 0 rg BT 392.23 478.80 Td (af) Tj ET Q q 0 0 0 rg BT 398.30 478.80 Td (fected ) Tj ET Q q 0 0 0 rg BT 419.96 478.80 Td (by ) Tj ET Q q 0 0 0 rg BT 430.08 478.80 Td (risks ) Tj ET Q q 0 0 0 rg BT 447.31 478.80 Td (that ) Tj ET Q q 0 0 0 rg BT 461.42 478.80 Td (may ) Tj ET Q q 0 0 0 rg BT 477.31 478.80 Td (be ) Tj ET Q q 0 0 0 rg BT 486.98 478.80 Td (dif) Tj ET Q q 0 0 0 rg BT 495.72 478.80 Td (ferent ) Tj ET Q q 0 0 0 rg BT 516.49 478.80 Td (to ) Tj ET Q q 0 0 0 rg BT 524.83 478.80 Td (those ) Tj ET Q q 0 0 0 rg BT 543.84 478.80 Td (posed ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 469.20 Td (by ) Tj ET Q q 0 0 0 rg BT 59.83 469.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 100.37 469.20 Td (in ) Tj ET Q q 0 0 0 rg BT 108.92 469.20 Td (more ) Tj ET Q q 0 0 0 rg BT 127.68 469.20 Td (developed ) Tj ET Q q 0 0 0 rg BT 162.88 469.20 Td (markets. ) Tj ET Q q 0 0 0 rg BT 192.36 469.20 Td (These ) Tj ET Q q 0 0 0 rg BT 213.79 469.20 Td (risks ) Tj ET Q q 0 0 0 rg BT 231.23 469.20 Td (include, ) Tj ET Q q 0 0 0 rg BT 259.10 469.20 Td (but ) Tj ET Q q 0 0 0 rg BT 271.65 469.20 Td (are ) Tj ET Q q 0 0 0 rg BT 283.74 469.20 Td (not ) Tj ET Q q 0 0 0 rg BT 296.29 469.20 Td (limited ) Tj ET Q q 0 0 0 rg BT 321.27 469.20 Td (to, ) Tj ET Q q 0 0 0 rg BT 331.82 469.20 Td (social ) Tj ET Q q 0 0 0 rg BT 352.81 469.20 Td (and ) Tj ET Q q 0 0 0 rg BT 366.68 469.20 Td (political ) Tj ET Q q 0 0 0 rg BT 395.22 469.20 Td (instability) Tj ET Q q 0 0 0 rg BT 426.70 469.20 Td (, ) Tj ET Q q 0 0 0 rg BT 431.03 469.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 459.12 469.20 Td (in ) Tj ET Q q 0 0 0 rg BT 467.67 469.20 Td (local ) Tj ET Q q 0 0 0 rg BT 485.54 469.20 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 520.74 469.20 Td (requirements ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 459.60 Td (including ) Tj ET Q q 0 0 0 rg BT 81.37 459.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 118.57 459.60 Td (on ) Tj ET Q q 0 0 0 rg BT 128.23 459.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 152.98 459.60 Td (ownership, ) Tj ET Q q 0 0 0 rg BT 189.96 459.60 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 229.83 459.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 264.36 459.60 Td (or ) Tj ET Q q 0 0 0 rg BT 272.68 459.60 Td (judicial ) Tj ET Q q 0 0 0 rg BT 298.33 459.60 Td (practice, ) Tj ET Q q 0 0 0 rg BT 327.29 459.60 Td (corruption ) Tj ET Q q 0 0 0 rg BT 362.27 459.60 Td (and ) Tj ET Q q 0 0 0 rg BT 375.47 459.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 407.33 459.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 425.42 459.60 Td (and ) Tj ET Q q 0 0 0 rg BT 438.62 459.60 Td (other ) Tj ET Q q 0 0 0 rg BT 456.71 459.60 Td (costs. ) Tj ET Q q 0 0 0 rg BT 476.25 459.60 Td (The ) Tj ET Q q 0 0 0 rg BT 490.34 459.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 523.09 459.60 Td (and ) Tj ET Q q 0 0 0 rg BT 536.29 459.60 Td (political ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 450.00 Td (systems, ) Tj ET Q q 0 0 0 rg BT 79.30 450.00 Td (legal ) Tj ET Q q 0 0 0 rg BT 97.32 450.00 Td (and ) Tj ET Q q 0 0 0 rg BT 111.34 450.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 123.58 450.00 Td (regimes, ) Tj ET Q q 0 0 0 rg BT 153.37 450.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 188.71 450.00 Td (practices, ) Tj ET Q q 0 0 0 rg BT 221.61 450.00 Td (standards ) Tj ET Q q 0 0 0 rg BT 254.29 450.00 Td (of ) Tj ET Q q 0 0 0 rg BT 263.42 450.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 296.09 450.00 Td (governance ) Tj ET Q q 0 0 0 rg BT 335.43 450.00 Td (and ) Tj ET Q q 0 0 0 rg BT 349.45 450.00 Td (business ) Tj ET Q q 0 0 0 rg BT 379.03 450.00 Td (practices ) Tj ET Q q 0 0 0 rg BT 409.92 450.00 Td (of ) Tj ET Q q 0 0 0 rg BT 419.05 450.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 450.84 450.00 Td (in ) Tj ET Q q 0 0 0 rg BT 459.53 450.00 Td (this ) Tj ET Q q 0 0 0 rg BT 473.56 450.00 Td (region ) Tj ET Q q 0 0 0 rg BT 496.47 450.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 526.48 450.00 Td (to ) Tj ET Q q 0 0 0 rg BT 535.17 450.00 Td (develop. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 440.40 Td (Policies ) Tj ET Q q 0 0 0 rg BT 76.58 440.40 Td (and ) Tj ET Q q 0 0 0 rg BT 89.88 440.40 Td (practices ) Tj ET Q q 0 0 0 rg BT 120.06 440.40 Td (may ) Tj ET Q q 0 0 0 rg BT 135.59 440.40 Td (be ) Tj ET Q q 0 0 0 rg BT 144.89 440.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 169.30 440.40 Td (to ) Tj ET Q q 0 0 0 rg BT 177.27 440.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 212.79 440.40 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 254.76 440.40 Td (including ) Tj ET Q q 0 0 0 rg BT 286.73 440.40 Td (following ) Tj ET Q q 0 0 0 rg BT 319.59 440.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 347.11 440.40 Td (in ) Tj ET Q q 0 0 0 rg BT 355.08 440.40 Td (political ) Tj ET Q q 0 0 0 rg BT 383.05 440.40 Td (leadership, ) Tj ET Q q 0 0 0 rg BT 419.67 440.40 Td (as ) Tj ET Q q 0 0 0 rg BT 428.09 440.40 Td (well ) Tj ET Q q 0 0 0 rg BT 443.61 440.40 Td (as ) Tj ET Q q 0 0 0 rg BT 452.03 440.40 Td (to ) Tj ET Q q 0 0 0 rg BT 460.00 440.40 Td (the ) Tj ET Q q 0 0 0 rg BT 471.53 440.40 Td (influence ) Tj ET Q q 0 0 0 rg BT 503.04 440.40 Td (of ) Tj ET Q q 0 0 0 rg BT 511.46 440.40 Td (commercial ) Tj ET Q q 0 0 0 rg BT 550.96 440.40 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 430.80 Td (governmental ) Tj ET Q q 0 0 0 rg BT 95.23 430.80 Td (actors. ) Tj ET Q q 0 0 0 rg BT 117.95 430.80 Td (This ) Tj ET Q q 0 0 0 rg BT 133.92 430.80 Td (may ) Tj ET Q q 0 0 0 rg BT 149.44 430.80 Td (result ) Tj ET Q q 0 0 0 rg BT 168.96 430.80 Td (in ) Tj ET Q q 0 0 0 rg BT 176.93 430.80 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 216.89 430.80 Td (application ) Tj ET Q q 0 0 0 rg BT 254.18 430.80 Td (of ) Tj ET Q q 0 0 0 rg BT 262.59 430.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 274.11 430.80 Td (and ) Tj ET Q q 0 0 0 rg BT 287.41 430.80 Td (legal ) Tj ET Q q 0 0 0 rg BT 304.70 430.80 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 344.00 430.80 Td (arbitrary ) Tj ET Q q 0 0 0 rg BT 373.28 430.80 Td (or ) Tj ET Q q 0 0 0 rg BT 381.69 430.80 Td (biased ) Tj ET Q q 0 0 0 rg BT 403.87 430.80 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 437.83 430.80 Td (and ) Tj ET Q q 0 0 0 rg BT 451.12 430.80 Td (other ) Tj ET Q q 0 0 0 rg BT 469.31 430.80 Td (general ) Tj ET Q q 0 0 0 rg BT 494.59 430.80 Td (business ) Tj ET Q q 0 0 0 rg BT 523.45 430.80 Td (risks ) Tj ET Q q 0 0 0 rg BT 540.31 430.80 Td (as ) Tj ET Q q 0 0 0 rg BT 548.72 430.80 Td (well ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 421.20 Td (as ) Tj ET Q q 0 0 0 rg BT 58.23 421.20 Td (social ) Tj ET Q q 0 0 0 rg BT 78.96 421.20 Td (or ) Tj ET Q q 0 0 0 rg BT 87.69 421.20 Td (political ) Tj ET Q q 0 0 0 rg BT 115.97 421.20 Td (instability ) Tj ET Q q 0 0 0 rg BT 150.04 421.20 Td (or ) Tj ET Q q 0 0 0 rg BT 158.77 421.20 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 196.40 421.20 Td (and ) Tj ET Q q 0 0 0 rg BT 210.02 421.20 Td (the ) Tj ET Q q 0 0 0 rg BT 221.86 421.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 251.92 421.20 Td (for ) Tj ET Q q 0 0 0 rg BT 263.31 421.20 Td (political ) Tj ET Q q 0 0 0 rg BT 291.59 421.20 Td (influence ) Tj ET Q q 0 0 0 rg BT 323.42 421.20 Td (on ) Tj ET Q q 0 0 0 rg BT 333.49 421.20 Td (the ) Tj ET Q q 0 0 0 rg BT 345.33 421.20 Td (media. ) Tj ET Q q 0 0 0 rg BT 368.80 421.20 Td (The ) Tj ET Q q 0 0 0 rg BT 383.30 421.20 Td (relative ) Tj ET Q q 0 0 0 rg BT 409.35 421.20 Td (level ) Tj ET Q q 0 0 0 rg BT 426.97 421.20 Td (of ) Tj ET Q q 0 0 0 rg BT 435.70 421.20 Td (development ) Tj ET Q q 0 0 0 rg BT 479.09 421.20 Td (of ) Tj ET Q q 0 0 0 rg BT 487.82 421.20 Td (our ) Tj ET Q q 0 0 0 rg BT 500.55 421.20 Td (markets, ) Tj ET Q q 0 0 0 rg BT 529.94 421.20 Td (the ) Tj ET Q q 0 0 0 rg BT 541.78 421.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 555.85 421.20 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 411.60 Td (corruption, ) Tj ET Q q 0 0 0 rg BT 86.75 411.60 Td (and ) Tj ET Q q 0 0 0 rg BT 100.23 411.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.94 411.60 Td (influence ) Tj ET Q q 0 0 0 rg BT 143.63 411.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.22 411.60 Td (local ) Tj ET Q q 0 0 0 rg BT 169.70 411.60 Td (commercial ) Tj ET Q q 0 0 0 rg BT 209.39 411.60 Td (and ) Tj ET Q q 0 0 0 rg BT 222.87 411.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 268.78 411.60 Td (actors ) Tj ET Q q 0 0 0 rg BT 289.81 411.60 Td (also ) Tj ET Q q 0 0 0 rg BT 304.63 411.60 Td (present ) Tj ET Q q 0 0 0 rg BT 329.66 411.60 Td (a ) Tj ET Q q 0 0 0 rg BT 335.14 411.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 365.06 411.60 Td (for ) Tj ET Q q 0 0 0 rg BT 376.32 411.60 Td (biased ) Tj ET Q q 0 0 0 rg BT 398.69 411.60 Td (or ) Tj ET Q q 0 0 0 rg BT 407.28 411.60 Td (unfair ) Tj ET Q q 0 0 0 rg BT 428.31 411.60 Td (treatment ) Tj ET Q q 0 0 0 rg BT 460.45 411.60 Td (of ) Tj ET Q q 0 0 0 rg BT 469.04 411.60 Td (us ) Tj ET Q q 0 0 0 rg BT 478.09 411.60 Td (before ) Tj ET Q q 0 0 0 rg BT 500.45 411.60 Td (regulators ) Tj ET Q q 0 0 0 rg BT 534.36 411.60 Td (or ) Tj ET Q q 0 0 0 rg BT 542.96 411.60 Td (courts ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 402.00 Td (in ) Tj ET Q q 0 0 0 rg BT 57.38 402.00 Td (the ) Tj ET Q q 0 0 0 rg BT 68.80 402.00 Td (event ) Tj ET Q q 0 0 0 rg BT 87.78 402.00 Td (of ) Tj ET Q q 0 0 0 rg BT 96.09 402.00 Td (disputes. ) Tj ET Q q 0 0 0 rg BT 125.97 402.00 Td (If ) Tj ET Q q 0 0 0 rg BT 132.95 402.00 Td (such ) Tj ET Q q 0 0 0 rg BT 149.27 402.00 Td (a ) Tj ET Q q 0 0 0 rg BT 154.47 402.00 Td (dispute ) Tj ET Q q 0 0 0 rg BT 179.23 402.00 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 203.76 402.00 Td (those ) Tj ET Q q 0 0 0 rg BT 222.30 402.00 Td (regulators ) Tj ET Q q 0 0 0 rg BT 255.94 402.00 Td (or ) Tj ET Q q 0 0 0 rg BT 264.26 402.00 Td (courts ) Tj ET Q q 0 0 0 rg BT 285.46 402.00 Td (may ) Tj ET Q q 0 0 0 rg BT 300.89 402.00 Td (not ) Tj ET Q q 0 0 0 rg BT 312.76 402.00 Td (act ) Tj ET Q q 0 0 0 rg BT 323.74 402.00 Td (with ) Tj ET Q q 0 0 0 rg BT 339.61 402.00 Td (integrity ) Tj ET Q q 0 0 0 rg BT 368.37 402.00 Td (or ) Tj ET Q q 0 0 0 rg BT 376.69 402.00 Td (may ) Tj ET Q q 0 0 0 rg BT 392.11 402.00 Td (favor ) Tj ET Q q 0 0 0 rg BT 410.64 402.00 Td (local ) Tj ET Q q 0 0 0 rg BT 427.84 402.00 Td (interests ) Tj ET Q q 0 0 0 rg BT 456.16 402.00 Td (over ) Tj ET Q q 0 0 0 rg BT 472.02 402.00 Td (our ) Tj ET Q q 0 0 0 rg BT 484.34 402.00 Td (interests. ) Tj ET Q q 0 0 0 rg BT 514.65 402.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 534.52 402.00 Td (potential ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 392.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 66.98 392.40 Td (inherent ) Tj ET Q q 0 0 0 rg BT 95.55 392.40 Td (in ) Tj ET Q q 0 0 0 rg BT 104.13 392.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 131.82 392.40 Td (with ) Tj ET Q q 0 0 0 rg BT 148.41 392.40 Td (evolving ) Tj ET Q q 0 0 0 rg BT 178.76 392.40 Td (economic ) Tj ET Q q 0 0 0 rg BT 212.22 392.40 Td (and ) Tj ET Q q 0 0 0 rg BT 226.14 392.40 Td (political ) Tj ET Q q 0 0 0 rg BT 254.71 392.40 Td (environments ) Tj ET Q q 0 0 0 rg BT 300.62 392.40 Td (include ) Tj ET Q q 0 0 0 rg BT 326.53 392.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 359.10 392.40 Td (controls, ) Tj ET Q q 0 0 0 rg BT 389.23 392.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 412.03 392.40 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 432.83 392.40 Td (tarif) Tj ET Q q 0 0 0 rg BT 446.01 392.40 Td (fs ) Tj ET Q q 0 0 0 rg BT 454.15 392.40 Td (and ) Tj ET Q q 0 0 0 rg BT 468.07 392.40 Td (other ) Tj ET Q q 0 0 0 rg BT 486.87 392.40 Td (levies ) Tj ET Q q 0 0 0 rg BT 507.89 392.40 Td (as ) Tj ET Q q 0 0 0 rg BT 516.91 392.40 Td (well ) Tj ET Q q 0 0 0 rg BT 533.05 392.40 Td (as ) Tj ET Q q 0 0 0 rg BT 542.08 392.40 Td (longer ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 382.80 Td (payment ) Tj ET Q q 0 0 0 rg BT 78.82 382.80 Td (cycles. ) Tj ET Q q 0 0 0 rg BT 102.58 382.80 Td (Ultimately) Tj ET Q q 0 0 0 rg BT 136.28 382.80 Td (, ) Tj ET Q q 0 0 0 rg BT 140.05 382.80 Td (the ) Tj ET Q q 0 0 0 rg BT 151.60 382.80 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 188.46 382.80 Td (of ) Tj ET Q q 0 0 0 rg BT 196.90 382.80 Td (any ) Tj ET Q q 0 0 0 rg BT 210.22 382.80 Td (of ) Tj ET Q q 0 0 0 rg BT 218.66 382.80 Td (these ) Tj ET Q q 0 0 0 rg BT 236.87 382.80 Td (could ) Tj ET Q q 0 0 0 rg BT 256.42 382.80 Td (have ) Tj ET Q q 0 0 0 rg BT 273.30 382.80 Td (a ) Tj ET Q q 0 0 0 rg BT 278.62 382.80 Td (material ) Tj ET Q q 0 0 0 rg BT 306.60 382.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 332.81 382.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 356.35 382.80 Td (on ) Tj ET Q q 0 0 0 rg BT 366.13 382.80 Td (our ) Tj ET Q q 0 0 0 rg BT 378.56 382.80 Td (business, ) Tj ET Q q 0 0 0 rg BT 409.45 382.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 439.21 382.80 Td (position, ) Tj ET Q q 0 0 0 rg BT 468.77 382.80 Td (results ) Tj ET Q q 0 0 0 rg BT 491.43 382.80 Td (of ) Tj ET Q q 0 0 0 rg BT 499.87 382.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 534.96 382.80 Td (and ) Tj ET Q q 0 0 0 rg BT 548.29 382.80 Td (cash ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 373.20 Td (flows.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 357.60 Td (Piracy ) Tj ET Q q 0 0 0 rg BT 72.82 357.60 Td (of ) Tj ET Q q 0 0 0 rg BT 81.49 357.60 Td (our ) Tj ET Q q 0 0 0 rg BT 95.05 357.60 Td (content ) Tj ET Q q 0 0 0 rg BT 121.50 357.60 Td (may ) Tj ET Q q 0 0 0 rg BT 137.27 357.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 167.70 357.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 199.03 357.60 Td (we ) Tj ET Q q 0 0 0 rg BT 209.91 357.60 Td (can ) Tj ET Q q 0 0 0 rg BT 223.91 357.60 Td (earn ) Tj ET Q q 0 0 0 rg BT 241.03 357.60 Td (from ) Tj ET Q q 0 0 0 rg BT 259.03 357.60 Td (our ) Tj ET Q q 0 0 0 rg BT 272.59 357.60 Td (content ) Tj ET Q q 0 0 0 rg BT 299.04 357.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.48 357.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 346.14 357.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 370.36 357.60 Td (our ) Tj ET Q q 0 0 0 rg BT 383.92 357.60 Td (business ) Tj ET Q q 0 0 0 rg BT 413.93 357.60 Td (and ) Tj ET Q q 0 0 0 rg BT 428.38 357.60 Td (profitability) Tj ET Q q 0 0 0 rg BT 466.75 357.60 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 342.00 Td (Piracy ) Tj ET Q q 0 0 0 rg BT 71.52 342.00 Td (of ) Tj ET Q q 0 0 0 rg BT 79.76 342.00 Td (our ) Tj ET Q q 0 0 0 rg BT 92.00 342.00 Td (content ) Tj ET Q q 0 0 0 rg BT 117.13 342.00 Td (poses ) Tj ET Q q 0 0 0 rg BT 136.49 342.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 171.83 342.00 Td (challenges ) Tj ET Q q 0 0 0 rg BT 207.17 342.00 Td (in ) Tj ET Q q 0 0 0 rg BT 214.98 342.00 Td (our ) Tj ET Q q 0 0 0 rg BT 227.22 342.00 Td (markets. ) Tj ET Q q 0 0 0 rg BT 256.01 342.00 Td (T) Tj ET Q q 0 0 0 rg BT 260.34 342.00 Td (echnological ) Tj ET Q q 0 0 0 rg BT 302.79 342.00 Td (developments, ) Tj ET Q q 0 0 0 rg BT 350.80 342.00 Td (including ) Tj ET Q q 0 0 0 rg BT 382.60 342.00 Td (digital ) Tj ET Q q 0 0 0 rg BT 404.62 342.00 Td (copying, ) Tj ET Q q 0 0 0 rg BT 433.97 342.00 Td (file ) Tj ET Q q 0 0 0 rg BT 446.21 342.00 Td (compressing, ) Tj ET Q q 0 0 0 rg BT 490.23 342.00 Td (the ) Tj ET Q q 0 0 0 rg BT 501.58 342.00 Td (use ) Tj ET Q q 0 0 0 rg BT 513.82 342.00 Td (of ) Tj ET Q q 0 0 0 rg BT 522.07 342.00 Td (international ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 332.40 Td (proxies ) Tj ET Q q 0 0 0 rg BT 74.72 332.40 Td (and ) Tj ET Q q 0 0 0 rg BT 87.94 332.40 Td (the ) Tj ET Q q 0 0 0 rg BT 99.38 332.40 Td (growing ) Tj ET Q q 0 0 0 rg BT 127.71 332.40 Td (penetration ) Tj ET Q q 0 0 0 rg BT 165.37 332.40 Td (of ) Tj ET Q q 0 0 0 rg BT 173.70 332.40 Td (high ) Tj ET Q q 0 0 0 rg BT 189.59 332.40 Td (bandwidth ) Tj ET Q q 0 0 0 rg BT 225.04 332.40 Td (internet ) Tj ET Q q 0 0 0 rg BT 251.14 332.40 Td (connections, ) Tj ET Q q 0 0 0 rg BT 293.02 332.40 Td (have ) Tj ET Q q 0 0 0 rg BT 309.79 332.40 Td (made ) Tj ET Q q 0 0 0 rg BT 328.78 332.40 Td (it ) Tj ET Q q 0 0 0 rg BT 334.90 332.40 Td (easier ) Tj ET Q q 0 0 0 rg BT 355.22 332.40 Td (to ) Tj ET Q q 0 0 0 rg BT 363.11 332.40 Td (create, ) Tj ET Q q 0 0 0 rg BT 385.87 332.40 Td (transmit ) Tj ET Q q 0 0 0 rg BT 413.75 332.40 Td (and ) Tj ET Q q 0 0 0 rg BT 426.97 332.40 Td (distribute ) Tj ET Q q 0 0 0 rg BT 458.86 332.40 Td (high ) Tj ET Q q 0 0 0 rg BT 474.75 332.40 Td (quality ) Tj ET Q q 0 0 0 rg BT 498.64 332.40 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 542.07 332.40 Td (copies ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 322.80 Td (of ) Tj ET Q q 0 0 0 rg BT 58.70 322.80 Td (content ) Tj ET Q q 0 0 0 rg BT 84.78 322.80 Td (in ) Tj ET Q q 0 0 0 rg BT 93.53 322.80 Td (unprotected ) Tj ET Q q 0 0 0 rg BT 133.82 322.80 Td (digital ) Tj ET Q q 0 0 0 rg BT 156.80 322.80 Td (formats. ) Tj ET Q q 0 0 0 rg BT 185.77 322.80 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 230.29 322.80 Td (there ) Tj ET Q q 0 0 0 rg BT 248.81 322.80 Td (are ) Tj ET Q q 0 0 0 rg BT 261.11 322.80 Td (a ) Tj ET Q q 0 0 0 rg BT 267.19 322.80 Td (growing ) Tj ET Q q 0 0 0 rg BT 296.39 322.80 Td (number ) Tj ET Q q 0 0 0 rg BT 323.36 322.80 Td (of ) Tj ET Q q 0 0 0 rg BT 332.55 322.80 Td (video ) Tj ET Q q 0 0 0 rg BT 352.86 322.80 Td (streaming ) Tj ET Q q 0 0 0 rg BT 386.94 322.80 Td (sites, ) Tj ET Q q 0 0 0 rg BT 405.69 322.80 Td (increasing ) Tj ET Q q 0 0 0 rg BT 441.10 322.80 Td (the ) Tj ET Q q 0 0 0 rg BT 453.40 322.80 Td (risk ) Tj ET Q q 0 0 0 rg BT 467.94 322.80 Td (of ) Tj ET Q q 0 0 0 rg BT 477.13 322.80 Td (online ) Tj ET Q q 0 0 0 rg BT 499.66 322.80 Td (transmission ) Tj ET Q q 0 0 0 rg BT 542.64 322.80 Td (of ) Tj ET Q q 0 0 0 rg BT 551.83 322.80 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 313.20 Td (content ) Tj ET Q q 0 0 0 rg BT 75.59 313.20 Td (without ) Tj ET Q q 0 0 0 rg BT 102.59 313.20 Td (consent. ) Tj ET Q q 0 0 0 rg BT 131.39 313.20 Td (The ) Tj ET Q q 0 0 0 rg BT 146.37 313.20 Td (proliferation ) Tj ET Q q 0 0 0 rg BT 188.90 313.20 Td (of ) Tj ET Q q 0 0 0 rg BT 198.11 313.20 Td (such ) Tj ET Q q 0 0 0 rg BT 215.32 313.20 Td (sites ) Tj ET Q q 0 0 0 rg BT 232.09 313.20 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 275.52 313.20 Td (content ) Tj ET Q q 0 0 0 rg BT 301.61 313.20 Td (pirated ) Tj ET Q q 0 0 0 rg BT 326.37 313.20 Td (from ) Tj ET Q q 0 0 0 rg BT 344.46 313.20 Td (us ) Tj ET Q q 0 0 0 rg BT 354.12 313.20 Td (could ) Tj ET Q q 0 0 0 rg BT 374.44 313.20 Td (result ) Tj ET Q q 0 0 0 rg BT 394.77 313.20 Td (in ) Tj ET Q q 0 0 0 rg BT 403.53 313.20 Td (a ) Tj ET Q q 0 0 0 rg BT 409.63 313.20 Td (reduction ) Tj ET Q q 0 0 0 rg BT 442.39 313.20 Td (of ) Tj ET Q q 0 0 0 rg BT 451.60 313.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 482.58 313.20 Td (that ) Tj ET Q q 0 0 0 rg BT 497.12 313.20 Td (we ) Tj ET Q q 0 0 0 rg BT 509.00 313.20 Td (receive ) Tj ET Q q 0 0 0 rg BT 534.63 313.20 Td (from ) Tj ET Q q 0 0 0 rg BT 552.73 313.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 303.60 Td (legitimate ) Tj ET Q q 0 0 0 rg BT 83.41 303.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 122.23 303.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.81 303.60 Td (our ) Tj ET Q q 0 0 0 rg BT 143.40 303.60 Td (content, ) Tj ET Q q 0 0 0 rg BT 170.87 303.60 Td (including ) Tj ET Q q 0 0 0 rg BT 203.02 303.60 Td (through ) Tj ET Q q 0 0 0 rg BT 229.83 303.60 Td (video-on-demand ) Tj ET Q q 0 0 0 rg BT 288.18 303.60 Td (and ) Tj ET Q q 0 0 0 rg BT 301.65 303.60 Td (other ) Tj ET Q q 0 0 0 rg BT 320.01 303.60 Td (services. ) Tj ET Q q 0 0 0 rg BT 349.70 303.60 Td (Protection ) Tj ET Q q 0 0 0 rg BT 384.51 303.60 Td (of ) Tj ET Q q 0 0 0 rg BT 393.10 303.60 Td (our ) Tj ET Q q 0 0 0 rg BT 405.68 303.60 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 443.15 303.60 Td (property ) Tj ET Q q 0 0 0 rg BT 472.17 303.60 Td (is ) Tj ET Q q 0 0 0 rg BT 479.43 303.60 Td (in ) Tj ET Q q 0 0 0 rg BT 487.58 303.60 Td (lar) Tj ET Q q 0 0 0 rg BT 495.87 303.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 505.35 303.60 Td (part ) Tj ET Q q 0 0 0 rg BT 519.71 303.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 554.51 303.60 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 294.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.31 294.00 Td (manner ) Tj ET Q q 0 0 0 rg BT 87.33 294.00 Td (in ) Tj ET Q q 0 0 0 rg BT 95.58 294.00 Td (which ) Tj ET Q q 0 0 0 rg BT 117.17 294.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 152.07 294.00 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 189.64 294.00 Td (property ) Tj ET Q q 0 0 0 rg BT 218.78 294.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 235.48 294.00 Td (in ) Tj ET Q q 0 0 0 rg BT 243.73 294.00 Td (the ) Tj ET Q q 0 0 0 rg BT 255.54 294.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 286.90 294.00 Td (in ) Tj ET Q q 0 0 0 rg BT 295.15 294.00 Td (which ) Tj ET Q q 0 0 0 rg BT 316.74 294.00 Td (we ) Tj ET Q q 0 0 0 rg BT 328.10 294.00 Td (operate ) Tj ET Q q 0 0 0 rg BT 353.67 294.00 Td (are ) Tj ET Q q 0 0 0 rg BT 365.47 294.00 Td (construed ) Tj ET Q q 0 0 0 rg BT 398.60 294.00 Td (and ) Tj ET Q q 0 0 0 rg BT 412.19 294.00 Td (enforced. ) Tj ET Q q 0 0 0 rg BT 444.05 294.00 Td (W) Tj ET Q q 0 0 0 rg BT 450.96 294.00 Td (e ) Tj ET Q q 0 0 0 rg BT 456.55 294.00 Td (seek ) Tj ET Q q 0 0 0 rg BT 472.80 294.00 Td (to ) Tj ET Q q 0 0 0 rg BT 481.05 294.00 Td (limit ) Tj ET Q q 0 0 0 rg BT 498.20 294.00 Td (the ) Tj ET Q q 0 0 0 rg BT 510.01 294.00 Td (threat ) Tj ET Q q 0 0 0 rg BT 530.25 294.00 Td (of ) Tj ET Q q 0 0 0 rg BT 538.95 294.00 Td (content ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 284.40 Td (piracy) Tj ET Q q 0 0 0 rg BT 68.97 284.40 Td (. ) Tj ET Q q 0 0 0 rg BT 72.62 284.40 Td (However) Tj ET Q q 0 0 0 rg BT 101.62 284.40 Td (, ) Tj ET Q q 0 0 0 rg BT 105.27 284.40 Td (detecting ) Tj ET Q q 0 0 0 rg BT 136.25 284.40 Td (and ) Tj ET Q q 0 0 0 rg BT 149.45 284.40 Td (policing ) Tj ET Q q 0 0 0 rg BT 177.32 284.40 Td (the ) Tj ET Q q 0 0 0 rg BT 188.75 284.40 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 232.16 284.40 Td (use ) Tj ET Q q 0 0 0 rg BT 244.48 284.40 Td (of ) Tj ET Q q 0 0 0 rg BT 252.79 284.40 Td (our ) Tj ET Q q 0 0 0 rg BT 265.11 284.40 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 302.30 284.40 Td (property ) Tj ET Q q 0 0 0 rg BT 331.05 284.40 Td (is ) Tj ET Q q 0 0 0 rg BT 338.04 284.40 Td (often ) Tj ET Q q 0 0 0 rg BT 356.13 284.40 Td (dif) Tj ET Q q 0 0 0 rg BT 364.88 284.40 Td (ficult ) Tj ET Q q 0 0 0 rg BT 383.41 284.40 Td (and ) Tj ET Q q 0 0 0 rg BT 396.61 284.40 Td (remedies ) Tj ET Q q 0 0 0 rg BT 427.14 284.40 Td (may ) Tj ET Q q 0 0 0 rg BT 442.57 284.40 Td (be ) Tj ET Q q 0 0 0 rg BT 451.77 284.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 476.09 284.40 Td (under ) Tj ET Q q 0 0 0 rg BT 495.95 284.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 530.48 284.40 Td (law) Tj ET Q q 0 0 0 rg BT 541.51 284.40 Td (. ) Tj ET Q q 0 0 0 rg BT 545.16 284.40 Td (Steps ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 274.80 Td (we ) Tj ET Q q 0 0 0 rg BT 61.10 274.80 Td (take ) Tj ET Q q 0 0 0 rg BT 76.70 274.80 Td (may ) Tj ET Q q 0 0 0 rg BT 92.74 274.80 Td (not ) Tj ET Q q 0 0 0 rg BT 105.23 274.80 Td (prevent ) Tj ET Q q 0 0 0 rg BT 131.49 274.80 Td (the ) Tj ET Q q 0 0 0 rg BT 143.54 274.80 Td (infringement ) Tj ET Q q 0 0 0 rg BT 187.13 274.80 Td (by ) Tj ET Q q 0 0 0 rg BT 197.40 274.80 Td (third ) Tj ET Q q 0 0 0 rg BT 214.78 274.80 Td (parties. ) Tj ET Q q 0 0 0 rg BT 240.21 274.80 Td (There ) Tj ET Q q 0 0 0 rg BT 261.14 274.80 Td (can ) Tj ET Q q 0 0 0 rg BT 274.51 274.80 Td (be ) Tj ET Q q 0 0 0 rg BT 284.33 274.80 Td (no ) Tj ET Q q 0 0 0 rg BT 294.61 274.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 327.97 274.80 Td (that ) Tj ET Q q 0 0 0 rg BT 342.24 274.80 Td (our ) Tj ET Q q 0 0 0 rg BT 355.17 274.80 Td (ef) Tj ET Q q 0 0 0 rg BT 361.24 274.80 Td (forts ) Tj ET Q q 0 0 0 rg BT 378.18 274.80 Td (to ) Tj ET Q q 0 0 0 rg BT 386.67 274.80 Td (enforce ) Tj ET Q q 0 0 0 rg BT 412.93 274.80 Td (our ) Tj ET Q q 0 0 0 rg BT 425.86 274.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 446.36 274.80 Td (and ) Tj ET Q q 0 0 0 rg BT 460.18 274.80 Td (protect ) Tj ET Q q 0 0 0 rg BT 484.66 274.80 Td (our ) Tj ET Q q 0 0 0 rg BT 497.60 274.80 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 535.41 274.80 Td (property ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 265.20 Td (will ) Tj ET Q q 0 0 0 rg BT 63.95 265.20 Td (be ) Tj ET Q q 0 0 0 rg BT 73.50 265.20 Td (successful ) Tj ET Q q 0 0 0 rg BT 108.38 265.20 Td (in ) Tj ET Q q 0 0 0 rg BT 116.60 265.20 Td (preventing ) Tj ET Q q 0 0 0 rg BT 152.81 265.20 Td (piracy) Tj ET Q q 0 0 0 rg BT 172.28 265.20 Td (, ) Tj ET Q q 0 0 0 rg BT 176.28 265.20 Td (which ) Tj ET Q q 0 0 0 rg BT 197.83 265.20 Td (limits ) Tj ET Q q 0 0 0 rg BT 218.05 265.20 Td (our ) Tj ET Q q 0 0 0 rg BT 230.72 265.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 253.16 265.20 Td (to ) Tj ET Q q 0 0 0 rg BT 261.38 265.20 Td (generate ) Tj ET Q q 0 0 0 rg BT 290.47 265.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 320.90 265.20 Td (from ) Tj ET Q q 0 0 0 rg BT 338.45 265.20 Td (our ) Tj ET Q q 0 0 0 rg BT 351.12 265.20 Td (content.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 249.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.02 249.60 Td (e ) Tj ET Q q 0 0 0 rg BT 62.13 249.60 Td (rely ) Tj ET Q q 0 0 0 rg BT 77.13 249.60 Td (on ) Tj ET Q q 0 0 0 rg BT 88.14 249.60 Td (network ) Tj ET Q q 0 0 0 rg BT 117.37 249.60 Td (and ) Tj ET Q q 0 0 0 rg BT 132.38 249.60 Td (information ) Tj ET Q q 0 0 0 rg BT 174.51 249.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 201.96 249.60 Td (and ) Tj ET Q q 0 0 0 rg BT 216.96 249.60 Td (other ) Tj ET Q q 0 0 0 rg BT 236.86 249.60 Td (technology ) Tj ET Q q 0 0 0 rg BT 275.42 249.60 Td (that ) Tj ET Q q 0 0 0 rg BT 290.87 249.60 Td (may ) Tj ET Q q 0 0 0 rg BT 307.21 249.60 Td (be ) Tj ET Q q 0 0 0 rg BT 317.32 249.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 342.99 249.60 Td (to ) Tj ET Q q 0 0 0 rg BT 351.77 249.60 Td (disruption, ) Tj ET Q q 0 0 0 rg BT 390.13 249.60 Td (security ) Tj ET Q q 0 0 0 rg BT 418.46 249.60 Td (breaches ) Tj ET Q q 0 0 0 rg BT 450.35 249.60 Td (or ) Tj ET Q q 0 0 0 rg BT 460.02 249.60 Td (misuse, ) Tj ET Q q 0 0 0 rg BT 487.25 249.60 Td (which ) Tj ET Q q 0 0 0 rg BT 509.82 249.60 Td (could ) Tj ET Q q 0 0 0 rg BT 530.61 249.60 Td (harm ) Tj ET Q q 0 0 0 rg BT 550.95 249.60 Td (our ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 240.00 Td (business ) Tj ET Q q 0 0 0 rg BT 79.51 240.00 Td (or ) Tj ET Q q 0 0 0 rg BT 88.63 240.00 Td (our ) Tj ET Q q 0 0 0 rg BT 102.19 240.00 Td (reputation.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 224.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 224.40 Td (e ) Tj ET Q q 0 0 0 rg BT 62.19 224.40 Td (make ) Tj ET Q q 0 0 0 rg BT 81.75 224.40 Td (extensive ) Tj ET Q q 0 0 0 rg BT 114.19 224.40 Td (use ) Tj ET Q q 0 0 0 rg BT 127.09 224.40 Td (of ) Tj ET Q q 0 0 0 rg BT 135.99 224.40 Td (network ) Tj ET Q q 0 0 0 rg BT 164.43 224.40 Td (and ) Tj ET Q q 0 0 0 rg BT 178.22 224.40 Td (information ) Tj ET Q q 0 0 0 rg BT 218.22 224.40 Td (systems ) Tj ET Q q 0 0 0 rg BT 245.79 224.40 Td (and ) Tj ET Q q 0 0 0 rg BT 259.57 224.40 Td (other ) Tj ET Q q 0 0 0 rg BT 278.24 224.40 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 322.91 224.40 Td (including ) Tj ET Q q 0 0 0 rg BT 355.36 224.40 Td (those ) Tj ET Q q 0 0 0 rg BT 374.48 224.40 Td (related ) Tj ET Q q 0 0 0 rg BT 398.47 224.40 Td (to ) Tj ET Q q 0 0 0 rg BT 406.93 224.40 Td (our ) Tj ET Q q 0 0 0 rg BT 419.82 224.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 446.49 224.40 Td (network ) Tj ET Q q 0 0 0 rg BT 474.94 224.40 Td (management ) Tj ET Q q 0 0 0 rg BT 518.04 224.40 Td (as ) Tj ET Q q 0 0 0 rg BT 526.94 224.40 Td (well ) Tj ET Q q 0 0 0 rg BT 542.94 224.40 Td (as ) Tj ET Q q 0 0 0 rg BT 551.84 224.40 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 214.80 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 91.88 214.80 Td (operations. ) Tj ET Q q 0 0 0 rg BT 128.60 214.80 Td (These ) Tj ET Q q 0 0 0 rg BT 149.21 214.80 Td (systems ) Tj ET Q q 0 0 0 rg BT 176.06 214.80 Td (are ) Tj ET Q q 0 0 0 rg BT 187.33 214.80 Td (central ) Tj ET Q q 0 0 0 rg BT 210.60 214.80 Td (to ) Tj ET Q q 0 0 0 rg BT 218.33 214.80 Td (many ) Tj ET Q q 0 0 0 rg BT 237.61 214.80 Td (of ) Tj ET Q q 0 0 0 rg BT 245.78 214.80 Td (our ) Tj ET Q q 0 0 0 rg BT 257.95 214.80 Td (business ) Tj ET Q q 0 0 0 rg BT 286.57 214.80 Td (activities. ) Tj ET Q q 0 0 0 rg BT 318.95 214.80 Td (Network ) Tj ET Q q 0 0 0 rg BT 348.45 214.80 Td (and ) Tj ET Q q 0 0 0 rg BT 361.51 214.80 Td (information ) Tj ET Q q 0 0 0 rg BT 400.79 214.80 Td (systems-related ) Tj ET Q q 0 0 0 rg BT 452.06 214.80 Td (events, ) Tj ET Q q 0 0 0 rg BT 476.00 214.80 Td (such ) Tj ET Q q 0 0 0 rg BT 492.17 214.80 Td (as ) Tj ET Q q 0 0 0 rg BT 500.34 214.80 Td (computer ) Tj ET Q q 0 0 0 rg BT 532.06 214.80 Td (hackings, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 205.20 Td (computer ) Tj ET Q q 0 0 0 rg BT 81.19 205.20 Td (viruses, ) Tj ET Q q 0 0 0 rg BT 107.34 205.20 Td (worms ) Tj ET Q q 0 0 0 rg BT 130.60 205.20 Td (or ) Tj ET Q q 0 0 0 rg BT 138.75 205.20 Td (other ) Tj ET Q q 0 0 0 rg BT 156.67 205.20 Td (destructive ) Tj ET Q q 0 0 0 rg BT 193.25 205.20 Td (or ) Tj ET Q q 0 0 0 rg BT 201.40 205.20 Td (disruptive ) Tj ET Q q 0 0 0 rg BT 234.88 205.20 Td (software, ) Tj ET Q q 0 0 0 rg BT 265.91 205.20 Td (process ) Tj ET Q q 0 0 0 rg BT 291.38 205.20 Td (breakdowns, ) Tj ET Q q 0 0 0 rg BT 333.52 205.20 Td (malicious ) Tj ET Q q 0 0 0 rg BT 366.11 205.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 396.47 205.20 Td (or ) Tj ET Q q 0 0 0 rg BT 404.62 205.20 Td (other ) Tj ET Q q 0 0 0 rg BT 422.54 205.20 Td (security ) Tj ET Q q 0 0 0 rg BT 449.35 205.20 Td (breaches ) Tj ET Q q 0 0 0 rg BT 478.81 205.20 Td (could ) Tj ET Q q 0 0 0 rg BT 498.07 205.20 Td (result ) Tj ET Q q 0 0 0 rg BT 517.33 205.20 Td (in ) Tj ET Q q 0 0 0 rg BT 525.03 205.20 Td (a ) Tj ET Q q 0 0 0 rg BT 530.07 205.20 Td (disruption ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 195.60 Td (or ) Tj ET Q q 0 0 0 rg BT 58.07 195.60 Td (degradation ) Tj ET Q q 0 0 0 rg BT 97.73 195.60 Td (of ) Tj ET Q q 0 0 0 rg BT 106.29 195.60 Td (our ) Tj ET Q q 0 0 0 rg BT 118.86 195.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 148.53 195.60 Td (the ) Tj ET Q q 0 0 0 rg BT 160.20 195.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 174.55 195.60 Td (of ) Tj ET Q q 0 0 0 rg BT 183.12 195.60 Td (information ) Tj ET Q q 0 0 0 rg BT 222.79 195.60 Td (or ) Tj ET Q q 0 0 0 rg BT 231.35 195.60 Td (the ) Tj ET Q q 0 0 0 rg BT 243.03 195.60 Td (improper ) Tj ET Q q 0 0 0 rg BT 274.25 195.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 308.59 195.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.16 195.60 Td (personal ) Tj ET Q q 0 0 0 rg BT 346.16 195.60 Td (data. ) Tj ET Q q 0 0 0 rg BT 363.25 195.60 Td (The ) Tj ET Q q 0 0 0 rg BT 377.59 195.60 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 414.57 195.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.14 195.60 Td (any ) Tj ET Q q 0 0 0 rg BT 436.59 195.60 Td (of ) Tj ET Q q 0 0 0 rg BT 445.15 195.60 Td (these ) Tj ET Q q 0 0 0 rg BT 463.49 195.60 Td (events ) Tj ET Q q 0 0 0 rg BT 485.83 195.60 Td (could ) Tj ET Q q 0 0 0 rg BT 505.51 195.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 540.73 195.60 Td (impact ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 186.00 Td (our ) Tj ET Q q 0 0 0 rg BT 62.23 186.00 Td (business ) Tj ET Q q 0 0 0 rg BT 91.41 186.00 Td (if ) Tj ET Q q 0 0 0 rg BT 98.36 186.00 Td (we ) Tj ET Q q 0 0 0 rg BT 109.76 186.00 Td (are ) Tj ET Q q 0 0 0 rg BT 121.59 186.00 Td (required ) Tj ET Q q 0 0 0 rg BT 150.31 186.00 Td (to ) Tj ET Q q 0 0 0 rg BT 158.60 186.00 Td (expend ) Tj ET Q q 0 0 0 rg BT 183.77 186.00 Td (resources ) Tj ET Q q 0 0 0 rg BT 216.04 186.00 Td (to ) Tj ET Q q 0 0 0 rg BT 224.33 186.00 Td (remedy ) Tj ET Q q 0 0 0 rg BT 250.38 186.00 Td (such ) Tj ET Q q 0 0 0 rg BT 267.11 186.00 Td (a ) Tj ET Q q 0 0 0 rg BT 272.73 186.00 Td (security ) Tj ET Q q 0 0 0 rg BT 300.12 186.00 Td (breach ) Tj ET Q q 0 0 0 rg BT 323.50 186.00 Td (or ) Tj ET Q q 0 0 0 rg BT 332.23 186.00 Td (if ) Tj ET Q q 0 0 0 rg BT 339.19 186.00 Td (they ) Tj ET Q q 0 0 0 rg BT 355.03 186.00 Td (result ) Tj ET Q q 0 0 0 rg BT 374.87 186.00 Td (in ) Tj ET Q q 0 0 0 rg BT 383.16 186.00 Td (legal ) Tj ET Q q 0 0 0 rg BT 400.77 186.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 423.72 186.00 Td (or ) Tj ET Q q 0 0 0 rg BT 432.45 186.00 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 473.17 186.00 Td (or ) Tj ET Q q 0 0 0 rg BT 481.90 186.00 Td (our ) Tj ET Q q 0 0 0 rg BT 494.63 186.00 Td (reputation ) Tj ET Q q 0 0 0 rg BT 529.13 186.00 Td (is ) Tj ET Q q 0 0 0 rg BT 536.53 186.00 Td (harmed. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 176.40 Td (In ) Tj ET Q q 0 0 0 rg BT 58.21 176.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 88.48 176.40 Td (improper ) Tj ET Q q 0 0 0 rg BT 119.86 176.40 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 154.34 176.40 Td (of ) Tj ET Q q 0 0 0 rg BT 163.06 176.40 Td (personal ) Tj ET Q q 0 0 0 rg BT 192.21 176.40 Td (data ) Tj ET Q q 0 0 0 rg BT 207.58 176.40 Td (could ) Tj ET Q q 0 0 0 rg BT 227.41 176.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 252.12 176.40 Td (us ) Tj ET Q q 0 0 0 rg BT 261.28 176.40 Td (to ) Tj ET Q q 0 0 0 rg BT 269.55 176.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 296.49 176.40 Td (under ) Tj ET Q q 0 0 0 rg BT 316.75 176.40 Td (laws, ) Tj ET Q q 0 0 0 rg BT 335.47 176.40 Td (including ) Tj ET Q q 0 0 0 rg BT 367.74 176.40 Td (the ) Tj ET Q q 0 0 0 rg BT 379.56 176.40 Td (new ) Tj ET Q q 0 0 0 rg BT 394.94 176.40 Td (EU ) Tj ET Q q 0 0 0 rg BT 407.65 176.40 Td (General ) Tj ET Q q 0 0 0 rg BT 435.02 176.40 Td (Data ) Tj ET Q q 0 0 0 rg BT 452.17 176.40 Td (Protection ) Tj ET Q q 0 0 0 rg BT 487.10 176.40 Td (Regulation, ) Tj ET Q q 0 0 0 rg BT 526.26 176.40 Td (that ) Tj ET Q q 0 0 0 rg BT 540.30 176.40 Td (protect ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 166.80 Td (personal ) Tj ET Q q 0 0 0 rg BT 77.83 166.80 Td (data ) Tj ET Q q 0 0 0 rg BT 92.37 166.80 Td (in ) Tj ET Q q 0 0 0 rg BT 99.82 166.80 Td (the ) Tj ET Q q 0 0 0 rg BT 110.82 166.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 141.36 166.80 Td (in ) Tj ET Q q 0 0 0 rg BT 148.81 166.80 Td (which ) Tj ET Q q 0 0 0 rg BT 169.58 166.80 Td (we ) Tj ET Q q 0 0 0 rg BT 180.14 166.80 Td (operate. ) Tj ET Q q 0 0 0 rg BT 206.81 166.80 Td (The ) Tj ET Q q 0 0 0 rg BT 220.47 166.80 Td (development ) Tj ET Q q 0 0 0 rg BT 263.02 166.80 Td (and ) Tj ET Q q 0 0 0 rg BT 275.79 166.80 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 317.44 166.80 Td (of ) Tj ET Q q 0 0 0 rg BT 325.32 166.80 Td (systems ) Tj ET Q q 0 0 0 rg BT 351.88 166.80 Td (to ) Tj ET Q q 0 0 0 rg BT 359.33 166.80 Td (prevent ) Tj ET Q q 0 0 0 rg BT 384.54 166.80 Td (these ) Tj ET Q q 0 0 0 rg BT 402.20 166.80 Td (events ) Tj ET Q q 0 0 0 rg BT 423.86 166.80 Td (from ) Tj ET Q q 0 0 0 rg BT 440.64 166.80 Td (occurring ) Tj ET Q q 0 0 0 rg BT 472.51 166.80 Td (requires ) Tj ET Q q 0 0 0 rg BT 499.50 166.80 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 526.95 166.80 Td (monitoring ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 157.20 Td (and ) Tj ET Q q 0 0 0 rg BT 62.83 157.20 Td (updating ) Tj ET Q q 0 0 0 rg BT 92.60 157.20 Td (as ) Tj ET Q q 0 0 0 rg BT 101.03 157.20 Td (ef) Tj ET Q q 0 0 0 rg BT 107.10 157.20 Td (forts ) Tj ET Q q 0 0 0 rg BT 123.54 157.20 Td (to ) Tj ET Q q 0 0 0 rg BT 131.54 157.20 Td (overcome ) Tj ET Q q 0 0 0 rg BT 164.85 157.20 Td (security ) Tj ET Q q 0 0 0 rg BT 191.95 157.20 Td (measures ) Tj ET Q q 0 0 0 rg BT 223.49 157.20 Td (become ) Tj ET Q q 0 0 0 rg BT 250.14 157.20 Td (more ) Tj ET Q q 0 0 0 rg BT 268.35 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Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 708.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.11 708.00 Td (require ) Tj ET Q q 0 0 0 rg BT 86.91 708.00 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 129.93 708.00 Td (and, ) Tj ET Q q 0 0 0 rg BT 145.63 708.00 Td (in ) Tj ET Q q 0 0 0 rg BT 153.99 708.00 Td (some ) Tj ET Q q 0 0 0 rg BT 173.03 708.00 Td (cases, ) Tj ET Q q 0 0 0 rg BT 194.05 708.00 Td (other ) Tj ET Q q 0 0 0 rg BT 212.64 708.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 244.99 708.00 Td (licenses ) Tj ET Q q 0 0 0 rg BT 272.46 708.00 Td (as ) Tj ET Q q 0 0 0 rg BT 281.28 708.00 Td (well ) Tj ET Q q 0 0 0 rg BT 297.20 708.00 Td (as ) Tj ET Q q 0 0 0 rg BT 306.01 708.00 Td (other ) Tj ET Q q 0 0 0 rg BT 324.59 708.00 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 372.06 708.00 Td (from ) Tj ET Q q 0 0 0 rg BT 389.75 708.00 Td (national ) Tj ET Q q 0 0 0 rg BT 417.67 708.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 452.69 708.00 Td (authorities ) Tj ET Q q 0 0 0 rg BT 488.61 708.00 Td (in ) Tj ET Q q 0 0 0 rg BT 496.98 708.00 Td (our ) Tj ET Q q 0 0 0 rg BT 509.79 708.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 537.26 708.00 Td (in ) Tj ET Q q 0 0 0 rg BT 545.63 708.00 Td (order ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.40 Td (to ) Tj ET Q q 0 0 0 rg BT 57.42 698.40 Td (conduct ) Tj ET Q q 0 0 0 rg BT 84.44 698.40 Td (our ) Tj ET Q q 0 0 0 rg BT 96.80 698.40 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 139.38 698.40 Td (business. ) Tj ET Q q 0 0 0 rg BT 170.06 698.40 Td (While ) Tj ET Q q 0 0 0 rg BT 191.31 698.40 Td (our ) Tj ET Q q 0 0 0 rg BT 203.67 698.40 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 246.24 698.40 Td (licenses ) Tj ET Q q 0 0 0 rg BT 273.26 698.40 Td (for ) Tj ET Q q 0 0 0 rg BT 284.29 698.40 Td (our ) Tj ET Q q 0 0 0 rg BT 296.65 698.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 331.67 698.40 Td (in ) Tj ET Q q 0 0 0 rg BT 339.59 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 351.06 698.40 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 606.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.84 606.00 Td (success ) Tj ET Q q 0 0 0 rg BT 91.28 606.00 Td (depends ) Tj ET Q q 0 0 0 rg BT 119.95 606.00 Td (on ) Tj ET Q q 0 0 0 rg BT 130.39 606.00 Td (attracting ) Tj ET Q q 0 0 0 rg BT 164.40 606.00 Td (and ) Tj ET Q q 0 0 0 rg BT 178.85 606.00 Td (retaining ) Tj ET Q q 0 0 0 rg BT 211.08 606.00 Td (key ) Tj ET Q q 0 0 0 rg BT 224.18 606.00 Td (personnel.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 590.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.26 590.40 Td (success ) Tj ET Q q 0 0 0 rg BT 90.57 590.40 Td (depends ) Tj ET Q q 0 0 0 rg BT 119.11 590.40 Td (partly ) Tj ET Q q 0 0 0 rg BT 140.09 590.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 158.41 590.40 Td (the ) Tj ET Q q 0 0 0 rg BT 170.50 590.40 Td (ef) Tj ET Q q 0 0 0 rg BT 176.57 590.40 Td (forts ) Tj ET Q q 0 0 0 rg BT 193.55 590.40 Td (and ) Tj ET Q q 0 0 0 rg BT 207.42 590.40 Td (abilities ) Tj ET Q q 0 0 0 rg BT 235.07 590.40 Td (of ) Tj ET Q q 0 0 0 rg BT 244.05 590.40 Td (our ) Tj ET Q q 0 0 0 rg BT 257.04 590.40 Td (key ) Tj ET Q q 0 0 0 rg BT 270.91 590.40 Td (personnel ) Tj ET Q q 0 0 0 rg BT 304.33 590.40 Td (and ) Tj ET Q q 0 0 0 rg BT 318.20 590.40 Td (our ) Tj ET Q q 0 0 0 rg BT 331.18 590.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 353.94 590.40 Td (to ) Tj ET Q q 0 0 0 rg BT 362.48 590.40 Td (attract ) Tj ET Q q 0 0 0 rg BT 384.79 590.40 Td (and ) Tj ET Q q 0 0 0 rg BT 398.66 590.40 Td (retain ) Tj ET Q q 0 0 0 rg BT 419.19 590.40 Td (key ) Tj ET Q q 0 0 0 rg BT 433.06 590.40 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 468.48 590.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 483.24 590.40 Td (management ) Tj ET Q q 0 0 0 rg BT 526.43 590.40 Td (teams ) Tj ET Q q 0 0 0 rg BT 547.41 590.40 Td (have ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 580.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 85.54 580.80 Td (experience ) Tj ET Q q 0 0 0 rg BT 122.44 580.80 Td (in ) Tj ET Q q 0 0 0 rg BT 130.93 580.80 Td (the ) Tj ET Q q 0 0 0 rg BT 142.97 580.80 Td (media ) Tj ET Q q 0 0 0 rg BT 164.79 580.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 193.28 580.80 Td (and ) Tj ET Q q 0 0 0 rg BT 207.09 580.80 Td (have ) Tj ET Q q 0 0 0 rg BT 224.46 580.80 Td (made ) Tj ET Q q 0 0 0 rg BT 244.05 580.80 Td (important ) Tj ET Q q 0 0 0 rg BT 277.42 580.80 Td (contributions ) Tj ET Q q 0 0 0 rg BT 321.91 580.80 Td (to ) Tj ET Q q 0 0 0 rg BT 330.40 580.80 Td (our ) Tj ET Q q 0 0 0 rg BT 343.33 580.80 Td (growth ) Tj ET Q q 0 0 0 rg BT 368.26 580.80 Td (and ) Tj ET Q q 0 0 0 rg BT 382.08 580.80 Td (success. ) Tj ET Q q 0 0 0 rg BT 409.84 580.80 Td (Although ) Tj ET Q q 0 0 0 rg BT 442.32 580.80 Td (we ) Tj ET Q q 0 0 0 rg BT 453.92 580.80 Td (have ) Tj ET Q q 0 0 0 rg BT 471.29 580.80 Td (been ) Tj ET Q q 0 0 0 rg BT 488.66 580.80 Td (successful ) Tj ET Q q 0 0 0 rg BT 523.80 580.80 Td (in ) Tj ET Q q 0 0 0 rg BT 532.29 580.80 Td (attracting ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 571.20 Td (and ) Tj ET Q q 0 0 0 rg BT 63.39 571.20 Td (retaining ) Tj ET Q q 0 0 0 rg BT 94.17 571.20 Td (such ) Tj ET Q q 0 0 0 rg BT 111.17 571.20 Td (people ) Tj ET Q q 0 0 0 rg BT 134.84 571.20 Td (in ) Tj ET Q q 0 0 0 rg BT 143.40 571.20 Td (the ) Tj ET Q q 0 0 0 rg BT 155.51 571.20 Td (past, ) Tj ET Q q 0 0 0 rg BT 172.74 571.20 Td (competition ) Tj ET Q q 0 0 0 rg BT 213.30 571.20 Td (for ) Tj ET Q q 0 0 0 rg BT 224.97 571.20 Td (highly ) Tj ET Q q 0 0 0 rg BT 247.75 571.20 Td (skilled ) Tj ET Q q 0 0 0 rg BT 271.42 571.20 Td (individuals ) Tj ET Q q 0 0 0 rg BT 309.32 571.20 Td (is ) Tj ET Q q 0 0 0 rg BT 317.00 571.20 Td (intense. ) Tj ET Q q 0 0 0 rg BT 343.83 571.20 Td (There ) Tj ET Q q 0 0 0 rg BT 364.82 571.20 Td (can ) Tj ET Q q 0 0 0 rg BT 378.26 571.20 Td (be ) Tj ET Q q 0 0 0 rg BT 388.16 571.20 Td (no ) Tj ET Q q 0 0 0 rg BT 398.50 571.20 Td (assurance ) Tj ET Q q 0 0 0 rg BT 431.93 571.20 Td (that ) Tj ET Q q 0 0 0 rg BT 446.27 571.20 Td (we ) Tj ET Q q 0 0 0 rg BT 457.94 571.20 Td (will ) Tj ET Q q 0 0 0 rg BT 472.72 571.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 502.61 571.20 Td (to ) Tj ET Q q 0 0 0 rg BT 511.17 571.20 Td (be ) Tj ET Q q 0 0 0 rg BT 521.07 571.20 Td (successful ) Tj ET Q q 0 0 0 rg BT 556.29 571.20 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 561.60 Td (attracting ) Tj ET Q q 0 0 0 rg BT 81.76 561.60 Td (and ) Tj ET Q q 0 0 0 rg BT 95.37 561.60 Td (retaining ) Tj ET Q q 0 0 0 rg BT 125.86 561.60 Td (such ) Tj ET Q q 0 0 0 rg BT 142.58 561.60 Td (individuals ) Tj ET Q q 0 0 0 rg BT 180.19 561.60 Td (in ) Tj ET Q q 0 0 0 rg BT 188.47 561.60 Td (the ) Tj ET Q q 0 0 0 rg BT 200.30 561.60 Td (future. ) Tj ET Q q 0 0 0 rg BT 223.30 561.60 Td (The ) Tj ET Q q 0 0 0 rg BT 237.80 561.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 252.30 561.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.02 561.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.85 561.60 Td (services ) Tj ET Q q 0 0 0 rg BT 300.67 561.60 Td (of ) Tj ET Q q 0 0 0 rg BT 309.39 561.60 Td (any ) Tj ET Q q 0 0 0 rg BT 323.00 561.60 Td (of ) Tj ET Q q 0 0 0 rg BT 331.72 561.60 Td (these ) Tj ET Q q 0 0 0 rg BT 350.21 561.60 Td (individuals ) Tj ET Q q 0 0 0 rg BT 387.82 561.60 Td (could ) Tj ET Q q 0 0 0 rg BT 407.65 561.60 Td (have ) Tj ET Q q 0 0 0 rg BT 424.81 561.60 Td (an ) Tj ET Q q 0 0 0 rg BT 434.42 561.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 460.90 561.60 Td (ef) Tj ET Q q 0 0 0 rg BT 466.97 561.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 481.01 561.60 Td (on ) Tj ET Q q 0 0 0 rg BT 491.07 561.60 Td (our ) Tj ET Q q 0 0 0 rg BT 503.79 561.60 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 541.62 561.60 Td (results ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 552.00 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 552.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.49 552.00 Td (and ) Tj ET Q q 0 0 0 rg BT 107.04 552.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 123.25 552.00 Td (flows.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 530.40 Td (Risks ) Tj ET Q q 0 0 0 rg BT 70.18 530.40 Td (Relating ) Tj ET Q q 0 0 0 rg BT 101.06 530.40 Td (to ) Tj ET Q q 0 0 0 rg BT 109.73 530.40 Td (Enfor) Tj ET Q q 0 0 0 rg BT 129.58 530.40 Td (cement ) Tj ET Q q 0 0 0 rg BT 156.01 530.40 Td (Rights) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 514.80 Td (W) Tj ET Q q 0 0 0 rg BT 56.02 514.80 Td (e ) Tj ET Q q 0 0 0 rg BT 61.57 514.80 Td (are ) Tj ET Q q 0 0 0 rg BT 74.23 514.80 Td (a ) Tj ET Q q 0 0 0 rg BT 80.23 514.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 112.91 514.80 Td (company ) Tj ET Q q 0 0 0 rg BT 144.68 514.80 Td (and ) Tj ET Q q 0 0 0 rg BT 159.13 514.80 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 202.45 514.80 Td (of ) Tj ET Q q 0 0 0 rg BT 211.12 514.80 Td (civil ) Tj ET Q q 0 0 0 rg BT 226.89 514.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 259.11 514.80 Td (and ) Tj ET Q q 0 0 0 rg BT 273.56 514.80 Td (judgments ) Tj ET Q q 0 0 0 rg BT 309.79 514.80 Td (may ) Tj ET Q q 0 0 0 rg BT 325.56 514.80 Td (be ) Tj ET Q q 0 0 0 rg BT 335.11 514.80 Td (dif) Tj ET Q q 0 0 0 rg BT 343.86 514.80 Td (ficult.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 499.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 499.20 Td (e ) Tj ET Q q 0 0 0 rg BT 61.92 499.20 Td (are ) Tj ET Q q 0 0 0 rg BT 73.64 499.20 Td (a ) Tj ET Q q 0 0 0 rg BT 79.15 499.20 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 110.43 499.20 Td (company) Tj ET Q q 0 0 0 rg BT 139.23 499.20 Td (. ) Tj ET Q q 0 0 0 rg BT 143.19 499.20 Td (Substantially ) Tj ET Q q 0 0 0 rg BT 186.93 499.20 Td (all ) Tj ET Q q 0 0 0 rg BT 196.88 499.20 Td (of ) Tj ET Q q 0 0 0 rg BT 205.50 499.20 Td (our ) Tj ET Q q 0 0 0 rg BT 218.12 499.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 238.74 499.20 Td (and ) Tj ET Q q 0 0 0 rg BT 252.25 499.20 Td (all ) Tj ET Q q 0 0 0 rg BT 262.20 499.20 Td (of ) Tj ET Q q 0 0 0 rg BT 270.82 499.20 Td (our ) Tj ET Q q 0 0 0 rg BT 283.45 499.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 318.73 499.20 Td (are ) Tj ET Q q 0 0 0 rg BT 330.45 499.20 Td (located, ) Tj ET Q q 0 0 0 rg BT 357.50 499.20 Td (and ) Tj ET Q q 0 0 0 rg BT 371.01 499.20 Td (all ) Tj ET Q q 0 0 0 rg BT 380.96 499.20 Td (of ) Tj ET Q q 0 0 0 rg BT 389.59 499.20 Td (our ) Tj ET Q q 0 0 0 rg BT 402.21 499.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 432.59 499.20 Td (are ) Tj ET Q q 0 0 0 rg BT 444.32 499.20 Td (derived, ) Tj ET Q q 0 0 0 rg BT 472.26 499.20 Td (outside ) Tj ET Q q 0 0 0 rg BT 497.33 499.20 Td (the ) Tj ET Q q 0 0 0 rg BT 509.06 499.20 Td (United ) Tj ET Q q 0 0 0 rg BT 532.79 499.20 Td (States. ) Tj ET Q q 0 0 0 rg BT 555.86 499.20 Td (In ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 489.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 79.97 489.60 Td (several ) Tj ET Q q 0 0 0 rg BT 104.88 489.60 Td (of ) Tj ET Q q 0 0 0 rg BT 113.79 489.60 Td (our ) Tj ET Q q 0 0 0 rg BT 126.71 489.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 156.95 489.60 Td (and ) Tj ET Q q 0 0 0 rg BT 170.76 489.60 Td (of) Tj ET Q q 0 0 0 rg BT 177.28 489.60 Td (ficers ) Tj ET Q q 0 0 0 rg BT 197.29 489.60 Td (are ) Tj ET Q q 0 0 0 rg BT 209.31 489.60 Td (non-residents ) Tj ET Q q 0 0 0 rg BT 254.67 489.60 Td (of ) Tj ET Q q 0 0 0 rg BT 263.58 489.60 Td (the ) Tj ET Q q 0 0 0 rg BT 275.61 489.60 Td (United ) Tj ET Q q 0 0 0 rg BT 299.64 489.60 Td (States, ) Tj ET Q q 0 0 0 rg BT 323.00 489.60 Td (and ) Tj ET Q q 0 0 0 rg BT 336.80 489.60 Td (all ) Tj ET Q q 0 0 0 rg BT 347.05 489.60 Td (or ) Tj ET Q q 0 0 0 rg BT 355.97 489.60 Td (a ) Tj ET Q q 0 0 0 rg BT 361.77 489.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 398.24 489.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 423.61 489.60 Td (of ) Tj ET Q q 0 0 0 rg BT 432.52 489.60 Td (the ) Tj ET Q q 0 0 0 rg BT 444.55 489.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 465.47 489.60 Td (of ) Tj ET Q q 0 0 0 rg BT 474.38 489.60 Td (such ) Tj ET Q q 0 0 0 rg BT 491.30 489.60 Td (persons ) Tj ET Q q 0 0 0 rg BT 518.00 489.60 Td (are ) Tj ET Q q 0 0 0 rg BT 530.01 489.60 Td (or ) Tj ET Q q 0 0 0 rg BT 538.93 489.60 Td (may ) Tj ET Q q 0 0 0 rg BT 554.96 489.60 Td (be ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 480.00 Td (located ) Tj ET Q q 0 0 0 rg BT 74.28 480.00 Td (outside ) Tj ET Q q 0 0 0 rg BT 99.07 480.00 Td (the ) Tj ET Q q 0 0 0 rg BT 110.53 480.00 Td (United ) Tj ET Q q 0 0 0 rg BT 133.98 480.00 Td (States. ) Tj ET Q q 0 0 0 rg BT 156.40 480.00 Td (As ) Tj ET Q q 0 0 0 rg BT 166.98 480.00 Td (a ) Tj ET Q q 0 0 0 rg BT 172.21 480.00 Td (result, ) Tj ET Q q 0 0 0 rg BT 193.67 480.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 224.24 480.00 Td (may ) Tj ET Q q 0 0 0 rg BT 239.69 480.00 Td (be ) Tj ET Q q 0 0 0 rg BT 248.93 480.00 Td (unable ) Tj ET Q q 0 0 0 rg BT 271.93 480.00 Td (to ) Tj ET Q q 0 0 0 rg BT 279.84 480.00 Td (ef) Tj ET Q q 0 0 0 rg BT 285.91 480.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 299.58 480.00 Td (service ) Tj ET Q q 0 0 0 rg BT 323.91 480.00 Td (of ) Tj ET Q q 0 0 0 rg BT 332.26 480.00 Td (process ) Tj ET Q q 0 0 0 rg BT 357.94 480.00 Td (within ) Tj ET Q q 0 0 0 rg BT 380.06 480.00 Td (the ) Tj ET Q q 0 0 0 rg BT 391.52 480.00 Td (United ) Tj ET Q q 0 0 0 rg BT 414.98 480.00 Td (States ) Tj ET Q q 0 0 0 rg BT 435.77 480.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 453.45 480.00 Td (such ) Tj ET Q q 0 0 0 rg BT 469.80 480.00 Td (persons, ) Tj ET Q q 0 0 0 rg BT 497.92 480.00 Td (or ) Tj ET Q q 0 0 0 rg BT 506.27 480.00 Td (to ) Tj ET Q q 0 0 0 rg BT 514.17 480.00 Td (enforce ) Tj ET Q q 0 0 0 rg BT 539.84 480.00 Td (against ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 470.40 Td (them ) Tj ET Q q 0 0 0 rg BT 68.08 470.40 Td (judgments ) Tj ET Q q 0 0 0 rg BT 104.00 470.40 Td (obtained ) Tj ET Q q 0 0 0 rg BT 134.13 470.40 Td (in ) Tj ET Q q 0 0 0 rg BT 142.94 470.40 Td (the ) Tj ET Q q 0 0 0 rg BT 155.30 470.40 Td (United ) Tj ET Q q 0 0 0 rg BT 179.66 470.40 Td (States ) Tj ET Q q 0 0 0 rg BT 201.36 470.40 Td (courts, ) Tj ET Q q 0 0 0 rg BT 225.49 470.40 Td (including ) Tj ET Q q 0 0 0 rg BT 258.30 470.40 Td (judgments ) Tj ET Q q 0 0 0 rg BT 294.21 470.40 Td (predicated ) Tj ET Q q 0 0 0 rg BT 330.11 470.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 348.70 470.40 Td (the ) Tj ET Q q 0 0 0 rg BT 361.06 470.40 Td (civil ) Tj ET Q q 0 0 0 rg BT 377.86 470.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 405.34 470.40 Td (provisions ) Tj ET Q q 0 0 0 rg BT 441.26 470.40 Td (of ) Tj ET Q q 0 0 0 rg BT 450.51 470.40 Td (the ) Tj ET Q q 0 0 0 rg BT 462.87 470.40 Td (United ) Tj ET Q q 0 0 0 rg BT 487.23 470.40 Td (States ) Tj ET Q q 0 0 0 rg BT 508.92 470.40 Td (federal ) Tj ET Q q 0 0 0 rg BT 533.71 470.40 Td (and ) Tj ET Q q 0 0 0 rg BT 547.85 470.40 Td (state ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 460.80 Td (securities ) Tj ET Q q 0 0 0 rg BT 82.08 460.80 Td (laws. ) Tj ET Q q 0 0 0 rg BT 100.95 460.80 Td (There ) Tj ET Q q 0 0 0 rg BT 121.98 460.80 Td (is ) Tj ET Q q 0 0 0 rg BT 129.68 460.80 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 168.04 460.80 Td (as ) Tj ET Q q 0 0 0 rg BT 177.08 460.80 Td (to ) Tj ET Q q 0 0 0 rg BT 185.67 460.80 Td (whether ) Tj ET Q q 0 0 0 rg BT 213.81 460.80 Td (the ) Tj ET Q q 0 0 0 rg BT 225.96 460.80 Td (courts ) Tj ET Q q 0 0 0 rg BT 247.88 460.80 Td (of ) Tj ET Q q 0 0 0 rg BT 256.92 460.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 288.62 460.80 Td (and ) Tj ET Q q 0 0 0 rg BT 302.54 460.80 Td (the ) Tj ET Q q 0 0 0 rg BT 314.69 460.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 346.39 460.80 Td (in ) Tj ET Q q 0 0 0 rg BT 354.98 460.80 Td (which ) Tj ET Q q 0 0 0 rg BT 376.90 460.80 Td (we ) Tj ET Q q 0 0 0 rg BT 388.61 460.80 Td (operate ) Tj ET Q q 0 0 0 rg BT 414.52 460.80 Td (would ) Tj ET Q q 0 0 0 rg BT 436.89 460.80 Td (enforce ) Tj ET Q q 0 0 0 rg BT 463.24 460.80 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 474.50 460.80 Td (judgments ) Tj ET Q q 0 0 0 rg BT 510.20 460.80 Td (of ) Tj ET Q q 0 0 0 rg BT 519.24 460.80 Td (United ) Tj ET Q q 0 0 0 rg BT 543.39 460.80 Td (States ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 451.20 Td (courts ) Tj ET Q q 0 0 0 rg BT 71.50 451.20 Td (obtained ) Tj ET Q q 0 0 0 rg BT 101.49 451.20 Td (against ) Tj ET Q q 0 0 0 rg BT 126.59 451.20 Td (us ) Tj ET Q q 0 0 0 rg BT 136.15 451.20 Td (or ) Tj ET Q q 0 0 0 rg BT 145.26 451.20 Td (such ) Tj ET Q q 0 0 0 rg BT 162.37 451.20 Td (persons ) Tj ET Q q 0 0 0 rg BT 189.26 451.20 Td (predicated ) Tj ET Q q 0 0 0 rg BT 225.02 451.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 243.46 451.20 Td (the ) Tj ET Q q 0 0 0 rg BT 255.68 451.20 Td (civil ) Tj ET Q q 0 0 0 rg BT 272.34 451.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 299.68 451.20 Td (provisions ) Tj ET Q q 0 0 0 rg BT 335.46 451.20 Td (of ) Tj ET Q q 0 0 0 rg BT 344.57 451.20 Td (the ) Tj ET Q q 0 0 0 rg BT 356.79 451.20 Td (United ) Tj ET Q q 0 0 0 rg BT 381.00 451.20 Td (States ) Tj ET Q q 0 0 0 rg BT 402.56 451.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 427.21 451.20 Td (and ) Tj ET Q q 0 0 0 rg BT 441.20 451.20 Td (state ) Tj ET Q q 0 0 0 rg BT 458.31 451.20 Td (securities ) Tj ET Q q 0 0 0 rg BT 490.96 451.20 Td (laws ) Tj ET Q q 0 0 0 rg BT 508.07 451.20 Td (or ) Tj ET Q q 0 0 0 rg BT 517.18 451.20 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 528.96 451.20 Td (in ) Tj ET Q q 0 0 0 rg BT 537.63 451.20 Td (original ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 441.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 74.16 441.60 Td (brought ) Tj ET Q q 0 0 0 rg BT 101.05 441.60 Td (in ) Tj ET Q q 0 0 0 rg BT 109.27 441.60 Td (such ) Tj ET Q q 0 0 0 rg BT 125.93 441.60 Td (countries, ) Tj ET Q q 0 0 0 rg BT 159.26 441.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 191.03 441.60 Td (against ) Tj ET Q q 0 0 0 rg BT 215.69 441.60 Td (us ) Tj ET Q q 0 0 0 rg BT 224.80 441.60 Td (or ) Tj ET Q q 0 0 0 rg BT 233.47 441.60 Td (such ) Tj ET Q q 0 0 0 rg BT 250.13 441.60 Td (persons ) Tj ET Q q 0 0 0 rg BT 276.57 441.60 Td (predicated ) Tj ET Q q 0 0 0 rg BT 311.89 441.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 329.89 441.60 Td (the ) Tj ET Q q 0 0 0 rg BT 341.66 441.60 Td (United ) Tj ET Q q 0 0 0 rg BT 365.43 441.60 Td (States ) Tj ET Q q 0 0 0 rg BT 386.54 441.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 410.75 441.60 Td (and ) Tj ET Q q 0 0 0 rg BT 424.30 441.60 Td (state ) Tj ET Q q 0 0 0 rg BT 440.96 441.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 473.17 441.60 Td (laws.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 426.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.84 426.00 Td (Bye-laws ) Tj ET Q q 0 0 0 rg BT 96.61 426.00 Td (restrict ) Tj ET Q q 0 0 0 rg BT 121.72 426.00 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 166.40 426.00 Td (from ) Tj ET Q q 0 0 0 rg BT 184.40 426.00 Td (bringing ) Tj ET Q q 0 0 0 rg BT 214.86 426.00 Td (legal ) Tj ET Q q 0 0 0 rg BT 232.85 426.00 Td (action ) Tj ET Q q 0 0 0 rg BT 255.30 426.00 Td (against ) Tj ET Q q 0 0 0 rg BT 281.30 426.00 Td (our ) Tj ET Q q 0 0 0 rg BT 294.87 426.00 Td (of) Tj ET Q q 0 0 0 rg BT 301.39 426.00 Td (ficers ) Tj ET Q q 0 0 0 rg BT 321.60 426.00 Td (and ) Tj ET Q q 0 0 0 rg BT 336.05 426.00 Td (directors.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 410.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.39 410.40 Td (Bye-laws ) Tj ET Q q 0 0 0 rg BT 97.05 410.40 Td (contain ) Tj ET Q q 0 0 0 rg BT 123.04 410.40 Td (a ) Tj ET Q q 0 0 0 rg BT 129.04 410.40 Td (broad ) Tj ET Q q 0 0 0 rg BT 149.70 410.40 Td (waiver ) Tj ET Q q 0 0 0 rg BT 173.91 410.40 Td (by ) Tj ET Q q 0 0 0 rg BT 184.35 410.40 Td (our ) Tj ET Q q 0 0 0 rg BT 197.46 410.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 240.34 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 249.45 410.40 Td (any ) Tj ET Q q 0 0 0 rg BT 263.44 410.40 Td (claim ) Tj ET Q q 0 0 0 rg BT 283.66 410.40 Td (or ) Tj ET Q q 0 0 0 rg BT 292.77 410.40 Td (right ) Tj ET Q q 0 0 0 rg BT 310.32 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 319.43 410.40 Td (action ) Tj ET Q q 0 0 0 rg BT 341.42 410.40 Td (in ) Tj ET Q q 0 0 0 rg BT 350.09 410.40 Td (Bermuda, ) Tj ET Q q 0 0 0 rg BT 383.86 410.40 Td (both ) Tj ET Q q 0 0 0 rg BT 400.53 410.40 Td (individually ) Tj ET Q q 0 0 0 rg BT 441.64 410.40 Td (and ) Tj ET Q q 0 0 0 rg BT 455.63 410.40 Td (on ) Tj ET Q q 0 0 0 rg BT 466.08 410.40 Td (our ) Tj ET Q q 0 0 0 rg BT 479.19 410.40 Td (behalf, ) Tj ET Q q 0 0 0 rg BT 503.62 410.40 Td (against ) Tj ET Q q 0 0 0 rg BT 528.73 410.40 Td (any ) Tj ET Q q 0 0 0 rg BT 542.72 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 551.83 410.40 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 400.80 Td (of) Tj ET Q q 0 0 0 rg BT 56.02 400.80 Td (ficers ) Tj ET Q q 0 0 0 rg BT 75.88 400.80 Td (or ) Tj ET Q q 0 0 0 rg BT 84.64 400.80 Td (directors. ) Tj ET Q q 0 0 0 rg BT 116.57 400.80 Td (The ) Tj ET Q q 0 0 0 rg BT 131.10 400.80 Td (waiver ) Tj ET Q q 0 0 0 rg BT 154.96 400.80 Td (applies ) Tj ET Q q 0 0 0 rg BT 179.71 400.80 Td (to ) Tj ET Q q 0 0 0 rg BT 188.03 400.80 Td (any ) Tj ET Q q 0 0 0 rg BT 201.67 400.80 Td (action ) Tj ET Q q 0 0 0 rg BT 223.31 400.80 Td (taken ) Tj ET Q q 0 0 0 rg BT 242.73 400.80 Td (or ) Tj ET Q q 0 0 0 rg BT 251.49 400.80 Td (concurred ) Tj ET Q q 0 0 0 rg BT 285.56 400.80 Td (in ) Tj ET Q q 0 0 0 rg BT 293.88 400.80 Td (by ) Tj ET Q q 0 0 0 rg BT 303.97 400.80 Td (an ) Tj ET Q q 0 0 0 rg BT 313.62 400.80 Td (of) Tj ET Q q 0 0 0 rg BT 320.14 400.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 336.88 400.80 Td (or ) Tj ET Q q 0 0 0 rg BT 345.64 400.80 Td (director) Tj ET Q q 0 0 0 rg BT 370.20 400.80 Td (, ) Tj ET Q q 0 0 0 rg BT 374.29 400.80 Td (or ) Tj ET Q q 0 0 0 rg BT 383.05 400.80 Td (the ) Tj ET Q q 0 0 0 rg BT 394.92 400.80 Td (failure ) Tj ET Q q 0 0 0 rg BT 417.88 400.80 Td (of ) Tj ET Q q 0 0 0 rg BT 426.64 400.80 Td (an ) Tj ET Q q 0 0 0 rg BT 436.29 400.80 Td (of) Tj ET Q q 0 0 0 rg BT 442.81 400.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 459.55 400.80 Td (or ) Tj ET Q q 0 0 0 rg BT 468.31 400.80 Td (director ) Tj ET Q q 0 0 0 rg BT 495.28 400.80 Td (to ) Tj ET Q q 0 0 0 rg BT 503.59 400.80 Td (take ) Tj ET Q q 0 0 0 rg BT 519.01 400.80 Td (any ) Tj ET Q q 0 0 0 rg BT 532.66 400.80 Td (action, ) Tj ET Q q 0 0 0 rg BT 556.30 400.80 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 391.20 Td (the ) Tj ET Q q 0 0 0 rg BT 61.34 391.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.83 391.20 Td (of ) Tj ET Q q 0 0 0 rg BT 112.56 391.20 Td (his ) Tj ET Q q 0 0 0 rg BT 123.96 391.20 Td (or ) Tj ET Q q 0 0 0 rg BT 132.70 391.20 Td (her ) Tj ET Q q 0 0 0 rg BT 144.98 391.20 Td (duties, ) Tj ET Q q 0 0 0 rg BT 168.16 391.20 Td (except ) Tj ET Q q 0 0 0 rg BT 191.10 391.20 Td (with ) Tj ET Q q 0 0 0 rg BT 207.39 391.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 232.11 391.20 Td (to ) Tj ET Q q 0 0 0 rg BT 240.40 391.20 Td (any ) Tj ET Q q 0 0 0 rg BT 254.02 391.20 Td (matter ) Tj ET Q q 0 0 0 rg BT 276.53 391.20 Td (involving ) Tj ET Q q 0 0 0 rg BT 309.26 391.20 Td (any ) Tj ET Q q 0 0 0 rg BT 322.88 391.20 Td (fraud ) Tj ET Q q 0 0 0 rg BT 341.83 391.20 Td (or ) Tj ET Q q 0 0 0 rg BT 350.56 391.20 Td (dishonesty ) Tj ET Q q 0 0 0 rg BT 386.85 391.20 Td (on ) Tj ET Q q 0 0 0 rg BT 396.92 391.20 Td (the ) Tj ET Q q 0 0 0 rg BT 408.76 391.20 Td (part ) Tj ET Q q 0 0 0 rg BT 423.27 391.20 Td (of ) Tj ET Q q 0 0 0 rg BT 432.00 391.20 Td (the ) Tj ET Q q 0 0 0 rg BT 443.84 391.20 Td (of) Tj ET Q q 0 0 0 rg BT 450.36 391.20 Td (ficer ) Tj ET Q q 0 0 0 rg BT 467.08 391.20 Td (or ) Tj ET Q q 0 0 0 rg BT 475.81 391.20 Td (director) Tj ET Q q 0 0 0 rg BT 500.25 391.20 Td (. ) Tj ET Q q 0 0 0 rg BT 504.17 391.20 Td (This ) Tj ET Q q 0 0 0 rg BT 520.46 391.20 Td (waiver ) Tj ET Q q 0 0 0 rg BT 544.29 391.20 Td (limits ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 381.60 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 381.60 Td (right ) Tj ET Q q 0 0 0 rg BT 78.38 381.60 Td (of ) Tj ET Q q 0 0 0 rg BT 87.05 381.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 129.48 381.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.70 381.60 Td (assert ) Tj ET Q q 0 0 0 rg BT 157.91 381.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 180.80 381.60 Td (against ) Tj ET Q q 0 0 0 rg BT 205.46 381.60 Td (our ) Tj ET Q q 0 0 0 rg BT 218.12 381.60 Td (of) Tj ET Q q 0 0 0 rg BT 224.64 381.60 Td (ficers ) Tj ET Q q 0 0 0 rg BT 244.41 381.60 Td (and ) Tj ET Q q 0 0 0 rg BT 257.96 381.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 287.95 381.60 Td (unless ) Tj ET Q q 0 0 0 rg BT 309.95 381.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.72 381.60 Td (act ) Tj ET Q q 0 0 0 rg BT 333.04 381.60 Td (or ) Tj ET Q q 0 0 0 rg BT 341.71 381.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 364.58 381.60 Td (to ) Tj ET Q q 0 0 0 rg BT 372.80 381.60 Td (act ) Tj ET Q q 0 0 0 rg BT 384.13 381.60 Td (involves ) Tj ET Q q 0 0 0 rg BT 413.24 381.60 Td (fraud ) Tj ET Q q 0 0 0 rg BT 432.12 381.60 Td (or ) Tj ET Q q 0 0 0 rg BT 440.78 381.60 Td (dishonesty) Tj ET Q q 0 0 0 rg BT 474.48 381.60 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 360.00 Td (Risks ) Tj ET Q q 0 0 0 rg BT 70.18 360.00 Td (Relating ) Tj ET Q q 0 0 0 rg BT 101.06 360.00 Td (to ) Tj ET Q q 0 0 0 rg BT 109.73 360.00 Td (our) Tj ET Q q 0 0 0 rg BT 121.58 360.00 Td ( ) Tj ET Q q 0 0 0 rg BT 123.58 360.00 Td (Common ) Tj ET Q q 0 0 0 rg BT 157.14 360.00 Td (Stock) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 344.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.84 344.40 Td (share ) Tj ET Q q 0 0 0 rg BT 85.07 344.40 Td (price ) Tj ET Q q 0 0 0 rg BT 103.50 344.40 Td (may ) Tj ET Q q 0 0 0 rg BT 119.28 344.40 Td (be ) Tj ET Q q 0 0 0 rg BT 128.83 344.40 Td (adversely ) Tj ET Q q 0 0 0 rg BT 161.48 344.40 Td (af) Tj ET Q q 0 0 0 rg BT 168.00 344.40 Td (fected ) Tj ET Q q 0 0 0 rg BT 189.54 344.40 Td (by ) Tj ET Q q 0 0 0 rg BT 199.09 344.40 Td (sales ) Tj ET Q q 0 0 0 rg BT 217.09 344.40 Td (of ) Tj ET Q q 0 0 0 rg BT 225.75 344.40 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 269.09 344.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 292.43 344.40 Td (or ) Tj ET Q q 0 0 0 rg BT 301.54 344.40 Td (future ) Tj ET Q q 0 0 0 rg BT 323.99 344.40 Td (issuances ) Tj ET Q q 0 0 0 rg BT 357.55 344.40 Td (of ) Tj ET Q q 0 0 0 rg BT 366.22 344.40 Td (our ) Tj ET Q q 0 0 0 rg BT 379.78 344.40 Td (shares.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 328.80 Td (Following ) Tj ET Q q 0 0 0 rg BT 84.75 328.80 Td (the ) Tj ET Q q 0 0 0 rg BT 96.89 328.80 Td (completion ) Tj ET Q q 0 0 0 rg BT 135.24 328.80 Td (of ) Tj ET Q q 0 0 0 rg BT 144.27 328.80 Td (the ) Tj ET Q q 0 0 0 rg BT 155.88 328.80 Td (A) Tj ET Q q 0 0 0 rg BT 160.77 328.80 Td (T&T) Tj ET Q q 0 0 0 rg BT 176.62 328.80 Td ( ) Tj ET Q q 0 0 0 rg BT 178.98 328.80 Td (and ) Tj ET Q q 0 0 0 rg BT 192.72 328.80 Td (T) Tj ET Q q 0 0 0 rg BT 197.33 328.80 Td (ime ) Tj ET Q q 0 0 0 rg BT 211.51 328.80 Td (W) Tj ET Q q 0 0 0 rg BT 218.42 328.80 Td (arner) Tj ET Q q 0 0 0 rg BT 234.53 328.80 Td (, ) Tj ET Q q 0 0 0 rg BT 238.89 328.80 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 253.47 328.80 Td (mer) Tj ET Q q 0 0 0 rg BT 265.76 328.80 Td (ger ) Tj ET Q q 0 0 0 rg BT 278.34 328.80 Td (on ) Tj ET Q q 0 0 0 rg BT 288.70 328.80 Td (June ) Tj ET Q q 0 0 0 rg BT 305.72 328.80 Td (14, ) Tj ET Q q 0 0 0 rg BT 318.08 328.80 Td (2018, ) Tj ET Q q 0 0 0 rg BT 337.92 328.80 Td (A) Tj ET Q q 0 0 0 rg BT 342.81 328.80 Td (T&T) Tj ET Q q 0 0 0 rg BT 358.21 328.80 Td (, ) Tj ET Q q 0 0 0 rg BT 362.57 328.80 Td (through ) Tj ET Q q 0 0 0 rg BT 389.82 328.80 Td (its ) Tj ET Q q 0 0 0 rg BT 399.74 328.80 Td (wholly ) Tj ET Q q 0 0 0 rg BT 424.32 328.80 Td (owned ) Tj ET Q q 0 0 0 rg BT 448.01 328.80 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 487.98 328.80 Td (W) Tj ET Q q 0 0 0 rg BT 494.89 328.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 513.68 328.80 Td (Media ) Tj ET Q q 0 0 0 rg BT 536.47 328.80 Td (and ) Tj ET Q q 0 0 0 rg BT 550.21 328.80 Td (TW) Tj ET Q q 0 0 0 rg BT 562.51 328.80 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 319.20 Td (Investor) Tj ET Q q 0 0 0 rg BT 75.39 319.20 Td (, ) Tj ET Q q 0 0 0 rg BT 79.37 319.20 Td (is ) Tj ET Q q 0 0 0 rg BT 86.68 319.20 Td (the ) Tj ET Q q 0 0 0 rg BT 98.42 319.20 Td (lar) Tj ET Q q 0 0 0 rg BT 106.72 319.20 Td (gest ) Tj ET Q q 0 0 0 rg BT 121.58 319.20 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 155.09 319.20 Td (owner ) Tj ET Q q 0 0 0 rg BT 177.05 319.20 Td (of ) Tj ET Q q 0 0 0 rg BT 185.69 319.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 207.66 319.20 Td (of ) Tj ET Q q 0 0 0 rg BT 216.29 319.20 Td (our ) Tj ET Q q 0 0 0 rg BT 228.93 319.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 247.81 319.20 Td (A) Tj ET Q q 0 0 0 rg BT 253.14 319.20 Td ( ) Tj ET Q q 0 0 0 rg BT 255.12 319.20 Td (common ) Tj ET Q q 0 0 0 rg BT 285.08 319.20 Td (stock, ) Tj ET Q q 0 0 0 rg BT 305.95 319.20 Td (holding ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.36 319.20 Td (162,334,771) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.36 319.20 Td ( ) Tj ET Q q 0 0 0 rg BT 374.34 319.20 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 415.85 319.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 437.82 319.20 Td (of ) Tj ET Q q 0 0 0 rg BT 446.45 319.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 465.33 319.20 Td (A) Tj ET Q q 0 0 0 rg BT 470.66 319.20 Td ( ) Tj ET Q q 0 0 0 rg BT 472.64 319.20 Td (common ) Tj ET Q q 0 0 0 rg BT 502.61 319.20 Td (stock, ) Tj ET Q q 0 0 0 rg BT 523.47 319.20 Td (one ) Tj ET Q q 0 0 0 rg BT 536.99 319.20 Td (share ) Tj ET Q q 0 0 0 rg BT 555.84 319.20 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 309.60 Td (Series ) Tj ET Q q 0 0 0 rg BT 70.92 309.60 Td (A) Tj ET Q q 0 0 0 rg BT 76.26 309.60 Td ( ) Tj ET Q q 0 0 0 rg BT 78.66 309.60 Td (preferred ) Tj ET Q q 0 0 0 rg BT 110.37 309.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 129.65 309.60 Td (\("Series ) Tj ET Q q 0 0 0 rg BT 157.00 309.60 Td (A) Tj ET Q q 0 0 0 rg BT 162.34 309.60 Td ( ) Tj ET Q q 0 0 0 rg BT 164.74 309.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 196.90 309.60 Td (Share"\), ) Tj ET Q q 0 0 0 rg BT 225.44 309.60 Td (200,000 ) Tj ET Q q 0 0 0 rg BT 253.84 309.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 276.24 309.60 Td (of ) Tj ET Q q 0 0 0 rg BT 285.30 309.60 Td (Series ) Tj ET Q q 0 0 0 rg BT 307.25 309.60 Td (B ) Tj ET Q q 0 0 0 rg BT 314.99 309.60 Td (preferred ) Tj ET Q q 0 0 0 rg BT 346.70 309.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 365.99 309.60 Td (\("Series ) Tj ET Q q 0 0 0 rg BT 393.87 309.60 Td (B ) Tj ET Q q 0 0 0 rg BT 401.60 309.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 433.76 309.60 Td (Shares"\) ) Tj ET Q q 0 0 0 rg BT 463.42 309.60 Td (and ) Tj ET Q q 0 0 0 rg BT 477.37 309.60 Td (on ) Tj ET Q q 0 0 0 rg BT 487.24 309.60 Td (April ) Tj ET Q q 0 0 0 rg BT 506.53 309.60 Td (25, ) Tj ET Q q 0 0 0 rg BT 518.93 309.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 539.16 309.60 Td (W) Tj ET Q q 0 0 0 rg BT 546.07 309.60 Td (arner ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 300.00 Td (Media ) Tj ET Q q 0 0 0 rg BT 72.33 300.00 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 105.20 300.00 Td (T) Tj ET Q q 0 0 0 rg BT 109.80 300.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 124.02 300.00 Td (W) Tj ET Q q 0 0 0 rg BT 130.93 300.00 Td (arner) Tj ET Q q 0 0 0 rg BT 147.04 300.00 Td (, ) Tj ET Q q 0 0 0 rg BT 151.43 300.00 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 166.03 300.00 Td (at ) Tj ET Q q 0 0 0 rg BT 174.20 300.00 Td (date ) Tj ET Q q 0 0 0 rg BT 189.91 300.00 Td (of ) Tj ET Q q 0 0 0 rg BT 198.97 300.00 Td (exercise\) ) Tj ET Q q 0 0 0 rg BT 230.22 300.00 Td (exercised ) Tj ET Q q 0 0 0 rg BT 262.82 300.00 Td (warrants ) Tj ET Q q 0 0 0 rg BT 292.75 300.00 Td (to ) Tj ET Q q 0 0 0 rg BT 301.37 300.00 Td (acquire ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.29 300.00 Td (100,926,996) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.29 300.00 Td ( ) Tj ET Q q 0 0 0 rg BT 369.69 300.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 392.07 300.00 Td (of ) Tj ET Q q 0 0 0 rg BT 401.12 300.00 Td (our ) Tj ET Q q 0 0 0 rg BT 414.18 300.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 433.38 300.00 Td (A) Tj ET Q q 0 0 0 rg BT 438.71 300.00 Td ( ) Tj ET Q q 0 0 0 rg BT 441.10 300.00 Td (common ) Tj ET Q q 0 0 0 rg BT 471.49 300.00 Td (stock. ) Tj ET Q q 0 0 0 rg BT 492.59 300.00 Td (The ) Tj ET Q q 0 0 0 rg BT 507.42 300.00 Td (share ) Tj ET Q q 0 0 0 rg BT 526.69 300.00 Td (of ) Tj ET Q q 0 0 0 rg BT 535.75 300.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 557.16 300.00 Td (A) Tj ET Q q 0 0 0 rg BT 562.50 300.00 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 290.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 80.85 290.40 Td (Shares ) Tj ET Q q 0 0 0 rg BT 103.78 290.40 Td (is ) Tj ET Q q 0 0 0 rg BT 110.71 290.40 Td (convertible ) Tj ET Q q 0 0 0 rg BT 148.29 290.40 Td (into ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 162.33 290.40 Td (1) Tj ET Q q 0 0 0 rg BT 166.03 290.40 Td (1,21) Tj ET Q q 0 0 0 rg BT 179.73 290.40 Td (1,449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.73 290.40 Td ( ) Tj ET Q q 0 0 0 rg BT 199.33 290.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 220.91 290.40 Td (of ) Tj ET Q q 0 0 0 rg BT 229.17 290.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 247.75 290.40 Td (A) Tj ET Q q 0 0 0 rg BT 253.09 290.40 Td ( ) Tj ET Q q 0 0 0 rg BT 254.68 290.40 Td (common ) Tj ET Q q 0 0 0 rg BT 284.27 290.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 302.75 290.40 Td (and ) Tj ET Q q 0 0 0 rg BT 315.90 290.40 Td (the ) Tj ET Q q 0 0 0 rg BT 327.27 290.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 348.41 290.40 Td (B ) Tj ET Q q 0 0 0 rg BT 355.34 290.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 386.70 290.40 Td (Shares ) Tj ET Q q 0 0 0 rg BT 409.62 290.40 Td (are ) Tj ET Q q 0 0 0 rg BT 420.98 290.40 Td (convertible ) Tj ET Q q 0 0 0 rg BT 458.56 290.40 Td (into ) Tj ET Q q 0 0 0 rg BT 472.60 290.40 Td (approximately ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.40 290.40 Td (1) Tj ET Q q 0 0 0 rg BT 524.10 290.40 Td (1) Tj ET Q q 0 0 0 rg BT 527.81 290.40 Td (1.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.81 290.40 Td ( ) Tj ET Q q 0 0 0 rg BT 539.40 290.40 Td (million ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 280.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 71.54 280.80 Td (of ) Tj ET Q q 0 0 0 rg BT 80.25 280.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 99.18 280.80 Td (A) Tj ET Q q 0 0 0 rg BT 104.51 280.80 Td ( ) Tj ET Q q 0 0 0 rg BT 106.56 280.80 Td (common ) Tj ET Q q 0 0 0 rg BT 136.60 280.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 155.53 280.80 Td (at ) Tj ET Q q 0 0 0 rg BT 163.35 280.80 Td (the ) Tj ET Q q 0 0 0 rg BT 175.17 280.80 Td (option ) Tj ET Q q 0 0 0 rg BT 197.66 280.80 Td (of ) Tj ET Q q 0 0 0 rg BT 206.23 280.80 Td (W) Tj ET Q q 0 0 0 rg BT 213.14 280.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 231.61 280.80 Td (Media ) Tj ET Q q 0 0 0 rg BT 254.10 280.80 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 281.47 280.80 Td (to ) Tj ET Q q 0 0 0 rg BT 289.73 280.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 313.54 280.80 Td (exceptions\). ) Tj ET Q q 0 0 0 rg BT 354.31 280.80 Td (W) Tj ET Q q 0 0 0 rg BT 361.23 280.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 379.70 280.80 Td (Media ) Tj ET Q q 0 0 0 rg BT 402.18 280.80 Td (has ) Tj ET Q q 0 0 0 rg BT 414.89 280.80 Td (registration ) Tj ET Q q 0 0 0 rg BT 453.37 280.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 473.64 280.80 Td (with ) Tj ET Q q 0 0 0 rg BT 489.91 280.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 514.61 280.80 Td (to ) Tj ET Q q 0 0 0 rg BT 522.88 280.80 Td (all ) Tj ET Q q 0 0 0 rg BT 532.92 280.80 Td (its ) Tj ET Q q 0 0 0 rg BT 542.52 280.80 Td (shares ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 271.20 Td (of ) Tj ET Q q 0 0 0 rg BT 58.41 271.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 77.50 271.20 Td (A) Tj ET Q q 0 0 0 rg BT 82.83 271.20 Td ( ) Tj ET Q q 0 0 0 rg BT 85.08 271.20 Td (common ) Tj ET Q q 0 0 0 rg BT 115.32 271.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 134.46 271.20 Td (now ) Tj ET Q q 0 0 0 rg BT 150.48 271.20 Td (held ) Tj ET Q q 0 0 0 rg BT 166.50 271.20 Td (or ) Tj ET Q q 0 0 0 rg BT 175.41 271.20 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 206.08 271.20 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 237.87 271.20 Td (For ) Tj ET Q q 0 0 0 rg BT 251.23 271.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 285.46 271.20 Td (information ) Tj ET Q q 0 0 0 rg BT 325.48 271.20 Td (on ) Tj ET Q q 0 0 0 rg BT 335.73 271.20 Td (the ) Tj ET Q q 0 0 0 rg BT 347.75 271.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 369.05 271.20 Td (A) Tj ET Q q 0 0 0 rg BT 374.39 271.20 Td ( ) Tj ET Q q 0 0 0 rg BT 376.63 271.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 408.64 271.20 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 434.21 271.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 456.01 271.20 Td (B ) Tj ET Q q 0 0 0 rg BT 463.59 271.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 495.60 271.20 Td (Shares ) Tj ET Q q 0 0 0 rg BT 519.17 271.20 Td (and ) Tj ET Q q 0 0 0 rg BT 532.97 271.20 Td (warrants, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 261.60 Td (see ) Tj ET Q q 0 0 0 rg BT 61.71 261.60 Td (Part ) Tj ET Q q 0 0 0 rg BT 76.60 261.60 Td (II, ) Tj ET Q q 0 0 0 rg BT 85.93 261.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 102.59 261.60 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 110.59 261.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 128.14 261.60 Td (12, ) Tj ET Q q 0 0 0 rg BT 140.14 261.60 Td ("Convertible ) Tj ET Q q 0 0 0 rg BT 183.18 261.60 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 224.71 261.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 256.47 261.60 Td (Shares") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.06 261.60 Td ( ) Tj ET Q q 0 0 0 rg BT 283.06 261.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.61 261.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 314.16 261.60 Td (13, ) Tj ET Q q 0 0 0 rg BT 326.16 261.60 Td ("Equity") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.03 261.60 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 246.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 246.00 Td (e ) Tj ET Q q 0 0 0 rg BT 61.73 246.00 Td (cannot ) Tj ET Q q 0 0 0 rg BT 84.82 246.00 Td (predict ) Tj ET Q q 0 0 0 rg BT 108.80 246.00 Td (what ) Tj ET Q q 0 0 0 rg BT 126.12 246.00 Td (ef) Tj ET Q q 0 0 0 rg BT 132.19 246.00 Td (fect, ) Tj ET Q q 0 0 0 rg BT 147.95 246.00 Td (if ) Tj ET Q q 0 0 0 rg BT 154.60 246.00 Td (any) Tj ET Q q 0 0 0 rg BT 165.63 246.00 Td (, ) Tj ET Q q 0 0 0 rg BT 169.40 246.00 Td (the ) Tj ET Q q 0 0 0 rg BT 180.95 246.00 Td (entry ) Tj ET Q q 0 0 0 rg BT 199.15 246.00 Td (into ) Tj ET Q q 0 0 0 rg BT 213.37 246.00 Td (trading ) Tj ET Q q 0 0 0 rg BT 237.79 246.00 Td (of ) Tj ET Q q 0 0 0 rg BT 246.23 246.00 Td (previously ) Tj ET Q q 0 0 0 rg BT 281.77 246.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 303.54 246.00 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 344.84 246.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 366.61 246.00 Td (of ) Tj ET Q q 0 0 0 rg BT 375.04 246.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 393.75 246.00 Td (A) Tj ET Q q 0 0 0 rg BT 399.09 246.00 Td ( ) Tj ET Q q 0 0 0 rg BT 400.86 246.00 Td (common ) Tj ET Q q 0 0 0 rg BT 430.62 246.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 449.28 246.00 Td (will ) Tj ET Q q 0 0 0 rg BT 463.49 246.00 Td (have ) Tj ET Q q 0 0 0 rg BT 480.36 246.00 Td (on ) Tj ET Q q 0 0 0 rg BT 490.13 246.00 Td (the ) Tj ET Q q 0 0 0 rg BT 501.67 246.00 Td (market ) Tj ET Q q 0 0 0 rg BT 525.65 246.00 Td (price ) Tj ET Q q 0 0 0 rg BT 543.41 246.00 Td (of ) Tj ET Q q 0 0 0 rg BT 551.84 246.00 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 236.40 Td (shares. ) Tj ET Q q 0 0 0 rg BT 73.14 236.40 Td (W) Tj ET Q q 0 0 0 rg BT 80.05 236.40 Td (e ) Tj ET Q q 0 0 0 rg BT 85.38 236.40 Td (may ) Tj ET Q q 0 0 0 rg BT 100.93 236.40 Td (also ) Tj ET Q q 0 0 0 rg BT 115.60 236.40 Td (issue ) Tj ET Q q 0 0 0 rg BT 133.38 236.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 167.15 236.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 188.92 236.40 Td (of ) Tj ET Q q 0 0 0 rg BT 197.36 236.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 216.08 236.40 Td (A) Tj ET Q q 0 0 0 rg BT 221.42 236.40 Td ( ) Tj ET Q q 0 0 0 rg BT 223.20 236.40 Td (common ) Tj ET Q q 0 0 0 rg BT 252.97 236.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 271.64 236.40 Td (or ) Tj ET Q q 0 0 0 rg BT 280.08 236.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 312.07 236.40 Td (convertible ) Tj ET Q q 0 0 0 rg BT 349.83 236.40 Td (into ) Tj ET Q q 0 0 0 rg BT 364.05 236.40 Td (our ) Tj ET Q q 0 0 0 rg BT 376.50 236.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 398.27 236.40 Td (in ) Tj ET Q q 0 0 0 rg BT 406.27 236.40 Td (the ) Tj ET Q q 0 0 0 rg BT 417.82 236.40 Td (future. ) Tj ET Q q 0 0 0 rg BT 440.70 236.40 Td (If ) Tj ET Q q 0 0 0 rg BT 447.81 236.40 Td (more ) Tj ET Q q 0 0 0 rg BT 466.02 236.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 487.80 236.40 Td (of ) Tj ET Q q 0 0 0 rg BT 496.24 236.40 Td (our ) Tj ET Q q 0 0 0 rg BT 508.68 236.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 527.40 236.40 Td (A) Tj ET Q q 0 0 0 rg BT 532.74 236.40 Td ( ) Tj ET Q q 0 0 0 rg BT 534.52 236.40 Td (common ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 226.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 69.02 226.80 Td (\(or ) Tj ET Q q 0 0 0 rg BT 80.99 226.80 Td (securities ) Tj ET Q q 0 0 0 rg BT 113.83 226.80 Td (convertible ) Tj ET Q q 0 0 0 rg BT 152.45 226.80 Td (into ) Tj ET Q q 0 0 0 rg BT 167.53 226.80 Td (or ) Tj ET Q q 0 0 0 rg BT 176.83 226.80 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 223.00 226.80 Td (for ) Tj ET Q q 0 0 0 rg BT 234.96 226.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 257.59 226.80 Td (of ) Tj ET Q q 0 0 0 rg BT 266.89 226.80 Td (our ) Tj ET Q q 0 0 0 rg BT 280.19 226.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 299.58 226.80 Td (A) Tj ET Q q 0 0 0 rg BT 304.91 226.80 Td ( ) Tj ET Q q 0 0 0 rg BT 307.55 226.80 Td (common ) Tj ET Q q 0 0 0 rg BT 338.18 226.80 Td (stock\) ) Tj ET Q q 0 0 0 rg BT 360.37 226.80 Td (are ) Tj ET Q q 0 0 0 rg BT 372.77 226.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 395.41 226.80 Td (to ) Tj ET Q q 0 0 0 rg BT 404.07 226.80 Td (W) Tj ET Q q 0 0 0 rg BT 410.98 226.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 430.05 226.80 Td (Media, ) Tj ET Q q 0 0 0 rg BT 455.12 226.80 Td (the ) Tj ET Q q 0 0 0 rg BT 467.53 226.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 501.27 226.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 530.56 226.80 Td (of ) Tj ET Q q 0 0 0 rg BT 539.86 226.80 Td (current ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 217.20 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 91.93 217.20 Td (may ) Tj ET Q q 0 0 0 rg BT 107.70 217.20 Td (be ) Tj ET Q q 0 0 0 rg BT 117.25 217.20 Td (diluted ) Tj ET Q q 0 0 0 rg BT 141.47 217.20 Td (and ) Tj ET Q q 0 0 0 rg BT 155.02 217.20 Td (the ) Tj ET Q q 0 0 0 rg BT 166.80 217.20 Td (price ) Tj ET Q q 0 0 0 rg BT 184.79 217.20 Td (of ) Tj ET Q q 0 0 0 rg BT 193.45 217.20 Td (our ) Tj ET Q q 0 0 0 rg BT 206.11 217.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 228.11 217.20 Td (may ) Tj ET Q q 0 0 0 rg BT 243.88 217.20 Td (be ) Tj ET Q q 0 0 0 rg BT 253.43 217.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 286.08 217.20 Td (af) Tj ET Q q 0 0 0 rg BT 292.15 217.20 Td (fected.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 201.60 Td (The ) Tj ET Q q 0 0 0 rg BT 64.39 201.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 93.95 201.60 Td (of ) Tj ET Q q 0 0 0 rg BT 102.31 201.60 Td (A) Tj ET Q q 0 0 0 rg BT 107.21 201.60 Td (T&T ) Tj ET Q q 0 0 0 rg BT 125.20 201.60 Td (may ) Tj ET Q q 0 0 0 rg BT 140.98 201.60 Td (conflict ) Tj ET Q q 0 0 0 rg BT 167.86 201.60 Td (with ) Tj ET Q q 0 0 0 rg BT 184.09 201.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.31 201.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 225.87 201.60 Td (of ) Tj ET Q q 0 0 0 rg BT 234.54 201.60 Td (other ) Tj ET Q q 0 0 0 rg BT 253.87 201.60 Td (investors.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 186.00 Td (Through ) Tj ET Q q 0 0 0 rg BT 79.27 186.00 Td (its ) Tj ET Q q 0 0 0 rg BT 89.04 186.00 Td (wholly ) Tj ET Q q 0 0 0 rg BT 113.48 186.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 137.02 186.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 176.85 186.00 Td (W) Tj ET Q q 0 0 0 rg BT 183.76 186.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 202.41 186.00 Td (Media ) Tj ET Q q 0 0 0 rg BT 225.06 186.00 Td (and ) Tj ET Q q 0 0 0 rg BT 238.67 186.00 Td (TW) Tj ET Q q 0 0 0 rg BT 250.96 186.00 Td ( ) Tj ET Q q 0 0 0 rg BT 253.18 186.00 Td (Investor) Tj ET Q q 0 0 0 rg BT 279.07 186.00 Td (, ) Tj ET Q q 0 0 0 rg BT 283.29 186.00 Td (the ) Tj ET Q q 0 0 0 rg BT 295.28 186.00 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 328.58 186.00 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 362.33 186.00 Td (ownership ) Tj ET Q q 0 0 0 rg BT 397.88 186.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 423.64 186.00 Td (of ) Tj ET Q q 0 0 0 rg BT 432.03 186.00 Td (A) Tj ET Q q 0 0 0 rg BT 436.92 186.00 Td (T&T) Tj ET Q q 0 0 0 rg BT 452.77 186.00 Td ( ) Tj ET Q q 0 0 0 rg BT 454.99 186.00 Td (in ) Tj ET Q q 0 0 0 rg BT 463.43 186.00 Td (the ) Tj ET Q q 0 0 0 rg BT 475.42 186.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 508.74 186.00 Td (is ) Tj ET Q q 0 0 0 rg BT 516.29 186.00 Td (approximately ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 176.40 Td (75.9%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.16 176.40 Td ( ) Tj ET Q q 0 0 0 rg BT 72.13 176.40 Td (In ) Tj ET Q q 0 0 0 rg BT 80.76 176.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 117.82 176.40 Td (with ) Tj ET Q q 0 0 0 rg BT 134.01 176.40 Td (the ) Tj ET Q q 0 0 0 rg BT 145.75 176.40 Td (exercise ) Tj ET Q q 0 0 0 rg BT 173.92 176.40 Td (of ) Tj ET Q q 0 0 0 rg BT 182.55 176.40 Td (the ) Tj ET Q q 0 0 0 rg BT 194.29 176.40 Td (warrants ) Tj ET Q q 0 0 0 rg BT 223.80 176.40 Td (by ) Tj ET Q q 0 0 0 rg BT 233.62 176.40 Td (W) Tj ET Q q 0 0 0 rg BT 240.53 176.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 258.93 176.40 Td (Media ) Tj ET Q q 0 0 0 rg BT 281.33 176.40 Td (and ) Tj ET Q q 0 0 0 rg BT 294.71 176.40 Td (TW) Tj ET Q q 0 0 0 rg BT 307.00 176.40 Td ( ) Tj ET Q q 0 0 0 rg BT 308.96 176.40 Td (Investor ) Tj ET Q q 0 0 0 rg BT 337.14 176.40 Td (in ) Tj ET Q q 0 0 0 rg BT 344.90 176.40 Td (April ) Tj ET Q q 0 0 0 rg BT 363.75 176.40 Td (2018, ) Tj ET Q q 0 0 0 rg BT 383.72 176.40 Td (each ) Tj ET Q q 0 0 0 rg BT 400.34 176.40 Td (of ) Tj ET Q q 0 0 0 rg BT 408.97 176.40 Td (them ) Tj ET Q q 0 0 0 rg BT 426.93 176.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 448.89 176.40 Td (standing ) Tj ET Q q 0 0 0 rg BT 477.97 176.40 Td (proxies ) Tj ET Q q 0 0 0 rg BT 503.48 176.40 Td (to ) Tj ET Q q 0 0 0 rg BT 511.67 176.40 Td (the ) Tj ET Q q 0 0 0 rg BT 523.41 176.40 Td (independent ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 166.80 Td (directors ) Tj ET Q q 0 0 0 rg BT 79.29 166.80 Td (of ) Tj ET Q q 0 0 0 rg BT 87.77 166.80 Td (the ) Tj ET Q q 0 0 0 rg BT 99.35 166.80 Td (Company) Tj ET Q q 0 0 0 rg BT 129.94 166.80 Td (, ) Tj ET Q q 0 0 0 rg BT 133.74 166.80 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 163.10 166.80 Td (to ) Tj ET Q q 0 0 0 rg BT 171.13 166.80 Td (which ) Tj ET Q q 0 0 0 rg BT 192.49 166.80 Td (it ) Tj ET Q q 0 0 0 rg BT 198.74 166.80 Td (granted ) Tj ET Q q 0 0 0 rg BT 224.53 166.80 Td (the ) Tj ET Q q 0 0 0 rg BT 236.11 166.80 Td (right ) Tj ET Q q 0 0 0 rg BT 253.03 166.80 Td (to ) Tj ET Q q 0 0 0 rg BT 261.06 166.80 Td (vote ) Tj ET Q q 0 0 0 rg BT 276.64 166.80 Td (the ) Tj ET Q q 0 0 0 rg BT 288.22 166.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 310.02 166.80 Td (received ) Tj ET Q q 0 0 0 rg BT 338.91 166.80 Td (on ) Tj ET Q q 0 0 0 rg BT 348.72 166.80 Td (the ) Tj ET Q q 0 0 0 rg BT 360.30 166.80 Td (exercise ) Tj ET Q q 0 0 0 rg BT 388.31 166.80 Td (of ) Tj ET Q q 0 0 0 rg BT 396.78 166.80 Td (those ) Tj ET Q q 0 0 0 rg BT 415.47 166.80 Td (warrants ) Tj ET Q q 0 0 0 rg BT 444.82 166.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 459.07 166.80 Td (W) Tj ET Q q 0 0 0 rg BT 469.53 166.80 Td (arrant ) Tj ET Q q 0 0 0 rg BT 489.99 166.80 Td (Shares\) ) Tj ET Q q 0 0 0 rg BT 519.34 166.80 Td (on ) Tj ET Q q 0 0 0 rg BT 529.14 166.80 Td (all ) Tj ET Q q 0 0 0 rg BT 538.95 166.80 Td (matters ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 157.20 Td (other ) Tj ET Q q 0 0 0 rg BT 67.70 157.20 Td (than ) Tj ET Q q 0 0 0 rg BT 83.24 157.20 Td (a ) Tj ET Q q 0 0 0 rg BT 88.55 157.20 Td (change ) Tj ET Q q 0 0 0 rg BT 112.96 157.20 Td (in ) Tj ET Q q 0 0 0 rg BT 120.95 157.20 Td (control. ) Tj ET Q q 0 0 0 rg BT 147.37 157.20 Td (In ) Tj ET Q q 0 0 0 rg BT 155.80 157.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 193.53 157.20 Td (with ) Tj ET Q q 0 0 0 rg BT 209.52 157.20 Td (these ) Tj ET Q q 0 0 0 rg BT 227.72 157.20 Td (proxies, ) Tj ET Q q 0 0 0 rg BT 255.03 157.20 Td (the ) Tj ET Q q 0 0 0 rg BT 266.44 157.20 Td (W) Tj ET Q q 0 0 0 rg BT 273.35 157.20 Td (arrant ) Tj ET Q q 0 0 0 rg BT 293.76 157.20 Td (Shares ) Tj ET Q q 0 0 0 rg BT 316.85 157.20 Td (will ) Tj ET Q q 0 0 0 rg BT 331.06 157.20 Td (be ) Tj ET Q q 0 0 0 rg BT 340.38 157.20 Td (voted ) Tj ET Q q 0 0 0 rg BT 359.91 157.20 Td (in ) Tj ET Q q 0 0 0 rg BT 367.90 157.20 Td (proportion ) Tj ET Q q 0 0 0 rg BT 403.43 157.20 Td (to ) Tj ET Q q 0 0 0 rg BT 411.42 157.20 Td (votes ) Tj ET Q q 0 0 0 rg BT 430.07 157.20 Td (cast ) Tj ET Q q 0 0 0 rg BT 444.27 157.20 Td (at ) Tj ET Q q 0 0 0 rg BT 451.81 157.20 Td (a ) Tj ET Q q 0 0 0 rg BT 457.12 157.20 Td (general ) Tj ET Q q 0 0 0 rg BT 482.42 157.20 Td (meeting ) Tj ET Q q 0 0 0 rg BT 509.95 157.20 Td (of ) Tj ET Q q 0 0 0 rg BT 518.38 157.20 Td (the ) Tj ET Q q 0 0 0 rg BT 529.92 157.20 Td (Company) Tj ET Q q 0 0 0 rg BT 560.51 157.20 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 147.60 Td (excluding ) Tj ET Q q 0 0 0 rg BT 83.32 147.60 Td (such ) Tj ET Q q 0 0 0 rg BT 100.09 147.60 Td (W) Tj ET Q q 0 0 0 rg BT 107.00 147.60 Td (arrant ) Tj ET Q q 0 0 0 rg BT 127.92 147.60 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 153.35 147.60 Td (W) Tj ET Q q 0 0 0 rg BT 160.26 147.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 178.96 147.60 Td (Media ) Tj ET Q q 0 0 0 rg BT 201.67 147.60 Td (and ) Tj ET Q q 0 0 0 rg BT 215.32 147.60 Td (TW) Tj ET Q q 0 0 0 rg BT 227.62 147.60 Td ( ) Tj ET Q q 0 0 0 rg BT 229.89 147.60 Td (Investor ) Tj ET Q q 0 0 0 rg BT 258.37 147.60 Td (have ) Tj ET Q q 0 0 0 rg BT 275.74 147.60 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 313.55 147.60 Td (to ) Tj ET Q q 0 0 0 rg BT 322.04 147.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 352.30 147.60 Td (this ) Tj ET Q q 0 0 0 rg BT 366.13 147.60 Td (proxy ) Tj ET Q q 0 0 0 rg BT 387.07 147.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 429.31 147.60 Td (until ) Tj ET Q q 0 0 0 rg BT 445.75 147.60 Td (April ) Tj ET Q q 0 0 0 rg BT 464.91 147.60 Td (2020 ) Tj ET Q q 0 0 0 rg BT 483.17 147.60 Td (and ) Tj ET Q q 0 0 0 rg BT 497.00 147.60 Td (may ) Tj ET Q q 0 0 0 rg BT 513.04 147.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 536.63 147.60 Td (it ) Tj ET Q q 0 0 0 rg BT 543.35 147.60 Td (for ) Tj ET Q q 0 0 0 rg BT 554.94 147.60 Td (an ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 138.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 83.56 138.00 Td (year ) Tj ET Q q 0 0 0 rg BT 99.39 138.00 Td (at ) Tj ET Q q 0 0 0 rg BT 107.24 138.00 Td (their ) Tj ET Q q 0 0 0 rg BT 123.96 138.00 Td (option. ) Tj ET Q q 0 0 0 rg BT 148.48 138.00 Td (In ) Tj ET Q q 0 0 0 rg BT 157.21 138.00 Td (addition ) Tj ET Q q 0 0 0 rg BT 185.50 138.00 Td (to ) Tj ET Q q 0 0 0 rg BT 193.79 138.00 Td (the ) Tj ET Q q 0 0 0 rg BT 205.48 138.00 Td (W) Tj ET Q q 0 0 0 rg BT 212.39 138.00 Td (arrant ) Tj ET Q q 0 0 0 rg BT 233.11 138.00 Td (Shares ) Tj ET Q q 0 0 0 rg BT 256.51 138.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 281.24 138.00 Td (to ) Tj ET Q q 0 0 0 rg BT 289.53 138.00 Td (the ) Tj ET Q q 0 0 0 rg BT 301.37 138.00 Td (standing ) Tj ET Q q 0 0 0 rg BT 330.55 138.00 Td (proxies, ) Tj ET Q q 0 0 0 rg BT 357.71 138.00 Td (A) Tj ET Q q 0 0 0 rg BT 362.60 138.00 Td (T&T) Tj ET Q q 0 0 0 rg BT 378.45 138.00 Td ( ) Tj ET Q q 0 0 0 rg BT 380.52 138.00 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 420.35 138.00 Td (owns ) Tj ET Q q 0 0 0 rg BT 439.31 138.00 Td (61,407,775 ) Tj ET Q q 0 0 0 rg BT 477.37 138.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 499.44 138.00 Td (of ) Tj ET Q q 0 0 0 rg BT 508.17 138.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 527.12 138.00 Td (A) Tj ET Q q 0 0 0 rg BT 532.45 138.00 Td ( ) Tj ET Q q 0 0 0 rg BT 534.52 138.00 Td (common ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 128.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 69.04 128.40 Td (and ) Tj ET Q q 0 0 0 rg BT 83.25 128.40 Td (one ) Tj ET Q q 0 0 0 rg BT 97.46 128.40 Td (share ) Tj ET Q q 0 0 0 rg BT 117.00 128.40 Td (of ) Tj ET Q q 0 0 0 rg BT 126.32 128.40 Td (the ) Tj ET Q q 0 0 0 rg BT 138.75 128.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 160.38 128.40 Td (A) Tj ET Q q 0 0 0 rg BT 165.71 128.40 Td ( ) Tj ET Q q 0 0 0 rg BT 168.37 128.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 200.79 128.40 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 223.67 128.40 Td (which ) Tj ET Q q 0 0 0 rg BT 245.88 128.40 Td (is ) Tj ET Q q 0 0 0 rg BT 253.87 128.40 Td (entitled ) Tj ET Q q 0 0 0 rg BT 280.52 128.40 Td (to ) Tj ET Q q 0 0 0 rg BT 289.40 128.40 Td (one ) Tj ET Q q 0 0 0 rg BT 303.61 128.40 Td (vote ) Tj ET Q q 0 0 0 rg BT 320.04 128.40 Td (for ) Tj ET Q q 0 0 0 rg BT 332.03 128.40 Td (each ) Tj ET Q q 0 0 0 rg BT 349.34 128.40 Td (of ) Tj ET Q q 0 0 0 rg BT 358.66 128.40 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.09 128.40 Td (1) Tj ET Q q 0 0 0 rg BT 374.80 128.40 Td (1,21) Tj ET Q q 0 0 0 rg BT 388.50 128.40 Td (1,449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.50 128.40 Td ( ) Tj ET Q q 0 0 0 rg BT 409.16 128.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 431.81 128.40 Td (of ) Tj ET Q q 0 0 0 rg BT 441.13 128.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 460.54 128.40 Td (A) Tj ET Q q 0 0 0 rg BT 465.87 128.40 Td ( ) Tj ET Q q 0 0 0 rg BT 468.53 128.40 Td (common ) Tj ET Q q 0 0 0 rg BT 499.19 128.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 518.73 128.40 Td (underlying ) Tj ET Q q 0 0 0 rg BT 556.05 128.40 Td (it. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 118.80 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 92.95 118.80 Td (A) Tj ET Q q 0 0 0 rg BT 97.84 118.80 Td (T&T) Tj ET Q q 0 0 0 rg BT 113.70 118.80 Td ( ) Tj ET Q q 0 0 0 rg BT 115.58 118.80 Td (has ) Tj ET Q q 0 0 0 rg BT 128.12 118.80 Td (the ) Tj ET Q q 0 0 0 rg BT 139.78 118.80 Td (right ) Tj ET Q q 0 0 0 rg BT 156.77 118.80 Td (to ) Tj ET Q q 0 0 0 rg BT 164.87 118.80 Td (appoint ) Tj ET Q q 0 0 0 rg BT 190.75 118.80 Td (one ) Tj ET Q q 0 0 0 rg BT 204.18 118.80 Td (less ) Tj ET Q q 0 0 0 rg BT 218.06 118.80 Td (than ) Tj ET Q q 0 0 0 rg BT 233.71 118.80 Td (the ) Tj ET Q q 0 0 0 rg BT 245.37 118.80 Td (number ) Tj ET Q q 0 0 0 rg BT 271.69 118.80 Td (required ) Tj ET Q q 0 0 0 rg BT 300.22 118.80 Td (to ) Tj ET Q q 0 0 0 rg BT 308.32 118.80 Td (constitute ) Tj ET Q q 0 0 0 rg BT 341.31 118.80 Td (a ) Tj ET Q q 0 0 0 rg BT 346.74 118.80 Td (majority ) Tj ET Q q 0 0 0 rg BT 375.73 118.80 Td (of ) Tj ET Q q 0 0 0 rg BT 384.27 118.80 Td (our ) Tj ET Q q 0 0 0 rg BT 396.82 118.80 Td (board ) Tj ET Q q 0 0 0 rg BT 416.91 118.80 Td (of ) Tj ET Q q 0 0 0 rg BT 425.46 118.80 Td (directors, ) Tj ET Q q 0 0 0 rg BT 457.33 118.80 Td (provided ) Tj ET Q q 0 0 0 rg BT 487.65 118.80 Td (that ) Tj ET Q q 0 0 0 rg BT 501.11 118.80 Td (A) Tj ET Q q 0 0 0 rg BT 506.00 118.80 Td (T&T) Tj ET Q q 0 0 0 rg BT 521.85 118.80 Td ( ) Tj ET Q q 0 0 0 rg BT 523.73 118.80 Td (continues ) Tj ET Q q 0 0 0 rg BT 556.27 118.80 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 109.20 Td (own ) Tj ET Q q 0 0 0 rg BT 65.04 109.20 Td (not ) Tj ET Q q 0 0 0 rg BT 77.02 109.20 Td (less ) Tj ET Q q 0 0 0 rg BT 90.78 109.20 Td (than ) Tj ET Q q 0 0 0 rg BT 106.31 109.20 Td (40% ) Tj ET Q q 0 0 0 rg BT 122.73 109.20 Td (of ) Tj ET Q q 0 0 0 rg BT 131.15 109.20 Td (the ) Tj ET Q q 0 0 0 rg BT 142.69 109.20 Td (voting ) Tj ET Q q 0 0 0 rg BT 164.89 109.20 Td (power ) Tj ET Q q 0 0 0 rg BT 186.64 109.20 Td (of ) Tj ET Q q 0 0 0 rg BT 195.06 109.20 Td (the ) Tj ET Q q 0 0 0 rg BT 206.60 109.20 Td (Company) Tj ET Q q 0 0 0 rg BT 237.19 109.20 Td (. ) Tj ET Q q 0 0 0 rg BT 240.56 109.20 Td (As ) Tj ET Q q 0 0 0 rg BT 251.21 109.20 Td (such, ) Tj ET Q q 0 0 0 rg BT 269.24 109.20 Td (A) Tj ET Q q 0 0 0 rg BT 274.13 109.20 Td (T&T) Tj ET Q q 0 0 0 rg BT 289.98 109.20 Td ( ) Tj ET Q q 0 0 0 rg BT 291.74 109.20 Td (is ) Tj ET Q q 0 0 0 rg BT 298.84 109.20 Td (in ) Tj ET Q q 0 0 0 rg BT 306.82 109.20 Td (a ) Tj ET Q q 0 0 0 rg BT 312.13 109.20 Td (position ) Tj ET Q q 0 0 0 rg BT 339.67 109.20 Td (to ) Tj ET Q q 0 0 0 rg BT 347.65 109.20 Td (exercise ) Tj ET Q q 0 0 0 rg BT 375.61 109.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 411.14 109.20 Td (influence ) Tj ET Q q 0 0 0 rg BT 442.66 109.20 Td (over ) Tj ET Q q 0 0 0 rg BT 458.63 109.20 Td (the ) Tj ET Q q 0 0 0 rg BT 470.17 109.20 Td (outcome ) Tj ET Q q 0 0 0 rg BT 499.47 109.20 Td (of ) Tj ET Q q 0 0 0 rg BT 507.89 109.20 Td (corporate ) Tj ET Q q 0 0 0 rg BT 539.86 109.20 Td (actions ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 99.60 Td (requiring ) Tj ET Q q 0 0 0 rg BT 80.82 99.60 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 120.14 99.60 Td (approval, ) Tj ET Q q 0 0 0 rg BT 152.13 99.60 Td (such ) Tj ET Q q 0 0 0 rg BT 168.79 99.60 Td (as ) Tj ET Q q 0 0 0 rg BT 177.46 99.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.23 99.60 Td (election ) Tj ET Q q 0 0 0 rg BT 216.55 99.60 Td (of ) Tj ET Q q 0 0 0 rg BT 225.21 99.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 255.20 99.60 Td (or ) Tj ET Q q 0 0 0 rg BT 263.87 99.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 287.63 99.60 Td (transactions.) Tj ET Q endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 723.50 Td (e ) Tj ET Q q 0 0 0 rg BT 61.91 723.50 Td (are ) Tj ET Q q 0 0 0 rg BT 73.63 723.50 Td (also ) Tj ET Q q 0 0 0 rg BT 88.46 723.50 Td (party ) Tj ET Q q 0 0 0 rg BT 106.85 723.50 Td (to ) Tj ET Q q 0 0 0 rg BT 115.02 723.50 Td (an ) Tj ET Q q 0 0 0 rg BT 124.52 723.50 Td (amended ) Tj ET Q q 0 0 0 rg BT 155.34 723.50 Td (investor ) Tj ET Q q 0 0 0 rg BT 183.07 723.50 Td (rights ) Tj ET Q q 0 0 0 rg BT 203.24 723.50 Td (agreement ) Tj ET Q q 0 0 0 rg BT 238.50 723.50 Td (with ) Tj ET Q q 0 0 0 rg BT 254.53 723.50 Td (W) Tj ET Q q 0 0 0 rg BT 261.44 723.50 Td (arner ) Tj ET Q q 0 0 0 rg BT 279.82 723.50 Td (Media ) Tj ET Q q 0 0 0 rg BT 302.21 723.50 Td (and ) Tj ET Q q 0 0 0 rg BT 315.71 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 327.43 723.50 Td (other ) Tj ET Q q 0 0 0 rg BT 345.82 723.50 Td (parties ) Tj ET Q q 0 0 0 rg BT 369.09 723.50 Td (thereto ) Tj ET Q q 0 0 0 rg BT 393.25 723.50 Td (under ) Tj ET Q q 0 0 0 rg BT 413.41 723.50 Td (which, ) Tj ET Q q 0 0 0 rg BT 436.91 723.50 Td (among ) Tj ET Q q 0 0 0 rg BT 460.64 723.50 Td (other ) Tj ET Q q 0 0 0 rg BT 479.02 723.50 Td (things, ) Tj ET Q q 0 0 0 rg BT 502.39 723.50 Td (W) Tj ET Q q 0 0 0 rg BT 509.30 723.50 Td (arner ) Tj ET Q q 0 0 0 rg BT 527.68 723.50 Td (Media ) Tj ET Q q 0 0 0 rg BT 550.07 723.50 Td (was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 713.90 Td (granted ) Tj ET Q q 0 0 0 rg BT 75.69 713.90 Td (a ) Tj ET Q q 0 0 0 rg BT 81.45 713.90 Td (contractual ) Tj ET Q q 0 0 0 rg BT 119.19 713.90 Td (preemptive ) Tj ET Q q 0 0 0 rg BT 157.38 713.90 Td (right ) Tj ET Q q 0 0 0 rg BT 174.69 713.90 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 202.22 713.90 Td (to ) Tj ET Q q 0 0 0 rg BT 210.64 713.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 234.61 713.90 Td (exclusions\) ) Tj ET Q q 0 0 0 rg BT 273.25 713.90 Td (with ) Tj ET Q q 0 0 0 rg BT 289.68 713.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 314.53 713.90 Td (to ) Tj ET Q q 0 0 0 rg BT 322.96 713.90 Td (issuances ) Tj ET Q q 0 0 0 rg BT 355.38 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 364.25 713.90 Td (the ) Tj ET Q q 0 0 0 rg BT 376.23 713.90 Td (Company) Tj ET Q q 0 0 0 rg BT 409.56 713.90 Td (s ) Tj ET Q q 0 0 0 rg BT 414.88 713.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 437.08 713.90 Td (securities, ) Tj ET Q q 0 0 0 rg BT 471.49 713.90 Td (which ) Tj ET Q q 0 0 0 rg BT 493.25 713.90 Td (permits ) Tj ET Q q 0 0 0 rg BT 519.45 713.90 Td (it ) Tj ET Q q 0 0 0 rg BT 526.09 713.90 Td (to ) Tj ET Q q 0 0 0 rg BT 534.52 713.90 Td (maintain ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 704.30 Td (its ) Tj ET Q q 0 0 0 rg BT 58.97 704.30 Td (pro ) Tj ET Q q 0 0 0 rg BT 71.54 704.30 Td (rata ) Tj ET Q q 0 0 0 rg BT 85.44 704.30 Td (economic ) Tj ET Q q 0 0 0 rg BT 118.45 704.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 143.91 704.30 Td (as ) Tj ET Q q 0 0 0 rg BT 152.49 704.30 Td (well ) Tj ET Q q 0 0 0 rg BT 168.17 704.30 Td (as ) Tj ET Q q 0 0 0 rg BT 176.75 704.30 Td (a ) Tj ET Q q 0 0 0 rg BT 182.21 704.30 Td (right ) Tj ET Q q 0 0 0 rg BT 199.23 704.30 Td (to ) Tj ET Q q 0 0 0 rg BT 207.36 704.30 Td (top ) Tj ET Q q 0 0 0 rg BT 219.50 704.30 Td (any ) Tj ET Q q 0 0 0 rg BT 232.96 704.30 Td (of) Tj ET Q q 0 0 0 rg BT 239.48 704.30 Td (fer ) Tj ET Q q 0 0 0 rg BT 250.27 704.30 Td (that ) Tj ET Q q 0 0 0 rg BT 264.17 704.30 Td (would ) Tj ET Q q 0 0 0 rg BT 286.09 704.30 Td (result ) Tj ET Q q 0 0 0 rg BT 305.77 704.30 Td (in ) Tj ET Q q 0 0 0 rg BT 313.90 704.30 Td (a ) Tj ET Q q 0 0 0 rg BT 319.37 704.30 Td (change ) Tj ET Q q 0 0 0 rg BT 343.93 704.30 Td (of ) Tj ET Q q 0 0 0 rg BT 352.50 704.30 Td (control ) Tj ET Q q 0 0 0 rg BT 377.08 704.30 Td (of ) Tj ET Q q 0 0 0 rg BT 385.65 704.30 Td (the ) Tj ET Q q 0 0 0 rg BT 397.34 704.30 Td (Company) Tj ET Q q 0 0 0 rg BT 427.93 704.30 Td (. ) Tj ET Q q 0 0 0 rg BT 431.84 704.30 Td (Under ) Tj ET Q q 0 0 0 rg BT 453.74 704.30 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 484.98 704.30 Td (law) Tj ET Q q 0 0 0 rg BT 496.01 704.30 Td (, ) Tj ET Q q 0 0 0 rg BT 499.92 704.30 Td (there ) Tj ET Q q 0 0 0 rg BT 517.82 704.30 Td (is ) Tj ET Q q 0 0 0 rg BT 525.06 704.30 Td (no ) Tj ET Q q 0 0 0 rg BT 534.98 704.30 Td (takeover ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 694.70 Td (code ) Tj ET Q q 0 0 0 rg BT 66.72 694.70 Td (or ) Tj ET Q q 0 0 0 rg BT 75.50 694.70 Td (similar ) Tj ET Q q 0 0 0 rg BT 99.83 694.70 Td (legislation ) Tj ET Q q 0 0 0 rg BT 135.27 694.70 Td (requiring ) Tj ET Q q 0 0 0 rg BT 166.71 694.70 Td (an ) Tj ET Q q 0 0 0 rg BT 176.38 694.70 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 204.70 694.70 Td (of ) Tj ET Q q 0 0 0 rg BT 213.48 694.70 Td (a ) Tj ET Q q 0 0 0 rg BT 219.14 694.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 243.02 694.70 Td (percentage ) Tj ET Q q 0 0 0 rg BT 279.78 694.70 Td (of ) Tj ET Q q 0 0 0 rg BT 288.55 694.70 Td (our ) Tj ET Q q 0 0 0 rg BT 301.33 694.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 320.32 694.70 Td (A) Tj ET Q q 0 0 0 rg BT 325.65 694.70 Td ( ) Tj ET Q q 0 0 0 rg BT 327.77 694.70 Td (common ) Tj ET Q q 0 0 0 rg BT 357.88 694.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 376.88 694.70 Td (to ) Tj ET Q q 0 0 0 rg BT 385.22 694.70 Td (tender ) Tj ET Q q 0 0 0 rg BT 407.32 694.70 Td (for ) Tj ET Q q 0 0 0 rg BT 418.77 694.70 Td (the ) Tj ET Q q 0 0 0 rg BT 430.66 694.70 Td (remaining ) Tj ET Q q 0 0 0 rg BT 465.21 694.70 Td (publically ) Tj ET Q q 0 0 0 rg BT 499.31 694.70 Td (held ) Tj ET Q q 0 0 0 rg BT 515.20 694.70 Td (shares. ) Tj ET Q q 0 0 0 rg BT 539.16 694.70 Td (W) Tj ET Q q 0 0 0 rg BT 546.07 694.70 Td (arner ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 685.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 71.62 685.10 Td (is ) Tj ET Q q 0 0 0 rg BT 78.64 685.10 Td (also ) Tj ET Q q 0 0 0 rg BT 93.21 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 105.56 685.10 Td (lar) Tj ET Q q 0 0 0 rg BT 113.86 685.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 128.43 685.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 154.54 685.10 Td (creditor) Tj ET Q q 0 0 0 rg BT 179.10 685.10 Td (, ) Tj ET Q q 0 0 0 rg BT 182.78 685.10 Td (as ) Tj ET Q q 0 0 0 rg BT 191.13 685.10 Td (it ) Tj ET Q q 0 0 0 rg BT 197.26 685.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 233.15 685.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 253.50 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.84 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 274.19 685.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 313.21 685.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 334.44 685.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 377.45 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.69 685.10 Td (is ) Tj ET Q q 0 0 0 rg BT 397.71 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.17 685.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 430.84 685.10 Td (under ) Tj ET Q q 0 0 0 rg BT 450.74 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.20 685.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 479.88 685.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 514.90 685.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 536.58 685.10 Td (Facility) Tj ET Q q 0 0 0 rg BT 560.50 685.10 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 675.50 Td (The ) Tj ET Q q 0 0 0 rg BT 63.43 675.50 Td (2023 ) Tj ET Q q 0 0 0 rg BT 80.92 675.50 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 115.74 675.50 Td (Credit ) Tj ET Q q 0 0 0 rg BT 137.23 675.50 Td (Facility ) Tj ET Q q 0 0 0 rg BT 163.16 675.50 Td (\(when ) Tj ET Q q 0 0 0 rg BT 184.64 675.50 Td (drawn\) ) Tj ET Q q 0 0 0 rg BT 208.79 675.50 Td (and ) Tj ET Q q 0 0 0 rg BT 221.83 675.50 Td (the ) Tj ET Q q 0 0 0 rg BT 233.09 675.50 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 284.91 675.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 321.94 675.50 Td (contain ) Tj ET Q q 0 0 0 rg BT 346.98 675.50 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 388.89 675.50 Td (covenants ) Tj ET Q q 0 0 0 rg BT 422.37 675.50 Td (in ) Tj ET Q q 0 0 0 rg BT 430.08 675.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 454.22 675.50 Td (of ) Tj ET Q q 0 0 0 rg BT 462.38 675.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 487.41 675.50 Td (cover ) Tj ET Q q 0 0 0 rg BT 506.67 675.50 Td (and ) Tj ET Q q 0 0 0 rg BT 519.71 675.50 Td (total ) Tj ET Q q 0 0 0 rg BT 535.42 675.50 Td (leverage ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 665.90 Td (ratios ) Tj ET Q q 0 0 0 rg BT 69.91 665.90 Td (and ) Tj ET Q q 0 0 0 rg BT 84.09 665.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 113.39 665.90 Td (covenants ) Tj ET Q q 0 0 0 rg BT 148.01 665.90 Td (in ) Tj ET Q q 0 0 0 rg BT 156.86 665.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 182.15 665.90 Td (of ) Tj ET Q q 0 0 0 rg BT 191.45 665.90 Td (the ) Tj ET Q q 0 0 0 rg BT 203.86 665.90 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 240.24 665.90 Td (of ) Tj ET Q q 0 0 0 rg BT 249.54 665.90 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 293.50 665.90 Td (\(including ) Tj ET Q q 0 0 0 rg BT 329.02 665.90 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 368.08 665.90 Td (indebtedness\), ) Tj ET Q q 0 0 0 rg BT 416.70 665.90 Td (the ) Tj ET Q q 0 0 0 rg BT 429.10 665.90 Td (provision ) Tj ET Q q 0 0 0 rg BT 461.96 665.90 Td (of ) Tj ET Q q 0 0 0 rg BT 471.26 665.90 Td (guarantees, ) Tj ET Q q 0 0 0 rg BT 510.10 665.90 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 550.95 665.90 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 656.30 Td (disposal ) Tj ET Q q 0 0 0 rg BT 78.65 656.30 Td (and ) Tj ET Q q 0 0 0 rg BT 93.13 656.30 Td (granting ) Tj ET Q q 0 0 0 rg BT 122.73 656.30 Td (security) Tj ET Q q 0 0 0 rg BT 147.53 656.30 Td (. ) Tj ET Q q 0 0 0 rg BT 151.81 656.30 Td (As ) Tj ET Q q 0 0 0 rg BT 163.64 656.30 Td (such, ) Tj ET Q q 0 0 0 rg BT 183.02 656.30 Td (W) Tj ET Q q 0 0 0 rg BT 189.93 656.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 209.29 656.30 Td (Media ) Tj ET Q q 0 0 0 rg BT 232.66 656.30 Td (may ) Tj ET Q q 0 0 0 rg BT 249.36 656.30 Td (be ) Tj ET Q q 0 0 0 rg BT 259.84 656.30 Td (in ) Tj ET Q q 0 0 0 rg BT 269.00 656.30 Td (a ) Tj ET Q q 0 0 0 rg BT 275.48 656.30 Td (position ) Tj ET Q q 0 0 0 rg BT 304.19 656.30 Td (to ) Tj ET Q q 0 0 0 rg BT 313.34 656.30 Td (determine ) Tj ET Q q 0 0 0 rg BT 348.26 656.30 Td (whether ) Tj ET Q q 0 0 0 rg BT 376.95 656.30 Td (to ) Tj ET Q q 0 0 0 rg BT 386.11 656.30 Td (permit ) Tj ET Q q 0 0 0 rg BT 409.92 656.30 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 453.06 656.30 Td (waive ) Tj ET Q q 0 0 0 rg BT 475.09 656.30 Td (defaults ) Tj ET Q q 0 0 0 rg BT 503.35 656.30 Td (or ) Tj ET Q q 0 0 0 rg BT 512.94 656.30 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 547.84 656.30 Td (such ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 646.70 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 92.38 646.70 Td (or ) Tj ET Q q 0 0 0 rg BT 100.61 646.70 Td (take ) Tj ET Q q 0 0 0 rg BT 115.49 646.70 Td (other ) Tj ET Q q 0 0 0 rg BT 133.49 646.70 Td (steps ) Tj ET Q q 0 0 0 rg BT 151.05 646.70 Td (in ) Tj ET Q q 0 0 0 rg BT 158.84 646.70 Td (its ) Tj ET Q q 0 0 0 rg BT 167.96 646.70 Td (capacity ) Tj ET Q q 0 0 0 rg BT 196.16 646.70 Td (as ) Tj ET Q q 0 0 0 rg BT 204.39 646.70 Td (a ) Tj ET Q q 0 0 0 rg BT 209.50 646.70 Td (secured ) Tj ET Q q 0 0 0 rg BT 235.49 646.70 Td (creditor ) Tj ET Q q 0 0 0 rg BT 261.93 646.70 Td (in ) Tj ET Q q 0 0 0 rg BT 269.71 646.70 Td (a ) Tj ET Q q 0 0 0 rg BT 274.82 646.70 Td (manner ) Tj ET Q q 0 0 0 rg BT 300.37 646.70 Td (that ) Tj ET Q q 0 0 0 rg BT 313.93 646.70 Td (might ) Tj ET Q q 0 0 0 rg BT 334.15 646.70 Td (not ) Tj ET Q q 0 0 0 rg BT 345.94 646.70 Td (be ) Tj ET Q q 0 0 0 rg BT 355.05 646.70 Td (consistent ) Tj ET Q q 0 0 0 rg BT 388.61 646.70 Td (with ) Tj ET Q q 0 0 0 rg BT 404.39 646.70 Td (the ) Tj ET Q q 0 0 0 rg BT 415.72 646.70 Td (interests ) Tj ET Q q 0 0 0 rg BT 443.94 646.70 Td (of ) Tj ET Q q 0 0 0 rg BT 452.17 646.70 Td (the ) Tj ET Q q 0 0 0 rg BT 463.50 646.70 Td (holders ) Tj ET Q q 0 0 0 rg BT 488.61 646.70 Td (of ) Tj ET Q q 0 0 0 rg BT 496.84 646.70 Td (our ) Tj ET Q q 0 0 0 rg BT 509.06 646.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 527.61 646.70 Td (A) Tj ET Q q 0 0 0 rg BT 532.95 646.70 Td ( ) Tj ET Q q 0 0 0 rg BT 534.51 646.70 Td (common ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 637.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 70.13 637.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 113.86 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.82 637.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 145.32 637.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 194.38 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.89 637.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 234.29 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.31 637.10 Td (A) Tj ET Q q 0 0 0 rg BT 247.21 637.10 Td (T&T) Tj ET Q q 0 0 0 rg BT 263.06 637.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.80 637.10 Td (as ) Tj ET Q q 0 0 0 rg BT 273.20 637.10 Td (our ) Tj ET Q q 0 0 0 rg BT 285.61 637.10 Td (lar) Tj ET Q q 0 0 0 rg BT 293.90 637.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 308.53 637.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 341.81 637.10 Td (owner ) Tj ET Q q 0 0 0 rg BT 363.54 637.10 Td (could ) Tj ET Q q 0 0 0 rg BT 383.05 637.10 Td (be ) Tj ET Q q 0 0 0 rg BT 392.35 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.31 637.10 Td (conflict ) Tj ET Q q 0 0 0 rg BT 426.48 637.10 Td (with ) Tj ET Q q 0 0 0 rg BT 442.45 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.96 637.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 482.36 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.77 637.10 Td (minority ) Tj ET Q q 0 0 0 rg BT 520.07 637.10 Td (shareholders.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 621.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.39 621.50 Td (price ) Tj ET Q q 0 0 0 rg BT 82.82 621.50 Td (of ) Tj ET Q q 0 0 0 rg BT 91.49 621.50 Td (our ) Tj ET Q q 0 0 0 rg BT 105.05 621.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 124.54 621.50 Td (A) Tj ET Q q 0 0 0 rg BT 129.43 621.50 Td ( ) Tj ET Q q 0 0 0 rg BT 131.43 621.50 Td (common ) Tj ET Q q 0 0 0 rg BT 161.88 621.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 180.77 621.50 Td (may ) Tj ET Q q 0 0 0 rg BT 196.54 621.50 Td (be ) Tj ET Q q 0 0 0 rg BT 206.09 621.50 Td (volatile.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 605.90 Td (The ) Tj ET Q q 0 0 0 rg BT 63.91 605.90 Td (market ) Tj ET Q q 0 0 0 rg BT 88.10 605.90 Td (price ) Tj ET Q q 0 0 0 rg BT 106.07 605.90 Td (of ) Tj ET Q q 0 0 0 rg BT 114.71 605.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 136.68 605.90 Td (of ) Tj ET Q q 0 0 0 rg BT 145.32 605.90 Td (our ) Tj ET Q q 0 0 0 rg BT 157.96 605.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 176.83 605.90 Td (A) Tj ET Q q 0 0 0 rg BT 182.17 605.90 Td ( ) Tj ET Q q 0 0 0 rg BT 184.15 605.90 Td (common ) Tj ET Q q 0 0 0 rg BT 214.12 605.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 232.98 605.90 Td (may ) Tj ET Q q 0 0 0 rg BT 248.73 605.90 Td (be ) Tj ET Q q 0 0 0 rg BT 258.26 605.90 Td (influenced ) Tj ET Q q 0 0 0 rg BT 294.00 605.90 Td (by ) Tj ET Q q 0 0 0 rg BT 303.97 605.90 Td (many ) Tj ET Q q 0 0 0 rg BT 323.72 605.90 Td (factors, ) Tj ET Q q 0 0 0 rg BT 349.47 605.90 Td (some ) Tj ET Q q 0 0 0 rg BT 368.33 605.90 Td (of ) Tj ET Q q 0 0 0 rg BT 376.97 605.90 Td (which ) Tj ET Q q 0 0 0 rg BT 398.50 605.90 Td (are ) Tj ET Q q 0 0 0 rg BT 410.24 605.90 Td (beyond ) Tj ET Q q 0 0 0 rg BT 435.77 605.90 Td (our ) Tj ET Q q 0 0 0 rg BT 448.41 605.90 Td (control, ) Tj ET Q q 0 0 0 rg BT 475.04 605.90 Td (including ) Tj ET Q q 0 0 0 rg BT 507.24 605.90 Td (but ) Tj ET Q q 0 0 0 rg BT 519.44 605.90 Td (not ) Tj ET Q q 0 0 0 rg BT 531.64 605.90 Td (limited ) Tj ET Q q 0 0 0 rg BT 556.28 605.90 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 596.30 Td (those ) Tj ET Q q 0 0 0 rg BT 68.25 596.30 Td (described ) Tj ET Q q 0 0 0 rg BT 100.77 596.30 Td (above ) Tj ET Q q 0 0 0 rg BT 121.74 596.30 Td (under ) Tj ET Q q 0 0 0 rg BT 141.82 596.30 Td ("Risks ) Tj ET Q q 0 0 0 rg BT 164.74 596.30 Td (Relating ) Tj ET Q q 0 0 0 rg BT 193.71 596.30 Td (to ) Tj ET Q q 0 0 0 rg BT 201.80 596.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 216.11 596.30 Td (Operations" ) Tj ET Q q 0 0 0 rg BT 256.34 596.30 Td (as ) Tj ET Q q 0 0 0 rg BT 264.87 596.30 Td (well ) Tj ET Q q 0 0 0 rg BT 280.51 596.30 Td (as ) Tj ET Q q 0 0 0 rg BT 289.04 596.30 Td (the ) Tj ET Q q 0 0 0 rg BT 300.68 596.30 Td (following: ) Tj ET Q q 0 0 0 rg BT 335.88 596.30 Td (general ) Tj ET Q q 0 0 0 rg BT 361.28 596.30 Td (economic ) Tj ET Q q 0 0 0 rg BT 394.25 596.30 Td (and ) Tj ET Q q 0 0 0 rg BT 407.66 596.30 Td (business ) Tj ET Q q 0 0 0 rg BT 436.64 596.30 Td (trends, ) Tj ET Q q 0 0 0 rg BT 460.06 596.30 Td (variations ) Tj ET Q q 0 0 0 rg BT 493.47 596.30 Td (in ) Tj ET Q q 0 0 0 rg BT 501.56 596.30 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 532.30 596.30 Td (operating ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 586.70 Td (results, ) Tj ET Q q 0 0 0 rg BT 73.71 586.70 Td (license ) Tj ET Q q 0 0 0 rg BT 97.25 586.70 Td (renewals, ) Tj ET Q q 0 0 0 rg BT 129.00 586.70 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 163.20 586.70 Td (developments ) Tj ET Q q 0 0 0 rg BT 208.96 586.70 Td (in ) Tj ET Q q 0 0 0 rg BT 216.51 586.70 Td (our ) Tj ET Q q 0 0 0 rg BT 228.50 586.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 260.04 586.70 Td (countries ) Tj ET Q q 0 0 0 rg BT 290.68 586.70 Td (and ) Tj ET Q q 0 0 0 rg BT 303.56 586.70 Td (the ) Tj ET Q q 0 0 0 rg BT 314.66 586.70 Td (European ) Tj ET Q q 0 0 0 rg BT 346.64 586.70 Td (Union, ) Tj ET Q q 0 0 0 rg BT 369.96 586.70 Td (the ) Tj ET Q q 0 0 0 rg BT 381.06 586.70 Td (condition ) Tj ET Q q 0 0 0 rg BT 412.60 586.70 Td (of ) Tj ET Q q 0 0 0 rg BT 420.59 586.70 Td (the ) Tj ET Q q 0 0 0 rg BT 431.69 586.70 Td (media ) Tj ET Q q 0 0 0 rg BT 452.56 586.70 Td (industry ) Tj ET Q q 0 0 0 rg BT 480.11 586.70 Td (in ) Tj ET Q q 0 0 0 rg BT 487.66 586.70 Td (our ) Tj ET Q q 0 0 0 rg BT 499.65 586.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 531.19 586.70 Td (countries, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 577.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 88.27 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.43 577.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 122.59 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.31 577.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 153.80 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.96 577.10 Td (our ) Tj ET Q q 0 0 0 rg BT 176.12 577.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 195.40 577.10 Td (A) Tj ET Q q 0 0 0 rg BT 200.74 577.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.24 577.10 Td (common ) Tj ET Q q 0 0 0 rg BT 233.73 577.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 255.12 577.10 Td (future ) Tj ET Q q 0 0 0 rg BT 276.72 577.10 Td (issuances ) Tj ET Q q 0 0 0 rg BT 309.43 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.59 577.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 341.08 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.24 577.10 Td (our ) Tj ET Q q 0 0 0 rg BT 363.41 577.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 382.69 577.10 Td (A) Tj ET Q q 0 0 0 rg BT 388.02 577.10 Td ( ) Tj ET Q q 0 0 0 rg BT 390.52 577.10 Td (common ) Tj ET Q q 0 0 0 rg BT 421.02 577.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 440.40 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.45 577.10 Td (investors) Tj ET Q q 0 0 0 rg BT 485.41 577.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.91 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.95 577.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 534.66 577.10 Td (analysts) Tj ET Q q 0 0 0 rg BT 562.51 577.10 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 567.50 Td (perception ) Tj ET Q q 0 0 0 rg BT 85.36 567.50 Td (of ) Tj ET Q q 0 0 0 rg BT 94.12 567.50 Td (us ) Tj ET Q q 0 0 0 rg BT 103.33 567.50 Td (and ) Tj ET Q q 0 0 0 rg BT 116.97 567.50 Td (other ) Tj ET Q q 0 0 0 rg BT 135.51 567.50 Td (companies ) Tj ET Q q 0 0 0 rg BT 171.81 567.50 Td (that ) Tj ET Q q 0 0 0 rg BT 185.90 567.50 Td (investors ) Tj ET Q q 0 0 0 rg BT 216.89 567.50 Td (or ) Tj ET Q q 0 0 0 rg BT 225.65 567.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 257.95 567.50 Td (analysts ) Tj ET Q q 0 0 0 rg BT 285.82 567.50 Td (deem ) Tj ET Q q 0 0 0 rg BT 305.24 567.50 Td (comparable ) Tj ET Q q 0 0 0 rg BT 344.65 567.50 Td (in ) Tj ET Q q 0 0 0 rg BT 352.97 567.50 Td (the ) Tj ET Q q 0 0 0 rg BT 364.84 567.50 Td (television ) Tj ET Q q 0 0 0 rg BT 398.04 567.50 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 441.01 567.50 Td (industry) Tj ET Q q 0 0 0 rg BT 466.71 567.50 Td (. ) Tj ET Q q 0 0 0 rg BT 470.81 567.50 Td (In ) Tj ET Q q 0 0 0 rg BT 479.57 567.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 509.88 567.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 528.87 567.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 556.29 567.50 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 557.90 Td (general ) Tj ET Q q 0 0 0 rg BT 74.37 557.90 Td (have ) Tj ET Q q 0 0 0 rg BT 90.80 557.90 Td (experienced ) Tj ET Q q 0 0 0 rg BT 130.77 557.90 Td (extreme ) Tj ET Q q 0 0 0 rg BT 157.86 557.90 Td (price ) Tj ET Q q 0 0 0 rg BT 175.17 557.90 Td (and ) Tj ET Q q 0 0 0 rg BT 188.05 557.90 Td (volume ) Tj ET Q q 0 0 0 rg BT 213.38 557.90 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 252.47 557.90 Td (that ) Tj ET Q q 0 0 0 rg BT 265.80 557.90 Td (have ) Tj ET Q q 0 0 0 rg BT 282.23 557.90 Td (often ) Tj ET Q q 0 0 0 rg BT 299.99 557.90 Td (been ) Tj ET Q q 0 0 0 rg BT 316.42 557.90 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 347.51 557.90 Td (to ) Tj ET Q q 0 0 0 rg BT 355.06 557.90 Td (and ) Tj ET Q q 0 0 0 rg BT 367.94 557.90 Td (disproportionate ) Tj ET Q q 0 0 0 rg BT 421.70 557.90 Td (to ) Tj ET Q q 0 0 0 rg BT 429.25 557.90 Td (the ) Tj ET Q q 0 0 0 rg BT 440.36 557.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 471.89 557.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 513.64 557.90 Td (of ) Tj ET Q q 0 0 0 rg BT 521.63 557.90 Td (broadcasting ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 548.30 Td (companies. ) Tj ET Q q 0 0 0 rg BT 87.60 548.30 Td (These ) Tj ET Q q 0 0 0 rg BT 108.74 548.30 Td (broad ) Tj ET Q q 0 0 0 rg BT 128.99 548.30 Td (market ) Tj ET Q q 0 0 0 rg BT 153.24 548.30 Td (and ) Tj ET Q q 0 0 0 rg BT 166.82 548.30 Td (industry ) Tj ET Q q 0 0 0 rg BT 195.08 548.30 Td (factors ) Tj ET Q q 0 0 0 rg BT 218.88 548.30 Td (may ) Tj ET Q q 0 0 0 rg BT 234.69 548.30 Td (materially ) Tj ET Q q 0 0 0 rg BT 269.16 548.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 292.96 548.30 Td (the ) Tj ET Q q 0 0 0 rg BT 304.77 548.30 Td (market ) Tj ET Q q 0 0 0 rg BT 329.02 548.30 Td (price ) Tj ET Q q 0 0 0 rg BT 347.05 548.30 Td (of ) Tj ET Q q 0 0 0 rg BT 355.75 548.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 377.77 548.30 Td (of ) Tj ET Q q 0 0 0 rg BT 386.47 548.30 Td (our ) Tj ET Q q 0 0 0 rg BT 399.17 548.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 418.10 548.30 Td (A) Tj ET Q q 0 0 0 rg BT 423.43 548.30 Td ( ) Tj ET Q q 0 0 0 rg BT 425.47 548.30 Td (common ) Tj ET Q q 0 0 0 rg BT 455.50 548.30 Td (stock, ) Tj ET Q q 0 0 0 rg BT 476.42 548.30 Td (regardless ) Tj ET Q q 0 0 0 rg BT 510.89 548.30 Td (of ) Tj ET Q q 0 0 0 rg BT 519.59 548.30 Td (our ) Tj ET Q q 0 0 0 rg BT 532.29 548.30 Td (operating ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 538.70 Td (performance.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 523.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.84 523.10 Td (business ) Tj ET Q q 0 0 0 rg BT 94.85 523.10 Td (could ) Tj ET Q q 0 0 0 rg BT 115.07 523.10 Td (be ) Tj ET Q q 0 0 0 rg BT 124.63 523.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 159.95 523.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 191.71 523.10 Td (as ) Tj ET Q q 0 0 0 rg BT 200.83 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.83 523.10 Td (result ) Tj ET Q q 0 0 0 rg BT 227.50 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.16 523.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 277.73 523.10 Td (activism.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 507.50 Td (In ) Tj ET Q q 0 0 0 rg BT 58.04 507.50 Td (recent ) Tj ET Q q 0 0 0 rg BT 79.46 507.50 Td (years, ) Tj ET Q q 0 0 0 rg BT 100.22 507.50 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 139.42 507.50 Td (activists ) Tj ET Q q 0 0 0 rg BT 167.52 507.50 Td (have ) Tj ET Q q 0 0 0 rg BT 184.50 507.50 Td (become ) Tj ET Q q 0 0 0 rg BT 211.25 507.50 Td (involved ) Tj ET Q q 0 0 0 rg BT 241.13 507.50 Td (in ) Tj ET Q q 0 0 0 rg BT 249.23 507.50 Td (numerous ) Tj ET Q q 0 0 0 rg BT 282.66 507.50 Td (public ) Tj ET Q q 0 0 0 rg BT 304.54 507.50 Td (companies. ) Tj ET Q q 0 0 0 rg BT 342.63 507.50 Td (Shareholder ) Tj ET Q q 0 0 0 rg BT 383.16 507.50 Td (activists ) Tj ET Q q 0 0 0 rg BT 411.26 507.50 Td (frequently ) Tj ET Q q 0 0 0 rg BT 446.01 507.50 Td (propose ) Tj ET Q q 0 0 0 rg BT 473.22 507.50 Td (to ) Tj ET Q q 0 0 0 rg BT 481.33 507.50 Td (involve ) Tj ET Q q 0 0 0 rg BT 507.20 507.50 Td (themselves ) Tj ET Q q 0 0 0 rg BT 544.63 507.50 Td (in ) Tj ET Q q 0 0 0 rg BT 552.73 507.50 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 497.90 Td (governance, ) Tj ET Q q 0 0 0 rg BT 90.81 497.90 Td (strategic ) Tj ET Q q 0 0 0 rg BT 120.35 497.90 Td (direction ) Tj ET Q q 0 0 0 rg BT 151.23 497.90 Td (and ) Tj ET Q q 0 0 0 rg BT 165.22 497.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 200.99 497.90 Td (of ) Tj ET Q q 0 0 0 rg BT 210.10 497.90 Td (the ) Tj ET Q q 0 0 0 rg BT 222.31 497.90 Td (Company) Tj ET Q q 0 0 0 rg BT 252.90 497.90 Td (, ) Tj ET Q q 0 0 0 rg BT 257.35 497.90 Td (as ) Tj ET Q q 0 0 0 rg BT 266.46 497.90 Td (occurred ) Tj ET Q q 0 0 0 rg BT 296.88 497.90 Td (when ) Tj ET Q q 0 0 0 rg BT 316.47 497.90 Td (TCS ) Tj ET Q q 0 0 0 rg BT 333.59 497.90 Td (Capital ) Tj ET Q q 0 0 0 rg BT 359.14 497.90 Td (Management, ) Tj ET Q q 0 0 0 rg BT 405.34 497.90 Td (LLC ) Tj ET Q q 0 0 0 rg BT 422.90 497.90 Td (\("TCS ) Tj ET Q q 0 0 0 rg BT 445.94 497.90 Td (Capital"\), ) Tj ET Q q 0 0 0 rg BT 479.42 497.90 Td (filed ) Tj ET Q q 0 0 0 rg BT 496.52 497.90 Td (an ) Tj ET Q q 0 0 0 rg BT 506.52 497.90 Td (amendment ) Tj ET Q q 0 0 0 rg BT 546.28 497.90 Td (to ) Tj ET Q q 0 0 0 rg BT 554.95 497.90 Td (its ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 488.30 Td (Schedule ) Tj ET Q q 0 0 0 rg BT 80.87 488.30 Td (13D ) Tj ET Q q 0 0 0 rg BT 96.70 488.30 Td (in ) Tj ET Q q 0 0 0 rg BT 104.96 488.30 Td (January ) Tj ET Q q 0 0 0 rg BT 131.89 488.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 149.94 488.30 Td (in ) Tj ET Q q 0 0 0 rg BT 158.21 488.30 Td (which ) Tj ET Q q 0 0 0 rg BT 179.80 488.30 Td (it ) Tj ET Q q 0 0 0 rg BT 186.30 488.30 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 218.12 488.30 Td (its ) Tj ET Q q 0 0 0 rg BT 227.72 488.30 Td (opinions ) Tj ET Q q 0 0 0 rg BT 257.33 488.30 Td (on ) Tj ET Q q 0 0 0 rg BT 267.38 488.30 Td (the ) Tj ET Q q 0 0 0 rg BT 279.20 488.30 Td (Company) Tj ET Q q 0 0 0 rg BT 312.53 488.30 Td (s ) Tj ET Q q 0 0 0 rg BT 317.69 488.30 Td (governance ) Tj ET Q q 0 0 0 rg BT 356.60 488.30 Td (and ) Tj ET Q q 0 0 0 rg BT 370.20 488.30 Td (strategic ) Tj ET Q q 0 0 0 rg BT 399.34 488.30 Td (direction. ) Tj ET Q q 0 0 0 rg BT 431.82 488.30 Td (Such ) Tj ET Q q 0 0 0 rg BT 449.87 488.30 Td (proposals ) Tj ET Q q 0 0 0 rg BT 482.58 488.30 Td (may ) Tj ET Q q 0 0 0 rg BT 498.40 488.30 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 522.67 488.30 Td (our ) Tj ET Q q 0 0 0 rg BT 535.38 488.30 Td (business ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 478.70 Td (and ) Tj ET Q q 0 0 0 rg BT 63.05 478.70 Td (divert ) Tj ET Q q 0 0 0 rg BT 83.71 478.70 Td (the ) Tj ET Q q 0 0 0 rg BT 95.49 478.70 Td (attention ) Tj ET Q q 0 0 0 rg BT 125.48 478.70 Td (of ) Tj ET Q q 0 0 0 rg BT 134.15 478.70 Td (our ) Tj ET Q q 0 0 0 rg BT 146.82 478.70 Td (management ) Tj ET Q q 0 0 0 rg BT 189.69 478.70 Td (and ) Tj ET Q q 0 0 0 rg BT 203.24 478.70 Td (employees, ) Tj ET Q q 0 0 0 rg BT 241.46 478.70 Td (and ) Tj ET Q q 0 0 0 rg BT 255.01 478.70 Td (any ) Tj ET Q q 0 0 0 rg BT 268.56 478.70 Td (perceived ) Tj ET Q q 0 0 0 rg BT 301.65 478.70 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 344.53 478.70 Td (as ) Tj ET Q q 0 0 0 rg BT 353.19 478.70 Td (to ) Tj ET Q q 0 0 0 rg BT 361.42 478.70 Td (our ) Tj ET Q q 0 0 0 rg BT 374.08 478.70 Td (future ) Tj ET Q q 0 0 0 rg BT 395.19 478.70 Td (direction ) Tj ET Q q 0 0 0 rg BT 425.62 478.70 Td (resulting ) Tj ET Q q 0 0 0 rg BT 455.62 478.70 Td (from ) Tj ET Q q 0 0 0 rg BT 473.17 478.70 Td (such ) Tj ET Q q 0 0 0 rg BT 489.84 478.70 Td (a ) Tj ET Q q 0 0 0 rg BT 495.39 478.70 Td (situation ) Tj ET Q q 0 0 0 rg BT 524.95 478.70 Td (could ) Tj ET Q q 0 0 0 rg BT 544.72 478.70 Td (result ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 469.10 Td (in ) Tj ET Q q 0 0 0 rg BT 57.70 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.46 469.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 83.88 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.53 469.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 122.50 469.10 Td (business ) Tj ET Q q 0 0 0 rg BT 151.59 469.10 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 197.79 469.10 Td (be ) Tj ET Q q 0 0 0 rg BT 207.32 469.10 Td (exploited ) Tj ET Q q 0 0 0 rg BT 239.07 469.10 Td (by ) Tj ET Q q 0 0 0 rg BT 249.05 469.10 Td (our ) Tj ET Q q 0 0 0 rg BT 261.69 469.10 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 303.44 469.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 323.19 469.10 Td (concern ) Tj ET Q q 0 0 0 rg BT 350.48 469.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.68 469.10 Td (our ) Tj ET Q q 0 0 0 rg BT 371.33 469.10 Td (current ) Tj ET Q q 0 0 0 rg BT 395.96 469.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.60 469.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 434.58 469.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 470.99 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.52 469.10 Td (make ) Tj ET Q q 0 0 0 rg BT 503.83 469.10 Td (it ) Tj ET Q q 0 0 0 rg BT 510.25 469.10 Td (more ) Tj ET Q q 0 0 0 rg BT 528.67 469.10 Td (dif) Tj ET Q q 0 0 0 rg BT 537.41 469.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 556.27 469.10 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 459.50 Td (attract ) Tj ET Q q 0 0 0 rg BT 71.12 459.50 Td (and ) Tj ET Q q 0 0 0 rg BT 84.30 459.50 Td (retain ) Tj ET Q q 0 0 0 rg BT 104.14 459.50 Td (qualified ) Tj ET Q q 0 0 0 rg BT 134.21 459.50 Td (personnel ) Tj ET Q q 0 0 0 rg BT 166.94 459.50 Td (and ) Tj ET Q q 0 0 0 rg BT 180.12 459.50 Td (business ) Tj ET Q q 0 0 0 rg BT 208.87 459.50 Td (partners, ) Tj ET Q q 0 0 0 rg BT 238.27 459.50 Td (all ) Tj ET Q q 0 0 0 rg BT 247.89 459.50 Td (of ) Tj ET Q q 0 0 0 rg BT 256.19 459.50 Td (which ) Tj ET Q q 0 0 0 rg BT 277.37 459.50 Td (could ) Tj ET Q q 0 0 0 rg BT 296.78 459.50 Td (adversely ) Tj ET Q q 0 0 0 rg BT 329.06 459.50 Td (af) Tj ET Q q 0 0 0 rg BT 335.13 459.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 348.75 459.50 Td (our ) Tj ET Q q 0 0 0 rg BT 361.05 459.50 Td (business. ) Tj ET Q q 0 0 0 rg BT 391.79 459.50 Td (In ) Tj ET Q q 0 0 0 rg BT 400.09 459.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 429.94 459.50 Td (actions ) Tj ET Q q 0 0 0 rg BT 454.23 459.50 Td (of ) Tj ET Q q 0 0 0 rg BT 462.53 459.50 Td (activist ) Tj ET Q q 0 0 0 rg BT 487.26 459.50 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 529.33 459.50 Td (may ) Tj ET Q q 0 0 0 rg BT 544.73 459.50 Td (cause ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 449.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 85.79 449.90 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 126.07 449.90 Td (in ) Tj ET Q q 0 0 0 rg BT 134.81 449.90 Td (our ) Tj ET Q q 0 0 0 rg BT 148.00 449.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 167.40 449.90 Td (price ) Tj ET Q q 0 0 0 rg BT 185.91 449.90 Td (based ) Tj ET Q q 0 0 0 rg BT 206.64 449.90 Td (on ) Tj ET Q q 0 0 0 rg BT 217.16 449.90 Td (temporary ) Tj ET Q q 0 0 0 rg BT 252.55 449.90 Td (or ) Tj ET Q q 0 0 0 rg BT 261.73 449.90 Td (speculative ) Tj ET Q q 0 0 0 rg BT 300.23 449.90 Td (market ) Tj ET Q q 0 0 0 rg BT 324.96 449.90 Td (perceptions ) Tj ET Q q 0 0 0 rg BT 364.35 449.90 Td (or ) Tj ET Q q 0 0 0 rg BT 373.54 449.90 Td (other ) Tj ET Q q 0 0 0 rg BT 392.49 449.90 Td (factors ) Tj ET Q q 0 0 0 rg BT 416.77 449.90 Td (that ) Tj ET Q q 0 0 0 rg BT 431.29 449.90 Td (do ) Tj ET Q q 0 0 0 rg BT 441.80 449.90 Td (not ) Tj ET Q q 0 0 0 rg BT 454.54 449.90 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 492.60 449.90 Td (reflect ) Tj ET Q q 0 0 0 rg BT 515.54 449.90 Td (the ) Tj ET Q q 0 0 0 rg BT 527.84 449.90 Td (underlying ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 440.30 Td (fundamentals ) Tj ET Q q 0 0 0 rg BT 94.60 440.30 Td (and ) Tj ET Q q 0 0 0 rg BT 108.15 440.30 Td (prospects ) Tj ET Q q 0 0 0 rg BT 140.36 440.30 Td (of ) Tj ET Q q 0 0 0 rg BT 149.03 440.30 Td (our ) Tj ET Q q 0 0 0 rg BT 161.69 440.30 Td (business.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 418.70 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 72.84 418.70 Td (1B. ) Tj ET Q q 0 0 0 rg BT 94.50 418.70 Td (UNRE) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 117.17 418.70 Td (SOL) Tj ET Q q 0 0 0 rg BT 132.44 418.70 Td (VED ) Tj ET Q q 0 0 0 rg BT 151.33 418.70 Td (ST) Tj ET Q q 0 0 0 rg BT 160.52 418.70 Td (AFF) Tj ET Q q 0 0 0 rg BT 175.78 418.70 Td ( ) Tj ET Q q 0 0 0 rg BT 177.78 418.70 Td (COMMEN) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.99 418.70 Td (TS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 403.10 Td (None.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 381.50 Td (ITEM 2. ) Tj ET Q q 0 0 0 rg BT 94.50 381.50 Td (PROPER) Tj ET Q q 0 0 0 rg BT 127.11 381.50 Td (TIES) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 365.90 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 365.90 Td (e ) Tj ET Q q 0 0 0 rg BT 61.92 365.90 Td (own ) Tj ET Q q 0 0 0 rg BT 77.65 365.90 Td (and ) Tj ET Q q 0 0 0 rg BT 91.16 365.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 109.10 365.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 143.05 365.90 Td (in ) Tj ET Q q 0 0 0 rg BT 151.22 365.90 Td (the ) Tj ET Q q 0 0 0 rg BT 162.95 365.90 Td (countries ) Tj ET Q q 0 0 0 rg BT 194.23 365.90 Td (in ) Tj ET Q q 0 0 0 rg BT 202.41 365.90 Td (which ) Tj ET Q q 0 0 0 rg BT 223.92 365.90 Td (we ) Tj ET Q q 0 0 0 rg BT 235.20 365.90 Td (operate. ) Tj ET Q q 0 0 0 rg BT 262.56 365.90 Td (These ) Tj ET Q q 0 0 0 rg BT 283.62 365.90 Td (facilities ) Tj ET Q q 0 0 0 rg BT 313.11 365.90 Td (are ) Tj ET Q q 0 0 0 rg BT 324.84 365.90 Td (fully ) Tj ET Q q 0 0 0 rg BT 341.90 365.90 Td (utilized ) Tj ET Q q 0 0 0 rg BT 367.85 365.90 Td (for ) Tj ET Q q 0 0 0 rg BT 379.13 365.90 Td (current ) Tj ET Q q 0 0 0 rg BT 403.74 365.90 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 431.92 365.90 Td (operations, ) Tj ET Q q 0 0 0 rg BT 469.20 365.90 Td (are ) Tj ET Q q 0 0 0 rg BT 480.92 365.90 Td (in ) Tj ET Q q 0 0 0 rg BT 489.10 365.90 Td (good ) Tj ET Q q 0 0 0 rg BT 507.06 365.90 Td (condition ) Tj ET Q q 0 0 0 rg BT 539.23 365.90 Td (and ) Tj ET Q q 0 0 0 rg BT 552.74 365.90 Td (are ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 356.30 Td (adequately ) Tj ET Q q 0 0 0 rg BT 85.87 356.30 Td (equipped ) Tj ET Q q 0 0 0 rg BT 116.92 356.30 Td (for ) Tj ET Q q 0 0 0 rg BT 127.97 356.30 Td (purposes ) Tj ET Q q 0 0 0 rg BT 158.13 356.30 Td (of ) Tj ET Q q 0 0 0 rg BT 166.51 356.30 Td (conducting ) Tj ET Q q 0 0 0 rg BT 203.78 356.30 Td (broadcasting, ) Tj ET Q q 0 0 0 rg BT 248.38 356.30 Td (content ) Tj ET Q q 0 0 0 rg BT 273.65 356.30 Td (production ) Tj ET Q q 0 0 0 rg BT 310.03 356.30 Td (or ) Tj ET Q q 0 0 0 rg BT 318.42 356.30 Td (such ) Tj ET Q q 0 0 0 rg BT 334.80 356.30 Td (other ) Tj ET Q q 0 0 0 rg BT 352.96 356.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 388.01 356.30 Td (as ) Tj ET Q q 0 0 0 rg BT 396.39 356.30 Td (we ) Tj ET Q q 0 0 0 rg BT 407.44 356.30 Td (require. ) Tj ET Q q 0 0 0 rg BT 433.69 356.30 Td (W) Tj ET Q q 0 0 0 rg BT 440.60 356.30 Td (e ) Tj ET Q q 0 0 0 rg BT 445.87 356.30 Td (believe ) Tj ET Q q 0 0 0 rg BT 470.69 356.30 Td (that ) Tj ET Q q 0 0 0 rg BT 484.41 356.30 Td (suitable ) Tj ET Q q 0 0 0 rg BT 511.02 356.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 544.73 356.30 Td (space ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 346.70 Td (is ) Tj ET Q q 0 0 0 rg BT 56.84 346.70 Td (available ) Tj ET Q q 0 0 0 rg BT 87.71 346.70 Td (on ) Tj ET Q q 0 0 0 rg BT 97.71 346.70 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 133.46 346.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 153.23 346.70 Td (in ) Tj ET Q q 0 0 0 rg BT 161.45 346.70 Td (the ) Tj ET Q q 0 0 0 rg BT 173.23 346.70 Td (event ) Tj ET Q q 0 0 0 rg BT 192.55 346.70 Td (of ) Tj ET Q q 0 0 0 rg BT 201.21 346.70 Td (an ) Tj ET Q q 0 0 0 rg BT 210.77 346.70 Td (expansion ) Tj ET Q q 0 0 0 rg BT 245.20 346.70 Td (of ) Tj ET Q q 0 0 0 rg BT 253.87 346.70 Td (our ) Tj ET Q q 0 0 0 rg BT 266.53 346.70 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 304.16 346.70 Td (The ) Tj ET Q q 0 0 0 rg BT 318.60 346.70 Td (table ) Tj ET Q q 0 0 0 rg BT 336.15 346.70 Td (below ) Tj ET Q q 0 0 0 rg BT 357.70 346.70 Td (provides ) Tj ET Q q 0 0 0 rg BT 387.25 346.70 Td (a ) Tj ET Q q 0 0 0 rg BT 392.80 346.70 Td (brief ) Tj ET Q q 0 0 0 rg BT 409.90 346.70 Td (description ) Tj ET Q q 0 0 0 rg BT 447.45 346.70 Td (of ) Tj ET Q q 0 0 0 rg BT 456.11 346.70 Td (our ) Tj ET Q q 0 0 0 rg BT 468.78 346.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 504.55 346.70 Td (properties.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 320.20 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 320.20 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 320.20 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 320.20 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 320.20 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 294.20 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 294.20 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 294.20 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 294.20 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 294.20 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 260.20 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 260.20 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 260.20 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 260.20 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 260.20 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 234.20 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 234.20 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 234.20 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 234.20 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 234.20 172.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 320.20000000000005 m 209.5 320.20000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 320.20000000000005 m 379.5 320.20000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 320.20000000000005 m 561.5 320.20000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 325.28 Td (Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.00 325.28 Td (Pr) Tj ET Q q 0 0 0 rg BT 230.37 325.28 Td (operty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 325.28 Td (Use) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 312.15 Td (Hamilton, Bermuda) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 312.15 Td (Leased of) Tj ET Q q 0 0 0 rg BT 253.24 312.15 Td (fice) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.00 312.15 Td (Registered of) Tj ET Q q 0 0 0 rg BT 434.80 312.15 Td (fice, Corporate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 299.15 Td (Amsterdam, ) Tj ET Q q 0 0 0 rg BT 93.25 299.15 Td (The Netherlands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 299.15 Td (Leased of) Tj ET Q q 0 0 0 rg BT 253.24 299.15 Td (fice) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.00 299.15 Td (Corporate of) Tj ET Q q 0 0 0 rg BT 432.58 299.15 Td (fice, Corporate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 286.15 Td (Sofia, Bulgaria) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 286.15 Td (Leased buildings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.00 286.15 Td (Of) Tj ET Q q 0 0 0 rg BT 400.37 286.15 Td (fice and studio space \(Bulgaria segment\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 273.15 Td (Prague, Czech Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 273.15 Td (Owned and leased buildings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.00 273.15 Td (Administrative center) Tj ET Q q 0 0 0 rg BT 461.21 273.15 Td (, Corporate;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.00 265.15 Td (Of) Tj ET Q q 0 0 0 rg BT 400.30 265.15 Td (fice and studio space \(Czech Republic segment\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 252.15 Td (Bucharest, Romania) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 252.15 Td (Owned and leased buildings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.00 252.15 Td (Of) Tj ET Q q 0 0 0 rg BT 400.37 252.15 Td (fice and studio space \(Romania segment\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 239.15 Td (Bratislava, Slovak Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 239.15 Td (Owned buildings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.00 239.15 Td (Of) Tj ET Q q 0 0 0 rg BT 400.37 239.15 Td (fice and studio space \(Slovak Republic segment\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 226.15 Td (Ljubljana, Slovenia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 226.15 Td (Owned and leased buildings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.00 226.15 Td (Of) Tj ET Q q 0 0 0 rg BT 400.37 226.15 Td (fice and studio space \(Slovenia segment\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 213.15 Td (London, United Kingdom) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.00 213.15 Td (Leased of) Tj ET Q q 0 0 0 rg BT 253.24 213.15 Td (fice) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.00 213.15 Td (Administrative center) Tj ET Q q 0 0 0 rg BT 461.21 213.15 Td (, Corporate) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 193.10 Td (For ) Tj ET Q q 0 0 0 rg BT 62.61 193.10 Td (further ) Tj ET Q q 0 0 0 rg BT 86.38 193.10 Td (information ) Tj ET Q q 0 0 0 rg BT 126.15 193.10 Td (on ) Tj ET Q q 0 0 0 rg BT 136.15 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.92 193.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 164.14 193.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 196.34 193.10 Td (that ) Tj ET Q q 0 0 0 rg BT 210.34 193.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 227.00 193.10 Td (these ) Tj ET Q q 0 0 0 rg BT 245.44 193.10 Td (facility-related ) Tj ET Q q 0 0 0 rg BT 294.52 193.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 314.52 193.10 Td (see ) Tj ET Q q 0 0 0 rg BT 326.74 193.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 341.63 193.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 350.95 193.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 367.61 193.10 Td (7, ) Tj ET Q q 0 0 0 rg BT 375.61 193.10 Td (III, ) Tj ET Q q 0 0 0 rg BT 387.61 193.10 Td ("Liquidity ) Tj ET Q q 0 0 0 rg BT 422.65 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.20 193.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 461.30 193.10 Td (Resources".) 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568.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 308.00 568.80 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.37 568.80 Td (8.3 ) Tj ET Q q 0 0 0 rg BT 338.74 568.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.85 568.80 Td (, ) Tj ET Q q 0 0 0 rg BT 366.22 568.80 Td (allegedly ) Tj ET Q q 0 0 0 rg BT 397.91 568.80 Td (matured ) Tj ET Q q 0 0 0 rg BT 426.49 568.80 Td (in ) Tj ET Q q 0 0 0 rg BT 435.08 568.80 Td (2015; ) Tj ET Q q 0 0 0 rg BT 455.67 568.80 Td (and ) Tj ET Q q 0 0 0 rg BT 469.59 568.80 Td (the ) Tj ET Q q 0 0 0 rg BT 481.73 568.80 Td (other ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.54 568.80 Td (two) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.54 568.80 Td (, ) Tj ET Q q 0 0 0 rg BT 516.90 568.80 Td (each ) Tj ET Q q 0 0 0 rg BT 533.92 568.80 Td (of ) Tj ET Q q 0 0 0 rg BT 542.96 568.80 Td (which ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 559.20 Td (purportedly ) Tj ET Q q 0 0 0 rg BT 88.97 559.20 Td (has ) Tj ET Q q 0 0 0 rg BT 101.78 559.20 Td (a ) Tj ET Q q 0 0 0 rg BT 107.47 559.20 Td (face ) Tj ET Q q 0 0 0 rg BT 122.93 559.20 Td (value ) Tj ET Q q 0 0 0 rg BT 142.40 559.20 Td (of ) Tj ET Q q 0 0 0 rg BT 151.21 559.20 Td (approximately ) Tj ET Q q 0 0 0 rg BT 199.56 559.20 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 217.71 559.20 Td (26.2 ) Tj ET Q q 0 0 0 rg BT 233.85 559.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.96 559.20 Td (, ) Tj ET Q q 0 0 0 rg BT 261.11 559.20 Td (allegedly ) Tj ET Q q 0 0 0 rg BT 292.57 559.20 Td (matured ) Tj ET Q q 0 0 0 rg BT 320.93 559.20 Td (in ) Tj ET Q q 0 0 0 rg BT 329.30 559.20 Td (2016. ) Tj ET Q q 0 0 0 rg BT 349.29 559.20 Td (The ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.87 559.20 Td (four) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.20 559.20 Td ( ) Tj ET Q q 0 0 0 rg BT 379.34 559.20 Td (notes ) Tj ET Q q 0 0 0 rg BT 398.37 559.20 Td (accrue ) Tj ET Q q 0 0 0 rg BT 421.38 559.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 447.08 559.20 Td (from ) Tj ET Q q 0 0 0 rg BT 464.77 559.20 Td (their ) Tj ET Q q 0 0 0 rg BT 481.58 559.20 Td (purported ) Tj ET Q q 0 0 0 rg BT 514.82 559.20 Td (maturity ) Tj ET Q q 0 0 0 rg BT 544.07 559.20 Td (dates. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 549.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 81.29 549.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 90.63 549.60 Td (. ) Tj ET Q q 0 0 0 rg BT 94.19 549.60 Td (Rusko ) Tj ET Q q 0 0 0 rg BT 116.21 549.60 Td (has ) Tj ET Q q 0 0 0 rg BT 128.44 549.60 Td (asserted, ) Tj ET Q q 0 0 0 rg BT 157.77 549.60 Td (both ) Tj ET Q q 0 0 0 rg BT 173.56 549.60 Td (in ) Tj ET Q q 0 0 0 rg BT 181.35 549.60 Td (written ) Tj ET Q q 0 0 0 rg BT 205.57 549.60 Td (responses ) Tj ET Q q 0 0 0 rg BT 238.25 549.60 Td (to ) Tj ET Q q 0 0 0 rg BT 246.04 549.60 Td (active ) Tj ET Q q 0 0 0 rg BT 266.70 549.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 289.15 549.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 305.38 549.60 Td (in ) Tj ET Q q 0 0 0 rg BT 313.16 549.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 337.38 549.60 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.61 549.60 Td (three) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.60 549.60 Td ( ) Tj ET Q q 0 0 0 rg BT 363.17 549.60 Td (of ) Tj ET Q q 0 0 0 rg BT 371.40 549.60 Td (the ) Tj ET Q q 0 0 0 rg BT 382.74 549.60 Td (promissory ) Tj ET Q q 0 0 0 rg BT 420.30 549.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 438.76 549.60 Td (as ) Tj ET Q q 0 0 0 rg BT 446.99 549.60 Td (well ) Tj ET Q q 0 0 0 rg BT 462.33 549.60 Td (as ) Tj ET Q q 0 0 0 rg BT 470.56 549.60 Td (in ) Tj ET Q q 0 0 0 rg BT 478.35 549.60 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 515.46 549.60 Td (oral ) Tj ET Q q 0 0 0 rg BT 529.47 549.60 Td (testimony) Tj ET Q q 0 0 0 rg BT 560.50 549.60 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 540.00 Td (that ) Tj ET Q q 0 0 0 rg BT 63.50 540.00 Td (he ) Tj ET Q q 0 0 0 rg BT 73.05 540.00 Td (signed ) Tj ET Q q 0 0 0 rg BT 95.93 540.00 Td (the ) Tj ET Q q 0 0 0 rg BT 107.71 540.00 Td (notes ) Tj ET Q q 0 0 0 rg BT 126.59 540.00 Td (in ) Tj ET Q q 0 0 0 rg BT 134.82 540.00 Td (June ) Tj ET Q q 0 0 0 rg BT 151.48 540.00 Td (2000, ) Tj ET Q q 0 0 0 rg BT 171.48 540.00 Td (we ) Tj ET Q q 0 0 0 rg BT 182.81 540.00 Td (do ) Tj ET Q q 0 0 0 rg BT 192.81 540.00 Td (not ) Tj ET Q q 0 0 0 rg BT 205.03 540.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 230.13 540.00 Td (that ) Tj ET Q q 0 0 0 rg BT 244.13 540.00 Td (the ) Tj ET Q q 0 0 0 rg BT 255.90 540.00 Td (notes ) Tj ET Q q 0 0 0 rg BT 274.79 540.00 Td (were ) Tj ET Q q 0 0 0 rg BT 292.33 540.00 Td (signed ) Tj ET Q q 0 0 0 rg BT 315.21 540.00 Td (in ) Tj ET Q q 0 0 0 rg BT 323.44 540.00 Td (June ) Tj ET Q q 0 0 0 rg BT 340.10 540.00 Td (2000 ) Tj ET Q q 0 0 0 rg BT 358.10 540.00 Td (or ) Tj ET Q q 0 0 0 rg BT 366.77 540.00 Td (that ) Tj ET Q q 0 0 0 rg BT 380.76 540.00 Td (any ) Tj ET Q q 0 0 0 rg BT 394.31 540.00 Td (of ) Tj ET Q q 0 0 0 rg BT 402.98 540.00 Td (the ) Tj ET Q q 0 0 0 rg BT 414.75 540.00 Td (notes ) Tj ET Q q 0 0 0 rg BT 433.64 540.00 Td (are ) Tj ET Q q 0 0 0 rg BT 445.40 540.00 Td (authentic. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 524.40 Td (Despite ) Tj ET Q q 0 0 0 rg BT 76.04 524.40 Td (a ) Tj ET Q q 0 0 0 rg BT 81.69 524.40 Td (random ) Tj ET Q q 0 0 0 rg BT 108.22 524.40 Td (case ) Tj ET Q q 0 0 0 rg BT 124.09 524.40 Td (assignment ) Tj ET Q q 0 0 0 rg BT 162.19 524.40 Td (system ) Tj ET Q q 0 0 0 rg BT 186.51 524.40 Td (in ) Tj ET Q q 0 0 0 rg BT 194.83 524.40 Td (the ) Tj ET Q q 0 0 0 rg BT 206.70 524.40 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 231.03 524.40 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 264.01 524.40 Td (claims ) Tj ET Q q 0 0 0 rg BT 286.99 524.40 Td (in ) Tj ET Q q 0 0 0 rg BT 295.31 524.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 320.06 524.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.83 524.40 Td (three) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.82 524.40 Td ( ) Tj ET Q q 0 0 0 rg BT 346.92 524.40 Td (of ) Tj ET Q q 0 0 0 rg BT 355.68 524.40 Td (the ) Tj ET Q q 0 0 0 rg BT 367.55 524.40 Td (notes ) Tj ET Q q 0 0 0 rg BT 386.54 524.40 Td (were ) Tj ET Q q 0 0 0 rg BT 404.18 524.40 Td (initially ) Tj ET Q q 0 0 0 rg BT 431.17 524.40 Td (assigned ) Tj ET Q q 0 0 0 rg BT 460.82 524.40 Td (to ) Tj ET Q q 0 0 0 rg BT 469.14 524.40 Td (the ) Tj ET Q q 0 0 0 rg BT 481.01 524.40 Td (same ) Tj ET Q q 0 0 0 rg BT 499.55 524.40 Td (judge. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.42 524.40 Td (One) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.75 524.40 Td ( ) Tj ET Q q 0 0 0 rg BT 536.85 524.40 Td (of ) Tj ET Q q 0 0 0 rg BT 545.62 524.40 Td (those ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 514.80 Td (claims, ) Tj ET Q q 0 0 0 rg BT 75.19 514.80 Td (concerning ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.53 514.80 Td (one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 125.08 514.80 Td ( ) Tj ET Q q 0 0 0 rg BT 127.89 514.80 Td (of ) Tj ET Q q 0 0 0 rg BT 137.36 514.80 Td (the ) Tj ET Q q 0 0 0 rg BT 149.93 514.80 Td (promissory ) Tj ET Q q 0 0 0 rg BT 188.74 514.80 Td (notes ) Tj ET Q q 0 0 0 rg BT 208.43 514.80 Td (having ) Tj ET Q q 0 0 0 rg BT 233.01 514.80 Td (a ) Tj ET Q q 0 0 0 rg BT 239.36 514.80 Td (face ) Tj ET Q q 0 0 0 rg BT 255.48 514.80 Td (value ) Tj ET Q q 0 0 0 rg BT 275.61 514.80 Td (of ) Tj ET Q q 0 0 0 rg BT 285.08 514.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 334.09 514.80 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.90 514.80 Td (8.3 ) Tj ET Q q 0 0 0 rg BT 365.70 514.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.82 514.80 Td ( ) Tj ET Q q 0 0 0 rg BT 391.62 514.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 406.86 514.80 Td ("First ) Tj ET Q q 0 0 0 rg BT 427.61 514.80 Td (PN ) Tj ET Q q 0 0 0 rg BT 440.64 514.80 Td (Case"\), ) Tj ET Q q 0 0 0 rg BT 466.92 514.80 Td (was ) Tj ET Q q 0 0 0 rg BT 482.17 514.80 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 526.75 514.80 Td (reassigned. ) Tj ET Q q 0 0 0 rg BT 564.51 514.80 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 505.20 Td (Proceedings ) Tj ET Q q 0 0 0 rg BT 90.91 505.20 Td (on ) Tj ET Q q 0 0 0 rg BT 101.22 505.20 Td (the ) Tj ET Q q 0 0 0 rg BT 113.31 505.20 Td (claim ) Tj ET Q q 0 0 0 rg BT 133.39 505.20 Td (in ) Tj ET Q q 0 0 0 rg BT 141.92 505.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 166.89 505.20 Td (of ) Tj ET Q q 0 0 0 rg BT 175.86 505.20 Td (the ) Tj ET Q q 0 0 0 rg BT 187.95 505.20 Td (fourth ) Tj ET Q q 0 0 0 rg BT 209.81 505.20 Td (promissory ) Tj ET Q q 0 0 0 rg BT 248.12 505.20 Td (note ) Tj ET Q q 0 0 0 rg BT 264.21 505.20 Td (\(in ) Tj ET Q q 0 0 0 rg BT 275.41 505.20 Td (the ) Tj ET Q q 0 0 0 rg BT 287.49 505.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 313.80 505.20 Td (of ) Tj ET Q q 0 0 0 rg BT 322.77 505.20 Td (approximately ) Tj ET Q q 0 0 0 rg BT 371.29 505.20 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.60 505.20 Td (26.2 ) Tj ET Q q 0 0 0 rg BT 405.92 505.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.03 505.20 Td (\) ) Tj ET Q q 0 0 0 rg BT 434.00 505.20 Td (were ) Tj ET Q q 0 0 0 rg BT 451.86 505.20 Td (terminated ) Tj ET Q q 0 0 0 rg BT 488.38 505.20 Td (in ) Tj ET Q q 0 0 0 rg BT 496.91 505.20 Td (January ) Tj ET Q q 0 0 0 rg BT 524.10 505.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 542.41 505.20 Td (by ) Tj ET Q q 0 0 0 rg BT 552.73 505.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 495.60 Td (presiding ) Tj ET Q q 0 0 0 rg BT 81.01 495.60 Td (judge ) Tj ET Q q 0 0 0 rg BT 100.52 495.60 Td (because ) Tj ET Q q 0 0 0 rg BT 127.58 495.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.09 495.60 Td (plaintif) Tj ET Q q 0 0 0 rg BT 162.05 495.60 Td (f ) Tj ET Q q 0 0 0 rg BT 166.45 495.60 Td (failed ) Tj ET Q q 0 0 0 rg BT 186.40 495.60 Td (to ) Tj ET Q q 0 0 0 rg BT 194.36 495.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 207.64 495.60 Td (court ) Tj ET Q q 0 0 0 rg BT 225.82 495.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 240.44 495.60 Td (and ) Tj ET Q q 0 0 0 rg BT 253.72 495.60 Td (were ) Tj ET Q q 0 0 0 rg BT 271.00 495.60 Td (terminated ) Tj ET Q q 0 0 0 rg BT 306.95 495.60 Td (a ) Tj ET Q q 0 0 0 rg BT 312.24 495.60 Td (second ) Tj ET Q q 0 0 0 rg BT 336.19 495.60 Td (time ) Tj ET Q q 0 0 0 rg BT 352.14 495.60 Td (by ) Tj ET Q q 0 0 0 rg BT 361.88 495.60 Td (a ) Tj ET Q q 0 0 0 rg BT 367.17 495.60 Td (dif) Tj ET Q q 0 0 0 rg BT 375.91 495.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 396.30 495.60 Td (presiding ) Tj ET Q q 0 0 0 rg BT 427.81 495.60 Td (judge ) Tj ET Q q 0 0 0 rg BT 447.32 495.60 Td (in ) Tj ET Q q 0 0 0 rg BT 455.28 495.60 Td (September ) Tj ET Q q 0 0 0 rg BT 491.23 495.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 508.97 495.60 Td (after ) Tj ET Q q 0 0 0 rg BT 525.36 495.60 Td (the ) Tj ET Q q 0 0 0 rg BT 536.87 495.60 Td (plaintif) Tj ET Q q 0 0 0 rg BT 559.83 495.60 Td (f ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 486.00 Td (refiled ) Tj ET Q q 0 0 0 rg BT 72.38 486.00 Td (but ) Tj ET Q q 0 0 0 rg BT 84.60 486.00 Td (failed ) Tj ET Q q 0 0 0 rg BT 104.81 486.00 Td (to ) Tj ET Q q 0 0 0 rg BT 113.03 486.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 126.58 486.00 Td (court ) Tj ET Q q 0 0 0 rg BT 145.02 486.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 159.90 486.00 Td (a ) Tj ET Q q 0 0 0 rg BT 165.45 486.00 Td (second ) Tj ET Q q 0 0 0 rg BT 189.66 486.00 Td (time.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 470.40 Td (During ) Tj ET Q q 0 0 0 rg BT 74.33 470.40 Td (the ) Tj ET Q q 0 0 0 rg BT 86.27 470.40 Td (first ) Tj ET Q q 0 0 0 rg BT 101.32 470.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 126.13 470.40 Td (of ) Tj ET Q q 0 0 0 rg BT 134.96 470.40 Td (2018, ) Tj ET Q q 0 0 0 rg BT 155.13 470.40 Td (the ) Tj ET Q q 0 0 0 rg BT 167.06 470.40 Td (court ) Tj ET Q q 0 0 0 rg BT 185.66 470.40 Td (of ) Tj ET Q q 0 0 0 rg BT 194.49 470.40 Td (first ) Tj ET Q q 0 0 0 rg BT 209.54 470.40 Td (instance ) Tj ET Q q 0 0 0 rg BT 237.92 470.40 Td (began ) Tj ET Q q 0 0 0 rg BT 259.18 470.40 Td (to ) Tj ET Q q 0 0 0 rg BT 267.57 470.40 Td (schedule ) Tj ET Q q 0 0 0 rg BT 297.72 470.40 Td (hearings ) Tj ET Q q 0 0 0 rg BT 326.99 470.40 Td (in ) Tj ET Q q 0 0 0 rg BT 335.38 470.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 360.19 470.40 Td (of ) Tj ET Q q 0 0 0 rg BT 369.02 470.40 Td (the ) Tj ET Q q 0 0 0 rg BT 380.96 470.40 Td (First ) Tj ET Q q 0 0 0 rg BT 397.79 470.40 Td (PN ) Tj ET Q q 0 0 0 rg BT 410.18 470.40 Td (Case ) Tj ET Q q 0 0 0 rg BT 427.90 470.40 Td (as ) Tj ET Q q 0 0 0 rg BT 436.73 470.40 Td (well ) Tj ET Q q 0 0 0 rg BT 452.66 470.40 Td (in ) Tj ET Q q 0 0 0 rg BT 461.05 470.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 485.87 470.40 Td (of ) Tj ET Q q 0 0 0 rg BT 494.70 470.40 Td (the ) Tj ET Q q 0 0 0 rg BT 506.63 470.40 Td (claims ) Tj ET Q q 0 0 0 rg BT 529.68 470.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 556.28 470.40 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 460.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.33 460.80 Td (second ) Tj ET Q q 0 0 0 rg BT 85.59 460.80 Td (promissory ) Tj ET Q q 0 0 0 rg BT 123.65 460.80 Td (note ) Tj ET Q q 0 0 0 rg BT 139.47 460.80 Td (having ) Tj ET Q q 0 0 0 rg BT 163.30 460.80 Td (a ) Tj ET Q q 0 0 0 rg BT 168.90 460.80 Td (face ) Tj ET Q q 0 0 0 rg BT 184.27 460.80 Td (value ) Tj ET Q q 0 0 0 rg BT 203.65 460.80 Td (of ) Tj ET Q q 0 0 0 rg BT 212.37 460.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 260.63 460.80 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.68 460.80 Td (8.3 ) Tj ET Q q 0 0 0 rg BT 290.73 460.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.84 460.80 Td ( ) Tj ET Q q 0 0 0 rg BT 315.90 460.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 330.39 460.80 Td (Second ) Tj ET Q q 0 0 0 rg BT 359.54 460.80 Td (PN ) Tj ET Q q 0 0 0 rg BT 371.82 460.80 Td (Case\) ) Tj ET Q q 0 0 0 rg BT 395.64 460.80 Td (and ) Tj ET Q q 0 0 0 rg BT 409.24 460.80 Td (one ) Tj ET Q q 0 0 0 rg BT 422.85 460.80 Td (of ) Tj ET Q q 0 0 0 rg BT 431.56 460.80 Td (the ) Tj ET Q q 0 0 0 rg BT 443.39 460.80 Td (promissory ) Tj ET Q q 0 0 0 rg BT 481.44 460.80 Td (notes ) Tj ET Q q 0 0 0 rg BT 500.38 460.80 Td (having ) Tj ET Q q 0 0 0 rg BT 524.21 460.80 Td (a ) Tj ET Q q 0 0 0 rg BT 529.81 460.80 Td (face ) Tj ET Q q 0 0 0 rg BT 545.18 460.80 Td (value ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 451.20 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 451.20 Td (approximately ) Tj ET Q q 0 0 0 rg BT 106.37 451.20 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 124.37 451.20 Td (26.2 ) Tj ET Q q 0 0 0 rg BT 140.37 451.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 163.48 451.20 Td ( ) Tj ET Q q 0 0 0 rg BT 165.48 451.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 179.92 451.20 Td ("Third ) Tj ET Q q 0 0 0 rg BT 202.96 451.20 Td (PN ) Tj ET Q q 0 0 0 rg BT 215.19 451.20 Td (Case"\). ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 435.60 Td (On ) Tj ET Q q 0 0 0 rg BT 60.84 435.60 Td (April ) Tj ET Q q 0 0 0 rg BT 79.72 435.60 Td (26, ) Tj ET Q q 0 0 0 rg BT 91.72 435.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 111.72 435.60 Td (the ) Tj ET Q q 0 0 0 rg BT 123.50 435.60 Td (judge ) Tj ET Q q 0 0 0 rg BT 143.27 435.60 Td (in ) Tj ET Q q 0 0 0 rg BT 151.49 435.60 Td (the ) Tj ET Q q 0 0 0 rg BT 163.27 435.60 Td (First ) Tj ET Q q 0 0 0 rg BT 179.94 435.60 Td (PN ) Tj ET Q q 0 0 0 rg BT 192.16 435.60 Td (Case ) Tj ET Q q 0 0 0 rg BT 209.71 435.60 Td (ruled ) Tj ET Q q 0 0 0 rg BT 228.15 435.60 Td (in ) Tj ET Q q 0 0 0 rg BT 236.38 435.60 Td (favor ) Tj ET Q q 0 0 0 rg BT 255.25 435.60 Td (of ) Tj ET Q q 0 0 0 rg BT 263.92 435.60 Td (the ) Tj ET Q q 0 0 0 rg BT 275.69 435.60 Td (plaintif) Tj ET Q q 0 0 0 rg BT 298.65 435.60 Td (f. ) Tj ET Q q 0 0 0 rg BT 305.32 435.60 Td (Markiza ) Tj ET Q q 0 0 0 rg BT 333.97 435.60 Td (appealed ) Tj ET Q q 0 0 0 rg BT 364.39 435.60 Td (that ) Tj ET Q q 0 0 0 rg BT 378.39 435.60 Td (decision. ) Tj ET Q q 0 0 0 rg BT 409.05 435.60 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 420.00 Td (On ) Tj ET Q q 0 0 0 rg BT 61.00 420.00 Td (May ) Tj ET Q q 0 0 0 rg BT 77.38 420.00 Td (14, ) Tj ET Q q 0 0 0 rg BT 89.10 420.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 108.82 420.00 Td (Markiza ) Tj ET Q q 0 0 0 rg BT 137.19 420.00 Td (filed ) Tj ET Q q 0 0 0 rg BT 153.57 420.00 Td (a ) Tj ET Q q 0 0 0 rg BT 158.84 420.00 Td (criminal ) Tj ET Q q 0 0 0 rg BT 187.22 420.00 Td (complaint ) Tj ET Q q 0 0 0 rg BT 220.93 420.00 Td (with ) Tj ET Q q 0 0 0 rg BT 236.87 420.00 Td (the ) Tj ET Q q 0 0 0 rg BT 248.37 420.00 Td (Special ) Tj ET Q q 0 0 0 rg BT 273.63 420.00 Td (Prosecutor's ) Tj ET Q q 0 0 0 rg BT 314.12 420.00 Td (Of) Tj ET Q q 0 0 0 rg BT 322.42 420.00 Td (fice ) Tj ET Q q 0 0 0 rg BT 336.13 420.00 Td (of ) Tj ET Q q 0 0 0 rg BT 344.51 420.00 Td (the ) Tj ET Q q 0 0 0 rg BT 356.00 420.00 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 379.95 420.00 Td (Republic\(the ) Tj ET Q q 0 0 0 rg BT 424.99 420.00 Td ("Special ) Tj ET Q q 0 0 0 rg BT 453.52 420.00 Td (Prosecutor) Tj ET Q q 0 0 0 rg BT 488.03 420.00 Td () Tj ET Q q 0 0 0 rg BT 490.25 420.00 Td (s ) Tj ET Q q 0 0 0 rg BT 495.09 420.00 Td (Of) Tj ET Q q 0 0 0 rg BT 503.38 420.00 Td (fice"\) ) Tj ET Q q 0 0 0 rg BT 523.02 420.00 Td (alleging ) Tj ET Q q 0 0 0 rg BT 550.51 420.00 Td (that ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 410.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 58.84 410.40 Td (. ) Tj ET Q q 0 0 0 rg BT 64.07 410.40 Td (Kocner ) Tj ET Q q 0 0 0 rg BT 90.85 410.40 Td (and ) Tj ET Q q 0 0 0 rg BT 105.63 410.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 114.97 410.40 Td (. ) Tj ET Q q 0 0 0 rg BT 120.20 410.40 Td (Rusko ) Tj ET Q q 0 0 0 rg BT 143.88 410.40 Td (committed ) Tj ET Q q 0 0 0 rg BT 181.33 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 194.34 410.40 Td (of) Tj ET Q q 0 0 0 rg BT 200.86 410.40 Td (fenses ) Tj ET Q q 0 0 0 rg BT 224.09 410.40 Td (of\(1\)counterfeiting, ) Tj ET Q q 0 0 0 rg BT 294.18 410.40 Td (falsification,and ) Tj ET Q q 0 0 0 rg BT 351.17 410.40 Td (illegal ) Tj ET Q q 0 0 0 rg BT 374.40 410.40 Td (production ) Tj ET Q q 0 0 0 rg BT 412.29 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 422.19 410.40 Td (moneyandsecurities ) Tj ET Q q 0 0 0 rg BT 492.96 410.40 Td (and\(2\)obstructionor ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 400.80 Td (perversion ) Tj ET Q q 0 0 0 rg BT 85.27 400.80 Td (of ) Tj ET Q q 0 0 0 rg BT 93.93 400.80 Td (justice. ) Tj ET Q q 0 0 0 rg BT 118.67 400.80 Td (The ) Tj ET Q q 0 0 0 rg BT 133.11 400.80 Td (Special ) Tj ET Q q 0 0 0 rg BT 158.65 400.80 Td (Prosecutor) Tj ET Q q 0 0 0 rg BT 193.16 400.80 Td () Tj ET Q q 0 0 0 rg BT 195.39 400.80 Td (s ) Tj ET Q q 0 0 0 rg BT 200.50 400.80 Td (Of) Tj ET Q q 0 0 0 rg BT 208.80 400.80 Td (fice ) Tj ET Q q 0 0 0 rg BT 222.79 400.80 Td (opened ) Tj ET Q q 0 0 0 rg BT 247.89 400.80 Td (criminal ) Tj ET Q q 0 0 0 rg BT 276.54 400.80 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 317.20 400.80 Td (in ) Tj ET Q q 0 0 0 rg BT 325.42 400.80 Td (the ) Tj ET Q q 0 0 0 rg BT 337.19 400.80 Td (matter ) Tj ET Q q 0 0 0 rg BT 359.63 400.80 Td (at ) Tj ET Q q 0 0 0 rg BT 367.40 400.80 Td (that ) Tj ET Q q 0 0 0 rg BT 381.39 400.80 Td (time.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 385.20 Td (On ) Tj ET Q q 0 0 0 rg BT 61.51 385.20 Td (June ) Tj ET Q q 0 0 0 rg BT 78.41 385.20 Td (20, ) Tj ET Q q 0 0 0 rg BT 90.64 385.20 Td (2018, ) Tj ET Q q 0 0 0 rg BT 110.88 385.20 Td (the ) Tj ET Q q 0 0 0 rg BT 122.88 385.20 Td (Special ) Tj ET Q q 0 0 0 rg BT 148.66 385.20 Td (Prosecutor) Tj ET Q q 0 0 0 rg BT 183.17 385.20 Td () Tj ET Q q 0 0 0 rg BT 185.40 385.20 Td (s ) Tj ET Q q 0 0 0 rg BT 190.74 385.20 Td (Of) Tj ET Q q 0 0 0 rg BT 199.04 385.20 Td (fice ) Tj ET Q q 0 0 0 rg BT 213.26 385.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 235.50 385.20 Td (a ) Tj ET Q q 0 0 0 rg BT 241.28 385.20 Td (decision ) Tj ET Q q 0 0 0 rg BT 270.17 385.20 Td (to ) Tj ET Q q 0 0 0 rg BT 278.63 385.20 Td (formally ) Tj ET Q q 0 0 0 rg BT 308.41 385.20 Td (char) Tj ET Q q 0 0 0 rg BT 322.03 385.20 Td (ge ) Tj ET Q q 0 0 0 rg BT 331.81 385.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 341.15 385.20 Td (. ) Tj ET Q q 0 0 0 rg BT 345.38 385.20 Td (Kocner ) Tj ET Q q 0 0 0 rg BT 371.16 385.20 Td (and ) Tj ET Q q 0 0 0 rg BT 384.94 385.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 394.28 385.20 Td (. ) Tj ET Q q 0 0 0 rg BT 398.51 385.20 Td (Rusko ) Tj ET Q q 0 0 0 rg BT 421.20 385.20 Td (withcounterfeiting, ) Tj ET Q q 0 0 0 rg BT 486.52 385.20 Td (falsification,and ) Tj ET Q q 0 0 0 rg BT 542.51 385.20 Td (illegal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 375.60 Td (production ) Tj ET Q q 0 0 0 rg BT 85.98 375.60 Td (of ) Tj ET Q q 0 0 0 rg BT 94.47 375.60 Td (moneyandsecurities ) Tj ET Q q 0 0 0 rg BT 163.83 375.60 Td (andwith ) Tj ET Q q 0 0 0 rg BT 193.42 375.60 Td (obstructionor ) Tj ET Q q 0 0 0 rg BT 239.90 375.60 Td (perversion ) Tj ET Q q 0 0 0 rg BT 275.49 375.60 Td (of ) Tj ET Q q 0 0 0 rg BT 283.98 375.60 Td (justice. ) Tj ET Q q 0 0 0 rg BT 308.68 375.60 Td (Following ) Tj ET Q q 0 0 0 rg BT 343.40 375.60 Td (this ) Tj ET Q q 0 0 0 rg BT 356.78 375.60 Td (decision, ) Tj ET Q q 0 0 0 rg BT 387.26 375.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 396.60 375.60 Td (. ) Tj ET Q q 0 0 0 rg BT 400.42 375.60 Td (Kocner ) Tj ET Q q 0 0 0 rg BT 425.79 375.60 Td (has ) Tj ET Q q 0 0 0 rg BT 438.27 375.60 Td (been ) Tj ET Q q 0 0 0 rg BT 455.20 375.60 Td (taken ) Tj ET Q q 0 0 0 rg BT 474.34 375.60 Td (into ) Tj ET Q q 0 0 0 rg BT 488.61 375.60 Td (pre-trial ) Tj ET Q q 0 0 0 rg BT 516.20 375.60 Td (custody ) Tj ET Q q 0 0 0 rg BT 542.90 375.60 Td (by ) Tj ET Q q 0 0 0 rg BT 552.73 375.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 366.00 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 73.61 366.00 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 111.26 366.00 Td (Subsequently) Tj ET Q q 0 0 0 rg BT 153.85 366.00 Td (, ) Tj ET Q q 0 0 0 rg BT 157.73 366.00 Td (the ) Tj ET Q q 0 0 0 rg BT 169.39 366.00 Td (Special ) Tj ET Q q 0 0 0 rg BT 194.82 366.00 Td (Prosecutor) Tj ET Q q 0 0 0 rg BT 229.33 366.00 Td () Tj ET Q q 0 0 0 rg BT 231.56 366.00 Td (s ) Tj ET Q q 0 0 0 rg BT 236.55 366.00 Td (Of) Tj ET Q q 0 0 0 rg BT 244.85 366.00 Td (fice ) Tj ET Q q 0 0 0 rg BT 258.72 366.00 Td (has ) Tj ET Q q 0 0 0 rg BT 271.27 366.00 Td (char) Tj ET Q q 0 0 0 rg BT 284.89 366.00 Td (ged ) Tj ET Q q 0 0 0 rg BT 298.33 366.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 307.66 366.00 Td (. ) Tj ET Q q 0 0 0 rg BT 311.54 366.00 Td (Kocner) Tj ET Q q 0 0 0 rg BT 335.38 366.00 Td () Tj ET Q q 0 0 0 rg BT 337.61 366.00 Td (s ) Tj ET Q q 0 0 0 rg BT 342.60 366.00 Td ( ) Tj ET Q q 0 0 0 rg BT 344.49 366.00 Td (long-time ) Tj ET Q q 0 0 0 rg BT 377.48 366.00 Td (associate, ) Tj ET Q q 0 0 0 rg BT 410.24 366.00 Td (who ) Tj ET Q q 0 0 0 rg BT 425.90 366.00 Td (signed ) Tj ET Q q 0 0 0 rg BT 448.67 366.00 Td (two ) Tj ET Q q 0 0 0 rg BT 462.55 366.00 Td (of ) Tj ET Q q 0 0 0 rg BT 471.10 366.00 Td (the ) Tj ET Q q 0 0 0 rg BT 482.76 366.00 Td (alleged ) Tj ET Q q 0 0 0 rg BT 507.74 366.00 Td (promissory ) Tj ET Q q 0 0 0 rg BT 545.62 366.00 Td (notes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 356.40 Td (as ) Tj ET Q q 0 0 0 rg BT 57.39 356.40 Td (the ) Tj ET Q q 0 0 0 rg BT 68.39 356.40 Td (original ) Tj ET Q q 0 0 0 rg BT 94.51 356.40 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 127.27 356.40 Td (owner ) Tj ET Q q 0 0 0 rg BT 148.49 356.40 Td (and ) Tj ET Q q 0 0 0 rg BT 161.27 356.40 Td (purported ) Tj ET Q q 0 0 0 rg BT 193.60 356.40 Td (to ) Tj ET Q q 0 0 0 rg BT 201.05 356.40 Td (endorse ) Tj ET Q q 0 0 0 rg BT 227.16 356.40 Td (those ) Tj ET Q q 0 0 0 rg BT 245.27 356.40 Td (notes ) Tj ET Q q 0 0 0 rg BT 263.39 356.40 Td (to ) Tj ET Q q 0 0 0 rg BT 270.84 356.40 Td (a ) Tj ET Q q 0 0 0 rg BT 275.62 356.40 Td (company ) Tj ET Q q 0 0 0 rg BT 306.17 356.40 Td (controlled ) Tj ET Q q 0 0 0 rg BT 339.83 356.40 Td (by ) Tj ET Q q 0 0 0 rg BT 349.06 356.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 358.40 356.40 Td (. ) Tj ET Q q 0 0 0 rg BT 361.63 356.40 Td (Kocner) Tj ET Q q 0 0 0 rg BT 384.85 356.40 Td (, ) Tj ET Q q 0 0 0 rg BT 388.08 356.40 Td (with ) Tj ET Q q 0 0 0 rg BT 403.53 356.40 Td (counterfeiting, ) Tj ET Q q 0 0 0 rg BT 451.63 356.40 Td (falsification,and ) Tj ET Q q 0 0 0 rg BT 506.62 356.40 Td (illegal ) Tj ET Q q 0 0 0 rg BT 527.84 356.40 Td (production ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 346.80 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 346.80 Td (moneyandsecurities.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 331.20 Td (On ) Tj ET Q q 0 0 0 rg BT 61.37 331.20 Td (October ) Tj ET Q q 0 0 0 rg BT 89.23 331.20 Td (12, ) Tj ET Q q 0 0 0 rg BT 101.32 331.20 Td (2018, ) Tj ET Q q 0 0 0 rg BT 121.41 331.20 Td (the ) Tj ET Q q 0 0 0 rg BT 133.28 331.20 Td (court ) Tj ET Q q 0 0 0 rg BT 151.81 331.20 Td (of ) Tj ET Q q 0 0 0 rg BT 160.57 331.20 Td (first ) Tj ET Q q 0 0 0 rg BT 175.55 331.20 Td (instance ) Tj ET Q q 0 0 0 rg BT 203.85 331.20 Td (terminated ) Tj ET Q q 0 0 0 rg BT 240.15 331.20 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 280.90 331.20 Td (in ) Tj ET Q q 0 0 0 rg BT 289.21 331.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 313.96 331.20 Td (of ) Tj ET Q q 0 0 0 rg BT 322.71 331.20 Td (the ) Tj ET Q q 0 0 0 rg BT 334.58 331.20 Td (Second ) Tj ET Q q 0 0 0 rg BT 360.22 331.20 Td (PN ) Tj ET Q q 0 0 0 rg BT 372.54 331.20 Td (Case ) Tj ET Q q 0 0 0 rg BT 390.19 331.20 Td (because ) Tj ET Q q 0 0 0 rg BT 417.59 331.20 Td (the ) Tj ET Q q 0 0 0 rg BT 429.46 331.20 Td (plaintif) Tj ET Q q 0 0 0 rg BT 452.42 331.20 Td (f ) Tj ET Q q 0 0 0 rg BT 457.18 331.20 Td (failed ) Tj ET Q q 0 0 0 rg BT 477.48 331.20 Td (to ) Tj ET Q q 0 0 0 rg BT 485.80 331.20 Td (pursue ) Tj ET Q q 0 0 0 rg BT 509.22 331.20 Td (the ) Tj ET Q q 0 0 0 rg BT 521.08 331.20 Td (claim, ) Tj ET Q q 0 0 0 rg BT 542.95 331.20 Td (which ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 321.60 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 321.60 Td (plaintif) Tj ET Q q 0 0 0 rg BT 84.23 321.60 Td (f ) Tj ET Q q 0 0 0 rg BT 88.90 321.60 Td (appealed. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 306.00 Td (On ) Tj ET Q q 0 0 0 rg BT 61.25 306.00 Td (December ) Tj ET Q q 0 0 0 rg BT 96.10 306.00 Td (14, ) Tj ET Q q 0 0 0 rg BT 108.07 306.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 128.05 306.00 Td (the ) Tj ET Q q 0 0 0 rg BT 139.80 306.00 Td (appellate ) Tj ET Q q 0 0 0 rg BT 170.65 306.00 Td (court ) Tj ET Q q 0 0 0 rg BT 189.06 306.00 Td (suspended ) Tj ET Q q 0 0 0 rg BT 224.37 306.00 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 265.00 306.00 Td (in ) Tj ET Q q 0 0 0 rg BT 273.20 306.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 297.82 306.00 Td (of ) Tj ET Q q 0 0 0 rg BT 306.46 306.00 Td (the ) Tj ET Q q 0 0 0 rg BT 318.21 306.00 Td (First ) Tj ET Q q 0 0 0 rg BT 334.86 306.00 Td (PN ) Tj ET Q q 0 0 0 rg BT 347.07 306.00 Td (Case ) Tj ET Q q 0 0 0 rg BT 364.59 306.00 Td (until ) Tj ET Q q 0 0 0 rg BT 381.24 306.00 Td (a ) Tj ET Q q 0 0 0 rg BT 386.77 306.00 Td (final ) Tj ET Q q 0 0 0 rg BT 403.40 306.00 Td (and ) Tj ET Q q 0 0 0 rg BT 416.93 306.00 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 456.21 306.00 Td (decision ) Tj ET Q q 0 0 0 rg BT 484.85 306.00 Td (has ) Tj ET Q q 0 0 0 rg BT 497.49 306.00 Td (been ) Tj ET Q q 0 0 0 rg BT 514.57 306.00 Td (rendered ) Tj ET Q q 0 0 0 rg BT 544.52 306.00 Td (in ) Tj ET Q q 0 0 0 rg BT 552.72 306.00 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 296.40 Td (criminal ) Tj ET Q q 0 0 0 rg BT 78.16 296.40 Td (proceedings.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 280.80 Td (On ) Tj ET Q q 0 0 0 rg BT 61.37 280.80 Td (December ) Tj ET Q q 0 0 0 rg BT 96.32 280.80 Td (21, ) Tj ET Q q 0 0 0 rg BT 108.41 280.80 Td (2018, ) Tj ET Q q 0 0 0 rg BT 128.50 280.80 Td (the ) Tj ET Q q 0 0 0 rg BT 140.37 280.80 Td (appellate ) Tj ET Q q 0 0 0 rg BT 171.33 280.80 Td (court ) Tj ET Q q 0 0 0 rg BT 189.86 280.80 Td (reversed ) Tj ET Q q 0 0 0 rg BT 219.04 280.80 Td (the ) Tj ET Q q 0 0 0 rg BT 230.90 280.80 Td (decision ) Tj ET Q q 0 0 0 rg BT 259.65 280.80 Td (of ) Tj ET Q q 0 0 0 rg BT 268.41 280.80 Td (the ) Tj ET Q q 0 0 0 rg BT 280.27 280.80 Td (court ) Tj ET Q q 0 0 0 rg BT 298.80 280.80 Td (of ) Tj ET Q q 0 0 0 rg BT 307.55 280.80 Td (first ) Tj ET Q q 0 0 0 rg BT 322.53 280.80 Td (instance ) Tj ET Q q 0 0 0 rg BT 350.83 280.80 Td (to ) Tj ET Q q 0 0 0 rg BT 359.14 280.80 Td (terminate ) Tj ET Q q 0 0 0 rg BT 391.44 280.80 Td (the ) Tj ET Q q 0 0 0 rg BT 403.30 280.80 Td (Second ) Tj ET Q q 0 0 0 rg BT 428.94 280.80 Td (PN ) Tj ET Q q 0 0 0 rg BT 441.26 280.80 Td (Case ) Tj ET Q q 0 0 0 rg BT 458.90 280.80 Td (and ) Tj ET Q q 0 0 0 rg BT 472.54 280.80 Td (directed ) Tj ET Q q 0 0 0 rg BT 500.39 280.80 Td (the ) Tj ET Q q 0 0 0 rg BT 512.25 280.80 Td (case ) Tj ET Q q 0 0 0 rg BT 528.11 280.80 Td (be ) Tj ET Q q 0 0 0 rg BT 537.75 280.80 Td (tried ) Tj ET Q q 0 0 0 rg BT 554.50 280.80 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 271.20 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 271.20 Td (merits. ) Tj ET Q q 0 0 0 rg BT 85.27 271.20 Td (No ) Tj ET Q q 0 0 0 rg BT 97.05 271.20 Td (hearings ) Tj ET Q q 0 0 0 rg BT 126.15 271.20 Td (have ) Tj ET Q q 0 0 0 rg BT 143.25 271.20 Td (been ) Tj ET Q q 0 0 0 rg BT 160.35 271.20 Td (held ) Tj ET Q q 0 0 0 rg BT 176.13 271.20 Td (or ) Tj ET Q q 0 0 0 rg BT 184.79 271.20 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 218.78 271.20 Td (in ) Tj ET Q q 0 0 0 rg BT 227.00 271.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 251.65 271.20 Td (of ) Tj ET Q q 0 0 0 rg BT 260.32 271.20 Td (this ) Tj ET Q q 0 0 0 rg BT 273.88 271.20 Td (claim ) Tj ET Q q 0 0 0 rg BT 293.64 271.20 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 331.20 271.20 Td (to ) Tj ET Q q 0 0 0 rg BT 339.42 271.20 Td (that ) Tj ET Q q 0 0 0 rg BT 353.41 271.20 Td (decision.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 255.60 Td (There ) Tj ET Q q 0 0 0 rg BT 70.15 255.60 Td (have ) Tj ET Q q 0 0 0 rg BT 87.25 255.60 Td (been ) Tj ET Q q 0 0 0 rg BT 104.36 255.60 Td (no ) Tj ET Q q 0 0 0 rg BT 114.36 255.60 Td (hearings ) Tj ET Q q 0 0 0 rg BT 143.46 255.60 Td (held ) Tj ET Q q 0 0 0 rg BT 159.23 255.60 Td (in ) Tj ET Q q 0 0 0 rg BT 167.45 255.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 192.11 255.60 Td (of ) Tj ET Q q 0 0 0 rg BT 200.77 255.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.40 255.60 Td (Third ) Tj ET Q q 0 0 0 rg BT 232.17 255.60 Td (PN ) Tj ET Q q 0 0 0 rg BT 244.40 255.60 Td (Case ) Tj ET Q q 0 0 0 rg BT 261.95 255.60 Td (since ) Tj ET Q q 0 0 0 rg BT 280.39 255.60 Td (the ) Tj ET Q q 0 0 0 rg BT 292.16 255.60 Td (initiation ) Tj ET Q q 0 0 0 rg BT 323.05 255.60 Td (of ) Tj ET Q q 0 0 0 rg BT 331.71 255.60 Td (the ) Tj ET Q q 0 0 0 rg BT 343.48 255.60 Td (criminal ) Tj ET Q q 0 0 0 rg BT 372.14 255.60 Td (proceedings. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 240.00 Td (Markiza ) Tj ET Q q 0 0 0 rg BT 78.50 240.00 Td (is ) Tj ET Q q 0 0 0 rg BT 86.18 240.00 Td (seeking ) Tj ET Q q 0 0 0 rg BT 112.97 240.00 Td (to ) Tj ET Q q 0 0 0 rg BT 121.54 240.00 Td (have ) Tj ET Q q 0 0 0 rg BT 138.99 240.00 Td (the ) Tj ET Q q 0 0 0 rg BT 151.11 240.00 Td (civil ) Tj ET Q q 0 0 0 rg BT 167.68 240.00 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 208.68 240.00 Td (in ) Tj ET Q q 0 0 0 rg BT 217.25 240.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 242.25 240.00 Td (of ) Tj ET Q q 0 0 0 rg BT 251.26 240.00 Td (this ) Tj ET Q q 0 0 0 rg BT 265.16 240.00 Td (claim ) Tj ET Q q 0 0 0 rg BT 285.28 240.00 Td (either ) Tj ET Q q 0 0 0 rg BT 305.84 240.00 Td (suspended ) Tj ET Q q 0 0 0 rg BT 341.52 240.00 Td (until ) Tj ET Q q 0 0 0 rg BT 358.53 240.00 Td (the ) Tj ET Q q 0 0 0 rg BT 370.65 240.00 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 407.66 240.00 Td (of ) Tj ET Q q 0 0 0 rg BT 416.67 240.00 Td (the ) Tj ET Q q 0 0 0 rg BT 428.79 240.00 Td (criminal ) Tj ET Q q 0 0 0 rg BT 457.80 240.00 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 498.80 240.00 Td (or ) Tj ET Q q 0 0 0 rg BT 507.81 240.00 Td (dismissed. ) Tj ET Q q 0 0 0 rg BT 543.71 240.00 Td (In ) Tj ET Q q 0 0 0 rg BT 552.73 240.00 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 230.40 Td (event ) Tj ET Q q 0 0 0 rg BT 68.82 230.40 Td (any ) Tj ET Q q 0 0 0 rg BT 82.38 230.40 Td (of ) Tj ET Q q 0 0 0 rg BT 91.04 230.40 Td (the ) Tj ET Q q 0 0 0 rg BT 102.81 230.40 Td (civil ) Tj ET Q q 0 0 0 rg BT 119.03 230.40 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 159.68 230.40 Td (are ) Tj ET Q q 0 0 0 rg BT 171.45 230.40 Td (not ) Tj ET Q q 0 0 0 rg BT 183.67 230.40 Td (suspended ) Tj ET Q q 0 0 0 rg BT 219.00 230.40 Td (or ) Tj ET Q q 0 0 0 rg BT 227.66 230.40 Td (dismissed, ) Tj ET Q q 0 0 0 rg BT 263.22 230.40 Td (Markiza ) Tj ET Q q 0 0 0 rg BT 291.88 230.40 Td (will ) Tj ET Q q 0 0 0 rg BT 306.32 230.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 335.87 230.40 Td (to ) Tj ET Q q 0 0 0 rg BT 344.09 230.40 Td (vigorously ) Tj ET Q q 0 0 0 rg BT 380.31 230.40 Td (defend ) Tj ET Q q 0 0 0 rg BT 404.08 230.40 Td (the ) Tj ET Q q 0 0 0 rg BT 415.85 230.40 Td (claims.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 214.80 Td (Based ) Tj ET Q q 0 0 0 rg BT 71.05 214.80 Td (on ) Tj ET Q q 0 0 0 rg BT 81.05 214.80 Td (the ) Tj ET Q q 0 0 0 rg BT 92.82 214.80 Td (facts ) Tj ET Q q 0 0 0 rg BT 109.93 214.80 Td (and ) Tj ET Q q 0 0 0 rg BT 123.48 214.80 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 170.79 214.80 Td (of ) Tj ET Q q 0 0 0 rg BT 179.45 214.80 Td (these ) Tj ET Q q 0 0 0 rg BT 197.89 214.80 Td (cases, ) Tj ET Q q 0 0 0 rg BT 218.77 214.80 Td (we ) Tj ET Q q 0 0 0 rg BT 230.10 214.80 Td (have ) Tj ET Q q 0 0 0 rg BT 247.20 214.80 Td (not ) Tj ET Q q 0 0 0 rg BT 259.42 214.80 Td (accrued ) Tj ET Q q 0 0 0 rg BT 286.29 214.80 Td (any ) Tj ET Q q 0 0 0 rg BT 299.84 214.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 328.95 214.80 Td (in ) Tj ET Q q 0 0 0 rg BT 337.17 214.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 361.82 214.80 Td (of ) Tj ET Q q 0 0 0 rg BT 370.49 214.80 Td (these ) Tj ET Q q 0 0 0 rg BT 388.93 214.80 Td (claims.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 193.20 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 72.84 193.20 Td (4. ) Tj ET Q q 0 0 0 rg BT 94.50 193.20 Td (MINE ) Tj ET Q q 0 0 0 rg BT 118.28 193.20 Td (SAFETY) Tj ET Q q 0 0 0 rg BT 149.54 193.20 Td ( ) Tj ET Q q 0 0 0 rg BT 151.54 193.20 Td (DISCLOSURES) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 177.60 Td (Not ) Tj ET Q q 0 0 0 rg BT 63.50 177.60 Td (applicable.) Tj ET Q endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (P) Tj ET Q q 0 0 0 rg BT 53.79 723.60 Td (AR) Tj ET Q q 0 0 0 rg BT 65.07 723.60 Td (T) Tj ET Q q 0 0 0 rg BT 70.26 723.60 Td ( II) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 702.00 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 72.84 702.00 Td (5. ) Tj ET Q q 0 0 0 rg BT 94.50 702.00 Td (MARKET) Tj ET Q q 0 0 0 rg BT 130.36 702.00 Td ( ) Tj ET Q q 0 0 0 rg BT 133.94 702.00 Td (FOR ) Tj ET Q q 0 0 0 rg BT 154.42 702.00 Td (REGISTRANT'S ) Tj ET Q q 0 0 0 rg BT 217.58 702.00 Td (COMMON ) Tj ET Q q 0 0 0 rg BT 260.27 702.00 Td (EQUITY) Tj ET Q q 0 0 0 rg BT 291.10 702.00 Td (, ) Tj ET Q q 0 0 0 rg BT 296.68 702.00 Td (RELA) Tj ET Q q 0 0 0 rg BT 318.32 702.00 Td (TED ) Tj ET Q q 0 0 0 rg BT 338.35 702.00 Td (ST) Tj ET Q q 0 0 0 rg BT 347.99 702.00 Td (OCKHOLDER ) Tj ET Q q 0 0 0 rg BT 404.48 702.00 Td (MA) Tj ET Q q 0 0 0 rg BT 417.21 702.00 Td (TTERS ) Tj ET Q q 0 0 0 rg BT 446.24 702.00 Td (AND ) Tj ET Q q 0 0 0 rg BT 467.16 702.00 Td (ISSUER ) Tj ET Q q 0 0 0 rg BT 499.65 702.00 Td (PURCHASES ) Tj ET Q q 0 0 0 rg BT 551.69 702.00 Td (OF) Tj ET Q q 0 0 0 rg BT 562.50 702.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 94.50 692.40 Td (EQUITY) Tj ET Q q 0 0 0 rg BT 125.77 692.40 Td ( ) Tj ET Q q 0 0 0 rg BT 127.77 692.40 Td (SECURITIES) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 676.80 Td (Shares ) Tj ET Q q 0 0 0 rg BT 73.30 676.80 Td (of ) Tj ET Q q 0 0 0 rg BT 82.43 676.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 101.69 676.80 Td (A) Tj ET Q q 0 0 0 rg BT 107.03 676.80 Td ( ) Tj ET Q q 0 0 0 rg BT 109.50 676.80 Td (common ) Tj ET Q q 0 0 0 rg BT 139.96 676.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 159.32 676.80 Td (of ) Tj ET Q q 0 0 0 rg BT 168.45 676.80 Td (Central ) Tj ET Q q 0 0 0 rg BT 194.47 676.80 Td (European ) Tj ET Q q 0 0 0 rg BT 227.59 676.80 Td (Media ) Tj ET Q q 0 0 0 rg BT 250.50 676.80 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 288.96 676.80 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 304.54 676.80 Td (began ) Tj ET Q q 0 0 0 rg BT 326.11 676.80 Td (trading ) Tj ET Q q 0 0 0 rg BT 351.24 676.80 Td (on ) Tj ET Q q 0 0 0 rg BT 361.71 676.80 Td (the ) Tj ET Q q 0 0 0 rg BT 373.95 676.80 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 409.76 676.80 Td (National ) Tj ET Q q 0 0 0 rg BT 439.77 676.80 Td (Market ) Tj ET Q q 0 0 0 rg BT 465.34 676.80 Td (\(since ) Tj ET Q q 0 0 0 rg BT 486.92 676.80 Td (renamed ) Tj ET Q q 0 0 0 rg BT 516.92 676.80 Td (the ) Tj ET Q q 0 0 0 rg BT 529.17 676.80 Td (NASDAQ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 667.20 Td (Global ) Tj ET Q q 0 0 0 rg BT 73.36 667.20 Td (Select ) Tj ET Q q 0 0 0 rg BT 94.99 667.20 Td (Market\) ) Tj ET Q q 0 0 0 rg BT 122.84 667.20 Td (on ) Tj ET Q q 0 0 0 rg BT 132.92 667.20 Td (October ) Tj ET Q q 0 0 0 rg BT 160.77 667.20 Td (13, ) Tj ET Q q 0 0 0 rg BT 172.86 667.20 Td (1994 ) Tj ET Q q 0 0 0 rg BT 190.94 667.20 Td (and ) Tj ET Q q 0 0 0 rg BT 204.57 667.20 Td (began ) Tj ET Q q 0 0 0 rg BT 225.76 667.20 Td (trading ) Tj ET Q q 0 0 0 rg BT 250.50 667.20 Td (on ) Tj ET Q q 0 0 0 rg BT 260.59 667.20 Td (the ) Tj ET Q q 0 0 0 rg BT 272.45 667.20 Td (Prague ) Tj ET Q q 0 0 0 rg BT 296.74 667.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 317.05 667.20 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 350.67 667.20 Td (on ) Tj ET Q q 0 0 0 rg BT 360.76 667.20 Td (June ) Tj ET Q q 0 0 0 rg BT 377.51 667.20 Td (27, ) Tj ET Q q 0 0 0 rg BT 389.59 667.20 Td (2005. ) Tj ET Q q 0 0 0 rg BT 409.67 667.20 Td (On ) Tj ET Q q 0 0 0 rg BT 421.54 667.20 Td (each ) Tj ET Q q 0 0 0 rg BT 438.27 667.20 Td (market, ) Tj ET Q q 0 0 0 rg BT 464.57 667.20 Td (the ) Tj ET Q q 0 0 0 rg BT 476.42 667.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 498.50 667.20 Td (are ) Tj ET Q q 0 0 0 rg BT 510.35 667.20 Td (traded ) Tj ET Q q 0 0 0 rg BT 532.42 667.20 Td (under ) Tj ET Q q 0 0 0 rg BT 552.72 667.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 657.60 Td (ticker ) Tj ET Q q 0 0 0 rg BT 69.71 657.60 Td (symbol ) Tj ET Q q 0 0 0 rg BT 95.27 657.60 Td ("CETV".) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 642.00 Td (On ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.86 642.00 Td (February1, ) Tj ET Q q 0 0 0 rg BT 101.31 642.00 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.31 642.00 Td (, ) Tj ET Q q 0 0 0 rg BT 121.89 642.00 Td (the ) Tj ET Q q 0 0 0 rg BT 134.24 642.00 Td (last ) Tj ET Q q 0 0 0 rg BT 147.93 642.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 177.16 642.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 195.29 642.00 Td (price ) Tj ET Q q 0 0 0 rg BT 213.86 642.00 Td (for ) Tj ET Q q 0 0 0 rg BT 225.76 642.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 248.33 642.00 Td (of ) Tj ET Q q 0 0 0 rg BT 257.57 642.00 Td (our ) Tj ET Q q 0 0 0 rg BT 270.82 642.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 290.16 642.00 Td (A) Tj ET Q q 0 0 0 rg BT 295.50 642.00 Td ( ) Tj ET Q q 0 0 0 rg BT 298.08 642.00 Td (common ) Tj ET Q q 0 0 0 rg BT 328.65 642.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 348.11 642.00 Td (was ) Tj ET Q q 0 0 0 rg BT 363.13 642.00 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.94 642.00 Td (3.08) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.94 642.00 Td ( ) Tj ET Q q 0 0 0 rg BT 396.52 642.00 Td (and ) Tj ET Q q 0 0 0 rg BT 410.65 642.00 Td (there ) Tj ET Q q 0 0 0 rg BT 429.21 642.00 Td (were ) Tj ET Q q 0 0 0 rg BT 447.33 642.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 496.12 642.00 Td (49 ) Tj ET Q q 0 0 0 rg BT 506.70 642.00 Td (holders ) Tj ET Q q 0 0 0 rg BT 532.83 642.00 Td (of ) Tj ET Q q 0 0 0 rg BT 542.07 642.00 Td (record ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 632.40 Td (\(including ) Tj ET Q q 0 0 0 rg BT 84.38 632.40 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 118.36 632.40 Td (firms ) Tj ET Q q 0 0 0 rg BT 137.25 632.40 Td (and ) Tj ET Q q 0 0 0 rg BT 150.80 632.40 Td (other ) Tj ET Q q 0 0 0 rg BT 169.24 632.40 Td (nominees\).) 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Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 460.20 Td (PERFORMANCE ) Tj ET Q q 0 0 0 rg BT 114.61 460.20 Td (GRAPH) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 444.60 Td (The ) Tj ET Q q 0 0 0 rg BT 63.19 444.60 Td (following ) Tj ET Q q 0 0 0 rg BT 95.54 444.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 137.21 444.60 Td (graph ) Tj ET Q q 0 0 0 rg BT 156.68 444.60 Td (is ) Tj ET Q q 0 0 0 rg BT 163.26 444.60 Td (a ) Tj ET Q q 0 0 0 rg BT 168.06 444.60 Td (line ) Tj ET Q q 0 0 0 rg BT 181.31 444.60 Td (graph ) Tj ET Q q 0 0 0 rg BT 200.77 444.60 Td (comparing ) Tj ET Q q 0 0 0 rg BT 236.23 444.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.25 444.60 Td (change ) Tj ET Q q 0 0 0 rg BT 271.15 444.60 Td (in ) Tj ET Q q 0 0 0 rg BT 278.63 444.60 Td (the ) Tj ET Q q 0 0 0 rg BT 289.65 444.60 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 326.44 444.60 Td (total ) Tj ET Q q 0 0 0 rg BT 341.91 444.60 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 380.47 444.60 Td (return ) Tj ET Q q 0 0 0 rg BT 400.82 444.60 Td (of ) Tj ET Q q 0 0 0 rg BT 408.74 444.60 Td (the ) Tj ET Q q 0 0 0 rg BT 419.76 444.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 438.07 444.60 Td (A) Tj ET Q q 0 0 0 rg BT 443.40 444.60 Td ( ) Tj ET Q q 0 0 0 rg BT 444.65 444.60 Td (common ) Tj ET Q q 0 0 0 rg BT 473.90 444.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 492.03 444.60 Td (against ) Tj ET Q q 0 0 0 rg BT 515.94 444.60 Td (the ) Tj ET Q q 0 0 0 rg BT 526.97 444.60 Td (cumulative ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 435.00 Td (total ) Tj ET Q q 0 0 0 rg BT 66.00 435.00 Td (return ) Tj ET Q q 0 0 0 rg BT 87.39 435.00 Td (of ) Tj ET Q q 0 0 0 rg BT 96.34 435.00 Td (the ) Tj ET Q q 0 0 0 rg BT 108.40 435.00 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 144.02 435.00 Td (Composite ) Tj ET Q q 0 0 0 rg BT 180.98 435.00 Td (Index ) Tj ET Q q 0 0 0 rg BT 201.48 435.00 Td (and ) Tj ET Q q 0 0 0 rg BT 215.32 435.00 Td (the ) Tj ET Q q 0 0 0 rg BT 227.38 435.00 Td (Dow ) Tj ET Q q 0 0 0 rg BT 245.22 435.00 Td (Jones ) Tj ET Q q 0 0 0 rg BT 265.28 435.00 Td (Europe ) Tj ET Q q 0 0 0 rg BT 290.67 435.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 311.18 435.00 Td (Index ) Tj ET Q q 0 0 0 rg BT 331.68 435.00 Td (between ) Tj ET Q q 0 0 0 rg BT 360.62 435.00 Td (December ) Tj ET Q q 0 0 0 rg BT 395.77 435.00 Td (31, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.06 435.00 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.06 435.00 Td ( ) Tj ET Q q 0 0 0 rg BT 426.34 435.00 Td (and ) Tj ET Q q 0 0 0 rg BT 440.18 435.00 Td (December ) Tj ET Q q 0 0 0 rg BT 475.33 435.00 Td (31, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.62 435.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.62 435.00 Td (. ) Tj ET Q q 0 0 0 rg BT 507.74 435.00 Td (The ) Tj ET Q q 0 0 0 rg BT 522.46 435.00 Td (graph ) Tj ET Q q 0 0 0 rg BT 542.96 435.00 Td (below ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 425.40 Td (assumes ) Tj ET Q q 0 0 0 rg BT 78.64 425.40 Td (the ) Tj ET Q q 0 0 0 rg BT 90.88 425.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 128.46 425.40 Td (of ) Tj ET Q q 0 0 0 rg BT 137.60 425.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 154.30 425.40 Td (100 ) Tj ET Q q 0 0 0 rg BT 168.78 425.40 Td (on ) Tj ET Q q 0 0 0 rg BT 179.25 425.40 Td (December ) Tj ET Q q 0 0 0 rg BT 214.59 425.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 227.06 425.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 245.54 425.40 Td (in ) Tj ET Q q 0 0 0 rg BT 254.23 425.40 Td (our ) Tj ET Q q 0 0 0 rg BT 267.37 425.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 286.63 425.40 Td (A) Tj ET Q q 0 0 0 rg BT 291.97 425.40 Td ( ) Tj ET Q q 0 0 0 rg BT 294.44 425.40 Td (common ) Tj ET Q q 0 0 0 rg BT 324.91 425.40 Td (stock, ) Tj ET Q q 0 0 0 rg BT 346.27 425.40 Td (the ) Tj ET Q q 0 0 0 rg BT 358.52 425.40 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 394.33 425.40 Td (Composite ) Tj ET Q q 0 0 0 rg BT 431.47 425.40 Td (and ) Tj ET Q q 0 0 0 rg BT 445.50 425.40 Td (the ) Tj ET Q q 0 0 0 rg BT 457.74 425.40 Td (Dow ) Tj ET Q q 0 0 0 rg BT 475.77 425.40 Td (Jones ) Tj ET Q q 0 0 0 rg BT 496.02 425.40 Td (Europe ) Tj ET Q q 0 0 0 rg BT 521.60 425.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 542.29 425.40 Td (Index, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 415.80 Td (assuming ) Tj ET Q q 0 0 0 rg BT 81.72 415.80 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 116.83 415.80 Td (if ) Tj ET Q q 0 0 0 rg BT 123.72 415.80 Td (any) Tj ET Q q 0 0 0 rg BT 134.75 415.80 Td (, ) Tj ET Q q 0 0 0 rg BT 138.75 415.80 Td (are ) Tj ET Q q 0 0 0 rg BT 150.52 415.80 Td (reinvested.) Tj ET Q /GS0 gs q 512.00 0 0 305.00 50.00 105.80 cm /I21 Do Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 95.20 Td (V) Tj ET Q q 0 0 0 rg BT 54.39 95.20 Td (alue ) Tj ET Q q 0 0 0 rg BT 69.71 95.20 Td (of ) Tj ET Q q 0 0 0 rg BT 78.38 95.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 94.61 95.20 Td (100 ) Tj ET Q q 0 0 0 rg BT 108.61 95.20 Td (invested ) Tj ET Q q 0 0 0 rg BT 137.27 95.20 Td (at ) Tj ET Q q 0 0 0 rg BT 145.04 95.20 Td (December ) Tj ET Q q 0 0 0 rg BT 179.91 95.20 Td (31, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.91 95.20 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.91 95.20 Td ( ) Tj ET Q q 0 0 0 rg BT 209.91 95.20 Td (as ) Tj ET Q q 0 0 0 rg BT 218.57 95.20 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 227.23 95.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 274.10 95.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.10 95.20 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 84.70 412.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 84.70 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 58.70 412.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 58.70 100.00 -13.00 re f /GS0 gs BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 75.95 Td (Central European Media Enterprises Ltd.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.00 75.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 75.95 Td (72.40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 62.95 Td (NASDAQ Composite ) Tj ET Q q 0 0 0 rg BT 123.93 62.95 Td (T) Tj ET Q q 0 0 0 rg BT 128.47 62.95 Td (otal Return Index) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.00 62.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 62.95 Td (168.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 49.95 Td (Dow Jones Europe Stock Index) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.00 49.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 49.95 Td (86.82) Tj ET Q BT /F1 8.00 Tf ET endstream endobj 37 0 obj <>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (15) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 72.84 723.60 Td (6. ) Tj ET Q q 0 0 0 rg BT 94.50 723.60 Td (SELECTED ) Tj ET Q q 0 0 0 rg BT 139.18 723.60 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 184.08 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 186.08 723.60 Td (DA) Tj ET Q q 0 0 0 rg BT 197.04 723.60 Td (T) Tj ET Q q 0 0 0 rg BT 201.78 723.60 Td (A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.77 708.00 Td (selected ) Tj ET Q q 0 0 0 rg BT 93.37 708.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 136.63 708.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 167.45 708.00 Td (data ) Tj ET Q q 0 0 0 rg BT 183.60 708.00 Td (should ) Tj ET Q q 0 0 0 rg BT 207.77 708.00 Td (be ) Tj ET Q q 0 0 0 rg BT 218.15 708.00 Td (read ) Tj ET Q q 0 0 0 rg BT 234.75 708.00 Td (together ) Tj ET Q q 0 0 0 rg BT 263.79 708.00 Td (with ) Tj ET Q q 0 0 0 rg BT 280.84 708.00 Td (our ) Tj ET Q q 0 0 0 rg BT 294.34 708.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 337.60 708.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 368.42 708.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 405.02 708.00 Td (and ) Tj ET Q q 0 0 0 rg BT 419.40 708.00 Td (related ) Tj ET Q q 0 0 0 rg BT 443.99 708.00 Td (notes ) Tj ET Q q 0 0 0 rg BT 463.71 708.00 Td (included ) Tj ET Q q 0 0 0 rg BT 494.09 708.00 Td (in ) Tj ET Q q 0 0 0 rg BT 503.14 708.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 520.63 708.00 Td (8, ) Tj ET Q q 0 0 0 rg BT 529.46 708.00 Td ("Financial ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.40 Td (Statements ) Tj ET Q q 0 0 0 rg BT 86.61 698.40 Td (and ) Tj ET Q q 0 0 0 rg BT 100.16 698.40 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 150.59 698.40 Td (Data" ) Tj ET Q q 0 0 0 rg BT 170.96 698.40 Td (of ) Tj ET Q q 0 0 0 rg BT 179.62 698.40 Td (this ) Tj ET Q q 0 0 0 rg BT 192.74 698.40 Td (Annual ) Tj ET Q q 0 0 0 rg BT 218.29 698.40 Td (Report ) Tj ET Q q 0 0 0 rg BT 242.06 698.40 Td (on ) Tj ET Q q 0 0 0 rg BT 252.06 698.40 Td (Form ) Tj ET Q q 0 0 0 rg BT 271.40 698.40 Td (10-K.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 682.80 Td (The ) Tj ET Q q 0 0 0 rg BT 64.83 682.80 Td (following ) Tj ET Q q 0 0 0 rg BT 98.83 682.80 Td (tables ) Tj ET Q q 0 0 0 rg BT 120.38 682.80 Td (set ) Tj ET Q q 0 0 0 rg BT 132.16 682.80 Td (forth ) Tj ET Q q 0 0 0 rg BT 150.61 682.80 Td (the ) Tj ET Q q 0 0 0 rg BT 163.27 682.80 Td (selected ) Tj ET Q q 0 0 0 rg BT 191.93 682.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 235.25 682.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 266.13 682.80 Td (data ) Tj ET Q q 0 0 0 rg BT 282.35 682.80 Td (for ) Tj ET Q q 0 0 0 rg BT 294.57 682.80 Td (each ) Tj ET Q q 0 0 0 rg BT 312.11 682.80 Td (of ) Tj ET Q q 0 0 0 rg BT 321.67 682.80 Td (the ) Tj ET Q q 0 0 0 rg BT 334.34 682.80 Td (years ) Tj ET Q q 0 0 0 rg BT 354.11 682.80 Td (in ) Tj ET Q q 0 0 0 rg BT 363.22 682.80 Td (the ) Tj ET Q q 0 0 0 rg BT 375.89 682.80 Td (five-year ) Tj ET Q q 0 0 0 rg BT 407.65 682.80 Td (period ) Tj ET Q q 0 0 0 rg BT 430.98 682.80 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.97 682.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 500.73 682.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.73 682.80 Td (. ) Tj ET Q q 0 0 0 rg BT 521.42 682.80 Td (The ) Tj ET Q q 0 0 0 rg BT 536.75 682.80 Td (selected ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 673.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 91.41 673.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 120.86 673.20 Td (data ) Tj ET Q q 0 0 0 rg BT 135.66 673.20 Td (is ) Tj ET Q q 0 0 0 rg BT 142.46 673.20 Td (qualified ) Tj ET Q q 0 0 0 rg BT 172.37 673.20 Td (in ) Tj ET Q q 0 0 0 rg BT 180.06 673.20 Td (its ) Tj ET Q q 0 0 0 rg BT 189.09 673.20 Td (entirety ) Tj ET Q q 0 0 0 rg BT 215.00 673.20 Td (and ) Tj ET Q q 0 0 0 rg BT 228.02 673.20 Td (should ) Tj ET Q q 0 0 0 rg BT 250.83 673.20 Td (be ) Tj ET Q q 0 0 0 rg BT 259.85 673.20 Td (read ) Tj ET Q q 0 0 0 rg BT 275.09 673.20 Td (in ) Tj ET Q q 0 0 0 rg BT 282.78 673.20 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 322.03 673.20 Td (with ) 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(2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.17 634.80 Td ( ) Tj ET Q q 0 0 0 rg BT 323.49 634.80 Td (and ) Tj ET Q q 0 0 0 rg BT 337.37 634.80 Td (the ) Tj ET Q q 0 0 0 rg BT 349.46 634.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 376.21 634.80 Td (sheet ) Tj ET Q q 0 0 0 rg BT 394.97 634.80 Td (data ) Tj ET Q q 0 0 0 rg BT 410.62 634.80 Td (as ) Tj ET Q q 0 0 0 rg BT 419.61 634.80 Td (of ) Tj ET Q q 0 0 0 rg BT 428.60 634.80 Td (December ) Tj ET Q q 0 0 0 rg BT 463.79 634.80 Td (31, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.11 634.80 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.11 634.80 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.43 634.80 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.43 634.80 Td ( ) Tj ET Q q 0 0 0 rg BT 514.76 634.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.63 634.80 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.63 634.80 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 634.80 Td (were ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 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Q q 0 0 0 rg BT 484.19 625.20 Td (all ) Tj ET Q q 0 0 0 rg BT 494.01 625.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 519.38 625.20 Td (presented ) Tj ET Q q 0 0 0 rg BT 551.85 625.20 Td (has ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 615.60 Td (been ) Tj ET Q q 0 0 0 rg BT 66.90 615.60 Td (recast ) Tj ET Q q 0 0 0 rg BT 87.86 615.60 Td (to ) Tj ET Q q 0 0 0 rg BT 96.38 615.60 Td (present ) Tj ET Q q 0 0 0 rg BT 121.79 615.60 Td (our ) Tj ET Q q 0 0 0 rg BT 134.76 615.60 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 169.05 615.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 204.68 615.60 Td (as ) Tj ET Q q 0 0 0 rg BT 213.65 615.60 Td (held ) Tj ET Q q 0 0 0 rg BT 229.72 615.60 Td (and ) Tj ET Q q 0 0 0 rg BT 243.58 615.60 Td (used ) Tj ET Q q 0 0 0 rg BT 260.54 615.60 Td (and ) Tj ET Q q 0 0 0 rg BT 274.40 615.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 310.92 615.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 346.55 615.60 Td (\(see ) Tj ET Q q 0 0 0 rg BT 361.73 615.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 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1 rg /GS0 gs 419.00 165.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 165.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 165.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 165.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 165.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 139.50 272.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 139.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 139.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 139.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 139.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 139.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 139.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 139.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 139.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 139.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 113.50 272.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 113.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 113.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 113.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 113.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 113.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 113.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 113.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 113.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 113.50 45.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321 563.5 m 366 563.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366 563.5 m 370 563.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 563.5 m 415 563.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415 563.5 m 419 563.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 563.5 m 464 563.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464 563.5 m 468 563.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 563.5 m 513 563.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 563.5 m 517 563.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 563.5 m 562 563.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321 550.5 m 366 550.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 563.5 m 415 563.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 550.5 m 415 550.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 550.5 m 464 550.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 550.5 m 513 550.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 550.5 m 562 550.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 477.5 m 464 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 477.5 m 513 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 477.5 m 562 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 477.5 m 366 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 465.5 m 366 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 463.5 m 366 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 477.5 m 415 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 465.5 m 415 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 463.5 m 415 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 477.5 m 464 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 465.5 m 464 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 463.5 m 464 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 477.5 m 513 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 465.5 m 513 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 463.5 m 513 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 477.5 m 562 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 465.5 m 562 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 463.5 m 562 463.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321 269.5 m 366 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366 269.5 m 370 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 269.5 m 415 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415 269.5 m 419 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 269.5 m 464 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464 269.5 m 468 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 269.5 m 513 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 269.5 m 517 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 269.5 m 562 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321 269.5 m 366 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321 256.5 m 366 256.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366 269.5 m 370 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 269.5 m 415 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 256.5 m 415 256.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415 269.5 m 419 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 269.5 m 464 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 256.5 m 464 256.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464 269.5 m 468 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 269.5 m 513 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 256.5 m 513 256.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 269.5 m 517 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 269.5 m 562 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 256.5 m 562 256.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 204.5 m 366 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 204.5 m 415 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 204.5 m 464 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 204.5 m 513 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 204.5 m 562 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 204.5 m 366 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 192.5 m 366 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 190.5 m 366 190.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 204.5 m 415 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 192.5 m 415 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 190.5 m 415 190.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 204.5 m 464 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 192.5 m 464 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 190.5 m 464 190.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 204.5 m 513 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 192.5 m 513 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 190.5 m 513 190.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 204.5 m 562 204.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 192.5 m 562 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 190.5 m 562 190.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 113.5 m 464 113.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 113.5 m 513 113.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 113.5 m 562 113.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 113.5 m 366 113.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 101.5 m 366 101.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 99.5 m 366 99.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 113.5 m 415 113.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 101.5 m 415 101.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 99.5 m 415 99.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 113.5 m 464 113.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 101.5 m 464 101.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 99.5 m 464 99.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 113.5 m 513 113.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 101.5 m 513 101.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 99.5 m 513 99.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 113.5 m 562 113.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 101.5 m 562 101.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 99.5 m 562 99.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.10 580.73 Td (For) Tj ET Q q 0 0 0 rg BT 394.47 580.73 Td ( ) Tj ET Q q 0 0 0 rg BT 396.32 580.73 Td (The ) Tj ET Q q 0 0 0 rg BT 411.44 580.73 Td (Y) Tj ET Q q 0 0 0 rg BT 416.62 580.73 Td (ear) Tj ET Q q 0 0 0 rg BT 427.21 580.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 487.94 580.73 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.15 567.73 Td (\(US$ 000's, except per) Tj ET Q q 0 0 0 rg BT 458.62 567.73 Td ( shar) Tj ET Q q 0 0 0 rg BT 475.59 567.73 Td (e data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.50 554.73 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.50 554.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 554.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.50 554.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 554.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 541.73 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 99.66 541.73 Td (TED ST) Tj ET Q q 0 0 0 rg BT 127.30 541.73 Td (A) Tj ET Q q 0 0 0 rg BT 132.48 541.73 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 184.27 541.73 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 213.82 541.73 Td (TIONS ) Tj ET Q q 0 0 0 rg BT 240.20 541.73 Td (AND) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 533.73 Td (COMPREHENSIVE INCOME / LOSS DA) Tj ET Q q 0 0 0 rg BT 198.78 533.73 Td (T) Tj ET Q q 0 0 0 rg BT 203.52 533.73 Td (A:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 520.75 Td (Net revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 520.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.75 520.75 Td (703,906) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.50 520.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.75 520.75 Td (642,868) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.50 520.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 520.75 Td (583,006) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.50 520.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.75 520.75 Td (550,337) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.50 520.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.75 520.75 Td (618,605) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 507.75 Td (Operating income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.75 507.75 Td (177,587) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.75 507.75 Td (139,914) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 507.75 Td (105,748) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.75 507.75 Td (89,645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.75 507.75 Td (32,950) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 494.75 Td (Income / \(loss\) from continuing operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.75 494.75 Td (97,065) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.75 494.75 Td (51,063) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.10 494.75 Td (\(179,679) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.80 494.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.10 494.75 Td (\(83,501) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.80 494.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 494.75 Td (\(152,171) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 494.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 481.75 Td (Income / \(loss\) from discontinued operations, net of tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.75 481.75 Td (60,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.10 481.75 Td (\(1,636) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.80 481.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.10 481.75 Td (\(918) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.80 481.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.10 481.75 Td (\(32,071) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.80 481.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 481.75 Td (\(79,722) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 481.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 468.73 Td (Net income / \(loss\) attributable to CME Ltd.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.50 468.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.75 468.73 Td (157,692) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.50 468.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.75 468.73 Td (49,768) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.50 468.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.10 468.73 Td (\(180,291) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.80 468.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.50 468.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.10 468.73 Td (\(1) Tj ET Q q 0 0 0 rg BT 487.76 468.73 Td (14,901) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.80 468.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.50 468.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 468.73 Td (\(227,428) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 468.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 448.73 Td (PER SHARE DA) Tj ET Q q 0 0 0 rg BT 110.32 448.73 Td (T) Tj ET Q q 0 0 0 rg BT 115.06 448.73 Td (A:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 435.75 Td (Net income / \(loss\) per common share from:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 422.75 Td (Continuing operations basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 422.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.75 422.75 Td (0.27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.50 422.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.75 422.75 Td (0.16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.50 422.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.10 422.75 Td (\(1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.80 422.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.50 422.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.10 422.75 Td (\(0.68) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.80 422.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.50 422.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.10 422.75 Td (\(1.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 422.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 409.75 Td (Continuing operations diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.75 409.75 Td (0.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.75 409.75 Td (0.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.10 409.75 Td (\(1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.80 409.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.10 409.75 Td (\(0.68) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.80 409.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.10 409.75 Td (\(1.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 409.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 396.75 Td (Discontinued operations basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.75 396.75 Td (0.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.10 396.75 Td (\(0.01) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.80 396.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.75 396.75 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.10 396.75 Td (\(0.22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.80 396.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.10 396.75 Td (\(0.54) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 396.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 383.75 Td (Discontinued operations diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.75 383.75 Td (0.17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.75 383.75 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.75 383.75 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.10 383.75 Td (\(0.22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.80 383.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.10 383.75 Td (\(0.54) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 383.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 370.75 Td (Attributable to CME Ltd. basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.75 370.75 Td (0.45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.75 370.75 Td (0.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.10 370.75 Td (\(1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.80 370.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.10 370.75 Td (\(0.90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.80 370.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.10 370.75 Td (\(1.66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 370.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 357.75 Td (Attributable to CME Ltd. diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 357.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.75 357.75 Td (0.42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.50 357.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.75 357.75 Td (0.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.50 357.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.10 357.75 Td (\(1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.80 357.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.50 357.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.10 357.75 Td (\(0.90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.80 357.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.50 357.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.10 357.75 Td (\(1.66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 357.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 331.75 Td (W) Tj ET Q q 0 0 0 rg BT 58.73 331.75 Td (eighted average common shares used in computing per share amounts \(000) Tj ET Q q 0 0 0 rg BT 301.23 331.75 Td (s\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 318.75 Td (Basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.75 318.75 Td (230,562) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.75 318.75 Td (155,846) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 318.75 Td (151,017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.75 318.75 Td (146,866) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.75 318.75 Td (146,509) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 305.75 Td (Diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.75 305.75 Td (257,694) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.75 305.75 Td (236,404) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 305.75 Td (151,017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.75 305.75 Td (146,866) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.75 305.75 Td (146,509) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.95 286.73 Td (As at December) Tj ET Q q 0 0 0 rg BT 462.08 286.73 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.55 273.73 Td (\(US$ 000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.50 260.73 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.50 260.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 260.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.50 260.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 260.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 247.73 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 99.66 247.73 Td (TED BALANCE SHEET) Tj ET Q q 0 0 0 rg BT 185.53 247.73 Td ( DA) Tj ET Q q 0 0 0 rg BT 198.72 247.73 Td (T) Tj ET Q q 0 0 0 rg BT 203.46 247.73 Td (A:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 234.75 Td (Cash and cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 234.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.75 234.75 Td (62,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.50 234.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.75 234.75 Td (58,748) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.50 234.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 234.75 Td (40,954) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.50 234.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.75 234.75 Td (59,441) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.50 234.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.75 234.75 Td (31,109) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 221.75 Td (Other current assets ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 117.03 225.38 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.75 221.75 Td (312,062) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.75 221.75 Td (362,491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 221.75 Td (299,466) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.75 221.75 Td (298,843) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.75 221.75 Td (343,519) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 208.75 Td (Non-current assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.75 208.75 Td (1,1) Tj ET Q q 0 0 0 rg BT 340.75 208.75 Td (14,268) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.75 208.75 Td (1,206,816) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.75 208.75 Td (1,050,297) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.75 208.75 Td (1,082,133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.75 208.75 Td (1,230,200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 195.73 Td (T) Tj ET Q q 0 0 0 rg BT 56.47 195.73 Td (otal assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.50 195.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.75 195.73 Td (1,488,361) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.50 195.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.75 195.73 Td (1,628,055) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.50 195.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.75 195.73 Td (1,390,717) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.50 195.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 195.73 Td (1,440,417) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.50 195.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 195.73 Td (1,604,828) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 169.75 Td (Current liabilities ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 109.71 173.38 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 169.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.75 169.75 Td (139,692) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.50 169.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.75 169.75 Td (186,946) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.50 169.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 169.75 Td (171,564) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.50 169.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.75 169.75 Td (146,308) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.50 169.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.75 169.75 Td (450,286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 156.75 Td (Non-current liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.75 156.75 Td (849,978) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.75 156.75 Td (1,182,286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.75 156.75 Td (1,070,786) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.75 156.75 Td (974,270) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.75 156.75 Td (653,434) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 143.75 Td (T) Tj ET Q q 0 0 0 rg BT 56.11 143.75 Td (emporary equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.75 143.75 Td (269,370) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.75 143.75 Td (264,593) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 143.75 Td (254,899) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.75 143.75 Td (241,198) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.75 143.75 Td (223,926) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 130.75 Td (CME Ltd. shareholders' equity / \(deficit\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.75 130.75 Td (229,020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.10 130.75 Td (\(5,788) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.80 130.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.10 130.75 Td (\(107,804) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.80 130.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.75 130.75 Td (77,260) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.75 130.75 Td (279,794) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 117.75 Td (Noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.80 117.75 Td (301) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.80 117.75 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.75 117.75 Td (1,272) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.75 117.75 Td (1,381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 117.75 Td (\(2,612) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 117.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 104.73 Td (T) Tj ET Q q 0 0 0 rg BT 56.10 104.73 Td (otal liabilities and equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.50 104.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.75 104.73 Td (1,488,361) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.50 104.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.75 104.73 Td (1,628,055) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.50 104.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.75 104.73 Td (1,390,717) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.50 104.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 104.73 Td (1,440,417) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.50 104.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 104.73 Td (1,604,828) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 89.02 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.56 85.40 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 85.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 87.37 85.40 Td (current ) Tj ET Q q 0 0 0 rg BT 111.68 85.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 132.00 85.40 Td (and ) Tj ET Q q 0 0 0 rg BT 145.21 85.40 Td (current ) Tj ET Q q 0 0 0 rg BT 169.52 85.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 200.95 85.40 Td (as ) Tj ET Q q 0 0 0 rg BT 209.27 85.40 Td (at ) Tj ET Q q 0 0 0 rg BT 216.70 85.40 Td (December ) Tj ET Q q 0 0 0 rg BT 251.22 85.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 262.88 85.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 280.53 85.40 Td (and ) Tj ET Q q 0 0 0 rg BT 293.74 85.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 311.39 85.40 Td (include ) Tj ET Q q 0 0 0 rg BT 336.60 85.40 Td (total ) Tj ET Q q 0 0 0 rg BT 352.47 85.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 372.79 85.40 Td (held ) Tj ET Q q 0 0 0 rg BT 388.22 85.40 Td (for ) Tj ET Q q 0 0 0 rg BT 399.21 85.40 Td (sale ) Tj ET Q q 0 0 0 rg BT 413.30 85.40 Td (and ) Tj ET Q q 0 0 0 rg BT 426.51 85.40 Td (total ) Tj ET Q q 0 0 0 rg BT 442.38 85.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 473.81 85.40 Td (held ) Tj ET Q q 0 0 0 rg BT 489.24 85.40 Td (for ) Tj ET Q q 0 0 0 rg BT 500.23 85.40 Td (sale ) Tj ET Q q 0 0 0 rg BT 514.32 85.40 Td (of ) Tj ET Q q 0 0 0 rg BT 522.64 85.40 Td (our ) Tj ET Q q 0 0 0 rg BT 534.96 85.40 Td (Croatian ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 75.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 102.82 75.80 Td (and ) Tj ET Q q 0 0 0 rg BT 116.38 75.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 140.14 75.80 Td (non-core ) Tj ET Q q 0 0 0 rg BT 170.57 75.80 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 205.45 75.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 242.77 75.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 280.90 75.80 Td (.) Tj ET Q endstream endobj 39 0 obj <><>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (16) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 72.84 723.60 Td (7. ) Tj ET Q q 0 0 0 rg BT 85.50 723.60 Td (MANAGEMENT'S ) Tj ET Q q 0 0 0 rg BT 154.61 723.60 Td (DISCUSSION ) Tj ET Q q 0 0 0 rg BT 205.08 723.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 223.97 723.60 Td (ANAL) Tj ET Q q 0 0 0 rg BT 245.90 723.60 Td (YSIS ) Tj ET Q q 0 0 0 rg BT 265.69 723.60 Td (OF) Tj ET Q q 0 0 0 rg BT 276.50 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 278.50 723.60 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 323.40 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 325.40 723.60 Td (CONDITION ) Tj ET Q q 0 0 0 rg BT 374.07 723.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 393.41 723.60 Td (RESUL) Tj ET Q q 0 0 0 rg BT 419.35 723.60 Td (TS ) Tj ET Q q 0 0 0 rg BT 431.13 723.60 Td (OF) Tj ET Q q 0 0 0 rg BT 441.95 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 443.95 723.60 Td (OPERA) Tj ET Q q 0 0 0 rg BT 471.35 723.60 Td (TIONS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (Please ) Tj ET Q q 0 0 0 rg BT 71.94 708.00 Td (refer ) Tj ET Q q 0 0 0 rg BT 89.03 708.00 Td (to ) Tj ET Q q 0 0 0 rg BT 97.25 708.00 Td (page ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 114.35546875 706.93359375 m 118.35546875 706.93359375 l s q 0 0 1 rg BT 114.36 708.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 118.36 708.00 Td ( ) Tj ET Q q 0 0 0 rg BT 120.36 708.00 Td (of ) Tj ET Q q 0 0 0 rg BT 129.02 708.00 Td (this ) Tj ET Q q 0 0 0 rg BT 142.14 708.00 Td (Annual ) Tj ET Q q 0 0 0 rg BT 167.69 708.00 Td (Report ) Tj ET Q q 0 0 0 rg BT 191.46 708.00 Td (on ) Tj ET Q q 0 0 0 rg BT 201.46 708.00 Td (Form ) Tj ET Q q 0 0 0 rg BT 220.80 708.00 Td (10-K ) Tj ET Q q 0 0 0 rg BT 239.24 708.00 Td (for ) Tj ET Q q 0 0 0 rg BT 250.57 708.00 Td (a ) Tj ET Q q 0 0 0 rg BT 256.12 708.00 Td (list ) Tj ET Q q 0 0 0 rg BT 267.90 708.00 Td (of ) Tj ET Q q 0 0 0 rg BT 276.56 708.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 302.55 708.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 322.32 708.00 Td (used ) Tj ET Q q 0 0 0 rg BT 338.99 708.00 Td (herein.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 692.40 Td (The ) Tj ET Q q 0 0 0 rg BT 63.76 692.40 Td (following ) Tj ET Q q 0 0 0 rg BT 96.70 692.40 Td (discussion ) Tj ET Q q 0 0 0 rg BT 131.86 692.40 Td (and ) Tj ET Q q 0 0 0 rg BT 145.24 692.40 Td (analysis ) Tj ET Q q 0 0 0 rg BT 172.84 692.40 Td (should ) Tj ET Q q 0 0 0 rg BT 196.00 692.40 Td (be ) Tj ET Q q 0 0 0 rg BT 205.38 692.40 Td (read ) Tj ET Q q 0 0 0 rg BT 220.97 692.40 Td (in ) Tj ET Q q 0 0 0 rg BT 229.02 692.40 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 268.61 692.40 Td (with ) Tj ET Q q 0 0 0 rg BT 284.66 692.40 Td (the ) Tj ET Q q 0 0 0 rg BT 296.26 692.40 Td (other ) Tj ET Q q 0 0 0 rg BT 314.53 692.40 Td (sections ) Tj ET Q q 0 0 0 rg BT 342.13 692.40 Td (in ) Tj ET Q q 0 0 0 rg BT 350.17 692.40 Td (this ) Tj ET Q q 0 0 0 rg BT 363.16 692.40 Td (Annual ) Tj ET Q q 0 0 0 rg BT 388.53 692.40 Td (Report, ) Tj ET Q q 0 0 0 rg BT 414.13 692.40 Td (including ) Tj ET Q q 0 0 0 rg BT 446.18 692.40 Td (Part ) Tj ET Q q 0 0 0 rg BT 460.89 692.40 Td (I, ) Tj ET Q q 0 0 0 rg BT 467.38 692.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 483.87 692.40 Td (1. ) Tj ET Q q 0 0 0 rg BT 491.69 692.40 Td (Business, ) Tj ET Q q 0 0 0 rg BT 523.97 692.40 Td (Part ) Tj ET Q q 0 0 0 rg BT 538.68 692.40 Td (II, ) Tj ET Q q 0 0 0 rg BT 547.84 692.40 Td (Item ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 682.80 Td (6. ) Tj ET Q q 0 0 0 rg BT 57.28 682.80 Td (Selected ) Tj ET Q q 0 0 0 rg BT 86.15 682.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 117.70 682.80 Td (Data, ) Tj ET Q q 0 0 0 rg BT 136.57 682.80 Td (and ) Tj ET Q q 0 0 0 rg BT 149.90 682.80 Td (Part ) Tj ET Q q 0 0 0 rg BT 164.56 682.80 Td (II, ) Tj ET Q q 0 0 0 rg BT 173.67 682.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 190.11 682.80 Td (8. ) Tj ET Q q 0 0 0 rg BT 197.88 682.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 229.43 682.80 Td (Statements ) Tj ET Q q 0 0 0 rg BT 266.31 682.80 Td (and ) Tj ET Q q 0 0 0 rg BT 279.64 682.80 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 329.85 682.80 Td (Data. ) Tj ET Q q 0 0 0 rg BT 348.60 682.80 Td (The ) Tj ET Q q 0 0 0 rg BT 362.81 682.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 394.79 682.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 411.67 682.80 Td (used ) Tj ET Q q 0 0 0 rg BT 428.11 682.80 Td (in ) Tj ET Q q 0 0 0 rg BT 436.11 682.80 Td (this ) Tj ET Q q 0 0 0 rg BT 449.44 682.80 Td (report ) Tj ET Q q 0 0 0 rg BT 470.32 682.80 Td (are ) Tj ET Q q 0 0 0 rg BT 481.86 682.80 Td (as ) Tj ET Q q 0 0 0 rg BT 490.30 682.80 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.85 682.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 544.50 682.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 560.50 682.80 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 673.20 Td (unless ) Tj ET Q q 0 0 0 rg BT 71.50 673.20 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 104.60 673.20 Td (indicated.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 651.60 Td (I. ) Tj ET Q q 0 0 0 rg BT 76.50 651.60 Td (Overview) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 636.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.82 636.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 99.02 636.00 Td (comprise ) Tj ET Q q 0 0 0 rg BT 130.22 636.00 Td (a ) Tj ET Q q 0 0 0 rg BT 135.64 636.00 Td (unique ) Tj ET Q q 0 0 0 rg BT 159.29 636.00 Td (collection ) Tj ET Q q 0 0 0 rg BT 192.71 636.00 Td (of ) Tj ET Q q 0 0 0 rg BT 201.25 636.00 Td (television ) Tj ET Q q 0 0 0 rg BT 234.23 636.00 Td (networks ) Tj ET Q q 0 0 0 rg BT 265.44 636.00 Td (across ) Tj ET Q q 0 0 0 rg BT 287.31 636.00 Td (Central ) Tj ET Q q 0 0 0 rg BT 312.73 636.00 Td (and ) Tj ET Q q 0 0 0 rg BT 326.16 636.00 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 352.02 636.00 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 379.00 636.00 Td (each ) Tj ET Q q 0 0 0 rg BT 395.53 636.00 Td (of ) Tj ET Q q 0 0 0 rg BT 404.07 636.00 Td (which ) Tj ET Q q 0 0 0 rg BT 425.49 636.00 Td (enjoys ) Tj ET Q q 0 0 0 rg BT 448.26 636.00 Td (a ) Tj ET Q q 0 0 0 rg BT 453.68 636.00 Td (strong ) Tj ET Q q 0 0 0 rg BT 475.56 636.00 Td (competitive ) Tj ET Q q 0 0 0 rg BT 515.20 636.00 Td (position ) Tj ET Q q 0 0 0 rg BT 542.86 636.00 Td (due ) Tj ET Q q 0 0 0 rg BT 556.28 636.00 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 626.40 Td (audience ) Tj ET Q q 0 0 0 rg BT 79.25 626.40 Td (share ) Tj ET Q q 0 0 0 rg BT 97.44 626.40 Td (leadership, ) Tj ET Q q 0 0 0 rg BT 133.64 626.40 Td (brand ) Tj ET Q q 0 0 0 rg BT 153.17 626.40 Td (strength, ) Tj ET Q q 0 0 0 rg BT 182.26 626.40 Td (popular ) Tj ET Q q 0 0 0 rg BT 208.02 626.40 Td (local ) Tj ET Q q 0 0 0 rg BT 224.89 626.40 Td (content, ) Tj ET Q q 0 0 0 rg BT 251.75 626.40 Td (and ) Tj ET Q q 0 0 0 rg BT 264.62 626.40 Td (the ) Tj ET Q q 0 0 0 rg BT 275.72 626.40 Td (depth ) Tj ET Q q 0 0 0 rg BT 294.81 626.40 Td (and ) Tj ET Q q 0 0 0 rg BT 307.68 626.40 Td (experience ) Tj ET Q q 0 0 0 rg BT 343.64 626.40 Td (of ) Tj ET Q q 0 0 0 rg BT 351.62 626.40 Td (country ) Tj ET Q q 0 0 0 rg BT 377.38 626.40 Td (management. ) Tj ET Q q 0 0 0 rg BT 421.48 626.40 Td (The ) Tj ET Q q 0 0 0 rg BT 435.23 626.40 Td (reach ) Tj ET Q q 0 0 0 rg BT 453.87 626.40 Td (and ) Tj ET Q q 0 0 0 rg BT 466.74 626.40 Td (af) Tj ET Q q 0 0 0 rg BT 472.81 626.40 Td (finity ) Tj ET Q q 0 0 0 rg BT 491.46 626.40 Td (we ) Tj ET Q q 0 0 0 rg BT 502.11 626.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 527.86 626.40 Td (advertisers ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 616.80 Td (supports ) Tj ET Q q 0 0 0 rg BT 78.38 616.80 Td (our ) Tj ET Q q 0 0 0 rg BT 90.80 616.80 Td (model ) Tj ET Q q 0 0 0 rg BT 112.56 616.80 Td (of ) Tj ET Q q 0 0 0 rg BT 120.98 616.80 Td (pricing ) Tj ET Q q 0 0 0 rg BT 145.41 616.80 Td (inventory ) Tj ET Q q 0 0 0 rg BT 177.83 616.80 Td (at ) Tj ET Q q 0 0 0 rg BT 185.36 616.80 Td (a ) Tj ET Q q 0 0 0 rg BT 190.68 616.80 Td (premium ) Tj ET Q q 0 0 0 rg BT 221.32 616.80 Td (to ) Tj ET Q q 0 0 0 rg BT 229.30 616.80 Td (our ) Tj ET Q q 0 0 0 rg BT 241.73 616.80 Td (competition, ) Tj ET Q q 0 0 0 rg BT 283.71 616.80 Td (and ) Tj ET Q q 0 0 0 rg BT 297.02 616.80 Td (we ) Tj ET Q q 0 0 0 rg BT 308.11 616.80 Td (seek ) Tj ET Q q 0 0 0 rg BT 324.09 616.80 Td (to ) Tj ET Q q 0 0 0 rg BT 332.07 616.80 Td (maximize ) Tj ET Q q 0 0 0 rg BT 365.38 616.80 Td (our ) Tj ET Q q 0 0 0 rg BT 377.80 616.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 407.99 616.80 Td (in ) Tj ET Q q 0 0 0 rg BT 415.98 616.80 Td (order ) Tj ET Q q 0 0 0 rg BT 434.62 616.80 Td (to ) Tj ET Q q 0 0 0 rg BT 442.60 616.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 468.80 616.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 502.55 616.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 532.30 616.80 Td (resources ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 607.20 Td (to ) Tj ET Q q 0 0 0 rg BT 57.96 607.20 Td (invest ) Tj ET Q q 0 0 0 rg BT 79.31 607.20 Td (in ) Tj ET Q q 0 0 0 rg BT 87.77 607.20 Td (original ) Tj ET Q q 0 0 0 rg BT 114.89 607.20 Td (local ) Tj ET Q q 0 0 0 rg BT 132.68 607.20 Td (content. ) Tj ET Q q 0 0 0 rg BT 160.31 607.20 Td (W) Tj ET Q q 0 0 0 rg BT 167.22 607.20 Td (e ) Tj ET Q q 0 0 0 rg BT 173.01 607.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 198.34 607.20 Td (these ) Tj ET Q q 0 0 0 rg BT 217.02 607.20 Td (competitive ) Tj ET Q q 0 0 0 rg BT 257.02 607.20 Td (advantages ) Tj ET Q q 0 0 0 rg BT 294.80 607.20 Td (position ) Tj ET Q q 0 0 0 rg BT 322.82 607.20 Td (us ) Tj ET Q q 0 0 0 rg BT 332.18 607.20 Td (to ) Tj ET Q q 0 0 0 rg BT 340.64 607.20 Td (benefit ) Tj ET Q q 0 0 0 rg BT 365.09 607.20 Td (if ) Tj ET Q q 0 0 0 rg BT 372.21 607.20 Td (forecast ) Tj ET Q q 0 0 0 rg BT 399.77 607.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 433.11 607.20 Td (growth ) Tj ET Q q 0 0 0 rg BT 458.01 607.20 Td (leads ) Tj ET Q q 0 0 0 rg BT 476.69 607.20 Td (to ) Tj ET Q q 0 0 0 rg BT 485.15 607.20 Td (continued ) Tj ET Q q 0 0 0 rg BT 518.93 607.20 Td (growth ) Tj ET Q q 0 0 0 rg BT 543.84 607.20 Td (of ) Tj ET Q q 0 0 0 rg BT 552.74 607.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 597.60 Td (television ) Tj ET Q q 0 0 0 rg BT 82.61 597.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 120.15 597.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 147.48 597.60 Td (in ) Tj ET Q q 0 0 0 rg BT 155.70 597.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.47 597.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 198.80 597.60 Td (in ) Tj ET Q q 0 0 0 rg BT 207.02 597.60 Td (which ) Tj ET Q q 0 0 0 rg BT 228.57 597.60 Td (we ) Tj ET Q q 0 0 0 rg BT 239.90 597.60 Td (operate.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 582.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 582.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.03 582.00 Td (are ) Tj ET Q q 0 0 0 rg BT 73.87 582.00 Td (focused ) Tj ET Q q 0 0 0 rg BT 100.81 582.00 Td (on ) Tj ET Q q 0 0 0 rg BT 110.88 582.00 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 145.83 582.00 Td (the ) Tj ET Q q 0 0 0 rg BT 157.67 582.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 200.16 582.00 Td (of ) Tj ET Q q 0 0 0 rg BT 208.89 582.00 Td (our ) Tj ET Q q 0 0 0 rg BT 221.62 582.00 Td (television ) Tj ET Q q 0 0 0 rg BT 254.80 582.00 Td (networks ) Tj ET Q q 0 0 0 rg BT 286.20 582.00 Td (in ) Tj ET Q q 0 0 0 rg BT 294.49 582.00 Td (each ) Tj ET Q q 0 0 0 rg BT 311.21 582.00 Td (country) Tj ET Q q 0 0 0 rg BT 335.13 582.00 Td (, ) Tj ET Q q 0 0 0 rg BT 339.20 582.00 Td (which ) Tj ET Q q 0 0 0 rg BT 360.82 582.00 Td (we ) Tj ET Q q 0 0 0 rg BT 372.21 582.00 Td (expect ) Tj ET Q q 0 0 0 rg BT 395.16 582.00 Td (will ) Tj ET Q q 0 0 0 rg BT 409.67 582.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 439.29 582.00 Td (improving ) Tj ET Q q 0 0 0 rg BT 474.69 582.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 506.97 582.00 Td (mar) Tj ET Q q 0 0 0 rg BT 519.26 582.00 Td (gins ) Tj ET Q q 0 0 0 rg BT 534.67 582.00 Td (and ) Tj ET Q q 0 0 0 rg BT 548.29 582.00 Td (cash ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 572.40 Td (generation ) Tj ET Q q 0 0 0 rg BT 85.26 572.40 Td (over ) Tj ET Q q 0 0 0 rg BT 101.48 572.40 Td (the ) Tj ET Q q 0 0 0 rg BT 113.25 572.40 Td (short- ) Tj ET Q q 0 0 0 rg BT 133.91 572.40 Td (and ) Tj ET Q q 0 0 0 rg BT 147.46 572.40 Td (medium-term. ) Tj ET Q q 0 0 0 rg BT 195.01 572.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 209.45 572.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 241.66 572.40 Td (and ) Tj ET Q q 0 0 0 rg BT 255.21 572.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 285.20 572.40 Td (priorities ) Tj ET Q q 0 0 0 rg BT 316.08 572.40 Td (are ) Tj ET Q q 0 0 0 rg BT 327.84 572.40 Td (as ) Tj ET Q q 0 0 0 rg BT 336.51 572.40 Td (follows:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 559.80 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 559.80 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 120.78 559.80 Td (content ) Tj ET Q q 0 0 0 rg BT 145.85 559.80 Td (popular ) Tj ET Q q 0 0 0 rg BT 171.80 559.80 Td (with ) Tj ET Q q 0 0 0 rg BT 187.55 559.80 Td (our ) Tj ET Q q 0 0 0 rg BT 199.73 559.80 Td (tar) Tj ET Q q 0 0 0 rg BT 208.02 559.80 Td (get ) Tj ET Q q 0 0 0 rg BT 219.32 559.80 Td (demographics ) Tj ET Q q 0 0 0 rg BT 265.71 559.80 Td (to ) Tj ET Q q 0 0 0 rg BT 273.45 559.80 Td (maintain ) Tj ET Q q 0 0 0 rg BT 302.96 559.80 Td (or ) Tj ET Q q 0 0 0 rg BT 311.15 559.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 338.87 559.80 Td (our ) Tj ET Q q 0 0 0 rg BT 351.05 559.80 Td (television ) Tj ET Q q 0 0 0 rg BT 383.68 559.80 Td (audience ) Tj ET Q q 0 0 0 rg BT 413.63 559.80 Td (share ) Tj ET Q q 0 0 0 rg BT 432.02 559.80 Td (leadership ) Tj ET Q q 0 0 0 rg BT 466.42 559.80 Td (and ) Tj ET Q q 0 0 0 rg BT 479.49 559.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 516.55 559.80 Td (market ) Tj ET Q q 0 0 0 rg BT 540.29 559.80 Td (shares;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 547.20 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 547.20 Td (increasing ) Tj ET Q q 0 0 0 rg BT 119.82 547.20 Td (carriage ) Tj ET Q q 0 0 0 rg BT 147.02 547.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 161.34 547.20 Td (and ) Tj ET Q q 0 0 0 rg BT 174.33 547.20 Td (subscription ) Tj ET Q q 0 0 0 rg BT 214.88 547.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 244.76 547.20 Td (as ) Tj ET Q q 0 0 0 rg BT 252.87 547.20 Td (well ) Tj ET Q q 0 0 0 rg BT 268.08 547.20 Td (as ) Tj ET Q q 0 0 0 rg BT 276.19 547.20 Td (expanding ) Tj ET Q q 0 0 0 rg BT 310.96 547.20 Td (our ) Tj ET Q q 0 0 0 rg BT 323.06 547.20 Td (online ) Tj ET Q q 0 0 0 rg BT 344.50 547.20 Td (content ) Tj ET Q q 0 0 0 rg BT 369.49 547.20 Td (of) Tj ET Q q 0 0 0 rg BT 376.01 547.20 Td (ferings ) Tj ET Q q 0 0 0 rg BT 399.67 547.20 Td (to ) Tj ET Q q 0 0 0 rg BT 407.34 547.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 433.22 547.20 Td (more ) Tj ET Q q 0 0 0 rg BT 451.10 547.20 Td (diversified ) Tj ET Q q 0 0 0 rg BT 486.75 547.20 Td (and ) Tj ET Q q 0 0 0 rg BT 499.75 547.20 Td (predictable ) Tj ET Q q 0 0 0 rg BT 536.73 547.20 Td (income;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 534.60 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 534.60 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 125.71 534.60 Td (a ) Tj ET Q q 0 0 0 rg BT 131.27 534.60 Td (strict ) Tj ET Q q 0 0 0 rg BT 149.26 534.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 164.15 534.60 Td (discipline ) Tj ET Q q 0 0 0 rg BT 197.25 534.60 Td (while ) Tj ET Q q 0 0 0 rg BT 217.03 534.60 Td (safeguarding ) Tj ET Q q 0 0 0 rg BT 260.34 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 273.01 534.60 Td (brands ) Tj ET Q q 0 0 0 rg BT 296.34 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 309.89 534.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 349.65 534.60 Td (strengths ) Tj ET Q q 0 0 0 rg BT 380.54 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 388.76 534.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 416.96 534.60 Td (profitability; ) Tj ET Q q 0 0 0 rg BT 459.40 534.60 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 522.00 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 522.00 Td (optimizing ) Tj ET Q q 0 0 0 rg BT 122.16 522.00 Td (our ) Tj ET Q q 0 0 0 rg BT 134.83 522.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 158.15 522.00 Td (structure ) Tj ET Q q 0 0 0 rg BT 188.14 522.00 Td (and ) Tj ET Q q 0 0 0 rg BT 201.69 522.00 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 237.01 522.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 260.33 522.00 Td (allocation ) Tj ET Q q 0 0 0 rg BT 293.87 522.00 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 332.74 522.00 Td (to ) Tj ET Q q 0 0 0 rg BT 340.96 522.00 Td (improve ) Tj ET Q q 0 0 0 rg BT 369.63 522.00 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 408.94 522.00 Td (returns.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 506.40 Td (As ) Tj ET Q q 0 0 0 rg BT 60.79 506.40 Td (market ) Tj ET Q q 0 0 0 rg BT 85.39 506.40 Td (leaders ) Tj ET Q q 0 0 0 rg BT 110.44 506.40 Td (with ) Tj ET Q q 0 0 0 rg BT 127.06 506.40 Td (experienced ) Tj ET Q q 0 0 0 rg BT 168.09 506.40 Td (management ) Tj ET Q q 0 0 0 rg BT 211.36 506.40 Td (teams ) Tj ET Q q 0 0 0 rg BT 232.42 506.40 Td (in ) Tj ET Q q 0 0 0 rg BT 241.04 506.40 Td (each ) Tj ET Q q 0 0 0 rg BT 258.08 506.40 Td (country) Tj ET Q q 0 0 0 rg BT 282.00 506.40 Td (, ) Tj ET Q q 0 0 0 rg BT 286.40 506.40 Td (we ) Tj ET Q q 0 0 0 rg BT 298.12 506.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 323.61 506.40 Td (we ) Tj ET Q q 0 0 0 rg BT 335.34 506.40 Td (are ) Tj ET Q q 0 0 0 rg BT 347.50 506.40 Td (well ) Tj ET Q q 0 0 0 rg BT 363.67 506.40 Td (positioned ) Tj ET Q q 0 0 0 rg BT 399.39 506.40 Td (to ) Tj ET Q q 0 0 0 rg BT 408.01 506.40 Td (identify ) Tj ET Q q 0 0 0 rg BT 435.29 506.40 Td (new ) Tj ET Q q 0 0 0 rg BT 451.01 506.40 Td (challenges ) Tj ET Q q 0 0 0 rg BT 487.17 506.40 Td (in ) Tj ET Q q 0 0 0 rg BT 495.79 506.40 Td (a ) Tj ET Q q 0 0 0 rg BT 501.74 506.40 Td (timely ) Tj ET Q q 0 0 0 rg BT 524.57 506.40 Td (manner ) Tj ET Q q 0 0 0 rg BT 550.96 506.40 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 496.80 Td (adjust ) Tj ET Q q 0 0 0 rg BT 70.61 496.80 Td (our ) Tj ET Q q 0 0 0 rg BT 83.27 496.80 Td (strategy ) Tj ET Q q 0 0 0 rg BT 110.60 496.80 Td (as ) Tj ET Q q 0 0 0 rg BT 119.26 496.80 Td (new ) Tj ET Q q 0 0 0 rg BT 134.59 496.80 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 178.81 496.80 Td (or ) Tj ET Q q 0 0 0 rg BT 187.47 496.80 Td (threats ) Tj ET Q q 0 0 0 rg BT 210.80 496.80 Td (arise.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 481.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 481.20 Td (e ) Tj ET Q q 0 0 0 rg BT 61.76 481.20 Td (manage ) Tj ET Q q 0 0 0 rg BT 88.44 481.20 Td (our ) Tj ET Q q 0 0 0 rg BT 100.91 481.20 Td (business ) Tj ET Q q 0 0 0 rg BT 129.83 481.20 Td (on ) Tj ET Q q 0 0 0 rg BT 139.63 481.20 Td (a ) Tj ET Q q 0 0 0 rg BT 144.99 481.20 Td (geographical ) Tj ET Q q 0 0 0 rg BT 188.10 481.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 205.91 481.20 Td (with ) Tj ET Q q 0 0 0 rg BT 221.93 481.20 Td (five ) Tj ET Q q 0 0 0 rg BT 236.17 481.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 268.19 481.20 Td (segments: ) Tj ET Q q 0 0 0 rg BT 301.99 481.20 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 333.34 481.20 Td (the ) Tj ET Q q 0 0 0 rg BT 344.92 481.20 Td (Czech ) Tj ET Q q 0 0 0 rg BT 366.71 481.20 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 399.39 481.20 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 432.08 481.20 Td (the ) Tj ET Q q 0 0 0 rg BT 443.66 481.20 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 467.68 481.20 Td (Republic ) Tj ET Q q 0 0 0 rg BT 498.37 481.20 Td (and ) Tj ET Q q 0 0 0 rg BT 511.73 481.20 Td (Slovenia. ) Tj ET Q q 0 0 0 rg BT 543.40 481.20 Td (These ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 471.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 81.65 471.60 Td (segments, ) Tj ET Q q 0 0 0 rg BT 115.37 471.60 Td (which ) Tj ET Q q 0 0 0 rg BT 136.87 471.60 Td (are ) Tj ET Q q 0 0 0 rg BT 148.57 471.60 Td (also ) Tj ET Q q 0 0 0 rg BT 163.40 471.60 Td (our ) Tj ET Q q 0 0 0 rg BT 176.01 471.60 Td (reportable ) Tj ET Q q 0 0 0 rg BT 210.38 471.60 Td (segments, ) Tj ET Q q 0 0 0 rg BT 244.10 471.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 266.47 471.60 Td (how ) Tj ET Q q 0 0 0 rg BT 282.19 471.60 Td (our ) Tj ET Q q 0 0 0 rg BT 294.79 471.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 326.95 471.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 369.31 471.60 Td (is ) Tj ET Q q 0 0 0 rg BT 376.59 471.60 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 409.18 471.60 Td (by ) Tj ET Q q 0 0 0 rg BT 419.13 471.60 Td (our ) Tj ET Q q 0 0 0 rg BT 431.73 471.60 Td (chief ) Tj ET Q q 0 0 0 rg BT 449.66 471.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 481.82 471.60 Td (decision ) Tj ET Q q 0 0 0 rg BT 510.42 471.60 Td (makers, ) Tj ET Q q 0 0 0 rg BT 537.47 471.60 Td (who ) Tj ET Q q 0 0 0 rg BT 553.19 471.60 Td (we ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 462.00 Td (have ) Tj ET Q q 0 0 0 rg BT 66.60 462.00 Td (identified ) Tj ET Q q 0 0 0 rg BT 99.26 462.00 Td (as ) Tj ET Q q 0 0 0 rg BT 107.92 462.00 Td (our ) Tj ET Q q 0 0 0 rg BT 120.59 462.00 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 150.57 462.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 184.56 462.00 Td (Of) Tj ET Q q 0 0 0 rg BT 192.86 462.00 Td (ficers; ) Tj ET Q q 0 0 0 rg BT 214.84 462.00 Td (how ) Tj ET Q q 0 0 0 rg BT 230.62 462.00 Td (our ) Tj ET Q q 0 0 0 rg BT 243.29 462.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 278.61 462.00 Td (are ) Tj ET Q q 0 0 0 rg BT 290.38 462.00 Td (managed ) Tj ET Q q 0 0 0 rg BT 321.25 462.00 Td (by ) Tj ET Q q 0 0 0 rg BT 331.25 462.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 359.91 462.00 Td (managers; ) Tj ET Q q 0 0 0 rg BT 394.79 462.00 Td (and ) Tj ET Q q 0 0 0 rg BT 408.34 462.00 Td (the ) Tj ET Q q 0 0 0 rg BT 420.11 462.00 Td (structure ) Tj ET Q q 0 0 0 rg BT 450.10 462.00 Td (of ) Tj ET Q q 0 0 0 rg BT 458.76 462.00 Td (our ) Tj ET Q q 0 0 0 rg BT 471.43 462.00 Td (internal ) Tj ET Q q 0 0 0 rg BT 497.86 462.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 527.84 462.00 Td (reporting. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 446.40 Td (On ) Tj ET Q q 0 0 0 rg BT 61.32 446.40 Td (July ) Tj ET Q q 0 0 0 rg BT 76.70 446.40 Td (9, ) Tj ET Q q 0 0 0 rg BT 84.74 446.40 Td (2017, ) Tj ET Q q 0 0 0 rg BT 104.78 446.40 Td (we ) Tj ET Q q 0 0 0 rg BT 116.15 446.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 141.73 446.40 Td (into ) Tj ET Q q 0 0 0 rg BT 156.22 446.40 Td (a ) Tj ET Q q 0 0 0 rg BT 161.81 446.40 Td (framework ) Tj ET Q q 0 0 0 rg BT 198.95 446.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 234.30 446.40 Td (with ) Tj ET Q q 0 0 0 rg BT 250.57 446.40 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 280.61 446.40 Td (Broadband ) Tj ET Q q 0 0 0 rg BT 317.75 446.40 Td (S.r) Tj ET Q q 0 0 0 rg BT 331.97 446.40 Td (.l., ) Tj ET Q q 0 0 0 rg BT 342.24 446.40 Td (a ) Tj ET Q q 0 0 0 rg BT 347.83 446.40 Td (wholly ) Tj ET Q q 0 0 0 rg BT 372.09 446.40 Td (owned ) Tj ET Q q 0 0 0 rg BT 395.46 446.40 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 430.39 446.40 Td (of ) Tj ET Q q 0 0 0 rg BT 439.10 446.40 Td (United ) Tj ET Q q 0 0 0 rg BT 462.91 446.40 Td (Group ) Tj ET Q q 0 0 0 rg BT 485.40 446.40 Td (B.V) Tj ET Q q 0 0 0 rg BT 497.48 446.40 Td (., ) Tj ET Q q 0 0 0 rg BT 503.52 446.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 530.00 446.40 Td (to ) Tj ET Q q 0 0 0 rg BT 538.26 446.40 Td (the ) Tj ET Q q 0 0 0 rg BT 550.08 446.40 Td (sale ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 436.80 Td (of ) Tj ET Q q 0 0 0 rg BT 58.95 436.80 Td (our ) Tj ET Q q 0 0 0 rg BT 72.40 436.80 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 102.74 436.80 Td (and ) Tj ET Q q 0 0 0 rg BT 117.08 436.80 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 151.86 436.80 Td (operations. ) Tj ET Q q 0 0 0 rg BT 189.97 436.80 Td (Following ) Tj ET Q q 0 0 0 rg BT 225.66 436.80 Td (an ) Tj ET Q q 0 0 0 rg BT 236.00 436.80 Td (amendment ) Tj ET Q q 0 0 0 rg BT 276.10 436.80 Td (and ) Tj ET Q q 0 0 0 rg BT 290.44 436.80 Td (restatement ) Tj ET Q q 0 0 0 rg BT 330.10 436.80 Td (of ) Tj ET Q q 0 0 0 rg BT 339.55 436.80 Td (that ) Tj ET Q q 0 0 0 rg BT 354.34 436.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 390.44 436.80 Td (on ) Tj ET Q q 0 0 0 rg BT 401.23 436.80 Td (July ) Tj ET Q q 0 0 0 rg BT 417.35 436.80 Td (5, ) Tj ET Q q 0 0 0 rg BT 426.14 436.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 444.93 436.80 Td (to ) Tj ET Q q 0 0 0 rg BT 453.94 436.80 Td (permit ) Tj ET Q q 0 0 0 rg BT 477.61 436.80 Td (the ) Tj ET Q q 0 0 0 rg BT 490.17 436.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 505.40 436.80 Td (of ) Tj ET Q q 0 0 0 rg BT 514.85 436.80 Td (each ) Tj ET Q q 0 0 0 rg BT 532.29 436.80 Td (operation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 427.20 Td (independently) Tj ET Q q 0 0 0 rg BT 94.30 427.20 Td (, ) Tj ET Q q 0 0 0 rg BT 98.10 427.20 Td (the ) Tj ET Q q 0 0 0 rg BT 109.66 427.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 123.90 427.20 Td (of ) Tj ET Q q 0 0 0 rg BT 132.36 427.20 Td (our ) Tj ET Q q 0 0 0 rg BT 144.81 427.20 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 174.16 427.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 209.28 427.20 Td (was ) Tj ET Q q 0 0 0 rg BT 223.51 427.20 Td (completed ) Tj ET Q q 0 0 0 rg BT 258.63 427.20 Td (on ) Tj ET Q q 0 0 0 rg BT 268.42 427.20 Td (July ) Tj ET Q q 0 0 0 rg BT 283.55 427.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 295.35 427.20 Td (2018. ) Tj ET Q q 0 0 0 rg BT 314.75 427.20 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 354.22 427.20 Td (, ) Tj ET Q q 0 0 0 rg BT 358.01 427.20 Td (the ) Tj ET Q q 0 0 0 rg BT 369.58 427.20 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 398.92 427.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 434.04 427.20 Td (are ) Tj ET Q q 0 0 0 rg BT 445.60 427.20 Td (presented ) Tj ET Q q 0 0 0 rg BT 478.05 427.20 Td (as ) Tj ET Q q 0 0 0 rg BT 486.51 427.20 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 529.18 427.20 Td (operations ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 417.60 Td (for ) Tj ET Q q 0 0 0 rg BT 60.97 417.60 Td (all ) Tj ET Q q 0 0 0 rg BT 71.10 417.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 96.79 417.60 Td (in ) Tj ET Q q 0 0 0 rg BT 105.16 417.60 Td (this ) Tj ET Q q 0 0 0 rg BT 118.85 417.60 Td (report. ) Tj ET Q q 0 0 0 rg BT 141.94 417.60 Td (The ) Tj ET Q q 0 0 0 rg BT 156.52 417.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 191.97 417.60 Td (to ) Tj ET Q q 0 0 0 rg BT 200.33 417.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 213.58 417.60 Td (our ) Tj ET Q q 0 0 0 rg BT 226.39 417.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 261.85 417.60 Td (in ) Tj ET Q q 0 0 0 rg BT 270.21 417.60 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 300.35 417.60 Td (was ) Tj ET Q q 0 0 0 rg BT 314.93 417.60 Td (terminated ) Tj ET Q q 0 0 0 rg BT 351.27 417.60 Td (on ) Tj ET Q q 0 0 0 rg BT 361.41 417.60 Td (January ) Tj ET Q q 0 0 0 rg BT 388.43 417.60 Td (18, ) Tj ET Q q 0 0 0 rg BT 400.57 417.60 Td (2019. ) Tj ET Q q 0 0 0 rg BT 420.24 417.60 Td (As ) Tj ET Q q 0 0 0 rg BT 431.27 417.60 Td (a ) Tj ET Q q 0 0 0 rg BT 436.96 417.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 458.87 417.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.79 417.60 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 504.92 417.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 540.39 417.60 Td (are ) Tj ET Q q 0 0 0 rg BT 552.29 417.60 Td (not ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 408.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 82.15 408.00 Td (as ) Tj ET Q q 0 0 0 rg BT 90.82 408.00 Td (held ) Tj ET Q q 0 0 0 rg BT 106.59 408.00 Td (for ) Tj ET Q q 0 0 0 rg BT 117.92 408.00 Td (sale, ) Tj ET Q q 0 0 0 rg BT 134.36 408.00 Td (and ) Tj ET Q q 0 0 0 rg BT 147.91 408.00 Td (the ) Tj ET Q q 0 0 0 rg BT 159.68 408.00 Td (discussion ) Tj ET Q q 0 0 0 rg BT 195.02 408.00 Td (below ) Tj ET Q q 0 0 0 rg BT 216.57 408.00 Td (relates ) Tj ET Q q 0 0 0 rg BT 239.44 408.00 Td (to ) Tj ET Q q 0 0 0 rg BT 247.66 408.00 Td (our ) Tj ET Q q 0 0 0 rg BT 260.33 408.00 Td (continuing ) Tj ET Q q 0 0 0 rg BT 296.55 408.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 331.87 408.00 Td (in ) Tj ET Q q 0 0 0 rg BT 340.09 408.00 Td (the ) Tj ET Q q 0 0 0 rg BT 351.87 408.00 Td (five ) Tj ET Q q 0 0 0 rg BT 366.30 408.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 398.52 408.00 Td (segments.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 389.40 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 85.79 389.40 Td ( ) Tj ET Q q 0 0 0 rg BT 87.79 389.40 Td (Financial ) Tj ET Q q 0 0 0 rg BT 120.90 389.40 Td (Measur) Tj ET Q q 0 0 0 rg BT 145.04 389.40 Td (es) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 373.80 Td (In ) Tj ET Q q 0 0 0 rg BT 58.12 373.80 Td (this ) Tj ET Q q 0 0 0 rg BT 71.63 373.80 Td (report ) Tj ET Q q 0 0 0 rg BT 92.69 373.80 Td (we ) Tj ET Q q 0 0 0 rg BT 103.97 373.80 Td (refer ) Tj ET Q q 0 0 0 rg BT 121.02 373.80 Td (to ) Tj ET Q q 0 0 0 rg BT 129.20 373.80 Td (several ) Tj ET Q q 0 0 0 rg BT 153.81 373.80 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 189.96 373.80 Td ( ) Tj ET Q q 0 0 0 rg BT 191.91 373.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.85 373.80 Td (measures, ) Tj ET Q q 0 0 0 rg BT 255.57 373.80 Td (including ) Tj ET Q q 0 0 0 rg BT 287.74 373.80 Td (OIBDA, ) Tj ET Q q 0 0 0 rg BT 317.03 373.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 341.92 373.80 Td ( ) Tj ET Q q 0 0 0 rg BT 343.88 373.80 Td (mar) Tj ET Q q 0 0 0 rg BT 356.17 373.80 Td (gin, ) Tj ET Q q 0 0 0 rg BT 370.35 373.80 Td (free ) Tj ET Q q 0 0 0 rg BT 384.73 373.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 400.90 373.80 Td (flow ) Tj ET Q q 0 0 0 rg BT 417.52 373.80 Td (and ) Tj ET Q q 0 0 0 rg BT 431.03 373.80 Td (unlevered ) Tj ET Q q 0 0 0 rg BT 464.52 373.80 Td (free ) Tj ET Q q 0 0 0 rg BT 478.91 373.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 495.08 373.80 Td (flow) Tj ET Q q 0 0 0 rg BT 509.22 373.80 Td (. ) Tj ET Q q 0 0 0 rg BT 513.03 373.80 Td (W) Tj ET Q q 0 0 0 rg BT 519.94 373.80 Td (e ) Tj ET Q q 0 0 0 rg BT 525.45 373.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 550.50 373.80 Td (that ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 364.20 Td (each ) Tj ET Q q 0 0 0 rg BT 65.98 364.20 Td (of ) Tj ET Q q 0 0 0 rg BT 74.48 364.20 Td (these ) Tj ET Q q 0 0 0 rg BT 92.75 364.20 Td (metrics ) Tj ET Q q 0 0 0 rg BT 118.13 364.20 Td (is ) Tj ET Q q 0 0 0 rg BT 125.30 364.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 146.68 364.20 Td (to ) Tj ET Q q 0 0 0 rg BT 154.73 364.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 185.45 364.20 Td (for ) Tj ET Q q 0 0 0 rg BT 196.61 364.20 Td (the ) Tj ET Q q 0 0 0 rg BT 208.22 364.20 Td (reasons ) Tj ET Q q 0 0 0 rg BT 234.04 364.20 Td (outlined ) Tj ET Q q 0 0 0 rg BT 262.09 364.20 Td (below) Tj ET Q q 0 0 0 rg BT 281.13 364.20 Td (. ) Tj ET Q q 0 0 0 rg BT 284.96 364.20 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 322.88 364.20 Td ( ) Tj ET Q q 0 0 0 rg BT 324.71 364.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.53 364.20 Td (measures ) Tj ET Q q 0 0 0 rg BT 386.13 364.20 Td (may ) Tj ET Q q 0 0 0 rg BT 401.73 364.20 Td (not ) Tj ET Q q 0 0 0 rg BT 413.79 364.20 Td (be ) Tj ET Q q 0 0 0 rg BT 423.17 364.20 Td (comparable ) Tj ET Q q 0 0 0 rg BT 462.32 364.20 Td (to ) Tj ET Q q 0 0 0 rg BT 470.37 364.20 Td (similar ) Tj ET Q q 0 0 0 rg BT 494.42 364.20 Td (measures ) Tj ET Q q 0 0 0 rg BT 526.02 364.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 554.50 364.20 Td (by ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (other ) Tj ET Q q 0 0 0 rg BT 67.94 354.60 Td (companies. ) Tj ET Q q 0 0 0 rg BT 106.15 354.60 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 144.07 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 146.07 354.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 176.06 354.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 207.82 354.60 Td (should ) Tj ET Q q 0 0 0 rg BT 231.16 354.60 Td (be ) Tj ET Q q 0 0 0 rg BT 240.71 354.60 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 273.36 354.60 Td (in ) Tj ET Q q 0 0 0 rg BT 281.58 354.60 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 321.35 354.60 Td (with, ) Tj ET Q q 0 0 0 rg BT 339.57 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 353.13 354.60 Td (are ) Tj ET Q q 0 0 0 rg BT 364.89 354.60 Td (not ) Tj ET Q q 0 0 0 rg BT 377.11 354.60 Td (a ) Tj ET Q q 0 0 0 rg BT 382.66 354.60 Td (substitute ) Tj ET Q q 0 0 0 rg BT 415.33 354.60 Td (for) Tj ET Q q 0 0 0 rg BT 424.34 354.60 Td (, ) Tj ET Q q 0 0 0 rg BT 428.34 354.60 Td (US ) Tj ET Q q 0 0 0 rg BT 440.57 354.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 462.05 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 464.05 354.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 494.04 354.60 Td (measures.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 339.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 339.00 Td (e ) Tj ET Q q 0 0 0 rg BT 61.97 339.00 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 90.62 339.00 Td (our ) Tj ET Q q 0 0 0 rg BT 103.29 339.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 145.73 339.00 Td (results ) Tj ET Q q 0 0 0 rg BT 168.62 339.00 Td (and ) Tj ET Q q 0 0 0 rg BT 182.18 339.00 Td (the ) Tj ET Q q 0 0 0 rg BT 193.96 339.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 236.38 339.00 Td (of ) Tj ET Q q 0 0 0 rg BT 245.05 339.00 Td (our ) Tj ET Q q 0 0 0 rg BT 257.72 339.00 Td (segments ) Tj ET Q q 0 0 0 rg BT 289.50 339.00 Td (based ) Tj ET Q q 0 0 0 rg BT 309.72 339.00 Td (on ) Tj ET Q q 0 0 0 rg BT 319.73 339.00 Td (net ) Tj ET Q q 0 0 0 rg BT 331.51 339.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 361.94 339.00 Td (and ) Tj ET Q q 0 0 0 rg BT 375.50 339.00 Td (OIBDA. ) Tj ET Q q 0 0 0 rg BT 404.69 339.00 Td (W) Tj ET Q q 0 0 0 rg BT 411.60 339.00 Td (e ) Tj ET Q q 0 0 0 rg BT 417.16 339.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 442.26 339.00 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 467.15 339.00 Td ( ) Tj ET Q q 0 0 0 rg BT 469.16 339.00 Td (is ) Tj ET Q q 0 0 0 rg BT 476.50 339.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 498.06 339.00 Td (to ) Tj ET Q q 0 0 0 rg BT 506.29 339.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 537.18 339.00 Td (because ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 329.40 Td (it ) Tj ET Q q 0 0 0 rg BT 56.25 329.40 Td (provides ) Tj ET Q q 0 0 0 rg BT 86.12 329.40 Td (a ) Tj ET Q q 0 0 0 rg BT 91.98 329.40 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 130.72 329.40 Td (representation ) Tj ET Q q 0 0 0 rg BT 178.34 329.40 Td (of ) Tj ET Q q 0 0 0 rg BT 187.31 329.40 Td (our ) Tj ET Q q 0 0 0 rg BT 200.29 329.40 Td (performance, ) Tj ET Q q 0 0 0 rg BT 245.02 329.40 Td (as ) Tj ET Q q 0 0 0 rg BT 253.99 329.40 Td (it ) Tj ET Q q 0 0 0 rg BT 260.74 329.40 Td (excludes ) Tj ET Q q 0 0 0 rg BT 291.04 329.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 315.11 329.40 Td (items ) Tj ET Q q 0 0 0 rg BT 334.75 329.40 Td (that ) Tj ET Q q 0 0 0 rg BT 349.06 329.40 Td (do ) Tj ET Q q 0 0 0 rg BT 359.37 329.40 Td (not ) Tj ET Q q 0 0 0 rg BT 371.90 329.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 395.98 329.40 Td (either ) Tj ET Q q 0 0 0 rg BT 416.50 329.40 Td (our ) Tj ET Q q 0 0 0 rg BT 429.48 329.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 446.00 329.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 466.09 329.40 Td (or ) Tj ET Q q 0 0 0 rg BT 475.06 329.40 Td (the ) Tj ET Q q 0 0 0 rg BT 487.14 329.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 519.66 329.40 Td (results ) Tj ET Q q 0 0 0 rg BT 542.86 329.40 Td (of ) Tj ET Q q 0 0 0 rg BT 551.83 329.40 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 319.80 Td (operations. ) Tj ET Q q 0 0 0 rg BT 86.82 319.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 111.71 319.80 Td ( ) Tj ET Q q 0 0 0 rg BT 113.71 319.80 Td (and ) Tj ET Q q 0 0 0 rg BT 127.27 319.80 Td (unlevered ) Tj ET Q q 0 0 0 rg BT 160.80 319.80 Td (free ) Tj ET Q q 0 0 0 rg BT 175.23 319.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 191.45 319.80 Td (flow ) Tj ET Q q 0 0 0 rg BT 208.11 319.80 Td (are ) Tj ET Q q 0 0 0 rg BT 219.88 319.80 Td (also ) Tj ET Q q 0 0 0 rg BT 234.77 319.80 Td (used ) Tj ET Q q 0 0 0 rg BT 251.43 319.80 Td (as ) Tj ET Q q 0 0 0 rg BT 260.09 319.80 Td (components ) Tj ET Q q 0 0 0 rg BT 300.75 319.80 Td (in ) Tj ET Q q 0 0 0 rg BT 308.98 319.80 Td (determining ) Tj ET Q q 0 0 0 rg BT 349.63 319.80 Td (management ) Tj ET Q q 0 0 0 rg BT 392.50 319.80 Td (bonuses.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 304.20 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 74.39 304.20 Td ( ) Tj ET Q q 0 0 0 rg BT 76.13 304.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 104.53 304.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 146.69 304.20 Td (and ) Tj ET Q q 0 0 0 rg BT 159.98 304.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 198.60 304.20 Td (of ) Tj ET Q q 0 0 0 rg BT 207.00 304.20 Td (program ) Tj ET Q q 0 0 0 rg BT 235.84 304.20 Td (rights ) Tj ET Q q 0 0 0 rg BT 255.80 304.20 Td (and ) Tj ET Q q 0 0 0 rg BT 269.08 304.20 Td (is ) Tj ET Q q 0 0 0 rg BT 276.16 304.20 Td (calculated ) Tj ET Q q 0 0 0 rg BT 310.32 304.20 Td (as ) Tj ET Q q 0 0 0 rg BT 318.72 304.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 350.67 304.20 Td (income ) Tj ET Q q 0 0 0 rg BT 375.95 304.20 Td (/ ) Tj ET Q q 0 0 0 rg BT 379.91 304.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 394.10 304.20 Td (before ) Tj ET Q q 0 0 0 rg BT 416.26 304.20 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 459.54 304.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 501.70 304.20 Td (of ) Tj ET Q q 0 0 0 rg BT 510.11 304.20 Td (intangible ) Tj ET Q q 0 0 0 rg BT 543.83 304.20 Td (assets ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 63.14 294.60 Td (impairments ) Tj ET Q q 0 0 0 rg BT 105.22 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 113.98 294.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 134.73 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 148.38 294.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 172.23 294.60 Td (unusual ) Tj ET Q q 0 0 0 rg BT 199.21 294.60 Td (or ) Tj ET Q q 0 0 0 rg BT 207.96 294.60 Td (infrequent ) Tj ET Q q 0 0 0 rg BT 242.93 294.60 Td (items ) Tj ET Q q 0 0 0 rg BT 262.35 294.60 Td (that ) Tj ET Q q 0 0 0 rg BT 276.44 294.60 Td (are ) Tj ET Q q 0 0 0 rg BT 288.29 294.60 Td (not ) Tj ET Q q 0 0 0 rg BT 300.61 294.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 337.35 294.60 Td (by ) Tj ET Q q 0 0 0 rg BT 347.44 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 360.20 294.60 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 390.27 294.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 424.35 294.60 Td (Of) Tj ET Q q 0 0 0 rg BT 432.65 294.60 Td (ficers ) Tj ET Q q 0 0 0 rg BT 452.50 294.60 Td (when ) Tj ET Q q 0 0 0 rg BT 471.92 294.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 507.33 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 520.09 294.60 Td (performance. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 285.00 Td (From ) Tj ET Q q 0 0 0 rg BT 68.76 285.00 Td (January ) Tj ET Q q 0 0 0 rg BT 95.55 285.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 103.47 285.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 123.39 285.00 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 163.08 285.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 209.43 285.00 Td (and ) Tj ET Q q 0 0 0 rg BT 222.90 285.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 246.59 285.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 278.72 285.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 296.64 285.00 Td (incurred ) Tj ET Q q 0 0 0 rg BT 325.21 285.00 Td (on ) Tj ET Q q 0 0 0 rg BT 335.13 285.00 Td (behalf ) Tj ET Q q 0 0 0 rg BT 357.04 285.00 Td (of ) Tj ET Q q 0 0 0 rg BT 365.62 285.00 Td (our ) Tj ET Q q 0 0 0 rg BT 378.21 285.00 Td (segments ) Tj ET Q q 0 0 0 rg BT 409.90 285.00 Td (at ) Tj ET Q q 0 0 0 rg BT 417.59 285.00 Td (the ) Tj ET Q q 0 0 0 rg BT 429.29 285.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 461.41 285.00 Td (level ) Tj ET Q q 0 0 0 rg BT 478.88 285.00 Td (have ) Tj ET Q q 0 0 0 rg BT 495.90 285.00 Td (been ) Tj ET Q q 0 0 0 rg BT 512.92 285.00 Td (allocated ) Tj ET Q q 0 0 0 rg BT 543.71 285.00 Td (to ) Tj ET Q q 0 0 0 rg BT 551.85 285.00 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 275.40 Td (segments ) Tj ET Q q 0 0 0 rg BT 80.72 275.40 Td (for ) Tj ET Q q 0 0 0 rg BT 91.50 275.40 Td (purposes ) Tj ET Q q 0 0 0 rg BT 121.39 275.40 Td (of ) Tj ET Q q 0 0 0 rg BT 129.50 275.40 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 164.27 275.40 Td (their ) Tj ET Q q 0 0 0 rg BT 180.38 275.40 Td (performance. ) Tj ET Q q 0 0 0 rg BT 224.24 275.40 Td (Prior ) Tj ET Q q 0 0 0 rg BT 241.69 275.40 Td (period ) Tj ET Q q 0 0 0 rg BT 263.58 275.40 Td (information ) Tj ET Q q 0 0 0 rg BT 302.79 275.40 Td (has ) Tj ET Q q 0 0 0 rg BT 314.91 275.40 Td (been ) Tj ET Q q 0 0 0 rg BT 331.46 275.40 Td (recast ) Tj ET Q q 0 0 0 rg BT 351.56 275.40 Td (to ) Tj ET Q q 0 0 0 rg BT 359.23 275.40 Td (conform ) Tj ET Q q 0 0 0 rg BT 387.78 275.40 Td (to ) Tj ET Q q 0 0 0 rg BT 395.45 275.40 Td (the ) Tj ET Q q 0 0 0 rg BT 406.67 275.40 Td (current ) Tj ET Q q 0 0 0 rg BT 430.77 275.40 Td (period ) Tj ET Q q 0 0 0 rg BT 452.66 275.40 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 495.20 275.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 509.09 275.40 Td (key ) Tj ET Q q 0 0 0 rg BT 522.09 275.40 Td (performance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 265.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 78.15 265.80 Td (of ) Tj ET Q q 0 0 0 rg BT 86.82 265.80 Td (the ) Tj ET Q q 0 0 0 rg BT 98.59 265.80 Td (ef) Tj ET Q q 0 0 0 rg BT 104.66 265.80 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 132.42 265.80 Td (of ) Tj ET Q q 0 0 0 rg BT 141.09 265.80 Td (our ) Tj ET Q q 0 0 0 rg BT 153.75 265.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 196.18 265.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 231.51 265.80 Td (and ) Tj ET Q q 0 0 0 rg BT 245.06 265.80 Td (our ) Tj ET Q q 0 0 0 rg BT 257.72 265.80 Td (segments ) Tj ET Q q 0 0 0 rg BT 289.50 265.80 Td (is ) Tj ET Q q 0 0 0 rg BT 296.83 265.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 321.72 265.80 Td ( ) Tj ET Q q 0 0 0 rg BT 323.72 265.80 Td (mar) Tj ET Q q 0 0 0 rg BT 336.02 265.80 Td (gin. ) Tj ET Q q 0 0 0 rg BT 350.09 265.80 Td (W) Tj ET Q q 0 0 0 rg BT 357.00 265.80 Td (e ) Tj ET Q q 0 0 0 rg BT 362.55 265.80 Td (define ) Tj ET Q q 0 0 0 rg BT 384.54 265.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 409.43 265.80 Td ( ) Tj ET Q q 0 0 0 rg BT 411.43 265.80 Td (mar) Tj ET Q q 0 0 0 rg BT 423.73 265.80 Td (gin ) Tj ET Q q 0 0 0 rg BT 435.95 265.80 Td (as ) Tj ET Q q 0 0 0 rg BT 444.61 265.80 Td (the ) Tj ET Q q 0 0 0 rg BT 456.39 265.80 Td (ratio ) Tj ET Q q 0 0 0 rg BT 473.05 265.80 Td (of ) Tj ET Q q 0 0 0 rg BT 481.71 265.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 506.60 265.80 Td ( ) Tj ET Q q 0 0 0 rg BT 508.60 265.80 Td (to ) Tj ET Q q 0 0 0 rg BT 516.82 265.80 Td (net ) Tj ET Q q 0 0 0 rg BT 528.60 265.80 Td (revenues.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 250.20 Td (Following ) Tj ET Q q 0 0 0 rg BT 84.34 250.20 Td (a ) Tj ET Q q 0 0 0 rg BT 89.84 250.20 Td (repricing ) Tj ET Q q 0 0 0 rg BT 120.66 250.20 Td (of ) Tj ET Q q 0 0 0 rg BT 129.27 250.20 Td (our ) Tj ET Q q 0 0 0 rg BT 141.88 250.20 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 176.70 250.20 Td (Fees ) Tj ET Q q 0 0 0 rg BT 193.31 250.20 Td (in ) Tj ET Q q 0 0 0 rg BT 201.48 250.20 Td (March ) Tj ET Q q 0 0 0 rg BT 224.31 250.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 242.25 250.20 Td (and ) Tj ET Q q 0 0 0 rg BT 255.32 250.20 Td (April ) Tj ET Q q 0 0 0 rg BT 274.16 250.20 Td (2018, ) Tj ET Q q 0 0 0 rg BT 294.10 250.20 Td (we ) Tj ET Q q 0 0 0 rg BT 305.38 250.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 318.88 250.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 344.37 250.20 Td (and ) Tj ET Q q 0 0 0 rg BT 357.87 250.20 Td (related ) Tj ET Q q 0 0 0 rg BT 381.58 250.20 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 416.39 250.20 Td (Fees ) Tj ET Q q 0 0 0 rg BT 433.00 250.20 Td (on ) Tj ET Q q 0 0 0 rg BT 442.95 250.20 Td (our ) Tj ET Q q 0 0 0 rg BT 455.56 250.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 494.84 250.20 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 538.11 250.20 Td (in ) Tj ET Q q 0 0 0 rg BT 546.28 250.20 Td (cash. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 240.60 Td (In ) Tj ET Q q 0 0 0 rg BT 58.26 240.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 86.57 240.60 Td (to ) Tj ET Q q 0 0 0 rg BT 94.88 240.60 Td (this ) Tj ET Q q 0 0 0 rg BT 108.54 240.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 143.07 240.60 Td (to ) Tj ET Q q 0 0 0 rg BT 151.38 240.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 165.03 240.60 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 199.99 240.60 Td (Fees ) Tj ET Q q 0 0 0 rg BT 216.75 240.60 Td (in ) Tj ET Q q 0 0 0 rg BT 225.06 240.60 Td (cash, ) Tj ET Q q 0 0 0 rg BT 243.37 240.60 Td (we ) Tj ET Q q 0 0 0 rg BT 254.79 240.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 277.76 240.60 Td (to ) Tj ET Q q 0 0 0 rg BT 286.07 240.60 Td (use ) Tj ET Q q 0 0 0 rg BT 298.83 240.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 315.14 240.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 348.32 240.60 Td (by ) Tj ET Q q 0 0 0 rg BT 358.41 240.60 Td (the ) Tj ET Q q 0 0 0 rg BT 370.28 240.60 Td (business ) Tj ET Q q 0 0 0 rg BT 399.48 240.60 Td (to ) Tj ET Q q 0 0 0 rg BT 407.80 240.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 421.44 240.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 445.30 240.60 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 480.26 240.60 Td (Fees ) Tj ET Q q 0 0 0 rg BT 497.01 240.60 Td (that ) Tj ET Q q 0 0 0 rg BT 511.10 240.60 Td (were ) Tj ET Q q 0 0 0 rg BT 528.74 240.60 Td (previously ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 231.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 65.77 231.00 Td (in ) Tj ET Q q 0 0 0 rg BT 74.49 231.00 Td (kind. ) Tj ET Q q 0 0 0 rg BT 93.03 231.00 Td (These ) Tj ET Q q 0 0 0 rg BT 114.62 231.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 131.34 231.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 164.49 231.00 Td (are ) Tj ET Q q 0 0 0 rg BT 176.75 231.00 Td (all ) Tj ET Q q 0 0 0 rg BT 187.25 231.00 Td (reflected ) Tj ET Q q 0 0 0 rg BT 217.72 231.00 Td (in ) Tj ET Q q 0 0 0 rg BT 226.44 231.00 Td (free ) Tj ET Q q 0 0 0 rg BT 241.36 231.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 258.07 231.00 Td (flow; ) Tj ET Q q 0 0 0 rg BT 277.46 231.00 Td (accordingly) Tj ET Q q 0 0 0 rg BT 314.70 231.00 Td (, ) Tj ET Q q 0 0 0 rg BT 319.19 231.00 Td (we ) Tj ET Q q 0 0 0 rg BT 331.02 231.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 356.61 231.00 Td (unlevered ) Tj ET Q q 0 0 0 rg BT 390.65 231.00 Td (free ) Tj ET Q q 0 0 0 rg BT 405.57 231.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 422.28 231.00 Td (flow) Tj ET Q q 0 0 0 rg BT 436.43 231.00 Td (, ) Tj ET Q q 0 0 0 rg BT 440.93 231.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 467.41 231.00 Td (as ) Tj ET Q q 0 0 0 rg BT 476.57 231.00 Td (free ) Tj ET Q q 0 0 0 rg BT 491.50 231.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 508.21 231.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 525.37 231.00 Td (before ) Tj ET Q q 0 0 0 rg BT 548.29 231.00 Td (cash ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 221.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 82.58 221.40 Td (for ) Tj ET Q q 0 0 0 rg BT 94.32 221.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 120.29 221.40 Td (and ) Tj ET Q q 0 0 0 rg BT 134.25 221.40 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 169.54 221.40 Td (Fees, ) Tj ET Q q 0 0 0 rg BT 188.62 221.40 Td (best ) Tj ET Q q 0 0 0 rg BT 203.92 221.40 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 237.45 221.40 Td (the ) Tj ET Q q 0 0 0 rg BT 249.64 221.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 266.27 221.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 299.77 221.40 Td (by ) Tj ET Q q 0 0 0 rg BT 310.19 221.40 Td (our ) Tj ET Q q 0 0 0 rg BT 323.27 221.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 359.01 221.40 Td (when ) Tj ET Q q 0 0 0 rg BT 378.76 221.40 Td (comparing ) Tj ET Q q 0 0 0 rg BT 415.39 221.40 Td (periods. ) Tj ET Q q 0 0 0 rg BT 443.18 221.40 Td (W) Tj ET Q q 0 0 0 rg BT 450.09 221.40 Td (e ) Tj ET Q q 0 0 0 rg BT 456.06 221.40 Td (define ) Tj ET Q q 0 0 0 rg BT 478.46 221.40 Td (free ) Tj ET Q q 0 0 0 rg BT 493.31 221.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 509.94 221.40 Td (flow ) Tj ET Q q 0 0 0 rg BT 527.02 221.40 Td (as ) Tj ET Q q 0 0 0 rg BT 536.10 221.40 Td (net ) Tj ET Q q 0 0 0 rg BT 548.29 221.40 Td (cash ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 211.80 Td (generated ) Tj ET Q q 0 0 0 rg BT 82.76 211.80 Td (from ) Tj ET Q q 0 0 0 rg BT 100.47 211.80 Td (continuing ) Tj ET Q q 0 0 0 rg BT 136.86 211.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 169.24 211.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 200.28 211.80 Td (less ) Tj ET Q q 0 0 0 rg BT 214.45 211.80 Td (purchases ) Tj ET Q q 0 0 0 rg BT 248.16 211.80 Td (of ) Tj ET Q q 0 0 0 rg BT 256.99 211.80 Td (property) Tj ET Q q 0 0 0 rg BT 283.57 211.80 Td (, ) Tj ET Q q 0 0 0 rg BT 287.74 211.80 Td (plant ) Tj ET Q q 0 0 0 rg BT 305.90 211.80 Td (and ) Tj ET Q q 0 0 0 rg BT 319.62 211.80 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 357.56 211.80 Td (net ) Tj ET Q q 0 0 0 rg BT 369.50 211.80 Td (of ) Tj ET Q q 0 0 0 rg BT 378.33 211.80 Td (disposals ) Tj ET Q q 0 0 0 rg BT 409.83 211.80 Td (of ) Tj ET Q q 0 0 0 rg BT 418.66 211.80 Td (property) Tj ET Q q 0 0 0 rg BT 445.25 211.80 Td (, ) Tj ET Q q 0 0 0 rg BT 449.41 211.80 Td (plant ) Tj ET Q q 0 0 0 rg BT 467.58 211.80 Td (and ) Tj ET Q q 0 0 0 rg BT 481.29 211.80 Td (equipment ) Tj ET Q q 0 0 0 rg BT 517.23 211.80 Td (and ) Tj ET Q q 0 0 0 rg BT 530.95 211.80 Td (excluding ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 202.20 Td (the ) Tj ET Q q 0 0 0 rg BT 61.03 202.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 77.01 202.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 100.54 202.20 Td (of ) Tj ET Q q 0 0 0 rg BT 108.96 202.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 132.49 202.20 Td (unusual ) Tj ET Q q 0 0 0 rg BT 159.13 202.20 Td (or ) Tj ET Q q 0 0 0 rg BT 167.56 202.20 Td (infrequent ) Tj ET Q q 0 0 0 rg BT 202.20 202.20 Td (items ) Tj ET Q q 0 0 0 rg BT 221.29 202.20 Td (that ) Tj ET Q q 0 0 0 rg BT 235.04 202.20 Td (are ) Tj ET Q q 0 0 0 rg BT 246.57 202.20 Td (not ) Tj ET Q q 0 0 0 rg BT 258.55 202.20 Td (included ) Tj ET Q q 0 0 0 rg BT 287.86 202.20 Td (in ) Tj ET Q q 0 0 0 rg BT 295.85 202.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 313.61 202.20 Td (char) Tj ET Q q 0 0 0 rg BT 327.23 202.20 Td (ged ) Tj ET Q q 0 0 0 rg BT 340.54 202.20 Td (in ) Tj ET Q q 0 0 0 rg BT 348.52 202.20 Td (arriving ) Tj ET Q q 0 0 0 rg BT 375.61 202.20 Td (at ) Tj ET Q q 0 0 0 rg BT 383.14 202.20 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 408.03 202.20 Td ( ) Tj ET Q q 0 0 0 rg BT 409.79 202.20 Td (because ) Tj ET Q q 0 0 0 rg BT 436.87 202.20 Td (they ) Tj ET Q q 0 0 0 rg BT 452.40 202.20 Td (are ) Tj ET Q q 0 0 0 rg BT 463.93 202.20 Td (not ) Tj ET Q q 0 0 0 rg BT 475.91 202.20 Td (considered ) Tj ET Q q 0 0 0 rg BT 512.33 202.20 Td (by ) Tj ET Q q 0 0 0 rg BT 522.09 202.20 Td (our ) Tj ET Q q 0 0 0 rg BT 534.51 202.20 Td (co-Chief ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 192.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 83.48 192.60 Td (Of) Tj ET Q q 0 0 0 rg BT 91.78 192.60 Td (ficers ) Tj ET Q q 0 0 0 rg BT 111.55 192.60 Td (when ) Tj ET Q q 0 0 0 rg BT 130.88 192.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 166.20 192.60 Td (performance. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 177.00 Td (For ) Tj ET Q q 0 0 0 rg BT 62.31 177.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 95.99 177.00 Td (information ) Tj ET Q q 0 0 0 rg BT 135.46 177.00 Td (regarding ) Tj ET Q q 0 0 0 rg BT 167.80 177.00 Td (our ) Tj ET Q q 0 0 0 rg BT 180.16 177.00 Td (business ) Tj ET Q q 0 0 0 rg BT 208.96 177.00 Td (segments, ) Tj ET Q q 0 0 0 rg BT 242.43 177.00 Td (including ) Tj ET Q q 0 0 0 rg BT 274.34 177.00 Td (a ) Tj ET Q q 0 0 0 rg BT 279.59 177.00 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 325.26 177.00 Td (of ) Tj ET Q q 0 0 0 rg BT 333.62 177.00 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 358.51 177.00 Td ( ) Tj ET Q q 0 0 0 rg BT 360.20 177.00 Td (to ) Tj ET Q q 0 0 0 rg BT 368.12 177.00 Td (US ) Tj ET Q q 0 0 0 rg BT 380.04 177.00 Td (GAAP) Tj ET Q q 0 0 0 rg BT 401.52 177.00 Td ( ) Tj ET Q q 0 0 0 rg BT 403.22 177.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 432.89 177.00 Td (measures, ) Tj ET Q q 0 0 0 rg BT 466.35 177.00 Td (see ) Tj ET Q q 0 0 0 rg BT 478.26 177.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 494.62 177.00 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.31 177.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 519.55 177.00 Td (20, ) Tj ET Q q 0 0 0 rg BT 531.25 177.00 Td ("Segment ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 167.40 Td (Data") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.87 167.40 Td (. ) Tj ET Q q 0 0 0 rg BT 71.67 167.40 Td (For ) Tj ET Q q 0 0 0 rg BT 84.58 167.40 Td (a ) Tj ET Q q 0 0 0 rg BT 89.93 167.40 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 135.71 167.40 Td (of ) Tj ET Q q 0 0 0 rg BT 144.17 167.40 Td (free ) Tj ET Q q 0 0 0 rg BT 158.40 167.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 174.41 167.40 Td (flow ) Tj ET Q q 0 0 0 rg BT 190.88 167.40 Td (and ) Tj ET Q q 0 0 0 rg BT 204.22 167.40 Td (unlevered ) Tj ET Q q 0 0 0 rg BT 237.56 167.40 Td (free ) Tj ET Q q 0 0 0 rg BT 251.79 167.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 267.80 167.40 Td (flow ) Tj ET Q q 0 0 0 rg BT 284.27 167.40 Td (to ) Tj ET Q q 0 0 0 rg BT 292.29 167.40 Td (a ) Tj ET Q q 0 0 0 rg BT 297.64 167.40 Td (US ) Tj ET Q q 0 0 0 rg BT 309.66 167.40 Td (GAAP) Tj ET Q q 0 0 0 rg BT 331.15 167.40 Td ( ) Tj ET Q q 0 0 0 rg BT 332.95 167.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 362.73 167.40 Td (measure, ) Tj ET Q q 0 0 0 rg BT 393.18 167.40 Td (see ) Tj ET Q q 0 0 0 rg BT 405.20 167.40 Td ("Free ) Tj ET Q q 0 0 0 rg BT 424.47 167.40 Td (Cash ) Tj ET Q q 0 0 0 rg BT 442.27 167.40 Td (Flow ) Tj ET Q q 0 0 0 rg BT 460.52 167.40 Td (and ) Tj ET Q q 0 0 0 rg BT 473.87 167.40 Td (Unlevered ) Tj ET Q q 0 0 0 rg BT 508.99 167.40 Td (Free ) Tj ET Q q 0 0 0 rg BT 525.00 167.40 Td (Cash ) Tj ET Q q 0 0 0 rg BT 542.80 167.40 Td (Flow" ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 157.80 Td (below) Tj ET Q q 0 0 0 rg BT 68.53 157.80 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 142.20 Td (While ) Tj ET Q q 0 0 0 rg BT 71.57 142.20 Td (our ) Tj ET Q q 0 0 0 rg BT 84.75 142.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 116.59 142.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 147.09 142.20 Td (is ) Tj ET Q q 0 0 0 rg BT 154.95 142.20 Td (the ) Tj ET Q q 0 0 0 rg BT 167.24 142.20 Td (dollar) Tj ET Q q 0 0 0 rg BT 185.58 142.20 Td (, ) Tj ET Q q 0 0 0 rg BT 190.10 142.20 Td (our ) Tj ET Q q 0 0 0 rg BT 203.29 142.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 246.24 142.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 277.19 142.20 Td (and ) Tj ET Q q 0 0 0 rg BT 291.26 142.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 309.78 142.20 Td (are ) Tj ET Q q 0 0 0 rg BT 322.06 142.20 Td (divided ) Tj ET Q q 0 0 0 rg BT 348.58 142.20 Td (across ) Tj ET Q q 0 0 0 rg BT 371.09 142.20 Td (a ) Tj ET Q q 0 0 0 rg BT 377.16 142.20 Td (range ) Tj ET Q q 0 0 0 rg BT 397.45 142.20 Td (of ) Tj ET Q q 0 0 0 rg BT 406.63 142.20 Td (European ) Tj ET Q q 0 0 0 rg BT 439.80 142.20 Td (currencies ) Tj ET Q q 0 0 0 rg BT 475.19 142.20 Td (and ) Tj ET Q q 0 0 0 rg BT 489.26 142.20 Td (CME ) Tj ET Q q 0 0 0 rg BT 509.11 142.20 Td (Ltd.) Tj ET Q q 0 0 0 rg BT 524.45 142.20 Td (s ) Tj ET Q q 0 0 0 rg BT 530.08 142.20 Td (functional ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 132.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 79.23 132.60 Td (is ) Tj ET Q q 0 0 0 rg BT 86.32 132.60 Td (the ) Tj ET Q q 0 0 0 rg BT 97.85 132.60 Td (Euro. ) Tj ET Q q 0 0 0 rg BT 117.15 132.60 Td (Given ) Tj ET Q q 0 0 0 rg BT 138.45 132.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.98 132.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 185.50 132.60 Td (movement ) Tj ET Q q 0 0 0 rg BT 221.02 132.60 Td (of ) Tj ET Q q 0 0 0 rg BT 229.44 132.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.96 132.60 Td (currencies ) Tj ET Q q 0 0 0 rg BT 275.58 132.60 Td (in ) Tj ET Q q 0 0 0 rg BT 283.55 132.60 Td (the ) Tj ET Q q 0 0 0 rg BT 295.08 132.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 322.16 132.60 Td (in ) Tj ET Q q 0 0 0 rg BT 330.13 132.60 Td (which ) Tj ET Q q 0 0 0 rg BT 351.43 132.60 Td (we ) Tj ET Q q 0 0 0 rg BT 362.51 132.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 387.80 132.60 Td (against ) Tj ET Q q 0 0 0 rg BT 412.22 132.60 Td (the ) Tj ET Q q 0 0 0 rg BT 423.74 132.60 Td (dollar) Tj ET Q q 0 0 0 rg BT 442.08 132.60 Td (, ) Tj ET Q q 0 0 0 rg BT 445.83 132.60 Td (we ) Tj ET Q q 0 0 0 rg BT 456.91 132.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 481.76 132.60 Td (that ) Tj ET Q q 0 0 0 rg BT 495.51 132.60 Td (it ) Tj ET Q q 0 0 0 rg BT 501.71 132.60 Td (is ) Tj ET Q q 0 0 0 rg BT 508.80 132.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 530.10 132.60 Td (to ) Tj ET Q q 0 0 0 rg BT 538.07 132.60 Td (provide ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 123.00 Td (percentage ) Tj ET Q q 0 0 0 rg BT 86.96 123.00 Td (movements ) Tj ET Q q 0 0 0 rg BT 126.66 123.00 Td (based ) Tj ET Q q 0 0 0 rg BT 147.70 123.00 Td (on ) Tj ET Q q 0 0 0 rg BT 158.52 123.00 Td (actual ) Tj ET Q q 0 0 0 rg BT 180.43 123.00 Td (\(% ) Tj ET Q q 0 0 0 rg BT 195.51 123.00 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 216.09 123.00 Td (percentage ) Tj ET Q q 0 0 0 rg BT 253.55 123.00 Td (movements, ) Tj ET Q q 0 0 0 rg BT 295.26 123.00 Td (which ) Tj ET Q q 0 0 0 rg BT 317.63 123.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 347.11 123.00 Td (the ) Tj ET Q q 0 0 0 rg BT 359.70 123.00 Td (ef) Tj ET Q q 0 0 0 rg BT 365.77 123.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 380.58 123.00 Td (of ) Tj ET Q q 0 0 0 rg BT 390.06 123.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 415.98 123.00 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 451.00 123.00 Td (as ) Tj ET Q q 0 0 0 rg BT 460.49 123.00 Td (well ) Tj ET Q q 0 0 0 rg BT 477.08 123.00 Td (as ) Tj ET Q q 0 0 0 rg BT 486.56 123.00 Td (like-for) Tj ET Q q 0 0 0 rg BT 510.39 123.00 Td (-like ) Tj ET Q q 0 0 0 rg BT 527.87 123.00 Td (percentage ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 113.40 Td (movements ) Tj ET Q q 0 0 0 rg BT 88.86 113.40 Td (\(% ) Tj ET Q q 0 0 0 rg BT 104.22 113.40 Td (Lfl\). ) Tj ET Q q 0 0 0 rg BT 124.50 113.40 Td (The ) Tj ET Q q 0 0 0 rg BT 139.42 113.40 Td (like-for) Tj ET Q q 0 0 0 rg BT 163.25 113.40 Td (-like ) Tj ET Q q 0 0 0 rg BT 180.38 113.40 Td (percentage ) Tj ET Q q 0 0 0 rg BT 217.50 113.40 Td (movement ) Tj ET Q q 0 0 0 rg BT 253.75 113.40 Td (references ) Tj ET Q q 0 0 0 rg BT 289.09 113.40 Td (reflect ) Tj ET Q q 0 0 0 rg BT 311.99 113.40 Td (the ) Tj ET Q q 0 0 0 rg BT 324.24 113.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 348.49 113.40 Td (of ) Tj ET Q q 0 0 0 rg BT 357.63 113.40 Td (applying ) Tj ET Q q 0 0 0 rg BT 388.10 113.40 Td (the ) Tj ET Q q 0 0 0 rg BT 400.35 113.40 Td (current ) Tj ET Q q 0 0 0 rg BT 425.48 113.40 Td (period ) Tj ET Q q 0 0 0 rg BT 448.40 113.40 Td (average ) Tj ET Q q 0 0 0 rg BT 475.74 113.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 508.42 113.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 526.00 113.40 Td (to ) Tj ET Q q 0 0 0 rg BT 534.70 113.40 Td (the ) Tj ET Q q 0 0 0 rg BT 546.95 113.40 Td (prior ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 103.80 Td (period ) Tj ET Q q 0 0 0 rg BT 72.24 103.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 102.98 103.80 Td (and ) Tj ET Q q 0 0 0 rg BT 116.83 103.80 Td (costs. ) Tj ET Q q 0 0 0 rg BT 137.14 103.80 Td (Since ) Tj ET Q q 0 0 0 rg BT 157.21 103.80 Td (the ) Tj ET Q q 0 0 0 rg BT 169.29 103.80 Td (dif) Tj ET Q q 0 0 0 rg BT 178.04 103.80 Td (ference ) Tj ET Q q 0 0 0 rg BT 203.87 103.80 Td (between ) Tj ET Q q 0 0 0 rg BT 232.83 103.80 Td (like-for) Tj ET Q q 0 0 0 rg BT 256.66 103.80 Td (-like ) Tj ET Q q 0 0 0 rg BT 273.62 103.80 Td (and ) Tj ET Q q 0 0 0 rg BT 287.48 103.80 Td (actual ) Tj ET Q q 0 0 0 rg BT 308.88 103.80 Td (percentage ) Tj ET Q q 0 0 0 rg BT 345.82 103.80 Td (movements ) Tj ET Q q 0 0 0 rg BT 385.01 103.80 Td (is ) Tj ET Q q 0 0 0 rg BT 392.65 103.80 Td (solely ) Tj ET Q q 0 0 0 rg BT 414.07 103.80 Td (the ) Tj ET Q q 0 0 0 rg BT 426.14 103.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 450.22 103.80 Td (of ) Tj ET Q q 0 0 0 rg BT 459.19 103.80 Td (movements ) Tj ET Q q 0 0 0 rg BT 498.38 103.80 Td (in ) Tj ET Q q 0 0 0 rg BT 506.90 103.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 532.31 103.80 Td (exchange ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 94.20 Td (rates, ) Tj ET Q q 0 0 0 rg BT 68.76 94.20 Td (our ) Tj ET Q q 0 0 0 rg BT 81.59 94.20 Td (discussion ) Tj ET Q q 0 0 0 rg BT 117.08 94.20 Td (in ) Tj ET Q q 0 0 0 rg BT 125.46 94.20 Td (the ) Tj ET Q q 0 0 0 rg BT 137.40 94.20 Td (following ) Tj ET Q q 0 0 0 rg BT 170.67 94.20 Td (analysis ) Tj ET Q q 0 0 0 rg BT 198.60 94.20 Td (is ) Tj ET Q q 0 0 0 rg BT 206.10 94.20 Td (focused ) Tj ET Q q 0 0 0 rg BT 233.14 94.20 Td (on ) Tj ET Q q 0 0 0 rg BT 243.30 94.20 Td (constant ) Tj ET Q q 0 0 0 rg BT 272.12 94.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 302.26 94.20 Td (percentage ) Tj ET Q q 0 0 0 rg BT 339.06 94.20 Td (movements ) Tj ET Q q 0 0 0 rg BT 378.10 94.20 Td (in ) Tj ET Q q 0 0 0 rg BT 386.48 94.20 Td (order ) Tj ET Q q 0 0 0 rg BT 405.52 94.20 Td (to ) Tj ET Q q 0 0 0 rg BT 413.91 94.20 Td (highlight ) Tj ET Q q 0 0 0 rg BT 444.96 94.20 Td (those ) Tj ET Q q 0 0 0 rg BT 464.00 94.20 Td (factors ) Tj ET Q q 0 0 0 rg BT 487.93 94.20 Td (influencing ) Tj ET Q q 0 0 0 rg BT 526.52 94.20 Td (operational ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 84.60 Td (performance.) Tj ET Q q 0 0 0 rg BT 93.77 84.60 Td (The ) Tj ET Q q 0 0 0 rg BT 108.21 84.60 Td (incremental ) Tj ET Q q 0 0 0 rg BT 147.97 84.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 171.74 84.60 Td (of ) Tj ET Q q 0 0 0 rg BT 180.40 84.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 205.50 84.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 237.71 84.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 254.81 84.60 Td (is ) Tj ET Q q 0 0 0 rg BT 262.14 84.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 294.80 84.60 Td (in ) Tj ET Q q 0 0 0 rg BT 303.02 84.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.79 84.60 Td (tables ) Tj ET Q q 0 0 0 rg BT 335.45 84.60 Td (preceding ) Tj ET Q q 0 0 0 rg BT 368.99 84.60 Td (such ) Tj ET Q q 0 0 0 rg BT 385.66 84.60 Td (analysis.) 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688.58 Td (ear) Tj ET Q q 0 0 0 rg BT 331.69 688.58 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 392.42 688.58 Td ( 31, \(US$ 000's\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 297.15 675.58 Td (Movement) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.15 675.58 Td (Movement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 662.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.50 662.58 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.50 662.58 Td (2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 290.00 662.58 Td (% ) Tj ET Q q 0 0 0 rg BT 298.52 662.58 Td (Act) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 340.05 662.58 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.50 662.58 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 662.58 Td (2016) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 491.00 662.58 Td (% ) Tj ET Q q 0 0 0 rg BT 499.52 662.58 Td (Act) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 541.05 662.58 Td (% Lfl) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 649.60 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.05 649.60 Td (revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.50 649.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.75 649.60 Td (703,906) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 649.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.75 649.60 Td (642,868) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.75 649.60 Td (9.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 649.60 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.75 649.60 Td (5.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.80 649.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.50 649.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.75 649.60 Td (642,868) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.50 649.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.75 649.60 Td (583,006) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.75 649.60 Td (10.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 649.60 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.75 649.60 Td (6.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 649.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 636.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 86.49 636.60 Td (income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.75 636.60 Td (177,587) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.75 636.60 Td (139,914) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 291.75 636.60 Td (26.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 636.60 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.75 636.60 Td (25.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.80 636.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.75 636.60 Td (139,914) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.75 636.60 Td (105,748) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.75 636.60 Td (32.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 636.60 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.75 636.60 Td (27.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 636.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 623.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 86.49 623.60 Td (mar) Tj ET Q q 0 0 0 rg BT 98.85 623.60 Td (gin) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.75 623.60 Td (25.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.80 623.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.75 623.60 Td (21.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.80 623.60 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 285.50 623.60 Td (3.4 p.p.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.50 623.60 Td (4.0 p.p.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.75 623.60 Td (21.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 623.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.75 623.60 Td (18.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 623.60 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.50 623.60 Td (3.7 p.p.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.50 623.60 Td (3.6 p.p.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 610.60 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.50 610.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.75 610.60 Td (222,674) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 610.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.75 610.60 Td (179,767) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 291.75 610.60 Td (23.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 610.60 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.75 610.60 Td (20.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.80 610.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.50 610.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.75 610.60 Td (179,767) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.50 610.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.75 610.60 Td (141,547) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.75 610.60 Td (27.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 610.60 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.75 610.60 Td (22.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 610.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 597.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 77.39 597.60 Td ( ) Tj ET Q q 0 0 0 rg BT 79.39 597.60 Td (mar) Tj ET Q q 0 0 0 rg BT 91.68 597.60 Td (gin) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.75 597.60 Td (31.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.80 597.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.75 597.60 Td (28.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.80 597.60 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 285.50 597.60 Td (3.6 p.p.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.50 597.60 Td (4.0 p.p.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.75 597.60 Td (28.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 597.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.75 597.60 Td (24.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 597.60 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.50 597.60 Td (3.7 p.p.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.50 597.60 Td (3.6 p.p.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 578.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.17 578.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 106.84 578.25 Td (net ) Tj ET Q q 0 0 0 rg BT 118.85 578.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 149.51 578.25 Td (increased ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.95 578.25 Td (10%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 196.61 578.25 Td ( ) Tj ET Q q 0 0 0 rg BT 198.85 578.25 Td (at ) Tj ET Q q 0 0 0 rg BT 206.85 578.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 228.18 578.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 260.62 578.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 277.96 578.25 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.74 578.25 Td (5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.40 578.25 Td ( ) Tj ET Q q 0 0 0 rg BT 304.64 578.25 Td (at ) Tj ET Q q 0 0 0 rg BT 312.64 578.25 Td (constant ) Tj ET Q q 0 0 0 rg BT 341.54 578.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 358.87 578.25 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.33 578.25 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.33 578.25 Td ( ) Tj ET Q q 0 0 0 rg BT 385.56 578.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 419.33 578.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.79 578.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 446.02 578.25 Td (due ) Tj ET Q q 0 0 0 rg BT 459.81 578.25 Td (to ) Tj ET Q q 0 0 0 rg BT 468.26 578.25 Td (an ) Tj ET Q q 0 0 0 rg BT 478.05 578.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 506.48 578.25 Td (in ) Tj ET Q q 0 0 0 rg BT 514.94 578.25 Td (both ) Tj ET Q q 0 0 0 rg BT 531.40 578.25 Td (television ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 568.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.26 568.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 117.91 568.65 Td (and ) Tj ET Q q 0 0 0 rg BT 131.68 568.65 Td (carriage ) Tj ET Q q 0 0 0 rg BT 159.65 568.65 Td (fee ) Tj ET Q q 0 0 0 rg BT 171.64 568.65 Td (and ) Tj ET Q q 0 0 0 rg BT 185.40 568.65 Td (subscription ) Tj ET Q q 0 0 0 rg BT 226.73 568.65 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 259.22 568.65 Td (T) Tj ET Q q 0 0 0 rg BT 263.55 568.65 Td (elevision ) Tj ET Q q 0 0 0 rg BT 294.65 568.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 332.41 568.65 Td (spending ) Tj ET Q q 0 0 0 rg BT 363.52 568.65 Td (in ) Tj ET Q q 0 0 0 rg BT 371.96 568.65 Td (the ) Tj ET Q q 0 0 0 rg BT 383.95 568.65 Td (countries ) Tj ET Q q 0 0 0 rg BT 415.49 568.65 Td (in ) Tj ET Q q 0 0 0 rg BT 423.93 568.65 Td (which ) Tj ET Q q 0 0 0 rg BT 445.70 568.65 Td (we ) Tj ET Q q 0 0 0 rg BT 457.25 568.65 Td (operate ) Tj ET Q q 0 0 0 rg BT 483.00 568.65 Td (grew ) Tj ET Q q 0 0 0 rg BT 501.21 568.65 Td (an ) Tj ET Q q 0 0 0 rg BT 510.98 568.65 Td (estimated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.85 568.65 Td (3%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.52 568.65 Td ( ) Tj ET Q q 0 0 0 rg BT 556.74 568.65 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 559.05 Td (constant ) Tj ET Q q 0 0 0 rg BT 78.38 559.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 95.71 559.05 Td (in ) Tj ET Q q 0 0 0 rg BT 104.16 559.05 Td (2018 ) Tj ET Q q 0 0 0 rg BT 122.38 559.05 Td (compared ) Tj ET Q q 0 0 0 rg BT 156.15 559.05 Td (to ) Tj ET Q q 0 0 0 rg BT 164.59 559.05 Td (2017. ) Tj ET Q q 0 0 0 rg BT 184.82 559.05 Td (Our ) Tj ET Q q 0 0 0 rg BT 199.48 559.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 242.14 559.05 Td (television ) Tj ET Q q 0 0 0 rg BT 275.47 559.05 Td (advertising ) Tj ET Q q 0 0 0 rg BT 313.24 559.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 343.90 559.05 Td (grew ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.12 559.05 Td (7%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.78 559.05 Td ( ) Tj ET Q q 0 0 0 rg BT 375.00 559.05 Td (at ) Tj ET Q q 0 0 0 rg BT 383.00 559.05 Td (actual ) Tj ET Q q 0 0 0 rg BT 404.32 559.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 421.65 559.05 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.43 559.05 Td (3%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.09 559.05 Td ( ) Tj ET Q q 0 0 0 rg BT 448.31 559.05 Td (at ) Tj ET Q q 0 0 0 rg BT 456.31 559.05 Td (constant ) Tj ET Q q 0 0 0 rg BT 485.20 559.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 502.52 559.05 Td (due ) Tj ET Q q 0 0 0 rg BT 516.30 559.05 Td (to ) Tj ET Q q 0 0 0 rg BT 524.75 559.05 Td (increases ) Tj ET Q q 0 0 0 rg BT 556.29 559.05 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 549.45 Td (advertising ) Tj ET Q q 0 0 0 rg BT 86.89 549.45 Td (spending ) Tj ET Q q 0 0 0 rg BT 117.62 549.45 Td (in ) Tj ET Q q 0 0 0 rg BT 125.68 549.45 Td (our ) Tj ET Q q 0 0 0 rg BT 138.19 549.45 Td (four ) Tj ET Q q 0 0 0 rg BT 153.36 549.45 Td (lar) Tj ET Q q 0 0 0 rg BT 161.65 549.45 Td (gest ) Tj ET Q q 0 0 0 rg BT 176.38 549.45 Td (markets. ) Tj ET Q q 0 0 0 rg BT 205.54 549.45 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 234.93 549.45 Td (fees ) Tj ET Q q 0 0 0 rg BT 249.65 549.45 Td (and ) Tj ET Q q 0 0 0 rg BT 263.04 549.45 Td (subscription ) Tj ET Q q 0 0 0 rg BT 303.99 549.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 334.26 549.45 Td (increased ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.31 549.45 Td (19%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.97 549.45 Td ( ) Tj ET Q q 0 0 0 rg BT 382.81 549.45 Td (at ) Tj ET Q q 0 0 0 rg BT 390.43 549.45 Td (actual ) Tj ET Q q 0 0 0 rg BT 411.37 549.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 428.31 549.45 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.70 549.45 Td (15%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.37 549.45 Td ( ) Tj ET Q q 0 0 0 rg BT 458.21 549.45 Td (at ) Tj ET Q q 0 0 0 rg BT 465.82 549.45 Td (constant ) Tj ET Q q 0 0 0 rg BT 494.33 549.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 511.27 549.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 542.88 549.45 Td (due ) Tj ET Q q 0 0 0 rg BT 556.27 549.45 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 539.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 83.41 539.85 Td (carriage ) Tj ET Q q 0 0 0 rg BT 111.07 539.85 Td (fees ) Tj ET Q q 0 0 0 rg BT 125.87 539.85 Td (from ) Tj ET Q q 0 0 0 rg BT 143.33 539.85 Td (higher ) Tj ET Q q 0 0 0 rg BT 165.68 539.85 Td (prices ) Tj ET Q q 0 0 0 rg BT 186.70 539.85 Td (in ) Tj ET Q q 0 0 0 rg BT 194.84 539.85 Td (contracts ) Tj ET Q q 0 0 0 rg BT 225.63 539.85 Td (with ) Tj ET Q q 0 0 0 rg BT 241.76 539.85 Td (cable, ) Tj ET Q q 0 0 0 rg BT 262.55 539.85 Td (satellite ) Tj ET Q q 0 0 0 rg BT 289.34 539.85 Td (and ) Tj ET Q q 0 0 0 rg BT 302.81 539.85 Td (internet ) Tj ET Q q 0 0 0 rg BT 329.16 539.85 Td (protocol ) Tj ET Q q 0 0 0 rg BT 357.73 539.85 Td (television ) Tj ET Q q 0 0 0 rg BT 390.75 539.85 Td (\("IPTV"\) ) Tj ET Q q 0 0 0 rg BT 422.30 539.85 Td (operators ) Tj ET Q q 0 0 0 rg BT 453.98 539.85 Td (in ) Tj ET Q q 0 0 0 rg BT 462.12 539.85 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 492.03 539.85 Td (since ) Tj ET Q q 0 0 0 rg BT 510.38 539.85 Td (those ) Tj ET Q q 0 0 0 rg BT 529.18 539.85 Td (operations ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 530.25 Td (ceased ) Tj ET Q q 0 0 0 rg BT 72.82 530.25 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 115.69 530.25 Td (on ) Tj ET Q q 0 0 0 rg BT 125.69 530.25 Td (digital ) Tj ET Q q 0 0 0 rg BT 148.13 530.25 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 180.78 530.25 Td (transmission ) Tj ET Q q 0 0 0 rg BT 223.23 530.25 Td (\("DTT"\) ) Tj ET Q q 0 0 0 rg BT 252.64 530.25 Td (in ) Tj ET Q q 0 0 0 rg BT 260.86 530.25 Td (January ) Tj ET Q q 0 0 0 rg BT 287.74 530.25 Td (2017. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 514.65 Td (Costs ) Tj ET Q q 0 0 0 rg BT 69.19 514.65 Td (char) Tj ET Q q 0 0 0 rg BT 82.81 514.65 Td (ged ) Tj ET Q q 0 0 0 rg BT 96.26 514.65 Td (in ) Tj ET Q q 0 0 0 rg BT 104.38 514.65 Td (arriving ) Tj ET Q q 0 0 0 rg BT 131.61 514.65 Td (at ) Tj ET Q q 0 0 0 rg BT 139.28 514.65 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 164.17 514.65 Td ( ) Tj ET Q q 0 0 0 rg BT 166.07 514.65 Td (increased ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.17 514.65 Td (4%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.84 514.65 Td ( ) Tj ET Q q 0 0 0 rg BT 210.74 514.65 Td (at ) Tj ET Q q 0 0 0 rg BT 218.41 514.65 Td (actual ) Tj ET Q q 0 0 0 rg BT 239.41 514.65 Td (rates ) Tj ET Q q 0 0 0 rg BT 256.41 514.65 Td (but ) Tj ET Q q 0 0 0 rg BT 268.54 514.65 Td (decreased ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.97 514.65 Td (1%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.63 514.65 Td ( ) Tj ET Q q 0 0 0 rg BT 314.53 514.65 Td (at ) Tj ET Q q 0 0 0 rg BT 322.21 514.65 Td (constant ) Tj ET Q q 0 0 0 rg BT 350.77 514.65 Td (rates ) Tj ET Q q 0 0 0 rg BT 367.77 514.65 Td (in ) Tj ET Q q 0 0 0 rg BT 375.89 514.65 Td (2018 ) Tj ET Q q 0 0 0 rg BT 393.79 514.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 427.23 514.65 Td (to ) Tj ET Q q 0 0 0 rg BT 435.35 514.65 Td (2017. ) Tj ET Q q 0 0 0 rg BT 455.25 514.65 Td (Content ) Tj ET Q q 0 0 0 rg BT 482.49 514.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 500.39 514.65 Td (were ) Tj ET Q q 0 0 0 rg BT 517.83 514.65 Td (broadly ) Tj ET Q q 0 0 0 rg BT 544.17 514.65 Td (flat ) Tj ET Q q 0 0 0 rg BT 556.73 514.65 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 505.05 Td (constant ) Tj ET Q q 0 0 0 rg BT 77.82 505.05 Td (rates, ) Tj ET Q q 0 0 0 rg BT 96.58 505.05 Td (as ) Tj ET Q q 0 0 0 rg BT 104.90 505.05 Td (higher ) Tj ET Q q 0 0 0 rg BT 126.99 505.05 Td (spending ) Tj ET Q q 0 0 0 rg BT 157.54 505.05 Td (for ) Tj ET Q q 0 0 0 rg BT 168.52 505.05 Td (more ) Tj ET Q q 0 0 0 rg BT 186.62 505.05 Td (original ) Tj ET Q q 0 0 0 rg BT 213.16 505.05 Td (local ) Tj ET Q q 0 0 0 rg BT 230.36 505.05 Td (content ) Tj ET Q q 0 0 0 rg BT 255.56 505.05 Td (in ) Tj ET Q q 0 0 0 rg BT 263.44 505.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 286.86 505.05 Td (markets ) Tj ET Q q 0 0 0 rg BT 313.84 505.05 Td (was ) Tj ET Q q 0 0 0 rg BT 327.94 505.05 Td (mostly ) Tj ET Q q 0 0 0 rg BT 351.38 505.05 Td (of) Tj ET Q q 0 0 0 rg BT 357.90 505.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 371.11 505.05 Td (by ) Tj ET Q q 0 0 0 rg BT 380.77 505.05 Td (savings ) Tj ET Q q 0 0 0 rg BT 406.42 505.05 Td (in ) Tj ET Q q 0 0 0 rg BT 414.30 505.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 439.06 505.05 Td (acquired ) Tj ET Q q 0 0 0 rg BT 468.26 505.05 Td (content. ) Tj ET Q q 0 0 0 rg BT 495.34 505.05 Td (The ) Tj ET Q q 0 0 0 rg BT 509.44 505.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 538.63 505.05 Td (in ) Tj ET Q q 0 0 0 rg BT 546.51 505.05 Td (costs ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 495.45 Td (overall ) Tj ET Q q 0 0 0 rg BT 73.71 495.45 Td (was ) Tj ET Q q 0 0 0 rg BT 88.15 495.45 Td (driven ) Tj ET Q q 0 0 0 rg BT 110.59 495.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 142.36 495.45 Td (by ) Tj ET Q q 0 0 0 rg BT 152.36 495.45 Td (savings ) Tj ET Q q 0 0 0 rg BT 178.36 495.45 Td (from ) Tj ET Q q 0 0 0 rg BT 195.91 495.45 Td (personnel ) Tj ET Q q 0 0 0 rg BT 229.01 495.45 Td (and ) Tj ET Q q 0 0 0 rg BT 242.56 495.45 Td (related ) Tj ET Q q 0 0 0 rg BT 266.32 495.45 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 299.20 495.45 Td (as ) Tj ET Q q 0 0 0 rg BT 307.87 495.45 Td (well ) Tj ET Q q 0 0 0 rg BT 323.64 495.45 Td (as ) Tj ET Q q 0 0 0 rg BT 332.30 495.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 352.52 495.45 Td (bad ) Tj ET Q q 0 0 0 rg BT 366.07 495.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 381.84 495.45 Td (char) Tj ET Q q 0 0 0 rg BT 395.46 495.45 Td (ges ) Tj ET Q q 0 0 0 rg BT 408.13 495.45 Td (and ) Tj ET Q q 0 0 0 rg BT 421.68 495.45 Td (transmission ) Tj ET Q q 0 0 0 rg BT 464.13 495.45 Td (fees. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 479.85 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.14 479.85 Td (focus ) Tj ET Q q 0 0 0 rg BT 83.67 479.85 Td (on ) Tj ET Q q 0 0 0 rg BT 93.87 479.85 Td (controlling ) Tj ET Q q 0 0 0 rg BT 131.18 479.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 149.38 479.85 Td (while ) Tj ET Q q 0 0 0 rg BT 169.36 479.85 Td (improving ) Tj ET Q q 0 0 0 rg BT 204.89 479.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 235.52 479.85 Td (led ) Tj ET Q q 0 0 0 rg BT 247.49 479.85 Td (to ) Tj ET Q q 0 0 0 rg BT 255.92 479.85 Td (another ) Tj ET Q q 0 0 0 rg BT 282.11 479.85 Td (year ) Tj ET Q q 0 0 0 rg BT 298.07 479.85 Td (of ) Tj ET Q q 0 0 0 rg BT 306.94 479.85 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 331.83 479.85 Td ( ) Tj ET Q q 0 0 0 rg BT 334.03 479.85 Td (mar) Tj ET Q q 0 0 0 rg BT 346.32 479.85 Td (gin ) Tj ET Q q 0 0 0 rg BT 358.75 479.85 Td (expansion, ) Tj ET Q q 0 0 0 rg BT 395.39 479.85 Td (which ) Tj ET Q q 0 0 0 rg BT 417.14 479.85 Td (increased ) Tj ET Q q 0 0 0 rg BT 449.54 479.85 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.97 479.85 Td (32%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.63 479.85 Td ( ) Tj ET Q q 0 0 0 rg BT 474.83 479.85 Td (in ) Tj ET Q q 0 0 0 rg BT 483.26 479.85 Td (2018 ) Tj ET Q q 0 0 0 rg BT 501.46 479.85 Td (from ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.21 479.85 Td (28%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.87 479.85 Td ( ) Tj ET Q q 0 0 0 rg BT 536.07 479.85 Td (in ) Tj ET Q q 0 0 0 rg BT 544.50 479.85 Td (2017. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 470.25 Td (This ) Tj ET Q q 0 0 0 rg BT 65.91 470.25 Td (dynamic ) Tj ET Q q 0 0 0 rg BT 95.63 470.25 Td (also ) Tj ET Q q 0 0 0 rg BT 110.70 470.25 Td (drove ) Tj ET Q q 0 0 0 rg BT 131.10 470.25 Td (an ) Tj ET Q q 0 0 0 rg BT 140.83 470.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 169.22 470.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.63 470.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 210.02 470.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 237.75 470.25 Td (with ) Tj ET Q q 0 0 0 rg BT 254.15 470.25 Td (a ) Tj ET Q q 0 0 0 rg BT 259.89 470.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 284.29 470.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 329.13 470.25 Td (in ) Tj ET Q q 0 0 0 rg BT 337.53 470.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 369.93 470.25 Td (mar) Tj ET Q q 0 0 0 rg BT 382.22 470.25 Td (gin. ) Tj ET Q q 0 0 0 rg BT 396.47 470.25 Td (W) Tj ET Q q 0 0 0 rg BT 403.38 470.25 Td (e ) Tj ET Q q 0 0 0 rg BT 409.11 470.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 432.17 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.12 470.25 Td (trend ) Tj ET Q q 0 0 0 rg BT 462.74 470.25 Td (of ) Tj ET Q q 0 0 0 rg BT 471.59 470.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 502.20 470.25 Td (growing ) Tj ET Q q 0 0 0 rg BT 531.05 470.25 Td (at ) Tj ET Q q 0 0 0 rg BT 539.01 470.25 Td (a ) Tj ET Q q 0 0 0 rg BT 544.74 470.25 Td (faster ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 460.65 Td (pace ) Tj ET Q q 0 0 0 rg BT 66.32 460.65 Td (than ) Tj ET Q q 0 0 0 rg BT 82.25 460.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 100.42 460.65 Td (will ) Tj ET Q q 0 0 0 rg BT 115.03 460.65 Td (continue ) Tj ET Q q 0 0 0 rg BT 144.74 460.65 Td (in ) Tj ET Q q 0 0 0 rg BT 153.13 460.65 Td (2019 ) Tj ET Q q 0 0 0 rg BT 171.29 460.65 Td (and ) Tj ET Q q 0 0 0 rg BT 185.00 460.65 Td (for ) Tj ET Q q 0 0 0 rg BT 196.50 460.65 Td (the ) Tj ET Q q 0 0 0 rg BT 208.43 460.65 Td (next ) Tj ET Q q 0 0 0 rg BT 224.37 460.65 Td (several ) Tj ET Q q 0 0 0 rg BT 249.19 460.65 Td (years, ) Tj ET Q q 0 0 0 rg BT 270.23 460.65 Td (leading ) Tj ET Q q 0 0 0 rg BT 295.94 460.65 Td (to ) Tj ET Q q 0 0 0 rg BT 304.33 460.65 Td (further ) Tj ET Q q 0 0 0 rg BT 328.26 460.65 Td (mar) Tj ET Q q 0 0 0 rg BT 340.55 460.65 Td (gin ) Tj ET Q q 0 0 0 rg BT 352.94 460.65 Td (expansion ) Tj ET Q q 0 0 0 rg BT 387.54 460.65 Td (year ) Tj ET Q q 0 0 0 rg BT 403.47 460.65 Td (on ) Tj ET Q q 0 0 0 rg BT 413.63 460.65 Td (year ) Tj ET Q q 0 0 0 rg BT 429.56 460.65 Td (although ) Tj ET Q q 0 0 0 rg BT 459.72 460.65 Td (trends ) Tj ET Q q 0 0 0 rg BT 481.44 460.65 Td (may ) Tj ET Q q 0 0 0 rg BT 497.38 460.65 Td (vary ) Tj ET Q q 0 0 0 rg BT 513.75 460.65 Td (from ) Tj ET Q q 0 0 0 rg BT 531.47 460.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 556.29 460.65 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 451.05 Td (quarter) Tj ET Q q 0 0 0 rg BT 71.71 451.05 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 435.45 Td (The ) Tj ET Q q 0 0 0 rg BT 64.08 435.45 Td (fall ) Tj ET Q q 0 0 0 rg BT 76.88 435.45 Td (season ) Tj ET Q q 0 0 0 rg BT 100.34 435.45 Td (concluded ) Tj ET Q q 0 0 0 rg BT 135.36 435.45 Td (during ) Tj ET Q q 0 0 0 rg BT 158.39 435.45 Td (the ) Tj ET Q q 0 0 0 rg BT 170.30 435.45 Td (fourth ) Tj ET Q q 0 0 0 rg BT 191.99 435.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 216.78 435.45 Td (and ) Tj ET Q q 0 0 0 rg BT 230.47 435.45 Td (we ) Tj ET Q q 0 0 0 rg BT 241.94 435.45 Td (remained ) Tj ET Q q 0 0 0 rg BT 273.84 435.45 Td (audience ) Tj ET Q q 0 0 0 rg BT 304.41 435.45 Td (share ) Tj ET Q q 0 0 0 rg BT 323.42 435.45 Td (leaders ) Tj ET Q q 0 0 0 rg BT 348.22 435.45 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.24 435.45 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.24 435.45 Td ( ) Tj ET Q q 0 0 0 rg BT 389.38 435.45 Td (in ) Tj ET Q q 0 0 0 rg BT 397.75 435.45 Td (all ) Tj ET Q q 0 0 0 rg BT 407.88 435.45 Td (of ) Tj ET Q q 0 0 0 rg BT 416.68 435.45 Td (the ) Tj ET Q q 0 0 0 rg BT 428.60 435.45 Td (countries ) Tj ET Q q 0 0 0 rg BT 460.06 435.45 Td (in ) Tj ET Q q 0 0 0 rg BT 468.42 435.45 Td (which ) Tj ET Q q 0 0 0 rg BT 490.11 435.45 Td (we ) Tj ET Q q 0 0 0 rg BT 501.58 435.45 Td (operate, ) Tj ET Q q 0 0 0 rg BT 529.26 435.45 Td (making ) Tj ET Q q 0 0 0 rg BT 555.40 435.45 Td (us ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 425.85 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 425.85 Td (best ) Tj ET Q q 0 0 0 rg BT 76.16 425.85 Td (partner ) Tj ET Q q 0 0 0 rg BT 100.81 425.85 Td (for ) Tj ET Q q 0 0 0 rg BT 112.14 425.85 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 148.79 425.85 Td (in ) Tj ET Q q 0 0 0 rg BT 157.02 425.85 Td (those ) Tj ET Q q 0 0 0 rg BT 175.90 425.85 Td (territories. ) Tj ET Q q 0 0 0 rg BT 210.86 425.85 Td (W) Tj ET Q q 0 0 0 rg BT 217.77 425.85 Td (e ) Tj ET Q q 0 0 0 rg BT 223.32 425.85 Td (believe ) Tj ET Q q 0 0 0 rg BT 248.41 425.85 Td (television ) Tj ET Q q 0 0 0 rg BT 281.52 425.85 Td (continues ) Tj ET Q q 0 0 0 rg BT 314.18 425.85 Td (to ) Tj ET Q q 0 0 0 rg BT 322.40 425.85 Td (provide ) Tj ET Q q 0 0 0 rg BT 348.84 425.85 Td (the ) Tj ET Q q 0 0 0 rg BT 360.61 425.85 Td (most ) Tj ET Q q 0 0 0 rg BT 378.17 425.85 Td (ef) Tj ET Q q 0 0 0 rg BT 384.24 425.85 Td (ficient ) Tj ET Q q 0 0 0 rg BT 406.68 425.85 Td (medium ) Tj ET Q q 0 0 0 rg BT 434.89 425.85 Td (to ) Tj ET Q q 0 0 0 rg BT 443.12 425.85 Td (reach ) Tj ET Q q 0 0 0 rg BT 462.43 425.85 Td (consumers ) Tj ET Q q 0 0 0 rg BT 498.65 425.85 Td (in ) Tj ET Q q 0 0 0 rg BT 506.87 425.85 Td (our ) Tj ET Q q 0 0 0 rg BT 519.54 425.85 Td (markets.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 410.25 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 410.25 Td (e ) Tj ET Q q 0 0 0 rg BT 62.08 410.25 Td (repaid ) Tj ET Q q 0 0 0 rg BT 84.18 410.25 Td (US$ ) Tj ET Q q 0 0 0 rg BT 100.52 410.25 Td (312.0 ) Tj ET Q q 0 0 0 rg BT 120.64 410.25 Td (million ) Tj ET Q q 0 0 0 rg BT 145.87 410.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.65 410.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 170.54 410.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.21 410.25 Td (related ) Tj ET Q q 0 0 0 rg BT 208.08 410.25 Td (payables ) Tj ET Q q 0 0 0 rg BT 238.19 410.25 Td (in ) Tj ET Q q 0 0 0 rg BT 246.53 410.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 264.64 410.25 Td (using ) Tj ET Q q 0 0 0 rg BT 284.10 410.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 300.43 410.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 333.63 410.25 Td (by ) Tj ET Q q 0 0 0 rg BT 343.75 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.64 410.25 Td (business ) Tj ET Q q 0 0 0 rg BT 384.87 410.25 Td (as ) Tj ET Q q 0 0 0 rg BT 393.65 410.25 Td (well ) Tj ET Q q 0 0 0 rg BT 409.54 410.25 Td (as ) Tj ET Q q 0 0 0 rg BT 418.32 410.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 448.87 410.25 Td (from ) Tj ET Q q 0 0 0 rg BT 466.53 410.25 Td (warrant ) Tj ET Q q 0 0 0 rg BT 493.08 410.25 Td (exercises ) Tj ET Q q 0 0 0 rg BT 524.51 410.25 Td (and ) Tj ET Q q 0 0 0 rg BT 538.18 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 550.07 410.25 Td (sale ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 400.65 Td (of ) Tj ET Q q 0 0 0 rg BT 58.28 400.65 Td (our ) Tj ET Q q 0 0 0 rg BT 71.07 400.65 Td (operations ) Tj ET Q q 0 0 0 rg BT 106.51 400.65 Td (in ) Tj ET Q q 0 0 0 rg BT 114.85 400.65 Td (Croatia. ) Tj ET Q q 0 0 0 rg BT 142.36 400.65 Td (T) Tj ET Q q 0 0 0 rg BT 146.69 400.65 Td (ogether ) Tj ET Q q 0 0 0 rg BT 172.80 400.65 Td (with ) Tj ET Q q 0 0 0 rg BT 189.14 400.65 Td (the ) Tj ET Q q 0 0 0 rg BT 201.03 400.65 Td (increased ) Tj ET Q q 0 0 0 rg BT 233.36 400.65 Td (profitability ) Tj ET Q q 0 0 0 rg BT 273.69 400.65 Td (of ) Tj ET Q q 0 0 0 rg BT 282.47 400.65 Td (our ) Tj ET Q q 0 0 0 rg BT 295.26 400.65 Td (operations, ) Tj ET Q q 0 0 0 rg BT 332.70 400.65 Td (this ) Tj ET Q q 0 0 0 rg BT 346.38 400.65 Td (resulted ) Tj ET Q q 0 0 0 rg BT 373.82 400.65 Td (in ) Tj ET Q q 0 0 0 rg BT 382.16 400.65 Td (a ) Tj ET Q q 0 0 0 rg BT 387.83 400.65 Td (net ) Tj ET Q q 0 0 0 rg BT 399.73 400.65 Td (leverage ) Tj ET Q q 0 0 0 rg BT 428.93 400.65 Td (ratio ) Tj ET Q q 0 0 0 rg BT 445.71 400.65 Td (of ) Tj ET Q q 0 0 0 rg BT 454.50 400.65 Td (3.5x ) Tj ET Q q 0 0 0 rg BT 470.62 400.65 Td (at ) Tj ET Q q 0 0 0 rg BT 478.51 400.65 Td (the ) Tj ET Q q 0 0 0 rg BT 490.40 400.65 Td (end ) Tj ET Q q 0 0 0 rg BT 504.07 400.65 Td (of ) Tj ET Q q 0 0 0 rg BT 512.85 400.65 Td (2018 ) Tj ET Q q 0 0 0 rg BT 530.97 400.65 Td (compared ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 391.05 Td (to ) Tj ET Q q 0 0 0 rg BT 57.55 391.05 Td (5.4x ) Tj ET Q q 0 0 0 rg BT 73.37 391.05 Td (at ) Tj ET Q q 0 0 0 rg BT 80.97 391.05 Td (the ) Tj ET Q q 0 0 0 rg BT 92.57 391.05 Td (end ) Tj ET Q q 0 0 0 rg BT 105.94 391.05 Td (of ) Tj ET Q q 0 0 0 rg BT 114.43 391.05 Td (2017. ) Tj ET Q q 0 0 0 rg BT 134.25 391.05 Td (Following ) Tj ET Q q 0 0 0 rg BT 168.97 391.05 Td (the ) Tj ET Q q 0 0 0 rg BT 180.57 391.05 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 218.82 391.05 Td (transaction ) Tj ET Q q 0 0 0 rg BT 255.74 391.05 Td (in ) Tj ET Q q 0 0 0 rg BT 263.39 391.05 Td (April ) Tj ET Q q 0 0 0 rg BT 282.10 391.05 Td (2018, ) Tj ET Q q 0 0 0 rg BT 301.92 391.05 Td (our ) Tj ET Q q 0 0 0 rg BT 314.41 391.05 Td (weighted ) Tj ET Q q 0 0 0 rg BT 345.56 391.05 Td (average ) Tj ET Q q 0 0 0 rg BT 372.25 391.05 Td (cost ) Tj ET Q q 0 0 0 rg BT 386.96 391.05 Td (of ) Tj ET Q q 0 0 0 rg BT 395.45 391.05 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 430.60 391.05 Td (is ) Tj ET Q q 0 0 0 rg BT 437.76 391.05 Td (now ) Tj ET Q q 0 0 0 rg BT 453.36 391.05 Td (3.5% ) Tj ET Q q 0 0 0 rg BT 471.85 391.05 Td (compared ) Tj ET Q q 0 0 0 rg BT 505.21 391.05 Td (to ) Tj ET Q q 0 0 0 rg BT 513.26 391.05 Td (6.0% ) Tj ET Q q 0 0 0 rg BT 531.75 391.05 Td (at ) Tj ET Q q 0 0 0 rg BT 539.35 391.05 Td (the ) Tj ET Q q 0 0 0 rg BT 550.94 391.05 Td (end ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 381.45 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 381.45 Td (2017.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 365.85 Td (On ) Tj ET Q q 0 0 0 rg BT 61.41 365.85 Td (January ) Tj ET Q q 0 0 0 rg BT 88.42 365.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 100.55 365.85 Td (2019, ) Tj ET Q q 0 0 0 rg BT 120.69 365.85 Td (we ) Tj ET Q q 0 0 0 rg BT 132.15 365.85 Td (utilized ) Tj ET Q q 0 0 0 rg BT 158.27 365.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 174.62 365.85 Td (generated ) Tj ET Q q 0 0 0 rg BT 207.84 365.85 Td (by ) Tj ET Q q 0 0 0 rg BT 217.98 365.85 Td (the ) Tj ET Q q 0 0 0 rg BT 229.88 365.85 Td (business ) Tj ET Q q 0 0 0 rg BT 259.13 365.85 Td (to ) Tj ET Q q 0 0 0 rg BT 267.48 365.85 Td (repay ) Tj ET Q q 0 0 0 rg BT 287.38 365.85 Td (an ) Tj ET Q q 0 0 0 rg BT 297.07 365.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 331.19 365.85 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.32 365.85 Td (60.0 ) Tj ET Q q 0 0 0 rg BT 365.46 365.85 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.57 365.85 Td ( ) Tj ET Q q 0 0 0 rg BT 390.70 365.85 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 441.71 365.85 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.07 365.85 Td (68.9 ) Tj ET Q q 0 0 0 rg BT 474.20 365.85 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.31 365.85 Td ( ) Tj ET Q q 0 0 0 rg BT 499.45 365.85 Td (at ) Tj ET Q q 0 0 0 rg BT 507.35 365.85 Td (January ) Tj ET Q q 0 0 0 rg BT 534.36 365.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 546.50 365.85 Td (2019 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 68.84 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 77.09 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.44 356.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 127.35 356.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 157.36 356.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 183.37 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.61 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.96 356.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 220.54 356.25 Td (Euro ) Tj ET Q q 0 0 0 rg BT 237.67 356.25 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 257.58 356.25 Td (There ) Tj ET Q q 0 0 0 rg BT 277.81 356.25 Td (is ) Tj ET Q q 0 0 0 rg BT 284.72 356.25 Td (now ) Tj ET Q q 0 0 0 rg BT 300.08 356.25 Td (EUR ) Tj ET Q q 0 0 0 rg BT 317.66 356.25 Td (150.3 ) Tj ET Q q 0 0 0 rg BT 337.24 356.25 Td (million ) Tj ET Q q 0 0 0 rg BT 361.93 356.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 400.84 356.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 430.85 356.25 Td (on ) Tj ET Q q 0 0 0 rg BT 440.43 356.25 Td (our ) Tj ET Q q 0 0 0 rg BT 452.68 356.25 Td (nearest ) Tj ET Q q 0 0 0 rg BT 476.91 356.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 492.26 356.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 520.94 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 528.75 356.25 Td (November ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 346.65 Td (2021. ) Tj ET Q q 0 0 0 rg BT 69.48 346.65 Td (Unlevered ) Tj ET Q q 0 0 0 rg BT 104.79 346.65 Td (free ) Tj ET Q q 0 0 0 rg BT 119.20 346.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 135.40 346.65 Td (flow ) Tj ET Q q 0 0 0 rg BT 152.05 346.65 Td (was ) Tj ET Q q 0 0 0 rg BT 166.47 346.65 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.68 346.65 Td (156.0 ) Tj ET Q q 0 0 0 rg BT 202.67 346.65 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.78 346.65 Td ( ) Tj ET Q q 0 0 0 rg BT 227.77 346.65 Td (in ) Tj ET Q q 0 0 0 rg BT 235.97 346.65 Td (2018, ) Tj ET Q q 0 0 0 rg BT 255.96 346.65 Td (and ) Tj ET Q q 0 0 0 rg BT 269.49 346.65 Td (the ) Tj ET Q q 0 0 0 rg BT 281.25 346.65 Td (annual ) Tj ET Q q 0 0 0 rg BT 304.56 346.65 Td (run-rate ) Tj ET Q q 0 0 0 rg BT 331.86 346.65 Td (of ) Tj ET Q q 0 0 0 rg BT 340.51 346.65 Td (our ) Tj ET Q q 0 0 0 rg BT 353.16 346.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 369.36 346.65 Td (debt ) Tj ET Q q 0 0 0 rg BT 385.11 346.65 Td (service ) Tj ET Q q 0 0 0 rg BT 409.75 346.65 Td (obligations ) Tj ET Q q 0 0 0 rg BT 447.29 346.65 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 484.82 346.65 Td (to ) Tj ET Q q 0 0 0 rg BT 493.03 346.65 Td (the ) Tj ET Q q 0 0 0 rg BT 504.79 346.65 Td (debt ) Tj ET Q q 0 0 0 rg BT 520.55 346.65 Td (repayment ) Tj ET Q q 0 0 0 rg BT 556.29 346.65 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 337.05 Td (January ) Tj ET Q q 0 0 0 rg BT 75.86 337.05 Td (2019 ) Tj ET Q q 0 0 0 rg BT 93.33 337.05 Td (is ) Tj ET Q q 0 0 0 rg BT 100.15 337.05 Td (approximately ) Tj ET Q q 0 0 0 rg BT 147.83 337.05 Td (US$ ) Tj ET Q q 0 0 0 rg BT 163.54 337.05 Td (26.5 ) Tj ET Q q 0 0 0 rg BT 179.01 337.05 Td (million. ) Tj ET Q q 0 0 0 rg BT 205.28 337.05 Td (As ) Tj ET Q q 0 0 0 rg BT 215.65 337.05 Td (profitability ) Tj ET Q q 0 0 0 rg BT 255.34 337.05 Td (of ) Tj ET Q q 0 0 0 rg BT 263.48 337.05 Td (the ) Tj ET Q q 0 0 0 rg BT 274.73 337.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 309.53 337.05 Td (continues ) Tj ET Q q 0 0 0 rg BT 341.67 337.05 Td (to ) Tj ET Q q 0 0 0 rg BT 349.37 337.05 Td (increase, ) Tj ET Q q 0 0 0 rg BT 379.05 337.05 Td (the ) Tj ET Q q 0 0 0 rg BT 390.30 337.05 Td (resulting ) Tj ET Q q 0 0 0 rg BT 419.78 337.05 Td (uplift ) Tj ET Q q 0 0 0 rg BT 438.59 337.05 Td (in ) Tj ET Q q 0 0 0 rg BT 446.29 337.05 Td (free ) Tj ET Q q 0 0 0 rg BT 460.19 337.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 475.89 337.05 Td (flow ) Tj ET Q q 0 0 0 rg BT 492.03 337.05 Td (generation ) Tj ET Q q 0 0 0 rg BT 527.27 337.05 Td (is ) Tj ET Q q 0 0 0 rg BT 534.08 337.05 Td (expected ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 327.45 Td (to ) Tj ET Q q 0 0 0 rg BT 57.72 327.45 Td (provide ) Tj ET Q q 0 0 0 rg BT 84.16 327.45 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 123.03 327.45 Td (for ) Tj ET Q q 0 0 0 rg BT 134.36 327.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 157.68 327.45 Td (allocation ) Tj ET Q q 0 0 0 rg BT 191.22 327.45 Td (beyond ) Tj ET Q q 0 0 0 rg BT 216.77 327.45 Td (deleveraging.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 311.85 Td (Looking ) Tj ET Q q 0 0 0 rg BT 79.04 311.85 Td (ahead, ) Tj ET Q q 0 0 0 rg BT 102.13 311.85 Td (while ) Tj ET Q q 0 0 0 rg BT 122.33 311.85 Td (analysts ) Tj ET Q q 0 0 0 rg BT 150.54 311.85 Td (forecast ) Tj ET Q q 0 0 0 rg BT 178.28 311.85 Td (that ) Tj ET Q q 0 0 0 rg BT 192.71 311.85 Td (GDP) Tj ET Q q 0 0 0 rg BT 208.42 311.85 Td ( ) Tj ET Q q 0 0 0 rg BT 210.85 311.85 Td (growth ) Tj ET Q q 0 0 0 rg BT 235.95 311.85 Td (will ) Tj ET Q q 0 0 0 rg BT 250.82 311.85 Td (be ) Tj ET Q q 0 0 0 rg BT 260.80 311.85 Td (lower ) Tj ET Q q 0 0 0 rg BT 281.45 311.85 Td (in ) Tj ET Q q 0 0 0 rg BT 290.11 311.85 Td (2019 ) Tj ET Q q 0 0 0 rg BT 308.54 311.85 Td (than ) Tj ET Q q 0 0 0 rg BT 324.74 311.85 Td (it ) Tj ET Q q 0 0 0 rg BT 331.62 311.85 Td (was ) Tj ET Q q 0 0 0 rg BT 346.49 311.85 Td (in ) Tj ET Q q 0 0 0 rg BT 355.15 311.85 Td (2018, ) Tj ET Q q 0 0 0 rg BT 375.58 311.85 Td (the ) Tj ET Q q 0 0 0 rg BT 387.78 311.85 Td (consensus ) Tj ET Q q 0 0 0 rg BT 422.66 311.85 Td (estimate ) Tj ET Q q 0 0 0 rg BT 451.74 311.85 Td (for ) Tj ET Q q 0 0 0 rg BT 463.50 311.85 Td (average ) Tj ET Q q 0 0 0 rg BT 490.80 311.85 Td (growth ) Tj ET Q q 0 0 0 rg BT 515.90 311.85 Td (of ) Tj ET Q q 0 0 0 rg BT 524.99 311.85 Td (3.4% ) Tj ET Q q 0 0 0 rg BT 544.09 311.85 Td (in ) Tj ET Q q 0 0 0 rg BT 552.74 311.85 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 302.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 79.95 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 87.30 302.25 Td (which ) Tj ET Q q 0 0 0 rg BT 107.98 302.25 Td (we ) Tj ET Q q 0 0 0 rg BT 118.44 302.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 143.11 302.25 Td (again ) Tj ET Q q 0 0 0 rg BT 161.56 302.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 188.01 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.91 302.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 212.03 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.82 302.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 243.61 302.25 Td (forecast ) Tj ET Q q 0 0 0 rg BT 270.06 302.25 Td (for ) Tj ET Q q 0 0 0 rg BT 280.43 302.25 Td (W) Tj ET Q q 0 0 0 rg BT 287.34 302.25 Td (estern ) Tj ET Q q 0 0 0 rg BT 307.57 302.25 Td (Europe ) Tj ET Q q 0 0 0 rg BT 331.81 302.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.48 302.25 Td (developed ) Tj ET Q q 0 0 0 rg BT 378.49 302.25 Td (markets. ) Tj ET Q q 0 0 0 rg BT 406.86 302.25 Td (W) Tj ET Q q 0 0 0 rg BT 413.77 302.25 Td (e ) Tj ET Q q 0 0 0 rg BT 418.45 302.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 442.68 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.58 302.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 477.37 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.72 302.25 Td (real ) Tj ET Q q 0 0 0 rg BT 497.84 302.25 Td (private ) Tj ET Q q 0 0 0 rg BT 521.18 302.25 Td (consumption ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 292.65 Td (forecast ) Tj ET Q q 0 0 0 rg BT 76.82 292.65 Td (for ) Tj ET Q q 0 0 0 rg BT 88.14 292.65 Td (2019 ) Tj ET Q q 0 0 0 rg BT 106.14 292.65 Td (will ) Tj ET Q q 0 0 0 rg BT 120.59 292.65 Td (sustain ) Tj ET Q q 0 0 0 rg BT 144.81 292.65 Td (growth ) Tj ET Q q 0 0 0 rg BT 169.48 292.65 Td (in ) Tj ET Q q 0 0 0 rg BT 177.70 292.65 Td (the ) Tj ET Q q 0 0 0 rg BT 189.47 292.65 Td (television ) Tj ET Q q 0 0 0 rg BT 222.58 292.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 260.13 292.65 Td (markets.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 277.05 Td (T) Tj ET Q q 0 0 0 rg BT 53.83 277.05 Td (elevision ) Tj ET Q q 0 0 0 rg BT 85.38 277.05 Td (continues ) Tj ET Q q 0 0 0 rg BT 118.72 277.05 Td (to ) Tj ET Q q 0 0 0 rg BT 127.61 277.05 Td (be ) Tj ET Q q 0 0 0 rg BT 137.84 277.05 Td (the ) Tj ET Q q 0 0 0 rg BT 150.28 277.05 Td (strongest ) Tj ET Q q 0 0 0 rg BT 181.84 277.05 Td (medium ) Tj ET Q q 0 0 0 rg BT 210.73 277.05 Td (for ) Tj ET Q q 0 0 0 rg BT 222.73 277.05 Td (advertising ) Tj ET Q q 0 0 0 rg BT 260.95 277.05 Td (in ) Tj ET Q q 0 0 0 rg BT 269.85 277.05 Td (our ) Tj ET Q q 0 0 0 rg BT 283.19 277.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 316.07 277.05 Td (countries, ) Tj ET Q q 0 0 0 rg BT 350.07 277.05 Td (and ) Tj ET Q q 0 0 0 rg BT 364.29 277.05 Td (the ) Tj ET Q q 0 0 0 rg BT 376.74 277.05 Td (positive ) Tj ET Q q 0 0 0 rg BT 404.74 277.05 Td (economic ) Tj ET Q q 0 0 0 rg BT 438.51 277.05 Td (outlook ) Tj ET Q q 0 0 0 rg BT 465.63 277.05 Td (remains ) Tj ET Q q 0 0 0 rg BT 493.63 277.05 Td (the ) Tj ET Q q 0 0 0 rg BT 506.07 277.05 Td (primary ) Tj ET Q q 0 0 0 rg BT 534.07 277.05 Td (driver ) Tj ET Q q 0 0 0 rg BT 555.85 277.05 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 267.45 Td (advertiser ) Tj ET Q q 0 0 0 rg BT 82.98 267.45 Td (demand. ) Tj ET Q q 0 0 0 rg BT 112.11 267.45 Td (W) Tj ET Q q 0 0 0 rg BT 119.02 267.45 Td (e ) Tj ET Q q 0 0 0 rg BT 124.52 267.45 Td (have ) Tj ET Q q 0 0 0 rg BT 141.56 267.45 Td (introduced ) Tj ET Q q 0 0 0 rg BT 177.72 267.45 Td (higher ) Tj ET Q q 0 0 0 rg BT 200.10 267.45 Td (list ) Tj ET Q q 0 0 0 rg BT 211.83 267.45 Td (prices ) Tj ET Q q 0 0 0 rg BT 232.87 267.45 Td (in ) Tj ET Q q 0 0 0 rg BT 241.04 267.45 Td (our ) Tj ET Q q 0 0 0 rg BT 253.65 267.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 271.14 267.45 Td (policies ) Tj ET Q q 0 0 0 rg BT 297.97 267.45 Td (for ) Tj ET Q q 0 0 0 rg BT 309.24 267.45 Td (all ) Tj ET Q q 0 0 0 rg BT 319.18 267.45 Td (of ) Tj ET Q q 0 0 0 rg BT 327.79 267.45 Td (our ) Tj ET Q q 0 0 0 rg BT 340.40 267.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 372.55 267.45 Td (countries ) Tj ET Q q 0 0 0 rg BT 403.82 267.45 Td (for ) Tj ET Q q 0 0 0 rg BT 415.09 267.45 Td (2019. ) Tj ET Q q 0 0 0 rg BT 434.61 267.45 Td (A) Tj ET Q q 0 0 0 rg BT 439.79 267.45 Td (verage ) Tj ET Q q 0 0 0 rg BT 463.05 267.45 Td (realized ) Tj ET Q q 0 0 0 rg BT 490.31 267.45 Td (prices ) Tj ET Q q 0 0 0 rg BT 511.36 267.45 Td (for ) Tj ET Q q 0 0 0 rg BT 522.63 267.45 Td (the ) Tj ET Q q 0 0 0 rg BT 534.35 267.45 Td (year ) Tj ET Q q 0 0 0 rg BT 550.06 267.45 Td (will ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 257.85 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 83.82 257.85 Td (depend ) Tj ET Q q 0 0 0 rg BT 108.81 257.85 Td (on ) Tj ET Q q 0 0 0 rg BT 118.69 257.85 Td (a ) Tj ET Q q 0 0 0 rg BT 124.13 257.85 Td (number ) Tj ET Q q 0 0 0 rg BT 150.45 257.85 Td (of ) Tj ET Q q 0 0 0 rg BT 159.00 257.85 Td (factors, ) Tj ET Q q 0 0 0 rg BT 184.65 257.85 Td (including ) Tj ET Q q 0 0 0 rg BT 216.75 257.85 Td (the ) Tj ET Q q 0 0 0 rg BT 228.41 257.85 Td (timing ) Tj ET Q q 0 0 0 rg BT 251.19 257.85 Td (of ) Tj ET Q q 0 0 0 rg BT 259.74 257.85 Td (commitments ) Tj ET Q q 0 0 0 rg BT 305.17 257.85 Td (made ) Tj ET Q q 0 0 0 rg BT 324.38 257.85 Td (for ) Tj ET Q q 0 0 0 rg BT 335.59 257.85 Td (spending ) Tj ET Q q 0 0 0 rg BT 366.37 257.85 Td (in ) Tj ET Q q 0 0 0 rg BT 374.47 257.85 Td (2019, ) Tj ET Q q 0 0 0 rg BT 394.36 257.85 Td (the ) Tj ET Q q 0 0 0 rg BT 406.02 257.85 Td (portion ) Tj ET Q q 0 0 0 rg BT 431.01 257.85 Td (of ) Tj ET Q q 0 0 0 rg BT 439.56 257.85 Td (those ) Tj ET Q q 0 0 0 rg BT 458.33 257.85 Td (commitments ) Tj ET Q q 0 0 0 rg BT 503.77 257.85 Td (that ) Tj ET Q q 0 0 0 rg BT 517.65 257.85 Td (is ) Tj ET Q q 0 0 0 rg BT 524.87 257.85 Td (prepaid, ) Tj ET Q q 0 0 0 rg BT 552.74 257.85 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 75.50 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.16 248.25 Td (those ) Tj ET Q q 0 0 0 rg BT 103.05 248.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 148.60 248.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 174.58 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 182.80 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.58 248.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 224.13 248.25 Td (year) Tj ET Q q 0 0 0 rg BT 237.57 248.25 Td (, ) Tj ET Q q 0 0 0 rg BT 241.57 248.25 Td (as ) Tj ET Q q 0 0 0 rg BT 250.24 248.25 Td (well ) Tj ET Q q 0 0 0 rg BT 266.01 248.25 Td (as ) Tj ET Q q 0 0 0 rg BT 274.68 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.45 248.25 Td (daypart ) Tj ET Q q 0 0 0 rg BT 312.44 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.99 248.25 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 363.54 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.20 248.25 Td (advertisements ) Tj ET Q q 0 0 0 rg BT 422.18 248.25 Td (actually ) Tj ET Q q 0 0 0 rg BT 449.50 248.25 Td (placed.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 232.65 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 232.65 Td (e ) Tj ET Q q 0 0 0 rg BT 61.45 232.65 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 94.03 232.65 Td (the ) Tj ET Q q 0 0 0 rg BT 105.29 232.65 Td (expected ) Tj ET Q q 0 0 0 rg BT 135.20 232.65 Td (improvement ) Tj ET Q q 0 0 0 rg BT 179.34 232.65 Td (in ) Tj ET Q q 0 0 0 rg BT 187.05 232.65 Td (our ) Tj ET Q q 0 0 0 rg BT 199.20 232.65 Td (television ) Tj ET Q q 0 0 0 rg BT 231.79 232.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 268.83 232.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 298.74 232.65 Td (will ) Tj ET Q q 0 0 0 rg BT 312.67 232.65 Td (be ) Tj ET Q q 0 0 0 rg BT 321.71 232.65 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 367.63 232.65 Td (by ) Tj ET Q q 0 0 0 rg BT 377.12 232.65 Td (a ) Tj ET Q q 0 0 0 rg BT 382.15 232.65 Td (higher ) Tj ET Q q 0 0 0 rg BT 404.08 232.65 Td (proportion ) Tj ET Q q 0 0 0 rg BT 439.34 232.65 Td (of ) Tj ET Q q 0 0 0 rg BT 447.49 232.65 Td (income ) Tj ET Q q 0 0 0 rg BT 472.52 232.65 Td (from ) Tj ET Q q 0 0 0 rg BT 489.56 232.65 Td (other ) Tj ET Q q 0 0 0 rg BT 507.48 232.65 Td (sources. ) Tj ET Q q 0 0 0 rg BT 534.96 232.65 Td (Carriage ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 223.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 65.04 223.05 Td (and ) Tj ET Q q 0 0 0 rg BT 79.26 223.05 Td (subscription ) Tj ET Q q 0 0 0 rg BT 121.03 223.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 152.13 223.05 Td (should ) Tj ET Q q 0 0 0 rg BT 176.13 223.05 Td (continue ) Tj ET Q q 0 0 0 rg BT 206.34 223.05 Td (to ) Tj ET Q q 0 0 0 rg BT 215.23 223.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 244.10 223.05 Td (from ) Tj ET Q q 0 0 0 rg BT 262.31 223.05 Td (higher ) Tj ET Q q 0 0 0 rg BT 285.42 223.05 Td (prices, ) Tj ET Q q 0 0 0 rg BT 309.18 223.05 Td (as ) Tj ET Q q 0 0 0 rg BT 318.51 223.05 Td (well ) Tj ET Q q 0 0 0 rg BT 334.95 223.05 Td (as ) Tj ET Q q 0 0 0 rg BT 344.28 223.05 Td (increases ) Tj ET Q q 0 0 0 rg BT 376.26 223.05 Td (in ) Tj ET Q q 0 0 0 rg BT 385.15 223.05 Td (the ) Tj ET Q q 0 0 0 rg BT 397.59 223.05 Td (number ) Tj ET Q q 0 0 0 rg BT 424.69 223.05 Td (of ) Tj ET Q q 0 0 0 rg BT 434.02 223.05 Td (subscribers ) Tj ET Q q 0 0 0 rg BT 472.68 223.05 Td (to ) Tj ET Q q 0 0 0 rg BT 481.56 223.05 Td (cable, ) Tj ET Q q 0 0 0 rg BT 503.10 223.05 Td (satellite ) Tj ET Q q 0 0 0 rg BT 530.65 223.05 Td (and ) Tj ET Q q 0 0 0 rg BT 544.86 223.05 Td (IPTV) Tj ET Q q 0 0 0 rg BT 562.50 223.05 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 213.45 Td (platforms. ) Tj ET Q q 0 0 0 rg BT 84.20 213.45 Td (The ) Tj ET Q q 0 0 0 rg BT 98.84 213.45 Td (relaunch ) Tj ET Q q 0 0 0 rg BT 128.58 213.45 Td (of ) Tj ET Q q 0 0 0 rg BT 137.45 213.45 Td (our ) Tj ET Q q 0 0 0 rg BT 150.32 213.45 Td (advertising ) Tj ET Q q 0 0 0 rg BT 188.07 213.45 Td (based ) Tj ET Q q 0 0 0 rg BT 208.48 213.45 Td (video ) Tj ET Q q 0 0 0 rg BT 228.46 213.45 Td (on ) Tj ET Q q 0 0 0 rg BT 238.66 213.45 Td (demand ) Tj ET Q q 0 0 0 rg BT 266.19 213.45 Td (\("A) Tj ET Q q 0 0 0 rg BT 276.86 213.45 Td (VOD"\) ) Tj ET Q q 0 0 0 rg BT 302.33 213.45 Td (platforms ) Tj ET Q q 0 0 0 rg BT 335.19 213.45 Td (with ) Tj ET Q q 0 0 0 rg BT 351.61 213.45 Td (improved ) Tj ET Q q 0 0 0 rg BT 384.48 213.45 Td (content ) Tj ET Q q 0 0 0 rg BT 410.22 213.45 Td (and ) Tj ET Q q 0 0 0 rg BT 423.98 213.45 Td (technology ) Tj ET Q q 0 0 0 rg BT 461.73 213.45 Td (during ) Tj ET Q q 0 0 0 rg BT 484.82 213.45 Td (2018 ) Tj ET Q q 0 0 0 rg BT 503.02 213.45 Td (is ) Tj ET Q q 0 0 0 rg BT 510.56 213.45 Td (also ) Tj ET Q q 0 0 0 rg BT 525.64 213.45 Td (expected ) Tj ET Q q 0 0 0 rg BT 556.27 213.45 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 203.85 Td (increase ) Tj ET Q q 0 0 0 rg BT 77.70 203.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 105.02 203.85 Td (from ) Tj ET Q q 0 0 0 rg BT 122.57 203.85 Td (online ) Tj ET Q q 0 0 0 rg BT 144.57 203.85 Td (advertising ) Tj ET Q q 0 0 0 rg BT 182.11 203.85 Td (in ) Tj ET Q q 0 0 0 rg BT 190.34 203.85 Td (future ) Tj ET Q q 0 0 0 rg BT 211.44 203.85 Td (periods.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 188.25 Td (There ) Tj ET Q q 0 0 0 rg BT 69.78 188.25 Td (is ) Tj ET Q q 0 0 0 rg BT 76.75 188.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 108.59 188.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 148.43 188.25 Td (for ) Tj ET Q q 0 0 0 rg BT 159.39 188.25 Td (audience ) Tj ET Q q 0 0 0 rg BT 189.45 188.25 Td (share ) Tj ET Q q 0 0 0 rg BT 207.96 188.25 Td (in ) Tj ET Q q 0 0 0 rg BT 215.82 188.25 Td (all ) Tj ET Q q 0 0 0 rg BT 225.44 188.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 254.40 188.25 Td (so ) Tj ET Q q 0 0 0 rg BT 263.15 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.55 188.25 Td (production ) Tj ET Q q 0 0 0 rg BT 310.84 188.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.14 188.25 Td (original ) Tj ET Q q 0 0 0 rg BT 345.65 188.25 Td (local ) Tj ET Q q 0 0 0 rg BT 362.83 188.25 Td (content ) Tj ET Q q 0 0 0 rg BT 388.01 188.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 414.97 188.25 Td (a ) Tj ET Q q 0 0 0 rg BT 420.15 188.25 Td (key ) Tj ET Q q 0 0 0 rg BT 433.33 188.25 Td (pillar ) Tj ET Q q 0 0 0 rg BT 451.85 188.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.14 188.25 Td (our ) Tj ET Q q 0 0 0 rg BT 472.44 188.25 Td (strategy) Tj ET Q q 0 0 0 rg BT 497.24 188.25 Td (, ) Tj ET Q q 0 0 0 rg BT 500.88 188.25 Td (as ) Tj ET Q q 0 0 0 rg BT 509.17 188.25 Td (it ) Tj ET Q q 0 0 0 rg BT 515.25 188.25 Td (is ) Tj ET Q q 0 0 0 rg BT 522.22 188.25 Td (an ) Tj ET Q q 0 0 0 rg BT 531.40 188.25 Td (important ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 178.65 Td (factor ) Tj ET Q q 0 0 0 rg BT 69.63 178.65 Td (in ) Tj ET Q q 0 0 0 rg BT 77.33 178.65 Td (attracting ) Tj ET Q q 0 0 0 rg BT 109.02 178.65 Td (lar) Tj ET Q q 0 0 0 rg BT 117.31 178.65 Td (ge ) Tj ET Q q 0 0 0 rg BT 126.34 178.65 Td (audiences ) Tj ET Q q 0 0 0 rg BT 159.36 178.65 Td (from ) Tj ET Q q 0 0 0 rg BT 176.39 178.65 Td (television ) Tj ET Q q 0 0 0 rg BT 208.98 178.65 Td (and ) Tj ET Q q 0 0 0 rg BT 222.01 178.65 Td (other ) Tj ET Q q 0 0 0 rg BT 239.92 178.65 Td (non-linear ) Tj ET Q q 0 0 0 rg BT 274.28 178.65 Td (sources ) Tj ET Q q 0 0 0 rg BT 299.75 178.65 Td (of ) Tj ET Q q 0 0 0 rg BT 307.89 178.65 Td (entertainment. ) Tj ET Q q 0 0 0 rg BT 355.25 178.65 Td (W) Tj ET Q q 0 0 0 rg BT 362.16 178.65 Td (e ) Tj ET Q q 0 0 0 rg BT 367.19 178.65 Td (believe ) Tj ET Q q 0 0 0 rg BT 391.77 178.65 Td (increased ) Tj ET Q q 0 0 0 rg BT 423.45 178.65 Td (investments ) Tj ET Q q 0 0 0 rg BT 463.15 178.65 Td (in ) Tj ET Q q 0 0 0 rg BT 470.85 178.65 Td (local ) Tj ET Q q 0 0 0 rg BT 487.87 178.65 Td (content ) Tj ET Q q 0 0 0 rg BT 512.90 178.65 Td (will ) Tj ET Q q 0 0 0 rg BT 526.83 178.65 Td (be ) Tj ET Q q 0 0 0 rg BT 535.86 178.65 Td (partially ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 169.05 Td (of) Tj ET Q q 0 0 0 rg BT 56.02 169.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 69.88 169.05 Td (by ) Tj ET Q q 0 0 0 rg BT 80.19 169.05 Td (cost ) Tj ET Q q 0 0 0 rg BT 95.39 169.05 Td (savings ) Tj ET Q q 0 0 0 rg BT 121.70 169.05 Td (on ) Tj ET Q q 0 0 0 rg BT 132.00 169.05 Td (foreign ) Tj ET Q q 0 0 0 rg BT 157.42 169.05 Td (content, ) Tj ET Q q 0 0 0 rg BT 185.27 169.05 Td (as ) Tj ET Q q 0 0 0 rg BT 194.25 169.05 Td (well ) Tj ET Q q 0 0 0 rg BT 210.33 169.05 Td (as ) Tj ET Q q 0 0 0 rg BT 219.30 169.05 Td (savings ) Tj ET Q q 0 0 0 rg BT 245.61 169.05 Td (in ) Tj ET Q q 0 0 0 rg BT 254.14 169.05 Td (other ) Tj ET Q q 0 0 0 rg BT 272.89 169.05 Td (programming ) Tj ET Q q 0 0 0 rg BT 318.75 169.05 Td (costs. ) Tj ET Q q 0 0 0 rg BT 339.06 169.05 Td (Inflationary ) Tj ET Q q 0 0 0 rg BT 379.13 169.05 Td (pressures ) Tj ET Q q 0 0 0 rg BT 411.21 169.05 Td (are ) Tj ET Q q 0 0 0 rg BT 423.28 169.05 Td (also ) Tj ET Q q 0 0 0 rg BT 438.48 169.05 Td (expected ) Tj ET Q q 0 0 0 rg BT 469.21 169.05 Td (to ) Tj ET Q q 0 0 0 rg BT 477.75 169.05 Td (drive ) Tj ET Q q 0 0 0 rg BT 496.49 169.05 Td (a ) Tj ET Q q 0 0 0 rg BT 502.35 169.05 Td (modest ) Tj ET Q q 0 0 0 rg BT 527.77 169.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 556.29 169.05 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 159.45 Td (other ) Tj ET Q q 0 0 0 rg BT 67.94 159.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 100.15 159.45 Td (costs.) Tj ET Q endstream endobj 43 0 obj <>] /Rotate 0 /Contents 44 0 R>> endobj 44 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (18) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 723.45 Td (Impr) Tj ET Q q 0 0 0 rg BT 64.76 723.45 Td (oved ) Tj ET Q q 0 0 0 rg BT 81.86 723.45 Td (Capital ) Tj ET Q q 0 0 0 rg BT 107.86 723.45 Td (Structur) Tj ET Q q 0 0 0 rg BT 133.79 723.45 Td (e) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 707.85 Td (On ) Tj ET Q q 0 0 0 rg BT 60.99 707.85 Td (February ) Tj ET Q q 0 0 0 rg BT 91.58 707.85 Td (5, ) Tj ET Q q 0 0 0 rg BT 99.29 707.85 Td (2018, ) Tj ET Q q 0 0 0 rg BT 119.00 707.85 Td (we ) Tj ET Q q 0 0 0 rg BT 130.03 707.85 Td (entered ) Tj ET Q q 0 0 0 rg BT 155.28 707.85 Td (into ) Tj ET Q q 0 0 0 rg BT 169.44 707.85 Td (an ) Tj ET Q q 0 0 0 rg BT 178.70 707.85 Td (amendment ) Tj ET Q q 0 0 0 rg BT 217.73 707.85 Td (to ) Tj ET Q q 0 0 0 rg BT 225.66 707.85 Td (extend ) Tj ET Q q 0 0 0 rg BT 248.70 707.85 Td (the ) Tj ET Q q 0 0 0 rg BT 260.18 707.85 Td (maturity ) Tj ET Q q 0 0 0 rg BT 289.00 707.85 Td (date ) Tj ET Q q 0 0 0 rg BT 304.03 707.85 Td (of ) Tj ET Q q 0 0 0 rg BT 312.40 707.85 Td (the ) Tj ET Q q 0 0 0 rg BT 323.89 707.85 Td (2019 ) Tj ET Q q 0 0 0 rg BT 341.60 707.85 Td (Euro ) Tj ET Q q 0 0 0 rg BT 358.86 707.85 Td (Loan ) Tj ET Q q 0 0 0 rg BT 377.00 707.85 Td (from ) Tj ET Q q 0 0 0 rg BT 394.27 707.85 Td (November1,2018 ) Tj ET Q q 0 0 0 rg BT 455.74 707.85 Td (to ) Tj ET Q q 0 0 0 rg BT 463.67 707.85 Td (May ) Tj ET Q q 0 0 0 rg BT 480.05 707.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 487.76 707.85 Td (2019, ) Tj ET Q q 0 0 0 rg BT 507.47 707.85 Td (and ) Tj ET Q q 0 0 0 rg BT 520.73 707.85 Td (subsequently ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.25 Td (repaid ) Tj ET Q q 0 0 0 rg BT 71.49 698.25 Td (EUR ) Tj ET Q q 0 0 0 rg BT 89.49 698.25 Td (50.0 ) Tj ET Q q 0 0 0 rg BT 105.49 698.25 Td (million ) Tj ET Q q 0 0 0 rg BT 130.60 698.25 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 181.47 698.25 Td (US$ ) Tj ET Q q 0 0 0 rg BT 197.70 698.25 Td (61.6 ) Tj ET Q q 0 0 0 rg BT 213.70 698.25 Td (million ) Tj ET Q q 0 0 0 rg BT 238.81 698.25 Td (at ) Tj ET Q q 0 0 0 rg BT 246.59 698.25 Td (February ) Tj ET Q q 0 0 0 rg BT 277.46 698.25 Td (6, ) Tj ET Q q 0 0 0 rg BT 285.46 698.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 303.46 698.25 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 323.23 698.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.89 698.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.67 698.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 383.00 698.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 413.43 698.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 439.86 698.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.52 698.25 Td (that ) Tj ET Q q 0 0 0 rg BT 462.52 698.25 Td (loan. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 682.65 Td (On ) Tj ET Q q 0 0 0 rg BT 60.76 682.65 Td (April ) Tj ET Q q 0 0 0 rg BT 79.55 682.65 Td (25, ) Tj ET Q q 0 0 0 rg BT 91.45 682.65 Td (2018, ) Tj ET Q q 0 0 0 rg BT 111.35 682.65 Td (we ) Tj ET Q q 0 0 0 rg BT 122.58 682.65 Td (entered ) Tj ET Q q 0 0 0 rg BT 148.02 682.65 Td (into ) Tj ET Q q 0 0 0 rg BT 162.37 682.65 Td (a ) Tj ET Q q 0 0 0 rg BT 167.82 682.65 Td (series ) Tj ET Q q 0 0 0 rg BT 187.94 682.65 Td (of ) Tj ET Q q 0 0 0 rg BT 196.50 682.65 Td (amendments ) Tj ET Q q 0 0 0 rg BT 238.84 682.65 Td (which ) Tj ET Q q 0 0 0 rg BT 260.29 682.65 Td (modified ) Tj ET Q q 0 0 0 rg BT 291.07 682.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 314.73 682.65 Td (terms ) Tj ET Q q 0 0 0 rg BT 334.41 682.65 Td (of ) Tj ET Q q 0 0 0 rg BT 342.98 682.65 Td (the ) Tj ET Q q 0 0 0 rg BT 354.65 682.65 Td (2021 ) Tj ET Q q 0 0 0 rg BT 372.55 682.65 Td (Euro ) Tj ET Q q 0 0 0 rg BT 390.00 682.65 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 410.34 682.65 Td (the ) Tj ET Q q 0 0 0 rg BT 422.02 682.65 Td (2023 ) Tj ET Q q 0 0 0 rg BT 439.92 682.65 Td (Euro ) Tj ET Q q 0 0 0 rg BT 457.37 682.65 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 477.71 682.65 Td (the ) Tj ET Q q 0 0 0 rg BT 489.38 682.65 Td (2023 ) Tj ET Q q 0 0 0 rg BT 507.29 682.65 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 542.52 682.65 Td (Credit ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 673.05 Td (Facility ) Tj ET Q q 0 0 0 rg BT 76.55 673.05 Td (and ) Tj ET Q q 0 0 0 rg BT 90.70 673.05 Td (the ) Tj ET Q q 0 0 0 rg BT 103.08 673.05 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 155.77 673.05 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 193.91 673.05 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 233.37 673.05 Td (, ) Tj ET Q q 0 0 0 rg BT 237.98 673.05 Td (the ) Tj ET Q q 0 0 0 rg BT 250.36 673.05 Td ("Financing ) Tj ET Q q 0 0 0 rg BT 288.04 673.05 Td (T) Tj ET Q q 0 0 0 rg BT 292.64 673.05 Td (ransactions"\), ) Tj ET Q q 0 0 0 rg BT 339.17 673.05 Td (which ) Tj ET Q q 0 0 0 rg BT 361.32 673.05 Td (were ) Tj ET Q q 0 0 0 rg BT 379.47 673.05 Td (ef) Tj ET Q q 0 0 0 rg BT 385.54 673.05 Td (fective ) Tj ET Q q 0 0 0 rg BT 409.91 673.05 Td (on ) Tj ET Q q 0 0 0 rg BT 419.94 673.05 Td (April ) Tj ET Q q 0 0 0 rg BT 439.43 673.05 Td (26, ) Tj ET Q q 0 0 0 rg BT 452.04 673.05 Td (2018. ) Tj ET Q q 0 0 0 rg BT 472.45 673.05 Td (The ) Tj ET Q q 0 0 0 rg BT 487.50 673.05 Td (Financing ) Tj ET Q q 0 0 0 rg BT 521.91 673.05 Td (T) Tj ET Q q 0 0 0 rg BT 526.51 673.05 Td (ransactions ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 663.45 Td (reduced ) Tj ET Q q 0 0 0 rg BT 76.86 663.45 Td (the ) Tj ET Q q 0 0 0 rg BT 88.67 663.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 105.81 663.45 Td (under ) Tj ET Q q 0 0 0 rg BT 126.07 663.45 Td (the ) Tj ET Q q 0 0 0 rg BT 137.88 663.45 Td (pricing ) Tj ET Q q 0 0 0 rg BT 162.59 663.45 Td (grid ) Tj ET Q q 0 0 0 rg BT 177.51 663.45 Td (in ) Tj ET Q q 0 0 0 rg BT 185.78 663.45 Td (the ) Tj ET Q q 0 0 0 rg BT 197.59 663.45 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 249.84 663.45 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 287.42 663.45 Td (used ) Tj ET Q q 0 0 0 rg BT 304.12 663.45 Td (to ) Tj ET Q q 0 0 0 rg BT 312.39 663.45 Td (calculate ) Tj ET Q q 0 0 0 rg BT 342.85 663.45 Td (the ) Tj ET Q q 0 0 0 rg BT 354.66 663.45 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 389.57 663.45 Td (Fees ) Tj ET Q q 0 0 0 rg BT 406.28 663.45 Td (payable, ) Tj ET Q q 0 0 0 rg BT 435.19 663.45 Td (and ) Tj ET Q q 0 0 0 rg BT 448.79 663.45 Td (extended ) Tj ET Q q 0 0 0 rg BT 479.70 663.45 Td (the ) Tj ET Q q 0 0 0 rg BT 491.52 663.45 Td (maturity ) Tj ET Q q 0 0 0 rg BT 520.66 663.45 Td (dates ) Tj ET Q q 0 0 0 rg BT 539.14 663.45 Td (of ) Tj ET Q q 0 0 0 rg BT 547.85 663.45 Td (each ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 653.85 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 653.85 Td (the ) Tj ET Q q 0 0 0 rg BT 69.94 653.85 Td (2021 ) Tj ET Q q 0 0 0 rg BT 87.94 653.85 Td (Euro ) Tj ET Q q 0 0 0 rg BT 105.49 653.85 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 125.93 653.85 Td (the ) Tj ET Q q 0 0 0 rg BT 137.70 653.85 Td (2023 ) Tj ET Q q 0 0 0 rg BT 155.70 653.85 Td (Euro ) Tj ET Q q 0 0 0 rg BT 173.25 653.85 Td (Loan ) Tj ET Q q 0 0 0 rg BT 191.69 653.85 Td (and ) Tj ET Q q 0 0 0 rg BT 205.24 653.85 Td (the ) Tj ET Q q 0 0 0 rg BT 217.01 653.85 Td (2023 ) Tj ET Q q 0 0 0 rg BT 235.01 653.85 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 270.34 653.85 Td (Credit ) Tj ET Q q 0 0 0 rg BT 292.34 653.85 Td (Facility) Tj ET Q q 0 0 0 rg BT 316.26 653.85 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (On ) Tj ET Q q 0 0 0 rg BT 60.40 638.25 Td (April ) Tj ET Q q 0 0 0 rg BT 78.72 638.25 Td (25, ) Tj ET Q q 0 0 0 rg BT 90.16 638.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 109.50 638.25 Td (W) Tj ET Q q 0 0 0 rg BT 116.41 638.25 Td (arner ) Tj ET Q q 0 0 0 rg BT 134.27 638.25 Td (Media ) Tj ET Q q 0 0 0 rg BT 156.15 638.25 Td (exercised ) Tj ET Q q 0 0 0 rg BT 187.79 638.25 Td (100,926,996 ) Tj ET Q q 0 0 0 rg BT 229.23 638.25 Td (warrants ) Tj ET Q q 0 0 0 rg BT 258.21 638.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 287.65 638.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.31 638.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 325.18 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 333.28 638.25 Td (US$ ) Tj ET Q q 0 0 0 rg BT 348.94 638.25 Td (100.9 ) Tj ET Q q 0 0 0 rg BT 368.38 638.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 394.93 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.92 638.25 Td (an ) Tj ET Q q 0 0 0 rg BT 416.91 638.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 450.34 638.25 Td (2.4 ) Tj ET Q q 0 0 0 rg BT 461.78 638.25 Td (million ) Tj ET Q q 0 0 0 rg BT 486.33 638.25 Td (warrants ) Tj ET Q q 0 0 0 rg BT 515.31 638.25 Td (were ) Tj ET Q q 0 0 0 rg BT 532.30 638.25 Td (exercised ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 628.65 Td (by ) Tj ET Q q 0 0 0 rg BT 59.38 628.65 Td (other ) Tj ET Q q 0 0 0 rg BT 77.70 628.65 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 120.01 628.65 Td (during ) Tj ET Q q 0 0 0 rg BT 142.78 628.65 Td (the ) Tj ET Q q 0 0 0 rg BT 154.44 628.65 Td (second ) Tj ET Q q 0 0 0 rg BT 178.53 628.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 203.07 628.65 Td (prior ) Tj ET Q q 0 0 0 rg BT 220.50 628.65 Td (to ) Tj ET Q q 0 0 0 rg BT 228.60 628.65 Td (their ) Tj ET Q q 0 0 0 rg BT 245.15 628.65 Td (expiration ) Tj ET Q q 0 0 0 rg BT 279.46 628.65 Td (on ) Tj ET Q q 0 0 0 rg BT 289.34 628.65 Td (May ) Tj ET Q q 0 0 0 rg BT 305.89 628.65 Td (2, ) Tj ET Q q 0 0 0 rg BT 313.77 628.65 Td (2018. ) Tj ET Q q 0 0 0 rg BT 333.65 628.65 Td (On ) Tj ET Q q 0 0 0 rg BT 345.31 628.65 Td (May ) Tj ET Q q 0 0 0 rg BT 361.86 628.65 Td (3, ) Tj ET Q q 0 0 0 rg BT 369.74 628.65 Td (2018, ) Tj ET Q q 0 0 0 rg BT 389.62 628.65 Td (we ) Tj ET Q q 0 0 0 rg BT 400.83 628.65 Td (used ) Tj ET Q q 0 0 0 rg BT 417.38 628.65 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 447.69 628.65 Td (from ) Tj ET Q q 0 0 0 rg BT 465.12 628.65 Td (the ) Tj ET Q q 0 0 0 rg BT 476.78 628.65 Td (warrant ) Tj ET Q q 0 0 0 rg BT 503.09 628.65 Td (exercises, ) Tj ET Q q 0 0 0 rg BT 536.29 628.65 Td (together ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 619.05 Td (with ) Tj ET Q q 0 0 0 rg BT 65.79 619.05 Td (excess ) Tj ET Q q 0 0 0 rg BT 88.74 619.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 105.03 619.05 Td (on ) Tj ET Q q 0 0 0 rg BT 115.10 619.05 Td (hand, ) Tj ET Q q 0 0 0 rg BT 134.72 619.05 Td (to ) Tj ET Q q 0 0 0 rg BT 143.02 619.05 Td (repay ) Tj ET Q q 0 0 0 rg BT 162.85 619.05 Td (EUR ) Tj ET Q q 0 0 0 rg BT 180.93 619.05 Td (1) Tj ET Q q 0 0 0 rg BT 184.63 619.05 Td (10.0 ) Tj ET Q q 0 0 0 rg BT 200.70 619.05 Td (million ) Tj ET Q q 0 0 0 rg BT 225.88 619.05 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 276.83 619.05 Td (US$ ) Tj ET Q q 0 0 0 rg BT 293.13 619.05 Td (132.0 ) Tj ET Q q 0 0 0 rg BT 313.20 619.05 Td (million ) Tj ET Q q 0 0 0 rg BT 338.38 619.05 Td (at ) Tj ET Q q 0 0 0 rg BT 346.23 619.05 Td (May ) Tj ET Q q 0 0 0 rg BT 362.96 619.05 Td (3, ) Tj ET Q q 0 0 0 rg BT 371.03 619.05 Td (2018 ) Tj ET Q q 0 0 0 rg BT 389.10 619.05 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 408.94 619.05 Td (of ) Tj ET Q q 0 0 0 rg BT 417.68 619.05 Td (the ) Tj ET Q q 0 0 0 rg BT 429.52 619.05 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 468.92 619.05 Td (principal ) Tj ET Q q 0 0 0 rg BT 499.43 619.05 Td (balance ) Tj ET Q q 0 0 0 rg BT 525.93 619.05 Td (of ) Tj ET Q q 0 0 0 rg BT 534.66 619.05 Td (the ) Tj ET Q q 0 0 0 rg BT 546.51 619.05 Td (2019 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 609.45 Td (Euro ) Tj ET Q q 0 0 0 rg BT 67.05 609.45 Td (Loan. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 593.85 Td (Divestment ) Tj ET Q q 0 0 0 rg BT 87.49 593.85 Td (T) Tj ET Q q 0 0 0 rg BT 91.50 593.85 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 127.72 593.85 Td (to ) Tj ET Q q 0 0 0 rg BT 135.80 593.85 Td (Accelerate ) Tj ET Q q 0 0 0 rg BT 172.00 593.85 Td (Deleveraging) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 578.25 Td (On ) Tj ET Q q 0 0 0 rg BT 61.12 578.25 Td (July ) Tj ET Q q 0 0 0 rg BT 76.30 578.25 Td (9, ) Tj ET Q q 0 0 0 rg BT 84.15 578.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 104.00 578.25 Td (we ) Tj ET Q q 0 0 0 rg BT 115.17 578.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 138.33 578.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.40 578.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 159.36 578.25 Td (our ) Tj ET Q q 0 0 0 rg BT 171.87 578.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 207.04 578.25 Td (in ) Tj ET Q q 0 0 0 rg BT 215.10 578.25 Td (Croatia ) Tj ET Q q 0 0 0 rg BT 240.50 578.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.89 578.25 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 283.73 578.25 Td (to ) Tj ET Q q 0 0 0 rg BT 291.80 578.25 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 321.64 578.25 Td (Broadband ) Tj ET Q q 0 0 0 rg BT 358.59 578.25 Td (S. ) Tj ET Q q 0 0 0 rg BT 370.44 578.25 Td (r) Tj ET Q q 0 0 0 rg BT 372.66 578.25 Td (.l. ) Tj ET Q q 0 0 0 rg BT 380.73 578.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 395.01 578.25 Td ("Purchaser"\), ) Tj ET Q q 0 0 0 rg BT 439.60 578.25 Td (a ) Tj ET Q q 0 0 0 rg BT 444.99 578.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 479.72 578.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.23 578.25 Td (United ) Tj ET Q q 0 0 0 rg BT 511.85 578.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 534.14 578.25 Td (B.V) Tj ET Q q 0 0 0 rg BT 546.22 578.25 Td (. ) Tj ET Q q 0 0 0 rg BT 550.07 578.25 Td (\(the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 568.65 Td ("United ) Tj ET Q q 0 0 0 rg BT 76.45 568.65 Td (Group"\), ) Tj ET Q q 0 0 0 rg BT 106.73 568.65 Td (subject ) Tj ET Q q 0 0 0 rg BT 131.30 568.65 Td (to ) Tj ET Q q 0 0 0 rg BT 139.43 568.65 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 171.56 568.65 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 206.35 568.65 Td (approvals ) Tj ET Q q 0 0 0 rg BT 239.36 568.65 Td (and ) Tj ET Q q 0 0 0 rg BT 252.82 568.65 Td (other ) Tj ET Q q 0 0 0 rg BT 271.17 568.65 Td (customary ) Tj ET Q q 0 0 0 rg BT 306.40 568.65 Td (closing ) Tj ET Q q 0 0 0 rg BT 331.42 568.65 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 368.66 568.65 Td (On ) Tj ET Q q 0 0 0 rg BT 380.35 568.65 Td (July ) Tj ET Q q 0 0 0 rg BT 395.60 568.65 Td (5, ) Tj ET Q q 0 0 0 rg BT 403.51 568.65 Td (2018 ) Tj ET Q q 0 0 0 rg BT 421.42 568.65 Td (the ) Tj ET Q q 0 0 0 rg BT 433.10 568.65 Td (Divestment ) Tj ET Q q 0 0 0 rg BT 471.76 568.65 Td (T) Tj ET Q q 0 0 0 rg BT 476.36 568.65 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 511.15 568.65 Td (was ) Tj ET Q q 0 0 0 rg BT 525.50 568.65 Td (amended ) Tj ET Q q 0 0 0 rg BT 556.28 568.65 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 559.05 Td (allow ) Tj ET Q q 0 0 0 rg BT 69.27 559.05 Td (the ) Tj ET Q q 0 0 0 rg BT 81.05 559.05 Td (closing ) Tj ET Q q 0 0 0 rg BT 106.16 559.05 Td (of ) Tj ET Q q 0 0 0 rg BT 114.82 559.05 Td (the ) Tj ET Q q 0 0 0 rg BT 126.59 559.05 Td (sale ) Tj ET Q q 0 0 0 rg BT 141.03 559.05 Td (of ) Tj ET Q q 0 0 0 rg BT 149.70 559.05 Td (the ) Tj ET Q q 0 0 0 rg BT 161.47 559.05 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 191.02 559.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 226.34 559.05 Td (\(the ) Tj ET Q q 0 0 0 rg BT 240.78 559.05 Td ("Croatian ) Tj ET Q q 0 0 0 rg BT 273.45 559.05 Td (T) Tj ET Q q 0 0 0 rg BT 278.05 559.05 Td (ransaction"\) ) Tj ET Q q 0 0 0 rg BT 318.86 559.05 Td (and ) Tj ET Q q 0 0 0 rg BT 332.41 559.05 Td (the ) Tj ET Q q 0 0 0 rg BT 344.18 559.05 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 378.18 559.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 413.50 559.05 Td (\(the ) Tj ET Q q 0 0 0 rg BT 427.94 559.05 Td ("Slovenian ) Tj ET Q q 0 0 0 rg BT 465.05 559.05 Td (T) Tj ET Q q 0 0 0 rg BT 469.66 559.05 Td (ransaction"\) ) Tj ET Q q 0 0 0 rg BT 510.46 559.05 Td (separately) Tj ET Q q 0 0 0 rg BT 542.37 559.05 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 543.45 Td (The ) Tj ET Q q 0 0 0 rg BT 63.78 543.45 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 93.03 543.45 Td (T) Tj ET Q q 0 0 0 rg BT 97.64 543.45 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 132.36 543.45 Td (was ) Tj ET Q q 0 0 0 rg BT 146.64 543.45 Td (completed ) Tj ET Q q 0 0 0 rg BT 181.80 543.45 Td (on ) Tj ET Q q 0 0 0 rg BT 191.64 543.45 Td (July ) Tj ET Q q 0 0 0 rg BT 206.82 543.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 218.66 543.45 Td (2018 ) Tj ET Q q 0 0 0 rg BT 236.51 543.45 Td (and ) Tj ET Q q 0 0 0 rg BT 249.90 543.45 Td (we ) Tj ET Q q 0 0 0 rg BT 261.07 543.45 Td (received ) Tj ET Q q 0 0 0 rg BT 290.00 543.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 306.06 543.45 Td (consideration ) Tj ET Q q 0 0 0 rg BT 351.00 543.45 Td (of ) Tj ET Q q 0 0 0 rg BT 359.50 543.45 Td (EUR ) Tj ET Q q 0 0 0 rg BT 377.34 543.45 Td (86.4 ) Tj ET Q q 0 0 0 rg BT 393.19 543.45 Td (million ) Tj ET Q q 0 0 0 rg BT 418.14 543.45 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 468.85 543.45 Td (US$ ) Tj ET Q q 0 0 0 rg BT 484.92 543.45 Td (101.4 ) Tj ET Q q 0 0 0 rg BT 504.76 543.45 Td (million ) Tj ET Q q 0 0 0 rg BT 529.72 543.45 Td (at ) Tj ET Q q 0 0 0 rg BT 537.33 543.45 Td (July ) Tj ET Q q 0 0 0 rg BT 552.51 543.45 Td (31, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 533.85 Td (2018 ) Tj ET Q q 0 0 0 rg BT 67.16 533.85 Td (rates\), ) Tj ET Q q 0 0 0 rg BT 88.58 533.85 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 119.12 533.85 Td (of ) Tj ET Q q 0 0 0 rg BT 127.45 533.85 Td (a ) Tj ET Q q 0 0 0 rg BT 132.65 533.85 Td (EUR ) Tj ET Q q 0 0 0 rg BT 150.31 533.85 Td (1.4 ) Tj ET Q q 0 0 0 rg BT 161.97 533.85 Td (million ) Tj ET Q q 0 0 0 rg BT 186.74 533.85 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 237.27 533.85 Td (US$ ) Tj ET Q q 0 0 0 rg BT 253.16 533.85 Td (1.6 ) Tj ET Q q 0 0 0 rg BT 264.81 533.85 Td (million ) Tj ET Q q 0 0 0 rg BT 289.59 533.85 Td (at ) Tj ET Q q 0 0 0 rg BT 297.02 533.85 Td (July ) Tj ET Q q 0 0 0 rg BT 312.01 533.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 323.67 533.85 Td (2018 ) Tj ET Q q 0 0 0 rg BT 341.33 533.85 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 360.75 533.85 Td (net ) Tj ET Q q 0 0 0 rg BT 372.18 533.85 Td (working ) Tj ET Q q 0 0 0 rg BT 400.51 533.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 423.48 533.85 Td (adjustment. ) Tj ET Q q 0 0 0 rg BT 462.13 533.85 Td (The ) Tj ET Q q 0 0 0 rg BT 476.22 533.85 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 506.31 533.85 Td (from ) Tj ET Q q 0 0 0 rg BT 523.52 533.85 Td (the ) Tj ET Q q 0 0 0 rg BT 534.95 533.85 Td (Croatian ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.11 524.25 Td (ransaction, ) Tj ET Q q 0 0 0 rg BT 91.22 524.25 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 137.89 524.25 Td (by ) Tj ET Q q 0 0 0 rg BT 148.13 524.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 164.58 524.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 181.48 524.25 Td (from ) Tj ET Q q 0 0 0 rg BT 199.27 524.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 235.72 524.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 273.29 524.25 Td (were ) Tj ET Q q 0 0 0 rg BT 291.07 524.25 Td (used ) Tj ET Q q 0 0 0 rg BT 307.97 524.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.43 524.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 336.43 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.44 524.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 388.01 524.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 418.68 524.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 444.91 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.82 524.25 Td (EUR ) Tj ET Q q 0 0 0 rg BT 472.05 524.25 Td (40.8 ) Tj ET Q q 0 0 0 rg BT 488.29 524.25 Td (million ) Tj ET Q q 0 0 0 rg BT 513.64 524.25 Td (\(approximately ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 514.65 Td (US$ ) Tj ET Q q 0 0 0 rg BT 65.72 514.65 Td (47.9 ) Tj ET Q q 0 0 0 rg BT 81.71 514.65 Td (million ) Tj ET Q q 0 0 0 rg BT 106.82 514.65 Td (at ) Tj ET Q q 0 0 0 rg BT 114.58 514.65 Td (July ) Tj ET Q q 0 0 0 rg BT 129.91 514.65 Td (31, ) Tj ET Q q 0 0 0 rg BT 141.90 514.65 Td (2018 ) Tj ET Q q 0 0 0 rg BT 159.89 514.65 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 179.65 514.65 Td (of ) Tj ET Q q 0 0 0 rg BT 188.31 514.65 Td (the ) Tj ET Q q 0 0 0 rg BT 200.07 514.65 Td (2019 ) Tj ET Q q 0 0 0 rg BT 218.07 514.65 Td (Euro ) Tj ET Q q 0 0 0 rg BT 235.61 514.65 Td (Loan ) Tj ET Q q 0 0 0 rg BT 254.04 514.65 Td (and ) Tj ET Q q 0 0 0 rg BT 267.58 514.65 Td (accrued ) Tj ET Q q 0 0 0 rg BT 294.44 514.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 319.98 514.65 Td (thereon, ) Tj ET Q q 0 0 0 rg BT 347.96 514.65 Td (and ) Tj ET Q q 0 0 0 rg BT 361.50 514.65 Td (to ) Tj ET Q q 0 0 0 rg BT 369.72 514.65 Td (repay ) Tj ET Q q 0 0 0 rg BT 389.48 514.65 Td (EUR ) Tj ET Q q 0 0 0 rg BT 407.47 514.65 Td (25.0 ) Tj ET Q q 0 0 0 rg BT 423.46 514.65 Td (million ) Tj ET Q q 0 0 0 rg BT 448.57 514.65 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 499.43 514.65 Td (US$ ) Tj ET Q q 0 0 0 rg BT 515.65 514.65 Td (29.3 ) Tj ET Q q 0 0 0 rg BT 531.64 514.65 Td (million ) Tj ET Q q 0 0 0 rg BT 556.75 514.65 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 505.05 Td (July ) Tj ET Q q 0 0 0 rg BT 64.75 505.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 76.67 505.05 Td (2018 ) Tj ET Q q 0 0 0 rg BT 94.59 505.05 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 114.27 505.05 Td (of ) Tj ET Q q 0 0 0 rg BT 122.86 505.05 Td (the ) Tj ET Q q 0 0 0 rg BT 134.55 505.05 Td (2021 ) Tj ET Q q 0 0 0 rg BT 152.46 505.05 Td (Euro ) Tj ET Q q 0 0 0 rg BT 169.93 505.05 Td (Loan ) Tj ET Q q 0 0 0 rg BT 188.29 505.05 Td (plus ) Tj ET Q q 0 0 0 rg BT 203.54 505.05 Td (accrued ) Tj ET Q q 0 0 0 rg BT 230.33 505.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 255.79 505.05 Td (thereon. ) Tj ET Q q 0 0 0 rg BT 283.70 505.05 Td (In ) Tj ET Q q 0 0 0 rg BT 292.28 505.05 Td (addition, ) Tj ET Q q 0 0 0 rg BT 322.42 505.05 Td (we ) Tj ET Q q 0 0 0 rg BT 333.66 505.05 Td (paid ) Tj ET Q q 0 0 0 rg BT 349.36 505.05 Td (US$ ) Tj ET Q q 0 0 0 rg BT 365.50 505.05 Td (41.2 ) Tj ET Q q 0 0 0 rg BT 381.42 505.05 Td (million ) Tj ET Q q 0 0 0 rg BT 406.45 505.05 Td (to ) Tj ET Q q 0 0 0 rg BT 414.45 505.05 Td (W) Tj ET Q q 0 0 0 rg BT 421.36 505.05 Td (arner ) Tj ET Q q 0 0 0 rg BT 439.71 505.05 Td (Media, ) Tj ET Q q 0 0 0 rg BT 464.06 505.05 Td (to ) Tj ET Q q 0 0 0 rg BT 472.21 505.05 Td (repay ) Tj ET Q q 0 0 0 rg BT 491.89 505.05 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 503.13 505.05 Td (all ) Tj ET Q q 0 0 0 rg BT 513.05 505.05 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 547.83 505.05 Td (Fees ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 495.45 Td (payable ) Tj ET Q q 0 0 0 rg BT 76.46 495.45 Td (to ) Tj ET Q q 0 0 0 rg BT 84.62 495.45 Td (W) Tj ET Q q 0 0 0 rg BT 91.53 495.45 Td (arner ) Tj ET Q q 0 0 0 rg BT 110.04 495.45 Td (Media ) Tj ET Q q 0 0 0 rg BT 132.56 495.45 Td (as ) Tj ET Q q 0 0 0 rg BT 141.31 495.45 Td (of ) Tj ET Q q 0 0 0 rg BT 150.06 495.45 Td (the ) Tj ET Q q 0 0 0 rg BT 161.91 495.45 Td (date ) Tj ET Q q 0 0 0 rg BT 177.32 495.45 Td (of ) Tj ET Q q 0 0 0 rg BT 186.07 495.45 Td (repayment ) Tj ET Q q 0 0 0 rg BT 221.92 495.45 Td (under ) Tj ET Q q 0 0 0 rg BT 242.21 495.45 Td (the ) Tj ET Q q 0 0 0 rg BT 254.07 495.45 Td (2019 ) Tj ET Q q 0 0 0 rg BT 272.16 495.45 Td (Euro ) Tj ET Q q 0 0 0 rg BT 289.79 495.45 Td (Loan ) Tj ET Q q 0 0 0 rg BT 308.31 495.45 Td (and ) Tj ET Q q 0 0 0 rg BT 321.95 495.45 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 333.36 495.45 Td (all ) Tj ET Q q 0 0 0 rg BT 343.44 495.45 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 382.86 495.45 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 417.81 495.45 Td (Fees ) Tj ET Q q 0 0 0 rg BT 434.55 495.45 Td (and ) Tj ET Q q 0 0 0 rg BT 448.19 495.45 Td (the ) Tj ET Q q 0 0 0 rg BT 460.05 495.45 Td (Commitment ) Tj ET Q q 0 0 0 rg BT 504.35 495.45 Td (Fee, ) Tj ET Q q 0 0 0 rg BT 519.99 495.45 Td (together ) Tj ET Q q 0 0 0 rg BT 548.28 495.45 Td (with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 485.85 Td (accrued ) Tj ET Q q 0 0 0 rg BT 76.37 485.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 101.91 485.85 Td (thereon, ) Tj ET Q q 0 0 0 rg BT 129.90 485.85 Td (previously ) Tj ET Q q 0 0 0 rg BT 165.68 485.85 Td (paid ) Tj ET Q q 0 0 0 rg BT 181.45 485.85 Td (in ) Tj ET Q q 0 0 0 rg BT 189.67 485.85 Td (kind ) Tj ET Q q 0 0 0 rg BT 205.89 485.85 Td (that ) Tj ET Q q 0 0 0 rg BT 219.89 485.85 Td (were ) Tj ET Q q 0 0 0 rg BT 237.43 485.85 Td (payable ) Tj ET Q q 0 0 0 rg BT 264.31 485.85 Td (to ) Tj ET Q q 0 0 0 rg BT 272.39 485.85 Td (W) Tj ET Q q 0 0 0 rg BT 279.30 485.85 Td (arner ) Tj ET Q q 0 0 0 rg BT 297.73 485.85 Td (Media ) Tj ET Q q 0 0 0 rg BT 320.16 485.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 337.71 485.85 Td (to ) Tj ET Q q 0 0 0 rg BT 345.94 485.85 Td (repayment ) Tj ET Q q 0 0 0 rg BT 381.70 485.85 Td (of ) Tj ET Q q 0 0 0 rg BT 390.36 485.85 Td (the ) Tj ET Q q 0 0 0 rg BT 402.14 485.85 Td (portion ) Tj ET Q q 0 0 0 rg BT 427.25 485.85 Td (of ) Tj ET Q q 0 0 0 rg BT 435.91 485.85 Td (the ) Tj ET Q q 0 0 0 rg BT 447.68 485.85 Td (2021 ) Tj ET Q q 0 0 0 rg BT 465.68 485.85 Td (Euro ) Tj ET Q q 0 0 0 rg BT 483.23 485.85 Td (Loan.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 470.25 Td (Following ) Tj ET Q q 0 0 0 rg BT 84.36 470.25 Td (these ) Tj ET Q q 0 0 0 rg BT 102.75 470.25 Td (repayments, ) Tj ET Q q 0 0 0 rg BT 143.59 470.25 Td (our ) Tj ET Q q 0 0 0 rg BT 156.21 470.25 Td (nearest ) Tj ET Q q 0 0 0 rg BT 180.83 470.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 196.56 470.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 225.63 470.25 Td (is ) Tj ET Q q 0 0 0 rg BT 232.93 470.25 Td (November ) Tj ET Q q 0 0 0 rg BT 268.65 470.25 Td (2021, ) Tj ET Q q 0 0 0 rg BT 288.61 470.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.13 470.25 Td (together ) Tj ET Q q 0 0 0 rg BT 330.30 470.25 Td (with ) Tj ET Q q 0 0 0 rg BT 346.48 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.21 470.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 391.72 470.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 436.34 470.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.52 470.25 Td (our ) Tj ET Q q 0 0 0 rg BT 457.15 470.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 494.43 470.25 Td (our ) Tj ET Q q 0 0 0 rg BT 507.06 470.25 Td (net ) Tj ET Q q 0 0 0 rg BT 518.79 470.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 547.84 470.25 Td (ratio ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 460.65 Td (improved ) Tj ET Q q 0 0 0 rg BT 82.29 460.65 Td (to ) Tj ET Q q 0 0 0 rg BT 90.65 460.65 Td (3.5x ) Tj ET Q q 0 0 0 rg BT 106.78 460.65 Td (at ) Tj ET Q q 0 0 0 rg BT 114.68 460.65 Td (the ) Tj ET Q q 0 0 0 rg BT 126.59 460.65 Td (end ) Tj ET Q q 0 0 0 rg BT 140.27 460.65 Td (of ) Tj ET Q q 0 0 0 rg BT 149.07 460.65 Td (2018. ) Tj ET Q q 0 0 0 rg BT 169.04 460.65 Td (W) Tj ET Q q 0 0 0 rg BT 176.28 460.65 Td (ith ) Tj ET Q q 0 0 0 rg BT 186.85 460.65 Td (the ) Tj ET Q q 0 0 0 rg BT 198.76 460.65 Td (pricing ) Tj ET Q q 0 0 0 rg BT 223.55 460.65 Td (grids ) Tj ET Q q 0 0 0 rg BT 241.68 460.65 Td (applicable ) Tj ET Q q 0 0 0 rg BT 276.68 460.65 Td (to ) Tj ET Q q 0 0 0 rg BT 285.04 460.65 Td (the ) Tj ET Q q 0 0 0 rg BT 296.94 460.65 Td (Euro ) Tj ET Q q 0 0 0 rg BT 314.63 460.65 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 338.31 460.65 Td (our ) Tj ET Q q 0 0 0 rg BT 351.11 460.65 Td (weighted ) Tj ET Q q 0 0 0 rg BT 382.56 460.65 Td (average ) Tj ET Q q 0 0 0 rg BT 409.56 460.65 Td (cost ) Tj ET Q q 0 0 0 rg BT 424.58 460.65 Td (of ) Tj ET Q q 0 0 0 rg BT 433.38 460.65 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 468.83 460.65 Td (was ) Tj ET Q q 0 0 0 rg BT 483.41 460.65 Td (3.5% ) Tj ET Q q 0 0 0 rg BT 502.20 460.65 Td (at ) Tj ET Q q 0 0 0 rg BT 510.11 460.65 Td (the ) Tj ET Q q 0 0 0 rg BT 522.01 460.65 Td (end ) Tj ET Q q 0 0 0 rg BT 535.70 460.65 Td (of ) Tj ET Q q 0 0 0 rg BT 544.49 460.65 Td (2018, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 451.05 Td (down ) Tj ET Q q 0 0 0 rg BT 69.28 451.05 Td (from ) Tj ET Q q 0 0 0 rg BT 86.83 451.05 Td (approximately ) Tj ET Q q 0 0 0 rg BT 135.04 451.05 Td (6.0% ) Tj ET Q q 0 0 0 rg BT 153.70 451.05 Td (at ) Tj ET Q q 0 0 0 rg BT 161.47 451.05 Td (the ) Tj ET Q q 0 0 0 rg BT 173.25 451.05 Td (start ) Tj ET Q q 0 0 0 rg BT 189.02 451.05 Td (of ) Tj ET Q q 0 0 0 rg BT 197.68 451.05 Td (2018.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 435.45 Td (As ) Tj ET Q q 0 0 0 rg BT 60.41 435.45 Td (the ) Tj ET Q q 0 0 0 rg BT 72.20 435.45 Td (requisite ) Tj ET Q q 0 0 0 rg BT 101.77 435.45 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 136.66 435.45 Td (approval ) Tj ET Q q 0 0 0 rg BT 166.67 435.45 Td (from ) Tj ET Q q 0 0 0 rg BT 184.24 435.45 Td (the ) Tj ET Q q 0 0 0 rg BT 196.04 435.45 Td (Competition ) Tj ET Q q 0 0 0 rg BT 238.05 435.45 Td (Protection ) Tj ET Q q 0 0 0 rg BT 272.51 435.45 Td (Agency ) Tj ET Q q 0 0 0 rg BT 299.41 435.45 Td (in ) Tj ET Q q 0 0 0 rg BT 307.65 435.45 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 337.67 435.45 Td (was ) Tj ET Q q 0 0 0 rg BT 352.13 435.45 Td (not ) Tj ET Q q 0 0 0 rg BT 364.37 435.45 Td (received ) Tj ET Q q 0 0 0 rg BT 393.48 435.45 Td (as ) Tj ET Q q 0 0 0 rg BT 402.16 435.45 Td (of ) Tj ET Q q 0 0 0 rg BT 410.85 435.45 Td (the ) Tj ET Q q 0 0 0 rg BT 422.64 435.45 Td (most ) Tj ET Q q 0 0 0 rg BT 440.22 435.45 Td (recent ) Tj ET Q q 0 0 0 rg BT 461.78 435.45 Td (extension ) Tj ET Q q 0 0 0 rg BT 494.46 435.45 Td (of ) Tj ET Q q 0 0 0 rg BT 503.14 435.45 Td (the ) Tj ET Q q 0 0 0 rg BT 514.93 435.45 Td (long-stop ) Tj ET Q q 0 0 0 rg BT 547.18 435.45 Td (date, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 425.85 Td (we ) Tj ET Q q 0 0 0 rg BT 59.93 425.85 Td (terminated ) Tj ET Q q 0 0 0 rg BT 95.23 425.85 Td (the ) Tj ET Q q 0 0 0 rg BT 106.10 425.85 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 139.12 425.85 Td (T) Tj ET Q q 0 0 0 rg BT 143.72 425.85 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 177.69 425.85 Td (on ) Tj ET Q q 0 0 0 rg BT 186.79 425.85 Td (January ) Tj ET Q q 0 0 0 rg BT 212.77 425.85 Td (18, ) Tj ET Q q 0 0 0 rg BT 223.87 425.85 Td (2019 ) Tj ET Q q 0 0 0 rg BT 240.96 425.85 Td (\(see ) Tj ET Q q 0 0 0 rg BT 254.94 425.85 Td (Part ) Tj ET Q q 0 0 0 rg BT 268.92 425.85 Td (II, ) Tj ET Q q 0 0 0 rg BT 277.35 425.85 Td (Item ) Tj ET Q q 0 0 0 rg BT 293.11 425.85 Td (8, ) Tj ET Q q 0 0 0 rg BT 300.21 425.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 316.85 425.85 Td (3, ) Tj ET Q q 0 0 0 rg BT 323.95 425.85 Td ("Discontinued ) Tj ET Q q 0 0 0 rg BT 370.98 425.85 Td (Operations ) Tj ET Q q 0 0 0 rg BT 407.17 425.85 Td (and ) Tj ET Q q 0 0 0 rg BT 419.58 425.85 Td (Assets ) Tj ET Q q 0 0 0 rg BT 441.57 425.85 Td (Held ) Tj ET Q q 0 0 0 rg BT 458.22 425.85 Td (for ) Tj ET Q q 0 0 0 rg BT 468.64 425.85 Td (Sale" ) Tj ET Q q 0 0 0 rg BT 486.78 425.85 Td (for ) Tj ET Q q 0 0 0 rg BT 497.21 425.85 Td (further ) Tj ET Q q 0 0 0 rg BT 520.07 425.85 Td (information\).) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 407.25 Td (Fr) Tj ET Q q 0 0 0 rg BT 57.20 407.25 Td (ee ) Tj ET Q q 0 0 0 rg BT 66.30 407.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 84.75 407.25 Td (Flow ) Tj ET Q q 0 0 0 rg BT 103.20 407.25 Td (and ) Tj ET Q q 0 0 0 rg BT 117.20 407.25 Td (Unlever) Tj ET Q q 0 0 0 rg BT 142.67 407.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 152.22 407.25 Td (Fr) Tj ET Q q 0 0 0 rg BT 159.92 407.25 Td (ee ) Tj ET Q q 0 0 0 rg BT 169.02 407.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 187.47 407.25 Td (Flow) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 370.75 193.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 370.75 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 370.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.00 370.75 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 370.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 370.75 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 370.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 370.75 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 370.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 370.75 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 370.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 370.75 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 336.75 193.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 336.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 336.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.00 336.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 336.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 336.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 336.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 336.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 336.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 336.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 336.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 336.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 302.75 193.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 302.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 302.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.00 302.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 302.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 302.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 302.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 302.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 302.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 302.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 302.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 302.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 276.75 193.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 276.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 276.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.00 276.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 276.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 276.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 276.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 276.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 276.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 276.75 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 276.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 276.75 50.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 243 383.75 m 293 383.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 293 383.75 m 297 383.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 297 383.75 m 347 383.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347 383.75 m 351 383.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 351 383.75 m 401 383.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401 383.75 m 405 383.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 405 383.75 m 455 383.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459 383.75 m 509 383.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 509 383.75 m 513 383.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 383.75 m 563 383.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 405 383.75 m 455 383.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 405 370.75 m 455 370.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 455 383.75 m 459 383.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 243 370.75 m 293 370.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 297 370.75 m 347 370.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 351 370.75 m 401 370.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 405 370.75 m 455 370.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459 370.75 m 509 370.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 370.75 m 563 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243 336.75 m 293 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 336.75 m 347 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 336.75 m 401 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 336.75 m 455 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 336.75 m 509 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243 336.75 m 293 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 336.75 m 347 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 336.75 m 401 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 336.75 m 455 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 336.75 m 509 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 336.75 m 563 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243 263.75 m 293 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 263.75 m 347 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 263.75 m 401 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 263.75 m 455 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 263.75 m 509 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 263.75 m 563 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243 251.75 m 293 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243 249.75 m 293 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 251.75 m 347 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 249.75 m 347 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 251.75 m 401 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 249.75 m 401 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 251.75 m 455 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 249.75 m 455 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 251.75 m 509 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 249.75 m 509 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 263.75 m 563 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 251.75 m 563 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 249.75 m 563 249.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 388.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.15 387.98 Td (For) Tj ET Q q 0 0 0 rg BT 335.44 387.98 Td ( ) Tj ET Q q 0 0 0 rg BT 337.30 387.98 Td (The ) Tj ET Q q 0 0 0 rg BT 352.34 387.98 Td (Y) Tj ET Q q 0 0 0 rg BT 357.23 387.98 Td (ear) Tj ET Q q 0 0 0 rg BT 368.19 387.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 428.92 387.98 Td ( 31, \(US$ 000's\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 375.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.50 374.98 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.50 374.98 Td (2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 362.80 374.98 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.50 374.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.50 374.98 Td (2016) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.80 374.98 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 361.98 Td (Net ) Tj ET Q q 0 0 0 rg BT 65.78 361.98 Td (cash ) Tj ET Q q 0 0 0 rg BT 82.17 361.98 Td (generated ) Tj ET Q q 0 0 0 rg BT 117.22 361.98 Td (fr) Tj ET Q q 0 0 0 rg BT 123.36 361.98 Td (om ) Tj ET Q q 0 0 0 rg BT 135.24 361.98 Td (/ ) Tj ET Q q 0 0 0 rg BT 138.74 361.98 Td (\(used ) Tj ET Q q 0 0 0 rg BT 158.25 361.98 Td (in\) ) Tj ET Q q 0 0 0 rg BT 168.87 361.98 Td (continuing ) Tj ET Q q 0 0 0 rg BT 206.61 361.98 Td (operating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 353.98 Td (activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.50 353.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.75 353.98 Td (109,024) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.50 353.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.75 353.98 Td (93,301) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 377.15 353.98 Td (16.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 393.75 353.98 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 353.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.75 353.98 Td (93,301) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.50 353.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.10 353.98 Td (\(77,239) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.80 353.98 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.50 353.98 Td (NM ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 553.39 357.61 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 341.00 Td (Capital ) Tj ET Q q 0 0 0 rg BT 77.61 341.00 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 122.48 341.00 Td (net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.10 341.00 Td (\(24,540) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.80 341.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.10 341.00 Td (\(27,947) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.80 341.00 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.15 341.00 Td (12.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.75 341.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.10 341.00 Td (\(27,947) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.80 341.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.10 341.00 Td (\(26,525) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.80 341.00 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.45 341.00 Td (\(5.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 341.00 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 327.98 Td (Fr) Tj ET Q q 0 0 0 rg BT 60.87 327.98 Td (ee ) Tj ET Q q 0 0 0 rg BT 69.89 327.98 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.01 327.98 Td (flow) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.75 327.98 Td (84,484) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.75 327.98 Td (65,354) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 377.15 327.98 Td (29.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 393.75 327.98 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.75 327.98 Td (65,354) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.10 327.98 Td (\(103,764) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.80 327.98 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.50 327.98 Td (NM ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 553.39 331.61 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 315.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 73.30 315.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 91.88 315.00 Td (for ) Tj ET Q q 0 0 0 rg BT 106.02 315.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 134.37 315.00 Td (\(including ) Tj ET Q q 0 0 0 rg BT 172.05 315.00 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 211.07 315.00 Td (cash-pay ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 307.00 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 87.37 307.00 Td (Fees\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.75 307.00 Td (43,350) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.75 307.00 Td (47,197) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.45 307.00 Td (\(8.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.15 307.00 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.75 307.00 Td (47,197) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.75 307.00 Td (53,977) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.45 307.00 Td (\(12.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 307.00 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 294.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 70.50 294.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 86.27 294.00 Td (for ) Tj ET Q q 0 0 0 rg BT 97.60 294.00 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 132.47 294.00 Td (Fees ) Tj ET Q q 0 0 0 rg BT 149.13 294.00 Td (previously ) Tj ET Q q 0 0 0 rg BT 184.91 294.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 200.68 294.00 Td (in ) Tj ET Q q 0 0 0 rg BT 208.90 294.00 Td (kind) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.75 294.00 Td (27,328) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.80 294.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.40 294.00 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 391.40 297.62 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 294.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.75 294.00 Td (22,358) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.45 294.00 Td (\(100.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 294.00 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 281.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 70.50 281.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 86.27 281.00 Td (for ) Tj ET Q q 0 0 0 rg BT 97.60 281.00 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 132.47 281.00 Td (Fees ) Tj ET Q q 0 0 0 rg BT 149.13 281.00 Td (that ) Tj ET Q q 0 0 0 rg BT 163.13 281.00 Td (may ) Tj ET Q q 0 0 0 rg BT 178.90 281.00 Td (be ) Tj ET Q q 0 0 0 rg BT 188.45 281.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 204.23 281.00 Td (in ) Tj ET Q q 0 0 0 rg BT 212.45 281.00 Td (kind) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.80 281.00 Td (812) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.75 281.00 Td (8,343) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.45 281.00 Td (\(90.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.15 281.00 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.75 281.00 Td (8,343) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.75 281.00 Td (8,349) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.45 281.00 Td (\(0.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 281.00 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 268.00 Td (Other ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 72.71 271.63 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.80 268.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.80 268.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 384.00 268.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.75 268.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 268.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.75 268.00 Td (1) Tj ET Q q 0 0 0 rg BT 483.75 268.00 Td (10,699) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.45 268.00 Td (\(100.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 268.00 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 254.98 Td (Unlever) Tj ET Q q 0 0 0 rg BT 79.46 254.98 Td (ed ) Tj ET Q q 0 0 0 rg BT 89.46 254.98 Td (fr) Tj ET Q q 0 0 0 rg BT 95.53 254.98 Td (ee ) Tj ET Q q 0 0 0 rg BT 104.63 254.98 Td (cash ) Tj ET Q q 0 0 0 rg BT 121.74 254.98 Td (flow) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.50 254.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.75 254.98 Td (155,974) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.50 254.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.75 254.98 Td (120,894) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 377.15 254.98 Td (29.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 393.75 254.98 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 254.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 254.98 Td (120,894) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.50 254.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.75 254.98 Td (91,619) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 539.15 254.98 Td (31.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 555.80 254.98 Td (%) Tj ET Q BT /F1 8.00 Tf ET BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 49.50 243.02 Td (\(1\) ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 55.94 239.85 Td (Number ) Tj ET Q q 0 0 0 rg BT 80.63 239.85 Td (is ) Tj ET Q q 0 0 0 rg BT 87.05 239.85 Td (not ) Tj ET Q q 0 0 0 rg BT 97.74 239.85 Td (meaningful.) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 49.50 231.62 Td (\(2\) ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 56.12 228.45 Td (Relates ) Tj ET Q q 0 0 0 rg BT 78.76 228.45 Td (to ) Tj ET Q q 0 0 0 rg BT 86.23 228.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 100.70 228.45 Td (payments ) Tj ET Q q 0 0 0 rg BT 129.55 228.45 Td (upon ) Tj ET Q q 0 0 0 rg BT 145.58 228.45 Td (settlement ) Tj ET Q q 0 0 0 rg BT 176.38 228.45 Td (of ) Tj ET Q q 0 0 0 rg BT 184.24 228.45 Td (the ) Tj ET Q q 0 0 0 rg BT 194.82 228.45 Td (2017 ) Tj ET Q q 0 0 0 rg BT 210.85 228.45 Td (PIK ) Tj ET Q q 0 0 0 rg BT 224.16 228.45 Td (Notes ) Tj ET Q q 0 0 0 rg BT 242.52 228.45 Td (and ) Tj ET Q q 0 0 0 rg BT 254.65 228.45 Td (2017 ) Tj ET Q q 0 0 0 rg BT 270.53 228.45 Td (T) Tj ET Q q 0 0 0 rg BT 274.32 228.45 Td (erm ) Tj ET Q q 0 0 0 rg BT 287.23 228.45 Td (Loan ) Tj ET Q q 0 0 0 rg BT 303.64 228.45 Td (for ) Tj ET Q q 0 0 0 rg BT 313.84 228.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 336.47 228.45 Td (that ) Tj ET Q q 0 0 0 rg BT 348.99 228.45 Td (was ) Tj ET Q q 0 0 0 rg BT 361.91 228.45 Td (previously ) Tj ET Q q 0 0 0 rg BT 393.49 228.45 Td (paid ) Tj ET Q q 0 0 0 rg BT 407.57 228.45 Td (in ) Tj ET Q q 0 0 0 rg BT 415.04 228.45 Td (kind ) Tj ET Q q 0 0 0 rg BT 429.52 228.45 Td (\(see ) Tj ET Q q 0 0 0 rg BT 442.81 228.45 Td (Item ) Tj ET Q q 0 0 0 rg BT 457.67 228.45 Td (8, ) Tj ET Q q 0 0 0 rg BT 464.95 228.45 Td (Note ) Tj ET Q q 0 0 0 rg BT 480.59 228.45 Td (2, ) Tj ET Q q 0 0 0 rg BT 487.86 228.45 Td ("Basis ) Tj ET Q q 0 0 0 rg BT 507.92 228.45 Td (of ) Tj ET Q q 0 0 0 rg BT 515.78 228.45 Td (Presentation ) Tj ET Q q 0 0 0 rg BT 552.41 228.45 Td (and ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 58.50 220.05 Td (Summary ) Tj ET Q q 0 0 0 rg BT 87.47 220.05 Td (of ) Tj ET Q q 0 0 0 rg BT 95.05 220.05 Td (Significant ) Tj ET Q q 0 0 0 rg BT 127.13 220.05 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 161.54 220.05 Td (Policies"\). ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 196.55 284.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 196.55 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 196.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 196.55 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 196.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 196.55 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 196.54999999999995 m 408.5 196.54999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 196.54999999999995 m 487.5 196.54999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 196.54999999999995 m 561.5 196.54999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 196.54999999999995 m 561.5 196.54999999999995 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 200.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.50 200.78 Td (December) Tj ET Q q 0 0 0 rg BT 375.07 200.78 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.50 200.78 Td (December) Tj ET Q q 0 0 0 rg BT 454.00 200.78 Td ( 31, 2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 523.30 200.78 Td (Movement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 187.80 Td (Cash and cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.00 187.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.30 187.80 Td (62,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.00 187.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 187.80 Td (58,748) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 187.80 Td (5.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 187.80 Td (%) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 168.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.33 168.45 Td (unlevered ) Tj ET Q q 0 0 0 rg BT 96.25 168.45 Td (free ) Tj ET Q q 0 0 0 rg BT 110.07 168.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 125.67 168.45 Td (flow ) Tj ET Q q 0 0 0 rg BT 141.72 168.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 173.31 168.45 Td (during ) Tj ET Q q 0 0 0 rg BT 195.58 168.45 Td (2018 ) Tj ET Q q 0 0 0 rg BT 212.96 168.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 245.89 168.45 Td (to ) Tj ET Q q 0 0 0 rg BT 253.50 168.45 Td (2017 ) Tj ET Q q 0 0 0 rg BT 270.88 168.45 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 302.92 168.45 Td (higher ) Tj ET Q q 0 0 0 rg BT 324.74 168.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 340.34 168.45 Td (collections ) Tj ET Q q 0 0 0 rg BT 376.38 168.45 Td (from ) Tj ET Q q 0 0 0 rg BT 393.32 168.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 420.02 168.45 Td (growth, ) Tj ET Q q 0 0 0 rg BT 446.07 168.45 Td (as ) Tj ET Q q 0 0 0 rg BT 454.12 168.45 Td (well ) Tj ET Q q 0 0 0 rg BT 469.28 168.45 Td (as ) Tj ET Q q 0 0 0 rg BT 477.33 168.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 496.93 168.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 519.64 168.45 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 564.51 168.45 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 158.85 Td (This ) Tj ET Q q 0 0 0 rg BT 65.70 158.85 Td (was ) Tj ET Q q 0 0 0 rg BT 80.12 158.85 Td (partially ) Tj ET Q q 0 0 0 rg BT 108.76 158.85 Td (of) Tj ET Q q 0 0 0 rg BT 115.28 158.85 Td (fset ) Tj ET Q q 0 0 0 rg BT 128.81 158.85 Td (by ) Tj ET Q q 0 0 0 rg BT 138.79 158.85 Td (higher ) Tj ET Q q 0 0 0 rg BT 161.21 158.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 177.40 158.85 Td (paid ) Tj ET Q q 0 0 0 rg BT 193.15 158.85 Td (for ) Tj ET Q q 0 0 0 rg BT 204.46 158.85 Td (income ) Tj ET Q q 0 0 0 rg BT 229.99 158.85 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 250.26 158.85 Td (W) Tj ET Q q 0 0 0 rg BT 257.17 158.85 Td (e ) Tj ET Q q 0 0 0 rg BT 262.70 158.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 283.78 158.85 Td (2018 ) Tj ET Q q 0 0 0 rg BT 301.76 158.85 Td (with ) Tj ET Q q 0 0 0 rg BT 317.96 158.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 334.16 158.85 Td (of ) Tj ET Q q 0 0 0 rg BT 342.80 158.85 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.01 158.85 Td (62.0 ) Tj ET Q q 0 0 0 rg BT 374.99 158.85 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.10 158.85 Td ( ) Tj ET Q q 0 0 0 rg BT 400.08 158.85 Td (and ) Tj ET Q q 0 0 0 rg BT 413.61 158.85 Td (we ) Tj ET Q q 0 0 0 rg BT 424.92 158.85 Td (have ) Tj ET Q q 0 0 0 rg BT 442.00 158.85 Td (access ) Tj ET Q q 0 0 0 rg BT 464.41 158.85 Td (to ) Tj ET Q q 0 0 0 rg BT 472.61 158.85 Td (another ) Tj ET Q q 0 0 0 rg BT 498.58 158.85 Td (US$ ) Tj ET Q q 0 0 0 rg BT 514.78 158.85 Td (75.0 ) Tj ET Q q 0 0 0 rg BT 530.76 158.85 Td (million ) Tj ET Q q 0 0 0 rg BT 555.86 158.85 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 149.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 78.61 149.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 109.05 149.25 Td (by ) Tj ET Q q 0 0 0 rg BT 119.05 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.82 149.25 Td (2023 ) Tj ET Q q 0 0 0 rg BT 148.82 149.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 184.16 149.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 206.15 149.25 Td (Facility) Tj ET Q q 0 0 0 rg BT 230.07 149.25 Td (, ) Tj ET Q q 0 0 0 rg BT 234.07 149.25 Td (which ) Tj ET Q q 0 0 0 rg BT 255.63 149.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 282.95 149.25 Td (undrawn.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 133.65 Td (Although ) Tj ET Q q 0 0 0 rg BT 81.71 133.65 Td (our ) Tj ET Q q 0 0 0 rg BT 94.35 133.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 119.88 133.65 Td (expense ) Tj ET Q q 0 0 0 rg BT 147.63 133.65 Td (decreased ) Tj ET Q q 0 0 0 rg BT 181.15 133.65 Td (significantly ) Tj ET Q q 0 0 0 rg BT 223.12 133.65 Td (during ) Tj ET Q q 0 0 0 rg BT 245.99 133.65 Td (2018 ) Tj ET Q q 0 0 0 rg BT 263.98 133.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 297.50 133.65 Td (to ) Tj ET Q q 0 0 0 rg BT 305.71 133.65 Td (2017, ) Tj ET Q q 0 0 0 rg BT 325.69 133.65 Td (the ) Tj ET Q q 0 0 0 rg BT 337.45 133.65 Td (proportion ) Tj ET Q q 0 0 0 rg BT 373.20 133.65 Td (of ) Tj ET Q q 0 0 0 rg BT 381.85 133.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 407.38 133.65 Td (expense ) Tj ET Q q 0 0 0 rg BT 435.13 133.65 Td (required ) Tj ET Q q 0 0 0 rg BT 463.76 133.65 Td (to ) Tj ET Q q 0 0 0 rg BT 471.97 133.65 Td (be ) Tj ET Q q 0 0 0 rg BT 481.50 133.65 Td (paid ) Tj ET Q q 0 0 0 rg BT 497.26 133.65 Td (in ) Tj ET Q q 0 0 0 rg BT 505.47 133.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 521.67 133.65 Td (increased. ) Tj ET Q q 0 0 0 rg BT 555.85 133.65 Td (In ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 124.05 Td (addition ) Tj ET Q q 0 0 0 rg BT 78.11 124.05 Td (to ) Tj ET Q q 0 0 0 rg BT 86.73 124.05 Td (this, ) Tj ET Q q 0 0 0 rg BT 102.69 124.05 Td (we ) Tj ET Q q 0 0 0 rg BT 114.41 124.05 Td (used ) Tj ET Q q 0 0 0 rg BT 131.47 124.05 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 162.29 124.05 Td (from ) Tj ET Q q 0 0 0 rg BT 180.24 124.05 Td (the ) Tj ET Q q 0 0 0 rg BT 192.41 124.05 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 222.18 124.05 Td (T) Tj ET Q q 0 0 0 rg BT 226.78 124.05 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 262.06 124.05 Td (as ) Tj ET Q q 0 0 0 rg BT 271.11 124.05 Td (well ) Tj ET Q q 0 0 0 rg BT 287.28 124.05 Td (as ) Tj ET Q q 0 0 0 rg BT 296.34 124.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 312.95 124.05 Td (generated ) Tj ET Q q 0 0 0 rg BT 346.44 124.05 Td (by ) Tj ET Q q 0 0 0 rg BT 356.83 124.05 Td (the ) Tj ET Q q 0 0 0 rg BT 369.00 124.05 Td (business ) Tj ET Q q 0 0 0 rg BT 398.51 124.05 Td (to ) Tj ET Q q 0 0 0 rg BT 407.13 124.05 Td (repay ) Tj ET Q q 0 0 0 rg BT 427.29 124.05 Td (debt ) Tj ET Q q 0 0 0 rg BT 443.46 124.05 Td (and ) Tj ET Q q 0 0 0 rg BT 457.41 124.05 Td (related ) Tj ET Q q 0 0 0 rg BT 481.56 124.05 Td (payables ) Tj ET Q q 0 0 0 rg BT 511.95 124.05 Td (during ) Tj ET Q q 0 0 0 rg BT 535.23 124.05 Td (the ) Tj ET Q q 0 0 0 rg BT 547.40 124.05 Td (third ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 114.45 Td (quarter) Tj ET Q q 0 0 0 rg BT 71.83 114.45 Td (, ) Tj ET Q q 0 0 0 rg BT 76.20 114.45 Td (which ) Tj ET Q q 0 0 0 rg BT 98.11 114.45 Td (included ) Tj ET Q q 0 0 0 rg BT 128.02 114.45 Td (the ) Tj ET Q q 0 0 0 rg BT 140.16 114.45 Td (repayment ) Tj ET Q q 0 0 0 rg BT 176.28 114.45 Td (of ) Tj ET Q q 0 0 0 rg BT 185.31 114.45 Td (US$ ) Tj ET Q q 0 0 0 rg BT 201.90 114.45 Td (27.3 ) Tj ET Q q 0 0 0 rg BT 218.26 114.45 Td (million ) Tj ET Q q 0 0 0 rg BT 243.74 114.45 Td (of ) Tj ET Q q 0 0 0 rg BT 252.77 114.45 Td (accrued ) Tj ET Q q 0 0 0 rg BT 280.00 114.45 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 315.23 114.45 Td (Fees ) Tj ET Q q 0 0 0 rg BT 332.25 114.45 Td (that ) Tj ET Q q 0 0 0 rg BT 346.61 114.45 Td (were ) Tj ET Q q 0 0 0 rg BT 364.52 114.45 Td (paid ) Tj ET Q q 0 0 0 rg BT 380.66 114.45 Td (in ) Tj ET Q q 0 0 0 rg BT 389.24 114.45 Td (kind ) Tj ET Q q 0 0 0 rg BT 405.83 114.45 Td (in ) Tj ET Q q 0 0 0 rg BT 414.41 114.45 Td (prior ) Tj ET Q q 0 0 0 rg BT 432.33 114.45 Td (years. ) Tj ET Q q 0 0 0 rg BT 453.40 114.45 Td (The ) Tj ET Q q 0 0 0 rg BT 468.20 114.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 484.78 114.45 Td (paid ) Tj ET Q q 0 0 0 rg BT 500.92 114.45 Td (for ) Tj ET Q q 0 0 0 rg BT 512.61 114.45 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 547.84 114.45 Td (Fees ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 104.85 Td (previously ) Tj ET Q q 0 0 0 rg BT 85.27 104.85 Td (paid ) Tj ET Q q 0 0 0 rg BT 101.05 104.85 Td (in ) Tj ET Q q 0 0 0 rg BT 109.27 104.85 Td (kind ) Tj ET Q q 0 0 0 rg BT 125.49 104.85 Td (was ) Tj ET Q q 0 0 0 rg BT 139.93 104.85 Td (reflected ) Tj ET Q q 0 0 0 rg BT 169.91 104.85 Td (in ) Tj ET Q q 0 0 0 rg BT 178.13 104.85 Td (both ) Tj ET Q q 0 0 0 rg BT 194.36 104.85 Td (free ) Tj ET Q q 0 0 0 rg BT 208.79 104.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 225.00 104.85 Td (flow ) Tj ET Q q 0 0 0 rg BT 241.66 104.85 Td (and ) Tj ET Q q 0 0 0 rg BT 255.21 104.85 Td (net ) Tj ET Q q 0 0 0 rg BT 266.99 104.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 283.20 104.85 Td (generated ) Tj ET Q q 0 0 0 rg BT 316.29 104.85 Td (from ) Tj ET Q q 0 0 0 rg BT 333.84 104.85 Td (continuing ) Tj ET Q q 0 0 0 rg BT 370.06 104.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 402.27 104.85 Td (activities.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 89.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 65.10 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 73.59 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.63 89.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 121.66 89.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 150.13 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.63 89.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 175.11 89.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 208.46 89.25 Td (by ) Tj ET Q q 0 0 0 rg BT 218.73 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.77 89.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 262.15 89.25 Td (on ) Tj ET Q q 0 0 0 rg BT 272.42 89.25 Td (January ) Tj ET Q q 0 0 0 rg BT 299.57 89.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 311.84 89.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 332.10 89.25 Td (we ) Tj ET Q q 0 0 0 rg BT 343.70 89.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 368.62 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.11 89.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 397.14 89.25 Td (an ) Tj ET Q q 0 0 0 rg BT 406.96 89.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 441.22 89.25 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.48 89.25 Td (60.0 ) Tj ET Q q 0 0 0 rg BT 475.75 89.25 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.87 89.25 Td ( ) Tj ET Q q 0 0 0 rg BT 501.13 89.25 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 552.27 89.25 Td (US) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 79.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.50 79.65 Td (68.9 ) Tj ET Q q 0 0 0 rg BT 71.62 79.65 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 94.73 79.65 Td ( ) Tj ET Q q 0 0 0 rg BT 96.86 79.65 Td (at ) Tj ET Q q 0 0 0 rg BT 104.75 79.65 Td (January ) Tj ET Q q 0 0 0 rg BT 131.75 79.65 Td (31, ) Tj ET Q q 0 0 0 rg BT 143.87 79.65 Td (2019 ) Tj ET Q q 0 0 0 rg BT 161.99 79.65 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 181.88 79.65 Td (of ) Tj ET Q q 0 0 0 rg BT 190.66 79.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 230.12 79.65 Td (principal ) Tj ET Q q 0 0 0 rg BT 260.67 79.65 Td (balance ) Tj ET Q q 0 0 0 rg BT 287.22 79.65 Td (of ) Tj ET Q q 0 0 0 rg BT 296.00 79.65 Td (the ) Tj ET Q q 0 0 0 rg BT 307.90 79.65 Td (2021 ) Tj ET Q q 0 0 0 rg BT 326.02 79.65 Td (Euro ) Tj ET Q q 0 0 0 rg BT 343.69 79.65 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 364.10 79.65 Td (There ) Tj ET Q q 0 0 0 rg BT 384.87 79.65 Td (is ) Tj ET Q q 0 0 0 rg BT 392.33 79.65 Td (now ) Tj ET Q q 0 0 0 rg BT 408.23 79.65 Td (EUR ) Tj ET Q q 0 0 0 rg BT 426.35 79.65 Td (150.3 ) Tj ET Q q 0 0 0 rg BT 446.47 79.65 Td (million ) Tj ET Q q 0 0 0 rg BT 471.70 79.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 511.16 79.65 Td (principal ) Tj ET Q q 0 0 0 rg BT 541.71 79.65 Td (on ) Tj ET Q q 0 0 0 rg BT 551.83 79.65 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 70.05 Td (nearest ) Tj ET Q q 0 0 0 rg BT 74.15 70.05 Td (debt ) Tj ET Q q 0 0 0 rg BT 89.93 70.05 Td (maturity ) Tj ET Q q 0 0 0 rg BT 119.03 70.05 Td (in ) Tj ET Q q 0 0 0 rg BT 127.25 70.05 Td (November ) Tj ET Q q 0 0 0 rg BT 163.02 70.05 Td (2021. ) Tj ET Q endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (19) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 723.45 Td (Market ) Tj ET Q q 0 0 0 rg BT 74.60 723.45 Td (Information) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 707.85 Td (After ) Tj ET Q q 0 0 0 rg BT 68.31 707.85 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 99.58 707.85 Td (for ) Tj ET Q q 0 0 0 rg BT 110.84 707.85 Td (inflation, ) Tj ET Q q 0 0 0 rg BT 141.88 707.85 Td (we ) Tj ET Q q 0 0 0 rg BT 153.15 707.85 Td (estimate ) Tj ET Q q 0 0 0 rg BT 181.74 707.85 Td (that ) Tj ET Q q 0 0 0 rg BT 195.67 707.85 Td (during ) Tj ET Q q 0 0 0 rg BT 218.49 707.85 Td (2018 ) Tj ET Q q 0 0 0 rg BT 236.42 707.85 Td (GDP) Tj ET Q q 0 0 0 rg BT 252.13 707.85 Td ( ) Tj ET Q q 0 0 0 rg BT 254.06 707.85 Td (grew ) Tj ET Q q 0 0 0 rg BT 271.99 707.85 Td (in ) Tj ET Q q 0 0 0 rg BT 280.15 707.85 Td (each ) Tj ET Q q 0 0 0 rg BT 296.74 707.85 Td (of ) Tj ET Q q 0 0 0 rg BT 305.33 707.85 Td (the ) Tj ET Q q 0 0 0 rg BT 317.04 707.85 Td (countries ) Tj ET Q q 0 0 0 rg BT 348.30 707.85 Td (in ) Tj ET Q q 0 0 0 rg BT 356.46 707.85 Td (which ) Tj ET Q q 0 0 0 rg BT 377.94 707.85 Td (we ) Tj ET Q q 0 0 0 rg BT 389.21 707.85 Td (operate ) Tj ET Q q 0 0 0 rg BT 414.68 707.85 Td (at ) Tj ET Q q 0 0 0 rg BT 422.39 707.85 Td (a ) Tj ET Q q 0 0 0 rg BT 427.87 707.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 441.80 707.85 Td (that ) Tj ET Q q 0 0 0 rg BT 455.73 707.85 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 487.42 707.85 Td (the ) Tj ET Q q 0 0 0 rg BT 499.12 707.85 Td (average ) Tj ET Q q 0 0 0 rg BT 525.92 707.85 Td (growth ) Tj ET Q q 0 0 0 rg BT 550.52 707.85 Td (rate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.25 Td (for ) Tj ET Q q 0 0 0 rg BT 60.06 698.25 Td (W) Tj ET Q q 0 0 0 rg BT 66.97 698.25 Td (estern ) Tj ET Q q 0 0 0 rg BT 87.40 698.25 Td (Europe ) Tj ET Q q 0 0 0 rg BT 111.82 698.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.70 698.25 Td (marks ) Tj ET Q q 0 0 0 rg BT 145.58 698.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.68 698.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 177.55 698.25 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 216.64 698.25 Td (year ) Tj ET Q q 0 0 0 rg BT 231.73 698.25 Td (that ) Tj ET Q q 0 0 0 rg BT 245.06 698.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 269.05 698.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.60 698.25 Td (these ) Tj ET Q q 0 0 0 rg BT 294.36 698.25 Td (territories ) Tj ET Q q 0 0 0 rg BT 326.78 698.25 Td (has ) Tj ET Q q 0 0 0 rg BT 338.77 698.25 Td (outpaced ) Tj ET Q q 0 0 0 rg BT 368.97 698.25 Td (more ) Tj ET Q q 0 0 0 rg BT 386.74 698.25 Td (developed ) Tj ET Q q 0 0 0 rg BT 420.94 698.25 Td (markets. ) Tj ET Q q 0 0 0 rg BT 449.59 698.25 Td (In ) Tj ET Q q 0 0 0 rg BT 457.58 698.25 Td (this ) Tj ET Q q 0 0 0 rg BT 470.46 698.25 Td (respect, ) Tj ET Q q 0 0 0 rg BT 496.44 698.25 Td ("developed ) Tj ET Q q 0 0 0 rg BT 533.91 698.25 Td (markets" ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 688.65 Td (refers ) Tj ET Q q 0 0 0 rg BT 69.71 688.65 Td (to ) Tj ET Q q 0 0 0 rg BT 77.93 688.65 Td (a ) Tj ET Q q 0 0 0 rg BT 83.48 688.65 Td (combined ) Tj ET Q q 0 0 0 rg BT 117.03 688.65 Td (group ) Tj ET Q q 0 0 0 rg BT 137.69 688.65 Td (of ) Tj ET Q q 0 0 0 rg BT 146.36 688.65 Td (1) Tj ET Q q 0 0 0 rg BT 150.06 688.65 Td (1 ) Tj ET Q q 0 0 0 rg BT 156.06 688.65 Td (countries ) Tj ET Q q 0 0 0 rg BT 187.38 688.65 Td (from ) Tj ET Q q 0 0 0 rg BT 204.93 688.65 Td (within ) Tj ET Q q 0 0 0 rg BT 227.38 688.65 Td (the ) Tj ET Q q 0 0 0 rg BT 239.15 688.65 Td (European ) Tj ET Q q 0 0 0 rg BT 271.80 688.65 Td (Union, ) Tj ET Q q 0 0 0 rg BT 295.80 688.65 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 344.46 688.65 Td (from ) Tj ET Q q 0 0 0 rg BT 361.87 688.65 Td (W) Tj ET Q q 0 0 0 rg BT 368.78 688.65 Td (estern ) Tj ET Q q 0 0 0 rg BT 389.88 688.65 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 416.98 688.65 Td (and ) Tj ET Q q 0 0 0 rg BT 430.53 688.65 Td (the ) Tj ET Q q 0 0 0 rg BT 442.30 688.65 Td (United ) Tj ET Q q 0 0 0 rg BT 466.08 688.65 Td (States. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 673.05 Td (Higher ) Tj ET Q q 0 0 0 rg BT 73.70 673.05 Td (average ) Tj ET Q q 0 0 0 rg BT 100.56 673.05 Td (wages ) Tj ET Q q 0 0 0 rg BT 122.54 673.05 Td (in ) Tj ET Q q 0 0 0 rg BT 130.75 673.05 Td (our ) Tj ET Q q 0 0 0 rg BT 143.40 673.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 175.60 673.05 Td (countries ) Tj ET Q q 0 0 0 rg BT 206.91 673.05 Td (continued ) Tj ET Q q 0 0 0 rg BT 240.45 673.05 Td (to ) Tj ET Q q 0 0 0 rg BT 248.66 673.05 Td (support ) Tj ET Q q 0 0 0 rg BT 274.65 673.05 Td (domestic ) Tj ET Q q 0 0 0 rg BT 305.52 673.05 Td (demand ) Tj ET Q q 0 0 0 rg BT 332.83 673.05 Td (and ) Tj ET Q q 0 0 0 rg BT 346.37 673.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 382.13 673.05 Td (growth ) Tj ET Q q 0 0 0 rg BT 406.78 673.05 Td (in ) Tj ET Q q 0 0 0 rg BT 414.99 673.05 Td (private ) Tj ET Q q 0 0 0 rg BT 439.19 673.05 Td (consumption. ) Tj ET Q q 0 0 0 rg BT 484.37 673.05 Td (The ) Tj ET Q q 0 0 0 rg BT 498.79 673.05 Td (average ) Tj ET Q q 0 0 0 rg BT 525.65 673.05 Td (wage ) Tj ET Q q 0 0 0 rg BT 544.52 673.05 Td (in ) Tj ET Q q 0 0 0 rg BT 552.73 673.05 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 663.45 Td (Czech ) Tj ET Q q 0 0 0 rg BT 71.53 663.45 Td (Republic ) Tj ET Q q 0 0 0 rg BT 102.45 663.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 134.70 663.45 Td (by ) Tj ET Q q 0 0 0 rg BT 144.74 663.45 Td (more ) Tj ET Q q 0 0 0 rg BT 163.22 663.45 Td (than ) Tj ET Q q 0 0 0 rg BT 179.03 663.45 Td (8% ) Tj ET Q q 0 0 0 rg BT 191.74 663.45 Td (in ) Tj ET Q q 0 0 0 rg BT 200.00 663.45 Td (2018, ) Tj ET Q q 0 0 0 rg BT 220.04 663.45 Td (which ) Tj ET Q q 0 0 0 rg BT 241.63 663.45 Td (was ) Tj ET Q q 0 0 0 rg BT 256.12 663.45 Td (the ) Tj ET Q q 0 0 0 rg BT 267.93 663.45 Td (fastest ) Tj ET Q q 0 0 0 rg BT 290.41 663.45 Td (annual ) Tj ET Q q 0 0 0 rg BT 313.77 663.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 338.48 663.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 352.51 663.45 Td (in ) Tj ET Q q 0 0 0 rg BT 360.77 663.45 Td (the ) Tj ET Q q 0 0 0 rg BT 372.59 663.45 Td (last ) Tj ET Q q 0 0 0 rg BT 385.74 663.45 Td (15 ) Tj ET Q q 0 0 0 rg BT 395.78 663.45 Td (years. ) Tj ET Q q 0 0 0 rg BT 416.55 663.45 Td (The ) Tj ET Q q 0 0 0 rg BT 431.03 663.45 Td (public ) Tj ET Q q 0 0 0 rg BT 453.07 663.45 Td (sector ) Tj ET Q q 0 0 0 rg BT 474.21 663.45 Td (wage ) Tj ET Q q 0 0 0 rg BT 493.13 663.45 Td (in ) Tj ET Q q 0 0 0 rg BT 501.39 663.45 Td (Romania ) Tj ET Q q 0 0 0 rg BT 532.32 663.45 Td (increased ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 653.85 Td (in ) Tj ET Q q 0 0 0 rg BT 57.47 653.85 Td (2018, ) Tj ET Q q 0 0 0 rg BT 77.21 653.85 Td (and ) Tj ET Q q 0 0 0 rg BT 90.51 653.85 Td (is ) Tj ET Q q 0 0 0 rg BT 97.59 653.85 Td (set ) Tj ET Q q 0 0 0 rg BT 108.23 653.85 Td (to ) Tj ET Q q 0 0 0 rg BT 116.20 653.85 Td (continue ) Tj ET Q q 0 0 0 rg BT 145.49 653.85 Td (increasing ) Tj ET Q q 0 0 0 rg BT 180.11 653.85 Td (in ) Tj ET Q q 0 0 0 rg BT 188.08 653.85 Td (2019. ) Tj ET Q q 0 0 0 rg BT 207.82 653.85 Td (Unemployment ) Tj ET Q q 0 0 0 rg BT 259.34 653.85 Td (has ) Tj ET Q q 0 0 0 rg BT 271.75 653.85 Td (fallen ) Tj ET Q q 0 0 0 rg BT 291.71 653.85 Td (to ) Tj ET Q q 0 0 0 rg BT 299.68 653.85 Td (historically ) Tj ET Q q 0 0 0 rg BT 337.41 653.85 Td (low ) Tj ET Q q 0 0 0 rg BT 351.16 653.85 Td (rates ) Tj ET Q q 0 0 0 rg BT 368.01 653.85 Td (in ) Tj ET Q q 0 0 0 rg BT 375.98 653.85 Td (all ) Tj ET Q q 0 0 0 rg BT 385.72 653.85 Td (countries ) Tj ET Q q 0 0 0 rg BT 416.79 653.85 Td (in ) Tj ET Q q 0 0 0 rg BT 424.76 653.85 Td (which ) Tj ET Q q 0 0 0 rg BT 446.05 653.85 Td (we ) Tj ET Q q 0 0 0 rg BT 457.13 653.85 Td (operate, ) Tj ET Q q 0 0 0 rg BT 484.41 653.85 Td (with ) Tj ET Q q 0 0 0 rg BT 500.38 653.85 Td (the ) Tj ET Q q 0 0 0 rg BT 511.90 653.85 Td (Czech ) Tj ET Q q 0 0 0 rg BT 533.64 653.85 Td (Republic ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (seeing ) Tj ET Q q 0 0 0 rg BT 71.86 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 83.55 644.25 Td (lowest ) Tj ET Q q 0 0 0 rg BT 106.36 644.25 Td (unemployment ) Tj ET Q q 0 0 0 rg BT 156.27 644.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 170.18 644.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.33 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.02 644.25 Td (European ) Tj ET Q q 0 0 0 rg BT 222.59 644.25 Td (Union. ) Tj ET Q q 0 0 0 rg BT 246.51 644.25 Td (It ) Tj ET Q q 0 0 0 rg BT 253.32 644.25 Td (has ) Tj ET Q q 0 0 0 rg BT 265.91 644.25 Td (been ) Tj ET Q q 0 0 0 rg BT 282.93 644.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 311.50 644.25 Td (that ) Tj ET Q q 0 0 0 rg BT 325.42 644.25 Td (an ) Tj ET Q q 0 0 0 rg BT 334.89 644.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 369.25 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.83 644.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 410.86 644.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 430.99 644.25 Td (in ) Tj ET Q q 0 0 0 rg BT 439.13 644.25 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 468.60 644.25 Td (is ) Tj ET Q q 0 0 0 rg BT 475.86 644.25 Td (also ) Tj ET Q q 0 0 0 rg BT 490.67 644.25 Td (contributing ) Tj ET Q q 0 0 0 rg BT 531.69 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 539.83 644.25 Td (growth ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 634.65 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 634.65 Td (private ) Tj ET Q q 0 0 0 rg BT 81.93 634.65 Td (consumption ) Tj ET Q q 0 0 0 rg BT 125.27 634.65 Td (in ) Tj ET Q q 0 0 0 rg BT 133.49 634.65 Td (the ) Tj ET Q q 0 0 0 rg BT 145.26 634.65 Td (country) Tj ET Q q 0 0 0 rg BT 169.18 634.65 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 619.05 Td (While ) Tj ET Q q 0 0 0 rg BT 70.91 619.05 Td (analysts ) Tj ET Q q 0 0 0 rg BT 98.54 619.05 Td (forecast ) Tj ET Q q 0 0 0 rg BT 125.72 619.05 Td (that ) Tj ET Q q 0 0 0 rg BT 139.57 619.05 Td (GDP) Tj ET Q q 0 0 0 rg BT 155.28 619.05 Td ( ) Tj ET Q q 0 0 0 rg BT 157.14 619.05 Td (growth ) Tj ET Q q 0 0 0 rg BT 181.67 619.05 Td (will ) Tj ET Q q 0 0 0 rg BT 195.97 619.05 Td (be ) Tj ET Q q 0 0 0 rg BT 205.38 619.05 Td (slightly ) Tj ET Q q 0 0 0 rg BT 231.25 619.05 Td (lower ) Tj ET Q q 0 0 0 rg BT 251.32 619.05 Td (in ) Tj ET Q q 0 0 0 rg BT 259.41 619.05 Td (2019 ) Tj ET Q q 0 0 0 rg BT 277.27 619.05 Td (than ) Tj ET Q q 0 0 0 rg BT 292.90 619.05 Td (it ) Tj ET Q q 0 0 0 rg BT 299.21 619.05 Td (was ) Tj ET Q q 0 0 0 rg BT 313.51 619.05 Td (in ) Tj ET Q q 0 0 0 rg BT 321.59 619.05 Td (2018, ) Tj ET Q q 0 0 0 rg BT 341.45 619.05 Td (the ) Tj ET Q q 0 0 0 rg BT 353.08 619.05 Td (consensus ) Tj ET Q q 0 0 0 rg BT 387.39 619.05 Td (estimate ) Tj ET Q q 0 0 0 rg BT 415.90 619.05 Td (for ) Tj ET Q q 0 0 0 rg BT 427.09 619.05 Td (average ) Tj ET Q q 0 0 0 rg BT 453.82 619.05 Td (growth ) Tj ET Q q 0 0 0 rg BT 478.34 619.05 Td (of ) Tj ET Q q 0 0 0 rg BT 486.87 619.05 Td (3.4% ) Tj ET Q q 0 0 0 rg BT 505.39 619.05 Td (in ) Tj ET Q q 0 0 0 rg BT 513.47 619.05 Td (the ) Tj ET Q q 0 0 0 rg BT 525.11 619.05 Td (countries ) Tj ET Q q 0 0 0 rg BT 556.29 619.05 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 609.45 Td (which ) Tj ET Q q 0 0 0 rg BT 71.64 609.45 Td (we ) Tj ET Q q 0 0 0 rg BT 83.56 609.45 Td (operate ) Tj ET Q q 0 0 0 rg BT 109.69 609.45 Td (again ) Tj ET Q q 0 0 0 rg BT 129.61 609.45 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 157.52 609.45 Td (the ) Tj ET Q q 0 0 0 rg BT 169.88 609.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 184.46 609.45 Td (of ) Tj ET Q q 0 0 0 rg BT 193.72 609.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 218.97 609.45 Td (forecast ) Tj ET Q q 0 0 0 rg BT 246.88 609.45 Td (for ) Tj ET Q q 0 0 0 rg BT 258.80 609.45 Td (developed ) Tj ET Q q 0 0 0 rg BT 294.27 609.45 Td (markets. ) Tj ET Q q 0 0 0 rg BT 324.19 609.45 Td (GDP) Tj ET Q q 0 0 0 rg BT 339.89 609.45 Td ( ) Tj ET Q q 0 0 0 rg BT 342.48 609.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 367.74 609.45 Td (in ) Tj ET Q q 0 0 0 rg BT 376.55 609.45 Td (the ) Tj ET Q q 0 0 0 rg BT 388.92 609.45 Td (Czech ) Tj ET Q q 0 0 0 rg BT 411.50 609.45 Td (Republic ) Tj ET Q q 0 0 0 rg BT 442.97 609.45 Td (during ) Tj ET Q q 0 0 0 rg BT 466.45 609.45 Td (the ) Tj ET Q q 0 0 0 rg BT 478.82 609.45 Td (final ) Tj ET Q q 0 0 0 rg BT 496.07 609.45 Td (months ) Tj ET Q q 0 0 0 rg BT 522.22 609.45 Td (of ) Tj ET Q q 0 0 0 rg BT 531.48 609.45 Td (2018 ) Tj ET Q q 0 0 0 rg BT 550.07 609.45 Td (was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 599.85 Td (impacted ) Tj ET Q q 0 0 0 rg BT 80.69 599.85 Td (by ) Tj ET Q q 0 0 0 rg BT 90.56 599.85 Td (lower ) Tj ET Q q 0 0 0 rg BT 110.65 599.85 Td (automobile ) Tj ET Q q 0 0 0 rg BT 148.52 599.85 Td (sales, ) Tj ET Q q 0 0 0 rg BT 167.94 599.85 Td (and ) Tj ET Q q 0 0 0 rg BT 181.36 599.85 Td (the ) Tj ET Q q 0 0 0 rg BT 193.01 599.85 Td (Czech ) Tj ET Q q 0 0 0 rg BT 214.87 599.85 Td (National ) Tj ET Q q 0 0 0 rg BT 244.29 599.85 Td (Bank ) Tj ET Q q 0 0 0 rg BT 263.04 599.85 Td (expects ) Tj ET Q q 0 0 0 rg BT 288.91 599.85 Td (this ) Tj ET Q q 0 0 0 rg BT 302.34 599.85 Td (to ) Tj ET Q q 0 0 0 rg BT 310.43 599.85 Td (be ) Tj ET Q q 0 0 0 rg BT 319.85 599.85 Td (a ) Tj ET Q q 0 0 0 rg BT 325.28 599.85 Td (temporary ) Tj ET Q q 0 0 0 rg BT 360.02 599.85 Td (drag ) Tj ET Q q 0 0 0 rg BT 376.11 599.85 Td (on ) Tj ET Q q 0 0 0 rg BT 385.98 599.85 Td (economic ) Tj ET Q q 0 0 0 rg BT 418.95 599.85 Td (growth ) Tj ET Q q 0 0 0 rg BT 443.49 599.85 Td (in ) Tj ET Q q 0 0 0 rg BT 451.58 599.85 Td (the ) Tj ET Q q 0 0 0 rg BT 463.23 599.85 Td (country) Tj ET Q q 0 0 0 rg BT 487.15 599.85 Td (. ) Tj ET Q q 0 0 0 rg BT 490.88 599.85 Td (W) Tj ET Q q 0 0 0 rg BT 497.79 599.85 Td (e ) Tj ET Q q 0 0 0 rg BT 503.22 599.85 Td (believe ) Tj ET Q q 0 0 0 rg BT 528.19 599.85 Td (the ) Tj ET Q q 0 0 0 rg BT 539.83 599.85 Td (growth ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 590.25 Td (in ) Tj ET Q q 0 0 0 rg BT 57.44 590.25 Td (real ) Tj ET Q q 0 0 0 rg BT 71.15 590.25 Td (private ) Tj ET Q q 0 0 0 rg BT 95.08 590.25 Td (consumption ) Tj ET Q q 0 0 0 rg BT 138.13 590.25 Td (forecast ) Tj ET Q q 0 0 0 rg BT 165.17 590.25 Td (for ) Tj ET Q q 0 0 0 rg BT 176.22 590.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 193.94 590.25 Td (in ) Tj ET Q q 0 0 0 rg BT 201.88 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.37 590.25 Td (Czech ) Tj ET Q q 0 0 0 rg BT 235.08 590.25 Td (Republic ) Tj ET Q q 0 0 0 rg BT 265.68 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.95 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.45 590.25 Td (rest ) Tj ET Q q 0 0 0 rg BT 303.72 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.10 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.59 590.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 354.64 590.25 Td (where ) Tj ET Q q 0 0 0 rg BT 375.90 590.25 Td (we ) Tj ET Q q 0 0 0 rg BT 386.95 590.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 412.21 590.25 Td (will ) Tj ET Q q 0 0 0 rg BT 426.37 590.25 Td (sustain ) Tj ET Q q 0 0 0 rg BT 450.31 590.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 474.70 590.25 Td (in ) Tj ET Q q 0 0 0 rg BT 482.64 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.13 590.25 Td (television ) Tj ET Q q 0 0 0 rg BT 526.96 590.25 Td (advertising ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 580.65 Td (markets.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 565.05 Td (In ) Tj ET Q q 0 0 0 rg BT 57.87 565.05 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 90.47 565.05 Td (the ) Tj ET Q q 0 0 0 rg BT 101.95 565.05 Td (government ) Tj ET Q q 0 0 0 rg BT 141.87 565.05 Td (has ) Tj ET Q q 0 0 0 rg BT 154.25 565.05 Td (introduced ) Tj ET Q q 0 0 0 rg BT 190.17 565.05 Td (sector ) Tj ET Q q 0 0 0 rg BT 210.98 565.05 Td (taxes ) Tj ET Q q 0 0 0 rg BT 229.13 565.05 Td (for ) Tj ET Q q 0 0 0 rg BT 240.16 565.05 Td (2019 ) Tj ET Q q 0 0 0 rg BT 257.87 565.05 Td (that ) Tj ET Q q 0 0 0 rg BT 271.58 565.05 Td (include ) Tj ET Q q 0 0 0 rg BT 296.84 565.05 Td (a ) Tj ET Q q 0 0 0 rg BT 302.10 565.05 Td (levy ) Tj ET Q q 0 0 0 rg BT 317.58 565.05 Td (on ) Tj ET Q q 0 0 0 rg BT 327.29 565.05 Td (telecommunications ) Tj ET Q q 0 0 0 rg BT 393.43 565.05 Td (operators. ) Tj ET Q q 0 0 0 rg BT 428.78 565.05 Td (This ) Tj ET Q q 0 0 0 rg BT 444.71 565.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 456.19 565.05 Td (would ) Tj ET Q q 0 0 0 rg BT 477.90 565.05 Td (not ) Tj ET Q q 0 0 0 rg BT 489.84 565.05 Td (apply ) Tj ET Q q 0 0 0 rg BT 509.32 565.05 Td (to ) Tj ET Q q 0 0 0 rg BT 517.25 565.05 Td (our ) Tj ET Q q 0 0 0 rg BT 529.63 565.05 Td (Romanian ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (operations, ) Tj ET Q q 0 0 0 rg BT 86.36 555.45 Td (however ) Tj ET Q q 0 0 0 rg BT 115.44 555.45 Td (it ) Tj ET Q q 0 0 0 rg BT 121.42 555.45 Td (is ) Tj ET Q q 0 0 0 rg BT 128.29 555.45 Td (possible ) Tj ET Q q 0 0 0 rg BT 156.05 555.45 Td (that ) Tj ET Q q 0 0 0 rg BT 169.58 555.45 Td (the ) Tj ET Q q 0 0 0 rg BT 180.89 555.45 Td (burden ) Tj ET Q q 0 0 0 rg BT 204.64 555.45 Td (of ) Tj ET Q q 0 0 0 rg BT 212.84 555.45 Td (these ) Tj ET Q q 0 0 0 rg BT 230.82 555.45 Td (taxes ) Tj ET Q q 0 0 0 rg BT 248.79 555.45 Td (could ) Tj ET Q q 0 0 0 rg BT 268.10 555.45 Td (negatively ) Tj ET Q q 0 0 0 rg BT 302.96 555.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 326.26 555.45 Td (spending ) Tj ET Q q 0 0 0 rg BT 356.69 555.45 Td (for ) Tj ET Q q 0 0 0 rg BT 367.55 555.45 Td (advertising ) Tj ET Q q 0 0 0 rg BT 404.63 555.45 Td (from ) Tj ET Q q 0 0 0 rg BT 421.72 555.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 444.14 555.45 Td (in ) Tj ET Q q 0 0 0 rg BT 451.90 555.45 Td (the ) Tj ET Q q 0 0 0 rg BT 463.21 555.45 Td (af) Tj ET Q q 0 0 0 rg BT 469.28 555.45 Td (fected ) Tj ET Q q 0 0 0 rg BT 490.35 555.45 Td (sectors, ) Tj ET Q q 0 0 0 rg BT 516.10 555.45 Td (and ) Tj ET Q q 0 0 0 rg BT 529.19 555.45 Td (negatively ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 545.85 Td (impact ) Tj ET Q q 0 0 0 rg BT 73.27 545.85 Td (our ) Tj ET Q q 0 0 0 rg BT 85.93 545.85 Td (success ) Tj ET Q q 0 0 0 rg BT 111.93 545.85 Td (in ) Tj ET Q q 0 0 0 rg BT 120.15 545.85 Td (increasing ) Tj ET Q q 0 0 0 rg BT 155.02 545.85 Td (carriage ) Tj ET Q q 0 0 0 rg BT 182.78 545.85 Td (fees ) Tj ET Q q 0 0 0 rg BT 197.66 545.85 Td (when ) Tj ET Q q 0 0 0 rg BT 216.98 545.85 Td (contracts ) Tj ET Q q 0 0 0 rg BT 247.86 545.85 Td (are ) Tj ET Q q 0 0 0 rg BT 259.63 545.85 Td (renewed.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 530.25 Td (On ) Tj ET Q q 0 0 0 rg BT 60.88 530.25 Td (March ) Tj ET Q q 0 0 0 rg BT 83.36 530.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 94.96 530.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 114.56 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.94 530.25 Td (two-year ) Tj ET Q q 0 0 0 rg BT 155.97 530.25 Td (period ) Tj ET Q q 0 0 0 rg BT 178.01 530.25 Td (during ) Tj ET Q q 0 0 0 rg BT 200.50 530.25 Td (which ) Tj ET Q q 0 0 0 rg BT 221.65 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.02 530.25 Td (United ) Tj ET Q q 0 0 0 rg BT 256.40 530.25 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 288.22 530.25 Td (is ) Tj ET Q q 0 0 0 rg BT 295.16 530.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.98 530.25 Td (finalize ) Tj ET Q q 0 0 0 rg BT 328.57 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.95 530.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 359.32 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.47 530.25 Td (process ) Tj ET Q q 0 0 0 rg BT 398.07 530.25 Td (for ) Tj ET Q q 0 0 0 rg BT 409.00 530.25 Td (leaving ) Tj ET Q q 0 0 0 rg BT 434.14 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.52 530.25 Td (European ) Tj ET Q q 0 0 0 rg BT 477.77 530.25 Td (Union, ) Tj ET Q q 0 0 0 rg BT 501.38 530.25 Td (commonly ) Tj ET Q q 0 0 0 rg BT 537.20 530.25 Td (referred ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 520.65 Td (to ) Tj ET Q q 0 0 0 rg BT 57.61 520.65 Td (as ) Tj ET Q q 0 0 0 rg BT 66.15 520.65 Td (Brexit ) Tj ET Q q 0 0 0 rg BT 95.14 520.65 Td (, ) Tj ET Q q 0 0 0 rg BT 99.02 520.65 Td (will ) Tj ET Q q 0 0 0 rg BT 113.35 520.65 Td (expire. ) Tj ET Q q 0 0 0 rg BT 137.08 520.65 Td (There ) Tj ET Q q 0 0 0 rg BT 157.62 520.65 Td (is ) Tj ET Q q 0 0 0 rg BT 164.84 520.65 Td (significant ) Tj ET Q q 0 0 0 rg BT 200.49 520.65 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 238.36 520.65 Td (regarding ) Tj ET Q q 0 0 0 rg BT 270.90 520.65 Td (the ) Tj ET Q q 0 0 0 rg BT 282.56 520.65 Td (terms ) Tj ET Q q 0 0 0 rg BT 302.21 520.65 Td (on ) Tj ET Q q 0 0 0 rg BT 312.10 520.65 Td (which ) Tj ET Q q 0 0 0 rg BT 333.53 520.65 Td (the ) Tj ET Q q 0 0 0 rg BT 345.19 520.65 Td (United ) Tj ET Q q 0 0 0 rg BT 368.85 520.65 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 400.95 520.65 Td (will ) Tj ET Q q 0 0 0 rg BT 415.28 520.65 Td (leave ) Tj ET Q q 0 0 0 rg BT 434.04 520.65 Td (the ) Tj ET Q q 0 0 0 rg BT 445.70 520.65 Td (EU, ) Tj ET Q q 0 0 0 rg BT 460.24 520.65 Td (and ) Tj ET Q q 0 0 0 rg BT 473.68 520.65 Td (it ) Tj ET Q q 0 0 0 rg BT 480.01 520.65 Td (is ) Tj ET Q q 0 0 0 rg BT 487.23 520.65 Td (expected ) Tj ET Q q 0 0 0 rg BT 517.54 520.65 Td (that ) Tj ET Q q 0 0 0 rg BT 531.42 520.65 Td (economic ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 511.05 Td (conditions ) Tj ET Q q 0 0 0 rg BT 84.52 511.05 Td (in ) Tj ET Q q 0 0 0 rg BT 92.43 511.05 Td (the ) Tj ET Q q 0 0 0 rg BT 103.89 511.05 Td (EU ) Tj ET Q q 0 0 0 rg BT 116.24 511.05 Td (will ) Tj ET Q q 0 0 0 rg BT 130.38 511.05 Td (be ) Tj ET Q q 0 0 0 rg BT 139.61 511.05 Td (impacted ) Tj ET Q q 0 0 0 rg BT 170.62 511.05 Td (by ) Tj ET Q q 0 0 0 rg BT 180.31 511.05 Td (Brexit ) Tj ET Q q 0 0 0 rg BT 201.99 511.05 Td (in ) Tj ET Q q 0 0 0 rg BT 209.90 511.05 Td (2019. ) Tj ET Q q 0 0 0 rg BT 229.59 511.05 Td (However) Tj ET Q q 0 0 0 rg BT 258.59 511.05 Td (, ) Tj ET Q q 0 0 0 rg BT 262.28 511.05 Td (we ) Tj ET Q q 0 0 0 rg BT 273.29 511.05 Td (have ) Tj ET Q q 0 0 0 rg BT 290.08 511.05 Td (not ) Tj ET Q q 0 0 0 rg BT 301.99 511.05 Td (seen ) Tj ET Q q 0 0 0 rg BT 317.89 511.05 Td (an ) Tj ET Q q 0 0 0 rg BT 327.13 511.05 Td (appreciable ) Tj ET Q q 0 0 0 rg BT 365.68 511.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 389.14 511.05 Td (on ) Tj ET Q q 0 0 0 rg BT 398.83 511.05 Td (the ) Tj ET Q q 0 0 0 rg BT 410.29 511.05 Td (behavior ) Tj ET Q q 0 0 0 rg BT 439.96 511.05 Td (of ) Tj ET Q q 0 0 0 rg BT 448.32 511.05 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 484.66 511.05 Td (in ) Tj ET Q q 0 0 0 rg BT 492.57 511.05 Td (the ) Tj ET Q q 0 0 0 rg BT 504.03 511.05 Td (countries ) Tj ET Q q 0 0 0 rg BT 535.04 511.05 Td (in ) Tj ET Q q 0 0 0 rg BT 542.95 511.05 Td (which ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 501.45 Td (we ) Tj ET Q q 0 0 0 rg BT 60.83 501.45 Td (operate ) Tj ET Q q 0 0 0 rg BT 86.37 501.45 Td (since ) Tj ET Q q 0 0 0 rg BT 104.80 501.45 Td (the ) Tj ET Q q 0 0 0 rg BT 116.58 501.45 Td (UK ) Tj ET Q q 0 0 0 rg BT 130.13 501.45 Td (electorate ) Tj ET Q q 0 0 0 rg BT 163.22 501.45 Td (voted ) Tj ET Q q 0 0 0 rg BT 182.99 501.45 Td (in ) Tj ET Q q 0 0 0 rg BT 191.21 501.45 Td (favor ) Tj ET Q q 0 0 0 rg BT 210.09 501.45 Td (of ) Tj ET Q q 0 0 0 rg BT 218.76 501.45 Td (Brexit ) Tj ET Q q 0 0 0 rg BT 240.75 501.45 Td (in ) Tj ET Q q 0 0 0 rg BT 248.98 501.45 Td (June ) Tj ET Q q 0 0 0 rg BT 265.64 501.45 Td (2016. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 485.85 Td (Over ) Tj ET Q q 0 0 0 rg BT 67.02 485.85 Td (the ) Tj ET Q q 0 0 0 rg BT 78.33 485.85 Td (long-term, ) Tj ET Q q 0 0 0 rg BT 113.41 485.85 Td (we ) Tj ET Q q 0 0 0 rg BT 124.27 485.85 Td (believe ) Tj ET Q q 0 0 0 rg BT 148.90 485.85 Td (that ) Tj ET Q q 0 0 0 rg BT 162.43 485.85 Td (there ) Tj ET Q q 0 0 0 rg BT 179.95 485.85 Td (is ) Tj ET Q q 0 0 0 rg BT 186.82 485.85 Td (an ) Tj ET Q q 0 0 0 rg BT 195.90 485.85 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 234.76 485.85 Td (for ) Tj ET Q q 0 0 0 rg BT 245.62 485.85 Td (GDP) Tj ET Q q 0 0 0 rg BT 261.33 485.85 Td ( ) Tj ET Q q 0 0 0 rg BT 262.86 485.85 Td (per ) Tj ET Q q 0 0 0 rg BT 274.61 485.85 Td (capita ) Tj ET Q q 0 0 0 rg BT 295.24 485.85 Td (in ) Tj ET Q q 0 0 0 rg BT 303.00 485.85 Td (our ) Tj ET Q q 0 0 0 rg BT 315.19 485.85 Td (markets ) Tj ET Q q 0 0 0 rg BT 342.05 485.85 Td (to ) Tj ET Q q 0 0 0 rg BT 349.80 485.85 Td (continue ) Tj ET Q q 0 0 0 rg BT 378.88 485.85 Td (conver) Tj ET Q q 0 0 0 rg BT 400.50 485.85 Td (ging ) Tj ET Q q 0 0 0 rg BT 416.26 485.85 Td (with ) Tj ET Q q 0 0 0 rg BT 432.01 485.85 Td (that ) Tj ET Q q 0 0 0 rg BT 445.54 485.85 Td (of ) Tj ET Q q 0 0 0 rg BT 453.74 485.85 Td (the ) Tj ET Q q 0 0 0 rg BT 465.04 485.85 Td (developed ) Tj ET Q q 0 0 0 rg BT 499.45 485.85 Td (markets ) Tj ET Q q 0 0 0 rg BT 526.31 485.85 Td (if ) Tj ET Q q 0 0 0 rg BT 532.73 485.85 Td (sustained ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 75.21 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.04 476.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 106.64 476.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 131.47 476.25 Td (continue. ) Tj ET Q q 0 0 0 rg BT 163.18 476.25 Td (In ) Tj ET Q q 0 0 0 rg BT 172.01 476.25 Td (our ) Tj ET Q q 0 0 0 rg BT 184.84 476.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 214.33 476.25 Td (total ) Tj ET Q q 0 0 0 rg BT 230.71 476.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 268.42 476.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 299.47 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.19 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.13 476.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 341.95 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 350.78 476.25 Td (total ) Tj ET Q q 0 0 0 rg BT 367.16 476.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 404.87 476.25 Td (spend ) Tj ET Q q 0 0 0 rg BT 425.70 476.25 Td (per ) Tj ET Q q 0 0 0 rg BT 438.08 476.25 Td (capita ) Tj ET Q q 0 0 0 rg BT 459.34 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.73 476.25 Td (nominal ) Tj ET Q q 0 0 0 rg BT 496.11 476.25 Td (GDP) Tj ET Q q 0 0 0 rg BT 511.82 476.25 Td ( ) Tj ET Q q 0 0 0 rg BT 513.98 476.25 Td (per ) Tj ET Q q 0 0 0 rg BT 526.36 476.25 Td (capita, ) Tj ET Q q 0 0 0 rg BT 549.62 476.25 Td (also ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 466.65 Td (known ) Tj ET Q q 0 0 0 rg BT 72.62 466.65 Td (as ) Tj ET Q q 0 0 0 rg BT 80.62 466.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 117.51 466.65 Td (intensity) Tj ET Q q 0 0 0 rg BT 144.55 466.65 Td (, ) Tj ET Q q 0 0 0 rg BT 147.89 466.65 Td (both ) Tj ET Q q 0 0 0 rg BT 163.45 466.65 Td (remain ) Tj ET Q q 0 0 0 rg BT 187.00 466.65 Td (significantly ) Tj ET Q q 0 0 0 rg BT 228.33 466.65 Td (below ) Tj ET Q q 0 0 0 rg BT 249.23 466.65 Td (levels ) Tj ET Q q 0 0 0 rg BT 269.23 466.65 Td (of ) Tj ET Q q 0 0 0 rg BT 277.23 466.65 Td (developed ) Tj ET Q q 0 0 0 rg BT 311.45 466.65 Td (markets. ) Tj ET Q q 0 0 0 rg BT 340.02 466.65 Td (This ) Tj ET Q q 0 0 0 rg BT 355.58 466.65 Td (is ) Tj ET Q q 0 0 0 rg BT 362.26 466.65 Td (due ) Tj ET Q q 0 0 0 rg BT 375.15 466.65 Td (in ) Tj ET Q q 0 0 0 rg BT 382.71 466.65 Td (part ) Tj ET Q q 0 0 0 rg BT 396.49 466.65 Td (to ) Tj ET Q q 0 0 0 rg BT 404.05 466.65 Td (the ) Tj ET Q q 0 0 0 rg BT 415.17 466.65 Td (fact ) Tj ET Q q 0 0 0 rg BT 428.50 466.65 Td (that ) Tj ET Q q 0 0 0 rg BT 441.83 466.65 Td (basic ) Tj ET Q q 0 0 0 rg BT 459.61 466.65 Td (products ) Tj ET Q q 0 0 0 rg BT 488.50 466.65 Td (such ) Tj ET Q q 0 0 0 rg BT 504.51 466.65 Td (as ) Tj ET Q q 0 0 0 rg BT 512.51 466.65 Td (food, ) Tj ET Q q 0 0 0 rg BT 530.52 466.65 Td (beverages ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 457.05 Td (and ) Tj ET Q q 0 0 0 rg BT 62.32 457.05 Td (household ) Tj ET Q q 0 0 0 rg BT 96.48 457.05 Td (cleaning ) Tj ET Q q 0 0 0 rg BT 124.85 457.05 Td (supplies ) Tj ET Q q 0 0 0 rg BT 152.34 457.05 Td (comprise ) Tj ET Q q 0 0 0 rg BT 182.94 457.05 Td (the ) Tj ET Q q 0 0 0 rg BT 193.98 457.05 Td (main ) Tj ET Q q 0 0 0 rg BT 211.25 457.05 Td (source ) Tj ET Q q 0 0 0 rg BT 233.40 457.05 Td (of ) Tj ET Q q 0 0 0 rg BT 241.34 457.05 Td (advertising ) Tj ET Q q 0 0 0 rg BT 278.16 457.05 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 309.86 457.05 Td (whereas ) Tj ET Q q 0 0 0 rg BT 337.34 457.05 Td (in ) Tj ET Q q 0 0 0 rg BT 344.83 457.05 Td (the ) Tj ET Q q 0 0 0 rg BT 355.88 457.05 Td (developed ) Tj ET Q q 0 0 0 rg BT 390.02 457.05 Td (markets, ) Tj ET Q q 0 0 0 rg BT 418.62 457.05 Td (the ) Tj ET Q q 0 0 0 rg BT 429.66 457.05 Td (marketing ) Tj ET Q q 0 0 0 rg BT 463.37 457.05 Td (of ) Tj ET Q q 0 0 0 rg BT 471.30 457.05 Td (premium ) Tj ET Q q 0 0 0 rg BT 501.46 457.05 Td (products, ) Tj ET Q q 0 0 0 rg BT 532.28 457.05 Td (including ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 447.45 Td (finance, ) Tj ET Q q 0 0 0 rg BT 77.37 447.45 Td (automotive, ) Tj ET Q q 0 0 0 rg BT 117.70 447.45 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 164.01 447.45 Td (and ) Tj ET Q q 0 0 0 rg BT 177.90 447.45 Td (travel ) Tj ET Q q 0 0 0 rg BT 198.44 447.45 Td (products, ) Tj ET Q q 0 0 0 rg BT 230.33 447.45 Td (makes ) Tj ET Q q 0 0 0 rg BT 253.10 447.45 Td (up ) Tj ET Q q 0 0 0 rg BT 263.43 447.45 Td (the ) Tj ET Q q 0 0 0 rg BT 275.54 447.45 Td (majority ) Tj ET Q q 0 0 0 rg BT 304.98 447.45 Td (of ) Tj ET Q q 0 0 0 rg BT 313.98 447.45 Td (current ) Tj ET Q q 0 0 0 rg BT 338.96 447.45 Td (television ) Tj ET Q q 0 0 0 rg BT 372.40 447.45 Td (advertising ) Tj ET Q q 0 0 0 rg BT 410.29 447.45 Td (spending. ) Tj ET Q q 0 0 0 rg BT 442.99 447.45 Td (As ) Tj ET Q q 0 0 0 rg BT 454.22 447.45 Td (a ) Tj ET Q q 0 0 0 rg BT 460.10 447.45 Td (result, ) Tj ET Q q 0 0 0 rg BT 482.21 447.45 Td (higher ) Tj ET Q q 0 0 0 rg BT 504.98 447.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 522.41 447.45 Td (of ) Tj ET Q q 0 0 0 rg BT 531.41 447.45 Td (economic ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 437.85 Td (growth ) Tj ET Q q 0 0 0 rg BT 74.16 437.85 Td (in ) Tj ET Q q 0 0 0 rg BT 82.39 437.85 Td (our ) Tj ET Q q 0 0 0 rg BT 95.05 437.85 Td (markets ) Tj ET Q q 0 0 0 rg BT 122.38 437.85 Td (should ) Tj ET Q q 0 0 0 rg BT 145.71 437.85 Td (also ) Tj ET Q q 0 0 0 rg BT 160.60 437.85 Td (result ) Tj ET Q q 0 0 0 rg BT 180.37 437.85 Td (in ) Tj ET Q q 0 0 0 rg BT 188.59 437.85 Td (higher ) Tj ET Q q 0 0 0 rg BT 211.03 437.85 Td (rates ) Tj ET Q q 0 0 0 rg BT 228.13 437.85 Td (of ) Tj ET Q q 0 0 0 rg BT 236.80 437.85 Td (growth ) Tj ET Q q 0 0 0 rg BT 261.46 437.85 Td (in ) Tj ET Q q 0 0 0 rg BT 269.68 437.85 Td (advertising ) Tj ET Q q 0 0 0 rg BT 307.23 437.85 Td (spending.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 422.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 69.11 422.25 Td (television ) Tj ET Q q 0 0 0 rg BT 102.05 422.25 Td (was ) Tj ET Q q 0 0 0 rg BT 116.33 422.25 Td (commercialized ) Tj ET Q q 0 0 0 rg BT 169.25 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.30 422.25 Td (our ) Tj ET Q q 0 0 0 rg BT 189.80 422.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 216.96 422.25 Td (at ) Tj ET Q q 0 0 0 rg BT 224.57 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.18 422.25 Td (same ) Tj ET Q q 0 0 0 rg BT 254.46 422.25 Td (time ) Tj ET Q q 0 0 0 rg BT 270.51 422.25 Td (as ) Tj ET Q q 0 0 0 rg BT 279.01 422.25 Td (other ) Tj ET Q q 0 0 0 rg BT 297.29 422.25 Td (forms ) Tj ET Q q 0 0 0 rg BT 317.79 422.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.29 422.25 Td (media, ) Tj ET Q q 0 0 0 rg BT 349.67 422.25 Td (television ) Tj ET Q q 0 0 0 rg BT 382.61 422.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 419.99 422.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 451.59 422.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 481.41 422.25 Td (for ) Tj ET Q q 0 0 0 rg BT 492.58 422.25 Td (a ) Tj ET Q q 0 0 0 rg BT 497.96 422.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 520.24 422.25 Td (proportion ) Tj ET Q q 0 0 0 rg BT 555.85 422.25 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 412.65 Td (total ) Tj ET Q q 0 0 0 rg BT 65.95 412.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 103.74 412.65 Td (spend ) Tj ET Q q 0 0 0 rg BT 124.64 412.65 Td (than ) Tj ET Q q 0 0 0 rg BT 140.64 412.65 Td (in ) Tj ET Q q 0 0 0 rg BT 149.10 412.65 Td (the ) Tj ET Q q 0 0 0 rg BT 161.11 412.65 Td (developed ) Tj ET Q q 0 0 0 rg BT 196.22 412.65 Td (markets, ) Tj ET Q q 0 0 0 rg BT 225.78 412.65 Td (where ) Tj ET Q q 0 0 0 rg BT 247.56 412.65 Td (newspapers, ) Tj ET Q q 0 0 0 rg BT 289.12 412.65 Td (magazines ) Tj ET Q q 0 0 0 rg BT 325.11 412.65 Td (and ) Tj ET Q q 0 0 0 rg BT 338.90 412.65 Td (radio ) Tj ET Q q 0 0 0 rg BT 357.57 412.65 Td (were ) Tj ET Q q 0 0 0 rg BT 375.35 412.65 Td (established ) Tj ET Q q 0 0 0 rg BT 413.13 412.65 Td (as ) Tj ET Q q 0 0 0 rg BT 422.03 412.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 459.81 412.65 Td (media ) Tj ET Q q 0 0 0 rg BT 481.60 412.65 Td (well ) Tj ET Q q 0 0 0 rg BT 497.60 412.65 Td (before ) Tj ET Q q 0 0 0 rg BT 520.27 412.65 Td (the ) Tj ET Q q 0 0 0 rg BT 532.28 412.65 Td (advent ) Tj ET Q q 0 0 0 rg BT 555.84 412.65 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 403.05 Td (television. ) Tj ET Q q 0 0 0 rg BT 84.24 403.05 Td (And ) Tj ET Q q 0 0 0 rg BT 100.12 403.05 Td (contrary ) Tj ET Q q 0 0 0 rg BT 128.87 403.05 Td (to ) Tj ET Q q 0 0 0 rg BT 137.19 403.05 Td (trends ) Tj ET Q q 0 0 0 rg BT 158.84 403.05 Td (in ) Tj ET Q q 0 0 0 rg BT 167.16 403.05 Td (developed ) Tj ET Q q 0 0 0 rg BT 202.13 403.05 Td (markets, ) Tj ET Q q 0 0 0 rg BT 231.56 403.05 Td (television ) Tj ET Q q 0 0 0 rg BT 264.76 403.05 Td (advertising ) Tj ET Q q 0 0 0 rg BT 302.41 403.05 Td (spend ) Tj ET Q q 0 0 0 rg BT 323.17 403.05 Td (as ) Tj ET Q q 0 0 0 rg BT 331.93 403.05 Td (a ) Tj ET Q q 0 0 0 rg BT 337.58 403.05 Td (percentage ) Tj ET Q q 0 0 0 rg BT 374.32 403.05 Td (of ) Tj ET Q q 0 0 0 rg BT 383.08 403.05 Td (total ) Tj ET Q q 0 0 0 rg BT 399.40 403.05 Td (advertising ) Tj ET Q q 0 0 0 rg BT 437.05 403.05 Td (spend ) Tj ET Q q 0 0 0 rg BT 457.81 403.05 Td (has ) Tj ET Q q 0 0 0 rg BT 470.57 403.05 Td (grown ) Tj ET Q q 0 0 0 rg BT 493.11 403.05 Td (in ) Tj ET Q q 0 0 0 rg BT 501.43 403.05 Td (our ) Tj ET Q q 0 0 0 rg BT 514.19 403.05 Td (markets ) Tj ET Q q 0 0 0 rg BT 541.62 403.05 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 393.45 Td (recent ) Tj ET Q q 0 0 0 rg BT 71.04 393.45 Td (years.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 377.85 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 377.85 Td (e ) Tj ET Q q 0 0 0 rg BT 61.38 377.85 Td (believe ) Tj ET Q q 0 0 0 rg BT 85.90 377.85 Td (that ) Tj ET Q q 0 0 0 rg BT 99.32 377.85 Td (television ) Tj ET Q q 0 0 0 rg BT 131.84 377.85 Td (advertising ) Tj ET Q q 0 0 0 rg BT 168.81 377.85 Td (will ) Tj ET Q q 0 0 0 rg BT 182.68 377.85 Td (continue ) Tj ET Q q 0 0 0 rg BT 211.65 377.85 Td (to ) Tj ET Q q 0 0 0 rg BT 219.29 377.85 Td (hold ) Tj ET Q q 0 0 0 rg BT 234.93 377.85 Td (its ) Tj ET Q q 0 0 0 rg BT 243.91 377.85 Td (share ) Tj ET Q q 0 0 0 rg BT 262.21 377.85 Td (of ) Tj ET Q q 0 0 0 rg BT 270.30 377.85 Td (total ) Tj ET Q q 0 0 0 rg BT 285.94 377.85 Td (advertising ) Tj ET Q q 0 0 0 rg BT 322.90 377.85 Td (spend ) Tj ET Q q 0 0 0 rg BT 342.99 377.85 Td (in ) Tj ET Q q 0 0 0 rg BT 350.63 377.85 Td (our ) Tj ET Q q 0 0 0 rg BT 362.72 377.85 Td (markets ) Tj ET Q q 0 0 0 rg BT 389.46 377.85 Td (because ) Tj ET Q q 0 0 0 rg BT 416.20 377.85 Td (of ) Tj ET Q q 0 0 0 rg BT 424.29 377.85 Td (its ) Tj ET Q q 0 0 0 rg BT 433.26 377.85 Td (greater ) Tj ET Q q 0 0 0 rg BT 456.89 377.85 Td (reach ) Tj ET Q q 0 0 0 rg BT 475.63 377.85 Td (and ) Tj ET Q q 0 0 0 rg BT 488.60 377.85 Td (ef) Tj ET Q q 0 0 0 rg BT 494.67 377.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 517.85 377.85 Td (measurement, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (which ) Tj ET Q q 0 0 0 rg BT 71.17 368.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 93.73 368.25 Td (this ) Tj ET Q q 0 0 0 rg BT 107.41 368.25 Td (medium ) Tj ET Q q 0 0 0 rg BT 135.75 368.25 Td (more ) Tj ET Q q 0 0 0 rg BT 154.30 368.25 Td (appealing ) Tj ET Q q 0 0 0 rg BT 187.52 368.25 Td (to ) Tj ET Q q 0 0 0 rg BT 195.86 368.25 Td (advertisers. ) Tj ET Q q 0 0 0 rg BT 234.48 368.25 Td (T) Tj ET Q q 0 0 0 rg BT 238.81 368.25 Td (elevision ) Tj ET Q q 0 0 0 rg BT 269.81 368.25 Td (is ) Tj ET Q q 0 0 0 rg BT 277.27 368.25 Td (especially ) Tj ET Q q 0 0 0 rg BT 311.38 368.25 Td (attractive ) Tj ET Q q 0 0 0 rg BT 343.25 368.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.60 368.25 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 388.37 368.25 Td (because ) Tj ET Q q 0 0 0 rg BT 415.80 368.25 Td (it ) Tj ET Q q 0 0 0 rg BT 422.37 368.25 Td (delivers ) Tj ET Q q 0 0 0 rg BT 449.81 368.25 Td (high ) Tj ET Q q 0 0 0 rg BT 466.16 368.25 Td (reach ) Tj ET Q q 0 0 0 rg BT 485.59 368.25 Td (at ) Tj ET Q q 0 0 0 rg BT 493.49 368.25 Td (low ) Tj ET Q q 0 0 0 rg BT 507.61 368.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 522.61 368.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 556.27 368.25 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 358.65 Td (other ) Tj ET Q q 0 0 0 rg BT 67.28 358.65 Td (forms ) Tj ET Q q 0 0 0 rg BT 87.29 358.65 Td (of ) Tj ET Q q 0 0 0 rg BT 95.30 358.65 Td (media. ) Tj ET Q q 0 0 0 rg BT 118.19 358.65 Td (More ) Tj ET Q q 0 0 0 rg BT 136.86 358.65 Td (recently) Tj ET Q q 0 0 0 rg BT 162.11 358.65 Td (, ) Tj ET Q q 0 0 0 rg BT 165.45 358.65 Td (internet ) Tj ET Q q 0 0 0 rg BT 191.23 358.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 228.12 358.65 Td (has ) Tj ET Q q 0 0 0 rg BT 240.13 358.65 Td (grown ) Tj ET Q q 0 0 0 rg BT 261.92 358.65 Td (at ) Tj ET Q q 0 0 0 rg BT 269.03 358.65 Td (the ) Tj ET Q q 0 0 0 rg BT 280.15 358.65 Td (expense ) Tj ET Q q 0 0 0 rg BT 307.26 358.65 Td (of ) Tj ET Q q 0 0 0 rg BT 315.27 358.65 Td (print ) Tj ET Q q 0 0 0 rg BT 331.73 358.65 Td (and ) Tj ET Q q 0 0 0 rg BT 344.62 358.65 Td (outdoor ) Tj ET Q q 0 0 0 rg BT 370.85 358.65 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 409.74 358.65 Td (and ) Tj ET Q q 0 0 0 rg BT 422.64 358.65 Td (we ) Tj ET Q q 0 0 0 rg BT 433.31 358.65 Td (of) Tj ET Q q 0 0 0 rg BT 439.83 358.65 Td (fer ) Tj ET Q q 0 0 0 rg BT 450.06 358.65 Td (additional ) Tj ET Q q 0 0 0 rg BT 483.39 358.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 520.28 358.65 Td (opportunities ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 349.05 Td (when ) Tj ET Q q 0 0 0 rg BT 68.86 349.05 Td (clients ) Tj ET Q q 0 0 0 rg BT 91.77 349.05 Td (seek ) Tj ET Q q 0 0 0 rg BT 108.02 349.05 Td (to ) Tj ET Q q 0 0 0 rg BT 116.27 349.05 Td (complement ) Tj ET Q q 0 0 0 rg BT 157.84 349.05 Td (their ) Tj ET Q q 0 0 0 rg BT 174.53 349.05 Td (television ) Tj ET Q q 0 0 0 rg BT 207.67 349.05 Td (campaigns ) Tj ET Q q 0 0 0 rg BT 243.91 349.05 Td (with ) Tj ET Q q 0 0 0 rg BT 260.16 349.05 Td (campaigns ) Tj ET Q q 0 0 0 rg BT 296.40 349.05 Td (online. ) Tj ET Q q 0 0 0 rg BT 320.28 349.05 Td (While ) Tj ET Q q 0 0 0 rg BT 341.86 349.05 Td (spending ) Tj ET Q q 0 0 0 rg BT 372.78 349.05 Td (for ) Tj ET Q q 0 0 0 rg BT 384.14 349.05 Td (digital ) Tj ET Q q 0 0 0 rg BT 406.61 349.05 Td (advertising ) Tj ET Q q 0 0 0 rg BT 444.19 349.05 Td (has ) Tj ET Q q 0 0 0 rg BT 456.88 349.05 Td (overtaken ) Tj ET Q q 0 0 0 rg BT 490.45 349.05 Td (spending ) Tj ET Q q 0 0 0 rg BT 521.37 349.05 Td (on ) Tj ET Q q 0 0 0 rg BT 531.40 349.05 Td (television ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 339.45 Td (in ) Tj ET Q q 0 0 0 rg BT 57.77 339.45 Td (the ) Tj ET Q q 0 0 0 rg BT 69.58 339.45 Td (developed ) Tj ET Q q 0 0 0 rg BT 104.50 339.45 Td (markets, ) Tj ET Q q 0 0 0 rg BT 133.87 339.45 Td (this ) Tj ET Q q 0 0 0 rg BT 147.47 339.45 Td (is ) Tj ET Q q 0 0 0 rg BT 154.85 339.45 Td (not ) Tj ET Q q 0 0 0 rg BT 167.11 339.45 Td (the ) Tj ET Q q 0 0 0 rg BT 178.93 339.45 Td (case ) Tj ET Q q 0 0 0 rg BT 194.74 339.45 Td (in ) Tj ET Q q 0 0 0 rg BT 203.00 339.45 Td (our ) Tj ET Q q 0 0 0 rg BT 215.71 339.45 Td (markets ) Tj ET Q q 0 0 0 rg BT 243.08 339.45 Td (and ) Tj ET Q q 0 0 0 rg BT 256.67 339.45 Td (we ) Tj ET Q q 0 0 0 rg BT 268.04 339.45 Td (believe ) Tj ET Q q 0 0 0 rg BT 293.18 339.45 Td (the ) Tj ET Q q 0 0 0 rg BT 305.00 339.45 Td (strength ) Tj ET Q q 0 0 0 rg BT 332.82 339.45 Td (of ) Tj ET Q q 0 0 0 rg BT 341.52 339.45 Td (television ) Tj ET Q q 0 0 0 rg BT 374.67 339.45 Td (as ) Tj ET Q q 0 0 0 rg BT 383.38 339.45 Td (an ) Tj ET Q q 0 0 0 rg BT 392.97 339.45 Td (advertising ) Tj ET Q q 0 0 0 rg BT 430.56 339.45 Td (medium ) Tj ET Q q 0 0 0 rg BT 458.82 339.45 Td (will ) Tj ET Q q 0 0 0 rg BT 473.31 339.45 Td (continue ) Tj ET Q q 0 0 0 rg BT 502.90 339.45 Td (for ) Tj ET Q q 0 0 0 rg BT 514.27 339.45 Td (the ) Tj ET Q q 0 0 0 rg BT 526.09 339.45 Td (foreseeable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 329.85 Td (future.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 314.25 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 314.25 Td (following ) Tj ET Q q 0 0 0 rg BT 97.05 314.25 Td (table ) Tj ET Q q 0 0 0 rg BT 114.59 314.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 128.59 314.25 Td (out ) Tj ET Q q 0 0 0 rg BT 140.82 314.25 Td (our ) Tj ET Q q 0 0 0 rg BT 153.48 314.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 185.25 314.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.91 314.25 Td (television ) Tj ET Q q 0 0 0 rg BT 227.02 314.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 264.57 314.25 Td (spending, ) Tj ET Q q 0 0 0 rg BT 297.45 314.25 Td (net ) Tj ET Q q 0 0 0 rg BT 309.23 314.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.89 314.25 Td (discounts, ) Tj ET Q q 0 0 0 rg BT 352.11 314.25 Td (by ) Tj ET Q q 0 0 0 rg BT 362.11 314.25 Td (country ) Tj ET Q q 0 0 0 rg BT 388.55 314.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 399.44 314.25 Td (US$ ) Tj ET Q q 0 0 0 rg BT 415.66 314.25 Td (millions\) ) Tj ET Q q 0 0 0 rg BT 446.55 314.25 Td (for ) Tj ET Q q 0 0 0 rg BT 457.88 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.66 314.25 Td (years ) Tj ET Q q 0 0 0 rg BT 488.54 314.25 Td (set ) Tj ET Q q 0 0 0 rg BT 499.42 314.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 516.97 314.25 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 290.75 288.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 290.75 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 290.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 290.75 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 290.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 290.75 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 264.75 288.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 264.75 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 264.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 264.75 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 264.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 264.75 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 238.75 288.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 238.75 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 238.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 238.75 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 238.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 238.75 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 212.75 288.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 212.75 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 212.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 212.75 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 212.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 212.75 72.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 290.75 m 409.5 290.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 290.75 m 485.5 290.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 290.75 m 561.5 290.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 290.75 m 409.5 290.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 290.75 m 485.5 290.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 290.75 m 561.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 225.75 m 409.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 225.75 m 485.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 225.75 m 561.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 225.75 m 409.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 213.75 m 409.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 211.75 m 409.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 225.75 m 485.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 213.75 m 485.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 211.75 m 485.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 225.75 m 561.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 213.75 m 561.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 211.75 m 561.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 211.75 m 561.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 213.75 m 561.5 213.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 294.98 Td (Country) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.00 294.98 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 294.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.00 294.98 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 282.00 Td (Bulgaria) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 282.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.00 282.00 Td (1) Tj ET Q q 0 0 0 rg BT 393.00 282.00 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 282.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.00 282.00 Td (109) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 282.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.00 282.00 Td (105) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 269.00 Td (Czech Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.00 269.00 Td (342) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.00 269.00 Td (332) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.00 269.00 Td (321) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 256.00 Td (Romania*) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.00 256.00 Td (259) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.00 256.00 Td (249) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.00 256.00 Td (222) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 243.00 Td (Slovak Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.00 243.00 Td (154) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.00 243.00 Td (149) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.00 243.00 Td (143) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 230.00 Td (Slovenia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.00 230.00 Td (71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.00 230.00 Td (71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.00 230.00 Td (69) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 216.98 Td (T) Tj ET Q q 0 0 0 rg BT 56.97 216.98 Td (otal CME Markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.00 216.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.00 216.98 Td (941) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.00 216.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.00 216.98 Td (910) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.00 216.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.00 216.98 Td (860) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 203.98 Td (Gr) Tj ET Q q 0 0 0 rg BT 61.63 203.98 Td (owth rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.00 203.98 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.00 203.98 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.00 203.98 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.00 203.98 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 549.00 203.98 Td (7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.00 203.98 Td (%) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 190.65 Td (* ) Tj ET Q q 0 0 0 rg BT 55.50 190.65 Td (Romania ) Tj ET Q q 0 0 0 rg BT 86.38 190.65 Td (market ) Tj ET Q q 0 0 0 rg BT 110.59 190.65 Td (excludes ) Tj ET Q q 0 0 0 rg BT 140.58 190.65 Td (Moldova.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 181.05 Td (Source: ) Tj ET Q q 0 0 0 rg BT 75.94 181.05 Td (CME ) Tj ET Q q 0 0 0 rg BT 95.27 181.05 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 129.04 181.05 Td (using ) Tj ET Q q 0 0 0 rg BT 148.38 181.05 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 160.15 181.05 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 176.15 181.05 Td ( ) Tj ET Q q 0 0 0 rg BT 178.15 181.05 Td (average ) Tj ET Q q 0 0 0 rg BT 205.02 181.05 Td (exchange ) Tj ET Q q 0 0 0 rg BT 237.22 181.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 251.21 181.05 Td (for ) Tj ET Q q 0 0 0 rg BT 262.54 181.05 Td (all ) Tj ET Q q 0 0 0 rg BT 272.54 181.05 Td (periods ) Tj ET Q q 0 0 0 rg BT 298.09 181.05 Td (presented ) Tj ET Q q 0 0 0 rg BT 330.74 181.05 Td (above.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 165.45 Td (On ) Tj ET Q q 0 0 0 rg BT 61.57 165.45 Td (a ) Tj ET Q q 0 0 0 rg BT 67.41 165.45 Td (constant ) Tj ET Q q 0 0 0 rg BT 96.36 165.45 Td (currency ) Tj ET Q q 0 0 0 rg BT 126.63 165.45 Td (basis, ) Tj ET Q q 0 0 0 rg BT 146.91 165.45 Td (we ) Tj ET Q q 0 0 0 rg BT 158.53 165.45 Td (estimate ) Tj ET Q q 0 0 0 rg BT 187.48 165.45 Td (television ) Tj ET Q q 0 0 0 rg BT 220.87 165.45 Td (advertising ) Tj ET Q q 0 0 0 rg BT 258.71 165.45 Td (spending ) Tj ET Q q 0 0 0 rg BT 289.88 165.45 Td (in ) Tj ET Q q 0 0 0 rg BT 298.39 165.45 Td (our ) Tj ET Q q 0 0 0 rg BT 311.35 165.45 Td (markets ) Tj ET Q q 0 0 0 rg BT 338.96 165.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 371.45 165.45 Td (an ) Tj ET Q q 0 0 0 rg BT 381.29 165.45 Td (estimated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.24 165.45 Td (3%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.90 165.45 Td ( ) Tj ET Q q 0 0 0 rg BT 427.19 165.45 Td (in ) Tj ET Q q 0 0 0 rg BT 435.70 165.45 Td (2018 ) Tj ET Q q 0 0 0 rg BT 453.99 165.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 487.82 165.45 Td (to ) Tj ET Q q 0 0 0 rg BT 496.33 165.45 Td (the ) Tj ET Q q 0 0 0 rg BT 508.39 165.45 Td (previous ) Tj ET Q q 0 0 0 rg BT 538.23 165.45 Td (year) Tj ET Q q 0 0 0 rg BT 551.56 165.45 Td (. ) Tj ET Q q 0 0 0 rg BT 555.85 165.45 Td (In ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 155.85 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 80.86 155.85 Td (the ) Tj ET Q q 0 0 0 rg BT 92.46 155.85 Td (market ) Tj ET Q q 0 0 0 rg BT 116.48 155.85 Td (increased ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 148.50 155.85 Td (5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 159.17 155.85 Td ( ) Tj ET Q q 0 0 0 rg BT 160.99 155.85 Td (as ) Tj ET Q q 0 0 0 rg BT 169.47 155.85 Td (the ) Tj ET Q q 0 0 0 rg BT 181.06 155.85 Td (volume ) Tj ET Q q 0 0 0 rg BT 206.87 155.85 Td (of ) Tj ET Q q 0 0 0 rg BT 215.35 155.85 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 235.85 155.85 Td (sold ) Tj ET Q q 0 0 0 rg BT 251.00 155.85 Td (increased ) Tj ET Q q 0 0 0 rg BT 283.02 155.85 Td (significantly) Tj ET Q q 0 0 0 rg BT 322.49 155.85 Td (, ) Tj ET Q q 0 0 0 rg BT 326.31 155.85 Td (which ) Tj ET Q q 0 0 0 rg BT 347.68 155.85 Td (was ) Tj ET Q q 0 0 0 rg BT 361.94 155.85 Td (partially ) Tj ET Q q 0 0 0 rg BT 390.41 155.85 Td (of) Tj ET Q q 0 0 0 rg BT 396.93 155.85 Td (fset ) Tj ET Q q 0 0 0 rg BT 410.30 155.85 Td (by ) Tj ET Q q 0 0 0 rg BT 420.12 155.85 Td (lower ) Tj ET Q q 0 0 0 rg BT 440.15 155.85 Td (average ) Tj ET Q q 0 0 0 rg BT 466.83 155.85 Td (prices. ) Tj ET Q q 0 0 0 rg BT 489.75 155.85 Td (In ) Tj ET Q q 0 0 0 rg BT 498.23 155.85 Td (the ) Tj ET Q q 0 0 0 rg BT 509.82 155.85 Td (Czech ) Tj ET Q q 0 0 0 rg BT 531.63 155.85 Td (Republic, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 146.25 Td (market ) Tj ET Q q 0 0 0 rg BT 73.71 146.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 98.38 146.25 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 107.04 146.25 Td (3%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.70 146.25 Td ( ) Tj ET Q q 0 0 0 rg BT 119.70 146.25 Td (was ) Tj ET Q q 0 0 0 rg BT 134.14 146.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 156.58 146.25 Td (by ) Tj ET Q q 0 0 0 rg BT 166.58 146.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 189.91 146.25 Td (more ) Tj ET Q q 0 0 0 rg BT 208.35 146.25 Td (GRPs, ) Tj ET Q q 0 0 0 rg BT 231.03 146.25 Td (with ) Tj ET Q q 0 0 0 rg BT 247.25 146.25 Td (more ) Tj ET Q q 0 0 0 rg BT 265.69 146.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 296.57 146.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 319.45 146.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 344.56 146.25 Td (peak ) Tj ET Q q 0 0 0 rg BT 361.66 146.25 Td (seasons ) Tj ET Q q 0 0 0 rg BT 388.10 146.25 Td (as ) Tj ET Q q 0 0 0 rg BT 396.77 146.25 Td (well ) Tj ET Q q 0 0 0 rg BT 412.54 146.25 Td (as ) Tj ET Q q 0 0 0 rg BT 421.20 146.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 455.20 146.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 487.86 146.25 Td (available ) Tj ET Q q 0 0 0 rg BT 518.73 146.25 Td (on ) Tj ET Q q 0 0 0 rg BT 528.73 146.25 Td (competing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 136.65 Td (channels. ) Tj ET Q q 0 0 0 rg BT 81.73 136.65 Td (In ) Tj ET Q q 0 0 0 rg BT 90.64 136.65 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 123.76 136.65 Td (the ) Tj ET Q q 0 0 0 rg BT 135.78 136.65 Td (market ) Tj ET Q q 0 0 0 rg BT 160.23 136.65 Td (grew ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.46 136.65 Td (4%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.13 136.65 Td ( ) Tj ET Q q 0 0 0 rg BT 191.37 136.65 Td (due ) Tj ET Q q 0 0 0 rg BT 205.16 136.65 Td (to ) Tj ET Q q 0 0 0 rg BT 213.63 136.65 Td (higher ) Tj ET Q q 0 0 0 rg BT 236.31 136.65 Td (average ) Tj ET Q q 0 0 0 rg BT 263.42 136.65 Td (prices. ) Tj ET Q q 0 0 0 rg BT 286.76 136.65 Td (In ) Tj ET Q q 0 0 0 rg BT 295.67 136.65 Td (the ) Tj ET Q q 0 0 0 rg BT 307.68 136.65 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 332.15 136.65 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 365.27 136.65 Td (the ) Tj ET Q q 0 0 0 rg BT 377.29 136.65 Td (market ) Tj ET Q q 0 0 0 rg BT 401.74 136.65 Td (grew ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.98 136.65 Td (4%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.64 136.65 Td ( ) Tj ET Q q 0 0 0 rg BT 432.88 136.65 Td (due ) Tj ET Q q 0 0 0 rg BT 446.68 136.65 Td (to ) Tj ET Q q 0 0 0 rg BT 455.14 136.65 Td (higher ) Tj ET Q q 0 0 0 rg BT 477.82 136.65 Td (average ) Tj ET Q q 0 0 0 rg BT 504.93 136.65 Td (prices, ) Tj ET Q q 0 0 0 rg BT 528.27 136.65 Td (which ) Tj ET Q q 0 0 0 rg BT 550.07 136.65 Td (was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 127.05 Td (partially ) Tj ET Q q 0 0 0 rg BT 78.22 127.05 Td (of) Tj ET Q q 0 0 0 rg BT 84.74 127.05 Td (fset ) Tj ET Q q 0 0 0 rg BT 98.36 127.05 Td (by ) Tj ET Q q 0 0 0 rg BT 108.42 127.05 Td (fewer ) Tj ET Q q 0 0 0 rg BT 128.70 127.05 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 149.44 127.05 Td (sold, ) Tj ET Q q 0 0 0 rg BT 166.84 127.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 198.67 127.05 Td (by ) Tj ET Q q 0 0 0 rg BT 208.74 127.05 Td (the ) Tj ET Q q 0 0 0 rg BT 220.58 127.05 Td (competition. ) Tj ET Q q 0 0 0 rg BT 262.86 127.05 Td (In ) Tj ET Q q 0 0 0 rg BT 271.59 127.05 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 303.65 127.05 Td (the ) Tj ET Q q 0 0 0 rg BT 315.49 127.05 Td (market ) Tj ET Q q 0 0 0 rg BT 339.76 127.05 Td (was ) Tj ET Q q 0 0 0 rg BT 354.27 127.05 Td (broadly ) Tj ET Q q 0 0 0 rg BT 380.77 127.05 Td (flat ) Tj ET Q q 0 0 0 rg BT 393.50 127.05 Td (due ) Tj ET Q q 0 0 0 rg BT 407.12 127.05 Td (to ) Tj ET Q q 0 0 0 rg BT 415.40 127.05 Td (a ) Tj ET Q q 0 0 0 rg BT 421.02 127.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 456.85 127.05 Td (decline ) Tj ET Q q 0 0 0 rg BT 482.02 127.05 Td (in ) Tj ET Q q 0 0 0 rg BT 490.31 127.05 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 511.05 127.05 Td (sold, ) Tj ET Q q 0 0 0 rg BT 528.45 127.05 Td (which ) Tj ET Q q 0 0 0 rg BT 550.06 127.05 Td (was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 117.45 Td (mostly ) Tj ET Q q 0 0 0 rg BT 73.28 117.45 Td (of) Tj ET Q q 0 0 0 rg BT 79.80 117.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 93.35 117.45 Td (by ) Tj ET Q q 0 0 0 rg BT 103.35 117.45 Td (higher ) Tj ET Q q 0 0 0 rg BT 125.79 117.45 Td (prices. ) Tj ET Q endstream endobj 47 0 obj <>] /Rotate 0 /Contents 48 0 R>> endobj 48 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (20) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 723.45 Td (Segment ) Tj ET Q q 0 0 0 rg BT 78.60 723.45 Td (Performance) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 660.95 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.00 660.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 660.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 660.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 660.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 660.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 660.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 660.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 660.95 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 660.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 660.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 660.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 660.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 660.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 660.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 660.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 634.95 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.00 634.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 634.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 634.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 634.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 634.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 634.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 634.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 634.95 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 634.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 634.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 634.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 634.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 634.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 634.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 634.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 608.95 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.00 608.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 608.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 608.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 608.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 608.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 608.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 608.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 608.95 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 608.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 608.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 608.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 608.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 608.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 608.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 608.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 582.95 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.00 582.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 582.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 582.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 582.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 582.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 582.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 582.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 582.95 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 582.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 582.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 582.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 582.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 582.95 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 582.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 582.95 45.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 169 699.95 m 214 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 214 699.95 m 218 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 218 699.95 m 263 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263 699.95 m 267 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 267 699.95 m 312 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 312 699.95 m 316 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316 699.95 m 361 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361 699.95 m 370 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 699.95 m 415 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415 699.95 m 419 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 699.95 m 464 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464 699.95 m 468 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 699.95 m 513 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 699.95 m 517 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 699.95 m 562 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 169 699.95 m 214 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 169 686.95 m 214 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 214 686.95 m 218 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 218 686.95 m 263 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263 686.95 m 267 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 267 686.95 m 312 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 312 686.95 m 316 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316 686.95 m 361 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361 699.95 m 370 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361 686.95 m 370 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 699.95 m 415 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 686.95 m 415 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415 699.95 m 419 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415 686.95 m 419 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 699.95 m 464 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 686.95 m 464 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464 699.95 m 468 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464 686.95 m 468 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 699.95 m 513 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 686.95 m 513 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 699.95 m 517 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 686.95 m 517 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 699.95 m 562 699.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 686.95 m 562 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 267 673.95 m 312 673.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 312 673.95 m 316 673.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316 673.95 m 361 673.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 686.95 m 513 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 673.95 m 513 673.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 686.95 m 517 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 673.95 m 517 673.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 686.95 m 562 686.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 673.95 m 562 673.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 169 660.95 m 214 660.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 218 660.95 m 263 660.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 267 660.95 m 312 660.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316 660.95 m 361 660.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 660.95 m 415 660.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 660.95 m 464 660.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 660.95 m 513 660.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 660.95 m 562 660.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 582.95 m 214 582.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 570.95 m 214 570.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 568.95 m 214 568.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 582.95 m 263 582.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 570.95 m 263 570.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 568.95 m 263 568.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 582.95 m 415 582.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 570.95 m 415 570.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 568.95 m 415 568.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 582.95 m 464 582.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 570.95 m 464 570.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 568.95 m 464 568.95 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 704.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.05 704.18 Td (NET) Tj ET Q q 0 0 0 rg BT 350.43 704.18 Td ( REVENUES) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 691.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.65 691.18 Td (For) Tj ET Q q 0 0 0 rg BT 297.94 691.18 Td ( ) Tj ET Q q 0 0 0 rg BT 299.80 691.18 Td (The ) Tj ET Q q 0 0 0 rg BT 314.84 691.18 Td (Y) Tj ET Q q 0 0 0 rg BT 319.73 691.18 Td (ear) Tj ET Q q 0 0 0 rg BT 330.69 691.18 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 391.42 691.18 Td ( 31, \(US$ 000's\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 678.20 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 171.50 678.20 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 678.20 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.15 678.18 Td (Movement) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 497.15 678.18 Td (Movement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 665.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 194.50 665.18 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.50 665.18 Td (2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 289.00 665.18 Td (% ) Tj ET Q q 0 0 0 rg BT 297.52 665.18 Td (Act) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 339.05 665.18 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.50 665.18 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 665.18 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.90 665.18 Td (% ) Tj ET Q q 0 0 0 rg BT 497.68 665.18 Td (Act) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.25 665.18 Td (% Lfl) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 652.20 Td (Bulgaria) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 171.50 652.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 652.20 Td (84,593) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 652.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 652.20 Td (77,341) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.75 652.20 Td (9.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 652.20 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.75 652.20 Td (5.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.80 652.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.50 652.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.75 652.20 Td (77,341) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.50 652.20 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 652.20 Td (72,651) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.75 652.20 Td (6.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 652.20 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.75 652.20 Td (3.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 652.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 639.20 Td (Czech ) Tj ET Q q 0 0 0 rg BT 73.49 639.20 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.75 639.20 Td (233,991) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.75 639.20 Td (209,041) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.75 639.20 Td (1) Tj ET Q q 0 0 0 rg BT 294.75 639.20 Td (1.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 639.20 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.75 639.20 Td (5.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.80 639.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.75 639.20 Td (209,041) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 639.20 Td (190,372) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.75 639.20 Td (9.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 639.20 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.75 639.20 Td (3.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 639.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 626.20 Td (Romania) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.75 626.20 Td (201,505) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.75 626.20 Td (191,244) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.75 626.20 Td (5.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 626.20 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.75 626.20 Td (3.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.80 626.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.75 626.20 Td (191,244) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 626.20 Td (172,951) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.75 626.20 Td (10.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 626.20 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.75 626.20 Td (9.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 626.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 613.20 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 75.72 613.20 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.75 613.20 Td (106,834) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 613.20 Td (97,721) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.75 613.20 Td (9.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 613.20 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.75 613.20 Td (5.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.80 613.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.75 613.20 Td (97,721) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 613.20 Td (90,549) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.75 613.20 Td (7.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 613.20 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.75 613.20 Td (4.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 613.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 600.20 Td (Slovenia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 600.20 Td (79,587) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 600.20 Td (68,696) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.75 600.20 Td (15.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 600.20 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.75 600.20 Td (12.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.80 600.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.75 600.20 Td (68,696) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 600.20 Td (56,912) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.75 600.20 Td (20.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 600.20 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.75 600.20 Td (17.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 600.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 587.20 Td (Intersegment ) Tj ET Q q 0 0 0 rg BT 95.26 587.20 Td (revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.10 587.20 Td (\(2,604) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.80 587.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.10 587.20 Td (\(1,175) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.80 587.20 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.40 587.20 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 302.40 590.82 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 337.40 587.20 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 351.40 590.82 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.10 587.20 Td (\(1,175) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.80 587.20 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.10 587.20 Td (\(429) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.80 587.20 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.40 587.20 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 503.40 590.82 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.40 587.20 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 552.40 590.82 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 574.18 Td (T) Tj ET Q q 0 0 0 rg BT 56.10 574.18 Td (otal ) Tj ET Q q 0 0 0 rg BT 70.99 574.18 Td (Net ) Tj ET Q q 0 0 0 rg BT 84.98 574.18 Td (Revenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.50 574.18 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.75 574.18 Td (703,906) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.50 574.18 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.75 574.18 Td (642,868) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 294.75 574.18 Td (9.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 304.80 574.18 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 343.75 574.18 Td (5.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 353.80 574.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.50 574.18 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.75 574.18 Td (642,868) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.50 574.18 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.75 574.18 Td (583,006) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 491.75 574.18 Td (10.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 505.80 574.18 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 544.75 574.18 Td (6.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.80 574.18 Td (%) Tj ET Q BT /F1 8.00 Tf ET BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 49.50 559.22 Td (\(1\) ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 55.94 556.05 Td (Number ) Tj ET Q q 0 0 0 rg BT 80.63 556.05 Td (is ) Tj ET Q q 0 0 0 rg BT 87.05 556.05 Td (not ) Tj ET Q q 0 0 0 rg BT 97.74 556.05 Td (meaningful.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 487.55 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.00 487.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 487.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 487.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 487.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 487.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 487.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 487.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 487.55 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 487.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 487.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 487.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 487.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 487.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 487.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 487.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 461.55 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.00 461.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 461.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 461.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 461.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 461.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 461.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 461.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 461.55 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 461.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 461.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 461.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 461.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 461.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 461.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 461.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 435.55 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.00 435.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 435.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 435.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 435.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 435.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 435.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 435.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 435.55 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 435.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 435.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 435.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 435.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 435.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 435.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 435.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 409.55 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.00 409.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 409.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 409.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 409.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 409.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 409.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 409.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 409.55 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 409.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 409.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 409.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 409.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 409.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 409.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 409.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 383.55 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.00 383.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 383.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 383.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 383.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 383.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 383.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 383.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 383.55 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 383.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 383.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 383.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 383.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 383.55 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 383.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 383.55 45.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 169 526.55 m 214 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 214 526.55 m 218 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 218 526.55 m 263 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263 526.55 m 267 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 267 526.55 m 312 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 312 526.55 m 316 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316 526.55 m 361 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361 526.55 m 370 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 526.55 m 415 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415 526.55 m 419 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 526.55 m 464 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464 526.55 m 468 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 526.55 m 513 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 526.55 m 517 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 526.55 m 562 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 169 526.55 m 214 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 169 513.55 m 214 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 214 513.55 m 218 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 218 513.55 m 263 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263 513.55 m 267 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361 526.55 m 370 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361 513.55 m 370 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 526.55 m 415 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 513.55 m 415 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415 526.55 m 419 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415 513.55 m 419 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 526.55 m 464 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 513.55 m 464 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464 526.55 m 468 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464 513.55 m 468 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 526.55 m 513 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 513.55 m 513 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 526.55 m 517 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 513.55 m 517 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 526.55 m 562 526.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 513.55 m 562 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 267 513.55 m 312 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 267 500.55 m 312 500.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 312 513.55 m 316 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 312 500.55 m 316 500.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316 513.55 m 361 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316 500.55 m 361 500.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 513.55 m 513 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 500.55 m 513 500.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 513.55 m 517 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 500.55 m 517 500.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 513.55 m 562 513.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 500.55 m 562 500.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 169 487.55 m 214 487.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 218 487.55 m 263 487.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 267 487.55 m 312 487.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316 487.55 m 361 487.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 487.55 m 415 487.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 487.55 m 464 487.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 487.55 m 513 487.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 487.55 m 562 487.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 409.55 m 214 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 409.55 m 263 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 409.55 m 415 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 409.55 m 464 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 383.55 m 214 383.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 371.55 m 214 371.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 369.55 m 214 369.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 383.55 m 263 383.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 371.55 m 263 371.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 369.55 m 263 369.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 383.55 m 415 383.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 371.55 m 415 371.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 369.55 m 415 369.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 383.55 m 464 383.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 371.55 m 464 371.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 369.55 m 464 369.55 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 530.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.10 530.78 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 517.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.65 517.78 Td (For) Tj ET Q q 0 0 0 rg BT 297.94 517.78 Td ( ) Tj ET Q q 0 0 0 rg BT 299.80 517.78 Td (The ) Tj ET Q q 0 0 0 rg BT 314.84 517.78 Td (Y) Tj ET Q q 0 0 0 rg BT 319.73 517.78 Td (ear) Tj ET Q q 0 0 0 rg BT 330.69 517.78 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 391.42 517.78 Td ( 31, \(US$ 000's\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 504.80 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 171.50 504.80 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 504.80 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.15 504.78 Td (Movement) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 497.15 504.78 Td (Movement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 491.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 194.50 491.78 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.50 491.78 Td (2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 289.00 491.78 Td (% ) Tj ET Q q 0 0 0 rg BT 297.52 491.78 Td (Act) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 339.05 491.78 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.50 491.78 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 491.78 Td (2016) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 490.00 491.78 Td (% ) Tj ET Q q 0 0 0 rg BT 498.52 491.78 Td (Act) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 540.05 491.78 Td (% Lfl) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 478.80 Td (Bulgaria) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 171.50 478.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 478.80 Td (21,620) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 478.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 478.80 Td (16,241) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.75 478.80 Td (33.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 478.80 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.75 478.80 Td (33.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.80 478.80 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.50 478.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.75 478.80 Td (16,241) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.50 478.80 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 478.80 Td (12,004) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.15 478.80 Td (35.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 478.80 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.15 478.80 Td (32.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 478.80 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 465.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 73.49 465.80 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 465.80 Td (94,576) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 465.80 Td (82,652) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.75 465.80 Td (14.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 465.80 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.75 465.80 Td (9.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.80 465.80 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.75 465.80 Td (82,652) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 465.80 Td (76,466) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.15 465.80 Td (8.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 465.80 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.15 465.80 Td (0.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 465.80 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 452.80 Td (Romania) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 452.80 Td (85,737) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 452.80 Td (73,418) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.75 452.80 Td (16.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 452.80 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.75 452.80 Td (14.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.80 452.80 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.75 452.80 Td (73,418) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 452.80 Td (61,394) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.15 452.80 Td (19.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 452.80 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.15 452.80 Td (19.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 452.80 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 439.80 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 75.72 439.80 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 439.80 Td (27,941) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 439.80 Td (23,845) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.75 439.80 Td (17.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 439.80 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.75 439.80 Td (16.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.80 439.80 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.75 439.80 Td (23,845) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 439.80 Td (15,598) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.15 439.80 Td (52.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 439.80 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.15 439.80 Td (44.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 439.80 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 426.80 Td (Slovenia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 426.80 Td (22,516) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 426.80 Td (14,263) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.75 426.80 Td (57.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 426.80 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.75 426.80 Td (57.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.80 426.80 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.75 426.80 Td (14,263) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.75 426.80 Td (4,674) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 485.15 426.80 Td (205.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 426.80 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.15 426.80 Td (168.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 426.80 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 413.80 Td (Eliminations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 202.80 413.80 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.10 413.80 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.80 413.80 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.40 413.80 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 302.40 417.42 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 337.40 413.80 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 351.40 417.42 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.10 413.80 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.80 413.80 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.80 413.80 Td (25) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.40 413.80 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 503.40 417.42 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.40 413.80 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 552.40 417.42 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 400.78 Td (T) Tj ET Q q 0 0 0 rg BT 56.47 400.78 Td (otal ) Tj ET Q q 0 0 0 rg BT 70.99 400.78 Td (operating ) Tj ET Q q 0 0 0 rg BT 105.88 400.78 Td (segments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.75 400.78 Td (252,424) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.75 400.78 Td (210,416) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 290.75 400.78 Td (20.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 304.80 400.78 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 339.75 400.78 Td (16.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 353.80 400.78 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.75 400.78 Td (210,416) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.75 400.78 Td (170,161) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 489.15 400.78 Td (23.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 505.80 400.78 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.15 400.78 Td (18.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.80 400.78 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 387.80 Td (Corporate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.10 387.80 Td (\(29,750) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.80 387.80 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.10 387.80 Td (\(30,649) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.80 387.80 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.75 387.80 Td (2.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 387.80 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.75 387.80 Td (7.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.80 387.80 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.10 387.80 Td (\(30,649) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.80 387.80 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.10 387.80 Td (\(28,614) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.80 387.80 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.45 387.80 Td (\(7.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.15 387.80 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.45 387.80 Td (\(0.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 552.15 387.80 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 374.78 Td (T) Tj ET Q q 0 0 0 rg BT 56.10 374.78 Td (otal ) Tj ET Q q 0 0 0 rg BT 70.99 374.78 Td (OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.50 374.78 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.75 374.78 Td (222,674) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.50 374.78 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.75 374.78 Td (179,767) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 290.75 374.78 Td (23.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 304.80 374.78 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 339.75 374.78 Td (20.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 353.80 374.78 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.50 374.78 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.75 374.78 Td (179,767) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.50 374.78 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.75 374.78 Td (141,547) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 489.15 374.78 Td (27.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 505.80 374.78 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.15 374.78 Td (22.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.80 374.78 Td (%) Tj ET Q BT /F1 8.00 Tf ET BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 49.50 359.82 Td (\(1\) ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 55.94 356.65 Td (Number ) Tj ET Q q 0 0 0 rg BT 80.63 356.65 Td (is ) Tj ET Q q 0 0 0 rg BT 87.05 356.65 Td (not ) Tj ET Q q 0 0 0 rg BT 97.74 356.65 Td (meaningful.) 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000's\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 685.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.50 685.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 685.35 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 297.15 685.33 Td (Movement) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.15 685.33 Td (Movement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 672.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.50 672.33 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.50 672.33 Td (2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 290.00 672.33 Td (% ) Tj ET Q q 0 0 0 rg BT 298.52 672.33 Td (Act) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 340.05 672.33 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.50 672.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 672.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.90 672.33 Td (% ) Tj ET Q q 0 0 0 rg BT 498.68 672.33 Td (Act) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.25 672.33 Td (% Lfl) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 659.35 Td (T) Tj ET Q q 0 0 0 rg BT 57.11 659.35 Td (elevision ) Tj ET Q q 0 0 0 rg BT 87.71 659.35 Td (advertising) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.50 659.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.50 659.35 Td (58,350) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 659.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.50 659.35 Td (53,446) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.75 659.35 Td (9.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 659.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.15 659.35 Td (5.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.75 659.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.50 659.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.50 659.35 Td (53,446) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.50 659.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.50 659.35 Td (49,1) Tj ET Q q 0 0 0 rg BT 448.50 659.35 Td (1) Tj ET Q q 0 0 0 rg BT 452.50 659.35 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.15 659.35 Td (8.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 659.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.15 659.35 Td (6.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 659.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 646.35 Td (Carriage fees and subscriptions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.50 646.35 Td (20,989) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.50 646.35 Td (19,462) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.75 646.35 Td (7.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 646.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.15 646.35 Td (3.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.75 646.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.50 646.35 Td (19,462) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.50 646.35 Td (18,703) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.15 646.35 Td (4.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 646.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.15 646.35 Td (1.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 646.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 633.35 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.50 633.35 Td (5,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.50 633.35 Td (4,433) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 291.75 633.35 Td (18.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 633.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.15 633.35 Td (13.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.75 633.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 633.35 Td (4,433) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.50 633.35 Td (4,837) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.45 633.35 Td (\(8.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.15 633.35 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.45 633.35 Td (\(10.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 633.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 620.33 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.49 620.33 Td (r) Tj ET Q q 0 0 0 rg BT 69.97 620.33 Td (evenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.50 620.33 Td (84,593) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.50 620.33 Td (77,341) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 295.75 620.33 Td (9.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 305.80 620.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 342.15 620.33 Td (5.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.75 620.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.50 620.33 Td (77,341) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.50 620.33 Td (72,651) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 494.15 620.33 Td (6.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 506.80 620.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 543.15 620.33 Td (3.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 555.80 620.33 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 607.35 Td (Costs ) Tj ET Q q 0 0 0 rg BT 72.05 607.35 Td (char) Tj ET Q q 0 0 0 rg BT 85.67 607.35 Td (ged ) Tj ET Q q 0 0 0 rg BT 98.99 607.35 Td (in ) Tj ET Q q 0 0 0 rg BT 106.98 607.35 Td (arriving ) Tj ET Q q 0 0 0 rg BT 134.07 607.35 Td (at ) Tj ET Q q 0 0 0 rg BT 141.61 607.35 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.50 607.35 Td (62,973) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.50 607.35 Td (61,100) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.75 607.35 Td (3.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 607.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.45 607.35 Td (\(1.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.15 607.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.50 607.35 Td (61,100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.50 607.35 Td (60,647) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.15 607.35 Td (0.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 607.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.45 607.35 Td (\(1.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 607.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 594.33 Td (OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 172.50 594.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.50 594.33 Td (21,620) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.50 594.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.50 594.33 Td (16,241) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 291.75 594.33 Td (33.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 305.80 594.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 338.15 594.33 Td (33.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.75 594.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.50 594.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.50 594.33 Td (16,241) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.50 594.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.50 594.33 Td (12,004) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 490.15 594.33 Td (35.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 506.80 594.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 539.15 594.33 Td (32.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 555.80 594.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 568.33 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 78.29 568.33 Td ( ) Tj ET Q q 0 0 0 rg BT 80.29 568.33 Td (margin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.50 568.33 Td (25.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.50 568.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.50 568.33 Td (21.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.50 568.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 285.50 568.33 Td (4.6 p.p.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 334.50 568.33 Td (5.4 p.p.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.50 568.33 Td (21.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 568.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.50 568.33 Td (16.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.50 568.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 486.50 568.33 Td (4.5 p.p.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 535.50 568.33 Td (4.5 p.p.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 549.00 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 549.00 Td (television ) Tj ET Q q 0 0 0 rg BT 97.04 549.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 134.59 549.00 Td (market ) Tj ET Q q 0 0 0 rg BT 158.80 549.00 Td (in ) Tj ET Q q 0 0 0 rg BT 167.02 549.00 Td (Bulgaria ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 196.57 549.00 Td (increased) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 226.77 549.00 Td ( ) Tj ET Q q 0 0 0 rg BT 228.77 549.00 Td (an ) Tj ET Q q 0 0 0 rg BT 238.32 549.00 Td (estimated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.98 549.00 Td (5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.64 549.00 Td ( ) Tj ET Q q 0 0 0 rg BT 283.64 549.00 Td (at ) Tj ET Q q 0 0 0 rg BT 291.42 549.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 320.08 549.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 337.18 549.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.40 549.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.40 549.00 Td ( ) Tj ET Q q 0 0 0 rg BT 363.40 549.00 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.95 549.00 Td (4%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.62 549.00 Td ( ) Tj ET Q q 0 0 0 rg BT 389.62 549.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.84 549.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.84 549.00 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 533.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.63 533.40 Td (television ) Tj ET Q q 0 0 0 rg BT 98.42 533.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 136.66 533.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 167.77 533.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 200.66 533.40 Td (at ) Tj ET Q q 0 0 0 rg BT 209.13 533.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 238.47 533.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 256.26 533.40 Td (in ) Tj ET Q q 0 0 0 rg BT 265.17 533.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 283.86 533.40 Td (due ) Tj ET Q q 0 0 0 rg BT 298.10 533.40 Td (to ) Tj ET Q q 0 0 0 rg BT 307.01 533.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 330.13 533.40 Td (average ) Tj ET Q q 0 0 0 rg BT 357.69 533.40 Td (prices ) Tj ET Q q 0 0 0 rg BT 379.48 533.40 Td (and ) Tj ET Q q 0 0 0 rg BT 393.71 533.40 Td (selling ) Tj ET Q q 0 0 0 rg BT 417.73 533.40 Td (more ) Tj ET Q q 0 0 0 rg BT 436.86 533.40 Td (GRPs, ) Tj ET Q q 0 0 0 rg BT 460.22 533.40 Td (as ) Tj ET Q q 0 0 0 rg BT 469.57 533.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 506.03 533.40 Td (growth ) Tj ET Q q 0 0 0 rg BT 531.38 533.40 Td (in ) Tj ET Q q 0 0 0 rg BT 540.29 533.40 Td (private ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 523.80 Td (consumption ) Tj ET Q q 0 0 0 rg BT 92.57 523.80 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 131.17 523.80 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 167.55 523.80 Td (to ) Tj ET Q q 0 0 0 rg BT 175.51 523.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 203.45 523.80 Td (their ) Tj ET Q q 0 0 0 rg BT 219.84 523.80 Td (spending. ) Tj ET Q q 0 0 0 rg BT 252.34 523.80 Td (There ) Tj ET Q q 0 0 0 rg BT 272.73 523.80 Td (was ) Tj ET Q q 0 0 0 rg BT 286.90 523.80 Td (also ) Tj ET Q q 0 0 0 rg BT 301.52 523.80 Td (an ) Tj ET Q q 0 0 0 rg BT 310.81 523.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 338.75 523.80 Td (in ) Tj ET Q q 0 0 0 rg BT 346.70 523.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 373.75 523.80 Td (from ) Tj ET Q q 0 0 0 rg BT 391.04 523.80 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 431.00 523.80 Td (and ) Tj ET Q q 0 0 0 rg BT 444.28 523.80 Td (product ) Tj ET Q q 0 0 0 rg BT 470.46 523.80 Td (placement. ) Tj ET Q q 0 0 0 rg BT 507.06 523.80 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 536.34 523.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 550.95 523.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 514.20 Td (subscription ) Tj ET Q q 0 0 0 rg BT 90.61 514.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 121.04 514.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 153.24 514.20 Td (in ) Tj ET Q q 0 0 0 rg BT 161.46 514.20 Td (2018 ) Tj ET Q q 0 0 0 rg BT 179.46 514.20 Td (due ) Tj ET Q q 0 0 0 rg BT 193.02 514.20 Td (to ) Tj ET Q q 0 0 0 rg BT 201.24 514.20 Td (an ) Tj ET Q q 0 0 0 rg BT 210.79 514.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 238.99 514.20 Td (in ) Tj ET Q q 0 0 0 rg BT 247.21 514.20 Td (the ) Tj ET Q q 0 0 0 rg BT 258.99 514.20 Td (average ) Tj ET Q q 0 0 0 rg BT 285.86 514.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 300.74 514.20 Td (per ) Tj ET Q q 0 0 0 rg BT 312.96 514.20 Td (subscriber) Tj ET Q q 0 0 0 rg BT 345.39 514.20 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.65 498.60 Td (television ) Tj ET Q q 0 0 0 rg BT 96.46 498.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 133.71 498.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 163.84 498.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 195.75 498.60 Td (at ) Tj ET Q q 0 0 0 rg BT 203.22 498.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 231.59 498.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 248.39 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 256.32 498.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 274.03 498.60 Td (due ) Tj ET Q q 0 0 0 rg BT 287.28 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 295.21 498.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 317.35 498.60 Td (average ) Tj ET Q q 0 0 0 rg BT 343.92 498.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 364.73 498.60 Td (for ) Tj ET Q q 0 0 0 rg BT 375.76 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 387.24 498.60 Td (year) Tj ET Q q 0 0 0 rg BT 400.56 498.60 Td (. ) Tj ET Q q 0 0 0 rg BT 404.26 498.60 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 433.51 498.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 448.09 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 461.34 498.60 Td (subscription ) Tj ET Q q 0 0 0 rg BT 502.16 498.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 532.29 498.60 Td (increased ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 489.00 Td (slightly ) Tj ET Q q 0 0 0 rg BT 75.50 489.00 Td (at ) Tj ET Q q 0 0 0 rg BT 83.28 489.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 111.94 489.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 129.04 489.00 Td (due ) Tj ET Q q 0 0 0 rg BT 142.59 489.00 Td (to ) Tj ET Q q 0 0 0 rg BT 150.81 489.00 Td (continued ) Tj ET Q q 0 0 0 rg BT 184.36 489.00 Td (ef) Tj ET Q q 0 0 0 rg BT 190.43 489.00 Td (forts ) Tj ET Q q 0 0 0 rg BT 207.09 489.00 Td (to ) Tj ET Q q 0 0 0 rg BT 215.32 489.00 Td (secure ) Tj ET Q q 0 0 0 rg BT 237.75 489.00 Td (new ) Tj ET Q q 0 0 0 rg BT 253.07 489.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 283.95 489.00 Td (with ) Tj ET Q q 0 0 0 rg BT 300.17 489.00 Td (cable, ) Tj ET Q q 0 0 0 rg BT 321.05 489.00 Td (satellite ) Tj ET Q q 0 0 0 rg BT 347.93 489.00 Td (and ) Tj ET Q q 0 0 0 rg BT 361.48 489.00 Td (IPTV) Tj ET Q q 0 0 0 rg BT 379.11 489.00 Td ( ) Tj ET Q q 0 0 0 rg BT 381.11 489.00 Td (operators ) Tj ET Q q 0 0 0 rg BT 412.88 489.00 Td (with ) Tj ET Q q 0 0 0 rg BT 429.10 489.00 Td (improved ) Tj ET Q q 0 0 0 rg BT 461.76 489.00 Td (pricing. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 473.40 Td (On ) Tj ET Q q 0 0 0 rg BT 61.38 473.40 Td (a ) Tj ET Q q 0 0 0 rg BT 67.04 473.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 95.80 473.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 125.88 473.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 145.99 473.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 164.09 473.40 Td (char) Tj ET Q q 0 0 0 rg BT 177.71 473.40 Td (ged ) Tj ET Q q 0 0 0 rg BT 191.37 473.40 Td (in ) Tj ET Q q 0 0 0 rg BT 199.69 473.40 Td (arriving ) Tj ET Q q 0 0 0 rg BT 227.12 473.40 Td (at ) Tj ET Q q 0 0 0 rg BT 235.00 473.40 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 259.89 473.40 Td ( ) Tj ET Q q 0 0 0 rg BT 261.99 473.40 Td (decreased ) Tj ET Q q 0 0 0 rg BT 295.63 473.40 Td (in ) Tj ET Q q 0 0 0 rg BT 303.95 473.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 322.05 473.40 Td (due ) Tj ET Q q 0 0 0 rg BT 335.71 473.40 Td (to ) Tj ET Q q 0 0 0 rg BT 344.04 473.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 364.35 473.40 Td (bad ) Tj ET Q q 0 0 0 rg BT 378.01 473.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 393.88 473.40 Td (char) Tj ET Q q 0 0 0 rg BT 407.51 473.40 Td (ges ) Tj ET Q q 0 0 0 rg BT 420.27 473.40 Td (as ) Tj ET Q q 0 0 0 rg BT 429.04 473.40 Td (well ) Tj ET Q q 0 0 0 rg BT 444.92 473.40 Td (as ) Tj ET Q q 0 0 0 rg BT 453.69 473.40 Td (decreases ) Tj ET Q q 0 0 0 rg BT 486.43 473.40 Td (in ) Tj ET Q q 0 0 0 rg BT 494.76 473.40 Td (professional ) Tj ET Q q 0 0 0 rg BT 535.96 473.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 550.95 473.40 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 463.80 Td (personnel ) Tj ET Q q 0 0 0 rg BT 82.67 463.80 Td (costs. ) Tj ET Q q 0 0 0 rg BT 102.59 463.80 Td (These ) Tj ET Q q 0 0 0 rg BT 123.77 463.80 Td (were ) Tj ET Q q 0 0 0 rg BT 141.38 463.80 Td (partially ) Tj ET Q q 0 0 0 rg BT 170.11 463.80 Td (of) Tj ET Q q 0 0 0 rg BT 176.63 463.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 190.25 463.80 Td (by ) Tj ET Q q 0 0 0 rg BT 200.32 463.80 Td (an ) Tj ET Q q 0 0 0 rg BT 209.94 463.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 238.22 463.80 Td (in ) Tj ET Q q 0 0 0 rg BT 246.51 463.80 Td (content ) Tj ET Q q 0 0 0 rg BT 272.13 463.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 290.20 463.80 Td (related ) Tj ET Q q 0 0 0 rg BT 314.03 463.80 Td (to ) Tj ET Q q 0 0 0 rg BT 322.33 463.80 Td (a ) Tj ET Q q 0 0 0 rg BT 327.95 463.80 Td (new ) Tj ET Q q 0 0 0 rg BT 343.35 463.80 Td (telenovela ) Tj ET Q q 0 0 0 rg BT 378.29 463.80 Td (on ) Tj ET Q q 0 0 0 rg BT 388.36 463.80 Td (our ) Tj ET Q q 0 0 0 rg BT 401.10 463.80 Td (main ) Tj ET Q q 0 0 0 rg BT 419.17 463.80 Td (channel ) Tj ET Q q 0 0 0 rg BT 446.11 463.80 Td (in ) Tj ET Q q 0 0 0 rg BT 454.41 463.80 Td (the ) Tj ET Q q 0 0 0 rg BT 466.25 463.80 Td (access-prime ) Tj ET Q q 0 0 0 rg BT 510.08 463.80 Td (time ) Tj ET Q q 0 0 0 rg BT 526.37 463.80 Td (slot ) Tj ET Q q 0 0 0 rg BT 540.00 463.80 Td (in ) Tj ET Q q 0 0 0 rg BT 548.29 463.80 Td (both ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 454.20 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 454.20 Td (spring ) Tj ET Q q 0 0 0 rg BT 83.27 454.20 Td (and ) Tj ET Q q 0 0 0 rg BT 96.82 454.20 Td (fall ) Tj ET Q q 0 0 0 rg BT 109.48 454.20 Td (seasons.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (Costs ) Tj ET Q q 0 0 0 rg BT 69.98 438.60 Td (char) Tj ET Q q 0 0 0 rg BT 83.60 438.60 Td (ged ) Tj ET Q q 0 0 0 rg BT 97.85 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 106.77 438.60 Td (arriving ) Tj ET Q q 0 0 0 rg BT 134.79 438.60 Td (at ) Tj ET Q q 0 0 0 rg BT 143.25 438.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 168.14 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 170.84 438.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 205.07 438.60 Td (at ) Tj ET Q q 0 0 0 rg BT 213.54 438.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 242.89 438.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 260.69 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 269.61 438.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 288.30 438.60 Td (due ) Tj ET Q q 0 0 0 rg BT 302.55 438.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 335.01 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 343.93 438.60 Td (a ) Tj ET Q q 0 0 0 rg BT 350.18 438.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 367.10 438.60 Td (3.4 ) Tj ET Q q 0 0 0 rg BT 379.79 438.60 Td (million ) Tj ET Q q 0 0 0 rg BT 405.60 438.60 Td (bad ) Tj ET Q q 0 0 0 rg BT 419.85 438.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 436.32 438.60 Td (char) Tj ET Q q 0 0 0 rg BT 449.94 438.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 460.18 438.60 Td (related ) Tj ET Q q 0 0 0 rg BT 484.64 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 493.56 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 506.92 438.60 Td (decision ) Tj ET Q q 0 0 0 rg BT 536.27 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 545.19 438.60 Td (cease ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 429.00 Td (cooperation ) Tj ET Q q 0 0 0 rg BT 89.41 429.00 Td (with ) Tj ET Q q 0 0 0 rg BT 105.78 429.00 Td (one ) Tj ET Q q 0 0 0 rg BT 119.48 429.00 Td (agency ) Tj ET Q q 0 0 0 rg BT 144.28 429.00 Td (during ) Tj ET Q q 0 0 0 rg BT 167.31 429.00 Td (the ) Tj ET Q q 0 0 0 rg BT 179.23 429.00 Td (fourth ) Tj ET Q q 0 0 0 rg BT 200.93 429.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 225.73 429.00 Td (of ) Tj ET Q q 0 0 0 rg BT 234.54 429.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 252.69 429.00 Td (and ) Tj ET Q q 0 0 0 rg BT 266.39 429.00 Td (instead ) Tj ET Q q 0 0 0 rg BT 291.20 429.00 Td (started ) Tj ET Q q 0 0 0 rg BT 314.67 429.00 Td (working ) Tj ET Q q 0 0 0 rg BT 343.48 429.00 Td (directly ) Tj ET Q q 0 0 0 rg BT 370.06 429.00 Td (with ) Tj ET Q q 0 0 0 rg BT 386.43 429.00 Td (the ) Tj ET Q q 0 0 0 rg BT 398.35 429.00 Td (clients ) Tj ET Q q 0 0 0 rg BT 421.38 429.00 Td (that ) Tj ET Q q 0 0 0 rg BT 435.52 429.00 Td (agency ) Tj ET Q q 0 0 0 rg BT 460.32 429.00 Td (represented. ) Tj ET Q q 0 0 0 rg BT 501.34 429.00 Td (Content ) Tj ET Q q 0 0 0 rg BT 528.82 429.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 546.97 429.00 Td (were ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 419.40 Td (flat, ) Tj ET Q q 0 0 0 rg BT 64.16 419.40 Td (as ) Tj ET Q q 0 0 0 rg BT 72.82 419.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 95.26 419.40 Td (spending ) Tj ET Q q 0 0 0 rg BT 126.15 419.40 Td (on ) Tj ET Q q 0 0 0 rg BT 136.15 419.40 Td (popular ) Tj ET Q q 0 0 0 rg BT 162.59 419.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 208.13 419.40 Td (was ) Tj ET Q q 0 0 0 rg BT 222.57 419.40 Td (of) Tj ET Q q 0 0 0 rg BT 229.09 419.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 242.64 419.40 Td (by ) Tj ET Q q 0 0 0 rg BT 252.64 419.40 Td (savings ) Tj ET Q q 0 0 0 rg BT 278.64 419.40 Td (in ) Tj ET Q q 0 0 0 rg BT 286.87 419.40 Td (sports ) Tj ET Q q 0 0 0 rg BT 307.98 419.40 Td (rights.) Tj ET Q endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (22) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 72.38 723.60 Td (Republic) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 674.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 674.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 648.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 648.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 622.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 622.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 596.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 596.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 596.10 45.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170 700.1 m 215 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 215 700.1 m 219 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 219 700.1 m 264 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 264 700.1 m 268 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 268 700.1 m 313 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 313 700.1 m 317 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317 700.1 m 362 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362 700.1 m 371 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 371 700.1 m 416 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 416 700.1 m 420 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 700.1 m 465 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465 700.1 m 469 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 700.1 m 514 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 514 700.1 m 518 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 700.1 m 563 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 268 687.1 m 313 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 313 687.1 m 317 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317 687.1 m 362 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 700.1 m 514 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 687.1 m 514 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 514 700.1 m 518 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 514 687.1 m 518 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 700.1 m 563 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 687.1 m 563 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170 674.1 m 215 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 219 674.1 m 264 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 268 674.1 m 313 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 371 674.1 m 416 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 674.1 m 465 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 674.1 m 514 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170 674.1 m 215 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 219 674.1 m 264 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317 674.1 m 362 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 674.1 m 465 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 674.1 m 563 674.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 635.1 m 465 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 635.1 m 215 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 635.1 m 264 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 635.1 m 416 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 635.1 m 465 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 609.1 m 465 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 609.1 m 215 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 597.1 m 215 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 595.1 m 215 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 609.1 m 264 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 597.1 m 264 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 595.1 m 264 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 609.1 m 416 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 597.1 m 416 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 595.1 m 416 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 609.1 m 465 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 597.1 m 465 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 595.1 m 465 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 571.1 m 215 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 569.1 m 215 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 571.1 m 264 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 569.1 m 264 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 571.1 m 416 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 569.1 m 416 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 571.1 m 465 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 569.1 m 465 569.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 704.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.90 704.33 Td (For) Tj ET Q q 0 0 0 rg BT 300.19 704.33 Td ( the ) Tj ET Q q 0 0 0 rg BT 314.56 704.33 Td (Y) Tj ET Q q 0 0 0 rg BT 319.45 704.33 Td (ear) Tj ET Q q 0 0 0 rg BT 330.41 704.33 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 391.14 704.33 Td ( 31, \(US$ 000's\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 691.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.50 691.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 691.35 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 297.15 691.33 Td (Movement) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.15 691.33 Td (Movement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 678.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.50 678.33 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.50 678.33 Td (2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 290.00 678.33 Td (% ) Tj ET Q q 0 0 0 rg BT 298.52 678.33 Td (Act) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 340.05 678.33 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.50 678.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 678.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.90 678.33 Td (% ) Tj ET Q q 0 0 0 rg BT 498.68 678.33 Td (Act) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.25 678.33 Td (% Lfl) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 665.35 Td (T) Tj ET Q q 0 0 0 rg BT 57.11 665.35 Td (elevision ) Tj ET Q q 0 0 0 rg BT 87.71 665.35 Td (advertising) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 180.50 665.35 Td (206,203) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.50 665.35 Td (188,373) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.75 665.35 Td (9.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 665.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.75 665.35 Td (3.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.80 665.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 665.35 Td (188,373) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 665.35 Td (172,392) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.75 665.35 Td (9.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 665.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.75 665.35 Td (3.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 665.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 652.35 Td (Carriage fees and subscriptions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.50 652.35 Td (15,962) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.50 652.35 Td (12,141) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 291.75 652.35 Td (31.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 652.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.75 652.35 Td (23.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.80 652.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.50 652.35 Td (12,141) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.50 652.35 Td (10,325) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.75 652.35 Td (17.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 652.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.75 652.35 Td (1) Tj ET Q q 0 0 0 rg BT 545.75 652.35 Td (1.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 652.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 639.35 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.50 639.35 Td (1) Tj ET Q q 0 0 0 rg BT 188.50 639.35 Td (1,826) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.50 639.35 Td (8,527) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 291.75 639.35 Td (38.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 639.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.75 639.35 Td (31.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.80 639.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 639.35 Td (8,527) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.50 639.35 Td (7,655) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.75 639.35 Td (1) Tj ET Q q 0 0 0 rg BT 496.75 639.35 Td (1.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 639.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.75 639.35 Td (3.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 639.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 626.33 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.49 626.33 Td (r) Tj ET Q q 0 0 0 rg BT 69.97 626.33 Td (evenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 180.50 626.33 Td (233,991) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.50 626.33 Td (209,041) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 291.75 626.33 Td (1) Tj ET Q q 0 0 0 rg BT 295.75 626.33 Td (1.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 305.80 626.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 344.75 626.33 Td (5.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.80 626.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.50 626.33 Td (209,041) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.50 626.33 Td (190,372) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 496.75 626.33 Td (9.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 506.80 626.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 545.75 626.33 Td (3.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 555.80 626.33 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 613.35 Td (Costs ) Tj ET Q q 0 0 0 rg BT 72.05 613.35 Td (char) Tj ET Q q 0 0 0 rg BT 85.67 613.35 Td (ged ) Tj ET Q q 0 0 0 rg BT 98.99 613.35 Td (in ) Tj ET Q q 0 0 0 rg BT 106.98 613.35 Td (arriving ) Tj ET Q q 0 0 0 rg BT 134.07 613.35 Td (at ) Tj ET Q q 0 0 0 rg BT 141.61 613.35 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 180.50 613.35 Td (139,415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.50 613.35 Td (126,389) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 291.75 613.35 Td (10.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 613.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.75 613.35 Td (3.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.80 613.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 613.35 Td (126,389) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 613.35 Td (1) Tj ET Q q 0 0 0 rg BT 434.50 613.35 Td (13,906) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.75 613.35 Td (1) Tj ET Q q 0 0 0 rg BT 496.75 613.35 Td (1.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 613.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 545.75 613.35 Td (5.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 613.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 600.33 Td (OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 172.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.50 600.33 Td (94,576) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.50 600.33 Td (82,652) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 291.75 600.33 Td (14.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 305.80 600.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 344.75 600.33 Td (9.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.80 600.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.50 600.33 Td (82,652) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.50 600.33 Td (76,466) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 496.75 600.33 Td (8.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 506.80 600.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 545.75 600.33 Td (0.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 555.80 600.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 574.33 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 78.29 574.33 Td ( ) Tj ET Q q 0 0 0 rg BT 80.29 574.33 Td (margin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.50 574.33 Td (40.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.50 574.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.50 574.33 Td (39.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.50 574.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 285.50 574.33 Td (0.9 p.p.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 334.50 574.33 Td (1.3 p.p.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.50 574.33 Td (39.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 574.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.50 574.33 Td (40.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.50 574.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 481.15 574.33 Td (\(0.7\) p.p.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 530.15 574.33 Td (\(1.1\) p.p.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 555.00 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 555.00 Td (television ) Tj ET Q q 0 0 0 rg BT 97.04 555.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 134.59 555.00 Td (market ) Tj ET Q q 0 0 0 rg BT 158.80 555.00 Td (in ) Tj ET Q q 0 0 0 rg BT 167.02 555.00 Td (the ) Tj ET Q q 0 0 0 rg BT 178.80 555.00 Td (Czech ) Tj ET Q q 0 0 0 rg BT 200.79 555.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 231.67 555.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 263.87 555.00 Td (an ) Tj ET Q q 0 0 0 rg BT 273.42 555.00 Td (estimated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.08 555.00 Td (3%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.74 555.00 Td ( ) Tj ET Q q 0 0 0 rg BT 318.74 555.00 Td (at ) Tj ET Q q 0 0 0 rg BT 326.52 555.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 355.18 555.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 372.28 555.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.50 555.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.50 555.00 Td ( ) Tj ET Q q 0 0 0 rg BT 398.50 555.00 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.05 555.00 Td (4%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.71 555.00 Td ( ) Tj ET Q q 0 0 0 rg BT 424.71 555.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.94 555.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.94 555.00 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 539.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.67 539.40 Td (television ) Tj ET Q q 0 0 0 rg BT 96.51 539.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 133.78 539.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 163.94 539.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 195.87 539.40 Td (at ) Tj ET Q q 0 0 0 rg BT 203.38 539.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 231.77 539.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 248.60 539.40 Td (in ) Tj ET Q q 0 0 0 rg BT 256.55 539.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 274.28 539.40 Td (from ) Tj ET Q q 0 0 0 rg BT 291.56 539.40 Td (selling ) Tj ET Q q 0 0 0 rg BT 314.62 539.40 Td (more ) Tj ET Q q 0 0 0 rg BT 332.79 539.40 Td (GRPs, ) Tj ET Q q 0 0 0 rg BT 355.19 539.40 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 387.57 539.40 Td (overall ) Tj ET Q q 0 0 0 rg BT 411.51 539.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 443.44 539.40 Td (demand ) Tj ET Q q 0 0 0 rg BT 470.50 539.40 Td (for ) Tj ET Q q 0 0 0 rg BT 481.56 539.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 518.83 539.40 Td (in ) Tj ET Q q 0 0 0 rg BT 526.78 539.40 Td (the ) Tj ET Q q 0 0 0 rg BT 538.29 539.40 Td (market, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 529.80 Td (particularly ) Tj ET Q q 0 0 0 rg BT 88.76 529.80 Td (due ) Tj ET Q q 0 0 0 rg BT 102.71 529.80 Td (to ) Tj ET Q q 0 0 0 rg BT 111.32 529.80 Td (more ) Tj ET Q q 0 0 0 rg BT 130.15 529.80 Td (spending ) Tj ET Q q 0 0 0 rg BT 161.43 529.80 Td (being ) Tj ET Q q 0 0 0 rg BT 181.59 529.80 Td (placed ) Tj ET Q q 0 0 0 rg BT 204.86 529.80 Td (when ) Tj ET Q q 0 0 0 rg BT 224.58 529.80 Td (list ) Tj ET Q q 0 0 0 rg BT 236.75 529.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 258.24 529.80 Td (are ) Tj ET Q q 0 0 0 rg BT 270.40 529.80 Td (lower ) Tj ET Q q 0 0 0 rg BT 291.01 529.80 Td (outside ) Tj ET Q q 0 0 0 rg BT 316.51 529.80 Td (the ) Tj ET Q q 0 0 0 rg BT 328.67 529.80 Td (peak ) Tj ET Q q 0 0 0 rg BT 346.17 529.80 Td (seasons ) Tj ET Q q 0 0 0 rg BT 373.00 529.80 Td (of ) Tj ET Q q 0 0 0 rg BT 382.06 529.80 Td (spring ) Tj ET Q q 0 0 0 rg BT 404.45 529.80 Td (and ) Tj ET Q q 0 0 0 rg BT 418.39 529.80 Td (fall. ) Tj ET Q q 0 0 0 rg BT 433.44 529.80 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 463.37 529.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 478.64 529.80 Td (and ) Tj ET Q q 0 0 0 rg BT 492.58 529.80 Td (subscription ) Tj ET Q q 0 0 0 rg BT 534.09 529.80 Td (revenues ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 520.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 81.70 520.20 Td (due ) Tj ET Q q 0 0 0 rg BT 95.25 520.20 Td (to ) Tj ET Q q 0 0 0 rg BT 103.48 520.20 Td (an ) Tj ET Q q 0 0 0 rg BT 113.03 520.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 141.23 520.20 Td (in ) Tj ET Q q 0 0 0 rg BT 149.45 520.20 Td (the ) Tj ET Q q 0 0 0 rg BT 161.23 520.20 Td (number ) Tj ET Q q 0 0 0 rg BT 187.66 520.20 Td (of ) Tj ET Q q 0 0 0 rg BT 196.33 520.20 Td (subscribers ) Tj ET Q q 0 0 0 rg BT 234.32 520.20 Td (as ) Tj ET Q q 0 0 0 rg BT 242.98 520.20 Td (well ) Tj ET Q q 0 0 0 rg BT 258.76 520.20 Td (as ) Tj ET Q q 0 0 0 rg BT 267.42 520.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 298.30 520.20 Td (with ) Tj ET Q q 0 0 0 rg BT 314.52 520.20 Td (higher ) Tj ET Q q 0 0 0 rg BT 336.96 520.20 Td (prices.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 504.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.42 504.60 Td (television ) Tj ET Q q 0 0 0 rg BT 96.00 504.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 133.02 504.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 162.92 504.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 194.60 504.60 Td (at ) Tj ET Q q 0 0 0 rg BT 201.85 504.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 229.98 504.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 246.56 504.60 Td (in ) Tj ET Q q 0 0 0 rg BT 254.26 504.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 271.73 504.60 Td (due ) Tj ET Q q 0 0 0 rg BT 284.76 504.60 Td (to ) Tj ET Q q 0 0 0 rg BT 292.45 504.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 314.37 504.60 Td (average ) Tj ET Q q 0 0 0 rg BT 340.71 504.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 363.28 504.60 Td (which ) Tj ET Q q 0 0 0 rg BT 384.31 504.60 Td (more ) Tj ET Q q 0 0 0 rg BT 402.22 504.60 Td (than ) Tj ET Q q 0 0 0 rg BT 417.47 504.60 Td (of) Tj ET Q q 0 0 0 rg BT 423.99 504.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 437.01 504.60 Td (a ) Tj ET Q q 0 0 0 rg BT 442.04 504.60 Td (slight ) Tj ET Q q 0 0 0 rg BT 461.29 504.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 490.30 504.60 Td (in ) Tj ET Q q 0 0 0 rg BT 498.00 504.60 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 518.15 504.60 Td (sold. ) Tj ET Q q 0 0 0 rg BT 534.96 504.60 Td (Carriage ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 495.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 64.38 495.00 Td (and ) Tj ET Q q 0 0 0 rg BT 77.93 495.00 Td (subscription ) Tj ET Q q 0 0 0 rg BT 119.04 495.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 149.47 495.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 181.67 495.00 Td (due ) Tj ET Q q 0 0 0 rg BT 195.22 495.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 226.99 495.00 Td (to ) Tj ET Q q 0 0 0 rg BT 235.21 495.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 269.21 495.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 300.08 495.00 Td (for ) Tj ET Q q 0 0 0 rg BT 311.41 495.00 Td (Nova ) Tj ET Q q 0 0 0 rg BT 330.74 495.00 Td (International ) Tj ET Q q 0 0 0 rg BT 373.61 495.00 Td (that ) Tj ET Q q 0 0 0 rg BT 387.61 495.00 Td (became ) Tj ET Q q 0 0 0 rg BT 414.03 495.00 Td (ef) Tj ET Q q 0 0 0 rg BT 420.10 495.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 443.86 495.00 Td (late ) Tj ET Q q 0 0 0 rg BT 457.41 495.00 Td (in ) Tj ET Q q 0 0 0 rg BT 465.63 495.00 Td (2016.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 479.40 Td (Costs ) Tj ET Q q 0 0 0 rg BT 68.92 479.40 Td (char) Tj ET Q q 0 0 0 rg BT 82.54 479.40 Td (ged ) Tj ET Q q 0 0 0 rg BT 95.73 479.40 Td (in ) Tj ET Q q 0 0 0 rg BT 103.60 479.40 Td (arriving ) Tj ET Q q 0 0 0 rg BT 130.56 479.40 Td (at ) Tj ET Q q 0 0 0 rg BT 137.97 479.40 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 162.86 479.40 Td ( ) Tj ET Q q 0 0 0 rg BT 164.50 479.40 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.36 479.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.36 479.40 Td ( ) Tj ET Q q 0 0 0 rg BT 190.00 479.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 221.84 479.40 Td (on ) Tj ET Q q 0 0 0 rg BT 231.48 479.40 Td (a ) Tj ET Q q 0 0 0 rg BT 236.67 479.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 264.97 479.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 294.59 479.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 312.23 479.40 Td (due ) Tj ET Q q 0 0 0 rg BT 325.42 479.40 Td (to ) Tj ET Q q 0 0 0 rg BT 333.28 479.40 Td (investments ) Tj ET Q q 0 0 0 rg BT 373.13 479.40 Td (in ) Tj ET Q q 0 0 0 rg BT 381.00 479.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 414.63 479.40 Td (local ) Tj ET Q q 0 0 0 rg BT 431.81 479.40 Td (content ) Tj ET Q q 0 0 0 rg BT 457.00 479.40 Td (during ) Tj ET Q q 0 0 0 rg BT 479.52 479.40 Td (the ) Tj ET Q q 0 0 0 rg BT 490.94 479.40 Td (spring ) Tj ET Q q 0 0 0 rg BT 512.57 479.40 Td (and ) Tj ET Q q 0 0 0 rg BT 525.76 479.40 Td (fall ) Tj ET Q q 0 0 0 rg BT 538.06 479.40 Td (seasons ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 469.80 Td (on ) Tj ET Q q 0 0 0 rg BT 59.83 469.80 Td (the ) Tj ET Q q 0 0 0 rg BT 71.94 469.80 Td (main ) Tj ET Q q 0 0 0 rg BT 90.26 469.80 Td (channel, ) Tj ET Q q 0 0 0 rg BT 119.47 469.80 Td (with ) Tj ET Q q 0 0 0 rg BT 136.02 469.80 Td (more ) Tj ET Q q 0 0 0 rg BT 154.79 469.80 Td (episodes ) Tj ET Q q 0 0 0 rg BT 184.67 469.80 Td (of ) Tj ET Q q 0 0 0 rg BT 193.67 469.80 Td (returning ) Tj ET Q q 0 0 0 rg BT 225.32 469.80 Td (series ) Tj ET Q q 0 0 0 rg BT 245.87 469.80 Td (as ) Tj ET Q q 0 0 0 rg BT 254.86 469.80 Td (well ) Tj ET Q q 0 0 0 rg BT 270.97 469.80 Td (as ) Tj ET Q q 0 0 0 rg BT 279.96 469.80 Td (an ) Tj ET Q q 0 0 0 rg BT 289.85 469.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 324.17 469.80 Td (local ) Tj ET Q q 0 0 0 rg BT 342.05 469.80 Td (title ) Tj ET Q q 0 0 0 rg BT 356.82 469.80 Td (in ) Tj ET Q q 0 0 0 rg BT 365.37 469.80 Td (the ) Tj ET Q q 0 0 0 rg BT 377.48 469.80 Td (fall ) Tj ET Q q 0 0 0 rg BT 390.47 469.80 Td (season. ) Tj ET Q q 0 0 0 rg BT 415.96 469.80 Td (There ) Tj ET Q q 0 0 0 rg BT 436.94 469.80 Td (were ) Tj ET Q q 0 0 0 rg BT 454.82 469.80 Td (also ) Tj ET Q q 0 0 0 rg BT 470.03 469.80 Td (higher ) Tj ET Q q 0 0 0 rg BT 492.80 469.80 Td (salary ) Tj ET Q q 0 0 0 rg BT 514.24 469.80 Td (and ) Tj ET Q q 0 0 0 rg BT 528.12 469.80 Td (staf) Tj ET Q q 0 0 0 rg BT 539.52 469.80 Td (f ) Tj ET Q q 0 0 0 rg BT 544.52 469.80 Td (costs, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 460.20 Td (including ) Tj ET Q q 0 0 0 rg BT 81.72 460.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 115.71 460.20 Td (personnel ) Tj ET Q q 0 0 0 rg BT 148.81 460.20 Td (to ) Tj ET Q q 0 0 0 rg BT 157.04 460.20 Td (further ) Tj ET Q q 0 0 0 rg BT 180.80 460.20 Td (our ) Tj ET Q q 0 0 0 rg BT 193.46 460.20 Td (digital ) Tj ET Q q 0 0 0 rg BT 215.91 460.20 Td (initiatives.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 444.60 Td (On ) Tj ET Q q 0 0 0 rg BT 61.07 444.60 Td (a ) Tj ET Q q 0 0 0 rg BT 66.40 444.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 94.85 444.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 124.62 444.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 144.41 444.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 162.20 444.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 194.19 444.60 Td (in ) Tj ET Q q 0 0 0 rg BT 202.20 444.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 219.99 444.60 Td (due ) Tj ET Q q 0 0 0 rg BT 233.33 444.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 264.88 444.60 Td (to ) Tj ET Q q 0 0 0 rg BT 272.89 444.60 Td (an ) Tj ET Q q 0 0 0 rg BT 282.23 444.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 310.22 444.60 Td (in ) Tj ET Q q 0 0 0 rg BT 318.24 444.60 Td (content ) Tj ET Q q 0 0 0 rg BT 343.57 444.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 363.36 444.60 Td (as ) Tj ET Q q 0 0 0 rg BT 371.81 444.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 394.04 444.60 Td (quality ) Tj ET Q q 0 0 0 rg BT 418.04 444.60 Td (productions ) Tj ET Q q 0 0 0 rg BT 457.60 444.60 Td (and ) Tj ET Q q 0 0 0 rg BT 470.94 444.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 504.72 444.60 Td (local ) Tj ET Q q 0 0 0 rg BT 522.06 444.60 Td (fiction ) Tj ET Q q 0 0 0 rg BT 544.73 444.60 Td (in ) Tj ET Q q 0 0 0 rg BT 552.74 444.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 435.00 Td (schedule ) Tj ET Q q 0 0 0 rg BT 79.49 435.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 113.03 435.00 Td (to ) Tj ET Q q 0 0 0 rg BT 121.25 435.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 139.25 435.00 Td (was ) Tj ET Q q 0 0 0 rg BT 153.69 435.00 Td (partially ) Tj ET Q q 0 0 0 rg BT 182.35 435.00 Td (of) Tj ET Q q 0 0 0 rg BT 188.87 435.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 202.42 435.00 Td (by ) Tj ET Q q 0 0 0 rg BT 212.42 435.00 Td (less ) Tj ET Q q 0 0 0 rg BT 226.42 435.00 Td (expensive ) Tj ET Q q 0 0 0 rg BT 260.41 435.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 289.95 435.00 Td (content ) Tj ET Q q 0 0 0 rg BT 315.49 435.00 Td (as ) Tj ET Q q 0 0 0 rg BT 324.16 435.00 Td (well ) Tj ET Q q 0 0 0 rg BT 339.93 435.00 Td (as ) Tj ET Q q 0 0 0 rg BT 348.59 435.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 368.81 435.00 Td (transmission ) Tj ET Q q 0 0 0 rg BT 411.25 435.00 Td (and ) Tj ET Q q 0 0 0 rg BT 424.80 435.00 Td (consultancy ) Tj ET Q q 0 0 0 rg BT 465.02 435.00 Td (costs.) Tj ET Q endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (23) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (Romania) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 674.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 674.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 648.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 648.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 622.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 622.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 596.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 596.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 596.10 45.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170 700.1 m 215 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 215 700.1 m 219 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 219 700.1 m 264 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 264 700.1 m 268 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 268 700.1 m 313 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 313 700.1 m 317 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317 700.1 m 362 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362 700.1 m 371 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 371 700.1 m 416 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 416 700.1 m 420 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 700.1 m 465 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465 700.1 m 469 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 700.1 m 514 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 514 700.1 m 518 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 700.1 m 563 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 268 687.1 m 313 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 313 687.1 m 317 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317 687.1 m 362 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 700.1 m 514 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 687.1 m 514 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 514 700.1 m 518 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 514 687.1 m 518 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 700.1 m 563 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 687.1 m 563 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170 674.1 m 215 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 268 674.1 m 313 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 371 674.1 m 416 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 674.1 m 465 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 674.1 m 514 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170 674.1 m 215 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 219 674.1 m 264 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 268 674.1 m 313 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317 674.1 m 362 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 674.1 m 465 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 674.1 m 563 674.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 635.1 m 465 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 635.1 m 215 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 635.1 m 264 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 635.1 m 416 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 635.1 m 465 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 609.1 m 215 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 609.1 m 215 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 597.1 m 215 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 595.1 m 215 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 609.1 m 264 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 597.1 m 264 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 595.1 m 264 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 609.1 m 416 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 597.1 m 416 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 595.1 m 416 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 609.1 m 465 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 597.1 m 465 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 595.1 m 465 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 571.1 m 215 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 569.1 m 215 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 571.1 m 264 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 569.1 m 264 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 571.1 m 416 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 569.1 m 416 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 571.1 m 465 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 569.1 m 465 569.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 704.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.90 704.33 Td (For) Tj ET Q q 0 0 0 rg BT 300.19 704.33 Td ( the ) Tj ET Q q 0 0 0 rg BT 314.56 704.33 Td (Y) Tj ET Q q 0 0 0 rg BT 319.45 704.33 Td (ear) Tj ET Q q 0 0 0 rg BT 330.41 704.33 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 391.14 704.33 Td ( 31, \(US$ 000's\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 691.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.50 691.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 691.35 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 297.15 691.33 Td (Movement) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.15 691.33 Td (Movement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 678.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.50 678.33 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.50 678.33 Td (2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 290.00 678.33 Td (% ) Tj ET Q q 0 0 0 rg BT 298.52 678.33 Td (Act) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 340.05 678.33 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.50 678.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 678.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.90 678.33 Td (% ) Tj ET Q q 0 0 0 rg BT 498.68 678.33 Td (Act) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.25 678.33 Td (% Lfl) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 665.35 Td (T) Tj ET Q q 0 0 0 rg BT 57.11 665.35 Td (elevision ) Tj ET Q q 0 0 0 rg BT 87.71 665.35 Td (advertising) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 180.50 665.35 Td (150,084) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.50 665.35 Td (143,693) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.15 665.35 Td (4.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 665.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.15 665.35 Td (2.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.75 665.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 665.35 Td (143,693) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 665.35 Td (128,814) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.15 665.35 Td (1) Tj ET Q q 0 0 0 rg BT 494.15 665.35 Td (1.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 665.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.15 665.35 Td (10.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 665.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 652.35 Td (Carriage fees and subscriptions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.50 652.35 Td (46,704) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.50 652.35 Td (44,032) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.15 652.35 Td (6.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 652.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.15 652.35 Td (3.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.75 652.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.50 652.35 Td (44,032) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.50 652.35 Td (40,202) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.15 652.35 Td (9.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 652.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.15 652.35 Td (8.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 652.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 639.35 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.50 639.35 Td (4,717) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.50 639.35 Td (3,519) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.15 639.35 Td (34.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 639.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.15 639.35 Td (30.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.75 639.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 639.35 Td (3,519) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.50 639.35 Td (3,935) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.45 639.35 Td (\(10.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.15 639.35 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.45 639.35 Td (\(12.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 639.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 626.33 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.49 626.33 Td (r) Tj ET Q q 0 0 0 rg BT 69.97 626.33 Td (evenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 180.50 626.33 Td (201,505) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.50 626.33 Td (191,244) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 293.15 626.33 Td (5.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 305.80 626.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 342.15 626.33 Td (3.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.75 626.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.50 626.33 Td (191,244) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.50 626.33 Td (172,951) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 490.15 626.33 Td (10.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 506.80 626.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 543.15 626.33 Td (9.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 555.80 626.33 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 613.35 Td (Costs ) Tj ET Q q 0 0 0 rg BT 72.05 613.35 Td (char) Tj ET Q q 0 0 0 rg BT 85.67 613.35 Td (ged ) Tj ET Q q 0 0 0 rg BT 98.99 613.35 Td (in ) Tj ET Q q 0 0 0 rg BT 106.98 613.35 Td (arriving ) Tj ET Q q 0 0 0 rg BT 134.07 613.35 Td (at ) Tj ET Q q 0 0 0 rg BT 141.61 613.35 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 180.50 613.35 Td (1) Tj ET Q q 0 0 0 rg BT 184.50 613.35 Td (15,768) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.50 613.35 Td (1) Tj ET Q q 0 0 0 rg BT 233.50 613.35 Td (17,826) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.45 613.35 Td (\(1.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.15 613.35 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.45 613.35 Td (\(3.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.15 613.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 613.35 Td (1) Tj ET Q q 0 0 0 rg BT 385.50 613.35 Td (17,826) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 613.35 Td (1) Tj ET Q q 0 0 0 rg BT 434.50 613.35 Td (1) Tj ET Q q 0 0 0 rg BT 438.50 613.35 Td (1,557) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.15 613.35 Td (5.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 613.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.15 613.35 Td (4.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 613.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 600.33 Td (OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 172.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.50 600.33 Td (85,737) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.50 600.33 Td (73,418) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 289.15 600.33 Td (16.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 305.80 600.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 338.15 600.33 Td (14.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.75 600.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.50 600.33 Td (73,418) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.50 600.33 Td (61,394) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 490.15 600.33 Td (19.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 506.80 600.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 539.15 600.33 Td (19.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 555.80 600.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 574.33 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 78.29 574.33 Td ( ) Tj ET Q q 0 0 0 rg BT 80.29 574.33 Td (margin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.50 574.33 Td (42.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.50 574.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.50 574.33 Td (38.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.50 574.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 285.50 574.33 Td (4.1 p.p.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 334.50 574.33 Td (4.0 p.p.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.50 574.33 Td (38.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 574.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.50 574.33 Td (35.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.50 574.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 486.50 574.33 Td (2.9 p.p.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 535.50 574.33 Td (3.1 p.p.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 555.00 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 555.00 Td (television ) Tj ET Q q 0 0 0 rg BT 97.04 555.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 134.59 555.00 Td (market ) Tj ET Q q 0 0 0 rg BT 158.80 555.00 Td (in ) Tj ET Q q 0 0 0 rg BT 167.02 555.00 Td (Romania ) Tj ET Q q 0 0 0 rg BT 197.91 555.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 230.11 555.00 Td (an ) Tj ET Q q 0 0 0 rg BT 239.66 555.00 Td (estimated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.32 555.00 Td (4%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.98 555.00 Td ( ) Tj ET Q q 0 0 0 rg BT 284.98 555.00 Td (at ) Tj ET Q q 0 0 0 rg BT 292.75 555.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 321.41 555.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 338.52 555.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.74 555.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.74 555.00 Td ( ) Tj ET Q q 0 0 0 rg BT 364.74 555.00 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.29 555.00 Td (12%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.95 555.00 Td ( ) Tj ET Q q 0 0 0 rg BT 394.95 555.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.18 555.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.18 555.00 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 539.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.72 539.40 Td (television ) Tj ET Q q 0 0 0 rg BT 96.60 539.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 133.92 539.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 164.13 539.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 196.11 539.40 Td (at ) Tj ET Q q 0 0 0 rg BT 203.66 539.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 232.09 539.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 248.97 539.40 Td (in ) Tj ET Q q 0 0 0 rg BT 256.97 539.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 274.75 539.40 Td (from ) Tj ET Q q 0 0 0 rg BT 292.08 539.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 314.29 539.40 Td (prices, ) Tj ET Q q 0 0 0 rg BT 337.17 539.40 Td (which ) Tj ET Q q 0 0 0 rg BT 358.49 539.40 Td (were ) Tj ET Q q 0 0 0 rg BT 375.81 539.40 Td (partially ) Tj ET Q q 0 0 0 rg BT 404.25 539.40 Td (of) Tj ET Q q 0 0 0 rg BT 410.77 539.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 424.09 539.40 Td (by ) Tj ET Q q 0 0 0 rg BT 433.87 539.40 Td (selling ) Tj ET Q q 0 0 0 rg BT 456.98 539.40 Td (fewer ) Tj ET Q q 0 0 0 rg BT 476.96 539.40 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 497.41 539.40 Td (due ) Tj ET Q q 0 0 0 rg BT 510.74 539.40 Td (to ) Tj ET Q q 0 0 0 rg BT 518.74 539.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 538.73 539.40 Td (ratings. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 529.80 Td (During ) Tj ET Q q 0 0 0 rg BT 74.12 529.80 Td (the ) Tj ET Q q 0 0 0 rg BT 85.84 529.80 Td (spring ) Tj ET Q q 0 0 0 rg BT 107.79 529.80 Td (season ) Tj ET Q q 0 0 0 rg BT 131.07 529.80 Td (there ) Tj ET Q q 0 0 0 rg BT 149.01 529.80 Td (was ) Tj ET Q q 0 0 0 rg BT 163.41 529.80 Td (a ) Tj ET Q q 0 0 0 rg BT 168.91 529.80 Td (shift ) Tj ET Q q 0 0 0 rg BT 185.09 529.80 Td (in ) Tj ET Q q 0 0 0 rg BT 193.26 529.80 Td (some ) Tj ET Q q 0 0 0 rg BT 212.10 529.80 Td (spending ) Tj ET Q q 0 0 0 rg BT 242.94 529.80 Td (to ) Tj ET Q q 0 0 0 rg BT 251.11 529.80 Td (the ) Tj ET Q q 0 0 0 rg BT 262.84 529.80 Td (lower ) Tj ET Q q 0 0 0 rg BT 283.01 529.80 Td (priced ) Tj ET Q q 0 0 0 rg BT 304.95 529.80 Td (competition, ) Tj ET Q q 0 0 0 rg BT 347.11 529.80 Td (which ) Tj ET Q q 0 0 0 rg BT 368.62 529.80 Td (generated ) Tj ET Q q 0 0 0 rg BT 401.66 529.80 Td (more ) Tj ET Q q 0 0 0 rg BT 420.05 529.80 Td (inventory ) Tj ET Q q 0 0 0 rg BT 452.66 529.80 Td (to ) Tj ET Q q 0 0 0 rg BT 460.83 529.80 Td (sell, ) Tj ET Q q 0 0 0 rg BT 475.90 529.80 Td (but ) Tj ET Q q 0 0 0 rg BT 488.07 529.80 Td (we ) Tj ET Q q 0 0 0 rg BT 499.35 529.80 Td (grew ) Tj ET Q q 0 0 0 rg BT 517.30 529.80 Td (faster ) Tj ET Q q 0 0 0 rg BT 537.01 529.80 Td (than ) Tj ET Q q 0 0 0 rg BT 552.74 529.80 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 520.20 Td (market ) Tj ET Q q 0 0 0 rg BT 73.63 520.20 Td (in ) Tj ET Q q 0 0 0 rg BT 81.78 520.20 Td (the ) Tj ET Q q 0 0 0 rg BT 93.47 520.20 Td (fourth ) Tj ET Q q 0 0 0 rg BT 114.95 520.20 Td (quarter) Tj ET Q q 0 0 0 rg BT 137.16 520.20 Td (. ) Tj ET Q q 0 0 0 rg BT 141.08 520.20 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 170.54 520.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 185.34 520.20 Td (and ) Tj ET Q q 0 0 0 rg BT 198.81 520.20 Td (subscription ) Tj ET Q q 0 0 0 rg BT 239.84 520.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 270.20 520.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 302.32 520.20 Td (due ) Tj ET Q q 0 0 0 rg BT 315.79 520.20 Td (to ) Tj ET Q q 0 0 0 rg BT 323.94 520.20 Td (an ) Tj ET Q q 0 0 0 rg BT 333.41 520.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 361.54 520.20 Td (in ) Tj ET Q q 0 0 0 rg BT 369.68 520.20 Td (the ) Tj ET Q q 0 0 0 rg BT 381.38 520.20 Td (number ) Tj ET Q q 0 0 0 rg BT 407.73 520.20 Td (of ) Tj ET Q q 0 0 0 rg BT 416.32 520.20 Td (subscribers. ) Tj ET Q q 0 0 0 rg BT 456.10 520.20 Td (W) Tj ET Q q 0 0 0 rg BT 463.01 520.20 Td (e ) Tj ET Q q 0 0 0 rg BT 468.48 520.20 Td (will ) Tj ET Q q 0 0 0 rg BT 482.85 520.20 Td (cease ) Tj ET Q q 0 0 0 rg BT 502.08 520.20 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 544.88 520.20 Td (MTV) Tj ET Q q 0 0 0 rg BT 562.51 520.20 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (ROMANIA) Tj ET Q q 0 0 0 rg BT 87.28 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 89.14 510.60 Td (on ) Tj ET Q q 0 0 0 rg BT 98.99 510.60 Td (March ) Tj ET Q q 0 0 0 rg BT 121.73 510.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 129.58 510.60 Td (2019. ) Tj ET Q q 0 0 0 rg BT 149.03 510.60 Td (As ) Tj ET Q q 0 0 0 rg BT 159.77 510.60 Td (a ) Tj ET Q q 0 0 0 rg BT 165.18 510.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 186.81 510.60 Td (we ) Tj ET Q q 0 0 0 rg BT 197.99 510.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 220.72 510.60 Td (carriage ) Tj ET Q q 0 0 0 rg BT 248.33 510.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 263.07 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 276.47 510.60 Td (subscription ) Tj ET Q q 0 0 0 rg BT 317.44 510.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 347.72 510.60 Td (will ) Tj ET Q q 0 0 0 rg BT 362.02 510.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 391.41 510.60 Td (during ) Tj ET Q q 0 0 0 rg BT 414.15 510.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 434.01 510.60 Td (however ) Tj ET Q q 0 0 0 rg BT 463.41 510.60 Td (we ) Tj ET Q q 0 0 0 rg BT 474.59 510.60 Td (do ) Tj ET Q q 0 0 0 rg BT 484.45 510.60 Td (not ) Tj ET Q q 0 0 0 rg BT 496.52 510.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 519.25 510.60 Td (this ) Tj ET Q q 0 0 0 rg BT 532.67 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 540.75 510.60 Td (impact ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 501.00 Td (profitability ) Tj ET Q q 0 0 0 rg BT 89.71 501.00 Td (due ) Tj ET Q q 0 0 0 rg BT 103.27 501.00 Td (to ) Tj ET Q q 0 0 0 rg BT 111.49 501.00 Td (the ) Tj ET Q q 0 0 0 rg BT 123.26 501.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 158.14 501.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 173.02 501.00 Td (savings.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 485.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.38 485.40 Td (television ) Tj ET Q q 0 0 0 rg BT 95.93 485.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 132.92 485.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 162.80 485.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 194.44 485.40 Td (at ) Tj ET Q q 0 0 0 rg BT 201.66 485.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 229.76 485.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 246.31 485.40 Td (in ) Tj ET Q q 0 0 0 rg BT 253.97 485.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 271.42 485.40 Td (due ) Tj ET Q q 0 0 0 rg BT 284.41 485.40 Td (to ) Tj ET Q q 0 0 0 rg BT 292.08 485.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 313.96 485.40 Td (prices. ) Tj ET Q q 0 0 0 rg BT 336.40 485.40 Td (The ) Tj ET Q q 0 0 0 rg BT 350.28 485.40 Td (market ) Tj ET Q q 0 0 0 rg BT 373.93 485.40 Td (continued ) Tj ET Q q 0 0 0 rg BT 406.92 485.40 Td (to ) Tj ET Q q 0 0 0 rg BT 414.59 485.40 Td (be ) Tj ET Q q 0 0 0 rg BT 423.58 485.40 Td (lar) Tj ET Q q 0 0 0 rg BT 431.88 485.40 Td (gely ) Tj ET Q q 0 0 0 rg BT 447.09 485.40 Td (sold ) Tj ET Q q 0 0 0 rg BT 461.87 485.40 Td (out ) Tj ET Q q 0 0 0 rg BT 473.54 485.40 Td (in ) Tj ET Q q 0 0 0 rg BT 481.21 485.40 Td (2017, ) Tj ET Q q 0 0 0 rg BT 500.65 485.40 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 532.74 485.40 Td (sustained ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 475.80 Td (strong ) Tj ET Q q 0 0 0 rg BT 71.70 475.80 Td (demand ) Tj ET Q q 0 0 0 rg BT 99.23 475.80 Td (for ) Tj ET Q q 0 0 0 rg BT 110.76 475.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 148.51 475.80 Td (as ) Tj ET Q q 0 0 0 rg BT 157.38 475.80 Td (clients ) Tj ET Q q 0 0 0 rg BT 180.46 475.80 Td (invested ) Tj ET Q q 0 0 0 rg BT 209.33 475.80 Td (more ) Tj ET Q q 0 0 0 rg BT 227.97 475.80 Td (in ) Tj ET Q q 0 0 0 rg BT 236.39 475.80 Td (campaigns ) Tj ET Q q 0 0 0 rg BT 272.81 475.80 Td (to ) Tj ET Q q 0 0 0 rg BT 281.23 475.80 Td (improve ) Tj ET Q q 0 0 0 rg BT 310.10 475.80 Td (their ) Tj ET Q q 0 0 0 rg BT 326.96 475.80 Td (competitive ) Tj ET Q q 0 0 0 rg BT 366.93 475.80 Td (positions. ) Tj ET Q q 0 0 0 rg BT 400.03 475.80 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 429.77 475.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 444.85 475.80 Td (and ) Tj ET Q q 0 0 0 rg BT 458.61 475.80 Td (subscription ) Tj ET Q q 0 0 0 rg BT 499.92 475.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 530.55 475.80 Td (grew ) Tj ET Q q 0 0 0 rg BT 548.75 475.80 Td (on ) Tj ET Q q 0 0 0 rg BT 558.95 475.80 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 466.20 Td (constant ) Tj ET Q q 0 0 0 rg BT 78.16 466.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 108.14 466.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 126.14 466.20 Td (during ) Tj ET Q q 0 0 0 rg BT 149.03 466.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 167.03 466.20 Td (due ) Tj ET Q q 0 0 0 rg BT 180.58 466.20 Td (to ) Tj ET Q q 0 0 0 rg BT 188.80 466.20 Td (an ) Tj ET Q q 0 0 0 rg BT 198.35 466.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 226.55 466.20 Td (in ) Tj ET Q q 0 0 0 rg BT 234.78 466.20 Td (the ) Tj ET Q q 0 0 0 rg BT 246.55 466.20 Td (number ) Tj ET Q q 0 0 0 rg BT 272.99 466.20 Td (of ) Tj ET Q q 0 0 0 rg BT 281.65 466.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 310.30 466.20 Td (subscribers.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (Costs ) Tj ET Q q 0 0 0 rg BT 69.06 450.60 Td (char) Tj ET Q q 0 0 0 rg BT 82.68 450.60 Td (ged ) Tj ET Q q 0 0 0 rg BT 96.01 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 104.01 450.60 Td (arriving ) Tj ET Q q 0 0 0 rg BT 131.11 450.60 Td (at ) Tj ET Q q 0 0 0 rg BT 138.65 450.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 163.54 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 165.32 450.60 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 173.32 450.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.32 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 191.09 450.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 224.40 450.60 Td (at ) Tj ET Q q 0 0 0 rg BT 231.95 450.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 260.38 450.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 277.26 450.60 Td (due ) Tj ET Q q 0 0 0 rg BT 290.59 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 298.59 450.60 Td (savings ) Tj ET Q q 0 0 0 rg BT 324.36 450.60 Td (on ) Tj ET Q q 0 0 0 rg BT 334.14 450.60 Td (production ) Tj ET Q q 0 0 0 rg BT 370.57 450.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 388.35 450.60 Td (for ) Tj ET Q q 0 0 0 rg BT 399.45 450.60 Td (locally ) Tj ET Q q 0 0 0 rg BT 423.00 450.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 454.54 450.60 Td (formats ) Tj ET Q q 0 0 0 rg BT 480.75 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 488.75 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 500.30 450.60 Td (spring ) Tj ET Q q 0 0 0 rg BT 522.07 450.60 Td (season ) Tj ET Q q 0 0 0 rg BT 545.18 450.60 Td (when ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 441.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 83.04 441.00 Td (to ) Tj ET Q q 0 0 0 rg BT 91.26 441.00 Td (the ) Tj ET Q q 0 0 0 rg BT 103.04 441.00 Td (schedule ) Tj ET Q q 0 0 0 rg BT 133.02 441.00 Td (in ) Tj ET Q q 0 0 0 rg BT 141.25 441.00 Td (2017. ) Tj ET Q q 0 0 0 rg BT 161.10 441.00 Td (There ) Tj ET Q q 0 0 0 rg BT 181.75 441.00 Td (was ) Tj ET Q q 0 0 0 rg BT 196.20 441.00 Td (also ) Tj ET Q q 0 0 0 rg BT 211.08 441.00 Td (a ) Tj ET Q q 0 0 0 rg BT 216.63 441.00 Td (reversal ) Tj ET Q q 0 0 0 rg BT 243.95 441.00 Td (of ) Tj ET Q q 0 0 0 rg BT 252.61 441.00 Td (a ) Tj ET Q q 0 0 0 rg BT 258.16 441.00 Td (legal ) Tj ET Q q 0 0 0 rg BT 275.71 441.00 Td (accrual ) Tj ET Q q 0 0 0 rg BT 300.80 441.00 Td (and ) Tj ET Q q 0 0 0 rg BT 314.35 441.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 334.57 441.00 Td (professional ) Tj ET Q q 0 0 0 rg BT 375.67 441.00 Td (fees.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 425.40 Td (On ) Tj ET Q q 0 0 0 rg BT 61.00 425.40 Td (a ) Tj ET Q q 0 0 0 rg BT 66.27 425.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 94.65 425.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 124.35 425.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 144.07 425.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 161.79 425.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 193.71 425.40 Td (in ) Tj ET Q q 0 0 0 rg BT 201.65 425.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 219.37 425.40 Td (from ) Tj ET Q q 0 0 0 rg BT 236.64 425.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 258.80 425.40 Td (content ) Tj ET Q q 0 0 0 rg BT 284.07 425.40 Td (costs, ) Tj ET Q q 0 0 0 rg BT 303.79 425.40 Td (as ) Tj ET Q q 0 0 0 rg BT 312.17 425.40 Td (we ) Tj ET Q q 0 0 0 rg BT 323.22 425.40 Td (invested ) Tj ET Q q 0 0 0 rg BT 351.60 425.40 Td (more ) Tj ET Q q 0 0 0 rg BT 369.75 425.40 Td (in ) Tj ET Q q 0 0 0 rg BT 377.70 425.40 Td (local ) Tj ET Q q 0 0 0 rg BT 394.96 425.40 Td (productions ) Tj ET Q q 0 0 0 rg BT 434.46 425.40 Td (of ) Tj ET Q q 0 0 0 rg BT 442.84 425.40 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 488.54 425.40 Td (formats ) Tj ET Q q 0 0 0 rg BT 514.70 425.40 Td (as ) Tj ET Q q 0 0 0 rg BT 523.08 425.40 Td (well ) Tj ET Q q 0 0 0 rg BT 538.58 425.40 Td (as ) Tj ET Q q 0 0 0 rg BT 546.96 425.40 Td (local ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 415.80 Td (fiction, ) Tj ET Q q 0 0 0 rg BT 74.20 415.80 Td (which ) Tj ET Q q 0 0 0 rg BT 95.57 415.80 Td (more ) Tj ET Q q 0 0 0 rg BT 113.83 415.80 Td (than ) Tj ET Q q 0 0 0 rg BT 129.43 415.80 Td (of) Tj ET Q q 0 0 0 rg BT 135.95 415.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 149.32 415.80 Td (savings ) Tj ET Q q 0 0 0 rg BT 175.14 415.80 Td (from ) Tj ET Q q 0 0 0 rg BT 192.51 415.80 Td (sports ) Tj ET Q q 0 0 0 rg BT 213.44 415.80 Td (rights. ) Tj ET Q q 0 0 0 rg BT 235.48 415.80 Td (Non-programming ) Tj ET Q q 0 0 0 rg BT 297.29 415.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 315.11 415.80 Td (also ) Tj ET Q q 0 0 0 rg BT 329.82 415.80 Td (increased, ) Tj ET Q q 0 0 0 rg BT 363.84 415.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 395.43 415.80 Td (as ) Tj ET Q q 0 0 0 rg BT 403.92 415.80 Td (a ) Tj ET Q q 0 0 0 rg BT 409.29 415.80 Td (result ) Tj ET Q q 0 0 0 rg BT 428.88 415.80 Td (of ) Tj ET Q q 0 0 0 rg BT 437.37 415.80 Td (higher ) Tj ET Q q 0 0 0 rg BT 459.63 415.80 Td (staf) Tj ET Q q 0 0 0 rg BT 471.03 415.80 Td (f ) Tj ET Q q 0 0 0 rg BT 475.52 415.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 493.34 415.80 Td (and ) Tj ET Q q 0 0 0 rg BT 506.71 415.80 Td (professional ) Tj ET Q q 0 0 0 rg BT 547.63 415.80 Td (fees, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 406.20 Td (which ) Tj ET Q q 0 0 0 rg BT 71.05 406.20 Td (more ) Tj ET Q q 0 0 0 rg BT 89.49 406.20 Td (than ) Tj ET Q q 0 0 0 rg BT 105.26 406.20 Td (of) Tj ET Q q 0 0 0 rg BT 111.78 406.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 125.33 406.20 Td (lower ) Tj ET Q q 0 0 0 rg BT 145.55 406.20 Td (transmission ) Tj ET Q q 0 0 0 rg BT 187.99 406.20 Td (costs. ) Tj ET Q endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (24) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 74.62 723.60 Td (Republic) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 674.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg 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609.1 m 416 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 597.1 m 416 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 595.1 m 416 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 609.1 m 465 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 597.1 m 465 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 595.1 m 465 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 571.1 m 215 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 569.1 m 215 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 571.1 m 264 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 569.1 m 264 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 571.1 m 416 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 569.1 m 416 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 571.1 m 465 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 569.1 m 465 569.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 704.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.90 704.33 Td (For) Tj ET Q q 0 0 0 rg BT 300.19 704.33 Td ( the ) Tj ET Q q 0 0 0 rg BT 314.56 704.33 Td (Y) Tj ET Q q 0 0 0 rg BT 319.45 704.33 Td (ear) Tj ET Q q 0 0 0 rg BT 330.41 704.33 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 391.14 704.33 Td ( 31, \(US$ 000's\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 691.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.50 691.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 691.35 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 297.15 691.33 Td (Movement) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.15 691.33 Td (Movement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 678.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.50 678.33 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.50 678.33 Td (2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 290.00 678.33 Td (% ) Tj ET Q q 0 0 0 rg BT 298.52 678.33 Td (Act) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 340.05 678.33 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.50 678.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 678.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.90 678.33 Td (% ) Tj ET Q q 0 0 0 rg BT 498.68 678.33 Td (Act) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.25 678.33 Td (% Lfl) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 665.35 Td (T) Tj ET Q q 0 0 0 rg BT 57.11 665.35 Td (elevision ) Tj ET Q q 0 0 0 rg BT 87.71 665.35 Td (advertising) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.50 665.35 Td (94,030) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.50 665.35 Td (85,715) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.15 665.35 Td (9.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 665.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.15 665.35 Td (6.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.75 665.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.50 665.35 Td (85,715) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.50 665.35 Td (84,779) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.15 665.35 Td (1.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 665.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.45 665.35 Td (\(1.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 665.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 652.35 Td (Carriage fees and subscriptions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.50 652.35 Td (8,550) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.50 652.35 Td (7,597) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.15 652.35 Td (12.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 652.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.15 652.35 Td (8.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.75 652.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 652.35 Td (7,597) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.50 652.35 Td (2,101) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.40 652.35 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 504.40 655.97 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.40 652.35 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 553.40 655.97 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 639.35 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.50 639.35 Td (4,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.50 639.35 Td (4,409) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.45 639.35 Td (\(3.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.15 639.35 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.45 639.35 Td (\(8.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.15 639.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 639.35 Td (4,409) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.50 639.35 Td (3,669) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.15 639.35 Td (20.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 639.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.15 639.35 Td (16.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 639.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 626.33 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.49 626.33 Td (r) Tj ET Q q 0 0 0 rg BT 69.97 626.33 Td (evenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 180.50 626.33 Td (106,834) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.50 626.33 Td (97,721) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 293.15 626.33 Td (9.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 305.80 626.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 342.15 626.33 Td (5.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.75 626.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.50 626.33 Td (97,721) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.50 626.33 Td (90,549) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 494.15 626.33 Td (7.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 506.80 626.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 543.15 626.33 Td (4.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 555.80 626.33 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 613.35 Td (Costs ) Tj ET Q q 0 0 0 rg BT 72.05 613.35 Td (char) Tj ET Q q 0 0 0 rg BT 85.67 613.35 Td (ged ) Tj ET Q q 0 0 0 rg BT 98.99 613.35 Td (in ) Tj ET Q q 0 0 0 rg BT 106.98 613.35 Td (arriving ) Tj ET Q q 0 0 0 rg BT 134.07 613.35 Td (at ) Tj ET Q q 0 0 0 rg BT 141.61 613.35 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.50 613.35 Td (78,893) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.50 613.35 Td (73,876) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.15 613.35 Td (6.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 613.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.15 613.35 Td (2.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.75 613.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.50 613.35 Td (73,876) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.50 613.35 Td (74,951) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 491.45 613.35 Td (\(1.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.15 613.35 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.45 613.35 Td (\(3.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 613.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 600.33 Td (OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 172.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.50 600.33 Td (27,941) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.50 600.33 Td (23,845) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 289.15 600.33 Td (17.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 305.80 600.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 338.15 600.33 Td (16.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.75 600.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.50 600.33 Td (23,845) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.50 600.33 Td (15,598) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 490.15 600.33 Td (52.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 506.80 600.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 539.15 600.33 Td (44.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 555.80 600.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 574.33 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 78.29 574.33 Td ( ) Tj ET Q q 0 0 0 rg BT 80.29 574.33 Td (margin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.50 574.33 Td (26.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.50 574.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.50 574.33 Td (24.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.50 574.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 285.50 574.33 Td (1.8 p.p.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 334.50 574.33 Td (2.4 p.p.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.50 574.33 Td (24.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 574.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.50 574.33 Td (17.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.50 574.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 486.50 574.33 Td (7.2 p.p.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 535.50 574.33 Td (6.7 p.p.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 49.50 565.37 Td (\(1\) ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 55.94 562.20 Td (Number is not meaningful.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 546.60 Td (television ) Tj ET Q q 0 0 0 rg BT 97.04 546.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 134.59 546.60 Td (market ) Tj ET Q q 0 0 0 rg BT 158.80 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 167.02 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 178.80 546.60 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 203.02 546.60 Td (Republic ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.90 546.60 Td (increased) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.11 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 266.11 546.60 Td (an ) Tj ET Q q 0 0 0 rg BT 275.66 546.60 Td (estimated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.31 546.60 Td (4%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.98 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 320.98 546.60 Td (at ) Tj ET Q q 0 0 0 rg BT 328.75 546.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 357.41 546.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 374.51 546.60 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.73 546.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.73 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 400.73 546.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.29 546.60 Td (4%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.95 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 426.95 546.60 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.17 546.60 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.17 546.60 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 531.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.17 531.00 Td (television ) Tj ET Q q 0 0 0 rg BT 97.49 531.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 135.26 531.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 165.92 531.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 198.34 531.00 Td (on ) Tj ET Q q 0 0 0 rg BT 208.57 531.00 Td (a ) Tj ET Q q 0 0 0 rg BT 214.34 531.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 243.23 531.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 273.43 531.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 291.65 531.00 Td (in ) Tj ET Q q 0 0 0 rg BT 300.10 531.00 Td (2018 ) Tj ET Q q 0 0 0 rg BT 318.32 531.00 Td (due ) Tj ET Q q 0 0 0 rg BT 332.10 531.00 Td (to ) Tj ET Q q 0 0 0 rg BT 340.54 531.00 Td (higher ) Tj ET Q q 0 0 0 rg BT 363.21 531.00 Td (average ) Tj ET Q q 0 0 0 rg BT 390.30 531.00 Td (prices, ) Tj ET Q q 0 0 0 rg BT 413.62 531.00 Td (and ) Tj ET Q q 0 0 0 rg BT 427.40 531.00 Td (we ) Tj ET Q q 0 0 0 rg BT 438.95 531.00 Td (regained ) Tj ET Q q 0 0 0 rg BT 468.71 531.00 Td (market ) Tj ET Q q 0 0 0 rg BT 493.15 531.00 Td (share. ) Tj ET Q q 0 0 0 rg BT 514.09 531.00 Td (There ) Tj ET Q q 0 0 0 rg BT 534.96 531.00 Td (was ) Tj ET Q q 0 0 0 rg BT 549.63 531.00 Td (also ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 521.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 71.91 521.40 Td (spending ) Tj ET Q q 0 0 0 rg BT 102.78 521.40 Td (on ) Tj ET Q q 0 0 0 rg BT 112.75 521.40 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 152.96 521.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 186.47 521.40 Td (to ) Tj ET Q q 0 0 0 rg BT 194.67 521.40 Td (last ) Tj ET Q q 0 0 0 rg BT 207.76 521.40 Td (year) Tj ET Q q 0 0 0 rg BT 221.20 521.40 Td (, ) Tj ET Q q 0 0 0 rg BT 225.18 521.40 Td (as ) Tj ET Q q 0 0 0 rg BT 233.82 521.40 Td (sellout ) Tj ET Q q 0 0 0 rg BT 257.13 521.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 274.21 521.40 Td (remain ) Tj ET Q q 0 0 0 rg BT 298.39 521.40 Td (elevated. ) Tj ET Q q 0 0 0 rg BT 329.02 521.40 Td (Following ) Tj ET Q q 0 0 0 rg BT 363.89 521.40 Td (our ) Tj ET Q q 0 0 0 rg BT 376.53 521.40 Td (exit ) Tj ET Q q 0 0 0 rg BT 390.50 521.40 Td (from ) Tj ET Q q 0 0 0 rg BT 408.03 521.40 Td (digital ) Tj ET Q q 0 0 0 rg BT 430.45 521.40 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 463.07 521.40 Td (transmission ) Tj ET Q q 0 0 0 rg BT 505.50 521.40 Td (of ) Tj ET Q q 0 0 0 rg BT 514.14 521.40 Td (our ) Tj ET Q q 0 0 0 rg BT 526.78 521.40 Td (channels ) Tj ET Q q 0 0 0 rg BT 556.74 521.40 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 511.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 511.80 Td (beginning ) Tj ET Q q 0 0 0 rg BT 95.27 511.80 Td (of ) Tj ET Q q 0 0 0 rg BT 103.93 511.80 Td (2017, ) Tj ET Q q 0 0 0 rg BT 123.93 511.80 Td (carriage ) Tj ET Q q 0 0 0 rg BT 151.69 511.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 166.57 511.80 Td (and ) Tj ET Q q 0 0 0 rg BT 180.12 511.80 Td (subscription ) Tj ET Q q 0 0 0 rg BT 221.23 511.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 251.66 511.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 283.86 511.80 Td (significantly ) Tj ET Q q 0 0 0 rg BT 325.85 511.80 Td (in ) Tj ET Q q 0 0 0 rg BT 334.07 511.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 352.07 511.80 Td (as ) Tj ET Q q 0 0 0 rg BT 360.74 511.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 384.50 511.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 415.38 511.80 Td (were ) Tj ET Q q 0 0 0 rg BT 432.92 511.80 Td (signed ) Tj ET Q q 0 0 0 rg BT 455.80 511.80 Td (in ) Tj ET Q q 0 0 0 rg BT 464.03 511.80 Td (the ) Tj ET Q q 0 0 0 rg BT 475.80 511.80 Td (first ) Tj ET Q q 0 0 0 rg BT 490.69 511.80 Td (half ) Tj ET Q q 0 0 0 rg BT 505.13 511.80 Td (of ) Tj ET Q q 0 0 0 rg BT 513.79 511.80 Td (2017.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 496.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.79 496.20 Td (television ) Tj ET Q q 0 0 0 rg BT 96.75 496.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 134.15 496.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 164.43 496.20 Td (decreased ) Tj ET Q q 0 0 0 rg BT 197.81 496.20 Td (on ) Tj ET Q q 0 0 0 rg BT 207.66 496.20 Td (a ) Tj ET Q q 0 0 0 rg BT 213.07 496.20 Td (constant ) Tj ET Q q 0 0 0 rg BT 241.58 496.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 271.41 496.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 289.26 496.20 Td (during ) Tj ET Q q 0 0 0 rg BT 312.00 496.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 329.85 496.20 Td (from ) Tj ET Q q 0 0 0 rg BT 347.25 496.20 Td (selling ) Tj ET Q q 0 0 0 rg BT 370.44 496.20 Td (fewer ) Tj ET Q q 0 0 0 rg BT 390.50 496.20 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 411.02 496.20 Td (as ) Tj ET Q q 0 0 0 rg BT 419.54 496.20 Td (our ) Tj ET Q q 0 0 0 rg BT 432.05 496.20 Td (audience ) Tj ET Q q 0 0 0 rg BT 462.33 496.20 Td (share ) Tj ET Q q 0 0 0 rg BT 481.06 496.20 Td (was ) Tj ET Q q 0 0 0 rg BT 495.36 496.20 Td (af) Tj ET Q q 0 0 0 rg BT 501.43 496.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 522.82 496.20 Td (by ) Tj ET Q q 0 0 0 rg BT 532.67 496.20 Td (the ) Tj ET Q q 0 0 0 rg BT 544.29 496.20 Td (lower ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (reach ) Tj ET Q q 0 0 0 rg BT 68.83 486.60 Td (for ) Tj ET Q q 0 0 0 rg BT 80.18 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 92.86 486.60 Td (channels, ) Tj ET Q q 0 0 0 rg BT 124.86 486.60 Td (which ) Tj ET Q q 0 0 0 rg BT 146.43 486.60 Td (have ) Tj ET Q q 0 0 0 rg BT 163.55 486.60 Td (been ) Tj ET Q q 0 0 0 rg BT 180.67 486.60 Td (distributed ) Tj ET Q q 0 0 0 rg BT 216.90 486.60 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 255.35 486.60 Td (on ) Tj ET Q q 0 0 0 rg BT 265.37 486.60 Td (cable, ) Tj ET Q q 0 0 0 rg BT 286.26 486.60 Td (satellite ) Tj ET Q q 0 0 0 rg BT 313.16 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.72 486.60 Td (IPTV) Tj ET Q q 0 0 0 rg BT 344.36 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 346.37 486.60 Td (platforms ) Tj ET Q q 0 0 0 rg BT 379.05 486.60 Td (since ) Tj ET Q q 0 0 0 rg BT 397.50 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 409.29 486.60 Td (start ) Tj ET Q q 0 0 0 rg BT 425.08 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 433.76 486.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 453.78 486.60 Td (Demand ) Tj ET Q q 0 0 0 rg BT 482.90 486.60 Td (for ) Tj ET Q q 0 0 0 rg BT 494.24 486.60 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 514.94 486.60 Td (was ) Tj ET Q q 0 0 0 rg BT 529.39 486.60 Td (also ) Tj ET Q q 0 0 0 rg BT 544.30 486.60 Td (lower ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 477.00 Td (in ) Tj ET Q q 0 0 0 rg BT 57.54 477.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 75.35 477.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 108.70 477.00 Td (to ) Tj ET Q q 0 0 0 rg BT 116.74 477.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 134.55 477.00 Td (due ) Tj ET Q q 0 0 0 rg BT 147.92 477.00 Td (to ) Tj ET Q q 0 0 0 rg BT 155.95 477.00 Td (spending ) Tj ET Q q 0 0 0 rg BT 186.65 477.00 Td (on ) Tj ET Q q 0 0 0 rg BT 196.47 477.00 Td (informational ) Tj ET Q q 0 0 0 rg BT 241.82 477.00 Td (and ) Tj ET Q q 0 0 0 rg BT 255.19 477.00 Td (political ) Tj ET Q q 0 0 0 rg BT 283.21 477.00 Td (campaigns ) Tj ET Q q 0 0 0 rg BT 319.24 477.00 Td (in ) Tj ET Q q 0 0 0 rg BT 327.28 477.00 Td (the ) Tj ET Q q 0 0 0 rg BT 338.86 477.00 Td (first ) Tj ET Q q 0 0 0 rg BT 353.56 477.00 Td (half ) Tj ET Q q 0 0 0 rg BT 367.81 477.00 Td (of ) Tj ET Q q 0 0 0 rg BT 376.29 477.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 394.10 477.00 Td (that ) Tj ET Q q 0 0 0 rg BT 407.91 477.00 Td (was ) Tj ET Q q 0 0 0 rg BT 422.17 477.00 Td (not ) Tj ET Q q 0 0 0 rg BT 434.21 477.00 Td (repeated ) Tj ET Q q 0 0 0 rg BT 463.11 477.00 Td (in ) Tj ET Q q 0 0 0 rg BT 471.14 477.00 Td (2017. ) Tj ET Q q 0 0 0 rg BT 490.83 477.00 Td (The ) Tj ET Q q 0 0 0 rg BT 505.08 477.00 Td (change ) Tj ET Q q 0 0 0 rg BT 529.54 477.00 Td (in ) Tj ET Q q 0 0 0 rg BT 537.58 477.00 Td (the ) Tj ET Q q 0 0 0 rg BT 549.17 477.00 Td (way ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 467.40 Td (our ) Tj ET Q q 0 0 0 rg BT 62.85 467.40 Td (channels ) Tj ET Q q 0 0 0 rg BT 93.53 467.40 Td (are ) Tj ET Q q 0 0 0 rg BT 105.98 467.40 Td (distributed ) Tj ET Q q 0 0 0 rg BT 142.89 467.40 Td (resulted ) Tj ET Q q 0 0 0 rg BT 170.90 467.40 Td (in ) Tj ET Q q 0 0 0 rg BT 179.81 467.40 Td (a ) Tj ET Q q 0 0 0 rg BT 186.05 467.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 222.51 467.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 251.40 467.40 Td (in ) Tj ET Q q 0 0 0 rg BT 260.31 467.40 Td (carriage ) Tj ET Q q 0 0 0 rg BT 288.76 467.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 304.32 467.40 Td (and ) Tj ET Q q 0 0 0 rg BT 318.56 467.40 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 363.47 467.40 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 393.48 467.40 Td (as ) Tj ET Q q 0 0 0 rg BT 402.83 467.40 Td (well ) Tj ET Q q 0 0 0 rg BT 419.29 467.40 Td (as ) Tj ET Q q 0 0 0 rg BT 428.65 467.40 Td (a ) Tj ET Q q 0 0 0 rg BT 434.89 467.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 450.46 467.40 Td (reduction ) Tj ET Q q 0 0 0 rg BT 483.36 467.40 Td (from ) Tj ET Q q 0 0 0 rg BT 501.60 467.40 Td (significantly ) Tj ET Q q 0 0 0 rg BT 544.28 467.40 Td (lower ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 457.80 Td (transmission ) Tj ET Q q 0 0 0 rg BT 91.95 457.80 Td (costs.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 442.20 Td (Costs ) Tj ET Q q 0 0 0 rg BT 70.28 442.20 Td (char) Tj ET Q q 0 0 0 rg BT 83.90 442.20 Td (ged ) Tj ET Q q 0 0 0 rg BT 98.44 442.20 Td (in ) Tj ET Q q 0 0 0 rg BT 107.66 442.20 Td (arriving ) Tj ET Q q 0 0 0 rg BT 135.98 442.20 Td (at ) Tj ET Q q 0 0 0 rg BT 144.74 442.20 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 169.63 442.20 Td ( ) Tj ET Q q 0 0 0 rg BT 172.63 442.20 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.84 442.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.84 442.20 Td ( ) Tj ET Q q 0 0 0 rg BT 200.84 442.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 234.03 442.20 Td (due ) Tj ET Q q 0 0 0 rg BT 248.58 442.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 281.34 442.20 Td (to ) Tj ET Q q 0 0 0 rg BT 290.55 442.20 Td (an ) Tj ET Q q 0 0 0 rg BT 301.10 442.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 330.29 442.20 Td (in ) Tj ET Q q 0 0 0 rg BT 339.51 442.20 Td (legal ) Tj ET Q q 0 0 0 rg BT 358.05 442.20 Td (and ) Tj ET Q q 0 0 0 rg BT 372.59 442.20 Td (professional ) Tj ET Q q 0 0 0 rg BT 414.69 442.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 430.56 442.20 Td (\(see ) Tj ET Q q 0 0 0 rg BT 446.43 442.20 Td (Item ) Tj ET Q q 0 0 0 rg BT 464.09 442.20 Td (8, ) Tj ET Q q 0 0 0 rg BT 473.08 442.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 491.62 442.20 Td (21 ) Tj ET Q q 0 0 0 rg BT 502.62 442.20 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 550.95 442.20 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 432.60 Td (Contingencies\), ) Tj ET Q q 0 0 0 rg BT 101.85 432.60 Td (which ) Tj ET Q q 0 0 0 rg BT 123.32 432.60 Td (were ) Tj ET Q q 0 0 0 rg BT 140.79 432.60 Td (mostly ) Tj ET Q q 0 0 0 rg BT 164.49 432.60 Td (of) Tj ET Q q 0 0 0 rg BT 171.01 432.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 184.48 432.60 Td (by ) Tj ET Q q 0 0 0 rg BT 194.40 432.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 214.53 432.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 247.55 432.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 265.47 432.60 Td (and ) Tj ET Q q 0 0 0 rg BT 278.95 432.60 Td (transmission ) Tj ET Q q 0 0 0 rg BT 321.31 432.60 Td (fees. ) Tj ET Q q 0 0 0 rg BT 338.11 432.60 Td (Content ) Tj ET Q q 0 0 0 rg BT 365.36 432.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 383.28 432.60 Td (were ) Tj ET Q q 0 0 0 rg BT 400.74 432.60 Td (broadly ) Tj ET Q q 0 0 0 rg BT 427.10 432.60 Td (flat, ) Tj ET Q q 0 0 0 rg BT 441.68 432.60 Td (as ) Tj ET Q q 0 0 0 rg BT 450.27 432.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 472.62 432.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 490.54 432.60 Td (of ) Tj ET Q q 0 0 0 rg BT 499.13 432.60 Td (local ) Tj ET Q q 0 0 0 rg BT 516.59 432.60 Td (productions ) Tj ET Q q 0 0 0 rg BT 556.29 432.60 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 423.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 423.00 Td (spring ) Tj ET Q q 0 0 0 rg BT 83.27 423.00 Td (season ) Tj ET Q q 0 0 0 rg BT 106.60 423.00 Td (were ) Tj ET Q q 0 0 0 rg BT 124.14 423.00 Td (of) Tj ET Q q 0 0 0 rg BT 130.66 423.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 144.21 423.00 Td (by ) Tj ET Q q 0 0 0 rg BT 154.21 423.00 Td (savings ) Tj ET Q q 0 0 0 rg BT 180.21 423.00 Td (in ) Tj ET Q q 0 0 0 rg BT 188.44 423.00 Td (the ) Tj ET Q q 0 0 0 rg BT 200.21 423.00 Td (fall ) Tj ET Q q 0 0 0 rg BT 212.87 423.00 Td (season ) Tj ET Q q 0 0 0 rg BT 236.20 423.00 Td (as ) Tj ET Q q 0 0 0 rg BT 244.86 423.00 Td (well ) Tj ET Q q 0 0 0 rg BT 260.64 423.00 Td (as ) Tj ET Q q 0 0 0 rg BT 269.30 423.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 289.52 423.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 317.28 423.00 Td (from ) Tj ET Q q 0 0 0 rg BT 334.83 423.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 359.93 423.00 Td (content ) Tj ET Q q 0 0 0 rg BT 385.48 423.00 Td (during ) Tj ET Q q 0 0 0 rg BT 408.37 423.00 Td (the ) Tj ET Q q 0 0 0 rg BT 420.14 423.00 Td (year) Tj ET Q q 0 0 0 rg BT 433.46 423.00 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 407.40 Td (On ) Tj ET Q q 0 0 0 rg BT 61.67 407.40 Td (a ) Tj ET Q q 0 0 0 rg BT 67.61 407.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 96.66 407.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 127.04 407.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 147.43 407.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 165.82 407.40 Td (decreased ) Tj ET Q q 0 0 0 rg BT 199.74 407.40 Td (in ) Tj ET Q q 0 0 0 rg BT 208.36 407.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 226.75 407.40 Td (due ) Tj ET Q q 0 0 0 rg BT 240.69 407.40 Td (to ) Tj ET Q q 0 0 0 rg BT 249.30 407.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 269.91 407.40 Td (transmission ) Tj ET Q q 0 0 0 rg BT 312.75 407.40 Td (costs, ) Tj ET Q q 0 0 0 rg BT 333.14 407.40 Td (which ) Tj ET Q q 0 0 0 rg BT 355.08 407.40 Td (were ) Tj ET Q q 0 0 0 rg BT 373.02 407.40 Td (partially ) Tj ET Q q 0 0 0 rg BT 402.06 407.40 Td (of) Tj ET Q q 0 0 0 rg BT 408.58 407.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 422.53 407.40 Td (by ) Tj ET Q q 0 0 0 rg BT 432.92 407.40 Td (an ) Tj ET Q q 0 0 0 rg BT 442.86 407.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 471.45 407.40 Td (in ) Tj ET Q q 0 0 0 rg BT 480.07 407.40 Td (content ) Tj ET Q q 0 0 0 rg BT 506.01 407.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 524.40 407.40 Td (as ) Tj ET Q q 0 0 0 rg BT 533.45 407.40 Td (we ) Tj ET Q q 0 0 0 rg BT 545.17 407.40 Td (made ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 397.80 Td (tar) Tj ET Q q 0 0 0 rg BT 57.79 397.80 Td (geted ) Tj ET Q q 0 0 0 rg BT 77.12 397.80 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 117.34 397.80 Td (in ) Tj ET Q q 0 0 0 rg BT 125.56 397.80 Td (the ) Tj ET Q q 0 0 0 rg BT 137.33 397.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 182.88 397.80 Td (line-up ) Tj ET Q q 0 0 0 rg BT 207.54 397.80 Td (since ) Tj ET Q q 0 0 0 rg BT 225.98 397.80 Td (we ) Tj ET Q q 0 0 0 rg BT 237.30 397.80 Td (changed ) Tj ET Q q 0 0 0 rg BT 265.96 397.80 Td (the ) Tj ET Q q 0 0 0 rg BT 277.73 397.80 Td (way ) Tj ET Q q 0 0 0 rg BT 293.06 397.80 Td (our ) Tj ET Q q 0 0 0 rg BT 305.72 397.80 Td (channels ) Tj ET Q q 0 0 0 rg BT 335.71 397.80 Td (are ) Tj ET Q q 0 0 0 rg BT 347.48 397.80 Td (distributed.) Tj ET Q endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (Slovenia) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 674.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 674.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 674.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 674.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 648.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 648.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 648.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 648.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 622.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 622.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 622.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 622.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 596.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 596.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 596.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 596.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 596.10 45.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170 700.1 m 215 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 215 700.1 m 219 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 219 700.1 m 264 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 264 700.1 m 268 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 268 700.1 m 313 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 313 700.1 m 317 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317 700.1 m 362 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362 700.1 m 371 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 371 700.1 m 416 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 416 700.1 m 420 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 700.1 m 465 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465 700.1 m 469 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 700.1 m 514 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 514 700.1 m 518 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 700.1 m 563 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170 700.1 m 215 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 268 687.1 m 313 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 313 687.1 m 317 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317 687.1 m 362 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 700.1 m 514 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 687.1 m 514 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 514 700.1 m 518 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 514 687.1 m 518 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 700.1 m 563 700.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 687.1 m 563 687.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 268 674.1 m 313 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 371 674.1 m 416 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 674.1 m 514 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170 674.1 m 215 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 219 674.1 m 264 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317 674.1 m 362 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 674.1 m 465 674.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 674.1 m 563 674.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 635.1 m 465 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 635.1 m 215 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 635.1 m 264 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 635.1 m 416 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 635.1 m 465 635.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 609.1 m 215 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 597.1 m 215 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 595.1 m 215 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 609.1 m 264 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 597.1 m 264 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 595.1 m 264 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 609.1 m 416 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 597.1 m 416 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 595.1 m 416 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 609.1 m 465 609.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 597.1 m 465 597.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 595.1 m 465 595.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 571.1 m 215 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 569.1 m 215 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 571.1 m 264 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 569.1 m 264 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 571.1 m 416 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 569.1 m 416 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 571.1 m 465 571.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 569.1 m 465 569.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 704.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.90 704.33 Td (For) Tj ET Q q 0 0 0 rg BT 300.19 704.33 Td ( the ) Tj ET Q q 0 0 0 rg BT 314.56 704.33 Td (Y) Tj ET Q q 0 0 0 rg BT 319.45 704.33 Td (ear) Tj ET Q q 0 0 0 rg BT 330.41 704.33 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 391.14 704.33 Td ( 31, \(US$ 000's\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 691.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.50 691.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 691.35 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 297.15 691.33 Td (Movement) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 498.15 691.33 Td (Movement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 678.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.50 678.33 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.50 678.33 Td (2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 290.00 678.33 Td (% ) Tj ET Q q 0 0 0 rg BT 298.52 678.33 Td (Act) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 340.05 678.33 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.50 678.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 678.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.90 678.33 Td (% ) Tj ET Q q 0 0 0 rg BT 498.68 678.33 Td (Act) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.25 678.33 Td (% Lfl) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 665.35 Td (T) Tj ET Q q 0 0 0 rg BT 57.11 665.35 Td (elevision ) Tj ET Q q 0 0 0 rg BT 87.71 665.35 Td (advertising) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.50 665.35 Td (53,783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.50 665.35 Td (52,289) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.75 665.35 Td (2.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 665.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.45 665.35 Td (\(0.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.15 665.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.50 665.35 Td (52,289) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.50 665.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.50 665.35 Td (48,408) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.75 665.35 Td (8.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 665.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.15 665.35 Td (4.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 665.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 652.35 Td (Carriage fees and subscriptions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.50 652.35 Td (21,541) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.50 652.35 Td (12,591) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 291.75 652.35 Td (71.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 652.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.15 652.35 Td (66.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.75 652.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.50 652.35 Td (12,591) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.50 652.35 Td (4,714) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.75 652.35 Td (167.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 652.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.15 652.35 Td (161.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 652.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 639.35 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.50 639.35 Td (4,263) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.50 639.35 Td (3,816) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 291.75 639.35 Td (1) Tj ET Q q 0 0 0 rg BT 295.75 639.35 Td (1.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 639.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.15 639.35 Td (8.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.75 639.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 639.35 Td (3,816) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.50 639.35 Td (3,790) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.75 639.35 Td (0.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 639.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.45 639.35 Td (\(2.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 639.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 626.33 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.49 626.33 Td (r) Tj ET Q q 0 0 0 rg BT 69.97 626.33 Td (evenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.50 626.33 Td (79,587) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.50 626.33 Td (68,696) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 291.75 626.33 Td (15.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 305.80 626.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 338.15 626.33 Td (12.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.75 626.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.50 626.33 Td (68,696) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.50 626.33 Td (56,912) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 492.75 626.33 Td (20.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 506.80 626.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 539.15 626.33 Td (17.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 555.80 626.33 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 613.35 Td (Costs ) Tj ET Q q 0 0 0 rg BT 72.05 613.35 Td (char) Tj ET Q q 0 0 0 rg BT 85.67 613.35 Td (ged ) Tj ET Q q 0 0 0 rg BT 98.99 613.35 Td (in ) Tj ET Q q 0 0 0 rg BT 106.98 613.35 Td (arriving ) Tj ET Q q 0 0 0 rg BT 134.07 613.35 Td (at ) Tj ET Q q 0 0 0 rg BT 141.61 613.35 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.50 613.35 Td (57,071) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.50 613.35 Td (54,433) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.75 613.35 Td (4.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.80 613.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.15 613.35 Td (0.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.75 613.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.50 613.35 Td (54,433) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.50 613.35 Td (52,238) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.75 613.35 Td (4.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.80 613.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.15 613.35 Td (2.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 613.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 600.33 Td (OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 172.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.50 600.33 Td (22,516) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.50 600.33 Td (14,263) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 291.75 600.33 Td (57.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 305.80 600.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 338.15 600.33 Td (57.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.75 600.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.50 600.33 Td (14,263) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.50 600.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.50 600.33 Td (4,674) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.75 600.33 Td (205.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 506.80 600.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 535.15 600.33 Td (168.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 555.80 600.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 574.33 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 78.29 574.33 Td ( ) Tj ET Q q 0 0 0 rg BT 80.29 574.33 Td (margin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.50 574.33 Td (28.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.50 574.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.50 574.33 Td (20.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.50 574.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 285.50 574.33 Td (7.5 p.p.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 334.50 574.33 Td (8.2 p.p.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.50 574.33 Td (20.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.50 574.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.50 574.33 Td (8.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.50 574.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 482.50 574.33 Td (12.6 p.p.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.50 574.33 Td (1) Tj ET Q q 0 0 0 rg BT 535.50 574.33 Td (1.7 p.p.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 555.00 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 555.00 Td (television ) Tj ET Q q 0 0 0 rg BT 97.04 555.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 134.59 555.00 Td (market ) Tj ET Q q 0 0 0 rg BT 158.80 555.00 Td (in ) Tj ET Q q 0 0 0 rg BT 167.02 555.00 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 197.02 555.00 Td (was ) Tj ET Q q 0 0 0 rg BT 211.46 555.00 Td (broadly ) Tj ET Q q 0 0 0 rg BT 237.90 555.00 Td (flat ) Tj ET Q q 0 0 0 rg BT 250.56 555.00 Td (at ) Tj ET Q q 0 0 0 rg BT 258.33 555.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 286.99 555.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 304.09 555.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.32 555.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.32 555.00 Td ( ) Tj ET Q q 0 0 0 rg BT 330.32 555.00 Td (and ) Tj ET Q q 0 0 0 rg BT 343.87 555.00 Td (increased ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.07 555.00 Td (4%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.73 555.00 Td ( ) Tj ET Q q 0 0 0 rg BT 388.73 555.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.96 555.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.96 555.00 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 539.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.98 539.40 Td (television ) Tj ET Q q 0 0 0 rg BT 97.13 539.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 134.72 539.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 165.19 539.40 Td (were ) Tj ET Q q 0 0 0 rg BT 182.78 539.40 Td (broadly ) Tj ET Q q 0 0 0 rg BT 209.26 539.40 Td (flat ) Tj ET Q q 0 0 0 rg BT 221.96 539.40 Td (on ) Tj ET Q q 0 0 0 rg BT 232.00 539.40 Td (a ) Tj ET Q q 0 0 0 rg BT 237.59 539.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 266.29 539.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 296.32 539.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 314.36 539.40 Td (in ) Tj ET Q q 0 0 0 rg BT 322.62 539.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 340.67 539.40 Td (due ) Tj ET Q q 0 0 0 rg BT 354.26 539.40 Td (to ) Tj ET Q q 0 0 0 rg BT 362.52 539.40 Td (selling ) Tj ET Q q 0 0 0 rg BT 385.90 539.40 Td (fewer ) Tj ET Q q 0 0 0 rg BT 406.15 539.40 Td (GRPs, ) Tj ET Q q 0 0 0 rg BT 428.86 539.40 Td (which ) Tj ET Q q 0 0 0 rg BT 450.46 539.40 Td (was ) Tj ET Q q 0 0 0 rg BT 464.94 539.40 Td (mostly ) Tj ET Q q 0 0 0 rg BT 488.76 539.40 Td (of) Tj ET Q q 0 0 0 rg BT 495.28 539.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 508.88 539.40 Td (by ) Tj ET Q q 0 0 0 rg BT 518.92 539.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 541.40 539.40 Td (prices. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 529.80 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 79.18 529.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 94.20 529.80 Td (and ) Tj ET Q q 0 0 0 rg BT 107.90 529.80 Td (subscription ) Tj ET Q q 0 0 0 rg BT 149.15 529.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 179.72 529.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 212.07 529.80 Td (following ) Tj ET Q q 0 0 0 rg BT 245.32 529.80 Td (our ) Tj ET Q q 0 0 0 rg BT 258.13 529.80 Td (exit ) Tj ET Q q 0 0 0 rg BT 272.26 529.80 Td (from ) Tj ET Q q 0 0 0 rg BT 289.96 529.80 Td (DTT) Tj ET Q q 0 0 0 rg BT 304.91 529.80 Td (, ) Tj ET Q q 0 0 0 rg BT 309.06 529.80 Td (since ) Tj ET Q q 0 0 0 rg BT 327.64 529.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 348.88 529.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 381.23 529.80 Td (and ) Tj ET Q q 0 0 0 rg BT 394.92 529.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 418.82 529.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 449.84 529.80 Td (took ) Tj ET Q q 0 0 0 rg BT 466.21 529.80 Td (ef) Tj ET Q q 0 0 0 rg BT 472.28 529.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 486.41 529.80 Td (in ) Tj ET Q q 0 0 0 rg BT 494.77 529.80 Td (the ) Tj ET Q q 0 0 0 rg BT 506.69 529.80 Td (second ) Tj ET Q q 0 0 0 rg BT 531.05 529.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 555.84 529.80 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 520.20 Td (2017.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 504.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.60 504.60 Td (television ) Tj ET Q q 0 0 0 rg BT 98.36 504.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 136.57 504.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 167.66 504.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 200.52 504.60 Td (on ) Tj ET Q q 0 0 0 rg BT 211.18 504.60 Td (a ) Tj ET Q q 0 0 0 rg BT 217.38 504.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 246.70 504.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 277.34 504.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 296.00 504.60 Td (in ) Tj ET Q q 0 0 0 rg BT 304.88 504.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 323.54 504.60 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 356.85 504.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 379.94 504.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 401.70 504.60 Td (from ) Tj ET Q q 0 0 0 rg BT 419.91 504.60 Td (strong ) Tj ET Q q 0 0 0 rg BT 442.57 504.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 470.55 504.60 Td (while ) Tj ET Q q 0 0 0 rg BT 490.98 504.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 524.74 504.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 550.06 504.60 Td (was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 495.00 Td (significant. ) Tj ET Q q 0 0 0 rg BT 87.22 495.00 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 116.72 495.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 131.55 495.00 Td (and ) Tj ET Q q 0 0 0 rg BT 145.06 495.00 Td (subscription ) Tj ET Q q 0 0 0 rg BT 186.12 495.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 216.51 495.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 248.67 495.00 Td (significantly ) Tj ET Q q 0 0 0 rg BT 290.61 495.00 Td (due ) Tj ET Q q 0 0 0 rg BT 304.12 495.00 Td (to ) Tj ET Q q 0 0 0 rg BT 312.30 495.00 Td (new ) Tj ET Q q 0 0 0 rg BT 327.58 495.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 365.96 495.00 Td (with ) Tj ET Q q 0 0 0 rg BT 382.14 495.00 Td (cable, ) Tj ET Q q 0 0 0 rg BT 402.97 495.00 Td (satellite ) Tj ET Q q 0 0 0 rg BT 429.80 495.00 Td (and ) Tj ET Q q 0 0 0 rg BT 443.31 495.00 Td (IPTV) Tj ET Q q 0 0 0 rg BT 460.94 495.00 Td ( ) Tj ET Q q 0 0 0 rg BT 462.90 495.00 Td (operators ) Tj ET Q q 0 0 0 rg BT 494.62 495.00 Td (because ) Tj ET Q q 0 0 0 rg BT 521.89 495.00 Td (our ) Tj ET Q q 0 0 0 rg BT 534.51 495.00 Td (channels ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 485.40 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 485.40 Td (the ) Tj ET Q q 0 0 0 rg BT 69.50 485.40 Td (country ) Tj ET Q q 0 0 0 rg BT 95.93 485.40 Td (were ) Tj ET Q q 0 0 0 rg BT 113.48 485.40 Td (distributed ) Tj ET Q q 0 0 0 rg BT 149.70 485.40 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 188.13 485.40 Td (on ) Tj ET Q q 0 0 0 rg BT 198.13 485.40 Td (those ) Tj ET Q q 0 0 0 rg BT 217.02 485.40 Td (platforms ) Tj ET Q q 0 0 0 rg BT 249.68 485.40 Td (starting ) Tj ET Q q 0 0 0 rg BT 275.67 485.40 Td (at ) Tj ET Q q 0 0 0 rg BT 283.45 485.40 Td (the ) Tj ET Q q 0 0 0 rg BT 295.22 485.40 Td (beginning ) Tj ET Q q 0 0 0 rg BT 329.21 485.40 Td (of ) Tj ET Q q 0 0 0 rg BT 337.88 485.40 Td (2017. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 469.80 Td (Costs ) Tj ET Q q 0 0 0 rg BT 69.26 469.80 Td (char) Tj ET Q q 0 0 0 rg BT 82.88 469.80 Td (ged ) Tj ET Q q 0 0 0 rg BT 96.40 469.80 Td (in ) Tj ET Q q 0 0 0 rg BT 104.59 469.80 Td (arriving ) Tj ET Q q 0 0 0 rg BT 131.89 469.80 Td (at ) Tj ET Q q 0 0 0 rg BT 139.64 469.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 164.53 469.80 Td ( ) Tj ET Q q 0 0 0 rg BT 166.50 469.80 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.69 469.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.69 469.80 Td ( ) Tj ET Q q 0 0 0 rg BT 192.66 469.80 Td (were ) Tj ET Q q 0 0 0 rg BT 210.18 469.80 Td (broadly ) Tj ET Q q 0 0 0 rg BT 236.59 469.80 Td (flat ) Tj ET Q q 0 0 0 rg BT 249.22 469.80 Td (at ) Tj ET Q q 0 0 0 rg BT 256.96 469.80 Td (constant ) Tj ET Q q 0 0 0 rg BT 285.60 469.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 302.67 469.80 Td (as ) Tj ET Q q 0 0 0 rg BT 311.31 469.80 Td (content ) Tj ET Q q 0 0 0 rg BT 336.82 469.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 354.80 469.80 Td (decreased ) Tj ET Q q 0 0 0 rg BT 388.30 469.80 Td (slightly ) Tj ET Q q 0 0 0 rg BT 414.27 469.80 Td (due ) Tj ET Q q 0 0 0 rg BT 427.80 469.80 Td (to ) Tj ET Q q 0 0 0 rg BT 435.99 469.80 Td (savings ) Tj ET Q q 0 0 0 rg BT 461.96 469.80 Td (from ) Tj ET Q q 0 0 0 rg BT 479.49 469.80 Td (fewer ) Tj ET Q q 0 0 0 rg BT 499.66 469.80 Td (sports ) Tj ET Q q 0 0 0 rg BT 520.75 469.80 Td (rights, ) Tj ET Q q 0 0 0 rg BT 542.94 469.80 Td (which ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 460.20 Td (was ) Tj ET Q q 0 0 0 rg BT 63.94 460.20 Td (of) Tj ET Q q 0 0 0 rg BT 70.46 460.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 84.01 460.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 115.78 460.20 Td (by ) Tj ET Q q 0 0 0 rg BT 125.78 460.20 Td (higher ) Tj ET Q q 0 0 0 rg BT 148.22 460.20 Td (personnel ) Tj ET Q q 0 0 0 rg BT 181.32 460.20 Td (costs.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 444.60 Td (On ) Tj ET Q q 0 0 0 rg BT 61.31 444.60 Td (a ) Tj ET Q q 0 0 0 rg BT 66.90 444.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 95.59 444.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 125.61 444.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 145.64 444.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 163.67 444.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 195.91 444.60 Td (in ) Tj ET Q q 0 0 0 rg BT 204.17 444.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 222.20 444.60 Td (due ) Tj ET Q q 0 0 0 rg BT 235.79 444.60 Td (to ) Tj ET Q q 0 0 0 rg BT 244.04 444.60 Td (an ) Tj ET Q q 0 0 0 rg BT 253.63 444.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 281.87 444.60 Td (in ) Tj ET Q q 0 0 0 rg BT 290.12 444.60 Td (content ) Tj ET Q q 0 0 0 rg BT 315.70 444.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 333.74 444.60 Td (as ) Tj ET Q q 0 0 0 rg BT 342.44 444.60 Td (we ) Tj ET Q q 0 0 0 rg BT 353.80 444.60 Td (made ) Tj ET Q q 0 0 0 rg BT 373.16 444.60 Td (tar) Tj ET Q q 0 0 0 rg BT 381.45 444.60 Td (geted ) Tj ET Q q 0 0 0 rg BT 400.81 444.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 441.06 444.60 Td (in ) Tj ET Q q 0 0 0 rg BT 449.32 444.60 Td (the ) Tj ET Q q 0 0 0 rg BT 461.13 444.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 506.71 444.60 Td (line-up ) Tj ET Q q 0 0 0 rg BT 531.40 444.60 Td (following ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 435.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 435.00 Td (DTT) Tj ET Q q 0 0 0 rg BT 76.68 435.00 Td ( ) Tj ET Q q 0 0 0 rg BT 78.68 435.00 Td (exit.) Tj ET Q endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (26) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (II. ) Tj ET Q q 0 0 0 rg BT 76.50 723.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 107.40 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 116.06 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 128.73 723.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 155.62 723.60 Td (of ) Tj ET Q q 0 0 0 rg BT 164.28 723.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 204.50 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 219.40 723.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 253.41 723.60 Td (Position) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 655.10 120.00 -13.00 re f /GS0 gs 0.8 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9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 603.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 603.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 603.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 603.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 603.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 603.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 603.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 577.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.00 577.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 577.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 577.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 577.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 577.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 577.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 577.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 577.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 577.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 577.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 577.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 577.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 577.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 577.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 577.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 543.10 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.00 543.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 543.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 543.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 543.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 543.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 543.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 543.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 543.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 543.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 543.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 543.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 543.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 543.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 543.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 543.10 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 517.10 120.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 169.00 517.10 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 517.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 517.10 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 517.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 517.10 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 517.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 517.10 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 517.10 9.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 517.10 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 517.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 517.10 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 517.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 517.10 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 517.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 517.10 45.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 169 694.1 m 214 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 214 694.1 m 218 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 218 694.1 m 263 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263 694.1 m 267 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 267 694.1 m 312 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 312 694.1 m 316 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316 694.1 m 361 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361 694.1 m 370 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 694.1 m 415 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415 694.1 m 419 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 694.1 m 464 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464 694.1 m 468 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 694.1 m 513 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 694.1 m 517 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 694.1 m 562 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 267 681.1 m 312 681.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 312 681.1 m 316 681.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316 681.1 m 361 681.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 681.1 m 513 681.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 681.1 m 517 681.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 681.1 m 562 681.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 169 668.1 m 214 668.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 218 668.1 m 263 668.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 267 668.1 m 312 668.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316 668.1 m 361 668.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 668.1 m 415 668.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 668.1 m 464 668.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 668.1 m 513 668.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 668.1 m 562 668.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 616.1 m 214 616.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 616.1 m 263 616.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 616.1 m 415 616.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 616.1 m 464 616.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 530.1 m 214 530.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 530.1 m 263 530.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 530.1 m 415 530.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 530.1 m 464 530.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 496.1 m 214 496.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 484.1 m 214 484.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 169 482.1 m 214 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 496.1 m 263 496.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 484.1 m 263 484.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 482.1 m 263 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 496.1 m 415 496.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 484.1 m 415 484.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 482.1 m 415 482.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 496.1 m 464 496.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 484.1 m 464 484.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 482.1 m 464 482.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 698.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.65 698.33 Td (For) Tj ET Q q 0 0 0 rg BT 297.94 698.33 Td ( ) Tj ET Q q 0 0 0 rg BT 299.80 698.33 Td (The ) Tj ET Q q 0 0 0 rg BT 314.84 698.33 Td (Y) Tj ET Q q 0 0 0 rg BT 319.73 698.33 Td (ear) Tj ET Q q 0 0 0 rg BT 330.69 698.33 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 391.42 698.33 Td ( 31, \(US$ 000's\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 685.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 171.50 685.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 685.35 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.15 685.33 Td (Movement) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 497.15 685.33 Td (Movement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 672.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 194.50 672.33 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.50 672.33 Td (2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 289.00 672.33 Td (% ) Tj ET Q q 0 0 0 rg BT 297.52 672.33 Td (Act) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 339.05 672.33 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.50 672.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 672.33 Td (2016) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 490.00 672.33 Td (% ) Tj ET Q q 0 0 0 rg BT 498.52 672.33 Td (Act) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 540.05 672.33 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 659.33 Td (Revenue:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 646.35 Td (T) Tj ET Q q 0 0 0 rg BT 62.11 646.35 Td (elevision advertising) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 171.50 646.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.75 646.35 Td (562,450) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 646.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.75 646.35 Td (523,516) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.75 646.35 Td (7.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 646.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.15 646.35 Td (3.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.75 646.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.50 646.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.75 646.35 Td (523,516) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.50 646.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 646.35 Td (483,504) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.15 646.35 Td (8.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 646.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.15 646.35 Td (4.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 646.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 633.35 Td (Carriage fees and subscriptions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.75 633.35 Td (1) Tj ET Q q 0 0 0 rg BT 188.75 633.35 Td (13,746) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 633.35 Td (95,823) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.75 633.35 Td (18.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 633.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 337.15 633.35 Td (14.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.75 633.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.75 633.35 Td (95,823) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 633.35 Td (76,045) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.15 633.35 Td (26.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 633.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.15 633.35 Td (23.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 633.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 620.35 Td (Other revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 620.35 Td (27,710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 620.35 Td (23,529) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.75 620.35 Td (17.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 620.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 337.15 620.35 Td (13.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.75 620.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.75 620.35 Td (23,529) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 620.35 Td (23,457) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.15 620.35 Td (0.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 620.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.45 620.35 Td (\(4.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 552.15 620.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 607.33 Td (Net Revenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.75 607.33 Td (703,906) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.75 607.33 Td (642,868) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 294.75 607.33 Td (9.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 304.80 607.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 341.15 607.33 Td (5.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 353.75 607.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.75 607.33 Td (642,868) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.75 607.33 Td (583,006) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 489.15 607.33 Td (10.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 505.80 607.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 542.15 607.33 Td (6.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.80 607.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 594.33 Td (Operating expenses:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 581.35 Td (Content costs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.75 581.35 Td (309,439) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.75 581.35 Td (293,728) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.75 581.35 Td (5.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 581.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.15 581.35 Td (0.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.75 581.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.75 581.35 Td (293,728) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 581.35 Td (275,746) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.15 581.35 Td (6.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 581.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.15 581.35 Td (3.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 581.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 568.35 Td (Other operating costs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 568.35 Td (56,731) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 568.35 Td (55,924) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.75 568.35 Td (1.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 568.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.45 568.35 Td (\(3.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.15 568.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.75 568.35 Td (55,924) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 568.35 Td (60,935) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.45 568.35 Td (\(8.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.15 568.35 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.45 568.35 Td (\(1) Tj ET Q q 0 0 0 rg BT 542.11 568.35 Td (1.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 552.15 568.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 555.35 Td (Depreciation of property) Tj ET Q q 0 0 0 rg BT 136.32 555.35 Td (, plant) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 547.35 Td (and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 547.35 Td (32,933) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 547.35 Td (31,261) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.75 547.35 Td (5.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 547.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.15 547.35 Td (0.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.75 547.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.75 547.35 Td (31,261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 547.35 Td (27,529) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.15 547.35 Td (13.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 547.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.15 547.35 Td (9.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 547.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 534.35 Td (Amortization of intangibles) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 534.35 Td (9,002) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.75 534.35 Td (8,592) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.75 534.35 Td (4.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 534.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.45 534.35 Td (\(2.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.15 534.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.75 534.35 Td (8,592) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.75 534.35 Td (8,270) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.15 534.35 Td (3.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 534.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.45 534.35 Td (\(1.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 552.15 534.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 521.33 Td (Cost of r) Tj ET Q q 0 0 0 rg BT 81.13 521.33 Td (evenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.75 521.33 Td (408,105) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.75 521.33 Td (389,505) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 294.75 521.33 Td (4.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 304.80 521.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 341.15 521.33 Td (0.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 353.75 521.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.75 521.33 Td (389,505) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.75 521.33 Td (372,480) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 493.15 521.33 Td (4.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 505.80 521.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 542.15 521.33 Td (1.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.80 521.33 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 508.35 Td (Selling, general and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 500.35 Td (administrative expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.75 500.35 Td (1) Tj ET Q q 0 0 0 rg BT 188.75 500.35 Td (18,214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.75 500.35 Td (1) Tj ET Q q 0 0 0 rg BT 237.75 500.35 Td (13,449) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.75 500.35 Td (4.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.80 500.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.45 500.35 Td (\(0.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.15 500.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.75 500.35 Td (1) Tj ET Q q 0 0 0 rg BT 389.75 500.35 Td (13,449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 500.35 Td (104,778) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.15 500.35 Td (8.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 500.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.15 500.35 Td (3.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 500.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 487.33 Td (Operating ) Tj ET Q q 0 0 0 rg BT 88.61 487.33 Td (income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.50 487.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.75 487.33 Td (177,587) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.50 487.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.75 487.33 Td (139,914) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 290.75 487.33 Td (26.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 304.80 487.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 337.15 487.33 Td (25.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 353.75 487.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.50 487.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.75 487.33 Td (139,914) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.50 487.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.75 487.33 Td (105,748) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 489.15 487.33 Td (32.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 505.80 487.33 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.15 487.33 Td (27.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.80 487.33 Td (%) Tj ET Q BT /F1 8.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 468.00 Td (Revenue:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 452.40 Td (T) Tj ET Q q 0 0 0 rg BT 54.10 452.40 Td (elevision ) Tj ET Q q 0 0 0 rg BT 85.63 452.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 126.04 452.40 Td (r) Tj ET Q q 0 0 0 rg BT 129.45 452.40 Td (evenues:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 158.78 452.40 Td ( ) Tj ET Q q 0 0 0 rg BT 160.97 452.40 Td (On ) Tj ET Q q 0 0 0 rg BT 172.94 452.40 Td (a ) Tj ET Q q 0 0 0 rg BT 178.68 452.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 207.53 452.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 237.71 452.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 257.90 452.40 Td (television ) Tj ET Q q 0 0 0 rg BT 291.20 452.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 328.94 452.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 359.56 452.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 391.95 452.40 Td (by ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.15 452.40 Td (3%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.81 452.40 Td ( ) Tj ET Q q 0 0 0 rg BT 415.00 452.40 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.42 452.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.42 452.40 Td (, ) Tj ET Q q 0 0 0 rg BT 443.61 452.40 Td (in ) Tj ET Q q 0 0 0 rg BT 452.02 452.40 Td (line ) Tj ET Q q 0 0 0 rg BT 466.21 452.40 Td (with ) Tj ET Q q 0 0 0 rg BT 482.63 452.40 Td (the ) Tj ET Q q 0 0 0 rg BT 494.59 452.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 522.99 452.40 Td (in ) Tj ET Q q 0 0 0 rg BT 531.40 452.40 Td (television ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 442.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 86.80 442.80 Td (spending ) Tj ET Q q 0 0 0 rg BT 117.45 442.80 Td (in ) Tj ET Q q 0 0 0 rg BT 125.43 442.80 Td (our ) Tj ET Q q 0 0 0 rg BT 137.85 442.80 Td (markets. ) Tj ET Q q 0 0 0 rg BT 166.93 442.80 Td (On ) Tj ET Q q 0 0 0 rg BT 178.47 442.80 Td (a ) Tj ET Q q 0 0 0 rg BT 183.78 442.80 Td (constant ) Tj ET Q q 0 0 0 rg BT 212.20 442.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 241.93 442.80 Td (basis, ) Tj ET Q q 0 0 0 rg BT 261.69 442.80 Td (television ) Tj ET Q q 0 0 0 rg BT 294.55 442.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 331.86 442.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 362.05 442.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 394.01 442.80 Td (by ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.77 442.80 Td (5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.43 442.80 Td ( ) Tj ET Q q 0 0 0 rg BT 416.19 442.80 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.17 442.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.17 442.80 Td (, ) Tj ET Q q 0 0 0 rg BT 443.93 442.80 Td (while ) Tj ET Q q 0 0 0 rg BT 463.46 442.80 Td (television ) Tj ET Q q 0 0 0 rg BT 496.32 442.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 533.63 442.80 Td (spending ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 433.20 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 433.20 Td (our ) Tj ET Q q 0 0 0 rg BT 70.39 433.20 Td (markets ) Tj ET Q q 0 0 0 rg BT 97.71 433.20 Td (is ) Tj ET Q q 0 0 0 rg BT 105.05 433.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 137.70 433.20 Td (to ) Tj ET Q q 0 0 0 rg BT 145.93 433.20 Td (have ) Tj ET Q q 0 0 0 rg BT 163.03 433.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 195.23 433.20 Td (by ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.23 433.20 Td (6%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.89 433.20 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 417.60 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 82.32 417.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 97.37 417.60 Td (and ) Tj ET Q q 0 0 0 rg BT 112.43 417.60 Td (subscriptions:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 160.44 417.60 Td ( ) Tj ET Q q 0 0 0 rg BT 162.61 417.60 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 192.32 417.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 207.36 417.60 Td (and ) Tj ET Q q 0 0 0 rg BT 221.08 417.60 Td (subscription ) Tj ET Q q 0 0 0 rg BT 262.36 417.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 292.95 417.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 325.32 417.60 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.38 417.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.38 417.60 Td (, ) Tj ET Q q 0 0 0 rg BT 368.54 417.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 400.48 417.60 Td (in ) Tj ET Q q 0 0 0 rg BT 408.87 417.60 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 441.03 417.60 Td (the ) Tj ET Q q 0 0 0 rg BT 452.97 417.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 475.13 417.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 506.18 417.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.90 417.60 Td (Romania ) Tj ET Q q 0 0 0 rg BT 550.95 417.60 Td (due ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 408.00 Td (to ) Tj ET Q q 0 0 0 rg BT 57.76 408.00 Td (new ) Tj ET Q q 0 0 0 rg BT 73.13 408.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 104.05 408.00 Td (with ) Tj ET Q q 0 0 0 rg BT 120.31 408.00 Td (higher ) Tj ET Q q 0 0 0 rg BT 142.79 408.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 163.93 408.00 Td (and ) Tj ET Q q 0 0 0 rg BT 177.53 408.00 Td (increases ) Tj ET Q q 0 0 0 rg BT 208.88 408.00 Td (in ) Tj ET Q q 0 0 0 rg BT 217.15 408.00 Td (the ) Tj ET Q q 0 0 0 rg BT 228.96 408.00 Td (number ) Tj ET Q q 0 0 0 rg BT 255.44 408.00 Td (of ) Tj ET Q q 0 0 0 rg BT 264.14 408.00 Td (subscribers. ) Tj ET Q q 0 0 0 rg BT 304.18 408.00 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 333.76 408.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 348.68 408.00 Td (and ) Tj ET Q q 0 0 0 rg BT 362.27 408.00 Td (subscription ) Tj ET Q q 0 0 0 rg BT 403.42 408.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 433.89 408.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 466.13 408.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.40 408.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.40 408.00 Td (, ) Tj ET Q q 0 0 0 rg BT 494.44 408.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 526.25 408.00 Td (in ) Tj ET Q q 0 0 0 rg BT 534.51 408.00 Td (Slovenia ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 398.40 Td (and ) Tj ET Q q 0 0 0 rg BT 63.28 398.40 Td (the ) Tj ET Q q 0 0 0 rg BT 75.29 398.40 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 99.74 398.40 Td (Republic ) Tj ET Q q 0 0 0 rg BT 130.85 398.40 Td (where ) Tj ET Q q 0 0 0 rg BT 152.63 398.40 Td (our ) Tj ET Q q 0 0 0 rg BT 165.52 398.40 Td (channels ) Tj ET Q q 0 0 0 rg BT 195.74 398.40 Td (have ) Tj ET Q q 0 0 0 rg BT 213.07 398.40 Td (been ) Tj ET Q q 0 0 0 rg BT 230.40 398.40 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 269.07 398.40 Td (available ) Tj ET Q q 0 0 0 rg BT 300.17 398.40 Td (on ) Tj ET Q q 0 0 0 rg BT 310.40 398.40 Td (cable, ) Tj ET Q q 0 0 0 rg BT 331.50 398.40 Td (satellite ) Tj ET Q q 0 0 0 rg BT 358.61 398.40 Td (and ) Tj ET Q q 0 0 0 rg BT 372.39 398.40 Td (IPTV) Tj ET Q q 0 0 0 rg BT 390.03 398.40 Td ( ) Tj ET Q q 0 0 0 rg BT 392.26 398.40 Td (platforms ) Tj ET Q q 0 0 0 rg BT 425.15 398.40 Td (since ) Tj ET Q q 0 0 0 rg BT 443.82 398.40 Td (January ) Tj ET Q q 0 0 0 rg BT 470.93 398.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 489.16 398.40 Td (and ) Tj ET Q q 0 0 0 rg BT 502.94 398.40 Td (in ) Tj ET Q q 0 0 0 rg BT 511.39 398.40 Td (Romania ) Tj ET Q q 0 0 0 rg BT 542.50 398.40 Td (due ) Tj ET Q q 0 0 0 rg BT 556.29 398.40 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 388.80 Td (higher ) Tj ET Q q 0 0 0 rg BT 71.94 388.80 Td (subscriber ) Tj ET Q q 0 0 0 rg BT 106.82 388.80 Td (counts.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 373.20 Td (Other) Tj ET Q q 0 0 0 rg BT 69.79 373.20 Td ( ) Tj ET Q q 0 0 0 rg BT 72.31 373.20 Td (r) Tj ET Q q 0 0 0 rg BT 75.72 373.20 Td (evenues:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 105.05 373.20 Td ( ) Tj ET Q q 0 0 0 rg BT 107.57 373.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 128.31 373.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 159.26 373.20 Td (include ) Tj ET Q q 0 0 0 rg BT 185.33 373.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 217.62 373.20 Td (internet ) Tj ET Q q 0 0 0 rg BT 244.57 373.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 282.64 373.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 313.59 373.20 Td (and ) Tj ET Q q 0 0 0 rg BT 327.66 373.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 358.62 373.20 Td (generated ) Tj ET Q q 0 0 0 rg BT 392.23 373.20 Td (through ) Tj ET Q q 0 0 0 rg BT 419.63 373.20 Td (the ) Tj ET Q q 0 0 0 rg BT 431.93 373.20 Td (licensing ) Tj ET Q q 0 0 0 rg BT 463.33 373.20 Td (of ) Tj ET Q q 0 0 0 rg BT 472.52 373.20 Td (our ) Tj ET Q q 0 0 0 rg BT 485.71 373.20 Td (own ) Tj ET Q q 0 0 0 rg BT 502.00 373.20 Td (productions. ) Tj ET Q q 0 0 0 rg BT 544.30 373.20 Td (Other ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 363.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 79.46 363.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 111.19 363.60 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 133.60 363.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 149.60 363.60 Td ( ) Tj ET Q q 0 0 0 rg BT 151.13 363.60 Td (due ) Tj ET Q q 0 0 0 rg BT 164.20 363.60 Td (to ) Tj ET Q q 0 0 0 rg BT 171.95 363.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 193.92 363.60 Td (online ) Tj ET Q q 0 0 0 rg BT 215.44 363.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 245.39 363.60 Td (in ) Tj ET Q q 0 0 0 rg BT 253.14 363.60 Td (the ) Tj ET Q q 0 0 0 rg BT 264.44 363.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 285.96 363.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 316.37 363.60 Td (and ) Tj ET Q q 0 0 0 rg BT 329.44 363.60 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 361.85 363.60 Td (partly ) Tj ET Q q 0 0 0 rg BT 382.04 363.60 Td (of) Tj ET Q q 0 0 0 rg BT 388.56 363.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 401.64 363.60 Td (by ) Tj ET Q q 0 0 0 rg BT 411.16 363.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 430.90 363.60 Td (production ) Tj ET Q q 0 0 0 rg BT 467.09 363.60 Td (services ) Tj ET Q q 0 0 0 rg BT 494.38 363.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 521.22 363.60 Td (in ) Tj ET Q q 0 0 0 rg BT 528.97 363.60 Td (the ) Tj ET Q q 0 0 0 rg BT 540.27 363.60 Td (Slovak ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 354.00 Td (Republic. ) Tj ET Q q 0 0 0 rg BT 82.32 354.00 Td (On ) Tj ET Q q 0 0 0 rg BT 94.04 354.00 Td (a ) Tj ET Q q 0 0 0 rg BT 99.52 354.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 128.12 354.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 158.04 354.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 177.98 354.00 Td (other ) Tj ET Q q 0 0 0 rg BT 196.35 354.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 226.72 354.00 Td (decreased ) Tj ET Q q 0 0 0 rg BT 260.19 354.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.35 354.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.35 354.00 Td ( ) Tj ET Q q 0 0 0 rg BT 286.29 354.00 Td (due ) Tj ET Q q 0 0 0 rg BT 299.77 354.00 Td (to ) Tj ET Q q 0 0 0 rg BT 307.93 354.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 328.09 354.00 Td (internet ) Tj ET Q q 0 0 0 rg BT 354.46 354.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 384.82 354.00 Td (in ) Tj ET Q q 0 0 0 rg BT 392.98 354.00 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 422.47 354.00 Td (and ) Tj ET Q q 0 0 0 rg BT 435.96 354.00 Td (Romania ) Tj ET Q q 0 0 0 rg BT 466.78 354.00 Td (and ) Tj ET Q q 0 0 0 rg BT 480.27 354.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 500.42 354.00 Td (radio ) Tj ET Q q 0 0 0 rg BT 518.79 354.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 556.28 354.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 344.40 Td (Bulgaria.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 328.80 Td (See ) Tj ET Q q 0 0 0 rg BT 63.05 328.80 Td ("Segment ) Tj ET Q q 0 0 0 rg BT 96.31 328.80 Td (Performance" ) Tj ET Q q 0 0 0 rg BT 142.45 328.80 Td (above ) Tj ET Q q 0 0 0 rg BT 163.55 328.80 Td (for ) Tj ET Q q 0 0 0 rg BT 174.88 328.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 208.87 328.80 Td (information ) Tj ET Q q 0 0 0 rg BT 248.64 328.80 Td (on ) Tj ET Q q 0 0 0 rg BT 258.64 328.80 Td (trends ) Tj ET Q q 0 0 0 rg BT 280.19 328.80 Td (in ) Tj ET Q q 0 0 0 rg BT 288.41 328.80 Td (revenues.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 313.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 86.61 313.20 Td (Expenses:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 297.60 Td (Content ) Tj ET Q q 0 0 0 rg BT 78.97 297.60 Td (costs:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 98.08 297.60 Td (Content ) Tj ET Q q 0 0 0 rg BT 127.33 297.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 145.25 297.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 180.05 297.60 Td (production ) Tj ET Q q 0 0 0 rg BT 216.63 297.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 234.54 297.60 Td (and ) Tj ET Q q 0 0 0 rg BT 248.01 297.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 290.36 297.60 Td (of ) Tj ET Q q 0 0 0 rg BT 298.94 297.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 344.41 297.60 Td (rights\) ) Tj ET Q q 0 0 0 rg BT 367.21 297.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 399.33 297.60 Td (slightly ) Tj ET Q q 0 0 0 rg BT 425.25 297.60 Td (at ) Tj ET Q q 0 0 0 rg BT 432.95 297.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 461.52 297.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 478.54 297.60 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.35 297.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.35 297.60 Td ( ) Tj ET Q q 0 0 0 rg BT 519.27 297.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 550.95 297.60 Td (due ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 288.00 Td (to ) Tj ET Q q 0 0 0 rg BT 57.87 288.00 Td (the ) Tj ET Q q 0 0 0 rg BT 69.80 288.00 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 101.28 288.00 Td (of ) Tj ET Q q 0 0 0 rg BT 110.10 288.00 Td (more ) Tj ET Q q 0 0 0 rg BT 128.69 288.00 Td (hours ) Tj ET Q q 0 0 0 rg BT 148.62 288.00 Td (of ) Tj ET Q q 0 0 0 rg BT 157.43 288.00 Td (local ) Tj ET Q q 0 0 0 rg BT 175.13 288.00 Td (fiction ) Tj ET Q q 0 0 0 rg BT 198.16 288.00 Td (in ) Tj ET Q q 0 0 0 rg BT 206.54 288.00 Td (our ) Tj ET Q q 0 0 0 rg BT 219.35 288.00 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 252.16 288.00 Td (schedules. ) Tj ET Q q 0 0 0 rg BT 287.41 288.00 Td (Content ) Tj ET Q q 0 0 0 rg BT 314.89 288.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 333.04 288.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 365.40 288.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.77 288.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.77 288.00 Td ( ) Tj ET Q q 0 0 0 rg BT 391.92 288.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 423.84 288.00 Td (due ) Tj ET Q q 0 0 0 rg BT 437.55 288.00 Td (to ) Tj ET Q q 0 0 0 rg BT 445.92 288.00 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 477.40 288.00 Td (in ) Tj ET Q q 0 0 0 rg BT 485.78 288.00 Td (our ) Tj ET Q q 0 0 0 rg BT 498.59 288.00 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 531.40 288.00 Td (schedules ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 278.40 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 278.40 Td (both ) Tj ET Q q 0 0 0 rg BT 74.39 278.40 Td (more ) Tj ET Q q 0 0 0 rg BT 92.82 278.40 Td (hours ) Tj ET Q q 0 0 0 rg BT 112.60 278.40 Td (of ) Tj ET Q q 0 0 0 rg BT 121.27 278.40 Td (local ) Tj ET Q q 0 0 0 rg BT 138.81 278.40 Td (productions ) Tj ET Q q 0 0 0 rg BT 178.59 278.40 Td (and ) Tj ET Q q 0 0 0 rg BT 192.14 278.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 214.57 278.40 Td (quality ) Tj ET Q q 0 0 0 rg BT 238.79 278.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 268.33 278.40 Td (programming.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 262.80 Td (Other) Tj ET Q q 0 0 0 rg BT 69.79 262.80 Td ( ) Tj ET Q q 0 0 0 rg BT 71.67 262.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 106.42 262.80 Td (costs:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 125.53 262.80 Td (On ) Tj ET Q q 0 0 0 rg BT 139.18 262.80 Td (a ) Tj ET Q q 0 0 0 rg BT 144.60 262.80 Td (constant ) Tj ET Q q 0 0 0 rg BT 173.13 262.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 202.99 262.80 Td (basis, ) Tj ET Q q 0 0 0 rg BT 222.86 262.80 Td (other ) Tj ET Q q 0 0 0 rg BT 241.17 262.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 273.25 262.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 291.12 262.80 Td (decreased ) Tj ET Q q 0 0 0 rg BT 324.53 262.80 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.29 262.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.29 262.80 Td ( ) Tj ET Q q 0 0 0 rg BT 365.16 262.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 396.80 262.80 Td (due ) Tj ET Q q 0 0 0 rg BT 410.22 262.80 Td (to ) Tj ET Q q 0 0 0 rg BT 418.32 262.80 Td (payroll ) Tj ET Q q 0 0 0 rg BT 442.85 262.80 Td (and ) Tj ET Q q 0 0 0 rg BT 456.27 262.80 Td (related ) Tj ET Q q 0 0 0 rg BT 479.91 262.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 494.66 262.80 Td (savings ) Tj ET Q q 0 0 0 rg BT 520.54 262.80 Td (in ) Tj ET Q q 0 0 0 rg BT 528.63 262.80 Td (the ) Tj ET Q q 0 0 0 rg BT 540.28 262.80 Td (Slovak ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 253.20 Td (Republic ) Tj ET Q q 0 0 0 rg BT 79.95 253.20 Td (and ) Tj ET Q q 0 0 0 rg BT 93.07 253.20 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 122.18 253.20 Td (and ) Tj ET Q q 0 0 0 rg BT 135.30 253.20 Td (reductions ) Tj ET Q q 0 0 0 rg BT 170.19 253.20 Td (in ) Tj ET Q q 0 0 0 rg BT 177.98 253.20 Td (transmission ) Tj ET Q q 0 0 0 rg BT 219.99 253.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 237.55 253.20 Td (in ) Tj ET Q q 0 0 0 rg BT 245.34 253.20 Td (the ) Tj ET Q q 0 0 0 rg BT 256.68 253.20 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 280.47 253.20 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 312.92 253.20 Td (which ) Tj ET Q q 0 0 0 rg BT 334.04 253.20 Td (were ) Tj ET Q q 0 0 0 rg BT 351.15 253.20 Td (partly ) Tj ET Q q 0 0 0 rg BT 371.38 253.20 Td (of) Tj ET Q q 0 0 0 rg BT 377.89 253.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 391.01 253.20 Td (by ) Tj ET Q q 0 0 0 rg BT 400.58 253.20 Td (higher ) Tj ET Q q 0 0 0 rg BT 422.58 253.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 451.26 253.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 466.60 253.20 Td (for ) Tj ET Q q 0 0 0 rg BT 477.49 253.20 Td (author's ) Tj ET Q q 0 0 0 rg BT 504.05 253.20 Td (rights ) Tj ET Q q 0 0 0 rg BT 523.84 253.20 Td (in ) Tj ET Q q 0 0 0 rg BT 531.63 253.20 Td (Romania. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 243.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 69.24 243.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 100.97 243.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 118.49 243.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 151.54 243.60 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 173.95 243.60 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.95 243.60 Td ( ) Tj ET Q q 0 0 0 rg BT 191.47 243.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 222.76 243.60 Td (due ) Tj ET Q q 0 0 0 rg BT 235.84 243.60 Td (to ) Tj ET Q q 0 0 0 rg BT 243.58 243.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 257.99 243.60 Td (savings ) Tj ET Q q 0 0 0 rg BT 283.51 243.60 Td (in ) Tj ET Q q 0 0 0 rg BT 291.25 243.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.55 243.60 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 326.29 243.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 356.70 243.60 Td (following ) Tj ET Q q 0 0 0 rg BT 389.33 243.60 Td (our ) Tj ET Q q 0 0 0 rg BT 401.51 243.60 Td (decision ) Tj ET Q q 0 0 0 rg BT 429.70 243.60 Td (not ) Tj ET Q q 0 0 0 rg BT 441.44 243.60 Td (to ) Tj ET Q q 0 0 0 rg BT 449.18 243.60 Td (renew ) Tj ET Q q 0 0 0 rg BT 470.25 243.60 Td (our ) Tj ET Q q 0 0 0 rg BT 482.43 243.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 509.72 243.60 Td (for ) Tj ET Q q 0 0 0 rg BT 520.57 243.60 Td (the ) Tj ET Q q 0 0 0 rg BT 531.86 243.60 Td (terrestrial ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 234.00 Td (distribution ) Tj ET Q q 0 0 0 rg BT 88.39 234.00 Td (of ) Tj ET Q q 0 0 0 rg BT 97.05 234.00 Td (our ) Tj ET Q q 0 0 0 rg BT 109.72 234.00 Td (channels ) Tj ET Q q 0 0 0 rg BT 139.71 234.00 Td (there.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 218.40 Td (Depr) Tj ET Q q 0 0 0 rg BT 66.68 218.40 Td (eciation ) Tj ET Q q 0 0 0 rg BT 95.72 218.40 Td (of ) Tj ET Q q 0 0 0 rg BT 104.76 218.40 Td (pr) Tj ET Q q 0 0 0 rg BT 112.61 218.40 Td (operty) Tj ET Q q 0 0 0 rg BT 134.38 218.40 Td (, ) Tj ET Q q 0 0 0 rg BT 138.76 218.40 Td (plant ) Tj ET Q q 0 0 0 rg BT 158.92 218.40 Td (and ) Tj ET Q q 0 0 0 rg BT 174.19 218.40 Td (equipment:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.30 218.40 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 258.99 218.40 Td (of ) Tj ET Q q 0 0 0 rg BT 268.03 218.40 Td (property) Tj ET Q q 0 0 0 rg BT 294.61 218.40 Td (, ) Tj ET Q q 0 0 0 rg BT 298.98 218.40 Td (plant ) Tj ET Q q 0 0 0 rg BT 317.35 218.40 Td (and ) Tj ET Q q 0 0 0 rg BT 331.28 218.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 367.42 218.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 400.00 218.40 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 218.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.60 218.40 Td ( ) Tj ET Q q 0 0 0 rg BT 426.97 218.40 Td (and ) Tj ET Q q 0 0 0 rg BT 440.90 218.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 459.27 218.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 491.41 218.40 Td (due ) Tj ET Q q 0 0 0 rg BT 505.34 218.40 Td (to ) Tj ET Q q 0 0 0 rg BT 513.93 218.40 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 555.84 218.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 208.80 Td (machinery ) Tj ET Q q 0 0 0 rg BT 85.26 208.80 Td (and ) Tj ET Q q 0 0 0 rg BT 98.81 208.80 Td (equipment ) Tj ET Q q 0 0 0 rg BT 134.58 208.80 Td (placed ) Tj ET Q q 0 0 0 rg BT 157.46 208.80 Td (in ) Tj ET Q q 0 0 0 rg BT 165.68 208.80 Td (service ) Tj ET Q q 0 0 0 rg BT 190.33 208.80 Td (during ) Tj ET Q q 0 0 0 rg BT 213.22 208.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 231.22 208.80 Td (and ) Tj ET Q q 0 0 0 rg BT 244.77 208.80 Td (2016.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 193.20 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 97.09 193.20 Td (of ) Tj ET Q q 0 0 0 rg BT 105.57 193.20 Td (intangibles:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 145.58 193.20 Td ( ) Tj ET Q q 0 0 0 rg BT 147.40 193.20 Td (On ) Tj ET Q q 0 0 0 rg BT 159.00 193.20 Td (a ) Tj ET Q q 0 0 0 rg BT 164.37 193.20 Td (constant ) Tj ET Q q 0 0 0 rg BT 192.85 193.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 222.66 193.20 Td (basis, ) Tj ET Q q 0 0 0 rg BT 242.48 193.20 Td (total ) Tj ET Q q 0 0 0 rg BT 258.52 193.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 300.77 193.20 Td (of ) Tj ET Q q 0 0 0 rg BT 309.25 193.20 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 341.73 193.20 Td (licenses ) Tj ET Q q 0 0 0 rg BT 368.87 193.20 Td (and ) Tj ET Q q 0 0 0 rg BT 382.24 193.20 Td (other ) Tj ET Q q 0 0 0 rg BT 400.50 193.20 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 437.43 193.20 Td (decreased ) Tj ET Q q 0 0 0 rg BT 470.78 193.20 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.49 193.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.49 193.20 Td ( ) Tj ET Q q 0 0 0 rg BT 511.31 193.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 542.90 193.20 Td (due ) Tj ET Q q 0 0 0 rg BT 556.27 193.20 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 183.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 73.59 183.60 Td (of ) Tj ET Q q 0 0 0 rg BT 82.59 183.60 Td (our ) Tj ET Q q 0 0 0 rg BT 95.58 183.60 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 133.45 183.60 Td (in ) Tj ET Q q 0 0 0 rg BT 142.00 183.60 Td (the ) Tj ET Q q 0 0 0 rg BT 154.11 183.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 176.42 183.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 207.64 183.60 Td (and ) Tj ET Q q 0 0 0 rg BT 221.52 183.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 253.17 183.60 Td (relationships ) Tj ET Q q 0 0 0 rg BT 296.38 183.60 Td (in ) Tj ET Q q 0 0 0 rg BT 304.94 183.60 Td (Romania ) Tj ET Q q 0 0 0 rg BT 336.15 183.60 Td (becoming ) Tj ET Q q 0 0 0 rg BT 370.03 183.60 Td (fully ) Tj ET Q q 0 0 0 rg BT 387.47 183.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 421.78 183.60 Td (in ) Tj ET Q q 0 0 0 rg BT 430.33 183.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 450.66 183.60 Td (On ) Tj ET Q q 0 0 0 rg BT 462.77 183.60 Td (a ) Tj ET Q q 0 0 0 rg BT 468.65 183.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 497.64 183.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 527.95 183.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 548.28 183.60 Td (total ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 174.00 Td (amortization ) Tj ET Q q 0 0 0 rg BT 91.83 174.00 Td (of ) Tj ET Q q 0 0 0 rg BT 100.39 174.00 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 132.94 174.00 Td (licenses ) Tj ET Q q 0 0 0 rg BT 160.16 174.00 Td (and ) Tj ET Q q 0 0 0 rg BT 173.60 174.00 Td (other ) Tj ET Q q 0 0 0 rg BT 191.94 174.00 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 228.94 174.00 Td (decreased ) Tj ET Q q 0 0 0 rg BT 262.37 174.00 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.15 174.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.15 174.00 Td ( ) Tj ET Q q 0 0 0 rg BT 303.05 174.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 334.71 174.00 Td (due ) Tj ET Q q 0 0 0 rg BT 348.16 174.00 Td (to ) Tj ET Q q 0 0 0 rg BT 356.28 174.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 379.94 174.00 Td (of ) Tj ET Q q 0 0 0 rg BT 388.50 174.00 Td (our ) Tj ET Q q 0 0 0 rg BT 401.06 174.00 Td (customer ) Tj ET Q q 0 0 0 rg BT 432.28 174.00 Td (relationships ) Tj ET Q q 0 0 0 rg BT 475.06 174.00 Td (in ) Tj ET Q q 0 0 0 rg BT 483.18 174.00 Td (Romania ) Tj ET Q q 0 0 0 rg BT 513.96 174.00 Td (becoming ) Tj ET Q q 0 0 0 rg BT 547.40 174.00 Td (fully ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 164.40 Td (amortized ) Tj ET Q q 0 0 0 rg BT 83.48 164.40 Td (in ) Tj ET Q q 0 0 0 rg BT 91.71 164.40 Td (2016, ) Tj ET Q q 0 0 0 rg BT 111.71 164.40 Td (partly ) Tj ET Q q 0 0 0 rg BT 132.37 164.40 Td (of) Tj ET Q q 0 0 0 rg BT 138.89 164.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 152.44 164.40 Td (by ) Tj ET Q q 0 0 0 rg BT 162.44 164.40 Td (an ) Tj ET Q q 0 0 0 rg BT 171.99 164.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 200.19 164.40 Td (in ) Tj ET Q q 0 0 0 rg BT 208.41 164.40 Td (amortization ) Tj ET Q q 0 0 0 rg BT 250.84 164.40 Td (of ) Tj ET Q q 0 0 0 rg BT 259.51 164.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 283.27 164.40 Td (of ) Tj ET Q q 0 0 0 rg BT 291.93 164.40 Td (our ) Tj ET Q q 0 0 0 rg BT 304.60 164.40 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 342.14 164.40 Td (in ) Tj ET Q q 0 0 0 rg BT 350.36 164.40 Td (the ) Tj ET Q q 0 0 0 rg BT 362.13 164.40 Td (Czech ) Tj ET Q q 0 0 0 rg BT 384.12 164.40 Td (Republic.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 148.80 Td (Selling, ) Tj ET Q q 0 0 0 rg BT 76.00 148.80 Td (general ) Tj ET Q q 0 0 0 rg BT 102.70 148.80 Td (and ) Tj ET Q q 0 0 0 rg BT 116.98 148.80 Td (administrative ) Tj ET Q q 0 0 0 rg BT 168.13 148.80 Td (expenses: ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.95 148.80 Td (On ) Tj ET Q q 0 0 0 rg BT 213.11 148.80 Td (a ) Tj ET Q q 0 0 0 rg BT 218.04 148.80 Td (constant ) Tj ET Q q 0 0 0 rg BT 246.08 148.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 275.44 148.80 Td (basis, ) Tj ET Q q 0 0 0 rg BT 294.82 148.80 Td (selling, ) Tj ET Q q 0 0 0 rg BT 319.53 148.80 Td (general ) Tj ET Q q 0 0 0 rg BT 344.45 148.80 Td (and ) Tj ET Q q 0 0 0 rg BT 357.38 148.80 Td (administrative ) Tj ET Q q 0 0 0 rg BT 404.53 148.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 434.79 148.80 Td (decreased ) Tj ET Q q 0 0 0 rg BT 467.70 148.80 Td (slightly ) Tj ET Q q 0 0 0 rg BT 493.08 148.80 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.35 148.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.35 148.80 Td ( ) Tj ET Q q 0 0 0 rg BT 532.73 148.80 Td (primarily ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 139.20 Td (due ) Tj ET Q q 0 0 0 rg BT 63.48 139.20 Td (to ) Tj ET Q q 0 0 0 rg BT 72.12 139.20 Td (lower ) Tj ET Q q 0 0 0 rg BT 92.76 139.20 Td (bad ) Tj ET Q q 0 0 0 rg BT 106.74 139.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 122.94 139.20 Td (char) Tj ET Q q 0 0 0 rg BT 136.56 139.20 Td (ges ) Tj ET Q q 0 0 0 rg BT 149.65 139.20 Td (in ) Tj ET Q q 0 0 0 rg BT 158.29 139.20 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 188.27 139.20 Td (and ) Tj ET Q q 0 0 0 rg BT 202.24 139.20 Td (the ) Tj ET Q q 0 0 0 rg BT 214.44 139.20 Td (revision ) Tj ET Q q 0 0 0 rg BT 242.64 139.20 Td (of ) Tj ET Q q 0 0 0 rg BT 251.73 139.20 Td (a ) Tj ET Q q 0 0 0 rg BT 257.70 139.20 Td (legal ) Tj ET Q q 0 0 0 rg BT 275.67 139.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 308.32 139.20 Td (in ) Tj ET Q q 0 0 0 rg BT 316.97 139.20 Td (Romania ) Tj ET Q q 0 0 0 rg BT 348.28 139.20 Td (due ) Tj ET Q q 0 0 0 rg BT 362.25 139.20 Td (to ) Tj ET Q q 0 0 0 rg BT 370.90 139.20 Td (a ) Tj ET Q q 0 0 0 rg BT 376.88 139.20 Td (change ) Tj ET Q q 0 0 0 rg BT 401.95 139.20 Td (in ) Tj ET Q q 0 0 0 rg BT 410.60 139.20 Td (our ) Tj ET Q q 0 0 0 rg BT 423.69 139.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 456.77 139.20 Td (exposure, ) Tj ET Q q 0 0 0 rg BT 490.07 139.20 Td (partly ) Tj ET Q q 0 0 0 rg BT 511.16 139.20 Td (of) Tj ET Q q 0 0 0 rg BT 517.68 139.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 531.65 139.20 Td (by ) Tj ET Q q 0 0 0 rg BT 542.08 139.20 Td (higher ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 129.60 Td (char) Tj ET Q q 0 0 0 rg BT 63.12 129.60 Td (ges ) Tj ET Q q 0 0 0 rg BT 75.79 129.60 Td (in ) Tj ET Q q 0 0 0 rg BT 84.01 129.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 108.66 129.60 Td (of ) Tj ET Q q 0 0 0 rg BT 117.32 129.60 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 148.20 129.60 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 187.97 129.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 234.40 129.60 Td (and ) Tj ET Q q 0 0 0 rg BT 247.95 129.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 270.39 129.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 287.94 129.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 302.82 129.60 Td (in ) Tj ET Q q 0 0 0 rg BT 311.04 129.60 Td (the ) Tj ET Q q 0 0 0 rg BT 322.81 129.60 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 347.04 129.60 Td (Republic.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 114.00 Td (Selling, ) Tj ET Q q 0 0 0 rg BT 76.17 114.00 Td (general ) Tj ET Q q 0 0 0 rg BT 101.72 114.00 Td (and ) Tj ET Q q 0 0 0 rg BT 115.28 114.00 Td (administrative ) Tj ET Q q 0 0 0 rg BT 163.05 114.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 193.94 114.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 226.15 114.00 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.04 114.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.04 114.00 Td ( ) Tj ET Q q 0 0 0 rg BT 267.05 114.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 298.82 114.00 Td (due ) Tj ET Q q 0 0 0 rg BT 312.38 114.00 Td (to ) Tj ET Q q 0 0 0 rg BT 320.61 114.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 352.82 114.00 Td (levels ) Tj ET Q q 0 0 0 rg BT 373.49 114.00 Td (of ) Tj ET Q q 0 0 0 rg BT 382.16 114.00 Td (staf) Tj ET Q q 0 0 0 rg BT 393.56 114.00 Td (f, ) Tj ET Q q 0 0 0 rg BT 400.24 114.00 Td (particularly ) Tj ET Q q 0 0 0 rg BT 439.11 114.00 Td (in ) Tj ET Q q 0 0 0 rg BT 447.34 114.00 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 480.23 114.00 Td (partly ) Tj ET Q q 0 0 0 rg BT 500.90 114.00 Td (of) Tj ET Q q 0 0 0 rg BT 507.42 114.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 520.98 114.00 Td (by ) Tj ET Q q 0 0 0 rg BT 530.98 114.00 Td (decreased ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 104.40 Td (bad ) Tj ET Q q 0 0 0 rg BT 63.05 104.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 78.82 104.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 106.59 104.40 Td (in ) Tj ET Q q 0 0 0 rg BT 114.81 104.40 Td (Bulgaria.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 88.80 Td (Non-cash ) Tj ET Q q 0 0 0 rg BT 81.95 88.80 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 121.51 88.80 Td (compensation ) Tj ET Q q 0 0 0 rg BT 167.74 88.80 Td (char) Tj ET Q q 0 0 0 rg BT 181.36 88.80 Td (ges ) Tj ET Q q 0 0 0 rg BT 193.82 88.80 Td (for ) Tj ET Q q 0 0 0 rg BT 204.94 88.80 Td (the ) Tj ET Q q 0 0 0 rg BT 216.51 88.80 Td (years ) Tj ET Q q 0 0 0 rg BT 235.18 88.80 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.07 88.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 302.74 88.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.74 88.80 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.53 88.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.53 88.80 Td ( ) Tj ET Q q 0 0 0 rg BT 340.32 88.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.67 88.80 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.67 88.80 Td ( ) Tj ET Q q 0 0 0 rg BT 371.46 88.80 Td (were ) Tj ET Q q 0 0 0 rg BT 388.80 88.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.82 88.80 Td (7.1 ) Tj ET Q q 0 0 0 rg BT 416.61 88.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.73 88.80 Td (, ) Tj ET Q q 0 0 0 rg BT 443.52 88.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.54 88.80 Td (4.4 ) Tj ET Q q 0 0 0 rg BT 471.33 88.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.45 88.80 Td ( ) Tj ET Q q 0 0 0 rg BT 496.24 88.80 Td (and ) Tj ET Q q 0 0 0 rg BT 509.59 88.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.61 88.80 Td (3.5 ) Tj ET Q q 0 0 0 rg BT 537.40 88.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 560.51 88.80 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 79.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 87.63 79.20 Td (. ) Tj ET Q q 0 0 0 rg BT 90.98 79.20 Td (The ) Tj ET Q q 0 0 0 rg BT 104.88 79.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 132.54 79.20 Td (in ) Tj ET Q q 0 0 0 rg BT 140.21 79.20 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 170.55 79.20 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 209.77 79.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 255.66 79.20 Td (char) Tj ET Q q 0 0 0 rg BT 269.29 79.20 Td (ges ) Tj ET Q q 0 0 0 rg BT 281.41 79.20 Td (during ) Tj ET Q q 0 0 0 rg BT 303.75 79.20 Td (2018 ) Tj ET Q q 0 0 0 rg BT 321.21 79.20 Td (is ) Tj ET Q q 0 0 0 rg BT 328.00 79.20 Td (mainly ) Tj ET Q q 0 0 0 rg BT 351.68 79.20 Td (due ) Tj ET Q q 0 0 0 rg BT 364.68 79.20 Td (to ) Tj ET Q q 0 0 0 rg BT 372.36 79.20 Td (an ) Tj ET Q q 0 0 0 rg BT 381.37 79.20 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 418.79 79.20 Td (vesting ) Tj ET Q q 0 0 0 rg BT 443.36 79.20 Td (of ) Tj ET Q q 0 0 0 rg BT 451.48 79.20 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 471.61 79.20 Td (with ) Tj ET Q q 0 0 0 rg BT 487.29 79.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 529.17 79.20 Td (conditions ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 69.60 Td (on ) Tj ET Q q 0 0 0 rg BT 59.50 69.60 Td (July ) Tj ET Q q 0 0 0 rg BT 74.83 69.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 86.83 69.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 104.82 69.60 Td (in ) Tj ET Q q 0 0 0 rg BT 113.04 69.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 151.01 69.60 Td (with ) Tj ET Q q 0 0 0 rg BT 167.23 69.60 Td (the ) Tj ET Q q 0 0 0 rg BT 179.00 69.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 198.77 69.60 Td (of ) Tj ET Q q 0 0 0 rg BT 207.43 69.60 Td (the ) Tj ET Q q 0 0 0 rg BT 219.20 69.60 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 266.96 69.60 Td (award ) Tj ET Q q 0 0 0 rg BT 288.50 69.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 323.81 69.60 Td (following ) Tj ET Q q 0 0 0 rg BT 356.92 69.60 Td (the ) Tj ET Q q 0 0 0 rg BT 368.69 69.60 Td (completion ) Tj ET Q q 0 0 0 rg BT 406.68 69.60 Td (of ) Tj ET Q q 0 0 0 rg BT 415.34 69.60 Td (the ) Tj ET Q q 0 0 0 rg BT 427.11 69.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 441.55 69.60 Td (of ) Tj ET Q q 0 0 0 rg BT 450.21 69.60 Td (the ) Tj ET Q q 0 0 0 rg BT 461.98 69.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 499.64 69.60 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 529.18 69.60 Td (operations ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 60.00 Td (on ) Tj ET Q q 0 0 0 rg BT 59.50 60.00 Td (such ) Tj ET Q q 0 0 0 rg BT 76.16 60.00 Td (date. ) Tj ET Q q 0 0 0 rg BT 93.49 60.00 Td (See ) Tj ET Q q 0 0 0 rg BT 107.04 60.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 123.70 60.00 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 131.70 60.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 149.25 60.00 Td (17, ) Tj ET Q q 0 0 0 rg BT 161.25 60.00 Td ("Stock-based ) Tj ET Q q 0 0 0 rg BT 205.62 60.00 Td (Compensation") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.10 60.00 Td (.) Tj ET Q endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (27) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 86.17 723.60 Td (income:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.27 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 114.83 723.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 148.38 723.60 Td (income ) Tj ET Q q 0 0 0 rg BT 173.48 723.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 205.25 723.60 Td (from ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.36 723.60 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.36 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 239.92 723.60 Td (through ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.36 723.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.36 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 283.92 723.60 Td (because ) Tj ET Q q 0 0 0 rg BT 310.80 723.60 Td (we ) Tj ET Q q 0 0 0 rg BT 321.69 723.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 353.45 723.60 Td (television ) Tj ET Q q 0 0 0 rg BT 386.11 723.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 423.22 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.33 723.60 Td (carriage ) Tj ET Q q 0 0 0 rg BT 463.64 723.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 474.97 723.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 504.96 723.60 Td (while ) Tj ET Q q 0 0 0 rg BT 524.29 723.60 Td (maintaining ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 714.00 Td (ef) Tj ET Q q 0 0 0 rg BT 55.57 714.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 79.18 714.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 93.91 714.00 Td (control ) Tj ET Q q 0 0 0 rg BT 118.41 714.00 Td (ef) Tj ET Q q 0 0 0 rg BT 124.48 714.00 Td (forts. ) Tj ET Q q 0 0 0 rg BT 142.99 714.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 157.27 714.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 189.33 714.00 Td (mar) Tj ET Q q 0 0 0 rg BT 201.62 714.00 Td (gin, ) Tj ET Q q 0 0 0 rg BT 215.69 714.00 Td (which ) Tj ET Q q 0 0 0 rg BT 237.08 714.00 Td (is ) Tj ET Q q 0 0 0 rg BT 244.26 714.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 282.09 714.00 Td (as ) Tj ET Q q 0 0 0 rg BT 290.60 714.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 322.65 714.00 Td (income ) Tj ET Q q 0 0 0 rg BT 348.04 714.00 Td (divided ) Tj ET Q q 0 0 0 rg BT 373.88 714.00 Td (by ) Tj ET Q q 0 0 0 rg BT 383.73 714.00 Td (net ) Tj ET Q q 0 0 0 rg BT 395.34 714.00 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 427.62 714.00 Td (was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.90 714.00 Td (25.2%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.57 714.00 Td ( ) Tj ET Q q 0 0 0 rg BT 464.41 714.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.48 714.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.48 714.00 Td (, ) Tj ET Q q 0 0 0 rg BT 492.32 714.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 525.70 714.00 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.77 714.00 Td (21.8%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.43 714.00 Td ( ) Tj ET Q q 0 0 0 rg BT 556.28 714.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 704.40 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.50 704.40 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 704.40 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.05 704.40 Td (18.1%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.71 704.40 Td ( ) Tj ET Q q 0 0 0 rg BT 103.71 704.40 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 111.94 704.40 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.94 704.40 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 688.80 Td (Other) Tj ET Q q 0 0 0 rg BT 69.79 688.80 Td ( ) Tj ET Q q 0 0 0 rg BT 71.79 688.80 Td (income ) Tj ET Q q 0 0 0 rg BT 98.23 688.80 Td (/ ) Tj ET Q q 0 0 0 rg BT 102.45 688.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 131.12 688.80 Td (items ) Tj ET Q q 0 0 0 rg BT 151.33 688.80 Td (for) Tj ET Q q 0 0 0 rg BT 161.40 688.80 Td ( ) Tj ET Q q 0 0 0 rg BT 163.40 688.80 Td (the ) Tj ET Q q 0 0 0 rg BT 176.07 688.80 Td (years ) Tj ET Q q 0 0 0 rg BT 196.28 688.80 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.73 688.80 Td (December) Tj ET Q q 0 0 0 rg BT 253.23 688.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 267.23 688.80 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.23 688.80 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.23 688.80 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.23 688.80 Td ( ) Tj ET Q q 0 0 0 rg BT 305.23 688.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.13 688.80 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.13 688.80 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 646.30 223.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 646.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 646.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 646.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 646.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 646.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 646.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 646.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 646.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 646.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 646.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 646.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 620.30 223.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 620.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 620.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 620.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 620.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 620.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 620.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 620.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 620.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 620.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 620.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 620.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 594.30 223.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 594.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 594.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 594.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 594.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 594.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 594.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 594.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 594.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 594.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 594.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 594.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 568.30 223.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 568.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 568.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 568.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 568.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 568.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 568.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 568.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 568.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 568.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 568.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 568.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 542.30 223.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 542.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 542.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 542.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 542.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 542.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 542.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 542.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 542.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 542.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 542.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.00 542.30 45.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 273 659.3 m 318 659.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 318 659.3 m 322 659.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 322 659.3 m 367 659.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367 659.3 m 371 659.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 371 659.3 m 416 659.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 416 659.3 m 420 659.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 659.3 m 465 659.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465 659.3 m 469 659.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 659.3 m 514 659.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 514 659.3 m 518 659.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 659.3 m 563 659.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 273 646.3 m 318 646.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 322 646.3 m 367 646.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 371 646.3 m 416 646.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 659.3 m 465 659.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 646.3 m 465 646.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 659.3 m 514 659.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469 646.3 m 514 646.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 659.3 m 563 659.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518 646.3 m 563 646.3 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 663.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.15 663.53 Td (For) Tj ET Q q 0 0 0 rg BT 350.44 663.53 Td ( ) Tj ET Q q 0 0 0 rg BT 352.30 663.53 Td (The ) Tj ET Q q 0 0 0 rg BT 367.34 663.53 Td (Y) Tj ET Q q 0 0 0 rg BT 372.23 663.53 Td (ear) Tj ET Q q 0 0 0 rg BT 383.19 663.53 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 443.92 663.53 Td ( 31, \(US$ 000's\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 650.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.50 650.53 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.50 650.53 Td (2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 393.00 650.53 Td (% ) Tj ET Q q 0 0 0 rg BT 401.52 650.53 Td (Act) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 650.53 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.50 650.53 Td (2016) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 540.00 650.53 Td (% ) Tj ET Q q 0 0 0 rg BT 548.37 650.53 Td (Act) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 637.55 Td (Interest ) Tj ET Q q 0 0 0 rg BT 78.49 637.55 Td (expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.50 637.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.10 637.55 Td (\(49,106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.80 637.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.50 637.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.10 637.55 Td (\(83,188) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.80 637.55 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.15 637.55 Td (41.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.75 637.55 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.50 637.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.10 637.55 Td (\(83,188) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 637.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.50 637.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.10 637.55 Td (\(126,378) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.80 637.55 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.15 637.55 Td (34.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 637.55 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 624.55 Td (Loss ) Tj ET Q q 0 0 0 rg BT 69.61 624.55 Td (on ) Tj ET Q q 0 0 0 rg BT 79.61 624.55 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 130.94 624.55 Td (of ) Tj ET Q q 0 0 0 rg BT 139.61 624.55 Td (debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.10 624.55 Td (\(415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.80 624.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.10 624.55 Td (\(101) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.80 624.55 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.40 624.55 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 406.40 628.17 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.10 624.55 Td (\(101) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 624.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.10 624.55 Td (\(150,158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.80 624.55 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.15 624.55 Td (99.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 624.55 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 611.55 Td (Other ) Tj ET Q q 0 0 0 rg BT 72.71 611.55 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 119.59 611.55 Td (income ) Tj ET Q q 0 0 0 rg BT 145.14 611.55 Td (/ ) Tj ET Q q 0 0 0 rg BT 149.36 611.55 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 184.45 611.55 Td (net:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 598.55 Td (Interest income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.80 598.55 Td (725) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.80 598.55 Td (536) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.15 598.55 Td (35.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.75 598.55 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.80 598.55 Td (536) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.80 598.55 Td (590) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.45 598.55 Td (\(9.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 598.55 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 585.55 Td (Foreign currency exchange \(loss\) / gain, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.10 585.55 Td (\(2,691) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.80 585.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.75 585.55 Td (17,761) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.40 585.55 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 406.40 589.17 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.75 585.55 Td (17,761) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.75 585.55 Td (6,929) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.15 585.55 Td (156.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 585.55 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 572.55 Td (Change in fair value of derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.10 572.55 Td (\(1,715) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.80 572.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.10 572.55 Td (\(1,783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.80 572.55 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.15 572.55 Td (3.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.75 572.55 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.10 572.55 Td (\(1,783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 572.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.10 572.55 Td (\(10,213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.80 572.55 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.15 572.55 Td (82.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 572.55 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 559.55 Td (Other income, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.80 559.55 Td (508) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.80 559.55 Td (428) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.15 559.55 Td (18.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.75 559.55 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.80 559.55 Td (428) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.80 559.55 Td (442) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.45 559.55 Td (\(3.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 559.55 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 546.55 Td (Provision ) Tj ET Q q 0 0 0 rg BT 85.17 546.55 Td (for ) Tj ET Q q 0 0 0 rg BT 96.50 546.55 Td (income ) Tj ET Q q 0 0 0 rg BT 122.05 546.55 Td (taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.10 546.55 Td (\(27,828) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.80 546.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.10 546.55 Td (\(22,504) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.80 546.55 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.45 546.55 Td (\(23.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 406.15 546.55 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.10 546.55 Td (\(22,504) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 546.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.10 546.55 Td (\(6,639) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.80 546.55 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.40 546.55 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 553.40 550.17 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 533.55 Td (Income ) Tj ET Q q 0 0 0 rg BT 78.49 533.55 Td (/ ) Tj ET Q q 0 0 0 rg BT 82.71 533.55 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 102.49 533.55 Td (from ) Tj ET Q q 0 0 0 rg BT 120.04 533.55 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 162.92 533.55 Td (operations, ) Tj ET Q q 0 0 0 rg BT 200.25 533.55 Td (net ) Tj ET Q q 0 0 0 rg BT 212.02 533.55 Td (of ) Tj ET Q q 0 0 0 rg BT 220.68 533.55 Td (tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.75 533.55 Td (60,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.10 533.55 Td (\(1,636) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.80 533.55 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.40 533.55 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 406.40 537.17 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.10 533.55 Td (\(1,636) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 533.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.10 533.55 Td (\(918) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.80 533.55 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.45 533.55 Td (\(78.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 533.55 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 520.55 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.05 520.55 Td (loss ) Tj ET Q q 0 0 0 rg BT 80.50 520.55 Td (attributable ) Tj ET Q q 0 0 0 rg BT 118.93 520.55 Td (to ) Tj ET Q q 0 0 0 rg BT 127.15 520.55 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 176.26 520.55 Td (interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.80 520.55 Td (79) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.80 520.55 Td (341) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.45 520.55 Td (\(76.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 406.15 520.55 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.80 520.55 Td (341) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.80 520.55 Td (306) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.15 520.55 Td (1) Tj ET Q q 0 0 0 rg BT 543.15 520.55 Td (1.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 520.55 Td (%) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 507.82 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.56 504.20 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 504.20 Td (Number ) Tj ET Q q 0 0 0 rg BT 95.71 504.20 Td (is ) Tj ET Q q 0 0 0 rg BT 103.05 504.20 Td (not ) Tj ET Q q 0 0 0 rg BT 115.27 504.20 Td (meaningful.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 488.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 66.68 488.60 Td (est ) Tj ET Q q 0 0 0 rg BT 78.12 488.60 Td (expense:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 107.45 488.60 Td ( ) Tj ET Q q 0 0 0 rg BT 109.56 488.60 Td (Interest ) Tj ET Q q 0 0 0 rg BT 135.67 488.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 163.54 488.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 197.19 488.60 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.52 488.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.52 488.60 Td (. ) Tj ET Q q 0 0 0 rg BT 225.48 488.60 Td (This ) Tj ET Q q 0 0 0 rg BT 241.82 488.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 267.47 488.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.35 488.60 Td (repricing ) Tj ET Q q 0 0 0 rg BT 310.34 488.60 Td (of ) Tj ET Q q 0 0 0 rg BT 319.12 488.60 Td (our ) Tj ET Q q 0 0 0 rg BT 331.89 488.60 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 366.87 488.60 Td (Fees ) Tj ET Q q 0 0 0 rg BT 383.65 488.60 Td (in ) Tj ET Q q 0 0 0 rg BT 391.52 488.60 Td (April ) Tj ET Q q 0 0 0 rg BT 410.52 488.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 430.63 488.60 Td (the ) Tj ET Q q 0 0 0 rg BT 442.51 488.60 Td (repayment ) Tj ET Q q 0 0 0 rg BT 478.39 488.60 Td (of ) Tj ET Q q 0 0 0 rg BT 487.17 488.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 526.61 488.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 555.83 488.60 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 479.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.36 479.00 Td (2019 ) Tj ET Q q 0 0 0 rg BT 79.45 479.00 Td (Euro ) Tj ET Q q 0 0 0 rg BT 97.09 479.00 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 117.61 479.00 Td (the ) Tj ET Q q 0 0 0 rg BT 129.47 479.00 Td (partial ) Tj ET Q q 0 0 0 rg BT 152.00 479.00 Td (repayment ) Tj ET Q q 0 0 0 rg BT 187.85 479.00 Td (of ) Tj ET Q q 0 0 0 rg BT 196.60 479.00 Td (the ) Tj ET Q q 0 0 0 rg BT 208.46 479.00 Td (2021 ) Tj ET Q q 0 0 0 rg BT 226.55 479.00 Td (Euro ) Tj ET Q q 0 0 0 rg BT 244.19 479.00 Td (Loan ) Tj ET Q q 0 0 0 rg BT 262.71 479.00 Td (and ) Tj ET Q q 0 0 0 rg BT 276.35 479.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 303.75 479.00 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 339.17 479.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 357.26 479.00 Td (following ) Tj ET Q q 0 0 0 rg BT 390.46 479.00 Td (a ) Tj ET Q q 0 0 0 rg BT 396.09 479.00 Td (reduction ) Tj ET Q q 0 0 0 rg BT 428.39 479.00 Td (in ) Tj ET Q q 0 0 0 rg BT 436.70 479.00 Td (our ) Tj ET Q q 0 0 0 rg BT 449.46 479.00 Td (net ) Tj ET Q q 0 0 0 rg BT 461.32 479.00 Td (leverage ) Tj ET Q q 0 0 0 rg BT 490.49 479.00 Td (ratio ) Tj ET Q q 0 0 0 rg BT 507.24 479.00 Td (as ) Tj ET Q q 0 0 0 rg BT 515.99 479.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 542.07 479.00 Td (within ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 469.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 469.40 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 113.49 469.40 Td (Agreement. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 453.80 Td (The ) Tj ET Q q 0 0 0 rg BT 64.10 453.80 Td (decrease ) Tj ET Q q 0 0 0 rg BT 93.79 453.80 Td (in ) Tj ET Q q 0 0 0 rg BT 102.17 453.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 127.87 453.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 155.79 453.80 Td (in ) Tj ET Q q 0 0 0 rg BT 164.18 453.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 182.33 453.80 Td (was ) Tj ET Q q 0 0 0 rg BT 196.93 453.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 228.86 453.80 Td (due ) Tj ET Q q 0 0 0 rg BT 242.57 453.80 Td (to ) Tj ET Q q 0 0 0 rg BT 250.95 453.80 Td (lower ) Tj ET Q q 0 0 0 rg BT 271.32 453.80 Td (amortization ) Tj ET Q q 0 0 0 rg BT 313.91 453.80 Td (of ) Tj ET Q q 0 0 0 rg BT 322.73 453.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 338.67 453.80 Td (discount ) Tj ET Q q 0 0 0 rg BT 367.93 453.80 Td (and ) Tj ET Q q 0 0 0 rg BT 381.64 453.80 Td (issuance ) Tj ET Q q 0 0 0 rg BT 410.90 453.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 429.06 453.80 Td (following ) Tj ET Q q 0 0 0 rg BT 462.33 453.80 Td (the ) Tj ET Q q 0 0 0 rg BT 474.26 453.80 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 525.75 453.80 Td (of ) Tj ET Q q 0 0 0 rg BT 534.57 453.80 Td (the ) Tj ET Q q 0 0 0 rg BT 546.50 453.80 Td (2017 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 444.20 Td (PIK ) Tj ET Q q 0 0 0 rg BT 64.62 444.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 85.52 444.20 Td (and ) Tj ET Q q 0 0 0 rg BT 99.30 444.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 117.37 444.20 Td (T) Tj ET Q q 0 0 0 rg BT 121.69 444.20 Td (erm ) Tj ET Q q 0 0 0 rg BT 136.36 444.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 155.03 444.20 Td (in ) Tj ET Q q 0 0 0 rg BT 162.99 444.20 Td (April ) Tj ET Q q 0 0 0 rg BT 182.11 444.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 200.34 444.20 Td (and ) Tj ET Q q 0 0 0 rg BT 214.12 444.20 Td (due ) Tj ET Q q 0 0 0 rg BT 227.90 444.20 Td (to ) Tj ET Q q 0 0 0 rg BT 236.35 444.20 Td (a ) Tj ET Q q 0 0 0 rg BT 242.14 444.20 Td (lower ) Tj ET Q q 0 0 0 rg BT 262.58 444.20 Td (ef) Tj ET Q q 0 0 0 rg BT 268.65 444.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 292.64 444.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 318.42 444.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 332.64 444.20 Td (on ) Tj ET Q q 0 0 0 rg BT 342.87 444.20 Td (the ) Tj ET Q q 0 0 0 rg BT 354.87 444.20 Td (replacement ) Tj ET Q q 0 0 0 rg BT 396.19 444.20 Td (facility) Tj ET Q q 0 0 0 rg BT 418.33 444.20 Td (. ) Tj ET Q q 0 0 0 rg BT 422.07 444.20 Td (Additional ) Tj ET Q q 0 0 0 rg BT 458.51 444.20 Td (reductions ) Tj ET Q q 0 0 0 rg BT 494.07 444.20 Td (to ) Tj ET Q q 0 0 0 rg BT 502.52 444.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 528.30 444.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 556.30 444.20 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 434.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 68.02 434.60 Td (were ) Tj ET Q q 0 0 0 rg BT 86.09 434.60 Td (due ) Tj ET Q q 0 0 0 rg BT 100.16 434.60 Td (to ) Tj ET Q q 0 0 0 rg BT 108.91 434.60 Td (the ) Tj ET Q q 0 0 0 rg BT 121.21 434.60 Td (repricing ) Tj ET Q q 0 0 0 rg BT 152.61 434.60 Td (of ) Tj ET Q q 0 0 0 rg BT 161.79 434.60 Td (our ) Tj ET Q q 0 0 0 rg BT 174.98 434.60 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 210.37 434.60 Td (Fees ) Tj ET Q q 0 0 0 rg BT 227.56 434.60 Td (in ) Tj ET Q q 0 0 0 rg BT 236.30 434.60 Td (March ) Tj ET Q q 0 0 0 rg BT 259.71 434.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 278.23 434.60 Td (and ) Tj ET Q q 0 0 0 rg BT 292.30 434.60 Td (improvements ) Tj ET Q q 0 0 0 rg BT 340.60 434.60 Td (to ) Tj ET Q q 0 0 0 rg BT 349.34 434.60 Td (our ) Tj ET Q q 0 0 0 rg BT 362.53 434.60 Td (net ) Tj ET Q q 0 0 0 rg BT 374.83 434.60 Td (leverage ) Tj ET Q q 0 0 0 rg BT 404.44 434.60 Td (\(see ) Tj ET Q q 0 0 0 rg BT 419.84 434.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 437.03 434.60 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.55 434.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 463.63 434.60 Td (5, ) Tj ET Q q 0 0 0 rg BT 472.15 434.60 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 512.15 434.60 Td (Debt ) Tj ET Q q 0 0 0 rg BT 530.22 434.60 Td (and ) Tj ET Q q 0 0 0 rg BT 544.30 434.60 Td (Other ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 425.00 Td (Financing ) Tj ET Q q 0 0 0 rg BT 83.05 425.00 Td (Arrangements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 131.64 425.00 Td ( ) Tj ET Q q 0 0 0 rg BT 133.64 425.00 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 147.19 425.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 164.74 425.00 Td (15, ) Tj ET Q q 0 0 0 rg BT 176.74 425.00 Td ("Interest ) Tj ET Q q 0 0 0 rg BT 205.99 425.00 Td (Expense") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.36 425.00 Td (\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 409.40 Td (Loss ) Tj ET Q q 0 0 0 rg BT 67.71 409.40 Td (on ) Tj ET Q q 0 0 0 rg BT 78.81 409.40 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 133.91 409.40 Td (of ) Tj ET Q q 0 0 0 rg BT 143.22 409.40 Td (debt: ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 163.64 409.40 Td (In ) Tj ET Q q 0 0 0 rg BT 172.96 409.40 Td (2018, ) Tj ET Q q 0 0 0 rg BT 193.61 409.40 Td (we ) Tj ET Q q 0 0 0 rg BT 205.58 409.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 243.32 409.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 265.08 409.40 Td (on ) Tj ET Q q 0 0 0 rg BT 275.73 409.40 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 327.71 409.40 Td (of ) Tj ET Q q 0 0 0 rg BT 337.02 409.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 353.44 409.40 Td (related ) Tj ET Q q 0 0 0 rg BT 377.85 409.40 Td (to ) Tj ET Q q 0 0 0 rg BT 386.72 409.40 Td (our ) Tj ET Q q 0 0 0 rg BT 400.04 409.40 Td (full ) Tj ET Q q 0 0 0 rg BT 413.79 409.40 Td (repayment ) Tj ET Q q 0 0 0 rg BT 450.20 409.40 Td (of ) Tj ET Q q 0 0 0 rg BT 459.52 409.40 Td (the ) Tj ET Q q 0 0 0 rg BT 471.94 409.40 Td (2019 ) Tj ET Q q 0 0 0 rg BT 490.59 409.40 Td (Euro ) Tj ET Q q 0 0 0 rg BT 508.79 409.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 527.87 409.40 Td (and ) Tj ET Q q 0 0 0 rg BT 542.07 409.40 Td (partial ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 399.80 Td (repayment ) Tj ET Q q 0 0 0 rg BT 85.45 399.80 Td (of ) Tj ET Q q 0 0 0 rg BT 94.30 399.80 Td (the ) Tj ET Q q 0 0 0 rg BT 106.26 399.80 Td (2021 ) Tj ET Q q 0 0 0 rg BT 124.45 399.80 Td (Euro ) Tj ET Q q 0 0 0 rg BT 142.19 399.80 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 162.81 399.80 Td (In ) Tj ET Q q 0 0 0 rg BT 171.66 399.80 Td (2017, ) Tj ET Q q 0 0 0 rg BT 191.85 399.80 Td (we ) Tj ET Q q 0 0 0 rg BT 203.37 399.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 240.64 399.80 Td (a ) Tj ET Q q 0 0 0 rg BT 246.38 399.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 261.02 399.80 Td (on ) Tj ET Q q 0 0 0 rg BT 271.21 399.80 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 322.72 399.80 Td (of ) Tj ET Q q 0 0 0 rg BT 331.57 399.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 347.54 399.80 Td (related ) Tj ET Q q 0 0 0 rg BT 371.48 399.80 Td (to ) Tj ET Q q 0 0 0 rg BT 379.89 399.80 Td (our ) Tj ET Q q 0 0 0 rg BT 392.75 399.80 Td (repayment ) Tj ET Q q 0 0 0 rg BT 428.70 399.80 Td (of ) Tj ET Q q 0 0 0 rg BT 437.55 399.80 Td (EUR ) Tj ET Q q 0 0 0 rg BT 455.73 399.80 Td (50.0 ) Tj ET Q q 0 0 0 rg BT 471.92 399.80 Td (million ) Tj ET Q q 0 0 0 rg BT 497.22 399.80 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 548.28 399.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 390.20 Td (59.1 ) Tj ET Q q 0 0 0 rg BT 65.48 390.20 Td (million ) Tj ET Q q 0 0 0 rg BT 90.58 390.20 Td (at ) Tj ET Q q 0 0 0 rg BT 97.89 390.20 Td (August ) Tj ET Q q 0 0 0 rg BT 122.99 390.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 130.97 390.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 148.95 390.20 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 168.70 390.20 Td (of ) Tj ET Q q 0 0 0 rg BT 177.34 390.20 Td (the ) Tj ET Q q 0 0 0 rg BT 189.10 390.20 Td (2019 ) Tj ET Q q 0 0 0 rg BT 207.08 390.20 Td (Euro ) Tj ET Q q 0 0 0 rg BT 224.61 390.20 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 245.03 390.20 Td (In ) Tj ET Q q 0 0 0 rg BT 253.68 390.20 Td (2016, ) Tj ET Q q 0 0 0 rg BT 273.66 390.20 Td (we ) Tj ET Q q 0 0 0 rg BT 284.97 390.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 322.04 390.20 Td (a ) Tj ET Q q 0 0 0 rg BT 327.57 390.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 342.00 390.20 Td (on ) Tj ET Q q 0 0 0 rg BT 351.98 390.20 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 403.29 390.20 Td (of ) Tj ET Q q 0 0 0 rg BT 411.94 390.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 427.69 390.20 Td (related ) Tj ET Q q 0 0 0 rg BT 451.44 390.20 Td (to ) Tj ET Q q 0 0 0 rg BT 459.64 390.20 Td (the ) Tj ET Q q 0 0 0 rg BT 471.40 390.20 Td (redemption ) Tj ET Q q 0 0 0 rg BT 509.81 390.20 Td (and ) Tj ET Q q 0 0 0 rg BT 523.34 390.20 Td (dischar) Tj ET Q q 0 0 0 rg BT 546.30 390.20 Td (ge ) Tj ET Q q 0 0 0 rg BT 555.83 390.20 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 380.60 Td (the ) Tj ET Q q 0 0 0 rg BT 61.21 380.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 79.15 380.60 Td (PIK ) Tj ET Q q 0 0 0 rg BT 93.98 380.60 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 116.59 380.60 Td (repayment ) Tj ET Q q 0 0 0 rg BT 152.29 380.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.89 380.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.60 380.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 190.40 380.60 Td (T) Tj ET Q q 0 0 0 rg BT 194.73 380.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 209.11 380.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 227.48 380.60 Td (and ) Tj ET Q q 0 0 0 rg BT 240.98 380.60 Td (modifications ) Tj ET Q q 0 0 0 rg BT 286.91 380.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.51 380.60 Td (the ) Tj ET Q q 0 0 0 rg BT 307.22 380.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 325.16 380.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 342.65 380.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 361.03 380.60 Td (and ) Tj ET Q q 0 0 0 rg BT 374.52 380.60 Td (the ) Tj ET Q q 0 0 0 rg BT 386.23 380.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 404.17 380.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 421.66 380.60 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 442.04 380.60 Td (which ) Tj ET Q q 0 0 0 rg BT 463.53 380.60 Td (were ) Tj ET Q q 0 0 0 rg BT 481.01 380.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 515.38 380.60 Td (for ) Tj ET Q q 0 0 0 rg BT 526.65 380.60 Td (in ) Tj ET Q q 0 0 0 rg BT 534.81 380.60 Td (a ) Tj ET Q q 0 0 0 rg BT 540.30 380.60 Td (similar ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 371.00 Td (manner ) Tj ET Q q 0 0 0 rg BT 75.49 371.00 Td (as ) Tj ET Q q 0 0 0 rg BT 84.15 371.00 Td (a ) Tj ET Q q 0 0 0 rg BT 89.70 371.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 105.48 371.00 Td (extinguishment.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 355.40 Td (Inter) Tj ET Q q 0 0 0 rg BT 66.68 355.40 Td (est ) Tj ET Q q 0 0 0 rg BT 78.01 355.40 Td (income:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 105.11 355.40 Td ( ) Tj ET Q q 0 0 0 rg BT 107.11 355.40 Td (Interest ) Tj ET Q q 0 0 0 rg BT 133.10 355.40 Td (income ) Tj ET Q q 0 0 0 rg BT 158.65 355.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 190.42 355.40 Td (reflects ) Tj ET Q q 0 0 0 rg BT 215.96 355.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 245.06 355.40 Td (on ) Tj ET Q q 0 0 0 rg BT 255.06 355.40 Td (our ) Tj ET Q q 0 0 0 rg BT 267.72 355.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 283.94 355.40 Td (balances ) Tj ET Q q 0 0 0 rg BT 313.48 355.40 Td (and ) Tj ET Q q 0 0 0 rg BT 327.03 355.40 Td (was ) Tj ET Q q 0 0 0 rg BT 341.47 355.40 Td (not ) Tj ET Q q 0 0 0 rg BT 353.69 355.40 Td (material.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 339.80 Td (For) Tj ET Q q 0 0 0 rg BT 61.79 339.80 Td (eign ) Tj ET Q q 0 0 0 rg BT 78.60 339.80 Td (curr) Tj ET Q q 0 0 0 rg BT 93.56 339.80 Td (ency ) Tj ET Q q 0 0 0 rg BT 111.70 339.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 145.83 339.80 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 166.20 339.80 Td (/ ) Tj ET Q q 0 0 0 rg BT 171.00 339.80 Td (gain, ) Tj ET Q q 0 0 0 rg BT 190.26 339.80 Td (net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 200.93 339.80 Td (:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.59 339.80 Td () Tj ET Q q 0 0 0 rg BT 205.45 339.80 Td (W) Tj ET Q q 0 0 0 rg BT 212.36 339.80 Td (e ) Tj ET Q q 0 0 0 rg BT 218.49 339.80 Td (are ) Tj ET Q q 0 0 0 rg BT 230.84 339.80 Td (exposed ) Tj ET Q q 0 0 0 rg BT 259.64 339.80 Td (to ) Tj ET Q q 0 0 0 rg BT 268.45 339.80 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 308.81 339.80 Td (in ) Tj ET Q q 0 0 0 rg BT 317.62 339.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 343.30 339.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 376.09 339.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 393.78 339.80 Td (on ) Tj ET Q q 0 0 0 rg BT 404.37 339.80 Td (the ) Tj ET Q q 0 0 0 rg BT 416.73 339.80 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 455.30 339.80 Td (of ) Tj ET Q q 0 0 0 rg BT 464.55 339.80 Td (monetary ) Tj ET Q q 0 0 0 rg BT 497.34 339.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 518.59 339.80 Td (and ) Tj ET Q q 0 0 0 rg BT 532.73 339.80 Td (liabilities ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 330.20 Td (denominated ) Tj ET Q q 0 0 0 rg BT 92.62 330.20 Td (in ) Tj ET Q q 0 0 0 rg BT 100.64 330.20 Td (currencies ) Tj ET Q q 0 0 0 rg BT 135.31 330.20 Td (other ) Tj ET Q q 0 0 0 rg BT 153.55 330.20 Td (than ) Tj ET Q q 0 0 0 rg BT 169.12 330.20 Td (the ) Tj ET Q q 0 0 0 rg BT 180.69 330.20 Td (local ) Tj ET Q q 0 0 0 rg BT 198.04 330.20 Td (functional ) Tj ET Q q 0 0 0 rg BT 232.27 330.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 262.05 330.20 Td (of ) Tj ET Q q 0 0 0 rg BT 270.52 330.20 Td (the ) Tj ET Q q 0 0 0 rg BT 282.09 330.20 Td (relevant ) Tj ET Q q 0 0 0 rg BT 309.65 330.20 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 342.02 330.20 Td (. ) Tj ET Q q 0 0 0 rg BT 345.69 330.20 Td (This ) Tj ET Q q 0 0 0 rg BT 361.71 330.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 390.17 330.20 Td (third ) Tj ET Q q 0 0 0 rg BT 407.08 330.20 Td (party ) Tj ET Q q 0 0 0 rg BT 425.32 330.20 Td (receivables ) Tj ET Q q 0 0 0 rg BT 463.09 330.20 Td (and ) Tj ET Q q 0 0 0 rg BT 476.45 330.20 Td (payables, ) Tj ET Q q 0 0 0 rg BT 508.23 330.20 Td (as ) Tj ET Q q 0 0 0 rg BT 516.70 330.20 Td (well ) Tj ET Q q 0 0 0 rg BT 532.27 330.20 Td (as ) Tj ET Q q 0 0 0 rg BT 540.73 330.20 Td (certain ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 320.60 Td (of ) Tj ET Q q 0 0 0 rg BT 57.43 320.60 Td (our ) Tj ET Q q 0 0 0 rg BT 69.35 320.60 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 114.60 320.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 132.75 320.60 Td (which ) Tj ET Q q 0 0 0 rg BT 153.56 320.60 Td (are ) Tj ET Q q 0 0 0 rg BT 164.59 320.60 Td (not ) Tj ET Q q 0 0 0 rg BT 176.07 320.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 211.98 320.60 Td (to ) Tj ET Q q 0 0 0 rg BT 219.47 320.60 Td (be ) Tj ET Q q 0 0 0 rg BT 228.28 320.60 Td (of ) Tj ET Q q 0 0 0 rg BT 236.21 320.60 Td (a ) Tj ET Q q 0 0 0 rg BT 241.02 320.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 273.83 320.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 310.20 320.60 Td (nature. ) Tj ET Q q 0 0 0 rg BT 333.45 320.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 347.15 320.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 386.18 320.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 417.21 320.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 441.56 320.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 467.71 320.60 Td (via ) Tj ET Q q 0 0 0 rg BT 478.74 320.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 496.89 320.60 Td (that ) Tj ET Q q 0 0 0 rg BT 510.15 320.60 Td (are ) Tj ET Q q 0 0 0 rg BT 521.18 320.60 Td (denominated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 311.00 Td (in ) Tj ET Q q 0 0 0 rg BT 57.64 311.00 Td (currencies ) Tj ET Q q 0 0 0 rg BT 92.42 311.00 Td (other ) Tj ET Q q 0 0 0 rg BT 110.77 311.00 Td (than ) Tj ET Q q 0 0 0 rg BT 126.46 311.00 Td (the ) Tj ET Q q 0 0 0 rg BT 138.15 311.00 Td (functional ) Tj ET Q q 0 0 0 rg BT 172.50 311.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 202.39 311.00 Td (of ) Tj ET Q q 0 0 0 rg BT 210.97 311.00 Td (the ) Tj ET Q q 0 0 0 rg BT 222.66 311.00 Td (lender) Tj ET Q q 0 0 0 rg BT 242.33 311.00 Td (, ) Tj ET Q q 0 0 0 rg BT 246.24 311.00 Td (therefore ) Tj ET Q q 0 0 0 rg BT 277.03 311.00 Td (any ) Tj ET Q q 0 0 0 rg BT 290.49 311.00 Td (change ) Tj ET Q q 0 0 0 rg BT 315.06 311.00 Td (in ) Tj ET Q q 0 0 0 rg BT 323.20 311.00 Td (the ) Tj ET Q q 0 0 0 rg BT 334.89 311.00 Td (relevant ) Tj ET Q q 0 0 0 rg BT 362.56 311.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 394.68 311.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 408.58 311.00 Td (will ) Tj ET Q q 0 0 0 rg BT 422.94 311.00 Td (require ) Tj ET Q q 0 0 0 rg BT 447.51 311.00 Td (us ) Tj ET Q q 0 0 0 rg BT 456.54 311.00 Td (to ) Tj ET Q q 0 0 0 rg BT 464.68 311.00 Td (recognize ) Tj ET Q q 0 0 0 rg BT 497.68 311.00 Td (a ) Tj ET Q q 0 0 0 rg BT 503.15 311.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 540.16 311.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 555.85 311.00 Td (or ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 301.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 64.31 301.40 Td (on ) Tj ET Q q 0 0 0 rg BT 74.66 301.40 Td (revaluation. ) Tj ET Q q 0 0 0 rg BT 115.01 301.40 Td (Certain ) Tj ET Q q 0 0 0 rg BT 140.91 301.40 Td (of ) Tj ET Q q 0 0 0 rg BT 149.93 301.40 Td (our ) Tj ET Q q 0 0 0 rg BT 162.95 301.40 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 209.29 301.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 228.54 301.40 Td (are ) Tj ET Q q 0 0 0 rg BT 240.66 301.40 Td (classified ) Tj ET Q q 0 0 0 rg BT 273.23 301.40 Td (as ) Tj ET Q q 0 0 0 rg BT 282.25 301.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 316.16 301.40 Td (in ) Tj ET Q q 0 0 0 rg BT 324.74 301.40 Td (nature, ) Tj ET Q q 0 0 0 rg BT 349.08 301.40 Td (and ) Tj ET Q q 0 0 0 rg BT 362.99 301.40 Td (therefore ) Tj ET Q q 0 0 0 rg BT 394.21 301.40 Td (gains ) Tj ET Q q 0 0 0 rg BT 413.46 301.40 Td (or ) Tj ET Q q 0 0 0 rg BT 422.48 301.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 443.95 301.40 Td (on ) Tj ET Q q 0 0 0 rg BT 454.31 301.40 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 492.65 301.40 Td (of ) Tj ET Q q 0 0 0 rg BT 501.67 301.40 Td (those ) Tj ET Q q 0 0 0 rg BT 520.92 301.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 540.16 301.40 Td (are ) Tj ET Q q 0 0 0 rg BT 552.28 301.40 Td (not ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 291.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 79.48 291.80 Td (through ) Tj ET Q q 0 0 0 rg BT 106.37 291.80 Td (the ) Tj ET Q q 0 0 0 rg BT 118.14 291.80 Td (statement ) Tj ET Q q 0 0 0 rg BT 150.80 291.80 Td (of ) Tj ET Q q 0 0 0 rg BT 159.46 291.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 194.79 291.80 Td (and ) Tj ET Q q 0 0 0 rg BT 208.34 291.80 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 258.76 291.80 Td (income ) Tj ET Q q 0 0 0 rg BT 284.31 291.80 Td (/ ) Tj ET Q q 0 0 0 rg BT 288.53 291.80 Td (loss. ) Tj ET Q q 0 0 0 rg BT 304.98 291.80 Td (See ) Tj ET Q q 0 0 0 rg BT 318.53 291.80 Td (the ) Tj ET Q q 0 0 0 rg BT 330.30 291.80 Td (discussion ) Tj ET Q q 0 0 0 rg BT 365.64 291.80 Td (under ) Tj ET Q q 0 0 0 rg BT 385.86 291.80 Td ("Currency ) Tj ET Q q 0 0 0 rg BT 420.89 291.80 Td (translation ) Tj ET Q q 0 0 0 rg BT 456.66 291.80 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 495.76 291.80 Td (net" ) Tj ET Q q 0 0 0 rg BT 510.80 291.80 Td (below) Tj ET Q q 0 0 0 rg BT 529.83 291.80 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 276.20 Td (In ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.88 276.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 74.88 276.20 Td (, ) Tj ET Q q 0 0 0 rg BT 79.60 276.20 Td (we ) Tj ET Q q 0 0 0 rg BT 91.65 276.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 129.46 276.20 Td (a ) Tj ET Q q 0 0 0 rg BT 135.73 276.20 Td (net ) Tj ET Q q 0 0 0 rg BT 148.22 276.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 163.39 276.20 Td (of ) Tj ET Q q 0 0 0 rg BT 172.78 276.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.72 276.20 Td (2.7 ) Tj ET Q q 0 0 0 rg BT 202.44 276.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.56 276.20 Td (, ) Tj ET Q q 0 0 0 rg BT 230.28 276.20 Td (comprised ) Tj ET Q q 0 0 0 rg BT 266.32 276.20 Td (of ) Tj ET Q q 0 0 0 rg BT 275.70 276.20 Td (transaction ) Tj ET Q q 0 0 0 rg BT 313.52 276.20 Td (losses ) Tj ET Q q 0 0 0 rg BT 335.35 276.20 Td (of ) Tj ET Q q 0 0 0 rg BT 344.74 276.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.68 276.20 Td (0.3 ) Tj ET Q q 0 0 0 rg BT 374.40 276.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.52 276.20 Td ( ) Tj ET Q q 0 0 0 rg BT 400.24 276.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 427.39 276.20 Td (to ) Tj ET Q q 0 0 0 rg BT 436.33 276.20 Td (the ) Tj ET Q q 0 0 0 rg BT 448.83 276.20 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 487.53 276.20 Td (of ) Tj ET Q q 0 0 0 rg BT 496.91 276.20 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 543.62 276.20 Td (loans, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 266.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 86.56 266.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 107.63 266.60 Td (of ) Tj ET Q q 0 0 0 rg BT 116.26 266.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 164.43 266.60 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 180.62 266.60 Td (3.2 ) Tj ET Q q 0 0 0 rg BT 192.58 266.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.69 266.60 Td ( ) Tj ET Q q 0 0 0 rg BT 217.66 266.60 Td (on ) Tj ET Q q 0 0 0 rg BT 227.62 266.60 Td (our ) Tj ET Q q 0 0 0 rg BT 240.24 266.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 273.75 266.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 289.49 266.60 Td (and ) Tj ET Q q 0 0 0 rg BT 303.00 266.60 Td (other ) Tj ET Q q 0 0 0 rg BT 321.40 266.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 353.57 266.60 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 398.62 266.60 Td (and ) Tj ET Q q 0 0 0 rg BT 412.14 266.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 449.20 266.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 468.04 266.60 Td (of ) Tj ET Q q 0 0 0 rg BT 476.67 266.60 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.86 266.60 Td (0.8 ) Tj ET Q q 0 0 0 rg BT 504.82 266.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.93 266.60 Td ( ) Tj ET Q q 0 0 0 rg BT 529.90 266.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 556.29 266.60 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 257.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 257.00 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 99.26 257.00 Td (of ) Tj ET Q q 0 0 0 rg BT 107.92 257.00 Td (monetary ) Tj ET Q q 0 0 0 rg BT 140.13 257.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 160.80 257.00 Td (and ) Tj ET Q q 0 0 0 rg BT 174.35 257.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 206.12 257.00 Td (denominated ) Tj ET Q q 0 0 0 rg BT 249.44 257.00 Td (in ) Tj ET Q q 0 0 0 rg BT 257.66 257.00 Td (currencies ) Tj ET Q q 0 0 0 rg BT 292.53 257.00 Td (other ) Tj ET Q q 0 0 0 rg BT 310.97 257.00 Td (than ) Tj ET Q q 0 0 0 rg BT 326.74 257.00 Td (the ) Tj ET Q q 0 0 0 rg BT 338.52 257.00 Td (local ) Tj ET Q q 0 0 0 rg BT 356.06 257.00 Td (functional ) Tj ET Q q 0 0 0 rg BT 390.50 257.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 420.48 257.00 Td (of ) Tj ET Q q 0 0 0 rg BT 429.14 257.00 Td (the ) Tj ET Q q 0 0 0 rg BT 440.91 257.00 Td (relevant ) Tj ET Q q 0 0 0 rg BT 468.68 257.00 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 501.04 257.00 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 241.40 Td (In ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.76 241.40 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 74.76 241.40 Td (, ) Tj ET Q q 0 0 0 rg BT 79.36 241.40 Td (we ) Tj ET Q q 0 0 0 rg BT 91.28 241.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 128.96 241.40 Td (a ) Tj ET Q q 0 0 0 rg BT 135.11 241.40 Td (net ) Tj ET Q q 0 0 0 rg BT 147.48 241.40 Td (gain ) Tj ET Q q 0 0 0 rg BT 163.85 241.40 Td (of ) Tj ET Q q 0 0 0 rg BT 173.11 241.40 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.93 241.40 Td (17.8 ) Tj ET Q q 0 0 0 rg BT 206.53 241.40 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.64 241.40 Td (, ) Tj ET Q q 0 0 0 rg BT 234.24 241.40 Td (comprised ) Tj ET Q q 0 0 0 rg BT 270.16 241.40 Td (of ) Tj ET Q q 0 0 0 rg BT 279.42 241.40 Td (transaction ) Tj ET Q q 0 0 0 rg BT 317.11 241.40 Td (gains ) Tj ET Q q 0 0 0 rg BT 336.59 241.40 Td (of ) Tj ET Q q 0 0 0 rg BT 345.85 241.40 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.67 241.40 Td (3.5 ) Tj ET Q q 0 0 0 rg BT 375.27 241.40 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.38 241.40 Td ( ) Tj ET Q q 0 0 0 rg BT 400.98 241.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 428.01 241.40 Td (to ) Tj ET Q q 0 0 0 rg BT 436.83 241.40 Td (the ) Tj ET Q q 0 0 0 rg BT 449.20 241.40 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 487.78 241.40 Td (of ) Tj ET Q q 0 0 0 rg BT 497.04 241.40 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 543.62 241.40 Td (loans, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 231.80 Td (transaction ) Tj ET Q q 0 0 0 rg BT 86.66 231.80 Td (gains ) Tj ET Q q 0 0 0 rg BT 105.60 231.80 Td (of ) Tj ET Q q 0 0 0 rg BT 114.32 231.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 162.59 231.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.88 231.80 Td (8.8 ) Tj ET Q q 0 0 0 rg BT 190.93 231.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.05 231.80 Td ( ) Tj ET Q q 0 0 0 rg BT 216.11 231.80 Td (on ) Tj ET Q q 0 0 0 rg BT 226.16 231.80 Td (our ) Tj ET Q q 0 0 0 rg BT 238.89 231.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 272.49 231.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 288.32 231.80 Td (and ) Tj ET Q q 0 0 0 rg BT 301.93 231.80 Td (other ) Tj ET Q q 0 0 0 rg BT 320.43 231.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 352.70 231.80 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 397.85 231.80 Td (and ) Tj ET Q q 0 0 0 rg BT 411.46 231.80 Td (transaction ) Tj ET Q q 0 0 0 rg BT 448.61 231.80 Td (gains ) Tj ET Q q 0 0 0 rg BT 467.56 231.80 Td (of ) Tj ET Q q 0 0 0 rg BT 476.28 231.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.57 231.80 Td (5.5 ) Tj ET Q q 0 0 0 rg BT 504.63 231.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.74 231.80 Td ( ) Tj ET Q q 0 0 0 rg BT 529.80 231.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 556.29 231.80 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 222.20 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 222.20 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 99.26 222.20 Td (of ) Tj ET Q q 0 0 0 rg BT 107.92 222.20 Td (monetary ) Tj ET Q q 0 0 0 rg BT 140.13 222.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 160.80 222.20 Td (and ) Tj ET Q q 0 0 0 rg BT 174.35 222.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 206.12 222.20 Td (denominated ) Tj ET Q q 0 0 0 rg BT 249.44 222.20 Td (in ) Tj ET Q q 0 0 0 rg BT 257.66 222.20 Td (currencies ) Tj ET Q q 0 0 0 rg BT 292.53 222.20 Td (other ) Tj ET Q q 0 0 0 rg BT 310.97 222.20 Td (than ) Tj ET Q q 0 0 0 rg BT 326.74 222.20 Td (the ) Tj ET Q q 0 0 0 rg BT 338.52 222.20 Td (local ) Tj ET Q q 0 0 0 rg BT 356.06 222.20 Td (functional ) Tj ET Q q 0 0 0 rg BT 390.50 222.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 420.48 222.20 Td (of ) Tj ET Q q 0 0 0 rg BT 429.14 222.20 Td (the ) Tj ET Q q 0 0 0 rg BT 440.91 222.20 Td (relevant ) Tj ET Q q 0 0 0 rg BT 468.68 222.20 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 501.04 222.20 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 206.60 Td (In ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.76 206.60 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 74.76 206.60 Td (, ) Tj ET Q q 0 0 0 rg BT 79.36 206.60 Td (we ) Tj ET Q q 0 0 0 rg BT 91.28 206.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 128.96 206.60 Td (a ) Tj ET Q q 0 0 0 rg BT 135.11 206.60 Td (net ) Tj ET Q q 0 0 0 rg BT 147.48 206.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 163.85 206.60 Td (of ) Tj ET Q q 0 0 0 rg BT 173.11 206.60 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.93 206.60 Td (6.9 ) Tj ET Q q 0 0 0 rg BT 202.53 206.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.64 206.60 Td (, ) Tj ET Q q 0 0 0 rg BT 230.24 206.60 Td (comprised ) Tj ET Q q 0 0 0 rg BT 266.16 206.60 Td (of ) Tj ET Q q 0 0 0 rg BT 275.42 206.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 313.11 206.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 332.59 206.60 Td (of ) Tj ET Q q 0 0 0 rg BT 341.85 206.60 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.67 206.60 Td (38.1 ) Tj ET Q q 0 0 0 rg BT 375.27 206.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.38 206.60 Td ( ) Tj ET Q q 0 0 0 rg BT 400.98 206.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 428.01 206.60 Td (to ) Tj ET Q q 0 0 0 rg BT 436.83 206.60 Td (the ) Tj ET Q q 0 0 0 rg BT 449.20 206.60 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 487.78 206.60 Td (of ) Tj ET Q q 0 0 0 rg BT 497.04 206.60 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 543.62 206.60 Td (loans, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 197.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 86.65 197.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 107.81 197.00 Td (of ) Tj ET Q q 0 0 0 rg BT 116.53 197.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 164.79 197.00 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.06 197.00 Td (28.4 ) Tj ET Q q 0 0 0 rg BT 197.11 197.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.23 197.00 Td ( ) Tj ET Q q 0 0 0 rg BT 222.28 197.00 Td (on ) Tj ET Q q 0 0 0 rg BT 232.33 197.00 Td (our ) Tj ET Q q 0 0 0 rg BT 245.04 197.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 278.64 197.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 294.46 197.00 Td (and ) Tj ET Q q 0 0 0 rg BT 308.07 197.00 Td (other ) Tj ET Q q 0 0 0 rg BT 326.55 197.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 358.82 197.00 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 403.96 197.00 Td (and ) Tj ET Q q 0 0 0 rg BT 417.56 197.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 454.71 197.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 475.87 197.00 Td (of ) Tj ET Q q 0 0 0 rg BT 484.59 197.00 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.86 197.00 Td (2.8 ) Tj ET Q q 0 0 0 rg BT 512.91 197.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.03 197.00 Td ( ) Tj ET Q q 0 0 0 rg BT 538.08 197.00 Td (relating ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 187.40 Td (to ) Tj ET Q q 0 0 0 rg BT 57.72 187.40 Td (the ) Tj ET Q q 0 0 0 rg BT 69.50 187.40 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 107.48 187.40 Td (of ) Tj ET Q q 0 0 0 rg BT 116.14 187.40 Td (monetary ) Tj ET Q q 0 0 0 rg BT 148.36 187.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 169.02 187.40 Td (and ) Tj ET Q q 0 0 0 rg BT 182.57 187.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 214.34 187.40 Td (denominated ) Tj ET Q q 0 0 0 rg BT 257.66 187.40 Td (in ) Tj ET Q q 0 0 0 rg BT 265.89 187.40 Td (currencies ) Tj ET Q q 0 0 0 rg BT 300.75 187.40 Td (other ) Tj ET Q q 0 0 0 rg BT 319.19 187.40 Td (than ) Tj ET Q q 0 0 0 rg BT 334.96 187.40 Td (the ) Tj ET Q q 0 0 0 rg BT 346.74 187.40 Td (local ) Tj ET Q q 0 0 0 rg BT 364.29 187.40 Td (functional ) Tj ET Q q 0 0 0 rg BT 398.72 187.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 428.70 187.40 Td (of ) Tj ET Q q 0 0 0 rg BT 437.36 187.40 Td (the ) Tj ET Q q 0 0 0 rg BT 449.14 187.40 Td (relevant ) Tj ET Q q 0 0 0 rg BT 476.90 187.40 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 509.27 187.40 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 171.80 Td (Change ) Tj ET Q q 0 0 0 rg BT 77.45 171.80 Td (in ) Tj ET Q q 0 0 0 rg BT 85.85 171.80 Td (fair) Tj ET Q q 0 0 0 rg BT 98.14 171.80 Td ( ) Tj ET Q q 0 0 0 rg BT 99.87 171.80 Td (value ) Tj ET Q q 0 0 0 rg BT 119.81 171.80 Td (of ) Tj ET Q q 0 0 0 rg BT 128.20 171.80 Td (derivatives:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 168.19 171.80 Td ( ) Tj ET Q q 0 0 0 rg BT 169.91 171.80 Td (During ) Tj ET Q q 0 0 0 rg BT 194.30 171.80 Td (2018, ) Tj ET Q q 0 0 0 rg BT 214.03 171.80 Td (we ) Tj ET Q q 0 0 0 rg BT 225.08 171.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 261.89 171.80 Td (a ) Tj ET Q q 0 0 0 rg BT 267.17 171.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 281.34 171.80 Td (as ) Tj ET Q q 0 0 0 rg BT 289.73 171.80 Td (a ) Tj ET Q q 0 0 0 rg BT 295.01 171.80 Td (result ) Tj ET Q q 0 0 0 rg BT 314.51 171.80 Td (of ) Tj ET Q q 0 0 0 rg BT 322.89 171.80 Td (the ) Tj ET Q q 0 0 0 rg BT 334.39 171.80 Td (change ) Tj ET Q q 0 0 0 rg BT 358.77 171.80 Td (in ) Tj ET Q q 0 0 0 rg BT 366.72 171.80 Td (the ) Tj ET Q q 0 0 0 rg BT 378.21 171.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 391.04 171.80 Td (value ) Tj ET Q q 0 0 0 rg BT 410.09 171.80 Td (of ) Tj ET Q q 0 0 0 rg BT 418.48 171.80 Td (our ) Tj ET Q q 0 0 0 rg BT 430.87 171.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 456.14 171.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 469.85 171.80 Td (swaps ) Tj ET Q q 0 0 0 rg BT 491.13 171.80 Td (that ) Tj ET Q q 0 0 0 rg BT 504.85 171.80 Td (are ) Tj ET Q q 0 0 0 rg BT 516.34 171.80 Td (not ) Tj ET Q q 0 0 0 rg BT 528.29 171.80 Td (designated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 162.20 Td (as ) Tj ET Q q 0 0 0 rg BT 58.16 162.20 Td (hedging ) Tj ET Q q 0 0 0 rg BT 85.94 162.20 Td (instruments. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 146.60 Td (During ) Tj ET Q q 0 0 0 rg BT 74.22 146.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 94.27 146.60 Td (we ) Tj ET Q q 0 0 0 rg BT 105.65 146.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 142.80 146.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 163.96 146.60 Td (as ) Tj ET Q q 0 0 0 rg BT 172.68 146.60 Td (a ) Tj ET Q q 0 0 0 rg BT 178.29 146.60 Td (result ) Tj ET Q q 0 0 0 rg BT 198.11 146.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.83 146.60 Td (the ) Tj ET Q q 0 0 0 rg BT 218.66 146.60 Td (change ) Tj ET Q q 0 0 0 rg BT 243.36 146.60 Td (in ) Tj ET Q q 0 0 0 rg BT 251.64 146.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 264.80 146.60 Td (value ) Tj ET Q q 0 0 0 rg BT 284.17 146.60 Td (of ) Tj ET Q q 0 0 0 rg BT 292.89 146.60 Td (our ) Tj ET Q q 0 0 0 rg BT 305.61 146.60 Td (USD/EUR ) Tj ET Q q 0 0 0 rg BT 341.89 146.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 367.04 146.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 397.08 146.60 Td (forward ) Tj ET Q q 0 0 0 rg BT 424.45 146.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 455.38 146.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 480.97 146.60 Td (into ) Tj ET Q q 0 0 0 rg BT 495.47 146.60 Td (on ) Tj ET Q q 0 0 0 rg BT 505.53 146.60 Td (January ) Tj ET Q q 0 0 0 rg BT 532.46 146.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 544.51 146.60 Td (2017, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 137.00 Td (May ) Tj ET Q q 0 0 0 rg BT 66.16 137.00 Td (16, ) Tj ET Q q 0 0 0 rg BT 78.16 137.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 96.16 137.00 Td (and ) Tj ET Q q 0 0 0 rg BT 109.71 137.00 Td (July ) Tj ET Q q 0 0 0 rg BT 125.05 137.00 Td (21, ) Tj ET Q q 0 0 0 rg BT 137.05 137.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 155.05 137.00 Td (as ) Tj ET Q q 0 0 0 rg BT 163.71 137.00 Td (well ) Tj ET Q q 0 0 0 rg BT 179.49 137.00 Td (as ) Tj ET Q q 0 0 0 rg BT 188.15 137.00 Td (the ) Tj ET Q q 0 0 0 rg BT 199.93 137.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 225.47 137.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 239.46 137.00 Td (swaps ) Tj ET Q q 0 0 0 rg BT 261.02 137.00 Td (we ) Tj ET Q q 0 0 0 rg BT 272.34 137.00 Td (use ) Tj ET Q q 0 0 0 rg BT 285.01 137.00 Td (as ) Tj ET Q q 0 0 0 rg BT 293.67 137.00 Td (hedging ) Tj ET Q q 0 0 0 rg BT 321.45 137.00 Td (instruments ) Tj ET Q q 0 0 0 rg BT 360.78 137.00 Td (for ) Tj ET Q q 0 0 0 rg BT 372.11 137.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 397.65 137.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 430.31 137.00 Td (on ) Tj ET Q q 0 0 0 rg BT 440.31 137.00 Td (the ) Tj ET Q q 0 0 0 rg BT 452.09 137.00 Td (2019 ) Tj ET Q q 0 0 0 rg BT 470.09 137.00 Td (Euro ) Tj ET Q q 0 0 0 rg BT 487.64 137.00 Td (Loan. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 121.40 Td (During ) Tj ET Q q 0 0 0 rg BT 74.03 121.40 Td (2016, ) Tj ET Q q 0 0 0 rg BT 93.90 121.40 Td (we ) Tj ET Q q 0 0 0 rg BT 105.10 121.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 142.05 121.40 Td (a ) Tj ET Q q 0 0 0 rg BT 147.47 121.40 Td (net ) Tj ET Q q 0 0 0 rg BT 159.12 121.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 173.43 121.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 205.07 121.40 Td (due ) Tj ET Q q 0 0 0 rg BT 218.49 121.40 Td (to ) Tj ET Q q 0 0 0 rg BT 226.58 121.40 Td (a ) Tj ET Q q 0 0 0 rg BT 232.00 121.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 246.32 121.40 Td (on ) Tj ET Q q 0 0 0 rg BT 256.18 121.40 Td (USD/EUR ) Tj ET Q q 0 0 0 rg BT 292.28 121.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 317.25 121.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 347.10 121.40 Td (forward ) Tj ET Q q 0 0 0 rg BT 374.29 121.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 405.03 121.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 430.44 121.40 Td (into ) Tj ET Q q 0 0 0 rg BT 444.75 121.40 Td (in ) Tj ET Q q 0 0 0 rg BT 452.84 121.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 489.81 121.40 Td (with ) Tj ET Q q 0 0 0 rg BT 505.90 121.40 Td (the ) Tj ET Q q 0 0 0 rg BT 517.54 121.40 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 555.83 121.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 111.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 111.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 79.27 111.80 Td (PIK ) Tj ET Q q 0 0 0 rg BT 94.16 111.80 Td (Notes ) Tj ET Q q 0 0 0 rg BT 114.83 111.80 Td (and ) Tj ET Q q 0 0 0 rg BT 128.38 111.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 146.23 111.80 Td (T) Tj ET Q q 0 0 0 rg BT 150.56 111.80 Td (erm ) Tj ET Q q 0 0 0 rg BT 165.00 111.80 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 185.44 111.80 Td (See ) Tj ET Q q 0 0 0 rg BT 198.99 111.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 215.65 111.80 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 223.65 111.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 241.20 111.80 Td (14, ) Tj ET Q q 0 0 0 rg BT 253.20 111.80 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 288.23 111.80 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 328.01 111.80 Td (and ) Tj ET Q q 0 0 0 rg BT 341.56 111.80 Td (Fair ) Tj ET Q q 0 0 0 rg BT 356.30 111.80 Td (V) Tj ET Q q 0 0 0 rg BT 361.19 111.80 Td (alue ) Tj ET Q q 0 0 0 rg BT 376.52 111.80 Td (Measurements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.43 111.80 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 96.20 Td (Other) Tj ET Q q 0 0 0 rg BT 69.79 96.20 Td ( ) Tj ET Q q 0 0 0 rg BT 71.79 96.20 Td (income, ) Tj ET Q q 0 0 0 rg BT 100.23 96.20 Td (net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 110.89 96.20 Td (:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.56 96.20 Td ( ) Tj ET Q q 0 0 0 rg BT 115.56 96.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 130.00 96.20 Td (other ) Tj ET Q q 0 0 0 rg BT 148.44 96.20 Td (income ) Tj ET Q q 0 0 0 rg BT 173.98 96.20 Td (/ ) Tj ET Q q 0 0 0 rg BT 178.21 96.20 Td (expense, ) Tj ET Q q 0 0 0 rg BT 207.97 96.20 Td (net ) Tj ET Q q 0 0 0 rg BT 219.75 96.20 Td (was ) Tj ET Q q 0 0 0 rg BT 234.19 96.20 Td (not ) Tj ET Q q 0 0 0 rg BT 246.41 96.20 Td (material.) Tj ET Q endstream endobj 63 0 obj <>] /Rotate 0 /Contents 64 0 R>> endobj 64 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (28) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.79 723.60 Td (ovision ) Tj ET Q q 0 0 0 rg BT 83.81 723.60 Td (for) Tj ET Q q 0 0 0 rg BT 93.88 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 95.88 723.60 Td (income ) Tj ET Q q 0 0 0 rg BT 122.33 723.60 Td (taxes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 139.66 723.60 Td (:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.32 723.60 Td () Tj ET Q q 0 0 0 rg BT 144.18 723.60 Td (The ) Tj ET Q q 0 0 0 rg BT 158.62 723.60 Td (provision ) Tj ET Q q 0 0 0 rg BT 190.85 723.60 Td (for ) Tj ET Q q 0 0 0 rg BT 202.19 723.60 Td (income ) Tj ET Q q 0 0 0 rg BT 227.74 723.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 246.18 723.60 Td (during ) Tj ET Q q 0 0 0 rg BT 269.08 723.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 287.08 723.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 312.63 723.60 Td (income ) Tj ET Q q 0 0 0 rg BT 338.18 723.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 349.96 723.60 Td (char) Tj ET Q q 0 0 0 rg BT 363.58 723.60 Td (ges ) Tj ET Q q 0 0 0 rg BT 376.26 723.60 Td (on ) Tj ET Q q 0 0 0 rg BT 386.26 723.60 Td (profits ) Tj ET Q q 0 0 0 rg BT 409.16 723.60 Td (in ) Tj ET Q q 0 0 0 rg BT 417.39 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 429.17 723.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 451.16 723.60 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 484.05 723.60 Td (Romania ) Tj ET Q q 0 0 0 rg BT 514.94 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 528.50 723.60 Td (the ) Tj ET Q q 0 0 0 rg BT 540.28 723.60 Td (Slovak ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 714.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 80.38 714.00 Td (and ) Tj ET Q q 0 0 0 rg BT 93.93 714.00 Td (the ) Tj ET Q q 0 0 0 rg BT 105.71 714.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 129.48 714.00 Td (of ) Tj ET Q q 0 0 0 rg BT 138.14 714.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 149.91 714.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 171.03 714.00 Td (on ) Tj ET Q q 0 0 0 rg BT 181.03 714.00 Td (which ) Tj ET Q q 0 0 0 rg BT 202.58 714.00 Td (no ) Tj ET Q q 0 0 0 rg BT 212.58 714.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 224.35 714.00 Td (benefit ) Tj ET Q q 0 0 0 rg BT 248.56 714.00 Td (has ) Tj ET Q q 0 0 0 rg BT 261.23 714.00 Td (been ) Tj ET Q q 0 0 0 rg BT 278.33 714.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 315.42 714.00 Td (of) Tj ET Q q 0 0 0 rg BT 321.94 714.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 335.49 714.00 Td (by ) Tj ET Q q 0 0 0 rg BT 345.49 714.00 Td (the ) Tj ET Q q 0 0 0 rg BT 357.26 714.00 Td (release ) Tj ET Q q 0 0 0 rg BT 381.46 714.00 Td (of ) Tj ET Q q 0 0 0 rg BT 390.13 714.00 Td (a ) Tj ET Q q 0 0 0 rg BT 395.68 714.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 427.45 714.00 Td (allowance ) Tj ET Q q 0 0 0 rg BT 461.88 714.00 Td (in ) Tj ET Q q 0 0 0 rg BT 470.10 714.00 Td (Slovenia.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.40 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 698.40 Td (provision ) Tj ET Q q 0 0 0 rg BT 96.16 698.40 Td (for ) Tj ET Q q 0 0 0 rg BT 107.49 698.40 Td (income ) Tj ET Q q 0 0 0 rg BT 133.04 698.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 151.47 698.40 Td (during ) Tj ET Q q 0 0 0 rg BT 174.36 698.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 192.36 698.40 Td (is ) Tj ET Q q 0 0 0 rg BT 199.70 698.40 Td (principally ) Tj ET Q q 0 0 0 rg BT 236.35 698.40 Td (comprised ) Tj ET Q q 0 0 0 rg BT 271.68 698.40 Td (of ) Tj ET Q q 0 0 0 rg BT 280.34 698.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 292.11 698.40 Td (char) Tj ET Q q 0 0 0 rg BT 305.73 698.40 Td (ges ) Tj ET Q q 0 0 0 rg BT 318.40 698.40 Td (on ) Tj ET Q q 0 0 0 rg BT 328.40 698.40 Td (profits ) Tj ET Q q 0 0 0 rg BT 351.29 698.40 Td (in ) Tj ET Q q 0 0 0 rg BT 359.51 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 371.28 698.40 Td (Czech ) Tj ET Q q 0 0 0 rg BT 393.27 698.40 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 426.15 698.40 Td (Romania ) Tj ET Q q 0 0 0 rg BT 457.04 698.40 Td (and ) Tj ET Q q 0 0 0 rg BT 470.59 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 482.36 698.40 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 506.58 698.40 Td (Republic.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 682.80 Td (The ) Tj ET Q q 0 0 0 rg BT 64.04 682.80 Td (provision ) Tj ET Q q 0 0 0 rg BT 96.37 682.80 Td (for ) Tj ET Q q 0 0 0 rg BT 107.80 682.80 Td (income ) Tj ET Q q 0 0 0 rg BT 133.45 682.80 Td (taxes ) Tj ET Q q 0 0 0 rg BT 151.99 682.80 Td (during ) Tj ET Q q 0 0 0 rg BT 174.97 682.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 193.08 682.80 Td (reflects ) Tj ET Q q 0 0 0 rg BT 218.72 682.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 230.59 682.80 Td (char) Tj ET Q q 0 0 0 rg BT 244.22 682.80 Td (ges ) Tj ET Q q 0 0 0 rg BT 256.98 682.80 Td (on ) Tj ET Q q 0 0 0 rg BT 267.08 682.80 Td (profits ) Tj ET Q q 0 0 0 rg BT 290.07 682.80 Td (in ) Tj ET Q q 0 0 0 rg BT 298.40 682.80 Td (the ) Tj ET Q q 0 0 0 rg BT 310.28 682.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 332.37 682.80 Td (Republic ) Tj ET Q q 0 0 0 rg BT 363.35 682.80 Td (and ) Tj ET Q q 0 0 0 rg BT 377.00 682.80 Td (Romania ) Tj ET Q q 0 0 0 rg BT 407.99 682.80 Td (of) Tj ET Q q 0 0 0 rg BT 414.51 682.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 428.16 682.80 Td (by ) Tj ET Q q 0 0 0 rg BT 438.27 682.80 Td (the ) Tj ET Q q 0 0 0 rg BT 450.14 682.80 Td (release ) Tj ET Q q 0 0 0 rg BT 474.45 682.80 Td (of ) Tj ET Q q 0 0 0 rg BT 483.21 682.80 Td (the ) Tj ET Q q 0 0 0 rg BT 495.09 682.80 Td (valuation ) Tj ET Q q 0 0 0 rg BT 526.96 682.80 Td (allowances ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 673.20 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 673.20 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 87.27 673.20 Td (and ) Tj ET Q q 0 0 0 rg BT 100.82 673.20 Td (the ) Tj ET Q q 0 0 0 rg BT 112.59 673.20 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 136.82 673.20 Td (Republic.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 657.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.90 657.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 96.07 657.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 135.80 657.60 Td (are ) Tj ET Q q 0 0 0 rg BT 147.52 657.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 172.14 657.60 Td (to ) Tj ET Q q 0 0 0 rg BT 180.32 657.60 Td (income ) Tj ET Q q 0 0 0 rg BT 205.83 657.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 224.22 657.60 Td (at ) Tj ET Q q 0 0 0 rg BT 231.95 657.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 261.91 657.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 278.97 657.60 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.59 657.60 Td (10%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.25 657.60 Td ( ) Tj ET Q q 0 0 0 rg BT 304.21 657.60 Td (in ) Tj ET Q q 0 0 0 rg BT 312.39 657.60 Td (Bulgaria, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.90 657.60 Td (16%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.56 657.60 Td ( ) Tj ET Q q 0 0 0 rg BT 360.52 657.60 Td (in ) Tj ET Q q 0 0 0 rg BT 368.70 657.60 Td (Romania, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.54 657.60 Td (19%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.21 657.60 Td ( ) Tj ET Q q 0 0 0 rg BT 418.16 657.60 Td (in ) Tj ET Q q 0 0 0 rg BT 426.34 657.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.08 657.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 460.02 657.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 490.86 657.60 Td (and ) Tj ET Q q 0 0 0 rg BT 504.37 657.60 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 534.33 657.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.83 657.60 Td (21%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 562.50 657.60 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 648.00 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 648.00 Td (the ) Tj ET Q q 0 0 0 rg BT 69.50 648.00 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 93.72 648.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 124.60 648.00 Td (\(see ) Tj ET Q q 0 0 0 rg BT 139.48 648.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 156.14 648.00 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.14 648.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 181.69 648.00 Td (18, ) Tj ET Q q 0 0 0 rg BT 193.69 648.00 Td ("Income ) Tj ET Q q 0 0 0 rg BT 222.80 648.00 Td (T) Tj ET Q q 0 0 0 rg BT 227.13 648.00 Td (axes") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.61 648.00 Td (\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 632.40 Td (Income ) Tj ET Q q 0 0 0 rg BT 77.32 632.40 Td (/ ) Tj ET Q q 0 0 0 rg BT 82.04 632.40 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 102.30 632.40 Td (fr) Tj ET Q q 0 0 0 rg BT 108.38 632.40 Td (om ) Tj ET Q q 0 0 0 rg BT 121.53 632.40 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 167.59 632.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 208.09 632.40 Td (net ) Tj ET Q q 0 0 0 rg BT 221.24 632.40 Td (of ) Tj ET Q q 0 0 0 rg BT 230.40 632.40 Td (tax) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.06 632.40 Td (: ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.22 632.40 Td (Income ) Tj ET Q q 0 0 0 rg BT 272.70 632.40 Td (from ) Tj ET Q q 0 0 0 rg BT 290.74 632.40 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 334.12 632.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 371.93 632.40 Td (net ) Tj ET Q q 0 0 0 rg BT 384.20 632.40 Td (of ) Tj ET Q q 0 0 0 rg BT 393.36 632.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 405.62 632.40 Td (for ) Tj ET Q q 0 0 0 rg BT 417.44 632.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 435.93 632.40 Td (is ) Tj ET Q q 0 0 0 rg BT 443.76 632.40 Td (comprised ) Tj ET Q q 0 0 0 rg BT 479.58 632.40 Td (of ) Tj ET Q q 0 0 0 rg BT 488.73 632.40 Td (the ) Tj ET Q q 0 0 0 rg BT 501.00 632.40 Td (gain ) Tj ET Q q 0 0 0 rg BT 517.27 632.40 Td (on ) Tj ET Q q 0 0 0 rg BT 527.76 632.40 Td (sale ) Tj ET Q q 0 0 0 rg BT 542.69 632.40 Td (of ) Tj ET Q q 0 0 0 rg BT 551.84 632.40 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 622.80 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 78.82 622.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 115.91 622.80 Td (the ) Tj ET Q q 0 0 0 rg BT 127.46 622.80 Td (results ) Tj ET Q q 0 0 0 rg BT 150.12 622.80 Td (of ) Tj ET Q q 0 0 0 rg BT 158.55 622.80 Td (the ) Tj ET Q q 0 0 0 rg BT 170.10 622.80 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 199.42 622.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 234.51 622.80 Td (through ) Tj ET Q q 0 0 0 rg BT 261.17 622.80 Td (the ) Tj ET Q q 0 0 0 rg BT 272.71 622.80 Td (date ) Tj ET Q q 0 0 0 rg BT 287.81 622.80 Td (of ) Tj ET Q q 0 0 0 rg BT 296.25 622.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 310.46 622.80 Td (and ) Tj ET Q q 0 0 0 rg BT 323.78 622.80 Td (the ) Tj ET Q q 0 0 0 rg BT 335.32 622.80 Td (allocation ) Tj ET Q q 0 0 0 rg BT 368.64 622.80 Td (of ) Tj ET Q q 0 0 0 rg BT 377.07 622.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 402.39 622.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 429.93 622.80 Td (and ) Tj ET Q q 0 0 0 rg BT 443.25 622.80 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 477.89 622.80 Td (Fees ) Tj ET Q q 0 0 0 rg BT 494.32 622.80 Td (and ) Tj ET Q q 0 0 0 rg BT 507.65 622.80 Td (transaction ) Tj ET Q q 0 0 0 rg BT 544.52 622.80 Td (costs. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 613.20 Td (Loss ) Tj ET Q q 0 0 0 rg BT 66.58 613.20 Td (from ) Tj ET Q q 0 0 0 rg BT 84.09 613.20 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 126.94 613.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 164.23 613.20 Td (net ) Tj ET Q q 0 0 0 rg BT 175.96 613.20 Td (of ) Tj ET Q q 0 0 0 rg BT 184.59 613.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 196.33 613.20 Td (for ) Tj ET Q q 0 0 0 rg BT 207.62 613.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 225.58 613.20 Td (and ) Tj ET Q q 0 0 0 rg BT 239.10 613.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 257.06 613.20 Td (is ) Tj ET Q q 0 0 0 rg BT 264.36 613.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 296.10 613.20 Td (comprised ) Tj ET Q q 0 0 0 rg BT 331.38 613.20 Td (of ) Tj ET Q q 0 0 0 rg BT 340.01 613.20 Td (the ) Tj ET Q q 0 0 0 rg BT 351.75 613.20 Td (operational ) Tj ET Q q 0 0 0 rg BT 389.70 613.20 Td (results ) Tj ET Q q 0 0 0 rg BT 412.55 613.20 Td (of ) Tj ET Q q 0 0 0 rg BT 421.18 613.20 Td (the ) Tj ET Q q 0 0 0 rg BT 432.91 613.20 Td (Croatia ) Tj ET Q q 0 0 0 rg BT 458.42 613.20 Td (segment ) Tj ET Q q 0 0 0 rg BT 487.05 613.20 Td (including ) Tj ET Q q 0 0 0 rg BT 519.23 613.20 Td (the ) Tj ET Q q 0 0 0 rg BT 530.97 613.20 Td (allocation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 603.60 Td (of ) Tj ET Q q 0 0 0 rg BT 58.13 603.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 83.65 603.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 111.39 603.60 Td (and ) Tj ET Q q 0 0 0 rg BT 124.91 603.60 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 159.75 603.60 Td (Fees ) Tj ET Q q 0 0 0 rg BT 176.38 603.60 Td (from ) Tj ET Q q 0 0 0 rg BT 193.90 603.60 Td (the ) Tj ET Q q 0 0 0 rg BT 205.65 603.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 223.62 603.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 241.14 603.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 259.55 603.60 Td (and ) Tj ET Q q 0 0 0 rg BT 273.07 603.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 310.14 603.60 Td (costs. ) Tj ET Q q 0 0 0 rg BT 330.11 603.60 Td (See ) Tj ET Q q 0 0 0 rg BT 343.63 603.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 360.26 603.60 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.23 603.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 385.75 603.60 Td (3, ) Tj ET Q q 0 0 0 rg BT 393.72 603.60 Td ("Discontinued ) Tj ET Q q 0 0 0 rg BT 441.62 603.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 478.69 603.60 Td (and ) Tj ET Q q 0 0 0 rg BT 491.78 603.60 Td (Assets ) Tj ET Q q 0 0 0 rg BT 514.64 603.60 Td (Held ) Tj ET Q q 0 0 0 rg BT 532.16 603.60 Td (for ) Tj ET Q q 0 0 0 rg BT 543.46 603.60 Td (Sale") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 560.50 603.60 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 588.00 Td (Net ) Tj ET Q q 0 0 0 rg BT 62.64 588.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 76.23 588.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 118.27 588.00 Td (to ) Tj ET Q q 0 0 0 rg BT 126.08 588.00 Td (noncontr) Tj ET Q q 0 0 0 rg BT 157.05 588.00 Td (olling ) Tj ET Q q 0 0 0 rg BT 177.31 588.00 Td (inter) Tj ET Q q 0 0 0 rg BT 193.60 588.00 Td (ests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.04 588.00 Td (:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.71 588.00 Td () Tj ET Q q 0 0 0 rg BT 210.56 588.00 Td (The ) Tj ET Q q 0 0 0 rg BT 224.15 588.00 Td (results ) Tj ET Q q 0 0 0 rg BT 246.18 588.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 283.76 588.00 Td (to ) Tj ET Q q 0 0 0 rg BT 291.13 588.00 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 339.38 588.00 Td (interests ) Tj ET Q q 0 0 0 rg BT 367.19 588.00 Td (relate ) Tj ET Q q 0 0 0 rg BT 386.09 588.00 Td (to ) Tj ET Q q 0 0 0 rg BT 393.46 588.00 Td (the ) Tj ET Q q 0 0 0 rg BT 404.38 588.00 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 452.63 588.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 477.33 588.00 Td (share ) Tj ET Q q 0 0 0 rg BT 495.35 588.00 Td (of ) Tj ET Q q 0 0 0 rg BT 503.16 588.00 Td (the ) Tj ET Q q 0 0 0 rg BT 514.08 588.00 Td (comprehensive ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 578.40 Td (profits ) Tj ET Q q 0 0 0 rg BT 72.39 578.40 Td (and ) Tj ET Q q 0 0 0 rg BT 85.94 578.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 107.05 578.40 Td (in ) Tj ET Q q 0 0 0 rg BT 115.27 578.40 Td (our ) Tj ET Q q 0 0 0 rg BT 127.94 578.40 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 157.48 578.40 Td (operations.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 562.80 Td (Other) Tj ET Q q 0 0 0 rg BT 69.79 562.80 Td ( ) Tj ET Q q 0 0 0 rg BT 71.79 562.80 Td (compr) Tj ET Q q 0 0 0 rg BT 93.86 562.80 Td (ehensive ) Tj ET Q q 0 0 0 rg BT 124.75 562.80 Td (income ) Tj ET Q q 0 0 0 rg BT 151.19 562.80 Td (/ ) Tj ET Q q 0 0 0 rg BT 155.41 562.80 Td (loss:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 526.30 223.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.00 526.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 526.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 526.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 526.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 526.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 526.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 526.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 526.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 526.30 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 526.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 526.30 45.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 272 539.3 m 317 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317 539.3 m 321 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321 539.3 m 366 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366 539.3 m 370 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 539.3 m 415 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415 539.3 m 419 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 539.3 m 464 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464 539.3 m 468 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 539.3 m 513 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 539.3 m 517 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 539.3 m 562 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 272 539.3 m 317 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 272 526.3 m 317 526.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321 539.3 m 366 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321 526.3 m 366 526.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 526.3 m 415 526.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 539.3 m 464 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 526.3 m 464 526.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 539.3 m 513 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 526.3 m 513 526.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 539.3 m 562 539.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 526.3 m 562 526.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 272 526.3 m 317 526.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321 526.3 m 366 526.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 526.3 m 415 526.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 526.3 m 464 526.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 526.3 m 513 526.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 526.3 m 562 526.3 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 543.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.15 543.53 Td (For) Tj ET Q q 0 0 0 rg BT 349.44 543.53 Td ( ) Tj ET Q q 0 0 0 rg BT 351.30 543.53 Td (The ) Tj ET Q q 0 0 0 rg BT 366.34 543.53 Td (Y) Tj ET Q q 0 0 0 rg BT 371.23 543.53 Td (ear) Tj ET Q q 0 0 0 rg BT 382.19 543.53 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 442.92 543.53 Td ( 31, \(US$ 000's\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 530.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.50 530.53 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.50 530.53 Td (2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 392.00 530.53 Td (% ) Tj ET Q q 0 0 0 rg BT 400.52 530.53 Td (Act) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 530.53 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.50 530.53 Td (2016) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 539.00 530.53 Td (% ) Tj ET Q q 0 0 0 rg BT 547.37 530.53 Td (Act) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 517.55 Td (Currency translation adjustment, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.50 517.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.10 517.55 Td (\(23,050) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.80 517.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 517.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.75 517.55 Td (54,368) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.40 517.55 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 405.40 521.17 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.50 517.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 517.55 Td (54,368) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.50 517.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.75 517.55 Td (1,649) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.40 517.55 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 552.40 521.17 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 504.55 Td (Unrealized \(loss\) / gain on derivative instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.10 504.55 Td (\(5,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.80 504.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.75 504.55 Td (1,269) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.40 504.55 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 405.40 508.17 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.75 504.55 Td (1,269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.10 504.55 Td (\(3,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.80 504.55 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.40 504.55 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 552.40 508.17 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 491.82 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 488.20 Td (Number is not meaningful.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 472.60 Td (Curr) Tj ET Q q 0 0 0 rg BT 66.68 472.60 Td (ency ) Tj ET Q q 0 0 0 rg BT 83.95 472.60 Td (translation ) Tj ET Q q 0 0 0 rg BT 123.00 472.60 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 165.39 472.60 Td (net:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.71 472.60 Td () Tj ET Q q 0 0 0 rg BT 180.57 472.60 Td (The ) Tj ET Q q 0 0 0 rg BT 194.72 472.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 231.10 472.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 252.81 472.60 Td (value ) Tj ET Q q 0 0 0 rg BT 271.85 472.60 Td (of ) Tj ET Q q 0 0 0 rg BT 280.23 472.60 Td (our ) Tj ET Q q 0 0 0 rg BT 292.61 472.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 332.54 472.60 Td (\(which ) Tj ET Q q 0 0 0 rg BT 356.48 472.60 Td (are ) Tj ET Q q 0 0 0 rg BT 367.96 472.60 Td (denominated ) Tj ET Q q 0 0 0 rg BT 410.99 472.60 Td (in ) Tj ET Q q 0 0 0 rg BT 418.93 472.60 Td (the ) Tj ET Q q 0 0 0 rg BT 430.42 472.60 Td (functional ) Tj ET Q q 0 0 0 rg BT 464.57 472.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 494.27 472.60 Td (of ) Tj ET Q q 0 0 0 rg BT 502.65 472.60 Td (the ) Tj ET Q q 0 0 0 rg BT 514.14 472.60 Td (relevant ) Tj ET Q q 0 0 0 rg BT 541.61 472.60 Td (entity\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 463.00 Td (are ) Tj ET Q q 0 0 0 rg BT 61.67 463.00 Td (converted ) Tj ET Q q 0 0 0 rg BT 95.61 463.00 Td (into ) Tj ET Q q 0 0 0 rg BT 110.46 463.00 Td (dollars ) Tj ET Q q 0 0 0 rg BT 134.64 463.00 Td (at ) Tj ET Q q 0 0 0 rg BT 142.81 463.00 Td (each ) Tj ET Q q 0 0 0 rg BT 159.87 463.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 186.70 463.00 Td (sheet ) Tj ET Q q 0 0 0 rg BT 205.54 463.00 Td (date, ) Tj ET Q q 0 0 0 rg BT 223.27 463.00 Td (with ) Tj ET Q q 0 0 0 rg BT 239.89 463.00 Td (any ) Tj ET Q q 0 0 0 rg BT 253.85 463.00 Td (change ) Tj ET Q q 0 0 0 rg BT 278.90 463.00 Td (in ) Tj ET Q q 0 0 0 rg BT 287.53 463.00 Td (value ) Tj ET Q q 0 0 0 rg BT 307.26 463.00 Td (of ) Tj ET Q q 0 0 0 rg BT 316.32 463.00 Td (the ) Tj ET Q q 0 0 0 rg BT 328.50 463.00 Td (underlying ) Tj ET Q q 0 0 0 rg BT 365.56 463.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 386.63 463.00 Td (and ) Tj ET Q q 0 0 0 rg BT 400.58 463.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 432.76 463.00 Td (being ) Tj ET Q q 0 0 0 rg BT 452.94 463.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 483.32 463.00 Td (as ) Tj ET Q q 0 0 0 rg BT 492.39 463.00 Td (a ) Tj ET Q q 0 0 0 rg BT 498.34 463.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 528.73 463.00 Td (translation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 453.40 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 86.54 453.40 Td (to ) Tj ET Q q 0 0 0 rg BT 94.69 453.40 Td (the ) Tj ET Q q 0 0 0 rg BT 106.39 453.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 132.75 453.40 Td (sheet ) Tj ET Q q 0 0 0 rg BT 151.11 453.40 Td (rather ) Tj ET Q q 0 0 0 rg BT 171.70 453.40 Td (than ) Tj ET Q q 0 0 0 rg BT 187.40 453.40 Td (net ) Tj ET Q q 0 0 0 rg BT 199.10 453.40 Td (income ) Tj ET Q q 0 0 0 rg BT 224.58 453.40 Td (/ ) Tj ET Q q 0 0 0 rg BT 228.73 453.40 Td (loss. ) Tj ET Q q 0 0 0 rg BT 245.11 453.40 Td (Certain ) Tj ET Q q 0 0 0 rg BT 270.59 453.40 Td (of ) Tj ET Q q 0 0 0 rg BT 279.18 453.40 Td (our ) Tj ET Q q 0 0 0 rg BT 291.77 453.40 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 337.69 453.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 356.50 453.40 Td (are ) Tj ET Q q 0 0 0 rg BT 368.20 453.40 Td (denominated ) Tj ET Q q 0 0 0 rg BT 411.45 453.40 Td (in ) Tj ET Q q 0 0 0 rg BT 419.60 453.40 Td (currencies ) Tj ET Q q 0 0 0 rg BT 454.40 453.40 Td (other ) Tj ET Q q 0 0 0 rg BT 472.77 453.40 Td (than ) Tj ET Q q 0 0 0 rg BT 488.47 453.40 Td (the ) Tj ET Q q 0 0 0 rg BT 500.17 453.40 Td (functional ) Tj ET Q q 0 0 0 rg BT 534.54 453.40 Td (currency ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 443.80 Td (of ) Tj ET Q q 0 0 0 rg BT 57.81 443.80 Td (the ) Tj ET Q q 0 0 0 rg BT 69.24 443.80 Td (lender ) Tj ET Q q 0 0 0 rg BT 90.87 443.80 Td (and ) Tj ET Q q 0 0 0 rg BT 104.07 443.80 Td (are ) Tj ET Q q 0 0 0 rg BT 115.49 443.80 Td (considered ) Tj ET Q q 0 0 0 rg BT 151.79 443.80 Td (to ) Tj ET Q q 0 0 0 rg BT 159.66 443.80 Td (be ) Tj ET Q q 0 0 0 rg BT 168.86 443.80 Td (of ) Tj ET Q q 0 0 0 rg BT 177.18 443.80 Td (a ) Tj ET Q q 0 0 0 rg BT 182.38 443.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 215.57 443.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 252.33 443.80 Td (nature ) Tj ET Q q 0 0 0 rg BT 273.97 443.80 Td (as ) Tj ET Q q 0 0 0 rg BT 282.28 443.80 Td (the ) Tj ET Q q 0 0 0 rg BT 293.70 443.80 Td (repayment ) Tj ET Q q 0 0 0 rg BT 329.11 443.80 Td (of ) Tj ET Q q 0 0 0 rg BT 337.43 443.80 Td (these ) Tj ET Q q 0 0 0 rg BT 355.51 443.80 Td (loans ) Tj ET Q q 0 0 0 rg BT 374.05 443.80 Td (is ) Tj ET Q q 0 0 0 rg BT 381.04 443.80 Td (neither ) Tj ET Q q 0 0 0 rg BT 404.90 443.80 Td (planned ) Tj ET Q q 0 0 0 rg BT 431.87 443.80 Td (nor ) Tj ET Q q 0 0 0 rg BT 444.18 443.80 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 480.93 443.80 Td (for ) Tj ET Q q 0 0 0 rg BT 491.90 443.80 Td (the ) Tj ET Q q 0 0 0 rg BT 503.33 443.80 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 541.39 443.80 Td (future. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 434.20 Td (The ) Tj ET Q q 0 0 0 rg BT 63.51 434.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 88.19 434.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 119.96 434.20 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 139.31 434.20 Td (/ ) Tj ET Q q 0 0 0 rg BT 143.11 434.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 158.46 434.20 Td (on ) Tj ET Q q 0 0 0 rg BT 168.03 434.20 Td (the ) Tj ET Q q 0 0 0 rg BT 179.38 434.20 Td (remeasurement ) Tj ET Q q 0 0 0 rg BT 229.81 434.20 Td (of ) Tj ET Q q 0 0 0 rg BT 238.05 434.20 Td (these ) Tj ET Q q 0 0 0 rg BT 256.06 434.20 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 301.62 434.20 Td (loans ) Tj ET Q q 0 0 0 rg BT 320.08 434.20 Td (to ) Tj ET Q q 0 0 0 rg BT 327.87 434.20 Td (the ) Tj ET Q q 0 0 0 rg BT 339.22 434.20 Td (lender's ) Tj ET Q q 0 0 0 rg BT 365.34 434.20 Td (functional ) Tj ET Q q 0 0 0 rg BT 399.34 434.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 428.90 434.20 Td (are ) Tj ET Q q 0 0 0 rg BT 440.24 434.20 Td (treated ) Tj ET Q q 0 0 0 rg BT 463.57 434.20 Td (in ) Tj ET Q q 0 0 0 rg BT 471.37 434.20 Td (the ) Tj ET Q q 0 0 0 rg BT 482.71 434.20 Td (same ) Tj ET Q q 0 0 0 rg BT 500.72 434.20 Td (manner ) Tj ET Q q 0 0 0 rg BT 526.29 434.20 Td (as ) Tj ET Q q 0 0 0 rg BT 534.52 434.20 Td (currency ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 424.60 Td (translation ) Tj ET Q q 0 0 0 rg BT 84.95 424.60 Td (adjustments. ) Tj ET Q q 0 0 0 rg BT 126.85 424.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 146.74 424.60 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 196.85 424.60 Td (income ) Tj ET Q q 0 0 0 rg BT 222.07 424.60 Td (/ ) Tj ET Q q 0 0 0 rg BT 225.98 424.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 240.11 424.60 Td (due ) Tj ET Q q 0 0 0 rg BT 253.34 424.60 Td (to ) Tj ET Q q 0 0 0 rg BT 261.24 424.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 290.90 424.60 Td (translation ) Tj ET Q q 0 0 0 rg BT 326.35 424.60 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 365.13 424.60 Td (net ) Tj ET Q q 0 0 0 rg BT 376.59 424.60 Td (comprised ) Tj ET Q q 0 0 0 rg BT 411.59 424.60 Td (the ) Tj ET Q q 0 0 0 rg BT 423.04 424.60 Td (following ) Tj ET Q q 0 0 0 rg BT 455.83 424.60 Td (for ) Tj ET Q q 0 0 0 rg BT 466.84 424.60 Td (the ) Tj ET Q q 0 0 0 rg BT 478.29 424.60 Td (years ) Tj ET Q q 0 0 0 rg BT 496.85 424.60 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.63 424.60 Td (December31, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 415.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.50 415.00 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 69.50 415.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 415.00 Td ( ) Tj ET Q q 0 0 0 rg BT 87.50 415.00 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.05 415.00 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.05 415.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 378.50 223.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.00 378.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 378.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 378.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 378.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 378.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 378.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 378.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 378.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 378.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 378.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 378.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 352.50 223.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.00 352.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 352.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 352.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 352.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 352.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 352.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 352.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 352.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 352.50 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 352.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 352.50 45.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 272 391.5 m 317 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317 391.5 m 321 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321 391.5 m 366 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366 391.5 m 370 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 391.5 m 415 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415 391.5 m 419 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 391.5 m 464 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464 391.5 m 468 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 391.5 m 513 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 391.5 m 517 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 391.5 m 562 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 272 391.5 m 317 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 272 378.5 m 317 378.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321 391.5 m 366 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321 378.5 m 366 378.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 378.5 m 415 378.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 391.5 m 464 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 378.5 m 464 378.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 391.5 m 513 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 378.5 m 513 378.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 391.5 m 562 391.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517 378.5 m 562 378.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 272 378.5 m 317 378.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321 378.5 m 366 378.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 378.5 m 415 378.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 378.5 m 464 378.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468 378.5 m 513 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 339.5 m 317 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 339.5 m 366 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 339.5 m 464 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 339.5 m 513 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 339.5 m 317 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 339.5 m 366 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 339.5 m 464 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 339.5 m 513 339.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 395.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.15 395.73 Td (For) Tj ET Q q 0 0 0 rg BT 349.44 395.73 Td ( ) Tj ET Q q 0 0 0 rg BT 351.30 395.73 Td (The ) Tj ET Q q 0 0 0 rg BT 366.34 395.73 Td (Y) Tj ET Q q 0 0 0 rg BT 371.23 395.73 Td (ear) Tj ET Q q 0 0 0 rg BT 382.19 395.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 442.92 395.73 Td ( 31, \(US$ 000's\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 382.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.50 382.73 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.50 382.73 Td (2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 392.00 382.73 Td (% ) Tj ET Q q 0 0 0 rg BT 400.52 382.73 Td (Act) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 382.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.50 382.73 Td (2016) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 539.00 382.73 Td (% ) Tj ET Q q 0 0 0 rg BT 547.37 382.73 Td (Act) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 369.75 Td (Foreign exchange \(loss\) / gain on intercompany transactions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.50 369.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.10 369.75 Td (\(1,061) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.80 369.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 369.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.75 369.75 Td (1) Tj ET Q q 0 0 0 rg BT 344.75 369.75 Td (1,326) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.40 369.75 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 405.40 373.37 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.50 369.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 369.75 Td (1) Tj ET Q q 0 0 0 rg BT 442.75 369.75 Td (1,326) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.50 369.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.75 369.75 Td (8,848) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.15 369.75 Td (28.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 554.80 369.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 356.75 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 78.39 356.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 110.59 356.75 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 130.37 356.75 Td (/ ) Tj ET Q q 0 0 0 rg BT 134.59 356.75 Td (gain ) Tj ET Q q 0 0 0 rg BT 150.36 356.75 Td (on ) Tj ET Q q 0 0 0 rg BT 160.36 356.75 Td (the ) Tj ET Q q 0 0 0 rg BT 172.14 356.75 Td (Series ) Tj ET Q q 0 0 0 rg BT 193.69 356.75 Td (B ) Tj ET Q q 0 0 0 rg BT 201.02 356.75 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 232.78 356.75 Td (Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.10 356.75 Td (\(12,527) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.80 356.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.75 356.75 Td (33,444) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.40 356.75 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 405.40 360.37 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.75 356.75 Td (33,444) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.10 356.75 Td (\(19,412) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.80 356.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 538.40 356.75 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 552.40 360.37 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 343.75 Td (Currency ) Tj ET Q q 0 0 0 rg BT 83.27 343.75 Td (translation ) Tj ET Q q 0 0 0 rg BT 119.04 343.75 Td (adjustment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.10 343.75 Td (\(9,462) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.80 343.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.75 343.75 Td (9,598) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.40 343.75 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 405.40 347.37 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.75 343.75 Td (9,598) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.75 343.75 Td (12,213) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.45 343.75 Td (\(21.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 552.15 343.75 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 330.73 Td (Curr) Tj ET Q q 0 0 0 rg BT 68.68 330.73 Td (ency translation adjustment, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.50 330.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.10 330.73 Td (\(23,050) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.80 330.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.50 330.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.75 330.73 Td (54,368) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 390.50 330.73 Td (NM ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 405.39 334.36 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.50 330.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.75 330.73 Td (54,368) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.50 330.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.75 330.73 Td (1,649) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.50 330.73 Td (NM ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 552.39 334.36 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 318.02 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 314.40 Td (Number is not meaningful.) Tj ET Q endstream endobj 65 0 obj <>] /Rotate 0 /Contents 66 0 R>> endobj 66 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (The following charts depict the movement of the dollar versus the functional currencies of our operations, based on monthly closing rates, during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.48 723.50 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.48 723.50 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.48 723.50 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.48 723.50 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 713.90 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.05 713.90 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.05 713.90 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 698.30 Td (Per) Tj ET Q q 0 0 0 rg BT 60.75 698.30 Td (cent ) Tj ET Q q 0 0 0 rg BT 76.08 698.30 Td (Change ) Tj ET Q q 0 0 0 rg BT 102.96 698.30 Td (During ) Tj ET Q q 0 0 0 rg BT 128.08 698.30 Td (the ) Tj ET Q q 0 0 0 rg BT 139.85 698.30 Td (Y) Tj ET Q q 0 0 0 rg BT 143.57 698.30 Td (ear ) Tj ET Q q 0 0 0 rg BT 156.23 698.30 Td (Ended ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 178.67 698.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 225.54 698.30 Td (2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 241.54 698.30 Td ( ) Tj ET Q /GS0 gs q 512.00 0 0 301.00 50.00 386.30 cm /I22 Do Q BT /F1 8.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 375.70 Td (Per) Tj ET Q q 0 0 0 rg BT 60.75 375.70 Td (cent ) Tj ET Q q 0 0 0 rg BT 76.08 375.70 Td (Change ) Tj ET Q q 0 0 0 rg BT 102.96 375.70 Td (During ) Tj ET Q q 0 0 0 rg BT 128.08 375.70 Td (the ) Tj ET Q q 0 0 0 rg BT 139.85 375.70 Td (Y) Tj ET Q q 0 0 0 rg BT 143.57 375.70 Td (ear ) Tj ET Q q 0 0 0 rg BT 156.23 375.70 Td (Ended ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 178.67 375.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 225.54 375.70 Td (2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 241.54 375.70 Td ( ) Tj ET Q /GS0 gs q 512.00 0 0 301.00 50.00 63.70 cm /I23 Do Q BT /F1 8.00 Tf ET endstream endobj 67 0 obj <>] /Rotate 0 /Contents 68 0 R>> endobj 68 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (30) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 723.45 Td (Per) Tj ET Q q 0 0 0 rg BT 60.75 723.45 Td (cent ) Tj ET Q q 0 0 0 rg BT 76.08 723.45 Td (Change ) Tj ET Q q 0 0 0 rg BT 102.96 723.45 Td (During ) Tj ET Q q 0 0 0 rg BT 128.08 723.45 Td (the ) Tj ET Q q 0 0 0 rg BT 139.85 723.45 Td (Y) Tj ET Q q 0 0 0 rg BT 143.57 723.45 Td (ear ) Tj ET Q q 0 0 0 rg BT 156.23 723.45 Td (Ended ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 178.67 723.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 225.54 723.45 Td (2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 241.54 723.45 Td ( ) Tj ET Q /GS0 gs q 512.00 0 0 301.00 50.00 411.45 cm /I24 Do Q BT /F1 8.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 400.85 Td (Unr) Tj ET Q q 0 0 0 rg BT 63.13 400.85 Td (ealized ) Tj ET Q q 0 0 0 rg BT 88.86 400.85 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 108.82 400.85 Td (/ ) Tj ET Q q 0 0 0 rg BT 113.23 400.85 Td (gain ) Tj ET Q q 0 0 0 rg BT 130.08 400.85 Td (on ) Tj ET Q q 0 0 0 rg BT 140.71 400.85 Td (derivative ) Tj ET Q q 0 0 0 rg BT 177.11 400.85 Td (instruments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.00 400.85 Td (:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.66 400.85 Td () Tj ET Q q 0 0 0 rg BT 222.52 400.85 Td (The ) Tj ET Q q 0 0 0 rg BT 237.14 400.85 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 272.63 400.85 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 292.59 400.85 Td (/ ) Tj ET Q q 0 0 0 rg BT 297.00 400.85 Td (gain ) Tj ET Q q 0 0 0 rg BT 312.95 400.85 Td (on ) Tj ET Q q 0 0 0 rg BT 323.14 400.85 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 360.42 400.85 Td (is ) Tj ET Q q 0 0 0 rg BT 367.94 400.85 Td (due ) Tj ET Q q 0 0 0 rg BT 381.67 400.85 Td (to ) Tj ET Q q 0 0 0 rg BT 390.07 400.85 Td (the ) Tj ET Q q 0 0 0 rg BT 402.03 400.85 Td (portion ) Tj ET Q q 0 0 0 rg BT 427.32 400.85 Td (of ) Tj ET Q q 0 0 0 rg BT 436.17 400.85 Td (changes ) Tj ET Q q 0 0 0 rg BT 464.12 400.85 Td (in ) Tj ET Q q 0 0 0 rg BT 472.52 400.85 Td (the ) Tj ET Q q 0 0 0 rg BT 484.48 400.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 497.76 400.85 Td (value ) Tj ET Q q 0 0 0 rg BT 517.27 400.85 Td (of ) Tj ET Q q 0 0 0 rg BT 526.12 400.85 Td (our ) Tj ET Q q 0 0 0 rg BT 538.96 400.85 Td (interest ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 391.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 63.71 391.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 85.48 391.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 121.91 391.25 Td (as ) Tj ET Q q 0 0 0 rg BT 130.79 391.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 147.22 391.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 164.10 391.25 Td (hedges ) Tj ET Q q 0 0 0 rg BT 188.54 391.25 Td (and ) Tj ET Q q 0 0 0 rg BT 202.30 391.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 239.61 391.25 Td (in ) Tj ET Q q 0 0 0 rg BT 248.05 391.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 290.69 391.25 Td (other ) Tj ET Q q 0 0 0 rg BT 309.35 391.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 359.99 391.25 Td (income ) Tj ET Q q 0 0 0 rg BT 385.76 391.25 Td (/ ) Tj ET Q q 0 0 0 rg BT 390.20 391.25 Td (loss. ) Tj ET Q q 0 0 0 rg BT 406.86 391.25 Td (See ) Tj ET Q q 0 0 0 rg BT 420.63 391.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 437.51 391.25 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.73 391.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 463.50 391.25 Td (14, ) Tj ET Q q 0 0 0 rg BT 475.71 391.25 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 510.97 391.25 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 550.96 391.25 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 381.65 Td (Fair ) Tj ET Q q 0 0 0 rg BT 64.24 381.65 Td (V) Tj ET Q q 0 0 0 rg BT 69.13 381.65 Td (alue ) Tj ET Q q 0 0 0 rg BT 84.46 381.65 Td (Measurements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.38 381.65 Td (. ) Tj ET Q endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (Summarized ) Tj ET Q q 0 0 0 rg BT 95.05 723.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 139.72 723.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 167.95 723.60 Td (sheets ) Tj ET Q q 0 0 0 rg BT 190.39 723.60 Td (as ) Tj ET Q q 0 0 0 rg BT 199.50 723.60 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.16 723.60 Td (December) Tj ET Q q 0 0 0 rg BT 242.66 723.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 256.66 723.60 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.66 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 274.66 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 289.56 723.60 Td (December) Tj ET Q q 0 0 0 rg BT 324.06 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 326.06 723.60 Td (31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.06 723.60 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.06 723.60 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 694.10 221.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 694.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 694.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 694.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 694.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 694.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 694.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 694.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 668.10 221.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 668.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 668.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 668.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 668.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 668.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 668.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 668.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 642.10 221.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 642.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 642.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 642.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 642.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 642.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 642.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 642.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 616.10 221.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 616.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 616.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 616.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 616.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 616.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 616.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 616.10 50.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 271 694.1 m 361 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365 694.1 m 455 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459 694.1 m 509 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513 694.1 m 563 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 271 694.1 m 361 694.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365 694.1 m 455 694.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 698.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.00 698.33 Td (December) Tj ET Q q 0 0 0 rg BT 327.57 698.33 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.00 698.33 Td (December) Tj ET Q q 0 0 0 rg BT 421.50 698.33 Td ( 31, 2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 486.00 698.33 Td (% ) Tj ET Q q 0 0 0 rg BT 494.52 698.33 Td (Act) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 541.05 698.33 Td (% Lfl) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 685.35 Td (Current ) Tj ET Q q 0 0 0 rg BT 78.94 685.35 Td (assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.50 685.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.80 685.35 Td (374,093) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.50 685.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.80 685.35 Td (421,239) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.45 685.35 Td (\(1) Tj ET Q q 0 0 0 rg BT 489.11 685.35 Td (1.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.15 685.35 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.45 685.35 Td (\(7.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 685.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 672.35 Td (Non-current ) Tj ET Q q 0 0 0 rg BT 93.59 672.35 Td (assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.80 672.35 Td (1,1) Tj ET Q q 0 0 0 rg BT 335.80 672.35 Td (14,268) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 672.35 Td (1,206,816) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.45 672.35 Td (\(7.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.15 672.35 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.45 672.35 Td (\(2.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 672.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 659.35 Td (Current ) Tj ET Q q 0 0 0 rg BT 78.94 659.35 Td (liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.80 659.35 Td (139,692) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.80 659.35 Td (186,946) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.45 659.35 Td (\(25.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.15 659.35 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.45 659.35 Td (\(21.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 659.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 646.35 Td (Non-current ) Tj ET Q q 0 0 0 rg BT 93.59 646.35 Td (liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.80 646.35 Td (849,978) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 646.35 Td (1,182,286) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.45 646.35 Td (\(28.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.15 646.35 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.45 646.35 Td (\(25.0) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 646.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 633.35 Td (T) Tj ET Q q 0 0 0 rg BT 57.11 633.35 Td (emporary ) Tj ET Q q 0 0 0 rg BT 89.48 633.35 Td (equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.80 633.35 Td (269,370) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.80 633.35 Td (264,593) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.15 633.35 Td (1.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 501.80 633.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.15 633.35 Td (1.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 555.80 633.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 620.35 Td (CME ) Tj ET Q q 0 0 0 rg BT 71.84 620.35 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 86.95 620.35 Td (shareholders) Tj ET Q q 0 0 0 rg BT 129.74 620.35 Td ( ) Tj ET Q q 0 0 0 rg BT 131.45 620.35 Td (equity ) Tj ET Q q 0 0 0 rg BT 153.44 620.35 Td (/ ) Tj ET Q q 0 0 0 rg BT 157.66 620.35 Td (\(deficit\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.80 620.35 Td (229,020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.10 620.35 Td (\(5,788) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.80 620.35 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 485.40 620.35 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 499.40 623.97 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 539.40 620.35 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 553.40 623.97 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 607.35 Td (Noncontrolling ) Tj ET Q q 0 0 0 rg BT 103.38 607.35 Td (interests ) Tj ET Q q 0 0 0 rg BT 132.04 607.35 Td (in ) Tj ET Q q 0 0 0 rg BT 140.27 607.35 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 182.70 607.35 Td (subsidiaries) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 607.35 Td (301) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 607.35 Td (18) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 485.40 607.35 Td (NM ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 499.40 610.97 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.45 607.35 Td (\(16.9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 553.15 607.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 594.63 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 591.00 Td (Number is not meaningful.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 575.40 Td (Note: ) Tj ET Q q 0 0 0 rg BT 69.31 575.40 Td (The ) Tj ET Q q 0 0 0 rg BT 83.94 575.40 Td (analysis ) Tj ET Q q 0 0 0 rg BT 111.91 575.40 Td (below ) Tj ET Q q 0 0 0 rg BT 133.65 575.40 Td (is ) Tj ET Q q 0 0 0 rg BT 141.18 575.40 Td (intended ) Tj ET Q q 0 0 0 rg BT 170.92 575.40 Td (to ) Tj ET Q q 0 0 0 rg BT 179.34 575.40 Td (highlight ) Tj ET Q q 0 0 0 rg BT 210.42 575.40 Td (the ) Tj ET Q q 0 0 0 rg BT 222.39 575.40 Td (key ) Tj ET Q q 0 0 0 rg BT 236.13 575.40 Td (factors ) Tj ET Q q 0 0 0 rg BT 260.09 575.40 Td (that ) Tj ET Q q 0 0 0 rg BT 274.28 575.40 Td (led ) Tj ET Q q 0 0 0 rg BT 286.25 575.40 Td (to ) Tj ET Q q 0 0 0 rg BT 294.66 575.40 Td (the ) Tj ET Q q 0 0 0 rg BT 306.63 575.40 Td (movements ) Tj ET Q q 0 0 0 rg BT 345.70 575.40 Td (from ) Tj ET Q q 0 0 0 rg BT 363.45 575.40 Td (December ) Tj ET Q q 0 0 0 rg BT 398.51 575.40 Td (31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.51 575.40 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.51 575.40 Td (, ) Tj ET Q q 0 0 0 rg BT 430.70 575.40 Td (excluding ) Tj ET Q q 0 0 0 rg BT 464.44 575.40 Td (the ) Tj ET Q q 0 0 0 rg BT 476.41 575.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 500.37 575.40 Td (of ) Tj ET Q q 0 0 0 rg BT 509.23 575.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 534.52 575.40 Td (currency ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 565.80 Td (translation.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 550.20 Td (Curr) Tj ET Q q 0 0 0 rg BT 66.68 550.20 Td (ent ) Tj ET Q q 0 0 0 rg BT 79.57 550.20 Td (assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.79 550.20 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 138.89 550.20 Td (the ) Tj ET Q q 0 0 0 rg BT 150.89 550.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 174.88 550.20 Td (of ) Tj ET Q q 0 0 0 rg BT 183.77 550.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 204.66 550.20 Td (held ) Tj ET Q q 0 0 0 rg BT 220.65 550.20 Td (for ) Tj ET Q q 0 0 0 rg BT 232.20 550.20 Td (sale, ) Tj ET Q q 0 0 0 rg BT 248.86 550.20 Td (current ) Tj ET Q q 0 0 0 rg BT 273.74 550.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 294.63 550.20 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.62 550.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 349.71 550.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.71 550.20 Td ( ) Tj ET Q q 0 0 0 rg BT 367.93 550.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 400.36 550.20 Td (due ) Tj ET Q q 0 0 0 rg BT 414.13 550.20 Td (to ) Tj ET Q q 0 0 0 rg BT 422.58 550.20 Td (higher ) Tj ET Q q 0 0 0 rg BT 445.24 550.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 461.68 550.20 Td (and ) Tj ET Q q 0 0 0 rg BT 475.45 550.20 Td (receivables ) Tj ET Q q 0 0 0 rg BT 513.65 550.20 Td (generated ) Tj ET Q q 0 0 0 rg BT 546.96 550.20 Td (from ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 540.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 84.82 540.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.38 540.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 120.81 540.60 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 146.80 540.60 Td (production ) Tj ET Q q 0 0 0 rg BT 183.46 540.60 Td (expenses.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 525.00 Td (Non-curr) Tj ET Q q 0 0 0 rg BT 81.35 525.00 Td (ent ) Tj ET Q q 0 0 0 rg BT 93.51 525.00 Td (assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 115.73 525.00 Td (Non-current ) Tj ET Q q 0 0 0 rg BT 158.32 525.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 178.49 525.00 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.76 525.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 232.12 525.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.12 525.00 Td ( ) Tj ET Q q 0 0 0 rg BT 249.62 525.00 Td (decreased, ) Tj ET Q q 0 0 0 rg BT 284.65 525.00 Td (due ) Tj ET Q q 0 0 0 rg BT 297.70 525.00 Td (to ) Tj ET Q q 0 0 0 rg BT 305.42 525.00 Td (reduction ) Tj ET Q q 0 0 0 rg BT 337.13 525.00 Td (in ) Tj ET Q q 0 0 0 rg BT 344.86 525.00 Td (both ) Tj ET Q q 0 0 0 rg BT 360.58 525.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 389.62 525.00 Td (and ) Tj ET Q q 0 0 0 rg BT 402.67 525.00 Td (local ) Tj ET Q q 0 0 0 rg BT 419.71 525.00 Td (program ) Tj ET Q q 0 0 0 rg BT 448.31 525.00 Td (rights, ) Tj ET Q q 0 0 0 rg BT 470.03 525.00 Td (amortization ) Tj ET Q q 0 0 0 rg BT 511.96 525.00 Td (of ) Tj ET Q q 0 0 0 rg BT 520.13 525.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 535.40 525.00 Td (issuance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 515.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 66.97 515.40 Td (related ) Tj ET Q q 0 0 0 rg BT 90.20 515.40 Td (to ) Tj ET Q q 0 0 0 rg BT 97.90 515.40 Td (the ) Tj ET Q q 0 0 0 rg BT 109.14 515.40 Td (2023 ) Tj ET Q q 0 0 0 rg BT 126.61 515.40 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 161.41 515.40 Td (Credit ) Tj ET Q q 0 0 0 rg BT 182.88 515.40 Td (Facility ) Tj ET Q q 0 0 0 rg BT 208.79 515.40 Td (and ) Tj ET Q q 0 0 0 rg BT 221.81 515.40 Td (amortization ) Tj ET Q q 0 0 0 rg BT 263.71 515.40 Td (of ) Tj ET Q q 0 0 0 rg BT 271.85 515.40 Td (our ) Tj ET Q q 0 0 0 rg BT 283.98 515.40 Td (finite-lived ) Tj ET Q q 0 0 0 rg BT 321.00 515.40 Td (intangible ) Tj ET Q q 0 0 0 rg BT 354.46 515.40 Td (assets, ) Tj ET Q q 0 0 0 rg BT 376.60 515.40 Td (partly ) Tj ET Q q 0 0 0 rg BT 396.73 515.40 Td (of) Tj ET Q q 0 0 0 rg BT 403.25 515.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 416.27 515.40 Td (by ) Tj ET Q q 0 0 0 rg BT 425.74 515.40 Td (an ) Tj ET Q q 0 0 0 rg BT 434.76 515.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 462.43 515.40 Td (in ) Tj ET Q q 0 0 0 rg BT 470.13 515.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 490.26 515.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 519.27 515.40 Td (under ) Tj ET Q q 0 0 0 rg BT 538.96 515.40 Td (finance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 505.80 Td (leases.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 490.20 Td (Curr) Tj ET Q q 0 0 0 rg BT 66.68 490.20 Td (ent ) Tj ET Q q 0 0 0 rg BT 79.77 490.20 Td (liabilities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.55 490.20 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 150.85 490.20 Td (the ) Tj ET Q q 0 0 0 rg BT 163.05 490.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 187.24 490.20 Td (of ) Tj ET Q q 0 0 0 rg BT 196.33 490.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 228.53 490.20 Td (held ) Tj ET Q q 0 0 0 rg BT 244.72 490.20 Td (for ) Tj ET Q q 0 0 0 rg BT 256.47 490.20 Td (sale, ) Tj ET Q q 0 0 0 rg BT 273.33 490.20 Td (current ) Tj ET Q q 0 0 0 rg BT 298.41 490.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 330.60 490.20 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.80 490.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 386.09 490.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.09 490.20 Td ( ) Tj ET Q q 0 0 0 rg BT 404.51 490.20 Td (decreased, ) Tj ET Q q 0 0 0 rg BT 440.47 490.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 472.66 490.20 Td (as ) Tj ET Q q 0 0 0 rg BT 481.75 490.20 Td (a ) Tj ET Q q 0 0 0 rg BT 487.72 490.20 Td (result ) Tj ET Q q 0 0 0 rg BT 507.92 490.20 Td (of ) Tj ET Q q 0 0 0 rg BT 517.00 490.20 Td (lower ) Tj ET Q q 0 0 0 rg BT 537.64 490.20 Td (accrued ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 480.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 75.05 480.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 109.93 480.60 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 144.80 480.60 Td (Fees\) ) Tj ET Q q 0 0 0 rg BT 164.13 480.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 191.00 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 204.55 480.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 250.10 480.60 Td (payables, ) Tj ET Q q 0 0 0 rg BT 282.09 480.60 Td (partly ) Tj ET Q q 0 0 0 rg BT 302.75 480.60 Td (of) Tj ET Q q 0 0 0 rg BT 309.27 480.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 322.82 480.60 Td (by ) Tj ET Q q 0 0 0 rg BT 332.82 480.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 365.02 480.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 393.66 480.60 Td (income.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 465.00 Td (Non-curr) Tj ET Q q 0 0 0 rg BT 81.35 465.00 Td (ent ) Tj ET Q q 0 0 0 rg BT 94.45 465.00 Td (liabilities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 128.23 465.00 Td (Non-current ) Tj ET Q q 0 0 0 rg BT 171.77 465.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 203.98 465.00 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.20 465.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 259.50 465.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.50 465.00 Td ( ) Tj ET Q q 0 0 0 rg BT 277.95 465.00 Td (decreased, ) Tj ET Q q 0 0 0 rg BT 313.92 465.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 346.13 465.00 Td (due ) Tj ET Q q 0 0 0 rg BT 360.12 465.00 Td (to ) Tj ET Q q 0 0 0 rg BT 368.79 465.00 Td (the ) Tj ET Q q 0 0 0 rg BT 381.00 465.00 Td (repayment ) Tj ET Q q 0 0 0 rg BT 417.20 465.00 Td (of ) Tj ET Q q 0 0 0 rg BT 426.31 465.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 455.86 465.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 495.63 465.00 Td (under ) Tj ET Q q 0 0 0 rg BT 516.29 465.00 Td (the ) Tj ET Q q 0 0 0 rg BT 528.50 465.00 Td (2019 ) Tj ET Q q 0 0 0 rg BT 546.95 465.00 Td (Euro ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 455.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 67.92 455.40 Td (and ) Tj ET Q q 0 0 0 rg BT 81.45 455.40 Td (the ) Tj ET Q q 0 0 0 rg BT 93.20 455.40 Td (partial ) Tj ET Q q 0 0 0 rg BT 115.61 455.40 Td (repayment ) Tj ET Q q 0 0 0 rg BT 151.35 455.40 Td (of ) Tj ET Q q 0 0 0 rg BT 159.99 455.40 Td (the ) Tj ET Q q 0 0 0 rg BT 171.74 455.40 Td (2021 ) Tj ET Q q 0 0 0 rg BT 189.72 455.40 Td (Euro ) Tj ET Q q 0 0 0 rg BT 207.25 455.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 225.67 455.40 Td (together ) Tj ET Q q 0 0 0 rg BT 253.86 455.40 Td (with ) Tj ET Q q 0 0 0 rg BT 270.06 455.40 Td (related ) Tj ET Q q 0 0 0 rg BT 293.80 455.40 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 328.64 455.40 Td (Fees ) Tj ET Q q 0 0 0 rg BT 345.29 455.40 Td (and ) Tj ET Q q 0 0 0 rg BT 358.82 455.40 Td (the ) Tj ET Q q 0 0 0 rg BT 370.57 455.40 Td (Commitment ) Tj ET Q q 0 0 0 rg BT 414.77 455.40 Td (Fee. ) Tj ET Q q 0 0 0 rg BT 430.30 455.40 Td (See ) Tj ET Q q 0 0 0 rg BT 443.83 455.40 Td (Item8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.47 455.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 486.00 455.40 Td (5, ) Tj ET Q q 0 0 0 rg BT 493.97 455.40 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 533.43 455.40 Td (Debt ) Tj ET Q q 0 0 0 rg BT 550.96 455.40 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 445.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 69.71 445.80 Td (Financing ) Tj ET Q q 0 0 0 rg BT 103.27 445.80 Td (Arrangements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.85 445.80 Td (\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 431.20 Td (T) Tj ET Q q 0 0 0 rg BT 54.10 431.20 Td (emporary ) Tj ET Q q 0 0 0 rg BT 89.87 431.20 Td (equity:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.87 431.20 Td () Tj ET Q q 0 0 0 rg BT 115.72 431.20 Td (T) Tj ET Q q 0 0 0 rg BT 120.05 431.20 Td (emporary ) Tj ET Q q 0 0 0 rg BT 152.70 431.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 174.70 431.20 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.47 431.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 229.34 431.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.34 431.20 Td ( ) Tj ET Q q 0 0 0 rg BT 247.34 431.20 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.89 431.20 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 276.89 431.20 Td ( ) Tj ET Q q 0 0 0 rg BT 278.89 431.20 Td (represents ) Tj ET Q q 0 0 0 rg BT 313.32 431.20 Td (the ) Tj ET Q q 0 0 0 rg BT 325.09 431.20 Td (accreted ) Tj ET Q q 0 0 0 rg BT 353.73 431.20 Td (value ) Tj ET Q q 0 0 0 rg BT 373.06 431.20 Td (of ) Tj ET Q q 0 0 0 rg BT 381.72 431.20 Td (the ) Tj ET Q q 0 0 0 rg BT 393.50 431.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 415.05 431.20 Td (B ) Tj ET Q q 0 0 0 rg BT 422.38 431.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 454.14 431.20 Td (Shares.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 415.60 Td (CME ) Tj ET Q q 0 0 0 rg BT 70.23 415.60 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 86.75 415.60 Td (shar) Tj ET Q q 0 0 0 rg BT 101.72 415.60 Td (eholders) Tj ET Q q 0 0 0 rg BT 132.68 415.60 Td ( ) Tj ET Q q 0 0 0 rg BT 134.75 415.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 158.15 415.60 Td (/ ) Tj ET Q q 0 0 0 rg BT 162.44 415.60 Td (\(deficit\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.10 415.60 Td (:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.76 415.60 Td ( ) Tj ET Q q 0 0 0 rg BT 193.68 415.60 Td (The ) Tj ET Q q 0 0 0 rg BT 208.19 415.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 236.46 415.60 Td (in ) Tj ET Q q 0 0 0 rg BT 244.75 415.60 Td (shareholders) Tj ET Q q 0 0 0 rg BT 287.25 415.60 Td ( ) Tj ET Q q 0 0 0 rg BT 289.32 415.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 311.39 415.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 343.23 415.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 368.83 415.60 Td (the ) Tj ET Q q 0 0 0 rg BT 380.68 415.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 408.95 415.60 Td (of ) Tj ET Q q 0 0 0 rg BT 417.68 415.60 Td (warrants ) Tj ET Q q 0 0 0 rg BT 447.29 415.60 Td (and ) Tj ET Q q 0 0 0 rg BT 460.92 415.60 Td (net ) Tj ET Q q 0 0 0 rg BT 472.76 415.60 Td (income ) Tj ET Q q 0 0 0 rg BT 498.37 415.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 536.87 415.60 Td (to ) Tj ET Q q 0 0 0 rg BT 545.17 415.60 Td (CME ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 406.00 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 64.61 406.00 Td (for ) Tj ET Q q 0 0 0 rg BT 75.94 406.00 Td (the ) Tj ET Q q 0 0 0 rg BT 87.71 406.00 Td (year ) Tj ET Q q 0 0 0 rg BT 103.48 406.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 124.58 406.00 Td (December ) Tj ET Q q 0 0 0 rg BT 159.45 406.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 171.45 406.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 191.45 406.00 Td (partially ) Tj ET Q q 0 0 0 rg BT 220.10 406.00 Td (of) Tj ET Q q 0 0 0 rg BT 226.62 406.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 240.17 406.00 Td (by ) Tj ET Q q 0 0 0 rg BT 250.17 406.00 Td (the ) Tj ET Q q 0 0 0 rg BT 261.95 406.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 285.71 406.00 Td (of ) Tj ET Q q 0 0 0 rg BT 294.38 406.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 324.36 406.00 Td (translation ) Tj ET Q q 0 0 0 rg BT 360.13 406.00 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 397.23 406.00 Td (in ) Tj ET Q q 0 0 0 rg BT 405.46 406.00 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 447.88 406.00 Td (other ) Tj ET Q q 0 0 0 rg BT 466.32 406.00 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 516.74 406.00 Td (loss.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 390.40 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 81.80 390.40 Td (olling ) Tj ET Q q 0 0 0 rg BT 103.67 390.40 Td (inter) Tj ET Q q 0 0 0 rg BT 119.96 390.40 Td (ests ) Tj ET Q q 0 0 0 rg BT 135.15 390.40 Td (in ) Tj ET Q q 0 0 0 rg BT 144.58 390.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 190.00 390.40 Td (subsidiaries:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.12 390.40 Td () Tj ET Q q 0 0 0 rg BT 234.98 390.40 Td (The ) Tj ET Q q 0 0 0 rg BT 250.17 390.40 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 300.02 390.40 Td (interests ) Tj ET Q q 0 0 0 rg BT 329.44 390.40 Td (in ) Tj ET Q q 0 0 0 rg BT 338.41 390.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 381.60 390.40 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 422.12 390.40 Td (represent ) Tj ET Q q 0 0 0 rg BT 454.19 390.40 Td (the ) Tj ET Q q 0 0 0 rg BT 466.71 390.40 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 516.57 390.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 542.87 390.40 Td (in ) Tj ET Q q 0 0 0 rg BT 551.85 390.40 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 380.80 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 79.05 380.80 Td (operations.) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (III. ) Tj ET Q q 0 0 0 rg BT 76.50 723.60 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 110.52 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 125.41 723.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 152.75 723.60 Td (Resour) Tj ET Q q 0 0 0 rg BT 177.05 723.60 Td (ces) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 702.00 Td (III\(a\) ) Tj ET Q q 0 0 0 rg BT 76.50 702.00 Td (Summary ) Tj ET Q q 0 0 0 rg BT 112.28 702.00 Td (of ) Tj ET Q q 0 0 0 rg BT 120.94 702.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 140.28 702.00 Td (Flows) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 686.40 Td (Cash ) Tj ET Q q 0 0 0 rg BT 67.45 686.40 Td (and ) Tj ET Q q 0 0 0 rg BT 80.96 686.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 97.13 686.40 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 135.51 686.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 167.67 686.40 Td (by ) Tj ET Q q 0 0 0 rg BT 177.62 686.40 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.80 686.40 Td (3.3 ) Tj ET Q q 0 0 0 rg BT 205.75 686.40 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.87 686.40 Td ( ) Tj ET Q q 0 0 0 rg BT 230.82 686.40 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.66 686.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.66 686.40 Td (. ) Tj ET Q q 0 0 0 rg BT 273.47 686.40 Td (The ) Tj ET Q q 0 0 0 rg BT 287.86 686.40 Td (change ) Tj ET Q q 0 0 0 rg BT 312.47 686.40 Td (in ) Tj ET Q q 0 0 0 rg BT 320.64 686.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 336.81 686.40 Td (and ) Tj ET Q q 0 0 0 rg BT 350.32 686.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 366.48 686.40 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 404.87 686.40 Td (for ) Tj ET Q q 0 0 0 rg BT 416.15 686.40 Td (the ) Tj ET Q q 0 0 0 rg BT 427.88 686.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 453.38 686.40 Td (presented ) Tj ET Q q 0 0 0 rg BT 485.99 686.40 Td (below ) Tj ET Q q 0 0 0 rg BT 507.49 686.40 Td (is ) Tj ET Q q 0 0 0 rg BT 514.78 686.40 Td (summarized ) Tj ET Q q 0 0 0 rg BT 555.83 686.40 Td (as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 676.80 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 640.30 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 640.30 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 640.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 640.30 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 640.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 640.30 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 614.30 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 614.30 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 614.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 614.30 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 614.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 614.30 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 588.30 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 588.30 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 588.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 588.30 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 588.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 588.30 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359 653.3 m 424 653.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493 653.3 m 497 653.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497 653.3 m 562 653.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359 653.3 m 424 653.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359 640.3 m 424 640.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 424 653.3 m 428 653.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428 653.3 m 493 653.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428 640.3 m 493 640.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493 653.3 m 497 653.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497 653.3 m 562 653.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497 640.3 m 562 640.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359 640.3 m 424 640.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428 640.3 m 493 640.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497 640.3 m 562 640.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 575.3 m 424 575.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 563.3 m 424 563.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 561.3 m 424 561.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 575.3 m 493 575.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 563.3 m 493 563.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 561.3 m 493 561.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 575.3 m 562 575.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 563.3 m 562 563.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 561.3 m 562 561.3 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.65 657.53 Td (For) Tj ET Q q 0 0 0 rg BT 392.94 657.53 Td ( ) Tj ET Q q 0 0 0 rg BT 394.80 657.53 Td (The ) Tj ET Q q 0 0 0 rg BT 409.84 657.53 Td (Y) Tj ET Q q 0 0 0 rg BT 414.73 657.53 Td (ear) Tj ET Q q 0 0 0 rg BT 425.69 657.53 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 486.42 657.53 Td ( 31, \(US$ 000's\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 644.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.50 644.53 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.50 644.53 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 644.53 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 631.55 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.05 631.55 Td (cash ) Tj ET Q q 0 0 0 rg BT 82.27 631.55 Td (generated ) Tj ET Q q 0 0 0 rg BT 115.36 631.55 Td (from ) Tj ET Q q 0 0 0 rg BT 132.91 631.55 Td (/ ) Tj ET Q q 0 0 0 rg BT 137.13 631.55 Td (\(used ) Tj ET Q q 0 0 0 rg BT 156.46 631.55 Td (in\) ) Tj ET Q q 0 0 0 rg BT 167.34 631.55 Td (continuing ) Tj ET Q q 0 0 0 rg BT 203.56 631.55 Td (operating ) Tj ET Q q 0 0 0 rg BT 235.77 631.55 Td (activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.50 631.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.80 631.55 Td (109,024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 631.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 631.55 Td (93,301) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 631.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 631.55 Td (\(77,239) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 631.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 618.55 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.05 618.55 Td (cash ) Tj ET Q q 0 0 0 rg BT 82.27 618.55 Td (used ) Tj ET Q q 0 0 0 rg BT 98.93 618.55 Td (in ) Tj ET Q q 0 0 0 rg BT 107.15 618.55 Td (continuing ) Tj ET Q q 0 0 0 rg BT 143.37 618.55 Td (investing ) Tj ET Q q 0 0 0 rg BT 174.70 618.55 Td (activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.10 618.55 Td (\(24,540) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 618.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.10 618.55 Td (\(27,947) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 618.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 618.55 Td (\(26,525) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 618.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 605.55 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.05 605.55 Td (cash ) Tj ET Q q 0 0 0 rg BT 82.27 605.55 Td (\(used ) Tj ET Q q 0 0 0 rg BT 101.59 605.55 Td (in\) ) Tj ET Q q 0 0 0 rg BT 112.48 605.55 Td (/ ) Tj ET Q q 0 0 0 rg BT 116.70 605.55 Td (provided ) Tj ET Q q 0 0 0 rg BT 147.14 605.55 Td (by ) Tj ET Q q 0 0 0 rg BT 157.14 605.55 Td (continuing ) Tj ET Q q 0 0 0 rg BT 193.36 605.55 Td (financing ) Tj ET Q q 0 0 0 rg BT 225.57 605.55 Td (activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.10 605.55 Td (\(182,362) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 605.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.10 605.55 Td (\(58,439) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 605.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 605.55 Td (87,926) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 592.55 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.05 592.55 Td (cash ) Tj ET Q q 0 0 0 rg BT 82.27 592.55 Td (provided ) Tj ET Q q 0 0 0 rg BT 112.70 592.55 Td (by ) Tj ET Q q 0 0 0 rg BT 122.70 592.55 Td (/ ) Tj ET Q q 0 0 0 rg BT 126.93 592.55 Td (\(used ) Tj ET Q q 0 0 0 rg BT 146.25 592.55 Td (in\) ) Tj ET Q q 0 0 0 rg BT 157.14 592.55 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 200.02 592.55 Td (operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.80 592.55 Td (102,566) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.10 592.55 Td (\(141) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 592.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 592.55 Td (\(1,787) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 592.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 579.55 Td (Impact ) Tj ET Q q 0 0 0 rg BT 76.71 579.55 Td (of ) Tj ET Q q 0 0 0 rg BT 85.38 579.55 Td (exchange ) Tj ET Q q 0 0 0 rg BT 117.58 579.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 131.57 579.55 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 171.34 579.55 Td (on ) Tj ET Q q 0 0 0 rg BT 181.34 579.55 Td (cash) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.10 579.55 Td (\(1,405) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 579.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 579.55 Td (1) Tj ET Q q 0 0 0 rg BT 471.80 579.55 Td (1,020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 579.55 Td (\(862) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 579.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 566.53 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.49 566.53 Td (incr) Tj ET Q q 0 0 0 rg BT 80.12 566.53 Td (ease ) Tj ET Q q 0 0 0 rg BT 96.34 566.53 Td (/ ) Tj ET Q q 0 0 0 rg BT 100.56 566.53 Td (\(decr) Tj ET Q q 0 0 0 rg BT 118.18 566.53 Td (ease\) ) Tj ET Q q 0 0 0 rg BT 137.06 566.53 Td (in ) Tj ET Q q 0 0 0 rg BT 145.73 566.53 Td (cash ) Tj ET Q q 0 0 0 rg BT 162.84 566.53 Td (and ) Tj ET Q q 0 0 0 rg BT 177.74 566.53 Td (cash ) Tj ET Q q 0 0 0 rg BT 194.86 566.53 Td (equivalents) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.50 566.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.80 566.53 Td (3,283) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.50 566.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.80 566.53 Td (17,794) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.50 566.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 566.53 Td (\(18,487) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 566.53 Td (\)) Tj ET Q BT /F1 8.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 544.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 84.24 544.20 Td (Activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 528.60 Td (The ) Tj ET Q q 0 0 0 rg BT 63.39 528.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 91.04 528.60 Td (in ) Tj ET Q q 0 0 0 rg BT 98.71 528.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 114.37 528.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 146.91 528.60 Td (from ) Tj ET Q q 0 0 0 rg BT 163.91 528.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 199.58 528.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 234.35 528.60 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.68 528.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.68 528.60 Td ( ) Tj ET Q q 0 0 0 rg BT 274.13 528.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 299.12 528.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 321.00 528.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 336.67 528.60 Td (collections ) Tj ET Q q 0 0 0 rg BT 372.77 528.60 Td (from ) Tj ET Q q 0 0 0 rg BT 389.77 528.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 416.54 528.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 440.65 528.60 Td (and ) Tj ET Q q 0 0 0 rg BT 453.65 528.60 Td (a ) Tj ET Q q 0 0 0 rg BT 458.65 528.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 487.63 528.60 Td (in ) Tj ET Q q 0 0 0 rg BT 495.30 528.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 510.96 528.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 526.18 528.60 Td (for ) Tj ET Q q 0 0 0 rg BT 536.96 528.60 Td (interest, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 519.00 Td (of) Tj ET Q q 0 0 0 rg BT 56.02 519.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 69.35 519.00 Td (by ) Tj ET Q q 0 0 0 rg BT 79.13 519.00 Td (an ) Tj ET Q q 0 0 0 rg BT 88.46 519.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 116.44 519.00 Td (in ) Tj ET Q q 0 0 0 rg BT 124.44 519.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 140.43 519.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 155.98 519.00 Td (for ) Tj ET Q q 0 0 0 rg BT 167.09 519.00 Td (accrued ) Tj ET Q q 0 0 0 rg BT 193.74 519.00 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 228.38 519.00 Td (Fees ) Tj ET Q q 0 0 0 rg BT 244.82 519.00 Td (which ) Tj ET Q q 0 0 0 rg BT 266.15 519.00 Td (were ) Tj ET Q q 0 0 0 rg BT 283.47 519.00 Td (previously ) Tj ET Q q 0 0 0 rg BT 319.03 519.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 334.58 519.00 Td (in-kind ) Tj ET Q q 0 0 0 rg BT 359.46 519.00 Td (as ) Tj ET Q q 0 0 0 rg BT 367.91 519.00 Td (well ) Tj ET Q q 0 0 0 rg BT 383.46 519.00 Td (as ) Tj ET Q q 0 0 0 rg BT 391.90 519.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 410.12 519.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 425.67 519.00 Td (as ) Tj ET Q q 0 0 0 rg BT 434.11 519.00 Td (a ) Tj ET Q q 0 0 0 rg BT 439.44 519.00 Td (direct ) Tj ET Q q 0 0 0 rg BT 459.43 519.00 Td (result ) Tj ET Q q 0 0 0 rg BT 478.98 519.00 Td (of ) Tj ET Q q 0 0 0 rg BT 487.42 519.00 Td (our ) Tj ET Q q 0 0 0 rg BT 499.87 519.00 Td (improved ) Tj ET Q q 0 0 0 rg BT 532.30 519.00 Td (operating ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 509.40 Td (performance. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 493.80 Td (The ) Tj ET Q q 0 0 0 rg BT 64.40 493.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 93.06 493.80 Td (in ) Tj ET Q q 0 0 0 rg BT 101.74 493.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 118.41 493.80 Td (generated ) Tj ET Q q 0 0 0 rg BT 151.96 493.80 Td (from ) Tj ET Q q 0 0 0 rg BT 169.97 493.80 Td (continuing ) Tj ET Q q 0 0 0 rg BT 206.64 493.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 242.43 493.80 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.77 493.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.77 493.80 Td ( ) Tj ET Q q 0 0 0 rg BT 284.23 493.80 Td (was ) Tj ET Q q 0 0 0 rg BT 299.13 493.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 331.36 493.80 Td (the ) Tj ET Q q 0 0 0 rg BT 343.59 493.80 Td (result ) Tj ET Q q 0 0 0 rg BT 363.82 493.80 Td (of ) Tj ET Q q 0 0 0 rg BT 372.94 493.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 421.61 493.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.29 493.80 Td (1) Tj ET Q q 0 0 0 rg BT 441.99 493.80 Td (10.7 ) Tj ET Q q 0 0 0 rg BT 458.45 493.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.56 493.80 Td ( ) Tj ET Q q 0 0 0 rg BT 484.02 493.80 Td (of ) Tj ET Q q 0 0 0 rg BT 493.14 493.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 509.82 493.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 526.05 493.80 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.73 493.80 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.73 493.80 Td ( ) Tj ET Q q 0 0 0 rg BT 553.19 493.80 Td (for ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 484.20 Td (accrued ) Tj ET Q q 0 0 0 rg BT 76.45 484.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 102.08 484.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 120.17 484.20 Td (the ) Tj ET Q q 0 0 0 rg BT 132.02 484.20 Td (settlement ) Tj ET Q q 0 0 0 rg BT 166.99 484.20 Td (of ) Tj ET Q q 0 0 0 rg BT 175.73 484.20 Td (our ) Tj ET Q q 0 0 0 rg BT 188.48 484.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 206.57 484.20 Td (PIK ) Tj ET Q q 0 0 0 rg BT 221.54 484.20 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 244.14 484.20 Td (The ) Tj ET Q q 0 0 0 rg BT 258.66 484.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 286.95 484.20 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.25 484.20 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.25 484.20 Td ( ) Tj ET Q q 0 0 0 rg BT 313.34 484.20 Td (further ) Tj ET Q q 0 0 0 rg BT 337.19 484.20 Td (reflected ) Tj ET Q q 0 0 0 rg BT 367.25 484.20 Td (improved ) Tj ET Q q 0 0 0 rg BT 399.99 484.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 432.29 484.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 474.79 484.20 Td (partly ) Tj ET Q q 0 0 0 rg BT 495.53 484.20 Td (of) Tj ET Q q 0 0 0 rg BT 502.05 484.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 515.69 484.20 Td (by ) Tj ET Q q 0 0 0 rg BT 525.77 484.20 Td (higher ) Tj ET Q q 0 0 0 rg BT 548.29 484.20 Td (cash ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 65.27 474.60 Td (for ) Tj ET Q q 0 0 0 rg BT 76.60 474.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 122.15 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 135.70 474.60 Td (taxes.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 459.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 459.00 Td (e ) Tj ET Q q 0 0 0 rg BT 61.81 459.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 77.42 459.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 93.48 459.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 118.88 459.00 Td (and ) Tj ET Q q 0 0 0 rg BT 132.27 459.00 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 166.98 459.00 Td (Fees ) Tj ET Q q 0 0 0 rg BT 183.49 459.00 Td (\(including ) Tj ET Q q 0 0 0 rg BT 218.22 459.00 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 252.93 459.00 Td (Fees ) Tj ET Q q 0 0 0 rg BT 269.44 459.00 Td (previously ) Tj ET Q q 0 0 0 rg BT 305.06 459.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 320.68 459.00 Td (in ) Tj ET Q q 0 0 0 rg BT 328.74 459.00 Td (kind\) ) Tj ET Q q 0 0 0 rg BT 347.47 459.00 Td (of ) Tj ET Q q 0 0 0 rg BT 355.98 459.00 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.05 459.00 Td (71.5 ) Tj ET Q q 0 0 0 rg BT 387.90 459.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.01 459.00 Td (, ) Tj ET Q q 0 0 0 rg BT 414.86 459.00 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.93 459.00 Td (55.5 ) Tj ET Q q 0 0 0 rg BT 446.77 459.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.89 459.00 Td ( ) Tj ET Q q 0 0 0 rg BT 471.73 459.00 Td (and ) Tj ET Q q 0 0 0 rg BT 485.13 459.00 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.20 459.00 Td (84.7 ) Tj ET Q q 0 0 0 rg BT 517.04 459.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.16 459.00 Td ( ) Tj ET Q q 0 0 0 rg BT 542.00 459.00 Td (on ) Tj ET Q q 0 0 0 rg BT 551.85 459.00 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 449.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 83.05 449.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 98.82 449.40 Td (and ) Tj ET Q q 0 0 0 rg BT 112.37 449.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 132.58 449.40 Td (facilities ) Tj ET Q q 0 0 0 rg BT 162.13 449.40 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 170.35 449.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.35 449.40 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.35 449.40 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.35 449.40 Td ( ) Tj ET Q q 0 0 0 rg BT 208.35 449.40 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.90 449.40 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.90 449.40 Td (, ) Tj ET Q q 0 0 0 rg BT 241.90 449.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 280.03 449.40 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 433.80 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 433.80 Td (e ) Tj ET Q q 0 0 0 rg BT 61.96 433.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 77.73 433.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 93.95 433.80 Td (for ) Tj ET Q q 0 0 0 rg BT 105.28 433.80 Td (taxes ) Tj ET Q q 0 0 0 rg BT 123.71 433.80 Td (of ) Tj ET Q q 0 0 0 rg BT 132.38 433.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 148.61 433.80 Td (28.4 ) Tj ET Q q 0 0 0 rg BT 164.61 433.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.72 433.80 Td (, ) Tj ET Q q 0 0 0 rg BT 191.72 433.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.95 433.80 Td (15.1 ) Tj ET Q q 0 0 0 rg BT 223.95 433.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.06 433.80 Td ( ) Tj ET Q q 0 0 0 rg BT 249.06 433.80 Td (and ) Tj ET Q q 0 0 0 rg BT 262.61 433.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.84 433.80 Td (0.3 ) Tj ET Q q 0 0 0 rg BT 290.84 433.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.95 433.80 Td ( ) Tj ET Q q 0 0 0 rg BT 315.95 433.80 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.17 433.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.17 433.80 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.17 433.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.17 433.80 Td ( ) Tj ET Q q 0 0 0 rg BT 362.17 433.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.72 433.80 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.72 433.80 Td (, ) Tj ET Q q 0 0 0 rg BT 395.72 433.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 433.85 433.80 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 415.20 Td (Investing ) Tj ET Q q 0 0 0 rg BT 80.68 415.20 Td (Activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 399.60 Td (Net ) Tj ET Q q 0 0 0 rg BT 63.05 399.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 79.27 399.60 Td (used ) Tj ET Q q 0 0 0 rg BT 95.93 399.60 Td (in ) Tj ET Q q 0 0 0 rg BT 104.15 399.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 140.37 399.60 Td (investing ) Tj ET Q q 0 0 0 rg BT 171.70 399.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 202.58 399.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 229.92 399.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 261.69 399.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.35 399.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 293.67 399.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 336.55 399.60 Td (for ) Tj ET Q q 0 0 0 rg BT 347.88 399.60 Td (property) Tj ET Q q 0 0 0 rg BT 374.46 399.60 Td (, ) Tj ET Q q 0 0 0 rg BT 378.46 399.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 396.45 399.60 Td (and ) Tj ET Q q 0 0 0 rg BT 410.00 399.60 Td (equipment.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 381.00 Td (Financing ) Tj ET Q q 0 0 0 rg BT 84.24 381.00 Td (Activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 365.40 Td (The ) Tj ET Q q 0 0 0 rg BT 64.06 365.40 Td (net ) Tj ET Q q 0 0 0 rg BT 75.95 365.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 92.29 365.40 Td (used ) Tj ET Q q 0 0 0 rg BT 109.07 365.40 Td (in ) Tj ET Q q 0 0 0 rg BT 117.42 365.40 Td (continuing ) Tj ET Q q 0 0 0 rg BT 153.76 365.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 186.09 365.40 Td (activities ) Tj ET Q q 0 0 0 rg BT 217.09 365.40 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.43 365.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.43 365.40 Td ( ) Tj ET Q q 0 0 0 rg BT 243.55 365.40 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.23 365.40 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.23 365.40 Td ( ) Tj ET Q q 0 0 0 rg BT 275.35 365.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 307.24 365.40 Td (reflects ) Tj ET Q q 0 0 0 rg BT 332.90 365.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 363.45 365.40 Td (repayments ) Tj ET Q q 0 0 0 rg BT 402.45 365.40 Td (made ) Tj ET Q q 0 0 0 rg BT 421.89 365.40 Td (on ) Tj ET Q q 0 0 0 rg BT 432.02 365.40 Td (our ) Tj ET Q q 0 0 0 rg BT 444.80 365.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 482.48 365.40 Td (under ) Tj ET Q q 0 0 0 rg BT 502.81 365.40 Td (the ) Tj ET Q q 0 0 0 rg BT 514.71 365.40 Td (2019 ) Tj ET Q q 0 0 0 rg BT 532.83 365.40 Td (and ) Tj ET Q q 0 0 0 rg BT 546.50 365.40 Td (2021 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 355.80 Td (Euro ) Tj ET Q q 0 0 0 rg BT 67.05 355.80 Td (Loans ) Tj ET Q q 0 0 0 rg BT 88.60 355.80 Td (of) Tj ET Q q 0 0 0 rg BT 95.12 355.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 108.67 355.80 Td (by ) Tj ET Q q 0 0 0 rg BT 118.67 355.80 Td (the ) Tj ET Q q 0 0 0 rg BT 130.45 355.80 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 160.88 355.80 Td (from ) Tj ET Q q 0 0 0 rg BT 178.43 355.80 Td (the ) Tj ET Q q 0 0 0 rg BT 190.20 355.80 Td (issuance ) Tj ET Q q 0 0 0 rg BT 219.30 355.80 Td (of ) Tj ET Q q 0 0 0 rg BT 227.96 355.80 Td (warrants ) Tj ET Q q 0 0 0 rg BT 257.51 355.80 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.73 355.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.73 355.80 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 340.20 Td (The ) Tj ET Q q 0 0 0 rg BT 64.40 340.20 Td (net ) Tj ET Q q 0 0 0 rg BT 76.63 340.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 93.31 340.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 124.21 340.20 Td (by ) Tj ET Q q 0 0 0 rg BT 134.67 340.20 Td (continuing ) Tj ET Q q 0 0 0 rg BT 171.35 340.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 204.02 340.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 235.36 340.20 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.04 340.20 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.04 340.20 Td ( ) Tj ET Q q 0 0 0 rg BT 262.50 340.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 294.73 340.20 Td (reflected ) Tj ET Q q 0 0 0 rg BT 325.17 340.20 Td (the ) Tj ET Q q 0 0 0 rg BT 337.41 340.20 Td (receipt ) Tj ET Q q 0 0 0 rg BT 361.63 340.20 Td (of ) Tj ET Q q 0 0 0 rg BT 370.75 340.20 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 401.64 340.20 Td (from ) Tj ET Q q 0 0 0 rg BT 419.66 340.20 Td (the ) Tj ET Q q 0 0 0 rg BT 431.89 340.20 Td (2021 ) Tj ET Q q 0 0 0 rg BT 450.35 340.20 Td (Euro ) Tj ET Q q 0 0 0 rg BT 468.36 340.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 487.26 340.20 Td (of) Tj ET Q q 0 0 0 rg BT 493.78 340.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 507.79 340.20 Td (by ) Tj ET Q q 0 0 0 rg BT 518.25 340.20 Td (the ) Tj ET Q q 0 0 0 rg BT 530.49 340.20 Td (use ) Tj ET Q q 0 0 0 rg BT 543.61 340.20 Td (of ) Tj ET Q q 0 0 0 rg BT 552.74 340.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 79.63 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 87.55 330.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 107.02 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 119.38 330.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 156.64 330.60 Td (under ) Tj ET Q q 0 0 0 rg BT 176.55 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 188.03 330.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 205.73 330.60 Td (PIK ) Tj ET Q q 0 0 0 rg BT 220.32 330.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 240.68 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 253.93 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 265.41 330.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 282.98 330.60 Td (T) Tj ET Q q 0 0 0 rg BT 287.31 330.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 301.45 330.60 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 321.59 330.60 Td (including ) Tj ET Q q 0 0 0 rg BT 353.51 330.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 385.87 330.60 Td (for ) Tj ET Q q 0 0 0 rg BT 396.89 330.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 433.69 330.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 448.27 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 461.52 330.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 496.10 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.47 330.60 Td (a ) Tj ET Q q 0 0 0 rg BT 509.72 330.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 534.52 330.60 Td (currency ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 321.00 Td (forward ) Tj ET Q q 0 0 0 rg BT 76.80 321.00 Td (contract ) Tj ET Q q 0 0 0 rg BT 104.54 321.00 Td (we ) Tj ET Q q 0 0 0 rg BT 115.85 321.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 141.37 321.00 Td (into ) Tj ET Q q 0 0 0 rg BT 155.80 321.00 Td (in ) Tj ET Q q 0 0 0 rg BT 164.00 321.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 201.08 321.00 Td (with ) Tj ET Q q 0 0 0 rg BT 217.28 321.00 Td (the ) Tj ET Q q 0 0 0 rg BT 229.04 321.00 Td (refinancing. ) Tj ET Q q 0 0 0 rg BT 269.30 321.00 Td (W) Tj ET Q q 0 0 0 rg BT 276.21 321.00 Td (e ) Tj ET Q q 0 0 0 rg BT 281.74 321.00 Td (also ) Tj ET Q q 0 0 0 rg BT 296.61 321.00 Td (received ) Tj ET Q q 0 0 0 rg BT 325.68 321.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 356.09 321.00 Td (of ) Tj ET Q q 0 0 0 rg BT 364.73 321.00 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.94 321.00 Td (7.0 ) Tj ET Q q 0 0 0 rg BT 392.92 321.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.03 321.00 Td ( ) Tj ET Q q 0 0 0 rg BT 418.01 321.00 Td (from ) Tj ET Q q 0 0 0 rg BT 435.54 321.00 Td (the ) Tj ET Q q 0 0 0 rg BT 447.30 321.00 Td (exercise ) Tj ET Q q 0 0 0 rg BT 475.48 321.00 Td (of ) Tj ET Q q 0 0 0 rg BT 484.13 321.00 Td (common ) Tj ET Q q 0 0 0 rg BT 514.10 321.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 532.97 321.00 Td (warrants.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 305.40 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 94.16 305.40 Td (Operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 289.80 Td (The ) Tj ET Q q 0 0 0 rg BT 63.74 289.80 Td (net ) Tj ET Q q 0 0 0 rg BT 75.32 289.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 91.34 289.80 Td (provided ) Tj ET Q q 0 0 0 rg BT 121.58 289.80 Td (by ) Tj ET Q q 0 0 0 rg BT 131.39 289.80 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 174.07 289.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 209.20 289.80 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.89 289.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.89 289.80 Td ( ) Tj ET Q q 0 0 0 rg BT 249.70 289.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 281.27 289.80 Td (reflects ) Tj ET Q q 0 0 0 rg BT 306.62 289.80 Td (the ) Tj ET Q q 0 0 0 rg BT 318.20 289.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 334.21 289.80 Td (received ) Tj ET Q q 0 0 0 rg BT 363.11 289.80 Td (from ) Tj ET Q q 0 0 0 rg BT 380.46 289.80 Td (the ) Tj ET Q q 0 0 0 rg BT 392.04 289.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 406.29 289.80 Td (of ) Tj ET Q q 0 0 0 rg BT 414.75 289.80 Td (our ) Tj ET Q q 0 0 0 rg BT 427.22 289.80 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 456.57 289.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 493.70 289.80 Td (of) Tj ET Q q 0 0 0 rg BT 500.22 289.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 513.58 289.80 Td (by ) Tj ET Q q 0 0 0 rg BT 523.38 289.80 Td (the ) Tj ET Q q 0 0 0 rg BT 534.96 289.80 Td (payment ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 280.20 Td (of ) Tj ET Q q 0 0 0 rg BT 58.23 280.20 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 93.17 280.20 Td (Fees ) Tj ET Q q 0 0 0 rg BT 109.91 280.20 Td (and ) Tj ET Q q 0 0 0 rg BT 123.53 280.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 149.14 280.20 Td (related ) Tj ET Q q 0 0 0 rg BT 172.98 280.20 Td (to ) Tj ET Q q 0 0 0 rg BT 181.27 280.20 Td (the ) Tj ET Q q 0 0 0 rg BT 193.11 280.20 Td (2019 ) Tj ET Q q 0 0 0 rg BT 211.18 280.20 Td (Euro ) Tj ET Q q 0 0 0 rg BT 228.80 280.20 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 249.16 280.20 Td (The ) Tj ET Q q 0 0 0 rg BT 263.67 280.20 Td (net ) Tj ET Q q 0 0 0 rg BT 275.51 280.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 291.80 280.20 Td (used ) Tj ET Q q 0 0 0 rg BT 308.53 280.20 Td (in ) Tj ET Q q 0 0 0 rg BT 316.83 280.20 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 359.78 280.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 395.17 280.20 Td (during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.13 280.20 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.13 280.20 Td ( ) Tj ET Q q 0 0 0 rg BT 436.20 280.20 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.82 280.20 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.82 280.20 Td ( ) Tj ET Q q 0 0 0 rg BT 467.89 280.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 499.73 280.20 Td (reflected ) Tj ET Q q 0 0 0 rg BT 529.78 280.20 Td (the ) Tj ET Q q 0 0 0 rg BT 541.62 280.20 Td (results ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 58.39 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 71.28 270.60 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 101.05 270.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 138.61 270.60 Td (including ) Tj ET Q q 0 0 0 rg BT 171.05 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 183.05 270.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 212.82 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 221.71 270.60 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 256.81 270.60 Td (Fees ) Tj ET Q q 0 0 0 rg BT 273.70 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 287.48 270.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 313.25 270.60 Td (related ) Tj ET Q q 0 0 0 rg BT 337.24 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 345.69 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 357.69 270.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 375.91 270.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 393.69 270.60 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 414.36 270.60 Td (See ) Tj ET Q q 0 0 0 rg BT 428.13 270.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 445.02 270.60 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.25 270.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 471.02 270.60 Td (3, ) Tj ET Q q 0 0 0 rg BT 479.25 270.60 Td ("Discontinued ) Tj ET Q q 0 0 0 rg BT 527.40 270.60 Td (Operations ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 261.00 Td (and ) Tj ET Q q 0 0 0 rg BT 62.61 261.00 Td (Assets ) Tj ET Q q 0 0 0 rg BT 85.50 261.00 Td (Held ) Tj ET Q q 0 0 0 rg BT 103.05 261.00 Td (for ) Tj ET Q q 0 0 0 rg BT 114.38 261.00 Td (Sale") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 131.42 261.00 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 239.40 Td (III\(b\) ) Tj ET Q q 0 0 0 rg BT 76.50 239.40 Td (Sour) Tj ET Q q 0 0 0 rg BT 92.80 239.40 Td (ces and Uses of Cash) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 223.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 65.26 223.80 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 94.80 223.80 Td (source ) Tj ET Q q 0 0 0 rg BT 118.99 223.80 Td (of ) Tj ET Q q 0 0 0 rg BT 128.97 223.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 146.51 223.80 Td (is ) Tj ET Q q 0 0 0 rg BT 155.16 223.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 188.25 223.80 Td (the ) Tj ET Q q 0 0 0 rg BT 201.34 223.80 Td (receipt ) Tj ET Q q 0 0 0 rg BT 226.41 223.80 Td (of ) Tj ET Q q 0 0 0 rg BT 236.40 223.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 270.37 223.80 Td (from ) Tj ET Q q 0 0 0 rg BT 289.24 223.80 Td (advertisers, ) Tj ET Q q 0 0 0 rg BT 329.21 223.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 368.07 223.80 Td (agencies ) Tj ET Q q 0 0 0 rg BT 398.93 223.80 Td (and ) Tj ET Q q 0 0 0 rg BT 413.80 223.80 Td (distributors ) Tj ET Q q 0 0 0 rg BT 453.56 223.80 Td (of ) Tj ET Q q 0 0 0 rg BT 463.54 223.80 Td (our ) Tj ET Q q 0 0 0 rg BT 477.52 223.80 Td (television ) Tj ET Q q 0 0 0 rg BT 511.94 223.80 Td (channels. ) Tj ET Q q 0 0 0 rg BT 544.52 223.80 Td (As ) Tj ET Q q 0 0 0 rg BT 556.72 223.80 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 214.20 Td (December31,2018, ) Tj ET Q q 0 0 0 rg BT 116.88 214.20 Td (we ) Tj ET Q q 0 0 0 rg BT 128.73 214.20 Td (also ) Tj ET Q q 0 0 0 rg BT 144.13 214.20 Td (had ) Tj ET Q q 0 0 0 rg BT 158.20 214.20 Td (available ) Tj ET Q q 0 0 0 rg BT 189.59 214.20 Td (the ) Tj ET Q q 0 0 0 rg BT 201.88 214.20 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 235.48 214.20 Td (principal ) Tj ET Q q 0 0 0 rg BT 266.43 214.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 292.95 214.20 Td (under ) Tj ET Q q 0 0 0 rg BT 313.68 214.20 Td (the ) Tj ET Q q 0 0 0 rg BT 325.97 214.20 Td (2023 ) Tj ET Q q 0 0 0 rg BT 344.48 214.20 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 380.33 214.20 Td (Credit ) Tj ET Q q 0 0 0 rg BT 402.85 214.20 Td (Facility ) Tj ET Q q 0 0 0 rg BT 429.80 214.20 Td (of ) Tj ET Q q 0 0 0 rg BT 438.98 214.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 455.73 214.20 Td (75.0 ) Tj ET Q q 0 0 0 rg BT 472.24 214.20 Td (million ) Tj ET Q q 0 0 0 rg BT 497.87 214.20 Td (\(see ) Tj ET Q q 0 0 0 rg BT 513.27 214.20 Td (Item ) Tj ET Q q 0 0 0 rg BT 530.45 214.20 Td (8,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.45 214.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 556.51 214.20 Td (5, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 204.60 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 88.20 204.60 Td (Debt ) Tj ET Q q 0 0 0 rg BT 104.98 204.60 Td (and ) Tj ET Q q 0 0 0 rg BT 117.76 204.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 137.20 204.60 Td (Financing ) Tj ET Q q 0 0 0 rg BT 170.16 204.60 Td (Arrangements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.74 204.60 Td (\). ) Tj ET Q q 0 0 0 rg BT 224.63 204.60 Td (Surplus ) Tj ET Q q 0 0 0 rg BT 250.31 204.60 Td (cash, ) Tj ET Q q 0 0 0 rg BT 267.75 204.60 Td (after ) Tj ET Q q 0 0 0 rg BT 283.63 204.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 309.74 204.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 337.19 204.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 373.74 204.60 Td (may ) Tj ET Q q 0 0 0 rg BT 388.75 204.60 Td (be ) Tj ET Q q 0 0 0 rg BT 397.52 204.60 Td (remitted ) Tj ET Q q 0 0 0 rg BT 425.41 204.60 Td (to ) Tj ET Q q 0 0 0 rg BT 432.86 204.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 443.20 204.60 Td (where ) Tj ET Q q 0 0 0 rg BT 463.97 204.60 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 503.62 204.60 Td (by ) Tj ET Q q 0 0 0 rg BT 512.85 204.60 Td (our ) Tj ET Q q 0 0 0 rg BT 524.74 204.60 Td (subsidiaries ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 195.00 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 195.00 Td (the ) Tj ET Q q 0 0 0 rg BT 69.50 195.00 Td (form ) Tj ET Q q 0 0 0 rg BT 87.05 195.00 Td (of ) Tj ET Q q 0 0 0 rg BT 95.71 195.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 111.48 195.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 137.03 195.00 Td (payments, ) Tj ET Q q 0 0 0 rg BT 171.69 195.00 Td (principal ) Tj ET Q q 0 0 0 rg BT 202.13 195.00 Td (repayments, ) Tj ET Q q 0 0 0 rg BT 243.00 195.00 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 278.11 195.00 Td (and ) Tj ET Q q 0 0 0 rg BT 291.66 195.00 Td (other ) Tj ET Q q 0 0 0 rg BT 310.10 195.00 Td (distributions ) Tj ET Q q 0 0 0 rg BT 352.10 195.00 Td (and ) Tj ET Q q 0 0 0 rg BT 365.65 195.00 Td (loans ) Tj ET Q q 0 0 0 rg BT 384.54 195.00 Td (from ) Tj ET Q q 0 0 0 rg BT 402.09 195.00 Td (our ) Tj ET Q q 0 0 0 rg BT 414.75 195.00 Td (subsidiaries.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 179.40 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 82.89 179.40 Td (law ) Tj ET Q q 0 0 0 rg BT 95.84 179.40 Td (in ) Tj ET Q q 0 0 0 rg BT 103.47 179.40 Td (the ) Tj ET Q q 0 0 0 rg BT 114.64 179.40 Td (Central ) Tj ET Q q 0 0 0 rg BT 139.59 179.40 Td (and ) Tj ET Q q 0 0 0 rg BT 152.54 179.40 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 177.93 179.40 Td (European ) Tj ET Q q 0 0 0 rg BT 209.98 179.40 Td (countries ) Tj ET Q q 0 0 0 rg BT 240.71 179.40 Td (in ) Tj ET Q q 0 0 0 rg BT 248.33 179.40 Td (which ) Tj ET Q q 0 0 0 rg BT 269.29 179.40 Td (we ) Tj ET Q q 0 0 0 rg BT 280.02 179.40 Td (operate ) Tj ET Q q 0 0 0 rg BT 304.96 179.40 Td (stipulates ) Tj ET Q q 0 0 0 rg BT 336.58 179.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 367.74 179.40 Td (that ) Tj ET Q q 0 0 0 rg BT 381.14 179.40 Td (dividends ) Tj ET Q q 0 0 0 rg BT 413.65 179.40 Td (may ) Tj ET Q q 0 0 0 rg BT 428.82 179.40 Td (be ) Tj ET Q q 0 0 0 rg BT 437.77 179.40 Td (declared ) Tj ET Q q 0 0 0 rg BT 466.27 179.40 Td (by ) Tj ET Q q 0 0 0 rg BT 475.67 179.40 Td (the ) Tj ET Q q 0 0 0 rg BT 486.84 179.40 Td (partners ) Tj ET Q q 0 0 0 rg BT 514.01 179.40 Td (or ) Tj ET Q q 0 0 0 rg BT 522.07 179.40 Td (shareholders ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 169.80 Td (out ) Tj ET Q q 0 0 0 rg BT 61.95 169.80 Td (of ) Tj ET Q q 0 0 0 rg BT 70.84 169.80 Td (yearly ) Tj ET Q q 0 0 0 rg BT 93.05 169.80 Td (profits ) Tj ET Q q 0 0 0 rg BT 116.16 169.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 141.04 169.80 Td (to ) Tj ET Q q 0 0 0 rg BT 149.49 169.80 Td (the ) Tj ET Q q 0 0 0 rg BT 161.49 169.80 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 204.14 169.80 Td (of ) Tj ET Q q 0 0 0 rg BT 213.03 169.80 Td (registered ) Tj ET Q q 0 0 0 rg BT 246.79 169.80 Td (capital, ) Tj ET Q q 0 0 0 rg BT 272.33 169.80 Td (required ) Tj ET Q q 0 0 0 rg BT 301.21 169.80 Td (reserves ) Tj ET Q q 0 0 0 rg BT 329.64 169.80 Td (\(if ) Tj ET Q q 0 0 0 rg BT 339.42 169.80 Td (applicable\) ) Tj ET Q q 0 0 0 rg BT 377.18 169.80 Td (and ) Tj ET Q q 0 0 0 rg BT 390.95 169.80 Td (after ) Tj ET Q q 0 0 0 rg BT 407.83 169.80 Td (the ) Tj ET Q q 0 0 0 rg BT 419.83 169.80 Td (recovery ) Tj ET Q q 0 0 0 rg BT 450.03 169.80 Td (of ) Tj ET Q q 0 0 0 rg BT 458.92 169.80 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 501.57 169.80 Td (losses. ) Tj ET Q q 0 0 0 rg BT 524.75 169.80 Td (The ) Tj ET Q q 0 0 0 rg BT 539.41 169.80 Td (reserve ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 160.20 Td (requirement ) Tj ET Q q 0 0 0 rg BT 89.92 160.20 Td (restriction ) Tj ET Q q 0 0 0 rg BT 124.13 160.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 155.66 160.20 Td (provides ) Tj ET Q q 0 0 0 rg BT 184.98 160.20 Td (that ) Tj ET Q q 0 0 0 rg BT 198.75 160.20 Td (before ) Tj ET Q q 0 0 0 rg BT 220.95 160.20 Td (dividends ) Tj ET Q q 0 0 0 rg BT 253.83 160.20 Td (may ) Tj ET Q q 0 0 0 rg BT 269.38 160.20 Td (be ) Tj ET Q q 0 0 0 rg BT 278.70 160.20 Td (distributed, ) Tj ET Q q 0 0 0 rg BT 316.69 160.20 Td (a ) Tj ET Q q 0 0 0 rg BT 322.01 160.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 346.89 160.20 Td (of ) Tj ET Q q 0 0 0 rg BT 355.33 160.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 378.42 160.20 Td (net ) Tj ET Q q 0 0 0 rg BT 389.97 160.20 Td (profits ) Tj ET Q q 0 0 0 rg BT 412.63 160.20 Td (\(typically ) Tj ET Q q 0 0 0 rg BT 445.05 160.20 Td (at ) Tj ET Q q 0 0 0 rg BT 452.60 160.20 Td (least ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.03 160.20 Td (5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.69 160.20 Td (\) ) Tj ET Q q 0 0 0 rg BT 484.13 160.20 Td (be ) Tj ET Q q 0 0 0 rg BT 493.45 160.20 Td (allocated ) Tj ET Q q 0 0 0 rg BT 524.09 160.20 Td (to ) Tj ET Q q 0 0 0 rg BT 532.09 160.20 Td (a ) Tj ET Q q 0 0 0 rg BT 537.41 160.20 Td (reserve, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (which ) Tj ET Q q 0 0 0 rg BT 71.04 150.60 Td (is ) Tj ET Q q 0 0 0 rg BT 78.36 150.60 Td (capped ) Tj ET Q q 0 0 0 rg BT 103.00 150.60 Td (at ) Tj ET Q q 0 0 0 rg BT 110.76 150.60 Td (a ) Tj ET Q q 0 0 0 rg BT 116.29 150.60 Td (proportion ) Tj ET Q q 0 0 0 rg BT 152.05 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.71 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.46 150.60 Td (registered ) Tj ET Q q 0 0 0 rg BT 205.99 150.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 229.30 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 237.95 150.60 Td (a ) Tj ET Q q 0 0 0 rg BT 243.48 150.60 Td (company ) Tj ET Q q 0 0 0 rg BT 274.79 150.60 Td (\(ranging ) Tj ET Q q 0 0 0 rg BT 303.88 150.60 Td (from ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.42 150.60 Td (5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.08 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 334.07 150.60 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.28 150.60 Td (20%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.94 150.60 Td (\). ) Tj ET Q q 0 0 0 rg BT 363.45 150.60 Td (There ) Tj ET Q q 0 0 0 rg BT 384.09 150.60 Td (are ) Tj ET Q q 0 0 0 rg BT 395.84 150.60 Td (no ) Tj ET Q q 0 0 0 rg BT 405.83 150.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 442.02 150.60 Td 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570.73 Td (4,431) Tj ET Q BT /F1 8.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 548.40 Td (Long-T) Tj ET Q q 0 0 0 rg BT 72.33 548.40 Td (erm ) Tj ET Q q 0 0 0 rg BT 86.77 548.40 Td (Debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 532.80 Td (For ) Tj ET Q q 0 0 0 rg BT 62.54 532.80 Td (more ) Tj ET Q q 0 0 0 rg BT 80.90 532.80 Td (information ) Tj ET Q q 0 0 0 rg BT 120.59 532.80 Td (on ) Tj ET Q q 0 0 0 rg BT 130.51 532.80 Td (our ) Tj ET Q q 0 0 0 rg BT 143.10 532.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 176.57 532.80 Td (debt, ) Tj ET Q q 0 0 0 rg BT 194.26 532.80 Td (see ) Tj ET Q q 0 0 0 rg BT 206.40 532.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 222.99 532.80 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.91 532.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 248.38 532.80 Td (5, ) Tj ET Q q 0 0 0 rg BT 256.30 532.80 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 295.70 532.80 Td (Debt ) Tj ET Q q 0 0 0 rg BT 313.18 532.80 Td (and ) Tj ET Q q 0 0 0 rg BT 326.65 532.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 346.79 532.80 Td (Financing ) Tj ET Q q 0 0 0 rg BT 380.28 532.80 Td (Arrangements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.87 532.80 Td (. ) Tj ET Q q 0 0 0 rg BT 432.79 532.80 Td (Interest ) Tj ET Q q 0 0 0 rg BT 458.70 532.80 Td (payable ) Tj ET Q q 0 0 0 rg BT 485.50 532.80 Td (on ) Tj ET Q q 0 0 0 rg BT 495.42 532.80 Td (our ) Tj ET Q q 0 0 0 rg BT 508.01 532.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 541.48 532.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 557.17 532.80 Td (is ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 523.20 Td (calculated ) Tj ET Q q 0 0 0 rg BT 83.90 523.20 Td (using ) Tj ET Q q 0 0 0 rg BT 103.22 523.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 128.75 523.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 145.84 523.20 Td (and ) Tj ET Q q 0 0 0 rg BT 159.37 523.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 191.55 523.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 208.64 523.20 Td (as ) Tj ET Q q 0 0 0 rg BT 217.29 523.20 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.04 523.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 271.89 523.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.89 523.20 Td (. ) Tj ET Q q 0 0 0 rg BT 291.87 523.20 Td (On ) Tj ET Q q 0 0 0 rg BT 303.63 523.20 Td (January ) Tj ET Q q 0 0 0 rg BT 330.49 523.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 342.48 523.20 Td (2019, ) Tj ET Q q 0 0 0 rg BT 362.46 523.20 Td (we ) Tj ET Q q 0 0 0 rg BT 373.77 523.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 389.53 523.20 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.51 523.20 Td (60.0 ) Tj ET Q q 0 0 0 rg BT 423.49 523.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 523.20 Td ( ) Tj ET Q q 0 0 0 rg BT 448.59 523.20 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 499.44 523.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.65 523.20 Td (68.9 ) Tj ET Q q 0 0 0 rg BT 531.63 523.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.74 523.20 Td ( ) Tj ET Q q 0 0 0 rg BT 556.73 523.20 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 513.60 Td (January ) Tj ET Q q 0 0 0 rg BT 76.03 513.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 87.69 513.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 105.34 513.60 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 124.76 513.60 Td (of ) Tj ET Q q 0 0 0 rg BT 133.08 513.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.51 513.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 183.49 513.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 213.58 513.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 239.66 513.60 Td (of ) Tj ET Q q 0 0 0 rg BT 247.98 513.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.41 513.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 277.06 513.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 294.27 513.60 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 314.24 513.60 Td (There ) Tj ET Q q 0 0 0 rg BT 334.55 513.60 Td (is ) Tj ET Q q 0 0 0 rg BT 341.54 513.60 Td (now ) Tj ET Q q 0 0 0 rg BT 356.97 513.60 Td (EUR ) Tj ET Q q 0 0 0 rg BT 374.62 513.60 Td (150.3 ) Tj ET Q q 0 0 0 rg BT 394.28 513.60 Td (million ) Tj ET Q q 0 0 0 rg BT 419.04 513.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 458.03 513.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 488.12 513.60 Td (on ) Tj ET Q q 0 0 0 rg BT 497.77 513.60 Td (the ) Tj ET Q q 0 0 0 rg BT 509.20 513.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 526.85 513.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 544.06 513.60 Td (Loan.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 495.00 Td (Unconditional ) Tj ET Q q 0 0 0 rg BT 97.72 495.00 Td (Pur) Tj ET Q q 0 0 0 rg BT 109.42 495.00 Td (chase ) Tj ET Q q 0 0 0 rg BT 129.64 495.00 Td (Obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 479.40 Td (Unconditional ) Tj ET Q q 0 0 0 rg BT 98.05 479.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 129.26 479.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 167.59 479.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 200.14 479.40 Td (comprise ) Tj ET Q q 0 0 0 rg BT 232.24 479.40 Td (future ) Tj ET Q q 0 0 0 rg BT 254.13 479.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 300.45 479.40 Td (commitments.) Tj ET Q q 0 0 0 rg BT 347.56 479.40 Td (At ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.34 479.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 405.99 479.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.99 479.40 Td (, ) Tj ET Q q 0 0 0 rg BT 426.77 479.40 Td (we ) Tj ET Q q 0 0 0 rg BT 438.87 479.40 Td (had ) Tj ET Q q 0 0 0 rg BT 453.20 479.40 Td (commitments ) Tj ET Q q 0 0 0 rg BT 499.53 479.40 Td (in ) Tj ET Q q 0 0 0 rg BT 508.54 479.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 533.97 479.40 Td (of ) Tj ET Q q 0 0 0 rg BT 543.41 479.40 Td (future ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 469.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 95.05 469.80 Td (of ) Tj ET Q q 0 0 0 rg BT 103.71 469.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.94 469.80 Td (62.8 ) Tj ET Q q 0 0 0 rg BT 135.94 469.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 159.05 469.80 Td (. ) Tj ET Q q 0 0 0 rg BT 162.91 469.80 Td (This ) Tj ET Q q 0 0 0 rg BT 179.13 469.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 207.79 469.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 238.66 469.80 Td (signed ) Tj ET Q q 0 0 0 rg BT 261.55 469.80 Td (with ) Tj ET Q q 0 0 0 rg BT 277.77 469.80 Td (license ) Tj ET Q q 0 0 0 rg BT 301.98 469.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 327.54 469.80 Td (starting ) Tj ET Q q 0 0 0 rg BT 353.53 469.80 Td (after ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.18 469.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 417.05 469.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.05 469.80 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 451.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 84.39 451.20 Td (Leases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 435.60 Td (For ) Tj ET Q q 0 0 0 rg BT 62.61 435.60 Td (more ) Tj ET Q q 0 0 0 rg BT 81.05 435.60 Td (information ) Tj ET Q q 0 0 0 rg BT 120.82 435.60 Td (on ) Tj ET Q q 0 0 0 rg BT 130.82 435.60 Td (our ) Tj ET Q q 0 0 0 rg BT 143.48 435.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 175.70 435.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 193.68 435.60 Td (commitments ) Tj ET Q q 0 0 0 rg BT 239.23 435.60 Td (see ) Tj ET Q q 0 0 0 rg BT 251.45 435.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 268.11 435.60 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 276.11 435.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 293.66 435.60 Td (21, ) Tj ET Q q 0 0 0 rg BT 305.66 435.60 Td ("Commitments ) Tj ET Q q 0 0 0 rg BT 356.26 435.60 Td (and ) Tj ET Q q 0 0 0 rg BT 369.81 435.60 Td (Contingencies") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.85 435.60 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 417.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 70.16 417.00 Td (Long-T) Tj ET Q q 0 0 0 rg BT 92.99 417.00 Td (erm ) Tj ET Q q 0 0 0 rg BT 107.43 417.00 Td (Obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 401.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 69.71 401.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 103.26 401.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 140.82 401.40 Td (are ) Tj ET Q q 0 0 0 rg BT 152.58 401.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 184.35 401.40 Td (comprised ) Tj ET Q q 0 0 0 rg BT 219.68 401.40 Td (of ) Tj ET Q q 0 0 0 rg BT 228.34 401.40 Td (digital ) Tj ET Q q 0 0 0 rg BT 250.78 401.40 Td (transmission ) Tj ET Q q 0 0 0 rg BT 293.23 401.40 Td (commitments.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 382.80 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 367.20 Td (T) Tj ET Q q 0 0 0 rg BT 53.83 367.20 Td (op ) Tj ET Q q 0 0 0 rg BT 63.74 367.20 Td (T) Tj ET Q q 0 0 0 rg BT 68.07 367.20 Td (one ) Tj ET Q q 0 0 0 rg BT 81.68 367.20 Td (Media ) Tj ET Q q 0 0 0 rg BT 104.18 367.20 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 135.57 367.20 Td (Limited ) Tj ET Q q 0 0 0 rg BT 162.96 367.20 Td (has ) Tj ET Q q 0 0 0 rg BT 175.69 367.20 Td (exercised ) Tj ET Q q 0 0 0 rg BT 207.95 367.20 Td (its ) Tj ET Q q 0 0 0 rg BT 217.57 367.20 Td (right ) Tj ET Q q 0 0 0 rg BT 234.74 367.20 Td (to ) Tj ET Q q 0 0 0 rg BT 243.02 367.20 Td (acquire ) Tj ET Q q 0 0 0 rg BT 268.62 367.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 302.68 367.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 324.73 367.20 Td (in ) Tj ET Q q 0 0 0 rg BT 333.02 367.20 Td (CME ) Tj ET Q q 0 0 0 rg BT 352.41 367.20 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 382.02 367.20 Td (B.V) Tj ET Q q 0 0 0 rg BT 394.10 367.20 Td (. ) Tj ET Q q 0 0 0 rg BT 398.16 367.20 Td (However) Tj ET Q q 0 0 0 rg BT 427.16 367.20 Td (, ) Tj ET Q q 0 0 0 rg BT 431.22 367.20 Td (the ) Tj ET Q q 0 0 0 rg BT 443.06 367.20 Td (closing ) Tj ET Q q 0 0 0 rg BT 468.23 367.20 Td (of ) Tj ET Q q 0 0 0 rg BT 476.95 367.20 Td (this ) Tj ET Q q 0 0 0 rg BT 490.57 367.20 Td (transaction ) Tj ET Q q 0 0 0 rg BT 527.73 367.20 Td (has ) Tj ET Q q 0 0 0 rg BT 540.45 367.20 Td (not ) Tj ET Q q 0 0 0 rg BT 552.74 367.20 Td (yet ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 357.60 Td (occurred ) Tj ET Q q 0 0 0 rg BT 79.45 357.60 Td (because ) Tj ET Q q 0 0 0 rg BT 106.73 357.60 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 139.79 357.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 171.97 357.60 Td (is ) Tj ET Q q 0 0 0 rg BT 179.27 357.60 Td (still ) Tj ET Q q 0 0 0 rg BT 193.24 357.60 Td (pending. ) Tj ET Q q 0 0 0 rg BT 222.98 357.60 Td (If ) Tj ET Q q 0 0 0 rg BT 230.28 357.60 Td (consummated, ) Tj ET Q q 0 0 0 rg BT 278.68 357.60 Td (we ) Tj ET Q q 0 0 0 rg BT 289.97 357.60 Td (would ) Tj ET Q q 0 0 0 rg BT 311.94 357.60 Td (own90.0%of ) Tj ET Q q 0 0 0 rg BT 359.01 357.60 Td (our ) Tj ET Q q 0 0 0 rg BT 371.64 357.60 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 401.16 357.60 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 433.78 357.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 470.92 357.60 Td (The ) Tj ET Q q 0 0 0 rg BT 485.33 357.60 Td (option ) Tj ET Q q 0 0 0 rg BT 507.74 357.60 Td (strike ) Tj ET Q q 0 0 0 rg BT 527.48 357.60 Td (price ) Tj ET Q q 0 0 0 rg BT 545.44 357.60 Td (is ) Tj ET Q q 0 0 0 rg BT 552.74 357.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 348.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 62.60 348.00 Td (value ) Tj ET Q q 0 0 0 rg BT 81.93 348.00 Td (of ) Tj ET Q q 0 0 0 rg BT 90.59 348.00 Td (the ) Tj ET Q q 0 0 0 rg BT 102.36 348.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 124.36 348.00 Td (in ) Tj ET Q q 0 0 0 rg BT 132.58 348.00 Td (CME ) Tj ET Q q 0 0 0 rg BT 151.92 348.00 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 183.46 348.00 Td (as ) Tj ET Q q 0 0 0 rg BT 192.13 348.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 230.11 348.00 Td (by ) Tj ET Q q 0 0 0 rg BT 240.11 348.00 Td (an ) Tj ET Q q 0 0 0 rg BT 249.66 348.00 Td (independent ) Tj ET Q q 0 0 0 rg BT 290.76 348.00 Td (valuation.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 326.40 Td (III\(d\) ) Tj ET Q q 0 0 0 rg BT 76.50 326.40 Td (Cash Outlook) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 310.80 Td (Because ) Tj ET Q q 0 0 0 rg BT 77.41 310.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 92.88 310.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 111.91 310.80 Td (from ) Tj ET Q q 0 0 0 rg BT 128.72 310.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.19 310.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 190.32 310.80 Td (were ) Tj ET Q q 0 0 0 rg BT 207.12 310.80 Td (negative ) Tj ET Q q 0 0 0 rg BT 235.47 310.80 Td (from ) Tj ET Q q 0 0 0 rg BT 252.28 310.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 269.54 310.80 Td (to ) Tj ET Q q 0 0 0 rg BT 277.01 310.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 296.27 310.80 Td (we ) Tj ET Q q 0 0 0 rg BT 306.85 310.80 Td (relied ) Tj ET Q q 0 0 0 rg BT 326.32 310.80 Td (on ) Tj ET Q q 0 0 0 rg BT 335.58 310.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 356.83 310.80 Td (and ) Tj ET Q q 0 0 0 rg BT 369.63 310.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 384.66 310.80 Td (financings ) Tj ET Q q 0 0 0 rg BT 419.24 310.80 Td (to ) Tj ET Q q 0 0 0 rg BT 426.72 310.80 Td (ensure ) Tj ET Q q 0 0 0 rg BT 448.86 310.80 Td (adequate ) Tj ET Q q 0 0 0 rg BT 478.54 310.80 Td (funding ) Tj ET Q q 0 0 0 rg BT 504.68 310.80 Td (for ) Tj ET Q q 0 0 0 rg BT 515.27 310.80 Td (our ) Tj ET Q q 0 0 0 rg BT 527.19 310.80 Td (operations. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 301.20 Td (Since ) Tj ET Q q 0 0 0 rg BT 69.57 301.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 89.87 301.20 Td (our ) Tj ET Q q 0 0 0 rg BT 102.83 301.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.34 301.20 Td (flow ) Tj ET Q q 0 0 0 rg BT 136.31 301.20 Td (from ) Tj ET Q q 0 0 0 rg BT 154.15 301.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 186.66 301.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 217.84 301.20 Td (has ) Tj ET Q q 0 0 0 rg BT 230.80 301.20 Td (been ) Tj ET Q q 0 0 0 rg BT 248.20 301.20 Td (positive ) Tj ET Q q 0 0 0 rg BT 275.83 301.20 Td (and ) Tj ET Q q 0 0 0 rg BT 289.68 301.20 Td (our ) Tj ET Q q 0 0 0 rg BT 302.64 301.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 317.83 301.20 Td (of ) Tj ET Q q 0 0 0 rg BT 326.79 301.20 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 362.41 301.20 Td (has ) Tj ET Q q 0 0 0 rg BT 375.38 301.20 Td (consistently ) Tj ET Q q 0 0 0 rg BT 415.89 301.20 Td (decreased. ) Tj ET Q q 0 0 0 rg BT 451.72 301.20 Td (For ) Tj ET Q q 0 0 0 rg BT 465.13 301.20 Td (the ) Tj ET Q q 0 0 0 rg BT 477.20 301.20 Td (year ) Tj ET Q q 0 0 0 rg BT 493.27 301.20 Td (ending ) Tj ET Q q 0 0 0 rg BT 517.34 301.20 Td (December ) Tj ET Q q 0 0 0 rg BT 552.50 301.20 Td (31, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 291.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 69.44 291.60 Td (net ) Tj ET Q q 0 0 0 rg BT 81.15 291.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 97.30 291.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 130.32 291.60 Td (from ) Tj ET Q q 0 0 0 rg BT 147.81 291.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 183.97 291.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 219.23 291.60 Td (and ) Tj ET Q q 0 0 0 rg BT 232.71 291.60 Td (unlevered ) Tj ET Q q 0 0 0 rg BT 266.19 291.60 Td (free ) Tj ET Q q 0 0 0 rg BT 280.56 291.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 296.71 291.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 313.31 291.60 Td (were ) Tj ET Q q 0 0 0 rg BT 330.79 291.60 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.95 291.60 Td (109.0 ) Tj ET Q q 0 0 0 rg BT 366.89 291.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.00 291.60 Td ( ) Tj ET Q q 0 0 0 rg BT 391.94 291.60 Td (and ) Tj ET Q q 0 0 0 rg BT 405.42 291.60 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.59 291.60 Td (156.0 ) Tj ET Q q 0 0 0 rg BT 441.52 291.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.64 291.60 Td (, ) Tj ET Q q 0 0 0 rg BT 468.57 291.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 506.70 291.60 Td (, ) Tj ET Q q 0 0 0 rg BT 510.64 291.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 544.12 291.60 Td (to ) Tj ET Q q 0 0 0 rg BT 552.27 291.60 Td (US) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 282.00 Td ($ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.51 282.00 Td (93.3 ) Tj ET Q q 0 0 0 rg BT 71.53 282.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 94.64 282.00 Td ( ) Tj ET Q q 0 0 0 rg BT 96.65 282.00 Td (and ) Tj ET Q q 0 0 0 rg BT 110.22 282.00 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 126.46 282.00 Td (120.9 ) Tj ET Q q 0 0 0 rg BT 146.47 282.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.59 282.00 Td ( ) Tj ET Q q 0 0 0 rg BT 171.60 282.00 Td (for ) Tj ET Q q 0 0 0 rg BT 182.94 282.00 Td (the ) Tj ET Q q 0 0 0 rg BT 194.73 282.00 Td (year ) Tj ET Q q 0 0 0 rg BT 210.51 282.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 231.62 282.00 Td (December ) Tj ET Q q 0 0 0 rg BT 266.50 282.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 278.52 282.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 296.53 282.00 Td (\(see ) Tj ET Q q 0 0 0 rg BT 311.42 282.00 Td (Section ) Tj ET Q q 0 0 0 rg BT 337.43 282.00 Td (I, ) Tj ET Q q 0 0 0 rg BT 344.11 282.00 Td ("Overview"\). ) Tj ET Q q 0 0 0 rg BT 388.42 282.00 Td (As ) Tj ET Q q 0 0 0 rg BT 399.32 282.00 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.11 282.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 453.99 282.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.99 282.00 Td (, ) Tj ET Q q 0 0 0 rg BT 474.00 282.00 Td (we ) Tj ET Q q 0 0 0 rg BT 485.35 282.00 Td (had ) Tj ET Q q 0 0 0 rg BT 498.91 282.00 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.15 282.00 Td (62.0 ) Tj ET Q q 0 0 0 rg BT 531.17 282.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.28 282.00 Td ( ) Tj ET Q q 0 0 0 rg BT 556.29 282.00 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 272.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 65.71 272.40 Td (and ) Tj ET Q q 0 0 0 rg BT 79.27 272.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 95.48 272.40 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 133.91 272.40 Td (and ) Tj ET Q q 0 0 0 rg BT 147.46 272.40 Td (our ) Tj ET Q q 0 0 0 rg BT 160.13 272.40 Td (nearest ) Tj ET Q q 0 0 0 rg BT 184.78 272.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 200.55 272.40 Td (maturity ) Tj ET Q q 0 0 0 rg BT 229.66 272.40 Td (is ) Tj ET Q q 0 0 0 rg BT 237.00 272.40 Td (November ) Tj ET Q q 0 0 0 rg BT 272.76 272.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 280.76 272.40 Td (2021.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 256.80 Td (In ) Tj ET Q q 0 0 0 rg BT 58.17 256.80 Td (2018, ) Tj ET Q q 0 0 0 rg BT 78.17 256.80 Td (we ) Tj ET Q q 0 0 0 rg BT 89.50 256.80 Td (repaid ) Tj ET Q q 0 0 0 rg BT 111.49 256.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 159.70 256.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 175.93 256.80 Td (312.0 ) Tj ET Q q 0 0 0 rg BT 195.93 256.80 Td (million ) Tj ET Q q 0 0 0 rg BT 221.04 256.80 Td (of ) Tj ET Q q 0 0 0 rg BT 229.71 256.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 245.48 256.80 Td (and ) Tj ET Q q 0 0 0 rg BT 259.04 256.80 Td (related ) Tj ET Q q 0 0 0 rg BT 282.80 256.80 Td (payables ) Tj ET Q q 0 0 0 rg BT 312.79 256.80 Td (with ) Tj ET Q q 0 0 0 rg BT 329.02 256.80 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 359.45 256.80 Td (from ) Tj ET Q q 0 0 0 rg BT 377.00 256.80 Td (the ) Tj ET Q q 0 0 0 rg BT 388.78 256.80 Td (exercise ) Tj ET Q q 0 0 0 rg BT 416.98 256.80 Td (of ) Tj ET Q q 0 0 0 rg BT 425.65 256.80 Td (warrants, ) Tj ET Q q 0 0 0 rg BT 457.19 256.80 Td (the ) Tj ET Q q 0 0 0 rg BT 468.97 256.80 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 499.40 256.80 Td (from ) Tj ET Q q 0 0 0 rg BT 516.95 256.80 Td (the ) Tj ET Q q 0 0 0 rg BT 528.73 256.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 543.17 256.80 Td (of ) Tj ET Q q 0 0 0 rg BT 551.83 256.80 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 247.20 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 78.97 247.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 114.21 247.20 Td (and ) Tj ET Q q 0 0 0 rg BT 127.68 247.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 143.81 247.20 Td (flow ) Tj ET Q q 0 0 0 rg BT 160.40 247.20 Td (from ) Tj ET Q q 0 0 0 rg BT 177.87 247.20 Td (operations. ) Tj ET Q q 0 0 0 rg BT 215.11 247.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 229.47 247.20 Td (net ) Tj ET Q q 0 0 0 rg BT 241.16 247.20 Td (leverage ) Tj ET Q q 0 0 0 rg BT 270.17 247.20 Td (as ) Tj ET Q q 0 0 0 rg BT 278.75 247.20 Td (at ) Tj ET Q q 0 0 0 rg BT 286.45 247.20 Td (December ) Tj ET Q q 0 0 0 rg BT 321.23 247.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 333.15 247.20 Td (2018, ) Tj ET Q q 0 0 0 rg BT 353.07 247.20 Td (improved ) Tj ET Q q 0 0 0 rg BT 385.65 247.20 Td (to ) Tj ET Q q 0 0 0 rg BT 393.79 247.20 Td (3.5x ) Tj ET Q q 0 0 0 rg BT 409.71 247.20 Td (from ) Tj ET Q q 0 0 0 rg BT 427.18 247.20 Td (5.4x ) Tj ET Q q 0 0 0 rg BT 443.10 247.20 Td (as ) Tj ET Q q 0 0 0 rg BT 451.68 247.20 Td (of ) Tj ET Q q 0 0 0 rg BT 460.26 247.20 Td (December ) Tj ET Q q 0 0 0 rg BT 495.05 247.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 506.97 247.20 Td (2017. ) Tj ET Q q 0 0 0 rg BT 526.46 247.20 Td (As ) Tj ET Q q 0 0 0 rg BT 537.27 247.20 Td (a ) Tj ET Q q 0 0 0 rg BT 542.74 247.20 Td (result, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 237.60 Td (as ) Tj ET Q q 0 0 0 rg BT 59.15 237.60 Td (at ) Tj ET Q q 0 0 0 rg BT 67.90 237.60 Td (December31,2018, ) Tj ET Q q 0 0 0 rg BT 135.75 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 148.50 237.60 Td (weighted ) Tj ET Q q 0 0 0 rg BT 180.81 237.60 Td (average ) Tj ET Q q 0 0 0 rg BT 208.66 237.60 Td (all-in ) Tj ET Q q 0 0 0 rg BT 228.52 237.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 243.49 237.60 Td (\(comprising ) Tj ET Q q 0 0 0 rg BT 285.13 237.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 311.66 237.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.19 237.60 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 362.04 237.60 Td (Fees\) ) Tj ET Q q 0 0 0 rg BT 382.35 237.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 418.21 237.60 Td (to ) Tj ET Q q 0 0 0 rg BT 427.41 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 440.16 237.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 458.70 237.60 Td (Loans ) Tj ET Q q 0 0 0 rg BT 481.23 237.60 Td (was ) Tj ET Q q 0 0 0 rg BT 496.65 237.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 545.84 237.60 Td (3.5% ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 228.00 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 100.39 228.00 Td (6.0% ) Tj ET Q q 0 0 0 rg BT 119.07 228.00 Td (as ) Tj ET Q q 0 0 0 rg BT 127.75 228.00 Td (of ) Tj ET Q q 0 0 0 rg BT 136.43 228.00 Td (December ) Tj ET Q q 0 0 0 rg BT 171.32 228.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 183.34 228.00 Td (2017\). ) Tj ET Q q 0 0 0 rg BT 206.02 228.00 Td (On ) Tj ET Q q 0 0 0 rg BT 217.81 228.00 Td (January ) Tj ET Q q 0 0 0 rg BT 244.71 228.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 256.73 228.00 Td (2019, ) Tj ET Q q 0 0 0 rg BT 276.74 228.00 Td (we ) Tj ET Q q 0 0 0 rg BT 288.09 228.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 303.88 228.00 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.90 228.00 Td (60.0 ) Tj ET Q q 0 0 0 rg BT 337.92 228.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.03 228.00 Td ( ) Tj ET Q q 0 0 0 rg BT 363.05 228.00 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 413.94 228.00 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.18 228.00 Td (68.9 ) Tj ET Q q 0 0 0 rg BT 446.20 228.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.31 228.00 Td ( ) Tj ET Q q 0 0 0 rg BT 471.33 228.00 Td (at ) Tj ET Q q 0 0 0 rg BT 479.12 228.00 Td (January ) Tj ET Q q 0 0 0 rg BT 506.02 228.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 518.03 228.00 Td (2019 ) Tj ET Q q 0 0 0 rg BT 536.05 228.00 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 555.83 228.00 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 218.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.14 218.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 100.33 218.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 130.63 218.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 156.91 218.40 Td (of ) Tj ET Q q 0 0 0 rg BT 165.44 218.40 Td (the ) Tj ET Q q 0 0 0 rg BT 177.08 218.40 Td (2021 ) Tj ET Q q 0 0 0 rg BT 194.94 218.40 Td (Euro ) Tj ET Q q 0 0 0 rg BT 212.35 218.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 230.65 218.40 Td (with ) Tj ET Q q 0 0 0 rg BT 246.74 218.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 262.81 218.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 295.77 218.40 Td (by ) Tj ET Q q 0 0 0 rg BT 305.63 218.40 Td (our ) Tj ET Q q 0 0 0 rg BT 318.15 218.40 Td (operations. ) Tj ET Q q 0 0 0 rg BT 355.21 218.40 Td (W) Tj ET Q q 0 0 0 rg BT 362.12 218.40 Td (e ) Tj ET Q q 0 0 0 rg BT 367.53 218.40 Td (expect ) Tj ET Q q 0 0 0 rg BT 390.27 218.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 406.34 218.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 421.98 218.40 Td (for ) Tj ET Q q 0 0 0 rg BT 433.17 218.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 458.58 218.40 Td (and ) Tj ET Q q 0 0 0 rg BT 471.99 218.40 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 506.72 218.40 Td (Fees ) Tj ET Q q 0 0 0 rg BT 523.25 218.40 Td (to ) Tj ET Q q 0 0 0 rg BT 531.33 218.40 Td (decline ) Tj ET Q q 0 0 0 rg BT 556.29 218.40 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 208.80 Td (2019 ) Tj ET Q q 0 0 0 rg BT 67.50 208.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 101.04 208.80 Td (to ) Tj ET Q q 0 0 0 rg BT 109.26 208.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 127.26 208.80 Td (due ) Tj ET Q q 0 0 0 rg BT 140.81 208.80 Td (to ) Tj ET Q q 0 0 0 rg BT 149.04 208.80 Td (the ) Tj ET Q q 0 0 0 rg BT 160.81 208.80 Td (reduction ) Tj ET Q q 0 0 0 rg BT 193.02 208.80 Td (in ) Tj ET Q q 0 0 0 rg BT 201.24 208.80 Td (our ) Tj ET Q q 0 0 0 rg BT 213.91 208.80 Td (overall ) Tj ET Q q 0 0 0 rg BT 238.12 208.80 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 281.44 208.80 Td (and ) Tj ET Q q 0 0 0 rg BT 294.99 208.80 Td (a ) Tj ET Q q 0 0 0 rg BT 300.54 208.80 Td (lower ) Tj ET Q q 0 0 0 rg BT 320.76 208.80 Td (weighted ) Tj ET Q q 0 0 0 rg BT 352.08 208.80 Td (average ) Tj ET Q q 0 0 0 rg BT 378.95 208.80 Td (all-in ) Tj ET Q q 0 0 0 rg BT 397.83 208.80 Td (rate.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 193.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 193.20 Td (e ) Tj ET Q q 0 0 0 rg BT 61.80 193.20 Td (expect ) Tj ET Q q 0 0 0 rg BT 84.51 193.20 Td (our ) Tj ET Q q 0 0 0 rg BT 97.00 193.20 Td (unlevered ) Tj ET Q q 0 0 0 rg BT 130.38 193.20 Td (free ) Tj ET Q q 0 0 0 rg BT 144.64 193.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 160.69 193.20 Td (flow ) Tj ET Q q 0 0 0 rg BT 177.19 193.20 Td (to ) Tj ET Q q 0 0 0 rg BT 185.25 193.20 Td (grow ) Tj ET Q q 0 0 0 rg BT 203.53 193.20 Td (due ) Tj ET Q q 0 0 0 rg BT 216.91 193.20 Td (to ) Tj ET Q q 0 0 0 rg BT 224.97 193.20 Td (continuous ) Tj ET Q q 0 0 0 rg BT 261.91 193.20 Td (improvement ) Tj ET Q q 0 0 0 rg BT 306.41 193.20 Td (in ) Tj ET Q q 0 0 0 rg BT 314.46 193.20 Td (our ) Tj ET Q q 0 0 0 rg BT 326.96 193.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 359.01 193.20 Td (results. ) Tj ET Q q 0 0 0 rg BT 383.60 193.20 Td (W) Tj ET Q q 0 0 0 rg BT 390.51 193.20 Td (e ) Tj ET Q q 0 0 0 rg BT 395.89 193.20 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 428.82 193.20 Td (the ) Tj ET Q q 0 0 0 rg BT 440.43 193.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 469.37 193.20 Td (of ) Tj ET Q q 0 0 0 rg BT 477.87 193.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 493.92 193.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 509.53 193.20 Td (for ) Tj ET Q q 0 0 0 rg BT 520.69 193.20 Td (income ) Tj ET Q q 0 0 0 rg BT 546.08 193.20 Td (taxes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 183.60 Td (to ) Tj ET Q q 0 0 0 rg BT 57.82 183.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 87.46 183.60 Td (to ) Tj ET Q q 0 0 0 rg BT 95.79 183.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 124.09 183.60 Td (in ) Tj ET Q q 0 0 0 rg BT 132.41 183.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 150.50 183.60 Td (and ) Tj ET Q q 0 0 0 rg BT 164.15 183.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.47 183.60 Td (further ) Tj ET Q q 0 0 0 rg BT 196.34 183.60 Td (conver) Tj ET Q q 0 0 0 rg BT 217.96 183.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 227.61 183.60 Td (with ) Tj ET Q q 0 0 0 rg BT 243.93 183.60 Td (local ) Tj ET Q q 0 0 0 rg BT 261.57 183.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 291.66 183.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 303.54 183.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 320.73 183.60 Td (as ) Tj ET Q q 0 0 0 rg BT 329.50 183.60 Td (our ) Tj ET Q q 0 0 0 rg BT 342.26 183.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 374.57 183.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 410.88 183.60 Td (in ) Tj ET Q q 0 0 0 rg BT 419.20 183.60 Td (each ) Tj ET Q q 0 0 0 rg BT 435.95 183.60 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 474.48 183.60 Td (have ) Tj ET Q q 0 0 0 rg BT 491.68 183.60 Td (returned ) Tj ET Q q 0 0 0 rg BT 520.43 183.60 Td (to ) Tj ET Q q 0 0 0 rg BT 528.75 183.60 Td (generating ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 174.00 Td (profits ) Tj ET Q q 0 0 0 rg BT 72.39 174.00 Td (and ) Tj ET Q q 0 0 0 rg BT 85.94 174.00 Td (previous ) Tj ET Q q 0 0 0 rg BT 115.49 174.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 127.26 174.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 148.38 174.00 Td (were ) Tj ET Q q 0 0 0 rg BT 165.92 174.00 Td (utilized. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 155.40 Td (Cr) Tj ET Q q 0 0 0 rg BT 57.65 155.40 Td (edit ) Tj ET Q q 0 0 0 rg BT 71.65 155.40 Td (ratings ) Tj ET Q q 0 0 0 rg BT 96.32 155.40 Td (and ) Tj ET Q q 0 0 0 rg BT 110.32 155.40 Td (futur) Tj ET Q q 0 0 0 rg BT 125.58 155.40 Td (e ) Tj ET Q q 0 0 0 rg BT 131.13 155.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 146.91 155.40 Td (issuances) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 139.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.07 139.80 Td (corporate ) Tj ET Q q 0 0 0 rg BT 96.39 139.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 116.73 139.80 Td (is ) Tj ET Q q 0 0 0 rg BT 124.19 139.80 Td (rated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.30 139.80 Td (B1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.64 139.80 Td ( ) Tj ET Q q 0 0 0 rg BT 153.77 139.80 Td (by ) Tj ET Q q 0 0 0 rg BT 163.89 139.80 Td (Moody's ) Tj ET Q q 0 0 0 rg BT 193.68 139.80 Td (Investors ) Tj ET Q q 0 0 0 rg BT 225.14 139.80 Td (Service ) Tj ET Q q 0 0 0 rg BT 251.25 139.80 Td (with ) Tj ET Q q 0 0 0 rg BT 267.60 139.80 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.27 139.80 Td (positive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.61 139.80 Td ( ) Tj ET Q q 0 0 0 rg BT 300.73 139.80 Td (outlook ) Tj ET Q q 0 0 0 rg BT 327.30 139.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.98 139.80 Td (B+) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.82 139.80 Td ( ) Tj ET Q q 0 0 0 rg BT 352.95 139.80 Td (by ) Tj ET Q q 0 0 0 rg BT 363.07 139.80 Td (Standard ) Tj ET Q q 0 0 0 rg BT 393.64 139.80 Td (& ) Tj ET Q q 0 0 0 rg BT 401.98 139.80 Td (Poor's ) Tj ET Q q 0 0 0 rg BT 423.78 139.80 Td (\(with ) Tj ET Q q 0 0 0 rg BT 442.79 139.80 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.46 139.80 Td (positive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 139.80 Td ( ) Tj ET Q q 0 0 0 rg BT 475.92 139.80 Td (outlook\). ) Tj ET Q q 0 0 0 rg BT 507.16 139.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 521.72 139.80 Td (ratings ) Tj ET Q q 0 0 0 rg BT 545.62 139.80 Td (show ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 130.20 Td (each ) Tj ET Q q 0 0 0 rg BT 65.78 130.20 Td (agency's ) Tj ET Q q 0 0 0 rg BT 94.61 130.20 Td (opinion ) Tj ET Q q 0 0 0 rg BT 120.68 130.20 Td (of ) Tj ET Q q 0 0 0 rg BT 128.96 130.20 Td (our ) Tj ET Q q 0 0 0 rg BT 141.25 130.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 170.86 130.20 Td (strength, ) Tj ET Q q 0 0 0 rg BT 200.26 130.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 232.09 130.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 274.14 130.20 Td (and ) Tj ET Q q 0 0 0 rg BT 287.31 130.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 309.38 130.20 Td (to ) Tj ET Q q 0 0 0 rg BT 317.22 130.20 Td (meet ) Tj ET Q q 0 0 0 rg BT 334.39 130.20 Td (our ) Tj ET Q q 0 0 0 rg BT 346.68 130.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 362.08 130.20 Td (obligations ) Tj ET Q q 0 0 0 rg BT 399.26 130.20 Td (as ) Tj ET Q q 0 0 0 rg BT 407.55 130.20 Td (they ) Tj ET Q q 0 0 0 rg BT 422.94 130.20 Td (become ) Tj ET Q q 0 0 0 rg BT 449.44 130.20 Td (due. ) Tj ET Q q 0 0 0 rg BT 464.50 130.20 Td (These ) Tj ET Q q 0 0 0 rg BT 485.23 130.20 Td (ratings ) Tj ET Q q 0 0 0 rg BT 508.62 130.20 Td (take ) Tj ET Q q 0 0 0 rg BT 523.57 130.20 Td (into ) Tj ET Q q 0 0 0 rg BT 537.64 130.20 Td (account ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 120.60 Td (the ) Tj ET Q q 0 0 0 rg BT 61.32 120.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 94.01 120.60 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 125.83 120.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.65 120.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 161.47 120.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 191.06 120.60 Td (place ) Tj ET Q q 0 0 0 rg BT 209.98 120.60 Td (on ) Tj ET Q q 0 0 0 rg BT 220.02 120.60 Td (metrics ) Tj ET Q q 0 0 0 rg BT 245.62 120.60 Td (such ) Tj ET Q q 0 0 0 rg BT 262.33 120.60 Td (as ) Tj ET Q q 0 0 0 rg BT 271.04 120.60 Td (leverage ) Tj ET Q q 0 0 0 rg BT 300.17 120.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 316.88 120.60 Td (and ) Tj ET Q q 0 0 0 rg BT 330.47 120.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 346.74 120.60 Td (flow) Tj ET Q q 0 0 0 rg BT 360.88 120.60 Td (, ) Tj ET Q q 0 0 0 rg BT 364.93 120.60 Td (which ) Tj ET Q q 0 0 0 rg BT 386.52 120.60 Td (they ) Tj ET Q q 0 0 0 rg BT 402.34 120.60 Td (use ) Tj ET Q q 0 0 0 rg BT 415.05 120.60 Td (as ) Tj ET Q q 0 0 0 rg BT 423.76 120.60 Td (measurements ) Tj ET Q q 0 0 0 rg BT 471.57 120.60 Td (of ) Tj ET Q q 0 0 0 rg BT 480.28 120.60 Td (a ) Tj ET Q q 0 0 0 rg BT 485.88 120.60 Td (company's ) Tj ET Q q 0 0 0 rg BT 521.80 120.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 550.96 120.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 111.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 79.35 111.00 Td (strength.) Tj ET Q q 0 0 0 rg BT 108.98 111.00 Td (They ) Tj ET Q q 0 0 0 rg BT 127.28 111.00 Td (also ) Tj ET Q q 0 0 0 rg BT 142.04 111.00 Td (reflect ) Tj ET Q q 0 0 0 rg BT 164.33 111.00 Td (an ) Tj ET Q q 0 0 0 rg BT 173.75 111.00 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 205.38 111.00 Td (by ) Tj ET Q q 0 0 0 rg BT 215.25 111.00 Td (the ) Tj ET Q q 0 0 0 rg BT 226.89 111.00 Td (ratings ) Tj ET Q q 0 0 0 rg BT 250.53 111.00 Td (agencies ) Tj ET Q q 0 0 0 rg BT 279.94 111.00 Td (on ) Tj ET Q q 0 0 0 rg BT 289.80 111.00 Td (the ) Tj ET Q q 0 0 0 rg BT 301.44 111.00 Td (track ) Tj ET Q q 0 0 0 rg BT 319.30 111.00 Td (record ) Tj ET Q q 0 0 0 rg BT 341.59 111.00 Td (of ) Tj ET Q q 0 0 0 rg BT 350.12 111.00 Td (strong ) Tj ET Q q 0 0 0 rg BT 371.99 111.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 401.84 111.00 Td (support ) Tj ET Q q 0 0 0 rg BT 427.71 111.00 Td (from ) Tj ET Q q 0 0 0 rg BT 444.99 111.00 Td (W) Tj ET Q q 0 0 0 rg BT 451.90 111.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 470.19 111.00 Td (Media. ) Tj ET Q q 0 0 0 rg BT 494.36 111.00 Td (W) Tj ET Q q 0 0 0 rg BT 501.27 111.00 Td (e ) Tj ET Q q 0 0 0 rg BT 506.69 111.00 Td (may ) Tj ET Q q 0 0 0 rg BT 522.33 111.00 Td (be ) Tj ET Q q 0 0 0 rg BT 531.75 111.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 556.27 111.00 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 101.40 Td (downgrades ) Tj ET Q q 0 0 0 rg BT 89.71 101.40 Td (if ) Tj ET Q q 0 0 0 rg BT 96.15 101.40 Td (our ) Tj ET Q q 0 0 0 rg BT 108.37 101.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 140.13 101.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 182.10 101.40 Td (deteriorates ) Tj ET Q q 0 0 0 rg BT 220.96 101.40 Td (or ) Tj ET Q q 0 0 0 rg BT 229.18 101.40 Td (we ) Tj ET Q q 0 0 0 rg BT 240.06 101.40 Td (fail ) Tj ET Q q 0 0 0 rg BT 252.28 101.40 Td (to ) Tj ET Q q 0 0 0 rg BT 260.05 101.40 Td (maintain ) Tj ET Q q 0 0 0 rg BT 289.60 101.40 Td (adequate ) Tj ET Q q 0 0 0 rg BT 319.57 101.40 Td (levels ) Tj ET Q q 0 0 0 rg BT 339.79 101.40 Td (of ) Tj ET Q q 0 0 0 rg BT 348.00 101.40 Td (liquidity) Tj ET Q q 0 0 0 rg BT 374.60 101.40 Td (. ) Tj ET Q q 0 0 0 rg BT 378.15 101.40 Td (In ) Tj ET Q q 0 0 0 rg BT 386.37 101.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 416.14 101.40 Td (our ) Tj ET Q q 0 0 0 rg BT 428.36 101.40 Td (ratings ) Tj ET Q q 0 0 0 rg BT 451.68 101.40 Td (may ) Tj ET Q q 0 0 0 rg BT 467.01 101.40 Td (be ) Tj ET Q q 0 0 0 rg BT 476.11 101.40 Td (downgraded ) Tj ET Q q 0 0 0 rg BT 517.21 101.40 Td (if ) Tj ET Q q 0 0 0 rg BT 523.65 101.40 Td (the ) Tj ET Q q 0 0 0 rg BT 534.97 101.40 Td (agencies ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 91.80 Td (form ) Tj ET Q q 0 0 0 rg BT 67.06 91.80 Td (aview ) Tj ET Q q 0 0 0 rg BT 90.17 91.80 Td (that ) Tj ET Q q 0 0 0 rg BT 104.18 91.80 Td (material ) Tj ET Q q 0 0 0 rg BT 132.39 91.80 Td (support ) Tj ET Q q 0 0 0 rg BT 158.40 91.80 Td (from ) Tj ET Q q 0 0 0 rg BT 175.82 91.80 Td (W) Tj ET Q q 0 0 0 rg BT 182.73 91.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 201.17 91.80 Td (Media ) Tj ET Q q 0 0 0 rg BT 223.62 91.80 Td (is ) Tj ET Q q 0 0 0 rg BT 230.96 91.80 Td (not ) Tj ET Q q 0 0 0 rg BT 243.19 91.80 Td (as ) Tj ET Q q 0 0 0 rg BT 251.87 91.80 Td (strong, ) Tj ET Q q 0 0 0 rg BT 275.88 91.80 Td (or ) Tj ET Q q 0 0 0 rg BT 284.55 91.80 Td (the ) Tj ET Q q 0 0 0 rg BT 296.34 91.80 Td (strategic ) Tj ET Q q 0 0 0 rg BT 325.44 91.80 Td (importance ) Tj ET Q q 0 0 0 rg BT 363.44 91.80 Td (of ) Tj ET Q q 0 0 0 rg BT 372.11 91.80 Td (CME ) Tj ET Q q 0 0 0 rg BT 391.46 91.80 Td (to ) Tj ET Q q 0 0 0 rg BT 399.54 91.80 Td (W) Tj ET Q q 0 0 0 rg BT 406.45 91.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 424.89 91.80 Td (Media ) Tj ET Q q 0 0 0 rg BT 447.34 91.80 Td (is ) Tj ET Q q 0 0 0 rg BT 454.69 91.80 Td (not ) Tj ET Q q 0 0 0 rg BT 466.92 91.80 Td (as ) Tj ET Q q 0 0 0 rg BT 475.59 91.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 511.37 91.80 Td (as ) Tj ET Q q 0 0 0 rg BT 520.05 91.80 Td (it ) Tj ET Q q 0 0 0 rg BT 526.50 91.80 Td (has ) Tj ET Q q 0 0 0 rg BT 539.17 91.80 Td (been ) Tj ET Q q 0 0 0 rg BT 556.29 91.80 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 82.20 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 82.20 Td (past. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 63.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 57.65 63.60 Td (edit ) Tj ET Q q 0 0 0 rg BT 71.65 63.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 85.65 63.60 Td (of ) Tj ET Q q 0 0 0 rg BT 93.87 63.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 124.31 63.60 Td (counterparties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 48.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 48.00 Td (e ) Tj ET Q q 0 0 0 rg BT 61.96 48.00 Td (have ) Tj ET Q q 0 0 0 rg BT 79.06 48.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 104.60 48.00 Td (into ) Tj ET Q q 0 0 0 rg BT 119.05 48.00 Td (a ) Tj ET Q q 0 0 0 rg BT 124.60 48.00 Td (number ) Tj ET Q q 0 0 0 rg BT 151.04 48.00 Td (of ) Tj ET Q q 0 0 0 rg BT 159.70 48.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 195.47 48.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 226.34 48.00 Td (with ) Tj ET Q q 0 0 0 rg BT 242.57 48.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 272.55 48.00 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 319.86 48.00 Td (as ) Tj ET Q q 0 0 0 rg BT 328.53 48.00 Td (follows:) Tj ET Q endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (34) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 66.68 723.60 Td (est ) Tj ET Q q 0 0 0 rg BT 78.01 723.60 Td (Rate ) Tj ET Q q 0 0 0 rg BT 96.00 723.60 Td (Swap) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 708.00 Td (e ) Tj ET Q q 0 0 0 rg BT 61.90 708.00 Td (are ) Tj ET Q q 0 0 0 rg BT 73.61 708.00 Td (party ) Tj ET Q q 0 0 0 rg BT 91.98 708.00 Td (to ) Tj ET Q q 0 0 0 rg BT 100.14 708.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 125.63 708.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 139.56 708.00 Td (swap ) Tj ET Q q 0 0 0 rg BT 157.94 708.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 196.30 708.00 Td (to ) Tj ET Q q 0 0 0 rg BT 204.47 708.00 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 232.62 708.00 Td (our ) Tj ET Q q 0 0 0 rg BT 245.22 708.00 Td (exposure ) Tj ET Q q 0 0 0 rg BT 276.04 708.00 Td (to ) Tj ET Q q 0 0 0 rg BT 284.21 708.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 309.69 708.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 323.62 708.00 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 363.33 708.00 Td (on ) Tj ET Q q 0 0 0 rg BT 373.27 708.00 Td (our ) Tj ET Q q 0 0 0 rg BT 385.87 708.00 Td (Euro ) Tj ET Q q 0 0 0 rg BT 403.36 708.00 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 426.71 708.00 Td (These ) Tj ET Q q 0 0 0 rg BT 447.75 708.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 473.24 708.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 487.17 708.00 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 510.66 708.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 534.36 708.00 Td (of ) Tj ET Q q 0 0 0 rg BT 542.97 708.00 Td (which ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.40 Td (are ) Tj ET Q q 0 0 0 rg BT 61.39 698.40 Td (designated ) Tj ET Q q 0 0 0 rg BT 97.72 698.40 Td (as ) Tj ET Q q 0 0 0 rg BT 106.50 698.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 122.84 698.40 Td (flow ) Tj ET Q q 0 0 0 rg BT 139.62 698.40 Td (hedges, ) Tj ET Q q 0 0 0 rg BT 165.96 698.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 192.51 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 204.41 698.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 237.64 698.40 Td (with ) Tj ET Q q 0 0 0 rg BT 253.98 698.40 Td (variable-rate ) Tj ET Q q 0 0 0 rg BT 296.51 698.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 312.85 698.40 Td (receipts ) Tj ET Q q 0 0 0 rg BT 339.84 698.40 Td (in ) Tj ET Q q 0 0 0 rg BT 348.19 698.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 380.51 698.40 Td (for ) Tj ET Q q 0 0 0 rg BT 391.96 698.40 Td (fixed-rate ) Tj ET Q q 0 0 0 rg BT 425.17 698.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 457.95 698.40 Td (over ) Tj ET Q q 0 0 0 rg BT 474.28 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 486.18 698.40 Td (lives ) Tj ET Q q 0 0 0 rg BT 503.41 698.40 Td (of ) Tj ET Q q 0 0 0 rg BT 512.19 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 524.08 698.40 Td (agreements, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 688.80 Td (with ) Tj ET Q q 0 0 0 rg BT 65.72 688.80 Td (no ) Tj ET Q q 0 0 0 rg BT 75.72 688.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 107.93 688.80 Td (of ) Tj ET Q q 0 0 0 rg BT 116.59 688.80 Td (the ) Tj ET Q q 0 0 0 rg BT 128.36 688.80 Td (underlying ) Tj ET Q q 0 0 0 rg BT 165.02 688.80 Td (notional ) Tj ET Q q 0 0 0 rg BT 193.24 688.80 Td (amount.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 670.20 Td (For) Tj ET Q q 0 0 0 rg BT 61.79 670.20 Td (eign ) Tj ET Q q 0 0 0 rg BT 78.02 670.20 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 113.35 670.20 Td (Forwards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 654.60 Td (e ) Tj ET Q q 0 0 0 rg BT 61.72 654.60 Td (are ) Tj ET Q q 0 0 0 rg BT 73.24 654.60 Td (exposed ) Tj ET Q q 0 0 0 rg BT 101.21 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 109.20 654.60 Td (movements ) Tj ET Q q 0 0 0 rg BT 147.84 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 155.82 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.35 654.60 Td (USD ) Tj ET Q q 0 0 0 rg BT 185.11 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 193.09 654.60 Td (EUR ) Tj ET Q q 0 0 0 rg BT 210.85 654.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 242.81 654.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 259.67 654.60 Td (related ) Tj ET Q q 0 0 0 rg BT 283.19 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 291.17 654.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 328.46 654.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 360.88 654.60 Td (under ) Tj ET Q q 0 0 0 rg BT 380.85 654.60 Td (dollar) Tj ET Q q 0 0 0 rg BT 399.35 654.60 Td (-denominated ) Tj ET Q q 0 0 0 rg BT 445.09 654.60 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 485.15 654.60 Td (T) Tj ET Q q 0 0 0 rg BT 489.48 654.60 Td (o ) Tj ET Q q 0 0 0 rg BT 495.24 654.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 518.31 654.60 Td (this ) Tj ET Q q 0 0 0 rg BT 531.63 654.60 Td (exposure, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 645.00 Td (from ) Tj ET Q q 0 0 0 rg BT 66.90 645.00 Td (time ) Tj ET Q q 0 0 0 rg BT 82.98 645.00 Td (to ) Tj ET Q q 0 0 0 rg BT 91.05 645.00 Td (time ) Tj ET Q q 0 0 0 rg BT 107.13 645.00 Td (we ) Tj ET Q q 0 0 0 rg BT 118.31 645.00 Td (may ) Tj ET Q q 0 0 0 rg BT 133.93 645.00 Td (enter ) Tj ET Q q 0 0 0 rg BT 151.78 645.00 Td (into ) Tj ET Q q 0 0 0 rg BT 166.07 645.00 Td (pay-Euro ) Tj ET Q q 0 0 0 rg BT 197.69 645.00 Td (receive-dollar ) Tj ET Q q 0 0 0 rg BT 243.96 645.00 Td (forward ) Tj ET Q q 0 0 0 rg BT 271.13 645.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 296.09 645.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 328.15 645.00 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 360.74 645.00 Td (W) Tj ET Q q 0 0 0 rg BT 367.65 645.00 Td (e ) Tj ET Q q 0 0 0 rg BT 373.06 645.00 Td (had ) Tj ET Q q 0 0 0 rg BT 386.46 645.00 Td (no ) Tj ET Q q 0 0 0 rg BT 396.31 645.00 Td (such ) Tj ET Q q 0 0 0 rg BT 412.83 645.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 451.11 645.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 490.30 645.00 Td (at ) Tj ET Q q 0 0 0 rg BT 497.92 645.00 Td (December ) Tj ET Q q 0 0 0 rg BT 532.64 645.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 544.50 645.00 Td (2018.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 626.40 Td (Cash ) Tj ET Q q 0 0 0 rg BT 68.84 626.40 Td (Deposits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 610.80 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 610.80 Td (e ) Tj ET Q q 0 0 0 rg BT 62.04 610.80 Td (may ) Tj ET Q q 0 0 0 rg BT 77.89 610.80 Td (deposit ) Tj ET Q q 0 0 0 rg BT 103.07 610.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.36 610.80 Td (in ) Tj ET Q q 0 0 0 rg BT 127.66 610.80 Td (the ) Tj ET Q q 0 0 0 rg BT 139.51 610.80 Td (global ) Tj ET Q q 0 0 0 rg BT 161.58 610.80 Td (money ) Tj ET Q q 0 0 0 rg BT 185.43 610.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 212.83 610.80 Td (with ) Tj ET Q q 0 0 0 rg BT 229.13 610.80 Td (a ) Tj ET Q q 0 0 0 rg BT 234.76 610.80 Td (range ) Tj ET Q q 0 0 0 rg BT 254.60 610.80 Td (of ) Tj ET Q q 0 0 0 rg BT 263.34 610.80 Td (bank ) Tj ET Q q 0 0 0 rg BT 280.97 610.80 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 328.36 610.80 Td (and ) Tj ET Q q 0 0 0 rg BT 341.98 610.80 Td (review ) Tj ET Q q 0 0 0 rg BT 365.83 610.80 Td (the ) Tj ET Q q 0 0 0 rg BT 377.68 610.80 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 425.06 610.80 Td (we ) Tj ET Q q 0 0 0 rg BT 436.47 610.80 Td (choose ) Tj ET Q q 0 0 0 rg BT 460.76 610.80 Td (regularly) Tj ET Q q 0 0 0 rg BT 489.12 610.80 Td (. ) Tj ET Q q 0 0 0 rg BT 493.04 610.80 Td (The ) Tj ET Q q 0 0 0 rg BT 507.56 610.80 Td (maximum ) Tj ET Q q 0 0 0 rg BT 542.07 610.80 Td (period ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 601.20 Td (of ) Tj ET Q q 0 0 0 rg BT 58.05 601.20 Td (deposit ) Tj ET Q q 0 0 0 rg BT 83.05 601.20 Td (is ) Tj ET Q q 0 0 0 rg BT 90.27 601.20 Td (three ) Tj ET Q q 0 0 0 rg BT 108.15 601.20 Td (months ) Tj ET Q q 0 0 0 rg BT 133.59 601.20 Td (but ) Tj ET Q q 0 0 0 rg BT 145.71 601.20 Td (we ) Tj ET Q q 0 0 0 rg BT 156.92 601.20 Td (have ) Tj ET Q q 0 0 0 rg BT 173.91 601.20 Td (more ) Tj ET Q q 0 0 0 rg BT 192.24 601.20 Td (recently ) Tj ET Q q 0 0 0 rg BT 219.88 601.20 Td (held ) Tj ET Q q 0 0 0 rg BT 235.55 601.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 264.54 601.20 Td (on ) Tj ET Q q 0 0 0 rg BT 274.43 601.20 Td (deposit ) Tj ET Q q 0 0 0 rg BT 299.43 601.20 Td (for ) Tj ET Q q 0 0 0 rg BT 310.64 601.20 Td (shorter ) Tj ET Q q 0 0 0 rg BT 334.75 601.20 Td (periods, ) Tj ET Q q 0 0 0 rg BT 362.18 601.20 Td (mainly ) Tj ET Q q 0 0 0 rg BT 386.29 601.20 Td (overnight. ) Tj ET Q q 0 0 0 rg BT 420.70 601.20 Td (The ) Tj ET Q q 0 0 0 rg BT 435.03 601.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 455.13 601.20 Td (rating ) Tj ET Q q 0 0 0 rg BT 475.67 601.20 Td (of ) Tj ET Q q 0 0 0 rg BT 484.23 601.20 Td (a ) Tj ET Q q 0 0 0 rg BT 489.66 601.20 Td (bank ) Tj ET Q q 0 0 0 rg BT 507.10 601.20 Td (is ) Tj ET Q q 0 0 0 rg BT 514.33 601.20 Td (a ) Tj ET Q q 0 0 0 rg BT 519.77 601.20 Td (critical ) Tj ET Q q 0 0 0 rg BT 543.86 601.20 Td (factor ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 591.60 Td (in ) Tj ET Q q 0 0 0 rg BT 57.48 591.60 Td (determining ) Tj ET Q q 0 0 0 rg BT 97.90 591.60 Td (the ) Tj ET Q q 0 0 0 rg BT 109.44 591.60 Td (size ) Tj ET Q q 0 0 0 rg BT 123.64 591.60 Td (of ) Tj ET Q q 0 0 0 rg BT 132.06 591.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 148.04 591.60 Td (deposits ) Tj ET Q q 0 0 0 rg BT 176.02 591.60 Td (and ) Tj ET Q q 0 0 0 rg BT 189.34 591.60 Td (we ) Tj ET Q q 0 0 0 rg BT 200.43 591.60 Td (will ) Tj ET Q q 0 0 0 rg BT 214.63 591.60 Td (only ) Tj ET Q q 0 0 0 rg BT 230.62 591.60 Td (deposit ) Tj ET Q q 0 0 0 rg BT 255.49 591.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 271.46 591.60 Td (with ) Tj ET Q q 0 0 0 rg BT 287.45 591.60 Td (banks ) Tj ET Q q 0 0 0 rg BT 307.88 591.60 Td (of ) Tj ET Q q 0 0 0 rg BT 316.30 591.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 353.17 591.60 Td (grade ) Tj ET Q q 0 0 0 rg BT 372.70 591.60 Td (rating. ) Tj ET Q q 0 0 0 rg BT 395.12 591.60 Td (In ) Tj ET Q q 0 0 0 rg BT 403.54 591.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 431.52 591.60 Td (we ) Tj ET Q q 0 0 0 rg BT 442.61 591.60 Td (also ) Tj ET Q q 0 0 0 rg BT 457.26 591.60 Td (closely ) Tj ET Q q 0 0 0 rg BT 481.68 591.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 508.78 591.60 Td (the ) Tj ET Q q 0 0 0 rg BT 520.31 591.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 540.29 591.60 Td (default ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 582.00 Td (swap ) Tj ET Q q 0 0 0 rg BT 67.94 582.00 Td (spreads ) Tj ET Q q 0 0 0 rg BT 93.93 582.00 Td (and ) Tj ET Q q 0 0 0 rg BT 107.48 582.00 Td (other ) Tj ET Q q 0 0 0 rg BT 125.92 582.00 Td (market ) Tj ET Q q 0 0 0 rg BT 150.13 582.00 Td (information ) Tj ET Q q 0 0 0 rg BT 189.90 582.00 Td (for ) Tj ET Q q 0 0 0 rg BT 201.23 582.00 Td (each ) Tj ET Q q 0 0 0 rg BT 217.88 582.00 Td (of ) Tj ET Q q 0 0 0 rg BT 226.55 582.00 Td (the ) Tj ET Q q 0 0 0 rg BT 238.32 582.00 Td (banks ) Tj ET Q q 0 0 0 rg BT 258.98 582.00 Td (with ) Tj ET Q q 0 0 0 rg BT 275.21 582.00 Td (which ) Tj ET Q q 0 0 0 rg BT 296.76 582.00 Td (we ) Tj ET Q q 0 0 0 rg BT 308.09 582.00 Td (consider ) Tj ET Q q 0 0 0 rg BT 337.19 582.00 Td (depositing ) Tj ET Q q 0 0 0 rg BT 372.52 582.00 Td (or ) Tj ET Q q 0 0 0 rg BT 381.18 582.00 Td (have ) Tj ET Q q 0 0 0 rg BT 398.29 582.00 Td (deposited ) Tj ET Q q 0 0 0 rg BT 430.95 582.00 Td (funds.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 560.40 Td (III\(e\) ) Tj ET Q q 0 0 0 rg BT 76.50 560.40 Td (Off-Balance ) Tj ET Q q 0 0 0 rg BT 119.82 560.40 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 140.05 560.40 Td (Arrangements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 544.80 Td (None.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 523.20 Td (IV) Tj ET Q q 0 0 0 rg BT 57.36 523.20 Td (. ) Tj ET Q q 0 0 0 rg BT 76.50 523.20 Td (Critical ) Tj ET Q q 0 0 0 rg BT 104.27 523.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 145.38 523.20 Td (Policies ) Tj ET Q q 0 0 0 rg BT 173.15 523.20 Td (and ) Tj ET Q q 0 0 0 rg BT 188.05 523.20 Td (Estimates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 507.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.66 507.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 100.47 507.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 127.06 507.60 Td (af) Tj ET Q q 0 0 0 rg BT 133.13 507.60 Td (fecting ) Tj ET Q q 0 0 0 rg BT 157.06 507.60 Td (our ) Tj ET Q q 0 0 0 rg BT 169.44 507.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 199.13 507.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 231.07 507.60 Td (and ) Tj ET Q q 0 0 0 rg BT 244.33 507.60 Td (results ) Tj ET Q q 0 0 0 rg BT 266.93 507.60 Td (of ) Tj ET Q q 0 0 0 rg BT 275.31 507.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 310.35 507.60 Td (are ) Tj ET Q q 0 0 0 rg BT 321.83 507.60 Td (more ) Tj ET Q q 0 0 0 rg BT 339.98 507.60 Td (fully ) Tj ET Q q 0 0 0 rg BT 356.80 507.60 Td (described ) Tj ET Q q 0 0 0 rg BT 389.17 507.60 Td (in ) Tj ET Q q 0 0 0 rg BT 397.11 507.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 413.48 507.60 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.19 507.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 438.46 507.60 Td (2, ) Tj ET Q q 0 0 0 rg BT 446.17 507.60 Td ("Basis ) Tj ET Q q 0 0 0 rg BT 468.49 507.60 Td (of ) Tj ET Q q 0 0 0 rg BT 476.87 507.60 Td (Presentation ) Tj ET Q q 0 0 0 rg BT 518.13 507.60 Td (and ) Tj ET Q q 0 0 0 rg BT 531.39 507.60 Td (Summary ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 498.00 Td (of ) Tj ET Q q 0 0 0 rg BT 57.42 498.00 Td (Significant ) Tj ET Q q 0 0 0 rg BT 93.51 498.00 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 132.09 498.00 Td (Policies") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 160.68 498.00 Td (. ) Tj ET Q q 0 0 0 rg BT 163.85 498.00 Td (The ) Tj ET Q q 0 0 0 rg BT 177.54 498.00 Td (preparation ) Tj ET Q q 0 0 0 rg BT 215.23 498.00 Td (of ) Tj ET Q q 0 0 0 rg BT 223.15 498.00 Td (these ) Tj ET Q q 0 0 0 rg BT 240.84 498.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 270.08 498.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 305.11 498.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 332.13 498.00 Td (us ) Tj ET Q q 0 0 0 rg BT 340.50 498.00 Td (to ) Tj ET Q q 0 0 0 rg BT 347.98 498.00 Td (make ) Tj ET Q q 0 0 0 rg BT 366.56 498.00 Td (judgments ) Tj ET Q q 0 0 0 rg BT 401.15 498.00 Td (in ) Tj ET Q q 0 0 0 rg BT 408.63 498.00 Td (selecting ) Tj ET Q q 0 0 0 rg BT 438.32 498.00 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 476.00 498.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 516.82 498.00 Td (for ) Tj ET Q q 0 0 0 rg BT 527.41 498.00 Td (calculating ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 488.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 79.72 488.40 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 113.72 488.40 Td (which ) Tj ET Q q 0 0 0 rg BT 135.51 488.40 Td (inherently ) Tj ET Q q 0 0 0 rg BT 170.18 488.40 Td (contain ) Tj ET Q q 0 0 0 rg BT 195.96 488.40 Td (some ) Tj ET Q q 0 0 0 rg BT 215.08 488.40 Td (degree ) Tj ET Q q 0 0 0 rg BT 238.64 488.40 Td (of ) Tj ET Q q 0 0 0 rg BT 247.54 488.40 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 283.00 488.40 Td (. ) Tj ET Q q 0 0 0 rg BT 287.07 488.40 Td (W) Tj ET Q q 0 0 0 rg BT 293.98 488.40 Td (e ) Tj ET Q q 0 0 0 rg BT 299.77 488.40 Td (base ) Tj ET Q q 0 0 0 rg BT 316.22 488.40 Td (our ) Tj ET Q q 0 0 0 rg BT 329.12 488.40 Td (estimates ) Tj ET Q q 0 0 0 rg BT 361.12 488.40 Td (on ) Tj ET Q q 0 0 0 rg BT 371.36 488.40 Td (historical ) Tj ET Q q 0 0 0 rg BT 403.36 488.40 Td (experience ) Tj ET Q q 0 0 0 rg BT 440.24 488.40 Td (and ) Tj ET Q q 0 0 0 rg BT 454.03 488.40 Td (on ) Tj ET Q q 0 0 0 rg BT 464.26 488.40 Td (various ) Tj ET Q q 0 0 0 rg BT 490.05 488.40 Td (other ) Tj ET Q q 0 0 0 rg BT 508.72 488.40 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 550.52 488.40 Td (that ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 478.80 Td (we ) Tj ET Q q 0 0 0 rg BT 60.79 478.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 85.86 478.80 Td (to ) Tj ET Q q 0 0 0 rg BT 94.04 478.80 Td (be ) Tj ET Q q 0 0 0 rg BT 103.56 478.80 Td (reasonable. ) Tj ET Q q 0 0 0 rg BT 141.73 478.80 Td (Using ) Tj ET Q q 0 0 0 rg BT 162.80 478.80 Td (these ) Tj ET Q q 0 0 0 rg BT 181.21 478.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 212.94 478.80 Td (we ) Tj ET Q q 0 0 0 rg BT 224.23 478.80 Td (make ) Tj ET Q q 0 0 0 rg BT 243.52 478.80 Td (judgments ) Tj ET Q q 0 0 0 rg BT 278.82 478.80 Td (about ) Tj ET Q q 0 0 0 rg BT 298.56 478.80 Td (the ) Tj ET Q q 0 0 0 rg BT 310.30 478.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 338.91 478.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 367.99 478.80 Td (of ) Tj ET Q q 0 0 0 rg BT 376.62 478.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 397.25 478.80 Td (and ) Tj ET Q q 0 0 0 rg BT 410.76 478.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 442.50 478.80 Td (and ) Tj ET Q q 0 0 0 rg BT 456.02 478.80 Td (the ) Tj ET Q q 0 0 0 rg BT 467.75 478.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 496.37 478.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 525.45 478.80 Td (of ) Tj ET Q q 0 0 0 rg BT 534.07 478.80 Td (revenues ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 469.20 Td (and ) Tj ET Q q 0 0 0 rg BT 63.05 469.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 93.93 469.20 Td (that ) Tj ET Q q 0 0 0 rg BT 107.93 469.20 Td (are ) Tj ET Q q 0 0 0 rg BT 119.69 469.20 Td (not ) Tj ET Q q 0 0 0 rg BT 131.91 469.20 Td (readily ) Tj ET Q q 0 0 0 rg BT 156.13 469.20 Td (apparent ) Tj ET Q q 0 0 0 rg BT 185.66 469.20 Td (from ) Tj ET Q q 0 0 0 rg BT 203.21 469.20 Td (other ) Tj ET Q q 0 0 0 rg BT 221.65 469.20 Td (sources. ) Tj ET Q q 0 0 0 rg BT 249.20 469.20 Td (Actual ) Tj ET Q q 0 0 0 rg BT 272.53 469.20 Td (results ) Tj ET Q q 0 0 0 rg BT 295.41 469.20 Td (may ) Tj ET Q q 0 0 0 rg BT 311.19 469.20 Td (dif) Tj ET Q q 0 0 0 rg BT 319.93 469.20 Td (fer ) Tj ET Q q 0 0 0 rg BT 330.81 469.20 Td (from ) Tj ET Q q 0 0 0 rg BT 348.36 469.20 Td (these ) Tj ET Q q 0 0 0 rg BT 366.80 469.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 398.57 469.20 Td (under ) Tj ET Q q 0 0 0 rg BT 418.78 469.20 Td (dif) Tj ET Q q 0 0 0 rg BT 427.52 469.20 Td (ferent ) Tj ET Q q 0 0 0 rg BT 448.18 469.20 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 489.73 469.20 Td (or ) Tj ET Q q 0 0 0 rg BT 498.40 469.20 Td (conditions.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 453.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 453.60 Td (e ) Tj ET Q q 0 0 0 rg BT 62.34 453.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 87.82 453.60 Td (the ) Tj ET Q q 0 0 0 rg BT 99.97 453.60 Td (following ) Tj ET Q q 0 0 0 rg BT 133.46 453.60 Td (critical ) Tj ET Q q 0 0 0 rg BT 158.04 453.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 195.52 453.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 222.78 453.60 Td (af) Tj ET Q q 0 0 0 rg BT 228.85 453.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 243.22 453.60 Td (our ) Tj ET Q q 0 0 0 rg BT 256.26 453.60 Td (more ) Tj ET Q q 0 0 0 rg BT 275.08 453.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 311.23 453.60 Td (judgments ) Tj ET Q q 0 0 0 rg BT 346.94 453.60 Td (and ) Tj ET Q q 0 0 0 rg BT 360.87 453.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 393.02 453.60 Td (used ) Tj ET Q q 0 0 0 rg BT 410.06 453.60 Td (in ) Tj ET Q q 0 0 0 rg BT 418.66 453.60 Td (the ) Tj ET Q q 0 0 0 rg BT 430.81 453.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 469.62 453.60 Td (of ) Tj ET Q q 0 0 0 rg BT 478.66 453.60 Td (our ) Tj ET Q q 0 0 0 rg BT 491.70 453.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 534.52 453.60 Td (financial ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 444.00 Td (statements.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 425.40 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.20 425.40 Td (ogram ) Tj ET Q q 0 0 0 rg BT 80.09 425.40 Td (Rights) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 409.80 Td (Program ) Tj ET Q q 0 0 0 rg BT 79.30 409.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 99.77 409.80 Td (consist ) Tj ET Q q 0 0 0 rg BT 124.24 409.80 Td (of ) Tj ET Q q 0 0 0 rg BT 133.15 409.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 178.95 409.80 Td (\(film ) Tj ET Q q 0 0 0 rg BT 197.19 409.80 Td (and ) Tj ET Q q 0 0 0 rg BT 210.99 409.80 Td (television\) ) Tj ET Q q 0 0 0 rg BT 247.01 409.80 Td (acquired ) Tj ET Q q 0 0 0 rg BT 276.79 409.80 Td (from ) Tj ET Q q 0 0 0 rg BT 294.59 409.80 Td (third ) Tj ET Q q 0 0 0 rg BT 311.95 409.80 Td (parties ) Tj ET Q q 0 0 0 rg BT 335.52 409.80 Td (and ) Tj ET Q q 0 0 0 rg BT 349.32 409.80 Td (produced ) Tj ET Q q 0 0 0 rg BT 381.34 409.80 Td (locally) Tj ET Q q 0 0 0 rg BT 402.59 409.80 Td (, ) Tj ET Q q 0 0 0 rg BT 406.83 409.80 Td (which ) Tj ET Q q 0 0 0 rg BT 428.63 409.80 Td (together ) Tj ET Q q 0 0 0 rg BT 457.09 409.80 Td (form ) Tj ET Q q 0 0 0 rg BT 474.89 409.80 Td (an ) Tj ET Q q 0 0 0 rg BT 484.69 409.80 Td (important ) Tj ET Q q 0 0 0 rg BT 518.04 409.80 Td (component ) Tj ET Q q 0 0 0 rg BT 555.84 409.80 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 400.20 Td (our ) Tj ET Q q 0 0 0 rg BT 62.57 400.20 Td (station ) Tj ET Q q 0 0 0 rg BT 86.30 400.20 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 129.58 400.20 Td (schedules. ) Tj ET Q q 0 0 0 rg BT 164.55 400.20 Td (Acquired ) Tj ET Q q 0 0 0 rg BT 196.72 400.20 Td (program ) Tj ET Q q 0 0 0 rg BT 226.22 400.20 Td (rights ) Tj ET Q q 0 0 0 rg BT 246.85 400.20 Td (and ) Tj ET Q q 0 0 0 rg BT 260.80 400.20 Td (the ) Tj ET Q q 0 0 0 rg BT 272.98 400.20 Td (related ) Tj ET Q q 0 0 0 rg BT 297.14 400.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 329.32 400.20 Td (are ) Tj ET Q q 0 0 0 rg BT 341.49 400.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 371.87 400.20 Td (at ) Tj ET Q q 0 0 0 rg BT 380.04 400.20 Td (their ) Tj ET Q q 0 0 0 rg BT 397.11 400.20 Td (gross ) Tj ET Q q 0 0 0 rg BT 416.40 400.20 Td (value ) Tj ET Q q 0 0 0 rg BT 436.13 400.20 Td (when ) Tj ET Q q 0 0 0 rg BT 455.86 400.20 Td (the ) Tj ET Q q 0 0 0 rg BT 468.03 400.20 Td (license ) Tj ET Q q 0 0 0 rg BT 492.65 400.20 Td (period ) Tj ET Q q 0 0 0 rg BT 515.49 400.20 Td (begins ) Tj ET Q q 0 0 0 rg BT 538.77 400.20 Td (and ) Tj ET Q q 0 0 0 rg BT 552.73 400.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (programs ) Tj ET Q q 0 0 0 rg BT 81.63 390.60 Td (are ) Tj ET Q q 0 0 0 rg BT 93.32 390.60 Td (available ) Tj ET Q q 0 0 0 rg BT 124.11 390.60 Td (for ) Tj ET Q q 0 0 0 rg BT 135.36 390.60 Td (use. ) Tj ET Q q 0 0 0 rg BT 149.80 390.60 Td (Where ) Tj ET Q q 0 0 0 rg BT 173.04 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 184.73 390.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 205.31 390.60 Td (airing ) Tj ET Q q 0 0 0 rg BT 225.89 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 234.47 390.60 Td (content ) Tj ET Q q 0 0 0 rg BT 259.94 390.60 Td (allowed ) Tj ET Q q 0 0 0 rg BT 287.18 390.60 Td (by ) Tj ET Q q 0 0 0 rg BT 297.10 390.60 Td (a ) Tj ET Q q 0 0 0 rg BT 302.57 390.60 Td (license ) Tj ET Q q 0 0 0 rg BT 326.70 390.60 Td (is ) Tj ET Q q 0 0 0 rg BT 333.96 390.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 364.30 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 372.44 390.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 398.80 390.60 Td (more ) Tj ET Q q 0 0 0 rg BT 417.15 390.60 Td (value ) Tj ET Q q 0 0 0 rg BT 436.40 390.60 Td (than ) Tj ET Q q 0 0 0 rg BT 452.09 390.60 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 489.56 390.60 Td (airings, ) Tj ET Q q 0 0 0 rg BT 515.25 390.60 Td (program ) Tj ET Q q 0 0 0 rg BT 544.27 390.60 Td (rights ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 381.00 Td (are ) Tj ET Q q 0 0 0 rg BT 61.33 381.00 Td (amortized ) Tj ET Q q 0 0 0 rg BT 95.37 381.00 Td (over ) Tj ET Q q 0 0 0 rg BT 111.65 381.00 Td (their ) Tj ET Q q 0 0 0 rg BT 128.37 381.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 158.85 381.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 180.46 381.00 Td (lives ) Tj ET Q q 0 0 0 rg BT 197.63 381.00 Td (in ) Tj ET Q q 0 0 0 rg BT 205.92 381.00 Td (a ) Tj ET Q q 0 0 0 rg BT 211.53 381.00 Td (manner ) Tj ET Q q 0 0 0 rg BT 237.58 381.00 Td (which ) Tj ET Q q 0 0 0 rg BT 259.19 381.00 Td (reflects ) Tj ET Q q 0 0 0 rg BT 284.79 381.00 Td (the ) Tj ET Q q 0 0 0 rg BT 296.62 381.00 Td (pattern ) Tj ET Q q 0 0 0 rg BT 320.89 381.00 Td (we ) Tj ET Q q 0 0 0 rg BT 332.28 381.00 Td (expect ) Tj ET Q q 0 0 0 rg BT 355.22 381.00 Td (to ) Tj ET Q q 0 0 0 rg BT 363.50 381.00 Td (use ) Tj ET Q q 0 0 0 rg BT 376.23 381.00 Td (and ) Tj ET Q q 0 0 0 rg BT 389.84 381.00 Td (benefit ) Tj ET Q q 0 0 0 rg BT 414.11 381.00 Td (from ) Tj ET Q q 0 0 0 rg BT 431.72 381.00 Td (the ) Tj ET Q q 0 0 0 rg BT 443.55 381.00 Td (programming. ) Tj ET Q q 0 0 0 rg BT 491.01 381.00 Td (These ) Tj ET Q q 0 0 0 rg BT 512.18 381.00 Td (films ) Tj ET Q q 0 0 0 rg BT 530.68 381.00 Td (and ) Tj ET Q q 0 0 0 rg BT 544.29 381.00 Td (series ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 371.40 Td (are ) Tj ET Q q 0 0 0 rg BT 61.27 371.40 Td (amortized ) Tj ET Q q 0 0 0 rg BT 95.25 371.40 Td (with ) Tj ET Q q 0 0 0 rg BT 111.48 371.40 Td (the ) Tj ET Q q 0 0 0 rg BT 123.25 371.40 Td (amortization ) Tj ET Q q 0 0 0 rg BT 165.69 371.40 Td (char) Tj ET Q q 0 0 0 rg BT 179.31 371.40 Td (ged ) Tj ET Q q 0 0 0 rg BT 192.86 371.40 Td (in ) Tj ET Q q 0 0 0 rg BT 201.08 371.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 225.74 371.40 Td (of ) Tj ET Q q 0 0 0 rg BT 234.40 371.40 Td (each ) Tj ET Q q 0 0 0 rg BT 251.06 371.40 Td (airing ) Tj ET Q q 0 0 0 rg BT 271.72 371.40 Td (calculated ) Tj ET Q q 0 0 0 rg BT 306.14 371.40 Td (in ) Tj ET Q q 0 0 0 rg BT 314.37 371.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 352.34 371.40 Td (with ) Tj ET Q q 0 0 0 rg BT 368.56 371.40 Td (a ) Tj ET Q q 0 0 0 rg BT 374.12 371.40 Td (schedule ) Tj ET Q q 0 0 0 rg BT 404.11 371.40 Td (that ) Tj ET Q q 0 0 0 rg BT 418.11 371.40 Td (reflects ) Tj ET Q q 0 0 0 rg BT 443.65 371.40 Td (our ) Tj ET Q q 0 0 0 rg BT 456.31 371.40 Td (estimate ) Tj ET Q q 0 0 0 rg BT 484.97 371.40 Td (of ) Tj ET Q q 0 0 0 rg BT 493.64 371.40 Td (the ) Tj ET Q q 0 0 0 rg BT 505.41 371.40 Td (relative ) Tj ET Q q 0 0 0 rg BT 531.40 371.40 Td (economic ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 361.80 Td (value ) Tj ET Q q 0 0 0 rg BT 68.82 361.80 Td (of ) Tj ET Q q 0 0 0 rg BT 77.49 361.80 Td (each ) Tj ET Q q 0 0 0 rg BT 94.14 361.80 Td (run. ) Tj ET Q q 0 0 0 rg BT 108.66 361.80 Td (W) Tj ET Q q 0 0 0 rg BT 115.57 361.80 Td (e ) Tj ET Q q 0 0 0 rg BT 121.12 361.80 Td (review ) Tj ET Q q 0 0 0 rg BT 144.89 361.80 Td (our ) Tj ET Q q 0 0 0 rg BT 157.55 361.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 203.10 361.80 Td (amortization ) Tj ET Q q 0 0 0 rg BT 245.53 361.80 Td (policy ) Tj ET Q q 0 0 0 rg BT 267.52 361.80 Td (when ) Tj ET Q q 0 0 0 rg BT 286.85 361.80 Td (events ) Tj ET Q q 0 0 0 rg BT 309.29 361.80 Td (occur ) Tj ET Q q 0 0 0 rg BT 329.05 361.80 Td (or ) Tj ET Q q 0 0 0 rg BT 337.72 361.80 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 385.03 361.80 Td (change ) Tj ET Q q 0 0 0 rg BT 409.68 361.80 Td (that ) Tj ET Q q 0 0 0 rg BT 423.68 361.80 Td (would ) Tj ET Q q 0 0 0 rg BT 445.68 361.80 Td (so ) Tj ET Q q 0 0 0 rg BT 454.79 361.80 Td (require.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 346.20 Td (The ) Tj ET Q q 0 0 0 rg BT 63.63 346.20 Td (program ) Tj ET Q q 0 0 0 rg BT 92.42 346.20 Td (library ) Tj ET Q q 0 0 0 rg BT 115.43 346.20 Td (is ) Tj ET Q q 0 0 0 rg BT 122.46 346.20 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 154.80 346.20 Td (at ) Tj ET Q q 0 0 0 rg BT 162.26 346.20 Td (least ) Tj ET Q q 0 0 0 rg BT 178.61 346.20 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 209.18 346.20 Td (to ) Tj ET Q q 0 0 0 rg BT 217.09 346.20 Td (determine ) Tj ET Q q 0 0 0 rg BT 250.77 346.20 Td (if ) Tj ET Q q 0 0 0 rg BT 257.34 346.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 287.46 346.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 317.58 346.20 Td (are ) Tj ET Q q 0 0 0 rg BT 329.04 346.20 Td (suf) Tj ET Q q 0 0 0 rg BT 338.67 346.20 Td (ficient ) Tj ET Q q 0 0 0 rg BT 360.79 346.20 Td (to ) Tj ET Q q 0 0 0 rg BT 368.71 346.20 Td (cover ) Tj ET Q q 0 0 0 rg BT 388.16 346.20 Td (the ) Tj ET Q q 0 0 0 rg BT 399.63 346.20 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 441.30 346.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 466.10 346.20 Td (of ) Tj ET Q q 0 0 0 rg BT 474.46 346.20 Td (each ) Tj ET Q q 0 0 0 rg BT 490.80 346.20 Td (program. ) Tj ET Q q 0 0 0 rg BT 521.47 346.20 Td (T) Tj ET Q q 0 0 0 rg BT 525.80 346.20 Td (o ) Tj ET Q q 0 0 0 rg BT 531.49 346.20 Td (the ) Tj ET Q q 0 0 0 rg BT 542.95 346.20 Td (extent ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 336.60 Td (that ) Tj ET Q q 0 0 0 rg BT 63.51 336.60 Td (the ) Tj ET Q q 0 0 0 rg BT 75.29 336.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 105.73 336.60 Td (we ) Tj ET Q q 0 0 0 rg BT 117.07 336.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 139.96 336.60 Td (to ) Tj ET Q q 0 0 0 rg BT 148.20 336.60 Td (earn ) Tj ET Q q 0 0 0 rg BT 163.97 336.60 Td (from ) Tj ET Q q 0 0 0 rg BT 181.54 336.60 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 224.42 336.60 Td (a ) Tj ET Q q 0 0 0 rg BT 229.98 336.60 Td (program ) Tj ET Q q 0 0 0 rg BT 259.10 336.60 Td (are ) Tj ET Q q 0 0 0 rg BT 270.88 336.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 291.10 336.60 Td (than ) Tj ET Q q 0 0 0 rg BT 306.89 336.60 Td (the ) Tj ET Q q 0 0 0 rg BT 318.67 336.60 Td (book ) Tj ET Q q 0 0 0 rg BT 336.68 336.60 Td (value, ) Tj ET Q q 0 0 0 rg BT 358.02 336.60 Td (the ) Tj ET Q q 0 0 0 rg BT 369.80 336.60 Td (program ) Tj ET Q q 0 0 0 rg BT 398.92 336.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 419.15 336.60 Td (are ) Tj ET Q q 0 0 0 rg BT 430.93 336.60 Td (written ) Tj ET Q q 0 0 0 rg BT 455.60 336.60 Td (down ) Tj ET Q q 0 0 0 rg BT 475.39 336.60 Td (to ) Tj ET Q q 0 0 0 rg BT 483.63 336.60 Td (their ) Tj ET Q q 0 0 0 rg BT 500.30 336.60 Td (net ) Tj ET Q q 0 0 0 rg BT 512.08 336.60 Td (realizable ) Tj ET Q q 0 0 0 rg BT 545.18 336.60 Td (value ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 327.00 Td (by ) Tj ET Q q 0 0 0 rg BT 59.40 327.00 Td (recording ) Tj ET Q q 0 0 0 rg BT 91.95 327.00 Td (an ) Tj ET Q q 0 0 0 rg BT 101.39 327.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 140.17 327.00 Td (char) Tj ET Q q 0 0 0 rg BT 153.79 327.00 Td (ge. ) Tj ET Q q 0 0 0 rg BT 164.82 327.00 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 204.29 327.00 Td (, ) Tj ET Q q 0 0 0 rg BT 208.18 327.00 Td (our ) Tj ET Q q 0 0 0 rg BT 220.74 327.00 Td (estimates ) Tj ET Q q 0 0 0 rg BT 252.41 327.00 Td (of ) Tj ET Q q 0 0 0 rg BT 260.97 327.00 Td (future ) Tj ET Q q 0 0 0 rg BT 281.97 327.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 319.41 327.00 Td (and ) Tj ET Q q 0 0 0 rg BT 332.86 327.00 Td (other ) Tj ET Q q 0 0 0 rg BT 351.19 327.00 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 383.52 327.00 Td (and ) Tj ET Q q 0 0 0 rg BT 396.97 327.00 Td (our ) Tj ET Q q 0 0 0 rg BT 409.53 327.00 Td (future ) Tj ET Q q 0 0 0 rg BT 430.52 327.00 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 473.30 327.00 Td (schedules ) Tj ET Q q 0 0 0 rg BT 506.29 327.00 Td (have ) Tj ET Q q 0 0 0 rg BT 523.29 327.00 Td (a ) Tj ET Q q 0 0 0 rg BT 528.74 327.00 Td (significant ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 317.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 72.51 317.40 Td (on ) Tj ET Q q 0 0 0 rg BT 81.74 317.40 Td (the ) Tj ET Q q 0 0 0 rg BT 92.75 317.40 Td (value ) Tj ET Q q 0 0 0 rg BT 111.31 317.40 Td (of ) Tj ET Q q 0 0 0 rg BT 119.21 317.40 Td (our ) Tj ET Q q 0 0 0 rg BT 131.11 317.40 Td (program ) Tj ET Q q 0 0 0 rg BT 159.45 317.40 Td (rights ) Tj ET Q q 0 0 0 rg BT 178.91 317.40 Td (on ) Tj ET Q q 0 0 0 rg BT 188.15 317.40 Td (the ) Tj ET Q q 0 0 0 rg BT 199.16 317.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 240.83 317.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 266.49 317.40 Td (sheet ) Tj ET Q q 0 0 0 rg BT 284.16 317.40 Td (and ) Tj ET Q q 0 0 0 rg BT 296.95 317.40 Td (the ) Tj ET Q q 0 0 0 rg BT 307.96 317.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 330.52 317.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 375.30 317.40 Td (amortization ) Tj ET Q q 0 0 0 rg BT 416.97 317.40 Td (char) Tj ET Q q 0 0 0 rg BT 430.59 317.40 Td (ge ) Tj ET Q q 0 0 0 rg BT 439.38 317.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 468.59 317.40 Td (in ) Tj ET Q q 0 0 0 rg BT 476.05 317.40 Td (the ) Tj ET Q q 0 0 0 rg BT 487.06 317.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 528.73 317.40 Td (statements ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 307.80 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 307.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.49 307.80 Td (and ) Tj ET Q q 0 0 0 rg BT 107.04 307.80 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 157.46 307.80 Td (income ) Tj ET Q q 0 0 0 rg BT 183.01 307.80 Td (/ ) Tj ET Q q 0 0 0 rg BT 187.23 307.80 Td (loss.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 289.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.20 289.20 Td (oduced ) Tj ET Q q 0 0 0 rg BT 82.30 289.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 90.01 289.20 Td (ogram ) Tj ET Q q 0 0 0 rg BT 112.90 289.20 Td (Rights) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 273.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 273.60 Td (e ) Tj ET Q q 0 0 0 rg BT 62.04 273.60 Td (also ) Tj ET Q q 0 0 0 rg BT 77.02 273.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 104.87 273.60 Td (and ) Tj ET Q q 0 0 0 rg BT 118.50 273.60 Td (license ) Tj ET Q q 0 0 0 rg BT 142.79 273.60 Td (a ) Tj ET Q q 0 0 0 rg BT 148.43 273.60 Td (variety ) Tj ET Q q 0 0 0 rg BT 172.72 273.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.47 273.60 Td (filmed ) Tj ET Q q 0 0 0 rg BT 204.44 273.60 Td (content. ) Tj ET Q q 0 0 0 rg BT 231.92 273.60 Td (The ) Tj ET Q q 0 0 0 rg BT 246.44 273.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 275.63 273.60 Td (of ) Tj ET Q q 0 0 0 rg BT 284.38 273.60 Td (this ) Tj ET Q q 0 0 0 rg BT 298.02 273.60 Td (is ) Tj ET Q q 0 0 0 rg BT 305.44 273.60 Td (television ) Tj ET Q q 0 0 0 rg BT 338.63 273.60 Td (series ) Tj ET Q q 0 0 0 rg BT 358.93 273.60 Td (and ) Tj ET Q q 0 0 0 rg BT 372.56 273.60 Td (movies ) Tj ET Q q 0 0 0 rg BT 397.76 273.60 Td (which ) Tj ET Q q 0 0 0 rg BT 419.39 273.60 Td (are ) Tj ET Q q 0 0 0 rg BT 431.24 273.60 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 479.98 273.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 510.49 273.60 Td (to ) Tj ET Q q 0 0 0 rg BT 518.80 273.60 Td (be ) Tj ET Q q 0 0 0 rg BT 528.43 273.60 Td (utilized ) Tj ET Q q 0 0 0 rg BT 554.51 273.60 Td (by ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 264.00 Td (transmission ) Tj ET Q q 0 0 0 rg BT 91.99 264.00 Td (on ) Tj ET Q q 0 0 0 rg BT 102.03 264.00 Td (our ) Tj ET Q q 0 0 0 rg BT 114.74 264.00 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 147.44 264.00 Td (stations. ) Tj ET Q q 0 0 0 rg BT 175.93 264.00 Td (Produced ) Tj ET Q q 0 0 0 rg BT 208.19 264.00 Td (program ) Tj ET Q q 0 0 0 rg BT 237.33 264.00 Td (rights, ) Tj ET Q q 0 0 0 rg BT 259.60 264.00 Td (which ) Tj ET Q q 0 0 0 rg BT 281.19 264.00 Td (include ) Tj ET Q q 0 0 0 rg BT 306.78 264.00 Td (direct ) Tj ET Q q 0 0 0 rg BT 327.04 264.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 347.08 264.00 Td (production ) Tj ET Q q 0 0 0 rg BT 383.79 264.00 Td (overhead ) Tj ET Q q 0 0 0 rg BT 415.15 264.00 Td (and ) Tj ET Q q 0 0 0 rg BT 428.74 264.00 Td (development ) Tj ET Q q 0 0 0 rg BT 472.11 264.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 492.15 264.00 Td (are ) Tj ET Q q 0 0 0 rg BT 503.96 264.00 Td (stated ) Tj ET Q q 0 0 0 rg BT 524.66 264.00 Td (at ) Tj ET Q q 0 0 0 rg BT 532.48 264.00 Td (the ) Tj ET Q q 0 0 0 rg BT 544.30 264.00 Td (lower ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 254.40 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 254.40 Td (cost, ) Tj ET Q q 0 0 0 rg BT 75.05 254.40 Td (net ) Tj ET Q q 0 0 0 rg BT 86.82 254.40 Td (of ) Tj ET Q q 0 0 0 rg BT 95.49 254.40 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 137.91 254.40 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 182.34 254.40 Td (or ) Tj ET Q q 0 0 0 rg BT 191.00 254.40 Td (net ) Tj ET Q q 0 0 0 rg BT 202.78 254.40 Td (realizable ) Tj ET Q q 0 0 0 rg BT 235.86 254.40 Td (value.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 238.80 Td (When ) Tj ET Q q 0 0 0 rg BT 70.58 238.80 Td (we ) Tj ET Q q 0 0 0 rg BT 81.88 238.80 Td (recognize ) Tj ET Q q 0 0 0 rg BT 114.95 238.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 142.24 238.80 Td (on ) Tj ET Q q 0 0 0 rg BT 152.22 238.80 Td (a ) Tj ET Q q 0 0 0 rg BT 157.75 238.80 Td (title, ) Tj ET Q q 0 0 0 rg BT 174.16 238.80 Td (we ) Tj ET Q q 0 0 0 rg BT 185.47 238.80 Td (also ) Tj ET Q q 0 0 0 rg BT 200.33 238.80 Td (recognize ) Tj ET Q q 0 0 0 rg BT 233.40 238.80 Td (a ) Tj ET Q q 0 0 0 rg BT 238.93 238.80 Td (proportion ) Tj ET Q q 0 0 0 rg BT 274.68 238.80 Td (of ) Tj ET Q q 0 0 0 rg BT 283.32 238.80 Td (the ) Tj ET Q q 0 0 0 rg BT 295.07 238.80 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 331.69 238.80 Td (film ) Tj ET Q q 0 0 0 rg BT 347.00 238.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 364.97 238.80 Td (in ) Tj ET Q q 0 0 0 rg BT 373.17 238.80 Td (the ) Tj ET Q q 0 0 0 rg BT 384.92 238.80 Td (respective ) Tj ET Q q 0 0 0 rg BT 419.32 238.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 455.07 238.80 Td (of ) Tj ET Q q 0 0 0 rg BT 463.71 238.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 499.01 238.80 Td (using ) Tj ET Q q 0 0 0 rg BT 518.32 238.80 Td (the ) Tj ET Q q 0 0 0 rg BT 530.07 238.80 Td (individual ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 229.20 Td (film ) Tj ET Q q 0 0 0 rg BT 64.39 229.20 Td (forecast ) Tj ET Q q 0 0 0 rg BT 91.26 229.20 Td (model. ) Tj ET Q q 0 0 0 rg BT 114.70 229.20 Td (The ) Tj ET Q q 0 0 0 rg BT 128.69 229.20 Td (proportion ) Tj ET Q q 0 0 0 rg BT 164.02 229.20 Td (of ) Tj ET Q q 0 0 0 rg BT 172.24 229.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 189.79 229.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 226.43 229.20 Td (is ) Tj ET Q q 0 0 0 rg BT 233.33 229.20 Td (equal ) Tj ET Q q 0 0 0 rg BT 252.20 229.20 Td (to ) Tj ET Q q 0 0 0 rg BT 259.98 229.20 Td (the ) Tj ET Q q 0 0 0 rg BT 271.31 229.20 Td (proportion ) Tj ET Q q 0 0 0 rg BT 306.64 229.20 Td (of ) Tj ET Q q 0 0 0 rg BT 314.86 229.20 Td (the ) Tj ET Q q 0 0 0 rg BT 326.18 229.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 353.06 229.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 389.70 229.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 422.79 229.20 Td (to ) Tj ET Q q 0 0 0 rg BT 430.57 229.20 Td (the ) Tj ET Q q 0 0 0 rg BT 441.90 229.20 Td (total ) Tj ET Q q 0 0 0 rg BT 457.67 229.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 484.54 229.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 514.52 229.20 Td (to ) Tj ET Q q 0 0 0 rg BT 522.30 229.20 Td (be ) Tj ET Q q 0 0 0 rg BT 531.41 229.20 Td (generated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 219.60 Td (throughout ) Tj ET Q q 0 0 0 rg BT 86.61 219.60 Td (the ) Tj ET Q q 0 0 0 rg BT 98.38 219.60 Td (title's ) Tj ET Q q 0 0 0 rg BT 117.38 219.60 Td (life ) Tj ET Q q 0 0 0 rg BT 130.04 219.60 Td (cycle ) Tj ET Q q 0 0 0 rg BT 148.91 219.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 163.35 219.60 Td ("ultimate ) Tj ET Q q 0 0 0 rg BT 194.83 219.60 Td (revenues"\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 204.00 Td (The ) Tj ET Q q 0 0 0 rg BT 64.35 204.00 Td (process ) Tj ET Q q 0 0 0 rg BT 90.75 204.00 Td (of ) Tj ET Q q 0 0 0 rg BT 99.83 204.00 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 135.56 204.00 Td (a ) Tj ET Q q 0 0 0 rg BT 141.52 204.00 Td (title's ) Tj ET Q q 0 0 0 rg BT 160.93 204.00 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 189.55 204.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 220.39 204.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 248.57 204.00 Td (management ) Tj ET Q q 0 0 0 rg BT 291.85 204.00 Td (judgment ) Tj ET Q q 0 0 0 rg BT 324.48 204.00 Td (and ) Tj ET Q q 0 0 0 rg BT 338.45 204.00 Td (is ) Tj ET Q q 0 0 0 rg BT 346.19 204.00 Td (inherently ) Tj ET Q q 0 0 0 rg BT 381.04 204.00 Td (subjective. ) Tj ET Q q 0 0 0 rg BT 417.71 204.00 Td (The ) Tj ET Q q 0 0 0 rg BT 432.56 204.00 Td (calculation ) Tj ET Q q 0 0 0 rg BT 470.06 204.00 Td (of ) Tj ET Q q 0 0 0 rg BT 479.14 204.00 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 507.76 204.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 535.49 204.00 Td (can ) Tj ET Q q 0 0 0 rg BT 549.00 204.00 Td (be ) Tj ET Q q 0 0 0 rg BT 558.96 204.00 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 194.40 Td (complex ) Tj ET Q q 0 0 0 rg BT 79.52 194.40 Td (one, ) Tj ET Q q 0 0 0 rg BT 95.54 194.40 Td (however) Tj ET Q q 0 0 0 rg BT 122.76 194.40 Td (, ) Tj ET Q q 0 0 0 rg BT 127.23 194.40 Td (the ) Tj ET Q q 0 0 0 rg BT 139.48 194.40 Td (level ) Tj ET Q q 0 0 0 rg BT 157.49 194.40 Td (of ) Tj ET Q q 0 0 0 rg BT 166.63 194.40 Td (complexity ) Tj ET Q q 0 0 0 rg BT 205.09 194.40 Td (and ) Tj ET Q q 0 0 0 rg BT 219.11 194.40 Td (subjectivity ) Tj ET Q q 0 0 0 rg BT 258.91 194.40 Td (is ) Tj ET Q q 0 0 0 rg BT 266.72 194.40 Td (correlated ) Tj ET Q q 0 0 0 rg BT 301.17 194.40 Td (to ) Tj ET Q q 0 0 0 rg BT 309.86 194.40 Td (the ) Tj ET Q q 0 0 0 rg BT 322.10 194.40 Td (number ) Tj ET Q q 0 0 0 rg BT 349.01 194.40 Td (of ) Tj ET Q q 0 0 0 rg BT 358.15 194.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 385.93 194.40 Td (streams ) Tj ET Q q 0 0 0 rg BT 412.84 194.40 Td (that ) Tj ET Q q 0 0 0 rg BT 427.31 194.40 Td (management ) Tj ET Q q 0 0 0 rg BT 470.65 194.40 Td (believes ) Tj ET Q q 0 0 0 rg BT 499.33 194.40 Td (will ) Tj ET Q q 0 0 0 rg BT 514.25 194.40 Td (be ) Tj ET Q q 0 0 0 rg BT 524.27 194.40 Td (earned. ) Tj ET Q q 0 0 0 rg BT 550.06 194.40 Td (Our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 184.80 Td (process ) Tj ET Q q 0 0 0 rg BT 75.90 184.80 Td (for ) Tj ET Q q 0 0 0 rg BT 87.63 184.80 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 123.35 184.80 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 151.97 184.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 182.81 184.80 Td (is ) Tj ET Q q 0 0 0 rg BT 190.55 184.80 Td (tailored ) Tj ET Q q 0 0 0 rg BT 217.38 184.80 Td (to ) Tj ET Q q 0 0 0 rg BT 226.01 184.80 Td (the ) Tj ET Q q 0 0 0 rg BT 238.19 184.80 Td (potential ) Tj ET Q q 0 0 0 rg BT 268.59 184.80 Td (we ) Tj ET Q q 0 0 0 rg BT 280.32 184.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 305.82 184.80 Td (a ) Tj ET Q q 0 0 0 rg BT 311.78 184.80 Td (title ) Tj ET Q q 0 0 0 rg BT 326.62 184.80 Td (has ) Tj ET Q q 0 0 0 rg BT 339.69 184.80 Td (for ) Tj ET Q q 0 0 0 rg BT 351.42 184.80 Td (generating ) Tj ET Q q 0 0 0 rg BT 387.59 184.80 Td (multiple ) Tj ET Q q 0 0 0 rg BT 416.66 184.80 Td (types ) Tj ET Q q 0 0 0 rg BT 435.95 184.80 Td (of ) Tj ET Q q 0 0 0 rg BT 445.02 184.80 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 477.32 184.80 Td (As ) Tj ET Q q 0 0 0 rg BT 488.61 184.80 Td (already ) Tj ET Q q 0 0 0 rg BT 514.56 184.80 Td (mentioned, ) Tj ET Q q 0 0 0 rg BT 552.73 184.80 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 175.20 Td (majority ) Tj ET Q q 0 0 0 rg BT 78.64 175.20 Td (of ) Tj ET Q q 0 0 0 rg BT 87.34 175.20 Td (our ) Tj ET Q q 0 0 0 rg BT 100.03 175.20 Td (production ) Tj ET Q q 0 0 0 rg BT 136.73 175.20 Td (is ) Tj ET Q q 0 0 0 rg BT 144.10 175.20 Td (intended ) Tj ET Q q 0 0 0 rg BT 173.68 175.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 205.48 175.20 Td (for ) Tj ET Q q 0 0 0 rg BT 216.84 175.20 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 257.09 175.20 Td (by ) Tj ET Q q 0 0 0 rg BT 267.12 175.20 Td (our ) Tj ET Q q 0 0 0 rg BT 279.82 175.20 Td (own ) Tj ET Q q 0 0 0 rg BT 295.63 175.20 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 337.64 175.20 Td (and ) Tj ET Q q 0 0 0 rg BT 351.23 175.20 Td (we ) Tj ET Q q 0 0 0 rg BT 362.59 175.20 Td (have ) Tj ET Q q 0 0 0 rg BT 379.72 175.20 Td (few ) Tj ET Q q 0 0 0 rg BT 393.75 175.20 Td (supportable ) Tj ET Q q 0 0 0 rg BT 433.11 175.20 Td (expectations ) Tj ET Q q 0 0 0 rg BT 475.12 175.20 Td (of ) Tj ET Q q 0 0 0 rg BT 483.82 175.20 Td (generating ) Tj ET Q q 0 0 0 rg BT 519.62 175.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 546.96 175.20 Td (from ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 165.60 Td (other ) Tj ET Q q 0 0 0 rg BT 67.85 165.60 Td (sources. ) Tj ET Q q 0 0 0 rg BT 95.75 165.60 Td (In ) Tj ET Q q 0 0 0 rg BT 104.32 165.60 Td (such ) Tj ET Q q 0 0 0 rg BT 120.90 165.60 Td (cases, ) Tj ET Q q 0 0 0 rg BT 141.69 165.60 Td (we ) Tj ET Q q 0 0 0 rg BT 152.93 165.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 181.94 165.60 Td (mainly ) Tj ET Q q 0 0 0 rg BT 206.07 165.60 Td (the ) Tj ET Q q 0 0 0 rg BT 217.75 165.60 Td (free ) Tj ET Q q 0 0 0 rg BT 232.09 165.60 Td (television ) Tj ET Q q 0 0 0 rg BT 265.11 165.60 Td (window ) Tj ET Q q 0 0 0 rg BT 292.79 165.60 Td (in ) Tj ET Q q 0 0 0 rg BT 300.93 165.60 Td (our ) Tj ET Q q 0 0 0 rg BT 313.50 165.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 350.50 165.60 Td (of ) Tj ET Q q 0 0 0 rg BT 359.08 165.60 Td (the ) Tj ET Q q 0 0 0 rg BT 370.76 165.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 398.89 165.60 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 428.11 165.60 Td (Changes ) Tj ET Q q 0 0 0 rg BT 457.57 165.60 Td (in ) Tj ET Q q 0 0 0 rg BT 465.71 165.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 497.39 165.60 Td (of ) Tj ET Q q 0 0 0 rg BT 505.96 165.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 534.09 165.60 Td (revenues ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 156.00 Td (from ) Tj ET Q q 0 0 0 rg BT 67.05 156.00 Td (period ) Tj ET Q q 0 0 0 rg BT 89.49 156.00 Td (to ) Tj ET Q q 0 0 0 rg BT 97.71 156.00 Td (period ) Tj ET Q q 0 0 0 rg BT 120.15 156.00 Td (af) Tj ET Q q 0 0 0 rg BT 126.22 156.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 140.21 156.00 Td (the ) Tj ET Q q 0 0 0 rg BT 151.98 156.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 177.98 156.00 Td (of ) Tj ET Q q 0 0 0 rg BT 186.64 156.00 Td (film ) Tj ET Q q 0 0 0 rg BT 201.97 156.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 219.97 156.00 Td (amortized ) Tj ET Q q 0 0 0 rg BT 253.96 156.00 Td (in ) Tj ET Q q 0 0 0 rg BT 262.18 156.00 Td (a ) Tj ET Q q 0 0 0 rg BT 267.73 156.00 Td (given ) Tj ET Q q 0 0 0 rg BT 287.50 156.00 Td (period ) Tj ET Q q 0 0 0 rg BT 309.94 156.00 Td (and, ) Tj ET Q q 0 0 0 rg BT 325.49 156.00 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 358.36 156.00 Td (could ) Tj ET Q q 0 0 0 rg BT 378.13 156.00 Td (have ) Tj ET Q q 0 0 0 rg BT 395.23 156.00 Td (an ) Tj ET Q q 0 0 0 rg BT 404.79 156.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 428.55 156.00 Td (on ) Tj ET Q q 0 0 0 rg BT 438.55 156.00 Td (our ) Tj ET Q q 0 0 0 rg BT 451.22 156.00 Td (results ) Tj ET Q q 0 0 0 rg BT 474.11 156.00 Td (for ) Tj ET Q q 0 0 0 rg BT 485.43 156.00 Td (that ) Tj ET Q q 0 0 0 rg BT 499.43 156.00 Td (period.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 140.40 Td (When ) Tj ET Q q 0 0 0 rg BT 70.73 140.40 Td (the ) Tj ET Q q 0 0 0 rg BT 82.64 140.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 115.42 140.40 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 143.77 140.40 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 176.33 140.40 Td (less ) Tj ET Q q 0 0 0 rg BT 190.46 140.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 224.58 140.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 242.71 140.40 Td (to ) Tj ET Q q 0 0 0 rg BT 251.07 140.40 Td (be ) Tj ET Q q 0 0 0 rg BT 260.75 140.40 Td (incurred ) Tj ET Q q 0 0 0 rg BT 289.53 140.40 Td (\(including ) Tj ET Q q 0 0 0 rg BT 324.55 140.40 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 364.89 140.40 Td (costs\), ) Tj ET Q q 0 0 0 rg BT 387.69 140.40 Td (are ) Tj ET Q q 0 0 0 rg BT 399.58 140.40 Td (less ) Tj ET Q q 0 0 0 rg BT 413.71 140.40 Td (than ) Tj ET Q q 0 0 0 rg BT 429.62 140.40 Td (the ) Tj ET Q q 0 0 0 rg BT 441.52 140.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 470.31 140.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 496.43 140.40 Td (of ) Tj ET Q q 0 0 0 rg BT 505.23 140.40 Td (the ) Tj ET Q q 0 0 0 rg BT 517.13 140.40 Td (film ) Tj ET Q q 0 0 0 rg BT 532.60 140.40 Td (costs, ) Tj ET Q q 0 0 0 rg BT 552.73 140.40 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 130.80 Td (value ) Tj ET Q q 0 0 0 rg BT 68.34 130.80 Td (of ) Tj ET Q q 0 0 0 rg BT 76.51 130.80 Td (a ) Tj ET Q q 0 0 0 rg BT 81.58 130.80 Td (film ) Tj ET Q q 0 0 0 rg BT 96.42 130.80 Td (is ) Tj ET Q q 0 0 0 rg BT 103.27 130.80 Td (deemed ) Tj ET Q q 0 0 0 rg BT 129.66 130.80 Td (to ) Tj ET Q q 0 0 0 rg BT 137.39 130.80 Td (be ) Tj ET Q q 0 0 0 rg BT 146.46 130.80 Td (not ) Tj ET Q q 0 0 0 rg BT 158.19 130.80 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 197.01 130.80 Td (and ) Tj ET Q q 0 0 0 rg BT 210.07 130.80 Td (thus, ) Tj ET Q q 0 0 0 rg BT 226.92 130.80 Td (an ) Tj ET Q q 0 0 0 rg BT 235.99 130.80 Td (immediate ) Tj ET Q q 0 0 0 rg BT 271.26 130.80 Td (write-of) Tj ET Q q 0 0 0 rg BT 296.88 130.80 Td (f ) Tj ET Q q 0 0 0 rg BT 301.06 130.80 Td (of ) Tj ET Q q 0 0 0 rg BT 309.24 130.80 Td (unrecoverable ) Tj ET Q q 0 0 0 rg BT 356.06 130.80 Td (film ) Tj ET Q q 0 0 0 rg BT 370.90 130.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 388.41 130.80 Td (is ) Tj ET Q q 0 0 0 rg BT 395.26 130.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 424.75 130.80 Td (in ) Tj ET Q q 0 0 0 rg BT 432.49 130.80 Td (the ) Tj ET Q q 0 0 0 rg BT 443.78 130.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 485.72 130.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 521.00 130.80 Td (of ) Tj ET Q q 0 0 0 rg BT 529.18 130.80 Td (operations ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 121.20 Td (and ) Tj ET Q q 0 0 0 rg BT 63.05 121.20 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 113.48 121.20 Td (income ) Tj ET Q q 0 0 0 rg BT 139.02 121.20 Td (/ ) Tj ET Q q 0 0 0 rg BT 143.25 121.20 Td (loss.) Tj ET Q endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (35) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 723.45 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 88.83 723.45 Td (of ) Tj ET Q q 0 0 0 rg BT 97.05 723.45 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 129.05 723.45 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 179.48 723.45 Td (intangible ) Tj ET Q q 0 0 0 rg BT 213.92 723.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 235.04 723.45 Td (and ) Tj ET Q q 0 0 0 rg BT 249.04 723.45 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 283.47 723.45 Td (assets ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 707.85 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 707.85 Td (e ) Tj ET Q q 0 0 0 rg BT 61.06 707.85 Td (assess ) Tj ET Q q 0 0 0 rg BT 81.72 707.85 Td (the ) Tj ET Q q 0 0 0 rg BT 92.60 707.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 120.36 707.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 145.46 707.85 Td (of ) Tj ET Q q 0 0 0 rg BT 153.22 707.85 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 182.77 707.85 Td (and ) Tj ET Q q 0 0 0 rg BT 195.43 707.85 Td (other ) Tj ET Q q 0 0 0 rg BT 212.97 707.85 Td (intangible ) Tj ET Q q 0 0 0 rg BT 246.06 707.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 265.83 707.85 Td (with ) Tj ET Q q 0 0 0 rg BT 281.16 707.85 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 312.92 707.85 Td (lives ) Tj ET Q q 0 0 0 rg BT 329.13 707.85 Td (on ) Tj ET Q q 0 0 0 rg BT 338.23 707.85 Td (an ) Tj ET Q q 0 0 0 rg BT 346.89 707.85 Td (annual ) Tj ET Q q 0 0 0 rg BT 369.31 707.85 Td (basis, ) Tj ET Q q 0 0 0 rg BT 388.42 707.85 Td (or ) Tj ET Q q 0 0 0 rg BT 396.19 707.85 Td (more ) Tj ET Q q 0 0 0 rg BT 413.73 707.85 Td (frequently ) Tj ET Q q 0 0 0 rg BT 447.71 707.85 Td (if ) Tj ET Q q 0 0 0 rg BT 453.70 707.85 Td (events ) Tj ET Q q 0 0 0 rg BT 475.24 707.85 Td (or ) Tj ET Q q 0 0 0 rg BT 483.00 707.85 Td (changes ) Tj ET Q q 0 0 0 rg BT 509.87 707.85 Td (in ) Tj ET Q q 0 0 0 rg BT 517.20 707.85 Td (circumstances ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 76.48 698.25 Td (that ) Tj ET Q q 0 0 0 rg BT 90.13 698.25 Td (such ) Tj ET Q q 0 0 0 rg BT 106.46 698.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 134.77 698.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 160.42 698.25 Td (may ) Tj ET Q q 0 0 0 rg BT 175.86 698.25 Td (not ) Tj ET Q q 0 0 0 rg BT 187.74 698.25 Td (be ) Tj ET Q q 0 0 0 rg BT 196.95 698.25 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 237.91 698.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 257.79 698.25 Td (than ) Tj ET Q q 0 0 0 rg BT 273.22 698.25 Td (our ) Tj ET Q q 0 0 0 rg BT 285.54 698.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 308.53 698.25 Td (review) Tj ET Q q 0 0 0 rg BT 329.77 698.25 Td (, ) Tj ET Q q 0 0 0 rg BT 333.43 698.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 356.86 698.25 Td (we ) Tj ET Q q 0 0 0 rg BT 367.84 698.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 396.60 698.25 Td (important ) Tj ET Q q 0 0 0 rg BT 429.37 698.25 Td (which ) Tj ET Q q 0 0 0 rg BT 450.58 698.25 Td (could ) Tj ET Q q 0 0 0 rg BT 470.01 698.25 Td (trigger ) Tj ET Q q 0 0 0 rg BT 493.00 698.25 Td (an ) Tj ET Q q 0 0 0 rg BT 502.21 698.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 540.74 698.25 Td (review ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 688.65 Td (include: ) Tj ET Q q 0 0 0 rg BT 77.34 688.65 Td (under) Tj ET Q q 0 0 0 rg BT 95.40 688.65 Td (-performance ) Tj ET Q q 0 0 0 rg BT 140.55 688.65 Td (of ) Tj ET Q q 0 0 0 rg BT 149.29 688.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 180.69 688.65 Td (units ) Tj ET Q q 0 0 0 rg BT 198.32 688.65 Td (or ) Tj ET Q q 0 0 0 rg BT 207.06 688.65 Td (changes ) Tj ET Q q 0 0 0 rg BT 234.90 688.65 Td (in ) Tj ET Q q 0 0 0 rg BT 243.20 688.65 Td (projected ) Tj ET Q q 0 0 0 rg BT 275.04 688.65 Td (results, ) Tj ET Q q 0 0 0 rg BT 300.00 688.65 Td (changes ) Tj ET Q q 0 0 0 rg BT 327.84 688.65 Td (in ) Tj ET Q q 0 0 0 rg BT 336.13 688.65 Td (the ) Tj ET Q q 0 0 0 rg BT 347.98 688.65 Td (manner ) Tj ET Q q 0 0 0 rg BT 374.04 688.65 Td (of ) Tj ET Q q 0 0 0 rg BT 382.78 688.65 Td (utilization ) Tj ET Q q 0 0 0 rg BT 417.29 688.65 Td (of ) Tj ET Q q 0 0 0 rg BT 426.03 688.65 Td (the ) Tj ET Q q 0 0 0 rg BT 437.88 688.65 Td (asset, ) Tj ET Q q 0 0 0 rg BT 457.50 688.65 Td (a ) Tj ET Q q 0 0 0 rg BT 463.13 688.65 Td (severe ) Tj ET Q q 0 0 0 rg BT 485.63 688.65 Td (and ) Tj ET Q q 0 0 0 rg BT 499.26 688.65 Td (sustained ) Tj ET Q q 0 0 0 rg BT 531.11 688.65 Td (decline ) Tj ET Q q 0 0 0 rg BT 556.28 688.65 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 679.05 Td (the ) Tj ET Q q 0 0 0 rg BT 61.31 679.05 Td (price ) Tj ET Q q 0 0 0 rg BT 79.34 679.05 Td (of ) Tj ET Q q 0 0 0 rg BT 88.04 679.05 Td (our ) Tj ET Q q 0 0 0 rg BT 100.75 679.05 Td (shares, ) Tj ET Q q 0 0 0 rg BT 124.78 679.05 Td (negative ) Tj ET Q q 0 0 0 rg BT 153.91 679.05 Td (market ) Tj ET Q q 0 0 0 rg BT 178.16 679.05 Td (conditions ) Tj ET Q q 0 0 0 rg BT 213.54 679.05 Td (or ) Tj ET Q q 0 0 0 rg BT 222.24 679.05 Td (economic ) Tj ET Q q 0 0 0 rg BT 255.38 679.05 Td (trends ) Tj ET Q q 0 0 0 rg BT 276.96 679.05 Td (or ) Tj ET Q q 0 0 0 rg BT 285.67 679.05 Td (specific ) Tj ET Q q 0 0 0 rg BT 312.58 679.05 Td (events ) Tj ET Q q 0 0 0 rg BT 335.06 679.05 Td (such ) Tj ET Q q 0 0 0 rg BT 351.76 679.05 Td (as ) Tj ET Q q 0 0 0 rg BT 360.46 679.05 Td (new ) Tj ET Q q 0 0 0 rg BT 375.83 679.05 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 413.20 679.05 Td (new ) Tj ET Q q 0 0 0 rg BT 428.57 679.05 Td (market ) Tj ET Q q 0 0 0 rg BT 452.82 679.05 Td (entrants, ) Tj ET Q q 0 0 0 rg BT 482.18 679.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 509.98 679.05 Td (in ) Tj ET Q q 0 0 0 rg BT 518.25 679.05 Td (technology ) Tj ET Q q 0 0 0 rg BT 555.83 679.05 Td (as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 669.45 Td (well ) Tj ET Q q 0 0 0 rg BT 65.08 669.45 Td (as ) Tj ET Q q 0 0 0 rg BT 73.56 669.45 Td (adverse ) Tj ET Q q 0 0 0 rg BT 99.80 669.45 Td (legal ) Tj ET Q q 0 0 0 rg BT 117.16 669.45 Td (judgments ) Tj ET Q q 0 0 0 rg BT 152.30 669.45 Td (that ) Tj ET Q q 0 0 0 rg BT 166.11 669.45 Td (we ) Tj ET Q q 0 0 0 rg BT 177.24 669.45 Td (believe ) Tj ET Q q 0 0 0 rg BT 202.15 669.45 Td (could ) Tj ET Q q 0 0 0 rg BT 221.74 669.45 Td (have ) Tj ET Q q 0 0 0 rg BT 238.65 669.45 Td (a ) Tj ET Q q 0 0 0 rg BT 244.01 669.45 Td (negative ) Tj ET Q q 0 0 0 rg BT 272.92 669.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 296.50 669.45 Td (on ) Tj ET Q q 0 0 0 rg BT 306.31 669.45 Td (our ) Tj ET Q q 0 0 0 rg BT 318.78 669.45 Td (business. ) Tj ET Q q 0 0 0 rg BT 349.58 669.45 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 384.92 669.45 Td (our ) Tj ET Q q 0 0 0 rg BT 397.39 669.45 Td (judgment ) Tj ET Q q 0 0 0 rg BT 429.42 669.45 Td (as ) Tj ET Q q 0 0 0 rg BT 437.90 669.45 Td (to ) Tj ET Q q 0 0 0 rg BT 445.93 669.45 Td (the ) Tj ET Q q 0 0 0 rg BT 457.51 669.45 Td (future ) Tj ET Q q 0 0 0 rg BT 478.43 669.45 Td (prospects ) Tj ET Q q 0 0 0 rg BT 510.45 669.45 Td (of ) Tj ET Q q 0 0 0 rg BT 518.93 669.45 Td (each ) Tj ET Q q 0 0 0 rg BT 535.39 669.45 Td (business ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 659.85 Td (has ) Tj ET Q q 0 0 0 rg BT 61.88 659.85 Td (a ) Tj ET Q q 0 0 0 rg BT 67.14 659.85 Td (significant ) Tj ET Q q 0 0 0 rg BT 102.63 659.85 Td (impact ) Tj ET Q q 0 0 0 rg BT 126.11 659.85 Td (on ) Tj ET Q q 0 0 0 rg BT 135.82 659.85 Td (our ) Tj ET Q q 0 0 0 rg BT 148.20 659.85 Td (results ) Tj ET Q q 0 0 0 rg BT 170.80 659.85 Td (and ) Tj ET Q q 0 0 0 rg BT 184.07 659.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 213.76 659.85 Td (condition. ) Tj ET Q q 0 0 0 rg BT 247.57 659.85 Td (W) Tj ET Q q 0 0 0 rg BT 254.48 659.85 Td (e ) Tj ET Q q 0 0 0 rg BT 259.75 659.85 Td (believe ) Tj ET Q q 0 0 0 rg BT 284.56 659.85 Td (that ) Tj ET Q q 0 0 0 rg BT 298.27 659.85 Td (our ) Tj ET Q q 0 0 0 rg BT 310.65 659.85 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 351.92 659.85 Td (are ) Tj ET Q q 0 0 0 rg BT 363.40 659.85 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 403.54 659.85 Td (If ) Tj ET Q q 0 0 0 rg BT 410.58 659.85 Td (future ) Tj ET Q q 0 0 0 rg BT 431.40 659.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 447.33 659.85 Td (flows ) Tj ET Q q 0 0 0 rg BT 466.82 659.85 Td (do ) Tj ET Q q 0 0 0 rg BT 476.53 659.85 Td (not ) Tj ET Q q 0 0 0 rg BT 488.47 659.85 Td (materialize ) Tj ET Q q 0 0 0 rg BT 525.71 659.85 Td (as ) Tj ET Q q 0 0 0 rg BT 534.09 659.85 Td (expected ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 650.25 Td (or ) Tj ET Q q 0 0 0 rg BT 58.16 650.25 Td (there ) Tj ET Q q 0 0 0 rg BT 76.15 650.25 Td (is ) Tj ET Q q 0 0 0 rg BT 83.49 650.25 Td (a ) Tj ET Q q 0 0 0 rg BT 89.04 650.25 Td (future ) Tj ET Q q 0 0 0 rg BT 110.14 650.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 136.57 650.25 Td (change ) Tj ET Q q 0 0 0 rg BT 161.22 650.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.45 650.25 Td (market ) Tj ET Q q 0 0 0 rg BT 193.66 650.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 230.99 650.25 Td (we ) Tj ET Q q 0 0 0 rg BT 242.32 650.25 Td (may ) Tj ET Q q 0 0 0 rg BT 258.09 650.25 Td (be ) Tj ET Q q 0 0 0 rg BT 267.64 650.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 290.96 650.25 Td (to ) Tj ET Q q 0 0 0 rg BT 299.19 650.25 Td (recover ) Tj ET Q q 0 0 0 rg BT 325.17 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.94 650.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 365.59 650.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 391.59 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.25 650.25 Td (an ) Tj ET Q q 0 0 0 rg BT 409.80 650.25 Td (asset, ) Tj ET Q q 0 0 0 rg BT 429.36 650.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 459.35 650.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.57 650.25 Td (future ) Tj ET Q q 0 0 0 rg BT 488.68 650.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 527.55 650.25 Td (losses.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 634.65 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 88.42 634.65 Td (tests ) Tj ET Q q 0 0 0 rg BT 104.23 634.65 Td (of ) Tj ET Q q 0 0 0 rg BT 112.49 634.65 Td (our ) Tj ET Q q 0 0 0 rg BT 124.75 634.65 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 154.79 634.65 Td (are ) Tj ET Q q 0 0 0 rg BT 166.16 634.65 Td (performed ) Tj ET Q q 0 0 0 rg BT 201.07 634.65 Td (at ) Tj ET Q q 0 0 0 rg BT 208.44 634.65 Td (the ) Tj ET Q q 0 0 0 rg BT 219.81 634.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 250.73 634.65 Td (unit ) Tj ET Q q 0 0 0 rg BT 264.77 634.65 Td (level. ) Tj ET Q q 0 0 0 rg BT 283.79 634.65 Td (The ) Tj ET Q q 0 0 0 rg BT 297.83 634.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 310.53 634.65 Td (value ) Tj ET Q q 0 0 0 rg BT 329.45 634.65 Td (of ) Tj ET Q q 0 0 0 rg BT 337.71 634.65 Td (the ) Tj ET Q q 0 0 0 rg BT 349.07 634.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 379.99 634.65 Td (unit ) Tj ET Q q 0 0 0 rg BT 394.04 634.65 Td (is ) Tj ET Q q 0 0 0 rg BT 400.97 634.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 434.10 634.65 Td (to ) Tj ET Q q 0 0 0 rg BT 441.92 634.65 Td (its ) Tj ET Q q 0 0 0 rg BT 451.07 634.65 Td (carrying ) Tj ET Q q 0 0 0 rg BT 479.32 634.65 Td (value, ) Tj ET Q q 0 0 0 rg BT 500.24 634.65 Td (including ) Tj ET Q q 0 0 0 rg BT 532.06 634.65 Td (goodwill. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 625.05 Td (An ) Tj ET Q q 0 0 0 rg BT 61.37 625.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 100.35 625.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 114.90 625.05 Td (is ) Tj ET Q q 0 0 0 rg BT 122.33 625.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 159.51 625.05 Td (for ) Tj ET Q q 0 0 0 rg BT 170.94 625.05 Td (any ) Tj ET Q q 0 0 0 rg BT 184.59 625.05 Td (excess ) Tj ET Q q 0 0 0 rg BT 207.56 625.05 Td (of ) Tj ET Q q 0 0 0 rg BT 216.32 625.05 Td (the ) Tj ET Q q 0 0 0 rg BT 228.19 625.05 Td (carrying ) Tj ET Q q 0 0 0 rg BT 256.94 625.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 283.04 625.05 Td (of ) Tj ET Q q 0 0 0 rg BT 291.80 625.05 Td (the ) Tj ET Q q 0 0 0 rg BT 303.67 625.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 335.09 625.05 Td (unit ) Tj ET Q q 0 0 0 rg BT 349.63 625.05 Td (over ) Tj ET Q q 0 0 0 rg BT 365.94 625.05 Td (its ) Tj ET Q q 0 0 0 rg BT 375.60 625.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 388.79 625.05 Td (value. ) Tj ET Q q 0 0 0 rg BT 410.21 625.05 Td (If ) Tj ET Q q 0 0 0 rg BT 417.64 625.05 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 448.18 625.05 Td (and ) Tj ET Q q 0 0 0 rg BT 461.83 625.05 Td (another ) Tj ET Q q 0 0 0 rg BT 487.91 625.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 505.56 625.05 Td (or ) Tj ET Q q 0 0 0 rg BT 514.32 625.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 531.97 625.05 Td (group ) Tj ET Q q 0 0 0 rg BT 552.73 625.05 Td (are ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 615.45 Td (tested ) Tj ET Q q 0 0 0 rg BT 70.37 615.45 Td (for ) Tj ET Q q 0 0 0 rg BT 81.90 615.45 Td (impairment ) Tj ET Q q 0 0 0 rg BT 120.99 615.45 Td (at ) Tj ET Q q 0 0 0 rg BT 128.97 615.45 Td (the ) Tj ET Q q 0 0 0 rg BT 140.95 615.45 Td (same ) Tj ET Q q 0 0 0 rg BT 159.59 615.45 Td (time, ) Tj ET Q q 0 0 0 rg BT 178.02 615.45 Td (the ) Tj ET Q q 0 0 0 rg BT 190.00 615.45 Td (other ) Tj ET Q q 0 0 0 rg BT 208.64 615.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 229.52 615.45 Td (are ) Tj ET Q q 0 0 0 rg BT 241.49 615.45 Td (tested ) Tj ET Q q 0 0 0 rg BT 262.36 615.45 Td (for ) Tj ET Q q 0 0 0 rg BT 273.89 615.45 Td (impairment ) Tj ET Q q 0 0 0 rg BT 312.98 615.45 Td (before ) Tj ET Q q 0 0 0 rg BT 335.61 615.45 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 368.27 615.45 Td (If ) Tj ET Q q 0 0 0 rg BT 375.80 615.45 Td (the ) Tj ET Q q 0 0 0 rg BT 387.78 615.45 Td (other ) Tj ET Q q 0 0 0 rg BT 406.43 615.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 424.18 615.45 Td (or ) Tj ET Q q 0 0 0 rg BT 433.05 615.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 450.81 615.45 Td (group ) Tj ET Q q 0 0 0 rg BT 471.68 615.45 Td (is ) Tj ET Q q 0 0 0 rg BT 479.23 615.45 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 511.87 615.45 Td (this ) Tj ET Q q 0 0 0 rg BT 525.63 615.45 Td (impairment ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 605.85 Td (loss ) Tj ET Q q 0 0 0 rg BT 63.96 605.85 Td (is ) Tj ET Q q 0 0 0 rg BT 71.31 605.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 108.41 605.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 125.97 605.85 Td (to ) Tj ET Q q 0 0 0 rg BT 134.20 605.85 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 164.66 605.85 Td (being ) Tj ET Q q 0 0 0 rg BT 184.44 605.85 Td (tested ) Tj ET Q q 0 0 0 rg BT 205.11 605.85 Td (for ) Tj ET Q q 0 0 0 rg BT 216.45 605.85 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 257.34 605.85 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 296.67 605.85 Td (tests ) Tj ET Q q 0 0 0 rg BT 312.91 605.85 Td (of ) Tj ET Q q 0 0 0 rg BT 321.58 605.85 Td (other ) Tj ET Q q 0 0 0 rg BT 340.03 605.85 Td (intangible ) Tj ET Q q 0 0 0 rg BT 374.03 605.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 394.71 605.85 Td (with ) Tj ET Q q 0 0 0 rg BT 410.94 605.85 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 443.61 605.85 Td (lives ) Tj ET Q q 0 0 0 rg BT 460.73 605.85 Td (are ) Tj ET Q q 0 0 0 rg BT 472.50 605.85 Td (performed ) Tj ET Q q 0 0 0 rg BT 507.83 605.85 Td (at ) Tj ET Q q 0 0 0 rg BT 515.62 605.85 Td (the ) Tj ET Q q 0 0 0 rg BT 527.40 605.85 Td (asset ) Tj ET Q q 0 0 0 rg BT 544.96 605.85 Td (level. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 596.25 Td (An ) Tj ET Q q 0 0 0 rg BT 61.28 596.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 100.16 596.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 114.61 596.25 Td (is ) Tj ET Q q 0 0 0 rg BT 121.94 596.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 159.03 596.25 Td (for ) Tj ET Q q 0 0 0 rg BT 170.36 596.25 Td (any ) Tj ET Q q 0 0 0 rg BT 183.91 596.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 206.79 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.45 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.23 596.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 255.88 596.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 281.88 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.54 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.31 596.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 336.30 596.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 353.86 596.25 Td (over ) Tj ET Q q 0 0 0 rg BT 370.07 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.84 596.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 394.95 596.25 Td (value.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 580.65 Td (The ) Tj ET Q q 0 0 0 rg BT 64.44 580.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 78.04 580.65 Td (value ) Tj ET Q q 0 0 0 rg BT 97.87 580.65 Td (of ) Tj ET Q q 0 0 0 rg BT 107.04 580.65 Td (each ) Tj ET Q q 0 0 0 rg BT 124.19 580.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 156.02 580.65 Td (unit ) Tj ET Q q 0 0 0 rg BT 170.97 580.65 Td (is ) Tj ET Q q 0 0 0 rg BT 178.81 580.65 Td (determined ) Tj ET Q q 0 0 0 rg BT 217.30 580.65 Td (using ) Tj ET Q q 0 0 0 rg BT 237.13 580.65 Td (an ) Tj ET Q q 0 0 0 rg BT 247.19 580.65 Td (income ) Tj ET Q q 0 0 0 rg BT 273.24 580.65 Td (methodology ) Tj ET Q q 0 0 0 rg BT 317.96 580.65 Td (estimating ) Tj ET Q q 0 0 0 rg BT 353.79 580.65 Td (projected ) Tj ET Q q 0 0 0 rg BT 386.06 580.65 Td (future ) Tj ET Q q 0 0 0 rg BT 407.66 580.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 424.38 580.65 Td (flows ) Tj ET Q q 0 0 0 rg BT 444.66 580.65 Td (related ) Tj ET Q q 0 0 0 rg BT 468.92 580.65 Td (to ) Tj ET Q q 0 0 0 rg BT 477.65 580.65 Td (each ) Tj ET Q q 0 0 0 rg BT 494.80 580.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 526.63 580.65 Td (unit. ) Tj ET Q q 0 0 0 rg BT 543.40 580.65 Td (These ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 571.05 Td (projected ) Tj ET Q q 0 0 0 rg BT 81.68 571.05 Td (future ) Tj ET Q q 0 0 0 rg BT 103.19 571.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.82 571.05 Td (flows ) Tj ET Q q 0 0 0 rg BT 140.01 571.05 Td (are ) Tj ET Q q 0 0 0 rg BT 152.19 571.05 Td (discounted ) Tj ET Q q 0 0 0 rg BT 189.27 571.05 Td (back ) Tj ET Q q 0 0 0 rg BT 206.78 571.05 Td (to ) Tj ET Q q 0 0 0 rg BT 215.42 571.05 Td (the ) Tj ET Q q 0 0 0 rg BT 227.61 571.05 Td (valuation ) Tj ET Q q 0 0 0 rg BT 259.79 571.05 Td (date. ) Tj ET Q q 0 0 0 rg BT 277.53 571.05 Td (Significant ) Tj ET Q q 0 0 0 rg BT 315.05 571.05 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 357.02 571.05 Td (inherent ) Tj ET Q q 0 0 0 rg BT 385.64 571.05 Td (in ) Tj ET Q q 0 0 0 rg BT 394.28 571.05 Td (the ) Tj ET Q q 0 0 0 rg BT 406.47 571.05 Td (methodology ) Tj ET Q q 0 0 0 rg BT 451.10 571.05 Td (used ) Tj ET Q q 0 0 0 rg BT 468.18 571.05 Td (include ) Tj ET Q q 0 0 0 rg BT 494.14 571.05 Td (estimates ) Tj ET Q q 0 0 0 rg BT 526.32 571.05 Td (of ) Tj ET Q q 0 0 0 rg BT 535.40 571.05 Td (discount ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 561.45 Td (rates, ) Tj ET Q q 0 0 0 rg BT 68.99 561.45 Td (future ) Tj ET Q q 0 0 0 rg BT 90.49 561.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 118.19 561.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 143.25 561.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 160.74 561.45 Td (and ) Tj ET Q q 0 0 0 rg BT 174.69 561.45 Td (a ) Tj ET Q q 0 0 0 rg BT 180.63 561.45 Td (number ) Tj ET Q q 0 0 0 rg BT 207.46 561.45 Td (of ) Tj ET Q q 0 0 0 rg BT 216.51 561.45 Td (other ) Tj ET Q q 0 0 0 rg BT 235.34 561.45 Td (factors, ) Tj ET Q q 0 0 0 rg BT 261.50 561.45 Td (all ) Tj ET Q q 0 0 0 rg BT 271.89 561.45 Td (of ) Tj ET Q q 0 0 0 rg BT 280.94 561.45 Td (which ) Tj ET Q q 0 0 0 rg BT 302.88 561.45 Td (are ) Tj ET Q q 0 0 0 rg BT 315.04 561.45 Td (based ) Tj ET Q q 0 0 0 rg BT 335.65 561.45 Td (on ) Tj ET Q q 0 0 0 rg BT 346.04 561.45 Td (our ) Tj ET Q q 0 0 0 rg BT 359.10 561.45 Td (assessment ) Tj ET Q q 0 0 0 rg BT 397.04 561.45 Td (of ) Tj ET Q q 0 0 0 rg BT 406.09 561.45 Td (the ) Tj ET Q q 0 0 0 rg BT 418.26 561.45 Td (future ) Tj ET Q q 0 0 0 rg BT 439.75 561.45 Td (prospects ) Tj ET Q q 0 0 0 rg BT 472.36 561.45 Td (and ) Tj ET Q q 0 0 0 rg BT 486.30 561.45 Td (the ) Tj ET Q q 0 0 0 rg BT 498.47 561.45 Td (risks ) Tj ET Q q 0 0 0 rg BT 515.97 561.45 Td (inherent ) Tj ET Q q 0 0 0 rg BT 544.57 561.45 Td (at ) Tj ET Q q 0 0 0 rg BT 552.74 561.45 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 551.85 Td (respective ) Tj ET Q q 0 0 0 rg BT 83.35 551.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 114.10 551.85 Td (units. ) Tj ET Q q 0 0 0 rg BT 132.98 551.85 Td (W) Tj ET Q q 0 0 0 rg BT 139.89 551.85 Td (e ) Tj ET Q q 0 0 0 rg BT 144.86 551.85 Td (have ) Tj ET Q q 0 0 0 rg BT 161.39 551.85 Td (identified ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.47 551.85 Td (five) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.90 551.85 Td ( ) Tj ET Q q 0 0 0 rg BT 207.33 551.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 238.08 551.85 Td (units ) Tj ET Q q 0 0 0 rg BT 255.06 551.85 Td (which ) Tj ET Q q 0 0 0 rg BT 276.03 551.85 Td (consist ) Tj ET Q q 0 0 0 rg BT 299.68 551.85 Td (of ) Tj ET Q q 0 0 0 rg BT 307.77 551.85 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.86 551.85 Td (five) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.29 551.85 Td ( ) Tj ET Q q 0 0 0 rg BT 333.72 551.85 Td (geographic ) Tj ET Q q 0 0 0 rg BT 370.68 551.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 402.31 551.85 Td (segments: ) Tj ET Q q 0 0 0 rg BT 435.73 551.85 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 466.71 551.85 Td (the ) Tj ET Q q 0 0 0 rg BT 477.90 551.85 Td (Czech ) Tj ET Q q 0 0 0 rg BT 499.31 551.85 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 531.62 551.85 Td (Romania, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 542.25 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 85.50 542.25 Td (Republic ) Tj ET Q q 0 0 0 rg BT 116.38 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.93 542.25 Td (Slovenia.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 526.65 Td (Recoverability ) Tj ET Q q 0 0 0 rg BT 98.37 526.65 Td (of ) Tj ET Q q 0 0 0 rg BT 106.80 526.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 127.24 526.65 Td (to ) Tj ET Q q 0 0 0 rg BT 135.23 526.65 Td (be ) Tj ET Q q 0 0 0 rg BT 144.55 526.65 Td (held ) Tj ET Q q 0 0 0 rg BT 160.10 526.65 Td (and ) Tj ET Q q 0 0 0 rg BT 173.42 526.65 Td (used ) Tj ET Q q 0 0 0 rg BT 189.86 526.65 Td (is ) Tj ET Q q 0 0 0 rg BT 196.96 526.65 Td (measured ) Tj ET Q q 0 0 0 rg BT 229.39 526.65 Td (by ) Tj ET Q q 0 0 0 rg BT 239.16 526.65 Td (a ) Tj ET Q q 0 0 0 rg BT 244.48 526.65 Td (comparison ) Tj ET Q q 0 0 0 rg BT 283.58 526.65 Td (of ) Tj ET Q q 0 0 0 rg BT 292.01 526.65 Td (the ) Tj ET Q q 0 0 0 rg BT 303.56 526.65 Td (carrying ) Tj ET Q q 0 0 0 rg BT 331.98 526.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 357.75 526.65 Td (of ) Tj ET Q q 0 0 0 rg BT 366.18 526.65 Td (an ) Tj ET Q q 0 0 0 rg BT 375.51 526.65 Td (asset ) Tj ET Q q 0 0 0 rg BT 392.83 526.65 Td (to ) Tj ET Q q 0 0 0 rg BT 400.82 526.65 Td (estimated ) Tj ET Q q 0 0 0 rg BT 433.25 526.65 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 477.68 526.65 Td (future ) Tj ET Q q 0 0 0 rg BT 498.55 526.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 514.54 526.65 Td (flows ) Tj ET Q q 0 0 0 rg BT 534.09 526.65 Td (expected ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 517.05 Td (to ) Tj ET Q q 0 0 0 rg BT 57.78 517.05 Td (be ) Tj ET Q q 0 0 0 rg BT 67.39 517.05 Td (generated ) Tj ET Q q 0 0 0 rg BT 100.54 517.05 Td (by ) Tj ET Q q 0 0 0 rg BT 110.59 517.05 Td (the ) Tj ET Q q 0 0 0 rg BT 122.42 517.05 Td (respective ) Tj ET Q q 0 0 0 rg BT 156.91 517.05 Td (asset. ) Tj ET Q q 0 0 0 rg BT 176.37 517.05 Td (The ) Tj ET Q q 0 0 0 rg BT 190.86 517.05 Td (same ) Tj ET Q q 0 0 0 rg BT 209.36 517.05 Td (estimates ) Tj ET Q q 0 0 0 rg BT 241.19 517.05 Td (are ) Tj ET Q q 0 0 0 rg BT 253.01 517.05 Td (also ) Tj ET Q q 0 0 0 rg BT 267.95 517.05 Td (used ) Tj ET Q q 0 0 0 rg BT 284.67 517.05 Td (in ) Tj ET Q q 0 0 0 rg BT 292.95 517.05 Td (planning ) Tj ET Q q 0 0 0 rg BT 323.01 517.05 Td (for ) Tj ET Q q 0 0 0 rg BT 334.39 517.05 Td (our ) Tj ET Q q 0 0 0 rg BT 347.12 517.05 Td (long- ) Tj ET Q q 0 0 0 rg BT 366.06 517.05 Td (and ) Tj ET Q q 0 0 0 rg BT 379.67 517.05 Td (short-range ) Tj ET Q q 0 0 0 rg BT 418.16 517.05 Td (business ) Tj ET Q q 0 0 0 rg BT 447.33 517.05 Td (planning ) Tj ET Q q 0 0 0 rg BT 477.38 517.05 Td (and ) Tj ET Q q 0 0 0 rg BT 490.99 517.05 Td (forecasting. ) Tj ET Q q 0 0 0 rg BT 530.44 517.05 Td (W) Tj ET Q q 0 0 0 rg BT 537.35 517.05 Td (e ) Tj ET Q q 0 0 0 rg BT 542.96 517.05 Td (assess ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 507.45 Td (the ) Tj ET Q q 0 0 0 rg BT 60.96 507.45 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 110.63 507.45 Td (of ) Tj ET Q q 0 0 0 rg BT 118.98 507.45 Td (the ) Tj ET Q q 0 0 0 rg BT 130.44 507.45 Td (inputs ) Tj ET Q q 0 0 0 rg BT 151.69 507.45 Td (and ) Tj ET Q q 0 0 0 rg BT 164.93 507.45 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 197.27 507.45 Td (of ) Tj ET Q q 0 0 0 rg BT 205.63 507.45 Td (our ) Tj ET Q q 0 0 0 rg BT 217.98 507.45 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 262.32 507.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 278.23 507.45 Td (flow ) Tj ET Q q 0 0 0 rg BT 294.58 507.45 Td (analysis ) Tj ET Q q 0 0 0 rg BT 322.04 507.45 Td (against ) Tj ET Q q 0 0 0 rg BT 346.39 507.45 Td (available ) Tj ET Q q 0 0 0 rg BT 376.95 507.45 Td (comparable ) Tj ET Q q 0 0 0 rg BT 415.95 507.45 Td (market ) Tj ET Q q 0 0 0 rg BT 439.84 507.45 Td (data. ) Tj ET Q q 0 0 0 rg BT 456.86 507.45 Td (If ) Tj ET Q q 0 0 0 rg BT 463.87 507.45 Td (the ) Tj ET Q q 0 0 0 rg BT 475.33 507.45 Td (carrying ) Tj ET Q q 0 0 0 rg BT 503.67 507.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 529.36 507.45 Td (of ) Tj ET Q q 0 0 0 rg BT 537.71 507.45 Td (an ) Tj ET Q q 0 0 0 rg BT 546.95 507.45 Td (asset ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 497.85 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 76.75 497.85 Td (its ) Tj ET Q q 0 0 0 rg BT 86.25 497.85 Td (estimated ) Tj ET Q q 0 0 0 rg BT 118.84 497.85 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 163.43 497.85 Td (future ) Tj ET Q q 0 0 0 rg BT 184.47 497.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 200.62 497.85 Td (flows, ) Tj ET Q q 0 0 0 rg BT 222.33 497.85 Td (an ) Tj ET Q q 0 0 0 rg BT 231.82 497.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 270.63 497.85 Td (char) Tj ET Q q 0 0 0 rg BT 284.26 497.85 Td (ge ) Tj ET Q q 0 0 0 rg BT 293.74 497.85 Td (is ) Tj ET Q q 0 0 0 rg BT 301.01 497.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 338.04 497.85 Td (for ) Tj ET Q q 0 0 0 rg BT 349.30 497.85 Td (the ) Tj ET Q q 0 0 0 rg BT 361.01 497.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 386.94 497.85 Td (by ) Tj ET Q q 0 0 0 rg BT 396.88 497.85 Td (which ) Tj ET Q q 0 0 0 rg BT 418.37 497.85 Td (the ) Tj ET Q q 0 0 0 rg BT 430.07 497.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 458.66 497.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 484.59 497.85 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 511.85 497.85 Td (the ) Tj ET Q q 0 0 0 rg BT 523.55 497.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 536.59 497.85 Td (value ) Tj ET Q q 0 0 0 rg BT 555.85 497.85 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 488.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 95.70 488.25 Td (asset.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 472.65 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 472.65 Td (table ) Tj ET Q q 0 0 0 rg BT 81.48 472.65 Td (below ) Tj ET Q q 0 0 0 rg BT 103.04 472.65 Td (shows ) Tj ET Q q 0 0 0 rg BT 125.04 472.65 Td (the ) Tj ET Q q 0 0 0 rg BT 136.81 472.65 Td (key ) Tj ET Q q 0 0 0 rg BT 150.36 472.65 Td (measurements ) Tj ET Q q 0 0 0 rg BT 198.13 472.65 Td (involved ) Tj ET Q q 0 0 0 rg BT 228.12 472.65 Td (and ) Tj ET Q q 0 0 0 rg BT 241.67 472.65 Td (the ) Tj ET Q q 0 0 0 rg BT 253.45 472.65 Td (valuation ) Tj ET Q q 0 0 0 rg BT 285.21 472.65 Td (methods ) Tj ET Q q 0 0 0 rg BT 314.32 472.65 Td (applied:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 443.15 254.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 443.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 443.15 254.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 417.15 254.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 417.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 417.15 254.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 443.15 m 303.5 443.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 443.15 m 307.5 443.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 443.15 m 561.5 443.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 447.38 Td (Measur) Tj ET Q q 0 0 0 rg BT 78.14 447.38 Td (ement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.00 447.38 Td (V) Tj ET Q q 0 0 0 rg BT 315.04 447.38 Td (aluation Method) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 434.40 Td (Recoverability of carrying amounts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.00 434.40 Td (Undiscounted future cash flows) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 421.40 Td (Fair value of broadcast licenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.00 421.40 Td (Build-out method) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 408.40 Td (Fair value of indefinite-lived trademarks) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.00 408.40 Td (Relief from royalty method) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 395.40 Td (Fair value of reporting units) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.00 395.40 Td (Discounted cash flow model) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 376.05 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.10 376.05 Td (estimate ) Tj ET Q q 0 0 0 rg BT 92.92 376.05 Td (of ) Tj ET Q q 0 0 0 rg BT 101.74 376.05 Td (the ) Tj ET Q q 0 0 0 rg BT 113.68 376.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 130.05 376.05 Td (flows ) Tj ET Q q 0 0 0 rg BT 149.99 376.05 Td (our ) Tj ET Q q 0 0 0 rg BT 162.81 376.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 198.30 376.05 Td (will ) Tj ET Q q 0 0 0 rg BT 212.90 376.05 Td (generate ) Tj ET Q q 0 0 0 rg BT 242.15 376.05 Td (in ) Tj ET Q q 0 0 0 rg BT 250.54 376.05 Td (future ) Tj ET Q q 0 0 0 rg BT 271.80 376.05 Td (periods ) Tj ET Q q 0 0 0 rg BT 297.51 376.05 Td (forms ) Tj ET Q q 0 0 0 rg BT 318.33 376.05 Td (the ) Tj ET Q q 0 0 0 rg BT 330.27 376.05 Td (basis ) Tj ET Q q 0 0 0 rg BT 348.43 376.05 Td (for ) Tj ET Q q 0 0 0 rg BT 359.91 376.05 Td (most ) Tj ET Q q 0 0 0 rg BT 377.63 376.05 Td (of ) Tj ET Q q 0 0 0 rg BT 386.46 376.05 Td (the ) Tj ET Q q 0 0 0 rg BT 398.39 376.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 434.32 376.05 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 476.04 376.05 Td (inherent ) Tj ET Q q 0 0 0 rg BT 504.41 376.05 Td (in ) Tj ET Q q 0 0 0 rg BT 512.79 376.05 Td (our ) Tj ET Q q 0 0 0 rg BT 525.62 376.05 Td (impairment ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 366.45 Td (reviews. ) Tj ET Q q 0 0 0 rg BT 78.83 366.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 93.73 366.45 Td (expectations ) Tj ET Q q 0 0 0 rg BT 136.17 366.45 Td (of ) Tj ET Q q 0 0 0 rg BT 145.29 366.45 Td (these ) Tj ET Q q 0 0 0 rg BT 164.19 366.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 180.86 366.45 Td (flows ) Tj ET Q q 0 0 0 rg BT 201.09 366.45 Td (are ) Tj ET Q q 0 0 0 rg BT 213.31 366.45 Td (developed ) Tj ET Q q 0 0 0 rg BT 248.64 366.45 Td (during ) Tj ET Q q 0 0 0 rg BT 271.99 366.45 Td (our ) Tj ET Q q 0 0 0 rg BT 285.11 366.45 Td (long- ) Tj ET Q q 0 0 0 rg BT 304.45 366.45 Td (and ) Tj ET Q q 0 0 0 rg BT 318.46 366.45 Td (short-range ) Tj ET Q q 0 0 0 rg BT 357.34 366.45 Td (business ) Tj ET Q q 0 0 0 rg BT 386.91 366.45 Td (planning ) Tj ET Q q 0 0 0 rg BT 417.36 366.45 Td (processes, ) Tj ET Q q 0 0 0 rg BT 452.48 366.45 Td (which ) Tj ET Q q 0 0 0 rg BT 474.48 366.45 Td (are ) Tj ET Q q 0 0 0 rg BT 486.70 366.45 Td (designed ) Tj ET Q q 0 0 0 rg BT 517.60 366.45 Td (to ) Tj ET Q q 0 0 0 rg BT 526.28 366.45 Td (address ) Tj ET Q q 0 0 0 rg BT 552.72 366.45 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 356.85 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 92.37 356.85 Td (inherent ) Tj ET Q q 0 0 0 rg BT 120.58 356.85 Td (in ) Tj ET Q q 0 0 0 rg BT 128.80 356.85 Td (the ) Tj ET Q q 0 0 0 rg BT 140.58 356.85 Td (forecasting ) Tj ET Q q 0 0 0 rg BT 178.12 356.85 Td (process ) Tj ET Q q 0 0 0 rg BT 204.11 356.85 Td (by ) Tj ET Q q 0 0 0 rg BT 214.11 356.85 Td (capturing ) Tj ET Q q 0 0 0 rg BT 246.32 356.85 Td (a ) Tj ET Q q 0 0 0 rg BT 251.87 356.85 Td (range ) Tj ET Q q 0 0 0 rg BT 271.64 356.85 Td (of ) Tj ET Q q 0 0 0 rg BT 280.30 356.85 Td (possible ) Tj ET Q q 0 0 0 rg BT 308.52 356.85 Td (views ) Tj ET Q q 0 0 0 rg BT 329.19 356.85 Td (about ) Tj ET Q q 0 0 0 rg BT 348.96 356.85 Td (key ) Tj ET Q q 0 0 0 rg BT 362.51 356.85 Td (trends ) Tj ET Q q 0 0 0 rg BT 384.06 356.85 Td (which ) Tj ET Q q 0 0 0 rg BT 405.61 356.85 Td (govern ) Tj ET Q q 0 0 0 rg BT 429.83 356.85 Td (future ) Tj ET Q q 0 0 0 rg BT 450.93 356.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 467.14 356.85 Td (flow ) Tj ET Q q 0 0 0 rg BT 483.81 356.85 Td (growth.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 67.18 341.25 Td (method ) Tj ET Q q 0 0 0 rg BT 92.88 341.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 112.35 341.25 Td (above ) Tj ET Q q 0 0 0 rg BT 133.14 341.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 161.95 341.25 Td (a ) Tj ET Q q 0 0 0 rg BT 167.20 341.25 Td (number ) Tj ET Q q 0 0 0 rg BT 193.33 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.69 341.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 237.16 341.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 278.41 341.25 Td (over ) Tj ET Q q 0 0 0 rg BT 294.32 341.25 Td (an ) Tj ET Q q 0 0 0 rg BT 303.57 341.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 334.14 341.25 Td (period ) Tj ET Q q 0 0 0 rg BT 356.28 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.64 341.25 Td (time ) Tj ET Q q 0 0 0 rg BT 380.55 341.25 Td (which ) Tj ET Q q 0 0 0 rg BT 401.80 341.25 Td (could ) Tj ET Q q 0 0 0 rg BT 421.27 341.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 455.39 341.25 Td (change ) Tj ET Q q 0 0 0 rg BT 479.74 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 492.10 341.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 520.46 341.25 Td (as ) Tj ET Q q 0 0 0 rg BT 528.82 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 536.74 341.25 Td (whether ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 331.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 70.52 331.65 Td (are ) Tj ET Q q 0 0 0 rg BT 82.64 331.65 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 115.25 331.65 Td (The ) Tj ET Q q 0 0 0 rg BT 130.04 331.65 Td (most ) Tj ET Q q 0 0 0 rg BT 147.96 331.65 Td (significant ) Tj ET Q q 0 0 0 rg BT 184.08 331.65 Td (of ) Tj ET Q q 0 0 0 rg BT 193.10 331.65 Td (these ) Tj ET Q q 0 0 0 rg BT 211.89 331.65 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 253.80 331.65 Td (include: ) Tj ET Q q 0 0 0 rg BT 281.92 331.65 Td (the ) Tj ET Q q 0 0 0 rg BT 294.05 331.65 Td (discount ) Tj ET Q q 0 0 0 rg BT 323.51 331.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 337.86 331.65 Td (applied, ) Tj ET Q q 0 0 0 rg BT 365.76 331.65 Td (the ) Tj ET Q q 0 0 0 rg BT 377.88 331.65 Td (total ) Tj ET Q q 0 0 0 rg BT 394.46 331.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 432.36 331.65 Td (market ) Tj ET Q q 0 0 0 rg BT 456.92 331.65 Td (size, ) Tj ET Q q 0 0 0 rg BT 473.71 331.65 Td (achievable ) Tj ET Q q 0 0 0 rg BT 510.26 331.65 Td (levels ) Tj ET Q q 0 0 0 rg BT 531.28 331.65 Td (of ) Tj ET Q q 0 0 0 rg BT 540.29 331.65 Td (market ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 322.05 Td (share, ) Tj ET Q q 0 0 0 rg BT 70.38 322.05 Td (forecast ) Tj ET Q q 0 0 0 rg BT 97.70 322.05 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 122.59 322.05 Td ( ) Tj ET Q q 0 0 0 rg BT 124.59 322.05 Td (and ) Tj ET Q q 0 0 0 rg BT 138.14 322.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 161.46 322.05 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 201.22 322.05 Td (and ) Tj ET Q q 0 0 0 rg BT 214.77 322.05 Td (the ) Tj ET Q q 0 0 0 rg BT 226.54 322.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 240.53 322.05 Td (of ) Tj ET Q q 0 0 0 rg BT 249.20 322.05 Td (growth ) Tj ET Q q 0 0 0 rg BT 273.86 322.05 Td (into ) Tj ET Q q 0 0 0 rg BT 288.30 322.05 Td (perpetuity) Tj ET Q q 0 0 0 rg BT 320.22 322.05 Td (, ) Tj ET Q q 0 0 0 rg BT 324.22 322.05 Td (each ) Tj ET Q q 0 0 0 rg BT 340.87 322.05 Td (described ) Tj ET Q q 0 0 0 rg BT 373.52 322.05 Td (in ) Tj ET Q q 0 0 0 rg BT 381.75 322.05 Td (more ) Tj ET Q q 0 0 0 rg BT 400.18 322.05 Td (detail ) Tj ET Q q 0 0 0 rg BT 419.95 322.05 Td (below:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 306.45 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 306.45 Td (Cost ) Tj ET Q q 0 0 0 rg BT 101.98 306.45 Td (of ) Tj ET Q q 0 0 0 rg BT 110.46 306.45 Td (capital: ) Tj ET Q q 0 0 0 rg BT 135.69 306.45 Td (The ) Tj ET Q q 0 0 0 rg BT 149.94 306.45 Td (cost ) Tj ET Q q 0 0 0 rg BT 164.63 306.45 Td (of ) Tj ET Q q 0 0 0 rg BT 173.11 306.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 196.24 306.45 Td (reflects ) Tj ET Q q 0 0 0 rg BT 221.60 306.45 Td (the ) Tj ET Q q 0 0 0 rg BT 233.18 306.45 Td (return ) Tj ET Q q 0 0 0 rg BT 254.10 306.45 Td (a ) Tj ET Q q 0 0 0 rg BT 259.46 306.45 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 300.81 306.45 Td (market ) Tj ET Q q 0 0 0 rg BT 324.84 306.45 Td (participant ) Tj ET Q q 0 0 0 rg BT 360.86 306.45 Td (would ) Tj ET Q q 0 0 0 rg BT 382.67 306.45 Td (require ) Tj ET Q q 0 0 0 rg BT 407.13 306.45 Td (for ) Tj ET Q q 0 0 0 rg BT 418.28 306.45 Td (a ) Tj ET Q q 0 0 0 rg BT 423.64 306.45 Td (long-term ) Tj ET Q q 0 0 0 rg BT 457.00 306.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 493.92 306.45 Td (in ) Tj ET Q q 0 0 0 rg BT 501.95 306.45 Td (an ) Tj ET Q q 0 0 0 rg BT 511.31 306.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 528.68 306.45 Td (and ) Tj ET Q q 0 0 0 rg BT 542.04 306.45 Td (can ) Tj ET Q q 0 0 0 rg BT 554.96 306.45 Td (be ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 296.85 Td (viewed ) Tj ET Q q 0 0 0 rg BT 110.18 296.85 Td (as ) Tj ET Q q 0 0 0 rg BT 118.43 296.85 Td (a ) Tj ET Q q 0 0 0 rg BT 123.56 296.85 Td (proxy ) Tj ET Q q 0 0 0 rg BT 143.80 296.85 Td (for ) Tj ET Q q 0 0 0 rg BT 154.71 296.85 Td (the ) Tj ET Q q 0 0 0 rg BT 166.07 296.85 Td (risk ) Tj ET Q q 0 0 0 rg BT 179.65 296.85 Td (of ) Tj ET Q q 0 0 0 rg BT 187.89 296.85 Td (that ) Tj ET Q q 0 0 0 rg BT 201.47 296.85 Td (asset. ) Tj ET Q q 0 0 0 rg BT 220.49 296.85 Td (W) Tj ET Q q 0 0 0 rg BT 227.40 296.85 Td (e ) Tj ET Q q 0 0 0 rg BT 232.53 296.85 Td (calculate ) Tj ET Q q 0 0 0 rg BT 262.53 296.85 Td (the ) Tj ET Q q 0 0 0 rg BT 273.89 296.85 Td (cost ) Tj ET Q q 0 0 0 rg BT 288.36 296.85 Td (of ) Tj ET Q q 0 0 0 rg BT 296.60 296.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 319.50 296.85 Td (according ) Tj ET Q q 0 0 0 rg BT 352.62 296.85 Td (to ) Tj ET Q q 0 0 0 rg BT 360.43 296.85 Td (the ) Tj ET Q q 0 0 0 rg BT 371.78 296.85 Td (Capital ) Tj ET Q q 0 0 0 rg BT 396.12 296.85 Td (Asset ) Tj ET Q q 0 0 0 rg BT 415.48 296.85 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 440.17 296.85 Td (Model ) Tj ET Q q 0 0 0 rg BT 462.64 296.85 Td (using ) Tj ET Q q 0 0 0 rg BT 481.55 296.85 Td (a ) Tj ET Q q 0 0 0 rg BT 486.68 296.85 Td (number ) Tj ET Q q 0 0 0 rg BT 512.70 296.85 Td (of ) Tj ET Q q 0 0 0 rg BT 520.95 296.85 Td (assumptions, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 97.39 287.25 Td (most ) Tj ET Q q 0 0 0 rg BT 115.07 287.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 150.96 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.75 287.25 Td (which ) Tj ET Q q 0 0 0 rg BT 181.42 287.25 Td (is ) Tj ET Q q 0 0 0 rg BT 188.87 287.25 Td (a ) Tj ET Q q 0 0 0 rg BT 194.54 287.25 Td (Country ) Tj ET Q q 0 0 0 rg BT 222.89 287.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 239.68 287.25 Td (Premium ) Tj ET Q q 0 0 0 rg BT 271.13 287.25 Td (\("CRP"\). ) Tj ET Q q 0 0 0 rg BT 302.08 287.25 Td (The ) Tj ET Q q 0 0 0 rg BT 316.64 287.25 Td (CRP) Tj ET Q q 0 0 0 rg BT 331.46 287.25 Td ( ) Tj ET Q q 0 0 0 rg BT 333.58 287.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 359.24 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.13 287.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 394.13 287.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 408.25 287.25 Td (to ) Tj ET Q q 0 0 0 rg BT 416.59 287.25 Td (an ) Tj ET Q q 0 0 0 rg BT 426.27 287.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 454.16 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.94 287.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 494.40 287.25 Td (in ) Tj ET Q q 0 0 0 rg BT 502.74 287.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 530.18 287.25 Td (other ) Tj ET Q q 0 0 0 rg BT 548.74 287.25 Td (than ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 277.65 Td (the ) Tj ET Q q 0 0 0 rg BT 97.16 277.65 Td (United ) Tj ET Q q 0 0 0 rg BT 120.82 277.65 Td (States ) Tj ET Q q 0 0 0 rg BT 141.82 277.65 Td (and ) Tj ET Q q 0 0 0 rg BT 155.26 277.65 Td (generally ) Tj ET Q q 0 0 0 rg BT 186.91 277.65 Td (fluctuates ) Tj ET Q q 0 0 0 rg BT 219.89 277.65 Td (with ) Tj ET Q q 0 0 0 rg BT 236.00 277.65 Td (expectations ) Tj ET Q q 0 0 0 rg BT 277.88 277.65 Td (of ) Tj ET Q q 0 0 0 rg BT 286.43 277.65 Td (changes ) Tj ET Q q 0 0 0 rg BT 314.08 277.65 Td (in ) Tj ET Q q 0 0 0 rg BT 322.19 277.65 Td (a ) Tj ET Q q 0 0 0 rg BT 327.63 277.65 Td (country's ) Tj ET Q q 0 0 0 rg BT 358.51 277.65 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 414.15 277.65 Td (environment. ) Tj ET Q q 0 0 0 rg BT 458.33 277.65 Td (The ) Tj ET Q q 0 0 0 rg BT 472.66 277.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 490.54 277.65 Td (of ) Tj ET Q q 0 0 0 rg BT 499.10 277.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 522.30 277.65 Td (that ) Tj ET Q q 0 0 0 rg BT 536.19 277.65 Td (we ) Tj ET Q q 0 0 0 rg BT 547.40 277.65 Td (have ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 268.05 Td (applied ) Tj ET Q q 0 0 0 rg BT 110.93 268.05 Td (to ) Tj ET Q q 0 0 0 rg BT 119.04 268.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 135.14 268.05 Td (flows ) Tj ET Q q 0 0 0 rg BT 154.81 268.05 Td (for ) Tj ET Q q 0 0 0 rg BT 166.02 268.05 Td (our ) Tj ET Q q 0 0 0 rg BT 178.57 268.05 Td (2018 ) Tj ET Q q 0 0 0 rg BT 196.46 268.05 Td (annual ) Tj ET Q q 0 0 0 rg BT 219.67 268.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 258.44 268.05 Td (test ) Tj ET Q q 0 0 0 rg BT 271.43 268.05 Td (are ) Tj ET Q q 0 0 0 rg BT 283.09 268.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 314.73 268.05 Td (lower ) Tj ET Q q 0 0 0 rg BT 334.84 268.05 Td (than ) Tj ET Q q 0 0 0 rg BT 350.50 268.05 Td (those ) Tj ET Q q 0 0 0 rg BT 369.27 268.05 Td (we ) Tj ET Q q 0 0 0 rg BT 380.48 268.05 Td (had ) Tj ET Q q 0 0 0 rg BT 393.92 268.05 Td (used ) Tj ET Q q 0 0 0 rg BT 410.47 268.05 Td (in ) Tj ET Q q 0 0 0 rg BT 418.58 268.05 Td (the ) Tj ET Q q 0 0 0 rg BT 430.24 268.05 Td (2017 ) Tj ET Q q 0 0 0 rg BT 448.13 268.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 486.89 268.05 Td (test ) Tj ET Q q 0 0 0 rg BT 499.89 268.05 Td (due ) Tj ET Q q 0 0 0 rg BT 513.33 268.05 Td (to ) Tj ET Q q 0 0 0 rg BT 521.44 268.05 Td (a ) Tj ET Q q 0 0 0 rg BT 526.88 268.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 556.29 268.05 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 258.45 Td (country ) Tj ET Q q 0 0 0 rg BT 111.94 258.45 Td (specific ) Tj ET Q q 0 0 0 rg BT 138.81 258.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 152.81 258.45 Td (factors.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 242.85 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 242.85 Td (T) Tj ET Q q 0 0 0 rg BT 89.83 242.85 Td (otal ) Tj ET Q q 0 0 0 rg BT 104.08 242.85 Td (advertising ) Tj ET Q q 0 0 0 rg BT 141.88 242.85 Td (market: ) Tj ET Q q 0 0 0 rg BT 168.41 242.85 Td (The ) Tj ET Q q 0 0 0 rg BT 183.10 242.85 Td (size ) Tj ET Q q 0 0 0 rg BT 197.79 242.85 Td (of ) Tj ET Q q 0 0 0 rg BT 206.71 242.85 Td (the ) Tj ET Q q 0 0 0 rg BT 218.74 242.85 Td (television ) Tj ET Q q 0 0 0 rg BT 252.10 242.85 Td (advertising ) Tj ET Q q 0 0 0 rg BT 289.90 242.85 Td (market ) Tj ET Q q 0 0 0 rg BT 314.37 242.85 Td (ef) Tj ET Q q 0 0 0 rg BT 320.44 242.85 Td (fectively ) Tj ET Q q 0 0 0 rg BT 350.68 242.85 Td (places ) Tj ET Q q 0 0 0 rg BT 372.92 242.85 Td (an ) Tj ET Q q 0 0 0 rg BT 382.72 242.85 Td (upper ) Tj ET Q q 0 0 0 rg BT 403.19 242.85 Td (limit ) Tj ET Q q 0 0 0 rg BT 420.56 242.85 Td (on ) Tj ET Q q 0 0 0 rg BT 430.82 242.85 Td (the ) Tj ET Q q 0 0 0 rg BT 442.85 242.85 Td (advertising ) Tj ET Q q 0 0 0 rg BT 480.65 242.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 508.22 242.85 Td (we ) Tj ET Q q 0 0 0 rg BT 519.80 242.85 Td (can ) Tj ET Q q 0 0 0 rg BT 533.16 242.85 Td (expect ) Tj ET Q q 0 0 0 rg BT 556.29 242.85 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 233.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 101.52 233.25 Td (in ) Tj ET Q q 0 0 0 rg BT 110.00 233.25 Td (each ) Tj ET Q q 0 0 0 rg BT 126.91 233.25 Td (country) Tj ET Q q 0 0 0 rg BT 150.82 233.25 Td (. ) Tj ET Q q 0 0 0 rg BT 155.08 233.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 169.77 233.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 198.69 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.60 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.63 233.25 Td (total ) Tj ET Q q 0 0 0 rg BT 236.11 233.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 273.91 233.25 Td (market ) Tj ET Q q 0 0 0 rg BT 298.37 233.25 Td (is ) Tj ET Q q 0 0 0 rg BT 305.96 233.25 Td (developed ) Tj ET Q q 0 0 0 rg BT 341.09 233.25 Td (from ) Tj ET Q q 0 0 0 rg BT 358.90 233.25 Td (a ) Tj ET Q q 0 0 0 rg BT 364.71 233.25 Td (number ) Tj ET Q q 0 0 0 rg BT 391.40 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.32 233.25 Td (external ) Tj ET Q q 0 0 0 rg BT 428.33 233.25 Td (sources, ) Tj ET Q q 0 0 0 rg BT 456.58 233.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.06 233.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 507.31 233.25 Td (with ) Tj ET Q q 0 0 0 rg BT 523.78 233.25 Td (a ) Tj ET Q q 0 0 0 rg BT 529.59 233.25 Td (process ) Tj ET Q q 0 0 0 rg BT 555.84 233.25 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 223.65 Td (on-going ) Tj ET Q q 0 0 0 rg BT 116.49 223.65 Td (consultation ) Tj ET Q q 0 0 0 rg BT 157.69 223.65 Td (with ) Tj ET Q q 0 0 0 rg BT 174.01 223.65 Td (our ) Tj ET Q q 0 0 0 rg BT 186.77 223.65 Td (segment ) Tj ET Q q 0 0 0 rg BT 215.53 223.65 Td (management ) Tj ET Q q 0 0 0 rg BT 258.50 223.65 Td (teams. ) Tj ET Q q 0 0 0 rg BT 281.26 223.65 Td (In ) Tj ET Q q 0 0 0 rg BT 290.02 223.65 Td (our ) Tj ET Q q 0 0 0 rg BT 302.79 223.65 Td (2018 ) Tj ET Q q 0 0 0 rg BT 320.88 223.65 Td (annual ) Tj ET Q q 0 0 0 rg BT 344.31 223.65 Td (impairment ) Tj ET Q q 0 0 0 rg BT 383.29 223.65 Td (review) Tj ET Q q 0 0 0 rg BT 404.53 223.65 Td (, ) Tj ET Q q 0 0 0 rg BT 408.63 223.65 Td (we ) Tj ET Q q 0 0 0 rg BT 420.06 223.65 Td (increased ) Tj ET Q q 0 0 0 rg BT 452.36 223.65 Td (or ) Tj ET Q q 0 0 0 rg BT 461.12 223.65 Td (slightly ) Tj ET Q q 0 0 0 rg BT 487.22 223.65 Td (decreased ) Tj ET Q q 0 0 0 rg BT 520.85 223.65 Td (our ) Tj ET Q q 0 0 0 rg BT 533.62 223.65 Td (medium- ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 214.05 Td (and ) Tj ET Q q 0 0 0 rg BT 99.04 214.05 Td (long-term ) Tj ET Q q 0 0 0 rg BT 132.58 214.05 Td (view ) Tj ET Q q 0 0 0 rg BT 150.12 214.05 Td (of ) Tj ET Q q 0 0 0 rg BT 158.78 214.05 Td (the ) Tj ET Q q 0 0 0 rg BT 170.54 214.05 Td (size ) Tj ET Q q 0 0 0 rg BT 184.97 214.05 Td (of ) Tj ET Q q 0 0 0 rg BT 193.63 214.05 Td (our ) Tj ET Q q 0 0 0 rg BT 206.28 214.05 Td (individual ) Tj ET Q q 0 0 0 rg BT 240.71 214.05 Td (television ) Tj ET Q q 0 0 0 rg BT 273.81 214.05 Td (advertising ) Tj ET Q q 0 0 0 rg BT 311.35 214.05 Td (markets ) Tj ET Q q 0 0 0 rg BT 338.66 214.05 Td (compared ) Tj ET Q q 0 0 0 rg BT 372.19 214.05 Td (to ) Tj ET Q q 0 0 0 rg BT 380.41 214.05 Td (the ) Tj ET Q q 0 0 0 rg BT 392.17 214.05 Td (estimates ) Tj ET Q q 0 0 0 rg BT 423.93 214.05 Td (used ) Tj ET Q q 0 0 0 rg BT 440.59 214.05 Td (in ) Tj ET Q q 0 0 0 rg BT 448.80 214.05 Td (the ) Tj ET Q q 0 0 0 rg BT 460.57 214.05 Td (2017 ) Tj ET Q q 0 0 0 rg BT 478.56 214.05 Td (annual ) Tj ET Q q 0 0 0 rg BT 501.87 214.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 540.74 214.05 Td (review ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 204.45 Td (based ) Tj ET Q q 0 0 0 rg BT 105.71 204.45 Td (on ) Tj ET Q q 0 0 0 rg BT 115.71 204.45 Td (our ) Tj ET Q q 0 0 0 rg BT 128.38 204.45 Td (estimate ) Tj ET Q q 0 0 0 rg BT 157.04 204.45 Td (of ) Tj ET Q q 0 0 0 rg BT 165.70 204.45 Td (the ) Tj ET Q q 0 0 0 rg BT 177.47 204.45 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 233.22 204.45 Td (outlook ) Tj ET Q q 0 0 0 rg BT 259.67 204.45 Td (of ) Tj ET Q q 0 0 0 rg BT 268.33 204.45 Td (each ) Tj ET Q q 0 0 0 rg BT 284.98 204.45 Td (of ) Tj ET Q q 0 0 0 rg BT 293.65 204.45 Td (our ) Tj ET Q q 0 0 0 rg BT 306.31 204.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 338.52 204.45 Td (markets.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 188.85 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 188.85 Td (Market ) Tj ET Q q 0 0 0 rg BT 110.70 188.85 Td (share: ) Tj ET Q q 0 0 0 rg BT 131.76 188.85 Td (This ) Tj ET Q q 0 0 0 rg BT 148.08 188.85 Td (is ) Tj ET Q q 0 0 0 rg BT 155.52 188.85 Td (a ) Tj ET Q q 0 0 0 rg BT 161.17 188.85 Td (function ) Tj ET Q q 0 0 0 rg BT 189.94 188.85 Td (of ) Tj ET Q q 0 0 0 rg BT 198.70 188.85 Td (the ) Tj ET Q q 0 0 0 rg BT 210.58 188.85 Td (audience ) Tj ET Q q 0 0 0 rg BT 241.11 188.85 Td (share ) Tj ET Q q 0 0 0 rg BT 260.09 188.85 Td (we ) Tj ET Q q 0 0 0 rg BT 271.52 188.85 Td (expect ) Tj ET Q q 0 0 0 rg BT 294.50 188.85 Td (our ) Tj ET Q q 0 0 0 rg BT 307.26 188.85 Td (stations ) Tj ET Q q 0 0 0 rg BT 333.81 188.85 Td (to ) Tj ET Q q 0 0 0 rg BT 342.14 188.85 Td (generate, ) Tj ET Q q 0 0 0 rg BT 373.33 188.85 Td (and ) Tj ET Q q 0 0 0 rg BT 386.98 188.85 Td (the ) Tj ET Q q 0 0 0 rg BT 398.86 188.85 Td (relative ) Tj ET Q q 0 0 0 rg BT 424.94 188.85 Td (price ) Tj ET Q q 0 0 0 rg BT 443.04 188.85 Td (at ) Tj ET Q q 0 0 0 rg BT 450.91 188.85 Td (which ) Tj ET Q q 0 0 0 rg BT 472.56 188.85 Td (we ) Tj ET Q q 0 0 0 rg BT 484.00 188.85 Td (can ) Tj ET Q q 0 0 0 rg BT 497.20 188.85 Td (sell ) Tj ET Q q 0 0 0 rg BT 510.41 188.85 Td (advertising. ) Tj ET Q q 0 0 0 rg BT 550.06 188.85 Td (Our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 179.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 114.20 179.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.90 179.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.72 179.25 Td (total ) Tj ET Q q 0 0 0 rg BT 150.98 179.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 188.56 179.25 Td (market ) Tj ET Q q 0 0 0 rg BT 212.82 179.25 Td (is ) Tj ET Q q 0 0 0 rg BT 220.19 179.25 Td (developed ) Tj ET Q q 0 0 0 rg BT 255.11 179.25 Td (from ) Tj ET Q q 0 0 0 rg BT 272.70 179.25 Td (a ) Tj ET Q q 0 0 0 rg BT 278.29 179.25 Td (number ) Tj ET Q q 0 0 0 rg BT 304.77 179.25 Td (of ) Tj ET Q q 0 0 0 rg BT 313.48 179.25 Td (external ) Tj ET Q q 0 0 0 rg BT 341.28 179.25 Td (sources, ) Tj ET Q q 0 0 0 rg BT 369.31 179.25 Td (in ) Tj ET Q q 0 0 0 rg BT 377.58 179.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 419.61 179.25 Td (with ) Tj ET Q q 0 0 0 rg BT 435.87 179.25 Td (a ) Tj ET Q q 0 0 0 rg BT 441.46 179.25 Td (process ) Tj ET Q q 0 0 0 rg BT 467.50 179.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.20 179.25 Td (on-going ) Tj ET Q q 0 0 0 rg BT 507.13 179.25 Td (consultation ) Tj ET Q q 0 0 0 rg BT 548.28 179.25 Td (with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 169.65 Td (our ) Tj ET Q q 0 0 0 rg BT 97.90 169.65 Td (segment ) Tj ET Q q 0 0 0 rg BT 126.30 169.65 Td (management ) Tj ET Q q 0 0 0 rg BT 168.91 169.65 Td (teams. ) Tj ET Q q 0 0 0 rg BT 191.31 169.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 205.49 169.65 Td (estimates ) Tj ET Q q 0 0 0 rg BT 237.00 169.65 Td (for ) Tj ET Q q 0 0 0 rg BT 248.06 169.65 Td (our ) Tj ET Q q 0 0 0 rg BT 260.46 169.65 Td (market ) Tj ET Q q 0 0 0 rg BT 284.41 169.65 Td (share ) Tj ET Q q 0 0 0 rg BT 303.03 169.65 Td (in ) Tj ET Q q 0 0 0 rg BT 310.99 169.65 Td (our ) Tj ET Q q 0 0 0 rg BT 323.39 169.65 Td (2018 ) Tj ET Q q 0 0 0 rg BT 341.13 169.65 Td (annual ) Tj ET Q q 0 0 0 rg BT 364.20 169.65 Td (impairment ) Tj ET Q q 0 0 0 rg BT 402.81 169.65 Td (review ) Tj ET Q q 0 0 0 rg BT 426.32 169.65 Td (remained ) Tj ET Q q 0 0 0 rg BT 457.82 169.65 Td (consistent ) Tj ET Q q 0 0 0 rg BT 491.55 169.65 Td (with ) Tj ET Q q 0 0 0 rg BT 507.51 169.65 Td (those ) Tj ET Q q 0 0 0 rg BT 526.14 169.65 Td (in ) Tj ET Q q 0 0 0 rg BT 534.10 169.65 Td (our ) Tj ET Q q 0 0 0 rg BT 546.50 169.65 Td (2017 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 160.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 124.38 160.05 Td (review) Tj ET Q q 0 0 0 rg BT 145.63 160.05 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 144.45 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 144.45 Td (Forecast ) Tj ET Q q 0 0 0 rg BT 114.17 144.45 Td (OIBDA: ) Tj ET Q q 0 0 0 rg BT 143.17 144.45 Td (The ) Tj ET Q q 0 0 0 rg BT 157.17 144.45 Td (level ) Tj ET Q q 0 0 0 rg BT 174.28 144.45 Td (of ) Tj ET Q q 0 0 0 rg BT 182.51 144.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.29 144.45 Td (flow ) Tj ET Q q 0 0 0 rg BT 214.52 144.45 Td (generated ) Tj ET Q q 0 0 0 rg BT 247.17 144.45 Td (by ) Tj ET Q q 0 0 0 rg BT 256.73 144.45 Td (each ) Tj ET Q q 0 0 0 rg BT 272.95 144.45 Td (operation ) Tj ET Q q 0 0 0 rg BT 304.72 144.45 Td (is ) Tj ET Q q 0 0 0 rg BT 311.62 144.45 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 345.62 144.45 Td (governed ) Tj ET Q q 0 0 0 rg BT 376.95 144.45 Td (by ) Tj ET Q q 0 0 0 rg BT 386.52 144.45 Td (the ) Tj ET Q q 0 0 0 rg BT 397.85 144.45 Td (extent ) Tj ET Q q 0 0 0 rg BT 418.96 144.45 Td (to ) Tj ET Q q 0 0 0 rg BT 426.75 144.45 Td (which ) Tj ET Q q 0 0 0 rg BT 447.86 144.45 Td (we ) Tj ET Q q 0 0 0 rg BT 458.75 144.45 Td (manage ) Tj ET Q q 0 0 0 rg BT 485.19 144.45 Td (the ) Tj ET Q q 0 0 0 rg BT 496.53 144.45 Td (relationship ) Tj ET Q q 0 0 0 rg BT 535.86 144.45 Td (between ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 134.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 116.01 134.85 Td (and ) Tj ET Q q 0 0 0 rg BT 129.64 134.85 Td (costs. ) Tj ET Q q 0 0 0 rg BT 149.57 134.85 Td (W) Tj ET Q q 0 0 0 rg BT 156.48 134.85 Td (e ) Tj ET Q q 0 0 0 rg BT 162.11 134.85 Td (forecast ) Tj ET Q q 0 0 0 rg BT 189.50 134.85 Td (the ) Tj ET Q q 0 0 0 rg BT 201.36 134.85 Td (level ) Tj ET Q q 0 0 0 rg BT 218.98 134.85 Td (of ) Tj ET Q q 0 0 0 rg BT 227.72 134.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 260.01 134.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 278.09 134.85 Td (by ) Tj ET Q q 0 0 0 rg BT 288.17 134.85 Td (reference ) Tj ET Q q 0 0 0 rg BT 320.00 134.85 Td (to ) Tj ET Q q 0 0 0 rg BT 328.30 134.85 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 339.26 134.85 Td (the ) Tj ET Q q 0 0 0 rg BT 351.11 134.85 Td (historical ) Tj ET Q q 0 0 0 rg BT 382.96 134.85 Td (absolute ) Tj ET Q q 0 0 0 rg BT 411.70 134.85 Td (and ) Tj ET Q q 0 0 0 rg BT 425.33 134.85 Td (relative ) Tj ET Q q 0 0 0 rg BT 451.39 134.85 Td (levels ) Tj ET Q q 0 0 0 rg BT 472.13 134.85 Td (of ) Tj ET Q q 0 0 0 rg BT 480.87 134.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 498.95 134.85 Td (we ) Tj ET Q q 0 0 0 rg BT 510.36 134.85 Td (have ) Tj ET Q q 0 0 0 rg BT 527.54 134.85 Td (incurred ) Tj ET Q q 0 0 0 rg BT 556.27 134.85 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 125.25 Td (generating ) Tj ET Q q 0 0 0 rg BT 120.59 125.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 147.23 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 154.78 125.25 Td (each ) Tj ET Q q 0 0 0 rg BT 170.76 125.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 201.41 125.25 Td (unit, ) Tj ET Q q 0 0 0 rg BT 217.19 125.25 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 227.84 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.94 125.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 270.48 125.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 297.13 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.12 125.25 Td (each ) Tj ET Q q 0 0 0 rg BT 321.10 125.25 Td (business ) Tj ET Q q 0 0 0 rg BT 349.54 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 362.42 125.25 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 372.63 125.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 398.83 125.25 Td (forecast ) Tj ET Q q 0 0 0 rg BT 425.47 125.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 442.80 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 450.35 125.25 Td (be ) Tj ET Q q 0 0 0 rg BT 459.23 125.25 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 489.21 125.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 502.97 125.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 525.63 125.25 Td (impairment ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 115.65 Td (review ) Tj ET Q q 0 0 0 rg BT 109.27 115.65 Td (includes ) Tj ET Q q 0 0 0 rg BT 137.93 115.65 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 179.48 115.65 Td (to ) Tj ET Q q 0 0 0 rg BT 187.71 115.65 Td (reflect ) Tj ET Q q 0 0 0 rg BT 210.13 115.65 Td (benefits ) Tj ET Q q 0 0 0 rg BT 237.46 115.65 Td (of ) Tj ET Q q 0 0 0 rg BT 246.12 115.65 Td (cost ) Tj ET Q q 0 0 0 rg BT 261.01 115.65 Td (control ) Tj ET Q q 0 0 0 rg BT 285.67 115.65 Td (measures ) Tj ET Q q 0 0 0 rg BT 317.43 115.65 Td (taken ) Tj ET Q q 0 0 0 rg BT 336.76 115.65 Td (to ) Tj ET Q q 0 0 0 rg BT 344.98 115.65 Td (date, ) Tj ET Q q 0 0 0 rg BT 362.30 115.65 Td (and ) Tj ET Q q 0 0 0 rg BT 375.86 115.65 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 412.95 115.65 Td (future ) Tj ET Q q 0 0 0 rg BT 434.05 115.65 Td (cost ) Tj ET Q q 0 0 0 rg BT 448.94 115.65 Td (control ) Tj ET Q q 0 0 0 rg BT 473.60 115.65 Td (ef) Tj ET Q q 0 0 0 rg BT 479.67 115.65 Td (forts.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 100.05 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 100.05 Td (Forecast ) Tj ET Q q 0 0 0 rg BT 114.61 100.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 137.94 100.05 Td (expenditure: ) Tj ET Q q 0 0 0 rg BT 179.79 100.05 Td (The ) Tj ET Q q 0 0 0 rg BT 194.24 100.05 Td (size ) Tj ET Q q 0 0 0 rg BT 208.69 100.05 Td (and ) Tj ET Q q 0 0 0 rg BT 222.25 100.05 Td (phasing ) Tj ET Q q 0 0 0 rg BT 249.15 100.05 Td (of ) Tj ET Q q 0 0 0 rg BT 257.82 100.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 281.15 100.05 Td (expenditure, ) Tj ET Q q 0 0 0 rg BT 322.93 100.05 Td (both ) Tj ET Q q 0 0 0 rg BT 339.16 100.05 Td (recurring ) Tj ET Q q 0 0 0 rg BT 370.49 100.05 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 410.26 100.05 Td (to ) Tj ET Q q 0 0 0 rg BT 418.49 100.05 Td (replace ) Tj ET Q q 0 0 0 rg BT 443.59 100.05 Td (retired ) Tj ET Q q 0 0 0 rg BT 466.48 100.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 487.15 100.05 Td (and ) Tj ET Q q 0 0 0 rg BT 500.72 100.05 Td (investments ) Tj ET Q q 0 0 0 rg BT 540.95 100.05 Td (in ) Tj ET Q q 0 0 0 rg BT 549.18 100.05 Td (new ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 90.45 Td (projects, ) Tj ET Q q 0 0 0 rg BT 115.16 90.45 Td (has ) Tj ET Q q 0 0 0 rg BT 128.16 90.45 Td (a ) Tj ET Q q 0 0 0 rg BT 134.04 90.45 Td (significant ) Tj ET Q q 0 0 0 rg BT 170.14 90.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 194.25 90.45 Td (on ) Tj ET Q q 0 0 0 rg BT 204.58 90.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 221.13 90.45 Td (flows. ) Tj ET Q q 0 0 0 rg BT 243.07 90.45 Td (W) Tj ET Q q 0 0 0 rg BT 249.98 90.45 Td (e ) Tj ET Q q 0 0 0 rg BT 255.87 90.45 Td (forecast ) Tj ET Q q 0 0 0 rg BT 283.52 90.45 Td (the ) Tj ET Q q 0 0 0 rg BT 295.63 90.45 Td (level ) Tj ET Q q 0 0 0 rg BT 313.51 90.45 Td (of ) Tj ET Q q 0 0 0 rg BT 322.51 90.45 Td (future ) Tj ET Q q 0 0 0 rg BT 343.94 90.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 367.60 90.45 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 407.69 90.45 Td (based ) Tj ET Q q 0 0 0 rg BT 428.24 90.45 Td (on ) Tj ET Q q 0 0 0 rg BT 438.57 90.45 Td (current ) Tj ET Q q 0 0 0 rg BT 463.56 90.45 Td (strategies ) Tj ET Q q 0 0 0 rg BT 496.10 90.45 Td (and ) Tj ET Q q 0 0 0 rg BT 509.99 90.45 Td (specific ) Tj ET Q q 0 0 0 rg BT 537.20 90.45 Td (forecast ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 80.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 104.36 80.85 Td (to ) Tj ET Q q 0 0 0 rg BT 113.45 80.85 Td (be ) Tj ET Q q 0 0 0 rg BT 123.86 80.85 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 155.17 80.85 Td (The ) Tj ET Q q 0 0 0 rg BT 170.47 80.85 Td (absolute ) Tj ET Q q 0 0 0 rg BT 199.99 80.85 Td (levels ) Tj ET Q q 0 0 0 rg BT 221.51 80.85 Td (of ) Tj ET Q q 0 0 0 rg BT 231.04 80.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 255.22 80.85 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 295.85 80.85 Td (forecast ) Tj ET Q q 0 0 0 rg BT 324.02 80.85 Td (for ) Tj ET Q q 0 0 0 rg BT 336.21 80.85 Td (our ) Tj ET Q q 0 0 0 rg BT 349.74 80.85 Td (segments ) Tj ET Q q 0 0 0 rg BT 382.38 80.85 Td (have ) Tj ET Q q 0 0 0 rg BT 400.34 80.85 Td (either ) Tj ET Q q 0 0 0 rg BT 421.41 80.85 Td (increased ) Tj ET Q q 0 0 0 rg BT 454.48 80.85 Td (or ) Tj ET Q q 0 0 0 rg BT 464.01 80.85 Td (decreased ) Tj ET Q q 0 0 0 rg BT 498.40 80.85 Td (since ) Tj ET Q q 0 0 0 rg BT 517.70 80.85 Td (the ) Tj ET Q q 0 0 0 rg BT 530.33 80.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 548.75 80.85 Td (year ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 71.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 124.38 71.25 Td (review ) Tj ET Q q 0 0 0 rg BT 148.14 71.25 Td (due ) Tj ET Q q 0 0 0 rg BT 161.70 71.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.92 71.25 Td (shifting ) Tj ET Q q 0 0 0 rg BT 196.36 71.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 228.57 71.25 Td (for ) Tj ET Q q 0 0 0 rg BT 239.90 71.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.68 71.25 Td (replacement ) Tj ET Q q 0 0 0 rg BT 292.76 71.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.43 71.25 Td (end ) Tj ET Q q 0 0 0 rg BT 314.98 71.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.64 71.25 Td (life ) Tj ET Q q 0 0 0 rg BT 336.30 71.25 Td (production ) Tj ET Q q 0 0 0 rg BT 372.96 71.25 Td (equipment.) Tj ET Q endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 723.50 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 723.50 Td (Growth ) Tj ET Q q 0 0 0 rg BT 112.06 723.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 126.16 723.50 Td (into ) Tj ET Q q 0 0 0 rg BT 140.72 723.50 Td (perpetuity: ) Tj ET Q q 0 0 0 rg BT 177.34 723.50 Td (This ) Tj ET Q q 0 0 0 rg BT 193.68 723.50 Td (reflects ) Tj ET Q q 0 0 0 rg BT 219.33 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 231.22 723.50 Td (level ) Tj ET Q q 0 0 0 rg BT 248.88 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 257.66 723.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 290.87 723.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 315.65 723.50 Td (in ) Tj ET Q q 0 0 0 rg BT 323.99 723.50 Td (each ) Tj ET Q q 0 0 0 rg BT 340.76 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 349.54 723.50 Td (our ) Tj ET Q q 0 0 0 rg BT 362.32 723.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 389.76 723.50 Td (from ) Tj ET Q q 0 0 0 rg BT 407.42 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 419.31 723.50 Td (final ) Tj ET Q q 0 0 0 rg BT 436.09 723.50 Td (year ) Tj ET Q q 0 0 0 rg BT 451.97 723.50 Td (in ) Tj ET Q q 0 0 0 rg BT 460.31 723.50 Td (our ) Tj ET Q q 0 0 0 rg BT 473.09 723.50 Td (discrete ) Tj ET Q q 0 0 0 rg BT 500.08 723.50 Td (forecast ) Tj ET Q q 0 0 0 rg BT 527.51 723.50 Td (period ) Tj ET Q q 0 0 0 rg BT 550.06 723.50 Td (into ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 713.90 Td (perpetuity ) Tj ET Q q 0 0 0 rg BT 119.43 713.90 Td (and ) Tj ET Q q 0 0 0 rg BT 132.48 713.90 Td (is ) Tj ET Q q 0 0 0 rg BT 139.31 713.90 Td (the ) Tj ET Q q 0 0 0 rg BT 150.58 713.90 Td (sum ) Tj ET Q q 0 0 0 rg BT 165.42 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 173.58 713.90 Td (an ) Tj ET Q q 0 0 0 rg BT 182.62 713.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 214.78 713.90 Td (real ) Tj ET Q q 0 0 0 rg BT 228.26 713.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 252.42 713.90 Td (rate, ) Tj ET Q q 0 0 0 rg BT 267.91 713.90 Td (which ) Tj ET Q q 0 0 0 rg BT 288.96 713.90 Td (reflects ) Tj ET Q q 0 0 0 rg BT 313.99 713.90 Td (our ) Tj ET Q q 0 0 0 rg BT 326.15 713.90 Td (belief ) Tj ET Q q 0 0 0 rg BT 345.86 713.90 Td (that ) Tj ET Q q 0 0 0 rg BT 359.36 713.90 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 414.60 713.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 438.76 713.90 Td (in ) Tj ET Q q 0 0 0 rg BT 446.48 713.90 Td (our ) Tj ET Q q 0 0 0 rg BT 458.64 713.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 485.47 713.90 Td (will ) Tj ET Q q 0 0 0 rg BT 499.41 713.90 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 533.34 713.90 Td (conver) Tj ET Q q 0 0 0 rg BT 554.96 713.90 Td (ge ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 704.30 Td (to ) Tj ET Q q 0 0 0 rg BT 93.56 704.30 Td (W) Tj ET Q q 0 0 0 rg BT 100.47 704.30 Td (estern ) Tj ET Q q 0 0 0 rg BT 121.55 704.30 Td (European ) Tj ET Q q 0 0 0 rg BT 154.18 704.30 Td (markets, ) Tj ET Q q 0 0 0 rg BT 183.48 704.30 Td (and ) Tj ET Q q 0 0 0 rg BT 197.01 704.30 Td (long-term ) Tj ET Q q 0 0 0 rg BT 230.53 704.30 Td (expectations ) Tj ET Q q 0 0 0 rg BT 272.49 704.30 Td (for ) Tj ET Q q 0 0 0 rg BT 283.80 704.30 Td (inflation. ) Tj ET Q q 0 0 0 rg BT 314.88 704.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 329.30 704.30 Td (estimates ) Tj ET Q q 0 0 0 rg BT 361.05 704.30 Td (of ) Tj ET Q q 0 0 0 rg BT 369.69 704.30 Td (these ) Tj ET Q q 0 0 0 rg BT 388.10 704.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 405.18 704.30 Td (are ) Tj ET Q q 0 0 0 rg BT 416.93 704.30 Td (based ) Tj ET Q q 0 0 0 rg BT 437.12 704.30 Td (on ) Tj ET Q q 0 0 0 rg BT 447.10 704.30 Td (observable ) Tj ET Q q 0 0 0 rg BT 483.73 704.30 Td (market ) Tj ET Q q 0 0 0 rg BT 507.91 704.30 Td (data ) Tj ET Q q 0 0 0 rg BT 523.22 704.30 Td (and, ) Tj ET Q q 0 0 0 rg BT 538.74 704.30 Td (in ) Tj ET Q q 0 0 0 rg BT 546.94 704.30 Td (most ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 694.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 117.71 694.70 Td (countries, ) Tj ET Q q 0 0 0 rg BT 151.04 694.70 Td (have ) Tj ET Q q 0 0 0 rg BT 168.14 694.70 Td (slightly ) Tj ET Q q 0 0 0 rg BT 194.14 694.70 Td (decreased ) Tj ET Q q 0 0 0 rg BT 227.67 694.70 Td (since ) Tj ET Q q 0 0 0 rg BT 246.11 694.70 Td (the ) Tj ET Q q 0 0 0 rg BT 257.88 694.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 275.43 694.70 Td (year ) Tj ET Q q 0 0 0 rg BT 291.20 694.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 330.08 694.70 Td (review ) Tj ET Q q 0 0 0 rg BT 353.84 694.70 Td (due ) Tj ET Q q 0 0 0 rg BT 367.39 694.70 Td (to ) Tj ET Q q 0 0 0 rg BT 375.62 694.70 Td (stabilizing ) Tj ET Q q 0 0 0 rg BT 410.95 694.70 Td (economic ) Tj ET Q q 0 0 0 rg BT 444.04 694.70 Td (outlooks. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 679.10 Td (Assessing ) Tj ET Q q 0 0 0 rg BT 84.10 679.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 115.14 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.28 679.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 181.19 679.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 215.78 679.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 237.04 679.10 Td (for ) Tj ET Q q 0 0 0 rg BT 248.96 679.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 288.43 679.10 Td (is ) Tj ET Q q 0 0 0 rg BT 296.36 679.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.50 679.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 332.64 679.10 Td (process ) Tj ET Q q 0 0 0 rg BT 359.23 679.10 Td (that ) Tj ET Q q 0 0 0 rg BT 373.82 679.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 402.18 679.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 438.54 679.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 471.36 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.50 679.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 515.20 679.10 Td (a ) Tj ET Q q 0 0 0 rg BT 521.35 679.10 Td (great ) Tj ET Q q 0 0 0 rg BT 539.93 679.10 Td (deal ) Tj ET Q q 0 0 0 rg BT 555.85 679.10 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 669.50 Td (detailed ) Tj ET Q q 0 0 0 rg BT 76.57 669.50 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 116.09 669.50 Td (and ) Tj ET Q q 0 0 0 rg BT 129.39 669.50 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 164.91 669.50 Td (business-specific ) Tj ET Q q 0 0 0 rg BT 221.31 669.50 Td (analysis ) Tj ET Q q 0 0 0 rg BT 248.84 669.50 Td (and ) Tj ET Q q 0 0 0 rg BT 262.14 669.50 Td (many ) Tj ET Q q 0 0 0 rg BT 281.67 669.50 Td (individual ) Tj ET Q q 0 0 0 rg BT 315.86 669.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 357.17 669.50 Td (which ) Tj ET Q q 0 0 0 rg BT 378.47 669.50 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 408.21 669.50 Td (with ) Tj ET Q q 0 0 0 rg BT 424.19 669.50 Td (the ) Tj ET Q q 0 0 0 rg BT 435.71 669.50 Td (passage ) Tj ET Q q 0 0 0 rg BT 462.34 669.50 Td (of ) Tj ET Q q 0 0 0 rg BT 470.76 669.50 Td (time. ) Tj ET Q q 0 0 0 rg BT 488.60 669.50 Td (W) Tj ET Q q 0 0 0 rg BT 495.51 669.50 Td (e ) Tj ET Q q 0 0 0 rg BT 500.81 669.50 Td (have ) Tj ET Q q 0 0 0 rg BT 517.67 669.50 Td (observed ) Tj ET Q q 0 0 0 rg BT 548.30 669.50 Td (over ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 659.90 Td (many ) Tj ET Q q 0 0 0 rg BT 69.32 659.90 Td (years ) Tj ET Q q 0 0 0 rg BT 88.24 659.90 Td (a ) Tj ET Q q 0 0 0 rg BT 93.83 659.90 Td (strong ) Tj ET Q q 0 0 0 rg BT 115.87 659.90 Td (positive ) Tj ET Q q 0 0 0 rg BT 143.25 659.90 Td (correlation ) Tj ET Q q 0 0 0 rg BT 179.94 659.90 Td (between ) Tj ET Q q 0 0 0 rg BT 208.63 659.90 Td (the ) Tj ET Q q 0 0 0 rg BT 220.45 659.90 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 276.24 659.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 318.70 659.90 Td (of ) Tj ET Q q 0 0 0 rg BT 327.40 659.90 Td (our ) Tj ET Q q 0 0 0 rg BT 340.11 659.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 367.48 659.90 Td (and ) Tj ET Q q 0 0 0 rg BT 381.07 659.90 Td (the ) Tj ET Q q 0 0 0 rg BT 392.88 659.90 Td (size ) Tj ET Q q 0 0 0 rg BT 407.36 659.90 Td (of ) Tj ET Q q 0 0 0 rg BT 416.07 659.90 Td (the ) Tj ET Q q 0 0 0 rg BT 427.88 659.90 Td (television ) Tj ET Q q 0 0 0 rg BT 461.03 659.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 498.62 659.90 Td (market ) Tj ET Q q 0 0 0 rg BT 522.87 659.90 Td (and ) Tj ET Q q 0 0 0 rg BT 536.47 659.90 Td (the ) Tj ET Q q 0 0 0 rg BT 548.28 659.90 Td (cash ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 650.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 69.97 650.30 Td (we ) Tj ET Q q 0 0 0 rg BT 81.99 650.30 Td (generate. ) Tj ET Q q 0 0 0 rg BT 113.57 650.30 Td (W) Tj ET Q q 0 0 0 rg BT 120.80 650.30 Td (ith ) Tj ET Q q 0 0 0 rg BT 131.94 650.30 Td (this ) Tj ET Q q 0 0 0 rg BT 146.19 650.30 Td (in ) Tj ET Q q 0 0 0 rg BT 155.10 650.30 Td (mind, ) Tj ET Q q 0 0 0 rg BT 176.24 650.30 Td (we ) Tj ET Q q 0 0 0 rg BT 188.25 650.30 Td (have ) Tj ET Q q 0 0 0 rg BT 206.05 650.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 243.39 650.30 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 299.83 650.30 Td (trends ) Tj ET Q q 0 0 0 rg BT 322.07 650.30 Td (in ) Tj ET Q q 0 0 0 rg BT 330.98 650.30 Td (determining ) Tj ET Q q 0 0 0 rg BT 372.33 650.30 Td (our ) Tj ET Q q 0 0 0 rg BT 385.69 650.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 402.59 650.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 419.95 650.30 Td (forecasts. ) Tj ET Q q 0 0 0 rg BT 453.07 650.30 Td (If ) Tj ET Q q 0 0 0 rg BT 461.08 650.30 Td (our ) Tj ET Q q 0 0 0 rg BT 474.44 650.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 491.34 650.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 508.70 650.30 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 539.82 650.30 Td (for ) Tj ET Q q 0 0 0 rg BT 551.84 650.30 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 640.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 84.82 640.70 Td (deteriorate, ) Tj ET Q q 0 0 0 rg BT 123.02 640.70 Td (or ) Tj ET Q q 0 0 0 rg BT 131.69 640.70 Td (if ) Tj ET Q q 0 0 0 rg BT 138.57 640.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 156.57 640.70 Td (of ) Tj ET Q q 0 0 0 rg BT 165.24 640.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 188.56 640.70 Td (increase, ) Tj ET Q q 0 0 0 rg BT 218.76 640.70 Td (we ) Tj ET Q q 0 0 0 rg BT 230.09 640.70 Td (may ) Tj ET Q q 0 0 0 rg BT 245.86 640.70 Td (be ) Tj ET Q q 0 0 0 rg BT 255.41 640.70 Td (required ) Tj ET Q q 0 0 0 rg BT 284.07 640.70 Td (to ) Tj ET Q q 0 0 0 rg BT 292.29 640.70 Td (recognize ) Tj ET Q q 0 0 0 rg BT 325.38 640.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 364.26 640.70 Td (char) Tj ET Q q 0 0 0 rg BT 377.88 640.70 Td (ges ) Tj ET Q q 0 0 0 rg BT 390.54 640.70 Td (in ) Tj ET Q q 0 0 0 rg BT 398.77 640.70 Td (later ) Tj ET Q q 0 0 0 rg BT 414.98 640.70 Td (periods.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 625.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 69.37 625.10 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 106.12 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.88 625.10 Td (our ) Tj ET Q q 0 0 0 rg BT 127.63 625.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 145.72 625.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 169.14 625.10 Td (review) Tj ET Q q 0 0 0 rg BT 190.39 625.10 Td (, ) Tj ET Q q 0 0 0 rg BT 194.48 625.10 Td (we ) Tj ET Q q 0 0 0 rg BT 205.90 625.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 243.97 625.10 Td (that ) Tj ET Q q 0 0 0 rg BT 258.06 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.93 625.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 283.12 625.10 Td (values ) Tj ET Q q 0 0 0 rg BT 305.65 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.41 625.10 Td (our ) Tj ET Q q 0 0 0 rg BT 327.16 625.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 358.58 625.10 Td (units ) Tj ET Q q 0 0 0 rg BT 376.23 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.87 625.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 441.28 625.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 475.36 625.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 496.12 625.10 Td (were ) Tj ET Q q 0 0 0 rg BT 513.75 625.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 556.29 625.10 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 615.50 Td (excess ) Tj ET Q q 0 0 0 rg BT 72.33 615.50 Td (of ) Tj ET Q q 0 0 0 rg BT 80.95 615.50 Td (their ) Tj ET Q q 0 0 0 rg BT 97.57 615.50 Td (respective ) Tj ET Q q 0 0 0 rg BT 131.95 615.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 160.56 615.50 Td (values. ) Tj ET Q q 0 0 0 rg BT 184.81 615.50 Td (W) Tj ET Q q 0 0 0 rg BT 191.72 615.50 Td (e ) Tj ET Q q 0 0 0 rg BT 197.22 615.50 Td (concluded ) Tj ET Q q 0 0 0 rg BT 232.05 615.50 Td (that ) Tj ET Q q 0 0 0 rg BT 246.01 615.50 Td (the ) Tj ET Q q 0 0 0 rg BT 257.73 615.50 Td (total ) Tj ET Q q 0 0 0 rg BT 273.91 615.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 306.52 615.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 319.58 615.50 Td (values ) Tj ET Q q 0 0 0 rg BT 341.97 615.50 Td (used ) Tj ET Q q 0 0 0 rg BT 358.59 615.50 Td (for ) Tj ET Q q 0 0 0 rg BT 369.87 615.50 Td (purposes ) Tj ET Q q 0 0 0 rg BT 400.27 615.50 Td (of ) Tj ET Q q 0 0 0 rg BT 408.89 615.50 Td (the ) Tj ET Q q 0 0 0 rg BT 420.61 615.50 Td (test ) Tj ET Q q 0 0 0 rg BT 433.68 615.50 Td (are ) Tj ET Q q 0 0 0 rg BT 445.40 615.50 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 481.56 615.50 Td (by ) Tj ET Q q 0 0 0 rg BT 491.51 615.50 Td (comparing ) Tj ET Q q 0 0 0 rg BT 527.68 615.50 Td (our ) Tj ET Q q 0 0 0 rg BT 540.30 615.50 Td (market ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 605.90 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 94.59 605.90 Td (to ) Tj ET Q q 0 0 0 rg BT 102.81 605.90 Td (the ) Tj ET Q q 0 0 0 rg BT 114.58 605.90 Td (results ) Tj ET Q q 0 0 0 rg BT 137.47 605.90 Td (of ) Tj ET Q q 0 0 0 rg BT 146.13 605.90 Td (the ) Tj ET Q q 0 0 0 rg BT 157.90 605.90 Td (discounted ) Tj ET Q q 0 0 0 rg BT 194.56 605.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 210.78 605.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 227.44 605.90 Td (analysis ) Tj ET Q q 0 0 0 rg BT 255.21 605.90 Td (of ) Tj ET Q q 0 0 0 rg BT 263.88 605.90 Td (our ) Tj ET Q q 0 0 0 rg BT 276.54 605.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 307.86 605.90 Td (units, ) Tj ET Q q 0 0 0 rg BT 327.42 605.90 Td (as ) Tj ET Q q 0 0 0 rg BT 336.08 605.90 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 364.74 605.90 Td (for ) Tj ET Q q 0 0 0 rg BT 376.07 605.90 Td (unallocated ) Tj ET Q q 0 0 0 rg BT 414.94 605.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 447.14 605.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 467.80 605.90 Td (and ) Tj ET Q q 0 0 0 rg BT 481.35 605.90 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 514.98 605.90 Td (The ) Tj ET Q q 0 0 0 rg BT 529.42 605.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 555.84 605.90 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 596.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 79.95 596.30 Td (allocated ) Tj ET Q q 0 0 0 rg BT 110.82 596.30 Td (to ) Tj ET Q q 0 0 0 rg BT 119.04 596.30 Td (each ) Tj ET Q q 0 0 0 rg BT 135.69 596.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 167.02 596.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 181.46 596.30 Td (is ) Tj ET Q q 0 0 0 rg BT 188.80 596.30 Td (presented ) Tj ET Q q 0 0 0 rg BT 221.45 596.30 Td (in ) Tj ET Q q 0 0 0 rg BT 229.67 596.30 Td (Item ) Tj ET Q q 0 0 0 rg BT 246.33 596.30 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.33 596.30 Td (Note ) Tj ET Q q 0 0 0 rg BT 271.88 596.30 Td (4, ) Tj ET Q q 0 0 0 rg BT 279.88 596.30 Td ("Goodwill ) Tj ET Q q 0 0 0 rg BT 315.37 596.30 Td (and ) Tj ET Q q 0 0 0 rg BT 328.92 596.30 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 362.91 596.30 Td (Assets") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.07 596.30 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 577.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 78.59 577.70 Td (Recognition) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 63.10 562.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 93.58 562.10 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 142.29 562.10 Td (comprise ) Tj ET Q q 0 0 0 rg BT 173.66 562.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 204.14 562.10 Td (from ) Tj ET Q q 0 0 0 rg BT 221.74 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.56 562.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 248.05 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.76 562.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 294.36 562.10 Td (time ) Tj ET Q q 0 0 0 rg BT 310.63 562.10 Td (less ) Tj ET Q q 0 0 0 rg BT 324.68 562.10 Td (discounts ) Tj ET Q q 0 0 0 rg BT 356.95 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.55 562.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 395.25 562.10 Td (commissions, ) Tj ET Q q 0 0 0 rg BT 441.09 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.69 562.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 469.62 562.10 Td (char) Tj ET Q q 0 0 0 rg BT 483.24 562.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 496.84 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.11 562.10 Td (cable ) Tj ET Q q 0 0 0 rg BT 524.03 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.63 562.10 Td (satellite ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 552.50 Td (operators ) Tj ET Q q 0 0 0 rg BT 81.11 552.50 Td (for ) Tj ET Q q 0 0 0 rg BT 92.28 552.50 Td (carriage ) Tj ET Q q 0 0 0 rg BT 119.88 552.50 Td (of ) Tj ET Q q 0 0 0 rg BT 128.38 552.50 Td (our ) Tj ET Q q 0 0 0 rg BT 140.89 552.50 Td (channels. ) Tj ET Q q 0 0 0 rg BT 172.72 552.50 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 205.67 552.50 Td (are ) Tj ET Q q 0 0 0 rg BT 217.27 552.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 254.21 552.50 Td (when ) Tj ET Q q 0 0 0 rg BT 273.38 552.50 Td (control ) Tj ET Q q 0 0 0 rg BT 297.88 552.50 Td (of ) Tj ET Q q 0 0 0 rg BT 306.39 552.50 Td (the ) Tj ET Q q 0 0 0 rg BT 318.00 552.50 Td (promised ) Tj ET Q q 0 0 0 rg BT 349.62 552.50 Td (goods ) Tj ET Q q 0 0 0 rg BT 370.58 552.50 Td (or ) Tj ET Q q 0 0 0 rg BT 379.08 552.50 Td (services ) Tj ET Q q 0 0 0 rg BT 406.69 552.50 Td (is ) Tj ET Q q 0 0 0 rg BT 413.87 552.50 Td (transferred ) Tj ET Q q 0 0 0 rg BT 450.36 552.50 Td (to ) Tj ET Q q 0 0 0 rg BT 458.42 552.50 Td (our ) Tj ET Q q 0 0 0 rg BT 470.93 552.50 Td (customers, ) Tj ET Q q 0 0 0 rg BT 507.21 552.50 Td (in ) Tj ET Q q 0 0 0 rg BT 515.27 552.50 Td (an ) Tj ET Q q 0 0 0 rg BT 524.67 552.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 550.51 552.50 Td (that ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 542.90 Td (reflects ) Tj ET Q q 0 0 0 rg BT 74.97 542.90 Td (the ) Tj ET Q q 0 0 0 rg BT 86.67 542.90 Td (consideration ) Tj ET Q q 0 0 0 rg BT 131.69 542.90 Td (to ) Tj ET Q q 0 0 0 rg BT 139.84 542.90 Td (which ) Tj ET Q q 0 0 0 rg BT 161.32 542.90 Td (we ) Tj ET Q q 0 0 0 rg BT 172.58 542.90 Td (expect ) Tj ET Q q 0 0 0 rg BT 195.38 542.90 Td (to ) Tj ET Q q 0 0 0 rg BT 203.53 542.90 Td (be ) Tj ET Q q 0 0 0 rg BT 213.01 542.90 Td (entitled ) Tj ET Q q 0 0 0 rg BT 238.93 542.90 Td (in ) Tj ET Q q 0 0 0 rg BT 247.08 542.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 279.21 542.90 Td (for ) Tj ET Q q 0 0 0 rg BT 290.47 542.90 Td (those ) Tj ET Q q 0 0 0 rg BT 309.28 542.90 Td (goods ) Tj ET Q q 0 0 0 rg BT 330.32 542.90 Td (or ) Tj ET Q q 0 0 0 rg BT 338.91 542.90 Td (services, ) Tj ET Q q 0 0 0 rg BT 368.61 542.90 Td (net ) Tj ET Q q 0 0 0 rg BT 380.31 542.90 Td (of ) Tj ET Q q 0 0 0 rg BT 388.90 542.90 Td (taxes ) Tj ET Q q 0 0 0 rg BT 407.27 542.90 Td (assessed ) Tj ET Q q 0 0 0 rg BT 436.30 542.90 Td (by ) Tj ET Q q 0 0 0 rg BT 446.23 542.90 Td (a ) Tj ET Q q 0 0 0 rg BT 451.71 542.90 Td (government ) Tj ET Q q 0 0 0 rg BT 491.84 542.90 Td (authority ) Tj ET Q q 0 0 0 rg BT 522.65 542.90 Td (that ) Tj ET Q q 0 0 0 rg BT 536.58 542.90 Td (are ) Tj ET Q q 0 0 0 rg BT 548.27 542.90 Td (both ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 533.30 Td (imposed ) Tj ET Q q 0 0 0 rg BT 78.61 533.30 Td (on ) Tj ET Q q 0 0 0 rg BT 88.61 533.30 Td (and ) Tj ET Q q 0 0 0 rg BT 102.16 533.30 Td (concurrent ) Tj ET Q q 0 0 0 rg BT 138.36 533.30 Td (with ) Tj ET Q q 0 0 0 rg BT 154.59 533.30 Td (the ) Tj ET Q q 0 0 0 rg BT 166.36 533.30 Td (specific ) Tj ET Q q 0 0 0 rg BT 193.23 533.30 Td (revenue-producing ) Tj ET Q q 0 0 0 rg BT 255.65 533.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 292.75 533.30 Td (and ) Tj ET Q q 0 0 0 rg BT 306.30 533.30 Td (collected ) Tj ET Q q 0 0 0 rg BT 337.17 533.30 Td (from ) Tj ET Q q 0 0 0 rg BT 354.72 533.30 Td (the ) Tj ET Q q 0 0 0 rg BT 366.50 533.30 Td (customer) Tj ET Q q 0 0 0 rg BT 395.38 533.30 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 517.70 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 517.70 Td (e ) Tj ET Q q 0 0 0 rg BT 61.70 517.70 Td (defer ) Tj ET Q q 0 0 0 rg BT 79.87 517.70 Td (the ) Tj ET Q q 0 0 0 rg BT 91.38 517.70 Td (recognition ) Tj ET Q q 0 0 0 rg BT 129.56 517.70 Td (of ) Tj ET Q q 0 0 0 rg BT 137.96 517.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 168.13 517.70 Td (when ) Tj ET Q q 0 0 0 rg BT 187.20 517.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 203.16 517.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 235.56 517.70 Td (are ) Tj ET Q q 0 0 0 rg BT 247.06 517.70 Td (received ) Tj ET Q q 0 0 0 rg BT 275.89 517.70 Td (or ) Tj ET Q q 0 0 0 rg BT 284.30 517.70 Td (due ) Tj ET Q q 0 0 0 rg BT 297.59 517.70 Td (in ) Tj ET Q q 0 0 0 rg BT 305.55 517.70 Td (advance ) Tj ET Q q 0 0 0 rg BT 333.49 517.70 Td (of ) Tj ET Q q 0 0 0 rg BT 341.90 517.70 Td (our ) Tj ET Q q 0 0 0 rg BT 354.30 517.70 Td (performance, ) Tj ET Q q 0 0 0 rg BT 398.46 517.70 Td (including ) Tj ET Q q 0 0 0 rg BT 430.42 517.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 459.27 517.70 Td (which ) Tj ET Q q 0 0 0 rg BT 480.56 517.70 Td (are ) Tj ET Q q 0 0 0 rg BT 492.07 517.70 Td (refundable. ) Tj ET Q q 0 0 0 rg BT 529.88 517.70 Td (W) Tj ET Q q 0 0 0 rg BT 536.79 517.70 Td (e ) Tj ET Q q 0 0 0 rg BT 542.08 517.70 Td (record ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td (a ) Tj ET Q q 0 0 0 rg BT 55.16 508.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 90.13 508.10 Td (when ) Tj ET Q q 0 0 0 rg BT 109.57 508.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 137.00 508.10 Td (is ) Tj ET Q q 0 0 0 rg BT 144.45 508.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 181.65 508.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 199.31 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.64 508.10 Td (invoicing, ) Tj ET Q q 0 0 0 rg BT 241.97 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 250.74 508.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 279.50 508.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 306.93 508.10 Td (when ) Tj ET Q q 0 0 0 rg BT 326.36 508.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 353.79 508.10 Td (is ) Tj ET Q q 0 0 0 rg BT 361.24 508.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 398.44 508.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 436.10 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 444.43 508.10 Td (invoicing. ) Tj ET Q q 0 0 0 rg BT 478.76 508.10 Td (Invoicing ) Tj ET Q q 0 0 0 rg BT 511.53 508.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 541.63 508.10 Td (occurs ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 498.50 Td (on ) Tj ET Q q 0 0 0 rg BT 59.80 498.50 Td (a ) Tj ET Q q 0 0 0 rg BT 65.65 498.50 Td (monthly ) Tj ET Q q 0 0 0 rg BT 94.61 498.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 112.91 498.50 Td (and ) Tj ET Q q 0 0 0 rg BT 126.76 498.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 161.49 498.50 Td (are ) Tj ET Q q 0 0 0 rg BT 173.56 498.50 Td (obliged ) Tj ET Q q 0 0 0 rg BT 199.85 498.50 Td (to ) Tj ET Q q 0 0 0 rg BT 208.37 498.50 Td (pay ) Tj ET Q q 0 0 0 rg BT 222.22 498.50 Td (within ) Tj ET Q q 0 0 0 rg BT 244.96 498.50 Td (30 ) Tj ET Q q 0 0 0 rg BT 255.26 498.50 Td (to ) Tj ET Q q 0 0 0 rg BT 263.78 498.50 Td (60 ) Tj ET Q q 0 0 0 rg BT 274.08 498.50 Td (days ) Tj ET Q q 0 0 0 rg BT 291.04 498.50 Td (of ) Tj ET Q q 0 0 0 rg BT 300.00 498.50 Td (issuance. ) Tj ET Q q 0 0 0 rg BT 331.40 498.50 Td (For ) Tj ET Q q 0 0 0 rg BT 344.81 498.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 368.87 498.50 Td (services ) Tj ET Q q 0 0 0 rg BT 396.94 498.50 Td (and ) Tj ET Q q 0 0 0 rg BT 410.79 498.50 Td (customer ) Tj ET Q q 0 0 0 rg BT 442.41 498.50 Td (types, ) Tj ET Q q 0 0 0 rg BT 463.59 498.50 Td (we ) Tj ET Q q 0 0 0 rg BT 475.22 498.50 Td (require ) Tj ET Q q 0 0 0 rg BT 500.17 498.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 530.01 498.50 Td (before ) Tj ET Q q 0 0 0 rg BT 552.74 498.50 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 488.90 Td (services ) Tj ET Q q 0 0 0 rg BT 77.27 488.90 Td (are ) Tj ET Q q 0 0 0 rg BT 89.03 488.90 Td (provided.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 473.30 Td (In ) Tj ET Q q 0 0 0 rg BT 57.97 473.30 Td (instances ) Tj ET Q q 0 0 0 rg BT 89.10 473.30 Td (where ) Tj ET Q q 0 0 0 rg BT 110.45 473.30 Td (the ) Tj ET Q q 0 0 0 rg BT 122.02 473.30 Td (timing ) Tj ET Q q 0 0 0 rg BT 144.72 473.30 Td (of ) Tj ET Q q 0 0 0 rg BT 153.19 473.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 180.31 473.30 Td (recognition ) Tj ET Q q 0 0 0 rg BT 218.55 473.30 Td (dif) Tj ET Q q 0 0 0 rg BT 227.29 473.30 Td (fers ) Tj ET Q q 0 0 0 rg BT 241.09 473.30 Td (from ) Tj ET Q q 0 0 0 rg BT 258.44 473.30 Td (the ) Tj ET Q q 0 0 0 rg BT 270.02 473.30 Td (timing ) Tj ET Q q 0 0 0 rg BT 292.71 473.30 Td (of ) Tj ET Q q 0 0 0 rg BT 301.18 473.30 Td (invoicing, ) Tj ET Q q 0 0 0 rg BT 335.21 473.30 Td (we ) Tj ET Q q 0 0 0 rg BT 346.34 473.30 Td (have ) Tj ET Q q 0 0 0 rg BT 363.25 473.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 401.04 473.30 Td (our ) Tj ET Q q 0 0 0 rg BT 413.50 473.30 Td (contracts ) Tj ET Q q 0 0 0 rg BT 444.18 473.30 Td (do ) Tj ET Q q 0 0 0 rg BT 453.99 473.30 Td (not ) Tj ET Q q 0 0 0 rg BT 466.02 473.30 Td (include ) Tj ET Q q 0 0 0 rg BT 491.37 473.30 Td (a ) Tj ET Q q 0 0 0 rg BT 496.72 473.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 532.30 473.30 Td (financing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 463.70 Td (component. ) Tj ET Q q 0 0 0 rg BT 89.13 463.70 Td (The ) Tj ET Q q 0 0 0 rg BT 103.80 463.70 Td (primary ) Tj ET Q q 0 0 0 rg BT 131.37 463.70 Td (purpose ) Tj ET Q q 0 0 0 rg BT 158.94 463.70 Td (of ) Tj ET Q q 0 0 0 rg BT 167.84 463.70 Td (our ) Tj ET Q q 0 0 0 rg BT 180.74 463.70 Td (invoicing ) Tj ET Q q 0 0 0 rg BT 213.20 463.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 233.22 463.70 Td (is ) Tj ET Q q 0 0 0 rg BT 240.79 463.70 Td (to ) Tj ET Q q 0 0 0 rg BT 249.26 463.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 275.93 463.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 310.61 463.70 Td (with ) Tj ET Q q 0 0 0 rg BT 327.07 463.70 Td (simplified ) Tj ET Q q 0 0 0 rg BT 361.76 463.70 Td (and ) Tj ET Q q 0 0 0 rg BT 375.55 463.70 Td (predictable ) Tj ET Q q 0 0 0 rg BT 413.32 463.70 Td (ways ) Tj ET Q q 0 0 0 rg BT 432.00 463.70 Td (of ) Tj ET Q q 0 0 0 rg BT 440.91 463.70 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 478.25 463.70 Td (our ) Tj ET Q q 0 0 0 rg BT 491.15 463.70 Td (products ) Tj ET Q q 0 0 0 rg BT 520.95 463.70 Td (and ) Tj ET Q q 0 0 0 rg BT 534.74 463.70 Td (services, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (not ) Tj ET Q q 0 0 0 rg BT 61.72 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 69.95 454.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 95.04 454.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 127.25 454.10 Td (from ) Tj ET Q q 0 0 0 rg BT 144.80 454.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.46 454.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 191.90 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 200.56 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.79 454.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 235.22 454.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 269.66 454.10 Td (with ) Tj ET Q q 0 0 0 rg BT 285.88 454.10 Td (financing.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 438.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 438.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.09 438.50 Td (maintain ) Tj ET Q q 0 0 0 rg BT 92.20 438.50 Td (a ) Tj ET Q q 0 0 0 rg BT 97.88 438.50 Td (bad ) Tj ET Q q 0 0 0 rg BT 111.55 438.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 127.45 438.50 Td (provision ) Tj ET Q q 0 0 0 rg BT 159.80 438.50 Td (for ) Tj ET Q q 0 0 0 rg BT 171.25 438.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 204.04 438.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 225.27 438.50 Td (resulting ) Tj ET Q q 0 0 0 rg BT 255.39 438.50 Td (from ) Tj ET Q q 0 0 0 rg BT 273.07 438.50 Td (the ) Tj ET Q q 0 0 0 rg BT 284.97 438.50 Td (inability ) Tj ET Q q 0 0 0 rg BT 313.76 438.50 Td (of ) Tj ET Q q 0 0 0 rg BT 322.55 438.50 Td (our ) Tj ET Q q 0 0 0 rg BT 335.34 438.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 369.90 438.50 Td (to ) Tj ET Q q 0 0 0 rg BT 378.25 438.50 Td (make ) Tj ET Q q 0 0 0 rg BT 397.70 438.50 Td (required ) Tj ET Q q 0 0 0 rg BT 426.47 438.50 Td (payments. ) Tj ET Q q 0 0 0 rg BT 461.26 438.50 Td (If ) Tj ET Q q 0 0 0 rg BT 468.71 438.50 Td (the ) Tj ET Q q 0 0 0 rg BT 480.61 438.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 510.72 438.50 Td (condition ) Tj ET Q q 0 0 0 rg BT 543.06 438.50 Td (of ) Tj ET Q q 0 0 0 rg BT 551.85 438.50 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 428.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 83.64 428.90 Td (were ) Tj ET Q q 0 0 0 rg BT 100.89 428.90 Td (to ) Tj ET Q q 0 0 0 rg BT 108.81 428.90 Td (deteriorate, ) Tj ET Q q 0 0 0 rg BT 146.71 428.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 180.41 428.90 Td (allowances ) Tj ET Q q 0 0 0 rg BT 217.65 428.90 Td (may ) Tj ET Q q 0 0 0 rg BT 233.13 428.90 Td (be ) Tj ET Q q 0 0 0 rg BT 242.38 428.90 Td (required ) Tj ET Q q 0 0 0 rg BT 270.74 428.90 Td (in ) Tj ET Q q 0 0 0 rg BT 278.66 428.90 Td (future ) Tj ET Q q 0 0 0 rg BT 299.47 428.90 Td (periods. ) Tj ET Q q 0 0 0 rg BT 326.60 428.90 Td (W) Tj ET Q q 0 0 0 rg BT 333.51 428.90 Td (e ) Tj ET Q q 0 0 0 rg BT 338.76 428.90 Td (review ) Tj ET Q q 0 0 0 rg BT 362.23 428.90 Td (the ) Tj ET Q q 0 0 0 rg BT 373.71 428.90 Td (accounts ) Tj ET Q q 0 0 0 rg BT 403.40 428.90 Td (receivable ) Tj ET Q q 0 0 0 rg BT 437.97 428.90 Td (balances ) Tj ET Q q 0 0 0 rg BT 467.21 428.90 Td (periodically ) Tj ET Q q 0 0 0 rg BT 507.12 428.90 Td (and ) Tj ET Q q 0 0 0 rg BT 520.37 428.90 Td (our ) Tj ET Q q 0 0 0 rg BT 532.74 428.90 Td (historical ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 419.30 Td (bad ) Tj ET Q q 0 0 0 rg BT 63.05 419.30 Td (debt, ) Tj ET Q q 0 0 0 rg BT 80.82 419.30 Td (customer ) Tj ET Q q 0 0 0 rg BT 112.15 419.30 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 160.80 419.30 Td (and ) Tj ET Q q 0 0 0 rg BT 174.35 419.30 Td (customer ) Tj ET Q q 0 0 0 rg BT 205.67 419.30 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 260.55 419.30 Td (when ) Tj ET Q q 0 0 0 rg BT 279.88 419.30 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 315.20 419.30 Td (the ) Tj ET Q q 0 0 0 rg BT 326.97 419.30 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 359.17 419.30 Td (of ) Tj ET Q q 0 0 0 rg BT 367.84 419.30 Td (our ) Tj ET Q q 0 0 0 rg BT 380.50 419.30 Td (provision.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 400.70 Td (Income ) Tj ET Q q 0 0 0 rg BT 75.04 400.70 Td (T) Tj ET Q q 0 0 0 rg BT 78.76 400.70 Td (axes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 385.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.26 385.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 96.80 385.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.46 385.10 Td (income ) Tj ET Q q 0 0 0 rg BT 134.32 385.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 153.08 385.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 182.07 385.10 Td (local ) Tj ET Q q 0 0 0 rg BT 199.94 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.81 385.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 239.23 385.10 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 259.99 385.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 290.74 385.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 302.83 385.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 323.82 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.69 385.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 369.79 385.10 Td (are ) Tj ET Q q 0 0 0 rg BT 381.88 385.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 419.29 385.10 Td (for ) Tj ET Q q 0 0 0 rg BT 430.94 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.03 385.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 476.01 385.10 Td (future ) Tj ET Q q 0 0 0 rg BT 497.44 385.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 509.53 385.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 555.83 385.10 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 375.50 Td (temporary ) Tj ET Q q 0 0 0 rg BT 84.99 375.50 Td (dif) Tj ET Q q 0 0 0 rg BT 93.73 375.50 Td (ferences ) Tj ET Q q 0 0 0 rg BT 122.99 375.50 Td (between ) Tj ET Q q 0 0 0 rg BT 152.25 375.50 Td (the ) Tj ET Q q 0 0 0 rg BT 164.64 375.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 195.23 375.50 Td (statement ) Tj ET Q q 0 0 0 rg BT 228.50 375.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 257.77 375.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 287.49 375.50 Td (and ) Tj ET Q q 0 0 0 rg BT 301.65 375.50 Td (their ) Tj ET Q q 0 0 0 rg BT 318.92 375.50 Td (respective ) Tj ET Q q 0 0 0 rg BT 353.96 375.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 366.35 375.50 Td (bases. ) Tj ET Q q 0 0 0 rg BT 388.29 375.50 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 419.32 375.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 431.71 375.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 452.98 375.50 Td (and ) Tj ET Q q 0 0 0 rg BT 467.15 375.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 499.53 375.50 Td (are ) Tj ET Q q 0 0 0 rg BT 511.91 375.50 Td (measured ) Tj ET Q q 0 0 0 rg BT 545.18 375.50 Td (using ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 365.90 Td (enacted ) Tj ET Q q 0 0 0 rg BT 76.43 365.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 88.71 365.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 106.31 365.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 137.24 365.90 Td (to ) Tj ET Q q 0 0 0 rg BT 145.97 365.90 Td (apply ) Tj ET Q q 0 0 0 rg BT 166.25 365.90 Td (to ) Tj ET Q q 0 0 0 rg BT 174.97 365.90 Td (taxable ) Tj ET Q q 0 0 0 rg BT 200.57 365.90 Td (income ) Tj ET Q q 0 0 0 rg BT 226.63 365.90 Td (in ) Tj ET Q q 0 0 0 rg BT 235.35 365.90 Td (the ) Tj ET Q q 0 0 0 rg BT 247.63 365.90 Td (year ) Tj ET Q q 0 0 0 rg BT 263.90 365.90 Td (in ) Tj ET Q q 0 0 0 rg BT 272.63 365.90 Td (which ) Tj ET Q q 0 0 0 rg BT 294.68 365.90 Td (the ) Tj ET Q q 0 0 0 rg BT 306.96 365.90 Td (temporary ) Tj ET Q q 0 0 0 rg BT 342.34 365.90 Td (dif) Tj ET Q q 0 0 0 rg BT 351.08 365.90 Td (ferences ) Tj ET Q q 0 0 0 rg BT 380.23 365.90 Td (are ) Tj ET Q q 0 0 0 rg BT 392.50 365.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 423.43 365.90 Td (to ) Tj ET Q q 0 0 0 rg BT 432.15 365.90 Td (be ) Tj ET Q q 0 0 0 rg BT 442.21 365.90 Td (recovered ) Tj ET Q q 0 0 0 rg BT 476.24 365.90 Td (or ) Tj ET Q q 0 0 0 rg BT 485.41 365.90 Td (settled. ) Tj ET Q q 0 0 0 rg BT 510.62 365.90 Td (W) Tj ET Q q 0 0 0 rg BT 517.53 365.90 Td (e ) Tj ET Q q 0 0 0 rg BT 523.58 365.90 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 552.73 365.90 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 356.30 Td (realizability ) Tj ET Q q 0 0 0 rg BT 89.89 356.30 Td (of ) Tj ET Q q 0 0 0 rg BT 98.74 356.30 Td (our ) Tj ET Q q 0 0 0 rg BT 111.59 356.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 140.43 356.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 152.39 356.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 173.24 356.30 Td (and ) Tj ET Q q 0 0 0 rg BT 186.98 356.30 Td (establish ) Tj ET Q q 0 0 0 rg BT 217.16 356.30 Td (a ) Tj ET Q q 0 0 0 rg BT 222.90 356.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 254.86 356.30 Td (allowance ) Tj ET Q q 0 0 0 rg BT 289.47 356.30 Td (when ) Tj ET Q q 0 0 0 rg BT 308.98 356.30 Td (it ) Tj ET Q q 0 0 0 rg BT 315.62 356.30 Td (is ) Tj ET Q q 0 0 0 rg BT 323.14 356.30 Td (more ) Tj ET Q q 0 0 0 rg BT 341.77 356.30 Td (likely ) Tj ET Q q 0 0 0 rg BT 362.17 356.30 Td (than ) Tj ET Q q 0 0 0 rg BT 378.13 356.30 Td (not ) Tj ET Q q 0 0 0 rg BT 390.54 356.30 Td (that ) Tj ET Q q 0 0 0 rg BT 404.73 356.30 Td (all ) Tj ET Q q 0 0 0 rg BT 414.91 356.30 Td (or ) Tj ET Q q 0 0 0 rg BT 423.76 356.30 Td (a ) Tj ET Q q 0 0 0 rg BT 429.50 356.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 454.80 356.30 Td (of ) Tj ET Q q 0 0 0 rg BT 463.65 356.30 Td (a ) Tj ET Q q 0 0 0 rg BT 469.39 356.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 498.22 356.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 510.18 356.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 527.92 356.30 Td (will ) Tj ET Q q 0 0 0 rg BT 542.55 356.30 Td (not ) Tj ET Q q 0 0 0 rg BT 554.96 356.30 Td (be ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 346.70 Td (realized.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 331.10 Td (In ) Tj ET Q q 0 0 0 rg BT 58.44 331.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 94.04 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.09 331.10 Td (realizability ) Tj ET Q q 0 0 0 rg BT 146.57 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.51 331.10 Td (our ) Tj ET Q q 0 0 0 rg BT 168.45 331.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 197.37 331.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 209.42 331.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 232.36 331.10 Td (we ) Tj ET Q q 0 0 0 rg BT 243.96 331.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 273.34 331.10 Td (all ) Tj ET Q q 0 0 0 rg BT 283.61 331.10 Td (available ) Tj ET Q q 0 0 0 rg BT 314.76 331.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 342.37 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.20 331.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 385.57 331.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 418.27 331.10 Td (including ) Tj ET Q q 0 0 0 rg BT 450.77 331.10 Td (future ) Tj ET Q q 0 0 0 rg BT 472.15 331.10 Td (reversals ) Tj ET Q q 0 0 0 rg BT 502.85 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.79 331.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 539.40 331.10 Td (taxable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 321.50 Td (temporary ) Tj ET Q q 0 0 0 rg BT 84.21 321.50 Td (dif) Tj ET Q q 0 0 0 rg BT 92.95 321.50 Td (ferences, ) Tj ET Q q 0 0 0 rg BT 123.43 321.50 Td (projected ) Tj ET Q q 0 0 0 rg BT 155.03 321.50 Td (future ) Tj ET Q q 0 0 0 rg BT 175.96 321.50 Td (taxable ) Tj ET Q q 0 0 0 rg BT 200.90 321.50 Td (income, ) Tj ET Q q 0 0 0 rg BT 228.28 321.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 239.89 321.50 Td (planning ) Tj ET Q q 0 0 0 rg BT 269.72 321.50 Td (strategies ) Tj ET Q q 0 0 0 rg BT 301.76 321.50 Td (and ) Tj ET Q q 0 0 0 rg BT 315.15 321.50 Td (recent ) Tj ET Q q 0 0 0 rg BT 336.52 321.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 366.34 321.50 Td (operations. ) Tj ET Q q 0 0 0 rg BT 403.10 321.50 Td (Any ) Tj ET Q q 0 0 0 rg BT 418.71 321.50 Td (reduction ) Tj ET Q q 0 0 0 rg BT 450.76 321.50 Td (in ) Tj ET Q q 0 0 0 rg BT 458.81 321.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 491.31 321.50 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 526.01 321.50 Td (results ) Tj ET Q q 0 0 0 rg BT 548.73 321.50 Td (may ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 311.90 Td (require ) Tj ET Q q 0 0 0 rg BT 73.90 311.90 Td (that ) Tj ET Q q 0 0 0 rg BT 87.65 311.90 Td (we ) Tj ET Q q 0 0 0 rg BT 98.73 311.90 Td (record ) Tj ET Q q 0 0 0 rg BT 120.91 311.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 154.66 311.90 Td (valuation ) Tj ET Q q 0 0 0 rg BT 186.18 311.90 Td (allowances ) Tj ET Q q 0 0 0 rg BT 223.47 311.90 Td (against ) Tj ET Q q 0 0 0 rg BT 247.88 311.90 Td (our ) Tj ET Q q 0 0 0 rg BT 260.30 311.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 288.70 311.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 300.22 311.90 Td (assets. ) Tj ET Q q 0 0 0 rg BT 322.64 311.90 Td (Once ) Tj ET Q q 0 0 0 rg BT 341.27 311.90 Td (a ) Tj ET Q q 0 0 0 rg BT 346.57 311.90 Td (valuation ) Tj ET Q q 0 0 0 rg BT 378.09 311.90 Td (allowance ) Tj ET Q q 0 0 0 rg BT 412.27 311.90 Td (has ) Tj ET Q q 0 0 0 rg BT 424.69 311.90 Td (been ) Tj ET Q q 0 0 0 rg BT 441.54 311.90 Td (established, ) Tj ET Q q 0 0 0 rg BT 480.84 311.90 Td (it ) Tj ET Q q 0 0 0 rg BT 487.04 311.90 Td (will ) Tj ET Q q 0 0 0 rg BT 501.23 311.90 Td (be ) Tj ET Q q 0 0 0 rg BT 510.54 311.90 Td (maintained ) Tj ET Q q 0 0 0 rg BT 547.83 311.90 Td (until ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 302.30 Td (there ) Tj ET Q q 0 0 0 rg BT 67.60 302.30 Td (is ) Tj ET Q q 0 0 0 rg BT 75.04 302.30 Td (suf) Tj ET Q q 0 0 0 rg BT 84.68 302.30 Td (ficient ) Tj ET Q q 0 0 0 rg BT 107.22 302.30 Td (positive ) Tj ET Q q 0 0 0 rg BT 134.66 302.30 Td (evidence ) Tj ET Q q 0 0 0 rg BT 165.20 302.30 Td (to ) Tj ET Q q 0 0 0 rg BT 173.53 302.30 Td (conclude ) Tj ET Q q 0 0 0 rg BT 204.51 302.30 Td (that ) Tj ET Q q 0 0 0 rg BT 218.62 302.30 Td (it ) Tj ET Q q 0 0 0 rg BT 225.17 302.30 Td (is ) Tj ET Q q 0 0 0 rg BT 232.62 302.30 Td (more ) Tj ET Q q 0 0 0 rg BT 251.16 302.30 Td (likely ) Tj ET Q q 0 0 0 rg BT 271.49 302.30 Td (than ) Tj ET Q q 0 0 0 rg BT 287.38 302.30 Td (not ) Tj ET Q q 0 0 0 rg BT 299.71 302.30 Td (that ) Tj ET Q q 0 0 0 rg BT 313.81 302.30 Td (such ) Tj ET Q q 0 0 0 rg BT 330.59 302.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 351.36 302.30 Td (will ) Tj ET Q q 0 0 0 rg BT 365.91 302.30 Td (be ) Tj ET Q q 0 0 0 rg BT 375.57 302.30 Td (realized. ) Tj ET Q q 0 0 0 rg BT 404.53 302.30 Td (An ) Tj ET Q q 0 0 0 rg BT 416.42 302.30 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 444.75 302.30 Td (pattern ) Tj ET Q q 0 0 0 rg BT 469.07 302.30 Td (of ) Tj ET Q q 0 0 0 rg BT 477.84 302.30 Td (sustained ) Tj ET Q q 0 0 0 rg BT 509.73 302.30 Td (profitability ) Tj ET Q q 0 0 0 rg BT 550.05 302.30 Td (will ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 292.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 81.40 292.70 Td (be ) Tj ET Q q 0 0 0 rg BT 91.09 292.70 Td (considered ) Tj ET Q q 0 0 0 rg BT 127.88 292.70 Td (as ) Tj ET Q q 0 0 0 rg BT 136.68 292.70 Td (suf) Tj ET Q q 0 0 0 rg BT 146.31 292.70 Td (ficient ) Tj ET Q q 0 0 0 rg BT 168.88 292.70 Td (positive ) Tj ET Q q 0 0 0 rg BT 196.35 292.70 Td (evidence. ) Tj ET Q q 0 0 0 rg BT 228.91 292.70 Td (If ) Tj ET Q q 0 0 0 rg BT 236.38 292.70 Td (the ) Tj ET Q q 0 0 0 rg BT 248.29 292.70 Td (allowance ) Tj ET Q q 0 0 0 rg BT 282.85 292.70 Td (is ) Tj ET Q q 0 0 0 rg BT 290.32 292.70 Td (reversed ) Tj ET Q q 0 0 0 rg BT 319.55 292.70 Td (in ) Tj ET Q q 0 0 0 rg BT 327.91 292.70 Td (a ) Tj ET Q q 0 0 0 rg BT 333.60 292.70 Td (future ) Tj ET Q q 0 0 0 rg BT 354.84 292.70 Td (period, ) Tj ET Q q 0 0 0 rg BT 379.41 292.70 Td (our ) Tj ET Q q 0 0 0 rg BT 392.21 292.70 Td (income ) Tj ET Q q 0 0 0 rg BT 417.89 292.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 429.80 292.70 Td (provision ) Tj ET Q q 0 0 0 rg BT 462.16 292.70 Td (will ) Tj ET Q q 0 0 0 rg BT 476.75 292.70 Td (be ) Tj ET Q q 0 0 0 rg BT 486.43 292.70 Td (reduced ) Tj ET Q q 0 0 0 rg BT 513.89 292.70 Td (to ) Tj ET Q q 0 0 0 rg BT 522.25 292.70 Td (the ) Tj ET Q q 0 0 0 rg BT 534.16 292.70 Td (extent ) Tj ET Q q 0 0 0 rg BT 555.84 292.70 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.26 283.10 Td (reversal. ) Tj ET Q q 0 0 0 rg BT 90.12 283.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 129.59 283.10 Td (, ) Tj ET Q q 0 0 0 rg BT 133.58 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.34 283.10 Td (establishment ) Tj ET Q q 0 0 0 rg BT 191.32 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.85 283.10 Td (reversal ) Tj ET Q q 0 0 0 rg BT 232.16 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.81 283.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 272.56 283.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 310.09 283.10 Td (has ) Tj ET Q q 0 0 0 rg BT 322.74 283.10 Td (had ) Tj ET Q q 0 0 0 rg BT 336.28 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.81 283.10 Td (could ) Tj ET Q q 0 0 0 rg BT 369.57 283.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 399.11 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.32 283.10 Td (have ) Tj ET Q q 0 0 0 rg BT 424.40 283.10 Td (a ) Tj ET Q q 0 0 0 rg BT 429.94 283.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 465.70 283.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 494.78 283.10 Td (or ) Tj ET Q q 0 0 0 rg BT 503.43 283.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 530.75 283.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 554.50 283.10 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 273.50 Td (our ) Tj ET Q q 0 0 0 rg BT 62.16 273.50 Td (future ) Tj ET Q q 0 0 0 rg BT 83.27 273.50 Td (earnings.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 257.90 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 257.90 Td (e ) Tj ET Q q 0 0 0 rg BT 62.12 257.90 Td (measure ) Tj ET Q q 0 0 0 rg BT 90.93 257.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 119.73 257.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 131.66 257.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 152.48 257.90 Td (and ) Tj ET Q q 0 0 0 rg BT 166.18 257.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 198.11 257.90 Td (using ) Tj ET Q q 0 0 0 rg BT 217.61 257.90 Td (enacted ) Tj ET Q q 0 0 0 rg BT 244.19 257.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 256.12 257.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 273.38 257.90 Td (that, ) Tj ET Q q 0 0 0 rg BT 289.53 257.90 Td (if ) Tj ET Q q 0 0 0 rg BT 296.57 257.90 Td (changed, ) Tj ET Q q 0 0 0 rg BT 327.38 257.90 Td (would ) Tj ET Q q 0 0 0 rg BT 349.54 257.90 Td (result ) Tj ET Q q 0 0 0 rg BT 369.46 257.90 Td (in ) Tj ET Q q 0 0 0 rg BT 377.84 257.90 Td (either ) Tj ET Q q 0 0 0 rg BT 398.21 257.90 Td (an ) Tj ET Q q 0 0 0 rg BT 407.92 257.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 436.28 257.90 Td (or ) Tj ET Q q 0 0 0 rg BT 445.10 257.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 474.79 257.90 Td (in ) Tj ET Q q 0 0 0 rg BT 483.16 257.90 Td (the ) Tj ET Q q 0 0 0 rg BT 495.09 257.90 Td (provision ) Tj ET Q q 0 0 0 rg BT 527.47 257.90 Td (for ) Tj ET Q q 0 0 0 rg BT 538.96 257.90 Td (income ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 248.30 Td (taxes ) Tj ET Q q 0 0 0 rg BT 67.94 248.30 Td (in ) Tj ET Q q 0 0 0 rg BT 76.16 248.30 Td (the ) Tj ET Q q 0 0 0 rg BT 87.93 248.30 Td (period ) Tj ET Q q 0 0 0 rg BT 110.37 248.30 Td (of ) Tj ET Q q 0 0 0 rg BT 119.04 248.30 Td (change ) Tj ET Q q 0 0 0 rg BT 143.69 248.30 Td (except ) Tj ET Q q 0 0 0 rg BT 166.56 248.30 Td (where ) Tj ET Q q 0 0 0 rg BT 188.11 248.30 Td (the ) Tj ET Q q 0 0 0 rg BT 199.88 248.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 228.52 248.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 240.30 248.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 260.96 248.30 Td (are ) Tj ET Q q 0 0 0 rg BT 272.73 248.30 Td (covered ) Tj ET Q q 0 0 0 rg BT 300.04 248.30 Td (by ) Tj ET Q q 0 0 0 rg BT 310.04 248.30 Td (a ) Tj ET Q q 0 0 0 rg BT 315.59 248.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 347.36 248.30 Td (allowance ) Tj ET Q q 0 0 0 rg BT 381.79 248.30 Td (which ) Tj ET Q q 0 0 0 rg BT 403.34 248.30 Td (gives ) Tj ET Q q 0 0 0 rg BT 422.23 248.30 Td (rise ) Tj ET Q q 0 0 0 rg BT 435.78 248.30 Td (to ) Tj ET Q q 0 0 0 rg BT 444.00 248.30 Td (an ) Tj ET Q q 0 0 0 rg BT 453.55 248.30 Td (of) Tj ET Q q 0 0 0 rg BT 460.07 248.30 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 486.07 248.30 Td (adjustment.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 232.70 Td (From ) Tj ET Q q 0 0 0 rg BT 69.46 232.70 Td (time ) Tj ET Q q 0 0 0 rg BT 86.30 232.70 Td (to ) Tj ET Q q 0 0 0 rg BT 95.14 232.70 Td (time, ) Tj ET Q q 0 0 0 rg BT 113.98 232.70 Td (we ) Tj ET Q q 0 0 0 rg BT 125.93 232.70 Td (engage ) Tj ET Q q 0 0 0 rg BT 151.20 232.70 Td (in ) Tj ET Q q 0 0 0 rg BT 160.05 232.70 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 202.88 232.70 Td (such ) Tj ET Q q 0 0 0 rg BT 220.16 232.70 Td (as ) Tj ET Q q 0 0 0 rg BT 229.45 232.70 Td (business ) Tj ET Q q 0 0 0 rg BT 259.18 232.70 Td (combinations ) Tj ET Q q 0 0 0 rg BT 304.91 232.70 Td (and ) Tj ET Q q 0 0 0 rg BT 319.08 232.70 Td (dispositions, ) Tj ET Q q 0 0 0 rg BT 361.93 232.70 Td (in ) Tj ET Q q 0 0 0 rg BT 370.78 232.70 Td (which ) Tj ET Q q 0 0 0 rg BT 392.95 232.70 Td (the ) Tj ET Q q 0 0 0 rg BT 405.34 232.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 417.74 232.70 Td (consequences ) Tj ET Q q 0 0 0 rg BT 464.34 232.70 Td (may ) Tj ET Q q 0 0 0 rg BT 480.73 232.70 Td (be ) Tj ET Q q 0 0 0 rg BT 490.91 232.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 516.19 232.70 Td (to ) Tj ET Q q 0 0 0 rg BT 525.03 232.70 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 560.50 232.70 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 223.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 86.36 223.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 118.34 223.10 Td (is ) Tj ET Q q 0 0 0 rg BT 125.43 223.10 Td (required ) Tj ET Q q 0 0 0 rg BT 153.84 223.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.81 223.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 193.35 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.65 223.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 241.74 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.27 223.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 264.80 223.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 310.53 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.95 223.10 Td (these ) Tj ET Q q 0 0 0 rg BT 337.15 223.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 378.99 223.10 Td (W) Tj ET Q q 0 0 0 rg BT 385.90 223.10 Td (e ) Tj ET Q q 0 0 0 rg BT 391.20 223.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 416.94 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.25 223.10 Td (file ) Tj ET Q q 0 0 0 rg BT 442.66 223.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 454.19 223.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 478.16 223.10 Td (based ) Tj ET Q q 0 0 0 rg BT 498.13 223.10 Td (on ) Tj ET Q q 0 0 0 rg BT 507.89 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.42 223.10 Td (interpretation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 213.50 Td (of ) Tj ET Q q 0 0 0 rg BT 58.52 213.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 70.64 213.50 Td (laws ) Tj ET Q q 0 0 0 rg BT 87.66 213.50 Td (and ) Tj ET Q q 0 0 0 rg BT 101.56 213.50 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 141.46 213.50 Td (In ) Tj ET Q q 0 0 0 rg BT 150.48 213.50 Td (the ) Tj ET Q q 0 0 0 rg BT 162.60 213.50 Td (normal ) Tj ET Q q 0 0 0 rg BT 187.62 213.50 Td (course ) Tj ET Q q 0 0 0 rg BT 210.85 213.50 Td (of ) Tj ET Q q 0 0 0 rg BT 219.87 213.50 Td (business, ) Tj ET Q q 0 0 0 rg BT 251.33 213.50 Td (our ) Tj ET Q q 0 0 0 rg BT 264.35 213.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 276.47 213.50 Td (returns ) Tj ET Q q 0 0 0 rg BT 301.04 213.50 Td (are ) Tj ET Q q 0 0 0 rg BT 313.16 213.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 338.17 213.50 Td (to ) Tj ET Q q 0 0 0 rg BT 346.75 213.50 Td (examination ) Tj ET Q q 0 0 0 rg BT 388.64 213.50 Td (by ) Tj ET Q q 0 0 0 rg BT 399.00 213.50 Td (various ) Tj ET Q q 0 0 0 rg BT 424.90 213.50 Td (taxing ) Tj ET Q q 0 0 0 rg BT 447.25 213.50 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 485.37 213.50 Td (Such ) Tj ET Q q 0 0 0 rg BT 503.72 213.50 Td (examinations ) Tj ET Q q 0 0 0 rg BT 548.73 213.50 Td (may ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 203.90 Td (result ) Tj ET Q q 0 0 0 rg BT 69.08 203.90 Td (in ) Tj ET Q q 0 0 0 rg BT 77.10 203.90 Td (future ) Tj ET Q q 0 0 0 rg BT 98.01 203.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 109.59 203.90 Td (and ) Tj ET Q q 0 0 0 rg BT 122.94 203.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 148.29 203.90 Td (assessments ) Tj ET Q q 0 0 0 rg BT 188.76 203.90 Td (by ) Tj ET Q q 0 0 0 rg BT 198.56 203.90 Td (these ) Tj ET Q q 0 0 0 rg BT 216.80 203.90 Td (taxing ) Tj ET Q q 0 0 0 rg BT 238.60 203.90 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 276.05 203.90 Td (W) Tj ET Q q 0 0 0 rg BT 282.96 203.90 Td (e ) Tj ET Q q 0 0 0 rg BT 288.31 203.90 Td (only ) Tj ET Q q 0 0 0 rg BT 304.34 203.90 Td (recognize ) Tj ET Q q 0 0 0 rg BT 337.23 203.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 348.81 203.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 375.94 203.90 Td (taken ) Tj ET Q q 0 0 0 rg BT 395.06 203.90 Td (on ) Tj ET Q q 0 0 0 rg BT 404.87 203.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 416.44 203.90 Td (returns ) Tj ET Q q 0 0 0 rg BT 440.46 203.90 Td (when ) Tj ET Q q 0 0 0 rg BT 459.60 203.90 Td (we ) Tj ET Q q 0 0 0 rg BT 470.73 203.90 Td (believe ) Tj ET Q q 0 0 0 rg BT 495.63 203.90 Td (they ) Tj ET Q q 0 0 0 rg BT 511.21 203.90 Td (are ) Tj ET Q q 0 0 0 rg BT 522.77 203.90 Td ("more ) Tj ET Q q 0 0 0 rg BT 544.28 203.90 Td (likely ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 194.30 Td (than ) Tj ET Q q 0 0 0 rg BT 65.41 194.30 Td (not" ) Tj ET Q q 0 0 0 rg BT 81.04 194.30 Td (of ) Tj ET Q q 0 0 0 rg BT 89.84 194.30 Td (being ) Tj ET Q q 0 0 0 rg BT 109.75 194.30 Td (sustained ) Tj ET Q q 0 0 0 rg BT 141.67 194.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 159.80 194.30 Td (examination ) Tj ET Q q 0 0 0 rg BT 201.49 194.30 Td (based ) Tj ET Q q 0 0 0 rg BT 221.84 194.30 Td (on ) Tj ET Q q 0 0 0 rg BT 231.98 194.30 Td (their ) Tj ET Q q 0 0 0 rg BT 248.78 194.30 Td (technical ) Tj ET Q q 0 0 0 rg BT 279.79 194.30 Td (merits. ) Tj ET Q q 0 0 0 rg BT 303.77 194.30 Td (There ) Tj ET Q q 0 0 0 rg BT 324.56 194.30 Td (is ) Tj ET Q q 0 0 0 rg BT 332.03 194.30 Td (considerable ) Tj ET Q q 0 0 0 rg BT 374.60 194.30 Td (judgment ) Tj ET Q q 0 0 0 rg BT 406.95 194.30 Td (involved ) Tj ET Q q 0 0 0 rg BT 437.09 194.30 Td (in ) Tj ET Q q 0 0 0 rg BT 445.45 194.30 Td (determining ) Tj ET Q q 0 0 0 rg BT 486.25 194.30 Td (whether ) Tj ET Q q 0 0 0 rg BT 514.15 194.30 Td (positions ) Tj ET Q q 0 0 0 rg BT 545.18 194.30 Td (taken ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 184.70 Td (on ) Tj ET Q q 0 0 0 rg BT 59.50 184.70 Td (the ) Tj ET Q q 0 0 0 rg BT 71.27 184.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 83.05 184.70 Td (return ) Tj ET Q q 0 0 0 rg BT 104.15 184.70 Td (are ) Tj ET Q q 0 0 0 rg BT 115.91 184.70 Td ("more ) Tj ET Q q 0 0 0 rg BT 137.62 184.70 Td (likely ) Tj ET Q q 0 0 0 rg BT 157.84 184.70 Td (than ) Tj ET Q q 0 0 0 rg BT 173.61 184.70 Td (not" ) Tj ET Q q 0 0 0 rg BT 189.10 184.70 Td (of ) Tj ET Q q 0 0 0 rg BT 197.76 184.70 Td (being ) Tj ET Q q 0 0 0 rg BT 217.54 184.70 Td (sustained.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 169.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 169.10 Td (e ) Tj ET Q q 0 0 0 rg BT 62.45 169.10 Td (recognize, ) Tj ET Q q 0 0 0 rg BT 98.04 169.10 Td (when ) Tj ET Q q 0 0 0 rg BT 117.86 169.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 155.22 169.10 Td (both ) Tj ET Q q 0 0 0 rg BT 171.93 169.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 199.29 169.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 225.33 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.38 169.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 270.30 169.10 Td (related ) Tj ET Q q 0 0 0 rg BT 294.55 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.27 169.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 348.85 169.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 376.67 169.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.38 169.10 Td (income ) Tj ET Q q 0 0 0 rg BT 411.42 169.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 423.69 169.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 451.95 169.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.66 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.93 169.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 522.07 169.10 Td (consolidated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 159.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 85.27 159.50 Td (of ) Tj ET Q q 0 0 0 rg BT 93.93 159.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 129.26 159.50 Td (and ) Tj ET Q q 0 0 0 rg BT 142.81 159.50 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 193.23 159.50 Td (income ) Tj ET Q q 0 0 0 rg BT 218.78 159.50 Td (/ ) Tj ET Q q 0 0 0 rg BT 223.00 159.50 Td (loss.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 140.90 Td (For) Tj ET Q q 0 0 0 rg BT 61.20 140.90 Td (eign ) Tj ET Q q 0 0 0 rg BT 76.98 140.90 Td (exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 125.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.55 125.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 94.48 125.30 Td (currency ) Tj ET Q q 0 0 0 rg BT 124.06 125.30 Td (is ) Tj ET Q q 0 0 0 rg BT 131.00 125.30 Td (the ) Tj ET Q q 0 0 0 rg BT 142.38 125.30 Td (dollar ) Tj ET Q q 0 0 0 rg BT 162.65 125.30 Td (but ) Tj ET Q q 0 0 0 rg BT 174.48 125.30 Td (a ) Tj ET Q q 0 0 0 rg BT 179.63 125.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 215.01 125.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 239.72 125.30 Td (of ) Tj ET Q q 0 0 0 rg BT 247.99 125.30 Td (our ) Tj ET Q q 0 0 0 rg BT 260.26 125.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 302.30 125.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 332.34 125.30 Td (and ) Tj ET Q q 0 0 0 rg BT 345.49 125.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 363.10 125.30 Td (are ) Tj ET Q q 0 0 0 rg BT 374.47 125.30 Td (in ) Tj ET Q q 0 0 0 rg BT 382.30 125.30 Td (other ) Tj ET Q q 0 0 0 rg BT 400.34 125.30 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 436.81 125.30 Td (including ) Tj ET Q q 0 0 0 rg BT 468.64 125.30 Td (programming ) Tj ET Q q 0 0 0 rg BT 513.79 125.30 Td (rights ) Tj ET Q q 0 0 0 rg BT 533.62 125.30 Td (expenses ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 115.70 Td (and ) Tj ET Q q 0 0 0 rg BT 63.13 115.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 88.76 115.70 Td (on ) Tj ET Q q 0 0 0 rg BT 98.84 115.70 Td (all ) Tj ET Q q 0 0 0 rg BT 108.91 115.70 Td (of ) Tj ET Q q 0 0 0 rg BT 117.66 115.70 Td (our ) Tj ET Q q 0 0 0 rg BT 130.40 115.70 Td (long-term ) Tj ET Q q 0 0 0 rg BT 164.03 115.70 Td (debt. ) Tj ET Q q 0 0 0 rg BT 181.88 115.70 Td (CME ) Tj ET Q q 0 0 0 rg BT 201.30 115.70 Td (Ltd.'s ) Tj ET Q q 0 0 0 rg BT 221.04 115.70 Td (income, ) Tj ET Q q 0 0 0 rg BT 248.67 115.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 279.63 115.70 Td (and ) Tj ET Q q 0 0 0 rg BT 293.26 115.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 309.55 115.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 329.41 115.70 Td (are ) Tj ET Q q 0 0 0 rg BT 341.26 115.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 373.11 115.70 Td (denominated ) Tj ET Q q 0 0 0 rg BT 416.51 115.70 Td (in ) Tj ET Q q 0 0 0 rg BT 424.81 115.70 Td (Euro. ) Tj ET Q q 0 0 0 rg BT 444.44 115.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 458.96 115.70 Td (other ) Tj ET Q q 0 0 0 rg BT 477.48 115.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 512.88 115.70 Td (have ) Tj ET Q q 0 0 0 rg BT 530.07 115.70 Td (functional ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 84.37 106.10 Td (other ) Tj ET Q q 0 0 0 rg BT 102.80 106.10 Td (than ) Tj ET Q q 0 0 0 rg BT 118.58 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.35 106.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 148.57 106.10 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 90.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 90.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.01 90.50 Td (record ) Tj ET Q q 0 0 0 rg BT 84.49 90.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 105.20 90.50 Td (and ) Tj ET Q q 0 0 0 rg BT 118.80 90.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 150.63 90.50 Td (denominated ) Tj ET Q q 0 0 0 rg BT 194.00 90.50 Td (in ) Tj ET Q q 0 0 0 rg BT 202.27 90.50 Td (a ) Tj ET Q q 0 0 0 rg BT 207.87 90.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 237.90 90.50 Td (other ) Tj ET Q q 0 0 0 rg BT 256.39 90.50 Td (than ) Tj ET Q q 0 0 0 rg BT 272.21 90.50 Td (our ) Tj ET Q q 0 0 0 rg BT 284.93 90.50 Td (functional ) Tj ET Q q 0 0 0 rg BT 319.41 90.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 349.44 90.50 Td (using ) Tj ET Q q 0 0 0 rg BT 368.83 90.50 Td (the ) Tj ET Q q 0 0 0 rg BT 380.65 90.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 412.90 90.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 426.94 90.50 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 461.42 90.50 Td (at ) Tj ET Q q 0 0 0 rg BT 469.25 90.50 Td (each ) Tj ET Q q 0 0 0 rg BT 485.95 90.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 512.42 90.50 Td (sheet ) Tj ET Q q 0 0 0 rg BT 530.91 90.50 Td (date, ) Tj ET Q q 0 0 0 rg BT 548.29 90.50 Td (with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 80.90 Td (any ) Tj ET Q q 0 0 0 rg BT 63.49 80.90 Td (change ) Tj ET Q q 0 0 0 rg BT 88.58 80.90 Td (in ) Tj ET Q q 0 0 0 rg BT 97.24 80.90 Td (value ) Tj ET Q q 0 0 0 rg BT 117.00 80.90 Td (between ) Tj ET Q q 0 0 0 rg BT 146.08 80.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 177.85 80.90 Td (periods ) Tj ET Q q 0 0 0 rg BT 203.83 80.90 Td (being ) Tj ET Q q 0 0 0 rg BT 224.04 80.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 261.57 80.90 Td (as ) Tj ET Q q 0 0 0 rg BT 270.67 80.90 Td (a ) Tj ET Q q 0 0 0 rg BT 276.66 80.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 314.19 80.90 Td (gain ) Tj ET Q q 0 0 0 rg BT 330.40 80.90 Td (or ) Tj ET Q q 0 0 0 rg BT 339.50 80.90 Td (loss ) Tj ET Q q 0 0 0 rg BT 354.39 80.90 Td (in ) Tj ET Q q 0 0 0 rg BT 363.05 80.90 Td (our ) Tj ET Q q 0 0 0 rg BT 376.15 80.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 419.02 80.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 455.22 80.90 Td (of ) Tj ET Q q 0 0 0 rg BT 464.32 80.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 500.08 80.90 Td (and ) Tj ET Q q 0 0 0 rg BT 514.07 80.90 Td (comprehensive ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 71.30 Td (income ) Tj ET Q q 0 0 0 rg BT 75.14 71.30 Td (/ ) Tj ET Q q 0 0 0 rg BT 79.45 71.30 Td (loss. ) Tj ET Q q 0 0 0 rg BT 95.84 71.30 Td (W) Tj ET Q q 0 0 0 rg BT 102.75 71.30 Td (e ) Tj ET Q q 0 0 0 rg BT 108.40 71.30 Td (are ) Tj ET Q q 0 0 0 rg BT 120.25 71.30 Td (exposed ) Tj ET Q q 0 0 0 rg BT 148.56 71.30 Td (to ) Tj ET Q q 0 0 0 rg BT 156.87 71.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 182.07 71.30 Td (currency ) Tj ET Q q 0 0 0 rg BT 212.14 71.30 Td (on ) Tj ET Q q 0 0 0 rg BT 222.23 71.30 Td (the ) Tj ET Q q 0 0 0 rg BT 234.10 71.30 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 272.17 71.30 Td (of ) Tj ET Q q 0 0 0 rg BT 280.93 71.30 Td (monetary ) Tj ET Q q 0 0 0 rg BT 313.23 71.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 333.99 71.30 Td (and ) Tj ET Q q 0 0 0 rg BT 347.63 71.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 379.50 71.30 Td (denominated ) Tj ET Q q 0 0 0 rg BT 422.91 71.30 Td (in ) Tj ET Q q 0 0 0 rg BT 431.22 71.30 Td (currencies ) Tj ET Q q 0 0 0 rg BT 466.18 71.30 Td (other ) Tj ET Q q 0 0 0 rg BT 484.71 71.30 Td (than ) Tj ET Q q 0 0 0 rg BT 500.58 71.30 Td (the ) Tj ET Q q 0 0 0 rg BT 512.44 71.30 Td (local ) Tj ET Q q 0 0 0 rg BT 530.08 71.30 Td (functional ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 61.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 79.90 61.70 Td (of ) Tj ET Q q 0 0 0 rg BT 88.98 61.70 Td (the ) Tj ET Q q 0 0 0 rg BT 101.17 61.70 Td (relevant ) Tj ET Q q 0 0 0 rg BT 129.36 61.70 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 161.72 61.70 Td (. ) Tj ET Q q 0 0 0 rg BT 165.97 61.70 Td (This ) Tj ET Q q 0 0 0 rg BT 182.61 61.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 211.69 61.70 Td (third ) Tj ET Q q 0 0 0 rg BT 229.22 61.70 Td (party ) Tj ET Q q 0 0 0 rg BT 248.07 61.70 Td (receivables ) Tj ET Q q 0 0 0 rg BT 286.47 61.70 Td (and ) Tj ET Q q 0 0 0 rg BT 300.44 61.70 Td (payables, ) Tj ET Q q 0 0 0 rg BT 332.84 61.70 Td (as ) Tj ET Q q 0 0 0 rg BT 341.93 61.70 Td (well ) Tj ET Q q 0 0 0 rg BT 358.12 61.70 Td (as ) Tj ET Q q 0 0 0 rg BT 367.20 61.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 391.38 61.70 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 437.79 61.70 Td (loans, ) Tj ET Q q 0 0 0 rg BT 459.09 61.70 Td (which ) Tj ET Q q 0 0 0 rg BT 481.06 61.70 Td (are ) Tj ET Q q 0 0 0 rg BT 493.25 61.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 525.43 61.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 556.28 61.70 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 52.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 84.37 52.10 Td (other ) Tj ET Q q 0 0 0 rg BT 102.80 52.10 Td (than ) Tj ET Q q 0 0 0 rg BT 118.58 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.35 52.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 148.57 52.10 Td (.) Tj ET Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (Certain ) Tj ET Q q 0 0 0 rg BT 74.90 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 83.43 723.50 Td (our ) Tj ET Q q 0 0 0 rg BT 95.95 723.50 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 141.79 723.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 160.53 723.50 Td (are ) Tj ET Q q 0 0 0 rg BT 172.16 723.50 Td (considered ) Tj ET Q q 0 0 0 rg BT 208.67 723.50 Td (to ) Tj ET Q q 0 0 0 rg BT 216.75 723.50 Td (be ) Tj ET Q q 0 0 0 rg BT 226.15 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 234.68 723.50 Td (a ) Tj ET Q q 0 0 0 rg BT 240.08 723.50 Td (long-term ) Tj ET Q q 0 0 0 rg BT 273.49 723.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 310.45 723.50 Td (nature ) Tj ET Q q 0 0 0 rg BT 332.30 723.50 Td (as ) Tj ET Q q 0 0 0 rg BT 340.82 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 352.45 723.50 Td (repayment ) Tj ET Q q 0 0 0 rg BT 388.07 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 396.59 723.50 Td (these ) Tj ET Q q 0 0 0 rg BT 414.88 723.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 433.63 723.50 Td (is ) Tj ET Q q 0 0 0 rg BT 440.82 723.50 Td (neither ) Tj ET Q q 0 0 0 rg BT 464.89 723.50 Td (planned ) Tj ET Q q 0 0 0 rg BT 492.07 723.50 Td (nor ) Tj ET Q q 0 0 0 rg BT 504.59 723.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 541.54 723.50 Td (for ) Tj ET Q q 0 0 0 rg BT 552.73 723.50 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 713.90 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 88.20 713.90 Td (future. ) Tj ET Q q 0 0 0 rg BT 111.58 713.90 Td (For ) Tj ET Q q 0 0 0 rg BT 124.97 713.90 Td (the ) Tj ET Q q 0 0 0 rg BT 137.02 713.90 Td (years ) Tj ET Q q 0 0 0 rg BT 156.18 713.90 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 177.56 713.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 224.70 713.90 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.70 713.90 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.98 713.90 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.98 713.90 Td ( ) Tj ET Q q 0 0 0 rg BT 263.26 713.90 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.09 713.90 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.09 713.90 Td (, ) Tj ET Q q 0 0 0 rg BT 297.37 713.90 Td (we ) Tj ET Q q 0 0 0 rg BT 308.97 713.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 339.23 713.90 Td (a ) Tj ET Q q 0 0 0 rg BT 345.06 713.90 Td (loss ) Tj ET Q q 0 0 0 rg BT 359.79 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 368.73 713.90 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.24 713.90 Td (1.1million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.35 713.90 Td ( ) Tj ET Q q 0 0 0 rg BT 422.63 713.90 Td (and ) Tj ET Q q 0 0 0 rg BT 436.46 713.90 Td (gains ) Tj ET Q q 0 0 0 rg BT 455.62 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 464.56 713.90 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.07 713.90 Td (1) Tj ET Q q 0 0 0 rg BT 484.77 713.90 Td (1.3million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.88 713.90 Td ( ) Tj ET Q q 0 0 0 rg BT 522.16 713.90 Td (and ) Tj ET Q q 0 0 0 rg BT 535.99 713.90 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.50 713.90 Td (8.8 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 704.30 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.61 704.30 Td (, ) Tj ET Q q 0 0 0 rg BT 77.43 704.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 115.56 704.30 Td (, ) Tj ET Q q 0 0 0 rg BT 120.38 704.30 Td (on ) Tj ET Q q 0 0 0 rg BT 131.20 704.30 Td (the ) Tj ET Q q 0 0 0 rg BT 143.80 704.30 Td (retranslation ) Tj ET Q q 0 0 0 rg BT 186.60 704.30 Td (of ) Tj ET Q q 0 0 0 rg BT 196.09 704.30 Td (these ) Tj ET Q q 0 0 0 rg BT 215.34 704.30 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 262.15 704.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 281.86 704.30 Td (as ) Tj ET Q q 0 0 0 rg BT 291.34 704.30 Td (an ) Tj ET Q q 0 0 0 rg BT 301.71 704.30 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 339.64 704.30 Td (to ) Tj ET Q q 0 0 0 rg BT 348.68 704.30 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 391.92 704.30 Td (other ) Tj ET Q q 0 0 0 rg BT 411.18 704.30 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 462.43 704.30 Td (income ) Tj ET Q q 0 0 0 rg BT 488.79 704.30 Td (/ ) Tj ET Q q 0 0 0 rg BT 493.84 704.30 Td (loss, ) Tj ET Q q 0 0 0 rg BT 511.11 704.30 Td (a ) Tj ET Q q 0 0 0 rg BT 517.48 704.30 Td (component ) Tj ET Q q 0 0 0 rg BT 555.84 704.30 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 694.70 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 93.37 694.70 Td (equity) Tj ET Q q 0 0 0 rg BT 112.85 694.70 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 679.10 Td (The ) Tj ET Q q 0 0 0 rg BT 63.66 679.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 93.36 679.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 128.85 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.24 679.10 Td (our ) Tj ET Q q 0 0 0 rg BT 149.62 679.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 184.67 679.10 Td (are ) Tj ET Q q 0 0 0 rg BT 196.15 679.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 228.97 679.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.92 679.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 260.41 679.10 Td (at ) Tj ET Q q 0 0 0 rg BT 267.90 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.40 679.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 311.32 679.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 328.14 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.09 679.10 Td (ef) Tj ET Q q 0 0 0 rg BT 342.16 679.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 355.87 679.10 Td (at ) Tj ET Q q 0 0 0 rg BT 363.36 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.86 679.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 401.00 679.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 419.16 679.10 Td (date ) Tj ET Q q 0 0 0 rg BT 434.21 679.10 Td (for ) Tj ET Q q 0 0 0 rg BT 445.25 679.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 465.64 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.91 679.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 512.40 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.68 679.10 Td (at ) Tj ET Q q 0 0 0 rg BT 533.17 679.10 Td (weighted ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 669.50 Td (average ) Tj ET Q q 0 0 0 rg BT 76.71 669.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 94.15 669.50 Td (for ) Tj ET Q q 0 0 0 rg BT 105.81 669.50 Td (the ) Tj ET Q q 0 0 0 rg BT 117.93 669.50 Td (period ) Tj ET Q q 0 0 0 rg BT 140.70 669.50 Td (for ) Tj ET Q q 0 0 0 rg BT 152.37 669.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 183.14 669.50 Td (and ) Tj ET Q q 0 0 0 rg BT 197.03 669.50 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 230.25 669.50 Td (including ) Tj ET Q q 0 0 0 rg BT 262.80 669.50 Td (gains ) Tj ET Q q 0 0 0 rg BT 282.03 669.50 Td (and ) Tj ET Q q 0 0 0 rg BT 295.92 669.50 Td (losses. ) Tj ET Q q 0 0 0 rg BT 319.20 669.50 Td (T) Tj ET Q q 0 0 0 rg BT 323.81 669.50 Td (ranslational ) Tj ET Q q 0 0 0 rg BT 363.47 669.50 Td (gains ) Tj ET Q q 0 0 0 rg BT 382.69 669.50 Td (and ) Tj ET Q q 0 0 0 rg BT 396.58 669.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 418.03 669.50 Td (are ) Tj ET Q q 0 0 0 rg BT 430.14 669.50 Td (char) Tj ET Q q 0 0 0 rg BT 443.76 669.50 Td (ged ) Tj ET Q q 0 0 0 rg BT 457.65 669.50 Td (or ) Tj ET Q q 0 0 0 rg BT 466.65 669.50 Td (credited ) Tj ET Q q 0 0 0 rg BT 494.75 669.50 Td (to ) Tj ET Q q 0 0 0 rg BT 503.31 669.50 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 546.07 669.50 Td (other ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 659.90 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 99.93 659.90 Td (income ) Tj ET Q q 0 0 0 rg BT 125.47 659.90 Td (/ ) Tj ET Q q 0 0 0 rg BT 129.70 659.90 Td (loss.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 644.30 Td (Determination ) Tj ET Q q 0 0 0 rg BT 97.58 644.30 Td (of ) Tj ET Q q 0 0 0 rg BT 106.13 644.30 Td (the ) Tj ET Q q 0 0 0 rg BT 117.78 644.30 Td (functional ) Tj ET Q q 0 0 0 rg BT 152.09 644.30 Td (currency ) Tj ET Q q 0 0 0 rg BT 181.94 644.30 Td (of ) Tj ET Q q 0 0 0 rg BT 190.48 644.30 Td (an ) Tj ET Q q 0 0 0 rg BT 199.91 644.30 Td (entity ) Tj ET Q q 0 0 0 rg BT 220.01 644.30 Td (requires ) Tj ET Q q 0 0 0 rg BT 247.65 644.30 Td (considerable ) Tj ET Q q 0 0 0 rg BT 289.95 644.30 Td (management ) Tj ET Q q 0 0 0 rg BT 332.70 644.30 Td (judgment. ) Tj ET Q q 0 0 0 rg BT 366.66 644.30 Td (This ) Tj ET Q q 0 0 0 rg BT 382.76 644.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 411.30 644.30 Td (our ) Tj ET Q q 0 0 0 rg BT 423.84 644.30 Td (assessment ) Tj ET Q q 0 0 0 rg BT 461.27 644.30 Td (of ) Tj ET Q q 0 0 0 rg BT 469.81 644.30 Td (a ) Tj ET Q q 0 0 0 rg BT 475.24 644.30 Td (series ) Tj ET Q q 0 0 0 rg BT 495.33 644.30 Td (of ) Tj 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Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td (Contingencies) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 552.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 552.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.31 552.50 Td (are, ) Tj ET Q q 0 0 0 rg BT 76.43 552.50 Td (from ) Tj ET Q q 0 0 0 rg BT 94.33 552.50 Td (time ) Tj ET Q q 0 0 0 rg BT 110.91 552.50 Td (to ) Tj ET Q q 0 0 0 rg BT 119.48 552.50 Td (time, ) Tj ET Q q 0 0 0 rg BT 138.05 552.50 Td (involved ) Tj ET Q q 0 0 0 rg BT 168.40 552.50 Td (in ) Tj ET Q q 0 0 0 rg BT 176.98 552.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 201.09 552.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 218.99 552.50 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 260.00 552.50 Td (and, ) Tj ET Q q 0 0 0 rg BT 275.90 552.50 Td (as ) Tj ET Q q 0 0 0 rg BT 284.92 552.50 Td (required, ) Tj ET Q q 0 0 0 rg BT 315.92 552.50 Td (accrue ) Tj ET Q q 0 0 0 rg BT 339.14 552.50 Td (our ) Tj ET Q q 0 0 0 rg BT 352.16 552.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 381.17 552.50 Td (of ) Tj ET Q q 0 0 0 rg BT 390.18 552.50 Td (the ) Tj ET Q q 0 0 0 rg BT 402.31 552.50 Td (probable ) Tj ET Q q 0 0 0 rg BT 432.65 552.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 451.00 552.50 Td (for ) Tj ET Q q 0 0 0 rg BT 462.68 552.50 Td (the ) Tj ET Q q 0 0 0 rg BT 474.81 552.50 Td (resolution ) Tj ET Q q 0 0 0 rg BT 509.16 552.50 Td (for ) Tj ET Q q 0 0 0 rg BT 520.84 552.50 Td (these ) Tj ET Q q 0 0 0 rg BT 539.63 552.50 Td (claims. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 542.90 Td (These ) Tj ET Q q 0 0 0 rg BT 70.98 542.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 103.13 542.90 Td (are ) Tj ET Q q 0 0 0 rg BT 115.27 542.90 Td (developed ) Tj ET Q q 0 0 0 rg BT 150.52 542.90 Td (in ) Tj ET Q q 0 0 0 rg BT 159.12 542.90 Td (consultation ) Tj ET Q q 0 0 0 rg BT 200.61 542.90 Td (with ) Tj ET Q q 0 0 0 rg BT 217.21 542.90 Td (legal ) Tj ET Q q 0 0 0 rg BT 235.13 542.90 Td (counsel ) Tj ET Q q 0 0 0 rg BT 261.95 542.90 Td (and ) Tj ET Q q 0 0 0 rg BT 275.88 542.90 Td (are ) Tj ET Q q 0 0 0 rg BT 288.02 542.90 Td (based ) Tj ET Q q 0 0 0 rg BT 308.61 542.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 326.99 542.90 Td (an ) Tj ET Q q 0 0 0 rg BT 336.92 542.90 Td (analysis ) Tj ET Q q 0 0 0 rg BT 365.07 542.90 Td (of ) Tj ET Q q 0 0 0 rg BT 374.11 542.90 Td (potential ) Tj ET Q q 0 0 0 rg BT 404.48 542.90 Td (results, ) Tj ET Q q 0 0 0 rg BT 429.75 542.90 Td (assuming ) Tj ET Q q 0 0 0 rg BT 462.35 542.90 Td (a ) Tj ET Q q 0 0 0 rg BT 468.28 542.90 Td (combination ) Tj ET Q q 0 0 0 rg BT 510.65 542.90 Td (of ) Tj ET Q q 0 0 0 rg BT 519.69 542.90 Td (litigation ) Tj ET Q q 0 0 0 rg BT 550.95 542.90 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 533.30 Td (settlement ) Tj ET Q q 0 0 0 rg BT 84.24 533.30 Td (strategies. ) Tj ET Q q 0 0 0 rg BT 118.31 533.30 Td (It ) Tj ET Q q 0 0 0 rg BT 125.05 533.30 Td (is ) Tj ET Q q 0 0 0 rg BT 132.25 533.30 Td (possible, ) Tj ET Q q 0 0 0 rg BT 162.33 533.30 Td (however) Tj ET Q q 0 0 0 rg BT 189.55 533.30 Td (, ) Tj ET Q q 0 0 0 rg BT 193.41 533.30 Td (that ) Tj ET Q q 0 0 0 rg BT 207.26 533.30 Td (future ) Tj ET Q q 0 0 0 rg BT 228.22 533.30 Td (results ) Tj ET Q q 0 0 0 rg BT 250.97 533.30 Td (of ) Tj ET Q q 0 0 0 rg BT 259.49 533.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 294.67 533.30 Td (for ) Tj ET Q q 0 0 0 rg BT 305.86 533.30 Td (any ) Tj ET Q q 0 0 0 rg BT 319.27 533.30 Td (particular ) Tj ET Q q 0 0 0 rg BT 351.78 533.30 Td (period ) Tj ET Q q 0 0 0 rg BT 374.07 533.30 Td (could ) Tj ET Q q 0 0 0 rg BT 393.70 533.30 Td (be ) Tj ET Q q 0 0 0 rg BT 403.11 533.30 Td (materially ) Tj ET Q q 0 0 0 rg BT 437.40 533.30 Td (af) Tj ET Q q 0 0 0 rg BT 443.47 533.30 Td (fected ) Tj ET Q q 0 0 0 rg BT 464.87 533.30 Td (by ) Tj ET Q q 0 0 0 rg BT 474.73 533.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 502.35 533.30 Td (in ) Tj ET Q q 0 0 0 rg BT 510.43 533.30 Td (our ) Tj ET Q q 0 0 0 rg BT 522.95 533.30 Td (assumptions ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 523.70 Td (or ) Tj ET Q q 0 0 0 rg BT 58.25 523.70 Td (the ) Tj ET Q q 0 0 0 rg BT 70.10 523.70 Td (ef) Tj ET Q q 0 0 0 rg BT 76.17 523.70 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 113.79 523.70 Td (of ) Tj ET Q q 0 0 0 rg BT 122.54 523.70 Td (our ) Tj ET Q q 0 0 0 rg BT 135.29 523.70 Td (strategies ) Tj ET Q q 0 0 0 rg BT 167.58 523.70 Td (related ) Tj ET Q q 0 0 0 rg BT 191.42 523.70 Td (to ) Tj ET Q q 0 0 0 rg BT 199.73 523.70 Td (these ) Tj ET Q q 0 0 0 rg BT 218.25 523.70 Td (proceedings. ) Tj ET Q q 0 0 0 rg BT 260.98 523.70 Td (See ) Tj ET Q q 0 0 0 rg BT 274.61 523.70 Td (Item ) Tj ET Q q 0 0 0 rg BT 291.36 523.70 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.44 523.70 Td (Note ) Tj ET Q q 0 0 0 rg BT 317.07 523.70 Td (21, ) Tj ET Q q 0 0 0 rg BT 329.15 523.70 Td ("Commitments ) Tj ET Q q 0 0 0 rg BT 379.84 523.70 Td (and ) Tj ET Q q 0 0 0 rg BT 393.47 523.70 Td (Contingencies") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.50 523.70 Td ( ) Tj ET Q q 0 0 0 rg BT 444.59 523.70 Td (for ) Tj ET Q q 0 0 0 rg BT 456.00 523.70 Td (more ) Tj ET Q q 0 0 0 rg BT 474.52 523.70 Td (detailed ) Tj ET Q q 0 0 0 rg BT 501.92 523.70 Td (information ) Tj ET Q q 0 0 0 rg BT 541.77 523.70 Td (on ) Tj ET Q q 0 0 0 rg BT 551.85 523.70 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 80.39 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.94 514.10 Td (other ) Tj ET Q q 0 0 0 rg BT 112.38 514.10 Td (contingencies.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 495.50 Td (Recent ) Tj ET Q q 0 0 0 rg BT 73.12 495.50 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 111.55 495.50 Td (Pr) Tj ET Q q 0 0 0 rg BT 119.25 495.50 Td (onouncements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 479.90 Td (See ) Tj ET Q q 0 0 0 rg BT 62.86 479.90 Td (Item ) Tj ET Q q 0 0 0 rg BT 79.33 479.90 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.14 479.90 Td (Note ) Tj ET Q q 0 0 0 rg BT 104.50 479.90 Td (2, ) Tj ET Q q 0 0 0 rg BT 112.31 479.90 Td ("Basis ) Tj ET Q q 0 0 0 rg BT 134.73 479.90 Td (of ) Tj ET Q q 0 0 0 rg BT 143.20 479.90 Td (Presentation ) Tj ET Q q 0 0 0 rg BT 184.56 479.90 Td (and ) Tj ET Q q 0 0 0 rg BT 197.92 479.90 Td (Summary ) Tj ET Q q 0 0 0 rg BT 230.84 479.90 Td (of ) Tj ET Q q 0 0 0 rg BT 239.31 479.90 Td (Significant ) Tj ET Q q 0 0 0 rg BT 275.83 479.90 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 314.97 479.90 Td (Policies") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.56 479.90 Td ( ) Tj ET Q q 0 0 0 rg BT 345.37 479.90 Td (for ) Tj ET Q q 0 0 0 rg BT 356.51 479.90 Td (a ) Tj ET Q q 0 0 0 rg BT 361.87 479.90 Td (discussion ) Tj ET Q q 0 0 0 rg BT 397.02 479.90 Td (of ) Tj ET Q q 0 0 0 rg BT 405.50 479.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 442.40 479.90 Td (standards ) Tj ET Q q 0 0 0 rg BT 474.43 479.90 Td (adopted ) Tj ET Q q 0 0 0 rg BT 501.56 479.90 Td (and ) Tj ET Q q 0 0 0 rg BT 514.92 479.90 Td (recently ) Tj ET Q q 0 0 0 rg BT 542.50 479.90 Td (issued ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 470.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 86.60 470.30 Td (standards ) Tj ET Q q 0 0 0 rg BT 118.81 470.30 Td (not ) Tj ET Q q 0 0 0 rg BT 131.04 470.30 Td (yet ) Tj ET Q q 0 0 0 rg BT 142.81 470.30 Td (adopted.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 448.70 Td (V) Tj ET Q q 0 0 0 rg BT 54.25 448.70 Td (. ) Tj ET Q q 0 0 0 rg BT 76.50 448.70 Td (Related ) Tj ET Q q 0 0 0 rg BT 104.71 448.70 Td (Party ) Tj ET Q q 0 0 0 rg BT 125.82 448.70 Td (Matters) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 433.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 433.10 Td (e ) Tj ET Q q 0 0 0 rg BT 62.00 433.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 91.15 433.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.86 433.10 Td (related ) Tj ET Q q 0 0 0 rg BT 127.66 433.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 151.03 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.30 433.10 Td (be ) Tj ET Q q 0 0 0 rg BT 168.89 433.10 Td (our ) Tj ET Q q 0 0 0 rg BT 181.60 433.10 Td (of) Tj ET Q q 0 0 0 rg BT 188.12 433.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 209.93 433.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 239.96 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.56 433.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 296.03 433.10 Td (who ) Tj ET Q q 0 0 0 rg BT 311.85 433.10 Td (have ) Tj ET Q q 0 0 0 rg BT 329.00 433.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 349.25 433.10 Td (control ) Tj ET Q q 0 0 0 rg BT 373.96 433.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 396.44 433.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 428.24 433.10 Td (over ) Tj ET Q q 0 0 0 rg BT 444.50 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.32 433.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 489.47 433.10 Td (as ) Tj ET Q q 0 0 0 rg BT 498.18 433.10 Td (well ) Tj ET Q q 0 0 0 rg BT 514.00 433.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.71 433.10 Td (other ) Tj ET Q q 0 0 0 rg BT 541.19 433.10 Td (parties ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 423.50 Td (that ) Tj ET Q q 0 0 0 rg BT 63.80 423.50 Td (can ) Tj ET Q q 0 0 0 rg BT 77.20 423.50 Td (significantly ) Tj ET Q q 0 0 0 rg BT 119.50 423.50 Td (influence ) Tj ET Q q 0 0 0 rg BT 151.56 423.50 Td (management. ) Tj ET Q q 0 0 0 rg BT 196.23 423.50 Td (As ) Tj ET Q q 0 0 0 rg BT 207.42 423.50 Td (stated ) Tj ET Q q 0 0 0 rg BT 228.38 423.50 Td (in ) Tj ET Q q 0 0 0 rg BT 236.91 423.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 268.47 423.50 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 308.10 423.50 Td (Standards ) Tj ET Q q 0 0 0 rg BT 341.95 423.50 Td (Board ) Tj ET Q q 0 0 0 rg BT 363.30 423.50 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 402.93 423.50 Td (Standards ) Tj ET Q q 0 0 0 rg BT 436.78 423.50 Td (Codification ) Tj ET Q q 0 0 0 rg BT 478.91 423.50 Td (T) Tj ET Q q 0 0 0 rg BT 483.24 423.50 Td (opic ) Tj ET Q q 0 0 0 rg BT 499.31 423.50 Td (850, ) Tj ET Q q 0 0 0 rg BT 515.62 423.50 Td ("Related ) Tj ET Q q 0 0 0 rg BT 545.62 423.50 Td (Party ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 413.90 Td (Disclosures") Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 90.09 413.90 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 94.93 413.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 135.98 413.90 Td (involving ) Tj ET Q q 0 0 0 rg BT 169.48 413.90 Td (related ) Tj ET Q q 0 0 0 rg BT 194.08 413.90 Td (parties ) Tj ET Q q 0 0 0 rg BT 218.24 413.90 Td (cannot ) Tj ET Q q 0 0 0 rg BT 242.40 413.90 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 280.77 413.90 Td (be ) Tj ET Q q 0 0 0 rg BT 291.16 413.90 Td (presumed ) Tj ET Q q 0 0 0 rg BT 325.10 413.90 Td (to ) Tj ET Q q 0 0 0 rg BT 334.16 413.90 Td (be ) Tj ET Q q 0 0 0 rg BT 344.54 413.90 Td (carried ) Tj ET Q q 0 0 0 rg BT 369.58 413.90 Td (out ) Tj ET Q q 0 0 0 rg BT 382.64 413.90 Td (on ) Tj ET Q q 0 0 0 rg BT 393.48 413.90 Td (an ) Tj ET Q q 0 0 0 rg BT 403.86 413.90 Td (arm's-length ) Tj ET Q q 0 0 0 rg BT 446.35 413.90 Td (basis, ) Tj ET Q q 0 0 0 rg BT 467.19 413.90 Td (as ) Tj ET Q q 0 0 0 rg BT 476.69 413.90 Td (the ) Tj ET Q q 0 0 0 rg BT 489.30 413.90 Td (requisite ) Tj ET Q q 0 0 0 rg BT 519.68 413.90 Td (conditions ) Tj ET Q q 0 0 0 rg BT 555.85 413.90 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 404.30 Td (competitive, ) Tj ET Q q 0 0 0 rg BT 91.25 404.30 Td (free-market ) Tj ET Q q 0 0 0 rg BT 130.55 404.30 Td (dealings ) Tj ET Q q 0 0 0 rg BT 159.20 404.30 Td (may ) Tj ET Q q 0 0 0 rg BT 174.96 404.30 Td (not ) Tj ET Q q 0 0 0 rg BT 187.17 404.30 Td (exist. ) Tj ET Q q 0 0 0 rg BT 206.13 404.30 Td (W) Tj ET Q q 0 0 0 rg BT 213.04 404.30 Td (e ) Tj ET Q q 0 0 0 rg BT 218.58 404.30 Td (have ) Tj ET Q q 0 0 0 rg BT 235.67 404.30 Td (entered ) Tj ET Q q 0 0 0 rg BT 261.20 404.30 Td (into ) Tj ET Q q 0 0 0 rg BT 275.63 404.30 Td (related ) Tj ET Q q 0 0 0 rg BT 299.38 404.30 Td (party ) Tj ET Q q 0 0 0 rg BT 317.81 404.30 Td (transactions ) Tj ET Q q 0 0 0 rg BT 358.01 404.30 Td (in ) Tj ET Q q 0 0 0 rg BT 366.22 404.30 Td (all ) Tj ET Q q 0 0 0 rg BT 376.21 404.30 Td (of ) Tj ET Q q 0 0 0 rg BT 384.86 404.30 Td (our ) Tj ET Q q 0 0 0 rg BT 397.51 404.30 Td (markets, ) Tj ET Q q 0 0 0 rg BT 426.83 404.30 Td (mainly ) Tj ET Q q 0 0 0 rg BT 451.04 404.30 Td (for ) Tj ET Q q 0 0 0 rg BT 462.35 404.30 Td (the ) Tj ET Q q 0 0 0 rg BT 474.12 404.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 504.53 404.30 Td (of ) Tj ET Q q 0 0 0 rg BT 513.19 404.30 Td (program ) Tj ET Q q 0 0 0 rg BT 542.28 404.30 Td (rights. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 394.70 Td (In ) Tj ET Q q 0 0 0 rg BT 58.61 394.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 89.10 394.70 Td (W) Tj ET Q q 0 0 0 rg BT 96.01 394.70 Td (arner ) Tj ET Q q 0 0 0 rg BT 114.88 394.70 Td (Media ) Tj ET Q q 0 0 0 rg BT 137.76 394.70 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 174.41 394.70 Td (100% ) Tj ET Q q 0 0 0 rg BT 195.52 394.70 Td (of ) Tj ET Q q 0 0 0 rg BT 204.63 394.70 Td (our ) Tj ET Q q 0 0 0 rg BT 217.74 394.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 257.52 394.70 Td (senior ) Tj ET Q q 0 0 0 rg BT 279.51 394.70 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 323.28 394.70 Td (and ) Tj ET Q q 0 0 0 rg BT 337.28 394.70 Td (is ) Tj ET Q q 0 0 0 rg BT 345.06 394.70 Td (the ) Tj ET Q q 0 0 0 rg BT 357.28 394.70 Td (lender ) Tj ET Q q 0 0 0 rg BT 379.71 394.70 Td (under ) Tj ET Q q 0 0 0 rg BT 400.37 394.70 Td (the ) Tj ET Q q 0 0 0 rg BT 412.59 394.70 Td (2023 ) Tj ET Q q 0 0 0 rg BT 431.04 394.70 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 466.82 394.70 Td (Credit ) Tj ET Q q 0 0 0 rg BT 489.26 394.70 Td (Facility) Tj ET Q q 0 0 0 rg BT 513.18 394.70 Td (. ) Tj ET Q q 0 0 0 rg BT 517.62 394.70 Td (For ) Tj ET Q q 0 0 0 rg BT 531.18 394.70 Td (a ) Tj ET Q q 0 0 0 rg BT 537.18 394.70 Td (detailed ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 385.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 84.83 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.50 385.10 Td (all ) Tj ET Q q 0 0 0 rg BT 103.49 385.10 Td (such ) Tj ET Q q 0 0 0 rg BT 120.15 385.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 162.36 385.10 Td (see ) Tj ET Q q 0 0 0 rg BT 174.57 385.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 191.23 385.10 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.23 385.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 216.78 385.10 Td (22, ) Tj ET Q q 0 0 0 rg BT 228.78 385.10 Td ("Related ) Tj ET Q q 0 0 0 rg BT 258.47 385.10 Td (Party ) Tj ET Q q 0 0 0 rg BT 277.21 385.10 Td (T) Tj ET Q q 0 0 0 rg BT 281.82 385.10 Td (ransactions") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.07 385.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.07 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.62 385.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 351.51 385.10 Td (III, ) Tj ET Q q 0 0 0 rg BT 363.50 385.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 380.15 385.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 392.15 385.10 Td ("Certain ) Tj ET Q q 0 0 0 rg BT 420.96 385.10 Td (Relationships ) Tj ET Q q 0 0 0 rg BT 466.52 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.06 385.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 506.35 385.10 Td (T) Tj ET Q q 0 0 0 rg BT 510.96 385.10 Td (ransactions, ) Tj ET Q q 0 0 0 rg BT 550.94 385.10 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 375.50 Td (Director ) Tj ET Q q 0 0 0 rg BT 78.15 375.50 Td (Independence".) Tj ET Q endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (38) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (ITEM 7A. ) Tj ET Q q 0 0 0 rg BT 94.50 723.60 Td (QUANTIT) Tj ET Q q 0 0 0 rg BT 131.25 723.60 Td (A) Tj ET Q q 0 0 0 rg BT 136.43 723.60 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 157.55 723.60 Td (AND QUALIT) Tj ET Q q 0 0 0 rg BT 207.85 723.60 Td (A) Tj ET Q q 0 0 0 rg BT 213.04 723.60 Td (TIVE DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 292.62 723.60 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 320.93 723.60 Td ( MARKET) Tj ET Q q 0 0 0 rg BT 358.78 723.60 Td ( RISK) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 708.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.30 708.00 Td (engage ) Tj ET Q q 0 0 0 rg BT 87.30 708.00 Td (in ) Tj ET Q q 0 0 0 rg BT 95.86 708.00 Td (activities ) Tj ET Q q 0 0 0 rg BT 127.08 708.00 Td (that ) Tj ET Q q 0 0 0 rg BT 141.42 708.00 Td (expose ) Tj ET Q q 0 0 0 rg BT 165.98 708.00 Td (us ) Tj ET Q q 0 0 0 rg BT 175.43 708.00 Td (to ) Tj ET Q q 0 0 0 rg BT 184.00 708.00 Td (various ) Tj ET Q q 0 0 0 rg BT 209.89 708.00 Td (market ) Tj ET Q q 0 0 0 rg BT 234.44 708.00 Td (risks, ) Tj ET Q q 0 0 0 rg BT 253.90 708.00 Td (including ) Tj ET Q q 0 0 0 rg BT 286.46 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 298.57 708.00 Td (ef) Tj ET Q q 0 0 0 rg BT 304.64 708.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 318.97 708.00 Td (of ) Tj ET Q q 0 0 0 rg BT 327.98 708.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 356.09 708.00 Td (in ) Tj ET Q q 0 0 0 rg BT 364.65 708.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 390.09 708.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 420.42 708.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 452.96 708.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 470.40 708.00 Td (and ) Tj ET Q q 0 0 0 rg BT 484.30 708.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 510.19 708.00 Td (rates.) Tj ET Q q 0 0 0 rg BT 529.14 708.00 Td (W) Tj ET Q q 0 0 0 rg BT 536.05 708.00 Td (e ) Tj ET Q q 0 0 0 rg BT 541.95 708.00 Td (do ) Tj ET Q q 0 0 0 rg BT 552.29 708.00 Td (not ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.40 Td (engage ) Tj ET Q q 0 0 0 rg BT 73.41 698.40 Td (in ) Tj ET Q q 0 0 0 rg BT 80.88 698.40 Td (speculative ) Tj ET Q q 0 0 0 rg BT 118.12 698.40 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 159.59 698.40 Td (nor ) Tj ET Q q 0 0 0 rg BT 171.51 698.40 Td (do ) Tj ET Q q 0 0 0 rg BT 180.76 698.40 Td (we ) Tj ET Q q 0 0 0 rg BT 191.35 698.40 Td (hold ) Tj ET Q q 0 0 0 rg BT 206.82 698.40 Td (or ) Tj ET Q q 0 0 0 rg BT 214.74 698.40 Td (issue ) Tj ET Q q 0 0 0 rg BT 232.00 698.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 261.24 698.40 Td (instruments ) Tj ET Q q 0 0 0 rg BT 299.82 698.40 Td (for ) Tj ET Q q 0 0 0 rg BT 310.41 698.40 Td (trading ) Tj ET Q q 0 0 0 rg BT 334.32 698.40 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 365.93 698.40 Td (The ) Tj ET Q q 0 0 0 rg BT 379.62 698.40 Td (table ) Tj ET Q q 0 0 0 rg BT 396.42 698.40 Td (below ) Tj ET Q q 0 0 0 rg BT 417.23 698.40 Td (sets ) Tj ET Q q 0 0 0 rg BT 430.48 698.40 Td (forth ) Tj ET Q q 0 0 0 rg BT 447.29 698.40 Td (our ) Tj ET Q q 0 0 0 rg BT 459.21 698.40 Td (market ) Tj ET Q q 0 0 0 rg BT 482.67 698.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 495.93 698.40 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 525.18 698.40 Td (instruments ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 688.80 Td (as ) Tj ET Q q 0 0 0 rg BT 58.16 688.80 Td (at ) Tj ET Q q 0 0 0 rg BT 65.94 688.80 Td (the ) Tj ET Q q 0 0 0 rg BT 77.71 688.80 Td (following ) Tj ET Q q 0 0 0 rg BT 110.82 688.80 Td (dates:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 673.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.37 673.20 Td (2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 112.37 673.20 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 636.70 177.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 636.70 4.00 -13.00 re f /GS0 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0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511 649.7 m 563 649.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 653.93 Td (Expected ) Tj ET Q q 0 0 0 rg BT 86.05 653.93 Td (Maturity ) Tj ET Q q 0 0 0 rg BT 119.15 653.93 Td (Dates) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.50 653.93 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.50 653.93 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.50 653.93 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.50 653.93 Td (2022) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.50 653.93 Td (2023) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.90 653.93 Td (Ther) Tj ET Q q 0 0 0 rg BT 539.64 653.93 Td (eafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 640.93 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 91.38 640.93 Td (Debt ) Tj ET Q q 0 0 0 rg BT 109.82 640.93 Td (\(000's\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.50 640.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.50 640.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.50 640.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 627.95 Td (V) Tj ET Q q 0 0 0 rg BT 63.83 627.95 Td (ariable rate \(EUR\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.80 627.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.80 627.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.80 627.95 Td (210,335) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 627.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.80 627.95 Td (468,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 627.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 614.95 Td (A) Tj ET Q q 0 0 0 rg BT 69.68 614.95 Td (verage interest rate ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 132.54 618.58 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.80 614.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.80 614.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.80 614.95 Td (1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.80 614.95 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 614.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 614.95 Td (1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.80 614.95 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 614.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 588.93 Td (Inter) Tj ET Q q 0 0 0 rg BT 69.68 588.93 Td (est ) Tj ET Q q 0 0 0 rg BT 81.01 588.93 Td (Rate ) Tj ET Q q 0 0 0 rg BT 99.00 588.93 Td (Swaps ) Tj ET Q q 0 0 0 rg BT 122.79 588.93 Td (\(000's\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 575.95 Td (V) Tj ET Q q 0 0 0 rg BT 63.39 575.95 Td (ariable to fixed \(EUR\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.75 575.95 Td (210,335) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.80 575.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.80 575.95 Td (679,135) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 384.50 580.06 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 575.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.80 575.95 Td (468,800) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 496.50 580.06 Td (\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 575.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 562.95 Td (A) Tj ET Q q 0 0 0 rg BT 69.98 562.95 Td (verage pay rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.80 562.95 Td (0.31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.80 562.95 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.80 562.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.80 562.95 Td (0.33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.80 562.95 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 562.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 562.95 Td (0.97) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.80 562.95 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 562.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 549.95 Td (A) Tj ET Q q 0 0 0 rg BT 69.68 549.95 Td (verage receive rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.80 549.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.80 549.95 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.80 549.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 549.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.80 549.95 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 549.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.80 549.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.80 549.95 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 549.95 Td () Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 534.23 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.56 530.60 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 530.60 Td (As ) Tj ET Q q 0 0 0 rg BT 78.16 530.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 110.60 530.60 Td (in ) Tj ET Q q 0 0 0 rg BT 118.60 530.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 135.03 530.60 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.80 530.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 160.13 530.60 Td (5, ) Tj ET Q q 0 0 0 rg BT 167.90 530.60 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 207.15 530.60 Td (Debt ) Tj ET Q q 0 0 0 rg BT 224.48 530.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.80 530.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 257.79 530.60 Td (Financing ) Tj ET Q q 0 0 0 rg BT 291.17 530.60 Td (Arrangements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.75 530.60 Td (, ) Tj ET Q q 0 0 0 rg BT 343.52 530.60 Td (as ) Tj ET Q q 0 0 0 rg BT 351.96 530.60 Td (consideration ) Tj ET Q q 0 0 0 rg BT 396.83 530.60 Td (for ) Tj ET Q q 0 0 0 rg BT 407.80 530.60 Td (W) Tj ET Q q 0 0 0 rg BT 414.71 530.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 432.92 530.60 Td (Media's ) Tj ET Q q 0 0 0 rg BT 459.68 530.60 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 492.55 530.60 Td (of ) Tj ET Q q 0 0 0 rg BT 500.98 530.60 Td (the ) Tj ET Q q 0 0 0 rg BT 512.53 530.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 529.86 530.60 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 553.18 530.60 Td (we ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 521.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 81.10 521.00 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 116.02 521.00 Td (Fees ) Tj ET Q q 0 0 0 rg BT 132.74 521.00 Td (to ) Tj ET Q q 0 0 0 rg BT 140.86 521.00 Td (W) Tj ET Q q 0 0 0 rg BT 147.77 521.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 166.25 521.00 Td (Media ) Tj ET Q q 0 0 0 rg BT 188.74 521.00 Td (based ) Tj ET Q q 0 0 0 rg BT 209.01 521.00 Td (on ) Tj ET Q q 0 0 0 rg BT 219.06 521.00 Td (the ) Tj ET Q q 0 0 0 rg BT 230.89 521.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 260.05 521.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 299.43 521.00 Td (on ) Tj ET Q q 0 0 0 rg BT 309.48 521.00 Td (the ) Tj ET Q q 0 0 0 rg BT 321.31 521.00 Td (Euro ) Tj ET Q q 0 0 0 rg BT 338.91 521.00 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 362.51 521.00 Td (each ) Tj ET Q q 0 0 0 rg BT 379.22 521.00 Td (calculated ) Tj ET Q q 0 0 0 rg BT 413.69 521.00 Td (such ) Tj ET Q q 0 0 0 rg BT 430.41 521.00 Td (that ) Tj ET Q q 0 0 0 rg BT 444.46 521.00 Td (the ) Tj ET Q q 0 0 0 rg BT 456.28 521.00 Td (all-in ) Tj ET Q q 0 0 0 rg BT 475.22 521.00 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 510.60 521.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 524.64 521.00 Td (on ) Tj ET Q q 0 0 0 rg BT 534.69 521.00 Td (the ) Tj ET Q q 0 0 0 rg BT 546.51 521.00 Td (2021 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 511.40 Td (Euro ) Tj ET Q q 0 0 0 rg BT 85.05 511.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 103.49 511.40 Td (was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.93 511.40 Td (3.25%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 138.59 511.40 Td ( ) Tj ET Q q 0 0 0 rg BT 140.59 511.40 Td (per ) Tj ET Q q 0 0 0 rg BT 152.81 511.40 Td (annum ) Tj ET Q q 0 0 0 rg BT 176.58 511.40 Td (and ) Tj ET Q q 0 0 0 rg BT 190.13 511.40 Td (the ) Tj ET Q q 0 0 0 rg BT 201.91 511.40 Td (all-in ) Tj ET Q q 0 0 0 rg BT 220.79 511.40 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 256.12 511.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 270.11 511.40 Td (on ) Tj ET Q q 0 0 0 rg BT 280.11 511.40 Td (the ) Tj ET Q q 0 0 0 rg BT 291.88 511.40 Td (2023 ) Tj ET Q q 0 0 0 rg BT 309.88 511.40 Td (Euro ) Tj ET Q q 0 0 0 rg BT 327.43 511.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 345.87 511.40 Td (was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.31 511.40 Td (3.75%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.97 511.40 Td ( ) Tj ET Q q 0 0 0 rg BT 382.97 511.40 Td (per ) Tj ET Q q 0 0 0 rg BT 395.19 511.40 Td (annum ) Tj ET Q q 0 0 0 rg BT 418.96 511.40 Td (as ) Tj ET Q q 0 0 0 rg BT 427.63 511.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.29 511.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 483.16 511.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.16 511.40 Td (.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 499.43 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.56 495.80 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 495.80 Td (The ) Tj ET Q q 0 0 0 rg BT 82.33 495.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 108.28 495.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 122.66 495.80 Td (swaps ) Tj ET Q q 0 0 0 rg BT 144.61 495.80 Td (related ) Tj ET Q q 0 0 0 rg BT 168.77 495.80 Td (to ) Tj ET Q q 0 0 0 rg BT 177.38 495.80 Td (the ) Tj ET Q q 0 0 0 rg BT 189.55 495.80 Td (2021 ) Tj ET Q q 0 0 0 rg BT 207.95 495.80 Td (Euro ) Tj ET Q q 0 0 0 rg BT 225.90 495.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 244.73 495.80 Td (maturing ) Tj ET Q q 0 0 0 rg BT 276.01 495.80 Td (in ) Tj ET Q q 0 0 0 rg BT 284.63 495.80 Td (2021 ) Tj ET Q q 0 0 0 rg BT 303.02 495.80 Td (are ) Tj ET Q q 0 0 0 rg BT 315.18 495.80 Td (forward ) Tj ET Q q 0 0 0 rg BT 342.90 495.80 Td (starting ) Tj ET Q q 0 0 0 rg BT 369.29 495.80 Td (to ) Tj ET Q q 0 0 0 rg BT 377.91 495.80 Td (coincide ) Tj ET Q q 0 0 0 rg BT 407.40 495.80 Td (with ) Tj ET Q q 0 0 0 rg BT 424.02 495.80 Td (the ) Tj ET Q q 0 0 0 rg BT 436.19 495.80 Td (maturity ) Tj ET Q q 0 0 0 rg BT 465.69 495.80 Td (date ) Tj ET Q q 0 0 0 rg BT 481.41 495.80 Td (of ) Tj ET Q q 0 0 0 rg BT 490.47 495.80 Td (the ) Tj ET Q q 0 0 0 rg BT 502.64 495.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 528.58 495.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 542.96 495.80 Td (swaps ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 486.20 Td (maturing ) Tj ET Q q 0 0 0 rg BT 98.38 486.20 Td (in ) Tj ET Q q 0 0 0 rg BT 106.61 486.20 Td (2019. ) Tj ET Q q 0 0 0 rg BT 126.61 486.20 Td (See ) Tj ET Q q 0 0 0 rg BT 140.16 486.20 Td (Item ) Tj ET Q q 0 0 0 rg BT 156.82 486.20 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.82 486.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 182.37 486.20 Td (14, ) Tj ET Q q 0 0 0 rg BT 194.37 486.20 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 229.40 486.20 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 269.18 486.20 Td (and ) Tj ET Q q 0 0 0 rg BT 282.73 486.20 Td (Fair ) Tj ET Q q 0 0 0 rg BT 297.47 486.20 Td (V) Tj ET Q q 0 0 0 rg BT 302.36 486.20 Td (alue ) Tj ET Q q 0 0 0 rg BT 317.68 486.20 Td (Measurements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.60 486.20 Td (.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 474.23 Td (\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.56 470.60 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 470.60 Td (The ) Tj ET Q q 0 0 0 rg BT 82.33 470.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 108.28 470.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 122.66 470.60 Td (swaps ) Tj ET Q q 0 0 0 rg BT 144.61 470.60 Td (related ) Tj ET Q q 0 0 0 rg BT 168.77 470.60 Td (to ) Tj ET Q q 0 0 0 rg BT 177.38 470.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.55 470.60 Td (2023 ) Tj ET Q q 0 0 0 rg BT 207.95 470.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 225.90 470.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 244.73 470.60 Td (maturing ) Tj ET Q q 0 0 0 rg BT 276.01 470.60 Td (in ) Tj ET Q q 0 0 0 rg BT 284.63 470.60 Td (2023 ) Tj ET Q q 0 0 0 rg BT 303.02 470.60 Td (are ) Tj ET Q q 0 0 0 rg BT 315.18 470.60 Td (forward ) Tj ET Q q 0 0 0 rg BT 342.90 470.60 Td (starting ) Tj ET Q q 0 0 0 rg BT 369.29 470.60 Td (to ) Tj ET Q q 0 0 0 rg BT 377.91 470.60 Td (coincide ) Tj ET Q q 0 0 0 rg BT 407.40 470.60 Td (with ) Tj ET Q q 0 0 0 rg BT 424.02 470.60 Td (the ) Tj ET Q q 0 0 0 rg BT 436.19 470.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 465.69 470.60 Td (date ) Tj ET Q q 0 0 0 rg BT 481.41 470.60 Td (of ) Tj ET Q q 0 0 0 rg BT 490.47 470.60 Td (the ) Tj ET Q q 0 0 0 rg BT 502.64 470.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 528.58 470.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 542.96 470.60 Td (swaps ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 461.00 Td (maturing ) Tj ET Q q 0 0 0 rg BT 98.38 461.00 Td (in ) Tj ET Q q 0 0 0 rg BT 106.61 461.00 Td (2021. ) Tj ET Q q 0 0 0 rg BT 126.61 461.00 Td (See ) Tj ET Q q 0 0 0 rg BT 140.16 461.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 156.82 461.00 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.82 461.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 182.37 461.00 Td (14, ) Tj ET Q q 0 0 0 rg BT 194.37 461.00 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 229.40 461.00 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 269.18 461.00 Td (and ) Tj ET Q q 0 0 0 rg BT 282.73 461.00 Td (Fair ) Tj ET Q q 0 0 0 rg BT 297.47 461.00 Td (V) Tj ET Q q 0 0 0 rg BT 302.36 461.00 Td (alue ) Tj ET Q q 0 0 0 rg BT 317.68 461.00 Td (Measurements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.60 461.00 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 445.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.37 445.40 Td (2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 112.37 445.40 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 408.90 177.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 408.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 408.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 408.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 408.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.00 408.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 408.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 408.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 408.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 408.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 408.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 408.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 408.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 382.90 177.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 382.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 382.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 382.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 382.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.00 382.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 382.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 382.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 382.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 382.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 382.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 382.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 382.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 356.90 177.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 356.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 356.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 356.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 356.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.00 356.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 356.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 356.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 356.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 356.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 356.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 356.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 356.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 330.90 177.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 330.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 330.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 330.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 330.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.00 330.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 330.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 330.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 330.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 330.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 330.90 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 330.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 330.90 52.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 421.9 m 227 421.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 231 421.9 m 283 421.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 287 421.9 m 339 421.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 343 421.9 m 395 421.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 399 421.9 m 451 421.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 455 421.9 m 507 421.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511 421.9 m 563 421.9 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 426.13 Td (Expected ) Tj ET Q q 0 0 0 rg BT 86.05 426.13 Td (Maturity ) Tj ET Q q 0 0 0 rg BT 119.15 426.13 Td (Dates) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.50 426.13 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.50 426.13 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.50 426.13 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.50 426.13 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.50 426.13 Td (2022) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.90 426.13 Td (Ther) Tj ET Q q 0 0 0 rg BT 539.64 426.13 Td (eafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 413.13 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 91.38 413.13 Td (Debt ) Tj ET Q q 0 0 0 rg BT 109.82 413.13 Td (\(000's\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.50 413.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.50 413.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.50 413.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.50 413.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 400.15 Td (V) Tj ET Q q 0 0 0 rg BT 63.83 400.15 Td (ariable rate \(EUR\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.75 400.15 Td (200,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.75 400.15 Td (235,335) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.80 400.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.75 400.15 Td (468,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.80 400.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 400.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 387.15 Td (A) Tj ET Q q 0 0 0 rg BT 69.68 387.15 Td (verage interest rate ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 132.54 390.78 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.80 387.15 Td (1.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.80 387.15 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.80 387.15 Td (1.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.80 387.15 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.80 387.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.80 387.15 Td (1.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 387.15 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.80 387.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 387.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 361.13 Td (Inter) Tj ET Q q 0 0 0 rg BT 69.68 361.13 Td (est ) Tj ET Q q 0 0 0 rg BT 81.01 361.13 Td (Rate ) Tj ET Q q 0 0 0 rg BT 99.00 361.13 Td (Swaps ) Tj ET Q q 0 0 0 rg BT 122.79 361.13 Td (\(000's\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 348.15 Td (V) Tj ET Q q 0 0 0 rg BT 63.39 348.15 Td (ariable to fixed \(EUR\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.75 348.15 Td (200,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.75 348.15 Td (235,335) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.80 348.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.75 348.15 Td (468,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.80 348.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 348.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 335.15 Td (A) Tj ET Q q 0 0 0 rg BT 69.98 335.15 Td (verage pay rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.80 335.15 Td (0.14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.80 335.15 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.80 335.15 Td (0.31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.80 335.15 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.80 335.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.80 335.15 Td (0.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 335.15 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.80 335.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 335.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 322.15 Td (A) Tj ET Q q 0 0 0 rg BT 69.68 322.15 Td (verage receive rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.80 322.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.80 322.15 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.80 322.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.80 322.15 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.80 322.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.80 322.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 322.15 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.80 322.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 322.15 Td () Tj ET 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rg BT 151.48 283.60 Td (per ) Tj ET Q q 0 0 0 rg BT 163.70 283.60 Td (annum.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 268.00 Td (For) Tj ET Q q 0 0 0 rg BT 61.79 268.00 Td (eign ) Tj ET Q q 0 0 0 rg BT 78.02 268.00 Td (Curr) Tj ET Q q 0 0 0 rg BT 95.20 268.00 Td (ency ) Tj ET Q q 0 0 0 rg BT 112.75 268.00 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 148.09 268.00 Td (Risk ) Tj ET Q q 0 0 0 rg BT 165.65 268.00 Td (Management) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 252.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 252.40 Td (e ) Tj ET Q q 0 0 0 rg BT 62.02 252.40 Td (conduct ) Tj ET Q q 0 0 0 rg BT 89.41 252.40 Td (business ) Tj ET Q q 0 0 0 rg BT 118.58 252.40 Td (in ) Tj ET Q q 0 0 0 rg BT 126.86 252.40 Td (a ) Tj ET Q q 0 0 0 rg BT 132.47 252.40 Td (number ) Tj ET Q q 0 0 0 rg BT 158.97 252.40 Td (of ) Tj ET Q q 0 0 0 rg BT 167.70 252.40 Td (currencies ) Tj ET Q q 0 0 0 rg BT 202.63 252.40 Td (other ) Tj ET Q q 0 0 0 rg BT 221.12 252.40 Td (than ) Tj ET Q q 0 0 0 rg BT 236.96 252.40 Td (our ) Tj ET Q q 0 0 0 rg BT 249.68 252.40 Td (functional ) Tj ET Q q 0 0 0 rg BT 284.18 252.40 Td (currencies. ) Tj ET Q q 0 0 0 rg BT 320.65 252.40 Td (As ) Tj ET Q q 0 0 0 rg BT 331.60 252.40 Td (a ) Tj ET Q q 0 0 0 rg BT 337.21 252.40 Td (result, ) Tj ET Q q 0 0 0 rg BT 359.05 252.40 Td (we ) Tj ET Q q 0 0 0 rg BT 370.43 252.40 Td (are ) Tj ET Q q 0 0 0 rg BT 382.26 252.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 406.98 252.40 Td (to ) Tj ET Q q 0 0 0 rg BT 415.26 252.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 440.43 252.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 470.47 252.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 502.73 252.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 516.78 252.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 530.84 252.40 Td (due ) Tj ET Q q 0 0 0 rg BT 544.45 252.40 Td (to ) Tj ET Q q 0 0 0 rg BT 552.73 252.40 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 242.80 Td (ef) Tj ET Q q 0 0 0 rg BT 55.57 242.80 Td (fects ) Tj ET Q q 0 0 0 rg BT 72.73 242.80 Td (that ) Tj ET Q q 0 0 0 rg BT 86.79 242.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 111.96 242.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 144.22 242.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 158.27 242.80 Td (movements ) Tj ET Q q 0 0 0 rg BT 197.22 242.80 Td (of ) Tj ET Q q 0 0 0 rg BT 205.95 242.80 Td (these ) Tj ET Q q 0 0 0 rg BT 224.45 242.80 Td (currencies ) Tj ET Q q 0 0 0 rg BT 259.38 242.80 Td (have ) Tj ET Q q 0 0 0 rg BT 276.54 242.80 Td (on ) Tj ET Q q 0 0 0 rg BT 286.60 242.80 Td (our ) Tj ET Q q 0 0 0 rg BT 299.33 242.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 317.39 242.80 Td (and ) Tj ET Q q 0 0 0 rg BT 331.00 242.80 Td (on ) Tj ET Q q 0 0 0 rg BT 341.07 242.80 Td (the ) Tj ET Q q 0 0 0 rg BT 352.90 242.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 369.18 242.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 389.02 242.80 Td (we ) Tj ET Q q 0 0 0 rg BT 400.41 242.80 Td (receive ) Tj ET Q q 0 0 0 rg BT 425.56 242.80 Td (from ) Tj ET Q q 0 0 0 rg BT 443.18 242.80 Td (our ) Tj ET Q q 0 0 0 rg BT 455.90 242.80 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 497.74 242.80 Td (In ) Tj ET Q q 0 0 0 rg BT 506.46 242.80 Td (limited ) Tj ET Q q 0 0 0 rg BT 531.19 242.80 Td (instances, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 233.20 Td (we ) Tj ET Q q 0 0 0 rg BT 61.16 233.20 Td (enter ) Tj ET Q q 0 0 0 rg BT 79.48 233.20 Td (into ) Tj ET Q q 0 0 0 rg BT 94.26 233.20 Td (forward ) Tj ET Q q 0 0 0 rg BT 121.91 233.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 147.35 233.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 179.88 233.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 211.09 233.20 Td (to ) Tj ET Q q 0 0 0 rg BT 219.65 233.20 Td (minimize ) Tj ET Q q 0 0 0 rg BT 252.20 233.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 277.63 233.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 307.94 233.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 340.48 233.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 354.80 233.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 369.13 233.20 Td (\(see ) Tj ET Q q 0 0 0 rg BT 384.35 233.20 Td (Item ) Tj ET Q q 0 0 0 rg BT 401.34 233.20 Td (8, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.67 233.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 427.56 233.20 Td (14, ) Tj ET Q q 0 0 0 rg BT 439.89 233.20 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 475.26 233.20 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 515.36 233.20 Td (and ) Tj ET Q q 0 0 0 rg BT 529.25 233.20 Td (Fair ) Tj ET Q q 0 0 0 rg BT 544.30 233.20 Td (V) Tj ET Q q 0 0 0 rg BT 549.19 233.20 Td (alue ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 223.60 Td (Measurements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.42 223.60 Td (\).) 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667.80 Td (of ) Tj ET Q q 0 0 0 rg BT 211.34 667.80 Td (Central ) Tj ET Q q 0 0 0 rg BT 236.88 667.80 Td (European ) Tj ET Q q 0 0 0 rg BT 269.54 667.80 Td (Media ) Tj ET Q q 0 0 0 rg BT 291.97 667.80 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 329.96 667.80 Td (Ltd. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 650.20 Td (Opinion ) Tj ET Q q 0 0 0 rg BT 79.52 650.20 Td (on ) Tj ET Q q 0 0 0 rg BT 89.96 650.20 Td (the ) Tj ET Q q 0 0 0 rg BT 102.63 650.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 136.63 650.20 Td (Statements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 632.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 632.60 Td (e ) Tj ET Q q 0 0 0 rg BT 61.99 632.60 Td (have ) Tj ET Q q 0 0 0 rg BT 79.13 632.60 Td (audited ) Tj ET Q q 0 0 0 rg BT 104.71 632.60 Td (the ) Tj ET Q q 0 0 0 rg BT 116.51 632.60 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 165.19 632.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 207.66 632.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 234.12 632.60 Td (sheets ) Tj ET Q q 0 0 0 rg BT 255.70 632.60 Td (of ) Tj ET Q q 0 0 0 rg BT 264.40 632.60 Td (Central ) Tj ET Q q 0 0 0 rg BT 289.97 632.60 Td (European ) Tj ET Q q 0 0 0 rg BT 322.66 632.60 Td (Media ) Tj ET Q q 0 0 0 rg BT 345.13 632.60 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 383.15 632.60 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 398.29 632.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 412.76 632.60 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 448.57 632.60 Td (as ) Tj ET Q q 0 0 0 rg BT 457.26 632.60 Td (of ) Tj ET Q q 0 0 0 rg BT 465.96 632.60 Td (December ) Tj ET Q q 0 0 0 rg BT 500.86 632.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 512.89 632.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 530.92 632.60 Td (and ) Tj ET Q q 0 0 0 rg BT 544.51 632.60 Td (2017, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 623.00 Td (the ) Tj ET Q q 0 0 0 rg BT 62.39 623.00 Td (related ) Tj ET Q q 0 0 0 rg BT 87.26 623.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 130.81 623.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 167.69 623.00 Td (of ) Tj ET Q q 0 0 0 rg BT 177.47 623.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 213.91 623.00 Td (and ) Tj ET Q q 0 0 0 rg BT 228.57 623.00 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 280.11 623.00 Td (income ) Tj ET Q q 0 0 0 rg BT 306.77 623.00 Td (/ ) Tj ET Q q 0 0 0 rg BT 312.11 623.00 Td (loss, ) Tj ET Q q 0 0 0 rg BT 329.67 623.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 352.78 623.00 Td (and ) Tj ET Q q 0 0 0 rg BT 367.44 623.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 384.77 623.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 405.66 623.00 Td (for ) Tj ET Q q 0 0 0 rg BT 418.10 623.00 Td (each ) Tj ET Q q 0 0 0 rg BT 435.87 623.00 Td (of ) Tj ET Q q 0 0 0 rg BT 445.64 623.00 Td (the ) Tj ET Q q 0 0 0 rg BT 458.53 623.00 Td (three ) Tj ET Q q 0 0 0 rg BT 477.63 623.00 Td (years ) Tj ET Q q 0 0 0 rg BT 497.63 623.00 Td (in ) Tj ET Q q 0 0 0 rg BT 506.96 623.00 Td (the ) Tj ET Q q 0 0 0 rg BT 519.85 623.00 Td (period ) Tj ET Q q 0 0 0 rg BT 543.40 623.00 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 613.40 Td (December31,2018, ) Tj ET Q q 0 0 0 rg BT 115.67 613.40 Td (and ) Tj ET Q q 0 0 0 rg BT 128.52 613.40 Td (the ) Tj ET Q q 0 0 0 rg BT 139.59 613.40 Td (related ) Tj ET Q q 0 0 0 rg BT 162.65 613.40 Td (notes ) Tj ET Q q 0 0 0 rg BT 180.84 613.40 Td (and ) Tj ET Q q 0 0 0 rg BT 193.69 613.40 Td (the ) Tj ET Q q 0 0 0 rg BT 204.76 613.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.05 613.40 Td (statement ) Tj ET Q q 0 0 0 rg BT 266.00 613.40 Td (schedule ) Tj ET Q q 0 0 0 rg BT 295.29 613.40 Td (listed ) Tj ET Q q 0 0 0 rg BT 313.92 613.40 Td (in ) Tj ET Q q 0 0 0 rg BT 321.45 613.40 Td (the ) Tj ET Q q 0 0 0 rg BT 332.52 613.40 Td (Index ) Tj ET Q q 0 0 0 rg BT 352.03 613.40 Td (at ) Tj ET Q q 0 0 0 rg BT 359.11 613.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 375.07 613.40 Td (15\(a\) ) Tj ET Q q 0 0 0 rg BT 393.25 613.40 Td (\(collectively ) Tj ET Q q 0 0 0 rg BT 434.53 613.40 Td (referred ) Tj ET Q q 0 0 0 rg BT 461.13 613.40 Td (to ) Tj ET Q q 0 0 0 rg BT 468.66 613.40 Td (as ) Tj ET Q q 0 0 0 rg BT 476.62 613.40 Td (the ) Tj ET Q q 0 0 0 rg BT 487.69 613.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 520.53 613.40 Td (statements\). ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 603.80 Td (In ) Tj ET Q q 0 0 0 rg BT 57.91 603.80 Td (our ) Tj ET Q q 0 0 0 rg BT 70.32 603.80 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 98.51 603.80 Td (the ) Tj ET Q q 0 0 0 rg BT 110.03 603.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 139.76 603.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 175.28 603.80 Td (present ) Tj ET Q q 0 0 0 rg BT 200.13 603.80 Td (fairly) Tj ET Q q 0 0 0 rg BT 216.93 603.80 Td (, ) Tj ET Q q 0 0 0 rg BT 220.68 603.80 Td (in ) Tj ET Q q 0 0 0 rg BT 228.64 603.80 Td (all ) Tj ET Q q 0 0 0 rg BT 238.39 603.80 Td (material ) Tj ET Q q 0 0 0 rg BT 266.34 603.80 Td (respects, ) Tj ET Q q 0 0 0 rg BT 295.85 603.80 Td (the ) Tj ET Q q 0 0 0 rg BT 307.37 603.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 349.55 603.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.28 603.80 Td (position ) Tj ET Q q 0 0 0 rg BT 406.81 603.80 Td (of ) Tj ET Q q 0 0 0 rg BT 415.22 603.80 Td (the ) Tj ET Q q 0 0 0 rg BT 426.74 603.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 459.59 603.80 Td (at ) Tj ET Q q 0 0 0 rg BT 467.11 603.80 Td (December ) Tj ET Q q 0 0 0 rg BT 501.73 603.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 513.47 603.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 531.22 603.80 Td (and ) Tj ET Q q 0 0 0 rg BT 544.52 603.80 Td (2017, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 594.20 Td (and ) Tj ET Q q 0 0 0 rg BT 62.55 594.20 Td (the ) Tj ET Q q 0 0 0 rg BT 73.83 594.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 115.76 594.20 Td (results ) Tj ET Q q 0 0 0 rg BT 138.15 594.20 Td (of ) Tj ET Q q 0 0 0 rg BT 146.32 594.20 Td (its ) Tj ET Q q 0 0 0 rg BT 155.38 594.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 190.21 594.20 Td (and ) Tj ET Q q 0 0 0 rg BT 203.26 594.20 Td (its ) Tj ET Q q 0 0 0 rg BT 212.32 594.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 228.04 594.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 247.31 594.20 Td (for ) Tj ET Q q 0 0 0 rg BT 258.14 594.20 Td (each ) Tj ET Q q 0 0 0 rg BT 274.30 594.20 Td (of ) Tj ET Q q 0 0 0 rg BT 282.46 594.20 Td (the ) Tj ET Q q 0 0 0 rg BT 293.74 594.20 Td (three ) Tj ET Q q 0 0 0 rg BT 311.23 594.20 Td (years ) Tj ET Q q 0 0 0 rg BT 329.61 594.20 Td (in ) Tj ET Q q 0 0 0 rg BT 337.34 594.20 Td (the ) Tj ET Q q 0 0 0 rg BT 348.61 594.20 Td (period ) Tj ET Q q 0 0 0 rg BT 370.55 594.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 391.15 594.20 Td (December ) Tj ET Q q 0 0 0 rg BT 425.52 594.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 437.03 594.20 Td (2018, ) Tj ET Q q 0 0 0 rg BT 456.53 594.20 Td (in ) Tj ET Q q 0 0 0 rg BT 464.25 594.20 Td (conformity ) Tj ET Q q 0 0 0 rg BT 501.30 594.20 Td (with ) Tj ET Q q 0 0 0 rg BT 517.03 594.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 532.75 594.20 Td (generally ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 584.60 Td (accepted ) Tj ET Q q 0 0 0 rg BT 79.48 584.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 116.57 584.60 Td (principles. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 567.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 567.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.18 567.00 Td (also ) Tj ET Q q 0 0 0 rg BT 77.29 567.00 Td (have ) Tj ET Q q 0 0 0 rg BT 94.61 567.00 Td (audited, ) Tj ET Q q 0 0 0 rg BT 122.37 567.00 Td (in ) Tj ET Q q 0 0 0 rg BT 130.81 567.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 169.00 567.00 Td (with ) Tj ET Q q 0 0 0 rg BT 185.44 567.00 Td (the ) Tj ET Q q 0 0 0 rg BT 197.43 567.00 Td (standards ) Tj ET Q q 0 0 0 rg BT 229.87 567.00 Td (of ) Tj ET Q q 0 0 0 rg BT 238.75 567.00 Td (the ) Tj ET Q q 0 0 0 rg BT 250.74 567.00 Td (Public ) Tj ET Q q 0 0 0 rg BT 273.41 567.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 306.24 567.00 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 345.79 567.00 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 379.56 567.00 Td (Board ) Tj ET Q q 0 0 0 rg BT 401.33 567.00 Td (\(United ) Tj ET Q q 0 0 0 rg BT 427.98 567.00 Td (States\) ) Tj ET Q q 0 0 0 rg BT 451.98 567.00 Td (\(PCAOB\), ) Tj ET Q q 0 0 0 rg BT 488.20 567.00 Td (the ) Tj ET Q q 0 0 0 rg BT 500.19 567.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 538.07 567.00 Td (internal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 557.40 Td (control ) Tj ET Q q 0 0 0 rg BT 74.67 557.40 Td (over ) Tj ET Q q 0 0 0 rg BT 91.40 557.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 121.89 557.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 153.73 557.40 Td (as ) Tj ET Q q 0 0 0 rg BT 162.90 557.40 Td (of ) Tj ET Q q 0 0 0 rg BT 172.08 557.40 Td (December ) Tj ET Q q 0 0 0 rg BT 207.45 557.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 219.96 557.40 Td (2018, ) Tj ET Q q 0 0 0 rg BT 240.48 557.40 Td (based ) Tj ET Q q 0 0 0 rg BT 261.20 557.40 Td (on ) Tj ET Q q 0 0 0 rg BT 271.71 557.40 Td (criteria ) Tj ET Q q 0 0 0 rg BT 296.87 557.40 Td (established ) Tj ET Q q 0 0 0 rg BT 334.93 557.40 Td (in ) Tj ET Q q 0 0 0 rg BT 343.66 557.40 Td (Internal ) Tj ET Q q 0 0 0 rg BT 371.05 557.40 Td (Control-Integrated ) Tj ET Q q 0 0 0 rg BT 433.09 557.40 Td (Framework ) Tj ET Q q 0 0 0 rg BT 472.48 557.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 494.99 557.40 Td (by ) Tj ET Q q 0 0 0 rg BT 505.50 557.40 Td (the ) Tj ET Q q 0 0 0 rg BT 517.79 557.40 Td (Committee ) Tj ET Q q 0 0 0 rg BT 555.85 557.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 547.80 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 87.95 547.80 Td (Or) Tj ET Q q 0 0 0 rg BT 96.25 547.80 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 134.68 547.80 Td (of ) Tj ET Q q 0 0 0 rg BT 143.34 547.80 Td (the ) Tj ET Q q 0 0 0 rg BT 154.97 547.80 Td (T) Tj ET Q q 0 0 0 rg BT 159.58 547.80 Td (readway ) Tj ET Q q 0 0 0 rg BT 188.67 547.80 Td (Commission ) Tj ET Q q 0 0 0 rg BT 231.13 547.80 Td (\(2013 ) Tj ET Q q 0 0 0 rg BT 251.79 547.80 Td (framework\) ) Tj ET Q q 0 0 0 rg BT 291.55 547.80 Td (and ) Tj ET Q q 0 0 0 rg BT 305.10 547.80 Td (our ) Tj ET Q q 0 0 0 rg BT 317.76 547.80 Td (report ) Tj ET Q q 0 0 0 rg BT 338.86 547.80 Td (dated ) Tj ET Q q 0 0 0 rg BT 358.19 547.80 Td (February ) Tj ET Q q 0 0 0 rg BT 389.07 547.80 Td (6, ) Tj ET Q q 0 0 0 rg BT 397.07 547.80 Td (2019 ) Tj ET Q q 0 0 0 rg BT 415.07 547.80 Td (expressed ) Tj ET Q q 0 0 0 rg BT 448.61 547.80 Td (an ) Tj ET Q q 0 0 0 rg BT 458.16 547.80 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 496.59 547.80 Td (opinion ) Tj ET Q q 0 0 0 rg BT 523.04 547.80 Td (thereon.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 530.20 Td (Basis ) Tj ET Q q 0 0 0 rg BT 69.29 530.20 Td (for) Tj ET Q q 0 0 0 rg BT 79.36 530.20 Td ( ) Tj ET Q q 0 0 0 rg BT 81.36 530.20 Td (Opinion) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 512.60 Td (These ) Tj ET Q q 0 0 0 rg BT 70.25 512.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 99.88 512.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 135.29 512.60 Td (are ) Tj ET Q q 0 0 0 rg BT 146.71 512.60 Td (the ) Tj ET Q q 0 0 0 rg BT 158.13 512.60 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 203.33 512.60 Td (of ) Tj ET Q q 0 0 0 rg BT 211.64 512.60 Td (the ) Tj ET Q q 0 0 0 rg BT 223.06 512.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 260.37 512.60 Td (management. ) Tj ET Q q 0 0 0 rg BT 304.89 512.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 318.97 512.60 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 364.18 512.60 Td (is ) Tj ET Q q 0 0 0 rg BT 371.16 512.60 Td (to ) Tj ET Q q 0 0 0 rg BT 379.03 512.60 Td (express ) Tj ET Q q 0 0 0 rg BT 404.67 512.60 Td (an ) Tj ET Q q 0 0 0 rg BT 413.86 512.60 Td (opinion ) Tj ET Q q 0 0 0 rg BT 439.96 512.60 Td (on ) Tj ET Q q 0 0 0 rg BT 449.60 512.60 Td (the ) Tj ET Q q 0 0 0 rg BT 461.02 512.60 Td (Company) Tj ET Q q 0 0 0 rg BT 494.35 512.60 Td (s ) Tj ET Q q 0 0 0 rg BT 499.11 512.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 528.74 512.60 Td (statements ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 503.00 Td (based ) Tj ET Q q 0 0 0 rg BT 69.76 503.00 Td (on ) Tj ET Q q 0 0 0 rg BT 79.81 503.00 Td (our ) Tj ET Q q 0 0 0 rg BT 92.53 503.00 Td (audits. ) Tj ET Q q 0 0 0 rg BT 115.54 503.00 Td (W) Tj ET Q q 0 0 0 rg BT 122.45 503.00 Td (e ) Tj ET Q q 0 0 0 rg BT 128.05 503.00 Td (are ) Tj ET Q q 0 0 0 rg BT 139.87 503.00 Td (a ) Tj ET Q q 0 0 0 rg BT 145.47 503.00 Td (public ) Tj ET Q q 0 0 0 rg BT 167.51 503.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 204.66 503.00 Td (firm ) Tj ET Q q 0 0 0 rg BT 220.48 503.00 Td (registered ) Tj ET Q q 0 0 0 rg BT 254.07 503.00 Td (with ) Tj ET Q q 0 0 0 rg BT 270.34 503.00 Td (the ) Tj ET Q q 0 0 0 rg BT 282.17 503.00 Td (PCAOB ) Tj ET Q q 0 0 0 rg BT 310.89 503.00 Td (and ) Tj ET Q q 0 0 0 rg BT 324.49 503.00 Td (are ) Tj ET Q q 0 0 0 rg BT 336.31 503.00 Td (required ) Tj ET Q q 0 0 0 rg BT 365.01 503.00 Td (to ) Tj ET Q q 0 0 0 rg BT 373.28 503.00 Td (be ) Tj ET Q q 0 0 0 rg BT 382.88 503.00 Td (independent ) Tj ET Q q 0 0 0 rg BT 424.03 503.00 Td (with ) Tj ET Q q 0 0 0 rg BT 440.30 503.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 465.01 503.00 Td (to ) Tj ET Q q 0 0 0 rg BT 473.28 503.00 Td (the ) Tj ET Q q 0 0 0 rg BT 485.10 503.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 518.26 503.00 Td (in ) Tj ET Q q 0 0 0 rg BT 526.53 503.00 Td (accordance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 493.40 Td (with ) Tj ET Q q 0 0 0 rg BT 65.72 493.40 Td (the ) Tj ET Q q 0 0 0 rg BT 77.50 493.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 93.72 493.40 Td (federal ) Tj ET Q q 0 0 0 rg BT 117.93 493.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 150.14 493.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 166.80 493.40 Td (and ) Tj ET Q q 0 0 0 rg BT 180.35 493.40 Td (the ) Tj ET Q q 0 0 0 rg BT 192.13 493.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 227.00 493.40 Td (rules ) Tj ET Q q 0 0 0 rg BT 244.55 493.40 Td (and ) Tj ET Q q 0 0 0 rg BT 258.10 493.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 295.64 493.40 Td (of ) Tj ET Q q 0 0 0 rg BT 304.31 493.40 Td (the ) Tj ET Q q 0 0 0 rg BT 316.08 493.40 Td (Securities ) Tj ET Q q 0 0 0 rg BT 349.63 493.40 Td (and ) Tj ET Q q 0 0 0 rg BT 363.18 493.40 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 396.72 493.40 Td (Commission ) Tj ET Q q 0 0 0 rg BT 439.17 493.40 Td (and ) Tj ET Q q 0 0 0 rg BT 452.72 493.40 Td (the ) Tj ET Q q 0 0 0 rg BT 464.50 493.40 Td (PCAOB. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 475.80 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 475.80 Td (e ) Tj ET Q q 0 0 0 rg BT 61.42 475.80 Td (conducted ) Tj ET Q q 0 0 0 rg BT 95.75 475.80 Td (our ) Tj ET Q q 0 0 0 rg BT 107.87 475.80 Td (audits ) Tj ET Q q 0 0 0 rg BT 128.43 475.80 Td (in ) Tj ET Q q 0 0 0 rg BT 136.11 475.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 173.53 475.80 Td (with ) Tj ET Q q 0 0 0 rg BT 189.21 475.80 Td (the ) Tj ET Q q 0 0 0 rg BT 200.44 475.80 Td (standards ) Tj ET Q q 0 0 0 rg BT 232.11 475.80 Td (of ) Tj ET Q q 0 0 0 rg BT 240.23 475.80 Td (the ) Tj ET Q q 0 0 0 rg BT 251.46 475.80 Td (PCAOB. ) Tj ET Q q 0 0 0 rg BT 281.48 475.80 Td (Those ) Tj ET Q q 0 0 0 rg BT 302.49 475.80 Td (standards ) Tj ET Q q 0 0 0 rg BT 334.16 475.80 Td (require ) Tj ET Q q 0 0 0 rg BT 358.26 475.80 Td (that ) Tj ET Q q 0 0 0 rg BT 371.72 475.80 Td (we ) Tj ET Q q 0 0 0 rg BT 382.50 475.80 Td (plan ) Tj ET Q q 0 0 0 rg BT 397.73 475.80 Td (and ) Tj ET Q q 0 0 0 rg BT 410.73 475.80 Td (perform ) Tj ET Q q 0 0 0 rg BT 437.95 475.80 Td (the ) Tj ET Q q 0 0 0 rg BT 449.18 475.80 Td (audit ) Tj ET Q q 0 0 0 rg BT 466.63 475.80 Td (to ) Tj ET Q q 0 0 0 rg BT 474.31 475.80 Td (obtain ) Tj ET Q q 0 0 0 rg BT 495.76 475.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 531.42 475.80 Td (assurance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 466.20 Td (about ) Tj ET Q q 0 0 0 rg BT 69.37 466.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 97.24 466.20 Td (the ) Tj ET Q q 0 0 0 rg BT 109.11 466.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 139.20 466.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 175.07 466.20 Td (are ) Tj ET Q q 0 0 0 rg BT 186.94 466.20 Td (free ) Tj ET Q q 0 0 0 rg BT 201.47 466.20 Td (of ) Tj ET Q q 0 0 0 rg BT 210.23 466.20 Td (material ) Tj ET Q q 0 0 0 rg BT 238.54 466.20 Td (misstatement, ) Tj ET Q q 0 0 0 rg BT 284.85 466.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 312.72 466.20 Td (due ) Tj ET Q q 0 0 0 rg BT 326.37 466.20 Td (to ) Tj ET Q q 0 0 0 rg BT 334.69 466.20 Td (error ) Tj ET Q q 0 0 0 rg BT 352.34 466.20 Td (or ) Tj ET Q q 0 0 0 rg BT 361.10 466.20 Td (fraud. ) Tj ET Q q 0 0 0 rg BT 382.08 466.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 396.62 466.20 Td (audits ) Tj ET Q q 0 0 0 rg BT 417.83 466.20 Td (included ) Tj ET Q q 0 0 0 rg BT 447.48 466.20 Td (performing ) Tj ET Q q 0 0 0 rg BT 485.57 466.20 Td (procedures ) Tj ET Q q 0 0 0 rg BT 522.76 466.20 Td (to ) Tj ET Q q 0 0 0 rg BT 531.09 466.20 Td (assess ) Tj ET Q q 0 0 0 rg BT 552.74 466.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 456.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 66.64 456.60 Td (of ) Tj ET Q q 0 0 0 rg BT 75.34 456.60 Td (material ) Tj ET Q q 0 0 0 rg BT 103.58 456.60 Td (misstatement ) Tj ET Q q 0 0 0 rg BT 147.82 456.60 Td (of ) Tj ET Q q 0 0 0 rg BT 156.52 456.60 Td (the ) Tj ET Q q 0 0 0 rg BT 168.32 456.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 198.34 456.60 Td (statements, ) Tj ET Q q 0 0 0 rg BT 236.14 456.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 263.94 456.60 Td (due ) Tj ET Q q 0 0 0 rg BT 277.52 456.60 Td (to ) Tj ET Q q 0 0 0 rg BT 285.77 456.60 Td (error ) Tj ET Q q 0 0 0 rg BT 303.35 456.60 Td (or ) Tj ET Q q 0 0 0 rg BT 312.04 456.60 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 332.95 456.60 Td (and ) Tj ET Q q 0 0 0 rg BT 346.54 456.60 Td 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ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 375.00 Td (London, ) Tj ET Q q 0 0 0 rg BT 78.39 375.00 Td (United ) Tj ET Q q 0 0 0 rg BT 102.16 375.00 Td (Kingdom ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 357.40 Td (February ) Tj ET Q q 0 0 0 rg BT 80.38 357.40 Td (6, ) Tj ET Q q 0 0 0 rg BT 88.38 357.40 Td (2019) Tj ET Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) 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d 0 J 0 j 3 M 473 622.5 m 563 622.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 531.5 m 469 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 531.5 m 563 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 518.5 m 563 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 518.5 m 469 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 506.5 m 469 506.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 504.5 m 469 504.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 518.5 m 563 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 506.5 m 563 506.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 504.5 m 563 504.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 717.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.00 717.73 Td (December) Tj ET Q q 0 0 0 rg BT 435.57 717.73 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.00 717.73 Td (December) Tj ET Q q 0 0 0 rg BT 529.50 717.73 Td ( 31, 2017) Tj ET Q BT /F2 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587.75 Td (1) Tj ET Q q 0 0 0 rg BT 443.80 587.75 Td (17,604) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.80 587.75 Td (1) Tj ET Q q 0 0 0 rg BT 537.80 587.75 Td (19,349) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 574.75 Td (Program rights, net \(Note 6\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 574.75 Td (171,871) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.80 574.75 Td (206,227) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 561.75 Td (Goodwill \(Note 4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 561.75 Td (676,333) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.80 561.75 Td (712,359) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 548.75 Td (Other intangible assets, net \(Note 4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 548.75 Td (136,052) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.80 548.75 Td (151,977) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 535.75 Td (Other non-current assets \(Note 8\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 535.75 Td (12,408) Tj 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f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 276.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 276.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 276.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 245.50 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 245.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 245.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 245.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 219.50 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 219.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 219.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 219.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 193.50 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 193.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 193.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 193.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 167.50 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 167.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 167.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 167.50 90.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 411.5 m 469 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 411.5 m 563 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 411.5 m 469 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 411.5 m 563 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 359.5 m 469 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 359.5 m 563 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 193.5 m 469 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 193.5 m 563 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 167.5 m 469 167.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 154.5 m 469 154.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 167.5 m 563 167.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 154.5 m 563 154.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 154.5 m 469 154.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 142.5 m 469 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 140.5 m 469 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 154.5 m 563 154.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 142.5 m 563 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 140.5 m 563 140.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 480.73 Td (LIABILITIES ) Tj ET Q q 0 0 0 rg BT 103.64 480.73 Td (AND EQUITY) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 480.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.50 480.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 467.73 Td (Curr) Tj ET Q q 0 0 0 rg BT 69.76 467.73 Td (ent liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 467.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.50 467.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 454.75 Td (Accounts payable and accrued liabilities \(Note 10\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 454.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 454.75 Td (120,468) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.50 454.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.80 454.75 Td (160,072) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 441.75 Td (Current portion of long-term debt and other financing arrangements \(Note 5\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.80 441.75 Td (5,545) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 441.75 Td (3,269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 428.75 Td (Other current liabilities \(Note 1) Tj ET Q q 0 0 0 rg BT 159.21 428.75 Td (1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 428.75 Td (13,679) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 428.75 Td (9,349) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 415.75 Td (Liabilities held for sale \(Note 3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 415.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 415.75 Td (14,256) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 402.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 402.73 Td (otal curr) Tj ET Q q 0 0 0 rg BT 87.02 402.73 Td (ent liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 402.73 Td (139,692) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.80 402.73 Td (186,946) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 389.73 Td (Non-curr) Tj ET Q q 0 0 0 rg BT 84.42 389.73 Td (ent liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.50 389.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.50 389.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 376.75 Td (Long-term debt and other financing arrangements \(Note 5\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 376.75 Td (782,685) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.80 376.75 Td (1,086,1) Tj ET Q q 0 0 0 rg BT 551.80 376.75 Td (1) Tj ET Q q 0 0 0 rg BT 555.80 376.75 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 363.75 Td (Other non-current liabilities \(Note 1) Tj ET Q q 0 0 0 rg BT 173.87 363.75 Td (1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 363.75 Td (67,293) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 363.75 Td (96,175) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 350.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 350.73 Td (otal non-curr) Tj ET Q q 0 0 0 rg BT 102.58 350.73 Td (ent liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 350.73 Td (849,978) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.80 350.73 Td (1,182,286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 337.75 Td (Commitments and contingencies \(Note 21\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 324.73 Td (TEMPORAR) Tj ET Q q 0 0 0 rg BT 99.02 324.73 Td (Y) Tj ET Q q 0 0 0 rg BT 104.51 324.73 Td ( EQUITY) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 312.45 Td (200,000 shares of Series B Convertible Redeemable Preferred Stock of $0.08 each \(December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 304.50 Td (2017 - 200,000\) \(Note 12\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 306.75 Td (269,370) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.80 306.75 Td (264,593) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 293.73 Td (EQUITY) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.50 293.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.50 293.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 280.75 Td (CME Ltd. shareholders) Tj ET Q q 0 0 0 rg BT 135.45 280.75 Td ( equity \(Note 13\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.50 280.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.50 280.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 267.75 Td (One share of Series ) Tj ET Q q 0 0 0 rg BT 134.70 267.75 Td (A) Tj ET Q q 0 0 0 rg BT 140.04 267.75 Td ( Convertible Preferred Stock of $0.08 each \(December 31, 2017 one\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 267.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 267.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 255.45 Td (252,853,554 shares of Class ) Tj ET Q q 0 0 0 rg BT 162.27 255.45 Td (A) Tj ET Q q 0 0 0 rg BT 167.61 255.45 Td ( Common Stock of $0.08 each \(December 31, 2017 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 247.50 Td (145,486,497\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 249.75 Td (20,228) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 249.75 Td (1) Tj ET Q q 0 0 0 rg BT 541.80 249.75 Td (1,639) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 236.75 Td (Nil shares of Class B Common Stock of $0.08 each \(December 31, 2017 nil\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 236.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 236.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 223.75 Td (Additional paid-in capital) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 223.75 Td (2,003,518) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.80 223.75 Td (1,905,779) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 210.75 Td (Accumulated deficit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.10 210.75 Td (\(1,578,076) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.80 210.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.10 210.75 Td (\(1,735,768) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 210.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 197.75 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.10 197.75 Td (\(216,650) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.80 197.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.10 197.75 Td (\(187,438) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 197.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 184.73 Td (T) Tj ET Q q 0 0 0 rg BT 63.10 184.73 Td (otal CME Ltd. shar) Tj ET Q q 0 0 0 rg BT 130.07 184.73 Td (eholders) Tj ET Q q 0 0 0 rg BT 161.03 184.73 Td ( equity / \(deficit\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 184.73 Td (229,020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.10 184.73 Td (\(5,788) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.80 184.73 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 171.75 Td (Noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.80 171.75 Td (301) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 171.75 Td (18) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 158.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 158.73 Td (otal equity / \(deficit\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 158.73 Td (229,321) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.10 158.73 Td (\(5,770) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.80 158.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 145.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 145.73 Td (otal liabilities and equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.50 145.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.80 145.73 Td (1,488,361) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.50 145.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.80 145.73 Td (1,628,055) Tj ET Q BT /F1 8.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 164.80 126.40 Td (The accompanying notes ar) Tj ET Q q 0 0 0 rg BT 253.16 126.40 Td (e an integral part of these consolidated financial statements.) Tj ET Q endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 135.05 754.10 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 182.91 754.10 Td (TED ST) Tj ET Q q 0 0 0 rg BT 210.55 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 215.73 754.10 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 267.67 754.10 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 297.07 754.10 Td (TIONS ) Tj ET Q q 0 0 0 rg BT 323.53 754.10 Td (AND COMPREHENSIVE INCOME / LOSS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.35 744.50 Td (\(US$ 000) Tj ET Q q 0 0 0 rg BT 263.61 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 309.46 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 341.31 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 358.28 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (41) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 702.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 702.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 702.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 702.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 702.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 702.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 676.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 676.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 676.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 676.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 676.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 676.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 650.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 650.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 650.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 650.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 650.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 650.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 624.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 624.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 624.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 624.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 624.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 624.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 598.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 598.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 598.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 598.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 598.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 598.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 572.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 572.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 572.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 572.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 572.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 572.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 546.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 546.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 546.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 546.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 546.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 546.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 520.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 520.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 520.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 520.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 520.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 520.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 494.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 494.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 494.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 494.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 494.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 494.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 468.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 468.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 468.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 468.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 468.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 468.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 442.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 442.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 442.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 442.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 442.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 442.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 416.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 416.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 416.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 416.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 416.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 416.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 390.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 390.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 390.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 390.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 390.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 390.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 364.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 364.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 364.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 364.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 364.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 364.50 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 715.5 m 434 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 715.5 m 438 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 715.5 m 498 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 715.5 m 502 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 715.5 m 562 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 702.5 m 434 702.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 702.5 m 498 702.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 715.5 m 562 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 702.5 m 562 702.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 702.5 m 434 702.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 702.5 m 562 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 624.5 m 434 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 624.5 m 498 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 624.5 m 562 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 598.5 m 434 598.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 598.5 m 498 598.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 598.5 m 562 598.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 546.5 m 434 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 546.5 m 498 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 546.5 m 562 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 546.5 m 434 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 546.5 m 498 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 546.5 m 562 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 520.5 m 434 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 520.5 m 498 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 520.5 m 562 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 494.5 m 434 494.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 494.5 m 498 494.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 494.5 m 562 494.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 494.5 m 434 494.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 494.5 m 498 494.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 494.5 m 562 494.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 468.5 m 434 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 456.5 m 434 456.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 454.5 m 434 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 468.5 m 498 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 456.5 m 498 456.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 454.5 m 498 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 468.5 m 562 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 456.5 m 562 456.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 454.5 m 562 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 390.5 m 434 390.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 390.5 m 434 390.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 390.5 m 498 390.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 377.5 m 498 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 390.5 m 562 390.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 377.5 m 562 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 377.5 m 434 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 377.5 m 498 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 377.5 m 562 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 351.5 m 434 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 339.5 m 434 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 337.5 m 434 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 351.5 m 498 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 339.5 m 498 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 337.5 m 498 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 351.5 m 562 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 339.5 m 562 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 337.5 m 562 337.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.60 719.73 Td (For) Tj ET Q q 0 0 0 rg BT 420.89 719.73 Td ( ) Tj ET Q q 0 0 0 rg BT 422.75 719.73 Td (The ) Tj ET Q q 0 0 0 rg BT 437.79 719.73 Td (Y) Tj ET Q q 0 0 0 rg BT 442.68 719.73 Td (ear) Tj ET Q q 0 0 0 rg BT 453.64 719.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 514.37 719.73 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 706.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 706.73 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.50 706.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 706.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 693.73 Td (Net r) Tj ET Q q 0 0 0 rg BT 69.97 693.73 Td (evenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 693.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 693.73 Td (703,906) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.50 693.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.80 693.73 Td (642,868) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.50 693.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 693.73 Td (583,006) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 680.73 Td (Operating expenses:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 667.75 Td (Content costs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 667.75 Td (309,439) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 667.75 Td (293,728) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 667.75 Td (275,746) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 654.75 Td (Other operating costs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 654.75 Td (56,731) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 654.75 Td (55,924) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 654.75 Td (60,935) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 641.75 Td (Depreciation of property) Tj ET Q q 0 0 0 rg BT 137.32 641.75 Td (, plant and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 641.75 Td (32,933) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 641.75 Td (31,261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 641.75 Td (27,529) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 628.75 Td (Amortization of intangibles) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.80 628.75 Td (9,002) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 628.75 Td (8,592) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 628.75 Td (8,270) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 615.73 Td (Cost of r) Tj ET Q q 0 0 0 rg BT 82.20 615.73 Td (evenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 615.73 Td (408,105) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.80 615.73 Td (389,505) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 615.73 Td (372,480) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 602.75 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 602.75 Td (1) Tj ET Q q 0 0 0 rg BT 408.80 602.75 Td (18,214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 602.75 Td (1) Tj ET Q q 0 0 0 rg BT 472.80 602.75 Td (13,449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 602.75 Td (104,778) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 589.73 Td (Operating income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 589.73 Td (177,587) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.80 589.73 Td (139,914) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 589.73 Td (105,748) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 576.75 Td (Interest expense \(Note 15\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.10 576.75 Td (\(49,106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 576.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.10 576.75 Td (\(83,188) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 576.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 576.75 Td (\(126,378) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 576.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 563.75 Td (Loss on extinguishment of debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.10 563.75 Td (\(415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 563.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.10 563.75 Td (\(101) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 563.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 563.75 Td (\(150,158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 563.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 550.75 Td (Other non-operating \(expense\) / income, net \(Note 16\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.10 550.75 Td (\(3,173) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 550.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 550.75 Td (16,942) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 550.75 Td (\(2,252) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 550.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 537.73 Td (Income / \(loss\) befor) Tj ET Q q 0 0 0 rg BT 121.97 537.73 Td (e tax) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 537.73 Td (124,893) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 537.73 Td (73,567) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 537.73 Td (\(173,040) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 537.73 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 524.75 Td (Provision for income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.10 524.75 Td (\(27,828) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 524.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.10 524.75 Td (\(22,504) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 524.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 524.75 Td (\(6,639) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 524.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 511.73 Td (Income / \(loss\) fr) Tj ET Q q 0 0 0 rg BT 109.97 511.73 Td (om continuing operations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 511.73 Td (97,065) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 511.73 Td (51,063) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 511.73 Td (\(179,679) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 511.73 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 498.75 Td (Income / \(loss\) from discontinued operations, net of tax \(Note 3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 498.75 Td (60,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 498.75 Td (\(1,636) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 498.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 498.75 Td (\(918) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 498.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 485.73 Td (Net income / \(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 485.73 Td (157,613) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 485.73 Td (49,427) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 485.73 Td (\(180,597) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 485.73 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 472.75 Td (Net loss attributable to noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.80 472.75 Td (79) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 472.75 Td (341) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 472.75 Td (306) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 459.73 Td (Net income / \(loss\) attributable to CME Ltd.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 459.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 459.73 Td (157,692) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.50 459.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 459.73 Td (49,768) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.50 459.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 459.73 Td (\(180,291) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 459.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 433.73 Td (Net income / \(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 433.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 433.73 Td (157,613) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.50 433.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 433.73 Td (49,427) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.50 433.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 433.73 Td (\(180,597) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 433.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 420.73 Td (Other) Tj ET Q q 0 0 0 rg BT 72.87 420.73 Td ( compr) Tj ET Q q 0 0 0 rg BT 96.94 420.73 Td (ehensive \(loss\) / income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 407.75 Td (Currency translation adjustment \(Note 13\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.10 407.75 Td (\(23,050) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 407.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 407.75 Td (54,368) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 407.75 Td (1,649) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 394.75 Td (Unrealized \(loss\) / gain on derivative instruments \(Note 14\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.10 394.75 Td (\(5,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 394.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 394.75 Td (1,269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 394.75 Td (\(3,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 394.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 381.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 381.73 Td (otal other) Tj ET Q q 0 0 0 rg BT 90.13 381.73 Td ( compr) Tj ET Q q 0 0 0 rg BT 114.20 381.73 Td (ehensive \(loss\) / income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.10 381.73 Td (\(28,850) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 381.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 381.73 Td (55,637) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 381.73 Td (\(1,382) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 381.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 368.73 Td (Compr) Tj ET Q q 0 0 0 rg BT 76.87 368.73 Td (ehensive income / \(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 368.73 Td (128,763) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.80 368.73 Td (105,064) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 368.73 Td (\(181,979) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 368.73 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 355.75 Td (Comprehensive \(income\) / loss attributable to noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.10 355.75 Td (\(283) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 355.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 355.75 Td (1,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 355.75 Td (109) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 342.73 Td (Compr) Tj ET Q q 0 0 0 rg BT 76.80 342.73 Td (ehensive income / \(loss\) attributable to CME Ltd.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 342.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 342.73 Td (128,480) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.50 342.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.80 342.73 Td (106,318) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.50 342.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 342.73 Td (\(181,870) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 342.73 Td (\)) Tj ET Q BT /F1 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 296.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 296.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 296.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 296.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 296.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 296.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 270.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 270.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 270.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 270.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 270.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 270.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 244.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 244.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 244.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 244.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 244.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 244.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 192.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 192.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 192.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 192.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 192.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 192.50 60.00 -13.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 313.73 Td (PER SHARE DA) Tj ET Q q 0 0 0 rg BT 110.52 313.73 Td (T) Tj ET Q q 0 0 0 rg BT 115.27 313.73 Td (A) Tj ET Q q 0 0 0 rg BT 120.60 313.73 Td ( \(Note 19\):) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 300.75 Td (Net income / \(loss\) per shar) Tj ET Q q 0 0 0 rg BT 140.95 300.75 Td (e:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 287.75 Td (Continuing operations basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 287.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 287.75 Td (0.27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.00 287.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 287.75 Td (0.16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.00 287.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.60 287.75 Td (\(1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 287.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 274.75 Td (Continuing operations diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 274.75 Td (0.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 274.75 Td (0.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.60 274.75 Td (\(1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 274.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 261.75 Td (Discontinued operations basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 261.75 Td (0.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.60 261.75 Td (\(0.01) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.30 261.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 261.75 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 248.75 Td (Discontinued operations diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 248.75 Td (0.17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 248.75 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 248.75 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 235.75 Td (Attributable to CME Ltd. basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 235.75 Td (0.45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 235.75 Td (0.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.60 235.75 Td (\(1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 235.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 222.75 Td (Attributable to CME Ltd. diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 222.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 222.75 Td (0.42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.00 222.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.30 222.75 Td (0.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.00 222.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.60 222.75 Td (\(1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 222.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 196.75 Td (W) Tj ET Q q 0 0 0 rg BT 57.93 196.75 Td (eighted average common shar) Tj ET Q q 0 0 0 rg BT 154.28 196.75 Td (es used in computing per shar) Tj ET Q q 0 0 0 rg BT 250.20 196.75 Td (e amounts \(000) Tj ET Q q 0 0 0 rg BT 301.16 196.75 Td (s\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 183.75 Td (Basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.30 183.75 Td (230,562) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 183.75 Td (155,846) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 183.75 Td (151,017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 170.75 Td (Diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.30 170.75 Td (257,694) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 170.75 Td (236,404) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 170.75 Td (151,017) Tj ET Q BT /F1 8.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 164.80 151.40 Td (The accompanying notes ar) Tj ET Q q 0 0 0 rg BT 253.16 151.40 Td (e an integral part of these consolidated financial statements.) Tj ET Q endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.05 754.10 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 270.91 754.10 Td (TED ST) Tj ET Q q 0 0 0 rg BT 298.55 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 303.73 754.10 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 355.67 754.10 Td ( EQUITY) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.75 744.50 Td (\(US$ 000) Tj ET Q q 0 0 0 rg BT 288.01 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 333.86 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (42) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 658.50 78.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.00 658.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.00 658.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 658.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.00 658.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 658.50 30.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 658.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 658.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 658.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 658.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 658.50 46.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 658.50 53.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 658.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 658.50 51.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.00 658.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 658.50 37.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 622.50 78.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.00 622.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.00 622.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 622.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.00 622.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 622.50 30.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 622.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 622.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 622.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 622.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 622.50 46.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 622.50 53.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 622.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 622.50 51.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.00 622.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 622.50 37.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 586.50 78.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.00 586.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.00 586.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 586.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.00 586.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 586.50 30.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 586.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 586.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 586.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 586.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 586.50 46.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 586.50 53.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 586.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 586.50 51.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.00 586.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 586.50 37.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 550.50 78.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.00 550.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.00 550.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 550.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.00 550.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 550.50 30.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 550.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 550.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 550.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 550.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 550.50 46.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 550.50 53.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 550.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 550.50 51.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.00 550.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 550.50 37.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 514.50 78.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.00 514.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.00 514.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 514.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.00 514.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 514.50 30.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 514.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 514.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 514.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 514.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 514.50 46.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 514.50 53.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 514.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 514.50 51.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.00 514.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 514.50 37.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 478.50 78.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.00 478.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.00 478.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 478.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.00 478.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 478.50 30.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 478.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 478.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 478.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 478.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 478.50 46.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 478.50 53.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 478.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 478.50 51.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.00 478.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 478.50 37.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 442.50 78.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.00 442.50 34.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.00 442.50 26.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 442.50 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.00 442.50 41.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 442.50 30.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 442.50 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 442.50 34.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 442.50 26.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 442.50 41.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 442.50 46.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 442.50 53.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 442.50 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 442.50 51.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.00 442.50 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 442.50 37.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 398.50 78.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.00 398.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.00 398.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 398.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.00 398.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 398.50 30.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 398.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 398.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 398.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 398.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 398.50 46.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 398.50 53.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 398.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 398.50 51.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.00 398.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 398.50 37.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 362.50 78.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.00 362.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.00 362.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 362.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.00 362.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 362.50 30.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 362.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 362.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 362.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 362.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 362.50 46.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 362.50 53.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 362.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 362.50 51.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.00 362.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 362.50 37.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 326.50 78.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.00 326.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.00 326.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.00 326.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.00 326.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 326.50 30.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 326.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 326.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 326.50 26.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 326.50 41.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 326.50 46.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 326.50 53.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 326.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 326.50 51.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.00 326.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 326.50 37.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 290.50 78.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 128.00 290.50 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.00 290.50 26.00 -18.00 re f /GS0 gs 0.8 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128 658.5 m 162 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128 640.5 m 162 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 658.5 m 188 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 640.5 m 188 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 658.5 m 233 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 640.5 m 233 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 658.5 m 263 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 640.5 m 263 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 658.5 m 301 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 640.5 m 301 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 658.5 m 327 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 640.5 m 327 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 658.5 m 368 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 640.5 m 368 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 658.5 m 414 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 640.5 m 414 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 658.5 m 467 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 640.5 m 467 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 658.5 m 522 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 640.5 m 522 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 658.5 m 563 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 640.5 m 563 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 514.5 m 233 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 514.5 m 263 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 514.5 m 301 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 514.5 m 327 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 514.5 m 368 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 514.5 m 414 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 514.5 m 467 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 514.5 m 522 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128 514.5 m 162 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128 497.5 m 162 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128 495.5 m 162 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 514.5 m 188 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 497.5 m 188 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 495.5 m 188 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 514.5 m 233 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 497.5 m 233 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 495.5 m 233 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 514.5 m 263 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 497.5 m 263 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 495.5 m 263 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 514.5 m 301 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 497.5 m 301 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 495.5 m 301 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 514.5 m 327 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 497.5 m 327 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 495.5 m 327 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 514.5 m 368 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 497.5 m 368 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 495.5 m 368 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 514.5 m 414 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 497.5 m 414 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 495.5 m 414 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 514.5 m 467 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 497.5 m 467 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 495.5 m 467 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 514.5 m 522 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 497.5 m 522 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 495.5 m 522 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 514.5 m 563 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 497.5 m 563 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 495.5 m 563 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 495.5 m 233 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 497.5 m 233 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 495.5 m 263 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 497.5 m 263 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 495.5 m 301 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 497.5 m 301 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 495.5 m 327 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 497.5 m 327 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 495.5 m 368 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 497.5 m 368 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 495.5 m 414 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 497.5 m 414 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 495.5 m 467 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 497.5 m 467 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 495.5 m 522 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 497.5 m 522 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 344.5 m 233 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 344.5 m 263 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 344.5 m 301 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 344.5 m 327 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 344.5 m 368 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 344.5 m 414 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 344.5 m 467 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 344.5 m 471 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 344.5 m 522 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128 344.5 m 162 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128 327.5 m 162 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128 325.5 m 162 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 344.5 m 188 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 327.5 m 188 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 325.5 m 188 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 344.5 m 233 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 327.5 m 233 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 325.5 m 233 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 344.5 m 263 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 327.5 m 263 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 325.5 m 263 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 344.5 m 301 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 327.5 m 301 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 325.5 m 301 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 344.5 m 327 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 327.5 m 327 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 325.5 m 327 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 344.5 m 368 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 327.5 m 368 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 325.5 m 368 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 344.5 m 414 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 327.5 m 414 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 325.5 m 414 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 344.5 m 467 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 327.5 m 467 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 325.5 m 467 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 344.5 m 522 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 327.5 m 522 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 325.5 m 522 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 344.5 m 563 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 327.5 m 563 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 325.5 m 563 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 325.5 m 368 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 327.5 m 368 327.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 174.5 m 467 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 174.5 m 522 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128 174.5 m 162 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128 157.5 m 162 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128 155.5 m 162 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 174.5 m 188 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 157.5 m 188 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 162 155.5 m 188 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 174.5 m 233 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 157.5 m 233 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 155.5 m 233 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 174.5 m 263 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 157.5 m 263 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 155.5 m 263 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 174.5 m 301 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 157.5 m 301 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 155.5 m 301 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 174.5 m 327 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 157.5 m 327 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 155.5 m 327 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 174.5 m 368 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 157.5 m 368 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 155.5 m 368 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 174.5 m 414 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 157.5 m 414 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 155.5 m 414 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 174.5 m 467 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 157.5 m 467 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 155.5 m 467 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 174.5 m 471 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 157.5 m 471 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 155.5 m 471 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 174.5 m 522 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 157.5 m 522 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 155.5 m 522 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522 174.5 m 526 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522 157.5 m 526 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522 155.5 m 526 155.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 174.5 m 563 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 157.5 m 563 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 155.5 m 563 155.5 l s BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 719.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.60 719.56 Td (CME Ltd.) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.50 719.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.50 719.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 693.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 145.50 707.91 Td (Series ) Tj ET Q q 0 0 0 rg BT 164.75 707.91 Td (A) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 139.80 700.91 Td (Convertible) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 133.80 693.91 Td (Pr) Tj ET Q q 0 0 0 rg BT 141.06 693.91 Td (eferr) Tj ET Q q 0 0 0 rg BT 155.69 693.91 Td (ed Stock) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 216.00 700.56 Td (Class ) Tj ET Q q 0 0 0 rg BT 233.31 700.56 Td (A) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 203.95 693.56 Td (Common Stock) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 285.30 700.56 Td (Class B) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 273.45 693.56 Td (Common Stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 364.50 693.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 410.50 693.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 463.50 693.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 518.50 693.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.50 693.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 662.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 132.10 669.56 Td (Number) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 131.20 662.56 Td (of shar) Tj ET Q q 0 0 0 rg BT 151.94 662.56 Td (es) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 169.10 669.56 Td (Par) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 166.50 662.56 Td (value) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 195.80 669.56 Td (Number) Tj ET Q q 0 0 0 rg BT 220.62 669.56 Td ( of) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 202.50 662.56 Td (shar) Tj ET Q q 0 0 0 rg BT 215.66 662.56 Td (es) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 242.10 669.56 Td (Par) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 239.50 662.56 Td (value) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 271.10 669.56 Td (Number) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 270.20 662.56 Td (of shar) Tj ET Q q 0 0 0 rg BT 290.94 662.56 Td (es) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 308.10 669.56 Td (Par) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 305.50 662.56 Td (value) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 332.60 676.56 Td (Additional) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 341.90 669.56 Td (Paid-In) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 342.30 662.56 Td (Capital) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 370.80 669.56 Td (Accumulated) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 390.65 662.56 Td (Deficit) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 423.80 682.26 Td (Accumulated) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 445.70 675.26 Td (Other) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 416.95 668.26 Td (Compr) Tj ET Q q 0 0 0 rg BT 438.27 668.26 Td (ehensive) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 449.85 661.26 Td (Loss) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 473.50 669.56 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 501.82 669.56 Td (olling) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 495.30 662.56 Td (Inter) Tj ET Q q 0 0 0 rg BT 510.40 662.56 Td (est) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 544.15 676.56 Td (T) Tj ET Q q 0 0 0 rg BT 548.18 676.56 Td (otal) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 535.55 669.56 Td (Equity /) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 535.00 662.56 Td (\(Deficit\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 651.26 Td (BALANCE ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 644.26 Td (December) Tj ET Q q 0 0 0 rg BT 82.69 644.26 Td ( 31, 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 155.65 644.56 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 164.50 644.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 178.15 644.56 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 195.10 644.56 Td (135,804,221) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 235.50 644.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 240.85 644.56 Td (10,864) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 291.15 644.56 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 303.50 644.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 317.15 644.56 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 329.50 644.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 337.10 644.56 Td (1,914,050) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 370.50 644.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 380.80 644.61 Td (\(1,605,245) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 411.15 644.56 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 416.50 644.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 439.05 644.61 Td (\(242,409) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 464.15 644.56 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 473.50 644.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 503.40 644.56 Td (1,381) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 528.50 644.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 540.85 644.56 Td (78,641) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 633.15 Td (Stock-based) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 626.15 Td (compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 626.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 626.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 626.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 626.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 626.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 626.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.40 626.55 Td (3,510) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 626.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 626.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 626.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 544.40 626.55 Td (3,510) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 615.15 Td (Exercise of warrants) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 608.15 Td (\(Note 13\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 608.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 608.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 202.10 608.55 Td (6,996,955) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 249.65 608.55 Td (560) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 608.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 608.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.40 608.55 Td (6,437) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 608.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 608.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 608.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 544.40 608.55 Td (6,997) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 597.15 Td (Share issuance, stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 590.15 Td (based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 590.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 590.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 207.35 590.55 Td (648,737) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 590.55 Td (52) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 590.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 590.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 355.80 590.60 Td (\(52) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 365.15 590.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 590.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 590.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 590.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 553.15 590.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 579.15 Td (Preferred dividend paid) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 572.15 Td (in kind) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 572.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 572.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 572.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 572.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 572.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 572.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 343.55 572.60 Td (\(13,701) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 365.15 572.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 572.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 572.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 572.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 538.55 572.60 Td (\(13,701) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 560.15 572.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 557.85 Td (Net loss) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 554.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 554.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 554.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 554.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 554.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 554.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.15 554.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 386.05 554.60 Td (\(180,291) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 411.15 554.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 554.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 506.30 554.60 Td (\(306) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 519.15 554.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 535.05 554.60 Td (\(180,597) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 560.15 554.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 543.15 Td (Unrealized loss on) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 536.15 Td (derivative instruments) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 536.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 536.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 536.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 536.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 536.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 536.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.15 536.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 536.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 446.05 536.60 Td (\(3,031) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.15 536.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 536.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 542.05 536.60 Td (\(3,031) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 560.15 536.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 525.15 Td (Currency translation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 518.15 Td (adjustment) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 518.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 518.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 518.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 518.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 518.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 518.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.15 518.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 518.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 448.40 518.55 Td (1,452) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.65 518.55 Td (197) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 544.40 518.55 Td (1,649) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 507.26 Td (BALANCE ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 500.26 Td (December) Tj ET Q q 0 0 0 rg BT 82.69 500.26 Td ( 31, 2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 155.65 500.56 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 164.50 500.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 178.15 500.56 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 195.10 500.56 Td (143,449,913) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 235.50 500.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 240.85 500.56 Td (1) Tj ET Q q 0 0 0 rg BT 244.35 500.56 Td (1,476) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 291.15 500.56 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 303.50 500.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 317.15 500.56 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 329.50 500.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 337.10 500.56 Td (1,910,244) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 370.50 500.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 380.80 500.61 Td (\(1,785,536) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 411.15 500.56 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 416.50 500.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 439.05 500.61 Td (\(243,988) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 464.15 500.56 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 473.50 500.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 503.40 500.56 Td (1,272) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 528.50 500.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 535.05 500.61 Td (\(106,532) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 500.56 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 489.15 Td (Stock-based) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 482.15 Td (compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 482.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 482.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 482.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 482.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 482.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 482.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.40 482.55 Td (4,412) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 482.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 482.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 482.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 544.40 482.55 Td (4,412) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 471.15 Td (Exercise of warrants) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 464.15 Td (\(Note 13\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 464.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 464.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 202.10 464.55 Td (1,148,469) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 464.55 Td (92) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 464.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 464.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.40 464.55 Td (1,056) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 464.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 464.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 464.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 544.40 464.55 Td (1,148) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 453.15 Td (Share issuance, stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 446.15 Td (based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 446.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 446.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 207.35 446.55 Td (888,1) Tj ET Q q 0 0 0 rg BT 223.10 446.55 Td (15) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 446.55 Td (71) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 446.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 446.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 355.80 446.60 Td (\(71) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 365.15 446.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 446.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 446.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 446.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 553.15 446.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 434.85 Td (W) Tj ET Q q 0 0 0 rg BT 58.97 434.85 Td (ithholding tax on net) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 427.85 Td (share settlement of stock-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 420.85 Td (based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 420.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 420.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 420.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 420.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 420.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 420.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 352.30 420.60 Td (\(168) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 365.15 420.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 420.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 420.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 420.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 547.30 420.60 Td (\(168) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 560.15 420.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 409.15 Td (Preferred dividend paid) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 402.15 Td (in kind) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 402.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 402.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 402.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 402.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 402.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 402.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 347.05 402.60 Td (\(9,694) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 365.15 402.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 402.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 402.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 402.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 542.05 402.60 Td (\(9,694) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 560.15 402.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 387.85 Td (Net income / \(loss\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 384.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 384.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 384.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 384.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 384.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 384.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.15 384.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 391.90 384.55 Td (49,768) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 384.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 506.30 384.60 Td (\(341) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 519.15 384.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 540.85 384.55 Td (49,427) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 373.15 Td (Unrealized gain on) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 366.15 Td (derivative instruments) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 366.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 366.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 366.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 366.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 366.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 366.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.15 366.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 366.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 448.40 366.55 Td (1,269) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 366.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 544.40 366.55 Td (1,269) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 355.15 Td (Currency translation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 348.15 Td (adjustment) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 348.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 348.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 348.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 348.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 348.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 348.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.15 348.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 348.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.90 348.55 Td (55,281) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 506.30 348.60 Td (\(913) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 519.15 348.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 540.85 348.55 Td (54,368) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 337.26 Td (BALANCE ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 330.26 Td (December) Tj ET Q q 0 0 0 rg BT 82.69 330.26 Td ( 31, 2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 155.65 330.56 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 164.50 330.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 178.15 330.56 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 195.10 330.56 Td (145,486,497) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 235.50 330.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 240.85 330.56 Td (1) Tj ET Q q 0 0 0 rg BT 244.35 330.56 Td (1,639) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 291.15 330.56 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 303.50 330.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 317.15 330.56 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 329.50 330.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 337.10 330.56 Td (1,905,779) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 370.50 330.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 380.80 330.61 Td (\(1,735,768) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 411.15 330.56 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 416.50 330.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 439.05 330.61 Td (\(187,438) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 464.15 330.56 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 473.50 330.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 512.15 330.56 Td (18) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 528.50 330.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 542.05 330.61 Td (\(5,770) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 330.56 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 319.15 Td (Stock-based) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 312.15 Td (compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 312.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 312.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 312.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 312.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 312.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 312.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.40 312.55 Td (7,083) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 312.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 312.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 312.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 544.40 312.55 Td (7,083) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 301.15 Td (Exercise of warrants) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 294.15 Td (\(Note 13\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 294.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 294.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 195.10 294.55 Td (105,652,401) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 244.35 294.55 Td (8,452) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 294.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 294.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 345.90 294.55 Td (97,200) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 294.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 294.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 294.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 537.35 294.55 Td (105,652) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 283.15 Td (Share issuance, stock-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 276.15 Td (based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 276.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 276.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 202.10 276.55 Td (1,714,656) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 249.65 276.55 Td (137) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 276.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 276.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 352.30 276.60 Td (\(137) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 365.15 276.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 276.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 276.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 276.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 553.15 276.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 264.85 Td (W) Tj ET Q q 0 0 0 rg BT 58.97 264.85 Td (ithholding tax on net) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 257.85 Td (share settlement of stock-) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 250.85 Td (based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 250.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 250.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 250.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 250.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 250.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 250.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 347.05 250.60 Td (\(1,630) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 365.15 250.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 250.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 250.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 250.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 542.05 250.60 Td (\(1,630) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 560.15 250.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 239.15 Td (Preferred dividend paid) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 232.15 Td (in kind) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 232.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 232.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 232.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 232.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 232.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 232.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 347.05 232.60 Td (\(4,777) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 365.15 232.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 232.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 232.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 232.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 542.05 232.60 Td (\(4,777) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 560.15 232.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 217.85 Td (Net income / \(loss\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 214.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 214.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 214.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 214.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 214.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 214.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.15 214.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 388.40 214.55 Td (157,692) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 457.15 214.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 509.80 214.60 Td (\(79) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 519.15 214.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 537.35 214.55 Td (157,613) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 203.15 Td (Unrealized loss on) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 196.15 Td (derivative instruments) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 446.05 196.60 Td (\(5,800) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.15 196.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 512.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 542.05 196.60 Td (\(5,800) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 560.15 196.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 185.15 Td (Currency translation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 178.15 Td (adjustment) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 152.15 178.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 178.15 178.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.15 178.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 253.15 178.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.15 178.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.15 178.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.15 178.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.15 178.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 442.55 178.60 Td (\(23,412) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.15 178.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 508.65 178.55 Td (362) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 538.55 178.60 Td (\(23,050) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 560.15 178.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 167.26 Td (BALANCE ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 160.26 Td (December) Tj ET Q q 0 0 0 rg BT 82.69 160.26 Td ( 31, 2018) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 155.65 160.56 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 164.50 160.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 178.15 160.56 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 195.10 160.56 Td (252,853,554) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 235.50 160.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 240.85 160.56 Td (20,228) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 291.15 160.56 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 303.50 160.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 317.15 160.56 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 329.50 160.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 337.10 160.56 Td (2,003,518) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 370.50 160.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 380.80 160.61 Td (\(1,578,076) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 411.15 160.56 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 416.50 160.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 439.05 160.61 Td (\(216,650) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 464.15 160.56 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 473.50 160.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 508.65 160.56 Td (301) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 528.50 160.56 Td ($) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 537.35 160.56 Td (229,321) Tj ET Q BT /F1 8.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 164.80 141.40 Td (The accompanying notes ar) Tj ET Q q 0 0 0 rg BT 253.16 141.40 Td (e an integral part of these consolidated financial statements.) Tj ET Q endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) 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119.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 107.5 m 446 107.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 105.5 m 446 105.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 119.5 m 504 119.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 107.5 m 504 107.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 105.5 m 504 105.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 119.5 m 562 119.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 107.5 m 562 107.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 105.5 m 562 105.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.60 719.73 Td (For) Tj ET Q q 0 0 0 rg BT 429.89 719.73 Td ( ) Tj ET Q q 0 0 0 rg BT 431.75 719.73 Td (The ) Tj ET Q q 0 0 0 rg BT 446.79 719.73 Td (Y) Tj ET Q q 0 0 0 rg BT 451.68 719.73 Td (ear) Tj ET Q q 0 0 0 rg BT 462.64 719.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 523.37 719.73 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 706.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.50 706.73 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.50 706.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 706.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 693.73 Td (CASH FLOWS FROM OPERA) Tj ET Q q 0 0 0 rg BT 161.76 693.73 Td (TING ) Tj ET Q q 0 0 0 rg BT 183.69 693.73 Td (ACTIVITIES:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.50 693.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 693.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 680.73 Td (Net income / \(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.50 680.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.75 680.73 Td (157,613) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 680.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.75 680.73 Td (49,427) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.50 680.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 680.73 Td (\(180,597) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 680.73 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 667.75 Td (Adjustments to reconcile net income / \(loss\) to net cash generated from continuing operating activities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.50 667.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 654.75 Td (\(Income\) / loss from discontinued operations, net of tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.10 654.75 Td (\(60,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 654.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 654.75 Td (1,636) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 654.75 Td (918) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 641.75 Td (Amortization of program rights) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.75 641.75 Td (309,439) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.75 641.75 Td (293,728) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.75 641.75 Td (275,746) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 628.75 Td (Depreciation and other amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.75 628.75 Td (46,437) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.75 628.75 Td (45,871) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.75 628.75 Td (57,817) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 615.75 Td (Interest and related Guarantee Fees paid in kind) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.80 615.75 Td (3,783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.75 615.75 Td (23,331) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.75 615.75 Td (42,074) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 602.75 Td (Loss on extinguishment of debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 602.75 Td (415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 602.75 Td (101) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.75 602.75 Td (150,158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 589.75 Td (Gain on disposal of fixed assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.10 589.75 Td (\(90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 589.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.10 589.75 Td (\(108) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 589.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 589.75 Td (\(299) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 589.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 576.75 Td (Deferred income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.80 576.75 Td (2,734) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.10 576.75 Td (\(483) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 576.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 576.75 Td (1,424) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 563.75 Td (Stock-based compensation \(Note 17\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.80 563.75 Td (7,083) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 563.75 Td (4,412) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 563.75 Td (3,510) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 550.75 Td (Change in fair value of derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.80 550.75 Td (1,322) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 550.75 Td (231) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.75 550.75 Td (1) Tj ET Q q 0 0 0 rg BT 540.75 550.75 Td (1,473) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 537.75 Td (Foreign currency exchange loss / \(gain\), net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.80 537.75 Td (2,376) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.10 537.75 Td (\(13,773) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 537.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 537.75 Td (\(8,891) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 537.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 524.75 Td (Changes in assets and liabilities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.50 524.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 511.75 Td (Accounts receivable, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.10 511.75 Td (\(16,461) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 511.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.10 511.75 Td (\(325) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 511.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 511.75 Td (\(18,972) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 511.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 498.75 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.10 498.75 Td (\(8,597) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 498.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.10 498.75 Td (\(1,588) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 498.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 498.75 Td (3,881) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 485.75 Td (Program rights) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.10 485.75 Td (\(307,490) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 485.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.10 485.75 Td (\(310,798) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 485.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 485.75 Td (\(287,357) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 485.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 472.75 Td (Other assets and liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 472.75 Td (587) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 472.75 Td (3,385) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 472.75 Td (261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 459.75 Td (Accrued interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.10 459.75 Td (\(31,338) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 459.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.10 459.75 Td (\(3,727) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 459.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 459.75 Td (\(133,723) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 459.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 446.75 Td (Income taxes payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.10 446.75 Td (\(2,878) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 446.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 446.75 Td (7,554) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 446.75 Td (5,162) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 433.75 Td (Deferred revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.80 433.75 Td (6,293) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.10 433.75 Td (\(2,272) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 433.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 433.75 Td (\(852) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 433.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 420.75 Td (V) Tj ET Q q 0 0 0 rg BT 75.25 420.75 Td (A) Tj ET Q q 0 0 0 rg BT 80.14 420.75 Td (T) Tj ET Q q 0 0 0 rg BT 84.88 420.75 Td ( and other taxes payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.10 420.75 Td (\(1,656) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 420.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.10 420.75 Td (\(3,301) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 420.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 420.75 Td (1,028) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 407.73 Td (Net cash generated fr) Tj ET Q q 0 0 0 rg BT 125.51 407.73 Td (om / \(used in\) continuing operating activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.50 407.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.75 407.73 Td (109,024) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 407.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.75 407.73 Td (93,301) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.50 407.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 407.73 Td (\(77,239) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 407.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 388.73 Td (CASH FLOWS FROM INVESTING ) Tj ET Q q 0 0 0 rg BT 180.74 388.73 Td (ACTIVITIES:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.50 388.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.50 388.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 375.75 Td (Purchase of property) Tj ET Q q 0 0 0 rg BT 124.88 375.75 Td (, plant and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.50 375.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.10 375.75 Td (\(24,583) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 375.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 375.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.10 375.75 Td (\(28,1) Tj ET Q q 0 0 0 rg BT 492.76 375.75 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 375.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.50 375.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 375.75 Td (\(26,736) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 375.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 362.75 Td (Proceeds from disposal of property) Tj ET Q q 0 0 0 rg BT 170.66 362.75 Td (, plant and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.80 362.75 Td (43) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 362.75 Td (168) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 362.75 Td (21) Tj ET Q q 0 0 0 rg BT 554.80 362.75 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 349.73 Td (Net cash used in continuing investing activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.50 349.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.10 349.73 Td (\(24,540) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 349.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 349.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.10 349.73 Td (\(27,947) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 349.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.50 349.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 349.73 Td (\(26,525) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 349.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 330.73 Td (CASH FLOWS FROM FINANCING ) Tj ET Q q 0 0 0 rg BT 182.06 330.73 Td (ACTIVITIES:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.50 330.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.50 330.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 317.75 Td (Proceeds from debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.50 317.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.80 317.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 317.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.80 317.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.50 317.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.75 317.75 Td (533,963) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 304.75 Td (Repayments of debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.10 304.75 Td (\(270,780) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 304.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.10 304.75 Td (\(59,060) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 304.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 304.75 Td (\(430,030) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 304.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 291.75 Td (Debt transactions costs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.10 291.75 Td (\(10,746) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 291.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.10 291.75 Td (\(106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 291.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 291.75 Td (\(9,541) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 291.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 278.75 Td (Payment of credit facilities and capital leases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.10 278.75 Td (\(4,858) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 278.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.10 278.75 Td (\(2,999) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 278.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 278.75 Td (\(1,357) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 278.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 265.75 Td (Settlement of forward currency swaps) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.80 265.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.80 265.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 265.75 Td (\(12,106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 265.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 252.75 Td (Proceeds from exercise of warrants) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.75 252.75 Td (105,652) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 252.75 Td (1,148) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 252.75 Td (6,997) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 239.75 Td (Proceeds from sale-leaseback transactions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.80 239.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 239.75 Td (2,746) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 239.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 226.75 Td (Payments of withholding tax on net share settlement of stock-based compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.10 226.75 Td (\(1,630) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 226.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.10 226.75 Td (\(168) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 226.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 226.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 213.73 Td (Net cash \(used in\) / pr) Tj ET Q q 0 0 0 rg BT 127.32 213.73 Td (ovided by continuing financing activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.50 213.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.10 213.73 Td (\(182,362) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 213.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 213.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.10 213.73 Td (\(58,439) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 213.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.50 213.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.75 213.73 Td (87,926) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 194.75 Td (Net cash provided by / \(used in\) discontinued operations - operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.80 194.75 Td (1,842) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 194.75 Td (736) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 194.75 Td (\(149) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 194.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 181.75 Td (Net cash provided by / \(used in\) discontinued operations - investing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.75 181.75 Td (100,724) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.10 181.75 Td (\(877) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 181.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 181.75 Td (\(1,638) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 181.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 168.75 Td (Net cash used in discontinued operations - financing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.80 168.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.80 168.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 168.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 149.75 Td (Impact of exchange rate fluctuations on cash) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.10 149.75 Td (\(1,405) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 149.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.75 149.75 Td (1) Tj ET Q q 0 0 0 rg BT 482.75 149.75 Td (1,020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 149.75 Td (\(862) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 149.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 136.75 Td (Net increase / \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.50 136.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.80 136.75 Td (3,283) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 136.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.75 136.75 Td (17,794) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.50 136.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 136.75 Td (\(18,487) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 136.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 123.73 Td (CASH ) Tj ET Q q 0 0 0 rg BT 76.51 123.73 Td (AND CASH EQUIV) Tj ET Q q 0 0 0 rg BT 145.55 123.73 Td (ALENTS, beginning of year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.75 123.73 Td (58,748) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.75 123.73 Td (40,954) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.75 123.73 Td (59,441) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 110.73 Td (CASH ) Tj ET Q q 0 0 0 rg BT 76.29 110.73 Td (AND CASH EQUIV) Tj ET Q q 0 0 0 rg BT 145.04 110.73 Td (ALENTS, end of year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.50 110.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.75 110.73 Td (62,031) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 110.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.75 110.73 Td (58,748) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.50 110.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.75 110.73 Td (40,954) Tj ET Q BT /F1 8.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 164.80 91.40 Td (The accompanying notes ar) Tj ET Q q 0 0 0 rg BT 253.16 91.40 Td (e an integral part of these consolidated financial statements.) 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Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.10 754.10 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 259.96 754.10 Td (TED ST) Tj ET Q q 0 0 0 rg BT 287.60 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 292.78 754.10 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 344.72 754.10 Td ( CASH FLOWS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.45 744.50 Td (\(US$ 000) Tj ET Q q 0 0 0 rg BT 319.71 744.50 Td (s\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (44) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 715.50 342.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 715.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 715.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 715.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 715.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 715.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 689.50 342.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 689.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 689.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 689.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 689.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 689.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 616.50 342.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 616.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 616.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 616.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 616.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 616.50 54.00 -13.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 719.73 Td (SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 106.38 719.73 Td (AL) Tj ET Q q 0 0 0 rg BT 116.97 719.73 Td ( DISCLOSURE OF) Tj ET Q q 0 0 0 rg BT 183.73 719.73 Td ( CASH FLOW) Tj ET Q q 0 0 0 rg BT 234.18 719.73 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 274.91 719.73 Td (TION:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 719.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.00 719.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 706.75 Td (Cash paid for interest \(including mandatory cash-pay Guarantee Fees\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 706.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.25 706.75 Td (43,350) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.00 706.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.25 706.75 Td (47,197) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.00 706.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.25 706.75 Td (53,977) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 693.75 Td (Cash paid for Guarantee Fees previously paid in kind) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.25 693.75 Td (27,328) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.30 693.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.25 693.75 Td (22,358) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 680.75 Td (Cash paid for Guarantee Fees that may be paid in kind) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 680.75 Td (812) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.30 680.75 Td (8,343) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 680.75 Td (8,349) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 667.75 Td (Cash paid for income taxes, net of refunds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.25 667.75 Td (28,365) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.25 667.75 Td (15,143) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 667.75 Td (290) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 641.73 Td (SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 106.08 641.73 Td (AL) Tj ET Q q 0 0 0 rg BT 116.75 641.73 Td ( DISCLOSURE OF) Tj ET Q q 0 0 0 rg BT 183.58 641.73 Td ( NON-CASH FINANCING ) Tj ET Q q 0 0 0 rg BT 278.03 641.73 Td (AND INVESTING) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 633.73 Td (ACTIVITIES:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 620.75 Td (Accretion on Series B Convertible Redeemable Preferred Stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.00 620.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 620.75 Td (4,777) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.00 620.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.30 620.75 Td (9,694) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.00 620.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.25 620.75 Td (13,701) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 607.75 Td (Acquisition of property) Tj ET Q q 0 0 0 rg BT 126.58 607.75 Td (, plant and equipment under capital lease) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.25 607.75 Td (13,419) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.30 607.75 Td (8,81) Tj ET Q q 0 0 0 rg BT 496.30 607.75 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 607.75 Td (1,193) Tj ET Q BT /F1 8.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 164.80 588.40 Td (The accompanying notes ar) Tj ET Q q 0 0 0 rg BT 253.16 588.40 Td (e an integral part of these consolidated financial statements.) Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (45) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 701.90 Td (1. ) Tj ET Q q 0 0 0 rg BT 67.50 701.90 Td (ORGANIZA) Tj ET Q q 0 0 0 rg BT 110.91 701.90 Td (TION ) Tj ET Q q 0 0 0 rg BT 132.92 701.90 Td (AND ) Tj ET Q q 0 0 0 rg BT 152.25 701.90 Td (BUSINESS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 686.30 Td (Central ) Tj ET Q q 0 0 0 rg BT 74.80 686.30 Td (European ) Tj ET Q q 0 0 0 rg BT 107.20 686.30 Td (Media ) Tj ET Q q 0 0 0 rg BT 129.39 686.30 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 167.13 686.30 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 183.98 686.30 Td (a ) Tj ET Q q 0 0 0 rg BT 189.29 686.30 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 220.36 686.30 Td (company ) Tj ET Q q 0 0 0 rg BT 251.43 686.30 Td (limited ) Tj ET Q q 0 0 0 rg BT 275.85 686.30 Td (by ) Tj ET Q q 0 0 0 rg BT 285.60 686.30 Td (shares, ) Tj ET Q q 0 0 0 rg BT 309.34 686.30 Td (is ) Tj ET Q q 0 0 0 rg BT 316.43 686.30 Td (a ) Tj ET Q q 0 0 0 rg BT 321.73 686.30 Td (media ) Tj ET Q q 0 0 0 rg BT 343.02 686.30 Td (and ) Tj ET Q q 0 0 0 rg BT 356.32 686.30 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 402.05 686.30 Td (company ) Tj ET Q q 0 0 0 rg BT 433.13 686.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 465.09 686.30 Td (in ) Tj ET Q q 0 0 0 rg BT 473.06 686.30 Td (Central ) Tj ET Q q 0 0 0 rg BT 498.36 686.30 Td (and ) Tj ET Q q 0 0 0 rg BT 511.66 686.30 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 537.40 686.30 Td (Europe. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 676.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.19 676.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 85.10 676.70 Td (are ) Tj ET Q q 0 0 0 rg BT 97.12 676.70 Td (held ) Tj ET Q q 0 0 0 rg BT 113.14 676.70 Td (through ) Tj ET Q q 0 0 0 rg BT 140.27 676.70 Td (a ) Tj ET Q q 0 0 0 rg BT 146.07 676.70 Td (series ) Tj ET Q q 0 0 0 rg BT 166.53 676.70 Td (of ) Tj ET Q q 0 0 0 rg BT 175.45 676.70 Td (Dutch ) Tj ET Q q 0 0 0 rg BT 197.24 676.70 Td (and ) Tj ET Q q 0 0 0 rg BT 211.04 676.70 Td (Curaao ) Tj ET Q q 0 0 0 rg BT 239.94 676.70 Td (holding ) Tj ET Q q 0 0 0 rg BT 266.64 676.70 Td (companies. ) Tj ET Q q 0 0 0 rg BT 304.93 676.70 Td (W) Tj ET Q q 0 0 0 rg BT 311.84 676.70 Td (e ) Tj ET Q q 0 0 0 rg BT 317.64 676.70 Td (manage ) Tj ET Q q 0 0 0 rg BT 344.77 676.70 Td (our ) Tj ET Q q 0 0 0 rg BT 357.68 676.70 Td (business ) Tj ET Q q 0 0 0 rg BT 387.04 676.70 Td (on ) Tj ET Q q 0 0 0 rg BT 397.29 676.70 Td (a ) Tj ET Q q 0 0 0 rg BT 403.09 676.70 Td (geographical ) Tj ET Q q 0 0 0 rg BT 446.65 676.70 Td (basis, ) Tj ET Q q 0 0 0 rg BT 466.89 676.70 Td (with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.36 676.70 Td (five) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.80 676.70 Td ( ) Tj ET Q q 0 0 0 rg BT 498.05 676.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 530.51 676.70 Td (segments; ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 667.10 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 81.21 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.15 667.10 Td (Czech ) Tj ET Q q 0 0 0 rg BT 115.30 667.10 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 148.34 667.10 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 181.39 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.33 667.10 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 217.71 667.10 Td (Republic ) Tj ET Q q 0 0 0 rg BT 248.76 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.47 667.10 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 294.63 667.10 Td (which ) Tj ET Q q 0 0 0 rg BT 316.34 667.10 Td (are ) Tj ET Q q 0 0 0 rg BT 328.27 667.10 Td (also ) Tj ET Q q 0 0 0 rg BT 343.32 667.10 Td (our ) Tj ET Q q 0 0 0 rg BT 356.15 667.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 390.74 667.10 Td (segments ) Tj ET Q q 0 0 0 rg BT 422.68 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.39 667.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.22 667.10 Td (main ) Tj ET Q q 0 0 0 rg BT 467.38 667.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 499.75 667.10 Td (countries. ) Tj ET Q q 0 0 0 rg BT 533.24 667.10 Td (See ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.95 667.10 Td (Note ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 657.50 Td (20, ) Tj ET Q q 0 0 0 rg BT 61.57 657.50 Td ("Segment ) Tj ET Q q 0 0 0 rg BT 94.90 657.50 Td (Data") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.27 657.50 Td ( ) Tj ET Q q 0 0 0 rg BT 115.34 657.50 Td (for ) Tj ET Q q 0 0 0 rg BT 126.74 657.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 156.80 657.50 Td (information ) Tj ET Q q 0 0 0 rg BT 196.64 657.50 Td (by ) Tj ET Q q 0 0 0 rg BT 206.71 657.50 Td (segment. ) Tj ET Q q 0 0 0 rg BT 237.44 657.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 251.95 657.50 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 286.02 657.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 321.42 657.50 Td (were ) Tj ET Q q 0 0 0 rg BT 339.03 657.50 Td (previously ) Tj ET Q q 0 0 0 rg BT 374.88 657.50 Td (classified ) Tj ET Q q 0 0 0 rg BT 407.16 657.50 Td (as ) Tj ET Q q 0 0 0 rg BT 415.89 657.50 Td (held ) Tj ET Q q 0 0 0 rg BT 431.74 657.50 Td (for ) Tj ET Q q 0 0 0 rg BT 443.14 657.50 Td (sale ) Tj ET Q q 0 0 0 rg BT 457.65 657.50 Td (and ) Tj ET Q q 0 0 0 rg BT 471.27 657.50 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 514.22 657.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 549.62 657.50 Td (\(see ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 647.90 Td (Note ) Tj ET Q q 0 0 0 rg BT 67.05 647.90 Td (3, ) Tj ET Q q 0 0 0 rg BT 75.05 647.90 Td ("Discontinued ) Tj ET Q q 0 0 0 rg BT 122.98 647.90 Td (Operations ) Tj ET Q q 0 0 0 rg BT 160.08 647.90 Td (and ) Tj ET Q q 0 0 0 rg BT 173.19 647.90 Td (Assets ) Tj ET Q q 0 0 0 rg BT 196.08 647.90 Td (Held ) Tj ET Q q 0 0 0 rg BT 213.63 647.90 Td (for ) Tj ET Q q 0 0 0 rg BT 224.96 647.90 Td (Sale") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 647.90 Td (\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 632.30 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 632.30 Td (e ) Tj ET Q q 0 0 0 rg BT 62.12 632.30 Td (are ) Tj ET Q q 0 0 0 rg BT 74.04 632.30 Td (the ) Tj ET Q q 0 0 0 rg BT 85.97 632.30 Td (market-leading ) Tj ET Q q 0 0 0 rg BT 136.55 632.30 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 178.68 632.30 Td (in ) Tj ET Q q 0 0 0 rg BT 187.06 632.30 Td (each ) Tj ET Q q 0 0 0 rg BT 203.87 632.30 Td (of ) Tj ET Q q 0 0 0 rg BT 212.69 632.30 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.51 632.30 Td (five) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.95 632.30 Td ( ) Tj ET Q q 0 0 0 rg BT 240.11 632.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 272.47 632.30 Td (countries ) Tj ET Q q 0 0 0 rg BT 303.95 632.30 Td (with ) Tj ET Q q 0 0 0 rg BT 320.33 632.30 Td (a ) Tj ET Q q 0 0 0 rg BT 326.04 632.30 Td (combined ) Tj ET Q q 0 0 0 rg BT 359.74 632.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 389.89 632.30 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.71 632.30 Td (31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.71 632.30 Td ( ) Tj ET Q q 0 0 0 rg BT 408.87 632.30 Td (television ) Tj ET Q q 0 0 0 rg BT 442.13 632.30 Td (channels. ) Tj ET Q q 0 0 0 rg BT 474.28 632.30 Td (Each ) Tj ET Q q 0 0 0 rg BT 492.42 632.30 Td (country ) Tj ET Q q 0 0 0 rg BT 519.02 632.30 Td (also ) Tj ET Q q 0 0 0 rg BT 534.06 632.30 Td (develops ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 622.70 Td (and ) Tj ET Q q 0 0 0 rg BT 63.25 622.70 Td (produces ) Tj ET Q q 0 0 0 rg BT 94.33 622.70 Td (content ) Tj ET Q q 0 0 0 rg BT 120.07 622.70 Td (for ) Tj ET Q q 0 0 0 rg BT 131.60 622.70 Td (their ) Tj ET Q q 0 0 0 rg BT 148.46 622.70 Td (television ) Tj ET Q q 0 0 0 rg BT 181.76 622.70 Td (channels. ) Tj ET Q q 0 0 0 rg BT 213.79 622.70 Td (W) Tj ET Q q 0 0 0 rg BT 220.70 622.70 Td (e ) Tj ET Q q 0 0 0 rg BT 226.45 622.70 Td (generate ) Tj ET Q q 0 0 0 rg BT 255.73 622.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 293.48 622.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 324.11 622.70 Td (in ) Tj ET Q q 0 0 0 rg BT 332.53 622.70 Td (our ) Tj ET Q q 0 0 0 rg BT 345.39 622.70 Td (country ) Tj ET Q q 0 0 0 rg BT 372.03 622.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 407.55 622.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 439.52 622.70 Td (through ) Tj ET Q q 0 0 0 rg BT 466.60 622.70 Td (entering ) Tj ET Q q 0 0 0 rg BT 495.01 622.70 Td (into ) Tj ET Q q 0 0 0 rg BT 509.65 622.70 Td (agreements ) Tj ET Q q 0 0 0 rg BT 548.28 622.70 Td (with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 613.10 Td (advertisers, ) Tj ET Q q 0 0 0 rg BT 88.11 613.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 125.61 613.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 155.11 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.61 613.10 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 198.57 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.75 613.10 Td (place ) Tj ET Q q 0 0 0 rg BT 225.58 613.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 263.09 613.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.04 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.77 613.10 Td (television ) Tj ET Q q 0 0 0 rg BT 317.83 613.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 347.78 613.10 Td (that ) Tj ET Q q 0 0 0 rg BT 361.73 613.10 Td (we ) Tj ET Q q 0 0 0 rg BT 373.01 613.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 400.37 613.10 Td (W) Tj ET Q q 0 0 0 rg BT 407.28 613.10 Td (e ) Tj ET Q q 0 0 0 rg BT 412.78 613.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 441.83 613.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 475.78 613.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 506.16 613.10 Td (by ) Tj ET Q q 0 0 0 rg BT 516.12 613.10 Td (collecting ) Tj ET Q q 0 0 0 rg BT 549.62 613.10 Td (fees ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 603.50 Td (from ) Tj ET Q q 0 0 0 rg BT 67.17 603.50 Td (cable, ) Tj ET Q q 0 0 0 rg BT 88.16 603.50 Td (DTH ) Tj ET Q q 0 0 0 rg BT 106.71 603.50 Td (and ) Tj ET Q q 0 0 0 rg BT 120.38 603.50 Td (IPTV) Tj ET Q q 0 0 0 rg BT 138.01 603.50 Td ( ) Tj ET Q q 0 0 0 rg BT 140.13 603.50 Td (operators ) Tj ET Q q 0 0 0 rg BT 172.01 603.50 Td (for ) Tj ET Q q 0 0 0 rg BT 183.45 603.50 Td (carriage ) Tj ET Q q 0 0 0 rg BT 211.32 603.50 Td (of ) Tj ET Q q 0 0 0 rg BT 220.10 603.50 Td (our ) Tj ET Q q 0 0 0 rg BT 232.88 603.50 Td (channels. ) Tj ET Q q 0 0 0 rg BT 264.98 603.50 Td (Unless ) Tj ET Q q 0 0 0 rg BT 288.88 603.50 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 322.09 603.50 Td (indicated, ) Tj ET Q q 0 0 0 rg BT 355.53 603.50 Td (we ) Tj ET Q q 0 0 0 rg BT 366.97 603.50 Td (own ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.86 603.50 Td (100%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.53 603.50 Td ( ) Tj ET Q q 0 0 0 rg BT 403.64 603.50 Td (of ) Tj ET Q q 0 0 0 rg BT 412.42 603.50 Td (our ) Tj ET Q q 0 0 0 rg BT 425.20 603.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 457.97 603.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 490.29 603.50 Td (and ) Tj ET Q q 0 0 0 rg BT 503.96 603.50 Td (license ) Tj ET Q q 0 0 0 rg BT 528.29 603.50 Td (companies ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 593.90 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 593.90 Td (each ) Tj ET Q q 0 0 0 rg BT 74.38 593.90 Td (country) Tj ET Q q 0 0 0 rg BT 98.29 593.90 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 575.30 Td (Bulgaria) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 559.70 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 559.70 Td (e ) Tj ET Q q 0 0 0 rg BT 61.88 559.70 Td (operate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.33 559.70 Td (one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 98.88 559.70 Td ( ) Tj ET Q q 0 0 0 rg BT 100.80 559.70 Td (general ) Tj ET Q q 0 0 0 rg BT 126.25 559.70 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 172.15 559.70 Td (channel, ) Tj ET Q q 0 0 0 rg BT 200.94 559.70 Td (BTV) Tj ET Q q 0 0 0 rg BT 215.90 559.70 Td (, ) Tj ET Q q 0 0 0 rg BT 219.82 559.70 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.29 559.70 Td (five) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.72 559.70 Td ( ) Tj ET Q q 0 0 0 rg BT 247.64 559.70 Td (other ) Tj ET Q q 0 0 0 rg BT 265.99 559.70 Td (channels, ) Tj ET Q q 0 0 0 rg BT 297.89 559.70 Td (BTV) Tj ET Q q 0 0 0 rg BT 313.75 559.70 Td ( ) Tj ET Q q 0 0 0 rg BT 315.66 559.70 Td (CINEMA, ) Tj ET Q q 0 0 0 rg BT 351.13 559.70 Td (BTV) Tj ET Q q 0 0 0 rg BT 366.99 559.70 Td ( ) Tj ET Q q 0 0 0 rg BT 368.90 559.70 Td (COMEDY) Tj ET Q q 0 0 0 rg BT 402.54 559.70 Td (, ) Tj ET Q q 0 0 0 rg BT 406.46 559.70 Td (BTV) Tj ET Q q 0 0 0 rg BT 422.31 559.70 Td ( ) Tj ET Q q 0 0 0 rg BT 423.80 559.70 Td (ACTION, ) Tj ET Q q 0 0 0 rg BT 457.94 559.70 Td (BTV) Tj ET Q q 0 0 0 rg BT 473.79 559.70 Td ( ) Tj ET Q q 0 0 0 rg BT 475.71 559.70 Td (LADY) Tj ET Q q 0 0 0 rg BT 497.63 559.70 Td ( ) Tj ET Q q 0 0 0 rg BT 499.54 559.70 Td (and ) Tj ET Q q 0 0 0 rg BT 513.01 559.70 Td (RING. ) Tj ET Q q 0 0 0 rg BT 536.34 559.70 Td (W) Tj ET Q q 0 0 0 rg BT 543.25 559.70 Td (e ) Tj ET Q q 0 0 0 rg BT 548.72 559.70 Td (own ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (94%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.16 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 66.16 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 74.83 550.10 Td (CME ) Tj ET Q q 0 0 0 rg BT 94.16 550.10 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 123.71 550.10 Td (B.V) Tj ET Q q 0 0 0 rg BT 135.79 550.10 Td (., ) Tj ET Q q 0 0 0 rg BT 141.79 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.57 550.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 188.45 550.10 Td (that ) Tj ET Q q 0 0 0 rg BT 202.45 550.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 221.34 550.10 Td (our ) Tj ET Q q 0 0 0 rg BT 234.00 550.10 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 263.55 550.10 Td (operations.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 531.50 Td (Czech ) Tj ET Q q 0 0 0 rg BT 71.05 531.50 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 515.90 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 515.90 Td (e ) Tj ET Q q 0 0 0 rg BT 62.42 515.90 Td (operate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 88.42 515.90 Td (one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.97 515.90 Td ( ) Tj ET Q q 0 0 0 rg BT 102.44 515.90 Td (general ) Tj ET Q q 0 0 0 rg BT 128.44 515.90 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 174.88 515.90 Td (channel, ) Tj ET Q q 0 0 0 rg BT 204.04 515.90 Td (TV) Tj ET Q q 0 0 0 rg BT 214.56 515.90 Td ( ) Tj ET Q q 0 0 0 rg BT 217.02 515.90 Td (NOV) Tj ET Q q 0 0 0 rg BT 233.32 515.90 Td (A, ) Tj ET Q q 0 0 0 rg BT 243.56 515.90 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.57 515.90 Td (seven) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.79 515.90 Td ( ) Tj ET Q q 0 0 0 rg BT 278.25 515.90 Td (other ) Tj ET Q q 0 0 0 rg BT 297.15 515.90 Td (channels, ) Tj ET Q q 0 0 0 rg BT 329.60 515.90 Td (NOV) Tj ET Q q 0 0 0 rg BT 345.90 515.90 Td (A) Tj ET Q q 0 0 0 rg BT 351.24 515.90 Td ( ) Tj ET Q q 0 0 0 rg BT 353.70 515.90 Td (2, ) Tj ET Q q 0 0 0 rg BT 362.16 515.90 Td (NOV) Tj ET Q q 0 0 0 rg BT 378.46 515.90 Td (A) Tj ET Q q 0 0 0 rg BT 383.80 515.90 Td ( ) Tj ET Q q 0 0 0 rg BT 386.26 515.90 Td (CINEMA, ) Tj ET Q q 0 0 0 rg BT 422.28 515.90 Td (NOV) Tj ET Q q 0 0 0 rg BT 438.58 515.90 Td (A) Tj ET Q q 0 0 0 rg BT 443.91 515.90 Td ( ) Tj ET Q q 0 0 0 rg BT 446.37 515.90 Td (SPOR) Tj ET Q q 0 0 0 rg BT 465.91 515.90 Td (T) Tj ET Q q 0 0 0 rg BT 470.65 515.90 Td ( ) Tj ET Q q 0 0 0 rg BT 473.11 515.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 481.57 515.90 Td (NOV) Tj ET Q q 0 0 0 rg BT 497.87 515.90 Td (A) Tj ET Q q 0 0 0 rg BT 503.21 515.90 Td ( ) Tj ET Q q 0 0 0 rg BT 505.67 515.90 Td (SPOR) Tj ET Q q 0 0 0 rg BT 525.20 515.90 Td (T) Tj ET Q q 0 0 0 rg BT 529.94 515.90 Td ( ) Tj ET Q q 0 0 0 rg BT 532.41 515.90 Td (2, ) Tj ET Q q 0 0 0 rg BT 540.87 515.90 Td (NOV) Tj ET Q q 0 0 0 rg BT 557.17 515.90 Td (A) Tj ET Q q 0 0 0 rg BT 562.50 515.90 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 506.30 Td (ACTION, ) Tj ET Q q 0 0 0 rg BT 83.72 506.30 Td (NOV) Tj ET Q q 0 0 0 rg BT 100.02 506.30 Td (A) Tj ET Q q 0 0 0 rg BT 105.36 506.30 Td ( ) Tj ET Q q 0 0 0 rg BT 107.36 506.30 Td (GOLD ) Tj ET Q q 0 0 0 rg BT 131.57 506.30 Td (and ) Tj ET Q q 0 0 0 rg BT 145.13 506.30 Td (NOV) Tj ET Q q 0 0 0 rg BT 161.43 506.30 Td (A) Tj ET Q q 0 0 0 rg BT 166.76 506.30 Td ( ) Tj ET Q q 0 0 0 rg BT 168.76 506.30 Td (INTERNA) Tj ET Q q 0 0 0 rg BT 202.98 506.30 Td (TIONAL, ) Tj ET Q q 0 0 0 rg BT 236.75 506.30 Td (a ) Tj ET Q q 0 0 0 rg BT 242.30 506.30 Td (general ) Tj ET Q q 0 0 0 rg BT 267.84 506.30 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 313.82 506.30 Td (channel ) Tj ET Q q 0 0 0 rg BT 340.70 506.30 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 383.57 506.30 Td (in ) Tj ET Q q 0 0 0 rg BT 391.79 506.30 Td (the ) Tj ET Q q 0 0 0 rg BT 403.57 506.30 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 427.79 506.30 Td (Republic.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 487.70 Td (Romania) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 472.10 Td (e ) Tj ET Q q 0 0 0 rg BT 61.96 472.10 Td (operate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.51 472.10 Td (one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.06 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.06 472.10 Td (general ) Tj ET Q q 0 0 0 rg BT 126.61 472.10 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 172.59 472.10 Td (channel, ) Tj ET Q q 0 0 0 rg BT 201.47 472.10 Td (PRO ) Tj ET Q q 0 0 0 rg BT 218.89 472.10 Td (TV) Tj ET Q q 0 0 0 rg BT 228.52 472.10 Td (, ) Tj ET Q q 0 0 0 rg BT 232.53 472.10 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.08 472.10 Td (seven) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.30 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.30 472.10 Td (other ) Tj ET Q q 0 0 0 rg BT 284.74 472.10 Td (channels, ) Tj ET Q q 0 0 0 rg BT 316.73 472.10 Td (PRO ) Tj ET Q q 0 0 0 rg BT 334.30 472.10 Td (2, ) Tj ET Q q 0 0 0 rg BT 342.30 472.10 Td (PRO ) Tj ET Q q 0 0 0 rg BT 359.87 472.10 Td (X, ) Tj ET Q q 0 0 0 rg BT 369.65 472.10 Td (PRO ) Tj ET Q q 0 0 0 rg BT 387.22 472.10 Td (GOLD, ) Tj ET Q q 0 0 0 rg BT 413.44 472.10 Td (PRO ) Tj ET Q q 0 0 0 rg BT 431.01 472.10 Td (CINEMA, ) Tj ET Q q 0 0 0 rg BT 466.57 472.10 Td (PRO ) Tj ET Q q 0 0 0 rg BT 483.99 472.10 Td (TV) Tj ET Q q 0 0 0 rg BT 494.51 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 496.51 472.10 Td (INTERNA) Tj ET Q q 0 0 0 rg BT 530.73 472.10 Td (TIONAL, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 462.50 Td (MTV) Tj ET Q q 0 0 0 rg BT 67.13 462.50 Td ( ) Tj ET Q q 0 0 0 rg BT 69.13 462.50 Td (ROMANIA, ) Tj ET Q q 0 0 0 rg BT 111.36 462.50 Td (as ) Tj ET Q q 0 0 0 rg BT 120.02 462.50 Td (well ) Tj ET Q q 0 0 0 rg BT 135.79 462.50 Td (as ) Tj ET Q q 0 0 0 rg BT 144.46 462.50 Td (PRO ) Tj ET Q q 0 0 0 rg BT 161.88 462.50 Td (TV) Tj ET Q q 0 0 0 rg BT 172.39 462.50 Td ( ) Tj ET Q q 0 0 0 rg BT 174.39 462.50 Td (CHISINAU, ) Tj ET Q q 0 0 0 rg BT 216.62 462.50 Td (a ) Tj ET Q q 0 0 0 rg BT 222.17 462.50 Td (general ) Tj ET Q q 0 0 0 rg BT 247.71 462.50 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 293.69 462.50 Td (channel ) Tj ET Q q 0 0 0 rg BT 320.56 462.50 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 363.44 462.50 Td (in ) Tj ET Q q 0 0 0 rg BT 371.66 462.50 Td (Moldova.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 443.90 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 72.82 443.90 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 428.30 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 428.30 Td (e ) Tj ET Q q 0 0 0 rg BT 62.98 428.30 Td (operate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.53 428.30 Td (one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 101.08 428.30 Td ( ) Tj ET Q q 0 0 0 rg BT 104.10 428.30 Td (general ) Tj ET Q q 0 0 0 rg BT 130.66 428.30 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 177.66 428.30 Td (channel, ) Tj ET Q q 0 0 0 rg BT 207.33 428.30 Td (TV) Tj ET Q q 0 0 0 rg BT 217.85 428.30 Td ( ) Tj ET Q q 0 0 0 rg BT 220.87 428.30 Td (MARKIZA, ) Tj ET Q q 0 0 0 rg BT 263.22 428.30 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.78 428.30 Td (three) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.77 428.30 Td ( ) Tj ET Q q 0 0 0 rg BT 296.79 428.30 Td (other ) Tj ET Q q 0 0 0 rg BT 316.24 428.30 Td (channels, ) Tj ET Q q 0 0 0 rg BT 349.25 428.30 Td (DOMA, ) Tj ET Q q 0 0 0 rg BT 378.71 428.30 Td (DAJT) Tj ET Q q 0 0 0 rg BT 398.12 428.30 Td (O, ) Tj ET Q q 0 0 0 rg BT 408.92 428.30 Td (and ) Tj ET Q q 0 0 0 rg BT 423.48 428.30 Td (MARKIZA) Tj ET Q q 0 0 0 rg BT 460.37 428.30 Td ( ) Tj ET Q q 0 0 0 rg BT 463.39 428.30 Td (INTERNA) Tj ET Q q 0 0 0 rg BT 497.61 428.30 Td (TIONAL, ) Tj ET Q q 0 0 0 rg BT 532.40 428.30 Td (a ) Tj ET Q q 0 0 0 rg BT 538.96 428.30 Td (general ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 418.70 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 95.48 418.70 Td (channel ) Tj ET Q q 0 0 0 rg BT 122.36 418.70 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 165.23 418.70 Td (in ) Tj ET Q q 0 0 0 rg BT 173.45 418.70 Td (the ) Tj ET Q q 0 0 0 rg BT 185.23 418.70 Td (Czech ) Tj ET Q q 0 0 0 rg BT 207.21 418.70 Td (Republic.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (Slovenia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 384.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 384.50 Td (e ) Tj ET Q q 0 0 0 rg BT 61.96 384.50 Td (operate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.50 384.50 Td (two) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 384.50 Td ( ) Tj ET Q q 0 0 0 rg BT 101.50 384.50 Td (general ) Tj ET Q q 0 0 0 rg BT 127.04 384.50 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 173.02 384.50 Td (channels, ) Tj ET Q q 0 0 0 rg BT 205.01 384.50 Td (POP) Tj ET Q q 0 0 0 rg BT 219.39 384.50 Td ( ) Tj ET Q q 0 0 0 rg BT 221.24 384.50 Td (TV) Tj ET Q q 0 0 0 rg BT 231.76 384.50 Td ( ) Tj ET Q q 0 0 0 rg BT 233.76 384.50 Td (and ) Tj ET Q q 0 0 0 rg BT 247.31 384.50 Td (KANAL) Tj ET Q q 0 0 0 rg BT 275.01 384.50 Td ( ) Tj ET Q q 0 0 0 rg BT 276.57 384.50 Td (A, ) Tj ET Q q 0 0 0 rg BT 286.35 384.50 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.90 384.50 Td (three) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.89 384.50 Td ( ) Tj ET Q q 0 0 0 rg BT 317.89 384.50 Td (other ) Tj ET Q q 0 0 0 rg BT 336.32 384.50 Td (channels, ) Tj ET Q q 0 0 0 rg BT 368.31 384.50 Td (KINO, ) Tj ET Q q 0 0 0 rg BT 392.31 384.50 Td (BRIO ) Tj ET Q q 0 0 0 rg BT 413.42 384.50 Td (and ) Tj ET Q q 0 0 0 rg BT 426.97 384.50 Td (OT) Tj ET Q q 0 0 0 rg BT 437.49 384.50 Td (O.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 362.90 Td (2. ) Tj ET Q q 0 0 0 rg BT 67.50 362.90 Td (BASIS ) Tj ET Q q 0 0 0 rg BT 92.63 362.90 Td (OF) Tj ET Q q 0 0 0 rg BT 103.44 362.90 Td ( ) Tj ET Q q 0 0 0 rg BT 105.44 362.90 Td (PRESENT) Tj ET Q q 0 0 0 rg BT 141.74 362.90 Td (A) Tj ET Q q 0 0 0 rg BT 146.93 362.90 Td (TION ) Tj ET Q q 0 0 0 rg BT 168.93 362.90 Td (AND ) Tj ET Q q 0 0 0 rg BT 188.27 362.90 Td (SUMMAR) Tj ET Q q 0 0 0 rg BT 224.87 362.90 Td (Y) Tj ET Q q 0 0 0 rg BT 230.35 362.90 Td ( ) Tj ET Q q 0 0 0 rg BT 232.35 362.90 Td (OF) Tj ET Q q 0 0 0 rg BT 243.16 362.90 Td ( ) Tj ET Q q 0 0 0 rg BT 245.16 362.90 Td (SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 298.36 362.90 Td ( ) Tj ET Q q 0 0 0 rg BT 299.92 362.90 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 357.48 362.90 Td (POLICIES) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 347.30 Td (The ) Tj ET Q q 0 0 0 rg BT 63.78 347.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 83.39 347.30 Td (the ) Tj ET Q q 0 0 0 rg BT 95.00 347.30 Td ("Company", ) Tj ET Q q 0 0 0 rg BT 136.48 347.30 Td ("we", ) Tj ET Q q 0 0 0 rg BT 156.18 347.30 Td ("us", ) Tj ET Q q 0 0 0 rg BT 173.67 347.30 Td (and ) Tj ET Q q 0 0 0 rg BT 187.06 347.30 Td ("our" ) Tj ET Q q 0 0 0 rg BT 206.09 347.30 Td (are ) Tj ET Q q 0 0 0 rg BT 217.70 347.30 Td (used ) Tj ET Q q 0 0 0 rg BT 234.20 347.30 Td (in ) Tj ET Q q 0 0 0 rg BT 242.27 347.30 Td (this ) Tj ET Q q 0 0 0 rg BT 255.66 347.30 Td (Form ) Tj ET Q q 0 0 0 rg BT 274.84 347.30 Td (10-K ) Tj ET Q q 0 0 0 rg BT 293.12 347.30 Td (to ) Tj ET Q q 0 0 0 rg BT 301.18 347.30 Td (refer ) Tj ET Q q 0 0 0 rg BT 318.12 347.30 Td (collectively ) Tj ET Q q 0 0 0 rg BT 357.27 347.30 Td (to ) Tj ET Q q 0 0 0 rg BT 365.34 347.30 Td (the ) Tj ET Q q 0 0 0 rg BT 376.95 347.30 Td (parent ) Tj ET Q q 0 0 0 rg BT 398.78 347.30 Td (company) Tj ET Q q 0 0 0 rg BT 427.58 347.30 Td (, ) Tj ET Q q 0 0 0 rg BT 431.42 347.30 Td (Central ) Tj ET Q q 0 0 0 rg BT 456.81 347.30 Td (European ) Tj ET Q q 0 0 0 rg BT 489.30 347.30 Td (Media ) Tj ET Q q 0 0 0 rg BT 511.58 347.30 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 549.41 347.30 Td (Ltd. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 337.70 Td (\("CME ) Tj ET Q q 0 0 0 rg BT 74.45 337.70 Td (Ltd."\), ) Tj ET Q q 0 0 0 rg BT 97.18 337.70 Td (and ) Tj ET Q q 0 0 0 rg BT 110.41 337.70 Td (the ) Tj ET Q q 0 0 0 rg BT 121.87 337.70 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 161.33 337.70 Td (through ) Tj ET Q q 0 0 0 rg BT 187.90 337.70 Td (which ) Tj ET Q q 0 0 0 rg BT 209.14 337.70 Td (our ) Tj ET Q q 0 0 0 rg BT 221.49 337.70 Td (various ) Tj ET Q q 0 0 0 rg BT 246.72 337.70 Td (businesses ) Tj ET Q q 0 0 0 rg BT 282.19 337.70 Td (are ) Tj ET Q q 0 0 0 rg BT 293.64 337.70 Td (conducted. ) Tj ET Q q 0 0 0 rg BT 330.20 337.70 Td (Unless ) Tj ET Q q 0 0 0 rg BT 353.66 337.70 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 386.45 337.70 Td (noted, ) Tj ET Q q 0 0 0 rg BT 407.91 337.70 Td (all ) Tj ET Q q 0 0 0 rg BT 417.59 337.70 Td (statistical ) Tj ET Q q 0 0 0 rg BT 449.49 337.70 Td (and ) Tj ET Q q 0 0 0 rg BT 462.73 337.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 492.40 337.70 Td (information ) Tj ET Q q 0 0 0 rg BT 531.85 337.70 Td (presented ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 57.60 328.10 Td (this ) Tj ET Q q 0 0 0 rg BT 71.04 328.10 Td (report ) Tj ET Q q 0 0 0 rg BT 92.02 328.10 Td (has ) Tj ET Q q 0 0 0 rg BT 104.57 328.10 Td (been ) Tj ET Q q 0 0 0 rg BT 121.55 328.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 154.97 328.10 Td (into ) Tj ET Q q 0 0 0 rg BT 169.29 328.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 185.40 328.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 209.05 328.10 Td (using ) Tj ET Q q 0 0 0 rg BT 228.27 328.10 Td (period-end ) Tj ET Q q 0 0 0 rg BT 264.80 328.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 296.88 328.10 Td (rates.) Tj ET Q q 0 0 0 rg BT 315.54 328.10 Td (All ) Tj ET Q q 0 0 0 rg BT 327.65 328.10 Td (references ) Tj ET Q q 0 0 0 rg BT 362.38 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.49 328.10 Td ("US$", ) Tj ET Q q 0 0 0 rg BT 395.13 328.10 Td ("USD" ) Tj ET Q q 0 0 0 rg BT 419.54 328.10 Td (or ) Tj ET Q q 0 0 0 rg BT 428.08 328.10 Td ("dollars" ) Tj ET Q q 0 0 0 rg BT 458.27 328.10 Td (are ) Tj ET Q q 0 0 0 rg BT 469.91 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.02 328.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 494.12 328.10 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 519.78 328.10 Td (all ) Tj ET Q q 0 0 0 rg BT 529.65 328.10 Td (references ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 318.50 Td (to ) Tj ET Q q 0 0 0 rg BT 57.79 318.50 Td ("BGN" ) Tj ET Q q 0 0 0 rg BT 83.27 318.50 Td (are ) Tj ET Q q 0 0 0 rg BT 95.10 318.50 Td (to ) Tj ET Q q 0 0 0 rg BT 103.38 318.50 Td (Bulgarian ) Tj ET Q q 0 0 0 rg BT 136.99 318.50 Td (leva, ) Tj ET Q q 0 0 0 rg BT 154.38 318.50 Td (all ) Tj ET Q q 0 0 0 rg BT 164.44 318.50 Td (references ) Tj ET Q q 0 0 0 rg BT 199.36 318.50 Td (to ) Tj ET Q q 0 0 0 rg BT 207.64 318.50 Td ("CZK" ) Tj ET Q q 0 0 0 rg BT 232.24 318.50 Td (are ) Tj ET Q q 0 0 0 rg BT 244.07 318.50 Td (to ) Tj ET Q q 0 0 0 rg BT 252.35 318.50 Td (Czech ) Tj ET Q q 0 0 0 rg BT 274.40 318.50 Td (koruna, ) Tj ET Q q 0 0 0 rg BT 300.68 318.50 Td (all ) Tj ET Q q 0 0 0 rg BT 310.74 318.50 Td (references ) Tj ET Q q 0 0 0 rg BT 345.66 318.50 Td (to ) Tj ET Q q 0 0 0 rg BT 353.95 318.50 Td ("RON" ) Tj ET Q q 0 0 0 rg BT 379.43 318.50 Td (are ) Tj ET Q q 0 0 0 rg BT 391.26 318.50 Td (to ) Tj ET Q q 0 0 0 rg BT 399.54 318.50 Td (the ) Tj ET Q q 0 0 0 rg BT 411.38 318.50 Td (New ) Tj ET Q q 0 0 0 rg BT 428.55 318.50 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 463.49 318.50 Td (lei ) Tj ET Q q 0 0 0 rg BT 473.55 318.50 Td (and ) Tj ET Q q 0 0 0 rg BT 487.16 318.50 Td (all ) Tj ET Q q 0 0 0 rg BT 497.22 318.50 Td (references ) Tj ET Q q 0 0 0 rg BT 532.14 318.50 Td (to ) Tj ET Q q 0 0 0 rg BT 540.43 318.50 Td ("Euro" ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 308.90 Td (or ) Tj ET Q q 0 0 0 rg BT 58.16 308.90 Td ("EUR" ) Tj ET Q q 0 0 0 rg BT 82.70 308.90 Td (are ) Tj ET Q q 0 0 0 rg BT 94.46 308.90 Td (to ) Tj ET Q q 0 0 0 rg BT 102.68 308.90 Td (the ) Tj ET Q q 0 0 0 rg BT 114.46 308.90 Td (European ) Tj ET Q q 0 0 0 rg BT 147.11 308.90 Td (Union ) Tj ET Q q 0 0 0 rg BT 169.11 308.90 Td (Euro. ) Tj ET Q q 0 0 0 rg BT 188.52 308.90 Td (Where ) Tj ET Q q 0 0 0 rg BT 211.83 308.90 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 248.70 308.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 266.25 308.90 Td (period ) Tj ET Q q 0 0 0 rg BT 288.69 308.90 Td (presentation ) Tj ET Q q 0 0 0 rg BT 329.79 308.90 Td (has ) Tj ET Q q 0 0 0 rg BT 342.45 308.90 Td (been ) Tj ET Q q 0 0 0 rg BT 359.55 308.90 Td (modified ) Tj ET Q q 0 0 0 rg BT 390.44 308.90 Td (to ) Tj ET Q q 0 0 0 rg BT 398.66 308.90 Td (conform ) Tj ET Q q 0 0 0 rg BT 427.76 308.90 Td (to ) Tj ET Q q 0 0 0 rg BT 435.98 308.90 Td (current ) Tj ET Q q 0 0 0 rg BT 460.64 308.90 Td (year ) Tj ET Q q 0 0 0 rg BT 476.40 308.90 Td (presentation.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 290.30 Td (Basis ) Tj ET Q q 0 0 0 rg BT 68.84 290.30 Td (of ) Tj ET Q q 0 0 0 rg BT 77.06 290.30 Td (Consolidation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 274.70 Td (The ) Tj ET Q q 0 0 0 rg BT 62.95 274.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 104.40 274.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 133.40 274.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 168.18 274.70 Td (include ) Tj ET Q q 0 0 0 rg BT 192.74 274.70 Td (the ) Tj ET Q q 0 0 0 rg BT 203.53 274.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 232.53 274.70 Td (of ) Tj ET Q q 0 0 0 rg BT 240.21 274.70 Td (CME ) Tj ET Q q 0 0 0 rg BT 258.56 274.70 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 272.68 274.70 Td (and ) Tj ET Q q 0 0 0 rg BT 285.24 274.70 Td (our ) Tj ET Q q 0 0 0 rg BT 296.92 274.70 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 337.71 274.70 Td (after ) Tj ET Q q 0 0 0 rg BT 353.38 274.70 Td (the ) Tj ET Q q 0 0 0 rg BT 364.16 274.70 Td (elimination ) Tj ET Q q 0 0 0 rg BT 401.61 274.70 Td (of ) Tj ET Q q 0 0 0 rg BT 409.29 274.70 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 454.29 274.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 483.29 274.70 Td (and ) Tj ET Q q 0 0 0 rg BT 495.86 274.70 Td (transactions.Entities ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 265.10 Td (in ) Tj ET Q q 0 0 0 rg BT 57.35 265.10 Td (which ) Tj ET Q q 0 0 0 rg BT 78.54 265.10 Td (we ) Tj ET Q q 0 0 0 rg BT 89.50 265.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 105.35 265.10 Td (less ) Tj ET Q q 0 0 0 rg BT 118.98 265.10 Td (than ) Tj ET Q q 0 0 0 rg BT 134.39 265.10 Td (a ) Tj ET Q q 0 0 0 rg BT 139.57 265.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 168.31 265.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 190.39 265.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 215.56 265.10 Td (but ) Tj ET Q q 0 0 0 rg BT 227.42 265.10 Td (over ) Tj ET Q q 0 0 0 rg BT 243.27 265.10 Td (which ) Tj ET Q q 0 0 0 rg BT 264.45 265.10 Td (we ) Tj ET Q q 0 0 0 rg BT 275.41 265.10 Td (have ) Tj ET Q q 0 0 0 rg BT 292.14 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.55 265.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 325.62 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.47 265.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 361.31 265.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 396.71 265.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 428.10 265.10 Td (are ) Tj ET Q q 0 0 0 rg BT 439.50 265.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 473.56 265.10 Td (for ) Tj ET Q q 0 0 0 rg BT 484.52 265.10 Td (using ) Tj ET Q q 0 0 0 rg BT 503.49 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.89 265.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 536.52 265.10 Td (method. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 255.50 Td (Other ) Tj ET Q q 0 0 0 rg BT 69.71 255.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 109.93 255.50 Td (are ) Tj ET Q q 0 0 0 rg BT 121.70 255.50 Td (accounted ) Tj ET Q q 0 0 0 rg BT 156.13 255.50 Td (for ) Tj ET Q q 0 0 0 rg BT 167.45 255.50 Td (using ) Tj ET Q q 0 0 0 rg BT 186.79 255.50 Td (the ) Tj ET Q q 0 0 0 rg BT 198.56 255.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 213.45 255.50 Td (method.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 239.90 Td (Use ) Tj ET Q q 0 0 0 rg BT 63.94 239.90 Td (of ) Tj ET Q q 0 0 0 rg BT 72.16 239.90 Td (Estimates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 224.30 Td (The ) Tj ET Q q 0 0 0 rg BT 63.80 224.30 Td (preparation ) Tj ET Q q 0 0 0 rg BT 102.09 224.30 Td (of ) Tj ET Q q 0 0 0 rg BT 110.62 224.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.47 224.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 176.11 224.30 Td (in ) Tj ET Q q 0 0 0 rg BT 184.20 224.30 Td (conformity ) Tj ET Q q 0 0 0 rg BT 221.61 224.30 Td (with ) Tj ET Q q 0 0 0 rg BT 237.70 224.30 Td (US ) Tj ET Q q 0 0 0 rg BT 249.79 224.30 Td (Generally ) Tj ET Q q 0 0 0 rg BT 282.78 224.30 Td (Accepted ) Tj ET Q q 0 0 0 rg BT 314.44 224.30 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 353.63 224.30 Td (Principles ) Tj ET Q q 0 0 0 rg BT 387.49 224.30 Td (\("US ) Tj ET Q q 0 0 0 rg BT 405.51 224.30 Td (GAAP"\) ) Tj ET Q q 0 0 0 rg BT 435.08 224.30 Td (requires ) Tj ET Q q 0 0 0 rg BT 462.72 224.30 Td (management ) Tj ET Q q 0 0 0 rg BT 505.45 224.30 Td (to ) Tj ET Q q 0 0 0 rg BT 513.54 224.30 Td (make ) Tj ET Q q 0 0 0 rg BT 532.73 224.30 Td (estimates ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 214.70 Td (and ) Tj ET Q q 0 0 0 rg BT 63.14 214.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 104.79 214.70 Td (that ) Tj ET Q q 0 0 0 rg BT 118.88 214.70 Td (af) Tj ET Q q 0 0 0 rg BT 124.95 214.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 139.03 214.70 Td (the ) Tj ET Q q 0 0 0 rg BT 150.89 214.70 Td (reported ) Tj ET Q q 0 0 0 rg BT 179.63 214.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 208.83 214.70 Td (of ) Tj ET Q q 0 0 0 rg BT 217.59 214.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 238.34 214.70 Td (and ) Tj ET Q q 0 0 0 rg BT 251.99 214.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 283.85 214.70 Td (and ) Tj ET Q q 0 0 0 rg BT 297.49 214.70 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 332.02 214.70 Td (of ) Tj ET Q q 0 0 0 rg BT 340.78 214.70 Td (contingent ) Tj ET Q q 0 0 0 rg BT 376.64 214.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 397.39 214.70 Td (and ) Tj ET Q q 0 0 0 rg BT 411.03 214.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 442.90 214.70 Td (at ) Tj ET Q q 0 0 0 rg BT 450.76 214.70 Td (the ) Tj ET Q q 0 0 0 rg BT 462.63 214.70 Td (date ) Tj ET Q q 0 0 0 rg BT 478.04 214.70 Td (of ) Tj ET Q q 0 0 0 rg BT 486.79 214.70 Td (the ) Tj ET Q q 0 0 0 rg BT 498.66 214.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 528.73 214.70 Td (statements ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 63.05 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.82 205.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 103.48 205.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 132.59 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.25 205.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 171.68 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.23 205.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 216.11 205.10 Td (during ) Tj ET Q q 0 0 0 rg BT 239.00 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.77 205.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 282.09 205.10 Td (periods.) Tj ET Q q 0 0 0 rg BT 309.20 205.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 332.53 205.10 Td (results ) Tj ET Q q 0 0 0 rg BT 355.41 205.10 Td (could ) Tj ET Q q 0 0 0 rg BT 375.19 205.10 Td (dif) Tj ET Q q 0 0 0 rg BT 383.93 205.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 394.81 205.10 Td (from ) Tj ET Q q 0 0 0 rg BT 412.36 205.10 Td (those ) Tj ET Q q 0 0 0 rg BT 431.25 205.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 463.02 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.57 205.10 Td (assumptions.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 186.50 Td (Summary ) Tj ET Q q 0 0 0 rg BT 85.28 186.50 Td (of ) Tj ET Q q 0 0 0 rg BT 93.94 186.50 Td (Critical ) Tj ET Q q 0 0 0 rg BT 122.15 186.50 Td (and ) Tj ET Q q 0 0 0 rg BT 137.05 186.50 Td (Significant ) Tj ET Q q 0 0 0 rg BT 175.50 186.50 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 216.62 186.50 Td (Policies) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 170.90 Td (The ) Tj ET Q q 0 0 0 rg BT 63.84 170.90 Td (following ) Tj ET Q q 0 0 0 rg BT 96.84 170.90 Td (is ) Tj ET Q q 0 0 0 rg BT 104.08 170.90 Td (a ) Tj ET Q q 0 0 0 rg BT 109.53 170.90 Td (discussion ) Tj ET Q q 0 0 0 rg BT 144.76 170.90 Td (of ) Tj ET Q q 0 0 0 rg BT 153.32 170.90 Td (each ) Tj ET Q q 0 0 0 rg BT 169.88 170.90 Td (of ) Tj ET Q q 0 0 0 rg BT 178.44 170.90 Td (the ) Tj ET Q q 0 0 0 rg BT 190.11 170.90 Td (Company) Tj ET Q q 0 0 0 rg BT 223.44 170.90 Td (s ) Tj ET Q q 0 0 0 rg BT 228.45 170.90 Td (critical ) Tj ET Q q 0 0 0 rg BT 252.56 170.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 289.55 170.90 Td (policies, ) Tj ET Q q 0 0 0 rg BT 318.34 170.90 Td (including ) Tj ET Q q 0 0 0 rg BT 350.45 170.90 Td (information ) Tj ET Q q 0 0 0 rg BT 390.12 170.90 Td (and ) Tj ET Q q 0 0 0 rg BT 403.57 170.90 Td (analysis ) Tj ET Q q 0 0 0 rg BT 431.24 170.90 Td (of ) Tj ET Q q 0 0 0 rg BT 439.80 170.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 471.47 170.90 Td (and ) Tj ET Q q 0 0 0 rg BT 484.92 170.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 526.38 170.90 Td (involved ) Tj ET Q q 0 0 0 rg BT 556.27 170.90 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 161.30 Td (their ) Tj ET Q q 0 0 0 rg BT 66.16 161.30 Td (application, ) Tj ET Q q 0 0 0 rg BT 105.70 161.30 Td (and ) Tj ET Q q 0 0 0 rg BT 119.25 161.30 Td (other ) Tj ET Q q 0 0 0 rg BT 137.69 161.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 173.46 161.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 210.56 161.30 Td (policies.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 142.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 80.83 142.70 Td (Recognition) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 127.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 78.59 127.10 Td (Recognition) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 111.50 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 82.44 111.50 Td (are ) Tj ET Q q 0 0 0 rg BT 94.04 111.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 130.96 111.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 148.80 111.50 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 187.07 111.50 Td (of ) Tj ET Q q 0 0 0 rg BT 195.57 111.50 Td (our ) Tj ET Q q 0 0 0 rg BT 208.07 111.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 250.32 111.50 Td (obligations ) Tj ET Q q 0 0 0 rg BT 287.71 111.50 Td (to ) Tj ET Q q 0 0 0 rg BT 295.77 111.50 Td (our ) Tj ET Q q 0 0 0 rg BT 308.27 111.50 Td (customers, ) Tj ET Q q 0 0 0 rg BT 344.55 111.50 Td (in ) Tj ET Q q 0 0 0 rg BT 352.61 111.50 Td (an ) Tj ET Q q 0 0 0 rg BT 361.99 111.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 387.82 111.50 Td (that ) Tj ET Q q 0 0 0 rg BT 401.66 111.50 Td (reflects ) Tj ET Q q 0 0 0 rg BT 427.03 111.50 Td (the ) Tj ET Q q 0 0 0 rg BT 438.64 111.50 Td (consideration ) Tj ET Q q 0 0 0 rg BT 483.57 111.50 Td (to ) Tj ET Q q 0 0 0 rg BT 491.63 111.50 Td (which ) Tj ET Q q 0 0 0 rg BT 513.02 111.50 Td (we ) Tj ET Q q 0 0 0 rg BT 524.18 111.50 Td (expect ) Tj ET Q q 0 0 0 rg BT 546.89 111.50 Td (to ) Tj ET Q q 0 0 0 rg BT 554.95 111.50 Td (be ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 101.90 Td (entitled ) Tj ET Q q 0 0 0 rg BT 75.05 101.90 Td (in ) Tj ET Q q 0 0 0 rg BT 82.83 101.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 114.59 101.90 Td (for ) Tj ET Q q 0 0 0 rg BT 125.48 101.90 Td (those ) Tj ET Q q 0 0 0 rg BT 143.92 101.90 Td (goods ) Tj ET Q q 0 0 0 rg BT 164.59 101.90 Td (or ) Tj ET Q q 0 0 0 rg BT 172.81 101.90 Td (services, ) Tj ET Q q 0 0 0 rg BT 202.14 101.90 Td (net ) Tj ET Q q 0 0 0 rg BT 213.47 101.90 Td (of ) Tj ET Q q 0 0 0 rg BT 221.69 101.90 Td (taxes ) Tj ET Q q 0 0 0 rg BT 239.68 101.90 Td (assessed ) Tj ET Q q 0 0 0 rg BT 268.35 101.90 Td (by ) Tj ET Q q 0 0 0 rg BT 277.91 101.90 Td (a ) Tj ET Q q 0 0 0 rg BT 283.01 101.90 Td (government ) Tj ET Q q 0 0 0 rg BT 322.78 101.90 Td (authority ) Tj ET Q q 0 0 0 rg BT 353.22 101.90 Td (that ) Tj ET Q q 0 0 0 rg BT 366.78 101.90 Td (are ) Tj ET Q q 0 0 0 rg BT 378.10 101.90 Td (both ) Tj ET Q q 0 0 0 rg BT 393.88 101.90 Td (imposed ) Tj ET Q q 0 0 0 rg BT 422.55 101.90 Td (on ) Tj ET Q q 0 0 0 rg BT 432.10 101.90 Td (and ) Tj ET Q q 0 0 0 rg BT 445.21 101.90 Td (concurrent ) Tj ET Q q 0 0 0 rg BT 480.97 101.90 Td (with ) Tj ET Q q 0 0 0 rg BT 496.75 101.90 Td (the ) Tj ET Q q 0 0 0 rg BT 508.08 101.90 Td (specific ) Tj ET Q q 0 0 0 rg BT 534.52 101.90 Td (revenue-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 92.30 Td (producing ) Tj ET Q q 0 0 0 rg BT 83.94 92.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 121.04 92.30 Td (and ) Tj ET Q q 0 0 0 rg BT 134.59 92.30 Td (collected ) Tj ET Q q 0 0 0 rg BT 165.46 92.30 Td (from ) Tj ET Q q 0 0 0 rg BT 183.01 92.30 Td (the ) Tj ET Q q 0 0 0 rg BT 194.78 92.30 Td (customer) Tj ET Q q 0 0 0 rg BT 223.66 92.30 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 76.70 Td (The ) Tj ET Q q 0 0 0 rg BT 63.98 76.70 Td (timing ) Tj ET Q q 0 0 0 rg BT 86.91 76.70 Td (of ) Tj ET Q q 0 0 0 rg BT 95.62 76.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 122.98 76.70 Td (recognition ) Tj ET Q q 0 0 0 rg BT 161.45 76.70 Td (may ) Tj ET Q q 0 0 0 rg BT 177.27 76.70 Td (dif) Tj ET Q q 0 0 0 rg BT 186.01 76.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 196.93 76.70 Td (from ) Tj ET Q q 0 0 0 rg BT 214.52 76.70 Td (the ) Tj ET Q q 0 0 0 rg BT 226.34 76.70 Td (timing ) Tj ET Q q 0 0 0 rg BT 249.27 76.70 Td (of ) Tj ET Q q 0 0 0 rg BT 257.98 76.70 Td (invoicing ) Tj ET Q q 0 0 0 rg BT 290.24 76.70 Td (to ) Tj ET Q q 0 0 0 rg BT 298.50 76.70 Td (customers. ) Tj ET Q q 0 0 0 rg BT 334.83 76.70 Td (W) Tj ET Q q 0 0 0 rg BT 341.75 76.70 Td (e ) Tj ET Q q 0 0 0 rg BT 347.34 76.70 Td (defer ) Tj ET Q q 0 0 0 rg BT 365.81 76.70 Td (the ) Tj ET Q q 0 0 0 rg BT 377.63 76.70 Td (recognition ) Tj ET Q q 0 0 0 rg BT 416.10 76.70 Td (of ) Tj ET Q q 0 0 0 rg BT 424.81 76.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 455.28 76.70 Td (when ) Tj ET Q q 0 0 0 rg BT 474.65 76.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 490.91 76.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 523.61 76.70 Td (are ) Tj ET Q q 0 0 0 rg BT 535.42 76.70 Td (received ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 67.10 Td (or ) Tj ET Q q 0 0 0 rg BT 57.92 67.10 Td (due ) Tj ET Q q 0 0 0 rg BT 71.23 67.10 Td (in ) Tj ET Q q 0 0 0 rg BT 79.22 67.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 107.18 67.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.60 67.10 Td (our ) Tj ET Q q 0 0 0 rg BT 128.03 67.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 172.21 67.10 Td (including ) Tj ET Q q 0 0 0 rg BT 204.18 67.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 233.05 67.10 Td (which ) Tj ET Q q 0 0 0 rg BT 254.36 67.10 Td (are ) Tj ET Q q 0 0 0 rg BT 265.89 67.10 Td (refundable. ) Tj ET Q q 0 0 0 rg BT 303.72 67.10 Td (W) Tj ET Q q 0 0 0 rg BT 310.63 67.10 Td (e ) Tj ET Q q 0 0 0 rg BT 315.95 67.10 Td (record ) Tj ET Q q 0 0 0 rg BT 338.13 67.10 Td (a ) Tj ET Q q 0 0 0 rg BT 343.45 67.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 378.07 67.10 Td (when ) Tj ET Q q 0 0 0 rg BT 397.16 67.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 424.23 67.10 Td (is ) Tj ET Q q 0 0 0 rg BT 431.33 67.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 468.18 67.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 485.49 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.47 67.10 Td (invoicing, ) Tj ET Q q 0 0 0 rg BT 527.45 67.10 Td (or ) Tj ET Q q 0 0 0 rg BT 535.87 67.10 Td (deferred ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 57.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 76.58 57.50 Td (when ) Tj ET Q q 0 0 0 rg BT 95.67 57.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 122.74 57.50 Td (is ) Tj ET Q q 0 0 0 rg BT 129.84 57.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 166.69 57.50 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 204.00 57.50 Td (to ) Tj ET Q q 0 0 0 rg BT 211.99 57.50 Td (invoicing. ) Tj ET Q q 0 0 0 rg BT 245.96 57.50 Td (Invoicing ) Tj ET Q q 0 0 0 rg BT 278.39 57.50 Td (typically ) Tj ET Q q 0 0 0 rg BT 308.14 57.50 Td (occurs ) Tj ET Q q 0 0 0 rg BT 330.78 57.50 Td (on ) Tj ET Q q 0 0 0 rg BT 340.54 57.50 Td (a ) Tj ET Q q 0 0 0 rg BT 345.85 57.50 Td (monthly ) Tj ET Q q 0 0 0 rg BT 374.28 57.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 392.04 57.50 Td (and ) Tj ET Q q 0 0 0 rg BT 405.35 57.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 439.55 57.50 Td (are ) Tj ET Q q 0 0 0 rg BT 451.08 57.50 Td (obliged ) Tj ET Q q 0 0 0 rg BT 476.83 57.50 Td (to ) Tj ET Q q 0 0 0 rg BT 484.82 57.50 Td (pay ) Tj ET Q q 0 0 0 rg BT 498.13 57.50 Td (within ) Tj ET Q q 0 0 0 rg BT 520.33 57.50 Td (30 ) Tj ET Q q 0 0 0 rg BT 530.09 57.50 Td (to ) Tj ET Q q 0 0 0 rg BT 538.08 57.50 Td (60 ) Tj ET Q q 0 0 0 rg BT 547.84 57.50 Td (days ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 47.90 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 47.90 Td (issuance. ) Tj ET Q q 0 0 0 rg BT 89.27 47.90 Td (For ) Tj ET Q q 0 0 0 rg BT 102.38 47.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 126.14 47.90 Td (services ) Tj ET Q q 0 0 0 rg BT 153.91 47.90 Td (and ) Tj ET Q q 0 0 0 rg BT 167.46 47.90 Td (customer ) Tj ET Q q 0 0 0 rg BT 198.78 47.90 Td (types, ) Tj ET Q q 0 0 0 rg BT 219.67 47.90 Td (we ) Tj ET Q q 0 0 0 rg BT 231.00 47.90 Td (require ) Tj ET Q q 0 0 0 rg BT 255.65 47.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 285.20 47.90 Td (before ) Tj ET Q q 0 0 0 rg BT 307.63 47.90 Td (the ) Tj ET Q q 0 0 0 rg BT 319.40 47.90 Td (services ) Tj ET Q q 0 0 0 rg BT 347.16 47.90 Td (are ) Tj ET Q q 0 0 0 rg BT 358.93 47.90 Td (provided.) 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590.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 180.55 590.30 Td (over ) Tj ET Q q 0 0 0 rg BT 196.77 590.30 Td (the ) Tj ET Q q 0 0 0 rg BT 208.54 590.30 Td (period ) Tj ET Q q 0 0 0 rg BT 230.98 590.30 Td (of ) Tj ET Q q 0 0 0 rg BT 239.64 590.30 Td (the ) Tj ET Q q 0 0 0 rg BT 251.42 590.30 Td (subscription.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 574.70 Td (Other ) Tj ET Q q 0 0 0 rg BT 69.85 574.70 Td (r) Tj ET Q q 0 0 0 rg BT 72.66 574.70 Td (evenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 97.98 574.70 Td ( ) Tj ET Q q 0 0 0 rg BT 99.66 574.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 131.11 574.70 Td (include ) Tj ET Q q 0 0 0 rg BT 156.34 574.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 186.46 574.70 Td (from ) Tj ET Q q 0 0 0 rg BT 203.69 574.70 Td (our ) Tj ET Q q 0 0 0 rg BT 216.04 574.70 Td (internet ) Tj ET Q q 0 0 0 rg BT 242.15 574.70 Td (display ) Tj ET Q q 0 0 0 rg BT 266.94 574.70 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 306.17 574.70 Td (as ) Tj ET Q q 0 0 0 rg BT 314.52 574.70 Td (well ) Tj ET Q q 0 0 0 rg BT 329.98 574.70 Td (as ) Tj ET Q q 0 0 0 rg BT 338.32 574.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 368.44 574.70 Td (from ) Tj ET Q q 0 0 0 rg BT 385.67 574.70 Td (the ) Tj ET Q q 0 0 0 rg BT 397.13 574.70 Td (licensing ) Tj ET Q q 0 0 0 rg BT 427.69 574.70 Td (of ) Tj ET Q q 0 0 0 rg BT 436.04 574.70 Td (our ) Tj ET Q q 0 0 0 rg BT 448.38 574.70 Td (content. ) Tj ET Q q 0 0 0 rg BT 475.61 574.70 Td (Internet ) Tj ET Q q 0 0 0 rg BT 502.17 574.70 Td (display ) Tj ET Q q 0 0 0 rg BT 526.96 574.70 Td (advertising ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 565.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 79.73 565.10 Td (are ) Tj ET Q q 0 0 0 rg BT 91.30 565.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 128.19 565.10 Td (on ) Tj ET Q q 0 0 0 rg BT 137.99 565.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.34 565.10 Td (cost-per) Tj ET Q q 0 0 0 rg BT 168.95 565.10 Td (-impression ) Tj ET Q q 0 0 0 rg BT 208.53 565.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 226.33 565.10 Td (based ) Tj ET Q q 0 0 0 rg BT 246.34 565.10 Td (on ) Tj ET Q q 0 0 0 rg BT 256.15 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.72 565.10 Td (number ) Tj ET Q q 0 0 0 rg BT 293.96 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.43 565.10 Td (times ) Tj ET Q q 0 0 0 rg BT 321.56 565.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.91 565.10 Td (customer's ) Tj ET Q q 0 0 0 rg BT 362.59 565.10 Td (advertisement ) Tj ET Q q 0 0 0 rg BT 409.27 565.10 Td (is ) Tj ET Q q 0 0 0 rg BT 416.40 565.10 Td (displayed ) Tj ET Q q 0 0 0 rg BT 448.87 565.10 Td (on ) Tj ET Q q 0 0 0 rg BT 458.67 565.10 Td (our ) Tj ET Q q 0 0 0 rg BT 471.13 565.10 Td (websites. ) Tj ET Q q 0 0 0 rg BT 502.49 565.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 535.39 565.10 Td (from ) Tj ET Q q 0 0 0 rg BT 552.74 565.10 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 555.50 Td (licensing ) Tj ET Q q 0 0 0 rg BT 80.38 555.50 Td (of ) Tj ET Q q 0 0 0 rg BT 89.05 555.50 Td (our ) Tj ET Q q 0 0 0 rg BT 101.71 555.50 Td (content ) Tj ET Q q 0 0 0 rg BT 127.26 555.50 Td (are ) Tj ET Q q 0 0 0 rg BT 139.02 555.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 176.11 555.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 194.11 555.50 Td (delivery ) Tj ET Q q 0 0 0 rg BT 222.32 555.50 Td (or ) Tj ET Q q 0 0 0 rg BT 230.99 555.50 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 267.19 555.50 Td (access ) Tj ET Q q 0 0 0 rg BT 289.62 555.50 Td (to ) Tj ET Q q 0 0 0 rg BT 297.84 555.50 Td (the ) Tj ET Q q 0 0 0 rg BT 309.62 555.50 Td (content.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 539.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.81 539.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 90.99 539.90 Td (streams ) Tj ET Q q 0 0 0 rg BT 117.29 539.90 Td (involve ) Tj ET Q q 0 0 0 rg BT 143.16 539.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 178.79 539.90 Td (judgment ) Tj ET Q q 0 0 0 rg BT 210.88 539.90 Td (with ) Tj ET Q q 0 0 0 rg BT 226.97 539.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 251.48 539.90 Td (to ) Tj ET Q q 0 0 0 rg BT 259.57 539.90 Td (the ) Tj ET Q q 0 0 0 rg BT 271.21 539.90 Td (discounts ) Tj ET Q q 0 0 0 rg BT 303.30 539.90 Td (and ) Tj ET Q q 0 0 0 rg BT 316.72 539.90 Td (agency ) Tj ET Q q 0 0 0 rg BT 341.24 539.90 Td (commissions ) Tj ET Q q 0 0 0 rg BT 384.88 539.90 Td (we ) Tj ET Q q 0 0 0 rg BT 396.08 539.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 422.38 539.90 Td (to ) Tj ET Q q 0 0 0 rg BT 430.47 539.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 454.10 539.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 488.40 539.90 Td (based ) Tj ET Q q 0 0 0 rg BT 508.48 539.90 Td (on ) Tj ET Q q 0 0 0 rg BT 518.35 539.90 Td (the ) Tj ET Q q 0 0 0 rg BT 529.99 539.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 555.85 539.90 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 530.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.35 530.30 Td (purchased. ) Tj ET Q q 0 0 0 rg BT 124.08 530.30 Td (Such ) Tj ET Q q 0 0 0 rg BT 142.38 530.30 Td (discounts ) Tj ET Q q 0 0 0 rg BT 174.90 530.30 Td (are ) Tj ET Q q 0 0 0 rg BT 186.96 530.30 Td (based ) Tj ET Q q 0 0 0 rg BT 207.48 530.30 Td (on ) Tj ET Q q 0 0 0 rg BT 217.78 530.30 Td (estimates ) Tj ET Q q 0 0 0 rg BT 249.85 530.30 Td (of ) Tj ET Q q 0 0 0 rg BT 258.81 530.30 Td (the ) Tj ET Q q 0 0 0 rg BT 270.88 530.30 Td (total ) Tj ET Q q 0 0 0 rg BT 287.40 530.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 313.70 530.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 344.42 530.30 Td (to ) Tj ET Q q 0 0 0 rg BT 352.95 530.30 Td (be ) Tj ET Q q 0 0 0 rg BT 362.80 530.30 Td (earned ) Tj ET Q q 0 0 0 rg BT 386.41 530.30 Td (and ) Tj ET Q q 0 0 0 rg BT 400.26 530.30 Td (reduce ) Tj ET Q q 0 0 0 rg BT 423.88 530.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 451.50 530.30 Td (based ) Tj ET Q q 0 0 0 rg BT 472.01 530.30 Td (on ) Tj ET Q q 0 0 0 rg BT 482.31 530.30 Td (a ) Tj ET Q q 0 0 0 rg BT 488.16 530.30 Td (systematic ) Tj ET Q q 0 0 0 rg BT 524.23 530.30 Td (and ) Tj ET Q q 0 0 0 rg BT 538.08 530.30 Td (rational ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 520.70 Td (allocation ) Tj ET Q q 0 0 0 rg BT 82.94 520.70 Td (of ) Tj ET Q q 0 0 0 rg BT 91.50 520.70 Td (the ) Tj ET Q q 0 0 0 rg BT 103.17 520.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 117.95 520.70 Td (of ) Tj ET Q q 0 0 0 rg BT 126.51 520.70 Td (honoring ) Tj ET Q q 0 0 0 rg BT 157.29 520.70 Td (the ) Tj ET Q q 0 0 0 rg BT 168.96 520.70 Td (discounts ) Tj ET Q q 0 0 0 rg BT 201.08 520.70 Td (earned ) Tj ET Q q 0 0 0 rg BT 224.29 520.70 Td (and ) Tj ET Q q 0 0 0 rg BT 237.74 520.70 Td (claimed ) Tj ET Q q 0 0 0 rg BT 264.95 520.70 Td (to ) Tj ET Q q 0 0 0 rg BT 273.07 520.70 Td (each ) Tj ET Q q 0 0 0 rg BT 289.62 520.70 Td (of ) Tj ET Q q 0 0 0 rg BT 298.18 520.70 Td (the ) Tj ET Q q 0 0 0 rg BT 309.85 520.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 346.40 520.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 373.61 520.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 413.72 520.70 Td (that ) Tj ET Q q 0 0 0 rg BT 427.61 520.70 Td (result ) Tj ET Q q 0 0 0 rg BT 447.28 520.70 Td (in ) Tj ET Q q 0 0 0 rg BT 455.40 520.70 Td (progress ) Tj ET Q q 0 0 0 rg BT 484.40 520.70 Td (by ) Tj ET Q q 0 0 0 rg BT 494.30 520.70 Td (the ) Tj ET Q q 0 0 0 rg BT 505.96 520.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 537.18 520.70 Td (towards ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 511.10 Td (earning ) Tj ET Q q 0 0 0 rg BT 75.87 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.02 511.10 Td (discount. ) Tj ET Q q 0 0 0 rg BT 119.51 511.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 135.22 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.83 511.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 167.10 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.14 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.30 511.10 Td (information ) Tj ET Q q 0 0 0 rg BT 228.45 511.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 259.27 511.10 Td (by ) Tj ET Q q 0 0 0 rg BT 269.65 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.80 511.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 302.84 511.10 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 334.76 511.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 370.91 511.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 403.51 511.10 Td (may ) Tj ET Q q 0 0 0 rg BT 419.67 511.10 Td (be ) Tj ET Q q 0 0 0 rg BT 429.60 511.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 463.07 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.68 511.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 500.71 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.87 511.10 Td (total ) Tj ET Q q 0 0 0 rg BT 529.47 511.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 555.84 511.10 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 501.50 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 70.18 501.50 Td (delivered ) Tj ET Q q 0 0 0 rg BT 101.94 501.50 Td (within ) Tj ET Q q 0 0 0 rg BT 124.38 501.50 Td (the ) Tj ET Q q 0 0 0 rg BT 136.16 501.50 Td (contract ) Tj ET Q q 0 0 0 rg BT 163.92 501.50 Td (period. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 485.90 Td (See ) Tj ET Q q 0 0 0 rg BT 63.78 485.90 Td (below ) Tj ET Q q 0 0 0 rg BT 86.06 485.90 Td ("Recent ) Tj ET Q q 0 0 0 rg BT 113.67 485.90 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 153.73 485.90 Td (Pronouncements" ) Tj ET Q q 0 0 0 rg BT 213.05 485.90 Td (for ) Tj ET Q q 0 0 0 rg BT 225.11 485.90 Td (information ) Tj ET Q q 0 0 0 rg BT 265.61 485.90 Td (on ) Tj ET Q q 0 0 0 rg BT 276.34 485.90 Td (the ) Tj ET Q q 0 0 0 rg BT 288.84 485.90 Td (adoption ) Tj ET Q q 0 0 0 rg BT 319.57 485.90 Td (of ) Tj ET Q q 0 0 0 rg BT 328.97 485.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 360.86 485.90 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 400.92 485.90 Td (Standards ) Tj ET Q q 0 0 0 rg BT 435.20 485.90 Td (Board ) Tj ET Q q 0 0 0 rg BT 457.48 485.90 Td (\("F) Tj ET Q q 0 0 0 rg BT 467.27 485.90 Td (ASB"\) ) Tj ET Q q 0 0 0 rg BT 490.89 485.90 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 530.95 485.90 Td (Standards ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 476.30 Td (Codification ) Tj ET Q q 0 0 0 rg BT 91.35 476.30 Td (T) Tj ET Q q 0 0 0 rg BT 95.68 476.30 Td (opic ) Tj ET Q q 0 0 0 rg BT 111.45 476.30 Td (606, ) Tj ET Q q 0 0 0 rg BT 127.45 476.30 Td ("Revenue ) Tj ET Q q 0 0 0 rg BT 160.70 476.30 Td (from ) Tj ET Q q 0 0 0 rg BT 178.25 476.30 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 210.91 476.30 Td (with ) Tj ET Q q 0 0 0 rg BT 227.14 476.30 Td (Customers" ) Tj ET Q q 0 0 0 rg BT 266.63 476.30 Td (\("ASC ) Tj ET Q q 0 0 0 rg BT 290.12 476.30 Td (606"\) ) Tj ET Q q 0 0 0 rg BT 310.05 476.30 Td (as ) Tj ET Q q 0 0 0 rg BT 318.71 476.30 Td (at ) Tj ET Q q 0 0 0 rg BT 326.48 476.30 Td (January ) Tj ET Q q 0 0 0 rg BT 353.36 476.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 361.36 476.30 Td (2018.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 457.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 68.84 457.70 Td (and ) Tj ET Q q 0 0 0 rg BT 83.74 457.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 103.08 457.70 Td (Equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 67.38 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 80.81 442.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 96.91 442.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 135.22 442.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 159.33 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.87 442.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 183.97 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 193.85 442.10 Td (hand ) Tj ET Q q 0 0 0 rg BT 211.28 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.71 442.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 262.13 442.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 296.22 442.10 Td (if ) Tj ET Q q 0 0 0 rg BT 302.99 442.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 339.74 442.10 Td (with ) Tj ET Q q 0 0 0 rg BT 355.84 442.10 Td (original ) Tj ET Q q 0 0 0 rg BT 382.61 442.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 416.48 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.02 442.10 Td (three ) Tj ET Q q 0 0 0 rg BT 442.89 442.10 Td (months ) Tj ET Q q 0 0 0 rg BT 468.33 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 476.88 442.10 Td (less. ) Tj ET Q q 0 0 0 rg BT 492.76 442.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 510.64 442.10 Td (that ) Tj ET Q q 0 0 0 rg BT 524.52 442.10 Td (is ) Tj ET Q q 0 0 0 rg BT 531.73 442.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 556.27 442.10 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 432.50 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 87.05 432.50 Td (is ) Tj ET Q q 0 0 0 rg BT 94.38 432.50 Td (classified ) Tj ET Q q 0 0 0 rg BT 126.59 432.50 Td (as ) Tj ET Q q 0 0 0 rg BT 135.26 432.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 167.02 432.50 Td (cash, ) Tj ET Q q 0 0 0 rg BT 185.23 432.50 Td (if ) Tj ET Q q 0 0 0 rg BT 192.12 432.50 Td (applicable.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 413.90 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.79 413.90 Td (ogram ) Tj ET Q q 0 0 0 rg BT 82.01 413.90 Td (Rights) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 395.30 Td (Pur) Tj ET Q q 0 0 0 rg BT 61.20 395.30 Td (chased ) Tj ET Q q 0 0 0 rg BT 85.42 395.30 Td (pr) Tj ET Q q 0 0 0 rg BT 92.23 395.30 Td (ogram ) Tj ET Q q 0 0 0 rg BT 115.13 395.30 Td (rights) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 379.70 Td (Purchased ) Tj ET Q q 0 0 0 rg BT 84.33 379.70 Td (program ) Tj ET Q q 0 0 0 rg BT 113.38 379.70 Td (rights ) Tj ET Q q 0 0 0 rg BT 133.55 379.70 Td (and ) Tj ET Q q 0 0 0 rg BT 147.05 379.70 Td (the ) Tj ET Q q 0 0 0 rg BT 158.77 379.70 Td (related ) Tj ET Q q 0 0 0 rg BT 182.48 379.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 214.20 379.70 Td (are ) Tj ET Q q 0 0 0 rg BT 225.91 379.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 255.84 379.70 Td (at ) Tj ET Q q 0 0 0 rg BT 263.56 379.70 Td (their ) Tj ET Q q 0 0 0 rg BT 280.17 379.70 Td (gross ) Tj ET Q q 0 0 0 rg BT 299.01 379.70 Td (value ) Tj ET Q q 0 0 0 rg BT 318.28 379.70 Td (when ) Tj ET Q q 0 0 0 rg BT 337.56 379.70 Td (the ) Tj ET Q q 0 0 0 rg BT 349.28 379.70 Td (license ) Tj ET Q q 0 0 0 rg BT 373.44 379.70 Td (period ) Tj ET Q q 0 0 0 rg BT 395.83 379.70 Td (begins ) Tj ET Q q 0 0 0 rg BT 418.66 379.70 Td (and ) Tj ET Q q 0 0 0 rg BT 432.16 379.70 Td (the ) Tj ET Q q 0 0 0 rg BT 443.88 379.70 Td (programs ) Tj ET Q q 0 0 0 rg BT 476.05 379.70 Td (are ) Tj ET Q q 0 0 0 rg BT 487.76 379.70 Td (available ) Tj ET Q q 0 0 0 rg BT 518.58 379.70 Td (for ) Tj ET Q q 0 0 0 rg BT 529.86 379.70 Td (broadcast.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (Purchased ) Tj ET Q q 0 0 0 rg BT 83.99 364.10 Td (program ) Tj ET Q q 0 0 0 rg BT 112.69 364.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 132.52 364.10 Td (are ) Tj ET Q q 0 0 0 rg BT 143.89 364.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 175.71 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 183.98 364.10 Td (current ) Tj ET Q q 0 0 0 rg BT 208.24 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 216.51 364.10 Td (non-current ) Tj ET Q q 0 0 0 rg BT 255.43 364.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 275.71 364.10 Td (based ) Tj ET Q q 0 0 0 rg BT 295.53 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 305.13 364.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 341.83 364.10 Td (usage, ) Tj ET Q q 0 0 0 rg BT 363.65 364.10 Td (while ) Tj ET Q q 0 0 0 rg BT 383.03 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.41 364.10 Td (related ) Tj ET Q q 0 0 0 rg BT 417.78 364.10 Td (program ) Tj ET Q q 0 0 0 rg BT 446.49 364.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 466.32 364.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 492.81 364.10 Td (is ) Tj ET Q q 0 0 0 rg BT 499.75 364.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 531.57 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 539.84 364.10 Td (current ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 354.50 Td (or ) Tj ET Q q 0 0 0 rg BT 58.16 354.50 Td (non-current ) Tj ET Q q 0 0 0 rg BT 97.48 354.50 Td (according ) Tj ET Q q 0 0 0 rg BT 131.02 354.50 Td (to ) Tj ET Q q 0 0 0 rg BT 139.24 354.50 Td (the ) Tj ET Q q 0 0 0 rg BT 151.02 354.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 180.56 354.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 200.34 354.50 Td (of ) Tj ET Q q 0 0 0 rg BT 209.00 354.50 Td (the ) Tj ET Q q 0 0 0 rg BT 220.77 354.50 Td (license ) Tj ET Q q 0 0 0 rg BT 244.98 354.50 Td (agreement.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 338.90 Td (Program ) Tj ET Q q 0 0 0 rg BT 78.64 338.90 Td (rights ) Tj ET Q q 0 0 0 rg BT 98.46 338.90 Td (are ) Tj ET Q q 0 0 0 rg BT 109.82 338.90 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 142.06 338.90 Td (to ) Tj ET Q q 0 0 0 rg BT 149.88 338.90 Td (determine ) Tj ET Q q 0 0 0 rg BT 183.46 338.90 Td (if ) Tj ET Q q 0 0 0 rg BT 189.94 338.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 219.96 338.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 249.98 338.90 Td (are ) Tj ET Q q 0 0 0 rg BT 261.34 338.90 Td (suf) Tj ET Q q 0 0 0 rg BT 270.97 338.90 Td (ficient ) Tj ET Q q 0 0 0 rg BT 293.00 338.90 Td (to ) Tj ET Q q 0 0 0 rg BT 300.82 338.90 Td (cover ) Tj ET Q q 0 0 0 rg BT 320.18 338.90 Td (the ) Tj ET Q q 0 0 0 rg BT 331.54 338.90 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 373.12 338.90 Td (portion ) Tj ET Q q 0 0 0 rg BT 397.82 338.90 Td (of ) Tj ET Q q 0 0 0 rg BT 406.08 338.90 Td (the ) Tj ET Q q 0 0 0 rg BT 417.45 338.90 Td (program. ) Tj ET Q q 0 0 0 rg BT 448.03 338.90 Td (T) Tj ET Q q 0 0 0 rg BT 452.36 338.90 Td (o ) Tj ET Q q 0 0 0 rg BT 457.95 338.90 Td (the ) Tj ET Q q 0 0 0 rg BT 469.32 338.90 Td (extent ) Tj ET Q q 0 0 0 rg BT 490.46 338.90 Td (that ) Tj ET Q q 0 0 0 rg BT 504.05 338.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 534.07 338.90 Td (revenues ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 329.30 Td (are ) Tj ET Q q 0 0 0 rg BT 61.71 329.30 Td (insuf) Tj ET Q q 0 0 0 rg BT 77.57 329.30 Td (ficient, ) Tj ET Q q 0 0 0 rg BT 102.45 329.30 Td (the ) Tj ET Q q 0 0 0 rg BT 114.68 329.30 Td (program ) Tj ET Q q 0 0 0 rg BT 144.23 329.30 Td (rights ) Tj ET Q q 0 0 0 rg BT 164.90 329.30 Td (are ) Tj ET Q q 0 0 0 rg BT 177.11 329.30 Td (written ) Tj ET Q q 0 0 0 rg BT 202.22 329.30 Td (down ) Tj ET Q q 0 0 0 rg BT 222.45 329.30 Td (to ) Tj ET Q q 0 0 0 rg BT 231.12 329.30 Td (their ) Tj ET Q q 0 0 0 rg BT 248.23 329.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 279.11 329.30 Td (net ) Tj ET Q q 0 0 0 rg BT 291.33 329.30 Td (realizable ) Tj ET Q q 0 0 0 rg BT 324.86 329.30 Td (value. ) Tj ET Q q 0 0 0 rg BT 346.46 329.30 Td (These ) Tj ET Q q 0 0 0 rg BT 368.01 329.30 Td (programming ) Tj ET Q q 0 0 0 rg BT 414.01 329.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 453.33 329.30 Td (char) Tj ET Q q 0 0 0 rg BT 466.96 329.30 Td (ges, ) Tj ET Q q 0 0 0 rg BT 482.07 329.30 Td (along ) Tj ET Q q 0 0 0 rg BT 502.29 329.30 Td (with ) Tj ET Q q 0 0 0 rg BT 518.96 329.30 Td (programming ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 319.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 87.74 319.70 Td (char) Tj ET Q q 0 0 0 rg BT 101.36 319.70 Td (ges ) Tj ET Q q 0 0 0 rg BT 113.39 319.70 Td (related ) Tj ET Q q 0 0 0 rg BT 136.52 319.70 Td (to ) Tj ET Q q 0 0 0 rg BT 144.11 319.70 Td (own-produced ) Tj ET Q q 0 0 0 rg BT 191.68 319.70 Td (content, ) Tj ET Q q 0 0 0 rg BT 218.59 319.70 Td (are ) Tj ET Q q 0 0 0 rg BT 229.72 319.70 Td (presented ) Tj ET Q q 0 0 0 rg BT 261.73 319.70 Td (as ) Tj ET Q q 0 0 0 rg BT 269.76 319.70 Td (a ) Tj ET Q q 0 0 0 rg BT 274.68 319.70 Td (component ) Tj ET Q q 0 0 0 rg BT 311.59 319.70 Td (of ) Tj ET Q q 0 0 0 rg BT 319.62 319.70 Td (content ) Tj ET Q q 0 0 0 rg BT 344.53 319.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 361.89 319.70 Td (in ) Tj ET Q q 0 0 0 rg BT 369.48 319.70 Td (our ) Tj ET Q q 0 0 0 rg BT 381.51 319.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 423.31 319.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 458.44 319.70 Td (of ) Tj ET Q q 0 0 0 rg BT 466.47 319.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 501.16 319.70 Td (and ) Tj ET Q q 0 0 0 rg BT 514.07 319.70 Td (comprehensive ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (income ) Tj ET Q q 0 0 0 rg BT 75.05 310.10 Td (/ ) Tj ET Q q 0 0 0 rg BT 79.27 310.10 Td (loss.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 294.50 Td (The ) Tj ET Q q 0 0 0 rg BT 63.75 294.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 81.55 294.50 Td (incurred ) Tj ET Q q 0 0 0 rg BT 110.01 294.50 Td (to ) Tj ET Q q 0 0 0 rg BT 118.04 294.50 Td (acquire ) Tj ET Q q 0 0 0 rg BT 143.39 294.50 Td (program ) Tj ET Q q 0 0 0 rg BT 172.30 294.50 Td (rights ) Tj ET Q q 0 0 0 rg BT 192.33 294.50 Td (are ) Tj ET Q q 0 0 0 rg BT 203.90 294.50 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 240.35 294.50 Td (and ) Tj ET Q q 0 0 0 rg BT 253.71 294.50 Td (amortized ) Tj ET Q q 0 0 0 rg BT 287.50 294.50 Td (over ) Tj ET Q q 0 0 0 rg BT 303.53 294.50 Td (their ) Tj ET Q q 0 0 0 rg BT 320.00 294.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 350.23 294.50 Td (useful ) Tj ET Q q 0 0 0 rg BT 371.59 294.50 Td (lives ) Tj ET Q q 0 0 0 rg BT 388.50 294.50 Td (in ) Tj ET Q q 0 0 0 rg BT 396.53 294.50 Td (a ) Tj ET Q q 0 0 0 rg BT 401.89 294.50 Td (manner ) Tj ET Q q 0 0 0 rg BT 427.69 294.50 Td (which ) Tj ET Q q 0 0 0 rg BT 449.05 294.50 Td (reflects ) Tj ET Q q 0 0 0 rg BT 474.39 294.50 Td (the ) Tj ET Q q 0 0 0 rg BT 485.97 294.50 Td (pattern ) Tj ET Q q 0 0 0 rg BT 509.99 294.50 Td (we ) Tj ET Q q 0 0 0 rg BT 521.13 294.50 Td (expect ) Tj ET Q q 0 0 0 rg BT 543.81 294.50 Td (to ) Tj ET Q q 0 0 0 rg BT 551.84 294.50 Td (use ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 284.90 Td (and ) Tj ET Q q 0 0 0 rg BT 63.39 284.90 Td (benefit ) Tj ET Q q 0 0 0 rg BT 87.93 284.90 Td (from ) Tj ET Q q 0 0 0 rg BT 105.82 284.90 Td (the ) Tj ET Q q 0 0 0 rg BT 117.93 284.90 Td (programming. ) Tj ET Q q 0 0 0 rg BT 165.81 284.90 Td (If ) Tj ET Q q 0 0 0 rg BT 173.47 284.90 Td (the ) Tj ET Q q 0 0 0 rg BT 185.58 284.90 Td (initial ) Tj ET Q q 0 0 0 rg BT 206.58 284.90 Td (airing ) Tj ET Q q 0 0 0 rg BT 227.57 284.90 Td (of ) Tj ET Q q 0 0 0 rg BT 236.57 284.90 Td (content ) Tj ET Q q 0 0 0 rg BT 262.45 284.90 Td (allowed ) Tj ET Q q 0 0 0 rg BT 290.11 284.90 Td (by ) Tj ET Q q 0 0 0 rg BT 300.45 284.90 Td (a ) Tj ET Q q 0 0 0 rg BT 306.33 284.90 Td (license ) Tj ET Q q 0 0 0 rg BT 330.88 284.90 Td (is ) Tj ET Q q 0 0 0 rg BT 338.55 284.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 369.31 284.90 Td (to ) Tj ET Q q 0 0 0 rg BT 377.87 284.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 404.64 284.90 Td (more ) Tj ET Q q 0 0 0 rg BT 423.41 284.90 Td (value ) Tj ET Q q 0 0 0 rg BT 443.07 284.90 Td (than ) Tj ET Q q 0 0 0 rg BT 459.18 284.90 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 497.07 284.90 Td (airings, ) Tj ET Q q 0 0 0 rg BT 523.18 284.90 Td (we ) Tj ET Q q 0 0 0 rg BT 534.84 284.90 Td (apply ) Tj ET Q q 0 0 0 rg BT 554.95 284.90 Td (an ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 275.30 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 87.67 275.30 Td (method ) Tj ET Q q 0 0 0 rg BT 113.87 275.30 Td (of ) Tj ET Q q 0 0 0 rg BT 122.74 275.30 Td (amortization. ) Tj ET Q q 0 0 0 rg BT 167.21 275.30 Td (These ) Tj ET Q q 0 0 0 rg BT 188.52 275.30 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 226.69 275.30 Td (methods ) Tj ET Q q 0 0 0 rg BT 256.00 275.30 Td (of ) Tj ET Q q 0 0 0 rg BT 264.87 275.30 Td (amortization ) Tj ET Q q 0 0 0 rg BT 307.50 275.30 Td (depend ) Tj ET Q q 0 0 0 rg BT 332.81 275.30 Td (on ) Tj ET Q q 0 0 0 rg BT 343.01 275.30 Td (the ) Tj ET Q q 0 0 0 rg BT 354.99 275.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 387.85 275.30 Td (number ) Tj ET Q q 0 0 0 rg BT 414.49 275.30 Td (of ) Tj ET Q q 0 0 0 rg BT 423.36 275.30 Td (runs ) Tj ET Q q 0 0 0 rg BT 439.34 275.30 Td (the ) Tj ET Q q 0 0 0 rg BT 451.32 275.30 Td (content ) Tj ET Q q 0 0 0 rg BT 477.07 275.30 Td (is ) Tj ET Q q 0 0 0 rg BT 484.61 275.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 515.24 275.30 Td (to ) Tj ET Q q 0 0 0 rg BT 523.67 275.30 Td (receive, ) Tj ET Q q 0 0 0 rg BT 550.96 275.30 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 265.70 Td (are ) Tj ET Q q 0 0 0 rg BT 60.59 265.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.89 265.70 Td (based ) Tj ET Q q 0 0 0 rg BT 117.43 265.70 Td (on ) Tj ET Q q 0 0 0 rg BT 126.75 265.70 Td (a ) Tj ET Q q 0 0 0 rg BT 131.62 265.70 Td (study ) Tj ET Q q 0 0 0 rg BT 150.27 265.70 Td (of ) Tj ET Q q 0 0 0 rg BT 158.26 265.70 Td (historical ) Tj ET Q q 0 0 0 rg BT 189.35 265.70 Td (results ) Tj ET Q q 0 0 0 rg BT 211.55 265.70 Td (for ) Tj ET Q q 0 0 0 rg BT 222.20 265.70 Td (similar ) Tj ET Q q 0 0 0 rg BT 245.74 265.70 Td (programming. ) Tj ET Q q 0 0 0 rg BT 292.61 265.70 Td (For ) Tj ET Q q 0 0 0 rg BT 305.04 265.70 Td (programming ) Tj ET Q q 0 0 0 rg BT 349.91 265.70 Td (that ) Tj ET Q q 0 0 0 rg BT 363.23 265.70 Td (is ) Tj ET Q q 0 0 0 rg BT 369.88 265.70 Td (not ) Tj ET Q q 0 0 0 rg BT 381.43 265.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 418.29 265.70 Td (supported, ) Tj ET Q q 0 0 0 rg BT 453.16 265.70 Td (each ) Tj ET Q q 0 0 0 rg BT 469.14 265.70 Td (program's ) Tj ET Q q 0 0 0 rg BT 502.11 265.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 519.43 265.70 Td (are ) Tj ET Q q 0 0 0 rg BT 530.52 265.70 Td (amortized ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (on ) Tj ET Q q 0 0 0 rg BT 59.50 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 65.05 256.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 105.71 256.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 123.71 256.10 Td (over ) Tj ET Q q 0 0 0 rg BT 139.92 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.70 256.10 Td (license ) Tj ET Q q 0 0 0 rg BT 175.91 256.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 200.34 256.10 Td (For ) Tj ET Q q 0 0 0 rg BT 213.46 256.10 Td (content ) Tj ET Q q 0 0 0 rg BT 239.00 256.10 Td (that ) Tj ET Q q 0 0 0 rg BT 253.00 256.10 Td (is ) Tj ET Q q 0 0 0 rg BT 260.34 256.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 290.76 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.98 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 308.54 256.10 Td (aired ) Tj ET Q q 0 0 0 rg BT 326.52 256.10 Td (only ) Tj ET Q q 0 0 0 rg BT 342.75 256.10 Td (once, ) Tj ET Q q 0 0 0 rg BT 361.85 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.62 256.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 393.83 256.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 408.72 256.10 Td (is ) Tj ET Q q 0 0 0 rg BT 416.05 256.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 447.82 256.10 Td (on ) Tj ET Q q 0 0 0 rg BT 457.82 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.59 256.10 Td (first ) Tj ET Q q 0 0 0 rg BT 484.48 256.10 Td (run.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 237.50 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.20 237.50 Td (oduced ) Tj ET Q q 0 0 0 rg BT 82.30 237.50 Td (pr) Tj ET Q q 0 0 0 rg BT 89.12 237.50 Td (ogram ) Tj ET Q q 0 0 0 rg BT 112.01 237.50 Td (rights) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 221.90 Td (Program ) Tj ET Q q 0 0 0 rg BT 78.94 221.90 Td (rights ) Tj ET Q q 0 0 0 rg BT 99.05 221.90 Td (that ) Tj ET Q q 0 0 0 rg BT 112.94 221.90 Td (are ) Tj ET Q q 0 0 0 rg BT 124.60 221.90 Td (produced ) Tj ET Q q 0 0 0 rg BT 156.25 221.90 Td (by ) Tj ET Q q 0 0 0 rg BT 166.14 221.90 Td (us ) Tj ET Q q 0 0 0 rg BT 175.15 221.90 Td (consist ) Tj ET Q q 0 0 0 rg BT 199.26 221.90 Td (of ) Tj ET Q q 0 0 0 rg BT 207.82 221.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 236.35 221.90 Td (film ) Tj ET Q q 0 0 0 rg BT 251.57 221.90 Td (and ) Tj ET Q q 0 0 0 rg BT 265.02 221.90 Td (television ) Tj ET Q q 0 0 0 rg BT 298.01 221.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 315.90 221.90 Td (including ) Tj ET Q q 0 0 0 rg BT 348.01 221.90 Td (direct ) Tj ET Q q 0 0 0 rg BT 368.11 221.90 Td (costs, ) Tj ET Q q 0 0 0 rg BT 388.00 221.90 Td (production ) Tj ET Q q 0 0 0 rg BT 424.55 221.90 Td (overhead ) Tj ET Q q 0 0 0 rg BT 455.76 221.90 Td (and ) Tj ET Q q 0 0 0 rg BT 469.20 221.90 Td (development ) Tj ET Q q 0 0 0 rg BT 512.41 221.90 Td (costs. ) Tj ET Q q 0 0 0 rg BT 532.17 221.90 Td (The ) Tj ET Q q 0 0 0 rg BT 546.50 221.90 Td (costs ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 212.30 Td (are ) Tj ET Q q 0 0 0 rg BT 61.07 212.30 Td (stated ) Tj ET Q q 0 0 0 rg BT 81.54 212.30 Td (at ) Tj ET Q q 0 0 0 rg BT 89.11 212.30 Td (the ) Tj ET Q q 0 0 0 rg BT 100.69 212.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 120.71 212.30 Td (of ) Tj ET Q q 0 0 0 rg BT 129.18 212.30 Td (cost, ) Tj ET Q q 0 0 0 rg BT 145.87 212.30 Td (net ) Tj ET Q q 0 0 0 rg BT 157.45 212.30 Td (of ) Tj ET Q q 0 0 0 rg BT 165.92 212.30 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 208.14 212.30 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 252.38 212.30 Td (or ) Tj ET Q q 0 0 0 rg BT 260.85 212.30 Td (net ) Tj ET Q q 0 0 0 rg BT 272.43 212.30 Td (realizable ) Tj ET Q q 0 0 0 rg BT 305.32 212.30 Td (value. ) Tj ET Q q 0 0 0 rg BT 326.31 212.30 Td (The ) Tj ET Q q 0 0 0 rg BT 340.56 212.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 366.36 212.30 Td (of ) Tj ET Q q 0 0 0 rg BT 374.83 212.30 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 411.28 212.30 Td (production ) Tj ET Q q 0 0 0 rg BT 447.74 212.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 465.55 212.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 502.44 212.30 Td (as ) Tj ET Q q 0 0 0 rg BT 510.91 212.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 525.60 212.30 Td (of ) Tj ET Q q 0 0 0 rg BT 534.07 212.30 Td (revenues ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 202.70 Td (for ) Tj ET Q q 0 0 0 rg BT 60.68 202.70 Td (a ) Tj ET Q q 0 0 0 rg BT 66.08 202.70 Td (given ) Tj ET Q q 0 0 0 rg BT 85.71 202.70 Td (production ) Tj ET Q q 0 0 0 rg BT 122.22 202.70 Td (as ) Tj ET Q q 0 0 0 rg BT 130.73 202.70 Td (it ) Tj ET Q q 0 0 0 rg BT 137.03 202.70 Td (is ) Tj ET Q q 0 0 0 rg BT 144.22 202.70 Td (exhibited ) Tj ET Q q 0 0 0 rg BT 175.84 202.70 Td (in ) Tj ET Q q 0 0 0 rg BT 183.91 202.70 Td (various ) Tj ET Q q 0 0 0 rg BT 209.32 202.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 236.49 202.70 Td (is ) Tj ET Q q 0 0 0 rg BT 243.68 202.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 281.52 202.70 Td (using ) Tj ET Q q 0 0 0 rg BT 300.70 202.70 Td (the ) Tj ET Q q 0 0 0 rg BT 312.33 202.70 Td (individual ) Tj ET Q q 0 0 0 rg BT 346.62 202.70 Td (film ) Tj ET Q q 0 0 0 rg BT 361.80 202.70 Td (forecast ) Tj ET Q q 0 0 0 rg BT 388.97 202.70 Td (method. ) Tj ET Q q 0 0 0 rg BT 416.69 202.70 Td (The ) Tj ET Q q 0 0 0 rg BT 430.98 202.70 Td (proportion ) Tj ET Q q 0 0 0 rg BT 466.60 202.70 Td (of ) Tj ET Q q 0 0 0 rg BT 475.12 202.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 492.97 202.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 529.91 202.70 Td (is ) Tj ET Q q 0 0 0 rg BT 537.10 202.70 Td (equal ) Tj ET Q q 0 0 0 rg BT 556.27 202.70 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.02 193.10 Td (proportion ) Tj ET Q q 0 0 0 rg BT 96.54 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.95 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.46 193.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 143.53 193.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 180.36 193.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 213.65 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.61 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.13 193.10 Td (total ) Tj ET Q q 0 0 0 rg BT 249.10 193.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 276.16 193.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 306.33 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.30 193.10 Td (be ) Tj ET Q q 0 0 0 rg BT 323.59 193.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 356.43 193.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 393.28 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.80 193.10 Td (product's ) Tj ET Q q 0 0 0 rg BT 435.54 193.10 Td (life ) Tj ET Q q 0 0 0 rg BT 447.94 193.10 Td (cycle ) Tj ET Q q 0 0 0 rg BT 466.56 193.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 480.75 193.10 Td ("ultimate ) Tj ET Q q 0 0 0 rg BT 511.97 193.10 Td (revenues"\). ) Tj ET Q q 0 0 0 rg BT 550.08 193.10 Td (Our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 183.50 Td (process ) Tj ET Q q 0 0 0 rg BT 76.08 183.50 Td (for ) Tj ET Q q 0 0 0 rg BT 87.99 183.50 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 123.89 183.50 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 152.69 183.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 183.71 183.50 Td (is ) Tj ET Q q 0 0 0 rg BT 191.63 183.50 Td (tailored ) Tj ET Q q 0 0 0 rg BT 218.64 183.50 Td (to ) Tj ET Q q 0 0 0 rg BT 227.45 183.50 Td (the ) Tj ET Q q 0 0 0 rg BT 239.81 183.50 Td (potential ) Tj ET Q q 0 0 0 rg BT 270.38 183.50 Td (we ) Tj ET Q q 0 0 0 rg BT 282.29 183.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 307.98 183.50 Td (a ) Tj ET Q q 0 0 0 rg BT 314.11 183.50 Td (title ) Tj ET Q q 0 0 0 rg BT 329.14 183.50 Td (has ) Tj ET Q q 0 0 0 rg BT 342.38 183.50 Td (for ) Tj ET Q q 0 0 0 rg BT 354.30 183.50 Td (generating ) Tj ET Q q 0 0 0 rg BT 390.64 183.50 Td (multiple ) Tj ET Q q 0 0 0 rg BT 419.89 183.50 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 452.72 183.50 Td (The ) Tj ET Q q 0 0 0 rg BT 467.74 183.50 Td (majority ) Tj ET Q q 0 0 0 rg BT 497.43 183.50 Td (of ) Tj ET Q q 0 0 0 rg BT 506.68 183.50 Td (our ) Tj ET Q q 0 0 0 rg BT 519.92 183.50 Td (production ) Tj ET Q q 0 0 0 rg BT 557.17 183.50 Td (is ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 173.90 Td (intended ) Tj ET Q q 0 0 0 rg BT 79.71 173.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 112.13 173.90 Td (for ) Tj ET Q q 0 0 0 rg BT 124.12 173.90 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 165.00 173.90 Td (by ) Tj ET Q q 0 0 0 rg BT 175.66 173.90 Td (our ) Tj ET Q q 0 0 0 rg BT 188.98 173.90 Td (own ) Tj ET Q q 0 0 0 rg BT 205.42 173.90 Td (broadcasters. ) Tj ET Q q 0 0 0 rg BT 250.05 173.90 Td (In ) Tj ET Q q 0 0 0 rg BT 259.38 173.90 Td (such ) Tj ET Q q 0 0 0 rg BT 276.70 173.90 Td (cases, ) Tj ET Q q 0 0 0 rg BT 298.24 173.90 Td (we ) Tj ET Q q 0 0 0 rg BT 310.23 173.90 Td (consider ) Tj ET Q q 0 0 0 rg BT 339.99 173.90 Td (mainly ) Tj ET Q q 0 0 0 rg BT 364.87 173.90 Td (the ) Tj ET Q q 0 0 0 rg BT 377.30 173.90 Td (free ) Tj ET Q q 0 0 0 rg BT 392.39 173.90 Td (television ) Tj ET Q q 0 0 0 rg BT 426.15 173.90 Td (window ) Tj ET Q q 0 0 0 rg BT 454.59 173.90 Td (in ) Tj ET Q q 0 0 0 rg BT 463.47 173.90 Td (our ) Tj ET Q q 0 0 0 rg BT 476.79 173.90 Td (calculation ) Tj ET Q q 0 0 0 rg BT 514.55 173.90 Td (of ) Tj ET Q q 0 0 0 rg BT 523.87 173.90 Td (the ) Tj ET Q q 0 0 0 rg BT 536.30 173.90 Td (ultimate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 164.30 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 81.93 164.30 Td (Changes ) Tj ET Q q 0 0 0 rg BT 111.48 164.30 Td (in ) Tj ET Q q 0 0 0 rg BT 119.70 164.30 Td (estimates ) Tj ET Q q 0 0 0 rg BT 151.47 164.30 Td (of ) Tj ET Q q 0 0 0 rg BT 160.14 164.30 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 188.35 164.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 218.78 164.30 Td (from ) Tj ET Q q 0 0 0 rg BT 236.33 164.30 Td (period ) Tj ET Q q 0 0 0 rg BT 258.77 164.30 Td (to ) Tj ET Q q 0 0 0 rg BT 266.99 164.30 Td (period ) Tj ET Q q 0 0 0 rg BT 289.43 164.30 Td (af) Tj ET Q q 0 0 0 rg BT 295.50 164.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 309.49 164.30 Td (the ) Tj ET Q q 0 0 0 rg BT 321.26 164.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 347.26 164.30 Td (of ) Tj ET Q q 0 0 0 rg BT 355.92 164.30 Td (film ) Tj ET Q q 0 0 0 rg BT 371.25 164.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 389.25 164.30 Td (amortized ) Tj ET Q q 0 0 0 rg BT 423.24 164.30 Td (in ) Tj ET Q q 0 0 0 rg BT 431.46 164.30 Td (a ) Tj ET Q q 0 0 0 rg BT 437.01 164.30 Td (given ) Tj ET Q q 0 0 0 rg BT 456.79 164.30 Td (period ) Tj ET Q q 0 0 0 rg BT 479.22 164.30 Td (and, ) Tj ET Q q 0 0 0 rg BT 494.77 164.30 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 527.64 164.30 Td (could ) Tj ET Q q 0 0 0 rg BT 547.41 164.30 Td (have ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 154.70 Td (an ) Tj ET Q q 0 0 0 rg BT 59.05 154.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 82.82 154.70 Td (on ) Tj ET Q q 0 0 0 rg BT 92.82 154.70 Td (our ) Tj ET Q q 0 0 0 rg BT 105.48 154.70 Td (results ) Tj ET Q q 0 0 0 rg BT 128.37 154.70 Td (for ) Tj ET Q q 0 0 0 rg BT 139.70 154.70 Td (that ) Tj ET Q q 0 0 0 rg BT 153.70 154.70 Td (period.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 139.10 Td (Produced ) Tj ET Q q 0 0 0 rg BT 81.29 139.10 Td (program ) Tj ET Q q 0 0 0 rg BT 109.96 139.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 129.75 139.10 Td (are ) Tj ET Q q 0 0 0 rg BT 141.09 139.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 174.65 139.10 Td (on ) Tj ET Q q 0 0 0 rg BT 184.22 139.10 Td (an ) Tj ET Q q 0 0 0 rg BT 193.34 139.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 227.35 139.10 Td (production ) Tj ET Q q 0 0 0 rg BT 263.58 139.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 281.15 139.10 Td (using ) Tj ET Q q 0 0 0 rg BT 300.06 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.41 139.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 327.64 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.87 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.22 139.10 Td (current ) Tj ET Q q 0 0 0 rg BT 371.44 139.10 Td (period's ) Tj ET Q q 0 0 0 rg BT 398.00 139.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 416.47 139.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 446.47 139.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.26 139.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 486.49 139.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 520.49 139.10 Td (total ) Tj ET Q q 0 0 0 rg BT 536.28 139.10 Td (ultimate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 129.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 79.49 129.50 Td (from ) Tj ET Q q 0 0 0 rg BT 96.60 129.50 Td (such ) Tj ET Q q 0 0 0 rg BT 112.82 129.50 Td (programs. ) Tj ET Q q 0 0 0 rg BT 146.59 129.50 Td (Produced ) Tj ET Q q 0 0 0 rg BT 178.37 129.50 Td (program ) Tj ET Q q 0 0 0 rg BT 207.03 129.50 Td (rights ) Tj ET Q q 0 0 0 rg BT 226.81 129.50 Td (are ) Tj ET Q q 0 0 0 rg BT 238.13 129.50 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 270.34 129.50 Td (to ) Tj ET Q q 0 0 0 rg BT 278.12 129.50 Td (determine ) Tj ET Q q 0 0 0 rg BT 311.66 129.50 Td (if ) Tj ET Q q 0 0 0 rg BT 318.11 129.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 348.09 129.50 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 380.08 129.50 Td (less ) Tj ET Q q 0 0 0 rg BT 393.64 129.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 427.19 129.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 444.75 129.50 Td (to ) Tj ET Q q 0 0 0 rg BT 452.53 129.50 Td (be ) Tj ET Q q 0 0 0 rg BT 461.64 129.50 Td (incurred ) Tj ET Q q 0 0 0 rg BT 489.85 129.50 Td (\(including ) Tj ET Q q 0 0 0 rg BT 524.29 129.50 Td (exploitation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 119.90 Td (costs\) ) Tj ET Q q 0 0 0 rg BT 70.01 119.90 Td (are ) Tj ET Q q 0 0 0 rg BT 81.62 119.90 Td (suf) Tj ET Q q 0 0 0 rg BT 91.26 119.90 Td (ficient ) Tj ET Q q 0 0 0 rg BT 113.54 119.90 Td (to ) Tj ET Q q 0 0 0 rg BT 121.61 119.90 Td (cover ) Tj ET Q q 0 0 0 rg BT 141.22 119.90 Td (the ) Tj ET Q q 0 0 0 rg BT 152.84 119.90 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 194.67 119.90 Td (portion ) Tj ET Q q 0 0 0 rg BT 219.63 119.90 Td (of ) Tj ET Q q 0 0 0 rg BT 228.14 119.90 Td (the ) Tj ET Q q 0 0 0 rg BT 239.76 119.90 Td (program. ) Tj ET Q q 0 0 0 rg BT 270.57 119.90 Td (T) Tj ET Q q 0 0 0 rg BT 274.90 119.90 Td (o ) Tj ET Q q 0 0 0 rg BT 280.75 119.90 Td (the ) Tj ET Q q 0 0 0 rg BT 292.37 119.90 Td (extent ) Tj ET Q q 0 0 0 rg BT 313.76 119.90 Td (that ) Tj ET Q q 0 0 0 rg BT 327.60 119.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 357.87 119.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 388.15 119.90 Td (are ) Tj ET Q q 0 0 0 rg BT 399.76 119.90 Td (insuf) Tj ET Q q 0 0 0 rg BT 415.62 119.90 Td (ficient, ) Tj ET Q q 0 0 0 rg BT 439.90 119.90 Td (the ) Tj ET Q q 0 0 0 rg BT 451.52 119.90 Td (program ) Tj ET Q q 0 0 0 rg BT 480.47 119.90 Td (rights ) Tj ET Q q 0 0 0 rg BT 500.54 119.90 Td (are ) Tj ET Q q 0 0 0 rg BT 512.15 119.90 Td (written ) Tj ET Q q 0 0 0 rg BT 536.66 119.90 Td (down ) Tj ET Q q 0 0 0 rg BT 556.28 119.90 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 110.30 Td (their ) Tj ET Q q 0 0 0 rg BT 66.16 110.30 Td (net ) Tj ET Q q 0 0 0 rg BT 77.93 110.30 Td (realizable ) Tj ET Q q 0 0 0 rg BT 111.02 110.30 Td (value.) Tj ET Q endstream endobj 101 0 obj <>] /Rotate 0 /Contents 102 0 R>> endobj 102 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (47) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.79 723.60 Td (operty) Tj ET Q q 0 0 0 rg BT 79.57 723.60 Td (, ) Tj ET Q q 0 0 0 rg BT 83.57 723.60 Td (Plant ) Tj ET Q q 0 0 0 rg BT 103.79 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 118.69 723.60 Td (Equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (Property) Tj ET Q q 0 0 0 rg BT 76.53 708.00 Td (, ) Tj ET Q q 0 0 0 rg BT 80.36 708.00 Td (plant ) Tj ET Q q 0 0 0 rg BT 98.18 708.00 Td (and ) Tj ET Q q 0 0 0 rg BT 111.56 708.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 147.15 708.00 Td (is ) Tj ET Q q 0 0 0 rg BT 154.31 708.00 Td (carried ) Tj ET Q q 0 0 0 rg BT 178.34 708.00 Td (at ) Tj ET Q q 0 0 0 rg BT 185.94 708.00 Td (cost, ) Tj ET Q q 0 0 0 rg BT 202.66 708.00 Td (less ) Tj ET Q q 0 0 0 rg BT 216.48 708.00 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 258.73 708.00 Td (depreciation. ) Tj ET Q q 0 0 0 rg BT 302.09 708.00 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 345.23 708.00 Td (is ) Tj ET Q q 0 0 0 rg BT 352.39 708.00 Td (computed ) Tj ET Q q 0 0 0 rg BT 385.77 708.00 Td (using ) Tj ET Q q 0 0 0 rg BT 404.93 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 416.53 708.00 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 457.01 708.00 Td (method ) Tj ET Q q 0 0 0 rg BT 482.83 708.00 Td (over ) Tj ET Q q 0 0 0 rg BT 498.87 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 510.47 708.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 542.96 708.00 Td (useful ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.40 Td (lives ) Tj ET Q q 0 0 0 rg BT 66.61 698.40 Td (assigned ) Tj ET Q q 0 0 0 rg BT 96.16 698.40 Td (to ) Tj ET Q q 0 0 0 rg BT 104.38 698.40 Td (each ) Tj ET Q q 0 0 0 rg BT 121.04 698.40 Td (major ) Tj ET Q q 0 0 0 rg BT 141.70 698.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 159.25 698.40 Td (category ) Tj ET Q q 0 0 0 rg BT 188.79 698.40 Td (as ) Tj ET Q q 0 0 0 rg BT 197.45 698.40 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 674.90 401.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 674.90 112.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 648.90 401.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 648.90 112.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 622.90 401.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 622.90 112.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 674.9 m 450 674.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 674.9 m 562 674.9 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 679.13 Td (Asset category) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 679.13 Td (Estimated useful life) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 666.15 Td (Land) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 666.15 Td (Indefinite) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 653.15 Td (Buildings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 653.15 Td (25 years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 640.15 Td (Machinery) Tj ET Q q 0 0 0 rg BT 85.89 640.15 Td (, fixtures and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 640.15 Td (4 - 8 years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 627.15 Td (Other equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 627.15 Td (3 - 8 years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 614.15 Td (Software) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 614.15 Td (3 - 5 years) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 594.80 Td (Construction-in-progress ) Tj ET Q q 0 0 0 rg BT 131.38 594.80 Td (is ) Tj ET Q q 0 0 0 rg BT 138.61 594.80 Td (not ) Tj ET Q q 0 0 0 rg BT 150.72 594.80 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 189.47 594.80 Td (until ) Tj ET Q q 0 0 0 rg BT 206.03 594.80 Td (put ) Tj ET Q q 0 0 0 rg BT 218.14 594.80 Td (into ) Tj ET Q q 0 0 0 rg BT 232.48 594.80 Td (use. ) Tj ET Q q 0 0 0 rg BT 247.04 594.80 Td (Capital ) Tj ET Q q 0 0 0 rg BT 272.03 594.80 Td (leases ) Tj ET Q q 0 0 0 rg BT 293.02 594.80 Td (are ) Tj ET Q q 0 0 0 rg BT 304.68 594.80 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 343.43 594.80 Td (on ) Tj ET Q q 0 0 0 rg BT 353.32 594.80 Td (a ) Tj ET Q q 0 0 0 rg BT 358.77 594.80 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 399.31 594.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 417.20 594.80 Td (over ) Tj ET Q q 0 0 0 rg BT 433.31 594.80 Td (the ) Tj ET Q q 0 0 0 rg BT 444.97 594.80 Td (shorter ) Tj ET Q q 0 0 0 rg BT 469.08 594.80 Td (of ) Tj ET Q q 0 0 0 rg BT 477.63 594.80 Td (the ) Tj ET Q q 0 0 0 rg BT 489.30 594.80 Td (estimated ) Tj ET Q q 0 0 0 rg BT 521.84 594.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 543.29 594.80 Td (life ) Tj ET Q q 0 0 0 rg BT 555.84 594.80 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 585.20 Td (the ) Tj ET Q q 0 0 0 rg BT 61.29 585.20 Td (asset ) Tj ET Q q 0 0 0 rg BT 78.86 585.20 Td (or ) Tj ET Q q 0 0 0 rg BT 87.54 585.20 Td (the ) Tj ET Q q 0 0 0 rg BT 99.34 585.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 117.34 585.20 Td (term. ) Tj ET Q q 0 0 0 rg BT 136.02 585.20 Td (Leasehold ) Tj ET Q q 0 0 0 rg BT 170.92 585.20 Td (improvements ) Tj ET Q q 0 0 0 rg BT 218.70 585.20 Td (are ) Tj ET Q q 0 0 0 rg BT 230.49 585.20 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 269.37 585.20 Td (over ) Tj ET Q q 0 0 0 rg BT 285.60 585.20 Td (the ) Tj ET Q q 0 0 0 rg BT 297.39 585.20 Td (shorter ) Tj ET Q q 0 0 0 rg BT 321.63 585.20 Td (of ) Tj ET Q q 0 0 0 rg BT 330.31 585.20 Td (the ) Tj ET Q q 0 0 0 rg BT 342.10 585.20 Td (related ) Tj ET Q q 0 0 0 rg BT 365.88 585.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 383.89 585.20 Td (term ) Tj ET Q q 0 0 0 rg BT 400.57 585.20 Td (or ) Tj ET Q q 0 0 0 rg BT 409.25 585.20 Td (the ) Tj ET Q q 0 0 0 rg BT 421.04 585.20 Td (life ) Tj ET Q q 0 0 0 rg BT 433.72 585.20 Td (of ) Tj ET Q q 0 0 0 rg BT 442.40 585.20 Td (the ) Tj ET Q q 0 0 0 rg BT 454.20 585.20 Td (asset. ) Tj ET Q q 0 0 0 rg BT 473.32 585.20 Td (Assets ) Tj ET Q q 0 0 0 rg BT 496.23 585.20 Td (to ) Tj ET Q q 0 0 0 rg BT 504.47 585.20 Td (be ) Tj ET Q q 0 0 0 rg BT 514.04 585.20 Td (disposed ) Tj ET Q q 0 0 0 rg BT 544.06 585.20 Td (of ) Tj ET Q q 0 0 0 rg BT 552.74 585.20 Td (are ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 575.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 78.15 575.60 Td (at ) Tj ET Q q 0 0 0 rg BT 85.93 575.60 Td (the ) Tj ET Q q 0 0 0 rg BT 97.70 575.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 117.91 575.60 Td (of ) Tj ET Q q 0 0 0 rg BT 126.58 575.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 155.23 575.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 181.23 575.60 Td (or ) Tj ET Q q 0 0 0 rg BT 189.89 575.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 202.99 575.60 Td (value, ) Tj ET Q q 0 0 0 rg BT 224.32 575.60 Td (less ) Tj ET Q q 0 0 0 rg BT 238.32 575.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 268.74 575.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 286.74 575.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.41 575.60 Td (disposal.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 557.00 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 91.07 557.00 Td (Assets ) Tj ET Q q 0 0 0 rg BT 114.40 557.00 Td (Including ) Tj ET Q q 0 0 0 rg BT 149.30 557.00 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 185.98 557.00 Td (Assets ) Tj ET Q q 0 0 0 rg BT 209.32 557.00 Td (with ) Tj ET Q q 0 0 0 rg BT 226.43 557.00 Td (Finite ) Tj ET Q q 0 0 0 rg BT 248.43 557.00 Td (Lives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 541.40 Td (Long-lived ) Tj ET Q q 0 0 0 rg BT 87.17 541.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 107.96 541.40 Td (include ) Tj ET Q q 0 0 0 rg BT 133.62 541.40 Td (property) Tj ET Q q 0 0 0 rg BT 160.21 541.40 Td (, ) Tj ET Q q 0 0 0 rg BT 164.33 541.40 Td (plant, ) Tj ET Q q 0 0 0 rg BT 184.45 541.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 220.34 541.40 Td (and ) Tj ET Q q 0 0 0 rg BT 234.01 541.40 Td (intangible ) Tj ET Q q 0 0 0 rg BT 268.13 541.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 288.91 541.40 Td (with ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q q 0 0 0 rg BT 173.21 531.80 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 207.77 531.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 228.11 531.80 Td (for ) Tj ET Q q 0 0 0 rg BT 239.12 531.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 277.68 531.80 Td (whenever ) Tj ET Q q 0 0 0 rg BT 310.45 531.80 Td (events ) Tj ET Q q 0 0 0 rg BT 332.57 531.80 Td (or ) Tj ET Q q 0 0 0 rg BT 340.91 531.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 368.36 531.80 Td (in ) Tj ET Q q 0 0 0 rg BT 376.26 531.80 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 423.25 531.80 Td (indicate ) Tj ET Q q 0 0 0 rg BT 450.25 531.80 Td (that ) Tj ET Q q 0 0 0 rg BT 463.93 531.80 Td (the ) Tj ET Q q 0 0 0 rg BT 475.38 531.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 503.71 531.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 529.39 531.80 Td (of ) Tj ET Q q 0 0 0 rg BT 537.73 531.80 Td (an ) Tj ET Q q 0 0 0 rg BT 546.96 531.80 Td (asset ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 522.20 Td (may ) Tj ET Q q 0 0 0 rg BT 65.34 522.20 Td (not ) Tj ET Q q 0 0 0 rg BT 77.63 522.20 Td (be ) Tj ET Q q 0 0 0 rg BT 87.25 522.20 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 128.63 522.20 Td (Long-lived ) Tj ET Q q 0 0 0 rg BT 166.24 522.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 186.97 522.20 Td (are ) Tj ET Q q 0 0 0 rg BT 198.81 522.20 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 231.52 522.20 Td (at ) Tj ET Q q 0 0 0 rg BT 239.37 522.20 Td (the ) Tj ET Q q 0 0 0 rg BT 251.21 522.20 Td (asset ) Tj ET Q q 0 0 0 rg BT 268.83 522.20 Td (group ) Tj ET Q q 0 0 0 rg BT 289.56 522.20 Td (level ) Tj ET Q q 0 0 0 rg BT 307.17 522.20 Td (when ) Tj ET Q q 0 0 0 rg BT 326.57 522.20 Td (there ) Tj ET Q q 0 0 0 rg BT 344.63 522.20 Td (is ) Tj ET Q q 0 0 0 rg BT 352.03 522.20 Td (an ) Tj ET Q q 0 0 0 rg BT 361.65 522.20 Td (indication ) Tj ET Q q 0 0 0 rg BT 395.71 522.20 Td (that ) Tj ET Q q 0 0 0 rg BT 409.78 522.20 Td (they ) Tj ET Q q 0 0 0 rg BT 425.62 522.20 Td (may ) Tj ET Q q 0 0 0 rg BT 441.46 522.20 Td (be ) Tj ET Q q 0 0 0 rg BT 451.08 522.20 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 483.43 522.20 Td (The ) Tj ET Q q 0 0 0 rg BT 497.94 522.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 526.66 522.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 555.83 522.20 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 512.60 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 84.17 512.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 104.63 512.60 Td (are ) Tj ET Q q 0 0 0 rg BT 116.18 512.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 152.62 512.60 Td (impaired ) Tj ET Q q 0 0 0 rg BT 182.84 512.60 Td (when ) Tj ET Q q 0 0 0 rg BT 201.96 512.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.52 512.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 250.41 512.60 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 294.86 512.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 310.86 512.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 330.43 512.60 Td (from ) Tj ET Q q 0 0 0 rg BT 347.77 512.60 Td (such ) Tj ET Q q 0 0 0 rg BT 364.22 512.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 384.67 512.60 Td (are ) Tj ET Q q 0 0 0 rg BT 396.23 512.60 Td (less ) Tj ET Q q 0 0 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(exceeds ) Tj ET Q q 0 0 0 rg BT 287.20 503.00 Td (the ) Tj ET Q q 0 0 0 rg BT 298.97 503.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 312.07 503.00 Td (value. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 484.40 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 82.62 484.40 Td (and ) Tj ET Q q 0 0 0 rg BT 97.52 484.40 Td (Indefinite-Lived ) Tj ET Q q 0 0 0 rg BT 155.07 484.40 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 191.75 484.40 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 468.80 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 468.80 Td (e ) Tj ET Q q 0 0 0 rg BT 62.32 468.80 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 91.32 468.80 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 122.12 468.80 Td (and ) Tj ET Q q 0 0 0 rg BT 136.03 468.80 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 187.70 468.80 Td (intangible ) Tj ET Q q 0 0 0 rg BT 222.05 468.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 243.07 468.80 Td (for ) Tj ET Q q 0 0 0 rg BT 254.75 468.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 293.98 468.80 Td (annually ) Tj ET Q q 0 0 0 rg BT 323.89 468.80 Td (as ) Tj ET Q q 0 0 0 rg BT 332.91 468.80 Td (of ) Tj ET Q q 0 0 0 rg BT 341.93 468.80 Td (October ) Tj ET Q q 0 0 0 rg BT 370.05 468.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 378.40 468.80 Td (or ) Tj ET Q q 0 0 0 rg BT 387.42 468.80 Td (more ) Tj ET Q q 0 0 0 rg BT 406.21 468.80 Td (frequently ) Tj ET Q q 0 0 0 rg BT 441.45 468.80 Td (if ) Tj ET Q q 0 0 0 rg BT 448.69 468.80 Td (events ) Tj ET Q q 0 0 0 rg BT 471.48 468.80 Td (or ) Tj ET Q q 0 0 0 rg BT 480.50 468.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 508.62 468.80 Td (in ) Tj ET Q q 0 0 0 rg BT 517.20 468.80 Td (circumstances ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 459.20 Td (indicate ) Tj ET Q q 0 0 0 rg BT 76.82 459.20 Td (that ) Tj ET Q q 0 0 0 rg BT 90.82 459.20 Td (the ) Tj ET Q q 0 0 0 rg BT 102.59 459.20 Td (asset ) Tj ET Q q 0 0 0 rg BT 120.14 459.20 Td (might ) Tj ET Q q 0 0 0 rg BT 140.81 459.20 Td (be ) Tj ET Q q 0 0 0 rg BT 150.36 459.20 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 182.79 459.20 Td (Such ) Tj ET Q q 0 0 0 rg BT 200.79 459.20 Td (events ) Tj ET Q q 0 0 0 rg BT 223.23 459.20 Td (and ) Tj ET Q q 0 0 0 rg BT 236.78 459.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 264.55 459.20 Td (in ) Tj ET Q q 0 0 0 rg BT 272.77 459.20 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 320.08 459.20 Td (include:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 446.60 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 446.60 Td (under) Tj ET Q q 0 0 0 rg BT 103.55 446.60 Td (-performance ) Tj ET Q q 0 0 0 rg BT 148.64 446.60 Td (of ) Tj ET Q q 0 0 0 rg BT 157.30 446.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 189.51 446.60 Td (segments ) Tj ET Q q 0 0 0 rg BT 221.29 446.60 Td (or ) Tj ET Q q 0 0 0 rg BT 229.95 446.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 257.71 446.60 Td (in ) Tj ET Q q 0 0 0 rg BT 265.94 446.60 Td (projected ) Tj ET Q q 0 0 0 rg BT 297.70 446.60 Td (results;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 434.00 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 434.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 113.27 434.00 Td (in ) Tj ET Q q 0 0 0 rg BT 121.49 434.00 Td (the ) Tj ET Q q 0 0 0 rg BT 133.26 434.00 Td (manner ) Tj ET Q q 0 0 0 rg BT 159.25 434.00 Td (of ) Tj ET Q q 0 0 0 rg BT 167.91 434.00 Td (utilization ) Tj ET Q q 0 0 0 rg BT 202.35 434.00 Td (of ) Tj ET Q q 0 0 0 rg BT 211.02 434.00 Td (an ) Tj ET Q q 0 0 0 rg BT 220.57 434.00 Td (asset;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 421.40 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 421.40 Td (severe ) Tj ET Q q 0 0 0 rg BT 108.02 421.40 Td (and ) Tj ET Q q 0 0 0 rg BT 121.66 421.40 Td (sustained ) Tj ET Q q 0 0 0 rg BT 153.53 421.40 Td (declines ) Tj ET Q q 0 0 0 rg BT 181.83 421.40 Td (in ) Tj ET Q q 0 0 0 rg BT 190.14 421.40 Td (the ) Tj ET Q q 0 0 0 rg BT 202.01 421.40 Td (trading ) Tj ET Q q 0 0 0 rg BT 226.76 421.40 Td (price ) Tj ET Q q 0 0 0 rg BT 244.84 421.40 Td (of ) Tj ET Q q 0 0 0 rg BT 253.59 421.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 275.67 421.40 Td (of ) Tj ET Q q 0 0 0 rg BT 284.43 421.40 Td (our ) Tj ET Q q 0 0 0 rg BT 297.18 421.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 316.15 421.40 Td (A) Tj ET Q q 0 0 0 rg BT 321.48 421.40 Td ( ) Tj ET Q q 0 0 0 rg BT 323.58 421.40 Td (common ) Tj ET Q q 0 0 0 rg BT 353.66 421.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 372.64 421.40 Td (that ) Tj ET Q q 0 0 0 rg BT 386.73 421.40 Td (are ) Tj ET Q q 0 0 0 rg BT 398.58 421.40 Td (not ) Tj ET Q q 0 0 0 rg BT 410.90 421.40 Td (attributable ) Tj ET Q q 0 0 0 rg BT 449.42 421.40 Td (to ) Tj ET Q q 0 0 0 rg BT 457.73 421.40 Td (factors ) Tj ET Q q 0 0 0 rg BT 481.59 421.40 Td (other ) Tj ET Q q 0 0 0 rg BT 500.12 421.40 Td (than ) Tj ET Q q 0 0 0 rg BT 515.98 421.40 Td (the ) Tj ET Q q 0 0 0 rg BT 527.84 421.40 Td (underlying ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 411.80 Td (value ) Tj ET Q q 0 0 0 rg BT 104.82 411.80 Td (of ) Tj ET Q q 0 0 0 rg BT 113.49 411.80 Td (our ) Tj ET Q q 0 0 0 rg BT 126.15 411.80 Td (assets;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 399.20 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 399.20 Td (negative ) Tj ET Q q 0 0 0 rg BT 114.60 399.20 Td (market ) Tj ET Q q 0 0 0 rg BT 138.81 399.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 174.14 399.20 Td (or ) Tj ET Q q 0 0 0 rg BT 182.80 399.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 215.90 399.20 Td (trends; ) Tj ET Q q 0 0 0 rg BT 239.68 399.20 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 386.60 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 386.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 112.26 386.60 Td (events, ) Tj ET Q q 0 0 0 rg BT 136.58 386.60 Td (such ) Tj ET Q q 0 0 0 rg BT 153.12 386.60 Td (as ) Tj ET Q q 0 0 0 rg BT 161.67 386.60 Td (new ) Tj ET Q q 0 0 0 rg BT 176.88 386.60 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 214.09 386.60 Td (new ) Tj ET Q q 0 0 0 rg BT 229.30 386.60 Td (market ) Tj ET Q q 0 0 0 rg BT 253.39 386.60 Td (entrants, ) Tj ET Q q 0 0 0 rg BT 282.60 386.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 310.24 386.60 Td (in ) Tj ET Q q 0 0 0 rg BT 318.35 386.60 Td (technology ) Tj ET Q q 0 0 0 rg BT 355.78 386.60 Td (or ) Tj ET Q q 0 0 0 rg BT 364.32 386.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 390.63 386.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 408.06 386.60 Td (judgments ) Tj ET Q q 0 0 0 rg BT 443.28 386.60 Td (that ) Tj ET Q q 0 0 0 rg BT 457.16 386.60 Td (we ) Tj ET Q q 0 0 0 rg BT 468.37 386.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 493.34 386.60 Td (could ) Tj ET Q q 0 0 0 rg BT 513.00 386.60 Td (have ) Tj ET Q q 0 0 0 rg BT 529.98 386.60 Td (a ) Tj ET Q q 0 0 0 rg BT 535.42 386.60 Td (negative ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 377.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 109.27 377.00 Td (on ) Tj ET Q q 0 0 0 rg BT 119.27 377.00 Td (our ) Tj ET Q q 0 0 0 rg BT 131.93 377.00 Td (business.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 361.40 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 81.33 361.40 Td (is ) Tj ET Q q 0 0 0 rg BT 88.27 361.40 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 120.53 361.40 Td (at ) Tj ET Q q 0 0 0 rg BT 127.91 361.40 Td (the ) Tj ET Q q 0 0 0 rg BT 139.29 361.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 170.22 361.40 Td (unit ) Tj ET Q q 0 0 0 rg BT 184.27 361.40 Td (level, ) Tj ET Q q 0 0 0 rg BT 203.42 361.40 Td (which ) Tj ET Q q 0 0 0 rg BT 224.58 361.40 Td (we ) Tj ET Q q 0 0 0 rg BT 235.51 361.40 Td (have ) Tj ET Q q 0 0 0 rg BT 252.22 361.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 289.81 361.40 Td (is ) Tj ET Q q 0 0 0 rg BT 296.75 361.40 Td (each ) Tj ET Q q 0 0 0 rg BT 313.01 361.40 Td (of ) Tj ET Q q 0 0 0 rg BT 321.28 361.40 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.55 361.40 Td (five) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.99 361.40 Td ( ) Tj ET Q q 0 0 0 rg BT 347.60 361.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 379.42 361.40 Td (segments. ) Tj ET Q q 0 0 0 rg BT 412.68 361.40 Td (W) Tj ET Q q 0 0 0 rg BT 419.59 361.40 Td (e ) Tj ET Q q 0 0 0 rg BT 424.75 361.40 Td (elected ) Tj ET Q q 0 0 0 rg BT 449.00 361.40 Td (to ) Tj ET Q q 0 0 0 rg BT 456.83 361.40 Td (bypass ) Tj ET Q q 0 0 0 rg BT 480.21 361.40 Td (the ) Tj ET Q q 0 0 0 rg BT 491.59 361.40 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 526.97 361.40 Td (assessment ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 351.80 Td (for ) Tj ET Q q 0 0 0 rg BT 61.49 351.80 Td (all ) Tj ET Q q 0 0 0 rg BT 72.15 351.80 Td (of ) Tj ET Q q 0 0 0 rg BT 81.48 351.80 Td (our ) Tj ET Q q 0 0 0 rg BT 94.81 351.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 126.80 351.80 Td (units ) Tj ET Q q 0 0 0 rg BT 145.03 351.80 Td (in ) Tj ET Q q 0 0 0 rg BT 153.91 351.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 172.58 351.80 Td (and ) Tj ET Q q 0 0 0 rg BT 186.79 351.80 Td (proceed ) Tj ET Q q 0 0 0 rg BT 214.78 351.80 Td (directly ) Tj ET Q q 0 0 0 rg BT 241.87 351.80 Td (to ) Tj ET Q q 0 0 0 rg BT 250.76 351.80 Td (performing ) Tj ET Q q 0 0 0 rg BT 289.42 351.80 Td (the ) Tj ET Q q 0 0 0 rg BT 301.85 351.80 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 342.28 351.80 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 373.39 351.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 412.94 351.80 Td (test.) Tj ET Q q 0 0 0 rg BT 427.90 351.80 Td (The ) Tj ET Q q 0 0 0 rg BT 443.01 351.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 456.77 351.80 Td (values ) Tj ET Q q 0 0 0 rg BT 479.88 351.80 Td (of ) Tj ET Q q 0 0 0 rg BT 489.20 351.80 Td (our ) Tj ET Q q 0 0 0 rg BT 502.53 351.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 534.52 351.80 Td (units ) Tj ET Q q 0 0 0 rg BT 552.75 351.80 Td (are ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 342.20 Td (determined ) Tj ET Q q 0 0 0 rg BT 87.86 342.20 Td (based ) Tj ET Q q 0 0 0 rg BT 108.45 342.20 Td (on ) Tj ET Q q 0 0 0 rg BT 118.82 342.20 Td (the ) Tj ET Q q 0 0 0 rg BT 130.97 342.20 Td (present ) Tj ET Q q 0 0 0 rg BT 156.45 342.20 Td (value ) Tj ET Q q 0 0 0 rg BT 176.15 342.20 Td (of ) Tj ET Q q 0 0 0 rg BT 185.19 342.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 215.99 342.20 Td (future ) Tj ET Q q 0 0 0 rg BT 237.46 342.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 254.05 342.20 Td (flows, ) Tj ET Q q 0 0 0 rg BT 276.21 342.20 Td (including ) Tj ET Q q 0 0 0 rg BT 308.80 342.20 Td (terminal ) Tj ET Q q 0 0 0 rg BT 337.83 342.20 Td (value, ) Tj ET Q q 0 0 0 rg BT 359.53 342.20 Td (discounted ) Tj ET Q q 0 0 0 rg BT 396.57 342.20 Td (at ) Tj ET Q q 0 0 0 rg BT 404.71 342.20 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 443.52 342.20 Td (rates, ) Tj ET Q q 0 0 0 rg BT 462.99 342.20 Td (determined ) Tj ET Q q 0 0 0 rg BT 501.35 342.20 Td (separately ) Tj ET Q q 0 0 0 rg BT 536.15 342.20 Td (for ) Tj ET Q q 0 0 0 rg BT 547.86 342.20 Td (each ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 332.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 80.45 332.60 Td (unit, ) Tj ET Q q 0 0 0 rg BT 96.52 332.60 Td (and ) Tj ET Q q 0 0 0 rg BT 109.70 332.60 Td (on ) Tj ET Q q 0 0 0 rg BT 119.33 332.60 Td (publicly ) Tj ET Q q 0 0 0 rg BT 147.17 332.60 Td (available ) Tj ET Q q 0 0 0 rg BT 177.67 332.60 Td (information, ) Tj ET Q q 0 0 0 rg BT 219.07 332.60 Td (where ) Tj ET Q q 0 0 0 rg BT 240.24 332.60 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 280.17 332.60 Td (The ) Tj ET Q q 0 0 0 rg BT 294.24 332.60 Td (determination ) Tj ET Q q 0 0 0 rg BT 340.29 332.60 Td (of ) Tj ET Q q 0 0 0 rg BT 348.59 332.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 361.31 332.60 Td (value ) Tj ET Q q 0 0 0 rg BT 380.27 332.60 Td (involves ) Tj ET Q q 0 0 0 rg BT 409.00 332.60 Td (the ) Tj ET Q q 0 0 0 rg BT 420.40 332.60 Td (use ) Tj ET Q q 0 0 0 rg BT 432.69 332.60 Td (of ) Tj ET Q q 0 0 0 rg BT 440.98 332.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 476.38 332.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 507.78 332.60 Td (and ) Tj ET Q q 0 0 0 rg BT 520.95 332.60 Td (assumptions, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 323.00 Td (including: ) Tj ET Q q 0 0 0 rg BT 83.79 323.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 110.96 323.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 135.47 323.00 Td (rates, ) Tj ET Q q 0 0 0 rg BT 154.42 323.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 186.48 323.00 Td (mar) Tj ET Q q 0 0 0 rg BT 198.77 323.00 Td (gins, ) Tj ET Q q 0 0 0 rg BT 215.96 323.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 239.12 323.00 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 283.85 323.00 Td (working ) Tj ET Q q 0 0 0 rg BT 312.36 323.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 335.53 323.00 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 381.14 323.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 392.76 323.00 Td (rates, ) Tj ET Q q 0 0 0 rg BT 411.71 323.00 Td (terminal ) Tj ET Q q 0 0 0 rg BT 440.22 323.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 464.73 323.00 Td (rates, ) Tj ET Q q 0 0 0 rg BT 483.68 323.00 Td (management's ) Tj ET Q q 0 0 0 rg BT 530.95 323.00 Td (long-term ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 313.40 Td (plan ) Tj ET Q q 0 0 0 rg BT 65.43 313.40 Td (and ) Tj ET Q q 0 0 0 rg BT 79.14 313.40 Td (a ) Tj ET Q q 0 0 0 rg BT 84.85 313.40 Td (discount ) Tj ET Q q 0 0 0 rg BT 114.11 313.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 128.26 313.40 Td (selected ) Tj ET Q q 0 0 0 rg BT 156.18 313.40 Td (with ) Tj ET Q q 0 0 0 rg BT 172.56 313.40 Td (reference ) Tj ET Q q 0 0 0 rg BT 204.46 313.40 Td (to ) Tj ET Q q 0 0 0 rg BT 212.84 313.40 Td (the ) Tj ET Q q 0 0 0 rg BT 224.77 313.40 Td (relevant ) Tj ET Q q 0 0 0 rg BT 252.69 313.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 267.73 313.40 Td (of ) Tj ET Q q 0 0 0 rg BT 276.56 313.40 Td (capital. ) Tj ET Q q 0 0 0 rg BT 301.56 313.40 Td (An ) Tj ET Q q 0 0 0 rg BT 313.49 313.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 352.53 313.40 Td (exists ) Tj ET Q q 0 0 0 rg BT 372.91 313.40 Td (when ) Tj ET Q q 0 0 0 rg BT 392.39 313.40 Td (the ) Tj ET Q q 0 0 0 rg BT 404.32 313.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 433.13 313.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 459.29 313.40 Td (of ) Tj ET Q q 0 0 0 rg BT 468.11 313.40 Td (a ) Tj ET Q q 0 0 0 rg BT 473.82 313.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 505.30 313.40 Td (unit ) Tj ET Q q 0 0 0 rg BT 519.90 313.40 Td (\(including ) Tj ET Q q 0 0 0 rg BT 554.94 313.40 Td (its ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 303.80 Td (goodwill\), ) Tj ET Q q 0 0 0 rg BT 84.61 303.80 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 111.93 303.80 Td (its ) Tj ET Q q 0 0 0 rg BT 121.48 303.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 134.59 303.80 Td (value.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 288.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 288.20 Td (e ) Tj ET Q q 0 0 0 rg BT 61.91 288.20 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 90.50 288.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 118.22 288.20 Td (the ) Tj ET Q q 0 0 0 rg BT 129.94 288.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 151.44 288.20 Td (life ) Tj ET Q q 0 0 0 rg BT 164.04 288.20 Td (of ) Tj ET Q q 0 0 0 rg BT 172.65 288.20 Td (each ) Tj ET Q q 0 0 0 rg BT 189.25 288.20 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 240.52 288.20 Td (intangible ) Tj ET Q q 0 0 0 rg BT 274.46 288.20 Td (asset ) Tj ET Q q 0 0 0 rg BT 291.96 288.20 Td (remains ) Tj ET Q q 0 0 0 rg BT 319.23 288.20 Td (indefinite. ) Tj ET Q q 0 0 0 rg BT 353.83 288.20 Td (Each ) Tj ET Q q 0 0 0 rg BT 371.77 288.20 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 423.03 288.20 Td (intangible ) Tj ET Q q 0 0 0 rg BT 456.97 288.20 Td (asset ) Tj ET Q q 0 0 0 rg BT 474.47 288.20 Td (is ) Tj ET Q q 0 0 0 rg BT 481.75 288.20 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 514.35 288.20 Td (for ) Tj ET Q q 0 0 0 rg BT 525.62 288.20 Td (impairment ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 278.60 Td (individually) Tj ET Q q 0 0 0 rg BT 87.64 278.60 Td (. ) Tj ET Q q 0 0 0 rg BT 91.42 278.60 Td (The ) Tj ET Q q 0 0 0 rg BT 105.77 278.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 118.78 278.60 Td (values ) Tj ET Q q 0 0 0 rg BT 141.14 278.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.71 278.60 Td (our ) Tj ET Q q 0 0 0 rg BT 162.29 278.60 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 213.52 278.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 247.42 278.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 268.00 278.60 Td (are ) Tj ET Q q 0 0 0 rg BT 279.68 278.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 317.58 278.60 Td (using ) Tj ET Q q 0 0 0 rg BT 336.83 278.60 Td (the ) Tj ET Q q 0 0 0 rg BT 348.51 278.60 Td (relief ) Tj ET Q q 0 0 0 rg BT 367.30 278.60 Td (from ) Tj ET Q q 0 0 0 rg BT 384.77 278.60 Td (royalty ) Tj ET Q q 0 0 0 rg BT 409.34 278.60 Td (method. ) Tj ET Q q 0 0 0 rg BT 436.83 278.60 Td (An ) Tj ET Q q 0 0 0 rg BT 448.52 278.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 487.31 278.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 501.67 278.60 Td (is ) Tj ET Q q 0 0 0 rg BT 508.92 278.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 545.92 278.60 Td (if ) Tj ET Q q 0 0 0 rg BT 552.72 278.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 269.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 78.15 269.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 104.15 269.00 Td (of ) Tj ET Q q 0 0 0 rg BT 112.81 269.00 Td (an ) Tj ET Q q 0 0 0 rg BT 122.36 269.00 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 173.68 269.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 207.67 269.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 225.22 269.00 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 252.54 269.00 Td (its ) Tj ET Q q 0 0 0 rg BT 262.10 269.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 275.20 269.00 Td (value.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 250.40 Td (Income ) Tj ET Q q 0 0 0 rg BT 76.68 250.40 Td (T) Tj ET Q q 0 0 0 rg BT 81.29 250.40 Td (axes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 234.80 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 234.80 Td (e ) Tj ET Q q 0 0 0 rg BT 61.57 234.80 Td (account ) Tj ET Q q 0 0 0 rg BT 88.05 234.80 Td (for ) Tj ET Q q 0 0 0 rg BT 98.98 234.80 Td (income ) Tj ET Q q 0 0 0 rg BT 124.13 234.80 Td (taxes ) Tj ET Q q 0 0 0 rg BT 142.18 234.80 Td (under ) Tj ET Q q 0 0 0 rg BT 162.00 234.80 Td (the ) Tj ET Q q 0 0 0 rg BT 173.38 234.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 190.53 234.80 Td (and ) Tj ET Q q 0 0 0 rg BT 203.69 234.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 230.18 234.80 Td (method. ) Tj ET Q q 0 0 0 rg BT 257.78 234.80 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 287.81 234.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.19 234.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 319.46 234.80 Td (and ) Tj ET Q q 0 0 0 rg BT 332.61 234.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 363.99 234.80 Td (are ) Tj ET Q q 0 0 0 rg BT 375.36 234.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 412.06 234.80 Td (for ) Tj ET Q q 0 0 0 rg BT 422.99 234.80 Td (the ) Tj ET Q q 0 0 0 rg BT 434.37 234.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 464.40 234.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 475.78 234.80 Td (consequences ) Tj ET Q q 0 0 0 rg BT 521.37 234.80 Td (of ) Tj ET Q q 0 0 0 rg BT 529.64 234.80 Td (temporary ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 225.20 Td (dif) Tj ET Q q 0 0 0 rg BT 58.24 225.20 Td (ferences ) Tj ET Q q 0 0 0 rg BT 87.50 225.20 Td (between ) Tj ET Q q 0 0 0 rg BT 116.78 225.20 Td (the ) Tj ET Q q 0 0 0 rg BT 129.17 225.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 141.56 225.20 Td (bases ) Tj ET Q q 0 0 0 rg BT 161.50 225.20 Td (of ) Tj ET Q q 0 0 0 rg BT 170.79 225.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 192.07 225.20 Td (and ) Tj ET Q q 0 0 0 rg BT 206.24 225.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 238.63 225.20 Td (and ) Tj ET Q q 0 0 0 rg BT 252.80 225.20 Td (their ) Tj ET Q q 0 0 0 rg BT 270.08 225.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 299.35 225.20 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 331.08 225.20 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 362.12 225.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 374.51 225.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 395.79 225.20 Td (and ) Tj ET Q q 0 0 0 rg BT 409.96 225.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 442.35 225.20 Td (are ) Tj ET Q q 0 0 0 rg BT 454.73 225.20 Td (measured ) Tj ET Q q 0 0 0 rg BT 488.00 225.20 Td (using ) Tj ET Q q 0 0 0 rg BT 507.96 225.20 Td (enacted ) Tj ET Q q 0 0 0 rg BT 535.00 225.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 547.39 225.20 Td (rates ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 215.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 80.00 215.60 Td (to ) Tj ET Q q 0 0 0 rg BT 88.29 215.60 Td (apply ) Tj ET Q q 0 0 0 rg BT 108.14 215.60 Td (to ) Tj ET Q q 0 0 0 rg BT 116.43 215.60 Td (taxable ) Tj ET Q q 0 0 0 rg BT 141.60 215.60 Td (income ) Tj ET Q q 0 0 0 rg BT 167.22 215.60 Td (in ) Tj ET Q q 0 0 0 rg BT 175.52 215.60 Td (the ) Tj ET Q q 0 0 0 rg BT 187.36 215.60 Td (year ) Tj ET Q q 0 0 0 rg BT 203.20 215.60 Td (in ) Tj ET Q q 0 0 0 rg BT 211.50 215.60 Td (which ) Tj ET Q q 0 0 0 rg BT 233.12 215.60 Td (the ) Tj ET Q q 0 0 0 rg BT 244.96 215.60 Td (temporary ) Tj ET Q q 0 0 0 rg BT 279.91 215.60 Td (dif) Tj ET Q q 0 0 0 rg BT 288.65 215.60 Td (ferences ) Tj ET Q q 0 0 0 rg BT 317.37 215.60 Td (are ) Tj ET Q q 0 0 0 rg BT 329.21 215.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 359.71 215.60 Td (to ) Tj ET Q q 0 0 0 rg BT 368.00 215.60 Td (be ) Tj ET Q q 0 0 0 rg BT 377.63 215.60 Td (recovered ) Tj ET Q q 0 0 0 rg BT 411.23 215.60 Td (or ) Tj ET Q q 0 0 0 rg BT 419.96 215.60 Td (settled. ) Tj ET Q q 0 0 0 rg BT 444.77 215.60 Td (V) Tj ET Q q 0 0 0 rg BT 449.66 215.60 Td (aluation ) Tj ET Q q 0 0 0 rg BT 477.50 215.60 Td (allowances ) Tj ET Q q 0 0 0 rg BT 515.11 215.60 Td (are ) Tj ET Q q 0 0 0 rg BT 526.95 215.60 Td (established ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 206.00 Td (when ) Tj ET Q q 0 0 0 rg BT 69.03 206.00 Td (necessary ) Tj ET Q q 0 0 0 rg BT 102.32 206.00 Td (to ) Tj ET Q q 0 0 0 rg BT 110.75 206.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 134.26 206.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 163.11 206.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 175.08 206.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 195.94 206.00 Td (to ) Tj ET Q q 0 0 0 rg BT 204.37 206.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 233.68 206.00 Td (which ) Tj ET Q q 0 0 0 rg BT 255.43 206.00 Td (are ) Tj ET Q q 0 0 0 rg BT 267.39 206.00 Td (more ) Tj ET Q q 0 0 0 rg BT 286.03 206.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 306.45 206.00 Td (than ) Tj ET Q q 0 0 0 rg BT 322.42 206.00 Td (not ) Tj ET Q q 0 0 0 rg BT 334.85 206.00 Td (to ) Tj ET Q q 0 0 0 rg BT 343.27 206.00 Td (be ) Tj ET Q q 0 0 0 rg BT 353.02 206.00 Td (realized. ) Tj ET Q q 0 0 0 rg BT 382.53 206.00 Td (In ) Tj ET Q q 0 0 0 rg BT 391.40 206.00 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 426.92 206.00 Td (the ) Tj ET Q q 0 0 0 rg BT 438.89 206.00 Td (realizability ) Tj ET Q q 0 0 0 rg BT 479.29 206.00 Td (of ) Tj ET Q q 0 0 0 rg BT 488.16 206.00 Td (our ) Tj ET Q q 0 0 0 rg BT 501.02 206.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 529.87 206.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 541.84 206.00 Td (assets, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 196.40 Td (we ) Tj ET Q q 0 0 0 rg BT 60.57 196.40 Td (consider ) Tj ET Q q 0 0 0 rg BT 89.42 196.40 Td (all ) Tj ET Q q 0 0 0 rg BT 99.16 196.40 Td (available ) Tj ET Q q 0 0 0 rg BT 129.78 196.40 Td (positive ) Tj ET Q q 0 0 0 rg BT 156.86 196.40 Td (and ) Tj ET Q q 0 0 0 rg BT 170.16 196.40 Td (negative ) Tj ET Q q 0 0 0 rg BT 199.00 196.40 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 231.17 196.40 Td (including ) Tj ET Q q 0 0 0 rg BT 263.14 196.40 Td (future ) Tj ET Q q 0 0 0 rg BT 283.98 196.40 Td (reversals ) Tj ET Q q 0 0 0 rg BT 314.16 196.40 Td (of ) Tj ET Q q 0 0 0 rg BT 322.57 196.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 349.65 196.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 374.49 196.40 Td (temporary ) Tj ET Q q 0 0 0 rg BT 409.11 196.40 Td (dif) Tj ET Q q 0 0 0 rg BT 417.86 196.40 Td (ferences, ) Tj ET Q q 0 0 0 rg BT 448.25 196.40 Td (projected ) Tj ET Q q 0 0 0 rg BT 479.75 196.40 Td (future ) Tj ET Q q 0 0 0 rg BT 500.60 196.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 525.45 196.40 Td (income, ) Tj ET Q q 0 0 0 rg BT 552.74 196.40 Td (tax ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 186.80 Td (planning ) Tj ET Q q 0 0 0 rg BT 79.50 186.80 Td (strategies ) Tj ET Q q 0 0 0 rg BT 111.71 186.80 Td (and ) Tj ET Q q 0 0 0 rg BT 125.26 186.80 Td (recent ) Tj ET Q q 0 0 0 rg BT 146.80 186.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 176.78 186.80 Td (operations.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 171.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 171.20 Td (e ) Tj ET Q q 0 0 0 rg BT 61.91 171.20 Td (recognize ) Tj ET Q q 0 0 0 rg BT 94.95 171.20 Td (in ) Tj ET Q q 0 0 0 rg BT 103.12 171.20 Td (the ) Tj ET Q q 0 0 0 rg BT 114.84 171.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 157.22 171.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 187.15 171.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 222.87 171.20 Td (those ) Tj ET Q q 0 0 0 rg BT 241.71 171.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 253.43 171.20 Td (positions ) Tj ET Q q 0 0 0 rg BT 284.27 171.20 Td (determined ) Tj ET Q q 0 0 0 rg BT 322.20 171.20 Td (to ) Tj ET Q q 0 0 0 rg BT 330.38 171.20 Td (be ) Tj ET Q q 0 0 0 rg BT 339.87 171.20 Td ("more ) Tj ET Q q 0 0 0 rg BT 361.53 171.20 Td (likely ) Tj ET Q q 0 0 0 rg BT 381.69 171.20 Td (than ) Tj ET Q q 0 0 0 rg BT 397.41 171.20 Td (not" ) Tj ET Q q 0 0 0 rg BT 412.85 171.20 Td (of ) Tj ET Q q 0 0 0 rg BT 421.46 171.20 Td (being ) Tj ET Q q 0 0 0 rg BT 441.18 171.20 Td (sustained ) Tj ET Q q 0 0 0 rg BT 472.91 171.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 490.85 171.20 Td (examination, ) Tj ET Q q 0 0 0 rg BT 534.35 171.20 Td (based ) Tj ET Q q 0 0 0 rg BT 554.51 171.20 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 161.60 Td (the ) Tj ET Q q 0 0 0 rg BT 60.88 161.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 91.36 161.60 Td (merits ) Tj ET Q q 0 0 0 rg BT 112.96 161.60 Td (of ) Tj ET Q q 0 0 0 rg BT 121.23 161.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.61 161.60 Td (positions ) Tj ET Q q 0 0 0 rg BT 163.11 161.60 Td (and ) Tj ET Q q 0 0 0 rg BT 176.26 161.60 Td (we ) Tj ET Q q 0 0 0 rg BT 187.20 161.60 Td (recognize, ) Tj ET Q q 0 0 0 rg BT 221.89 161.60 Td (when ) Tj ET Q q 0 0 0 rg BT 240.82 161.60 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 277.30 161.60 Td (both ) Tj ET Q q 0 0 0 rg BT 293.13 161.60 Td (accrued ) Tj ET Q q 0 0 0 rg BT 319.60 161.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 344.75 161.60 Td (and ) Tj ET Q q 0 0 0 rg BT 357.91 161.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 387.95 161.60 Td (related ) Tj ET Q q 0 0 0 rg BT 411.32 161.60 Td (to ) Tj ET Q q 0 0 0 rg BT 419.14 161.60 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 450.51 161.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 461.89 161.60 Td (positions ) Tj ET Q q 0 0 0 rg BT 492.39 161.60 Td (in ) Tj ET Q q 0 0 0 rg BT 500.22 161.60 Td (income ) Tj ET Q q 0 0 0 rg BT 525.37 161.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 536.75 161.60 Td (expense ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 152.00 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 152.00 Td (the ) Tj ET Q q 0 0 0 rg BT 69.50 152.00 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 118.14 152.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 160.58 152.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 196.35 152.00 Td (of ) Tj ET Q q 0 0 0 rg BT 205.01 152.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 240.34 152.00 Td (and ) Tj ET Q q 0 0 0 rg BT 253.89 152.00 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 304.31 152.00 Td (income ) Tj ET Q q 0 0 0 rg BT 329.86 152.00 Td (/ ) Tj ET Q q 0 0 0 rg BT 334.08 152.00 Td (loss.) Tj ET Q endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (48) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (For) Tj ET Q q 0 0 0 rg BT 61.79 723.60 Td (eign ) Tj ET Q q 0 0 0 rg BT 78.02 723.60 Td (Curr) Tj ET Q q 0 0 0 rg BT 95.20 723.60 Td (ency) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 705.00 Td (T) Tj ET Q q 0 0 0 rg BT 53.51 705.00 Td (ranslation ) Tj ET Q q 0 0 0 rg BT 88.40 705.00 Td (of ) Tj ET Q q 0 0 0 rg BT 96.63 705.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 127.07 705.00 Td (statements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 689.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.39 689.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 94.17 689.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 123.60 689.40 Td (is ) Tj ET Q q 0 0 0 rg BT 130.39 689.40 Td (the ) Tj ET Q q 0 0 0 rg BT 141.62 689.40 Td (dollar) Tj ET Q q 0 0 0 rg BT 159.83 689.40 Td (. ) Tj ET Q q 0 0 0 rg BT 163.18 689.40 Td (The ) Tj ET Q q 0 0 0 rg BT 177.07 689.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 206.51 689.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 241.73 689.40 Td (of ) Tj ET Q q 0 0 0 rg BT 249.85 689.40 Td (our ) Tj ET Q q 0 0 0 rg BT 261.96 689.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 296.74 689.40 Td (whose ) Tj ET Q q 0 0 0 rg BT 318.63 689.40 Td (functional ) Tj ET Q q 0 0 0 rg BT 352.52 689.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 381.95 689.40 Td (is ) Tj ET Q q 0 0 0 rg BT 388.74 689.40 Td (other ) Tj ET Q q 0 0 0 rg BT 406.63 689.40 Td (than ) Tj ET Q q 0 0 0 rg BT 421.85 689.40 Td (the ) Tj ET Q q 0 0 0 rg BT 433.08 689.40 Td (dollar ) Tj ET Q q 0 0 0 rg BT 453.19 689.40 Td (are ) Tj ET Q q 0 0 0 rg BT 464.41 689.40 Td (translated ) Tj ET Q q 0 0 0 rg BT 496.96 689.40 Td (from ) Tj ET Q q 0 0 0 rg BT 513.96 689.40 Td (such ) Tj ET Q q 0 0 0 rg BT 530.08 689.40 Td (functional ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 679.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 79.46 679.80 Td (to ) Tj ET Q q 0 0 0 rg BT 87.66 679.80 Td (dollars ) Tj ET Q q 0 0 0 rg BT 111.41 679.80 Td (at ) Tj ET Q q 0 0 0 rg BT 119.16 679.80 Td (the ) Tj ET Q q 0 0 0 rg BT 130.91 679.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 163.09 679.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 180.17 679.80 Td (in ) Tj ET Q q 0 0 0 rg BT 188.37 679.80 Td (ef) Tj ET Q q 0 0 0 rg BT 194.44 679.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 208.41 679.80 Td (at ) Tj ET Q q 0 0 0 rg BT 216.16 679.80 Td (the ) Tj ET Q q 0 0 0 rg BT 227.91 679.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 254.31 679.80 Td (sheet ) Tj ET Q q 0 0 0 rg BT 272.73 679.80 Td (date ) Tj ET Q q 0 0 0 rg BT 288.03 679.80 Td (for ) Tj ET Q q 0 0 0 rg BT 299.33 679.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 319.98 679.80 Td (and ) Tj ET Q q 0 0 0 rg BT 333.50 679.80 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 367.26 679.80 Td (and ) Tj ET Q q 0 0 0 rg BT 380.78 679.80 Td (at ) Tj ET Q q 0 0 0 rg BT 388.54 679.80 Td (weighted ) Tj ET Q q 0 0 0 rg BT 419.84 679.80 Td (average ) Tj ET Q q 0 0 0 rg BT 446.68 679.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 463.76 679.80 Td (for ) Tj ET Q q 0 0 0 rg BT 475.07 679.80 Td (the ) Tj ET Q q 0 0 0 rg BT 486.82 679.80 Td (period ) Tj ET Q q 0 0 0 rg BT 509.23 679.80 Td (for ) Tj ET Q q 0 0 0 rg BT 520.54 679.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 550.95 679.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 670.20 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 82.57 670.20 Td (including ) Tj ET Q q 0 0 0 rg BT 114.98 670.20 Td (gains ) Tj ET Q q 0 0 0 rg BT 134.06 670.20 Td (and ) Tj ET Q q 0 0 0 rg BT 147.80 670.20 Td (losses. ) Tj ET Q q 0 0 0 rg BT 170.94 670.20 Td (T) Tj ET Q q 0 0 0 rg BT 175.55 670.20 Td (ranslational ) Tj ET Q q 0 0 0 rg BT 215.06 670.20 Td (gains ) Tj ET Q q 0 0 0 rg BT 234.14 670.20 Td (and ) Tj ET Q q 0 0 0 rg BT 247.88 670.20 Td (losses ) Tj ET Q q 0 0 0 rg BT 269.18 670.20 Td (are ) Tj ET Q q 0 0 0 rg BT 281.14 670.20 Td (char) Tj ET Q q 0 0 0 rg BT 294.76 670.20 Td (ged ) Tj ET Q q 0 0 0 rg BT 308.50 670.20 Td (or ) Tj ET Q q 0 0 0 rg BT 317.35 670.20 Td (credited ) Tj ET Q q 0 0 0 rg BT 345.31 670.20 Td (to ) Tj ET Q q 0 0 0 rg BT 353.72 670.20 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 396.33 670.20 Td (other ) Tj ET Q q 0 0 0 rg BT 414.96 670.20 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 465.58 670.20 Td (income ) Tj ET Q q 0 0 0 rg BT 491.31 670.20 Td (/ ) Tj ET Q q 0 0 0 rg BT 495.73 670.20 Td (loss, ) Tj ET Q q 0 0 0 rg BT 512.37 670.20 Td (a ) Tj ET Q q 0 0 0 rg BT 518.11 670.20 Td (component ) Tj ET Q q 0 0 0 rg BT 555.84 670.20 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 660.60 Td (equity) Tj ET Q q 0 0 0 rg BT 68.98 660.60 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 645.00 Td (Certain ) Tj ET Q q 0 0 0 rg BT 74.66 645.00 Td (of ) Tj ET Q q 0 0 0 rg BT 82.93 645.00 Td (our ) Tj ET Q q 0 0 0 rg BT 95.20 645.00 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 140.79 645.00 Td (loans ) Tj ET Q q 0 0 0 rg BT 159.29 645.00 Td (to ) Tj ET Q q 0 0 0 rg BT 167.12 645.00 Td (our ) Tj ET Q q 0 0 0 rg BT 179.39 645.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 218.77 645.00 Td (are ) Tj ET Q q 0 0 0 rg BT 230.15 645.00 Td (of ) Tj ET Q q 0 0 0 rg BT 238.42 645.00 Td (a ) Tj ET Q q 0 0 0 rg BT 243.58 645.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 276.73 645.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 313.45 645.00 Td (nature. ) Tj ET Q q 0 0 0 rg BT 336.93 645.00 Td (W) Tj ET Q q 0 0 0 rg BT 343.84 645.00 Td (e ) Tj ET Q q 0 0 0 rg BT 349.00 645.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 378.59 645.00 Td (the ) Tj ET Q q 0 0 0 rg BT 389.97 645.00 Td (results ) Tj ET Q q 0 0 0 rg BT 412.46 645.00 Td (of ) Tj ET Q q 0 0 0 rg BT 420.74 645.00 Td (the ) Tj ET Q q 0 0 0 rg BT 432.12 645.00 Td (retranslation ) Tj ET Q q 0 0 0 rg BT 473.71 645.00 Td (of ) Tj ET Q q 0 0 0 rg BT 481.98 645.00 Td (these ) Tj ET Q q 0 0 0 rg BT 500.03 645.00 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 545.62 645.00 Td (loans ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 635.40 Td (as ) Tj ET Q q 0 0 0 rg BT 57.86 635.40 Td (an ) Tj ET Q q 0 0 0 rg BT 67.11 635.40 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 103.91 635.40 Td (to ) Tj ET Q q 0 0 0 rg BT 111.82 635.40 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 153.94 635.40 Td (other ) Tj ET Q q 0 0 0 rg BT 172.07 635.40 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 222.20 635.40 Td (income ) Tj ET Q q 0 0 0 rg BT 247.44 635.40 Td (/ ) Tj ET Q q 0 0 0 rg BT 251.36 635.40 Td (loss, ) Tj ET Q q 0 0 0 rg BT 267.50 635.40 Td (a ) Tj ET Q q 0 0 0 rg BT 272.75 635.40 Td (component ) Tj ET Q q 0 0 0 rg BT 309.99 635.40 Td (of ) Tj ET Q q 0 0 0 rg BT 318.35 635.40 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 361.91 635.40 Td (equity) Tj ET Q q 0 0 0 rg BT 381.39 635.40 Td (, ) Tj ET Q q 0 0 0 rg BT 385.09 635.40 Td (as ) Tj ET Q q 0 0 0 rg BT 393.45 635.40 Td (settlement ) Tj ET Q q 0 0 0 rg BT 428.02 635.40 Td (of ) Tj ET Q q 0 0 0 rg BT 436.38 635.40 Td (these ) Tj ET Q q 0 0 0 rg BT 454.51 635.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 473.09 635.40 Td (is ) Tj ET Q q 0 0 0 rg BT 480.13 635.40 Td (not ) Tj ET Q q 0 0 0 rg BT 492.04 635.40 Td (planned ) Tj ET Q q 0 0 0 rg BT 519.06 635.40 Td (or ) Tj ET Q q 0 0 0 rg BT 527.42 635.40 Td (anticipated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 625.80 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 625.80 Td (the ) Tj ET Q q 0 0 0 rg BT 69.50 625.80 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 107.91 625.80 Td (future.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 607.20 Td (T) Tj ET Q q 0 0 0 rg BT 53.51 607.20 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 92.84 607.20 Td (in ) Tj ET Q q 0 0 0 rg BT 101.07 607.20 Td (for) Tj ET Q q 0 0 0 rg BT 110.11 607.20 Td (eign ) Tj ET Q q 0 0 0 rg BT 125.88 607.20 Td (curr) Tj ET Q q 0 0 0 rg BT 139.36 607.20 Td (encies) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 591.60 Td (Gains ) Tj ET Q q 0 0 0 rg BT 70.43 591.60 Td (and ) Tj ET Q q 0 0 0 rg BT 84.24 591.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 105.62 591.60 Td (from ) Tj ET Q q 0 0 0 rg BT 123.43 591.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 148.80 591.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 179.04 591.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 219.52 591.60 Td (are ) Tj ET Q q 0 0 0 rg BT 231.55 591.60 Td (included ) Tj ET Q q 0 0 0 rg BT 261.36 591.60 Td (in ) Tj ET Q q 0 0 0 rg BT 269.84 591.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 295.21 591.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 325.45 591.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 357.92 591.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 373.96 591.60 Td (/ ) Tj ET Q q 0 0 0 rg BT 378.44 591.60 Td (loss, ) Tj ET Q q 0 0 0 rg BT 395.16 591.60 Td (net ) Tj ET Q q 0 0 0 rg BT 407.19 591.60 Td (in ) Tj ET Q q 0 0 0 rg BT 415.68 591.60 Td (the ) Tj ET Q q 0 0 0 rg BT 427.72 591.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 470.41 591.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 506.45 591.60 Td (of ) Tj ET Q q 0 0 0 rg BT 515.38 591.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 550.96 591.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 582.00 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 99.93 582.00 Td (income ) Tj ET Q q 0 0 0 rg BT 125.47 582.00 Td (/ ) Tj ET Q q 0 0 0 rg BT 129.70 582.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 144.14 582.00 Td (in ) Tj ET Q q 0 0 0 rg BT 152.37 582.00 Td (the ) Tj ET Q q 0 0 0 rg BT 164.14 582.00 Td (period ) Tj ET Q q 0 0 0 rg BT 186.58 582.00 Td (during ) Tj ET Q q 0 0 0 rg BT 209.46 582.00 Td (which ) Tj ET Q q 0 0 0 rg BT 231.02 582.00 Td (they ) Tj ET Q q 0 0 0 rg BT 246.79 582.00 Td (arise.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 563.40 Td (Leases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 547.80 Td (Leases ) Tj ET Q q 0 0 0 rg BT 73.34 547.80 Td (are ) Tj ET Q q 0 0 0 rg BT 85.17 547.80 Td (classified ) Tj ET Q q 0 0 0 rg BT 117.46 547.80 Td (as ) Tj ET Q q 0 0 0 rg BT 126.19 547.80 Td (either ) Tj ET Q q 0 0 0 rg BT 146.47 547.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 169.87 547.80 Td (or ) Tj ET Q q 0 0 0 rg BT 178.60 547.80 Td (operating. ) Tj ET Q q 0 0 0 rg BT 212.73 547.80 Td (Those ) Tj ET Q q 0 0 0 rg BT 234.35 547.80 Td (leases ) Tj ET Q q 0 0 0 rg BT 255.53 547.80 Td (that ) Tj ET Q q 0 0 0 rg BT 269.60 547.80 Td (transfer ) Tj ET Q q 0 0 0 rg BT 296.10 547.80 Td (substantially ) Tj ET Q q 0 0 0 rg BT 338.61 547.80 Td (all ) Tj ET Q q 0 0 0 rg BT 348.68 547.80 Td (benefits ) Tj ET Q q 0 0 0 rg BT 376.07 547.80 Td (and ) Tj ET Q q 0 0 0 rg BT 389.69 547.80 Td (risks ) Tj ET Q q 0 0 0 rg BT 406.88 547.80 Td (of ) Tj ET Q q 0 0 0 rg BT 415.61 547.80 Td (ownership ) Tj ET Q q 0 0 0 rg BT 451.01 547.80 Td (of ) Tj ET Q q 0 0 0 rg BT 459.75 547.80 Td (the ) Tj ET Q q 0 0 0 rg BT 471.59 547.80 Td (property ) Tj ET Q q 0 0 0 rg BT 500.77 547.80 Td (to ) Tj ET Q q 0 0 0 rg BT 509.06 547.80 Td (us ) Tj ET Q q 0 0 0 rg BT 518.24 547.80 Td (are ) Tj ET Q q 0 0 0 rg BT 530.08 547.80 Td (accounted ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 538.20 Td (for ) Tj ET Q q 0 0 0 rg BT 60.83 538.20 Td (as ) Tj ET Q q 0 0 0 rg BT 69.49 538.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 92.81 538.20 Td (leases. ) Tj ET Q q 0 0 0 rg BT 115.47 538.20 Td (All ) Tj ET Q q 0 0 0 rg BT 127.70 538.20 Td (other ) Tj ET Q q 0 0 0 rg BT 146.13 538.20 Td (leases ) Tj ET Q q 0 0 0 rg BT 167.23 538.20 Td (are ) Tj ET Q q 0 0 0 rg BT 179.00 538.20 Td (accounted ) Tj ET Q q 0 0 0 rg BT 213.43 538.20 Td (for ) Tj ET Q q 0 0 0 rg BT 224.75 538.20 Td (as ) Tj ET Q q 0 0 0 rg BT 233.42 538.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 265.63 538.20 Td (leases.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 74.93 522.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 96.35 522.60 Td (are ) Tj ET Q q 0 0 0 rg BT 108.44 522.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 143.18 522.60 Td (for ) Tj ET Q q 0 0 0 rg BT 154.83 522.60 Td (as ) Tj ET Q q 0 0 0 rg BT 163.82 522.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 184.80 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 198.68 522.60 Td (are ) Tj ET Q q 0 0 0 rg BT 210.76 522.60 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 249.95 522.60 Td (on ) Tj ET Q q 0 0 0 rg BT 260.27 522.60 Td (a ) Tj ET Q q 0 0 0 rg BT 266.14 522.60 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 307.12 522.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 325.44 522.60 Td (over ) Tj ET Q q 0 0 0 rg BT 341.98 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 354.07 522.60 Td (shorter ) Tj ET Q q 0 0 0 rg BT 378.61 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 387.59 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 399.69 522.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 432.66 522.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 454.54 522.60 Td (life ) Tj ET Q q 0 0 0 rg BT 467.52 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 476.50 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 488.60 522.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 506.47 522.60 Td (or ) Tj ET Q q 0 0 0 rg BT 515.46 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 527.55 522.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 545.86 522.60 Td (term. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 513.00 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 97.09 513.00 Td (to ) Tj ET Q q 0 0 0 rg BT 105.56 513.00 Td (repay ) Tj ET Q q 0 0 0 rg BT 125.58 513.00 Td (the ) Tj ET Q q 0 0 0 rg BT 137.61 513.00 Td (principal ) Tj ET Q q 0 0 0 rg BT 168.30 513.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 197.66 513.00 Td (arising ) Tj ET Q q 0 0 0 rg BT 221.68 513.00 Td (under ) Tj ET Q q 0 0 0 rg BT 242.15 513.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 265.73 513.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 283.97 513.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 321.77 513.00 Td (are ) Tj ET Q q 0 0 0 rg BT 333.79 513.00 Td (included ) Tj ET Q q 0 0 0 rg BT 363.59 513.00 Td (in ) Tj ET Q q 0 0 0 rg BT 372.07 513.00 Td (current ) Tj ET Q q 0 0 0 rg BT 396.97 513.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 429.00 513.00 Td (to ) Tj ET Q q 0 0 0 rg BT 437.48 513.00 Td (the ) Tj ET Q q 0 0 0 rg BT 449.50 513.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 471.30 513.00 Td (that ) Tj ET Q q 0 0 0 rg BT 485.55 513.00 Td (the ) Tj ET Q q 0 0 0 rg BT 497.58 513.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 523.83 513.00 Td (is ) Tj ET Q q 0 0 0 rg BT 531.42 513.00 Td (repayable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 503.40 Td (within ) Tj ET Q q 0 0 0 rg BT 71.95 503.40 Td (one ) Tj ET Q q 0 0 0 rg BT 85.50 503.40 Td (year; ) Tj ET Q q 0 0 0 rg BT 103.48 503.40 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 136.59 503.40 Td (the ) Tj ET Q q 0 0 0 rg BT 148.36 503.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 178.79 503.40 Td (is ) Tj ET Q q 0 0 0 rg BT 186.13 503.40 Td (included ) Tj ET Q q 0 0 0 rg BT 215.68 503.40 Td (in ) Tj ET Q q 0 0 0 rg BT 223.90 503.40 Td (non-current ) Tj ET Q q 0 0 0 rg BT 263.21 503.40 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 296.84 503.40 Td (The ) Tj ET Q q 0 0 0 rg BT 311.28 503.40 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 347.93 503.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 365.91 503.40 Td (obligation ) Tj ET Q q 0 0 0 rg BT 400.36 503.40 Td (reflects ) Tj ET Q q 0 0 0 rg BT 425.89 503.40 Td (the ) Tj ET Q q 0 0 0 rg BT 437.67 503.40 Td (present ) Tj ET Q q 0 0 0 rg BT 462.77 503.40 Td (value ) Tj ET Q q 0 0 0 rg BT 482.09 503.40 Td (of ) Tj ET Q q 0 0 0 rg BT 490.76 503.40 Td (future ) Tj ET Q q 0 0 0 rg BT 511.86 503.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 529.85 503.40 Td (payments. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 493.80 Td (The ) Tj ET Q q 0 0 0 rg BT 63.98 493.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 96.23 493.80 Td (element ) Tj ET Q q 0 0 0 rg BT 123.60 493.80 Td (of ) Tj ET Q q 0 0 0 rg BT 132.30 493.80 Td (the ) Tj ET Q q 0 0 0 rg BT 144.12 493.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 162.15 493.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 194.86 493.80 Td (is ) Tj ET Q q 0 0 0 rg BT 202.23 493.80 Td (char) Tj ET Q q 0 0 0 rg BT 215.86 493.80 Td (ged ) Tj ET Q q 0 0 0 rg BT 229.45 493.80 Td (to ) Tj ET Q q 0 0 0 rg BT 237.71 493.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 263.30 493.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 291.11 493.80 Td (over ) Tj ET Q q 0 0 0 rg BT 307.37 493.80 Td (the ) Tj ET Q q 0 0 0 rg BT 319.19 493.80 Td (term ) Tj ET Q q 0 0 0 rg BT 335.89 493.80 Td (of ) Tj ET Q q 0 0 0 rg BT 344.60 493.80 Td (the ) Tj ET Q q 0 0 0 rg BT 356.41 493.80 Td (lease. ) Tj ET Q q 0 0 0 rg BT 376.45 493.80 Td (Operating ) Tj ET Q q 0 0 0 rg BT 410.48 493.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 428.51 493.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 446.55 493.80 Td (are ) Tj ET Q q 0 0 0 rg BT 458.36 493.80 Td (expensed ) Tj ET Q q 0 0 0 rg BT 490.17 493.80 Td (on ) Tj ET Q q 0 0 0 rg BT 500.21 493.80 Td (a ) Tj ET Q q 0 0 0 rg BT 505.80 493.80 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 546.50 493.80 Td (basis ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 484.20 Td (over ) Tj ET Q q 0 0 0 rg BT 65.71 484.20 Td (the ) Tj ET Q q 0 0 0 rg BT 77.49 484.20 Td (term ) Tj ET Q q 0 0 0 rg BT 94.15 484.20 Td (of ) Tj ET Q q 0 0 0 rg BT 102.81 484.20 Td (the ) Tj ET Q q 0 0 0 rg BT 114.59 484.20 Td (lease. ) Tj ET Q q 0 0 0 rg BT 134.57 484.20 Td (See ) Tj ET Q q 0 0 0 rg BT 148.13 484.20 Td (below ) Tj ET Q q 0 0 0 rg BT 169.68 484.20 Td ("Recent ) Tj ET Q q 0 0 0 rg BT 196.71 484.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 236.04 484.20 Td (Pronouncements" ) Tj ET Q q 0 0 0 rg BT 294.63 484.20 Td (for ) Tj ET Q q 0 0 0 rg BT 305.95 484.20 Td (information ) Tj ET Q q 0 0 0 rg BT 345.72 484.20 Td (on ) Tj ET Q q 0 0 0 rg BT 355.72 484.20 Td (the ) Tj ET Q q 0 0 0 rg BT 367.50 484.20 Td (adoption ) Tj ET Q q 0 0 0 rg BT 397.49 484.20 Td (of ) Tj ET Q q 0 0 0 rg BT 405.71 484.20 Td (ASC ) Tj ET Q q 0 0 0 rg BT 423.28 484.20 Td (842 ) Tj ET Q q 0 0 0 rg BT 437.28 484.20 Td ("Leases" ) Tj ET Q q 0 0 0 rg BT 467.57 484.20 Td (as ) Tj ET Q q 0 0 0 rg BT 476.24 484.20 Td (at ) Tj ET Q q 0 0 0 rg BT 484.01 484.20 Td (January ) Tj ET Q q 0 0 0 rg BT 510.89 484.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 518.89 484.20 Td (2019.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 465.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 83.50 465.60 Td (Instruments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 447.00 Td (Fair ) Tj ET Q q 0 0 0 rg BT 65.72 447.00 Td (value ) Tj ET Q q 0 0 0 rg BT 85.05 447.00 Td (of ) Tj ET Q q 0 0 0 rg BT 93.27 447.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 123.71 447.00 Td (instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 431.40 Td (The ) Tj ET Q q 0 0 0 rg BT 63.91 431.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 92.53 431.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 118.50 431.40 Td (of ) Tj ET Q q 0 0 0 rg BT 127.14 431.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.09 431.40 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 198.40 431.40 Td (including ) Tj ET Q q 0 0 0 rg BT 230.59 431.40 Td (cash, ) Tj ET Q q 0 0 0 rg BT 248.77 431.40 Td (accounts ) Tj ET Q q 0 0 0 rg BT 278.73 431.40 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 315.57 431.40 Td (and ) Tj ET Q q 0 0 0 rg BT 329.09 431.40 Td (accounts ) Tj ET Q q 0 0 0 rg BT 359.05 431.40 Td (payable ) Tj ET Q q 0 0 0 rg BT 385.90 431.40 Td (and ) Tj ET Q q 0 0 0 rg BT 399.42 431.40 Td (accrued ) Tj ET Q q 0 0 0 rg BT 426.26 431.40 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 460.00 431.40 Td (approximate ) Tj ET Q q 0 0 0 rg BT 501.96 431.40 Td (their ) Tj ET Q q 0 0 0 rg BT 518.59 431.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 531.67 431.40 Td (value ) Tj ET Q q 0 0 0 rg BT 550.96 431.40 Td (due ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 421.80 Td (to ) Tj ET Q q 0 0 0 rg BT 57.72 421.80 Td (the ) Tj ET Q q 0 0 0 rg BT 69.48 421.80 Td (short-term ) Tj ET Q q 0 0 0 rg BT 104.80 421.80 Td (nature ) Tj ET Q q 0 0 0 rg BT 126.78 421.80 Td (of ) Tj ET Q q 0 0 0 rg BT 135.44 421.80 Td (these ) Tj ET Q q 0 0 0 rg BT 153.87 421.80 Td (items. ) Tj ET Q q 0 0 0 rg BT 175.05 421.80 Td (The ) Tj ET Q q 0 0 0 rg BT 189.48 421.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 202.58 421.80 Td (value ) Tj ET Q q 0 0 0 rg BT 221.89 421.80 Td (of ) Tj ET Q q 0 0 0 rg BT 230.55 421.80 Td (our ) Tj ET Q q 0 0 0 rg BT 243.21 421.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 276.75 421.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 292.51 421.80 Td (\(as ) Tj ET Q q 0 0 0 rg BT 303.84 421.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 329.82 421.80 Td (hereinafter\) ) Tj ET Q q 0 0 0 rg BT 369.11 421.80 Td (is ) Tj ET Q q 0 0 0 rg BT 376.44 421.80 Td (included ) Tj ET Q q 0 0 0 rg BT 405.98 421.80 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.20 421.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 431.74 421.80 Td (5, ) Tj ET Q q 0 0 0 rg BT 439.74 421.80 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 479.21 421.80 Td (Debt ) Tj ET Q q 0 0 0 rg BT 496.75 421.80 Td (and ) Tj ET Q q 0 0 0 rg BT 510.29 421.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 530.50 421.80 Td (Financing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 412.20 Td (Arrangements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 98.08 412.20 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 396.60 Td (Fair ) Tj ET Q q 0 0 0 rg BT 64.54 396.60 Td (value ) Tj ET Q q 0 0 0 rg BT 84.02 396.60 Td (is ) Tj ET Q q 0 0 0 rg BT 91.51 396.60 Td (the ) Tj ET Q q 0 0 0 rg BT 103.44 396.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 129.59 396.60 Td (for ) Tj ET Q q 0 0 0 rg BT 141.07 396.60 Td (which ) Tj ET Q q 0 0 0 rg BT 162.78 396.60 Td (an ) Tj ET Q q 0 0 0 rg BT 172.48 396.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 190.19 396.60 Td (or ) Tj ET Q q 0 0 0 rg BT 199.00 396.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 226.04 396.60 Td (could ) Tj ET Q q 0 0 0 rg BT 245.97 396.60 Td (be ) Tj ET Q q 0 0 0 rg BT 255.68 396.60 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 292.04 396.60 Td (or ) Tj ET Q q 0 0 0 rg BT 300.85 396.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 329.66 396.60 Td (in ) Tj ET Q q 0 0 0 rg BT 338.04 396.60 Td (a ) Tj ET Q q 0 0 0 rg BT 343.74 396.60 Td (current ) Tj ET Q q 0 0 0 rg BT 368.55 396.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 405.80 396.60 Td (between ) Tj ET Q q 0 0 0 rg BT 434.61 396.60 Td (knowledgeable, ) Tj ET Q q 0 0 0 rg BT 487.19 396.60 Td (able ) Tj ET Q q 0 0 0 rg BT 502.67 396.60 Td (and ) Tj ET Q q 0 0 0 rg BT 516.37 396.60 Td (willing ) Tj ET Q q 0 0 0 rg BT 541.19 396.60 Td (parties ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 387.00 Td (that ) Tj ET Q q 0 0 0 rg BT 63.46 387.00 Td (is ) Tj ET Q q 0 0 0 rg BT 70.76 387.00 Td (not ) Tj ET Q q 0 0 0 rg BT 82.94 387.00 Td (a ) Tj ET Q q 0 0 0 rg BT 88.45 387.00 Td (forced ) Tj ET Q q 0 0 0 rg BT 110.84 387.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 125.24 387.00 Td (or ) Tj ET Q q 0 0 0 rg BT 133.87 387.00 Td (liquidation. ) Tj ET Q q 0 0 0 rg BT 172.50 387.00 Td (US ) Tj ET Q q 0 0 0 rg BT 184.68 387.00 Td (GAAP) Tj ET Q q 0 0 0 rg BT 206.17 387.00 Td ( ) Tj ET Q q 0 0 0 rg BT 208.13 387.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 235.86 387.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 271.59 387.00 Td (management ) Tj ET Q q 0 0 0 rg BT 314.42 387.00 Td (estimates ) Tj ET Q q 0 0 0 rg BT 346.15 387.00 Td (in ) Tj ET Q q 0 0 0 rg BT 354.34 387.00 Td (determining ) Tj ET Q q 0 0 0 rg BT 394.96 387.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 408.02 387.00 Td (value. ) Tj ET Q q 0 0 0 rg BT 429.17 387.00 Td (The ) Tj ET Q q 0 0 0 rg BT 443.56 387.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 465.07 387.00 Td (of ) Tj ET Q q 0 0 0 rg BT 473.70 387.00 Td (management) Tj ET Q q 0 0 0 rg BT 516.79 387.00 Td (s ) Tj ET Q q 0 0 0 rg BT 521.87 387.00 Td (judgments ) Tj ET Q q 0 0 0 rg BT 557.16 387.00 Td (is ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 377.40 Td (highly ) Tj ET Q q 0 0 0 rg BT 71.12 377.40 Td (dependent ) Tj ET Q q 0 0 0 rg BT 105.16 377.40 Td (on ) Tj ET Q q 0 0 0 rg BT 114.34 377.40 Td (the ) Tj ET Q q 0 0 0 rg BT 125.28 377.40 Td (valuation ) Tj ET Q q 0 0 0 rg BT 156.22 377.40 Td (model ) Tj ET Q q 0 0 0 rg BT 177.39 377.40 Td (employed ) Tj ET Q q 0 0 0 rg BT 210.11 377.40 Td (and ) Tj ET Q q 0 0 0 rg BT 222.83 377.40 Td (the ) Tj ET Q q 0 0 0 rg BT 233.78 377.40 Td (observability ) Tj ET Q q 0 0 0 rg BT 276.72 377.40 Td (of ) Tj ET Q q 0 0 0 rg BT 284.55 377.40 Td (inputs ) Tj ET Q q 0 0 0 rg BT 305.29 377.40 Td (to ) Tj ET Q q 0 0 0 rg BT 312.68 377.40 Td (the ) Tj ET Q q 0 0 0 rg BT 323.63 377.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 335.90 377.40 Td (value ) Tj ET Q q 0 0 0 rg BT 354.39 377.40 Td (model. ) Tj ET Q q 0 0 0 rg BT 377.48 377.40 Td (The ) Tj ET Q q 0 0 0 rg BT 391.09 377.40 Td (level ) Tj ET Q q 0 0 0 rg BT 407.81 377.40 Td (of ) Tj ET Q q 0 0 0 rg BT 415.64 377.40 Td (management ) Tj ET Q q 0 0 0 rg BT 457.69 377.40 Td (judgment ) Tj ET Q q 0 0 0 rg BT 489.08 377.40 Td (required ) Tj ET Q q 0 0 0 rg BT 516.90 377.40 Td (in ) Tj ET Q q 0 0 0 rg BT 524.29 377.40 Td (establishing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 367.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 63.06 367.80 Td (value ) Tj ET Q q 0 0 0 rg BT 82.84 367.80 Td (of ) Tj ET Q q 0 0 0 rg BT 91.96 367.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 122.39 367.80 Td (instruments ) Tj ET Q q 0 0 0 rg BT 162.18 367.80 Td (is ) Tj ET Q q 0 0 0 rg BT 169.97 367.80 Td (more ) Tj ET Q q 0 0 0 rg BT 188.87 367.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 225.09 367.80 Td (where ) Tj ET Q q 0 0 0 rg BT 247.09 367.80 Td (there ) Tj ET Q q 0 0 0 rg BT 265.53 367.80 Td (is ) Tj ET Q q 0 0 0 rg BT 273.32 367.80 Td (no ) Tj ET Q q 0 0 0 rg BT 283.78 367.80 Td (active ) Tj ET Q q 0 0 0 rg BT 305.33 367.80 Td (market ) Tj ET Q q 0 0 0 rg BT 330.00 367.80 Td (in ) Tj ET Q q 0 0 0 rg BT 338.67 367.80 Td (which ) Tj ET Q q 0 0 0 rg BT 360.68 367.80 Td (the ) Tj ET Q q 0 0 0 rg BT 372.91 367.80 Td (instrument ) Tj ET Q q 0 0 0 rg BT 409.58 367.80 Td (is ) Tj ET Q q 0 0 0 rg BT 417.37 367.80 Td (traded. ) Tj ET Q q 0 0 0 rg BT 441.82 367.80 Td (For ) Tj ET Q q 0 0 0 rg BT 455.38 367.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 485.82 367.80 Td (instruments ) Tj ET Q q 0 0 0 rg BT 525.61 367.80 Td (that ) Tj ET Q q 0 0 0 rg BT 540.06 367.80 Td (are ) Tj ET Q q 0 0 0 rg BT 552.28 367.80 Td (not ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 358.20 Td (remeasured ) Tj ET Q q 0 0 0 rg BT 88.16 358.20 Td (through ) Tj ET Q q 0 0 0 rg BT 114.84 358.20 Td (net ) Tj ET Q q 0 0 0 rg BT 126.40 358.20 Td (income, ) Tj ET Q q 0 0 0 rg BT 153.74 358.20 Td (we ) Tj ET Q q 0 0 0 rg BT 164.86 358.20 Td (estimate ) Tj ET Q q 0 0 0 rg BT 193.30 358.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 206.20 358.20 Td (value ) Tj ET Q q 0 0 0 rg BT 225.31 358.20 Td (at ) Tj ET Q q 0 0 0 rg BT 232.88 358.20 Td (issuance ) Tj ET Q q 0 0 0 rg BT 261.77 358.20 Td (and ) Tj ET Q q 0 0 0 rg BT 275.11 358.20 Td (account ) Tj ET Q q 0 0 0 rg BT 301.78 358.20 Td (for ) Tj ET Q q 0 0 0 rg BT 312.90 358.20 Td (the ) Tj ET Q q 0 0 0 rg BT 324.46 358.20 Td (instrument ) Tj ET Q q 0 0 0 rg BT 360.47 358.20 Td (at ) Tj ET Q q 0 0 0 rg BT 368.04 358.20 Td (amortized ) Tj ET Q q 0 0 0 rg BT 401.81 358.20 Td (cost. ) Tj ET Q q 0 0 0 rg BT 418.49 358.20 Td (For ) Tj ET Q q 0 0 0 rg BT 431.39 358.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 461.17 358.20 Td (instruments ) Tj ET Q q 0 0 0 rg BT 500.29 358.20 Td (that ) Tj ET Q q 0 0 0 rg BT 514.08 358.20 Td (are ) Tj ET Q q 0 0 0 rg BT 525.63 358.20 Td (remeasured ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 348.60 Td (through ) Tj ET Q q 0 0 0 rg BT 76.27 348.60 Td (net ) Tj ET Q q 0 0 0 rg BT 87.92 348.60 Td (income, ) Tj ET Q q 0 0 0 rg BT 115.35 348.60 Td (we ) Tj ET Q q 0 0 0 rg BT 126.55 348.60 Td (assess ) Tj ET Q q 0 0 0 rg BT 147.99 348.60 Td (the ) Tj ET Q q 0 0 0 rg BT 159.64 348.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 172.62 348.60 Td (value ) Tj ET Q q 0 0 0 rg BT 191.83 348.60 Td (of ) Tj ET Q q 0 0 0 rg BT 200.37 348.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.03 348.60 Td (instrument ) Tj ET Q q 0 0 0 rg BT 248.12 348.60 Td (at ) Tj ET Q q 0 0 0 rg BT 255.78 348.60 Td (each ) Tj ET Q q 0 0 0 rg BT 272.31 348.60 Td (period ) Tj ET Q q 0 0 0 rg BT 294.63 348.60 Td (end ) Tj ET Q q 0 0 0 rg BT 308.06 348.60 Td (or ) Tj ET Q q 0 0 0 rg BT 316.60 348.60 Td (earlier ) Tj ET Q q 0 0 0 rg BT 338.91 348.60 Td (when ) Tj ET Q q 0 0 0 rg BT 358.12 348.60 Td (events ) Tj ET Q q 0 0 0 rg BT 380.43 348.60 Td (occur ) Tj ET Q q 0 0 0 rg BT 400.08 348.60 Td (or ) Tj ET Q q 0 0 0 rg BT 408.62 348.60 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 455.81 348.60 Td (change ) Tj ET Q q 0 0 0 rg BT 480.35 348.60 Td (that ) Tj ET Q q 0 0 0 rg BT 494.22 348.60 Td (would ) Tj ET Q q 0 0 0 rg BT 516.10 348.60 Td (so ) Tj ET Q q 0 0 0 rg BT 525.10 348.60 Td (require ) Tj ET Q q 0 0 0 rg BT 549.63 348.60 Td (\(see ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 339.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 67.05 339.00 Td (14, ) Tj ET Q q 0 0 0 rg BT 79.05 339.00 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 114.09 339.00 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 153.86 339.00 Td (and ) Tj ET Q q 0 0 0 rg BT 167.41 339.00 Td (Fair ) Tj ET Q q 0 0 0 rg BT 182.15 339.00 Td (V) Tj ET Q q 0 0 0 rg BT 187.04 339.00 Td (alue ) Tj ET Q q 0 0 0 rg BT 202.37 339.00 Td (Measurements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.29 339.00 Td (\).) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 320.40 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 85.26 320.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.70 320.40 Td (instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 304.80 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 304.80 Td (e ) Tj ET Q q 0 0 0 rg BT 62.56 304.80 Td (use ) Tj ET Q q 0 0 0 rg BT 75.82 304.80 Td (derivative ) Tj ET Q q 0 0 0 rg BT 110.41 304.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.99 304.80 Td (instruments ) Tj ET Q q 0 0 0 rg BT 180.92 304.80 Td (for ) Tj ET Q q 0 0 0 rg BT 192.85 304.80 Td (the ) Tj ET Q q 0 0 0 rg BT 205.22 304.80 Td (purpose ) Tj ET Q q 0 0 0 rg BT 233.15 304.80 Td (of ) Tj ET Q q 0 0 0 rg BT 242.42 304.80 Td (mitigating ) Tj ET Q q 0 0 0 rg BT 277.90 304.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 308.48 304.80 Td (and ) Tj ET Q q 0 0 0 rg BT 322.63 304.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 348.78 304.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 363.37 304.80 Td (risks, ) Tj ET Q q 0 0 0 rg BT 383.08 304.80 Td (which ) Tj ET Q q 0 0 0 rg BT 405.23 304.80 Td (exist ) Tj ET Q q 0 0 0 rg BT 422.94 304.80 Td (as ) Tj ET Q q 0 0 0 rg BT 432.20 304.80 Td (part ) Tj ET Q q 0 0 0 rg BT 447.24 304.80 Td (of ) Tj ET Q q 0 0 0 rg BT 456.50 304.80 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 485.33 304.80 Td (business ) Tj ET Q q 0 0 0 rg BT 515.04 304.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 550.96 304.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 295.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 81.96 295.20 Td (activities. ) Tj ET Q q 0 0 0 rg BT 114.59 295.20 Td (As ) Tj ET Q q 0 0 0 rg BT 125.73 295.20 Td (a ) Tj ET Q q 0 0 0 rg BT 131.53 295.20 Td (policy) Tj ET Q q 0 0 0 rg BT 151.00 295.20 Td (, ) Tj ET Q q 0 0 0 rg BT 155.25 295.20 Td (we ) Tj ET Q q 0 0 0 rg BT 166.83 295.20 Td (do ) Tj ET Q q 0 0 0 rg BT 177.08 295.20 Td (not ) Tj ET Q q 0 0 0 rg BT 189.55 295.20 Td (engage ) Tj ET Q q 0 0 0 rg BT 214.45 295.20 Td (in ) Tj ET Q q 0 0 0 rg BT 222.92 295.20 Td (speculative ) Tj ET Q q 0 0 0 rg BT 261.15 295.20 Td (or ) Tj ET Q q 0 0 0 rg BT 270.06 295.20 Td (leveraged ) Tj ET Q q 0 0 0 rg BT 303.40 295.20 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 345.86 295.20 Td (nor ) Tj ET Q q 0 0 0 rg BT 358.77 295.20 Td (do ) Tj ET Q q 0 0 0 rg BT 369.02 295.20 Td (we ) Tj ET Q q 0 0 0 rg BT 380.60 295.20 Td (hold ) Tj ET Q q 0 0 0 rg BT 397.07 295.20 Td (or ) Tj ET Q q 0 0 0 rg BT 405.98 295.20 Td (issue ) Tj ET Q q 0 0 0 rg BT 424.23 295.20 Td (derivative ) Tj ET Q q 0 0 0 rg BT 458.46 295.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 488.69 295.20 Td (instruments ) Tj ET Q q 0 0 0 rg BT 528.27 295.20 Td (for ) Tj ET Q q 0 0 0 rg BT 539.85 295.20 Td (trading ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 285.60 Td (purposes.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 270.00 Td (Forward ) Tj ET Q q 0 0 0 rg BT 78.42 270.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 110.44 270.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 141.14 270.00 Td (and ) Tj ET Q q 0 0 0 rg BT 154.50 270.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 184.30 270.00 Td (swaps ) Tj ET Q q 0 0 0 rg BT 205.67 270.00 Td (are ) Tj ET Q q 0 0 0 rg BT 217.26 270.00 Td (used ) Tj ET Q q 0 0 0 rg BT 233.74 270.00 Td (to ) Tj ET Q q 0 0 0 rg BT 241.78 270.00 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 269.81 270.00 Td (exposures ) Tj ET Q q 0 0 0 rg BT 303.62 270.00 Td (to ) Tj ET Q q 0 0 0 rg BT 311.66 270.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 341.46 270.00 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 381.04 270.00 Td (on ) Tj ET Q q 0 0 0 rg BT 390.86 270.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 414.44 270.00 Td (short-term ) Tj ET Q q 0 0 0 rg BT 449.58 270.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 489.61 270.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 521.19 270.00 Td (denominated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 260.40 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 260.40 Td (currencies ) Tj ET Q q 0 0 0 rg BT 92.58 260.40 Td (other ) Tj ET Q q 0 0 0 rg BT 111.02 260.40 Td (than ) Tj ET Q q 0 0 0 rg BT 126.79 260.40 Td (our ) Tj ET Q q 0 0 0 rg BT 139.45 260.40 Td (functional ) Tj ET Q q 0 0 0 rg BT 173.88 260.40 Td (currency) Tj ET Q q 0 0 0 rg BT 201.34 260.40 Td (. ) Tj ET Q q 0 0 0 rg BT 205.19 260.40 Td (These ) Tj ET Q q 0 0 0 rg BT 226.29 260.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 257.16 260.40 Td (are ) Tj ET Q q 0 0 0 rg BT 268.92 260.40 Td (marked ) Tj ET Q q 0 0 0 rg BT 294.90 260.40 Td (to ) Tj ET Q q 0 0 0 rg BT 303.12 260.40 Td (market ) Tj ET Q q 0 0 0 rg BT 327.33 260.40 Td (at ) Tj ET Q q 0 0 0 rg BT 335.10 260.40 Td (the ) Tj ET Q q 0 0 0 rg BT 346.87 260.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 373.29 260.40 Td (sheet ) Tj ET Q q 0 0 0 rg BT 391.72 260.40 Td (date, ) Tj ET Q q 0 0 0 rg BT 409.04 260.40 Td (and ) Tj ET Q q 0 0 0 rg BT 422.59 260.40 Td (the ) Tj ET Q q 0 0 0 rg BT 434.36 260.40 Td (resultant ) Tj ET Q q 0 0 0 rg BT 463.90 260.40 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 499.21 260.40 Td (gains ) Tj ET Q q 0 0 0 rg BT 518.09 260.40 Td (and ) Tj ET Q q 0 0 0 rg BT 531.64 260.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 552.75 260.40 Td (are ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 250.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 80.01 250.80 Td (in ) Tj ET Q q 0 0 0 rg BT 88.76 250.80 Td (the ) Tj ET Q q 0 0 0 rg BT 101.06 250.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 144.02 250.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 180.32 250.80 Td (of ) Tj ET Q q 0 0 0 rg BT 189.51 250.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 225.36 250.80 Td (and ) Tj ET Q q 0 0 0 rg BT 239.44 250.80 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 290.39 250.80 Td (income ) Tj ET Q q 0 0 0 rg BT 316.46 250.80 Td (/ ) Tj ET Q q 0 0 0 rg BT 321.21 250.80 Td (loss, ) Tj ET Q q 0 0 0 rg BT 338.19 250.80 Td (together ) Tj ET Q q 0 0 0 rg BT 366.93 250.80 Td (with ) Tj ET Q q 0 0 0 rg BT 383.68 250.80 Td (realized ) Tj ET Q q 0 0 0 rg BT 411.52 250.80 Td (gains ) Tj ET Q q 0 0 0 rg BT 430.93 250.80 Td (and ) Tj ET Q q 0 0 0 rg BT 445.01 250.80 Td (losses ) Tj ET Q q 0 0 0 rg BT 466.65 250.80 Td (arising ) Tj ET Q q 0 0 0 rg BT 490.95 250.80 Td (on ) Tj ET Q q 0 0 0 rg BT 501.48 250.80 Td (settlement ) Tj ET Q q 0 0 0 rg BT 536.89 250.80 Td (of ) Tj ET Q q 0 0 0 rg BT 546.08 250.80 Td (these ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 241.20 Td (contracts.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 225.60 Td (Interest ) Tj ET Q q 0 0 0 rg BT 75.26 225.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 89.02 225.60 Td (swaps ) Tj ET Q q 0 0 0 rg BT 110.34 225.60 Td (and ) Tj ET Q q 0 0 0 rg BT 123.66 225.60 Td (other ) Tj ET Q q 0 0 0 rg BT 141.87 225.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 180.97 225.60 Td (may ) Tj ET Q q 0 0 0 rg BT 196.52 225.60 Td (be ) Tj ET Q q 0 0 0 rg BT 205.84 225.60 Td (used ) Tj ET Q q 0 0 0 rg BT 222.27 225.60 Td (to ) Tj ET Q q 0 0 0 rg BT 230.27 225.60 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 258.25 225.60 Td (exposures ) Tj ET Q q 0 0 0 rg BT 292.02 225.60 Td (to ) Tj ET Q q 0 0 0 rg BT 300.01 225.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 325.33 225.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 339.08 225.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 378.63 225.60 Td (on ) Tj ET Q q 0 0 0 rg BT 388.40 225.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 411.93 225.60 Td (of ) Tj ET Q q 0 0 0 rg BT 420.36 225.60 Td (our ) Tj ET Q q 0 0 0 rg BT 432.80 225.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 466.11 225.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 481.66 225.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 520.76 225.60 Td (with ) Tj ET Q q 0 0 0 rg BT 536.75 225.60 Td (variable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 216.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 74.36 216.00 Td (rates. ) Tj ET Q q 0 0 0 rg BT 92.68 216.00 Td (These ) Tj ET Q q 0 0 0 rg BT 113.10 216.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 143.29 216.00 Td (are ) Tj ET Q q 0 0 0 rg BT 154.37 216.00 Td (marked ) Tj ET Q q 0 0 0 rg BT 179.68 216.00 Td (to ) Tj ET Q q 0 0 0 rg BT 187.21 216.00 Td (market ) Tj ET Q q 0 0 0 rg BT 210.74 216.00 Td (at ) Tj ET Q q 0 0 0 rg BT 217.83 216.00 Td (the ) Tj ET Q q 0 0 0 rg BT 228.92 216.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 254.66 216.00 Td (sheet ) Tj ET Q q 0 0 0 rg BT 272.41 216.00 Td (date, ) Tj ET Q q 0 0 0 rg BT 289.05 216.00 Td (and ) Tj ET Q q 0 0 0 rg BT 301.92 216.00 Td (the ) Tj ET Q q 0 0 0 rg BT 313.01 216.00 Td (resultant ) Tj ET Q q 0 0 0 rg BT 341.87 216.00 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 376.50 216.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 394.70 216.00 Td (and ) Tj ET Q q 0 0 0 rg BT 407.57 216.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 427.99 216.00 Td (are ) Tj ET Q q 0 0 0 rg BT 439.08 216.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 468.37 216.00 Td (in ) Tj ET Q q 0 0 0 rg BT 475.91 216.00 Td (the ) Tj ET Q q 0 0 0 rg BT 487.00 216.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 528.75 216.00 Td (statements ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 206.40 Td (of ) Tj ET Q q 0 0 0 rg BT 57.59 206.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 92.34 206.40 Td (and ) Tj ET Q q 0 0 0 rg BT 105.31 206.40 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 155.16 206.40 Td (income ) Tj ET Q q 0 0 0 rg BT 180.13 206.40 Td (/ ) Tj ET Q q 0 0 0 rg BT 183.78 206.40 Td (loss, ) Tj ET Q q 0 0 0 rg BT 199.65 206.40 Td (together ) Tj ET Q q 0 0 0 rg BT 227.29 206.40 Td (with ) Tj ET Q q 0 0 0 rg BT 242.93 206.40 Td (realized ) Tj ET Q q 0 0 0 rg BT 269.67 206.40 Td (gains ) Tj ET Q q 0 0 0 rg BT 287.98 206.40 Td (and ) Tj ET Q q 0 0 0 rg BT 300.95 206.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 321.49 206.40 Td (arising ) Tj ET Q q 0 0 0 rg BT 344.69 206.40 Td (on ) Tj ET Q q 0 0 0 rg BT 354.11 206.40 Td (settlement ) Tj ET Q q 0 0 0 rg BT 388.41 206.40 Td (of ) Tj ET Q q 0 0 0 rg BT 396.50 206.40 Td (these ) Tj ET Q q 0 0 0 rg BT 414.36 206.40 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 446.66 206.40 Td (From ) Tj ET Q q 0 0 0 rg BT 465.42 206.40 Td (time ) Tj ET Q q 0 0 0 rg BT 481.06 206.40 Td (to ) Tj ET Q q 0 0 0 rg BT 488.71 206.40 Td (time, ) Tj ET Q q 0 0 0 rg BT 506.35 206.40 Td (we ) Tj ET Q q 0 0 0 rg BT 517.11 206.40 Td (may ) Tj ET Q q 0 0 0 rg BT 532.30 206.40 Td (designate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 196.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 73.26 196.80 Td (of ) Tj ET Q q 0 0 0 rg BT 81.93 196.80 Td (these ) Tj ET Q q 0 0 0 rg BT 100.36 196.80 Td (instruments ) Tj ET Q q 0 0 0 rg BT 139.70 196.80 Td (as ) Tj ET Q q 0 0 0 rg BT 148.36 196.80 Td (hedges ) Tj ET Q q 0 0 0 rg BT 172.57 196.80 Td (and ) Tj ET Q q 0 0 0 rg BT 186.13 196.80 Td (apply ) Tj ET Q q 0 0 0 rg BT 205.90 196.80 Td (hedge ) Tj ET Q q 0 0 0 rg BT 227.00 196.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 264.10 196.80 Td (as ) Tj ET Q q 0 0 0 rg BT 272.76 196.80 Td (discussed ) Tj ET Q q 0 0 0 rg BT 305.43 196.80 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.65 196.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 331.20 196.80 Td (14, ) Tj ET Q q 0 0 0 rg BT 343.20 196.80 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 378.23 196.80 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 418.01 196.80 Td (and ) Tj ET Q q 0 0 0 rg BT 431.56 196.80 Td (Fair ) Tj ET Q q 0 0 0 rg BT 446.30 196.80 Td (V) Tj ET Q q 0 0 0 rg BT 451.19 196.80 Td (alue ) Tj ET Q q 0 0 0 rg BT 466.52 196.80 Td (Measurements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.43 196.80 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 178.20 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 93.73 178.20 Td (Compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 90.60 162.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 137.04 162.60 Td (is ) Tj ET Q q 0 0 0 rg BT 144.37 162.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 181.46 162.60 Td (at ) Tj ET Q q 0 0 0 rg BT 189.24 162.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 202.34 162.60 Td (value ) Tj ET Q q 0 0 0 rg BT 221.67 162.60 Td (using ) Tj ET Q q 0 0 0 rg BT 241.00 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 252.78 162.60 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 300.99 162.60 Td (option ) Tj ET Q q 0 0 0 rg BT 323.44 162.60 Td (pricing ) Tj ET Q q 0 0 0 rg BT 348.10 162.60 Td (model ) Tj ET Q q 0 0 0 rg BT 370.09 162.60 Td (calculated ) Tj ET Q q 0 0 0 rg BT 404.52 162.60 Td (as ) Tj ET Q q 0 0 0 rg BT 413.18 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.96 162.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 450.07 162.60 Td (price ) Tj ET Q q 0 0 0 rg BT 468.06 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 476.72 162.60 Td (our ) Tj ET Q q 0 0 0 rg BT 489.39 162.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 508.28 162.60 Td (A) Tj ET Q q 0 0 0 rg BT 513.62 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 515.62 162.60 Td (common ) Tj ET Q q 0 0 0 rg BT 545.62 162.60 Td (stock ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 153.00 Td (on ) Tj ET Q q 0 0 0 rg BT 59.69 153.00 Td (the ) Tj ET Q q 0 0 0 rg BT 71.66 153.00 Td (date ) Tj ET Q q 0 0 0 rg BT 87.17 153.00 Td (of ) Tj ET Q q 0 0 0 rg BT 96.03 153.00 Td (grant. ) Tj ET Q q 0 0 0 rg BT 116.50 153.00 Td (The ) Tj ET Q q 0 0 0 rg BT 131.13 153.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 144.42 153.00 Td (value ) Tj ET Q q 0 0 0 rg BT 163.94 153.00 Td (of ) Tj ET Q q 0 0 0 rg BT 172.79 153.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 191.87 153.00 Td (option ) Tj ET Q q 0 0 0 rg BT 214.51 153.00 Td (awards ) Tj ET Q q 0 0 0 rg BT 239.35 153.00 Td (is ) Tj ET Q q 0 0 0 rg BT 246.88 153.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 284.16 153.00 Td (on ) Tj ET Q q 0 0 0 rg BT 294.35 153.00 Td (a ) Tj ET Q q 0 0 0 rg BT 300.10 153.00 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 340.94 153.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 359.13 153.00 Td (over ) Tj ET Q q 0 0 0 rg BT 375.54 153.00 Td (the ) Tj ET Q q 0 0 0 rg BT 387.51 153.00 Td (vesting ) Tj ET Q q 0 0 0 rg BT 412.81 153.00 Td (period ) Tj ET Q q 0 0 0 rg BT 435.44 153.00 Td (of ) Tj ET Q q 0 0 0 rg BT 444.29 153.00 Td (the ) Tj ET Q q 0 0 0 rg BT 456.26 153.00 Td (award ) Tj ET Q q 0 0 0 rg BT 477.99 153.00 Td (as ) Tj ET Q q 0 0 0 rg BT 486.85 153.00 Td (a ) Tj ET Q q 0 0 0 rg BT 492.59 153.00 Td (component ) Tj ET Q q 0 0 0 rg BT 530.33 153.00 Td (of ) Tj ET Q q 0 0 0 rg BT 539.18 153.00 Td (selling, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 143.40 Td (general ) Tj ET Q q 0 0 0 rg BT 75.04 143.40 Td (and ) Tj ET Q q 0 0 0 rg BT 88.59 143.40 Td (administrative ) Tj ET Q q 0 0 0 rg BT 136.36 143.40 Td (expenses.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 127.80 Td (For ) Tj ET Q q 0 0 0 rg BT 63.22 127.80 Td (awards ) Tj ET Q q 0 0 0 rg BT 88.48 127.80 Td (with ) Tj ET Q q 0 0 0 rg BT 105.31 127.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 148.33 127.80 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 186.26 127.80 Td (recognition ) Tj ET Q q 0 0 0 rg BT 225.30 127.80 Td (of ) Tj ET Q q 0 0 0 rg BT 234.57 127.80 Td (compensation ) Tj ET Q q 0 0 0 rg BT 281.61 127.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 309.98 127.80 Td (over ) Tj ET Q q 0 0 0 rg BT 326.80 127.80 Td (the ) Tj ET Q q 0 0 0 rg BT 339.18 127.80 Td (vesting ) Tj ET Q q 0 0 0 rg BT 364.89 127.80 Td (period ) Tj ET Q q 0 0 0 rg BT 387.93 127.80 Td (depends ) Tj ET Q q 0 0 0 rg BT 416.75 127.80 Td (on ) Tj ET Q q 0 0 0 rg BT 427.36 127.80 Td (our ) Tj ET Q q 0 0 0 rg BT 440.63 127.80 Td (assessment ) Tj ET Q q 0 0 0 rg BT 478.78 127.80 Td (of ) Tj ET Q q 0 0 0 rg BT 488.05 127.80 Td (the ) Tj ET Q q 0 0 0 rg BT 500.43 127.80 Td (probability ) Tj ET Q q 0 0 0 rg BT 538.14 127.80 Td (that ) Tj ET Q q 0 0 0 rg BT 552.74 127.80 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 118.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 91.23 118.20 Td (tar) Tj ET Q q 0 0 0 rg BT 99.52 118.20 Td (gets ) Tj ET Q q 0 0 0 rg BT 113.72 118.20 Td (will ) Tj ET Q q 0 0 0 rg BT 127.48 118.20 Td (be ) Tj ET Q q 0 0 0 rg BT 136.35 118.20 Td (met. ) Tj ET Q q 0 0 0 rg BT 151.56 118.20 Td (W) Tj ET Q q 0 0 0 rg BT 158.47 118.20 Td (e ) Tj ET Q q 0 0 0 rg BT 163.34 118.20 Td (update ) Tj ET Q q 0 0 0 rg BT 185.97 118.20 Td (our ) Tj ET Q q 0 0 0 rg BT 197.95 118.20 Td (assessments ) Tj ET Q q 0 0 0 rg BT 237.93 118.20 Td (of ) Tj ET Q q 0 0 0 rg BT 245.91 118.20 Td (the ) Tj ET Q q 0 0 0 rg BT 256.99 118.20 Td (probability ) Tj ET Q q 0 0 0 rg BT 293.41 118.20 Td (of ) Tj ET Q q 0 0 0 rg BT 301.39 118.20 Td (achieving ) Tj ET Q q 0 0 0 rg BT 333.80 118.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 375.53 118.20 Td (tar) Tj ET Q q 0 0 0 rg BT 383.83 118.20 Td (gets ) Tj ET Q q 0 0 0 rg BT 398.03 118.20 Td (at ) Tj ET Q q 0 0 0 rg BT 405.11 118.20 Td (each ) Tj ET Q q 0 0 0 rg BT 421.08 118.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 451.72 118.20 Td (period. ) Tj ET Q q 0 0 0 rg BT 475.47 118.20 Td (Changes ) Tj ET Q q 0 0 0 rg BT 504.33 118.20 Td (in ) Tj ET Q q 0 0 0 rg BT 511.87 118.20 Td (our ) Tj ET Q q 0 0 0 rg BT 523.85 118.20 Td (assessments ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 108.60 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 108.60 Td (such ) Tj ET Q q 0 0 0 rg BT 74.83 108.60 Td (probability ) Tj ET Q q 0 0 0 rg BT 111.93 108.60 Td (may ) Tj ET Q q 0 0 0 rg BT 127.71 108.60 Td (result ) Tj ET Q q 0 0 0 rg BT 147.48 108.60 Td (in ) Tj ET Q q 0 0 0 rg BT 155.70 108.60 Td (recording ) Tj ET Q q 0 0 0 rg BT 188.36 108.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 222.35 108.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 250.11 108.60 Td (or ) Tj ET Q q 0 0 0 rg BT 258.78 108.60 Td (reversing ) Tj ET Q q 0 0 0 rg BT 290.54 108.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 326.32 108.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 356.30 108.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 384.06 108.60 Td (in ) Tj ET Q q 0 0 0 rg BT 392.29 108.60 Td (the ) Tj ET Q q 0 0 0 rg BT 404.06 108.60 Td (current ) Tj ET Q q 0 0 0 rg BT 428.71 108.60 Td (period ) Tj ET Q q 0 0 0 rg BT 451.15 108.60 Td (reported.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 93.00 Td (Upon ) Tj ET Q q 0 0 0 rg BT 69.06 93.00 Td (vesting ) Tj ET Q q 0 0 0 rg BT 93.96 93.00 Td (of ) Tj ET Q q 0 0 0 rg BT 102.41 93.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 124.19 93.00 Td (or ) Tj ET Q q 0 0 0 rg BT 132.64 93.00 Td (exercise ) Tj ET Q q 0 0 0 rg BT 160.63 93.00 Td (of ) Tj ET Q q 0 0 0 rg BT 169.08 93.00 Td (options, ) Tj ET Q q 0 0 0 rg BT 196.42 93.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 218.20 93.00 Td (of ) Tj ET Q q 0 0 0 rg BT 226.65 93.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 245.38 93.00 Td (A) Tj ET Q q 0 0 0 rg BT 250.71 93.00 Td ( ) Tj ET Q q 0 0 0 rg BT 252.50 93.00 Td (common ) Tj ET Q q 0 0 0 rg BT 282.28 93.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 300.96 93.00 Td (are ) Tj ET Q q 0 0 0 rg BT 312.51 93.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 334.29 93.00 Td (from ) Tj ET Q q 0 0 0 rg BT 351.63 93.00 Td (authorized ) Tj ET Q q 0 0 0 rg BT 387.18 93.00 Td (but ) Tj ET Q q 0 0 0 rg BT 399.19 93.00 Td (unissued ) Tj ET Q q 0 0 0 rg BT 428.97 93.00 Td (shares. ) Tj ET Q q 0 0 0 rg BT 452.75 93.00 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 493.64 93.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 539.86 93.00 Td (awards ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 83.40 Td (are ) Tj ET Q q 0 0 0 rg BT 61.27 83.40 Td (accounted ) Tj ET Q q 0 0 0 rg BT 95.69 83.40 Td (for ) Tj ET Q q 0 0 0 rg BT 107.02 83.40 Td (as ) Tj ET Q q 0 0 0 rg BT 115.68 83.40 Td (equity-settled ) Tj ET Q q 0 0 0 rg BT 161.23 83.40 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 203.44 83.40 Td (Forfeitures ) Tj ET Q q 0 0 0 rg BT 240.54 83.40 Td (of ) Tj ET Q q 0 0 0 rg BT 249.20 83.40 Td (awards ) Tj ET Q q 0 0 0 rg BT 273.86 83.40 Td (are ) Tj ET Q q 0 0 0 rg BT 285.63 83.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 322.71 83.40 Td (as ) Tj ET Q q 0 0 0 rg BT 331.38 83.40 Td (they ) Tj ET Q q 0 0 0 rg BT 347.15 83.40 Td (occur) Tj ET Q q 0 0 0 rg BT 364.48 83.40 Td (.) Tj ET Q endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (49) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (Contingencies) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (The ) Tj ET Q q 0 0 0 rg BT 63.88 708.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 96.47 708.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 110.86 708.00 Td (from ) Tj ET Q q 0 0 0 rg BT 128.34 708.00 Td (a ) Tj ET Q q 0 0 0 rg BT 133.83 708.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 148.22 708.00 Td (contingency ) Tj ET Q q 0 0 0 rg BT 189.25 708.00 Td (such ) Tj ET Q q 0 0 0 rg BT 205.86 708.00 Td (as ) Tj ET Q q 0 0 0 rg BT 214.46 708.00 Td (a ) Tj ET Q q 0 0 0 rg BT 219.95 708.00 Td (legal ) Tj ET Q q 0 0 0 rg BT 237.43 708.00 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 274.91 708.00 Td (or ) Tj ET Q q 0 0 0 rg BT 283.51 708.00 Td (other ) Tj ET Q q 0 0 0 rg BT 301.88 708.00 Td (claim ) Tj ET Q q 0 0 0 rg BT 321.59 708.00 Td (is ) Tj ET Q q 0 0 0 rg BT 328.86 708.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 358.78 708.00 Td (in ) Tj ET Q q 0 0 0 rg BT 366.94 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 378.65 708.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 421.02 708.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 456.73 708.00 Td (of ) Tj ET Q q 0 0 0 rg BT 465.33 708.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 500.59 708.00 Td (and ) Tj ET Q q 0 0 0 rg BT 514.08 708.00 Td (comprehensive ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.40 Td (income ) Tj ET Q q 0 0 0 rg BT 75.15 698.40 Td (/ ) Tj ET Q q 0 0 0 rg BT 79.47 698.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 94.02 698.40 Td (if ) Tj ET Q q 0 0 0 rg BT 101.01 698.40 Td (it ) Tj ET Q q 0 0 0 rg BT 107.56 698.40 Td (is ) Tj ET Q q 0 0 0 rg BT 115.00 698.40 Td (probable ) Tj ET Q q 0 0 0 rg BT 145.09 698.40 Td (that ) Tj ET Q q 0 0 0 rg BT 159.18 698.40 Td (an ) Tj ET Q q 0 0 0 rg BT 168.84 698.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 186.49 698.40 Td (has ) Tj ET Q q 0 0 0 rg BT 199.25 698.40 Td (been ) Tj ET Q q 0 0 0 rg BT 216.46 698.40 Td (impaired ) Tj ET Q q 0 0 0 rg BT 246.99 698.40 Td (or ) Tj ET Q q 0 0 0 rg BT 255.76 698.40 Td (a ) Tj ET Q q 0 0 0 rg BT 261.41 698.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 288.40 698.40 Td (has ) Tj ET Q q 0 0 0 rg BT 301.16 698.40 Td (been ) Tj ET Q q 0 0 0 rg BT 318.37 698.40 Td (incurred ) Tj ET Q q 0 0 0 rg BT 347.12 698.40 Td (and ) Tj ET Q q 0 0 0 rg BT 360.77 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 372.65 698.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 398.75 698.40 Td (of ) Tj ET Q q 0 0 0 rg BT 407.51 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 419.39 698.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 433.94 698.40 Td (can ) Tj ET Q q 0 0 0 rg BT 447.14 698.40 Td (be ) Tj ET Q q 0 0 0 rg BT 456.79 698.40 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 493.55 698.40 Td (estimated. ) Tj ET Q q 0 0 0 rg BT 528.30 698.40 Td (Disclosure ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 688.80 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 688.80 Td (a ) Tj ET Q q 0 0 0 rg BT 63.71 688.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 78.16 688.80 Td (contingency ) Tj ET Q q 0 0 0 rg BT 119.26 688.80 Td (is ) Tj ET Q q 0 0 0 rg BT 126.60 688.80 Td (made ) Tj ET Q q 0 0 0 rg BT 145.92 688.80 Td (if ) Tj ET Q q 0 0 0 rg BT 152.81 688.80 Td (there ) Tj ET Q q 0 0 0 rg BT 170.80 688.80 Td (is ) Tj ET Q q 0 0 0 rg BT 178.13 688.80 Td (at ) Tj ET Q q 0 0 0 rg BT 185.91 688.80 Td (least ) Tj ET Q q 0 0 0 rg BT 202.57 688.80 Td (a ) Tj ET Q q 0 0 0 rg BT 208.12 688.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 244.32 688.80 Td (possibility ) Tj ET Q q 0 0 0 rg BT 279.66 688.80 Td (that ) Tj ET Q q 0 0 0 rg BT 293.66 688.80 Td (a ) Tj ET Q q 0 0 0 rg BT 299.21 688.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 313.66 688.80 Td (has ) Tj ET Q q 0 0 0 rg BT 326.32 688.80 Td (been ) Tj ET Q q 0 0 0 rg BT 343.42 688.80 Td (incurred.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 670.20 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 91.50 670.20 Td (Costs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 89.45 654.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 107.62 654.60 Td (are ) Tj ET Q q 0 0 0 rg BT 119.56 654.60 Td (expensed ) Tj ET Q q 0 0 0 rg BT 151.50 654.60 Td (as ) Tj ET Q q 0 0 0 rg BT 160.34 654.60 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 190.69 654.60 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 230.64 654.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 258.58 654.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 287.41 654.60 Td (for ) Tj ET Q q 0 0 0 rg BT 298.91 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 310.86 654.60 Td (years ) Tj ET Q q 0 0 0 rg BT 329.91 654.60 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.19 654.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 398.23 654.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.23 654.60 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.40 654.60 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.40 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 436.58 654.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 654.60 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 468.48 654.60 Td (totaled ) Tj ET Q q 0 0 0 rg BT 492.42 654.60 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.82 654.60 Td (6.2 ) Tj ET Q q 0 0 0 rg BT 521.00 654.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.11 654.60 Td (, ) Tj ET Q q 0 0 0 rg BT 548.29 654.60 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 645.00 Td (5.4 ) Tj ET Q q 0 0 0 rg BT 61.50 645.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.61 645.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.61 645.00 Td (and ) Tj ET Q q 0 0 0 rg BT 100.16 645.00 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 116.39 645.00 Td (4.8 ) Tj ET Q q 0 0 0 rg BT 128.39 645.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.50 645.00 Td (, ) Tj ET Q q 0 0 0 rg BT 155.50 645.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 193.63 645.00 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 626.40 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 82.62 626.40 Td (Per) Tj ET Q q 0 0 0 rg BT 94.46 626.40 Td ( ) Tj ET Q q 0 0 0 rg BT 96.46 626.40 Td (Shar) Tj ET Q q 0 0 0 rg BT 112.77 626.40 Td (e) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 610.80 Td (Basic ) Tj ET Q q 0 0 0 rg BT 69.29 610.80 Td (and ) Tj ET Q q 0 0 0 rg BT 82.86 610.80 Td (diluted ) Tj ET Q q 0 0 0 rg BT 107.10 610.80 Td (net ) Tj ET Q q 0 0 0 rg BT 118.89 610.80 Td (income ) Tj ET Q q 0 0 0 rg BT 144.45 610.80 Td (/ ) Tj ET Q q 0 0 0 rg BT 148.69 610.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 163.16 610.80 Td (per ) Tj ET Q q 0 0 0 rg BT 175.39 610.80 Td (share ) Tj ET Q q 0 0 0 rg BT 194.29 610.80 Td (is ) Tj ET Q q 0 0 0 rg BT 201.64 610.80 Td (calculated ) Tj ET Q q 0 0 0 rg BT 236.08 610.80 Td (using ) Tj ET Q q 0 0 0 rg BT 255.43 610.80 Td (the ) Tj ET Q q 0 0 0 rg BT 267.22 610.80 Td (two-class ) Tj ET Q q 0 0 0 rg BT 299.46 610.80 Td (method. ) Tj ET Q q 0 0 0 rg BT 327.47 610.80 Td (Under ) Tj ET Q q 0 0 0 rg BT 349.48 610.80 Td (the ) Tj ET Q q 0 0 0 rg BT 361.27 610.80 Td (two-class ) Tj ET Q q 0 0 0 rg BT 393.50 610.80 Td (method, ) Tj ET Q q 0 0 0 rg BT 421.52 610.80 Td (basic ) Tj ET Q q 0 0 0 rg BT 439.97 610.80 Td (net ) Tj ET Q q 0 0 0 rg BT 451.76 610.80 Td (income ) Tj ET Q q 0 0 0 rg BT 477.33 610.80 Td (/ ) Tj ET Q q 0 0 0 rg BT 481.57 610.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 496.04 610.80 Td (per ) Tj ET Q q 0 0 0 rg BT 508.27 610.80 Td (common ) Tj ET Q q 0 0 0 rg BT 538.28 610.80 Td (share ) Tj ET Q q 0 0 0 rg BT 557.18 610.80 Td (is ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 601.20 Td (computed ) Tj ET Q q 0 0 0 rg BT 82.71 601.20 Td (by ) Tj ET Q q 0 0 0 rg BT 92.38 601.20 Td (dividing ) Tj ET Q q 0 0 0 rg BT 120.71 601.20 Td (the ) Tj ET Q q 0 0 0 rg BT 132.14 601.20 Td (net ) Tj ET Q q 0 0 0 rg BT 143.58 601.20 Td (income ) Tj ET Q q 0 0 0 rg BT 168.79 601.20 Td (available ) Tj ET Q q 0 0 0 rg BT 199.33 601.20 Td (to ) Tj ET Q q 0 0 0 rg BT 207.21 601.20 Td (common ) Tj ET Q q 0 0 0 rg BT 236.88 601.20 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 278.97 601.20 Td (after ) Tj ET Q q 0 0 0 rg BT 295.29 601.20 Td (deducting ) Tj ET Q q 0 0 0 rg BT 328.50 601.20 Td (contractual ) Tj ET Q q 0 0 0 rg BT 365.70 601.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 394.47 601.20 Td (of ) Tj ET Q q 0 0 0 rg BT 402.80 601.20 Td (accretion ) Tj ET Q q 0 0 0 rg BT 433.77 601.20 Td (on ) Tj ET Q q 0 0 0 rg BT 443.44 601.20 Td (our ) Tj ET Q q 0 0 0 rg BT 455.77 601.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 476.98 601.20 Td (B ) Tj ET Q q 0 0 0 rg BT 483.98 601.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 515.40 601.20 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 540.39 601.20 Td (as ) Tj ET Q q 0 0 0 rg BT 548.72 601.20 Td (well ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 591.60 Td (as ) Tj ET Q q 0 0 0 rg BT 58.43 591.60 Td (income ) Tj ET Q q 0 0 0 rg BT 84.24 591.60 Td (allocated ) Tj ET Q q 0 0 0 rg BT 115.38 591.60 Td (to ) Tj ET Q q 0 0 0 rg BT 123.87 591.60 Td (these ) Tj ET Q q 0 0 0 rg BT 142.57 591.60 Td (shares, ) Tj ET Q q 0 0 0 rg BT 166.83 591.60 Td (by ) Tj ET Q q 0 0 0 rg BT 177.09 591.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.13 591.60 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 248.25 591.60 Td (number ) Tj ET Q q 0 0 0 rg BT 274.96 591.60 Td (of ) Tj ET Q q 0 0 0 rg BT 283.89 591.60 Td (common ) Tj ET Q q 0 0 0 rg BT 314.15 591.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 336.41 591.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 376.00 591.60 Td (during ) Tj ET Q q 0 0 0 rg BT 399.16 591.60 Td (the ) Tj ET Q q 0 0 0 rg BT 411.20 591.60 Td (period ) Tj ET Q q 0 0 0 rg BT 433.90 591.60 Td (including ) Tj ET Q q 0 0 0 rg BT 466.38 591.60 Td (the ) Tj ET Q q 0 0 0 rg BT 478.42 591.60 Td (common ) Tj ET Q q 0 0 0 rg BT 508.68 591.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 527.84 591.60 Td (underlying ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 582.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.48 582.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 82.75 582.00 Td (A) Tj ET Q q 0 0 0 rg BT 88.09 582.00 Td ( ) Tj ET Q q 0 0 0 rg BT 90.30 582.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 122.26 582.00 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 147.80 582.00 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 174.00 582.00 Td (net ) Tj ET Q q 0 0 0 rg BT 185.98 582.00 Td (income ) Tj ET Q q 0 0 0 rg BT 211.74 582.00 Td (/ ) Tj ET Q q 0 0 0 rg BT 216.17 582.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 230.83 582.00 Td (per ) Tj ET Q q 0 0 0 rg BT 243.25 582.00 Td (share ) Tj ET Q q 0 0 0 rg BT 262.34 582.00 Td (is ) Tj ET Q q 0 0 0 rg BT 269.88 582.00 Td (computed ) Tj ET Q q 0 0 0 rg BT 303.64 582.00 Td (by ) Tj ET Q q 0 0 0 rg BT 313.84 582.00 Td (dividing ) Tj ET Q q 0 0 0 rg BT 342.72 582.00 Td (the ) Tj ET Q q 0 0 0 rg BT 354.70 582.00 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 383.57 582.00 Td (net ) Tj ET Q q 0 0 0 rg BT 395.55 582.00 Td (income ) Tj ET Q q 0 0 0 rg BT 421.31 582.00 Td (by ) Tj ET Q q 0 0 0 rg BT 431.51 582.00 Td (the ) Tj ET Q q 0 0 0 rg BT 443.50 582.00 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 502.56 582.00 Td (number ) Tj ET Q q 0 0 0 rg BT 529.20 582.00 Td (of ) Tj ET Q q 0 0 0 rg BT 538.08 582.00 Td (dilutive ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 572.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 71.24 572.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 110.31 572.40 Td (during ) Tj ET Q q 0 0 0 rg BT 132.95 572.40 Td (the ) Tj ET Q q 0 0 0 rg BT 144.46 572.40 Td (period ) Tj ET Q q 0 0 0 rg BT 166.65 572.40 Td (after ) Tj ET Q q 0 0 0 rg BT 183.04 572.40 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 214.12 572.40 Td (for ) Tj ET Q q 0 0 0 rg BT 225.20 572.40 Td (the ) Tj ET Q q 0 0 0 rg BT 236.71 572.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 260.23 572.40 Td (of ) Tj ET Q q 0 0 0 rg BT 268.64 572.40 Td (those ) Tj ET Q q 0 0 0 rg BT 287.27 572.40 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 313.46 572.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 335.19 572.40 Td (on ) Tj ET Q q 0 0 0 rg BT 344.94 572.40 Td (the ) Tj ET Q q 0 0 0 rg BT 356.46 572.40 Td (allocation ) Tj ET Q q 0 0 0 rg BT 389.75 572.40 Td (of ) Tj ET Q q 0 0 0 rg BT 398.15 572.40 Td (income ) Tj ET Q q 0 0 0 rg BT 423.45 572.40 Td (to ) Tj ET Q q 0 0 0 rg BT 431.41 572.40 Td (the ) Tj ET Q q 0 0 0 rg BT 442.93 572.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 464.23 572.40 Td (B ) Tj ET Q q 0 0 0 rg BT 471.31 572.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 502.81 572.40 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 527.89 572.40 Td (For ) Tj ET Q q 0 0 0 rg BT 540.74 572.40 Td (further ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 562.80 Td (information ) Tj ET Q q 0 0 0 rg BT 89.27 562.80 Td (on ) Tj ET Q q 0 0 0 rg BT 99.27 562.80 Td (how ) Tj ET Q q 0 0 0 rg BT 115.05 562.80 Td (to ) Tj ET Q q 0 0 0 rg BT 123.27 562.80 Td (calculate ) Tj ET Q q 0 0 0 rg BT 153.69 562.80 Td (basic ) Tj ET Q q 0 0 0 rg BT 172.13 562.80 Td (and ) Tj ET Q q 0 0 0 rg BT 185.68 562.80 Td (diluted ) Tj ET Q q 0 0 0 rg BT 209.90 562.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 239.00 562.80 Td (per ) Tj ET Q q 0 0 0 rg BT 251.21 562.80 Td (share ) Tj ET Q q 0 0 0 rg BT 270.09 562.80 Td (for ) Tj ET Q q 0 0 0 rg BT 281.42 562.80 Td (continuing ) Tj ET Q q 0 0 0 rg BT 317.64 562.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 352.96 562.80 Td (and ) Tj ET Q q 0 0 0 rg BT 366.52 562.80 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 409.40 562.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 446.72 562.80 Td (see ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.94 562.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 476.49 562.80 Td (19, ) Tj ET Q q 0 0 0 rg BT 488.49 562.80 Td ("Earnings ) Tj ET Q q 0 0 0 rg BT 522.19 562.80 Td (per) Tj ET Q q 0 0 0 rg BT 532.25 562.80 Td (-share") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.05 562.80 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 544.20 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 96.40 544.20 Td (Operations ) Tj ET Q q 0 0 0 rg BT 136.62 544.20 Td (and ) Tj ET Q q 0 0 0 rg BT 151.08 544.20 Td (Assets ) Tj ET Q q 0 0 0 rg BT 174.41 544.20 Td (Held ) Tj ET Q q 0 0 0 rg BT 192.86 544.20 Td (for) Tj ET Q q 0 0 0 rg BT 202.93 544.20 Td ( ) Tj ET Q q 0 0 0 rg BT 204.93 544.20 Td (Sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 528.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 528.60 Td (e ) Tj ET Q q 0 0 0 rg BT 61.42 528.60 Td (present ) Tj ET Q q 0 0 0 rg BT 85.99 528.60 Td (our ) Tj ET Q q 0 0 0 rg BT 98.12 528.60 Td (results ) Tj ET Q q 0 0 0 rg BT 120.46 528.60 Td (of ) Tj ET Q q 0 0 0 rg BT 128.59 528.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 165.38 528.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 194.83 528.60 Td (position ) Tj ET Q q 0 0 0 rg BT 222.07 528.60 Td (and ) Tj ET Q q 0 0 0 rg BT 235.08 528.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 250.76 528.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 270.00 528.60 Td (of ) Tj ET Q q 0 0 0 rg BT 278.13 528.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 312.92 528.60 Td (that ) Tj ET Q q 0 0 0 rg BT 326.38 528.60 Td (have ) Tj ET Q q 0 0 0 rg BT 342.94 528.60 Td (either ) Tj ET Q q 0 0 0 rg BT 362.61 528.60 Td (been ) Tj ET Q q 0 0 0 rg BT 379.18 528.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 393.98 528.60 Td (or ) Tj ET Q q 0 0 0 rg BT 402.10 528.60 Td (that ) Tj ET Q q 0 0 0 rg BT 415.56 528.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 432.57 528.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.81 528.60 Td (criteria ) Tj ET Q q 0 0 0 rg BT 467.92 528.60 Td (for ) Tj ET Q q 0 0 0 rg BT 478.71 528.60 Td ("held-for) Tj ET Q q 0 0 0 rg BT 507.58 528.60 Td (-sale ) Tj ET Q q 0 0 0 rg BT 524.15 528.60 Td (accounting" ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 519.00 Td (as ) Tj ET Q q 0 0 0 rg BT 58.10 519.00 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 100.92 519.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 136.19 519.00 Td (if ) Tj ET Q q 0 0 0 rg BT 143.01 519.00 Td (the ) Tj ET Q q 0 0 0 rg BT 154.72 519.00 Td (disposal ) Tj ET Q q 0 0 0 rg BT 182.88 519.00 Td (represents ) Tj ET Q q 0 0 0 rg BT 217.25 519.00 Td (a ) Tj ET Q q 0 0 0 rg BT 222.74 519.00 Td (strategic ) Tj ET Q q 0 0 0 rg BT 251.78 519.00 Td (shift ) Tj ET Q q 0 0 0 rg BT 267.94 519.00 Td (that ) Tj ET Q q 0 0 0 rg BT 281.87 519.00 Td (will ) Tj ET Q q 0 0 0 rg BT 296.26 519.00 Td (have ) Tj ET Q q 0 0 0 rg BT 313.30 519.00 Td (a ) Tj ET Q q 0 0 0 rg BT 318.79 519.00 Td (major ) Tj ET Q q 0 0 0 rg BT 339.39 519.00 Td (ef) Tj ET Q q 0 0 0 rg BT 345.46 519.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 359.38 519.00 Td (on ) Tj ET Q q 0 0 0 rg BT 369.32 519.00 Td (our ) Tj ET Q q 0 0 0 rg BT 381.92 519.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 417.19 519.00 Td (and ) Tj ET Q q 0 0 0 rg BT 430.68 519.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.60 519.00 Td (results. ) Tj ET Q q 0 0 0 rg BT 485.00 519.00 Td (At ) Tj ET Q q 0 0 0 rg BT 494.93 519.00 Td (the ) Tj ET Q q 0 0 0 rg BT 506.65 519.00 Td (time ) Tj ET Q q 0 0 0 rg BT 522.80 519.00 Td (an ) Tj ET Q q 0 0 0 rg BT 532.29 519.00 Td (operation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 509.40 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 79.13 509.40 Td (for ) Tj ET Q q 0 0 0 rg BT 90.54 509.40 Td (held-for) Tj ET Q q 0 0 0 rg BT 116.14 509.40 Td (-sale ) Tj ET Q q 0 0 0 rg BT 133.32 509.40 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 172.50 509.40 Td (the ) Tj ET Q q 0 0 0 rg BT 184.35 509.40 Td (operation ) Tj ET Q q 0 0 0 rg BT 216.64 509.40 Td (is ) Tj ET Q q 0 0 0 rg BT 224.06 509.40 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 256.79 509.40 Td (to ) Tj ET Q q 0 0 0 rg BT 265.09 509.40 Td (determine ) Tj ET Q q 0 0 0 rg BT 299.16 509.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 327.00 509.40 Td (or ) Tj ET Q q 0 0 0 rg BT 335.75 509.40 Td (not ) Tj ET Q q 0 0 0 rg BT 348.05 509.40 Td (its ) Tj ET Q q 0 0 0 rg BT 357.69 509.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 386.42 509.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 412.50 509.40 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 439.89 509.40 Td (its ) Tj ET Q q 0 0 0 rg BT 449.53 509.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 462.71 509.40 Td (value ) Tj ET Q q 0 0 0 rg BT 482.12 509.40 Td (less ) Tj ET Q q 0 0 0 rg BT 496.20 509.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 511.16 509.40 Td (to ) Tj ET Q q 0 0 0 rg BT 519.47 509.40 Td (sell. ) Tj ET Q q 0 0 0 rg BT 534.20 509.40 Td (Any ) Tj ET Q q 0 0 0 rg BT 550.05 509.40 Td (loss ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 499.80 Td (as ) Tj ET Q q 0 0 0 rg BT 58.24 499.80 Td (a ) Tj ET Q q 0 0 0 rg BT 63.87 499.80 Td (result ) Tj ET Q q 0 0 0 rg BT 83.72 499.80 Td (of ) Tj ET Q q 0 0 0 rg BT 92.46 499.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 121.19 499.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 150.38 499.80 Td (in ) Tj ET Q q 0 0 0 rg BT 158.68 499.80 Td (excess ) Tj ET Q q 0 0 0 rg BT 181.63 499.80 Td (of ) Tj ET Q q 0 0 0 rg BT 190.37 499.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 203.55 499.80 Td (value ) Tj ET Q q 0 0 0 rg BT 222.95 499.80 Td (less ) Tj ET Q q 0 0 0 rg BT 237.03 499.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 252.00 499.80 Td (to ) Tj ET Q q 0 0 0 rg BT 260.29 499.80 Td (sell ) Tj ET Q q 0 0 0 rg BT 273.48 499.80 Td (is ) Tj ET Q q 0 0 0 rg BT 280.89 499.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 310.95 499.80 Td (in ) Tj ET Q q 0 0 0 rg BT 319.25 499.80 Td (the ) Tj ET Q q 0 0 0 rg BT 331.10 499.80 Td (period ) Tj ET Q q 0 0 0 rg BT 353.62 499.80 Td (the ) Tj ET Q q 0 0 0 rg BT 365.47 499.80 Td (operation ) Tj ET Q q 0 0 0 rg BT 397.76 499.80 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 427.38 499.80 Td (for ) Tj ET Q q 0 0 0 rg BT 438.79 499.80 Td (held-for) Tj ET Q q 0 0 0 rg BT 464.39 499.80 Td (-sale ) Tj ET Q q 0 0 0 rg BT 481.57 499.80 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 520.74 499.80 Td (Management ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 490.20 Td (judgment ) Tj ET Q q 0 0 0 rg BT 81.85 490.20 Td (is ) Tj ET Q q 0 0 0 rg BT 89.31 490.20 Td (required ) Tj ET Q q 0 0 0 rg BT 118.09 490.20 Td (to ) Tj ET Q q 0 0 0 rg BT 126.44 490.20 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 137.89 490.20 Td (assess ) Tj ET Q q 0 0 0 rg BT 159.57 490.20 Td (the ) Tj ET Q q 0 0 0 rg BT 171.47 490.20 Td (criteria ) Tj ET Q q 0 0 0 rg BT 196.25 490.20 Td (required ) Tj ET Q q 0 0 0 rg BT 225.03 490.20 Td (to ) Tj ET Q q 0 0 0 rg BT 233.38 490.20 Td (qualify ) Tj ET Q q 0 0 0 rg BT 258.17 490.20 Td (for ) Tj ET Q q 0 0 0 rg BT 269.62 490.20 Td (held-for) Tj ET Q q 0 0 0 rg BT 295.23 490.20 Td (-sale ) Tj ET Q q 0 0 0 rg BT 312.46 490.20 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 351.68 490.20 Td (and ) Tj ET Q q 0 0 0 rg BT 365.36 490.20 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 376.81 490.20 Td (estimate ) Tj ET Q q 0 0 0 rg BT 405.60 490.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 418.82 490.20 Td (value. ) Tj ET Q q 0 0 0 rg BT 440.28 490.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 454.84 490.20 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 484.52 490.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 519.97 490.20 Td (are ) Tj ET Q q 0 0 0 rg BT 531.86 490.20 Td (presented ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 480.60 Td (as ) Tj ET Q q 0 0 0 rg BT 58.02 480.60 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 100.75 480.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 135.93 480.60 Td (for ) Tj ET Q q 0 0 0 rg BT 147.11 480.60 Td (all ) Tj ET Q q 0 0 0 rg BT 156.95 480.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 182.36 480.60 Td (in ) Tj ET Q q 0 0 0 rg BT 190.43 480.60 Td (this ) Tj ET Q q 0 0 0 rg BT 203.84 480.60 Td (report ) Tj ET Q q 0 0 0 rg BT 224.79 480.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.79 480.60 Td (Assets ) Tj ET Q q 0 0 0 rg BT 260.53 480.60 Td (held ) Tj ET Q q 0 0 0 rg BT 276.15 480.60 Td (for ) Tj ET Q q 0 0 0 rg BT 287.33 480.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 301.62 480.60 Td (for ) Tj ET Q q 0 0 0 rg BT 312.80 480.60 Td (the ) Tj ET Q q 0 0 0 rg BT 324.43 480.60 Td (year ) Tj ET Q q 0 0 0 rg BT 340.04 480.60 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 480.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 407.72 480.60 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.72 480.60 Td (. ) Tj ET Q q 0 0 0 rg BT 427.57 480.60 Td (See ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.97 480.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 458.37 480.60 Td (3, ) Tj ET Q q 0 0 0 rg BT 466.22 480.60 Td ("Discontinued ) Tj ET Q q 0 0 0 rg BT 514.00 480.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 550.95 480.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 471.00 Td (Assets ) Tj ET Q q 0 0 0 rg BT 72.39 471.00 Td (Held ) Tj ET Q q 0 0 0 rg BT 89.94 471.00 Td (for ) Tj ET Q q 0 0 0 rg BT 101.27 471.00 Td (Sale") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 118.31 471.00 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 452.40 Td (Recent ) Tj ET Q q 0 0 0 rg BT 74.60 452.40 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 115.71 452.40 Td (Pr) Tj ET Q q 0 0 0 rg BT 124.01 452.40 Td (onouncements) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 433.80 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 95.64 433.80 Td (onouncements ) Tj ET Q q 0 0 0 rg BT 143.26 433.80 Td (Adopted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 418.20 Td (OnJanuary1, ) Tj ET Q q 0 0 0 rg BT 96.19 418.20 Td (2018, ) Tj ET Q q 0 0 0 rg BT 116.22 418.20 Td (we ) Tj ET Q q 0 0 0 rg BT 127.58 418.20 Td (adopted ) Tj ET Q q 0 0 0 rg BT 154.49 418.20 Td (ASC ) Tj ET Q q 0 0 0 rg BT 172.08 418.20 Td (606 ) Tj ET Q q 0 0 0 rg BT 186.11 418.20 Td (using ) Tj ET Q q 0 0 0 rg BT 205.48 418.20 Td (the ) Tj ET Q q 0 0 0 rg BT 217.28 418.20 Td (modified ) Tj ET Q q 0 0 0 rg BT 248.20 418.20 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 291.54 418.20 Td (method ) Tj ET Q q 0 0 0 rg BT 317.57 418.20 Td (applied ) Tj ET Q q 0 0 0 rg BT 343.15 418.20 Td (to ) Tj ET Q q 0 0 0 rg BT 351.40 418.20 Td (those ) Tj ET Q q 0 0 0 rg BT 370.32 418.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 401.22 418.20 Td (which ) Tj ET Q q 0 0 0 rg BT 422.81 418.20 Td (were ) Tj ET Q q 0 0 0 rg BT 440.38 418.20 Td (not ) Tj ET Q q 0 0 0 rg BT 452.63 418.20 Td (completed ) Tj ET Q q 0 0 0 rg BT 487.99 418.20 Td (as ) Tj ET Q q 0 0 0 rg BT 496.68 418.20 Td (ofthe ) Tj ET Q q 0 0 0 rg BT 517.15 418.20 Td (adoption ) Tj ET Q q 0 0 0 rg BT 547.18 418.20 Td (date. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 408.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 74.55 408.60 Td (for ) Tj ET Q BT /F1 8.00 Tf ET 1 1 1 rg /GS0 gs 85.37 414.15 29.32 -7.27 re f /GS0 gs q 0 0 0 rg BT 85.37 408.60 Td (reporting) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 114.69 408.60 Td ( ) Tj ET Q q 0 0 0 rg BT 116.18 408.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 141.23 408.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 174.71 408.60 Td (afterJanuary1, ) Tj ET Q q 0 0 0 rg BT 225.74 408.60 Td (2018are ) Tj ET Q q 0 0 0 rg BT 254.99 408.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 287.14 408.60 Td (under ) Tj ET Q q 0 0 0 rg BT 306.51 408.60 Td (ASC ) Tj ET Q q 0 0 0 rg BT 323.57 408.60 Td (606, ) Tj ET Q q 0 0 0 rg BT 339.06 408.60 Td (while ) Tj ET Q q 0 0 0 rg BT 358.32 408.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 375.37 408.60 Td (period ) Tj ET Q q 0 0 0 rg BT 397.29 408.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 425.89 408.60 Td (are ) Tj ET Q q 0 0 0 rg BT 437.15 408.60 Td (not ) Tj ET Q q 0 0 0 rg BT 448.87 408.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 477.02 408.60 Td (and ) Tj ET Q q 0 0 0 rg BT 490.06 408.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 519.10 408.60 Td (to ) Tj ET Q q 0 0 0 rg BT 526.81 408.60 Td (be ) Tj ET Q q 0 0 0 rg BT 535.85 408.60 Td (reported ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 399.00 Td (in ) Tj ET Q q 0 0 0 rg BT 57.71 399.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 95.68 399.00 Td (with ) Tj ET Q q 0 0 0 rg BT 111.89 399.00 Td (our ) Tj ET Q q 0 0 0 rg BT 124.55 399.00 Td (historic ) Tj ET Q q 0 0 0 rg BT 150.54 399.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 187.63 399.00 Td (under ) Tj ET Q q 0 0 0 rg BT 207.83 399.00 Td (legacy ) Tj ET Q q 0 0 0 rg BT 230.70 399.00 Td (guidance) Tj ET Q BT /F1 8.00 Tf ET 1 1 1 rg /GS0 gs 259.57 404.55 304.92 -7.27 re f /GS0 gs q 0 0 0 rg BT 259.57 399.00 Td (. ) Tj ET Q q 0 0 0 rg BT 263.57 399.00 Td (Based ) Tj ET Q q 0 0 0 rg BT 285.11 399.00 Td (on ) Tj ET Q q 0 0 0 rg BT 295.10 399.00 Td (our ) Tj ET Q q 0 0 0 rg BT 307.76 399.00 Td (assessment ) Tj ET Q q 0 0 0 rg BT 345.30 399.00 Td (of ) Tj ET Q q 0 0 0 rg BT 353.96 399.00 Td (the ) Tj ET Q q 0 0 0 rg BT 365.72 399.00 Td (guidance ) Tj ET Q q 0 0 0 rg BT 396.59 399.00 Td (in ) Tj ET Q q 0 0 0 rg BT 404.37 399.00 Td (ASC ) Tj ET Q q 0 0 0 rg BT 421.92 399.00 Td (606, ) Tj ET Q q 0 0 0 rg BT 437.91 399.00 Td (our ) Tj ET Q q 0 0 0 rg BT 450.57 399.00 Td (method ) Tj ET Q q 0 0 0 rg BT 476.56 399.00 Td (of ) Tj ET Q q 0 0 0 rg BT 485.21 399.00 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 524.97 399.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 552.28 399.00 Td (did ) Tj ET Q BT /F1 8.00 Tf ET 1 1 1 rg /GS0 gs 49.50 394.95 515.02 -7.27 re f /GS0 gs q 0 0 0 rg BT 49.50 389.40 Td (not ) Tj ET Q q 0 0 0 rg BT 62.00 389.40 Td (change. ) Tj ET Q q 0 0 0 rg BT 88.93 389.40 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 133.20 389.40 Td (we ) Tj ET Q q 0 0 0 rg BT 144.80 389.40 Td (did ) Tj ET Q q 0 0 0 rg BT 157.31 389.40 Td (not ) Tj ET Q q 0 0 0 rg BT 169.81 389.40 Td (record ) Tj ET Q q 0 0 0 rg BT 192.51 389.40 Td (an ) Tj ET Q q 0 0 0 rg BT 202.34 389.40 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 239.73 389.40 Td (to ) Tj ET Q q 0 0 0 rg BT 248.23 389.40 Td (opening ) Tj ET Q q 0 0 0 rg BT 276.28 389.40 Td (retained ) Tj ET Q q 0 0 0 rg BT 304.32 389.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 333.70 389.40 Td (as ) Tj ET Q q 0 0 0 rg BT 342.64 389.40 Td (ofJanuary1, ) Tj ET Q q 0 0 0 rg BT 386.46 389.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 404.74 389.40 Td (and ) Tj ET Q q 0 0 0 rg BT 418.57 389.40 Td (there ) Tj ET Q q 0 0 0 rg BT 436.84 389.40 Td (was ) Tj ET Q q 0 0 0 rg BT 451.56 389.40 Td (no ) Tj ET Q q 0 0 0 rg BT 461.84 389.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 485.88 389.40 Td (to ) Tj ET Q q 0 0 0 rg BT 494.38 389.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 525.09 389.40 Td (for ) Tj ET Q q 0 0 0 rg BT 536.70 389.40 Td (the ) Tj ET Q q 0 0 0 rg BT 548.75 389.40 Td (year ) Tj ET Q BT /F1 8.00 Tf ET 1 1 1 rg /GS0 gs 49.50 385.35 21.10 -7.27 re f /GS0 gs q 0 0 0 rg BT 49.50 379.80 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.60 379.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 117.47 379.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET 1 1 1 rg /GS0 gs 133.47 385.35 4.00 -7.27 re f /GS0 gs q 0 0 0 rg BT 133.47 379.80 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 364.20 Td (In ) Tj ET Q q 0 0 0 rg BT 57.77 364.20 Td (August ) Tj ET Q q 0 0 0 rg BT 82.94 364.20 Td (2016, ) Tj ET Q q 0 0 0 rg BT 103.00 364.20 Td (the ) Tj ET Q q 0 0 0 rg BT 114.83 364.20 Td (F) Tj ET Q q 0 0 0 rg BT 118.69 364.20 Td (ASB ) Tj ET Q q 0 0 0 rg BT 136.31 364.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 158.37 364.20 Td (guidance ) Tj ET Q q 0 0 0 rg BT 189.30 364.20 Td (which ) Tj ET Q q 0 0 0 rg BT 210.91 364.20 Td (is ) Tj ET Q q 0 0 0 rg BT 218.30 364.20 Td (intended ) Tj ET Q q 0 0 0 rg BT 247.91 364.20 Td (to ) Tj ET Q q 0 0 0 rg BT 256.19 364.20 Td (reduce ) Tj ET Q q 0 0 0 rg BT 279.57 364.20 Td (the ) Tj ET Q q 0 0 0 rg BT 291.40 364.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 318.79 364.20 Td (diversity ) Tj ET Q q 0 0 0 rg BT 348.84 364.20 Td (in ) Tj ET Q q 0 0 0 rg BT 357.12 364.20 Td (practice ) Tj ET Q q 0 0 0 rg BT 384.50 364.20 Td (related ) Tj ET Q q 0 0 0 rg BT 408.32 364.20 Td (to ) Tj ET Q q 0 0 0 rg BT 416.60 364.20 Td (specific ) Tj ET Q q 0 0 0 rg BT 443.53 364.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 459.80 364.20 Td (flow ) Tj ET Q q 0 0 0 rg BT 476.53 364.20 Td (issues. ) Tj ET Q q 0 0 0 rg BT 499.24 364.20 Td (As ) Tj ET Q q 0 0 0 rg BT 510.19 364.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 545.12 364.20 Td (to ) Tj ET Q q 0 0 0 rg BT 553.40 364.20 Td (us, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 61.72 354.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 93.04 354.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 121.25 354.60 Td (that ) Tj ET Q q 0 0 0 rg BT 135.70 354.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 152.36 354.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 172.58 354.60 Td (at ) Tj ET Q q 0 0 0 rg BT 180.80 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.02 354.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 228.34 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 237.46 354.60 Td (zero-coupon ) Tj ET Q q 0 0 0 rg BT 279.88 354.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 296.10 354.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 335.88 354.60 Td (or ) Tj ET Q q 0 0 0 rg BT 344.99 354.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 361.21 354.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 400.99 354.60 Td (with ) Tj ET Q q 0 0 0 rg BT 417.66 354.60 Td (coupon ) Tj ET Q q 0 0 0 rg BT 443.65 354.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 469.65 354.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 487.20 354.60 Td (that ) Tj ET Q q 0 0 0 rg BT 501.64 354.60 Td (are ) Tj ET Q q 0 0 0 rg BT 513.85 354.60 Td (insignificant ) Tj ET Q q 0 0 0 rg BT 556.29 354.60 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 345.00 Td (relation ) Tj ET Q q 0 0 0 rg BT 75.97 345.00 Td (to ) Tj ET Q q 0 0 0 rg BT 84.23 345.00 Td (the ) Tj ET Q q 0 0 0 rg BT 96.05 345.00 Td (ef) Tj ET Q q 0 0 0 rg BT 102.12 345.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 125.92 345.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 151.50 345.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 165.53 345.00 Td (of ) Tj ET Q q 0 0 0 rg BT 174.23 345.00 Td (the ) Tj ET Q q 0 0 0 rg BT 186.05 345.00 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 221.41 345.00 Td (be ) Tj ET Q q 0 0 0 rg BT 231.00 345.00 Td (bifurcated ) Tj ET Q q 0 0 0 rg BT 265.47 345.00 Td (between ) Tj ET Q q 0 0 0 rg BT 294.16 345.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 310.41 345.00 Td (outflows ) Tj ET Q q 0 0 0 rg BT 340.45 345.00 Td (for ) Tj ET Q q 0 0 0 rg BT 351.82 345.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 384.07 345.00 Td (activities ) Tj ET Q q 0 0 0 rg BT 414.99 345.00 Td (for ) Tj ET Q q 0 0 0 rg BT 426.36 345.00 Td (the ) Tj ET Q q 0 0 0 rg BT 438.17 345.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 463.32 345.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 501.79 345.00 Td (to ) Tj ET Q q 0 0 0 rg BT 510.05 345.00 Td (accrued ) Tj ET Q q 0 0 0 rg BT 536.95 345.00 Td (interest, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 335.40 Td (and ) Tj ET Q q 0 0 0 rg BT 62.78 335.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 78.73 335.40 Td (outflows ) Tj ET Q q 0 0 0 rg BT 108.46 335.40 Td (for ) Tj ET Q q 0 0 0 rg BT 119.52 335.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 151.46 335.40 Td (activities ) Tj ET Q q 0 0 0 rg BT 182.07 335.40 Td (for ) Tj ET Q q 0 0 0 rg BT 193.13 335.40 Td (the ) Tj ET Q q 0 0 0 rg BT 204.64 335.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 229.48 335.40 Td (attributable ) Tj ET Q q 0 0 0 rg BT 267.64 335.40 Td (to ) Tj ET Q q 0 0 0 rg BT 275.59 335.40 Td (the ) Tj ET Q q 0 0 0 rg BT 287.10 335.40 Td (principal. ) Tj ET Q q 0 0 0 rg BT 319.14 335.40 Td (W) Tj ET Q q 0 0 0 rg BT 326.05 335.40 Td (e ) Tj ET Q q 0 0 0 rg BT 331.33 335.40 Td (adopted ) Tj ET Q q 0 0 0 rg BT 358.39 335.40 Td (this ) Tj ET Q q 0 0 0 rg BT 371.68 335.40 Td (guidance ) Tj ET Q q 0 0 0 rg BT 402.28 335.40 Td (as ) Tj ET Q q 0 0 0 rg BT 410.68 335.40 Td (of ) Tj ET Q q 0 0 0 rg BT 419.07 335.40 Td (January ) Tj ET Q q 0 0 0 rg BT 445.68 335.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 453.42 335.40 Td (2018. ) Tj ET Q q 0 0 0 rg BT 473.15 335.40 Td (Upon ) Tj ET Q q 0 0 0 rg BT 492.66 335.40 Td (adoption, ) Tj ET Q q 0 0 0 rg BT 524.38 335.40 Td (our ) Tj ET Q q 0 0 0 rg BT 536.78 335.40 Td (net ) Tj ET Q q 0 0 0 rg BT 548.28 335.40 Td (cash ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 325.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 68.82 325.80 Td (generated ) Tj ET Q q 0 0 0 rg BT 101.45 325.80 Td (from ) Tj ET Q q 0 0 0 rg BT 118.54 325.80 Td (/ ) Tj ET Q q 0 0 0 rg BT 122.31 325.80 Td (used ) Tj ET Q q 0 0 0 rg BT 138.51 325.80 Td (in ) Tj ET Q q 0 0 0 rg BT 146.28 325.80 Td (continuing ) Tj ET Q q 0 0 0 rg BT 182.04 325.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 213.79 325.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 244.21 325.80 Td (for ) Tj ET Q q 0 0 0 rg BT 255.08 325.80 Td (the ) Tj ET Q q 0 0 0 rg BT 266.40 325.80 Td (year ) Tj ET Q q 0 0 0 rg BT 281.71 325.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 302.35 325.80 Td (December ) Tj ET Q q 0 0 0 rg BT 336.76 325.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 348.30 325.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 365.84 325.80 Td (decreased ) Tj ET Q q 0 0 0 rg BT 398.92 325.80 Td (by ) Tj ET Q q 0 0 0 rg BT 408.46 325.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.23 325.80 Td (1) Tj ET Q q 0 0 0 rg BT 427.93 325.80 Td (10.7 ) Tj ET Q q 0 0 0 rg BT 443.47 325.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.59 325.80 Td ( ) Tj ET Q q 0 0 0 rg BT 468.13 325.80 Td (with ) Tj ET Q q 0 0 0 rg BT 483.89 325.80 Td (a ) Tj ET Q q 0 0 0 rg BT 488.99 325.80 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 536.29 325.80 Td (increase ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 316.20 Td (in ) Tj ET Q q 0 0 0 rg BT 57.92 316.20 Td (net ) Tj ET Q q 0 0 0 rg BT 69.88 316.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 86.29 316.20 Td (used ) Tj ET Q q 0 0 0 rg BT 103.15 316.20 Td (in ) Tj ET Q q 0 0 0 rg BT 111.57 316.20 Td (/ ) Tj ET Q q 0 0 0 rg BT 115.99 316.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 146.62 316.20 Td (by ) Tj ET Q q 0 0 0 rg BT 156.81 316.20 Td (continuing ) Tj ET Q q 0 0 0 rg BT 193.23 316.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 225.63 316.20 Td (activities. ) Tj ET Q q 0 0 0 rg BT 258.55 316.20 Td (The ) Tj ET Q q 0 0 0 rg BT 273.18 316.20 Td (adoption ) Tj ET Q q 0 0 0 rg BT 303.37 316.20 Td (of ) Tj ET Q q 0 0 0 rg BT 312.23 316.20 Td (this ) Tj ET Q q 0 0 0 rg BT 325.98 316.20 Td (guidance ) Tj ET Q q 0 0 0 rg BT 357.05 316.20 Td (did ) Tj ET Q q 0 0 0 rg BT 369.47 316.20 Td (not ) Tj ET Q q 0 0 0 rg BT 381.88 316.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 405.85 316.20 Td (on ) Tj ET Q q 0 0 0 rg BT 416.04 316.20 Td (our ) Tj ET Q q 0 0 0 rg BT 428.90 316.20 Td (net ) Tj ET Q q 0 0 0 rg BT 440.87 316.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 457.28 316.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 477.25 316.20 Td (generated ) Tj ET Q q 0 0 0 rg BT 510.53 316.20 Td (from ) Tj ET Q q 0 0 0 rg BT 528.28 316.20 Td (continuing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 81.71 306.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 112.59 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 120.81 306.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 138.81 306.60 Td (or ) Tj ET Q q 0 0 0 rg BT 147.48 306.60 Td (2017.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 291.00 Td (In ) Tj ET Q q 0 0 0 rg BT 58.12 291.00 Td (August ) Tj ET Q q 0 0 0 rg BT 83.73 291.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 104.24 291.00 Td (the ) Tj ET Q q 0 0 0 rg BT 116.52 291.00 Td (F) Tj ET Q q 0 0 0 rg BT 120.37 291.00 Td (ASB ) Tj ET Q q 0 0 0 rg BT 138.44 291.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 160.95 291.00 Td (guidance ) Tj ET Q q 0 0 0 rg BT 192.33 291.00 Td (to ) Tj ET Q q 0 0 0 rg BT 201.05 291.00 Td (align ) Tj ET Q q 0 0 0 rg BT 219.55 291.00 Td (the ) Tj ET Q q 0 0 0 rg BT 231.83 291.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 276.10 291.00 Td (for ) Tj ET Q q 0 0 0 rg BT 287.93 291.00 Td (capitalizing ) Tj ET Q q 0 0 0 rg BT 327.75 291.00 Td (implementation ) Tj ET Q q 0 0 0 rg BT 380.47 291.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 398.97 291.00 Td (incurred ) Tj ET Q q 0 0 0 rg BT 428.13 291.00 Td (in ) Tj ET Q q 0 0 0 rg BT 436.86 291.00 Td (a ) Tj ET Q q 0 0 0 rg BT 442.91 291.00 Td (hosting ) Tj ET Q q 0 0 0 rg BT 468.98 291.00 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 511.46 291.00 Td (that ) Tj ET Q q 0 0 0 rg BT 525.96 291.00 Td (is ) Tj ET Q q 0 0 0 rg BT 533.80 291.00 Td (a ) Tj ET Q q 0 0 0 rg BT 539.86 291.00 Td (service ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 281.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 76.65 281.40 Td (with ) Tj ET Q q 0 0 0 rg BT 92.26 281.40 Td (the ) Tj ET Q q 0 0 0 rg BT 103.43 281.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 146.58 281.40 Td (for ) Tj ET Q q 0 0 0 rg BT 157.30 281.40 Td (capitalizing ) Tj ET Q q 0 0 0 rg BT 196.00 281.40 Td (implementation ) Tj ET Q q 0 0 0 rg BT 247.60 281.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 264.99 281.40 Td (incurred ) Tj ET Q q 0 0 0 rg BT 293.03 281.40 Td (to ) Tj ET Q q 0 0 0 rg BT 300.65 281.40 Td (develop ) Tj ET Q q 0 0 0 rg BT 327.36 281.40 Td (or ) Tj ET Q q 0 0 0 rg BT 335.41 281.40 Td (obtain ) Tj ET Q q 0 0 0 rg BT 356.80 281.40 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 395.95 281.40 Td (software ) Tj ET Q q 0 0 0 rg BT 424.88 281.40 Td (as ) Tj ET Q q 0 0 0 rg BT 432.94 281.40 Td (well ) Tj ET Q q 0 0 0 rg BT 448.10 281.40 Td (as ) Tj ET Q q 0 0 0 rg BT 456.15 281.40 Td (hosting ) Tj ET Q q 0 0 0 rg BT 481.10 281.40 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 525.58 281.40 Td (that ) Tj ET Q q 0 0 0 rg BT 538.97 281.40 Td (include ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 271.80 Td (an ) Tj ET Q q 0 0 0 rg BT 59.05 271.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 85.48 271.80 Td (use ) Tj ET Q q 0 0 0 rg BT 98.15 271.80 Td (software ) Tj ET Q q 0 0 0 rg BT 127.69 271.80 Td (license. ) Tj ET Q q 0 0 0 rg BT 153.76 271.80 Td (W) Tj ET Q q 0 0 0 rg BT 160.67 271.80 Td (e ) Tj ET Q q 0 0 0 rg BT 166.22 271.80 Td (have ) Tj ET Q q 0 0 0 rg BT 183.32 271.80 Td (early ) Tj ET Q q 0 0 0 rg BT 201.31 271.80 Td (adopted ) Tj ET Q q 0 0 0 rg BT 228.63 271.80 Td (the ) Tj ET Q q 0 0 0 rg BT 240.41 271.80 Td (guidance ) Tj ET Q q 0 0 0 rg BT 271.28 271.80 Td (in ) Tj ET Q q 0 0 0 rg BT 279.50 271.80 Td (the ) Tj ET Q q 0 0 0 rg BT 291.28 271.80 Td (fourth ) Tj ET Q q 0 0 0 rg BT 312.83 271.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 337.48 271.80 Td (of ) Tj ET Q q 0 0 0 rg BT 346.14 271.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 364.14 271.80 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 409.24 271.80 Td (with ) Tj ET Q q 0 0 0 rg BT 425.46 271.80 Td (insignificant ) Tj ET Q q 0 0 0 rg BT 467.46 271.80 Td (current ) Tj ET Q q 0 0 0 rg BT 492.11 271.80 Td (period ) Tj ET Q q 0 0 0 rg BT 514.55 271.80 Td (impact. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 253.20 Td (Recent ) Tj ET Q q 0 0 0 rg BT 73.12 253.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 111.55 253.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 119.25 253.20 Td (onouncements ) Tj ET Q q 0 0 0 rg BT 167.02 253.20 Td (Issued) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 237.60 Td (In ) Tj ET Q q 0 0 0 rg BT 58.13 237.60 Td (February ) Tj ET Q q 0 0 0 rg BT 88.97 237.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 108.93 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.67 237.60 Td (F) Tj ET Q q 0 0 0 rg BT 124.52 237.60 Td (ASB ) Tj ET Q q 0 0 0 rg BT 142.05 237.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 164.01 237.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 194.85 237.60 Td (to ) Tj ET Q q 0 0 0 rg BT 203.04 237.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 231.20 237.60 Td (transparency ) Tj ET Q q 0 0 0 rg BT 274.03 237.60 Td (and ) Tj ET Q q 0 0 0 rg BT 287.54 237.60 Td (comparability ) Tj ET Q q 0 0 0 rg BT 333.94 237.60 Td (among ) Tj ET Q q 0 0 0 rg BT 357.67 237.60 Td (or) Tj ET Q q 0 0 0 rg BT 364.19 237.60 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 402.59 237.60 Td (by ) Tj ET Q q 0 0 0 rg BT 412.55 237.60 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 452.28 237.60 Td (leasing ) Tj ET Q q 0 0 0 rg BT 476.90 237.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 497.53 237.60 Td (and ) Tj ET Q q 0 0 0 rg BT 511.04 237.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 542.78 237.60 Td (on ) Tj ET Q q 0 0 0 rg BT 552.74 237.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 228.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 76.07 228.00 Td (sheet ) Tj ET Q q 0 0 0 rg BT 94.66 228.00 Td (and ) Tj ET Q q 0 0 0 rg BT 108.36 228.00 Td (requiring ) Tj ET Q q 0 0 0 rg BT 139.83 228.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 173.97 228.00 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 211.67 228.00 Td (about ) Tj ET Q q 0 0 0 rg BT 231.59 228.00 Td (an ) Tj ET Q q 0 0 0 rg BT 241.29 228.00 Td (entity's ) Tj ET Q q 0 0 0 rg BT 266.21 228.00 Td (leasing ) Tj ET Q q 0 0 0 rg BT 291.01 228.00 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 338.10 228.00 Td (The ) Tj ET Q q 0 0 0 rg BT 352.68 228.00 Td (guidance ) Tj ET Q q 0 0 0 rg BT 383.70 228.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 411.62 228.00 Td (that ) Tj ET Q q 0 0 0 rg BT 425.76 228.00 Td (a ) Tj ET Q q 0 0 0 rg BT 431.46 228.00 Td (lessee ) Tj ET Q q 0 0 0 rg BT 452.71 228.00 Td (recognize ) Tj ET Q q 0 0 0 rg BT 485.94 228.00 Td (a ) Tj ET Q q 0 0 0 rg BT 491.64 228.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 518.68 228.00 Td (to ) Tj ET Q q 0 0 0 rg BT 527.05 228.00 Td (make ) Tj ET Q q 0 0 0 rg BT 546.52 228.00 Td (lease ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 218.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 82.25 218.40 Td (and ) Tj ET Q q 0 0 0 rg BT 95.88 218.40 Td (a ) Tj ET Q q 0 0 0 rg BT 101.52 218.40 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 141.37 218.40 Td (asset, ) Tj ET Q q 0 0 0 rg BT 161.01 218.40 Td (with ) Tj ET Q q 0 0 0 rg BT 177.32 218.40 Td (an ) Tj ET Q q 0 0 0 rg BT 186.95 218.40 Td (available ) Tj ET Q q 0 0 0 rg BT 217.91 218.40 Td (exception ) Tj ET Q q 0 0 0 rg BT 251.09 218.40 Td (for ) Tj ET Q q 0 0 0 rg BT 262.51 218.40 Td (leases ) Tj ET Q q 0 0 0 rg BT 283.70 218.40 Td (with ) Tj ET Q q 0 0 0 rg BT 300.00 218.40 Td (an ) Tj ET Q q 0 0 0 rg BT 309.64 218.40 Td (initial ) Tj ET Q q 0 0 0 rg BT 330.39 218.40 Td (term ) Tj ET Q q 0 0 0 rg BT 347.14 218.40 Td (shorter ) Tj ET Q q 0 0 0 rg BT 371.44 218.40 Td (than ) Tj ET Q q 0 0 0 rg BT 387.30 218.40 Td (twelve ) Tj ET Q q 0 0 0 rg BT 410.71 218.40 Td (months. ) Tj ET Q q 0 0 0 rg BT 438.20 218.40 Td (The ) Tj ET Q q 0 0 0 rg BT 452.72 218.40 Td (guidance ) Tj ET Q q 0 0 0 rg BT 483.69 218.40 Td (is ) Tj ET Q q 0 0 0 rg BT 491.11 218.40 Td (ef) Tj ET Q q 0 0 0 rg BT 497.18 218.40 Td (fective ) Tj ET Q q 0 0 0 rg BT 521.02 218.40 Td (for ) Tj ET Q q 0 0 0 rg BT 532.44 218.40 Td (our ) Tj ET Q q 0 0 0 rg BT 545.19 218.40 Td (fiscal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 208.80 Td (year ) Tj ET Q q 0 0 0 rg BT 65.27 208.80 Td (beginning ) Tj ET Q q 0 0 0 rg BT 99.26 208.80 Td (January1,2019. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 193.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 193.20 Td (e ) Tj ET Q q 0 0 0 rg BT 62.52 193.20 Td (will ) Tj ET Q q 0 0 0 rg BT 77.52 193.20 Td (adopt ) Tj ET Q q 0 0 0 rg BT 97.85 193.20 Td (the ) Tj ET Q q 0 0 0 rg BT 110.18 193.20 Td (guidance ) Tj ET Q q 0 0 0 rg BT 141.61 193.20 Td (using ) Tj ET Q q 0 0 0 rg BT 161.50 193.20 Td (the ) Tj ET Q q 0 0 0 rg BT 173.83 193.20 Td (modified ) Tj ET Q q 0 0 0 rg BT 205.27 193.20 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 249.14 193.20 Td (approach ) Tj ET Q q 0 0 0 rg BT 281.02 193.20 Td (and ) Tj ET Q q 0 0 0 rg BT 295.12 193.20 Td (have ) Tj ET Q q 0 0 0 rg BT 312.78 193.20 Td (elected ) Tj ET Q q 0 0 0 rg BT 337.99 193.20 Td (the ) Tj ET Q q 0 0 0 rg BT 350.32 193.20 Td (transition ) Tj ET Q q 0 0 0 rg BT 383.09 193.20 Td (option ) Tj ET Q q 0 0 0 rg BT 406.09 193.20 Td (which ) Tj ET Q q 0 0 0 rg BT 428.20 193.20 Td (allows ) Tj ET Q q 0 0 0 rg BT 451.64 193.20 Td (us ) Tj ET Q q 0 0 0 rg BT 461.31 193.20 Td (to ) Tj ET Q q 0 0 0 rg BT 470.09 193.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 500.20 193.20 Td (to ) Tj ET Q q 0 0 0 rg BT 508.98 193.20 Td (apply ) Tj ET Q q 0 0 0 rg BT 529.31 193.20 Td (the ) Tj ET Q q 0 0 0 rg BT 541.64 193.20 Td (legacy ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 183.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 80.38 183.60 Td (for ) Tj ET Q q 0 0 0 rg BT 91.70 183.60 Td (comparative ) Tj ET Q q 0 0 0 rg BT 133.24 183.60 Td (periods, ) Tj ET Q q 0 0 0 rg BT 160.79 183.60 Td (including ) Tj ET Q q 0 0 0 rg BT 193.01 183.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 227.45 183.60 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 273.21 183.60 Td (in ) Tj ET Q q 0 0 0 rg BT 281.43 183.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.20 183.60 Td (year ) Tj ET Q q 0 0 0 rg BT 308.97 183.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.63 183.60 Td (adoption.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 168.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 168.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.56 168.00 Td (have ) Tj ET Q q 0 0 0 rg BT 80.26 168.00 Td (elected ) Tj ET Q q 0 0 0 rg BT 105.51 168.00 Td (to ) Tj ET Q q 0 0 0 rg BT 114.33 168.00 Td (use ) Tj ET Q q 0 0 0 rg BT 127.59 168.00 Td (the ) Tj ET Q q 0 0 0 rg BT 139.96 168.00 Td (package ) Tj ET Q q 0 0 0 rg BT 168.76 168.00 Td (of ) Tj ET Q q 0 0 0 rg BT 178.03 168.00 Td (practical ) Tj ET Q q 0 0 0 rg BT 208.16 168.00 Td (expedients ) Tj ET Q q 0 0 0 rg BT 244.97 168.00 Td (available ) Tj ET Q q 0 0 0 rg BT 276.44 168.00 Td (to ) Tj ET Q q 0 0 0 rg BT 285.26 168.00 Td (us, ) Tj ET Q q 0 0 0 rg BT 296.97 168.00 Td (including ) Tj ET Q q 0 0 0 rg BT 329.79 168.00 Td (the ) Tj ET Q q 0 0 0 rg BT 342.16 168.00 Td (short-term ) Tj ET Q q 0 0 0 rg BT 378.09 168.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 396.67 168.00 Td (exception, ) Tj ET Q q 0 0 0 rg BT 432.37 168.00 Td (however ) Tj ET Q q 0 0 0 rg BT 462.51 168.00 Td (we ) Tj ET Q q 0 0 0 rg BT 474.44 168.00 Td (have ) Tj ET Q q 0 0 0 rg BT 492.14 168.00 Td (not ) Tj ET Q q 0 0 0 rg BT 504.96 168.00 Td (elected ) Tj ET Q q 0 0 0 rg BT 530.21 168.00 Td (the ) Tj ET Q q 0 0 0 rg BT 542.58 168.00 Td (use ) Tj ET Q q 0 0 0 rg BT 555.84 168.00 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 158.40 Td (hindsight ) Tj ET Q q 0 0 0 rg BT 80.65 158.40 Td (and ) Tj ET Q q 0 0 0 rg BT 93.57 158.40 Td (have ) Tj ET Q q 0 0 0 rg BT 110.04 158.40 Td (not ) Tj ET Q q 0 0 0 rg BT 121.63 158.40 Td (elected ) Tj ET Q q 0 0 0 rg BT 145.65 158.40 Td (to ) Tj ET Q q 0 0 0 rg BT 153.24 158.40 Td (combine ) Tj ET Q q 0 0 0 rg BT 182.15 158.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 199.51 158.40 Td (and ) Tj ET Q q 0 0 0 rg BT 212.43 158.40 Td (non-lease ) Tj ET Q q 0 0 0 rg BT 244.45 158.40 Td (components. ) Tj ET Q q 0 0 0 rg BT 286.38 158.40 Td (W) Tj ET Q q 0 0 0 rg BT 293.29 158.40 Td (e ) Tj ET Q q 0 0 0 rg BT 298.21 158.40 Td (do ) Tj ET Q q 0 0 0 rg BT 307.57 158.40 Td (not ) Tj ET Q q 0 0 0 rg BT 319.17 158.40 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 351.63 158.40 Td (any ) Tj ET Q q 0 0 0 rg BT 364.55 158.40 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 402.35 158.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 425.49 158.40 Td (to ) Tj ET Q q 0 0 0 rg BT 433.08 158.40 Td (the ) Tj ET Q q 0 0 0 rg BT 444.22 158.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 486.02 158.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 521.16 158.40 Td (of ) Tj ET Q q 0 0 0 rg BT 529.19 158.40 Td (operations ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 148.80 Td (when ) Tj ET Q q 0 0 0 rg BT 69.52 148.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 103.76 148.80 Td (to ) Tj ET Q q 0 0 0 rg BT 112.67 148.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 144.69 148.80 Td (under ) Tj ET Q q 0 0 0 rg BT 165.60 148.80 Td (historical ) Tj ET Q q 0 0 0 rg BT 198.06 148.80 Td (guidance ) Tj ET Q q 0 0 0 rg BT 229.63 148.80 Td (and ) Tj ET Q q 0 0 0 rg BT 243.88 148.80 Td (do ) Tj ET Q q 0 0 0 rg BT 254.57 148.80 Td (not ) Tj ET Q q 0 0 0 rg BT 267.49 148.80 Td (expect ) Tj ET Q q 0 0 0 rg BT 291.06 148.80 Td (any ) Tj ET Q q 0 0 0 rg BT 305.30 148.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 329.77 148.80 Td (to ) Tj ET Q q 0 0 0 rg BT 338.69 148.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 355.59 148.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 376.07 148.80 Td (from ) Tj ET Q q 0 0 0 rg BT 394.31 148.80 Td (or ) Tj ET Q q 0 0 0 rg BT 403.67 148.80 Td (used ) Tj ET Q q 0 0 0 rg BT 421.03 148.80 Td (in ) Tj ET Q q 0 0 0 rg BT 429.95 148.80 Td (operating, ) Tj ET Q q 0 0 0 rg BT 464.85 148.80 Td (financing, ) Tj ET Q q 0 0 0 rg BT 499.76 148.80 Td (or ) Tj ET Q q 0 0 0 rg BT 509.11 148.80 Td (investing ) Tj ET Q q 0 0 0 rg BT 541.14 148.80 Td (on ) Tj ET Q q 0 0 0 rg BT 551.83 148.80 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 139.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 91.93 139.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 108.15 139.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 127.93 139.20 Td (statements. ) Tj ET Q q 0 0 0 rg BT 165.70 139.20 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 209.68 139.20 Td (there ) Tj ET Q q 0 0 0 rg BT 227.67 139.20 Td (will ) Tj ET Q q 0 0 0 rg BT 242.12 139.20 Td (be ) Tj ET Q q 0 0 0 rg BT 251.67 139.20 Td (no ) Tj ET Q q 0 0 0 rg BT 261.67 139.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 285.44 139.20 Td (on ) Tj ET Q q 0 0 0 rg BT 295.44 139.20 Td (the ) Tj ET Q q 0 0 0 rg BT 307.21 139.20 Td (covenants ) Tj ET Q q 0 0 0 rg BT 341.20 139.20 Td (under ) Tj ET Q q 0 0 0 rg BT 361.41 139.20 Td (our ) Tj ET Q q 0 0 0 rg BT 374.08 139.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 401.41 139.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 417.18 139.20 Td (agreements.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 123.60 Td (On ) Tj ET Q q 0 0 0 rg BT 61.31 123.60 Td (transition, ) Tj ET Q q 0 0 0 rg BT 95.56 123.60 Td (we ) Tj ET Q q 0 0 0 rg BT 106.92 123.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 129.82 123.60 Td (to ) Tj ET Q q 0 0 0 rg BT 138.07 123.60 Td (book ) Tj ET Q q 0 0 0 rg BT 156.10 123.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 204.34 123.60 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.60 123.60 Td (1) Tj ET Q q 0 0 0 rg BT 224.30 123.60 Td (1.9 ) Tj ET Q q 0 0 0 rg BT 236.33 123.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.44 123.60 Td ( ) Tj ET Q q 0 0 0 rg BT 261.47 123.60 Td (in ) Tj ET Q q 0 0 0 rg BT 269.73 123.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 301.97 123.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 319.99 123.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 351.79 123.60 Td (and ) Tj ET Q q 0 0 0 rg BT 365.37 123.60 Td (right ) Tj ET Q q 0 0 0 rg BT 382.51 123.60 Td (of ) Tj ET Q q 0 0 0 rg BT 391.21 123.60 Td (use ) Tj ET Q q 0 0 0 rg BT 403.90 123.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 424.59 123.60 Td (while ) Tj ET Q q 0 0 0 rg BT 444.40 123.60 Td (our ) Tj ET Q q 0 0 0 rg BT 457.09 123.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 494.22 123.60 Td (for ) Tj ET Q q 0 0 0 rg BT 505.58 123.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 528.93 123.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 550.06 123.60 Td (will ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 114.00 Td (remain ) Tj ET Q q 0 0 0 rg BT 73.71 114.00 Td (substantially ) Tj ET Q q 0 0 0 rg BT 116.15 114.00 Td (unchanged. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 98.40 Td (In ) Tj ET Q q 0 0 0 rg BT 57.97 98.40 Td (June ) Tj ET Q q 0 0 0 rg BT 74.44 98.40 Td (2016, ) Tj ET Q q 0 0 0 rg BT 94.24 98.40 Td (the ) Tj ET Q q 0 0 0 rg BT 105.82 98.40 Td (F) Tj ET Q q 0 0 0 rg BT 109.68 98.40 Td (ASB ) Tj ET Q q 0 0 0 rg BT 127.04 98.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 148.85 98.40 Td (new ) Tj ET Q q 0 0 0 rg BT 163.98 98.40 Td (guidance ) Tj ET Q q 0 0 0 rg BT 194.66 98.40 Td (to ) Tj ET Q q 0 0 0 rg BT 202.69 98.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 228.93 98.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 258.72 98.40 Td (statement ) Tj ET Q q 0 0 0 rg BT 291.18 98.40 Td (users ) Tj ET Q q 0 0 0 rg BT 309.43 98.40 Td (with ) Tj ET Q q 0 0 0 rg BT 325.45 98.40 Td (more ) Tj ET Q q 0 0 0 rg BT 343.70 98.40 Td (information ) Tj ET Q q 0 0 0 rg BT 383.27 98.40 Td (about ) Tj ET Q q 0 0 0 rg BT 402.85 98.40 Td (the ) Tj ET Q q 0 0 0 rg BT 414.43 98.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 444.66 98.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 464.67 98.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 485.59 98.40 Td (on ) Tj ET Q q 0 0 0 rg BT 495.39 98.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.18 98.40 Td (instruments ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 88.80 Td (and ) Tj ET Q q 0 0 0 rg BT 63.13 88.80 Td (other ) Tj ET Q q 0 0 0 rg BT 81.64 88.80 Td (commitments ) Tj ET Q q 0 0 0 rg BT 127.27 88.80 Td (to ) Tj ET Q q 0 0 0 rg BT 135.57 88.80 Td (extend ) Tj ET Q q 0 0 0 rg BT 158.97 88.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 179.25 88.80 Td (held ) Tj ET Q q 0 0 0 rg BT 195.10 88.80 Td (by ) Tj ET Q q 0 0 0 rg BT 205.18 88.80 Td (a ) Tj ET Q q 0 0 0 rg BT 210.81 88.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 242.21 88.80 Td (entity ) Tj ET Q q 0 0 0 rg BT 262.50 88.80 Td (at ) Tj ET Q q 0 0 0 rg BT 270.35 88.80 Td (each ) Tj ET Q q 0 0 0 rg BT 287.08 88.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 318.48 88.80 Td (date. ) Tj ET Q q 0 0 0 rg BT 335.73 88.80 Td (The ) Tj ET Q q 0 0 0 rg BT 350.24 88.80 Td (amendments ) Tj ET Q q 0 0 0 rg BT 392.75 88.80 Td (replace ) Tj ET Q q 0 0 0 rg BT 417.92 88.80 Td (the ) Tj ET Q q 0 0 0 rg BT 429.77 88.80 Td (incurred ) Tj ET Q q 0 0 0 rg BT 458.50 88.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 473.02 88.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 511.98 88.80 Td (methodology ) Tj ET Q q 0 0 0 rg BT 556.27 88.80 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 79.20 Td (the ) Tj ET Q q 0 0 0 rg BT 60.64 79.20 Td (current ) Tj ET Q q 0 0 0 rg BT 84.66 79.20 Td (guidance ) Tj ET Q q 0 0 0 rg BT 114.91 79.20 Td (with ) Tj ET Q q 0 0 0 rg BT 130.50 79.20 Td (a ) Tj ET Q q 0 0 0 rg BT 135.42 79.20 Td (methodology ) Tj ET Q q 0 0 0 rg BT 179.00 79.20 Td (that ) Tj ET Q q 0 0 0 rg BT 192.37 79.20 Td (reflects ) Tj ET Q q 0 0 0 rg BT 217.27 79.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 247.07 79.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 266.65 79.20 Td (losses ) Tj ET Q q 0 0 0 rg BT 287.13 79.20 Td (and ) Tj ET Q q 0 0 0 rg BT 300.05 79.20 Td (requires ) Tj ET Q q 0 0 0 rg BT 327.18 79.20 Td (consideration ) Tj ET Q q 0 0 0 rg BT 371.65 79.20 Td (of ) Tj ET Q q 0 0 0 rg BT 379.68 79.20 Td (a ) Tj ET Q q 0 0 0 rg BT 384.60 79.20 Td (broader ) Tj ET Q q 0 0 0 rg BT 410.40 79.20 Td (range ) Tj ET Q q 0 0 0 rg BT 429.53 79.20 Td (of ) Tj ET Q q 0 0 0 rg BT 437.56 79.20 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 473.13 79.20 Td (and ) Tj ET Q q 0 0 0 rg BT 486.05 79.20 Td (supportable ) Tj ET Q 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Q q 0 0 0 rg BT 372.18 638.40 Td (presented. ) Tj ET Q q 0 0 0 rg BT 406.31 638.40 Td (Assets ) Tj ET Q q 0 0 0 rg BT 429.10 638.40 Td (held ) Tj ET Q q 0 0 0 rg BT 444.78 638.40 Td (for ) Tj ET Q q 0 0 0 rg BT 456.01 638.40 Td (sale ) Tj ET Q q 0 0 0 rg BT 470.35 638.40 Td (and ) Tj ET Q q 0 0 0 rg BT 483.80 638.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 515.48 638.40 Td (held ) Tj ET Q q 0 0 0 rg BT 531.15 638.40 Td (for ) Tj ET Q q 0 0 0 rg BT 542.38 638.40 Td (sale ) Tj ET Q q 0 0 0 rg BT 556.72 638.40 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 628.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.79 628.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 112.79 628.80 Td ( ) Tj ET Q q 0 0 0 rg BT 115.22 628.80 Td (represent ) Tj ET Q q 0 0 0 rg BT 146.96 628.80 Td (the ) Tj ET Q q 0 0 0 rg BT 159.16 628.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 180.25 628.80 Td (and ) Tj ET Q q 0 0 0 rg BT 194.23 628.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 226.43 628.80 Td (of ) Tj ET Q q 0 0 0 rg BT 235.52 628.80 Td (our ) Tj ET Q q 0 0 0 rg BT 248.61 628.80 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 278.59 628.80 Td (operations. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.34 628.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 342.75 628.80 Td (/ ) Tj ET Q q 0 0 0 rg BT 347.40 628.80 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 367.61 628.80 Td (from ) Tj ET Q q 0 0 0 rg BT 385.58 628.80 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 428.89 628.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 466.65 628.80 Td (net ) Tj ET Q q 0 0 0 rg BT 478.85 628.80 Td (of ) Tj ET Q q 0 0 0 rg BT 487.94 628.80 Td (tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.71 628.80 Td ( ) Tj ET Q q 0 0 0 rg BT 500.14 628.80 Td (for ) Tj ET Q q 0 0 0 rg BT 511.89 628.80 Td (the ) Tj ET Q q 0 0 0 rg BT 524.09 628.80 Td (years ) Tj ET Q q 0 0 0 rg BT 543.40 628.80 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 619.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.16 619.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 112.16 619.20 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 115.95 619.20 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 131.95 619.20 Td ( ) Tj ET Q q 0 0 0 rg BT 133.73 619.20 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 147.07 619.20 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 163.07 619.20 Td ( ) Tj ET Q q 0 0 0 rg BT 164.86 619.20 Td (represent ) Tj ET Q q 0 0 0 rg BT 195.97 619.20 Td (the ) Tj ET Q q 0 0 0 rg BT 207.53 619.20 Td (results ) Tj ET Q q 0 0 0 rg BT 230.21 619.20 Td (of ) Tj ET Q q 0 0 0 rg BT 238.66 619.20 Td (our ) Tj ET Q q 0 0 0 rg BT 251.11 619.20 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 280.45 619.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 317.56 619.20 Td (including ) Tj ET Q q 0 0 0 rg BT 349.57 619.20 Td (the ) Tj ET Q q 0 0 0 rg BT 361.13 619.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 376.70 619.20 Td (on ) Tj ET Q q 0 0 0 rg BT 386.48 619.20 Td (sale. ) Tj ET Q q 0 0 0 rg BT 402.71 619.20 Td (For ) Tj ET Q q 0 0 0 rg BT 415.61 619.20 Td (the ) Tj ET Q q 0 0 0 rg BT 427.18 619.20 Td (year ) Tj ET Q q 0 0 0 rg BT 442.73 619.20 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.62 619.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 510.28 619.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.28 619.20 Td (, ) Tj ET Q q 0 0 0 rg BT 530.07 619.20 Td (the ) Tj ET Q q 0 0 0 rg BT 541.63 619.20 Td (results ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 609.60 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 609.60 Td (our ) Tj ET Q q 0 0 0 rg BT 70.83 609.60 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 100.38 609.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 135.70 609.60 Td (are ) Tj ET Q q 0 0 0 rg BT 147.46 609.60 Td (through ) Tj ET Q q 0 0 0 rg BT 174.35 609.60 Td (the ) Tj ET Q q 0 0 0 rg BT 186.13 609.60 Td (date ) Tj ET Q q 0 0 0 rg BT 201.45 609.60 Td (of ) Tj ET Q q 0 0 0 rg BT 210.11 609.60 Td (sale.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 594.00 Td (The ) Tj ET Q q 0 0 0 rg BT 64.19 594.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 93.09 594.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 122.45 594.00 Td (of ) Tj ET Q q 0 0 0 rg BT 131.37 594.00 Td (the ) Tj ET Q q 0 0 0 rg BT 143.39 594.00 Td (major ) Tj ET Q q 0 0 0 rg BT 164.30 594.00 Td (classes ) Tj ET Q q 0 0 0 rg BT 188.77 594.00 Td (of ) Tj ET Q q 0 0 0 rg BT 197.68 594.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 218.60 594.00 Td (and ) Tj ET Q q 0 0 0 rg BT 232.40 594.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 264.42 594.00 Td (of ) Tj ET Q q 0 0 0 rg BT 273.34 594.00 Td (our ) Tj ET Q q 0 0 0 rg BT 286.25 594.00 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 329.39 594.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 364.96 594.00 Td (that ) Tj ET Q q 0 0 0 rg BT 379.21 594.00 Td (are ) Tj ET Q q 0 0 0 rg BT 391.23 594.00 Td (classified ) Tj ET Q q 0 0 0 rg BT 423.69 594.00 Td (as ) Tj ET Q q 0 0 0 rg BT 432.60 594.00 Td (held ) Tj ET Q q 0 0 0 rg BT 448.63 594.00 Td (for ) Tj ET Q q 0 0 0 rg BT 460.21 594.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 474.90 594.00 Td (in ) Tj ET Q q 0 0 0 rg BT 483.37 594.00 Td (the ) Tj ET Q q 0 0 0 rg BT 495.39 594.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 538.08 594.00 Td (balance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 584.40 Td (sheets ) Tj ET Q q 0 0 0 rg BT 71.05 584.40 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 78.82 584.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 125.69 584.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.69 584.40 Td ( ) Tj ET Q q 0 0 0 rg BT 143.69 584.40 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 157.24 584.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 204.11 584.40 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.11 584.40 Td ( ) Tj ET Q q 0 0 0 rg BT 222.11 584.40 Td (were:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 534.90 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 534.90 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 534.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 534.90 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 508.90 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 508.90 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 508.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 508.90 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 482.90 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 482.90 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 482.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 482.90 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 443.90 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 443.90 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 443.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 443.90 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 417.90 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 417.90 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 417.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 417.90 90.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378 560.9 m 468 560.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472 560.9 m 562 560.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 482.9 m 468 482.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 470.9 m 468 470.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 468.9 m 468 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 482.9 m 562 482.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 470.9 m 562 470.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 468.9 m 562 468.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 417.9 m 468 417.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 405.9 m 468 405.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 403.9 m 468 403.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 417.9 m 562 417.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 405.9 m 562 405.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 403.9 m 562 403.9 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 565.13 Td (December) Tj ET Q q 0 0 0 rg BT 434.57 565.13 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 565.13 Td (December) Tj ET Q q 0 0 0 rg BT 528.50 565.13 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 552.13 Td (Assets held for) Tj ET Q q 0 0 0 rg BT 101.65 552.13 Td ( sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 539.15 Td (Cash and cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.50 539.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.80 539.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.50 539.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 539.15 Td (4,939) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 526.15 Td (Accounts receivable, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.80 526.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 526.15 Td (18,273) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 513.15 Td (Program rights, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.80 513.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 513.15 Td (26,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 500.15 Td (Property) Tj ET Q q 0 0 0 rg BT 84.79 500.15 Td (, plant and equipment, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.80 500.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 500.15 Td (7,169) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 487.15 Td (Other assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.80 487.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 487.15 Td (3,058) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 474.13 Td (T) Tj ET Q q 0 0 0 rg BT 56.47 474.13 Td (otal assets held for) Tj ET Q q 0 0 0 rg BT 119.36 474.13 Td ( sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 474.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.80 474.13 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 474.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 474.13 Td (59,693) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 448.13 Td (Liabilities held for) Tj ET Q q 0 0 0 rg BT 114.54 448.13 Td ( sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 435.15 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.50 435.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.80 435.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.50 435.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 435.15 Td (13,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 422.15 Td (Other liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.80 422.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 422.15 Td (362) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 409.13 Td (T) Tj ET Q q 0 0 0 rg BT 56.10 409.13 Td (otal liabilities held for) Tj ET Q q 0 0 0 rg BT 130.84 409.13 Td ( sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 409.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.80 409.13 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 409.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 409.13 Td (14,256) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 389.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 75.49 389.80 Td (/ ) Tj ET Q q 0 0 0 rg BT 79.71 389.80 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 99.49 389.80 Td (from ) Tj ET Q q 0 0 0 rg BT 117.04 389.80 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 159.92 389.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 197.25 389.80 Td (net ) Tj ET Q q 0 0 0 rg BT 209.02 389.80 Td (of ) Tj ET Q q 0 0 0 rg BT 217.68 389.80 Td (tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 227.46 389.80 Td ( ) Tj ET Q q 0 0 0 rg BT 229.46 389.80 Td (comprised ) Tj ET Q q 0 0 0 rg BT 264.78 389.80 Td (the ) Tj ET Q q 0 0 0 rg BT 276.55 389.80 Td (following ) Tj ET Q q 0 0 0 rg BT 309.66 389.80 Td (for ) Tj ET Q q 0 0 0 rg BT 320.99 389.80 Td (the ) Tj ET Q q 0 0 0 rg BT 332.77 389.80 Td (years ) Tj ET Q q 0 0 0 rg BT 351.64 389.80 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.75 389.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 419.61 389.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.61 389.80 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.61 389.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.61 389.80 Td ( ) Tj ET Q q 0 0 0 rg BT 457.61 389.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.16 389.80 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.16 389.80 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 353.30 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 353.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 353.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 353.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 353.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 353.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 327.30 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 327.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 327.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 327.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 327.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 327.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 301.30 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 301.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 301.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 301.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 301.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 301.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 275.30 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 275.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 275.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 275.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 275.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 275.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 249.30 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 249.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 249.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 249.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 249.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 249.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 223.30 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 223.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 223.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 223.30 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 223.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 223.30 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 366.29999999999995 m 434 366.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 366.29999999999995 m 438 366.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 366.29999999999995 m 498 366.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 366.29999999999995 m 502 366.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 366.29999999999995 m 562 366.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 366.29999999999995 m 434 366.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 353.29999999999995 m 434 353.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 366.29999999999995 m 498 366.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 353.29999999999995 m 498 353.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 366.29999999999995 m 562 366.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 353.29999999999995 m 562 353.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 353.29999999999995 m 434 353.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 353.29999999999995 m 498 353.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 353.29999999999995 m 562 353.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 314.29999999999995 m 434 314.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 314.29999999999995 m 498 314.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 314.29999999999995 m 562 314.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 314.29999999999995 m 434 314.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 314.29999999999995 m 498 314.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 314.29999999999995 m 562 314.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 275.29999999999995 m 434 275.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 275.29999999999995 m 498 275.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 275.29999999999995 m 562 275.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 275.29999999999995 m 434 275.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 275.29999999999995 m 498 275.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 275.29999999999995 m 562 275.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 249.29999999999995 m 434 249.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 249.29999999999995 m 498 249.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 249.29999999999995 m 562 249.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 223.29999999999995 m 434 223.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 223.29999999999995 m 498 223.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 223.29999999999995 m 562 223.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 223.29999999999995 m 434 223.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 211.29999999999995 m 434 211.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 209.29999999999995 m 434 209.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 223.29999999999995 m 498 223.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 211.29999999999995 m 498 211.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 209.29999999999995 m 498 209.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 223.29999999999995 m 562 223.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 211.29999999999995 m 562 211.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 209.29999999999995 m 562 209.29999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.60 370.53 Td (For) Tj ET Q q 0 0 0 rg BT 420.89 370.53 Td ( ) Tj ET Q q 0 0 0 rg BT 422.75 370.53 Td (The ) Tj ET Q q 0 0 0 rg BT 437.79 370.53 Td (Y) Tj ET Q q 0 0 0 rg BT 442.68 370.53 Td (ear) Tj ET Q q 0 0 0 rg BT 453.64 370.53 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 514.37 370.53 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 357.53 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.50 357.53 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 357.53 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 344.53 Td (Net r) Tj ET Q q 0 0 0 rg BT 68.97 344.53 Td (evenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 344.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 344.53 Td (36,885) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.50 344.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 344.53 Td (57,843) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.50 344.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 344.53 Td (55,007) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 331.53 Td (Cost of r) Tj ET Q q 0 0 0 rg BT 81.20 331.53 Td (evenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 331.53 Td (23,863) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 331.53 Td (38,766) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 331.53 Td (41,345) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 318.55 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.80 318.55 Td (6,853) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 318.55 Td (13,572) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 318.55 Td (7,81) Tj ET Q q 0 0 0 rg BT 554.80 318.55 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 305.53 Td (Operating income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 305.53 Td (6,169) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.80 305.53 Td (5,505) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 305.53 Td (5,851) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 292.55 Td (Interest expense ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 111.25 296.18 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.10 292.55 Td (\(2,766) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 292.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 292.55 Td (\(6,024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 292.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 292.55 Td (\(5,846) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 292.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 279.55 Td (Other non-operating income / \(expense\), net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.80 279.55 Td (126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 279.55 Td (109) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 279.55 Td (\(245) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 279.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 266.53 Td (Income / \(loss\) fr) Tj ET Q q 0 0 0 rg BT 108.97 266.53 Td (om discontinued operations, befor) Tj ET Q q 0 0 0 rg BT 225.28 266.53 Td (e tax, befor) Tj ET Q q 0 0 0 rg BT 263.56 266.53 Td (e gain on sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 266.53 Td (3,529) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.10 266.53 Td (\(410) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 266.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.10 266.53 Td (\(240) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 266.53 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 253.55 Td (Gain on sale of divested businesses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 253.55 Td (58,442) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.80 253.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 253.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 240.53 Td (Income / \(loss\) fr) Tj ET Q q 0 0 0 rg BT 108.97 240.53 Td (om discontinued operations, befor) Tj ET Q q 0 0 0 rg BT 225.28 240.53 Td (e tax) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 240.53 Td (61,971) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.10 240.53 Td (\(410) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 240.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.10 240.53 Td (\(240) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 240.53 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 227.55 Td (Provision for income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.10 227.55 Td (\(1,423) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 227.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 227.55 Td (\(1,226) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 227.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 227.55 Td (\(678) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 227.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 214.53 Td (Income / \(loss\) fr) Tj ET Q q 0 0 0 rg BT 108.90 214.53 Td (om discontinued operations, net of tax) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 214.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 214.53 Td (60,548) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.50 214.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.10 214.53 Td (\(1,636) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 214.53 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.50 214.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.10 214.53 Td (\(918) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 214.53 Td (\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 201.83 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.56 198.20 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 198.20 Td (For ) Tj ET Q q 0 0 0 rg BT 75.67 198.20 Td (the ) Tj ET Q q 0 0 0 rg BT 86.99 198.20 Td (years ) Tj ET Q q 0 0 0 rg BT 105.42 198.20 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 126.07 198.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 172.49 198.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.49 198.20 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.04 198.20 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.04 198.20 Td ( ) Tj ET Q q 0 0 0 rg BT 209.60 198.20 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.70 198.20 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.70 198.20 Td (, ) Tj ET Q q 0 0 0 rg BT 242.25 198.20 Td (we ) Tj ET Q q 0 0 0 rg BT 253.13 198.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 268.46 198.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.23 198.20 Td (7.0 ) Tj ET Q q 0 0 0 rg BT 295.79 198.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.90 198.20 Td (, ) Tj ET Q q 0 0 0 rg BT 322.45 198.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.23 198.20 Td (4.2 ) Tj ET Q q 0 0 0 rg BT 349.78 198.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.89 198.20 Td ( ) Tj ET Q q 0 0 0 rg BT 374.45 198.20 Td (and ) Tj ET Q q 0 0 0 rg BT 387.55 198.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.33 198.20 Td (6.8 ) Tj ET Q q 0 0 0 rg BT 414.88 198.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.99 198.20 Td (, ) Tj ET Q q 0 0 0 rg BT 441.54 198.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 479.67 198.20 Td (, ) Tj ET Q q 0 0 0 rg BT 483.22 198.20 Td (of ) Tj ET Q q 0 0 0 rg BT 491.44 198.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 516.54 198.20 Td (and ) Tj ET Q q 0 0 0 rg BT 529.64 198.20 Td (Guarantee ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 188.60 Td (Fees ) Tj ET Q q 0 0 0 rg BT 79.68 188.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 114.57 188.60 Td (with ) Tj ET Q q 0 0 0 rg BT 130.81 188.60 Td (the ) Tj ET Q q 0 0 0 rg BT 142.60 188.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 160.61 188.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 178.18 188.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 196.63 188.60 Td (and ) Tj ET Q q 0 0 0 rg BT 210.20 188.60 Td (the ) Tj ET Q q 0 0 0 rg BT 221.99 188.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 240.00 188.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 257.57 188.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 276.02 188.60 Td (\(each ) Tj ET Q q 0 0 0 rg BT 295.36 188.60 Td (as ) Tj ET Q q 0 0 0 rg BT 304.04 188.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 330.04 188.60 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.28 188.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 355.84 188.60 Td (5, ) Tj ET Q q 0 0 0 rg BT 363.86 188.60 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 403.35 188.60 Td (Debt ) Tj ET Q q 0 0 0 rg BT 420.92 188.60 Td (and ) Tj ET Q q 0 0 0 rg BT 434.48 188.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 454.71 188.60 Td (Financing ) Tj ET Q q 0 0 0 rg BT 488.28 188.60 Td (Arrangements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.86 188.60 Td (\). ) Tj ET Q q 0 0 0 rg BT 543.40 188.60 Td (These ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 179.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 95.57 179.00 Td (were ) Tj ET Q q 0 0 0 rg BT 113.03 179.00 Td (allocated ) Tj ET Q q 0 0 0 rg BT 143.81 179.00 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.94 179.00 Td (Net ) Tj ET Q q 0 0 0 rg BT 165.40 179.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 181.53 179.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 211.88 179.00 Td (by ) Tj ET Q q 0 0 0 rg BT 221.79 179.00 Td (/ ) Tj ET Q q 0 0 0 rg BT 225.92 179.00 Td (\(used ) Tj ET Q q 0 0 0 rg BT 245.16 179.00 Td (in\) ) Tj ET Q q 0 0 0 rg BT 255.96 179.00 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 298.75 179.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 333.99 179.00 Td (- ) Tj ET Q q 0 0 0 rg BT 338.56 179.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 370.69 179.00 Td (activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.57 179.00 Td ( ) Tj ET Q q 0 0 0 rg BT 401.48 179.00 Td (in ) Tj ET Q q 0 0 0 rg BT 409.61 179.00 Td (our ) Tj ET Q q 0 0 0 rg BT 422.19 179.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 464.53 179.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 500.21 179.00 Td (of ) Tj ET Q q 0 0 0 rg BT 508.79 179.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 524.91 179.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 544.60 179.00 Td (as ) Tj ET Q q 0 0 0 rg BT 553.18 179.00 Td (we ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 169.40 Td (were ) Tj ET Q q 0 0 0 rg BT 80.32 169.40 Td (required ) Tj ET Q q 0 0 0 rg BT 108.75 169.40 Td (to ) Tj ET Q q 0 0 0 rg BT 116.75 169.40 Td (apply ) Tj ET Q q 0 0 0 rg BT 136.30 169.40 Td (the ) Tj ET Q q 0 0 0 rg BT 147.85 169.40 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 178.06 169.40 Td (from ) Tj ET Q q 0 0 0 rg BT 195.39 169.40 Td (the ) Tj ET Q q 0 0 0 rg BT 206.94 169.40 Td (Divestment ) Tj ET Q q 0 0 0 rg BT 245.47 169.40 Td (T) Tj ET Q q 0 0 0 rg BT 250.07 169.40 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 284.73 169.40 Td (towards ) Tj ET Q q 0 0 0 rg BT 311.83 169.40 Td (the ) Tj ET Q q 0 0 0 rg BT 323.38 169.40 Td (repayment ) Tj ET Q q 0 0 0 rg BT 358.92 169.40 Td (of ) Tj ET Q q 0 0 0 rg BT 367.36 169.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 382.91 169.40 Td (and ) Tj ET Q q 0 0 0 rg BT 396.24 169.40 Td (related ) Tj ET Q q 0 0 0 rg BT 419.78 169.40 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 458.99 169.40 Td (The ) Tj ET Q q 0 0 0 rg BT 473.20 169.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 498.52 169.40 Td (allocated ) Tj ET Q q 0 0 0 rg BT 529.17 169.40 Td (is ) Tj ET Q q 0 0 0 rg BT 536.29 169.40 Td (in ) Tj ET Q q 0 0 0 rg BT 544.29 169.40 Td (direct ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 159.80 Td (proportion ) Tj ET Q q 0 0 0 rg BT 98.77 159.80 Td (to ) Tj ET Q q 0 0 0 rg BT 107.00 159.80 Td (the ) Tj ET Q q 0 0 0 rg BT 118.77 159.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 144.77 159.80 Td (of ) Tj ET Q q 0 0 0 rg BT 153.43 159.80 Td (principal ) Tj ET Q q 0 0 0 rg BT 183.86 159.80 Td (repaid.) Tj ET Q endstream endobj 109 0 obj <>] /Rotate 0 /Contents 110 0 R>> endobj 110 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (51) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (4. ) Tj ET Q q 0 0 0 rg BT 67.50 723.60 Td (GOODWILL) Tj ET Q q 0 0 0 rg BT 113.29 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 114.85 723.60 Td (AND ) Tj ET Q q 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rg BT 207.60 659.13 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.05 667.13 Td (Czech) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.15 659.13 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.90 659.13 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.90 667.13 Td (Slovak) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.15 659.13 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.05 659.13 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 659.13 Td (T) Tj ET Q q 0 0 0 rg BT 528.35 659.13 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 646.13 Td (Gr) Tj ET Q q 0 0 0 rg BT 61.20 646.13 Td (oss Balance, December) Tj ET Q q 0 0 0 rg BT 139.04 646.13 Td ( 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.50 646.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.75 646.13 Td (171,389) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.50 646.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.75 646.13 Td (744,483) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 646.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 646.13 Td (82,786) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 646.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 646.13 Td (46,089) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 646.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.80 646.13 Td (19,400) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.50 646.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 646.13 Td (1,064,147) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 633.15 Td (Accumulated impairment losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.10 633.15 Td (\(144,639) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.80 633.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.10 633.15 Td (\(287,545) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.80 633.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.10 633.15 Td (\(1) Tj ET Q q 0 0 0 rg BT 354.76 633.15 Td (1,028) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 633.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.80 633.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.10 633.15 Td (\(19,400) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.80 633.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 633.15 Td (\(462,612) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 633.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 620.13 Td (Balance, December) Tj ET Q q 0 0 0 rg BT 117.18 620.13 Td ( 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.80 620.13 Td (26,750) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.75 620.13 Td (456,938) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 620.13 Td (71,758) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 620.13 Td (46,089) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.80 620.13 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.75 620.13 Td (601,535) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 607.15 Td (Foreign currency) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.80 607.15 Td (3,682) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.80 607.15 Td (93,249) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 607.15 Td (7,519) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.80 607.15 Td (6,374) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 607.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.75 607.15 Td (1) Tj ET Q q 0 0 0 rg BT 536.75 607.15 Td (10,824) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 594.13 Td (Balance, December) Tj ET Q q 0 0 0 rg BT 117.18 594.13 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.80 594.13 Td (30,432) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.75 594.13 Td (550,187) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 594.13 Td (79,277) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 594.13 Td (52,463) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.80 594.13 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.75 594.13 Td (712,359) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 581.15 Td (Accumulated impairment losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.10 581.15 Td (\(144,639) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.80 581.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.10 581.15 Td (\(287,545) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.80 581.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.10 581.15 Td (\(1) Tj ET Q q 0 0 0 rg BT 354.76 581.15 Td (1,028) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 581.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.80 581.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.10 581.15 Td (\(19,400) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.80 581.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 581.15 Td (\(462,612) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 581.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 568.13 Td (Gr) Tj ET Q q 0 0 0 rg BT 61.13 568.13 Td (oss Balance, December) Tj ET Q q 0 0 0 rg BT 138.96 568.13 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.50 568.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.75 568.13 Td (175,071) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.50 568.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.75 568.13 Td (837,732) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 568.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 568.13 Td (90,305) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 568.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 568.13 Td (52,463) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 568.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.80 568.13 Td (19,400) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.50 568.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 568.13 Td (1,174,971) Tj ET Q BT /F1 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 529.90 145.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 529.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 529.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.00 529.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 529.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 529.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 529.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 529.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 529.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 529.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 529.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 529.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 503.90 145.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 503.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 503.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.00 503.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 503.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 503.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 503.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 503.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 503.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 503.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 503.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 503.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 477.90 145.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 477.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 477.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.00 477.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 477.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 477.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 477.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 477.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 477.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 477.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 477.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 477.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 451.90 145.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 451.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 451.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.00 451.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 451.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 451.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 451.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 451.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 451.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 451.90 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 451.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 451.90 58.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 194 529.9 m 252 529.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256 529.9 m 314 529.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 318 529.9 m 376 529.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 380 529.9 m 438 529.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442 529.9 m 500 529.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504 529.9 m 562 529.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 194 529.9 m 252 529.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442 529.9 m 500 529.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 503.9 m 500 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 503.9 m 562 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 503.9 m 252 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 503.9 m 314 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 503.9 m 376 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 503.9 m 438 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 503.9 m 500 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 477.9 m 500 477.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 477.9 m 252 477.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 477.9 m 314 477.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 477.9 m 376 477.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 477.9 m 438 477.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 477.9 m 500 477.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 477.9 m 562 477.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 451.9 m 500 451.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 451.9 m 252 451.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 439.9 m 252 439.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 437.9 m 252 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 451.9 m 314 451.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 439.9 m 314 439.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 437.9 m 314 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 451.9 m 376 451.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 439.9 m 376 439.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 437.9 m 376 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 451.9 m 438 451.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 439.9 m 438 439.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 437.9 m 438 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 451.9 m 500 451.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 439.9 m 500 439.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 437.9 m 500 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 451.9 m 562 451.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 439.9 m 562 439.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 437.9 m 562 437.9 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 207.60 534.13 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.05 542.13 Td (Czech) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.15 534.13 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.90 534.13 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.90 542.13 Td (Slovak) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.15 534.13 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.05 534.13 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 534.13 Td (T) Tj ET Q q 0 0 0 rg BT 528.35 534.13 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 521.13 Td (Gr) Tj ET Q q 0 0 0 rg BT 61.20 521.13 Td (oss Balance, December) Tj ET Q q 0 0 0 rg BT 139.04 521.13 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.50 521.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.75 521.13 Td (175,071) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.50 521.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.75 521.13 Td (837,732) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 521.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 521.13 Td (90,305) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 521.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 521.13 Td (52,463) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 521.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.80 521.13 Td (19,400) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.75 521.15 Td (1,174,971) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 508.15 Td (Accumulated impairment losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.10 508.15 Td (\(144,639) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.80 508.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.10 508.15 Td (\(287,545) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.80 508.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.10 508.15 Td (\(1) Tj ET Q q 0 0 0 rg BT 354.76 508.15 Td (1,028) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 508.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.80 508.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.10 508.15 Td (\(19,400) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.80 508.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 508.15 Td (\(462,612) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 508.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 495.13 Td (Balance, December) Tj ET Q q 0 0 0 rg BT 117.18 495.13 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.80 495.13 Td (30,432) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.75 495.13 Td (550,187) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 495.13 Td (79,277) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 495.13 Td (52,463) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.80 495.13 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.75 495.13 Td (712,359) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 482.15 Td (Foreign currency) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.10 482.15 Td (\(1,377) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.80 482.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.10 482.15 Td (\(28,762) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.80 482.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.10 482.15 Td (\(3,505) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 482.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.10 482.15 Td (\(2,382) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.80 482.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.80 482.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 482.15 Td (\(36,026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 482.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 469.13 Td (Balance, December) Tj ET Q q 0 0 0 rg BT 117.18 469.13 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.80 469.13 Td (29,055) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.75 469.13 Td (521,425) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 469.13 Td (75,772) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 469.13 Td (50,081) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.80 469.13 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.75 469.13 Td (676,333) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 456.15 Td (Accumulated impairment losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.10 456.15 Td (\(144,639) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.80 456.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.10 456.15 Td (\(287,545) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.80 456.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.10 456.15 Td (\(1) Tj ET Q q 0 0 0 rg BT 354.76 456.15 Td (1,028) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 456.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.80 456.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.10 456.15 Td (\(19,400) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.80 456.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 456.15 Td (\(462,612) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 456.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 443.13 Td (Gr) Tj ET Q q 0 0 0 rg BT 61.13 443.13 Td (oss Balance, December) Tj ET Q q 0 0 0 rg BT 138.96 443.13 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.50 443.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.75 443.13 Td (173,694) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.50 443.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.75 443.13 Td (808,970) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 443.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 443.13 Td (86,800) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 443.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 443.13 Td (50,081) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.50 443.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.80 443.13 Td (19,400) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.50 443.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 443.13 Td (1,138,945) Tj ET Q BT /F1 8.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 420.80 Td (Other) Tj ET Q q 0 0 0 rg BT 69.79 420.80 Td ( ) Tj ET Q q 0 0 0 rg BT 71.79 420.80 Td (intangible ) Tj ET Q q 0 0 0 rg BT 108.02 420.80 Td (assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 405.20 Td (Changes ) Tj ET Q q 0 0 0 rg BT 79.05 405.20 Td (in ) Tj ET Q q 0 0 0 rg BT 87.27 405.20 Td (the ) Tj ET Q q 0 0 0 rg BT 99.05 405.20 Td (net ) Tj ET Q q 0 0 0 rg BT 110.82 405.20 Td (book ) Tj ET Q q 0 0 0 rg BT 128.82 405.20 Td (value ) Tj ET Q q 0 0 0 rg BT 148.14 405.20 Td (of ) Tj ET Q q 0 0 0 rg BT 156.81 405.20 Td (our ) Tj ET Q q 0 0 0 rg BT 169.47 405.20 Td (other ) Tj ET Q q 0 0 0 rg BT 187.91 405.20 Td (intangible ) Tj ET Q q 0 0 0 rg BT 221.90 405.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 242.57 405.20 Td (as ) Tj ET Q q 0 0 0 rg BT 251.23 405.20 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.00 405.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 305.87 405.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.87 405.20 Td ( ) Tj ET Q q 0 0 0 rg BT 323.87 405.20 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.42 405.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 384.29 405.20 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.29 405.20 Td ( ) Tj ET Q q 0 0 0 rg BT 402.29 405.20 Td (was ) Tj ET Q q 0 0 0 rg BT 416.73 405.20 Td (as ) Tj ET Q q 0 0 0 rg BT 425.39 405.20 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 344.70 109.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 158.00 344.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 344.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 344.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 344.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 344.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 344.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 344.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 344.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 344.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 344.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 344.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 318.70 109.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 158.00 318.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 318.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 318.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 318.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 318.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 318.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 318.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 318.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 318.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 318.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 318.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 292.70 109.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 158.00 292.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 292.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 292.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 292.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 292.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 292.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 292.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 292.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 292.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 292.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 292.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 266.70 109.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 158.00 266.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 266.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 266.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 266.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 266.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 266.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 266.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 266.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 266.70 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 266.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 266.70 64.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 158 378.70000000000005 m 222 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 222 378.70000000000005 m 226 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 226 378.70000000000005 m 290 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 290 378.70000000000005 m 294 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 294 378.70000000000005 m 358 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362 378.70000000000005 m 426 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 426 378.70000000000005 m 430 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 430 378.70000000000005 m 494 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 494 378.70000000000005 m 498 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 378.70000000000005 m 562 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 158 357.70000000000005 m 222 357.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 222 378.70000000000005 m 226 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 226 378.70000000000005 m 290 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 226 357.70000000000005 m 290 357.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 290 378.70000000000005 m 294 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 294 378.70000000000005 m 358 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 294 357.70000000000005 m 358 357.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362 378.70000000000005 m 426 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362 357.70000000000005 m 426 357.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 426 378.70000000000005 m 430 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 430 378.70000000000005 m 494 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 430 357.70000000000005 m 494 357.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 494 378.70000000000005 m 498 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 378.70000000000005 m 562 378.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 357.70000000000005 m 562 357.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 266.70000000000005 m 222 266.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 266.70000000000005 m 290 266.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 266.70000000000005 m 358 266.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 266.70000000000005 m 426 266.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430 266.70000000000005 m 494 266.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 266.70000000000005 m 562 266.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 266.70000000000005 m 222 266.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 254.70000000000005 m 222 254.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 252.70000000000005 m 222 252.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 266.70000000000005 m 290 266.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 254.70000000000005 m 290 254.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 252.70000000000005 m 290 252.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 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254.70000000000005 m 562 254.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 252.70000000000005 m 562 252.70000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.25 382.93 Td (December) Tj ET Q q 0 0 0 rg BT 259.82 382.93 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.25 382.93 Td (December) Tj ET Q q 0 0 0 rg BT 463.82 382.93 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.55 361.93 Td (Gr) Tj ET Q q 0 0 0 rg BT 189.25 361.93 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.80 369.93 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.60 361.93 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.50 361.93 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.55 361.93 Td (Gr) Tj ET Q q 0 0 0 rg BT 393.25 361.93 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 369.93 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.60 361.93 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 361.93 Td 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ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.50 257.93 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.15 257.93 Td (136,052) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.50 257.93 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.15 257.93 Td (374,669) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.50 257.93 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.10 257.93 Td (\(222,692) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 257.93 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.50 257.93 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.15 257.93 Td (151,977) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 238.60 Td (Broadcast ) Tj ET Q q 0 0 0 rg BT 83.60 238.60 Td (licenses ) Tj ET Q q 0 0 0 rg BT 111.04 238.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 135.38 238.60 Td (of ) Tj ET Q q 0 0 0 rg BT 144.16 238.60 Td (our ) Tj ET Q q 0 0 0 rg BT 156.79 238.60 Td (TV) Tj ET Q q 0 0 0 rg BT 167.31 238.60 Td ( ) Tj ET Q q 0 0 0 rg BT 169.43 238.60 Td (NOV) Tj ET Q q 0 0 0 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8.00 Tf ET q 0 0 0 rg BT 49.50 229.00 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 229.00 Td (2025. ) Tj ET Q q 0 0 0 rg BT 77.72 229.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.16 229.00 Td (customer ) Tj ET Q q 0 0 0 rg BT 123.49 229.00 Td (relationships ) Tj ET Q q 0 0 0 rg BT 166.37 229.00 Td (are ) Tj ET Q q 0 0 0 rg BT 178.14 229.00 Td (deemed ) Tj ET Q q 0 0 0 rg BT 205.01 229.00 Td (to ) Tj ET Q q 0 0 0 rg BT 213.23 229.00 Td (have ) Tj ET Q q 0 0 0 rg BT 230.34 229.00 Td (an ) Tj ET Q q 0 0 0 rg BT 239.89 229.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 272.98 229.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 294.54 229.00 Td (life ) Tj ET Q q 0 0 0 rg BT 307.20 229.00 Td (of, ) Tj ET Q q 0 0 0 rg BT 317.86 229.00 Td (and ) Tj ET Q q 0 0 0 rg BT 331.41 229.00 Td (are ) Tj ET Q q 0 0 0 rg BT 343.18 229.00 Td (amortized ) Tj ET Q q 0 0 0 rg BT 377.16 229.00 Td (on ) Tj ET Q q 0 0 0 rg BT 387.16 229.00 Td (a ) Tj ET Q q 0 0 0 rg BT 392.71 229.00 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 433.37 229.00 Td 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Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 213.40 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 213.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 96.59 213.40 Td (amortization ) Tj ET Q q 0 0 0 rg BT 139.02 213.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 166.79 213.40 Td (for ) Tj ET Q q 0 0 0 rg BT 178.12 213.40 Td (the ) Tj ET Q q 0 0 0 rg BT 189.89 213.40 Td (succeeding ) Tj ET Q q 0 0 0 rg BT 227.43 213.40 Td (five ) Tj ET Q q 0 0 0 rg BT 241.87 213.40 Td (years ) Tj ET Q q 0 0 0 rg BT 260.75 213.40 Td (for ) Tj ET Q q 0 0 0 rg BT 272.07 213.40 Td (our ) Tj ET Q q 0 0 0 rg BT 284.74 213.40 Td (intangible ) Tj ET Q q 0 0 0 rg BT 318.73 213.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 339.39 213.40 Td (with ) Tj ET Q q 0 0 0 rg BT 355.62 213.40 Td (finite ) Tj ET Q q 0 0 0 rg BT 374.50 213.40 Td (lives ) Tj ET Q q 0 0 0 rg BT 391.61 213.40 Td (as ) Tj ET Q q 0 0 0 rg BT 400.27 213.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.94 213.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 455.80 213.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 213.40 Td ( ) Tj ET Q q 0 0 0 rg BT 473.80 213.40 Td (is ) Tj ET Q q 0 0 0 rg BT 481.14 213.40 Td (as ) Tj ET Q q 0 0 0 rg BT 489.80 213.40 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 202.90 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 202.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 176.90 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 176.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 150.90 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 150.90 70.00 -13.00 re f /GS0 gs BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 194.15 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.50 194.15 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 194.15 Td (8,374) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 181.15 Td (2020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 181.15 Td (8,1) Tj ET Q q 0 0 0 rg BT 550.80 181.15 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 168.15 Td (2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 168.15 Td (8,051) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 155.15 Td (2022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 155.15 Td (7,827) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 142.15 Td (2023) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 142.15 Td (7,827) Tj ET Q BT /F1 8.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 119.80 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 92.83 119.80 Td (of ) Tj ET Q q 0 0 0 rg BT 101.49 119.80 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 132.39 119.80 Td (and ) Tj ET Q q 0 0 0 rg BT 147.29 119.80 Td (other) Tj ET Q q 0 0 0 rg BT 165.36 119.80 Td ( ) Tj ET Q q 0 0 0 rg BT 167.36 119.80 Td (intangible ) Tj ET Q q 0 0 0 rg BT 203.59 119.80 Td (assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 104.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.40 104.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 88.17 104.20 Td (assessment ) Tj ET Q q 0 0 0 rg BT 126.18 104.20 Td (of ) Tj ET Q q 0 0 0 rg BT 135.30 104.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 174.63 104.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 203.74 104.20 Td (the ) Tj ET Q q 0 0 0 rg BT 215.97 104.20 Td (allocation ) Tj ET Q q 0 0 0 rg BT 249.97 104.20 Td (of ) Tj ET Q q 0 0 0 rg BT 259.09 104.20 Td (corporate ) Tj ET Q q 0 0 0 rg BT 291.74 104.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 307.97 104.20 Td (to ) Tj ET Q q 0 0 0 rg BT 316.65 104.20 Td (individual ) Tj ET Q q 0 0 0 rg BT 351.54 104.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 383.32 104.20 Td (units ) Tj ET Q q 0 0 0 rg BT 401.33 104.20 Td (based ) Tj ET Q q 0 0 0 rg BT 422.00 104.20 Td (on ) Tj ET Q q 0 0 0 rg BT 432.46 104.20 Td (their ) Tj ET Q q 0 0 0 rg BT 449.57 104.20 Td (relative ) Tj ET Q q 0 0 0 rg BT 476.01 104.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 489.57 104.20 Td (values. ) Tj ET Q q 0 0 0 rg BT 514.28 104.20 Td (This ) Tj ET Q q 0 0 0 rg BT 530.96 104.20 Td (allocation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 94.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 77.47 94.60 Td (in ) Tj ET Q q 0 0 0 rg BT 86.33 94.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 116.08 94.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 145.37 94.60 Td (values ) Tj ET Q q 0 0 0 rg BT 168.45 94.60 Td (for ) Tj ET Q q 0 0 0 rg BT 180.42 94.60 Td (the ) Tj ET Q q 0 0 0 rg BT 192.84 94.60 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 226.37 94.60 Td (the ) Tj ET Q q 0 0 0 rg BT 238.78 94.60 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 263.65 94.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 295.18 94.60 Td (and ) Tj ET Q q 0 0 0 rg BT 309.37 94.60 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 340.01 94.60 Td (segments ) Tj ET Q q 0 0 0 rg BT 372.43 94.60 Td (for ) Tj ET Q q 0 0 0 rg BT 384.40 94.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.82 94.60 Td (purpose ) Tj ET Q q 0 0 0 rg BT 424.79 94.60 Td (of ) Tj ET Q q 0 0 0 rg BT 434.10 94.60 Td (the ) Tj ET Q q 0 0 0 rg BT 446.51 94.60 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 486.71 94.60 Td (however) Tj ET Q q 0 0 0 rg BT 513.93 94.60 Td (, ) Tj ET Q q 0 0 0 rg BT 518.57 94.60 Td (none ) Tj ET Q q 0 0 0 rg BT 536.77 94.60 Td (of ) Tj ET Q q 0 0 0 rg BT 546.08 94.60 Td (these ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 85.00 Td (segments ) Tj ET Q q 0 0 0 rg BT 81.27 85.00 Td (were ) Tj ET Q q 0 0 0 rg BT 98.82 85.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 136.80 85.00 Td (to ) Tj ET Q q 0 0 0 rg BT 145.02 85.00 Td (be ) Tj ET Q q 0 0 0 rg BT 154.57 85.00 Td (impaired.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 69.40 Td (Upon ) Tj ET Q q 0 0 0 rg BT 69.40 69.40 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 106.19 69.40 Td (of ) Tj ET Q q 0 0 0 rg BT 114.98 69.40 Td (our ) Tj ET Q q 0 0 0 rg BT 127.77 69.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 151.22 69.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 190.23 69.40 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 229.91 69.40 Td (we ) Tj ET Q q 0 0 0 rg BT 241.36 69.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 279.47 69.40 Td (that ) Tj ET Q q 0 0 0 rg BT 293.60 69.40 Td (the ) Tj ET Q q 0 0 0 rg BT 305.50 69.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 318.73 69.40 Td (value ) Tj ET Q q 0 0 0 rg BT 338.18 69.40 Td (of ) Tj ET Q q 0 0 0 rg BT 346.97 69.40 Td (our ) Tj ET Q q 0 0 0 rg BT 359.76 69.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 391.21 69.40 Td (units ) Tj ET Q q 0 0 0 rg BT 408.90 69.40 Td (and ) Tj ET Q q 0 0 0 rg BT 422.57 69.40 Td (other ) Tj ET Q q 0 0 0 rg BT 441.14 69.40 Td (intangible ) Tj ET Q q 0 0 0 rg BT 475.26 69.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 496.05 69.40 Td (were ) Tj ET Q q 0 0 0 rg BT 513.72 69.40 Td (substantially ) Tj ET Q q 0 0 0 rg BT 556.29 69.40 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 59.80 Td (excess ) Tj ET Q q 0 0 0 rg BT 72.27 59.80 Td (of ) Tj ET Q q 0 0 0 rg BT 80.83 59.80 Td (their ) Tj ET Q q 0 0 0 rg BT 97.38 59.80 Td (respective ) Tj ET Q q 0 0 0 rg BT 131.70 59.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 160.25 59.80 Td (values. ) Tj ET Q q 0 0 0 rg BT 184.44 59.80 Td (W) Tj ET Q q 0 0 0 rg BT 191.35 59.80 Td (e ) Tj ET Q q 0 0 0 rg BT 196.80 59.80 Td (did ) Tj ET Q q 0 0 0 rg BT 208.91 59.80 Td (not ) Tj ET Q q 0 0 0 rg BT 221.03 59.80 Td (recognize ) Tj ET Q q 0 0 0 rg BT 254.01 59.80 Td (any ) Tj ET Q q 0 0 0 rg BT 267.46 59.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 306.23 59.80 Td (char) Tj ET Q q 0 0 0 rg BT 319.85 59.80 Td (ges ) Tj ET Q q 0 0 0 rg BT 332.41 59.80 Td (in ) Tj ET Q q 0 0 0 rg BT 340.53 59.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 365.07 59.80 Td (of ) Tj ET Q q 0 0 0 rg BT 373.63 59.80 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 403.97 59.80 Td (and ) Tj ET Q q 0 0 0 rg BT 417.41 59.80 Td (other ) Tj ET Q q 0 0 0 rg BT 435.74 59.80 Td (intangible ) Tj ET Q q 0 0 0 rg BT 469.63 59.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 490.19 59.80 Td (during ) Tj ET Q q 0 0 0 rg BT 512.97 59.80 Td (the ) Tj ET Q q 0 0 0 rg BT 524.63 59.80 Td (years ) Tj ET Q q 0 0 0 rg BT 543.41 59.80 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 50.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.37 50.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 112.37 50.20 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 116.37 50.20 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.37 50.20 Td ( ) Tj ET Q q 0 0 0 rg BT 134.37 50.20 Td (or ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.03 50.20 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 159.03 50.20 Td (. ) Tj ET Q q 0 0 0 rg BT 163.03 50.20 Td (See ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 176.58 50.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 194.13 50.20 Td (2, ) Tj ET Q q 0 0 0 rg BT 202.13 50.20 Td ("Basis ) Tj ET Q q 0 0 0 rg BT 224.73 50.20 Td (of ) Tj ET Q q 0 0 0 rg BT 233.40 50.20 Td (Presentation ) Tj ET Q q 0 0 0 rg BT 274.95 50.20 Td (and ) Tj ET Q q 0 0 0 rg BT 288.50 50.20 Td (Summary ) Tj ET Q q 0 0 0 rg BT 321.61 50.20 Td (of ) Tj ET Q q 0 0 0 rg BT 330.27 50.20 Td (Significant ) Tj ET Q q 0 0 0 rg BT 366.93 50.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 406.26 50.20 Td (Policies") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.86 50.20 Td ( ) Tj ET Q q 0 0 0 rg BT 436.86 50.20 Td (for ) Tj ET Q q 0 0 0 rg BT 448.18 50.20 Td (further ) Tj ET Q q 0 0 0 rg BT 471.95 50.20 Td (information.) Tj ET Q endstream endobj 111 0 obj <>] /Rotate 0 /Contents 112 0 R>> endobj 112 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (52) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (5. ) Tj ET Q q 0 0 0 rg BT 67.50 723.60 Td (LONG-TERM ) Tj ET Q q 0 0 0 rg BT 119.72 723.60 Td (DEBT) Tj ET Q q 0 0 0 rg BT 141.36 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 142.92 723.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 162.25 723.60 Td (OTHER ) Tj ET Q q 0 0 0 rg BT 193.15 723.60 Td (FINANCING ) Tj ET Q q 0 0 0 rg BT 240.93 723.60 Td (ARRANGEMENTS) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (Summary) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 684.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 684.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 684.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 684.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 658.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 658.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 658.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 658.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 632.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 632.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 632.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 632.50 90.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378 684.5 m 468 684.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472 684.5 m 562 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 658.5 m 468 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 658.5 m 562 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 632.5 m 468 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 620.5 m 468 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 618.5 m 468 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 632.5 m 562 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 620.5 m 562 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 618.5 m 562 618.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 688.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 688.73 Td (December) Tj ET Q q 0 0 0 rg BT 434.57 688.73 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 688.73 Td (December) Tj ET Q q 0 0 0 rg BT 528.50 688.73 Td ( 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 675.75 Td (Long-term debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.50 675.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.80 675.75 Td (772,339) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.50 675.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 675.75 Td (1,079,187) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 662.75 Td (Other credit facilities and capital leases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 662.75 Td (15,891) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 662.75 Td (10,193) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 649.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 649.73 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 649.73 Td (long-term ) Tj ET Q q 0 0 0 rg BT 107.75 649.73 Td (debt ) Tj ET Q q 0 0 0 rg BT 124.87 649.73 Td (and ) Tj ET Q q 0 0 0 rg BT 139.77 649.73 Td (other) Tj ET Q q 0 0 0 rg BT 157.91 649.73 Td ( ) Tj ET Q q 0 0 0 rg BT 159.84 649.73 Td (financing ) Tj ET Q q 0 0 0 rg BT 193.84 649.73 Td (arrangements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 649.73 Td (788,230) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.80 649.73 Td (1,089,380) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 636.75 Td (Less: current maturities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.10 636.75 Td (\(5,545) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 636.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 636.75 Td (\(3,269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 636.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 623.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 623.73 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 623.73 Td (non-curr) Tj ET Q q 0 0 0 rg BT 102.51 623.73 Td (ent ) Tj ET Q q 0 0 0 rg BT 115.17 623.73 Td (long-term ) Tj ET Q q 0 0 0 rg BT 150.94 623.73 Td (debt ) Tj ET Q q 0 0 0 rg BT 168.05 623.73 Td (and ) Tj ET Q q 0 0 0 rg BT 182.95 623.73 Td (other) Tj ET Q q 0 0 0 rg BT 201.02 623.73 Td ( ) Tj ET Q q 0 0 0 rg BT 203.02 623.73 Td (financing ) Tj ET Q q 0 0 0 rg BT 237.03 623.73 Td (arrangements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 623.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 623.73 Td (782,685) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 623.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.80 623.73 Td (1,086,1) Tj ET Q q 0 0 0 rg BT 550.80 623.73 Td (1) Tj ET Q q 0 0 0 rg BT 554.80 623.73 Td (1) Tj ET Q BT /F1 8.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 604.40 Td (Financing ) Tj ET Q q 0 0 0 rg BT 85.59 604.40 Td (T) Tj ET Q q 0 0 0 rg BT 90.33 604.40 Td (ransactions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 588.80 Td (On ) Tj ET Q q 0 0 0 rg BT 60.47 588.80 Td (February ) Tj ET Q q 0 0 0 rg BT 90.55 588.80 Td (5, ) Tj ET Q q 0 0 0 rg BT 97.75 588.80 Td (2018, ) Tj ET Q q 0 0 0 rg BT 116.95 588.80 Td (we ) Tj ET Q q 0 0 0 rg BT 127.47 588.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 152.21 588.80 Td (into ) Tj ET Q q 0 0 0 rg BT 165.85 588.80 Td (an ) Tj ET Q q 0 0 0 rg BT 174.60 588.80 Td (amendment ) Tj ET Q q 0 0 0 rg BT 213.12 588.80 Td (to ) Tj ET Q q 0 0 0 rg BT 220.54 588.80 Td (extend ) Tj ET Q q 0 0 0 rg BT 243.06 588.80 Td (the ) Tj ET Q q 0 0 0 rg BT 254.03 588.80 Td (maturity ) Tj ET Q q 0 0 0 rg BT 282.33 588.80 Td (date ) Tj ET Q q 0 0 0 rg BT 296.85 588.80 Td (of ) Tj ET Q q 0 0 0 rg BT 304.71 588.80 Td (the ) Tj ET Q q 0 0 0 rg BT 315.68 588.80 Td (2019 ) Tj ET Q q 0 0 0 rg BT 332.88 588.80 Td (Euro ) Tj ET Q q 0 0 0 rg BT 349.63 588.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 367.26 588.80 Td (from ) Tj ET Q q 0 0 0 rg BT 384.01 588.80 Td (November1,2018 ) Tj ET Q q 0 0 0 rg BT 444.97 588.80 Td (to ) Tj ET Q q 0 0 0 rg BT 452.39 588.80 Td (May ) Tj ET Q q 0 0 0 rg BT 468.26 588.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 475.45 588.80 Td (2019. ) Tj ET Q q 0 0 0 rg BT 494.65 588.80 Td (On ) Tj ET Q q 0 0 0 rg BT 505.63 588.80 Td (February6,2018, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 579.20 Td (we ) Tj ET Q q 0 0 0 rg BT 60.83 579.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 76.60 579.20 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 94.60 579.20 Td (50.0 ) Tj ET Q q 0 0 0 rg BT 110.60 579.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 133.71 579.20 Td ( ) Tj ET Q q 0 0 0 rg BT 135.71 579.20 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 186.59 579.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 202.81 579.20 Td (61.6 ) Tj ET Q q 0 0 0 rg BT 218.81 579.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.93 579.20 Td ( ) Tj ET Q q 0 0 0 rg BT 243.93 579.20 Td (at ) Tj ET Q q 0 0 0 rg BT 251.70 579.20 Td (February ) Tj ET Q q 0 0 0 rg BT 282.58 579.20 Td (6, ) Tj ET Q q 0 0 0 rg BT 290.58 579.20 Td (2018 ) Tj ET Q q 0 0 0 rg BT 308.58 579.20 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 328.34 579.20 Td (of ) Tj ET Q q 0 0 0 rg BT 337.01 579.20 Td (the ) Tj ET Q q 0 0 0 rg BT 348.78 579.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 388.11 579.20 Td (principal ) Tj ET Q q 0 0 0 rg BT 418.55 579.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 444.97 579.20 Td (of ) Tj ET Q q 0 0 0 rg BT 453.64 579.20 Td (the ) Tj ET Q q 0 0 0 rg BT 465.41 579.20 Td (2019 ) Tj ET Q q 0 0 0 rg BT 483.41 579.20 Td (Euro ) Tj ET Q q 0 0 0 rg BT 500.96 579.20 Td (Loan.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 563.60 Td (On ) Tj ET Q q 0 0 0 rg BT 60.55 563.60 Td (April ) Tj ET Q q 0 0 0 rg BT 79.07 563.60 Td (25, ) Tj ET Q q 0 0 0 rg BT 90.71 563.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 110.35 563.60 Td (we ) Tj ET Q q 0 0 0 rg BT 121.31 563.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 146.48 563.60 Td (into ) Tj ET Q q 0 0 0 rg BT 160.57 563.60 Td (a ) Tj ET Q q 0 0 0 rg BT 165.75 563.60 Td (series ) Tj ET Q q 0 0 0 rg BT 185.60 563.60 Td (of ) Tj ET Q q 0 0 0 rg BT 193.90 563.60 Td (amendments ) Tj ET Q q 0 0 0 rg BT 235.97 563.60 Td (\(ef) Tj ET Q q 0 0 0 rg BT 244.71 563.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 268.10 563.60 Td (on ) Tj ET Q q 0 0 0 rg BT 277.38 563.60 Td (April ) Tj ET Q q 0 0 0 rg BT 295.90 563.60 Td (26, ) Tj ET Q q 0 0 0 rg BT 307.54 563.60 Td (2018\) ) Tj ET Q q 0 0 0 rg BT 327.84 563.60 Td (which ) Tj ET Q q 0 0 0 rg BT 349.02 563.60 Td (modified ) Tj ET Q q 0 0 0 rg BT 379.54 563.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 402.94 563.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 422.35 563.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.65 563.60 Td (our ) Tj ET Q q 0 0 0 rg BT 442.95 563.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 460.58 563.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 477.77 563.60 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 497.84 563.60 Td (the ) Tj ET Q q 0 0 0 rg BT 509.25 563.60 Td (2023 ) Tj ET Q q 0 0 0 rg BT 526.89 563.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 544.08 563.60 Td (Loan, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 554.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.48 554.00 Td (2023 ) Tj ET Q q 0 0 0 rg BT 79.68 554.00 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 115.21 554.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 137.41 554.00 Td (Facility ) Tj ET Q q 0 0 0 rg BT 164.06 554.00 Td (\(each ) Tj ET Q q 0 0 0 rg BT 183.58 554.00 Td (as ) Tj ET Q q 0 0 0 rg BT 192.45 554.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 218.64 554.00 Td (below\) ) Tj ET Q q 0 0 0 rg BT 243.05 554.00 Td (and ) Tj ET Q q 0 0 0 rg BT 256.81 554.00 Td (the ) Tj ET Q q 0 0 0 rg BT 268.79 554.00 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 321.16 554.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 358.90 554.00 Td (\(as ) Tj ET Q q 0 0 0 rg BT 370.43 554.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 396.62 554.00 Td (below\) ) Tj ET Q q 0 0 0 rg BT 421.04 554.00 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 460.50 554.00 Td (, ) Tj ET Q q 0 0 0 rg BT 464.71 554.00 Td (the ) Tj ET Q q 0 0 0 rg BT 476.68 554.00 Td ("Financing ) Tj ET Q q 0 0 0 rg BT 513.99 554.00 Td (T) Tj ET Q q 0 0 0 rg BT 518.59 554.00 Td (ransactions"\). ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 544.40 Td (The ) Tj ET Q q 0 0 0 rg BT 63.76 544.40 Td (Financing ) Tj ET Q q 0 0 0 rg BT 97.46 544.40 Td (T) Tj ET Q q 0 0 0 rg BT 102.06 544.40 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 139.88 544.40 Td (reduced ) Tj ET Q q 0 0 0 rg BT 167.02 544.40 Td (the ) Tj ET Q q 0 0 0 rg BT 178.62 544.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 195.55 544.40 Td (payable ) Tj ET Q q 0 0 0 rg BT 222.25 544.40 Td (under ) Tj ET Q q 0 0 0 rg BT 242.29 544.40 Td (the ) Tj ET Q q 0 0 0 rg BT 253.89 544.40 Td (pricing ) Tj ET Q q 0 0 0 rg BT 278.38 544.40 Td (grid ) Tj ET Q q 0 0 0 rg BT 293.10 544.40 Td (under ) Tj ET Q q 0 0 0 rg BT 313.14 544.40 Td (the ) Tj ET Q q 0 0 0 rg BT 324.74 544.40 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 376.82 544.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 414.18 544.40 Td (and ) Tj ET Q q 0 0 0 rg BT 427.56 544.40 Td (the ) Tj ET Q q 0 0 0 rg BT 439.16 544.40 Td (2023 ) Tj ET Q q 0 0 0 rg BT 456.99 544.40 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 492.15 544.40 Td (Credit ) Tj ET Q q 0 0 0 rg BT 513.97 544.40 Td (Facility ) Tj ET Q q 0 0 0 rg BT 540.24 544.40 Td (as ) Tj ET Q q 0 0 0 rg BT 548.73 544.40 Td (well ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 534.80 Td (as ) Tj ET Q q 0 0 0 rg BT 58.42 534.80 Td (extended ) Tj ET Q q 0 0 0 rg BT 89.55 534.80 Td (the ) Tj ET Q q 0 0 0 rg BT 101.58 534.80 Td (maturity ) Tj ET Q q 0 0 0 rg BT 130.95 534.80 Td (dates ) Tj ET Q q 0 0 0 rg BT 149.64 534.80 Td (of ) Tj ET Q q 0 0 0 rg BT 158.56 534.80 Td (the ) Tj ET Q q 0 0 0 rg BT 170.59 534.80 Td (2021 ) Tj ET Q q 0 0 0 rg BT 188.85 534.80 Td (Euro ) Tj ET Q q 0 0 0 rg BT 206.66 534.80 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 227.35 534.80 Td (the ) Tj ET Q q 0 0 0 rg BT 239.38 534.80 Td (2023 ) Tj ET Q q 0 0 0 rg BT 257.64 534.80 Td (Euro ) Tj ET Q q 0 0 0 rg BT 275.44 534.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 294.14 534.80 Td (and ) Tj ET Q q 0 0 0 rg BT 307.95 534.80 Td (the ) Tj ET Q q 0 0 0 rg BT 319.98 534.80 Td (2023 ) Tj ET Q q 0 0 0 rg BT 338.23 534.80 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 373.82 534.80 Td (Credit ) Tj ET Q q 0 0 0 rg BT 396.08 534.80 Td (Facility) Tj ET Q q 0 0 0 rg BT 420.00 534.80 Td (. ) Tj ET Q q 0 0 0 rg BT 424.09 534.80 Td (The ) Tj ET Q q 0 0 0 rg BT 438.79 534.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 465.04 534.80 Td (available ) Tj ET Q q 0 0 0 rg BT 496.17 534.80 Td (to ) Tj ET Q q 0 0 0 rg BT 504.65 534.80 Td (us ) Tj ET Q q 0 0 0 rg BT 514.02 534.80 Td (under ) Tj ET Q q 0 0 0 rg BT 534.49 534.80 Td (the ) Tj ET Q q 0 0 0 rg BT 546.52 534.80 Td (2023 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 525.20 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 84.83 525.20 Td (Credit ) Tj ET Q q 0 0 0 rg BT 106.83 525.20 Td (Facility ) Tj ET Q q 0 0 0 rg BT 133.27 525.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 165.47 525.20 Td (to ) Tj ET Q q 0 0 0 rg BT 173.70 525.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.92 525.20 Td (75.0 ) Tj ET Q q 0 0 0 rg BT 205.92 525.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.04 525.20 Td ( ) Tj ET Q q 0 0 0 rg BT 231.04 525.20 Td (from ) Tj ET Q q 0 0 0 rg BT 248.14 525.20 Td (April ) Tj ET Q q 0 0 0 rg BT 267.03 525.20 Td (26, ) Tj ET Q q 0 0 0 rg BT 279.03 525.20 Td (2018. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 509.60 Td (On ) Tj ET Q q 0 0 0 rg BT 61.09 509.60 Td (May ) Tj ET Q q 0 0 0 rg BT 77.57 509.60 Td (3,2018, ) Tj ET Q q 0 0 0 rg BT 105.38 509.60 Td (we ) Tj ET Q q 0 0 0 rg BT 116.53 509.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 132.12 509.60 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 149.93 509.60 Td (1) Tj ET Q q 0 0 0 rg BT 153.63 509.60 Td (10.0 ) Tj ET Q q 0 0 0 rg BT 169.45 509.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.56 509.60 Td ( ) Tj ET Q q 0 0 0 rg BT 194.38 509.60 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 245.06 509.60 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.10 509.60 Td (132.0 ) Tj ET Q q 0 0 0 rg BT 280.92 509.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.03 509.60 Td ( ) Tj ET Q q 0 0 0 rg BT 305.84 509.60 Td (at ) Tj ET Q q 0 0 0 rg BT 313.43 509.60 Td (May ) Tj ET Q q 0 0 0 rg BT 329.91 509.60 Td (3, ) Tj ET Q q 0 0 0 rg BT 337.72 509.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 355.54 509.60 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 375.12 509.60 Td (of ) Tj ET Q q 0 0 0 rg BT 383.60 509.60 Td (the ) Tj ET Q q 0 0 0 rg BT 395.19 509.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 434.33 509.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 464.58 509.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 490.82 509.60 Td (of ) Tj ET Q q 0 0 0 rg BT 499.30 509.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.89 509.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 528.70 509.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 546.07 509.60 Td (Loan ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 500.00 Td (with ) Tj ET Q q 0 0 0 rg BT 65.72 500.00 Td (the ) Tj ET Q q 0 0 0 rg BT 77.50 500.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 107.93 500.00 Td (from ) Tj ET Q q 0 0 0 rg BT 125.48 500.00 Td (the ) Tj ET Q q 0 0 0 rg BT 137.25 500.00 Td (exercise ) Tj ET Q q 0 0 0 rg BT 165.45 500.00 Td (of ) Tj ET Q q 0 0 0 rg BT 174.12 500.00 Td (warrants ) Tj ET Q q 0 0 0 rg BT 203.66 500.00 Td (and ) Tj ET Q q 0 0 0 rg BT 217.21 500.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 233.43 500.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 266.52 500.00 Td (from ) Tj ET Q q 0 0 0 rg BT 284.07 500.00 Td (our ) Tj ET Q q 0 0 0 rg BT 296.73 500.00 Td (operations.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 484.40 Td (On ) Tj ET Q q 0 0 0 rg BT 61.06 484.40 Td (July ) Tj ET Q q 0 0 0 rg BT 76.19 484.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 87.97 484.40 Td (2018, ) Tj ET Q q 0 0 0 rg BT 107.76 484.40 Td (we ) Tj ET Q q 0 0 0 rg BT 118.88 484.40 Td (used ) Tj ET Q q 0 0 0 rg BT 135.33 484.40 Td (the ) Tj ET Q q 0 0 0 rg BT 146.89 484.40 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 177.11 484.40 Td (from ) Tj ET Q q 0 0 0 rg BT 194.44 484.40 Td (the ) Tj ET Q q 0 0 0 rg BT 206.00 484.40 Td (completion ) Tj ET Q q 0 0 0 rg BT 243.78 484.40 Td (of ) Tj ET Q q 0 0 0 rg BT 252.23 484.40 Td (the ) Tj ET Q q 0 0 0 rg BT 263.79 484.40 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 293.00 484.40 Td (T) Tj ET Q q 0 0 0 rg BT 297.61 484.40 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 332.27 484.40 Td (together ) Tj ET Q q 0 0 0 rg BT 360.27 484.40 Td (with ) Tj ET Q q 0 0 0 rg BT 376.28 484.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 392.28 484.40 Td (from ) Tj ET Q q 0 0 0 rg BT 409.62 484.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 444.73 484.40 Td (to ) Tj ET Q q 0 0 0 rg BT 452.74 484.40 Td (repay ) Tj ET Q q 0 0 0 rg BT 472.29 484.40 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 483.40 484.40 Td (the ) Tj ET Q q 0 0 0 rg BT 494.96 484.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 534.08 484.40 Td (principal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 474.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 75.06 474.80 Td (of ) Tj ET Q q 0 0 0 rg BT 83.29 474.80 Td ( ) Tj ET Q q 0 0 0 rg BT 84.85 474.80 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.41 474.80 Td (40.8 ) Tj ET Q q 0 0 0 rg BT 117.98 474.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.09 474.80 Td ( ) Tj ET Q q 0 0 0 rg BT 142.65 474.80 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 193.09 474.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.88 474.80 Td (47.9 ) Tj ET Q q 0 0 0 rg BT 224.44 474.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.56 474.80 Td ( ) Tj ET Q q 0 0 0 rg BT 249.12 474.80 Td (at ) Tj ET Q q 0 0 0 rg BT 256.46 474.80 Td (July ) Tj ET Q q 0 0 0 rg BT 271.36 474.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 282.92 474.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 300.48 474.80 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 319.81 474.80 Td (of ) Tj ET Q q 0 0 0 rg BT 328.04 474.80 Td (the ) Tj ET Q q 0 0 0 rg BT 339.38 474.80 Td (2019 ) Tj ET Q q 0 0 0 rg BT 356.94 474.80 Td (Euro ) Tj ET Q q 0 0 0 rg BT 374.05 474.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 392.05 474.80 Td (and ) Tj ET Q q 0 0 0 rg BT 405.17 474.80 Td (accrued ) Tj ET Q q 0 0 0 rg BT 431.60 474.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 456.71 474.80 Td (thereon ) Tj ET Q q 0 0 0 rg BT 482.26 474.80 Td (and ) Tj ET Q q 0 0 0 rg BT 495.38 474.80 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 506.27 474.80 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.83 474.80 Td (25.0 ) Tj ET Q q 0 0 0 rg BT 539.39 474.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 465.20 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 100.64 465.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.14 465.20 Td (29.3 ) Tj ET Q q 0 0 0 rg BT 133.41 465.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 156.52 465.20 Td ( ) Tj ET Q q 0 0 0 rg BT 158.79 465.20 Td (at ) Tj ET Q q 0 0 0 rg BT 166.84 465.20 Td (July ) Tj ET Q q 0 0 0 rg BT 182.44 465.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 194.71 465.20 Td (2018 ) Tj ET Q q 0 0 0 rg BT 212.98 465.20 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 233.02 465.20 Td (of ) Tj ET Q q 0 0 0 rg BT 241.96 465.20 Td (the ) Tj ET Q q 0 0 0 rg BT 254.00 465.20 Td (2021 ) Tj ET Q q 0 0 0 rg BT 272.27 465.20 Td (Euro ) Tj ET Q q 0 0 0 rg BT 290.09 465.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 308.80 465.20 Td (plus ) Tj ET Q q 0 0 0 rg BT 324.41 465.20 Td (accrued ) Tj ET Q q 0 0 0 rg BT 351.54 465.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 377.36 465.20 Td (thereon. ) Tj ET Q q 0 0 0 rg BT 405.62 465.20 Td (In ) Tj ET Q q 0 0 0 rg BT 414.55 465.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 445.04 465.20 Td (we ) Tj ET Q q 0 0 0 rg BT 456.64 465.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 472.69 465.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.18 465.20 Td (41.2 ) Tj ET Q q 0 0 0 rg BT 505.45 465.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.57 465.20 Td ( ) Tj ET Q q 0 0 0 rg BT 530.84 465.20 Td (to ) Tj ET Q q 0 0 0 rg BT 539.17 465.20 Td (W) Tj ET Q q 0 0 0 rg BT 546.08 465.20 Td (arner ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 455.60 Td (Media, ) Tj ET Q q 0 0 0 rg BT 74.60 455.60 Td (LLC ) Tj ET Q q 0 0 0 rg BT 92.38 455.60 Td (\("W) Tj ET Q q 0 0 0 rg BT 105.21 455.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 124.31 455.60 Td (Media"\) ) Tj ET Q q 0 0 0 rg BT 153.34 455.60 Td (to ) Tj ET Q q 0 0 0 rg BT 162.23 455.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 182.66 455.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 194.65 455.60 Td (all ) Tj ET Q q 0 0 0 rg BT 205.31 455.60 Td ( ) Tj ET Q q 0 0 0 rg BT 207.97 455.60 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 243.50 455.60 Td (Fees ) Tj ET Q q 0 0 0 rg BT 260.83 455.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 288.37 455.60 Td (to ) Tj ET Q q 0 0 0 rg BT 297.07 455.60 Td (W) Tj ET Q q 0 0 0 rg BT 303.98 455.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 323.07 455.60 Td (Media ) Tj ET Q q 0 0 0 rg BT 346.17 455.60 Td (as ) Tj ET Q q 0 0 0 rg BT 355.50 455.60 Td (of ) Tj ET Q q 0 0 0 rg BT 364.83 455.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.26 455.60 Td (date ) Tj ET Q q 0 0 0 rg BT 393.25 455.60 Td (of ) Tj ET Q q 0 0 0 rg BT 402.58 455.60 Td (repayment ) Tj ET Q q 0 0 0 rg BT 439.01 455.60 Td (under ) Tj ET Q q 0 0 0 rg BT 459.89 455.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.32 455.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 490.99 455.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 509.20 455.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 528.30 455.60 Td (and ) Tj ET Q q 0 0 0 rg BT 542.52 455.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 554.51 455.60 Td (all ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 446.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 88.78 446.00 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 123.59 446.00 Td (Fees ) Tj ET Q q 0 0 0 rg BT 140.21 446.00 Td (and ) Tj ET Q q 0 0 0 rg BT 153.70 446.00 Td (the ) Tj ET Q q 0 0 0 rg BT 165.42 446.00 Td (Commitment ) Tj ET Q q 0 0 0 rg BT 209.59 446.00 Td (Fee, ) Tj ET Q q 0 0 0 rg BT 225.09 446.00 Td (together ) Tj ET Q q 0 0 0 rg BT 253.25 446.00 Td (with ) Tj ET Q q 0 0 0 rg BT 269.42 446.00 Td (accrued ) Tj ET Q q 0 0 0 rg BT 296.23 446.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 321.73 446.00 Td (thereon, ) Tj ET Q q 0 0 0 rg BT 349.66 446.00 Td (previously ) Tj ET Q q 0 0 0 rg BT 385.38 446.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 401.11 446.00 Td (in ) Tj ET Q q 0 0 0 rg BT 409.28 446.00 Td (kind ) Tj ET Q q 0 0 0 rg BT 425.45 446.00 Td (which ) Tj ET Q q 0 0 0 rg BT 446.94 446.00 Td (were ) Tj ET Q q 0 0 0 rg BT 464.43 446.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 491.26 446.00 Td (to ) Tj ET Q q 0 0 0 rg BT 499.29 446.00 Td (W) Tj ET Q q 0 0 0 rg BT 506.20 446.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 524.57 446.00 Td (Media ) Tj ET Q q 0 0 0 rg BT 546.96 446.00 Td (prior ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 436.40 Td (to ) Tj ET Q q 0 0 0 rg BT 57.72 436.40 Td (repayment ) Tj ET Q q 0 0 0 rg BT 93.48 436.40 Td (of ) Tj ET Q q 0 0 0 rg BT 102.15 436.40 Td (the ) Tj ET Q q 0 0 0 rg BT 113.92 436.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 139.03 436.40 Td (of ) Tj ET Q q 0 0 0 rg BT 147.70 436.40 Td (the ) Tj ET Q q 0 0 0 rg BT 159.47 436.40 Td (2021 ) Tj ET Q q 0 0 0 rg BT 177.47 436.40 Td (Euro ) Tj ET Q q 0 0 0 rg BT 195.02 436.40 Td (Loan.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 420.80 Td (On ) Tj ET Q q 0 0 0 rg BT 61.00 420.80 Td (January ) Tj ET Q q 0 0 0 rg BT 87.61 420.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 99.34 420.80 Td (2019, ) Tj ET Q q 0 0 0 rg BT 119.06 420.80 Td (we ) Tj ET Q q 0 0 0 rg BT 130.12 420.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 145.62 420.80 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 163.34 420.80 Td (60.0 ) Tj ET Q q 0 0 0 rg BT 179.07 420.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 202.18 420.80 Td ( ) Tj ET Q q 0 0 0 rg BT 203.91 420.80 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 254.51 420.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.46 420.80 Td (68.9 ) Tj ET Q q 0 0 0 rg BT 286.19 420.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.30 420.80 Td ( ) Tj ET Q q 0 0 0 rg BT 311.03 420.80 Td (at ) Tj ET Q q 0 0 0 rg BT 318.53 420.80 Td (January ) Tj ET Q q 0 0 0 rg BT 345.13 420.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 356.86 420.80 Td (2019 ) Tj ET Q q 0 0 0 rg BT 374.59 420.80 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 394.08 420.80 Td (of ) Tj ET Q q 0 0 0 rg BT 402.47 420.80 Td (the ) Tj ET Q q 0 0 0 rg BT 413.97 420.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 453.03 420.80 Td (principal ) Tj ET Q q 0 0 0 rg BT 483.19 420.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 509.34 420.80 Td (of ) Tj ET Q q 0 0 0 rg BT 517.73 420.80 Td (the ) Tj ET Q q 0 0 0 rg BT 529.23 420.80 Td (2021 ) Tj ET Q q 0 0 0 rg BT 546.96 420.80 Td (Euro ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 411.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 67.94 411.20 Td (with ) Tj ET Q q 0 0 0 rg BT 84.16 411.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 100.38 411.20 Td (generated ) Tj ET Q q 0 0 0 rg BT 133.46 411.20 Td (by ) Tj ET Q q 0 0 0 rg BT 143.46 411.20 Td (our ) Tj ET Q q 0 0 0 rg BT 156.13 411.20 Td (operations.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 392.60 Td (Overview ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 377.00 Td (T) Tj ET Q q 0 0 0 rg BT 53.83 377.00 Td (otal ) Tj ET Q q 0 0 0 rg BT 67.82 377.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 101.37 377.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 117.14 377.00 Td (and ) Tj ET Q q 0 0 0 rg BT 130.70 377.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 150.91 377.00 Td (facilities ) Tj ET Q q 0 0 0 rg BT 180.45 377.00 Td (comprised ) Tj ET Q q 0 0 0 rg BT 215.77 377.00 Td (the ) Tj ET Q q 0 0 0 rg BT 227.55 377.00 Td (following ) Tj ET Q q 0 0 0 rg BT 260.66 377.00 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.43 377.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 315.30 377.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 377.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 337.50 283.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 337.50 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 337.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 337.50 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 337.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 337.50 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 311.50 283.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 311.50 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 311.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 311.50 74.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 311.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 311.50 74.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 333 337.5 m 407 337.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411 337.5 m 485 337.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 489 337.5 m 563 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 298.5 m 485 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 298.5 m 407 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 286.5 m 407 286.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 284.5 m 407 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 298.5 m 485 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 286.5 m 485 286.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 284.5 m 485 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 298.5 m 563 298.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 286.5 m 563 286.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 284.5 m 563 284.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 341.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.35 357.73 Td (Principal ) Tj ET Q q 0 0 0 rg BT 375.68 357.73 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.45 349.73 Td (of Liability) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.45 341.73 Td (Component) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.70 349.73 Td (Debt Issuance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.75 341.73 Td (Costs ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 475.42 345.36 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.95 349.73 Td (Net Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.45 341.73 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 328.75 Td (2021 Euro Loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 328.75 Td (240,834) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.10 328.75 Td (\(538) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 328.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.80 328.75 Td (240,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 315.75 Td (2023 Euro Loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 315.75 Td (536,776) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.10 315.75 Td (\(4,733) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 315.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.80 315.75 Td (532,043) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 302.75 Td (2023 Revolving Credit Facility) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.80 302.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 302.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 302.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 289.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 289.73 Td (otal long-term debt and cr) Tj ET Q q 0 0 0 rg BT 146.72 289.73 Td (edit facilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.50 289.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.80 289.73 Td (777,610) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.50 289.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.10 289.73 Td (\(5,271) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.80 289.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.50 289.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.80 289.73 Td (772,339) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 277.02 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.56 273.40 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 273.40 Td (Debt ) Tj ET Q q 0 0 0 rg BT 80.39 273.40 Td (issuance ) Tj ET Q q 0 0 0 rg BT 109.32 273.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 127.16 273.40 Td (related ) Tj ET Q q 0 0 0 rg BT 150.75 273.40 Td (to ) Tj ET Q q 0 0 0 rg BT 158.81 273.40 Td (the ) Tj ET Q q 0 0 0 rg BT 170.42 273.40 Td (2021 ) Tj ET Q q 0 0 0 rg BT 188.25 273.40 Td (Euro ) Tj ET Q q 0 0 0 rg BT 205.64 273.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 223.91 273.40 Td (and ) Tj ET Q q 0 0 0 rg BT 237.30 273.40 Td (2023 ) Tj ET Q q 0 0 0 rg BT 255.13 273.40 Td (Euro ) Tj ET Q q 0 0 0 rg BT 272.52 273.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 290.79 273.40 Td (are ) Tj ET Q q 0 0 0 rg BT 302.39 273.40 Td (being ) Tj ET Q q 0 0 0 rg BT 322.00 273.40 Td (amortized ) Tj ET Q q 0 0 0 rg BT 355.82 273.40 Td (on ) Tj ET Q q 0 0 0 rg BT 365.66 273.40 Td (a ) Tj ET Q q 0 0 0 rg BT 371.04 273.40 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 411.53 273.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 431.37 273.40 Td (which ) Tj ET Q q 0 0 0 rg BT 452.75 273.40 Td (approximates ) Tj ET Q q 0 0 0 rg BT 497.69 273.40 Td (the ) Tj ET Q q 0 0 0 rg BT 509.29 273.40 Td (ef) Tj ET Q q 0 0 0 rg BT 515.36 273.40 Td (fective ) Tj ET Q q 0 0 0 rg BT 538.96 273.40 Td (interest ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 263.80 Td (method, ) Tj ET Q q 0 0 0 rg BT 91.24 263.80 Td (over ) Tj ET Q q 0 0 0 rg BT 107.70 263.80 Td (the ) Tj ET Q q 0 0 0 rg BT 119.72 263.80 Td (life ) Tj ET Q q 0 0 0 rg BT 132.63 263.80 Td (of ) Tj ET Q q 0 0 0 rg BT 141.53 263.80 Td (the ) Tj ET Q q 0 0 0 rg BT 153.55 263.80 Td (respective ) Tj ET Q q 0 0 0 rg BT 188.22 263.80 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 229.80 263.80 Td (Debt ) Tj ET Q q 0 0 0 rg BT 247.60 263.80 Td (issuance ) Tj ET Q q 0 0 0 rg BT 276.94 263.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 295.19 263.80 Td (related ) Tj ET Q q 0 0 0 rg BT 319.20 263.80 Td (to ) Tj ET Q q 0 0 0 rg BT 327.66 263.80 Td (the ) Tj ET Q q 0 0 0 rg BT 339.68 263.80 Td (2023 ) Tj ET Q q 0 0 0 rg BT 357.93 263.80 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 393.50 263.80 Td (Credit ) Tj ET Q q 0 0 0 rg BT 415.75 263.80 Td (Facility ) Tj ET Q q 0 0 0 rg BT 442.43 263.80 Td (are ) Tj ET Q q 0 0 0 rg BT 454.44 263.80 Td (classified ) Tj ET Q q 0 0 0 rg BT 486.90 263.80 Td (as ) Tj ET Q q 0 0 0 rg BT 495.81 263.80 Td (non-current ) Tj ET Q q 0 0 0 rg BT 535.37 263.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 556.28 263.80 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 254.20 Td (our ) Tj ET Q q 0 0 0 rg BT 75.66 254.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 118.10 254.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 144.52 254.20 Td (sheet ) Tj ET Q q 0 0 0 rg BT 162.96 254.20 Td (and ) Tj ET Q q 0 0 0 rg BT 176.51 254.20 Td (are ) Tj ET Q q 0 0 0 rg BT 188.28 254.20 Td (being ) Tj ET Q q 0 0 0 rg BT 208.05 254.20 Td (amortized ) Tj ET Q q 0 0 0 rg BT 242.04 254.20 Td (on ) Tj ET Q q 0 0 0 rg BT 252.04 254.20 Td (a ) Tj ET Q q 0 0 0 rg BT 257.59 254.20 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 298.24 254.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 316.24 254.20 Td (over ) Tj ET Q q 0 0 0 rg BT 332.46 254.20 Td (the ) Tj ET Q q 0 0 0 rg BT 344.23 254.20 Td (life ) Tj ET Q q 0 0 0 rg BT 356.89 254.20 Td (of ) Tj ET Q q 0 0 0 rg BT 365.55 254.20 Td (the ) Tj ET Q q 0 0 0 rg BT 377.33 254.20 Td (2023 ) Tj ET Q q 0 0 0 rg BT 395.33 254.20 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 430.66 254.20 Td (Credit ) Tj ET Q q 0 0 0 rg BT 452.66 254.20 Td (Facility) Tj ET Q q 0 0 0 rg BT 476.58 254.20 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 235.60 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 88.38 235.60 Td (Debt ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 220.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.94 220.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 97.49 220.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 113.26 220.00 Td (comprised ) Tj ET Q q 0 0 0 rg BT 148.59 220.00 Td (the ) Tj ET Q q 0 0 0 rg BT 160.36 220.00 Td (following ) Tj ET Q q 0 0 0 rg BT 193.47 220.00 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.24 220.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 248.11 220.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.11 220.00 Td ( ) Tj ET Q q 0 0 0 rg BT 266.11 220.00 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.66 220.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 326.53 220.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.53 220.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 180.50 161.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 180.50 85.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 180.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 180.50 85.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 180.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 180.50 85.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 180.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 180.50 85.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 154.50 161.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 154.50 85.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 154.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 154.50 85.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 154.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 154.50 85.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 154.50 4.00 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q 0 0 0 rg BT 213.50 171.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.80 171.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.50 171.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.80 171.75 Td (240,545) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.50 171.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 171.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.50 171.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.80 171.75 Td (236,337) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 158.75 Td (2021 ) Tj ET Q q 0 0 0 rg BT 70.50 158.75 Td (Euro ) Tj ET Q q 0 0 0 rg BT 88.05 158.75 Td (Loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.80 158.75 Td (240,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.80 158.75 Td (281,871) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.80 158.75 Td (233,058) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.80 158.75 Td (268,858) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 145.75 Td (2023 ) Tj ET Q q 0 0 0 rg BT 70.50 145.75 Td 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Tj ET Q endstream endobj 113 0 obj <>] /Rotate 0 /Contents 114 0 R>> endobj 114 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) 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(Loan"\) ) Tj ET Q q 0 0 0 rg BT 471.06 707.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 510.95 707.85 Td (was ) Tj ET Q q 0 0 0 rg BT 525.94 707.85 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.50 707.85 Td (210.3 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.25 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.61 698.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.23 698.25 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 124.72 698.25 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 140.57 698.25 Td (240.8 ) Tj ET Q q 0 0 0 rg BT 160.18 698.25 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 183.30 698.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 189.46 698.25 Td (The ) Tj ET Q q 0 0 0 rg BT 203.52 698.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 221.14 698.25 Td (Euro ) Tj ET Q q 0 0 0 rg BT 238.31 698.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 256.36 698.25 Td (bears ) Tj ET Q q 0 0 0 rg BT 274.86 698.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 300.02 698.25 Td (at ) Tj ET Q q 0 0 0 rg BT 307.41 698.25 Td (three-month ) Tj ET Q q 0 0 0 rg BT 348.13 698.25 Td (EURIBOR ) Tj ET Q q 0 0 0 rg BT 384.86 698.25 Td (\(fixed ) Tj ET Q q 0 0 0 rg BT 405.58 698.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 434.75 698.25 Td (to ) Tj ET Q q 0 0 0 rg BT 442.59 698.25 Td (customary ) Tj ET Q q 0 0 0 rg BT 477.53 698.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 504.93 698.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 549.63 698.25 Td (\(see ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 688.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 66.92 688.65 Td (14, ) Tj ET Q q 0 0 0 rg BT 78.79 688.65 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 113.70 688.65 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 153.34 688.65 Td (and ) Tj ET Q q 0 0 0 rg BT 166.76 688.65 Td (Fair ) Tj ET Q q 0 0 0 rg BT 181.38 688.65 Td (V) Tj ET Q q 0 0 0 rg BT 186.27 688.65 Td (alue ) Tj ET Q q 0 0 0 rg BT 201.47 688.65 Td (Measurements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.39 688.65 Td (\)\) ) Tj ET Q q 0 0 0 rg BT 258.58 688.65 Td (plus ) Tj ET Q q 0 0 0 rg BT 273.79 688.65 Td (a ) Tj ET Q q 0 0 0 rg BT 279.21 688.65 Td (mar) Tj ET Q q 0 0 0 rg BT 291.50 688.65 Td (gin ) Tj ET Q q 0 0 0 rg BT 303.60 688.65 Td (of ) Tj ET Q q 0 0 0 rg BT 312.13 688.65 Td (between ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.65 688.65 Td (1.1%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.32 688.65 Td ( ) Tj ET Q q 0 0 0 rg BT 359.19 688.65 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.61 688.65 Td (1.9%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.27 688.65 Td ( ) Tj ET Q q 0 0 0 rg BT 391.14 688.65 Td (depending ) Tj ET Q q 0 0 0 rg BT 426.34 688.65 Td (on ) Tj ET Q q 0 0 0 rg BT 436.21 688.65 Td (the ) Tj ET Q q 0 0 0 rg BT 447.85 688.65 Td (credit ) Tj ET Q q 0 0 0 rg BT 467.93 688.65 Td (rating ) Tj ET Q q 0 0 0 rg BT 488.46 688.65 Td (of ) Tj ET Q q 0 0 0 rg BT 496.86 688.65 Td (W) Tj ET Q q 0 0 0 rg BT 503.77 688.65 Td (arner ) Tj ET Q q 0 0 0 rg BT 522.07 688.65 Td (Media. ) Tj ET Q q 0 0 0 rg BT 545.97 688.65 Td (As ) Tj ET Q q 0 0 0 rg BT 556.73 688.65 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 679.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.75 679.05 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 112.75 679.05 Td (, ) Tj ET Q q 0 0 0 rg BT 117.13 679.05 Td (the ) Tj ET Q q 0 0 0 rg BT 129.28 679.05 Td (all-in ) Tj ET Q q 0 0 0 rg BT 148.55 679.05 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 184.26 679.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 198.63 679.05 Td (on ) Tj ET Q q 0 0 0 rg BT 209.01 679.05 Td (amounts ) Tj ET Q q 0 0 0 rg BT 238.50 679.05 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 278.21 679.05 Td (under ) Tj ET Q q 0 0 0 rg BT 298.80 679.05 Td (the ) Tj ET Q q 0 0 0 rg BT 310.96 679.05 Td (2021 ) Tj ET Q q 0 0 0 rg BT 329.34 679.05 Td (Euro ) Tj ET Q q 0 0 0 rg BT 347.27 679.05 Td (Loan ) Tj ET Q q 0 0 0 rg BT 366.09 679.05 Td (was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.91 679.05 Td (3.25%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.58 679.05 Td ( ) Tj ET Q q 0 0 0 rg BT 403.96 679.05 Td (\(the ) Tj ET Q q 0 0 0 rg BT 418.78 679.05 Td (components ) Tj ET Q q 0 0 0 rg BT 459.82 679.05 Td (of ) Tj ET Q q 0 0 0 rg BT 468.86 679.05 Td (which ) Tj ET Q q 0 0 0 rg BT 490.79 679.05 Td (are ) Tj ET Q q 0 0 0 rg BT 502.94 679.05 Td (shown ) Tj ET Q q 0 0 0 rg BT 526.21 679.05 Td (in ) Tj ET Q q 0 0 0 rg BT 534.81 679.05 Td (the ) Tj ET Q q 0 0 0 rg BT 546.97 679.05 Td (table ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 669.45 Td (below ) Tj ET Q q 0 0 0 rg BT 71.05 669.45 Td (under ) Tj ET Q q 0 0 0 rg BT 91.27 669.45 Td (the ) Tj ET Q q 0 0 0 rg BT 103.04 669.45 Td (heading ) Tj ET Q q 0 0 0 rg BT 130.36 669.45 Td ("Interest ) Tj ET Q q 0 0 0 rg BT 159.62 669.45 Td (Rate ) Tj ET Q q 0 0 0 rg BT 176.28 669.45 Td (Summary"\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 653.85 Td (Interest ) Tj ET Q q 0 0 0 rg BT 76.13 653.85 Td (on ) Tj ET Q q 0 0 0 rg BT 86.76 653.85 Td (the ) Tj ET Q q 0 0 0 rg BT 99.17 653.85 Td (2021 ) Tj ET Q q 0 0 0 rg BT 117.81 653.85 Td (Euro ) Tj ET Q q 0 0 0 rg BT 136.00 653.85 Td (Loan ) Tj ET Q q 0 0 0 rg BT 155.08 653.85 Td (is ) Tj ET Q q 0 0 0 rg BT 163.05 653.85 Td (payable ) Tj ET Q q 0 0 0 rg BT 190.56 653.85 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 222.08 653.85 Td (in ) Tj ET Q q 0 0 0 rg BT 230.94 653.85 Td (arrears ) Tj ET Q q 0 0 0 rg BT 255.33 653.85 Td (on ) Tj ET Q q 0 0 0 rg BT 265.97 653.85 Td (each ) Tj ET Q q 0 0 0 rg BT 283.26 653.85 Td (February13, ) Tj ET Q q 0 0 0 rg BT 326.78 653.85 Td (May ) Tj ET Q q 0 0 0 rg BT 344.08 653.85 Td (13, ) Tj ET Q q 0 0 0 rg BT 356.13 653.85 Td (August ) Tj ET Q q 0 0 0 rg BT 381.88 653.85 Td (13 ) Tj ET Q q 0 0 0 rg BT 392.52 653.85 Td (and ) Tj ET Q q 0 0 0 rg BT 406.71 653.85 Td (November ) Tj ET Q q 0 0 0 rg BT 443.11 653.85 Td (13. ) Tj ET Q q 0 0 0 rg BT 455.56 653.85 Td (The ) Tj ET Q q 0 0 0 rg BT 470.64 653.85 Td (2021 ) Tj ET Q q 0 0 0 rg BT 489.27 653.85 Td (Euro ) Tj ET Q q 0 0 0 rg BT 507.46 653.85 Td (Loan ) Tj ET Q q 0 0 0 rg BT 526.54 653.85 Td (matures ) Tj ET Q q 0 0 0 rg BT 554.50 653.85 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (November1,2021 ) Tj ET Q q 0 0 0 rg BT 111.44 644.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.17 644.25 Td (may ) Tj ET Q q 0 0 0 rg BT 141.12 644.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 172.17 644.25 Td (be ) Tj ET Q q 0 0 0 rg BT 181.90 644.25 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 208.06 644.25 Td (at ) Tj ET Q q 0 0 0 rg BT 216.01 644.25 Td (our ) Tj ET Q q 0 0 0 rg BT 228.86 644.25 Td (option, ) Tj ET Q q 0 0 0 rg BT 253.48 644.25 Td (in ) Tj ET Q q 0 0 0 rg BT 261.88 644.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 283.60 644.25 Td (or ) Tj ET Q q 0 0 0 rg BT 292.45 644.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.84 644.25 Td (part, ) Tj ET Q q 0 0 0 rg BT 317.46 644.25 Td (without ) Tj ET Q q 0 0 0 rg BT 344.08 644.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 375.14 644.25 Td (or ) Tj ET Q q 0 0 0 rg BT 383.98 644.25 Td (penalty ) Tj ET Q q 0 0 0 rg BT 409.71 644.25 Td (from ) Tj ET Q q 0 0 0 rg BT 427.43 644.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 443.82 644.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 477.09 644.25 Td (from ) Tj ET Q q 0 0 0 rg BT 494.82 644.25 Td (our ) Tj ET Q q 0 0 0 rg BT 507.66 644.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 545.16 644.25 Td (From ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 634.65 Td (April ) Tj ET Q q 0 0 0 rg BT 68.56 634.65 Td (26, ) Tj ET Q q 0 0 0 rg BT 80.73 634.65 Td (2020, ) Tj ET Q q 0 0 0 rg BT 100.90 634.65 Td (the ) Tj ET Q q 0 0 0 rg BT 112.84 634.65 Td (2021 ) Tj ET Q q 0 0 0 rg BT 131.01 634.65 Td (Euro ) Tj ET Q q 0 0 0 rg BT 148.74 634.65 Td (Loan ) Tj ET Q q 0 0 0 rg BT 167.34 634.65 Td (may ) Tj ET Q q 0 0 0 rg BT 183.29 634.65 Td (be ) Tj ET Q q 0 0 0 rg BT 193.01 634.65 Td (refinanced ) Tj ET Q q 0 0 0 rg BT 228.94 634.65 Td (at ) Tj ET Q q 0 0 0 rg BT 236.88 634.65 Td (our ) Tj ET Q q 0 0 0 rg BT 249.71 634.65 Td (option. ) Tj ET Q q 0 0 0 rg BT 274.17 634.65 Td (The ) Tj ET Q q 0 0 0 rg BT 288.78 634.65 Td (2021 ) Tj ET Q q 0 0 0 rg BT 306.95 634.65 Td (Euro ) Tj ET Q q 0 0 0 rg BT 324.68 634.65 Td (Loan ) Tj ET Q q 0 0 0 rg BT 343.28 634.65 Td (is ) Tj ET Q q 0 0 0 rg BT 350.79 634.65 Td (a ) Tj ET Q q 0 0 0 rg BT 356.51 634.65 Td (senior ) Tj ET Q q 0 0 0 rg BT 378.23 634.65 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 412.83 634.65 Td (obligation ) Tj ET Q q 0 0 0 rg BT 447.45 634.65 Td (of ) Tj ET Q q 0 0 0 rg BT 456.28 634.65 Td (CME ) Tj ET Q q 0 0 0 rg BT 475.79 634.65 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 491.07 634.65 Td (and ) Tj ET Q q 0 0 0 rg BT 504.79 634.65 Td (is ) Tj ET Q q 0 0 0 rg BT 512.30 634.65 Td (unconditionally ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 625.05 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 86.59 625.05 Td (by ) Tj ET Q q 0 0 0 rg BT 96.59 625.05 Td (CME ) Tj ET Q q 0 0 0 rg BT 115.93 625.05 Td (BV) Tj ET Q q 0 0 0 rg BT 126.89 625.05 Td ( ) Tj ET Q q 0 0 0 rg BT 128.89 625.05 Td (and ) Tj ET Q q 0 0 0 rg BT 142.45 625.05 Td (by ) Tj ET Q q 0 0 0 rg BT 152.30 625.05 Td (W) Tj ET Q q 0 0 0 rg BT 159.21 625.05 Td (arner ) Tj ET Q q 0 0 0 rg BT 177.64 625.05 Td (Media ) Tj ET Q q 0 0 0 rg BT 200.08 625.05 Td (and ) Tj ET Q q 0 0 0 rg BT 213.63 625.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 237.39 625.05 Td (of ) Tj ET Q q 0 0 0 rg BT 246.05 625.05 Td (its ) Tj ET Q q 0 0 0 rg BT 255.61 625.05 Td (subsidiaries.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 609.45 Td (2023 ) Tj ET Q q 0 0 0 rg BT 67.50 609.45 Td (Eur) Tj ET Q q 0 0 0 rg BT 79.20 609.45 Td (o ) Tj ET Q q 0 0 0 rg BT 85.20 609.45 Td (Loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 593.85 Td (As ) Tj ET Q q 0 0 0 rg BT 60.94 593.85 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 69.27 593.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 116.69 593.85 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.69 593.85 Td (, ) Tj ET Q q 0 0 0 rg BT 137.24 593.85 Td (the ) Tj ET Q q 0 0 0 rg BT 149.57 593.85 Td (principal ) Tj ET Q q 0 0 0 rg BT 180.55 593.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 207.10 593.85 Td (of ) Tj ET Q q 0 0 0 rg BT 216.32 593.85 Td (our ) Tj ET Q q 0 0 0 rg BT 229.54 593.85 Td (floating ) Tj ET Q q 0 0 0 rg BT 256.97 593.85 Td (ratesenior ) Tj ET Q q 0 0 0 rg BT 293.06 593.85 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 328.05 593.85 Td (term ) Tj ET Q q 0 0 0 rg BT 345.26 593.85 Td (credit ) Tj ET Q q 0 0 0 rg BT 366.02 593.85 Td (facility ) Tj ET Q q 0 0 0 rg BT 391.23 593.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 406.22 593.85 Td ("2023 ) Tj ET Q q 0 0 0 rg BT 428.04 593.85 Td (Euro ) Tj ET Q q 0 0 0 rg BT 446.14 593.85 Td (Loan"\) ) Tj ET Q q 0 0 0 rg BT 471.06 593.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 510.95 593.85 Td (was ) Tj ET Q q 0 0 0 rg BT 525.94 593.85 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.50 593.85 Td (468.8 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.61 584.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.23 584.25 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 124.72 584.25 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 140.57 584.25 Td (536.8 ) Tj ET Q q 0 0 0 rg BT 160.18 584.25 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 183.30 584.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 189.46 584.25 Td (The ) Tj ET Q q 0 0 0 rg BT 203.52 584.25 Td (2023 ) Tj ET Q q 0 0 0 rg BT 221.14 584.25 Td (Euro ) Tj ET Q q 0 0 0 rg BT 238.31 584.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 256.36 584.25 Td (bears ) Tj ET Q q 0 0 0 rg BT 274.86 584.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 300.02 584.25 Td (at ) Tj ET Q q 0 0 0 rg BT 307.41 584.25 Td (three-month ) Tj ET Q q 0 0 0 rg BT 348.13 584.25 Td (EURIBOR ) Tj ET Q q 0 0 0 rg BT 384.86 584.25 Td (\(fixed ) Tj ET Q q 0 0 0 rg BT 405.58 584.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 434.75 584.25 Td (to ) Tj ET Q q 0 0 0 rg BT 442.59 584.25 Td (customary ) Tj ET Q q 0 0 0 rg BT 477.53 584.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 504.93 584.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 549.63 584.25 Td (\(see ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 574.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 66.92 574.65 Td (14, ) Tj ET Q q 0 0 0 rg BT 78.79 574.65 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 113.70 574.65 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 153.34 574.65 Td (and ) Tj ET Q q 0 0 0 rg BT 166.76 574.65 Td (Fair ) Tj ET Q q 0 0 0 rg BT 181.38 574.65 Td (V) Tj ET Q q 0 0 0 rg BT 186.27 574.65 Td (alue ) Tj ET Q q 0 0 0 rg BT 201.47 574.65 Td (Measurements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.39 574.65 Td (\)\) ) Tj ET Q q 0 0 0 rg BT 258.58 574.65 Td (plus ) Tj ET Q q 0 0 0 rg BT 273.79 574.65 Td (a ) Tj ET Q q 0 0 0 rg BT 279.21 574.65 Td (mar) Tj ET Q q 0 0 0 rg BT 291.50 574.65 Td (gin ) Tj ET Q q 0 0 0 rg BT 303.60 574.65 Td (of ) Tj ET Q q 0 0 0 rg BT 312.13 574.65 Td (between ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.65 574.65 Td (1.1%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.32 574.65 Td ( ) Tj ET Q q 0 0 0 rg BT 359.19 574.65 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.61 574.65 Td (1.9%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.27 574.65 Td ( ) Tj ET Q q 0 0 0 rg BT 391.14 574.65 Td (depending ) Tj ET Q q 0 0 0 rg BT 426.34 574.65 Td (on ) Tj ET Q q 0 0 0 rg BT 436.21 574.65 Td (the ) Tj ET Q q 0 0 0 rg BT 447.85 574.65 Td (credit ) Tj ET Q q 0 0 0 rg BT 467.93 574.65 Td (rating ) Tj ET Q q 0 0 0 rg BT 488.46 574.65 Td (of ) Tj ET Q q 0 0 0 rg BT 496.86 574.65 Td (W) Tj ET Q q 0 0 0 rg BT 503.77 574.65 Td (arner ) Tj ET Q q 0 0 0 rg BT 522.07 574.65 Td (Media. ) Tj ET Q q 0 0 0 rg BT 545.97 574.65 Td (As ) Tj ET Q q 0 0 0 rg BT 556.73 574.65 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 565.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.75 565.05 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 112.75 565.05 Td (, ) Tj ET Q q 0 0 0 rg BT 117.13 565.05 Td (the ) Tj ET Q q 0 0 0 rg BT 129.28 565.05 Td (all-in ) Tj ET Q q 0 0 0 rg BT 148.55 565.05 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 184.26 565.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 198.63 565.05 Td (on ) Tj ET Q q 0 0 0 rg BT 209.01 565.05 Td (amounts ) Tj ET Q q 0 0 0 rg BT 238.50 565.05 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 278.21 565.05 Td (under ) Tj ET Q q 0 0 0 rg BT 298.80 565.05 Td (the ) Tj ET Q q 0 0 0 rg BT 310.96 565.05 Td (2023 ) Tj ET Q q 0 0 0 rg BT 329.34 565.05 Td (Euro ) Tj ET Q q 0 0 0 rg BT 347.27 565.05 Td (Loan ) Tj ET Q q 0 0 0 rg BT 366.09 565.05 Td (was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.91 565.05 Td (3.75%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.58 565.05 Td ( ) Tj ET Q q 0 0 0 rg BT 403.96 565.05 Td (\(the ) Tj ET Q q 0 0 0 rg BT 418.78 565.05 Td (components ) Tj ET Q q 0 0 0 rg BT 459.82 565.05 Td (of ) Tj ET Q q 0 0 0 rg BT 468.86 565.05 Td (which ) Tj ET Q q 0 0 0 rg BT 490.79 565.05 Td (are ) Tj ET Q q 0 0 0 rg BT 502.94 565.05 Td (shown ) Tj ET Q q 0 0 0 rg BT 526.21 565.05 Td (in ) Tj ET Q q 0 0 0 rg BT 534.81 565.05 Td (the ) Tj ET Q q 0 0 0 rg BT 546.97 565.05 Td (table ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (below ) Tj ET Q q 0 0 0 rg BT 71.05 555.45 Td (under ) Tj ET Q q 0 0 0 rg BT 91.27 555.45 Td (the ) Tj ET Q q 0 0 0 rg BT 103.04 555.45 Td (heading ) Tj ET Q q 0 0 0 rg BT 130.36 555.45 Td ("Interest ) Tj ET Q q 0 0 0 rg BT 159.62 555.45 Td (Rate ) Tj ET Q q 0 0 0 rg BT 176.28 555.45 Td (Summary"\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 539.85 Td (Interest ) Tj ET Q q 0 0 0 rg BT 75.61 539.85 Td (on ) Tj ET Q q 0 0 0 rg BT 85.73 539.85 Td (the ) Tj ET Q q 0 0 0 rg BT 97.62 539.85 Td (2023 ) Tj ET Q q 0 0 0 rg BT 115.74 539.85 Td (Euro ) Tj ET Q q 0 0 0 rg BT 133.41 539.85 Td (Loan ) Tj ET Q q 0 0 0 rg BT 151.96 539.85 Td (is ) Tj ET Q q 0 0 0 rg BT 159.42 539.85 Td (payable ) Tj ET Q q 0 0 0 rg BT 186.41 539.85 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 217.41 539.85 Td (in ) Tj ET Q q 0 0 0 rg BT 225.75 539.85 Td (arrears ) Tj ET Q q 0 0 0 rg BT 249.63 539.85 Td (on ) Tj ET Q q 0 0 0 rg BT 259.75 539.85 Td (each ) Tj ET Q q 0 0 0 rg BT 276.52 539.85 Td (January ) Tj ET Q q 0 0 0 rg BT 303.52 539.85 Td (7, ) Tj ET Q q 0 0 0 rg BT 311.17 539.85 Td (April ) Tj ET Q q 0 0 0 rg BT 330.17 539.85 Td (7, ) Tj ET Q q 0 0 0 rg BT 338.29 539.85 Td (July ) Tj ET Q q 0 0 0 rg BT 353.75 539.85 Td (7 ) Tj ET Q q 0 0 0 rg BT 359.87 539.85 Td (and ) Tj ET Q q 0 0 0 rg BT 373.54 539.85 Td (October ) Tj ET Q q 0 0 0 rg BT 401.42 539.85 Td (7. ) Tj ET Q q 0 0 0 rg BT 409.39 539.85 Td (The ) Tj ET Q q 0 0 0 rg BT 423.94 539.85 Td (2023 ) Tj ET Q q 0 0 0 rg BT 442.06 539.85 Td (Euro ) Tj ET Q q 0 0 0 rg BT 459.73 539.85 Td (Loan ) Tj ET Q q 0 0 0 rg BT 478.29 539.85 Td (matures ) Tj ET Q q 0 0 0 rg BT 505.73 539.85 Td (on ) Tj ET Q q 0 0 0 rg BT 515.38 539.85 Td (April ) Tj ET Q q 0 0 0 rg BT 534.39 539.85 Td (26, ) Tj ET Q q 0 0 0 rg BT 546.51 539.85 Td (2023 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 63.02 530.25 Td (may ) Tj ET Q q 0 0 0 rg BT 78.76 530.25 Td (be ) Tj ET Q q 0 0 0 rg BT 88.28 530.25 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 114.24 530.25 Td (at ) Tj ET Q q 0 0 0 rg BT 121.98 530.25 Td (our ) Tj ET Q q 0 0 0 rg BT 134.61 530.25 Td (option, ) Tj ET Q q 0 0 0 rg BT 159.03 530.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.22 530.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 188.74 530.25 Td (or ) Tj ET Q q 0 0 0 rg BT 197.37 530.25 Td (in ) Tj ET Q q 0 0 0 rg BT 205.56 530.25 Td (part, ) Tj ET Q q 0 0 0 rg BT 221.97 530.25 Td (without ) Tj ET Q q 0 0 0 rg BT 248.38 530.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 279.23 530.25 Td (or ) Tj ET Q q 0 0 0 rg BT 287.87 530.25 Td (penalty ) Tj ET Q q 0 0 0 rg BT 313.38 530.25 Td (from ) Tj ET Q q 0 0 0 rg BT 330.90 530.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 347.09 530.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 380.14 530.25 Td (from ) Tj ET Q q 0 0 0 rg BT 397.66 530.25 Td (our ) Tj ET Q q 0 0 0 rg BT 410.30 530.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 447.59 530.25 Td (From ) Tj ET Q q 0 0 0 rg BT 466.46 530.25 Td (April ) Tj ET Q q 0 0 0 rg BT 485.32 530.25 Td (26, ) Tj ET Q q 0 0 0 rg BT 497.28 530.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 517.25 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.00 530.25 Td (2023 ) Tj ET Q q 0 0 0 rg BT 546.96 530.25 Td (Euro ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 520.65 Td (Loan ) Tj ET Q q 0 0 0 rg BT 67.93 520.65 Td (may ) Tj ET Q q 0 0 0 rg BT 83.70 520.65 Td (be ) Tj ET Q q 0 0 0 rg BT 93.25 520.65 Td (refinanced ) Tj ET Q q 0 0 0 rg BT 129.00 520.65 Td (at ) Tj ET Q q 0 0 0 rg BT 136.76 520.65 Td (our ) Tj ET Q q 0 0 0 rg BT 149.42 520.65 Td (option. ) Tj ET Q q 0 0 0 rg BT 173.72 520.65 Td (The ) Tj ET Q q 0 0 0 rg BT 188.15 520.65 Td (2023 ) Tj ET Q q 0 0 0 rg BT 206.15 520.65 Td (Euro ) Tj ET Q q 0 0 0 rg BT 223.69 520.65 Td (Loan ) Tj ET Q q 0 0 0 rg BT 242.13 520.65 Td (is ) Tj ET Q q 0 0 0 rg BT 249.46 520.65 Td (a ) Tj ET Q q 0 0 0 rg BT 255.00 520.65 Td (senior ) Tj ET Q q 0 0 0 rg BT 276.55 520.65 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 310.97 520.65 Td (obligation ) Tj ET Q q 0 0 0 rg BT 345.41 520.65 Td (of ) Tj ET Q q 0 0 0 rg BT 354.07 520.65 Td (CME ) Tj ET Q q 0 0 0 rg BT 373.40 520.65 Td (BV) Tj ET Q q 0 0 0 rg BT 384.37 520.65 Td ( ) Tj ET Q q 0 0 0 rg BT 386.36 520.65 Td (and ) Tj ET Q q 0 0 0 rg BT 399.91 520.65 Td (is ) Tj ET Q q 0 0 0 rg BT 407.24 520.65 Td (unconditionally ) Tj ET Q q 0 0 0 rg BT 459.45 520.65 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 496.54 520.65 Td (by ) Tj ET Q q 0 0 0 rg BT 506.53 520.65 Td (CME ) Tj ET Q q 0 0 0 rg BT 525.86 520.65 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 540.97 520.65 Td (and ) Tj ET Q q 0 0 0 rg BT 554.51 520.65 Td (by ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 511.05 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 511.05 Td (arner ) Tj ET Q q 0 0 0 rg BT 74.84 511.05 Td (Media ) Tj ET Q q 0 0 0 rg BT 97.28 511.05 Td (and ) Tj ET Q q 0 0 0 rg BT 110.83 511.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 134.59 511.05 Td (of ) Tj ET Q q 0 0 0 rg BT 143.25 511.05 Td (its ) Tj ET Q q 0 0 0 rg BT 152.81 511.05 Td (subsidiaries.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 492.45 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 101.12 492.45 Td (Agr) Tj ET Q q 0 0 0 rg BT 112.82 492.45 Td (eement ) Tj ET Q q 0 0 0 rg BT 137.48 492.45 Td (and ) Tj ET Q q 0 0 0 rg BT 151.48 492.45 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 187.69 492.45 Td (Fees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 476.85 Td (In ) Tj ET Q q 0 0 0 rg BT 58.05 476.85 Td (connection ) Tj ET Q q 0 0 0 rg BT 95.04 476.85 Td (with ) Tj ET Q q 0 0 0 rg BT 111.02 476.85 Td (W) Tj ET Q q 0 0 0 rg BT 117.93 476.85 Td (arner ) Tj ET Q q 0 0 0 rg BT 136.25 476.85 Td (Media) Tj ET Q q 0 0 0 rg BT 158.91 476.85 Td (s ) Tj ET Q q 0 0 0 rg BT 163.91 476.85 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 200.01 476.85 Td (of ) Tj ET Q q 0 0 0 rg BT 208.56 476.85 Td (the ) Tj ET Q q 0 0 0 rg BT 220.23 476.85 Td (2019 ) Tj ET Q q 0 0 0 rg BT 238.12 476.85 Td (Euro ) Tj ET Q q 0 0 0 rg BT 255.56 476.85 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 275.89 476.85 Td (the ) Tj ET Q q 0 0 0 rg BT 287.55 476.85 Td (2021 ) Tj ET Q q 0 0 0 rg BT 305.44 476.85 Td (Euro ) Tj ET Q q 0 0 0 rg BT 322.88 476.85 Td (Loan ) Tj ET Q q 0 0 0 rg BT 341.21 476.85 Td (and ) Tj ET Q q 0 0 0 rg BT 354.65 476.85 Td (2023 ) Tj ET Q q 0 0 0 rg BT 372.54 476.85 Td (Euro ) Tj ET Q q 0 0 0 rg BT 389.98 476.85 Td (Loan ) Tj ET Q q 0 0 0 rg BT 408.31 476.85 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 447.77 476.85 Td (, ) Tj ET Q q 0 0 0 rg BT 451.66 476.85 Td (the ) Tj ET Q q 0 0 0 rg BT 463.33 476.85 Td ("Euro ) Tj ET Q q 0 0 0 rg BT 484.04 476.85 Td (Loans"\), ) Tj ET Q q 0 0 0 rg BT 513.41 476.85 Td (we ) Tj ET Q q 0 0 0 rg BT 524.63 476.85 Td (entered ) Tj ET Q q 0 0 0 rg BT 550.05 476.85 Td (into ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 467.25 Td (a ) Tj ET Q q 0 0 0 rg BT 55.52 467.25 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 105.97 467.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 141.76 467.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 153.55 467.25 Td (amended, ) Tj ET Q q 0 0 0 rg BT 186.90 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.14 467.25 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 255.27 467.25 Td (Agreement"\) ) Tj ET Q q 0 0 0 rg BT 299.21 467.25 Td (with ) Tj ET Q q 0 0 0 rg BT 315.73 467.25 Td (W) Tj ET Q q 0 0 0 rg BT 322.64 467.25 Td (arner ) Tj ET Q q 0 0 0 rg BT 341.54 467.25 Td (Media. ) Tj ET Q q 0 0 0 rg BT 366.26 467.25 Td (The ) Tj ET Q q 0 0 0 rg BT 381.17 467.25 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 433.75 467.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 471.76 467.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 501.78 467.25 Td (for ) Tj ET Q q 0 0 0 rg BT 513.58 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.82 467.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 555.84 467.25 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 457.65 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 82.16 457.65 Td (fees ) Tj ET Q q 0 0 0 rg BT 96.60 457.65 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 136.06 457.65 Td (, ) Tj ET Q q 0 0 0 rg BT 139.63 457.65 Td (the ) Tj ET Q q 0 0 0 rg BT 150.97 457.65 Td ("Guarantee ) Tj ET Q q 0 0 0 rg BT 188.67 457.65 Td (Fees"\) ) Tj ET Q q 0 0 0 rg BT 210.83 457.65 Td (to ) Tj ET Q q 0 0 0 rg BT 218.51 457.65 Td (W) Tj ET Q q 0 0 0 rg BT 225.42 457.65 Td (arner ) Tj ET Q q 0 0 0 rg BT 243.42 457.65 Td (Media ) Tj ET Q q 0 0 0 rg BT 265.42 457.65 Td (as ) Tj ET Q q 0 0 0 rg BT 273.65 457.65 Td (consideration ) Tj ET Q q 0 0 0 rg BT 318.32 457.65 Td (for ) Tj ET Q q 0 0 0 rg BT 329.21 457.65 Td (those ) Tj ET Q q 0 0 0 rg BT 347.67 457.65 Td (guarantees, ) Tj ET Q q 0 0 0 rg BT 385.44 457.65 Td (and ) Tj ET Q q 0 0 0 rg BT 398.56 457.65 Td (the ) Tj ET Q q 0 0 0 rg BT 409.90 457.65 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 459.45 457.65 Td (to ) Tj ET Q q 0 0 0 rg BT 467.13 457.65 Td (W) Tj ET Q q 0 0 0 rg BT 474.04 457.65 Td (arner ) Tj ET Q q 0 0 0 rg BT 492.03 457.65 Td (Media ) Tj ET Q q 0 0 0 rg BT 514.04 457.65 Td (of ) Tj ET Q q 0 0 0 rg BT 522.27 457.65 Td (any ) Tj ET Q q 0 0 0 rg BT 535.39 457.65 Td (amounts ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 448.05 Td (paid ) Tj ET Q q 0 0 0 rg BT 65.88 448.05 Td (by ) Tj ET Q q 0 0 0 rg BT 76.48 448.05 Td (them ) Tj ET Q q 0 0 0 rg BT 95.08 448.05 Td (under ) Tj ET Q q 0 0 0 rg BT 115.90 448.05 Td (any ) Tj ET Q q 0 0 0 rg BT 130.05 448.05 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 163.75 448.05 Td (or ) Tj ET Q q 0 0 0 rg BT 173.01 448.05 Td (through ) Tj ET Q q 0 0 0 rg BT 200.50 448.05 Td (any ) Tj ET Q q 0 0 0 rg BT 214.66 448.05 Td (loan ) Tj ET Q q 0 0 0 rg BT 231.04 448.05 Td (purchase ) Tj ET Q q 0 0 0 rg BT 262.07 448.05 Td (right ) Tj ET Q q 0 0 0 rg BT 279.78 448.05 Td (exercised ) Tj ET Q q 0 0 0 rg BT 312.59 448.05 Td (by ) Tj ET Q q 0 0 0 rg BT 323.19 448.05 Td (it. ) Tj ET Q q 0 0 0 rg BT 332.05 448.05 Td (The ) Tj ET Q q 0 0 0 rg BT 347.09 448.05 Td (loan ) Tj ET Q q 0 0 0 rg BT 363.47 448.05 Td (purchase ) Tj ET Q q 0 0 0 rg BT 394.50 448.05 Td (right ) Tj ET Q q 0 0 0 rg BT 412.22 448.05 Td (allows ) Tj ET Q q 0 0 0 rg BT 435.52 448.05 Td (W) Tj ET Q q 0 0 0 rg BT 442.43 448.05 Td (arner ) Tj ET Q q 0 0 0 rg BT 461.46 448.05 Td (Media ) Tj ET Q q 0 0 0 rg BT 484.50 448.05 Td (to ) Tj ET Q q 0 0 0 rg BT 493.33 448.05 Td (purchase ) Tj ET Q q 0 0 0 rg BT 524.36 448.05 Td (any ) Tj ET Q q 0 0 0 rg BT 538.52 448.05 Td (amount ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 438.45 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 89.07 438.45 Td (under ) Tj ET Q q 0 0 0 rg BT 109.51 438.45 Td (the ) Tj ET Q q 0 0 0 rg BT 121.52 438.45 Td (Euro ) Tj ET Q q 0 0 0 rg BT 139.30 438.45 Td (Loans ) Tj ET Q q 0 0 0 rg BT 161.09 438.45 Td (from ) Tj ET Q q 0 0 0 rg BT 178.87 438.45 Td (the ) Tj ET Q q 0 0 0 rg BT 190.88 438.45 Td (lenders ) Tj ET Q q 0 0 0 rg BT 216.21 438.45 Td (following ) Tj ET Q q 0 0 0 rg BT 249.56 438.45 Td (an ) Tj ET Q q 0 0 0 rg BT 259.34 438.45 Td (event ) Tj ET Q q 0 0 0 rg BT 278.90 438.45 Td (of ) Tj ET Q q 0 0 0 rg BT 287.80 438.45 Td (default ) Tj ET Q q 0 0 0 rg BT 312.24 438.45 Td (under ) Tj ET Q q 0 0 0 rg BT 332.69 438.45 Td (the ) Tj ET Q q 0 0 0 rg BT 344.70 438.45 Td (Euro ) Tj ET Q q 0 0 0 rg BT 362.48 438.45 Td (Loans ) Tj ET Q q 0 0 0 rg BT 384.26 438.45 Td (or ) Tj ET Q q 0 0 0 rg BT 393.16 438.45 Td (the ) Tj ET Q q 0 0 0 rg BT 405.17 438.45 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 457.57 438.45 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 497.18 438.45 Td (The ) Tj ET Q q 0 0 0 rg BT 511.85 438.45 Td (Reimbursement ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 428.85 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 87.10 428.85 Td (is ) Tj ET Q q 0 0 0 rg BT 94.50 428.85 Td (jointly ) Tj ET Q q 0 0 0 rg BT 117.45 428.85 Td (and ) Tj ET Q q 0 0 0 rg BT 131.07 428.85 Td (severally ) Tj ET Q q 0 0 0 rg BT 162.00 428.85 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 199.16 428.85 Td (by ) Tj ET Q q 0 0 0 rg BT 209.22 428.85 Td (both ) Tj ET Q q 0 0 0 rg BT 225.50 428.85 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.23 428.85 Td (100%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.89 428.85 Td ( ) Tj ET Q q 0 0 0 rg BT 258.96 428.85 Td (owned ) Tj ET Q q 0 0 0 rg BT 282.35 428.85 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 317.30 428.85 Td (Central ) Tj ET Q q 0 0 0 rg BT 342.91 428.85 Td (European ) Tj ET Q q 0 0 0 rg BT 375.62 428.85 Td (Media ) Tj ET Q q 0 0 0 rg BT 398.12 428.85 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 436.17 428.85 Td (N.V) Tj ET Q q 0 0 0 rg BT 448.70 428.85 Td (. ) Tj ET Q q 0 0 0 rg BT 452.76 428.85 Td (\("CMENV"\) ) Tj ET Q q 0 0 0 rg BT 497.57 428.85 Td (and ) Tj ET Q q 0 0 0 rg BT 511.18 428.85 Td (CMEBV) Tj ET Q q 0 0 0 rg BT 541.49 428.85 Td ( ) Tj ET Q q 0 0 0 rg BT 543.55 428.85 Td (and ) Tj ET Q q 0 0 0 rg BT 557.16 428.85 Td (is ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 419.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 76.58 419.25 Td (by ) Tj ET Q q 0 0 0 rg BT 87.23 419.25 Td (a ) Tj ET Q q 0 0 0 rg BT 93.43 419.25 Td (pledge ) Tj ET Q q 0 0 0 rg BT 117.41 419.25 Td (over ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.28 419.25 Td (100%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.94 419.25 Td ( ) Tj ET Q q 0 0 0 rg BT 155.59 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.91 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.33 419.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 217.32 419.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 239.96 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.27 419.25 Td (each ) Tj ET Q q 0 0 0 rg BT 266.58 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.89 419.25 Td (CMENV) Tj ET Q q 0 0 0 rg BT 306.64 419.25 Td ( ) Tj ET Q q 0 0 0 rg BT 309.29 419.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.49 419.25 Td (CMEBV) Tj ET Q q 0 0 0 rg BT 352.91 419.25 Td (. ) Tj ET Q q 0 0 0 rg BT 357.37 419.25 Td (The ) Tj ET Q q 0 0 0 rg BT 372.46 419.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 407.10 419.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.30 419.25 Td (events ) Tj ET Q q 0 0 0 rg BT 444.39 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.71 419.25 Td (default ) Tj ET Q q 0 0 0 rg BT 478.57 419.25 Td (under ) Tj ET Q q 0 0 0 rg BT 499.43 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.86 419.25 Td (Reimbursement ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 409.65 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 87.04 409.65 Td (are ) Tj ET Q q 0 0 0 rg BT 98.80 409.65 Td (substantially ) Tj ET Q q 0 0 0 rg BT 141.25 409.65 Td (the ) Tj ET Q q 0 0 0 rg BT 153.02 409.65 Td (same ) Tj ET Q q 0 0 0 rg BT 171.46 409.65 Td (as ) Tj ET Q q 0 0 0 rg BT 180.12 409.65 Td (under ) Tj ET Q q 0 0 0 rg BT 200.34 409.65 Td (the ) Tj ET Q q 0 0 0 rg BT 212.11 409.65 Td (2023 ) Tj ET Q q 0 0 0 rg BT 230.11 409.65 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 265.44 409.65 Td (Credit ) Tj ET Q q 0 0 0 rg BT 287.44 409.65 Td (Facility ) Tj ET Q q 0 0 0 rg BT 313.88 409.65 Td (\(described ) Tj ET Q q 0 0 0 rg BT 349.20 409.65 Td (below\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 394.05 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 394.05 Td (e ) Tj ET Q q 0 0 0 rg BT 61.47 394.05 Td (pay ) Tj ET Q q 0 0 0 rg BT 74.53 394.05 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 108.91 394.05 Td (Fees ) Tj ET Q q 0 0 0 rg BT 125.09 394.05 Td (to ) Tj ET Q q 0 0 0 rg BT 132.71 394.05 Td (W) Tj ET Q q 0 0 0 rg BT 139.62 394.05 Td (arner ) Tj ET Q q 0 0 0 rg BT 157.56 394.05 Td (Media ) Tj ET Q q 0 0 0 rg BT 179.51 394.05 Td (based ) Tj ET Q q 0 0 0 rg BT 199.23 394.05 Td (on ) Tj ET Q q 0 0 0 rg BT 208.75 394.05 Td (the ) Tj ET Q q 0 0 0 rg BT 220.03 394.05 Td (amounts ) Tj ET Q q 0 0 0 rg BT 248.65 394.05 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 287.49 394.05 Td (on ) Tj ET Q q 0 0 0 rg BT 297.00 394.05 Td (the ) Tj ET Q q 0 0 0 rg BT 308.29 394.05 Td (Euro ) Tj ET Q q 0 0 0 rg BT 325.35 394.05 Td (Loans ) Tj ET Q q 0 0 0 rg BT 346.41 394.05 Td (calculated ) Tj ET Q q 0 0 0 rg BT 380.34 394.05 Td (on ) Tj ET Q q 0 0 0 rg BT 389.85 394.05 Td (a ) Tj ET Q q 0 0 0 rg BT 394.92 394.05 Td (per ) Tj ET Q q 0 0 0 rg BT 406.64 394.05 Td (annum ) Tj ET Q q 0 0 0 rg BT 429.92 394.05 Td (basis ) Tj ET Q q 0 0 0 rg BT 447.44 394.05 Td (and ) Tj ET Q q 0 0 0 rg BT 460.50 394.05 Td (on ) Tj ET Q q 0 0 0 rg BT 470.01 394.05 Td (our ) Tj ET Q q 0 0 0 rg BT 482.18 394.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 524.13 394.05 Td (net ) Tj ET Q q 0 0 0 rg BT 535.41 394.05 Td (leverage ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 384.45 Td (\(as ) Tj ET Q q 0 0 0 rg BT 60.83 384.45 Td (defined ) Tj ET Q q 0 0 0 rg BT 86.82 384.45 Td (in ) Tj ET Q q 0 0 0 rg BT 95.04 384.45 Td (the ) Tj ET Q q 0 0 0 rg BT 106.81 384.45 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 159.03 384.45 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 199.23 384.45 Td (as ) Tj ET Q q 0 0 0 rg BT 207.89 384.45 Td (shown ) Tj ET Q q 0 0 0 rg BT 230.79 384.45 Td (in ) Tj ET Q q 0 0 0 rg BT 239.01 384.45 Td (the ) Tj ET Q q 0 0 0 rg BT 250.78 384.45 Td (tables ) Tj ET Q q 0 0 0 rg BT 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/GS0 gs 85.00 313.35 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.00 313.35 295.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 313.35 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 313.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 313.35 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 287.35 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 57.00 287.35 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 77.00 287.35 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 85.00 287.35 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 105.00 287.35 295.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 287.35 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 287.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 287.35 79.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 400 339.35 m 479 339.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 483 339.35 m 562 339.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 343.58 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 98.40 343.58 Td (Net ) Tj ET Q q 0 0 0 rg BT 112.39 343.58 Td (Leverage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.50 343.58 Td (2021 Eur) Tj ET Q q 0 0 0 rg BT 451.76 343.58 Td (o Loan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.50 343.58 Td (2023 Eur) Tj ET Q q 0 0 0 rg BT 534.69 343.58 Td (o Loan) Tj ET Q BT /F1 8.00 Tf ET /GS0 gs q 4.39 0 0 8.27 51.50 328.88 cm /I25 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.50 330.60 Td (7.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 330.60 Td (6.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 330.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 330.60 Td (6.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 330.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 317.60 Td (<) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.50 317.60 Td (7.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.15 317.60 Td (-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.50 317.60 Td (6.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 317.60 Td (5.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 317.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 317.60 Td (5.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 317.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 304.60 Td (<) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.50 304.60 Td (6.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.15 304.60 Td (-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.50 304.60 Td (5.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 304.60 Td (4.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 304.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 304.60 Td (4.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 304.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 291.60 Td (<) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.50 291.60 Td (5.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.15 291.60 Td (-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.50 291.60 Td (4.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 291.60 Td (3.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 291.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 291.60 Td (4.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 291.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 278.60 Td (<) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.50 278.60 Td (4.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.15 278.60 Td (-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.50 278.60 Td (3.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 278.60 Td (3.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 278.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 278.60 Td (3.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 278.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 265.60 Td (<) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.50 265.60 Td (3.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 265.60 Td (3.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 265.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 265.60 Td (3.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 265.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 246.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.11 246.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 106.71 246.25 Td (net ) Tj ET Q q 0 0 0 rg BT 118.65 246.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 147.91 246.25 Td (as ) Tj ET Q q 0 0 0 rg BT 156.74 246.25 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.68 246.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 211.72 246.25 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 227.72 246.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.89 246.25 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.61 246.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 290.64 246.25 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.64 246.25 Td ( ) Tj ET Q q 0 0 0 rg BT 308.81 246.25 Td (was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.42 246.25 Td (3.5x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.42 246.25 Td ( ) Tj ET Q q 0 0 0 rg BT 339.59 246.25 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.30 246.25 Td (5.4x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.30 246.25 Td (, ) Tj ET Q q 0 0 0 rg BT 371.47 246.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 409.60 246.25 Td (. ) Tj ET Q q 0 0 0 rg BT 413.77 246.25 Td (For ) Tj ET Q q 0 0 0 rg BT 427.05 246.25 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.99 246.25 Td (year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.76 246.25 Td (s ) Tj ET Q q 0 0 0 rg BT 458.04 246.25 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.31 246.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 526.34 246.25 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.34 246.25 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.51 246.25 Td (2017) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 236.65 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.64 236.65 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.64 236.65 Td (, ) Tj ET Q q 0 0 0 rg BT 84.24 236.65 Td (we ) Tj ET Q q 0 0 0 rg BT 96.16 236.65 Td (recognized ) Tj ET Q q 0 0 0 rg BT 133.84 236.65 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 150.66 236.65 Td (26.7 ) Tj ET Q q 0 0 0 rg BT 167.25 236.65 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.37 236.65 Td (, ) Tj ET Q q 0 0 0 rg BT 194.96 236.65 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.78 236.65 Td (55.7 ) Tj ET Q q 0 0 0 rg BT 228.37 236.65 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.48 236.65 Td (; ) Tj ET Q q 0 0 0 rg BT 256.30 236.65 Td (and ) Tj ET Q q 0 0 0 rg BT 270.44 236.65 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.26 236.65 Td (64.4 ) Tj ET Q q 0 0 0 rg BT 303.85 236.65 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.97 236.65 Td (, ) Tj ET Q q 0 0 0 rg BT 331.56 236.65 Td (respectively) Tj ET Q q 0 0 0 rg BT 369.69 236.65 Td (, ) Tj ET Q q 0 0 0 rg BT 374.28 236.65 Td (of ) Tj ET Q q 0 0 0 rg BT 383.54 236.65 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 419.00 236.65 Td (Fees ) Tj ET Q q 0 0 0 rg BT 436.26 236.65 Td (as ) Tj ET Q q 0 0 0 rg BT 445.51 236.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 471.65 236.65 Td (expense ) Tj ET Q q 0 0 0 rg BT 500.01 236.65 Td (in ) Tj ET Q q 0 0 0 rg BT 508.83 236.65 Td (our ) Tj ET Q q 0 0 0 rg BT 522.08 236.65 Td (consolidated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 227.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 85.27 227.05 Td (of ) Tj ET Q q 0 0 0 rg BT 93.93 227.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 129.26 227.05 Td (and ) Tj ET Q q 0 0 0 rg BT 142.81 227.05 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 193.23 227.05 Td (income ) Tj ET Q q 0 0 0 rg BT 218.78 227.05 Td (/ ) Tj ET Q q 0 0 0 rg BT 223.00 227.05 Td (loss.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 211.45 Td (The ) Tj ET Q q 0 0 0 rg BT 63.71 211.45 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 98.34 211.45 Td (Fees ) Tj ET Q q 0 0 0 rg BT 114.78 211.45 Td (relating ) Tj ET Q q 0 0 0 rg BT 140.98 211.45 Td (to ) Tj ET Q q 0 0 0 rg BT 148.97 211.45 Td (the ) Tj ET Q q 0 0 0 rg BT 160.52 211.45 Td (2021 ) Tj ET Q q 0 0 0 rg BT 178.29 211.45 Td (Euro ) Tj ET Q q 0 0 0 rg BT 195.61 211.45 Td (Loan ) Tj ET Q q 0 0 0 rg BT 213.81 211.45 Td (are ) Tj ET Q q 0 0 0 rg BT 225.35 211.45 Td (payable ) Tj ET Q q 0 0 0 rg BT 251.99 211.45 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 299.08 211.45 Td (in ) Tj ET Q q 0 0 0 rg BT 307.07 211.45 Td (arrears ) Tj ET Q q 0 0 0 rg BT 330.60 211.45 Td (on ) Tj ET Q q 0 0 0 rg BT 340.37 211.45 Td (each ) Tj ET Q q 0 0 0 rg BT 356.79 211.45 Td (May ) Tj ET Q q 0 0 0 rg BT 373.23 211.45 Td (1 ) Tj ET Q q 0 0 0 rg BT 379.00 211.45 Td (and ) Tj ET Q q 0 0 0 rg BT 392.32 211.45 Td (November ) Tj ET Q q 0 0 0 rg BT 427.85 211.45 Td (1. ) Tj ET Q q 0 0 0 rg BT 435.49 211.45 Td (The ) Tj ET Q q 0 0 0 rg BT 449.70 211.45 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 484.34 211.45 Td (Fees ) Tj ET Q q 0 0 0 rg BT 500.77 211.45 Td (relating ) Tj ET Q q 0 0 0 rg BT 526.97 211.45 Td (to ) Tj ET Q q 0 0 0 rg BT 534.97 211.45 Td (the ) Tj ET Q q 0 0 0 rg BT 546.51 211.45 Td (2023 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 201.85 Td (Euro ) Tj ET Q q 0 0 0 rg BT 67.05 201.85 Td (Loan ) Tj ET Q q 0 0 0 rg BT 85.49 201.85 Td (are ) Tj ET Q q 0 0 0 rg BT 97.25 201.85 Td (payable ) Tj ET Q q 0 0 0 rg BT 124.13 201.85 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 171.45 201.85 Td (in ) Tj ET Q q 0 0 0 rg BT 179.67 201.85 Td (arrears ) Tj ET Q q 0 0 0 rg BT 203.43 201.85 Td (on ) Tj ET Q q 0 0 0 rg BT 213.43 201.85 Td (each ) Tj ET Q q 0 0 0 rg BT 230.08 201.85 Td (June ) Tj ET Q q 0 0 0 rg BT 246.75 201.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 252.75 201.85 Td (and ) Tj ET Q q 0 0 0 rg BT 266.30 201.85 Td (December ) Tj ET Q q 0 0 0 rg BT 301.16 201.85 Td (1.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 186.25 Td (The ) Tj ET Q q 0 0 0 rg BT 64.08 186.25 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 99.09 186.25 Td (Fees ) Tj ET Q q 0 0 0 rg BT 115.90 186.25 Td (on ) Tj ET Q q 0 0 0 rg BT 126.05 186.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.96 186.25 Td (2023 ) Tj ET Q q 0 0 0 rg BT 156.11 186.25 Td (Euro ) Tj ET Q q 0 0 0 rg BT 173.80 186.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 192.39 186.25 Td (that ) Tj ET Q q 0 0 0 rg BT 206.53 186.25 Td (were ) Tj ET Q q 0 0 0 rg BT 224.21 186.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 260.13 186.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 276.05 186.25 Td (in ) Tj ET Q q 0 0 0 rg BT 284.42 186.25 Td (kind ) Tj ET Q q 0 0 0 rg BT 300.79 186.25 Td (are ) Tj ET Q q 0 0 0 rg BT 312.70 186.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 345.49 186.25 Td (as ) Tj ET Q q 0 0 0 rg BT 354.30 186.25 Td (a ) Tj ET Q q 0 0 0 rg BT 360.00 186.25 Td (component ) Tj ET Q q 0 0 0 rg BT 397.69 186.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.50 186.25 Td (other ) Tj ET Q q 0 0 0 rg BT 425.08 186.25 Td (non-current ) Tj ET Q q 0 0 0 rg BT 464.54 186.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 496.46 186.25 Td (\(see ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.48 186.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 529.18 186.25 Td (1) Tj ET Q q 0 0 0 rg BT 532.88 186.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 541.02 186.25 Td ("Other ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 176.65 Td (Liabilities") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.20 176.65 Td (\) ) Tj ET Q q 0 0 0 rg BT 90.21 176.65 Td (and ) Tj ET Q q 0 0 0 rg BT 104.10 176.65 Td (bear ) Tj ET Q q 0 0 0 rg BT 120.20 176.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 146.09 176.65 Td (per ) Tj ET Q q 0 0 0 rg BT 158.64 176.65 Td (annum ) Tj ET Q q 0 0 0 rg BT 182.76 176.65 Td (at ) Tj ET Q q 0 0 0 rg BT 190.87 176.65 Td (the ) Tj ET Q q 0 0 0 rg BT 202.98 176.65 Td (applicable ) Tj ET Q q 0 0 0 rg BT 238.20 176.65 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 273.40 176.65 Td (Fee ) Tj ET Q q 0 0 0 rg BT 287.29 176.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 301.62 176.65 Td (\(as ) Tj ET Q q 0 0 0 rg BT 313.29 176.65 Td (set ) Tj ET Q q 0 0 0 rg BT 324.52 176.65 Td (forth ) Tj ET Q q 0 0 0 rg BT 342.41 176.65 Td (in ) Tj ET Q q 0 0 0 rg BT 350.97 176.65 Td (the ) Tj ET Q q 0 0 0 rg BT 363.08 176.65 Td (table ) Tj ET Q q 0 0 0 rg BT 380.97 176.65 Td (below\). ) Tj ET Q q 0 0 0 rg BT 407.52 176.65 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 442.73 176.65 Td (Fees ) Tj ET Q q 0 0 0 rg BT 459.73 176.65 Td (are ) Tj ET Q q 0 0 0 rg BT 471.84 176.65 Td (included ) Tj ET Q q 0 0 0 rg BT 501.73 176.65 Td (in ) Tj ET Q q 0 0 0 rg BT 510.29 176.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 526.84 176.65 Td (flows ) Tj ET Q q 0 0 0 rg BT 546.96 176.65 Td (from ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 167.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 81.71 167.05 Td (activities ) Tj ET Q q 0 0 0 rg BT 112.59 167.05 Td (in ) Tj ET Q q 0 0 0 rg BT 120.81 167.05 Td (our ) Tj ET Q q 0 0 0 rg BT 133.48 167.05 Td (condensed ) Tj ET Q q 0 0 0 rg BT 169.24 167.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 211.68 167.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 247.45 167.05 Td (of ) Tj ET Q q 0 0 0 rg BT 256.11 167.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 272.32 167.05 Td (flows.) Tj ET Q endstream endobj 115 0 obj <>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (54) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 723.45 Td (Inter) Tj ET Q q 0 0 0 rg BT 64.75 723.45 Td (est Rate Summary) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 675.95 226.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.00 675.95 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 675.95 13.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 675.95 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 675.95 13.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 675.95 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 675.95 13.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 675.95 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 649.95 226.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.00 649.95 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 649.95 13.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 649.95 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 649.95 13.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 649.95 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 649.95 13.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 649.95 62.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 276 675.95 m 338 675.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 351 675.95 m 413 675.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 426 675.95 m 488 675.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501 675.95 m 563 675.95 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.50 680.18 Td (Base Rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.35 704.18 Td (Rate Fixed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.25 696.18 Td (Pursuant to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.95 688.18 Td (Inter) Tj ET Q q 0 0 0 rg BT 382.21 688.18 Td (est Rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.60 680.18 Td (Hedges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.05 688.18 Td (Guarantee Fee) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.50 680.18 Td (Rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.90 688.18 Td (All-in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.75 680.18 Td (Borr) Tj ET Q q 0 0 0 rg BT 521.04 680.18 Td (owing Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 667.20 Td (2021 ) Tj ET Q q 0 0 0 rg BT 70.50 667.20 Td (Euro ) Tj ET Q q 0 0 0 rg BT 88.05 667.20 Td (Loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.80 667.20 Td (1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.80 667.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.80 667.20 Td (0.31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.80 667.20 Td (%) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 415.50 671.31 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.80 667.20 Td (1.66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.80 667.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 667.20 Td (3.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.80 667.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 654.20 Td (2023 ) Tj ET Q q 0 0 0 rg BT 70.50 654.20 Td (Euro ) Tj ET Q q 0 0 0 rg BT 88.05 654.20 Td (Loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.80 654.20 Td (1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.80 654.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.80 654.20 Td (0.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.80 654.20 Td (%) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 415.50 658.31 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.80 654.20 Td (2.19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.80 654.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 654.20 Td (3.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.80 654.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 641.20 Td (2023 ) Tj ET Q q 0 0 0 rg BT 70.50 641.20 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 105.83 641.20 Td (Credit ) Tj ET Q q 0 0 0 rg BT 127.83 641.20 Td (Facility ) Tj ET Q q 0 0 0 rg BT 154.27 641.20 Td (\(if ) Tj ET Q q 0 0 0 rg BT 163.82 641.20 Td (drawn\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.80 641.20 Td (6.31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.80 641.20 Td (%) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 340.50 645.31 Td (\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.80 641.20 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 641.20 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 641.20 Td (6.31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.80 641.20 Td (%) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 628.48 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 624.85 Td (Ef) Tj ET Q q 0 0 0 rg BT 70.41 624.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 93.78 624.85 Td (until ) Tj ET Q q 0 0 0 rg BT 110.06 624.85 Td (November ) Tj ET Q q 0 0 0 rg BT 145.44 624.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 153.05 624.85 Td (2019. ) Tj ET Q q 0 0 0 rg BT 172.66 624.85 Td (From ) Tj ET Q q 0 0 0 rg BT 191.61 624.85 Td (November ) Tj ET Q q 0 0 0 rg BT 226.98 624.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 234.59 624.85 Td (2019 ) Tj ET Q q 0 0 0 rg BT 252.21 624.85 Td (through ) Tj ET Q q 0 0 0 rg BT 278.70 624.85 Td (maturity ) Tj ET Q q 0 0 0 rg BT 307.42 624.85 Td (on ) Tj ET Q q 0 0 0 rg BT 317.03 624.85 Td (November ) Tj ET Q q 0 0 0 rg BT 352.41 624.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 360.02 624.85 Td (2021, ) Tj ET Q q 0 0 0 rg BT 379.63 624.85 Td (the ) Tj ET Q q 0 0 0 rg BT 391.02 624.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 404.62 624.85 Td (fixed ) Tj ET Q q 0 0 0 rg BT 422.66 624.85 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 451.83 624.85 Td (to ) Tj ET Q q 0 0 0 rg BT 459.66 624.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 484.82 624.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 498.42 624.85 Td (hedges ) Tj ET Q q 0 0 0 rg BT 522.24 624.85 Td (will ) Tj ET Q q 0 0 0 rg BT 536.30 624.85 Td (increase ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 615.25 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.48 615.25 Td (0.47%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 91.15 615.25 Td (, ) Tj ET Q q 0 0 0 rg BT 94.40 615.25 Td (with ) Tj ET Q q 0 0 0 rg BT 109.89 615.25 Td (a ) Tj ET Q q 0 0 0 rg BT 114.70 615.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 161.72 615.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 190.51 615.25 Td (in ) Tj ET Q q 0 0 0 rg BT 197.99 615.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.02 615.25 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 243.15 615.25 Td (Fee ) Tj ET Q q 0 0 0 rg BT 255.96 615.25 Td (rate, ) Tj ET Q q 0 0 0 rg BT 271.21 615.25 Td (such ) Tj ET Q q 0 0 0 rg BT 287.13 615.25 Td (that ) Tj ET Q q 0 0 0 rg BT 300.38 615.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.42 615.25 Td (all-in ) Tj ET Q q 0 0 0 rg BT 329.56 615.25 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 364.14 615.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 377.39 615.25 Td (remains ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.97 615.25 Td (3.25%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.64 615.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.90 615.25 Td (if ) Tj ET Q q 0 0 0 rg BT 432.04 615.25 Td (our ) Tj ET Q q 0 0 0 rg BT 443.97 615.25 Td (net ) Tj ET Q q 0 0 0 rg BT 455.00 615.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 483.35 615.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 499.27 615.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 525.85 615.25 Td (unchanged.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 606.27 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 602.65 Td (Ef) Tj ET Q q 0 0 0 rg BT 70.41 602.65 Td (fective ) Tj ET Q q 0 0 0 rg BT 94.07 602.65 Td (until ) Tj ET Q q 0 0 0 rg BT 110.64 602.65 Td (February ) Tj ET Q q 0 0 0 rg BT 141.42 602.65 Td (19, ) Tj ET Q q 0 0 0 rg BT 153.32 602.65 Td (2021. ) Tj ET Q q 0 0 0 rg BT 173.22 602.65 Td (From ) Tj ET Q q 0 0 0 rg BT 192.46 602.65 Td (February ) Tj ET Q q 0 0 0 rg BT 223.24 602.65 Td (19, ) Tj ET Q q 0 0 0 rg BT 235.14 602.65 Td (2021 ) Tj ET Q q 0 0 0 rg BT 253.04 602.65 Td (through ) Tj ET Q q 0 0 0 rg BT 279.83 602.65 Td (maturity ) Tj ET Q q 0 0 0 rg BT 308.84 602.65 Td (on ) Tj ET Q q 0 0 0 rg BT 318.32 602.65 Td (April ) Tj ET Q q 0 0 0 rg BT 337.11 602.65 Td (26, ) Tj ET Q q 0 0 0 rg BT 349.01 602.65 Td (2023, ) Tj ET Q q 0 0 0 rg BT 368.91 602.65 Td (the ) Tj ET Q q 0 0 0 rg BT 380.58 602.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 394.47 602.65 Td (fixed ) Tj ET Q q 0 0 0 rg BT 412.81 602.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 442.27 602.65 Td (to ) Tj ET Q q 0 0 0 rg BT 450.39 602.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 475.84 602.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 489.73 602.65 Td (hedges ) Tj ET Q q 0 0 0 rg BT 513.84 602.65 Td (will ) Tj ET Q q 0 0 0 rg BT 528.19 602.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 556.29 602.65 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 593.05 Td (0.97%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.66 593.05 Td (, ) Tj ET Q q 0 0 0 rg BT 87.23 593.05 Td (with ) Tj ET Q q 0 0 0 rg BT 103.03 593.05 Td (a ) Tj ET Q q 0 0 0 rg BT 108.15 593.05 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 155.48 593.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 184.59 593.05 Td (in ) Tj ET Q q 0 0 0 rg BT 192.38 593.05 Td (the ) Tj ET Q q 0 0 0 rg BT 203.72 593.05 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 238.16 593.05 Td (Fee ) Tj ET Q q 0 0 0 rg BT 251.28 593.05 Td (rate, ) Tj ET Q q 0 0 0 rg BT 266.84 593.05 Td (such ) Tj ET Q q 0 0 0 rg BT 283.07 593.05 Td (that ) Tj ET Q q 0 0 0 rg BT 296.64 593.05 Td (the ) Tj ET Q q 0 0 0 rg BT 307.98 593.05 Td (all-in ) Tj ET Q q 0 0 0 rg BT 326.44 593.05 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 361.34 593.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 374.89 593.05 Td (remains ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.79 593.05 Td (3.75%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.45 593.05 Td ( ) Tj ET Q q 0 0 0 rg BT 424.02 593.05 Td (if ) Tj ET Q q 0 0 0 rg BT 430.48 593.05 Td (our ) Tj ET Q q 0 0 0 rg BT 442.71 593.05 Td (net ) Tj ET Q q 0 0 0 rg BT 454.06 593.05 Td (leverage ) Tj ET Q q 0 0 0 rg BT 482.72 593.05 Td (ratio ) Tj ET Q q 0 0 0 rg BT 498.95 593.05 Td (remains ) Tj ET Q q 0 0 0 rg BT 525.84 593.05 Td (unchanged.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 584.08 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 580.45 Td (Based ) Tj ET Q q 0 0 0 rg BT 84.55 580.45 Td (on ) Tj ET Q q 0 0 0 rg BT 94.55 580.45 Td (the ) Tj ET Q q 0 0 0 rg BT 106.32 580.45 Td (three ) Tj ET Q q 0 0 0 rg BT 124.31 580.45 Td (month ) Tj ET Q q 0 0 0 rg BT 146.76 580.45 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 172.76 580.45 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.42 580.45 Td (2.81%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 202.09 580.45 Td ( ) Tj ET Q q 0 0 0 rg BT 204.09 580.45 Td (as ) Tj ET Q q 0 0 0 rg BT 212.75 580.45 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.52 580.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 267.39 580.45 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.39 580.45 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 561.85 Td (2023 ) Tj ET Q q 0 0 0 rg BT 67.50 561.85 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 101.48 561.85 Td (Cr) Tj ET Q q 0 0 0 rg BT 109.64 561.85 Td (edit ) Tj ET Q q 0 0 0 rg BT 123.63 561.85 Td (Facility) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 543.25 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 543.25 Td (e ) Tj ET Q q 0 0 0 rg BT 61.96 543.25 Td (had ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.51 543.25 Td (no) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.51 543.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.51 543.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 111.94 543.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 151.27 543.25 Td (under ) Tj ET Q q 0 0 0 rg BT 171.48 543.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.26 543.25 Td (US$) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.48 543.25 Td (75.0 ) Tj ET Q q 0 0 0 rg BT 215.48 543.25 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.60 543.25 Td ( ) Tj ET Q q 0 0 0 rg BT 240.60 543.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 273.26 543.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 293.47 543.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 318.13 543.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 332.56 543.25 Td (2023 ) Tj ET Q q 0 0 0 rg BT 354.11 543.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 389.45 543.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 411.44 543.25 Td (Facility\) ) Tj ET Q q 0 0 0 rg BT 444.10 543.25 Td (as ) Tj ET Q q 0 0 0 rg BT 452.76 543.25 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.54 543.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 507.40 543.25 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.40 543.25 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 527.65 Td (The ) Tj ET Q q 0 0 0 rg BT 63.49 527.65 Td (2023 ) Tj ET Q q 0 0 0 rg BT 81.04 527.65 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 115.93 527.65 Td (Credit ) Tj ET Q q 0 0 0 rg BT 137.48 527.65 Td (Facility ) Tj ET Q q 0 0 0 rg BT 163.48 527.65 Td (bears ) Tj ET Q q 0 0 0 rg BT 181.91 527.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 207.01 527.65 Td (at ) Tj ET Q q 0 0 0 rg BT 214.34 527.65 Td (a ) Tj ET Q q 0 0 0 rg BT 219.44 527.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 232.98 527.65 Td (per ) Tj ET Q q 0 0 0 rg BT 244.75 527.65 Td (annum ) Tj ET Q q 0 0 0 rg BT 268.08 527.65 Td (based ) Tj ET Q q 0 0 0 rg BT 287.85 527.65 Td (on, ) Tj ET Q q 0 0 0 rg BT 299.40 527.65 Td (at ) Tj ET Q q 0 0 0 rg BT 306.73 527.65 Td (our ) Tj ET Q q 0 0 0 rg BT 318.95 527.65 Td (option, ) Tj ET Q q 0 0 0 rg BT 342.94 527.65 Td (an ) Tj ET Q q 0 0 0 rg BT 352.05 527.65 Td (alternate ) Tj ET Q q 0 0 0 rg BT 381.14 527.65 Td (base ) Tj ET Q q 0 0 0 rg BT 396.91 527.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 410.45 527.65 Td (\("ABR ) Tj ET Q q 0 0 0 rg BT 434.38 527.65 Td (Loans" ) Tj ET Q q 0 0 0 rg BT 458.75 527.65 Td (as ) Tj ET Q q 0 0 0 rg BT 466.97 527.65 Td (defined ) Tj ET Q q 0 0 0 rg BT 492.51 527.65 Td (in ) Tj ET Q q 0 0 0 rg BT 500.29 527.65 Td (the ) Tj ET Q q 0 0 0 rg BT 511.61 527.65 Td (2023 ) Tj ET Q q 0 0 0 rg BT 529.17 527.65 Td (Revolving ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 518.05 Td (Credit ) Tj ET Q q 0 0 0 rg BT 71.65 518.05 Td (Facility ) Tj ET Q q 0 0 0 rg BT 97.77 518.05 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 138.13 518.05 Td (plusthe ) Tj ET Q q 0 0 0 rg BT 165.40 518.05 Td (spread ) Tj ET Q q 0 0 0 rg BT 188.43 518.05 Td (applicable ) Tj ET Q q 0 0 0 rg BT 223.46 518.05 Td (to ) Tj ET Q q 0 0 0 rg BT 231.36 518.05 Td (ABR ) Tj ET Q q 0 0 0 rg BT 249.97 518.05 Td (Loans ) Tj ET Q q 0 0 0 rg BT 271.68 518.05 Td (based ) Tj ET Q q 0 0 0 rg BT 292.05 518.05 Td (on ) Tj ET Q q 0 0 0 rg BT 302.20 518.05 Td (our ) Tj ET Q q 0 0 0 rg BT 315.02 518.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 357.61 518.05 Td (net ) Tj ET Q q 0 0 0 rg BT 369.54 518.05 Td (leverage ) Tj ET Q q 0 0 0 rg BT 398.79 518.05 Td (or ) Tj ET Q q 0 0 0 rg BT 407.61 518.05 Td (an ) Tj ET Q q 0 0 0 rg BT 417.32 518.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 443.47 518.05 Td (equal ) Tj ET Q q 0 0 0 rg BT 462.95 518.05 Td (to ) Tj ET Q q 0 0 0 rg BT 471.33 518.05 Td (the ) Tj ET Q q 0 0 0 rg BT 483.26 518.05 Td (greater ) Tj ET Q q 0 0 0 rg BT 507.62 518.05 Td (of ) Tj ET Q q 0 0 0 rg BT 516.44 518.05 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 526.15 518.05 Td (an ) Tj ET Q q 0 0 0 rg BT 535.85 518.05 Td (adjusted ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 508.45 Td (LIBO ) Tj ET Q q 0 0 0 rg BT 69.66 508.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 83.15 508.45 Td (and ) Tj ET Q q 0 0 0 rg BT 96.20 508.45 Td (\(ii\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 107.47 508.45 Td (1.0%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 124.14 508.45 Td (, ) Tj ET Q q 0 0 0 rg BT 127.64 508.45 Td (plus ) Tj ET Q q 0 0 0 rg BT 142.47 508.45 Td (the ) Tj ET Q q 0 0 0 rg BT 153.74 508.45 Td (spread ) Tj ET Q q 0 0 0 rg BT 176.12 508.45 Td (applicable ) Tj ET Q q 0 0 0 rg BT 210.49 508.45 Td (to ) Tj ET Q q 0 0 0 rg BT 218.21 508.45 Td (the ) Tj ET Q q 0 0 0 rg BT 229.49 508.45 Td (Eurodollar ) Tj ET Q q 0 0 0 rg BT 265.20 508.45 Td (Loans ) Tj ET Q q 0 0 0 rg BT 286.25 508.45 Td (\(as ) Tj ET Q q 0 0 0 rg BT 297.07 508.45 Td (defined ) Tj ET Q q 0 0 0 rg BT 322.56 508.45 Td (in ) Tj ET Q q 0 0 0 rg BT 330.28 508.45 Td (the ) Tj ET Q q 0 0 0 rg BT 341.55 508.45 Td (2023 ) Tj ET Q q 0 0 0 rg BT 359.05 508.45 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 393.88 508.45 Td (Credit ) Tj ET Q q 0 0 0 rg BT 415.38 508.45 Td (Facility ) Tj ET Q q 0 0 0 rg BT 440.99 508.45 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 480.69 508.45 Td (based ) Tj ET Q q 0 0 0 rg BT 500.40 508.45 Td (on ) Tj ET Q q 0 0 0 rg BT 509.90 508.45 Td (our ) Tj ET Q q 0 0 0 rg BT 522.07 508.45 Td (consolidated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 498.85 Td (net ) Tj ET Q q 0 0 0 rg BT 61.65 498.85 Td (leverage ) Tj ET Q q 0 0 0 rg BT 91.11 498.85 Td (ratio ) Tj ET Q q 0 0 0 rg BT 108.14 498.85 Td (\(as ) Tj ET Q q 0 0 0 rg BT 119.84 498.85 Td (defined ) Tj ET Q q 0 0 0 rg BT 146.21 498.85 Td (in ) Tj ET Q q 0 0 0 rg BT 154.80 498.85 Td (the ) Tj ET Q q 0 0 0 rg BT 166.95 498.85 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 219.45 498.85 Td (Agreement\), ) Tj ET Q q 0 0 0 rg BT 262.03 498.85 Td (with ) Tj ET Q q 0 0 0 rg BT 278.62 498.85 Td (all ) Tj ET Q q 0 0 0 rg BT 288.99 498.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 318.48 498.85 Td (payable ) Tj ET Q q 0 0 0 rg BT 345.72 498.85 Td (in ) Tj ET Q q 0 0 0 rg BT 354.32 498.85 Td (cash. ) Tj ET Q q 0 0 0 rg BT 372.74 498.85 Td (The ) Tj ET Q q 0 0 0 rg BT 387.55 498.85 Td (maturity ) Tj ET Q q 0 0 0 rg BT 417.03 498.85 Td (date ) Tj ET Q q 0 0 0 rg BT 432.72 498.85 Td (of ) Tj ET Q q 0 0 0 rg BT 441.76 498.85 Td (the ) Tj ET Q q 0 0 0 rg BT 453.91 498.85 Td (2023 ) Tj ET Q q 0 0 0 rg BT 472.28 498.85 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 507.98 498.85 Td (Credit ) Tj ET Q q 0 0 0 rg BT 530.35 498.85 Td (Facility ) Tj ET Q q 0 0 0 rg BT 557.17 498.85 Td (is ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 489.25 Td (April ) Tj ET Q q 0 0 0 rg BT 68.39 489.25 Td (26, ) Tj ET Q q 0 0 0 rg BT 80.39 489.25 Td (2023. ) Tj ET Q q 0 0 0 rg BT 100.24 489.25 Td (When ) Tj ET Q q 0 0 0 rg BT 121.34 489.25 Td (drawn, ) Tj ET Q q 0 0 0 rg BT 145.34 489.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.11 489.25 Td (2023 ) Tj ET Q q 0 0 0 rg BT 175.11 489.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 210.44 489.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 232.44 489.25 Td (Facility ) Tj ET Q q 0 0 0 rg BT 258.88 489.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 284.88 489.25 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 324.64 489.25 Td (at ) Tj ET Q q 0 0 0 rg BT 332.41 489.25 Td (our ) Tj ET Q q 0 0 0 rg BT 345.07 489.25 Td (option ) Tj ET Q q 0 0 0 rg BT 367.52 489.25 Td (in ) Tj ET Q q 0 0 0 rg BT 375.74 489.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 397.29 489.25 Td (or ) Tj ET Q q 0 0 0 rg BT 405.96 489.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.18 489.25 Td (part ) Tj ET Q q 0 0 0 rg BT 428.62 489.25 Td (without ) Tj ET Q q 0 0 0 rg BT 455.06 489.25 Td (penalty) Tj ET Q q 0 0 0 rg BT 478.09 489.25 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 473.65 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 79.50 473.65 Td (to ) Tj ET Q q 0 0 0 rg BT 87.72 473.65 Td (the ) Tj ET Q q 0 0 0 rg BT 99.50 473.65 Td (Financing ) Tj ET Q q 0 0 0 rg BT 133.35 473.65 Td (T) Tj ET Q q 0 0 0 rg BT 137.95 473.65 Td (ransactions, ) Tj ET Q q 0 0 0 rg BT 177.94 473.65 Td (the ) Tj ET Q q 0 0 0 rg BT 189.71 473.65 Td (following ) Tj ET Q q 0 0 0 rg BT 222.82 473.65 Td (spreads ) Tj ET Q q 0 0 0 rg BT 248.82 473.65 Td (are ) Tj ET Q q 0 0 0 rg BT 260.58 473.65 Td (applicable:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 436.15 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 436.15 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 78.50 436.15 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 436.15 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.50 436.15 320.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 436.15 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 436.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 436.15 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 410.15 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 410.15 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 78.50 410.15 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 410.15 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.50 410.15 320.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 410.15 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 410.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 410.15 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 384.15 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 384.15 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 78.50 384.15 8.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 86.50 384.15 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.50 384.15 320.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 384.15 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 384.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 384.15 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 436.15 m 491.5 436.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 436.15 m 560.5 436.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 440.38 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 99.90 440.38 Td (Net ) Tj ET Q q 0 0 0 rg BT 113.89 440.38 Td (Leverage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.55 448.38 Td (Alternate Base) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.10 440.38 Td (Rate Loans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.50 448.38 Td (Eur) Tj ET Q q 0 0 0 rg BT 532.69 448.38 Td (odollar) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.10 440.38 Td (Loans) Tj ET Q BT /F1 8.00 Tf ET /GS0 gs q 4.39 0 0 8.27 53.00 425.68 cm /I26 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.00 427.40 Td (7.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 427.40 Td (5.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.30 427.40 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 427.40 Td (6.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 427.40 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 414.40 Td (<) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.00 414.40 Td (7.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.65 414.40 Td (-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 414.40 Td (6.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 414.40 Td (4.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.30 414.40 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 414.40 Td (5.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 414.40 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 401.40 Td (<) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.00 401.40 Td (6.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.65 401.40 Td (-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 401.40 Td (5.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 401.40 Td (3.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.30 401.40 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 401.40 Td (4.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 401.40 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 388.40 Td (<) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.00 388.40 Td (5.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.65 388.40 Td (-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 388.40 Td (4.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 388.40 Td (3.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.30 388.40 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 388.40 Td (4.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 388.40 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 375.40 Td (<) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.00 375.40 Td (4.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 80.65 375.40 Td (-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 89.00 375.40 Td (3.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 375.40 Td (2.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.30 375.40 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 375.40 Td (3.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 375.40 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 362.40 Td (<) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.00 362.40 Td (3.0x) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.30 362.40 Td (2.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.30 362.40 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 362.40 Td (3.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 362.40 Td (%) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 343.05 Td (The ) Tj ET Q q 0 0 0 rg BT 63.68 343.05 Td (2023 ) Tj ET Q q 0 0 0 rg BT 81.43 343.05 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 116.50 343.05 Td (Credit ) Tj ET Q q 0 0 0 rg BT 138.25 343.05 Td (Facility ) Tj ET Q q 0 0 0 rg BT 164.43 343.05 Td (is ) Tj ET Q q 0 0 0 rg BT 171.51 343.05 Td (jointly ) Tj ET Q q 0 0 0 rg BT 194.15 343.05 Td (and ) Tj ET Q q 0 0 0 rg BT 207.45 343.05 Td (severally ) Tj ET Q q 0 0 0 rg BT 238.07 343.05 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 274.90 343.05 Td (by ) Tj ET Q q 0 0 0 rg BT 284.65 343.05 Td (CMENV) Tj ET Q q 0 0 0 rg BT 315.39 343.05 Td ( ) Tj ET Q q 0 0 0 rg BT 317.14 343.05 Td (and ) Tj ET Q q 0 0 0 rg BT 330.43 343.05 Td (CMEBV) Tj ET Q q 0 0 0 rg BT 360.74 343.05 Td ( ) Tj ET Q q 0 0 0 rg BT 362.48 343.05 Td (and ) Tj ET Q q 0 0 0 rg BT 375.78 343.05 Td (is ) Tj ET Q q 0 0 0 rg BT 382.86 343.05 Td (secured ) Tj ET Q q 0 0 0 rg BT 409.03 343.05 Td (by ) Tj ET Q q 0 0 0 rg BT 418.78 343.05 Td (a ) Tj ET Q q 0 0 0 rg BT 424.08 343.05 Td (pledge ) Tj ET Q q 0 0 0 rg BT 447.14 343.05 Td (over ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.10 343.05 Td (100%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.77 343.05 Td ( ) Tj ET Q q 0 0 0 rg BT 483.51 343.05 Td (of ) Tj ET Q q 0 0 0 rg BT 491.92 343.05 Td (the ) Tj ET Q q 0 0 0 rg BT 503.44 343.05 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 542.52 343.05 Td (shares ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 333.45 Td (of ) Tj ET Q q 0 0 0 rg BT 58.13 333.45 Td (each ) Tj ET Q q 0 0 0 rg BT 74.75 333.45 Td (of ) Tj ET Q q 0 0 0 rg BT 83.38 333.45 Td (CMENV) Tj ET Q q 0 0 0 rg BT 114.13 333.45 Td ( ) Tj ET Q q 0 0 0 rg BT 116.09 333.45 Td (and ) Tj ET Q q 0 0 0 rg BT 129.61 333.45 Td (CMEBV) Tj ET Q q 0 0 0 rg BT 159.03 333.45 Td (. ) Tj ET Q q 0 0 0 rg BT 162.85 333.45 Td (The ) Tj ET Q q 0 0 0 rg BT 177.26 333.45 Td (2023 ) Tj ET Q q 0 0 0 rg BT 195.23 333.45 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 230.52 333.45 Td (Credit ) Tj ET Q q 0 0 0 rg BT 252.49 333.45 Td (Facility ) Tj ET Q q 0 0 0 rg BT 278.90 333.45 Td (agreement ) Tj ET Q q 0 0 0 rg BT 314.17 333.45 Td (contains ) Tj ET Q q 0 0 0 rg BT 342.80 333.45 Td (limitations ) Tj ET Q q 0 0 0 rg BT 378.99 333.45 Td (on ) Tj ET Q q 0 0 0 rg BT 388.96 333.45 Td (CME) Tj ET Q q 0 0 0 rg BT 408.52 333.45 Td (s ) Tj ET Q q 0 0 0 rg BT 413.60 333.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 436.00 333.45 Td (to ) Tj ET Q q 0 0 0 rg BT 444.19 333.45 Td (incur ) Tj ET Q q 0 0 0 rg BT 462.60 333.45 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 507.89 333.45 Td (incur ) Tj ET Q q 0 0 0 rg BT 526.29 333.45 Td (guarantees, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 323.85 Td (grant ) Tj ET Q q 0 0 0 rg BT 67.63 323.85 Td (liens, ) Tj ET Q q 0 0 0 rg BT 86.44 323.85 Td (pay ) Tj ET Q q 0 0 0 rg BT 99.69 323.85 Td (dividends ) Tj ET Q q 0 0 0 rg BT 132.50 323.85 Td (or ) Tj ET Q q 0 0 0 rg BT 140.86 323.85 Td (make ) Tj ET Q q 0 0 0 rg BT 159.88 323.85 Td (other ) Tj ET Q q 0 0 0 rg BT 178.01 323.85 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 221.71 323.85 Td (enter ) Tj ET Q q 0 0 0 rg BT 239.40 323.85 Td (into ) Tj ET Q q 0 0 0 rg BT 253.54 323.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 277.00 323.85 Td (af) Tj ET Q q 0 0 0 rg BT 283.07 323.85 Td (filiate ) Tj ET Q q 0 0 0 rg BT 303.43 323.85 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 345.33 323.85 Td (consolidate, ) Tj ET Q q 0 0 0 rg BT 385.46 323.85 Td (mer) Tj ET Q q 0 0 0 rg BT 397.76 323.85 Td (ge ) Tj ET Q q 0 0 0 rg BT 407.01 323.85 Td (or ) Tj ET Q q 0 0 0 rg BT 415.37 323.85 Td (ef) Tj ET Q q 0 0 0 rg BT 421.44 323.85 Td (fect ) Tj ET Q q 0 0 0 rg BT 435.12 323.85 Td (a ) Tj ET Q q 0 0 0 rg BT 440.37 323.85 Td (corporate ) Tj ET Q q 0 0 0 rg BT 472.27 323.85 Td (reconstruction, ) Tj ET Q q 0 0 0 rg BT 521.73 323.85 Td (make ) Tj ET Q q 0 0 0 rg BT 540.75 323.85 Td (certain ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 314.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 90.30 314.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 131.10 314.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.24 314.25 Td (loans, ) Tj ET Q q 0 0 0 rg BT 166.71 314.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.84 314.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 208.75 314.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 233.09 314.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 251.23 314.25 Td (sales. ) Tj ET Q q 0 0 0 rg BT 271.17 314.25 Td (The ) Tj ET Q q 0 0 0 rg BT 286.19 314.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 322.09 314.25 Td (also ) Tj ET Q q 0 0 0 rg BT 337.56 314.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 366.80 314.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 409.81 314.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 444.38 314.25 Td (in ) Tj ET Q q 0 0 0 rg BT 453.18 314.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 478.42 314.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.67 314.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 513.80 314.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 534.15 314.25 Td (and ) Tj ET Q q 0 0 0 rg BT 548.28 314.25 Td (total ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 304.65 Td (leverage ) Tj ET Q q 0 0 0 rg BT 78.04 304.65 Td (ratios, ) Tj ET Q q 0 0 0 rg BT 99.27 304.65 Td (and ) Tj ET Q q 0 0 0 rg BT 112.27 304.65 Td (has ) Tj ET Q q 0 0 0 rg BT 124.39 304.65 Td (covenants ) Tj ET Q q 0 0 0 rg BT 157.83 304.65 Td (in ) Tj ET Q q 0 0 0 rg BT 165.50 304.65 Td (respect ) Tj ET Q q 0 0 0 rg BT 189.61 304.65 Td (of ) Tj ET Q q 0 0 0 rg BT 197.72 304.65 Td (incurring ) Tj ET Q q 0 0 0 rg BT 228.50 304.65 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 273.28 304.65 Td (the ) Tj ET Q q 0 0 0 rg BT 284.50 304.65 Td (provision ) Tj ET Q q 0 0 0 rg BT 316.18 304.65 Td (of ) Tj ET Q q 0 0 0 rg BT 324.29 304.65 Td (guarantees, ) Tj ET Q q 0 0 0 rg BT 361.95 304.65 Td (making ) Tj ET Q q 0 0 0 rg BT 387.40 304.65 Td (investments ) Tj ET Q q 0 0 0 rg BT 427.07 304.65 Td (and ) Tj ET Q q 0 0 0 rg BT 440.07 304.65 Td (disposals, ) Tj ET Q q 0 0 0 rg BT 472.86 304.65 Td (granting ) Tj ET Q q 0 0 0 rg BT 500.97 304.65 Td (security ) Tj ET Q q 0 0 0 rg BT 527.75 304.65 Td (and ) Tj ET Q q 0 0 0 rg BT 540.75 304.65 Td (certain ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 295.05 Td (events ) Tj ET Q q 0 0 0 rg BT 71.94 295.05 Td (of ) Tj ET Q q 0 0 0 rg BT 80.60 295.05 Td (defaults.) Tj ET Q endstream endobj 117 0 obj <>] /Rotate 0 /Contents 118 0 R>> endobj 118 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (55) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (Other) Tj ET Q q 0 0 0 rg BT 69.79 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 71.79 723.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 80.98 723.60 Td (edit ) Tj ET Q q 0 0 0 rg BT 95.86 723.60 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 128.52 723.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.42 723.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 170.75 723.60 Td (Lease ) Tj ET Q q 0 0 0 rg BT 192.30 723.60 Td (Obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (Other credit facilities and capital lease obligations comprised the following at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.86 708.00 Td (December31, 2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.73 708.00 Td ( and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.28 708.00 Td (December31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 708.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 684.50 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 684.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 684.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 684.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 658.50 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 658.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 658.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 658.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 632.50 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 632.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 632.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 632.50 90.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 379 684.5 m 469 684.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 473 684.5 m 563 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 658.5 m 469 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 658.5 m 563 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 632.5 m 469 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 620.5 m 469 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 618.5 m 469 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 632.5 m 563 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 620.5 m 563 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 618.5 m 563 618.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 688.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.00 688.73 Td (December) Tj ET Q q 0 0 0 rg BT 435.57 688.73 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.00 688.73 Td (December) Tj ET Q q 0 0 0 rg BT 529.50 688.73 Td ( 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 675.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 74.50 675.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 104.04 675.75 Td ( ) Tj ET Q q 0 0 0 rg BT 106.04 675.75 Td ( ) Tj ET Q q 0 0 0 rg BT 108.04 675.75 Td ( ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 110.04 679.38 Td (\(1\) ) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 117.40 679.38 Td ( ) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 121.30 679.38 Td (\(4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 675.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 675.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.50 675.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 675.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 662.75 Td (Capital ) Tj ET Q q 0 0 0 rg BT 77.61 662.75 Td (leases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 662.75 Td (15,891) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 662.75 Td (10,193) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 649.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 649.73 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 649.73 Td (cr) Tj ET Q q 0 0 0 rg BT 79.02 649.73 Td (edit ) Tj ET Q q 0 0 0 rg BT 93.83 649.73 Td (facilities ) Tj ET Q q 0 0 0 rg BT 124.27 649.73 Td (and ) Tj ET Q q 0 0 0 rg BT 139.16 649.73 Td (capital ) Tj ET Q q 0 0 0 rg BT 164.27 649.73 Td (leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.80 649.73 Td (15,891) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.80 649.73 Td (10,193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 636.75 Td (Less: current maturities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.10 636.75 Td (\(5,545) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.80 636.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.10 636.75 Td (\(3,269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 636.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 623.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 623.73 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 623.73 Td (non-curr) Tj ET Q q 0 0 0 rg BT 102.51 623.73 Td (ent ) Tj ET Q q 0 0 0 rg BT 115.17 623.73 Td (cr) Tj ET Q q 0 0 0 rg BT 122.13 623.73 Td (edit ) Tj ET Q q 0 0 0 rg BT 137.02 623.73 Td (facilities ) Tj ET Q q 0 0 0 rg BT 167.45 623.73 Td (and ) Tj ET Q q 0 0 0 rg BT 182.35 623.73 Td (capital ) Tj ET Q q 0 0 0 rg BT 207.46 623.73 Td (leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.50 623.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.80 623.73 Td (10,346) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.50 623.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.80 623.73 Td (6,924) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 611.02 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 607.40 Td (W) Tj ET Q q 0 0 0 rg BT 74.41 607.40 Td (e ) Tj ET Q q 0 0 0 rg BT 79.25 607.40 Td (have ) Tj ET Q q 0 0 0 rg BT 95.65 607.40 Td (a ) Tj ET Q q 0 0 0 rg BT 100.50 607.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 116.00 607.40 Td (pooling ) Tj ET Q q 0 0 0 rg BT 141.74 607.40 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 183.01 607.40 Td (with ) Tj ET Q q 0 0 0 rg BT 198.53 607.40 Td (Bank ) Tj ET Q q 0 0 0 rg BT 216.71 607.40 Td (Mendes ) Tj ET Q q 0 0 0 rg BT 243.33 607.40 Td (Gans ) Tj ET Q q 0 0 0 rg BT 261.07 607.40 Td (\(BMG\), ) Tj ET Q q 0 0 0 rg BT 295.02 607.40 Td (a ) Tj ET Q q 0 0 0 rg BT 299.86 607.40 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 334.04 607.40 Td (of ) Tj ET Q q 0 0 0 rg BT 342.00 607.40 Td (ING ) Tj ET Q q 0 0 0 rg BT 357.51 607.40 Td (Bank ) Tj ET Q q 0 0 0 rg BT 375.70 607.40 Td (N.V) Tj ET Q q 0 0 0 rg BT 388.22 607.40 Td (. ) Tj ET Q q 0 0 0 rg BT 391.51 607.40 Td (\(ING\), ) Tj ET Q q 0 0 0 rg BT 421.46 607.40 Td (which ) Tj ET Q q 0 0 0 rg BT 442.30 607.40 Td (enables ) Tj ET Q q 0 0 0 rg BT 467.58 607.40 Td (us ) Tj ET Q q 0 0 0 rg BT 475.99 607.40 Td (to ) Tj ET Q q 0 0 0 rg BT 483.51 607.40 Td (receive ) Tj ET Q q 0 0 0 rg BT 507.89 607.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 527.39 607.40 Td (throughout ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 597.80 Td (the ) Tj ET Q q 0 0 0 rg BT 79.06 597.80 Td (group ) Tj ET Q q 0 0 0 rg BT 99.51 597.80 Td (in ) Tj ET Q q 0 0 0 rg BT 107.52 597.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 131.96 597.80 Td (of ) Tj ET Q q 0 0 0 rg BT 140.41 597.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 156.41 597.80 Td (balances ) Tj ET Q q 0 0 0 rg BT 185.73 597.80 Td (which ) Tj ET Q q 0 0 0 rg BT 207.07 597.80 Td (our ) Tj ET Q q 0 0 0 rg BT 219.52 597.80 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 259.08 597.80 Td (deposit ) Tj ET Q q 0 0 0 rg BT 283.98 597.80 Td (with ) Tj ET Q q 0 0 0 rg BT 299.98 597.80 Td (BMG. ) Tj ET Q q 0 0 0 rg BT 322.00 597.80 Td (Cash ) Tj ET Q q 0 0 0 rg BT 339.78 597.80 Td (deposited ) Tj ET Q q 0 0 0 rg BT 372.23 597.80 Td (by ) Tj ET Q q 0 0 0 rg BT 382.02 597.80 Td (our ) Tj ET Q q 0 0 0 rg BT 394.47 597.80 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 434.03 597.80 Td (with ) Tj ET Q q 0 0 0 rg BT 450.03 597.80 Td (BMG ) Tj ET Q q 0 0 0 rg BT 470.05 597.80 Td (is ) Tj ET Q q 0 0 0 rg BT 477.17 597.80 Td (pledged ) Tj ET Q q 0 0 0 rg BT 504.28 597.80 Td (as ) Tj ET Q q 0 0 0 rg BT 512.73 597.80 Td (security ) Tj ET Q q 0 0 0 rg BT 539.84 597.80 Td (against ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 588.20 Td (the ) Tj ET Q q 0 0 0 rg BT 79.27 588.20 Td (drawings ) Tj ET Q q 0 0 0 rg BT 110.60 588.20 Td (of ) Tj ET Q q 0 0 0 rg BT 119.27 588.20 Td (other ) Tj ET Q q 0 0 0 rg BT 137.70 588.20 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 177.48 588.20 Td (up ) Tj ET Q q 0 0 0 rg BT 187.48 588.20 Td (to ) Tj ET Q q 0 0 0 rg BT 195.70 588.20 Td (the ) Tj ET Q q 0 0 0 rg BT 207.47 588.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 233.47 588.20 Td (deposited.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 575.60 Td (As ) Tj ET Q q 0 0 0 rg BT 78.79 575.60 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.95 575.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 134.21 575.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 150.21 575.60 Td (, ) Tj ET Q q 0 0 0 rg BT 154.61 575.60 Td (we ) Tj ET Q q 0 0 0 rg BT 166.33 575.60 Td (had ) Tj ET Q q 0 0 0 rg BT 180.28 575.60 Td (deposits ) Tj ET Q q 0 0 0 rg BT 208.89 575.60 Td (of ) Tj ET Q q 0 0 0 rg BT 217.95 575.60 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.57 575.60 Td (36.8 ) Tj ET Q q 0 0 0 rg BT 250.97 575.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.08 575.60 Td ( ) Tj ET Q q 0 0 0 rg BT 276.48 575.60 Td (in ) Tj ET Q q 0 0 0 rg BT 285.09 575.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.04 575.60 Td (no) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.04 575.60 Td ( ) Tj ET Q q 0 0 0 rg BT 309.43 575.60 Td (drawings ) Tj ET Q q 0 0 0 rg BT 341.16 575.60 Td (on ) Tj ET Q q 0 0 0 rg BT 351.55 575.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.72 575.60 Td (BMG ) Tj ET Q q 0 0 0 rg BT 384.34 575.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 400.95 575.60 Td (pool. ) Tj ET Q q 0 0 0 rg BT 419.57 575.60 Td (Interest ) Tj ET Q q 0 0 0 rg BT 445.95 575.60 Td (is ) Tj ET Q q 0 0 0 rg BT 453.68 575.60 Td (earned ) Tj ET Q q 0 0 0 rg BT 477.39 575.60 Td (on ) Tj ET Q q 0 0 0 rg BT 487.79 575.60 Td (deposits ) Tj ET Q q 0 0 0 rg BT 516.40 575.60 Td (at ) Tj ET Q q 0 0 0 rg BT 524.57 575.60 Td (the ) Tj ET Q q 0 0 0 rg BT 536.74 575.60 Td (relevant ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 566.00 Td (money ) Tj ET Q q 0 0 0 rg BT 91.27 566.00 Td (market ) Tj ET Q q 0 0 0 rg BT 115.48 566.00 Td (rate. ) Tj ET Q q 0 0 0 rg BT 131.03 566.00 Td (As ) Tj ET Q q 0 0 0 rg BT 141.92 566.00 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 149.70 566.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 196.56 566.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.56 566.00 Td (, ) Tj ET Q q 0 0 0 rg BT 216.56 566.00 Td (we ) Tj ET Q q 0 0 0 rg BT 227.89 566.00 Td (had ) Tj ET Q q 0 0 0 rg BT 241.44 566.00 Td (deposits ) Tj ET Q q 0 0 0 rg BT 269.66 566.00 Td (of ) Tj ET Q q 0 0 0 rg BT 278.33 566.00 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.55 566.00 Td (12.5 ) Tj ET Q q 0 0 0 rg BT 310.55 566.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.67 566.00 Td ( ) Tj ET Q q 0 0 0 rg BT 335.67 566.00 Td (in ) Tj ET Q q 0 0 0 rg BT 343.89 566.00 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.44 566.00 Td (no) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.44 566.00 Td ( ) Tj ET Q q 0 0 0 rg BT 367.44 566.00 Td (drawings ) Tj ET Q q 0 0 0 rg BT 398.77 566.00 Td (on ) Tj ET Q q 0 0 0 rg BT 408.77 566.00 Td (the ) Tj ET Q q 0 0 0 rg BT 420.54 566.00 Td (BMG ) Tj ET Q q 0 0 0 rg BT 440.77 566.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 456.98 566.00 Td (pool.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 557.02 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 553.40 Td (Under ) Tj ET Q q 0 0 0 rg BT 89.83 553.40 Td (a ) Tj ET Q q 0 0 0 rg BT 95.71 553.40 Td (factoring ) Tj ET Q q 0 0 0 rg BT 126.92 553.40 Td (framework ) Tj ET Q q 0 0 0 rg BT 164.35 553.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 199.99 553.40 Td (with ) Tj ET Q q 0 0 0 rg BT 216.55 553.40 Td (Factoring ) Tj ET Q /GS0 gs q 5.34 0 0 8.27 249.54 551.67 cm /I27 Do Q q 0 0 0 rg BT 254.88 553.40 Td (eska ) Tj ET Q q 0 0 0 rg BT 271.43 553.40 Td (spo) Tj ET Q /GS0 gs q 2.66 0 0 8.27 282.54 551.67 cm /I28 Do Q q 0 0 0 rg BT 285.21 553.40 Td (itelna, ) Tj ET Q q 0 0 0 rg BT 307.31 553.40 Td (a.s., ) Tj ET Q q 0 0 0 rg BT 322.31 553.40 Td (up ) Tj ET Q q 0 0 0 rg BT 332.64 553.40 Td (to ) Tj ET Q q 0 0 0 rg BT 341.20 553.40 Td (CZK ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.53 553.40 Td (475.0 ) Tj ET Q q 0 0 0 rg BT 379.87 553.40 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.98 553.40 Td ( ) Tj ET Q q 0 0 0 rg BT 405.31 553.40 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 456.52 553.40 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.08 553.40 Td (21.1 ) Tj ET Q q 0 0 0 rg BT 489.41 553.40 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.53 553.40 Td (\) ) Tj ET Q q 0 0 0 rg BT 517.53 553.40 Td (of ) Tj ET Q q 0 0 0 rg BT 526.52 553.40 Td (receivables ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 543.80 Td (from ) Tj ET Q q 0 0 0 rg BT 84.90 543.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 108.51 543.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 142.80 543.80 Td (in ) Tj ET Q q 0 0 0 rg BT 150.87 543.80 Td (the ) Tj ET Q q 0 0 0 rg BT 162.49 543.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 184.33 543.80 Td (Republic ) Tj ET Q q 0 0 0 rg BT 215.06 543.80 Td (may ) Tj ET Q q 0 0 0 rg BT 230.69 543.80 Td (be ) Tj ET Q q 0 0 0 rg BT 240.09 543.80 Td (factored ) Tj ET Q q 0 0 0 rg BT 268.14 543.80 Td (on ) Tj ET Q q 0 0 0 rg BT 277.99 543.80 Td (a ) Tj ET Q q 0 0 0 rg BT 283.39 543.80 Td (recourse ) Tj ET Q q 0 0 0 rg BT 312.33 543.80 Td (or ) Tj ET Q q 0 0 0 rg BT 320.85 543.80 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 364.46 543.80 Td (basis.) Tj ET Q q 0 0 0 rg BT 384.31 543.80 Td (The ) Tj ET Q q 0 0 0 rg BT 398.60 543.80 Td (facility ) Tj ET Q q 0 0 0 rg BT 423.10 543.80 Td (has ) Tj ET Q q 0 0 0 rg BT 435.62 543.80 Td (a ) Tj ET Q q 0 0 0 rg BT 441.02 543.80 Td (factoring ) Tj ET Q q 0 0 0 rg BT 471.74 543.80 Td (fee ) Tj ET Q q 0 0 0 rg BT 483.36 543.80 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.87 543.80 Td (0.19%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.54 543.80 Td ( ) Tj ET Q q 0 0 0 rg BT 514.38 543.80 Td (of ) Tj ET Q q 0 0 0 rg BT 522.90 543.80 Td (any ) Tj ET Q q 0 0 0 rg BT 536.30 543.80 Td (factored ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 534.20 Td (receivable ) Tj ET Q q 0 0 0 rg BT 102.36 534.20 Td (and ) Tj ET Q q 0 0 0 rg BT 115.91 534.20 Td (bears ) Tj ET Q q 0 0 0 rg BT 134.79 534.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 160.34 534.20 Td (at ) Tj ET Q q 0 0 0 rg BT 168.11 534.20 Td (one-month ) Tj ET Q q 0 0 0 rg BT 204.77 534.20 Td (PRIBOR ) Tj ET Q q 0 0 0 rg BT 235.67 534.20 Td (plus ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.01 534.20 Td (0.95%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.67 534.20 Td ( ) Tj ET Q q 0 0 0 rg BT 273.67 534.20 Td (per ) Tj ET Q q 0 0 0 rg BT 285.89 534.20 Td (annum ) Tj ET Q q 0 0 0 rg BT 309.66 534.20 Td (for ) Tj ET Q q 0 0 0 rg BT 320.99 534.20 Td (the ) Tj ET Q q 0 0 0 rg BT 332.76 534.20 Td (period ) Tj ET Q q 0 0 0 rg BT 355.20 534.20 Td (that ) Tj ET Q q 0 0 0 rg BT 369.20 534.20 Td (receivables ) Tj ET Q q 0 0 0 rg BT 407.17 534.20 Td (are ) Tj ET Q q 0 0 0 rg BT 418.94 534.20 Td (factored ) Tj ET Q q 0 0 0 rg BT 447.14 534.20 Td (and ) Tj ET Q q 0 0 0 rg BT 460.69 534.20 Td (outstanding. ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 525.23 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 521.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 89.84 521.60 Td (a ) Tj ET Q q 0 0 0 rg BT 95.74 521.60 Td (factoring ) Tj ET Q q 0 0 0 rg BT 126.97 521.60 Td (framework ) Tj ET Q q 0 0 0 rg BT 164.41 521.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 200.08 521.60 Td (with ) Tj ET Q q 0 0 0 rg BT 216.65 521.60 Td (Factoring ) Tj ET Q q 0 0 0 rg BT 249.66 521.60 Td (KB, ) Tj ET Q q 0 0 0 rg BT 265.13 521.60 Td (a.s., ) Tj ET Q q 0 0 0 rg BT 280.14 521.60 Td (up ) Tj ET Q q 0 0 0 rg BT 290.49 521.60 Td (to ) Tj ET Q q 0 0 0 rg BT 299.06 521.60 Td (CZK ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.41 521.60 Td (270.0 ) Tj ET Q q 0 0 0 rg BT 337.76 521.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.88 521.60 Td ( ) Tj ET Q q 0 0 0 rg BT 363.23 521.60 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 414.45 521.60 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.03 521.60 Td (12.0 ) Tj ET Q q 0 0 0 rg BT 447.38 521.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.49 521.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 475.51 521.60 Td (of ) Tj ET Q q 0 0 0 rg BT 484.52 521.60 Td (receivables ) Tj ET Q q 0 0 0 rg BT 522.85 521.60 Td (from ) Tj ET Q q 0 0 0 rg BT 540.75 521.60 Td (certain ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 512.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 102.28 512.00 Td (in ) Tj ET Q q 0 0 0 rg BT 110.85 512.00 Td (the ) Tj ET Q q 0 0 0 rg BT 122.97 512.00 Td (Czech ) Tj ET Q q 0 0 0 rg BT 145.31 512.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 176.54 512.00 Td (may ) Tj ET Q q 0 0 0 rg BT 192.66 512.00 Td (be ) Tj ET Q q 0 0 0 rg BT 202.56 512.00 Td (factored ) Tj ET Q q 0 0 0 rg BT 231.11 512.00 Td (on ) Tj ET Q q 0 0 0 rg BT 241.45 512.00 Td (a ) Tj ET Q q 0 0 0 rg BT 247.35 512.00 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 291.45 512.00 Td (basis.) Tj ET Q q 0 0 0 rg BT 311.31 512.00 Td (The ) Tj ET Q q 0 0 0 rg BT 326.09 512.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 351.10 512.00 Td (has ) Tj ET Q q 0 0 0 rg BT 364.11 512.00 Td (a ) Tj ET Q q 0 0 0 rg BT 370.00 512.00 Td (factoring ) Tj ET Q q 0 0 0 rg BT 401.23 512.00 Td (fee ) Tj ET Q q 0 0 0 rg BT 413.34 512.00 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.35 512.00 Td (0.1) Tj ET Q q 0 0 0 rg BT 432.05 512.00 Td (1%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.72 512.00 Td ( ) Tj ET Q q 0 0 0 rg BT 445.06 512.00 Td (of ) Tj ET Q q 0 0 0 rg BT 454.07 512.00 Td (any ) Tj ET Q q 0 0 0 rg BT 467.97 512.00 Td (factored ) Tj ET Q q 0 0 0 rg BT 496.52 512.00 Td (receivable ) Tj ET Q q 0 0 0 rg BT 531.73 512.00 Td (and ) Tj ET Q q 0 0 0 rg BT 545.63 512.00 Td (bears ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 502.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 92.87 502.40 Td (at ) Tj ET Q q 0 0 0 rg BT 100.46 502.40 Td (one-month ) Tj ET Q q 0 0 0 rg BT 136.94 502.40 Td (PRIBOR ) Tj ET Q q 0 0 0 rg BT 167.66 502.40 Td (plus ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.82 502.40 Td (0.95%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.49 502.40 Td ( ) Tj ET Q q 0 0 0 rg BT 205.31 502.40 Td (per ) Tj ET Q q 0 0 0 rg BT 217.34 502.40 Td (annum ) Tj ET Q q 0 0 0 rg BT 240.94 502.40 Td (for ) Tj ET Q q 0 0 0 rg BT 252.09 502.40 Td (the ) Tj ET Q q 0 0 0 rg BT 263.68 502.40 Td (period ) Tj ET Q q 0 0 0 rg BT 285.94 502.40 Td (that ) Tj ET Q q 0 0 0 rg BT 299.76 502.40 Td (receivables ) Tj ET Q q 0 0 0 rg BT 337.56 502.40 Td (are ) Tj ET Q q 0 0 0 rg BT 349.14 502.40 Td (factored ) Tj ET Q q 0 0 0 rg BT 377.17 502.40 Td (and ) Tj ET Q q 0 0 0 rg BT 390.54 502.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 429.69 502.40 Td (up ) Tj ET Q q 0 0 0 rg BT 439.51 502.40 Td (to ) Tj ET Q q 0 0 0 rg BT 447.56 502.40 Td (a ) Tj ET Q q 0 0 0 rg BT 452.93 502.40 Td (maximum ) Tj ET Q q 0 0 0 rg BT 487.19 502.40 Td (of ) Tj ET Q q 0 0 0 rg BT 495.68 502.40 Td (60 ) Tj ET Q q 0 0 0 rg BT 505.50 502.40 Td (days ) Tj ET Q q 0 0 0 rg BT 521.98 502.40 Td (from ) Tj ET Q q 0 0 0 rg BT 539.36 502.40 Td (the ) Tj ET Q q 0 0 0 rg BT 550.95 502.40 Td (due ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 492.80 Td (date.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 483.82 Td (\(4\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 480.20 Td (Under ) Tj ET Q q 0 0 0 rg BT 89.77 480.20 Td (a ) Tj ET Q q 0 0 0 rg BT 95.60 480.20 Td (factoring ) Tj ET Q q 0 0 0 rg BT 126.75 480.20 Td (framework ) Tj ET Q q 0 0 0 rg BT 164.13 480.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 199.72 480.20 Td (with ) Tj ET Q q 0 0 0 rg BT 216.22 480.20 Td (Global ) Tj ET Q q 0 0 0 rg BT 240.27 480.20 Td (Funds ) Tj ET Q q 0 0 0 rg BT 262.11 480.20 Td (IFN ) Tj ET Q q 0 0 0 rg BT 277.28 480.20 Td (S.A., ) Tj ET Q q 0 0 0 rg BT 295.78 480.20 Td (receivables ) Tj ET Q q 0 0 0 rg BT 334.04 480.20 Td (from ) Tj ET Q q 0 0 0 rg BT 351.87 480.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 375.91 480.20 Td (customers ) Tj ET Q q 0 0 0 rg BT 410.62 480.20 Td (in ) Tj ET Q q 0 0 0 rg BT 419.12 480.20 Td (Romania ) Tj ET Q q 0 0 0 rg BT 450.29 480.20 Td (may ) Tj ET Q q 0 0 0 rg BT 466.34 480.20 Td (be ) Tj ET Q q 0 0 0 rg BT 476.17 480.20 Td (factored ) Tj ET Q q 0 0 0 rg BT 504.65 480.20 Td (on ) Tj ET Q q 0 0 0 rg BT 514.93 480.20 Td (a ) Tj ET Q q 0 0 0 rg BT 520.75 480.20 Td (non-recourse ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 470.60 Td (basis. ) Tj ET Q q 0 0 0 rg BT 87.41 470.60 Td (The ) Tj ET Q q 0 0 0 rg BT 101.91 470.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 126.62 470.60 Td (has ) Tj ET Q q 0 0 0 rg BT 139.35 470.60 Td (a ) Tj ET Q q 0 0 0 rg BT 144.96 470.60 Td (factoring ) Tj ET Q q 0 0 0 rg BT 175.89 470.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 187.72 470.60 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 196.44 470.60 Td (4.0%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.10 470.60 Td ( ) Tj ET Q q 0 0 0 rg BT 215.16 470.60 Td (of ) Tj ET Q q 0 0 0 rg BT 223.89 470.60 Td (any ) Tj ET Q q 0 0 0 rg BT 237.50 470.60 Td (factored ) Tj ET Q q 0 0 0 rg BT 265.76 470.60 Td (receivable ) Tj ET Q q 0 0 0 rg BT 300.68 470.60 Td (and ) Tj ET Q q 0 0 0 rg BT 314.29 470.60 Td (bears ) Tj ET Q q 0 0 0 rg BT 333.23 470.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 358.84 470.60 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.67 470.60 Td (6.0%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.34 470.60 Td ( ) Tj ET Q q 0 0 0 rg BT 385.40 470.60 Td (per ) Tj ET Q q 0 0 0 rg BT 397.67 470.60 Td (annum ) Tj ET Q q 0 0 0 rg BT 421.50 470.60 Td (from ) Tj ET Q q 0 0 0 rg BT 439.11 470.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.95 470.60 Td (date ) Tj ET Q q 0 0 0 rg BT 466.33 470.60 Td (the ) Tj ET Q q 0 0 0 rg BT 478.16 470.60 Td (receivables ) Tj ET Q q 0 0 0 rg BT 516.20 470.60 Td (are ) Tj ET Q q 0 0 0 rg BT 528.02 470.60 Td (factored ) Tj ET Q q 0 0 0 rg BT 556.29 470.60 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 461.00 Td (the ) Tj ET Q q 0 0 0 rg BT 79.27 461.00 Td (due ) Tj ET Q q 0 0 0 rg BT 92.82 461.00 Td (date ) Tj ET Q q 0 0 0 rg BT 108.15 461.00 Td (of ) Tj ET Q q 0 0 0 rg BT 116.81 461.00 Td (the ) Tj ET Q q 0 0 0 rg BT 128.59 461.00 Td (factored ) Tj ET Q q 0 0 0 rg BT 156.79 461.00 Td (receivable.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 442.40 Td (T) Tj ET Q q 0 0 0 rg BT 53.65 442.40 Td (otal ) Tj ET Q q 0 0 0 rg BT 68.10 442.40 Td (Group) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 426.80 Td (At ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.50 426.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 106.37 426.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 122.37 426.80 Td (, ) Tj ET Q q 0 0 0 rg BT 126.37 426.80 Td (the ) Tj ET Q q 0 0 0 rg BT 138.14 426.80 Td (maturity ) Tj ET Q q 0 0 0 rg BT 167.25 426.80 Td (of ) Tj ET Q q 0 0 0 rg BT 175.91 426.80 Td (our ) Tj ET Q q 0 0 0 rg BT 188.57 426.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 222.12 426.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 237.89 426.80 Td (and ) Tj ET Q q 0 0 0 rg BT 251.45 426.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 271.66 426.80 Td (facilities ) Tj ET Q q 0 0 0 rg BT 301.20 426.80 Td (was ) Tj ET Q q 0 0 0 rg BT 315.64 426.80 Td (as ) Tj ET Q q 0 0 0 rg BT 324.30 426.80 Td (follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 416.30 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 416.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 390.30 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 390.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 364.30 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 364.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 338.30 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 338.30 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 312.30 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 312.30 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 338.3 m 563 338.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 312.3 m 563 312.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 312.3 m 563 312.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 300.3 m 563 300.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 298.3 m 563 298.3 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 407.55 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.50 407.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 407.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 394.55 Td (2020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 394.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 381.55 Td (2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.80 381.55 Td (240,834) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 368.55 Td (2022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 368.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 355.55 Td (2023) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.80 355.55 Td (536,776) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 342.55 Td (2024 ) Tj ET Q q 0 0 0 rg BT 70.50 342.55 Td (and ) Tj ET Q q 0 0 0 rg BT 84.05 342.55 Td (thereafter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 342.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 329.53 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 329.53 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 329.53 Td (long-term ) Tj ET Q q 0 0 0 rg BT 107.75 329.53 Td (debt ) Tj ET Q q 0 0 0 rg BT 124.87 329.53 Td (and ) Tj ET Q q 0 0 0 rg BT 139.77 329.53 Td (cr) Tj ET Q q 0 0 0 rg BT 146.79 329.53 Td (edit ) Tj ET Q q 0 0 0 rg BT 161.61 329.53 Td (facilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.80 329.53 Td (777,610) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 316.55 Td (Debt issuance costs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.10 316.55 Td (\(5,271) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 316.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 303.53 Td (Carrying ) Tj ET Q q 0 0 0 rg BT 86.05 303.53 Td (amount ) Tj ET Q q 0 0 0 rg BT 114.28 303.53 Td (of ) Tj ET Q q 0 0 0 rg BT 122.94 303.53 Td (long-term ) Tj ET Q q 0 0 0 rg BT 158.71 303.53 Td (debt ) Tj ET Q q 0 0 0 rg BT 175.82 303.53 Td (and ) Tj ET Q q 0 0 0 rg BT 190.72 303.53 Td (cr) Tj ET Q q 0 0 0 rg BT 197.68 303.53 Td (edit ) Tj ET Q q 0 0 0 rg BT 212.56 303.53 Td (facilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.50 303.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.80 303.53 Td (772,339) Tj ET Q BT /F1 8.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 284.20 Td (Capital ) Tj ET Q q 0 0 0 rg BT 75.50 284.20 Td (Lease ) Tj ET Q q 0 0 0 rg BT 96.17 284.20 Td (Commitments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 268.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 268.60 Td (e ) Tj ET Q q 0 0 0 rg BT 61.37 268.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 78.76 268.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 101.93 268.60 Td (of ) Tj ET Q q 0 0 0 rg BT 110.00 268.60 Td (our ) Tj ET Q q 0 0 0 rg BT 122.07 268.60 Td (of) Tj ET Q q 0 0 0 rg BT 128.58 268.60 Td (fice ) Tj ET Q q 0 0 0 rg BT 141.98 268.60 Td (and ) Tj ET Q q 0 0 0 rg BT 154.93 268.60 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 186.99 268.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 215.94 268.60 Td (as ) Tj ET Q q 0 0 0 rg BT 224.01 268.60 Td (well ) Tj ET Q q 0 0 0 rg BT 239.19 268.60 Td (as ) Tj ET Q q 0 0 0 rg BT 247.26 268.60 Td (machinery ) Tj ET Q q 0 0 0 rg BT 282.42 268.60 Td (and ) Tj ET Q q 0 0 0 rg BT 295.38 268.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 330.56 268.60 Td (under ) Tj ET Q q 0 0 0 rg BT 350.18 268.60 Td (various ) Tj ET Q q 0 0 0 rg BT 375.13 268.60 Td (leasing ) Tj ET Q q 0 0 0 rg BT 399.20 268.60 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 445.59 268.60 Td (The ) Tj ET Q q 0 0 0 rg BT 459.43 268.60 Td (future ) Tj ET Q q 0 0 0 rg BT 479.94 268.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 512.46 268.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 529.85 268.60 Td (payments, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 259.00 Td (by ) Tj ET Q q 0 0 0 rg BT 60.37 259.00 Td (year ) Tj ET Q q 0 0 0 rg BT 77.00 259.00 Td (and ) Tj ET Q q 0 0 0 rg BT 91.42 259.00 Td (in ) Tj ET Q q 0 0 0 rg BT 100.52 259.00 Td (the ) Tj ET Q q 0 0 0 rg BT 113.16 259.00 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 149.12 259.00 Td (under ) Tj ET Q q 0 0 0 rg BT 170.20 259.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 194.39 259.00 Td (leases ) Tj ET Q q 0 0 0 rg BT 216.36 259.00 Td (with ) Tj ET Q q 0 0 0 rg BT 233.45 259.00 Td (initial ) Tj ET Q q 0 0 0 rg BT 254.99 259.00 Td (or ) Tj ET Q q 0 0 0 rg BT 264.52 259.00 Td (remaining ) Tj ET Q q 0 0 0 rg BT 299.82 259.00 Td (non-cancellable ) Tj ET Q q 0 0 0 rg BT 353.33 259.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 372.19 259.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 392.83 259.00 Td (in ) Tj ET Q q 0 0 0 rg BT 401.92 259.00 Td (excess ) Tj ET Q q 0 0 0 rg BT 425.67 259.00 Td (of ) Tj ET Q q 0 0 0 rg BT 435.20 259.00 Td (one ) Tj ET Q q 0 0 0 rg BT 449.62 259.00 Td (year) Tj ET Q q 0 0 0 rg BT 463.07 259.00 Td (, ) Tj ET Q q 0 0 0 rg BT 467.94 259.00 Td (consisted ) Tj ET Q q 0 0 0 rg BT 500.58 259.00 Td (of ) Tj ET Q q 0 0 0 rg BT 510.11 259.00 Td (the ) Tj ET Q q 0 0 0 rg BT 522.75 259.00 Td (following ) Tj ET Q q 0 0 0 rg BT 556.73 259.00 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 249.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.37 249.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 112.37 249.40 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 238.90 442.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 238.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 212.90 442.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 212.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 186.90 442.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 186.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 160.90 442.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 160.90 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 134.90 442.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 134.90 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 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Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (56) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (6. ) Tj ET Q q 0 0 0 rg BT 67.50 723.60 Td (PROGRAM ) Tj ET Q q 0 0 0 rg BT 111.71 723.60 Td (RIGHTS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (Program ) Tj ET Q q 0 0 0 rg BT 79.05 708.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 99.27 708.00 Td (comprised ) Tj ET Q q 0 0 0 rg BT 134.60 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 146.37 708.00 Td (following ) Tj ET Q q 0 0 0 rg BT 179.48 708.00 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.25 708.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 234.12 708.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.12 708.00 Td ( ) Tj ET Q q 0 0 0 rg BT 252.12 708.00 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.67 708.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 312.54 708.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.54 708.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 671.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 671.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 671.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 671.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 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l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 516.5 m 468 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 514.5 m 468 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 528.5 m 562 528.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 516.5 m 562 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 514.5 m 562 514.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 688.73 Td (December) Tj ET Q q 0 0 0 rg BT 434.57 688.73 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 688.73 Td (December) Tj ET Q q 0 0 0 rg BT 528.50 688.73 Td ( 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 675.75 Td (Program rights:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 662.75 Td (Acquired program rights, net of amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.50 662.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.80 662.75 Td (153,761) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.50 662.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 662.75 Td (188,370) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 649.75 Td (Less: current portion of acquired program rights) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.10 649.75 Td (\(77,624) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 649.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 649.75 Td (\(81,412) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 649.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 636.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 636.73 Td (otal non-curr) Tj ET Q q 0 0 0 rg BT 102.58 636.73 Td (ent acquir) Tj ET Q q 0 0 0 rg BT 137.32 636.73 Td (ed pr) Tj ET Q q 0 0 0 rg BT 155.18 636.73 Td (ogram rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 636.73 Td (76,137) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 636.73 Td (106,958) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 623.75 Td (Produced program rights Feature Films:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 610.75 Td (Released, net of amortization) Tj ET Q BT /F1 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(Development and pre-production) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.80 545.75 Td (610) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 545.75 Td (470) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 532.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 532.73 Td (otal pr) Tj ET Q q 0 0 0 rg BT 79.92 532.73 Td (oduced pr) Tj ET Q q 0 0 0 rg BT 114.22 532.73 Td (ogram rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 532.73 Td (95,734) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 532.73 Td (99,269) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 519.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 519.73 Td (otal non-curr) Tj ET Q q 0 0 0 rg BT 102.51 519.73 Td (ent acquir) Tj ET Q q 0 0 0 rg BT 137.25 519.73 Td (ed pr) Tj ET Q q 0 0 0 rg BT 155.11 519.73 Td (ogram rights and pr) Tj ET Q q 0 0 0 rg BT 224.07 519.73 Td (oduced pr) Tj ET Q q 0 0 0 rg BT 258.38 519.73 Td (ogram rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 519.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 519.73 Td (171,871) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 519.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 519.73 Td (206,227) Tj ET Q BT /F1 8.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 494.40 Td (7. ) Tj ET Q q 0 0 0 rg BT 67.50 494.40 Td (ACCOUNTS ) Tj ET Q q 0 0 0 rg BT 114.39 494.40 Td (RECEIV) Tj ET Q q 0 0 0 rg BT 144.48 494.40 Td (ABLE) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 478.80 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 81.71 478.80 Td (receivable ) Tj ET Q q 0 0 0 rg BT 116.58 478.80 Td (comprised ) Tj ET Q q 0 0 0 rg BT 151.90 478.80 Td (the ) Tj ET Q q 0 0 0 rg BT 163.68 478.80 Td (following ) Tj ET Q q 0 0 0 rg BT 196.79 478.80 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.56 478.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 251.43 478.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.43 478.80 Td ( ) Tj ET Q q 0 0 0 rg BT 269.43 478.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.98 478.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q endstream endobj 121 0 obj <>] /Rotate 0 /Contents 122 0 R>> endobj 122 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (57) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (9. ) Tj ET Q q 0 0 0 rg BT 67.50 723.60 Td (PROPER) Tj ET Q q 0 0 0 rg BT 100.11 723.60 Td (TY) Tj ET Q q 0 0 0 rg BT 110.48 723.60 Td (, ) Tj ET Q q 0 0 0 rg BT 114.48 723.60 Td (PLANT) Tj ET Q q 0 0 0 rg BT 141.45 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 143.01 723.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 162.34 723.60 Td (EQUIPMENT) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (Property) Tj ET Q q 0 0 0 rg BT 76.53 708.00 Td (, ) Tj ET Q q 0 0 0 rg BT 80.53 708.00 Td (plant ) Tj ET Q q 0 0 0 rg BT 98.53 708.00 Td (and ) Tj ET Q q 0 0 0 rg BT 112.08 708.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 147.85 708.00 Td (comprised ) Tj ET Q q 0 0 0 rg BT 183.17 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 194.95 708.00 Td (following ) Tj ET Q q 0 0 0 rg BT 228.05 708.00 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.83 708.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 282.70 708.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.70 708.00 Td ( ) Tj ET Q q 0 0 0 rg BT 300.70 708.00 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.25 708.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 361.11 708.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.11 708.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 684.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 684.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 684.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 684.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 658.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 658.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 658.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 658.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 632.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 632.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 632.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 632.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 606.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 606.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 606.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 606.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 554.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 554.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 554.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 554.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 528.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 528.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 528.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 528.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 502.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 502.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 502.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 502.50 90.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378 684.5 m 468 684.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472 684.5 m 562 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 619.5 m 468 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 619.5 m 562 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 593.5 m 468 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 581.5 m 468 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 579.5 m 468 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 593.5 m 562 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 581.5 m 562 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 579.5 m 562 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 528.5 m 468 528.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 528.5 m 562 528.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 502.5 m 468 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 490.5 m 468 490.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 488.5 m 468 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 502.5 m 562 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 490.5 m 562 490.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 488.5 m 562 488.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 688.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 688.73 Td (December) Tj ET Q q 0 0 0 rg BT 434.57 688.73 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 688.73 Td (December) Tj ET Q q 0 0 0 rg BT 528.50 688.73 Td ( 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 675.75 Td (Land and buildings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.50 675.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.80 675.75 Td (100,574) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.50 675.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 675.75 Td (104,291) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 662.75 Td (Machinery) Tj ET Q q 0 0 0 rg BT 86.89 662.75 Td (, fixtures and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.80 662.75 Td (206,491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 662.75 Td (213,229) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 649.75 Td (Other equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 649.75 Td (35,022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 649.75 Td (37,459) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 636.75 Td (Software) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 636.75 Td (68,239) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 636.75 Td (66,233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 623.75 Td (Construction in progress) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 623.75 Td (4,663) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 623.75 Td (3,721) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 610.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 610.73 Td (otal cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 610.73 Td (414,989) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 610.73 Td (424,933) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 597.75 Td (Less:accumulated depreciation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.10 597.75 Td (\(297,385) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 597.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 597.75 Td (\(305,584) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 597.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 584.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 584.73 Td (otal net book value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 584.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 584.73 Td (1) Tj ET Q q 0 0 0 rg BT 442.80 584.73 Td (17,604) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 584.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 584.73 Td (1) Tj ET Q q 0 0 0 rg BT 536.80 584.73 Td (19,349) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 558.73 Td (Assets held under) Tj ET Q q 0 0 0 rg BT 112.88 558.73 Td ( capital leases \(included in the above\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.50 558.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 558.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 545.75 Td (Land and buildings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.50 545.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 545.75 Td (3,989) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.50 545.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 545.75 Td (4,178) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 532.75 Td (Machinery) Tj ET Q q 0 0 0 rg BT 86.63 532.75 Td (, fixtures and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 532.75 Td (25,414) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 532.75 Td (14,193) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 519.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 519.73 Td (otal cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 519.73 Td (29,403) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 519.73 Td (18,371) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 506.75 Td (Less:accumulated depreciation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.10 506.75 Td (\(10,705) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 506.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 506.75 Td (\(7,281) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 506.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 493.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 493.73 Td (otal net book value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 493.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 493.73 Td (18,698) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 493.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 493.73 Td (1) Tj ET Q q 0 0 0 rg BT 540.80 493.73 Td (1,090) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 474.40 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 92.81 474.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 120.58 474.40 Td (for ) Tj ET Q q 0 0 0 rg BT 131.91 474.40 Td (the ) Tj ET Q q 0 0 0 rg BT 143.68 474.40 Td (years ) Tj ET Q q 0 0 0 rg BT 162.56 474.40 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 183.66 474.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 230.53 474.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.53 474.40 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.53 474.40 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.53 474.40 Td ( ) Tj ET Q q 0 0 0 rg BT 268.53 474.40 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.08 474.40 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.08 474.40 Td ( ) Tj ET Q q 0 0 0 rg BT 300.08 474.40 Td (was ) Tj ET Q q 0 0 0 rg BT 314.52 474.40 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.75 474.40 Td (32.9 ) Tj ET Q q 0 0 0 rg BT 346.75 474.40 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.86 474.40 Td (, ) Tj ET Q q 0 0 0 rg BT 373.86 474.40 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.09 474.40 Td (31.3 ) Tj ET Q q 0 0 0 rg BT 406.09 474.40 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.20 474.40 Td ( ) Tj ET Q q 0 0 0 rg BT 431.20 474.40 Td (and ) Tj ET Q q 0 0 0 rg BT 444.75 474.40 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.98 474.40 Td (27.5 ) Tj ET Q q 0 0 0 rg BT 476.98 474.40 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.09 474.40 Td (, ) Tj ET Q q 0 0 0 rg BT 504.09 474.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 542.22 474.40 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 458.80 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 458.80 Td (movement ) Tj ET Q q 0 0 0 rg BT 99.71 458.80 Td (in ) Tj ET Q q 0 0 0 rg BT 107.93 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 119.70 458.80 Td (net ) Tj ET Q q 0 0 0 rg BT 131.48 458.80 Td (book ) Tj ET Q q 0 0 0 rg BT 149.48 458.80 Td (value ) Tj ET Q q 0 0 0 rg BT 168.80 458.80 Td (of ) Tj ET Q q 0 0 0 rg BT 177.46 458.80 Td (property) Tj ET Q q 0 0 0 rg BT 204.05 458.80 Td (, ) Tj ET Q q 0 0 0 rg BT 208.05 458.80 Td (plant ) Tj ET Q q 0 0 0 rg BT 226.04 458.80 Td (and ) Tj ET Q q 0 0 0 rg BT 239.59 458.80 Td (equipment ) Tj ET Q q 0 0 0 rg BT 275.36 458.80 Td (during ) Tj ET Q q 0 0 0 rg BT 298.25 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 310.02 458.80 Td (years ) Tj ET Q q 0 0 0 rg BT 328.90 458.80 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.00 458.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 396.87 458.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.87 458.80 Td ( ) Tj ET Q q 0 0 0 rg BT 414.87 458.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.42 458.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.42 458.80 Td ( ) Tj ET Q q 0 0 0 rg BT 446.42 458.80 Td (was ) Tj ET Q q 0 0 0 rg BT 460.86 458.80 Td (comprised ) Tj ET Q q 0 0 0 rg BT 496.19 458.80 Td (of:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 422.30 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 422.30 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 422.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 422.30 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 396.30 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 396.30 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 396.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 396.30 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 370.30 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 370.30 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 370.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 370.30 90.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 435.3 m 467.5 435.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 435.3 m 471.5 435.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 435.3 m 561.5 435.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 422.3 m 467.5 422.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 435.3 m 561.5 435.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 422.3 m 561.5 422.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 422.3 m 467.5 422.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 422.3 m 561.5 422.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 357.3 m 467.5 357.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 345.3 m 467.5 345.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 343.3 m 467.5 343.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 357.3 m 561.5 357.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 345.3 m 561.5 345.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 343.3 m 561.5 343.3 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.10 439.53 Td (For) Tj ET Q q 0 0 0 rg BT 422.39 439.53 Td ( ) Tj ET Q q 0 0 0 rg BT 424.25 439.53 Td (The ) Tj ET Q q 0 0 0 rg BT 439.29 439.53 Td (Y) Tj ET Q q 0 0 0 rg BT 444.18 439.53 Td (ear) Tj ET Q q 0 0 0 rg BT 455.14 439.53 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 515.87 439.53 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 426.53 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.00 426.53 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.00 426.53 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 413.53 Td (Opening balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.00 413.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.30 413.53 Td (1) Tj ET Q q 0 0 0 rg BT 442.30 413.53 Td (19,349) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.00 413.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 413.53 Td (103,258) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 400.55 Td (Additions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 400.55 Td (36,737) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 400.55 Td (31,379) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 387.55 Td (Disposals) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.60 387.55 Td (\(42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 387.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.60 387.55 Td (\(32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 387.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 374.55 Td (Depreciation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.60 374.55 Td (\(32,933) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 374.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 374.55 Td (\(31,261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 374.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 361.55 Td (Foreign currency movements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.60 361.55 Td (\(5,507) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 361.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 361.55 Td (16,005) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 348.53 Td (Ending balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.00 348.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.30 348.53 Td (1) Tj ET Q q 0 0 0 rg BT 442.30 348.53 Td (17,604) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.00 348.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 348.53 Td (1) Tj ET Q q 0 0 0 rg BT 536.30 348.53 Td (19,349) Tj ET Q BT /F1 8.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 323.20 Td (10. ) Tj ET Q q 0 0 0 rg BT 67.50 323.20 Td (ACCOUNTS ) Tj ET Q q 0 0 0 rg BT 114.39 323.20 Td (P) Tj ET Q q 0 0 0 rg BT 118.69 323.20 Td (A) Tj ET Q q 0 0 0 rg BT 123.73 323.20 Td (Y) Tj ET Q q 0 0 0 rg BT 128.77 323.20 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 152.12 323.20 Td (AND ) Tj ET Q q 0 0 0 rg BT 171.01 323.20 Td (ACCRUED ) Tj ET Q q 0 0 0 rg BT 213.01 323.20 Td (LIABILITIES) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 307.60 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 81.71 307.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 108.59 307.60 Td (and ) Tj ET Q q 0 0 0 rg BT 122.14 307.60 Td (accrued ) Tj ET Q q 0 0 0 rg BT 149.01 307.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 180.78 307.60 Td (comprised ) Tj ET Q q 0 0 0 rg BT 216.11 307.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.88 307.60 Td (following ) Tj ET Q q 0 0 0 rg BT 260.99 307.60 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.76 307.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 315.63 307.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.63 307.60 Td ( ) Tj ET Q q 0 0 0 rg BT 333.63 307.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.18 307.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 394.05 307.60 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.05 307.60 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 284.10 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 284.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 284.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 284.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 258.10 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 258.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 258.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 258.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 232.10 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 232.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 232.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 232.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 206.10 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 206.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 206.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 206.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 180.10 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 180.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 180.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 180.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 154.10 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 154.10 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 154.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 154.10 90.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378 284.1 m 468 284.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472 284.1 m 562 284.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378 284.1 m 468 284.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472 284.1 m 562 284.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 154.10000000000002 m 468 154.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 142.10000000000002 m 468 142.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 140.10000000000002 m 468 140.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 154.10000000000002 m 562 154.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 142.10000000000002 m 562 142.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 140.10000000000002 m 562 140.10000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 288.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 288.33 Td (December) Tj ET Q q 0 0 0 rg BT 434.57 288.33 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 288.33 Td (December) Tj ET Q q 0 0 0 rg BT 528.50 288.33 Td ( 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 275.35 Td (Accounts payable and accrued expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.50 275.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 275.35 Td (48,708) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.50 275.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 275.35 Td (61,025) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 262.35 Td (Related party accounts payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.80 262.35 Td (292) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 262.35 Td (252) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 249.35 Td (Programming liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 249.35 Td (16,072) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 249.35 Td (20,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 236.35 Td (Related party programming liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 236.35 Td (12,171) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 236.35 Td (21,189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 223.35 Td (Duties and other taxes payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 223.35 Td (9,014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 223.35 Td (10,539) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 210.35 Td (Accrued staf) Tj ET Q q 0 0 0 rg BT 93.07 210.35 Td (f costs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 210.35 Td (17,425) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 210.35 Td (20,719) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 197.35 Td (Accrued interest payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 197.35 Td (2,456) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 197.35 Td (3,326) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 184.35 Td (Related party accrued interest payable \(including Guarantee Fees\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 184.35 Td (1,749) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 184.35 Td (6,273) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 171.35 Td (Income taxes payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 171.35 Td (10,415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 171.35 Td (14,091) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 158.35 Td (Other accrued liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 158.35 Td (2,166) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 158.35 Td (2,467) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 145.33 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 145.33 Td (otal accounts payable and accrued liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 145.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 145.33 Td (120,468) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 145.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 145.33 Td (160,072) Tj ET Q BT /F1 8.00 Tf ET endstream endobj 123 0 obj <>] /Rotate 0 /Contents 124 0 R>> endobj 124 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (58) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (1) Tj ET Q q 0 0 0 rg BT 53.06 723.60 Td (1. ) Tj ET Q q 0 0 0 rg BT 67.50 723.60 Td (OTHER ) Tj ET Q q 0 0 0 rg BT 98.39 723.60 Td (LIABILITIES) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 69.71 708.00 Td (current ) Tj ET Q q 0 0 0 rg BT 94.37 708.00 Td (and ) Tj ET Q q 0 0 0 rg BT 107.92 708.00 Td (non-current ) Tj ET Q q 0 0 0 rg BT 147.23 708.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 179.01 708.00 Td (comprised ) Tj ET Q q 0 0 0 rg BT 214.33 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 226.11 708.00 Td (following ) Tj ET Q q 0 0 0 rg BT 259.21 708.00 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.99 708.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 313.86 708.00 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.86 708.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.86 708.00 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.41 708.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 392.27 708.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.27 708.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 671.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 671.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 671.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 671.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 645.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 645.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 645.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 645.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 580.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 580.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 580.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 580.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 554.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 554.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 554.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 554.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 528.50 328.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 528.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 528.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 528.50 90.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378 684.5 m 468 684.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472 684.5 m 562 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 632.5 m 468 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 620.5 m 468 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 618.5 m 468 618.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 632.5 m 562 632.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 620.5 m 562 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 618.5 m 562 618.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378 593.5 m 468 593.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472 593.5 m 562 593.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 515.5 m 468 515.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 515.5 m 468 515.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 503.5 m 468 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 501.5 m 468 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 515.5 m 562 515.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 503.5 m 562 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 501.5 m 562 501.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 688.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 688.73 Td (December) Tj ET Q q 0 0 0 rg BT 434.57 688.73 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 688.73 Td (December) Tj ET Q q 0 0 0 rg BT 528.57 688.73 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 675.73 Td (Curr) Tj ET Q q 0 0 0 rg BT 69.76 675.73 Td (ent:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.50 675.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.50 675.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 662.75 Td (Deferred revenue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.50 662.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 662.75 Td (9,906) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.50 662.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 662.75 Td (5,744) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 649.75 Td (Legal provisions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 649.75 Td (1,978) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 649.75 Td (2,907) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 636.75 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 636.75 Td (1,795) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 636.75 Td (698) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 623.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 623.73 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 623.73 Td (other) Tj ET Q q 0 0 0 rg BT 90.13 623.73 Td ( ) Tj ET Q q 0 0 0 rg BT 92.06 623.73 Td (curr) Tj ET Q q 0 0 0 rg BT 107.09 623.73 Td (ent ) Tj ET Q q 0 0 0 rg BT 119.68 623.73 Td (liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 623.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 623.73 Td (13,679) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 623.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 623.73 Td (9,349) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 597.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 597.73 Td (December) Tj ET Q q 0 0 0 rg BT 434.57 597.73 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 597.73 Td (December) Tj ET Q q 0 0 0 rg BT 528.50 597.73 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 584.73 Td (Non-curr) Tj ET Q q 0 0 0 rg BT 84.42 584.73 Td (ent:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.50 584.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 584.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 571.75 Td (Deferred tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.50 571.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 571.75 Td (22,545) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.50 571.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 571.75 Td (21,280) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 558.75 Td (Derivative instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 558.75 Td (9,817) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 558.75 Td (3,307) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 545.75 Td (Related party Commitment Fee payable ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 188.02 549.38 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.80 545.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 545.75 Td (10,765) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 532.75 Td (Related party Guarantee Fee payable \(Note 5\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.80 532.75 Td (33,465) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 532.75 Td (58,855) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 519.75 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 519.75 Td (1,466) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 519.75 Td (1,968) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 506.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 506.73 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 506.73 Td (other) Tj ET Q q 0 0 0 rg BT 90.06 506.73 Td ( ) Tj ET Q q 0 0 0 rg BT 92.06 506.73 Td (non-curr) Tj ET Q q 0 0 0 rg BT 122.58 506.73 Td (ent ) Tj ET Q q 0 0 0 rg BT 135.24 506.73 Td (liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 506.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 506.73 Td (67,293) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 506.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 506.73 Td (96,175) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 494.02 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 490.40 Td (The ) Tj ET Q q 0 0 0 rg BT 81.94 490.40 Td (Commitment ) Tj ET Q q 0 0 0 rg BT 126.16 490.40 Td (Fee ) Tj ET Q q 0 0 0 rg BT 139.71 490.40 Td (was ) Tj ET Q q 0 0 0 rg BT 154.15 490.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 169.93 490.40 Td (on ) Tj ET Q q 0 0 0 rg BT 179.93 490.40 Td (July ) Tj ET Q q 0 0 0 rg BT 195.26 490.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 207.26 490.40 Td (2018, ) Tj ET Q q 0 0 0 rg BT 227.26 490.40 Td (see ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.48 490.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 257.03 490.40 Td (5, ) Tj ET Q q 0 0 0 rg BT 265.03 490.40 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 304.50 490.40 Td (Debt ) Tj ET Q q 0 0 0 rg BT 322.05 490.40 Td (and ) Tj ET Q q 0 0 0 rg BT 335.61 490.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 355.82 490.40 Td (Financing ) Tj ET Q q 0 0 0 rg BT 389.38 490.40 Td (Arrangements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.96 490.40 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 474.80 Td (During ) Tj ET Q q 0 0 0 rg BT 74.71 474.80 Td (the ) Tj ET Q q 0 0 0 rg BT 87.04 474.80 Td (years ) Tj ET Q q 0 0 0 rg BT 106.47 474.80 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 128.12 474.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 175.54 474.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.54 474.80 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 196.09 474.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.09 474.80 Td ( ) Tj ET Q q 0 0 0 rg BT 214.64 474.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.74 474.80 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.74 474.80 Td (, ) Tj ET Q q 0 0 0 rg BT 249.29 474.80 Td (we ) Tj ET Q q 0 0 0 rg BT 261.17 474.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 298.81 474.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 326.68 474.80 Td (of ) Tj ET Q q 0 0 0 rg BT 335.89 474.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.67 474.80 Td (5.4 ) Tj ET Q q 0 0 0 rg BT 365.22 474.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.34 474.80 Td (, ) Tj ET Q q 0 0 0 rg BT 392.89 474.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.66 474.80 Td (4.9 ) Tj ET Q q 0 0 0 rg BT 422.21 474.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.33 474.80 Td ( ) Tj ET Q q 0 0 0 rg BT 447.88 474.80 Td (and ) Tj ET Q q 0 0 0 rg BT 461.98 474.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.76 474.80 Td (6.0 ) Tj ET Q q 0 0 0 rg BT 491.31 474.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.42 474.80 Td ( ) Tj ET Q q 0 0 0 rg BT 516.97 474.80 Td (which ) Tj ET Q q 0 0 0 rg BT 539.07 474.80 Td (we ) Tj ET Q q 0 0 0 rg BT 550.95 474.80 Td (had ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 465.20 Td (deferred ) Tj ET Q q 0 0 0 rg BT 78.14 465.20 Td (as ) Tj ET Q q 0 0 0 rg BT 86.81 465.20 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 94.58 465.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 141.45 465.20 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 157.45 465.20 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 161.45 465.20 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 177.45 465.20 Td ( ) Tj ET Q q 0 0 0 rg BT 179.45 465.20 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.00 465.20 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.00 465.20 Td (, ) Tj ET Q q 0 0 0 rg BT 213.00 465.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 251.13 465.20 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 443.60 Td (12. ) Tj ET Q q 0 0 0 rg BT 67.50 443.60 Td (CONVER) Tj ET Q q 0 0 0 rg BT 101.89 443.60 Td (TIBLE ) Tj ET Q q 0 0 0 rg BT 128.34 443.60 Td (REDEEMABLE ) Tj ET Q q 0 0 0 rg BT 187.24 443.60 Td (PREFERRED ) Tj ET Q q 0 0 0 rg BT 238.13 443.60 Td (SHARES) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 428.00 Td (200,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 428.00 Td ( ) Tj ET Q q 0 0 0 rg BT 76.84 428.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 98.16 428.00 Td (of ) Tj ET Q q 0 0 0 rg BT 106.16 428.00 Td (our ) Tj ET Q q 0 0 0 rg BT 118.16 428.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 139.05 428.00 Td (B ) Tj ET Q q 0 0 0 rg BT 145.72 428.00 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 184.83 428.00 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 225.70 428.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 256.79 428.00 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 278.35 428.00 Td (par ) Tj ET Q q 0 0 0 rg BT 289.90 428.00 Td (value ) Tj ET Q q 0 0 0 rg BT 308.56 428.00 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.13 428.00 Td (0.08) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.13 428.00 Td ( ) Tj ET Q q 0 0 0 rg BT 339.46 428.00 Td (per ) Tj ET Q q 0 0 0 rg BT 351.01 428.00 Td (share ) Tj ET Q q 0 0 0 rg BT 369.23 428.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 383.00 428.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 407.44 428.00 Td (B ) Tj ET Q q 0 0 0 rg BT 414.11 428.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 445.20 428.00 Td (Shares\) ) Tj ET Q q 0 0 0 rg BT 474.08 428.00 Td (were ) Tj ET Q q 0 0 0 rg BT 490.96 428.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 512.30 428.00 Td (and ) Tj ET Q q 0 0 0 rg BT 525.18 428.00 Td (outstanding ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 418.40 Td (as ) Tj ET Q q 0 0 0 rg BT 58.08 418.40 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.76 418.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 112.54 418.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 128.54 418.40 Td ( ) Tj ET Q q 0 0 0 rg BT 130.45 418.40 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.92 418.40 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 159.92 418.40 Td (. ) Tj ET Q q 0 0 0 rg BT 163.69 418.40 Td (The ) Tj ET Q q 0 0 0 rg BT 178.04 418.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 199.50 418.40 Td (B ) Tj ET Q q 0 0 0 rg BT 206.75 418.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 238.42 418.40 Td (Shares ) Tj ET Q q 0 0 0 rg BT 261.66 418.40 Td (are ) Tj ET Q q 0 0 0 rg BT 273.34 418.40 Td (held ) Tj ET Q q 0 0 0 rg BT 289.02 418.40 Td (by ) Tj ET Q q 0 0 0 rg BT 298.80 418.40 Td (T) Tj ET Q q 0 0 0 rg BT 303.40 418.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 317.17 418.40 Td (W) Tj ET Q q 0 0 0 rg BT 324.08 418.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 342.43 418.40 Td (Media ) Tj ET Q q 0 0 0 rg BT 364.77 418.40 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 396.02 418.40 Td (B.V) Tj ET Q q 0 0 0 rg BT 408.10 418.40 Td (. ) Tj ET Q q 0 0 0 rg BT 412.02 418.40 Td (\("TW) Tj ET Q q 0 0 0 rg BT 430.24 418.40 Td ( ) Tj ET Q q 0 0 0 rg BT 432.15 418.40 Td (Investor"\), ) Tj ET Q q 0 0 0 rg BT 468.21 418.40 Td (a ) Tj ET Q q 0 0 0 rg BT 473.67 418.40 Td (wholly ) Tj ET Q q 0 0 0 rg BT 497.81 418.40 Td (owned ) Tj ET Q q 0 0 0 rg BT 521.05 418.40 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 555.85 418.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 408.80 Td (A) Tj ET Q q 0 0 0 rg BT 54.39 408.80 Td (T&T) Tj ET Q q 0 0 0 rg BT 69.79 408.80 Td (. ) Tj ET Q q 0 0 0 rg BT 73.38 408.80 Td (As ) Tj ET Q q 0 0 0 rg BT 84.30 408.80 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 92.11 408.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 139.01 408.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 155.01 408.80 Td ( ) Tj ET Q q 0 0 0 rg BT 157.04 408.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 170.63 408.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.63 408.80 Td (, ) Tj ET Q q 0 0 0 rg BT 190.66 408.80 Td (the ) Tj ET Q q 0 0 0 rg BT 202.47 408.80 Td (accreted ) Tj ET Q q 0 0 0 rg BT 231.14 408.80 Td (value ) Tj ET Q q 0 0 0 rg BT 250.50 408.80 Td (of ) Tj ET Q q 0 0 0 rg BT 259.19 408.80 Td (the ) Tj ET Q q 0 0 0 rg BT 271.00 408.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 292.58 408.80 Td (B ) Tj ET Q q 0 0 0 rg BT 299.95 408.80 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 331.74 408.80 Td (Shares ) Tj ET Q q 0 0 0 rg BT 355.11 408.80 Td (was ) Tj ET Q q 0 0 0 rg BT 369.58 408.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.84 408.80 Td (269.4 ) Tj ET Q q 0 0 0 rg BT 405.87 408.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.99 408.80 Td ( ) Tj ET Q q 0 0 0 rg BT 431.02 408.80 Td (and ) Tj ET Q q 0 0 0 rg BT 444.60 408.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.86 408.80 Td (264.6 ) Tj ET Q q 0 0 0 rg BT 480.90 408.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.01 408.80 Td (, ) Tj ET Q q 0 0 0 rg BT 508.04 408.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 546.17 408.80 Td (. ) Tj ET Q q 0 0 0 rg BT 550.06 408.80 Td (The ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 399.20 Td (stated ) Tj ET Q q 0 0 0 rg BT 71.05 399.20 Td (value ) Tj ET Q q 0 0 0 rg BT 91.27 399.20 Td (of ) Tj ET Q q 0 0 0 rg BT 100.83 399.20 Td (the ) Tj ET Q q 0 0 0 rg BT 113.50 399.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 135.95 399.20 Td (B ) Tj ET Q q 0 0 0 rg BT 144.18 399.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 176.83 399.20 Td (Shares ) Tj ET Q q 0 0 0 rg BT 201.05 399.20 Td (of ) Tj ET Q q 0 0 0 rg BT 210.61 399.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 227.73 399.20 Td (1,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.73 399.20 Td ( ) Tj ET Q q 0 0 0 rg BT 248.63 399.20 Td (per ) Tj ET Q q 0 0 0 rg BT 261.73 399.20 Td (share ) Tj ET Q q 0 0 0 rg BT 281.51 399.20 Td (accreted ) Tj ET Q q 0 0 0 rg BT 311.04 399.20 Td (at ) Tj ET Q q 0 0 0 rg BT 319.71 399.20 Td (an ) Tj ET Q q 0 0 0 rg BT 330.16 399.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 354.38 399.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 369.26 399.20 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.82 399.20 Td (3.75%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.48 399.20 Td (, ) Tj ET Q q 0 0 0 rg BT 404.38 399.20 Td (compounded ) Tj ET Q q 0 0 0 rg BT 448.59 399.20 Td (quarterly) Tj ET Q q 0 0 0 rg BT 476.95 399.20 Td (, ) Tj ET Q q 0 0 0 rg BT 481.84 399.20 Td (from ) Tj ET Q q 0 0 0 rg BT 500.29 399.20 Td (June25,2016 ) Tj ET Q q 0 0 0 rg BT 547.85 399.20 Td (until ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 389.60 Td (June24,2018.) Tj ET Q q 0 0 0 rg BT 98.02 389.60 Td (The ) Tj ET Q q 0 0 0 rg BT 112.48 389.60 Td (Series ) Tj ET Q q 0 0 0 rg BT 134.05 389.60 Td (B ) Tj ET Q q 0 0 0 rg BT 141.40 389.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 173.18 389.60 Td (Shares ) Tj ET Q q 0 0 0 rg BT 196.53 389.60 Td (will ) Tj ET Q q 0 0 0 rg BT 210.99 389.60 Td (not ) Tj ET Q q 0 0 0 rg BT 223.23 389.60 Td (accrete ) Tj ET Q q 0 0 0 rg BT 247.89 389.60 Td (further) Tj ET Q q 0 0 0 rg BT 269.22 389.60 Td (. ) Tj ET Q q 0 0 0 rg BT 272.79 389.60 Td (As ) Tj ET Q q 0 0 0 rg BT 283.70 389.60 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.39 389.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 339.27 389.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.27 389.60 Td (, ) Tj ET Q q 0 0 0 rg BT 359.29 389.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.09 389.60 Td (200,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.09 389.60 Td ( ) Tj ET Q q 0 0 0 rg BT 399.10 389.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 421.12 389.60 Td (of ) Tj ET Q q 0 0 0 rg BT 429.80 389.60 Td (Series ) Tj ET Q q 0 0 0 rg BT 451.37 389.60 Td (B ) Tj ET Q q 0 0 0 rg BT 458.73 389.60 Td (preferred ) Tj ET Q q 0 0 0 rg BT 490.05 389.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 508.96 389.60 Td (were ) Tj ET Q q 0 0 0 rg BT 526.52 389.60 Td (convertible ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 380.00 Td (into ) Tj ET Q q 0 0 0 rg BT 63.95 380.00 Td (approximately ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 112.15 380.00 Td (1) Tj ET Q q 0 0 0 rg BT 115.86 380.00 Td (1) Tj ET Q q 0 0 0 rg BT 119.56 380.00 Td (1.1 ) Tj ET Q q 0 0 0 rg BT 131.56 380.00 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 154.67 380.00 Td ( ) Tj ET Q q 0 0 0 rg BT 156.67 380.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 178.66 380.00 Td (of ) Tj ET Q q 0 0 0 rg BT 187.33 380.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 206.22 380.00 Td (A) Tj ET Q q 0 0 0 rg BT 211.56 380.00 Td ( ) Tj ET Q q 0 0 0 rg BT 213.56 380.00 Td (common ) Tj ET Q q 0 0 0 rg BT 243.55 380.00 Td (stock.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 364.40 Td (Each ) Tj ET Q q 0 0 0 rg BT 67.76 364.40 Td (SeriesB ) Tj ET Q q 0 0 0 rg BT 96.93 364.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 128.96 364.40 Td (Share ) Tj ET Q q 0 0 0 rg BT 149.45 364.40 Td (may) Tj ET Q q 0 0 0 rg BT 162.70 364.40 Td (, ) Tj ET Q q 0 0 0 rg BT 166.98 364.40 Td (at ) Tj ET Q q 0 0 0 rg BT 175.03 364.40 Td (the ) Tj ET Q q 0 0 0 rg BT 187.08 364.40 Td (holder's ) Tj ET Q q 0 0 0 rg BT 214.34 364.40 Td (option, ) Tj ET Q q 0 0 0 rg BT 239.06 364.40 Td (be ) Tj ET Q q 0 0 0 rg BT 248.89 364.40 Td (converted ) Tj ET Q q 0 0 0 rg BT 282.71 364.40 Td (into ) Tj ET Q q 0 0 0 rg BT 297.43 364.40 Td (the ) Tj ET Q q 0 0 0 rg BT 309.47 364.40 Td (number ) Tj ET Q q 0 0 0 rg BT 336.19 364.40 Td (of ) Tj ET Q q 0 0 0 rg BT 345.13 364.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 367.39 364.40 Td (of ) Tj ET Q q 0 0 0 rg BT 376.33 364.40 Td (our ) Tj ET Q q 0 0 0 rg BT 389.27 364.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 408.38 364.40 Td (A) Tj ET Q q 0 0 0 rg BT 413.72 364.40 Td ( ) Tj ET Q q 0 0 0 rg BT 415.99 364.40 Td (common ) Tj ET Q q 0 0 0 rg BT 446.27 364.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 465.43 364.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 503.69 364.40 Td (by ) Tj ET Q q 0 0 0 rg BT 513.96 364.40 Td (dividing ) Tj ET Q q 0 0 0 rg BT 542.91 364.40 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 552.73 364.40 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 354.80 Td (accreted ) Tj ET Q q 0 0 0 rg BT 78.14 354.80 Td (stated ) Tj ET Q q 0 0 0 rg BT 98.79 354.80 Td (value ) Tj ET Q q 0 0 0 rg BT 118.12 354.80 Td (plus ) Tj ET Q q 0 0 0 rg BT 133.45 354.80 Td (accrued ) Tj ET Q q 0 0 0 rg BT 160.31 354.80 Td (but ) Tj ET Q q 0 0 0 rg BT 172.53 354.80 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 196.30 354.80 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 231.41 354.80 Td (if ) Tj ET Q q 0 0 0 rg BT 238.29 354.80 Td (any) Tj ET Q q 0 0 0 rg BT 249.33 354.80 Td (, ) Tj ET Q q 0 0 0 rg BT 253.32 354.80 Td (in ) Tj ET Q q 0 0 0 rg BT 261.54 354.80 Td (each ) Tj ET Q q 0 0 0 rg BT 278.19 354.80 Td (case ) Tj ET Q q 0 0 0 rg BT 293.95 354.80 Td (as ) Tj ET Q q 0 0 0 rg BT 302.62 354.80 Td (of ) Tj ET Q q 0 0 0 rg BT 311.28 354.80 Td (the ) Tj ET Q q 0 0 0 rg BT 323.05 354.80 Td (conversion ) Tj ET Q q 0 0 0 rg BT 360.15 354.80 Td (date, ) Tj ET Q q 0 0 0 rg BT 377.47 354.80 Td (by ) Tj ET Q q 0 0 0 rg BT 387.46 354.80 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 399.23 354.80 Td (the ) Tj ET Q q 0 0 0 rg BT 411.00 354.80 Td (conversion ) Tj ET Q q 0 0 0 rg BT 448.10 354.80 Td (price, ) Tj ET Q q 0 0 0 rg BT 468.09 354.80 Td (which ) Tj ET Q q 0 0 0 rg BT 489.64 354.80 Td (was ) Tj ET Q q 0 0 0 rg BT 504.08 354.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 552.28 354.80 Td (US) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 345.20 Td ($ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.50 345.20 Td (2.42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 69.50 345.20 Td ( ) Tj ET Q q 0 0 0 rg BT 71.50 345.20 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.27 345.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 126.14 345.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.14 345.20 Td (, ) Tj ET Q q 0 0 0 rg BT 146.14 345.20 Td (but ) Tj ET Q q 0 0 0 rg BT 158.36 345.20 Td (is ) Tj ET Q q 0 0 0 rg BT 165.70 345.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 190.36 345.20 Td (to ) Tj ET Q q 0 0 0 rg BT 198.58 345.20 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 235.69 345.20 Td (from ) Tj ET Q q 0 0 0 rg BT 253.24 345.20 Td (time ) Tj ET Q q 0 0 0 rg BT 269.46 345.20 Td (to ) Tj ET Q q 0 0 0 rg BT 277.68 345.20 Td (time ) Tj ET Q q 0 0 0 rg BT 293.90 345.20 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 323.45 345.20 Td (to ) Tj ET Q q 0 0 0 rg BT 331.67 345.20 Td (customary ) Tj ET Q q 0 0 0 rg BT 367.00 345.20 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 425.85 345.20 Td (anti-dilution ) Tj ET Q q 0 0 0 rg BT 467.40 345.20 Td (provisions ) Tj ET Q q 0 0 0 rg BT 502.74 345.20 Td (with ) Tj ET Q q 0 0 0 rg BT 518.96 345.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 543.61 345.20 Td (to ) Tj ET Q q 0 0 0 rg BT 551.84 345.20 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 335.60 Td (issuances ) Tj ET Q q 0 0 0 rg BT 81.68 335.60 Td (of ) Tj ET Q q 0 0 0 rg BT 90.31 335.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 112.27 335.60 Td (or ) Tj ET Q q 0 0 0 rg BT 120.89 335.60 Td (equity-linked ) Tj ET Q q 0 0 0 rg BT 165.51 335.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 197.69 335.60 Td (at ) Tj ET Q q 0 0 0 rg BT 205.43 335.60 Td (a ) Tj ET Q q 0 0 0 rg BT 210.94 335.60 Td (price ) Tj ET Q q 0 0 0 rg BT 228.89 335.60 Td (below ) Tj ET Q q 0 0 0 rg BT 250.41 335.60 Td (the ) Tj ET Q q 0 0 0 rg BT 262.15 335.60 Td (then-applicable ) Tj ET Q q 0 0 0 rg BT 313.42 335.60 Td (conversion ) Tj ET Q q 0 0 0 rg BT 350.48 335.60 Td (price ) Tj ET Q q 0 0 0 rg BT 368.44 335.60 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 404.61 335.60 Td (any ) Tj ET Q q 0 0 0 rg BT 418.13 335.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 450.30 335.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 472.26 335.60 Td (under ) Tj ET Q q 0 0 0 rg BT 492.44 335.60 Td (our ) Tj ET Q q 0 0 0 rg BT 505.07 335.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 529.25 335.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 548.10 335.60 Td (at ) Tj ET Q q 0 0 0 rg BT 555.83 335.60 Td (or ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 326.00 Td (above ) Tj ET Q q 0 0 0 rg BT 70.37 326.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 83.24 326.00 Td (market ) Tj ET Q q 0 0 0 rg BT 107.22 326.00 Td (value\). ) Tj ET Q q 0 0 0 rg BT 130.85 326.00 Td (W) Tj ET Q q 0 0 0 rg BT 137.76 326.00 Td (e ) Tj ET Q q 0 0 0 rg BT 143.08 326.00 Td (have ) Tj ET Q q 0 0 0 rg BT 159.95 326.00 Td (the ) Tj ET Q q 0 0 0 rg BT 171.50 326.00 Td (right ) Tj ET Q q 0 0 0 rg BT 188.38 326.00 Td (to ) Tj ET Q q 0 0 0 rg BT 196.37 326.00 Td (redeem ) Tj ET Q q 0 0 0 rg BT 221.68 326.00 Td (the ) Tj ET Q q 0 0 0 rg BT 233.22 326.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 254.54 326.00 Td (B ) Tj ET Q q 0 0 0 rg BT 261.65 326.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 293.17 326.00 Td (Shares ) Tj ET Q q 0 0 0 rg BT 316.27 326.00 Td (in ) Tj ET Q q 0 0 0 rg BT 324.26 326.00 Td (whole ) Tj ET Q q 0 0 0 rg BT 345.58 326.00 Td (or ) Tj ET Q q 0 0 0 rg BT 354.02 326.00 Td (in ) Tj ET Q q 0 0 0 rg BT 362.01 326.00 Td (part ) Tj ET Q q 0 0 0 rg BT 376.22 326.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 393.99 326.00 Td (30 ) Tj ET Q q 0 0 0 rg BT 403.75 326.00 Td (days' ) Tj ET Q q 0 0 0 rg BT 421.63 326.00 Td (written ) Tj ET Q q 0 0 0 rg BT 446.06 326.00 Td (notice. ) Tj ET Q q 0 0 0 rg BT 469.25 326.00 Td (The ) Tj ET Q q 0 0 0 rg BT 483.46 326.00 Td (redemption ) Tj ET Q q 0 0 0 rg BT 521.66 326.00 Td (price ) Tj ET Q q 0 0 0 rg BT 539.42 326.00 Td (of ) Tj ET Q q 0 0 0 rg BT 547.85 326.00 Td (each ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 316.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 88.54 316.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 109.80 316.40 Td (B ) Tj ET Q q 0 0 0 rg BT 116.85 316.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 148.31 316.40 Td (Share ) Tj ET Q q 0 0 0 rg BT 168.24 316.40 Td (is ) Tj ET Q q 0 0 0 rg BT 175.28 316.40 Td (equal ) Tj ET Q q 0 0 0 rg BT 194.31 316.40 Td (to ) Tj ET Q q 0 0 0 rg BT 202.25 316.40 Td (its ) Tj ET Q q 0 0 0 rg BT 211.51 316.40 Td (accreted ) Tj ET Q q 0 0 0 rg BT 239.86 316.40 Td (stated ) Tj ET Q q 0 0 0 rg BT 260.23 316.40 Td (value ) Tj ET Q q 0 0 0 rg BT 279.27 316.40 Td (plus ) Tj ET Q q 0 0 0 rg BT 294.31 316.40 Td (accrued ) Tj ET Q q 0 0 0 rg BT 320.89 316.40 Td (but ) Tj ET Q q 0 0 0 rg BT 332.82 316.40 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 356.30 316.40 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 391.12 316.40 Td (if ) Tj ET Q q 0 0 0 rg BT 397.71 316.40 Td (any) Tj ET Q q 0 0 0 rg BT 408.75 316.40 Td (, ) Tj ET Q q 0 0 0 rg BT 412.46 316.40 Td (in ) Tj ET Q q 0 0 0 rg BT 420.39 316.40 Td (each ) Tj ET Q q 0 0 0 rg BT 436.75 316.40 Td (case ) Tj ET Q q 0 0 0 rg BT 452.22 316.40 Td (as ) Tj ET Q q 0 0 0 rg BT 460.60 316.40 Td (of ) Tj ET Q q 0 0 0 rg BT 468.97 316.40 Td (the ) Tj ET Q q 0 0 0 rg BT 480.45 316.40 Td (redemption ) Tj ET Q q 0 0 0 rg BT 518.59 316.40 Td (date ) Tj ET Q q 0 0 0 rg BT 533.63 316.40 Td (specified ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 306.80 Td (in ) Tj ET Q q 0 0 0 rg BT 57.16 306.80 Td (the ) Tj ET Q q 0 0 0 rg BT 68.37 306.80 Td (redemption ) Tj ET Q q 0 0 0 rg BT 106.23 306.80 Td (notice. ) Tj ET Q q 0 0 0 rg BT 128.90 306.80 Td (After ) Tj ET Q q 0 0 0 rg BT 147.21 306.80 Td (receipt ) Tj ET Q q 0 0 0 rg BT 170.41 306.80 Td (of ) Tj ET Q q 0 0 0 rg BT 178.51 306.80 Td (a ) Tj ET Q q 0 0 0 rg BT 183.49 306.80 Td (redemption ) Tj ET Q q 0 0 0 rg BT 221.36 306.80 Td (notice, ) Tj ET Q q 0 0 0 rg BT 244.34 306.80 Td (each ) Tj ET Q q 0 0 0 rg BT 260.43 306.80 Td (holder ) Tj ET Q q 0 0 0 rg BT 282.30 306.80 Td (of ) Tj ET Q q 0 0 0 rg BT 290.40 306.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 311.38 306.80 Td (B ) Tj ET Q q 0 0 0 rg BT 318.16 306.80 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 349.35 306.80 Td (Shares ) Tj ET Q q 0 0 0 rg BT 372.11 306.80 Td (will ) Tj ET Q q 0 0 0 rg BT 385.99 306.80 Td (have ) Tj ET Q q 0 0 0 rg BT 402.53 306.80 Td (the ) Tj ET Q q 0 0 0 rg BT 413.73 306.80 Td (right ) Tj ET Q q 0 0 0 rg BT 430.28 306.80 Td (to ) Tj ET Q q 0 0 0 rg BT 437.94 306.80 Td (convert, ) Tj ET Q q 0 0 0 rg BT 465.36 306.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 482.34 306.80 Td (to ) Tj ET Q q 0 0 0 rg BT 490.00 306.80 Td (the ) Tj ET Q q 0 0 0 rg BT 501.21 306.80 Td (date ) Tj ET Q q 0 0 0 rg BT 515.97 306.80 Td (of ) Tj ET Q q 0 0 0 rg BT 524.07 306.80 Td (redemption, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 297.20 Td (all ) Tj ET Q q 0 0 0 rg BT 59.41 297.20 Td (or ) Tj ET Q q 0 0 0 rg BT 67.98 297.20 Td (part ) Tj ET Q q 0 0 0 rg BT 82.33 297.20 Td (of ) Tj ET Q q 0 0 0 rg BT 90.90 297.20 Td (such ) Tj ET Q q 0 0 0 rg BT 107.47 297.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 128.93 297.20 Td (B ) Tj ET Q q 0 0 0 rg BT 136.18 297.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 167.84 297.20 Td (Shares ) Tj ET Q q 0 0 0 rg BT 191.08 297.20 Td (to ) Tj ET Q q 0 0 0 rg BT 199.21 297.20 Td (be ) Tj ET Q q 0 0 0 rg BT 208.67 297.20 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 241.67 297.20 Td (by ) Tj ET Q q 0 0 0 rg BT 251.58 297.20 Td (us ) Tj ET Q q 0 0 0 rg BT 260.60 297.20 Td (into ) Tj ET Q q 0 0 0 rg BT 274.96 297.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 296.86 297.20 Td (of ) Tj ET Q q 0 0 0 rg BT 305.43 297.20 Td (our ) Tj ET Q q 0 0 0 rg BT 318.01 297.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 336.83 297.20 Td (A) Tj ET Q q 0 0 0 rg BT 342.17 297.20 Td ( ) Tj ET Q q 0 0 0 rg BT 344.07 297.20 Td (common ) Tj ET Q q 0 0 0 rg BT 373.98 297.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 392.78 297.20 Td (in ) Tj ET Q q 0 0 0 rg BT 400.91 297.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 438.79 297.20 Td (with ) Tj ET Q q 0 0 0 rg BT 454.92 297.20 Td (the ) Tj ET Q q 0 0 0 rg BT 466.60 297.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 486.28 297.20 Td (of ) Tj ET Q q 0 0 0 rg BT 494.86 297.20 Td (conversion ) Tj ET Q q 0 0 0 rg BT 531.87 297.20 Td (described ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 287.60 Td (above.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 272.00 Td (Holders ) Tj ET Q q 0 0 0 rg BT 77.00 272.00 Td (of ) Tj ET Q q 0 0 0 rg BT 85.84 272.00 Td (the ) Tj ET Q q 0 0 0 rg BT 97.79 272.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 119.52 272.00 Td (B ) Tj ET Q q 0 0 0 rg BT 127.03 272.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 158.96 272.00 Td (Shares ) Tj ET Q q 0 0 0 rg BT 182.47 272.00 Td (have ) Tj ET Q q 0 0 0 rg BT 199.75 272.00 Td (no ) Tj ET Q q 0 0 0 rg BT 209.92 272.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 232.54 272.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 252.94 272.00 Td (on ) Tj ET Q q 0 0 0 rg BT 263.12 272.00 Td (any ) Tj ET Q q 0 0 0 rg BT 276.84 272.00 Td (matter ) Tj ET Q q 0 0 0 rg BT 299.45 272.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 332.28 272.00 Td (to ) Tj ET Q q 0 0 0 rg BT 340.68 272.00 Td (holders ) Tj ET Q q 0 0 0 rg BT 366.41 272.00 Td (of ) Tj ET Q q 0 0 0 rg BT 375.25 272.00 Td (any ) Tj ET Q q 0 0 0 rg BT 388.97 272.00 Td (class ) Tj ET Q q 0 0 0 rg BT 406.70 272.00 Td (of ) Tj ET Q q 0 0 0 rg BT 415.54 272.00 Td (our ) Tj ET Q q 0 0 0 rg BT 428.38 272.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 451.88 272.00 Td (stock, ) Tj ET Q q 0 0 0 rg BT 472.94 272.00 Td (with ) Tj ET Q q 0 0 0 rg BT 489.34 272.00 Td (the ) Tj ET Q q 0 0 0 rg BT 501.29 272.00 Td (exception ) Tj ET Q q 0 0 0 rg BT 534.56 272.00 Td (that ) Tj ET Q q 0 0 0 rg BT 548.73 272.00 Td (they ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 262.40 Td (may ) Tj ET Q q 0 0 0 rg BT 65.80 262.40 Td (vote ) Tj ET Q q 0 0 0 rg BT 82.10 262.40 Td (with ) Tj ET Q q 0 0 0 rg BT 98.85 262.40 Td (holders ) Tj ET Q q 0 0 0 rg BT 124.93 262.40 Td (of ) Tj ET Q q 0 0 0 rg BT 134.12 262.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 156.63 262.40 Td (of ) Tj ET Q q 0 0 0 rg BT 165.83 262.40 Td (our ) Tj ET Q q 0 0 0 rg BT 179.02 262.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 198.32 262.40 Td (A) Tj ET Q q 0 0 0 rg BT 203.66 262.40 Td ( ) Tj ET Q q 0 0 0 rg BT 206.18 262.40 Td (common ) Tj ET Q q 0 0 0 rg BT 236.71 262.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 256.12 262.40 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 266.20 262.40 Td (with ) Tj ET Q q 0 0 0 rg BT 282.94 262.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 308.12 262.40 Td (to ) Tj ET Q q 0 0 0 rg BT 316.87 262.40 Td (a ) Tj ET Q q 0 0 0 rg BT 322.95 262.40 Td (change ) Tj ET Q q 0 0 0 rg BT 348.13 262.40 Td (of ) Tj ET Q q 0 0 0 rg BT 357.32 262.40 Td (control ) Tj ET Q q 0 0 0 rg BT 382.50 262.40 Td (event ) Tj ET Q q 0 0 0 rg BT 402.36 262.40 Td (or ) Tj ET Q q 0 0 0 rg BT 411.55 262.40 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 423.85 262.40 Td (as ) Tj ET Q q 0 0 0 rg BT 433.04 262.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 464.00 262.40 Td (by ) Tj ET Q q 0 0 0 rg BT 474.53 262.40 Td (our ) Tj ET Q q 0 0 0 rg BT 487.72 262.40 Td (Bye-laws ) Tj ET Q q 0 0 0 rg BT 520.46 262.40 Td (or ) Tj ET Q q 0 0 0 rg BT 529.65 262.40 Td (applicable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 252.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 80.65 252.80 Td (law) Tj ET Q q 0 0 0 rg BT 91.68 252.80 Td (. ) Tj ET Q q 0 0 0 rg BT 95.51 252.80 Td (Holders ) Tj ET Q q 0 0 0 rg BT 122.67 252.80 Td (of ) Tj ET Q q 0 0 0 rg BT 131.16 252.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 152.54 252.80 Td (B ) Tj ET Q q 0 0 0 rg BT 159.70 252.80 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 191.29 252.80 Td (Shares ) Tj ET Q q 0 0 0 rg BT 214.45 252.80 Td (will ) Tj ET Q q 0 0 0 rg BT 228.72 252.80 Td (participate ) Tj ET Q q 0 0 0 rg BT 264.30 252.80 Td (in ) Tj ET Q q 0 0 0 rg BT 272.36 252.80 Td (any ) Tj ET Q q 0 0 0 rg BT 285.73 252.80 Td (dividends ) Tj ET Q q 0 0 0 rg BT 318.67 252.80 Td (declared ) Tj ET Q q 0 0 0 rg BT 347.59 252.80 Td (or ) Tj ET Q q 0 0 0 rg BT 356.08 252.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 371.68 252.80 Td (on ) Tj ET Q q 0 0 0 rg BT 381.51 252.80 Td (our ) Tj ET Q q 0 0 0 rg BT 394.00 252.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 412.76 252.80 Td (A) Tj ET Q q 0 0 0 rg BT 418.10 252.80 Td ( ) Tj ET Q q 0 0 0 rg BT 419.93 252.80 Td (common ) Tj ET Q q 0 0 0 rg BT 449.75 252.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 468.47 252.80 Td (on ) Tj ET Q q 0 0 0 rg BT 478.30 252.80 Td (an ) Tj ET Q q 0 0 0 rg BT 487.67 252.80 Td (as-converted ) Tj ET Q q 0 0 0 rg BT 530.37 252.80 Td (basis. ) Tj ET Q q 0 0 0 rg BT 550.07 252.80 Td (The ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 243.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 70.90 243.20 Td (B ) Tj ET Q q 0 0 0 rg BT 78.09 243.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 109.70 243.20 Td (Shares ) Tj ET Q q 0 0 0 rg BT 132.88 243.20 Td (will ) Tj ET Q q 0 0 0 rg BT 147.18 243.20 Td (rank ) Tj ET Q q 0 0 0 rg BT 163.24 243.20 Td (pari ) Tj ET Q q 0 0 0 rg BT 177.53 243.20 Td (passu ) Tj ET Q q 0 0 0 rg BT 197.16 243.20 Td (with ) Tj ET Q q 0 0 0 rg BT 213.23 243.20 Td (our ) Tj ET Q q 0 0 0 rg BT 225.75 243.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 246.74 243.20 Td (A) Tj ET Q q 0 0 0 rg BT 252.08 243.20 Td ( ) Tj ET Q q 0 0 0 rg BT 253.93 243.20 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 293.55 243.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 325.16 243.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 345.24 243.20 Td (and ) Tj ET Q q 0 0 0 rg BT 358.64 243.20 Td (senior ) Tj ET Q q 0 0 0 rg BT 380.04 243.20 Td (to ) Tj ET Q q 0 0 0 rg BT 388.11 243.20 Td (all ) Tj ET Q q 0 0 0 rg BT 397.96 243.20 Td (other ) Tj ET Q q 0 0 0 rg BT 416.25 243.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 438.10 243.20 Td (securities ) Tj ET Q q 0 0 0 rg BT 470.16 243.20 Td (of ) Tj ET Q q 0 0 0 rg BT 478.68 243.20 Td (the ) Tj ET Q q 0 0 0 rg BT 490.30 243.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 523.26 243.20 Td (in ) Tj ET Q q 0 0 0 rg BT 531.34 243.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 555.84 243.20 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 233.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 78.96 233.60 Td (of ) Tj ET Q q 0 0 0 rg BT 87.55 233.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 120.57 233.60 Td (and ) Tj ET Q q 0 0 0 rg BT 134.04 233.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 172.85 233.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.43 233.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 202.02 233.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 219.93 233.60 Td (liquidation. ) Tj ET Q q 0 0 0 rg BT 258.38 233.60 Td (The ) Tj ET Q q 0 0 0 rg BT 272.73 233.60 Td (Series ) Tj ET Q q 0 0 0 rg BT 294.20 233.60 Td (B ) Tj ET Q q 0 0 0 rg BT 301.46 233.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 333.13 233.60 Td (Shares ) Tj ET Q q 0 0 0 rg BT 356.38 233.60 Td (have ) Tj ET Q q 0 0 0 rg BT 373.40 233.60 Td (such ) Tj ET Q q 0 0 0 rg BT 389.98 233.60 Td (other ) Tj ET Q q 0 0 0 rg BT 408.33 233.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 430.47 233.60 Td (powers ) Tj ET Q q 0 0 0 rg BT 455.50 233.60 Td (and ) Tj ET Q q 0 0 0 rg BT 468.97 233.60 Td (preferences ) Tj ET Q q 0 0 0 rg BT 507.74 233.60 Td (as ) Tj ET Q q 0 0 0 rg BT 516.33 233.60 Td (are ) Tj ET Q q 0 0 0 rg BT 528.01 233.60 Td (set ) Tj ET Q q 0 0 0 rg BT 538.81 233.60 Td (forth ) Tj ET Q q 0 0 0 rg BT 556.28 233.60 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 224.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 224.00 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 97.03 224.00 Td (of ) Tj ET Q q 0 0 0 rg BT 105.70 224.00 Td (Designation ) Tj ET Q q 0 0 0 rg BT 146.36 224.00 Td (for ) Tj ET Q q 0 0 0 rg BT 157.68 224.00 Td (the ) Tj ET Q q 0 0 0 rg BT 169.46 224.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 191.01 224.00 Td (B ) Tj ET Q q 0 0 0 rg BT 198.34 224.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 230.10 224.00 Td (Shares.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 208.40 Td (The ) Tj ET Q q 0 0 0 rg BT 63.91 208.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 85.43 208.40 Td (B ) Tj ET Q q 0 0 0 rg BT 92.74 208.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 124.47 208.40 Td (Shares ) Tj ET Q q 0 0 0 rg BT 147.77 208.40 Td (are ) Tj ET Q q 0 0 0 rg BT 159.51 208.40 Td (not ) Tj ET Q q 0 0 0 rg BT 171.71 208.40 Td (considered ) Tj ET Q q 0 0 0 rg BT 208.33 208.40 Td (a ) Tj ET Q q 0 0 0 rg BT 213.86 208.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 240.71 208.40 Td (and ) Tj ET Q q 0 0 0 rg BT 254.24 208.40 Td (the ) Tj ET Q q 0 0 0 rg BT 265.98 208.40 Td (embedded ) Tj ET Q q 0 0 0 rg BT 300.83 208.40 Td (conversion ) Tj ET Q q 0 0 0 rg BT 337.91 208.40 Td (feature ) Tj ET Q q 0 0 0 rg BT 362.08 208.40 Td (does ) Tj ET Q q 0 0 0 rg BT 378.72 208.40 Td (not ) Tj ET Q q 0 0 0 rg BT 390.91 208.40 Td (require ) Tj ET Q q 0 0 0 rg BT 415.54 208.40 Td (bifurcation. ) Tj ET Q q 0 0 0 rg BT 454.47 208.40 Td (The ) Tj ET Q q 0 0 0 rg BT 468.88 208.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 490.40 208.40 Td (B ) Tj ET Q q 0 0 0 rg BT 497.71 208.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 529.44 208.40 Td (Shares ) Tj ET Q q 0 0 0 rg BT 552.74 208.40 Td (are ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 198.80 Td (classified ) Tj ET Q q 0 0 0 rg BT 82.15 198.80 Td (outside ) Tj ET Q q 0 0 0 rg BT 107.70 198.80 Td (of ) Tj ET Q q 0 0 0 rg BT 116.80 198.80 Td (permanent ) Tj ET Q q 0 0 0 rg BT 153.00 198.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 175.43 198.80 Td (at ) Tj ET Q q 0 0 0 rg BT 183.64 198.80 Td (redemption ) Tj ET Q q 0 0 0 rg BT 222.51 198.80 Td (value. ) Tj ET Q q 0 0 0 rg BT 244.27 198.80 Td (For ) Tj ET Q q 0 0 0 rg BT 257.82 198.80 Td (the ) Tj ET Q q 0 0 0 rg BT 270.04 198.80 Td (years ) Tj ET Q q 0 0 0 rg BT 289.35 198.80 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.89 198.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 358.20 198.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.20 198.80 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.63 198.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.63 198.80 Td ( ) Tj ET Q q 0 0 0 rg BT 397.07 198.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.06 198.80 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.06 198.80 Td (, ) Tj ET Q q 0 0 0 rg BT 431.50 198.80 Td (we ) Tj ET Q q 0 0 0 rg BT 443.26 198.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 480.79 198.80 Td (accretion ) Tj ET Q q 0 0 0 rg BT 512.54 198.80 Td (on ) Tj ET Q q 0 0 0 rg BT 522.98 198.80 Td (the ) Tj ET Q q 0 0 0 rg BT 535.19 198.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 557.18 198.80 Td (B ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 189.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 81.26 189.20 Td (Shares ) Tj ET Q q 0 0 0 rg BT 104.59 189.20 Td (of ) Tj ET Q q 0 0 0 rg BT 113.25 189.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 129.48 189.20 Td (4.8 ) Tj ET Q q 0 0 0 rg BT 141.48 189.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.59 189.20 Td (, ) Tj ET Q q 0 0 0 rg BT 168.59 189.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.82 189.20 Td (9.7 ) Tj ET Q q 0 0 0 rg BT 196.82 189.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.93 189.20 Td ( ) Tj ET Q q 0 0 0 rg BT 221.93 189.20 Td (and ) Tj ET Q q 0 0 0 rg BT 235.48 189.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.71 189.20 Td (13.7 ) Tj ET Q q 0 0 0 rg BT 267.71 189.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.82 189.20 Td (, ) Tj ET Q q 0 0 0 rg BT 294.82 189.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 332.95 189.20 Td (, ) Tj ET Q q 0 0 0 rg BT 336.95 189.20 Td (with ) Tj ET Q q 0 0 0 rg BT 353.17 189.20 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 400.94 189.20 Td (decreases ) Tj ET Q q 0 0 0 rg BT 433.58 189.20 Td (in ) Tj ET Q q 0 0 0 rg BT 441.80 189.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 475.80 189.20 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 500.46 189.20 Td (capital.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 167.60 Td (13. ) Tj ET Q q 0 0 0 rg BT 67.50 167.60 Td (EQUITY) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 149.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.20 149.00 Td (eferr) Tj ET Q q 0 0 0 rg BT 72.46 149.00 Td (ed ) Tj ET Q q 0 0 0 rg BT 82.01 149.00 Td (Stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 133.40 Td (5,000,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.50 133.40 Td ( ) Tj ET Q q 0 0 0 rg BT 83.50 133.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 105.49 133.40 Td (of ) Tj ET Q q 0 0 0 rg BT 114.16 133.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 145.91 133.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 166.14 133.40 Td (were ) Tj ET Q q 0 0 0 rg BT 183.68 133.40 Td (authorized ) Tj ET Q q 0 0 0 rg BT 219.44 133.40 Td (as ) Tj ET Q q 0 0 0 rg BT 228.11 133.40 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.88 133.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 282.75 133.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.75 133.40 Td ( ) Tj ET Q q 0 0 0 rg BT 300.75 133.40 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 133.40 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.30 133.40 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 117.80 Td (One) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.83 117.80 Td ( ) Tj ET Q q 0 0 0 rg BT 64.84 117.80 Td (share ) Tj ET Q q 0 0 0 rg BT 83.74 117.80 Td (of ) Tj ET Q q 0 0 0 rg BT 92.42 117.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 113.54 117.80 Td (A) Tj ET Q q 0 0 0 rg BT 118.88 117.80 Td ( ) Tj ET Q q 0 0 0 rg BT 120.90 117.80 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 160.68 117.80 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 192.46 117.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 212.70 117.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 227.15 117.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 251.82 117.80 Td (A) Tj ET Q q 0 0 0 rg BT 257.16 117.80 Td ( ) Tj ET Q q 0 0 0 rg BT 259.17 117.80 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 290.95 117.80 Td (Share\) ) Tj ET Q q 0 0 0 rg BT 317.40 117.80 Td (was ) Tj ET Q q 0 0 0 rg BT 331.85 117.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 353.87 117.80 Td (and ) Tj ET Q q 0 0 0 rg BT 367.44 117.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 406.79 117.80 Td (as ) Tj ET Q q 0 0 0 rg BT 415.47 117.80 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.26 117.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 470.14 117.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.14 117.80 Td ( ) Tj ET Q q 0 0 0 rg BT 488.16 117.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.72 117.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.72 117.80 Td (. ) Tj ET Q q 0 0 0 rg BT 521.60 117.80 Td (The ) Tj ET Q q 0 0 0 rg BT 536.05 117.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 557.17 117.80 Td (A) Tj ET Q q 0 0 0 rg BT 562.51 117.80 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 108.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 80.97 108.20 Td (Share ) Tj ET Q q 0 0 0 rg BT 100.89 108.20 Td (is ) Tj ET Q q 0 0 0 rg BT 107.94 108.20 Td (convertible ) Tj ET Q q 0 0 0 rg BT 145.63 108.20 Td (into ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 159.79 108.20 Td (1) Tj ET Q q 0 0 0 rg BT 163.49 108.20 Td (1,21) Tj ET Q q 0 0 0 rg BT 177.19 108.20 Td (1,449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.19 108.20 Td ( ) Tj ET Q q 0 0 0 rg BT 196.90 108.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 218.61 108.20 Td (of ) Tj ET Q q 0 0 0 rg BT 226.98 108.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 245.65 108.20 Td (A) Tj ET Q q 0 0 0 rg BT 250.98 108.20 Td ( ) Tj ET Q q 0 0 0 rg BT 252.69 108.20 Td (common ) Tj ET Q q 0 0 0 rg BT 282.40 108.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 301.00 108.20 Td (on ) Tj ET Q q 0 0 0 rg BT 310.71 108.20 Td (the ) Tj ET Q q 0 0 0 rg BT 322.19 108.20 Td (date ) Tj ET Q q 0 0 0 rg BT 337.23 108.20 Td (that ) Tj ET Q q 0 0 0 rg BT 350.93 108.20 Td (is ) Tj ET Q q 0 0 0 rg BT 357.98 108.20 Td (61 ) Tj ET Q q 0 0 0 rg BT 367.69 108.20 Td (days ) Tj ET Q q 0 0 0 rg BT 384.06 108.20 Td (after ) Tj ET Q q 0 0 0 rg BT 400.42 108.20 Td (the ) Tj ET Q q 0 0 0 rg BT 411.91 108.20 Td (date ) Tj ET Q q 0 0 0 rg BT 426.94 108.20 Td (on ) Tj ET Q q 0 0 0 rg BT 436.65 108.20 Td (which ) Tj ET Q q 0 0 0 rg BT 457.91 108.20 Td (the ) Tj ET Q q 0 0 0 rg BT 469.40 108.20 Td (ownership ) Tj ET Q q 0 0 0 rg BT 504.43 108.20 Td (of ) Tj ET Q q 0 0 0 rg BT 512.81 108.20 Td (our ) Tj ET Q q 0 0 0 rg BT 525.18 108.20 Td (outstanding ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 98.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 71.44 98.60 Td (of ) Tj ET Q q 0 0 0 rg BT 80.05 98.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 98.91 98.60 Td (A) Tj ET Q q 0 0 0 rg BT 104.25 98.60 Td ( ) Tj ET Q q 0 0 0 rg BT 106.19 98.60 Td (common ) Tj ET Q q 0 0 0 rg BT 136.14 98.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 154.98 98.60 Td (by ) Tj ET Q q 0 0 0 rg BT 164.93 98.60 Td (a ) Tj ET Q q 0 0 0 rg BT 170.43 98.60 Td (group ) Tj ET Q q 0 0 0 rg BT 191.04 98.60 Td (that ) Tj ET Q q 0 0 0 rg BT 204.98 98.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 233.45 98.60 Td (TW) Tj ET Q q 0 0 0 rg BT 245.75 98.60 Td ( ) Tj ET Q q 0 0 0 rg BT 247.69 98.60 Td (Investor ) Tj ET Q q 0 0 0 rg BT 275.86 98.60 Td (and ) Tj ET Q q 0 0 0 rg BT 289.36 98.60 Td (its ) Tj ET Q q 0 0 0 rg BT 298.87 98.60 Td (af) Tj ET Q q 0 0 0 rg BT 304.94 98.60 Td (filiates ) Tj ET Q q 0 0 0 rg BT 328.66 98.60 Td (would ) Tj ET Q q 0 0 0 rg BT 350.60 98.60 Td (not ) Tj ET Q q 0 0 0 rg BT 362.78 98.60 Td (be ) Tj ET Q q 0 0 0 rg BT 372.28 98.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 396.43 98.60 Td (than ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.15 98.60 Td (49.9%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.82 98.60 Td (. ) Tj ET Q q 0 0 0 rg BT 436.62 98.60 Td (The ) Tj ET Q q 0 0 0 rg BT 451.01 98.60 Td (Series ) Tj ET Q q 0 0 0 rg BT 472.08 98.60 Td (A) Tj ET Q q 0 0 0 rg BT 477.42 98.60 Td ( ) Tj ET Q q 0 0 0 rg BT 479.37 98.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 511.07 98.60 Td (Share ) Tj ET Q q 0 0 0 rg BT 531.24 98.60 Td (is ) Tj ET Q q 0 0 0 rg BT 538.52 98.60 Td (entitled ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 89.00 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.43 89.00 Td (one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.98 89.00 Td ( ) Tj ET Q q 0 0 0 rg BT 70.69 89.00 Td (vote ) Tj ET Q q 0 0 0 rg BT 86.17 89.00 Td (per ) Tj ET Q q 0 0 0 rg BT 98.09 89.00 Td (each ) Tj ET Q q 0 0 0 rg BT 114.45 89.00 Td (share ) Tj ET Q q 0 0 0 rg BT 133.04 89.00 Td (of ) Tj ET Q q 0 0 0 rg BT 141.41 89.00 Td (Class) Tj ET Q q 0 0 0 rg BT 160.31 89.00 Td (A) Tj ET Q q 0 0 0 rg BT 165.64 89.00 Td ( ) Tj ET Q q 0 0 0 rg BT 167.35 89.00 Td (common ) Tj ET Q q 0 0 0 rg BT 197.06 89.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 215.65 89.00 Td (into ) Tj ET Q q 0 0 0 rg BT 229.80 89.00 Td (which ) Tj ET Q q 0 0 0 rg BT 251.06 89.00 Td (it ) Tj ET Q q 0 0 0 rg BT 257.22 89.00 Td (is ) Tj ET Q q 0 0 0 rg BT 264.26 89.00 Td (convertible ) Tj ET Q q 0 0 0 rg BT 301.95 89.00 Td (and ) Tj ET Q q 0 0 0 rg BT 315.21 89.00 Td (has ) Tj ET Q q 0 0 0 rg BT 327.58 89.00 Td (such ) Tj ET Q q 0 0 0 rg BT 343.96 89.00 Td (other ) Tj ET Q q 0 0 0 rg BT 362.10 89.00 Td (rights, ) Tj ET Q q 0 0 0 rg BT 384.03 89.00 Td (powers ) Tj ET Q q 0 0 0 rg BT 408.84 89.00 Td (and ) Tj ET Q q 0 0 0 rg BT 422.10 89.00 Td (preferences, ) Tj ET Q q 0 0 0 rg BT 462.67 89.00 Td (including ) Tj ET Q q 0 0 0 rg BT 494.60 89.00 Td (potential ) Tj ET Q q 0 0 0 rg BT 524.30 89.00 Td (adjustments ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 79.40 Td (to ) Tj ET Q q 0 0 0 rg BT 57.64 79.40 Td (the ) Tj ET Q q 0 0 0 rg BT 69.34 79.40 Td (number ) Tj ET Q q 0 0 0 rg BT 95.70 79.40 Td (of ) Tj ET Q q 0 0 0 rg BT 104.28 79.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 126.19 79.40 Td (of ) Tj ET Q q 0 0 0 rg BT 134.78 79.40 Td (Class) Tj ET Q q 0 0 0 rg BT 153.67 79.40 Td (A) Tj ET Q q 0 0 0 rg BT 159.01 79.40 Td ( ) Tj ET Q q 0 0 0 rg BT 160.93 79.40 Td (common ) Tj ET Q q 0 0 0 rg BT 190.85 79.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 209.66 79.40 Td (to ) Tj ET Q q 0 0 0 rg BT 217.80 79.40 Td (be ) Tj ET Q q 0 0 0 rg BT 227.27 79.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 249.19 79.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 267.11 79.40 Td (conversion, ) Tj ET Q q 0 0 0 rg BT 306.13 79.40 Td (as ) Tj ET Q q 0 0 0 rg BT 314.72 79.40 Td (are ) Tj ET Q q 0 0 0 rg BT 326.41 79.40 Td (set ) Tj ET Q q 0 0 0 rg BT 337.21 79.40 Td (forth ) Tj ET Q q 0 0 0 rg BT 354.69 79.40 Td (in ) Tj ET Q q 0 0 0 rg BT 362.83 79.40 Td (the ) Tj ET Q q 0 0 0 rg BT 374.52 79.40 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 410.20 79.40 Td (of ) Tj ET Q q 0 0 0 rg BT 418.79 79.40 Td (Designation ) Tj ET Q q 0 0 0 rg BT 459.37 79.40 Td (for ) Tj ET Q q 0 0 0 rg BT 470.62 79.40 Td (the ) Tj ET Q q 0 0 0 rg BT 482.31 79.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 503.36 79.40 Td (A) Tj ET Q q 0 0 0 rg BT 508.70 79.40 Td ( ) Tj ET Q q 0 0 0 rg BT 510.62 79.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 542.29 79.40 Td (Share.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 63.80 Td (200,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 63.80 Td ( ) Tj ET Q q 0 0 0 rg BT 77.79 63.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 100.07 63.80 Td (of ) Tj ET Q q 0 0 0 rg BT 109.02 63.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 130.86 63.80 Td (B ) Tj ET Q q 0 0 0 rg BT 138.48 63.80 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 170.53 63.80 Td (Shares ) Tj ET Q q 0 0 0 rg BT 194.15 63.80 Td (were ) Tj ET Q q 0 0 0 rg BT 211.98 63.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 234.26 63.80 Td (and ) Tj ET Q q 0 0 0 rg BT 248.10 63.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 287.72 63.80 Td (as ) Tj ET Q q 0 0 0 rg BT 296.68 63.80 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.74 63.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 351.89 63.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.89 63.80 Td ( ) Tj ET Q q 0 0 0 rg BT 370.18 63.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.02 63.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.02 63.80 Td ( ) Tj ET Q q 0 0 0 rg BT 402.31 63.80 Td (\(see ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.47 63.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 435.31 63.80 Td (12, ) Tj ET Q q 0 0 0 rg BT 447.60 63.80 Td ("Convertible ) Tj ET Q q 0 0 0 rg BT 490.92 63.80 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 532.75 63.80 Td (Preferred ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 54.20 Td (Shares") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 74.09 54.20 Td (\). ) Tj ET Q q 0 0 0 rg BT 80.32 54.20 Td (As ) Tj ET Q q 0 0 0 rg BT 91.21 54.20 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.87 54.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 146.74 54.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 162.74 54.20 Td (, ) Tj ET Q q 0 0 0 rg BT 166.74 54.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.51 54.20 Td (200,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.51 54.20 Td ( ) Tj ET Q q 0 0 0 rg BT 206.51 54.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 228.06 54.20 Td (B ) Tj ET Q q 0 0 0 rg BT 235.40 54.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 267.16 54.20 Td (Shares ) Tj ET Q q 0 0 0 rg BT 290.48 54.20 Td (were ) Tj ET Q q 0 0 0 rg BT 308.03 54.20 Td (convertible ) Tj ET Q q 0 0 0 rg BT 346.01 54.20 Td (into ) Tj ET Q q 0 0 0 rg BT 360.46 54.20 Td (approximately ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.66 54.20 Td (1) Tj ET Q q 0 0 0 rg BT 412.37 54.20 Td (1) Tj ET Q q 0 0 0 rg BT 416.07 54.20 Td (1.1 ) Tj ET Q q 0 0 0 rg BT 428.07 54.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.18 54.20 Td ( ) Tj ET Q q 0 0 0 rg BT 453.18 54.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 475.18 54.20 Td (of ) Tj ET Q q 0 0 0 rg BT 483.84 54.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 502.73 54.20 Td (A) Tj ET Q q 0 0 0 rg BT 508.07 54.20 Td ( ) Tj ET Q q 0 0 0 rg BT 510.07 54.20 Td (common ) Tj ET Q q 0 0 0 rg BT 540.07 54.20 Td (stock.) Tj ET Q endstream endobj 125 0 obj <>] /Rotate 0 /Contents 126 0 R>> endobj 126 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) 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(receive ) Tj ET Q q 0 0 0 rg BT 108.53 659.85 Td (dividends ) Tj ET Q q 0 0 0 rg BT 141.55 659.85 Td (and ) Tj ET Q q 0 0 0 rg BT 155.01 659.85 Td (upon ) Tj ET Q q 0 0 0 rg BT 172.91 659.85 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 209.49 659.85 Td (or ) Tj ET Q q 0 0 0 rg BT 218.06 659.85 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 255.08 659.85 Td (are ) Tj ET Q q 0 0 0 rg BT 266.76 659.85 Td (entitled ) Tj ET Q q 0 0 0 rg BT 292.66 659.85 Td (to ) Tj ET Q q 0 0 0 rg BT 300.79 659.85 Td (receive ) Tj ET Q q 0 0 0 rg BT 325.79 659.85 Td (all ) Tj ET Q q 0 0 0 rg BT 335.69 659.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 356.26 659.85 Td (available ) Tj ET Q q 0 0 0 rg BT 387.04 659.85 Td (for ) Tj ET Q q 0 0 0 rg BT 398.28 659.85 Td (distribution ) Tj ET Q q 0 0 0 rg BT 437.08 659.85 Td (to ) Tj ET Q q 0 0 0 rg BT 445.21 659.85 Td (holders ) Tj ET Q q 0 0 0 rg BT 470.67 659.85 Td (of ) Tj ET Q q 0 0 0 rg BT 479.24 659.85 Td (our ) Tj ET Q q 0 0 0 rg BT 491.81 659.85 Td (common ) Tj ET Q q 0 0 0 rg BT 521.72 659.85 Td (stock. ) Tj ET Q q 0 0 0 rg BT 542.51 659.85 Td (Under ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 650.25 Td (our ) Tj ET Q q 0 0 0 rg BT 61.86 650.25 Td (bye-laws, ) Tj ET Q q 0 0 0 rg BT 94.43 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.90 650.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 131.14 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.50 650.25 Td (each ) Tj ET Q q 0 0 0 rg BT 155.84 650.25 Td (class ) Tj ET Q q 0 0 0 rg BT 173.09 650.25 Td (have ) Tj ET Q q 0 0 0 rg BT 189.88 650.25 Td (no ) Tj ET Q q 0 0 0 rg BT 199.58 650.25 Td (preemptive ) Tj ET Q q 0 0 0 rg BT 237.25 650.25 Td (or ) Tj ET Q q 0 0 0 rg BT 245.61 650.25 Td (other ) Tj ET Q q 0 0 0 rg BT 263.74 650.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 304.54 650.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 324.46 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 337.71 650.25 Td (there ) Tj ET Q q 0 0 0 rg BT 355.39 650.25 Td (are ) Tj ET Q q 0 0 0 rg BT 366.85 650.25 Td (no ) Tj ET Q q 0 0 0 rg BT 376.54 650.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 414.67 650.25 Td (or ) Tj ET Q q 0 0 0 rg BT 423.02 650.25 Td (sinking ) Tj ET Q q 0 0 0 rg BT 448.28 650.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 464.63 650.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 499.66 650.25 Td (with ) Tj ET Q q 0 0 0 rg BT 515.58 650.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 539.92 650.25 Td (to ) Tj ET Q q 0 0 0 rg BT 547.84 650.25 Td (such ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 640.65 Td (shares.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 625.05 Td (There ) Tj ET Q q 0 0 0 rg BT 70.10 625.05 Td (were ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.59 625.05 Td (252.9 ) Tj ET Q q 0 0 0 rg BT 107.54 625.05 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 130.66 625.05 Td ( ) Tj ET Q q 0 0 0 rg BT 132.61 625.05 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 146.11 625.05 Td (145.5 ) Tj ET Q q 0 0 0 rg BT 166.05 625.05 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.17 625.05 Td ( ) Tj ET Q q 0 0 0 rg BT 191.12 625.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 213.06 625.05 Td (of ) Tj ET Q q 0 0 0 rg BT 221.67 625.05 Td (Class ) Tj ET Q q 0 0 0 rg BT 240.53 625.05 Td (A) Tj ET Q q 0 0 0 rg BT 245.86 625.05 Td ( ) Tj ET Q q 0 0 0 rg BT 247.81 625.05 Td (common ) Tj ET Q q 0 0 0 rg BT 277.76 625.05 Td (stock ) Tj ET Q q 0 0 0 rg BT 296.59 625.05 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 335.87 625.05 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.60 625.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 390.41 625.05 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.41 625.05 Td ( ) Tj ET Q q 0 0 0 rg BT 408.36 625.05 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.86 625.05 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.86 625.05 Td (, ) Tj ET Q q 0 0 0 rg BT 441.81 625.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 479.94 625.05 Td (, ) Tj ET Q q 0 0 0 rg BT 483.89 625.05 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.39 625.05 Td (no) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.39 625.05 Td ( ) Tj ET Q q 0 0 0 rg BT 507.34 625.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 529.28 625.05 Td (of ) Tj ET Q q 0 0 0 rg BT 537.89 625.05 Td (Class ) Tj ET Q q 0 0 0 rg BT 557.18 625.05 Td (B ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 615.45 Td (common ) Tj ET Q q 0 0 0 rg BT 79.50 615.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 98.38 615.45 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 137.71 615.45 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 145.49 615.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 192.36 615.45 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.36 615.45 Td ( ) Tj ET Q q 0 0 0 rg BT 210.36 615.45 Td (or ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.02 615.45 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.02 615.45 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 599.85 Td (As ) Tj ET Q q 0 0 0 rg BT 60.50 599.85 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.38 599.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 115.35 599.85 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 131.35 599.85 Td (, ) Tj ET Q q 0 0 0 rg BT 135.30 599.85 Td (TW) Tj ET Q q 0 0 0 rg BT 147.60 599.85 Td ( ) Tj ET Q q 0 0 0 rg BT 149.70 599.85 Td (Investor ) Tj ET Q q 0 0 0 rg BT 178.03 599.85 Td (owns ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.02 599.85 Td (64.2%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 217.69 599.85 Td ( ) Tj ET Q q 0 0 0 rg BT 219.79 599.85 Td (of ) Tj ET Q q 0 0 0 rg BT 228.56 599.85 Td (the ) Tj ET Q q 0 0 0 rg BT 240.44 599.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 279.88 599.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 301.98 599.85 Td (of ) Tj ET Q q 0 0 0 rg BT 310.75 599.85 Td (Class ) Tj ET Q q 0 0 0 rg BT 329.73 599.85 Td (A) Tj ET Q q 0 0 0 rg BT 335.06 599.85 Td ( ) Tj ET Q q 0 0 0 rg BT 337.17 599.85 Td (common ) Tj ET Q q 0 0 0 rg BT 367.27 599.85 Td (stock. ) Tj ET Q q 0 0 0 rg BT 388.27 599.85 Td (In ) Tj ET Q q 0 0 0 rg BT 397.04 599.85 Td (connection ) Tj ET Q q 0 0 0 rg BT 434.24 599.85 Td (with ) Tj ET Q q 0 0 0 rg BT 450.57 599.85 Td (the ) Tj ET Q q 0 0 0 rg BT 462.45 599.85 Td (exercise ) Tj ET Q q 0 0 0 rg BT 490.76 599.85 Td (of ) Tj ET Q q 0 0 0 rg BT 499.53 599.85 Td (warrants ) Tj ET Q q 0 0 0 rg BT 529.18 599.85 Td (\(described ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 590.25 Td (below\) ) Tj ET Q q 0 0 0 rg BT 73.58 590.25 Td (by ) Tj ET Q q 0 0 0 rg BT 83.31 590.25 Td (W) Tj ET Q q 0 0 0 rg BT 90.22 590.25 Td (arner ) Tj ET Q q 0 0 0 rg BT 108.51 590.25 Td (Media ) Tj ET Q q 0 0 0 rg BT 130.81 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.09 590.25 Td (TW) Tj ET Q q 0 0 0 rg BT 156.39 590.25 Td ( ) Tj ET Q q 0 0 0 rg BT 158.25 590.25 Td (Investor) Tj ET Q q 0 0 0 rg BT 184.15 590.25 Td (, ) Tj ET Q q 0 0 0 rg BT 188.01 590.25 Td (each ) Tj ET Q q 0 0 0 rg BT 204.53 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.06 590.25 Td (them ) Tj ET Q q 0 0 0 rg BT 230.92 590.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 252.78 590.25 Td (standing ) Tj ET Q q 0 0 0 rg BT 281.75 590.25 Td (proxies ) Tj ET Q q 0 0 0 rg BT 307.17 590.25 Td (to ) Tj ET Q q 0 0 0 rg BT 315.26 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.89 590.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 367.86 590.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 397.71 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.24 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.87 590.25 Td (Company) Tj ET Q q 0 0 0 rg BT 448.46 590.25 Td (, ) Tj ET Q q 0 0 0 rg BT 452.33 590.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 481.74 590.25 Td (to ) Tj ET Q q 0 0 0 rg BT 489.83 590.25 Td (which ) Tj ET Q q 0 0 0 rg BT 511.25 590.25 Td (they ) Tj ET Q q 0 0 0 rg BT 526.88 590.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 552.74 590.25 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 580.65 Td (right ) Tj ET Q q 0 0 0 rg BT 66.71 580.65 Td (to ) Tj ET Q q 0 0 0 rg BT 75.04 580.65 Td (vote ) Tj ET Q q 0 0 0 rg BT 90.91 580.65 Td (the ) Tj ET Q q 0 0 0 rg BT 102.79 580.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 124.88 580.65 Td (received ) Tj ET Q q 0 0 0 rg BT 154.07 580.65 Td (on ) Tj ET Q q 0 0 0 rg BT 164.17 580.65 Td (the ) Tj ET Q q 0 0 0 rg BT 176.05 580.65 Td (exercise ) Tj ET Q q 0 0 0 rg BT 204.35 580.65 Td (of ) Tj ET Q q 0 0 0 rg BT 213.12 580.65 Td (those ) Tj ET Q q 0 0 0 rg BT 232.11 580.65 Td (warrants ) Tj ET Q q 0 0 0 rg BT 261.75 580.65 Td (\(the ) Tj ET Q q 0 0 0 rg BT 276.29 580.65 Td (W) Tj ET Q q 0 0 0 rg BT 286.75 580.65 Td (arrant ) Tj ET Q q 0 0 0 rg BT 307.50 580.65 Td (Shares\) ) Tj ET Q q 0 0 0 rg BT 337.15 580.65 Td (on ) Tj ET Q q 0 0 0 rg BT 347.25 580.65 Td (all ) Tj ET Q q 0 0 0 rg BT 357.35 580.65 Td (matters ) Tj ET Q q 0 0 0 rg BT 383.00 580.65 Td (other ) Tj ET Q q 0 0 0 rg BT 401.54 580.65 Td (than ) Tj ET Q q 0 0 0 rg BT 417.41 580.65 Td (a ) Tj ET Q q 0 0 0 rg BT 423.06 580.65 Td (change ) Tj ET Q q 0 0 0 rg BT 447.82 580.65 Td (in ) Tj ET Q q 0 0 0 rg BT 456.14 580.65 Td (control. ) Tj ET Q q 0 0 0 rg BT 482.90 580.65 Td (In ) Tj ET Q q 0 0 0 rg BT 491.67 580.65 Td (accordance ) Tj ET Q q 0 0 0 rg BT 529.74 580.65 Td (with ) Tj ET Q q 0 0 0 rg BT 546.06 580.65 Td (these ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 571.05 Td (proxies, ) Tj ET Q q 0 0 0 rg BT 76.88 571.05 Td (the ) Tj ET Q q 0 0 0 rg BT 88.36 571.05 Td (W) Tj ET Q q 0 0 0 rg BT 95.27 571.05 Td (arrant ) Tj ET Q q 0 0 0 rg BT 115.75 571.05 Td (Shares ) Tj ET Q q 0 0 0 rg BT 138.91 571.05 Td (will ) Tj ET Q q 0 0 0 rg BT 153.19 571.05 Td (be ) Tj ET Q q 0 0 0 rg BT 162.57 571.05 Td (voted ) Tj ET Q q 0 0 0 rg BT 182.18 571.05 Td (in ) Tj ET Q q 0 0 0 rg BT 190.23 571.05 Td (proportion ) Tj ET Q q 0 0 0 rg BT 225.84 571.05 Td (to ) Tj ET Q q 0 0 0 rg BT 233.89 571.05 Td (votes ) Tj ET Q q 0 0 0 rg BT 252.61 571.05 Td (cast ) Tj ET Q q 0 0 0 rg BT 266.88 571.05 Td (at ) Tj ET Q q 0 0 0 rg BT 274.48 571.05 Td (a ) Tj ET Q q 0 0 0 rg BT 279.87 571.05 Td (general ) Tj ET Q q 0 0 0 rg BT 305.24 571.05 Td (meeting ) Tj ET Q q 0 0 0 rg BT 332.84 571.05 Td (of ) Tj ET Q q 0 0 0 rg BT 341.34 571.05 Td (the ) Tj ET Q q 0 0 0 rg BT 352.94 571.05 Td (Company) Tj ET Q q 0 0 0 rg BT 383.53 571.05 Td (, ) Tj ET Q q 0 0 0 rg BT 387.36 571.05 Td (excluding ) Tj ET Q q 0 0 0 rg BT 420.74 571.05 Td (such ) Tj ET Q q 0 0 0 rg BT 437.11 571.05 Td (W) Tj ET Q q 0 0 0 rg BT 444.02 571.05 Td (arrant ) Tj ET Q q 0 0 0 rg BT 464.50 571.05 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 489.53 571.05 Td (W) Tj ET Q q 0 0 0 rg BT 496.44 571.05 Td (arner ) Tj ET Q q 0 0 0 rg BT 514.70 571.05 Td (Media ) Tj ET Q q 0 0 0 rg BT 536.97 571.05 Td (and ) Tj ET Q q 0 0 0 rg BT 550.22 571.05 Td (TW) Tj ET Q q 0 0 0 rg BT 562.51 571.05 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 561.45 Td (Investor ) Tj ET Q q 0 0 0 rg BT 77.73 561.45 Td (have ) Tj ET Q q 0 0 0 rg BT 94.85 561.45 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 132.40 561.45 Td (to ) Tj ET Q q 0 0 0 rg BT 140.64 561.45 Td (maintain ) Tj ET Q q 0 0 0 rg BT 170.65 561.45 Td (this ) Tj ET Q q 0 0 0 rg BT 184.22 561.45 Td (proxy ) Tj ET Q q 0 0 0 rg BT 204.90 561.45 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 246.89 561.45 Td (in ) Tj ET Q q 0 0 0 rg BT 255.13 561.45 Td (ef) Tj ET Q q 0 0 0 rg BT 261.20 561.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 275.21 561.45 Td (until ) Tj ET Q q 0 0 0 rg BT 291.45 561.45 Td (April ) Tj ET Q q 0 0 0 rg BT 310.35 561.45 Td (2020 ) Tj ET Q q 0 0 0 rg BT 328.36 561.45 Td (and ) Tj ET Q q 0 0 0 rg BT 341.93 561.45 Td (may ) Tj ET Q q 0 0 0 rg BT 357.72 561.45 Td (at ) Tj ET Q q 0 0 0 rg BT 365.51 561.45 Td (their ) Tj ET Q q 0 0 0 rg BT 382.18 561.45 Td (option ) Tj ET Q q 0 0 0 rg BT 404.65 561.45 Td (extend ) Tj ET Q q 0 0 0 rg BT 427.98 561.45 Td (it ) Tj ET Q q 0 0 0 rg BT 434.45 561.45 Td (for ) Tj ET Q q 0 0 0 rg BT 445.79 561.45 Td (an ) Tj ET Q q 0 0 0 rg BT 455.36 561.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 489.36 561.45 Td (year ) Tj ET Q q 0 0 0 rg BT 505.15 561.45 Td (from ) Tj ET Q q 0 0 0 rg BT 522.71 561.45 Td (that ) Tj ET Q q 0 0 0 rg BT 536.72 561.45 Td (date. ) Tj ET Q q 0 0 0 rg BT 553.62 561.45 Td (As ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 551.85 Td (a ) Tj ET Q q 0 0 0 rg BT 55.05 551.85 Td (result ) Tj ET Q q 0 0 0 rg BT 74.82 551.85 Td (of ) Tj ET Q q 0 0 0 rg BT 83.49 551.85 Td (the ) Tj ET Q q 0 0 0 rg BT 95.26 551.85 Td (standing ) Tj ET Q q 0 0 0 rg BT 124.37 551.85 Td (proxies, ) Tj ET Q q 0 0 0 rg BT 151.92 551.85 Td (after ) Tj ET Q q 0 0 0 rg BT 168.57 551.85 Td (giving ) Tj ET Q q 0 0 0 rg BT 191.02 551.85 Td (ef) Tj ET Q q 0 0 0 rg BT 197.09 551.85 Td (fect ) Tj ET Q q 0 0 0 rg BT 211.08 551.85 Td (to ) Tj ET Q q 0 0 0 rg BT 219.30 551.85 Td (its ) Tj ET Q q 0 0 0 rg BT 228.86 551.85 Td (ownership ) Tj ET Q q 0 0 0 rg BT 264.19 551.85 Td (of ) Tj ET Q q 0 0 0 rg BT 272.85 551.85 Td (the ) Tj ET Q q 0 0 0 rg BT 284.63 551.85 Td (Series ) Tj ET Q q 0 0 0 rg BT 305.73 551.85 Td (A) Tj ET Q q 0 0 0 rg BT 311.07 551.85 Td ( ) Tj ET Q q 0 0 0 rg BT 313.07 551.85 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 344.83 551.85 Td (Share, ) Tj ET Q q 0 0 0 rg BT 366.90 551.85 Td (TW) Tj ET Q q 0 0 0 rg BT 379.19 551.85 Td ( ) Tj ET Q q 0 0 0 rg BT 381.19 551.85 Td (Investor ) Tj ET Q q 0 0 0 rg BT 409.41 551.85 Td (has ) Tj ET Q q 0 0 0 rg BT 422.07 551.85 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.62 551.85 Td (44.5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.29 551.85 Td ( ) Tj ET Q q 0 0 0 rg BT 450.29 551.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 472.73 551.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 498.28 551.85 Td (in ) Tj ET Q q 0 0 0 rg BT 506.50 551.85 Td (the ) Tj ET Q q 0 0 0 rg BT 518.27 551.85 Td (Company) Tj ET Q q 0 0 0 rg BT 548.86 551.85 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 533.25 Td (W) Tj ET Q q 0 0 0 rg BT 55.43 533.25 Td (arrants) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 517.65 Td (On ) Tj ET Q q 0 0 0 rg BT 61.60 517.65 Td (May ) Tj ET Q q 0 0 0 rg BT 78.59 517.65 Td (2, ) Tj ET Q q 0 0 0 rg BT 86.91 517.65 Td (2014, ) Tj ET Q q 0 0 0 rg BT 107.24 517.65 Td (we ) Tj ET Q q 0 0 0 rg BT 118.89 517.65 Td (issued ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.21 517.65 Td (1) Tj ET Q q 0 0 0 rg BT 144.92 517.65 Td (14,000,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 180.92 517.65 Td ( ) Tj ET Q q 0 0 0 rg BT 183.24 517.65 Td (warrants ) Tj ET Q q 0 0 0 rg BT 213.11 517.65 Td (in ) Tj ET Q q 0 0 0 rg BT 221.66 517.65 Td (connection ) Tj ET Q q 0 0 0 rg BT 259.08 517.65 Td (with ) Tj ET Q q 0 0 0 rg BT 275.63 517.65 Td (a ) Tj ET Q q 0 0 0 rg BT 281.50 517.65 Td (rights ) Tj ET Q q 0 0 0 rg BT 302.05 517.65 Td (of) Tj ET Q q 0 0 0 rg BT 308.57 517.65 Td (fering.Each ) Tj ET Q q 0 0 0 rg BT 349.98 517.65 Td (warrant ) Tj ET Q q 0 0 0 rg BT 376.73 517.65 Td (was ) Tj ET Q q 0 0 0 rg BT 391.50 517.65 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 429.80 517.65 Td (until ) Tj ET Q q 0 0 0 rg BT 446.79 517.65 Td (May2,2018 ) Tj ET Q q 0 0 0 rg BT 489.78 517.65 Td (and ) Tj ET Q q 0 0 0 rg BT 503.66 517.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 529.97 517.65 Td (the ) Tj ET Q q 0 0 0 rg BT 542.07 517.65 Td (holder ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 508.05 Td (thereof ) Tj ET Q q 0 0 0 rg BT 74.09 508.05 Td (to ) Tj ET Q q 0 0 0 rg BT 82.24 508.05 Td (receive ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 107.27 508.05 Td (one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 118.82 508.05 Td ( ) Tj ET Q q 0 0 0 rg BT 120.75 508.05 Td (share ) Tj ET Q q 0 0 0 rg BT 139.56 508.05 Td (of ) Tj ET Q q 0 0 0 rg BT 148.16 508.05 Td (our ) Tj ET Q q 0 0 0 rg BT 160.76 508.05 Td (Class ) Tj ET Q q 0 0 0 rg BT 179.60 508.05 Td (A) Tj ET Q q 0 0 0 rg BT 184.94 508.05 Td ( ) Tj ET Q q 0 0 0 rg BT 186.87 508.05 Td (common ) Tj ET Q q 0 0 0 rg BT 216.80 508.05 Td (stock ) Tj ET Q q 0 0 0 rg BT 235.62 508.05 Td (at ) Tj ET Q q 0 0 0 rg BT 243.33 508.05 Td (an ) Tj ET Q q 0 0 0 rg BT 252.81 508.05 Td (exercise ) Tj ET Q q 0 0 0 rg BT 280.95 508.05 Td (price ) Tj ET Q q 0 0 0 rg BT 298.87 508.05 Td (of ) Tj ET Q q 0 0 0 rg BT 307.47 508.05 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.63 508.05 Td (1.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.63 508.05 Td ( ) Tj ET Q q 0 0 0 rg BT 339.56 508.05 Td (per ) Tj ET Q q 0 0 0 rg BT 351.71 508.05 Td (share ) Tj ET Q q 0 0 0 rg BT 370.52 508.05 Td (in ) Tj ET Q q 0 0 0 rg BT 378.68 508.05 Td (cash.During ) Tj ET Q q 0 0 0 rg BT 421.49 508.05 Td (2018, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.42 508.05 Td (105,652,401) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.42 508.05 Td ( ) Tj ET Q q 0 0 0 rg BT 483.36 508.05 Td (warrants ) Tj ET Q q 0 0 0 rg BT 512.83 508.05 Td (were ) Tj ET Q q 0 0 0 rg BT 530.31 508.05 Td (exercised, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 498.45 Td (including ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 82.13 498.45 Td (100,926,996) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 122.13 498.45 Td ( ) Tj ET Q q 0 0 0 rg BT 124.54 498.45 Td (by ) Tj ET Q q 0 0 0 rg BT 134.77 498.45 Td (W) Tj ET Q q 0 0 0 rg BT 141.68 498.45 Td (arner ) Tj ET Q q 0 0 0 rg BT 160.52 498.45 Td (Media ) Tj ET Q q 0 0 0 rg BT 183.37 498.45 Td (\(T) Tj ET Q q 0 0 0 rg BT 190.64 498.45 Td (ime ) Tj ET Q q 0 0 0 rg BT 204.87 498.45 Td (W) Tj ET Q q 0 0 0 rg BT 211.78 498.45 Td (arner) Tj ET Q q 0 0 0 rg BT 227.89 498.45 Td (, ) Tj ET Q q 0 0 0 rg BT 232.30 498.45 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 246.92 498.45 Td (at ) Tj ET Q q 0 0 0 rg BT 255.10 498.45 Td (date ) Tj ET Q q 0 0 0 rg BT 270.84 498.45 Td (of ) Tj ET Q q 0 0 0 rg BT 279.91 498.45 Td (exercise\) ) Tj ET Q q 0 0 0 rg BT 311.19 498.45 Td (and ) Tj ET Q q 0 0 0 rg BT 324.97 498.45 Td (TW) Tj ET Q q 0 0 0 rg BT 337.27 498.45 Td ( ) Tj ET Q q 0 0 0 rg BT 339.67 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Tj ET Q q 0 0 0 rg BT 162.53 488.85 Td (warrants, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.07 488.85 Td (202,175) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.07 488.85 Td ( ) Tj ET Q q 0 0 0 rg BT 222.07 488.85 Td (expired ) Tj ET Q q 0 0 0 rg BT 248.06 488.85 Td (unexercised.) 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426.35 m 378 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 413.35 m 378 413.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 426.35 m 470 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 413.35 m 470 413.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 426.35 m 562 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 413.35 m 562 413.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 413.35 m 378 413.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 401.35 m 378 401.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 399.35 m 378 399.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 413.35 m 470 413.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 401.35 m 470 401.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 399.35 m 470 399.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 413.35 m 562 413.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 401.35 m 562 401.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 399.35 m 562 399.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 296.35 m 378 296.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 296.35 m 470 296.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 296.35 m 562 296.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 296.35 m 378 296.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 283.35 m 378 283.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 296.35 m 470 296.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 283.35 m 470 283.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 296.35 m 562 296.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 283.35 m 562 283.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 283.35 m 378 283.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 271.35 m 378 271.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 269.35 m 378 269.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 283.35 m 470 283.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 271.35 m 470 271.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 269.35 m 470 269.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 283.35 m 562 283.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 271.35 m 562 271.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 269.35 m 562 269.35 l s BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 664.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.40 672.58 Td (Curr) Tj ET Q q 0 0 0 rg BT 319.66 672.58 Td (ency translation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.15 664.58 Td (adjustment, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.60 688.58 Td (Unr) Tj ET Q q 0 0 0 rg BT 402.23 688.58 Td (ealized \(loss\) / gain) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.80 680.58 Td (on derivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.15 672.58 Td (instruments designated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.35 664.58 Td (as hedging instruments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.65 680.58 Td (T) Tj ET Q q 0 0 0 rg BT 536.84 680.58 Td (OT) Tj ET Q q 0 0 0 rg BT 547.81 680.58 Td (AL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.85 672.58 Td (Accumulated Other) Tj ET Q q 0 0 0 rg BT 558.47 672.58 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.75 664.58 Td (Compr) Tj ET Q q 0 0 0 rg BT 512.05 664.58 Td (ehensive Loss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 651.58 Td (BALANCE December) Tj ET Q q 0 0 0 rg BT 128.19 651.58 Td ( 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.50 651.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.10 651.58 Td (\(240,989) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.80 651.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 651.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.10 651.58 Td (\(1,420) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.80 651.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.50 651.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 651.58 Td (\(242,409) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 651.58 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 638.60 Td (Other comprehensive income/ \(loss\) before reclassifications:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 625.60 Td (Foreign exchange gain on intercompany loans ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 208.23 629.23 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.80 625.60 Td (8,848) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 625.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 625.60 Td (8,848) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 612.60 Td (Foreign exchange loss on the Series B Preferred Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.10 612.60 Td (\(19,412) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.80 612.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 612.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 612.60 Td (\(19,412) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 612.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 599.60 Td (Currency translation adjustment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.80 599.60 Td (12,016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 599.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 599.60 Td (12,016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 586.60 Td (Change in the fair value of hedging instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 586.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.10 586.60 Td (\(5,447) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.80 586.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 586.60 Td (\(5,447) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 586.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 573.60 Td (Amounts reclassifiedfrom accumulated other comprehensive loss:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 560.60 Td (Changes in fair value reclassified to interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 560.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.80 560.60 Td (2,416) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 560.60 Td (2,416) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 547.60 Td (Net other comprehensiveincome / \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.80 547.60 Td (1,452) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.10 547.60 Td (\(3,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.80 547.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 547.60 Td (\(1,579) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 547.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 534.58 Td (BALANCE December) Tj ET Q q 0 0 0 rg BT 128.19 534.58 Td ( 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.50 534.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.10 534.58 Td (\(239,537) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.80 534.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 534.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.10 534.58 Td (\(4,451) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.80 534.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.50 534.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 534.58 Td (\(243,988) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 534.58 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 521.60 Td (Other comprehensive income/ \(loss\) before reclassifications:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 508.60 Td (Foreign exchange gain on intercompany loans ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 208.23 512.23 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.80 508.60 Td (1) Tj ET Q q 0 0 0 rg BT 356.80 508.60 Td (1,326) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 508.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 508.60 Td (1) Tj ET Q q 0 0 0 rg BT 540.80 508.60 Td (1,326) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 495.60 Td (Foreign exchange gain on the Series B Preferred Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.80 495.60 Td (33,444) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 495.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 495.60 Td (33,444) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 482.60 Td (Currency translation adjustment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.80 482.60 Td (10,51) Tj ET Q q 0 0 0 rg BT 370.80 482.60 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 482.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 482.60 Td (10,51) Tj ET Q q 0 0 0 rg BT 554.80 482.60 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 469.60 Td (Change in the fair value of hedging instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 469.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.10 469.60 Td (\(1,942) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.80 469.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 469.60 Td (\(1,942) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 469.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 456.60 Td (Amounts reclassifiedfrom accumulated other comprehensive loss:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 443.60 Td (Changes in fair value reclassified to interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 443.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.80 443.60 Td (2,764) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 443.60 Td (2,764) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 430.60 Td (Changes in fair value reclassified to other non-operating income, net ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 279.98 434.23 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 430.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.80 430.60 Td (447) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 430.60 Td (447) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 417.60 Td (Net other comprehensiveincome) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.80 417.60 Td (55,281) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.80 417.60 Td (1,269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 417.60 Td (56,550) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 404.58 Td (BALANCE December) Tj ET Q q 0 0 0 rg BT 128.19 404.58 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.50 404.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.10 404.58 Td (\(184,256) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.80 404.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 404.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.10 404.58 Td (\(3,182) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.80 404.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.50 404.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 404.58 Td (\(187,438) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 404.58 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 391.60 Td (Other comprehensive loss before reclassifications:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 378.60 Td (Foreign exchange loss on intercompany loans ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 206.91 382.23 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.10 378.60 Td (\(1,061) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.80 378.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 378.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 378.60 Td (\(1,061) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 378.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 365.60 Td (Foreign exchange loss on the Series B Preferred Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.10 365.60 Td (\(12,527) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.80 365.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 365.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 365.60 Td (\(12,527) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 365.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 352.60 Td (Currency translation adjustment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.10 352.60 Td (\(9,824) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.80 352.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 352.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 352.60 Td (\(9,824) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 352.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 339.60 Td (Change in the fair value of hedging instruments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 339.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.10 339.60 Td (\(9,455) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.80 339.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 339.60 Td (\(9,455) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 339.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 326.60 Td (Amounts reclassifiedfrom accumulated other comprehensive loss:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 313.60 Td (Changes in fair value reclassified to interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 313.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.80 313.60 Td (2,220) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 313.60 Td (2,220) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 300.60 Td (Changes in fair value reclassified to other non-operating income, net ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 279.98 304.23 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 300.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.80 300.60 Td (1,435) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 300.60 Td (1,435) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 287.60 Td (Net other comprehensiveloss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.10 287.60 Td (\(23,412) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.80 287.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.10 287.60 Td (\(5,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.80 287.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 287.60 Td (\(29,212) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 287.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 274.58 Td (BALANCE December) Tj ET Q q 0 0 0 rg BT 128.12 274.58 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.50 274.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.10 274.58 Td (\(207,668) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.80 274.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.50 274.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.10 274.58 Td (\(8,982) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.80 274.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.50 274.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 274.58 Td (\(216,650) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 274.58 Td (\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 261.88 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 258.25 Td (Represents ) Tj ET Q q 0 0 0 rg BT 100.55 258.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 126.10 258.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 158.76 258.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 178.09 258.25 Td (on ) Tj ET Q q 0 0 0 rg BT 188.54 258.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 234.98 258.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 254.32 258.25 Td (that ) Tj ET Q q 0 0 0 rg BT 268.76 258.25 Td (are ) Tj ET Q q 0 0 0 rg BT 280.98 258.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.09 258.25 Td (a ) Tj ET Q q 0 0 0 rg BT 296.09 258.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 330.09 258.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 367.65 258.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 390.08 258.25 Td (which ) Tj ET Q q 0 0 0 rg BT 412.08 258.25 Td (are ) Tj ET Q q 0 0 0 rg BT 424.30 258.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 453.40 258.25 Td (in ) Tj ET Q q 0 0 0 rg BT 462.08 258.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.30 258.25 Td (same ) Tj ET Q q 0 0 0 rg BT 493.19 258.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 519.63 258.25 Td (as ) Tj ET Q q 0 0 0 rg BT 528.74 258.25 Td (translation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 248.65 Td (adjustments.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 239.67 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 236.05 Td (Represents ) Tj ET Q q 0 0 0 rg BT 101.36 236.05 Td (amounts ) Tj ET Q q 0 0 0 rg BT 131.74 236.05 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 171.42 236.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 190.69 236.05 Td (the ) Tj ET Q q 0 0 0 rg BT 203.72 236.05 Td (dedesignation ) Tj ET Q q 0 0 0 rg BT 251.42 236.05 Td (of ) Tj ET Q q 0 0 0 rg BT 261.34 236.05 Td (a ) Tj ET Q q 0 0 0 rg BT 268.16 236.05 Td (portion ) Tj ET Q q 0 0 0 rg BT 294.53 236.05 Td (of ) Tj ET Q q 0 0 0 rg BT 304.45 236.05 Td (our ) Tj ET Q q 0 0 0 rg BT 318.38 236.05 Td (hedging ) Tj ET Q q 0 0 0 rg BT 347.42 236.05 Td (instruments ) Tj ET Q q 0 0 0 rg BT 388.01 236.05 Td (\(see ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.15 236.05 Td (Note ) Tj ET Q q 0 0 0 rg BT 422.96 236.05 Td (14, ) Tj ET Q q 0 0 0 rg BT 436.23 236.05 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 472.52 236.05 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 513.56 236.05 Td (and ) Tj ET Q q 0 0 0 rg BT 528.37 236.05 Td (Fair ) Tj ET Q q 0 0 0 rg BT 544.29 236.05 Td (V) Tj ET Q q 0 0 0 rg BT 549.18 236.05 Td (alue ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.00 226.45 Td (Measurements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 112.92 226.45 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 204.85 Td (14. ) Tj ET Q q 0 0 0 rg BT 67.50 204.85 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 112.39 204.85 Td ( ) Tj ET Q q 0 0 0 rg BT 114.39 204.85 Td (INSTRUMENTS ) Tj ET Q q 0 0 0 rg BT 174.63 204.85 Td (AND ) Tj ET Q q 0 0 0 rg BT 193.96 204.85 Td (F) Tj ET Q q 0 0 0 rg BT 198.26 204.85 Td (AIR ) Tj ET Q q 0 0 0 rg BT 214.78 204.85 Td (V) Tj ET Q q 0 0 0 rg BT 219.53 204.85 Td (ALUE ) Tj ET Q q 0 0 0 rg BT 243.75 204.85 Td (MEASUREMENTS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 189.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 67.08 189.25 Td (820, ) Tj ET Q q 0 0 0 rg BT 83.09 189.25 Td ("Fair ) Tj ET Q q 0 0 0 rg BT 101.11 189.25 Td (V) Tj ET Q q 0 0 0 rg BT 106.00 189.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 121.34 189.25 Td (Measurements ) Tj ET Q q 0 0 0 rg BT 170.00 189.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.57 189.25 Td (Disclosure", ) Tj ET Q q 0 0 0 rg BT 225.06 189.25 Td (establishes ) Tj ET Q q 0 0 0 rg BT 261.74 189.25 Td (a ) Tj ET Q q 0 0 0 rg BT 267.30 189.25 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 299.52 189.25 Td (that ) Tj ET Q q 0 0 0 rg BT 313.53 189.25 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 347.98 189.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.76 189.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 381.33 189.25 Td (to ) Tj ET Q q 0 0 0 rg BT 389.57 189.25 Td (those ) Tj ET Q q 0 0 0 rg BT 408.47 189.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 440.25 189.25 Td (techniques ) Tj ET Q q 0 0 0 rg BT 476.48 189.25 Td (used ) Tj ET Q q 0 0 0 rg BT 493.16 189.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.39 189.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 530.06 189.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 543.17 189.25 Td (value. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 179.65 Td (The ) Tj ET Q q 0 0 0 rg BT 64.40 179.65 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 97.07 179.65 Td (gives ) Tj ET Q q 0 0 0 rg BT 116.42 179.65 Td (the ) Tj ET Q q 0 0 0 rg BT 128.66 179.65 Td (highest ) Tj ET Q q 0 0 0 rg BT 154.24 179.65 Td (priority ) Tj ET Q q 0 0 0 rg BT 180.70 179.65 Td (to ) Tj ET Q q 0 0 0 rg BT 189.39 179.65 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 226.52 179.65 Td (quoted ) Tj ET Q q 0 0 0 rg BT 250.75 179.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 272.32 179.65 Td (in ) Tj ET Q q 0 0 0 rg BT 281.01 179.65 Td (active ) Tj ET Q q 0 0 0 rg BT 302.57 179.65 Td (markets ) Tj ET Q q 0 0 0 rg BT 330.36 179.65 Td (for ) Tj ET Q q 0 0 0 rg BT 342.16 179.65 Td (identical ) Tj ET Q q 0 0 0 rg BT 372.17 179.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 393.30 179.65 Td (or ) Tj ET Q q 0 0 0 rg BT 402.43 179.65 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 434.67 179.65 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 458.01 179.65 Td (1 ) Tj ET Q q 0 0 0 rg BT 464.47 179.65 Td (measurements\) ) Tj ET Q q 0 0 0 rg BT 515.36 179.65 Td (and ) Tj ET Q q 0 0 0 rg BT 529.38 179.65 Td (the ) Tj ET Q q 0 0 0 rg BT 541.62 179.65 Td (lowest ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 170.05 Td (priority ) Tj ET Q q 0 0 0 rg BT 75.50 170.05 Td (to ) Tj ET Q q 0 0 0 rg BT 83.72 170.05 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 128.37 170.05 Td (inputs ) Tj ET Q q 0 0 0 rg BT 149.93 170.05 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 172.80 170.05 Td (3 ) Tj ET Q q 0 0 0 rg BT 178.80 170.05 Td (measurements\). ) Tj ET Q q 0 0 0 rg BT 231.09 170.05 Td (The ) Tj ET Q q 0 0 0 rg BT 245.52 170.05 Td (three ) Tj ET Q q 0 0 0 rg BT 263.51 170.05 Td (levels ) Tj ET Q q 0 0 0 rg BT 284.17 170.05 Td (of ) Tj ET Q q 0 0 0 rg BT 292.84 170.05 Td (the ) Tj ET Q q 0 0 0 rg BT 304.61 170.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 317.71 170.05 Td (value ) Tj ET Q q 0 0 0 rg BT 337.04 170.05 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 369.24 170.05 Td (are:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 154.45 Td (Basis ) Tj ET Q q 0 0 0 rg BT 68.84 154.45 Td (of ) Tj ET Q q 0 0 0 rg BT 77.50 154.45 Td (Fair ) Tj ET Q q 0 0 0 rg BT 92.24 154.45 Td (V) Tj ET Q q 0 0 0 rg BT 97.13 154.45 Td (alue ) Tj ET Q q 0 0 0 rg BT 112.46 154.45 Td (Measurement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 141.85 Td (Level ) Tj ET Q q 0 0 0 rg BT 69.71 141.85 Td (1 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 141.85 Td (Unadjusted ) Tj ET Q q 0 0 0 rg BT 141.94 141.85 Td (quoted ) Tj ET Q q 0 0 0 rg BT 165.71 141.85 Td (prices ) Tj ET Q q 0 0 0 rg BT 186.81 141.85 Td (in ) Tj ET Q q 0 0 0 rg BT 195.04 141.85 Td (active ) Tj ET Q q 0 0 0 rg BT 216.13 141.85 Td (markets ) Tj ET Q q 0 0 0 rg BT 243.46 141.85 Td (that ) Tj ET Q q 0 0 0 rg BT 257.45 141.85 Td (are ) Tj ET Q q 0 0 0 rg BT 269.22 141.85 Td (accessible ) Tj ET Q q 0 0 0 rg BT 303.64 141.85 Td (at ) Tj ET Q q 0 0 0 rg BT 311.42 141.85 Td (the ) Tj ET Q q 0 0 0 rg BT 323.19 141.85 Td (measurement ) Tj ET Q q 0 0 0 rg BT 367.84 141.85 Td (date ) Tj ET Q q 0 0 0 rg BT 383.16 141.85 Td (for ) Tj ET Q q 0 0 0 rg BT 394.49 141.85 Td (identical, ) Tj ET Q q 0 0 0 rg BT 426.04 141.85 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 465.80 141.85 Td (instruments.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 129.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 69.71 129.25 Td (2 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 129.25 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 128.60 129.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 149.25 129.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.02 129.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 183.89 129.25 Td (that ) Tj ET Q q 0 0 0 rg BT 197.43 129.25 Td (are ) Tj ET Q q 0 0 0 rg BT 208.75 129.25 Td (not ) Tj ET Q q 0 0 0 rg BT 220.52 129.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 256.72 129.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.49 129.25 Td (be ) Tj ET Q q 0 0 0 rg BT 273.59 129.25 Td (active ) Tj ET Q q 0 0 0 rg BT 294.23 129.25 Td (or ) Tj ET Q q 0 0 0 rg BT 302.45 129.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 331.98 129.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 370.86 129.25 Td (for ) Tj ET Q q 0 0 0 rg BT 381.73 129.25 Td (which ) Tj ET Q q 0 0 0 rg BT 402.83 129.25 Td (all ) Tj ET Q q 0 0 0 rg BT 412.38 129.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 447.69 129.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 468.80 129.25 Td (are ) Tj ET Q q 0 0 0 rg BT 480.11 129.25 Td (observable, ) Tj ET Q q 0 0 0 rg BT 518.31 129.25 Td (either ) Tj ET Q q 0 0 0 rg BT 538.07 129.25 Td (directly ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 119.65 Td (or ) Tj ET Q q 0 0 0 rg BT 112.16 119.65 Td (indirectly) Tj ET Q q 0 0 0 rg BT 142.30 119.65 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 107.05 Td (Level ) Tj ET Q q 0 0 0 rg BT 69.71 107.05 Td (3 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 107.05 Td (Prices ) Tj ET Q q 0 0 0 rg BT 125.05 107.05 Td (or ) Tj ET Q q 0 0 0 rg BT 133.71 107.05 Td (valuations ) Tj ET Q q 0 0 0 rg BT 168.60 107.05 Td (that ) Tj ET Q q 0 0 0 rg BT 182.59 107.05 Td (require ) Tj ET Q q 0 0 0 rg BT 207.25 107.05 Td (inputs ) Tj ET Q q 0 0 0 rg BT 228.80 107.05 Td (that ) Tj ET Q q 0 0 0 rg BT 242.80 107.05 Td (are ) Tj ET Q q 0 0 0 rg BT 254.57 107.05 Td (both ) Tj ET Q q 0 0 0 rg BT 270.79 107.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 306.56 107.05 Td (to ) Tj ET Q q 0 0 0 rg BT 314.78 107.05 Td (the ) Tj ET Q q 0 0 0 rg BT 326.55 107.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 339.66 107.05 Td (value ) Tj ET Q q 0 0 0 rg BT 358.98 107.05 Td (measurement ) Tj ET Q q 0 0 0 rg BT 403.63 107.05 Td (and ) Tj ET Q q 0 0 0 rg BT 417.18 107.05 Td (unobservable.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 91.45 Td (A) Tj ET Q q 0 0 0 rg BT 54.84 91.45 Td ( ) Tj ET Q q 0 0 0 rg BT 56.84 91.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.82 91.45 Td (instrument) Tj ET Q q 0 0 0 rg BT 123.26 91.45 Td (s ) Tj ET Q q 0 0 0 rg BT 128.38 91.45 Td (level ) Tj ET Q q 0 0 0 rg BT 145.92 91.45 Td (within ) Tj ET Q q 0 0 0 rg BT 168.37 91.45 Td (the ) Tj ET Q q 0 0 0 rg BT 180.14 91.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 193.24 91.45 Td (value ) Tj ET Q q 0 0 0 rg BT 212.57 91.45 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 244.77 91.45 Td (is ) Tj ET Q q 0 0 0 rg BT 252.11 91.45 Td (based ) Tj ET Q q 0 0 0 rg BT 272.32 91.45 Td (on ) Tj ET Q q 0 0 0 rg BT 282.32 91.45 Td (the ) Tj ET Q q 0 0 0 rg BT 294.09 91.45 Td (lowest ) Tj ET Q q 0 0 0 rg BT 316.98 91.45 Td (level ) Tj ET Q q 0 0 0 rg BT 334.53 91.45 Td (of ) Tj ET Q q 0 0 0 rg BT 343.19 91.45 Td (any ) Tj ET Q q 0 0 0 rg BT 356.74 91.45 Td (input ) Tj ET Q q 0 0 0 rg BT 375.19 91.45 Td (that ) Tj ET Q q 0 0 0 rg BT 389.18 91.45 Td (is ) Tj ET Q q 0 0 0 rg BT 396.52 91.45 Td (significant ) Tj ET Q q 0 0 0 rg BT 432.29 91.45 Td (to ) Tj ET Q q 0 0 0 rg BT 440.51 91.45 Td (the ) Tj ET Q q 0 0 0 rg BT 452.29 91.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 465.39 91.45 Td (value ) Tj ET Q q 0 0 0 rg BT 484.71 91.45 Td (measurement.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 75.85 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 75.85 Td (e ) Tj ET Q q 0 0 0 rg BT 62.50 75.85 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 91.68 75.85 Td (the ) Tj ET Q q 0 0 0 rg BT 103.99 75.85 Td (position ) Tj ET Q q 0 0 0 rg BT 132.30 75.85 Td (of ) Tj ET Q q 0 0 0 rg BT 141.50 75.85 Td (each ) Tj ET Q q 0 0 0 rg BT 158.69 75.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 189.20 75.85 Td (instrument ) Tj ET Q q 0 0 0 rg BT 225.96 75.85 Td (measured ) Tj ET Q q 0 0 0 rg BT 259.14 75.85 Td (at ) Tj ET Q q 0 0 0 rg BT 267.45 75.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 281.09 75.85 Td (value ) Tj ET Q q 0 0 0 rg BT 300.95 75.85 Td (in ) Tj ET Q q 0 0 0 rg BT 309.70 75.85 Td (the ) Tj ET Q q 0 0 0 rg BT 322.01 75.85 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 354.75 75.85 Td (individually ) Tj ET Q q 0 0 0 rg BT 395.95 75.85 Td (based ) Tj ET Q q 0 0 0 rg BT 416.69 75.85 Td (on ) Tj ET Q q 0 0 0 rg BT 427.23 75.85 Td (the ) Tj ET Q q 0 0 0 rg BT 439.54 75.85 Td (valuation ) Tj ET Q q 0 0 0 rg BT 471.84 75.85 Td (methodology ) Tj ET Q q 0 0 0 rg BT 516.59 75.85 Td (we ) Tj ET Q q 0 0 0 rg BT 528.46 75.85 Td (apply) Tj ET Q q 0 0 0 rg BT 545.71 75.85 Td (. ) Tj ET Q q 0 0 0 rg BT 550.06 75.85 Td (The ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 66.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 77.86 66.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 103.57 66.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.95 66.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 141.64 66.25 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 182.69 66.25 Td (including ) Tj ET Q q 0 0 0 rg BT 214.62 66.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 230.55 66.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.81 66.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 259.74 66.25 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 299.88 66.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 329.58 66.25 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 366.16 66.25 Td (net, ) Tj ET Q q 0 0 0 rg BT 379.64 66.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.90 66.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 422.60 66.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 449.19 66.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.45 66.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 489.03 66.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 522.52 66.25 Td (approximate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 56.65 Td (their ) Tj ET Q q 0 0 0 rg BT 66.69 56.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 80.32 56.65 Td (value ) Tj ET Q q 0 0 0 rg BT 100.18 56.65 Td (due ) Tj ET Q q 0 0 0 rg BT 114.26 56.65 Td (to ) Tj ET Q q 0 0 0 rg BT 123.02 56.65 Td (the ) Tj ET Q q 0 0 0 rg BT 135.32 56.65 Td (short-term ) Tj ET Q q 0 0 0 rg BT 171.18 56.65 Td (nature ) Tj ET Q q 0 0 0 rg BT 193.70 56.65 Td (of ) Tj ET Q q 0 0 0 rg BT 202.89 56.65 Td (these ) Tj ET Q q 0 0 0 rg BT 221.86 56.65 Td (items.) Tj ET Q q 0 0 0 rg BT 243.05 56.65 Td (The ) Tj ET Q q 0 0 0 rg BT 258.02 56.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 271.65 56.65 Td (value ) Tj ET Q q 0 0 0 rg BT 291.50 56.65 Td (of ) Tj ET Q q 0 0 0 rg BT 300.70 56.65 Td (our ) Tj ET Q q 0 0 0 rg BT 313.89 56.65 Td (long-term ) Tj ET Q q 0 0 0 rg BT 347.97 56.65 Td (debt ) Tj ET Q q 0 0 0 rg BT 364.28 56.65 Td (is ) Tj ET Q q 0 0 0 rg BT 372.14 56.65 Td (included ) Tj ET Q q 0 0 0 rg BT 402.22 56.65 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.98 56.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 429.06 56.65 Td (5, ) Tj ET Q q 0 0 0 rg BT 437.59 56.65 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 477.60 56.65 Td (Debt ) Tj ET Q q 0 0 0 rg BT 495.68 56.65 Td (and ) Tj ET Q q 0 0 0 rg BT 509.76 56.65 Td (Other ) Tj ET Q q 0 0 0 rg BT 530.51 56.65 Td (Financing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 47.05 Td (Arrangements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 98.08 47.05 Td (.) Tj ET Q endstream endobj 129 0 obj <>] /Rotate 0 /Contents 130 0 R>> endobj 130 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (61) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (Hedging ) Tj ET Q q 0 0 0 rg BT 79.95 723.60 Td (Activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 705.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 67.95 705.00 Td (Flow ) Tj ET Q q 0 0 0 rg BT 86.39 705.00 Td (Hedges ) Tj ET Q q 0 0 0 rg BT 112.39 705.00 Td (of ) Tj ET Q q 0 0 0 rg BT 120.61 705.00 Td (Inter) Tj ET Q q 0 0 0 rg BT 135.86 705.00 Td (est ) Tj ET Q q 0 0 0 rg BT 146.75 705.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 163.41 705.00 Td (Risk) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 686.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 686.40 Td (e ) Tj ET Q q 0 0 0 rg BT 61.97 686.40 Td (are ) Tj ET Q q 0 0 0 rg BT 73.74 686.40 Td (party ) Tj ET Q q 0 0 0 rg BT 92.18 686.40 Td (to ) Tj ET Q q 0 0 0 rg BT 100.41 686.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 125.97 686.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 139.96 686.40 Td (swap ) Tj ET Q q 0 0 0 rg BT 158.41 686.40 Td (agreements ) Tj ET Q q 0 0 0 rg BT 196.84 686.40 Td (to ) Tj ET Q q 0 0 0 rg BT 205.07 686.40 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 233.29 686.40 Td (our ) Tj ET Q q 0 0 0 rg BT 245.97 686.40 Td (exposure ) Tj ET Q q 0 0 0 rg BT 276.85 686.40 Td (to ) Tj ET Q q 0 0 0 rg BT 285.08 686.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 310.63 686.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 324.63 686.40 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 364.41 686.40 Td (on ) Tj ET Q q 0 0 0 rg BT 374.41 686.40 Td (the ) Tj ET Q q 0 0 0 rg BT 386.19 686.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 425.53 686.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 455.97 686.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 481.98 686.40 Td (of ) Tj ET Q q 0 0 0 rg BT 490.65 686.40 Td (the ) Tj ET Q q 0 0 0 rg BT 502.43 686.40 Td (Euro ) Tj ET Q q 0 0 0 rg BT 519.98 686.40 Td (Loans. ) Tj ET Q q 0 0 0 rg BT 543.40 686.40 Td (These ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 676.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 75.64 676.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 90.23 676.80 Td (swaps ) Tj ET Q q 0 0 0 rg BT 112.38 676.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 139.41 676.80 Td (us ) Tj ET Q q 0 0 0 rg BT 149.12 676.80 Td (with ) Tj ET Q q 0 0 0 rg BT 165.94 676.80 Td (variable-rate ) Tj ET Q q 0 0 0 rg BT 208.95 676.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 225.77 676.80 Td (receipts ) Tj ET Q q 0 0 0 rg BT 253.24 676.80 Td (in ) Tj ET Q q 0 0 0 rg BT 262.06 676.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 294.86 676.80 Td (for ) Tj ET Q q 0 0 0 rg BT 306.78 676.80 Td (fixed-rate ) Tj ET Q q 0 0 0 rg BT 340.47 676.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 373.72 676.80 Td (over ) Tj ET Q q 0 0 0 rg BT 390.54 676.80 Td (the ) Tj ET Q q 0 0 0 rg BT 402.91 676.80 Td (lives ) Tj ET Q q 0 0 0 rg BT 420.61 676.80 Td (of ) Tj ET Q q 0 0 0 rg BT 429.87 676.80 Td (the ) Tj ET Q q 0 0 0 rg BT 442.24 676.80 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 483.27 676.80 Td (with ) Tj ET Q q 0 0 0 rg BT 500.08 676.80 Td (no ) Tj ET Q q 0 0 0 rg BT 510.68 676.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 543.48 676.80 Td (of ) Tj ET Q q 0 0 0 rg BT 552.74 676.80 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 667.20 Td (underlying ) Tj ET Q q 0 0 0 rg BT 86.05 667.20 Td (notional ) Tj ET Q q 0 0 0 rg BT 114.16 667.20 Td (amount. ) Tj ET Q q 0 0 0 rg BT 141.90 667.20 Td (These ) Tj ET Q q 0 0 0 rg BT 162.89 667.20 Td (instruments ) Tj ET Q q 0 0 0 rg BT 202.12 667.20 Td (are ) Tj ET Q q 0 0 0 rg BT 213.77 667.20 Td (carried ) Tj ET Q q 0 0 0 rg BT 237.86 667.20 Td (at ) Tj ET Q q 0 0 0 rg BT 245.52 667.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 258.51 667.20 Td (value ) Tj ET Q q 0 0 0 rg BT 277.73 667.20 Td (on ) Tj ET Q q 0 0 0 rg BT 287.62 667.20 Td (our ) Tj ET Q q 0 0 0 rg BT 300.17 667.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 342.49 667.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 368.80 667.20 Td (sheets ) Tj ET Q q 0 0 0 rg BT 390.24 667.20 Td (as ) Tj ET Q q 0 0 0 rg BT 398.80 667.20 Td (other ) Tj ET Q q 0 0 0 rg BT 417.12 667.20 Td (current ) Tj ET Q q 0 0 0 rg BT 441.66 667.20 Td (and ) Tj ET Q q 0 0 0 rg BT 455.10 667.20 Td (other ) Tj ET Q q 0 0 0 rg BT 473.43 667.20 Td (non-current ) Tj ET Q q 0 0 0 rg BT 512.63 667.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 544.30 667.20 Td (based ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 657.60 Td (on ) Tj ET Q q 0 0 0 rg BT 59.50 657.60 Td (their ) Tj ET Q q 0 0 0 rg BT 76.16 657.60 Td (maturity) Tj ET Q q 0 0 0 rg BT 102.75 657.60 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 642.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 642.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.20 642.00 Td (value ) Tj ET Q q 0 0 0 rg BT 81.77 642.00 Td (the ) Tj ET Q q 0 0 0 rg BT 93.78 642.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 119.57 642.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 133.80 642.00 Td (swap ) Tj ET Q q 0 0 0 rg BT 152.48 642.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 191.15 642.00 Td (using ) Tj ET Q q 0 0 0 rg BT 210.73 642.00 Td (a ) Tj ET Q q 0 0 0 rg BT 216.52 642.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 248.53 642.00 Td (model ) Tj ET Q q 0 0 0 rg BT 270.77 642.00 Td (which ) Tj ET Q q 0 0 0 rg BT 292.56 642.00 Td (calculates ) Tj ET Q q 0 0 0 rg BT 326.33 642.00 Td (the ) Tj ET Q q 0 0 0 rg BT 338.35 642.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 351.69 642.00 Td (value ) Tj ET Q q 0 0 0 rg BT 371.26 642.00 Td (on ) Tj ET Q q 0 0 0 rg BT 381.50 642.00 Td (the ) Tj ET Q q 0 0 0 rg BT 393.51 642.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 411.75 642.00 Td (of ) Tj ET Q q 0 0 0 rg BT 420.66 642.00 Td (the ) Tj ET Q q 0 0 0 rg BT 432.67 642.00 Td (net ) Tj ET Q q 0 0 0 rg BT 444.69 642.00 Td (present ) Tj ET Q q 0 0 0 rg BT 470.03 642.00 Td (value ) Tj ET Q q 0 0 0 rg BT 489.60 642.00 Td (of ) Tj ET Q q 0 0 0 rg BT 498.50 642.00 Td (the ) Tj ET Q q 0 0 0 rg BT 510.52 642.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 543.42 642.00 Td (future ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 632.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 65.77 632.40 Td (flows. ) Tj ET Q q 0 0 0 rg BT 87.46 632.40 Td (The ) Tj ET Q q 0 0 0 rg BT 101.96 632.40 Td (most ) Tj ET Q q 0 0 0 rg BT 119.58 632.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 155.41 632.40 Td (input ) Tj ET Q q 0 0 0 rg BT 173.91 632.40 Td (used ) Tj ET Q q 0 0 0 rg BT 190.64 632.40 Td (in ) Tj ET Q q 0 0 0 rg BT 198.92 632.40 Td (the ) Tj ET Q q 0 0 0 rg BT 210.75 632.40 Td (valuation ) Tj ET Q q 0 0 0 rg BT 242.58 632.40 Td (model ) Tj ET Q q 0 0 0 rg BT 264.64 632.40 Td (is ) Tj ET Q q 0 0 0 rg BT 272.03 632.40 Td (the ) Tj ET Q q 0 0 0 rg BT 283.86 632.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 314.35 632.40 Td (EURIBOR-based ) Tj ET Q q 0 0 0 rg BT 372.40 632.40 Td (yield ) Tj ET Q q 0 0 0 rg BT 390.46 632.40 Td (curve. ) Tj ET Q q 0 0 0 rg BT 412.13 632.40 Td (These ) Tj ET Q q 0 0 0 rg BT 433.29 632.40 Td (instruments ) Tj ET Q q 0 0 0 rg BT 472.69 632.40 Td (were ) Tj ET Q q 0 0 0 rg BT 490.29 632.40 Td (allocated ) Tj ET Q q 0 0 0 rg BT 521.22 632.40 Td (to ) Tj ET Q q 0 0 0 rg BT 529.50 632.40 Td (Level ) Tj ET Q q 0 0 0 rg BT 549.77 632.40 Td (2 ) Tj ET Q q 0 0 0 rg BT 555.83 632.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 622.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.73 622.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 75.29 622.80 Td (value ) Tj ET Q q 0 0 0 rg BT 95.07 622.80 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 127.73 622.80 Td (because ) Tj ET Q q 0 0 0 rg BT 155.50 622.80 Td (the ) Tj ET Q q 0 0 0 rg BT 167.73 622.80 Td (critical ) Tj ET Q q 0 0 0 rg BT 192.40 622.80 Td (inputs ) Tj ET Q q 0 0 0 rg BT 214.41 622.80 Td (to ) Tj ET Q q 0 0 0 rg BT 223.09 622.80 Td (this ) Tj ET Q q 0 0 0 rg BT 237.11 622.80 Td (model, ) Tj ET Q q 0 0 0 rg BT 261.56 622.80 Td (including ) Tj ET Q q 0 0 0 rg BT 294.24 622.80 Td (current ) Tj ET Q q 0 0 0 rg BT 319.35 622.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 345.35 622.80 Td (rates, ) Tj ET Q q 0 0 0 rg BT 364.91 622.80 Td (relevant ) Tj ET Q q 0 0 0 rg BT 393.13 622.80 Td (yield ) Tj ET Q q 0 0 0 rg BT 411.58 622.80 Td (curves ) Tj ET Q q 0 0 0 rg BT 434.92 622.80 Td (and ) Tj ET Q q 0 0 0 rg BT 448.93 622.80 Td (the ) Tj ET Q q 0 0 0 rg BT 461.16 622.80 Td (known ) Tj ET Q q 0 0 0 rg BT 485.39 622.80 Td (contractual ) Tj ET Q q 0 0 0 rg BT 523.38 622.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 543.61 622.80 Td (of ) Tj ET Q q 0 0 0 rg BT 552.73 622.80 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 613.20 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 90.83 613.20 Td (were ) Tj ET Q q 0 0 0 rg BT 108.38 613.20 Td (readily ) Tj ET Q q 0 0 0 rg BT 132.59 613.20 Td (observable.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (The ) Tj ET Q q 0 0 0 rg BT 63.48 594.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 90.78 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 98.54 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 109.86 594.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 122.50 594.60 Td (value ) Tj ET Q q 0 0 0 rg BT 141.36 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.56 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 160.88 594.60 Td (designated ) Tj ET Q q 0 0 0 rg BT 196.63 594.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 235.50 594.60 Td (are ) Tj ET Q q 0 0 0 rg BT 246.80 594.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 276.32 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 284.08 594.60 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 326.04 594.60 Td (other ) Tj ET Q q 0 0 0 rg BT 344.02 594.60 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 393.98 594.60 Td (income ) Tj ET Q q 0 0 0 rg BT 419.07 594.60 Td (/ ) Tj ET Q q 0 0 0 rg BT 422.83 594.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 436.82 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 449.91 594.60 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 493.22 594.60 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 531.19 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 538.95 594.60 Td (interest ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 585.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 77.09 585.00 Td (when ) Tj ET Q q 0 0 0 rg BT 96.24 585.00 Td (the ) Tj ET Q q 0 0 0 rg BT 107.84 585.00 Td (hedged ) Tj ET Q q 0 0 0 rg BT 132.77 585.00 Td (item ) Tj ET Q q 0 0 0 rg BT 148.81 585.00 Td (af) Tj ET Q q 0 0 0 rg BT 154.88 585.00 Td (fects ) Tj ET Q q 0 0 0 rg BT 171.80 585.00 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 202.73 585.00 Td (For ) Tj ET Q q 0 0 0 rg BT 215.67 585.00 Td (the ) Tj ET Q q 0 0 0 rg BT 227.27 585.00 Td (portions ) Tj ET Q q 0 0 0 rg BT 255.31 585.00 Td (that ) Tj ET Q q 0 0 0 rg BT 269.13 585.00 Td (are ) Tj ET Q q 0 0 0 rg BT 280.72 585.00 Td (not ) Tj ET Q q 0 0 0 rg BT 292.77 585.00 Td (designated ) Tj ET Q q 0 0 0 rg BT 328.80 585.00 Td (as ) Tj ET Q q 0 0 0 rg BT 337.29 585.00 Td (hedging ) Tj ET Q q 0 0 0 rg BT 364.89 585.00 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 406.05 585.00 Td (all ) Tj ET Q q 0 0 0 rg BT 415.87 585.00 Td (related ) Tj ET Q q 0 0 0 rg BT 439.45 585.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 452.38 585.00 Td (value ) Tj ET Q q 0 0 0 rg BT 471.53 585.00 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 513.57 585.00 Td (including ) Tj ET Q q 0 0 0 rg BT 545.61 585.00 Td (those ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 575.40 Td (previously ) Tj ET Q q 0 0 0 rg BT 84.49 575.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 120.80 575.40 Td (in ) Tj ET Q q 0 0 0 rg BT 128.25 575.40 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 169.89 575.40 Td (other ) Tj ET Q q 0 0 0 rg BT 187.55 575.40 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 237.20 575.40 Td (income ) Tj ET Q q 0 0 0 rg BT 261.96 575.40 Td (/ ) Tj ET Q q 0 0 0 rg BT 265.41 575.40 Td (loss, ) Tj ET Q q 0 0 0 rg BT 281.08 575.40 Td (are ) Tj ET Q q 0 0 0 rg BT 292.06 575.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 328.37 575.40 Td (in ) Tj ET Q q 0 0 0 rg BT 335.82 575.40 Td (other ) Tj ET Q q 0 0 0 rg BT 353.47 575.40 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 399.57 575.40 Td (income ) Tj ET Q q 0 0 0 rg BT 424.34 575.40 Td (/ ) Tj ET Q q 0 0 0 rg BT 427.78 575.40 Td (expense, ) Tj ET Q q 0 0 0 rg BT 456.77 575.40 Td (net ) Tj ET Q q 0 0 0 rg BT 467.76 575.40 Td (in ) Tj ET Q q 0 0 0 rg BT 475.21 575.40 Td (our ) Tj ET Q q 0 0 0 rg BT 487.09 575.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 528.74 575.40 Td (statements ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 565.80 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 565.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.49 565.80 Td (and ) Tj ET Q q 0 0 0 rg BT 107.04 565.80 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 157.46 565.80 Td (income ) Tj ET Q q 0 0 0 rg BT 183.01 565.80 Td (/ ) Tj ET Q q 0 0 0 rg BT 187.23 565.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 201.68 565.80 Td (\(see ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 216.56 565.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 234.11 565.80 Td (13, ) Tj ET Q q 0 0 0 rg BT 246.11 565.80 Td ("Equity") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.98 565.80 Td (\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 550.20 Td (Information relating to financial instruments is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 518.70 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 102.00 518.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.00 518.70 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 149.00 518.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 518.70 66.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 518.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.00 518.70 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 518.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 518.70 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 518.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 518.70 150.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 518.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 518.70 71.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 476.70 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 102.00 476.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.00 476.70 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 149.00 476.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 476.70 66.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 476.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.00 476.70 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 476.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 476.70 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 476.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 476.70 150.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 476.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 476.70 71.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 518.7 m 102 518.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 106 518.7 m 149 518.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 153 518.7 m 219 518.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 223 518.7 m 275 518.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 279 518.7 m 334 518.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 338 518.7 m 488 518.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 518.7 m 563 518.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 279 518.7 m 334 518.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 60.20 522.93 Td (T) Tj ET Q q 0 0 0 rg BT 65.24 522.93 Td (rade Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 108.50 530.93 Td (Number) Tj ET Q q 0 0 0 rg BT 136.87 530.93 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 111.70 522.93 Td (Contracts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 180.55 530.93 Td (Aggr) Tj ET Q q 0 0 0 rg BT 197.81 530.93 Td (egate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 156.60 522.93 Td (Notional ) Tj ET Q q 0 0 0 rg BT 187.72 522.93 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.70 530.93 Td (Designated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.70 522.93 Td (Portion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.35 530.93 Td (Maturity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.50 522.93 Td (Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.60 522.93 Td (Objective) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.05 530.93 Td (Fair) Tj ET Q q 0 0 0 rg BT 520.57 530.93 Td ( ) Tj ET Q q 0 0 0 rg BT 522.42 530.93 Td (V) Tj ET Q q 0 0 0 rg BT 527.46 530.93 Td (alue as at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.00 522.93 Td (December) Tj ET Q q 0 0 0 rg BT 529.50 522.93 Td ( 31, 2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.70 509.95 Td (November 10, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 82.50 501.95 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.80 501.95 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 155.50 501.95 Td (EUR) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.75 501.95 Td (210,335) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.50 501.95 Td (EUR) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.75 501.95 Td (65,204) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.70 509.95 Td (November 1, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 501.95 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.20 509.95 Td (Interest rate hedge underlying 2021 Euro) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.05 501.95 Td (Loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.50 501.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.10 501.95 Td (\(639) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 501.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 69.60 488.95 Td (April 26, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 82.50 480.95 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.80 480.95 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 155.50 480.95 Td (EUR) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.75 480.95 Td (210,335) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.50 480.95 Td (EUR) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.75 480.95 Td (65,204) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.70 488.95 Td (November 1, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 480.95 Td (2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.20 488.95 Td (Interest rate hedge underlying 2021 Euro) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.95 480.95 Td (Loan, forward starting on November 1, 2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.50 480.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.10 480.95 Td (\(1,607) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 480.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 73.60 467.95 Td (April 5, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 82.50 459.95 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.80 459.95 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 155.50 459.95 Td (EUR) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.75 459.95 Td (468,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.50 459.95 Td (EUR) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.75 459.95 Td (468,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.60 467.95 Td (February 19, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 459.95 Td (2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.20 467.95 Td (Interest rate hedge underlying 2023 Euro) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.05 459.95 Td (Loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.50 459.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.10 459.95 Td (\(2,728) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 459.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 69.60 446.95 Td (April 26, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 82.50 438.95 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.80 438.95 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 155.50 438.95 Td (EUR) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.75 438.95 Td (468,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.50 438.95 Td (EUR) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.75 438.95 Td (468,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.60 446.95 Td (April 26, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 438.95 Td (2023) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.20 446.95 Td (Interest rate hedge underlying 2023 Euro) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.85 438.95 Td (Loan, forward starting on February 19, 2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.50 438.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.10 438.95 Td (\(5,482) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 438.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 416.60 Td (For) Tj ET Q q 0 0 0 rg BT 61.20 416.60 Td (eign ) Tj ET Q q 0 0 0 rg BT 76.98 416.60 Td (Curr) Tj ET Q q 0 0 0 rg BT 92.24 416.60 Td (ency ) Tj ET Q q 0 0 0 rg BT 108.89 416.60 Td (Risk) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 401.00 Td (From ) Tj ET Q q 0 0 0 rg BT 68.62 401.00 Td (time ) Tj ET Q q 0 0 0 rg BT 84.62 401.00 Td (to ) Tj ET Q q 0 0 0 rg BT 92.62 401.00 Td (time, ) Tj ET Q q 0 0 0 rg BT 110.62 401.00 Td (we ) Tj ET Q q 0 0 0 rg BT 121.73 401.00 Td (have ) Tj ET Q q 0 0 0 rg BT 138.61 401.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 163.93 401.00 Td (into ) Tj ET Q q 0 0 0 rg BT 178.16 401.00 Td (forward ) Tj ET Q q 0 0 0 rg BT 205.26 401.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 230.14 401.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 262.13 401.00 Td (contracts ) Tj ET Q q 0 0 0 rg BT 292.79 401.00 Td (to ) Tj ET Q q 0 0 0 rg BT 300.79 401.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 323.89 401.00 Td (our ) Tj ET Q q 0 0 0 rg BT 336.33 401.00 Td (exposure ) Tj ET Q q 0 0 0 rg BT 366.99 401.00 Td (to ) Tj ET Q q 0 0 0 rg BT 375.00 401.00 Td (movements ) Tj ET Q q 0 0 0 rg BT 413.66 401.00 Td (in ) Tj ET Q q 0 0 0 rg BT 421.66 401.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 446.55 401.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 478.53 401.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 495.41 401.00 Td (related ) Tj ET Q q 0 0 0 rg BT 518.96 401.00 Td (to ) Tj ET Q q 0 0 0 rg BT 526.96 401.00 Td (contractual ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 391.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 82.16 391.40 Td (under ) Tj ET Q q 0 0 0 rg BT 102.38 391.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 126.14 391.40 Td (dollar) Tj ET Q q 0 0 0 rg BT 144.64 391.40 Td (-denominated ) Tj ET Q q 0 0 0 rg BT 190.62 391.40 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 230.61 391.40 Td (As ) Tj ET Q q 0 0 0 rg BT 241.50 391.40 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.27 391.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 296.14 391.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.14 391.40 Td (, ) Tj ET Q q 0 0 0 rg BT 316.14 391.40 Td (we ) Tj ET Q q 0 0 0 rg BT 327.46 391.40 Td (had ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.02 391.40 Td (no) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.02 391.40 Td ( ) Tj ET Q q 0 0 0 rg BT 351.02 391.40 Td (forward ) Tj ET Q q 0 0 0 rg BT 378.34 391.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 403.44 391.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 435.64 391.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 466.52 391.40 Td (outstanding.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 375.80 Td (Fair ) Tj ET Q q 0 0 0 rg BT 65.72 375.80 Td (V) Tj ET Q q 0 0 0 rg BT 69.72 375.80 Td (alue ) Tj ET Q q 0 0 0 rg BT 85.50 375.80 Td (of ) Tj ET Q q 0 0 0 rg BT 93.72 375.80 Td (Derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 360.20 Td (The ) Tj ET Q q 0 0 0 rg BT 64.84 360.20 Td (change ) Tj ET Q q 0 0 0 rg BT 90.39 360.20 Td (in ) Tj ET Q q 0 0 0 rg BT 99.52 360.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 113.52 360.20 Td (value ) Tj ET Q q 0 0 0 rg BT 133.75 360.20 Td (of ) Tj ET Q q 0 0 0 rg BT 143.32 360.20 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 181.32 360.20 Td (not ) Tj ET Q q 0 0 0 rg BT 194.44 360.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 232.43 360.20 Td (within ) Tj ET Q q 0 0 0 rg BT 255.78 360.20 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 299.11 360.20 Td (other ) Tj ET Q q 0 0 0 rg BT 318.45 360.20 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 369.77 360.20 Td (income ) Tj ET Q q 0 0 0 rg BT 396.22 360.20 Td (/ ) Tj ET Q q 0 0 0 rg BT 401.35 360.20 Td (losscomprised ) Tj ET Q q 0 0 0 rg BT 452.02 360.20 Td (the ) Tj ET Q q 0 0 0 rg BT 464.70 360.20 Td (following ) Tj ET Q q 0 0 0 rg BT 498.71 360.20 Td (for ) Tj ET Q q 0 0 0 rg BT 510.94 360.20 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 360.20 Td (years ) Tj ET Q q 0 0 0 rg BT 543.40 360.20 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 350.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.37 350.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 112.37 350.60 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 116.37 350.60 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.37 350.60 Td ( ) Tj ET Q q 0 0 0 rg BT 134.37 350.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 147.92 350.60 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 163.92 350.60 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 314.10 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 314.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 314.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 314.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 314.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 314.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 288.10 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 288.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 288.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 288.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 288.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 288.10 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375 327.1 m 435 327.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 435 327.1 m 439 327.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439 327.1 m 499 327.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499 327.1 m 503 327.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503 327.1 m 563 327.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375 314.1 m 435 314.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439 314.1 m 499 314.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503 314.1 m 563 314.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375 314.1 m 435 314.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 288.1 m 435 288.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 276.1 m 435 276.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 274.1 m 435 274.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 288.1 m 499 288.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 276.1 m 499 276.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 274.1 m 499 274.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 288.1 m 563 288.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 276.1 m 563 276.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 274.1 m 563 274.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.60 331.33 Td (For) Tj ET Q q 0 0 0 rg BT 421.89 331.33 Td ( ) Tj ET Q q 0 0 0 rg BT 423.75 331.33 Td (The ) Tj ET Q q 0 0 0 rg BT 438.79 331.33 Td (Y) Tj ET Q q 0 0 0 rg BT 443.68 331.33 Td (ear) Tj ET Q q 0 0 0 rg BT 454.64 331.33 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 515.37 331.33 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.50 318.33 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.50 318.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.50 318.33 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 305.35 Td (Loss on currency swaps) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.50 305.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.80 305.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.50 305.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.10 305.35 Td (\(1,380) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.80 305.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.50 305.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.10 305.35 Td (\(10,213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 305.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 292.35 Td (Loss on interest rate swaps) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.10 292.35 Td (\(1,715) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.80 292.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.10 292.35 Td (\(403) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.80 292.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 292.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 279.33 Td (Change in fair) Tj ET Q q 0 0 0 rg BT 101.69 279.33 Td ( value of derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.50 279.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.10 279.33 Td (\(1,715) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.80 279.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.50 279.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.10 279.33 Td (\(1,783) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.80 279.33 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.50 279.33 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.10 279.33 Td (\(10,213) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.80 279.33 Td (\)) Tj ET Q BT /F1 8.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 254.00 Td (15. ) Tj ET Q q 0 0 0 rg BT 67.50 254.00 Td (INTEREST) Tj ET Q q 0 0 0 rg BT 107.82 254.00 Td ( ) Tj ET Q q 0 0 0 rg BT 109.82 254.00 Td (EXPENSE) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 238.40 Td (Interest ) Tj ET Q q 0 0 0 rg BT 75.49 238.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 103.25 238.40 Td (comprised ) Tj ET Q q 0 0 0 rg BT 138.58 238.40 Td (the ) Tj ET Q q 0 0 0 rg BT 150.35 238.40 Td (following ) Tj ET Q q 0 0 0 rg BT 183.46 238.40 Td (for ) Tj ET Q q 0 0 0 rg BT 194.79 238.40 Td (the ) Tj ET Q q 0 0 0 rg BT 206.56 238.40 Td (years ) Tj ET Q q 0 0 0 rg BT 225.44 238.40 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.54 238.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 293.41 238.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.41 238.40 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.41 238.40 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.41 238.40 Td ( ) Tj ET Q q 0 0 0 rg BT 331.41 238.40 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.96 238.40 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.96 238.40 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 201.90 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 201.90 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 201.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 201.90 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 201.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 201.90 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 175.90 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 175.90 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 175.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 175.90 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 175.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 175.90 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375 214.89999999999998 m 435 214.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 435 214.89999999999998 m 439 214.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439 214.89999999999998 m 499 214.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499 214.89999999999998 m 503 214.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503 214.89999999999998 m 563 214.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375 214.89999999999998 m 435 214.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375 201.89999999999998 m 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BT 509.11 96.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 535.80 96.40 Td (that ) Tj ET Q q 0 0 0 rg BT 550.07 96.40 Td (was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 86.80 Td (repaid ) Tj ET Q q 0 0 0 rg BT 71.49 86.80 Td (from ) Tj ET Q q 0 0 0 rg BT 89.04 86.80 Td (the ) Tj ET Q q 0 0 0 rg BT 100.81 86.80 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 131.24 86.80 Td (of ) Tj ET Q q 0 0 0 rg BT 139.91 86.80 Td (the ) Tj ET Q q 0 0 0 rg BT 151.68 86.80 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 181.08 86.80 Td (T) Tj ET Q q 0 0 0 rg BT 185.69 86.80 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 220.56 86.80 Td (\(see ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.44 86.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 252.99 86.80 Td (3, ) Tj ET Q q 0 0 0 rg BT 260.99 86.80 Td ("Discontinued ) Tj ET Q q 0 0 0 rg BT 308.92 86.80 Td (Operations ) Tj ET Q q 0 0 0 rg BT 346.02 86.80 Td (and ) Tj ET Q q 0 0 0 rg BT 359.13 86.80 Td (Assets ) Tj ET Q q 0 0 0 rg BT 382.02 86.80 Td (Held ) Tj ET Q q 0 0 0 rg BT 399.57 86.80 Td (for ) Tj ET Q q 0 0 0 rg BT 410.90 86.80 Td (Sale") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.94 86.80 Td (\).) 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Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (62) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (16. ) Tj ET Q q 0 0 0 rg BT 67.50 723.60 Td (OTHER ) Tj ET Q q 0 0 0 rg BT 98.39 723.60 Td (NON-OPERA) Tj ET Q q 0 0 0 rg BT 146.24 723.60 Td (TING ) Tj ET Q q 0 0 0 rg BT 168.69 723.60 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 204.47 723.60 Td (/ ) Tj ET Q q 0 0 0 rg BT 208.69 723.60 Td (EXPENSE, ) Tj ET Q q 0 0 0 rg BT 249.59 723.60 Td (NET) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 69.71 708.00 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 116.59 708.00 Td (income ) Tj ET Q q 0 0 0 rg BT 142.14 708.00 Td (/ ) Tj ET Q q 0 0 0 rg BT 146.36 708.00 Td (expense, ) Tj ET Q q 0 0 0 rg BT 176.13 708.00 Td (net ) Tj ET Q q 0 0 0 rg BT 187.90 708.00 Td (comprised ) Tj ET Q q 0 0 0 rg BT 223.22 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 235.00 708.00 Td (following ) Tj ET Q q 0 0 0 rg BT 268.11 708.00 Td (for ) Tj ET Q q 0 0 0 rg BT 279.43 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 291.21 708.00 Td (years ) Tj ET Q q 0 0 0 rg BT 310.09 708.00 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.19 708.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 378.05 708.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.05 708.00 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.05 708.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.05 708.00 Td ( ) Tj ET Q q 0 0 0 rg BT 416.05 708.00 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.61 708.00 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.61 708.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 668.50 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 668.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 668.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 668.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 668.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 668.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 642.50 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 642.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 642.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 642.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 642.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 642.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 616.50 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 616.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 616.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 616.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 616.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 616.50 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375 681.5 m 435 681.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 435 681.5 m 439 681.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439 681.5 m 499 681.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499 681.5 m 503 681.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503 681.5 m 563 681.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375 668.5 m 435 668.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439 681.5 m 499 681.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439 668.5 m 499 668.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503 668.5 m 563 668.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 616.5 m 435 616.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 616.5 m 499 616.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 616.5 m 563 616.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 616.5 m 435 616.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 604.5 m 435 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 602.5 m 435 602.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 616.5 m 499 616.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 604.5 m 499 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 602.5 m 499 602.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 616.5 m 563 616.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 604.5 m 563 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 602.5 m 563 602.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 685.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.60 685.73 Td (For) Tj ET Q q 0 0 0 rg BT 421.89 685.73 Td ( ) Tj ET Q q 0 0 0 rg BT 423.75 685.73 Td (The ) Tj ET Q q 0 0 0 rg BT 438.79 685.73 Td (Y) Tj ET Q q 0 0 0 rg BT 443.68 685.73 Td (ear) Tj ET Q q 0 0 0 rg BT 454.64 685.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 515.37 685.73 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 672.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.50 672.73 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.50 672.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.50 672.73 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 660.10 Td (Interest income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.50 659.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 659.75 Td (725) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.50 659.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.80 659.75 Td (536) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.50 659.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.80 659.75 Td (590) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 647.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 79.39 647.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 109.37 647.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 141.57 647.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 161.35 647.10 Td (/ ) Tj ET Q q 0 0 0 rg BT 165.57 647.10 Td (gain, ) Tj ET Q q 0 0 0 rg BT 183.34 647.10 Td (net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.10 646.75 Td (\(2,691) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.80 646.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 646.75 Td (17,761) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 646.75 Td (6,929) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 634.10 Td (Change in fair value of derivatives \(Note 14\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.10 633.75 Td (\(1,715) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.80 633.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.10 633.75 Td (\(1,783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.80 633.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.10 633.75 Td (\(10,213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 633.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 621.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 72.71 621.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 100.26 621.10 Td (net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.80 620.75 Td (508) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.80 620.75 Td (428) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.80 620.75 Td (442) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 608.18 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 608.18 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 608.18 Td (other) Tj ET Q q 0 0 0 rg BT 90.06 608.18 Td ( ) Tj ET Q q 0 0 0 rg BT 92.06 608.18 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 142.51 608.18 Td (\(expense\) ) Tj ET Q q 0 0 0 rg BT 176.50 608.18 Td (/ ) Tj ET Q q 0 0 0 rg BT 180.72 608.18 Td (income, ) Tj ET Q q 0 0 0 rg BT 209.16 608.18 Td (net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.50 607.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.10 607.73 Td (\(3,173) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.80 607.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.50 607.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.80 607.73 Td (16,942) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.50 607.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.10 607.73 Td (\(2,252) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.80 607.73 Td (\)) Tj ET Q BT /F1 8.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 582.40 Td (17. ) Tj ET Q q 0 0 0 rg BT 67.50 582.40 Td (ST) Tj ET Q q 0 0 0 rg BT 77.14 582.40 Td (OCK-BASED ) Tj ET Q q 0 0 0 rg BT 126.70 582.40 Td (COMPENSA) Tj ET Q q 0 0 0 rg BT 171.89 582.40 Td (TION) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 566.80 Td (Under ) Tj ET Q q 0 0 0 rg BT 71.84 566.80 Td (our ) Tj ET Q q 0 0 0 rg BT 84.86 566.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 103.21 566.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 123.79 566.80 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 155.90 566.80 Td (Plan ) Tj ET Q q 0 0 0 rg BT 172.47 566.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 187.26 566.80 Td ("2015 ) Tj ET Q q 0 0 0 rg BT 208.88 566.80 Td (Plan"\), ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.38 566.80 Td (6,000,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.38 566.80 Td ( ) Tj ET Q q 0 0 0 rg BT 267.73 566.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 290.08 566.80 Td (of ) Tj ET Q q 0 0 0 rg BT 299.09 566.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 318.26 566.80 Td (A) Tj ET Q q 0 0 0 rg BT 323.60 566.80 Td ( ) Tj ET Q q 0 0 0 rg BT 325.95 566.80 Td (common ) Tj ET Q q 0 0 0 rg BT 356.30 566.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 375.54 566.80 Td (are ) Tj ET Q q 0 0 0 rg BT 387.65 566.80 Td (authorized ) Tj ET Q q 0 0 0 rg BT 423.77 566.80 Td (for ) Tj ET Q q 0 0 0 rg BT 435.45 566.80 Td (grants ) Tj ET Q q 0 0 0 rg BT 457.35 566.80 Td (of ) Tj ET Q q 0 0 0 rg BT 466.36 566.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 485.60 566.80 Td (options, ) Tj ET Q q 0 0 0 rg BT 513.51 566.80 Td (restricted ) Tj ET Q q 0 0 0 rg BT 545.63 566.80 Td (stock ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 557.20 Td (units ) Tj ET Q q 0 0 0 rg BT 67.01 557.20 Td (\("RSU"\), ) Tj ET Q q 0 0 0 rg BT 98.39 557.20 Td (restricted ) Tj ET Q q 0 0 0 rg BT 130.11 557.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 148.95 557.20 Td (and ) Tj ET Q q 0 0 0 rg BT 162.46 557.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 181.30 557.20 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 222.79 557.20 Td (rights ) Tj ET Q q 0 0 0 rg BT 242.96 557.20 Td (to ) Tj ET Q q 0 0 0 rg BT 251.14 557.20 Td (employees ) Tj ET Q q 0 0 0 rg BT 287.31 557.20 Td (and ) Tj ET Q q 0 0 0 rg BT 300.81 557.20 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 348.53 557.20 Td (directors. ) Tj ET Q q 0 0 0 rg BT 380.47 557.20 Td (In ) Tj ET Q q 0 0 0 rg BT 389.09 557.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 419.27 557.20 Td (any ) Tj ET Q q 0 0 0 rg BT 432.77 557.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 454.72 557.20 Td (available ) Tj ET Q q 0 0 0 rg BT 485.55 557.20 Td (under ) Tj ET Q q 0 0 0 rg BT 505.72 557.20 Td (our ) Tj ET Q q 0 0 0 rg BT 517.90 557.20 Td (Amended ) Tj ET Q q 0 0 0 rg BT 550.96 557.20 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 547.60 Td (Restated ) Tj ET Q q 0 0 0 rg BT 78.60 547.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 98.37 547.60 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 129.68 547.60 Td (Plan ) Tj ET Q q 0 0 0 rg BT 145.45 547.60 Td (\(which ) Tj ET Q q 0 0 0 rg BT 169.21 547.60 Td (expired ) Tj ET Q q 0 0 0 rg BT 194.75 547.60 Td (on ) Tj ET Q q 0 0 0 rg BT 204.30 547.60 Td (June ) Tj ET Q q 0 0 0 rg BT 220.51 547.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 228.06 547.60 Td (2015\), ) Tj ET Q q 0 0 0 rg BT 250.27 547.60 Td (including ) Tj ET Q q 0 0 0 rg BT 282.04 547.60 Td (in ) Tj ET Q q 0 0 0 rg BT 289.81 547.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 314.01 547.60 Td (of ) Tj ET Q q 0 0 0 rg BT 322.23 547.60 Td (any ) Tj ET Q q 0 0 0 rg BT 335.33 547.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 359.53 547.60 Td (that ) Tj ET Q q 0 0 0 rg BT 373.08 547.60 Td (expire, ) Tj ET Q q 0 0 0 rg BT 396.61 547.60 Td (terminate, ) Tj ET Q q 0 0 0 rg BT 430.37 547.60 Td (are ) Tj ET Q q 0 0 0 rg BT 441.68 547.60 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 470.77 547.60 Td (or ) Tj ET Q q 0 0 0 rg BT 478.98 547.60 Td (withheld, ) Tj ET Q q 0 0 0 rg BT 510.53 547.60 Td (will ) Tj ET Q q 0 0 0 rg BT 524.52 547.60 Td (be ) Tj ET Q q 0 0 0 rg BT 533.62 547.60 Td (available ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 538.00 Td (for ) Tj ET Q q 0 0 0 rg BT 60.66 538.00 Td (awards ) Tj ET Q q 0 0 0 rg BT 85.15 538.00 Td (under ) Tj ET Q q 0 0 0 rg BT 105.19 538.00 Td (the ) Tj ET Q q 0 0 0 rg BT 116.80 538.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 134.63 538.00 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 152.68 538.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 174.50 538.00 Td (the ) Tj ET Q q 0 0 0 rg BT 186.11 538.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 203.94 538.00 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 221.99 538.00 Td (awards ) Tj ET Q q 0 0 0 rg BT 246.48 538.00 Td (are ) Tj ET Q q 0 0 0 rg BT 258.08 538.00 Td (made ) Tj ET Q q 0 0 0 rg BT 277.23 538.00 Td (to ) Tj ET Q q 0 0 0 rg BT 285.29 538.00 Td (employees ) Tj ET Q q 0 0 0 rg BT 321.33 538.00 Td (and ) Tj ET Q q 0 0 0 rg BT 334.71 538.00 Td (directors ) Tj ET Q q 0 0 0 rg BT 364.53 538.00 Td (at ) Tj ET Q q 0 0 0 rg BT 372.13 538.00 Td (the ) Tj ET Q q 0 0 0 rg BT 383.74 538.00 Td (discretion ) Tj ET Q q 0 0 0 rg BT 417.12 538.00 Td (of ) Tj ET Q q 0 0 0 rg BT 425.61 538.00 Td (the ) Tj ET Q q 0 0 0 rg BT 437.22 538.00 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 485.27 538.00 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 524.24 538.00 Td (Any ) Tj ET Q q 0 0 0 rg BT 539.85 538.00 Td (awards ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 528.40 Td (previously ) Tj ET Q q 0 0 0 rg BT 85.27 528.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 107.27 528.40 Td (under ) Tj ET Q q 0 0 0 rg BT 127.49 528.40 Td (the ) Tj ET Q q 0 0 0 rg BT 138.82 528.40 Td (Amended ) Tj ET Q q 0 0 0 rg BT 171.92 528.40 Td (and ) Tj ET Q q 0 0 0 rg BT 185.47 528.40 Td (Restated ) Tj ET Q q 0 0 0 rg BT 215.02 528.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 235.24 528.40 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 267.00 528.40 Td (Planwill ) Tj ET Q q 0 0 0 rg BT 297.67 528.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 327.22 528.40 Td (to ) Tj ET Q q 0 0 0 rg BT 335.44 528.40 Td (be ) Tj ET Q q 0 0 0 rg BT 344.99 528.40 Td (governed ) Tj ET Q q 0 0 0 rg BT 376.76 528.40 Td (by ) Tj ET Q q 0 0 0 rg BT 386.76 528.40 Td (the ) Tj ET Q q 0 0 0 rg BT 398.53 528.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 418.30 528.40 Td (of ) Tj ET Q q 0 0 0 rg BT 426.97 528.40 Td (that ) Tj ET Q q 0 0 0 rg BT 440.96 528.40 Td (plan.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 512.80 Td (For ) Tj ET Q q 0 0 0 rg BT 62.64 512.80 Td (the ) Tj ET Q q 0 0 0 rg BT 74.43 512.80 Td (years ) Tj ET Q q 0 0 0 rg BT 93.34 512.80 Td (ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 114.44 512.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 161.33 512.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 177.33 512.80 Td (,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.33 512.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.33 512.80 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.88 512.80 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.88 512.80 Td (, ) Tj ET Q q 0 0 0 rg BT 232.90 512.80 Td (we ) Tj ET Q q 0 0 0 rg BT 244.25 512.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 281.37 512.80 Td (char) Tj ET Q q 0 0 0 rg BT 294.99 512.80 Td (ges ) Tj ET Q q 0 0 0 rg BT 307.68 512.80 Td (for ) Tj ET Q q 0 0 0 rg BT 319.03 512.80 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 358.82 512.80 Td (compensation ) Tj ET Q q 0 0 0 rg BT 405.27 512.80 Td (of ) Tj ET Q q 0 0 0 rg BT 413.96 512.80 Td (US$) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.19 512.80 Td (7.1 ) Tj ET Q q 0 0 0 rg BT 442.21 512.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.32 512.80 Td (, ) Tj ET Q q 0 0 0 rg BT 469.35 512.80 Td (US$) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.57 512.80 Td (4.4 ) Tj ET Q q 0 0 0 rg BT 497.60 512.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.71 512.80 Td (and ) Tj ET Q q 0 0 0 rg BT 536.29 512.80 Td (US$) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.51 512.80 Td (3.5 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 503.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.61 503.20 Td (, ) Tj ET Q q 0 0 0 rg BT 76.75 503.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 114.88 503.20 Td (, ) Tj ET Q q 0 0 0 rg BT 119.01 503.20 Td (presented ) Tj ET Q q 0 0 0 rg BT 151.80 503.20 Td (as ) Tj ET Q q 0 0 0 rg BT 160.60 503.20 Td (a ) Tj ET Q q 0 0 0 rg BT 166.28 503.20 Td (component ) Tj ET Q q 0 0 0 rg BT 203.96 503.20 Td (of ) Tj ET Q q 0 0 0 rg BT 212.76 503.20 Td (selling, ) Tj ET Q q 0 0 0 rg BT 238.23 503.20 Td (general ) Tj ET Q q 0 0 0 rg BT 263.90 503.20 Td (and ) Tj ET Q q 0 0 0 rg BT 277.59 503.20 Td (administrative ) Tj ET Q q 0 0 0 rg BT 325.49 503.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 356.50 503.20 Td (in ) Tj ET Q q 0 0 0 rg BT 364.86 503.20 Td (our ) Tj ET Q q 0 0 0 rg BT 377.66 503.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 420.23 503.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 456.13 503.20 Td (of ) Tj ET Q q 0 0 0 rg BT 464.93 503.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 500.39 503.20 Td (and ) Tj ET Q q 0 0 0 rg BT 514.08 503.20 Td (comprehensive ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 493.60 Td (income ) Tj ET Q q 0 0 0 rg BT 75.05 493.60 Td (/ ) Tj ET Q q 0 0 0 rg BT 79.27 493.60 Td (loss.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 475.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 68.82 475.00 Td (Options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 459.40 Td (Grants ) Tj ET Q q 0 0 0 rg BT 72.75 459.40 Td (of ) Tj ET Q q 0 0 0 rg BT 81.34 459.40 Td (options ) Tj ET Q q 0 0 0 rg BT 106.82 459.40 Td (allow ) Tj ET Q q 0 0 0 rg BT 126.51 459.40 Td (the ) Tj ET Q q 0 0 0 rg BT 138.21 459.40 Td (holders ) Tj ET Q q 0 0 0 rg BT 163.68 459.40 Td (to ) Tj ET Q q 0 0 0 rg BT 171.82 459.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 202.18 459.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 224.09 459.40 Td (of ) Tj ET Q q 0 0 0 rg BT 232.68 459.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 251.51 459.40 Td (A) Tj ET Q q 0 0 0 rg BT 256.85 459.40 Td ( ) Tj ET Q q 0 0 0 rg BT 258.77 459.40 Td (common ) Tj ET Q q 0 0 0 rg BT 288.69 459.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 307.49 459.40 Td (at ) Tj ET Q q 0 0 0 rg BT 315.19 459.40 Td (an ) Tj ET Q q 0 0 0 rg BT 324.66 459.40 Td (exercise ) Tj ET Q q 0 0 0 rg BT 352.79 459.40 Td (price, ) Tj ET Q q 0 0 0 rg BT 372.70 459.40 Td (which ) Tj ET Q q 0 0 0 rg BT 394.17 459.40 Td (is ) Tj ET Q q 0 0 0 rg BT 401.43 459.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 433.11 459.40 Td (the ) Tj ET Q q 0 0 0 rg BT 444.81 459.40 Td (market ) Tj ET Q q 0 0 0 rg BT 468.94 459.40 Td (price ) Tj ET Q q 0 0 0 rg BT 486.85 459.40 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 521.20 459.40 Td (at ) Tj ET Q q 0 0 0 rg BT 528.90 459.40 Td (the ) Tj ET Q q 0 0 0 rg BT 540.60 459.40 Td (date ) Tj ET Q q 0 0 0 rg BT 555.84 459.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 449.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.78 449.80 Td (grant, ) Tj ET Q q 0 0 0 rg BT 82.72 449.80 Td (with ) Tj ET Q q 0 0 0 rg BT 99.45 449.80 Td (vesting ) Tj ET Q q 0 0 0 rg BT 125.07 449.80 Td (between ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 154.23 449.80 Td (one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 165.78 449.80 Td ( ) Tj ET Q q 0 0 0 rg BT 168.29 449.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.34 449.80 Td (four) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.67 449.80 Td ( ) Tj ET Q q 0 0 0 rg BT 198.18 449.80 Td (years ) Tj ET Q q 0 0 0 rg BT 217.57 449.80 Td (after ) Tj ET Q q 0 0 0 rg BT 234.72 449.80 Td (the ) Tj ET Q q 0 0 0 rg BT 247.00 449.80 Td (awards ) Tj ET Q q 0 0 0 rg BT 272.17 449.80 Td (are ) Tj ET Q q 0 0 0 rg BT 284.44 449.80 Td (granted. ) Tj ET Q q 0 0 0 rg BT 312.75 449.80 Td (There ) Tj ET Q q 0 0 0 rg BT 333.91 449.80 Td (was ) Tj ET Q q 0 0 0 rg BT 348.86 449.80 Td (no ) Tj ET Q q 0 0 0 rg BT 359.37 449.80 Td (option ) Tj ET Q q 0 0 0 rg BT 382.32 449.80 Td (activity ) Tj ET Q q 0 0 0 rg BT 408.82 449.80 Td (during ) Tj ET Q q 0 0 0 rg BT 432.21 449.80 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.49 449.80 Td (year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.26 449.80 Td ( ) Tj ET Q q 0 0 0 rg BT 460.77 449.80 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.37 449.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 529.75 449.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.75 449.80 Td (. ) Tj ET Q q 0 0 0 rg BT 550.07 449.80 Td (The ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 440.20 Td (summary ) Tj ET Q q 0 0 0 rg BT 81.27 440.20 Td (of ) Tj ET Q q 0 0 0 rg BT 89.94 440.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 108.82 440.20 Td (options ) Tj ET Q q 0 0 0 rg BT 134.38 440.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 173.71 440.20 Td (as ) Tj ET Q q 0 0 0 rg BT 182.38 440.20 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.15 440.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 237.02 440.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.02 440.20 Td ( ) Tj ET Q q 0 0 0 rg BT 255.02 440.20 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.57 440.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 315.44 440.20 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.44 440.20 Td ( ) Tj ET Q q 0 0 0 rg BT 333.44 440.20 Td (is ) Tj ET Q q 0 0 0 rg BT 340.77 440.20 Td (presented ) Tj ET Q q 0 0 0 rg BT 373.43 440.20 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 392.70 225.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 392.70 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 392.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 392.70 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 392.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 392.70 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 392.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 392.70 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 366.70 225.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 366.70 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 366.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 366.70 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 366.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 366.70 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 366.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 366.70 69.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 275 392.7 m 343 392.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347 392.7 m 416 392.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 392.7 m 489 392.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493 392.7 m 562 392.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 275 392.7 m 343 392.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347 392.7 m 416 392.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 392.7 m 489 392.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493 392.7 m 562 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 379.7 m 343 379.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 379.7 m 416 379.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 379.7 m 489 379.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 379.7 m 562 379.7 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 396.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.50 396.93 Td (Shar) Tj ET Q q 0 0 0 rg BT 332.88 396.93 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.65 412.93 Td (W) Tj ET Q q 0 0 0 rg BT 358.43 412.93 Td (eighted ) Tj ET Q q 0 0 0 rg BT 384.87 412.93 Td (A) Tj ET Q q 0 0 0 rg BT 390.13 412.93 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.60 404.93 Td (Exer) Tj ET Q q 0 0 0 rg BT 366.97 404.93 Td (cise Price per) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.60 396.93 Td (Shar) Tj ET Q q 0 0 0 rg BT 408.98 396.93 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.65 420.93 Td (W) Tj ET Q q 0 0 0 rg BT 431.43 420.93 Td (eighted ) Tj ET Q q 0 0 0 rg BT 457.87 420.93 Td (A) Tj ET Q q 0 0 0 rg BT 463.13 420.93 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.15 412.93 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.90 404.93 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 467.16 404.93 Td (T) Tj ET Q q 0 0 0 rg BT 472.05 404.93 Td (erm) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.95 396.93 Td (\(years\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.55 404.93 Td (Aggr) Tj ET Q q 0 0 0 rg BT 540.81 404.93 Td (egate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.00 396.93 Td (Intrinsic ) Tj ET Q q 0 0 0 rg BT 539.26 396.93 Td (V) Tj ET Q q 0 0 0 rg BT 544.60 396.93 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 383.93 Td (Outstanding at December) Tj ET Q q 0 0 0 rg BT 140.35 383.93 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.80 383.93 Td (2,01) Tj ET Q q 0 0 0 rg BT 321.80 383.93 Td (1,392) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 383.93 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.80 383.93 Td (2.32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.50 383.93 Td (7.58) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.50 383.93 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 383.93 Td (4,677) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 370.93 Td (Outstanding ) Tj ET Q q 0 0 0 rg BT 97.18 370.93 Td (at ) Tj ET Q q 0 0 0 rg BT 105.85 370.93 Td (December) Tj ET Q q 0 0 0 rg BT 140.35 370.93 Td ( ) Tj ET Q q 0 0 0 rg BT 142.35 370.93 Td (31, ) Tj ET Q q 0 0 0 rg BT 154.35 370.93 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.50 370.93 Td (2,01) Tj ET Q q 0 0 0 rg BT 321.50 370.93 Td (1,392) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 370.93 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.80 370.93 Td (2.32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.50 370.93 Td (6.58) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.50 370.93 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 370.93 Td (916) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 357.95 Td (V) Tj ET Q q 0 0 0 rg BT 57.83 357.95 Td (ested ) Tj ET Q q 0 0 0 rg BT 75.83 357.95 Td (or ) Tj ET Q q 0 0 0 rg BT 84.49 357.95 Td (expected ) Tj ET Q q 0 0 0 rg BT 114.92 357.95 Td (to ) Tj ET Q q 0 0 0 rg BT 123.14 357.95 Td (vest ) Tj ET Q q 0 0 0 rg BT 138.03 357.95 Td (at ) Tj ET Q q 0 0 0 rg BT 145.80 357.95 Td (December ) Tj ET Q q 0 0 0 rg BT 180.67 357.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 192.67 357.95 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.80 357.95 Td (2,01) Tj ET Q q 0 0 0 rg BT 321.80 357.95 Td (1,392) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.50 357.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.80 357.95 Td (2.32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.50 357.95 Td (6.58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.50 357.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 357.95 Td (916) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 344.95 Td (Exercisable ) Tj ET Q q 0 0 0 rg BT 91.81 344.95 Td (at ) Tj ET Q q 0 0 0 rg BT 99.59 344.95 Td (December ) Tj ET Q q 0 0 0 rg BT 134.45 344.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 146.45 344.95 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.80 344.95 Td (1,405,696) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.50 344.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.80 344.95 Td (2.31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.50 344.95 Td (6.53) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.50 344.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 344.95 Td (654) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 325.60 Td (When ) Tj ET Q q 0 0 0 rg BT 70.46 325.60 Td (options ) Tj ET Q q 0 0 0 rg BT 95.87 325.60 Td (are ) Tj ET Q q 0 0 0 rg BT 107.50 325.60 Td (vested, ) Tj ET Q q 0 0 0 rg BT 131.79 325.60 Td (holders ) Tj ET Q q 0 0 0 rg BT 157.20 325.60 Td (may ) Tj ET Q q 0 0 0 rg BT 172.83 325.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 200.89 325.60 Td (them ) Tj ET Q q 0 0 0 rg BT 218.74 325.60 Td (at ) Tj ET Q q 0 0 0 rg BT 226.37 325.60 Td (any ) Tj ET Q q 0 0 0 rg BT 239.78 325.60 Td (time ) Tj ET Q q 0 0 0 rg BT 255.85 325.60 Td (up ) Tj ET Q q 0 0 0 rg BT 265.71 325.60 Td (to ) Tj ET Q q 0 0 0 rg BT 273.79 325.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.42 325.60 Td (maximum ) Tj ET Q q 0 0 0 rg BT 319.71 325.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 357.11 325.60 Td (life ) Tj ET Q q 0 0 0 rg BT 369.62 325.60 Td (of ) Tj ET Q q 0 0 0 rg BT 378.14 325.60 Td (the ) Tj ET Q q 0 0 0 rg BT 389.77 325.60 Td (instrument ) Tj ET Q q 0 0 0 rg BT 425.85 325.60 Td (which ) Tj ET Q q 0 0 0 rg BT 447.25 325.60 Td (is ) Tj ET Q q 0 0 0 rg BT 454.45 325.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 485.18 325.60 Td (in ) Tj ET Q q 0 0 0 rg BT 493.26 325.60 Td (the ) Tj ET Q q 0 0 0 rg BT 504.89 325.60 Td (option ) Tj ET Q q 0 0 0 rg BT 527.19 325.60 Td (agreement. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 316.00 Td (At ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.92 316.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.20 316.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 123.20 316.00 Td (, ) Tj ET Q q 0 0 0 rg BT 127.62 316.00 Td (the ) Tj ET Q q 0 0 0 rg BT 139.80 316.00 Td (maximum ) Tj ET Q q 0 0 0 rg BT 174.66 316.00 Td (life ) Tj ET Q q 0 0 0 rg BT 187.74 316.00 Td (of ) Tj ET Q q 0 0 0 rg BT 196.82 316.00 Td (options ) Tj ET Q q 0 0 0 rg BT 222.79 316.00 Td (that ) Tj ET Q q 0 0 0 rg BT 237.21 316.00 Td (were ) Tj ET Q q 0 0 0 rg BT 255.16 316.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 277.58 316.00 Td (under ) Tj ET Q q 0 0 0 rg BT 298.21 316.00 Td (the ) Tj ET Q q 0 0 0 rg BT 310.40 316.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 328.82 316.00 Td (Plan ) Tj ET Q q 0 0 0 rg BT 345.46 316.00 Td (was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.31 316.00 Td (ten ) Tj ET Q q 0 0 0 rg BT 372.50 316.00 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.38 316.00 Td (. ) Tj ET Q q 0 0 0 rg BT 393.80 316.00 Td (Upon ) Tj ET Q q 0 0 0 rg BT 413.99 316.00 Td (providing ) Tj ET Q q 0 0 0 rg BT 447.52 316.00 Td (the ) Tj ET Q q 0 0 0 rg BT 459.71 316.00 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 498.55 316.00 Td (written ) Tj ET Q q 0 0 0 rg BT 523.62 316.00 Td (notification, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 306.40 Td (holders ) Tj ET Q q 0 0 0 rg BT 75.05 306.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 88.60 306.40 Td (the ) Tj ET Q q 0 0 0 rg BT 100.38 306.40 Td (exercise ) Tj ET Q q 0 0 0 rg BT 128.58 306.40 Td (price ) Tj ET Q q 0 0 0 rg BT 146.57 306.40 Td (and ) Tj ET Q q 0 0 0 rg BT 160.12 306.40 Td (receive ) Tj ET Q q 0 0 0 rg BT 185.21 306.40 Td (shares.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 290.80 Td (The ) Tj ET Q q 0 0 0 rg BT 63.91 290.80 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 96.98 290.80 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 125.17 290.80 Td (value ) Tj ET Q q 0 0 0 rg BT 144.47 290.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 158.89 290.80 Td (dif) Tj ET Q q 0 0 0 rg BT 167.63 290.80 Td (ference ) Tj ET Q q 0 0 0 rg BT 193.13 290.80 Td (between ) Tj ET Q q 0 0 0 rg BT 221.76 290.80 Td (the ) Tj ET Q q 0 0 0 rg BT 233.51 290.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 252.37 290.80 Td (price ) Tj ET Q q 0 0 0 rg BT 270.34 290.80 Td (on ) Tj ET Q q 0 0 0 rg BT 280.31 290.80 Td (the ) Tj ET Q q 0 0 0 rg BT 292.06 290.80 Td (last ) Tj ET Q q 0 0 0 rg BT 305.15 290.80 Td (day ) Tj ET Q q 0 0 0 rg BT 318.67 290.80 Td (of ) Tj ET Q q 0 0 0 rg BT 327.31 290.80 Td (trading ) Tj ET Q q 0 0 0 rg BT 351.95 290.80 Td (of ) Tj ET Q q 0 0 0 rg BT 360.59 290.80 Td (the ) Tj ET Q q 0 0 0 rg BT 372.34 290.80 Td (fourth ) Tj ET Q q 0 0 0 rg BT 393.86 290.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 418.49 290.80 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.13 290.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.13 290.80 Td ( ) Tj ET Q q 0 0 0 rg BT 445.11 290.80 Td (and ) Tj ET Q q 0 0 0 rg BT 458.63 290.80 Td (the ) Tj ET Q q 0 0 0 rg BT 470.38 290.80 Td (exercise ) Tj ET Q q 0 0 0 rg BT 498.56 290.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 519.64 290.80 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 554.50 290.80 Td (by ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 281.20 Td (the ) Tj ET Q q 0 0 0 rg BT 61.24 281.20 Td (number ) Tj ET Q q 0 0 0 rg BT 87.64 281.20 Td (of ) Tj ET Q q 0 0 0 rg BT 96.27 281.20 Td (in-the-money ) Tj ET Q q 0 0 0 rg BT 141.33 281.20 Td (options\) ) Tj ET Q q 0 0 0 rg BT 169.51 281.20 Td (represents ) Tj ET Q q 0 0 0 rg BT 203.91 281.20 Td (the ) Tj ET Q q 0 0 0 rg BT 215.65 281.20 Td (total ) Tj ET Q q 0 0 0 rg BT 231.83 281.20 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 260.01 281.20 Td (value ) Tj ET Q q 0 0 0 rg BT 279.30 281.20 Td (that ) Tj ET Q q 0 0 0 rg BT 293.26 281.20 Td (would ) Tj ET Q q 0 0 0 rg BT 315.22 281.20 Td (have ) Tj ET Q q 0 0 0 rg BT 332.29 281.20 Td (been ) Tj ET Q q 0 0 0 rg BT 349.35 281.20 Td (received ) Tj ET Q q 0 0 0 rg BT 378.41 281.20 Td (by ) Tj ET Q q 0 0 0 rg BT 388.37 281.20 Td (the ) Tj ET Q q 0 0 0 rg BT 400.11 281.20 Td (option ) Tj ET Q q 0 0 0 rg BT 422.52 281.20 Td (holders ) Tj ET Q q 0 0 0 rg BT 448.03 281.20 Td (had ) Tj ET Q q 0 0 0 rg BT 461.55 281.20 Td (they ) Tj ET Q q 0 0 0 rg BT 477.28 281.20 Td (exercised ) Tj ET Q q 0 0 0 rg BT 509.45 281.20 Td (all ) Tj ET Q q 0 0 0 rg BT 519.41 281.20 Td (in-the-money ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 271.60 Td (options ) Tj ET Q q 0 0 0 rg BT 74.78 271.60 Td (as ) Tj ET Q q 0 0 0 rg BT 83.16 271.60 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.66 271.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 137.24 271.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 153.24 271.60 Td (. ) Tj ET Q q 0 0 0 rg BT 156.84 271.60 Td (This ) Tj ET Q q 0 0 0 rg BT 172.78 271.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 198.50 271.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 225.98 271.60 Td (based ) Tj ET Q q 0 0 0 rg BT 245.92 271.60 Td (on ) Tj ET Q q 0 0 0 rg BT 255.64 271.60 Td (the ) Tj ET Q q 0 0 0 rg BT 267.13 271.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 279.95 271.60 Td (value ) Tj ET Q q 0 0 0 rg BT 298.99 271.60 Td (of ) Tj ET Q q 0 0 0 rg BT 307.38 271.60 Td (our ) Tj ET Q q 0 0 0 rg BT 319.76 271.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 338.44 271.60 Td (A) Tj ET Q q 0 0 0 rg BT 343.77 271.60 Td ( ) Tj ET Q q 0 0 0 rg BT 345.49 271.60 Td (common ) Tj ET Q q 0 0 0 rg BT 375.21 271.60 Td (stock. ) Tj ET Q q 0 0 0 rg BT 395.44 271.60 Td (As ) Tj ET Q q 0 0 0 rg BT 406.05 271.60 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.54 271.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 460.13 271.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.13 271.60 Td (, ) Tj ET Q q 0 0 0 rg BT 479.85 271.60 Td (there ) Tj ET Q q 0 0 0 rg BT 497.55 271.60 Td (was ) Tj ET Q q 0 0 0 rg BT 511.72 271.60 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.66 271.60 Td (0.4 ) Tj ET Q q 0 0 0 rg BT 539.38 271.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 562.49 271.60 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 262.00 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 262.00 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 103.25 262.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 149.69 262.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 177.45 262.00 Td (related ) Tj ET Q q 0 0 0 rg BT 201.21 262.00 Td (to ) Tj ET Q q 0 0 0 rg BT 209.44 262.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 228.32 262.00 Td (options ) Tj ET Q q 0 0 0 rg BT 253.88 262.00 Td (which ) Tj ET Q q 0 0 0 rg BT 275.43 262.00 Td (is ) Tj ET Q q 0 0 0 rg BT 282.77 262.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 313.20 262.00 Td (to ) Tj ET Q q 0 0 0 rg BT 321.42 262.00 Td (be ) Tj ET Q q 0 0 0 rg BT 330.97 262.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 368.06 262.00 Td (over ) Tj ET Q q 0 0 0 rg BT 384.27 262.00 Td (a ) Tj ET Q q 0 0 0 rg BT 389.82 262.00 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 448.68 262.00 Td (period ) Tj ET Q q 0 0 0 rg BT 471.12 262.00 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.78 262.00 Td (0.7 ) Tj ET Q q 0 0 0 rg BT 491.78 262.00 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.66 262.00 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 246.40 Td (The following table summarizes information about stock option activity during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.56 246.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.56 246.40 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.56 246.40 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.56 246.40 Td (, and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.11 246.40 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.11 246.40 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 193.90 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 151.50 193.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 193.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 193.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 193.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 193.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 193.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 193.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 193.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 193.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 193.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 193.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 167.90 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 151.50 167.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 167.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 167.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 167.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 167.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 167.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 167.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 167.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 167.90 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 167.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 167.90 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 222.89999999999998 m 216.5 222.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 222.89999999999998 m 220.5 222.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 222.89999999999998 m 285.5 222.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 222.89999999999998 m 354.5 222.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 222.89999999999998 m 358.5 222.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 222.89999999999998 m 423.5 222.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 222.89999999999998 m 492.5 222.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 222.89999999999998 m 496.5 222.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 222.89999999999998 m 561.5 222.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 193.89999999999998 m 216.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 193.89999999999998 m 285.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 193.89999999999998 m 354.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 193.89999999999998 m 423.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 193.89999999999998 m 492.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 193.89999999999998 m 561.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 193.89999999999998 m 216.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 193.89999999999998 m 285.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 193.89999999999998 m 354.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 193.89999999999998 m 423.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 193.89999999999998 m 492.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 193.89999999999998 m 561.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 154.89999999999998 m 216.5 154.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 142.89999999999998 m 216.5 142.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 140.89999999999998 m 216.5 140.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 154.89999999999998 m 285.5 154.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 142.89999999999998 m 285.5 142.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 140.89999999999998 m 285.5 140.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 154.89999999999998 m 354.5 154.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 142.89999999999998 m 354.5 142.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 140.89999999999998 m 354.5 140.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 154.89999999999998 m 423.5 154.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 142.89999999999998 m 423.5 142.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 140.89999999999998 m 423.5 140.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 154.89999999999998 m 492.5 154.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 142.89999999999998 m 492.5 142.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 140.89999999999998 m 492.5 140.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 154.89999999999998 m 561.5 154.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 142.89999999999998 m 561.5 142.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 140.89999999999998 m 561.5 140.89999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 227.13 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.00 227.13 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.00 227.13 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.00 198.13 Td (Shar) Tj ET Q q 0 0 0 rg BT 206.38 198.13 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.55 214.13 Td (W) Tj ET Q q 0 0 0 rg BT 257.33 214.13 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.40 206.13 Td (A) Tj ET Q q 0 0 0 rg BT 228.88 206.13 Td (verage Exer) Tj ET Q q 0 0 0 rg BT 269.60 206.13 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.95 198.13 Td (Price \(per) Tj ET Q q 0 0 0 rg BT 258.85 198.13 Td ( shar) Tj ET Q q 0 0 0 rg BT 275.82 198.13 Td (e\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.00 198.13 Td (Shar) Tj ET Q q 0 0 0 rg BT 344.38 198.13 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.55 214.13 Td (W) Tj ET Q q 0 0 0 rg BT 395.33 214.13 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.40 206.13 Td (A) Tj ET Q q 0 0 0 rg BT 366.88 206.13 Td (verage Exer) Tj ET Q q 0 0 0 rg BT 407.60 206.13 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.95 198.13 Td (Price \(per) Tj ET Q q 0 0 0 rg BT 396.85 198.13 Td ( shar) Tj ET Q q 0 0 0 rg BT 413.82 198.13 Td (e\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 198.13 Td (Shar) Tj ET Q q 0 0 0 rg BT 482.38 198.13 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.55 214.13 Td (W) Tj ET Q q 0 0 0 rg BT 533.11 214.13 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.40 206.13 Td (A) Tj ET Q q 0 0 0 rg BT 504.58 206.13 Td (verage Exer) Tj ET Q q 0 0 0 rg BT 545.53 206.13 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.95 198.13 Td (Price \(per) Tj ET Q q 0 0 0 rg BT 534.78 198.13 Td ( shar) Tj ET Q q 0 0 0 rg BT 551.75 198.13 Td (e\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 185.13 Td (Outstanding at January 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.00 185.13 Td (2,01) Tj ET Q q 0 0 0 rg BT 195.00 185.13 Td (1,392) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.00 185.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.30 185.13 Td (2.32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.30 185.13 Td (2,01) Tj ET Q q 0 0 0 rg BT 333.30 185.13 Td (1,392) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.00 185.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.30 185.13 Td (2.32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.30 185.13 Td (1,666,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.00 185.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.30 185.13 Td (3.53) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 172.15 Td (A) Tj ET Q q 0 0 0 rg BT 63.41 172.15 Td (wards granted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.30 172.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.30 172.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 172.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 172.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 172.15 Td (41) Tj ET Q q 0 0 0 rg BT 471.30 172.15 Td (1,392) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 172.15 Td (2.46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 159.15 Td (A) Tj ET Q q 0 0 0 rg BT 63.04 159.15 Td (wards expired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.30 159.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.30 159.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 159.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 159.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 159.15 Td (\(66,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 159.15 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 159.15 Td (33.66) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 146.13 Td (Outstanding ) Tj ET Q q 0 0 0 rg BT 96.07 146.13 Td (at ) Tj ET Q q 0 0 0 rg BT 104.12 146.13 Td (December) Tj ET Q q 0 0 0 rg BT 138.62 146.13 Td ( ) Tj ET Q q 0 0 0 rg BT 140.00 146.13 Td (31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.00 146.13 Td (2,01) Tj ET Q q 0 0 0 rg BT 195.00 146.13 Td (1,392) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.00 146.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.30 146.13 Td (2.32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.30 146.13 Td (2,01) Tj ET Q q 0 0 0 rg BT 333.30 146.13 Td (1,392) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.00 146.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.30 146.13 Td (2.32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.30 146.13 Td (2,01) Tj ET Q q 0 0 0 rg BT 471.30 146.13 Td (1,392) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.00 146.13 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.30 146.13 Td (2.32) Tj ET Q BT /F1 8.00 Tf ET endstream endobj 133 0 obj <>] /Rotate 0 /Contents 134 0 R>> endobj 134 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (63) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 723.45 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 83.93 723.45 Td (Stock ) Tj ET Q q 0 0 0 rg BT 103.26 723.45 Td (Units ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 707.85 Td (Each ) Tj ET Q q 0 0 0 rg BT 67.92 707.85 Td (RSU ) Tj ET Q q 0 0 0 rg BT 85.92 707.85 Td (represents ) Tj ET Q q 0 0 0 rg BT 120.78 707.85 Td (a ) Tj ET Q q 0 0 0 rg BT 126.76 707.85 Td (right ) Tj ET Q q 0 0 0 rg BT 144.30 707.85 Td (to ) Tj ET Q q 0 0 0 rg BT 152.96 707.85 Td (receive ) Tj ET Q q 0 0 0 rg BT 178.48 707.85 Td (one ) Tj ET Q q 0 0 0 rg BT 192.46 707.85 Td (share ) Tj ET Q q 0 0 0 rg BT 211.78 707.85 Td (of ) Tj ET Q q 0 0 0 rg BT 220.87 707.85 Td (Class ) Tj ET Q q 0 0 0 rg BT 240.10 707.85 Td (A) Tj ET Q q 0 0 0 rg BT 245.44 707.85 Td ( ) Tj ET Q q 0 0 0 rg BT 247.87 707.85 Td (common ) Tj ET Q q 0 0 0 rg BT 278.30 707.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 297.62 707.85 Td (of ) Tj ET Q q 0 0 0 rg BT 306.72 707.85 Td (the ) Tj ET Q q 0 0 0 rg BT 318.92 707.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 352.47 707.85 Td (for ) Tj ET Q q 0 0 0 rg BT 364.23 707.85 Td (each ) Tj ET Q q 0 0 0 rg BT 381.31 707.85 Td (RSU ) Tj ET Q q 0 0 0 rg BT 399.31 707.85 Td (that ) Tj ET Q q 0 0 0 rg BT 413.74 707.85 Td (vests ) Tj ET Q q 0 0 0 rg BT 432.17 707.85 Td (in ) Tj ET Q q 0 0 0 rg BT 440.82 707.85 Td (accordance ) Tj ET Q q 0 0 0 rg BT 479.22 707.85 Td (with ) Tj ET Q q 0 0 0 rg BT 495.88 707.85 Td (a ) Tj ET Q q 0 0 0 rg BT 501.86 707.85 Td (time-based ) Tj ET Q q 0 0 0 rg BT 539.39 707.85 Td (vesting ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.25 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 81.84 698.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 113.96 698.25 Td (between ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.96 698.25 Td (one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 154.51 698.25 Td ( ) Tj ET Q q 0 0 0 rg BT 156.87 698.25 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 165.44 698.25 Td (four) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.77 698.25 Td ( ) Tj ET Q q 0 0 0 rg BT 181.13 698.25 Td (years ) Tj ET Q q 0 0 0 rg BT 200.36 698.25 Td (from ) Tj ET Q q 0 0 0 rg BT 218.26 698.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.39 698.25 Td (date ) Tj ET Q q 0 0 0 rg BT 246.07 698.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.08 698.25 Td (grant. ) Tj ET Q q 0 0 0 rg BT 275.88 698.25 Td (Holders ) Tj ET Q q 0 0 0 rg BT 303.56 698.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.57 698.25 Td (RSU ) Tj ET Q q 0 0 0 rg BT 330.49 698.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 355.50 698.25 Td (are ) Tj ET Q q 0 0 0 rg BT 367.62 698.25 Td (not ) Tj ET Q q 0 0 0 rg BT 380.20 698.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 406.54 698.25 Td (to ) Tj ET Q q 0 0 0 rg BT 415.12 698.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 440.56 698.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 457.13 698.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 487.48 698.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 526.27 698.25 Td (and ) Tj ET Q q 0 0 0 rg BT 540.17 698.25 Td (are ) Tj ET Q q 0 0 0 rg BT 552.29 698.25 Td (not ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 688.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 75.49 688.65 Td (to ) Tj ET Q q 0 0 0 rg BT 83.71 688.65 Td (vote.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 673.05 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 673.05 Td (following ) Tj ET Q q 0 0 0 rg BT 97.05 673.05 Td (table ) Tj ET Q q 0 0 0 rg BT 114.59 673.05 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 154.80 673.05 Td (information ) Tj ET Q q 0 0 0 rg BT 194.57 673.05 Td (about ) Tj ET Q q 0 0 0 rg BT 214.35 673.05 Td (unvested ) Tj ET Q q 0 0 0 rg BT 244.79 673.05 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 265.46 673.05 Td (as ) Tj ET Q q 0 0 0 rg BT 274.13 673.05 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.90 673.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 328.77 673.05 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.77 673.05 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 641.55 308.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 641.55 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 641.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 641.55 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 615.55 308.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 615.55 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 615.55 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 615.55 100.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 641.55 m 457.5 641.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 641.55 m 561.5 641.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 641.55 m 457.5 641.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 641.55 m 561.5 641.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 602.55 m 457.5 602.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 590.55 m 457.5 590.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 588.55 m 457.5 588.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 602.55 m 561.5 602.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 590.55 m 561.5 590.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 588.55 m 561.5 588.55 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.00 653.78 Td (Number) Tj ET Q q 0 0 0 rg BT 445.30 653.78 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.55 645.78 Td (Shar) Tj ET Q q 0 0 0 rg BT 422.85 645.78 Td (es / Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.05 653.78 Td (W) Tj ET Q q 0 0 0 rg BT 502.61 653.78 Td (eighted-A) Tj ET Q q 0 0 0 rg BT 535.34 653.78 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.45 645.78 Td (GrantDate Fair) Tj ET Q q 0 0 0 rg BT 536.84 645.78 Td ( ) Tj ET Q q 0 0 0 rg BT 538.70 645.78 Td (V) Tj ET Q q 0 0 0 rg BT 543.74 645.78 Td (alue ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 633.23 Td (Unvested at December) Tj ET Q q 0 0 0 rg BT 128.79 633.23 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.30 632.78 Td (1,974,954) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.00 632.78 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.30 632.78 Td (3.21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 620.15 Td (Granted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 619.80 Td (962,369) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 619.80 Td (4.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 607.15 Td (V) Tj ET Q q 0 0 0 rg BT 62.89 607.15 Td (ested) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.60 606.80 Td (\(940,968) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.30 606.80 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 606.80 Td (3.31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 594.23 Td (Unvested at December) Tj ET Q q 0 0 0 rg BT 128.72 594.23 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.30 593.78 Td (1,996,355) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.00 593.78 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.30 593.78 Td (3.68) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 574.45 Td (The ) Tj ET Q q 0 0 0 rg BT 64.72 574.45 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 93.73 574.45 Td (value ) Tj ET Q q 0 0 0 rg BT 113.84 574.45 Td (of ) Tj ET Q q 0 0 0 rg BT 123.29 574.45 Td (unvested ) Tj ET Q q 0 0 0 rg BT 154.52 574.45 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 175.98 574.45 Td (was ) Tj ET Q q 0 0 0 rg BT 191.21 574.45 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.22 574.45 Td (5.5 ) Tj ET Q q 0 0 0 rg BT 221.01 574.45 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.12 574.45 Td ( ) Tj ET Q q 0 0 0 rg BT 246.91 574.45 Td (as ) Tj ET Q q 0 0 0 rg BT 256.36 574.45 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.92 574.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 312.58 574.45 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.58 574.45 Td (. ) Tj ET Q q 0 0 0 rg BT 333.16 574.45 Td (T) Tj ET Q q 0 0 0 rg BT 337.49 574.45 Td (otal ) Tj ET Q q 0 0 0 rg BT 352.27 574.45 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 398.15 574.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 445.37 574.45 Td (cost ) Tj ET Q q 0 0 0 rg BT 461.04 574.45 Td (related ) Tj ET Q q 0 0 0 rg BT 485.59 574.45 Td (to ) Tj ET Q q 0 0 0 rg BT 494.60 574.45 Td (unvested ) Tj ET Q q 0 0 0 rg BT 525.83 574.45 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 547.29 574.45 Td (as ) Tj ET Q q 0 0 0 rg BT 556.74 574.45 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 564.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.37 564.85 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 112.37 564.85 Td ( ) Tj ET Q q 0 0 0 rg BT 114.37 564.85 Td (was ) Tj ET Q q 0 0 0 rg BT 128.81 564.85 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 145.04 564.85 Td (5.2 ) Tj ET Q q 0 0 0 rg BT 157.04 564.85 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 180.15 564.85 Td ( ) Tj ET Q q 0 0 0 rg BT 182.15 564.85 Td (and ) Tj ET Q q 0 0 0 rg BT 195.70 564.85 Td (is ) Tj ET Q q 0 0 0 rg BT 203.04 564.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 233.46 564.85 Td (to ) Tj ET Q q 0 0 0 rg BT 241.68 564.85 Td (be ) Tj ET Q q 0 0 0 rg BT 251.23 564.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 288.32 564.85 Td (over ) Tj ET Q q 0 0 0 rg BT 304.54 564.85 Td (a ) Tj ET Q q 0 0 0 rg BT 310.09 564.85 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 368.95 564.85 Td (period ) Tj ET Q q 0 0 0 rg BT 391.38 564.85 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.05 564.85 Td (2.5 ) Tj ET Q q 0 0 0 rg BT 412.05 564.85 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.93 564.85 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 546.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 83.93 546.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 103.26 546.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 122.59 546.25 Td (with ) Tj ET Q q 0 0 0 rg BT 138.38 546.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 182.14 546.25 Td (Conditions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 530.65 Td (Each ) Tj ET Q q 0 0 0 rg BT 67.51 530.65 Td (RSU ) Tj ET Q q 0 0 0 rg BT 85.10 530.65 Td (with ) Tj ET Q q 0 0 0 rg BT 101.35 530.65 Td (performance ) Tj ET Q q 0 0 0 rg BT 143.80 530.65 Td (conditions ) Tj ET Q q 0 0 0 rg BT 179.16 530.65 Td (\(PRSU\) ) Tj ET Q q 0 0 0 rg BT 213.62 530.65 Td (represents ) Tj ET Q q 0 0 0 rg BT 248.08 530.65 Td (a ) Tj ET Q q 0 0 0 rg BT 253.66 530.65 Td (right ) Tj ET Q q 0 0 0 rg BT 270.79 530.65 Td (to ) Tj ET Q q 0 0 0 rg BT 279.04 530.65 Td (receive ) Tj ET Q q 0 0 0 rg BT 304.16 530.65 Td (one ) Tj ET Q q 0 0 0 rg BT 317.73 530.65 Td (share ) Tj ET Q q 0 0 0 rg BT 336.64 530.65 Td (of ) Tj ET Q q 0 0 0 rg BT 345.33 530.65 Td (Class ) Tj ET Q q 0 0 0 rg BT 364.25 530.65 Td (A) Tj ET Q q 0 0 0 rg BT 369.58 530.65 Td ( ) Tj ET Q q 0 0 0 rg BT 371.61 530.65 Td (common ) Tj ET Q q 0 0 0 rg BT 401.63 530.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 420.54 530.65 Td (of ) Tj ET Q q 0 0 0 rg BT 429.23 530.65 Td (the ) Tj ET Q q 0 0 0 rg BT 441.03 530.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 474.17 530.65 Td (for ) Tj ET Q q 0 0 0 rg BT 485.52 530.65 Td (each ) Tj ET Q q 0 0 0 rg BT 502.20 530.65 Td (PRSU ) Tj ET Q q 0 0 0 rg BT 524.24 530.65 Td (that ) Tj ET Q q 0 0 0 rg BT 538.26 530.65 Td (vests ) Tj ET Q q 0 0 0 rg BT 556.29 530.65 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 521.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 87.36 521.05 Td (with ) Tj ET Q q 0 0 0 rg BT 103.47 521.05 Td (a ) Tj ET Q q 0 0 0 rg BT 108.91 521.05 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 172.09 521.05 Td (vesting ) Tj ET Q q 0 0 0 rg BT 197.09 521.05 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 228.97 521.05 Td (based ) Tj ET Q q 0 0 0 rg BT 249.07 521.05 Td (on ) Tj ET Q q 0 0 0 rg BT 258.96 521.05 Td (meeting ) Tj ET Q q 0 0 0 rg BT 286.62 521.05 Td (specified ) Tj ET Q q 0 0 0 rg BT 317.38 521.05 Td (objectives ) Tj ET Q q 0 0 0 rg BT 351.71 521.05 Td (for ) Tj ET Q q 0 0 0 rg BT 362.92 521.05 Td (unlevered ) Tj ET Q q 0 0 0 rg BT 396.35 521.05 Td (free ) Tj ET Q q 0 0 0 rg BT 410.67 521.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 426.77 521.05 Td (flow ) Tj ET Q q 0 0 0 rg BT 443.32 521.05 Td (and ) Tj ET Q q 0 0 0 rg BT 456.76 521.05 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 481.65 521.05 Td ( ) Tj ET Q q 0 0 0 rg BT 483.54 521.05 Td (over ) Tj ET Q q 0 0 0 rg BT 499.65 521.05 Td (defined ) Tj ET Q q 0 0 0 rg BT 525.52 521.05 Td (periods ) Tj ET Q q 0 0 0 rg BT 550.96 521.05 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 511.45 Td (by ) Tj ET Q q 0 0 0 rg BT 59.50 511.45 Td (defined ) Tj ET Q q 0 0 0 rg BT 85.49 511.45 Td (dates. ) Tj ET Q q 0 0 0 rg BT 105.93 511.45 Td (Holders ) Tj ET Q q 0 0 0 rg BT 133.25 511.45 Td (of ) Tj ET Q q 0 0 0 rg BT 141.92 511.45 Td (PRSU ) Tj ET Q q 0 0 0 rg BT 163.93 511.45 Td (awards ) Tj ET Q q 0 0 0 rg BT 188.59 511.45 Td (are ) Tj ET Q q 0 0 0 rg BT 200.35 511.45 Td (not ) Tj ET Q q 0 0 0 rg BT 212.57 511.45 Td (entitled ) Tj ET Q q 0 0 0 rg BT 238.57 511.45 Td (to ) Tj ET Q q 0 0 0 rg BT 246.79 511.45 Td (receive ) Tj ET Q q 0 0 0 rg BT 271.88 511.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 288.09 511.45 Td (dividend ) Tj ET Q q 0 0 0 rg BT 318.09 511.45 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 356.52 511.45 Td (and ) Tj ET Q q 0 0 0 rg BT 370.07 511.45 Td (are ) Tj ET Q q 0 0 0 rg BT 381.84 511.45 Td (not ) Tj ET Q q 0 0 0 rg BT 394.06 511.45 Td (entitled ) Tj ET Q q 0 0 0 rg BT 420.05 511.45 Td (to ) Tj ET Q q 0 0 0 rg BT 428.28 511.45 Td (vote. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 495.85 Td (Under ) Tj ET Q q 0 0 0 rg BT 71.85 495.85 Td (the ) Tj ET Q q 0 0 0 rg BT 83.99 495.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 102.35 495.85 Td (PRSU ) Tj ET Q q 0 0 0 rg BT 124.21 495.85 Td (A) Tj ET Q q 0 0 0 rg BT 129.25 495.85 Td (ward, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 149.60 495.85 Td (239,703) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.60 495.85 Td ( ) Tj ET Q q 0 0 0 rg BT 177.96 495.85 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 203.45 495.85 Td (vested ) Tj ET Q q 0 0 0 rg BT 226.25 495.85 Td (in ) Tj ET Q q 0 0 0 rg BT 234.84 495.85 Td (March ) Tj ET Q q 0 0 0 rg BT 258.08 495.85 Td (2018. ) Tj ET Q q 0 0 0 rg BT 278.27 495.85 Td (The ) Tj ET Q q 0 0 0 rg BT 293.07 495.85 Td (completion ) Tj ET Q q 0 0 0 rg BT 331.42 495.85 Td (of ) Tj ET Q q 0 0 0 rg BT 340.45 495.85 Td (the ) Tj ET Q q 0 0 0 rg BT 352.59 495.85 Td (sale ) Tj ET Q q 0 0 0 rg BT 367.39 495.85 Td (of ) Tj ET Q q 0 0 0 rg BT 376.41 495.85 Td (the ) Tj ET Q q 0 0 0 rg BT 388.55 495.85 Td (Company's ) Tj ET Q q 0 0 0 rg BT 426.57 495.85 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 456.48 495.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 492.17 495.85 Td (in ) Tj ET Q q 0 0 0 rg BT 500.75 495.85 Td (July ) Tj ET Q q 0 0 0 rg BT 516.45 495.85 Td (resulted ) Tj ET Q q 0 0 0 rg BT 544.14 495.85 Td (in ) Tj ET Q q 0 0 0 rg BT 552.72 495.85 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 486.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 74.21 486.25 Td (of ) Tj ET Q q 0 0 0 rg BT 82.48 486.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.86 486.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 127.90 486.25 Td (unvested ) Tj ET Q q 0 0 0 rg BT 157.94 486.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 175.54 486.25 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 200.27 486.25 Td (together ) Tj ET Q q 0 0 0 rg BT 228.09 486.25 Td (with ) Tj ET Q q 0 0 0 rg BT 243.92 486.25 Td (an ) Tj ET Q q 0 0 0 rg BT 253.07 486.25 Td (additional ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.67 486.25 Td (461,188) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.67 486.25 Td ( ) Tj ET Q q 0 0 0 rg BT 314.27 486.25 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 339.00 486.25 Td (that ) Tj ET Q q 0 0 0 rg BT 352.60 486.25 Td (were ) Tj ET Q q 0 0 0 rg BT 369.75 486.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 395.34 486.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.50 486.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 450.09 486.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 472.13 486.25 Td (in ) Tj ET Q q 0 0 0 rg BT 479.96 486.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 517.53 486.25 Td (with ) Tj ET Q q 0 0 0 rg BT 533.36 486.25 Td (the ) Tj ET Q q 0 0 0 rg BT 544.74 486.25 Td (terms ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 476.65 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 476.65 Td (the ) Tj ET Q q 0 0 0 rg BT 69.94 476.65 Td (2015 ) Tj ET Q q 0 0 0 rg BT 87.94 476.65 Td (PRSU ) Tj ET Q q 0 0 0 rg BT 109.51 476.65 Td (A) Tj ET Q q 0 0 0 rg BT 114.55 476.65 Td (ward ) Tj ET Q q 0 0 0 rg BT 132.54 476.65 Td (agreement. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 461.05 Td (On ) Tj ET Q q 0 0 0 rg BT 60.74 461.05 Td (December ) Tj ET Q q 0 0 0 rg BT 95.08 461.05 Td (4, ) Tj ET Q q 0 0 0 rg BT 102.54 461.05 Td (2018, ) Tj ET Q q 0 0 0 rg BT 122.01 461.05 Td (the ) Tj ET Q q 0 0 0 rg BT 133.25 461.05 Td (2018 ) Tj ET Q q 0 0 0 rg BT 150.72 461.05 Td (PRSU ) Tj ET Q q 0 0 0 rg BT 171.87 461.05 Td (A) Tj ET Q q 0 0 0 rg BT 176.92 461.05 Td (ward ) Tj ET Q q 0 0 0 rg BT 194.38 461.05 Td (was ) Tj ET Q q 0 0 0 rg BT 208.28 461.05 Td (granted ) Tj ET Q q 0 0 0 rg BT 233.74 461.05 Td (with ) Tj ET Q q 0 0 0 rg BT 249.43 461.05 Td (unlevered ) Tj ET Q q 0 0 0 rg BT 282.43 461.05 Td (free ) Tj ET Q q 0 0 0 rg BT 296.33 461.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 312.01 461.05 Td (flow ) Tj ET Q q 0 0 0 rg BT 328.14 461.05 Td (and ) Tj ET Q q 0 0 0 rg BT 341.16 461.05 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 366.05 461.05 Td ( ) Tj ET Q q 0 0 0 rg BT 367.52 461.05 Td (tar) Tj ET Q q 0 0 0 rg BT 375.81 461.05 Td (gets ) Tj ET Q q 0 0 0 rg BT 390.16 461.05 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 437.40 461.05 Td (to ) Tj ET Q q 0 0 0 rg BT 445.09 461.05 Td (two, ) Tj ET Q q 0 0 0 rg BT 460.55 461.05 Td (three ) Tj ET Q q 0 0 0 rg BT 478.01 461.05 Td (and ) Tj ET Q q 0 0 0 rg BT 491.03 461.05 Td (four) Tj ET Q q 0 0 0 rg BT 504.19 461.05 Td (-year ) Tj ET Q q 0 0 0 rg BT 522.09 461.05 Td (performance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 451.45 Td (periods ) Tj ET Q q 0 0 0 rg BT 75.29 451.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 96.63 451.45 Td (December ) Tj ET Q q 0 0 0 rg BT 131.73 451.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 143.97 451.45 Td (2020, ) Tj ET Q q 0 0 0 rg BT 164.21 451.45 Td (2021 ) Tj ET Q q 0 0 0 rg BT 182.45 451.45 Td (and ) Tj ET Q q 0 0 0 rg BT 196.24 451.45 Td (2022, ) Tj ET Q q 0 0 0 rg BT 216.48 451.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 254.61 451.45 Td (. ) Tj ET Q q 0 0 0 rg BT 258.68 451.45 Td (The ) Tj ET Q q 0 0 0 rg BT 273.36 451.45 Td (maximum ) Tj ET Q q 0 0 0 rg BT 308.04 451.45 Td (achievement ) Tj ET Q q 0 0 0 rg BT 350.70 451.45 Td (under ) Tj ET Q q 0 0 0 rg BT 371.15 451.45 Td (the ) Tj ET Q q 0 0 0 rg BT 383.16 451.45 Td (2018 ) Tj ET Q q 0 0 0 rg BT 401.40 451.45 Td (PRSU ) Tj ET Q q 0 0 0 rg BT 423.16 451.45 Td (A) Tj ET Q q 0 0 0 rg BT 428.20 451.45 Td (ward ) Tj ET Q q 0 0 0 rg BT 446.43 451.45 Td (is ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.00 451.45 Td (200%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.67 451.45 Td ( ) Tj ET Q q 0 0 0 rg BT 474.91 451.45 Td (of ) Tj ET Q q 0 0 0 rg BT 483.81 451.45 Td (the ) Tj ET Q q 0 0 0 rg BT 495.82 451.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 518.05 451.45 Td (allotted ) Tj ET Q q 0 0 0 rg BT 544.28 451.45 Td (to ) Tj ET Q q 0 0 0 rg BT 552.74 451.45 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 441.85 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 96.31 441.85 Td (tar) Tj ET Q q 0 0 0 rg BT 104.60 441.85 Td (get. ) Tj ET Q q 0 0 0 rg BT 117.42 441.85 Td (Due ) Tj ET Q q 0 0 0 rg BT 131.80 441.85 Td (to ) Tj ET Q q 0 0 0 rg BT 139.07 441.85 Td (the ) Tj ET Q q 0 0 0 rg BT 149.89 441.85 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 186.92 441.85 Td (of ) Tj ET Q q 0 0 0 rg BT 194.63 441.85 Td (achieving ) Tj ET Q q 0 0 0 rg BT 226.77 441.85 Td (any ) Tj ET Q q 0 0 0 rg BT 239.37 441.85 Td (of ) Tj ET Q q 0 0 0 rg BT 247.08 441.85 Td (the ) Tj ET Q q 0 0 0 rg BT 257.90 441.85 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 292.26 441.85 Td (tar) Tj ET Q q 0 0 0 rg BT 300.55 441.85 Td (gets ) Tj ET Q q 0 0 0 rg BT 314.48 441.85 Td (within ) Tj ET Q q 0 0 0 rg BT 335.97 441.85 Td (the ) Tj ET Q q 0 0 0 rg BT 346.79 441.85 Td (2018 ) Tj ET Q q 0 0 0 rg BT 363.84 441.85 Td (PRSU ) Tj ET Q q 0 0 0 rg BT 384.67 441.85 Td (A) Tj ET Q q 0 0 0 rg BT 389.71 441.85 Td (ward, ) Tj ET Q q 0 0 0 rg BT 408.75 441.85 Td (we ) Tj ET Q q 0 0 0 rg BT 419.12 441.85 Td (have ) Tj ET Q q 0 0 0 rg BT 435.27 441.85 Td (not ) Tj ET Q q 0 0 0 rg BT 446.54 441.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 482.67 441.85 Td (any ) Tj ET Q q 0 0 0 rg BT 495.27 441.85 Td (related ) Tj ET Q q 0 0 0 rg BT 518.08 441.85 Td (compensation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 432.25 Td (cost.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 416.65 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 416.65 Td (following ) Tj ET Q q 0 0 0 rg BT 97.05 416.65 Td (table ) Tj ET Q q 0 0 0 rg BT 114.59 416.65 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 154.80 416.65 Td (information ) Tj ET Q q 0 0 0 rg BT 194.57 416.65 Td (about ) Tj ET Q q 0 0 0 rg BT 214.35 416.65 Td (unvested ) Tj ET Q q 0 0 0 rg BT 244.79 416.65 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 269.91 416.65 Td (as ) Tj ET Q q 0 0 0 rg BT 278.57 416.65 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.35 416.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 333.21 416.65 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.21 416.65 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 385.15 308.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 385.15 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 385.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 385.15 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 359.15 308.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 359.15 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 359.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 359.15 100.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 385.15 m 457.5 385.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 385.15 m 561.5 385.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 385.15 m 457.5 385.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 385.15 m 561.5 385.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 346.15 m 457.5 346.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 346.15 m 561.5 346.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 346.15 m 457.5 346.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 334.15 m 457.5 334.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 332.15 m 457.5 332.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 346.15 m 561.5 346.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 334.15 m 561.5 334.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 332.15 m 561.5 332.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.00 397.38 Td (Number) Tj ET Q q 0 0 0 rg BT 445.30 397.38 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.55 389.38 Td (Shar) Tj ET Q q 0 0 0 rg BT 422.85 389.38 Td (es / Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.05 397.38 Td (W) Tj ET Q q 0 0 0 rg BT 502.61 397.38 Td (eighted-A) Tj ET Q q 0 0 0 rg BT 535.34 397.38 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.45 389.38 Td (GrantDate Fair) Tj ET Q q 0 0 0 rg BT 536.84 389.38 Td ( ) Tj ET Q q 0 0 0 rg BT 538.70 389.38 Td (V) Tj ET Q q 0 0 0 rg BT 543.74 389.38 Td (alue ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 376.83 Td (Unvested at December) Tj ET Q q 0 0 0 rg BT 128.79 376.83 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.30 376.38 Td (719,109) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.00 376.38 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.30 376.38 Td (2.67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 363.75 Td (Granted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 363.40 Td (962,760) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 363.40 Td (3.52) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 350.75 Td (V) Tj ET Q q 0 0 0 rg BT 62.89 350.75 Td (ested) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.60 350.40 Td (\(1,180,297) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.30 350.40 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 350.40 Td (3.14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 337.83 Td (Unvested at December) Tj ET Q q 0 0 0 rg BT 128.72 337.83 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.30 337.38 Td (501,572) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.00 337.38 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.30 337.38 Td (3.19) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 318.05 Td (The ) Tj ET Q q 0 0 0 rg BT 64.34 318.05 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 92.95 318.05 Td (value ) Tj ET Q q 0 0 0 rg BT 112.68 318.05 Td (of ) Tj ET Q q 0 0 0 rg BT 121.74 318.05 Td (unvested ) Tj ET Q q 0 0 0 rg BT 152.57 318.05 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 178.10 318.05 Td (was ) Tj ET Q q 0 0 0 rg BT 192.94 318.05 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.56 318.05 Td (1.4 ) Tj ET Q q 0 0 0 rg BT 221.96 318.05 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.07 318.05 Td ( ) Tj ET Q q 0 0 0 rg BT 247.47 318.05 Td (as ) Tj ET Q q 0 0 0 rg BT 256.54 318.05 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.71 318.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 311.97 318.05 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.97 318.05 Td (. ) Tj ET Q q 0 0 0 rg BT 332.20 318.05 Td (T) Tj ET Q q 0 0 0 rg BT 336.53 318.05 Td (otal ) Tj ET Q q 0 0 0 rg BT 350.92 318.05 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 396.41 318.05 Td (compensation ) Tj ET Q q 0 0 0 rg BT 443.24 318.05 Td (cost ) Tj ET Q q 0 0 0 rg BT 458.53 318.05 Td (related ) Tj ET Q q 0 0 0 rg BT 482.69 318.05 Td (to ) Tj ET Q q 0 0 0 rg BT 491.31 318.05 Td (unvested ) Tj ET Q q 0 0 0 rg BT 522.14 318.05 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 547.67 318.05 Td (as ) Tj ET Q q 0 0 0 rg BT 556.73 318.05 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 308.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.37 308.45 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 112.37 308.45 Td ( ) Tj ET Q q 0 0 0 rg BT 114.37 308.45 Td (was ) Tj ET Q q 0 0 0 rg BT 128.81 308.45 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 145.04 308.45 Td (1.6 ) Tj ET Q q 0 0 0 rg BT 157.04 308.45 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 180.15 308.45 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 286.85 Td (18. ) Tj ET Q q 0 0 0 rg BT 67.50 286.85 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 103.13 286.85 Td (T) Tj ET Q q 0 0 0 rg BT 107.88 286.85 Td (AXES) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 271.25 Td (As ) Tj ET Q q 0 0 0 rg BT 60.59 271.25 Td (our ) Tj ET Q q 0 0 0 rg BT 73.46 271.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 113.89 271.25 Td (are ) Tj ET Q q 0 0 0 rg BT 125.86 271.25 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 174.72 271.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 198.25 271.25 Td (by ) Tj ET Q q 0 0 0 rg BT 208.45 271.25 Td (Dutch ) Tj ET Q q 0 0 0 rg BT 230.21 271.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 256.86 271.25 Td (companies, ) Tj ET Q q 0 0 0 rg BT 295.27 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.25 271.25 Td (components ) Tj ET Q q 0 0 0 rg BT 348.11 271.25 Td (of ) Tj ET Q q 0 0 0 rg BT 356.98 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.96 271.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 401.39 271.25 Td (for ) Tj ET Q q 0 0 0 rg BT 412.92 271.25 Td (income ) Tj ET Q q 0 0 0 rg BT 438.67 271.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 457.31 271.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.07 271.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.93 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.91 271.25 Td (income ) Tj ET Q q 0 0 0 rg BT 517.66 271.25 Td (/ ) Tj ET Q q 0 0 0 rg BT 522.09 271.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 542.07 271.25 Td (before ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 261.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 62.16 261.65 Td (have ) Tj ET Q q 0 0 0 rg BT 80.14 261.65 Td (been ) Tj ET Q q 0 0 0 rg BT 98.12 261.65 Td (analyzed ) Tj ET Q q 0 0 0 rg BT 129.43 261.65 Td (between ) Tj ET Q q 0 0 0 rg BT 158.96 261.65 Td (their ) Tj ET Q q 0 0 0 rg BT 176.51 261.65 Td (Netherlands ) Tj ET Q q 0 0 0 rg BT 218.04 261.65 Td (and ) Tj ET Q q 0 0 0 rg BT 232.47 261.65 Td (non-Netherlands ) Tj ET Q q 0 0 0 rg BT 288.67 261.65 Td (components. ) Tj ET Q q 0 0 0 rg BT 332.21 261.65 Td (Similarly ) Tj ET Q q 0 0 0 rg BT 364.87 261.65 Td (the ) Tj ET Q q 0 0 0 rg BT 377.53 261.65 Td (Dutch ) Tj ET Q q 0 0 0 rg BT 399.96 261.65 Td (corporate ) Tj ET Q q 0 0 0 rg BT 433.04 261.65 Td (income ) Tj ET Q q 0 0 0 rg BT 459.47 261.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 472.13 261.65 Td (rates ) Tj ET Q q 0 0 0 rg BT 490.11 261.65 Td (have ) Tj ET Q q 0 0 0 rg BT 508.10 261.65 Td (been ) Tj ET Q q 0 0 0 rg BT 526.08 261.65 Td (used ) Tj ET Q q 0 0 0 rg BT 543.63 261.65 Td (in ) Tj ET Q q 0 0 0 rg BT 552.73 261.65 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 252.05 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 95.48 252.05 Td (of ) Tj ET Q q 0 0 0 rg BT 104.14 252.05 Td (income ) Tj ET Q q 0 0 0 rg BT 129.69 252.05 Td (taxes.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 233.45 Td (Income ) Tj ET Q q 0 0 0 rg BT 75.04 233.45 Td (/ ) Tj ET Q q 0 0 0 rg BT 79.27 233.45 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 99.04 233.45 Td (fr) Tj ET Q q 0 0 0 rg BT 104.08 233.45 Td (om ) Tj ET Q q 0 0 0 rg BT 115.86 233.45 Td (continuing ) Tj ET Q q 0 0 0 rg BT 152.08 233.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 188.30 233.45 Td (befor) Tj ET Q q 0 0 0 rg BT 204.89 233.45 Td (e ) Tj ET Q q 0 0 0 rg BT 210.44 233.45 Td (income ) Tj ET Q q 0 0 0 rg BT 235.54 233.45 Td (taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 217.85 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 217.85 Td (Netherlands ) Tj ET Q q 0 0 0 rg BT 104.59 217.85 Td (and ) Tj ET Q q 0 0 0 rg BT 118.14 217.85 Td (non-Netherlands ) Tj ET Q q 0 0 0 rg BT 173.46 217.85 Td (components ) Tj ET Q q 0 0 0 rg BT 214.12 217.85 Td (of ) Tj ET Q q 0 0 0 rg BT 222.78 217.85 Td (income ) Tj ET Q q 0 0 0 rg BT 248.33 217.85 Td (/ ) Tj ET Q q 0 0 0 rg BT 252.55 217.85 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 272.33 217.85 Td (from ) Tj ET Q q 0 0 0 rg BT 289.88 217.85 Td (continuing ) Tj ET Q q 0 0 0 rg BT 326.10 217.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 361.42 217.85 Td (before ) Tj ET Q q 0 0 0 rg BT 383.85 217.85 Td (income ) Tj ET Q q 0 0 0 rg BT 409.40 217.85 Td (taxes ) Tj ET Q q 0 0 0 rg BT 427.84 217.85 Td (are:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 181.35 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 181.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 181.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 181.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 181.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 181.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 155.35 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 155.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 155.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 155.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 155.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 155.35 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 194.35000000000002 m 434 194.35000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 194.35000000000002 m 438 194.35000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 194.35000000000002 m 498 194.35000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 194.35000000000002 m 502 194.35000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 194.35000000000002 m 562 194.35000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 194.35000000000002 m 434 194.35000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 181.35000000000002 m 434 181.35000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 194.35000000000002 m 498 194.35000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 181.35000000000002 m 498 181.35000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 194.35000000000002 m 562 194.35000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 181.35000000000002 m 562 181.35000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 181.35000000000002 m 434 181.35000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 181.35000000000002 m 498 181.35000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 181.35000000000002 m 562 181.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 155.35000000000002 m 434 155.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 143.35000000000002 m 434 143.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 141.35000000000002 m 434 141.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 155.35000000000002 m 498 155.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 143.35000000000002 m 498 143.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 141.35000000000002 m 498 141.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 155.35000000000002 m 562 155.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 143.35000000000002 m 562 143.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 141.35000000000002 m 562 141.35000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.60 198.58 Td (For) Tj ET Q q 0 0 0 rg BT 420.89 198.58 Td ( ) Tj ET Q q 0 0 0 rg BT 422.75 198.58 Td (The ) Tj ET Q q 0 0 0 rg BT 437.79 198.58 Td (Y) Tj ET Q q 0 0 0 rg BT 442.68 198.58 Td (ear) Tj ET Q q 0 0 0 rg BT 453.64 198.58 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 514.37 198.58 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 185.58 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.50 185.58 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 185.58 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 172.60 Td (Domestic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 172.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.10 172.60 Td (\(38,434) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 172.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.50 172.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.10 172.60 Td (\(50,344) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 172.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.50 172.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 172.60 Td (\(66,517) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 172.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 159.60 Td (Foreign) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 159.60 Td (163,327) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 159.60 Td (123,91) Tj ET Q q 0 0 0 rg BT 490.80 159.60 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 159.60 Td (\(106,523) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 159.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 146.58 Td (T) Tj ET Q q 0 0 0 rg BT 56.10 146.58 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 146.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 146.58 Td (124,893) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.50 146.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 146.58 Td (73,567) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.50 146.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 146.58 Td (\(173,040) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 146.58 Td (\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 127.25 Td (T) Tj ET Q q 0 0 0 rg BT 53.83 127.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 67.82 127.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 79.60 127.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 111.82 127.25 Td (for ) Tj ET Q q 0 0 0 rg BT 123.15 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.92 127.25 Td (years ) Tj ET Q q 0 0 0 rg BT 153.80 127.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 174.90 127.25 Td (December ) Tj ET Q q 0 0 0 rg BT 209.77 127.25 Td (31, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.77 127.25 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.77 127.25 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.77 127.25 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.77 127.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.77 127.25 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.32 127.25 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.32 127.25 Td ( ) Tj ET Q q 0 0 0 rg BT 291.32 127.25 Td (was ) Tj ET Q q 0 0 0 rg BT 305.76 127.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 336.63 127.25 Td (as ) Tj ET Q q 0 0 0 rg BT 345.30 127.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 90.75 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 90.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 90.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 90.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 90.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 90.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 64.75 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 64.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 64.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 64.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 64.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 64.75 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 103.75 m 434 103.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 103.75 m 438 103.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 103.75 m 498 103.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 103.75 m 502 103.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 103.75 m 562 103.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 103.75 m 434 103.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 90.75 m 434 90.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 103.75 m 438 103.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 103.75 m 498 103.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 90.75 m 498 90.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 103.75 m 502 103.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 103.75 m 562 103.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 90.75 m 562 90.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 90.75 m 434 90.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 90.75 m 498 90.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 90.75 m 562 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 64.75 m 434 64.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 64.75 m 498 64.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 64.75 m 562 64.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 64.75 m 434 64.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 52.75 m 434 52.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 50.75 m 434 50.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 64.75 m 498 64.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 52.75 m 498 52.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 50.75 m 498 50.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 64.75 m 562 64.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 52.75 m 562 52.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 50.75 m 562 50.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.60 107.98 Td (For) Tj ET Q q 0 0 0 rg BT 420.89 107.98 Td ( ) Tj ET Q q 0 0 0 rg BT 422.75 107.98 Td (The ) Tj ET Q q 0 0 0 rg BT 437.79 107.98 Td (Y) Tj ET Q q 0 0 0 rg BT 442.68 107.98 Td (ear) Tj ET Q q 0 0 0 rg BT 453.64 107.98 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 514.37 107.98 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 94.98 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.50 94.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 94.98 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 82.00 Td (Income tax provision from continuing operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 82.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.10 82.00 Td (\(27,828) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 82.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.50 82.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.10 82.00 Td (\(22,504) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 82.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.50 82.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 82.00 Td (\(6,639) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 82.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 69.00 Td (Income tax provision from discontinued operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.10 69.00 Td (\(1,423) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 69.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 69.00 Td (\(1,226) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 69.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 69.00 Td (\(678) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 69.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 55.98 Td (T) Tj ET Q q 0 0 0 rg BT 56.10 55.98 Td (otal tax pr) Tj ET Q q 0 0 0 rg BT 91.51 55.98 Td (ovision) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 55.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.10 55.98 Td (\(29,251) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 55.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.50 55.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.10 55.98 Td (\(23,730) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 55.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.50 55.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 55.98 Td (\(7,317) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 55.98 Td (\)) Tj ET Q BT /F1 8.00 Tf ET endstream endobj 135 0 obj <>] /Rotate 0 /Contents 136 0 R>> endobj 136 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (64) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 723.45 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.20 723.45 Td (ovision ) Tj ET Q q 0 0 0 rg BT 82.31 723.45 Td (for ) Tj ET Q q 0 0 0 rg BT 93.65 723.45 Td (Income ) Tj ET Q q 0 0 0 rg BT 119.19 723.45 Td (T) Tj ET Q q 0 0 0 rg BT 122.91 723.45 Td (axes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 707.85 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 707.85 Td (Netherlands ) Tj ET Q q 0 0 0 rg BT 104.59 707.85 Td (and ) Tj ET Q q 0 0 0 rg BT 118.14 707.85 Td (non-Netherlands ) Tj ET Q q 0 0 0 rg BT 173.46 707.85 Td (components ) Tj ET Q q 0 0 0 rg BT 214.12 707.85 Td (of ) Tj ET Q q 0 0 0 rg BT 222.78 707.85 Td (the ) Tj ET Q q 0 0 0 rg BT 234.55 707.85 Td (provision ) Tj ET Q q 0 0 0 rg BT 266.78 707.85 Td (for ) Tj ET Q q 0 0 0 rg BT 278.11 707.85 Td (income ) Tj ET Q q 0 0 0 rg BT 303.65 707.85 Td (taxes ) Tj ET Q q 0 0 0 rg BT 322.09 707.85 Td (from ) Tj ET Q q 0 0 0 rg BT 339.64 707.85 Td (continuing ) Tj ET Q q 0 0 0 rg BT 375.86 707.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 411.18 707.85 Td (consist ) Tj ET Q q 0 0 0 rg BT 435.41 707.85 Td (of:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 658.35 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 658.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 658.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 658.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 658.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 658.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 632.35 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 632.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 632.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 632.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 632.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 632.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 606.35 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 606.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 606.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 606.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 606.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 606.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 580.35 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 580.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 580.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 580.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 580.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 580.35 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 684.35 m 434 684.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 684.35 m 438 684.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 684.35 m 498 684.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 684.35 m 502 684.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 684.35 m 562 684.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 684.35 m 434 684.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 671.35 m 434 671.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 684.35 m 438 684.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 684.35 m 498 684.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 671.35 m 498 671.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 684.35 m 502 684.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 684.35 m 562 684.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 671.35 m 562 671.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 632.35 m 434 632.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 632.35 m 498 632.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 632.35 m 562 632.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 580.35 m 434 580.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 580.35 m 498 580.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 580.35 m 562 580.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 567.35 m 434 567.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 555.35 m 434 555.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 553.35 m 434 553.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 567.35 m 498 567.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 555.35 m 498 555.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 553.35 m 498 553.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 567.35 m 562 567.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 555.35 m 562 555.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 553.35 m 562 553.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.60 688.58 Td (For) Tj ET Q q 0 0 0 rg BT 420.89 688.58 Td ( ) Tj ET Q q 0 0 0 rg BT 422.75 688.58 Td (The ) Tj ET Q q 0 0 0 rg BT 437.79 688.58 Td (Y) Tj ET Q q 0 0 0 rg BT 442.68 688.58 Td (ear) Tj ET Q q 0 0 0 rg BT 453.64 688.58 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 514.37 688.58 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 675.58 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.50 675.58 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 675.58 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 662.60 Td (Current income tax provision:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 649.60 Td (Domestic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 649.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.80 649.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.50 649.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.80 649.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.50 649.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 649.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 636.60 Td (Foreign) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.10 636.60 Td (\(25,308) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 636.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.10 636.60 Td (\(22,273) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 636.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 636.60 Td (\(4,781) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 636.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.10 623.58 Td (\(25,308) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 623.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.10 623.58 Td (\(22,273) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 623.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 623.58 Td (\(4,781) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 623.58 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 610.60 Td (Deferred tax provision:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 597.60 Td (Domestic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.80 597.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.80 597.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 597.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 584.60 Td (Foreign) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.10 584.60 Td (\(2,520) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 584.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.10 584.60 Td (\(231) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 584.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 584.60 Td (\(1,858) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 584.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.10 571.58 Td (\(2,520) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 571.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.10 571.58 Td (\(231) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 571.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 571.58 Td (\(1,858) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 571.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 558.58 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.79 558.58 Td (ovision for) Tj ET Q q 0 0 0 rg BT 95.87 558.58 Td ( income taxes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 558.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.10 558.58 Td (\(27,828) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 558.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.50 558.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.10 558.58 Td (\(22,504) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 558.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.50 558.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 558.58 Td (\(6,639) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 558.58 Td (\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 539.25 Td (In ) Tj ET Q q 0 0 0 rg BT 58.37 539.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 76.58 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 90.34 539.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 110.54 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.52 539.25 Td (net ) Tj ET Q q 0 0 0 rg BT 134.50 539.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 166.93 539.25 Td (for ) Tj ET Q q 0 0 0 rg BT 178.47 539.25 Td (income ) Tj ET Q q 0 0 0 rg BT 204.22 539.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 222.87 539.25 Td (is ) Tj ET Q q 0 0 0 rg BT 230.41 539.25 Td (more ) Tj ET Q q 0 0 0 rg BT 249.05 539.25 Td (than ) Tj ET Q q 0 0 0 rg BT 265.04 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.02 539.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 309.45 539.25 Td (computed ) Tj ET Q q 0 0 0 rg BT 343.20 539.25 Td (at ) Tj ET Q q 0 0 0 rg BT 351.18 539.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 381.38 539.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 393.36 539.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 410.67 539.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 442.65 539.25 Td (due ) Tj ET Q q 0 0 0 rg BT 456.41 539.25 Td (to ) Tj ET Q q 0 0 0 rg BT 464.84 539.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 486.16 539.25 Td (on ) Tj ET Q q 0 0 0 rg BT 496.36 539.25 Td (which ) Tj ET Q q 0 0 0 rg BT 518.12 539.25 Td (no ) Tj ET Q q 0 0 0 rg BT 528.33 539.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 540.31 539.25 Td (benefit ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 529.65 Td (has ) Tj ET Q q 0 0 0 rg BT 62.16 529.65 Td (been ) Tj ET Q q 0 0 0 rg BT 79.27 529.65 Td (received.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 511.05 Td (Reconciliation ) Tj ET Q q 0 0 0 rg BT 98.15 511.05 Td (of ) Tj ET Q q 0 0 0 rg BT 106.38 511.05 Td (Effective ) Tj ET Q q 0 0 0 rg BT 136.36 511.05 Td (Income ) Tj ET Q q 0 0 0 rg BT 161.90 511.05 Td (T) Tj ET Q q 0 0 0 rg BT 165.61 511.05 Td (ax ) Tj ET Q q 0 0 0 rg BT 175.16 511.05 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 495.45 Td (The ) Tj ET Q q 0 0 0 rg BT 64.68 495.45 Td (following ) Tj ET Q q 0 0 0 rg BT 98.53 495.45 Td (is ) Tj ET Q q 0 0 0 rg BT 106.60 495.45 Td (a ) Tj ET Q q 0 0 0 rg BT 112.89 495.45 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 159.62 495.45 Td (of ) Tj ET Q q 0 0 0 rg BT 169.02 495.45 Td (income ) Tj ET Q q 0 0 0 rg BT 195.31 495.45 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 216.48 495.45 Td (calculated ) Tj ET Q q 0 0 0 rg BT 251.65 495.45 Td (at ) Tj ET Q q 0 0 0 rg BT 260.16 495.45 Td (statutory ) Tj ET Q q 0 0 0 rg BT 290.90 495.45 Td (Netherlands ) Tj ET Q q 0 0 0 rg BT 332.29 495.45 Td (rates, ) Tj ET Q q 0 0 0 rg BT 352.13 495.45 Td (to ) Tj ET Q q 0 0 0 rg BT 361.09 495.45 Td (the ) Tj ET Q q 0 0 0 rg BT 373.61 495.45 Td (provision ) Tj ET Q q 0 0 0 rg BT 406.57 495.45 Td (for ) Tj ET Q q 0 0 0 rg BT 418.64 495.45 Td (income ) Tj ET Q q 0 0 0 rg BT 444.93 495.45 Td (taxes ) Tj ET Q q 0 0 0 rg BT 464.10 495.45 Td (included ) Tj ET Q q 0 0 0 rg BT 494.39 495.45 Td (in ) Tj ET Q q 0 0 0 rg BT 503.35 495.45 Td (the ) Tj ET Q q 0 0 0 rg BT 515.87 495.45 Td (accompanying ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 485.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 91.93 485.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 127.70 485.85 Td (of ) Tj ET Q q 0 0 0 rg BT 136.37 485.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 171.69 485.85 Td (and ) Tj ET Q q 0 0 0 rg BT 185.24 485.85 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 235.67 485.85 Td (income ) Tj ET Q q 0 0 0 rg BT 261.21 485.85 Td (/ ) Tj ET Q q 0 0 0 rg BT 265.44 485.85 Td (loss ) Tj ET Q q 0 0 0 rg BT 279.89 485.85 Td (for ) Tj ET Q q 0 0 0 rg BT 291.21 485.85 Td (the ) Tj ET Q q 0 0 0 rg BT 302.99 485.85 Td (years ) Tj ET Q q 0 0 0 rg BT 321.87 485.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 342.97 485.85 Td (December ) Tj ET Q q 0 0 0 rg BT 377.84 485.85 Td (31, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.84 485.85 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.84 485.85 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.84 485.85 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.84 485.85 Td ( ) Tj ET Q q 0 0 0 rg BT 427.84 485.85 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.39 485.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.39 485.85 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 449.35 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 449.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 449.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 449.35 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 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434 462.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 462.35 m 438 462.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 462.35 m 498 462.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 462.35 m 502 462.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 462.35 m 562 462.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 462.35 m 434 462.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 449.35 m 434 449.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 462.35 m 498 462.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 449.35 m 498 449.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 462.35 m 562 462.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 449.35 m 562 449.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 449.35 m 434 449.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 449.35 m 498 449.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 449.35 m 562 449.35 l s 0 0 0 RG 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Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 453.58 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.50 453.58 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 453.58 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 440.60 Td (Income taxes at Netherlands rates \(25%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 440.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.10 440.60 Td (\(31,206) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 440.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.50 440.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.10 440.60 Td (\(18,378) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 440.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.50 440.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 440.60 Td (43,251) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 427.60 Td (Jurisdictional dif) Tj ET Q q 0 0 0 rg BT 105.42 427.60 Td (ferences in tax rates) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 427.60 Td 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ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 307.88 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.56 304.25 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 304.25 Td (The ) Tj ET Q q 0 0 0 rg BT 81.75 304.25 Td (ef) Tj ET Q q 0 0 0 rg BT 87.82 304.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 101.62 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.10 304.25 Td (change ) Tj ET Q q 0 0 0 rg BT 134.56 304.25 Td (in ) Tj ET Q q 0 0 0 rg BT 142.60 304.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 154.18 304.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 167.98 304.25 Td (in ) Tj ET Q q 0 0 0 rg BT 176.02 304.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 193.83 304.25 Td (is ) Tj ET Q q 0 0 0 rg BT 200.98 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.57 304.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 236.15 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.63 304.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 256.21 304.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 273.13 304.25 Td (enacted ) Tj ET Q q 0 0 0 rg BT 299.36 304.25 Td (in ) Tj ET Q q 0 0 0 rg BT 307.40 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.98 304.25 Td (Netherlands ) Tj ET Q q 0 0 0 rg BT 359.45 304.25 Td (on ) Tj ET Q q 0 0 0 rg BT 369.26 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.85 304.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 392.43 304.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 416.46 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 424.93 304.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 439.20 304.25 Td (carry-forwards. ) Tj ET Q q 0 0 0 rg BT 490.40 304.25 Td (The ) Tj ET Q q 0 0 0 rg BT 504.65 304.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 516.24 304.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 540.26 304.25 Td (is ) Tj ET Q q 0 0 0 rg BT 547.41 304.25 Td (fully ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 294.65 Td (of) Tj ET Q q 0 0 0 rg BT 74.02 294.65 Td (fset ) Tj ET Q q 0 0 0 rg BT 87.71 294.65 Td (by ) Tj ET Q q 0 0 0 rg BT 97.84 294.65 Td (a ) Tj ET Q q 0 0 0 rg BT 103.53 294.65 Td (release ) Tj ET Q q 0 0 0 rg BT 127.87 294.65 Td (in ) Tj ET Q q 0 0 0 rg BT 136.23 294.65 Td (the ) Tj ET Q q 0 0 0 rg BT 148.14 294.65 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 196.04 294.65 Td (valuation ) Tj ET Q q 0 0 0 rg BT 227.95 294.65 Td (allowance ) Tj ET Q q 0 0 0 rg BT 262.51 294.65 Td (which ) Tj ET Q q 0 0 0 rg BT 284.20 294.65 Td (was ) Tj ET Q q 0 0 0 rg BT 298.78 294.65 Td (previously ) Tj ET Q q 0 0 0 rg BT 334.69 294.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 364.80 294.65 Td (against ) Tj ET Q q 0 0 0 rg BT 389.60 294.65 Td (the ) Tj ET Q q 0 0 0 rg BT 401.51 294.65 Td (loss ) Tj ET Q q 0 0 0 rg BT 416.10 294.65 Td (carry-forwards ) Tj ET Q q 0 0 0 rg BT 465.76 294.65 Td (deferred ) Tj ET Q q 0 0 0 rg BT 494.54 294.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 506.45 294.65 Td (asset, ) Tj ET Q q 0 0 0 rg BT 526.14 294.65 Td (resulting ) Tj ET Q q 0 0 0 rg BT 556.27 294.65 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 285.05 Td (no ) Tj ET Q q 0 0 0 rg BT 77.50 285.05 Td (net ) Tj ET Q q 0 0 0 rg BT 89.27 285.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 113.04 285.05 Td (to ) Tj ET Q q 0 0 0 rg BT 121.27 285.05 Td (the ) Tj ET Q q 0 0 0 rg BT 133.04 285.05 Td (provision ) Tj ET Q q 0 0 0 rg BT 165.26 285.05 Td (for ) Tj ET Q q 0 0 0 rg BT 176.59 285.05 Td (income ) Tj ET Q q 0 0 0 rg BT 202.14 285.05 Td (taxes.) 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Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (65) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 723.45 Td (Components ) Tj ET Q q 0 0 0 rg BT 91.50 723.45 Td (of ) Tj ET Q q 0 0 0 rg BT 99.72 723.45 Td (Deferr) Tj ET Q q 0 0 0 rg BT 120.75 723.45 Td (ed ) Tj ET Q q 0 0 0 rg BT 130.30 723.45 Td (T) Tj ET Q q 0 0 0 rg BT 134.02 723.45 Td (ax ) Tj ET Q q 0 0 0 rg BT 143.43 723.45 Td (Assets ) Tj ET Q q 0 0 0 rg BT 165.43 723.45 Td (and ) Tj ET Q q 0 0 0 rg BT 179.43 723.45 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 707.85 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 707.85 Td (following ) Tj ET Q q 0 0 0 rg BT 97.05 707.85 Td (table ) Tj ET Q q 0 0 0 rg BT 114.59 707.85 Td (shows ) Tj ET Q q 0 0 0 rg BT 136.60 707.85 Td (the ) Tj ET Q q 0 0 0 rg BT 148.37 707.85 Td (significant ) Tj ET Q q 0 0 0 rg BT 184.14 707.85 Td (components ) Tj ET Q q 0 0 0 rg BT 224.80 707.85 Td (included ) Tj ET Q q 0 0 0 rg BT 254.35 707.85 Td (in ) Tj ET Q q 0 0 0 rg BT 262.57 707.85 Td (deferred ) Tj ET Q q 0 0 0 rg BT 291.21 707.85 Td (income ) Tj ET Q q 0 0 0 rg BT 316.76 707.85 Td (taxes ) Tj ET Q q 0 0 0 rg BT 335.20 707.85 Td (as ) Tj ET Q q 0 0 0 rg BT 343.86 707.85 Td (at ) Tj ET Q q 0 0 0 rg BT 351.64 707.85 Td (December ) Tj ET Q q 0 0 0 rg BT 386.50 707.85 Td (31, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.50 707.85 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.50 707.85 Td ( ) Tj ET Q q 0 0 0 rg BT 416.50 707.85 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.05 707.85 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.05 707.85 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 671.35 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 671.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 671.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 671.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 645.35 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 645.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 645.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 645.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 619.35 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 619.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 619.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 619.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 593.35 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 593.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 593.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 593.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 541.35 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 541.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 541.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 541.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 515.35 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 515.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 515.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 515.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 489.35 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 489.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 489.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 489.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 463.35 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 463.35 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 463.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 463.35 90.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378 684.35 m 468 684.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472 684.35 m 562 684.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 606.35 m 468 606.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 606.35 m 562 606.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 580.35 m 468 580.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 568.35 m 468 568.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 566.35 m 468 566.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 580.35 m 562 580.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 568.35 m 562 568.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 566.35 m 562 566.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 476.35 m 468 476.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 476.35 m 562 476.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 463.35 m 468 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 451.35 m 468 451.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 449.35 m 468 449.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 463.35 m 562 463.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 451.35 m 562 451.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 449.35 m 562 449.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 688.58 Td (December) Tj ET Q q 0 0 0 rg BT 434.57 688.58 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 688.58 Td (December) Tj ET Q q 0 0 0 rg BT 528.50 688.58 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 675.58 Td (Assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 662.60 Td (T) Tj ET Q q 0 0 0 rg BT 62.11 662.60 Td (ax benefit of loss carry-forwards and other tax credits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.50 662.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.80 662.60 Td (103,468) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.50 662.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 662.60 Td (133,258) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 649.60 Td (Programming rights) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 649.60 Td (2,21) Tj ET Q q 0 0 0 rg BT 460.80 649.60 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 649.60 Td (3,189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 636.60 Td (Property) Tj ET Q q 0 0 0 rg BT 84.79 636.60 Td (, plant and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 636.60 Td (3,088) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 636.60 Td (3,494) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 623.60 Td (Accrued expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 623.60 Td (3,922) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 623.60 Td (4,087) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 610.60 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 610.60 Td (2,997) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 610.60 Td (2,468) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 597.58 Td (Gr) Tj ET Q q 0 0 0 rg BT 61.20 597.58 Td (oss deferr) Tj ET Q q 0 0 0 rg BT 94.60 597.58 Td (ed tax assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 597.58 Td (1) Tj ET Q q 0 0 0 rg BT 442.80 597.58 Td (15,686) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 597.58 Td (146,496) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 584.60 Td (V) Tj ET Q q 0 0 0 rg BT 62.83 584.60 Td (aluation allowance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.10 584.60 Td (\(103,126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 584.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 584.60 Td (\(133,477) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 584.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 571.58 Td (Net deferr) Tj ET Q q 0 0 0 rg BT 86.74 571.58 Td (ed tax assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 571.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 571.58 Td (12,560) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 571.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 571.58 Td (13,019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 545.58 Td (Liabilities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 532.60 Td (Broadcast licenses, trademarks and customer relationships) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.50 532.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.10 532.60 Td (\(21,979) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 532.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.50 532.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 532.60 Td (\(24,789) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 532.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 519.60 Td (Property) Tj ET Q q 0 0 0 rg BT 84.79 519.60 Td (, plant and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.10 519.60 Td (\(293) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 519.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 519.60 Td (\(166) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 519.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 506.60 Td (Programming rights) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.10 506.60 Td (\(5,123) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 506.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 506.60 Td (\(6,21) Tj ET Q q 0 0 0 rg BT 554.76 506.60 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 506.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 493.60 Td (T) Tj ET Q q 0 0 0 rg BT 62.11 493.60 Td (ax payable on potential distribution of reserves) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.10 493.60 Td (\(4,379) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 493.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 493.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 480.60 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.10 480.60 Td (\(920) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 480.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 480.60 Td (\(169) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 480.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 467.58 Td (T) Tj ET Q q 0 0 0 rg BT 56.47 467.58 Td (otal deferr) Tj ET Q q 0 0 0 rg BT 92.23 467.58 Td (ed tax liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.10 467.58 Td (\(32,694) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.80 467.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 467.58 Td (\(31,335) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 467.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 454.58 Td (Net deferr) Tj ET Q q 0 0 0 rg BT 86.66 454.58 Td (ed income tax liability) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 454.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.10 454.58 Td (\(20,134) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.80 454.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 454.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 454.58 Td (\(18,316) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 454.58 Td (\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 435.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 79.92 435.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 91.70 435.25 Td (is ) Tj ET Q q 0 0 0 rg BT 99.03 435.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 136.12 435.25 Td (on ) Tj ET Q q 0 0 0 rg BT 146.12 435.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.89 435.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 200.33 435.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 226.75 435.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 245.19 435.25 Td (as ) Tj ET Q q 0 0 0 rg BT 253.86 435.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 411.75 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 411.75 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 411.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 411.75 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 385.75 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 385.75 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 385.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 385.75 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 359.75 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 359.75 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 359.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 359.75 90.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378 411.75 m 468 411.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472 411.75 m 562 411.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 359.75 m 468 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 347.75 m 468 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 345.75 m 468 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 359.75 m 562 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 347.75 m 562 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 345.75 m 562 345.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 415.98 Td (December) Tj ET Q q 0 0 0 rg BT 434.57 415.98 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 415.98 Td (December) Tj ET Q q 0 0 0 rg BT 528.50 415.98 Td ( 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 403.00 Td (Net non-current deferred tax assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.50 403.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 403.00 Td (2,41) Tj ET Q q 0 0 0 rg BT 460.80 403.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.50 403.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 403.00 Td (2,964) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 377.00 Td (Net non-current deferred tax liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.10 377.00 Td (\(22,545) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 377.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 377.00 Td (\(21,280) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 377.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 350.98 Td (Net deferr) Tj ET Q q 0 0 0 rg BT 86.66 350.98 Td (ed income tax liability) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 350.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.10 350.98 Td (\(20,134) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.80 350.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 350.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 350.98 Td (\(18,316) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 350.98 Td (\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 331.65 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 331.65 Td (e ) Tj ET Q q 0 0 0 rg BT 61.24 331.65 Td (provided ) Tj ET Q q 0 0 0 rg BT 90.96 331.65 Td (a ) Tj ET Q q 0 0 0 rg BT 95.79 331.65 Td (valuation ) Tj ET Q q 0 0 0 rg BT 126.84 331.65 Td (allowance ) Tj ET Q q 0 0 0 rg BT 160.55 331.65 Td (against ) Tj ET Q q 0 0 0 rg BT 184.49 331.65 Td (potential ) Tj ET Q q 0 0 0 rg BT 213.77 331.65 Td (deferred ) Tj ET Q q 0 0 0 rg BT 241.69 331.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 252.75 331.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 272.69 331.65 Td (of ) Tj ET Q q 0 0 0 rg BT 280.64 331.65 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.14 331.65 Td (103.1 ) Tj ET Q q 0 0 0 rg BT 315.43 331.65 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.54 331.65 Td ( ) Tj ET Q q 0 0 0 rg BT 339.82 331.65 Td (and ) Tj ET Q q 0 0 0 rg BT 352.65 331.65 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.16 331.65 Td (133.5 ) Tj ET Q q 0 0 0 rg BT 387.44 331.65 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.55 331.65 Td ( ) Tj ET Q q 0 0 0 rg BT 411.84 331.65 Td (as ) Tj ET Q q 0 0 0 rg BT 419.78 331.65 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.84 331.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 472.98 331.65 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.98 331.65 Td ( ) Tj ET Q q 0 0 0 rg BT 490.27 331.65 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.10 331.65 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.10 331.65 Td (, ) Tj ET Q q 0 0 0 rg BT 522.38 331.65 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.51 331.65 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 322.05 Td (since ) Tj ET Q q 0 0 0 rg BT 68.04 322.05 Td (it ) Tj ET Q q 0 0 0 rg BT 74.58 322.05 Td (has ) Tj ET Q q 0 0 0 rg BT 87.35 322.05 Td (been ) Tj ET Q q 0 0 0 rg BT 104.55 322.05 Td (determined ) Tj ET Q q 0 0 0 rg BT 142.64 322.05 Td (by ) Tj ET Q q 0 0 0 rg BT 152.74 322.05 Td (management, ) Tj ET Q q 0 0 0 rg BT 197.71 322.05 Td (based ) Tj ET Q q 0 0 0 rg BT 218.02 322.05 Td (on ) Tj ET Q q 0 0 0 rg BT 228.12 322.05 Td (the ) Tj ET Q q 0 0 0 rg BT 240.00 322.05 Td (weight ) Tj ET Q q 0 0 0 rg BT 263.87 322.05 Td (of ) Tj ET Q q 0 0 0 rg BT 272.64 322.05 Td (all ) Tj ET Q q 0 0 0 rg BT 282.73 322.05 Td (available ) Tj ET Q q 0 0 0 rg BT 313.71 322.05 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 346.23 322.05 Td (that ) Tj ET Q q 0 0 0 rg BT 360.33 322.05 Td (it ) Tj ET Q q 0 0 0 rg BT 366.87 322.05 Td (is ) Tj ET Q q 0 0 0 rg BT 374.31 322.05 Td (more ) Tj ET Q q 0 0 0 rg BT 392.85 322.05 Td (likely ) Tj ET Q q 0 0 0 rg BT 413.17 322.05 Td (than ) Tj ET Q q 0 0 0 rg BT 429.04 322.05 Td (not ) Tj ET Q q 0 0 0 rg BT 441.37 322.05 Td (that ) Tj ET Q q 0 0 0 rg BT 455.46 322.05 Td (the ) Tj ET Q q 0 0 0 rg BT 467.34 322.05 Td (benefits ) Tj ET Q q 0 0 0 rg BT 494.76 322.05 Td (associated ) Tj ET Q q 0 0 0 rg BT 529.74 322.05 Td (with ) Tj ET Q q 0 0 0 rg BT 546.06 322.05 Td (these ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 312.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 70.16 312.45 Td (will ) Tj ET Q q 0 0 0 rg BT 84.61 312.45 Td (not ) Tj ET Q q 0 0 0 rg BT 96.83 312.45 Td (be ) Tj ET Q q 0 0 0 rg BT 106.38 312.45 Td (realized.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 296.85 Td (During ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 74.16 296.85 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.16 296.85 Td ( ) Tj ET Q q 0 0 0 rg BT 92.16 296.85 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 105.71 296.85 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.71 296.85 Td (, ) Tj ET Q q 0 0 0 rg BT 125.71 296.85 Td (we ) Tj ET Q q 0 0 0 rg BT 137.04 296.85 Td (had ) Tj ET Q q 0 0 0 rg BT 150.59 296.85 Td (the ) Tj ET Q q 0 0 0 rg BT 162.37 296.85 Td (following ) Tj ET Q q 0 0 0 rg BT 195.48 296.85 Td (movements ) Tj ET Q q 0 0 0 rg BT 234.36 296.85 Td (on ) Tj ET Q q 0 0 0 rg BT 244.36 296.85 Td (valuation ) Tj ET Q q 0 0 0 rg BT 276.13 296.85 Td (allowances:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 286.35 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 286.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 260.35 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 260.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 234.35 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 234.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 208.35 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 208.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 182.35 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 182.35 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 156.35 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 156.35 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 221.35000000000002 m 562 221.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 156.35000000000002 m 562 156.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 144.35000000000002 m 562 144.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 142.35000000000002 m 562 142.35000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 277.58 Td (Balance at December) Tj ET Q q 0 0 0 rg BT 123.85 277.58 Td ( 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.50 277.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 277.58 Td (1) Tj ET Q q 0 0 0 rg BT 536.80 277.58 Td (10,920) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 264.60 Td (Created during the period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 264.60 Td (7,151) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 251.60 Td (Utilized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 251.60 Td (\(909) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 251.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 238.60 Td (Foreign exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 238.60 Td (15,844) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 225.60 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 225.60 Td (471) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 212.58 Td (Balance at December) Tj ET Q q 0 0 0 rg BT 123.85 212.58 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 212.58 Td (133,477) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 199.60 Td (Created during the period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 199.60 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 186.60 Td (Utilized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 186.60 Td (\(26,142) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 186.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 173.60 Td (Foreign exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 173.60 Td (\(5,569) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 173.60 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 160.60 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 160.60 Td (1,260) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 147.58 Td (Balance at December) Tj ET Q q 0 0 0 rg BT 123.77 147.58 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.50 147.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 147.58 Td (103,126) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 128.25 Td (As ) Tj ET Q q 0 0 0 rg BT 60.39 128.25 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 69.05 128.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 115.92 128.25 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 131.92 128.25 Td ( ) Tj ET Q q 0 0 0 rg BT 133.92 128.25 Td (we ) Tj ET Q q 0 0 0 rg BT 145.25 128.25 Td (had ) Tj ET Q q 0 0 0 rg BT 158.80 128.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 191.01 128.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 205.46 128.25 Td (carry-forwards ) Tj ET Q q 0 0 0 rg BT 254.99 128.25 Td (that ) Tj ET Q q 0 0 0 rg BT 268.98 128.25 Td (will ) Tj ET Q q 0 0 0 rg BT 283.43 128.25 Td (expire ) Tj ET Q q 0 0 0 rg BT 305.42 128.25 Td (in ) Tj ET Q q 0 0 0 rg BT 313.64 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.41 128.25 Td (following ) Tj ET Q q 0 0 0 rg BT 358.52 128.25 Td (periods:) Tj ET Q 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0 J 0 j 3 M 366 104.75 m 412 104.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 416 104.75 m 462 104.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 466 104.75 m 512 104.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516 104.75 m 562 104.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 65.75 m 312 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 53.75 m 312 53.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 51.75 m 312 51.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 65.75 m 362 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 53.75 m 362 53.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 51.75 m 362 51.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 65.75 m 412 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 53.75 m 412 53.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 51.75 m 412 51.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 65.75 m 462 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 53.75 m 462 53.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 51.75 m 462 51.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 65.75 m 512 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 53.75 m 512 53.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 51.75 m 512 51.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 65.75 m 562 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 53.75 m 562 53.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 51.75 m 562 51.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.50 108.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.50 108.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.50 108.98 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.50 108.98 Td (2022) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.80 108.98 Td (2023-27) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.15 108.98 Td (Indefinite) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 96.00 Td (The Netherlands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 96.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.75 96.00 Td (61,379) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 96.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.75 96.00 Td (48,606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.50 96.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.75 96.00 Td (50,975) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.50 96.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.75 96.00 Td (54,706) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.50 96.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.75 96.00 Td (268,451) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.50 96.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 96.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 83.00 Td (Slovenia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.80 83.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.80 83.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.80 83.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.80 83.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 83.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.75 83.00 Td (20,136) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 70.00 Td (United Kingdom) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.80 70.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.80 70.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.80 70.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.80 70.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 70.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.75 70.00 Td (2,063) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 56.98 Td (T) Tj ET Q q 0 0 0 rg BT 56.10 56.98 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.50 56.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.75 56.98 Td (61,379) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.50 56.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.75 56.98 Td (48,606) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.50 56.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.75 56.98 Td (50,975) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.50 56.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.75 56.98 Td (54,706) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.50 56.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.75 56.98 Td (268,451) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.50 56.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.75 56.98 Td (22,199) Tj ET Q BT /F1 8.00 Tf ET endstream endobj 139 0 obj <>] /Rotate 0 /Contents 140 0 R>> endobj 140 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (The ) Tj ET Q q 0 0 0 rg BT 63.65 723.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 84.48 723.50 Td (are ) Tj ET Q q 0 0 0 rg BT 95.96 723.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 120.34 723.50 Td (to ) Tj ET Q q 0 0 0 rg BT 128.27 723.50 Td (examination ) Tj ET Q q 0 0 0 rg BT 169.53 723.50 Td (by ) Tj ET Q q 0 0 0 rg BT 179.25 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 190.73 723.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 202.22 723.50 Td (authorities ) Tj ET Q q 0 0 0 rg BT 237.71 723.50 Td (and ) Tj ET Q q 0 0 0 rg BT 250.97 723.50 Td (to ) Tj ET Q q 0 0 0 rg BT 258.91 723.50 Td (restriction ) Tj ET Q q 0 0 0 rg BT 293.06 723.50 Td (on ) Tj ET Q q 0 0 0 rg BT 302.77 723.50 Td (their ) Tj ET Q q 0 0 0 rg BT 319.15 723.50 Td (utilization. ) Tj ET Q q 0 0 0 rg BT 355.30 723.50 Td (In ) Tj ET Q q 0 0 0 rg BT 363.68 723.50 Td (particular) Tj ET Q q 0 0 0 rg BT 394.01 723.50 Td (, ) Tj ET Q q 0 0 0 rg BT 397.72 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 409.21 723.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 430.04 723.50 Td (can ) Tj ET Q q 0 0 0 rg BT 442.86 723.50 Td (only ) Tj ET Q q 0 0 0 rg BT 458.79 723.50 Td (be ) Tj ET Q q 0 0 0 rg BT 468.06 723.50 Td (utilized ) Tj ET Q q 0 0 0 rg BT 493.77 723.50 Td (against ) Tj ET Q q 0 0 0 rg BT 518.14 723.50 Td (profits ) Tj ET Q q 0 0 0 rg BT 540.74 723.50 Td (arising ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 713.90 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 713.90 Td (the ) Tj ET Q q 0 0 0 rg BT 69.50 713.90 Td (legal ) Tj ET Q q 0 0 0 rg BT 87.04 713.90 Td (entity ) Tj ET Q q 0 0 0 rg BT 107.26 713.90 Td (in ) Tj ET Q q 0 0 0 rg BT 115.48 713.90 Td (which ) Tj ET Q q 0 0 0 rg BT 137.04 713.90 Td (they ) Tj ET Q q 0 0 0 rg BT 152.81 713.90 Td (arose.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.30 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 698.30 Td (e ) Tj ET Q q 0 0 0 rg BT 62.05 698.30 Td (have ) Tj ET Q q 0 0 0 rg BT 79.24 698.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 109.77 698.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 141.63 698.30 Td (allowances ) Tj ET Q q 0 0 0 rg BT 179.26 698.30 Td (against ) Tj ET Q q 0 0 0 rg BT 204.01 698.30 Td (most ) Tj ET Q q 0 0 0 rg BT 221.66 698.30 Td (of ) Tj ET Q q 0 0 0 rg BT 230.42 698.30 Td (the ) Tj ET Q q 0 0 0 rg BT 242.28 698.30 Td (above ) Tj ET Q q 0 0 0 rg BT 263.47 698.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 278.01 698.30 Td (carry-forwards. ) Tj ET Q q 0 0 0 rg BT 329.63 698.30 Td (However) Tj ET Q q 0 0 0 rg BT 358.63 698.30 Td (, ) Tj ET Q q 0 0 0 rg BT 362.72 698.30 Td (a ) Tj ET Q q 0 0 0 rg BT 368.37 698.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 400.23 698.30 Td (allowance ) Tj ET Q q 0 0 0 rg BT 434.74 698.30 Td (has ) Tj ET Q q 0 0 0 rg BT 447.50 698.30 Td (not ) Tj ET Q q 0 0 0 rg BT 459.81 698.30 Td (been ) Tj ET Q q 0 0 0 rg BT 477.00 698.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 507.53 698.30 Td (against ) Tj ET Q q 0 0 0 rg BT 532.28 698.30 Td (US$) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.51 698.30 Td (10.7 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 688.70 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.61 688.70 Td ( ) Tj ET Q q 0 0 0 rg BT 74.32 688.70 Td (of ) Tj ET Q q 0 0 0 rg BT 82.68 688.70 Td (the ) Tj ET Q q 0 0 0 rg BT 94.16 688.70 Td (loss ) Tj ET Q q 0 0 0 rg BT 108.31 688.70 Td (carry-forwards ) Tj ET Q q 0 0 0 rg BT 157.54 688.70 Td (in ) Tj ET Q q 0 0 0 rg BT 165.47 688.70 Td (our ) Tj ET Q q 0 0 0 rg BT 177.84 688.70 Td (main ) Tj ET Q q 0 0 0 rg BT 195.54 688.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 227.45 688.70 Td (company ) Tj ET Q q 0 0 0 rg BT 258.48 688.70 Td (in ) Tj ET Q q 0 0 0 rg BT 266.40 688.70 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 296.10 688.70 Td (on ) Tj ET Q q 0 0 0 rg BT 305.80 688.70 Td (the ) Tj ET Q q 0 0 0 rg BT 317.28 688.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 334.98 688.70 Td (of ) Tj ET Q q 0 0 0 rg BT 343.35 688.70 Td (future ) Tj ET Q q 0 0 0 rg BT 364.16 688.70 Td (reversals ) Tj ET Q q 0 0 0 rg BT 394.29 688.70 Td (of ) Tj ET Q q 0 0 0 rg BT 402.66 688.70 Td (existing ) Tj ET Q q 0 0 0 rg BT 429.69 688.70 Td (taxable ) Tj ET Q q 0 0 0 rg BT 454.49 688.70 Td (temporary ) Tj ET Q q 0 0 0 rg BT 489.07 688.70 Td (dif) Tj ET Q q 0 0 0 rg BT 497.81 688.70 Td (ferences ) Tj ET Q q 0 0 0 rg BT 526.16 688.70 Td (and ) Tj ET Q q 0 0 0 rg BT 539.41 688.70 Td (taxable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 679.10 Td (income ) Tj ET Q q 0 0 0 rg BT 75.05 679.10 Td (from ) Tj ET Q q 0 0 0 rg BT 92.60 679.10 Td (future ) Tj ET Q q 0 0 0 rg BT 113.70 679.10 Td (trading.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 663.50 Td (As ) Tj ET Q q 0 0 0 rg BT 60.39 663.50 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.16 663.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 115.03 663.50 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 131.03 663.50 Td ( ) Tj ET Q q 0 0 0 rg BT 133.03 663.50 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 146.58 663.50 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 162.58 663.50 Td (, ) Tj ET Q q 0 0 0 rg BT 166.58 663.50 Td (we ) Tj ET Q q 0 0 0 rg BT 177.91 663.50 Td (had ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.46 663.50 Td (no) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.46 663.50 Td ( ) Tj ET Q q 0 0 0 rg BT 201.46 663.50 Td (permanently ) Tj ET Q q 0 0 0 rg BT 243.45 663.50 Td (reinvested ) Tj ET Q q 0 0 0 rg BT 278.32 663.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 307.42 663.50 Td (in ) Tj ET Q q 0 0 0 rg BT 315.64 663.50 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 355.42 663.50 Td (giving ) Tj ET Q q 0 0 0 rg BT 377.86 663.50 Td (rise ) Tj ET Q q 0 0 0 rg BT 391.41 663.50 Td (to ) Tj ET Q q 0 0 0 rg BT 399.64 663.50 Td (a ) Tj ET Q q 0 0 0 rg BT 405.19 663.50 Td (temporary ) Tj ET Q q 0 0 0 rg BT 440.06 663.50 Td (dif) Tj ET Q q 0 0 0 rg BT 448.80 663.50 Td (ference.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 647.90 Td (A) Tj ET Q q 0 0 0 rg BT 54.84 647.90 Td ( ) Tj ET Q q 0 0 0 rg BT 56.84 647.90 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 102.82 647.90 Td (of ) Tj ET Q q 0 0 0 rg BT 111.48 647.90 Td (the ) Tj ET Q q 0 0 0 rg BT 123.25 647.90 Td (beginning ) Tj ET Q q 0 0 0 rg BT 157.25 647.90 Td (and ) Tj ET Q q 0 0 0 rg BT 170.80 647.90 Td (ending ) Tj ET Q q 0 0 0 rg BT 194.57 647.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 220.57 647.90 Td (of ) Tj ET Q q 0 0 0 rg BT 229.23 647.90 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 274.32 647.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 286.10 647.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 313.42 647.90 Td (is ) Tj ET Q q 0 0 0 rg BT 320.76 647.90 Td (as ) Tj ET Q q 0 0 0 rg BT 329.42 647.90 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 637.40 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 637.40 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 611.40 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 611.40 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 585.40 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 585.40 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 559.40 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 559.40 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 533.40 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 533.40 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 598.4 m 562 598.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 598.4 m 562 598.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 572.4 m 562 572.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 572.4 m 562 572.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 533.4 m 562 533.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 533.4 m 562 533.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 521.4 m 562 521.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 519.4 m 562 519.4 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 628.63 Td (Balance at December) Tj ET Q q 0 0 0 rg BT 123.85 628.63 Td ( 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.50 628.63 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 628.63 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 615.65 Td (Increases for tax positions taken during a prior period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 615.65 Td (766) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 602.65 Td (Increases for tax positions taken during a current period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 602.65 Td (159) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 589.63 Td (Balance at December) Tj ET Q q 0 0 0 rg BT 123.85 589.63 Td ( 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 589.63 Td (925) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 576.65 Td (Foreign exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 576.65 Td (127) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 563.63 Td (Balance at December) Tj ET Q q 0 0 0 rg BT 123.85 563.63 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 563.63 Td (1,052) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 550.65 Td (Settlement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 550.65 Td (\(1,077) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 550.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 537.65 Td (Foreign exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 537.65 Td (25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 524.63 Td (Balance at December) Tj ET Q q 0 0 0 rg BT 123.77 524.63 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.50 524.63 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 524.63 Td () Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 505.30 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 505.30 Td (e ) Tj ET Q q 0 0 0 rg BT 61.96 505.30 Td (do ) Tj ET Q q 0 0 0 rg BT 71.96 505.30 Td (not ) Tj ET Q q 0 0 0 rg BT 84.18 505.30 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 117.28 505.30 Td (a ) Tj ET Q q 0 0 0 rg BT 122.83 505.30 Td (material ) Tj ET Q q 0 0 0 rg BT 151.04 505.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 179.24 505.30 Td (or ) Tj ET Q q 0 0 0 rg BT 187.90 505.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 217.43 505.30 Td (in ) Tj ET Q q 0 0 0 rg BT 225.66 505.30 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 270.75 505.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 282.52 505.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 309.84 505.30 Td (within ) Tj ET Q q 0 0 0 rg BT 332.29 505.30 Td (the ) Tj ET Q q 0 0 0 rg BT 344.06 505.30 Td (next ) Tj ET Q q 0 0 0 rg BT 359.84 505.30 Td (12 ) Tj ET Q q 0 0 0 rg BT 369.84 505.30 Td (months.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 489.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.92 489.70 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 103.68 489.70 Td (file ) Tj ET Q q 0 0 0 rg BT 116.32 489.70 Td (income ) Tj ET Q q 0 0 0 rg BT 141.85 489.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 153.60 489.70 Td (returns ) Tj ET Q q 0 0 0 rg BT 177.80 489.70 Td (in ) Tj ET Q q 0 0 0 rg BT 186.00 489.70 Td (the ) Tj ET Q q 0 0 0 rg BT 197.76 489.70 Td (Netherlands ) Tj ET Q q 0 0 0 rg BT 238.39 489.70 Td (and ) Tj ET Q q 0 0 0 rg BT 251.92 489.70 Td (various ) Tj ET Q q 0 0 0 rg BT 277.46 489.70 Td (other ) Tj ET Q q 0 0 0 rg BT 295.88 489.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 307.63 489.70 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 350.73 489.70 Td (As ) Tj ET Q q 0 0 0 rg BT 361.60 489.70 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.36 489.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 416.20 489.70 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.20 489.70 Td (, ) Tj ET Q q 0 0 0 rg BT 436.19 489.70 Td (our ) Tj ET Q q 0 0 0 rg BT 448.83 489.70 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 488.59 489.70 Td (are ) Tj ET Q q 0 0 0 rg BT 500.33 489.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 532.08 489.70 Td (no ) Tj ET Q q 0 0 0 rg BT 542.06 489.70 Td (longer ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 480.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 74.16 480.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.38 480.10 Td (income ) Tj ET Q q 0 0 0 rg BT 107.93 480.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 119.70 480.10 Td (examinations ) Tj ET Q q 0 0 0 rg BT 164.36 480.10 Td (for ) Tj ET Q q 0 0 0 rg BT 175.69 480.10 Td (years ) Tj ET Q q 0 0 0 rg BT 194.57 480.10 Td (before:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 456.60 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 456.60 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 430.60 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 430.60 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 404.60 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 404.60 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 378.60 443.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 378.60 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 456.6 m 493 456.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493 456.6 m 563 456.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.25 460.83 Td (T) Tj ET Q q 0 0 0 rg BT 247.85 460.83 Td (ax Jurisdiction) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.65 460.83 Td (Y) Tj ET Q q 0 0 0 rg BT 548.54 460.83 Td (ear) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 447.85 Td (Bulgaria) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.50 447.85 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 434.85 Td (Czech Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.50 434.85 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 421.85 Td (The Netherlands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.50 421.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 408.85 Td (Romania) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.50 408.85 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 395.85 Td (Slovak Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.50 395.85 Td (201) Tj ET Q q 0 0 0 rg BT 555.50 395.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 382.85 Td (Slovenia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.50 382.85 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 369.85 Td (United Kingdom) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.50 369.85 Td (2017) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 350.50 Td (e ) Tj ET Q q 0 0 0 rg BT 61.87 350.50 Td (recognize, ) Tj ET Q q 0 0 0 rg BT 96.87 350.50 Td (when ) Tj ET Q q 0 0 0 rg BT 116.10 350.50 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 152.88 350.50 Td (both ) Tj ET Q q 0 0 0 rg BT 169.01 350.50 Td (accrued ) Tj ET Q q 0 0 0 rg BT 195.79 350.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 221.24 350.50 Td (and ) Tj ET Q q 0 0 0 rg BT 234.70 350.50 Td (penalties ) Tj ET Q q 0 0 0 rg BT 265.04 350.50 Td (related ) Tj ET Q q 0 0 0 rg BT 288.71 350.50 Td (to ) Tj ET Q q 0 0 0 rg BT 296.85 350.50 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 341.84 350.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 353.53 350.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 380.76 350.50 Td (in ) Tj ET Q q 0 0 0 rg BT 388.89 350.50 Td (income ) Tj ET Q q 0 0 0 rg BT 414.34 350.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 426.03 350.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 453.70 350.50 Td (in ) Tj ET Q q 0 0 0 rg BT 461.83 350.50 Td (the ) Tj ET Q q 0 0 0 rg BT 473.51 350.50 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 522.07 350.50 Td (consolidated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 340.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 85.49 340.90 Td (of ) Tj ET Q q 0 0 0 rg BT 94.38 340.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 129.93 340.90 Td (and ) Tj ET Q q 0 0 0 rg BT 143.70 340.90 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 194.35 340.90 Td (income ) Tj ET Q q 0 0 0 rg BT 220.12 340.90 Td (/ ) Tj ET Q q 0 0 0 rg BT 224.56 340.90 Td (loss. ) Tj ET Q q 0 0 0 rg BT 241.07 340.90 Td (There ) Tj ET Q q 0 0 0 rg BT 261.95 340.90 Td (were ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.71 340.90 Td (no) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.71 340.90 Td ( ) Tj ET Q q 0 0 0 rg BT 289.94 340.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 325.93 340.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 351.70 340.90 Td (or ) Tj ET Q q 0 0 0 rg BT 360.59 340.90 Td (penalties ) Tj ET Q q 0 0 0 rg BT 391.24 340.90 Td (accrued ) Tj ET Q q 0 0 0 rg BT 418.33 340.90 Td (in ) Tj ET Q q 0 0 0 rg BT 426.78 340.90 Td (the ) Tj ET Q q 0 0 0 rg BT 438.77 340.90 Td (years ) Tj ET Q q 0 0 0 rg BT 457.87 340.90 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.20 340.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 526.29 340.90 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.29 340.90 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.51 340.90 Td (2017) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 331.30 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.05 331.30 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 79.05 331.30 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 309.70 Td (19. ) Tj ET Q q 0 0 0 rg BT 67.50 309.70 Td (EARNINGS ) Tj ET Q q 0 0 0 rg BT 111.73 309.70 Td (PER ) Tj ET Q q 0 0 0 rg BT 129.73 309.70 Td (SHARE) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 294.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 294.10 Td (e ) Tj ET Q q 0 0 0 rg BT 61.75 294.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 99.52 294.10 Td (that ) Tj ET Q q 0 0 0 rg BT 113.30 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.86 294.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 146.19 294.10 Td (B ) Tj ET Q q 0 0 0 rg BT 153.31 294.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 184.86 294.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 207.97 294.10 Td (are ) Tj ET Q q 0 0 0 rg BT 219.52 294.10 Td (a ) Tj ET Q q 0 0 0 rg BT 224.86 294.10 Td (participating ) Tj ET Q q 0 0 0 rg BT 267.07 294.10 Td (security) Tj ET Q q 0 0 0 rg BT 291.88 294.10 Td (, ) Tj ET Q q 0 0 0 rg BT 295.66 294.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.00 294.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 346.24 294.10 Td (, ) Tj ET Q q 0 0 0 rg BT 350.02 294.10 Td (our ) Tj ET Q q 0 0 0 rg BT 362.47 294.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 380.70 294.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.03 294.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 418.04 294.10 Td (net ) Tj ET Q q 0 0 0 rg BT 429.59 294.10 Td (income ) Tj ET Q q 0 0 0 rg BT 454.93 294.10 Td (/ ) Tj ET Q q 0 0 0 rg BT 458.93 294.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 473.17 294.10 Td (per ) Tj ET Q q 0 0 0 rg BT 485.17 294.10 Td (share ) Tj ET Q q 0 0 0 rg BT 503.83 294.10 Td (is ) Tj ET Q q 0 0 0 rg BT 510.95 294.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 545.16 294.10 Td (using ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 284.50 Td (the ) Tj ET Q q 0 0 0 rg BT 61.93 284.50 Td (two-class ) Tj ET Q q 0 0 0 rg BT 94.80 284.50 Td (method. ) Tj ET Q q 0 0 0 rg BT 123.46 284.50 Td (Under ) Tj ET Q q 0 0 0 rg BT 146.11 284.50 Td (the ) Tj ET Q q 0 0 0 rg BT 158.54 284.50 Td (two-class ) Tj ET Q q 0 0 0 rg BT 191.41 284.50 Td (method, ) Tj ET Q q 0 0 0 rg BT 220.07 284.50 Td (basic ) Tj ET Q q 0 0 0 rg BT 239.16 284.50 Td (net ) Tj ET Q q 0 0 0 rg BT 251.60 284.50 Td (income ) Tj ET Q q 0 0 0 rg BT 277.80 284.50 Td (/ ) Tj ET Q q 0 0 0 rg BT 282.68 284.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 297.79 284.50 Td (per ) Tj ET Q q 0 0 0 rg BT 310.66 284.50 Td (common ) Tj ET Q q 0 0 0 rg BT 341.32 284.50 Td (share ) Tj ET Q q 0 0 0 rg BT 360.85 284.50 Td (is ) Tj ET Q q 0 0 0 rg BT 368.85 284.50 Td (computed ) Tj ET Q q 0 0 0 rg BT 403.05 284.50 Td (by ) Tj ET Q q 0 0 0 rg BT 413.71 284.50 Td (dividing ) Tj ET Q q 0 0 0 rg BT 443.04 284.50 Td (the ) Tj ET Q q 0 0 0 rg BT 455.47 284.50 Td (net ) Tj ET Q q 0 0 0 rg BT 467.90 284.50 Td (income ) Tj ET Q q 0 0 0 rg BT 494.11 284.50 Td (available ) Tj ET Q q 0 0 0 rg BT 525.63 284.50 Td (to ) Tj ET Q q 0 0 0 rg BT 534.52 284.50 Td (common ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 274.90 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 91.84 274.90 Td (after ) Tj ET Q q 0 0 0 rg BT 108.41 274.90 Td (deducting ) Tj ET Q q 0 0 0 rg BT 141.87 274.90 Td (contractual ) Tj ET Q q 0 0 0 rg BT 179.32 274.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 208.34 274.90 Td (of ) Tj ET Q q 0 0 0 rg BT 216.92 274.90 Td (accretion ) Tj ET Q q 0 0 0 rg BT 248.14 274.90 Td (on ) Tj ET Q q 0 0 0 rg BT 258.05 274.90 Td (our ) Tj ET Q q 0 0 0 rg BT 270.63 274.90 Td (Series ) Tj ET Q q 0 0 0 rg BT 292.10 274.90 Td (B ) Tj ET Q q 0 0 0 rg BT 299.34 274.90 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 331.02 274.90 Td (Shares ) Tj ET Q q 0 0 0 rg BT 354.26 274.90 Td (and ) Tj ET Q q 0 0 0 rg BT 367.72 274.90 Td (the ) Tj ET Q q 0 0 0 rg BT 379.41 274.90 Td (income ) Tj ET Q q 0 0 0 rg BT 404.87 274.90 Td (allocated ) Tj ET Q q 0 0 0 rg BT 435.65 274.90 Td (to ) Tj ET Q q 0 0 0 rg BT 443.79 274.90 Td (these ) Tj ET Q q 0 0 0 rg BT 462.14 274.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 484.04 274.90 Td (by ) Tj ET Q q 0 0 0 rg BT 493.96 274.90 Td (the ) Tj ET Q q 0 0 0 rg BT 505.64 274.90 Td (weighted-average ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 265.30 Td (number ) Tj ET Q q 0 0 0 rg BT 76.07 265.30 Td (of ) Tj ET Q q 0 0 0 rg BT 84.87 265.30 Td (common ) Tj ET Q q 0 0 0 rg BT 115.00 265.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 137.13 265.30 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 176.59 265.30 Td (during ) Tj ET Q q 0 0 0 rg BT 199.61 265.30 Td (the ) Tj ET Q q 0 0 0 rg BT 211.52 265.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 236.09 265.30 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 262.22 265.30 Td (net ) Tj ET Q q 0 0 0 rg BT 274.13 265.30 Td (income ) Tj ET Q q 0 0 0 rg BT 299.81 265.30 Td (/ ) Tj ET Q q 0 0 0 rg BT 304.16 265.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 318.75 265.30 Td (per ) Tj ET Q q 0 0 0 rg BT 331.10 265.30 Td (share ) Tj ET Q q 0 0 0 rg BT 350.11 265.30 Td (is ) Tj ET Q q 0 0 0 rg BT 357.58 265.30 Td (computed ) Tj ET Q q 0 0 0 rg BT 391.26 265.30 Td (by ) Tj ET Q q 0 0 0 rg BT 401.39 265.30 Td (dividing ) Tj ET Q q 0 0 0 rg BT 430.19 265.30 Td (the ) Tj ET Q q 0 0 0 rg BT 442.10 265.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 470.90 265.30 Td (net ) Tj ET Q q 0 0 0 rg BT 482.80 265.30 Td (income ) Tj ET Q q 0 0 0 rg BT 508.48 265.30 Td (by ) Tj ET Q q 0 0 0 rg BT 518.62 265.30 Td (the ) Tj ET Q q 0 0 0 rg BT 530.52 265.30 Td (weighted-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 255.70 Td (average ) Tj ET Q q 0 0 0 rg BT 76.33 255.70 Td (number ) Tj ET Q q 0 0 0 rg BT 102.72 255.70 Td (of ) Tj ET Q q 0 0 0 rg BT 111.35 255.70 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 137.75 255.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 159.70 255.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 198.99 255.70 Td (during ) Tj ET Q q 0 0 0 rg BT 221.83 255.70 Td (the ) Tj ET Q q 0 0 0 rg BT 233.57 255.70 Td (period ) Tj ET Q q 0 0 0 rg BT 255.96 255.70 Td (after ) Tj ET Q q 0 0 0 rg BT 272.57 255.70 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 303.87 255.70 Td (for ) Tj ET Q q 0 0 0 rg BT 315.15 255.70 Td (the ) Tj ET Q q 0 0 0 rg BT 326.88 255.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 350.61 255.70 Td (of ) Tj ET Q q 0 0 0 rg BT 359.24 255.70 Td (those ) Tj ET Q q 0 0 0 rg BT 378.08 255.70 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 404.48 255.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 426.43 255.70 Td (on ) Tj ET Q q 0 0 0 rg BT 436.39 255.70 Td (the ) Tj ET Q q 0 0 0 rg BT 448.13 255.70 Td (allocation ) Tj ET Q q 0 0 0 rg BT 481.63 255.70 Td (of ) Tj ET Q q 0 0 0 rg BT 490.25 255.70 Td (income ) Tj ET Q q 0 0 0 rg BT 515.76 255.70 Td (to ) Tj ET Q q 0 0 0 rg BT 523.94 255.70 Td (the ) Tj ET Q q 0 0 0 rg BT 535.67 255.70 Td (Series ) Tj ET Q q 0 0 0 rg BT 557.18 255.70 Td (B ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 246.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 81.26 246.10 Td (Shares.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 230.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.28 230.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 97.72 230.50 Td (identified ) Tj ET Q q 0 0 0 rg BT 130.72 230.50 Td (an ) Tj ET Q q 0 0 0 rg BT 140.61 230.50 Td (error ) Tj ET Q q 0 0 0 rg BT 158.49 230.50 Td (in ) Tj ET Q q 0 0 0 rg BT 167.05 230.50 Td (the ) Tj ET Q q 0 0 0 rg BT 179.16 230.50 Td (calculation ) Tj ET Q q 0 0 0 rg BT 216.59 230.50 Td (of ) Tj ET Q q 0 0 0 rg BT 225.59 230.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 255.03 230.50 Td (per ) Tj ET Q q 0 0 0 rg BT 267.58 230.50 Td (share ) Tj ET Q q 0 0 0 rg BT 286.80 230.50 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 318.91 230.50 Td (in ) Tj ET Q q 0 0 0 rg BT 327.47 230.50 Td (its ) Tj ET Q q 0 0 0 rg BT 337.37 230.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 367.69 230.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 403.80 230.50 Td (for ) Tj ET Q q 0 0 0 rg BT 415.46 230.50 Td (the ) Tj ET Q q 0 0 0 rg BT 427.58 230.50 Td (year ) Tj ET Q q 0 0 0 rg BT 443.68 230.50 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.12 230.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 512.32 230.50 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.32 230.50 Td (.) Tj ET Q q 0 0 0 rg BT 532.18 230.50 Td (The ) Tj ET Q q 0 0 0 rg BT 546.96 230.50 Td (error ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 220.90 Td (arose ) Tj ET Q q 0 0 0 rg BT 68.40 220.90 Td (due ) Tj ET Q q 0 0 0 rg BT 81.98 220.90 Td (to ) Tj ET Q q 0 0 0 rg BT 90.23 220.90 Td (the ) Tj ET Q q 0 0 0 rg BT 102.02 220.90 Td (misallocation ) Tj ET Q q 0 0 0 rg BT 147.15 220.90 Td (of ) Tj ET Q q 0 0 0 rg BT 155.84 220.90 Td (the ) Tj ET Q q 0 0 0 rg BT 167.64 220.90 Td (results ) Tj ET Q q 0 0 0 rg BT 190.55 220.90 Td (of ) Tj ET Q q 0 0 0 rg BT 199.24 220.90 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 242.14 220.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 277.49 220.90 Td (to ) Tj ET Q q 0 0 0 rg BT 285.74 220.90 Td (the ) Tj ET Q q 0 0 0 rg BT 297.54 220.90 Td (Series ) Tj ET Q q 0 0 0 rg BT 319.11 220.90 Td (B ) Tj ET Q q 0 0 0 rg BT 326.47 220.90 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 358.25 220.90 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 383.46 220.90 Td (The ) Tj ET Q q 0 0 0 rg BT 397.92 220.90 Td (error ) Tj ET Q q 0 0 0 rg BT 415.49 220.90 Td (is ) Tj ET Q q 0 0 0 rg BT 422.85 220.90 Td (not ) Tj ET Q q 0 0 0 rg BT 435.10 220.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 471.77 220.90 Td (to ) Tj ET Q q 0 0 0 rg BT 480.02 220.90 Td (be ) Tj ET Q q 0 0 0 rg BT 489.60 220.90 Td (either ) Tj ET Q q 0 0 0 rg BT 509.83 220.90 Td (quantitatively ) Tj ET Q q 0 0 0 rg BT 555.84 220.90 Td (or ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 211.30 Td (qualitatively ) Tj ET Q q 0 0 0 rg BT 91.50 211.30 Td (material ) Tj ET Q q 0 0 0 rg BT 119.72 211.30 Td (to ) Tj ET Q q 0 0 0 rg BT 127.96 211.30 Td (the ) Tj ET Q q 0 0 0 rg BT 139.74 211.30 Td (year ) Tj ET Q q 0 0 0 rg BT 155.52 211.30 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 176.63 211.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 223.51 211.30 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.51 211.30 Td (, ) Tj ET Q q 0 0 0 rg BT 243.53 211.30 Td (and ) Tj ET Q q 0 0 0 rg BT 257.09 211.30 Td (has ) Tj ET Q q 0 0 0 rg BT 269.77 211.30 Td (been ) Tj ET Q q 0 0 0 rg BT 286.88 211.30 Td (corrected ) Tj ET Q q 0 0 0 rg BT 318.65 211.30 Td (in ) Tj ET Q q 0 0 0 rg BT 326.88 211.30 Td (the ) Tj ET Q q 0 0 0 rg BT 338.67 211.30 Td (information ) Tj ET Q q 0 0 0 rg BT 378.45 211.30 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 410.24 211.30 Td (below) Tj ET Q q 0 0 0 rg BT 429.27 211.30 Td (. ) Tj ET Q q 0 0 0 rg BT 433.14 211.30 Td (The ) Tj ET Q q 0 0 0 rg BT 447.59 211.30 Td (error ) Tj ET Q q 0 0 0 rg BT 465.14 211.30 Td (did ) Tj ET Q q 0 0 0 rg BT 477.38 211.30 Td (not ) Tj ET Q q 0 0 0 rg BT 489.61 211.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 513.40 211.30 Td (net ) Tj ET Q q 0 0 0 rg BT 525.18 211.30 Td (income, ) Tj ET Q q 0 0 0 rg BT 552.74 211.30 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 201.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 91.93 201.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 118.36 201.70 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 138.80 201.70 Td (the ) Tj ET Q q 0 0 0 rg BT 150.57 201.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 193.00 201.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 228.77 201.70 Td (of ) Tj ET Q q 0 0 0 rg BT 237.44 201.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 259.43 201.70 Td (or ) Tj ET Q q 0 0 0 rg BT 268.10 201.70 Td (the ) Tj ET Q q 0 0 0 rg BT 279.87 201.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 322.30 201.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 358.07 201.70 Td (of ) Tj ET Q q 0 0 0 rg BT 366.74 201.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 382.95 201.70 Td (flows.) Tj ET Q endstream endobj 141 0 obj <>] /Rotate 0 /Contents 142 0 R>> endobj 142 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 723.50 Td (components ) Tj ET Q q 0 0 0 rg BT 104.60 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 113.26 723.50 Td (basic ) Tj ET Q q 0 0 0 rg BT 131.70 723.50 Td (and ) Tj ET Q q 0 0 0 rg BT 145.25 723.50 Td (diluted ) Tj ET Q q 0 0 0 rg BT 169.47 723.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 198.57 723.50 Td (per ) Tj ET Q q 0 0 0 rg BT 210.79 723.50 Td (share ) Tj ET Q q 0 0 0 rg BT 229.66 723.50 Td (are ) Tj ET Q q 0 0 0 rg BT 241.43 723.50 Td (as ) Tj ET Q q 0 0 0 rg BT 250.09 723.50 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 674.00 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 674.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 674.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 674.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 674.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 674.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 648.00 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 648.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 648.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 648.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 648.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 648.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 622.00 325.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 622.00 60.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 622.00 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 622.00 60.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 622.00 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 622.00 60.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 588.00 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 588.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 588.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 588.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 588.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 588.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 562.00 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 562.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 562.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 562.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 562.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 562.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 536.00 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 536.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 536.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 536.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 536.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 536.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 510.00 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 510.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 510.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 510.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 510.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 510.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 484.00 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 484.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 484.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 484.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 484.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 484.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 458.00 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 458.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 458.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 458.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 458.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 458.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 432.00 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 432.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 432.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 432.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 432.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 432.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 406.00 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 406.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 406.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 406.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 406.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 406.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 380.00 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 380.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 380.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 380.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 380.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 380.00 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375 700 m 435 700 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 435 700 m 439 700 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439 700 m 499 700 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499 700 m 503 700 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503 700 m 563 700 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375 700 m 435 700 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375 687 m 435 687 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439 700 m 499 700 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439 687 m 499 687 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503 700 m 563 700 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503 687 m 563 687 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375 674 m 435 674 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439 674 m 499 674 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503 674 m 563 674 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 622 m 435 622 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 622 m 499 622 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 622 m 563 622 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 622 m 435 622 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 622 m 499 622 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 622 m 563 622 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 575 m 435 575 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 575 m 499 575 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 575 m 563 575 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 523 m 435 523 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 523 m 499 523 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 523 m 563 523 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 523 m 435 523 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 511 m 435 511 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 509 m 435 509 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 523 m 499 523 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 511 m 499 511 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 509 m 499 509 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 523 m 563 523 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 511 m 563 511 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 509 m 563 509 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 471 m 435 471 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 459 m 435 459 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 457 m 435 457 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 471 m 499 471 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 459 m 499 459 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 457 m 499 457 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 471 m 563 471 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 459 m 563 459 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 457 m 563 457 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 704.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.60 704.23 Td (For) Tj ET Q q 0 0 0 rg BT 421.89 704.23 Td ( ) Tj ET Q q 0 0 0 rg BT 423.75 704.23 Td (The ) Tj ET Q q 0 0 0 rg BT 438.79 704.23 Td (Y) Tj ET Q q 0 0 0 rg BT 443.68 704.23 Td (ear) Tj ET Q q 0 0 0 rg BT 454.64 704.23 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 515.37 704.23 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 691.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.50 691.23 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.50 691.23 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.50 691.23 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.90 678.23 Td (\(As adjusted\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 665.23 Td (Income ) Tj ET Q q 0 0 0 rg BT 79.83 665.23 Td (/ ) Tj ET Q q 0 0 0 rg BT 84.05 665.23 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 103.83 665.23 Td (fr) Tj ET Q q 0 0 0 rg BT 109.97 665.23 Td (om ) Tj ET Q q 0 0 0 rg BT 122.56 665.23 Td (continuing ) Tj ET Q q 0 0 0 rg BT 161.02 665.23 Td (operations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.50 665.23 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.80 665.23 Td (97,065) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.50 665.23 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.80 665.23 Td (51,063) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.50 665.23 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.10 665.23 Td (\(179,679) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.80 665.23 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 652.25 Td (Net loss attributable to noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.80 652.25 Td (79) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.80 652.25 Td (341) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.80 652.25 Td (306) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 639.25 Td (Less: preferred share accretion paid in kind \(Note 12\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.10 639.25 Td (\(4,777) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.80 639.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.10 639.25 Td (\(9,694) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.80 639.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.10 639.25 Td (\(13,701) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 639.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 626.25 Td (Less: income allocated to Series B Preferred Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.10 626.25 Td (\(29,956) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.80 626.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.10 626.25 Td (\(16,994) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.80 626.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 626.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 613.23 Td (Income / \(loss\) fr) Tj ET Q q 0 0 0 rg BT 109.97 613.23 Td (om continuing operations available to common shar) Tj ET Q q 0 0 0 rg BT 286.72 613.23 Td (eholders, net of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 605.23 Td (noncontr) Tj ET Q q 0 0 0 rg BT 83.54 605.23 Td (olling inter) Tj ET Q q 0 0 0 rg BT 120.95 605.23 Td (est) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.80 605.23 Td (62,41) Tj ET Q q 0 0 0 rg BT 427.80 605.23 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.80 605.23 Td (24,716) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.10 605.23 Td (\(193,074) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.80 605.23 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 592.25 Td (Income / \(loss\) from discontinued operations, net of tax \(Note 3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.80 592.25 Td (60,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.10 592.25 Td (\(1,636) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.80 592.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.10 592.25 Td (\(918) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 592.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 579.25 Td (Less: \(income\) / loss allocated to Series B Preferred Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.10 579.25 Td (\(19,637) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.80 579.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.80 579.25 Td (667) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 579.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 566.23 Td (Net income / \(loss\) attributable to CME Ltd. available to common shar) Tj ET Q q 0 0 0 rg BT 293.29 566.23 Td (eholders basic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.80 566.23 Td (103,322) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.80 566.23 Td (23,747) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.10 566.23 Td (\(193,992) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.80 566.23 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 540.23 Td (Effect ) Tj ET Q q 0 0 0 rg BT 74.93 540.23 Td (of ) Tj ET Q q 0 0 0 rg BT 83.59 540.23 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 111.38 540.23 Td (securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 527.25 Td (Dilutive ef) Tj ET Q q 0 0 0 rg BT 92.86 527.25 Td (fect of Series B Preferred Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.80 527.25 Td (3,653) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.80 527.25 Td (3,829) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 527.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 514.23 Td (Net income / \(loss\) attributable to CME Ltd. available to common shar) Tj ET Q q 0 0 0 rg BT 293.22 514.23 Td (eholders diluted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.50 514.23 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.80 514.23 Td (106,975) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.50 514.23 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.80 514.23 Td (27,576) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.50 514.23 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.10 514.23 Td (\(193,992) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.80 514.23 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 488.23 Td (W) Tj ET Q q 0 0 0 rg BT 60.06 488.23 Td (eighted average outstanding shar) Tj ET Q q 0 0 0 rg BT 173.03 488.23 Td (es of common stock basic ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 270.80 491.86 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.80 488.25 Td (230,562) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.80 488.25 Td (155,846) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.80 488.25 Td (151,017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 475.25 Td (Dilutive ef) Tj ET Q q 0 0 0 rg BT 92.79 475.25 Td (fect of common stock warrants, employee stock options and RSUs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.80 475.25 Td (27,132) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 475.25 Td (80,558) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 475.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 462.23 Td (W) Tj ET Q q 0 0 0 rg BT 60.06 462.23 Td (eighted ) Tj ET Q q 0 0 0 rg BT 86.95 462.23 Td (average ) Tj ET Q q 0 0 0 rg BT 115.60 462.23 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 158.06 462.23 Td (shar) Tj ET Q q 0 0 0 rg BT 173.03 462.23 Td (es ) Tj ET Q q 0 0 0 rg BT 181.69 462.23 Td (of ) Tj ET Q q 0 0 0 rg BT 190.36 462.23 Td (common ) Tj ET Q q 0 0 0 rg BT 221.68 462.23 Td (stock ) Tj ET Q q 0 0 0 rg BT 241.46 462.23 Td ( ) Tj ET Q q 0 0 0 rg BT 251.46 462.23 Td (diluted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.80 462.23 Td (257,694) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.80 462.23 Td (236,404) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.80 462.23 Td (151,017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 436.23 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.49 436.23 Td (income ) Tj ET Q q 0 0 0 rg BT 92.93 436.23 Td (/ ) Tj ET Q q 0 0 0 rg BT 97.15 436.23 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 116.93 436.23 Td (per) Tj ET Q q 0 0 0 rg BT 128.34 436.23 Td ( ) Tj ET Q q 0 0 0 rg BT 130.34 436.23 Td (shar) Tj ET Q q 0 0 0 rg BT 145.30 436.23 Td (e:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 423.25 Td (Continuing operations basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.50 423.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 423.25 Td (0.27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.50 423.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 423.25 Td (0.16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.50 423.25 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.10 423.25 Td (\(1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 423.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 410.25 Td (Continuing operations diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 410.25 Td (0.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 410.25 Td (0.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.10 410.25 Td (\(1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 410.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 397.25 Td (Discontinued operations basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 397.25 Td (0.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.10 397.25 Td (\(0.01) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.80 397.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.80 397.25 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 384.25 Td (Discontinued operations diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 384.25 Td (0.17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 384.25 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.80 384.25 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 371.25 Td (Attributable to CME Ltd. basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 371.25 Td (0.45) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 371.25 Td (0.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.10 371.25 Td (\(1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 371.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 358.25 Td (Attributable to CME Ltd. diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 358.25 Td (0.42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 358.25 Td (0.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.10 358.25 Td (\(1.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 358.25 Td (\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 345.52 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.56 341.90 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 341.90 Td (For ) Tj ET Q q 0 0 0 rg BT 80.37 341.90 Td (the ) Tj ET Q q 0 0 0 rg BT 91.89 341.90 Td (purpose ) Tj ET Q q 0 0 0 rg BT 118.97 341.90 Td (of ) Tj ET Q q 0 0 0 rg BT 127.39 341.90 Td (computing ) Tj ET Q q 0 0 0 rg BT 163.36 341.90 Td (basic ) Tj ET Q q 0 0 0 rg BT 181.55 341.90 Td (earnings ) Tj ET Q q 0 0 0 rg BT 210.40 341.90 Td (per ) Tj ET Q q 0 0 0 rg BT 222.37 341.90 Td (share, ) Tj ET Q q 0 0 0 rg BT 243.00 341.90 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.52 341.90 Td (1) Tj ET Q q 0 0 0 rg BT 258.23 341.90 Td (1,21) Tj ET Q q 0 0 0 rg BT 271.93 341.90 Td (1,449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.93 341.90 Td ( ) Tj ET Q q 0 0 0 rg BT 291.68 341.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 313.43 341.90 Td (of ) Tj ET Q q 0 0 0 rg BT 321.84 341.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 340.54 341.90 Td (A) Tj ET Q q 0 0 0 rg BT 345.88 341.90 Td ( ) Tj ET Q q 0 0 0 rg BT 347.63 341.90 Td (common ) Tj ET Q q 0 0 0 rg BT 377.38 341.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 396.02 341.90 Td (underlying ) Tj ET Q q 0 0 0 rg BT 432.43 341.90 Td (the ) Tj ET Q q 0 0 0 rg BT 443.96 341.90 Td (Series ) Tj ET Q q 0 0 0 rg BT 464.87 341.90 Td (A) Tj ET Q q 0 0 0 rg BT 470.21 341.90 Td ( ) Tj ET Q q 0 0 0 rg BT 471.96 341.90 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 503.47 341.90 Td (Share ) Tj ET Q q 0 0 0 rg BT 523.44 341.90 Td (are ) Tj ET Q q 0 0 0 rg BT 534.95 341.90 Td (included ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 332.30 Td (in ) Tj ET Q q 0 0 0 rg BT 75.71 332.30 Td (the ) Tj ET Q q 0 0 0 rg BT 87.46 332.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 118.77 332.30 Td (average ) Tj ET Q q 0 0 0 rg BT 145.62 332.30 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 184.93 332.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 206.91 332.30 Td (of ) Tj ET Q q 0 0 0 rg BT 215.55 332.30 Td (common ) Tj ET Q q 0 0 0 rg BT 245.53 332.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 264.40 332.30 Td (- ) Tj ET Q q 0 0 0 rg BT 269.05 332.30 Td (basic, ) Tj ET Q q 0 0 0 rg BT 289.47 332.30 Td (because ) Tj ET Q q 0 0 0 rg BT 316.77 332.30 Td (the ) Tj ET Q q 0 0 0 rg BT 328.52 332.30 Td (rights ) Tj ET Q q 0 0 0 rg BT 348.73 332.30 Td (of ) Tj ET Q q 0 0 0 rg BT 357.37 332.30 Td (the ) Tj ET Q q 0 0 0 rg BT 369.13 332.30 Td (Series ) Tj ET Q q 0 0 0 rg BT 390.22 332.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.56 332.30 Td ( ) Tj ET Q q 0 0 0 rg BT 397.54 332.30 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 429.28 332.30 Td (Share ) Tj ET Q q 0 0 0 rg BT 449.48 332.30 Td (are ) Tj ET Q q 0 0 0 rg BT 461.23 332.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 497.86 332.30 Td (substantially ) Tj ET Q q 0 0 0 rg BT 540.29 332.30 Td (similar ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 322.70 Td (to ) Tj ET Q q 0 0 0 rg BT 75.72 322.70 Td (that ) Tj ET Q q 0 0 0 rg BT 89.72 322.70 Td (of ) Tj ET Q q 0 0 0 rg BT 98.38 322.70 Td (our ) Tj ET Q q 0 0 0 rg BT 111.05 322.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 129.94 322.70 Td (A) Tj ET Q q 0 0 0 rg BT 135.28 322.70 Td ( ) Tj ET Q q 0 0 0 rg BT 137.28 322.70 Td (common ) Tj ET Q q 0 0 0 rg BT 167.27 322.70 Td (stock. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 307.10 Td (The ) Tj ET Q q 0 0 0 rg BT 63.58 307.10 Td (following ) Tj ET Q q 0 0 0 rg BT 96.33 307.10 Td (weighted-average, ) Tj ET Q q 0 0 0 rg BT 156.83 307.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 178.46 307.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 202.76 307.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.96 307.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 253.58 307.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 275.21 307.10 Td (were ) Tj ET Q q 0 0 0 rg BT 292.40 307.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 322.92 307.10 Td (from ) Tj ET Q q 0 0 0 rg BT 340.11 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.52 307.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 388.26 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.56 307.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 420.42 307.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 449.17 307.10 Td (per ) Tj ET Q q 0 0 0 rg BT 461.02 307.10 Td (share ) Tj ET Q q 0 0 0 rg BT 479.54 307.10 Td (because ) Tj ET Q q 0 0 0 rg BT 506.50 307.10 Td (their ) Tj ET Q q 0 0 0 rg BT 522.80 307.10 Td (ef) Tj ET Q q 0 0 0 rg BT 528.88 307.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 542.50 307.10 Td (would ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 297.50 Td (have ) Tj ET Q q 0 0 0 rg BT 66.60 297.50 Td (been ) Tj ET Q q 0 0 0 rg BT 83.70 297.50 Td (anti-dilutive ) Tj ET Q q 0 0 0 rg BT 124.80 297.50 Td (for ) Tj ET Q q 0 0 0 rg BT 136.13 297.50 Td (the ) Tj ET Q q 0 0 0 rg BT 147.91 297.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 173.46 297.50 Td (presented:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 261.00 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 261.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 261.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 261.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 261.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 261.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 235.00 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 235.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 235.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 235.00 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 235.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 235.00 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 274 m 434 274 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 274 m 438 274 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 274 m 498 274 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 274 m 562 274 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 274 m 434 274 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 261 m 434 261 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 274 m 438 274 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 274 m 498 274 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 261 m 498 261 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 274 m 562 274 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 261 m 562 261 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 261 m 434 261 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 261 m 498 261 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 261 m 562 261 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 222 m 434 222 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 222 m 498 222 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 222 m 562 222 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 210 m 434 210 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 208 m 434 208 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 222 m 498 222 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 210 m 498 210 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 208 m 498 208 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 222 m 562 222 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 210 m 562 210 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 208 m 562 208 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 278.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.60 278.23 Td (For) Tj ET Q q 0 0 0 rg BT 420.89 278.23 Td ( ) Tj ET Q q 0 0 0 rg BT 422.75 278.23 Td (The ) Tj ET Q q 0 0 0 rg BT 437.79 278.23 Td (Y) Tj ET Q q 0 0 0 rg BT 442.68 278.23 Td (ear) Tj ET Q q 0 0 0 rg BT 453.64 278.23 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 514.37 278.23 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 265.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 265.23 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.50 265.23 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 265.23 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 252.25 Td (Employee stock options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.80 252.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.80 252.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 252.25 Td (2,01) Tj ET Q q 0 0 0 rg BT 554.80 252.25 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 239.25 Td (RSUs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.80 239.25 Td (1,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 239.25 Td (144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 239.25 Td (1,219) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 226.25 Td (Series ) Tj ET Q q 0 0 0 rg BT 73.05 226.25 Td (B ) Tj ET Q q 0 0 0 rg BT 80.39 226.25 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 112.14 226.25 Td (Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.80 226.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.80 226.25 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 226.25 Td (105,167) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 213.23 Td (T) Tj ET Q q 0 0 0 rg BT 56.10 213.23 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 213.23 Td (1,506) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.80 213.23 Td (144) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 213.23 Td (108,397) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 193.90 Td (These ) Tj ET Q q 0 0 0 rg BT 70.67 193.90 Td (instruments ) Tj ET Q q 0 0 0 rg BT 110.07 193.90 Td (may ) Tj ET Q q 0 0 0 rg BT 125.91 193.90 Td (become ) Tj ET Q q 0 0 0 rg BT 152.85 193.90 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 179.36 193.90 Td (in ) Tj ET Q q 0 0 0 rg BT 187.65 193.90 Td (the ) Tj ET Q q 0 0 0 rg BT 199.49 193.90 Td (future. ) Tj ET Q q 0 0 0 rg BT 222.20 193.90 Td (As ) Tj ET Q q 0 0 0 rg BT 233.16 193.90 Td (set ) Tj ET Q q 0 0 0 rg BT 244.12 193.90 Td (forth ) Tj ET Q q 0 0 0 rg BT 261.73 193.90 Td (in ) Tj ET Q q 0 0 0 rg BT 270.02 193.90 Td (the ) Tj ET Q q 0 0 0 rg BT 281.87 193.90 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 317.69 193.90 Td (of ) Tj ET Q q 0 0 0 rg BT 326.42 193.90 Td (Designation ) Tj ET Q q 0 0 0 rg BT 367.15 193.90 Td (for ) Tj ET Q q 0 0 0 rg BT 378.54 193.90 Td (the ) Tj ET Q q 0 0 0 rg BT 390.39 193.90 Td (Series ) Tj ET Q q 0 0 0 rg BT 412.00 193.90 Td (B ) Tj ET Q q 0 0 0 rg BT 419.41 193.90 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 451.23 193.90 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 476.63 193.90 Td (the ) Tj ET Q q 0 0 0 rg BT 488.47 193.90 Td (holders ) Tj ET Q q 0 0 0 rg BT 514.09 193.90 Td (of ) Tj ET Q q 0 0 0 rg BT 522.82 193.90 Td (our ) Tj ET Q q 0 0 0 rg BT 535.55 193.90 Td (Series ) Tj ET Q q 0 0 0 rg BT 557.17 193.90 Td (B ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 184.30 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 81.26 184.30 Td (Shares ) Tj ET Q q 0 0 0 rg BT 104.59 184.30 Td (are ) Tj ET Q q 0 0 0 rg BT 116.35 184.30 Td (not ) Tj ET Q q 0 0 0 rg BT 128.57 184.30 Td (contractually ) Tj ET Q q 0 0 0 rg BT 172.33 184.30 Td (obligated ) Tj ET Q q 0 0 0 rg BT 204.10 184.30 Td (to ) Tj ET Q q 0 0 0 rg BT 212.32 184.30 Td (share ) Tj ET Q q 0 0 0 rg BT 231.20 184.30 Td (in ) Tj ET Q q 0 0 0 rg BT 239.43 184.30 Td (our ) Tj ET Q q 0 0 0 rg BT 252.09 184.30 Td (losses.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 162.70 Td (20. ) Tj ET Q q 0 0 0 rg BT 61.50 162.70 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 162.70 Td (SEGMENT) Tj ET Q q 0 0 0 rg BT 107.36 162.70 Td ( ) Tj ET Q q 0 0 0 rg BT 109.36 162.70 Td (DA) Tj ET Q q 0 0 0 rg BT 120.32 162.70 Td (T) Tj ET Q q 0 0 0 rg BT 125.07 162.70 Td (A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 147.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 147.10 Td (e ) Tj ET Q q 0 0 0 rg BT 61.65 147.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 88.21 147.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.56 147.10 Td (business ) Tj ET Q q 0 0 0 rg BT 129.36 147.10 Td (on ) Tj ET Q q 0 0 0 rg BT 139.05 147.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.28 147.10 Td (geographical ) Tj ET Q q 0 0 0 rg BT 187.28 147.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 206.97 147.10 Td (with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.88 147.10 Td (five) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.32 147.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.00 147.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 268.90 147.10 Td (segments: ) Tj ET Q q 0 0 0 rg BT 302.58 147.10 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 333.82 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.28 147.10 Td (Czech ) Tj ET Q q 0 0 0 rg BT 366.95 147.10 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 399.52 147.10 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 432.09 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.55 147.10 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 467.46 147.10 Td (Republic ) Tj ET Q q 0 0 0 rg BT 498.03 147.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.26 147.10 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 542.95 147.10 Td (which ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 137.50 Td (are ) Tj ET Q q 0 0 0 rg BT 61.92 137.50 Td (also ) Tj ET Q q 0 0 0 rg BT 77.46 137.50 Td (our ) Tj ET Q q 0 0 0 rg BT 90.78 137.50 Td (reportable ) Tj ET Q q 0 0 0 rg BT 125.86 137.50 Td (segments ) Tj ET Q q 0 0 0 rg BT 158.29 137.50 Td (and ) Tj ET Q q 0 0 0 rg BT 172.50 137.50 Td (our ) Tj ET Q q 0 0 0 rg BT 185.82 137.50 Td (main ) Tj ET Q q 0 0 0 rg BT 204.47 137.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 237.33 137.50 Td (countries.) Tj ET Q q 0 0 0 rg BT 270.51 137.50 Td (These ) Tj ET Q q 0 0 0 rg BT 292.27 137.50 Td (segments ) Tj ET Q q 0 0 0 rg BT 324.70 137.50 Td (reflect ) Tj ET Q q 0 0 0 rg BT 347.78 137.50 Td (how ) Tj ET Q q 0 0 0 rg BT 364.21 137.50 Td (CME ) Tj ET Q q 0 0 0 rg BT 384.21 137.50 Td (Ltd.) Tj ET Q q 0 0 0 rg BT 399.54 137.50 Td (s ) Tj ET Q q 0 0 0 rg BT 405.31 137.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 438.17 137.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 481.25 137.50 Td (is ) Tj ET Q q 0 0 0 rg BT 489.24 137.50 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 522.54 137.50 Td (by ) Tj ET Q q 0 0 0 rg BT 533.20 137.50 Td (our ) Tj ET Q q 0 0 0 rg BT 546.51 137.50 Td (chief ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 127.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 81.86 127.90 Td (decision ) Tj ET Q q 0 0 0 rg BT 110.67 127.90 Td (makers, ) Tj ET Q q 0 0 0 rg BT 137.93 127.90 Td (who ) Tj ET Q q 0 0 0 rg BT 153.86 127.90 Td (we ) Tj ET Q q 0 0 0 rg BT 165.33 127.90 Td (have ) Tj ET Q q 0 0 0 rg BT 182.59 127.90 Td (identified ) Tj ET Q q 0 0 0 rg BT 215.40 127.90 Td (as ) Tj ET Q q 0 0 0 rg BT 224.21 127.90 Td (our ) Tj ET Q q 0 0 0 rg BT 237.03 127.90 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 267.17 127.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 301.30 127.90 Td (Of) Tj ET Q q 0 0 0 rg BT 309.60 127.90 Td (ficers; ) Tj ET Q q 0 0 0 rg BT 331.74 127.90 Td (how ) Tj ET Q q 0 0 0 rg BT 347.67 127.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 383.14 127.90 Td (are ) Tj ET Q q 0 0 0 rg BT 395.06 127.90 Td (managed ) Tj ET Q q 0 0 0 rg BT 426.09 127.90 Td (by ) Tj ET Q q 0 0 0 rg BT 436.24 127.90 Td (segment ) Tj ET Q q 0 0 0 rg BT 465.05 127.90 Td (managers; ) Tj ET Q q 0 0 0 rg BT 500.08 127.90 Td (and ) Tj ET Q q 0 0 0 rg BT 513.78 127.90 Td (the ) Tj ET Q q 0 0 0 rg BT 525.70 127.90 Td (structure ) Tj ET Q q 0 0 0 rg BT 555.84 127.90 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 118.30 Td (our ) Tj ET Q q 0 0 0 rg BT 62.16 118.30 Td (internal ) Tj ET Q q 0 0 0 rg BT 88.60 118.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.58 118.30 Td (reporting.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 102.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.59 102.70 Td (segments ) Tj ET Q q 0 0 0 rg BT 95.01 102.70 Td (generate ) Tj ET Q q 0 0 0 rg BT 123.75 102.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 153.83 102.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 185.25 102.70 Td (from ) Tj ET Q q 0 0 0 rg BT 202.45 102.70 Td (the ) Tj ET Q q 0 0 0 rg BT 213.87 102.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 227.96 102.70 Td (of ) Tj ET Q q 0 0 0 rg BT 236.27 102.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 273.47 102.70 Td (and ) Tj ET Q q 0 0 0 rg BT 286.67 102.70 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 326.55 102.70 Td (on ) Tj ET Q q 0 0 0 rg BT 336.20 102.70 Td (our ) Tj ET Q q 0 0 0 rg BT 348.51 102.70 Td (channels. ) Tj ET Q q 0 0 0 rg BT 380.03 102.70 Td (This ) Tj ET Q q 0 0 0 rg BT 395.90 102.70 Td (is ) Tj ET Q q 0 0 0 rg BT 402.89 102.70 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 448.97 102.70 Td (by ) Tj ET Q q 0 0 0 rg BT 458.62 102.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 488.70 102.70 Td (from ) Tj ET Q q 0 0 0 rg BT 505.90 102.70 Td (cable ) Tj ET Q q 0 0 0 rg BT 524.42 102.70 Td (and ) Tj ET Q q 0 0 0 rg BT 537.62 102.70 Td (satellite ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 93.10 Td (television ) Tj ET Q q 0 0 0 rg BT 82.55 93.10 Td (service ) Tj ET Q q 0 0 0 rg BT 107.15 93.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 139.31 93.10 Td (that ) Tj ET Q q 0 0 0 rg BT 153.25 93.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 171.63 93.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.24 93.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 214.17 93.10 Td (on ) Tj ET Q q 0 0 0 rg BT 224.12 93.10 Td (their ) Tj ET Q q 0 0 0 rg BT 240.73 93.10 Td (platforms ) Tj ET Q q 0 0 0 rg BT 273.33 93.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.83 93.10 Td (from ) Tj ET Q q 0 0 0 rg BT 304.33 93.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 334.70 93.10 Td (through ) Tj ET Q q 0 0 0 rg BT 361.54 93.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.26 93.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 387.64 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.25 93.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 435.09 93.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 455.26 93.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.43 93.10 Td (third ) Tj ET Q q 0 0 0 rg BT 480.48 93.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 505.61 93.10 Td (W) Tj ET Q q 0 0 0 rg BT 512.52 93.10 Td (e ) Tj ET Q q 0 0 0 rg BT 518.02 93.10 Td (do ) Tj ET Q q 0 0 0 rg BT 527.96 93.10 Td (not ) Tj ET Q q 0 0 0 rg BT 540.13 93.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 554.52 93.10 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 83.50 Td (any ) Tj ET Q q 0 0 0 rg BT 63.05 83.50 Td (single ) Tj ET Q q 0 0 0 rg BT 84.16 83.50 Td (major ) Tj ET Q q 0 0 0 rg BT 104.82 83.50 Td (customer ) Tj ET Q q 0 0 0 rg BT 136.14 83.50 Td (or ) Tj ET Q q 0 0 0 rg BT 144.81 83.50 Td (group ) Tj ET Q q 0 0 0 rg BT 165.47 83.50 Td (of ) Tj ET Q q 0 0 0 rg BT 174.14 83.50 Td (major ) Tj ET Q q 0 0 0 rg BT 194.80 83.50 Td (customers. ) Tj ET Q q 0 0 0 rg BT 231.23 83.50 Td (Intersegment ) Tj ET Q q 0 0 0 rg BT 275.00 83.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 305.43 83.50 Td (and ) Tj ET Q q 0 0 0 rg BT 318.98 83.50 Td (profits ) Tj ET Q q 0 0 0 rg BT 341.86 83.50 Td (have ) Tj ET Q q 0 0 0 rg BT 358.96 83.50 Td (been ) Tj ET Q q 0 0 0 rg BT 376.07 83.50 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 411.83 83.50 Td (in ) Tj ET Q q 0 0 0 rg BT 420.05 83.50 Td (consolidation.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 67.90 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 67.90 Td (e ) Tj ET Q q 0 0 0 rg BT 61.85 67.90 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 90.39 67.90 Td (our ) Tj ET Q q 0 0 0 rg BT 102.95 67.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 145.27 67.90 Td (results ) Tj ET Q q 0 0 0 rg BT 168.05 67.90 Td (and ) Tj ET Q q 0 0 0 rg BT 181.49 67.90 Td (the ) Tj ET Q q 0 0 0 rg BT 193.15 67.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 235.46 67.90 Td (of ) Tj ET Q q 0 0 0 rg BT 244.02 67.90 Td (our ) Tj ET Q q 0 0 0 rg BT 256.57 67.90 Td (segments ) Tj ET Q q 0 0 0 rg BT 288.23 67.90 Td (based ) Tj ET Q q 0 0 0 rg BT 308.34 67.90 Td (on ) Tj ET Q q 0 0 0 rg BT 318.23 67.90 Td (net ) Tj ET Q q 0 0 0 rg BT 329.89 67.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 360.21 67.90 Td (and ) Tj ET Q q 0 0 0 rg BT 373.66 67.90 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 398.55 67.90 Td ( ) Tj ET Q q 0 0 0 rg BT 400.44 67.90 Td (\(as ) Tj ET Q q 0 0 0 rg BT 411.66 67.90 Td (defined ) Tj ET Q q 0 0 0 rg BT 437.54 67.90 Td (below\). ) Tj ET Q q 0 0 0 rg BT 463.50 67.90 Td (W) Tj ET Q q 0 0 0 rg BT 470.41 67.90 Td (e ) Tj ET Q q 0 0 0 rg BT 475.86 67.90 Td (believe ) Tj ET Q q 0 0 0 rg BT 500.84 67.90 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 525.73 67.90 Td ( ) Tj ET Q q 0 0 0 rg BT 527.63 67.90 Td (is ) Tj ET Q q 0 0 0 rg BT 534.85 67.90 Td (useful ) Tj ET Q q 0 0 0 rg BT 556.29 67.90 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 58.30 Td (investors ) Tj ET Q q 0 0 0 rg BT 80.23 58.30 Td (because ) Tj ET Q q 0 0 0 rg BT 107.39 58.30 Td (it ) Tj ET Q q 0 0 0 rg BT 113.68 58.30 Td (provides ) Tj ET Q q 0 0 0 rg BT 143.07 58.30 Td (a ) Tj ET Q q 0 0 0 rg BT 148.46 58.30 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 186.74 58.30 Td (representation ) Tj ET Q q 0 0 0 rg BT 233.90 58.30 Td (of ) Tj ET Q q 0 0 0 rg BT 242.40 58.30 Td (our ) Tj ET Q q 0 0 0 rg BT 254.91 58.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 297.17 58.30 Td (as ) Tj ET Q q 0 0 0 rg BT 305.68 58.30 Td (it ) Tj ET Q q 0 0 0 rg BT 311.96 58.30 Td (excludes ) Tj ET Q q 0 0 0 rg BT 341.80 58.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 365.40 58.30 Td (items ) Tj ET Q q 0 0 0 rg BT 384.58 58.30 Td (that ) Tj ET Q q 0 0 0 rg BT 398.41 58.30 Td (either ) Tj ET Q q 0 0 0 rg BT 418.47 58.30 Td (do ) Tj ET Q q 0 0 0 rg BT 428.31 58.30 Td (not ) Tj ET Q q 0 0 0 rg BT 440.38 58.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 463.99 58.30 Td (our ) Tj ET Q q 0 0 0 rg BT 476.50 58.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 492.55 58.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 512.17 58.30 Td (or ) Tj ET Q q 0 0 0 rg BT 520.68 58.30 Td (the ) Tj ET Q q 0 0 0 rg BT 532.30 58.30 Td (operating ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 48.70 Td (results ) Tj ET Q q 0 0 0 rg BT 72.39 48.70 Td (of ) Tj ET Q q 0 0 0 rg BT 81.05 48.70 Td (our ) Tj ET Q q 0 0 0 rg BT 93.71 48.70 Td (operations. ) Tj ET Q q 0 0 0 rg BT 131.04 48.70 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 155.93 48.70 Td ( ) Tj ET Q q 0 0 0 rg BT 157.93 48.70 Td (is ) Tj ET Q q 0 0 0 rg BT 165.27 48.70 Td (also ) Tj ET Q q 0 0 0 rg BT 180.15 48.70 Td (used ) Tj ET Q q 0 0 0 rg BT 196.82 48.70 Td (as ) Tj ET Q q 0 0 0 rg BT 205.48 48.70 Td (a ) Tj ET Q q 0 0 0 rg BT 211.03 48.70 Td (component ) Tj ET Q q 0 0 0 rg BT 248.58 48.70 Td (in ) Tj ET Q q 0 0 0 rg BT 256.80 48.70 Td (determining ) Tj ET Q q 0 0 0 rg BT 297.46 48.70 Td (management ) Tj ET Q q 0 0 0 rg BT 340.33 48.70 Td (bonuses.) Tj ET Q endstream endobj 143 0 obj <>] /Rotate 0 /Contents 144 0 R>> endobj 144 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (68) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 74.39 723.50 Td ( ) Tj ET Q q 0 0 0 rg BT 76.03 723.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 104.34 723.50 Td (amortization ) Tj ET Q q 0 0 0 rg BT 146.41 723.50 Td (and ) Tj ET Q q 0 0 0 rg BT 159.60 723.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 198.12 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 206.43 723.50 Td (program ) Tj ET Q q 0 0 0 rg BT 235.17 723.50 Td (rights ) Tj ET Q q 0 0 0 rg BT 255.04 723.50 Td (and ) Tj ET Q q 0 0 0 rg BT 268.23 723.50 Td (is ) Tj ET Q q 0 0 0 rg BT 275.21 723.50 Td (calculated ) Tj ET Q q 0 0 0 rg BT 309.28 723.50 Td (as ) Tj ET Q q 0 0 0 rg BT 317.58 723.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 349.44 723.50 Td (income ) Tj ET Q q 0 0 0 rg BT 374.63 723.50 Td (/ ) Tj ET Q q 0 0 0 rg BT 378.49 723.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 392.58 723.50 Td (before ) Tj ET Q q 0 0 0 rg BT 414.65 723.50 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 457.83 723.50 Td (amortization ) Tj ET Q q 0 0 0 rg BT 499.90 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 508.21 723.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 541.85 723.50 Td (assets, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 713.90 Td (impairments ) Tj ET Q q 0 0 0 rg BT 91.66 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 100.49 713.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 121.32 713.90 Td (and ) Tj ET Q q 0 0 0 rg BT 135.03 713.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 158.96 713.90 Td (unusual ) Tj ET Q q 0 0 0 rg BT 186.01 713.90 Td (or ) Tj ET Q q 0 0 0 rg BT 194.84 713.90 Td (infrequent ) Tj ET Q q 0 0 0 rg BT 229.88 713.90 Td (items ) Tj ET Q q 0 0 0 rg BT 249.38 713.90 Td (that ) Tj ET Q q 0 0 0 rg BT 263.54 713.90 Td (are ) Tj ET Q q 0 0 0 rg BT 275.47 713.90 Td (not ) Tj ET Q q 0 0 0 rg BT 287.86 713.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 324.67 713.90 Td (by ) Tj ET Q q 0 0 0 rg BT 334.84 713.90 Td (our ) Tj ET Q q 0 0 0 rg BT 347.67 713.90 Td (chief ) Tj ET Q q 0 0 0 rg BT 365.82 713.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 398.20 713.90 Td (decision ) Tj ET Q q 0 0 0 rg BT 427.02 713.90 Td (makers ) Tj ET Q q 0 0 0 rg BT 452.29 713.90 Td (when ) Tj ET Q q 0 0 0 rg BT 471.78 713.90 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 507.27 713.90 Td (our ) Tj ET Q q 0 0 0 rg BT 520.10 713.90 Td (performance. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 704.30 Td (From ) Tj ET Q q 0 0 0 rg BT 68.76 704.30 Td (January ) Tj ET Q q 0 0 0 rg BT 95.55 704.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 103.47 704.30 Td (2018, ) Tj ET Q q 0 0 0 rg BT 123.39 704.30 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 163.08 704.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 209.43 704.30 Td (and ) Tj ET Q q 0 0 0 rg BT 222.90 704.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 246.59 704.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 278.72 704.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 296.64 704.30 Td (incurred ) Tj ET Q q 0 0 0 rg BT 325.21 704.30 Td (on ) Tj ET Q q 0 0 0 rg BT 335.13 704.30 Td (behalf ) Tj ET Q q 0 0 0 rg BT 357.04 704.30 Td (of ) Tj ET Q q 0 0 0 rg BT 365.62 704.30 Td (our ) Tj ET Q q 0 0 0 rg BT 378.21 704.30 Td (segments ) Tj ET Q q 0 0 0 rg BT 409.90 704.30 Td (at ) Tj ET Q q 0 0 0 rg BT 417.59 704.30 Td (the ) Tj ET Q q 0 0 0 rg BT 429.29 704.30 Td (corporate ) Tj ET Q q 0 0 0 rg BT 461.41 704.30 Td (level ) Tj ET Q q 0 0 0 rg BT 478.88 704.30 Td (have ) Tj ET Q q 0 0 0 rg BT 495.90 704.30 Td (been ) Tj ET Q q 0 0 0 rg BT 512.92 704.30 Td (allocated ) Tj ET Q q 0 0 0 rg BT 543.71 704.30 Td (to ) Tj ET Q q 0 0 0 rg BT 551.85 704.30 Td (our ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 694.70 Td (segments ) Tj ET Q q 0 0 0 rg BT 81.27 694.70 Td (for ) Tj ET Q q 0 0 0 rg BT 92.60 694.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 123.04 694.70 Td (of ) Tj ET Q q 0 0 0 rg BT 131.71 694.70 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 167.03 694.70 Td (their ) Tj ET Q q 0 0 0 rg BT 183.69 694.70 Td (performance. ) Tj ET Q q 0 0 0 rg BT 228.11 694.70 Td (Prior ) Tj ET Q q 0 0 0 rg BT 246.11 694.70 Td (period ) Tj ET Q q 0 0 0 rg BT 268.54 694.70 Td (information ) Tj ET Q q 0 0 0 rg BT 308.31 694.70 Td (has ) Tj ET Q q 0 0 0 rg BT 320.98 694.70 Td (been ) Tj ET Q q 0 0 0 rg BT 338.08 694.70 Td (recast ) Tj ET Q q 0 0 0 rg BT 358.73 694.70 Td (to ) Tj ET Q q 0 0 0 rg BT 366.95 694.70 Td (conform ) Tj ET Q q 0 0 0 rg BT 396.05 694.70 Td (to ) Tj ET Q q 0 0 0 rg BT 404.28 694.70 Td (the ) Tj ET Q q 0 0 0 rg BT 416.05 694.70 Td (current ) Tj ET Q q 0 0 0 rg BT 440.70 694.70 Td (period ) Tj ET Q q 0 0 0 rg BT 463.14 694.70 Td (presentation.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 679.10 Td (Below ) Tj ET Q q 0 0 0 rg BT 72.13 679.10 Td (are ) Tj ET Q q 0 0 0 rg BT 83.63 679.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 104.03 679.10 Td (showing ) Tj ET Q q 0 0 0 rg BT 132.89 679.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.29 679.10 Td (net ) Tj ET Q q 0 0 0 rg BT 156.80 679.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 188.97 679.10 Td (OIBDA, ) Tj ET Q q 0 0 0 rg BT 218.05 679.10 Td (total ) Tj ET Q q 0 0 0 rg BT 234.01 679.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 256.41 679.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 279.47 679.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 322.09 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.38 679.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 370.00 679.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 390.40 679.10 Td (for ) Tj ET Q q 0 0 0 rg BT 401.47 679.10 Td (our ) Tj ET Q q 0 0 0 rg BT 413.88 679.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 449.84 679.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 484.90 679.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.64 679.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 523.04 679.10 Td (for ) Tj ET Q q 0 0 0 rg BT 534.11 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.62 679.10 Td (years ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 669.50 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.78 669.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 117.83 669.50 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 133.83 669.50 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 138.01 669.50 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 154.01 669.50 Td ( ) Tj ET Q q 0 0 0 rg BT 156.20 669.50 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.93 669.50 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.93 669.50 Td ( ) Tj ET Q q 0 0 0 rg BT 188.11 669.50 Td (for ) Tj ET Q q 0 0 0 rg BT 199.62 669.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 242.23 669.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 278.19 669.50 Td (of ) Tj ET Q q 0 0 0 rg BT 287.03 669.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 322.54 669.50 Td (and ) Tj ET Q q 0 0 0 rg BT 336.27 669.50 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 386.88 669.50 Td (income ) Tj ET Q q 0 0 0 rg BT 412.61 669.50 Td (/ ) Tj ET Q q 0 0 0 rg BT 417.01 669.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 431.64 669.50 Td (data ) Tj ET Q q 0 0 0 rg BT 447.15 669.50 Td (and ) Tj ET Q q 0 0 0 rg BT 460.88 669.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 503.49 669.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 539.45 669.50 Td (of ) Tj ET Q q 0 0 0 rg BT 548.29 669.50 Td (cash ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 659.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 66.16 659.90 Td (data; ) Tj ET Q q 0 0 0 rg BT 83.71 659.90 Td (and ) Tj ET Q q 0 0 0 rg BT 97.26 659.90 Td (as ) Tj ET Q q 0 0 0 rg BT 105.93 659.90 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.70 659.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 160.57 659.90 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 176.57 659.90 Td ( ) Tj ET Q q 0 0 0 rg BT 178.57 659.90 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.12 659.90 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.12 659.90 Td ( ) Tj ET Q q 0 0 0 rg BT 210.12 659.90 Td (for ) Tj ET Q q 0 0 0 rg BT 221.45 659.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 263.88 659.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 290.30 659.90 Td (sheet ) Tj ET Q q 0 0 0 rg BT 308.74 659.90 Td (data.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 623.40 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 623.40 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 623.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 623.40 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 623.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 623.40 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 597.40 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 597.40 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 597.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 597.40 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 597.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 597.40 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 571.40 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 571.40 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 571.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 571.40 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 571.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 571.40 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 545.40 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 545.40 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 545.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 545.40 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 545.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 545.40 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 636.4 m 434 636.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 636.4 m 438 636.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 636.4 m 498 636.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 636.4 m 502 636.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 636.4 m 562 636.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 623.4 m 434 623.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 623.4 m 498 623.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 636.4 m 562 636.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 623.4 m 562 623.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 623.4 m 562 623.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 545.4 m 562 545.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 545.4 m 434 545.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 533.4 m 434 533.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 531.4 m 434 531.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 545.4 m 498 545.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 533.4 m 498 533.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 531.4 m 498 531.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 545.4 m 562 545.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 533.4 m 562 533.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 531.4 m 562 531.4 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 640.63 Td (Net r) Tj ET Q q 0 0 0 rg BT 69.97 640.63 Td (evenues:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.60 640.63 Td (For) Tj ET Q q 0 0 0 rg BT 420.89 640.63 Td ( ) Tj ET Q q 0 0 0 rg BT 422.75 640.63 Td (The ) Tj ET Q q 0 0 0 rg BT 437.79 640.63 Td (Y) Tj ET Q q 0 0 0 rg BT 442.68 640.63 Td (ear) Tj ET Q q 0 0 0 rg BT 453.64 640.63 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 514.37 640.63 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 627.63 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.50 627.63 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 627.63 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 614.65 Td (Bulgaria) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 614.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 614.65 Td (84,593) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.50 614.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 614.65 Td (77,341) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.50 614.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 614.65 Td (72,651) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 601.65 Td (Czech ) Tj ET Q q 0 0 0 rg BT 74.49 601.65 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 601.65 Td (233,991) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 601.65 Td (209,041) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 601.65 Td (190,372) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 588.65 Td (Romania) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 588.65 Td (201,505) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 588.65 Td (191,244) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 588.65 Td (172,951) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 575.65 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 76.72 575.65 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 575.65 Td (106,834) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 575.65 Td (97,721) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 575.65 Td (90,549) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 562.65 Td (Slovenia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 562.65 Td (79,587) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 562.65 Td (68,696) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 562.65 Td (56,912) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 549.65 Td (Intersegment revenues ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 126.69 553.28 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.10 549.65 Td (\(2,604) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 549.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 549.65 Td (\(1,175) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 549.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 549.65 Td (\(429) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 549.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 536.63 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 536.63 Td (otal net r) Tj ET Q q 0 0 0 rg BT 88.06 536.63 Td (evenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 536.63 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 536.63 Td (703,906) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.50 536.63 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.80 536.63 Td (642,868) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.50 536.63 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 536.63 Td (583,006) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 523.92 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 520.30 Td (Reflects ) Tj ET Q q 0 0 0 rg BT 95.71 520.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 126.14 520.30 Td (earned ) Tj ET Q q 0 0 0 rg BT 149.46 520.30 Td (from ) Tj ET Q q 0 0 0 rg BT 167.01 520.30 Td (the ) Tj ET Q q 0 0 0 rg BT 178.78 520.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 193.22 520.30 Td (of ) Tj ET Q q 0 0 0 rg BT 201.88 520.30 Td (content ) Tj ET Q q 0 0 0 rg BT 227.43 520.30 Td (to ) Tj ET Q q 0 0 0 rg BT 235.65 520.30 Td (other ) Tj ET Q q 0 0 0 rg BT 254.09 520.30 Td (country ) Tj ET Q q 0 0 0 rg BT 280.53 520.30 Td (segments ) Tj ET Q q 0 0 0 rg BT 312.30 520.30 Td (in ) Tj ET Q q 0 0 0 rg BT 320.52 520.30 Td (CME ) Tj ET Q q 0 0 0 rg BT 339.86 520.30 Td (Ltd.) Tj ET Q q 0 0 0 rg BT 354.53 520.30 Td (All ) Tj ET Q q 0 0 0 rg BT 366.75 520.30 Td (other ) Tj ET Q q 0 0 0 rg BT 385.19 520.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 415.62 520.30 Td (are ) Tj ET Q q 0 0 0 rg BT 427.38 520.30 Td (third ) Tj ET Q q 0 0 0 rg BT 444.49 520.30 Td (party ) Tj ET Q q 0 0 0 rg BT 462.93 520.30 Td (revenues.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 483.80 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 483.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 483.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 483.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 483.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 483.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 457.80 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 457.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 457.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 457.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 457.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 457.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 431.80 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 431.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 431.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 431.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 431.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 431.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 405.80 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 405.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 405.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 405.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 405.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 405.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 379.80 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 379.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 379.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 379.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 379.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 379.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 353.80 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 353.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 353.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 353.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 353.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 353.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 327.80 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 327.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 327.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 327.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 327.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 327.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 301.80 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 301.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 301.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 301.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 301.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 301.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 275.80 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 275.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 275.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 275.80 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 275.80 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 275.80 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 496.79999999999995 m 434 496.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 496.79999999999995 m 438 496.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 496.79999999999995 m 498 496.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 496.79999999999995 m 502 496.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 496.79999999999995 m 562 496.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 483.79999999999995 m 434 483.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 483.79999999999995 m 498 483.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 496.79999999999995 m 562 496.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 483.79999999999995 m 562 483.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 483.79999999999995 m 562 483.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 405.79999999999995 m 562 405.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 405.79999999999995 m 434 405.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 405.79999999999995 m 498 405.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 405.79999999999995 m 562 405.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 379.79999999999995 m 562 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 379.79999999999995 m 434 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 379.79999999999995 m 498 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 379.79999999999995 m 562 379.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 327.79999999999995 m 434 327.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 327.79999999999995 m 498 327.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 327.79999999999995 m 434 327.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 327.79999999999995 m 498 327.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 327.79999999999995 m 562 327.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 275.79999999999995 m 434 275.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 275.79999999999995 m 498 275.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 275.79999999999995 m 562 275.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 275.79999999999995 m 434 275.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 263.79999999999995 m 434 263.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 261.79999999999995 m 434 261.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 275.79999999999995 m 498 275.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 263.79999999999995 m 498 263.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 261.79999999999995 m 498 261.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 275.79999999999995 m 562 275.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 263.79999999999995 m 562 263.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 261.79999999999995 m 562 261.79999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 501.03 Td (OIBDA:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.60 501.03 Td (For) Tj ET Q q 0 0 0 rg BT 420.89 501.03 Td ( ) Tj ET Q q 0 0 0 rg BT 422.75 501.03 Td (The ) Tj ET Q q 0 0 0 rg BT 437.79 501.03 Td (Y) Tj ET Q q 0 0 0 rg BT 442.68 501.03 Td (ear) Tj ET Q q 0 0 0 rg BT 453.64 501.03 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 514.37 501.03 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 488.03 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.50 488.03 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 488.03 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 475.05 Td (Bulgaria) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 475.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 475.05 Td (21,620) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.50 475.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 475.05 Td (16,241) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.50 475.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 475.05 Td (12,004) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 462.05 Td (Czech ) Tj ET Q q 0 0 0 rg BT 74.49 462.05 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 462.05 Td (94,576) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 462.05 Td (82,652) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 462.05 Td (76,466) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 449.05 Td (Romania) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 449.05 Td (85,737) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 449.05 Td (73,418) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 449.05 Td (61,394) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 436.05 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 76.72 436.05 Td (Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 436.05 Td (27,941) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 436.05 Td (23,845) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 436.05 Td (15,598) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 423.05 Td (Slovenia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 423.05 Td (22,516) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 423.05 Td (14,263) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 423.05 Td (4,674) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 410.05 Td (Elimination) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.80 410.05 Td (34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 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Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 345.05 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 97.16 345.05 Td (of ) Tj ET Q q 0 0 0 rg BT 105.82 345.05 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 138.47 345.05 Td (licenses ) Tj ET Q q 0 0 0 rg BT 165.80 345.05 Td (and ) Tj ET Q q 0 0 0 rg BT 179.35 345.05 Td (other ) Tj ET Q q 0 0 0 rg BT 197.79 345.05 Td (intangibles) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.10 345.05 Td (\(9,002) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 345.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 345.05 Td (\(8,592) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 345.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 345.05 Td (\(8,270) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 345.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 332.05 Td (Other ) Tj ET Q q 0 0 0 rg BT 72.71 332.05 Td (items ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 92.05 335.68 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.10 332.05 Td (\(3,152) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 332.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.80 332.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 332.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 319.03 Td (Operating ) Tj ET Q q 0 0 0 rg BT 89.61 319.03 Td (income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 319.03 Td (177,587) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.80 319.03 Td (139,914) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 319.03 Td (105,748) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 306.05 Td (Interest ) Tj ET Q q 0 0 0 rg BT 78.49 306.05 Td (expense ) Tj ET Q q 0 0 0 rg BT 106.25 306.05 Td (\(Note ) Tj ET Q q 0 0 0 rg BT 126.47 306.05 Td (15\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.10 306.05 Td (\(49,106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 306.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.10 306.05 Td (\(83,188) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 306.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 306.05 Td (\(126,378) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 306.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 293.05 Td (Loss ) Tj ET Q q 0 0 0 rg BT 69.61 293.05 Td (on ) Tj ET Q q 0 0 0 rg BT 79.61 293.05 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 130.94 293.05 Td (of ) Tj ET Q q 0 0 0 rg BT 139.61 293.05 Td (debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.10 293.05 Td (\(415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 293.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.10 293.05 Td (\(101) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.80 293.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 293.05 Td (\(150,158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 293.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 280.05 Td (Other ) Tj ET Q q 0 0 0 rg BT 72.71 280.05 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 119.59 280.05 Td (\(expense\) ) Tj ET Q q 0 0 0 rg BT 152.68 280.05 Td (/ ) Tj ET Q q 0 0 0 rg BT 156.91 280.05 Td (income, ) Tj ET Q q 0 0 0 rg BT 184.45 280.05 Td (net ) Tj ET Q q 0 0 0 rg BT 196.23 280.05 Td (\(Note ) Tj ET Q q 0 0 0 rg BT 216.44 280.05 Td (16\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.10 280.05 Td (\(3,173) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.80 280.05 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 280.05 Td (16,942) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 280.05 Td (\(2,252) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 280.05 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 267.03 Td (Income ) Tj ET Q q 0 0 0 rg BT 79.83 267.03 Td (/ ) Tj ET Q q 0 0 0 rg BT 84.05 267.03 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 103.83 267.03 Td (befor) Tj ET Q q 0 0 0 rg BT 121.90 267.03 Td (e ) Tj ET Q q 0 0 0 rg BT 127.45 267.03 Td (tax) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 267.03 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 267.03 Td (124,893) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.50 267.03 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 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(771,286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 195.85 Td (842,716) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 182.85 Td (Romania) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.80 182.85 Td (297,937) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 182.85 Td (307,286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 169.85 Td (Slovak Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.80 169.85 Td (146,252) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 169.85 Td (149,866) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 156.85 Td (Slovenia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.80 156.85 Td (89,440) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 156.85 Td (88,158) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 143.83 Td (T) Tj ET Q q 0 0 0 rg BT 56.47 143.83 Td (otal operating segments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 143.83 Td (1,447,080) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.80 143.83 Td (1,543,91) Tj ET Q q 0 0 0 rg BT 554.80 143.83 Td (1) Tj ET Q BT 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8.00 Tf ET q 0 0 0 rg BT 540.30 654.75 Td (1,693) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 641.75 Td (Slovenia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 641.75 Td (4,200) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 641.75 Td (3,171) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 641.75 Td (4,128) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 628.73 Td (T) Tj ET Q q 0 0 0 rg BT 56.97 628.73 Td (otal operating segments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 628.73 Td (23,802) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.30 628.73 Td (26,806) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 628.73 Td (24,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 615.75 Td (Corporate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 615.75 Td (781) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 615.75 Td (1,309) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 615.75 Td (2,705) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 602.73 Td (T) Tj ET Q q 0 0 0 rg BT 56.60 602.73 Td (otal 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m 562 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 510.5 m 466 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 510.5 m 562 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 484.5 m 466 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 472.5 m 466 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 470.5 m 466 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 484.5 m 562 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 472.5 m 562 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 470.5 m 562 470.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 579.73 Td (Long-lived assets: ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 114.61 583.36 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.00 579.73 Td (December) Tj ET Q q 0 0 0 rg BT 432.57 579.73 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 579.73 Td (December) Tj ET Q q 0 0 0 rg BT 528.50 579.73 Td ( 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 566.75 Td (Bulgaria) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 566.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.80 566.75 Td (10,627) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.50 566.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 566.75 Td (7,863) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 553.75 Td (Czech Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.80 553.75 Td (39,314) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 553.75 Td (46,146) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 540.75 Td (Romania) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.80 540.75 Td (33,368) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 540.75 Td (28,515) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 527.75 Td (Slovak Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.80 527.75 Td (16,376) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 527.75 Td (17,450) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 514.75 Td (Slovenia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.80 514.75 Td (15,955) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 514.75 Td (15,701) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 501.73 Td (T) Tj ET Q q 0 0 0 rg BT 56.47 501.73 Td (otal operating segments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.80 501.73 Td (1) Tj ET Q q 0 0 0 rg BT 440.80 501.73 Td (15,640) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 501.73 Td (1) Tj ET Q q 0 0 0 rg BT 536.80 501.73 Td (15,675) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 488.75 Td (Corporate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.80 488.75 Td (1,964) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 488.75 Td (3,674) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 475.73 Td (T) Tj ET Q q 0 0 0 rg BT 56.10 475.73 Td (otal long-lived assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 475.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.80 475.73 Td (1) Tj ET Q q 0 0 0 rg BT 440.80 475.73 Td (17,604) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.50 475.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 475.73 Td (1) Tj ET Q q 0 0 0 rg BT 536.80 475.73 Td (19,349) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 463.02 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 459.40 Td (Reflects ) Tj ET Q q 0 0 0 rg BT 95.71 459.40 Td (property) Tj ET Q q 0 0 0 rg BT 122.29 459.40 Td (, ) Tj ET Q q 0 0 0 rg BT 126.29 459.40 Td (plant ) Tj ET Q q 0 0 0 rg BT 144.29 459.40 Td (and ) Tj ET Q q 0 0 0 rg BT 157.84 459.40 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 195.61 459.40 Td (net.) 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437.5 407.3 m 497.5 407.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 420.3 m 561.5 420.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 407.3 m 561.5 407.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 407.3 m 433.5 407.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 407.3 m 561.5 407.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 368.3 m 433.5 368.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 368.3 m 561.5 368.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 368.3 m 433.5 368.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 356.3 m 433.5 356.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 354.3 m 433.5 354.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 368.3 m 497.5 368.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 356.3 m 497.5 356.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 354.3 m 497.5 354.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 368.3 m 561.5 368.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 356.3 m 561.5 356.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 354.3 m 561.5 354.3 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 424.53 Td (Consolidated r) Tj ET Q q 0 0 0 rg BT 102.38 424.53 Td (evenue by type:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.10 424.53 Td (For) Tj ET Q q 0 0 0 rg BT 420.39 424.53 Td ( ) Tj ET Q q 0 0 0 rg BT 422.25 424.53 Td (The ) Tj ET Q q 0 0 0 rg BT 437.29 424.53 Td (Y) Tj ET Q q 0 0 0 rg BT 442.18 424.53 Td (ear) Tj ET Q q 0 0 0 rg BT 453.14 424.53 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 513.87 424.53 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 411.53 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 411.53 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.00 411.53 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 398.55 Td (T) Tj ET Q q 0 0 0 rg BT 56.61 398.55 Td (elevision advertising) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 398.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.30 398.55 Td (562,450) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.00 398.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 398.55 Td (523,516) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.00 398.55 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 398.55 Td (483,504) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 385.55 Td (Carriage fees and subscriptions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.30 385.55 Td (1) Tj ET Q q 0 0 0 rg BT 408.30 385.55 Td (13,746) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 385.55 Td (95,823) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 385.55 Td (76,045) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 372.55 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.30 372.55 Td (27,710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 372.55 Td (23,529) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 372.55 Td (23,457) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 359.53 Td (T) 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BT 164.80 328.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 195.23 328.60 Td (from ) Tj ET Q q 0 0 0 rg BT 212.78 328.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 243.66 328.60 Td (with ) Tj ET Q q 0 0 0 rg BT 259.88 328.60 Td (customers.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 307.00 Td (21. ) Tj ET Q q 0 0 0 rg BT 67.50 307.00 Td (COMMITMENTS ) Tj ET Q q 0 0 0 rg BT 133.06 307.00 Td (AND ) Tj ET Q q 0 0 0 rg BT 152.39 307.00 Td (CONTINGENCIES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 291.40 Td (Commitments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 275.80 Td (a\) ) Tj ET Q q 0 0 0 rg BT 58.50 275.80 Td (Pr) Tj ET Q q 0 0 0 rg BT 66.20 275.80 Td (ogramming ) Tj ET Q q 0 0 0 rg BT 105.09 275.80 Td (Rights ) Tj ET Q q 0 0 0 rg BT 127.39 275.80 Td (Agr) Tj ET Q q 0 0 0 rg BT 139.10 275.80 Td (eements ) Tj ET Q q 0 0 0 rg BT 166.86 275.80 Td (and ) Tj ET Q q 0 0 0 rg BT 180.86 275.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 201.53 275.80 Td (Commitments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 260.20 Td (At ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.94 260.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.26 260.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 123.26 260.20 Td (, ) Tj ET Q q 0 0 0 rg BT 127.70 260.20 Td (we ) Tj ET Q q 0 0 0 rg BT 139.47 260.20 Td (had ) Tj ET Q q 0 0 0 rg BT 153.47 260.20 Td (total ) Tj ET Q q 0 0 0 rg BT 170.13 260.20 Td (commitments ) Tj ET Q q 0 0 0 rg BT 216.13 260.20 Td (of ) Tj ET Q q 0 0 0 rg BT 225.23 260.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.91 260.20 Td (62.8 ) Tj ET Q q 0 0 0 rg BT 258.35 260.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.46 260.20 Td ( ) Tj ET Q q 0 0 0 rg BT 283.91 260.20 Td (\() Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.57 260.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 333.88 260.20 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.88 260.20 Td (: ) Tj ET Q q 0 0 0 rg BT 354.55 260.20 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.22 260.20 Td (108.8 ) Tj ET Q q 0 0 0 rg BT 391.67 260.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.78 260.20 Td (\) ) Tj ET Q q 0 0 0 rg BT 419.89 260.20 Td (in ) Tj ET Q q 0 0 0 rg BT 428.55 260.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 453.65 260.20 Td (of ) Tj ET Q q 0 0 0 rg BT 462.76 260.20 Td (future ) Tj ET Q q 0 0 0 rg BT 484.30 260.20 Td (programming, ) Tj ET Q q 0 0 0 rg BT 532.30 260.20 Td (including ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 250.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 80.49 250.60 Td (signed ) Tj ET Q q 0 0 0 rg BT 103.50 250.60 Td (with ) Tj ET Q q 0 0 0 rg BT 119.84 250.60 Td (license ) Tj ET Q q 0 0 0 rg BT 144.17 250.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 169.84 250.60 Td (starting ) Tj ET Q q 0 0 0 rg BT 195.95 250.60 Td (after ) Tj ET Q q 0 0 0 rg BT 212.72 250.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.61 250.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 251.16 250.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 269.71 250.60 Td (date. ) Tj ET Q q 0 0 0 rg BT 287.16 250.60 Td (In ) Tj ET Q q 0 0 0 rg BT 295.94 250.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 326.27 250.60 Td (we ) Tj ET Q q 0 0 0 rg BT 337.72 250.60 Td (have ) Tj ET Q q 0 0 0 rg BT 354.94 250.60 Td (digital ) Tj ET Q q 0 0 0 rg BT 377.50 250.60 Td (transmission ) Tj ET Q q 0 0 0 rg BT 420.06 250.60 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 459.74 250.60 Td (future ) Tj ET Q q 0 0 0 rg BT 480.96 250.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 514.19 250.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 546.52 250.60 Td (lease ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 241.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 82.16 241.00 Td (for ) Tj ET Q q 0 0 0 rg BT 93.49 241.00 Td (non-cancellable ) Tj ET Q q 0 0 0 rg BT 146.13 241.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 178.34 241.00 Td (leases ) Tj ET Q q 0 0 0 rg BT 199.44 241.00 Td (with ) Tj ET Q q 0 0 0 rg BT 215.66 241.00 Td (remaining ) Tj ET Q q 0 0 0 rg BT 250.09 241.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 269.87 241.00 Td (in ) Tj ET Q q 0 0 0 rg BT 278.09 241.00 Td (excess ) Tj ET Q q 0 0 0 rg BT 300.97 241.00 Td (of ) Tj ET Q q 0 0 0 rg BT 309.63 241.00 Td (one ) Tj ET Q q 0 0 0 rg BT 323.18 241.00 Td (year ) Tj ET Q q 0 0 0 rg BT 338.95 241.00 Td (\(net ) Tj ET Q q 0 0 0 rg BT 353.39 241.00 Td (of ) Tj ET Q q 0 0 0 rg BT 362.05 241.00 Td (any ) Tj ET Q q 0 0 0 rg BT 375.60 241.00 Td (sublease ) Tj ET Q q 0 0 0 rg BT 404.70 241.00 Td (income\) ) Tj ET Q q 0 0 0 rg BT 432.91 241.00 Td (and ) Tj ET Q q 0 0 0 rg BT 446.46 241.00 Td (other ) Tj ET Q q 0 0 0 rg BT 464.90 241.00 Td (commitments ) Tj ET Q q 0 0 0 rg BT 510.45 241.00 Td (as ) Tj ET Q q 0 0 0 rg BT 519.12 241.00 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 209.50 106.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 156.00 209.50 99.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 209.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 209.50 98.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 209.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 209.50 99.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.00 209.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 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213.73 Td (Operating leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.30 213.73 Td (Capital expenditur) Tj ET Q q 0 0 0 rg BT 552.83 213.73 Td (es) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 200.75 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 158.50 200.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.80 200.75 Td (23,574) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.50 200.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.80 200.75 Td (12,614) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.50 200.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.80 200.75 Td (2,732) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.50 200.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.80 200.75 Td (503) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 187.75 Td (2020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.80 187.75 Td (18,647) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.80 187.75 Td (8,316) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.80 187.75 Td (2,532) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 187.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 174.75 Td (2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.80 174.75 Td (13,157) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.80 174.75 Td (2,678) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.80 174.75 Td (1,970) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 174.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 161.75 Td (2022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.80 161.75 Td (5,313) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.80 161.75 Td (2,758) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.80 161.75 Td (1,305) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 161.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 148.75 Td (2023) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.80 148.75 Td (403) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.80 148.75 Td (3,086) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.80 148.75 Td (1,188) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 148.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 135.75 Td (2024 ) Tj ET Q q 0 0 0 rg BT 70.50 135.75 Td (and ) Tj ET Q q 0 0 0 rg BT 84.05 135.75 Td (thereafter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.80 135.75 Td (1,680) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 135.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.80 135.75 Td (2,751) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 135.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 122.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 122.73 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 158.50 122.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.80 122.73 Td (62,774) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.50 122.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.80 122.73 Td (29,452) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.50 122.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.80 122.73 Td (12,478) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 122.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.80 122.73 Td (503) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 110.02 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 106.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 87.71 106.40 Td (commitments ) Tj ET Q q 0 0 0 rg BT 133.27 106.40 Td (are ) Tj ET Q q 0 0 0 rg BT 145.03 106.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 176.80 106.40 Td (comprised ) Tj ET Q q 0 0 0 rg BT 212.13 106.40 Td (of ) Tj ET Q q 0 0 0 rg BT 220.79 106.40 Td (digital ) Tj ET Q q 0 0 0 rg BT 243.23 106.40 Td (transmission ) Tj ET Q q 0 0 0 rg BT 285.68 106.40 Td (commitments.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 90.80 Td (For ) Tj ET Q q 0 0 0 rg BT 62.91 90.80 Td (the ) Tj ET Q q 0 0 0 rg BT 74.99 90.80 Td (years ) Tj ET Q q 0 0 0 rg BT 94.17 90.80 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 115.57 90.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 162.73 90.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.73 90.80 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 183.03 90.80 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.03 90.80 Td ( ) Tj ET Q q 0 0 0 rg BT 201.33 90.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.18 90.80 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.18 90.80 Td (, ) Tj ET Q q 0 0 0 rg BT 235.48 90.80 Td (we ) Tj ET Q q 0 0 0 rg BT 247.11 90.80 Td (incurred ) Tj ET Q q 0 0 0 rg BT 276.06 90.80 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 309.45 90.80 Td (rent ) Tj ET Q q 0 0 0 rg BT 324.19 90.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 352.26 90.80 Td (on ) Tj ET Q q 0 0 0 rg BT 362.56 90.80 Td (all ) Tj ET Q q 0 0 0 rg BT 372.85 90.80 Td (facilities ) Tj ET Q q 0 0 0 rg BT 402.69 90.80 Td (of ) Tj ET Q q 0 0 0 rg BT 411.66 90.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.18 90.80 Td (9.3 ) Tj ET Q q 0 0 0 rg BT 440.48 90.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.60 90.80 Td (, ) Tj ET Q q 0 0 0 rg BT 467.90 90.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.42 90.80 Td (9.0 ) Tj ET Q q 0 0 0 rg BT 496.72 90.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.84 90.80 Td ( ) Tj ET Q q 0 0 0 rg BT 522.14 90.80 Td (and ) Tj ET Q q 0 0 0 rg BT 535.99 90.80 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.51 90.80 Td (7.8 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 81.20 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.61 81.20 Td (, ) Tj ET Q q 0 0 0 rg BT 76.61 81.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 114.74 81.20 Td (.) 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rg BT 250.39 584.40 Td (of ) Tj ET Q q 0 0 0 rg BT 259.43 584.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 308.00 584.40 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.37 584.40 Td (8.3 ) Tj ET Q q 0 0 0 rg BT 338.74 584.40 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.85 584.40 Td (, ) Tj ET Q q 0 0 0 rg BT 366.22 584.40 Td (allegedly ) Tj ET Q q 0 0 0 rg BT 397.91 584.40 Td (matured ) Tj ET Q q 0 0 0 rg BT 426.49 584.40 Td (in ) Tj ET Q q 0 0 0 rg BT 435.08 584.40 Td (2015; ) Tj ET Q q 0 0 0 rg BT 455.67 584.40 Td (and ) Tj ET Q q 0 0 0 rg BT 469.59 584.40 Td (the ) Tj ET Q q 0 0 0 rg BT 481.73 584.40 Td (other ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.54 584.40 Td (two) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.54 584.40 Td (, ) Tj ET Q q 0 0 0 rg BT 516.90 584.40 Td (each ) Tj ET Q q 0 0 0 rg BT 533.92 584.40 Td (of ) Tj ET Q q 0 0 0 rg BT 542.96 584.40 Td (which ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 574.80 Td (purportedly ) Tj ET Q q 0 0 0 rg BT 88.97 574.80 Td (has ) Tj ET Q q 0 0 0 rg BT 101.78 574.80 Td (a ) Tj ET Q q 0 0 0 rg BT 107.47 574.80 Td (face ) Tj ET Q q 0 0 0 rg BT 122.93 574.80 Td (value ) Tj ET Q q 0 0 0 rg BT 142.40 574.80 Td (of ) Tj ET Q q 0 0 0 rg BT 151.21 574.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 199.56 574.80 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 217.71 574.80 Td (26.2 ) Tj ET Q q 0 0 0 rg BT 233.85 574.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.96 574.80 Td (, ) Tj ET Q q 0 0 0 rg BT 261.11 574.80 Td (allegedly ) Tj ET Q q 0 0 0 rg BT 292.57 574.80 Td (matured ) Tj ET Q q 0 0 0 rg BT 320.93 574.80 Td (in ) Tj ET Q q 0 0 0 rg BT 329.30 574.80 Td (2016. ) Tj ET Q q 0 0 0 rg BT 349.29 574.80 Td (The ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.87 574.80 Td (four) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.20 574.80 Td ( ) Tj ET Q q 0 0 0 rg BT 379.34 574.80 Td (notes ) Tj ET Q q 0 0 0 rg BT 398.37 574.80 Td (accrue ) Tj ET Q q 0 0 0 rg BT 421.38 574.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 447.08 574.80 Td (from ) Tj ET Q q 0 0 0 rg BT 464.77 574.80 Td (their ) Tj ET Q q 0 0 0 rg BT 481.58 574.80 Td (purported ) Tj ET Q q 0 0 0 rg BT 514.82 574.80 Td (maturity ) Tj ET Q q 0 0 0 rg BT 544.07 574.80 Td (dates. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 565.20 Td (Although ) Tj ET Q q 0 0 0 rg BT 81.29 565.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 90.63 565.20 Td (. ) Tj ET Q q 0 0 0 rg BT 94.19 565.20 Td (Rusko ) Tj ET Q q 0 0 0 rg BT 116.21 565.20 Td (has ) Tj ET Q q 0 0 0 rg BT 128.44 565.20 Td (asserted, ) Tj ET Q q 0 0 0 rg BT 157.77 565.20 Td (both ) Tj ET Q q 0 0 0 rg BT 173.56 565.20 Td (in ) Tj ET Q q 0 0 0 rg BT 181.35 565.20 Td (written ) Tj ET Q q 0 0 0 rg BT 205.57 565.20 Td (responses ) Tj ET Q q 0 0 0 rg BT 238.25 565.20 Td (to ) Tj ET Q q 0 0 0 rg BT 246.04 565.20 Td (active ) Tj ET Q q 0 0 0 rg BT 266.70 565.20 Td (claims ) Tj ET Q q 0 0 0 rg BT 289.15 565.20 Td (filed ) Tj ET Q q 0 0 0 rg BT 305.38 565.20 Td (in ) Tj ET Q q 0 0 0 rg BT 313.16 565.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 337.38 565.20 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.61 565.20 Td (three) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.60 565.20 Td ( ) Tj ET Q q 0 0 0 rg BT 363.17 565.20 Td (of ) Tj ET Q q 0 0 0 rg BT 371.40 565.20 Td (the ) Tj ET Q q 0 0 0 rg BT 382.74 565.20 Td (promissory ) Tj ET Q q 0 0 0 rg BT 420.30 565.20 Td (notes ) Tj ET Q q 0 0 0 rg BT 438.76 565.20 Td (as ) Tj ET Q q 0 0 0 rg BT 446.99 565.20 Td (well ) Tj ET Q q 0 0 0 rg BT 462.33 565.20 Td (as ) Tj ET Q q 0 0 0 rg BT 470.56 565.20 Td (in ) Tj ET Q q 0 0 0 rg BT 478.35 565.20 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 515.46 565.20 Td (oral ) Tj ET Q q 0 0 0 rg BT 529.47 565.20 Td (testimony) Tj ET Q q 0 0 0 rg BT 560.50 565.20 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 555.60 Td (that ) Tj ET Q q 0 0 0 rg BT 63.50 555.60 Td (he ) Tj ET Q q 0 0 0 rg BT 73.05 555.60 Td (signed ) Tj ET Q q 0 0 0 rg BT 95.93 555.60 Td (the ) Tj ET Q q 0 0 0 rg BT 107.71 555.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 126.59 555.60 Td (in ) Tj ET Q q 0 0 0 rg BT 134.82 555.60 Td (June ) Tj ET Q q 0 0 0 rg BT 151.48 555.60 Td (2000, ) Tj ET Q q 0 0 0 rg BT 171.48 555.60 Td (we ) Tj ET Q q 0 0 0 rg BT 182.81 555.60 Td (do ) Tj ET Q q 0 0 0 rg BT 192.81 555.60 Td (not ) Tj ET Q q 0 0 0 rg BT 205.03 555.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 230.13 555.60 Td (that ) Tj ET Q q 0 0 0 rg BT 244.13 555.60 Td (the ) Tj ET Q q 0 0 0 rg BT 255.90 555.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 274.79 555.60 Td (were ) Tj ET Q q 0 0 0 rg BT 292.33 555.60 Td (signed ) Tj ET Q q 0 0 0 rg BT 315.21 555.60 Td (in ) Tj ET Q q 0 0 0 rg BT 323.44 555.60 Td (June ) Tj ET Q q 0 0 0 rg BT 340.10 555.60 Td (2000 ) Tj ET Q q 0 0 0 rg BT 358.10 555.60 Td (or ) Tj ET Q q 0 0 0 rg BT 366.77 555.60 Td (that ) Tj ET Q q 0 0 0 rg BT 380.76 555.60 Td (any ) Tj ET Q q 0 0 0 rg BT 394.31 555.60 Td (of ) Tj ET Q q 0 0 0 rg BT 402.98 555.60 Td (the ) Tj ET Q q 0 0 0 rg BT 414.75 555.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 433.64 555.60 Td (are ) Tj ET Q q 0 0 0 rg BT 445.40 555.60 Td (authentic. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 540.00 Td (Despite ) Tj ET Q q 0 0 0 rg BT 76.04 540.00 Td (a ) Tj ET Q q 0 0 0 rg BT 81.69 540.00 Td (random ) Tj ET Q q 0 0 0 rg BT 108.22 540.00 Td (case ) Tj ET Q q 0 0 0 rg BT 124.09 540.00 Td (assignment ) Tj ET Q q 0 0 0 rg BT 162.19 540.00 Td (system ) Tj ET Q q 0 0 0 rg BT 186.51 540.00 Td (in ) Tj ET Q q 0 0 0 rg BT 194.83 540.00 Td (the ) Tj ET Q q 0 0 0 rg BT 206.70 540.00 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 231.03 540.00 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 264.01 540.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 286.99 540.00 Td (in ) Tj ET Q q 0 0 0 rg BT 295.31 540.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 320.06 540.00 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.83 540.00 Td (three) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.82 540.00 Td ( ) Tj ET Q q 0 0 0 rg BT 346.92 540.00 Td (of ) Tj ET Q q 0 0 0 rg BT 355.68 540.00 Td (the ) Tj ET Q q 0 0 0 rg BT 367.55 540.00 Td (notes ) Tj ET Q q 0 0 0 rg BT 386.54 540.00 Td (were ) Tj ET Q q 0 0 0 rg BT 404.18 540.00 Td (initially ) Tj ET Q q 0 0 0 rg BT 431.17 540.00 Td (assigned ) Tj ET Q q 0 0 0 rg BT 460.82 540.00 Td (to ) Tj ET Q q 0 0 0 rg BT 469.14 540.00 Td (the ) Tj ET Q q 0 0 0 rg BT 481.01 540.00 Td (same ) Tj ET Q q 0 0 0 rg BT 499.55 540.00 Td (judge. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.42 540.00 Td (One) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.75 540.00 Td ( ) Tj ET Q q 0 0 0 rg BT 536.85 540.00 Td (of ) Tj ET Q q 0 0 0 rg BT 545.62 540.00 Td (those ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 530.40 Td (claims, ) Tj ET Q q 0 0 0 rg BT 75.16 530.40 Td (concerning ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.48 530.40 Td (one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 125.03 530.40 Td ( ) Tj ET Q q 0 0 0 rg BT 127.81 530.40 Td (of ) Tj ET Q q 0 0 0 rg BT 137.25 530.40 Td (the ) Tj ET Q q 0 0 0 rg BT 149.80 530.40 Td (promissory ) Tj ET Q q 0 0 0 rg BT 188.58 530.40 Td (notes ) Tj ET Q q 0 0 0 rg BT 208.25 530.40 Td (having ) Tj ET Q q 0 0 0 rg BT 232.80 530.40 Td (a ) Tj ET Q q 0 0 0 rg BT 239.13 530.40 Td (face ) Tj ET Q q 0 0 0 rg BT 255.22 530.40 Td (value ) Tj ET Q q 0 0 0 rg BT 275.32 530.40 Td (of ) Tj ET Q q 0 0 0 rg BT 284.77 530.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 333.75 530.40 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.53 530.40 Td (8.3 ) Tj ET Q q 0 0 0 rg BT 365.31 530.40 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.42 530.40 Td ( ) Tj ET Q q 0 0 0 rg BT 391.20 530.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 406.42 530.40 Td (First ) Tj ET Q q 0 0 0 rg BT 427.42 530.40 Td (PN ) Tj ET Q q 0 0 0 rg BT 440.42 530.40 Td (Case\), ) Tj ET Q q 0 0 0 rg BT 466.96 530.40 Td (was ) Tj ET Q q 0 0 0 rg BT 482.18 530.40 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 526.74 530.40 Td (reassigned. ) Tj ET Q q 0 0 0 rg BT 564.50 530.40 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 520.80 Td (Proceedings ) Tj ET Q q 0 0 0 rg BT 90.91 520.80 Td (on ) Tj ET Q q 0 0 0 rg BT 101.22 520.80 Td (the ) Tj ET Q q 0 0 0 rg BT 113.31 520.80 Td (claim ) Tj ET Q q 0 0 0 rg BT 133.39 520.80 Td (in ) Tj ET Q q 0 0 0 rg BT 141.92 520.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 166.89 520.80 Td (of ) Tj ET Q q 0 0 0 rg BT 175.86 520.80 Td (the ) Tj ET Q q 0 0 0 rg BT 187.95 520.80 Td (fourth ) Tj ET Q q 0 0 0 rg BT 209.81 520.80 Td (promissory ) Tj ET Q q 0 0 0 rg BT 248.12 520.80 Td (note ) Tj ET Q q 0 0 0 rg BT 264.21 520.80 Td (\(in ) Tj ET Q q 0 0 0 rg BT 275.41 520.80 Td (the ) Tj ET Q q 0 0 0 rg BT 287.49 520.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 313.80 520.80 Td (of ) Tj ET Q q 0 0 0 rg BT 322.77 520.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 371.29 520.80 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.60 520.80 Td (26.2 ) Tj ET Q q 0 0 0 rg BT 405.92 520.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.03 520.80 Td (\) ) Tj ET Q q 0 0 0 rg BT 434.00 520.80 Td (were ) Tj ET Q q 0 0 0 rg BT 451.86 520.80 Td (terminated ) Tj ET Q q 0 0 0 rg BT 488.38 520.80 Td (in ) Tj ET Q q 0 0 0 rg BT 496.91 520.80 Td (January ) Tj ET Q q 0 0 0 rg BT 524.10 520.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 542.41 520.80 Td (by ) Tj ET Q q 0 0 0 rg BT 552.73 520.80 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 511.20 Td (presiding ) Tj ET Q q 0 0 0 rg BT 81.01 511.20 Td (judge ) Tj ET Q q 0 0 0 rg BT 100.52 511.20 Td (because ) Tj ET Q q 0 0 0 rg BT 127.58 511.20 Td (the ) Tj ET Q q 0 0 0 rg BT 139.09 511.20 Td (plaintif) Tj ET Q q 0 0 0 rg BT 162.05 511.20 Td (f ) Tj ET Q q 0 0 0 rg BT 166.45 511.20 Td (failed ) Tj ET Q q 0 0 0 rg BT 186.40 511.20 Td (to ) Tj ET Q q 0 0 0 rg BT 194.36 511.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 207.64 511.20 Td (court ) Tj ET Q q 0 0 0 rg BT 225.82 511.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 240.44 511.20 Td (and ) Tj ET Q q 0 0 0 rg BT 253.72 511.20 Td (were ) Tj ET Q q 0 0 0 rg BT 271.00 511.20 Td (terminated ) Tj ET Q q 0 0 0 rg BT 306.95 511.20 Td (a ) Tj ET Q q 0 0 0 rg BT 312.24 511.20 Td (second ) Tj ET Q q 0 0 0 rg BT 336.19 511.20 Td (time ) Tj ET Q q 0 0 0 rg BT 352.14 511.20 Td (by ) Tj ET Q q 0 0 0 rg BT 361.88 511.20 Td (a ) Tj ET Q q 0 0 0 rg BT 367.17 511.20 Td (dif) Tj ET Q q 0 0 0 rg BT 375.91 511.20 Td (ferent ) Tj ET Q q 0 0 0 rg BT 396.30 511.20 Td (presiding ) Tj ET Q q 0 0 0 rg BT 427.81 511.20 Td (judge ) Tj ET Q q 0 0 0 rg BT 447.32 511.20 Td (in ) Tj ET Q q 0 0 0 rg BT 455.28 511.20 Td (September ) Tj ET Q q 0 0 0 rg BT 491.23 511.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 508.97 511.20 Td (after ) Tj ET Q q 0 0 0 rg BT 525.36 511.20 Td (the ) Tj ET Q q 0 0 0 rg BT 536.87 511.20 Td (plaintif) Tj ET Q q 0 0 0 rg BT 559.83 511.20 Td (f ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 501.60 Td (refiled ) Tj ET Q q 0 0 0 rg BT 72.38 501.60 Td (but ) Tj ET Q q 0 0 0 rg BT 84.60 501.60 Td (failed ) Tj ET Q q 0 0 0 rg BT 104.81 501.60 Td (to ) Tj ET Q q 0 0 0 rg BT 113.03 501.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 126.58 501.60 Td (court ) Tj ET Q q 0 0 0 rg BT 145.02 501.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 159.90 501.60 Td (a ) Tj ET Q q 0 0 0 rg BT 165.45 501.60 Td (second ) Tj ET Q q 0 0 0 rg BT 189.66 501.60 Td (time.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 486.00 Td (During ) Tj ET Q q 0 0 0 rg BT 74.22 486.00 Td (the ) Tj ET Q q 0 0 0 rg BT 86.06 486.00 Td (first ) Tj ET Q q 0 0 0 rg BT 101.01 486.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 125.72 486.00 Td (of ) Tj ET Q q 0 0 0 rg BT 134.44 486.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 154.50 486.00 Td (the ) Tj ET Q q 0 0 0 rg BT 166.34 486.00 Td (court ) Tj ET Q q 0 0 0 rg BT 184.84 486.00 Td (of ) Tj ET Q q 0 0 0 rg BT 193.56 486.00 Td (first ) Tj ET Q q 0 0 0 rg BT 208.51 486.00 Td (instance ) Tj ET Q q 0 0 0 rg BT 236.78 486.00 Td (began ) Tj ET Q q 0 0 0 rg BT 257.94 486.00 Td (to ) Tj ET Q q 0 0 0 rg BT 266.22 486.00 Td (schedule ) Tj ET Q q 0 0 0 rg BT 296.27 486.00 Td (hearings ) Tj ET Q q 0 0 0 rg BT 325.44 486.00 Td (in ) Tj ET Q q 0 0 0 rg BT 333.72 486.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 358.43 486.00 Td (of ) Tj ET Q q 0 0 0 rg BT 367.16 486.00 Td (the ) Tj ET Q q 0 0 0 rg BT 378.99 486.00 Td (First ) Tj ET Q q 0 0 0 rg BT 395.72 486.00 Td (PN ) Tj ET Q q 0 0 0 rg BT 408.01 486.00 Td (Case ) Tj ET Q q 0 0 0 rg BT 425.62 486.00 Td (as ) Tj ET Q q 0 0 0 rg BT 434.35 486.00 Td (well ) Tj ET Q q 0 0 0 rg BT 450.18 486.00 Td (as ) Tj ET Q q 0 0 0 rg BT 458.90 486.00 Td (the ) Tj ET Q q 0 0 0 rg BT 470.74 486.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 493.68 486.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 520.18 486.00 Td (to ) Tj ET Q q 0 0 0 rg BT 528.46 486.00 Td (the ) Tj ET Q q 0 0 0 rg BT 540.29 486.00 Td (second ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 476.40 Td (promissory ) Tj ET Q q 0 0 0 rg BT 86.75 476.40 Td (note ) Tj ET Q q 0 0 0 rg BT 101.77 476.40 Td (having ) Tj ET Q q 0 0 0 rg BT 124.80 476.40 Td (a ) Tj ET Q q 0 0 0 rg BT 129.60 476.40 Td (face ) Tj ET Q q 0 0 0 rg BT 144.16 476.40 Td (value ) Tj ET Q q 0 0 0 rg BT 162.74 476.40 Td (of ) Tj ET Q q 0 0 0 rg BT 170.65 476.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 218.11 476.40 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.36 476.40 Td (8.3 ) Tj ET Q q 0 0 0 rg BT 246.61 476.40 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.72 476.40 Td ( ) Tj ET Q q 0 0 0 rg BT 270.97 476.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 284.66 476.40 Td (Second ) Tj ET Q q 0 0 0 rg BT 313.01 476.40 Td (PN ) Tj ET Q q 0 0 0 rg BT 324.49 476.40 Td (Case\) ) Tj ET Q q 0 0 0 rg BT 347.50 476.40 Td (and ) Tj ET Q q 0 0 0 rg BT 360.30 476.40 Td (one ) Tj ET Q q 0 0 0 rg BT 373.11 476.40 Td (of ) Tj ET Q q 0 0 0 rg BT 381.02 476.40 Td (the ) Tj ET Q q 0 0 0 rg BT 392.04 476.40 Td (promissory ) Tj ET Q q 0 0 0 rg BT 429.29 476.40 Td (notes ) Tj ET Q q 0 0 0 rg BT 447.43 476.40 Td (having ) Tj ET Q q 0 0 0 rg BT 470.45 476.40 Td (a ) Tj ET Q q 0 0 0 rg BT 475.25 476.40 Td (face ) Tj ET Q q 0 0 0 rg BT 489.82 476.40 Td (value ) Tj ET Q q 0 0 0 rg BT 508.39 476.40 Td (of ) Tj ET Q q 0 0 0 rg BT 516.31 476.40 Td (approximately ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 466.80 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 466.80 Td (26.2 ) Tj ET Q q 0 0 0 rg BT 83.50 466.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.61 466.80 Td ( ) Tj ET Q q 0 0 0 rg BT 108.61 466.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 123.05 466.80 Td (Third ) Tj ET Q q 0 0 0 rg BT 146.38 466.80 Td (PN ) Tj ET Q q 0 0 0 rg BT 158.60 466.80 Td (Case\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 451.20 Td (On ) Tj ET Q q 0 0 0 rg BT 60.84 451.20 Td (April ) Tj ET Q q 0 0 0 rg BT 79.72 451.20 Td (26, ) Tj ET Q q 0 0 0 rg BT 91.72 451.20 Td (2018, ) Tj ET Q q 0 0 0 rg BT 111.72 451.20 Td (the ) Tj ET Q q 0 0 0 rg BT 123.50 451.20 Td (judge ) Tj ET Q q 0 0 0 rg BT 143.27 451.20 Td (in ) Tj ET Q q 0 0 0 rg BT 151.49 451.20 Td (the ) Tj ET Q q 0 0 0 rg BT 163.27 451.20 Td (First ) Tj ET Q q 0 0 0 rg BT 179.94 451.20 Td (PN ) Tj ET Q q 0 0 0 rg BT 192.16 451.20 Td (Case ) Tj ET Q q 0 0 0 rg BT 209.71 451.20 Td (ruled ) Tj ET Q q 0 0 0 rg BT 228.15 451.20 Td (in ) Tj ET Q q 0 0 0 rg BT 236.38 451.20 Td (favor ) Tj ET Q q 0 0 0 rg BT 255.25 451.20 Td (of ) Tj ET Q q 0 0 0 rg BT 263.92 451.20 Td (the ) Tj ET Q q 0 0 0 rg BT 275.69 451.20 Td (plaintif) Tj ET Q q 0 0 0 rg BT 298.65 451.20 Td (f. ) Tj ET Q q 0 0 0 rg BT 305.32 451.20 Td (Markiza ) Tj ET Q q 0 0 0 rg BT 333.97 451.20 Td (appealed ) Tj ET Q q 0 0 0 rg BT 364.39 451.20 Td (that ) Tj ET Q q 0 0 0 rg BT 378.39 451.20 Td (decision. ) Tj ET Q q 0 0 0 rg BT 409.05 451.20 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 435.60 Td (On ) Tj ET Q q 0 0 0 rg BT 61.14 435.60 Td (May ) Tj ET Q q 0 0 0 rg BT 77.67 435.60 Td (14, ) Tj ET Q q 0 0 0 rg BT 89.53 435.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 109.39 435.60 Td (Markiza ) Tj ET Q q 0 0 0 rg BT 137.91 435.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 154.43 435.60 Td (a ) Tj ET Q q 0 0 0 rg BT 159.85 435.60 Td (criminal ) Tj ET Q q 0 0 0 rg BT 188.37 435.60 Td (complaint ) Tj ET Q q 0 0 0 rg BT 222.22 435.60 Td (with ) Tj ET Q q 0 0 0 rg BT 238.31 435.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.95 435.60 Td (Of) Tj ET Q q 0 0 0 rg BT 258.24 435.60 Td (fice ) Tj ET Q q 0 0 0 rg BT 272.09 435.60 Td (of ) Tj ET Q q 0 0 0 rg BT 280.62 435.60 Td (the ) Tj ET Q q 0 0 0 rg BT 292.26 435.60 Td (Special ) Tj ET Q q 0 0 0 rg BT 317.67 435.60 Td (Prosecutor ) Tj ET Q q 0 0 0 rg BT 353.75 435.60 Td (Of) Tj ET Q q 0 0 0 rg BT 362.04 435.60 Td (fice ) Tj ET Q q 0 0 0 rg BT 375.89 435.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.42 435.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.06 435.60 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 420.14 435.60 Td (Republic\(the ) Tj ET Q q 0 0 0 rg BT 465.33 435.60 Td (Special ) Tj ET Q q 0 0 0 rg BT 494.29 435.60 Td (Prosecutor) Tj ET Q q 0 0 0 rg BT 528.80 435.60 Td () Tj ET Q q 0 0 0 rg BT 531.02 435.60 Td (s ) Tj ET Q q 0 0 0 rg BT 536.00 435.60 Td (Of) Tj ET Q q 0 0 0 rg BT 544.30 435.60 Td (fice\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 426.00 Td (alleging ) Tj ET Q q 0 0 0 rg BT 80.41 426.00 Td (that ) Tj ET Q q 0 0 0 rg BT 97.54 426.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 106.87 426.00 Td (. ) Tj ET Q q 0 0 0 rg BT 114.01 426.00 Td (Kocner ) Tj ET Q q 0 0 0 rg BT 142.69 426.00 Td (and ) Tj ET Q q 0 0 0 rg BT 159.38 426.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 168.71 426.00 Td (. ) Tj ET Q q 0 0 0 rg BT 175.85 426.00 Td (Rusko ) Tj ET Q q 0 0 0 rg BT 201.43 426.00 Td (committed ) Tj ET Q q 0 0 0 rg BT 240.79 426.00 Td (the ) Tj ET Q q 0 0 0 rg BT 255.69 426.00 Td (of) Tj ET Q q 0 0 0 rg BT 262.21 426.00 Td (fenses ) Tj ET Q q 0 0 0 rg BT 287.34 426.00 Td (of\(1\)counterfeiting, ) Tj ET Q q 0 0 0 rg BT 359.34 426.00 Td (falsification,and ) Tj ET Q q 0 0 0 rg BT 418.24 426.00 Td (illegal ) Tj ET Q q 0 0 0 rg BT 443.36 426.00 Td (production ) Tj ET Q q 0 0 0 rg BT 483.16 426.00 Td (of ) Tj ET Q q 0 0 0 rg BT 494.96 426.00 Td (moneyandsecurities ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 416.40 Td (and\(2\)obstructionor ) Tj ET Q q 0 0 0 rg BT 121.04 416.40 Td (perversion ) Tj ET Q q 0 0 0 rg BT 156.80 416.40 Td (of ) Tj ET Q q 0 0 0 rg BT 165.47 416.40 Td (justice. ) Tj ET Q q 0 0 0 rg BT 190.21 416.40 Td (The ) Tj ET Q q 0 0 0 rg BT 204.64 416.40 Td (Special ) Tj ET Q q 0 0 0 rg BT 230.19 416.40 Td (Prosecutor) Tj ET Q q 0 0 0 rg BT 264.70 416.40 Td () Tj ET Q q 0 0 0 rg BT 266.93 416.40 Td (s ) Tj ET Q q 0 0 0 rg BT 272.04 416.40 Td (Of) Tj ET Q q 0 0 0 rg BT 280.34 416.40 Td (fice ) Tj ET Q q 0 0 0 rg BT 294.32 416.40 Td (opened ) Tj ET Q q 0 0 0 rg BT 319.43 416.40 Td (criminal ) Tj ET Q q 0 0 0 rg BT 348.08 416.40 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 388.73 416.40 Td (in ) Tj ET Q q 0 0 0 rg BT 396.96 416.40 Td (the ) Tj ET Q q 0 0 0 rg BT 408.73 416.40 Td (matter ) Tj ET Q q 0 0 0 rg BT 431.16 416.40 Td (at ) Tj ET Q q 0 0 0 rg BT 438.94 416.40 Td (that ) Tj ET Q q 0 0 0 rg BT 452.93 416.40 Td (time.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 397.20 Td (On ) Tj ET Q q 0 0 0 rg BT 61.51 397.20 Td (June ) Tj ET Q q 0 0 0 rg BT 78.41 397.20 Td (20, ) Tj ET Q q 0 0 0 rg BT 90.64 397.20 Td (2018, ) Tj ET Q q 0 0 0 rg BT 110.88 397.20 Td (the ) Tj ET Q q 0 0 0 rg BT 122.88 397.20 Td (Special ) Tj ET Q q 0 0 0 rg BT 148.66 397.20 Td (Prosecutor) Tj ET Q q 0 0 0 rg BT 183.17 397.20 Td () Tj ET Q q 0 0 0 rg BT 185.40 397.20 Td (s ) Tj ET Q q 0 0 0 rg BT 190.74 397.20 Td (Of) Tj ET Q q 0 0 0 rg BT 199.04 397.20 Td (fice ) Tj ET Q q 0 0 0 rg BT 213.26 397.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 235.50 397.20 Td (a ) Tj ET Q q 0 0 0 rg BT 241.28 397.20 Td (decision ) Tj ET Q q 0 0 0 rg BT 270.17 397.20 Td (to ) Tj ET Q q 0 0 0 rg BT 278.63 397.20 Td (formally ) Tj ET Q q 0 0 0 rg BT 308.41 397.20 Td (char) Tj ET Q q 0 0 0 rg BT 322.03 397.20 Td (ge ) Tj ET Q q 0 0 0 rg BT 331.81 397.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 341.15 397.20 Td (. ) Tj ET Q q 0 0 0 rg BT 345.38 397.20 Td (Kocner ) Tj ET Q q 0 0 0 rg BT 371.16 397.20 Td (and ) Tj ET Q q 0 0 0 rg BT 384.94 397.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 394.28 397.20 Td (. ) Tj ET Q q 0 0 0 rg BT 398.51 397.20 Td (Rusko ) Tj ET Q q 0 0 0 rg BT 421.20 397.20 Td (withcounterfeiting, ) Tj ET Q q 0 0 0 rg BT 486.52 397.20 Td (falsification,and ) Tj ET Q q 0 0 0 rg BT 542.51 397.20 Td (illegal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 387.60 Td (production ) Tj ET Q q 0 0 0 rg BT 85.98 387.60 Td (of ) Tj ET Q q 0 0 0 rg BT 94.47 387.60 Td (moneyandsecurities ) Tj ET Q q 0 0 0 rg BT 163.83 387.60 Td (andwith ) Tj ET Q q 0 0 0 rg BT 193.42 387.60 Td (obstructionor ) Tj ET Q q 0 0 0 rg BT 239.90 387.60 Td (perversion ) Tj ET Q q 0 0 0 rg BT 275.49 387.60 Td (of ) Tj ET Q q 0 0 0 rg BT 283.98 387.60 Td (justice. ) Tj ET Q q 0 0 0 rg BT 308.68 387.60 Td (Following ) Tj ET Q q 0 0 0 rg BT 343.40 387.60 Td (this ) Tj ET Q q 0 0 0 rg BT 356.78 387.60 Td (decision, ) Tj ET Q q 0 0 0 rg BT 387.26 387.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 396.60 387.60 Td (. ) Tj ET Q q 0 0 0 rg BT 400.42 387.60 Td (Kocner ) Tj ET Q q 0 0 0 rg BT 425.79 387.60 Td (has ) Tj ET Q q 0 0 0 rg BT 438.27 387.60 Td (been ) Tj ET Q q 0 0 0 rg BT 455.20 387.60 Td (taken ) Tj ET Q q 0 0 0 rg BT 474.34 387.60 Td (into ) Tj ET Q q 0 0 0 rg BT 488.61 387.60 Td (pre-trial ) Tj ET Q q 0 0 0 rg BT 516.20 387.60 Td (custody ) Tj ET Q q 0 0 0 rg BT 542.90 387.60 Td (by ) Tj ET Q q 0 0 0 rg BT 552.73 387.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 378.00 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 73.61 378.00 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 111.26 378.00 Td (Subsequently) Tj ET Q q 0 0 0 rg BT 153.85 378.00 Td (, ) Tj ET Q q 0 0 0 rg BT 157.73 378.00 Td (the ) Tj ET Q q 0 0 0 rg BT 169.39 378.00 Td (Special ) Tj ET Q q 0 0 0 rg BT 194.82 378.00 Td (Prosecutor) Tj ET Q q 0 0 0 rg BT 229.33 378.00 Td () Tj ET Q q 0 0 0 rg BT 231.56 378.00 Td (s ) Tj ET Q q 0 0 0 rg BT 236.55 378.00 Td (Of) Tj ET Q q 0 0 0 rg BT 244.85 378.00 Td (fice ) Tj ET Q q 0 0 0 rg BT 258.72 378.00 Td (has ) Tj ET Q q 0 0 0 rg BT 271.27 378.00 Td (char) Tj ET Q q 0 0 0 rg BT 284.89 378.00 Td (ged ) Tj ET Q q 0 0 0 rg BT 298.33 378.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 307.66 378.00 Td (. ) Tj ET Q q 0 0 0 rg BT 311.54 378.00 Td (Kocner) Tj ET Q q 0 0 0 rg BT 335.38 378.00 Td () Tj ET Q q 0 0 0 rg BT 337.61 378.00 Td (s ) Tj ET Q q 0 0 0 rg BT 342.60 378.00 Td ( ) Tj ET Q q 0 0 0 rg BT 344.49 378.00 Td (long-time ) Tj ET Q q 0 0 0 rg BT 377.48 378.00 Td (associate, ) Tj ET Q q 0 0 0 rg BT 410.24 378.00 Td (who ) Tj ET Q q 0 0 0 rg BT 425.90 378.00 Td (signed ) Tj ET Q q 0 0 0 rg BT 448.67 378.00 Td (two ) Tj ET Q q 0 0 0 rg BT 462.55 378.00 Td (of ) Tj ET Q q 0 0 0 rg BT 471.10 378.00 Td (the ) Tj ET Q q 0 0 0 rg BT 482.76 378.00 Td (alleged ) Tj ET Q q 0 0 0 rg BT 507.74 378.00 Td (promissory ) Tj ET Q q 0 0 0 rg BT 545.62 378.00 Td (notes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 368.40 Td (as ) Tj ET Q q 0 0 0 rg BT 57.39 368.40 Td (the ) Tj ET Q q 0 0 0 rg BT 68.39 368.40 Td (original ) Tj ET Q q 0 0 0 rg BT 94.51 368.40 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 127.27 368.40 Td (owner ) Tj ET Q q 0 0 0 rg BT 148.49 368.40 Td (and ) Tj ET Q q 0 0 0 rg BT 161.27 368.40 Td (purported ) Tj ET Q q 0 0 0 rg BT 193.60 368.40 Td (to ) Tj ET Q q 0 0 0 rg BT 201.05 368.40 Td (endorse ) Tj ET Q q 0 0 0 rg BT 227.16 368.40 Td (those ) Tj ET Q q 0 0 0 rg BT 245.27 368.40 Td (notes ) Tj ET Q q 0 0 0 rg BT 263.39 368.40 Td (to ) Tj ET Q q 0 0 0 rg BT 270.84 368.40 Td (a ) Tj ET Q q 0 0 0 rg BT 275.62 368.40 Td (company ) Tj ET Q q 0 0 0 rg BT 306.17 368.40 Td (controlled ) Tj ET Q q 0 0 0 rg BT 339.83 368.40 Td (by ) Tj ET Q q 0 0 0 rg BT 349.06 368.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 358.40 368.40 Td (. ) Tj ET Q q 0 0 0 rg BT 361.63 368.40 Td (Kocner) Tj ET Q q 0 0 0 rg BT 384.85 368.40 Td (, ) Tj ET Q q 0 0 0 rg BT 388.08 368.40 Td (with ) Tj ET Q q 0 0 0 rg BT 403.53 368.40 Td (counterfeiting, ) Tj ET Q q 0 0 0 rg BT 451.63 368.40 Td (falsification,and ) Tj ET Q q 0 0 0 rg BT 506.62 368.40 Td (illegal ) Tj ET Q q 0 0 0 rg BT 527.84 368.40 Td (production ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 358.80 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 358.80 Td (moneyandsecurities.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 343.20 Td (On ) Tj ET Q q 0 0 0 rg BT 61.37 343.20 Td (October ) Tj ET Q q 0 0 0 rg BT 89.23 343.20 Td (12, ) Tj ET Q q 0 0 0 rg BT 101.32 343.20 Td (2018, ) Tj ET Q q 0 0 0 rg BT 121.41 343.20 Td (the ) Tj ET Q q 0 0 0 rg BT 133.28 343.20 Td (court ) Tj ET Q q 0 0 0 rg BT 151.81 343.20 Td (of ) Tj ET Q q 0 0 0 rg BT 160.57 343.20 Td (first ) Tj ET Q q 0 0 0 rg BT 175.55 343.20 Td (instance ) Tj ET Q q 0 0 0 rg BT 203.85 343.20 Td (terminated ) Tj ET Q q 0 0 0 rg BT 240.15 343.20 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 280.90 343.20 Td (in ) Tj ET Q q 0 0 0 rg BT 289.21 343.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 313.96 343.20 Td (of ) Tj ET Q q 0 0 0 rg BT 322.71 343.20 Td (the ) Tj ET Q q 0 0 0 rg BT 334.58 343.20 Td (Second ) Tj ET Q q 0 0 0 rg BT 360.22 343.20 Td (PN ) Tj ET Q q 0 0 0 rg BT 372.54 343.20 Td (Case ) Tj ET Q q 0 0 0 rg BT 390.19 343.20 Td (because ) Tj ET Q q 0 0 0 rg BT 417.59 343.20 Td (the ) Tj ET Q q 0 0 0 rg BT 429.46 343.20 Td (plaintif) Tj ET Q q 0 0 0 rg BT 452.42 343.20 Td (f ) Tj ET Q q 0 0 0 rg BT 457.18 343.20 Td (failed ) Tj ET Q q 0 0 0 rg BT 477.48 343.20 Td (to ) Tj ET Q q 0 0 0 rg BT 485.80 343.20 Td (pursue ) Tj ET Q q 0 0 0 rg BT 509.22 343.20 Td (the ) Tj ET Q q 0 0 0 rg BT 521.08 343.20 Td (claim, ) Tj ET Q q 0 0 0 rg BT 542.95 343.20 Td (which ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 333.60 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 333.60 Td (plaintif) Tj ET Q q 0 0 0 rg BT 84.23 333.60 Td (f ) Tj ET Q q 0 0 0 rg BT 88.90 333.60 Td (appealed. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 318.00 Td (On ) Tj ET Q q 0 0 0 rg BT 61.25 318.00 Td (December ) Tj ET Q q 0 0 0 rg BT 96.10 318.00 Td (14, ) Tj ET Q q 0 0 0 rg BT 108.07 318.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 128.05 318.00 Td (the ) Tj ET Q q 0 0 0 rg BT 139.80 318.00 Td (appellate ) Tj ET Q q 0 0 0 rg BT 170.65 318.00 Td (court ) Tj ET Q q 0 0 0 rg BT 189.06 318.00 Td (suspended ) Tj ET Q q 0 0 0 rg BT 224.37 318.00 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 265.00 318.00 Td (in ) Tj ET Q q 0 0 0 rg BT 273.20 318.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 297.82 318.00 Td (of ) Tj ET Q q 0 0 0 rg BT 306.46 318.00 Td (the ) Tj ET Q q 0 0 0 rg BT 318.21 318.00 Td (First ) Tj ET Q q 0 0 0 rg BT 334.86 318.00 Td (PN ) Tj ET Q q 0 0 0 rg BT 347.07 318.00 Td (Case ) Tj ET Q q 0 0 0 rg BT 364.59 318.00 Td (until ) Tj ET Q q 0 0 0 rg BT 381.24 318.00 Td (a ) Tj ET Q q 0 0 0 rg BT 386.77 318.00 Td (final ) Tj ET Q q 0 0 0 rg BT 403.40 318.00 Td (and ) Tj ET Q q 0 0 0 rg BT 416.93 318.00 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 456.21 318.00 Td (decision ) Tj ET Q q 0 0 0 rg BT 484.85 318.00 Td (has ) Tj ET Q q 0 0 0 rg BT 497.49 318.00 Td (been ) Tj ET Q q 0 0 0 rg BT 514.57 318.00 Td (rendered ) Tj ET Q q 0 0 0 rg BT 544.52 318.00 Td (in ) Tj ET Q q 0 0 0 rg BT 552.72 318.00 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 308.40 Td (criminal ) Tj ET Q q 0 0 0 rg BT 78.16 308.40 Td (proceedings.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 292.80 Td (On ) Tj ET Q q 0 0 0 rg BT 61.37 292.80 Td (December ) Tj ET Q q 0 0 0 rg BT 96.32 292.80 Td (21, ) Tj ET Q q 0 0 0 rg BT 108.41 292.80 Td (2018, ) Tj ET Q q 0 0 0 rg BT 128.50 292.80 Td (the ) Tj ET Q q 0 0 0 rg BT 140.37 292.80 Td (appellate ) Tj ET Q q 0 0 0 rg BT 171.33 292.80 Td (court ) Tj ET Q q 0 0 0 rg BT 189.86 292.80 Td (reversed ) Tj ET Q q 0 0 0 rg BT 219.04 292.80 Td (the ) Tj ET Q q 0 0 0 rg BT 230.90 292.80 Td (decision ) Tj ET Q q 0 0 0 rg BT 259.65 292.80 Td (of ) Tj ET Q q 0 0 0 rg BT 268.41 292.80 Td (the ) Tj ET Q q 0 0 0 rg BT 280.27 292.80 Td (court ) Tj ET Q q 0 0 0 rg BT 298.80 292.80 Td (of ) Tj ET Q q 0 0 0 rg BT 307.55 292.80 Td (first ) Tj ET Q q 0 0 0 rg BT 322.53 292.80 Td (instance ) Tj ET Q q 0 0 0 rg BT 350.83 292.80 Td (to ) Tj ET Q q 0 0 0 rg BT 359.14 292.80 Td (terminate ) Tj ET Q q 0 0 0 rg BT 391.44 292.80 Td (the ) Tj ET Q q 0 0 0 rg BT 403.30 292.80 Td (Second ) Tj ET Q q 0 0 0 rg BT 428.94 292.80 Td (PN ) Tj ET Q q 0 0 0 rg BT 441.26 292.80 Td (Case ) Tj ET Q q 0 0 0 rg BT 458.90 292.80 Td (and ) Tj ET Q q 0 0 0 rg BT 472.54 292.80 Td (directed ) Tj ET Q q 0 0 0 rg BT 500.39 292.80 Td (the ) Tj ET Q q 0 0 0 rg BT 512.25 292.80 Td (case ) Tj ET Q q 0 0 0 rg BT 528.11 292.80 Td (be ) Tj ET Q q 0 0 0 rg BT 537.75 292.80 Td (tried ) Tj ET Q q 0 0 0 rg BT 554.50 292.80 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 283.20 Td (its ) Tj ET Q q 0 0 0 rg BT 59.06 283.20 Td (merits. ) Tj ET Q q 0 0 0 rg BT 83.05 283.20 Td (No ) Tj ET Q q 0 0 0 rg BT 94.83 283.20 Td (hearings ) Tj ET Q q 0 0 0 rg BT 123.93 283.20 Td (have ) Tj ET Q q 0 0 0 rg BT 141.04 283.20 Td (been ) Tj ET Q q 0 0 0 rg BT 158.14 283.20 Td (held ) Tj ET Q q 0 0 0 rg BT 173.91 283.20 Td (or ) Tj ET Q q 0 0 0 rg BT 182.57 283.20 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 216.56 283.20 Td (in ) Tj ET Q q 0 0 0 rg BT 224.79 283.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 249.44 283.20 Td (of ) Tj ET Q q 0 0 0 rg BT 258.10 283.20 Td (this ) Tj ET Q q 0 0 0 rg BT 271.66 283.20 Td (claim ) Tj ET Q q 0 0 0 rg BT 291.43 283.20 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 328.98 283.20 Td (to ) Tj ET Q q 0 0 0 rg BT 337.20 283.20 Td (that ) Tj ET Q q 0 0 0 rg BT 351.20 283.20 Td (decision.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 267.60 Td (There ) Tj ET Q q 0 0 0 rg BT 70.15 267.60 Td (have ) Tj ET Q q 0 0 0 rg BT 87.25 267.60 Td (been ) Tj ET Q q 0 0 0 rg BT 104.36 267.60 Td (no ) Tj ET Q q 0 0 0 rg BT 114.36 267.60 Td (hearings ) Tj ET Q q 0 0 0 rg BT 143.46 267.60 Td (held ) Tj ET Q q 0 0 0 rg BT 159.23 267.60 Td (in ) Tj ET Q q 0 0 0 rg BT 167.45 267.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 192.11 267.60 Td (of ) Tj ET Q q 0 0 0 rg BT 200.77 267.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.40 267.60 Td (Third ) Tj ET Q q 0 0 0 rg BT 232.17 267.60 Td (PN ) Tj ET Q q 0 0 0 rg BT 244.40 267.60 Td (Case ) Tj ET Q q 0 0 0 rg BT 261.95 267.60 Td (since ) Tj ET Q q 0 0 0 rg BT 280.39 267.60 Td (the ) Tj ET Q q 0 0 0 rg BT 292.16 267.60 Td (initiation ) Tj ET Q q 0 0 0 rg BT 323.05 267.60 Td (of ) Tj ET Q q 0 0 0 rg BT 331.71 267.60 Td (the ) Tj ET Q q 0 0 0 rg BT 343.48 267.60 Td (criminal ) Tj ET Q q 0 0 0 rg BT 372.14 267.60 Td (proceedings. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 252.00 Td (Markiza ) Tj ET Q q 0 0 0 rg BT 78.50 252.00 Td (is ) Tj ET Q q 0 0 0 rg BT 86.18 252.00 Td (seeking ) Tj ET Q q 0 0 0 rg BT 112.97 252.00 Td (to ) Tj ET Q q 0 0 0 rg BT 121.54 252.00 Td (have ) Tj ET Q q 0 0 0 rg BT 138.99 252.00 Td (the ) Tj ET Q q 0 0 0 rg BT 151.11 252.00 Td (civil ) Tj ET Q q 0 0 0 rg BT 167.68 252.00 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 208.68 252.00 Td (in ) Tj ET Q q 0 0 0 rg BT 217.25 252.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 242.25 252.00 Td (of ) Tj ET Q q 0 0 0 rg BT 251.26 252.00 Td (this ) Tj ET Q q 0 0 0 rg BT 265.16 252.00 Td (claim ) Tj ET Q q 0 0 0 rg BT 285.28 252.00 Td (either ) Tj ET Q q 0 0 0 rg BT 305.84 252.00 Td (suspended ) Tj ET Q q 0 0 0 rg BT 341.52 252.00 Td (until ) Tj ET Q q 0 0 0 rg BT 358.53 252.00 Td (the ) Tj ET Q q 0 0 0 rg BT 370.65 252.00 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 407.66 252.00 Td (of ) Tj ET Q q 0 0 0 rg BT 416.67 252.00 Td (the ) Tj ET Q q 0 0 0 rg BT 428.79 252.00 Td (criminal ) Tj ET Q q 0 0 0 rg BT 457.80 252.00 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 498.80 252.00 Td (or ) Tj ET Q q 0 0 0 rg BT 507.81 252.00 Td (dismissed. ) Tj ET Q q 0 0 0 rg BT 543.71 252.00 Td (In ) Tj ET Q q 0 0 0 rg BT 552.73 252.00 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 242.40 Td (event ) Tj ET Q q 0 0 0 rg BT 68.82 242.40 Td (any ) Tj ET Q q 0 0 0 rg BT 82.38 242.40 Td (of ) Tj ET Q q 0 0 0 rg BT 91.04 242.40 Td (the ) Tj ET Q q 0 0 0 rg BT 102.81 242.40 Td (civil ) Tj ET Q q 0 0 0 rg BT 119.03 242.40 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 159.68 242.40 Td (are ) Tj ET Q q 0 0 0 rg BT 171.45 242.40 Td (not ) Tj ET Q q 0 0 0 rg BT 183.67 242.40 Td (suspended ) Tj ET Q q 0 0 0 rg BT 219.00 242.40 Td (or ) Tj ET Q q 0 0 0 rg BT 227.66 242.40 Td (dismissed, ) Tj ET Q q 0 0 0 rg BT 263.22 242.40 Td (Markiza ) Tj ET Q q 0 0 0 rg BT 291.88 242.40 Td (will ) Tj ET Q q 0 0 0 rg BT 306.32 242.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 335.87 242.40 Td (to ) Tj ET Q q 0 0 0 rg BT 344.09 242.40 Td (vigorously ) Tj ET Q q 0 0 0 rg BT 380.31 242.40 Td (defend ) Tj ET Q q 0 0 0 rg BT 404.08 242.40 Td (the ) Tj ET Q q 0 0 0 rg BT 415.85 242.40 Td (claims.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 226.80 Td (Based ) Tj ET Q q 0 0 0 rg BT 71.05 226.80 Td (on ) Tj ET Q q 0 0 0 rg BT 81.05 226.80 Td (the ) Tj ET Q q 0 0 0 rg BT 92.82 226.80 Td (facts ) Tj ET Q q 0 0 0 rg BT 109.93 226.80 Td (and ) Tj ET Q q 0 0 0 rg BT 123.48 226.80 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 170.79 226.80 Td (of ) Tj ET Q q 0 0 0 rg BT 179.45 226.80 Td (these ) Tj ET Q q 0 0 0 rg BT 197.89 226.80 Td (cases, ) Tj ET Q q 0 0 0 rg BT 218.77 226.80 Td (we ) Tj ET Q q 0 0 0 rg BT 230.10 226.80 Td (have ) Tj ET Q q 0 0 0 rg BT 247.20 226.80 Td (not ) Tj ET Q q 0 0 0 rg BT 259.42 226.80 Td (accrued ) Tj ET Q q 0 0 0 rg BT 286.29 226.80 Td (any ) Tj ET Q q 0 0 0 rg BT 299.84 226.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 328.95 226.80 Td (in ) Tj ET Q q 0 0 0 rg BT 337.17 226.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 361.82 226.80 Td (of ) Tj ET Q q 0 0 0 rg BT 370.49 226.80 Td (these ) Tj ET Q q 0 0 0 rg BT 388.93 226.80 Td (claims.) Tj ET Q endstream endobj 149 0 obj <>] /Rotate 0 /Contents 150 0 R>> endobj 150 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (22. ) Tj ET Q q 0 0 0 rg BT 67.50 723.60 Td (RELA) Tj ET Q q 0 0 0 rg BT 89.13 723.60 Td (TED ) Tj ET Q q 0 0 0 rg BT 107.58 723.60 Td (P) Tj ET Q q 0 0 0 rg BT 111.88 723.60 Td (AR) Tj ET Q q 0 0 0 rg BT 123.15 723.60 Td (TY) Tj ET Q q 0 0 0 rg BT 133.96 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 135.82 723.60 Td (TRANSACTIONS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 708.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.00 708.00 Td (consider ) Tj ET Q q 0 0 0 rg BT 91.15 708.00 Td (our ) Tj ET Q q 0 0 0 rg BT 103.86 708.00 Td (related ) Tj ET Q q 0 0 0 rg BT 127.66 708.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 151.03 708.00 Td (to ) Tj ET Q q 0 0 0 rg BT 159.30 708.00 Td (be ) Tj ET Q q 0 0 0 rg BT 168.89 708.00 Td (our ) Tj ET Q q 0 0 0 rg BT 181.60 708.00 Td (of) Tj ET Q q 0 0 0 rg BT 188.12 708.00 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 209.93 708.00 Td (directors ) Tj ET Q q 0 0 0 rg BT 239.96 708.00 Td (and ) Tj ET Q q 0 0 0 rg BT 253.56 708.00 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 296.03 708.00 Td (who ) Tj ET Q q 0 0 0 rg BT 311.85 708.00 Td (have ) Tj ET Q q 0 0 0 rg BT 329.00 708.00 Td (direct ) Tj ET Q q 0 0 0 rg BT 349.25 708.00 Td (control ) Tj ET Q q 0 0 0 rg BT 373.96 708.00 Td (and/or ) Tj ET Q q 0 0 0 rg BT 396.44 708.00 Td (influence ) Tj ET Q q 0 0 0 rg BT 428.24 708.00 Td (over ) Tj ET Q q 0 0 0 rg BT 444.50 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 456.32 708.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 489.47 708.00 Td (as ) Tj ET Q q 0 0 0 rg BT 498.18 708.00 Td (well ) Tj ET Q q 0 0 0 rg BT 514.00 708.00 Td (as ) Tj ET Q q 0 0 0 rg BT 522.71 708.00 Td (other ) Tj ET Q q 0 0 0 rg BT 541.19 708.00 Td (parties ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 698.40 Td (that ) Tj ET Q q 0 0 0 rg BT 63.84 698.40 Td (can ) Tj ET Q q 0 0 0 rg BT 77.29 698.40 Td (significantly ) Tj ET Q q 0 0 0 rg BT 119.62 698.40 Td (influence ) Tj ET Q q 0 0 0 rg BT 151.73 698.40 Td (management. ) Tj ET Q q 0 0 0 rg BT 196.94 698.40 Td (On ) Tj ET Q q 0 0 0 rg BT 209.06 698.40 Td (June ) Tj ET Q q 0 0 0 rg BT 226.07 698.40 Td (14, ) Tj ET Q q 0 0 0 rg BT 238.41 698.40 Td (2018, ) Tj ET Q q 0 0 0 rg BT 258.24 698.40 Td (A) Tj ET Q q 0 0 0 rg BT 263.13 698.40 Td (T&T) Tj ET Q q 0 0 0 rg BT 278.98 698.40 Td ( ) Tj ET Q q 0 0 0 rg BT 281.33 698.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 311.21 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 323.33 698.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 363.00 698.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 385.34 698.40 Td (of ) Tj ET Q q 0 0 0 rg BT 394.18 698.40 Td (W) Tj ET Q q 0 0 0 rg BT 401.09 698.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 419.86 698.40 Td (Media. ) Tj ET Q q 0 0 0 rg BT 444.47 698.40 Td (W) Tj ET Q q 0 0 0 rg BT 451.38 698.40 Td (e ) Tj ET Q q 0 0 0 rg BT 457.28 698.40 Td (have ) Tj ET Q q 0 0 0 rg BT 474.72 698.40 Td (identified ) Tj ET Q q 0 0 0 rg BT 507.72 698.40 Td (transactions ) Tj ET Q q 0 0 0 rg BT 548.28 698.40 Td (with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 688.80 Td (individuals ) Tj ET Q q 0 0 0 rg BT 86.57 688.80 Td (or ) Tj ET Q q 0 0 0 rg BT 94.76 688.80 Td (entities ) Tj ET Q q 0 0 0 rg BT 119.38 688.80 Td (associated ) Tj ET Q q 0 0 0 rg BT 153.78 688.80 Td (with ) Tj ET Q q 0 0 0 rg BT 169.18 688.80 Td (A) Tj ET Q q 0 0 0 rg BT 174.07 688.80 Td (T&T) Tj ET Q q 0 0 0 rg BT 189.48 688.80 Td (, ) Tj ET Q q 0 0 0 rg BT 193.00 688.80 Td (which ) Tj ET Q q 0 0 0 rg BT 214.07 688.80 Td (is ) Tj ET Q q 0 0 0 rg BT 220.92 688.80 Td (represented ) Tj ET Q q 0 0 0 rg BT 259.31 688.80 Td (on ) Tj ET Q q 0 0 0 rg BT 268.83 688.80 Td (our ) Tj ET Q q 0 0 0 rg BT 281.01 688.80 Td (Board ) Tj ET Q q 0 0 0 rg BT 302.08 688.80 Td (of ) Tj ET Q q 0 0 0 rg BT 310.27 688.80 Td (Directors ) Tj ET Q q 0 0 0 rg BT 341.55 688.80 Td (and ) Tj ET Q q 0 0 0 rg BT 354.62 688.80 Td (holds ) Tj ET Q q 0 0 0 rg BT 373.48 688.80 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.55 688.80 Td (44.5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.21 688.80 Td ( ) Tj ET Q q 0 0 0 rg BT 400.73 688.80 Td (voting ) Tj ET Q q 0 0 0 rg BT 422.70 688.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 447.76 688.80 Td (in ) Tj ET Q q 0 0 0 rg BT 455.50 688.80 Td (CME ) Tj ET Q q 0 0 0 rg BT 474.36 688.80 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 488.99 688.80 Td (\(see ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.39 688.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 520.46 688.80 Td (13, ) Tj ET Q q 0 0 0 rg BT 531.98 688.80 Td ("Equity") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.84 688.80 Td (\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 679.20 Td (as ) Tj ET Q q 0 0 0 rg BT 58.16 679.20 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.94 679.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 112.80 679.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 128.80 679.20 Td (, ) Tj ET Q q 0 0 0 rg BT 132.80 679.20 Td (as ) Tj ET Q q 0 0 0 rg BT 141.47 679.20 Td (material ) Tj ET Q q 0 0 0 rg BT 169.68 679.20 Td (related ) Tj ET Q q 0 0 0 rg BT 193.44 679.20 Td (party ) Tj ET Q q 0 0 0 rg BT 211.88 679.20 Td (transactions.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 663.60 Td (A) Tj ET Q q 0 0 0 rg BT 54.68 663.60 Td (T&T) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 627.10 325.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 627.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 627.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 627.10 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 627.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 627.10 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375 640.1 m 435 640.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 435 640.1 m 439 640.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439 640.1 m 499 640.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499 640.1 m 503 640.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503 640.1 m 563 640.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 375 627.1 m 435 627.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439 627.1 m 499 627.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503 627.1 m 563 627.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.60 644.33 Td (For) Tj ET Q q 0 0 0 rg BT 421.89 644.33 Td ( ) Tj ET Q q 0 0 0 rg BT 423.75 644.33 Td (The ) Tj ET Q q 0 0 0 rg BT 438.79 644.33 Td (Y) Tj ET Q q 0 0 0 rg BT 443.68 644.33 Td (ear) Tj ET Q q 0 0 0 rg BT 454.64 644.33 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 515.37 644.33 Td ( 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 631.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.50 631.33 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.50 631.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.50 631.33 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 618.35 Td (Cost ) Tj ET Q q 0 0 0 rg BT 69.17 618.35 Td (of ) Tj ET Q q 0 0 0 rg BT 77.84 618.35 Td (revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.50 618.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.80 618.35 Td (22,609) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.50 618.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 618.35 Td (22,373) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.50 618.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 618.35 Td (19,244) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 605.35 Td (Interest ) Tj ET Q q 0 0 0 rg BT 78.49 605.35 Td (expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.80 605.35 Td (31,867) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 605.35 Td (62,501) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.80 605.35 Td (103,253) Tj ET Q BT /F1 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 568.50 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 568.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 568.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 568.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 542.50 329.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 542.50 90.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 542.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 542.50 90.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 379 568.5 m 469 568.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 473 568.5 m 563 568.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 379 568.5 m 469 568.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 473 568.5 m 563 568.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 572.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.00 572.73 Td (December) Tj ET Q q 0 0 0 rg BT 435.57 572.73 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.00 572.73 Td (December) Tj ET Q q 0 0 0 rg BT 529.50 572.73 Td ( 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 559.75 Td (Programming liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 559.75 Td (12,171) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.50 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 559.75 Td (21,189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 546.75 Td (Other accounts payable and accrued liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.80 546.75 Td (292) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.80 546.75 Td (252) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 533.75 Td (Accrued interest payable ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 134.02 537.38 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.80 533.75 Td (1,749) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 533.75 Td (6,273) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 520.75 Td (Other non-current liabilities) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 141.80 524.38 Td ( \(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.80 520.75 Td (33,465) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 520.75 Td (69,620) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 508.02 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.56 504.40 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 504.40 Td (Amount ) Tj ET Q q 0 0 0 rg BT 95.72 504.40 Td (represents ) Tj ET Q q 0 0 0 rg BT 130.15 504.40 Td (accrued ) Tj ET Q q 0 0 0 rg BT 157.02 504.40 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 191.89 504.40 Td (Fees ) Tj ET Q q 0 0 0 rg BT 208.55 504.40 Td (for ) Tj ET Q q 0 0 0 rg BT 219.88 504.40 Td (which ) Tj ET Q q 0 0 0 rg BT 241.43 504.40 Td (we ) Tj ET Q q 0 0 0 rg BT 252.76 504.40 Td (have ) Tj ET Q q 0 0 0 rg BT 269.86 504.40 Td (not ) Tj ET Q q 0 0 0 rg BT 282.08 504.40 Td (yet ) Tj ET Q q 0 0 0 rg BT 293.86 504.40 Td (paid. ) Tj ET Q q 0 0 0 rg BT 311.63 504.40 Td (See ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.18 504.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 342.73 504.40 Td (5, ) Tj ET Q q 0 0 0 rg BT 350.73 504.40 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 390.21 504.40 Td (Debt ) Tj ET Q q 0 0 0 rg BT 407.76 504.40 Td (and ) Tj ET Q q 0 0 0 rg BT 421.31 504.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 441.52 504.40 Td (Financing ) Tj ET Q q 0 0 0 rg BT 475.08 504.40 Td (Arrangements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.66 504.40 Td (.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 495.43 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.56 491.80 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 491.80 Td (Amount ) Tj ET Q q 0 0 0 rg BT 96.62 491.80 Td (represents ) Tj ET Q q 0 0 0 rg BT 131.95 491.80 Td (Guarantee ) Tj ET Q q 0 0 0 rg BT 167.72 491.80 Td (Fees ) Tj ET Q q 0 0 0 rg BT 185.29 491.80 Td (for ) Tj ET Q q 0 0 0 rg BT 197.51 491.80 Td (which ) Tj ET Q q 0 0 0 rg BT 219.96 491.80 Td (we ) Tj ET Q q 0 0 0 rg BT 232.19 491.80 Td (had ) Tj ET Q q 0 0 0 rg BT 246.64 491.80 Td (previously ) Tj ET Q q 0 0 0 rg BT 283.32 491.80 Td (made ) Tj ET Q q 0 0 0 rg BT 303.54 491.80 Td (an ) Tj ET Q q 0 0 0 rg BT 313.99 491.80 Td (election ) Tj ET Q q 0 0 0 rg BT 342.21 491.80 Td (to ) Tj ET Q q 0 0 0 rg BT 351.34 491.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 365.79 491.80 Td (in ) Tj ET Q q 0 0 0 rg BT 374.91 491.80 Td (kind. ) Tj ET Q q 0 0 0 rg BT 393.83 491.80 Td (The ) Tj ET Q q 0 0 0 rg BT 409.16 491.80 Td (balance ) Tj ET Q q 0 0 0 rg BT 436.49 491.80 Td (as ) Tj ET Q q 0 0 0 rg BT 446.05 491.80 Td (at ) Tj ET Q q 0 0 0 rg BT 454.73 491.80 Td (December ) Tj ET Q q 0 0 0 rg BT 490.50 491.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 503.40 491.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 522.30 491.80 Td (included ) Tj ET Q q 0 0 0 rg BT 552.74 491.80 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 482.20 Td (Commitment ) Tj ET Q q 0 0 0 rg BT 111.72 482.20 Td (Fee ) Tj ET Q q 0 0 0 rg BT 125.27 482.20 Td (which ) Tj ET Q q 0 0 0 rg BT 146.82 482.20 Td (was ) Tj ET Q q 0 0 0 rg BT 161.27 482.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 177.04 482.20 Td (on ) Tj ET Q q 0 0 0 rg BT 187.04 482.20 Td (July ) Tj ET Q q 0 0 0 rg BT 202.38 482.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 214.38 482.20 Td (2018. ) Tj ET Q q 0 0 0 rg BT 234.38 482.20 Td (See ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.93 482.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 265.48 482.20 Td (5, ) Tj ET Q q 0 0 0 rg BT 273.48 482.20 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 312.95 482.20 Td (Debt ) Tj ET Q q 0 0 0 rg BT 330.50 482.20 Td (and ) Tj ET Q q 0 0 0 rg BT 344.05 482.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 364.27 482.20 Td (Financing ) Tj ET Q q 0 0 0 rg BT 397.82 482.20 Td (Arrangements") Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.41 482.20 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 460.60 Td (23. ) Tj ET Q q 0 0 0 rg BT 67.50 460.60 Td (QUAR) Tj ET Q q 0 0 0 rg BT 90.77 460.60 Td (TERL) Tj ET Q q 0 0 0 rg BT 111.82 460.60 Td (Y) Tj ET Q q 0 0 0 rg BT 117.30 460.60 Td ( ) Tj ET Q q 0 0 0 rg BT 119.30 460.60 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 164.20 460.60 Td ( ) Tj ET Q q 0 0 0 rg BT 166.20 460.60 Td (DA) Tj ET Q q 0 0 0 rg BT 177.16 460.60 Td (T) Tj ET Q q 0 0 0 rg BT 181.90 460.60 Td (A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 445.00 Td (Selected ) Tj ET Q q 0 0 0 rg BT 78.60 445.00 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 109.47 445.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 139.46 445.00 Td (data ) Tj ET Q q 0 0 0 rg BT 154.78 445.00 Td (for ) Tj ET Q q 0 0 0 rg BT 166.11 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 177.88 445.00 Td (years ) Tj ET Q q 0 0 0 rg BT 196.76 445.00 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 217.86 445.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 264.73 445.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.73 445.00 Td ( ) Tj ET Q q 0 0 0 rg BT 282.73 445.00 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.28 445.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.28 445.00 Td ( ) Tj ET Q q 0 0 0 rg BT 314.28 445.00 Td (is ) Tj ET Q q 0 0 0 rg BT 321.62 445.00 Td (as ) Tj ET Q q 0 0 0 rg BT 330.28 445.00 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 379.50 245.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 379.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 379.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 379.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 379.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 379.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 379.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 379.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 353.50 245.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 353.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 353.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 353.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 353.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 353.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 353.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 353.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 327.50 245.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 327.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 327.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 327.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 327.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 327.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 327.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 327.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 301.50 245.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 301.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 301.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 301.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 301.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 301.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 301.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 301.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 275.50 245.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 275.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 275.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 275.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 275.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 275.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 275.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 275.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 249.50 245.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 249.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 249.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 249.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 249.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 249.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 249.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 249.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 223.50 245.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 223.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 223.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 223.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 223.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 223.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 223.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 223.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 197.50 245.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 197.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 197.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 197.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 197.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 197.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 197.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 197.50 64.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 294 421.5 m 358 421.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 358 421.5 m 362 421.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362 421.5 m 426 421.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 426 421.5 m 430 421.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 430 421.5 m 494 421.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 494 421.5 m 498 421.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 421.5 m 562 421.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 294 400.5 m 358 400.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362 400.5 m 426 400.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 430 400.5 m 494 400.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 400.5 m 562 400.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.85 425.73 Td (For) Tj ET Q q 0 0 0 rg BT 373.22 425.73 Td ( the ) Tj ET Q q 0 0 0 rg BT 387.66 425.73 Td (Y) Tj ET Q q 0 0 0 rg BT 392.84 425.73 Td (ear) Tj ET Q q 0 0 0 rg BT 403.43 425.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 464.16 425.73 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.35 412.73 Td (First Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.80 404.73 Td (\(Unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.35 412.73 Td (Second Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.80 404.73 Td (\(Unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.55 412.73 Td (Third Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.80 404.73 Td (\(Unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.55 412.73 Td (Fourth Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.80 404.73 Td (\(Unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 391.73 Td (Consolidated Statements of Operations and Compr) Tj ET Q q 0 0 0 rg BT 226.32 391.73 Td (ehensive Income /) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 383.73 Td (Loss Data:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 370.75 Td (Net revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.50 370.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.80 370.75 Td (156,709) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.50 370.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 370.75 Td (181,908) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.50 370.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 370.75 Td (137,038) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.50 370.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 370.75 Td (228,251) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 357.75 Td (Cost of revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.80 357.75 Td (103,670) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 357.75 Td (104,997) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 357.75 Td (84,588) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 357.75 Td (1) Tj ET Q q 0 0 0 rg BT 536.80 357.75 Td (14,850) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 344.75 Td (Operating income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.80 344.75 Td (24,581) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.80 344.75 Td (50,017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 344.75 Td (22,197) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 344.75 Td (80,792) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 331.75 Td (Income from continuing operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.80 331.75 Td (6,756) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.80 331.75 Td (23,675) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 331.75 Td (10,609) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 331.75 Td (56,025) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 318.75 Td (Income from discontinued operations, net of tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.80 318.75 Td (316) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 318.75 Td (2,350) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 318.75 Td (57,882) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 318.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 305.75 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.80 305.75 Td (7,072) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.80 305.75 Td (26,025) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 305.75 Td (68,491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 305.75 Td (56,025) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 292.75 Td (Net income attributable to CME Ltd.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.80 292.75 Td (7,250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.80 292.75 Td (26,041) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 292.75 Td (68,571) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 292.75 Td (55,830) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 266.73 Td (Net income per) Tj ET Q q 0 0 0 rg BT 103.34 266.73 Td ( shar) Tj ET Q q 0 0 0 rg BT 120.30 266.73 Td (e:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 253.75 Td (Continuing operations basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.50 253.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.80 253.75 Td (0.02) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.50 253.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 253.75 Td (0.06) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.50 253.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 253.75 Td (0.03) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.50 253.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.80 253.75 Td (0.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 240.75 Td (Continuing operations diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.80 240.75 Td (0.01) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 240.75 Td (0.06) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 240.75 Td (0.03) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.80 240.75 Td (0.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 227.75 Td (Discontinued operations basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.80 227.75 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 227.75 Td (0.01) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 227.75 Td (0.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 227.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 214.75 Td (Discontinued operations diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.80 214.75 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 214.75 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 214.75 Td (0.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 214.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 201.75 Td (Attributable to CME Ltd. basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.80 201.75 Td (0.02) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 201.75 Td (0.07) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 201.75 Td (0.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.80 201.75 Td (0.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 188.75 Td (Attributable to CME Ltd. diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.80 188.75 Td (0.01) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 188.75 Td (0.06) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.80 188.75 Td (0.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.80 188.75 Td (0.15) Tj ET Q BT /F1 8.00 Tf ET endstream endobj 151 0 obj <>] /Rotate 0 /Contents 152 0 R>> endobj 152 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (72) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 673.50 245.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 673.50 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 673.50 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715.5 m 494 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 494 715.5 m 498 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 715.5 m 562 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 294 694.5 m 358 694.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362 694.5 m 426 694.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 430 694.5 m 494 694.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 694.5 m 562 694.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.85 719.73 Td (For) Tj ET Q q 0 0 0 rg BT 373.22 719.73 Td ( the ) Tj ET Q q 0 0 0 rg BT 387.66 719.73 Td (Y) Tj ET Q q 0 0 0 rg BT 392.84 719.73 Td (ear) Tj ET Q q 0 0 0 rg BT 403.43 719.73 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 464.16 719.73 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.35 706.73 Td (First Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.80 698.73 Td (\(Unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.35 706.73 Td (Second Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.80 698.73 Td (\(Unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.55 706.73 Td (Third Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.80 698.73 Td (\(Unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.55 706.73 Td (Fourth Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.80 698.73 Td (\(Unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 685.73 Td (Consolidated Statements of Operations and Compr) Tj ET Q q 0 0 0 rg BT 226.32 685.73 Td (ehensive Income /) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 677.73 Td (Loss Data:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 664.75 Td (Net revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.50 664.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.80 664.75 Td (123,945) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.50 664.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 664.75 Td (165,339) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.50 664.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 664.75 Td (132,304) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.50 664.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 664.75 Td (221,280) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 651.75 Td (Cost of revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.80 651.75 Td (89,350) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.80 651.75 Td (93,104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 651.75 Td (88,251) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 651.75 Td (1) Tj ET Q q 0 0 0 rg BT 536.80 651.75 Td (18,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 638.75 Td (Operating income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.80 638.75 Td (1) Tj ET Q q 0 0 0 rg BT 336.80 638.75 Td (1,900) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.80 638.75 Td (46,413) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 638.75 Td (16,066) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 638.75 Td (65,535) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 625.75 Td (\(Loss\) / income from continuing operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.10 625.75 Td (\(10,278) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 625.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.80 625.75 Td (25,638) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.10 625.75 Td (\(5,007) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.80 625.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 625.75 Td (40,710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 612.75 Td (\(Loss\) / income from discontinued operations, net of tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.10 612.75 Td (\(996) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 612.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 612.75 Td (2,160) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.10 612.75 Td (\(2,926) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.80 612.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 612.75 Td (126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 599.75 Td (Net \(loss\) / income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.10 599.75 Td (\(1) Tj ET Q q 0 0 0 rg BT 336.76 599.75 Td (1,274) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 599.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.80 599.75 Td (27,798) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.10 599.75 Td (\(7,933) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.80 599.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 599.75 Td (40,836) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 586.75 Td (Net \(loss\) / income attributable to CME Ltd.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.10 586.75 Td (\(1) Tj ET Q q 0 0 0 rg BT 336.76 586.75 Td (1,065) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 586.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.80 586.75 Td (27,935) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.10 586.75 Td (\(7,745) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.80 586.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 586.75 Td (40,643) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 560.73 Td (Net \(loss\) / income per) Tj ET Q q 0 0 0 rg BT 127.34 560.73 Td ( shar) Tj ET Q q 0 0 0 rg BT 144.30 560.73 Td (e \(as adjusted\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 547.75 Td (Continuing operations basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.50 547.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.10 547.75 Td (\(0.08) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 547.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.50 547.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 547.75 Td (0.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.50 547.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 547.75 Td (\(0.05) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.80 547.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.50 547.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.80 547.75 Td (0.14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 534.75 Td (Continuing operations diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.10 534.75 Td (\(0.08) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 534.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 534.75 Td (0.07) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 534.75 Td (\(0.05) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.80 534.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.80 534.75 Td (0.1) Tj ET Q q 0 0 0 rg BT 554.80 534.75 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 521.75 Td (Discontinued operations basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.10 521.75 Td (\(0.01) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 521.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 521.75 Td (0.01) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 521.75 Td (\(0.02) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.80 521.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.80 521.75 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 508.75 Td (Discontinued operations diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.10 508.75 Td (\(0.01) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 508.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 508.75 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 508.75 Td (\(0.02) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.80 508.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.80 508.75 Td (0.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 495.75 Td (Attributable to CME Ltd. basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.10 495.75 Td (\(0.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 495.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 495.75 Td (0.10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 495.75 Td (\(0.07) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.80 495.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.80 495.75 Td (0.14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 482.75 Td (Attributable to CME Ltd. diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.10 482.75 Td (\(0.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 482.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 482.75 Td (0.07) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 482.75 Td (\(0.07) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.80 482.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.80 482.75 Td (0.1) Tj ET Q q 0 0 0 rg BT 554.80 482.75 Td (1) Tj ET Q BT /F1 8.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 457.40 Td (24. ) Tj ET Q q 0 0 0 rg BT 67.50 457.40 Td (SUBSEQUENT) Tj ET Q q 0 0 0 rg BT 121.15 457.40 Td ( ) Tj ET Q q 0 0 0 rg BT 123.15 457.40 Td (EVENTS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 441.80 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 441.80 Td (e ) Tj ET Q q 0 0 0 rg BT 62.05 441.80 Td (terminated ) Tj ET Q q 0 0 0 rg BT 98.36 441.80 Td (the ) Tj ET Q q 0 0 0 rg BT 110.22 441.80 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 144.16 441.80 Td (T) Tj ET Q q 0 0 0 rg BT 148.77 441.80 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 183.74 441.80 Td (on ) Tj ET Q q 0 0 0 rg BT 193.83 441.80 Td (January ) Tj ET Q q 0 0 0 rg BT 220.80 441.80 Td (18, ) Tj ET Q q 0 0 0 rg BT 232.90 441.80 Td (2019. ) Tj ET Q q 0 0 0 rg BT 252.99 441.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 267.52 441.80 Td (presentation ) Tj ET Q q 0 0 0 rg BT 308.72 441.80 Td (has ) Tj ET Q q 0 0 0 rg BT 321.47 441.80 Td (been ) Tj ET Q q 0 0 0 rg BT 338.67 441.80 Td (updated ) Tj ET Q q 0 0 0 rg BT 366.09 441.80 Td (to ) Tj ET Q q 0 0 0 rg BT 374.40 441.80 Td (reflect ) Tj ET Q q 0 0 0 rg BT 396.92 441.80 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 427.01 441.80 Td (as ) Tj ET Q q 0 0 0 rg BT 435.77 441.80 Td (a ) Tj ET Q q 0 0 0 rg BT 441.42 441.80 Td (continuing ) Tj ET Q q 0 0 0 rg BT 477.73 441.80 Td (operation ) Tj ET Q q 0 0 0 rg BT 510.03 441.80 Td (and ) Tj ET Q q 0 0 0 rg BT 523.68 441.80 Td (to ) Tj ET Q q 0 0 0 rg BT 531.99 441.80 Td (reflect ) Tj ET Q q 0 0 0 rg BT 554.51 441.80 Td (all ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 432.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 70.16 432.20 Td (and ) Tj ET Q q 0 0 0 rg BT 83.71 432.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 115.49 432.20 Td (of ) Tj ET Q q 0 0 0 rg BT 124.15 432.20 Td (our ) Tj ET Q q 0 0 0 rg BT 136.82 432.20 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 170.81 432.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 206.14 432.20 Td (as ) Tj ET Q q 0 0 0 rg BT 214.80 432.20 Td (held ) Tj ET Q q 0 0 0 rg BT 230.57 432.20 Td (and ) Tj ET Q q 0 0 0 rg BT 244.13 432.20 Td (used ) Tj ET Q q 0 0 0 rg BT 260.79 432.20 Td (for ) Tj ET Q q 0 0 0 rg BT 272.12 432.20 Td (all ) Tj ET Q q 0 0 0 rg BT 282.11 432.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 307.66 432.20 Td (presented.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 416.60 Td (On ) Tj ET Q q 0 0 0 rg BT 61.00 416.60 Td (January ) Tj ET Q q 0 0 0 rg BT 87.61 416.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 99.34 416.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 119.06 416.60 Td (we ) Tj ET Q q 0 0 0 rg BT 130.12 416.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 145.62 416.60 Td (EUR ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 163.34 416.60 Td (60.0 ) Tj ET Q q 0 0 0 rg BT 179.07 416.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 202.18 416.60 Td ( ) Tj ET Q q 0 0 0 rg BT 203.91 416.60 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 254.51 416.60 Td (US$ ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.46 416.60 Td (68.9 ) Tj ET Q q 0 0 0 rg BT 286.19 416.60 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.30 416.60 Td ( ) Tj ET Q q 0 0 0 rg BT 311.03 416.60 Td (at ) Tj ET Q q 0 0 0 rg BT 318.53 416.60 Td (January ) Tj ET Q q 0 0 0 rg BT 345.13 416.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 356.86 416.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 374.59 416.60 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 394.08 416.60 Td (of ) Tj ET Q q 0 0 0 rg BT 402.47 416.60 Td (the ) Tj ET Q q 0 0 0 rg BT 413.97 416.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 453.03 416.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 483.19 416.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 509.34 416.60 Td (of ) Tj ET Q q 0 0 0 rg BT 517.73 416.60 Td (the ) Tj ET Q q 0 0 0 rg BT 529.23 416.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 546.96 416.60 Td (Euro ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 407.00 Td (Loan ) Tj ET Q q 0 0 0 rg BT 67.94 407.00 Td (with ) Tj ET Q q 0 0 0 rg BT 84.16 407.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 100.38 407.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 133.46 407.00 Td (by ) Tj ET Q q 0 0 0 rg BT 143.46 407.00 Td (our ) Tj ET Q q 0 0 0 rg BT 156.13 407.00 Td (operations.) Tj ET Q endstream endobj 153 0 obj <> endobj 154 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (73) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 72.84 723.60 Td (9 ) Tj ET Q q 0 0 0 rg BT 99.00 723.60 Td (CHANGES ) Tj ET Q q 0 0 0 rg BT 140.56 723.60 Td (IN ) Tj ET Q q 0 0 0 rg BT 151.01 723.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 170.34 723.60 Td (DISAGREEMENTS ) Tj ET Q q 0 0 0 rg BT 242.44 723.60 Td (WITH ) Tj ET Q q 0 0 0 rg BT 266.67 723.60 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 306.52 723.60 Td (ANTS ) Tj ET Q q 0 0 0 rg BT 329.86 723.60 Td (ON ) Tj ET Q q 0 0 0 rg BT 343.42 723.60 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 400.54 723.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 419.87 723.60 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 464.76 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 466.76 723.60 Td (DISCLOSURE) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (None.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 686.40 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 72.84 686.40 Td (9A. ) Tj ET Q q 0 0 0 rg BT 94.50 686.40 Td (CONTROLS ) Tj ET Q q 0 0 0 rg BT 140.96 686.40 Td (AND ) Tj ET Q q 0 0 0 rg BT 160.29 686.40 Td (PROCEDURES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 667.80 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 88.84 667.80 Td (of ) Tj ET Q q 0 0 0 rg BT 97.51 667.80 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 129.36 667.80 Td (e ) Tj ET Q q 0 0 0 rg BT 134.91 667.80 Td (Contr) Tj ET Q q 0 0 0 rg BT 155.21 667.80 Td (ols ) Tj ET Q q 0 0 0 rg BT 166.55 667.80 Td (and ) Tj ET Q q 0 0 0 rg BT 181.45 667.80 Td (Pr) Tj ET Q q 0 0 0 rg BT 189.74 667.80 Td (ocedur) Tj ET Q q 0 0 0 rg BT 213.14 667.80 Td (es) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 652.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 652.20 Td (e ) Tj ET Q q 0 0 0 rg BT 61.32 652.20 Td (have ) Tj ET Q q 0 0 0 rg BT 77.77 652.20 Td (established ) Tj ET Q q 0 0 0 rg BT 114.68 652.20 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 148.47 652.20 Td (controls ) Tj ET Q q 0 0 0 rg BT 175.60 652.20 Td (and ) Tj ET Q q 0 0 0 rg BT 188.50 652.20 Td (procedures ) Tj ET Q q 0 0 0 rg BT 224.95 652.20 Td (designed ) Tj ET Q q 0 0 0 rg BT 254.75 652.20 Td (to ) Tj ET Q q 0 0 0 rg BT 262.32 652.20 Td (ensure ) Tj ET Q q 0 0 0 rg BT 284.56 652.20 Td (that ) Tj ET Q q 0 0 0 rg BT 297.91 652.20 Td (information ) Tj ET Q q 0 0 0 rg BT 337.04 652.20 Td (required ) Tj ET Q q 0 0 0 rg BT 365.04 652.20 Td (to ) Tj ET Q q 0 0 0 rg BT 372.62 652.20 Td (be ) Tj ET Q q 0 0 0 rg BT 381.53 652.20 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 412.66 652.20 Td (in ) Tj ET Q q 0 0 0 rg BT 420.23 652.20 Td (our ) Tj ET Q q 0 0 0 rg BT 431.95 652.20 Td (Annual ) Tj ET Q q 0 0 0 rg BT 456.86 652.20 Td (Report ) Tj ET Q q 0 0 0 rg BT 479.99 652.20 Td (on ) Tj ET Q q 0 0 0 rg BT 489.35 652.20 Td (Form ) Tj ET Q q 0 0 0 rg BT 508.04 652.20 Td (10-K ) Tj ET Q q 0 0 0 rg BT 525.83 652.20 Td (is ) Tj ET Q q 0 0 0 rg BT 532.52 652.20 Td (recorded, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (processed, ) Tj ET Q q 0 0 0 rg BT 85.57 642.60 Td (summarized ) Tj ET Q q 0 0 0 rg BT 127.20 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 141.27 642.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 170.45 642.60 Td (within ) Tj ET Q q 0 0 0 rg BT 193.43 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 205.73 642.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 237.13 642.60 Td (time ) Tj ET Q q 0 0 0 rg BT 253.88 642.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 279.95 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 294.03 642.60 Td (is ) Tj ET Q q 0 0 0 rg BT 301.89 642.60 Td (designed ) Tj ET Q q 0 0 0 rg BT 332.86 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 341.61 642.60 Td (ensure ) Tj ET Q q 0 0 0 rg BT 365.02 642.60 Td (that ) Tj ET Q q 0 0 0 rg BT 379.54 642.60 Td (information ) Tj ET Q q 0 0 0 rg BT 419.84 642.60 Td (required ) Tj ET Q q 0 0 0 rg BT 449.02 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 457.77 642.60 Td (be ) Tj ET Q q 0 0 0 rg BT 467.84 642.60 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 500.14 642.60 Td (is ) Tj ET Q q 0 0 0 rg BT 508.01 642.60 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 550.96 642.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 633.00 Td (communicated ) Tj ET Q q 0 0 0 rg BT 98.33 633.00 Td (to ) Tj ET Q q 0 0 0 rg BT 106.29 633.00 Td (management, ) Tj ET Q q 0 0 0 rg BT 150.90 633.00 Td (including ) Tj ET Q q 0 0 0 rg BT 182.86 633.00 Td (the ) Tj ET Q q 0 0 0 rg BT 194.37 633.00 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 224.10 633.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 257.82 633.00 Td (Of) Tj ET Q q 0 0 0 rg BT 266.12 633.00 Td (ficers ) Tj ET Q q 0 0 0 rg BT 285.62 633.00 Td (and ) Tj ET Q q 0 0 0 rg BT 298.91 633.00 Td (the ) Tj ET Q q 0 0 0 rg BT 310.42 633.00 Td (Chief ) Tj ET Q q 0 0 0 rg BT 329.93 633.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 361.44 633.00 Td (Of) Tj ET Q q 0 0 0 rg BT 369.74 633.00 Td (ficer ) Tj ET Q q 0 0 0 rg BT 386.13 633.00 Td (to ) Tj ET Q q 0 0 0 rg BT 394.09 633.00 Td (allow ) Tj ET Q q 0 0 0 rg BT 413.60 633.00 Td (timely ) Tj ET Q q 0 0 0 rg BT 435.78 633.00 Td (decisions ) Tj ET Q q 0 0 0 rg BT 467.29 633.00 Td (regarding ) Tj ET Q q 0 0 0 rg BT 499.68 633.00 Td (required ) Tj ET Q q 0 0 0 rg BT 528.07 633.00 Td (disclosure.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 617.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.69 617.40 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 93.43 617.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 127.17 617.40 Td (Of) Tj ET Q q 0 0 0 rg BT 135.46 617.40 Td (ficers ) Tj ET Q q 0 0 0 rg BT 154.98 617.40 Td (and ) Tj ET Q q 0 0 0 rg BT 168.28 617.40 Td (our ) Tj ET Q q 0 0 0 rg BT 180.70 617.40 Td (Chief ) Tj ET Q q 0 0 0 rg BT 200.22 617.40 Td (Financial ) Tj ET Q q 0 0 0 rg BT 231.74 617.40 Td (Of) Tj ET Q q 0 0 0 rg BT 240.04 617.40 Td (ficer ) Tj ET Q q 0 0 0 rg BT 256.44 617.40 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 288.84 617.40 Td (the ) Tj ET Q q 0 0 0 rg BT 300.37 617.40 Td (ef) Tj ET Q q 0 0 0 rg BT 306.44 617.40 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 343.73 617.40 Td (of ) Tj ET Q q 0 0 0 rg BT 352.14 617.40 Td (the ) Tj ET Q q 0 0 0 rg BT 363.67 617.40 Td (design ) Tj ET Q q 0 0 0 rg BT 386.30 617.40 Td (and ) Tj ET Q q 0 0 0 rg BT 399.61 617.40 Td (operation ) Tj ET Q q 0 0 0 rg BT 431.57 617.40 Td (of ) Tj ET Q q 0 0 0 rg BT 439.98 617.40 Td (our ) Tj ET Q q 0 0 0 rg BT 452.40 617.40 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 486.59 617.40 Td (controls ) Tj ET Q q 0 0 0 rg BT 514.11 617.40 Td (and ) Tj ET Q q 0 0 0 rg BT 527.41 617.40 Td (procedures ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 607.80 Td (as ) Tj ET Q q 0 0 0 rg BT 58.40 607.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 84.63 607.80 Td (in ) Tj ET Q q 0 0 0 rg BT 93.09 607.80 Td (Rules ) Tj ET Q q 0 0 0 rg BT 113.55 607.80 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 146.88 607.80 Td (and ) Tj ET Q q 0 0 0 rg BT 160.67 607.80 Td (15d-15\(e\) ) Tj ET Q q 0 0 0 rg BT 194.45 607.80 Td (under ) Tj ET Q q 0 0 0 rg BT 214.90 607.80 Td (the ) Tj ET Q q 0 0 0 rg BT 226.91 607.80 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 260.19 607.80 Td (Act ) Tj ET Q q 0 0 0 rg BT 273.98 607.80 Td (as ) Tj ET Q q 0 0 0 rg BT 282.88 607.80 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.78 607.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 338.89 607.80 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.89 607.80 Td ( ) Tj ET Q q 0 0 0 rg BT 357.12 607.80 Td (and ) Tj ET Q q 0 0 0 rg BT 370.91 607.80 Td (concluded ) Tj ET Q q 0 0 0 rg BT 406.02 607.80 Td (that ) Tj ET Q q 0 0 0 rg BT 420.26 607.80 Td (our ) Tj ET Q q 0 0 0 rg BT 433.16 607.80 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 467.83 607.80 Td (controls ) Tj ET Q q 0 0 0 rg BT 495.85 607.80 Td (and ) Tj ET Q q 0 0 0 rg BT 509.63 607.80 Td (procedures ) Tj ET Q q 0 0 0 rg BT 546.96 607.80 Td (were ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 598.20 Td (ef) Tj ET Q q 0 0 0 rg BT 55.57 598.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 79.33 598.20 Td (as ) Tj ET Q q 0 0 0 rg BT 88.00 598.20 Td (of ) Tj ET Q q 0 0 0 rg BT 96.66 598.20 Td (that ) Tj ET Q q 0 0 0 rg BT 110.66 598.20 Td (date.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 579.60 Td (Management) Tj ET Q q 0 0 0 rg BT 96.75 579.60 Td (s ) Tj ET Q q 0 0 0 rg BT 101.86 579.60 Td (Report ) Tj ET Q q 0 0 0 rg BT 127.85 579.60 Td (on ) Tj ET Q q 0 0 0 rg BT 138.30 579.60 Td (Internal ) Tj ET Q q 0 0 0 rg BT 168.30 579.60 Td (Contr) Tj ET Q q 0 0 0 rg BT 188.60 579.60 Td (ol ) Tj ET Q q 0 0 0 rg BT 196.82 579.60 Td (Over) Tj ET Q q 0 0 0 rg BT 214.00 579.60 Td ( ) Tj ET Q q 0 0 0 rg BT 216.00 579.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 250.00 579.60 Td (Reporting) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 564.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.48 564.00 Td (management ) Tj ET Q q 0 0 0 rg BT 105.89 564.00 Td (is ) Tj ET Q q 0 0 0 rg BT 112.77 564.00 Td (responsible ) Tj ET Q q 0 0 0 rg BT 150.75 564.00 Td (for ) Tj ET Q q 0 0 0 rg BT 161.62 564.00 Td (establishing ) Tj ET Q q 0 0 0 rg BT 201.38 564.00 Td (and ) Tj ET Q q 0 0 0 rg BT 214.47 564.00 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 254.23 564.00 Td (adequate ) Tj ET Q q 0 0 0 rg BT 284.19 564.00 Td (internal ) Tj ET Q q 0 0 0 rg BT 310.17 564.00 Td (control ) Tj ET Q q 0 0 0 rg BT 334.37 564.00 Td (over ) Tj ET Q q 0 0 0 rg BT 350.13 564.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.65 564.00 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 412.40 564.00 Td (W) Tj ET Q q 0 0 0 rg BT 419.31 564.00 Td (e ) Tj ET Q q 0 0 0 rg BT 424.41 564.00 Td (have ) Tj ET Q q 0 0 0 rg BT 441.05 564.00 Td (performed ) Tj ET Q q 0 0 0 rg BT 475.91 564.00 Td (an ) Tj ET Q q 0 0 0 rg BT 485.00 564.00 Td (assessment ) Tj ET Q q 0 0 0 rg BT 522.09 564.00 Td (of ) Tj ET Q q 0 0 0 rg BT 530.29 564.00 Td (the ) Tj ET Q q 0 0 0 rg BT 541.61 564.00 Td (design ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 554.40 Td (and ) Tj ET Q q 0 0 0 rg BT 63.63 554.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 96.42 554.40 Td (ef) Tj ET Q q 0 0 0 rg BT 102.49 554.40 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 140.61 554.40 Td (of ) Tj ET Q q 0 0 0 rg BT 149.86 554.40 Td (our ) Tj ET Q q 0 0 0 rg BT 163.10 554.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 190.11 554.40 Td (control ) Tj ET Q q 0 0 0 rg BT 215.35 554.40 Td (over ) Tj ET Q q 0 0 0 rg BT 232.15 554.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 262.71 554.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 294.62 554.40 Td (as ) Tj ET Q q 0 0 0 rg BT 303.86 554.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.11 554.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 360.55 554.40 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.55 554.40 Td (. ) Tj ET Q q 0 0 0 rg BT 380.95 554.40 Td (This ) Tj ET Q q 0 0 0 rg BT 397.75 554.40 Td (assessment ) Tj ET Q q 0 0 0 rg BT 435.88 554.40 Td (was ) Tj ET Q q 0 0 0 rg BT 450.90 554.40 Td (performed ) Tj ET Q q 0 0 0 rg BT 486.80 554.40 Td (under ) Tj ET Q q 0 0 0 rg BT 507.59 554.40 Td (the ) Tj ET Q q 0 0 0 rg BT 519.95 554.40 Td (direction ) Tj ET Q q 0 0 0 rg BT 550.96 554.40 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 544.80 Td (supervision ) Tj ET Q q 0 0 0 rg BT 87.88 544.80 Td (of ) Tj ET Q q 0 0 0 rg BT 96.04 544.80 Td (our ) Tj ET Q q 0 0 0 rg BT 108.19 544.80 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 137.68 544.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 171.15 544.80 Td (Of) Tj ET Q q 0 0 0 rg BT 179.45 544.80 Td (ficers ) Tj ET Q q 0 0 0 rg BT 198.71 544.80 Td (and ) Tj ET Q q 0 0 0 rg BT 211.75 544.80 Td (our ) Tj ET Q q 0 0 0 rg BT 223.91 544.80 Td (Chief ) Tj ET Q q 0 0 0 rg BT 243.18 544.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 274.44 544.80 Td (Of) Tj ET Q q 0 0 0 rg BT 282.74 544.80 Td (ficer) Tj ET Q q 0 0 0 rg BT 297.07 544.80 Td (, ) Tj ET Q q 0 0 0 rg BT 300.56 544.80 Td (and ) Tj ET Q q 0 0 0 rg BT 313.61 544.80 Td (utilized ) Tj ET Q q 0 0 0 rg BT 339.09 544.80 Td (the ) Tj ET Q q 0 0 0 rg BT 350.36 544.80 Td (framework ) Tj ET Q q 0 0 0 rg BT 386.94 544.80 Td (established ) Tj ET Q q 0 0 0 rg BT 423.98 544.80 Td (in ) Tj ET Q q 0 0 0 rg BT 431.70 544.80 Td (Internal ) Tj ET Q q 0 0 0 rg BT 461.62 544.80 Td (Control ) Tj ET Q q 0 0 0 rg BT 487.56 544.80 Td (- ) Tj ET Q q 0 0 0 rg BT 491.71 544.80 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 525.63 544.80 Td (Framework ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 535.20 Td (\(2013\) ) Tj ET Q q 0 0 0 rg BT 76.38 535.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 98.38 535.20 Td (by ) Tj ET Q q 0 0 0 rg BT 108.38 535.20 Td (the ) Tj ET Q q 0 0 0 rg BT 120.15 535.20 Td (Committee ) Tj ET Q q 0 0 0 rg BT 157.70 535.20 Td (of ) Tj ET Q q 0 0 0 rg BT 166.37 535.20 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 204.82 535.20 Td (Or) Tj ET Q q 0 0 0 rg BT 213.11 535.20 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 251.55 535.20 Td (of ) Tj ET Q q 0 0 0 rg BT 260.21 535.20 Td (the ) Tj ET Q q 0 0 0 rg BT 271.84 535.20 Td (T) Tj ET Q q 0 0 0 rg BT 276.45 535.20 Td (readway ) Tj ET Q q 0 0 0 rg BT 305.54 535.20 Td (Commission ) Tj ET Q q 0 0 0 rg BT 347.99 535.20 Td (\(COSO\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 519.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 70.56 519.60 Td (on ) Tj ET Q q 0 0 0 rg BT 80.06 519.60 Td (that ) Tj ET Q q 0 0 0 rg BT 93.56 519.60 Td (evaluation, ) Tj ET Q q 0 0 0 rg BT 130.39 519.60 Td (we ) Tj ET Q q 0 0 0 rg BT 141.22 519.60 Td (concluded ) Tj ET Q q 0 0 0 rg BT 175.60 519.60 Td (that ) Tj ET Q q 0 0 0 rg BT 189.10 519.60 Td (as ) Tj ET Q q 0 0 0 rg BT 197.27 519.60 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.44 519.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 251.81 519.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.81 519.60 Td (, ) Tj ET Q q 0 0 0 rg BT 271.32 519.60 Td (our ) Tj ET Q q 0 0 0 rg BT 283.48 519.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 309.42 519.60 Td (control ) Tj ET Q q 0 0 0 rg BT 333.59 519.60 Td (over ) Tj ET Q q 0 0 0 rg BT 349.31 519.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 378.80 519.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 409.63 519.60 Td (was ) Tj ET Q q 0 0 0 rg BT 423.57 519.60 Td (ef) Tj ET Q q 0 0 0 rg BT 429.64 519.60 Td (fective. ) Tj ET Q q 0 0 0 rg BT 454.91 519.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 468.86 519.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 509.46 519.60 Td (registered ) Tj ET Q q 0 0 0 rg BT 542.50 519.60 Td (public ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 510.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 87.01 510.00 Td (firm, ) Tj ET Q q 0 0 0 rg BT 105.20 510.00 Td (Ernst ) Tj ET Q q 0 0 0 rg BT 124.51 510.00 Td (& ) Tj ET Q q 0 0 0 rg BT 132.79 510.00 Td (Y) Tj ET Q q 0 0 0 rg BT 137.76 510.00 Td (oung ) Tj ET Q q 0 0 0 rg BT 156.18 510.00 Td (LLP) Tj ET Q q 0 0 0 rg BT 169.51 510.00 Td (, ) Tj ET Q q 0 0 0 rg BT 173.93 510.00 Td (has ) Tj ET Q q 0 0 0 rg BT 187.01 510.00 Td (audited ) Tj ET Q q 0 0 0 rg BT 212.97 510.00 Td (our ) Tj ET Q q 0 0 0 rg BT 226.05 510.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 256.45 510.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 292.64 510.00 Td (and ) Tj ET Q q 0 0 0 rg BT 306.61 510.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 329.02 510.00 Td (a ) Tj ET Q q 0 0 0 rg BT 334.99 510.00 Td (report ) Tj ET Q q 0 0 0 rg BT 356.51 510.00 Td (on ) Tj ET Q q 0 0 0 rg BT 366.92 510.00 Td (the ) Tj ET Q q 0 0 0 rg BT 379.11 510.00 Td (ef) Tj ET Q q 0 0 0 rg BT 385.18 510.00 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 423.14 510.00 Td (of ) Tj ET Q q 0 0 0 rg BT 432.22 510.00 Td (internal ) Tj ET Q q 0 0 0 rg BT 459.07 510.00 Td (control ) Tj ET Q q 0 0 0 rg BT 484.14 510.00 Td (over ) Tj ET Q q 0 0 0 rg BT 500.77 510.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 531.17 510.00 Td (reporting, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 500.40 Td (which ) Tj ET Q q 0 0 0 rg BT 71.05 500.40 Td (is ) Tj ET Q q 0 0 0 rg BT 78.39 500.40 Td (included ) Tj ET Q q 0 0 0 rg BT 107.93 500.40 Td (herein.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 481.80 Td (Changes ) Tj ET Q q 0 0 0 rg BT 80.84 481.80 Td (in ) Tj ET Q q 0 0 0 rg BT 89.51 481.80 Td (Internal ) Tj ET Q q 0 0 0 rg BT 119.51 481.80 Td (Contr) Tj ET Q q 0 0 0 rg BT 139.81 481.80 Td (ols) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 466.20 Td (There ) Tj ET Q q 0 0 0 rg BT 70.11 466.20 Td (were ) Tj ET Q q 0 0 0 rg BT 87.62 466.20 Td (no ) Tj ET Q q 0 0 0 rg BT 97.58 466.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 125.31 466.20 Td (in ) Tj ET Q q 0 0 0 rg BT 133.49 466.20 Td (our ) Tj ET Q q 0 0 0 rg BT 146.12 466.20 Td (internal ) Tj ET Q q 0 0 0 rg BT 172.51 466.20 Td (controls ) Tj ET Q q 0 0 0 rg BT 200.25 466.20 Td (over ) Tj ET Q q 0 0 0 rg BT 216.43 466.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 246.37 466.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 277.66 466.20 Td (during ) Tj ET Q q 0 0 0 rg BT 300.51 466.20 Td (the ) Tj ET Q q 0 0 0 rg BT 312.24 466.20 Td (three ) Tj ET Q q 0 0 0 rg BT 330.19 466.20 Td (month ) Tj ET Q q 0 0 0 rg BT 352.60 466.20 Td (period ) Tj ET Q q 0 0 0 rg BT 375.00 466.20 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.06 466.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 442.89 466.20 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.89 466.20 Td ( ) Tj ET Q q 0 0 0 rg BT 460.85 466.20 Td (that ) Tj ET Q q 0 0 0 rg BT 474.81 466.20 Td (have ) Tj ET Q q 0 0 0 rg BT 491.88 466.20 Td (materially ) Tj ET Q q 0 0 0 rg BT 526.27 466.20 Td (af) Tj ET Q q 0 0 0 rg BT 532.34 466.20 Td (fected, ) Tj ET Q q 0 0 0 rg BT 555.84 466.20 Td (or ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 456.60 Td (are ) Tj ET Q q 0 0 0 rg BT 61.27 456.60 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 97.92 456.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 118.14 456.60 Td (to ) Tj ET Q q 0 0 0 rg BT 126.36 456.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 160.79 456.60 Td (af) Tj ET Q q 0 0 0 rg BT 166.86 456.60 Td (fect, ) Tj ET Q q 0 0 0 rg BT 182.85 456.60 Td (our ) Tj ET Q q 0 0 0 rg BT 195.51 456.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 221.95 456.60 Td (control ) Tj ET Q q 0 0 0 rg BT 246.61 456.60 Td (over ) Tj ET Q q 0 0 0 rg BT 262.82 456.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 292.80 456.60 Td (reporting.) Tj ET Q endstream endobj 155 0 obj <>] /Rotate 0 /Contents 156 0 R>> endobj 156 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (74) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (REPOR) Tj ET Q q 0 0 0 rg BT 77.22 723.60 Td (T) Tj ET Q q 0 0 0 rg BT 82.41 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 84.41 723.60 Td (OF) Tj ET Q q 0 0 0 rg BT 95.22 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 97.22 723.60 Td (INDEPENDENT) Tj ET Q q 0 0 0 rg BT 155.31 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 157.31 723.60 Td (REGISTERED ) Tj ET Q q 0 0 0 rg BT 211.77 723.60 Td (PUBLIC ) Tj ET Q q 0 0 0 rg BT 243.55 723.60 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 301.11 723.60 Td (FIRM) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 705.00 Td (T) Tj ET Q q 0 0 0 rg BT 53.83 705.00 Td (o ) Tj ET Q q 0 0 0 rg BT 59.83 705.00 Td (the ) Tj ET Q q 0 0 0 rg BT 71.60 705.00 Td (Board ) Tj ET Q q 0 0 0 rg BT 93.15 705.00 Td (of ) Tj ET Q q 0 0 0 rg BT 101.82 705.00 Td (Directors ) Tj ET Q q 0 0 0 rg BT 133.58 705.00 Td (and ) Tj ET Q q 0 0 0 rg BT 147.13 705.00 Td (the ) Tj ET Q q 0 0 0 rg BT 158.91 705.00 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 202.67 705.00 Td (of ) Tj ET Q q 0 0 0 rg BT 211.34 705.00 Td (Central ) Tj ET Q q 0 0 0 rg BT 236.88 705.00 Td (European ) Tj ET Q q 0 0 0 rg BT 269.54 705.00 Td (Media ) Tj ET Q q 0 0 0 rg BT 291.97 705.00 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 329.96 705.00 Td (Ltd.) 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Tj ET Q q 0 0 0 rg BT 233.85 650.60 Td (s ) Tj ET Q q 0 0 0 rg BT 239.05 650.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 253.57 650.60 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 289.43 650.60 Td (maintained, ) Tj ET Q q 0 0 0 rg BT 329.06 650.60 Td (in ) Tj ET Q q 0 0 0 rg BT 337.38 650.60 Td (all ) Tj ET Q q 0 0 0 rg BT 347.46 650.60 Td (material ) Tj ET Q q 0 0 0 rg BT 375.75 650.60 Td (respects, ) Tj ET Q q 0 0 0 rg BT 405.61 650.60 Td (ef) Tj ET Q q 0 0 0 rg BT 411.68 650.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 435.53 650.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 462.05 650.60 Td (control ) Tj ET Q q 0 0 0 rg BT 486.80 650.60 Td (over ) Tj ET Q q 0 0 0 rg BT 503.10 650.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 533.17 650.60 Td (reporting ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 641.00 Td (as ) Tj ET Q q 0 0 0 rg BT 58.16 641.00 Td (of ) Tj ET Q q 0 0 0 rg BT 66.83 641.00 Td (December ) Tj ET Q q 0 0 0 rg BT 101.70 641.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 113.70 641.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 133.70 641.00 Td (based ) Tj ET Q q 0 0 0 rg BT 153.91 641.00 Td (on ) Tj ET Q q 0 0 0 rg BT 163.91 641.00 Td (the ) Tj ET Q q 0 0 0 rg BT 175.68 641.00 Td (COSO ) Tj ET Q q 0 0 0 rg BT 199.02 641.00 Td (criteria. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 623.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 623.40 Td (e ) Tj ET Q q 0 0 0 rg BT 61.95 623.40 Td (also ) Tj ET Q q 0 0 0 rg BT 76.83 623.40 Td (have ) Tj ET Q q 0 0 0 rg BT 93.92 623.40 Td (audited, ) Tj ET Q q 0 0 0 rg BT 121.45 623.40 Td (in ) Tj ET Q q 0 0 0 rg BT 129.67 623.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 167.62 623.40 Td (with ) Tj ET Q q 0 0 0 rg BT 183.83 623.40 Td (the ) Tj ET Q q 0 0 0 rg BT 195.60 623.40 Td (standards ) Tj ET Q q 0 0 0 rg BT 227.80 623.40 Td (of ) Tj ET Q q 0 0 0 rg BT 236.46 623.40 Td (the ) Tj ET Q q 0 0 0 rg BT 248.22 623.40 Td (Public ) Tj ET Q q 0 0 0 rg BT 270.65 623.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 303.31 623.40 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 342.63 623.40 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 376.17 623.40 Td (Board ) Tj ET Q q 0 0 0 rg BT 397.71 623.40 Td (\(United ) Tj ET Q q 0 0 0 rg BT 424.13 623.40 Td (States\) ) Tj ET Q q 0 0 0 rg BT 447.90 623.40 Td (\(PCAOB\), ) Tj ET Q q 0 0 0 rg BT 483.89 623.40 Td (the ) Tj ET Q q 0 0 0 rg BT 495.65 623.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 538.07 623.40 Td (balance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 613.80 Td (sheets ) Tj ET Q q 0 0 0 rg BT 71.70 613.80 Td (of ) Tj ET Q q 0 0 0 rg BT 81.01 613.80 Td (Central ) Tj ET Q q 0 0 0 rg BT 107.20 613.80 Td (European ) Tj ET Q q 0 0 0 rg BT 140.50 613.80 Td (Media ) Tj ET Q q 0 0 0 rg BT 163.59 613.80 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 202.22 613.80 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 217.98 613.80 Td (as ) Tj ET Q q 0 0 0 rg BT 227.29 613.80 Td (of ) Tj ET Q q 0 0 0 rg BT 236.60 613.80 Td (December ) Tj ET Q q 0 0 0 rg BT 272.12 613.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 284.77 613.80 Td (2018 ) Tj ET Q q 0 0 0 rg BT 303.41 613.80 Td (and ) Tj ET Q q 0 0 0 rg BT 317.61 613.80 Td (2017, ) Tj ET Q q 0 0 0 rg BT 338.26 613.80 Td (the ) Tj ET Q q 0 0 0 rg BT 350.68 613.80 Td (related ) Tj ET Q q 0 0 0 rg BT 375.09 613.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 418.17 613.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 454.59 613.80 Td (of ) Tj ET Q q 0 0 0 rg BT 463.90 613.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 499.87 613.80 Td (and ) Tj ET Q q 0 0 0 rg BT 514.07 613.80 Td (comprehensive ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 604.20 Td (income ) Tj ET Q q 0 0 0 rg BT 75.20 604.20 Td (/ ) Tj ET Q q 0 0 0 rg BT 79.58 604.20 Td (loss, ) Tj ET Q q 0 0 0 rg BT 96.18 604.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 118.34 604.20 Td (and ) Tj ET Q q 0 0 0 rg BT 132.04 604.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 148.41 604.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 168.34 604.20 Td (for ) Tj ET Q q 0 0 0 rg BT 179.83 604.20 Td (each ) Tj ET Q q 0 0 0 rg BT 196.64 604.20 Td (of ) Tj ET Q q 0 0 0 rg BT 205.46 604.20 Td (the ) Tj ET Q q 0 0 0 rg BT 217.38 604.20 Td (three ) Tj ET Q q 0 0 0 rg BT 235.53 604.20 Td (years ) Tj ET Q q 0 0 0 rg BT 254.56 604.20 Td (in ) Tj ET Q q 0 0 0 rg BT 262.94 604.20 Td (the ) Tj ET Q q 0 0 0 rg BT 274.87 604.20 Td (period ) Tj ET Q q 0 0 0 rg BT 297.46 604.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 318.72 604.20 Td (December ) Tj ET Q q 0 0 0 rg BT 353.74 604.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 365.90 604.20 Td (2018, ) Tj ET Q q 0 0 0 rg BT 386.05 604.20 Td (of ) Tj ET Q q 0 0 0 rg BT 394.87 604.20 Td (the ) Tj ET Q q 0 0 0 rg BT 406.80 604.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 440.06 604.20 Td (and ) Tj ET Q q 0 0 0 rg BT 453.77 604.20 Td (our ) Tj ET Q q 0 0 0 rg BT 466.59 604.20 Td (report ) Tj ET Q q 0 0 0 rg BT 487.85 604.20 Td (dated ) Tj ET Q q 0 0 0 rg BT 507.33 604.20 Td (February ) Tj ET Q q 0 0 0 rg BT 538.36 604.20 Td (6, ) Tj ET Q q 0 0 0 rg BT 546.51 604.20 Td (2019 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (expressed ) Tj ET Q q 0 0 0 rg BT 83.04 594.60 Td (an ) Tj ET Q q 0 0 0 rg BT 92.59 594.60 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 131.03 594.60 Td (opinion ) Tj ET Q q 0 0 0 rg BT 157.47 594.60 Td (thereon. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 577.00 Td (Basis ) Tj ET Q q 0 0 0 rg BT 69.29 577.00 Td (for) Tj ET Q q 0 0 0 rg BT 79.36 577.00 Td ( ) Tj ET Q q 0 0 0 rg BT 81.36 577.00 Td (Opinion) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 559.40 Td (The ) Tj ET Q q 0 0 0 rg BT 63.57 559.40 Td (Company) Tj ET Q q 0 0 0 rg BT 96.91 559.40 Td (s ) Tj ET Q q 0 0 0 rg BT 101.65 559.40 Td (management ) Tj ET Q q 0 0 0 rg BT 144.16 559.40 Td (is ) Tj ET Q q 0 0 0 rg BT 151.13 559.40 Td (responsible ) Tj ET Q q 0 0 0 rg BT 189.21 559.40 Td (for ) Tj ET Q q 0 0 0 rg BT 200.17 559.40 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 240.02 559.40 Td (ef) Tj ET Q q 0 0 0 rg BT 246.09 559.40 Td (fective ) Tj ET Q q 0 0 0 rg BT 269.49 559.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 295.56 559.40 Td (control ) Tj ET Q q 0 0 0 rg BT 319.85 559.40 Td (over ) Tj ET Q q 0 0 0 rg BT 335.70 559.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 365.32 559.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 396.28 559.40 Td (and ) Tj ET Q q 0 0 0 rg BT 409.47 559.40 Td (for ) Tj ET Q q 0 0 0 rg BT 420.43 559.40 Td (its ) Tj ET Q q 0 0 0 rg BT 429.63 559.40 Td (assessment ) Tj ET Q q 0 0 0 rg BT 466.82 559.40 Td (of ) Tj ET Q q 0 0 0 rg BT 475.12 559.40 Td (the ) Tj ET Q q 0 0 0 rg BT 486.52 559.40 Td (ef) Tj ET Q q 0 0 0 rg BT 492.59 559.40 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 529.77 559.40 Td (of ) Tj ET Q q 0 0 0 rg BT 538.07 559.40 Td (internal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 549.80 Td (control ) Tj ET Q q 0 0 0 rg BT 73.80 549.80 Td (over ) Tj ET Q q 0 0 0 rg BT 89.65 549.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 119.28 549.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 150.24 549.80 Td (included ) Tj ET Q q 0 0 0 rg BT 179.42 549.80 Td (in ) Tj ET Q q 0 0 0 rg BT 187.29 549.80 Td (the ) Tj ET Q q 0 0 0 rg BT 198.70 549.80 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 246.62 549.80 Td (Annual ) Tj ET Q q 0 0 0 rg BT 271.81 549.80 Td (Report ) Tj ET Q q 0 0 0 rg BT 295.22 549.80 Td (on ) Tj ET Q q 0 0 0 rg BT 304.86 549.80 Td (Form ) Tj ET Q q 0 0 0 rg BT 323.84 549.80 Td (10-K. ) Tj ET Q q 0 0 0 rg BT 343.92 549.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 358.00 549.80 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 403.19 549.80 Td (is ) Tj ET Q q 0 0 0 rg BT 410.17 549.80 Td (to ) Tj ET Q q 0 0 0 rg BT 418.03 549.80 Td (express ) Tj ET Q q 0 0 0 rg BT 443.66 549.80 Td (an ) Tj ET Q q 0 0 0 rg BT 452.85 549.80 Td (opinion ) Tj ET Q q 0 0 0 rg BT 478.93 549.80 Td (on ) Tj ET Q q 0 0 0 rg BT 488.57 549.80 Td (the ) Tj ET Q q 0 0 0 rg BT 499.98 549.80 Td (Company) Tj ET Q q 0 0 0 rg BT 533.31 549.80 Td (s ) Tj ET Q q 0 0 0 rg BT 538.07 549.80 Td (internal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 540.20 Td (control ) Tj ET Q q 0 0 0 rg BT 74.22 540.20 Td (over ) Tj ET Q q 0 0 0 rg BT 90.50 540.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 120.54 540.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 151.93 540.20 Td (based ) Tj ET Q q 0 0 0 rg BT 172.21 540.20 Td (on ) Tj ET Q q 0 0 0 rg BT 182.27 540.20 Td (our ) Tj ET Q q 0 0 0 rg BT 194.99 540.20 Td (audit. ) Tj ET Q q 0 0 0 rg BT 214.90 540.20 Td (W) Tj ET Q q 0 0 0 rg BT 221.81 540.20 Td (e ) Tj ET Q q 0 0 0 rg BT 227.42 540.20 Td (are ) Tj ET Q q 0 0 0 rg BT 239.25 540.20 Td (a ) Tj ET Q q 0 0 0 rg BT 244.86 540.20 Td (public ) Tj ET Q q 0 0 0 rg BT 266.92 540.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 304.08 540.20 Td (firm ) Tj ET Q q 0 0 0 rg BT 319.92 540.20 Td (registered ) Tj ET Q q 0 0 0 rg BT 353.52 540.20 Td (with ) Tj ET Q q 0 0 0 rg BT 369.80 540.20 Td (the ) Tj ET Q q 0 0 0 rg BT 381.64 540.20 Td (PCAOB ) Tj ET Q q 0 0 0 rg BT 410.37 540.20 Td (and ) Tj ET Q q 0 0 0 rg BT 423.98 540.20 Td (are ) Tj ET Q q 0 0 0 rg BT 435.81 540.20 Td (required ) Tj ET Q q 0 0 0 rg BT 464.53 540.20 Td (to ) Tj ET Q q 0 0 0 rg BT 472.81 540.20 Td (be ) Tj ET Q q 0 0 0 rg BT 482.42 540.20 Td (independent ) Tj ET Q q 0 0 0 rg BT 523.58 540.20 Td (with ) Tj ET Q q 0 0 0 rg BT 539.87 540.20 Td (respect ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 530.60 Td (to ) Tj ET Q q 0 0 0 rg BT 57.75 530.60 Td (the ) Tj ET Q q 0 0 0 rg BT 69.55 530.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 102.69 530.60 Td (in ) Tj ET Q q 0 0 0 rg BT 110.95 530.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 148.94 530.60 Td (with ) Tj ET Q q 0 0 0 rg BT 165.20 530.60 Td (the ) Tj ET Q q 0 0 0 rg BT 177.00 530.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 193.25 530.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 217.49 530.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 249.73 530.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 266.42 530.60 Td (and ) Tj ET Q q 0 0 0 rg BT 280.00 530.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.80 530.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 326.70 530.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 344.28 530.60 Td (and ) Tj ET Q q 0 0 0 rg BT 357.86 530.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 395.44 530.60 Td (of ) Tj ET Q q 0 0 0 rg BT 404.13 530.60 Td (the ) Tj ET Q q 0 0 0 rg BT 415.94 530.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 449.51 530.60 Td (and ) Tj ET Q q 0 0 0 rg BT 463.09 530.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 496.66 530.60 Td (Commission ) Tj ET Q q 0 0 0 rg BT 539.14 530.60 Td (and ) Tj ET Q q 0 0 0 rg BT 552.72 530.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 521.00 Td (PCAOB.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 503.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 503.40 Td (e ) Tj ET Q q 0 0 0 rg BT 61.54 503.40 Td (conducted ) Tj ET Q q 0 0 0 rg BT 96.00 503.40 Td (our ) Tj ET Q q 0 0 0 rg BT 108.24 503.40 Td (audit ) Tj ET Q q 0 0 0 rg BT 125.82 503.40 Td (in ) Tj ET Q q 0 0 0 rg BT 133.62 503.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 171.17 503.40 Td (with ) Tj ET Q q 0 0 0 rg BT 186.97 503.40 Td (the ) Tj ET Q q 0 0 0 rg BT 198.32 503.40 Td (standards ) Tj ET Q q 0 0 0 rg BT 230.12 503.40 Td (of ) Tj ET Q q 0 0 0 rg BT 238.36 503.40 Td (the ) Tj ET Q q 0 0 0 rg BT 249.72 503.40 Td (PCAOB. ) Tj ET Q q 0 0 0 rg BT 279.86 503.40 Td (Those ) Tj ET Q q 0 0 0 rg BT 300.99 503.40 Td (standards ) Tj ET Q q 0 0 0 rg BT 332.78 503.40 Td (require ) Tj ET Q q 0 0 0 rg BT 357.02 503.40 Td (that ) Tj ET Q q 0 0 0 rg BT 370.59 503.40 Td (we ) Tj ET Q q 0 0 0 rg BT 381.50 503.40 Td (plan ) Tj ET Q q 0 0 0 rg BT 396.85 503.40 Td (and ) Tj ET Q q 0 0 0 rg BT 409.99 503.40 Td (perform ) Tj ET Q q 0 0 0 rg BT 437.33 503.40 Td (the ) Tj ET Q q 0 0 0 rg BT 448.68 503.40 Td (audit ) Tj ET Q q 0 0 0 rg BT 466.26 503.40 Td (to ) Tj ET Q q 0 0 0 rg BT 474.06 503.40 Td (obtain ) Tj ET Q q 0 0 0 rg BT 495.64 503.40 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 531.42 503.40 Td (assurance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 493.80 Td (about ) Tj ET Q q 0 0 0 rg BT 69.27 493.80 Td (whether ) Tj ET Q q 0 0 0 rg BT 97.04 493.80 Td (ef) Tj ET Q q 0 0 0 rg BT 103.11 493.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 126.87 493.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 153.30 493.80 Td (control ) Tj ET Q q 0 0 0 rg BT 177.96 493.80 Td (over ) Tj ET Q q 0 0 0 rg BT 194.18 493.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 224.16 493.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 255.49 493.80 Td (was ) Tj ET Q q 0 0 0 rg BT 269.93 493.80 Td (maintained ) Tj ET Q q 0 0 0 rg BT 307.47 493.80 Td (in ) Tj ET Q q 0 0 0 rg BT 315.70 493.80 Td (all ) Tj ET Q q 0 0 0 rg BT 325.69 493.80 Td (material ) Tj ET Q q 0 0 0 rg BT 353.90 493.80 Td (respects. ) Tj ET Q q 0 0 0 rg BT 383.66 493.80 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 476.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.59 476.20 Td (audit ) Tj ET Q q 0 0 0 rg BT 81.23 476.20 Td (included ) Tj ET Q q 0 0 0 rg BT 110.43 476.20 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 142.30 476.20 Td (an ) Tj ET Q q 0 0 0 rg BT 151.50 476.20 Td (understanding ) Tj ET Q q 0 0 0 rg BT 198.47 476.20 Td (of ) Tj ET Q q 0 0 0 rg BT 206.78 476.20 Td (internal ) Tj ET Q q 0 0 0 rg BT 232.86 476.20 Td (control ) Tj ET Q q 0 0 0 rg BT 257.17 476.20 Td (over ) Tj ET Q q 0 0 0 rg BT 273.04 476.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.67 476.20 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 335.64 476.20 Td (assessing ) Tj ET Q q 0 0 0 rg BT 367.07 476.20 Td (the ) Tj ET Q q 0 0 0 rg BT 378.49 476.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 392.14 476.20 Td (that ) Tj ET Q q 0 0 0 rg BT 405.78 476.20 Td (a ) Tj ET Q q 0 0 0 rg BT 410.98 476.20 Td (material ) Tj ET Q q 0 0 0 rg BT 438.84 476.20 Td (weakness ) Tj ET Q q 0 0 0 rg BT 471.14 476.20 Td (exists, ) Tj ET Q q 0 0 0 rg BT 493.01 476.20 Td (testing ) Tj ET Q q 0 0 0 rg BT 515.99 476.20 Td (and ) Tj ET Q q 0 0 0 rg BT 529.19 476.20 Td (evaluating ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 466.60 Td (the ) Tj ET Q q 0 0 0 rg BT 61.74 466.60 Td (design ) Tj ET Q q 0 0 0 rg BT 85.09 466.60 Td (and ) Tj ET Q q 0 0 0 rg BT 99.10 466.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 131.77 466.60 Td (ef) Tj ET Q q 0 0 0 rg BT 137.84 466.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 175.85 466.60 Td (of ) Tj ET Q q 0 0 0 rg BT 184.97 466.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 211.87 466.60 Td (control ) Tj ET Q q 0 0 0 rg BT 236.99 466.60 Td (based ) Tj ET Q q 0 0 0 rg BT 257.67 466.60 Td (on ) Tj ET Q q 0 0 0 rg BT 268.13 466.60 Td (the ) Tj ET Q q 0 0 0 rg BT 280.37 466.60 Td (assessed ) Tj ET Q q 0 0 0 rg BT 309.94 466.60 Td (risk, ) Tj ET Q q 0 0 0 rg BT 326.40 466.60 Td (and ) Tj ET Q q 0 0 0 rg BT 340.41 466.60 Td (performing ) Tj ET Q q 0 0 0 rg BT 378.87 466.60 Td (such ) Tj ET Q q 0 0 0 rg BT 395.99 466.60 Td (other ) Tj ET Q q 0 0 0 rg BT 414.89 466.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 452.45 466.60 Td (as ) Tj ET Q q 0 0 0 rg BT 461.58 466.60 Td (we ) Tj ET Q q 0 0 0 rg BT 473.37 466.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 510.48 466.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 544.04 466.60 Td (in ) Tj ET Q q 0 0 0 rg BT 552.72 466.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 457.00 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 98.67 457.00 Td (W) Tj ET Q q 0 0 0 rg BT 105.58 457.00 Td (e ) Tj ET Q q 0 0 0 rg BT 111.13 457.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 136.23 457.00 Td (that ) Tj ET Q q 0 0 0 rg BT 150.22 457.00 Td (our ) Tj ET Q q 0 0 0 rg BT 162.89 457.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 180.88 457.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 210.43 457.00 Td (a ) Tj ET Q q 0 0 0 rg BT 215.98 457.00 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 252.19 457.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 270.19 457.00 Td (for ) Tj ET Q q 0 0 0 rg BT 281.52 457.00 Td (our ) Tj ET Q q 0 0 0 rg BT 294.18 457.00 Td (opinion. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 439.40 Td (Definition ) Tj ET Q q 0 0 0 rg BT 85.72 439.40 Td (and ) Tj ET Q q 0 0 0 rg BT 100.62 439.40 Td (Limitations ) Tj ET Q q 0 0 0 rg BT 142.18 439.40 Td (of ) Tj ET Q q 0 0 0 rg BT 150.84 439.40 Td (Internal ) Tj ET Q q 0 0 0 rg BT 180.84 439.40 Td (Contr) Tj ET Q q 0 0 0 rg BT 201.14 439.40 Td (ol ) Tj ET Q q 0 0 0 rg BT 209.36 439.40 Td (Over) Tj ET Q q 0 0 0 rg BT 226.54 439.40 Td ( ) Tj ET Q q 0 0 0 rg BT 228.54 439.40 Td (Financial ) Tj ET Q q 0 0 0 rg BT 262.55 439.40 Td (Reporting ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 421.80 Td (A) Tj ET Q q 0 0 0 rg BT 54.84 421.80 Td ( ) Tj ET Q q 0 0 0 rg BT 56.67 421.80 Td (company) Tj ET Q q 0 0 0 rg BT 88.21 421.80 Td (s ) Tj ET Q q 0 0 0 rg BT 93.16 421.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 119.43 421.80 Td (control ) Tj ET Q q 0 0 0 rg BT 143.92 421.80 Td (over ) Tj ET Q q 0 0 0 rg BT 159.96 421.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 189.78 421.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 220.94 421.80 Td (is ) Tj ET Q q 0 0 0 rg BT 228.11 421.80 Td (a ) Tj ET Q q 0 0 0 rg BT 233.49 421.80 Td (process ) Tj ET Q q 0 0 0 rg BT 259.31 421.80 Td (designed ) Tj ET Q q 0 0 0 rg BT 289.58 421.80 Td (to ) Tj ET Q q 0 0 0 rg BT 297.64 421.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 323.91 421.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 359.94 421.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 392.87 421.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 425.35 421.80 Td (the ) Tj ET Q q 0 0 0 rg BT 436.96 421.80 Td (reliability ) Tj ET Q q 0 0 0 rg BT 469.89 421.80 Td (of ) Tj ET Q q 0 0 0 rg BT 478.39 421.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.20 421.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 539.36 421.80 Td (and ) Tj ET Q q 0 0 0 rg BT 552.74 421.80 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 412.20 Td (preparation ) Tj ET Q q 0 0 0 rg BT 87.66 412.20 Td (of ) Tj ET Q q 0 0 0 rg BT 96.06 412.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 125.77 412.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 161.28 412.20 Td (for ) Tj ET Q q 0 0 0 rg BT 172.34 412.20 Td (external ) Tj ET Q q 0 0 0 rg BT 199.83 412.20 Td (purposes ) Tj ET Q q 0 0 0 rg BT 230.01 412.20 Td (in ) Tj ET Q q 0 0 0 rg BT 237.96 412.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 275.67 412.20 Td (with ) Tj ET Q q 0 0 0 rg BT 291.62 412.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 323.12 412.20 Td (accepted ) Tj ET Q q 0 0 0 rg BT 352.83 412.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 389.66 412.20 Td (principles. ) Tj ET Q q 0 0 0 rg BT 424.56 412.20 Td (A) Tj ET Q q 0 0 0 rg BT 429.89 412.20 Td ( ) Tj ET Q q 0 0 0 rg BT 431.63 412.20 Td (company) Tj ET Q q 0 0 0 rg BT 463.17 412.20 Td (s ) Tj ET Q q 0 0 0 rg BT 468.02 412.20 Td (internal ) Tj ET Q q 0 0 0 rg BT 494.19 412.20 Td (control ) Tj ET Q q 0 0 0 rg BT 518.58 412.20 Td (over ) Tj ET Q q 0 0 0 rg BT 534.53 412.20 Td (financial ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 80.31 402.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 108.45 402.60 Td (those ) Tj ET Q q 0 0 0 rg BT 126.82 402.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 153.19 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 166.22 402.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 202.80 402.60 Td (that ) Tj ET Q q 0 0 0 rg BT 216.28 402.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 227.09 402.60 Td (pertain ) Tj ET Q q 0 0 0 rg BT 250.78 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 258.49 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 269.75 402.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 311.65 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 319.80 402.60 Td (records ) Tj ET Q q 0 0 0 rg BT 344.83 402.60 Td (that, ) Tj ET Q q 0 0 0 rg BT 360.31 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 368.01 402.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 403.70 402.60 Td (detail, ) Tj ET Q q 0 0 0 rg BT 424.95 402.60 Td (accurately ) Tj ET Q q 0 0 0 rg BT 459.30 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 472.33 402.60 Td (fairly ) Tj ET Q q 0 0 0 rg BT 491.14 402.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 513.05 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 524.31 402.60 Td (transactions ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 393.00 Td (and ) Tj ET Q q 0 0 0 rg BT 63.65 393.00 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 104.48 393.00 Td (of ) Tj ET Q q 0 0 0 rg BT 113.74 393.00 Td (the ) Tj ET Q q 0 0 0 rg BT 126.12 393.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 147.38 393.00 Td (of ) Tj ET Q q 0 0 0 rg BT 156.64 393.00 Td (the ) Tj ET Q q 0 0 0 rg BT 169.02 393.00 Td (company; ) Tj ET Q q 0 0 0 rg BT 203.16 393.00 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 215.09 393.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 242.13 393.00 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 278.93 393.00 Td (assurance ) Tj ET Q q 0 0 0 rg BT 312.63 393.00 Td (that ) Tj ET Q q 0 0 0 rg BT 327.22 393.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 368.03 393.00 Td (are ) Tj ET Q q 0 0 0 rg BT 380.40 393.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 410.98 393.00 Td (as ) Tj ET Q q 0 0 0 rg BT 420.24 393.00 Td (necessary ) Tj ET Q q 0 0 0 rg BT 453.93 393.00 Td (to ) Tj ET Q q 0 0 0 rg BT 462.76 393.00 Td (permit ) Tj ET Q q 0 0 0 rg BT 486.24 393.00 Td (preparation ) Tj ET Q q 0 0 0 rg BT 525.26 393.00 Td (of ) Tj ET Q q 0 0 0 rg BT 534.53 393.00 Td (financial ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 383.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 85.58 383.40 Td (in ) Tj ET Q q 0 0 0 rg BT 94.12 383.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 132.40 383.40 Td (with ) Tj ET Q q 0 0 0 rg BT 148.93 383.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 181.00 383.40 Td (accepted ) Tj ET Q q 0 0 0 rg BT 211.29 383.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 248.70 383.40 Td (principles, ) Tj ET Q q 0 0 0 rg BT 284.56 383.40 Td (and ) Tj ET Q q 0 0 0 rg BT 298.42 383.40 Td (that ) Tj ET Q q 0 0 0 rg BT 312.73 383.40 Td (receipts ) Tj ET Q q 0 0 0 rg BT 339.92 383.40 Td (and ) Tj ET Q q 0 0 0 rg BT 353.78 383.40 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 396.96 383.40 Td (of ) Tj ET Q q 0 0 0 rg BT 405.94 383.40 Td (the ) Tj ET Q q 0 0 0 rg BT 418.02 383.40 Td (company ) Tj ET Q q 0 0 0 rg BT 449.66 383.40 Td (are ) Tj ET Q q 0 0 0 rg BT 461.74 383.40 Td (being ) Tj ET Q q 0 0 0 rg BT 481.82 383.40 Td (made ) Tj ET Q q 0 0 0 rg BT 501.46 383.40 Td (only ) Tj ET Q q 0 0 0 rg BT 517.99 383.40 Td (in ) Tj ET Q q 0 0 0 rg BT 526.53 383.40 Td (accordance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 373.80 Td (with ) Tj ET Q q 0 0 0 rg BT 65.63 373.80 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 112.85 373.80 Td (of ) Tj ET Q q 0 0 0 rg BT 121.42 373.80 Td (management ) Tj ET Q q 0 0 0 rg BT 164.19 373.80 Td (and ) Tj ET Q q 0 0 0 rg BT 177.65 373.80 Td (directors ) Tj ET Q q 0 0 0 rg BT 207.54 373.80 Td (of ) Tj ET Q q 0 0 0 rg BT 216.10 373.80 Td (the ) Tj ET Q q 0 0 0 rg BT 227.78 373.80 Td (company; ) Tj ET Q q 0 0 0 rg BT 261.23 373.80 Td (and ) Tj ET Q q 0 0 0 rg BT 274.69 373.80 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 285.92 373.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 312.26 373.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 348.36 373.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 381.36 373.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 413.92 373.80 Td (prevention ) Tj ET Q q 0 0 0 rg BT 450.03 373.80 Td (or ) Tj ET Q q 0 0 0 rg BT 458.60 373.80 Td (timely ) Tj ET Q q 0 0 0 rg BT 480.94 373.80 Td (detection ) Tj ET Q q 0 0 0 rg BT 512.17 373.80 Td (of ) Tj ET Q q 0 0 0 rg BT 520.73 373.80 Td (unauthorized ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 364.20 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 88.61 364.20 Td (use, ) Tj ET Q q 0 0 0 rg BT 103.27 364.20 Td (or ) Tj ET Q q 0 0 0 rg BT 111.93 364.20 Td (disposition ) Tj ET Q q 0 0 0 rg BT 149.05 364.20 Td (of ) Tj ET Q q 0 0 0 rg BT 157.71 364.20 Td (the ) Tj ET Q q 0 0 0 rg BT 169.49 364.20 Td (company) Tj ET Q q 0 0 0 rg BT 201.04 364.20 Td (s ) Tj ET Q q 0 0 0 rg BT 206.15 364.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 226.81 364.20 Td (that ) Tj ET Q q 0 0 0 rg BT 240.81 364.20 Td (could ) Tj ET Q q 0 0 0 rg BT 260.58 364.20 Td (have ) Tj ET Q q 0 0 0 rg BT 277.68 364.20 Td (a ) Tj ET Q q 0 0 0 rg BT 283.23 364.20 Td (material ) Tj ET Q q 0 0 0 rg BT 311.44 364.20 Td (ef) Tj ET Q q 0 0 0 rg BT 317.51 364.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 331.50 364.20 Td (on ) Tj ET Q q 0 0 0 rg BT 341.50 364.20 Td (the ) Tj ET Q q 0 0 0 rg BT 353.27 364.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 383.26 364.20 Td (statements. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 346.60 Td (Because ) Tj ET Q q 0 0 0 rg BT 79.00 346.60 Td (of ) Tj ET Q q 0 0 0 rg BT 88.51 346.60 Td (its ) Tj ET Q q 0 0 0 rg BT 98.92 346.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 127.97 346.60 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 167.04 346.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 194.32 346.60 Td (control ) Tj ET Q q 0 0 0 rg BT 219.83 346.60 Td (over ) Tj ET Q q 0 0 0 rg BT 236.89 346.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 267.72 346.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 299.89 346.60 Td (may ) Tj ET Q q 0 0 0 rg BT 316.51 346.60 Td (not ) Tj ET Q q 0 0 0 rg BT 329.58 346.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 356.42 346.60 Td (or ) Tj ET Q q 0 0 0 rg BT 365.93 346.60 Td (detect ) Tj ET Q q 0 0 0 rg BT 387.87 346.60 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 437.42 346.60 Td (Also, ) Tj ET Q q 0 0 0 rg BT 457.38 346.60 Td (projections ) Tj ET Q q 0 0 0 rg BT 495.77 346.60 Td (of ) Tj ET Q q 0 0 0 rg BT 505.28 346.60 Td (any ) Tj ET Q q 0 0 0 rg BT 519.68 346.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 555.85 346.60 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 337.00 Td (ef) Tj ET Q q 0 0 0 rg BT 55.57 337.00 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 92.88 337.00 Td (to ) Tj ET Q q 0 0 0 rg BT 100.87 337.00 Td (future ) Tj ET Q q 0 0 0 rg BT 121.74 337.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 147.06 337.00 Td (are ) Tj ET Q q 0 0 0 rg BT 158.59 337.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 183.02 337.00 Td (to ) Tj ET Q q 0 0 0 rg BT 191.01 337.00 Td (the ) Tj ET Q q 0 0 0 rg BT 202.55 337.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 216.32 337.00 Td (that ) Tj ET Q q 0 0 0 rg BT 230.09 337.00 Td (controls ) Tj ET Q q 0 0 0 rg BT 257.63 337.00 Td (may ) Tj ET Q q 0 0 0 rg BT 273.17 337.00 Td (become ) Tj ET Q q 0 0 0 rg BT 299.82 337.00 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 336.23 337.00 Td (because ) Tj ET Q q 0 0 0 rg BT 363.32 337.00 Td (of ) Tj ET Q q 0 0 0 rg BT 371.75 337.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 399.28 337.00 Td (in ) Tj ET Q q 0 0 0 rg BT 407.28 337.00 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 444.38 337.00 Td (or ) Tj ET Q q 0 0 0 rg BT 452.81 337.00 Td (that ) Tj ET Q q 0 0 0 rg BT 466.57 337.00 Td (the ) Tj ET Q q 0 0 0 rg BT 478.12 337.00 Td (degree ) Tj ET Q q 0 0 0 rg BT 501.20 337.00 Td (of ) Tj ET Q q 0 0 0 rg BT 509.63 337.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 548.27 337.00 Td (with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 327.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 327.40 Td (policies ) Tj ET Q q 0 0 0 rg BT 88.16 327.40 Td (or ) Tj ET Q q 0 0 0 rg BT 96.82 327.40 Td (procedures ) Tj ET Q q 0 0 0 rg BT 133.91 327.40 Td (may ) Tj ET Q q 0 0 0 rg BT 149.69 327.40 Td (deteriorate. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 309.80 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 59.06 309.80 Td (Ernst ) Tj ET Q q 0 0 0 rg BT 77.95 309.80 Td (& ) Tj ET Q q 0 0 0 rg BT 85.87 309.80 Td (Y) Tj ET Q q 0 0 0 rg BT 90.85 309.80 Td (oung ) Tj ET Q q 0 0 0 rg BT 108.85 309.80 Td (LLP) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 292.20 Td (London, ) Tj ET Q q 0 0 0 rg BT 78.39 292.20 Td (United ) Tj ET Q q 0 0 0 rg BT 102.16 292.20 Td (Kingdom) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 274.60 Td (February ) Tj ET Q q 0 0 0 rg BT 80.38 274.60 Td (6, ) Tj ET Q q 0 0 0 rg BT 88.38 274.60 Td (2019) Tj ET Q endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (75) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (ITEM 9B. ) Tj ET Q q 0 0 0 rg BT 94.50 723.60 Td (OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 163.91 723.60 Td (TION) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (None.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 686.40 Td (P) Tj ET Q q 0 0 0 rg BT 53.79 686.40 Td (AR) Tj ET Q q 0 0 0 rg BT 65.07 686.40 Td (T) Tj ET Q q 0 0 0 rg BT 70.26 686.40 Td ( ) Tj ET Q q 0 0 0 rg BT 72.26 686.40 Td (III) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 664.80 Td (ITEM 10. ) Tj ET Q q 0 0 0 rg BT 94.50 664.80 Td (DIRECT) Tj ET Q q 0 0 0 rg BT 125.47 664.80 Td (ORS, EXECUTIVE OFFICERS ) Tj ET Q q 0 0 0 rg BT 237.50 664.80 Td (AND CORPORA) Tj ET Q q 0 0 0 rg BT 296.68 664.80 Td (TE GOVERNANCE) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 649.20 Td (The ) Tj ET Q q 0 0 0 rg BT 63.02 649.20 Td (information ) Tj ET Q q 0 0 0 rg BT 101.87 649.20 Td (required ) Tj ET Q q 0 0 0 rg BT 129.60 649.20 Td (by ) Tj ET Q q 0 0 0 rg BT 138.68 649.20 Td (Item ) Tj ET Q q 0 0 0 rg BT 154.42 649.20 Td (10 ) Tj ET Q q 0 0 0 rg BT 163.51 649.20 Td (is ) Tj ET Q q 0 0 0 rg BT 169.92 649.20 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 211.43 649.20 Td (herein ) Tj ET Q q 0 0 0 rg BT 232.50 649.20 Td (by ) Tj ET Q q 0 0 0 rg BT 241.58 649.20 Td (reference ) Tj ET Q q 0 0 0 rg BT 272.41 649.20 Td (to ) Tj ET Q q 0 0 0 rg BT 279.71 649.20 Td (the ) Tj ET Q q 0 0 0 rg BT 290.57 649.20 Td (sections ) Tj ET Q q 0 0 0 rg BT 317.42 649.20 Td (entitled ) Tj ET Q q 0 0 0 rg BT 342.49 649.20 Td (Election ) Tj ET Q q 0 0 0 rg BT 373.78 649.20 Td (of ) Tj ET Q q 0 0 0 rg BT 381.53 649.20 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 417.92 649.20 Td (Executive ) Tj ET Q q 0 0 0 rg BT 454.54 649.20 Td (Of) Tj ET Q q 0 0 0 rg BT 462.84 649.20 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 487.23 649.20 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 523.85 649.20 Td (Governance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 639.60 Td (and ) Tj ET Q q 0 0 0 rg BT 63.16 639.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 84.82 639.60 Td (of ) Tj ET Q q 0 0 0 rg BT 93.59 639.60 Td (Director ) Tj ET Q q 0 0 0 rg BT 122.36 639.60 Td (Matters ) Tj ET Q q 0 0 0 rg BT 152.45 639.60 Td (and ) Tj ET Q q 0 0 0 rg BT 166.11 639.60 Td (Section ) Tj ET Q q 0 0 0 rg BT 195.77 639.60 Td (16\(a\) ) Tj ET Q q 0 0 0 rg BT 214.76 639.60 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 249.74 639.60 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 286.95 639.60 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 321.06 639.60 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 365.38 639.60 Td (in ) Tj ET Q q 0 0 0 rg BT 373.71 639.60 Td (our ) Tj ET Q q 0 0 0 rg BT 386.48 639.60 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 407.70 639.60 Td (Statement ) Tj ET Q q 0 0 0 rg BT 441.80 639.60 Td (for ) Tj ET Q q 0 0 0 rg BT 453.24 639.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.13 639.60 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.13 639.60 Td ( ) Tj ET Q q 0 0 0 rg BT 482.77 639.60 Td (Annual ) Tj ET Q q 0 0 0 rg BT 508.43 639.60 Td (General ) Tj ET Q q 0 0 0 rg BT 535.85 639.60 Td (Meeting ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 630.00 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 630.00 Td (Shareholders.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 608.40 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 72.84 608.40 Td (1) Tj ET Q q 0 0 0 rg BT 76.39 608.40 Td (1. ) Tj ET Q q 0 0 0 rg BT 94.50 608.40 Td (EXECUTIVE ) Tj ET Q q 0 0 0 rg BT 144.07 608.40 Td (COMPENSA) Tj ET Q q 0 0 0 rg BT 189.25 608.40 Td (TION) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 592.80 Td (The ) Tj ET Q q 0 0 0 rg BT 63.24 592.80 Td (information ) Tj ET Q q 0 0 0 rg BT 102.30 592.80 Td (required ) Tj ET Q q 0 0 0 rg BT 130.25 592.80 Td (by ) Tj ET Q q 0 0 0 rg BT 139.55 592.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 155.51 592.80 Td (1) Tj ET Q q 0 0 0 rg BT 159.21 592.80 Td (1 ) Tj ET Q q 0 0 0 rg BT 164.51 592.80 Td (is ) Tj ET Q q 0 0 0 rg BT 171.14 592.80 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 212.87 592.80 Td (herein ) Tj ET Q q 0 0 0 rg BT 234.15 592.80 Td (by ) Tj ET Q q 0 0 0 rg BT 243.45 592.80 Td (reference ) Tj ET Q q 0 0 0 rg BT 274.50 592.80 Td (to ) Tj ET Q q 0 0 0 rg BT 282.02 592.80 Td (the ) Tj ET Q q 0 0 0 rg BT 293.09 592.80 Td (sections ) Tj ET Q q 0 0 0 rg BT 320.16 592.80 Td (entitled ) Tj ET Q q 0 0 0 rg BT 345.45 592.80 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 396.52 592.80 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 432.93 592.80 Td (and ) Tj ET Q q 0 0 0 rg BT 445.49 592.80 Td (Analysis, ) Tj ET Q q 0 0 0 rg BT 480.34 592.80 Td (Summary ) Tj ET Q q 0 0 0 rg BT 516.30 592.80 Td (Compensation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 583.20 Td (T) Tj ET Q q 0 0 0 rg BT 53.83 583.20 Td (able, ) Tj ET Q q 0 0 0 rg BT 75.26 583.20 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 127.59 583.20 Td (Committee ) Tj ET Q q 0 0 0 rg BT 165.69 583.20 Td (Report ) Tj ET Q q 0 0 0 rg BT 193.57 583.20 Td (and ) Tj ET Q q 0 0 0 rg BT 207.68 583.20 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 260.01 583.20 Td (Committee ) Tj ET Q q 0 0 0 rg BT 298.12 583.20 Td (Interlocks ) Tj ET Q q 0 0 0 rg BT 332.66 583.20 Td (and ) Tj ET Q q 0 0 0 rg BT 346.77 583.20 Td (Insider ) Tj ET Q q 0 0 0 rg BT 371.54 583.20 Td (Participation ) Tj ET Q q 0 0 0 rg BT 418.53 583.20 Td (in ) Tj ET Q q 0 0 0 rg BT 427.30 583.20 Td (our ) Tj ET Q q 0 0 0 rg BT 440.53 583.20 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 462.20 583.20 Td (Statement ) Tj ET Q q 0 0 0 rg BT 496.74 583.20 Td (for ) Tj ET Q q 0 0 0 rg BT 508.63 583.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.96 583.20 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.96 583.20 Td ( ) Tj ET Q q 0 0 0 rg BT 538.95 583.20 Td (Annual ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 573.60 Td (General ) Tj ET Q q 0 0 0 rg BT 76.82 573.60 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 105.48 573.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.14 573.60 Td (Shareholders.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 552.00 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 72.84 552.00 Td (12. ) Tj ET Q q 0 0 0 rg BT 94.50 552.00 Td (SECURITY) Tj ET Q q 0 0 0 rg BT 135.55 552.00 Td ( ) Tj ET Q q 0 0 0 rg BT 136.62 552.00 Td (OWNERSHIP) Tj ET Q q 0 0 0 rg BT 185.96 552.00 Td ( ) Tj ET Q q 0 0 0 rg BT 187.04 552.00 Td (OF) Tj ET Q q 0 0 0 rg BT 197.85 552.00 Td ( ) Tj ET Q q 0 0 0 rg BT 198.92 552.00 Td (CER) Tj ET Q q 0 0 0 rg BT 215.53 552.00 Td (T) Tj ET Q q 0 0 0 rg BT 220.27 552.00 Td (AIN ) Tj ET Q q 0 0 0 rg BT 236.01 552.00 Td (BENEFICIAL) Tj ET Q q 0 0 0 rg BT 285.36 552.00 Td ( ) Tj ET Q q 0 0 0 rg BT 286.43 552.00 Td (OWNERS ) Tj ET Q q 0 0 0 rg BT 322.83 552.00 Td (AND ) Tj ET Q q 0 0 0 rg BT 341.23 552.00 Td (MANAGEMENT) Tj ET Q q 0 0 0 rg BT 401.53 552.00 Td ( ) Tj ET Q q 0 0 0 rg BT 402.37 552.00 Td (AND ) Tj ET Q q 0 0 0 rg BT 420.77 552.00 Td (RELA) Tj ET Q q 0 0 0 rg BT 442.40 552.00 Td (TED ) Tj ET Q q 0 0 0 rg BT 459.92 552.00 Td (ST) Tj ET Q q 0 0 0 rg BT 469.57 552.00 Td (OCKHOLDER ) Tj ET Q q 0 0 0 rg BT 523.53 552.00 Td (MA) Tj ET Q q 0 0 0 rg BT 536.27 552.00 Td (TTERS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 536.40 Td (The ) Tj ET Q q 0 0 0 rg BT 64.17 536.40 Td (information ) Tj ET Q q 0 0 0 rg BT 104.18 536.40 Td (required ) Tj ET Q q 0 0 0 rg BT 133.07 536.40 Td (by ) Tj ET Q q 0 0 0 rg BT 143.30 536.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 160.20 536.40 Td (12 ) Tj ET Q q 0 0 0 rg BT 170.43 536.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 197.10 536.40 Td (to ) Tj ET Q q 0 0 0 rg BT 205.56 536.40 Td (the ) Tj ET Q q 0 0 0 rg BT 217.57 536.40 Td (security ) Tj ET Q q 0 0 0 rg BT 245.13 536.40 Td (ownership ) Tj ET Q q 0 0 0 rg BT 280.69 536.40 Td (of ) Tj ET Q q 0 0 0 rg BT 289.59 536.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 313.59 536.40 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 347.36 536.40 Td (owners ) Tj ET Q q 0 0 0 rg BT 372.70 536.40 Td (and ) Tj ET Q q 0 0 0 rg BT 386.48 536.40 Td (management ) Tj ET Q q 0 0 0 rg BT 429.59 536.40 Td (is ) Tj ET Q q 0 0 0 rg BT 437.16 536.40 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 479.82 536.40 Td (herein ) Tj ET Q q 0 0 0 rg BT 502.05 536.40 Td (by ) Tj ET Q q 0 0 0 rg BT 512.28 536.40 Td (reference ) Tj ET Q q 0 0 0 rg BT 544.26 536.40 Td (to ) Tj ET Q q 0 0 0 rg BT 552.72 536.40 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 526.80 Td (section ) Tj ET Q q 0 0 0 rg BT 73.48 526.80 Td (entitled ) Tj ET Q q 0 0 0 rg BT 98.79 526.80 Td (Security ) Tj ET Q q 0 0 0 rg BT 130.32 526.80 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 166.75 526.80 Td (of ) Tj ET Q q 0 0 0 rg BT 174.73 526.80 Td (Certain ) Tj ET Q q 0 0 0 rg BT 199.60 526.80 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 233.79 526.80 Td (Owners ) Tj ET Q q 0 0 0 rg BT 260.00 526.80 Td (and ) Tj ET Q q 0 0 0 rg BT 272.87 526.80 Td (Management" ) Tj ET Q q 0 0 0 rg BT 319.21 526.80 Td (in ) Tj ET Q q 0 0 0 rg BT 326.76 526.80 Td (our ) Tj ET Q q 0 0 0 rg BT 338.74 526.80 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 359.18 526.80 Td (Statement ) Tj ET Q q 0 0 0 rg BT 392.49 526.80 Td (for ) Tj ET Q q 0 0 0 rg BT 403.14 526.80 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.23 526.80 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.23 526.80 Td ( ) Tj ET Q q 0 0 0 rg BT 431.26 526.80 Td (Annual ) Tj ET Q q 0 0 0 rg BT 456.13 526.80 Td (General ) Tj ET Q q 0 0 0 rg BT 482.77 526.80 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 510.75 526.80 Td (of ) Tj ET Q q 0 0 0 rg BT 518.73 526.80 Td (Shareholders.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 511.20 Td (Equity ) Tj ET Q q 0 0 0 rg BT 74.62 511.20 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 125.96 511.20 Td (Plan ) Tj ET Q q 0 0 0 rg BT 143.52 511.20 Td (Information) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 495.60 Td (The ) Tj ET Q q 0 0 0 rg BT 63.55 495.60 Td (following ) Tj ET Q q 0 0 0 rg BT 96.27 495.60 Td (table ) Tj ET Q q 0 0 0 rg BT 113.43 495.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 142.59 495.60 Td (information ) Tj ET Q q 0 0 0 rg BT 181.98 495.60 Td (as ) Tj ET Q q 0 0 0 rg BT 190.25 495.60 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.53 495.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 245.01 495.60 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.01 495.60 Td ( ) Tj ET Q q 0 0 0 rg BT 262.62 495.60 Td (about ) Tj ET Q q 0 0 0 rg BT 282.01 495.60 Td (common ) Tj ET Q q 0 0 0 rg BT 311.61 495.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 330.11 495.60 Td (that ) Tj ET Q q 0 0 0 rg BT 343.72 495.60 Td (may ) Tj ET Q q 0 0 0 rg BT 359.11 495.60 Td (be ) Tj ET Q q 0 0 0 rg BT 368.27 495.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 389.88 495.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 407.50 495.60 Td (the ) Tj ET Q q 0 0 0 rg BT 418.88 495.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 446.70 495.60 Td (of ) Tj ET Q q 0 0 0 rg BT 454.97 495.60 Td (options, ) Tj ET Q q 0 0 0 rg BT 482.14 495.60 Td (warrants ) Tj ET Q q 0 0 0 rg BT 511.30 495.60 Td (and ) Tj ET Q q 0 0 0 rg BT 524.46 495.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 544.30 495.60 Td (under ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 486.00 Td (all ) Tj ET Q q 0 0 0 rg BT 59.50 486.00 Td (of ) Tj ET Q q 0 0 0 rg BT 68.16 486.00 Td (our ) Tj ET Q q 0 0 0 rg BT 80.82 486.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 108.16 486.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 130.15 486.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 176.59 486.00 Td (plans.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 380.50 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 380.50 117.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 380.50 15.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 380.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 380.50 15.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 380.50 121.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 354.50 134.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 354.50 117.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 354.50 15.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 354.50 111.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 354.50 15.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 354.50 121.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 459.5 m 183 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183 459.5 m 300 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300 459.5 m 315 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 459.5 m 426 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 459.5 m 441 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 459.5 m 562 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183 446.5 m 300 446.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 446.5 m 426 446.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 446.5 m 562 446.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 401.5 m 183 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183 401.5 m 300 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 401.5 m 426 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 401.5 m 562 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183 333.5 m 300 333.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183 321.5 m 300 321.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183 319.5 m 300 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 333.5 m 562 333.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 321.5 m 562 321.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 319.5 m 562 319.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.00 463.75 Td (Equity Compensation Plan Information) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.55 450.75 Td (\(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.30 450.75 Td (\(b\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.55 450.75 Td (\(c\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 92.70 405.75 Td (Plan Category) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.55 421.75 Td (Number of securities to be issued) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.90 413.75 Td (upon exercise of outstanding) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 196.55 405.75 Td (options, warrants and rights) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.20 421.75 Td (W) Tj ET Q q 0 0 0 rg BT 325.43 421.75 Td (eighted average exercise price) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.45 413.75 Td (of outstanding options, warrants) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.10 405.75 Td (and rights) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.20 437.75 Td (Number of securities remaining) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.65 429.75 Td (available for future issuance under) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 421.75 Td (equity compensation plans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.65 413.75 Td (\(excluding securities reflected in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.20 405.75 Td (column \(a\)\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 392.73 Td (Equity compensation plans appr) Tj ET Q q 0 0 0 rg BT 162.35 392.73 Td (oved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 384.73 Td (by security holders:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 371.75 Td (Stock options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.15 371.75 Td (2,01) Tj ET Q q 0 0 0 rg BT 242.15 371.75 Td (1,392) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 371.75 Td ($2.32) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 497.95 375.86 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 358.75 Td (Restricted stock units) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.15 358.75 Td (2,497,927) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.10 358.75 Td (n/a) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 497.95 362.86 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 345.75 Td (Equity compensation plans not) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 337.75 Td (approved by security holders) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.15 337.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.00 337.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.00 337.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 324.73 Td (T) Tj ET Q q 0 0 0 rg BT 56.10 324.73 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.15 324.73 Td (4,509,319) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.00 324.73 Td ($2.32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.00 324.73 Td (1,168,415) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 312.02 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 308.40 Td (There ) Tj ET Q q 0 0 0 rg BT 88.36 308.40 Td (were ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.10 308.40 Td (1,168,415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 138.10 308.40 Td ( ) Tj ET Q q 0 0 0 rg BT 140.30 308.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 162.50 308.40 Td (available ) Tj ET Q q 0 0 0 rg BT 193.57 308.40 Td (for ) Tj ET Q q 0 0 0 rg BT 205.11 308.40 Td (issuance ) Tj ET Q q 0 0 0 rg BT 234.41 308.40 Td (under ) Tj ET Q q 0 0 0 rg BT 254.83 308.40 Td (CME) Tj ET Q q 0 0 0 rg BT 274.39 308.40 Td (s ) Tj ET Q q 0 0 0 rg BT 279.70 308.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 297.91 308.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 318.33 308.40 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 350.30 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Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 277.20 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 72.84 277.20 Td (13. ) Tj ET Q q 0 0 0 rg BT 94.50 277.20 Td (CER) Tj ET Q q 0 0 0 rg BT 111.11 277.20 Td (T) Tj ET Q q 0 0 0 rg BT 115.85 277.20 Td (AIN ) Tj ET Q q 0 0 0 rg BT 132.52 277.20 Td (RELA) Tj ET Q q 0 0 0 rg BT 154.15 277.20 Td (TIONSHIPS ) Tj ET Q q 0 0 0 rg BT 199.28 277.20 Td (AND ) Tj ET Q q 0 0 0 rg BT 218.61 277.20 Td (RELA) Tj ET Q q 0 0 0 rg BT 240.25 277.20 Td (TED ) Tj ET Q q 0 0 0 rg BT 258.55 277.20 Td (TRANSACTIONS, ) Tj ET Q q 0 0 0 rg BT 325.68 277.20 Td (AND ) Tj ET Q q 0 0 0 rg BT 345.01 277.20 Td (DIRECT) Tj ET Q q 0 0 0 rg BT 375.98 277.20 Td (OR ) Tj ET Q q 0 0 0 rg BT 389.98 277.20 Td (INDEPENDENCE) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 261.60 Td (The ) Tj ET Q q 0 0 0 rg BT 64.66 261.60 Td (information ) Tj ET Q q 0 0 0 rg BT 105.15 261.60 Td (required ) Tj ET Q q 0 0 0 rg BT 134.53 261.60 Td (by ) Tj ET Q q 0 0 0 rg BT 145.25 261.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 162.64 261.60 Td (13 ) Tj ET Q q 0 0 0 rg BT 173.36 261.60 Td (is ) Tj ET Q q 0 0 0 rg BT 181.42 261.60 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 224.57 261.60 Td (herein ) Tj ET Q q 0 0 0 rg BT 247.28 261.60 Td (by ) Tj ET Q q 0 0 0 rg BT 258.01 261.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 290.48 261.60 Td (to ) Tj ET Q q 0 0 0 rg BT 299.42 261.60 Td (the ) Tj ET Q q 0 0 0 rg BT 311.92 261.60 Td (sections ) Tj ET Q q 0 0 0 rg BT 340.42 261.60 Td (entitled ) Tj ET Q q 0 0 0 rg BT 367.13 261.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 396.95 261.60 Td (Relationships ) Tj ET Q q 0 0 0 rg BT 443.23 261.60 Td (and ) Tj ET Q q 0 0 0 rg BT 457.51 261.60 Td (Related ) Tj ET Q q 0 0 0 rg BT 484.66 261.60 Td (Party ) Tj ET Q q 0 0 0 rg BT 504.08 261.60 Td (T) Tj ET Q q 0 0 0 rg BT 508.68 261.60 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 550.94 261.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 252.00 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 87.04 252.00 Td (Governance ) Tj ET Q q 0 0 0 rg BT 127.68 252.00 Td (and ) Tj ET Q q 0 0 0 rg BT 141.23 252.00 Td (Board ) Tj ET Q q 0 0 0 rg BT 162.79 252.00 Td (of ) Tj ET Q q 0 0 0 rg BT 171.45 252.00 Td (Director ) Tj ET Q q 0 0 0 rg BT 200.10 252.00 Td (Matters ) Tj ET Q q 0 0 0 rg BT 230.09 252.00 Td (in ) Tj ET Q q 0 0 0 rg BT 238.31 252.00 Td (our ) Tj ET Q q 0 0 0 rg BT 250.98 252.00 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 272.09 252.00 Td (Statement ) Tj ET Q q 0 0 0 rg BT 306.08 252.00 Td (for ) Tj ET Q q 0 0 0 rg BT 317.41 252.00 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.18 252.00 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.18 252.00 Td ( ) Tj ET Q q 0 0 0 rg BT 346.74 252.00 Td (Annual ) Tj ET Q q 0 0 0 rg BT 372.29 252.00 Td (General ) Tj ET Q q 0 0 0 rg BT 399.61 252.00 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 428.27 252.00 Td (of ) Tj ET Q q 0 0 0 rg BT 436.93 252.00 Td (Shareholders.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 230.40 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 72.84 230.40 Td (14. ) Tj ET Q q 0 0 0 rg BT 94.50 230.40 Td (PRINCIP) Tj ET Q q 0 0 0 rg BT 127.24 230.40 Td (AL) Tj ET Q q 0 0 0 rg BT 137.91 230.40 Td ( ) Tj ET Q q 0 0 0 rg BT 139.47 230.40 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 179.32 230.40 Td (ANT) Tj ET Q q 0 0 0 rg BT 196.07 230.40 Td ( ) Tj ET Q q 0 0 0 rg BT 198.07 230.40 Td (FEES ) Tj ET Q q 0 0 0 rg BT 219.63 230.40 Td (AND ) Tj ET Q q 0 0 0 rg BT 238.96 230.40 Td (SER) Tj ET Q q 0 0 0 rg BT 254.25 230.40 Td (VICES) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 214.80 Td (The ) Tj ET Q q 0 0 0 rg BT 63.61 214.80 Td (information ) Tj ET Q q 0 0 0 rg BT 103.06 214.80 Td (required ) Tj ET Q q 0 0 0 rg BT 131.39 214.80 Td (by ) Tj ET Q q 0 0 0 rg BT 141.06 214.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 157.40 214.80 Td (14 ) Tj ET Q q 0 0 0 rg BT 167.07 214.80 Td (is ) Tj ET Q q 0 0 0 rg BT 174.09 214.80 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 216.19 214.80 Td (herein ) Tj ET Q q 0 0 0 rg BT 237.85 214.80 Td (by ) Tj ET Q q 0 0 0 rg BT 247.53 214.80 Td (reference ) Tj ET Q q 0 0 0 rg BT 278.95 214.80 Td (to ) Tj ET Q q 0 0 0 rg BT 286.85 214.80 Td (the ) Tj ET Q q 0 0 0 rg BT 298.30 214.80 Td (section ) Tj ET Q q 0 0 0 rg BT 322.63 214.80 Td (entitled ) Tj ET Q q 0 0 0 rg BT 348.30 214.80 Td (Selection ) Tj ET Q q 0 0 0 rg BT 383.30 214.80 Td (of ) Tj ET Q q 0 0 0 rg BT 391.27 214.80 Td (Auditors ) Tj ET Q q 0 0 0 rg BT 424.49 214.80 Td (in ) Tj ET Q q 0 0 0 rg BT 432.39 214.80 Td (our ) Tj ET Q q 0 0 0 rg BT 444.73 214.80 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 465.52 214.80 Td (Statement ) Tj ET Q q 0 0 0 rg BT 499.19 214.80 Td (for ) Tj ET Q q 0 0 0 rg BT 510.19 214.80 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.64 214.80 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.64 214.80 Td ( ) Tj ET Q q 0 0 0 rg BT 538.95 214.80 Td (Annual ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 205.20 Td (General ) Tj ET Q q 0 0 0 rg BT 76.82 205.20 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 105.48 205.20 Td (of ) Tj ET Q q 0 0 0 rg BT 114.14 205.20 Td (Shareholders.) Tj ET Q endstream endobj 159 0 obj <>] /Rotate 0 /Contents 160 0 R>> endobj 160 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (76) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (P) Tj ET Q q 0 0 0 rg BT 53.79 723.60 Td (AR) Tj ET Q q 0 0 0 rg BT 65.07 723.60 Td (T) Tj ET Q q 0 0 0 rg BT 70.26 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 72.26 723.60 Td (IV) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 702.00 Td (ITEM 15. ) Tj ET Q q 0 0 0 rg BT 94.50 702.00 Td (EXHIBITS ) Tj ET Q q 0 0 0 rg BT 134.74 702.00 Td (AND FINANCIAL) Tj ET Q q 0 0 0 rg BT 198.97 702.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 210.16 702.00 Td (A) Tj ET Q q 0 0 0 rg BT 215.34 702.00 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 249.87 702.00 Td ( SCHEDULES) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 686.40 Td (\(a\)\(1\) ) Tj ET Q q 0 0 0 rg BT 69.56 686.40 Td (The following financial statements of Central European Media Enterprises Ltd. are included in Part II, Item 8 of this Report:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 670.80 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 670.80 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 217.69 670.80 Td (Accounting Firm;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 655.20 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 655.20 Td (Consolidated Balance Sheets as of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.70 655.20 Td (December31, 2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.56 655.20 Td ( and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 276.11 655.20 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.11 655.20 Td (;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 639.60 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 639.60 Td (Consolidated Statements of Operations and Comprehensive Income / Loss for the years ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.76 639.60 Td (December31, 2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.63 639.60 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.63 639.60 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.63 639.60 Td ( and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.18 639.60 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.18 639.60 Td (;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 624.00 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 624.00 Td (Consolidated Statements of Equity for the years ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.90 624.00 Td (December31, 2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.77 624.00 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.77 624.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.77 624.00 Td ( and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.32 624.00 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.32 624.00 Td (;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 608.40 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 608.40 Td (Consolidated Statements of Cash Flows for the years ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.13 608.40 Td (December31, 2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.00 608.40 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 608.40 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 608.40 Td ( and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.55 608.40 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.55 608.40 Td (; and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 592.80 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 592.80 Td (Notes to Consolidated Financial Statements.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 577.20 Td (\(a\)\(2\) Financial Statement Schedule \(included at page S-1 of this ) Tj ET Q q 0 0 0 rg BT 258.77 577.20 Td (Annual Report on Form 10-K\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 561.60 Td (\(a\)\(3\) ) Tj ET Q q 0 0 0 rg BT 69.56 561.60 Td (The following exhibits are included in this report:) Tj ET Q endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (77) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (EXHIBIT) Tj ET Q q 0 0 0 rg BT 83.59 723.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.59 723.60 Td (INDEX) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 689.10 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 689.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 689.10 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 379.10 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 379.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 379.10 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 348.10 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 348.10 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 348.10 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 309.10 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 309.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 309.10 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 278.10 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 278.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 278.10 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 247.10 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 247.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 247.10 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 216.10 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 216.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 216.10 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 185.10 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 185.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 185.10 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 154.10 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 154.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 154.10 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 123.10 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 123.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 123.10 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 92.10 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 92.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 92.10 458.00 -21.00 re f /GS0 gs BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 52.5 700.28671875 m 76.0546875 700.28671875 l s q 0 0 0 rg BT 52.50 701.35 Td (Exhibit) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 52.5 692.28671875 m 78.71484375 692.28671875 l s q 0 0 0 rg BT 52.50 693.35 Td (Number) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 692.28671875 m 143.82421875 692.28671875 l s q 0 0 0 rg BT 106.50 693.35 Td (Description) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 681.05 Td (3.01*) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 681.05 Td (Memorandum of ) Tj ET Q q 0 0 0 rg BT 162.27 681.05 Td (Association \(incorporated by reference to Exhibit 3.01 to the Company's Registration Statement No. 3380344 on Form S-1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 673.05 Td (filed June 17, 1994\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 650.05 Td (3.02*) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 650.05 Td (Memorandum of Increase of Share Capital \(incorporated by reference Exhibit 3.03 to ) Tj ET Q q 0 0 0 rg BT 381.51 650.05 Td (Amendment No. 1 to the Company's Registration) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 642.05 Td (Statement No. 33-80344 on Form S-1, filed ) Tj ET Q q 0 0 0 rg BT 247.82 642.05 Td (August 19, 1994\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 619.05 Td (3.03*) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 619.05 Td (Memorandum of Reduction of Share Capital \(incorporated by reference to Exhibit 3.04 to ) Tj ET Q q 0 0 0 rg BT 395.97 619.05 Td (Amendment No. 2 to the Company's Registration) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 611.05 Td (Statement No. 33-80344 on Form S-1, filed September 14, 1994\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 588.05 Td (3.04*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 586.98671875 m 557.02734375 586.98671875 l s q 0 0 1 rg BT 106.50 588.05 Td (Certificate of Deposit of Memorandum of Increase of Share Capital executed by the Registrar of Companies on May 20, 1997 \(incorporated ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 578.98671875 m 522.27734375 578.98671875 l s q 0 0 1 rg BT 106.50 580.05 Td (by reference to Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 1997\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 557.05 Td (3.05*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 555.98671875 m 555.40234375 555.98671875 l s q 0 0 1 rg BT 106.50 557.05 Td (Certificate of Deposit of Memorandum of Increase of Share Capital executed by the Registrar of Companies on July 1) Tj ET Q q 0 0 1 rg BT 484.31 557.05 Td (1, 2012 \(incorporated ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 547.98671875 m 499.16796875 547.98671875 l s q 0 0 1 rg BT 106.50 549.05 Td (by reference to Exhibit 3.05 to the Company's ) Tj ET Q q 0 0 1 rg BT 255.24 549.05 Td (Annual Report on Form 10-K for the fiscal year ended December 31, 2012\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 526.05 Td (3.06*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 524.98671875 m 551.69921875 524.98671875 l s q 0 0 1 rg BT 106.50 526.05 Td (Certificate of Deposit of Memorandum of Increase of Share Capital executed by the Registrar of Companies on July 3, 2013 \(incorporated ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 516.98671875 m 506.73046875 516.98671875 l s q 0 0 1 rg BT 106.50 518.05 Td (by reference to Exhibit 3.02 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2013\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 495.05 Td (3.07*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 493.98671875 m 558.80859375 493.98671875 l s q 0 0 1 rg BT 106.50 495.05 Td (Certificate of Deposit of Memorandum of Increase of Share Capital executed by the Registrar of Companies on ) Tj ET Q q 0 0 1 rg BT 464.83 495.05 Td (April 28, 2014 \(incorporated ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 485.98671875 m 512.9453125 485.98671875 l s q 0 0 1 rg BT 106.50 487.05 Td (by reference to Exhibit 3.02 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2014\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 464.05 Td (3.08*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 462.98671875 m 544.80078125 462.98671875 l s q 0 0 1 rg BT 106.50 464.05 Td (Bye-Laws of Central European Media Enterprises Ltd., as amended and restated on ) Tj ET Q q 0 0 1 rg BT 375.30 464.05 Td (April 14, 2014 \(incorporated by reference to Exhibit ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 454.98671875 m 437.421875 454.98671875 l s q 0 0 1 rg BT 106.50 456.05 Td (3.01 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2014\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 433.05 Td (4.01*) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 433.05 Td (Specimen Class ) Tj ET Q q 0 0 0 rg BT 159.16 433.05 Td (A) Tj ET Q q 0 0 0 rg BT 164.50 433.05 Td ( Common Stock Certificate \(incorporated by reference to Exhibit 4.01 to ) Tj ET Q q 0 0 0 rg BT 398.65 433.05 Td (Amendment No. 1 to the Company's Registration) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 425.05 Td (Statement No. 33-80344 on Form S-1, filed ) Tj ET Q q 0 0 0 rg BT 247.82 425.05 Td (August 19, 1994\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 402.05 Td (4.02*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 400.98671875 m 556.34765625 400.98671875 l s q 0 0 1 rg BT 106.50 402.05 Td (W) Tj ET Q q 0 0 1 rg BT 113.41 402.05 Td (arrant ) Tj ET Q q 0 0 1 rg BT 133.62 402.05 Td (Agreement, dated May 2, 2014, between Central European Media Enterprises Ltd. and ) Tj ET Q q 0 0 1 rg BT 412.64 402.05 Td (American Stock ) Tj ET Q q 0 0 1 rg BT 466.26 402.05 Td (T) Tj ET Q q 0 0 1 rg BT 470.87 402.05 Td (ransfer & ) Tj ET Q q 0 0 1 rg BT 503.15 402.05 Td (T) Tj ET Q q 0 0 1 rg BT 507.76 402.05 Td (rust Company) Tj ET Q q 0 0 1 rg BT 552.35 402.05 Td (, ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 392.98671875 m 533.16015625 392.98671875 l s q 0 0 1 rg BT 106.50 394.05 Td (LLC \(as ) Tj ET Q q 0 0 1 rg BT 134.79 394.05 Td (W) Tj ET Q q 0 0 1 rg BT 141.70 394.05 Td (arrant ) Tj ET Q q 0 0 1 rg BT 161.91 394.05 Td (Agent\) \(incorporated by reference to Exhibit 4.1 to the Company) Tj ET Q q 0 0 1 rg BT 372.07 394.05 Td (s Current Report on Form 8-K filed May 5, 2014\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 371.05 Td (4.03*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 369.98671875 m 544.03515625 369.98671875 l s q 0 0 1 rg BT 106.50 371.05 Td (Private Unit ) Tj ET Q q 0 0 1 rg BT 147.24 371.05 Td (W) Tj ET Q q 0 0 1 rg BT 154.15 371.05 Td (arrant ) Tj ET Q q 0 0 1 rg BT 174.36 371.05 Td (Agreement, dated May 2, 2014, between Central European Media Enterprises Ltd. and ) Tj ET Q q 0 0 1 rg BT 453.38 371.05 Td (American Stock ) Tj ET Q q 0 0 1 rg BT 507.00 371.05 Td (T) Tj ET Q q 0 0 1 rg BT 511.61 371.05 Td (ransfer & ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 361.98671875 m 537.8359375 361.98671875 l s q 0 0 1 rg BT 106.50 363.05 Td (T) Tj ET Q q 0 0 1 rg BT 111.11 363.05 Td (rust Company) Tj ET Q q 0 0 1 rg BT 155.70 363.05 Td (, LLC \(incorporated by reference to Exhibit 10.1 to the Company) Tj ET Q q 0 0 1 rg BT 366.75 363.05 Td (s Current Report on Form 8-K filed on May 5, 2014\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 340.05 Td (4.04*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 338.98671875 m 542.71875 338.98671875 l s q 0 0 1 rg BT 106.50 340.05 Td (Initial ) Tj ET Q q 0 0 1 rg BT 127.46 340.05 Td (W) Tj ET Q q 0 0 1 rg BT 134.37 340.05 Td (arrant ) Tj ET Q q 0 0 1 rg BT 154.58 340.05 Td (Agreement, dated May 2, 2014, between Central European Media Enterprises Ltd. and ) Tj ET Q q 0 0 1 rg BT 433.61 340.05 Td (American Stock ) Tj ET Q q 0 0 1 rg BT 487.22 340.05 Td (T) Tj ET Q q 0 0 1 rg BT 491.83 340.05 Td (ransfer & ) Tj ET Q q 0 0 1 rg BT 524.11 340.05 Td (T) Tj ET Q q 0 0 1 rg BT 528.72 340.05 Td (rust ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 330.98671875 m 553.0859375 330.98671875 l s q 0 0 1 rg BT 106.50 332.05 Td (Company) Tj ET Q q 0 0 1 rg BT 137.09 332.05 Td (, LLC \(as ) Tj ET Q q 0 0 1 rg BT 169.38 332.05 Td (W) Tj ET Q q 0 0 1 rg BT 176.29 332.05 Td (arrant ) Tj ET Q q 0 0 1 rg BT 196.50 332.05 Td (Agent\) \(incorporated by reference to Exhibit 10.2 to the Company) Tj ET Q q 0 0 1 rg BT 410.66 332.05 Td (s Current Report on Form 8-K filed on May ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 322.98671875 m 135.1640625 322.98671875 l s q 0 0 1 rg BT 106.50 324.05 Td (5, 2014\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 301.05 Td (4.05*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 299.98671875 m 556.3671875 299.98671875 l s q 0 0 1 rg BT 106.50 301.05 Td (Form of ) Tj ET Q q 0 0 1 rg BT 134.36 301.05 Td (W) Tj ET Q q 0 0 1 rg BT 141.27 301.05 Td (arrant for Unit ) Tj ET Q q 0 0 1 rg BT 189.32 301.05 Td (W) Tj ET Q q 0 0 1 rg BT 196.23 301.05 Td (arrants \(incorporated by reference to Exhibit 4.3 to the Company) Tj ET Q q 0 0 1 rg BT 405.94 301.05 Td (s Current Report on Form 8-K filed on May 5, ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 291.98671875 m 127.1640625 291.98671875 l s q 0 0 1 rg BT 106.50 293.05 Td (2014\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 270.05 Td (4.06*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 268.98671875 m 548.80078125 268.98671875 l s q 0 0 1 rg BT 106.50 270.05 Td (Registration Rights ) Tj ET Q q 0 0 1 rg BT 170.06 270.05 Td (Agreement between the Company and ) Tj ET Q q 0 0 1 rg BT 294.54 270.05 Td (T) Tj ET Q q 0 0 1 rg BT 299.14 270.05 Td (ime ) Tj ET Q q 0 0 1 rg BT 313.00 270.05 Td (W) Tj ET Q q 0 0 1 rg BT 319.91 270.05 Td (arner Holdings B.V) Tj ET Q q 0 0 1 rg BT 381.75 270.05 Td (., dated May 18, 2009 \(incorporated by reference to ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 260.98671875 m 448.90234375 260.98671875 l s q 0 0 1 rg BT 106.50 262.05 Td (Exhibit 4.1) Tj ET Q q 0 0 1 rg BT 141.76 262.05 Td (1 to the Company's ) Tj ET Q q 0 0 1 rg BT 204.98 262.05 Td (Annual Report on Form 10-K for the fiscal year ended December 31, 2009\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 239.05 Td (4.07*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 237.98671875000002 m 552.67578125 237.98671875000002 l s q 0 0 1 rg BT 106.50 239.05 Td (Registration Rights ) Tj ET Q q 0 0 1 rg BT 170.06 239.05 Td (Agreement, by and among Ronald S. Lauder) Tj ET Q q 0 0 1 rg BT 312.81 239.05 Td (, RSL) Tj ET Q q 0 0 1 rg BT 331.19 239.05 Td ( Capital LLC and Central European Media Enterprises Ltd., dated as ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 229.98671875000002 m 525.640625 229.98671875000002 l s q 0 0 1 rg BT 106.50 231.05 Td (of ) Tj ET Q q 0 0 1 rg BT 114.72 231.05 Td (April 30, 2012 \(incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on ) Tj ET Q q 0 0 1 rg BT 474.09 231.05 Td (April 30, 2012\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 208.05 Td (4.08*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 206.98671875000002 m 537.2734375 206.98671875000002 l s q 0 0 1 rg BT 106.50 208.05 Td (Certificate of Designation of the Series ) Tj ET Q q 0 0 1 rg BT 233.13 208.05 Td (A) Tj ET Q q 0 0 1 rg BT 238.46 208.05 Td ( Convertible Preferred Stock of Central European Media Enterprises Ltd., dated July 2, 2012 ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 198.98671875000002 m 461.421875 198.98671875000002 l s q 0 0 1 rg BT 106.50 200.05 Td (\(incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on July 3, 2012\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 177.05 Td (4.09*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 175.98671875000002 m 550.58984375 175.98671875000002 l s q 0 0 1 rg BT 106.50 177.05 Td (Certificate of Designation of the Series B Convertible Redeemable Preferred Stock of Central European Media Enterprises Ltd., issued on ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 167.98671875000002 m 513.4140625 167.98671875000002 l s q 0 0 1 rg BT 106.50 169.05 Td (June 25, 2013 \(incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on June 25, 2013\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 146.05 Td (10.01*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 144.98671875000002 m 537.4921875 144.98671875000002 l s q 0 0 1 rg BT 106.50 146.05 Td (Central European Media Enterprises Ltd. ) Tj ET Q q 0 0 1 rg BT 239.79 146.05 Td (Amended and Restated Stock Incentive Plan, as amended on June 13, 2012 \(incorporated by ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 136.98671875000002 m 496.73046875 136.98671875000002 l s q 0 0 1 rg BT 106.50 138.05 Td (reference to Exhibit 10.7 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2012\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 115.05 Td (10.02*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 113.98671875000002 m 558.1484375 113.98671875000002 l s q 0 0 1 rg BT 106.50 115.05 Td (Central European Media Enterprises Ltd. 2015 Stock Incentive Plan \(incorporated by reference to Exhibit 10.01 to the Company) Tj ET Q q 0 0 1 rg BT 520.38 115.05 Td (s Quarterly ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 105.98671875000002 m 324.89453125 105.98671875000002 l s q 0 0 1 rg BT 106.50 107.05 Td (Report on Form 10-Q for the quarterly period ended June 30, 2015\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 84.05 Td (10.03*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 82.98671875000002 m 530.87890625 82.98671875000002 l s q 0 0 1 rg BT 106.50 84.05 Td (Form of Restricted Stock Unit ) Tj ET Q q 0 0 1 rg BT 204.94 84.05 Td (A) Tj ET Q q 0 0 1 rg BT 209.98 84.05 Td (ward ) Tj ET Q q 0 0 1 rg BT 227.53 84.05 Td (Agreement \(time-based vesting\) \(incorporated by reference to Exhibit 10.01 to the Company's ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 74.98671875000002 m 357.546875 74.98671875000002 l s q 0 0 1 rg BT 106.50 76.05 Td (Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2014\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 163 0 obj <>] /Rotate 0 /Contents 164 0 R>> endobj 164 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (78) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 52.5 718.68671875 m 76.0546875 718.68671875 l s q 0 0 0 rg BT 52.50 719.75 Td (Exhibit) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 52.5 710.68671875 m 78.71484375 710.68671875 l s q 0 0 0 rg BT 52.50 711.75 Td (Number) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 710.68671875 m 143.82421875 710.68671875 l s q 0 0 0 rg BT 106.50 711.75 Td (Description) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 707.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 707.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 707.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 676.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 676.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 676.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 645.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 645.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 645.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 614.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 614.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 614.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 583.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 583.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 583.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 552.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 552.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 552.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 521.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 521.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 521.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 482.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 482.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 482.50 458.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 459.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 459.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 459.50 458.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 436.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 436.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 436.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 405.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 405.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 405.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 374.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 374.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 374.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 335.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 335.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 335.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 304.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 304.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 304.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 265.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 265.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 265.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 234.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 234.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 234.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 195.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 195.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 195.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 156.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 156.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 156.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 117.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 117.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 117.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 86.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 86.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 86.50 458.00 -29.00 re f /GS0 gs BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 699.45 Td (10.04*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 698.38671875 m 541.61328125 698.38671875 l s q 0 0 1 rg BT 106.50 699.45 Td (Form of Restricted Stock Unit ) Tj ET Q q 0 0 1 rg BT 204.94 699.45 Td (A) Tj ET Q q 0 0 1 rg BT 209.98 699.45 Td (ward ) Tj ET Q q 0 0 1 rg BT 227.53 699.45 Td (Agreement \(performance-based vesting\) \(for use from March 2015\) \(incorporated by reference to ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 690.38671875 m 467.7578125 690.38671875 l s q 0 0 1 rg BT 106.50 691.45 Td (Exhibit 10.10 to the Company) Tj ET Q q 0 0 1 rg BT 205.38 691.45 Td (s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2016\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 668.45 Td (10.05*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 667.38671875 m 552.6796875 667.38671875 l s q 0 0 1 rg BT 106.50 668.45 Td (Form of Restricted Stock Unit ) Tj ET Q q 0 0 1 rg BT 204.94 668.45 Td (A) Tj ET Q q 0 0 1 rg BT 209.98 668.45 Td (ward ) Tj ET Q q 0 0 1 rg BT 227.53 668.45 Td (Agreement \(Directors) Tj ET Q q 0 0 1 rg BT 299.57 668.45 Td ( ) Tj ET Q q 0 0 1 rg BT 301.43 668.45 Td (V) Tj ET Q q 0 0 1 rg BT 306.32 668.45 Td (ersion\) \(for use from June 2015\) \(incorporated by reference to Exhibit 10.02 ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 659.38671875 m 415.98828125 659.38671875 l s q 0 0 1 rg BT 106.50 660.45 Td (to the Company) Tj ET Q q 0 0 1 rg BT 159.83 660.45 Td (s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2015\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 637.45 Td (10.06*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 636.38671875 m 541.2734375 636.38671875 l s q 0 0 1 rg BT 106.50 637.45 Td (Form of Employee Non-Qualified Stock Option ) Tj ET Q q 0 0 1 rg BT 261.59 637.45 Td (Agreement \(for use from June 2015\) \(incorporated by reference to Exhibit 10.03 to the ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 628.38671875 m 395.9921875 628.38671875 l s q 0 0 1 rg BT 106.50 629.45 Td (Company) Tj ET Q q 0 0 1 rg BT 139.83 629.45 Td (s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2015\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 606.45 Td (10.07*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 605.38671875 m 540.96875 605.38671875 l s q 0 0 1 rg BT 106.50 606.45 Td (Form of Restricted Stock Unit ) Tj ET Q q 0 0 1 rg BT 204.94 606.45 Td (A) Tj ET Q q 0 0 1 rg BT 209.98 606.45 Td (ward ) Tj ET Q q 0 0 1 rg BT 227.53 606.45 Td (Agreement \(time-based vesting\) \(for use from March 2015\) \(incorporated by reference to Exhibit ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 597.38671875 m 435.98828125 597.38671875 l s q 0 0 1 rg BT 106.50 598.45 Td (10.04 to the Company) Tj ET Q q 0 0 1 rg BT 179.83 598.45 Td (s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2015\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 575.45 Td (10.08*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 574.38671875 m 551.63671875 574.38671875 l s q 0 0 1 rg BT 106.50 575.45 Td (Form of Restricted Stock Unit ) Tj ET Q q 0 0 1 rg BT 204.94 575.45 Td (A) Tj ET Q q 0 0 1 rg BT 209.98 575.45 Td (ward ) Tj ET Q q 0 0 1 rg BT 227.53 575.45 Td (Agreement \(time-based vesting\) \(2015 Plan, for use from March 2016\) \(incorporated by reference to ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 566.38671875 m 467.4609375 566.38671875 l s q 0 0 1 rg BT 106.50 567.45 Td (Exhibit 10.1) Tj ET Q q 0 0 1 rg BT 145.76 567.45 Td (1 to the Company) Tj ET Q q 0 0 1 rg BT 205.09 567.45 Td (s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2016\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 544.45 Td (10.09*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 543.38671875 m 536.47265625 543.38671875 l s q 0 0 1 rg BT 106.50 544.45 Td (Form of Employee Non-Qualified Stock Option ) Tj ET Q q 0 0 1 rg BT 261.59 544.45 Td (Agreement \(co-Chief Executive Of) Tj ET Q q 0 0 1 rg BT 374.06 544.45 Td (ficers version, 2015 Plan, for use from June 2015\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 535.38671875 m 554.9296875 535.38671875 l s q 0 0 1 rg BT 106.50 536.45 Td (\(incorporated by reference to Exhibit 10.10 to the Company's ) Tj ET Q q 0 0 1 rg BT 304.33 536.45 Td (Annual Report on Form 10-K for the fiscal period ended December 31, 2016\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 513.45 Td (10.10*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 512.38671875 m 555.5 512.38671875 l s q 0 0 1 rg BT 106.50 513.45 Td (Form of Restricted Stock Unit ) Tj ET Q q 0 0 1 rg BT 204.94 513.45 Td (A) Tj ET Q q 0 0 1 rg BT 209.98 513.45 Td (ward ) Tj ET Q q 0 0 1 rg BT 227.53 513.45 Td (Agreement \(time-based vesting\) \(co-Chief Executive Of) Tj ET Q q 0 0 1 rg BT 407.54 513.45 Td (ficers version, 2015 Plan, for use from March ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 504.38671875 m 556.6328125 504.38671875 l s q 0 0 1 rg BT 106.50 505.45 Td (2016\). \(incorporated by reference to Exhibit 10.1) Tj ET Q q 0 0 1 rg BT 263.48 505.45 Td (1 to the Company's ) Tj ET Q q 0 0 1 rg BT 326.70 505.45 Td (Annual Report on Form 10-K for the fiscal period ended December 31, ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 496.38671875 m 127.1640625 496.38671875 l s q 0 0 1 rg BT 106.50 497.45 Td (2016\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 474.45 Td (10.1) Tj ET Q q 0 0 0 rg BT 66.35 474.45 Td (1+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 473.38671875 m 462.98828125 473.38671875 l s q 0 0 1 rg BT 106.50 474.45 Td (Form of Employee Performance-based Restricted Stock Unit ) Tj ET Q q 0 0 1 rg BT 303.12 474.45 Td (A) Tj ET Q q 0 0 1 rg BT 308.16 474.45 Td (ward ) Tj ET Q q 0 0 1 rg BT 325.71 474.45 Td (Agreement \(for use from December 2018\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 451.45 Td (10.12+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 450.38671875 m 517.4765625 450.38671875 l s q 0 0 1 rg BT 106.50 451.45 Td (Form of co-Chief Executive Of) Tj ET Q q 0 0 1 rg BT 206.77 451.45 Td (ficer Performance-based Restricted Stock Unit ) Tj ET Q q 0 0 1 rg BT 357.61 451.45 Td (A) Tj ET Q q 0 0 1 rg BT 362.65 451.45 Td (ward ) Tj ET Q q 0 0 1 rg BT 380.20 451.45 Td (Agreement \(for use from December 2018\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 428.45 Td (10.13*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 427.38671875 m 557.0703125 427.38671875 l s q 0 0 1 rg BT 106.50 428.45 Td (Investment ) Tj ET Q q 0 0 1 rg BT 143.61 428.45 Td (Agreement between CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 301.64 428.45 Td (, and ) Tj ET Q q 0 0 1 rg BT 319.05 428.45 Td (T) Tj ET Q q 0 0 1 rg BT 323.38 428.45 Td (op ) Tj ET Q q 0 0 1 rg BT 333.23 428.45 Td (T) Tj ET Q q 0 0 1 rg BT 337.56 428.45 Td (one Media Holdings Limited, dated ) Tj ET Q q 0 0 1 rg BT 453.09 428.45 Td (April 22, 2010 \(incorporated by ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 419.38671875 m 502.9453125 419.38671875 l s q 0 0 1 rg BT 106.50 420.45 Td (reference to Exhibit 10.5 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2010\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 397.45 Td (10.14*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 396.38671875 m 546.765625 396.38671875 l s q 0 0 1 rg BT 106.50 397.45 Td (Subscription ) Tj ET Q q 0 0 1 rg BT 148.50 397.45 Td (Agreement, by and between Central European Media Enterprises Ltd. and ) Tj ET Q q 0 0 1 rg BT 387.39 397.45 Td (TW) Tj ET Q q 0 0 1 rg BT 399.68 397.45 Td ( Media Holdings LLC, dated March 22, 2009 ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 388.38671875 m 558.03515625 388.38671875 l s q 0 0 1 rg BT 106.50 389.45 Td (\(incorporated by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2009\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 366.45 Td (10.15*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 365.38671875 m 548.84375 365.38671875 l s q 0 0 1 rg BT 106.50 366.45 Td (Sale and Purchase ) Tj ET Q q 0 0 1 rg BT 166.26 366.45 Td (Agreement in respect of Pro ) Tj ET Q q 0 0 1 rg BT 258.31 366.45 Td (TV) Tj ET Q q 0 0 1 rg BT 268.83 366.45 Td ( S.A., Media Pro International S.A. and Media ) Tj ET Q q 0 0 1 rg BT 419.55 366.45 Td (V) Tj ET Q q 0 0 1 rg BT 424.84 366.45 Td (ision S.R.L. among CME Investments ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 357.38671875 m 540.90234375 357.38671875 l s q 0 0 1 rg BT 106.50 358.45 Td (B.V) Tj ET Q q 0 0 1 rg BT 118.58 358.45 Td (., Central European Media Enterprises Ltd. and ) Tj ET Q q 0 0 1 rg BT 271.43 358.45 Td (Adrian Sarbu, dated May 24, 2010 \(incorporated by reference to Exhibit 10.8 to the ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 349.38671875 m 395.2109375 349.38671875 l s q 0 0 1 rg BT 106.50 350.45 Td (Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2010\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 327.45 Td (10.16*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 326.38671875 m 531.42578125 326.38671875 l s q 0 0 1 rg BT 106.50 327.45 Td (Subscription and Equity Commitment ) Tj ET Q q 0 0 1 rg BT 229.61 327.45 Td (Agreement, by and between ) Tj ET Q q 0 0 1 rg BT 321.21 327.45 Td (T) Tj ET Q q 0 0 1 rg BT 325.81 327.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 339.66 327.45 Td (W) Tj ET Q q 0 0 1 rg BT 346.57 327.45 Td (arner Media Holdings B.V) Tj ET Q q 0 0 1 rg BT 430.86 327.45 Td (. and the Company) Tj ET Q q 0 0 1 rg BT 490.77 327.45 Td (, dated as of ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 318.38671875 m 521.41796875 318.38671875 l s q 0 0 1 rg BT 106.50 319.45 Td (April30,2012 \(incorporated by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K filed on ) Tj ET Q q 0 0 1 rg BT 469.87 319.45 Td (April 30, 2012\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 296.45 Td (10.17*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 295.38671875 m 521.44140625 295.38671875 l s q 0 0 1 rg BT 106.50 296.45 Td (Letter ) Tj ET Q q 0 0 1 rg BT 127.16 296.45 Td (Agreement, by and among ) Tj ET Q q 0 0 1 rg BT 213.88 296.45 Td (T) Tj ET Q q 0 0 1 rg BT 218.48 296.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 232.33 296.45 Td (W) Tj ET Q q 0 0 1 rg BT 239.24 296.45 Td (arner Media Holdings B.V) Tj ET Q q 0 0 1 rg BT 323.53 296.45 Td (., the Company) Tj ET Q q 0 0 1 rg BT 371.89 296.45 Td (, RSL) Tj ET Q q 0 0 1 rg BT 390.27 296.45 Td ( Savannah LLC, RSL) Tj ET Q q 0 0 1 rg BT 458.85 296.45 Td ( Capital LLC, RSL) Tj ET Q q 0 0 1 rg BT 519.44 296.45 Td ( ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 287.38671875 m 540.6328125 287.38671875 l s q 0 0 1 rg BT 106.50 288.45 Td (Investments Corporation and Ronald S. Lauder) Tj ET Q q 0 0 1 rg BT 257.26 288.45 Td (, dated as of ) Tj ET Q q 0 0 1 rg BT 297.47 288.45 Td (April 30, 2012 \(incorporated by reference to Exhibit 10.3 to the Company's ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 279.38671875 m 278.2578125 279.38671875 l s q 0 0 1 rg BT 106.50 280.45 Td (Current Report on Form 8-K filed on ) Tj ET Q q 0 0 1 rg BT 226.71 280.45 Td (April 30, 2012\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 257.45 Td (10.18*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 256.38671875 m 553.94921875 256.38671875 l s q 0 0 1 rg BT 106.50 257.45 Td (Subscription ) Tj ET Q q 0 0 1 rg BT 148.50 257.45 Td (Agreement, by and among Ronald S. Lauder) Tj ET Q q 0 0 1 rg BT 291.26 257.45 Td (, RSL) Tj ET Q q 0 0 1 rg BT 309.63 257.45 Td ( Capital LLC and the Company) Tj ET Q q 0 0 1 rg BT 409.76 257.45 Td (, dated as of ) Tj ET Q q 0 0 1 rg BT 449.97 257.45 Td (April 30, 2012 \(incorporated by ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 248.38671875 m 417.44140625 248.38671875 l s q 0 0 1 rg BT 106.50 249.45 Td (reference to Exhibit 10.4 to the Company's Current Report on Form 8-K filed on ) Tj ET Q q 0 0 1 rg BT 365.89 249.45 Td (April 30, 2012\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 226.45 Td (10.19*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 225.38671875 m 540.5390625 225.38671875 l s q 0 0 1 rg BT 106.50 226.45 Td (Indemnity ) Tj ET Q q 0 0 1 rg BT 140.94 226.45 Td (Agreement, by and among Central European Media Enterprises Ltd., Ronald S. Lauder and RSL) Tj ET Q q 0 0 1 rg BT 449.68 226.45 Td ( Savannah LLC, dated as of ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 217.38671875 m 555.37109375 217.38671875 l s q 0 0 1 rg BT 106.50 218.45 Td (March 22, 2009 \(incorporated by reference to Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 209.38671875 m 162.04296875 209.38671875 l s q 0 0 1 rg BT 106.50 210.45 Td (March 31, 2009\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 187.45 Td (10.20*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 186.38671875 m 523.38671875 186.38671875 l s q 0 0 1 rg BT 106.50 187.45 Td (Investor Rights ) Tj ET Q q 0 0 1 rg BT 157.17 187.45 Td (Agreement among the Company) Tj ET Q q 0 0 1 rg BT 260.84 187.45 Td (, Ronald S. Lauder) Tj ET Q q 0 0 1 rg BT 320.73 187.45 Td (, RSL) Tj ET Q q 0 0 1 rg BT 339.11 187.45 Td ( Savannah LLC, RSL) Tj ET Q q 0 0 1 rg BT 407.70 187.45 Td ( Investment LLC, RSL) Tj ET Q q 0 0 1 rg BT 480.73 187.45 Td ( Investments ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 178.38671875 m 540.48046875 178.38671875 l s q 0 0 1 rg BT 106.50 179.45 Td (Corporation and ) Tj ET Q q 0 0 1 rg BT 160.57 179.45 Td (T) Tj ET Q q 0 0 1 rg BT 165.17 179.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 179.02 179.45 Td (W) Tj ET Q q 0 0 1 rg BT 185.93 179.45 Td (arner Media Holdings B.V) Tj ET Q q 0 0 1 rg BT 270.22 179.45 Td (., dated May 18, 2009 \(incorporated by reference to Exhibit 10.71 to the Company's ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 170.38671875 m 350.42578125 170.38671875 l s q 0 0 1 rg BT 106.50 171.45 Td (Annual Report on Form 10-K for the fiscal year ended December 31, 2009\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 148.45 Td (10.21*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 147.38671875 m 557.234375 147.38671875 l s q 0 0 1 rg BT 106.50 148.45 Td (First ) Tj ET Q q 0 0 1 rg BT 122.73 148.45 Td (Amendment to the Investor Rights ) Tj ET Q q 0 0 1 rg BT 234.94 148.45 Td (Agreement, by and among the Company) Tj ET Q q 0 0 1 rg BT 364.17 148.45 Td (, Ronald S. Lauder) Tj ET Q q 0 0 1 rg BT 424.06 148.45 Td (, RSL) Tj ET Q q 0 0 1 rg BT 442.43 148.45 Td ( Savannah LLC, RSL) Tj ET Q q 0 0 1 rg BT 511.02 148.45 Td ( Capital LLC, ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 139.38671875 m 554.96484375 139.38671875 l s q 0 0 1 rg BT 106.50 140.45 Td (RSL) Tj ET Q q 0 0 1 rg BT 120.88 140.45 Td ( Investments Corporation and ) Tj ET Q q 0 0 1 rg BT 217.60 140.45 Td (T) Tj ET Q q 0 0 1 rg BT 222.21 140.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 236.06 140.45 Td (W) Tj ET Q q 0 0 1 rg BT 242.97 140.45 Td (arner Media Holdings B.V) Tj ET Q q 0 0 1 rg BT 327.25 140.45 Td (., dated as of ) Tj ET Q q 0 0 1 rg BT 369.46 140.45 Td (April 30, 2012 \(incorporated by reference to Exhibit 10.5 ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 131.38671875 m 335.91796875 131.38671875 l s q 0 0 1 rg BT 106.50 132.45 Td (to the Company's Current Report on Form 8-K filed on ) Tj ET Q q 0 0 1 rg BT 284.37 132.45 Td (April 30, 2012\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 109.45 Td (10.22*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 108.38671875 m 540.71875 108.38671875 l s q 0 0 1 rg BT 106.50 109.45 Td (Subscription ) Tj ET Q q 0 0 1 rg BT 148.50 109.45 Td (Agreement, dated as of ) Tj ET Q q 0 0 1 rg BT 224.25 109.45 Td (April 29, 2013, by and between Central European Media Enterprises Ltd. and ) Tj ET Q q 0 0 1 rg BT 474.48 109.45 Td (T) Tj ET Q q 0 0 1 rg BT 479.09 109.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 492.94 109.45 Td (W) Tj ET Q q 0 0 1 rg BT 499.85 109.45 Td (arner Media ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 100.38671875 m 519.94921875 100.38671875 l s q 0 0 1 rg BT 106.50 101.45 Td (Holdings B.V) Tj ET Q q 0 0 1 rg BT 149.92 101.45 Td (. \(incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on ) Tj ET Q q 0 0 1 rg BT 468.40 101.45 Td (April 29, 2013\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 78.45 Td (10.23*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 77.38671875 m 559.9765625 77.38671875 l s q 0 0 1 rg BT 106.50 78.45 Td (Letter ) Tj ET Q q 0 0 1 rg BT 127.16 78.45 Td (Agreement, dated as of ) Tj ET Q q 0 0 1 rg BT 202.91 78.45 Td (April 29, 2013, by and between RSL) Tj ET Q q 0 0 1 rg BT 320.37 78.45 Td ( Savannah LLC, RSL) Tj ET Q q 0 0 1 rg BT 388.96 78.45 Td ( Capital LLC, RSL) Tj ET Q q 0 0 1 rg BT 449.55 78.45 Td ( Investments Corporation, Ronald ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 69.38671875 m 554.921875 69.38671875 l s q 0 0 1 rg BT 106.50 70.45 Td (S. Lauder and ) Tj ET Q q 0 0 1 rg BT 153.01 70.45 Td (T) Tj ET Q q 0 0 1 rg BT 157.61 70.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 171.46 70.45 Td (W) Tj ET Q q 0 0 1 rg BT 178.38 70.45 Td (arner Media Holdings B.V) Tj ET Q q 0 0 1 rg BT 262.66 70.45 Td (. \(incorporated by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 61.38671875 m 184.26953125 61.38671875 l s q 0 0 1 rg BT 106.50 62.45 Td (filed on ) Tj ET Q q 0 0 1 rg BT 132.72 62.45 Td (April 29, 2013\).) 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0.9333333333333333 1 rg /GS0 gs 100.00 200.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 200.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 161.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 161.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 161.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 122.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 122.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 122.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 83.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 83.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 83.50 458.00 -29.00 re f /GS0 gs BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 699.45 Td (10.24*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 698.38671875 m 558.5859375 698.38671875 l s q 0 0 1 rg BT 106.50 699.45 Td (Framework ) Tj ET Q q 0 0 1 rg BT 144.94 699.45 Td (Agreement, dated as of February 28, 2014, among Central European Media Enterprises Ltd., ) Tj ET Q q 0 0 1 rg BT 443.37 699.45 Td (T) Tj ET Q q 0 0 1 rg BT 447.98 699.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 461.83 699.45 Td (W) Tj ET Q q 0 0 1 rg BT 468.74 699.45 Td (arner Inc. and ) Tj ET Q q 0 0 1 rg BT 514.79 699.45 Td (T) Tj ET Q q 0 0 1 rg BT 519.39 699.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 533.25 699.45 Td (W) Tj ET Q q 0 0 1 rg BT 540.16 699.45 Td (arner ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 690.38671875 m 548.49609375 690.38671875 l s q 0 0 1 rg BT 106.50 691.45 Td (Media Holdings B.V) Tj ET Q q 0 0 1 rg BT 172.36 691.45 Td (. \(incorporated by reference to Exhibit 99.1 to the Company) Tj ET Q q 0 0 1 rg BT 366.30 691.45 Td (s Registration Statement on Form S-3 filed February 28, ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 682.38671875 m 127.1640625 682.38671875 l s q 0 0 1 rg BT 106.50 683.45 Td (2014\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 660.45 Td (10.25*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 659.38671875 m 538.2578125 659.38671875 l s q 0 0 1 rg BT 106.50 660.45 Td (Standby Purchase ) Tj ET Q q 0 0 1 rg BT 165.16 660.45 Td (Agreement, dated as of March 24, 2014, between Central European Media Enterprises Ltd. and ) Tj ET Q q 0 0 1 rg BT 472.02 660.45 Td (T) Tj ET Q q 0 0 1 rg BT 476.63 660.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 490.48 660.45 Td (W) Tj ET Q q 0 0 1 rg BT 497.39 660.45 Td (arner Media ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 651.38671875 m 515.1640625 651.38671875 l s q 0 0 1 rg BT 106.50 652.45 Td (Holdings B.V) Tj ET Q q 0 0 1 rg BT 149.92 652.45 Td (. \(incorporated by reference to Exhibit 10.1 to the Company) Tj ET Q q 0 0 1 rg BT 343.86 652.45 Td (s Current Report on Form 8-K filed March 27, 2014\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 629.45 Td (10.26*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 628.38671875 m 552.45703125 628.38671875 l s q 0 0 1 rg BT 106.50 629.45 Td (Pledge ) Tj ET Q q 0 0 1 rg BT 129.83 629.45 Td (Agreement on Shares in Central European Media Enterprises N.V) Tj ET Q q 0 0 1 rg BT 340.07 629.45 Td (., dated May 2, 2014, among Central European Media Enterprises ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 620.38671875 m 552.57421875 620.38671875 l s q 0 0 1 rg BT 106.50 621.45 Td (Ltd. \(as Pledgor\), ) Tj ET Q q 0 0 1 rg BT 164.34 621.45 Td (T) Tj ET Q q 0 0 1 rg BT 168.95 621.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 182.80 621.45 Td (W) Tj ET Q q 0 0 1 rg BT 189.71 621.45 Td (arner Inc. \(as Pledgee\) and Central European Media Enterprises N.V) Tj ET Q q 0 0 1 rg BT 408.37 621.45 Td (. \(as the Company\), with respect to the ) Tj ET Q q 0 0 1 rg BT 533.97 621.45 Td (T) Tj ET Q q 0 0 1 rg BT 538.58 621.45 Td (ime ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 612.38671875 m 535.3125 612.38671875 l s q 0 0 1 rg BT 106.50 613.45 Td (W) Tj ET Q q 0 0 1 rg BT 113.41 613.45 Td (arner Revolving Credit Facility \(incorporated by reference to Exhibit 10.10 to the Company) Tj ET Q q 0 0 1 rg BT 409.55 613.45 Td (s Current Report on Form 8-K filed on ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 604.38671875 m 151.828125 604.38671875 l s q 0 0 1 rg BT 106.50 605.45 Td (May5,2014\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 582.45 Td (10.27*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 581.38671875 m 558.76953125 581.38671875 l s q 0 0 1 rg BT 106.50 582.45 Td (Deed of Pledge of Shares \(CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 284.32 582.45 Td (.\), dated May 2, 2014, among Central European Media Enterprises N.V) Tj ET Q q 0 0 1 rg BT 511.89 582.45 Td (. \(as Pledgor\), ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 573.38671875 m 537.94921875 573.38671875 l s q 0 0 1 rg BT 106.50 574.45 Td (T) Tj ET Q q 0 0 1 rg BT 111.11 574.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 124.96 574.45 Td (W) Tj ET Q q 0 0 1 rg BT 131.87 574.45 Td (arner Inc. \(as Pledgee\) and CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 311.22 574.45 Td (. \(as the Company\), with respect to the ) Tj ET Q q 0 0 1 rg BT 436.82 574.45 Td (T) Tj ET Q q 0 0 1 rg BT 441.43 574.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 455.28 574.45 Td (W) Tj ET Q q 0 0 1 rg BT 462.19 574.45 Td (arner Revolving Credit ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 565.38671875 m 493.97265625 565.38671875 l s q 0 0 1 rg BT 106.50 566.45 Td (Facility \(incorporated by reference to Exhibit 10.9 to the Company) Tj ET Q q 0 0 1 rg BT 322.88 566.45 Td (s Current Report on Form 8-K filed on May 5, 2014\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 543.45 Td (10.28*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 542.38671875 m 550.08984375 542.38671875 l s q 0 0 1 rg BT 106.50 543.45 Td (Credit ) Tj ET Q q 0 0 1 rg BT 128.05 543.45 Td (Agreement dated as of November 14, 2014 among Central European Media Enterprises Ltd., BNP) Tj ET Q q 0 0 1 rg BT 442.79 543.45 Td ( Paribas, as administrative agent, ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 534.38671875 m 555.2890625 534.38671875 l s q 0 0 1 rg BT 106.50 535.45 Td (T) Tj ET Q q 0 0 1 rg BT 111.11 535.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 124.96 535.45 Td (W) Tj ET Q q 0 0 1 rg BT 131.87 535.45 Td (arner Inc., as guarantor) Tj ET Q q 0 0 1 rg BT 205.51 535.45 Td (, and the lenders party thereto \(incorporated by reference to Exhibit 10.1 to the Company's Current Report in ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 526.38671875 m 235.3671875 526.38671875 l s q 0 0 1 rg BT 106.50 527.45 Td (Form 8-K filed on November14, 2014\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 504.45 Td (10.29*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 503.38671875 m 553.1328125 503.38671875 l s q 0 0 1 rg BT 106.50 504.45 Td (Commitment Letter dated as of November 14, 2014 between Central European Media Enterprises Ltd. and ) Tj ET Q q 0 0 1 rg BT 450.03 504.45 Td (T) Tj ET Q q 0 0 1 rg BT 454.64 504.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 468.49 504.45 Td (W) Tj ET Q q 0 0 1 rg BT 475.40 504.45 Td (arner Inc. \(incorporated ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 495.38671875 m 442.984375 495.38671875 l s q 0 0 1 rg BT 106.50 496.45 Td (by reference to Exhibit 10.2 to the Company's Current Report in Form 8-K filed on November14, 2014\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 473.45 Td (10.30*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 472.38671875 m 550.53515625 472.38671875 l s q 0 0 1 rg BT 106.50 473.45 Td (Credit ) Tj ET Q q 0 0 1 rg BT 128.05 473.45 Td (Agreement dated as of September 30, 2015 among Central European Media Enterprises Ltd., BNP) Tj ET Q q 0 0 1 rg BT 443.23 473.45 Td ( Paribas, as administrative agent, ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 464.38671875 m 557.84765625 464.38671875 l s q 0 0 1 rg BT 106.50 465.45 Td (T) Tj ET Q q 0 0 1 rg BT 111.11 465.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 124.96 465.45 Td (W) Tj ET Q q 0 0 1 rg BT 131.87 465.45 Td (arner Inc., as guarantor) Tj ET Q q 0 0 1 rg BT 205.51 465.45 Td (, and the lenders party thereto \(incorporated by reference to Exhibit 10.1 to the Company) Tj ET Q q 0 0 1 rg BT 492.52 465.45 Td (s Current Report on ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 456.38671875 m 223.3671875 456.38671875 l s q 0 0 1 rg BT 106.50 457.45 Td (Form 8-K filed on October1,2015\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 434.45 Td (10.31*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 433.38671875 m 545.03125 433.38671875 l s q 0 0 1 rg BT 106.50 434.45 Td (Credit ) Tj ET Q q 0 0 1 rg BT 128.05 434.45 Td (Agreement dated as of February 19, 2016 among CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 378.74 434.45 Td (., as borrower) Tj ET Q q 0 0 1 rg BT 422.41 434.45 Td (, Central European Media Enterprises ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 425.38671875 m 540.203125 425.38671875 l s q 0 0 1 rg BT 106.50 426.45 Td (Ltd., as guarantor) Tj ET Q q 0 0 1 rg BT 162.61 426.45 Td (, BNP) Tj ET Q q 0 0 1 rg BT 181.87 426.45 Td ( Paribas, as administrative agent, ) Tj ET Q q 0 0 1 rg BT 289.03 426.45 Td (T) Tj ET Q q 0 0 1 rg BT 293.64 426.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 307.49 426.45 Td (W) Tj ET Q q 0 0 1 rg BT 314.40 426.45 Td (arner Inc., as guarantor) Tj ET Q q 0 0 1 rg BT 388.04 426.45 Td (, and the lenders party thereto \(incorporated by ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 417.38671875 m 430.65625 417.38671875 l s q 0 0 1 rg BT 106.50 418.45 Td (reference to Exhibit 10.1 to the Company) Tj ET Q q 0 0 1 rg BT 241.35 418.45 Td (s Current Report on Form 8-K filed on February22,2016\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 395.45 Td (10.32*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 394.38671875 m 533.49609375 394.38671875 l s q 0 0 1 rg BT 106.50 395.45 Td (Amendment dated as of February 19, 2016 to the Credit ) Tj ET Q q 0 0 1 rg BT 287.13 395.45 Td (Agreement dated as of November 14, 2014, among Central European Media ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 386.38671875 m 521.76953125 386.38671875 l s q 0 0 1 rg BT 106.50 387.45 Td (Enterprises Ltd., as borrower) Tj ET Q q 0 0 1 rg BT 199.26 387.45 Td (, BNP) Tj ET Q q 0 0 1 rg BT 218.53 387.45 Td ( Paribas, as administrative agent, ) Tj ET Q q 0 0 1 rg BT 325.69 387.45 Td (T) Tj ET Q q 0 0 1 rg BT 330.29 387.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 344.14 387.45 Td (W) Tj ET Q q 0 0 1 rg BT 351.05 387.45 Td (arner Inc., as guarantor) Tj ET Q q 0 0 1 rg BT 424.70 387.45 Td (, and the lenders party thereto ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 378.38671875 m 485.74609375 378.38671875 l s q 0 0 1 rg BT 106.50 379.45 Td (\(incorporated by reference to Exhibit 10.3 to the Company) Tj ET Q q 0 0 1 rg BT 296.44 379.45 Td (s Current Report on Form 8-K filed on February22,2016\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 356.45 Td (10.33*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 355.38671875 m 533.94140625 355.38671875 l s q 0 0 1 rg BT 106.50 356.45 Td (Amendment dated as of February 19, 2016 to the Credit ) Tj ET Q q 0 0 1 rg BT 287.13 356.45 Td (Agreement dated as of September 30, 2015, among Central European Media ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 347.38671875 m 521.76953125 347.38671875 l s q 0 0 1 rg BT 106.50 348.45 Td (Enterprises Ltd., as borrower) Tj ET Q q 0 0 1 rg BT 199.26 348.45 Td (, BNP) Tj ET Q q 0 0 1 rg BT 218.53 348.45 Td ( Paribas, as administrative agent, ) Tj ET Q q 0 0 1 rg BT 325.69 348.45 Td (T) Tj ET Q q 0 0 1 rg BT 330.29 348.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 344.14 348.45 Td (W) Tj ET Q q 0 0 1 rg BT 351.05 348.45 Td (arner Inc., as guarantor) Tj ET Q q 0 0 1 rg BT 424.70 348.45 Td (, and the lenders party thereto ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 339.38671875 m 485.74609375 339.38671875 l s q 0 0 1 rg BT 106.50 340.45 Td (\(incorporated by reference to Exhibit 10.4 to the Company) Tj ET Q q 0 0 1 rg BT 296.44 340.45 Td (s Current Report on Form 8-K filed on February22,2016\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 317.45 Td (10.34*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 316.38671875 m 545.265625 316.38671875 l s q 0 0 1 rg BT 106.50 317.45 Td (Amendment and Restatement ) Tj ET Q q 0 0 1 rg BT 202.70 317.45 Td (Agreement in respect of the ) Tj ET Q q 0 0 1 rg BT 293.11 317.45 Td (Amended and Restated Revolving Loan Facility Credit ) Tj ET Q q 0 0 1 rg BT 471.07 317.45 Td (Agreement dated as of ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 308.38671875 m 552.06640625 308.38671875 l s q 0 0 1 rg BT 106.50 309.45 Td (November 14, 2014, as amended and restated as of February 19, 2016 among Central European Media Enterprises Ltd., as borrower) Tj ET Q q 0 0 1 rg BT 529.61 309.45 Td (, ) Tj ET Q q 0 0 1 rg BT 533.46 309.45 Td (T) Tj ET Q q 0 0 1 rg BT 538.07 309.45 Td (ime ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 300.38671875 m 538.375 300.38671875 l s q 0 0 1 rg BT 106.50 301.45 Td (W) Tj ET Q q 0 0 1 rg BT 113.41 301.45 Td (arner Inc. as administrative agent, and the lenders party thereto \(incorporated by reference to Exhibit 10.7 to the Company) Tj ET Q q 0 0 1 rg BT 506.82 301.45 Td (s Current ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 292.38671875 m 264.25390625 292.38671875 l s q 0 0 1 rg BT 106.50 293.45 Td (Report on Form 8-K filed on February 22, 2016\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 270.45 Td (10.35*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 269.38671875 m 556.81640625 269.38671875 l s q 0 0 1 rg BT 106.50 270.45 Td (Amended and Restated Reimbursement ) Tj ET Q q 0 0 1 rg BT 234.91 270.45 Td (Agreement dated as of November 14, 2014 as amended and restated as of February 19, 2016 among ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 261.38671875 m 530.11328125 261.38671875 l s q 0 0 1 rg BT 106.50 262.45 Td (Central European Media Enterprises Ltd., CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 334.08 262.45 Td (., and ) Tj ET Q q 0 0 1 rg BT 353.48 262.45 Td (T) Tj ET Q q 0 0 1 rg BT 358.09 262.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 371.94 262.45 Td (W) Tj ET Q q 0 0 1 rg BT 378.85 262.45 Td (arner Inc., as credit guarantor \(incorporated by ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 253.38671875 m 430.65625 253.38671875 l s q 0 0 1 rg BT 106.50 254.45 Td (reference to Exhibit 10.8 to the Company) Tj ET Q q 0 0 1 rg BT 241.35 254.45 Td (s Current Report on Form 8-K filed on February 22, 2016\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 231.45 Td (10.36*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 230.38671875 m 528.68359375 230.38671875 l s q 0 0 1 rg BT 106.50 231.45 Td (Pledge ) Tj ET Q q 0 0 1 rg BT 129.83 231.45 Td (Agreement on Shares in Central European Media Enterprises N.V) Tj ET Q q 0 0 1 rg BT 340.07 231.45 Td (. dated February 19, 2016 among Central European Media ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 222.38671875 m 539.54296875 222.38671875 l s q 0 0 1 rg BT 106.50 223.45 Td (Enterprises Ltd., as pledgor) Tj ET Q q 0 0 1 rg BT 194.38 223.45 Td (, ) Tj ET Q q 0 0 1 rg BT 198.23 223.45 Td (T) Tj ET Q q 0 0 1 rg BT 202.84 223.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 216.69 223.45 Td (W) Tj ET Q q 0 0 1 rg BT 223.60 223.45 Td (arner Inc., as pledgee, and Central European Media Enterprises N.V) Tj ET Q q 0 0 1 rg BT 440.48 223.45 Td (. \(incorporated by reference to ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 214.38671875 m 394.6875 214.38671875 l s q 0 0 1 rg BT 106.50 215.45 Td (Exhibit 10.10 to the Company) Tj ET Q q 0 0 1 rg BT 205.38 215.45 Td (s Current Report on Form 8-K filed on February 22, 2016\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 192.45 Td (10.37*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 191.38671875 m 540.76953125 191.38671875 l s q 0 0 1 rg BT 106.50 192.45 Td (Deed of Pledge of Shares \(CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 284.32 192.45 Td (.\) dated February 19, 2016 among Central European Media Enterprises N.V) Tj ET Q q 0 0 1 rg BT 526.11 192.45 Td (., as ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 183.38671875 m 538.17578125 183.38671875 l s q 0 0 1 rg BT 106.50 184.45 Td (pledgor) Tj ET Q q 0 0 1 rg BT 130.62 184.45 Td (, ) Tj ET Q q 0 0 1 rg BT 134.47 184.45 Td (T) Tj ET Q q 0 0 1 rg BT 139.08 184.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 152.93 184.45 Td (W) Tj ET Q q 0 0 1 rg BT 159.84 184.45 Td (arner Inc. as pledgee, and CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 335.42 184.45 Td (. \(incorporated by reference to Exhibit 10.1) Tj ET Q q 0 0 1 rg BT 473.73 184.45 Td (1 to the Company) Tj ET Q q 0 0 1 rg BT 533.06 184.45 Td (s ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 175.38671875 m 290.69140625 175.38671875 l s q 0 0 1 rg BT 106.50 176.45 Td (Current Report on Form 8-K filed on February 22, 2016\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 153.45 Td (10.38*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 152.38671875 m 552.3671875 152.38671875 l s q 0 0 1 rg BT 106.50 153.45 Td (Deed of ) Tj ET Q q 0 0 1 rg BT 133.60 153.45 Td (Amendment dated February 19, 2016 to the Intercreditor ) Tj ET Q q 0 0 1 rg BT 316.88 153.45 Td (Agreement dated July 21, 2006, as amended and restated, among Central ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 144.38671875 m 542.9765625 144.38671875 l s q 0 0 1 rg BT 106.50 145.45 Td (European Media Enterprises Ltd., Central European Media Enterprises N.V) Tj ET Q q 0 0 1 rg BT 347.84 145.45 Td (., CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 445.68 145.45 Td (., and the other parties thereto ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 136.38671875 m 489.74609375 136.38671875 l s q 0 0 1 rg BT 106.50 137.45 Td (\(incorporated by reference to Exhibit 10.12 to the Company) Tj ET Q q 0 0 1 rg BT 300.44 137.45 Td (s Current Report on Form 8-K filed on February 22, 2016\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 114.45 Td (10.39*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 113.38671875 m 551.90625 113.38671875 l s q 0 0 1 rg BT 106.50 114.45 Td (Intercreditor ) Tj ET Q q 0 0 1 rg BT 148.04 114.45 Td (Agreement dated July 21, 2006, as amended and restated, among Central European Media Enterprises Ltd., Central European ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 105.38671875 m 535.19921875 105.38671875 l s q 0 0 1 rg BT 106.50 106.45 Td (Media Enterprises N.V) Tj ET Q q 0 0 1 rg BT 179.45 106.45 Td (., CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 277.29 106.45 Td (., and the other parties thereto \(incorporated by reference to Exhibit 10.13 to the ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 97.38671875 m 329.13671875 97.38671875 l s q 0 0 1 rg BT 106.50 98.45 Td (Company) Tj ET Q q 0 0 1 rg BT 139.83 98.45 Td (s Current Report on Form 8-K filed on February 22, 2016\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 75.45 Td (10.40*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 74.38671875 m 547.4921875 74.38671875 l s q 0 0 1 rg BT 106.50 75.45 Td (Amendment dated March 2, 2017, to ) Tj ET Q q 0 0 1 rg BT 226.03 75.45 Td (Amended and Restated Reimbursement ) Tj ET Q q 0 0 1 rg BT 354.45 75.45 Td (Agreement dated as of November 14, 2014 as amended and ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 66.38671875 m 551.015625 66.38671875 l s q 0 0 1 rg BT 106.50 67.45 Td (restated as of February 19, 2016 among Central European Media Enterprises Ltd., CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 462.93 67.45 Td (., and ) Tj ET Q q 0 0 1 rg BT 482.34 67.45 Td (T) Tj ET Q q 0 0 1 rg BT 486.95 67.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 500.80 67.45 Td (W) Tj ET Q q 0 0 1 rg BT 507.71 67.45 Td (arner Inc., as ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 58.38671875 m 524.05078125 58.38671875 l s q 0 0 1 rg BT 106.50 59.45 Td (credit guarantor \(incorporated by reference to Exhibit 10.1 to the Company's Current Report in Form 8-K filed on March 6, 2017\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 167 0 obj <>] /Rotate 0 /Contents 168 0 R>> endobj 168 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (80) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 52.5 718.68671875 m 76.0546875 718.68671875 l s q 0 0 0 rg BT 52.50 719.75 Td (Exhibit) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 52.5 710.68671875 m 78.71484375 710.68671875 l s q 0 0 0 rg BT 52.50 711.75 Td (Number) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 710.68671875 m 143.82421875 710.68671875 l s q 0 0 0 rg BT 106.50 711.75 Td (Description) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 697.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 697.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 697.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 666.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 666.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 666.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 635.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 635.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 635.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 604.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 604.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 604.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 573.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 573.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 573.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 542.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 542.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 542.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 511.50 50.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 511.50 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 511.50 458.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 464.50 50.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 464.50 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 464.50 458.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 417.50 50.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 417.50 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 417.50 458.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 370.50 50.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 370.50 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 370.50 458.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 323.50 50.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 323.50 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 323.50 458.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 276.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 276.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 276.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 237.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 237.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 237.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 198.50 50.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 198.50 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 198.50 458.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 151.50 50.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 151.50 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 151.50 458.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 104.50 50.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.00 104.50 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.00 104.50 458.00 -37.00 re f /GS0 gs BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 689.45 Td (10.41*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 688.38671875 m 557.5625 688.38671875 l s q 0 0 1 rg BT 106.50 689.45 Td (Framework ) Tj ET Q q 0 0 1 rg BT 144.94 689.45 Td (Agreement dated July 9, 2017 between CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 363.63 689.45 Td (. and Slovenia Broadband S. r) Tj ET Q q 0 0 1 rg BT 462.50 689.45 Td (.l. \(incorporated by reference ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 680.38671875 m 380.80859375 680.38671875 l s q 0 0 1 rg BT 106.50 681.45 Td (to Exhibit 10.1 to the Company's Current Report in Form 8-K filed on July 10, 2017\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 658.45 Td (10.42*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 657.38671875 m 551.3828125 657.38671875 l s q 0 0 1 rg BT 106.50 658.45 Td (Amendment No. 1 to Framework ) Tj ET Q q 0 0 1 rg BT 214.48 658.45 Td (Agreement, dated ) Tj ET Q q 0 0 1 rg BT 272.91 658.45 Td (April 10, 2018, between CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 444.29 658.45 Td (. and Slovenia Broadband S. r) Tj ET Q q 0 0 1 rg BT 543.16 658.45 Td (.l. ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 649.38671875 m 470.75390625 649.38671875 l s q 0 0 1 rg BT 106.50 650.45 Td (\(incorporated by reference to Exhibit 10.1 to the Company's Current Report in Form 8-K filed on ) Tj ET Q q 0 0 1 rg BT 419.20 650.45 Td (April 12, 2018\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 627.45 Td (10.43*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 626.38671875 m 545.59765625 626.38671875 l s q 0 0 1 rg BT 106.50 627.45 Td (Amended & Restated Framework ) Tj ET Q q 0 0 1 rg BT 215.81 627.45 Td (Agreement, dated July 5, 2018, between CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 438.50 627.45 Td (. and Slovenia Broadband S. r) Tj ET Q q 0 0 1 rg BT 537.38 627.45 Td (.l. ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 618.38671875 m 435.3515625 618.38671875 l s q 0 0 1 rg BT 106.50 619.45 Td (\(incorporated by reference to Exhibit 10.1 to the Company's Current Form 8-K filed on July 1) Tj ET Q q 0 0 1 rg BT 406.69 619.45 Td (1, 2018\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 596.45 Td (10.44*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 595.38671875 m 550.03515625 595.38671875 l s q 0 0 1 rg BT 106.50 596.45 Td (Amendment No. 1 to ) Tj ET Q q 0 0 1 rg BT 175.61 596.45 Td (Amended & Restated Framework ) Tj ET Q q 0 0 1 rg BT 284.91 596.45 Td (Agreement, dated September 13, 2018, between CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 532.48 596.45 Td (. and ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 587.38671875 m 546.06640625 587.38671875 l s q 0 0 1 rg BT 106.50 588.45 Td (Slovenia Broadband S. r) Tj ET Q q 0 0 1 rg BT 187.82 588.45 Td (.l. \(incorporated by reference to Exhibit 10.1 to the Company's Current Form 8-K filed on September 14, 2018\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 565.45 Td (10.45*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 564.38671875 m 538.91796875 564.38671875 l s q 0 0 1 rg BT 106.50 565.45 Td (Amendment No. 2 to ) Tj ET Q q 0 0 1 rg BT 175.61 565.45 Td (Amended & Restated Framework ) Tj ET Q q 0 0 1 rg BT 284.91 565.45 Td (Agreement, dated as of October 31, between CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 521.37 565.45 Td (. and ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 556.38671875 m 541.62109375 556.38671875 l s q 0 0 1 rg BT 106.50 557.45 Td (Slovenia Broadband S..r) Tj ET Q q 0 0 1 rg BT 187.82 557.45 Td (.l. \(incorporated by reference to Exhibit 10.1 to the Company's Current Form 8-K filed on November 1, 2018\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 534.45 Td (10.46*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 533.38671875 m 548.46875 533.38671875 l s q 0 0 1 rg BT 106.50 534.45 Td (Amendment No. 3 to ) Tj ET Q q 0 0 1 rg BT 175.61 534.45 Td (Amended & Restated Framework ) Tj ET Q q 0 0 1 rg BT 284.91 534.45 Td (Agreement, dated as of December 6, 2018, between CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 544.47 534.45 Td (. ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 525.38671875 m 554.2734375 525.38671875 l s q 0 0 1 rg BT 106.50 526.45 Td (and Slovenia Broadband S..r) Tj ET Q q 0 0 1 rg BT 201.37 526.45 Td (.l. \(incorporated by reference to Exhibit 10.1 to the Company's Current Form 8-K filed on December 6, 2018\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 503.45 Td (10.47*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 502.38671875 m 548.57421875 502.38671875 l s q 0 0 1 rg BT 106.50 503.45 Td (Consent, ) Tj ET Q q 0 0 1 rg BT 136.58 503.45 Td (W) Tj ET Q q 0 0 1 rg BT 143.49 503.45 Td (aiver and ) Tj ET Q q 0 0 1 rg BT 174.88 503.45 Td (Third ) Tj ET Q q 0 0 1 rg BT 194.21 503.45 Td (Amendment as of June 22, 2017 to the Credit ) Tj ET Q q 0 0 1 rg BT 341.30 503.45 Td (Agreement dated as of November 14, 2014, as amended, among ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 494.38671875 m 559.7578125 494.38671875 l s q 0 0 1 rg BT 106.50 495.45 Td (Central European Media Enterprises Ltd., as borrower) Tj ET Q q 0 0 1 rg BT 279.90 495.45 Td (, BNP) Tj ET Q q 0 0 1 rg BT 299.16 495.45 Td ( Paribas, as administrative agent, ) Tj ET Q q 0 0 1 rg BT 406.32 495.45 Td (T) Tj ET Q q 0 0 1 rg BT 410.93 495.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 424.78 495.45 Td (W) Tj ET Q q 0 0 1 rg BT 431.69 495.45 Td (arner Inc., as guarantor) Tj ET Q q 0 0 1 rg BT 505.33 495.45 Td (, and the lenders ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 486.38671875 m 549.140625 486.38671875 l s q 0 0 1 rg BT 106.50 487.45 Td (party thereto \(incorporated by reference to Exhibit 10.01 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 478.38671875 m 155.828125 478.38671875 l s q 0 0 1 rg BT 106.50 479.45 Td (June 30, 2017\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 456.45 Td (10.48*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 455.38671875 m 554.94140625 455.38671875 l s q 0 0 1 rg BT 106.50 456.45 Td (Consent, ) Tj ET Q q 0 0 1 rg BT 136.58 456.45 Td (W) Tj ET Q q 0 0 1 rg BT 143.49 456.45 Td (aiver and Second ) Tj ET Q q 0 0 1 rg BT 200.14 456.45 Td (Amendment as of June 22, 2017 to the Credit ) Tj ET Q q 0 0 1 rg BT 347.23 456.45 Td (Agreement dated as of September 30, 2015, as amended, among ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 447.38671875 m 559.7578125 447.38671875 l s q 0 0 1 rg BT 106.50 448.45 Td (Central European Media Enterprises Ltd., as borrower) Tj ET Q q 0 0 1 rg BT 279.90 448.45 Td (, BNP) Tj ET Q q 0 0 1 rg BT 299.16 448.45 Td ( Paribas, as administrative agent, ) Tj ET Q q 0 0 1 rg BT 406.32 448.45 Td (T) Tj ET Q q 0 0 1 rg BT 410.93 448.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 424.78 448.45 Td (W) Tj ET Q q 0 0 1 rg BT 431.69 448.45 Td (arner Inc., as guarantor) Tj ET Q q 0 0 1 rg BT 505.33 448.45 Td (, and the lenders ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 439.38671875 m 549.140625 439.38671875 l s q 0 0 1 rg BT 106.50 440.45 Td (party thereto \(incorporated by reference to Exhibit 10.02 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 431.38671875 m 155.828125 431.38671875 l s q 0 0 1 rg BT 106.50 432.45 Td (June 30, 2017\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 409.45 Td (10.49*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 408.38671875 m 538.96484375 408.38671875 l s q 0 0 1 rg BT 106.50 409.45 Td (Consent, ) Tj ET Q q 0 0 1 rg BT 136.58 409.45 Td (W) Tj ET Q q 0 0 1 rg BT 143.49 409.45 Td (aiver and First ) Tj ET Q q 0 0 1 rg BT 191.26 409.45 Td (Amendment as of June 22, 2017 to the Credit ) Tj ET Q q 0 0 1 rg BT 338.35 409.45 Td (Agreement dated as of February 19, 2016 among CME Media ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 400.38671875 m 551.1875 400.38671875 l s q 0 0 1 rg BT 106.50 401.45 Td (Enterprises B.V) Tj ET Q q 0 0 1 rg BT 156.57 401.45 Td (., as borrower) Tj ET Q q 0 0 1 rg BT 202.23 401.45 Td (, Central European Media Enterprises Ltd., as guarantor) Tj ET Q q 0 0 1 rg BT 380.96 401.45 Td (, BNP) Tj ET Q q 0 0 1 rg BT 400.23 401.45 Td ( Paribas, as administrative agent, ) Tj ET Q q 0 0 1 rg BT 507.39 401.45 Td (T) Tj ET Q q 0 0 1 rg BT 512.00 401.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 525.85 401.45 Td (W) Tj ET Q q 0 0 1 rg BT 532.76 401.45 Td (arner ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 392.38671875 m 553.484375 392.38671875 l s q 0 0 1 rg BT 106.50 393.45 Td (Inc., as guarantor) Tj ET Q q 0 0 1 rg BT 161.71 393.45 Td (, and the lenders party thereto \(incorporated by reference to Exhibit 10.03 to the Company's Quarterly Report on Form 10-) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 384.38671875 m 261.12109375 384.38671875 l s q 0 0 1 rg BT 106.50 385.45 Td (Q for the quarterly period ended June 30, 2017\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 362.45 Td (10.50*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 361.38671875 m 537.734375 361.38671875 l s q 0 0 1 rg BT 106.50 362.45 Td (Second ) Tj ET Q q 0 0 1 rg BT 131.61 362.45 Td (Amendment dated June 22, 2017, to the ) Tj ET Q q 0 0 1 rg BT 260.70 362.45 Td (Amended and Restated Reimbursement ) Tj ET Q q 0 0 1 rg BT 389.11 362.45 Td (Agreement dated as of November 14, 2014 as ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 353.38671875 m 556.8984375 353.38671875 l s q 0 0 1 rg BT 106.50 354.45 Td (amended and restated as of February 19, 2016, as amended, among Central European Media Enterprises Ltd., CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 550.90 354.45 Td (., ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 345.38671875 m 555.25 345.38671875 l s q 0 0 1 rg BT 106.50 346.45 Td (and ) Tj ET Q q 0 0 1 rg BT 119.91 346.45 Td (T) Tj ET Q q 0 0 1 rg BT 124.51 346.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 138.36 346.45 Td (W) Tj ET Q q 0 0 1 rg BT 145.27 346.45 Td (arner Inc., as credit guarantor \(incorporated by reference to Exhibit 10.04 to the Company's Quarterly Report on Form 10-Q for ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 337.38671875 m 242.015625 337.38671875 l s q 0 0 1 rg BT 106.50 338.45 Td (the quarterly period ended June 30, 2017\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 315.45 Td (10.51*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 314.38671875 m 555.3046875 314.38671875 l s q 0 0 1 rg BT 106.50 315.45 Td (First ) Tj ET Q q 0 0 1 rg BT 122.73 315.45 Td (Amendment dated June 22, 2017, to the ) Tj ET Q q 0 0 1 rg BT 251.82 315.45 Td (Amended and Restated Revolving Loan Facility Credit ) Tj ET Q q 0 0 1 rg BT 429.79 315.45 Td (Agreement dated as of May 2, 2014 as ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 306.38671875 m 542.35546875 306.38671875 l s q 0 0 1 rg BT 106.50 307.45 Td (amended and restated as of November 14, 2014, and as further amended and restated as of February 19, 2016, among Central European ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 298.38671875 m 549.453125 298.38671875 l s q 0 0 1 rg BT 106.50 299.45 Td (Media Enterprises Ltd., as borrower) Tj ET Q q 0 0 1 rg BT 221.70 299.45 Td (, ) Tj ET Q q 0 0 1 rg BT 225.55 299.45 Td (T) Tj ET Q q 0 0 1 rg BT 230.16 299.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 244.01 299.45 Td (W) Tj ET Q q 0 0 1 rg BT 250.92 299.45 Td (arner Inc. as administrative agent, and the lenders party thereto \(incorporated by reference to ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 290.38671875 m 460.76171875 290.38671875 l s q 0 0 1 rg BT 106.50 291.45 Td (Exhibit 10.05 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2017\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 268.45 Td (10.52*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 267.38671875 m 552.16796875 267.38671875 l s q 0 0 1 rg BT 106.50 268.45 Td (Fourth ) Tj ET Q q 0 0 1 rg BT 129.39 268.45 Td (Amendment as of February 5, 2018 to the Credit ) Tj ET Q q 0 0 1 rg BT 286.70 268.45 Td (Agreement dated as of November 14, 2014, as amended, among Central European ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 259.38671875 m 544.20703125 259.38671875 l s q 0 0 1 rg BT 106.50 260.45 Td (Media Enterprises Ltd., as borrower) Tj ET Q q 0 0 1 rg BT 221.70 260.45 Td (, BNP) Tj ET Q q 0 0 1 rg BT 240.96 260.45 Td ( Paribas, as administrative agent, ) Tj ET Q q 0 0 1 rg BT 348.13 260.45 Td (T) Tj ET Q q 0 0 1 rg BT 352.73 260.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 366.58 260.45 Td (W) Tj ET Q q 0 0 1 rg BT 373.49 260.45 Td (arner Inc., as guarantor) Tj ET Q q 0 0 1 rg BT 447.13 260.45 Td (, and the lenders party thereto ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 251.38671875 m 548.2578125 251.38671875 l s q 0 0 1 rg BT 106.50 252.45 Td (\(incorporated by reference to Exhibit 10.46 to the Company's ) Tj ET Q q 0 0 1 rg BT 304.33 252.45 Td (Annual Report on Form 10-K for the fiscal year ended December 31, 2017\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 229.45 Td (10.53*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107.5 228.38671875 m 545.83984375 228.38671875 l s q 0 0 1 rg BT 107.50 229.45 Td (Third ) Tj ET Q q 0 0 1 rg BT 126.83 229.45 Td (Amendment, dated as of ) Tj ET Q q 0 0 1 rg BT 206.59 229.45 Td (April 25, 2018, to the Credit ) Tj ET Q q 0 0 1 rg BT 299.03 229.45 Td (Agreement dated as of September 30, 2015, among Central European Media ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107.5 220.38671875 m 522.76953125 220.38671875 l s q 0 0 1 rg BT 107.50 221.45 Td (Enterprises Ltd., as borrower) Tj ET Q q 0 0 1 rg BT 200.26 221.45 Td (, ) Tj ET Q q 0 0 1 rg BT 204.12 221.45 Td (T) Tj ET Q q 0 0 1 rg BT 208.72 221.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 222.57 221.45 Td (W) Tj ET Q q 0 0 1 rg BT 229.48 221.45 Td (arner Inc., as guarantor) Tj ET Q q 0 0 1 rg BT 303.13 221.45 Td (, BNP) Tj ET Q q 0 0 1 rg BT 322.39 221.45 Td ( Paribas, as administrative agent, and the lenders party thereto ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107.5 212.38671875 m 471.75390625 212.38671875 l s q 0 0 1 rg BT 107.50 213.45 Td (\(incorporated by reference to Exhibit 10.1 to the Company's Current Report in Form 8-K filed on ) Tj ET Q q 0 0 1 rg BT 420.20 213.45 Td (April 26, 2018\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 190.45 Td (10.54*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107.5 189.38671875 m 545.41015625 189.38671875 l s q 0 0 1 rg BT 107.50 190.45 Td (Second ) Tj ET Q q 0 0 1 rg BT 132.61 190.45 Td (Amendment, dated as of ) Tj ET Q q 0 0 1 rg BT 212.37 190.45 Td (April 25, 2018, to the Credit ) Tj ET Q q 0 0 1 rg BT 304.80 190.45 Td (Agreement dated as of February 19, 2016, among CME Media Enterprises ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107.5 181.38671875 m 550.0859375 181.38671875 l s q 0 0 1 rg BT 107.50 182.45 Td (B.V) Tj ET Q q 0 0 1 rg BT 119.58 182.45 Td (., as borrower) Tj ET Q q 0 0 1 rg BT 163.25 182.45 Td (, Central European Media Enterprises Ltd., as guarantor) Tj ET Q q 0 0 1 rg BT 341.98 182.45 Td (, ) Tj ET Q q 0 0 1 rg BT 345.83 182.45 Td (T) Tj ET Q q 0 0 1 rg BT 350.44 182.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 364.29 182.45 Td (W) Tj ET Q q 0 0 1 rg BT 371.20 182.45 Td (arner Inc., as guarantor) Tj ET Q q 0 0 1 rg BT 444.84 182.45 Td (, BNP) Tj ET Q q 0 0 1 rg BT 464.11 182.45 Td ( Paribas, as administrative ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107.5 173.38671875 m 553.48828125 173.38671875 l s q 0 0 1 rg BT 107.50 174.45 Td (agent, and the lenders party thereto \(incorporated by reference to Exhibit 10.2 to the Company's Current Report in Form 8-K filed on ) Tj ET Q q 0 0 1 rg BT 534.60 174.45 Td (April ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107.5 165.38671875 m 140.1640625 165.38671875 l s q 0 0 1 rg BT 107.50 166.45 Td (26, 2018\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 143.45 Td (10.55*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107.5 142.38671875 m 553.15625 142.38671875 l s q 0 0 1 rg BT 107.50 143.45 Td (Amendment and Restatement ) Tj ET Q q 0 0 1 rg BT 203.70 143.45 Td (Agreement, dated ) Tj ET Q q 0 0 1 rg BT 262.12 143.45 Td (April 25, 2018, in respect of the ) Tj ET Q q 0 0 1 rg BT 365.88 143.45 Td (Amended and Restated Reimbursement ) Tj ET Q q 0 0 1 rg BT 494.29 143.45 Td (Agreement, dated ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107.5 134.38671875 m 553.8125 134.38671875 l s q 0 0 1 rg BT 107.50 135.45 Td (as of November 14, 2014, as amended and restated as of February 19, 2016, as amended, among Central European Media Enterprises Ltd., ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107.5 126.38671875 m 534.5625 126.38671875 l s q 0 0 1 rg BT 107.50 127.45 Td (CME Media Enterprises B.V) Tj ET Q q 0 0 1 rg BT 199.34 127.45 Td (., and ) Tj ET Q q 0 0 1 rg BT 218.75 127.45 Td (T) Tj ET Q q 0 0 1 rg BT 223.36 127.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 237.21 127.45 Td (W) Tj ET Q q 0 0 1 rg BT 244.12 127.45 Td (arner Inc., as credit guarantor \(incorporated by reference to Exhibit 10.3 to the Company's ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107.5 118.38671875 m 277.48046875 118.38671875 l s q 0 0 1 rg BT 107.50 119.45 Td (Current Report in Form 8-K filed on ) Tj ET Q q 0 0 1 rg BT 225.93 119.45 Td (April 26, 2018\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 96.45 Td (10.56*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 95.38671875 m 544.15234375 95.38671875 l s q 0 0 1 rg BT 106.50 96.45 Td (Second ) Tj ET Q q 0 0 1 rg BT 131.61 96.45 Td (Amended and Restated Reimbursement ) Tj ET Q q 0 0 1 rg BT 260.02 96.45 Td (Agreement, dated as of November 14, 2014, as amended and restated as of February 19, ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 87.38671875 m 550.82421875 87.38671875 l s q 0 0 1 rg BT 106.50 88.45 Td (2016, and as further amended and restated as of ) Tj ET Q q 0 0 1 rg BT 260.67 88.45 Td (April 26, 2018, among Central European Media Enterprises Ltd., CME Media Enterprises ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 79.38671875 m 546.01171875 79.38671875 l s q 0 0 1 rg BT 106.50 80.45 Td (B.V) Tj ET Q q 0 0 1 rg BT 118.58 80.45 Td (., and ) Tj ET Q q 0 0 1 rg BT 137.99 80.45 Td (T) Tj ET Q q 0 0 1 rg BT 142.59 80.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 156.45 80.45 Td (W) Tj ET Q q 0 0 1 rg BT 163.36 80.45 Td (arner Inc., as credit guarantor \(incorporated by reference to Exhibit 10.4 to the Company's Current Report in Form 8-K ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 71.38671875 m 184.26953125 71.38671875 l s q 0 0 1 rg BT 106.50 72.45 Td (filed on ) Tj ET Q q 0 0 1 rg BT 132.72 72.45 Td (April 26, 2018\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 169 0 obj <>] /Rotate 0 /Contents 170 0 R>> endobj 170 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (81) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 52.5 718.68671875 m 76.0546875 718.68671875 l s q 0 0 0 rg BT 52.50 719.75 Td (Exhibit) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 52.5 710.68671875 m 78.71484375 710.68671875 l s q 0 0 0 rg BT 52.50 711.75 Td (Number) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 710.68671875 m 143.82421875 710.68671875 l s q 0 0 0 rg BT 106.50 711.75 Td (Description) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 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rg BT 52.50 699.45 Td (10.57*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 698.38671875 m 543.28515625 698.38671875 l s q 0 0 1 rg BT 106.50 699.45 Td (Amendment and Restatement ) Tj ET Q q 0 0 1 rg BT 202.70 699.45 Td (Agreement, dated ) Tj ET Q q 0 0 1 rg BT 261.12 699.45 Td (April 25, 2018, in respect of the ) Tj ET Q q 0 0 1 rg BT 364.88 699.45 Td (Amended and Restated Revolving Loan Facility Credit ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 690.38671875 m 533.4765625 690.38671875 l s q 0 0 1 rg BT 106.50 691.45 Td (Agreement, dated as of May 2, 2014, as amended and restated as of February 19, 2016, as amended, among Central European Media ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 682.38671875 m 554.5703125 682.38671875 l s q 0 0 1 rg BT 106.50 683.45 Td (Enterprises Ltd., as borrower) Tj ET Q q 0 0 1 rg BT 199.26 683.45 Td (, ) Tj ET Q q 0 0 1 rg BT 203.12 683.45 Td (T) Tj ET Q q 0 0 1 rg BT 207.72 683.45 Td (ime ) Tj ET Q q 0 0 1 rg BT 221.57 683.45 Td (W) Tj ET Q q 0 0 1 rg BT 228.48 683.45 Td (arner Inc., as administrative agent, and the lenders party thereto \(incorporated by reference to Exhibit ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 674.38671875 m 350.140625 674.38671875 l s q 0 0 1 rg BT 106.50 675.45 Td (10.5 to the Company's Current Report in Form 8-K filed on ) Tj ET Q q 0 0 1 rg BT 298.59 675.45 Td (April 26, 2018\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 652.45 Td (10.58*) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 651.38671875 m 558.6015625 651.38671875 l s q 0 0 1 rg BT 106.50 652.45 Td (Second ) Tj ET Q q 0 0 1 rg BT 131.61 652.45 Td (Amended and Restated Revolving Loan Facility Credit ) Tj ET Q q 0 0 1 rg BT 309.57 652.45 Td (Agreement, dated as of May 2, 2014, as amended and restated as of February ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 643.38671875 m 543.18359375 643.38671875 l s q 0 0 1 rg BT 106.50 644.45 Td (19, 2016, and as further amended and restated as of ) Tj ET Q q 0 0 1 rg BT 272.67 644.45 Td (April 26, 2018, among Central European Media Enterprises Ltd., as borrower) Tj ET Q q 0 0 1 rg BT 520.73 644.45 Td (, ) Tj ET Q q 0 0 1 rg BT 524.58 644.45 Td (T) Tj ET Q q 0 0 1 rg BT 529.19 644.45 Td (ime ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 635.38671875 m 539.59375 635.38671875 l s q 0 0 1 rg BT 106.50 636.45 Td (W) Tj ET Q q 0 0 1 rg BT 113.41 636.45 Td (arner Inc., as administrative agent, and the lenders party thereto \(incorporated by reference to Exhibit 10.6 to the Company's Current ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 627.38671875 m 250.04296875 627.38671875 l s q 0 0 1 rg BT 106.50 628.45 Td (Report in Form 8-K filed on ) Tj ET Q q 0 0 1 rg BT 198.49 628.45 Td (April 26, 2018\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 605.45 Td (10.59*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 604.38671875 m 546.59765625 604.38671875 l s q 0 0 1 rg BT 106.50 605.45 Td (Amended and Restated Contract of Employment between CME Media Services Limited and Michael Del Nin, dated December 21, 2017 ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 596.38671875 m 487.17578125 596.38671875 l s q 0 0 1 rg BT 106.50 597.45 Td (\(incorporated by reference to Exhibit 10.1 to the Company's Current Report in Form 8-K filed on December 22, 2017\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 574.45 Td (10.60*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 573.38671875 m 557.9453125 573.38671875 l s q 0 0 1 rg BT 106.50 574.45 Td (Amended and Restated Contract of Employment between CME Media Services Limited and Christoph Mainusch, dated December 21, 2017 ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 565.38671875 m 487.17578125 565.38671875 l s q 0 0 1 rg BT 106.50 566.45 Td (\(incorporated by reference to Exhibit 10.2 to the Company's Current Report in Form 8-K filed on December 22, 2017\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 543.45 Td (10.61*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 542.38671875 m 532.16015625 542.38671875 l s q 0 0 1 rg BT 106.50 543.45 Td (Amended and Restated Contract of Employment between CME Media Services Limited and Daniel Penn, dated December 21, 2017 ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 534.38671875 m 487.17578125 534.38671875 l s q 0 0 1 rg BT 106.50 535.45 Td (\(incorporated by reference to Exhibit 10.3 to the Company's Current Report in Form 8-K filed on December 22, 2017\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 512.45 Td (10.62*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 511.38671875 m 543.12890625 511.38671875 l s q 0 0 1 rg BT 106.50 512.45 Td (Amended and Restated Contract of Employment between CME Media Services Limited and David Stur) Tj ET Q q 0 0 1 rg BT 439.39 512.45 Td (geon, dated December 21, 2017 ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 503.38671875 m 487.17578125 503.38671875 l s q 0 0 1 rg BT 106.50 504.45 Td (\(incorporated by reference to Exhibit 10.4 to the Company's Current Report in Form 8-K filed on December 22, 2017\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 481.45 Td (10.63*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 480.38671875 m 559.94140625 480.38671875 l s q 0 0 1 rg BT 106.50 481.45 Td (Amended and Restated Contract of Employment between CME Media Services Limited and ) Tj ET Q q 0 0 1 rg BT 404.20 481.45 Td (Adrian Sarbu, dated ) Tj ET Q q 0 0 1 rg BT 469.96 481.45 Td (April 4, 2013 \(incorporated ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 472.38671875 m 516.9453125 472.38671875 l s q 0 0 1 rg BT 106.50 473.45 Td (by reference to Exhibit 10.01 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2013\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 450.45 Td (10.64*+) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 449.38671875 m 535.70703125 449.38671875 l s q 0 0 1 rg BT 106.50 450.45 Td (Separation ) Tj ET Q q 0 0 1 rg BT 142.27 450.45 Td (Agreement between CME Media Services Limited and ) Tj ET Q q 0 0 1 rg BT 319.77 450.45 Td (Adrian Sarbu, dated ) Tj ET Q q 0 0 1 rg BT 385.54 450.45 Td (August 21, 2013 \(incorporated by reference to ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 441.38671875 m 381.921875 441.38671875 l s q 0 0 1 rg BT 106.50 442.45 Td (Exhibit 10.1 to the Company's Current Report in Form 8-K filed on ) Tj ET Q q 0 0 1 rg BT 324.14 442.45 Td (August 21, 2013\).) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 419.45 Td (21.01) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 418.38671875 m 169.3828125 418.38671875 l s q 0 0 1 rg BT 106.50 419.45 Td (List of subsidiaries.) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 396.45 Td (23.01) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 395.38671875 m 208.51171875 395.38671875 l s q 0 0 1 rg BT 106.50 396.45 Td (Consent of Ernst & ) Tj ET Q q 0 0 1 rg BT 170.20 396.45 Td (Y) Tj ET Q q 0 0 1 rg BT 175.18 396.45 Td (oung LLP) Tj ET Q q 0 0 1 rg BT 206.51 396.45 Td (.) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 373.45 Td (24.01) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 372.38671875 m 262.61328125 372.38671875 l s q 0 0 1 rg BT 106.50 373.45 Td (Power of ) Tj ET Q q 0 0 1 rg BT 137.16 373.45 Td (Attorney) Tj ET Q q 0 0 1 rg BT 165.08 373.45 Td (, dated as of February 6, 2019.) 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Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 319.45 Td (31.02) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.50 319.45 Td () Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 318.38671875 m 558.21484375 318.38671875 l s q 0 0 1 rg BT 106.50 319.45 Td (Certification of co-Principal Executive Of) Tj ET Q q 0 0 1 rg BT 240.97 319.45 Td (ficer pursuant to Exchange ) Tj ET Q q 0 0 1 rg BT 328.50 319.45 Td (Act Rules 13a-14\(a\) and 15d-14\(a\), as adopted pursuant to Section 302 ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 310.38671875 m 219.8046875 310.38671875 l s q 0 0 1 rg BT 106.50 311.45 Td (of the Sarbanes-Oxley ) Tj ET Q q 0 0 1 rg BT 179.59 311.45 Td (Act of 2002.) 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Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 257.45 Td (32.01) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.50 257.45 Td () Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 256.38671875 m 556.09765625 256.38671875 l s q 0 0 1 rg BT 106.50 257.45 Td (Certifications of co-Principal Executive Of) Tj ET Q q 0 0 1 rg BT 244.09 257.45 Td (ficers and Principal Financial Of) Tj ET Q q 0 0 1 rg BT 348.35 257.45 Td (ficer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to ) Tj ET Q BT /F1 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 106.5 248.38671875 m 313.56640625 248.38671875 l s q 0 0 1 rg BT 106.50 249.45 Td (Section 906 of the Sarbanes-Oxley ) Tj ET Q q 0 0 1 rg BT 219.59 249.45 Td (Act of 2002 \(furnished only\).) 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Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.50 658.38 Td (Central Eur) Tj ET Q q 0 0 0 rg BT 360.91 658.38 Td (opean Media Enterprises Ltd.) 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(ged to costs and expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 565.55 Td (1,913) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 565.55 Td (6,242) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 552.55 Td (Deductions ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 89.94 556.18 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.10 552.55 Td (\(1,886) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 552.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 552.55 Td (471) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 539.55 Td (Foreign exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 539.55 Td (1,180) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 539.55 Td (15,844) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 526.53 Td (BALANCE December) Tj ET Q q 0 0 0 rg BT 127.19 526.53 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 526.53 Td (10,436) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 526.53 Td (133,477) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 513.55 Td (Char) Tj ET Q q 0 0 0 rg BT 66.98 513.55 Td (ged to costs and expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.80 513.55 Td (81) Tj ET Q q 0 0 0 rg BT 460.80 513.55 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 513.55 Td (\(26,042) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 513.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 500.55 Td (Deductions ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 89.94 504.18 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.10 500.55 Td (\(1,079) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 500.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 500.55 Td (1,260) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 487.55 Td (Foreign exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.10 487.55 Td (\(471) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 487.55 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 487.55 Td (\(5,569) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 487.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 474.53 Td (BALANCE December) Tj ET Q q 0 0 0 rg BT 127.12 474.53 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 474.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 474.53 Td (9,697) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 474.53 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 474.53 Td (103,126) Tj ET Q BT /F1 8.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 461.82 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 458.20 Td (Char) Tj ET Q q 0 0 0 rg BT 82.91 458.20 Td (ged to other accounts for the bad debt and credit note provision consist primarily of accounts receivable written of) Tj ET Q q 0 0 0 rg BT 447.98 458.20 Td (f.) Tj ET Q endstream endobj 177 0 obj <> endobj 178 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (1) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 517.55 740.348046875 m 562.45234375 740.348046875 l s q 0 0 0 rg BT 517.55 741.60 Td (Exhibit 10.1) Tj ET Q q 0 0 0 rg BT 558.45 741.60 Td (1) Tj ET Q 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 1 J 1 j 3 M 49.5 731.6 m 562.5 731.6 l s BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 720.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.60 710.40 Td (Central Eur) Tj ET Q q 0 0 0 rg BT 388.01 710.40 Td (opean Media Enterprises Ltd. Stock Incentive Plan ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.15 700.80 Td (Form of Employee PRSU ) Tj ET Q q 0 0 0 rg BT 421.14 700.80 Td (Agr) Tj ET Q q 0 0 0 rg BT 434.32 700.80 Td (eement \(for) Tj ET Q q 0 0 0 rg BT 473.49 700.80 Td ( use fr) Tj ET Q q 0 0 0 rg BT 494.67 700.80 Td (om December) Tj ET Q q 0 0 0 rg BT 541.83 700.80 Td ( 2018\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 662.40 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 662.40 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 662.40 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 662.40 Td (TD.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.75 652.80 Td (RESTRICTED ST) Tj ET Q q 0 0 0 rg BT 275.41 652.80 Td (OCK UNIT) Tj ET Q q 0 0 0 rg BT 315.49 652.80 Td ( ) Tj ET Q q 0 0 0 rg BT 317.05 652.80 Td (A) Tj ET Q q 0 0 0 rg BT 321.94 652.80 Td (W) Tj ET Q q 0 0 0 rg BT 329.05 652.80 Td (ARD ) Tj ET Q q 0 0 0 rg BT 347.94 652.80 Td (AGREEMENT) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.15 643.20 Td (\(PERFORMANCE-BASED ) Tj ET Q q 0 0 0 rg BT 335.11 643.20 Td (VESTING\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 614.40 Td (This ) Tj ET Q q 0 0 0 rg BT 66.42 614.40 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 101.56 614.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 122.48 614.40 Td (Unit ) Tj ET Q q 0 0 0 rg BT 138.81 614.40 Td (A) Tj ET Q q 0 0 0 rg BT 143.85 614.40 Td (ward ) Tj ET Q q 0 0 0 rg BT 161.95 614.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 200.19 614.40 Td (\(including ) Tj ET Q q 0 0 0 rg BT 235.77 614.40 Td (the ) Tj ET Q q 0 0 0 rg BT 248.24 614.40 Td (annexes ) Tj ET Q q 0 0 0 rg BT 276.71 614.40 Td (attached ) Tj ET Q q 0 0 0 rg BT 306.06 614.40 Td (hereto, ) Tj ET Q q 0 0 0 rg BT 330.75 614.40 Td (the ) Tj ET Q q 0 0 0 rg BT 343.22 614.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.77 614.40 Td (Agr) Tj ET Q q 0 0 0 rg BT 359.95 614.40 Td (eement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.38 614.40 Td (\) ) Tj ET Q q 0 0 0 rg BT 393.30 614.40 Td (dated ) Tj ET Q q 0 0 0 rg BT 413.32 614.40 Td (as ) Tj ET Q q 0 0 0 rg BT 422.69 614.40 Td (of ) Tj ET Q q 0 0 0 rg BT 432.05 614.40 Td ([) Tj ET Q /GS0 gs q 5.00 0 0 8.27 434.71 612.67 cm /I29 Do Q q 0 0 0 rg BT 439.71 614.40 Td (] ) Tj ET Q q 0 0 0 rg BT 445.08 614.40 Td (is ) Tj ET Q q 0 0 0 rg BT 453.12 614.40 Td (between ) Tj ET Q q 0 0 0 rg BT 482.47 614.40 Td (Central ) Tj ET Q q 0 0 0 rg BT 508.71 614.40 Td (European ) Tj ET Q q 0 0 0 rg BT 542.07 614.40 Td (Media ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 604.80 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 87.49 604.80 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 102.60 604.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 117.04 604.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 120.59 604.80 Td (Company) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 153.93 604.80 Td (\) ) Tj ET Q q 0 0 0 rg BT 162.14 604.80 Td (and ) Tj ET Q q 0 0 0 rg BT 175.69 604.80 Td ([) Tj ET Q /GS0 gs q 5.00 0 0 8.27 178.36 603.07 cm /I30 Do Q q 0 0 0 rg BT 183.36 604.80 Td (] ) Tj ET Q q 0 0 0 rg BT 188.02 604.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 202.46 604.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.01 604.80 Td (Grantee) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.00 604.80 Td (\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 585.60 Td (Whereas, ) Tj ET Q q 0 0 0 rg BT 81.45 585.60 Td (the ) Tj ET Q q 0 0 0 rg BT 93.19 585.60 Td (Company) Tj ET Q q 0 0 0 rg BT 126.52 585.60 Td (s ) Tj ET Q q 0 0 0 rg BT 131.60 585.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 149.56 585.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 169.75 585.60 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 201.48 585.60 Td (Plan ) Tj ET Q q 0 0 0 rg BT 217.67 585.60 Td (\(as ) Tj ET Q q 0 0 0 rg BT 228.96 585.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.70 585.60 Td (same ) Tj ET Q q 0 0 0 rg BT 259.10 585.60 Td (may ) Tj ET Q q 0 0 0 rg BT 274.84 585.60 Td (be ) Tj ET Q q 0 0 0 rg BT 284.36 585.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 315.20 585.60 Td (and ) Tj ET Q q 0 0 0 rg BT 328.72 585.60 Td (restated ) Tj ET Q q 0 0 0 rg BT 355.56 585.60 Td (from ) Tj ET Q q 0 0 0 rg BT 373.07 585.60 Td (time ) Tj ET Q q 0 0 0 rg BT 389.26 585.60 Td (to ) Tj ET Q q 0 0 0 rg BT 397.45 585.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 415.63 585.60 Td (the ) Tj ET Q q 0 0 0 rg BT 427.37 585.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.92 585.60 Td (Plan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.48 585.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 454.66 585.60 Td (is ) Tj ET Q q 0 0 0 rg BT 461.96 585.60 Td (administered ) Tj ET Q q 0 0 0 rg BT 505.25 585.60 Td (by ) Tj ET Q q 0 0 0 rg BT 515.21 585.60 Td (the ) Tj ET Q q 0 0 0 rg BT 526.95 585.60 Td (Committee ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 576.00 Td (and ) Tj ET Q q 0 0 0 rg BT 62.95 576.00 Td (the ) Tj ET Q q 0 0 0 rg BT 74.63 576.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 112.08 576.00 Td (has ) Tj ET Q q 0 0 0 rg BT 124.64 576.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 162.53 576.00 Td (that ) Tj ET Q q 0 0 0 rg BT 176.43 576.00 Td (it ) Tj ET Q q 0 0 0 rg BT 182.77 576.00 Td (would ) Tj ET Q q 0 0 0 rg BT 204.68 576.00 Td (be ) Tj ET Q q 0 0 0 rg BT 214.13 576.00 Td (in ) Tj ET Q q 0 0 0 rg BT 222.25 576.00 Td (the ) Tj ET Q q 0 0 0 rg BT 233.93 576.00 Td (best ) Tj ET Q q 0 0 0 rg BT 248.71 576.00 Td (interests ) Tj ET Q q 0 0 0 rg BT 277.28 576.00 Td (of ) Tj ET Q q 0 0 0 rg BT 285.84 576.00 Td (the ) Tj ET Q q 0 0 0 rg BT 297.52 576.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 330.53 576.00 Td (to ) Tj ET Q q 0 0 0 rg BT 338.65 576.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 356.99 576.00 Td (an ) Tj ET Q q 0 0 0 rg BT 366.44 576.00 Td (award ) Tj ET Q q 0 0 0 rg BT 387.89 576.00 Td (of ) Tj ET Q q 0 0 0 rg BT 396.45 576.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 428.12 576.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 446.90 576.00 Td (units ) Tj ET Q q 0 0 0 rg BT 464.36 576.00 Td (to ) Tj ET Q q 0 0 0 rg BT 472.49 576.00 Td (the ) Tj ET Q q 0 0 0 rg BT 484.16 576.00 Td (Grantee, ) Tj ET Q q 0 0 0 rg BT 513.38 576.00 Td (an ) Tj ET Q q 0 0 0 rg BT 522.83 576.00 Td (employee ) Tj ET Q q 0 0 0 rg BT 555.83 576.00 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 566.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 566.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 94.38 566.40 Td (or ) Tj ET Q q 0 0 0 rg BT 103.05 566.40 Td (its ) Tj ET Q q 0 0 0 rg BT 112.16 566.40 Td (Af) Tj ET Q q 0 0 0 rg BT 120.46 566.40 Td (filiate.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 547.20 Td (NOW) Tj ET Q q 0 0 0 rg BT 67.87 547.20 Td (, ) Tj ET Q q 0 0 0 rg BT 71.73 547.20 Td (THEREFORE, ) Tj ET Q q 0 0 0 rg BT 121.95 547.20 Td (the ) Tj ET Q q 0 0 0 rg BT 133.72 547.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 166.83 547.20 Td (and ) Tj ET Q q 0 0 0 rg BT 180.38 547.20 Td (the ) Tj ET Q q 0 0 0 rg BT 192.16 547.20 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 219.47 547.20 Td (agree ) Tj ET Q q 0 0 0 rg BT 238.79 547.20 Td (as ) Tj ET Q q 0 0 0 rg BT 247.45 547.20 Td (follows:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 528.00 Td (1. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 85.5 526.748046875 m 139.66259765625 526.748046875 l s q 0 0 0 rg BT 85.50 528.00 Td (Grant ) Tj ET Q q 0 0 0 rg BT 108.44 528.00 Td (of ) Tj ET Q q 0 0 0 rg BT 116.70 528.00 Td (A) Tj ET Q q 0 0 0 rg BT 121.89 528.00 Td (ward) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 139.66 528.00 Td (. ) Tj ET Q q 0 0 0 rg BT 143.71 528.00 Td ( ) Tj ET Q q 0 0 0 rg BT 145.62 528.00 Td (The ) Tj ET Q q 0 0 0 rg BT 160.11 528.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 193.27 528.00 Td (hereby ) Tj ET Q q 0 0 0 rg BT 217.09 528.00 Td (grants ) Tj ET Q q 0 0 0 rg BT 238.69 528.00 Td (to ) Tj ET Q q 0 0 0 rg BT 246.96 528.00 Td (the ) Tj ET Q q 0 0 0 rg BT 258.79 528.00 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 286.16 528.00 Td (as ) Tj ET Q q 0 0 0 rg BT 294.87 528.00 Td (of ) Tj ET Q q 0 0 0 rg BT 303.59 528.00 Td (the ) Tj ET Q q 0 0 0 rg BT 315.41 528.00 Td (date ) Tj ET Q q 0 0 0 rg BT 330.79 528.00 Td (hereof, ) Tj ET Q q 0 0 0 rg BT 355.27 528.00 Td (in ) Tj ET Q q 0 0 0 rg BT 363.54 528.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 401.56 528.00 Td (with ) Tj ET Q q 0 0 0 rg BT 417.84 528.00 Td (the ) Tj ET Q q 0 0 0 rg BT 429.66 528.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 449.49 528.00 Td (of ) Tj ET Q q 0 0 0 rg BT 458.21 528.00 Td (the ) Tj ET Q q 0 0 0 rg BT 470.03 528.00 Td (Plan ) Tj ET Q q 0 0 0 rg BT 486.31 528.00 Td (and ) Tj 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8.00 Tf ET /GS0 gs q 5.00 0 0 8.27 337.62 516.67 cm /I31 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.62 518.40 Td (] ) Tj ET Q q 0 0 0 rg BT 347.36 518.40 Td (restricted ) Tj ET Q q 0 0 0 rg BT 379.20 518.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 398.17 518.40 Td (units ) Tj ET Q q 0 0 0 rg BT 415.81 518.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 430.32 518.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.87 518.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 480.37 518.40 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 517.54 518.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 538.74 518.40 Td (Units) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.96 518.40 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 508.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 508.80 Td (PRSUs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.05 508.80 Td ( ) Tj ET Q q 0 0 0 rg BT 118.74 508.80 Td (or ) Tj ET Q q 0 0 0 rg BT 127.54 508.80 Td (the ) Tj ET Q q 0 0 0 rg BT 139.45 508.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 143.00 508.80 Td (A) Tj ET Q q 0 0 0 rg BT 148.19 508.80 Td (ward) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 165.96 508.80 Td (\). ) Tj ET Q q 0 0 0 rg BT 176.32 508.80 Td (Subject ) Tj ET Q q 0 0 0 rg BT 202.45 508.80 Td (to ) Tj ET Q q 0 0 0 rg BT 210.81 508.80 Td (the ) Tj ET Q q 0 0 0 rg BT 222.72 508.80 Td (provisions ) Tj ET Q q 0 0 0 rg BT 258.19 508.80 Td (of ) Tj ET Q q 0 0 0 rg BT 266.99 508.80 Td (this ) Tj ET Q q 0 0 0 rg BT 280.22 508.80 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 319.89 508.80 Td (the ) Tj ET Q q 0 0 0 rg BT 331.80 508.80 Td (total ) Tj ET Q q 0 0 0 rg BT 348.16 508.80 Td (number ) Tj ET Q q 0 0 0 rg BT 374.73 508.80 Td (of ) Tj ET Q q 0 0 0 rg BT 383.53 508.80 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 408.79 508.80 Td (that ) Tj ET Q q 0 0 0 rg BT 422.93 508.80 Td (will ) Tj ET Q q 0 0 0 rg BT 437.51 508.80 Td (vest ) Tj ET Q q 0 0 0 rg BT 452.53 508.80 Td (as ) Tj ET Q q 0 0 0 rg BT 461.33 508.80 Td (of ) Tj ET Q q 0 0 0 rg BT 470.13 508.80 Td (any ) Tj ET Q q 0 0 0 rg BT 483.67 508.80 Td (V) Tj ET Q q 0 0 0 rg BT 488.56 508.80 Td (esting ) Tj ET Q q 0 0 0 rg BT 509.80 508.80 Td (Date ) Tj ET Q q 0 0 0 rg BT 527.04 508.80 Td (\(as ) Tj ET Q q 0 0 0 rg BT 538.51 508.80 Td (defined ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 499.20 Td (in ) Tj ET Q q 0 0 0 rg BT 93.30 499.20 Td (Annex ) Tj ET Q q 0 0 0 rg BT 116.20 499.20 Td (A\) ) Tj ET Q q 0 0 0 rg BT 126.66 499.20 Td (will ) Tj ET Q q 0 0 0 rg BT 141.12 499.20 Td (be ) Tj ET Q q 0 0 0 rg BT 150.69 499.20 Td (determined ) Tj ET Q q 0 0 0 rg BT 188.70 499.20 Td (in ) Tj ET Q q 0 0 0 rg BT 196.94 499.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 234.93 499.20 Td (with ) Tj ET Q q 0 0 0 rg BT 251.17 499.20 Td (the ) Tj ET Q q 0 0 0 rg BT 262.96 499.20 Td (provisions ) Tj ET Q q 0 0 0 rg BT 298.32 499.20 Td (of ) Tj ET Q q 0 0 0 rg BT 306.56 499.20 Td (Annex ) Tj ET Q q 0 0 0 rg BT 329.46 499.20 Td (A) Tj ET Q q 0 0 0 rg BT 334.79 499.20 Td ( ) Tj ET Q q 0 0 0 rg BT 336.81 499.20 Td (and ) Tj ET Q q 0 0 0 rg BT 350.38 499.20 Td (is ) Tj ET Q q 0 0 0 rg BT 357.74 499.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 382.42 499.20 Td (to ) Tj ET Q q 0 0 0 rg BT 390.66 499.20 Td (the ) Tj ET Q q 0 0 0 rg BT 402.46 499.20 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 440.91 499.20 Td (of ) Tj ET Q q 0 0 0 rg BT 449.59 499.20 Td (the ) Tj ET Q q 0 0 0 rg BT 461.38 499.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 503.82 499.20 Td (vesting ) Tj ET Q q 0 0 0 rg BT 528.95 499.20 Td (criteria ) Tj ET Q q 0 0 0 rg BT 553.62 499.20 Td (set ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 489.60 Td (out ) Tj ET Q q 0 0 0 rg BT 97.98 489.60 Td (in ) Tj ET Q q 0 0 0 rg BT 105.96 489.60 Td (Annex ) Tj ET Q q 0 0 0 rg BT 129.05 489.60 Td (A) Tj ET Q q 0 0 0 rg BT 134.39 489.60 Td ( ) Tj ET Q q 0 0 0 rg BT 136.64 489.60 Td (hereto ) Tj ET Q q 0 0 0 rg BT 158.89 489.60 Td (and ) Tj ET Q q 0 0 0 rg BT 172.70 489.60 Td (Grantee) Tj ET Q q 0 0 0 rg BT 200.24 489.60 Td (s ) Tj ET Q q 0 0 0 rg BT 205.61 489.60 Td (continuous ) Tj ET Q q 0 0 0 rg BT 242.98 489.60 Td (employment ) Tj ET Q q 0 0 0 rg BT 285.23 489.60 Td (with ) Tj ET Q q 0 0 0 rg BT 301.71 489.60 Td (the ) Tj ET Q q 0 0 0 rg BT 313.74 489.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 347.10 489.60 Td (or ) Tj ET Q q 0 0 0 rg BT 356.03 489.60 Td (any ) Tj ET Q q 0 0 0 rg BT 369.83 489.60 Td (of ) Tj ET Q q 0 0 0 rg BT 378.76 489.60 Td (its ) Tj ET Q q 0 0 0 rg BT 388.57 489.60 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 429.94 489.60 Td (\() Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.16 489.60 Td (Service) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.03 489.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 469.50 489.60 Td (from ) Tj ET Q q 0 0 0 rg BT 487.31 489.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.34 489.60 Td (date ) Tj ET Q q 0 0 0 rg BT 514.92 489.60 Td (hereof ) Tj ET Q q 0 0 0 rg BT 537.61 489.60 Td (through ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 480.00 Td (the ) Tj ET Q q 0 0 0 rg BT 97.27 480.00 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 144.89 480.00 Td (V) Tj ET Q q 0 0 0 rg BT 149.79 480.00 Td (esting ) Tj ET Q q 0 0 0 rg BT 170.89 480.00 Td (Date. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 460.80 Td (Each ) Tj ET Q q 0 0 0 rg BT 104.09 460.80 Td (Performance ) Tj ET Q q 0 0 0 rg BT 147.56 460.80 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 182.60 460.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 203.43 460.80 Td (Unit ) Tj ET Q q 0 0 0 rg BT 220.25 460.80 Td (represents ) Tj ET Q q 0 0 0 rg BT 255.29 460.80 Td (a ) Tj ET Q q 0 0 0 rg BT 261.44 460.80 Td (right ) Tj ET Q q 0 0 0 rg BT 279.15 460.80 Td (to ) Tj ET Q q 0 0 0 rg BT 287.98 460.80 Td (receive ) Tj ET Q q 0 0 0 rg BT 313.67 460.80 Td (one ) Tj ET Q q 0 0 0 rg BT 327.83 460.80 Td (share ) Tj ET Q q 0 0 0 rg BT 347.31 460.80 Td (of ) Tj ET Q q 0 0 0 rg BT 356.58 460.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 375.94 460.80 Td (A) Tj ET Q q 0 0 0 rg BT 381.28 460.80 Td ( ) Tj ET Q q 0 0 0 rg BT 383.88 460.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 416.27 460.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 437.09 460.80 Td (of ) Tj ET Q q 0 0 0 rg BT 446.36 460.80 Td (the ) Tj ET Q q 0 0 0 rg BT 458.74 460.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 492.45 460.80 Td (for ) Tj ET Q q 0 0 0 rg BT 504.38 460.80 Td (each ) Tj ET Q q 0 0 0 rg BT 521.64 460.80 Td (Performance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 451.20 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 119.92 451.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 140.13 451.20 Td (Unit ) Tj ET Q q 0 0 0 rg BT 156.33 451.20 Td (that ) Tj ET Q q 0 0 0 rg BT 170.31 451.20 Td (vests ) Tj ET Q q 0 0 0 rg BT 188.30 451.20 Td (in ) Tj ET Q q 0 0 0 rg BT 196.50 451.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 234.46 451.20 Td (with ) Tj ET Q q 0 0 0 rg BT 250.23 451.20 Td (Annex ) Tj ET Q q 0 0 0 rg BT 273.10 451.20 Td (A. ) Tj ET Q q 0 0 0 rg BT 282.86 451.20 Td ( ) Tj ET Q q 0 0 0 rg BT 284.85 451.20 Td (Unless ) Tj ET Q q 0 0 0 rg BT 308.61 451.20 Td (specifically ) Tj ET Q q 0 0 0 rg BT 347.46 451.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 377.89 451.20 Td (for ) Tj ET Q q 0 0 0 rg BT 389.20 451.20 Td (in ) Tj ET Q q 0 0 0 rg BT 397.41 451.20 Td (this ) Tj ET Q q 0 0 0 rg BT 410.51 451.20 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 450.03 451.20 Td (the ) Tj ET Q q 0 0 0 rg BT 461.35 451.20 Td (A) Tj ET Q q 0 0 0 rg BT 466.40 451.20 Td (ward ) Tj ET Q q 0 0 0 rg BT 484.37 451.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 501.47 451.20 Td (be ) Tj ET Q q 0 0 0 rg BT 511.00 451.20 Td (governed ) Tj ET Q q 0 0 0 rg BT 542.75 451.20 Td (by ) Tj ET Q q 0 0 0 rg BT 552.74 451.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 441.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 105.27 441.60 Td (of ) Tj ET Q q 0 0 0 rg BT 113.94 441.60 Td (the ) Tj ET Q q 0 0 0 rg BT 125.71 441.60 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 143.93 441.60 Td (which ) Tj ET Q q 0 0 0 rg BT 165.48 441.60 Td (are ) Tj ET Q q 0 0 0 rg BT 177.25 441.60 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 219.68 441.60 Td (herein ) Tj ET Q q 0 0 0 rg BT 241.66 441.60 Td (by ) Tj ET Q q 0 0 0 rg BT 251.66 441.60 Td (reference. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 420.00 Td (2. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 418.748046875 m 204.26953125 418.748046875 l s q 0 0 0 rg BT 103.50 420.00 Td (Additional ) Tj ET Q q 0 0 0 rg BT 141.81 420.00 Td (V) Tj ET Q q 0 0 0 rg BT 146.86 420.00 Td (esting ) Tj ET Q q 0 0 0 rg BT 168.86 420.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 177.15 420.00 Td (ovisions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.27 420.00 Td (. ) Tj ET Q q 0 0 0 rg BT 208.27 420.00 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 396.00 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.38 396.00 Td ( ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 134.5 394.93359375 m 182.53466796875 394.93359375 l s q 0 0 0 rg BT 134.50 396.00 Td (Right ) Tj ET Q q 0 0 0 rg BT 153.96 396.00 Td (to ) Tj ET Q q 0 0 0 rg BT 161.50 396.00 Td (A) Tj ET Q q 0 0 0 rg BT 166.54 396.00 Td (ward) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.53 396.00 Td (. ) Tj ET Q q 0 0 0 rg BT 186.22 396.00 Td ( ) Tj ET Q q 0 0 0 rg BT 187.78 396.00 Td (The ) Tj ET Q q 0 0 0 rg BT 201.90 396.00 Td (actual ) Tj ET Q q 0 0 0 rg BT 222.68 396.00 Td (vesting ) Tj ET Q q 0 0 0 rg BT 247.48 396.00 Td (of ) Tj ET Q q 0 0 0 rg BT 255.82 396.00 Td (any ) Tj ET Q q 0 0 0 rg BT 269.06 396.00 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 293.87 396.00 Td (will ) Tj ET Q q 0 0 0 rg BT 308.00 396.00 Td (be ) Tj ET Q q 0 0 0 rg BT 317.23 396.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 354.90 396.00 Td (based ) Tj ET Q q 0 0 0 rg BT 374.80 396.00 Td (on ) Tj ET Q q 0 0 0 rg BT 384.48 396.00 Td (the ) Tj ET Q q 0 0 0 rg BT 395.94 396.00 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 434.05 396.00 Td (of ) Tj ET Q q 0 0 0 rg BT 442.40 396.00 Td (the ) Tj ET Q q 0 0 0 rg BT 453.86 396.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 495.96 396.00 Td (vesting ) Tj ET Q q 0 0 0 rg BT 520.75 396.00 Td (requirements ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 386.40 Td (in ) Tj ET Q q 0 0 0 rg BT 142.72 386.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 180.69 386.40 Td (with ) Tj ET Q q 0 0 0 rg BT 196.47 386.40 Td (Annex ) Tj ET Q q 0 0 0 rg BT 219.36 386.40 Td (A) Tj ET Q q 0 0 0 rg BT 224.70 386.40 Td ( ) Tj ET Q q 0 0 0 rg BT 226.70 386.40 Td (and ) Tj ET Q q 0 0 0 rg BT 240.25 386.40 Td (with ) Tj ET Q q 0 0 0 rg BT 256.47 386.40 Td (the ) Tj ET Q q 0 0 0 rg BT 268.24 386.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 303.11 386.40 Td (provisions ) Tj ET Q q 0 0 0 rg BT 338.45 386.40 Td (of ) Tj ET Q q 0 0 0 rg BT 347.11 386.40 Td (the ) Tj ET Q q 0 0 0 rg BT 358.89 386.40 Td (Plan ) Tj ET Q q 0 0 0 rg BT 375.11 386.40 Td (and ) Tj ET Q q 0 0 0 rg BT 388.66 386.40 Td (this ) Tj ET Q q 0 0 0 rg BT 401.78 386.40 Td (Agreement.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 364.80 Td (\(b\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 134.5 363.73359375 m 207.5703125 363.73359375 l s q 0 0 0 rg BT 134.50 364.80 Td (T) Tj ET Q q 0 0 0 rg BT 138.83 364.80 Td (ermination ) Tj ET Q q 0 0 0 rg BT 175.20 364.80 Td (of ) Tj ET Q q 0 0 0 rg BT 183.58 364.80 Td (Service) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.57 364.80 Td (. ) Tj ET Q q 0 0 0 rg BT 211.29 364.80 Td (In ) Tj ET Q q 0 0 0 rg BT 219.67 364.80 Td (the ) Tj ET Q q 0 0 0 rg BT 231.16 364.80 Td (event ) Tj ET Q q 0 0 0 rg BT 250.20 364.80 Td (the ) Tj ET Q q 0 0 0 rg BT 261.69 364.80 Td (Grantee) Tj ET Q q 0 0 0 rg BT 289.23 364.80 Td (s ) Tj ET Q q 0 0 0 rg BT 294.06 364.80 Td (Service ) Tj ET Q q 0 0 0 rg BT 319.76 364.80 Td (ceases ) Tj ET Q q 0 0 0 rg BT 341.91 364.80 Td (for ) Tj ET Q q 0 0 0 rg BT 352.96 364.80 Td (any ) Tj ET Q q 0 0 0 rg BT 366.22 364.80 Td (reason ) Tj ET Q q 0 0 0 rg BT 388.82 364.80 Td (\(other ) Tj ET Q q 0 0 0 rg BT 409.64 364.80 Td (than ) Tj ET Q q 0 0 0 rg BT 425.13 364.80 Td (as ) Tj ET Q q 0 0 0 rg BT 433.51 364.80 Td (provided ) Tj ET Q q 0 0 0 rg BT 463.66 364.80 Td (in ) Tj ET Q q 0 0 0 rg BT 471.60 364.80 Td (Section ) Tj ET Q q 0 0 0 rg BT 497.31 364.80 Td (2\(c\) ) Tj ET Q q 0 0 0 rg BT 511.91 364.80 Td (below ) Tj ET Q q 0 0 0 rg BT 533.18 364.80 Td (or ) Tj ET Q q 0 0 0 rg BT 541.18 364.80 Td (Annex ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 355.20 Td (B\), ) Tj ET Q q 0 0 0 rg BT 146.13 355.20 Td (Performance ) Tj ET Q q 0 0 0 rg BT 188.63 355.20 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 222.70 355.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 242.55 355.20 Td (Units ) Tj ET Q q 0 0 0 rg BT 261.52 355.20 Td (that ) Tj ET Q q 0 0 0 rg BT 275.15 355.20 Td (have ) Tj ET Q q 0 0 0 rg BT 291.88 355.20 Td (not ) Tj ET Q q 0 0 0 rg BT 303.73 355.20 Td (previously ) Tj ET Q q 0 0 0 rg BT 339.14 355.20 Td (vested ) Tj ET Q q 0 0 0 rg BT 361.21 355.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 378.39 355.20 Td (to ) Tj ET Q q 0 0 0 rg BT 386.25 355.20 Td (such ) Tj ET Q q 0 0 0 rg BT 402.54 355.20 Td (cessation ) Tj ET Q q 0 0 0 rg BT 433.50 355.20 Td (of ) Tj ET Q q 0 0 0 rg BT 441.79 355.20 Td (Service ) Tj ET Q q 0 0 0 rg BT 467.41 355.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 484.16 355.20 Td (immediately ) Tj ET Q q 0 0 0 rg BT 525.78 355.20 Td (be ) Tj ET Q q 0 0 0 rg BT 534.96 355.20 Td (forfeited ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 345.60 Td (to ) Tj ET Q q 0 0 0 rg BT 142.41 345.60 Td (the ) Tj ET Q q 0 0 0 rg BT 153.86 345.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 186.66 345.60 Td (without ) Tj ET Q q 0 0 0 rg BT 212.79 345.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 242.02 345.60 Td (of ) Tj ET Q q 0 0 0 rg BT 250.36 345.60 Td (any ) Tj ET Q q 0 0 0 rg BT 263.60 345.60 Td (consideration ) Tj ET Q q 0 0 0 rg BT 308.38 345.60 Td (for ) Tj ET Q q 0 0 0 rg BT 319.39 345.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.85 345.60 Td (Performance ) Tj ET Q q 0 0 0 rg BT 373.40 345.60 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 407.52 345.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 427.42 345.60 Td (Units, ) Tj ET Q q 0 0 0 rg BT 448.44 345.60 Td (and ) Tj ET Q q 0 0 0 rg BT 461.68 345.60 Td (the ) Tj ET Q q 0 0 0 rg BT 473.13 345.60 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 500.13 345.60 Td (will ) Tj ET Q q 0 0 0 rg BT 514.26 345.60 Td (have ) Tj ET Q q 0 0 0 rg BT 531.05 345.60 Td (no ) Tj ET Q q 0 0 0 rg BT 540.73 345.60 Td (further ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 336.00 Td (right, ) Tj ET Q q 0 0 0 rg BT 153.61 336.00 Td (title ) Tj ET Q q 0 0 0 rg BT 168.05 336.00 Td (or ) Tj ET Q q 0 0 0 rg BT 176.71 336.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 202.26 336.00 Td (in ) Tj ET Q q 0 0 0 rg BT 210.48 336.00 Td (or ) Tj ET Q q 0 0 0 rg BT 219.15 336.00 Td (to ) Tj ET Q q 0 0 0 rg BT 227.37 336.00 Td (such ) Tj ET Q q 0 0 0 rg BT 244.04 336.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 286.90 336.00 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 321.34 336.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 341.56 336.00 Td (Units ) Tj ET Q q 0 0 0 rg BT 360.89 336.00 Td (or ) Tj ET Q q 0 0 0 rg BT 369.56 336.00 Td (the ) Tj ET Q q 0 0 0 rg BT 381.33 336.00 Td (underlying ) Tj ET Q q 0 0 0 rg BT 417.99 336.00 Td (shares.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 314.40 Td (\(c\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 134.5 313.33359375 m 194.484375 313.33359375 l s q 0 0 0 rg BT 134.50 314.40 Td (Death ) Tj ET Q q 0 0 0 rg BT 155.06 314.40 Td (or ) Tj ET Q q 0 0 0 rg BT 163.19 314.40 Td (Disability) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.22 314.40 Td (. ) Tj ET Q q 0 0 0 rg BT 197.69 314.40 Td ( ) Tj ET Q q 0 0 0 rg BT 199.15 314.40 Td (In ) Tj ET Q q 0 0 0 rg BT 207.27 314.40 Td (the ) Tj ET Q q 0 0 0 rg BT 218.51 314.40 Td (event ) Tj ET Q q 0 0 0 rg BT 237.30 314.40 Td (the ) Tj ET Q q 0 0 0 rg BT 248.53 314.40 Td (Grantee) Tj ET Q q 0 0 0 rg BT 276.07 314.40 Td (s ) Tj ET Q q 0 0 0 rg BT 280.65 314.40 Td (Service ) Tj ET Q q 0 0 0 rg BT 306.10 314.40 Td (ceases ) Tj ET Q q 0 0 0 rg BT 327.99 314.40 Td (due ) Tj ET Q q 0 0 0 rg BT 341.00 314.40 Td (to ) Tj ET Q q 0 0 0 rg BT 348.68 314.40 Td (the ) Tj ET Q q 0 0 0 rg BT 359.92 314.40 Td (Grantee) Tj ET Q q 0 0 0 rg BT 387.46 314.40 Td (s ) Tj ET Q q 0 0 0 rg BT 392.03 314.40 Td (death ) Tj ET Q q 0 0 0 rg BT 410.82 314.40 Td (or ) Tj ET Q q 0 0 0 rg BT 418.95 314.40 Td (termination ) Tj ET Q q 0 0 0 rg BT 457.29 314.40 Td (by ) Tj ET Q q 0 0 0 rg BT 466.75 314.40 Td (the ) Tj ET Q q 0 0 0 rg BT 477.98 314.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 510.56 314.40 Td (due ) Tj ET Q q 0 0 0 rg BT 523.57 314.40 Td (to ) Tj ET Q q 0 0 0 rg BT 531.25 314.40 Td (disability) Tj ET Q q 0 0 0 rg BT 560.51 314.40 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 304.80 Td (the ) Tj ET Q q 0 0 0 rg BT 146.60 304.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 189.35 304.80 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 227.22 304.80 Td (on ) Tj ET Q q 0 0 0 rg BT 237.55 304.80 Td (the ) Tj ET Q q 0 0 0 rg BT 249.48 304.80 Td (T) Tj ET Q q 0 0 0 rg BT 253.81 304.80 Td (ar) Tj ET Q q 0 0 0 rg BT 259.88 304.80 Td (get ) Tj ET Q q 0 0 0 rg BT 271.98 304.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 298.30 304.80 Td (of ) Tj ET Q q 0 0 0 rg BT 307.29 304.80 Td (Performance ) Tj ET Q q 0 0 0 rg BT 350.49 304.80 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 385.25 304.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 405.80 304.80 Td (Units ) Tj ET Q q 0 0 0 rg BT 425.46 304.80 Td (that ) Tj ET Q q 0 0 0 rg BT 439.78 304.80 Td (have ) Tj ET Q q 0 0 0 rg BT 457.21 304.80 Td (not ) Tj ET Q q 0 0 0 rg BT 469.76 304.80 Td (previously ) Tj ET Q q 0 0 0 rg BT 505.86 304.80 Td (vested ) Tj ET Q q 0 0 0 rg BT 528.63 304.80 Td (shall ) Tj ET Q q 0 0 0 rg BT 546.06 304.80 Td (lapse ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 295.20 Td (and ) Tj ET Q q 0 0 0 rg BT 147.29 295.20 Td (such ) Tj ET Q q 0 0 0 rg BT 163.19 295.20 Td (Performance ) Tj ET Q q 0 0 0 rg BT 205.29 295.20 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 238.96 295.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 258.42 295.20 Td (Units ) Tj ET Q q 0 0 0 rg BT 276.99 295.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 293.34 295.20 Td (become ) Tj ET Q q 0 0 0 rg BT 319.45 295.20 Td (fully ) Tj ET Q q 0 0 0 rg BT 335.79 295.20 Td (vested ) Tj ET Q q 0 0 0 rg BT 357.47 295.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 374.71 295.20 Td (such ) Tj ET Q q 0 0 0 rg BT 390.61 295.20 Td (cessation. ) Tj ET Q q 0 0 0 rg BT 423.17 295.20 Td ( ) Tj ET Q q 0 0 0 rg BT 424.40 295.20 Td (For ) Tj ET Q q 0 0 0 rg BT 436.75 295.20 Td (purposes ) Tj ET Q q 0 0 0 rg BT 466.43 295.20 Td (of ) Tj ET Q q 0 0 0 rg BT 474.33 295.20 Td (this ) Tj ET Q q 0 0 0 rg BT 486.85 295.20 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 525.63 295.20 Td (disability ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 285.60 Td (means ) Tj ET Q q 0 0 0 rg BT 156.23 285.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.30 285.60 Td (Grantee) Tj ET Q q 0 0 0 rg BT 194.84 285.60 Td (s ) Tj ET Q q 0 0 0 rg BT 199.25 285.60 Td (inability ) Tj ET Q q 0 0 0 rg BT 227.21 285.60 Td (to ) Tj ET Q q 0 0 0 rg BT 234.73 285.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 261.80 285.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.87 285.60 Td (duties ) Tj ET Q q 0 0 0 rg BT 293.27 285.60 Td (and ) Tj ET Q q 0 0 0 rg BT 306.12 285.60 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 355.86 285.60 Td (required ) Tj ET Q q 0 0 0 rg BT 383.81 285.60 Td (of ) Tj ET Q q 0 0 0 rg BT 391.77 285.60 Td (the ) Tj ET Q q 0 0 0 rg BT 402.84 285.60 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 429.45 285.60 Td (by ) Tj ET Q q 0 0 0 rg BT 438.75 285.60 Td (reason ) Tj ET Q q 0 0 0 rg BT 460.93 285.60 Td (of ) Tj ET Q q 0 0 0 rg BT 468.89 285.60 Td (a ) Tj ET Q q 0 0 0 rg BT 473.73 285.60 Td (physical ) Tj ET Q q 0 0 0 rg BT 501.69 285.60 Td (or ) Tj ET Q q 0 0 0 rg BT 509.65 285.60 Td (mental ) Tj ET Q q 0 0 0 rg BT 532.72 285.60 Td (disability ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 276.00 Td (or ) Tj ET Q q 0 0 0 rg BT 142.84 276.00 Td (infirmity ) Tj ET Q q 0 0 0 rg BT 172.95 276.00 Td (which ) Tj ET Q q 0 0 0 rg BT 194.18 276.00 Td (has ) Tj ET Q q 0 0 0 rg BT 206.52 276.00 Td (continued ) Tj ET Q q 0 0 0 rg BT 239.74 276.00 Td (for ) Tj ET Q q 0 0 0 rg BT 250.74 276.00 Td (more ) Tj ET Q q 0 0 0 rg BT 268.85 276.00 Td (than ) Tj ET Q q 0 0 0 rg BT 284.30 276.00 Td (one ) Tj ET Q q 0 0 0 rg BT 297.52 276.00 Td (hundred ) Tj ET Q q 0 0 0 rg BT 325.41 276.00 Td (and ) Tj ET Q q 0 0 0 rg BT 338.63 276.00 Td (twenty ) Tj ET Q q 0 0 0 rg BT 362.08 276.00 Td (\(120\) ) Tj ET Q q 0 0 0 rg BT 381.08 276.00 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 420.52 276.00 Td (calendar ) Tj ET Q q 0 0 0 rg BT 449.28 276.00 Td (days ) Tj ET Q q 0 0 0 rg BT 465.62 276.00 Td (in ) Tj ET Q q 0 0 0 rg BT 473.52 276.00 Td (any ) Tj ET Q q 0 0 0 rg BT 486.74 276.00 Td (twelve ) Tj ET Q q 0 0 0 rg BT 509.74 276.00 Td (\(12\) ) Tj ET Q q 0 0 0 rg BT 524.74 276.00 Td (consecutive ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 266.40 Td (month ) Tj ET Q q 0 0 0 rg BT 156.95 266.40 Td (period, ) Tj ET Q q 0 0 0 rg BT 181.38 266.40 Td (as ) Tj ET Q q 0 0 0 rg BT 190.05 266.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 228.03 266.40 Td (by ) Tj ET Q q 0 0 0 rg BT 238.03 266.40 Td (the ) Tj ET Q q 0 0 0 rg BT 249.80 266.40 Td (Committee.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 244.80 Td (\(d\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 134.5 243.73359374999995 m 217.49853515625 243.73359374999995 l s q 0 0 0 rg BT 134.50 244.80 Td (Additional ) Tj ET Q q 0 0 0 rg BT 170.17 244.80 Td (V) Tj ET Q q 0 0 0 rg BT 175.06 244.80 Td (esting ) Tj ET Q q 0 0 0 rg BT 195.73 244.80 Td (Events) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 217.50 244.80 Td (. ) Tj ET Q q 0 0 0 rg BT 221.06 244.80 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 275.95 244.80 Td (any ) Tj ET Q q 0 0 0 rg BT 289.06 244.80 Td (other ) Tj ET Q q 0 0 0 rg BT 307.06 244.80 Td (provision ) Tj ET Q q 0 0 0 rg BT 338.84 244.80 Td (of ) Tj ET Q q 0 0 0 rg BT 347.06 244.80 Td (this ) Tj ET Q q 0 0 0 rg BT 359.84 244.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 396.94 244.80 Td (or ) Tj ET Q q 0 0 0 rg BT 405.16 244.80 Td (the ) Tj ET Q q 0 0 0 rg BT 416.49 244.80 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 433.93 244.80 Td (A) Tj ET Q q 0 0 0 rg BT 438.97 244.80 Td (wards ) Tj ET Q q 0 0 0 rg BT 459.64 244.80 Td (of ) Tj ET Q q 0 0 0 rg BT 467.86 244.80 Td (Performance ) Tj ET Q q 0 0 0 rg BT 510.29 244.80 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 544.28 244.80 Td (Stock ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 235.20 Td (Units ) Tj ET Q q 0 0 0 rg BT 153.87 235.20 Td (that ) Tj ET Q q 0 0 0 rg BT 167.90 235.20 Td (have ) Tj ET Q q 0 0 0 rg BT 185.04 235.20 Td (not ) Tj ET Q q 0 0 0 rg BT 197.30 235.20 Td (previously ) Tj ET Q q 0 0 0 rg BT 233.11 235.20 Td (vested ) Tj ET Q q 0 0 0 rg BT 255.58 235.20 Td (will ) Tj ET Q q 0 0 0 rg BT 270.06 235.20 Td (vest ) Tj ET Q q 0 0 0 rg BT 284.98 235.20 Td (in ) Tj ET Q q 0 0 0 rg BT 293.24 235.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 331.24 235.20 Td (with ) Tj ET Q q 0 0 0 rg BT 347.50 235.20 Td (the ) Tj ET Q q 0 0 0 rg BT 359.31 235.20 Td (provisions ) Tj ET Q q 0 0 0 rg BT 394.68 235.20 Td (of ) Tj ET Q q 0 0 0 rg BT 402.93 235.20 Td (Annex ) Tj ET Q q 0 0 0 rg BT 426.29 235.20 Td (B ) Tj ET Q q 0 0 0 rg BT 433.66 235.20 Td (in ) Tj ET Q q 0 0 0 rg BT 441.92 235.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 479.05 235.20 Td (with ) Tj ET Q q 0 0 0 rg BT 495.31 235.20 Td (a ) Tj ET Q q 0 0 0 rg BT 500.90 235.20 Td (Change ) Tj ET Q q 0 0 0 rg BT 527.37 235.20 Td (of ) Tj ET Q q 0 0 0 rg BT 536.07 235.20 Td (Control, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 225.60 Td (a ) Tj ET Q q 0 0 0 rg BT 140.05 225.60 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 171.38 225.60 Td (Event, ) Tj ET Q q 0 0 0 rg BT 194.04 225.60 Td (an ) Tj ET Q q 0 0 0 rg BT 203.59 225.60 Td (L) Tj ET Q q 0 0 0 rg BT 207.75 225.60 Td (TIP) Tj ET Q q 0 0 0 rg BT 219.45 225.60 Td ( ) Tj ET Q q 0 0 0 rg BT 221.45 225.60 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 260.34 225.60 Td (Event ) Tj ET Q q 0 0 0 rg BT 281.00 225.60 Td (or ) Tj ET Q q 0 0 0 rg BT 289.67 225.60 Td (a ) Tj ET Q q 0 0 0 rg BT 295.22 225.60 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 331.73 225.60 Td (T) Tj ET Q q 0 0 0 rg BT 336.06 225.60 Td (ermination ) Tj ET Q q 0 0 0 rg BT 372.72 225.60 Td (Event ) Tj ET Q q 0 0 0 rg BT 393.38 225.60 Td (\(in ) Tj ET Q q 0 0 0 rg BT 404.27 225.60 Td (each ) Tj ET Q q 0 0 0 rg BT 420.92 225.60 Td (case ) Tj ET Q q 0 0 0 rg BT 436.68 225.60 Td (as ) Tj ET Q q 0 0 0 rg BT 445.35 225.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 471.34 225.60 Td (in ) Tj ET Q q 0 0 0 rg BT 479.12 225.60 Td (Annex ) Tj ET Q q 0 0 0 rg BT 502.45 225.60 Td (B\). ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 204.00 Td (3. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 202.748046875 m 252.94921875 202.748046875 l s q 0 0 0 rg BT 103.50 204.00 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 141.93 204.00 Td (of ) Tj ET Q q 0 0 0 rg BT 150.59 204.00 Td (the ) Tj ET Q q 0 0 0 rg BT 162.82 204.00 Td (A) Tj ET Q q 0 0 0 rg BT 168.00 204.00 Td (ward; ) Tj ET Q q 0 0 0 rg BT 190.44 204.00 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 221.32 204.00 Td (of ) Tj ET Q q 0 0 0 rg BT 229.98 204.00 Td (Shar) Tj ET Q q 0 0 0 rg BT 246.29 204.00 Td (es) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.95 204.00 Td (. ) Tj ET Q q 0 0 0 rg BT 256.95 204.00 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 182.40 Td (\(a\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 134.5 181.33359374999998 m 195.03125 181.33359374999998 l s q 0 0 0 rg BT 134.50 182.40 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 164.76 182.40 Td (of ) Tj ET Q q 0 0 0 rg BT 173.70 182.40 Td (Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.03 182.40 Td (. ) Tj ET Q q 0 0 0 rg BT 199.31 182.40 Td (Subject ) Tj ET Q q 0 0 0 rg BT 225.58 182.40 Td (to ) Tj ET Q q 0 0 0 rg BT 234.08 182.40 Td (Sections ) Tj ET Q q 0 0 0 rg BT 263.46 182.40 Td (5, ) Tj ET Q q 0 0 0 rg BT 271.74 182.40 Td (7 ) Tj ET Q q 0 0 0 rg BT 278.01 182.40 Td (and ) Tj ET Q q 0 0 0 rg BT 291.84 182.40 Td (8, ) Tj ET Q q 0 0 0 rg BT 300.11 182.40 Td (the ) Tj ET Q q 0 0 0 rg BT 312.16 182.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 345.55 182.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 362.93 182.40 Td (issue ) Tj ET Q q 0 0 0 rg BT 381.21 182.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 403.47 182.40 Td (of ) Tj ET Q q 0 0 0 rg BT 412.41 182.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 431.52 182.40 Td (A) Tj ET Q q 0 0 0 rg BT 436.86 182.40 Td ( ) Tj ET Q q 0 0 0 rg BT 439.13 182.40 Td (Common ) Tj ET Q q 0 0 0 rg BT 471.19 182.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 491.69 182.40 Td (within ) Tj ET Q q 0 0 0 rg BT 514.41 182.40 Td (sixty ) Tj ET Q q 0 0 0 rg BT 532.24 182.40 Td (\(60\) ) Tj ET Q q 0 0 0 rg BT 547.85 182.40 Td (days ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 172.80 Td (following ) Tj ET Q q 0 0 0 rg BT 167.61 172.80 Td (the ) Tj ET Q q 0 0 0 rg BT 179.38 172.80 Td (vesting ) Tj ET Q q 0 0 0 rg BT 204.49 172.80 Td (of ) Tj ET Q q 0 0 0 rg BT 213.16 172.80 Td (the ) Tj ET Q q 0 0 0 rg BT 224.49 172.80 Td (A) Tj ET Q q 0 0 0 rg BT 229.53 172.80 Td (ward ) Tj ET Q q 0 0 0 rg BT 247.52 172.80 Td (or ) Tj ET Q q 0 0 0 rg BT 256.19 172.80 Td (portion ) Tj ET Q q 0 0 0 rg BT 281.30 172.80 Td (thereof. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 151.20 Td (\(b\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 134.5 150.13359375000005 m 207.583984375 150.13359375000005 l s q 0 0 0 rg BT 134.50 151.20 Td (Book-entry ) Tj ET Q q 0 0 0 rg BT 173.37 151.20 Td (Settlement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.58 151.20 Td (. ) Tj ET Q q 0 0 0 rg BT 212.02 151.20 Td ( ) Tj ET Q q 0 0 0 rg BT 214.45 151.20 Td (Upon ) Tj ET Q q 0 0 0 rg BT 234.66 151.20 Td (issuance ) Tj ET Q q 0 0 0 rg BT 264.19 151.20 Td (of ) Tj ET Q q 0 0 0 rg BT 273.29 151.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 295.71 151.20 Td (of ) Tj ET Q q 0 0 0 rg BT 304.80 151.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 324.04 151.20 Td (A) Tj ET Q q 0 0 0 rg BT 329.37 151.20 Td ( ) Tj ET Q q 0 0 0 rg BT 331.80 151.20 Td (Common ) Tj ET Q q 0 0 0 rg BT 364.02 151.20 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 386.67 151.20 Td (the ) Tj ET Q q 0 0 0 rg BT 398.88 151.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 432.42 151.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 449.96 151.20 Td (name ) Tj ET Q q 0 0 0 rg BT 469.71 151.20 Td (the ) Tj ET Q q 0 0 0 rg BT 481.92 151.20 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 509.67 151.20 Td (as ) Tj ET Q q 0 0 0 rg BT 518.76 151.20 Td (the ) Tj ET Q q 0 0 0 rg BT 530.97 151.20 Td (registered ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 141.60 Td (holder ) Tj ET Q q 0 0 0 rg BT 156.94 141.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.60 141.60 Td (such ) Tj ET Q q 0 0 0 rg BT 182.27 141.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 204.26 141.60 Td (in ) Tj ET Q q 0 0 0 rg BT 212.48 141.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.25 141.60 Td (Company) Tj ET Q q 0 0 0 rg BT 257.59 141.60 Td (s ) Tj ET Q q 0 0 0 rg BT 262.70 141.60 Td (share ) Tj ET Q q 0 0 0 rg BT 281.58 141.60 Td (register) Tj ET Q q 0 0 0 rg BT 305.13 141.60 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 120.00 Td (4. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 118.748046875 m 251.66796875 118.748046875 l s q 0 0 0 rg BT 103.50 120.00 Td (Adjustments ) Tj ET Q q 0 0 0 rg BT 149.58 120.00 Td (for) Tj ET Q q 0 0 0 rg BT 159.65 120.00 Td ( ) Tj ET Q q 0 0 0 rg BT 162.17 120.00 Td (Changes ) Tj ET Q q 0 0 0 rg BT 194.03 120.00 Td (in ) Tj ET Q q 0 0 0 rg BT 203.22 120.00 Td (Capitalization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.67 120.00 Td (. ) Tj ET Q q 0 0 0 rg BT 256.19 120.00 Td ( ) Tj ET Q q 0 0 0 rg BT 258.71 120.00 Td (In ) Tj ET Q q 0 0 0 rg BT 267.89 120.00 Td (the ) Tj ET Q q 0 0 0 rg BT 280.19 120.00 Td (event ) Tj ET Q q 0 0 0 rg BT 300.03 120.00 Td (the ) Tj ET Q q 0 0 0 rg BT 312.33 120.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 350.40 120.00 Td (makes ) Tj ET Q q 0 0 0 rg BT 373.36 120.00 Td (any ) Tj ET Q q 0 0 0 rg BT 387.43 120.00 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 425.05 120.00 Td (to ) Tj ET Q q 0 0 0 rg BT 433.80 120.00 Td (the ) Tj ET Q q 0 0 0 rg BT 446.09 120.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 489.48 120.00 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 524.43 120.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 545.17 120.00 Td (Units ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 110.40 Td (underlying ) Tj ET Q q 0 0 0 rg BT 140.89 110.40 Td (the ) Tj ET Q q 0 0 0 rg BT 152.79 110.40 Td (A) Tj ET Q q 0 0 0 rg BT 157.83 110.40 Td (ward ) Tj ET Q q 0 0 0 rg BT 176.55 110.40 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 206.82 110.40 Td (to ) Tj ET Q q 0 0 0 rg BT 215.77 110.40 Td (the ) Tj ET Q q 0 0 0 rg BT 228.27 110.40 Td (Plan ) Tj ET Q q 0 0 0 rg BT 245.22 110.40 Td (following ) Tj ET Q q 0 0 0 rg BT 279.06 110.40 Td (a ) Tj ET Q q 0 0 0 rg BT 285.34 110.40 Td (change ) Tj ET Q q 0 0 0 rg BT 310.71 110.40 Td (of ) Tj ET Q q 0 0 0 rg BT 320.11 110.40 Td (capitalization, ) Tj ET Q q 0 0 0 rg BT 367.92 110.40 Td (any ) Tj ET Q q 0 0 0 rg BT 382.20 110.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 416.92 110.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 460.51 110.40 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 495.67 110.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 516.62 110.40 Td (Units ) Tj ET Q q 0 0 0 rg BT 536.68 110.40 Td (or ) Tj ET Q q 0 0 0 rg BT 546.07 110.40 Td (other ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 100.80 Td (property ) Tj ET Q q 0 0 0 rg BT 133.03 100.80 Td (that ) Tj ET Q q 0 0 0 rg BT 147.46 100.80 Td (become ) Tj ET Q q 0 0 0 rg BT 174.77 100.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 199.86 100.80 Td (to ) Tj ET Q q 0 0 0 rg BT 208.51 100.80 Td (the ) Tj ET Q q 0 0 0 rg BT 220.18 100.80 Td (A) Tj ET Q q 0 0 0 rg BT 225.23 100.80 Td (ward ) Tj ET Q q 0 0 0 rg BT 243.65 100.80 Td (will, ) Tj ET Q q 0 0 0 rg BT 260.53 100.80 Td (unless ) Tj ET Q q 0 0 0 rg BT 282.96 100.80 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 316.49 100.80 Td (determined ) Tj ET Q q 0 0 0 rg BT 354.91 100.80 Td (by ) Tj ET Q q 0 0 0 rg BT 365.34 100.80 Td (the ) Tj ET Q q 0 0 0 rg BT 377.54 100.80 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 417.53 100.80 Td (be ) Tj ET Q q 0 0 0 rg BT 427.51 100.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 452.60 100.80 Td (to ) Tj ET Q q 0 0 0 rg BT 461.25 100.80 Td (the ) Tj ET Q q 0 0 0 rg BT 473.46 100.80 Td (same ) Tj ET Q q 0 0 0 rg BT 492.33 100.80 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 524.96 100.80 Td (restrictions, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 91.20 Td (delivery ) Tj ET Q q 0 0 0 rg BT 132.50 91.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 177.05 91.20 Td (and ) Tj ET Q q 0 0 0 rg BT 191.39 91.20 Td (other ) Tj ET Q q 0 0 0 rg BT 210.61 91.20 Td (provisions ) Tj ET Q q 0 0 0 rg BT 246.74 91.20 Td (of ) Tj ET Q q 0 0 0 rg BT 256.19 91.20 Td (this ) Tj ET Q q 0 0 0 rg BT 269.92 91.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 308.25 91.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 343.91 91.20 Td (to ) Tj ET Q q 0 0 0 rg BT 352.92 91.20 Td (Performance ) Tj ET Q q 0 0 0 rg BT 396.57 91.20 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 431.79 91.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 452.81 91.20 Td (Units ) Tj ET Q q 0 0 0 rg BT 472.93 91.20 Td (underlying ) Tj ET Q q 0 0 0 rg BT 510.38 91.20 Td (this ) Tj ET Q q 0 0 0 rg BT 524.11 91.20 Td (A) Tj ET Q q 0 0 0 rg BT 529.15 91.20 Td (ward. ) Tj ET Q q 0 0 0 rg BT 549.93 91.20 Td ( ) Tj ET Q q 0 0 0 rg BT 552.72 91.20 Td (No ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 81.60 Td (fractional ) Tj ET Q q 0 0 0 rg BT 136.09 81.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 158.03 81.60 Td (or ) Tj ET Q q 0 0 0 rg BT 166.64 81.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 186.81 81.60 Td (to ) Tj ET Q q 0 0 0 rg BT 194.98 81.60 Td (fractional ) Tj ET Q q 0 0 0 rg BT 227.58 81.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 249.51 81.60 Td (of ) Tj ET Q q 0 0 0 rg BT 258.13 81.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 276.98 81.60 Td (A) Tj ET Q q 0 0 0 rg BT 282.31 81.60 Td ( ) Tj ET Q q 0 0 0 rg BT 284.26 81.60 Td (Common ) Tj ET Q q 0 0 0 rg BT 315.99 81.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 336.16 81.60 Td (will ) Tj ET Q q 0 0 0 rg BT 350.55 81.60 Td (be ) Tj ET Q q 0 0 0 rg BT 360.04 81.60 Td (created ) Tj ET Q q 0 0 0 rg BT 385.08 81.60 Td (or ) Tj ET Q q 0 0 0 rg BT 393.69 81.60 Td (issued. ) Tj ET Q q 0 0 0 rg BT 417.21 81.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 432.93 81.60 Td (fraction ) Tj ET Q q 0 0 0 rg BT 459.75 81.60 Td (of ) Tj ET Q q 0 0 0 rg BT 468.36 81.60 Td (a ) Tj ET Q q 0 0 0 rg BT 473.86 81.60 Td (share ) Tj ET Q q 0 0 0 rg BT 492.69 81.60 Td (will ) Tj ET Q q 0 0 0 rg BT 507.08 81.60 Td (be ) Tj ET Q q 0 0 0 rg BT 516.57 81.60 Td (rounded ) Tj ET Q q 0 0 0 rg BT 544.74 81.60 Td (down ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 72.00 Td (to ) Tj ET Q q 0 0 0 rg BT 111.72 72.00 Td (the ) Tj ET Q q 0 0 0 rg BT 123.50 72.00 Td (nearest ) Tj ET Q q 0 0 0 rg BT 148.15 72.00 Td (whole ) Tj ET Q q 0 0 0 rg BT 169.70 72.00 Td (share.) Tj ET Q endstream endobj 179 0 obj <> endobj 180 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 741.50 Td (5. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 740.248046875 m 167.677734375 740.248046875 l s q 0 0 0 rg BT 103.50 741.50 Td (W) Tj ET Q q 0 0 0 rg BT 111.36 741.50 Td (ithholding ) Tj ET Q q 0 0 0 rg BT 148.41 741.50 Td (T) Tj ET Q q 0 0 0 rg BT 153.01 741.50 Td (axes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.68 741.50 Td (. ) Tj ET Q q 0 0 0 rg BT 171.76 741.50 Td ( ) Tj ET Q q 0 0 0 rg BT 173.83 741.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 201.23 741.50 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 248.62 741.50 Td (that ) Tj ET Q q 0 0 0 rg BT 262.70 741.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 290.09 741.50 Td (may ) Tj ET Q q 0 0 0 rg BT 305.94 741.50 Td (be ) Tj ET Q q 0 0 0 rg BT 315.57 741.50 Td (liable ) Tj ET Q q 0 0 0 rg BT 335.42 741.50 Td (for ) Tj ET Q q 0 0 0 rg BT 346.83 741.50 Td (taxes ) Tj ET Q q 0 0 0 rg BT 365.34 741.50 Td (assessed ) Tj ET Q q 0 0 0 rg BT 394.53 741.50 Td (and/or ) Tj ET Q q 0 0 0 rg BT 417.04 741.50 Td (withheld ) Tj ET Q q 0 0 0 rg BT 447.12 741.50 Td (on ) Tj ET Q q 0 0 0 rg BT 457.19 741.50 Td (the ) Tj ET Q q 0 0 0 rg BT 468.59 741.50 Td (A) Tj ET Q q 0 0 0 rg BT 473.63 741.50 Td (ward ) Tj ET Q q 0 0 0 rg BT 491.70 741.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 521.33 741.50 Td (to ) Tj ET Q q 0 0 0 rg BT 529.63 741.50 Td (applicable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 731.90 Td (federal, ) Tj ET Q q 0 0 0 rg BT 129.74 731.90 Td (state, ) Tj ET Q q 0 0 0 rg BT 148.43 731.90 Td (national ) Tj ET Q q 0 0 0 rg BT 176.23 731.90 Td (or ) Tj ET Q q 0 0 0 rg BT 184.93 731.90 Td (local ) Tj ET Q q 0 0 0 rg BT 202.50 731.90 Td (law ) Tj ET Q q 0 0 0 rg BT 216.09 731.90 Td (under ) Tj ET Q q 0 0 0 rg BT 236.33 731.90 Td (the ) Tj ET Q q 0 0 0 rg BT 248.14 731.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 283.04 731.90 Td (laws ) Tj ET Q q 0 0 0 rg BT 299.74 731.90 Td (of ) Tj ET Q q 0 0 0 rg BT 308.44 731.90 Td (the ) Tj ET Q q 0 0 0 rg BT 320.24 731.90 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 358.72 731.90 Td (where ) Tj ET Q q 0 0 0 rg BT 380.29 731.90 Td (the ) Tj ET Q q 0 0 0 rg BT 392.10 731.90 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 419.45 731.90 Td (is ) Tj ET Q q 0 0 0 rg BT 426.81 731.90 Td (resident ) Tj ET Q q 0 0 0 rg BT 454.17 731.90 Td (or ) Tj ET Q q 0 0 0 rg BT 462.87 731.90 Td (may ) Tj ET Q q 0 0 0 rg BT 478.67 731.90 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 511.81 731.90 Td (be ) Tj ET Q q 0 0 0 rg BT 521.39 731.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 556.29 731.90 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 722.30 Td (the ) Tj ET Q q 0 0 0 rg BT 114.97 722.30 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 141.98 722.30 Td (in ) Tj ET Q q 0 0 0 rg BT 149.90 722.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 174.24 722.30 Td (of ) Tj ET Q q 0 0 0 rg BT 182.60 722.30 Td (the ) Tj ET Q q 0 0 0 rg BT 194.07 722.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 236.63 722.30 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 270.76 722.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 290.67 722.30 Td (Units ) Tj ET Q q 0 0 0 rg BT 309.71 722.30 Td (or ) Tj ET Q q 0 0 0 rg BT 318.06 722.30 Td (the ) Tj ET Q q 0 0 0 rg BT 329.53 722.30 Td (issuance ) Tj ET Q q 0 0 0 rg BT 358.33 722.30 Td (of ) Tj ET Q q 0 0 0 rg BT 366.69 722.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 388.37 722.30 Td (of ) Tj ET Q q 0 0 0 rg BT 396.73 722.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 415.39 722.30 Td (A) Tj ET Q q 0 0 0 rg BT 420.72 722.30 Td ( ) Tj ET Q q 0 0 0 rg BT 422.42 722.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 453.89 722.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 473.81 722.30 Td (underlying ) Tj ET Q q 0 0 0 rg BT 510.16 722.30 Td (the ) Tj ET Q q 0 0 0 rg BT 521.63 722.30 Td (Performance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 712.70 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 137.93 712.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 158.16 712.70 Td (Units. ) Tj ET Q q 0 0 0 rg BT 179.49 712.70 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 691.10 Td (\(a\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 121.5 690.03359375 m 219.8408203125 690.03359375 l s q 0 0 0 rg BT 121.50 691.10 Td (Amount ) Tj ET Q q 0 0 0 rg BT 150.10 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.97 691.10 Td (W) Tj ET Q q 0 0 0 rg BT 166.20 691.10 Td (ithholding ) Tj ET Q q 0 0 0 rg BT 201.30 691.10 Td (T) Tj ET Q q 0 0 0 rg BT 205.63 691.10 Td (axes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.84 691.10 Td (. ) Tj ET Q q 0 0 0 rg BT 224.22 691.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.60 691.10 Td (If ) Tj ET Q q 0 0 0 rg BT 234.30 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.45 691.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 279.94 691.10 Td (is ) Tj ET Q q 0 0 0 rg BT 287.66 691.10 Td (required ) Tj ET Q q 0 0 0 rg BT 316.69 691.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.29 691.10 Td (withhold ) Tj ET Q q 0 0 0 rg BT 356.11 691.10 Td (any ) Tj ET Q q 0 0 0 rg BT 370.04 691.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 396.41 691.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.01 691.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 442.49 691.10 Td (with ) Tj ET Q q 0 0 0 rg BT 459.09 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.24 691.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 496.73 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.66 691.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 545.91 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 554.96 691.10 Td (an ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 681.50 Td (A) Tj ET Q q 0 0 0 rg BT 126.54 681.50 Td (ward, ) Tj ET Q q 0 0 0 rg BT 146.25 681.50 Td (the ) Tj ET Q q 0 0 0 rg BT 157.74 681.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 190.57 681.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 207.39 681.50 Td (inform ) Tj ET Q q 0 0 0 rg BT 230.88 681.50 Td (the ) Tj ET Q q 0 0 0 rg BT 242.38 681.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 269.41 681.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 286.68 681.50 Td (to ) Tj ET Q q 0 0 0 rg BT 294.62 681.50 Td (the ) Tj ET Q q 0 0 0 rg BT 306.11 681.50 Td (settlement ) Tj ET Q q 0 0 0 rg BT 340.70 681.50 Td (of ) Tj ET Q q 0 0 0 rg BT 349.08 681.50 Td (any ) Tj ET Q q 0 0 0 rg BT 362.35 681.50 Td (portion ) Tj ET Q q 0 0 0 rg BT 387.18 681.50 Td (of ) Tj ET Q q 0 0 0 rg BT 395.56 681.50 Td (the ) Tj ET Q q 0 0 0 rg BT 406.67 681.50 Td (A) Tj ET Q q 0 0 0 rg BT 411.71 681.50 Td (ward ) Tj ET Q q 0 0 0 rg BT 429.42 681.50 Td (of ) Tj ET Q q 0 0 0 rg BT 437.80 681.50 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 447.07 681.50 Td (the ) Tj ET Q q 0 0 0 rg BT 458.56 681.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 490.93 681.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 516.64 681.50 Td (of ) Tj ET Q q 0 0 0 rg BT 525.03 681.50 Td (any ) Tj ET Q q 0 0 0 rg BT 538.29 681.50 Td (federal, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 671.90 Td (state, ) Tj ET Q q 0 0 0 rg BT 140.73 671.90 Td (national, ) Tj ET Q q 0 0 0 rg BT 171.07 671.90 Td (local ) Tj ET Q q 0 0 0 rg BT 189.19 671.90 Td (income ) Tj ET Q q 0 0 0 rg BT 215.31 671.90 Td (and ) Tj ET Q q 0 0 0 rg BT 229.44 671.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 272.00 671.90 Td (taxes ) Tj ET Q q 0 0 0 rg BT 291.01 671.90 Td (and ) Tj ET Q q 0 0 0 rg BT 305.13 671.90 Td (social, ) Tj ET Q q 0 0 0 rg BT 328.37 671.90 Td (health ) Tj ET Q q 0 0 0 rg BT 350.48 671.90 Td (or ) Tj ET Q q 0 0 0 rg BT 359.72 671.90 Td (national ) Tj ET Q q 0 0 0 rg BT 388.06 671.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 421.29 671.90 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 460.75 671.90 Td (, ) Tj ET Q q 0 0 0 rg BT 465.32 671.90 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.87 671.90 Td (T) Tj ET Q q 0 0 0 rg BT 473.47 671.90 Td (axes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.14 671.90 Td (\) ) Tj ET Q q 0 0 0 rg BT 496.92 671.90 Td (which ) Tj ET Q q 0 0 0 rg BT 519.05 671.90 Td (the ) Tj ET Q q 0 0 0 rg BT 531.39 671.90 Td (Company ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 662.30 Td (determines ) Tj ET Q q 0 0 0 rg BT 158.07 662.30 Td (will ) Tj ET Q q 0 0 0 rg BT 171.98 662.30 Td (be ) Tj ET Q q 0 0 0 rg BT 181.00 662.30 Td (owed ) Tj ET Q q 0 0 0 rg BT 199.80 662.30 Td (by ) Tj ET Q q 0 0 0 rg BT 209.27 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 220.51 662.30 Td (Grantee, ) Tj ET Q q 0 0 0 rg BT 249.29 662.30 Td (by ) Tj ET Q q 0 0 0 rg BT 258.76 662.30 Td (reason ) Tj ET Q q 0 0 0 rg BT 281.11 662.30 Td (of ) Tj ET Q q 0 0 0 rg BT 289.24 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 300.48 662.30 Td (vesting ) Tj ET Q q 0 0 0 rg BT 325.06 662.30 Td (and/or ) Tj ET Q q 0 0 0 rg BT 346.97 662.30 Td (settlement ) Tj ET Q q 0 0 0 rg BT 381.32 662.30 Td (of ) Tj ET Q q 0 0 0 rg BT 389.45 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 400.37 662.30 Td (A) Tj ET Q q 0 0 0 rg BT 405.41 662.30 Td (ward ) Tj ET Q q 0 0 0 rg BT 422.87 662.30 Td (and ) Tj ET Q q 0 0 0 rg BT 435.89 662.30 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 447.13 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 458.38 662.30 Td (amount, ) Tj ET Q q 0 0 0 rg BT 485.84 662.30 Td (if ) Tj ET Q q 0 0 0 rg BT 492.20 662.30 Td (any) Tj ET Q q 0 0 0 rg BT 503.23 662.30 Td (, ) Tj ET Q q 0 0 0 rg BT 506.70 662.30 Td (that ) Tj ET Q q 0 0 0 rg BT 520.16 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 662.30 Td (Company ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 652.70 Td (or ) Tj ET Q q 0 0 0 rg BT 130.16 652.70 Td (any ) Tj ET Q q 0 0 0 rg BT 143.71 652.70 Td (of ) Tj ET Q q 0 0 0 rg BT 152.38 652.70 Td (its ) Tj ET Q q 0 0 0 rg BT 161.94 652.70 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 203.05 652.70 Td (will ) Tj ET Q q 0 0 0 rg BT 217.49 652.70 Td (be ) Tj ET Q q 0 0 0 rg BT 227.04 652.70 Td (required ) Tj ET Q q 0 0 0 rg BT 255.70 652.70 Td (to ) Tj ET Q q 0 0 0 rg BT 263.92 652.70 Td (withhold ) Tj ET Q q 0 0 0 rg BT 294.36 652.70 Td (from ) Tj ET Q q 0 0 0 rg BT 311.91 652.70 Td (the ) Tj ET Q q 0 0 0 rg BT 323.69 652.70 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 351.00 652.70 Td (by ) Tj ET Q q 0 0 0 rg BT 361.00 652.70 Td (reason ) Tj ET Q q 0 0 0 rg BT 383.88 652.70 Td (of ) Tj ET Q q 0 0 0 rg BT 392.55 652.70 Td (such ) Tj ET Q q 0 0 0 rg BT 409.21 652.70 Td (vesting ) Tj ET Q q 0 0 0 rg BT 434.32 652.70 Td (and/or ) Tj ET Q q 0 0 0 rg BT 456.76 652.70 Td (settlement. ) Tj ET Q q 0 0 0 rg BT 493.64 652.70 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 631.10 Td (\(b\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 121.5 630.03359375 m 221.2099609375 630.03359375 l s q 0 0 0 rg BT 121.50 631.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 151.73 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.47 631.10 Td (W) Tj ET Q q 0 0 0 rg BT 167.70 631.10 Td (ithholding ) Tj ET Q q 0 0 0 rg BT 202.67 631.10 Td (T) Tj ET Q q 0 0 0 rg BT 207.00 631.10 Td (axes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.21 631.10 Td (. ) Tj ET Q q 0 0 0 rg BT 225.28 631.10 Td (The ) Tj ET Q q 0 0 0 rg BT 239.96 631.10 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 267.51 631.10 Td (may ) Tj ET Q q 0 0 0 rg BT 283.52 631.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 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0 0 rg BT 210.09 621.50 Td (withholding ) Tj ET Q q 0 0 0 rg BT 250.22 621.50 Td (T) Tj ET Q q 0 0 0 rg BT 254.55 621.50 Td (axes ) Tj ET Q q 0 0 0 rg BT 270.35 621.50 Td (no ) Tj ET Q q 0 0 0 rg BT 279.93 621.50 Td (later ) Tj ET Q q 0 0 0 rg BT 295.73 621.50 Td (than ) Tj ET Q q 0 0 0 rg BT 311.09 621.50 Td (the ) Tj ET Q q 0 0 0 rg BT 322.44 621.50 Td (date ) Tj ET Q q 0 0 0 rg BT 337.35 621.50 Td (of ) Tj ET Q q 0 0 0 rg BT 345.60 621.50 Td (settlement ) Tj ET Q q 0 0 0 rg BT 380.06 621.50 Td (of ) Tj ET Q q 0 0 0 rg BT 388.31 621.50 Td (the ) Tj ET Q q 0 0 0 rg BT 399.32 621.50 Td (A) Tj ET Q q 0 0 0 rg BT 404.36 621.50 Td (ward; ) Tj ET Q q 0 0 0 rg BT 424.16 621.50 Td (or ) Tj ET Q q 0 0 0 rg BT 432.41 621.50 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 443.32 621.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 467.57 621.50 Td (to ) Tj ET Q q 0 0 0 rg BT 475.37 621.50 Td (compliance ) Tj ET Q q 0 0 0 rg BT 513.83 621.50 Td (with ) Tj ET Q q 0 0 0 rg BT 529.63 621.50 Td (applicable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 611.90 Td (law ) Tj ET Q q 0 0 0 rg BT 134.62 611.90 Td (and ) Tj ET Q q 0 0 0 rg BT 147.73 611.90 Td (the ) Tj ET Q q 0 0 0 rg BT 159.07 611.90 Td (Company) Tj ET Q q 0 0 0 rg BT 192.41 611.90 Td (s ) Tj ET Q q 0 0 0 rg BT 197.09 611.90 Td (Insider ) Tj ET Q q 0 0 0 rg BT 220.75 611.90 Td (T) Tj ET Q q 0 0 0 rg BT 225.36 611.90 Td (rading ) Tj ET Q q 0 0 0 rg BT 247.36 611.90 Td (Policy) Tj ET Q q 0 0 0 rg BT 267.29 611.90 Td (, ) Tj ET Q q 0 0 0 rg BT 270.86 611.90 Td (by ) Tj ET Q q 0 0 0 rg BT 280.42 611.90 Td (delivering ) Tj ET Q q 0 0 0 rg BT 314.42 611.90 Td (to ) Tj ET Q q 0 0 0 rg BT 322.21 611.90 Td (the ) Tj ET Q q 0 0 0 rg BT 333.55 611.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 366.23 611.90 Td (an ) Tj ET Q q 0 0 0 rg BT 375.34 611.90 Td (instruction ) Tj ET Q q 0 0 0 rg BT 411.13 611.90 Td (to ) Tj ET Q q 0 0 0 rg BT 418.92 611.90 Td (a ) Tj ET Q q 0 0 0 rg BT 424.04 611.90 Td (broker ) Tj ET Q q 0 0 0 rg BT 446.48 611.90 Td (approved ) Tj ET Q q 0 0 0 rg BT 477.81 611.90 Td (by ) Tj ET Q q 0 0 0 rg BT 487.38 611.90 Td (the ) Tj ET Q q 0 0 0 rg BT 498.72 611.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 531.39 611.90 Td (providing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 602.30 Td (for ) Tj ET Q q 0 0 0 rg BT 132.81 602.30 Td (the ) Tj ET Q q 0 0 0 rg BT 144.57 602.30 Td (assignment ) Tj ET Q q 0 0 0 rg BT 182.55 602.30 Td (of ) Tj ET Q q 0 0 0 rg BT 191.20 602.30 Td (the ) Tj ET Q q 0 0 0 rg BT 202.95 602.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 233.37 602.30 Td (from ) Tj ET Q q 0 0 0 rg BT 250.90 602.30 Td (the ) Tj ET Q q 0 0 0 rg BT 262.66 602.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 277.08 602.30 Td (of ) Tj ET Q q 0 0 0 rg BT 285.72 602.30 Td (some ) Tj ET Q q 0 0 0 rg BT 304.59 602.30 Td (or ) Tj ET Q q 0 0 0 rg BT 313.24 602.30 Td (all ) Tj ET Q q 0 0 0 rg BT 323.22 602.30 Td (of ) Tj ET Q q 0 0 0 rg BT 331.87 602.30 Td (the ) Tj ET Q q 0 0 0 rg BT 343.63 602.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 365.60 602.30 Td (of ) Tj ET Q q 0 0 0 rg BT 374.25 602.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 393.13 602.30 Td (A) Tj ET Q q 0 0 0 rg BT 398.47 602.30 Td ( ) Tj ET Q q 0 0 0 rg BT 400.45 602.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 432.21 602.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 452.42 602.30 Td (to ) Tj ET Q q 0 0 0 rg BT 460.63 602.30 Td (be ) Tj ET Q q 0 0 0 rg BT 470.16 602.30 Td (received ) Tj ET Q q 0 0 0 rg BT 499.23 602.30 Td (on ) Tj ET Q q 0 0 0 rg BT 509.22 602.30 Td (the ) Tj ET Q q 0 0 0 rg BT 520.97 602.30 Td (settlement ) Tj ET Q q 0 0 0 rg BT 555.84 602.30 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 592.70 Td (an ) Tj ET Q q 0 0 0 rg BT 130.83 592.70 Td (A) Tj ET Q q 0 0 0 rg BT 135.88 592.70 Td (ward. ) Tj ET Q q 0 0 0 rg BT 155.99 592.70 Td (The ) Tj ET Q q 0 0 0 rg BT 170.72 592.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 204.12 592.70 Td (may ) Tj ET Q q 0 0 0 rg BT 220.18 592.70 Td (withhold ) Tj ET Q q 0 0 0 rg BT 250.92 592.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 280.31 592.70 Td (from ) Tj ET Q q 0 0 0 rg BT 298.15 592.70 Td (any ) Tj ET Q q 0 0 0 rg BT 311.99 592.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 358.72 592.70 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 392.11 592.70 Td (payable ) Tj ET Q q 0 0 0 rg BT 419.27 592.70 Td (to ) Tj ET Q q 0 0 0 rg BT 427.78 592.70 Td (the ) Tj ET Q q 0 0 0 rg BT 439.84 592.70 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 467.45 592.70 Td (by ) Tj ET Q q 0 0 0 rg BT 477.74 592.70 Td (the ) Tj ET Q q 0 0 0 rg BT 489.80 592.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 523.20 592.70 Td (or ) Tj ET Q q 0 0 0 rg BT 532.15 592.70 Td (any ) Tj ET Q q 0 0 0 rg BT 545.99 592.70 Td (of ) Tj ET Q q 0 0 0 rg BT 554.95 592.70 Td (its ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 583.10 Td (Subsidiaries, ) Tj ET Q q 0 0 0 rg BT 164.92 583.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.79 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.88 583.10 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 218.51 583.10 Td (hereby ) Tj ET Q q 0 0 0 rg BT 242.59 583.10 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 277.78 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.87 583.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 330.85 583.10 Td (from ) Tj ET Q q 0 0 0 rg BT 348.71 583.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 395.46 583.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 422.65 583.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.19 583.10 Td (Grantee, ) Tj ET Q q 0 0 0 rg BT 460.82 583.10 Td (any ) Tj ET Q q 0 0 0 rg BT 474.68 583.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 504.11 583.10 Td (required ) Tj ET Q q 0 0 0 rg BT 533.07 583.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.61 583.10 Td (satisfy ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 132.96 573.50 Td (federal, ) Tj ET Q q 0 0 0 rg BT 158.84 573.50 Td (state, ) Tj ET Q q 0 0 0 rg BT 177.18 573.50 Td (national ) Tj ET Q q 0 0 0 rg BT 204.64 573.50 Td (or ) Tj ET Q q 0 0 0 rg BT 212.98 573.50 Td (local ) Tj ET Q q 0 0 0 rg BT 230.21 573.50 Td (withholding ) Tj ET Q q 0 0 0 rg BT 270.44 573.50 Td (T) Tj ET Q q 0 0 0 rg BT 274.77 573.50 Td (ax ) Tj ET Q q 0 0 0 rg BT 284.00 573.50 Td (obligations ) Tj ET Q q 0 0 0 rg BT 321.24 573.50 Td (of ) Tj ET Q q 0 0 0 rg BT 329.59 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 341.04 573.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 373.84 573.50 Td (or ) Tj ET Q q 0 0 0 rg BT 382.18 573.50 Td (any ) Tj ET Q q 0 0 0 rg BT 395.42 573.50 Td (of ) Tj ET Q q 0 0 0 rg BT 403.76 573.50 Td (its ) Tj ET Q q 0 0 0 rg BT 413.00 573.50 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 453.80 573.50 Td (in ) Tj ET Q q 0 0 0 rg BT 461.70 573.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 498.48 573.50 Td (with ) Tj ET Q q 0 0 0 rg BT 514.39 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 525.47 573.50 Td (A) Tj ET Q q 0 0 0 rg BT 530.51 573.50 Td (ward. ) Tj ET Q q 0 0 0 rg BT 550.07 573.50 Td (The ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 563.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 154.79 563.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 172.07 563.90 Td (not ) Tj ET Q q 0 0 0 rg BT 184.47 563.90 Td (be ) Tj ET Q q 0 0 0 rg BT 194.20 563.90 Td (required ) Tj ET Q q 0 0 0 rg BT 223.02 563.90 Td (to ) Tj ET Q q 0 0 0 rg BT 231.42 563.90 Td (deliver ) Tj ET Q q 0 0 0 rg BT 255.81 563.90 Td (any ) Tj ET Q q 0 0 0 rg BT 269.54 563.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 291.70 563.90 Td (of ) Tj ET Q q 0 0 0 rg BT 300.54 563.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 319.57 563.90 Td (A) Tj ET Q q 0 0 0 rg BT 324.91 563.90 Td ( ) Tj ET Q q 0 0 0 rg BT 327.09 563.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 359.04 563.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 379.44 563.90 Td (if ) Tj ET Q q 0 0 0 rg BT 386.50 563.90 Td (it ) Tj ET Q q 0 0 0 rg BT 393.13 563.90 Td (has ) Tj ET Q q 0 0 0 rg BT 405.97 563.90 Td (not ) Tj ET Q q 0 0 0 rg BT 418.36 563.90 Td (received ) Tj ET Q q 0 0 0 rg BT 447.63 563.90 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 486.68 563.90 Td (evidence ) Tj ET Q q 0 0 0 rg BT 517.28 563.90 Td (of ) Tj ET Q q 0 0 0 rg BT 526.12 563.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 555.84 563.90 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 554.30 Td (all ) Tj ET Q q 0 0 0 rg BT 131.50 554.30 Td (withholding ) Tj ET Q q 0 0 0 rg BT 172.02 554.30 Td (T) Tj ET Q q 0 0 0 rg BT 176.35 554.30 Td (axes.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 532.70 Td (\(c\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 121.5 531.63359375 m 288.7197265625 531.63359375 l s q 0 0 0 rg BT 121.50 532.70 Td (Satisfying ) Tj ET Q q 0 0 0 rg BT 155.84 532.70 Td (W) Tj ET Q q 0 0 0 rg BT 163.07 532.70 Td (ithholding ) Tj ET Q q 0 0 0 rg BT 197.85 532.70 Td (T) Tj ET Q q 0 0 0 rg BT 202.17 532.70 Td (ax ) Tj ET Q q 0 0 0 rg BT 211.76 532.70 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 251.13 532.70 Td (with ) Tj ET Q q 0 0 0 rg BT 267.39 532.70 Td (Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.72 532.70 Td (. ) Tj ET Q q 0 0 0 rg BT 292.61 532.70 Td (The ) Tj ET Q q 0 0 0 rg BT 307.08 532.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 340.23 532.70 Td (may) Tj ET Q q 0 0 0 rg BT 353.48 532.70 Td (, ) Tj ET Q q 0 0 0 rg BT 357.52 532.70 Td (in ) Tj ET Q q 0 0 0 rg BT 365.78 532.70 Td (the ) Tj ET Q q 0 0 0 rg BT 377.59 532.70 Td (discretion ) Tj ET Q q 0 0 0 rg BT 411.18 532.70 Td (of ) Tj ET Q q 0 0 0 rg BT 419.88 532.70 Td (the ) Tj ET Q q 0 0 0 rg BT 431.69 532.70 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 471.28 532.70 Td (permit ) Tj ET Q q 0 0 0 rg BT 494.20 532.70 Td (the ) Tj ET Q q 0 0 0 rg BT 506.01 532.70 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 533.36 532.70 Td (to ) Tj ET Q q 0 0 0 rg BT 541.62 532.70 Td (satisfy ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 523.10 Td (all ) Tj ET Q q 0 0 0 rg BT 131.43 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 140.02 523.10 Td (any ) Tj ET Q q 0 0 0 rg BT 153.51 523.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 178.55 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.14 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.85 523.10 Td (Company) Tj ET Q q 0 0 0 rg BT 232.18 523.10 Td (s ) Tj ET Q q 0 0 0 rg BT 237.22 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 245.82 523.10 Td (any ) Tj ET Q q 0 0 0 rg BT 259.30 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.90 523.10 Td (its ) Tj ET Q q 0 0 0 rg BT 277.39 523.10 Td (Subsidiaries) Tj ET Q q 0 0 0 rg BT 318.57 523.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.50 523.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 357.99 523.10 Td (for ) Tj ET Q q 0 0 0 rg BT 369.25 523.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 409.71 523.10 Td (T) Tj ET Q q 0 0 0 rg BT 414.03 523.10 Td (axes ) Tj ET Q q 0 0 0 rg BT 430.18 523.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.33 523.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 462.92 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.51 523.10 Td (an ) Tj ET Q q 0 0 0 rg BT 480.57 523.10 Td (A) Tj ET Q q 0 0 0 rg BT 485.61 523.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 503.54 523.10 Td (by ) Tj ET Q q 0 0 0 rg BT 513.47 523.10 Td (deducting ) Tj ET Q q 0 0 0 rg BT 546.95 523.10 Td (from ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 513.50 Td (the ) Tj ET Q q 0 0 0 rg BT 132.82 513.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 154.35 513.50 Td (of ) Tj ET Q q 0 0 0 rg BT 162.56 513.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 181.10 513.50 Td (A) Tj ET Q q 0 0 0 rg BT 186.43 513.50 Td ( ) Tj ET Q q 0 0 0 rg BT 187.98 513.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 219.30 513.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 239.07 513.50 Td (the ) Tj ET Q q 0 0 0 rg BT 250.38 513.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 277.24 513.50 Td (would ) Tj ET Q q 0 0 0 rg BT 298.78 513.50 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 331.43 513.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 356.06 513.50 Td (a ) Tj ET Q q 0 0 0 rg BT 361.16 513.50 Td (number ) Tj ET Q q 0 0 0 rg BT 387.14 513.50 Td (of ) Tj ET Q q 0 0 0 rg BT 395.34 513.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 416.88 513.50 Td (having ) Tj ET Q q 0 0 0 rg BT 440.19 513.50 Td (a ) Tj ET Q q 0 0 0 rg BT 445.29 513.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 457.93 513.50 Td (market ) Tj ET Q q 0 0 0 rg BT 481.69 513.50 Td (value ) Tj ET Q q 0 0 0 rg BT 500.55 513.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 519.42 513.50 Td (to ) Tj ET Q q 0 0 0 rg BT 527.19 513.50 Td (the ) Tj ET Q q 0 0 0 rg BT 538.50 513.50 Td (amount ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 503.90 Td (of ) Tj ET Q q 0 0 0 rg BT 130.23 503.90 Td (withholding ) Tj ET Q q 0 0 0 rg BT 170.81 503.90 Td (T) Tj ET Q q 0 0 0 rg BT 175.14 503.90 Td (axes ) Tj ET Q q 0 0 0 rg BT 191.42 503.90 Td (that ) Tj ET Q q 0 0 0 rg BT 205.48 503.90 Td (are ) Tj ET Q q 0 0 0 rg BT 217.31 503.90 Td (payable ) Tj ET Q q 0 0 0 rg BT 244.25 503.90 Td (\(using ) Tj ET Q q 0 0 0 rg BT 266.31 503.90 Td (the ) Tj ET Q q 0 0 0 rg BT 278.15 503.90 Td (maximum ) Tj ET Q q 0 0 0 rg BT 312.66 503.90 Td (statutory ) Tj ET Q q 0 0 0 rg BT 342.72 503.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 359.88 503.90 Td (of ) Tj ET Q q 0 0 0 rg BT 368.61 503.90 Td (withholding ) Tj ET Q q 0 0 0 rg BT 409.34 503.90 Td (for ) Tj ET Q q 0 0 0 rg BT 420.74 503.90 Td (purposes ) Tj ET Q q 0 0 0 rg BT 451.24 503.90 Td (of ) Tj ET Q q 0 0 0 rg BT 459.97 503.90 Td (determining ) Tj ET Q q 0 0 0 rg BT 500.69 503.90 Td (such ) Tj ET Q q 0 0 0 rg BT 517.42 503.90 Td (amount\). ) Tj ET Q q 0 0 0 rg BT 548.15 503.90 Td ( ) Tj ET Q q 0 0 0 rg BT 550.06 503.90 Td (The ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 494.30 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 147.92 494.30 Td (agrees ) Tj ET Q q 0 0 0 rg BT 169.45 494.30 Td (that ) Tj ET Q q 0 0 0 rg BT 182.55 494.30 Td (delivery ) Tj ET Q q 0 0 0 rg BT 209.86 494.30 Td (of ) Tj ET Q q 0 0 0 rg BT 217.63 494.30 Td (a ) Tj ET Q q 0 0 0 rg BT 222.28 494.30 Td (number ) Tj ET Q q 0 0 0 rg BT 247.82 494.30 Td (of ) Tj ET Q q 0 0 0 rg BT 255.59 494.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 276.68 494.30 Td (of ) Tj ET Q q 0 0 0 rg BT 284.45 494.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 302.65 494.30 Td (A) Tj ET Q q 0 0 0 rg BT 307.98 494.30 Td ( ) Tj ET Q q 0 0 0 rg BT 309.08 494.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 339.97 494.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 359.29 494.30 Td (net ) Tj ET Q q 0 0 0 rg BT 370.17 494.30 Td (of ) Tj ET Q q 0 0 0 rg BT 377.94 494.30 Td (the ) Tj ET Q q 0 0 0 rg BT 388.81 494.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 413.91 494.30 Td (deducted ) Tj ET Q q 0 0 0 rg BT 443.89 494.30 Td (for ) Tj ET Q q 0 0 0 rg BT 454.32 494.30 Td (purposes ) Tj ET Q q 0 0 0 rg BT 483.86 494.30 Td (of ) Tj ET Q q 0 0 0 rg BT 491.63 494.30 Td (satisfying ) Tj ET Q q 0 0 0 rg BT 523.84 494.30 Td (withholding ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 484.70 Td (T) Tj ET Q q 0 0 0 rg BT 125.83 484.70 Td (ax ) Tj ET Q q 0 0 0 rg BT 135.38 484.70 Td (obligations ) Tj ET Q q 0 0 0 rg BT 172.93 484.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 190.04 484.70 Td (be ) Tj ET Q q 0 0 0 rg BT 199.59 484.70 Td (full ) Tj ET Q q 0 0 0 rg BT 212.70 484.70 Td (settlement ) Tj ET Q q 0 0 0 rg BT 247.58 484.70 Td (of ) Tj ET Q q 0 0 0 rg BT 256.25 484.70 Td (the ) Tj ET Q q 0 0 0 rg BT 267.58 484.70 Td (A) Tj ET Q q 0 0 0 rg BT 272.62 484.70 Td (ward ) Tj ET Q q 0 0 0 rg BT 290.61 484.70 Td (for ) Tj ET Q q 0 0 0 rg BT 301.94 484.70 Td (all ) Tj ET Q q 0 0 0 rg BT 311.94 484.70 Td (purposes. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 463.10 Td (6. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 461.848046875 m 172.646484375 461.848046875 l s q 0 0 0 rg BT 103.50 463.10 Td (Non ) Tj ET Q q 0 0 0 rg BT 119.69 463.10 Td (T) Tj ET Q q 0 0 0 rg BT 124.43 463.10 Td (ransferability) Tj ET Q q 0 0 0 rg BT 170.65 463.10 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.65 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.76 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.87 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.98 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.94 463.10 Td (The ) Tj ET Q q 0 0 0 rg BT 195.49 463.10 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 222.92 463.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 240.14 463.10 Td (not ) Tj ET Q q 0 0 0 rg BT 252.47 463.10 Td (sell, ) Tj ET Q q 0 0 0 rg BT 267.69 463.10 Td (assign, ) Tj ET Q q 0 0 0 rg BT 291.80 463.10 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 326.12 463.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 352.66 463.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 373.87 463.10 Td (than ) Tj ET Q q 0 0 0 rg BT 389.76 463.10 Td (by ) Tj ET Q q 0 0 0 rg BT 399.87 463.10 Td (will ) Tj ET Q q 0 0 0 rg BT 414.42 463.10 Td (or ) Tj ET Q q 0 0 0 rg BT 423.20 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.08 463.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 451.86 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.63 463.10 Td (descent ) Tj ET Q q 0 0 0 rg BT 486.73 463.10 Td (or ) Tj ET Q q 0 0 0 rg BT 495.51 463.10 Td (distribution\), ) Tj ET Q q 0 0 0 rg BT 539.18 463.10 Td (pledge, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 453.50 Td (char) Tj ET Q q 0 0 0 rg BT 117.12 453.50 Td (ge, ) Tj ET Q q 0 0 0 rg BT 128.67 453.50 Td (hypothecate ) Tj ET Q q 0 0 0 rg BT 169.32 453.50 Td (or ) Tj ET Q q 0 0 0 rg BT 177.98 453.50 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 211.09 453.50 Td (dispose ) Tj ET Q q 0 0 0 rg BT 237.09 453.50 Td (of ) Tj ET Q q 0 0 0 rg BT 245.75 453.50 Td (or ) Tj ET Q q 0 0 0 rg BT 254.41 453.50 Td (encumber ) Tj ET Q q 0 0 0 rg BT 287.95 453.50 Td (the ) Tj ET Q q 0 0 0 rg BT 299.29 453.50 Td (A) Tj ET Q q 0 0 0 rg BT 304.33 453.50 Td (ward ) Tj ET Q q 0 0 0 rg BT 322.32 453.50 Td (or ) Tj ET Q q 0 0 0 rg BT 330.98 453.50 Td (the ) Tj ET Q q 0 0 0 rg BT 342.76 453.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 385.63 453.50 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 420.06 453.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 440.28 453.50 Td (Units.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 431.90 Td (7. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 430.648046875 m 184.9736328125 430.648046875 l s q 0 0 0 rg BT 103.50 431.90 Td (Rights ) Tj ET Q q 0 0 0 rg BT 127.75 431.90 Td (as ) Tj ET Q q 0 0 0 rg BT 136.88 431.90 Td (a ) Tj ET Q q 0 0 0 rg BT 142.90 431.90 Td (Shar) Tj ET Q q 0 0 0 rg BT 159.20 431.90 Td (eholder) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.97 431.90 Td (. ) Tj ET Q q 0 0 0 rg BT 188.99 431.90 Td (Neither ) Tj ET Q q 0 0 0 rg BT 215.00 431.90 Td (the ) Tj ET Q q 0 0 0 rg BT 226.79 431.90 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 254.13 431.90 Td (nor ) Tj ET Q q 0 0 0 rg BT 266.81 431.90 Td (the ) Tj ET Q q 0 0 0 rg BT 278.60 431.90 Td (Grantee) Tj ET Q q 0 0 0 rg BT 306.14 431.90 Td (s ) Tj ET Q q 0 0 0 rg BT 311.27 431.90 Td (representative ) Tj ET Q q 0 0 0 rg BT 358.15 431.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 375.28 431.90 Td (have ) Tj ET Q q 0 0 0 rg BT 392.40 431.90 Td (any ) Tj ET Q q 0 0 0 rg BT 405.97 431.90 Td (rights ) Tj ET Q q 0 0 0 rg BT 426.21 431.90 Td (as ) Tj ET Q q 0 0 0 rg BT 434.89 431.90 Td (a ) Tj ET Q q 0 0 0 rg BT 440.46 431.90 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 479.80 431.90 Td (with ) Tj ET Q q 0 0 0 rg BT 496.04 431.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 520.71 431.90 Td (to ) Tj ET Q q 0 0 0 rg BT 528.95 431.90 Td (any ) Tj ET Q q 0 0 0 rg BT 542.52 431.90 Td (shares ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 422.30 Td (of ) Tj ET Q q 0 0 0 rg BT 112.21 422.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 131.13 422.30 Td (A) Tj ET Q q 0 0 0 rg BT 136.47 422.30 Td ( ) Tj ET Q q 0 0 0 rg BT 138.51 422.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 170.33 422.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 190.60 422.30 Td (underlying ) Tj ET Q q 0 0 0 rg BT 227.30 422.30 Td (any ) Tj ET Q q 0 0 0 rg BT 240.89 422.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 283.80 422.30 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 318.28 422.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 338.54 422.30 Td (Units ) Tj ET Q q 0 0 0 rg BT 357.92 422.30 Td (until ) Tj ET Q q 0 0 0 rg BT 374.63 422.30 Td (such ) Tj ET Q q 0 0 0 rg BT 390.89 422.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.93 422.30 Td (ward ) Tj ET Q q 0 0 0 rg BT 413.96 422.30 Td (or ) Tj ET Q q 0 0 0 rg BT 422.67 422.30 Td (any ) Tj ET Q q 0 0 0 rg BT 436.26 422.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 461.41 422.30 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 488.11 422.30 Td (as ) Tj ET Q q 0 0 0 rg BT 496.81 422.30 Td (the ) Tj ET Q q 0 0 0 rg BT 508.63 422.30 Td (case ) Tj ET Q q 0 0 0 rg BT 524.44 422.30 Td (may ) Tj ET Q q 0 0 0 rg BT 540.25 422.30 Td (be, ) Tj ET Q q 0 0 0 rg BT 551.85 422.30 Td (has ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 412.70 Td (vested ) Tj ET Q q 0 0 0 rg BT 126.06 412.70 Td (and ) Tj ET Q q 0 0 0 rg BT 139.73 412.70 Td (such ) Tj ET Q q 0 0 0 rg BT 156.52 412.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 178.63 412.70 Td (of ) Tj ET Q q 0 0 0 rg BT 187.42 412.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 206.41 412.70 Td (A) Tj ET Q q 0 0 0 rg BT 211.74 412.70 Td ( ) Tj ET Q q 0 0 0 rg BT 213.87 412.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 245.77 412.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 266.11 412.70 Td (have ) Tj ET Q q 0 0 0 rg BT 283.34 412.70 Td (been ) Tj ET Q q 0 0 0 rg BT 300.56 412.70 Td (issued, ) Tj ET Q q 0 0 0 rg BT 324.68 412.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 354.79 412.70 Td (in ) Tj ET Q q 0 0 0 rg BT 363.13 412.70 Td (the ) Tj ET Q q 0 0 0 rg BT 375.03 412.70 Td (records ) Tj ET Q q 0 0 0 rg BT 400.69 412.70 Td (of ) Tj ET Q q 0 0 0 rg BT 409.48 412.70 Td (the ) Tj ET Q q 0 0 0 rg BT 421.37 412.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.60 412.70 Td (or ) Tj ET Q q 0 0 0 rg BT 463.39 412.70 Td (its ) Tj ET Q q 0 0 0 rg BT 473.07 412.70 Td (transfer ) Tj ET Q q 0 0 0 rg BT 499.62 412.70 Td (agent ) Tj ET Q q 0 0 0 rg BT 519.07 412.70 Td (and ) Tj ET Q q 0 0 0 rg BT 532.74 412.70 Td (delivered ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 403.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.25 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.54 403.10 Td (Grantee. ) Tj ET Q q 0 0 0 rg BT 151.39 403.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.80 403.10 Td (The ) Tj ET Q q 0 0 0 rg BT 166.76 403.10 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 193.60 403.10 Td (must ) Tj ET Q q 0 0 0 rg BT 210.69 403.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 241.53 403.10 Td (such ) Tj ET Q q 0 0 0 rg BT 257.72 403.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 305.01 403.10 Td (documentation ) Tj ET Q q 0 0 0 rg BT 354.08 403.10 Td (required ) Tj ET Q q 0 0 0 rg BT 382.25 403.10 Td (by ) Tj ET Q q 0 0 0 rg BT 391.78 403.10 Td (this ) Tj ET Q q 0 0 0 rg BT 404.52 403.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 441.59 403.10 Td (or ) Tj ET Q q 0 0 0 rg BT 449.78 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.07 403.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 498.15 403.10 Td (before ) Tj ET Q q 0 0 0 rg BT 520.10 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 403.10 Td (Company ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 393.50 Td (may ) Tj ET Q q 0 0 0 rg BT 119.15 393.50 Td (issue ) Tj ET Q q 0 0 0 rg BT 137.02 393.50 Td (the ) Tj ET Q q 0 0 0 rg BT 148.67 393.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 170.54 393.50 Td (of ) Tj ET Q q 0 0 0 rg BT 179.08 393.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 197.88 393.50 Td (A) Tj ET Q q 0 0 0 rg BT 203.21 393.50 Td ( ) Tj ET Q q 0 0 0 rg BT 205.09 393.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 236.74 393.50 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 258.84 393.50 Td (record ) Tj ET Q q 0 0 0 rg BT 281.15 393.50 Td (such ) Tj ET Q q 0 0 0 rg BT 297.68 393.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 326.66 393.50 Td (in ) Tj ET Q q 0 0 0 rg BT 334.76 393.50 Td (the ) Tj ET Q q 0 0 0 rg BT 346.41 393.50 Td (records ) Tj ET Q q 0 0 0 rg BT 371.82 393.50 Td (of ) Tj ET Q q 0 0 0 rg BT 380.36 393.50 Td (the ) Tj ET Q q 0 0 0 rg BT 392.01 393.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 425.00 393.50 Td (or ) Tj ET Q q 0 0 0 rg BT 433.54 393.50 Td (its ) Tj ET Q q 0 0 0 rg BT 442.97 393.50 Td (transfer ) Tj ET Q q 0 0 0 rg BT 469.27 393.50 Td (agent ) Tj ET Q q 0 0 0 rg BT 488.47 393.50 Td (and ) Tj ET Q q 0 0 0 rg BT 501.90 393.50 Td (deliver ) Tj ET Q q 0 0 0 rg BT 525.98 393.50 Td (such ) Tj ET Q q 0 0 0 rg BT 542.52 393.50 Td (shares ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 383.90 Td (of ) Tj ET Q q 0 0 0 rg BT 112.36 383.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 131.41 383.90 Td (A) Tj ET Q q 0 0 0 rg BT 136.75 383.90 Td ( ) Tj ET Q q 0 0 0 rg BT 138.95 383.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 170.92 383.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 191.35 383.90 Td (to ) Tj ET Q q 0 0 0 rg BT 199.77 383.90 Td (the ) Tj ET Q q 0 0 0 rg BT 211.74 383.90 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 239.25 383.90 Td (following ) Tj ET Q q 0 0 0 rg BT 272.56 383.90 Td (a ) Tj ET Q q 0 0 0 rg BT 278.15 383.90 Td (V) Tj ET Q q 0 0 0 rg BT 283.04 383.90 Td (esting ) Tj ET Q q 0 0 0 rg BT 304.35 383.90 Td (Date. ) Tj ET Q q 0 0 0 rg BT 323.65 383.90 Td ( ) Tj ET Q q 0 0 0 rg BT 325.69 383.90 Td (The ) Tj ET Q q 0 0 0 rg BT 340.32 383.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 373.63 383.90 Td (may ) Tj ET Q q 0 0 0 rg BT 389.60 383.90 Td (postpone ) Tj ET Q q 0 0 0 rg BT 420.69 383.90 Td (such ) Tj ET Q q 0 0 0 rg BT 437.55 383.90 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 468.85 383.90 Td (recording ) Tj ET Q q 0 0 0 rg BT 501.70 383.90 Td (and ) Tj ET Q q 0 0 0 rg BT 515.45 383.90 Td (delivery ) Tj ET Q q 0 0 0 rg BT 543.86 383.90 Td (of ) Tj ET Q q 0 0 0 rg BT 552.72 383.90 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 374.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 125.53 374.30 Td (of ) Tj ET Q q 0 0 0 rg BT 134.24 374.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 153.17 374.30 Td (A) Tj ET Q q 0 0 0 rg BT 158.50 374.30 Td ( ) Tj ET Q q 0 0 0 rg BT 160.55 374.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 192.37 374.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 212.63 374.30 Td (if ) Tj ET Q q 0 0 0 rg BT 219.56 374.30 Td (such ) Tj ET Q q 0 0 0 rg BT 236.27 374.30 Td (proper ) Tj ET Q q 0 0 0 rg BT 259.19 374.30 Td (documentation ) Tj ET Q q 0 0 0 rg BT 308.77 374.30 Td (is ) Tj ET Q q 0 0 0 rg BT 316.15 374.30 Td (not ) Tj ET Q q 0 0 0 rg BT 328.42 374.30 Td (received ) Tj ET Q q 0 0 0 rg BT 357.55 374.30 Td (by ) Tj ET Q q 0 0 0 rg BT 367.59 374.30 Td (the ) Tj ET Q q 0 0 0 rg BT 379.41 374.30 Td (Company) Tj ET Q q 0 0 0 rg BT 410.00 374.30 Td (. ) Tj ET Q q 0 0 0 rg BT 414.04 374.30 Td (If ) Tj ET Q q 0 0 0 rg BT 421.41 374.30 Td (proper ) Tj ET Q q 0 0 0 rg BT 444.33 374.30 Td (documentation ) Tj ET Q q 0 0 0 rg BT 493.91 374.30 Td (is ) Tj ET Q q 0 0 0 rg BT 501.29 374.30 Td (not ) Tj ET Q q 0 0 0 rg BT 513.56 374.30 Td (received ) Tj ET Q q 0 0 0 rg BT 542.69 374.30 Td (by ) Tj ET Q q 0 0 0 rg BT 552.73 374.30 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 364.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.20 364.70 Td (within ) Tj ET Q q 0 0 0 rg BT 160.23 364.70 Td (sixty ) Tj ET Q q 0 0 0 rg BT 178.37 364.70 Td (\(60\) ) Tj ET Q q 0 0 0 rg BT 194.29 364.70 Td (days ) Tj ET Q q 0 0 0 rg BT 211.54 364.70 Td (of ) Tj ET Q q 0 0 0 rg BT 220.79 364.70 Td (a ) Tj ET Q q 0 0 0 rg BT 226.73 364.70 Td (V) Tj ET Q q 0 0 0 rg BT 231.63 364.70 Td (esting ) Tj ET Q q 0 0 0 rg BT 253.32 364.70 Td (Date, ) Tj ET Q q 0 0 0 rg BT 273.01 364.70 Td (the ) Tj ET Q q 0 0 0 rg BT 285.37 364.70 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 333.72 364.70 Td (portion ) Tj ET Q q 0 0 0 rg BT 359.41 364.70 Td (of ) Tj ET Q q 0 0 0 rg BT 368.66 364.70 Td (the ) Tj ET Q q 0 0 0 rg BT 380.45 364.70 Td (A) Tj ET Q q 0 0 0 rg BT 385.50 364.70 Td (ward, ) Tj ET Q q 0 0 0 rg BT 406.07 364.70 Td (in ) Tj ET Q q 0 0 0 rg BT 414.88 364.70 Td (the ) Tj ET Q q 0 0 0 rg BT 427.24 364.70 Td (sole ) Tj ET Q q 0 0 0 rg BT 442.71 364.70 Td (discretion ) Tj ET Q q 0 0 0 rg BT 476.85 364.70 Td (of ) Tj ET Q q 0 0 0 rg BT 486.10 364.70 Td (the ) Tj ET Q q 0 0 0 rg BT 498.46 364.70 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 538.59 364.70 Td (may ) Tj ET Q q 0 0 0 rg BT 554.95 364.70 Td (be ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 355.10 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 133.04 355.10 Td (for ) Tj ET Q q 0 0 0 rg BT 144.37 355.10 Td (no ) Tj ET Q q 0 0 0 rg BT 154.37 355.10 Td (consideration.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 333.50 Td (8. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 332.248046875 m 185.1435546875 332.248046875 l s q 0 0 0 rg BT 103.50 333.50 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 144.26 333.50 Td (Compliance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.14 333.50 Td (. ) Tj ET Q q 0 0 0 rg BT 189.69 333.50 Td ( ) Tj ET Q q 0 0 0 rg BT 192.04 333.50 Td (The ) Tj ET Q q 0 0 0 rg BT 207.02 333.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 240.67 333.50 Td (may ) Tj ET Q q 0 0 0 rg BT 256.99 333.50 Td (postpone ) Tj ET Q q 0 0 0 rg BT 288.42 333.50 Td (issuing ) Tj ET Q q 0 0 0 rg BT 313.63 333.50 Td ( ) Tj ET Q q 0 0 0 rg BT 316.17 333.50 Td (and ) Tj ET Q q 0 0 0 rg BT 330.27 333.50 Td (recording ) Tj ET Q q 0 0 0 rg BT 363.46 333.50 Td (the ) Tj ET Q q 0 0 0 rg BT 375.78 333.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 398.31 333.50 Td (of ) Tj ET Q q 0 0 0 rg BT 407.52 333.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 426.83 333.50 Td (A) Tj ET Q q 0 0 0 rg BT 432.17 333.50 Td ( ) Tj ET Q q 0 0 0 rg BT 434.71 333.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 467.04 333.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 487.80 333.50 Td (to ) Tj ET Q q 0 0 0 rg BT 496.56 333.50 Td (the ) Tj ET Q q 0 0 0 rg BT 508.88 333.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 536.74 333.50 Td (issuable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 323.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 132.95 323.90 Td (to ) Tj ET Q q 0 0 0 rg BT 141.08 323.90 Td (this ) Tj ET Q q 0 0 0 rg BT 154.12 323.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 191.56 323.90 Td (in ) Tj ET Q q 0 0 0 rg BT 199.69 323.90 Td (the ) Tj ET Q q 0 0 0 rg BT 211.36 323.90 Td (records ) Tj ET Q q 0 0 0 rg BT 236.81 323.90 Td (of ) Tj ET Q q 0 0 0 rg BT 245.37 323.90 Td (the ) Tj ET Q q 0 0 0 rg BT 257.05 323.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 290.06 323.90 Td (or ) Tj ET Q q 0 0 0 rg BT 298.63 323.90 Td (its ) Tj ET Q q 0 0 0 rg BT 308.09 323.90 Td (transfer ) Tj ET Q q 0 0 0 rg BT 334.42 323.90 Td (agent ) Tj ET Q q 0 0 0 rg BT 353.65 323.90 Td (for ) Tj ET Q q 0 0 0 rg BT 364.88 323.90 Td (such ) Tj ET Q q 0 0 0 rg BT 381.44 323.90 Td (period ) Tj ET Q q 0 0 0 rg BT 403.78 323.90 Td (as ) Tj ET Q q 0 0 0 rg BT 412.35 323.90 Td (may ) Tj ET Q q 0 0 0 rg BT 428.03 323.90 Td (be ) Tj ET Q q 0 0 0 rg BT 437.48 323.90 Td (required ) Tj ET Q q 0 0 0 rg BT 466.03 323.90 Td (to ) Tj ET Q q 0 0 0 rg BT 474.16 323.90 Td (comply ) Tj ET Q q 0 0 0 rg BT 500.06 323.90 Td (with ) Tj ET Q q 0 0 0 rg BT 516.18 323.90 Td (any ) Tj ET Q q 0 0 0 rg BT 529.63 323.90 Td (applicable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 314.30 Td (requirements ) Tj ET Q q 0 0 0 rg BT 147.56 314.30 Td (under ) Tj ET Q q 0 0 0 rg BT 168.07 314.30 Td (any ) Tj ET Q q 0 0 0 rg BT 181.92 314.30 Td (applicable ) Tj ET Q q 0 0 0 rg BT 217.09 314.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 249.60 314.30 Td (laws, ) Tj ET Q q 0 0 0 rg BT 268.57 314.30 Td (the ) Tj ET Q q 0 0 0 rg BT 280.64 314.30 Td (listing ) Tj ET Q q 0 0 0 rg BT 302.94 314.30 Td (requirements ) Tj ET Q q 0 0 0 rg BT 347.00 314.30 Td (of ) Tj ET Q q 0 0 0 rg BT 355.96 314.30 Td (any ) Tj ET Q q 0 0 0 rg BT 369.81 314.30 Td (applicable ) Tj ET Q q 0 0 0 rg BT 404.98 314.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 424.17 314.30 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 458.67 314.30 Td (and ) Tj ET Q q 0 0 0 rg BT 472.52 314.30 Td (any ) Tj ET Q q 0 0 0 rg BT 486.37 314.30 Td (requirements ) Tj ET Q q 0 0 0 rg BT 530.43 314.30 Td (under ) Tj ET Q q 0 0 0 rg BT 550.95 314.30 Td (any ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 304.70 Td (other ) Tj ET Q q 0 0 0 rg BT 121.51 304.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 155.96 304.70 Td (law) Tj ET Q q 0 0 0 rg BT 166.99 304.70 Td (, ) Tj ET Q q 0 0 0 rg BT 170.56 304.70 Td (and ) Tj ET Q q 0 0 0 rg BT 183.68 304.70 Td (the ) Tj ET Q q 0 0 0 rg BT 195.03 304.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 227.71 304.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 244.40 304.70 Td (not ) Tj ET Q q 0 0 0 rg BT 256.19 304.70 Td (be ) Tj ET Q q 0 0 0 rg BT 265.32 304.70 Td (obligated ) Tj ET Q q 0 0 0 rg BT 296.66 304.70 Td (to ) Tj ET Q q 0 0 0 rg BT 304.45 304.70 Td (deliver ) Tj ET Q q 0 0 0 rg BT 328.24 304.70 Td (any ) Tj ET Q q 0 0 0 rg BT 341.36 304.70 Td (such ) Tj ET Q q 0 0 0 rg BT 357.60 304.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 379.17 304.70 Td (of ) Tj ET Q q 0 0 0 rg BT 387.40 304.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 405.96 304.70 Td (A) Tj ET Q q 0 0 0 rg BT 411.30 304.70 Td ( ) Tj ET Q q 0 0 0 rg BT 412.87 304.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 444.23 304.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 464.02 304.70 Td (to ) Tj ET Q q 0 0 0 rg BT 471.82 304.70 Td (the ) Tj ET Q q 0 0 0 rg BT 483.17 304.70 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 510.06 304.70 Td (if ) Tj ET Q q 0 0 0 rg BT 516.52 304.70 Td (either ) Tj ET Q q 0 0 0 rg BT 536.30 304.70 Td (delivery ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 295.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 128.82 295.10 Td (would ) Tj ET Q q 0 0 0 rg BT 151.49 295.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 185.26 295.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.48 295.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 222.59 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.92 295.10 Td (any ) Tj ET Q q 0 0 0 rg BT 246.14 295.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 279.03 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.36 295.10 Td (any ) Tj ET Q q 0 0 0 rg BT 302.58 295.10 Td (law ) Tj ET Q q 0 0 0 rg BT 316.80 295.10 Td (or ) Tj ET Q q 0 0 0 rg BT 326.13 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.46 295.10 Td (any ) Tj ET Q q 0 0 0 rg BT 349.68 295.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 384.79 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.12 295.10 Td (any ) Tj ET Q q 0 0 0 rg BT 408.34 295.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 454.99 295.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 486.54 295.10 Td (or ) Tj ET Q q 0 0 0 rg BT 495.87 295.10 Td (any ) Tj ET Q q 0 0 0 rg BT 510.09 295.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 545.63 295.10 Td (stock ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 285.50 Td (exchange. ) Tj ET Q q 0 0 0 rg BT 137.28 285.50 Td ( ) Tj ET Q q 0 0 0 rg BT 138.73 285.50 Td (The ) Tj ET Q q 0 0 0 rg BT 152.74 285.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 185.43 285.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 202.11 285.50 Td (not ) Tj ET Q q 0 0 0 rg BT 213.90 285.50 Td (be ) Tj ET Q q 0 0 0 rg BT 223.02 285.50 Td (liable ) Tj ET Q q 0 0 0 rg BT 242.37 285.50 Td (to ) Tj ET Q q 0 0 0 rg BT 250.16 285.50 Td (the ) Tj ET Q q 0 0 0 rg BT 261.51 285.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 288.40 285.50 Td (or ) Tj ET Q q 0 0 0 rg BT 296.63 285.50 Td (its ) Tj ET Q q 0 0 0 rg BT 305.76 285.50 Td (representative ) Tj ET Q q 0 0 0 rg BT 352.20 285.50 Td (for ) Tj ET Q q 0 0 0 rg BT 363.10 285.50 Td (any ) Tj ET Q q 0 0 0 rg BT 376.22 285.50 Td (damages ) Tj ET Q q 0 0 0 rg BT 405.78 285.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 431.79 285.50 Td (from ) Tj ET Q q 0 0 0 rg BT 448.91 285.50 Td (any ) Tj ET Q q 0 0 0 rg BT 462.03 285.50 Td (delays ) Tj ET Q q 0 0 0 rg BT 484.04 285.50 Td (in ) Tj ET Q q 0 0 0 rg BT 491.84 285.50 Td (recording ) Tj ET Q q 0 0 0 rg BT 524.06 285.50 Td (the ) Tj ET Q q 0 0 0 rg BT 535.41 285.50 Td (issuance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 275.90 Td (and ) Tj ET Q q 0 0 0 rg BT 117.05 275.90 Td (delivery ) Tj ET Q q 0 0 0 rg BT 145.26 275.90 Td (of ) Tj ET Q q 0 0 0 rg BT 153.93 275.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 175.92 275.90 Td (to ) Tj ET Q q 0 0 0 rg BT 184.14 275.90 Td (the ) Tj ET Q q 0 0 0 rg BT 195.91 275.90 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 223.23 275.90 Td (in ) Tj ET Q q 0 0 0 rg BT 231.45 275.90 Td (the ) Tj ET Q q 0 0 0 rg BT 243.23 275.90 Td (records ) Tj ET Q q 0 0 0 rg BT 268.77 275.90 Td (of ) Tj ET Q q 0 0 0 rg BT 277.43 275.90 Td (the ) Tj ET Q q 0 0 0 rg BT 289.21 275.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 322.32 275.90 Td (or ) Tj ET Q q 0 0 0 rg BT 330.98 275.90 Td (its ) Tj ET Q q 0 0 0 rg BT 340.54 275.90 Td (transfer ) Tj ET Q q 0 0 0 rg BT 366.97 275.90 Td (agent ) Tj ET Q q 0 0 0 rg BT 386.29 275.90 Td (or ) Tj ET Q q 0 0 0 rg BT 394.96 275.90 Td (any ) Tj ET Q q 0 0 0 rg BT 408.51 275.90 Td (mistakes ) Tj ET Q q 0 0 0 rg BT 438.50 275.90 Td (or ) Tj ET Q q 0 0 0 rg BT 447.17 275.90 Td (errors ) Tj ET Q q 0 0 0 rg BT 467.82 275.90 Td (connected ) Tj ET Q q 0 0 0 rg BT 502.25 275.90 Td (therewith.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 254.30 Td (9. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 253.04804687499995 m 172.65625 253.04804687499995 l s q 0 0 0 rg BT 103.50 254.30 Td (Effect ) Tj ET Q q 0 0 0 rg BT 125.52 254.30 Td (Upon ) Tj ET Q q 0 0 0 rg BT 145.78 254.30 Td (Service.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.66 254.30 Td ( ) Tj ET Q q 0 0 0 rg BT 174.24 254.30 Td ( ) Tj ET Q q 0 0 0 rg BT 175.83 254.30 Td ( ) Tj ET Q q 0 0 0 rg BT 177.42 254.30 Td (Nothing ) Tj ET Q q 0 0 0 rg BT 205.23 254.30 Td (contained ) Tj ET Q q 0 0 0 rg BT 237.92 254.30 Td (in ) Tj ET Q q 0 0 0 rg BT 245.73 254.30 Td (this ) Tj ET Q q 0 0 0 rg BT 258.52 254.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 295.65 254.30 Td (or ) Tj ET Q q 0 0 0 rg BT 303.90 254.30 Td (in ) Tj ET Q q 0 0 0 rg BT 311.71 254.30 Td (the ) Tj ET Q q 0 0 0 rg BT 323.07 254.30 Td (Plan ) Tj ET Q q 0 0 0 rg BT 338.88 254.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 355.58 254.30 Td (confer ) Tj ET Q q 0 0 0 rg BT 377.60 254.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 395.19 254.30 Td (the ) Tj ET Q q 0 0 0 rg BT 406.55 254.30 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 433.45 254.30 Td (any ) Tj ET Q q 0 0 0 rg BT 446.59 254.30 Td (right ) Tj ET Q q 0 0 0 rg BT 463.29 254.30 Td (with ) Tj ET Q q 0 0 0 rg BT 479.10 254.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 503.34 254.30 Td (to ) Tj ET Q q 0 0 0 rg BT 511.15 254.30 Td (the ) Tj ET Q q 0 0 0 rg BT 522.51 254.30 Td (continuation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 244.70 Td (of ) Tj ET Q q 0 0 0 rg BT 111.99 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 123.59 244.70 Td (Grantee) Tj ET Q q 0 0 0 rg BT 151.13 244.70 Td (s ) Tj ET Q q 0 0 0 rg BT 156.07 244.70 Td (Service ) Tj ET Q q 0 0 0 rg BT 181.89 244.70 Td (with ) Tj ET Q q 0 0 0 rg BT 197.94 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 209.54 244.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 242.47 244.70 Td (or ) Tj ET Q q 0 0 0 rg BT 250.96 244.70 Td (interfere ) Tj ET Q q 0 0 0 rg BT 279.88 244.70 Td (in ) Tj ET Q q 0 0 0 rg BT 287.93 244.70 Td (any ) Tj ET Q q 0 0 0 rg BT 301.31 244.70 Td (way ) Tj ET Q q 0 0 0 rg BT 316.46 244.70 Td (with ) Tj ET Q q 0 0 0 rg BT 332.51 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 344.12 244.70 Td (right ) Tj ET Q q 0 0 0 rg BT 361.05 244.70 Td (of ) Tj ET Q q 0 0 0 rg BT 369.54 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 381.14 244.70 Td (Company) Tj ET Q q 0 0 0 rg BT 411.73 244.70 Td (, ) Tj ET Q q 0 0 0 rg BT 415.56 244.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 440.05 244.70 Td (to ) Tj ET Q q 0 0 0 rg BT 448.10 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 459.70 244.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 479.30 244.70 Td (of ) Tj ET Q q 0 0 0 rg BT 487.79 244.70 Td (any ) Tj ET Q q 0 0 0 rg BT 501.17 244.70 Td (separate ) Tj ET Q q 0 0 0 rg BT 529.20 244.70 Td (agreement ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.72 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.50 235.10 Td (contrary) Tj ET Q q 0 0 0 rg BT 149.63 235.10 Td (, ) Tj ET Q q 0 0 0 rg BT 153.63 235.10 Td (at ) Tj ET Q q 0 0 0 rg BT 161.40 235.10 Td (any ) Tj ET Q q 0 0 0 rg BT 174.95 235.10 Td (time ) Tj ET Q q 0 0 0 rg BT 191.17 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.39 235.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 231.60 235.10 Td (such ) Tj ET Q q 0 0 0 rg BT 248.27 235.10 Td (Service.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 213.50 Td (10. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 212.248046875 m 178.1796875 212.248046875 l s q 0 0 0 rg BT 103.50 213.50 Td (Refer) Tj ET Q q 0 0 0 rg BT 122.45 213.50 Td (ence ) Tj ET Q q 0 0 0 rg BT 139.46 213.50 Td (to ) Tj ET Q q 0 0 0 rg BT 148.04 213.50 Td (the ) Tj ET Q q 0 0 0 rg BT 160.62 213.50 Td (Plan.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.18 213.50 Td ( ) Tj ET Q q 0 0 0 rg BT 180.09 213.50 Td ( ) Tj ET Q q 0 0 0 rg BT 181.87 213.50 Td (The ) Tj ET Q q 0 0 0 rg BT 195.80 213.50 Td (A) Tj ET Q q 0 0 0 rg BT 200.84 213.50 Td (ward ) Tj ET Q q 0 0 0 rg BT 218.75 213.50 Td (has ) Tj ET Q q 0 0 0 rg BT 231.33 213.50 Td (been ) Tj ET Q q 0 0 0 rg BT 248.34 213.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 274.24 213.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 303.71 213.50 Td (to ) Tj ET Q q 0 0 0 rg BT 311.85 213.50 Td (and ) Tj ET Q q 0 0 0 rg BT 325.31 213.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 349.88 213.50 Td (to ) Tj ET Q q 0 0 0 rg BT 358.02 213.50 Td (the ) Tj ET Q q 0 0 0 rg BT 369.71 213.50 Td (provisions ) Tj ET Q q 0 0 0 rg BT 404.96 213.50 Td (of ) Tj ET Q q 0 0 0 rg BT 413.54 213.50 Td (the ) Tj ET Q q 0 0 0 rg BT 425.22 213.50 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 443.36 213.50 Td (which ) Tj ET Q q 0 0 0 rg BT 464.83 213.50 Td (are ) Tj ET Q q 0 0 0 rg BT 476.51 213.50 Td (hereby ) Tj ET Q q 0 0 0 rg BT 500.19 213.50 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 542.53 213.50 Td (herein ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 203.90 Td (by ) Tj ET Q q 0 0 0 rg BT 113.74 203.90 Td (reference. ) Tj ET Q q 0 0 0 rg BT 147.72 203.90 Td (Except ) Tj ET Q q 0 0 0 rg BT 172.17 203.90 Td (as ) Tj ET Q q 0 0 0 rg BT 181.07 203.90 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 214.40 203.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 245.08 203.90 Td (herein, ) Tj ET Q q 0 0 0 rg BT 269.30 203.90 Td (in ) Tj ET Q q 0 0 0 rg BT 277.76 203.90 Td (the ) Tj ET Q q 0 0 0 rg BT 289.77 203.90 Td (event ) Tj ET Q q 0 0 0 rg BT 309.33 203.90 Td (of ) Tj ET Q q 0 0 0 rg BT 318.23 203.90 Td (any ) Tj ET Q q 0 0 0 rg BT 332.02 203.90 Td (conflict ) Tj ET Q q 0 0 0 rg BT 358.69 203.90 Td (between ) Tj ET Q q 0 0 0 rg BT 387.58 203.90 Td (the ) Tj ET Q q 0 0 0 rg BT 399.59 203.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 419.60 203.90 Td (of ) Tj ET Q q 0 0 0 rg BT 428.50 203.90 Td (this ) Tj ET Q q 0 0 0 rg BT 441.80 203.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 479.57 203.90 Td (and ) Tj ET Q q 0 0 0 rg BT 493.36 203.90 Td (the ) Tj ET Q q 0 0 0 rg BT 505.37 203.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 525.38 203.90 Td (of ) Tj ET Q q 0 0 0 rg BT 534.28 203.90 Td (the ) Tj ET Q q 0 0 0 rg BT 546.29 203.90 Td (Plan, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 194.30 Td (the ) Tj ET Q q 0 0 0 rg BT 114.97 194.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 134.43 194.30 Td (of ) Tj ET Q q 0 0 0 rg BT 142.79 194.30 Td (the ) Tj ET Q q 0 0 0 rg BT 154.26 194.30 Td (Plan ) Tj ET Q q 0 0 0 rg BT 170.17 194.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 186.98 194.30 Td (govern. ) Tj ET Q q 0 0 0 rg BT 212.88 194.30 Td ( ) Tj ET Q q 0 0 0 rg BT 214.20 194.30 Td (All ) Tj ET Q q 0 0 0 rg BT 226.12 194.30 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 262.46 194.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 281.93 194.30 Td (that ) Tj ET Q q 0 0 0 rg BT 295.61 194.30 Td (are ) Tj ET Q q 0 0 0 rg BT 307.07 194.30 Td (used ) Tj ET Q q 0 0 0 rg BT 323.43 194.30 Td (in ) Tj ET Q q 0 0 0 rg BT 331.35 194.30 Td (this ) Tj ET Q q 0 0 0 rg BT 344.23 194.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 381.46 194.30 Td (and ) Tj ET Q q 0 0 0 rg BT 394.70 194.30 Td (not ) Tj ET Q q 0 0 0 rg BT 406.62 194.30 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 439.41 194.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 465.09 194.30 Td (herein ) Tj ET Q q 0 0 0 rg BT 486.78 194.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 503.58 194.30 Td (have ) Tj ET Q q 0 0 0 rg BT 520.37 194.30 Td (the ) Tj ET Q q 0 0 0 rg BT 531.84 194.30 Td (meanings ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 184.70 Td (ascribed ) Tj ET Q q 0 0 0 rg BT 132.15 184.70 Td (to ) Tj ET Q q 0 0 0 rg BT 140.38 184.70 Td (them ) Tj ET Q q 0 0 0 rg BT 158.37 184.70 Td (in ) Tj ET Q q 0 0 0 rg BT 166.59 184.70 Td (the ) Tj ET Q q 0 0 0 rg BT 178.37 184.70 Td (Plan.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 163.10 Td (1) Tj ET Q q 0 0 0 rg BT 89.20 163.10 Td (1. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 161.84804687500002 m 158.37890625 161.84804687500002 l s q 0 0 0 rg BT 103.50 163.10 Td (Determinations.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 158.38 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.89 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.39 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.90 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.30 163.10 Td (The ) Tj ET Q q 0 0 0 rg BT 178.24 163.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 215.30 163.10 Td (has ) Tj ET Q q 0 0 0 rg BT 227.47 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.75 163.10 Td (power ) Tj ET Q q 0 0 0 rg BT 260.25 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.98 163.10 Td (interpret ) Tj ET Q q 0 0 0 rg BT 296.58 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.86 163.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 323.59 163.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.65 163.10 Td (this ) Tj ET Q q 0 0 0 rg BT 349.38 163.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 386.43 163.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.49 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.22 163.10 Td (administer) Tj ET Q q 0 0 0 rg BT 440.67 163.10 Td (, ) Tj ET Q q 0 0 0 rg BT 444.17 163.10 Td (interpret ) Tj ET Q q 0 0 0 rg BT 472.78 163.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.83 163.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 505.12 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.40 163.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 532.13 163.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.85 163.10 Td (respect ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 153.50 Td (of ) Tj ET Q q 0 0 0 rg BT 112.29 153.50 Td (the ) Tj ET Q q 0 0 0 rg BT 124.19 153.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 167.19 153.50 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 201.75 153.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 222.10 153.50 Td (Units ) Tj ET Q q 0 0 0 rg BT 241.56 153.50 Td (in ) Tj ET Q q 0 0 0 rg BT 249.92 153.50 Td (a ) Tj ET Q q 0 0 0 rg BT 255.59 153.50 Td (manner ) Tj ET Q q 0 0 0 rg BT 281.71 153.50 Td (consistent ) Tj ET Q q 0 0 0 rg BT 315.83 153.50 Td (with ) Tj ET Q q 0 0 0 rg BT 332.18 153.50 Td (the ) Tj ET Q q 0 0 0 rg BT 344.09 153.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 363.99 153.50 Td (thereof ) Tj ET Q q 0 0 0 rg BT 388.77 153.50 Td (and ) Tj ET Q q 0 0 0 rg BT 402.45 153.50 Td (hereof ) Tj ET Q q 0 0 0 rg BT 425.00 153.50 Td (\(including, ) Tj ET Q q 0 0 0 rg BT 462.01 153.50 Td (but ) Tj ET Q q 0 0 0 rg BT 474.37 153.50 Td (not ) Tj ET Q q 0 0 0 rg BT 486.72 153.50 Td (limited ) Tj ET Q q 0 0 0 rg BT 511.51 153.50 Td (to, ) Tj ET Q q 0 0 0 rg BT 521.86 153.50 Td (determining, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 143.90 Td (in ) Tj ET Q q 0 0 0 rg BT 111.33 143.90 Td (is ) Tj ET Q q 0 0 0 rg BT 118.27 143.90 Td (sole ) Tj ET Q q 0 0 0 rg BT 132.76 143.90 Td (and ) Tj ET Q q 0 0 0 rg BT 145.91 143.90 Td (absolute ) Tj ET Q q 0 0 0 rg BT 174.18 143.90 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 209.33 143.90 Td (whether ) Tj ET Q q 0 0 0 rg BT 236.70 143.90 Td (any ) Tj ET Q q 0 0 0 rg BT 249.86 143.90 Td (Performance ) Tj ET Q q 0 0 0 rg BT 292.33 143.90 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 326.37 143.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 346.19 143.90 Td (Units ) Tj ET Q q 0 0 0 rg BT 365.13 143.90 Td (have ) Tj ET Q q 0 0 0 rg BT 381.84 143.90 Td (vested ) Tj ET Q q 0 0 0 rg BT 403.88 143.90 Td (and ) Tj ET Q q 0 0 0 rg BT 417.04 143.90 Td (whether ) Tj ET Q q 0 0 0 rg BT 444.41 143.90 Td (any ) Tj ET Q q 0 0 0 rg BT 457.56 143.90 Td (unvested ) Tj ET Q q 0 0 0 rg BT 487.60 143.90 Td (Performance ) Tj ET Q q 0 0 0 rg BT 530.08 143.90 Td (Restricted ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 134.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 123.87 134.30 Td (Units ) Tj ET Q q 0 0 0 rg BT 143.35 134.30 Td (of ) Tj ET Q q 0 0 0 rg BT 152.16 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 164.07 134.30 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 191.54 134.30 Td (may ) Tj ET Q q 0 0 0 rg BT 207.45 134.30 Td (be ) Tj ET Q q 0 0 0 rg BT 217.15 134.30 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 255.26 134.30 Td (and ) Tj ET Q q 0 0 0 rg BT 268.95 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 280.87 134.30 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 328.63 134.30 Td (V) Tj ET Q q 0 0 0 rg BT 333.52 134.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 354.77 134.30 Td (Date ) Tj ET Q q 0 0 0 rg BT 372.02 134.30 Td (thereof\). ) Tj ET Q q 0 0 0 rg BT 401.48 134.30 Td ( ) Tj ET Q q 0 0 0 rg BT 403.62 134.30 Td (Each ) Tj ET Q q 0 0 0 rg BT 421.76 134.30 Td (determination, ) Tj ET Q q 0 0 0 rg BT 470.33 134.30 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 515.57 134.30 Td (or ) Tj ET Q q 0 0 0 rg BT 524.38 134.30 Td (other ) Tj ET Q q 0 0 0 rg BT 542.96 134.30 Td (action ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 124.70 Td (made ) Tj ET Q q 0 0 0 rg BT 122.77 124.70 Td (or ) Tj ET Q q 0 0 0 rg BT 131.38 124.70 Td (taken ) Tj ET Q q 0 0 0 rg BT 150.64 124.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 180.14 124.70 Td (to ) Tj ET Q q 0 0 0 rg BT 188.30 124.70 Td (the ) Tj ET Q q 0 0 0 rg BT 200.02 124.70 Td (provisions ) Tj ET Q q 0 0 0 rg BT 235.30 124.70 Td (of ) Tj ET Q q 0 0 0 rg BT 243.91 124.70 Td (this ) Tj ET Q q 0 0 0 rg BT 256.98 124.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 294.46 124.70 Td (by ) Tj ET Q q 0 0 0 rg BT 304.41 124.70 Td (the ) Tj ET Q q 0 0 0 rg BT 316.12 124.70 Td (Committee ) Tj ET Q q 0 0 0 rg BT 353.62 124.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 370.67 124.70 Td (be ) Tj ET Q q 0 0 0 rg BT 380.16 124.70 Td (final ) Tj ET Q q 0 0 0 rg BT 396.77 124.70 Td (and ) Tj ET Q q 0 0 0 rg BT 410.26 124.70 Td (conclusive ) Tj ET Q q 0 0 0 rg BT 446.42 124.70 Td (for ) Tj ET Q q 0 0 0 rg BT 457.69 124.70 Td (all ) Tj ET Q q 0 0 0 rg BT 467.63 124.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 498.01 124.70 Td (and ) Tj ET Q q 0 0 0 rg BT 511.50 124.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 528.56 124.70 Td (be ) Tj ET Q q 0 0 0 rg BT 538.05 124.70 Td (binding ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 115.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 121.50 115.10 Td (all ) Tj ET Q q 0 0 0 rg BT 131.50 115.10 Td (persons, ) Tj ET Q q 0 0 0 rg BT 159.94 115.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 194.16 115.10 Td (without ) Tj ET Q q 0 0 0 rg BT 220.60 115.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 255.71 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.48 115.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 300.59 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.14 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.92 115.10 Td (Grantee, ) Tj ET Q q 0 0 0 rg BT 355.23 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.79 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.56 115.10 Td (Grantee) Tj ET Q q 0 0 0 rg BT 408.10 115.10 Td (s ) Tj ET Q q 0 0 0 rg BT 413.21 115.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 447.64 115.10 Td (successors ) Tj ET Q q 0 0 0 rg BT 483.41 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.96 115.10 Td (assigns. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 93.50 Td (12. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 92.248046875 m 255.09375 92.248046875 l s q 0 0 0 rg BT 103.50 93.50 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 137.29 93.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 188.87 93.50 Td (Recoupment ) Tj ET Q q 0 0 0 rg BT 234.21 93.50 Td (Policy) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.09 93.50 Td (. ) Tj ET Q q 0 0 0 rg BT 259.33 93.50 Td ( ) Tj ET Q q 0 0 0 rg BT 261.41 93.50 Td (The ) Tj ET Q q 0 0 0 rg BT 275.59 93.50 Td (A) Tj ET Q q 0 0 0 rg BT 280.63 93.50 Td (ward ) Tj ET Q q 0 0 0 rg BT 298.86 93.50 Td (and ) Tj ET Q q 0 0 0 rg BT 312.65 93.50 Td (the ) Tj ET Q q 0 0 0 rg BT 324.66 93.50 Td (underlying ) Tj ET Q q 0 0 0 rg BT 361.56 93.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 404.67 93.50 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 439.34 93.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 459.80 93.50 Td (Units ) Tj ET Q q 0 0 0 rg BT 479.38 93.50 Td (are ) Tj ET Q q 0 0 0 rg BT 491.38 93.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 516.28 93.50 Td (to ) Tj ET Q q 0 0 0 rg BT 524.74 93.50 Td (recoupment ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 83.90 Td (in ) Tj ET Q q 0 0 0 rg BT 111.72 83.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 149.69 83.90 Td (with ) Tj ET Q q 0 0 0 rg BT 165.91 83.90 Td (the ) Tj ET Q q 0 0 0 rg BT 177.69 83.90 Td (Company) Tj ET Q q 0 0 0 rg BT 211.02 83.90 Td (s ) Tj ET Q q 0 0 0 rg BT 216.13 83.90 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 247.89 83.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 296.11 83.90 Td (Recoupment ) Tj ET Q q 0 0 0 rg BT 338.55 83.90 Td (Policy ) Tj ET Q q 0 0 0 rg BT 360.99 83.90 Td (in ) Tj ET Q q 0 0 0 rg BT 369.21 83.90 Td (ef) Tj ET Q q 0 0 0 rg BT 375.29 83.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 389.27 83.90 Td (from ) Tj ET Q q 0 0 0 rg BT 406.82 83.90 Td (time ) Tj ET Q q 0 0 0 rg BT 423.04 83.90 Td (to ) Tj ET Q q 0 0 0 rg BT 431.27 83.90 Td (time.) Tj ET Q endstream endobj 181 0 obj <> endobj 182 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 741.50 Td (13. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 740.248046875 m 190.56640625 740.248046875 l s q 0 0 0 rg BT 103.50 741.50 Td (Section ) Tj ET Q q 0 0 0 rg BT 130.82 741.50 Td (409A) Tj ET Q q 0 0 0 rg BT 148.16 741.50 Td ( ) Tj ET Q q 0 0 0 rg BT 150.59 741.50 Td (of ) Tj ET Q q 0 0 0 rg BT 159.69 741.50 Td (the ) Tj ET Q q 0 0 0 rg BT 172.79 741.50 Td (Code) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.57 741.50 Td (. ) Tj ET Q q 0 0 0 rg BT 195.00 741.50 Td ( ) Tj ET Q q 0 0 0 rg BT 197.44 741.50 Td (It ) Tj ET Q q 0 0 0 rg BT 204.76 741.50 Td (is ) Tj ET Q q 0 0 0 rg BT 212.53 741.50 Td (intended ) Tj ET Q q 0 0 0 rg BT 242.51 741.50 Td (that ) Tj ET Q q 0 0 0 rg BT 256.94 741.50 Td (the ) Tj ET Q q 0 0 0 rg BT 269.15 741.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 312.45 741.50 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 347.32 741.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 367.97 741.50 Td (Units ) Tj ET Q q 0 0 0 rg BT 387.75 741.50 Td (are ) Tj ET Q q 0 0 0 rg BT 399.95 741.50 Td (exempt ) Tj ET Q q 0 0 0 rg BT 425.93 741.50 Td (from ) Tj ET Q q 0 0 0 rg BT 443.91 741.50 Td (Sections ) Tj ET Q q 0 0 0 rg BT 473.46 741.50 Td (409A) Tj ET Q q 0 0 0 rg BT 490.79 741.50 Td ( ) Tj ET Q q 0 0 0 rg BT 493.23 741.50 Td (and ) Tj ET Q q 0 0 0 rg BT 507.21 741.50 Td (457A) Tj ET Q q 0 0 0 rg BT 524.55 741.50 Td ( ) Tj ET Q q 0 0 0 rg BT 526.98 741.50 Td (of ) Tj ET Q q 0 0 0 rg BT 536.08 741.50 Td (the ) Tj ET Q q 0 0 0 rg BT 548.29 741.50 Td (U.S. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 731.90 Td (Internal ) Tj ET Q q 0 0 0 rg BT 130.36 731.90 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 160.33 731.90 Td (Code ) Tj ET Q q 0 0 0 rg BT 179.20 731.90 Td (of ) Tj ET Q q 0 0 0 rg BT 187.84 731.90 Td (1986 ) Tj ET Q q 0 0 0 rg BT 205.83 731.90 Td (\(as ) Tj ET Q q 0 0 0 rg BT 217.14 731.90 Td (amended, ) Tj ET Q q 0 0 0 rg BT 249.99 731.90 Td (the ) Tj ET Q q 0 0 0 rg BT 261.75 731.90 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.30 731.90 Td (Code) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.08 731.90 Td (\) ) Tj ET Q q 0 0 0 rg BT 291.28 731.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 320.81 731.90 Td (to ) Tj ET Q q 0 0 0 rg BT 329.01 731.90 Td (the ) Tj ET Q q 0 0 0 rg BT 340.77 731.90 Td (short-term ) Tj ET Q q 0 0 0 rg BT 379.63 731.90 Td (deferral ) Tj ET Q q 0 0 0 rg BT 410.03 731.90 Td (rule ) Tj ET Q q 0 0 0 rg BT 424.45 731.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 459.30 731.90 Td (to ) Tj ET Q q 0 0 0 rg BT 467.51 731.90 Td (each ) Tj ET Q q 0 0 0 rg BT 484.14 731.90 Td (such ) Tj ET Q q 0 0 0 rg BT 500.79 731.90 Td (section, ) Tj ET Q q 0 0 0 rg BT 527.43 731.90 Td (as ) Tj ET Q q 0 0 0 rg BT 536.08 731.90 Td (set ) Tj ET Q q 0 0 0 rg BT 546.95 731.90 Td (forth ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 722.30 Td (in ) Tj ET Q q 0 0 0 rg BT 111.75 722.30 Td (the ) Tj ET Q q 0 0 0 rg BT 123.54 722.30 Td (regulations ) Tj ET Q q 0 0 0 rg BT 161.11 722.30 Td (or ) Tj ET Q q 0 0 0 rg BT 169.80 722.30 Td (other ) Tj ET Q q 0 0 0 rg BT 188.26 722.30 Td (guidance ) Tj ET Q q 0 0 0 rg BT 219.16 722.30 Td (published ) Tj ET Q q 0 0 0 rg BT 252.29 722.30 Td (thereunder) Tj ET Q q 0 0 0 rg BT 286.05 722.30 Td (. ) Tj ET Q q 0 0 0 rg BT 290.08 722.30 Td ( ) Tj ET Q q 0 0 0 rg BT 292.10 722.30 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 347.46 722.30 Td (the ) Tj ET Q q 0 0 0 rg BT 359.25 722.30 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 394.38 722.30 Td (the ) Tj ET Q q 0 0 0 rg BT 406.18 722.30 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 433.52 722.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 450.65 722.30 Td (be ) Tj ET Q q 0 0 0 rg BT 460.22 722.30 Td (solely ) Tj ET Q q 0 0 0 rg BT 481.36 722.30 Td (responsible ) Tj ET Q q 0 0 0 rg BT 519.82 722.30 Td (and ) Tj ET Q q 0 0 0 rg BT 533.39 722.30 Td (liable ) Tj ET Q q 0 0 0 rg BT 553.18 722.30 Td (for ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 712.70 Td (the ) Tj ET Q q 0 0 0 rg BT 115.51 712.70 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 154.18 712.70 Td (of ) Tj ET Q q 0 0 0 rg BT 163.09 712.70 Td (all ) Tj ET Q q 0 0 0 rg BT 173.32 712.70 Td (taxes ) Tj ET Q q 0 0 0 rg BT 192.00 712.70 Td (and ) Tj ET Q q 0 0 0 rg BT 205.79 712.70 Td (penalties ) Tj ET Q q 0 0 0 rg BT 236.46 712.70 Td (that ) Tj ET Q q 0 0 0 rg BT 250.69 712.70 Td (may ) Tj ET Q q 0 0 0 rg BT 266.70 712.70 Td (be ) Tj ET Q q 0 0 0 rg BT 276.49 712.70 Td (imposed ) Tj ET Q q 0 0 0 rg BT 305.84 712.70 Td (on ) Tj ET Q q 0 0 0 rg BT 316.08 712.70 Td (the ) Tj ET Q q 0 0 0 rg BT 328.09 712.70 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 355.64 712.70 Td (in ) Tj ET Q q 0 0 0 rg BT 364.11 712.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 401.44 712.70 Td (with ) Tj ET Q q 0 0 0 rg BT 417.90 712.70 Td (the ) Tj ET Q q 0 0 0 rg BT 429.42 712.70 Td (A) Tj ET Q q 0 0 0 rg BT 434.46 712.70 Td (ward ) Tj ET Q q 0 0 0 rg BT 452.69 712.70 Td (\(including ) Tj ET Q q 0 0 0 rg BT 487.81 712.70 Td (any ) Tj ET Q q 0 0 0 rg BT 501.60 712.70 Td (taxes ) Tj ET Q q 0 0 0 rg BT 520.28 712.70 Td (and ) Tj ET Q q 0 0 0 rg BT 534.07 712.70 Td (penalties ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 703.10 Td (under ) Tj ET Q q 0 0 0 rg BT 124.29 703.10 Td (Sections ) Tj ET Q q 0 0 0 rg BT 153.98 703.10 Td (409A) Tj ET Q q 0 0 0 rg BT 171.32 703.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.89 703.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.02 703.10 Td (457A) Tj ET Q q 0 0 0 rg BT 205.36 703.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.94 703.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.18 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.53 703.10 Td (Code\), ) Tj ET Q q 0 0 0 rg BT 253.66 703.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.79 703.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 292.58 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.93 703.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 338.62 703.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 351.86 703.10 Td (any ) Tj ET Q q 0 0 0 rg BT 365.99 703.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.23 703.10 Td (its ) Tj ET Q q 0 0 0 rg BT 385.37 703.10 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 427.05 703.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 444.74 703.10 Td (have ) Tj ET Q q 0 0 0 rg BT 462.42 703.10 Td (any ) Tj ET Q q 0 0 0 rg BT 476.55 703.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 511.57 703.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.37 703.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 555.83 703.10 Td (or ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 693.50 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 136.60 693.50 Td (hold ) Tj ET Q q 0 0 0 rg BT 152.82 693.50 Td (the ) Tj ET Q q 0 0 0 rg BT 164.60 693.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 191.91 693.50 Td (harmless ) Tj ET Q q 0 0 0 rg BT 222.35 693.50 Td (from ) Tj ET Q q 0 0 0 rg BT 239.90 693.50 Td (any ) Tj ET Q q 0 0 0 rg BT 253.45 693.50 Td (or ) Tj ET Q q 0 0 0 rg BT 262.12 693.50 Td (all ) Tj ET Q q 0 0 0 rg BT 272.11 693.50 Td (of ) Tj ET Q q 0 0 0 rg BT 280.78 693.50 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Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 671.90 Td (14. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 85.5 670.648046875 m 228.53515625 670.648046875 l s q 0 0 0 rg BT 85.50 671.90 Td (Acceptance ) Tj ET Q q 0 0 0 rg BT 126.66 671.90 Td (of ) Tj ET Q q 0 0 0 rg BT 134.94 671.90 Td (A) Tj ET Q q 0 0 0 rg BT 140.13 671.90 Td (ward; ) Tj ET Q q 0 0 0 rg BT 162.64 671.90 Td (Electr) Tj ET Q q 0 0 0 rg BT 183.37 671.90 Td (onic ) Tj ET Q q 0 0 0 rg BT 199.66 671.90 Td (Delivery) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.54 671.90 Td (. ) Tj ET Q q 0 0 0 rg BT 232.46 671.90 Td (The ) Tj ET Q q 0 0 0 rg BT 246.96 671.90 Td (grant ) Tj ET Q q 0 0 0 rg BT 265.47 671.90 Td (of ) Tj ET Q q 0 0 0 rg BT 274.21 671.90 Td (Performance ) Tj ET Q q 0 0 0 rg BT 317.14 671.90 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 351.65 671.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 371.94 671.90 Td (Units ) Tj ET Q q 0 0 0 rg BT 391.35 671.90 Td (evidenced ) Tj ET Q q 0 0 0 rg BT 425.84 671.90 Td (by ) Tj ET Q q 0 0 0 rg BT 435.91 671.90 Td (this ) Tj ET Q q 0 0 0 rg BT 449.08 671.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 486.69 671.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 503.87 671.90 Td (be ) Tj ET Q q 0 0 0 rg BT 513.50 671.90 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 543.10 671.90 Td (for ) Tj ET Q q 0 0 0 rg BT 554.50 671.90 Td (no ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 662.30 Td (consideration ) Tj ET Q q 0 0 0 rg BT 130.36 662.30 Td (if ) Tj ET Q q 0 0 0 rg BT 137.02 662.30 Td (this ) Tj ET Q q 0 0 0 rg BT 149.95 662.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 187.25 662.30 Td (is ) Tj ET Q q 0 0 0 rg BT 194.36 662.30 Td (not ) Tj ET Q q 0 0 0 rg BT 206.34 662.30 Td (accepted ) Tj ET Q q 0 0 0 rg BT 236.09 662.30 Td (by ) Tj ET Q q 0 0 0 rg BT 245.85 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 257.39 662.30 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 284.47 662.30 Td (by ) Tj ET Q q 0 0 0 rg BT 294.24 662.30 Td (executing ) Tj ET Q q 0 0 0 rg BT 327.10 662.30 Td (and ) Tj ET Q q 0 0 0 rg BT 340.42 662.30 Td (returning ) Tj ET Q q 0 0 0 rg BT 371.51 662.30 Td (a ) Tj ET Q q 0 0 0 rg BT 376.83 662.30 Td (copy ) Tj ET Q q 0 0 0 rg BT 394.14 662.30 Td (of ) Tj ET Q q 0 0 0 rg BT 402.57 662.30 Td (this ) Tj ET Q q 0 0 0 rg BT 415.51 662.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 452.81 662.30 Td (to ) Tj ET Q q 0 0 0 rg BT 460.80 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 472.34 662.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 505.21 662.30 Td (within ) Tj ET Q q 0 0 0 rg BT 527.42 662.30 Td (ninety ) Tj ET Q q 0 0 0 rg BT 549.19 662.30 Td (\(90\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 652.70 Td (days ) Tj ET Q q 0 0 0 rg BT 101.86 652.70 Td (of ) Tj ET Q q 0 0 0 rg BT 110.22 652.70 Td (the ) Tj ET Q q 0 0 0 rg BT 121.69 652.70 Td (date ) Tj ET Q q 0 0 0 rg BT 136.71 652.70 Td (hereof. ) Tj ET Q q 0 0 0 rg BT 160.84 652.70 Td (By ) Tj ET Q q 0 0 0 rg BT 171.88 652.70 Td (executing ) Tj ET Q q 0 0 0 rg BT 204.67 652.70 Td (this ) Tj ET Q q 0 0 0 rg BT 217.55 652.70 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 256.79 652.70 Td (the ) Tj ET Q q 0 0 0 rg BT 268.26 652.70 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 295.27 652.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 304.52 652.70 Td (consents ) Tj ET Q q 0 0 0 rg BT 333.77 652.70 Td (to ) Tj ET Q q 0 0 0 rg BT 341.69 652.70 Td (the ) Tj ET Q q 0 0 0 rg BT 353.16 652.70 Td (electronic ) Tj ET Q q 0 0 0 rg BT 386.39 652.70 Td (delivery ) Tj ET Q q 0 0 0 rg BT 414.30 652.70 Td (of ) Tj ET Q q 0 0 0 rg BT 422.66 652.70 Td (this ) Tj ET Q q 0 0 0 rg BT 435.54 652.70 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 474.78 652.70 Td (all ) Tj ET Q q 0 0 0 rg BT 484.47 652.70 Td (information ) Tj ET Q q 0 0 0 rg BT 523.94 652.70 Td (with ) Tj ET Q q 0 0 0 rg BT 539.86 652.70 Td (respect ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 643.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.96 643.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.97 643.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 122.43 643.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.22 643.10 Td (the ) Tj ET 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ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 633.50 Td (via ) Tj ET Q q 0 0 0 rg BT 96.79 633.50 Td (the ) Tj ET Q q 0 0 0 rg BT 108.07 633.50 Td (internet ) Tj ET Q q 0 0 0 rg BT 134.02 633.50 Td (or ) Tj ET Q q 0 0 0 rg BT 142.19 633.50 Td (as ) Tj ET Q q 0 0 0 rg BT 150.37 633.50 Td (the ) Tj ET Q q 0 0 0 rg BT 161.65 633.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.27 633.50 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 226.89 633.50 Td (directs\); ) Tj ET Q q 0 0 0 rg BT 254.61 633.50 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 265.89 633.50 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 312.72 633.50 Td (that ) Tj ET Q q 0 0 0 rg BT 326.23 633.50 Td (the ) Tj ET Q q 0 0 0 rg BT 337.52 633.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 364.34 633.50 Td (may ) Tj ET Q q 0 0 0 rg BT 379.63 633.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 404.23 633.50 Td (from ) Tj ET Q q 0 0 0 rg BT 421.29 633.50 Td (the ) Tj ET Q q 0 0 0 rg BT 432.58 633.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 465.20 633.50 Td (a ) Tj ET Q q 0 0 0 rg BT 470.26 633.50 Td (paper ) Tj ET Q q 0 0 0 rg BT 489.54 633.50 Td (copy ) Tj ET Q q 0 0 0 rg BT 506.60 633.50 Td (of ) Tj ET Q q 0 0 0 rg BT 514.78 633.50 Td (any ) Tj ET Q q 0 0 0 rg BT 527.84 633.50 Td (documents ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 623.90 Td (delivered ) Tj ET Q q 0 0 0 rg BT 117.62 623.90 Td (electronically ) Tj ET Q q 0 0 0 rg BT 163.52 623.90 Td (at ) Tj ET Q q 0 0 0 rg BT 171.65 623.90 Td (no ) Tj ET Q q 0 0 0 rg BT 182.02 623.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 197.26 623.90 Td (by ) Tj ET Q q 0 0 0 rg BT 207.63 623.90 Td (contacting ) Tj ET Q q 0 0 0 rg BT 243.31 623.90 Td (the ) Tj ET Q q 0 0 0 rg BT 255.45 623.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 288.92 623.90 Td (in ) Tj ET Q q 0 0 0 rg BT 297.50 623.90 Td (writing; ) Tj ET Q q 0 0 0 rg BT 325.20 623.90 Td (and ) Tj ET Q q 0 0 0 rg BT 339.11 623.90 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 353.47 623.90 Td (further ) Tj ET Q q 0 0 0 rg BT 377.60 623.90 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 425.27 623.90 Td (that ) Tj ET Q q 0 0 0 rg BT 439.63 623.90 Td (the ) Tj ET Q q 0 0 0 rg BT 451.77 623.90 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 479.45 623.90 Td (may ) Tj ET Q q 0 0 0 rg BT 495.58 623.90 Td (revoke ) Tj ET Q q 0 0 0 rg BT 519.71 623.90 Td (the ) Tj ET Q q 0 0 0 rg BT 531.85 623.90 Td (Grantee) Tj ET Q q 0 0 0 rg BT 559.39 623.90 Td (s ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 614.30 Td (consent ) Tj ET Q q 0 0 0 rg BT 112.59 614.30 Td (to ) Tj ET Q q 0 0 0 rg BT 121.47 614.30 Td (the ) Tj ET Q q 0 0 0 rg BT 133.91 614.30 Td (electronic ) Tj ET Q q 0 0 0 rg BT 168.10 614.30 Td (delivery ) Tj ET Q q 0 0 0 rg BT 196.97 614.30 Td (of ) Tj ET Q q 0 0 0 rg BT 206.29 614.30 Td (documents ) Tj ET Q q 0 0 0 rg BT 243.60 614.30 Td (at ) Tj ET Q q 0 0 0 rg BT 252.04 614.30 Td (any ) Tj ET Q q 0 0 0 rg BT 266.24 614.30 Td (time ) Tj ET Q q 0 0 0 rg BT 283.12 614.30 Td (by ) Tj ET Q q 0 0 0 rg BT 293.78 614.30 Td (notifying ) Tj ET Q q 0 0 0 rg BT 325.77 614.30 Td (the ) Tj ET Q q 0 0 0 rg BT 338.20 614.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 371.96 614.30 Td (of ) Tj ET Q q 0 0 0 rg BT 381.28 614.30 Td (such ) Tj ET Q q 0 0 0 rg BT 398.61 614.30 Td (revocation ) Tj ET Q q 0 0 0 rg BT 435.02 614.30 Td (in ) Tj ET Q q 0 0 0 rg BT 443.90 614.30 Td (writing ) Tj ET Q q 0 0 0 rg BT 469.67 614.30 Td (and ) Tj ET Q q 0 0 0 rg BT 483.88 614.30 Td (providing ) Tj ET Q q 0 0 0 rg BT 517.65 614.30 Td (current ) Tj ET Q q 0 0 0 rg BT 542.96 614.30 Td (notice ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 604.70 Td (information ) Tj ET Q q 0 0 0 rg BT 125.27 604.70 Td (for ) Tj ET Q q 0 0 0 rg BT 136.60 604.70 Td (delivery ) Tj ET Q q 0 0 0 rg BT 164.81 604.70 Td (of ) Tj ET Q q 0 0 0 rg BT 173.47 604.70 Td (paper ) Tj ET Q q 0 0 0 rg BT 193.24 604.70 Td (copies.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 583.10 Td (15. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 85.5 581.848046875 m 110.37890625 581.848046875 l s q 0 0 0 rg BT 85.50 583.10 Td (Notices) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 110.38 583.10 Td (. ) Tj ET Q q 0 0 0 rg BT 113.47 583.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 128.65 583.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 149.60 583.10 Td (under ) Tj ET Q q 0 0 0 rg BT 169.21 583.10 Td (this ) Tj ET Q q 0 0 0 rg BT 181.87 583.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 218.81 583.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 235.32 583.10 Td (be ) Tj ET Q q 0 0 0 rg BT 244.27 583.10 Td (addressed ) Tj ET Q q 0 0 0 rg BT 277.21 583.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.84 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.01 583.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 328.52 583.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.15 583.10 Td (care ) Tj ET Q q 0 0 0 rg BT 350.86 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.93 583.10 Td (its ) Tj ET Q q 0 0 0 rg BT 367.89 583.10 Td (General ) Tj ET Q q 0 0 0 rg BT 394.61 583.10 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 422.23 583.10 Td (at ) Tj ET Q q 0 0 0 rg BT 429.41 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.58 583.10 Td (branch ) Tj ET Q q 0 0 0 rg BT 463.75 583.10 Td (of) Tj ET Q q 0 0 0 rg BT 470.27 583.10 Td (fices ) Tj ET Q q 0 0 0 rg BT 486.77 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.84 583.10 Td (CME ) Tj ET Q q 0 0 0 rg BT 513.57 583.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 535.41 583.10 Td (Services ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 573.50 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 114.74 573.50 Td (and ) Tj ET Q q 0 0 0 rg BT 128.21 573.50 Td (to ) Tj ET Q q 0 0 0 rg BT 136.35 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 148.04 573.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 175.27 573.50 Td (at ) Tj ET Q q 0 0 0 rg BT 182.96 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 194.65 573.50 Td (address ) Tj ET Q q 0 0 0 rg BT 220.56 573.50 Td (appearing ) Tj ET Q q 0 0 0 rg BT 254.01 573.50 Td (in ) Tj ET Q q 0 0 0 rg BT 262.15 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 273.84 573.50 Td (personnel ) Tj ET Q q 0 0 0 rg BT 306.86 573.50 Td (records ) Tj ET Q q 0 0 0 rg BT 332.32 573.50 Td (of ) Tj ET Q q 0 0 0 rg BT 340.90 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 352.59 573.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 385.61 573.50 Td (or ) Tj ET Q q 0 0 0 rg BT 394.19 573.50 Td (its ) Tj ET Q q 0 0 0 rg BT 403.25 573.50 Td (Af) Tj ET Q q 0 0 0 rg BT 411.54 573.50 Td (filiate ) Tj ET Q q 0 0 0 rg BT 432.11 573.50 Td (or ) Tj ET Q q 0 0 0 rg BT 440.69 573.50 Td (to ) Tj ET Q q 0 0 0 rg BT 448.83 573.50 Td (either ) Tj ET Q q 0 0 0 rg BT 468.96 573.50 Td (party ) Tj ET Q q 0 0 0 rg BT 487.31 573.50 Td (at ) Tj ET Q q 0 0 0 rg BT 495.00 573.50 Td (such ) Tj ET Q q 0 0 0 rg BT 511.58 573.50 Td (other ) Tj ET Q q 0 0 0 rg BT 529.94 573.50 Td (address ) Tj ET Q q 0 0 0 rg BT 555.84 573.50 Td (as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 563.90 Td (either ) Tj ET Q q 0 0 0 rg BT 105.71 563.90 Td (party ) Tj ET Q q 0 0 0 rg BT 124.15 563.90 Td (hereto ) Tj ET Q q 0 0 0 rg BT 146.14 563.90 Td (may ) Tj ET Q q 0 0 0 rg BT 161.91 563.90 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 192.33 563.90 Td (designate ) Tj ET Q q 0 0 0 rg BT 224.54 563.90 Td (in ) Tj ET Q q 0 0 0 rg BT 232.76 563.90 Td (writing ) Tj ET Q q 0 0 0 rg BT 257.87 563.90 Td (to ) Tj ET Q q 0 0 0 rg BT 266.09 563.90 Td (the ) Tj ET Q q 0 0 0 rg BT 277.87 563.90 Td (other) Tj ET Q q 0 0 0 rg BT 293.86 563.90 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 542.30 Td (16. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 541.048046875 m 145.71875 541.048046875 l s q 0 0 0 rg BT 103.50 542.30 Td (Amendment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 145.72 542.30 Td (. ) Tj ET Q q 0 0 0 rg BT 149.99 542.30 Td (The ) Tj ET Q q 0 0 0 rg BT 164.88 542.30 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 192.64 542.30 Td (hereby ) Tj ET Q q 0 0 0 rg BT 216.85 542.30 Td (consents ) Tj ET Q q 0 0 0 rg BT 246.85 542.30 Td (to ) Tj ET Q q 0 0 0 rg BT 255.52 542.30 Td (any ) Tj ET Q q 0 0 0 rg BT 269.52 542.30 Td (amendment ) Tj ET Q q 0 0 0 rg BT 309.29 542.30 Td (to ) Tj ET Q q 0 0 0 rg BT 317.96 542.30 Td (this ) Tj ET Q q 0 0 0 rg BT 331.43 542.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 369.42 542.30 Td (in ) Tj ET Q q 0 0 0 rg BT 378.09 542.30 Td (any ) Tj ET Q q 0 0 0 rg BT 392.09 542.30 Td (way ) Tj ET Q q 0 0 0 rg BT 407.86 542.30 Td (the ) Tj ET Q q 0 0 0 rg BT 420.08 542.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 458.08 542.30 Td (deems ) Tj ET Q q 0 0 0 rg BT 480.97 542.30 Td (necessary ) Tj ET Q q 0 0 0 rg BT 514.51 542.30 Td (or ) Tj ET Q q 0 0 0 rg BT 523.62 542.30 Td (advisable ) Tj ET Q q 0 0 0 rg BT 556.28 542.30 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 532.70 Td (comply ) Tj ET Q q 0 0 0 rg BT 129.84 532.70 Td (with ) Tj ET Q q 0 0 0 rg BT 146.41 532.70 Td (or ) Tj ET Q q 0 0 0 rg BT 155.42 532.70 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 178.65 532.70 Td (exemption ) Tj ET Q q 0 0 0 rg BT 214.77 532.70 Td (from ) Tj ET Q q 0 0 0 rg BT 232.66 532.70 Td (Sections ) Tj ET Q q 0 0 0 rg BT 262.12 532.70 Td (409A) Tj ET Q q 0 0 0 rg BT 279.46 532.70 Td ( ) Tj ET Q q 0 0 0 rg BT 281.80 532.70 Td (and ) Tj ET Q q 0 0 0 rg BT 295.70 532.70 Td (457A) Tj ET Q q 0 0 0 rg BT 313.03 532.70 Td ( ) Tj ET Q q 0 0 0 rg BT 315.38 532.70 Td (of ) Tj ET Q q 0 0 0 rg BT 324.39 532.70 Td (the ) Tj ET Q q 0 0 0 rg BT 336.51 532.70 Td (Code, ) Tj ET Q q 0 0 0 rg BT 357.74 532.70 Td (to ) Tj ET Q q 0 0 0 rg BT 366.31 532.70 Td (carry ) Tj ET Q q 0 0 0 rg BT 385.08 532.70 Td (out ) Tj ET Q q 0 0 0 rg BT 397.65 532.70 Td (the ) Tj ET Q q 0 0 0 rg BT 409.77 532.70 Td (purpose ) Tj ET Q q 0 0 0 rg BT 437.45 532.70 Td (of ) Tj ET Q q 0 0 0 rg BT 446.46 532.70 Td (the ) Tj ET Q q 0 0 0 rg BT 458.57 532.70 Td (grant, ) Tj ET Q q 0 0 0 rg BT 479.36 532.70 Td (or ) Tj ET Q q 0 0 0 rg BT 488.37 532.70 Td (in ) Tj ET Q q 0 0 0 rg BT 496.94 532.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 534.38 532.70 Td (with ) Tj ET Q q 0 0 0 rg BT 550.95 532.70 Td (any ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 523.10 Td (change ) Tj ET Q q 0 0 0 rg BT 128.07 523.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.20 523.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 170.99 523.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 187.57 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 196.14 523.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 230.49 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 239.07 523.10 Td (any ) Tj ET Q q 0 0 0 rg BT 252.54 523.10 Td (future ) Tj ET Q q 0 0 0 rg BT 273.55 523.10 Td (law ) Tj ET Q q 0 0 0 rg BT 287.02 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 295.59 523.10 Td (regulation. ) Tj ET Q q 0 0 0 rg BT 331.94 523.10 Td (Except ) Tj ET Q q 0 0 0 rg BT 356.07 523.10 Td (as ) Tj ET Q q 0 0 0 rg BT 364.64 523.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 395.00 523.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 418.01 523.10 Td (any ) Tj ET Q q 0 0 0 rg BT 431.48 523.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 470.71 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.85 523.10 Td (this ) Tj ET Q q 0 0 0 rg BT 491.90 523.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 529.35 523.10 Td (must ) Tj ET Q q 0 0 0 rg BT 546.82 523.10 Td (be ) Tj ET Q q 0 0 0 rg BT 556.29 523.10 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 513.50 Td (writing ) Tj ET Q q 0 0 0 rg BT 128.61 513.50 Td (and ) Tj ET Q q 0 0 0 rg BT 142.16 513.50 Td (signed ) Tj ET Q q 0 0 0 rg BT 165.05 513.50 Td (by ) Tj ET Q q 0 0 0 rg BT 175.05 513.50 Td (the ) Tj ET Q q 0 0 0 rg BT 186.82 513.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 219.93 513.50 Td (and ) Tj ET Q q 0 0 0 rg BT 233.48 513.50 Td (the ) Tj ET Q q 0 0 0 rg BT 245.25 513.50 Td (Grantee. ) Tj ET Q q 0 0 0 rg BT 274.57 513.50 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 491.90 Td (17. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 490.648046875 m 158.6171875 490.648046875 l s q 0 0 0 rg BT 103.50 491.90 Td (Governing ) Tj ET Q q 0 0 0 rg BT 141.95 491.90 Td (Law) Tj ET Q q 0 0 0 rg BT 156.62 491.90 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 158.62 491.90 Td ( ) Tj ET Q q 0 0 0 rg BT 160.62 491.90 Td ( ) Tj ET Q q 0 0 0 rg BT 162.62 491.90 Td ( ) Tj ET Q q 0 0 0 rg BT 164.62 491.90 Td ( ) Tj ET Q q 0 0 0 rg BT 166.47 491.90 Td (This ) Tj ET Q q 0 0 0 rg BT 182.25 491.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 219.79 491.90 Td (and ) Tj ET Q q 0 0 0 rg BT 233.34 491.90 Td (all ) Tj ET Q q 0 0 0 rg BT 243.34 491.90 Td (determinations ) Tj ET Q q 0 0 0 rg BT 292.88 491.90 Td (made ) Tj ET Q q 0 0 0 rg BT 312.21 491.90 Td (and ) Tj ET Q q 0 0 0 rg BT 325.76 491.90 Td (actions ) Tj ET Q q 0 0 0 rg BT 350.42 491.90 Td (taken ) Tj ET Q q 0 0 0 rg BT 369.74 491.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 399.29 491.90 Td (hereto ) Tj ET Q q 0 0 0 rg BT 421.28 491.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 438.39 491.90 Td (be ) Tj ET Q q 0 0 0 rg BT 447.94 491.90 Td (governed ) Tj ET Q q 0 0 0 rg BT 479.71 491.90 Td (by ) Tj ET Q q 0 0 0 rg BT 489.71 491.90 Td (the ) Tj ET Q q 0 0 0 rg BT 501.48 491.90 Td (laws ) Tj ET Q q 0 0 0 rg BT 518.14 491.90 Td (of ) Tj ET Q q 0 0 0 rg BT 526.81 491.90 Td (Bermuda.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 470.30 Td (18. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 469.048046875 m 144.3828125 469.048046875 l s q 0 0 0 rg BT 103.50 470.30 Td (Severability) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.38 470.30 Td (. ) Tj ET Q q 0 0 0 rg BT 148.78 470.30 Td ( ) Tj ET Q q 0 0 0 rg BT 151.17 470.30 Td (In ) Tj ET Q q 0 0 0 rg BT 160.22 470.30 Td (the ) Tj ET Q q 0 0 0 rg BT 172.39 470.30 Td (event ) Tj ET Q q 0 0 0 rg BT 192.11 470.30 Td (any ) Tj ET Q q 0 0 0 rg BT 206.05 470.30 Td (provision ) Tj ET Q q 0 0 0 rg BT 238.67 470.30 Td (of ) Tj ET Q q 0 0 0 rg BT 247.72 470.30 Td (this ) Tj ET Q q 0 0 0 rg BT 261.15 470.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 299.08 470.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 316.58 470.30 Td (be ) Tj ET Q q 0 0 0 rg BT 326.52 470.30 Td (held ) Tj ET Q q 0 0 0 rg BT 342.69 470.30 Td (illegal ) Tj ET Q q 0 0 0 rg BT 365.07 470.30 Td (or ) Tj ET Q q 0 0 0 rg BT 374.13 470.30 Td (invalid ) Tj ET Q q 0 0 0 rg BT 398.74 470.30 Td (for ) Tj ET Q q 0 0 0 rg BT 410.46 470.30 Td (any ) Tj ET Q q 0 0 0 rg BT 424.41 470.30 Td (reason, ) Tj ET Q q 0 0 0 rg BT 449.68 470.30 Td (the ) Tj ET Q q 0 0 0 rg BT 461.84 470.30 Td (illegality ) Tj ET Q q 0 0 0 rg BT 492.67 470.30 Td (or ) Tj ET Q q 0 0 0 rg BT 501.73 470.30 Td (invalidity ) Tj ET Q q 0 0 0 rg BT 534.79 470.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 552.29 470.30 Td (not ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 460.70 Td (af) Tj ET Q q 0 0 0 rg BT 109.57 460.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 123.45 460.70 Td (the ) Tj ET Q q 0 0 0 rg BT 135.12 460.70 Td (remaining ) Tj ET Q q 0 0 0 rg BT 169.45 460.70 Td (provisions ) Tj ET Q q 0 0 0 rg BT 204.68 460.70 Td (of ) Tj ET Q q 0 0 0 rg BT 213.24 460.70 Td (this ) Tj ET Q q 0 0 0 rg BT 226.27 460.70 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 265.71 460.70 Td (and ) Tj ET Q q 0 0 0 rg BT 279.15 460.70 Td (this ) Tj ET Q q 0 0 0 rg BT 292.19 460.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 329.62 460.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 346.63 460.70 Td (be ) Tj ET Q q 0 0 0 rg BT 356.07 460.70 Td (construed ) Tj ET Q q 0 0 0 rg BT 389.07 460.70 Td (and ) Tj ET Q q 0 0 0 rg BT 402.51 460.70 Td (enforced ) Tj ET Q q 0 0 0 rg BT 432.39 460.70 Td (as ) Tj ET Q q 0 0 0 rg BT 440.95 460.70 Td (if ) Tj ET Q q 0 0 0 rg BT 447.73 460.70 Td (such ) Tj ET Q q 0 0 0 rg BT 464.29 460.70 Td (illegal ) Tj ET Q q 0 0 0 rg BT 486.17 460.70 Td (or ) Tj ET Q q 0 0 0 rg BT 494.73 460.70 Td (invalid ) Tj ET Q q 0 0 0 rg BT 518.84 460.70 Td (provision ) Tj ET Q q 0 0 0 rg BT 550.96 460.70 Td (had ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 451.10 Td (not ) Tj ET Q q 0 0 0 rg BT 115.72 451.10 Td (been ) Tj ET Q q 0 0 0 rg BT 132.82 451.10 Td (included. ) Tj ET Q q 0 0 0 rg BT 164.37 451.10 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 429.50 Td (19. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 428.248046875 m 149.71875 428.248046875 l s q 0 0 0 rg BT 103.50 429.50 Td (Counterparts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 149.72 429.50 Td (. ) Tj ET Q q 0 0 0 rg BT 153.35 429.50 Td ( ) Tj ET Q q 0 0 0 rg BT 154.86 429.50 Td (This ) Tj ET Q q 0 0 0 rg BT 170.35 429.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 207.52 429.50 Td (may ) Tj ET Q q 0 0 0 rg BT 222.92 429.50 Td (be ) Tj ET Q q 0 0 0 rg BT 232.10 429.50 Td (signed ) Tj ET Q q 0 0 0 rg BT 254.62 429.50 Td (in ) Tj ET Q q 0 0 0 rg BT 262.47 429.50 Td (counterparts, ) Tj ET Q q 0 0 0 rg BT 305.64 429.50 Td (each ) Tj ET Q q 0 0 0 rg BT 321.92 429.50 Td (of ) Tj ET Q q 0 0 0 rg BT 330.21 429.50 Td (which ) Tj ET Q q 0 0 0 rg BT 351.39 429.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 368.13 429.50 Td (be ) Tj ET Q q 0 0 0 rg BT 377.31 429.50 Td (an ) Tj ET Q q 0 0 0 rg BT 386.49 429.50 Td (original, ) Tj ET Q q 0 0 0 rg BT 415.00 429.50 Td (with ) Tj ET Q q 0 0 0 rg BT 430.85 429.50 Td (the ) Tj ET Q q 0 0 0 rg BT 442.25 429.50 Td (same ) Tj ET Q q 0 0 0 rg BT 460.32 429.50 Td (ef) Tj ET Q q 0 0 0 rg BT 466.39 429.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 480.01 429.50 Td (as ) Tj ET Q q 0 0 0 rg BT 488.30 429.50 Td (if ) Tj ET Q q 0 0 0 rg BT 494.82 429.50 Td (the ) Tj ET Q q 0 0 0 rg BT 506.22 429.50 Td (signatures ) Tj ET Q q 0 0 0 rg BT 540.28 429.50 Td (thereto ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 419.90 Td (and ) Tj ET Q q 0 0 0 rg BT 117.05 419.90 Td (hereto ) Tj ET Q q 0 0 0 rg BT 139.04 419.90 Td (were ) Tj ET Q q 0 0 0 rg BT 156.58 419.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 174.58 419.90 Td (the ) Tj ET Q q 0 0 0 rg BT 186.36 419.90 Td (same ) Tj ET Q q 0 0 0 rg BT 204.79 419.90 Td (instrument.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.80 398.30 Td (Signatur) Tj ET Q q 0 0 0 rg BT 274.06 398.30 Td (es appear on following page) Tj ET Q endstream endobj 183 0 obj <> endobj 184 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 741.50 Td (IN ) Tj ET Q q 0 0 0 rg BT 59.80 741.50 Td (WITNESS ) Tj ET Q q 0 0 0 rg BT 96.32 741.50 Td (WHEREOF) Tj ET Q q 0 0 0 rg BT 134.34 741.50 Td (, ) Tj ET Q q 0 0 0 rg BT 138.34 741.50 Td (the ) Tj ET Q q 0 0 0 rg BT 150.11 741.50 Td (parties ) Tj ET Q q 0 0 0 rg BT 173.44 741.50 Td (have ) Tj ET Q q 0 0 0 rg BT 190.54 741.50 Td (executed ) Tj ET Q q 0 0 0 rg BT 220.96 741.50 Td (this ) Tj ET Q q 0 0 0 rg BT 234.08 741.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 271.62 741.50 Td (as ) Tj ET Q q 0 0 0 rg BT 280.29 741.50 Td (of ) Tj ET Q q 0 0 0 rg BT 288.95 741.50 Td (the ) Tj ET Q q 0 0 0 rg BT 300.72 741.50 Td ([) Tj ET Q /GS0 gs q 5.00 0 0 8.27 303.39 739.77 cm /I32 Do Q q 0 0 0 rg BT 308.39 741.50 Td (] ) Tj ET Q q 0 0 0 rg BT 313.05 741.50 Td (day ) Tj ET Q q 0 0 0 rg BT 326.60 741.50 Td (of ) Tj ET Q q 0 0 0 rg BT 335.27 741.50 Td ([) Tj ET Q /GS0 gs q 5.00 0 0 8.27 337.93 739.77 cm /I33 Do Q q 0 0 0 rg BT 342.93 741.50 Td (], ) Tj ET Q q 0 0 0 rg BT 349.59 741.50 Td (2018.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 639.4 m 512 639.4 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.50 687.48 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 294.18 687.48 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 370.18 687.48 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 434.36 687.48 Td (TD.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.90 643.65 Td (By:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 631.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.50 631.35 Td (Name:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 617.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.50 614.65 Td (T) Tj ET Q q 0 0 0 rg BT 260.11 614.65 Td (itle:) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 520.8 m 512 520.8 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.90 568.88 Td (GRANTEE) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.05 525.05 Td (Signed:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 512.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.50 512.75 Td ([) Tj ET Q /GS0 gs q 5.00 0 0 8.27 258.16 511.03 cm /I34 Do Q q 0 0 0 rg BT 263.16 512.75 Td (]) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 498.75 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 185 0 obj <> endobj 186 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (5) Tj ET Q BT 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Tj ET Q q 0 0 0 rg BT 288.59 708.50 Td (apply:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 686.40 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 686.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 686.40 Td (Confirmation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.71 686.40 Td ( ) Tj ET Q q 0 0 0 rg BT 140.44 686.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 157.73 686.40 Td (mean ) Tj ET Q q 0 0 0 rg BT 177.23 686.40 Td (a ) Tj ET Q q 0 0 0 rg BT 182.95 686.40 Td (determination ) Tj ET Q q 0 0 0 rg BT 229.56 686.40 Td (of ) Tj ET Q q 0 0 0 rg BT 238.40 686.40 Td (the ) Tj ET Q q 0 0 0 rg BT 250.35 686.40 Td (Committee ) Tj ET Q q 0 0 0 rg BT 288.07 686.40 Td (of ) Tj ET Q q 0 0 0 rg BT 296.91 686.40 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 334.63 686.40 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 359.52 686.40 Td ( ) Tj ET Q q 0 0 0 rg BT 361.70 686.40 Td (and ) Tj ET Q q 0 0 0 rg BT 375.43 686.40 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 413.14 686.40 Td (FCF ) Tj ET Q q 0 0 0 rg BT 429.55 686.40 Td (that ) Tj ET Q q 0 0 0 rg BT 443.73 686.40 Td (have ) Tj ET Q q 0 0 0 rg BT 461.00 686.40 Td (been ) Tj ET Q q 0 0 0 rg BT 478.28 686.40 Td (achieved ) Tj ET Q q 0 0 0 rg BT 508.88 686.40 Td (in ) Tj ET Q q 0 0 0 rg BT 517.28 686.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 542.11 686.40 Td (of ) Tj ET Q q 0 0 0 rg BT 550.95 686.40 Td (any ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 675.35 Td (applicable ) Tj ET Q q 0 0 0 rg BT 119.13 675.35 Td (Performance ) Tj ET Q q 0 0 0 rg BT 161.75 675.35 Td (Period ) Tj ET Q q 0 0 0 rg BT 184.39 675.35 Td (and ) Tj ET Q q 0 0 0 rg BT 197.70 675.35 Td (the ) Tj ET Q q 0 0 0 rg BT 209.22 675.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 234.97 675.35 Td (of ) Tj ET Q q 0 0 0 rg BT 243.39 675.35 Td (any ) Tj ET Q q 0 0 0 rg BT 256.31 675.35 Td (A) Tj ET Q q 0 0 0 rg BT 261.35 675.35 Td (ward ) Tj ET Q q 0 0 0 rg BT 279.10 675.35 Td (earned ) Tj ET Q q 0 0 0 rg BT 302.17 675.35 Td (in ) Tj ET Q q 0 0 0 rg BT 310.15 675.35 Td (respect ) Tj ET Q q 0 0 0 rg BT 334.56 675.35 Td (of ) Tj ET Q q 0 0 0 rg BT 342.98 675.35 Td (such ) Tj ET Q q 0 0 0 rg BT 359.40 675.35 Td (Performance ) Tj ET Q q 0 0 0 rg BT 402.02 675.35 Td (Period, ) Tj ET Q q 0 0 0 rg BT 426.66 675.35 Td (which ) Tj ET Q q 0 0 0 rg BT 447.97 675.35 Td (confirmation ) Tj ET Q q 0 0 0 rg BT 491.04 675.35 Td (shall ) Tj ET Q q 0 0 0 rg BT 507.90 675.35 Td (be ) Tj ET Q q 0 0 0 rg BT 517.21 675.35 Td (issued ) Tj ET Q q 0 0 0 rg BT 538.97 675.35 Td (as ) Tj ET Q q 0 0 0 rg BT 547.38 675.35 Td (soon ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 664.35 Td (administratively ) Tj ET Q q 0 0 0 rg BT 138.19 664.35 Td (feasible ) Tj ET Q q 0 0 0 rg BT 164.77 664.35 Td (following ) Tj ET Q q 0 0 0 rg BT 197.58 664.35 Td (the ) Tj ET Q q 0 0 0 rg BT 209.06 664.35 Td (end ) Tj ET Q q 0 0 0 rg BT 222.31 664.35 Td (of ) Tj ET Q q 0 0 0 rg BT 230.68 664.35 Td (the ) Tj ET Q q 0 0 0 rg BT 242.16 664.35 Td (applicable ) Tj ET Q q 0 0 0 rg BT 276.73 664.35 Td (Performance ) Tj ET Q q 0 0 0 rg BT 319.30 664.35 Td (Period ) Tj ET Q q 0 0 0 rg BT 341.89 664.35 Td (and ) Tj ET Q q 0 0 0 rg BT 355.14 664.35 Td (in ) Tj ET Q q 0 0 0 rg BT 363.07 664.35 Td (no ) Tj ET Q q 0 0 0 rg BT 372.77 664.35 Td (event ) Tj ET Q q 0 0 0 rg BT 391.80 664.35 Td (later ) Tj ET Q q 0 0 0 rg BT 407.71 664.35 Td (than ) Tj ET Q q 0 0 0 rg BT 423.19 664.35 Td (the ) Tj ET Q q 0 0 0 rg BT 434.67 664.35 Td (Second ) Tj ET Q q 0 0 0 rg BT 459.55 664.35 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 500.79 664.35 Td (Early ) Tj ET Q q 0 0 0 rg BT 519.70 664.35 Td (V) Tj ET Q q 0 0 0 rg BT 524.59 664.35 Td (esting ) Tj ET Q q 0 0 0 rg BT 545.40 664.35 Td (Date, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 653.30 Td (the ) Tj ET Q q 0 0 0 rg BT 96.13 653.30 Td (Third ) Tj ET Q q 0 0 0 rg BT 115.46 653.30 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 157.00 653.30 Td (Early ) Tj ET Q q 0 0 0 rg BT 176.18 653.30 Td (V) Tj ET Q q 0 0 0 rg BT 181.07 653.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 202.18 653.30 Td (Date ) Tj ET Q q 0 0 0 rg BT 219.29 653.30 Td (or ) Tj ET Q q 0 0 0 rg BT 227.95 653.30 Td (the ) Tj ET Q q 0 0 0 rg BT 239.72 653.30 Td (Final ) Tj ET Q q 0 0 0 rg BT 258.02 653.30 Td (V) Tj ET Q q 0 0 0 rg BT 262.91 653.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 284.02 653.30 Td (Date, ) Tj ET Q q 0 0 0 rg BT 303.13 653.30 Td (as ) Tj ET Q q 0 0 0 rg BT 311.79 653.30 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 348.52 653.30 Td (The ) Tj ET Q q 0 0 0 rg BT 362.95 653.30 Td (determination ) Tj ET Q q 0 0 0 rg BT 409.38 653.30 Td (of ) Tj ET Q q 0 0 0 rg BT 418.05 653.30 Td (the ) Tj ET Q q 0 0 0 rg BT 429.82 653.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 467.37 653.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 484.48 653.30 Td (be ) Tj ET Q q 0 0 0 rg BT 494.03 653.30 Td (final ) Tj ET Q q 0 0 0 rg BT 510.69 653.30 Td (and ) Tj ET Q q 0 0 0 rg BT 524.24 653.30 Td (binding. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 631.20 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 631.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 631.20 Td (FCF) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.60 631.20 Td ( ) Tj ET Q q 0 0 0 rg BT 109.83 631.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 127.62 631.20 Td (mean ) Tj ET Q q 0 0 0 rg BT 147.62 631.20 Td (unlevered ) Tj ET Q q 0 0 0 rg BT 181.83 631.20 Td (free ) Tj ET Q q 0 0 0 rg BT 196.94 631.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 213.83 631.20 Td (flow) Tj ET Q q 0 0 0 rg BT 227.97 631.20 Td (, ) Tj ET Q q 0 0 0 rg BT 232.65 631.20 Td (which ) Tj ET Q q 0 0 0 rg BT 254.88 631.20 Td (is ) Tj ET Q q 0 0 0 rg BT 262.89 631.20 Td (defined ) Tj ET Q q 0 0 0 rg BT 289.56 631.20 Td (as ) Tj ET Q q 0 0 0 rg BT 298.90 631.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 315.79 631.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 336.24 631.20 Td (from ) Tj ET Q q 0 0 0 rg BT 354.47 631.20 Td (continuing ) Tj ET Q q 0 0 0 rg BT 391.37 631.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 424.25 631.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 455.81 631.20 Td (plus ) Tj ET Q q 0 0 0 rg BT 471.82 631.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 488.71 631.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 505.16 631.20 Td (for ) Tj ET Q q 0 0 0 rg BT 517.17 631.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 543.39 631.20 Td (or ) Tj ET Q q 0 0 0 rg BT 552.73 631.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 620.15 Td (commitment ) Tj ET Q q 0 0 0 rg BT 127.21 620.15 Td (or ) Tj ET Q q 0 0 0 rg BT 136.15 620.15 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 169.51 620.15 Td (fees ) Tj ET Q q 0 0 0 rg BT 184.66 620.15 Td (to ) Tj ET Q q 0 0 0 rg BT 192.99 620.15 Td (W) Tj ET Q q 0 0 0 rg BT 199.90 620.15 Td (arner ) Tj ET Q q 0 0 0 rg BT 218.60 620.15 Td (Media, ) Tj ET Q q 0 0 0 rg BT 243.31 620.15 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 262.70 620.15 Td (less ) Tj ET Q q 0 0 0 rg BT 276.97 620.15 Td (purchases ) Tj ET Q q 0 0 0 rg BT 310.78 620.15 Td (of ) Tj ET Q q 0 0 0 rg BT 319.72 620.15 Td (property) Tj ET Q q 0 0 0 rg BT 346.30 620.15 Td (, ) Tj ET Q q 0 0 0 rg BT 350.57 620.15 Td (plant ) Tj ET Q q 0 0 0 rg BT 368.84 620.15 Td (and ) Tj ET Q q 0 0 0 rg BT 382.67 620.15 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 420.71 620.15 Td (net ) Tj ET Q q 0 0 0 rg BT 432.75 620.15 Td (of ) Tj ET Q q 0 0 0 rg BT 441.69 620.15 Td (the ) Tj ET Q q 0 0 0 rg BT 453.74 620.15 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 484.44 620.15 Td (of ) Tj ET Q q 0 0 0 rg BT 493.38 620.15 Td (disposals ) Tj ET Q q 0 0 0 rg BT 524.98 620.15 Td (of ) Tj ET Q q 0 0 0 rg BT 533.92 620.15 Td (property) Tj ET Q q 0 0 0 rg BT 560.50 620.15 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 609.15 Td (plant ) Tj ET Q q 0 0 0 rg BT 102.37 609.15 Td (and ) Tj ET Q q 0 0 0 rg BT 115.79 609.15 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 153.44 609.15 Td (FCF ) Tj ET Q q 0 0 0 rg BT 169.54 609.15 Td (excludes ) Tj ET Q q 0 0 0 rg BT 199.40 609.15 Td (the ) Tj ET Q q 0 0 0 rg BT 211.05 609.15 Td (cash ) Tj ET Q q 0 0 0 rg BT 227.14 609.15 Td (impact ) Tj ET Q q 0 0 0 rg BT 250.78 609.15 Td (of ) Tj ET Q q 0 0 0 rg BT 259.32 609.15 Td (certain ) Tj ET Q q 0 0 0 rg BT 282.95 609.15 Td (unusual ) Tj ET Q q 0 0 0 rg BT 309.71 609.15 Td (or ) Tj ET Q q 0 0 0 rg BT 318.25 609.15 Td (infrequent ) Tj ET Q q 0 0 0 rg BT 353.00 609.15 Td (items ) Tj ET Q q 0 0 0 rg BT 372.20 609.15 Td (that ) Tj ET Q q 0 0 0 rg BT 386.07 609.15 Td (are ) Tj ET Q q 0 0 0 rg BT 397.71 609.15 Td (not ) Tj ET Q q 0 0 0 rg BT 409.81 609.15 Td (included ) Tj ET Q q 0 0 0 rg BT 439.23 609.15 Td (in ) Tj ET Q q 0 0 0 rg BT 447.32 609.15 Td (costs ) Tj ET Q q 0 0 0 rg BT 465.20 609.15 Td (char) Tj ET Q q 0 0 0 rg BT 478.82 609.15 Td (ged ) Tj ET Q q 0 0 0 rg BT 492.24 609.15 Td (in ) Tj ET Q q 0 0 0 rg BT 500.34 609.15 Td (arriving ) Tj ET Q q 0 0 0 rg BT 527.53 609.15 Td (at ) Tj ET Q q 0 0 0 rg BT 535.18 609.15 Td (OIBDA. ) Tj ET Q q 0 0 0 rg BT 564.51 609.15 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 598.10 Td (FCF ) Tj ET Q q 0 0 0 rg BT 100.67 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 111.94 598.10 Td (any ) Tj ET Q q 0 0 0 rg BT 125.43 598.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 160.24 598.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 203.04 598.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 225.87 598.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 242.92 598.10 Td (be ) Tj ET Q q 0 0 0 rg BT 252.41 598.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 286.77 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 295.37 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.97 598.10 Td (December ) Tj ET Q q 0 0 0 rg BT 338.78 598.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 348.72 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 359.98 598.10 Td (each ) Tj ET Q q 0 0 0 rg BT 376.57 598.10 Td (year ) Tj ET Q q 0 0 0 rg BT 392.28 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.88 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.59 598.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 447.40 598.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 490.21 598.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 513.03 598.10 Td (using ) Tj ET Q q 0 0 0 rg BT 532.31 598.10 Td (exchange ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 587.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 101.60 587.05 Td (from ) Tj ET Q q 0 0 0 rg BT 119.15 587.05 Td (the ) Tj ET Q q 0 0 0 rg BT 130.93 587.05 Td (Company) Tj ET Q q 0 0 0 rg BT 164.26 587.05 Td (s ) Tj ET Q q 0 0 0 rg BT 169.37 587.05 Td (2019 ) Tj ET Q q 0 0 0 rg BT 187.37 587.05 Td (budget.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 564.95 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 564.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 564.95 Td (Four) Tj ET Q q 0 0 0 rg BT 104.64 564.95 Td (-Y) Tj ET Q q 0 0 0 rg BT 112.20 564.95 Td (ear) Tj ET Q q 0 0 0 rg BT 123.15 564.95 Td ( ) Tj ET Q q 0 0 0 rg BT 125.15 564.95 Td (Performance ) Tj ET Q q 0 0 0 rg BT 171.57 564.95 Td (Period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.23 564.95 Td ( ) Tj ET Q q 0 0 0 rg BT 199.78 564.95 Td (shall ) Tj ET Q q 0 0 0 rg BT 216.89 564.95 Td (mean ) Tj ET Q q 0 0 0 rg BT 236.21 564.95 Td (the ) Tj ET Q q 0 0 0 rg BT 247.99 564.95 Td (period ) Tj ET Q q 0 0 0 rg BT 270.43 564.95 Td (from ) Tj ET Q q 0 0 0 rg BT 287.98 564.95 Td (January ) Tj ET Q q 0 0 0 rg BT 314.86 564.95 Td (1, ) Tj ET Q q 0 0 0 rg BT 322.86 564.95 Td (2019 ) Tj ET Q q 0 0 0 rg BT 340.86 564.95 Td (through ) Tj ET Q q 0 0 0 rg BT 367.74 564.95 Td (December ) Tj ET Q q 0 0 0 rg BT 402.61 564.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 414.61 564.95 Td (2022. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 542.90 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 542.90 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 542.90 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 114.28 542.90 Td ( ) Tj ET Q q 0 0 0 rg BT 119.94 542.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 148.71 542.90 Td (amortization ) Tj ET Q q 0 0 0 rg BT 191.26 542.90 Td (and ) Tj ET Q q 0 0 0 rg BT 204.92 542.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 243.91 542.90 Td (of ) Tj ET Q q 0 0 0 rg BT 252.69 542.90 Td (program ) Tj ET Q q 0 0 0 rg BT 281.91 542.90 Td (rights ) Tj ET Q q 0 0 0 rg BT 302.24 542.90 Td (and ) Tj ET Q q 0 0 0 rg BT 315.91 542.90 Td (is ) Tj ET Q q 0 0 0 rg BT 323.36 542.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 361.45 542.90 Td (as ) Tj ET Q q 0 0 0 rg BT 370.23 542.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 402.55 542.90 Td (income ) Tj ET Q q 0 0 0 rg BT 428.21 542.90 Td (/ ) Tj ET Q q 0 0 0 rg BT 432.55 542.90 Td (loss ) Tj ET Q q 0 0 0 rg BT 447.11 542.90 Td (before ) Tj ET Q q 0 0 0 rg BT 469.66 542.90 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 513.30 542.90 Td (amortization ) Tj ET Q q 0 0 0 rg BT 555.85 542.90 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 531.85 Td (intangible ) Tj ET Q q 0 0 0 rg BT 118.70 531.85 Td (assets, ) Tj ET Q q 0 0 0 rg BT 141.57 531.85 Td (impairments ) Tj ET Q q 0 0 0 rg BT 183.77 531.85 Td (of ) Tj ET Q q 0 0 0 rg BT 192.64 531.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 213.52 531.85 Td (and ) Tj ET Q q 0 0 0 rg BT 227.28 531.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 251.25 531.85 Td (unusual ) Tj ET Q q 0 0 0 rg BT 278.34 531.85 Td (or ) Tj ET Q q 0 0 0 rg BT 287.21 531.85 Td (infrequent ) Tj ET Q q 0 0 0 rg BT 322.29 531.85 Td (items ) Tj ET Q q 0 0 0 rg BT 341.83 531.85 Td (that ) Tj ET Q q 0 0 0 rg BT 356.04 531.85 Td (are ) Tj ET Q q 0 0 0 rg BT 368.01 531.85 Td (not ) Tj ET Q q 0 0 0 rg BT 380.44 531.85 Td (considered ) Tj ET Q q 0 0 0 rg BT 417.30 531.85 Td (by ) Tj ET Q q 0 0 0 rg BT 427.51 531.85 Td (our ) Tj ET Q q 0 0 0 rg BT 440.38 531.85 Td (chief ) Tj ET Q q 0 0 0 rg BT 458.58 531.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 491.00 531.85 Td (decision ) Tj ET Q q 0 0 0 rg BT 519.87 531.85 Td (makers ) Tj ET Q q 0 0 0 rg BT 545.18 531.85 Td (when ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 520.80 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 119.86 520.80 Td (our ) Tj ET Q q 0 0 0 rg BT 132.56 520.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 175.02 520.80 Td (\(which ) Tj ET Q q 0 0 0 rg BT 199.27 520.80 Td (unusual ) Tj ET Q q 0 0 0 rg BT 226.20 520.80 Td (or ) Tj ET Q q 0 0 0 rg BT 234.90 520.80 Td (infrequent ) Tj ET Q q 0 0 0 rg BT 269.82 520.80 Td (items ) Tj ET Q q 0 0 0 rg BT 289.19 520.80 Td (shall ) Tj ET Q q 0 0 0 rg BT 306.34 520.80 Td (correspond ) Tj ET Q q 0 0 0 rg BT 343.92 520.80 Td (to ) Tj ET Q q 0 0 0 rg BT 352.18 520.80 Td (items ) Tj ET Q q 0 0 0 rg BT 371.55 520.80 Td (excluded ) Tj ET Q q 0 0 0 rg BT 402.46 520.80 Td (from ) Tj ET Q q 0 0 0 rg BT 420.05 520.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 444.95 520.80 Td ( ) Tj ET Q q 0 0 0 rg BT 446.98 520.80 Td (in ) Tj ET Q q 0 0 0 rg BT 455.25 520.80 Td (the ) Tj ET Q q 0 0 0 rg BT 467.06 520.80 Td (Company) Tj ET Q q 0 0 0 rg BT 500.39 520.80 Td (s ) Tj ET Q q 0 0 0 rg BT 505.09 520.80 Td (Annual ) Tj ET Q q 0 0 0 rg BT 530.68 520.80 Td (Report ) Tj ET Q q 0 0 0 rg BT 554.50 520.80 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 509.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 103.79 509.75 Td (10-K ) Tj ET Q q 0 0 0 rg BT 122.19 509.75 Td (for ) Tj ET Q q 0 0 0 rg BT 133.47 509.75 Td (the ) Tj ET Q q 0 0 0 rg BT 145.20 509.75 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 192.92 509.75 Td (year ) Tj ET Q q 0 0 0 rg BT 208.64 509.75 Td (of ) Tj ET Q q 0 0 0 rg BT 217.26 509.75 Td (the ) Tj ET Q q 0 0 0 rg BT 228.99 509.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 263.81 509.75 Td (Performance ) Tj ET Q q 0 0 0 rg BT 306.64 509.75 Td (Period\). ) Tj ET Q q 0 0 0 rg BT 334.14 509.75 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 359.03 509.75 Td ( ) Tj ET Q q 0 0 0 rg BT 360.99 509.75 Td (for ) Tj ET Q q 0 0 0 rg BT 372.27 509.75 Td (any ) Tj ET Q q 0 0 0 rg BT 385.78 509.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 420.60 509.75 Td (Performance ) Tj ET Q q 0 0 0 rg BT 463.43 509.75 Td (Period ) Tj ET Q q 0 0 0 rg BT 486.27 509.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 503.33 509.75 Td (be ) Tj ET Q q 0 0 0 rg BT 512.84 509.75 Td (calculated ) Tj ET Q q 0 0 0 rg BT 547.21 509.75 Td (as ) Tj ET Q q 0 0 0 rg BT 555.83 509.75 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 498.75 Td (December ) Tj ET Q q 0 0 0 rg BT 119.37 498.75 Td (31 ) Tj ET Q q 0 0 0 rg BT 129.37 498.75 Td (for ) Tj ET Q q 0 0 0 rg BT 140.70 498.75 Td (each ) Tj ET Q q 0 0 0 rg BT 157.35 498.75 Td (year ) Tj ET Q q 0 0 0 rg BT 173.11 498.75 Td (of ) Tj ET Q q 0 0 0 rg BT 181.78 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 193.55 498.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 228.42 498.75 Td (Performance ) Tj ET Q q 0 0 0 rg BT 271.29 498.75 Td (Period ) Tj ET Q q 0 0 0 rg BT 294.18 498.75 Td (using ) Tj ET Q q 0 0 0 rg BT 313.51 498.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 345.71 498.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 362.82 498.75 Td (from ) Tj ET Q q 0 0 0 rg BT 380.37 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 392.14 498.75 Td (Company) Tj ET Q q 0 0 0 rg BT 425.47 498.75 Td (s ) Tj ET Q q 0 0 0 rg BT 430.59 498.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 448.59 498.75 Td (budget.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 476.65 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 476.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 476.65 Td (Performance ) Tj ET Q q 0 0 0 rg BT 134.34 476.65 Td (Period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 157.00 476.65 Td ( ) Tj ET Q q 0 0 0 rg BT 162.41 476.65 Td (means ) Tj ET Q q 0 0 0 rg BT 184.72 476.65 Td (any ) Tj ET Q q 0 0 0 rg BT 198.14 476.65 Td (of ) Tj ET Q q 0 0 0 rg BT 206.67 476.65 Td (the ) Tj ET Q q 0 0 0 rg BT 218.17 476.65 Td (T) Tj ET Q q 0 0 0 rg BT 222.50 476.65 Td (wo-Y) Tj ET Q q 0 0 0 rg BT 239.92 476.65 Td (ear ) Tj ET Q q 0 0 0 rg BT 251.55 476.65 Td (Performance ) Tj ET Q q 0 0 0 rg BT 294.29 476.65 Td (Period, ) Tj ET Q q 0 0 0 rg BT 319.04 476.65 Td (the ) Tj ET Q q 0 0 0 rg BT 330.55 476.65 Td (Three-Y) Tj ET Q q 0 0 0 rg BT 356.84 476.65 Td (ear ) Tj ET Q q 0 0 0 rg BT 368.47 476.65 Td (Performance ) Tj ET Q q 0 0 0 rg BT 411.21 476.65 Td (Period ) Tj ET Q q 0 0 0 rg BT 433.96 476.65 Td (or ) Tj ET Q q 0 0 0 rg BT 442.49 476.65 Td (the ) Tj ET Q q 0 0 0 rg BT 454.13 476.65 Td (Four) Tj ET Q q 0 0 0 rg BT 469.09 476.65 Td (-Y) Tj ET Q q 0 0 0 rg BT 476.73 476.65 Td (ear ) Tj ET Q q 0 0 0 rg BT 488.36 476.65 Td (Performance ) Tj ET Q q 0 0 0 rg BT 531.09 476.65 Td (Period, ) Tj ET Q q 0 0 0 rg BT 555.85 476.65 Td (as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 465.60 Td (applicable. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 443.55 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 443.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 443.55 Td (Second ) Tj ET Q q 0 0 0 rg BT 113.96 443.55 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 158.35 443.55 Td (T) Tj ET Q q 0 0 0 rg BT 162.95 443.55 Td (arget ) Tj ET Q q 0 0 0 rg BT 182.59 443.55 Td (FCF) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.14 443.55 Td ( ) Tj ET Q q 0 0 0 rg BT 203.55 443.55 Td (means ) Tj ET Q q 0 0 0 rg BT 225.86 443.55 Td (the ) Tj ET Q q 0 0 0 rg BT 237.50 443.55 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 274.91 443.55 Td (amount ) Tj ET Q q 0 0 0 rg BT 300.77 443.55 Td (of ) Tj ET Q q 0 0 0 rg BT 309.30 443.55 Td (FCF ) Tj ET Q q 0 0 0 rg BT 325.41 443.55 Td (for ) Tj ET Q q 0 0 0 rg BT 336.60 443.55 Td (the ) Tj ET Q q 0 0 0 rg BT 348.11 443.55 Td (T) Tj ET Q q 0 0 0 rg BT 352.44 443.55 Td (wo-Y) Tj ET Q q 0 0 0 rg BT 369.85 443.55 Td (ear ) Tj ET Q q 0 0 0 rg BT 381.49 443.55 Td (Performance ) Tj ET Q q 0 0 0 rg BT 424.22 443.55 Td (Period ) Tj ET Q q 0 0 0 rg BT 446.97 443.55 Td (that ) Tj ET Q q 0 0 0 rg BT 460.84 443.55 Td (is ) Tj ET Q q 0 0 0 rg BT 468.04 443.55 Td (established ) Tj ET Q q 0 0 0 rg BT 505.46 443.55 Td (by ) Tj ET Q q 0 0 0 rg BT 515.32 443.55 Td (the ) Tj ET Q q 0 0 0 rg BT 526.96 443.55 Td (Committee ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 432.50 Td (as ) Tj ET Q q 0 0 0 rg BT 93.16 432.50 Td (set ) Tj ET Q q 0 0 0 rg BT 104.05 432.50 Td (forth ) Tj ET Q q 0 0 0 rg BT 121.60 432.50 Td (in ) Tj ET Q q 0 0 0 rg BT 129.82 432.50 Td (Schedule ) Tj ET Q q 0 0 0 rg BT 161.15 432.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 167.15 432.50 Td (of ) Tj ET Q q 0 0 0 rg BT 175.81 432.50 Td (this ) Tj ET Q q 0 0 0 rg BT 188.93 432.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 226.47 432.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 240.91 432.50 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.46 432.50 Td (Notice ) Tj ET Q q 0 0 0 rg BT 268.22 432.50 Td (of ) Tj ET Q q 0 0 0 rg BT 276.74 432.50 Td (T) Tj ET Q q 0 0 0 rg BT 281.34 432.50 Td (arget ) Tj ET Q q 0 0 0 rg BT 300.67 432.50 Td (Amounts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.79 432.50 Td (\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 410.40 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 410.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 410.40 Td (Second ) Tj ET Q q 0 0 0 rg BT 114.63 410.40 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 159.82 410.40 Td (T) Tj ET Q q 0 0 0 rg BT 164.42 410.40 Td (arget ) Tj ET Q q 0 0 0 rg BT 184.92 410.40 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.15 410.40 Td ( ) Tj ET Q q 0 0 0 rg BT 217.43 410.40 Td (means ) Tj ET Q q 0 0 0 rg BT 240.59 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 253.10 410.40 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 291.37 410.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 318.09 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 327.49 410.40 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 352.38 410.40 Td ( ) Tj ET Q q 0 0 0 rg BT 355.11 410.40 Td (for ) Tj ET Q q 0 0 0 rg BT 367.17 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 379.47 410.40 Td (T) Tj ET Q q 0 0 0 rg BT 383.80 410.40 Td (wo-Y) Tj ET Q q 0 0 0 rg BT 401.22 410.40 Td (ear ) Tj ET Q q 0 0 0 rg BT 413.71 410.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 457.31 410.40 Td (Period ) Tj ET Q q 0 0 0 rg BT 480.93 410.40 Td (that ) Tj ET Q q 0 0 0 rg BT 495.65 410.40 Td (is ) Tj ET Q q 0 0 0 rg BT 503.72 410.40 Td (established ) Tj ET Q q 0 0 0 rg BT 541.99 410.40 Td (by ) Tj ET Q q 0 0 0 rg BT 552.72 410.40 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 399.35 Td (Committee ) Tj ET Q q 0 0 0 rg BT 122.05 399.35 Td (as ) Tj ET Q q 0 0 0 rg BT 130.71 399.35 Td (set ) Tj ET Q q 0 0 0 rg BT 141.60 399.35 Td (forth ) Tj ET Q q 0 0 0 rg BT 159.15 399.35 Td (in ) Tj ET Q q 0 0 0 rg BT 167.38 399.35 Td (the ) Tj ET Q q 0 0 0 rg BT 179.15 399.35 Td (Notice ) Tj ET Q q 0 0 0 rg BT 202.47 399.35 Td (of ) Tj ET Q q 0 0 0 rg BT 210.99 399.35 Td (T) Tj ET Q q 0 0 0 rg BT 215.32 399.35 Td (ar) Tj ET Q q 0 0 0 rg BT 221.39 399.35 Td (get ) Tj ET Q q 0 0 0 rg BT 232.72 399.35 Td (Amounts.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 377.30 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 377.30 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 377.30 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 377.30 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.84 377.30 Td (FCF) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 128.40 377.30 Td ( ) Tj ET Q q 0 0 0 rg BT 134.37 377.30 Td (means ) Tj ET Q q 0 0 0 rg BT 157.24 377.30 Td (the ) Tj ET Q q 0 0 0 rg BT 169.44 377.30 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 207.41 377.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 233.83 377.30 Td (of ) Tj ET Q q 0 0 0 rg BT 242.92 377.30 Td (FCF ) Tj ET Q q 0 0 0 rg BT 259.58 377.30 Td (for ) Tj ET Q q 0 0 0 rg BT 271.34 377.30 Td (the ) Tj ET Q q 0 0 0 rg BT 283.54 377.30 Td (Four) Tj ET Q q 0 0 0 rg BT 298.49 377.30 Td (-Y) Tj ET Q q 0 0 0 rg BT 306.13 377.30 Td (ear ) Tj ET Q q 0 0 0 rg BT 318.32 377.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 361.62 377.30 Td (Period ) Tj ET Q q 0 0 0 rg BT 384.93 377.30 Td (that ) Tj ET Q q 0 0 0 rg BT 399.35 377.30 Td (is ) Tj ET Q q 0 0 0 rg BT 407.12 377.30 Td (established ) Tj ET Q q 0 0 0 rg BT 445.09 377.30 Td (by ) Tj ET Q q 0 0 0 rg BT 455.52 377.30 Td (the ) Tj ET Q q 0 0 0 rg BT 467.72 377.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 505.69 377.30 Td (as ) Tj ET Q q 0 0 0 rg BT 514.79 377.30 Td (set ) Tj ET Q q 0 0 0 rg BT 526.10 377.30 Td (forth ) Tj ET Q q 0 0 0 rg BT 544.08 377.30 Td (in ) Tj ET Q q 0 0 0 rg BT 552.73 377.30 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 366.25 Td (Notice ) Tj ET Q q 0 0 0 rg BT 107.82 366.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.34 366.25 Td (T) Tj ET Q q 0 0 0 rg BT 120.67 366.25 Td (ar) Tj ET Q q 0 0 0 rg BT 126.74 366.25 Td (get ) Tj ET Q q 0 0 0 rg BT 138.07 366.25 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 169.41 366.25 Td (that ) Tj ET Q q 0 0 0 rg BT 183.41 366.25 Td (correlates ) Tj ET Q q 0 0 0 rg BT 216.50 366.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.72 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.35 366.25 Td (T) Tj ET Q q 0 0 0 rg BT 240.68 366.25 Td (ar) Tj ET Q q 0 0 0 rg BT 246.75 366.25 Td (get ) Tj ET Q q 0 0 0 rg BT 258.52 366.25 Td (FCF ) Tj ET Q q 0 0 0 rg BT 274.31 366.25 Td (A) Tj ET Q q 0 0 0 rg BT 279.36 366.25 Td (ward.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 344.15 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 344.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 344.15 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 344.15 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.08 344.15 Td (FCF) Tj ET Q q 0 0 0 rg BT 127.33 344.15 Td ( ) Tj ET Q q 0 0 0 rg BT 129.00 344.15 Td (Maximum) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.55 344.15 Td ( ) Tj ET Q q 0 0 0 rg BT 169.76 344.15 Td (means ) Tj ET Q q 0 0 0 rg BT 191.86 344.15 Td (the ) Tj ET Q q 0 0 0 rg BT 203.29 344.15 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 240.50 344.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 266.16 344.15 Td (of ) Tj ET Q q 0 0 0 rg BT 274.48 344.15 Td (FCF ) Tj ET Q q 0 0 0 rg BT 290.38 344.15 Td (for ) Tj ET Q q 0 0 0 rg BT 301.37 344.15 Td (the ) Tj ET Q q 0 0 0 rg BT 312.81 344.15 Td (Four) Tj ET Q q 0 0 0 rg BT 327.76 344.15 Td (-Y) Tj ET Q q 0 0 0 rg BT 335.40 344.15 Td (ear ) Tj ET Q q 0 0 0 rg BT 346.83 344.15 Td (Performance ) Tj ET Q q 0 0 0 rg BT 389.36 344.15 Td (Period ) Tj ET Q q 0 0 0 rg BT 411.91 344.15 Td (that ) Tj ET Q q 0 0 0 rg BT 425.56 344.15 Td (is ) Tj ET Q q 0 0 0 rg BT 432.56 344.15 Td (established ) Tj ET Q q 0 0 0 rg BT 469.77 344.15 Td (by ) Tj ET Q q 0 0 0 rg BT 479.43 344.15 Td (the ) Tj ET Q q 0 0 0 rg BT 490.87 344.15 Td (Committee ) Tj ET Q q 0 0 0 rg BT 528.08 344.15 Td (as ) Tj ET Q q 0 0 0 rg BT 536.41 344.15 Td (set ) Tj ET Q q 0 0 0 rg BT 546.96 344.15 Td (forth ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 333.15 Td (in ) Tj ET Q q 0 0 0 rg BT 92.72 333.15 Td (the ) Tj ET Q q 0 0 0 rg BT 104.50 333.15 Td (Notice ) Tj ET Q q 0 0 0 rg BT 127.82 333.15 Td (of ) Tj ET Q q 0 0 0 rg BT 136.34 333.15 Td (T) Tj ET Q q 0 0 0 rg BT 140.67 333.15 Td (ar) Tj ET Q q 0 0 0 rg BT 146.74 333.15 Td (get ) Tj ET Q q 0 0 0 rg BT 158.07 333.15 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 189.41 333.15 Td (that ) Tj ET Q q 0 0 0 rg BT 203.40 333.15 Td (correlates ) Tj ET Q q 0 0 0 rg BT 236.49 333.15 Td (to ) Tj ET Q q 0 0 0 rg BT 244.71 333.15 Td (200% ) Tj ET Q q 0 0 0 rg BT 265.38 333.15 Td (of ) Tj ET Q q 0 0 0 rg BT 274.04 333.15 Td (the ) Tj ET Q q 0 0 0 rg BT 285.67 333.15 Td (T) Tj ET Q q 0 0 0 rg BT 290.00 333.15 Td (ar) Tj ET Q q 0 0 0 rg BT 296.07 333.15 Td (get ) Tj ET Q q 0 0 0 rg BT 307.84 333.15 Td (FCF ) Tj ET Q q 0 0 0 rg BT 323.64 333.15 Td (A) Tj ET Q q 0 0 0 rg BT 328.68 333.15 Td (ward.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 311.05 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 311.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 311.05 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 311.05 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.14 311.05 Td (FCF) Tj ET Q q 0 0 0 rg BT 127.39 311.05 Td ( ) Tj ET Q q 0 0 0 rg BT 129.12 311.05 Td (Minimum) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 163.34 311.05 Td ( ) Tj ET Q q 0 0 0 rg BT 168.61 311.05 Td (means ) Tj ET Q q 0 0 0 rg BT 190.77 311.05 Td (the ) Tj ET Q q 0 0 0 rg BT 202.27 311.05 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 239.54 311.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 265.25 311.05 Td (of ) Tj ET Q q 0 0 0 rg BT 273.64 311.05 Td (FCF ) Tj ET Q q 0 0 0 rg BT 289.60 311.05 Td (for ) Tj ET Q q 0 0 0 rg BT 300.65 311.05 Td (the ) Tj ET Q q 0 0 0 rg BT 312.14 311.05 Td (Four) Tj ET Q q 0 0 0 rg BT 327.10 311.05 Td (-Y) Tj ET Q q 0 0 0 rg BT 334.74 311.05 Td (ear ) Tj ET Q q 0 0 0 rg BT 346.23 311.05 Td (Performance ) Tj ET Q q 0 0 0 rg BT 388.82 311.05 Td (Period ) Tj ET Q q 0 0 0 rg BT 411.43 311.05 Td (that ) Tj ET Q q 0 0 0 rg BT 425.14 311.05 Td (is ) Tj ET Q q 0 0 0 rg BT 432.20 311.05 Td (established ) Tj ET Q q 0 0 0 rg BT 469.47 311.05 Td (by ) Tj ET Q q 0 0 0 rg BT 479.20 311.05 Td (the ) Tj ET Q q 0 0 0 rg BT 490.69 311.05 Td (Committee ) Tj ET Q q 0 0 0 rg BT 527.96 311.05 Td (as ) Tj ET Q q 0 0 0 rg BT 536.35 311.05 Td (set ) Tj ET Q q 0 0 0 rg BT 546.96 311.05 Td (forth ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 300.00 Td (in ) Tj ET Q q 0 0 0 rg BT 92.72 300.00 Td (the ) Tj ET Q q 0 0 0 rg BT 104.50 300.00 Td (Notice ) Tj ET Q q 0 0 0 rg BT 127.82 300.00 Td (of ) Tj ET Q q 0 0 0 rg BT 136.34 300.00 Td (T) Tj ET Q q 0 0 0 rg BT 140.67 300.00 Td (ar) Tj ET Q q 0 0 0 rg BT 146.74 300.00 Td (get ) Tj ET Q q 0 0 0 rg BT 158.07 300.00 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 189.41 300.00 Td (that ) Tj ET Q q 0 0 0 rg BT 203.40 300.00 Td (correlates ) Tj ET Q q 0 0 0 rg BT 236.49 300.00 Td (to ) Tj ET Q q 0 0 0 rg BT 244.71 300.00 Td (50% ) Tj ET Q q 0 0 0 rg BT 261.38 300.00 Td (of ) Tj ET Q q 0 0 0 rg BT 270.04 300.00 Td (the ) Tj ET Q q 0 0 0 rg BT 281.67 300.00 Td (T) Tj ET Q q 0 0 0 rg BT 286.00 300.00 Td (ar) Tj ET Q q 0 0 0 rg BT 292.07 300.00 Td (get ) Tj ET Q q 0 0 0 rg BT 303.84 300.00 Td (FCF ) Tj ET Q q 0 0 0 rg BT 319.64 300.00 Td (A) Tj ET Q q 0 0 0 rg BT 324.68 300.00 Td (ward.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 277.95 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 277.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 277.95 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 277.95 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.42 277.95 Td (FCF) Tj ET Q q 0 0 0 rg BT 127.67 277.95 Td ( ) Tj ET Q q 0 0 0 rg BT 129.23 277.95 Td (A) Tj ET Q q 0 0 0 rg BT 134.41 277.95 Td (ward) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.19 277.95 Td ( ) Tj ET Q q 0 0 0 rg BT 157.74 277.95 Td (means ) Tj ET Q q 0 0 0 rg BT 180.18 277.95 Td ([) Tj ET Q BT /F3 8.00 Tf ET /GS0 gs q 5.00 0 0 8.27 182.84 276.22 cm /I35 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.84 277.95 Td (] ) Tj ET Q q 0 0 0 rg BT 192.51 277.95 Td (PRSUs, ) Tj ET Q q 0 0 0 rg BT 219.63 277.95 Td (representing ) Tj ET Q q 0 0 0 rg BT 261.17 277.95 Td (50% ) Tj ET Q q 0 0 0 rg BT 277.84 277.95 Td (of ) Tj ET Q q 0 0 0 rg BT 286.50 277.95 Td (the ) Tj ET Q q 0 0 0 rg BT 298.13 277.95 Td (T) Tj ET Q q 0 0 0 rg BT 302.46 277.95 Td (ar) Tj ET Q q 0 0 0 rg BT 308.53 277.95 Td (get.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 255.85 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 255.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 255.85 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 255.85 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.43 255.85 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 138.66 255.85 Td ( ) Tj ET Q q 0 0 0 rg BT 144.22 255.85 Td (means ) Tj ET Q q 0 0 0 rg BT 166.67 255.85 Td (the ) Tj ET Q q 0 0 0 rg BT 178.45 255.85 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 216.01 255.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 242.02 255.85 Td (of ) Tj ET Q q 0 0 0 rg BT 250.69 255.85 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 275.58 255.85 Td ( ) Tj ET Q q 0 0 0 rg BT 277.59 255.85 Td (for ) Tj ET Q q 0 0 0 rg BT 288.93 255.85 Td (the ) Tj ET Q q 0 0 0 rg BT 300.72 255.85 Td (Four) Tj ET Q q 0 0 0 rg BT 315.67 255.85 Td (-Y) Tj ET Q q 0 0 0 rg BT 323.31 255.85 Td (ear ) Tj ET Q q 0 0 0 rg BT 335.09 255.85 Td (Performance ) Tj ET Q q 0 0 0 rg BT 377.97 255.85 Td (Period ) Tj ET Q q 0 0 0 rg BT 400.87 255.85 Td (that ) Tj ET Q q 0 0 0 rg BT 414.88 255.85 Td (is ) Tj ET Q q 0 0 0 rg BT 422.22 255.85 Td (established ) Tj ET Q q 0 0 0 rg BT 459.78 255.85 Td (by ) Tj ET Q q 0 0 0 rg BT 469.79 255.85 Td (the ) Tj ET Q q 0 0 0 rg BT 481.58 255.85 Td (Committee ) Tj ET Q q 0 0 0 rg BT 519.14 255.85 Td (as ) Tj ET Q q 0 0 0 rg BT 527.82 255.85 Td (set ) Tj ET Q q 0 0 0 rg BT 538.71 255.85 Td (forth ) Tj ET Q q 0 0 0 rg BT 556.28 255.85 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 244.80 Td (the ) Tj ET Q q 0 0 0 rg BT 96.27 244.80 Td (Notice ) Tj ET Q q 0 0 0 rg BT 119.60 244.80 Td (of ) Tj ET Q q 0 0 0 rg BT 128.12 244.80 Td (T) Tj ET Q q 0 0 0 rg BT 132.45 244.80 Td (ar) Tj ET Q q 0 0 0 rg BT 138.52 244.80 Td (get ) Tj ET Q q 0 0 0 rg BT 149.85 244.80 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 181.18 244.80 Td (that ) Tj ET Q q 0 0 0 rg BT 195.18 244.80 Td (correlates ) Tj ET Q q 0 0 0 rg BT 228.27 244.80 Td (to ) Tj ET Q q 0 0 0 rg BT 236.49 244.80 Td (the ) Tj ET Q q 0 0 0 rg BT 248.12 244.80 Td (T) Tj ET Q q 0 0 0 rg BT 252.45 244.80 Td (ar) Tj ET Q q 0 0 0 rg BT 258.52 244.80 Td (get ) Tj ET Q q 0 0 0 rg BT 270.29 244.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 295.18 244.80 Td ( ) Tj ET Q q 0 0 0 rg BT 296.74 244.80 Td (A) Tj ET Q q 0 0 0 rg BT 301.79 244.80 Td (ward.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 222.75 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 222.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 222.75 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 222.75 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.41 222.75 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 138.19 222.75 Td ( ) Tj ET Q q 0 0 0 rg BT 140.18 222.75 Td (Maximum) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.73 222.75 Td ( ) Tj ET Q q 0 0 0 rg BT 181.28 222.75 Td (means ) Tj ET Q q 0 0 0 rg BT 203.70 222.75 Td (the ) Tj ET Q q 0 0 0 rg BT 215.47 222.75 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 253.00 222.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 278.99 222.75 Td (of ) Tj ET Q q 0 0 0 rg BT 287.64 222.75 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 312.53 222.75 Td ( ) Tj ET Q q 0 0 0 rg BT 314.52 222.75 Td (for ) Tj ET Q q 0 0 0 rg BT 325.84 222.75 Td (the ) Tj ET Q q 0 0 0 rg BT 337.60 222.75 Td (Four) Tj ET Q q 0 0 0 rg BT 352.56 222.75 Td (-Y) Tj ET Q q 0 0 0 rg BT 360.20 222.75 Td (ear ) Tj ET Q q 0 0 0 rg BT 371.95 222.75 Td (Performance ) Tj ET Q q 0 0 0 rg BT 414.81 222.75 Td (Period ) Tj ET Q q 0 0 0 rg BT 437.69 222.75 Td (that ) Tj ET Q q 0 0 0 rg BT 451.67 222.75 Td (is ) Tj ET Q q 0 0 0 rg BT 459.00 222.75 Td (established ) Tj ET Q q 0 0 0 rg BT 496.54 222.75 Td (by ) Tj ET Q q 0 0 0 rg BT 506.53 222.75 Td (the ) Tj ET Q q 0 0 0 rg BT 518.29 222.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 555.83 222.75 Td (as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 211.70 Td (set ) Tj ET Q q 0 0 0 rg BT 95.39 211.70 Td (forth ) Tj ET Q q 0 0 0 rg BT 112.94 211.70 Td (in ) Tj ET Q q 0 0 0 rg BT 121.16 211.70 Td (the ) Tj ET Q q 0 0 0 rg BT 132.93 211.70 Td (Notice ) Tj ET Q q 0 0 0 rg BT 156.26 211.70 Td (of ) Tj ET Q q 0 0 0 rg BT 164.78 211.70 Td (T) Tj ET Q q 0 0 0 rg BT 169.11 211.70 Td (ar) Tj ET Q q 0 0 0 rg BT 175.18 211.70 Td (get ) Tj ET Q q 0 0 0 rg BT 186.51 211.70 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 217.84 211.70 Td (that ) Tj ET Q q 0 0 0 rg BT 231.84 211.70 Td (correlates ) Tj ET Q q 0 0 0 rg BT 264.93 211.70 Td (to ) Tj ET Q q 0 0 0 rg BT 273.15 211.70 Td (200% ) Tj ET Q q 0 0 0 rg BT 293.82 211.70 Td (of ) Tj ET Q q 0 0 0 rg BT 302.48 211.70 Td (the ) Tj ET Q q 0 0 0 rg BT 314.11 211.70 Td (T) Tj ET Q q 0 0 0 rg BT 318.44 211.70 Td (ar) Tj ET Q q 0 0 0 rg BT 324.51 211.70 Td (get ) Tj ET Q q 0 0 0 rg BT 336.28 211.70 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 361.17 211.70 Td ( ) Tj ET Q q 0 0 0 rg BT 362.73 211.70 Td (A) Tj ET Q q 0 0 0 rg BT 367.77 211.70 Td (ward.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 189.60 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 189.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 189.60 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 189.60 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.47 189.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 138.26 189.60 Td ( ) Tj ET Q q 0 0 0 rg BT 140.32 189.60 Td (Minimum) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.54 189.60 Td ( ) Tj ET Q q 0 0 0 rg BT 180.15 189.60 Td (means ) Tj ET Q q 0 0 0 rg BT 202.64 189.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.47 189.60 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 252.07 189.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 278.12 189.60 Td (of ) Tj ET Q q 0 0 0 rg BT 286.84 189.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 311.73 189.60 Td ( ) Tj ET Q q 0 0 0 rg BT 313.79 189.60 Td (for ) Tj ET Q q 0 0 0 rg BT 325.18 189.60 Td (the ) Tj ET Q q 0 0 0 rg BT 337.01 189.60 Td (Four) Tj ET Q q 0 0 0 rg BT 351.96 189.60 Td (-Y) Tj ET Q q 0 0 0 rg BT 359.60 189.60 Td (ear ) Tj ET Q q 0 0 0 rg BT 371.42 189.60 Td (Performance ) Tj ET Q q 0 0 0 rg BT 414.35 189.60 Td (Period ) Tj ET Q q 0 0 0 rg BT 437.29 189.60 Td (that ) Tj ET Q q 0 0 0 rg BT 451.34 189.60 Td (is ) Tj ET Q q 0 0 0 rg BT 458.73 189.60 Td (established ) Tj ET Q q 0 0 0 rg BT 496.34 189.60 Td (by ) Tj ET Q q 0 0 0 rg BT 506.39 189.60 Td (the ) Tj ET Q q 0 0 0 rg BT 518.22 189.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 555.83 189.60 Td (as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 178.55 Td (set ) Tj ET Q q 0 0 0 rg BT 95.39 178.55 Td (forth ) Tj ET Q q 0 0 0 rg BT 112.94 178.55 Td (in ) Tj ET Q q 0 0 0 rg BT 121.16 178.55 Td (the ) Tj ET Q q 0 0 0 rg BT 132.93 178.55 Td (Notice ) Tj ET Q q 0 0 0 rg BT 156.26 178.55 Td (of ) Tj ET Q q 0 0 0 rg BT 164.78 178.55 Td (T) Tj ET Q q 0 0 0 rg BT 169.11 178.55 Td (ar) Tj ET Q q 0 0 0 rg BT 175.18 178.55 Td (get ) Tj ET Q q 0 0 0 rg BT 186.51 178.55 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 217.84 178.55 Td (that ) Tj ET Q q 0 0 0 rg BT 231.84 178.55 Td (correlates ) Tj ET Q q 0 0 0 rg BT 264.93 178.55 Td (to ) Tj ET Q q 0 0 0 rg BT 273.15 178.55 Td (50% ) Tj ET Q q 0 0 0 rg BT 289.82 178.55 Td (of ) Tj ET Q q 0 0 0 rg BT 298.48 178.55 Td (the ) Tj ET Q q 0 0 0 rg BT 310.11 178.55 Td (T) Tj ET Q q 0 0 0 rg BT 314.44 178.55 Td (ar) Tj ET Q q 0 0 0 rg BT 320.51 178.55 Td (get ) Tj ET Q q 0 0 0 rg BT 332.28 178.55 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 357.17 178.55 Td ( ) Tj ET Q q 0 0 0 rg BT 358.73 178.55 Td (A) Tj ET Q q 0 0 0 rg BT 363.77 178.55 Td (ward.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 156.50 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 156.50 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 156.50 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 156.50 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.42 156.50 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 138.20 156.50 Td ( ) Tj ET Q q 0 0 0 rg BT 139.76 156.50 Td (A) Tj ET Q q 0 0 0 rg BT 144.95 156.50 Td (ward) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 162.72 156.50 Td ( ) Tj ET Q q 0 0 0 rg BT 168.27 156.50 Td (means ) Tj ET Q q 0 0 0 rg BT 190.71 156.50 Td ([) Tj ET Q BT /F3 8.00 Tf ET /GS0 gs q 5.00 0 0 8.27 193.38 154.77 cm /I36 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.38 156.50 Td (] ) Tj ET Q q 0 0 0 rg BT 203.04 156.50 Td (PRSUs, ) Tj ET Q q 0 0 0 rg BT 230.16 156.50 Td (representing ) Tj ET Q q 0 0 0 rg BT 271.70 156.50 Td (50% ) Tj ET Q q 0 0 0 rg BT 288.37 156.50 Td (of ) Tj ET Q q 0 0 0 rg BT 297.03 156.50 Td (the ) Tj ET Q q 0 0 0 rg BT 308.66 156.50 Td (T) Tj ET Q q 0 0 0 rg BT 312.99 156.50 Td (ar) Tj ET Q q 0 0 0 rg BT 319.06 156.50 Td (get.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 134.40 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 134.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 134.40 Td (Third ) Tj ET Q q 0 0 0 rg BT 109.51 134.40 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 153.90 134.40 Td (T) Tj ET Q q 0 0 0 rg BT 158.50 134.40 Td (arget ) Tj ET Q q 0 0 0 rg BT 178.13 134.40 Td (FCF) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.68 134.40 Td ( ) Tj ET Q q 0 0 0 rg BT 199.09 134.40 Td (means ) Tj ET Q q 0 0 0 rg BT 221.39 134.40 Td (the ) Tj ET Q q 0 0 0 rg BT 233.03 134.40 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 270.43 134.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 296.29 134.40 Td (of ) Tj ET Q q 0 0 0 rg BT 304.81 134.40 Td (FCF ) Tj ET Q q 0 0 0 rg BT 320.91 134.40 Td (for ) Tj ET Q q 0 0 0 rg BT 332.10 134.40 Td (the ) Tj ET Q q 0 0 0 rg BT 343.60 134.40 Td (Three-Y) Tj ET Q q 0 0 0 rg BT 369.89 134.40 Td (ear ) Tj ET Q q 0 0 0 rg BT 381.52 134.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 424.25 134.40 Td (Period ) Tj ET Q q 0 0 0 rg BT 446.99 134.40 Td (that ) Tj ET Q q 0 0 0 rg BT 460.85 134.40 Td (is ) Tj ET Q q 0 0 0 rg BT 468.05 134.40 Td (established ) Tj ET Q q 0 0 0 rg BT 505.46 134.40 Td (by ) Tj ET Q q 0 0 0 rg BT 515.32 134.40 Td (the ) Tj ET Q q 0 0 0 rg BT 526.95 134.40 Td (Committee ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 123.35 Td (as ) Tj ET Q q 0 0 0 rg BT 93.16 123.35 Td (set ) Tj ET Q q 0 0 0 rg BT 104.05 123.35 Td (forth ) Tj ET Q q 0 0 0 rg BT 121.60 123.35 Td (in ) Tj ET Q q 0 0 0 rg BT 129.82 123.35 Td (the ) Tj ET Q q 0 0 0 rg BT 141.60 123.35 Td (Notice ) Tj ET Q q 0 0 0 rg BT 164.92 123.35 Td (of ) Tj ET Q q 0 0 0 rg BT 173.44 123.35 Td (T) Tj ET Q q 0 0 0 rg BT 177.77 123.35 Td (ar) Tj ET Q q 0 0 0 rg BT 183.84 123.35 Td (get ) Tj ET Q q 0 0 0 rg BT 195.17 123.35 Td (Amounts.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 101.30 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 101.30 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 101.30 Td (Third ) Tj ET Q q 0 0 0 rg BT 110.18 101.30 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 155.37 101.30 Td (T) Tj ET Q q 0 0 0 rg BT 159.98 101.30 Td (arget ) Tj ET Q q 0 0 0 rg BT 180.47 101.30 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.69 101.30 Td ( ) Tj ET Q q 0 0 0 rg BT 212.97 101.30 Td (means ) Tj ET Q q 0 0 0 rg BT 236.13 101.30 Td (the ) Tj ET Q q 0 0 0 rg BT 248.63 101.30 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 286.90 101.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 313.62 101.30 Td (of ) Tj ET Q q 0 0 0 rg BT 323.00 101.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 347.90 101.30 Td ( ) Tj ET Q q 0 0 0 rg BT 350.62 101.30 Td (for ) Tj ET Q q 0 0 0 rg BT 362.67 101.30 Td (the ) Tj ET Q q 0 0 0 rg BT 374.97 101.30 Td (Three-Y) Tj ET Q q 0 0 0 rg BT 401.27 101.30 Td (ear ) Tj ET Q q 0 0 0 rg BT 413.76 101.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 457.35 101.30 Td (Period ) Tj ET Q q 0 0 0 rg BT 480.96 101.30 Td (that ) Tj ET Q q 0 0 0 rg BT 495.68 101.30 Td (is ) Tj ET Q q 0 0 0 rg BT 503.74 101.30 Td (established ) Tj ET Q q 0 0 0 rg BT 542.01 101.30 Td (by ) Tj ET Q q 0 0 0 rg BT 552.74 101.30 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 90.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 122.05 90.25 Td (as ) Tj ET Q q 0 0 0 rg BT 130.71 90.25 Td (set ) Tj ET Q q 0 0 0 rg BT 141.60 90.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 159.15 90.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.38 90.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.15 90.25 Td (Notice ) Tj ET Q q 0 0 0 rg BT 202.47 90.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.99 90.25 Td (T) Tj ET Q q 0 0 0 rg BT 215.32 90.25 Td (ar) Tj ET Q q 0 0 0 rg BT 221.39 90.25 Td (get ) Tj ET Q q 0 0 0 rg BT 232.72 90.25 Td (Amounts.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 68.15 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 68.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 68.15 Td (Thr) Tj ET Q q 0 0 0 rg BT 101.24 68.15 Td (ee-Y) Tj ET Q q 0 0 0 rg BT 115.90 68.15 Td (ear) Tj ET Q q 0 0 0 rg BT 126.86 68.15 Td ( ) Tj ET Q q 0 0 0 rg BT 128.86 68.15 Td (Performance ) Tj ET Q q 0 0 0 rg BT 175.27 68.15 Td (Period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.93 68.15 Td ( ) Tj ET Q q 0 0 0 rg BT 203.48 68.15 Td (shall ) Tj ET Q q 0 0 0 rg BT 220.59 68.15 Td (mean ) Tj ET Q q 0 0 0 rg BT 239.92 68.15 Td (the ) Tj ET Q q 0 0 0 rg BT 251.69 68.15 Td (period ) Tj ET Q q 0 0 0 rg BT 274.13 68.15 Td (from ) Tj ET Q q 0 0 0 rg BT 291.68 68.15 Td (January ) Tj ET Q q 0 0 0 rg BT 318.56 68.15 Td (1, ) Tj ET Q q 0 0 0 rg BT 326.56 68.15 Td (2019 ) Tj ET Q q 0 0 0 rg BT 344.56 68.15 Td (through ) Tj ET Q q 0 0 0 rg BT 371.45 68.15 Td (December ) Tj ET Q q 0 0 0 rg BT 406.31 68.15 Td (31, ) Tj ET Q q 0 0 0 rg BT 418.31 68.15 Td (2021.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 46.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 46.10 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 46.10 Td (T) Tj ET Q q 0 0 0 rg BT 92.79 46.10 Td (wo-Y) Tj ET Q q 0 0 0 rg BT 110.13 46.10 Td (ear) Tj ET Q q 0 0 0 rg BT 121.08 46.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.08 46.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 169.50 46.10 Td (Period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.16 46.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.71 46.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 214.82 46.10 Td (mean ) Tj ET Q q 0 0 0 rg BT 234.14 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.92 46.10 Td (period ) Tj ET Q q 0 0 0 rg BT 268.36 46.10 Td (from ) Tj ET Q q 0 0 0 rg BT 285.91 46.10 Td (January ) Tj ET Q q 0 0 0 rg BT 312.79 46.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 320.79 46.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 338.79 46.10 Td (through ) Tj ET Q q 0 0 0 rg BT 365.67 46.10 Td (December ) Tj ET Q q 0 0 0 rg BT 400.54 46.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 412.54 46.10 Td (2020.) Tj ET Q endstream endobj 187 0 obj <> endobj 188 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 730.45 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 730.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 730.45 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 730.45 Td (otal ) Tj ET Q q 0 0 0 rg BT 106.75 730.45 Td (A) Tj ET Q q 0 0 0 rg BT 111.94 730.45 Td (ward) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 129.71 730.45 Td ( ) Tj ET Q q 0 0 0 rg BT 134.82 730.45 Td (means ) Tj ET Q q 0 0 0 rg BT 156.81 730.45 Td (the ) Tj ET Q q 0 0 0 rg BT 168.14 730.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 193.70 730.45 Td (of ) Tj ET Q q 0 0 0 rg BT 201.92 730.45 Td (the ) Tj ET Q q 0 0 0 rg BT 213.14 730.45 Td (T) Tj ET Q q 0 0 0 rg BT 217.46 730.45 Td (ar) Tj ET Q q 0 0 0 rg BT 223.53 730.45 Td (get ) Tj ET Q q 0 0 0 rg BT 234.86 730.45 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 259.75 730.45 Td ( ) Tj ET Q q 0 0 0 rg BT 260.97 730.45 Td (A) Tj ET Q q 0 0 0 rg BT 266.01 730.45 Td (ward ) Tj ET Q q 0 0 0 rg BT 283.56 730.45 Td (based ) Tj ET Q q 0 0 0 rg BT 303.33 730.45 Td (on ) Tj ET Q q 0 0 0 rg BT 312.89 730.45 Td (the ) Tj ET Q q 0 0 0 rg BT 324.22 730.45 Td (level ) Tj ET Q q 0 0 0 rg BT 341.32 730.45 Td (of ) Tj ET Q q 0 0 0 rg BT 349.54 730.45 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 386.64 730.45 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 411.53 730.45 Td ( ) Tj ET Q q 0 0 0 rg BT 413.09 730.45 Td (achieved ) Tj ET Q q 0 0 0 rg BT 443.07 730.45 Td (for ) Tj ET Q q 0 0 0 rg BT 453.96 730.45 Td (the ) Tj ET Q q 0 0 0 rg BT 465.29 730.45 Td (Four) Tj ET Q q 0 0 0 rg BT 480.24 730.45 Td (-Y) Tj ET Q q 0 0 0 rg BT 487.88 730.45 Td (ear ) Tj ET Q q 0 0 0 rg BT 499.20 730.45 Td (Performance ) Tj ET Q q 0 0 0 rg BT 541.63 730.45 Td (Period ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 719.40 Td (and ) Tj ET Q q 0 0 0 rg BT 98.40 719.40 Td (the ) Tj ET Q q 0 0 0 rg BT 110.52 719.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 136.86 719.40 Td (of ) Tj ET Q q 0 0 0 rg BT 145.88 719.40 Td (the ) Tj ET Q q 0 0 0 rg BT 157.83 719.40 Td (T) Tj ET Q q 0 0 0 rg BT 162.15 719.40 Td (ar) Tj ET Q q 0 0 0 rg BT 168.23 719.40 Td (get ) Tj ET Q q 0 0 0 rg BT 180.35 719.40 Td (FCF ) Tj ET Q q 0 0 0 rg BT 196.41 719.40 Td (A) Tj ET Q q 0 0 0 rg BT 201.45 719.40 Td (ward ) Tj ET Q q 0 0 0 rg BT 219.79 719.40 Td (based ) Tj ET Q q 0 0 0 rg BT 240.36 719.40 Td (on ) Tj ET Q q 0 0 0 rg BT 250.70 719.40 Td (the ) Tj ET Q q 0 0 0 rg BT 262.82 719.40 Td (level ) Tj ET Q q 0 0 0 rg BT 280.72 719.40 Td (of ) Tj ET Q q 0 0 0 rg BT 289.73 719.40 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 327.62 719.40 Td (FCF ) Tj ET Q q 0 0 0 rg BT 344.20 719.40 Td (achieved ) Tj ET Q q 0 0 0 rg BT 374.98 719.40 Td (for ) Tj ET Q q 0 0 0 rg BT 386.65 719.40 Td (the ) Tj ET Q q 0 0 0 rg BT 398.77 719.40 Td (Four) Tj ET Q q 0 0 0 rg BT 413.73 719.40 Td (-Y) Tj ET Q q 0 0 0 rg BT 421.37 719.40 Td (ear ) Tj ET Q q 0 0 0 rg BT 433.48 719.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 476.70 719.40 Td (Period ) Tj ET Q q 0 0 0 rg BT 499.93 719.40 Td (earned ) Tj ET Q q 0 0 0 rg BT 523.59 719.40 Td (on ) Tj ET Q q 0 0 0 rg BT 533.94 719.40 Td (the ) Tj ET Q q 0 0 0 rg BT 546.06 719.40 Td (Final ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 708.35 Td (V) Tj ET Q q 0 0 0 rg BT 89.39 708.35 Td (esting ) Tj ET Q q 0 0 0 rg BT 110.50 708.35 Td (Date.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 686.30 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 686.30 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 686.30 Td (V) Tj ET Q q 0 0 0 rg BT 93.09 686.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 115.68 686.30 Td (Date) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 131.68 686.30 Td ( ) Tj ET Q q 0 0 0 rg BT 137.82 686.30 Td (means ) Tj ET Q q 0 0 0 rg BT 160.84 686.30 Td (any ) Tj ET Q q 0 0 0 rg BT 174.98 686.30 Td (of ) Tj ET Q q 0 0 0 rg BT 184.24 686.30 Td (the ) Tj ET Q q 0 0 0 rg BT 196.60 686.30 Td (Second ) Tj ET Q q 0 0 0 rg BT 222.17 686.30 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 264.30 686.30 Td (Early ) Tj ET Q q 0 0 0 rg BT 284.03 686.30 Td (V) Tj ET Q q 0 0 0 rg BT 288.92 686.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 310.62 686.30 Td (Date, ) Tj ET Q q 0 0 0 rg BT 330.31 686.30 Td (the ) Tj ET Q q 0 0 0 rg BT 342.49 686.30 Td (Third ) Tj ET Q q 0 0 0 rg BT 362.28 686.30 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 404.41 686.30 Td (Early ) Tj ET Q q 0 0 0 rg BT 424.14 686.30 Td (V) Tj ET Q q 0 0 0 rg BT 429.03 686.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 450.73 686.30 Td (Date ) Tj ET Q q 0 0 0 rg BT 468.42 686.30 Td (or ) Tj ET Q q 0 0 0 rg BT 477.67 686.30 Td (the ) Tj ET Q q 0 0 0 rg BT 490.04 686.30 Td (Final ) Tj ET Q q 0 0 0 rg BT 508.89 686.30 Td (V) Tj ET Q q 0 0 0 rg BT 513.78 686.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 535.48 686.30 Td (Date ) Tj ET Q q 0 0 0 rg BT 553.17 686.30 Td (\(as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 675.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 111.08 675.25 Td (below\), ) Tj ET Q q 0 0 0 rg BT 137.89 675.25 Td (as ) Tj ET Q q 0 0 0 rg BT 147.15 675.25 Td (applicable; ) Tj ET Q q 0 0 0 rg BT 184.83 675.25 Td (provided, ) Tj ET Q q 0 0 0 rg BT 217.86 675.25 Td (that ) Tj ET Q q 0 0 0 rg BT 232.45 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.82 675.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 282.96 675.25 Td (may ) Tj ET Q q 0 0 0 rg BT 299.33 675.25 Td (in ) Tj ET Q q 0 0 0 rg BT 308.14 675.25 Td (its ) Tj ET Q q 0 0 0 rg BT 318.29 675.25 Td (discretion ) Tj ET Q q 0 0 0 rg BT 352.43 675.25 Td (permit ) Tj ET Q q 0 0 0 rg BT 375.91 675.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 401.61 675.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 419.75 675.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.57 675.25 Td (any ) Tj ET Q q 0 0 0 rg BT 442.71 675.25 Td (such ) Tj ET Q q 0 0 0 rg BT 459.78 675.25 Td (V) Tj ET Q q 0 0 0 rg BT 464.67 675.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 486.38 675.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 504.07 675.25 Td (when ) Tj ET Q q 0 0 0 rg BT 523.99 675.25 Td (it ) Tj ET Q q 0 0 0 rg BT 531.03 675.25 Td (delivers ) Tj ET Q q 0 0 0 rg BT 558.95 675.25 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 664.20 Td (Confirmation ) Tj ET Q q 0 0 0 rg BT 129.61 664.20 Td (in ) Tj ET Q q 0 0 0 rg BT 137.83 664.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 162.48 664.20 Td (of ) Tj ET Q q 0 0 0 rg BT 171.14 664.20 Td (the ) Tj ET Q q 0 0 0 rg BT 182.92 664.20 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 230.68 664.20 Td (Performance ) Tj ET Q q 0 0 0 rg BT 273.55 664.20 Td (Period.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 642.10 Td (2. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 642.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 111.64 642.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.02 642.10 Td (Sections ) Tj ET Q q 0 0 0 rg BT 149.27 642.10 Td (2\(b\), ) Tj ET Q q 0 0 0 rg BT 166.75 642.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 177.78 642.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.48 642.10 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 202.95 642.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.77 642.10 Td (this ) Tj ET Q q 0 0 0 rg BT 225.00 642.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 262.69 642.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.39 642.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.31 642.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 312.22 642.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.03 642.10 Td (Confirmation, ) Tj ET Q q 0 0 0 rg BT 368.28 642.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.73 642.10 Td (A) Tj ET Q q 0 0 0 rg BT 384.77 642.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 402.92 642.10 Td (will ) Tj ET Q q 0 0 0 rg BT 417.51 642.10 Td (become ) Tj ET Q q 0 0 0 rg BT 444.53 642.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 467.12 642.10 Td (on ) Tj ET Q q 0 0 0 rg BT 477.27 642.10 Td (March ) Tj ET Q q 0 0 0 rg BT 500.29 642.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 508.44 642.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 526.59 642.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 541.18 642.10 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.73 642.10 Td (Final) Tj ET Q BT /F1 8.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 631.10 Td (V) Tj ET Q q 0 0 0 rg BT 90.54 631.10 Td (esting ) Tj ET Q q 0 0 0 rg BT 112.54 631.10 Td (Date) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 128.54 631.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 136.75 631.10 Td (as ) Tj ET Q q 0 0 0 rg BT 145.41 631.10 Td (follows:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 609.00 Td (a. ) Tj ET Q q 0 0 0 rg BT 121.50 609.00 Td (200% ) Tj ET Q q 0 0 0 rg BT 142.16 609.00 Td (of ) Tj ET Q q 0 0 0 rg BT 150.83 609.00 Td (the ) Tj ET Q q 0 0 0 rg BT 162.46 609.00 Td (T) Tj ET Q q 0 0 0 rg BT 166.79 609.00 Td (ar) Tj ET Q q 0 0 0 rg BT 172.86 609.00 Td (get ) Tj ET Q q 0 0 0 rg BT 184.63 609.00 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 209.52 609.00 Td ( ) Tj ET Q q 0 0 0 rg BT 211.08 609.00 Td (A) Tj ET Q q 0 0 0 rg BT 216.12 609.00 Td (ward ) Tj ET Q q 0 0 0 rg BT 234.11 609.00 Td (will ) Tj ET Q q 0 0 0 rg BT 248.56 609.00 Td (vest ) Tj ET Q q 0 0 0 rg BT 263.45 609.00 Td (if ) Tj ET Q q 0 0 0 rg BT 270.33 609.00 Td (the ) Tj ET Q q 0 0 0 rg BT 282.11 609.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 315.21 609.00 Td (has ) Tj ET Q q 0 0 0 rg BT 327.88 609.00 Td (achieved ) Tj ET Q q 0 0 0 rg BT 358.30 609.00 Td (the ) Tj ET Q q 0 0 0 rg BT 369.93 609.00 Td (T) Tj ET Q q 0 0 0 rg BT 374.26 609.00 Td (ar) Tj ET Q q 0 0 0 rg BT 380.33 609.00 Td (get ) Tj ET Q q 0 0 0 rg BT 392.11 609.00 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 417.00 609.00 Td ( ) Tj ET Q q 0 0 0 rg BT 419.00 609.00 Td (Maximum; ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 586.90 Td (b. ) Tj ET Q q 0 0 0 rg BT 121.50 586.90 Td (200% ) Tj ET Q q 0 0 0 rg BT 142.16 586.90 Td (of ) Tj ET Q q 0 0 0 rg BT 150.83 586.90 Td (the ) Tj ET Q q 0 0 0 rg BT 162.46 586.90 Td (T) Tj ET Q q 0 0 0 rg BT 166.79 586.90 Td (ar) Tj ET Q q 0 0 0 rg BT 172.86 586.90 Td (get ) Tj ET Q q 0 0 0 rg BT 184.63 586.90 Td (FCF ) Tj ET Q q 0 0 0 rg BT 200.42 586.90 Td (A) Tj ET Q q 0 0 0 rg BT 205.46 586.90 Td (ward ) Tj ET Q q 0 0 0 rg BT 223.46 586.90 Td (will ) Tj ET Q q 0 0 0 rg BT 237.90 586.90 Td (vest ) Tj ET Q q 0 0 0 rg BT 252.79 586.90 Td (if ) Tj ET Q q 0 0 0 rg BT 259.68 586.90 Td (the ) Tj ET Q q 0 0 0 rg BT 271.45 586.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 304.56 586.90 Td (has ) Tj ET Q q 0 0 0 rg BT 317.22 586.90 Td (achieved ) Tj ET Q q 0 0 0 rg BT 347.65 586.90 Td (the ) Tj ET Q q 0 0 0 rg BT 359.28 586.90 Td (T) Tj ET Q q 0 0 0 rg BT 363.61 586.90 Td (ar) Tj ET Q q 0 0 0 rg BT 369.68 586.90 Td (get ) Tj ET Q q 0 0 0 rg BT 381.45 586.90 Td (FCF ) Tj ET Q q 0 0 0 rg BT 397.68 586.90 Td (Maximum; ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 564.85 Td (c. ) Tj ET Q q 0 0 0 rg BT 121.50 564.85 Td (100% ) Tj ET Q q 0 0 0 rg BT 142.16 564.85 Td (of ) Tj ET Q q 0 0 0 rg BT 150.83 564.85 Td (the ) Tj ET Q q 0 0 0 rg BT 162.46 564.85 Td (T) Tj ET Q q 0 0 0 rg BT 166.79 564.85 Td (ar) Tj ET Q q 0 0 0 rg BT 172.86 564.85 Td (get ) Tj ET Q q 0 0 0 rg BT 184.63 564.85 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 209.52 564.85 Td ( ) Tj ET Q q 0 0 0 rg BT 211.08 564.85 Td (A) Tj ET Q q 0 0 0 rg BT 216.12 564.85 Td (ward ) Tj ET Q q 0 0 0 rg BT 234.11 564.85 Td (will ) Tj ET Q q 0 0 0 rg BT 248.56 564.85 Td (vest ) Tj ET Q q 0 0 0 rg BT 263.45 564.85 Td (if ) Tj ET Q q 0 0 0 rg BT 270.33 564.85 Td (the ) Tj ET Q q 0 0 0 rg BT 282.11 564.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 315.21 564.85 Td (has ) Tj ET Q q 0 0 0 rg BT 327.88 564.85 Td (achieved ) Tj ET Q q 0 0 0 rg BT 358.16 564.85 Td (T) Tj ET Q q 0 0 0 rg BT 362.49 564.85 Td (ar) Tj ET Q q 0 0 0 rg BT 368.56 564.85 Td (get ) Tj ET Q q 0 0 0 rg BT 380.33 564.85 Td (OIBDA;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 542.75 Td (d. ) Tj ET Q q 0 0 0 rg BT 121.50 542.75 Td (100% ) Tj ET Q q 0 0 0 rg BT 142.16 542.75 Td (of ) Tj ET Q q 0 0 0 rg BT 150.83 542.75 Td (the ) Tj ET Q q 0 0 0 rg BT 162.46 542.75 Td (T) Tj ET Q q 0 0 0 rg BT 166.79 542.75 Td (ar) Tj ET Q q 0 0 0 rg BT 172.86 542.75 Td (get ) Tj ET Q q 0 0 0 rg BT 184.63 542.75 Td (FCF ) Tj ET Q q 0 0 0 rg BT 200.42 542.75 Td (A) Tj ET Q q 0 0 0 rg BT 205.46 542.75 Td (ward ) Tj ET Q q 0 0 0 rg BT 223.46 542.75 Td (will ) Tj ET Q q 0 0 0 rg BT 237.90 542.75 Td (vest ) Tj ET Q q 0 0 0 rg BT 252.79 542.75 Td (if ) Tj ET Q q 0 0 0 rg BT 259.68 542.75 Td (the ) Tj ET Q q 0 0 0 rg BT 271.45 542.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 304.56 542.75 Td (has ) Tj ET Q q 0 0 0 rg BT 317.22 542.75 Td (achieved ) Tj ET Q q 0 0 0 rg BT 347.65 542.75 Td (the ) Tj ET Q q 0 0 0 rg BT 359.28 542.75 Td (T) Tj ET Q q 0 0 0 rg BT 363.61 542.75 Td (ar) Tj ET Q q 0 0 0 rg BT 369.68 542.75 Td (get ) Tj ET Q q 0 0 0 rg BT 381.45 542.75 Td (FCF;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 520.70 Td (e. ) Tj ET Q q 0 0 0 rg BT 121.50 520.70 Td (50% ) Tj ET Q q 0 0 0 rg BT 138.16 520.70 Td (the ) Tj ET Q q 0 0 0 rg BT 149.79 520.70 Td (T) Tj ET Q q 0 0 0 rg BT 154.12 520.70 Td (ar) Tj ET Q q 0 0 0 rg BT 160.19 520.70 Td (get ) Tj ET Q q 0 0 0 rg BT 171.96 520.70 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 196.86 520.70 Td ( ) Tj ET Q q 0 0 0 rg BT 198.41 520.70 Td (A) Tj ET Q q 0 0 0 rg BT 203.46 520.70 Td (ward ) Tj ET Q q 0 0 0 rg BT 221.45 520.70 Td (will ) Tj ET Q q 0 0 0 rg BT 235.89 520.70 Td (vest ) Tj ET Q q 0 0 0 rg BT 250.78 520.70 Td (if ) Tj ET Q q 0 0 0 rg BT 257.67 520.70 Td (the ) Tj ET Q q 0 0 0 rg BT 269.44 520.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 302.55 520.70 Td (has ) Tj ET Q q 0 0 0 rg BT 315.21 520.70 Td (achieved ) Tj ET Q q 0 0 0 rg BT 345.64 520.70 Td (the ) Tj ET Q q 0 0 0 rg BT 357.27 520.70 Td (T) Tj ET Q q 0 0 0 rg BT 361.60 520.70 Td (ar) Tj ET Q q 0 0 0 rg BT 367.67 520.70 Td (get ) Tj ET Q q 0 0 0 rg BT 379.44 520.70 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 404.33 520.70 Td ( ) Tj ET Q q 0 0 0 rg BT 406.33 520.70 Td (Minimum;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 498.60 Td (f. ) Tj ET Q q 0 0 0 rg BT 121.50 498.60 Td (50% ) Tj ET Q q 0 0 0 rg BT 138.16 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 146.83 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 158.46 498.60 Td (T) Tj ET Q q 0 0 0 rg BT 162.79 498.60 Td (ar) Tj ET Q q 0 0 0 rg BT 168.86 498.60 Td (get ) Tj ET Q q 0 0 0 rg BT 180.63 498.60 Td (FCF ) Tj ET Q q 0 0 0 rg BT 196.42 498.60 Td (A) Tj ET Q q 0 0 0 rg BT 201.46 498.60 Td (ward ) Tj ET Q q 0 0 0 rg BT 219.46 498.60 Td (will ) Tj ET Q q 0 0 0 rg BT 233.90 498.60 Td (vest ) Tj ET Q q 0 0 0 rg BT 248.79 498.60 Td (if ) Tj ET Q q 0 0 0 rg BT 255.68 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 267.45 498.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 300.56 498.60 Td (has ) Tj ET Q q 0 0 0 rg BT 313.22 498.60 Td (achieved ) Tj ET Q q 0 0 0 rg BT 343.65 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 355.28 498.60 Td (T) Tj ET Q q 0 0 0 rg BT 359.61 498.60 Td (ar) Tj ET Q q 0 0 0 rg BT 365.68 498.60 Td (get ) Tj ET Q q 0 0 0 rg BT 377.45 498.60 Td (FCF ) Tj ET Q q 0 0 0 rg BT 393.68 498.60 Td (Minimum; ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 476.50 Td (g. ) Tj ET Q q 0 0 0 rg BT 121.50 476.50 Td (0% ) Tj ET Q q 0 0 0 rg BT 134.36 476.50 Td (of ) Tj ET Q q 0 0 0 rg BT 143.21 476.50 Td (the ) Tj ET Q q 0 0 0 rg BT 155.02 476.50 Td (T) Tj ET Q q 0 0 0 rg BT 159.35 476.50 Td (ar) Tj ET Q q 0 0 0 rg BT 165.42 476.50 Td (get ) Tj ET Q q 0 0 0 rg BT 177.38 476.50 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 202.28 476.50 Td ( ) Tj ET Q q 0 0 0 rg BT 203.98 476.50 Td (A) Tj ET Q q 0 0 0 rg BT 209.03 476.50 Td (ward ) Tj ET Q q 0 0 0 rg BT 227.21 476.50 Td (will ) Tj ET Q q 0 0 0 rg BT 241.85 476.50 Td (vest ) Tj ET Q q 0 0 0 rg BT 256.93 476.50 Td (on ) Tj ET Q q 0 0 0 rg BT 267.12 476.50 Td (the ) Tj ET Q q 0 0 0 rg BT 279.09 476.50 Td (Final ) Tj ET Q q 0 0 0 rg BT 297.57 476.50 Td (V) Tj ET Q q 0 0 0 rg BT 302.46 476.50 Td (esting ) Tj ET Q q 0 0 0 rg BT 323.76 476.50 Td (Date ) Tj ET Q q 0 0 0 rg BT 341.05 476.50 Td (if ) Tj ET Q q 0 0 0 rg BT 348.13 476.50 Td (the ) Tj ET Q q 0 0 0 rg BT 360.10 476.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 393.40 476.50 Td (has ) Tj ET Q q 0 0 0 rg BT 406.26 476.50 Td (achieved ) Tj ET Q q 0 0 0 rg BT 436.87 476.50 Td (less ) Tj ET Q q 0 0 0 rg BT 451.07 476.50 Td (than ) Tj ET Q q 0 0 0 rg BT 467.03 476.50 Td (the ) Tj ET Q q 0 0 0 rg BT 478.84 476.50 Td (T) Tj ET Q q 0 0 0 rg BT 483.17 476.50 Td (ar) Tj ET Q q 0 0 0 rg BT 489.24 476.50 Td (get ) Tj ET Q q 0 0 0 rg BT 501.20 476.50 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 526.09 476.50 Td ( ) Tj ET Q q 0 0 0 rg BT 528.29 476.50 Td (Minimum; ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 465.50 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 443.40 Td (h. ) Tj ET Q q 0 0 0 rg BT 121.50 443.40 Td (0% ) Tj ET Q q 0 0 0 rg BT 134.16 443.40 Td (of ) Tj ET Q q 0 0 0 rg BT 142.83 443.40 Td (the ) Tj ET Q q 0 0 0 rg BT 154.46 443.40 Td (T) Tj ET Q q 0 0 0 rg BT 158.79 443.40 Td (ar) Tj ET Q q 0 0 0 rg BT 164.86 443.40 Td (get ) Tj ET Q q 0 0 0 rg BT 176.63 443.40 Td (FCF ) Tj ET Q q 0 0 0 rg BT 192.42 443.40 Td (A) Tj ET Q q 0 0 0 rg BT 197.46 443.40 Td (ward ) Tj ET Q q 0 0 0 rg BT 215.46 443.40 Td (will ) Tj ET Q q 0 0 0 rg BT 229.90 443.40 Td (vest ) Tj ET Q q 0 0 0 rg BT 244.79 443.40 Td (on ) Tj ET Q q 0 0 0 rg BT 254.79 443.40 Td (the ) Tj ET Q q 0 0 0 rg BT 266.56 443.40 Td (Final ) Tj ET Q q 0 0 0 rg BT 284.86 443.40 Td (V) Tj ET Q q 0 0 0 rg BT 289.75 443.40 Td (esting ) Tj ET Q q 0 0 0 rg BT 310.86 443.40 Td (Date ) Tj ET Q q 0 0 0 rg BT 327.96 443.40 Td (if ) Tj ET Q q 0 0 0 rg BT 334.85 443.40 Td (the ) Tj ET Q q 0 0 0 rg BT 346.63 443.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 379.73 443.40 Td (has ) Tj ET Q q 0 0 0 rg BT 392.40 443.40 Td (achieved ) Tj ET Q q 0 0 0 rg BT 422.82 443.40 Td (less ) Tj ET Q q 0 0 0 rg BT 436.82 443.40 Td (than ) Tj ET Q q 0 0 0 rg BT 452.60 443.40 Td (the ) Tj ET Q q 0 0 0 rg BT 464.23 443.40 Td (T) Tj ET Q q 0 0 0 rg BT 468.55 443.40 Td (ar) Tj ET Q q 0 0 0 rg BT 474.63 443.40 Td (get ) Tj ET Q q 0 0 0 rg BT 486.40 443.40 Td (FCF ) Tj ET Q q 0 0 0 rg BT 502.63 443.40 Td (Minimum;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 421.30 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 85.50 421.30 Td (pr) Tj ET Q q 0 0 0 rg BT 92.32 421.30 Td (ovided) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.64 421.30 Td (, ) Tj ET Q q 0 0 0 rg BT 117.86 421.30 Td (that ) Tj ET Q q 0 0 0 rg BT 132.07 421.30 Td (the ) Tj ET Q q 0 0 0 rg BT 144.06 421.30 Td (percentage ) Tj ET Q q 0 0 0 rg BT 180.91 421.30 Td (of ) Tj ET Q q 0 0 0 rg BT 189.79 421.30 Td (the ) Tj ET Q q 0 0 0 rg BT 201.62 421.30 Td (T) Tj ET Q q 0 0 0 rg BT 205.95 421.30 Td (ar) Tj ET Q q 0 0 0 rg BT 212.02 421.30 Td (get ) Tj ET Q q 0 0 0 rg BT 224.01 421.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 248.90 421.30 Td ( ) Tj ET Q q 0 0 0 rg BT 250.63 421.30 Td (A) Tj ET Q q 0 0 0 rg BT 255.67 421.30 Td (ward ) Tj ET Q q 0 0 0 rg BT 273.88 421.30 Td (that ) Tj ET Q q 0 0 0 rg BT 288.09 421.30 Td (will ) Tj ET Q q 0 0 0 rg BT 302.75 421.30 Td (vest ) Tj ET Q q 0 0 0 rg BT 317.85 421.30 Td (in ) Tj ET Q q 0 0 0 rg BT 326.29 421.30 Td (the ) Tj ET Q q 0 0 0 rg BT 338.28 421.30 Td (event ) Tj ET Q q 0 0 0 rg BT 357.82 421.30 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 395.58 421.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 420.47 421.30 Td ( ) Tj ET Q q 0 0 0 rg BT 422.69 421.30 Td (as ) Tj ET Q q 0 0 0 rg BT 431.57 421.30 Td (of ) Tj ET Q q 0 0 0 rg BT 440.45 421.30 Td (the ) Tj ET Q q 0 0 0 rg BT 452.44 421.30 Td (end ) Tj ET Q q 0 0 0 rg BT 466.20 421.30 Td (of ) Tj ET Q q 0 0 0 rg BT 475.08 421.30 Td (the ) Tj ET Q q 0 0 0 rg BT 487.07 421.30 Td (Four) Tj ET Q q 0 0 0 rg BT 502.03 421.30 Td (-Y) Tj ET Q q 0 0 0 rg BT 509.67 421.30 Td (ear ) Tj ET Q q 0 0 0 rg BT 521.65 421.30 Td (Performance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 410.30 Td (Period ) Tj ET Q q 0 0 0 rg BT 107.58 410.30 Td (is ) Tj ET Q q 0 0 0 rg BT 114.11 410.30 Td (between ) Tj ET Q q 0 0 0 rg BT 141.95 410.30 Td (the ) Tj ET Q q 0 0 0 rg BT 152.83 410.30 Td (T) Tj ET Q q 0 0 0 rg BT 157.16 410.30 Td (ar) Tj ET Q q 0 0 0 rg BT 163.23 410.30 Td (get ) Tj ET Q q 0 0 0 rg BT 174.19 410.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 199.08 410.30 Td ( ) Tj ET Q q 0 0 0 rg BT 200.27 410.30 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 234.80 410.30 Td (and ) Tj ET Q q 0 0 0 rg BT 247.54 410.30 Td (the ) Tj ET Q q 0 0 0 rg BT 258.42 410.30 Td (T) Tj ET Q q 0 0 0 rg BT 262.75 410.30 Td (ar) Tj ET Q q 0 0 0 rg BT 268.82 410.30 Td (get ) Tj ET Q q 0 0 0 rg BT 279.78 410.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 304.67 410.30 Td ( ) Tj ET Q q 0 0 0 rg BT 305.86 410.30 Td (or ) Tj ET Q q 0 0 0 rg BT 313.72 410.30 Td (between ) Tj ET Q q 0 0 0 rg BT 341.56 410.30 Td (the ) Tj ET Q q 0 0 0 rg BT 352.44 410.30 Td (T) Tj ET Q q 0 0 0 rg BT 356.77 410.30 Td (ar) Tj ET Q q 0 0 0 rg BT 362.84 410.30 Td (get ) Tj ET Q q 0 0 0 rg BT 373.80 410.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 398.70 410.30 Td ( ) Tj ET Q q 0 0 0 rg BT 399.89 410.30 Td (and ) Tj ET Q q 0 0 0 rg BT 412.63 410.30 Td (the ) Tj ET Q q 0 0 0 rg BT 423.51 410.30 Td (T) Tj ET Q q 0 0 0 rg BT 427.84 410.30 Td (ar) Tj ET Q q 0 0 0 rg BT 433.91 410.30 Td (get ) Tj ET Q q 0 0 0 rg BT 444.87 410.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 469.76 410.30 Td ( ) Tj ET Q q 0 0 0 rg BT 470.95 410.30 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 504.15 410.30 Td (and ) Tj ET Q q 0 0 0 rg BT 516.89 410.30 Td (the ) Tj ET Q q 0 0 0 rg BT 527.86 410.30 Td (percentage ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 399.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.10 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.67 399.25 Td (T) Tj ET Q q 0 0 0 rg BT 110.00 399.25 Td (ar) Tj ET Q q 0 0 0 rg BT 116.07 399.25 Td (get ) Tj ET Q q 0 0 0 rg BT 127.78 399.25 Td (FCF ) Tj ET Q q 0 0 0 rg BT 143.53 399.25 Td (A) Tj ET Q q 0 0 0 rg BT 148.57 399.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 166.50 399.25 Td (that ) Tj ET Q q 0 0 0 rg BT 180.44 399.25 Td (will ) Tj ET Q q 0 0 0 rg BT 194.82 399.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 209.65 399.25 Td (in ) Tj ET Q q 0 0 0 rg BT 217.81 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.52 399.25 Td (event ) Tj ET Q q 0 0 0 rg BT 248.78 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.49 399.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 297.98 399.25 Td (FCF ) Tj ET Q q 0 0 0 rg BT 314.15 399.25 Td (as ) Tj ET Q q 0 0 0 rg BT 322.75 399.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.35 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.07 399.25 Td (end ) Tj ET Q q 0 0 0 rg BT 356.56 399.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.16 399.25 Td ( ) Tj ET Q q 0 0 0 rg BT 367.10 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.81 399.25 Td (Four) Tj ET Q q 0 0 0 rg BT 393.76 399.25 Td (-Y) Tj ET Q q 0 0 0 rg BT 401.40 399.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 413.11 399.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 455.91 399.25 Td (Period ) Tj ET Q q 0 0 0 rg BT 478.74 399.25 Td (is ) Tj ET Q q 0 0 0 rg BT 486.01 399.25 Td (between ) Tj ET Q q 0 0 0 rg BT 514.60 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.17 399.25 Td (T) Tj ET Q q 0 0 0 rg BT 530.50 399.25 Td (ar) Tj ET Q q 0 0 0 rg BT 536.57 399.25 Td (get ) Tj ET Q q 0 0 0 rg BT 548.28 399.25 Td (FCF ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 388.20 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 121.00 388.20 Td (and ) Tj ET Q q 0 0 0 rg BT 134.72 388.20 Td (the ) Tj ET Q q 0 0 0 rg BT 146.51 388.20 Td (T) Tj ET Q q 0 0 0 rg BT 150.83 388.20 Td (ar) Tj ET Q q 0 0 0 rg BT 156.90 388.20 Td (get ) Tj ET Q q 0 0 0 rg BT 168.85 388.20 Td (FCF ) Tj ET Q q 0 0 0 rg BT 185.25 388.20 Td (or ) Tj ET Q q 0 0 0 rg BT 194.08 388.20 Td (between ) Tj ET Q q 0 0 0 rg BT 222.90 388.20 Td (the ) Tj ET Q q 0 0 0 rg BT 234.69 388.20 Td (T) Tj ET Q q 0 0 0 rg BT 239.02 388.20 Td (ar) Tj ET Q q 0 0 0 rg BT 245.09 388.20 Td (get ) Tj ET Q q 0 0 0 rg BT 257.03 388.20 Td (FCF ) Tj ET Q q 0 0 0 rg BT 273.43 388.20 Td (and ) Tj ET Q q 0 0 0 rg BT 287.15 388.20 Td (the ) Tj ET Q q 0 0 0 rg BT 298.94 388.20 Td (T) Tj ET Q q 0 0 0 rg BT 303.27 388.20 Td (ar) Tj ET Q q 0 0 0 rg BT 309.34 388.20 Td (get ) Tj ET Q q 0 0 0 rg BT 321.28 388.20 Td (FCF ) Tj ET Q q 0 0 0 rg BT 337.68 388.20 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 371.86 388.20 Td (will ) Tj ET Q q 0 0 0 rg BT 386.47 388.20 Td (be ) Tj ET Q q 0 0 0 rg BT 396.19 388.20 Td (determined ) Tj ET Q q 0 0 0 rg BT 434.34 388.20 Td (by ) Tj ET Q q 0 0 0 rg BT 444.51 388.20 Td (interpolating ) Tj ET Q q 0 0 0 rg BT 487.56 388.20 Td (on ) Tj ET Q q 0 0 0 rg BT 497.73 388.20 Td (a ) Tj ET Q q 0 0 0 rg BT 503.45 388.20 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 544.27 388.20 Td (basis; ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 377.15 Td (and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 98.89 377.15 Td (pr) Tj ET Q q 0 0 0 rg BT 105.70 377.15 Td (ovided) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.03 377.15 Td (, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 130.86 377.15 Td (further) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 153.09 377.15 Td ( ) Tj ET Q q 0 0 0 rg BT 154.92 377.15 Td (that ) Tj ET Q q 0 0 0 rg BT 168.75 377.15 Td (the ) Tj ET Q q 0 0 0 rg BT 180.36 377.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 206.20 377.15 Td (of ) Tj ET Q q 0 0 0 rg BT 214.70 377.15 Td (the ) Tj ET Q q 0 0 0 rg BT 226.17 377.15 Td (T) Tj ET Q q 0 0 0 rg BT 230.50 377.15 Td (otal ) Tj ET Q q 0 0 0 rg BT 243.93 377.15 Td (A) Tj ET Q q 0 0 0 rg BT 248.97 377.15 Td (ward ) Tj ET Q q 0 0 0 rg BT 266.80 377.15 Td (that ) Tj ET Q q 0 0 0 rg BT 280.63 377.15 Td (will ) Tj ET Q q 0 0 0 rg BT 294.91 377.15 Td (vest ) Tj ET Q q 0 0 0 rg BT 309.63 377.15 Td (on ) Tj ET Q q 0 0 0 rg BT 319.47 377.15 Td (the ) Tj ET Q q 0 0 0 rg BT 331.08 377.15 Td (Final ) Tj ET Q q 0 0 0 rg BT 349.23 377.15 Td (V) Tj ET Q q 0 0 0 rg BT 354.12 377.15 Td (esting ) Tj ET Q q 0 0 0 rg BT 375.06 377.15 Td (Date ) Tj ET Q q 0 0 0 rg BT 392.00 377.15 Td (will ) Tj ET Q q 0 0 0 rg BT 406.28 377.15 Td (be ) Tj ET Q q 0 0 0 rg BT 415.67 377.15 Td (reduced ) Tj ET Q q 0 0 0 rg BT 442.82 377.15 Td (by ) Tj ET Q q 0 0 0 rg BT 452.66 377.15 Td (the ) Tj ET Q q 0 0 0 rg BT 464.27 377.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 490.10 377.15 Td (of ) Tj ET Q q 0 0 0 rg BT 498.60 377.15 Td (the ) Tj ET Q q 0 0 0 rg BT 509.80 377.15 Td (A) Tj ET Q q 0 0 0 rg BT 514.85 377.15 Td (ward ) Tj ET Q q 0 0 0 rg BT 532.67 377.15 Td (that ) Tj ET Q q 0 0 0 rg BT 546.51 377.15 Td (vests ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 366.10 Td (on ) Tj ET Q q 0 0 0 rg BT 95.50 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.27 366.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 132.38 366.10 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 173.93 366.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 193.11 366.10 Td (V) Tj ET Q q 0 0 0 rg BT 198.00 366.10 Td (esting ) Tj ET Q q 0 0 0 rg BT 219.11 366.10 Td (Date ) Tj ET Q q 0 0 0 rg BT 236.21 366.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.76 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.39 366.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 280.72 366.10 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 322.26 366.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 341.44 366.10 Td (V) Tj ET Q q 0 0 0 rg BT 346.33 366.10 Td (esting ) Tj ET Q q 0 0 0 rg BT 367.44 366.10 Td (Date ) Tj ET Q q 0 0 0 rg BT 384.54 366.10 Td (\(if ) Tj ET Q q 0 0 0 rg BT 394.09 366.10 Td (any\). ) Tj ET Q q 0 0 0 rg BT 412.31 366.10 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 344.05 Td (3. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 344.05 Td (Subject ) Tj ET Q q 0 0 0 rg BT 111.42 344.05 Td (to ) Tj ET Q q 0 0 0 rg BT 119.56 344.05 Td (Sections ) Tj ET Q q 0 0 0 rg BT 148.60 344.05 Td (2\(b\), ) Tj ET Q q 0 0 0 rg BT 165.85 344.05 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 176.65 344.05 Td (and ) Tj ET Q q 0 0 0 rg BT 190.12 344.05 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 201.37 344.05 Td (of ) Tj ET Q q 0 0 0 rg BT 209.96 344.05 Td (this ) Tj ET Q q 0 0 0 rg BT 223.02 344.05 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 260.48 344.05 Td (and ) Tj ET Q q 0 0 0 rg BT 273.95 344.05 Td (receipt ) Tj ET Q q 0 0 0 rg BT 297.64 344.05 Td (of ) Tj ET Q q 0 0 0 rg BT 306.23 344.05 Td (Confirmation ) Tj ET Q q 0 0 0 rg BT 351.25 344.05 Td (and ) Tj ET Q q 0 0 0 rg BT 364.73 344.05 Td (notwithstanding ) Tj ET Q q 0 0 0 rg BT 418.20 344.05 Td (anything ) Tj ET Q q 0 0 0 rg BT 448.12 344.05 Td (to ) Tj ET Q q 0 0 0 rg BT 456.27 344.05 Td (the ) Tj ET Q q 0 0 0 rg BT 467.97 344.05 Td (contrary ) Tj ET Q q 0 0 0 rg BT 496.54 344.05 Td (herein, ) Tj ET Q q 0 0 0 rg BT 520.45 344.05 Td (an ) Tj ET Q q 0 0 0 rg BT 529.93 344.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 555.84 344.05 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 333.00 Td (25% ) Tj ET Q q 0 0 0 rg BT 102.51 333.00 Td (of ) Tj ET Q q 0 0 0 rg BT 111.36 333.00 Td (T) Tj ET Q q 0 0 0 rg BT 115.69 333.00 Td (ar) Tj ET Q q 0 0 0 rg BT 121.76 333.00 Td (get ) Tj ET Q q 0 0 0 rg BT 133.88 333.00 Td (\(representing ) Tj ET Q q 0 0 0 rg BT 178.43 333.00 Td ([) Tj ET Q BT /F3 8.00 Tf ET /GS0 gs q 5.00 0 0 8.27 181.10 331.27 cm /I37 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.10 333.00 Td (] ) Tj ET Q q 0 0 0 rg BT 191.11 333.00 Td (PRSUs\) ) Tj ET Q q 0 0 0 rg BT 219.25 333.00 Td (will ) Tj ET Q q 0 0 0 rg BT 234.04 333.00 Td (vest ) Tj ET Q q 0 0 0 rg BT 249.28 333.00 Td (on ) Tj ET Q q 0 0 0 rg BT 259.63 333.00 Td (March ) Tj ET Q q 0 0 0 rg BT 282.86 333.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 291.21 333.00 Td (2021 ) Tj ET Q q 0 0 0 rg BT 309.56 333.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 324.34 333.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.89 333.00 Td (Second ) Tj ET Q q 0 0 0 rg BT 354.17 333.00 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 399.19 333.00 Td (Early ) Tj ET Q q 0 0 0 rg BT 420.48 333.00 Td (V) Tj ET Q q 0 0 0 rg BT 425.52 333.00 Td (esting ) Tj ET Q q 0 0 0 rg BT 447.87 333.00 Td (Date) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.86 333.00 Td (\) ) Tj ET Q q 0 0 0 rg BT 472.43 333.00 Td (if ) Tj ET Q q 0 0 0 rg BT 479.66 333.00 Td (and ) Tj ET Q q 0 0 0 rg BT 493.56 333.00 Td (only ) Tj ET Q q 0 0 0 rg BT 510.14 333.00 Td (to ) Tj ET Q q 0 0 0 rg BT 518.71 333.00 Td (the ) Tj ET Q q 0 0 0 rg BT 530.83 333.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 552.73 333.00 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 321.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 118.61 321.95 Td (has ) Tj ET Q q 0 0 0 rg BT 131.27 321.95 Td (achieved ) Tj ET Q q 0 0 0 rg BT 161.70 321.95 Td (both ) Tj ET Q q 0 0 0 rg BT 177.92 321.95 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 187.47 321.95 Td (the ) Tj ET Q q 0 0 0 rg BT 199.25 321.95 Td (Second ) Tj ET Q q 0 0 0 rg BT 224.36 321.95 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 265.75 321.95 Td (T) Tj ET Q q 0 0 0 rg BT 270.08 321.95 Td (ar) Tj ET Q q 0 0 0 rg BT 276.15 321.95 Td (get ) Tj ET Q q 0 0 0 rg BT 287.93 321.95 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 312.82 321.95 Td ( ) Tj ET Q q 0 0 0 rg BT 314.82 321.95 Td (and ) Tj ET Q q 0 0 0 rg BT 328.37 321.95 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 340.14 321.95 Td (the ) Tj ET Q q 0 0 0 rg BT 351.91 321.95 Td (Second ) Tj ET Q q 0 0 0 rg BT 377.02 321.95 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 418.42 321.95 Td (T) Tj ET Q q 0 0 0 rg BT 422.75 321.95 Td (ar) Tj ET Q q 0 0 0 rg BT 428.82 321.95 Td (get ) Tj ET Q q 0 0 0 rg BT 440.59 321.95 Td (FCF) Tj ET Q q 0 0 0 rg BT 454.19 321.95 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 299.90 Td (4. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 299.90 Td (Subject ) Tj ET Q q 0 0 0 rg BT 111.28 299.90 Td (to ) Tj ET Q q 0 0 0 rg BT 119.29 299.90 Td (Sections ) Tj ET Q q 0 0 0 rg BT 148.18 299.90 Td (2\(b\), ) Tj ET Q q 0 0 0 rg BT 165.29 299.90 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 175.96 299.90 Td (and ) Tj ET Q q 0 0 0 rg BT 189.29 299.90 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 200.40 299.90 Td (of ) Tj ET Q q 0 0 0 rg BT 208.85 299.90 Td (this ) Tj ET Q q 0 0 0 rg BT 221.80 299.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 259.12 299.90 Td (and ) Tj ET Q q 0 0 0 rg BT 272.46 299.90 Td (receipt ) Tj ET Q q 0 0 0 rg BT 296.00 299.90 Td (of ) Tj ET Q q 0 0 0 rg BT 304.45 299.90 Td (Confirmation ) Tj ET Q q 0 0 0 rg BT 349.34 299.90 Td (and ) Tj ET Q q 0 0 0 rg BT 362.68 299.90 Td (notwithstanding ) Tj ET Q q 0 0 0 rg BT 416.02 299.90 Td (anything ) Tj ET Q q 0 0 0 rg BT 445.80 299.90 Td (to ) Tj ET Q q 0 0 0 rg BT 453.80 299.90 Td (the ) Tj ET Q q 0 0 0 rg BT 465.36 299.90 Td (contrary ) Tj ET Q q 0 0 0 rg BT 493.80 299.90 Td (herein, ) Tj ET Q q 0 0 0 rg BT 517.57 299.90 Td (25% ) Tj ET Q q 0 0 0 rg BT 534.02 299.90 Td (of ) Tj ET Q q 0 0 0 rg BT 542.34 299.90 Td (T) Tj ET Q q 0 0 0 rg BT 546.67 299.90 Td (ar) Tj ET Q q 0 0 0 rg BT 552.74 299.90 Td (get ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 288.85 Td (\(representing ) Tj ET Q q 0 0 0 rg BT 130.33 288.85 Td ([) Tj ET Q BT /F3 8.00 Tf ET /GS0 gs q 5.00 0 0 8.27 133.00 287.12 cm /I38 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 138.00 288.85 Td (] ) Tj ET Q q 0 0 0 rg BT 143.29 288.85 Td (PRSUs\) ) Tj ET Q q 0 0 0 rg BT 171.71 288.85 Td (will ) Tj ET Q q 0 0 0 rg BT 186.78 288.85 Td (vest ) Tj ET Q q 0 0 0 rg BT 202.30 288.85 Td (on ) Tj ET Q q 0 0 0 rg BT 212.93 288.85 Td (March ) Tj ET Q q 0 0 0 rg BT 236.43 288.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 245.06 288.85 Td (2022 ) Tj ET Q q 0 0 0 rg BT 263.69 288.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 278.76 288.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.31 288.85 Td (Third ) Tj ET Q q 0 0 0 rg BT 304.37 288.85 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 349.66 288.85 Td (Early ) Tj ET Q q 0 0 0 rg BT 371.21 288.85 Td (V) Tj ET Q q 0 0 0 rg BT 376.25 288.85 Td (esting ) Tj ET Q q 0 0 0 rg BT 398.88 288.85 Td (Date) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.87 288.85 Td (\) ) Tj ET Q q 0 0 0 rg BT 423.71 288.85 Td (if ) Tj ET Q q 0 0 0 rg BT 431.23 288.85 Td (and ) Tj ET Q q 0 0 0 rg BT 445.41 288.85 Td (only ) Tj ET Q q 0 0 0 rg BT 462.26 288.85 Td (to ) Tj ET Q q 0 0 0 rg BT 471.11 288.85 Td (the ) Tj ET Q q 0 0 0 rg BT 483.52 288.85 Td (extent ) Tj ET Q q 0 0 0 rg BT 505.69 288.85 Td (the ) Tj ET Q q 0 0 0 rg BT 518.09 288.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 551.83 288.85 Td (has ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 277.80 Td (achieved ) Tj ET Q q 0 0 0 rg BT 115.93 277.80 Td (both ) Tj ET Q q 0 0 0 rg BT 132.15 277.80 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 141.70 277.80 Td (the ) Tj ET Q q 0 0 0 rg BT 153.33 277.80 Td (Third ) Tj ET Q q 0 0 0 rg BT 172.66 277.80 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 214.06 277.80 Td (T) Tj ET Q q 0 0 0 rg BT 218.39 277.80 Td (ar) Tj ET Q q 0 0 0 rg BT 224.46 277.80 Td (get ) Tj ET Q q 0 0 0 rg BT 236.23 277.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 261.12 277.80 Td ( ) Tj ET Q q 0 0 0 rg BT 263.12 277.80 Td (and ) Tj ET Q q 0 0 0 rg BT 276.67 277.80 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 288.45 277.80 Td (the ) Tj ET Q q 0 0 0 rg BT 300.07 277.80 Td (Third ) Tj ET Q q 0 0 0 rg BT 319.41 277.80 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 360.80 277.80 Td (T) Tj ET Q q 0 0 0 rg BT 365.13 277.80 Td (ar) Tj ET Q q 0 0 0 rg BT 371.20 277.80 Td (get ) Tj ET Q q 0 0 0 rg BT 382.98 277.80 Td (FCF) Tj ET Q q 0 0 0 rg BT 396.57 277.80 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 255.70 Td (5. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 255.70 Td (In ) Tj ET Q q 0 0 0 rg BT 94.16 255.70 Td (the ) Tj ET Q q 0 0 0 rg BT 105.92 255.70 Td (event ) Tj ET Q q 0 0 0 rg BT 125.24 255.70 Td (25% ) Tj ET Q q 0 0 0 rg BT 141.89 255.70 Td (of ) Tj ET Q q 0 0 0 rg BT 150.40 255.70 Td (T) Tj ET Q q 0 0 0 rg BT 154.73 255.70 Td (ar) Tj ET Q q 0 0 0 rg BT 160.80 255.70 Td (get ) Tj ET Q q 0 0 0 rg BT 172.56 255.70 Td (\(representing ) Tj ET Q q 0 0 0 rg BT 216.76 255.70 Td ([) Tj ET Q BT /F3 8.00 Tf ET /GS0 gs q 5.00 0 0 8.27 219.42 253.97 cm /I39 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 224.42 255.70 Td (] ) Tj ET Q q 0 0 0 rg BT 229.08 255.70 Td (PRSUs\) ) Tj ET Q q 0 0 0 rg BT 256.86 255.70 Td (becomes ) Tj ET Q q 0 0 0 rg BT 286.84 255.70 Td (vested ) Tj ET Q q 0 0 0 rg BT 309.27 255.70 Td (on ) Tj ET Q q 0 0 0 rg BT 319.26 255.70 Td (the ) Tj ET Q q 0 0 0 rg BT 331.02 255.70 Td (Second ) Tj ET Q q 0 0 0 rg BT 356.13 255.70 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 397.66 255.70 Td (Early ) Tj ET Q q 0 0 0 rg BT 416.83 255.70 Td (V) Tj ET Q q 0 0 0 rg BT 421.72 255.70 Td (esting ) Tj ET Q q 0 0 0 rg BT 442.82 255.70 Td (Date ) Tj ET Q q 0 0 0 rg BT 459.92 255.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 489.46 255.70 Td (to ) Tj ET Q q 0 0 0 rg BT 497.67 255.70 Td (clause ) Tj ET Q q 0 0 0 rg BT 519.65 255.70 Td (3 ) Tj ET Q q 0 0 0 rg BT 525.64 255.70 Td (above, ) Tj ET Q q 0 0 0 rg BT 548.73 255.70 Td (then ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 96.59 244.70 Td (T) Tj ET Q q 0 0 0 rg BT 100.92 244.70 Td (otal ) Tj ET Q q 0 0 0 rg BT 114.02 244.70 Td (A) Tj ET Q q 0 0 0 rg BT 119.07 244.70 Td (ward ) Tj ET Q q 0 0 0 rg BT 136.48 244.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 153.01 244.70 Td (be ) Tj ET Q q 0 0 0 rg BT 161.99 244.70 Td (reduced ) Tj ET Q q 0 0 0 rg BT 188.72 244.70 Td (by ) Tj ET Q q 0 0 0 rg BT 198.15 244.70 Td (such ) Tj ET Q q 0 0 0 rg BT 214.23 244.70 Td (number ) Tj ET Q q 0 0 0 rg BT 240.09 244.70 Td (of ) Tj ET Q q 0 0 0 rg BT 248.18 244.70 Td (PRSUs, ) Tj ET Q q 0 0 0 rg BT 274.72 244.70 Td (provided, ) Tj ET Q q 0 0 0 rg BT 306.58 244.70 Td (that ) Tj ET Q q 0 0 0 rg BT 320.00 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 331.09 244.70 Td (T) Tj ET Q q 0 0 0 rg BT 335.42 244.70 Td (otal ) Tj ET Q q 0 0 0 rg BT 348.53 244.70 Td (A) Tj ET Q q 0 0 0 rg BT 353.57 244.70 Td (ward ) Tj ET Q q 0 0 0 rg BT 370.98 244.70 Td (is ) Tj ET Q q 0 0 0 rg BT 377.74 244.70 Td (not ) Tj ET Q q 0 0 0 rg BT 389.39 244.70 Td (less ) Tj ET Q q 0 0 0 rg BT 402.81 244.70 Td (than ) Tj ET Q q 0 0 0 rg BT 418.00 244.70 Td (zero. ) Tj ET Q q 0 0 0 rg BT 435.19 244.70 Td ( ) Tj ET Q q 0 0 0 rg BT 436.61 244.70 Td (In ) Tj ET Q q 0 0 0 rg BT 444.70 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 455.89 244.70 Td (event ) Tj ET Q q 0 0 0 rg BT 474.64 244.70 Td (25% ) Tj ET Q q 0 0 0 rg BT 490.73 244.70 Td (of ) Tj ET Q q 0 0 0 rg BT 498.71 244.70 Td (T) Tj ET Q q 0 0 0 rg BT 503.04 244.70 Td (ar) Tj ET Q q 0 0 0 rg BT 509.11 244.70 Td (get ) Tj ET Q q 0 0 0 rg BT 520.30 244.70 Td (\(representing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 233.65 Td ([) Tj ET Q BT /F3 8.00 Tf ET /GS0 gs q 5.00 0 0 8.27 88.16 231.92 cm /I40 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 93.16 233.65 Td (] ) Tj ET Q q 0 0 0 rg BT 97.83 233.65 Td (PRSUs\) ) Tj ET Q q 0 0 0 rg BT 125.62 233.65 Td (is ) Tj ET Q q 0 0 0 rg BT 132.96 233.65 Td (vested ) Tj ET Q q 0 0 0 rg BT 155.40 233.65 Td (on ) Tj ET Q q 0 0 0 rg BT 165.41 233.65 Td (the ) Tj ET Q q 0 0 0 rg BT 177.04 233.65 Td (Third ) Tj ET Q q 0 0 0 rg BT 196.37 233.65 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 237.92 233.65 Td (Early ) Tj ET Q q 0 0 0 rg BT 257.10 233.65 Td (V) Tj ET Q q 0 0 0 rg BT 261.99 233.65 Td (esting ) Tj ET Q q 0 0 0 rg BT 283.10 233.65 Td (Date ) Tj ET Q q 0 0 0 rg BT 300.21 233.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 329.76 233.65 Td (to ) Tj ET Q q 0 0 0 rg BT 337.99 233.65 Td (clause ) Tj ET Q q 0 0 0 rg BT 359.98 233.65 Td (4 ) Tj ET Q q 0 0 0 rg BT 365.98 233.65 Td (above, ) Tj ET Q q 0 0 0 rg BT 389.09 233.65 Td (then ) Tj ET Q q 0 0 0 rg BT 404.86 233.65 Td (the ) Tj ET Q q 0 0 0 rg BT 416.49 233.65 Td (T) Tj ET Q q 0 0 0 rg BT 420.82 233.65 Td (otal ) Tj ET Q q 0 0 0 rg BT 434.38 233.65 Td (A) Tj ET Q q 0 0 0 rg BT 439.42 233.65 Td (ward ) Tj ET Q q 0 0 0 rg BT 457.42 233.65 Td (shall ) Tj ET Q q 0 0 0 rg BT 474.53 233.65 Td (be ) Tj ET Q q 0 0 0 rg BT 484.08 233.65 Td (reduced ) Tj ET Q q 0 0 0 rg BT 511.40 233.65 Td (by ) Tj ET Q q 0 0 0 rg BT 521.41 233.65 Td (such ) Tj ET Q q 0 0 0 rg BT 538.07 233.65 Td (number ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 94.54 222.60 Td (PRSUs, ) Tj ET Q q 0 0 0 rg BT 122.04 222.60 Td (provided, ) Tj ET Q q 0 0 0 rg BT 154.86 222.60 Td (that ) Tj ET Q q 0 0 0 rg BT 169.23 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.21 222.60 Td (T) Tj ET Q q 0 0 0 rg BT 185.54 222.60 Td (otal ) Tj ET Q q 0 0 0 rg BT 199.39 222.60 Td (A) Tj ET Q q 0 0 0 rg BT 204.43 222.60 Td (ward ) Tj ET Q q 0 0 0 rg BT 222.80 222.60 Td (is ) Tj ET Q q 0 0 0 rg BT 230.52 222.60 Td (not ) Tj ET Q q 0 0 0 rg BT 243.12 222.60 Td (less ) Tj ET Q q 0 0 0 rg BT 257.50 222.60 Td (than ) Tj ET Q q 0 0 0 rg BT 273.65 222.60 Td (zero. ) Tj ET Q q 0 0 0 rg BT 291.79 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 294.17 222.60 Td (For ) Tj ET Q q 0 0 0 rg BT 307.66 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.81 222.60 Td (avoidance ) Tj ET Q q 0 0 0 rg BT 354.62 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 363.66 222.60 Td (doubt, ) Tj ET Q q 0 0 0 rg BT 386.26 222.60 Td (any ) Tj ET Q q 0 0 0 rg BT 400.19 222.60 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 425.69 222.60 Td (that ) Tj ET Q q 0 0 0 rg BT 440.06 222.60 Td (vest ) Tj ET Q q 0 0 0 rg BT 455.33 222.60 Td (on ) Tj ET Q q 0 0 0 rg BT 465.71 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 477.86 222.60 Td (Second ) Tj ET Q q 0 0 0 rg BT 503.26 222.60 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 545.18 222.60 Td (Early ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 211.55 Td (V) Tj ET Q q 0 0 0 rg BT 90.39 211.55 Td (esting ) Tj ET Q q 0 0 0 rg BT 111.50 211.55 Td (Date ) Tj ET Q q 0 0 0 rg BT 128.60 211.55 Td (or ) Tj ET Q q 0 0 0 rg BT 137.27 211.55 Td (the ) Tj ET Q q 0 0 0 rg BT 148.89 211.55 Td (Third ) Tj ET Q q 0 0 0 rg BT 168.23 211.55 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 209.77 211.55 Td (Early ) Tj ET Q q 0 0 0 rg BT 228.95 211.55 Td (V) Tj ET Q q 0 0 0 rg BT 233.84 211.55 Td (esting ) Tj ET Q q 0 0 0 rg BT 254.95 211.55 Td (Date ) Tj ET Q q 0 0 0 rg BT 272.05 211.55 Td (will ) Tj ET Q q 0 0 0 rg BT 286.50 211.55 Td (not ) Tj ET Q q 0 0 0 rg BT 298.72 211.55 Td (be ) Tj ET Q q 0 0 0 rg BT 308.27 211.55 Td (af) Tj ET Q q 0 0 0 rg BT 314.34 211.55 Td (fected ) Tj ET Q q 0 0 0 rg BT 335.88 211.55 Td (or ) Tj ET Q q 0 0 0 rg BT 344.54 211.55 Td (subject ) Tj ET Q q 0 0 0 rg BT 369.20 211.55 Td (to ) Tj ET Q q 0 0 0 rg BT 377.43 211.55 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 414.53 211.55 Td (based ) Tj ET Q q 0 0 0 rg BT 434.75 211.55 Td (on ) Tj ET Q q 0 0 0 rg BT 444.75 211.55 Td (the ) Tj ET Q q 0 0 0 rg BT 456.52 211.55 Td (size ) Tj ET Q q 0 0 0 rg BT 470.96 211.55 Td (of ) Tj ET Q q 0 0 0 rg BT 479.62 211.55 Td (the ) Tj ET Q q 0 0 0 rg BT 491.25 211.55 Td (T) Tj ET Q q 0 0 0 rg BT 495.58 211.55 Td (otal ) Tj ET Q q 0 0 0 rg BT 509.13 211.55 Td (A) Tj ET Q q 0 0 0 rg BT 514.18 211.55 Td (ward. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 189.50 Td (6. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 189.50 Td (Any ) Tj ET Q q 0 0 0 rg BT 101.53 189.50 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 126.91 189.50 Td (that ) Tj ET Q q 0 0 0 rg BT 141.17 189.50 Td (do ) Tj ET Q q 0 0 0 rg BT 151.42 189.50 Td (not ) Tj ET Q q 0 0 0 rg BT 163.90 189.50 Td (vest ) Tj ET Q q 0 0 0 rg BT 179.04 189.50 Td (as ) Tj ET Q q 0 0 0 rg BT 187.96 189.50 Td (of ) Tj ET Q q 0 0 0 rg BT 196.88 189.50 Td (the ) Tj ET Q q 0 0 0 rg BT 208.91 189.50 Td (Final ) Tj ET Q q 0 0 0 rg BT 227.45 189.50 Td (V) Tj ET Q q 0 0 0 rg BT 232.34 189.50 Td (esting ) Tj ET Q q 0 0 0 rg BT 253.71 189.50 Td (Date ) Tj ET Q q 0 0 0 rg BT 271.06 189.50 Td (and ) Tj ET Q q 0 0 0 rg BT 284.87 189.50 Td (which ) Tj ET Q q 0 0 0 rg BT 306.68 189.50 Td (have ) Tj ET Q q 0 0 0 rg BT 324.03 189.50 Td (not ) Tj ET Q q 0 0 0 rg BT 336.51 189.50 Td (previously ) Tj ET Q q 0 0 0 rg BT 372.54 189.50 Td (been ) Tj ET Q q 0 0 0 rg BT 389.90 189.50 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 419.69 189.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 449.50 189.50 Td (to ) Tj ET Q q 0 0 0 rg BT 457.98 189.50 Td (the ) Tj ET Q q 0 0 0 rg BT 470.01 189.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 490.04 189.50 Td (of ) Tj ET Q q 0 0 0 rg BT 498.96 189.50 Td (this ) Tj ET Q q 0 0 0 rg BT 512.27 189.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 550.07 189.50 Td (will ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 178.45 Td (automatically ) Tj ET Q q 0 0 0 rg BT 131.02 178.45 Td (terminate ) Tj ET Q q 0 0 0 rg BT 163.20 178.45 Td (as ) Tj ET Q q 0 0 0 rg BT 171.84 178.45 Td (of ) Tj ET Q q 0 0 0 rg BT 180.48 178.45 Td (the ) Tj ET Q q 0 0 0 rg BT 192.24 178.45 Td (Final ) Tj ET Q q 0 0 0 rg BT 210.52 178.45 Td (V) Tj ET Q q 0 0 0 rg BT 215.41 178.45 Td (esting ) Tj ET Q q 0 0 0 rg BT 236.49 178.45 Td (Date ) Tj ET Q q 0 0 0 rg BT 253.57 178.45 Td (and ) Tj ET Q q 0 0 0 rg BT 267.10 178.45 Td (shall ) Tj ET Q q 0 0 0 rg BT 284.19 178.45 Td (immediately ) Tj ET Q q 0 0 0 rg BT 326.15 178.45 Td (be ) Tj ET Q q 0 0 0 rg BT 335.68 178.45 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 365.20 178.45 Td (to ) Tj ET Q q 0 0 0 rg BT 373.40 178.45 Td (the ) Tj ET Q q 0 0 0 rg BT 385.15 178.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 418.24 178.45 Td (without ) Tj ET Q q 0 0 0 rg BT 444.66 178.45 Td (payment ) Tj ET Q q 0 0 0 rg BT 474.18 178.45 Td (of ) Tj ET Q q 0 0 0 rg BT 482.82 178.45 Td (any ) Tj ET Q q 0 0 0 rg BT 496.35 178.45 Td (consideration ) Tj ET Q q 0 0 0 rg BT 541.43 178.45 Td (for ) Tj ET Q q 0 0 0 rg BT 552.73 178.45 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 167.40 Td (PRSUs, ) Tj ET Q q 0 0 0 rg BT 112.63 167.40 Td (and ) Tj ET Q q 0 0 0 rg BT 126.18 167.40 Td (the ) Tj ET Q q 0 0 0 rg BT 137.95 167.40 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 165.27 167.40 Td (will ) Tj ET Q q 0 0 0 rg BT 179.71 167.40 Td (have ) Tj ET Q q 0 0 0 rg BT 196.81 167.40 Td (no ) Tj ET Q q 0 0 0 rg BT 206.81 167.40 Td (further ) Tj ET Q q 0 0 0 rg BT 230.58 167.40 Td (right, ) Tj ET Q q 0 0 0 rg BT 249.69 167.40 Td (title ) Tj ET Q q 0 0 0 rg BT 264.13 167.40 Td (or ) Tj ET Q q 0 0 0 rg BT 272.79 167.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 298.34 167.40 Td (in ) Tj ET Q q 0 0 0 rg BT 306.56 167.40 Td (or ) Tj ET Q q 0 0 0 rg BT 315.23 167.40 Td (to ) Tj ET Q q 0 0 0 rg BT 323.45 167.40 Td (such ) Tj ET Q q 0 0 0 rg BT 340.11 167.40 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 365.24 167.40 Td (or ) Tj ET Q q 0 0 0 rg BT 373.90 167.40 Td (the ) Tj ET Q q 0 0 0 rg BT 385.68 167.40 Td (underlying ) Tj ET Q q 0 0 0 rg BT 422.34 167.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 444.33 167.40 Td (of ) Tj ET Q q 0 0 0 rg BT 452.99 167.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 471.89 167.40 Td (A) Tj ET Q q 0 0 0 rg BT 477.22 167.40 Td ( ) Tj ET Q q 0 0 0 rg BT 479.22 167.40 Td (Common ) Tj ET Q q 0 0 0 rg BT 511.00 167.40 Td (Stock.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 145.30 Td (7. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 145.30 Td (In ) Tj ET Q q 0 0 0 rg BT 93.70 145.30 Td (the ) Tj ET Q q 0 0 0 rg BT 105.02 145.30 Td (event ) Tj ET Q q 0 0 0 rg BT 123.88 145.30 Td (of ) Tj ET Q q 0 0 0 rg BT 132.08 145.30 Td (a ) Tj ET Q q 0 0 0 rg BT 137.17 145.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 168.92 145.30 Td (or ) Tj ET Q q 0 0 0 rg BT 177.13 145.30 Td (corporate ) Tj ET Q q 0 0 0 rg BT 208.87 145.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 245.50 145.30 Td (that ) Tj ET Q q 0 0 0 rg BT 259.04 145.30 Td (has ) Tj ET Q q 0 0 0 rg BT 271.24 145.30 Td (a ) Tj ET Q q 0 0 0 rg BT 276.33 145.30 Td (material ) Tj ET Q q 0 0 0 rg BT 304.08 145.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 327.39 145.30 Td (on ) Tj ET Q q 0 0 0 rg BT 336.93 145.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 361.82 145.30 Td ( ) Tj ET Q q 0 0 0 rg BT 363.36 145.30 Td (or ) Tj ET Q q 0 0 0 rg BT 371.56 145.30 Td (FCF ) Tj ET Q q 0 0 0 rg BT 387.33 145.30 Td (that ) Tj ET Q q 0 0 0 rg BT 400.87 145.30 Td (is ) Tj ET Q q 0 0 0 rg BT 407.74 145.30 Td (not ) Tj ET Q q 0 0 0 rg BT 419.50 145.30 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 464.14 145.30 Td (in ) Tj ET Q q 0 0 0 rg BT 471.90 145.30 Td (the ) Tj ET Q q 0 0 0 rg BT 483.21 145.30 Td (Company) Tj ET Q q 0 0 0 rg BT 516.54 145.30 Td (s ) Tj ET Q q 0 0 0 rg BT 521.20 145.30 Td (2019 ) Tj ET Q q 0 0 0 rg BT 538.73 145.30 Td (budget, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 97.34 134.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 145.62 134.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 183.23 134.30 Td (may ) Tj ET Q q 0 0 0 rg BT 199.07 134.30 Td (determine ) Tj ET Q q 0 0 0 rg BT 233.12 134.30 Td (in ) Tj ET Q q 0 0 0 rg BT 241.40 134.30 Td (its ) Tj ET Q q 0 0 0 rg BT 251.03 134.30 Td (sole ) Tj ET Q q 0 0 0 rg BT 265.98 134.30 Td (discretion ) Tj ET Q q 0 0 0 rg BT 299.59 134.30 Td (in ) Tj ET Q q 0 0 0 rg BT 307.87 134.30 Td (good ) Tj ET Q q 0 0 0 rg BT 325.94 134.30 Td (faith ) Tj ET Q q 0 0 0 rg BT 342.66 134.30 Td (a ) Tj ET Q q 0 0 0 rg BT 348.27 134.30 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 384.54 134.30 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 421.71 134.30 Td (to ) Tj ET Q q 0 0 0 rg BT 430.00 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 441.83 134.30 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 479.44 134.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 504.33 134.30 Td ( ) Tj ET Q q 0 0 0 rg BT 506.39 134.30 Td (or ) Tj ET Q q 0 0 0 rg BT 515.12 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 526.96 134.30 Td (cumulative ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 123.25 Td (FCF ) Tj ET Q q 0 0 0 rg BT 101.73 123.25 Td (for ) Tj ET Q q 0 0 0 rg BT 113.06 123.25 Td (any ) Tj ET Q q 0 0 0 rg BT 126.61 123.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 161.48 123.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 204.35 123.25 Td (Period.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 90.10 Td (* * * * *) Tj ET Q endstream endobj 189 0 obj <> endobj 190 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (7) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 532.9 740.348046875 m 562.4625 740.348046875 l s q 0 0 0 rg BT 532.90 741.60 Td (Annex B) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 261.75 729.298046875 m 350.21875 729.298046875 l s q 0 0 0 rg BT 261.75 730.55 Td (Additional ) Tj ET Q q 0 0 0 rg BT 300.06 730.55 Td (V) Tj ET Q q 0 0 0 rg BT 305.11 730.55 Td (esting Events) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 708.50 Td (1. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 708.50 Td (For ) Tj ET Q q 0 0 0 rg BT 98.61 708.50 Td (purposes ) Tj ET Q q 0 0 0 rg BT 129.05 708.50 Td (of ) Tj ET Q q 0 0 0 rg BT 137.72 708.50 Td (this ) Tj ET Q q 0 0 0 rg BT 150.84 708.50 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 190.38 708.50 Td (the ) Tj ET Q q 0 0 0 rg BT 202.15 708.50 Td (following ) Tj ET Q q 0 0 0 rg BT 235.26 708.50 Td (definitions ) Tj ET Q q 0 0 0 rg BT 271.48 708.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 288.59 708.50 Td (apply:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 686.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 686.40 Td (Change ) Tj ET Q q 0 0 0 rg BT 117.28 686.40 Td (of ) Tj ET Q q 0 0 0 rg BT 125.94 686.40 Td (Contr) Tj ET Q q 0 0 0 rg BT 146.24 686.40 Td (ol) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.46 686.40 Td ( ) Tj ET Q q 0 0 0 rg BT 158.01 686.40 Td (is ) Tj ET Q q 0 0 0 rg BT 165.35 686.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 191.34 686.40 Td (in ) Tj ET Q q 0 0 0 rg BT 199.56 686.40 Td (the ) Tj ET Q q 0 0 0 rg BT 211.33 686.40 Td (Plan. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 664.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 664.35 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 121.34 664.35 Td (Event) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.34 664.35 Td ( ) Tj ET Q q 0 0 0 rg BT 146.97 664.35 Td (means ) Tj ET Q q 0 0 0 rg BT 169.48 664.35 Td (an ) Tj ET Q q 0 0 0 rg BT 179.10 664.35 Td (event ) Tj ET Q q 0 0 0 rg BT 198.49 664.35 Td (or ) Tj ET Q q 0 0 0 rg BT 207.23 664.35 Td (circumstance ) Tj ET Q q 0 0 0 rg BT 251.50 664.35 Td (as ) Tj ET Q q 0 0 0 rg BT 260.23 664.35 Td (a ) Tj ET Q q 0 0 0 rg BT 265.86 664.35 Td (result ) Tj ET Q q 0 0 0 rg BT 285.70 664.35 Td (of ) Tj ET Q q 0 0 0 rg BT 294.44 664.35 Td (which ) Tj ET Q q 0 0 0 rg BT 316.06 664.35 Td (the ) Tj ET Q q 0 0 0 rg BT 327.90 664.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 361.08 664.35 Td (is ) Tj ET Q q 0 0 0 rg BT 368.49 664.35 Td (no ) Tj ET Q q 0 0 0 rg BT 378.56 664.35 Td (longer ) Tj ET Q q 0 0 0 rg BT 401.07 664.35 Td (publicly ) Tj ET Q q 0 0 0 rg BT 429.36 664.35 Td (traded ) Tj ET Q q 0 0 0 rg BT 451.42 664.35 Td (with ) Tj ET Q q 0 0 0 rg BT 467.71 664.35 Td (its ) Tj ET Q q 0 0 0 rg BT 477.34 664.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 499.41 664.35 Td (of ) Tj ET Q q 0 0 0 rg BT 508.14 664.35 Td (Class ) Tj ET Q q 0 0 0 rg BT 527.09 664.35 Td (A) Tj ET Q q 0 0 0 rg BT 532.43 664.35 Td ( ) Tj ET Q q 0 0 0 rg BT 534.50 664.35 Td (common ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 653.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 104.39 653.30 Td (listed ) Tj ET Q q 0 0 0 rg BT 123.72 653.30 Td (on ) Tj ET Q q 0 0 0 rg BT 133.72 653.30 Td (the ) Tj ET Q q 0 0 0 rg BT 145.49 653.30 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 180.83 653.30 Td (Global ) Tj ET Q q 0 0 0 rg BT 204.60 653.30 Td (Market. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 631.20 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 631.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 631.20 Td (L) Tj ET Q q 0 0 0 rg BT 93.65 631.20 Td (TIP) Tj ET Q q 0 0 0 rg BT 106.55 631.20 Td ( ) Tj ET Q q 0 0 0 rg BT 108.89 631.20 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 149.46 631.20 Td (Event) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.46 631.20 Td ( ) Tj ET Q q 0 0 0 rg BT 175.35 631.20 Td (means ) Tj ET Q q 0 0 0 rg BT 198.13 631.20 Td (a ) Tj ET Q q 0 0 0 rg BT 204.02 631.20 Td (transaction ) Tj ET Q q 0 0 0 rg BT 241.46 631.20 Td (or ) Tj ET Q q 0 0 0 rg BT 250.46 631.20 Td (series ) Tj ET Q q 0 0 0 rg BT 271.02 631.20 Td (of ) Tj ET Q q 0 0 0 rg BT 280.02 631.20 Td (related ) Tj ET Q q 0 0 0 rg BT 304.12 631.20 Td (transactions ) Tj ET Q q 0 0 0 rg BT 344.67 631.20 Td (following ) Tj ET Q q 0 0 0 rg BT 378.12 631.20 Td (which ) Tj ET Q q 0 0 0 rg BT 400.01 631.20 Td (the ) Tj ET Q q 0 0 0 rg BT 412.13 631.20 Td (Company) Tj ET Q q 0 0 0 rg BT 442.71 631.20 Td (, ) Tj ET Q q 0 0 0 rg BT 447.05 631.20 Td (in ) Tj ET Q q 0 0 0 rg BT 455.62 631.20 Td (the ) Tj ET Q q 0 0 0 rg BT 467.73 631.20 Td (judgement ) Tj ET Q q 0 0 0 rg BT 503.84 631.20 Td (of ) Tj ET Q q 0 0 0 rg BT 512.84 631.20 Td (the ) Tj ET Q q 0 0 0 rg BT 524.96 631.20 Td (Committee, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 620.15 Td (ceases ) Tj ET Q q 0 0 0 rg BT 107.93 620.15 Td (to ) Tj ET Q q 0 0 0 rg BT 116.15 620.15 Td (own ) Tj ET Q q 0 0 0 rg BT 131.93 620.15 Td (a ) Tj ET Q q 0 0 0 rg BT 137.48 620.15 Td (material ) Tj ET Q q 0 0 0 rg BT 165.69 620.15 Td (portion ) Tj ET Q q 0 0 0 rg BT 190.80 620.15 Td (of ) Tj ET Q q 0 0 0 rg BT 199.46 620.15 Td (its ) Tj ET Q q 0 0 0 rg BT 209.02 620.15 Td (assets.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 598.10 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 598.10 Td (Employment ) Tj ET Q q 0 0 0 rg BT 135.26 598.10 Td (Contract) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 165.91 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.67 598.10 Td (means ) Tj ET Q q 0 0 0 rg BT 194.32 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.30 598.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 248.50 598.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 276.46 598.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 296.00 598.10 Td ([) Tj ET Q /GS0 gs q 5.00 0 0 8.27 298.66 596.37 cm /I41 Do Q q 0 0 0 rg BT 303.66 598.10 Td (] ) Tj ET Q q 0 0 0 rg BT 308.53 598.10 Td (between ) Tj ET Q q 0 0 0 rg BT 337.39 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.37 598.10 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 376.89 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.65 598.10 Td (CME ) Tj ET Q q 0 0 0 rg BT 410.20 598.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 432.84 598.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 462.15 598.10 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 491.68 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 500.55 598.10 Td (amended, ) Tj ET Q q 0 0 0 rg BT 533.64 598.10 Td (amended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 587.05 Td (and ) Tj ET Q q 0 0 0 rg BT 99.05 587.05 Td (restated, ) Tj ET Q q 0 0 0 rg BT 127.93 587.05 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 161.03 587.05 Td (modified ) Tj ET Q q 0 0 0 rg BT 191.91 587.05 Td (or ) Tj ET Q q 0 0 0 rg BT 200.57 587.05 Td (superseded ) Tj ET Q q 0 0 0 rg BT 238.12 587.05 Td (from ) Tj ET Q q 0 0 0 rg BT 255.67 587.05 Td (time ) Tj ET Q q 0 0 0 rg BT 271.89 587.05 Td (to ) Tj ET Q q 0 0 0 rg BT 280.11 587.05 Td (time. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 564.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 564.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 564.95 Td (Good ) Tj ET Q q 0 0 0 rg BT 110.65 564.95 Td (Reason) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.54 564.95 Td ( ) Tj ET Q q 0 0 0 rg BT 142.03 564.95 Td (means ) Tj ET Q q 0 0 0 rg BT 165.40 564.95 Td (a ) Tj ET Q q 0 0 0 rg BT 171.88 564.95 Td (material ) Tj ET Q q 0 0 0 rg BT 201.02 564.95 Td (breach ) Tj ET Q q 0 0 0 rg BT 225.27 564.95 Td (of ) Tj ET Q q 0 0 0 rg BT 234.86 564.95 Td (the ) Tj ET Q q 0 0 0 rg BT 247.57 564.95 Td (Employment ) Tj ET Q q 0 0 0 rg BT 291.83 564.95 Td (Contract ) Tj ET Q q 0 0 0 rg BT 322.30 564.95 Td (by ) Tj ET Q q 0 0 0 rg BT 333.24 564.95 Td (CME ) Tj ET Q q 0 0 0 rg BT 353.50 564.95 Td (Media ) Tj ET Q q 0 0 0 rg BT 376.87 564.95 Td (Services ) Tj ET Q q 0 0 0 rg BT 406.91 564.95 Td (Limited ) Tj ET Q q 0 0 0 rg BT 435.17 564.95 Td (which ) Tj ET Q q 0 0 0 rg BT 457.65 564.95 Td (results ) Tj ET Q q 0 0 0 rg BT 481.47 564.95 Td (in ) Tj ET Q q 0 0 0 rg BT 490.62 564.95 Td (the ) Tj ET Q q 0 0 0 rg BT 503.33 564.95 Td (termination ) Tj ET Q q 0 0 0 rg BT 543.14 564.95 Td (of ) Tj ET Q q 0 0 0 rg BT 552.73 564.95 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 553.95 Td (Employment ) Tj ET Q q 0 0 0 rg BT 128.83 553.95 Td (Contract ) Tj ET Q q 0 0 0 rg BT 158.38 553.95 Td (by ) Tj ET Q q 0 0 0 rg BT 168.38 553.95 Td (the ) Tj ET Q q 0 0 0 rg BT 180.15 553.95 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 207.46 553.95 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 237.02 553.95 Td (to ) Tj ET Q q 0 0 0 rg BT 245.24 553.95 Td (clause ) Tj ET Q q 0 0 0 rg BT 267.23 553.95 Td ([) Tj ET Q /GS0 gs q 5.00 0 0 8.27 269.89 552.22 cm /I42 Do Q q 0 0 0 rg BT 274.89 553.95 Td (] ) Tj ET Q q 0 0 0 rg BT 279.55 553.95 Td (thereof.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 531.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 531.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 531.85 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 127.53 531.85 Td (T) Tj ET Q q 0 0 0 rg BT 132.13 531.85 Td (ermination ) Tj ET Q q 0 0 0 rg BT 172.08 531.85 Td (Event) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.08 531.85 Td ( ) Tj ET Q q 0 0 0 rg BT 197.81 531.85 Td (means ) Tj ET Q q 0 0 0 rg BT 220.42 531.85 Td (a ) Tj ET Q q 0 0 0 rg BT 226.15 531.85 Td (termination ) Tj ET Q q 0 0 0 rg BT 265.21 531.85 Td (of ) Tj ET Q q 0 0 0 rg BT 274.05 531.85 Td (the ) Tj ET Q q 0 0 0 rg BT 286.01 531.85 Td (Grantee) Tj ET Q q 0 0 0 rg BT 313.55 531.85 Td (s ) Tj ET Q q 0 0 0 rg BT 318.84 531.85 Td (employment ) Tj ET Q q 0 0 0 rg BT 361.01 531.85 Td (with ) Tj ET Q q 0 0 0 rg BT 377.41 531.85 Td (the ) Tj ET Q q 0 0 0 rg BT 389.36 531.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 422.65 531.85 Td (or ) Tj ET Q q 0 0 0 rg BT 431.49 531.85 Td (any ) Tj ET Q q 0 0 0 rg BT 444.74 531.85 Td (Af) Tj ET Q q 0 0 0 rg BT 453.04 531.85 Td (filiate ) Tj ET Q q 0 0 0 rg BT 473.87 531.85 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 483.60 531.85 Td (by ) Tj ET Q q 0 0 0 rg BT 493.78 531.85 Td (the ) Tj ET Q q 0 0 0 rg BT 505.73 531.85 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 533.23 531.85 Td (for ) Tj ET Q q 0 0 0 rg BT 544.74 531.85 Td (Good ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 520.80 Td (Reason, ) Tj ET Q q 0 0 0 rg BT 112.61 520.80 Td (or ) Tj ET Q q 0 0 0 rg BT 120.83 520.80 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 132.17 520.80 Td (by ) Tj ET Q q 0 0 0 rg BT 141.73 520.80 Td (the ) Tj ET Q q 0 0 0 rg BT 153.06 520.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 185.73 520.80 Td (or ) Tj ET Q q 0 0 0 rg BT 193.95 520.80 Td (such ) Tj ET Q q 0 0 0 rg BT 209.83 520.80 Td (Af) Tj ET Q q 0 0 0 rg BT 218.13 520.80 Td (filiate ) Tj ET Q q 0 0 0 rg BT 238.34 520.80 Td (which ) Tj ET Q q 0 0 0 rg BT 259.45 520.80 Td (is ) Tj ET Q q 0 0 0 rg BT 266.35 520.80 Td (not ) Tj ET Q q 0 0 0 rg BT 278.13 520.80 Td (a ) Tj ET Q q 0 0 0 rg BT 283.13 520.80 Td (T) Tj ET Q q 0 0 0 rg BT 287.46 520.80 Td (ermination ) Tj ET Q q 0 0 0 rg BT 323.67 520.80 Td (for ) Tj ET Q q 0 0 0 rg BT 334.56 520.80 Td (Cause, ) Tj ET Q q 0 0 0 rg BT 357.67 520.80 Td (provided, ) Tj ET Q q 0 0 0 rg BT 389.67 520.80 Td (that ) Tj ET Q q 0 0 0 rg BT 403.22 520.80 Td (such ) Tj ET Q q 0 0 0 rg BT 419.45 520.80 Td (termination ) Tj ET Q q 0 0 0 rg BT 457.89 520.80 Td (by ) Tj ET Q q 0 0 0 rg BT 467.45 520.80 Td (the ) Tj ET Q q 0 0 0 rg BT 478.78 520.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 511.45 520.80 Td (or ) Tj ET Q q 0 0 0 rg BT 519.67 520.80 Td (such ) Tj ET Q q 0 0 0 rg BT 535.55 520.80 Td (Af) Tj ET Q q 0 0 0 rg BT 543.85 520.80 Td (filiate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 509.75 Td (occurs ) Tj ET Q q 0 0 0 rg BT 108.38 509.75 Td (within ) Tj ET Q q 0 0 0 rg BT 130.82 509.75 Td (twelve ) Tj ET Q q 0 0 0 rg BT 154.15 509.75 Td (months ) Tj ET Q q 0 0 0 rg BT 179.71 509.75 Td (of ) Tj ET Q q 0 0 0 rg BT 188.37 509.75 Td (a ) Tj ET Q q 0 0 0 rg BT 193.78 509.75 Td (T) Tj ET Q q 0 0 0 rg BT 198.38 509.75 Td (ime ) Tj ET Q q 0 0 0 rg BT 212.23 509.75 Td (W) Tj ET Q q 0 0 0 rg BT 219.14 509.75 Td (arner ) Tj ET Q q 0 0 0 rg BT 237.43 509.75 Td (T) Tj ET Q q 0 0 0 rg BT 242.04 509.75 Td (ransaction.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 487.70 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 487.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 487.70 Td (T) Tj ET Q q 0 0 0 rg BT 93.65 487.70 Td (ermination ) Tj ET Q q 0 0 0 rg BT 133.43 487.70 Td (for) Tj ET Q q 0 0 0 rg BT 143.50 487.70 Td ( ) Tj ET Q q 0 0 0 rg BT 145.50 487.70 Td (Cause) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 166.39 487.70 Td ( ) Tj ET Q q 0 0 0 rg BT 171.94 487.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 189.05 487.70 Td (have ) Tj ET Q q 0 0 0 rg BT 206.15 487.70 Td (the ) Tj ET Q q 0 0 0 rg BT 217.92 487.70 Td (meaning ) Tj ET Q q 0 0 0 rg BT 247.47 487.70 Td (assigned ) Tj ET Q q 0 0 0 rg BT 277.02 487.70 Td (to ) Tj ET Q q 0 0 0 rg BT 285.24 487.70 Td (it ) Tj ET Q q 0 0 0 rg BT 291.69 487.70 Td (in ) Tj ET Q q 0 0 0 rg BT 299.91 487.70 Td (clause ) Tj ET Q q 0 0 0 rg BT 321.90 487.70 Td ([) Tj ET Q /GS0 gs q 5.00 0 0 8.27 324.56 485.97 cm /I43 Do Q q 0 0 0 rg BT 329.56 487.70 Td (] ) Tj ET Q q 0 0 0 rg BT 334.23 487.70 Td (of ) Tj ET Q q 0 0 0 rg BT 342.89 487.70 Td (the ) Tj ET Q q 0 0 0 rg BT 354.66 487.70 Td (Employment ) Tj ET Q q 0 0 0 rg BT 397.99 487.70 Td (Contract.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 465.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 465.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 465.60 Td (T) Tj ET Q q 0 0 0 rg BT 94.24 465.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 108.83 465.60 Td (W) Tj ET Q q 0 0 0 rg BT 116.38 465.60 Td (arner) Tj ET Q q 0 0 0 rg BT 135.34 465.60 Td ( ) Tj ET Q q 0 0 0 rg BT 137.49 465.60 Td (T) Tj ET Q q 0 0 0 rg BT 142.23 465.60 Td (ransaction) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.23 465.60 Td ( ) Tj ET Q q 0 0 0 rg BT 184.09 465.60 Td (is ) Tj ET Q q 0 0 0 rg BT 191.74 465.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 218.04 465.60 Td (in ) Tj ET Q q 0 0 0 rg BT 226.58 465.60 Td (the ) Tj ET Q q 0 0 0 rg BT 238.66 465.60 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 257.20 465.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 287.95 465.60 Td (that ) Tj ET Q q 0 0 0 rg BT 302.26 465.60 Td (each ) Tj ET Q q 0 0 0 rg BT 319.22 465.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 351.28 465.60 Td (therein ) Tj ET Q q 0 0 0 rg BT 375.80 465.60 Td (to ) Tj ET Q q 0 0 0 rg BT 384.17 465.60 Td (T) Tj ET Q q 0 0 0 rg BT 388.78 465.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 402.92 465.60 Td (W) Tj ET Q q 0 0 0 rg BT 409.83 465.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 428.57 465.60 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 443.10 465.60 Td (is ) Tj ET Q q 0 0 0 rg BT 450.75 465.60 Td (deemed ) Tj ET Q q 0 0 0 rg BT 477.93 465.60 Td (to ) Tj ET Q q 0 0 0 rg BT 486.47 465.60 Td (be ) Tj ET Q q 0 0 0 rg BT 496.33 465.60 Td (replaced ) Tj ET Q q 0 0 0 rg BT 525.73 465.60 Td (with ) Tj ET Q q 0 0 0 rg BT 541.76 465.60 Td (A) Tj ET Q q 0 0 0 rg BT 546.65 465.60 Td (T&T) Tj ET Q q 0 0 0 rg BT 562.50 465.60 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 454.55 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 101.71 454.55 Td (as ) Tj ET Q q 0 0 0 rg BT 110.38 454.55 Td (the ) Tj ET Q q 0 0 0 rg BT 122.15 454.55 Td (successor ) Tj ET Q q 0 0 0 rg BT 154.81 454.55 Td (to ) Tj ET Q q 0 0 0 rg BT 163.03 454.55 Td (the ) Tj ET Q q 0 0 0 rg BT 174.80 454.55 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 208.34 454.55 Td (ownership ) Tj ET Q q 0 0 0 rg BT 243.67 454.55 Td (interest ) Tj ET Q q 0 0 0 rg BT 269.21 454.55 Td (of ) Tj ET Q q 0 0 0 rg BT 277.73 454.55 Td (T) Tj ET Q q 0 0 0 rg BT 282.34 454.55 Td (ime ) Tj ET Q q 0 0 0 rg BT 296.19 454.55 Td (W) Tj ET Q q 0 0 0 rg BT 303.10 454.55 Td (arner ) Tj ET Q q 0 0 0 rg BT 321.53 454.55 Td (Inc.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 432.50 Td (2. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 432.50 Td (In ) Tj ET Q q 0 0 0 rg BT 93.92 432.50 Td (the ) Tj ET Q q 0 0 0 rg BT 105.46 432.50 Td (event ) Tj ET Q q 0 0 0 rg BT 124.54 432.50 Td (of ) Tj ET Q q 0 0 0 rg BT 132.96 432.50 Td (a ) Tj ET Q q 0 0 0 rg BT 138.28 432.50 Td (Change ) Tj ET Q q 0 0 0 rg BT 164.47 432.50 Td (of ) Tj ET Q q 0 0 0 rg BT 172.90 432.50 Td (Control, ) Tj ET Q q 0 0 0 rg BT 201.10 432.50 Td (the ) Tj ET Q q 0 0 0 rg BT 212.63 432.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 254.81 432.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 289.90 432.50 Td (for ) Tj ET Q q 0 0 0 rg BT 300.99 432.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 325.41 432.50 Td (of ) Tj ET Q q 0 0 0 rg BT 333.83 432.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 376.46 432.50 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 410.65 432.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 430.63 432.50 Td (Units ) Tj ET Q q 0 0 0 rg BT 449.73 432.50 Td (that ) Tj ET Q q 0 0 0 rg BT 463.49 432.50 Td (have ) Tj ET Q q 0 0 0 rg BT 480.35 432.50 Td (not ) Tj ET Q q 0 0 0 rg BT 492.33 432.50 Td (previously ) Tj ET Q q 0 0 0 rg BT 527.86 432.50 Td (vested ) Tj ET Q q 0 0 0 rg BT 550.06 432.50 Td (will ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 421.45 Td (lapse ) Tj ET Q q 0 0 0 rg BT 104.17 421.45 Td (and ) Tj ET Q q 0 0 0 rg BT 117.96 421.45 Td (an ) Tj ET Q q 0 0 0 rg BT 127.75 421.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 153.98 421.45 Td (of ) Tj ET Q q 0 0 0 rg BT 162.88 421.45 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 188.24 421.45 Td (equal ) Tj ET Q q 0 0 0 rg BT 207.80 421.45 Td (to ) Tj ET Q q 0 0 0 rg BT 216.25 421.45 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 226.04 421.45 Td (the ) Tj ET Q q 0 0 0 rg BT 238.05 421.45 Td (number ) Tj ET Q q 0 0 0 rg BT 264.72 421.45 Td (of ) Tj ET Q q 0 0 0 rg BT 273.62 421.45 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 298.98 421.45 Td (determined ) Tj ET Q q 0 0 0 rg BT 337.20 421.45 Td (in ) Tj ET Q q 0 0 0 rg BT 345.66 421.45 Td (accordance ) Tj ET Q q 0 0 0 rg BT 383.86 421.45 Td (with ) Tj ET Q q 0 0 0 rg BT 400.32 421.45 Td (clause ) Tj ET Q q 0 0 0 rg BT 422.54 421.45 Td (2 ) Tj ET Q q 0 0 0 rg BT 428.78 421.45 Td (of ) Tj ET Q q 0 0 0 rg BT 437.19 421.45 Td (Annex ) Tj ET Q q 0 0 0 rg BT 460.26 421.45 Td (A) Tj ET Q q 0 0 0 rg BT 465.59 421.45 Td ( ) Tj ET Q q 0 0 0 rg BT 467.83 421.45 Td (based ) Tj ET Q q 0 0 0 rg BT 488.28 421.45 Td (on ) Tj ET Q q 0 0 0 rg BT 498.51 421.45 Td (a ) Tj ET Q q 0 0 0 rg BT 504.30 421.45 Td (performance ) Tj ET Q q 0 0 0 rg BT 546.95 421.45 Td (level ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 410.40 Td (that ) Tj ET Q q 0 0 0 rg BT 99.71 410.40 Td (would ) Tj ET Q q 0 0 0 rg BT 121.93 410.40 Td (result ) Tj ET Q q 0 0 0 rg BT 141.92 410.40 Td (from ) Tj ET Q q 0 0 0 rg BT 159.69 410.40 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 173.01 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 185.01 410.40 Td (sum ) Tj ET Q q 0 0 0 rg BT 200.56 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 209.44 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 221.43 410.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 242.75 410.40 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 267.64 410.40 Td ( ) Tj ET Q q 0 0 0 rg BT 269.86 410.40 Td (for ) Tj ET Q q 0 0 0 rg BT 281.40 410.40 Td (each ) Tj ET Q q 0 0 0 rg BT 298.27 410.40 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 317.81 410.40 Td (year ) Tj ET Q q 0 0 0 rg BT 333.80 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 342.68 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 354.67 410.40 Td (Four) Tj ET Q q 0 0 0 rg BT 369.62 410.40 Td (-Y) Tj ET Q q 0 0 0 rg BT 377.26 410.40 Td (ear ) Tj ET Q q 0 0 0 rg BT 389.25 410.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 432.33 410.40 Td (Period ) Tj ET Q q 0 0 0 rg BT 455.44 410.40 Td (completed ) Tj ET Q q 0 0 0 rg BT 490.98 410.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 508.74 410.40 Td (to ) Tj ET Q q 0 0 0 rg BT 517.18 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 529.18 410.40 Td (Change ) Tj ET Q q 0 0 0 rg BT 555.83 410.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 399.35 Td (Control ) Tj ET Q q 0 0 0 rg BT 112.42 399.35 Td (and ) Tj ET Q q 0 0 0 rg BT 126.45 399.35 Td (the ) Tj ET Q q 0 0 0 rg BT 138.70 399.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 165.17 399.35 Td (of ) Tj ET Q q 0 0 0 rg BT 174.13 399.35 Td (T) Tj ET Q q 0 0 0 rg BT 178.46 399.35 Td (ar) Tj ET Q q 0 0 0 rg BT 184.53 399.35 Td (get ) Tj ET Q q 0 0 0 rg BT 196.78 399.35 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 221.67 399.35 Td ( ) Tj ET Q q 0 0 0 rg BT 224.15 399.35 Td (for ) Tj ET Q q 0 0 0 rg BT 235.95 399.35 Td (each ) Tj ET Q q 0 0 0 rg BT 253.08 399.35 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 272.88 399.35 Td (year ) Tj ET Q q 0 0 0 rg BT 289.13 399.35 Td (of ) Tj ET Q q 0 0 0 rg BT 298.27 399.35 Td (the ) Tj ET Q q 0 0 0 rg BT 310.52 399.35 Td (Four) Tj ET Q q 0 0 0 rg BT 325.47 399.35 Td (-Y) Tj ET Q q 0 0 0 rg BT 333.11 399.35 Td (ear ) Tj ET Q q 0 0 0 rg BT 345.35 399.35 Td (Performance ) Tj ET Q q 0 0 0 rg BT 388.70 399.35 Td (Period ) Tj ET Q q 0 0 0 rg BT 412.06 399.35 Td (that ) Tj ET Q q 0 0 0 rg BT 426.53 399.35 Td (was ) Tj ET Q q 0 0 0 rg BT 441.45 399.35 Td (not ) Tj ET Q q 0 0 0 rg BT 454.15 399.35 Td (completed ) Tj ET Q q 0 0 0 rg BT 489.95 399.35 Td (prior ) Tj ET Q q 0 0 0 rg BT 507.97 399.35 Td (to ) Tj ET Q q 0 0 0 rg BT 516.67 399.35 Td (the ) Tj ET Q q 0 0 0 rg BT 528.92 399.35 Td (Change ) Tj ET Q q 0 0 0 rg BT 555.84 399.35 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 388.35 Td (Control, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 113.73 388.35 Td (plus) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.06 388.35 Td ( ) Tj ET Q q 0 0 0 rg BT 128.84 388.35 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 141.29 388.35 Td (the ) Tj ET Q q 0 0 0 rg BT 152.84 388.35 Td (sum ) Tj ET Q q 0 0 0 rg BT 167.96 388.35 Td (of ) Tj ET Q q 0 0 0 rg BT 176.41 388.35 Td (the ) Tj ET Q q 0 0 0 rg BT 187.96 388.35 Td (actual ) Tj ET Q q 0 0 0 rg BT 208.84 388.35 Td (FCF ) Tj ET Q q 0 0 0 rg BT 224.86 388.35 Td (for ) Tj ET Q q 0 0 0 rg BT 235.96 388.35 Td (each ) Tj ET Q q 0 0 0 rg BT 252.40 388.35 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 271.50 388.35 Td (year ) Tj ET Q q 0 0 0 rg BT 287.05 388.35 Td (of ) Tj ET Q q 0 0 0 rg BT 295.50 388.35 Td (the ) Tj ET Q q 0 0 0 rg BT 307.05 388.35 Td (Four) Tj ET Q q 0 0 0 rg BT 322.00 388.35 Td (-Y) Tj ET Q q 0 0 0 rg BT 329.64 388.35 Td (ear ) Tj ET Q q 0 0 0 rg BT 341.19 388.35 Td (Performance ) Tj ET Q q 0 0 0 rg BT 383.84 388.35 Td (Period ) Tj ET Q q 0 0 0 rg BT 406.51 388.35 Td (completed ) Tj ET Q q 0 0 0 rg BT 441.61 388.35 Td (prior ) Tj ET Q q 0 0 0 rg BT 458.94 388.35 Td (to ) Tj ET Q q 0 0 0 rg BT 466.95 388.35 Td (the ) Tj ET Q q 0 0 0 rg BT 478.50 388.35 Td (Change ) Tj ET Q q 0 0 0 rg BT 504.72 388.35 Td (of ) Tj ET Q q 0 0 0 rg BT 513.16 388.35 Td (Control ) Tj ET Q q 0 0 0 rg BT 539.39 388.35 Td (and ) Tj ET Q q 0 0 0 rg BT 552.72 388.35 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 377.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 111.53 377.30 Td (of ) Tj ET Q q 0 0 0 rg BT 120.07 377.30 Td (T) Tj ET Q q 0 0 0 rg BT 124.40 377.30 Td (ar) Tj ET Q q 0 0 0 rg BT 130.47 377.30 Td (get ) Tj ET Q q 0 0 0 rg BT 142.27 377.30 Td (FCF ) Tj ET Q q 0 0 0 rg BT 158.54 377.30 Td (for ) Tj ET Q q 0 0 0 rg BT 169.89 377.30 Td (each ) Tj ET Q q 0 0 0 rg BT 186.58 377.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 205.93 377.30 Td (year ) Tj ET Q q 0 0 0 rg BT 221.72 377.30 Td (of ) Tj ET Q q 0 0 0 rg BT 230.42 377.30 Td (the ) Tj ET Q q 0 0 0 rg BT 242.22 377.30 Td (Four) Tj ET Q q 0 0 0 rg BT 257.17 377.30 Td (-Y) Tj ET Q q 0 0 0 rg BT 264.81 377.30 Td (ear ) Tj ET Q q 0 0 0 rg BT 276.61 377.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 319.51 377.30 Td (Period ) Tj ET Q q 0 0 0 rg BT 342.42 377.30 Td (that ) Tj ET Q q 0 0 0 rg BT 356.45 377.30 Td (was ) Tj ET Q q 0 0 0 rg BT 370.92 377.30 Td (not ) Tj ET Q q 0 0 0 rg BT 383.17 377.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 418.52 377.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 436.10 377.30 Td (to ) Tj ET Q q 0 0 0 rg BT 444.35 377.30 Td (the ) Tj ET Q q 0 0 0 rg BT 456.15 377.30 Td (Change ) Tj ET Q q 0 0 0 rg BT 482.62 377.30 Td (of ) Tj ET Q q 0 0 0 rg BT 491.31 377.30 Td (Control, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 519.79 377.30 Td (minus) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.90 377.30 Td ( ) Tj ET Q q 0 0 0 rg BT 540.93 377.30 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 552.73 377.30 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 366.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 111.27 366.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.70 366.25 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 144.60 366.25 Td (that ) Tj ET Q q 0 0 0 rg BT 158.37 366.25 Td (have ) Tj ET Q q 0 0 0 rg BT 175.24 366.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 197.45 366.25 Td (on ) Tj ET Q q 0 0 0 rg BT 207.22 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.77 366.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 243.70 366.25 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 285.01 366.25 Td (Early ) Tj ET Q q 0 0 0 rg BT 303.98 366.25 Td (V) Tj ET Q q 0 0 0 rg BT 308.87 366.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 329.75 366.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 346.62 366.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.95 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.36 366.25 Td (Third ) Tj ET Q q 0 0 0 rg BT 390.52 366.25 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 431.83 366.25 Td (Early ) Tj ET Q q 0 0 0 rg BT 450.80 366.25 Td (V) Tj ET Q q 0 0 0 rg BT 455.69 366.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 476.57 366.25 Td (Date, ) Tj ET Q q 0 0 0 rg BT 495.44 366.25 Td (if ) Tj ET Q q 0 0 0 rg BT 502.10 366.25 Td (either ) Tj ET Q q 0 0 0 rg BT 522.08 366.25 Td (has ) Tj ET Q q 0 0 0 rg BT 534.52 366.25 Td (occurred ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 355.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 103.05 355.20 Td (to ) Tj ET Q q 0 0 0 rg BT 111.27 355.20 Td (the ) Tj ET Q q 0 0 0 rg BT 123.05 355.20 Td (Change ) Tj ET Q q 0 0 0 rg BT 149.48 355.20 Td (of ) Tj ET Q q 0 0 0 rg BT 158.15 355.20 Td (Control, ) Tj ET Q q 0 0 0 rg BT 186.59 355.20 Td (will ) Tj ET Q q 0 0 0 rg BT 201.04 355.20 Td (fully ) Tj ET Q q 0 0 0 rg BT 218.15 355.20 Td (vest ) Tj ET Q q 0 0 0 rg BT 233.04 355.20 Td (immediately ) Tj ET Q q 0 0 0 rg BT 275.02 355.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 292.57 355.20 Td (to ) Tj ET Q q 0 0 0 rg BT 300.80 355.20 Td (such ) Tj ET Q q 0 0 0 rg BT 317.46 355.20 Td (Change ) Tj ET Q q 0 0 0 rg BT 343.90 355.20 Td (of ) Tj ET Q q 0 0 0 rg BT 352.56 355.20 Td (Control. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 333.15 Td (3. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 333.15 Td (In ) Tj ET Q q 0 0 0 rg BT 94.57 333.15 Td (the ) Tj ET Q q 0 0 0 rg BT 106.74 333.15 Td (event ) Tj ET Q q 0 0 0 rg BT 126.47 333.15 Td (of ) Tj ET Q q 0 0 0 rg BT 135.54 333.15 Td (a ) Tj ET Q q 0 0 0 rg BT 141.32 333.15 Td (T) Tj ET Q q 0 0 0 rg BT 145.92 333.15 Td (ime ) Tj ET Q q 0 0 0 rg BT 160.15 333.15 Td (W) Tj ET Q q 0 0 0 rg BT 167.06 333.15 Td (arner ) Tj ET Q q 0 0 0 rg BT 185.72 333.15 Td (T) Tj ET Q q 0 0 0 rg BT 190.33 333.15 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 225.60 333.15 Td (and ) Tj ET Q q 0 0 0 rg BT 239.56 333.15 Td (the ) Tj ET Q q 0 0 0 rg BT 251.73 333.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 285.25 333.15 Td (continues ) Tj ET Q q 0 0 0 rg BT 318.31 333.15 Td (to ) Tj ET Q q 0 0 0 rg BT 326.94 333.15 Td (be ) Tj ET Q q 0 0 0 rg BT 336.89 333.15 Td (publicly ) Tj ET Q q 0 0 0 rg BT 365.51 333.15 Td (traded ) Tj ET Q q 0 0 0 rg BT 387.90 333.15 Td (with ) Tj ET Q q 0 0 0 rg BT 404.53 333.15 Td (its ) Tj ET Q q 0 0 0 rg BT 414.49 333.15 Td (shares ) Tj ET Q q 0 0 0 rg BT 436.89 333.15 Td (of ) Tj ET Q q 0 0 0 rg BT 445.96 333.15 Td (Class ) Tj ET Q q 0 0 0 rg BT 465.16 333.15 Td (A) Tj ET Q q 0 0 0 rg BT 470.50 333.15 Td ( ) Tj ET Q q 0 0 0 rg BT 472.90 333.15 Td (common ) Tj ET Q q 0 0 0 rg BT 503.30 333.15 Td (stock ) Tj ET Q q 0 0 0 rg BT 522.59 333.15 Td (listed ) Tj ET Q q 0 0 0 rg BT 542.33 333.15 Td (on ) Tj ET Q q 0 0 0 rg BT 552.73 333.15 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 322.10 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 120.79 322.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 144.53 322.10 Td (Market, ) Tj ET Q q 0 0 0 rg BT 171.59 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.32 322.10 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 208.40 322.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 234.35 322.10 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 268.29 322.10 Td (will ) Tj ET Q q 0 0 0 rg BT 282.70 322.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 312.20 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.38 322.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 335.23 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 343.41 322.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 381.34 322.10 Td (with ) Tj ET Q q 0 0 0 rg BT 397.52 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.25 322.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 451.63 322.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 486.92 322.10 Td (set ) Tj ET Q q 0 0 0 rg BT 497.77 322.10 Td (out ) Tj ET Q q 0 0 0 rg BT 509.95 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.70 322.10 Td (Annex ) Tj ET Q q 0 0 0 rg BT 540.55 322.10 Td (A) Tj ET Q q 0 0 0 rg BT 545.89 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.85 322.10 Td (until ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 311.05 Td (the ) Tj ET Q q 0 0 0 rg BT 97.27 311.05 Td (earliest ) Tj ET Q q 0 0 0 rg BT 122.37 311.05 Td (to ) Tj ET Q q 0 0 0 rg BT 130.59 311.05 Td (occur ) Tj ET Q q 0 0 0 rg BT 150.36 311.05 Td (of ) Tj ET Q q 0 0 0 rg BT 159.02 311.05 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 168.57 311.05 Td (the ) Tj ET Q q 0 0 0 rg BT 180.35 311.05 Td (Final ) Tj ET Q q 0 0 0 rg BT 198.65 311.05 Td (V) Tj ET Q q 0 0 0 rg BT 203.54 311.05 Td (esting ) Tj ET Q q 0 0 0 rg BT 224.65 311.05 Td (Date, ) Tj ET Q q 0 0 0 rg BT 243.75 311.05 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 255.52 311.05 Td (a ) Tj ET Q q 0 0 0 rg BT 261.07 311.05 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 297.59 311.05 Td (T) Tj ET Q q 0 0 0 rg BT 301.92 311.05 Td (ermination ) Tj ET Q q 0 0 0 rg BT 338.57 311.05 Td (Event, ) Tj ET Q q 0 0 0 rg BT 361.23 311.05 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 375.23 311.05 Td (a ) Tj ET Q q 0 0 0 rg BT 380.78 311.05 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 412.11 311.05 Td (Event, ) Tj ET Q q 0 0 0 rg BT 434.77 311.05 Td (or ) Tj ET Q q 0 0 0 rg BT 443.44 311.05 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 456.99 311.05 Td (an ) Tj ET Q q 0 0 0 rg BT 466.54 311.05 Td (L) Tj ET Q q 0 0 0 rg BT 470.69 311.05 Td (TIP) Tj ET Q q 0 0 0 rg BT 482.39 311.05 Td ( ) Tj ET Q q 0 0 0 rg BT 484.39 311.05 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 523.29 311.05 Td (Event. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 290.40 Td (4. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 290.40 Td (In ) Tj ET Q q 0 0 0 rg BT 95.06 290.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 133.05 290.40 Td (with ) Tj ET Q q 0 0 0 rg BT 150.17 290.40 Td (a ) Tj ET Q q 0 0 0 rg BT 156.62 290.40 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 193.96 290.40 Td (T) Tj ET Q q 0 0 0 rg BT 198.29 290.40 Td (ermination ) Tj ET Q q 0 0 0 rg BT 235.84 290.40 Td (Event, ) Tj ET Q q 0 0 0 rg BT 259.40 290.40 Td (the ) Tj ET Q q 0 0 0 rg BT 272.07 290.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 315.38 290.40 Td (conditions ) Tj ET Q q 0 0 0 rg BT 351.61 290.40 Td (for ) Tj ET Q q 0 0 0 rg BT 363.83 290.40 Td (awards ) Tj ET Q q 0 0 0 rg BT 389.38 290.40 Td (of ) Tj ET Q q 0 0 0 rg BT 398.94 290.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 442.71 290.40 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 478.04 290.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 499.15 290.40 Td (Units ) Tj ET Q q 0 0 0 rg BT 519.39 290.40 Td (that ) Tj ET Q q 0 0 0 rg BT 534.28 290.40 Td (have ) Tj ET Q q 0 0 0 rg BT 552.27 290.40 Td (not ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 279.35 Td (previously ) Tj ET Q q 0 0 0 rg BT 121.16 279.35 Td (vested ) Tj ET Q q 0 0 0 rg BT 143.48 279.35 Td (will ) Tj ET Q q 0 0 0 rg BT 157.80 279.35 Td (lapse ) Tj ET Q q 0 0 0 rg BT 176.13 279.35 Td (and ) Tj ET Q q 0 0 0 rg BT 189.56 279.35 Td (an ) Tj ET Q q 0 0 0 rg BT 198.99 279.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 224.87 279.35 Td (of ) Tj ET Q q 0 0 0 rg BT 233.42 279.35 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 258.43 279.35 Td (equal ) Tj ET Q q 0 0 0 rg BT 277.63 279.35 Td (to ) Tj ET Q q 0 0 0 rg BT 285.74 279.35 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 295.17 279.35 Td (the ) Tj ET Q q 0 0 0 rg BT 306.83 279.35 Td (number ) Tj ET Q q 0 0 0 rg BT 333.15 279.35 Td (of ) Tj ET Q q 0 0 0 rg BT 341.70 279.35 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 366.70 279.35 Td (determined ) Tj ET Q q 0 0 0 rg BT 404.57 279.35 Td ( ) Tj ET Q q 0 0 0 rg BT 406.45 279.35 Td (in ) Tj ET Q q 0 0 0 rg BT 414.56 279.35 Td (accordance ) Tj ET Q q 0 0 0 rg BT 452.41 279.35 Td (with ) Tj ET Q q 0 0 0 rg BT 468.52 279.35 Td (clause ) Tj ET Q q 0 0 0 rg BT 490.39 279.35 Td (2 ) Tj ET Q q 0 0 0 rg BT 496.27 279.35 Td (of ) Tj ET Q q 0 0 0 rg BT 504.40 279.35 Td (Annex ) Tj ET Q q 0 0 0 rg BT 527.20 279.35 Td (A) Tj ET Q q 0 0 0 rg BT 532.53 279.35 Td ( ) Tj ET Q q 0 0 0 rg BT 534.42 279.35 Td (based ) Tj ET Q q 0 0 0 rg BT 554.51 279.35 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 268.35 Td (a ) Tj ET Q q 0 0 0 rg BT 90.84 268.35 Td (performance ) Tj ET Q q 0 0 0 rg BT 133.05 268.35 Td (level ) Tj ET Q q 0 0 0 rg BT 150.39 268.35 Td (that ) Tj ET Q q 0 0 0 rg BT 164.18 268.35 Td (would ) Tj ET Q q 0 0 0 rg BT 185.98 268.35 Td (result ) Tj ET Q q 0 0 0 rg BT 205.54 268.35 Td (from ) Tj ET Q q 0 0 0 rg BT 222.89 268.35 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 235.79 268.35 Td (the ) Tj ET Q q 0 0 0 rg BT 247.35 268.35 Td (sum ) Tj ET Q q 0 0 0 rg BT 262.48 268.35 Td (of ) Tj ET Q q 0 0 0 rg BT 270.94 268.35 Td (the ) Tj ET Q q 0 0 0 rg BT 282.50 268.35 Td (actual ) Tj ET Q q 0 0 0 rg BT 303.39 268.35 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 328.29 268.35 Td ( ) Tj ET Q q 0 0 0 rg BT 330.08 268.35 Td (for ) Tj ET Q q 0 0 0 rg BT 341.20 268.35 Td (each ) Tj ET Q q 0 0 0 rg BT 357.64 268.35 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 376.76 268.35 Td (year ) Tj ET Q q 0 0 0 rg BT 392.32 268.35 Td (of ) Tj ET Q q 0 0 0 rg BT 400.78 268.35 Td (the ) Tj ET Q q 0 0 0 rg BT 412.34 268.35 Td (Four) Tj ET Q q 0 0 0 rg BT 427.30 268.35 Td (-Y) Tj ET Q q 0 0 0 rg BT 434.94 268.35 Td (ear ) Tj ET Q q 0 0 0 rg BT 446.50 268.35 Td (Performance ) Tj ET Q q 0 0 0 rg BT 489.16 268.35 Td (Period ) Tj ET Q q 0 0 0 rg BT 511.84 268.35 Td (completed ) Tj ET Q q 0 0 0 rg BT 546.95 268.35 Td (prior ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 257.30 Td (to ) Tj ET Q q 0 0 0 rg BT 93.17 257.30 Td (such ) Tj ET Q q 0 0 0 rg BT 109.29 257.30 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 145.30 257.30 Td (T) Tj ET Q q 0 0 0 rg BT 149.62 257.30 Td (ermination ) Tj ET Q q 0 0 0 rg BT 185.73 257.30 Td (Event ) Tj ET Q q 0 0 0 rg BT 205.84 257.30 Td (and ) Tj ET Q q 0 0 0 rg BT 218.84 257.30 Td (the ) Tj ET Q q 0 0 0 rg BT 230.07 257.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 255.52 257.30 Td (of ) Tj ET Q q 0 0 0 rg BT 263.53 257.30 Td (T) Tj ET Q q 0 0 0 rg BT 267.85 257.30 Td (ar) Tj ET Q q 0 0 0 rg BT 273.92 257.30 Td (get ) Tj ET Q q 0 0 0 rg BT 285.15 257.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 310.04 257.30 Td ( ) Tj ET Q q 0 0 0 rg BT 311.49 257.30 Td (for ) Tj ET Q q 0 0 0 rg BT 322.27 257.30 Td (each ) Tj ET Q q 0 0 0 rg BT 338.37 257.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 357.15 257.30 Td (year ) Tj ET Q q 0 0 0 rg BT 372.37 257.30 Td (of ) Tj ET Q q 0 0 0 rg BT 380.48 257.30 Td (the ) Tj ET Q q 0 0 0 rg BT 391.71 257.30 Td (Four) Tj ET Q q 0 0 0 rg BT 406.66 257.30 Td (-Y) Tj ET Q q 0 0 0 rg BT 414.30 257.30 Td (ear ) Tj ET Q q 0 0 0 rg BT 425.52 257.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 467.83 257.30 Td (Period ) Tj ET Q q 0 0 0 rg BT 490.17 257.30 Td (that ) Tj ET Q q 0 0 0 rg BT 503.62 257.30 Td (was ) Tj ET Q q 0 0 0 rg BT 517.51 257.30 Td (not ) Tj ET Q q 0 0 0 rg BT 529.19 257.30 Td (completed ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 246.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 102.71 246.25 Td (to ) Tj ET Q q 0 0 0 rg BT 110.60 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.04 246.25 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 158.24 246.25 Td (T) Tj ET Q q 0 0 0 rg BT 162.57 246.25 Td (ermination ) Tj ET Q q 0 0 0 rg BT 198.89 246.25 Td (Event, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 221.21 246.25 Td (plus) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.55 246.25 Td ( ) Tj ET Q q 0 0 0 rg BT 236.21 246.25 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 248.54 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.97 246.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 274.97 246.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.30 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.74 246.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 315.50 246.25 Td (FCF ) Tj ET Q q 0 0 0 rg BT 331.39 246.25 Td (for ) Tj ET Q q 0 0 0 rg BT 342.38 246.25 Td (each ) Tj ET Q q 0 0 0 rg BT 358.70 246.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 377.69 246.25 Td (year ) Tj ET Q q 0 0 0 rg BT 393.12 246.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.44 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.88 246.25 Td (Four) Tj ET Q q 0 0 0 rg BT 427.83 246.25 Td (-Y) Tj ET Q q 0 0 0 rg BT 435.47 246.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 446.90 246.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 489.43 246.25 Td (Period ) Tj ET Q q 0 0 0 rg BT 511.98 246.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 546.97 246.25 Td (prior ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 235.20 Td (to ) Tj ET Q q 0 0 0 rg BT 93.76 235.20 Td (the ) Tj ET Q q 0 0 0 rg BT 105.58 235.20 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 142.13 235.20 Td (T) Tj ET Q q 0 0 0 rg BT 146.46 235.20 Td (ermination ) Tj ET Q q 0 0 0 rg BT 183.16 235.20 Td (Event ) Tj ET Q q 0 0 0 rg BT 203.86 235.20 Td (and ) Tj ET Q q 0 0 0 rg BT 217.46 235.20 Td ( ) Tj ET Q q 0 0 0 rg BT 219.50 235.20 Td (the ) Tj ET Q q 0 0 0 rg BT 231.31 235.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 257.35 235.20 Td (of ) Tj ET Q q 0 0 0 rg BT 265.91 235.20 Td (T) Tj ET Q q 0 0 0 rg BT 270.24 235.20 Td (ar) Tj ET Q q 0 0 0 rg BT 276.31 235.20 Td (get ) Tj ET Q q 0 0 0 rg BT 288.12 235.20 Td (FCF ) Tj ET Q q 0 0 0 rg BT 304.40 235.20 Td (for ) Tj ET Q q 0 0 0 rg BT 315.77 235.20 Td (each ) Tj ET Q q 0 0 0 rg BT 332.46 235.20 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 351.83 235.20 Td (year ) Tj ET Q q 0 0 0 rg BT 367.64 235.20 Td (of ) Tj ET Q q 0 0 0 rg BT 376.34 235.20 Td (the ) Tj ET Q q 0 0 0 rg BT 388.16 235.20 Td (Four) Tj ET Q q 0 0 0 rg BT 403.11 235.20 Td (-Y) Tj ET Q q 0 0 0 rg BT 410.75 235.20 Td (ear ) Tj ET Q q 0 0 0 rg BT 422.56 235.20 Td (Performance ) Tj ET Q q 0 0 0 rg BT 465.47 235.20 Td (Period ) Tj ET Q q 0 0 0 rg BT 488.40 235.20 Td (that ) Tj ET Q q 0 0 0 rg BT 502.44 235.20 Td (was ) Tj ET Q q 0 0 0 rg BT 516.92 235.20 Td (not ) Tj ET Q q 0 0 0 rg BT 529.19 235.20 Td (completed ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 224.15 Td (prior ) Tj ET Q q 0 0 0 rg BT 103.37 224.15 Td (to ) Tj ET Q q 0 0 0 rg BT 111.92 224.15 Td (the ) Tj ET Q q 0 0 0 rg BT 124.01 224.15 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 160.83 224.15 Td (T) Tj ET Q q 0 0 0 rg BT 165.16 224.15 Td (ermination ) Tj ET Q q 0 0 0 rg BT 202.13 224.15 Td (Event, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 225.12 224.15 Td (minus) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.23 224.15 Td ( ) Tj ET Q q 0 0 0 rg BT 246.55 224.15 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 258.65 224.15 Td (the ) Tj ET Q q 0 0 0 rg BT 270.74 224.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 297.06 224.15 Td (of ) Tj ET Q q 0 0 0 rg BT 306.05 224.15 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 331.50 224.15 Td (that ) Tj ET Q q 0 0 0 rg BT 345.81 224.15 Td (have ) Tj ET Q q 0 0 0 rg BT 363.24 224.15 Td (vested ) Tj ET Q q 0 0 0 rg BT 386.00 224.15 Td (on ) Tj ET Q q 0 0 0 rg BT 396.32 224.15 Td (the ) Tj ET Q q 0 0 0 rg BT 408.42 224.15 Td (Second ) Tj ET Q q 0 0 0 rg BT 433.78 224.15 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 475.64 224.15 Td (Early ) Tj ET Q q 0 0 0 rg BT 495.12 224.15 Td (V) Tj ET Q q 0 0 0 rg BT 500.01 224.15 Td (esting ) Tj ET Q q 0 0 0 rg BT 521.44 224.15 Td (Date ) Tj ET Q q 0 0 0 rg BT 538.87 224.15 Td (and ) Tj ET Q q 0 0 0 rg BT 552.74 224.15 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 213.15 Td (Third ) Tj ET Q q 0 0 0 rg BT 104.83 213.15 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 146.38 213.15 Td (Early ) Tj ET Q q 0 0 0 rg BT 165.55 213.15 Td (V) Tj ET Q q 0 0 0 rg BT 170.45 213.15 Td (esting ) Tj ET Q q 0 0 0 rg BT 191.55 213.15 Td (Date ) Tj ET Q q 0 0 0 rg BT 208.66 213.15 Td (\(if ) Tj ET Q q 0 0 0 rg BT 218.21 213.15 Td (any\) ) Tj ET Q q 0 0 0 rg BT 234.42 213.15 Td (will ) Tj ET Q q 0 0 0 rg BT 248.87 213.15 Td (fully ) Tj ET Q q 0 0 0 rg BT 265.98 213.15 Td (vest ) Tj ET Q q 0 0 0 rg BT 280.86 213.15 Td (immediately ) Tj ET Q q 0 0 0 rg BT 322.85 213.15 Td (prior ) Tj ET Q q 0 0 0 rg BT 340.40 213.15 Td (to ) Tj ET Q q 0 0 0 rg BT 348.63 213.15 Td (such ) Tj ET Q q 0 0 0 rg BT 365.29 213.15 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 401.80 213.15 Td (T) Tj ET Q q 0 0 0 rg BT 406.13 213.15 Td (ermination ) Tj ET Q q 0 0 0 rg BT 442.79 213.15 Td (Event.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 191.05 Td (5. ) Tj ET Q q 0 0 0 rg BT 85.50 191.05 Td (In ) Tj ET Q q 0 0 0 rg BT 94.01 191.05 Td (connection ) Tj ET Q q 0 0 0 rg BT 130.96 191.05 Td (with ) Tj ET Q q 0 0 0 rg BT 147.03 191.05 Td (a ) Tj ET Q q 0 0 0 rg BT 152.43 191.05 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 183.61 191.05 Td (Event ) Tj ET Q q 0 0 0 rg BT 204.12 191.05 Td (or ) Tj ET Q q 0 0 0 rg BT 212.63 191.05 Td (an ) Tj ET Q q 0 0 0 rg BT 222.03 191.05 Td (L) Tj ET Q q 0 0 0 rg BT 226.18 191.05 Td (TIP) Tj ET Q q 0 0 0 rg BT 237.89 191.05 Td ( ) Tj ET Q q 0 0 0 rg BT 239.74 191.05 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 278.48 191.05 Td (Event, ) Tj ET Q q 0 0 0 rg BT 300.99 191.05 Td (the ) Tj ET Q q 0 0 0 rg BT 312.61 191.05 Td (performance ) Tj ET Q q 0 0 0 rg BT 354.88 191.05 Td (conditions ) Tj ET Q q 0 0 0 rg BT 390.06 191.05 Td (for ) Tj ET Q q 0 0 0 rg BT 401.23 191.05 Td (awards ) Tj ET Q q 0 0 0 rg BT 425.74 191.05 Td (of ) Tj ET Q q 0 0 0 rg BT 434.25 191.05 Td (Performance ) Tj ET Q q 0 0 0 rg BT 476.97 191.05 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 511.25 191.05 Td (Stock ) Tj ET Q q 0 0 0 rg BT 531.32 191.05 Td (Units ) Tj ET Q q 0 0 0 rg BT 550.50 191.05 Td (that ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 180.00 Td (have ) Tj ET Q q 0 0 0 rg BT 102.54 180.00 Td (not ) Tj ET Q q 0 0 0 rg BT 114.70 180.00 Td (previously ) Tj ET Q q 0 0 0 rg BT 150.41 180.00 Td (vested ) Tj ET Q q 0 0 0 rg BT 172.79 180.00 Td (will ) Tj ET Q q 0 0 0 rg BT 187.17 180.00 Td (lapse ) Tj ET Q q 0 0 0 rg BT 205.55 180.00 Td (and ) Tj ET Q q 0 0 0 rg BT 219.04 180.00 Td (an ) Tj ET Q q 0 0 0 rg BT 228.53 180.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 254.46 180.00 Td (of ) Tj ET Q q 0 0 0 rg BT 263.06 180.00 Td (PRSUS ) Tj ET Q q 0 0 0 rg BT 289.46 180.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 308.73 180.00 Td (to ) Tj ET Q q 0 0 0 rg BT 316.89 180.00 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 326.38 180.00 Td (the ) Tj ET Q q 0 0 0 rg BT 338.09 180.00 Td (number ) Tj ET Q q 0 0 0 rg BT 364.46 180.00 Td (of ) Tj ET Q q 0 0 0 rg BT 373.07 180.00 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 398.13 180.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 436.05 180.00 Td (in ) Tj ET Q q 0 0 0 rg BT 444.21 180.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 482.12 180.00 Td (with ) Tj ET Q q 0 0 0 rg BT 498.28 180.00 Td (clause ) Tj ET Q q 0 0 0 rg BT 520.21 180.00 Td (2 ) Tj ET Q q 0 0 0 rg BT 526.15 180.00 Td (of ) Tj ET Q q 0 0 0 rg BT 534.32 180.00 Td (Annex ) Tj ET Q q 0 0 0 rg BT 557.16 180.00 Td (A) Tj ET Q q 0 0 0 rg BT 562.50 180.00 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 168.95 Td (based ) Tj ET Q q 0 0 0 rg BT 105.01 168.95 Td (on ) Tj ET Q q 0 0 0 rg BT 114.30 168.95 Td (a ) Tj ET Q q 0 0 0 rg BT 119.15 168.95 Td (performance ) Tj ET Q q 0 0 0 rg BT 160.86 168.95 Td (level ) Tj ET Q q 0 0 0 rg BT 177.71 168.95 Td (that ) Tj ET Q q 0 0 0 rg BT 191.00 168.95 Td (would ) Tj ET Q q 0 0 0 rg BT 212.29 168.95 Td (result ) Tj ET Q q 0 0 0 rg BT 231.36 168.95 Td (from ) Tj ET Q q 0 0 0 rg BT 248.21 168.95 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 260.61 168.95 Td (the ) Tj ET Q q 0 0 0 rg BT 271.67 168.95 Td (sum ) Tj ET Q q 0 0 0 rg BT 286.30 168.95 Td (of ) Tj ET Q q 0 0 0 rg BT 294.26 168.95 Td (the ) Tj ET Q q 0 0 0 rg BT 305.33 168.95 Td (actual ) Tj ET Q q 0 0 0 rg BT 325.72 168.95 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 350.62 168.95 Td ( ) Tj ET Q q 0 0 0 rg BT 351.91 168.95 Td (for ) Tj ET Q q 0 0 0 rg BT 362.53 168.95 Td (each ) Tj ET Q q 0 0 0 rg BT 378.48 168.95 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 397.10 168.95 Td (year ) Tj ET Q q 0 0 0 rg BT 412.16 168.95 Td (of ) Tj ET Q q 0 0 0 rg BT 420.12 168.95 Td (the ) Tj ET Q q 0 0 0 rg BT 431.19 168.95 Td (Four) Tj ET Q q 0 0 0 rg BT 446.14 168.95 Td (-Y) Tj ET Q q 0 0 0 rg BT 453.78 168.95 Td (ear ) Tj ET Q q 0 0 0 rg BT 464.84 168.95 Td (Performance ) Tj ET Q q 0 0 0 rg BT 507.00 168.95 Td (Period ) Tj ET Q q 0 0 0 rg BT 529.19 168.95 Td (completed ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 157.95 Td (prior ) Tj ET Q q 0 0 0 rg BT 103.22 157.95 Td (to ) Tj ET Q q 0 0 0 rg BT 111.61 157.95 Td (such ) Tj ET Q q 0 0 0 rg BT 128.44 157.95 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 159.93 157.95 Td (Event ) Tj ET Q q 0 0 0 rg BT 180.76 157.95 Td (or ) Tj ET Q q 0 0 0 rg BT 189.59 157.95 Td (L) Tj ET Q q 0 0 0 rg BT 193.74 157.95 Td (TIP) Tj ET Q q 0 0 0 rg BT 205.45 157.95 Td ( ) Tj ET Q q 0 0 0 rg BT 207.61 157.95 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 246.67 157.95 Td (Event ) Tj ET Q q 0 0 0 rg BT 267.50 157.95 Td (and ) Tj ET Q q 0 0 0 rg BT 281.21 157.95 Td ( ) Tj ET Q q 0 0 0 rg BT 283.38 157.95 Td (the ) Tj ET Q q 0 0 0 rg BT 295.32 157.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 321.48 157.95 Td (of ) Tj ET Q q 0 0 0 rg BT 330.16 157.95 Td (T) Tj ET Q q 0 0 0 rg BT 334.48 157.95 Td (ar) Tj ET Q q 0 0 0 rg BT 340.55 157.95 Td (get ) Tj ET Q q 0 0 0 rg BT 352.49 157.95 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 377.38 157.95 Td ( ) Tj ET Q q 0 0 0 rg BT 379.55 157.95 Td (for ) Tj ET Q q 0 0 0 rg BT 391.04 157.95 Td (each ) Tj ET Q q 0 0 0 rg BT 407.86 157.95 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 427.35 157.95 Td (year ) Tj ET Q q 0 0 0 rg BT 443.28 157.95 Td (of ) Tj ET Q q 0 0 0 rg BT 452.11 157.95 Td (the ) Tj ET Q q 0 0 0 rg BT 464.05 157.95 Td (Four) Tj ET Q q 0 0 0 rg BT 479.01 157.95 Td (-Y) Tj ET Q q 0 0 0 rg BT 486.65 157.95 Td (ear ) Tj ET Q q 0 0 0 rg BT 498.58 157.95 Td (Performance ) Tj ET Q q 0 0 0 rg BT 541.61 157.95 Td (Period ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 146.90 Td (that ) Tj ET Q q 0 0 0 rg BT 99.66 146.90 Td (was ) Tj ET Q q 0 0 0 rg BT 114.27 146.90 Td (not ) Tj ET Q q 0 0 0 rg BT 126.66 146.90 Td (completed ) Tj ET Q q 0 0 0 rg BT 162.15 146.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 179.87 146.90 Td (to ) Tj ET Q q 0 0 0 rg BT 188.26 146.90 Td (such ) Tj ET Q q 0 0 0 rg BT 205.09 146.90 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 236.59 146.90 Td (Event ) Tj ET Q q 0 0 0 rg BT 257.41 146.90 Td (or ) Tj ET Q q 0 0 0 rg BT 266.24 146.90 Td (L) Tj ET Q q 0 0 0 rg BT 270.40 146.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 282.10 146.90 Td ( ) Tj ET Q q 0 0 0 rg BT 284.27 146.90 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 323.33 146.90 Td (Event, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.16 146.90 Td (plus) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.49 146.90 Td ( ) Tj ET Q q 0 0 0 rg BT 361.66 146.90 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 374.49 146.90 Td (the ) Tj ET Q q 0 0 0 rg BT 386.43 146.90 Td (sum ) Tj ET Q q 0 0 0 rg BT 401.93 146.90 Td (of ) Tj ET Q q 0 0 0 rg BT 410.76 146.90 Td (the ) Tj ET Q q 0 0 0 rg BT 422.70 146.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 443.97 146.90 Td (FCF ) Tj ET Q q 0 0 0 rg BT 460.37 146.90 Td (for ) Tj ET Q q 0 0 0 rg BT 471.87 146.90 Td (each ) Tj ET Q q 0 0 0 rg BT 488.68 146.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 508.18 146.90 Td (year ) Tj ET Q q 0 0 0 rg BT 524.11 146.90 Td (of ) Tj ET Q q 0 0 0 rg BT 532.94 146.90 Td (the ) Tj ET Q q 0 0 0 rg BT 544.88 146.90 Td (Four) Tj ET Q q 0 0 0 rg BT 559.83 146.90 Td (-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 135.85 Td (Y) Tj ET Q q 0 0 0 rg BT 90.48 135.85 Td (ear ) Tj ET Q q 0 0 0 rg BT 102.20 135.85 Td (Performance ) Tj ET Q q 0 0 0 rg BT 145.02 135.85 Td (Period ) Tj ET Q q 0 0 0 rg BT 167.86 135.85 Td (completed ) Tj ET Q q 0 0 0 rg BT 203.14 135.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 220.64 135.85 Td (to ) Tj ET Q q 0 0 0 rg BT 228.82 135.85 Td (such ) Tj ET Q q 0 0 0 rg BT 245.44 135.85 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 276.73 135.85 Td (Event ) Tj ET Q q 0 0 0 rg BT 297.34 135.85 Td (or ) Tj ET Q q 0 0 0 rg BT 305.96 135.85 Td (L) Tj ET Q q 0 0 0 rg BT 310.11 135.85 Td (TIP) Tj ET Q q 0 0 0 rg BT 321.82 135.85 Td ( ) Tj ET Q q 0 0 0 rg BT 323.77 135.85 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 362.62 135.85 Td (Event ) Tj ET Q q 0 0 0 rg BT 383.24 135.85 Td (and ) Tj ET Q q 0 0 0 rg BT 396.74 135.85 Td (the ) Tj ET Q q 0 0 0 rg BT 408.47 135.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 434.42 135.85 Td (of ) Tj ET Q q 0 0 0 rg BT 442.90 135.85 Td (T) Tj ET Q q 0 0 0 rg BT 447.23 135.85 Td (ar) Tj ET Q q 0 0 0 rg BT 453.30 135.85 Td (get ) Tj ET Q q 0 0 0 rg BT 465.03 135.85 Td (FCF ) Tj ET Q q 0 0 0 rg BT 481.22 135.85 Td (for ) Tj ET Q q 0 0 0 rg BT 492.50 135.85 Td (each ) Tj ET Q q 0 0 0 rg BT 509.11 135.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 528.39 135.85 Td (year ) Tj ET Q q 0 0 0 rg BT 544.11 135.85 Td (of ) Tj ET Q q 0 0 0 rg BT 552.73 135.85 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 124.80 Td (Four) Tj ET Q q 0 0 0 rg BT 100.45 124.80 Td (-Y) Tj ET Q q 0 0 0 rg BT 108.09 124.80 Td (ear ) Tj ET Q q 0 0 0 rg BT 119.95 124.80 Td (Performance ) Tj ET Q q 0 0 0 rg BT 162.91 124.80 Td (Period ) Tj ET Q q 0 0 0 rg BT 185.88 124.80 Td (that ) Tj ET Q q 0 0 0 rg BT 199.97 124.80 Td (was ) Tj ET Q q 0 0 0 rg BT 214.50 124.80 Td (not ) Tj ET Q q 0 0 0 rg BT 226.81 124.80 Td (completed ) Tj ET Q q 0 0 0 rg BT 262.22 124.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 279.86 124.80 Td (to ) Tj ET Q q 0 0 0 rg BT 288.18 124.80 Td (such ) Tj ET Q q 0 0 0 rg BT 304.93 124.80 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 336.35 124.80 Td (Event ) Tj ET Q q 0 0 0 rg BT 357.10 124.80 Td (or ) Tj ET Q q 0 0 0 rg BT 365.86 124.80 Td (L) Tj ET Q q 0 0 0 rg BT 370.01 124.80 Td (TIP) Tj ET Q q 0 0 0 rg BT 381.71 124.80 Td ( ) Tj ET Q q 0 0 0 rg BT 383.80 124.80 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 422.79 124.80 Td (Event, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.54 124.80 Td (minus) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.65 124.80 Td ( ) Tj ET Q q 0 0 0 rg BT 466.74 124.80 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 478.60 124.80 Td (the ) Tj ET Q q 0 0 0 rg BT 490.46 124.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 516.55 124.80 Td (of ) Tj ET Q q 0 0 0 rg BT 525.30 124.80 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 550.52 124.80 Td (that ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 113.75 Td (have ) Tj ET Q q 0 0 0 rg BT 102.62 113.75 Td (vested ) Tj ET Q q 0 0 0 rg BT 125.08 113.75 Td (on ) Tj ET Q q 0 0 0 rg BT 135.10 113.75 Td (the ) Tj ET Q q 0 0 0 rg BT 146.89 113.75 Td (Second ) Tj ET Q q 0 0 0 rg BT 172.02 113.75 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 213.58 113.75 Td (Early ) Tj ET Q q 0 0 0 rg BT 232.78 113.75 Td (V) Tj ET Q q 0 0 0 rg BT 237.67 113.75 Td (esting ) Tj ET Q q 0 0 0 rg BT 258.80 113.75 Td (Date ) Tj ET Q q 0 0 0 rg BT 275.92 113.75 Td (and ) Tj ET Q q 0 0 0 rg BT 289.50 113.75 Td (the ) Tj ET Q q 0 0 0 rg BT 301.14 113.75 Td (Third ) Tj ET Q q 0 0 0 rg BT 320.49 113.75 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 362.06 113.75 Td (Early ) Tj ET Q q 0 0 0 rg BT 381.25 113.75 Td (V) Tj ET Q q 0 0 0 rg BT 386.15 113.75 Td (esting ) Tj ET Q q 0 0 0 rg BT 407.27 113.75 Td (Date ) Tj ET Q q 0 0 0 rg BT 424.40 113.75 Td (\(if ) Tj ET Q q 0 0 0 rg BT 433.97 113.75 Td (any\) ) Tj ET Q q 0 0 0 rg BT 450.20 113.75 Td (will ) Tj ET Q q 0 0 0 rg BT 464.67 113.75 Td (fully ) Tj ET Q q 0 0 0 rg BT 481.80 113.75 Td (vest ) Tj ET Q q 0 0 0 rg BT 496.71 113.75 Td (immediately ) Tj ET Q q 0 0 0 rg BT 538.72 113.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 556.29 113.75 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 102.75 Td (such ) Tj ET Q q 0 0 0 rg BT 102.16 102.75 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 133.50 102.75 Td (Event ) Tj ET Q q 0 0 0 rg BT 154.16 102.75 Td (or ) Tj ET Q q 0 0 0 rg BT 162.82 102.75 Td (L) Tj ET Q q 0 0 0 rg BT 166.97 102.75 Td (TIP) Tj ET Q q 0 0 0 rg BT 178.68 102.75 Td ( ) Tj ET Q q 0 0 0 rg BT 180.68 102.75 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 219.57 102.75 Td (Event. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 80.65 Td (* * * * *) Tj ET Q endstream endobj 191 0 obj <> endobj 192 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (1) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 517.15 740.348046875 m 562.49375 740.348046875 l s q 0 0 0 rg BT 517.15 741.60 Td (Exhibit 10.12) Tj ET Q 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 1 J 1 j 3 M 49.5 731.6 m 562.5 731.6 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.60 710.40 Td (Central Eur) Tj ET Q q 0 0 0 rg BT 388.01 710.40 Td (opean Media Enterprises Ltd. Stock Incentive Plan ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.35 700.80 Td (Form of co-CEO PRSU ) Tj ET Q q 0 0 0 rg BT 421.12 700.80 Td (Agr) Tj ET Q q 0 0 0 rg BT 434.30 700.80 Td (eement \(for) Tj ET Q q 0 0 0 rg BT 473.46 700.80 Td ( use fr) Tj ET Q q 0 0 0 rg BT 494.65 700.80 Td (om December) Tj ET Q q 0 0 0 rg BT 541.81 700.80 Td ( 2018\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.00 662.40 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 662.40 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 662.40 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 662.40 Td (TD.) 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Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 547.20 Td (NOW) Tj ET Q q 0 0 0 rg BT 67.87 547.20 Td (, ) Tj ET Q q 0 0 0 rg BT 71.73 547.20 Td (THEREFORE, ) Tj ET Q q 0 0 0 rg BT 121.95 547.20 Td (the ) Tj ET Q q 0 0 0 rg BT 133.72 547.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 166.83 547.20 Td (and ) Tj ET Q q 0 0 0 rg BT 180.38 547.20 Td (the ) Tj ET Q q 0 0 0 rg BT 192.16 547.20 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 219.47 547.20 Td (agree ) Tj ET Q q 0 0 0 rg BT 238.79 547.20 Td (as ) Tj ET Q q 0 0 0 rg BT 247.45 547.20 Td (follows:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 528.00 Td (1. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 85.5 526.748046875 m 139.66259765625 526.748046875 l s q 0 0 0 rg BT 85.50 528.00 Td (Grant ) Tj ET Q q 0 0 0 rg BT 108.44 528.00 Td (of ) Tj ET Q q 0 0 0 rg BT 116.70 528.00 Td (A) Tj ET Q q 0 0 0 rg BT 121.89 528.00 Td (ward) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 139.66 528.00 Td (. ) Tj ET Q q 0 0 0 rg BT 143.71 528.00 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8.00 Tf ET /GS0 gs q 5.00 0 0 8.27 337.62 516.67 cm /I46 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.62 518.40 Td (] ) Tj ET Q q 0 0 0 rg BT 347.36 518.40 Td (restricted ) Tj ET Q q 0 0 0 rg BT 379.20 518.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 398.17 518.40 Td (units ) Tj ET Q q 0 0 0 rg BT 415.81 518.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 430.32 518.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.87 518.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 480.37 518.40 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 517.54 518.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 538.74 518.40 Td (Units) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.96 518.40 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 508.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 508.80 Td (PRSUs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.05 508.80 Td ( ) Tj ET Q q 0 0 0 rg BT 118.74 508.80 Td (or ) Tj ET Q q 0 0 0 rg BT 127.54 508.80 Td (the ) Tj ET Q q 0 0 0 rg BT 139.45 508.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 143.00 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Tj ET Q q 0 0 0 rg BT 242.98 489.60 Td (employment ) Tj ET Q q 0 0 0 rg BT 285.23 489.60 Td (with ) Tj ET Q q 0 0 0 rg BT 301.71 489.60 Td (the ) Tj ET Q q 0 0 0 rg BT 313.74 489.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 347.10 489.60 Td (or ) Tj ET Q q 0 0 0 rg BT 356.03 489.60 Td (any ) Tj ET Q q 0 0 0 rg BT 369.83 489.60 Td (of ) Tj ET Q q 0 0 0 rg BT 378.76 489.60 Td (its ) Tj ET Q q 0 0 0 rg BT 388.57 489.60 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 429.94 489.60 Td (\() Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.16 489.60 Td (Service) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.03 489.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 469.50 489.60 Td (from ) Tj ET Q q 0 0 0 rg BT 487.31 489.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.34 489.60 Td (date ) Tj ET Q q 0 0 0 rg BT 514.92 489.60 Td (hereof ) Tj ET Q q 0 0 0 rg BT 537.61 489.60 Td (through ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 480.00 Td (the ) Tj ET Q q 0 0 0 rg BT 97.27 480.00 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 144.89 480.00 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BT 437.09 460.80 Td (of ) Tj ET Q q 0 0 0 rg BT 446.36 460.80 Td (the ) Tj ET Q q 0 0 0 rg BT 458.74 460.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 492.45 460.80 Td (for ) Tj ET Q q 0 0 0 rg BT 504.38 460.80 Td (each ) Tj ET Q q 0 0 0 rg BT 521.64 460.80 Td (Performance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 451.20 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 119.92 451.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 140.13 451.20 Td (Unit ) Tj ET Q q 0 0 0 rg BT 156.33 451.20 Td (that ) Tj ET Q q 0 0 0 rg BT 170.31 451.20 Td (vests ) Tj ET Q q 0 0 0 rg BT 188.30 451.20 Td (in ) Tj ET Q q 0 0 0 rg BT 196.50 451.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 234.46 451.20 Td (with ) Tj ET Q q 0 0 0 rg BT 250.23 451.20 Td (Annex ) Tj ET Q q 0 0 0 rg BT 273.10 451.20 Td (A. ) Tj ET Q q 0 0 0 rg BT 282.86 451.20 Td ( ) Tj ET Q q 0 0 0 rg BT 284.85 451.20 Td (Unless ) Tj ET Q q 0 0 0 rg BT 308.61 451.20 Td (specifically ) Tj ET Q q 0 0 0 rg BT 347.46 451.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 377.89 451.20 Td (for ) Tj ET Q q 0 0 0 rg BT 389.20 451.20 Td (in ) Tj ET Q q 0 0 0 rg BT 397.41 451.20 Td (this ) Tj ET Q q 0 0 0 rg BT 410.51 451.20 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 450.03 451.20 Td (the ) Tj ET Q q 0 0 0 rg BT 461.35 451.20 Td (A) Tj ET Q q 0 0 0 rg BT 466.40 451.20 Td (ward ) Tj ET Q q 0 0 0 rg BT 484.37 451.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 501.47 451.20 Td (be ) Tj ET Q q 0 0 0 rg BT 511.00 451.20 Td (governed ) Tj ET Q q 0 0 0 rg BT 542.75 451.20 Td (by ) Tj ET Q q 0 0 0 rg BT 552.74 451.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 441.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 105.27 441.60 Td (of ) Tj ET Q q 0 0 0 rg BT 113.94 441.60 Td (the ) Tj ET Q q 0 0 0 rg BT 125.71 441.60 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 143.93 441.60 Td (which ) Tj ET Q q 0 0 0 rg BT 165.48 441.60 Td (are ) Tj ET Q q 0 0 0 rg BT 177.25 441.60 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 219.68 441.60 Td (herein ) Tj ET Q q 0 0 0 rg BT 241.66 441.60 Td (by ) Tj ET Q q 0 0 0 rg BT 251.66 441.60 Td (reference. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 420.00 Td (2. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 418.748046875 m 204.26953125 418.748046875 l s q 0 0 0 rg BT 103.50 420.00 Td (Additional ) Tj ET Q q 0 0 0 rg BT 141.81 420.00 Td (V) Tj ET Q q 0 0 0 rg BT 146.86 420.00 Td (esting ) Tj ET Q q 0 0 0 rg BT 168.86 420.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 177.15 420.00 Td (ovisions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.27 420.00 Td (. ) Tj ET Q q 0 0 0 rg BT 208.27 420.00 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 398.40 Td (\(a\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 134.5 397.33359375 m 182.53466796875 397.33359375 l s q 0 0 0 rg BT 134.50 398.40 Td (Right ) Tj ET Q q 0 0 0 rg BT 153.96 398.40 Td (to ) Tj ET Q q 0 0 0 rg BT 161.50 398.40 Td (A) Tj ET Q q 0 0 0 rg BT 166.54 398.40 Td (ward) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.53 398.40 Td (. ) Tj ET Q q 0 0 0 rg BT 186.22 398.40 Td ( ) Tj ET Q q 0 0 0 rg BT 187.78 398.40 Td (The ) Tj ET Q q 0 0 0 rg BT 201.90 398.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 222.68 398.40 Td (vesting ) Tj ET Q q 0 0 0 rg BT 247.48 398.40 Td (of ) Tj ET Q q 0 0 0 rg BT 255.82 398.40 Td (any ) Tj ET Q q 0 0 0 rg BT 269.06 398.40 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 293.87 398.40 Td (will ) Tj ET Q q 0 0 0 rg BT 308.00 398.40 Td (be ) Tj ET Q q 0 0 0 rg BT 317.23 398.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 354.90 398.40 Td (based ) Tj ET Q q 0 0 0 rg BT 374.80 398.40 Td (on ) Tj ET Q q 0 0 0 rg BT 384.48 398.40 Td (the ) Tj ET Q q 0 0 0 rg BT 395.94 398.40 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 434.05 398.40 Td (of ) Tj ET Q q 0 0 0 rg BT 442.40 398.40 Td (the ) Tj ET Q q 0 0 0 rg BT 453.86 398.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 495.96 398.40 Td (vesting ) Tj ET Q q 0 0 0 rg BT 520.75 398.40 Td (requirements ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 388.80 Td (in ) Tj ET Q q 0 0 0 rg BT 142.72 388.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 180.69 388.80 Td (with ) Tj ET Q q 0 0 0 rg BT 196.47 388.80 Td (Annex ) Tj ET Q q 0 0 0 rg BT 219.36 388.80 Td (A) Tj ET Q q 0 0 0 rg BT 224.70 388.80 Td ( ) Tj ET Q q 0 0 0 rg BT 226.70 388.80 Td (and ) Tj ET Q q 0 0 0 rg BT 240.25 388.80 Td (with ) Tj ET Q q 0 0 0 rg BT 256.47 388.80 Td (the ) Tj ET Q q 0 0 0 rg BT 268.24 388.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 303.11 388.80 Td (provisions ) Tj ET Q q 0 0 0 rg BT 338.45 388.80 Td (of ) Tj ET Q q 0 0 0 rg BT 347.11 388.80 Td (the ) Tj ET Q q 0 0 0 rg BT 358.89 388.80 Td (Plan ) Tj ET Q q 0 0 0 rg BT 375.11 388.80 Td (and ) Tj ET Q q 0 0 0 rg BT 388.66 388.80 Td (this ) Tj ET Q q 0 0 0 rg BT 401.78 388.80 Td (Agreement.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 367.20 Td (\(b\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 134.5 366.13359375 m 207.5703125 366.13359375 l s q 0 0 0 rg BT 134.50 367.20 Td (T) Tj ET Q q 0 0 0 rg BT 138.83 367.20 Td (ermination ) Tj ET Q q 0 0 0 rg BT 175.20 367.20 Td (of ) Tj ET Q q 0 0 0 rg BT 183.58 367.20 Td (Service) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.57 367.20 Td (. ) Tj ET Q q 0 0 0 rg BT 211.29 367.20 Td (In ) Tj ET Q q 0 0 0 rg BT 219.67 367.20 Td (the ) Tj ET Q q 0 0 0 rg BT 231.16 367.20 Td (event ) Tj ET Q q 0 0 0 rg BT 250.20 367.20 Td (the ) Tj ET Q q 0 0 0 rg BT 261.69 367.20 Td (Grantee) Tj ET Q q 0 0 0 rg BT 289.23 367.20 Td (s ) Tj ET Q q 0 0 0 rg BT 294.06 367.20 Td (Service ) Tj ET Q q 0 0 0 rg BT 319.76 367.20 Td (ceases ) Tj ET Q q 0 0 0 rg BT 341.91 367.20 Td (for ) Tj ET Q q 0 0 0 rg BT 352.96 367.20 Td (any ) Tj ET Q q 0 0 0 rg BT 366.22 367.20 Td (reason ) Tj ET Q q 0 0 0 rg BT 388.82 367.20 Td (\(other ) Tj ET Q q 0 0 0 rg BT 409.64 367.20 Td (than ) Tj ET Q q 0 0 0 rg BT 425.13 367.20 Td (as ) Tj ET Q q 0 0 0 rg BT 433.51 367.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 463.66 367.20 Td (in ) Tj ET Q q 0 0 0 rg BT 471.60 367.20 Td (Section ) Tj ET Q q 0 0 0 rg BT 497.31 367.20 Td (2\(c\) ) Tj ET Q q 0 0 0 rg BT 511.91 367.20 Td (below ) Tj ET Q q 0 0 0 rg BT 533.18 367.20 Td (or ) Tj ET Q q 0 0 0 rg BT 541.18 367.20 Td (Annex ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 357.60 Td (B\), ) Tj ET Q q 0 0 0 rg BT 146.13 357.60 Td (Performance ) Tj ET Q q 0 0 0 rg BT 188.63 357.60 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 222.70 357.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 242.55 357.60 Td (Units ) Tj ET Q q 0 0 0 rg BT 261.52 357.60 Td (that ) Tj ET Q q 0 0 0 rg BT 275.15 357.60 Td (have ) Tj ET Q q 0 0 0 rg BT 291.88 357.60 Td (not ) Tj ET Q q 0 0 0 rg BT 303.73 357.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 339.14 357.60 Td (vested ) Tj ET Q q 0 0 0 rg BT 361.21 357.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 378.39 357.60 Td (to ) Tj ET Q q 0 0 0 rg BT 386.25 357.60 Td (such ) Tj ET Q q 0 0 0 rg BT 402.54 357.60 Td (cessation ) Tj ET Q q 0 0 0 rg BT 433.50 357.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.79 357.60 Td (Service ) Tj ET Q q 0 0 0 rg BT 467.41 357.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 484.16 357.60 Td (immediately ) Tj ET Q q 0 0 0 rg BT 525.78 357.60 Td (be ) Tj ET Q q 0 0 0 rg BT 534.96 357.60 Td (forfeited ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 348.00 Td (to ) Tj ET Q q 0 0 0 rg BT 142.41 348.00 Td (the ) Tj ET Q q 0 0 0 rg BT 153.86 348.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 186.66 348.00 Td (without ) Tj ET Q q 0 0 0 rg BT 212.79 348.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 242.02 348.00 Td (of ) Tj ET Q q 0 0 0 rg BT 250.36 348.00 Td (any ) Tj ET Q q 0 0 0 rg BT 263.60 348.00 Td (consideration ) Tj ET Q q 0 0 0 rg BT 308.38 348.00 Td (for ) Tj ET Q q 0 0 0 rg BT 319.39 348.00 Td (the ) Tj ET Q q 0 0 0 rg BT 330.85 348.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 373.40 348.00 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 407.52 348.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 427.42 348.00 Td (Units, ) Tj ET Q q 0 0 0 rg BT 448.44 348.00 Td (and ) Tj ET Q q 0 0 0 rg BT 461.68 348.00 Td (the ) Tj ET Q q 0 0 0 rg BT 473.13 348.00 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 500.13 348.00 Td (will ) Tj ET Q q 0 0 0 rg BT 514.26 348.00 Td (have ) Tj ET Q q 0 0 0 rg BT 531.05 348.00 Td (no ) Tj ET Q q 0 0 0 rg BT 540.73 348.00 Td (further ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 338.40 Td (right, ) Tj ET Q q 0 0 0 rg BT 153.61 338.40 Td (title ) Tj ET Q q 0 0 0 rg BT 168.05 338.40 Td (or ) Tj ET Q q 0 0 0 rg BT 176.71 338.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 202.26 338.40 Td (in ) Tj ET Q q 0 0 0 rg BT 210.48 338.40 Td (or ) Tj ET Q q 0 0 0 rg BT 219.15 338.40 Td (to ) Tj ET Q q 0 0 0 rg BT 227.37 338.40 Td (such ) Tj ET Q q 0 0 0 rg BT 244.04 338.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 286.90 338.40 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 321.34 338.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 341.56 338.40 Td (Units ) Tj ET Q q 0 0 0 rg BT 360.89 338.40 Td (or ) Tj ET Q q 0 0 0 rg BT 369.56 338.40 Td (the ) Tj ET Q q 0 0 0 rg BT 381.33 338.40 Td (underlying ) Tj ET Q q 0 0 0 rg BT 417.99 338.40 Td (shares.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 316.80 Td (\(c\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 134.5 315.73359375 m 194.484375 315.73359375 l s q 0 0 0 rg BT 134.50 316.80 Td (Death ) Tj ET Q q 0 0 0 rg BT 155.06 316.80 Td (or ) Tj ET Q q 0 0 0 rg BT 163.19 316.80 Td (Disability) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.22 316.80 Td (. ) Tj ET Q q 0 0 0 rg BT 197.69 316.80 Td ( ) Tj ET Q q 0 0 0 rg BT 199.15 316.80 Td (In ) Tj ET Q q 0 0 0 rg BT 207.27 316.80 Td (the ) Tj ET Q q 0 0 0 rg BT 218.51 316.80 Td (event ) Tj ET Q q 0 0 0 rg BT 237.30 316.80 Td (the ) Tj ET Q q 0 0 0 rg BT 248.53 316.80 Td (Grantee) Tj ET Q q 0 0 0 rg BT 276.07 316.80 Td (s ) Tj ET Q q 0 0 0 rg BT 280.65 316.80 Td (Service ) Tj ET Q q 0 0 0 rg BT 306.10 316.80 Td (ceases ) Tj ET Q q 0 0 0 rg BT 327.99 316.80 Td (due ) Tj ET Q q 0 0 0 rg BT 341.00 316.80 Td (to ) Tj ET Q q 0 0 0 rg BT 348.68 316.80 Td (the ) Tj ET Q q 0 0 0 rg BT 359.92 316.80 Td (Grantee) Tj ET Q q 0 0 0 rg BT 387.46 316.80 Td (s ) Tj ET Q q 0 0 0 rg BT 392.03 316.80 Td (death ) Tj ET Q q 0 0 0 rg BT 410.82 316.80 Td (or ) Tj ET Q q 0 0 0 rg BT 418.95 316.80 Td (termination ) Tj ET Q q 0 0 0 rg BT 457.29 316.80 Td (by ) Tj ET Q q 0 0 0 rg BT 466.75 316.80 Td (the ) Tj ET Q q 0 0 0 rg BT 477.98 316.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 510.56 316.80 Td (due ) Tj ET Q q 0 0 0 rg BT 523.57 316.80 Td (to ) Tj ET Q q 0 0 0 rg BT 531.25 316.80 Td (disability) Tj ET Q q 0 0 0 rg BT 560.51 316.80 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 307.20 Td (the ) Tj ET Q q 0 0 0 rg BT 146.60 307.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 189.35 307.20 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 227.22 307.20 Td (on ) Tj ET Q q 0 0 0 rg BT 237.55 307.20 Td (the ) Tj ET Q q 0 0 0 rg BT 249.48 307.20 Td (T) Tj ET Q q 0 0 0 rg BT 253.81 307.20 Td (ar) Tj ET Q q 0 0 0 rg BT 259.88 307.20 Td (get ) Tj ET Q q 0 0 0 rg BT 271.98 307.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 298.30 307.20 Td (of ) Tj ET Q q 0 0 0 rg BT 307.29 307.20 Td (Performance ) Tj ET Q q 0 0 0 rg BT 350.49 307.20 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 385.25 307.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 405.80 307.20 Td (Units ) Tj ET Q q 0 0 0 rg BT 425.46 307.20 Td (that ) Tj ET Q q 0 0 0 rg BT 439.78 307.20 Td (have ) Tj ET Q q 0 0 0 rg BT 457.21 307.20 Td (not ) Tj ET Q q 0 0 0 rg BT 469.76 307.20 Td (previously ) Tj ET Q q 0 0 0 rg BT 505.86 307.20 Td (vested ) Tj ET Q q 0 0 0 rg BT 528.63 307.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 546.06 307.20 Td (lapse ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 297.60 Td (and ) Tj ET Q q 0 0 0 rg BT 147.29 297.60 Td (such ) Tj ET Q q 0 0 0 rg BT 163.19 297.60 Td (Performance ) Tj ET Q q 0 0 0 rg BT 205.29 297.60 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 238.96 297.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 258.42 297.60 Td (Units ) Tj ET Q q 0 0 0 rg BT 276.99 297.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 293.34 297.60 Td (become ) Tj ET Q q 0 0 0 rg BT 319.45 297.60 Td (fully ) Tj ET Q q 0 0 0 rg BT 335.79 297.60 Td (vested ) Tj ET Q q 0 0 0 rg BT 357.47 297.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 374.71 297.60 Td (such ) Tj ET Q q 0 0 0 rg BT 390.61 297.60 Td (cessation. ) Tj ET Q q 0 0 0 rg BT 423.17 297.60 Td ( ) Tj ET Q q 0 0 0 rg BT 424.40 297.60 Td (For ) Tj ET Q q 0 0 0 rg BT 436.75 297.60 Td (purposes ) Tj ET Q q 0 0 0 rg BT 466.43 297.60 Td (of ) Tj ET Q q 0 0 0 rg BT 474.33 297.60 Td (this ) Tj ET Q q 0 0 0 rg BT 486.85 297.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 525.63 297.60 Td (disability ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 288.00 Td (means ) Tj ET Q q 0 0 0 rg BT 156.23 288.00 Td (the ) Tj ET Q q 0 0 0 rg BT 167.30 288.00 Td (Grantee) Tj ET Q q 0 0 0 rg BT 194.84 288.00 Td (s ) Tj ET Q q 0 0 0 rg BT 199.25 288.00 Td (inability ) Tj ET Q q 0 0 0 rg BT 227.21 288.00 Td (to ) Tj ET Q q 0 0 0 rg BT 234.73 288.00 Td (perform ) Tj ET Q q 0 0 0 rg BT 261.80 288.00 Td (the ) Tj ET Q q 0 0 0 rg BT 272.87 288.00 Td (duties ) Tj ET Q q 0 0 0 rg BT 293.27 288.00 Td (and ) Tj ET Q q 0 0 0 rg BT 306.12 288.00 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 355.86 288.00 Td (required ) Tj ET Q q 0 0 0 rg BT 383.81 288.00 Td (of ) Tj ET Q q 0 0 0 rg BT 391.77 288.00 Td (the ) Tj ET Q q 0 0 0 rg BT 402.84 288.00 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 429.45 288.00 Td (by ) Tj ET Q q 0 0 0 rg BT 438.75 288.00 Td (reason ) Tj ET Q q 0 0 0 rg BT 460.93 288.00 Td (of ) Tj ET Q q 0 0 0 rg BT 468.89 288.00 Td (a ) Tj ET Q q 0 0 0 rg BT 473.73 288.00 Td (physical ) Tj ET Q q 0 0 0 rg BT 501.69 288.00 Td (or ) Tj ET Q q 0 0 0 rg BT 509.65 288.00 Td (mental ) Tj ET Q q 0 0 0 rg BT 532.72 288.00 Td (disability ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 278.40 Td (or ) Tj ET Q q 0 0 0 rg BT 142.84 278.40 Td (infirmity ) Tj ET Q q 0 0 0 rg BT 172.95 278.40 Td (which ) Tj ET Q q 0 0 0 rg BT 194.18 278.40 Td (has ) Tj ET Q q 0 0 0 rg BT 206.52 278.40 Td (continued ) Tj ET Q q 0 0 0 rg BT 239.74 278.40 Td (for ) Tj ET Q q 0 0 0 rg BT 250.74 278.40 Td (more ) Tj ET Q q 0 0 0 rg BT 268.85 278.40 Td (than ) Tj ET Q q 0 0 0 rg BT 284.30 278.40 Td (one ) Tj ET Q q 0 0 0 rg BT 297.52 278.40 Td (hundred ) Tj ET Q q 0 0 0 rg BT 325.41 278.40 Td (and ) Tj ET Q q 0 0 0 rg BT 338.63 278.40 Td (twenty ) Tj ET Q q 0 0 0 rg BT 362.08 278.40 Td (\(120\) ) Tj ET Q q 0 0 0 rg BT 381.08 278.40 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 420.52 278.40 Td (calendar ) Tj ET Q q 0 0 0 rg BT 449.28 278.40 Td (days ) Tj ET Q q 0 0 0 rg BT 465.62 278.40 Td (in ) Tj ET Q q 0 0 0 rg BT 473.52 278.40 Td (any ) Tj ET Q q 0 0 0 rg BT 486.74 278.40 Td (twelve ) Tj ET Q q 0 0 0 rg BT 509.74 278.40 Td (\(12\) ) Tj ET Q q 0 0 0 rg BT 524.74 278.40 Td (consecutive ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 268.80 Td (month ) Tj ET Q q 0 0 0 rg BT 156.95 268.80 Td (period, ) Tj ET Q q 0 0 0 rg BT 181.38 268.80 Td (as ) Tj ET Q q 0 0 0 rg BT 190.05 268.80 Td (determined ) Tj ET Q q 0 0 0 rg BT 228.03 268.80 Td (by ) Tj ET Q q 0 0 0 rg BT 238.03 268.80 Td (the ) Tj ET Q q 0 0 0 rg BT 249.80 268.80 Td (Committee.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 247.20 Td (\(d\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 134.5 246.13359375000005 m 217.49853515625 246.13359375000005 l s q 0 0 0 rg BT 134.50 247.20 Td (Additional ) Tj ET Q q 0 0 0 rg BT 170.17 247.20 Td (V) Tj ET Q q 0 0 0 rg BT 175.06 247.20 Td (esting ) Tj ET Q q 0 0 0 rg BT 195.73 247.20 Td (Events) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 217.50 247.20 Td (. ) Tj ET Q q 0 0 0 rg BT 221.06 247.20 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 275.95 247.20 Td (any ) Tj ET Q q 0 0 0 rg BT 289.06 247.20 Td (other ) Tj ET Q q 0 0 0 rg BT 307.06 247.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 338.84 247.20 Td (of ) Tj ET Q q 0 0 0 rg BT 347.06 247.20 Td (this ) Tj ET Q q 0 0 0 rg BT 359.84 247.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 396.94 247.20 Td (or ) Tj ET Q q 0 0 0 rg BT 405.16 247.20 Td (the ) Tj ET Q q 0 0 0 rg BT 416.49 247.20 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 433.93 247.20 Td (A) Tj ET Q q 0 0 0 rg BT 438.97 247.20 Td (wards ) Tj ET Q q 0 0 0 rg BT 459.64 247.20 Td (of ) Tj ET Q q 0 0 0 rg BT 467.86 247.20 Td (Performance ) Tj ET Q q 0 0 0 rg BT 510.29 247.20 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 544.28 247.20 Td (Stock ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 237.60 Td (Units ) Tj ET Q q 0 0 0 rg BT 153.87 237.60 Td (that ) Tj ET Q q 0 0 0 rg BT 167.90 237.60 Td (have ) Tj ET Q q 0 0 0 rg BT 185.04 237.60 Td (not ) Tj ET Q q 0 0 0 rg BT 197.30 237.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 233.11 237.60 Td (vested ) Tj ET Q q 0 0 0 rg BT 255.58 237.60 Td (will ) Tj ET Q q 0 0 0 rg BT 270.06 237.60 Td (vest ) Tj ET Q q 0 0 0 rg BT 284.98 237.60 Td (in ) Tj ET Q q 0 0 0 rg BT 293.24 237.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 331.24 237.60 Td (with ) Tj ET Q q 0 0 0 rg BT 347.50 237.60 Td (the ) Tj ET Q q 0 0 0 rg BT 359.31 237.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 394.68 237.60 Td (of ) Tj ET Q q 0 0 0 rg BT 402.93 237.60 Td (Annex ) Tj ET Q q 0 0 0 rg BT 426.29 237.60 Td (B ) Tj ET Q q 0 0 0 rg BT 433.66 237.60 Td (in ) Tj ET Q q 0 0 0 rg BT 441.92 237.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 479.05 237.60 Td (with ) Tj ET Q q 0 0 0 rg BT 495.31 237.60 Td (a ) Tj ET Q q 0 0 0 rg BT 500.90 237.60 Td (Change ) Tj ET Q q 0 0 0 rg BT 527.37 237.60 Td (of ) Tj ET Q q 0 0 0 rg BT 536.07 237.60 Td (Control, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 228.00 Td (a ) Tj ET Q q 0 0 0 rg BT 140.05 228.00 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 171.38 228.00 Td (Event, ) Tj ET Q q 0 0 0 rg BT 194.04 228.00 Td (an ) Tj ET Q q 0 0 0 rg BT 203.59 228.00 Td (L) Tj ET Q q 0 0 0 rg BT 207.75 228.00 Td (TIP) Tj ET Q q 0 0 0 rg BT 219.45 228.00 Td ( ) Tj ET Q q 0 0 0 rg BT 221.45 228.00 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 260.34 228.00 Td (Event ) Tj ET Q q 0 0 0 rg BT 281.00 228.00 Td (or ) Tj ET Q q 0 0 0 rg BT 289.67 228.00 Td (a ) Tj ET Q q 0 0 0 rg BT 295.22 228.00 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 331.73 228.00 Td (T) Tj ET Q q 0 0 0 rg BT 336.06 228.00 Td (ermination ) Tj ET Q q 0 0 0 rg BT 372.72 228.00 Td (Event ) Tj ET Q q 0 0 0 rg BT 393.38 228.00 Td (\(in ) Tj ET Q q 0 0 0 rg BT 404.27 228.00 Td (each ) Tj ET Q q 0 0 0 rg BT 420.92 228.00 Td (case ) Tj ET Q q 0 0 0 rg BT 436.68 228.00 Td (as ) Tj ET Q q 0 0 0 rg BT 445.35 228.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 471.34 228.00 Td (in ) Tj ET Q q 0 0 0 rg BT 479.12 228.00 Td (Annex ) Tj ET Q q 0 0 0 rg BT 502.45 228.00 Td (B\). ) Tj ET Q q 0 0 0 rg BT 514.45 228.00 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 206.40 Td (3. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 205.14804687499998 m 252.94921875 205.14804687499998 l s q 0 0 0 rg BT 103.50 206.40 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 141.93 206.40 Td (of ) Tj ET Q q 0 0 0 rg BT 150.59 206.40 Td (the ) Tj ET Q q 0 0 0 rg BT 162.82 206.40 Td (A) Tj ET Q q 0 0 0 rg BT 168.00 206.40 Td (ward; ) Tj ET Q q 0 0 0 rg BT 190.44 206.40 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 221.32 206.40 Td (of ) Tj ET Q q 0 0 0 rg BT 229.98 206.40 Td (Shar) Tj ET Q q 0 0 0 rg BT 246.29 206.40 Td (es) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.95 206.40 Td (. ) Tj ET Q q 0 0 0 rg BT 256.95 206.40 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 184.80 Td (\(a\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 134.5 183.73359374999995 m 195.03125 183.73359374999995 l s q 0 0 0 rg BT 134.50 184.80 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 164.76 184.80 Td (of ) Tj ET Q q 0 0 0 rg BT 173.70 184.80 Td (Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.03 184.80 Td (. ) Tj ET Q q 0 0 0 rg BT 199.31 184.80 Td (Subject ) Tj ET Q q 0 0 0 rg BT 225.58 184.80 Td (to ) Tj ET Q q 0 0 0 rg BT 234.08 184.80 Td (Sections ) Tj ET Q q 0 0 0 rg BT 263.46 184.80 Td (5, ) Tj ET Q q 0 0 0 rg BT 271.74 184.80 Td (7 ) Tj ET Q q 0 0 0 rg BT 278.01 184.80 Td (and ) Tj ET Q q 0 0 0 rg BT 291.84 184.80 Td (8, ) Tj ET Q q 0 0 0 rg BT 300.11 184.80 Td (the ) Tj ET Q q 0 0 0 rg BT 312.16 184.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 345.55 184.80 Td (shall ) Tj ET Q q 0 0 0 rg BT 362.93 184.80 Td (issue ) Tj ET Q q 0 0 0 rg BT 381.21 184.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 403.47 184.80 Td (of ) Tj ET Q q 0 0 0 rg BT 412.41 184.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 431.52 184.80 Td (A) Tj ET Q q 0 0 0 rg BT 436.86 184.80 Td ( ) Tj ET Q q 0 0 0 rg BT 439.13 184.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 471.19 184.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 491.69 184.80 Td (within ) Tj ET Q q 0 0 0 rg BT 514.41 184.80 Td (sixty ) Tj ET Q q 0 0 0 rg BT 532.24 184.80 Td (\(60\) ) Tj ET Q q 0 0 0 rg BT 547.85 184.80 Td (days ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 175.20 Td (following ) Tj ET Q q 0 0 0 rg BT 167.61 175.20 Td (the ) Tj ET Q q 0 0 0 rg BT 179.38 175.20 Td (vesting ) Tj ET Q q 0 0 0 rg BT 204.49 175.20 Td (of ) Tj ET Q q 0 0 0 rg BT 213.16 175.20 Td (the ) Tj ET Q q 0 0 0 rg BT 224.49 175.20 Td (A) Tj ET Q q 0 0 0 rg BT 229.53 175.20 Td (ward ) Tj ET Q q 0 0 0 rg BT 247.52 175.20 Td (or ) Tj ET Q q 0 0 0 rg BT 256.19 175.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 281.30 175.20 Td (thereof. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 106.50 153.60 Td (\(b\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 134.5 152.53359375000002 m 207.583984375 152.53359375000002 l s q 0 0 0 rg BT 134.50 153.60 Td (Book-entry ) Tj ET Q q 0 0 0 rg BT 173.37 153.60 Td (Settlement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.58 153.60 Td (. ) Tj ET Q q 0 0 0 rg BT 212.02 153.60 Td ( ) Tj ET Q q 0 0 0 rg BT 214.45 153.60 Td (Upon ) Tj ET Q q 0 0 0 rg BT 234.66 153.60 Td (issuance ) Tj ET Q q 0 0 0 rg BT 264.19 153.60 Td (of ) Tj ET Q q 0 0 0 rg BT 273.29 153.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 295.71 153.60 Td (of ) Tj ET Q q 0 0 0 rg BT 304.80 153.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 324.04 153.60 Td (A) Tj ET Q q 0 0 0 rg BT 329.37 153.60 Td ( ) Tj ET Q q 0 0 0 rg BT 331.80 153.60 Td (Common ) Tj ET Q q 0 0 0 rg BT 364.02 153.60 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 386.67 153.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.88 153.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 432.42 153.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 449.96 153.60 Td (name ) Tj ET Q q 0 0 0 rg BT 469.71 153.60 Td (the ) Tj ET Q q 0 0 0 rg BT 481.92 153.60 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 509.67 153.60 Td (as ) Tj ET Q q 0 0 0 rg BT 518.76 153.60 Td (the ) Tj ET Q q 0 0 0 rg BT 530.97 153.60 Td (registered ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.50 144.00 Td (holder ) Tj ET Q q 0 0 0 rg BT 156.94 144.00 Td (of ) Tj ET Q q 0 0 0 rg BT 165.60 144.00 Td (such ) Tj ET Q q 0 0 0 rg BT 182.27 144.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 204.26 144.00 Td (in ) Tj ET Q q 0 0 0 rg BT 212.48 144.00 Td (the ) Tj ET Q q 0 0 0 rg BT 224.25 144.00 Td (Company) Tj ET Q q 0 0 0 rg BT 257.59 144.00 Td (s ) Tj ET Q q 0 0 0 rg BT 262.70 144.00 Td (share ) Tj ET Q q 0 0 0 rg BT 281.58 144.00 Td (register) Tj ET Q q 0 0 0 rg BT 305.13 144.00 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 122.40 Td (4. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 121.14804687499998 m 251.66796875 121.14804687499998 l s q 0 0 0 rg BT 103.50 122.40 Td (Adjustments ) Tj ET Q q 0 0 0 rg BT 149.58 122.40 Td (for) Tj ET Q q 0 0 0 rg BT 159.65 122.40 Td ( ) Tj ET Q q 0 0 0 rg BT 162.17 122.40 Td (Changes ) Tj ET Q q 0 0 0 rg BT 194.03 122.40 Td (in ) Tj ET Q q 0 0 0 rg BT 203.22 122.40 Td (Capitalization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.67 122.40 Td (. ) Tj ET Q q 0 0 0 rg BT 256.19 122.40 Td ( ) Tj ET Q q 0 0 0 rg BT 258.71 122.40 Td (In ) Tj ET Q q 0 0 0 rg BT 267.89 122.40 Td (the ) Tj ET Q q 0 0 0 rg BT 280.19 122.40 Td (event ) Tj ET Q q 0 0 0 rg BT 300.03 122.40 Td (the ) Tj ET Q q 0 0 0 rg BT 312.33 122.40 Td (Committee ) Tj ET Q q 0 0 0 rg BT 350.40 122.40 Td (makes ) Tj ET Q q 0 0 0 rg BT 373.36 122.40 Td (any ) Tj ET Q q 0 0 0 rg BT 387.43 122.40 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 425.05 122.40 Td (to ) Tj ET Q q 0 0 0 rg BT 433.80 122.40 Td (the ) Tj ET Q q 0 0 0 rg BT 446.09 122.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 489.48 122.40 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 524.43 122.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 545.17 122.40 Td (Units ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 112.80 Td (underlying ) Tj ET Q q 0 0 0 rg BT 140.89 112.80 Td (the ) Tj ET Q q 0 0 0 rg BT 152.79 112.80 Td (A) Tj ET Q q 0 0 0 rg BT 157.83 112.80 Td (ward ) Tj ET Q q 0 0 0 rg BT 176.55 112.80 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 206.82 112.80 Td (to ) Tj ET Q q 0 0 0 rg BT 215.77 112.80 Td (the ) Tj ET Q q 0 0 0 rg BT 228.27 112.80 Td (Plan ) Tj ET Q q 0 0 0 rg BT 245.22 112.80 Td (following ) Tj ET Q q 0 0 0 rg BT 279.06 112.80 Td (a ) Tj ET Q q 0 0 0 rg BT 285.34 112.80 Td (change ) Tj ET Q q 0 0 0 rg BT 310.71 112.80 Td (of ) Tj ET Q q 0 0 0 rg BT 320.11 112.80 Td (capitalization, ) Tj ET Q q 0 0 0 rg BT 367.92 112.80 Td (any ) Tj ET Q q 0 0 0 rg BT 382.20 112.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 416.92 112.80 Td (Performance ) Tj ET Q q 0 0 0 rg BT 460.51 112.80 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 495.67 112.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 516.62 112.80 Td (Units ) Tj ET Q q 0 0 0 rg BT 536.68 112.80 Td (or ) Tj ET Q q 0 0 0 rg BT 546.07 112.80 Td (other ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 103.20 Td (property ) Tj ET Q q 0 0 0 rg BT 133.03 103.20 Td (that ) Tj ET Q q 0 0 0 rg BT 147.46 103.20 Td (become ) Tj ET Q q 0 0 0 rg BT 174.77 103.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 199.86 103.20 Td (to ) Tj ET Q q 0 0 0 rg BT 208.51 103.20 Td (the ) Tj ET Q q 0 0 0 rg BT 220.18 103.20 Td (A) Tj ET Q q 0 0 0 rg BT 225.23 103.20 Td (ward ) Tj ET Q q 0 0 0 rg BT 243.65 103.20 Td (will, ) Tj ET Q q 0 0 0 rg BT 260.53 103.20 Td (unless ) Tj ET Q q 0 0 0 rg BT 282.96 103.20 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 316.49 103.20 Td (determined ) Tj ET Q q 0 0 0 rg BT 354.91 103.20 Td (by ) Tj ET Q q 0 0 0 rg BT 365.34 103.20 Td (the ) Tj ET Q q 0 0 0 rg BT 377.54 103.20 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 417.53 103.20 Td (be ) Tj ET Q q 0 0 0 rg BT 427.51 103.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 452.60 103.20 Td (to ) Tj ET Q q 0 0 0 rg BT 461.25 103.20 Td (the ) Tj ET Q q 0 0 0 rg BT 473.46 103.20 Td (same ) Tj ET Q q 0 0 0 rg BT 492.33 103.20 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 524.96 103.20 Td (restrictions, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 93.60 Td (delivery ) Tj ET Q q 0 0 0 rg BT 132.50 93.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 177.05 93.60 Td (and ) Tj ET Q q 0 0 0 rg BT 191.39 93.60 Td (other ) Tj ET Q q 0 0 0 rg BT 210.61 93.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 246.74 93.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.19 93.60 Td (this ) Tj ET Q q 0 0 0 rg BT 269.92 93.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 308.25 93.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 343.91 93.60 Td (to ) Tj ET Q q 0 0 0 rg BT 352.92 93.60 Td (Performance ) Tj ET Q q 0 0 0 rg BT 396.57 93.60 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 431.79 93.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 452.81 93.60 Td (Units ) Tj ET Q q 0 0 0 rg BT 472.93 93.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 510.38 93.60 Td (this ) Tj ET Q q 0 0 0 rg BT 524.11 93.60 Td (A) Tj ET Q q 0 0 0 rg BT 529.15 93.60 Td (ward. ) Tj ET Q q 0 0 0 rg BT 549.93 93.60 Td ( ) Tj ET Q q 0 0 0 rg BT 552.72 93.60 Td (No ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 84.00 Td (fractional ) Tj ET Q q 0 0 0 rg BT 136.09 84.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 158.03 84.00 Td (or ) Tj ET Q q 0 0 0 rg BT 166.64 84.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 186.81 84.00 Td (to ) Tj ET Q q 0 0 0 rg BT 194.98 84.00 Td (fractional ) Tj ET Q q 0 0 0 rg BT 227.58 84.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 249.51 84.00 Td (of ) Tj ET Q q 0 0 0 rg BT 258.13 84.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 276.98 84.00 Td (A) Tj ET Q q 0 0 0 rg BT 282.31 84.00 Td ( ) Tj ET Q q 0 0 0 rg BT 284.26 84.00 Td (Common ) Tj ET Q q 0 0 0 rg BT 315.99 84.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 336.16 84.00 Td (will ) Tj ET Q q 0 0 0 rg BT 350.55 84.00 Td (be ) Tj ET Q q 0 0 0 rg BT 360.04 84.00 Td (created ) Tj ET Q q 0 0 0 rg BT 385.08 84.00 Td (or ) Tj ET Q q 0 0 0 rg BT 393.69 84.00 Td (issued. ) Tj ET Q q 0 0 0 rg BT 417.21 84.00 Td (Any ) Tj ET Q q 0 0 0 rg BT 432.93 84.00 Td (fraction ) Tj ET Q q 0 0 0 rg BT 459.75 84.00 Td (of ) Tj ET Q q 0 0 0 rg BT 468.36 84.00 Td (a ) Tj ET Q q 0 0 0 rg BT 473.86 84.00 Td (share ) Tj ET Q q 0 0 0 rg BT 492.69 84.00 Td (will ) Tj ET Q q 0 0 0 rg BT 507.08 84.00 Td (be ) Tj ET Q q 0 0 0 rg BT 516.57 84.00 Td (rounded ) Tj ET Q q 0 0 0 rg BT 544.74 84.00 Td (down ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 74.40 Td (to ) Tj ET Q q 0 0 0 rg BT 111.72 74.40 Td (the ) Tj ET Q q 0 0 0 rg BT 123.50 74.40 Td (nearest ) Tj ET Q q 0 0 0 rg BT 148.15 74.40 Td (whole ) Tj ET Q q 0 0 0 rg BT 169.70 74.40 Td (share.) Tj ET Q endstream endobj 193 0 obj <> endobj 194 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 741.50 Td (5. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 740.248046875 m 167.677734375 740.248046875 l s q 0 0 0 rg BT 103.50 741.50 Td (W) Tj ET Q q 0 0 0 rg BT 111.36 741.50 Td (ithholding ) Tj ET Q q 0 0 0 rg BT 148.41 741.50 Td (T) Tj ET Q q 0 0 0 rg BT 153.01 741.50 Td (axes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.68 741.50 Td (. ) Tj ET Q q 0 0 0 rg BT 171.76 741.50 Td ( ) Tj ET Q q 0 0 0 rg BT 173.83 741.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 201.23 741.50 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 248.62 741.50 Td (that ) Tj ET Q q 0 0 0 rg BT 262.70 741.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 290.09 741.50 Td (may ) Tj ET Q q 0 0 0 rg BT 305.94 741.50 Td (be ) Tj ET Q q 0 0 0 rg BT 315.57 741.50 Td (liable ) Tj ET Q q 0 0 0 rg BT 335.42 741.50 Td (for ) Tj ET Q q 0 0 0 rg BT 346.83 741.50 Td (taxes ) Tj ET Q q 0 0 0 rg BT 365.34 741.50 Td (assessed ) Tj ET Q q 0 0 0 rg BT 394.53 741.50 Td (and/or ) Tj ET Q q 0 0 0 rg BT 417.04 741.50 Td (withheld ) Tj ET Q q 0 0 0 rg BT 447.12 741.50 Td (on ) Tj ET Q q 0 0 0 rg BT 457.19 741.50 Td (the ) Tj ET Q q 0 0 0 rg BT 468.59 741.50 Td (A) Tj ET Q q 0 0 0 rg BT 473.63 741.50 Td (ward ) Tj ET Q q 0 0 0 rg BT 491.70 741.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 521.33 741.50 Td (to ) Tj ET Q q 0 0 0 rg BT 529.63 741.50 Td (applicable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 731.90 Td (federal, ) Tj ET Q q 0 0 0 rg BT 129.74 731.90 Td (state, ) Tj ET Q q 0 0 0 rg BT 148.43 731.90 Td (national ) Tj ET Q q 0 0 0 rg BT 176.23 731.90 Td (or ) Tj ET Q q 0 0 0 rg BT 184.93 731.90 Td (local ) Tj ET Q q 0 0 0 rg BT 202.50 731.90 Td (law ) Tj ET Q q 0 0 0 rg BT 216.09 731.90 Td (under ) Tj ET Q q 0 0 0 rg BT 236.33 731.90 Td (the ) Tj ET Q q 0 0 0 rg BT 248.14 731.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 283.04 731.90 Td (laws ) Tj ET Q q 0 0 0 rg BT 299.74 731.90 Td (of ) Tj ET Q q 0 0 0 rg BT 308.44 731.90 Td (the ) Tj ET Q q 0 0 0 rg BT 320.24 731.90 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 358.72 731.90 Td (where ) Tj ET Q q 0 0 0 rg BT 380.29 731.90 Td (the ) Tj ET Q q 0 0 0 rg BT 392.10 731.90 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 419.45 731.90 Td (is ) Tj ET Q q 0 0 0 rg BT 426.81 731.90 Td (resident ) Tj ET Q q 0 0 0 rg BT 454.17 731.90 Td (or ) Tj ET Q q 0 0 0 rg BT 462.87 731.90 Td (may ) Tj ET Q q 0 0 0 rg BT 478.67 731.90 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 511.81 731.90 Td (be ) Tj ET Q q 0 0 0 rg BT 521.39 731.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 556.29 731.90 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 722.30 Td (the ) Tj ET Q q 0 0 0 rg BT 114.97 722.30 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 141.98 722.30 Td (in ) Tj ET Q q 0 0 0 rg BT 149.90 722.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 174.24 722.30 Td (of ) Tj ET Q q 0 0 0 rg BT 182.60 722.30 Td (the ) Tj ET Q q 0 0 0 rg BT 194.07 722.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 236.63 722.30 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 270.76 722.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 290.67 722.30 Td (Units ) Tj ET Q q 0 0 0 rg BT 309.71 722.30 Td (or ) Tj ET Q q 0 0 0 rg BT 318.06 722.30 Td (the ) Tj ET Q q 0 0 0 rg BT 329.53 722.30 Td (issuance ) Tj ET Q q 0 0 0 rg BT 358.33 722.30 Td (of ) Tj ET Q q 0 0 0 rg BT 366.69 722.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 388.37 722.30 Td (of ) Tj ET Q q 0 0 0 rg BT 396.73 722.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 415.39 722.30 Td (A) Tj ET Q q 0 0 0 rg BT 420.72 722.30 Td ( ) Tj ET Q q 0 0 0 rg BT 422.42 722.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 453.89 722.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 473.81 722.30 Td (underlying ) Tj ET Q q 0 0 0 rg BT 510.16 722.30 Td (the ) Tj ET Q q 0 0 0 rg BT 521.63 722.30 Td (Performance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 712.70 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 137.93 712.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 158.16 712.70 Td (Units. ) Tj ET Q q 0 0 0 rg BT 179.49 712.70 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 691.10 Td (\(a\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 121.5 690.03359375 m 219.8408203125 690.03359375 l s q 0 0 0 rg BT 121.50 691.10 Td (Amount ) Tj ET Q q 0 0 0 rg BT 150.10 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.97 691.10 Td (W) Tj ET Q q 0 0 0 rg BT 166.20 691.10 Td (ithholding ) Tj ET Q q 0 0 0 rg BT 201.30 691.10 Td (T) Tj ET Q q 0 0 0 rg BT 205.63 691.10 Td (axes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.84 691.10 Td (. ) Tj ET Q q 0 0 0 rg BT 224.22 691.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.60 691.10 Td (If ) Tj ET Q q 0 0 0 rg BT 234.30 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.45 691.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 279.94 691.10 Td (is ) Tj ET Q q 0 0 0 rg BT 287.66 691.10 Td (required ) Tj ET Q q 0 0 0 rg BT 316.69 691.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.29 691.10 Td (withhold ) Tj ET Q q 0 0 0 rg BT 356.11 691.10 Td (any ) Tj ET Q q 0 0 0 rg BT 370.04 691.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 396.41 691.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.01 691.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 442.49 691.10 Td (with ) Tj ET Q q 0 0 0 rg BT 459.09 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.24 691.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 496.73 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.66 691.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 545.91 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 554.96 691.10 Td (an ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 681.50 Td (A) Tj ET Q q 0 0 0 rg BT 126.54 681.50 Td (ward, ) Tj ET Q q 0 0 0 rg BT 146.25 681.50 Td (the ) Tj ET Q q 0 0 0 rg BT 157.74 681.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 190.57 681.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 207.39 681.50 Td (inform ) Tj ET Q q 0 0 0 rg BT 230.88 681.50 Td (the ) Tj ET Q q 0 0 0 rg BT 242.38 681.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 269.41 681.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 286.68 681.50 Td (to ) Tj ET Q q 0 0 0 rg BT 294.62 681.50 Td (the ) Tj ET Q q 0 0 0 rg BT 306.11 681.50 Td (settlement ) Tj ET Q q 0 0 0 rg BT 340.70 681.50 Td (of ) Tj ET Q q 0 0 0 rg BT 349.08 681.50 Td (any ) Tj ET Q q 0 0 0 rg BT 362.35 681.50 Td (portion ) Tj ET Q q 0 0 0 rg BT 387.18 681.50 Td (of ) Tj ET Q q 0 0 0 rg BT 395.56 681.50 Td (the ) Tj ET Q q 0 0 0 rg BT 406.67 681.50 Td (A) Tj ET Q q 0 0 0 rg BT 411.71 681.50 Td (ward ) Tj ET Q q 0 0 0 rg BT 429.42 681.50 Td (of ) Tj ET Q q 0 0 0 rg BT 437.80 681.50 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 447.07 681.50 Td (the ) Tj ET Q q 0 0 0 rg BT 458.56 681.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 490.93 681.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 516.64 681.50 Td (of ) Tj ET Q q 0 0 0 rg BT 525.03 681.50 Td (any ) Tj ET Q q 0 0 0 rg BT 538.29 681.50 Td (federal, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 671.90 Td (state, ) Tj ET Q q 0 0 0 rg BT 140.73 671.90 Td (national, ) Tj ET Q q 0 0 0 rg BT 171.07 671.90 Td (local ) Tj ET Q q 0 0 0 rg BT 189.19 671.90 Td (income ) Tj ET Q q 0 0 0 rg BT 215.31 671.90 Td (and ) Tj ET Q q 0 0 0 rg BT 229.44 671.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 272.00 671.90 Td (taxes ) Tj ET Q q 0 0 0 rg BT 291.01 671.90 Td (and ) Tj ET Q q 0 0 0 rg BT 305.13 671.90 Td (social, ) Tj ET Q q 0 0 0 rg BT 328.37 671.90 Td (health ) Tj ET Q q 0 0 0 rg BT 350.48 671.90 Td (or ) Tj ET Q q 0 0 0 rg BT 359.72 671.90 Td (national ) Tj ET Q q 0 0 0 rg BT 388.06 671.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 421.29 671.90 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 460.75 671.90 Td (, ) Tj ET Q q 0 0 0 rg BT 465.32 671.90 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.87 671.90 Td (T) Tj ET Q q 0 0 0 rg BT 473.47 671.90 Td (axes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.14 671.90 Td (\) ) Tj ET Q q 0 0 0 rg BT 496.92 671.90 Td (which ) Tj ET Q q 0 0 0 rg BT 519.05 671.90 Td (the ) Tj ET Q q 0 0 0 rg BT 531.39 671.90 Td (Company ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 662.30 Td (determines ) Tj ET Q q 0 0 0 rg BT 158.07 662.30 Td (will ) Tj ET Q q 0 0 0 rg BT 171.98 662.30 Td (be ) Tj ET Q q 0 0 0 rg BT 181.00 662.30 Td (owed ) Tj ET Q q 0 0 0 rg BT 199.80 662.30 Td (by ) Tj ET Q q 0 0 0 rg BT 209.27 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 220.51 662.30 Td (Grantee, ) Tj ET Q q 0 0 0 rg BT 249.29 662.30 Td (by ) Tj ET Q q 0 0 0 rg BT 258.76 662.30 Td (reason ) Tj ET Q q 0 0 0 rg BT 281.11 662.30 Td (of ) Tj ET Q q 0 0 0 rg BT 289.24 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 300.48 662.30 Td (vesting ) Tj ET Q q 0 0 0 rg BT 325.06 662.30 Td (and/or ) Tj ET Q q 0 0 0 rg BT 346.97 662.30 Td (settlement ) Tj ET Q q 0 0 0 rg BT 381.32 662.30 Td (of ) Tj ET Q q 0 0 0 rg BT 389.45 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 400.37 662.30 Td (A) Tj ET Q q 0 0 0 rg BT 405.41 662.30 Td (ward ) Tj ET Q q 0 0 0 rg BT 422.87 662.30 Td (and ) Tj ET Q q 0 0 0 rg BT 435.89 662.30 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 447.13 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 458.38 662.30 Td (amount, ) Tj ET Q q 0 0 0 rg BT 485.84 662.30 Td (if ) Tj ET Q q 0 0 0 rg BT 492.20 662.30 Td (any) Tj ET Q q 0 0 0 rg BT 503.23 662.30 Td (, ) Tj ET Q q 0 0 0 rg BT 506.70 662.30 Td (that ) Tj ET Q q 0 0 0 rg BT 520.16 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 662.30 Td (Company ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 652.70 Td (or ) Tj ET Q q 0 0 0 rg BT 130.16 652.70 Td (any ) Tj ET Q q 0 0 0 rg BT 143.71 652.70 Td (of ) Tj ET Q q 0 0 0 rg BT 152.38 652.70 Td (its ) Tj ET Q q 0 0 0 rg BT 161.94 652.70 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 203.05 652.70 Td (will ) Tj ET Q q 0 0 0 rg BT 217.49 652.70 Td (be ) Tj ET Q q 0 0 0 rg BT 227.04 652.70 Td (required ) Tj ET Q q 0 0 0 rg BT 255.70 652.70 Td (to ) Tj ET Q q 0 0 0 rg BT 263.92 652.70 Td (withhold ) Tj ET Q q 0 0 0 rg BT 294.36 652.70 Td (from ) Tj ET Q q 0 0 0 rg BT 311.91 652.70 Td (the ) Tj ET Q q 0 0 0 rg BT 323.69 652.70 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 351.00 652.70 Td (by ) Tj ET Q q 0 0 0 rg BT 361.00 652.70 Td (reason ) Tj ET Q q 0 0 0 rg BT 383.88 652.70 Td (of ) Tj ET Q q 0 0 0 rg BT 392.55 652.70 Td (such ) Tj ET Q q 0 0 0 rg BT 409.21 652.70 Td (vesting ) Tj ET Q q 0 0 0 rg BT 434.32 652.70 Td (and/or ) Tj ET Q q 0 0 0 rg BT 456.76 652.70 Td (settlement. ) Tj ET Q q 0 0 0 rg BT 493.64 652.70 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 631.10 Td (\(b\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 121.5 630.03359375 m 221.2099609375 630.03359375 l s q 0 0 0 rg BT 121.50 631.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 151.73 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.47 631.10 Td (W) Tj ET Q q 0 0 0 rg BT 167.70 631.10 Td (ithholding ) Tj ET Q q 0 0 0 rg BT 202.67 631.10 Td (T) Tj ET Q q 0 0 0 rg BT 207.00 631.10 Td (axes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.21 631.10 Td (. ) Tj ET Q q 0 0 0 rg BT 225.28 631.10 Td (The ) Tj ET Q q 0 0 0 rg BT 239.96 631.10 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 267.51 631.10 Td (may ) Tj ET Q q 0 0 0 rg BT 283.52 631.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 306.64 631.10 Td (its ) Tj ET Q q 0 0 0 rg BT 316.44 631.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 351.12 631.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.58 631.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 384.46 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.36 631.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 434.11 631.10 Td (T) Tj ET Q q 0 0 0 rg BT 438.44 631.10 Td (axes: ) Tj ET Q q 0 0 0 rg BT 457.11 631.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 468.22 631.10 Td (by ) Tj ET Q q 0 0 0 rg BT 478.46 631.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 502.47 631.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.93 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.94 631.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 556.29 631.10 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 621.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 137.30 621.50 Td (an ) Tj ET Q q 0 0 0 rg BT 146.43 621.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 172.01 621.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 190.92 621.50 Td (to ) Tj ET Q q 0 0 0 rg BT 198.73 621.50 Td (the ) Tj ET Q q 0 0 0 rg BT 210.09 621.50 Td (withholding ) Tj ET Q q 0 0 0 rg BT 250.22 621.50 Td (T) Tj ET Q q 0 0 0 rg BT 254.55 621.50 Td (axes ) Tj ET Q q 0 0 0 rg BT 270.35 621.50 Td (no ) Tj ET Q q 0 0 0 rg BT 279.93 621.50 Td (later ) Tj ET Q q 0 0 0 rg BT 295.73 621.50 Td (than ) Tj ET Q q 0 0 0 rg BT 311.09 621.50 Td (the ) Tj ET Q q 0 0 0 rg BT 322.44 621.50 Td (date ) Tj ET Q q 0 0 0 rg BT 337.35 621.50 Td (of ) Tj ET Q q 0 0 0 rg BT 345.60 621.50 Td (settlement ) Tj ET Q q 0 0 0 rg BT 380.06 621.50 Td (of ) Tj ET Q q 0 0 0 rg BT 388.31 621.50 Td (the ) Tj ET Q q 0 0 0 rg BT 399.32 621.50 Td (A) Tj ET Q q 0 0 0 rg BT 404.36 621.50 Td (ward; ) Tj ET Q q 0 0 0 rg BT 424.16 621.50 Td (or ) Tj ET Q q 0 0 0 rg BT 432.41 621.50 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 443.32 621.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 467.57 621.50 Td (to ) Tj ET Q q 0 0 0 rg BT 475.37 621.50 Td (compliance ) Tj ET Q q 0 0 0 rg BT 513.83 621.50 Td (with ) Tj ET Q q 0 0 0 rg BT 529.63 621.50 Td (applicable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 611.90 Td (law ) Tj ET Q q 0 0 0 rg BT 134.62 611.90 Td (and ) Tj ET Q q 0 0 0 rg BT 147.73 611.90 Td (the ) Tj ET Q q 0 0 0 rg BT 159.07 611.90 Td (Company) Tj ET Q q 0 0 0 rg BT 192.41 611.90 Td (s ) Tj ET Q q 0 0 0 rg BT 197.09 611.90 Td (Insider ) Tj ET Q q 0 0 0 rg BT 220.75 611.90 Td (T) Tj ET Q q 0 0 0 rg BT 225.36 611.90 Td (rading ) Tj ET Q q 0 0 0 rg BT 247.36 611.90 Td (Policy) Tj ET Q q 0 0 0 rg BT 267.29 611.90 Td (, ) Tj ET Q q 0 0 0 rg BT 270.86 611.90 Td (by ) Tj ET Q q 0 0 0 rg BT 280.42 611.90 Td (delivering ) Tj ET Q q 0 0 0 rg BT 314.42 611.90 Td (to ) Tj ET Q q 0 0 0 rg BT 322.21 611.90 Td (the ) Tj ET Q q 0 0 0 rg BT 333.55 611.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 366.23 611.90 Td (an ) Tj ET Q q 0 0 0 rg BT 375.34 611.90 Td (instruction ) Tj ET Q q 0 0 0 rg BT 411.13 611.90 Td (to ) Tj ET Q q 0 0 0 rg BT 418.92 611.90 Td (a ) Tj ET Q q 0 0 0 rg BT 424.04 611.90 Td (broker ) Tj ET Q q 0 0 0 rg BT 446.48 611.90 Td (approved ) Tj ET Q q 0 0 0 rg BT 477.81 611.90 Td (by ) Tj ET Q q 0 0 0 rg BT 487.38 611.90 Td (the ) Tj ET Q q 0 0 0 rg BT 498.72 611.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 531.39 611.90 Td (providing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 602.30 Td (for ) Tj ET Q q 0 0 0 rg BT 132.81 602.30 Td (the ) Tj ET Q q 0 0 0 rg BT 144.57 602.30 Td (assignment ) Tj ET Q q 0 0 0 rg BT 182.55 602.30 Td (of ) Tj ET Q q 0 0 0 rg BT 191.20 602.30 Td (the ) Tj ET Q q 0 0 0 rg BT 202.95 602.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 233.37 602.30 Td (from ) Tj ET Q q 0 0 0 rg BT 250.90 602.30 Td (the ) Tj ET Q q 0 0 0 rg BT 262.66 602.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 277.08 602.30 Td (of ) Tj ET Q q 0 0 0 rg BT 285.72 602.30 Td (some ) Tj ET Q q 0 0 0 rg BT 304.59 602.30 Td (or ) Tj ET Q q 0 0 0 rg BT 313.24 602.30 Td (all ) Tj ET Q q 0 0 0 rg BT 323.22 602.30 Td (of ) Tj ET Q q 0 0 0 rg BT 331.87 602.30 Td (the ) Tj ET Q q 0 0 0 rg BT 343.63 602.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 365.60 602.30 Td (of ) Tj ET Q q 0 0 0 rg BT 374.25 602.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 393.13 602.30 Td (A) Tj ET Q q 0 0 0 rg BT 398.47 602.30 Td ( ) Tj ET Q q 0 0 0 rg BT 400.45 602.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 432.21 602.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 452.42 602.30 Td (to ) Tj ET Q q 0 0 0 rg BT 460.63 602.30 Td (be ) Tj ET Q q 0 0 0 rg BT 470.16 602.30 Td (received ) Tj ET Q q 0 0 0 rg BT 499.23 602.30 Td (on ) Tj ET Q q 0 0 0 rg BT 509.22 602.30 Td (the ) Tj ET Q q 0 0 0 rg BT 520.97 602.30 Td (settlement ) Tj ET Q q 0 0 0 rg BT 555.84 602.30 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 592.70 Td (an ) Tj ET Q q 0 0 0 rg BT 130.83 592.70 Td (A) Tj ET Q q 0 0 0 rg BT 135.88 592.70 Td (ward. ) Tj ET Q q 0 0 0 rg BT 155.99 592.70 Td (The ) Tj ET Q q 0 0 0 rg BT 170.72 592.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 204.12 592.70 Td (may ) Tj ET Q q 0 0 0 rg BT 220.18 592.70 Td (withhold ) Tj ET Q q 0 0 0 rg BT 250.92 592.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 280.31 592.70 Td (from ) Tj ET Q q 0 0 0 rg BT 298.15 592.70 Td (any ) Tj ET Q q 0 0 0 rg BT 311.99 592.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 358.72 592.70 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 392.11 592.70 Td (payable ) Tj ET Q q 0 0 0 rg BT 419.27 592.70 Td (to ) Tj ET Q q 0 0 0 rg BT 427.78 592.70 Td (the ) Tj ET Q q 0 0 0 rg BT 439.84 592.70 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 467.45 592.70 Td (by ) Tj ET Q q 0 0 0 rg BT 477.74 592.70 Td (the ) Tj ET Q q 0 0 0 rg BT 489.80 592.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 523.20 592.70 Td (or ) Tj ET Q q 0 0 0 rg BT 532.15 592.70 Td (any ) Tj ET Q q 0 0 0 rg BT 545.99 592.70 Td (of ) Tj ET Q q 0 0 0 rg BT 554.95 592.70 Td (its ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 583.10 Td (Subsidiaries, ) Tj ET Q q 0 0 0 rg BT 164.92 583.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.79 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.88 583.10 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 218.51 583.10 Td (hereby ) Tj ET Q q 0 0 0 rg BT 242.59 583.10 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 277.78 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.87 583.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 330.85 583.10 Td (from ) Tj ET Q q 0 0 0 rg BT 348.71 583.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 395.46 583.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 422.65 583.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.19 583.10 Td (Grantee, ) Tj ET Q q 0 0 0 rg BT 460.82 583.10 Td (any ) Tj ET Q q 0 0 0 rg BT 474.68 583.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 504.11 583.10 Td (required ) Tj ET Q q 0 0 0 rg BT 533.07 583.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.61 583.10 Td (satisfy ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 132.96 573.50 Td (federal, ) Tj ET Q q 0 0 0 rg BT 158.84 573.50 Td (state, ) Tj ET Q q 0 0 0 rg BT 177.18 573.50 Td (national ) Tj ET Q q 0 0 0 rg BT 204.64 573.50 Td (or ) Tj ET Q q 0 0 0 rg BT 212.98 573.50 Td (local ) Tj ET Q q 0 0 0 rg BT 230.21 573.50 Td (withholding ) Tj ET Q q 0 0 0 rg BT 270.44 573.50 Td (T) Tj ET Q q 0 0 0 rg BT 274.77 573.50 Td (ax ) Tj ET Q q 0 0 0 rg BT 284.00 573.50 Td (obligations ) Tj ET Q q 0 0 0 rg BT 321.24 573.50 Td (of ) Tj ET Q q 0 0 0 rg BT 329.59 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 341.04 573.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 373.84 573.50 Td (or ) Tj ET Q q 0 0 0 rg BT 382.18 573.50 Td (any ) Tj ET Q q 0 0 0 rg BT 395.42 573.50 Td (of ) Tj ET Q q 0 0 0 rg BT 403.76 573.50 Td (its ) Tj ET Q q 0 0 0 rg BT 413.00 573.50 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 453.80 573.50 Td (in ) Tj ET Q q 0 0 0 rg BT 461.70 573.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 498.48 573.50 Td (with ) Tj ET Q q 0 0 0 rg BT 514.39 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 525.47 573.50 Td (A) Tj ET Q q 0 0 0 rg BT 530.51 573.50 Td (ward. ) Tj ET Q q 0 0 0 rg BT 550.07 573.50 Td (The ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 563.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 154.79 563.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 172.07 563.90 Td (not ) Tj ET Q q 0 0 0 rg BT 184.47 563.90 Td (be ) Tj ET Q q 0 0 0 rg BT 194.20 563.90 Td (required ) Tj ET Q q 0 0 0 rg BT 223.02 563.90 Td (to ) Tj ET Q q 0 0 0 rg BT 231.42 563.90 Td (deliver ) Tj ET Q q 0 0 0 rg BT 255.81 563.90 Td (any ) Tj ET Q q 0 0 0 rg BT 269.54 563.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 291.70 563.90 Td (of ) Tj ET Q q 0 0 0 rg BT 300.54 563.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 319.57 563.90 Td (A) Tj ET Q q 0 0 0 rg BT 324.91 563.90 Td ( ) Tj ET Q q 0 0 0 rg BT 327.09 563.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 359.04 563.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 379.44 563.90 Td (if ) Tj ET Q q 0 0 0 rg BT 386.50 563.90 Td (it ) Tj ET Q q 0 0 0 rg BT 393.13 563.90 Td (has ) Tj ET Q q 0 0 0 rg BT 405.97 563.90 Td (not ) Tj ET Q q 0 0 0 rg BT 418.36 563.90 Td (received ) Tj ET Q q 0 0 0 rg BT 447.63 563.90 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 486.68 563.90 Td (evidence ) Tj ET Q q 0 0 0 rg BT 517.28 563.90 Td (of ) Tj ET Q q 0 0 0 rg BT 526.12 563.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 555.84 563.90 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 554.30 Td (all ) Tj ET Q q 0 0 0 rg BT 131.50 554.30 Td (withholding ) Tj ET Q q 0 0 0 rg BT 172.02 554.30 Td (T) Tj ET Q q 0 0 0 rg BT 176.35 554.30 Td (axes.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 532.70 Td (\(c\) ) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 121.5 531.63359375 m 288.7197265625 531.63359375 l s q 0 0 0 rg BT 121.50 532.70 Td (Satisfying ) Tj ET Q q 0 0 0 rg BT 155.84 532.70 Td (W) Tj ET Q q 0 0 0 rg BT 163.07 532.70 Td (ithholding ) Tj ET Q q 0 0 0 rg BT 197.85 532.70 Td (T) Tj ET Q q 0 0 0 rg BT 202.17 532.70 Td (ax ) Tj ET Q q 0 0 0 rg BT 211.76 532.70 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 251.13 532.70 Td (with ) Tj ET Q q 0 0 0 rg BT 267.39 532.70 Td (Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.72 532.70 Td (. ) Tj ET Q q 0 0 0 rg BT 292.61 532.70 Td (The ) Tj ET Q q 0 0 0 rg BT 307.08 532.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 340.23 532.70 Td (may) Tj ET Q q 0 0 0 rg BT 353.48 532.70 Td (, ) Tj ET Q q 0 0 0 rg BT 357.52 532.70 Td (in ) Tj ET Q q 0 0 0 rg BT 365.78 532.70 Td (the ) Tj ET Q q 0 0 0 rg BT 377.59 532.70 Td (discretion ) Tj ET Q q 0 0 0 rg BT 411.18 532.70 Td (of ) Tj ET Q q 0 0 0 rg BT 419.88 532.70 Td (the ) Tj ET Q q 0 0 0 rg BT 431.69 532.70 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 471.28 532.70 Td (permit ) Tj ET Q q 0 0 0 rg BT 494.20 532.70 Td (the ) Tj ET Q q 0 0 0 rg BT 506.01 532.70 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 533.36 532.70 Td (to ) Tj ET Q q 0 0 0 rg BT 541.62 532.70 Td (satisfy ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 523.10 Td (all ) Tj ET Q q 0 0 0 rg BT 131.43 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 140.02 523.10 Td (any ) Tj ET Q q 0 0 0 rg BT 153.51 523.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 178.55 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.14 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.85 523.10 Td (Company) Tj ET Q q 0 0 0 rg BT 232.18 523.10 Td (s ) Tj ET Q q 0 0 0 rg BT 237.22 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 245.82 523.10 Td (any ) Tj ET Q q 0 0 0 rg BT 259.30 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.90 523.10 Td (its ) Tj ET Q q 0 0 0 rg BT 277.39 523.10 Td (Subsidiaries) Tj ET Q q 0 0 0 rg BT 318.57 523.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.50 523.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 357.99 523.10 Td (for ) Tj ET Q q 0 0 0 rg BT 369.25 523.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 409.71 523.10 Td (T) Tj ET Q q 0 0 0 rg BT 414.03 523.10 Td (axes ) Tj ET Q q 0 0 0 rg BT 430.18 523.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.33 523.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 462.92 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.51 523.10 Td (an ) Tj ET Q q 0 0 0 rg BT 480.57 523.10 Td (A) Tj ET Q q 0 0 0 rg BT 485.61 523.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 503.54 523.10 Td (by ) Tj ET Q q 0 0 0 rg BT 513.47 523.10 Td (deducting ) Tj ET Q q 0 0 0 rg BT 546.95 523.10 Td (from ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 513.50 Td (the ) Tj ET Q q 0 0 0 rg BT 132.82 513.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 154.35 513.50 Td (of ) Tj ET Q q 0 0 0 rg BT 162.56 513.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 181.10 513.50 Td (A) Tj ET Q q 0 0 0 rg BT 186.43 513.50 Td ( ) Tj ET Q q 0 0 0 rg BT 187.98 513.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 219.30 513.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 239.07 513.50 Td (the ) Tj ET Q q 0 0 0 rg BT 250.38 513.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 277.24 513.50 Td (would ) Tj ET Q q 0 0 0 rg BT 298.78 513.50 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 331.43 513.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 356.06 513.50 Td (a ) Tj ET Q q 0 0 0 rg BT 361.16 513.50 Td (number ) Tj ET Q q 0 0 0 rg BT 387.14 513.50 Td (of ) Tj ET Q q 0 0 0 rg BT 395.34 513.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 416.88 513.50 Td (having ) Tj ET Q q 0 0 0 rg BT 440.19 513.50 Td (a ) Tj ET Q q 0 0 0 rg BT 445.29 513.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 457.93 513.50 Td (market ) Tj ET Q q 0 0 0 rg BT 481.69 513.50 Td (value ) Tj ET Q q 0 0 0 rg BT 500.55 513.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 519.42 513.50 Td (to ) Tj ET Q q 0 0 0 rg BT 527.19 513.50 Td (the ) Tj ET Q q 0 0 0 rg BT 538.50 513.50 Td (amount ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 503.90 Td (of ) Tj ET Q q 0 0 0 rg BT 130.23 503.90 Td (withholding ) Tj ET Q q 0 0 0 rg BT 170.81 503.90 Td (T) Tj ET Q q 0 0 0 rg BT 175.14 503.90 Td (axes ) Tj ET Q q 0 0 0 rg BT 191.42 503.90 Td (that ) Tj ET Q q 0 0 0 rg BT 205.48 503.90 Td (are ) Tj ET Q q 0 0 0 rg BT 217.31 503.90 Td (payable ) Tj ET Q q 0 0 0 rg BT 244.25 503.90 Td (\(using ) Tj ET Q q 0 0 0 rg BT 266.31 503.90 Td (the ) Tj ET Q q 0 0 0 rg BT 278.15 503.90 Td (maximum ) Tj ET Q q 0 0 0 rg BT 312.66 503.90 Td (statutory ) Tj ET Q q 0 0 0 rg BT 342.72 503.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 359.88 503.90 Td (of ) Tj ET Q q 0 0 0 rg BT 368.61 503.90 Td (withholding ) Tj ET Q q 0 0 0 rg BT 409.34 503.90 Td (for ) Tj ET Q q 0 0 0 rg BT 420.74 503.90 Td (purposes ) Tj ET Q q 0 0 0 rg BT 451.24 503.90 Td (of ) Tj ET Q q 0 0 0 rg BT 459.97 503.90 Td (determining ) Tj ET Q q 0 0 0 rg BT 500.69 503.90 Td (such ) Tj ET Q q 0 0 0 rg BT 517.42 503.90 Td (amount\). ) Tj ET Q q 0 0 0 rg BT 548.15 503.90 Td ( ) Tj ET Q q 0 0 0 rg BT 550.06 503.90 Td (The ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 494.30 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 147.92 494.30 Td (agrees ) Tj ET Q q 0 0 0 rg BT 169.45 494.30 Td (that ) Tj ET Q q 0 0 0 rg BT 182.55 494.30 Td (delivery ) Tj ET Q q 0 0 0 rg BT 209.86 494.30 Td (of ) Tj ET Q q 0 0 0 rg BT 217.63 494.30 Td (a ) Tj ET Q q 0 0 0 rg BT 222.28 494.30 Td (number ) Tj ET Q q 0 0 0 rg BT 247.82 494.30 Td (of ) Tj ET Q q 0 0 0 rg BT 255.59 494.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 276.68 494.30 Td (of ) Tj ET Q q 0 0 0 rg BT 284.45 494.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 302.65 494.30 Td (A) Tj ET Q q 0 0 0 rg BT 307.98 494.30 Td ( ) Tj ET Q q 0 0 0 rg BT 309.08 494.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 339.97 494.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 359.29 494.30 Td (net ) Tj ET Q q 0 0 0 rg BT 370.17 494.30 Td (of ) Tj ET Q q 0 0 0 rg BT 377.94 494.30 Td (the ) Tj ET Q q 0 0 0 rg BT 388.81 494.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 413.91 494.30 Td (deducted ) Tj ET Q q 0 0 0 rg BT 443.89 494.30 Td (for ) Tj ET Q q 0 0 0 rg BT 454.32 494.30 Td (purposes ) Tj ET Q q 0 0 0 rg BT 483.86 494.30 Td (of ) Tj ET Q q 0 0 0 rg BT 491.63 494.30 Td (satisfying ) Tj ET Q q 0 0 0 rg BT 523.84 494.30 Td (withholding ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 484.70 Td (T) Tj ET Q q 0 0 0 rg BT 125.83 484.70 Td (ax ) Tj ET Q q 0 0 0 rg BT 135.38 484.70 Td (obligations ) Tj ET Q q 0 0 0 rg BT 172.93 484.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 190.04 484.70 Td (be ) Tj ET Q q 0 0 0 rg BT 199.59 484.70 Td (full ) Tj ET Q q 0 0 0 rg BT 212.70 484.70 Td (settlement ) Tj ET Q q 0 0 0 rg BT 247.58 484.70 Td (of ) Tj ET Q q 0 0 0 rg BT 256.25 484.70 Td (the ) Tj ET Q q 0 0 0 rg BT 267.58 484.70 Td (A) Tj ET Q q 0 0 0 rg BT 272.62 484.70 Td (ward ) Tj ET Q q 0 0 0 rg BT 290.61 484.70 Td (for ) Tj ET Q q 0 0 0 rg BT 301.94 484.70 Td (all ) Tj ET Q q 0 0 0 rg BT 311.94 484.70 Td (purposes. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 463.10 Td (6. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 461.848046875 m 172.646484375 461.848046875 l s q 0 0 0 rg BT 103.50 463.10 Td (Non ) Tj ET Q q 0 0 0 rg BT 119.69 463.10 Td (T) Tj ET Q q 0 0 0 rg BT 124.43 463.10 Td (ransferability) Tj ET Q q 0 0 0 rg BT 170.65 463.10 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.65 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.76 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.87 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.98 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.94 463.10 Td (The ) Tj ET Q q 0 0 0 rg BT 195.49 463.10 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 222.92 463.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 240.14 463.10 Td (not ) Tj ET Q q 0 0 0 rg BT 252.47 463.10 Td (sell, ) Tj ET Q q 0 0 0 rg BT 267.69 463.10 Td (assign, ) Tj ET Q q 0 0 0 rg BT 291.80 463.10 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 326.12 463.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 352.66 463.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 373.87 463.10 Td (than ) Tj ET Q q 0 0 0 rg BT 389.76 463.10 Td (by ) Tj ET Q q 0 0 0 rg BT 399.87 463.10 Td (will ) Tj ET Q q 0 0 0 rg BT 414.42 463.10 Td (or ) Tj ET Q q 0 0 0 rg BT 423.20 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.08 463.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 451.86 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.63 463.10 Td (descent ) Tj ET Q q 0 0 0 rg BT 486.73 463.10 Td (or ) Tj ET Q q 0 0 0 rg BT 495.51 463.10 Td (distribution\), ) Tj ET Q q 0 0 0 rg BT 539.18 463.10 Td (pledge, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 453.50 Td (char) Tj ET Q q 0 0 0 rg BT 117.12 453.50 Td (ge, ) Tj ET Q q 0 0 0 rg BT 128.67 453.50 Td (hypothecate ) Tj ET Q q 0 0 0 rg BT 169.32 453.50 Td (or ) Tj ET Q q 0 0 0 rg BT 177.98 453.50 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 211.09 453.50 Td (dispose ) Tj ET Q q 0 0 0 rg BT 237.09 453.50 Td (of ) Tj ET Q q 0 0 0 rg BT 245.75 453.50 Td (or ) Tj ET Q q 0 0 0 rg BT 254.41 453.50 Td (encumber ) Tj ET Q q 0 0 0 rg BT 287.95 453.50 Td (the ) Tj ET Q q 0 0 0 rg BT 299.29 453.50 Td (A) Tj ET Q q 0 0 0 rg BT 304.33 453.50 Td (ward ) Tj ET Q q 0 0 0 rg BT 322.32 453.50 Td (or ) Tj ET Q q 0 0 0 rg BT 330.98 453.50 Td (the ) Tj ET Q q 0 0 0 rg BT 342.76 453.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 385.63 453.50 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 420.06 453.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 440.28 453.50 Td (Units.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 431.90 Td (7. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 430.648046875 m 184.9736328125 430.648046875 l s q 0 0 0 rg BT 103.50 431.90 Td (Rights ) Tj ET Q q 0 0 0 rg BT 127.75 431.90 Td (as ) Tj ET Q q 0 0 0 rg BT 136.88 431.90 Td (a ) Tj ET Q q 0 0 0 rg BT 142.90 431.90 Td (Shar) Tj ET Q q 0 0 0 rg BT 159.20 431.90 Td (eholder) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.97 431.90 Td (. ) Tj ET Q q 0 0 0 rg BT 188.99 431.90 Td (Neither ) Tj ET Q q 0 0 0 rg BT 215.00 431.90 Td (the ) Tj ET Q q 0 0 0 rg BT 226.79 431.90 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 254.13 431.90 Td (nor ) Tj ET Q q 0 0 0 rg BT 266.81 431.90 Td (the ) Tj ET Q q 0 0 0 rg BT 278.60 431.90 Td (Grantee) Tj ET Q q 0 0 0 rg BT 306.14 431.90 Td (s ) Tj ET Q q 0 0 0 rg BT 311.27 431.90 Td (representative ) Tj ET Q q 0 0 0 rg BT 358.15 431.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 375.28 431.90 Td (have ) Tj ET Q q 0 0 0 rg BT 392.40 431.90 Td (any ) Tj ET Q q 0 0 0 rg BT 405.97 431.90 Td (rights ) Tj ET Q q 0 0 0 rg BT 426.21 431.90 Td (as ) Tj ET Q q 0 0 0 rg BT 434.89 431.90 Td (a ) Tj ET Q q 0 0 0 rg BT 440.46 431.90 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 479.80 431.90 Td (with ) Tj ET Q q 0 0 0 rg BT 496.04 431.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 520.71 431.90 Td (to ) Tj ET Q q 0 0 0 rg BT 528.95 431.90 Td (any ) Tj ET Q q 0 0 0 rg BT 542.52 431.90 Td (shares ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 422.30 Td (of ) Tj ET Q q 0 0 0 rg BT 112.21 422.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 131.13 422.30 Td (A) Tj ET Q q 0 0 0 rg BT 136.47 422.30 Td ( ) Tj ET Q q 0 0 0 rg BT 138.51 422.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 170.33 422.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 190.60 422.30 Td (underlying ) Tj ET Q q 0 0 0 rg BT 227.30 422.30 Td (any ) Tj ET Q q 0 0 0 rg BT 240.89 422.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 283.80 422.30 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 318.28 422.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 338.54 422.30 Td (Units ) Tj ET Q q 0 0 0 rg BT 357.92 422.30 Td (until ) Tj ET Q q 0 0 0 rg BT 374.63 422.30 Td (such ) Tj ET Q q 0 0 0 rg BT 390.89 422.30 Td (A) Tj ET Q q 0 0 0 rg BT 395.93 422.30 Td (ward ) Tj ET Q q 0 0 0 rg BT 413.96 422.30 Td (or ) Tj ET Q q 0 0 0 rg BT 422.67 422.30 Td (any ) Tj ET Q q 0 0 0 rg BT 436.26 422.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 461.41 422.30 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 488.11 422.30 Td (as ) Tj ET Q q 0 0 0 rg BT 496.81 422.30 Td (the ) Tj ET Q q 0 0 0 rg BT 508.63 422.30 Td (case ) Tj ET Q q 0 0 0 rg BT 524.44 422.30 Td (may ) Tj ET Q q 0 0 0 rg BT 540.25 422.30 Td (be, ) Tj ET Q q 0 0 0 rg BT 551.85 422.30 Td (has ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 412.70 Td (vested ) Tj ET Q q 0 0 0 rg BT 126.06 412.70 Td (and ) Tj ET Q q 0 0 0 rg BT 139.73 412.70 Td (such ) Tj ET Q q 0 0 0 rg BT 156.52 412.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 178.63 412.70 Td (of ) Tj ET Q q 0 0 0 rg BT 187.42 412.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 206.41 412.70 Td (A) Tj ET Q q 0 0 0 rg BT 211.74 412.70 Td ( ) Tj ET Q q 0 0 0 rg BT 213.87 412.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 245.77 412.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 266.11 412.70 Td (have ) Tj ET Q q 0 0 0 rg BT 283.34 412.70 Td (been ) Tj ET Q q 0 0 0 rg BT 300.56 412.70 Td (issued, ) Tj ET Q q 0 0 0 rg BT 324.68 412.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 354.79 412.70 Td (in ) Tj ET Q q 0 0 0 rg BT 363.13 412.70 Td (the ) Tj ET Q q 0 0 0 rg BT 375.03 412.70 Td (records ) Tj ET Q q 0 0 0 rg BT 400.69 412.70 Td (of ) Tj ET Q q 0 0 0 rg BT 409.48 412.70 Td (the ) Tj ET Q q 0 0 0 rg BT 421.37 412.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.60 412.70 Td (or ) Tj ET Q q 0 0 0 rg BT 463.39 412.70 Td (its ) Tj ET Q q 0 0 0 rg BT 473.07 412.70 Td (transfer ) Tj ET Q q 0 0 0 rg BT 499.62 412.70 Td (agent ) Tj ET Q q 0 0 0 rg BT 519.07 412.70 Td (and ) Tj ET Q q 0 0 0 rg BT 532.74 412.70 Td (delivered ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 403.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.25 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.54 403.10 Td (Grantee. ) Tj ET Q q 0 0 0 rg BT 151.39 403.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.80 403.10 Td (The ) Tj ET Q q 0 0 0 rg BT 166.76 403.10 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 193.60 403.10 Td (must ) Tj ET Q q 0 0 0 rg BT 210.69 403.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 241.53 403.10 Td (such ) Tj ET Q q 0 0 0 rg BT 257.72 403.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 305.01 403.10 Td (documentation ) Tj ET Q q 0 0 0 rg BT 354.08 403.10 Td (required ) Tj ET Q q 0 0 0 rg BT 382.25 403.10 Td (by ) Tj ET Q q 0 0 0 rg BT 391.78 403.10 Td (this ) Tj ET Q q 0 0 0 rg BT 404.52 403.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 441.59 403.10 Td (or ) Tj ET Q q 0 0 0 rg BT 449.78 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.07 403.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 498.15 403.10 Td (before ) Tj ET Q q 0 0 0 rg BT 520.10 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 403.10 Td (Company ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 393.50 Td (may ) Tj ET Q q 0 0 0 rg BT 119.15 393.50 Td (issue ) Tj ET Q q 0 0 0 rg BT 137.02 393.50 Td (the ) Tj ET Q q 0 0 0 rg BT 148.67 393.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 170.54 393.50 Td (of ) Tj ET Q q 0 0 0 rg BT 179.08 393.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 197.88 393.50 Td (A) Tj ET Q q 0 0 0 rg BT 203.21 393.50 Td ( ) Tj ET Q q 0 0 0 rg BT 205.09 393.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 236.74 393.50 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 258.84 393.50 Td (record ) Tj ET Q q 0 0 0 rg BT 281.15 393.50 Td (such ) Tj ET Q q 0 0 0 rg BT 297.68 393.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 326.66 393.50 Td (in ) Tj ET Q q 0 0 0 rg BT 334.76 393.50 Td (the ) Tj ET Q q 0 0 0 rg BT 346.41 393.50 Td (records ) Tj ET Q q 0 0 0 rg BT 371.82 393.50 Td (of ) Tj ET Q q 0 0 0 rg BT 380.36 393.50 Td (the ) Tj ET Q q 0 0 0 rg BT 392.01 393.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 425.00 393.50 Td (or ) Tj ET Q q 0 0 0 rg BT 433.54 393.50 Td (its ) Tj ET Q q 0 0 0 rg BT 442.97 393.50 Td (transfer ) Tj ET Q q 0 0 0 rg BT 469.27 393.50 Td (agent ) Tj ET Q q 0 0 0 rg BT 488.47 393.50 Td (and ) Tj ET Q q 0 0 0 rg BT 501.90 393.50 Td (deliver ) Tj ET Q q 0 0 0 rg BT 525.98 393.50 Td (such ) Tj ET Q q 0 0 0 rg BT 542.52 393.50 Td (shares ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 383.90 Td (of ) Tj ET Q q 0 0 0 rg BT 112.36 383.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 131.41 383.90 Td (A) Tj ET Q q 0 0 0 rg BT 136.75 383.90 Td ( ) Tj ET Q q 0 0 0 rg BT 138.95 383.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 170.92 383.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 191.35 383.90 Td (to ) Tj ET Q q 0 0 0 rg BT 199.77 383.90 Td (the ) Tj ET Q q 0 0 0 rg BT 211.74 383.90 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 239.25 383.90 Td (following ) Tj ET Q q 0 0 0 rg BT 272.56 383.90 Td (a ) Tj ET Q q 0 0 0 rg BT 278.15 383.90 Td (V) Tj ET Q q 0 0 0 rg BT 283.04 383.90 Td (esting ) Tj ET Q q 0 0 0 rg BT 304.35 383.90 Td (Date. ) Tj ET Q q 0 0 0 rg BT 323.65 383.90 Td ( ) Tj ET Q q 0 0 0 rg BT 325.69 383.90 Td (The ) Tj ET Q q 0 0 0 rg BT 340.32 383.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 373.63 383.90 Td (may ) Tj ET Q q 0 0 0 rg BT 389.60 383.90 Td (postpone ) Tj ET Q q 0 0 0 rg BT 420.69 383.90 Td (such ) Tj ET Q q 0 0 0 rg BT 437.55 383.90 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 468.85 383.90 Td (recording ) Tj ET Q q 0 0 0 rg BT 501.70 383.90 Td (and ) Tj ET Q q 0 0 0 rg BT 515.45 383.90 Td (delivery ) Tj ET Q q 0 0 0 rg BT 543.86 383.90 Td (of ) Tj ET Q q 0 0 0 rg BT 552.72 383.90 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 374.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 125.53 374.30 Td (of ) Tj ET Q q 0 0 0 rg BT 134.24 374.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 153.17 374.30 Td (A) Tj ET Q q 0 0 0 rg BT 158.50 374.30 Td ( ) Tj ET Q q 0 0 0 rg BT 160.55 374.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 192.37 374.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 212.63 374.30 Td (if ) Tj ET Q q 0 0 0 rg BT 219.56 374.30 Td (such ) Tj ET Q q 0 0 0 rg BT 236.27 374.30 Td (proper ) Tj ET Q q 0 0 0 rg BT 259.19 374.30 Td (documentation ) Tj ET Q q 0 0 0 rg BT 308.77 374.30 Td (is ) Tj ET Q q 0 0 0 rg BT 316.15 374.30 Td (not ) Tj ET Q q 0 0 0 rg BT 328.42 374.30 Td (received ) Tj ET Q q 0 0 0 rg BT 357.55 374.30 Td (by ) Tj ET Q q 0 0 0 rg BT 367.59 374.30 Td (the ) Tj ET Q q 0 0 0 rg BT 379.41 374.30 Td (Company) Tj ET Q q 0 0 0 rg BT 410.00 374.30 Td (. ) Tj ET Q q 0 0 0 rg BT 414.04 374.30 Td (If ) Tj ET Q q 0 0 0 rg BT 421.41 374.30 Td (proper ) Tj ET Q q 0 0 0 rg BT 444.33 374.30 Td (documentation ) Tj ET Q q 0 0 0 rg BT 493.91 374.30 Td (is ) Tj ET Q q 0 0 0 rg BT 501.29 374.30 Td (not ) Tj ET Q q 0 0 0 rg BT 513.56 374.30 Td (received ) Tj ET Q q 0 0 0 rg BT 542.69 374.30 Td (by ) Tj ET Q q 0 0 0 rg BT 552.73 374.30 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 364.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.20 364.70 Td (within ) Tj ET Q q 0 0 0 rg BT 160.23 364.70 Td (sixty ) Tj ET Q q 0 0 0 rg BT 178.37 364.70 Td (\(60\) ) Tj ET Q q 0 0 0 rg BT 194.29 364.70 Td (days ) Tj ET Q q 0 0 0 rg BT 211.54 364.70 Td (of ) Tj ET Q q 0 0 0 rg BT 220.79 364.70 Td (a ) Tj ET Q q 0 0 0 rg BT 226.73 364.70 Td (V) Tj ET Q q 0 0 0 rg BT 231.63 364.70 Td (esting ) Tj ET Q q 0 0 0 rg BT 253.32 364.70 Td (Date, ) Tj ET Q q 0 0 0 rg BT 273.01 364.70 Td (the ) Tj ET Q q 0 0 0 rg BT 285.37 364.70 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 333.72 364.70 Td (portion ) Tj ET Q q 0 0 0 rg BT 359.41 364.70 Td (of ) Tj ET Q q 0 0 0 rg BT 368.66 364.70 Td (the ) Tj ET Q q 0 0 0 rg BT 380.45 364.70 Td (A) Tj ET Q q 0 0 0 rg BT 385.50 364.70 Td (ward, ) Tj ET Q q 0 0 0 rg BT 406.07 364.70 Td (in ) Tj ET Q q 0 0 0 rg BT 414.88 364.70 Td (the ) Tj ET Q q 0 0 0 rg BT 427.24 364.70 Td (sole ) Tj ET Q q 0 0 0 rg BT 442.71 364.70 Td (discretion ) Tj ET Q q 0 0 0 rg BT 476.85 364.70 Td (of ) Tj ET Q q 0 0 0 rg BT 486.10 364.70 Td (the ) Tj ET Q q 0 0 0 rg BT 498.46 364.70 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 538.59 364.70 Td (may ) Tj ET Q q 0 0 0 rg BT 554.95 364.70 Td (be ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 355.10 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 133.04 355.10 Td (for ) Tj ET Q q 0 0 0 rg BT 144.37 355.10 Td (no ) Tj ET Q q 0 0 0 rg BT 154.37 355.10 Td (consideration.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 333.50 Td (8. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 332.248046875 m 185.1435546875 332.248046875 l s q 0 0 0 rg BT 103.50 333.50 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 144.26 333.50 Td (Compliance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.14 333.50 Td (. ) Tj ET Q q 0 0 0 rg BT 189.69 333.50 Td ( ) Tj ET Q q 0 0 0 rg BT 192.04 333.50 Td (The ) Tj ET Q q 0 0 0 rg BT 207.02 333.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 240.67 333.50 Td (may ) Tj ET Q q 0 0 0 rg BT 256.99 333.50 Td (postpone ) Tj ET Q q 0 0 0 rg BT 288.42 333.50 Td (issuing ) Tj ET Q q 0 0 0 rg BT 313.63 333.50 Td ( ) Tj ET Q q 0 0 0 rg BT 316.17 333.50 Td (and ) Tj ET Q q 0 0 0 rg BT 330.27 333.50 Td (recording ) Tj ET Q q 0 0 0 rg BT 363.46 333.50 Td (the ) Tj ET Q q 0 0 0 rg BT 375.78 333.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 398.31 333.50 Td (of ) Tj ET Q q 0 0 0 rg BT 407.52 333.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 426.83 333.50 Td (A) Tj ET Q q 0 0 0 rg BT 432.17 333.50 Td ( ) Tj ET Q q 0 0 0 rg BT 434.71 333.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 467.04 333.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 487.80 333.50 Td (to ) Tj ET Q q 0 0 0 rg BT 496.56 333.50 Td (the ) Tj ET Q q 0 0 0 rg BT 508.88 333.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 536.74 333.50 Td (issuable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 323.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 132.95 323.90 Td (to ) Tj ET Q q 0 0 0 rg BT 141.08 323.90 Td (this ) Tj ET Q q 0 0 0 rg BT 154.12 323.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 191.56 323.90 Td (in ) Tj ET Q q 0 0 0 rg BT 199.69 323.90 Td (the ) Tj ET Q q 0 0 0 rg BT 211.36 323.90 Td (records ) Tj ET Q q 0 0 0 rg BT 236.81 323.90 Td (of ) Tj ET Q q 0 0 0 rg BT 245.37 323.90 Td (the ) Tj ET Q q 0 0 0 rg BT 257.05 323.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 290.06 323.90 Td (or ) Tj ET Q q 0 0 0 rg BT 298.63 323.90 Td (its ) Tj ET Q q 0 0 0 rg BT 308.09 323.90 Td (transfer ) Tj ET Q q 0 0 0 rg BT 334.42 323.90 Td (agent ) Tj ET Q q 0 0 0 rg BT 353.65 323.90 Td (for ) Tj ET Q q 0 0 0 rg BT 364.88 323.90 Td (such ) Tj ET Q q 0 0 0 rg BT 381.44 323.90 Td (period ) Tj ET Q q 0 0 0 rg BT 403.78 323.90 Td (as ) Tj ET Q q 0 0 0 rg BT 412.35 323.90 Td (may ) Tj ET Q q 0 0 0 rg BT 428.03 323.90 Td (be ) Tj ET Q q 0 0 0 rg BT 437.48 323.90 Td (required ) Tj ET Q q 0 0 0 rg BT 466.03 323.90 Td (to ) Tj ET Q q 0 0 0 rg BT 474.16 323.90 Td (comply ) Tj ET Q q 0 0 0 rg BT 500.06 323.90 Td (with ) Tj ET Q q 0 0 0 rg BT 516.18 323.90 Td (any ) Tj ET Q q 0 0 0 rg BT 529.63 323.90 Td (applicable ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 314.30 Td (requirements ) Tj ET Q q 0 0 0 rg BT 147.56 314.30 Td (under ) Tj ET Q q 0 0 0 rg BT 168.07 314.30 Td (any ) Tj ET Q q 0 0 0 rg BT 181.92 314.30 Td (applicable ) Tj ET Q q 0 0 0 rg BT 217.09 314.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 249.60 314.30 Td (laws, ) Tj ET Q q 0 0 0 rg BT 268.57 314.30 Td (the ) Tj ET Q q 0 0 0 rg BT 280.64 314.30 Td (listing ) Tj ET Q q 0 0 0 rg BT 302.94 314.30 Td (requirements ) Tj ET Q q 0 0 0 rg BT 347.00 314.30 Td (of ) Tj ET Q q 0 0 0 rg BT 355.96 314.30 Td (any ) Tj ET Q q 0 0 0 rg BT 369.81 314.30 Td (applicable ) Tj ET Q q 0 0 0 rg BT 404.98 314.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 424.17 314.30 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 458.67 314.30 Td (and ) Tj ET Q q 0 0 0 rg BT 472.52 314.30 Td (any ) Tj ET Q q 0 0 0 rg BT 486.37 314.30 Td (requirements ) Tj ET Q q 0 0 0 rg BT 530.43 314.30 Td (under ) Tj ET Q q 0 0 0 rg BT 550.95 314.30 Td (any ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 304.70 Td (other ) Tj ET Q q 0 0 0 rg BT 121.51 304.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 155.96 304.70 Td (law) Tj ET Q q 0 0 0 rg BT 166.99 304.70 Td (, ) Tj ET Q q 0 0 0 rg BT 170.56 304.70 Td (and ) Tj ET Q q 0 0 0 rg BT 183.68 304.70 Td (the ) Tj ET Q q 0 0 0 rg BT 195.03 304.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 227.71 304.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 244.40 304.70 Td (not ) Tj ET Q q 0 0 0 rg BT 256.19 304.70 Td (be ) Tj ET Q q 0 0 0 rg BT 265.32 304.70 Td (obligated ) Tj ET Q q 0 0 0 rg BT 296.66 304.70 Td (to ) Tj ET Q q 0 0 0 rg BT 304.45 304.70 Td (deliver ) Tj ET Q q 0 0 0 rg BT 328.24 304.70 Td (any ) Tj ET Q q 0 0 0 rg BT 341.36 304.70 Td (such ) Tj ET Q q 0 0 0 rg BT 357.60 304.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 379.17 304.70 Td (of ) Tj ET Q q 0 0 0 rg BT 387.40 304.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 405.96 304.70 Td (A) Tj ET Q q 0 0 0 rg BT 411.30 304.70 Td ( ) Tj ET Q q 0 0 0 rg BT 412.87 304.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 444.23 304.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 464.02 304.70 Td (to ) Tj ET Q q 0 0 0 rg BT 471.82 304.70 Td (the ) Tj ET Q q 0 0 0 rg BT 483.17 304.70 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 510.06 304.70 Td (if ) Tj ET Q q 0 0 0 rg BT 516.52 304.70 Td (either ) Tj ET Q q 0 0 0 rg BT 536.30 304.70 Td (delivery ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 295.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 128.82 295.10 Td (would ) Tj ET Q q 0 0 0 rg BT 151.49 295.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 185.26 295.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.48 295.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 222.59 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.92 295.10 Td (any ) Tj ET Q q 0 0 0 rg BT 246.14 295.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 279.03 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.36 295.10 Td (any ) Tj ET Q q 0 0 0 rg BT 302.58 295.10 Td (law ) Tj ET Q q 0 0 0 rg BT 316.80 295.10 Td (or ) Tj ET Q q 0 0 0 rg BT 326.13 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.46 295.10 Td (any ) Tj ET Q q 0 0 0 rg BT 349.68 295.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 384.79 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.12 295.10 Td (any ) Tj ET Q q 0 0 0 rg BT 408.34 295.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 454.99 295.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 486.54 295.10 Td (or ) Tj ET Q q 0 0 0 rg BT 495.87 295.10 Td (any ) Tj ET Q q 0 0 0 rg BT 510.09 295.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 545.63 295.10 Td (stock ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 285.50 Td (exchange. ) Tj ET Q q 0 0 0 rg BT 137.28 285.50 Td ( ) Tj ET Q q 0 0 0 rg BT 138.73 285.50 Td (The ) Tj ET Q q 0 0 0 rg BT 152.74 285.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 185.43 285.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 202.11 285.50 Td (not ) Tj ET Q q 0 0 0 rg BT 213.90 285.50 Td (be ) Tj ET Q q 0 0 0 rg BT 223.02 285.50 Td (liable ) Tj ET Q q 0 0 0 rg BT 242.37 285.50 Td (to ) Tj ET Q q 0 0 0 rg BT 250.16 285.50 Td (the ) Tj ET Q q 0 0 0 rg BT 261.51 285.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 288.40 285.50 Td (or ) Tj ET Q q 0 0 0 rg BT 296.63 285.50 Td (its ) Tj ET Q q 0 0 0 rg BT 305.76 285.50 Td (representative ) Tj ET Q q 0 0 0 rg BT 352.20 285.50 Td (for ) Tj ET Q q 0 0 0 rg BT 363.10 285.50 Td (any ) Tj ET Q q 0 0 0 rg BT 376.22 285.50 Td (damages ) Tj ET Q q 0 0 0 rg BT 405.78 285.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 431.79 285.50 Td (from ) Tj ET Q q 0 0 0 rg BT 448.91 285.50 Td (any ) Tj ET Q q 0 0 0 rg BT 462.03 285.50 Td (delays ) Tj ET Q q 0 0 0 rg BT 484.04 285.50 Td (in ) Tj ET Q q 0 0 0 rg BT 491.84 285.50 Td (recording ) Tj ET Q q 0 0 0 rg BT 524.06 285.50 Td (the ) Tj ET Q q 0 0 0 rg BT 535.41 285.50 Td (issuance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 275.90 Td (and ) Tj ET Q q 0 0 0 rg BT 117.05 275.90 Td (delivery ) Tj ET Q q 0 0 0 rg BT 145.26 275.90 Td (of ) Tj ET Q q 0 0 0 rg BT 153.93 275.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 175.92 275.90 Td (to ) Tj ET Q q 0 0 0 rg BT 184.14 275.90 Td (the ) Tj ET Q q 0 0 0 rg BT 195.91 275.90 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 223.23 275.90 Td (in ) Tj ET Q q 0 0 0 rg BT 231.45 275.90 Td (the ) Tj ET Q q 0 0 0 rg BT 243.23 275.90 Td (records ) Tj ET Q q 0 0 0 rg BT 268.77 275.90 Td (of ) Tj ET Q q 0 0 0 rg BT 277.43 275.90 Td (the ) Tj ET Q q 0 0 0 rg BT 289.21 275.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 322.32 275.90 Td (or ) Tj ET Q q 0 0 0 rg BT 330.98 275.90 Td (its ) Tj ET Q q 0 0 0 rg BT 340.54 275.90 Td (transfer ) Tj ET Q q 0 0 0 rg BT 366.97 275.90 Td (agent ) Tj ET Q q 0 0 0 rg BT 386.29 275.90 Td (or ) Tj ET Q q 0 0 0 rg BT 394.96 275.90 Td (any ) Tj ET Q q 0 0 0 rg BT 408.51 275.90 Td (mistakes ) Tj ET Q q 0 0 0 rg BT 438.50 275.90 Td (or ) Tj ET Q q 0 0 0 rg BT 447.17 275.90 Td (errors ) Tj ET Q q 0 0 0 rg BT 467.82 275.90 Td (connected ) Tj ET Q q 0 0 0 rg BT 502.25 275.90 Td (therewith.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 254.30 Td (9. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 253.04804687499995 m 172.65625 253.04804687499995 l s q 0 0 0 rg BT 103.50 254.30 Td (Effect ) Tj ET Q q 0 0 0 rg BT 125.52 254.30 Td (Upon ) Tj ET Q q 0 0 0 rg BT 145.78 254.30 Td (Service.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.66 254.30 Td ( ) Tj ET Q q 0 0 0 rg BT 174.24 254.30 Td ( ) Tj ET Q q 0 0 0 rg BT 175.83 254.30 Td ( ) Tj ET Q q 0 0 0 rg BT 177.42 254.30 Td (Nothing ) Tj ET Q q 0 0 0 rg BT 205.23 254.30 Td (contained ) Tj ET Q q 0 0 0 rg BT 237.92 254.30 Td (in ) Tj ET Q q 0 0 0 rg BT 245.73 254.30 Td (this ) Tj ET Q q 0 0 0 rg BT 258.52 254.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 295.65 254.30 Td (or ) Tj ET Q q 0 0 0 rg BT 303.90 254.30 Td (in ) Tj ET Q q 0 0 0 rg BT 311.71 254.30 Td (the ) Tj ET Q q 0 0 0 rg BT 323.07 254.30 Td (Plan ) Tj ET Q q 0 0 0 rg BT 338.88 254.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 355.58 254.30 Td (confer ) Tj ET Q q 0 0 0 rg BT 377.60 254.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 395.19 254.30 Td (the ) Tj ET Q q 0 0 0 rg BT 406.55 254.30 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 433.45 254.30 Td (any ) Tj ET Q q 0 0 0 rg BT 446.59 254.30 Td (right ) Tj ET Q q 0 0 0 rg BT 463.29 254.30 Td (with ) Tj ET Q q 0 0 0 rg BT 479.10 254.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 503.34 254.30 Td (to ) Tj ET Q q 0 0 0 rg BT 511.15 254.30 Td (the ) Tj ET Q q 0 0 0 rg BT 522.51 254.30 Td (continuation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 244.70 Td (of ) Tj ET Q q 0 0 0 rg BT 111.99 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 123.59 244.70 Td (Grantee) Tj ET Q q 0 0 0 rg BT 151.13 244.70 Td (s ) Tj ET Q q 0 0 0 rg BT 156.07 244.70 Td (Service ) Tj ET Q q 0 0 0 rg BT 181.89 244.70 Td (with ) Tj ET Q q 0 0 0 rg BT 197.94 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 209.54 244.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 242.47 244.70 Td (or ) Tj ET Q q 0 0 0 rg BT 250.96 244.70 Td (interfere ) Tj ET Q q 0 0 0 rg BT 279.88 244.70 Td (in ) Tj ET Q q 0 0 0 rg BT 287.93 244.70 Td (any ) Tj ET Q q 0 0 0 rg BT 301.31 244.70 Td (way ) Tj ET Q q 0 0 0 rg BT 316.46 244.70 Td (with ) Tj ET Q q 0 0 0 rg BT 332.51 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 344.12 244.70 Td (right ) Tj ET Q q 0 0 0 rg BT 361.05 244.70 Td (of ) Tj ET Q q 0 0 0 rg BT 369.54 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 381.14 244.70 Td (Company) Tj ET Q q 0 0 0 rg BT 411.73 244.70 Td (, ) Tj ET Q q 0 0 0 rg BT 415.56 244.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 440.05 244.70 Td (to ) Tj ET Q q 0 0 0 rg BT 448.10 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 459.70 244.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 479.30 244.70 Td (of ) Tj ET Q q 0 0 0 rg BT 487.79 244.70 Td (any ) Tj ET Q q 0 0 0 rg BT 501.17 244.70 Td (separate ) Tj ET Q q 0 0 0 rg BT 529.20 244.70 Td (agreement ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.72 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.50 235.10 Td (contrary) Tj ET Q q 0 0 0 rg BT 149.63 235.10 Td (, ) Tj ET Q q 0 0 0 rg BT 153.63 235.10 Td (at ) Tj ET Q q 0 0 0 rg BT 161.40 235.10 Td (any ) Tj ET Q q 0 0 0 rg BT 174.95 235.10 Td (time ) Tj ET Q q 0 0 0 rg BT 191.17 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.39 235.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 231.60 235.10 Td (such ) Tj ET Q q 0 0 0 rg BT 248.27 235.10 Td (Service.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 213.50 Td (10. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 212.248046875 m 178.1796875 212.248046875 l s q 0 0 0 rg BT 103.50 213.50 Td (Refer) Tj ET Q q 0 0 0 rg BT 122.45 213.50 Td (ence ) Tj ET Q q 0 0 0 rg BT 139.46 213.50 Td (to ) Tj ET Q q 0 0 0 rg BT 148.04 213.50 Td (the ) Tj ET Q q 0 0 0 rg BT 160.62 213.50 Td (Plan.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.18 213.50 Td ( ) Tj ET Q q 0 0 0 rg BT 180.09 213.50 Td ( ) Tj ET Q q 0 0 0 rg BT 181.87 213.50 Td (The ) Tj ET Q q 0 0 0 rg BT 195.80 213.50 Td (A) Tj ET Q q 0 0 0 rg BT 200.84 213.50 Td (ward ) Tj ET Q q 0 0 0 rg BT 218.75 213.50 Td (has ) Tj ET Q q 0 0 0 rg BT 231.33 213.50 Td (been ) Tj ET Q q 0 0 0 rg BT 248.34 213.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 274.24 213.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 303.71 213.50 Td (to ) Tj ET Q q 0 0 0 rg BT 311.85 213.50 Td (and ) Tj ET Q q 0 0 0 rg BT 325.31 213.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 349.88 213.50 Td (to ) Tj ET Q q 0 0 0 rg BT 358.02 213.50 Td (the ) Tj ET Q q 0 0 0 rg BT 369.71 213.50 Td (provisions ) Tj ET Q q 0 0 0 rg BT 404.96 213.50 Td (of ) Tj ET Q q 0 0 0 rg BT 413.54 213.50 Td (the ) Tj ET Q q 0 0 0 rg BT 425.22 213.50 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 443.36 213.50 Td (which ) Tj ET Q q 0 0 0 rg BT 464.83 213.50 Td (are ) Tj ET Q q 0 0 0 rg BT 476.51 213.50 Td (hereby ) Tj ET Q q 0 0 0 rg BT 500.19 213.50 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 542.53 213.50 Td (herein ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 203.90 Td (by ) Tj ET Q q 0 0 0 rg BT 113.74 203.90 Td (reference. ) Tj ET Q q 0 0 0 rg BT 147.72 203.90 Td (Except ) Tj ET Q q 0 0 0 rg BT 172.17 203.90 Td (as ) Tj ET Q q 0 0 0 rg BT 181.07 203.90 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 214.40 203.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 245.08 203.90 Td (herein, ) Tj ET Q q 0 0 0 rg BT 269.30 203.90 Td (in ) Tj ET Q q 0 0 0 rg BT 277.76 203.90 Td (the ) Tj ET Q q 0 0 0 rg BT 289.77 203.90 Td (event ) Tj ET Q q 0 0 0 rg BT 309.33 203.90 Td (of ) Tj ET Q q 0 0 0 rg BT 318.23 203.90 Td (any ) Tj ET Q q 0 0 0 rg BT 332.02 203.90 Td (conflict ) Tj ET Q q 0 0 0 rg BT 358.69 203.90 Td (between ) Tj ET Q q 0 0 0 rg BT 387.58 203.90 Td (the ) Tj ET Q q 0 0 0 rg BT 399.59 203.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 419.60 203.90 Td (of ) Tj ET Q q 0 0 0 rg BT 428.50 203.90 Td (this ) Tj ET Q q 0 0 0 rg BT 441.80 203.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 479.57 203.90 Td (and ) Tj ET Q q 0 0 0 rg BT 493.36 203.90 Td (the ) Tj ET Q q 0 0 0 rg BT 505.37 203.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 525.38 203.90 Td (of ) Tj ET Q q 0 0 0 rg BT 534.28 203.90 Td (the ) Tj ET Q q 0 0 0 rg BT 546.29 203.90 Td (Plan, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 194.30 Td (the ) Tj ET Q q 0 0 0 rg BT 114.97 194.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 134.43 194.30 Td (of ) Tj ET Q q 0 0 0 rg BT 142.79 194.30 Td (the ) Tj ET Q q 0 0 0 rg BT 154.26 194.30 Td (Plan ) Tj ET Q q 0 0 0 rg BT 170.17 194.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 186.98 194.30 Td (govern. ) Tj ET Q q 0 0 0 rg BT 212.88 194.30 Td ( ) Tj ET Q q 0 0 0 rg BT 214.20 194.30 Td (All ) Tj ET Q q 0 0 0 rg BT 226.12 194.30 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 262.46 194.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 281.93 194.30 Td (that ) Tj ET Q q 0 0 0 rg BT 295.61 194.30 Td (are ) Tj ET Q q 0 0 0 rg BT 307.07 194.30 Td (used ) Tj ET Q q 0 0 0 rg BT 323.43 194.30 Td (in ) Tj ET Q q 0 0 0 rg BT 331.35 194.30 Td (this ) Tj ET Q q 0 0 0 rg BT 344.23 194.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 381.46 194.30 Td (and ) Tj ET Q q 0 0 0 rg BT 394.70 194.30 Td (not ) Tj ET Q q 0 0 0 rg BT 406.62 194.30 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 439.41 194.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 465.09 194.30 Td (herein ) Tj ET Q q 0 0 0 rg BT 486.78 194.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 503.58 194.30 Td (have ) Tj ET Q q 0 0 0 rg BT 520.37 194.30 Td (the ) Tj ET Q q 0 0 0 rg BT 531.84 194.30 Td (meanings ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 184.70 Td (ascribed ) Tj ET Q q 0 0 0 rg BT 132.15 184.70 Td (to ) Tj ET Q q 0 0 0 rg BT 140.38 184.70 Td (them ) Tj ET Q q 0 0 0 rg BT 158.37 184.70 Td (in ) Tj ET Q q 0 0 0 rg BT 166.59 184.70 Td (the ) Tj ET Q q 0 0 0 rg BT 178.37 184.70 Td (Plan.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 163.10 Td (1) Tj ET Q q 0 0 0 rg BT 89.20 163.10 Td (1. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 161.84804687500002 m 158.37890625 161.84804687500002 l s q 0 0 0 rg BT 103.50 163.10 Td (Determinations.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 158.38 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.89 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.39 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.90 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.30 163.10 Td (The ) Tj ET Q q 0 0 0 rg BT 178.24 163.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 215.30 163.10 Td (has ) Tj ET Q q 0 0 0 rg BT 227.47 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.75 163.10 Td (power ) Tj ET Q q 0 0 0 rg BT 260.25 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.98 163.10 Td (interpret ) Tj ET Q q 0 0 0 rg BT 296.58 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.86 163.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 323.59 163.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.65 163.10 Td (this ) Tj ET Q q 0 0 0 rg BT 349.38 163.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 386.43 163.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.49 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.22 163.10 Td (administer) Tj ET Q q 0 0 0 rg BT 440.67 163.10 Td (, ) Tj ET Q q 0 0 0 rg BT 444.17 163.10 Td (interpret ) Tj ET Q q 0 0 0 rg BT 472.78 163.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.83 163.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 505.12 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.40 163.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 532.13 163.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.85 163.10 Td (respect ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 153.50 Td (of ) Tj ET Q q 0 0 0 rg BT 112.29 153.50 Td (the ) Tj ET Q q 0 0 0 rg BT 124.19 153.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 167.19 153.50 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 201.75 153.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 222.10 153.50 Td (Units ) Tj ET Q q 0 0 0 rg BT 241.56 153.50 Td (in ) Tj ET Q q 0 0 0 rg BT 249.92 153.50 Td (a ) Tj ET Q q 0 0 0 rg BT 255.59 153.50 Td (manner ) Tj ET Q q 0 0 0 rg BT 281.71 153.50 Td (consistent ) Tj ET Q q 0 0 0 rg BT 315.83 153.50 Td (with ) Tj ET Q q 0 0 0 rg BT 332.18 153.50 Td (the ) Tj ET Q q 0 0 0 rg BT 344.09 153.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 363.99 153.50 Td (thereof ) Tj ET Q q 0 0 0 rg BT 388.77 153.50 Td (and ) Tj ET Q q 0 0 0 rg BT 402.45 153.50 Td (hereof ) Tj ET Q q 0 0 0 rg BT 425.00 153.50 Td (\(including, ) Tj ET Q q 0 0 0 rg BT 462.01 153.50 Td (but ) Tj ET Q q 0 0 0 rg BT 474.37 153.50 Td (not ) Tj ET Q q 0 0 0 rg BT 486.72 153.50 Td (limited ) Tj ET Q q 0 0 0 rg BT 511.51 153.50 Td (to, ) Tj ET Q q 0 0 0 rg BT 521.86 153.50 Td (determining, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 143.90 Td (in ) Tj ET Q q 0 0 0 rg BT 111.33 143.90 Td (is ) Tj ET Q q 0 0 0 rg BT 118.27 143.90 Td (sole ) Tj ET Q q 0 0 0 rg BT 132.76 143.90 Td (and ) Tj ET Q q 0 0 0 rg BT 145.91 143.90 Td (absolute ) Tj ET Q q 0 0 0 rg BT 174.18 143.90 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 209.33 143.90 Td (whether ) Tj ET Q q 0 0 0 rg BT 236.70 143.90 Td (any ) Tj ET Q q 0 0 0 rg BT 249.86 143.90 Td (Performance ) Tj ET Q q 0 0 0 rg BT 292.33 143.90 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 326.37 143.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 346.19 143.90 Td (Units ) Tj ET Q q 0 0 0 rg BT 365.13 143.90 Td (have ) Tj ET Q q 0 0 0 rg BT 381.84 143.90 Td (vested ) Tj ET Q q 0 0 0 rg BT 403.88 143.90 Td (and ) Tj ET Q q 0 0 0 rg BT 417.04 143.90 Td (whether ) Tj ET Q q 0 0 0 rg BT 444.41 143.90 Td (any ) Tj ET Q q 0 0 0 rg BT 457.56 143.90 Td (unvested ) Tj ET Q q 0 0 0 rg BT 487.60 143.90 Td (Performance ) Tj ET Q q 0 0 0 rg BT 530.08 143.90 Td (Restricted ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 134.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 123.87 134.30 Td (Units ) Tj ET Q q 0 0 0 rg BT 143.35 134.30 Td (of ) Tj ET Q q 0 0 0 rg BT 152.16 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 164.07 134.30 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 191.54 134.30 Td (may ) Tj ET Q q 0 0 0 rg BT 207.45 134.30 Td (be ) Tj ET Q q 0 0 0 rg BT 217.15 134.30 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 255.26 134.30 Td (and ) Tj ET Q q 0 0 0 rg BT 268.95 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 280.87 134.30 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 328.63 134.30 Td (V) Tj ET Q q 0 0 0 rg BT 333.52 134.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 354.77 134.30 Td (Date ) Tj ET Q q 0 0 0 rg BT 372.02 134.30 Td (thereof\). ) Tj ET Q q 0 0 0 rg BT 401.48 134.30 Td ( ) Tj ET Q q 0 0 0 rg BT 403.62 134.30 Td (Each ) Tj ET Q q 0 0 0 rg BT 421.76 134.30 Td (determination, ) Tj ET Q q 0 0 0 rg BT 470.33 134.30 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 515.57 134.30 Td (or ) Tj ET Q q 0 0 0 rg BT 524.38 134.30 Td (other ) Tj ET Q q 0 0 0 rg BT 542.96 134.30 Td (action ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 124.70 Td (made ) Tj ET Q q 0 0 0 rg BT 122.77 124.70 Td (or ) Tj ET Q q 0 0 0 rg BT 131.38 124.70 Td (taken ) Tj ET Q q 0 0 0 rg BT 150.64 124.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 180.14 124.70 Td (to ) Tj ET Q q 0 0 0 rg BT 188.30 124.70 Td (the ) Tj ET Q q 0 0 0 rg BT 200.02 124.70 Td (provisions ) Tj ET Q q 0 0 0 rg BT 235.30 124.70 Td (of ) Tj ET Q q 0 0 0 rg BT 243.91 124.70 Td (this ) Tj ET Q q 0 0 0 rg BT 256.98 124.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 294.46 124.70 Td (by ) Tj ET Q q 0 0 0 rg BT 304.41 124.70 Td (the ) Tj ET Q q 0 0 0 rg BT 316.12 124.70 Td (Committee ) Tj ET Q q 0 0 0 rg BT 353.62 124.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 370.67 124.70 Td (be ) Tj ET Q q 0 0 0 rg BT 380.16 124.70 Td (final ) Tj ET Q q 0 0 0 rg BT 396.77 124.70 Td (and ) Tj ET Q q 0 0 0 rg BT 410.26 124.70 Td (conclusive ) Tj ET Q q 0 0 0 rg BT 446.42 124.70 Td (for ) Tj ET Q q 0 0 0 rg BT 457.69 124.70 Td (all ) Tj ET Q q 0 0 0 rg BT 467.63 124.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 498.01 124.70 Td (and ) Tj ET Q q 0 0 0 rg BT 511.50 124.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 528.56 124.70 Td (be ) Tj ET Q q 0 0 0 rg BT 538.05 124.70 Td (binding ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 115.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 121.50 115.10 Td (all ) Tj ET Q q 0 0 0 rg BT 131.50 115.10 Td (persons, ) Tj ET Q q 0 0 0 rg BT 159.94 115.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 194.16 115.10 Td (without ) Tj ET Q q 0 0 0 rg BT 220.60 115.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 255.71 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.48 115.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 300.59 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.14 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.92 115.10 Td (Grantee, ) Tj ET Q q 0 0 0 rg BT 355.23 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.79 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.56 115.10 Td (Grantee) Tj ET Q q 0 0 0 rg BT 408.10 115.10 Td (s ) Tj ET Q q 0 0 0 rg BT 413.21 115.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 447.64 115.10 Td (successors ) Tj ET Q q 0 0 0 rg BT 483.41 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.96 115.10 Td (assigns. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 93.50 Td (12. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 92.248046875 m 255.09375 92.248046875 l s q 0 0 0 rg BT 103.50 93.50 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 137.29 93.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 188.87 93.50 Td (Recoupment ) Tj ET Q q 0 0 0 rg BT 234.21 93.50 Td (Policy) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.09 93.50 Td (. ) Tj ET Q q 0 0 0 rg BT 259.33 93.50 Td ( ) Tj ET Q q 0 0 0 rg BT 261.41 93.50 Td (The ) Tj ET Q q 0 0 0 rg BT 275.59 93.50 Td (A) Tj ET Q q 0 0 0 rg BT 280.63 93.50 Td (ward ) Tj ET Q q 0 0 0 rg BT 298.86 93.50 Td (and ) Tj ET Q q 0 0 0 rg BT 312.65 93.50 Td (the ) Tj ET Q q 0 0 0 rg BT 324.66 93.50 Td (underlying ) Tj ET Q q 0 0 0 rg BT 361.56 93.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 404.67 93.50 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 439.34 93.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 459.80 93.50 Td (Units ) Tj ET Q q 0 0 0 rg BT 479.38 93.50 Td (are ) Tj ET Q q 0 0 0 rg BT 491.38 93.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 516.28 93.50 Td (to ) Tj ET Q q 0 0 0 rg BT 524.74 93.50 Td (recoupment ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 83.90 Td (in ) Tj ET Q q 0 0 0 rg BT 111.72 83.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 149.69 83.90 Td (with ) Tj ET Q q 0 0 0 rg BT 165.91 83.90 Td (the ) Tj ET Q q 0 0 0 rg BT 177.69 83.90 Td (Company) Tj ET Q q 0 0 0 rg BT 211.02 83.90 Td (s ) Tj ET Q q 0 0 0 rg BT 216.13 83.90 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 247.89 83.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 296.11 83.90 Td (Recoupment ) Tj ET Q q 0 0 0 rg BT 338.55 83.90 Td (Policy ) Tj ET Q q 0 0 0 rg BT 360.99 83.90 Td (in ) Tj ET Q q 0 0 0 rg BT 369.21 83.90 Td (ef) Tj ET Q q 0 0 0 rg BT 375.29 83.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 389.27 83.90 Td (from ) Tj ET Q q 0 0 0 rg BT 406.82 83.90 Td (time ) Tj ET Q q 0 0 0 rg BT 423.04 83.90 Td (to ) Tj ET Q q 0 0 0 rg BT 431.27 83.90 Td (time.) Tj ET Q endstream endobj 195 0 obj <> endobj 196 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 741.50 Td (13. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 740.248046875 m 190.56640625 740.248046875 l s q 0 0 0 rg BT 103.50 741.50 Td (Section ) Tj ET Q q 0 0 0 rg BT 130.82 741.50 Td (409A) Tj ET Q q 0 0 0 rg BT 148.16 741.50 Td ( ) Tj ET Q q 0 0 0 rg BT 150.59 741.50 Td (of ) Tj ET Q q 0 0 0 rg BT 159.69 741.50 Td (the ) Tj ET Q q 0 0 0 rg BT 172.79 741.50 Td (Code) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.57 741.50 Td (. ) Tj ET Q q 0 0 0 rg BT 195.00 741.50 Td ( ) Tj ET Q q 0 0 0 rg BT 197.44 741.50 Td (It ) Tj ET Q q 0 0 0 rg BT 204.76 741.50 Td (is ) Tj ET Q q 0 0 0 rg BT 212.53 741.50 Td (intended ) Tj ET Q q 0 0 0 rg BT 242.51 741.50 Td (that ) Tj ET Q q 0 0 0 rg BT 256.94 741.50 Td (the ) Tj ET Q q 0 0 0 rg BT 269.15 741.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 312.45 741.50 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 347.32 741.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 367.97 741.50 Td (Units ) Tj ET Q q 0 0 0 rg BT 387.75 741.50 Td (are ) Tj ET Q q 0 0 0 rg BT 399.95 741.50 Td (exempt ) Tj ET Q q 0 0 0 rg BT 425.93 741.50 Td (from ) Tj ET Q q 0 0 0 rg BT 443.91 741.50 Td (Sections ) Tj ET Q q 0 0 0 rg BT 473.46 741.50 Td (409A) Tj ET Q q 0 0 0 rg BT 490.79 741.50 Td ( ) Tj ET Q q 0 0 0 rg BT 493.23 741.50 Td (and ) Tj ET Q q 0 0 0 rg BT 507.21 741.50 Td (457A) Tj ET Q q 0 0 0 rg BT 524.55 741.50 Td ( ) Tj ET Q q 0 0 0 rg BT 526.98 741.50 Td (of ) Tj ET Q q 0 0 0 rg BT 536.08 741.50 Td (the ) Tj ET Q q 0 0 0 rg BT 548.29 741.50 Td (U.S. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 731.90 Td (Internal ) Tj ET Q q 0 0 0 rg BT 130.36 731.90 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 160.33 731.90 Td (Code ) Tj ET Q q 0 0 0 rg BT 179.20 731.90 Td (of ) Tj ET Q q 0 0 0 rg BT 187.84 731.90 Td (1986 ) Tj ET Q q 0 0 0 rg BT 205.83 731.90 Td (\(as ) Tj ET Q q 0 0 0 rg 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671.90 Td (by ) Tj ET Q q 0 0 0 rg BT 435.91 671.90 Td (this ) Tj ET Q q 0 0 0 rg BT 449.08 671.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 486.69 671.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 503.87 671.90 Td (be ) Tj ET Q q 0 0 0 rg BT 513.50 671.90 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 543.10 671.90 Td (for ) Tj ET Q q 0 0 0 rg BT 554.50 671.90 Td (no ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 662.30 Td (consideration ) Tj ET Q q 0 0 0 rg BT 130.36 662.30 Td (if ) Tj ET Q q 0 0 0 rg BT 137.02 662.30 Td (this ) Tj ET Q q 0 0 0 rg BT 149.95 662.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 187.25 662.30 Td (is ) Tj ET Q q 0 0 0 rg BT 194.36 662.30 Td (not ) Tj ET Q q 0 0 0 rg BT 206.34 662.30 Td (accepted ) Tj ET Q q 0 0 0 rg BT 236.09 662.30 Td (by ) Tj ET Q q 0 0 0 rg BT 245.85 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 257.39 662.30 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 284.47 662.30 Td (by ) Tj ET Q q 0 0 0 rg BT 294.24 662.30 Td (executing ) Tj ET Q q 0 0 0 rg BT 327.10 662.30 Td (and ) Tj ET 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623.90 Td (that ) Tj ET Q q 0 0 0 rg BT 439.63 623.90 Td (the ) Tj ET Q q 0 0 0 rg BT 451.77 623.90 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 479.45 623.90 Td (may ) Tj ET Q q 0 0 0 rg BT 495.58 623.90 Td (revoke ) Tj ET Q q 0 0 0 rg BT 519.71 623.90 Td (the ) Tj ET Q q 0 0 0 rg BT 531.85 623.90 Td (Grantee) Tj ET Q q 0 0 0 rg BT 559.39 623.90 Td (s ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 614.30 Td (consent ) Tj ET Q q 0 0 0 rg BT 112.59 614.30 Td (to ) Tj ET Q q 0 0 0 rg BT 121.47 614.30 Td (the ) Tj ET Q q 0 0 0 rg BT 133.91 614.30 Td (electronic ) Tj ET Q q 0 0 0 rg BT 168.10 614.30 Td (delivery ) Tj ET Q q 0 0 0 rg BT 196.97 614.30 Td (of ) Tj ET Q q 0 0 0 rg BT 206.29 614.30 Td (documents ) Tj ET Q q 0 0 0 rg BT 243.60 614.30 Td (at ) Tj ET Q q 0 0 0 rg BT 252.04 614.30 Td (any ) Tj ET Q q 0 0 0 rg BT 266.24 614.30 Td (time ) Tj ET Q q 0 0 0 rg BT 283.12 614.30 Td (by ) Tj ET Q q 0 0 0 rg BT 293.78 614.30 Td (notifying ) Tj ET Q q 0 0 0 rg BT 325.77 614.30 Td (the ) Tj ET Q q 0 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Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 583.10 Td (15. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 85.5 581.848046875 m 110.37890625 581.848046875 l s q 0 0 0 rg BT 85.50 583.10 Td (Notices) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 110.38 583.10 Td (. ) Tj ET Q q 0 0 0 rg BT 113.47 583.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 128.65 583.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 149.60 583.10 Td (under ) Tj ET Q q 0 0 0 rg BT 169.21 583.10 Td (this ) Tj ET Q q 0 0 0 rg BT 181.87 583.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 218.81 583.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 235.32 583.10 Td (be ) Tj ET Q q 0 0 0 rg BT 244.27 583.10 Td (addressed ) Tj ET Q q 0 0 0 rg BT 277.21 583.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.84 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.01 583.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 328.52 583.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.15 583.10 Td (care ) Tj ET Q q 0 0 0 rg BT 350.86 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.93 583.10 Td (its ) Tj ET Q q 0 0 0 rg BT 367.89 583.10 Td (General ) Tj ET Q q 0 0 0 rg BT 394.61 583.10 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 422.23 583.10 Td (at ) Tj ET Q q 0 0 0 rg BT 429.41 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.58 583.10 Td (branch ) Tj ET Q q 0 0 0 rg BT 463.75 583.10 Td (of) Tj ET Q q 0 0 0 rg BT 470.27 583.10 Td (fices ) Tj ET Q q 0 0 0 rg BT 486.77 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.84 583.10 Td (CME ) Tj ET Q q 0 0 0 rg BT 513.57 583.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 535.41 583.10 Td (Services ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 573.50 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 114.74 573.50 Td (and ) Tj ET Q q 0 0 0 rg BT 128.21 573.50 Td (to ) Tj ET Q q 0 0 0 rg BT 136.35 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 148.04 573.50 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 175.27 573.50 Td (at ) Tj ET Q q 0 0 0 rg BT 182.96 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 194.65 573.50 Td (address ) Tj ET Q q 0 0 0 rg BT 220.56 573.50 Td (appearing ) Tj ET Q q 0 0 0 rg BT 254.01 573.50 Td (in ) Tj ET Q q 0 0 0 rg BT 262.15 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 273.84 573.50 Td (personnel ) Tj ET Q q 0 0 0 rg BT 306.86 573.50 Td (records ) Tj ET Q q 0 0 0 rg BT 332.32 573.50 Td (of ) Tj ET Q q 0 0 0 rg BT 340.90 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 352.59 573.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 385.61 573.50 Td (or ) Tj ET Q q 0 0 0 rg BT 394.19 573.50 Td (its ) Tj ET Q q 0 0 0 rg BT 403.25 573.50 Td (Af) Tj ET Q q 0 0 0 rg BT 411.54 573.50 Td (filiate ) Tj ET Q q 0 0 0 rg BT 432.11 573.50 Td (or ) Tj ET Q q 0 0 0 rg BT 440.69 573.50 Td (to ) Tj ET Q q 0 0 0 rg BT 448.83 573.50 Td (either ) Tj ET Q q 0 0 0 rg BT 468.96 573.50 Td (party ) Tj ET Q q 0 0 0 rg BT 487.31 573.50 Td (at ) Tj ET Q q 0 0 0 rg BT 495.00 573.50 Td (such ) Tj ET Q q 0 0 0 rg BT 511.58 573.50 Td (other ) Tj ET Q q 0 0 0 rg BT 529.94 573.50 Td (address ) Tj ET Q q 0 0 0 rg BT 555.84 573.50 Td (as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 563.90 Td (either ) Tj ET Q q 0 0 0 rg BT 105.71 563.90 Td (party ) Tj ET Q q 0 0 0 rg BT 124.15 563.90 Td (hereto ) Tj ET Q q 0 0 0 rg BT 146.14 563.90 Td (may ) Tj ET Q q 0 0 0 rg BT 161.91 563.90 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 192.33 563.90 Td (designate ) Tj ET Q q 0 0 0 rg BT 224.54 563.90 Td (in ) Tj ET Q q 0 0 0 rg BT 232.76 563.90 Td (writing ) Tj ET Q q 0 0 0 rg BT 257.87 563.90 Td (to ) Tj ET Q q 0 0 0 rg BT 266.09 563.90 Td (the ) Tj ET Q q 0 0 0 rg BT 277.87 563.90 Td (other) Tj ET Q q 0 0 0 rg BT 293.86 563.90 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 542.30 Td (16. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 541.048046875 m 145.71875 541.048046875 l s q 0 0 0 rg BT 103.50 542.30 Td (Amendment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 145.72 542.30 Td (. ) Tj ET Q q 0 0 0 rg BT 149.99 542.30 Td (The ) Tj ET Q q 0 0 0 rg BT 164.88 542.30 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 192.64 542.30 Td (hereby ) Tj ET Q q 0 0 0 rg BT 216.85 542.30 Td (consents ) Tj ET Q q 0 0 0 rg BT 246.85 542.30 Td (to ) Tj ET Q q 0 0 0 rg BT 255.52 542.30 Td (any ) Tj ET Q q 0 0 0 rg BT 269.52 542.30 Td (amendment ) Tj ET Q q 0 0 0 rg BT 309.29 542.30 Td (to ) Tj ET Q q 0 0 0 rg BT 317.96 542.30 Td (this ) Tj ET Q q 0 0 0 rg BT 331.43 542.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 369.42 542.30 Td (in ) Tj ET Q q 0 0 0 rg BT 378.09 542.30 Td (any ) Tj ET Q q 0 0 0 rg BT 392.09 542.30 Td (way ) Tj ET Q q 0 0 0 rg BT 407.86 542.30 Td (the ) Tj ET Q q 0 0 0 rg BT 420.08 542.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 458.08 542.30 Td (deems ) Tj ET Q q 0 0 0 rg BT 480.97 542.30 Td (necessary ) Tj ET Q q 0 0 0 rg BT 514.51 542.30 Td (or ) Tj ET Q q 0 0 0 rg BT 523.62 542.30 Td (advisable ) Tj ET Q q 0 0 0 rg BT 556.28 542.30 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 532.70 Td (comply ) Tj ET Q q 0 0 0 rg BT 129.84 532.70 Td (with ) Tj ET Q q 0 0 0 rg BT 146.41 532.70 Td (or ) Tj ET Q q 0 0 0 rg BT 155.42 532.70 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 178.65 532.70 Td (exemption ) Tj ET Q q 0 0 0 rg BT 214.77 532.70 Td (from ) Tj ET Q q 0 0 0 rg BT 232.66 532.70 Td (Sections ) Tj ET Q q 0 0 0 rg BT 262.12 532.70 Td (409A) Tj ET Q q 0 0 0 rg BT 279.46 532.70 Td ( ) Tj ET Q q 0 0 0 rg BT 281.80 532.70 Td (and ) Tj ET Q q 0 0 0 rg BT 295.70 532.70 Td (457A) Tj ET Q q 0 0 0 rg BT 313.03 532.70 Td ( ) Tj ET Q q 0 0 0 rg BT 315.38 532.70 Td (of ) Tj ET Q q 0 0 0 rg BT 324.39 532.70 Td (the ) Tj ET Q q 0 0 0 rg BT 336.51 532.70 Td (Code, ) Tj ET Q q 0 0 0 rg BT 357.74 532.70 Td (to ) Tj ET Q q 0 0 0 rg BT 366.31 532.70 Td (carry ) Tj ET Q q 0 0 0 rg BT 385.08 532.70 Td (out ) Tj ET Q q 0 0 0 rg BT 397.65 532.70 Td (the ) Tj ET Q q 0 0 0 rg BT 409.77 532.70 Td (purpose ) Tj ET Q q 0 0 0 rg BT 437.45 532.70 Td (of ) Tj ET Q q 0 0 0 rg BT 446.46 532.70 Td (the ) Tj ET Q q 0 0 0 rg BT 458.57 532.70 Td (grant, ) Tj ET Q q 0 0 0 rg BT 479.36 532.70 Td (or ) Tj ET Q q 0 0 0 rg BT 488.37 532.70 Td (in ) Tj ET Q q 0 0 0 rg BT 496.94 532.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 534.38 532.70 Td (with ) Tj ET Q q 0 0 0 rg BT 550.95 532.70 Td (any ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 523.10 Td (change ) Tj ET Q q 0 0 0 rg BT 128.07 523.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.20 523.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 170.99 523.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 187.57 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 196.14 523.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 230.49 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 239.07 523.10 Td (any ) Tj ET Q q 0 0 0 rg BT 252.54 523.10 Td (future ) Tj ET Q q 0 0 0 rg BT 273.55 523.10 Td (law ) Tj ET Q q 0 0 0 rg BT 287.02 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 295.59 523.10 Td (regulation. ) Tj ET Q q 0 0 0 rg BT 331.94 523.10 Td (Except ) Tj ET Q q 0 0 0 rg BT 356.07 523.10 Td (as ) Tj ET Q q 0 0 0 rg BT 364.64 523.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 395.00 523.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 418.01 523.10 Td (any ) Tj ET Q q 0 0 0 rg BT 431.48 523.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 470.71 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.85 523.10 Td (this ) Tj ET Q q 0 0 0 rg BT 491.90 523.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 529.35 523.10 Td (must ) Tj ET Q q 0 0 0 rg BT 546.82 523.10 Td (be ) Tj ET Q q 0 0 0 rg BT 556.29 523.10 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 513.50 Td (writing ) Tj ET Q q 0 0 0 rg BT 128.61 513.50 Td (and ) Tj ET Q q 0 0 0 rg BT 142.16 513.50 Td (signed ) Tj ET Q q 0 0 0 rg BT 165.05 513.50 Td (by ) Tj ET Q q 0 0 0 rg BT 175.05 513.50 Td (the ) Tj ET Q q 0 0 0 rg BT 186.82 513.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 219.93 513.50 Td (and ) Tj ET Q q 0 0 0 rg BT 233.48 513.50 Td (the ) Tj ET Q q 0 0 0 rg BT 245.25 513.50 Td (Grantee. ) Tj ET Q q 0 0 0 rg BT 274.57 513.50 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 491.90 Td (17. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 490.648046875 m 158.6171875 490.648046875 l s q 0 0 0 rg BT 103.50 491.90 Td (Governing ) Tj ET Q q 0 0 0 rg BT 141.95 491.90 Td (Law) Tj ET Q q 0 0 0 rg BT 156.62 491.90 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 158.62 491.90 Td ( ) Tj ET Q q 0 0 0 rg BT 160.62 491.90 Td ( ) Tj ET Q q 0 0 0 rg BT 162.62 491.90 Td ( ) Tj ET Q q 0 0 0 rg BT 164.62 491.90 Td ( ) Tj ET Q q 0 0 0 rg BT 166.47 491.90 Td (This ) Tj ET Q q 0 0 0 rg BT 182.25 491.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 219.79 491.90 Td (and ) Tj ET Q q 0 0 0 rg BT 233.34 491.90 Td (all ) Tj ET Q q 0 0 0 rg BT 243.34 491.90 Td (determinations ) Tj ET Q q 0 0 0 rg BT 292.88 491.90 Td (made ) Tj ET Q q 0 0 0 rg BT 312.21 491.90 Td (and ) Tj ET Q q 0 0 0 rg BT 325.76 491.90 Td (actions ) Tj ET Q q 0 0 0 rg BT 350.42 491.90 Td (taken ) Tj ET Q q 0 0 0 rg BT 369.74 491.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 399.29 491.90 Td (hereto ) Tj ET Q q 0 0 0 rg BT 421.28 491.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 438.39 491.90 Td (be ) Tj ET Q q 0 0 0 rg BT 447.94 491.90 Td (governed ) Tj ET Q q 0 0 0 rg BT 479.71 491.90 Td (by ) Tj ET Q q 0 0 0 rg BT 489.71 491.90 Td (the ) Tj ET Q q 0 0 0 rg BT 501.48 491.90 Td (laws ) Tj ET Q q 0 0 0 rg BT 518.14 491.90 Td (of ) Tj ET Q q 0 0 0 rg BT 526.81 491.90 Td (Bermuda.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 470.30 Td (18. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 469.048046875 m 144.3828125 469.048046875 l s q 0 0 0 rg BT 103.50 470.30 Td (Severability) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.38 470.30 Td (. ) Tj ET Q q 0 0 0 rg BT 148.78 470.30 Td ( ) Tj ET Q q 0 0 0 rg BT 151.17 470.30 Td (In ) Tj ET Q q 0 0 0 rg BT 160.22 470.30 Td (the ) Tj ET Q q 0 0 0 rg BT 172.39 470.30 Td (event ) Tj ET Q q 0 0 0 rg BT 192.11 470.30 Td (any ) Tj ET Q q 0 0 0 rg BT 206.05 470.30 Td (provision ) Tj ET Q q 0 0 0 rg BT 238.67 470.30 Td (of ) Tj ET Q q 0 0 0 rg BT 247.72 470.30 Td (this ) Tj ET Q q 0 0 0 rg BT 261.15 470.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 299.08 470.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 316.58 470.30 Td (be ) Tj ET Q q 0 0 0 rg BT 326.52 470.30 Td (held ) Tj ET Q q 0 0 0 rg BT 342.69 470.30 Td (illegal ) Tj ET Q q 0 0 0 rg BT 365.07 470.30 Td (or ) Tj ET Q q 0 0 0 rg BT 374.13 470.30 Td (invalid ) Tj ET Q q 0 0 0 rg BT 398.74 470.30 Td (for ) Tj ET Q q 0 0 0 rg BT 410.46 470.30 Td (any ) Tj ET Q q 0 0 0 rg BT 424.41 470.30 Td (reason, ) Tj ET Q q 0 0 0 rg BT 449.68 470.30 Td (the ) Tj ET Q q 0 0 0 rg BT 461.84 470.30 Td (illegality ) Tj ET Q q 0 0 0 rg BT 492.67 470.30 Td (or ) Tj ET Q q 0 0 0 rg BT 501.73 470.30 Td (invalidity ) Tj ET Q q 0 0 0 rg BT 534.79 470.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 552.29 470.30 Td (not ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 460.70 Td (af) Tj ET Q q 0 0 0 rg BT 109.57 460.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 123.45 460.70 Td (the ) Tj ET Q q 0 0 0 rg BT 135.12 460.70 Td (remaining ) Tj ET Q q 0 0 0 rg BT 169.45 460.70 Td (provisions ) Tj ET Q q 0 0 0 rg BT 204.68 460.70 Td (of ) Tj ET Q q 0 0 0 rg BT 213.24 460.70 Td (this ) Tj ET Q q 0 0 0 rg BT 226.27 460.70 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 265.71 460.70 Td (and ) Tj ET Q q 0 0 0 rg BT 279.15 460.70 Td (this ) Tj ET Q q 0 0 0 rg BT 292.19 460.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 329.62 460.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 346.63 460.70 Td (be ) Tj ET Q q 0 0 0 rg BT 356.07 460.70 Td (construed ) Tj ET Q q 0 0 0 rg BT 389.07 460.70 Td (and ) Tj ET Q q 0 0 0 rg BT 402.51 460.70 Td (enforced ) Tj ET Q q 0 0 0 rg BT 432.39 460.70 Td (as ) Tj ET Q q 0 0 0 rg BT 440.95 460.70 Td (if ) Tj ET Q q 0 0 0 rg BT 447.73 460.70 Td (such ) Tj ET Q q 0 0 0 rg BT 464.29 460.70 Td (illegal ) Tj ET Q q 0 0 0 rg BT 486.17 460.70 Td (or ) Tj ET Q q 0 0 0 rg BT 494.73 460.70 Td (invalid ) Tj ET Q q 0 0 0 rg BT 518.84 460.70 Td (provision ) Tj ET Q q 0 0 0 rg BT 550.96 460.70 Td (had ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 451.10 Td (not ) Tj ET Q q 0 0 0 rg BT 115.72 451.10 Td (been ) Tj ET Q q 0 0 0 rg BT 132.82 451.10 Td (included. ) Tj ET Q q 0 0 0 rg BT 164.37 451.10 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 429.50 Td (19. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 103.5 428.248046875 m 149.71875 428.248046875 l s q 0 0 0 rg BT 103.50 429.50 Td (Counterparts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 149.72 429.50 Td (. ) Tj ET Q q 0 0 0 rg BT 153.35 429.50 Td ( ) Tj ET Q q 0 0 0 rg BT 154.86 429.50 Td (This ) Tj ET Q q 0 0 0 rg BT 170.35 429.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 207.52 429.50 Td (may ) Tj ET Q q 0 0 0 rg BT 222.92 429.50 Td (be ) Tj ET Q q 0 0 0 rg BT 232.10 429.50 Td (signed ) Tj ET Q q 0 0 0 rg BT 254.62 429.50 Td (in ) Tj ET Q q 0 0 0 rg BT 262.47 429.50 Td (counterparts, ) Tj ET Q q 0 0 0 rg BT 305.64 429.50 Td (each ) Tj ET Q q 0 0 0 rg BT 321.92 429.50 Td (of ) Tj ET Q q 0 0 0 rg BT 330.21 429.50 Td (which ) Tj ET Q q 0 0 0 rg BT 351.39 429.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 368.13 429.50 Td (be ) Tj ET Q q 0 0 0 rg BT 377.31 429.50 Td (an ) Tj ET Q q 0 0 0 rg BT 386.49 429.50 Td (original, ) Tj ET Q q 0 0 0 rg BT 415.00 429.50 Td (with ) Tj ET Q q 0 0 0 rg BT 430.85 429.50 Td (the ) Tj ET Q q 0 0 0 rg BT 442.25 429.50 Td (same ) Tj ET Q q 0 0 0 rg BT 460.32 429.50 Td (ef) Tj ET Q q 0 0 0 rg BT 466.39 429.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 480.01 429.50 Td (as ) Tj ET Q q 0 0 0 rg BT 488.30 429.50 Td (if ) Tj ET Q q 0 0 0 rg BT 494.82 429.50 Td (the ) Tj ET Q q 0 0 0 rg BT 506.22 429.50 Td (signatures ) Tj ET Q q 0 0 0 rg BT 540.28 429.50 Td (thereto ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.50 419.90 Td (and ) Tj ET Q q 0 0 0 rg BT 117.05 419.90 Td (hereto ) Tj ET Q q 0 0 0 rg BT 139.04 419.90 Td (were ) Tj ET Q q 0 0 0 rg BT 156.58 419.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 174.58 419.90 Td (the ) Tj ET Q q 0 0 0 rg BT 186.36 419.90 Td (same ) Tj ET Q q 0 0 0 rg BT 204.79 419.90 Td (instrument.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.80 398.30 Td (Signatur) Tj ET Q q 0 0 0 rg BT 274.06 398.30 Td (es appear on following page) Tj ET Q endstream endobj 197 0 obj <> endobj 198 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 741.50 Td (IN ) Tj ET Q q 0 0 0 rg BT 59.80 741.50 Td (WITNESS ) Tj ET Q q 0 0 0 rg BT 96.32 741.50 Td (WHEREOF) Tj ET Q q 0 0 0 rg BT 134.34 741.50 Td (, ) Tj ET Q q 0 0 0 rg BT 138.34 741.50 Td (the ) Tj ET Q q 0 0 0 rg BT 150.11 741.50 Td (parties ) Tj ET Q q 0 0 0 rg BT 173.44 741.50 Td (have ) Tj ET Q q 0 0 0 rg BT 190.54 741.50 Td (executed ) Tj ET Q q 0 0 0 rg BT 220.96 741.50 Td (this ) Tj ET Q q 0 0 0 rg BT 234.08 741.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 271.62 741.50 Td (as ) Tj ET Q q 0 0 0 rg BT 280.29 741.50 Td (of ) Tj ET Q q 0 0 0 rg BT 288.95 741.50 Td (the ) Tj ET Q q 0 0 0 rg BT 300.72 741.50 Td ([) Tj ET Q /GS0 gs q 5.00 0 0 8.27 303.39 739.77 cm /I47 Do Q q 0 0 0 rg BT 308.39 741.50 Td (] ) Tj ET Q q 0 0 0 rg BT 313.05 741.50 Td (day ) Tj ET Q q 0 0 0 rg BT 326.60 741.50 Td (of ) Tj ET Q q 0 0 0 rg BT 335.27 741.50 Td ([) Tj ET Q /GS0 gs q 5.00 0 0 8.27 337.93 739.77 cm /I48 Do Q q 0 0 0 rg BT 342.93 741.50 Td (], ) Tj ET Q q 0 0 0 rg BT 349.59 741.50 Td (2018. ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 639.4 m 510.5 639.4 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.00 687.48 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 293.68 687.48 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 369.68 687.48 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 433.86 687.48 Td (TD.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.40 643.65 Td (By:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 631.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.00 631.35 Td (Name:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 617.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.00 614.65 Td (T) Tj ET Q q 0 0 0 rg BT 259.61 614.65 Td (itle:) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 520.8 m 510.5 520.8 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.40 568.88 Td (GRANTEE) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 224.55 525.05 Td (Signed:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 512.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.00 512.75 Td ([) Tj ET Q /GS0 gs q 5.00 0 0 8.27 257.66 511.03 cm /I49 Do Q q 0 0 0 rg BT 262.66 512.75 Td (]) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 498.75 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 199 0 obj <> endobj 200 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (5) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 533.35 740.348046875 m 562.691796875 740.348046875 l s q 0 0 0 rg BT 533.35 741.60 Td (Annex ) Tj ET Q q 0 0 0 rg BT 557.14 741.60 Td (A) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 239.1 729.298046875 m 372.87734375 729.298046875 l s q 0 0 0 rg BT 239.10 730.55 Td (Performance-Based ) Tj ET Q q 0 0 0 rg BT 308.49 730.55 Td (V) Tj ET Q q 0 0 0 rg BT 313.53 730.55 Td (esting Conditions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 708.50 Td (1. ) Tj ET Q q 0 0 0 rg BT 85.50 708.50 Td (For ) Tj ET Q q 0 0 0 rg BT 98.61 708.50 Td (purposes ) Tj ET Q q 0 0 0 rg BT 129.05 708.50 Td (of ) Tj ET Q q 0 0 0 rg BT 137.72 708.50 Td (this ) Tj ET Q q 0 0 0 rg BT 150.84 708.50 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 190.38 708.50 Td (the ) Tj ET Q q 0 0 0 rg BT 202.15 708.50 Td (following ) Tj ET Q q 0 0 0 rg BT 235.26 708.50 Td (definitions ) Tj ET Q q 0 0 0 rg BT 271.48 708.50 Td (shall ) Tj ET Q q 0 0 0 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rg BT 443.73 686.40 Td (have ) Tj ET Q q 0 0 0 rg BT 461.00 686.40 Td (been ) Tj ET Q q 0 0 0 rg BT 478.28 686.40 Td (achieved ) Tj ET Q q 0 0 0 rg BT 508.88 686.40 Td (in ) Tj ET Q q 0 0 0 rg BT 517.28 686.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 542.11 686.40 Td (of ) Tj ET Q q 0 0 0 rg BT 550.95 686.40 Td (any ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 675.35 Td (applicable ) Tj ET Q q 0 0 0 rg BT 119.13 675.35 Td (Performance ) Tj ET Q q 0 0 0 rg BT 161.75 675.35 Td (Period ) Tj ET Q q 0 0 0 rg BT 184.39 675.35 Td (and ) Tj ET Q q 0 0 0 rg BT 197.70 675.35 Td (the ) Tj ET Q q 0 0 0 rg BT 209.22 675.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 234.97 675.35 Td (of ) Tj ET Q q 0 0 0 rg BT 243.39 675.35 Td (any ) Tj ET Q q 0 0 0 rg BT 256.31 675.35 Td (A) Tj ET Q q 0 0 0 rg BT 261.35 675.35 Td (ward ) Tj ET Q q 0 0 0 rg BT 279.10 675.35 Td (earned ) Tj ET Q q 0 0 0 rg BT 302.17 675.35 Td (in ) Tj ET Q q 0 0 0 rg BT 310.15 675.35 Td (respect ) Tj ET Q q 0 0 0 rg BT 334.56 675.35 Td (of ) Tj ET Q q 0 0 0 rg BT 342.98 675.35 Td (such ) Tj ET Q q 0 0 0 rg BT 359.40 675.35 Td (Performance ) Tj ET Q q 0 0 0 rg BT 402.02 675.35 Td (Period, ) Tj ET Q q 0 0 0 rg BT 426.66 675.35 Td (which ) Tj ET Q q 0 0 0 rg BT 447.97 675.35 Td (confirmation ) Tj ET Q q 0 0 0 rg BT 491.04 675.35 Td (shall ) Tj ET Q q 0 0 0 rg BT 507.90 675.35 Td (be ) Tj ET Q q 0 0 0 rg BT 517.21 675.35 Td (issued ) Tj ET Q q 0 0 0 rg BT 538.97 675.35 Td (as ) Tj ET Q q 0 0 0 rg BT 547.38 675.35 Td (soon ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 664.35 Td (administratively ) Tj ET Q q 0 0 0 rg BT 138.19 664.35 Td (feasible ) Tj ET Q q 0 0 0 rg BT 164.77 664.35 Td (following ) Tj ET Q q 0 0 0 rg BT 197.58 664.35 Td (the ) Tj ET Q q 0 0 0 rg BT 209.06 664.35 Td (end ) Tj ET Q q 0 0 0 rg BT 222.31 664.35 Td (of ) Tj ET Q q 0 0 0 rg BT 230.68 664.35 Td (the ) Tj ET Q q 0 0 0 rg BT 242.16 664.35 Td (applicable ) Tj ET Q q 0 0 0 rg BT 276.73 664.35 Td (Performance ) Tj ET Q q 0 0 0 rg BT 319.30 664.35 Td (Period ) Tj ET Q q 0 0 0 rg BT 341.89 664.35 Td (and ) Tj ET Q q 0 0 0 rg BT 355.14 664.35 Td (in ) Tj ET Q q 0 0 0 rg BT 363.07 664.35 Td (no ) Tj ET Q q 0 0 0 rg BT 372.77 664.35 Td (event ) Tj ET Q q 0 0 0 rg BT 391.80 664.35 Td (later ) Tj ET Q q 0 0 0 rg BT 407.71 664.35 Td (than ) Tj ET Q q 0 0 0 rg BT 423.19 664.35 Td (the ) Tj ET Q q 0 0 0 rg BT 434.67 664.35 Td (Second ) Tj ET Q q 0 0 0 rg BT 459.55 664.35 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 500.79 664.35 Td (Early ) Tj ET Q q 0 0 0 rg BT 519.70 664.35 Td (V) Tj ET Q q 0 0 0 rg BT 524.59 664.35 Td (esting ) Tj ET Q q 0 0 0 rg BT 545.40 664.35 Td (Date, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 653.30 Td (the ) Tj ET Q q 0 0 0 rg BT 96.13 653.30 Td (Third ) Tj ET Q q 0 0 0 rg BT 115.46 653.30 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 157.00 653.30 Td (Early ) Tj ET Q q 0 0 0 rg BT 176.18 653.30 Td (V) Tj ET Q q 0 0 0 rg BT 181.07 653.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 202.18 653.30 Td (Date ) Tj ET Q q 0 0 0 rg BT 219.29 653.30 Td (or ) Tj ET Q q 0 0 0 rg BT 227.95 653.30 Td (the ) Tj ET Q q 0 0 0 rg BT 239.72 653.30 Td (Final ) Tj ET Q q 0 0 0 rg BT 258.02 653.30 Td (V) Tj ET Q q 0 0 0 rg BT 262.91 653.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 284.02 653.30 Td (Date, ) Tj ET Q q 0 0 0 rg BT 303.13 653.30 Td (as ) Tj ET Q q 0 0 0 rg BT 311.79 653.30 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 348.52 653.30 Td (The ) Tj ET Q q 0 0 0 rg BT 362.95 653.30 Td (determination ) Tj ET Q q 0 0 0 rg BT 409.38 653.30 Td (of ) Tj ET Q q 0 0 0 rg BT 418.05 653.30 Td (the ) Tj ET Q q 0 0 0 rg BT 429.82 653.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 467.37 653.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 484.48 653.30 Td (be ) Tj ET Q q 0 0 0 rg BT 494.03 653.30 Td (final ) Tj ET Q q 0 0 0 rg BT 510.69 653.30 Td (and ) Tj ET Q q 0 0 0 rg BT 524.24 653.30 Td (binding. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 631.20 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 631.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 631.20 Td (FCF) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.60 631.20 Td ( ) Tj ET Q q 0 0 0 rg BT 109.83 631.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 127.62 631.20 Td (mean ) Tj ET Q q 0 0 0 rg BT 147.62 631.20 Td (unlevered ) Tj ET Q q 0 0 0 rg BT 181.83 631.20 Td (free ) Tj ET Q q 0 0 0 rg BT 196.94 631.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 213.83 631.20 Td (flow) Tj ET Q q 0 0 0 rg BT 227.97 631.20 Td (, ) Tj ET Q q 0 0 0 rg BT 232.65 631.20 Td (which ) Tj ET Q q 0 0 0 rg BT 254.88 631.20 Td (is ) Tj ET Q q 0 0 0 rg BT 262.89 631.20 Td (defined ) Tj ET Q q 0 0 0 rg BT 289.56 631.20 Td (as ) Tj ET Q q 0 0 0 rg BT 298.90 631.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 315.79 631.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 336.24 631.20 Td (from ) Tj ET Q q 0 0 0 rg BT 354.47 631.20 Td (continuing ) Tj ET Q q 0 0 0 rg BT 391.37 631.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 424.25 631.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 455.81 631.20 Td (plus ) Tj ET Q q 0 0 0 rg BT 471.82 631.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 488.71 631.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 505.16 631.20 Td (for ) Tj ET Q q 0 0 0 rg BT 517.17 631.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 543.39 631.20 Td (or ) Tj ET Q q 0 0 0 rg BT 552.73 631.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 620.15 Td (commitment ) Tj ET Q q 0 0 0 rg BT 127.21 620.15 Td (or ) Tj ET Q q 0 0 0 rg BT 136.15 620.15 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 169.51 620.15 Td (fees ) Tj ET Q q 0 0 0 rg BT 184.66 620.15 Td (to ) Tj ET Q q 0 0 0 rg BT 192.99 620.15 Td (W) Tj ET Q q 0 0 0 rg BT 199.90 620.15 Td (arner ) Tj ET Q q 0 0 0 rg BT 218.60 620.15 Td (Media, ) Tj ET Q q 0 0 0 rg BT 243.31 620.15 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 262.70 620.15 Td (less ) Tj ET Q q 0 0 0 rg BT 276.97 620.15 Td (purchases ) Tj ET Q q 0 0 0 rg BT 310.78 620.15 Td (of ) Tj ET Q q 0 0 0 rg BT 319.72 620.15 Td (property) Tj ET Q q 0 0 0 rg BT 346.30 620.15 Td (, ) Tj ET Q q 0 0 0 rg BT 350.57 620.15 Td (plant ) Tj ET Q q 0 0 0 rg BT 368.84 620.15 Td (and ) Tj ET Q q 0 0 0 rg BT 382.67 620.15 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 420.71 620.15 Td (net ) Tj ET Q q 0 0 0 rg BT 432.75 620.15 Td (of ) Tj ET Q q 0 0 0 rg BT 441.69 620.15 Td (the ) Tj ET Q q 0 0 0 rg BT 453.74 620.15 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 484.44 620.15 Td (of ) Tj ET Q q 0 0 0 rg BT 493.38 620.15 Td (disposals ) Tj ET Q q 0 0 0 rg BT 524.98 620.15 Td (of ) Tj ET Q q 0 0 0 rg BT 533.92 620.15 Td (property) Tj ET Q q 0 0 0 rg BT 560.50 620.15 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 609.15 Td (plant ) Tj ET Q q 0 0 0 rg BT 102.37 609.15 Td (and ) Tj ET Q q 0 0 0 rg BT 115.79 609.15 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 153.44 609.15 Td (FCF ) Tj ET Q q 0 0 0 rg BT 169.54 609.15 Td (excludes ) Tj ET Q q 0 0 0 rg BT 199.40 609.15 Td (the ) Tj ET Q q 0 0 0 rg BT 211.05 609.15 Td (cash ) Tj ET Q q 0 0 0 rg BT 227.14 609.15 Td (impact ) Tj ET Q q 0 0 0 rg BT 250.78 609.15 Td (of ) Tj ET Q q 0 0 0 rg BT 259.32 609.15 Td (certain ) Tj ET Q q 0 0 0 rg BT 282.95 609.15 Td (unusual ) Tj ET Q q 0 0 0 rg BT 309.71 609.15 Td (or ) Tj ET Q q 0 0 0 rg BT 318.25 609.15 Td (infrequent ) Tj ET Q q 0 0 0 rg BT 353.00 609.15 Td (items ) Tj ET Q q 0 0 0 rg BT 372.20 609.15 Td (that ) Tj ET Q q 0 0 0 rg BT 386.07 609.15 Td (are ) Tj ET Q q 0 0 0 rg BT 397.71 609.15 Td (not ) Tj ET Q q 0 0 0 rg BT 409.81 609.15 Td (included ) Tj ET Q q 0 0 0 rg BT 439.23 609.15 Td (in ) Tj ET Q q 0 0 0 rg BT 447.32 609.15 Td (costs ) Tj ET Q q 0 0 0 rg BT 465.20 609.15 Td (char) Tj ET Q q 0 0 0 rg BT 478.82 609.15 Td (ged ) Tj ET Q q 0 0 0 rg BT 492.24 609.15 Td (in ) Tj ET Q q 0 0 0 rg BT 500.34 609.15 Td (arriving ) Tj ET Q q 0 0 0 rg BT 527.53 609.15 Td (at ) Tj ET Q q 0 0 0 rg BT 535.18 609.15 Td (OIBDA. ) Tj ET Q q 0 0 0 rg BT 564.51 609.15 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 598.10 Td (FCF ) Tj ET Q q 0 0 0 rg BT 100.67 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 111.94 598.10 Td (any ) Tj ET Q q 0 0 0 rg BT 125.43 598.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 160.24 598.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 203.04 598.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 225.87 598.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 242.92 598.10 Td (be ) Tj ET Q q 0 0 0 rg BT 252.41 598.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 286.77 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 295.37 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.97 598.10 Td (December ) Tj ET Q q 0 0 0 rg BT 338.78 598.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 348.72 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 359.98 598.10 Td (each ) Tj ET Q q 0 0 0 rg BT 376.57 598.10 Td (year ) Tj ET Q q 0 0 0 rg BT 392.28 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.88 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.59 598.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 447.40 598.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 490.21 598.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 513.03 598.10 Td (using ) Tj ET Q q 0 0 0 rg BT 532.31 598.10 Td (exchange ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 587.05 Td (rates ) Tj ET Q q 0 0 0 rg BT 101.60 587.05 Td (from ) Tj ET Q q 0 0 0 rg BT 119.15 587.05 Td (the ) Tj ET Q q 0 0 0 rg BT 130.93 587.05 Td (Company) Tj ET Q q 0 0 0 rg BT 164.26 587.05 Td (s ) Tj ET Q q 0 0 0 rg BT 169.37 587.05 Td (2019 ) Tj ET Q q 0 0 0 rg BT 187.37 587.05 Td (budget.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 564.95 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 564.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 564.95 Td (Four) Tj ET Q q 0 0 0 rg BT 104.64 564.95 Td (-Y) Tj ET Q q 0 0 0 rg BT 112.20 564.95 Td (ear) Tj ET Q q 0 0 0 rg BT 123.15 564.95 Td ( ) Tj ET Q q 0 0 0 rg BT 125.15 564.95 Td (Performance ) Tj ET Q q 0 0 0 rg BT 171.57 564.95 Td (Period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.23 564.95 Td ( ) Tj ET Q q 0 0 0 rg BT 199.78 564.95 Td (shall ) Tj ET Q q 0 0 0 rg BT 216.89 564.95 Td (mean ) Tj ET Q q 0 0 0 rg BT 236.21 564.95 Td (the ) Tj ET Q q 0 0 0 rg BT 247.99 564.95 Td (period ) Tj ET Q q 0 0 0 rg BT 270.43 564.95 Td (from ) Tj ET Q q 0 0 0 rg BT 287.98 564.95 Td (January ) Tj ET Q q 0 0 0 rg BT 314.86 564.95 Td (1, ) Tj ET Q q 0 0 0 rg BT 322.86 564.95 Td (2019 ) Tj ET Q q 0 0 0 rg BT 340.86 564.95 Td (through ) Tj ET Q q 0 0 0 rg BT 367.74 564.95 Td (December ) Tj ET Q q 0 0 0 rg BT 402.61 564.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 414.61 564.95 Td (2022. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 542.90 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 542.90 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 542.90 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 114.28 542.90 Td ( ) Tj ET Q q 0 0 0 rg BT 119.94 542.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 148.71 542.90 Td (amortization ) Tj ET Q q 0 0 0 rg BT 191.26 542.90 Td (and ) Tj ET Q q 0 0 0 rg BT 204.92 542.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 243.91 542.90 Td (of ) Tj ET Q q 0 0 0 rg BT 252.69 542.90 Td (program ) Tj ET Q q 0 0 0 rg BT 281.91 542.90 Td (rights ) Tj ET Q q 0 0 0 rg BT 302.24 542.90 Td (and ) Tj ET Q q 0 0 0 rg BT 315.91 542.90 Td (is ) Tj ET Q q 0 0 0 rg BT 323.36 542.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 361.45 542.90 Td (as ) Tj ET Q q 0 0 0 rg BT 370.23 542.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 402.55 542.90 Td (income ) Tj ET Q q 0 0 0 rg BT 428.21 542.90 Td (/ ) Tj ET Q q 0 0 0 rg BT 432.55 542.90 Td (loss ) Tj ET Q q 0 0 0 rg BT 447.11 542.90 Td (before ) Tj ET Q q 0 0 0 rg BT 469.66 542.90 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 513.30 542.90 Td (amortization ) Tj ET Q q 0 0 0 rg BT 555.85 542.90 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 531.85 Td (intangible ) Tj ET Q q 0 0 0 rg BT 118.70 531.85 Td (assets, ) Tj ET Q q 0 0 0 rg BT 141.57 531.85 Td (impairments ) Tj ET Q q 0 0 0 rg BT 183.77 531.85 Td (of ) Tj ET Q q 0 0 0 rg BT 192.64 531.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 213.52 531.85 Td (and ) Tj ET Q q 0 0 0 rg BT 227.28 531.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 251.25 531.85 Td (unusual ) Tj ET Q q 0 0 0 rg BT 278.34 531.85 Td (or ) Tj ET Q q 0 0 0 rg BT 287.21 531.85 Td (infrequent ) Tj ET Q q 0 0 0 rg BT 322.29 531.85 Td (items ) Tj ET Q q 0 0 0 rg BT 341.83 531.85 Td (that ) Tj ET Q q 0 0 0 rg BT 356.04 531.85 Td (are ) Tj ET Q q 0 0 0 rg BT 368.01 531.85 Td (not ) Tj ET Q q 0 0 0 rg BT 380.44 531.85 Td (considered ) Tj ET Q q 0 0 0 rg BT 417.30 531.85 Td (by ) Tj ET Q q 0 0 0 rg BT 427.51 531.85 Td (our ) Tj ET Q q 0 0 0 rg BT 440.38 531.85 Td (chief ) Tj ET Q q 0 0 0 rg BT 458.58 531.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 491.00 531.85 Td (decision ) Tj ET Q q 0 0 0 rg BT 519.87 531.85 Td (makers ) Tj ET Q q 0 0 0 rg BT 545.18 531.85 Td (when ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 520.80 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 119.86 520.80 Td (our ) Tj ET Q q 0 0 0 rg BT 132.56 520.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 175.02 520.80 Td (\(which ) Tj ET Q q 0 0 0 rg BT 199.27 520.80 Td (unusual ) Tj ET Q q 0 0 0 rg BT 226.20 520.80 Td (or ) Tj ET Q q 0 0 0 rg BT 234.90 520.80 Td (infrequent ) Tj ET Q q 0 0 0 rg BT 269.82 520.80 Td (items ) Tj ET Q q 0 0 0 rg BT 289.19 520.80 Td (shall ) Tj ET Q q 0 0 0 rg BT 306.34 520.80 Td (correspond ) Tj ET Q q 0 0 0 rg BT 343.92 520.80 Td (to ) Tj ET Q q 0 0 0 rg BT 352.18 520.80 Td (items ) Tj ET Q q 0 0 0 rg BT 371.55 520.80 Td (excluded ) Tj ET Q q 0 0 0 rg BT 402.46 520.80 Td (from ) Tj ET Q q 0 0 0 rg BT 420.05 520.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 444.95 520.80 Td ( ) Tj ET Q q 0 0 0 rg BT 446.98 520.80 Td (in ) Tj ET Q q 0 0 0 rg BT 455.25 520.80 Td (the ) Tj ET Q q 0 0 0 rg BT 467.06 520.80 Td (Company) Tj ET Q q 0 0 0 rg BT 500.39 520.80 Td (s ) Tj ET Q q 0 0 0 rg BT 505.09 520.80 Td (Annual ) Tj ET Q q 0 0 0 rg BT 530.68 520.80 Td (Report ) Tj ET Q q 0 0 0 rg BT 554.50 520.80 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 509.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 103.79 509.75 Td (10-K ) Tj ET Q q 0 0 0 rg BT 122.19 509.75 Td (for ) Tj ET Q q 0 0 0 rg BT 133.47 509.75 Td (the ) Tj ET Q q 0 0 0 rg BT 145.20 509.75 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 192.92 509.75 Td (year ) Tj ET Q q 0 0 0 rg BT 208.64 509.75 Td (of ) Tj ET Q q 0 0 0 rg BT 217.26 509.75 Td (the ) Tj ET Q q 0 0 0 rg BT 228.99 509.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 263.81 509.75 Td (Performance ) Tj ET Q q 0 0 0 rg BT 306.64 509.75 Td (Period\). ) Tj ET Q q 0 0 0 rg BT 334.14 509.75 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 359.03 509.75 Td ( ) Tj ET Q q 0 0 0 rg BT 360.99 509.75 Td (for ) Tj ET Q q 0 0 0 rg BT 372.27 509.75 Td (any ) Tj ET Q q 0 0 0 rg BT 385.78 509.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 420.60 509.75 Td (Performance ) Tj ET Q q 0 0 0 rg BT 463.43 509.75 Td (Period ) Tj ET Q q 0 0 0 rg BT 486.27 509.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 503.33 509.75 Td (be ) Tj ET Q q 0 0 0 rg BT 512.84 509.75 Td (calculated ) Tj ET Q q 0 0 0 rg BT 547.21 509.75 Td (as ) Tj ET Q q 0 0 0 rg BT 555.83 509.75 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 498.75 Td (December ) Tj ET Q q 0 0 0 rg BT 119.37 498.75 Td (31 ) Tj ET Q q 0 0 0 rg BT 129.37 498.75 Td (for ) Tj ET Q q 0 0 0 rg BT 140.70 498.75 Td (each ) Tj ET Q q 0 0 0 rg BT 157.35 498.75 Td (year ) Tj ET Q q 0 0 0 rg BT 173.11 498.75 Td (of ) Tj ET Q q 0 0 0 rg BT 181.78 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 193.55 498.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 228.42 498.75 Td (Performance ) Tj ET Q q 0 0 0 rg BT 271.29 498.75 Td (Period ) Tj ET Q q 0 0 0 rg BT 294.18 498.75 Td (using ) Tj ET Q q 0 0 0 rg BT 313.51 498.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 345.71 498.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 362.82 498.75 Td (from ) Tj ET Q q 0 0 0 rg BT 380.37 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 392.14 498.75 Td (Company) Tj ET Q q 0 0 0 rg BT 425.47 498.75 Td (s ) Tj ET Q q 0 0 0 rg BT 430.59 498.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 448.59 498.75 Td (budget.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 476.65 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 476.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 476.65 Td (Performance ) Tj ET Q q 0 0 0 rg BT 134.34 476.65 Td (Period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 157.00 476.65 Td ( ) Tj ET Q q 0 0 0 rg BT 162.41 476.65 Td (means ) Tj ET Q q 0 0 0 rg BT 184.72 476.65 Td (any ) Tj ET Q q 0 0 0 rg BT 198.14 476.65 Td (of ) Tj ET Q q 0 0 0 rg BT 206.67 476.65 Td (the ) Tj ET Q q 0 0 0 rg BT 218.17 476.65 Td (T) Tj ET Q q 0 0 0 rg BT 222.50 476.65 Td (wo-Y) Tj ET Q q 0 0 0 rg BT 239.92 476.65 Td (ear ) Tj ET Q q 0 0 0 rg BT 251.55 476.65 Td (Performance ) Tj ET Q q 0 0 0 rg BT 294.29 476.65 Td (Period, ) Tj ET Q q 0 0 0 rg BT 319.04 476.65 Td (the ) Tj ET Q q 0 0 0 rg BT 330.55 476.65 Td (Three-Y) Tj ET Q q 0 0 0 rg BT 356.84 476.65 Td (ear ) Tj ET Q q 0 0 0 rg BT 368.47 476.65 Td (Performance ) Tj ET Q q 0 0 0 rg BT 411.21 476.65 Td (Period ) Tj ET Q q 0 0 0 rg BT 433.96 476.65 Td (or ) Tj ET Q q 0 0 0 rg BT 442.49 476.65 Td (the ) Tj ET Q q 0 0 0 rg BT 454.13 476.65 Td (Four) Tj ET Q q 0 0 0 rg BT 469.09 476.65 Td (-Y) Tj ET Q q 0 0 0 rg BT 476.73 476.65 Td (ear ) Tj ET Q q 0 0 0 rg BT 488.36 476.65 Td (Performance ) Tj ET Q q 0 0 0 rg BT 531.09 476.65 Td (Period, ) Tj ET Q q 0 0 0 rg BT 555.85 476.65 Td (as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 465.60 Td (applicable. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 443.55 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 443.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 443.55 Td (Second ) Tj ET Q q 0 0 0 rg BT 113.96 443.55 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 158.35 443.55 Td (T) Tj ET Q q 0 0 0 rg BT 162.95 443.55 Td (arget ) Tj ET Q q 0 0 0 rg BT 182.59 443.55 Td (FCF) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.14 443.55 Td ( ) Tj ET Q q 0 0 0 rg BT 203.55 443.55 Td (means ) Tj ET Q q 0 0 0 rg BT 225.86 443.55 Td (the ) Tj ET Q q 0 0 0 rg BT 237.50 443.55 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 274.91 443.55 Td (amount ) Tj ET Q q 0 0 0 rg BT 300.77 443.55 Td (of ) Tj ET Q q 0 0 0 rg BT 309.30 443.55 Td (FCF ) Tj ET Q q 0 0 0 rg BT 325.41 443.55 Td (for ) Tj ET Q q 0 0 0 rg BT 336.60 443.55 Td (the ) Tj ET Q q 0 0 0 rg BT 348.11 443.55 Td (T) Tj ET Q q 0 0 0 rg BT 352.44 443.55 Td (wo-Y) Tj ET Q q 0 0 0 rg BT 369.85 443.55 Td (ear ) Tj ET Q q 0 0 0 rg BT 381.49 443.55 Td (Performance ) Tj ET Q q 0 0 0 rg BT 424.22 443.55 Td (Period ) Tj ET Q q 0 0 0 rg BT 446.97 443.55 Td (that ) Tj ET Q q 0 0 0 rg BT 460.84 443.55 Td (is ) Tj ET Q q 0 0 0 rg BT 468.04 443.55 Td (established ) Tj ET Q q 0 0 0 rg BT 505.46 443.55 Td (by ) Tj ET Q q 0 0 0 rg BT 515.32 443.55 Td (the ) Tj ET Q q 0 0 0 rg BT 526.96 443.55 Td (Committee ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 432.50 Td (as ) Tj ET Q q 0 0 0 rg BT 93.16 432.50 Td (set ) Tj ET Q q 0 0 0 rg BT 104.05 432.50 Td (forth ) Tj ET Q q 0 0 0 rg BT 121.60 432.50 Td (in ) Tj ET Q q 0 0 0 rg BT 129.82 432.50 Td (Schedule ) Tj ET Q q 0 0 0 rg BT 161.15 432.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 167.15 432.50 Td (of ) Tj ET Q q 0 0 0 rg BT 175.81 432.50 Td (this ) Tj ET Q q 0 0 0 rg BT 188.93 432.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 226.47 432.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 240.91 432.50 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.46 432.50 Td (Notice ) Tj ET Q q 0 0 0 rg BT 268.22 432.50 Td (of ) Tj ET Q q 0 0 0 rg BT 276.74 432.50 Td (T) Tj ET Q q 0 0 0 rg BT 281.34 432.50 Td (arget ) Tj ET Q q 0 0 0 rg BT 300.67 432.50 Td (Amounts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.79 432.50 Td (\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 410.40 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 410.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 410.40 Td (Second ) Tj ET Q q 0 0 0 rg BT 114.63 410.40 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 159.82 410.40 Td (T) Tj ET Q q 0 0 0 rg BT 164.42 410.40 Td (arget ) Tj ET Q q 0 0 0 rg BT 184.92 410.40 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.15 410.40 Td ( ) Tj ET Q q 0 0 0 rg BT 217.43 410.40 Td (means ) Tj ET Q q 0 0 0 rg BT 240.59 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 253.10 410.40 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 291.37 410.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 318.09 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 327.49 410.40 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 352.38 410.40 Td ( ) Tj ET Q q 0 0 0 rg BT 355.11 410.40 Td (for ) Tj ET Q q 0 0 0 rg BT 367.17 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 379.47 410.40 Td (T) Tj ET Q q 0 0 0 rg BT 383.80 410.40 Td (wo-Y) Tj ET Q q 0 0 0 rg BT 401.22 410.40 Td (ear ) Tj ET Q q 0 0 0 rg BT 413.71 410.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 457.31 410.40 Td (Period ) Tj ET Q q 0 0 0 rg BT 480.93 410.40 Td (that ) Tj ET Q q 0 0 0 rg BT 495.65 410.40 Td (is ) Tj ET Q q 0 0 0 rg BT 503.72 410.40 Td (established ) Tj ET Q q 0 0 0 rg BT 541.99 410.40 Td (by ) Tj ET Q q 0 0 0 rg BT 552.72 410.40 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 399.35 Td (Committee ) Tj ET Q q 0 0 0 rg BT 122.05 399.35 Td (as ) Tj ET Q q 0 0 0 rg BT 130.71 399.35 Td (set ) Tj ET Q q 0 0 0 rg BT 141.60 399.35 Td (forth ) Tj ET Q q 0 0 0 rg BT 159.15 399.35 Td (in ) Tj ET Q q 0 0 0 rg BT 167.38 399.35 Td (the ) Tj ET Q q 0 0 0 rg BT 179.15 399.35 Td (Notice ) Tj ET Q q 0 0 0 rg BT 202.47 399.35 Td (of ) Tj ET Q q 0 0 0 rg BT 210.99 399.35 Td (T) Tj ET Q q 0 0 0 rg BT 215.32 399.35 Td (ar) Tj ET Q q 0 0 0 rg BT 221.39 399.35 Td (get ) Tj ET Q q 0 0 0 rg BT 232.72 399.35 Td (Amounts.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 377.30 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 377.30 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 377.30 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 377.30 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.84 377.30 Td (FCF) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 128.40 377.30 Td ( ) Tj ET Q q 0 0 0 rg BT 134.37 377.30 Td (means ) Tj ET Q q 0 0 0 rg BT 157.24 377.30 Td (the ) Tj ET Q q 0 0 0 rg BT 169.44 377.30 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 207.41 377.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 233.83 377.30 Td (of ) Tj ET Q q 0 0 0 rg BT 242.92 377.30 Td (FCF ) Tj ET Q q 0 0 0 rg BT 259.58 377.30 Td (for ) Tj ET Q q 0 0 0 rg BT 271.34 377.30 Td (the ) Tj ET Q q 0 0 0 rg BT 283.54 377.30 Td (Four) Tj ET Q q 0 0 0 rg BT 298.49 377.30 Td (-Y) Tj ET Q q 0 0 0 rg BT 306.13 377.30 Td (ear ) Tj ET Q q 0 0 0 rg BT 318.32 377.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 361.62 377.30 Td (Period ) Tj ET Q q 0 0 0 rg BT 384.93 377.30 Td (that ) Tj ET Q q 0 0 0 rg BT 399.35 377.30 Td (is ) Tj ET Q q 0 0 0 rg BT 407.12 377.30 Td (established ) Tj ET Q q 0 0 0 rg BT 445.09 377.30 Td (by ) Tj ET Q q 0 0 0 rg BT 455.52 377.30 Td (the ) Tj ET Q q 0 0 0 rg BT 467.72 377.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 505.69 377.30 Td (as ) Tj ET Q q 0 0 0 rg BT 514.79 377.30 Td (set ) Tj ET Q q 0 0 0 rg BT 526.10 377.30 Td (forth ) Tj ET Q q 0 0 0 rg BT 544.08 377.30 Td (in ) Tj ET Q q 0 0 0 rg BT 552.73 377.30 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 366.25 Td (Notice ) Tj ET Q q 0 0 0 rg BT 107.82 366.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.34 366.25 Td (T) Tj ET Q q 0 0 0 rg BT 120.67 366.25 Td (ar) Tj ET Q q 0 0 0 rg BT 126.74 366.25 Td (get ) Tj ET Q q 0 0 0 rg BT 138.07 366.25 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 169.41 366.25 Td (that ) Tj ET Q q 0 0 0 rg BT 183.41 366.25 Td (correlates ) Tj ET Q q 0 0 0 rg BT 216.50 366.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.72 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.35 366.25 Td (T) Tj ET Q q 0 0 0 rg BT 240.68 366.25 Td (ar) Tj ET Q q 0 0 0 rg BT 246.75 366.25 Td (get ) Tj ET Q q 0 0 0 rg BT 258.52 366.25 Td (FCF ) Tj ET Q q 0 0 0 rg BT 274.31 366.25 Td (A) Tj ET Q q 0 0 0 rg BT 279.36 366.25 Td (ward.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 344.15 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 344.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 344.15 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 344.15 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.08 344.15 Td (FCF) Tj ET Q q 0 0 0 rg BT 127.33 344.15 Td ( ) Tj ET Q q 0 0 0 rg BT 129.00 344.15 Td (Maximum) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.55 344.15 Td ( ) Tj ET Q q 0 0 0 rg BT 169.76 344.15 Td (means ) Tj ET Q q 0 0 0 rg BT 191.86 344.15 Td (the ) Tj ET Q q 0 0 0 rg BT 203.29 344.15 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 240.50 344.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 266.16 344.15 Td (of ) Tj ET Q q 0 0 0 rg BT 274.48 344.15 Td (FCF ) Tj ET Q q 0 0 0 rg BT 290.38 344.15 Td (for ) Tj ET Q q 0 0 0 rg BT 301.37 344.15 Td (the ) Tj ET Q q 0 0 0 rg BT 312.81 344.15 Td (Four) Tj ET Q q 0 0 0 rg BT 327.76 344.15 Td (-Y) Tj ET Q q 0 0 0 rg BT 335.40 344.15 Td (ear ) Tj ET Q q 0 0 0 rg BT 346.83 344.15 Td (Performance ) Tj ET Q q 0 0 0 rg BT 389.36 344.15 Td (Period ) Tj ET Q q 0 0 0 rg BT 411.91 344.15 Td (that ) Tj ET Q q 0 0 0 rg BT 425.56 344.15 Td (is ) Tj ET Q q 0 0 0 rg BT 432.56 344.15 Td (established ) Tj ET Q q 0 0 0 rg BT 469.77 344.15 Td (by ) Tj ET Q q 0 0 0 rg BT 479.43 344.15 Td (the ) Tj ET Q q 0 0 0 rg BT 490.87 344.15 Td (Committee ) Tj ET Q q 0 0 0 rg BT 528.08 344.15 Td (as ) Tj ET Q q 0 0 0 rg BT 536.41 344.15 Td (set ) Tj ET Q q 0 0 0 rg BT 546.96 344.15 Td (forth ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 333.15 Td (in ) Tj ET Q q 0 0 0 rg BT 92.72 333.15 Td (the ) Tj ET Q q 0 0 0 rg BT 104.50 333.15 Td (Notice ) Tj ET Q q 0 0 0 rg BT 127.82 333.15 Td (of ) Tj ET Q q 0 0 0 rg BT 136.34 333.15 Td (T) Tj ET Q q 0 0 0 rg BT 140.67 333.15 Td (ar) Tj ET Q q 0 0 0 rg BT 146.74 333.15 Td (get ) Tj ET Q q 0 0 0 rg BT 158.07 333.15 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 189.41 333.15 Td (that ) Tj ET Q q 0 0 0 rg BT 203.40 333.15 Td (correlates ) Tj ET Q q 0 0 0 rg BT 236.49 333.15 Td (to ) Tj ET Q q 0 0 0 rg BT 244.71 333.15 Td (200% ) Tj ET Q q 0 0 0 rg BT 265.38 333.15 Td (of ) Tj ET Q q 0 0 0 rg BT 274.04 333.15 Td (the ) Tj ET Q q 0 0 0 rg BT 285.67 333.15 Td (T) Tj ET Q q 0 0 0 rg BT 290.00 333.15 Td (ar) Tj ET Q q 0 0 0 rg BT 296.07 333.15 Td (get ) Tj ET Q q 0 0 0 rg BT 307.84 333.15 Td (FCF ) Tj ET Q q 0 0 0 rg BT 323.64 333.15 Td (A) Tj ET Q q 0 0 0 rg BT 328.68 333.15 Td (ward.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 311.05 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 311.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 311.05 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 311.05 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.14 311.05 Td (FCF) Tj ET Q q 0 0 0 rg BT 127.39 311.05 Td ( ) Tj ET Q q 0 0 0 rg BT 129.12 311.05 Td (Minimum) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 163.34 311.05 Td ( ) Tj ET Q q 0 0 0 rg BT 168.61 311.05 Td (means ) Tj ET Q q 0 0 0 rg BT 190.77 311.05 Td (the ) Tj ET Q q 0 0 0 rg BT 202.27 311.05 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 239.54 311.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 265.25 311.05 Td (of ) Tj ET Q q 0 0 0 rg BT 273.64 311.05 Td (FCF ) Tj ET Q q 0 0 0 rg BT 289.60 311.05 Td (for ) Tj ET Q q 0 0 0 rg BT 300.65 311.05 Td (the ) Tj ET Q q 0 0 0 rg BT 312.14 311.05 Td (Four) Tj ET Q q 0 0 0 rg BT 327.10 311.05 Td (-Y) Tj ET Q q 0 0 0 rg BT 334.74 311.05 Td (ear ) Tj ET Q q 0 0 0 rg BT 346.23 311.05 Td (Performance ) Tj ET Q q 0 0 0 rg BT 388.82 311.05 Td (Period ) Tj ET Q q 0 0 0 rg BT 411.43 311.05 Td (that ) Tj ET Q q 0 0 0 rg BT 425.14 311.05 Td (is ) Tj ET Q q 0 0 0 rg BT 432.20 311.05 Td (established ) Tj ET Q q 0 0 0 rg BT 469.47 311.05 Td (by ) Tj ET Q q 0 0 0 rg BT 479.20 311.05 Td (the ) Tj ET Q q 0 0 0 rg BT 490.69 311.05 Td (Committee ) Tj ET Q q 0 0 0 rg BT 527.96 311.05 Td (as ) Tj ET Q q 0 0 0 rg BT 536.35 311.05 Td (set ) Tj ET Q q 0 0 0 rg BT 546.96 311.05 Td (forth ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 300.00 Td (in ) Tj ET Q q 0 0 0 rg BT 92.72 300.00 Td (the ) Tj ET Q q 0 0 0 rg BT 104.50 300.00 Td (Notice ) Tj ET Q q 0 0 0 rg BT 127.82 300.00 Td (of ) Tj ET Q q 0 0 0 rg BT 136.34 300.00 Td (T) Tj ET Q q 0 0 0 rg BT 140.67 300.00 Td (ar) Tj ET Q q 0 0 0 rg BT 146.74 300.00 Td (get ) Tj ET Q q 0 0 0 rg BT 158.07 300.00 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 189.41 300.00 Td (that ) Tj ET Q q 0 0 0 rg BT 203.40 300.00 Td (correlates ) Tj ET Q q 0 0 0 rg BT 236.49 300.00 Td (to ) Tj ET Q q 0 0 0 rg BT 244.71 300.00 Td (50% ) Tj ET Q q 0 0 0 rg BT 261.38 300.00 Td (of ) Tj ET Q q 0 0 0 rg BT 270.04 300.00 Td (the ) Tj ET Q q 0 0 0 rg BT 281.67 300.00 Td (T) Tj ET Q q 0 0 0 rg BT 286.00 300.00 Td (ar) Tj ET Q q 0 0 0 rg BT 292.07 300.00 Td (get ) Tj ET Q q 0 0 0 rg BT 303.84 300.00 Td (FCF ) Tj ET Q q 0 0 0 rg BT 319.64 300.00 Td (A) Tj ET Q q 0 0 0 rg BT 324.68 300.00 Td (ward.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 277.95 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 277.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 277.95 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 277.95 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.42 277.95 Td (FCF) Tj ET Q q 0 0 0 rg BT 127.67 277.95 Td ( ) Tj ET Q q 0 0 0 rg BT 129.23 277.95 Td (A) Tj ET Q q 0 0 0 rg BT 134.41 277.95 Td (ward) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.19 277.95 Td ( ) Tj ET Q q 0 0 0 rg BT 157.74 277.95 Td (means ) Tj ET Q q 0 0 0 rg BT 180.18 277.95 Td ([) Tj ET Q BT /F3 8.00 Tf ET /GS0 gs q 5.00 0 0 8.27 182.84 276.22 cm /I50 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.84 277.95 Td (] ) Tj ET Q q 0 0 0 rg BT 192.51 277.95 Td (PRSUs, ) Tj ET Q q 0 0 0 rg BT 219.63 277.95 Td (representing ) Tj ET Q q 0 0 0 rg BT 261.17 277.95 Td (50% ) Tj ET Q q 0 0 0 rg BT 277.84 277.95 Td (of ) Tj ET Q q 0 0 0 rg BT 286.50 277.95 Td (the ) Tj ET Q q 0 0 0 rg BT 298.13 277.95 Td (T) Tj ET Q q 0 0 0 rg BT 302.46 277.95 Td (ar) Tj ET Q q 0 0 0 rg BT 308.53 277.95 Td (get.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 255.85 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 255.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 255.85 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 255.85 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.43 255.85 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 138.66 255.85 Td ( ) Tj ET Q q 0 0 0 rg BT 144.22 255.85 Td (means ) Tj ET Q q 0 0 0 rg BT 166.67 255.85 Td (the ) Tj ET Q q 0 0 0 rg BT 178.45 255.85 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 216.01 255.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 242.02 255.85 Td (of ) Tj ET Q q 0 0 0 rg BT 250.69 255.85 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 275.58 255.85 Td ( ) Tj ET Q q 0 0 0 rg BT 277.59 255.85 Td (for ) Tj ET Q q 0 0 0 rg BT 288.93 255.85 Td (the ) Tj ET Q q 0 0 0 rg BT 300.72 255.85 Td (Four) Tj ET Q q 0 0 0 rg BT 315.67 255.85 Td (-Y) Tj ET Q q 0 0 0 rg BT 323.31 255.85 Td (ear ) Tj ET Q q 0 0 0 rg BT 335.09 255.85 Td (Performance ) Tj ET Q q 0 0 0 rg BT 377.97 255.85 Td (Period ) Tj ET Q q 0 0 0 rg BT 400.87 255.85 Td (that ) Tj ET Q q 0 0 0 rg BT 414.88 255.85 Td (is ) Tj ET Q q 0 0 0 rg BT 422.22 255.85 Td (established ) Tj ET Q q 0 0 0 rg BT 459.78 255.85 Td (by ) Tj ET Q q 0 0 0 rg BT 469.79 255.85 Td (the ) Tj ET Q q 0 0 0 rg BT 481.58 255.85 Td (Committee ) Tj ET Q q 0 0 0 rg BT 519.14 255.85 Td (as ) Tj ET Q q 0 0 0 rg BT 527.82 255.85 Td (set ) Tj ET Q q 0 0 0 rg BT 538.71 255.85 Td (forth ) Tj ET Q q 0 0 0 rg BT 556.28 255.85 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 244.80 Td (the ) Tj ET Q q 0 0 0 rg BT 96.27 244.80 Td (Notice ) Tj ET Q q 0 0 0 rg BT 119.60 244.80 Td (of ) Tj ET Q q 0 0 0 rg BT 128.12 244.80 Td (T) Tj ET Q q 0 0 0 rg BT 132.45 244.80 Td (ar) Tj ET Q q 0 0 0 rg BT 138.52 244.80 Td (get ) Tj ET Q q 0 0 0 rg BT 149.85 244.80 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 181.18 244.80 Td (that ) Tj ET Q q 0 0 0 rg BT 195.18 244.80 Td (correlates ) Tj ET Q q 0 0 0 rg BT 228.27 244.80 Td (to ) Tj ET Q q 0 0 0 rg BT 236.49 244.80 Td (the ) Tj ET Q q 0 0 0 rg BT 248.12 244.80 Td (T) Tj ET Q q 0 0 0 rg BT 252.45 244.80 Td (ar) Tj ET Q q 0 0 0 rg BT 258.52 244.80 Td (get ) Tj ET Q q 0 0 0 rg BT 270.29 244.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 295.18 244.80 Td ( ) Tj ET Q q 0 0 0 rg BT 296.74 244.80 Td (A) Tj ET Q q 0 0 0 rg BT 301.79 244.80 Td (ward.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 222.75 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 222.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 222.75 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 222.75 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.41 222.75 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 138.19 222.75 Td ( ) Tj ET Q q 0 0 0 rg BT 140.18 222.75 Td (Maximum) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.73 222.75 Td ( ) Tj ET Q q 0 0 0 rg BT 181.28 222.75 Td (means ) Tj ET Q q 0 0 0 rg BT 203.70 222.75 Td (the ) Tj ET Q q 0 0 0 rg BT 215.47 222.75 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 253.00 222.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 278.99 222.75 Td (of ) Tj ET Q q 0 0 0 rg BT 287.64 222.75 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 312.53 222.75 Td ( ) Tj ET Q q 0 0 0 rg BT 314.52 222.75 Td (for ) Tj ET Q q 0 0 0 rg BT 325.84 222.75 Td (the ) Tj ET Q q 0 0 0 rg BT 337.60 222.75 Td (Four) Tj ET Q q 0 0 0 rg BT 352.56 222.75 Td (-Y) Tj ET Q q 0 0 0 rg BT 360.20 222.75 Td (ear ) Tj ET Q q 0 0 0 rg BT 371.95 222.75 Td (Performance ) Tj ET Q q 0 0 0 rg BT 414.81 222.75 Td (Period ) Tj ET Q q 0 0 0 rg BT 437.69 222.75 Td (that ) Tj ET Q q 0 0 0 rg BT 451.67 222.75 Td (is ) Tj ET Q q 0 0 0 rg BT 459.00 222.75 Td (established ) Tj ET Q q 0 0 0 rg BT 496.54 222.75 Td (by ) Tj ET Q q 0 0 0 rg BT 506.53 222.75 Td (the ) Tj ET Q q 0 0 0 rg BT 518.29 222.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 555.83 222.75 Td (as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 211.70 Td (set ) Tj ET Q q 0 0 0 rg BT 95.39 211.70 Td (forth ) Tj ET Q q 0 0 0 rg BT 112.94 211.70 Td (in ) Tj ET Q q 0 0 0 rg BT 121.16 211.70 Td (the ) Tj ET Q q 0 0 0 rg BT 132.93 211.70 Td (Notice ) Tj ET Q q 0 0 0 rg BT 156.26 211.70 Td (of ) Tj ET Q q 0 0 0 rg BT 164.78 211.70 Td (T) Tj ET Q q 0 0 0 rg BT 169.11 211.70 Td (ar) Tj ET Q q 0 0 0 rg BT 175.18 211.70 Td (get ) Tj ET Q q 0 0 0 rg BT 186.51 211.70 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 217.84 211.70 Td (that ) Tj ET Q q 0 0 0 rg BT 231.84 211.70 Td (correlates ) Tj ET Q q 0 0 0 rg BT 264.93 211.70 Td (to ) Tj ET Q q 0 0 0 rg BT 273.15 211.70 Td (200% ) Tj ET Q q 0 0 0 rg BT 293.82 211.70 Td (of ) Tj ET Q q 0 0 0 rg BT 302.48 211.70 Td (the ) Tj ET Q q 0 0 0 rg BT 314.11 211.70 Td (T) Tj ET Q q 0 0 0 rg BT 318.44 211.70 Td (ar) Tj ET Q q 0 0 0 rg BT 324.51 211.70 Td (get ) Tj ET Q q 0 0 0 rg BT 336.28 211.70 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 361.17 211.70 Td ( ) Tj ET Q q 0 0 0 rg BT 362.73 211.70 Td (A) Tj ET Q q 0 0 0 rg BT 367.77 211.70 Td (ward.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 189.60 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 189.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 189.60 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 189.60 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.47 189.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 138.26 189.60 Td ( ) Tj ET Q q 0 0 0 rg BT 140.32 189.60 Td (Minimum) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.54 189.60 Td ( ) Tj ET Q q 0 0 0 rg BT 180.15 189.60 Td (means ) Tj ET Q q 0 0 0 rg BT 202.64 189.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.47 189.60 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 252.07 189.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 278.12 189.60 Td (of ) Tj ET Q q 0 0 0 rg BT 286.84 189.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 311.73 189.60 Td ( ) Tj ET Q q 0 0 0 rg BT 313.79 189.60 Td (for ) Tj ET Q q 0 0 0 rg BT 325.18 189.60 Td (the ) Tj ET Q q 0 0 0 rg BT 337.01 189.60 Td (Four) Tj ET Q q 0 0 0 rg BT 351.96 189.60 Td (-Y) Tj ET Q q 0 0 0 rg BT 359.60 189.60 Td (ear ) Tj ET Q q 0 0 0 rg BT 371.42 189.60 Td (Performance ) Tj ET Q q 0 0 0 rg BT 414.35 189.60 Td (Period ) Tj ET Q q 0 0 0 rg BT 437.29 189.60 Td (that ) Tj ET Q q 0 0 0 rg BT 451.34 189.60 Td (is ) Tj ET Q q 0 0 0 rg BT 458.73 189.60 Td (established ) Tj ET Q q 0 0 0 rg BT 496.34 189.60 Td (by ) Tj ET Q q 0 0 0 rg BT 506.39 189.60 Td (the ) Tj ET Q q 0 0 0 rg BT 518.22 189.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 555.83 189.60 Td (as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 178.55 Td (set ) Tj ET Q q 0 0 0 rg BT 95.39 178.55 Td (forth ) Tj ET Q q 0 0 0 rg BT 112.94 178.55 Td (in ) Tj ET Q q 0 0 0 rg BT 121.16 178.55 Td (the ) Tj ET Q q 0 0 0 rg BT 132.93 178.55 Td (Notice ) Tj ET Q q 0 0 0 rg BT 156.26 178.55 Td (of ) Tj ET Q q 0 0 0 rg BT 164.78 178.55 Td (T) Tj ET Q q 0 0 0 rg BT 169.11 178.55 Td (ar) Tj ET Q q 0 0 0 rg BT 175.18 178.55 Td (get ) Tj ET Q q 0 0 0 rg BT 186.51 178.55 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 217.84 178.55 Td (that ) Tj ET Q q 0 0 0 rg BT 231.84 178.55 Td (correlates ) Tj ET Q q 0 0 0 rg BT 264.93 178.55 Td (to ) Tj ET Q q 0 0 0 rg BT 273.15 178.55 Td (50% ) Tj ET Q q 0 0 0 rg BT 289.82 178.55 Td (of ) Tj ET Q q 0 0 0 rg BT 298.48 178.55 Td (the ) Tj ET Q q 0 0 0 rg BT 310.11 178.55 Td (T) Tj ET Q q 0 0 0 rg BT 314.44 178.55 Td (ar) Tj ET Q q 0 0 0 rg BT 320.51 178.55 Td (get ) Tj ET Q q 0 0 0 rg BT 332.28 178.55 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 357.17 178.55 Td ( ) Tj ET Q q 0 0 0 rg BT 358.73 178.55 Td (A) Tj ET Q q 0 0 0 rg BT 363.77 178.55 Td (ward.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 156.50 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 156.50 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 156.50 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 156.50 Td (arget ) Tj ET Q q 0 0 0 rg BT 112.42 156.50 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 138.20 156.50 Td ( ) Tj ET Q q 0 0 0 rg BT 139.76 156.50 Td (A) Tj ET Q q 0 0 0 rg BT 144.95 156.50 Td (ward) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 162.72 156.50 Td ( ) Tj ET Q q 0 0 0 rg BT 168.27 156.50 Td (means ) Tj ET Q q 0 0 0 rg BT 190.71 156.50 Td ([) Tj ET Q BT /F3 8.00 Tf ET /GS0 gs q 5.00 0 0 8.27 193.38 154.77 cm /I51 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.38 156.50 Td (] ) Tj ET Q q 0 0 0 rg BT 203.04 156.50 Td (PRSUs, ) Tj ET Q q 0 0 0 rg BT 230.16 156.50 Td (representing ) Tj ET Q q 0 0 0 rg BT 271.70 156.50 Td (50% ) Tj ET Q q 0 0 0 rg BT 288.37 156.50 Td (of ) Tj ET Q q 0 0 0 rg BT 297.03 156.50 Td (the ) Tj ET Q q 0 0 0 rg BT 308.66 156.50 Td (T) Tj ET Q q 0 0 0 rg BT 312.99 156.50 Td (ar) Tj ET Q q 0 0 0 rg BT 319.06 156.50 Td (get.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 134.40 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 134.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 134.40 Td (Third ) Tj ET Q q 0 0 0 rg BT 109.51 134.40 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 153.90 134.40 Td (T) Tj ET Q q 0 0 0 rg BT 158.50 134.40 Td (arget ) Tj ET Q q 0 0 0 rg BT 178.13 134.40 Td (FCF) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.68 134.40 Td ( ) Tj ET Q q 0 0 0 rg BT 199.09 134.40 Td (means ) Tj ET Q q 0 0 0 rg BT 221.39 134.40 Td (the ) Tj ET Q q 0 0 0 rg BT 233.03 134.40 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 270.43 134.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 296.29 134.40 Td (of ) Tj ET Q q 0 0 0 rg BT 304.81 134.40 Td (FCF ) Tj ET Q q 0 0 0 rg BT 320.91 134.40 Td (for ) Tj ET Q q 0 0 0 rg BT 332.10 134.40 Td (the ) Tj ET Q q 0 0 0 rg BT 343.60 134.40 Td (Three-Y) Tj ET Q q 0 0 0 rg BT 369.89 134.40 Td (ear ) Tj ET Q q 0 0 0 rg BT 381.52 134.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 424.25 134.40 Td (Period ) Tj ET Q q 0 0 0 rg BT 446.99 134.40 Td (that ) Tj ET Q q 0 0 0 rg BT 460.85 134.40 Td (is ) Tj ET Q q 0 0 0 rg BT 468.05 134.40 Td (established ) Tj ET Q q 0 0 0 rg BT 505.46 134.40 Td (by ) Tj ET Q q 0 0 0 rg BT 515.32 134.40 Td (the ) Tj ET Q q 0 0 0 rg BT 526.95 134.40 Td (Committee ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 123.35 Td (as ) Tj ET Q q 0 0 0 rg BT 93.16 123.35 Td (set ) Tj ET Q q 0 0 0 rg BT 104.05 123.35 Td (forth ) Tj ET Q q 0 0 0 rg BT 121.60 123.35 Td (in ) Tj ET Q q 0 0 0 rg BT 129.82 123.35 Td (the ) Tj ET Q q 0 0 0 rg BT 141.60 123.35 Td (Notice ) Tj ET Q q 0 0 0 rg BT 164.92 123.35 Td (of ) Tj ET Q q 0 0 0 rg BT 173.44 123.35 Td (T) Tj ET Q q 0 0 0 rg BT 177.77 123.35 Td (ar) Tj ET Q q 0 0 0 rg BT 183.84 123.35 Td (get ) Tj ET Q q 0 0 0 rg BT 195.17 123.35 Td (Amounts.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 101.30 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 101.30 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 101.30 Td (Third ) Tj ET Q q 0 0 0 rg BT 110.18 101.30 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 155.37 101.30 Td (T) Tj ET Q q 0 0 0 rg BT 159.98 101.30 Td (arget ) Tj ET Q q 0 0 0 rg BT 180.47 101.30 Td (OIBDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.69 101.30 Td ( ) Tj ET Q q 0 0 0 rg BT 212.97 101.30 Td (means ) Tj ET Q q 0 0 0 rg BT 236.13 101.30 Td (the ) Tj ET Q q 0 0 0 rg BT 248.63 101.30 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 286.90 101.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 313.62 101.30 Td (of ) Tj ET Q q 0 0 0 rg BT 323.00 101.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 347.90 101.30 Td ( ) Tj ET Q q 0 0 0 rg BT 350.62 101.30 Td (for ) Tj ET Q q 0 0 0 rg BT 362.67 101.30 Td (the ) Tj ET Q q 0 0 0 rg BT 374.97 101.30 Td (Three-Y) Tj ET Q q 0 0 0 rg BT 401.27 101.30 Td (ear ) Tj ET Q q 0 0 0 rg BT 413.76 101.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 457.35 101.30 Td (Period ) Tj ET Q q 0 0 0 rg BT 480.96 101.30 Td (that ) Tj ET Q q 0 0 0 rg BT 495.68 101.30 Td (is ) Tj ET Q q 0 0 0 rg BT 503.74 101.30 Td (established ) Tj ET Q q 0 0 0 rg BT 542.01 101.30 Td (by ) Tj ET Q q 0 0 0 rg BT 552.74 101.30 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 90.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 122.05 90.25 Td (as ) Tj ET Q q 0 0 0 rg BT 130.71 90.25 Td (set ) Tj ET Q q 0 0 0 rg BT 141.60 90.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 159.15 90.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.38 90.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.15 90.25 Td (Notice ) Tj ET Q q 0 0 0 rg BT 202.47 90.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.99 90.25 Td (T) Tj ET Q q 0 0 0 rg BT 215.32 90.25 Td (ar) Tj ET Q q 0 0 0 rg BT 221.39 90.25 Td (get ) Tj ET Q q 0 0 0 rg BT 232.72 90.25 Td (Amounts.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 68.15 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 68.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 68.15 Td (Thr) Tj ET Q q 0 0 0 rg BT 101.24 68.15 Td (ee-Y) Tj ET Q q 0 0 0 rg BT 115.90 68.15 Td (ear) Tj ET Q q 0 0 0 rg BT 126.86 68.15 Td ( ) Tj ET Q q 0 0 0 rg BT 128.86 68.15 Td (Performance ) Tj ET Q q 0 0 0 rg BT 175.27 68.15 Td (Period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.93 68.15 Td ( ) Tj ET Q q 0 0 0 rg BT 203.48 68.15 Td (shall ) Tj ET Q q 0 0 0 rg BT 220.59 68.15 Td (mean ) Tj ET Q q 0 0 0 rg BT 239.92 68.15 Td (the ) Tj ET Q q 0 0 0 rg BT 251.69 68.15 Td (period ) Tj ET Q q 0 0 0 rg BT 274.13 68.15 Td (from ) Tj ET Q q 0 0 0 rg BT 291.68 68.15 Td (January ) Tj ET Q q 0 0 0 rg BT 318.56 68.15 Td (1, ) Tj ET Q q 0 0 0 rg BT 326.56 68.15 Td (2019 ) Tj ET Q q 0 0 0 rg BT 344.56 68.15 Td (through ) Tj ET Q q 0 0 0 rg BT 371.45 68.15 Td (December ) Tj ET Q q 0 0 0 rg BT 406.31 68.15 Td (31, ) Tj ET Q q 0 0 0 rg BT 418.31 68.15 Td (2021.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 46.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 46.10 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 46.10 Td (T) Tj ET Q q 0 0 0 rg BT 92.79 46.10 Td (wo-Y) Tj ET Q q 0 0 0 rg BT 110.13 46.10 Td (ear) Tj ET Q q 0 0 0 rg BT 121.08 46.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.08 46.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 169.50 46.10 Td (Period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.16 46.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.71 46.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 214.82 46.10 Td (mean ) Tj ET Q q 0 0 0 rg BT 234.14 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.92 46.10 Td (period ) Tj ET Q q 0 0 0 rg BT 268.36 46.10 Td (from ) Tj ET Q q 0 0 0 rg BT 285.91 46.10 Td (January ) Tj ET Q q 0 0 0 rg BT 312.79 46.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 320.79 46.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 338.79 46.10 Td (through ) Tj ET Q q 0 0 0 rg BT 365.67 46.10 Td (December ) Tj ET Q q 0 0 0 rg BT 400.54 46.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 412.54 46.10 Td (2020.) Tj ET Q endstream endobj 201 0 obj <> endobj 202 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 730.45 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 730.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 730.45 Td (T) Tj ET Q q 0 0 0 rg BT 92.65 730.45 Td (otal ) Tj ET Q q 0 0 0 rg BT 106.75 730.45 Td (A) Tj ET Q q 0 0 0 rg BT 111.94 730.45 Td (ward) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 129.71 730.45 Td ( ) Tj ET Q q 0 0 0 rg BT 134.82 730.45 Td (means ) Tj ET Q q 0 0 0 rg BT 156.81 730.45 Td (the ) Tj ET Q q 0 0 0 rg BT 168.14 730.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 193.70 730.45 Td (of ) Tj ET Q q 0 0 0 rg BT 201.92 730.45 Td (the ) Tj ET Q q 0 0 0 rg BT 213.14 730.45 Td (T) Tj ET Q q 0 0 0 rg BT 217.46 730.45 Td (ar) Tj ET Q q 0 0 0 rg BT 223.53 730.45 Td (get ) Tj ET Q q 0 0 0 rg BT 234.86 730.45 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 259.75 730.45 Td ( ) Tj ET Q q 0 0 0 rg BT 260.97 730.45 Td (A) Tj ET Q q 0 0 0 rg BT 266.01 730.45 Td (ward ) Tj ET Q q 0 0 0 rg BT 283.56 730.45 Td (based ) Tj ET Q q 0 0 0 rg BT 303.33 730.45 Td (on ) Tj ET Q q 0 0 0 rg BT 312.89 730.45 Td (the ) Tj ET Q q 0 0 0 rg BT 324.22 730.45 Td (level ) Tj ET Q q 0 0 0 rg BT 341.32 730.45 Td (of ) Tj ET Q q 0 0 0 rg BT 349.54 730.45 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 386.64 730.45 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 411.53 730.45 Td ( ) Tj ET Q q 0 0 0 rg BT 413.09 730.45 Td (achieved ) Tj ET Q q 0 0 0 rg BT 443.07 730.45 Td (for ) Tj ET Q q 0 0 0 rg BT 453.96 730.45 Td (the ) Tj ET Q q 0 0 0 rg BT 465.29 730.45 Td (Four) Tj ET Q q 0 0 0 rg BT 480.24 730.45 Td (-Y) Tj ET Q q 0 0 0 rg BT 487.88 730.45 Td (ear ) Tj ET Q q 0 0 0 rg BT 499.20 730.45 Td (Performance ) Tj ET Q q 0 0 0 rg BT 541.63 730.45 Td (Period ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 719.40 Td (and ) Tj ET Q q 0 0 0 rg BT 98.40 719.40 Td (the ) Tj ET Q q 0 0 0 rg BT 110.52 719.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 136.86 719.40 Td (of ) Tj ET Q q 0 0 0 rg BT 145.88 719.40 Td (the ) Tj ET Q q 0 0 0 rg BT 157.83 719.40 Td (T) Tj ET Q q 0 0 0 rg BT 162.15 719.40 Td (ar) Tj ET Q q 0 0 0 rg BT 168.23 719.40 Td (get ) Tj ET Q q 0 0 0 rg BT 180.35 719.40 Td (FCF ) Tj ET Q q 0 0 0 rg BT 196.41 719.40 Td (A) Tj ET Q q 0 0 0 rg BT 201.45 719.40 Td (ward ) Tj ET Q q 0 0 0 rg BT 219.79 719.40 Td (based ) Tj ET Q q 0 0 0 rg BT 240.36 719.40 Td (on ) Tj ET Q q 0 0 0 rg BT 250.70 719.40 Td (the ) Tj ET Q q 0 0 0 rg BT 262.82 719.40 Td (level ) Tj ET Q q 0 0 0 rg BT 280.72 719.40 Td (of ) Tj ET Q q 0 0 0 rg BT 289.73 719.40 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 327.62 719.40 Td (FCF ) Tj ET Q q 0 0 0 rg BT 344.20 719.40 Td (achieved ) Tj ET Q q 0 0 0 rg BT 374.98 719.40 Td (for ) Tj ET Q q 0 0 0 rg BT 386.65 719.40 Td (the ) Tj ET Q q 0 0 0 rg BT 398.77 719.40 Td (Four) Tj ET Q q 0 0 0 rg BT 413.73 719.40 Td (-Y) Tj ET Q q 0 0 0 rg BT 421.37 719.40 Td (ear ) Tj ET Q q 0 0 0 rg BT 433.48 719.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 476.70 719.40 Td (Period ) Tj ET Q q 0 0 0 rg BT 499.93 719.40 Td (earned ) Tj ET Q q 0 0 0 rg BT 523.59 719.40 Td (on ) Tj ET Q q 0 0 0 rg BT 533.94 719.40 Td (the ) Tj ET Q q 0 0 0 rg BT 546.06 719.40 Td (Final ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 708.35 Td (V) Tj ET Q q 0 0 0 rg BT 89.39 708.35 Td (esting ) Tj ET Q q 0 0 0 rg BT 110.50 708.35 Td (Date.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.50 686.30 Td ( ) Tj ET Q q 0 0 0 rg BT 84.50 686.30 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.05 686.30 Td (V) Tj ET Q q 0 0 0 rg BT 93.09 686.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 115.68 686.30 Td (Date) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 131.68 686.30 Td ( ) Tj ET Q q 0 0 0 rg BT 137.82 686.30 Td (means ) Tj ET Q q 0 0 0 rg BT 160.84 686.30 Td (any ) Tj ET Q q 0 0 0 rg BT 174.98 686.30 Td (of ) Tj ET Q q 0 0 0 rg BT 184.24 686.30 Td (the ) Tj ET Q q 0 0 0 rg BT 196.60 686.30 Td (Second ) Tj ET Q q 0 0 0 rg BT 222.17 686.30 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 264.30 686.30 Td (Early ) Tj ET Q q 0 0 0 rg BT 284.03 686.30 Td (V) Tj ET Q q 0 0 0 rg BT 288.92 686.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 310.62 686.30 Td (Date, ) Tj ET Q q 0 0 0 rg BT 330.31 686.30 Td (the ) Tj ET Q q 0 0 0 rg BT 342.49 686.30 Td (Third ) Tj ET Q q 0 0 0 rg BT 362.28 686.30 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 404.41 686.30 Td (Early ) Tj ET Q q 0 0 0 rg BT 424.14 686.30 Td (V) Tj ET Q q 0 0 0 rg BT 429.03 686.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 450.73 686.30 Td (Date ) Tj ET Q q 0 0 0 rg BT 468.42 686.30 Td (or ) Tj ET Q q 0 0 0 rg BT 477.67 686.30 Td (the ) Tj ET Q q 0 0 0 rg BT 490.04 686.30 Td (Final ) Tj ET Q q 0 0 0 rg BT 508.89 686.30 Td (V) Tj ET Q q 0 0 0 rg BT 513.78 686.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 535.48 686.30 Td (Date ) Tj ET Q q 0 0 0 rg BT 553.17 686.30 Td (\(as ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 675.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 111.08 675.25 Td (below\), ) Tj ET Q q 0 0 0 rg BT 137.89 675.25 Td (as ) Tj ET Q q 0 0 0 rg BT 147.15 675.25 Td (applicable; ) Tj ET Q q 0 0 0 rg BT 184.83 675.25 Td (provided, ) Tj ET Q q 0 0 0 rg BT 217.86 675.25 Td (that ) Tj ET Q q 0 0 0 rg BT 232.45 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.82 675.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 282.96 675.25 Td (may ) Tj ET Q q 0 0 0 rg BT 299.33 675.25 Td (in ) Tj ET Q q 0 0 0 rg BT 308.14 675.25 Td (its ) Tj ET Q q 0 0 0 rg BT 318.29 675.25 Td (discretion ) Tj ET Q q 0 0 0 rg BT 352.43 675.25 Td (permit ) Tj ET Q q 0 0 0 rg BT 375.91 675.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 401.61 675.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 419.75 675.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.57 675.25 Td (any ) Tj ET Q q 0 0 0 rg BT 442.71 675.25 Td (such ) Tj ET Q q 0 0 0 rg BT 459.78 675.25 Td (V) Tj ET Q q 0 0 0 rg BT 464.67 675.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 486.38 675.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 504.07 675.25 Td (when ) Tj ET Q q 0 0 0 rg BT 523.99 675.25 Td (it ) Tj ET Q q 0 0 0 rg BT 531.03 675.25 Td (delivers ) Tj ET Q q 0 0 0 rg BT 558.95 675.25 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.50 664.20 Td (Confirmation ) Tj ET Q q 0 0 0 rg BT 129.61 664.20 Td (in ) Tj ET Q q 0 0 0 rg BT 137.83 664.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 162.48 664.20 Td (of ) Tj ET Q q 0 0 0 rg BT 171.14 664.20 Td (the ) Tj ET Q q 0 0 0 rg BT 182.92 664.20 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 230.68 664.20 Td (Performance ) Tj ET Q q 0 0 0 rg BT 273.55 664.20 Td (Period.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 642.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 85.50 642.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 111.64 642.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.02 642.10 Td (Sections ) Tj ET Q q 0 0 0 rg BT 149.27 642.10 Td (2\(b\), ) Tj ET Q q 0 0 0 rg BT 166.75 642.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 177.78 642.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.48 642.10 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 202.95 642.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.77 642.10 Td (this ) Tj ET Q q 0 0 0 rg BT 225.00 642.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 262.69 642.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.39 642.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.31 642.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 312.22 642.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.03 642.10 Td (Confirmation, ) Tj ET Q q 0 0 0 rg BT 368.28 642.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.73 642.10 Td (A) Tj ET Q q 0 0 0 rg BT 384.77 642.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 402.92 642.10 Td (will ) Tj ET Q q 0 0 0 rg BT 417.51 642.10 Td (become ) Tj ET Q q 0 0 0 rg BT 444.53 642.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 467.12 642.10 Td (on ) Tj ET Q q 0 0 0 rg BT 477.27 642.10 Td (March ) Tj ET Q q 0 0 0 rg BT 500.29 642.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 508.44 642.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 526.59 642.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 541.18 642.10 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.73 642.10 Td (Final) Tj ET Q BT /F1 8.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 631.10 Td (V) Tj ET Q q 0 0 0 rg BT 90.54 631.10 Td (esting ) Tj ET Q q 0 0 0 rg BT 112.54 631.10 Td (Date) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 128.54 631.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 136.75 631.10 Td (as ) Tj ET Q q 0 0 0 rg BT 145.41 631.10 Td (follows:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 609.00 Td (a. ) Tj ET Q q 0 0 0 rg BT 121.50 609.00 Td (200% ) Tj ET Q q 0 0 0 rg BT 142.16 609.00 Td (of ) Tj ET Q q 0 0 0 rg BT 150.83 609.00 Td (the ) Tj ET Q q 0 0 0 rg BT 162.46 609.00 Td (T) Tj ET Q q 0 0 0 rg BT 166.79 609.00 Td (ar) Tj ET Q q 0 0 0 rg BT 172.86 609.00 Td (get ) Tj ET Q q 0 0 0 rg BT 184.63 609.00 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 209.52 609.00 Td ( ) Tj ET Q q 0 0 0 rg BT 211.08 609.00 Td (A) Tj ET Q q 0 0 0 rg BT 216.12 609.00 Td (ward ) Tj ET Q q 0 0 0 rg BT 234.11 609.00 Td (will ) Tj ET Q q 0 0 0 rg BT 248.56 609.00 Td (vest ) Tj ET Q q 0 0 0 rg BT 263.45 609.00 Td (if ) Tj ET Q q 0 0 0 rg BT 270.33 609.00 Td (the ) Tj ET Q q 0 0 0 rg BT 282.11 609.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 315.21 609.00 Td (has ) Tj ET Q q 0 0 0 rg BT 327.88 609.00 Td (achieved ) Tj ET Q q 0 0 0 rg BT 358.30 609.00 Td (the ) Tj ET Q q 0 0 0 rg BT 369.93 609.00 Td (T) Tj ET Q q 0 0 0 rg BT 374.26 609.00 Td (ar) Tj ET Q q 0 0 0 rg BT 380.33 609.00 Td (get ) Tj ET Q q 0 0 0 rg BT 392.11 609.00 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 417.00 609.00 Td ( ) Tj ET Q q 0 0 0 rg BT 419.00 609.00 Td (Maximum; ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 586.90 Td (b. ) Tj ET Q q 0 0 0 rg BT 121.50 586.90 Td (200% ) Tj ET Q q 0 0 0 rg BT 142.16 586.90 Td (of ) Tj ET Q q 0 0 0 rg BT 150.83 586.90 Td (the ) Tj ET Q q 0 0 0 rg BT 162.46 586.90 Td (T) Tj ET Q q 0 0 0 rg BT 166.79 586.90 Td (ar) Tj ET Q q 0 0 0 rg BT 172.86 586.90 Td (get ) Tj ET Q q 0 0 0 rg BT 184.63 586.90 Td (FCF ) Tj ET Q q 0 0 0 rg BT 200.42 586.90 Td (A) Tj ET Q q 0 0 0 rg BT 205.46 586.90 Td (ward ) Tj ET Q q 0 0 0 rg BT 223.46 586.90 Td (will ) Tj ET Q q 0 0 0 rg BT 237.90 586.90 Td (vest ) Tj ET Q q 0 0 0 rg BT 252.79 586.90 Td (if ) Tj ET Q q 0 0 0 rg BT 259.68 586.90 Td (the ) Tj ET Q q 0 0 0 rg BT 271.45 586.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 304.56 586.90 Td (has ) Tj ET Q q 0 0 0 rg BT 317.22 586.90 Td (achieved ) Tj ET Q q 0 0 0 rg BT 347.65 586.90 Td (the ) Tj ET Q q 0 0 0 rg BT 359.28 586.90 Td (T) Tj ET Q q 0 0 0 rg BT 363.61 586.90 Td (ar) Tj ET Q q 0 0 0 rg BT 369.68 586.90 Td (get ) Tj ET Q q 0 0 0 rg BT 381.45 586.90 Td (FCF ) Tj ET Q q 0 0 0 rg BT 397.68 586.90 Td (Maximum; ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 564.85 Td (c. ) Tj ET Q q 0 0 0 rg BT 121.50 564.85 Td (100% ) Tj ET Q q 0 0 0 rg BT 142.16 564.85 Td (of ) Tj ET Q q 0 0 0 rg BT 150.83 564.85 Td (the ) Tj ET Q q 0 0 0 rg BT 162.46 564.85 Td (T) Tj ET Q q 0 0 0 rg BT 166.79 564.85 Td (ar) Tj ET Q q 0 0 0 rg BT 172.86 564.85 Td (get ) Tj ET Q q 0 0 0 rg BT 184.63 564.85 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 209.52 564.85 Td ( ) Tj ET Q q 0 0 0 rg BT 211.08 564.85 Td (A) Tj ET Q q 0 0 0 rg BT 216.12 564.85 Td (ward ) Tj ET Q q 0 0 0 rg BT 234.11 564.85 Td (will ) Tj ET Q q 0 0 0 rg BT 248.56 564.85 Td (vest ) Tj ET Q q 0 0 0 rg BT 263.45 564.85 Td (if ) Tj ET Q q 0 0 0 rg BT 270.33 564.85 Td (the ) Tj ET Q q 0 0 0 rg BT 282.11 564.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 315.21 564.85 Td (has ) Tj ET Q q 0 0 0 rg BT 327.88 564.85 Td (achieved ) Tj ET Q q 0 0 0 rg BT 358.16 564.85 Td (T) Tj ET Q q 0 0 0 rg BT 362.49 564.85 Td (ar) Tj ET Q q 0 0 0 rg BT 368.56 564.85 Td (get ) Tj ET Q q 0 0 0 rg BT 380.33 564.85 Td (OIBDA;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 542.75 Td (d. ) Tj ET Q q 0 0 0 rg BT 121.50 542.75 Td (100% ) Tj ET Q q 0 0 0 rg BT 142.16 542.75 Td (of ) Tj ET Q q 0 0 0 rg BT 150.83 542.75 Td (the ) Tj ET Q q 0 0 0 rg BT 162.46 542.75 Td (T) Tj ET Q q 0 0 0 rg BT 166.79 542.75 Td (ar) Tj ET Q q 0 0 0 rg BT 172.86 542.75 Td (get ) Tj ET Q q 0 0 0 rg BT 184.63 542.75 Td (FCF ) Tj ET Q q 0 0 0 rg BT 200.42 542.75 Td (A) Tj ET Q q 0 0 0 rg BT 205.46 542.75 Td (ward ) Tj ET Q q 0 0 0 rg BT 223.46 542.75 Td (will ) Tj ET Q q 0 0 0 rg BT 237.90 542.75 Td (vest ) Tj ET Q q 0 0 0 rg BT 252.79 542.75 Td (if ) Tj ET Q q 0 0 0 rg BT 259.68 542.75 Td (the ) Tj ET Q q 0 0 0 rg BT 271.45 542.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 304.56 542.75 Td (has ) Tj ET Q q 0 0 0 rg BT 317.22 542.75 Td (achieved ) Tj ET Q q 0 0 0 rg BT 347.65 542.75 Td (the ) Tj ET Q q 0 0 0 rg BT 359.28 542.75 Td (T) Tj ET Q q 0 0 0 rg BT 363.61 542.75 Td (ar) Tj ET Q q 0 0 0 rg BT 369.68 542.75 Td (get ) Tj ET Q q 0 0 0 rg BT 381.45 542.75 Td (FCF;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.00 520.70 Td (e. ) Tj ET Q q 0 0 0 rg BT 121.50 520.70 Td (50% ) Tj ET Q q 0 0 0 rg BT 138.16 520.70 Td (the ) Tj ET Q q 0 0 0 rg BT 149.79 520.70 Td (T) Tj ET Q q 0 0 0 rg BT 154.12 520.70 Td (ar) Tj ET Q q 0 0 0 rg BT 160.19 520.70 Td (get ) Tj ET Q q 0 0 0 rg BT 171.96 520.70 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 196.86 520.70 Td ( ) Tj ET Q q 0 0 0 rg BT 198.41 520.70 Td (A) Tj ET Q q 0 0 0 rg BT 203.46 520.70 Td (ward ) Tj ET Q q 0 0 0 rg BT 221.45 520.70 Td (will ) Tj ET Q q 0 0 0 rg BT 235.89 520.70 Td (vest ) Tj ET Q q 0 0 0 rg BT 250.78 520.70 Td (if ) Tj ET Q q 0 0 0 rg BT 257.67 520.70 Td (the ) Tj ET Q q 0 0 0 rg BT 269.44 520.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 302.55 520.70 Td (has ) Tj ET Q q 0 0 0 rg BT 315.21 520.70 Td (achieved ) Tj ET Q q 0 0 0 rg BT 345.64 520.70 Td (the ) Tj ET Q q 0 0 0 rg BT 357.27 520.70 Td (T) Tj ET Q q 0 0 0 rg BT 361.60 520.70 Td (ar) Tj ET Q q 0 0 0 rg BT 367.67 520.70 Td (get ) Tj ET Q q 0 0 0 rg BT 379.44 520.70 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 404.33 520.70 Td ( ) Tj ET Q q 0 0 0 rg BT 406.33 520.70 Td (Minimum;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 498.60 Td (f. ) Tj ET Q q 0 0 0 rg BT 121.50 498.60 Td (50% ) Tj ET Q q 0 0 0 rg BT 138.16 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 146.83 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 158.46 498.60 Td (T) Tj ET Q q 0 0 0 rg BT 162.79 498.60 Td (ar) Tj ET Q q 0 0 0 rg BT 168.86 498.60 Td (get ) Tj ET Q q 0 0 0 rg BT 180.63 498.60 Td (FCF ) Tj ET Q q 0 0 0 rg BT 196.42 498.60 Td (A) Tj ET Q q 0 0 0 rg BT 201.46 498.60 Td (ward ) Tj ET Q q 0 0 0 rg BT 219.46 498.60 Td (will ) Tj ET Q q 0 0 0 rg BT 233.90 498.60 Td (vest ) Tj ET Q q 0 0 0 rg BT 248.79 498.60 Td (if ) Tj ET Q q 0 0 0 rg BT 255.68 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 267.45 498.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 300.56 498.60 Td (has ) Tj ET Q q 0 0 0 rg BT 313.22 498.60 Td (achieved ) Tj ET Q q 0 0 0 rg BT 343.65 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 355.28 498.60 Td (T) Tj ET Q q 0 0 0 rg BT 359.61 498.60 Td (ar) Tj ET Q q 0 0 0 rg BT 365.68 498.60 Td (get ) Tj ET Q q 0 0 0 rg BT 377.45 498.60 Td (FCF ) Tj ET Q q 0 0 0 rg BT 393.68 498.60 Td (Minimum; ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 476.50 Td (g. ) Tj ET Q q 0 0 0 rg BT 121.50 476.50 Td (0% ) Tj ET Q q 0 0 0 rg BT 134.36 476.50 Td (of ) Tj ET Q q 0 0 0 rg BT 143.21 476.50 Td (the ) Tj ET Q q 0 0 0 rg BT 155.02 476.50 Td (T) Tj ET Q q 0 0 0 rg BT 159.35 476.50 Td (ar) Tj ET Q q 0 0 0 rg BT 165.42 476.50 Td (get ) Tj ET Q q 0 0 0 rg BT 177.38 476.50 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 202.28 476.50 Td ( ) Tj ET Q q 0 0 0 rg BT 203.98 476.50 Td (A) Tj ET Q q 0 0 0 rg BT 209.03 476.50 Td (ward ) Tj ET Q q 0 0 0 rg BT 227.21 476.50 Td (will ) Tj ET Q q 0 0 0 rg BT 241.85 476.50 Td (vest ) Tj ET Q q 0 0 0 rg BT 256.93 476.50 Td (on ) Tj ET Q q 0 0 0 rg BT 267.12 476.50 Td (the ) Tj ET Q q 0 0 0 rg BT 279.09 476.50 Td (Final ) Tj ET Q q 0 0 0 rg BT 297.57 476.50 Td (V) Tj ET Q q 0 0 0 rg BT 302.46 476.50 Td (esting ) Tj ET Q q 0 0 0 rg BT 323.76 476.50 Td (Date ) Tj ET Q q 0 0 0 rg BT 341.05 476.50 Td (if ) Tj ET Q q 0 0 0 rg BT 348.13 476.50 Td (the ) Tj ET Q q 0 0 0 rg BT 360.10 476.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 393.40 476.50 Td (has ) Tj ET Q q 0 0 0 rg BT 406.26 476.50 Td (achieved ) Tj ET Q q 0 0 0 rg BT 436.87 476.50 Td (less ) Tj ET Q q 0 0 0 rg BT 451.07 476.50 Td (than ) Tj ET Q q 0 0 0 rg BT 467.03 476.50 Td (the ) Tj ET Q q 0 0 0 rg BT 478.84 476.50 Td (T) Tj ET Q q 0 0 0 rg BT 483.17 476.50 Td (ar) Tj ET Q q 0 0 0 rg BT 489.24 476.50 Td (get ) Tj ET Q q 0 0 0 rg BT 501.20 476.50 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 526.09 476.50 Td ( ) Tj ET Q q 0 0 0 rg BT 528.29 476.50 Td (Minimum; ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 121.50 465.50 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 99.50 443.40 Td (h. ) Tj ET Q q 0 0 0 rg BT 121.50 443.40 Td (0% ) Tj ET Q q 0 0 0 rg BT 134.16 443.40 Td (of ) Tj ET Q q 0 0 0 rg BT 142.83 443.40 Td (the ) Tj ET Q q 0 0 0 rg BT 154.46 443.40 Td (T) Tj ET Q q 0 0 0 rg BT 158.79 443.40 Td (ar) Tj ET Q q 0 0 0 rg BT 164.86 443.40 Td (get ) Tj ET Q q 0 0 0 rg BT 176.63 443.40 Td (FCF ) Tj ET Q q 0 0 0 rg BT 192.42 443.40 Td (A) Tj ET Q q 0 0 0 rg BT 197.46 443.40 Td (ward ) Tj ET Q q 0 0 0 rg BT 215.46 443.40 Td (will ) Tj ET Q q 0 0 0 rg BT 229.90 443.40 Td (vest ) Tj ET Q q 0 0 0 rg BT 244.79 443.40 Td (on ) Tj ET Q q 0 0 0 rg BT 254.79 443.40 Td (the ) Tj ET Q q 0 0 0 rg BT 266.56 443.40 Td (Final ) Tj ET Q q 0 0 0 rg BT 284.86 443.40 Td (V) Tj ET Q q 0 0 0 rg BT 289.75 443.40 Td (esting ) Tj ET Q q 0 0 0 rg BT 310.86 443.40 Td (Date ) Tj ET Q q 0 0 0 rg BT 327.96 443.40 Td (if ) Tj ET Q q 0 0 0 rg BT 334.85 443.40 Td (the ) Tj ET Q q 0 0 0 rg BT 346.63 443.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 379.73 443.40 Td (has ) Tj ET Q q 0 0 0 rg BT 392.40 443.40 Td (achieved ) Tj ET Q q 0 0 0 rg BT 422.82 443.40 Td (less ) Tj ET Q q 0 0 0 rg BT 436.82 443.40 Td (than ) Tj ET Q q 0 0 0 rg BT 452.60 443.40 Td (the ) Tj ET Q q 0 0 0 rg BT 464.23 443.40 Td (T) Tj ET Q q 0 0 0 rg BT 468.55 443.40 Td (ar) Tj ET Q q 0 0 0 rg BT 474.63 443.40 Td (get ) Tj ET Q q 0 0 0 rg BT 486.40 443.40 Td (FCF ) Tj ET Q q 0 0 0 rg BT 502.63 443.40 Td (Minimum;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 421.30 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 85.50 421.30 Td (pr) Tj ET Q q 0 0 0 rg BT 92.32 421.30 Td (ovided) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 113.64 421.30 Td (, ) Tj ET Q q 0 0 0 rg BT 117.86 421.30 Td (that ) Tj ET Q q 0 0 0 rg BT 132.07 421.30 Td (the ) Tj ET Q q 0 0 0 rg BT 144.06 421.30 Td (percentage ) Tj ET Q q 0 0 0 rg BT 180.91 421.30 Td (of ) Tj ET Q q 0 0 0 rg BT 189.79 421.30 Td (the ) Tj ET Q q 0 0 0 rg BT 201.62 421.30 Td (T) Tj ET Q q 0 0 0 rg BT 205.95 421.30 Td (ar) Tj ET Q q 0 0 0 rg BT 212.02 421.30 Td (get ) Tj ET Q q 0 0 0 rg BT 224.01 421.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 248.90 421.30 Td ( ) Tj ET Q q 0 0 0 rg BT 250.63 421.30 Td (A) Tj ET Q q 0 0 0 rg BT 255.67 421.30 Td (ward ) Tj ET Q q 0 0 0 rg BT 273.88 421.30 Td (that ) Tj ET Q q 0 0 0 rg BT 288.09 421.30 Td (will ) Tj ET Q q 0 0 0 rg BT 302.75 421.30 Td (vest ) Tj ET Q q 0 0 0 rg BT 317.85 421.30 Td (in ) Tj ET Q q 0 0 0 rg BT 326.29 421.30 Td (the ) Tj ET Q q 0 0 0 rg BT 338.28 421.30 Td (event ) Tj ET Q q 0 0 0 rg BT 357.82 421.30 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 395.58 421.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 420.47 421.30 Td ( ) Tj ET Q q 0 0 0 rg BT 422.69 421.30 Td (as ) Tj ET Q q 0 0 0 rg BT 431.57 421.30 Td (of ) Tj ET Q q 0 0 0 rg BT 440.45 421.30 Td (the ) Tj ET Q q 0 0 0 rg BT 452.44 421.30 Td (end ) Tj ET Q q 0 0 0 rg BT 466.20 421.30 Td (of ) Tj ET Q q 0 0 0 rg BT 475.08 421.30 Td (the ) Tj ET Q q 0 0 0 rg BT 487.07 421.30 Td (Four) Tj ET Q q 0 0 0 rg BT 502.03 421.30 Td (-Y) Tj ET Q q 0 0 0 rg BT 509.67 421.30 Td (ear ) Tj ET Q q 0 0 0 rg BT 521.65 421.30 Td (Performance ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 410.30 Td (Period ) Tj ET Q q 0 0 0 rg BT 107.58 410.30 Td (is ) Tj ET Q q 0 0 0 rg BT 114.11 410.30 Td (between ) Tj ET Q q 0 0 0 rg BT 141.95 410.30 Td (the ) Tj ET Q q 0 0 0 rg BT 152.83 410.30 Td (T) Tj ET Q q 0 0 0 rg BT 157.16 410.30 Td (ar) Tj ET Q q 0 0 0 rg BT 163.23 410.30 Td (get ) Tj ET Q q 0 0 0 rg BT 174.19 410.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 199.08 410.30 Td ( ) Tj ET Q q 0 0 0 rg BT 200.27 410.30 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 234.80 410.30 Td (and ) Tj ET Q q 0 0 0 rg BT 247.54 410.30 Td (the ) Tj ET Q q 0 0 0 rg BT 258.42 410.30 Td (T) Tj ET Q q 0 0 0 rg BT 262.75 410.30 Td (ar) Tj ET Q q 0 0 0 rg BT 268.82 410.30 Td (get ) Tj ET Q q 0 0 0 rg BT 279.78 410.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 304.67 410.30 Td ( ) Tj ET Q q 0 0 0 rg BT 305.86 410.30 Td (or ) Tj ET Q q 0 0 0 rg BT 313.72 410.30 Td (between ) Tj ET Q q 0 0 0 rg BT 341.56 410.30 Td (the ) Tj ET Q q 0 0 0 rg BT 352.44 410.30 Td (T) Tj ET Q q 0 0 0 rg BT 356.77 410.30 Td (ar) Tj ET Q q 0 0 0 rg BT 362.84 410.30 Td (get ) Tj ET Q q 0 0 0 rg BT 373.80 410.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 398.70 410.30 Td ( ) Tj ET Q q 0 0 0 rg BT 399.89 410.30 Td (and ) Tj ET Q q 0 0 0 rg BT 412.63 410.30 Td (the ) Tj ET Q q 0 0 0 rg BT 423.51 410.30 Td (T) Tj ET Q q 0 0 0 rg BT 427.84 410.30 Td (ar) Tj ET Q q 0 0 0 rg BT 433.91 410.30 Td (get ) Tj ET Q q 0 0 0 rg BT 444.87 410.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 469.76 410.30 Td ( ) Tj ET Q q 0 0 0 rg BT 470.95 410.30 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 504.15 410.30 Td (and ) Tj ET Q q 0 0 0 rg BT 516.89 410.30 Td (the ) Tj ET Q q 0 0 0 rg BT 527.86 410.30 Td (percentage ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 399.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.10 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.67 399.25 Td (T) Tj ET Q q 0 0 0 rg BT 110.00 399.25 Td (ar) Tj ET Q q 0 0 0 rg BT 116.07 399.25 Td (get ) Tj ET Q q 0 0 0 rg BT 127.78 399.25 Td (FCF ) Tj ET Q q 0 0 0 rg BT 143.53 399.25 Td (A) Tj ET Q q 0 0 0 rg BT 148.57 399.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 166.50 399.25 Td (that ) Tj ET Q q 0 0 0 rg BT 180.44 399.25 Td (will ) Tj ET Q q 0 0 0 rg BT 194.82 399.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 209.65 399.25 Td (in ) Tj ET Q q 0 0 0 rg BT 217.81 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.52 399.25 Td (event ) Tj ET Q q 0 0 0 rg BT 248.78 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.49 399.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 297.98 399.25 Td (FCF ) Tj ET Q q 0 0 0 rg BT 314.15 399.25 Td (as ) Tj ET Q q 0 0 0 rg BT 322.75 399.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.35 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.07 399.25 Td (end ) Tj ET Q q 0 0 0 rg BT 356.56 399.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.16 399.25 Td ( ) Tj ET Q q 0 0 0 rg BT 367.10 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.81 399.25 Td (Four) Tj ET Q q 0 0 0 rg BT 393.76 399.25 Td (-Y) Tj ET Q q 0 0 0 rg BT 401.40 399.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 413.11 399.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 455.91 399.25 Td (Period ) Tj ET Q q 0 0 0 rg BT 478.74 399.25 Td (is ) Tj ET Q q 0 0 0 rg BT 486.01 399.25 Td (between ) Tj ET Q q 0 0 0 rg BT 514.60 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.17 399.25 Td (T) Tj ET Q q 0 0 0 rg BT 530.50 399.25 Td (ar) Tj ET Q q 0 0 0 rg BT 536.57 399.25 Td (get ) Tj ET Q q 0 0 0 rg BT 548.28 399.25 Td (FCF ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 388.20 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 121.00 388.20 Td (and ) Tj ET Q q 0 0 0 rg BT 134.72 388.20 Td (the ) Tj ET Q q 0 0 0 rg BT 146.51 388.20 Td (T) Tj ET Q q 0 0 0 rg BT 150.83 388.20 Td (ar) Tj ET Q q 0 0 0 rg BT 156.90 388.20 Td (get ) Tj ET Q q 0 0 0 rg BT 168.85 388.20 Td (FCF ) Tj ET Q q 0 0 0 rg BT 185.25 388.20 Td (or ) Tj ET Q q 0 0 0 rg BT 194.08 388.20 Td (between ) Tj ET Q q 0 0 0 rg BT 222.90 388.20 Td (the ) Tj ET Q q 0 0 0 rg BT 234.69 388.20 Td (T) Tj ET Q q 0 0 0 rg BT 239.02 388.20 Td (ar) Tj ET Q q 0 0 0 rg BT 245.09 388.20 Td (get ) Tj ET Q q 0 0 0 rg BT 257.03 388.20 Td (FCF ) Tj ET Q q 0 0 0 rg BT 273.43 388.20 Td (and ) Tj ET Q q 0 0 0 rg BT 287.15 388.20 Td (the ) Tj ET Q q 0 0 0 rg BT 298.94 388.20 Td (T) Tj ET Q q 0 0 0 rg BT 303.27 388.20 Td (ar) Tj ET Q q 0 0 0 rg BT 309.34 388.20 Td (get ) Tj ET Q q 0 0 0 rg BT 321.28 388.20 Td (FCF ) Tj ET Q q 0 0 0 rg BT 337.68 388.20 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 371.86 388.20 Td (will ) Tj ET Q q 0 0 0 rg BT 386.47 388.20 Td (be ) Tj ET Q q 0 0 0 rg BT 396.19 388.20 Td (determined ) Tj ET Q q 0 0 0 rg BT 434.34 388.20 Td (by ) Tj ET Q q 0 0 0 rg BT 444.51 388.20 Td (interpolating ) Tj ET Q q 0 0 0 rg BT 487.56 388.20 Td (on ) Tj ET Q q 0 0 0 rg BT 497.73 388.20 Td (a ) Tj ET Q q 0 0 0 rg BT 503.45 388.20 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 544.27 388.20 Td (basis; ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 377.15 Td (and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 98.89 377.15 Td (pr) Tj ET Q q 0 0 0 rg BT 105.70 377.15 Td (ovided) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.03 377.15 Td (, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 130.86 377.15 Td (further) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 153.09 377.15 Td ( ) Tj ET Q q 0 0 0 rg BT 154.92 377.15 Td (that ) Tj ET Q q 0 0 0 rg BT 168.75 377.15 Td (the ) Tj ET Q q 0 0 0 rg BT 180.36 377.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 206.20 377.15 Td (of ) Tj ET Q q 0 0 0 rg BT 214.70 377.15 Td (the ) Tj ET Q q 0 0 0 rg BT 226.17 377.15 Td (T) Tj ET Q q 0 0 0 rg BT 230.50 377.15 Td (otal ) Tj ET Q q 0 0 0 rg BT 243.93 377.15 Td (A) Tj ET Q q 0 0 0 rg BT 248.97 377.15 Td (ward ) Tj ET Q q 0 0 0 rg BT 266.80 377.15 Td (that ) Tj ET Q q 0 0 0 rg BT 280.63 377.15 Td (will ) Tj ET Q q 0 0 0 rg BT 294.91 377.15 Td (vest ) Tj ET Q q 0 0 0 rg BT 309.63 377.15 Td (on ) Tj ET Q q 0 0 0 rg BT 319.47 377.15 Td (the ) Tj ET Q q 0 0 0 rg BT 331.08 377.15 Td (Final ) Tj ET Q q 0 0 0 rg BT 349.23 377.15 Td (V) Tj ET Q q 0 0 0 rg BT 354.12 377.15 Td (esting ) Tj ET Q q 0 0 0 rg BT 375.06 377.15 Td (Date ) Tj ET Q q 0 0 0 rg BT 392.00 377.15 Td (will ) Tj ET Q q 0 0 0 rg BT 406.28 377.15 Td (be ) Tj ET Q q 0 0 0 rg BT 415.67 377.15 Td (reduced ) Tj ET Q q 0 0 0 rg BT 442.82 377.15 Td (by ) Tj ET Q q 0 0 0 rg BT 452.66 377.15 Td (the ) Tj ET Q q 0 0 0 rg BT 464.27 377.15 Td (amount ) Tj ET Q q 0 0 0 rg BT 490.10 377.15 Td (of ) Tj ET Q q 0 0 0 rg BT 498.60 377.15 Td (the ) Tj ET Q q 0 0 0 rg BT 509.80 377.15 Td (A) Tj ET Q q 0 0 0 rg BT 514.85 377.15 Td (ward ) Tj ET Q q 0 0 0 rg BT 532.67 377.15 Td (that ) Tj ET Q q 0 0 0 rg BT 546.51 377.15 Td (vests ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 366.10 Td (on ) Tj ET Q q 0 0 0 rg BT 95.50 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.27 366.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 132.38 366.10 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 173.93 366.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 193.11 366.10 Td (V) Tj ET Q q 0 0 0 rg BT 198.00 366.10 Td (esting ) Tj ET Q q 0 0 0 rg BT 219.11 366.10 Td (Date ) Tj ET Q q 0 0 0 rg BT 236.21 366.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.76 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.39 366.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 280.72 366.10 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 322.26 366.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 341.44 366.10 Td (V) Tj ET Q q 0 0 0 rg BT 346.33 366.10 Td (esting ) Tj ET Q q 0 0 0 rg BT 367.44 366.10 Td (Date ) Tj ET Q q 0 0 0 rg BT 384.54 366.10 Td (\(if ) Tj ET Q q 0 0 0 rg BT 394.09 366.10 Td (any\). ) Tj ET Q q 0 0 0 rg BT 412.31 366.10 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 344.05 Td (3. ) Tj ET Q q 0 0 0 rg BT 85.50 344.05 Td (Subject ) Tj ET Q q 0 0 0 rg BT 111.42 344.05 Td (to ) Tj ET Q q 0 0 0 rg BT 119.56 344.05 Td (Sections ) Tj ET Q q 0 0 0 rg BT 148.60 344.05 Td (2\(b\), ) Tj ET Q q 0 0 0 rg BT 165.85 344.05 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 176.65 344.05 Td (and ) Tj ET Q q 0 0 0 rg BT 190.12 344.05 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 201.37 344.05 Td (of ) Tj ET Q q 0 0 0 rg BT 209.96 344.05 Td (this ) Tj ET Q q 0 0 0 rg BT 223.02 344.05 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 260.48 344.05 Td (and ) Tj ET Q q 0 0 0 rg BT 273.95 344.05 Td (receipt ) Tj ET Q q 0 0 0 rg BT 297.64 344.05 Td (of ) Tj ET Q q 0 0 0 rg BT 306.23 344.05 Td (Confirmation ) Tj ET Q q 0 0 0 rg BT 351.25 344.05 Td (and ) Tj ET Q q 0 0 0 rg BT 364.73 344.05 Td (notwithstanding ) Tj ET Q q 0 0 0 rg BT 418.20 344.05 Td (anything ) Tj ET Q q 0 0 0 rg BT 448.12 344.05 Td (to ) Tj ET Q q 0 0 0 rg BT 456.27 344.05 Td (the ) Tj ET Q q 0 0 0 rg BT 467.97 344.05 Td (contrary ) Tj ET Q q 0 0 0 rg BT 496.54 344.05 Td (herein, ) Tj ET Q q 0 0 0 rg BT 520.45 344.05 Td (an ) Tj ET Q q 0 0 0 rg BT 529.93 344.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 555.84 344.05 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 333.00 Td (25% ) Tj ET Q q 0 0 0 rg BT 102.51 333.00 Td (of ) Tj ET Q q 0 0 0 rg BT 111.36 333.00 Td (T) Tj ET Q q 0 0 0 rg BT 115.69 333.00 Td (ar) Tj ET Q q 0 0 0 rg BT 121.76 333.00 Td (get ) Tj ET Q q 0 0 0 rg BT 133.88 333.00 Td (\(representing ) Tj ET Q q 0 0 0 rg BT 178.43 333.00 Td ([) Tj ET Q BT /F3 8.00 Tf ET /GS0 gs q 5.00 0 0 8.27 181.10 331.27 cm /I52 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.10 333.00 Td (] ) Tj ET Q q 0 0 0 rg BT 191.11 333.00 Td (PRSUs\) ) Tj ET Q q 0 0 0 rg BT 219.25 333.00 Td (will ) Tj ET Q q 0 0 0 rg BT 234.04 333.00 Td (vest ) Tj ET Q q 0 0 0 rg BT 249.28 333.00 Td (on ) Tj ET Q q 0 0 0 rg BT 259.63 333.00 Td (March ) Tj ET Q q 0 0 0 rg BT 282.86 333.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 291.21 333.00 Td (2021 ) Tj ET Q q 0 0 0 rg BT 309.56 333.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 324.34 333.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.89 333.00 Td (Second ) Tj ET Q q 0 0 0 rg BT 354.17 333.00 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 399.19 333.00 Td (Early ) Tj ET Q q 0 0 0 rg BT 420.48 333.00 Td (V) Tj ET Q q 0 0 0 rg BT 425.52 333.00 Td (esting ) Tj ET Q q 0 0 0 rg BT 447.87 333.00 Td (Date) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.86 333.00 Td (\) ) Tj ET Q q 0 0 0 rg BT 472.43 333.00 Td (if ) Tj ET Q q 0 0 0 rg BT 479.66 333.00 Td (and ) Tj ET Q q 0 0 0 rg BT 493.56 333.00 Td (only ) Tj ET Q q 0 0 0 rg BT 510.14 333.00 Td (to ) Tj ET Q q 0 0 0 rg BT 518.71 333.00 Td (the ) Tj ET Q q 0 0 0 rg BT 530.83 333.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 552.73 333.00 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 321.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 118.61 321.95 Td (has ) Tj ET Q q 0 0 0 rg BT 131.27 321.95 Td (achieved ) Tj ET Q q 0 0 0 rg BT 161.70 321.95 Td (both ) Tj ET Q q 0 0 0 rg BT 177.92 321.95 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 187.47 321.95 Td (the ) Tj ET Q q 0 0 0 rg BT 199.25 321.95 Td (Second ) Tj ET Q q 0 0 0 rg BT 224.36 321.95 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 265.75 321.95 Td (T) Tj ET Q q 0 0 0 rg BT 270.08 321.95 Td (ar) Tj ET Q q 0 0 0 rg BT 276.15 321.95 Td (get ) Tj ET Q q 0 0 0 rg BT 287.93 321.95 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 312.82 321.95 Td ( ) Tj ET Q q 0 0 0 rg BT 314.82 321.95 Td (and ) Tj ET Q q 0 0 0 rg BT 328.37 321.95 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 340.14 321.95 Td (the ) Tj ET Q q 0 0 0 rg BT 351.91 321.95 Td (Second ) Tj ET Q q 0 0 0 rg BT 377.02 321.95 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 418.42 321.95 Td (T) Tj ET Q q 0 0 0 rg BT 422.75 321.95 Td (ar) Tj ET Q q 0 0 0 rg BT 428.82 321.95 Td (get ) Tj ET Q q 0 0 0 rg BT 440.59 321.95 Td (FCF) Tj ET Q q 0 0 0 rg BT 454.19 321.95 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 299.90 Td (4. ) Tj ET Q q 0 0 0 rg BT 85.50 299.90 Td (Subject ) Tj ET Q q 0 0 0 rg BT 111.28 299.90 Td (to ) Tj ET Q q 0 0 0 rg BT 119.29 299.90 Td (Sections ) Tj ET Q q 0 0 0 rg BT 148.18 299.90 Td (2\(b\), ) Tj ET Q q 0 0 0 rg BT 165.29 299.90 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 175.96 299.90 Td (and ) Tj ET Q q 0 0 0 rg BT 189.29 299.90 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 200.40 299.90 Td (of ) Tj ET Q q 0 0 0 rg BT 208.85 299.90 Td (this ) Tj ET Q q 0 0 0 rg BT 221.80 299.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 259.12 299.90 Td (and ) Tj ET Q q 0 0 0 rg BT 272.46 299.90 Td (receipt ) Tj ET Q q 0 0 0 rg BT 296.00 299.90 Td (of ) Tj ET Q q 0 0 0 rg BT 304.45 299.90 Td (Confirmation ) Tj ET Q q 0 0 0 rg BT 349.34 299.90 Td (and ) Tj ET Q q 0 0 0 rg BT 362.68 299.90 Td (notwithstanding ) Tj ET Q q 0 0 0 rg BT 416.02 299.90 Td (anything ) Tj ET Q q 0 0 0 rg BT 445.80 299.90 Td (to ) Tj ET Q q 0 0 0 rg BT 453.80 299.90 Td (the ) Tj ET Q q 0 0 0 rg BT 465.36 299.90 Td (contrary ) Tj ET Q q 0 0 0 rg BT 493.80 299.90 Td (herein, ) Tj ET Q q 0 0 0 rg BT 517.57 299.90 Td (25% ) Tj ET Q q 0 0 0 rg BT 534.02 299.90 Td (of ) Tj ET Q q 0 0 0 rg BT 542.34 299.90 Td (T) Tj ET Q q 0 0 0 rg BT 546.67 299.90 Td (ar) Tj ET Q q 0 0 0 rg BT 552.74 299.90 Td (get ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 288.85 Td (\(representing ) Tj ET Q q 0 0 0 rg BT 130.33 288.85 Td ([) Tj ET Q BT /F3 8.00 Tf ET /GS0 gs q 5.00 0 0 8.27 133.00 287.12 cm /I53 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 138.00 288.85 Td (] ) Tj ET Q q 0 0 0 rg BT 143.29 288.85 Td (PRSUs\) ) Tj ET Q q 0 0 0 rg BT 171.71 288.85 Td (will ) Tj ET Q q 0 0 0 rg BT 186.78 288.85 Td (vest ) Tj ET Q q 0 0 0 rg BT 202.30 288.85 Td (on ) Tj ET Q q 0 0 0 rg BT 212.93 288.85 Td (March ) Tj ET Q q 0 0 0 rg BT 236.43 288.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 245.06 288.85 Td (2022 ) Tj ET Q q 0 0 0 rg BT 263.69 288.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 278.76 288.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.31 288.85 Td (Third ) Tj ET Q q 0 0 0 rg BT 304.37 288.85 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 349.66 288.85 Td (Early ) Tj ET Q q 0 0 0 rg BT 371.21 288.85 Td (V) Tj ET Q q 0 0 0 rg BT 376.25 288.85 Td (esting ) Tj ET Q q 0 0 0 rg BT 398.88 288.85 Td (Date) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.87 288.85 Td (\) ) Tj ET Q q 0 0 0 rg BT 423.71 288.85 Td (if ) Tj ET Q q 0 0 0 rg BT 431.23 288.85 Td (and ) Tj ET Q q 0 0 0 rg BT 445.41 288.85 Td (only ) Tj ET Q q 0 0 0 rg BT 462.26 288.85 Td (to ) Tj ET Q q 0 0 0 rg BT 471.11 288.85 Td (the ) Tj ET Q q 0 0 0 rg BT 483.52 288.85 Td (extent ) Tj ET Q q 0 0 0 rg BT 505.69 288.85 Td (the ) Tj ET Q q 0 0 0 rg BT 518.09 288.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 551.83 288.85 Td (has ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 277.80 Td (achieved ) Tj ET Q q 0 0 0 rg BT 115.93 277.80 Td (both ) Tj ET Q q 0 0 0 rg BT 132.15 277.80 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 141.70 277.80 Td (the ) Tj ET Q q 0 0 0 rg BT 153.33 277.80 Td (Third ) Tj ET Q q 0 0 0 rg BT 172.66 277.80 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 214.06 277.80 Td (T) Tj ET Q q 0 0 0 rg BT 218.39 277.80 Td (ar) Tj ET Q q 0 0 0 rg BT 224.46 277.80 Td (get ) Tj ET Q q 0 0 0 rg BT 236.23 277.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 261.12 277.80 Td ( ) Tj ET Q q 0 0 0 rg BT 263.12 277.80 Td (and ) Tj ET Q q 0 0 0 rg BT 276.67 277.80 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 288.45 277.80 Td (the ) Tj ET Q q 0 0 0 rg BT 300.07 277.80 Td (Third ) Tj ET Q q 0 0 0 rg BT 319.41 277.80 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 360.80 277.80 Td (T) Tj ET Q q 0 0 0 rg BT 365.13 277.80 Td (ar) Tj ET Q q 0 0 0 rg BT 371.20 277.80 Td (get ) Tj ET Q q 0 0 0 rg BT 382.98 277.80 Td (FCF) Tj ET Q q 0 0 0 rg BT 396.57 277.80 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 255.70 Td (5. ) Tj ET Q q 0 0 0 rg BT 85.50 255.70 Td (In ) Tj ET Q q 0 0 0 rg BT 94.16 255.70 Td (the ) Tj ET Q q 0 0 0 rg BT 105.92 255.70 Td (event ) Tj ET Q q 0 0 0 rg BT 125.24 255.70 Td (25% ) Tj ET Q q 0 0 0 rg BT 141.89 255.70 Td (of ) Tj ET Q q 0 0 0 rg BT 150.40 255.70 Td (T) Tj ET Q q 0 0 0 rg BT 154.73 255.70 Td (ar) Tj ET Q q 0 0 0 rg BT 160.80 255.70 Td (get ) Tj ET Q q 0 0 0 rg BT 172.56 255.70 Td (\(representing ) Tj ET Q q 0 0 0 rg BT 216.76 255.70 Td ([) Tj ET Q BT /F3 8.00 Tf ET /GS0 gs q 5.00 0 0 8.27 219.42 253.97 cm /I54 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 224.42 255.70 Td (] ) Tj ET Q q 0 0 0 rg BT 229.08 255.70 Td (PRSUs\) ) Tj ET Q q 0 0 0 rg BT 256.86 255.70 Td (becomes ) Tj ET Q q 0 0 0 rg BT 286.84 255.70 Td (vested ) Tj ET Q q 0 0 0 rg BT 309.27 255.70 Td (on ) Tj ET Q q 0 0 0 rg BT 319.26 255.70 Td (the ) Tj ET Q q 0 0 0 rg BT 331.02 255.70 Td (Second ) Tj ET Q q 0 0 0 rg BT 356.13 255.70 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 397.66 255.70 Td (Early ) Tj ET Q q 0 0 0 rg BT 416.83 255.70 Td (V) Tj ET Q q 0 0 0 rg BT 421.72 255.70 Td (esting ) Tj ET Q q 0 0 0 rg BT 442.82 255.70 Td (Date ) Tj ET Q q 0 0 0 rg BT 459.92 255.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 489.46 255.70 Td (to ) Tj ET Q q 0 0 0 rg BT 497.67 255.70 Td (clause ) Tj ET Q q 0 0 0 rg BT 519.65 255.70 Td (3 ) Tj ET Q q 0 0 0 rg BT 525.64 255.70 Td (above, ) Tj ET Q q 0 0 0 rg BT 548.73 255.70 Td (then ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 96.59 244.70 Td (T) Tj ET Q q 0 0 0 rg BT 100.92 244.70 Td (otal ) Tj ET Q q 0 0 0 rg BT 114.02 244.70 Td (A) Tj ET Q q 0 0 0 rg BT 119.07 244.70 Td (ward ) Tj ET Q q 0 0 0 rg BT 136.48 244.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 153.01 244.70 Td (be ) Tj ET Q q 0 0 0 rg BT 161.99 244.70 Td (reduced ) Tj ET Q q 0 0 0 rg BT 188.72 244.70 Td (by ) Tj ET Q q 0 0 0 rg BT 198.15 244.70 Td (such ) Tj ET Q q 0 0 0 rg BT 214.23 244.70 Td (number ) Tj ET Q q 0 0 0 rg BT 240.09 244.70 Td (of ) Tj ET Q q 0 0 0 rg BT 248.18 244.70 Td (PRSUs, ) Tj ET Q q 0 0 0 rg BT 274.72 244.70 Td (provided, ) Tj ET Q q 0 0 0 rg BT 306.58 244.70 Td (that ) Tj ET Q q 0 0 0 rg BT 320.00 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 331.09 244.70 Td (T) Tj ET Q q 0 0 0 rg BT 335.42 244.70 Td (otal ) Tj ET Q q 0 0 0 rg BT 348.53 244.70 Td (A) Tj ET Q q 0 0 0 rg BT 353.57 244.70 Td (ward ) Tj ET Q q 0 0 0 rg BT 370.98 244.70 Td (is ) Tj ET Q q 0 0 0 rg BT 377.74 244.70 Td (not ) Tj ET Q q 0 0 0 rg BT 389.39 244.70 Td (less ) Tj ET Q q 0 0 0 rg BT 402.81 244.70 Td (than ) Tj ET Q q 0 0 0 rg BT 418.00 244.70 Td (zero. ) Tj ET Q q 0 0 0 rg BT 435.19 244.70 Td ( ) Tj ET Q q 0 0 0 rg BT 436.61 244.70 Td (In ) Tj ET Q q 0 0 0 rg BT 444.70 244.70 Td (the ) Tj ET Q q 0 0 0 rg BT 455.89 244.70 Td (event ) Tj ET Q q 0 0 0 rg BT 474.64 244.70 Td (25% ) Tj ET Q q 0 0 0 rg BT 490.73 244.70 Td (of ) Tj ET Q q 0 0 0 rg BT 498.71 244.70 Td (T) Tj ET Q q 0 0 0 rg BT 503.04 244.70 Td (ar) Tj ET Q q 0 0 0 rg BT 509.11 244.70 Td (get ) Tj ET Q q 0 0 0 rg BT 520.30 244.70 Td (\(representing ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 233.65 Td ([) Tj ET Q BT /F3 8.00 Tf ET /GS0 gs q 5.00 0 0 8.27 88.16 231.92 cm /I55 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 93.16 233.65 Td (] ) Tj ET Q q 0 0 0 rg BT 97.83 233.65 Td (PRSUs\) ) Tj ET Q q 0 0 0 rg BT 125.62 233.65 Td (is ) Tj ET Q q 0 0 0 rg BT 132.96 233.65 Td (vested ) Tj ET Q q 0 0 0 rg BT 155.40 233.65 Td (on ) Tj ET Q q 0 0 0 rg BT 165.41 233.65 Td (the ) Tj ET Q q 0 0 0 rg BT 177.04 233.65 Td (Third ) Tj ET Q q 0 0 0 rg BT 196.37 233.65 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 237.92 233.65 Td (Early ) Tj ET Q q 0 0 0 rg BT 257.10 233.65 Td (V) Tj ET Q q 0 0 0 rg BT 261.99 233.65 Td (esting ) Tj ET Q q 0 0 0 rg BT 283.10 233.65 Td (Date ) Tj ET Q q 0 0 0 rg BT 300.21 233.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 329.76 233.65 Td (to ) Tj ET Q q 0 0 0 rg BT 337.99 233.65 Td (clause ) Tj ET Q q 0 0 0 rg BT 359.98 233.65 Td (4 ) Tj ET Q q 0 0 0 rg BT 365.98 233.65 Td (above, ) Tj ET Q q 0 0 0 rg BT 389.09 233.65 Td (then ) Tj ET Q q 0 0 0 rg BT 404.86 233.65 Td (the ) Tj ET Q q 0 0 0 rg BT 416.49 233.65 Td (T) Tj ET Q q 0 0 0 rg BT 420.82 233.65 Td (otal ) Tj ET Q q 0 0 0 rg BT 434.38 233.65 Td (A) Tj ET Q q 0 0 0 rg BT 439.42 233.65 Td (ward ) Tj ET Q q 0 0 0 rg BT 457.42 233.65 Td (shall ) Tj ET Q q 0 0 0 rg BT 474.53 233.65 Td (be ) Tj ET Q q 0 0 0 rg BT 484.08 233.65 Td (reduced ) Tj ET Q q 0 0 0 rg BT 511.40 233.65 Td (by ) Tj ET Q q 0 0 0 rg BT 521.41 233.65 Td (such ) Tj ET Q q 0 0 0 rg BT 538.07 233.65 Td (number ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 94.54 222.60 Td (PRSUs, ) Tj ET Q q 0 0 0 rg BT 122.04 222.60 Td (provided, ) Tj ET Q q 0 0 0 rg BT 154.86 222.60 Td (that ) Tj ET Q q 0 0 0 rg BT 169.23 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.21 222.60 Td (T) Tj ET Q q 0 0 0 rg BT 185.54 222.60 Td (otal ) Tj ET Q q 0 0 0 rg BT 199.39 222.60 Td (A) Tj ET Q q 0 0 0 rg BT 204.43 222.60 Td (ward ) Tj ET Q q 0 0 0 rg BT 222.80 222.60 Td (is ) Tj ET Q q 0 0 0 rg BT 230.52 222.60 Td (not ) Tj ET Q q 0 0 0 rg BT 243.12 222.60 Td (less ) Tj ET Q q 0 0 0 rg BT 257.50 222.60 Td (than ) Tj ET Q q 0 0 0 rg BT 273.65 222.60 Td (zero. ) Tj ET Q q 0 0 0 rg BT 291.79 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 294.17 222.60 Td (For ) Tj ET Q q 0 0 0 rg BT 307.66 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.81 222.60 Td (avoidance ) Tj ET Q q 0 0 0 rg BT 354.62 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 363.66 222.60 Td (doubt, ) Tj ET Q q 0 0 0 rg BT 386.26 222.60 Td (any ) Tj ET Q q 0 0 0 rg BT 400.19 222.60 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 425.69 222.60 Td (that ) Tj ET Q q 0 0 0 rg BT 440.06 222.60 Td (vest ) Tj ET Q q 0 0 0 rg BT 455.33 222.60 Td (on ) Tj ET Q q 0 0 0 rg BT 465.71 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 477.86 222.60 Td (Second ) Tj ET Q q 0 0 0 rg BT 503.26 222.60 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 545.18 222.60 Td (Early ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 211.55 Td (V) Tj ET Q q 0 0 0 rg BT 90.39 211.55 Td (esting ) Tj ET Q q 0 0 0 rg BT 111.50 211.55 Td (Date ) Tj ET Q q 0 0 0 rg BT 128.60 211.55 Td (or ) Tj ET Q q 0 0 0 rg BT 137.27 211.55 Td (the ) Tj ET Q q 0 0 0 rg BT 148.89 211.55 Td (Third ) Tj ET Q q 0 0 0 rg BT 168.23 211.55 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 209.77 211.55 Td (Early ) Tj ET Q q 0 0 0 rg BT 228.95 211.55 Td (V) Tj ET Q q 0 0 0 rg BT 233.84 211.55 Td (esting ) Tj ET Q q 0 0 0 rg BT 254.95 211.55 Td (Date ) Tj ET Q q 0 0 0 rg BT 272.05 211.55 Td (will ) Tj ET Q q 0 0 0 rg BT 286.50 211.55 Td (not ) Tj ET Q q 0 0 0 rg BT 298.72 211.55 Td (be ) Tj ET Q q 0 0 0 rg BT 308.27 211.55 Td (af) Tj ET Q q 0 0 0 rg BT 314.34 211.55 Td (fected ) Tj ET Q q 0 0 0 rg BT 335.88 211.55 Td (or ) Tj ET Q q 0 0 0 rg BT 344.54 211.55 Td (subject ) Tj ET Q q 0 0 0 rg BT 369.20 211.55 Td (to ) Tj ET Q q 0 0 0 rg BT 377.43 211.55 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 414.53 211.55 Td (based ) Tj ET Q q 0 0 0 rg BT 434.75 211.55 Td (on ) Tj ET Q q 0 0 0 rg BT 444.75 211.55 Td (the ) Tj ET Q q 0 0 0 rg BT 456.52 211.55 Td (size ) Tj ET Q q 0 0 0 rg BT 470.96 211.55 Td (of ) Tj ET Q q 0 0 0 rg BT 479.62 211.55 Td (the ) Tj ET Q q 0 0 0 rg BT 491.25 211.55 Td (T) Tj ET Q q 0 0 0 rg BT 495.58 211.55 Td (otal ) Tj ET Q q 0 0 0 rg BT 509.13 211.55 Td (A) Tj ET Q q 0 0 0 rg BT 514.18 211.55 Td (ward. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 189.50 Td (6. ) Tj ET Q q 0 0 0 rg BT 85.50 189.50 Td (Any ) Tj ET Q q 0 0 0 rg BT 101.53 189.50 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 126.91 189.50 Td (that ) Tj ET Q q 0 0 0 rg BT 141.17 189.50 Td (do ) Tj ET Q q 0 0 0 rg BT 151.42 189.50 Td (not ) Tj ET Q q 0 0 0 rg BT 163.90 189.50 Td (vest ) Tj ET Q q 0 0 0 rg BT 179.04 189.50 Td (as ) Tj ET Q q 0 0 0 rg BT 187.96 189.50 Td (of ) Tj ET Q q 0 0 0 rg BT 196.88 189.50 Td (the ) Tj ET Q q 0 0 0 rg BT 208.91 189.50 Td (Final ) Tj ET Q q 0 0 0 rg BT 227.45 189.50 Td (V) Tj ET Q q 0 0 0 rg BT 232.34 189.50 Td (esting ) Tj ET Q q 0 0 0 rg BT 253.71 189.50 Td (Date ) Tj ET Q q 0 0 0 rg BT 271.06 189.50 Td (and ) Tj ET Q q 0 0 0 rg BT 284.87 189.50 Td (which ) Tj ET Q q 0 0 0 rg BT 306.68 189.50 Td (have ) Tj ET Q q 0 0 0 rg BT 324.03 189.50 Td (not ) Tj ET Q q 0 0 0 rg BT 336.51 189.50 Td (previously ) Tj ET Q q 0 0 0 rg BT 372.54 189.50 Td (been ) Tj ET Q q 0 0 0 rg BT 389.90 189.50 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 419.69 189.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 449.50 189.50 Td (to ) Tj ET Q q 0 0 0 rg BT 457.98 189.50 Td (the ) Tj ET Q q 0 0 0 rg BT 470.01 189.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 490.04 189.50 Td (of ) Tj ET Q q 0 0 0 rg BT 498.96 189.50 Td (this ) Tj ET Q q 0 0 0 rg BT 512.27 189.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 550.07 189.50 Td (will ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 178.45 Td (automatically ) Tj ET Q q 0 0 0 rg BT 131.02 178.45 Td (terminate ) Tj ET Q q 0 0 0 rg BT 163.20 178.45 Td (as ) Tj ET Q q 0 0 0 rg BT 171.84 178.45 Td (of ) Tj ET Q q 0 0 0 rg BT 180.48 178.45 Td (the ) Tj ET Q q 0 0 0 rg BT 192.24 178.45 Td (Final ) Tj ET Q q 0 0 0 rg BT 210.52 178.45 Td (V) Tj ET Q q 0 0 0 rg BT 215.41 178.45 Td (esting ) Tj ET Q q 0 0 0 rg BT 236.49 178.45 Td (Date ) Tj ET Q q 0 0 0 rg BT 253.57 178.45 Td (and ) Tj ET Q q 0 0 0 rg BT 267.10 178.45 Td (shall ) Tj ET Q q 0 0 0 rg BT 284.19 178.45 Td (immediately ) Tj ET Q q 0 0 0 rg BT 326.15 178.45 Td (be ) Tj ET Q q 0 0 0 rg BT 335.68 178.45 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 365.20 178.45 Td (to ) Tj ET Q q 0 0 0 rg BT 373.40 178.45 Td (the ) Tj ET Q q 0 0 0 rg BT 385.15 178.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 418.24 178.45 Td (without ) Tj ET Q q 0 0 0 rg BT 444.66 178.45 Td (payment ) Tj ET Q q 0 0 0 rg BT 474.18 178.45 Td (of ) Tj ET Q q 0 0 0 rg BT 482.82 178.45 Td (any ) Tj ET Q q 0 0 0 rg BT 496.35 178.45 Td (consideration ) Tj ET Q q 0 0 0 rg BT 541.43 178.45 Td (for ) Tj ET Q q 0 0 0 rg BT 552.73 178.45 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 167.40 Td (PRSUs, ) Tj ET Q q 0 0 0 rg BT 112.63 167.40 Td (and ) Tj ET Q q 0 0 0 rg BT 126.18 167.40 Td (the ) Tj ET Q q 0 0 0 rg BT 137.95 167.40 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 165.27 167.40 Td (will ) Tj ET Q q 0 0 0 rg BT 179.71 167.40 Td (have ) Tj ET Q q 0 0 0 rg BT 196.81 167.40 Td (no ) Tj ET Q q 0 0 0 rg BT 206.81 167.40 Td (further ) Tj ET Q q 0 0 0 rg BT 230.58 167.40 Td (right, ) Tj ET Q q 0 0 0 rg BT 249.69 167.40 Td (title ) Tj ET Q q 0 0 0 rg BT 264.13 167.40 Td (or ) Tj ET Q q 0 0 0 rg BT 272.79 167.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 298.34 167.40 Td (in ) Tj ET Q q 0 0 0 rg BT 306.56 167.40 Td (or ) Tj ET Q q 0 0 0 rg BT 315.23 167.40 Td (to ) Tj ET Q q 0 0 0 rg BT 323.45 167.40 Td (such ) Tj ET Q q 0 0 0 rg BT 340.11 167.40 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 365.24 167.40 Td (or ) Tj ET Q q 0 0 0 rg BT 373.90 167.40 Td (the ) Tj ET Q q 0 0 0 rg BT 385.68 167.40 Td (underlying ) Tj ET Q q 0 0 0 rg BT 422.34 167.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 444.33 167.40 Td (of ) Tj ET Q q 0 0 0 rg BT 452.99 167.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 471.89 167.40 Td (A) Tj ET Q q 0 0 0 rg BT 477.22 167.40 Td ( ) Tj ET Q q 0 0 0 rg BT 479.22 167.40 Td (Common ) Tj ET Q q 0 0 0 rg BT 511.00 167.40 Td (Stock.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 145.30 Td (7. ) Tj ET Q q 0 0 0 rg BT 85.50 145.30 Td (In ) Tj ET Q q 0 0 0 rg BT 93.70 145.30 Td (the ) Tj ET Q q 0 0 0 rg BT 105.02 145.30 Td (event ) Tj ET Q q 0 0 0 rg BT 123.88 145.30 Td (of ) Tj ET Q q 0 0 0 rg BT 132.08 145.30 Td (a ) Tj ET Q q 0 0 0 rg BT 137.17 145.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 168.92 145.30 Td (or ) Tj ET Q q 0 0 0 rg BT 177.13 145.30 Td (corporate ) Tj ET Q q 0 0 0 rg BT 208.87 145.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 245.50 145.30 Td (that ) Tj ET Q q 0 0 0 rg BT 259.04 145.30 Td (has ) Tj ET Q q 0 0 0 rg BT 271.24 145.30 Td (a ) Tj ET Q q 0 0 0 rg BT 276.33 145.30 Td (material ) Tj ET Q q 0 0 0 rg BT 304.08 145.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 327.39 145.30 Td (on ) Tj ET Q q 0 0 0 rg BT 336.93 145.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 361.82 145.30 Td ( ) Tj ET Q q 0 0 0 rg BT 363.36 145.30 Td (or ) Tj ET Q q 0 0 0 rg BT 371.56 145.30 Td (FCF ) Tj ET Q q 0 0 0 rg BT 387.33 145.30 Td (that ) Tj ET Q q 0 0 0 rg BT 400.87 145.30 Td (is ) Tj ET Q q 0 0 0 rg BT 407.74 145.30 Td (not ) Tj ET Q q 0 0 0 rg BT 419.50 145.30 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 464.14 145.30 Td (in ) Tj ET Q q 0 0 0 rg BT 471.90 145.30 Td (the ) Tj ET Q q 0 0 0 rg BT 483.21 145.30 Td (Company) Tj ET Q q 0 0 0 rg BT 516.54 145.30 Td (s ) Tj ET Q q 0 0 0 rg BT 521.20 145.30 Td (2019 ) Tj ET Q q 0 0 0 rg BT 538.73 145.30 Td (budget, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 97.34 134.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 145.62 134.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 183.23 134.30 Td (may ) Tj ET Q q 0 0 0 rg BT 199.07 134.30 Td (determine ) Tj ET Q q 0 0 0 rg BT 233.12 134.30 Td (in ) Tj ET Q q 0 0 0 rg BT 241.40 134.30 Td (its ) Tj ET Q q 0 0 0 rg BT 251.03 134.30 Td (sole ) Tj ET Q q 0 0 0 rg BT 265.98 134.30 Td (discretion ) Tj ET Q q 0 0 0 rg BT 299.59 134.30 Td (in ) Tj ET Q q 0 0 0 rg BT 307.87 134.30 Td (good ) Tj ET Q q 0 0 0 rg BT 325.94 134.30 Td (faith ) Tj ET Q q 0 0 0 rg BT 342.66 134.30 Td (a ) Tj ET Q q 0 0 0 rg BT 348.27 134.30 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 384.54 134.30 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 421.71 134.30 Td (to ) Tj ET Q q 0 0 0 rg BT 430.00 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 441.83 134.30 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 479.44 134.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 504.33 134.30 Td ( ) Tj ET Q q 0 0 0 rg BT 506.39 134.30 Td (or ) Tj ET Q q 0 0 0 rg BT 515.12 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 526.96 134.30 Td (cumulative ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 123.25 Td (FCF ) Tj ET Q q 0 0 0 rg BT 101.73 123.25 Td (for ) Tj ET Q q 0 0 0 rg BT 113.06 123.25 Td (any ) Tj ET Q q 0 0 0 rg BT 126.61 123.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 161.48 123.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 204.35 123.25 Td (Period.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 90.10 Td (* * * * *) Tj ET Q endstream endobj 203 0 obj <> endobj 204 0 obj <> stream BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.00 35.00 Td (7) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 532.9 740.348046875 m 562.4625 740.348046875 l s q 0 0 0 rg BT 532.90 741.60 Td (Annex B) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 261.75 729.298046875 m 350.21875 729.298046875 l s q 0 0 0 rg BT 261.75 730.55 Td (Additional ) Tj ET Q q 0 0 0 rg BT 300.06 730.55 Td (V) Tj ET Q q 0 0 0 rg BT 305.11 730.55 Td (esting Events) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 708.50 Td (1. ) Tj ET Q q 0 0 0 rg BT 85.50 708.50 Td (For ) Tj ET Q q 0 0 0 rg BT 98.61 708.50 Td (purposes ) Tj ET Q q 0 0 0 rg BT 129.05 708.50 Td (of ) Tj ET Q q 0 0 0 rg BT 137.72 708.50 Td (this ) Tj ET Q q 0 0 0 rg BT 150.84 708.50 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 190.38 708.50 Td (the ) Tj ET Q q 0 0 0 rg BT 202.15 708.50 Td (following ) Tj ET Q q 0 0 0 rg BT 235.26 708.50 Td (definitions ) Tj ET Q q 0 0 0 rg BT 271.48 708.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 288.59 708.50 Td (apply:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 686.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 686.40 Td (Change ) Tj ET Q q 0 0 0 rg BT 117.28 686.40 Td (of ) Tj ET Q q 0 0 0 rg BT 125.94 686.40 Td (Contr) Tj ET Q q 0 0 0 rg BT 146.24 686.40 Td (ol) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 152.46 686.40 Td ( ) Tj ET Q q 0 0 0 rg BT 158.01 686.40 Td (is ) Tj ET Q q 0 0 0 rg BT 165.35 686.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 191.34 686.40 Td (in ) Tj ET Q q 0 0 0 rg BT 199.56 686.40 Td (the ) Tj ET Q q 0 0 0 rg BT 211.33 686.40 Td (Plan. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 664.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 664.35 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 121.34 664.35 Td (Event) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.34 664.35 Td ( ) Tj ET Q q 0 0 0 rg BT 146.97 664.35 Td (means ) Tj ET Q q 0 0 0 rg BT 169.48 664.35 Td (an ) Tj ET Q q 0 0 0 rg BT 179.10 664.35 Td (event ) Tj ET Q q 0 0 0 rg BT 198.49 664.35 Td (or ) Tj ET Q q 0 0 0 rg BT 207.23 664.35 Td (circumstance ) Tj ET Q q 0 0 0 rg BT 251.50 664.35 Td (as ) Tj ET Q q 0 0 0 rg BT 260.23 664.35 Td (a ) Tj ET Q q 0 0 0 rg BT 265.86 664.35 Td (result ) Tj ET Q q 0 0 0 rg BT 285.70 664.35 Td (of ) Tj ET Q q 0 0 0 rg BT 294.44 664.35 Td (which ) Tj ET Q q 0 0 0 rg BT 316.06 664.35 Td (the ) Tj ET Q q 0 0 0 rg BT 327.90 664.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 361.08 664.35 Td (is ) Tj ET Q q 0 0 0 rg BT 368.49 664.35 Td (no ) Tj ET Q q 0 0 0 rg BT 378.56 664.35 Td (longer ) Tj ET Q q 0 0 0 rg BT 401.07 664.35 Td (publicly ) Tj ET Q q 0 0 0 rg BT 429.36 664.35 Td (traded ) Tj ET Q q 0 0 0 rg BT 451.42 664.35 Td (with ) Tj ET Q q 0 0 0 rg BT 467.71 664.35 Td (its ) Tj ET Q q 0 0 0 rg BT 477.34 664.35 Td (shares ) Tj ET Q q 0 0 0 rg BT 499.41 664.35 Td (of ) Tj ET Q q 0 0 0 rg BT 508.14 664.35 Td (Class ) Tj ET Q q 0 0 0 rg BT 527.09 664.35 Td (A) Tj ET Q q 0 0 0 rg BT 532.43 664.35 Td ( ) Tj ET Q q 0 0 0 rg BT 534.50 664.35 Td (common ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 653.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 104.39 653.30 Td (listed ) Tj ET Q q 0 0 0 rg BT 123.72 653.30 Td (on ) Tj ET Q q 0 0 0 rg BT 133.72 653.30 Td (the ) Tj ET Q q 0 0 0 rg BT 145.49 653.30 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 180.83 653.30 Td (Global ) Tj ET Q q 0 0 0 rg BT 204.60 653.30 Td (Market. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 631.20 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 631.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 631.20 Td (L) Tj ET Q q 0 0 0 rg BT 93.65 631.20 Td (TIP) Tj ET Q q 0 0 0 rg BT 106.55 631.20 Td ( ) Tj ET Q q 0 0 0 rg BT 108.89 631.20 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 149.46 631.20 Td (Event) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.46 631.20 Td ( ) Tj ET Q q 0 0 0 rg BT 175.35 631.20 Td (means ) Tj ET Q q 0 0 0 rg BT 198.13 631.20 Td (a ) Tj ET Q q 0 0 0 rg BT 204.02 631.20 Td (transaction ) Tj ET Q q 0 0 0 rg BT 241.46 631.20 Td (or ) Tj ET Q q 0 0 0 rg BT 250.46 631.20 Td (series ) Tj ET Q q 0 0 0 rg BT 271.02 631.20 Td (of ) Tj ET Q q 0 0 0 rg BT 280.02 631.20 Td (related ) Tj ET Q q 0 0 0 rg BT 304.12 631.20 Td (transactions ) Tj ET Q q 0 0 0 rg BT 344.67 631.20 Td (following ) Tj ET Q q 0 0 0 rg BT 378.12 631.20 Td (which ) Tj ET Q q 0 0 0 rg BT 400.01 631.20 Td (the ) Tj ET Q q 0 0 0 rg BT 412.13 631.20 Td (Company) Tj ET Q q 0 0 0 rg BT 442.71 631.20 Td (, ) Tj ET Q q 0 0 0 rg BT 447.05 631.20 Td (in ) Tj ET Q q 0 0 0 rg BT 455.62 631.20 Td (the ) Tj ET Q q 0 0 0 rg BT 467.73 631.20 Td (judgement ) Tj ET Q q 0 0 0 rg BT 503.84 631.20 Td (of ) Tj ET Q q 0 0 0 rg BT 512.84 631.20 Td (the ) Tj ET Q q 0 0 0 rg BT 524.96 631.20 Td (Committee, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 620.15 Td (ceases ) Tj ET Q q 0 0 0 rg BT 107.93 620.15 Td (to ) Tj ET Q q 0 0 0 rg BT 116.15 620.15 Td (own ) Tj ET Q q 0 0 0 rg BT 131.93 620.15 Td (a ) Tj ET Q q 0 0 0 rg BT 137.48 620.15 Td (material ) Tj ET Q q 0 0 0 rg BT 165.69 620.15 Td (portion ) Tj ET Q q 0 0 0 rg BT 190.80 620.15 Td (of ) Tj ET Q q 0 0 0 rg BT 199.46 620.15 Td (its ) Tj ET Q q 0 0 0 rg BT 209.02 620.15 Td (assets.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 598.10 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 598.10 Td (Employment ) Tj ET Q q 0 0 0 rg BT 135.26 598.10 Td (Contract) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 165.91 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.67 598.10 Td (means ) Tj ET Q q 0 0 0 rg BT 194.32 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.30 598.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 248.50 598.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 276.46 598.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 296.00 598.10 Td ([) Tj ET Q /GS0 gs q 5.00 0 0 8.27 298.66 596.37 cm /I56 Do Q q 0 0 0 rg BT 303.66 598.10 Td (] ) Tj ET Q q 0 0 0 rg BT 308.53 598.10 Td (between ) Tj ET Q q 0 0 0 rg BT 337.39 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.37 598.10 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 376.89 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.65 598.10 Td (CME ) Tj ET Q q 0 0 0 rg BT 410.20 598.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 432.84 598.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 462.15 598.10 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 491.68 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 500.55 598.10 Td (amended, ) Tj ET Q q 0 0 0 rg BT 533.64 598.10 Td (amended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 587.05 Td (and ) Tj ET Q q 0 0 0 rg BT 99.05 587.05 Td (restated, ) Tj ET Q q 0 0 0 rg BT 127.93 587.05 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 161.03 587.05 Td (modified ) Tj ET Q q 0 0 0 rg BT 191.91 587.05 Td (or ) Tj ET Q q 0 0 0 rg BT 200.57 587.05 Td (superseded ) Tj ET Q q 0 0 0 rg BT 238.12 587.05 Td (from ) Tj ET Q q 0 0 0 rg BT 255.67 587.05 Td (time ) Tj ET Q q 0 0 0 rg BT 271.89 587.05 Td (to ) Tj ET Q q 0 0 0 rg BT 280.11 587.05 Td (time. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 564.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 564.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 564.95 Td (Good ) Tj ET Q q 0 0 0 rg BT 110.65 564.95 Td (Reason) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.54 564.95 Td ( ) Tj ET Q q 0 0 0 rg BT 142.03 564.95 Td (means ) Tj ET Q q 0 0 0 rg BT 165.40 564.95 Td (a ) Tj ET Q q 0 0 0 rg BT 171.88 564.95 Td (material ) Tj ET Q q 0 0 0 rg BT 201.02 564.95 Td (breach ) Tj ET Q q 0 0 0 rg BT 225.27 564.95 Td (of ) Tj ET Q q 0 0 0 rg BT 234.86 564.95 Td (the ) Tj ET Q q 0 0 0 rg BT 247.57 564.95 Td (Employment ) Tj ET Q q 0 0 0 rg BT 291.83 564.95 Td (Contract ) Tj ET Q q 0 0 0 rg BT 322.30 564.95 Td (by ) Tj ET Q q 0 0 0 rg BT 333.24 564.95 Td (CME ) Tj ET Q q 0 0 0 rg BT 353.50 564.95 Td (Media ) Tj ET Q q 0 0 0 rg BT 376.87 564.95 Td (Services ) Tj ET Q q 0 0 0 rg BT 406.91 564.95 Td (Limited ) Tj ET Q q 0 0 0 rg BT 435.17 564.95 Td (which ) Tj ET Q q 0 0 0 rg BT 457.65 564.95 Td (results ) Tj ET Q q 0 0 0 rg BT 481.47 564.95 Td (in ) Tj ET Q q 0 0 0 rg BT 490.62 564.95 Td (the ) Tj ET Q q 0 0 0 rg BT 503.33 564.95 Td (termination ) Tj ET Q q 0 0 0 rg BT 543.14 564.95 Td (of ) Tj ET Q q 0 0 0 rg BT 552.73 564.95 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 553.95 Td (Employment ) Tj ET Q q 0 0 0 rg BT 128.83 553.95 Td (Contract ) Tj ET Q q 0 0 0 rg BT 158.38 553.95 Td (by ) Tj ET Q q 0 0 0 rg BT 168.38 553.95 Td (the ) Tj ET Q q 0 0 0 rg BT 180.15 553.95 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 207.46 553.95 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 237.02 553.95 Td (to ) Tj ET Q q 0 0 0 rg BT 245.24 553.95 Td (clause ) Tj ET Q q 0 0 0 rg BT 267.23 553.95 Td ([) Tj ET Q /GS0 gs q 5.00 0 0 8.27 269.89 552.22 cm /I57 Do Q q 0 0 0 rg BT 274.89 553.95 Td (] ) Tj ET Q q 0 0 0 rg BT 279.55 553.95 Td (thereof.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 531.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 531.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 531.85 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 127.53 531.85 Td (T) Tj ET Q q 0 0 0 rg BT 132.13 531.85 Td (ermination ) Tj ET Q q 0 0 0 rg BT 172.08 531.85 Td (Event) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.08 531.85 Td ( ) Tj ET Q q 0 0 0 rg BT 197.81 531.85 Td (means ) Tj ET Q q 0 0 0 rg BT 220.42 531.85 Td (a ) Tj ET Q q 0 0 0 rg BT 226.15 531.85 Td (termination ) Tj ET Q q 0 0 0 rg BT 265.21 531.85 Td (of ) Tj ET Q q 0 0 0 rg BT 274.05 531.85 Td (the ) Tj ET Q q 0 0 0 rg BT 286.01 531.85 Td (Grantee) Tj ET Q q 0 0 0 rg BT 313.55 531.85 Td (s ) Tj ET Q q 0 0 0 rg BT 318.84 531.85 Td (employment ) Tj ET Q q 0 0 0 rg BT 361.01 531.85 Td (with ) Tj ET Q q 0 0 0 rg BT 377.41 531.85 Td (the ) Tj ET Q q 0 0 0 rg BT 389.36 531.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 422.65 531.85 Td (or ) Tj ET Q q 0 0 0 rg BT 431.49 531.85 Td (any ) Tj ET Q q 0 0 0 rg BT 444.74 531.85 Td (Af) Tj ET Q q 0 0 0 rg BT 453.04 531.85 Td (filiate ) Tj ET Q q 0 0 0 rg BT 473.87 531.85 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 483.60 531.85 Td (by ) Tj ET Q q 0 0 0 rg BT 493.78 531.85 Td (the ) Tj ET Q q 0 0 0 rg BT 505.73 531.85 Td (Grantee ) Tj ET Q q 0 0 0 rg BT 533.23 531.85 Td (for ) Tj ET Q q 0 0 0 rg BT 544.74 531.85 Td (Good ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 520.80 Td (Reason, ) Tj ET Q q 0 0 0 rg BT 113.05 520.80 Td (or ) Tj ET Q q 0 0 0 rg BT 121.71 520.80 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 133.49 520.80 Td (by ) Tj ET Q q 0 0 0 rg BT 143.49 520.80 Td (the ) Tj ET Q q 0 0 0 rg BT 155.26 520.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 188.37 520.80 Td (or ) Tj ET Q q 0 0 0 rg BT 197.04 520.80 Td (such ) Tj ET Q q 0 0 0 rg BT 213.26 520.80 Td (Af) Tj ET Q q 0 0 0 rg BT 221.55 520.80 Td (filiate ) Tj ET Q q 0 0 0 rg BT 242.21 520.80 Td (which ) Tj ET Q q 0 0 0 rg BT 263.76 520.80 Td (is ) Tj ET Q q 0 0 0 rg BT 271.10 520.80 Td (not ) Tj ET Q q 0 0 0 rg BT 283.32 520.80 Td (a ) Tj ET Q q 0 0 0 rg BT 288.73 520.80 Td (T) Tj ET Q q 0 0 0 rg BT 293.05 520.80 Td (ermination ) Tj ET Q q 0 0 0 rg BT 329.71 520.80 Td (for ) Tj ET Q q 0 0 0 rg BT 341.04 520.80 Td (Cause.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 498.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 498.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 498.75 Td (T) Tj ET Q q 0 0 0 rg BT 93.65 498.75 Td (ermination ) Tj ET Q q 0 0 0 rg BT 133.43 498.75 Td (for) Tj ET Q q 0 0 0 rg BT 143.50 498.75 Td ( ) Tj ET Q q 0 0 0 rg BT 145.50 498.75 Td (Cause) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 166.39 498.75 Td ( ) Tj ET Q q 0 0 0 rg BT 171.94 498.75 Td (shall ) Tj ET Q q 0 0 0 rg BT 189.05 498.75 Td (have ) Tj ET Q q 0 0 0 rg BT 206.15 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 217.92 498.75 Td (meaning ) Tj ET Q q 0 0 0 rg BT 247.47 498.75 Td (assigned ) Tj ET Q q 0 0 0 rg BT 277.02 498.75 Td (to ) Tj ET Q q 0 0 0 rg BT 285.24 498.75 Td (it ) Tj ET Q q 0 0 0 rg BT 291.69 498.75 Td (in ) Tj ET Q q 0 0 0 rg BT 299.91 498.75 Td (clause ) Tj ET Q q 0 0 0 rg BT 321.90 498.75 Td ([) Tj ET Q /GS0 gs q 5.00 0 0 8.27 324.56 497.02 cm /I58 Do Q q 0 0 0 rg BT 329.56 498.75 Td (] ) Tj ET Q q 0 0 0 rg BT 334.23 498.75 Td (of ) Tj ET Q q 0 0 0 rg BT 342.89 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 354.66 498.75 Td (Employment ) Tj ET Q q 0 0 0 rg BT 397.99 498.75 Td (Contract.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 476.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 476.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.05 476.65 Td (T) Tj ET Q q 0 0 0 rg BT 94.24 476.65 Td (ime ) Tj ET Q q 0 0 0 rg BT 108.83 476.65 Td (W) Tj ET Q q 0 0 0 rg BT 116.38 476.65 Td (arner) Tj ET Q q 0 0 0 rg BT 135.34 476.65 Td ( ) Tj ET Q q 0 0 0 rg BT 137.49 476.65 Td (T) Tj ET Q q 0 0 0 rg BT 142.23 476.65 Td (ransaction) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.23 476.65 Td ( ) Tj ET Q q 0 0 0 rg BT 184.09 476.65 Td (is ) Tj ET Q q 0 0 0 rg BT 191.74 476.65 Td (defined ) Tj ET Q q 0 0 0 rg BT 218.04 476.65 Td (in ) Tj ET Q q 0 0 0 rg BT 226.58 476.65 Td (the ) Tj ET Q q 0 0 0 rg BT 238.66 476.65 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 257.20 476.65 Td (provided ) Tj ET Q q 0 0 0 rg BT 287.95 476.65 Td (that ) Tj ET Q q 0 0 0 rg BT 302.26 476.65 Td (each ) Tj ET Q q 0 0 0 rg BT 319.22 476.65 Td (reference ) Tj ET Q q 0 0 0 rg BT 351.28 476.65 Td (therein ) Tj ET Q q 0 0 0 rg BT 375.80 476.65 Td (to ) Tj ET Q q 0 0 0 rg BT 384.17 476.65 Td (T) Tj ET Q q 0 0 0 rg BT 388.78 476.65 Td (ime ) Tj ET Q q 0 0 0 rg BT 402.92 476.65 Td (W) Tj ET Q q 0 0 0 rg BT 409.83 476.65 Td (arner ) Tj ET Q q 0 0 0 rg BT 428.57 476.65 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 443.10 476.65 Td (is ) Tj ET Q q 0 0 0 rg BT 450.75 476.65 Td (deemed ) Tj ET Q q 0 0 0 rg BT 477.93 476.65 Td (to ) Tj ET Q q 0 0 0 rg BT 486.47 476.65 Td (be ) Tj ET Q q 0 0 0 rg BT 496.33 476.65 Td (replaced ) Tj ET Q q 0 0 0 rg BT 525.73 476.65 Td (with ) Tj ET Q q 0 0 0 rg BT 541.76 476.65 Td (A) Tj ET Q q 0 0 0 rg BT 546.65 476.65 Td (T&T) Tj ET Q q 0 0 0 rg BT 562.50 476.65 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 465.60 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 101.71 465.60 Td (as ) Tj ET Q q 0 0 0 rg BT 110.38 465.60 Td (the ) Tj ET Q q 0 0 0 rg BT 122.15 465.60 Td (successor ) Tj ET Q q 0 0 0 rg BT 154.81 465.60 Td (to ) Tj ET Q q 0 0 0 rg BT 163.03 465.60 Td (the ) Tj ET Q q 0 0 0 rg BT 174.80 465.60 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 208.34 465.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 243.67 465.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 269.21 465.60 Td (of ) Tj ET Q q 0 0 0 rg BT 277.73 465.60 Td (T) Tj ET Q q 0 0 0 rg BT 282.34 465.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 296.19 465.60 Td (W) Tj ET Q q 0 0 0 rg BT 303.10 465.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 321.53 465.60 Td (Inc.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 443.55 Td (2. ) Tj ET Q q 0 0 0 rg BT 85.50 443.55 Td (In ) Tj ET Q q 0 0 0 rg BT 93.92 443.55 Td (the ) Tj ET Q q 0 0 0 rg BT 105.46 443.55 Td (event ) Tj ET Q q 0 0 0 rg BT 124.54 443.55 Td (of ) Tj ET Q q 0 0 0 rg BT 132.96 443.55 Td (a ) Tj ET Q q 0 0 0 rg BT 138.28 443.55 Td (Change ) Tj ET Q q 0 0 0 rg BT 164.47 443.55 Td (of ) Tj ET Q q 0 0 0 rg BT 172.90 443.55 Td (Control, ) Tj ET Q q 0 0 0 rg BT 201.10 443.55 Td (the ) Tj ET Q q 0 0 0 rg BT 212.63 443.55 Td (performance ) Tj ET Q q 0 0 0 rg BT 254.81 443.55 Td (conditions ) Tj ET Q q 0 0 0 rg BT 289.90 443.55 Td (for ) Tj ET Q q 0 0 0 rg BT 300.99 443.55 Td (awards ) Tj ET Q q 0 0 0 rg BT 325.41 443.55 Td (of ) Tj ET Q q 0 0 0 rg BT 333.83 443.55 Td (Performance ) Tj ET Q q 0 0 0 rg BT 376.46 443.55 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 410.65 443.55 Td (Stock ) Tj ET Q q 0 0 0 rg BT 430.63 443.55 Td (Units ) Tj ET Q q 0 0 0 rg BT 449.73 443.55 Td (that ) Tj ET Q q 0 0 0 rg BT 463.49 443.55 Td (have ) Tj ET Q q 0 0 0 rg BT 480.35 443.55 Td (not ) Tj ET Q q 0 0 0 rg BT 492.33 443.55 Td (previously ) Tj ET Q q 0 0 0 rg BT 527.86 443.55 Td (vested ) Tj ET Q q 0 0 0 rg BT 550.06 443.55 Td (will ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 432.50 Td (lapse ) Tj ET Q q 0 0 0 rg BT 104.17 432.50 Td (and ) Tj ET Q q 0 0 0 rg BT 117.96 432.50 Td (an ) Tj ET Q q 0 0 0 rg BT 127.75 432.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 153.98 432.50 Td (of ) Tj ET Q q 0 0 0 rg BT 162.88 432.50 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 188.24 432.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 207.80 432.50 Td (to ) Tj ET Q q 0 0 0 rg BT 216.25 432.50 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 226.04 432.50 Td (the ) Tj ET Q q 0 0 0 rg BT 238.05 432.50 Td (number ) Tj ET Q q 0 0 0 rg BT 264.72 432.50 Td (of ) Tj ET Q q 0 0 0 rg BT 273.62 432.50 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 298.98 432.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 337.20 432.50 Td (in ) Tj ET Q q 0 0 0 rg BT 345.66 432.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 383.86 432.50 Td (with ) Tj ET Q q 0 0 0 rg BT 400.32 432.50 Td (clause ) Tj ET Q q 0 0 0 rg BT 422.54 432.50 Td (2 ) Tj ET Q q 0 0 0 rg BT 428.78 432.50 Td (of ) Tj ET Q q 0 0 0 rg BT 437.19 432.50 Td (Annex ) Tj ET Q q 0 0 0 rg BT 460.26 432.50 Td (A) Tj ET Q q 0 0 0 rg BT 465.59 432.50 Td ( ) Tj ET Q q 0 0 0 rg BT 467.83 432.50 Td (based ) Tj ET Q q 0 0 0 rg BT 488.28 432.50 Td (on ) Tj ET Q q 0 0 0 rg BT 498.51 432.50 Td (a ) Tj ET Q q 0 0 0 rg BT 504.30 432.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 546.95 432.50 Td (level ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 421.45 Td (that ) Tj ET Q q 0 0 0 rg BT 99.71 421.45 Td (would ) Tj ET Q q 0 0 0 rg BT 121.93 421.45 Td (result ) Tj ET Q q 0 0 0 rg BT 141.92 421.45 Td (from ) Tj ET Q q 0 0 0 rg BT 159.69 421.45 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 173.01 421.45 Td (the ) Tj ET Q q 0 0 0 rg BT 185.01 421.45 Td (sum ) Tj ET Q q 0 0 0 rg BT 200.56 421.45 Td (of ) Tj ET Q q 0 0 0 rg BT 209.44 421.45 Td (the ) Tj ET Q q 0 0 0 rg BT 221.43 421.45 Td (actual ) Tj ET Q q 0 0 0 rg BT 242.75 421.45 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 267.64 421.45 Td ( ) Tj ET Q q 0 0 0 rg BT 269.86 421.45 Td (for ) Tj ET Q q 0 0 0 rg BT 281.40 421.45 Td (each ) Tj ET Q q 0 0 0 rg BT 298.27 421.45 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 317.81 421.45 Td (year ) Tj ET Q q 0 0 0 rg BT 333.80 421.45 Td (of ) Tj ET Q q 0 0 0 rg BT 342.68 421.45 Td (the ) Tj ET Q q 0 0 0 rg BT 354.67 421.45 Td (Four) Tj ET Q q 0 0 0 rg BT 369.62 421.45 Td (-Y) Tj ET Q q 0 0 0 rg BT 377.26 421.45 Td (ear ) Tj ET Q q 0 0 0 rg BT 389.25 421.45 Td (Performance ) Tj ET Q q 0 0 0 rg BT 432.33 421.45 Td (Period ) Tj ET Q q 0 0 0 rg BT 455.44 421.45 Td (completed ) Tj ET Q q 0 0 0 rg BT 490.98 421.45 Td (prior ) Tj ET Q q 0 0 0 rg BT 508.74 421.45 Td (to ) Tj ET Q q 0 0 0 rg BT 517.18 421.45 Td (the ) Tj ET Q q 0 0 0 rg BT 529.18 421.45 Td (Change ) Tj ET Q q 0 0 0 rg BT 555.83 421.45 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 410.40 Td (Control ) Tj ET Q q 0 0 0 rg BT 112.42 410.40 Td (and ) Tj ET Q q 0 0 0 rg BT 126.45 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 138.70 410.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 165.17 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 174.13 410.40 Td (T) Tj ET Q q 0 0 0 rg BT 178.46 410.40 Td (ar) Tj ET Q q 0 0 0 rg BT 184.53 410.40 Td (get ) Tj ET Q q 0 0 0 rg BT 196.78 410.40 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 221.67 410.40 Td ( ) Tj ET Q q 0 0 0 rg BT 224.15 410.40 Td (for ) Tj ET Q q 0 0 0 rg BT 235.95 410.40 Td (each ) Tj ET Q q 0 0 0 rg BT 253.08 410.40 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 272.88 410.40 Td (year ) Tj ET Q q 0 0 0 rg BT 289.13 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 298.27 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 310.52 410.40 Td (Four) Tj ET Q q 0 0 0 rg BT 325.47 410.40 Td (-Y) Tj ET Q q 0 0 0 rg BT 333.11 410.40 Td (ear ) Tj ET Q q 0 0 0 rg BT 345.35 410.40 Td (Performance ) Tj ET Q q 0 0 0 rg BT 388.70 410.40 Td (Period ) Tj ET Q q 0 0 0 rg BT 412.06 410.40 Td (that ) Tj ET Q q 0 0 0 rg BT 426.53 410.40 Td (was ) Tj ET Q q 0 0 0 rg BT 441.45 410.40 Td (not ) Tj ET Q q 0 0 0 rg BT 454.15 410.40 Td (completed ) Tj ET Q q 0 0 0 rg BT 489.95 410.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 507.97 410.40 Td (to ) Tj ET Q q 0 0 0 rg BT 516.67 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 528.92 410.40 Td (Change ) Tj ET Q q 0 0 0 rg BT 555.84 410.40 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 399.35 Td (Control, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 113.73 399.35 Td (plus) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.06 399.35 Td ( ) Tj ET Q q 0 0 0 rg BT 128.84 399.35 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 141.29 399.35 Td (the ) Tj ET Q q 0 0 0 rg BT 152.84 399.35 Td (sum ) Tj ET Q q 0 0 0 rg BT 167.96 399.35 Td (of ) Tj ET Q q 0 0 0 rg BT 176.41 399.35 Td (the ) Tj ET Q q 0 0 0 rg BT 187.96 399.35 Td (actual ) Tj ET Q q 0 0 0 rg BT 208.84 399.35 Td (FCF ) Tj ET Q q 0 0 0 rg BT 224.86 399.35 Td (for ) Tj ET Q q 0 0 0 rg BT 235.96 399.35 Td (each ) Tj ET Q q 0 0 0 rg BT 252.40 399.35 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 271.50 399.35 Td (year ) Tj ET Q q 0 0 0 rg BT 287.05 399.35 Td (of ) Tj ET Q q 0 0 0 rg BT 295.50 399.35 Td (the ) Tj ET Q q 0 0 0 rg BT 307.05 399.35 Td (Four) Tj ET Q q 0 0 0 rg BT 322.00 399.35 Td (-Y) Tj ET Q q 0 0 0 rg BT 329.64 399.35 Td (ear ) Tj ET Q q 0 0 0 rg BT 341.19 399.35 Td (Performance ) Tj ET Q q 0 0 0 rg BT 383.84 399.35 Td (Period ) Tj ET Q q 0 0 0 rg BT 406.51 399.35 Td (completed ) Tj ET Q q 0 0 0 rg BT 441.61 399.35 Td (prior ) Tj ET Q q 0 0 0 rg BT 458.94 399.35 Td (to ) Tj ET Q q 0 0 0 rg BT 466.95 399.35 Td (the ) Tj ET Q q 0 0 0 rg BT 478.50 399.35 Td (Change ) Tj ET Q q 0 0 0 rg BT 504.72 399.35 Td (of ) Tj ET Q q 0 0 0 rg BT 513.16 399.35 Td (Control ) Tj ET Q q 0 0 0 rg BT 539.39 399.35 Td (and ) Tj ET Q q 0 0 0 rg BT 552.72 399.35 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 388.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 111.53 388.35 Td (of ) Tj ET Q q 0 0 0 rg BT 120.07 388.35 Td (T) Tj ET Q q 0 0 0 rg BT 124.40 388.35 Td (ar) Tj ET Q q 0 0 0 rg BT 130.47 388.35 Td (get ) Tj ET Q q 0 0 0 rg BT 142.27 388.35 Td (FCF ) Tj ET Q q 0 0 0 rg BT 158.54 388.35 Td (for ) Tj ET Q q 0 0 0 rg BT 169.89 388.35 Td (each ) Tj ET Q q 0 0 0 rg BT 186.58 388.35 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 205.93 388.35 Td (year ) Tj ET Q q 0 0 0 rg BT 221.72 388.35 Td (of ) Tj ET Q q 0 0 0 rg BT 230.42 388.35 Td (the ) Tj ET Q q 0 0 0 rg BT 242.22 388.35 Td (Four) Tj ET Q q 0 0 0 rg BT 257.17 388.35 Td (-Y) Tj ET Q q 0 0 0 rg BT 264.81 388.35 Td (ear ) Tj ET Q q 0 0 0 rg BT 276.61 388.35 Td (Performance ) Tj ET Q q 0 0 0 rg BT 319.51 388.35 Td (Period ) Tj ET Q q 0 0 0 rg BT 342.42 388.35 Td (that ) Tj ET Q q 0 0 0 rg BT 356.45 388.35 Td (was ) Tj ET Q q 0 0 0 rg BT 370.92 388.35 Td (not ) Tj ET Q q 0 0 0 rg BT 383.17 388.35 Td (completed ) Tj ET Q q 0 0 0 rg BT 418.52 388.35 Td (prior ) Tj ET Q q 0 0 0 rg BT 436.10 388.35 Td (to ) Tj ET Q q 0 0 0 rg BT 444.35 388.35 Td (the ) Tj ET Q q 0 0 0 rg BT 456.15 388.35 Td (Change ) Tj ET Q q 0 0 0 rg BT 482.62 388.35 Td (of ) Tj ET Q q 0 0 0 rg BT 491.31 388.35 Td (Control, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 519.79 388.35 Td (minus) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.90 388.35 Td ( ) Tj ET Q q 0 0 0 rg BT 540.93 388.35 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 552.73 388.35 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 377.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 111.27 377.30 Td (of ) Tj ET Q q 0 0 0 rg BT 119.70 377.30 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 144.60 377.30 Td (that ) Tj ET Q q 0 0 0 rg BT 158.37 377.30 Td (have ) Tj ET Q q 0 0 0 rg BT 175.24 377.30 Td (vested ) Tj ET Q q 0 0 0 rg BT 197.45 377.30 Td (on ) Tj ET Q q 0 0 0 rg BT 207.22 377.30 Td (the ) Tj ET Q q 0 0 0 rg BT 218.77 377.30 Td (Second ) Tj ET Q q 0 0 0 rg BT 243.70 377.30 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 285.01 377.30 Td (Early ) Tj ET Q q 0 0 0 rg BT 303.98 377.30 Td (V) Tj ET Q q 0 0 0 rg BT 308.87 377.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 329.75 377.30 Td (Date ) Tj ET Q q 0 0 0 rg BT 346.62 377.30 Td (and ) Tj ET Q q 0 0 0 rg BT 359.95 377.30 Td (the ) Tj ET Q q 0 0 0 rg BT 371.36 377.30 Td (Third ) Tj ET Q q 0 0 0 rg BT 390.52 377.30 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 431.83 377.30 Td (Early ) Tj ET Q q 0 0 0 rg BT 450.80 377.30 Td (V) Tj ET Q q 0 0 0 rg BT 455.69 377.30 Td (esting ) Tj ET Q q 0 0 0 rg BT 476.57 377.30 Td (Date, ) Tj ET Q q 0 0 0 rg BT 495.44 377.30 Td (if ) Tj ET Q q 0 0 0 rg BT 502.10 377.30 Td (either ) Tj ET Q q 0 0 0 rg BT 522.08 377.30 Td (has ) Tj ET Q q 0 0 0 rg BT 534.52 377.30 Td (occurred ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 366.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 103.05 366.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.27 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.05 366.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 149.48 366.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.15 366.25 Td (Control, ) Tj ET Q q 0 0 0 rg BT 186.59 366.25 Td (will ) Tj ET Q q 0 0 0 rg BT 201.04 366.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 218.15 366.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 233.04 366.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 275.02 366.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 292.57 366.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.80 366.25 Td (such ) Tj ET Q q 0 0 0 rg BT 317.46 366.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 343.90 366.25 Td (of ) Tj ET Q q 0 0 0 rg BT 352.56 366.25 Td (Control. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 344.15 Td (3. ) Tj ET Q q 0 0 0 rg BT 85.50 344.15 Td (In ) Tj ET Q q 0 0 0 rg BT 94.57 344.15 Td (the ) Tj ET Q q 0 0 0 rg BT 106.74 344.15 Td (event ) Tj ET Q q 0 0 0 rg BT 126.47 344.15 Td (of ) Tj ET Q q 0 0 0 rg BT 135.54 344.15 Td (a ) Tj ET Q q 0 0 0 rg BT 141.32 344.15 Td (T) Tj ET Q q 0 0 0 rg BT 145.92 344.15 Td (ime ) Tj ET Q q 0 0 0 rg BT 160.15 344.15 Td (W) Tj ET Q q 0 0 0 rg BT 167.06 344.15 Td (arner ) Tj ET Q q 0 0 0 rg BT 185.72 344.15 Td (T) Tj ET Q q 0 0 0 rg BT 190.33 344.15 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 225.60 344.15 Td (and ) Tj ET Q q 0 0 0 rg BT 239.56 344.15 Td (the ) Tj ET Q q 0 0 0 rg BT 251.73 344.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 285.25 344.15 Td (continues ) Tj ET Q q 0 0 0 rg BT 318.31 344.15 Td (to ) Tj ET Q q 0 0 0 rg BT 326.94 344.15 Td (be ) Tj ET Q q 0 0 0 rg BT 336.89 344.15 Td (publicly ) Tj ET Q q 0 0 0 rg BT 365.51 344.15 Td (traded ) Tj ET Q q 0 0 0 rg BT 387.90 344.15 Td (with ) Tj ET Q q 0 0 0 rg BT 404.53 344.15 Td (its ) Tj ET Q q 0 0 0 rg BT 414.49 344.15 Td (shares ) Tj ET Q q 0 0 0 rg BT 436.89 344.15 Td (of ) Tj ET Q q 0 0 0 rg BT 445.96 344.15 Td (Class ) Tj ET Q q 0 0 0 rg BT 465.16 344.15 Td (A) Tj ET Q q 0 0 0 rg BT 470.50 344.15 Td ( ) Tj ET Q q 0 0 0 rg BT 472.90 344.15 Td (common ) Tj ET Q q 0 0 0 rg BT 503.30 344.15 Td (stock ) Tj ET Q q 0 0 0 rg BT 522.59 344.15 Td (listed ) Tj ET Q q 0 0 0 rg BT 542.33 344.15 Td (on ) Tj ET Q q 0 0 0 rg BT 552.73 344.15 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 333.15 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 120.79 333.15 Td (Global ) Tj ET Q q 0 0 0 rg BT 144.53 333.15 Td (Market, ) Tj ET Q q 0 0 0 rg BT 171.59 333.15 Td (the ) Tj ET Q q 0 0 0 rg BT 183.32 333.15 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 208.40 333.15 Td (granted ) Tj ET Q q 0 0 0 rg BT 234.35 333.15 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 268.29 333.15 Td (will ) Tj ET Q q 0 0 0 rg BT 282.70 333.15 Td (continue ) Tj ET Q q 0 0 0 rg BT 312.20 333.15 Td (to ) Tj ET Q q 0 0 0 rg BT 320.38 333.15 Td (vest ) Tj ET Q q 0 0 0 rg BT 335.23 333.15 Td (in ) Tj ET Q q 0 0 0 rg BT 343.41 333.15 Td (accordance ) Tj ET Q q 0 0 0 rg BT 381.34 333.15 Td (with ) Tj ET Q q 0 0 0 rg BT 397.52 333.15 Td (the ) Tj ET Q q 0 0 0 rg BT 409.25 333.15 Td (performance ) Tj ET Q q 0 0 0 rg BT 451.63 333.15 Td (conditions ) Tj ET Q q 0 0 0 rg BT 486.92 333.15 Td (set ) Tj ET Q q 0 0 0 rg BT 497.77 333.15 Td (out ) Tj ET Q q 0 0 0 rg BT 509.95 333.15 Td (in ) Tj ET Q q 0 0 0 rg BT 517.70 333.15 Td (Annex ) Tj ET Q q 0 0 0 rg BT 540.55 333.15 Td (A) Tj ET Q q 0 0 0 rg BT 545.89 333.15 Td ( ) Tj ET Q q 0 0 0 rg BT 547.85 333.15 Td (until ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.27 322.10 Td (earliest ) Tj ET Q q 0 0 0 rg BT 122.37 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.59 322.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 150.36 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.02 322.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 168.57 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.35 322.10 Td (Final ) Tj ET Q q 0 0 0 rg BT 198.65 322.10 Td (V) Tj ET Q q 0 0 0 rg BT 203.54 322.10 Td (esting ) Tj ET Q q 0 0 0 rg BT 224.65 322.10 Td (Date, ) Tj ET Q q 0 0 0 rg BT 243.75 322.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 255.52 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.07 322.10 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 297.59 322.10 Td (T) Tj ET Q q 0 0 0 rg BT 301.92 322.10 Td (ermination ) Tj ET Q q 0 0 0 rg BT 338.57 322.10 Td (Event, ) Tj ET Q q 0 0 0 rg BT 361.23 322.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 375.23 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 380.78 322.10 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 412.11 322.10 Td (Event, ) Tj ET Q q 0 0 0 rg BT 434.77 322.10 Td (or ) Tj ET Q q 0 0 0 rg BT 443.44 322.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 456.99 322.10 Td (an ) Tj ET Q q 0 0 0 rg BT 466.54 322.10 Td (L) Tj ET Q q 0 0 0 rg BT 470.69 322.10 Td (TIP) Tj ET Q q 0 0 0 rg BT 482.39 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 484.39 322.10 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 523.29 322.10 Td (Event. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 301.45 Td (4. ) Tj ET Q q 0 0 0 rg BT 85.50 301.45 Td (In ) Tj ET Q q 0 0 0 rg BT 95.06 301.45 Td (connection ) Tj ET Q q 0 0 0 rg BT 133.05 301.45 Td (with ) Tj ET Q q 0 0 0 rg BT 150.17 301.45 Td (a ) Tj ET Q q 0 0 0 rg BT 156.62 301.45 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 193.96 301.45 Td (T) Tj ET Q q 0 0 0 rg BT 198.29 301.45 Td (ermination ) Tj ET Q q 0 0 0 rg BT 235.84 301.45 Td (Event, ) Tj ET Q q 0 0 0 rg BT 259.40 301.45 Td (the ) Tj ET Q q 0 0 0 rg BT 272.07 301.45 Td (performance ) Tj ET Q q 0 0 0 rg BT 315.38 301.45 Td (conditions ) Tj ET Q q 0 0 0 rg BT 351.61 301.45 Td (for ) Tj ET Q q 0 0 0 rg BT 363.83 301.45 Td (awards ) Tj ET Q q 0 0 0 rg BT 389.38 301.45 Td (of ) Tj ET Q q 0 0 0 rg BT 398.94 301.45 Td (Performance ) Tj ET Q q 0 0 0 rg BT 442.71 301.45 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 478.04 301.45 Td (Stock ) Tj ET Q q 0 0 0 rg BT 499.15 301.45 Td (Units ) Tj ET Q q 0 0 0 rg BT 519.39 301.45 Td (that ) Tj ET Q q 0 0 0 rg BT 534.28 301.45 Td (have ) Tj ET Q q 0 0 0 rg BT 552.27 301.45 Td (not ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 290.40 Td (previously ) Tj ET Q q 0 0 0 rg BT 121.16 290.40 Td (vested ) Tj ET Q q 0 0 0 rg BT 143.48 290.40 Td (will ) Tj ET Q q 0 0 0 rg BT 157.80 290.40 Td (lapse ) Tj ET Q q 0 0 0 rg BT 176.13 290.40 Td (and ) Tj ET Q q 0 0 0 rg BT 189.56 290.40 Td (an ) Tj ET Q q 0 0 0 rg BT 198.99 290.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 224.87 290.40 Td (of ) Tj ET Q q 0 0 0 rg BT 233.42 290.40 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 258.43 290.40 Td (equal ) Tj ET Q q 0 0 0 rg BT 277.63 290.40 Td (to ) Tj ET Q q 0 0 0 rg BT 285.74 290.40 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 295.17 290.40 Td (the ) Tj ET Q q 0 0 0 rg BT 306.83 290.40 Td (number ) Tj ET Q q 0 0 0 rg BT 333.15 290.40 Td (of ) Tj ET Q q 0 0 0 rg BT 341.70 290.40 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 366.70 290.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 404.57 290.40 Td ( ) Tj ET Q q 0 0 0 rg BT 406.45 290.40 Td (in ) Tj ET Q q 0 0 0 rg BT 414.56 290.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 452.41 290.40 Td (with ) Tj ET Q q 0 0 0 rg BT 468.52 290.40 Td (clause ) Tj ET Q q 0 0 0 rg BT 490.39 290.40 Td (2 ) Tj ET Q q 0 0 0 rg BT 496.27 290.40 Td (of ) Tj ET Q q 0 0 0 rg BT 504.40 290.40 Td (Annex ) Tj ET Q q 0 0 0 rg BT 527.20 290.40 Td (A) Tj ET Q q 0 0 0 rg BT 532.53 290.40 Td ( ) Tj ET Q q 0 0 0 rg BT 534.42 290.40 Td (based ) Tj ET Q q 0 0 0 rg BT 554.51 290.40 Td (on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 279.35 Td (a ) Tj ET Q q 0 0 0 rg BT 90.84 279.35 Td (performance ) Tj ET Q q 0 0 0 rg BT 133.05 279.35 Td (level ) Tj ET Q q 0 0 0 rg BT 150.39 279.35 Td (that ) Tj ET Q q 0 0 0 rg BT 164.18 279.35 Td (would ) Tj ET Q q 0 0 0 rg BT 185.98 279.35 Td (result ) Tj ET Q q 0 0 0 rg BT 205.54 279.35 Td (from ) Tj ET Q q 0 0 0 rg BT 222.89 279.35 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 235.79 279.35 Td (the ) Tj ET Q q 0 0 0 rg BT 247.35 279.35 Td (sum ) Tj ET Q q 0 0 0 rg BT 262.48 279.35 Td (of ) Tj ET Q q 0 0 0 rg BT 270.94 279.35 Td (the ) Tj ET Q q 0 0 0 rg BT 282.50 279.35 Td (actual ) Tj ET Q q 0 0 0 rg BT 303.39 279.35 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 328.29 279.35 Td ( ) Tj ET Q q 0 0 0 rg BT 330.08 279.35 Td (for ) Tj ET Q q 0 0 0 rg BT 341.20 279.35 Td (each ) Tj ET Q q 0 0 0 rg BT 357.64 279.35 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 376.76 279.35 Td (year ) Tj ET Q q 0 0 0 rg BT 392.32 279.35 Td (of ) Tj ET Q q 0 0 0 rg BT 400.78 279.35 Td (the ) Tj ET Q q 0 0 0 rg BT 412.34 279.35 Td (Four) Tj ET Q q 0 0 0 rg BT 427.30 279.35 Td (-Y) Tj ET Q q 0 0 0 rg BT 434.94 279.35 Td (ear ) Tj ET Q q 0 0 0 rg BT 446.50 279.35 Td (Performance ) Tj ET Q q 0 0 0 rg BT 489.16 279.35 Td (Period ) Tj ET Q q 0 0 0 rg BT 511.84 279.35 Td (completed ) Tj ET Q q 0 0 0 rg BT 546.95 279.35 Td (prior ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 268.35 Td (to ) Tj ET Q q 0 0 0 rg BT 93.17 268.35 Td (such ) Tj ET Q q 0 0 0 rg BT 109.29 268.35 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 145.30 268.35 Td (T) Tj ET Q q 0 0 0 rg BT 149.62 268.35 Td (ermination ) Tj ET Q q 0 0 0 rg BT 185.73 268.35 Td (Event ) Tj ET Q q 0 0 0 rg BT 205.84 268.35 Td (and ) Tj ET Q q 0 0 0 rg BT 218.84 268.35 Td (the ) Tj ET Q q 0 0 0 rg BT 230.07 268.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 255.52 268.35 Td (of ) Tj ET Q q 0 0 0 rg BT 263.53 268.35 Td (T) Tj ET Q q 0 0 0 rg BT 267.85 268.35 Td (ar) Tj ET Q q 0 0 0 rg BT 273.92 268.35 Td (get ) Tj ET Q q 0 0 0 rg BT 285.15 268.35 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 310.04 268.35 Td ( ) Tj ET Q q 0 0 0 rg BT 311.49 268.35 Td (for ) Tj ET Q q 0 0 0 rg BT 322.27 268.35 Td (each ) Tj ET Q q 0 0 0 rg BT 338.37 268.35 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 357.15 268.35 Td (year ) Tj ET Q q 0 0 0 rg BT 372.37 268.35 Td (of ) Tj ET Q q 0 0 0 rg BT 380.48 268.35 Td (the ) Tj ET Q q 0 0 0 rg BT 391.71 268.35 Td (Four) Tj ET Q q 0 0 0 rg BT 406.66 268.35 Td (-Y) Tj ET Q q 0 0 0 rg BT 414.30 268.35 Td (ear ) Tj ET Q q 0 0 0 rg BT 425.52 268.35 Td (Performance ) Tj ET Q q 0 0 0 rg BT 467.83 268.35 Td (Period ) Tj ET Q q 0 0 0 rg BT 490.17 268.35 Td (that ) Tj ET Q q 0 0 0 rg BT 503.62 268.35 Td (was ) Tj ET Q q 0 0 0 rg BT 517.51 268.35 Td (not ) Tj ET Q q 0 0 0 rg BT 529.19 268.35 Td (completed ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 257.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 102.71 257.30 Td (to ) Tj ET Q q 0 0 0 rg BT 110.60 257.30 Td (the ) Tj ET Q q 0 0 0 rg BT 122.04 257.30 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 158.24 257.30 Td (T) Tj ET Q q 0 0 0 rg BT 162.57 257.30 Td (ermination ) Tj ET Q q 0 0 0 rg BT 198.89 257.30 Td (Event, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 221.21 257.30 Td (plus) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.55 257.30 Td ( ) Tj ET Q q 0 0 0 rg BT 236.21 257.30 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 248.54 257.30 Td (the ) Tj ET Q q 0 0 0 rg BT 259.97 257.30 Td (sum ) Tj ET Q q 0 0 0 rg BT 274.97 257.30 Td (of ) Tj ET Q q 0 0 0 rg BT 283.30 257.30 Td (the ) Tj ET Q q 0 0 0 rg BT 294.74 257.30 Td (actual ) Tj ET Q q 0 0 0 rg BT 315.50 257.30 Td (FCF ) Tj ET Q q 0 0 0 rg BT 331.39 257.30 Td (for ) Tj ET Q q 0 0 0 rg BT 342.38 257.30 Td (each ) Tj ET Q q 0 0 0 rg BT 358.70 257.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 377.69 257.30 Td (year ) Tj ET Q q 0 0 0 rg BT 393.12 257.30 Td (of ) Tj ET Q q 0 0 0 rg BT 401.44 257.30 Td (the ) Tj ET Q q 0 0 0 rg BT 412.88 257.30 Td (Four) Tj ET Q q 0 0 0 rg BT 427.83 257.30 Td (-Y) Tj ET Q q 0 0 0 rg BT 435.47 257.30 Td (ear ) Tj ET Q q 0 0 0 rg BT 446.90 257.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 489.43 257.30 Td (Period ) Tj ET Q q 0 0 0 rg BT 511.98 257.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 546.97 257.30 Td (prior ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 246.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.76 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.58 246.25 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 142.13 246.25 Td (T) Tj ET Q q 0 0 0 rg BT 146.46 246.25 Td (ermination ) Tj ET Q q 0 0 0 rg BT 183.16 246.25 Td (Event ) Tj ET Q q 0 0 0 rg BT 203.86 246.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.46 246.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.50 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.31 246.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 257.35 246.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.91 246.25 Td (T) Tj ET Q q 0 0 0 rg BT 270.24 246.25 Td (ar) Tj ET Q q 0 0 0 rg BT 276.31 246.25 Td (get ) Tj ET Q q 0 0 0 rg BT 288.12 246.25 Td (FCF ) Tj ET Q q 0 0 0 rg BT 304.40 246.25 Td (for ) Tj ET Q q 0 0 0 rg BT 315.77 246.25 Td (each ) Tj ET Q q 0 0 0 rg BT 332.46 246.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 351.83 246.25 Td (year ) Tj ET Q q 0 0 0 rg BT 367.64 246.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.34 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.16 246.25 Td (Four) Tj ET Q q 0 0 0 rg BT 403.11 246.25 Td (-Y) Tj ET Q q 0 0 0 rg BT 410.75 246.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 422.56 246.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 465.47 246.25 Td (Period ) Tj ET Q q 0 0 0 rg BT 488.40 246.25 Td (that ) Tj ET Q q 0 0 0 rg BT 502.44 246.25 Td (was ) Tj ET Q q 0 0 0 rg BT 516.92 246.25 Td (not ) Tj ET Q q 0 0 0 rg BT 529.19 246.25 Td (completed ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 235.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 103.37 235.20 Td (to ) Tj ET Q q 0 0 0 rg BT 111.92 235.20 Td (the ) Tj ET Q q 0 0 0 rg BT 124.01 235.20 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 160.83 235.20 Td (T) Tj ET Q q 0 0 0 rg BT 165.16 235.20 Td (ermination ) Tj ET Q q 0 0 0 rg BT 202.13 235.20 Td (Event, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 225.12 235.20 Td (minus) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.23 235.20 Td ( ) Tj ET Q q 0 0 0 rg BT 246.55 235.20 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 258.65 235.20 Td (the ) Tj ET Q q 0 0 0 rg BT 270.74 235.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 297.06 235.20 Td (of ) Tj ET Q q 0 0 0 rg BT 306.05 235.20 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 331.50 235.20 Td (that ) Tj ET Q q 0 0 0 rg BT 345.81 235.20 Td (have ) Tj ET Q q 0 0 0 rg BT 363.24 235.20 Td (vested ) Tj ET Q q 0 0 0 rg BT 386.00 235.20 Td (on ) Tj ET Q q 0 0 0 rg BT 396.32 235.20 Td (the ) Tj ET Q q 0 0 0 rg BT 408.42 235.20 Td (Second ) Tj ET Q q 0 0 0 rg BT 433.78 235.20 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 475.64 235.20 Td (Early ) Tj ET Q q 0 0 0 rg BT 495.12 235.20 Td (V) Tj ET Q q 0 0 0 rg BT 500.01 235.20 Td (esting ) Tj ET Q q 0 0 0 rg BT 521.44 235.20 Td (Date ) Tj ET Q q 0 0 0 rg BT 538.87 235.20 Td (and ) Tj ET Q q 0 0 0 rg BT 552.74 235.20 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 224.15 Td (Third ) Tj ET Q q 0 0 0 rg BT 104.83 224.15 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 146.38 224.15 Td (Early ) Tj ET Q q 0 0 0 rg BT 165.55 224.15 Td (V) Tj ET Q q 0 0 0 rg BT 170.45 224.15 Td (esting ) Tj ET Q q 0 0 0 rg BT 191.55 224.15 Td (Date ) Tj ET Q q 0 0 0 rg BT 208.66 224.15 Td (\(if ) Tj ET Q q 0 0 0 rg BT 218.21 224.15 Td (any\) ) Tj ET Q q 0 0 0 rg BT 234.42 224.15 Td (will ) Tj ET Q q 0 0 0 rg BT 248.87 224.15 Td (fully ) Tj ET Q q 0 0 0 rg BT 265.98 224.15 Td (vest ) Tj ET Q q 0 0 0 rg BT 280.86 224.15 Td (immediately ) Tj ET Q q 0 0 0 rg BT 322.85 224.15 Td (prior ) Tj ET Q q 0 0 0 rg BT 340.40 224.15 Td (to ) Tj ET Q q 0 0 0 rg BT 348.63 224.15 Td (such ) Tj ET Q q 0 0 0 rg BT 365.29 224.15 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 401.80 224.15 Td (T) Tj ET Q q 0 0 0 rg BT 406.13 224.15 Td (ermination ) Tj ET Q q 0 0 0 rg BT 442.79 224.15 Td (Event.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 202.10 Td (5. ) Tj ET Q q 0 0 0 rg BT 85.50 202.10 Td (In ) Tj ET Q q 0 0 0 rg BT 94.01 202.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 130.96 202.10 Td (with ) Tj ET Q q 0 0 0 rg BT 147.03 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.43 202.10 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 183.61 202.10 Td (Event ) Tj ET Q q 0 0 0 rg BT 204.12 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 212.63 202.10 Td (an ) Tj ET Q q 0 0 0 rg BT 222.03 202.10 Td (L) Tj ET Q q 0 0 0 rg BT 226.18 202.10 Td (TIP) Tj ET Q q 0 0 0 rg BT 237.89 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.74 202.10 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 278.48 202.10 Td (Event, ) Tj ET Q q 0 0 0 rg BT 300.99 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.61 202.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 354.88 202.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 390.06 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 401.23 202.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 425.74 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.25 202.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 476.97 202.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 511.25 202.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 531.32 202.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 550.50 202.10 Td (that ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 191.05 Td (have ) Tj ET Q q 0 0 0 rg BT 102.54 191.05 Td (not ) Tj ET Q q 0 0 0 rg BT 114.70 191.05 Td (previously ) Tj ET Q q 0 0 0 rg BT 150.41 191.05 Td (vested ) Tj ET Q q 0 0 0 rg BT 172.79 191.05 Td (will ) Tj ET Q q 0 0 0 rg BT 187.17 191.05 Td (lapse ) Tj ET Q q 0 0 0 rg BT 205.55 191.05 Td (and ) Tj ET Q q 0 0 0 rg BT 219.04 191.05 Td (an ) Tj ET Q q 0 0 0 rg BT 228.53 191.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 254.46 191.05 Td (of ) Tj ET Q q 0 0 0 rg BT 263.06 191.05 Td (PRSUS ) Tj ET Q q 0 0 0 rg BT 289.46 191.05 Td (equal ) Tj ET Q q 0 0 0 rg BT 308.73 191.05 Td (to ) Tj ET Q q 0 0 0 rg BT 316.89 191.05 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 326.38 191.05 Td (the ) Tj ET Q q 0 0 0 rg BT 338.09 191.05 Td (number ) Tj ET Q q 0 0 0 rg BT 364.46 191.05 Td (of ) Tj ET Q q 0 0 0 rg BT 373.07 191.05 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 398.13 191.05 Td (determined ) Tj ET Q q 0 0 0 rg BT 436.05 191.05 Td (in ) Tj ET Q q 0 0 0 rg BT 444.21 191.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 482.12 191.05 Td (with ) Tj ET Q q 0 0 0 rg BT 498.28 191.05 Td (clause ) Tj ET Q q 0 0 0 rg BT 520.21 191.05 Td (2 ) Tj ET Q q 0 0 0 rg BT 526.15 191.05 Td (of ) Tj ET Q q 0 0 0 rg BT 534.32 191.05 Td (Annex ) Tj ET Q q 0 0 0 rg BT 557.16 191.05 Td (A) Tj ET Q q 0 0 0 rg BT 562.50 191.05 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 180.00 Td (based ) Tj ET Q q 0 0 0 rg BT 105.01 180.00 Td (on ) Tj ET Q q 0 0 0 rg BT 114.30 180.00 Td (a ) Tj ET Q q 0 0 0 rg BT 119.15 180.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 160.86 180.00 Td (level ) Tj ET Q q 0 0 0 rg BT 177.71 180.00 Td (that ) Tj ET Q q 0 0 0 rg BT 191.00 180.00 Td (would ) Tj ET Q q 0 0 0 rg BT 212.29 180.00 Td (result ) Tj ET Q q 0 0 0 rg BT 231.36 180.00 Td (from ) Tj ET Q q 0 0 0 rg BT 248.21 180.00 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 260.61 180.00 Td (the ) Tj ET Q q 0 0 0 rg BT 271.67 180.00 Td (sum ) Tj ET Q q 0 0 0 rg BT 286.30 180.00 Td (of ) Tj ET Q q 0 0 0 rg BT 294.26 180.00 Td (the ) Tj ET Q q 0 0 0 rg BT 305.33 180.00 Td (actual ) Tj ET Q q 0 0 0 rg BT 325.72 180.00 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 350.62 180.00 Td ( ) Tj ET Q q 0 0 0 rg BT 351.91 180.00 Td (for ) Tj ET Q q 0 0 0 rg BT 362.53 180.00 Td (each ) Tj ET Q q 0 0 0 rg BT 378.48 180.00 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 397.10 180.00 Td (year ) Tj ET Q q 0 0 0 rg BT 412.16 180.00 Td (of ) Tj ET Q q 0 0 0 rg BT 420.12 180.00 Td (the ) Tj ET Q q 0 0 0 rg BT 431.19 180.00 Td (Four) Tj ET Q q 0 0 0 rg BT 446.14 180.00 Td (-Y) Tj ET Q q 0 0 0 rg BT 453.78 180.00 Td (ear ) Tj ET Q q 0 0 0 rg BT 464.84 180.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 507.00 180.00 Td (Period ) Tj ET Q q 0 0 0 rg BT 529.19 180.00 Td (completed ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 168.95 Td (prior ) Tj ET Q q 0 0 0 rg BT 103.22 168.95 Td (to ) Tj ET Q q 0 0 0 rg BT 111.61 168.95 Td (such ) Tj ET Q q 0 0 0 rg BT 128.44 168.95 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 159.93 168.95 Td (Event ) Tj ET Q q 0 0 0 rg BT 180.76 168.95 Td (or ) Tj ET Q q 0 0 0 rg BT 189.59 168.95 Td (L) Tj ET Q q 0 0 0 rg BT 193.74 168.95 Td (TIP) Tj ET Q q 0 0 0 rg BT 205.45 168.95 Td ( ) Tj ET Q q 0 0 0 rg BT 207.61 168.95 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 246.67 168.95 Td (Event ) Tj ET Q q 0 0 0 rg BT 267.50 168.95 Td (and ) Tj ET Q q 0 0 0 rg BT 281.21 168.95 Td ( ) Tj ET Q q 0 0 0 rg BT 283.38 168.95 Td (the ) Tj ET Q q 0 0 0 rg BT 295.32 168.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 321.48 168.95 Td (of ) Tj ET Q q 0 0 0 rg BT 330.16 168.95 Td (T) Tj ET Q q 0 0 0 rg BT 334.48 168.95 Td (ar) Tj ET Q q 0 0 0 rg BT 340.55 168.95 Td (get ) Tj ET Q q 0 0 0 rg BT 352.49 168.95 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 377.38 168.95 Td ( ) Tj ET Q q 0 0 0 rg BT 379.55 168.95 Td (for ) Tj ET Q q 0 0 0 rg BT 391.04 168.95 Td (each ) Tj ET Q q 0 0 0 rg BT 407.86 168.95 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 427.35 168.95 Td (year ) Tj ET Q q 0 0 0 rg BT 443.28 168.95 Td (of ) Tj ET Q q 0 0 0 rg BT 452.11 168.95 Td (the ) Tj ET Q q 0 0 0 rg BT 464.05 168.95 Td (Four) Tj ET Q q 0 0 0 rg BT 479.01 168.95 Td (-Y) Tj ET Q q 0 0 0 rg BT 486.65 168.95 Td (ear ) Tj ET Q q 0 0 0 rg BT 498.58 168.95 Td (Performance ) Tj ET Q q 0 0 0 rg BT 541.61 168.95 Td (Period ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 157.95 Td (that ) Tj ET Q q 0 0 0 rg BT 99.66 157.95 Td (was ) Tj ET Q q 0 0 0 rg BT 114.27 157.95 Td (not ) Tj ET Q q 0 0 0 rg BT 126.66 157.95 Td (completed ) Tj ET Q q 0 0 0 rg BT 162.15 157.95 Td (prior ) Tj ET Q q 0 0 0 rg BT 179.87 157.95 Td (to ) Tj ET Q q 0 0 0 rg BT 188.26 157.95 Td (such ) Tj ET Q q 0 0 0 rg BT 205.09 157.95 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 236.59 157.95 Td (Event ) Tj ET Q q 0 0 0 rg BT 257.41 157.95 Td (or ) Tj ET Q q 0 0 0 rg BT 266.24 157.95 Td (L) Tj ET Q q 0 0 0 rg BT 270.40 157.95 Td (TIP) Tj ET Q q 0 0 0 rg BT 282.10 157.95 Td ( ) Tj ET Q q 0 0 0 rg BT 284.27 157.95 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 323.33 157.95 Td (Event, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.16 157.95 Td (plus) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.49 157.95 Td ( ) Tj ET Q q 0 0 0 rg BT 361.66 157.95 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 374.49 157.95 Td (the ) Tj ET Q q 0 0 0 rg BT 386.43 157.95 Td (sum ) Tj ET Q q 0 0 0 rg BT 401.93 157.95 Td (of ) Tj ET Q q 0 0 0 rg BT 410.76 157.95 Td (the ) Tj ET Q q 0 0 0 rg BT 422.70 157.95 Td (actual ) Tj ET Q q 0 0 0 rg BT 443.97 157.95 Td (FCF ) Tj ET Q q 0 0 0 rg BT 460.37 157.95 Td (for ) Tj ET Q q 0 0 0 rg BT 471.87 157.95 Td (each ) Tj ET Q q 0 0 0 rg BT 488.68 157.95 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 508.18 157.95 Td (year ) Tj ET Q q 0 0 0 rg BT 524.11 157.95 Td (of ) Tj ET Q q 0 0 0 rg BT 532.94 157.95 Td (the ) Tj ET Q q 0 0 0 rg BT 544.88 157.95 Td (Four) Tj ET Q q 0 0 0 rg BT 559.83 157.95 Td (-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 146.90 Td (Y) Tj ET Q q 0 0 0 rg BT 90.48 146.90 Td (ear ) Tj ET Q q 0 0 0 rg BT 102.20 146.90 Td (Performance ) Tj ET Q q 0 0 0 rg BT 145.02 146.90 Td (Period ) Tj ET Q q 0 0 0 rg BT 167.86 146.90 Td (completed ) Tj ET Q q 0 0 0 rg BT 203.14 146.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 220.64 146.90 Td (to ) Tj ET Q q 0 0 0 rg BT 228.82 146.90 Td (such ) Tj ET Q q 0 0 0 rg BT 245.44 146.90 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 276.73 146.90 Td (Event ) Tj ET Q q 0 0 0 rg BT 297.34 146.90 Td (or ) Tj ET Q q 0 0 0 rg BT 305.96 146.90 Td (L) Tj ET Q q 0 0 0 rg BT 310.11 146.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 321.82 146.90 Td ( ) Tj ET Q q 0 0 0 rg BT 323.77 146.90 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 362.62 146.90 Td (Event ) Tj ET Q q 0 0 0 rg BT 383.24 146.90 Td (and ) Tj ET Q q 0 0 0 rg BT 396.74 146.90 Td (the ) Tj ET Q q 0 0 0 rg BT 408.47 146.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 434.42 146.90 Td (of ) Tj ET Q q 0 0 0 rg BT 442.90 146.90 Td (T) Tj ET Q q 0 0 0 rg BT 447.23 146.90 Td (ar) Tj ET Q q 0 0 0 rg BT 453.30 146.90 Td (get ) Tj ET Q q 0 0 0 rg BT 465.03 146.90 Td (FCF ) Tj ET Q q 0 0 0 rg BT 481.22 146.90 Td (for ) Tj ET Q q 0 0 0 rg BT 492.50 146.90 Td (each ) Tj ET Q q 0 0 0 rg BT 509.11 146.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 528.39 146.90 Td (year ) Tj ET Q q 0 0 0 rg BT 544.11 146.90 Td (of ) Tj ET Q q 0 0 0 rg BT 552.73 146.90 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 135.85 Td (Four) Tj ET Q q 0 0 0 rg BT 100.45 135.85 Td (-Y) Tj ET Q q 0 0 0 rg BT 108.09 135.85 Td (ear ) Tj ET Q q 0 0 0 rg BT 119.95 135.85 Td (Performance ) Tj ET Q q 0 0 0 rg BT 162.91 135.85 Td (Period ) Tj ET Q q 0 0 0 rg BT 185.88 135.85 Td (that ) Tj ET Q q 0 0 0 rg BT 199.97 135.85 Td (was ) Tj ET Q q 0 0 0 rg BT 214.50 135.85 Td (not ) Tj ET Q q 0 0 0 rg BT 226.81 135.85 Td (completed ) Tj ET Q q 0 0 0 rg BT 262.22 135.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 279.86 135.85 Td (to ) Tj ET Q q 0 0 0 rg BT 288.18 135.85 Td (such ) Tj ET Q q 0 0 0 rg BT 304.93 135.85 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 336.35 135.85 Td (Event ) Tj ET Q q 0 0 0 rg BT 357.10 135.85 Td (or ) Tj ET Q q 0 0 0 rg BT 365.86 135.85 Td (L) Tj ET Q q 0 0 0 rg BT 370.01 135.85 Td (TIP) Tj ET Q q 0 0 0 rg BT 381.71 135.85 Td ( ) Tj ET Q q 0 0 0 rg BT 383.80 135.85 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 422.79 135.85 Td (Event, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.54 135.85 Td (minus) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.65 135.85 Td ( ) Tj ET Q q 0 0 0 rg BT 466.74 135.85 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 478.60 135.85 Td (the ) Tj ET Q q 0 0 0 rg BT 490.46 135.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 516.55 135.85 Td (of ) Tj ET Q q 0 0 0 rg BT 525.30 135.85 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 550.52 135.85 Td (that ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 124.80 Td (have ) Tj ET Q q 0 0 0 rg BT 102.62 124.80 Td (vested ) Tj ET Q q 0 0 0 rg BT 125.08 124.80 Td (on ) Tj ET Q q 0 0 0 rg BT 135.10 124.80 Td (the ) Tj ET Q q 0 0 0 rg BT 146.89 124.80 Td (Second ) Tj ET Q q 0 0 0 rg BT 172.02 124.80 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 213.58 124.80 Td (Early ) Tj ET Q q 0 0 0 rg BT 232.78 124.80 Td (V) Tj ET Q q 0 0 0 rg BT 237.67 124.80 Td (esting ) Tj ET Q q 0 0 0 rg BT 258.80 124.80 Td (Date ) Tj ET Q q 0 0 0 rg BT 275.92 124.80 Td (and ) Tj ET Q q 0 0 0 rg BT 289.50 124.80 Td (the ) Tj ET Q q 0 0 0 rg BT 301.14 124.80 Td (Third ) Tj ET Q q 0 0 0 rg BT 320.49 124.80 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 362.06 124.80 Td (Early ) Tj ET Q q 0 0 0 rg BT 381.25 124.80 Td (V) Tj ET Q q 0 0 0 rg BT 386.15 124.80 Td (esting ) Tj ET Q q 0 0 0 rg BT 407.27 124.80 Td (Date ) Tj ET Q q 0 0 0 rg BT 424.40 124.80 Td (\(if ) Tj ET Q q 0 0 0 rg BT 433.97 124.80 Td (any\) ) Tj ET Q q 0 0 0 rg BT 450.20 124.80 Td (will ) Tj ET Q q 0 0 0 rg BT 464.67 124.80 Td (fully ) Tj ET Q q 0 0 0 rg BT 481.80 124.80 Td (vest ) Tj ET Q q 0 0 0 rg BT 496.71 124.80 Td (immediately ) Tj ET Q q 0 0 0 rg BT 538.72 124.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 556.29 124.80 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 85.50 113.75 Td (such ) Tj ET Q q 0 0 0 rg BT 102.16 113.75 Td (Delisting ) Tj ET Q q 0 0 0 rg BT 133.50 113.75 Td (Event ) Tj ET Q q 0 0 0 rg BT 154.16 113.75 Td (or ) Tj ET Q q 0 0 0 rg BT 162.82 113.75 Td (L) Tj ET Q q 0 0 0 rg BT 166.97 113.75 Td (TIP) Tj ET Q q 0 0 0 rg BT 178.68 113.75 Td ( ) Tj ET Q q 0 0 0 rg BT 180.68 113.75 Td (Disposition ) Tj ET Q q 0 0 0 rg BT 219.57 113.75 Td (Event. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 91.70 Td (* * * * *) Tj ET Q endstream endobj 205 0 obj <> endobj 206 0 obj <> stream BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 516.65 742.348046875 m 561.99375 742.348046875 l s q 0 0 0 rg BT 516.65 743.60 Td (Exhibit 21.01) Tj ET Q 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 1 J 1 j 3 M 50 733.6 m 562 733.6 l s BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 712.40 Td (Our principal subsidiaries as at ) Tj ET Q BT /F1 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1 rg /GS0 gs 436.50 610.90 125.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 584.90 287.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 584.90 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 584.90 125.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 558.90 287.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 558.90 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 558.90 125.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 532.90 287.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 532.90 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 532.90 125.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 506.90 287.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 506.90 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 506.90 125.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 480.90 287.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 480.90 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 480.90 125.00 -13.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 693.13 Td (Company Name) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.55 693.13 Td (V) Tj ET Q q 0 0 0 rg BT 365.96 693.13 Td (oting Inter) Tj ET Q q 0 0 0 rg BT 402.18 693.13 Td (est) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.05 693.13 Td (Jurisdiction of Organization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 680.15 Td (CME Bulgaria B.V) Tj ET Q q 0 0 0 rg BT 113.48 680.15 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.65 680.15 Td (94%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.15 680.15 Td (Netherlands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 667.15 Td (BTV) Tj ET Q q 0 0 0 rg BT 67.93 667.15 Td ( Media Group EAD) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.65 667.15 Td (94%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.70 667.15 Td (Bulgaria) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 654.15 Td (Radiocompany C.J. OOD) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.65 654.15 Td (69.56%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.70 654.15 Td (Bulgaria) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 641.15 Td (TV) Tj ET Q q 0 0 0 rg BT 62.59 641.15 Td ( NOV) Tj ET Q q 0 0 0 rg BT 81.34 641.15 Td (A) Tj ET Q q 0 0 0 rg BT 86.38 641.15 Td ( s.r) Tj ET Q q 0 0 0 rg BT 95.71 641.15 Td (.o.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.65 641.15 Td (100%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.05 641.15 Td (Czech Republic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 628.15 Td (Pro ) Tj ET Q q 0 0 0 rg BT 65.04 628.15 Td (TV) Tj ET Q q 0 0 0 rg BT 75.56 628.15 Td ( S.R.L.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.65 628.15 Td (100%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.05 628.15 Td (Romania) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 615.15 Td (CME Slovak Holdings B.V) Tj ET Q q 0 0 0 rg BT 139.49 615.15 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.65 615.15 Td (100%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.15 615.15 Td (Netherlands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 602.15 Td (MARKZA-SLOV) Tj ET Q q 0 0 0 rg BT 112.37 602.15 Td (AKIA, spol. s r) Tj ET Q q 0 0 0 rg BT 160.74 602.15 Td (.o.) 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Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 589.40 Td (Act ) Tj ET Q q 0 0 0 rg BT 81.02 589.40 Td (Rules ) Tj ET Q q 0 0 0 rg BT 100.71 589.40 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 133.27 589.40 Td (and ) Tj ET Q q 0 0 0 rg BT 146.29 589.40 Td (15d-15\(e\)\) ) Tj ET Q q 0 0 0 rg BT 181.96 589.40 Td (and ) Tj ET Q q 0 0 0 rg BT 194.98 589.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 220.88 589.40 Td (control ) Tj ET Q q 0 0 0 rg BT 245.01 589.40 Td (over ) Tj ET Q q 0 0 0 rg BT 260.69 589.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 290.15 589.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 320.94 589.40 Td (\(as ) Tj ET Q q 0 0 0 rg BT 331.73 589.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 357.19 589.40 Td (in ) Tj ET Q q 0 0 0 rg BT 364.88 589.40 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 397.56 589.40 Td (Act ) Tj ET Q q 0 0 0 rg BT 410.58 589.40 Td (Rules ) Tj ET Q q 0 0 0 rg BT 430.27 589.40 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 461.95 589.40 Td (and ) Tj ET Q q 0 0 0 rg BT 474.97 589.40 Td (15d-15\(f\)\) ) Tj ET Q q 0 0 0 rg BT 509.75 589.40 Td (for ) Tj ET Q q 0 0 0 rg BT 520.55 589.40 Td (the ) Tj ET Q q 0 0 0 rg BT 531.79 589.40 Td (registrant ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 579.80 Td (and ) Tj ET Q q 0 0 0 rg BT 81.55 579.80 Td (have:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 561.20 Td (\(a\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 561.20 Td (Designed ) Tj ET Q q 0 0 0 rg BT 118.18 561.20 Td (such ) Tj ET Q q 0 0 0 rg BT 134.80 561.20 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 169.20 561.20 Td (controls ) Tj ET Q q 0 0 0 rg BT 196.94 561.20 Td (and ) Tj ET Q q 0 0 0 rg BT 210.45 561.20 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 249.51 561.20 Td (or ) Tj ET Q q 0 0 0 rg BT 258.13 561.20 Td (caused ) Tj ET Q q 0 0 0 rg BT 281.86 561.20 Td (such ) Tj ET Q q 0 0 0 rg BT 298.49 561.20 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 332.88 561.20 Td (controls ) Tj ET Q q 0 0 0 rg BT 360.62 561.20 Td (and ) Tj ET Q q 0 0 0 rg BT 374.13 561.20 Td (procedures ) Tj ET Q q 0 0 0 rg BT 411.19 561.20 Td (to ) Tj ET Q q 0 0 0 rg BT 419.37 561.20 Td (be ) Tj ET Q q 0 0 0 rg BT 428.89 561.20 Td (designed ) Tj ET Q q 0 0 0 rg BT 459.29 561.20 Td (under ) Tj ET Q q 0 0 0 rg BT 479.46 561.20 Td (our ) Tj ET Q q 0 0 0 rg BT 492.09 561.20 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 532.94 561.20 Td (to ) Tj ET Q q 0 0 0 rg BT 541.12 561.20 Td (ensure ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 551.60 Td (that ) Tj ET Q q 0 0 0 rg BT 99.18 551.60 Td (material ) Tj ET Q q 0 0 0 rg BT 126.56 551.60 Td (information ) Tj ET Q q 0 0 0 rg BT 165.51 551.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 191.13 551.60 Td (to ) Tj ET Q q 0 0 0 rg BT 198.53 551.60 Td (the ) Tj ET Q q 0 0 0 rg BT 209.48 551.60 Td (registrant, ) Tj ET Q q 0 0 0 rg BT 242.87 551.60 Td (including ) Tj ET Q q 0 0 0 rg BT 274.27 551.60 Td (its ) Tj ET Q q 0 0 0 rg BT 283.01 551.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 324.62 551.60 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 365.57 551.60 Td (is ) Tj ET Q q 0 0 0 rg BT 372.09 551.60 Td (made ) Tj ET Q q 0 0 0 rg BT 390.59 551.60 Td (known ) Tj ET Q q 0 0 0 rg BT 413.55 551.60 Td (to ) Tj ET Q q 0 0 0 rg BT 420.95 551.60 Td (us ) Tj ET Q q 0 0 0 rg BT 429.25 551.60 Td (by ) Tj ET Q q 0 0 0 rg BT 438.43 551.60 Td (others ) Tj ET Q q 0 0 0 rg BT 459.16 551.60 Td (within ) Tj ET Q q 0 0 0 rg BT 480.78 551.60 Td (those ) Tj ET Q q 0 0 0 rg BT 498.85 551.60 Td (entities, ) Tj ET Q q 0 0 0 rg BT 525.13 551.60 Td (particularly ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 542.00 Td (during ) Tj ET Q q 0 0 0 rg BT 108.89 542.00 Td (the ) Tj ET Q q 0 0 0 rg BT 120.66 542.00 Td (period ) Tj ET Q q 0 0 0 rg BT 143.10 542.00 Td (in ) Tj ET Q q 0 0 0 rg BT 151.32 542.00 Td (which ) Tj ET Q q 0 0 0 rg BT 172.87 542.00 Td (this ) Tj ET Q q 0 0 0 rg BT 186.43 542.00 Td (report ) Tj ET Q q 0 0 0 rg BT 207.53 542.00 Td (is ) Tj ET Q q 0 0 0 rg BT 214.87 542.00 Td (being ) Tj ET Q q 0 0 0 rg BT 234.64 542.00 Td (prepared;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 523.40 Td (\(b\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 523.40 Td (Designed ) Tj ET Q q 0 0 0 rg BT 118.16 523.40 Td (such ) Tj ET Q q 0 0 0 rg BT 134.76 523.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 161.14 523.40 Td (control ) Tj ET Q q 0 0 0 rg BT 185.74 523.40 Td (over ) Tj ET Q q 0 0 0 rg BT 201.89 523.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 231.82 523.40 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 265.09 523.40 Td (or ) Tj ET Q q 0 0 0 rg BT 273.69 523.40 Td (caused ) Tj ET Q q 0 0 0 rg BT 297.40 523.40 Td (such ) Tj ET Q q 0 0 0 rg BT 314.00 523.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 340.38 523.40 Td (control ) Tj ET Q q 0 0 0 rg BT 364.98 523.40 Td (over ) Tj ET Q q 0 0 0 rg BT 381.14 523.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 411.06 523.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 442.33 523.40 Td (to ) Tj ET Q q 0 0 0 rg BT 450.49 523.40 Td (be ) Tj ET Q q 0 0 0 rg BT 459.98 523.40 Td (designed ) Tj ET Q q 0 0 0 rg BT 490.36 523.40 Td (under ) Tj ET Q q 0 0 0 rg BT 510.52 523.40 Td (our ) Tj ET Q q 0 0 0 rg BT 523.13 523.40 Td (supervision, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 513.80 Td (to ) Tj ET Q q 0 0 0 rg BT 94.78 513.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 121.78 513.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 158.54 513.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 192.20 513.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 225.41 513.80 Td (the ) Tj ET Q q 0 0 0 rg BT 237.74 513.80 Td (reliability ) Tj ET Q q 0 0 0 rg BT 271.40 513.80 Td (of ) Tj ET Q q 0 0 0 rg BT 280.63 513.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 311.17 513.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 343.05 513.80 Td (and ) Tj ET Q q 0 0 0 rg BT 357.16 513.80 Td (the ) Tj ET Q q 0 0 0 rg BT 369.50 513.80 Td (preparation ) Tj ET Q q 0 0 0 rg BT 408.48 513.80 Td (of ) Tj ET Q q 0 0 0 rg BT 417.71 513.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 448.25 513.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 484.58 513.80 Td (for ) Tj ET Q q 0 0 0 rg BT 496.47 513.80 Td (external ) Tj ET Q q 0 0 0 rg BT 524.79 513.80 Td (purposes ) Tj ET Q q 0 0 0 rg BT 555.79 513.80 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 504.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 123.97 504.20 Td (with ) Tj ET Q q 0 0 0 rg BT 140.19 504.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 171.95 504.20 Td (accepted ) Tj ET Q q 0 0 0 rg BT 201.93 504.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 239.03 504.20 Td (principles;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 485.60 Td (\(c\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 485.60 Td (Evaluated ) Tj ET Q q 0 0 0 rg BT 120.08 485.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.96 485.60 Td (ef) Tj ET Q q 0 0 0 rg BT 138.03 485.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 175.67 485.60 Td (of ) Tj ET Q q 0 0 0 rg BT 184.43 485.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.30 485.60 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 233.17 485.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 267.71 485.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 295.58 485.60 Td (and ) Tj ET Q q 0 0 0 rg BT 309.23 485.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 346.42 485.60 Td (and ) Tj ET Q q 0 0 0 rg BT 360.07 485.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 392.82 485.60 Td (in ) Tj ET Q q 0 0 0 rg BT 401.15 485.60 Td (this ) Tj ET Q q 0 0 0 rg BT 414.80 485.60 Td (report ) Tj ET Q q 0 0 0 rg BT 436.01 485.60 Td (our ) Tj ET Q q 0 0 0 rg BT 448.77 485.60 Td (conclusions ) Tj ET Q q 0 0 0 rg BT 488.64 485.60 Td (about ) Tj ET Q q 0 0 0 rg BT 508.52 485.60 Td (the ) Tj ET Q q 0 0 0 rg BT 520.39 485.60 Td (ef) Tj ET Q q 0 0 0 rg BT 526.46 485.60 Td (fectiveness ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 94.66 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 106.44 476.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 140.88 476.00 Td (controls ) Tj ET Q q 0 0 0 rg BT 168.65 476.00 Td (and ) Tj ET Q q 0 0 0 rg BT 182.20 476.00 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 221.29 476.00 Td (as ) Tj ET Q q 0 0 0 rg BT 229.96 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 238.62 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 250.39 476.00 Td (end ) Tj ET Q q 0 0 0 rg BT 263.95 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 272.61 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.38 476.00 Td (period ) Tj ET Q q 0 0 0 rg BT 306.82 476.00 Td (covered ) Tj ET Q q 0 0 0 rg BT 334.14 476.00 Td (by ) Tj ET Q q 0 0 0 rg BT 344.14 476.00 Td (this ) Tj ET Q q 0 0 0 rg BT 357.70 476.00 Td (report ) Tj ET Q q 0 0 0 rg BT 378.80 476.00 Td (based ) Tj ET Q q 0 0 0 rg BT 399.01 476.00 Td (on ) Tj ET Q q 0 0 0 rg BT 409.01 476.00 Td (such ) Tj ET Q q 0 0 0 rg BT 425.68 476.00 Td (evaluation; ) Tj ET Q q 0 0 0 rg BT 463.22 476.00 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 457.40 Td (\(d\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 457.40 Td (Disclosed ) Tj ET Q q 0 0 0 rg BT 119.60 457.40 Td (in ) Tj ET Q q 0 0 0 rg BT 127.87 457.40 Td (this ) Tj ET Q q 0 0 0 rg BT 141.48 457.40 Td (report ) Tj ET Q q 0 0 0 rg BT 162.63 457.40 Td (any ) Tj ET Q q 0 0 0 rg BT 176.23 457.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 204.05 457.40 Td (in ) Tj ET Q q 0 0 0 rg BT 212.32 457.40 Td (the ) Tj ET Q q 0 0 0 rg BT 224.14 457.40 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 260.96 457.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 287.44 457.40 Td (control ) Tj ET Q q 0 0 0 rg BT 312.15 457.40 Td (over ) Tj ET Q q 0 0 0 rg BT 328.42 457.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 358.45 457.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 389.83 457.40 Td (that ) Tj ET Q q 0 0 0 rg BT 403.87 457.40 Td (occurred ) Tj ET Q q 0 0 0 rg BT 433.90 457.40 Td (during ) Tj ET Q q 0 0 0 rg BT 456.84 457.40 Td (the ) Tj ET Q q 0 0 0 rg BT 468.66 457.40 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 505.48 457.40 Td (most ) Tj ET Q q 0 0 0 rg BT 523.09 457.40 Td (recent ) Tj ET Q q 0 0 0 rg BT 544.67 457.40 Td (fiscal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 447.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 110.88 447.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 125.55 447.80 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 162.54 447.80 Td (fourth ) Tj ET Q q 0 0 0 rg BT 184.32 447.80 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 203.88 447.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 228.76 447.80 Td (in ) Tj ET Q q 0 0 0 rg BT 237.21 447.80 Td (the ) Tj ET Q q 0 0 0 rg BT 249.21 447.80 Td (case ) Tj ET Q q 0 0 0 rg BT 265.21 447.80 Td (of ) Tj ET Q q 0 0 0 rg BT 274.10 447.80 Td (an ) Tj ET Q q 0 0 0 rg BT 283.88 447.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 307.44 447.80 Td (report\), ) Tj ET Q q 0 0 0 rg BT 333.43 447.80 Td (that ) Tj ET Q q 0 0 0 rg BT 347.66 447.80 Td (has ) Tj ET Q q 0 0 0 rg BT 360.55 447.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 395.21 447.80 Td (af) Tj ET Q q 0 0 0 rg BT 401.28 447.80 Td (fected, ) Tj ET Q q 0 0 0 rg BT 425.05 447.80 Td (or ) Tj ET Q q 0 0 0 rg BT 433.94 447.80 Td (is ) Tj ET Q q 0 0 0 rg BT 441.51 447.80 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 478.39 447.80 Td (likely ) Tj ET Q q 0 0 0 rg BT 498.84 447.80 Td (to ) Tj ET Q q 0 0 0 rg BT 507.29 447.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 541.95 447.80 Td (af) Tj ET Q q 0 0 0 rg BT 548.02 447.80 Td (fect, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 438.20 Td (the ) Tj ET Q q 0 0 0 rg BT 97.77 438.20 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 134.54 438.20 Td (internal ) Tj ET Q q 0 0 0 rg BT 160.97 438.20 Td (control ) Tj ET Q q 0 0 0 rg BT 185.63 438.20 Td (over ) Tj ET Q q 0 0 0 rg BT 201.85 438.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 231.83 438.20 Td (reporting; ) Tj ET Q q 0 0 0 rg BT 265.38 438.20 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 419.60 Td (5. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 419.60 Td (The ) Tj ET Q q 0 0 0 rg BT 83.16 419.60 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 120.66 419.60 Td (other ) Tj ET Q q 0 0 0 rg BT 139.82 419.60 Td (certifying ) Tj ET Q q 0 0 0 rg BT 173.64 419.60 Td (of) Tj ET Q q 0 0 0 rg BT 180.16 419.60 Td (ficer\(s\) ) Tj ET Q q 0 0 0 rg BT 205.98 419.60 Td (and ) Tj ET Q q 0 0 0 rg BT 220.26 419.60 Td (I ) Tj ET Q q 0 0 0 rg BT 225.65 419.60 Td (have ) Tj ET Q q 0 0 0 rg BT 243.48 419.60 Td (disclosed, ) Tj ET Q q 0 0 0 rg BT 277.98 419.60 Td (based ) Tj ET Q q 0 0 0 rg BT 298.92 419.60 Td (on ) Tj ET Q q 0 0 0 rg BT 309.65 419.60 Td (our ) Tj ET Q q 0 0 0 rg BT 323.04 419.60 Td (most ) Tj ET Q q 0 0 0 rg BT 341.32 419.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 363.59 419.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 399.64 419.60 Td (of ) Tj ET Q q 0 0 0 rg BT 409.03 419.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 436.19 419.60 Td (control ) Tj ET Q q 0 0 0 rg BT 461.57 419.60 Td (over ) Tj ET Q q 0 0 0 rg BT 478.52 419.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 509.23 419.60 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 543.28 419.60 Td (to ) Tj ET Q q 0 0 0 rg BT 552.23 419.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 410.00 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 104.77 410.00 Td (auditors ) Tj ET Q q 0 0 0 rg BT 132.54 410.00 Td (and ) Tj ET Q q 0 0 0 rg BT 146.09 410.00 Td (the ) Tj ET Q q 0 0 0 rg BT 157.86 410.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 175.86 410.00 Td (committee ) Tj ET Q q 0 0 0 rg BT 211.63 410.00 Td (of ) Tj ET Q q 0 0 0 rg BT 220.29 410.00 Td (the ) Tj ET Q q 0 0 0 rg BT 232.06 410.00 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 268.83 410.00 Td (board ) Tj ET Q q 0 0 0 rg BT 289.04 410.00 Td (of ) Tj ET Q q 0 0 0 rg BT 297.71 410.00 Td (directors ) Tj ET Q q 0 0 0 rg BT 327.70 410.00 Td (\(or ) Tj ET Q q 0 0 0 rg BT 339.02 410.00 Td (persons ) Tj ET Q q 0 0 0 rg BT 365.46 410.00 Td (performing ) Tj ET Q q 0 0 0 rg BT 403.45 410.00 Td (the ) Tj ET Q q 0 0 0 rg BT 415.23 410.00 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 450.55 410.00 Td (functions\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 391.40 Td (\(a\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 391.40 Td (All ) Tj ET Q q 0 0 0 rg BT 98.10 391.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 133.74 391.40 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 173.82 391.40 Td (and ) Tj ET Q q 0 0 0 rg BT 187.24 391.40 Td (material ) Tj ET Q q 0 0 0 rg BT 215.32 391.40 Td (weaknesses ) Tj ET Q q 0 0 0 rg BT 254.52 391.40 Td (in ) Tj ET Q q 0 0 0 rg BT 262.62 391.40 Td (the ) Tj ET Q q 0 0 0 rg BT 274.27 391.40 Td (design ) Tj ET Q q 0 0 0 rg BT 297.03 391.40 Td (or ) Tj ET Q q 0 0 0 rg BT 305.57 391.40 Td (operation ) Tj ET Q q 0 0 0 rg BT 337.65 391.40 Td (of ) Tj ET Q q 0 0 0 rg BT 346.19 391.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 372.50 391.40 Td (control ) Tj ET Q q 0 0 0 rg BT 397.04 391.40 Td (over ) Tj ET Q q 0 0 0 rg BT 413.13 391.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 442.98 391.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 474.18 391.40 Td (which ) Tj ET Q q 0 0 0 rg BT 495.61 391.40 Td (are ) Tj ET Q q 0 0 0 rg BT 507.25 391.40 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 543.78 391.40 Td (likely ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 381.80 Td (to ) Tj ET Q q 0 0 0 rg BT 94.22 381.80 Td (adversely ) Tj ET Q q 0 0 0 rg BT 126.88 381.80 Td (af) Tj ET Q q 0 0 0 rg BT 132.95 381.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 146.93 381.80 Td (the ) Tj ET Q q 0 0 0 rg BT 158.71 381.80 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 195.47 381.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 217.91 381.80 Td (to ) Tj ET Q q 0 0 0 rg BT 226.14 381.80 Td (record, ) Tj ET Q q 0 0 0 rg BT 250.57 381.80 Td (process, ) Tj ET Q q 0 0 0 rg BT 278.56 381.80 Td (summarize ) Tj ET Q q 0 0 0 rg BT 315.66 381.80 Td (and ) Tj ET Q q 0 0 0 rg BT 329.21 381.80 Td (report ) Tj ET Q q 0 0 0 rg BT 350.31 381.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 380.29 381.80 Td (information; ) Tj ET Q q 0 0 0 rg BT 422.29 381.80 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 363.20 Td (\(b\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 363.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 101.80 363.20 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 122.70 363.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 150.49 363.20 Td (or ) Tj ET Q q 0 0 0 rg BT 159.18 363.20 Td (not ) Tj ET Q q 0 0 0 rg BT 171.42 363.20 Td (material, ) Tj ET Q q 0 0 0 rg BT 201.65 363.20 Td (that ) Tj ET Q q 0 0 0 rg BT 215.67 363.20 Td (involves ) Tj ET Q q 0 0 0 rg BT 244.80 363.20 Td (management ) Tj ET Q q 0 0 0 rg BT 287.69 363.20 Td (or ) Tj ET Q q 0 0 0 rg BT 296.38 363.20 Td (other ) Tj ET Q q 0 0 0 rg BT 314.84 363.20 Td (employees ) Tj ET Q q 0 0 0 rg BT 351.07 363.20 Td (who ) Tj ET Q q 0 0 0 rg BT 366.87 363.20 Td (have ) Tj ET Q q 0 0 0 rg BT 384.00 363.20 Td (a ) Tj ET Q q 0 0 0 rg BT 389.57 363.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 425.36 363.20 Td (role ) Tj ET Q q 0 0 0 rg BT 439.82 363.20 Td (in ) Tj ET Q q 0 0 0 rg BT 448.07 363.20 Td (the ) Tj ET Q q 0 0 0 rg BT 459.86 363.20 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 496.65 363.20 Td (internal ) Tj ET Q q 0 0 0 rg BT 523.11 363.20 Td (control ) Tj ET Q q 0 0 0 rg BT 547.79 363.20 Td (over ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 353.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.98 353.60 Td (reporting.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 335.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 314.75 Td () Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 102 313.68671875 m 165.3203125 313.68671875 l s q 0 0 0 rg BT 102.00 314.75 Td (/s/ Michael Del Nin) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 300.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 300.75 Td (Michael Del Nin) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 286.75 Td (co-Chief Executive Of) Tj ET Q q 0 0 0 rg BT 174.34 286.75 Td (ficer) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 272.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 272.75 Td (\(co-Principal Executive Of) Tj ET Q q 0 0 0 rg BT 188.12 272.75 Td (ficer\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 258.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.00 258.75 Td (February 6, 2019) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 235.80 Td () Tj ET Q endstream endobj 215 0 obj <> endobj 216 0 obj <> stream BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 516.65 742.348046875 m 561.99375 742.348046875 l s q 0 0 0 rg BT 516.65 743.60 Td (Exhibit 31.02) Tj ET Q 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 1 J 1 j 3 M 50 733.6 m 562 733.6 l s BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 722.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 193.50 712.40 Td (CER) Tj ET Q q 0 0 0 rg BT 210.11 712.40 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 237.52 712.40 Td (TION OF) Tj ET Q q 0 0 0 rg BT 270.78 712.40 Td ( CO-PRINCIP) Tj ET Q q 0 0 0 rg BT 320.18 712.40 Td (AL) Tj ET Q q 0 0 0 rg BT 330.86 712.40 Td ( EXECUTIVE OFFICER) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 702.80 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 693.20 Td (I, ) Tj ET Q q 0 0 0 rg BT 56.66 693.20 Td (Christoph ) Tj ET Q q 0 0 0 rg BT 90.22 693.20 Td (Mainusch, ) Tj ET Q q 0 0 0 rg BT 125.77 693.20 Td (certify ) Tj ET Q q 0 0 0 rg BT 148.65 693.20 Td (that:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 683.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 674.00 Td (1. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 674.00 Td (I ) Tj ET Q q 0 0 0 rg BT 72.66 674.00 Td (have ) Tj ET Q q 0 0 0 rg BT 89.77 674.00 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 121.08 674.00 Td (this ) Tj ET Q q 0 0 0 rg BT 134.64 674.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 157.96 674.00 Td (report ) Tj ET Q q 0 0 0 rg BT 179.07 674.00 Td (on ) Tj ET Q q 0 0 0 rg BT 189.07 674.00 Td (Form ) Tj ET Q q 0 0 0 rg BT 208.40 674.00 Td (10-K ) Tj ET Q q 0 0 0 rg BT 226.84 674.00 Td (of ) Tj ET Q q 0 0 0 rg BT 235.51 674.00 Td (Central ) Tj ET Q q 0 0 0 rg BT 261.05 674.00 Td (European ) Tj ET Q q 0 0 0 rg BT 293.71 674.00 Td (Media ) Tj ET Q q 0 0 0 rg BT 316.14 674.00 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 354.13 674.00 Td (Ltd.;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 655.40 Td (2. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 655.40 Td (Based ) Tj ET Q q 0 0 0 rg BT 89.29 655.40 Td (on ) Tj ET Q q 0 0 0 rg BT 99.02 655.40 Td (my ) Tj ET Q q 0 0 0 rg BT 110.98 655.40 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 149.81 655.40 Td (this ) Tj ET Q q 0 0 0 rg BT 163.11 655.40 Td (report ) Tj ET Q q 0 0 0 rg BT 183.94 655.40 Td (does ) Tj ET Q q 0 0 0 rg BT 200.34 655.40 Td (not ) Tj ET Q q 0 0 0 rg BT 212.30 655.40 Td (contain ) Tj ET Q q 0 0 0 rg BT 237.58 655.40 Td (any ) Tj ET Q q 0 0 0 rg BT 250.86 655.40 Td (untrue ) Tj ET Q q 0 0 0 rg BT 273.04 655.40 Td (statement ) Tj ET Q q 0 0 0 rg BT 305.43 655.40 Td (of ) Tj ET Q q 0 0 0 rg BT 313.82 655.40 Td (a ) Tj ET Q q 0 0 0 rg BT 319.11 655.40 Td (material ) Tj ET Q q 0 0 0 rg BT 347.05 655.40 Td (fact ) Tj ET Q q 0 0 0 rg BT 360.77 655.40 Td (or ) Tj ET Q q 0 0 0 rg BT 369.17 655.40 Td (omit ) Tj ET Q q 0 0 0 rg BT 385.57 655.40 Td (to ) Tj ET Q q 0 0 0 rg BT 393.53 655.40 Td (state ) Tj ET Q q 0 0 0 rg BT 409.93 655.40 Td (a ) Tj ET Q q 0 0 0 rg BT 415.21 655.40 Td (material ) Tj ET Q q 0 0 0 rg BT 443.15 655.40 Td (fact 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rg BT 380.58 645.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 405.23 645.80 Td (to ) Tj ET Q q 0 0 0 rg BT 413.46 645.80 Td (the ) Tj ET Q q 0 0 0 rg BT 425.23 645.80 Td (period ) Tj ET Q q 0 0 0 rg BT 447.67 645.80 Td (covered ) Tj ET Q q 0 0 0 rg BT 474.98 645.80 Td (by ) Tj ET Q q 0 0 0 rg BT 484.98 645.80 Td (this ) Tj ET Q q 0 0 0 rg BT 498.54 645.80 Td (report;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 627.20 Td (3. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 627.20 Td (Based ) Tj ET Q q 0 0 0 rg BT 89.42 627.20 Td (on ) Tj ET Q q 0 0 0 rg BT 99.28 627.20 Td (my ) Tj ET Q q 0 0 0 rg BT 111.37 627.20 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 150.34 627.20 Td (the ) Tj ET Q q 0 0 0 rg BT 161.98 627.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 191.83 627.20 Td (statements, ) Tj ET Q q 0 0 0 rg BT 229.47 627.20 Td (and ) Tj ET Q q 0 0 0 rg BT 242.88 627.20 Td (other ) Tj ET Q q 0 0 0 rg BT 261.19 627.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 291.04 627.20 Td (information ) Tj ET Q q 0 0 0 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617.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.07 617.60 Td (registrant ) Tj ET Q q 0 0 0 rg BT 271.29 617.60 Td (as ) Tj ET Q q 0 0 0 rg BT 279.95 617.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 290.61 617.60 Td (and ) Tj ET Q q 0 0 0 rg BT 304.16 617.60 Td (for) Tj ET Q q 0 0 0 rg BT 313.17 617.60 Td (, ) Tj ET Q q 0 0 0 rg BT 317.17 617.60 Td (the ) Tj ET Q q 0 0 0 rg BT 328.95 617.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 354.50 617.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 387.15 617.60 Td (in ) Tj ET Q q 0 0 0 rg BT 395.37 617.60 Td (this ) Tj ET Q q 0 0 0 rg BT 408.93 617.60 Td (report;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 599.00 Td (4. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 599.00 Td (The ) Tj ET Q q 0 0 0 rg BT 82.24 599.00 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 118.80 599.00 Td (other ) Tj ET Q q 0 0 0 rg BT 137.04 599.00 Td (certifying ) Tj ET Q q 0 0 0 rg BT 169.94 599.00 Td (of) Tj ET Q q 0 0 0 rg BT 176.46 599.00 Td (ficer\(s\) ) Tj ET Q q 0 0 0 rg BT 201.35 599.00 Td (and ) Tj ET Q q 0 0 0 rg BT 214.70 599.00 Td (I ) Tj ET Q q 0 0 0 rg BT 219.17 599.00 Td (are ) Tj ET Q q 0 0 0 rg BT 230.73 599.00 Td (responsible ) Tj ET Q q 0 0 0 rg BT 268.97 599.00 Td (for ) Tj ET Q q 0 0 0 rg BT 280.10 599.00 Td (establishing ) Tj ET Q q 0 0 0 rg BT 320.11 599.00 Td (and ) Tj ET Q q 0 0 0 rg BT 333.46 599.00 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 373.48 599.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 407.72 599.00 Td (controls ) Tj ET Q q 0 0 0 rg BT 435.29 599.00 Td (and ) Tj ET Q q 0 0 0 rg BT 448.64 599.00 Td (procedures ) Tj ET Q q 0 0 0 rg BT 485.53 599.00 Td (\(as ) Tj ET Q q 0 0 0 rg BT 496.66 599.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 522.45 599.00 Td (in ) Tj ET Q q 0 0 0 rg BT 530.47 599.00 Td (Exchange ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 589.40 Td (Act ) Tj ET Q q 0 0 0 rg BT 81.02 589.40 Td (Rules ) Tj ET Q q 0 0 0 rg BT 100.71 589.40 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 133.27 589.40 Td (and ) Tj ET Q q 0 0 0 rg BT 146.29 589.40 Td (15d-15\(e\)\) ) Tj ET Q q 0 0 0 rg BT 181.96 589.40 Td (and ) Tj ET Q q 0 0 0 rg BT 194.98 589.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 220.88 589.40 Td (control ) Tj ET Q q 0 0 0 rg BT 245.01 589.40 Td (over ) Tj ET Q q 0 0 0 rg BT 260.69 589.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 290.15 589.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 320.94 589.40 Td (\(as ) Tj ET Q q 0 0 0 rg BT 331.73 589.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 357.19 589.40 Td (in ) Tj ET Q q 0 0 0 rg BT 364.88 589.40 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 397.56 589.40 Td (Act ) Tj ET Q q 0 0 0 rg BT 410.58 589.40 Td (Rules ) Tj ET Q q 0 0 0 rg BT 430.27 589.40 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 461.95 589.40 Td (and ) Tj ET Q q 0 0 0 rg BT 474.97 589.40 Td (15d-15\(f\)\) ) Tj ET Q q 0 0 0 rg BT 509.75 589.40 Td (for ) Tj ET Q q 0 0 0 rg BT 520.55 589.40 Td (the ) Tj ET Q q 0 0 0 rg BT 531.79 589.40 Td (registrant ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 579.80 Td (and ) Tj ET Q q 0 0 0 rg BT 81.55 579.80 Td (have:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 561.20 Td (\(a\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 561.20 Td (Designed ) Tj ET Q q 0 0 0 rg BT 118.18 561.20 Td (such ) Tj ET Q q 0 0 0 rg BT 134.80 561.20 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 169.20 561.20 Td (controls ) Tj ET Q q 0 0 0 rg BT 196.94 561.20 Td (and ) Tj ET Q q 0 0 0 rg BT 210.45 561.20 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 249.51 561.20 Td (or ) Tj ET Q q 0 0 0 rg BT 258.13 561.20 Td (caused ) Tj ET Q q 0 0 0 rg BT 281.86 561.20 Td (such ) Tj ET Q q 0 0 0 rg BT 298.49 561.20 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 332.88 561.20 Td (controls ) Tj ET Q q 0 0 0 rg BT 360.62 561.20 Td (and ) Tj ET Q q 0 0 0 rg BT 374.13 561.20 Td (procedures ) Tj ET Q q 0 0 0 rg BT 411.19 561.20 Td (to ) Tj ET Q q 0 0 0 rg BT 419.37 561.20 Td (be ) Tj ET Q q 0 0 0 rg BT 428.89 561.20 Td (designed ) Tj ET Q q 0 0 0 rg BT 459.29 561.20 Td (under ) Tj ET Q q 0 0 0 rg BT 479.46 561.20 Td (our ) Tj ET Q q 0 0 0 rg BT 492.09 561.20 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 532.94 561.20 Td (to ) Tj ET Q q 0 0 0 rg BT 541.12 561.20 Td (ensure ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 551.60 Td (that ) Tj ET Q q 0 0 0 rg BT 99.18 551.60 Td (material ) Tj ET Q q 0 0 0 rg BT 126.56 551.60 Td (information ) Tj ET Q q 0 0 0 rg BT 165.51 551.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 191.13 551.60 Td (to ) Tj ET Q q 0 0 0 rg BT 198.53 551.60 Td (the ) Tj ET Q q 0 0 0 rg BT 209.48 551.60 Td (registrant, ) Tj ET Q q 0 0 0 rg BT 242.87 551.60 Td (including ) Tj ET Q q 0 0 0 rg BT 274.27 551.60 Td (its ) Tj ET Q q 0 0 0 rg BT 283.01 551.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 324.62 551.60 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 365.57 551.60 Td (is ) Tj ET Q q 0 0 0 rg BT 372.09 551.60 Td (made ) Tj ET Q q 0 0 0 rg BT 390.59 551.60 Td (known ) Tj ET Q q 0 0 0 rg BT 413.55 551.60 Td (to ) Tj ET Q q 0 0 0 rg BT 420.95 551.60 Td (us ) Tj ET Q q 0 0 0 rg BT 429.25 551.60 Td (by ) Tj ET Q q 0 0 0 rg BT 438.43 551.60 Td (others ) Tj ET Q q 0 0 0 rg BT 459.16 551.60 Td (within ) Tj ET Q q 0 0 0 rg BT 480.78 551.60 Td (those ) Tj ET Q q 0 0 0 rg BT 498.85 551.60 Td (entities, ) Tj ET Q q 0 0 0 rg BT 525.13 551.60 Td (particularly ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 542.00 Td (during ) Tj ET Q q 0 0 0 rg BT 108.89 542.00 Td (the ) Tj ET Q q 0 0 0 rg BT 120.66 542.00 Td (period ) Tj ET Q q 0 0 0 rg BT 143.10 542.00 Td (in ) Tj ET Q q 0 0 0 rg BT 151.32 542.00 Td (which ) Tj ET Q q 0 0 0 rg BT 172.87 542.00 Td (this ) Tj ET Q q 0 0 0 rg BT 186.43 542.00 Td (report ) Tj ET Q q 0 0 0 rg BT 207.53 542.00 Td (is ) Tj ET Q q 0 0 0 rg BT 214.87 542.00 Td (being ) Tj ET Q q 0 0 0 rg BT 234.64 542.00 Td (prepared;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 523.40 Td (\(b\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 523.40 Td (Designed ) Tj ET Q q 0 0 0 rg BT 118.16 523.40 Td (such ) Tj ET Q q 0 0 0 rg BT 134.76 523.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 161.14 523.40 Td (control ) Tj ET Q q 0 0 0 rg BT 185.74 523.40 Td (over ) Tj ET Q q 0 0 0 rg BT 201.89 523.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 231.82 523.40 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 265.09 523.40 Td (or ) Tj ET Q q 0 0 0 rg BT 273.69 523.40 Td (caused ) Tj ET Q q 0 0 0 rg BT 297.40 523.40 Td (such ) Tj ET Q q 0 0 0 rg BT 314.00 523.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 340.38 523.40 Td (control ) Tj ET Q q 0 0 0 rg BT 364.98 523.40 Td (over ) Tj ET Q q 0 0 0 rg BT 381.14 523.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 411.06 523.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 442.33 523.40 Td (to ) Tj ET Q q 0 0 0 rg BT 450.49 523.40 Td (be ) Tj ET Q q 0 0 0 rg BT 459.98 523.40 Td (designed ) Tj ET Q q 0 0 0 rg BT 490.36 523.40 Td (under ) Tj ET Q q 0 0 0 rg BT 510.52 523.40 Td (our ) Tj ET Q q 0 0 0 rg BT 523.13 523.40 Td (supervision, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 513.80 Td (to ) Tj ET Q q 0 0 0 rg BT 94.78 513.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 121.78 513.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 158.54 513.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 192.20 513.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 225.41 513.80 Td (the ) Tj ET Q q 0 0 0 rg BT 237.74 513.80 Td (reliability ) Tj ET Q q 0 0 0 rg BT 271.40 513.80 Td (of ) Tj ET Q q 0 0 0 rg BT 280.63 513.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 311.17 513.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 343.05 513.80 Td (and ) Tj ET Q q 0 0 0 rg BT 357.16 513.80 Td (the ) Tj ET Q q 0 0 0 rg BT 369.50 513.80 Td (preparation ) Tj ET Q q 0 0 0 rg BT 408.48 513.80 Td (of ) Tj ET Q q 0 0 0 rg BT 417.71 513.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 448.25 513.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 484.58 513.80 Td (for ) Tj ET Q q 0 0 0 rg BT 496.47 513.80 Td (external ) Tj ET Q q 0 0 0 rg BT 524.79 513.80 Td (purposes ) Tj ET Q q 0 0 0 rg BT 555.79 513.80 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 504.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 123.97 504.20 Td (with ) Tj ET Q q 0 0 0 rg BT 140.19 504.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 171.95 504.20 Td (accepted ) Tj ET Q q 0 0 0 rg BT 201.93 504.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 239.03 504.20 Td (principles;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 485.60 Td (\(c\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 485.60 Td (Evaluated ) Tj ET Q q 0 0 0 rg BT 120.08 485.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.96 485.60 Td (ef) Tj ET Q q 0 0 0 rg BT 138.03 485.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 175.67 485.60 Td (of ) Tj ET Q q 0 0 0 rg BT 184.43 485.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.30 485.60 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 233.17 485.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 267.71 485.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 295.58 485.60 Td (and ) Tj ET Q q 0 0 0 rg BT 309.23 485.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 346.42 485.60 Td (and ) Tj ET Q q 0 0 0 rg BT 360.07 485.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 392.82 485.60 Td (in ) Tj ET Q q 0 0 0 rg BT 401.15 485.60 Td (this ) Tj ET Q q 0 0 0 rg BT 414.80 485.60 Td (report ) Tj ET Q q 0 0 0 rg BT 436.01 485.60 Td (our ) Tj ET Q q 0 0 0 rg BT 448.77 485.60 Td (conclusions ) Tj ET Q q 0 0 0 rg BT 488.64 485.60 Td (about ) Tj ET Q q 0 0 0 rg BT 508.52 485.60 Td (the ) Tj ET Q q 0 0 0 rg BT 520.39 485.60 Td (ef) Tj ET Q q 0 0 0 rg BT 526.46 485.60 Td (fectiveness ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 94.66 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 106.44 476.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 140.88 476.00 Td (controls ) Tj ET Q q 0 0 0 rg BT 168.65 476.00 Td (and ) Tj ET Q q 0 0 0 rg BT 182.20 476.00 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 221.29 476.00 Td (as ) Tj ET Q q 0 0 0 rg BT 229.96 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 238.62 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 250.39 476.00 Td (end ) Tj ET Q q 0 0 0 rg BT 263.95 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 272.61 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.38 476.00 Td (period ) Tj ET Q q 0 0 0 rg BT 306.82 476.00 Td (covered ) Tj ET Q q 0 0 0 rg BT 334.14 476.00 Td (by ) Tj ET Q q 0 0 0 rg BT 344.14 476.00 Td (this ) Tj ET Q q 0 0 0 rg BT 357.70 476.00 Td (report ) Tj ET Q q 0 0 0 rg BT 378.80 476.00 Td (based ) Tj ET Q q 0 0 0 rg BT 399.01 476.00 Td (on ) Tj ET Q q 0 0 0 rg BT 409.01 476.00 Td (such ) Tj ET Q q 0 0 0 rg BT 425.68 476.00 Td (evaluation; ) Tj ET Q q 0 0 0 rg BT 463.22 476.00 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 457.40 Td (\(d\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 457.40 Td (Disclosed ) Tj ET Q q 0 0 0 rg BT 119.60 457.40 Td (in ) Tj ET Q q 0 0 0 rg BT 127.87 457.40 Td (this ) Tj ET Q q 0 0 0 rg BT 141.48 457.40 Td (report ) Tj ET Q q 0 0 0 rg BT 162.63 457.40 Td (any ) Tj ET Q q 0 0 0 rg BT 176.23 457.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 204.05 457.40 Td (in ) Tj ET Q q 0 0 0 rg BT 212.32 457.40 Td (the ) Tj ET Q q 0 0 0 rg BT 224.14 457.40 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 260.96 457.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 287.44 457.40 Td (control ) Tj ET Q q 0 0 0 rg BT 312.15 457.40 Td (over ) Tj ET Q q 0 0 0 rg BT 328.42 457.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 358.45 457.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 389.83 457.40 Td (that ) Tj ET Q q 0 0 0 rg BT 403.87 457.40 Td (occurred ) Tj ET Q q 0 0 0 rg BT 433.90 457.40 Td (during ) Tj ET Q q 0 0 0 rg BT 456.84 457.40 Td (the ) Tj ET Q q 0 0 0 rg BT 468.66 457.40 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 505.48 457.40 Td (most ) Tj ET Q q 0 0 0 rg BT 523.09 457.40 Td (recent ) Tj ET Q q 0 0 0 rg BT 544.67 457.40 Td (fiscal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 447.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 110.88 447.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 125.55 447.80 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 162.54 447.80 Td (fourth ) Tj ET Q q 0 0 0 rg BT 184.32 447.80 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 203.88 447.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 228.76 447.80 Td (in ) Tj ET Q q 0 0 0 rg BT 237.21 447.80 Td (the ) Tj ET Q q 0 0 0 rg BT 249.21 447.80 Td (case ) Tj ET Q q 0 0 0 rg BT 265.21 447.80 Td (of ) Tj ET Q q 0 0 0 rg BT 274.10 447.80 Td (an ) Tj ET Q q 0 0 0 rg BT 283.88 447.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 307.44 447.80 Td (report\), ) Tj ET Q q 0 0 0 rg BT 333.43 447.80 Td (that ) Tj ET Q q 0 0 0 rg BT 347.66 447.80 Td (has ) Tj ET Q q 0 0 0 rg BT 360.55 447.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 395.21 447.80 Td (af) Tj ET Q q 0 0 0 rg BT 401.28 447.80 Td (fected, ) Tj ET Q q 0 0 0 rg BT 425.05 447.80 Td (or ) Tj ET Q q 0 0 0 rg BT 433.94 447.80 Td (is ) Tj ET Q q 0 0 0 rg BT 441.51 447.80 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 478.39 447.80 Td (likely ) Tj ET Q q 0 0 0 rg BT 498.84 447.80 Td (to ) Tj ET Q q 0 0 0 rg BT 507.29 447.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 541.95 447.80 Td (af) Tj ET Q q 0 0 0 rg BT 548.02 447.80 Td (fect, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 438.20 Td (the ) Tj ET Q q 0 0 0 rg BT 97.77 438.20 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 134.54 438.20 Td (internal ) Tj ET Q q 0 0 0 rg BT 160.97 438.20 Td (control ) Tj ET Q q 0 0 0 rg BT 185.63 438.20 Td (over ) Tj ET Q q 0 0 0 rg BT 201.85 438.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 231.83 438.20 Td (reporting; ) Tj ET Q q 0 0 0 rg BT 265.38 438.20 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 419.60 Td (5. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 419.60 Td (The ) Tj ET Q q 0 0 0 rg BT 83.16 419.60 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 120.66 419.60 Td (other ) Tj ET Q q 0 0 0 rg BT 139.82 419.60 Td (certifying ) Tj ET Q q 0 0 0 rg BT 173.64 419.60 Td (of) Tj ET Q q 0 0 0 rg BT 180.16 419.60 Td (ficer\(s\) ) Tj ET Q q 0 0 0 rg BT 205.98 419.60 Td (and ) Tj ET Q q 0 0 0 rg BT 220.26 419.60 Td (I ) Tj ET Q q 0 0 0 rg BT 225.65 419.60 Td (have ) Tj ET Q q 0 0 0 rg BT 243.48 419.60 Td (disclosed, ) Tj ET Q q 0 0 0 rg BT 277.98 419.60 Td (based ) Tj ET Q q 0 0 0 rg BT 298.92 419.60 Td (on ) Tj ET Q q 0 0 0 rg BT 309.65 419.60 Td (our ) Tj ET Q q 0 0 0 rg BT 323.04 419.60 Td (most ) Tj ET Q q 0 0 0 rg BT 341.32 419.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 363.59 419.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 399.64 419.60 Td (of ) Tj ET Q q 0 0 0 rg BT 409.03 419.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 436.19 419.60 Td (control ) Tj ET Q q 0 0 0 rg BT 461.57 419.60 Td (over ) Tj ET Q q 0 0 0 rg BT 478.52 419.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 509.23 419.60 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 543.28 419.60 Td (to ) Tj ET Q q 0 0 0 rg BT 552.23 419.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 410.00 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 104.77 410.00 Td (auditors ) Tj ET Q q 0 0 0 rg BT 132.54 410.00 Td (and ) Tj ET Q q 0 0 0 rg BT 146.09 410.00 Td (the ) Tj ET Q q 0 0 0 rg BT 157.86 410.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 175.86 410.00 Td (committee ) Tj ET Q q 0 0 0 rg BT 211.63 410.00 Td (of ) Tj ET Q q 0 0 0 rg BT 220.29 410.00 Td (the ) Tj ET Q q 0 0 0 rg BT 232.06 410.00 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 268.83 410.00 Td (board ) Tj ET Q q 0 0 0 rg BT 289.04 410.00 Td (of ) Tj ET Q q 0 0 0 rg BT 297.71 410.00 Td (directors ) Tj ET Q q 0 0 0 rg BT 327.70 410.00 Td (\(or ) Tj ET Q q 0 0 0 rg BT 339.02 410.00 Td (persons ) Tj ET Q q 0 0 0 rg BT 365.46 410.00 Td (performing ) Tj ET Q q 0 0 0 rg BT 403.45 410.00 Td (the ) Tj ET Q q 0 0 0 rg BT 415.23 410.00 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 450.55 410.00 Td (functions\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 391.40 Td (\(a\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 391.40 Td (All ) Tj ET Q q 0 0 0 rg BT 98.10 391.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 133.74 391.40 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 173.82 391.40 Td (and ) Tj ET Q q 0 0 0 rg BT 187.24 391.40 Td (material ) Tj ET Q q 0 0 0 rg BT 215.32 391.40 Td (weaknesses ) Tj ET Q q 0 0 0 rg BT 254.52 391.40 Td (in ) Tj ET Q q 0 0 0 rg BT 262.62 391.40 Td (the ) Tj ET Q q 0 0 0 rg BT 274.27 391.40 Td (design ) Tj ET Q q 0 0 0 rg BT 297.03 391.40 Td (or ) Tj ET Q q 0 0 0 rg BT 305.57 391.40 Td (operation ) Tj ET Q q 0 0 0 rg BT 337.65 391.40 Td (of ) Tj ET Q q 0 0 0 rg BT 346.19 391.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 372.50 391.40 Td (control ) Tj ET Q q 0 0 0 rg BT 397.04 391.40 Td (over ) Tj ET Q q 0 0 0 rg BT 413.13 391.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 442.98 391.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 474.18 391.40 Td (which ) Tj ET Q q 0 0 0 rg BT 495.61 391.40 Td (are ) Tj ET Q q 0 0 0 rg BT 507.25 391.40 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 543.78 391.40 Td (likely ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 381.80 Td (to ) Tj ET Q q 0 0 0 rg BT 94.22 381.80 Td (adversely ) Tj ET Q q 0 0 0 rg BT 126.88 381.80 Td (af) Tj ET Q q 0 0 0 rg BT 132.95 381.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 146.93 381.80 Td (the ) Tj ET Q q 0 0 0 rg BT 158.71 381.80 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 195.47 381.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 217.91 381.80 Td (to ) Tj ET Q q 0 0 0 rg BT 226.14 381.80 Td (record, ) Tj ET Q q 0 0 0 rg BT 250.57 381.80 Td (process, ) Tj ET Q q 0 0 0 rg BT 278.56 381.80 Td (summarize ) Tj ET Q q 0 0 0 rg BT 315.66 381.80 Td (and ) Tj ET Q q 0 0 0 rg BT 329.21 381.80 Td (report ) Tj ET Q q 0 0 0 rg BT 350.31 381.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 380.29 381.80 Td (information; ) Tj ET Q q 0 0 0 rg BT 422.29 381.80 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 363.20 Td (\(b\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 363.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 101.80 363.20 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 122.70 363.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 150.49 363.20 Td (or ) Tj ET Q q 0 0 0 rg BT 159.18 363.20 Td (not ) Tj ET Q q 0 0 0 rg BT 171.42 363.20 Td (material, ) Tj ET Q q 0 0 0 rg BT 201.65 363.20 Td (that ) Tj ET Q q 0 0 0 rg BT 215.67 363.20 Td (involves ) Tj ET Q q 0 0 0 rg BT 244.80 363.20 Td (management ) Tj ET Q q 0 0 0 rg BT 287.69 363.20 Td (or ) Tj ET Q q 0 0 0 rg BT 296.38 363.20 Td (other ) Tj ET Q q 0 0 0 rg BT 314.84 363.20 Td (employees ) Tj ET Q q 0 0 0 rg BT 351.07 363.20 Td (who ) Tj ET Q q 0 0 0 rg BT 366.87 363.20 Td (have ) Tj ET Q q 0 0 0 rg BT 384.00 363.20 Td (a ) Tj ET Q q 0 0 0 rg BT 389.57 363.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 425.36 363.20 Td (role ) Tj ET Q q 0 0 0 rg BT 439.82 363.20 Td (in ) Tj ET Q q 0 0 0 rg BT 448.07 363.20 Td (the ) Tj ET Q q 0 0 0 rg BT 459.86 363.20 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 496.65 363.20 Td (internal ) Tj ET Q q 0 0 0 rg BT 523.11 363.20 Td (control ) Tj ET Q q 0 0 0 rg BT 547.79 363.20 Td (over ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 353.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.98 353.60 Td (reporting.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 335.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 314.75 Td () Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 103 313.68671875 m 177.66796875 313.68671875 l s q 0 0 0 rg BT 103.00 314.75 Td (/s/ Christoph Mainusch) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 300.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.00 300.75 Td (Christoph Mainusch) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.00 286.75 Td (co-Chief Executive Of) Tj ET Q q 0 0 0 rg BT 175.34 286.75 Td (ficer) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 272.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.00 272.75 Td (\(co-Principal Executive Of) Tj ET Q q 0 0 0 rg BT 189.12 272.75 Td (ficer\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 258.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.00 258.75 Td (February 6, 2019) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 235.80 Td () Tj ET Q endstream endobj 217 0 obj <> endobj 218 0 obj <> stream BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 516.65 742.348046875 m 561.99375 742.348046875 l s q 0 0 0 rg BT 516.65 743.60 Td (Exhibit 31.03) Tj ET Q 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 1 J 1 j 3 M 50 733.6 m 562 733.6 l s BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 722.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.20 712.40 Td (CER) Tj ET Q q 0 0 0 rg BT 218.81 712.40 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 246.22 712.40 Td (TION OF) Tj ET Q q 0 0 0 rg BT 279.48 712.40 Td ( PRINCIP) Tj ET Q q 0 0 0 rg BT 314.22 712.40 Td (AL) Tj ET Q q 0 0 0 rg BT 324.89 712.40 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 371.79 712.40 Td ( OFFICER) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 702.80 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 693.20 Td (I, ) Tj ET Q q 0 0 0 rg BT 56.66 693.20 Td (David ) Tj ET Q q 0 0 0 rg BT 78.21 693.20 Td (Stur) Tj ET Q q 0 0 0 rg BT 91.41 693.20 Td (geon, ) Tj ET Q q 0 0 0 rg BT 110.96 693.20 Td (certify ) Tj ET Q q 0 0 0 rg BT 133.83 693.20 Td (that:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 683.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 674.00 Td (1. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 674.00 Td (I ) Tj ET Q q 0 0 0 rg BT 72.66 674.00 Td (have ) Tj ET Q q 0 0 0 rg BT 89.77 674.00 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 121.08 674.00 Td (this ) Tj ET Q q 0 0 0 rg BT 134.64 674.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 157.96 674.00 Td (report ) Tj ET Q q 0 0 0 rg BT 179.07 674.00 Td (on ) Tj ET Q q 0 0 0 rg BT 189.07 674.00 Td (Form ) Tj ET Q q 0 0 0 rg BT 208.40 674.00 Td (10-K ) Tj ET Q q 0 0 0 rg BT 226.84 674.00 Td (of ) Tj ET Q q 0 0 0 rg BT 235.51 674.00 Td (Central ) Tj ET Q q 0 0 0 rg BT 261.05 674.00 Td (European ) Tj ET Q q 0 0 0 rg BT 293.71 674.00 Td (Media ) Tj ET Q q 0 0 0 rg BT 316.14 674.00 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 354.13 674.00 Td (Ltd.;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 655.40 Td (2. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 655.40 Td (Based ) Tj ET Q q 0 0 0 rg BT 89.29 655.40 Td (on ) Tj ET Q q 0 0 0 rg BT 99.02 655.40 Td (my ) Tj ET Q q 0 0 0 rg BT 110.98 655.40 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 149.81 655.40 Td (this ) Tj ET Q q 0 0 0 rg BT 163.11 655.40 Td (report ) Tj ET Q q 0 0 0 rg BT 183.94 655.40 Td (does ) Tj ET Q q 0 0 0 rg BT 200.34 655.40 Td (not ) Tj ET Q q 0 0 0 rg BT 212.30 655.40 Td (contain ) Tj ET Q q 0 0 0 rg BT 237.58 655.40 Td (any ) Tj ET Q q 0 0 0 rg BT 250.86 655.40 Td (untrue ) Tj ET Q q 0 0 0 rg BT 273.04 655.40 Td (statement ) Tj ET Q q 0 0 0 rg BT 305.43 655.40 Td (of ) Tj ET Q q 0 0 0 rg BT 313.82 655.40 Td (a ) Tj ET Q q 0 0 0 rg BT 319.11 655.40 Td (material ) Tj ET Q q 0 0 0 rg BT 347.05 655.40 Td (fact ) Tj ET Q q 0 0 0 rg BT 360.77 655.40 Td (or ) Tj ET Q q 0 0 0 rg BT 369.17 655.40 Td (omit ) Tj ET Q q 0 0 0 rg BT 385.57 655.40 Td (to ) Tj ET Q q 0 0 0 rg BT 393.53 655.40 Td (state ) Tj ET Q q 0 0 0 rg BT 409.93 655.40 Td (a ) Tj ET Q q 0 0 0 rg BT 415.21 655.40 Td (material ) Tj ET Q q 0 0 0 rg BT 443.15 655.40 Td (fact ) Tj ET Q q 0 0 0 rg BT 456.88 655.40 Td (necessary ) Tj ET Q q 0 0 0 rg BT 489.70 655.40 Td (to ) Tj ET Q q 0 0 0 rg BT 497.66 655.40 Td (make ) Tj ET Q q 0 0 0 rg BT 516.72 655.40 Td (the ) Tj ET Q q 0 0 0 rg BT 528.23 655.40 Td (statements ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 645.80 Td (made, ) Tj ET Q q 0 0 0 rg BT 89.32 645.80 Td (in ) Tj ET Q q 0 0 0 rg BT 97.55 645.80 Td (light ) Tj ET Q q 0 0 0 rg BT 114.21 645.80 Td (of ) Tj ET Q q 0 0 0 rg BT 122.88 645.80 Td (the ) Tj ET Q q 0 0 0 rg BT 134.65 645.80 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 181.96 645.80 Td (under ) Tj ET Q q 0 0 0 rg BT 202.18 645.80 Td (which ) Tj ET Q q 0 0 0 rg BT 223.73 645.80 Td (such ) Tj ET Q q 0 0 0 rg BT 240.39 645.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 276.16 645.80 Td (were ) Tj ET Q q 0 0 0 rg BT 293.71 645.80 Td (made, ) Tj ET Q q 0 0 0 rg BT 315.03 645.80 Td (not ) Tj ET Q q 0 0 0 rg BT 327.25 645.80 Td (misleading ) Tj ET Q q 0 0 0 rg BT 364.36 645.80 Td (with ) Tj ET Q q 0 0 0 rg BT 380.58 645.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 405.23 645.80 Td (to ) Tj ET Q q 0 0 0 rg BT 413.46 645.80 Td (the ) Tj ET Q q 0 0 0 rg BT 425.23 645.80 Td (period ) Tj ET Q q 0 0 0 rg BT 447.67 645.80 Td (covered ) Tj ET Q q 0 0 0 rg BT 474.98 645.80 Td (by ) Tj ET Q q 0 0 0 rg BT 484.98 645.80 Td (this ) Tj ET Q q 0 0 0 rg BT 498.54 645.80 Td (report;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 627.20 Td (3. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 627.20 Td (Based ) Tj ET Q q 0 0 0 rg BT 89.42 627.20 Td (on ) Tj ET Q q 0 0 0 rg BT 99.28 627.20 Td (my ) Tj ET Q q 0 0 0 rg BT 111.37 627.20 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 150.34 627.20 Td (the ) Tj ET Q q 0 0 0 rg BT 161.98 627.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 191.83 627.20 Td (statements, ) Tj ET Q q 0 0 0 rg BT 229.47 627.20 Td (and ) Tj ET Q q 0 0 0 rg BT 242.88 627.20 Td (other ) Tj ET Q q 0 0 0 rg BT 261.19 627.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 291.04 627.20 Td (information ) Tj ET Q q 0 0 0 rg BT 330.67 627.20 Td (included ) Tj ET Q q 0 0 0 rg BT 360.09 627.20 Td (in ) Tj ET Q q 0 0 0 rg BT 368.17 627.20 Td (this ) Tj ET Q q 0 0 0 rg BT 381.60 627.20 Td (report, ) Tj ET Q q 0 0 0 rg BT 404.57 627.20 Td (fairly ) Tj ET Q q 0 0 0 rg BT 423.76 627.20 Td (present ) Tj ET Q q 0 0 0 rg BT 448.73 627.20 Td (in ) Tj ET Q q 0 0 0 rg BT 456.81 627.20 Td (all ) Tj ET Q q 0 0 0 rg BT 466.68 627.20 Td (material ) Tj ET Q q 0 0 0 rg BT 494.75 627.20 Td (respects ) Tj ET Q q 0 0 0 rg BT 522.38 627.20 Td (the ) Tj ET Q q 0 0 0 rg BT 534.02 627.20 Td (financial ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 617.60 Td (condition, ) Tj ET Q q 0 0 0 rg BT 102.22 617.60 Td (results ) Tj ET Q q 0 0 0 rg BT 125.11 617.60 Td (of ) Tj ET Q q 0 0 0 rg BT 133.77 617.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 169.09 617.60 Td (and ) Tj ET Q q 0 0 0 rg BT 182.64 617.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.86 617.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 218.64 617.60 Td (of ) Tj ET Q q 0 0 0 rg BT 227.30 617.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.07 617.60 Td (registrant ) Tj ET Q q 0 0 0 rg BT 271.29 617.60 Td (as ) Tj ET Q q 0 0 0 rg BT 279.95 617.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 290.61 617.60 Td (and ) Tj ET Q q 0 0 0 rg BT 304.16 617.60 Td (for) Tj ET Q q 0 0 0 rg BT 313.17 617.60 Td (, ) Tj ET Q q 0 0 0 rg BT 317.17 617.60 Td (the ) Tj ET Q q 0 0 0 rg BT 328.95 617.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 354.50 617.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 387.15 617.60 Td (in ) Tj ET Q q 0 0 0 rg BT 395.37 617.60 Td (this ) Tj ET Q q 0 0 0 rg BT 408.93 617.60 Td (report;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 599.00 Td (4. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 599.00 Td (The ) Tj ET Q q 0 0 0 rg BT 82.24 599.00 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 118.80 599.00 Td (other ) Tj ET Q q 0 0 0 rg BT 137.04 599.00 Td (certifying ) Tj ET Q q 0 0 0 rg BT 169.94 599.00 Td (of) Tj ET Q q 0 0 0 rg BT 176.46 599.00 Td (ficer\(s\) ) Tj ET Q q 0 0 0 rg BT 201.35 599.00 Td (and ) Tj ET Q q 0 0 0 rg BT 214.70 599.00 Td (I ) Tj ET Q q 0 0 0 rg BT 219.17 599.00 Td (are ) Tj ET Q q 0 0 0 rg BT 230.73 599.00 Td (responsible ) Tj ET Q q 0 0 0 rg BT 268.97 599.00 Td (for ) Tj ET Q q 0 0 0 rg BT 280.10 599.00 Td (establishing ) Tj ET Q q 0 0 0 rg BT 320.11 599.00 Td (and ) Tj ET Q q 0 0 0 rg BT 333.46 599.00 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 373.48 599.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 407.72 599.00 Td (controls ) Tj ET Q q 0 0 0 rg BT 435.29 599.00 Td (and ) Tj ET Q q 0 0 0 rg BT 448.64 599.00 Td (procedures ) Tj ET Q q 0 0 0 rg BT 485.53 599.00 Td (\(as ) Tj ET Q q 0 0 0 rg BT 496.66 599.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 522.45 599.00 Td (in ) Tj ET Q q 0 0 0 rg BT 530.47 599.00 Td (Exchange ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 589.40 Td (Act ) Tj ET Q q 0 0 0 rg BT 81.02 589.40 Td (Rules ) Tj ET Q q 0 0 0 rg BT 100.71 589.40 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 133.27 589.40 Td (and ) Tj ET Q q 0 0 0 rg BT 146.29 589.40 Td (15d-15\(e\)\) ) Tj ET Q q 0 0 0 rg BT 181.96 589.40 Td (and ) Tj ET Q q 0 0 0 rg BT 194.98 589.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 220.88 589.40 Td (control ) Tj ET Q q 0 0 0 rg BT 245.01 589.40 Td (over ) Tj ET Q q 0 0 0 rg BT 260.69 589.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 290.15 589.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 320.94 589.40 Td (\(as ) Tj ET Q q 0 0 0 rg BT 331.73 589.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 357.19 589.40 Td (in ) Tj ET Q q 0 0 0 rg BT 364.88 589.40 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 397.56 589.40 Td (Act ) Tj ET Q q 0 0 0 rg BT 410.58 589.40 Td (Rules ) Tj ET Q q 0 0 0 rg BT 430.27 589.40 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 461.95 589.40 Td (and ) Tj ET Q q 0 0 0 rg BT 474.97 589.40 Td (15d-15\(f\)\) ) Tj ET Q q 0 0 0 rg BT 509.75 589.40 Td (for ) Tj ET Q q 0 0 0 rg BT 520.55 589.40 Td (the ) Tj ET Q q 0 0 0 rg BT 531.79 589.40 Td (registrant ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 579.80 Td (and ) Tj ET Q q 0 0 0 rg BT 81.55 579.80 Td (have:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 561.20 Td (\(a\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 561.20 Td (Designed ) Tj ET Q q 0 0 0 rg BT 118.18 561.20 Td (such ) Tj ET Q q 0 0 0 rg BT 134.80 561.20 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 169.20 561.20 Td (controls ) Tj ET Q q 0 0 0 rg BT 196.94 561.20 Td (and ) Tj ET Q q 0 0 0 rg BT 210.45 561.20 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 249.51 561.20 Td (or ) Tj ET Q q 0 0 0 rg BT 258.13 561.20 Td (caused ) Tj ET Q q 0 0 0 rg BT 281.86 561.20 Td (such ) Tj ET Q q 0 0 0 rg BT 298.49 561.20 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 332.88 561.20 Td (controls ) Tj ET Q q 0 0 0 rg BT 360.62 561.20 Td (and ) Tj ET Q q 0 0 0 rg BT 374.13 561.20 Td (procedures ) Tj ET Q q 0 0 0 rg BT 411.19 561.20 Td (to ) Tj ET Q q 0 0 0 rg BT 419.37 561.20 Td (be ) Tj ET Q q 0 0 0 rg BT 428.89 561.20 Td (designed ) Tj ET Q q 0 0 0 rg BT 459.29 561.20 Td (under ) Tj ET Q q 0 0 0 rg BT 479.46 561.20 Td (our ) Tj ET Q q 0 0 0 rg BT 492.09 561.20 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 532.94 561.20 Td (to ) Tj ET Q q 0 0 0 rg BT 541.12 561.20 Td (ensure ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 551.60 Td (that ) Tj ET Q q 0 0 0 rg BT 99.18 551.60 Td (material ) Tj ET Q q 0 0 0 rg BT 126.56 551.60 Td (information ) Tj ET Q q 0 0 0 rg BT 165.51 551.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 191.13 551.60 Td (to ) Tj ET Q q 0 0 0 rg BT 198.53 551.60 Td (the ) Tj ET Q q 0 0 0 rg BT 209.48 551.60 Td (registrant, ) Tj ET Q q 0 0 0 rg BT 242.87 551.60 Td (including ) Tj ET Q q 0 0 0 rg BT 274.27 551.60 Td (its ) Tj ET Q q 0 0 0 rg BT 283.01 551.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 324.62 551.60 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 365.57 551.60 Td (is ) Tj ET Q q 0 0 0 rg BT 372.09 551.60 Td (made ) Tj ET Q q 0 0 0 rg BT 390.59 551.60 Td (known ) Tj ET Q q 0 0 0 rg BT 413.55 551.60 Td (to ) Tj ET Q q 0 0 0 rg BT 420.95 551.60 Td (us ) Tj ET Q q 0 0 0 rg BT 429.25 551.60 Td (by ) Tj ET Q q 0 0 0 rg BT 438.43 551.60 Td (others ) Tj ET Q q 0 0 0 rg BT 459.16 551.60 Td (within ) Tj ET Q q 0 0 0 rg BT 480.78 551.60 Td (those ) Tj ET Q q 0 0 0 rg BT 498.85 551.60 Td (entities, ) Tj ET Q q 0 0 0 rg BT 525.13 551.60 Td (particularly ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 542.00 Td (during ) Tj ET Q q 0 0 0 rg BT 108.89 542.00 Td (the ) Tj ET Q q 0 0 0 rg BT 120.66 542.00 Td (period ) Tj ET Q q 0 0 0 rg BT 143.10 542.00 Td (in ) Tj ET Q q 0 0 0 rg BT 151.32 542.00 Td (which ) Tj ET Q q 0 0 0 rg BT 172.87 542.00 Td (this ) Tj ET Q q 0 0 0 rg BT 186.43 542.00 Td (report ) Tj ET Q q 0 0 0 rg BT 207.53 542.00 Td (is ) Tj ET Q q 0 0 0 rg BT 214.87 542.00 Td (being ) Tj ET Q q 0 0 0 rg BT 234.64 542.00 Td (prepared;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 523.40 Td (\(b\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 523.40 Td (Designed ) Tj ET Q q 0 0 0 rg BT 118.16 523.40 Td (such ) Tj ET Q q 0 0 0 rg BT 134.76 523.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 161.14 523.40 Td (control ) Tj ET Q q 0 0 0 rg BT 185.74 523.40 Td (over ) Tj ET Q q 0 0 0 rg BT 201.89 523.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 231.82 523.40 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 265.09 523.40 Td (or ) Tj ET Q q 0 0 0 rg BT 273.69 523.40 Td (caused ) Tj ET Q q 0 0 0 rg BT 297.40 523.40 Td (such ) Tj ET Q q 0 0 0 rg BT 314.00 523.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 340.38 523.40 Td (control ) Tj ET Q q 0 0 0 rg BT 364.98 523.40 Td (over ) Tj ET Q q 0 0 0 rg BT 381.14 523.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 411.06 523.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 442.33 523.40 Td (to ) Tj ET Q q 0 0 0 rg BT 450.49 523.40 Td (be ) Tj ET Q q 0 0 0 rg BT 459.98 523.40 Td (designed ) Tj ET Q q 0 0 0 rg BT 490.36 523.40 Td (under ) Tj ET Q q 0 0 0 rg BT 510.52 523.40 Td (our ) Tj ET Q q 0 0 0 rg BT 523.13 523.40 Td (supervision, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 513.80 Td (to ) Tj ET Q q 0 0 0 rg BT 94.78 513.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 121.78 513.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 158.54 513.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 192.20 513.80 Td (regarding ) Tj ET Q q 0 0 0 rg BT 225.41 513.80 Td (the ) Tj ET Q q 0 0 0 rg BT 237.74 513.80 Td (reliability ) Tj ET Q q 0 0 0 rg BT 271.40 513.80 Td (of ) Tj ET Q q 0 0 0 rg BT 280.63 513.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 311.17 513.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 343.05 513.80 Td (and ) Tj ET Q q 0 0 0 rg BT 357.16 513.80 Td (the ) Tj ET Q q 0 0 0 rg BT 369.50 513.80 Td (preparation ) Tj ET Q q 0 0 0 rg BT 408.48 513.80 Td (of ) Tj ET Q q 0 0 0 rg BT 417.71 513.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 448.25 513.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 484.58 513.80 Td (for ) Tj ET Q q 0 0 0 rg BT 496.47 513.80 Td (external ) Tj ET Q q 0 0 0 rg BT 524.79 513.80 Td (purposes ) Tj ET Q q 0 0 0 rg BT 555.79 513.80 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 504.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 123.97 504.20 Td (with ) Tj ET Q q 0 0 0 rg BT 140.19 504.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 171.95 504.20 Td (accepted ) Tj ET Q q 0 0 0 rg BT 201.93 504.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 239.03 504.20 Td (principles;) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 485.60 Td (\(c\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 485.60 Td (Evaluated ) Tj ET Q q 0 0 0 rg BT 120.08 485.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.96 485.60 Td (ef) Tj ET Q q 0 0 0 rg BT 138.03 485.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 175.67 485.60 Td (of ) Tj ET Q q 0 0 0 rg BT 184.43 485.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.30 485.60 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 233.17 485.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 267.71 485.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 295.58 485.60 Td (and ) Tj ET Q q 0 0 0 rg BT 309.23 485.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 346.42 485.60 Td (and ) Tj ET Q q 0 0 0 rg BT 360.07 485.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 392.82 485.60 Td (in ) Tj ET Q q 0 0 0 rg BT 401.15 485.60 Td (this ) Tj ET Q q 0 0 0 rg BT 414.80 485.60 Td (report ) Tj ET Q q 0 0 0 rg BT 436.01 485.60 Td (our ) Tj ET Q q 0 0 0 rg BT 448.77 485.60 Td (conclusions ) Tj ET Q q 0 0 0 rg BT 488.64 485.60 Td (about ) Tj ET Q q 0 0 0 rg BT 508.52 485.60 Td (the ) Tj ET Q q 0 0 0 rg BT 520.39 485.60 Td (ef) Tj ET Q q 0 0 0 rg BT 526.46 485.60 Td (fectiveness ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 94.66 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 106.44 476.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 140.88 476.00 Td (controls ) Tj ET Q q 0 0 0 rg BT 168.65 476.00 Td (and ) Tj ET Q q 0 0 0 rg BT 182.20 476.00 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 221.29 476.00 Td (as ) Tj ET Q q 0 0 0 rg BT 229.96 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 238.62 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 250.39 476.00 Td (end ) Tj ET Q q 0 0 0 rg BT 263.95 476.00 Td (of ) Tj ET Q q 0 0 0 rg BT 272.61 476.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.38 476.00 Td (period ) Tj ET Q q 0 0 0 rg BT 306.82 476.00 Td (covered ) Tj ET Q q 0 0 0 rg BT 334.14 476.00 Td (by ) Tj ET Q q 0 0 0 rg BT 344.14 476.00 Td (this ) Tj ET Q q 0 0 0 rg BT 357.70 476.00 Td (report ) Tj ET Q q 0 0 0 rg BT 378.80 476.00 Td (based ) Tj ET Q q 0 0 0 rg BT 399.01 476.00 Td (on ) Tj ET Q q 0 0 0 rg BT 409.01 476.00 Td (such ) Tj ET Q q 0 0 0 rg BT 425.68 476.00 Td (evaluation; ) Tj ET Q q 0 0 0 rg BT 463.22 476.00 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 457.40 Td (\(d\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 457.40 Td (Disclosed ) Tj ET Q q 0 0 0 rg BT 119.60 457.40 Td (in ) Tj ET Q q 0 0 0 rg BT 127.87 457.40 Td (this ) Tj ET Q q 0 0 0 rg BT 141.48 457.40 Td (report ) Tj ET Q q 0 0 0 rg BT 162.63 457.40 Td (any ) Tj ET Q q 0 0 0 rg BT 176.23 457.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 204.05 457.40 Td (in ) Tj ET Q q 0 0 0 rg BT 212.32 457.40 Td (the ) Tj ET Q q 0 0 0 rg BT 224.14 457.40 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 260.96 457.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 287.44 457.40 Td (control ) Tj ET Q q 0 0 0 rg BT 312.15 457.40 Td (over ) Tj ET Q q 0 0 0 rg BT 328.42 457.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 358.45 457.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 389.83 457.40 Td (that ) Tj ET Q q 0 0 0 rg BT 403.87 457.40 Td (occurred ) Tj ET Q q 0 0 0 rg BT 433.90 457.40 Td (during ) Tj ET Q q 0 0 0 rg BT 456.84 457.40 Td (the ) Tj ET Q q 0 0 0 rg BT 468.66 457.40 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 505.48 457.40 Td (most ) Tj ET Q q 0 0 0 rg BT 523.09 457.40 Td (recent ) Tj ET Q q 0 0 0 rg BT 544.67 457.40 Td (fiscal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 447.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 110.88 447.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 125.55 447.80 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 162.54 447.80 Td (fourth ) Tj ET Q q 0 0 0 rg BT 184.32 447.80 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 203.88 447.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 228.76 447.80 Td (in ) Tj ET Q q 0 0 0 rg BT 237.21 447.80 Td (the ) Tj ET Q q 0 0 0 rg BT 249.21 447.80 Td (case ) Tj ET Q q 0 0 0 rg BT 265.21 447.80 Td (of ) Tj ET Q q 0 0 0 rg BT 274.10 447.80 Td (an ) Tj ET Q q 0 0 0 rg BT 283.88 447.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 307.44 447.80 Td (report\), ) Tj ET Q q 0 0 0 rg BT 333.43 447.80 Td (that ) Tj ET Q q 0 0 0 rg BT 347.66 447.80 Td (has ) Tj ET Q q 0 0 0 rg BT 360.55 447.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 395.21 447.80 Td (af) Tj ET Q q 0 0 0 rg BT 401.28 447.80 Td (fected, ) Tj ET Q q 0 0 0 rg BT 425.05 447.80 Td (or ) Tj ET Q q 0 0 0 rg BT 433.94 447.80 Td (is ) Tj ET Q q 0 0 0 rg BT 441.51 447.80 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 478.39 447.80 Td (likely ) Tj ET Q q 0 0 0 rg BT 498.84 447.80 Td (to ) Tj ET Q q 0 0 0 rg BT 507.29 447.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 541.95 447.80 Td (af) Tj ET Q q 0 0 0 rg BT 548.02 447.80 Td (fect, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 438.20 Td (the ) Tj ET Q q 0 0 0 rg BT 97.77 438.20 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 134.54 438.20 Td (internal ) Tj ET Q q 0 0 0 rg BT 160.97 438.20 Td (control ) Tj ET Q q 0 0 0 rg BT 185.63 438.20 Td (over ) Tj ET Q q 0 0 0 rg BT 201.85 438.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 231.83 438.20 Td (reporting; ) Tj ET Q q 0 0 0 rg BT 265.38 438.20 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 419.60 Td (5. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 419.60 Td (The ) Tj ET Q q 0 0 0 rg BT 83.16 419.60 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 120.66 419.60 Td (other ) Tj ET Q q 0 0 0 rg BT 139.82 419.60 Td (certifying ) Tj ET Q q 0 0 0 rg BT 173.64 419.60 Td (of) Tj ET Q q 0 0 0 rg BT 180.16 419.60 Td (ficer\(s\) ) Tj ET Q q 0 0 0 rg BT 205.98 419.60 Td (and ) Tj ET Q q 0 0 0 rg BT 220.26 419.60 Td (I ) Tj ET Q q 0 0 0 rg BT 225.65 419.60 Td (have ) Tj ET Q q 0 0 0 rg BT 243.48 419.60 Td (disclosed, ) Tj ET Q q 0 0 0 rg BT 277.98 419.60 Td (based ) Tj ET Q q 0 0 0 rg BT 298.92 419.60 Td (on ) Tj ET Q q 0 0 0 rg BT 309.65 419.60 Td (our ) Tj ET Q q 0 0 0 rg BT 323.04 419.60 Td (most ) Tj ET Q q 0 0 0 rg BT 341.32 419.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 363.59 419.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 399.64 419.60 Td (of ) Tj ET Q q 0 0 0 rg BT 409.03 419.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 436.19 419.60 Td (control ) Tj ET Q q 0 0 0 rg BT 461.57 419.60 Td (over ) Tj ET Q q 0 0 0 rg BT 478.52 419.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 509.23 419.60 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 543.28 419.60 Td (to ) Tj ET Q q 0 0 0 rg BT 552.23 419.60 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 410.00 Td (registrant's ) Tj ET Q q 0 0 0 rg BT 104.77 410.00 Td (auditors ) Tj ET Q q 0 0 0 rg BT 132.54 410.00 Td (and ) Tj ET Q q 0 0 0 rg BT 146.09 410.00 Td (the ) Tj ET Q q 0 0 0 rg BT 157.86 410.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 175.86 410.00 Td (committee ) Tj ET Q q 0 0 0 rg BT 211.63 410.00 Td (of ) Tj ET Q q 0 0 0 rg BT 220.29 410.00 Td (the ) Tj 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