5(3(5725,21 5$&&2/7$1
9(5%$/('(/&216,*/,2',$00,1,675$=,21('(//$
)21'$=,21(&(59,$$0%,(17(
3257$17()86,21(3(5,1&25325$=,21(
1(//$)21'$=,21(&(17525,&(5&+(0$5,1(
5(38%%/,&$,7$/,$1$
/
DQQR GXHPLODTXDWWRUGLFL LO JLRUQRTXDWWRUGLFL GHO PHVH GLPDJ
B
JLR
PDJJLR
DOOH RUHTXLQGLFL
,Q&HVHQDWLFR 9LD $PHULJR9HVSXFFLQXPHUR
DYDQWL D PH GRWWRU 0$5&2 *25, 1RWDLR LQ &HVHQDWLFR LVFULWWR
BBB
SUHVVRLO&ROOHJLR 1RWDULOH GHL 'LVWUHWWL 5LXQLWL GL)RUOu H5LPLQL
qSUHVHQWH LOVLJQRU
5,1$/', $77,/,2 QDWR D 6DQ )HOLFH VXO 3DQDUR LO VHWWHPEUH
BBBB
GRPLFLOLDWR SHU PRWLYR GHOOD VXD FDULFD SUHVVR OD VHGH VR
BBB
FLDOH LO TXDOH GLFKLDUD GL LQWHUYHQLUH QHO SUHVHQWH DWWR QRQ LQ
BBBB
SURSULRPDQHOOD VXDTXDOLWj GL3UHVLGHQWH GHO &RQVLJOLRGL$PPL
B
QLVWUD]LRQH GHOOD )RQGD]LRQH &HUYLD $PELHQWH FRQVHGH LQ &HU
B
YLD 5$ JLj 3LD]]D $ &RVWD Q H RUD 9LD $ (YDQJHOLVWL Q BBBB
SUHVVR 7RUUH 6DQ 0LFKHOH FRGLFH ILVFDOH H 3LYD
BBB
IRQGR GL GRWD]LRQH HXUR LVFULWWD DO QX
BB
PHUR GHO 5HJLVWUR SUHIHWWL]LR GHOOH SHUVRQH JLXULGLFKH SUHVVR
B
OD3UHIHWWXUD GL5DYHQQD
FRPSDUHQWH FLWWDGLQR LWDOLDQR GDOOD FXL LGHQWLWj SHUVRQDOH TXD
B
OLILFD H SRWHUL LR1RWDLRVRQR FHUWR LOTXDOHPLULFKLHGH GL UHGLJH
B
UH LO YHUEDOH GHO &RQVLJOLR GL $PPLQLVWUD]LRQH GHOOD )RQGD]LRQH
BB
LQ TXHVWR JLRUQR OXRJR HG RUD FRQYRFDWD LQ VHFRQGD FRQYRFD]LR
BB
QH SHUGLVFXWHUH HGHOLEHUDUH VXOVHJXHQWH RUGLQH GHOJLRUQR
)XVLRQH SHU LQFRUSRUD]LRQH GHOOD )RQGD]LRQH &HUYLD $PELHQWH
BBB
QHOOD )21'$=,21( &(1752 5,&(5&+( 0$5,1( PHGLDQWH DS
BB
SURYD]LRQH GHO SURJHWWR GL IXVLRQH H GHOOR VWDWXWR VRFLDOH GHOOD
BBBB
)RQGD]LRQH ULVXOWDQWH GDOOD IXVLRQH DOOHJDWR DO SURJHWWRGLIXVLR
B
QH GHOLEHUD]LRQL LQHUHQWL HFRQVHJXHQWL
$YHQGR LR 1RWDLR DGHULWR DOOD ULFKLHVWD GHO FRPSDUHQWH IDFFLR
BBBBB
FRQVWDUH FRQLOSUHVHQWH 9HUEDOH TXDQWRVHJXH
DVVXPH OD 3UHVLGHQ]D DL VHQVL GHOOR 6WDWXWR LO FRPSDUHQWH PH
B
GHVLPRFKH FRQVWDWD
FKH OD ULXQLRQH q VWDWD FRQYRFDWD LQ VHFRQGD FRQYRFD]LRQH FR
BBB
PH GDDYYLVRLQYLDWR DL FRQVLJOLHUL D PH]]R3RVWD(OHWWURQLFD &HU
B
WLILFDWD 3(&LOPDJJLR
FKH DVVLVWH DOOD VHGXWD O
RUJDQRDPPLQLVWUDWLYR QHOOD SHUVRQDGL
B
HVVR FRPSDUHQWH H GHL VLJQRUL&RQVLJOLHUL /LQR %HGHVFKL 0DUD
BBB
5RQFX]]L*LXVHSSH%RUWRQH 5REHUWR=RIIROL
FKH GHL 6LQGDFL 5HYLVRUL QRQqQHVVXQRSUHVHQWH
3HUWDQWR LO 3UHVLGHQWH GLFKLDUD YDOLGD O
DVVHPEOHD HG DWWD D GHOL
BB
EHUDUH H LQL]LD OD WUDWWD]LRQH GL TXDQWR DOO
RUGLQH GHO JLRUQR H
BBB
VSRQHQGR DO &RQVLJOLR GL $PPLQLVWUD]LRQH TXDOH 2UJDQR FRPSH
BB
WHQWH DL VHQVL GHOO
DUW GHO YLJHQWH VWDWXWRHVVHQGR VWDWH DFTXL
B
VLWH OH FRQIRUPL GHOLEHUH GHJOL (QWL)RQGDWRUL H TXLQGL HVSOLFLWDQ
B
GR OD YRORQWj PDQLIHVWDWD GDJOL (QWLVRFL SRQJDLQ HVVHUH OD SUR
BB
FHGXUD SHU OD IXVLRQH SHU LQFRUSRUD]LRQH GHOOD )RQGD]LRQH &HU
BB
YLD $PELHQWH QHOOD )21'$=,21( &(1752 5,&(5&+( 0$5,
BBB
1(FRQVHGH LQ &HVHQDWLFR 9LD$PHULJR9HVSXFFL QXPHURFR
B
GLFH ILVFDOH H QXPHUR GLLVFUL]LRQH SUHVVRLO 5HJLVWUR GHOOH ,PSUH
B
VH GL )RUOu&HVHQD QXPHUR )2 GHO 5HSHU
BB
WRULR (FRQRPLFR $PPLQLVWUDWLYR ULFRQRVFLXWD FRQ 'HWHUPLQD]LR
BB
QH GHO 'LUHWWRUH *HQHUDOH DJOL $IIDUL LVWLWX]LRQDOL H /HJLVODWLYL
BBBB
GHOOD 5HJLRQH (PLOLD 5RPDJQDGHO GLFHPEUH Q H
B
LVFULWWD QHO 5HJLVWUR 5HJLRQDOH GHOOH 3HUVRQH *LXULGLFKH GDO BBB
GLFHPEUH QXPHUR RUGLQH 5HJLVWUR UHJLRQDOH DSSURYDQ
B
GR H SXEEOLFDQGR D VHQVL GL OHJJH LO 3URJHWWR GL)XVLRQH FRQX
BB
QLWR LO WHVWR GL6WDWXWR FKH ULVXOWHUHEEH GDOO
DSSURYD]LRQHGHOOD IX
B
VLRQH FRQ OD UHOD]LRQH GHJOL DPPLQLVWUDWRUL PD QRQ TXHOOD GHO
BB
O
HVSHUWR QRQHVVHQGRFL DOFXQUDSSRUWRGLFDPELRGDYDOXWDUH
/
HVLJHQ]D GL SURSRUUH DOOH DXWRULWj GL YLJLODQ]D OD ´XQLILFD]LRQH
BBB
GHOOD DPPLQLVWUD]LRQHµ GHOOH GXH IRQGD]LRQLDL VHQVL GHOO
DUWLFR
B
OR GHO &RGLFH &LYLOH QDVFH GDOOD FRQVLGHUD]LRQH FKH OH QXRYH
BB
VILGH LQGRWWH GDOO·LQFRPEHUH GHOOH SUHVVLRQL HVHUFLWDWH VXO PDUH H
B
VXOOH FRVWH H OD VHPSUH SLDYYHUWLWD HG LPSUHVFLQGLELOH HVLJHQ]D
B
GL SUHVHUYDUH O·DPELHQWH QHOOH VXH PROWHSOLFL VIDFFHWWDWXUH HG H
BB
VLJHQ]H VRQR GD WHPSR LQ FRQIOLWWR FRQ OD VFDUVLWj GHOOH ULVRUVH
BBB
ILQDQ]LDULH /D FRQJLXQWXUD LQWHUQD]LRQDOH H QD]LRQDOH ULFKLHGR
BB
QR LO QHFHVVDULR FRRUGLQDPHQWR GHOOH VWUDWHJLH H GHOOH D]LRQL LQ
BBB
PDWHULD GLWXWHOD GHOOD ULVRUVD ´PDUHµ XQLWDPHQWH DGXQ VHPSUH
B
PDJJLRUH VYLOXSSR GHOOD IRUPD]LRQHLQIRUPD]LRQH LQ FDPSR DP
BBB
ELHQWDOH DWWD DG DFFUHVFHUH OD VHQVLELOLWj O·LQWHUHVVH OD FXOWXUD
BB
HODFRQRVFHQ]DGLTXHVWDVWUDRUGLQDULD ULVRUVD
,O WHUULWRULR HPLOLDQRURPDJQROR LQ SDUWLFRODUH QHO WUDWWR FRVWLHUR
B
GD &HUYLD D &HVHQDWLFR YHGH OD SUHVHQ]D GLGXH )RQGD]LRQL SDU
BB
WHFLSDWH HQWUDPEH GDOOD 5HJLRQH OD )RQGD]LRQH &HUYLD$PELHQWH
BB
)&$ FRQVHGH D &HUYLD OD )RQGD]LRQH &HQWUR 5LFHUFKH 0DULQH
B
FRQ VHGH D &HVHQDWLFR FKH SHUVHJXRQR VFRSL VWDWXWDUL FKH SRV
BB
VRQR ULFRQGXUVL ODWX VHQVX DOOD ULFHUFD DOOD WXWHOD DPELHQWDOH
BBB
DOOD IRUPD]LRQH H DOO·HGXFD]LRQH DPELHQWDOH 8Q·D]LRQH VLQHUJLFD
B
WUD OH GHWWH )RQGD]LRQL ULVXOWHUHEEH ROWUHPRGR RSSRUWXQD QHO
BBBBB
TXDGUR GHOO·RWWLPL]]D]LRQH GHOOH ULVRUVH H QHOO·RWWLFD GHO PLJOLRUD
B
PHQWR GHOOD SHUIRUPDQFH FRPSOHVVLYDLQ XQ QXRYR LQVLHPH GL
BBB
UXROLHDWWLYLWj
/RVWUXPHQWR GHOOD IXVLRQH SHU LQFRUSRUD]LRQH FRQVLVWH QHOOD FRQ
B
WLQXD]LRQH GHO VRJJHWWR JLXULGLFR UDSSUHVHQWDWR GDOOD IRQGD]LRQH
BB
LQFRUSRUDQWH H OD FHVVD]LRQH GHOOD IRQGD]LRQH LQFRUSRUDWD OH FXL
B
DWWLYLWj H SDVVLYLWjYHQJRQR GLIDWWR DVVRUELWH QHOOD IRQGD]LRQH LQ
B
FRUSRUDQWH
/D SURSRVWDq TXHOOD GLTXDOLILFDUH FRPH ´LQFRUSRUDQWHµ OD )RQGD
B
]LRQH &HQWUR 5LFHUFKH 0DULQH H FRPH ´LQFRUSRUDWDµ OD )RQGD]LR
B
QH &HUYLD$PELHQWH
,O PRWLYRGLTXHVWD VFHOWD q UDSSUHVHQWDWR GDOOD GLYHUVD GLPHQVLR
B
QH VLD VWUXWWXUDOH FKH SDWULPRQLDOH H DPPLQLVWUDWLYD GHOOH GXH
BBB
)RQGD]LRQL LQ SDUWLFRODUH OD )RQGD]LRQH &HQWUR 5LFHUFKH 0DULQH
B
KD Q GLSHQGHQWL q WLWRODUH GLXQDFRQFHVVLRQH GHPDQLDOH UH
B
ODWLYD D GLYHUVL IDEEULFDWL H GL QXPHURVL ULFRQRVFLPHQWL VFLHQWLIL
BB
FL FLz UHQGHUHEEH DVVDL JUDYRVRYROWXUDUH WXWWH OH VXGGHWWH SRVL
BB
]LRQL DQRPH GLXQDQXRYDIRQGD]LRQH QHO FDVR HVVD IRVVH FRQVL
B
GHUDWD LQFRUSRUDWD
,O GLSHQGHQWH GHOOD )RQGD]LRQH &HUYLD$PELHQWH FRQWLQXHUj OD
BBBBB
SURSULD DWWLYLWj FRQLO FRQWUDWWR GHO ´)HGHUJDVDFTXDµ FRPH LPSLH
B
JDWRGLVHFRQGR OLYHOOR H FL VDUj FRQWLQXLWj GHJOL DOWUL FRQWUDWWL LQ
B
FRUVRVWLSXODWL GDOOD )RQGD]LRQH &HUYLD$PELHQWH LQSDUWLFRODUH LO
B
FRPRGDWRG·XVRFRQLO &RPXQH GL&HUYLD UHODWLYR DOO·XVR HVFOXVL
B
YR GHO WHU]R H TXDUWRSLDQRGHOOD 7RUUH *XDUGLDQD H DOO·XVR WHP
BB
SRUDQHRGHOOD VDOD FRQIHUHQ]H SRVWDDOO·XOWLPR SLDQRGHOOD VWHVVD
B
7RUUH
*OL HIIHWWL FRQWDELOL H ILVFDOL GHOOD IXVLRQH YHUUDQQR UHWURGDWDWL DO
B
OD GDWD GHO JHQQDLR LQ PRGRWDOH FKH JLj LO ELODQFLRFRQ
BB
VXQWLYR DO 'LFHPEUH FRPSUHQGDWXWWH OH DWWLYLWj H SDVVL
BB
YLWjGHOOH GXH IRQGD]LRQL RUDHVLVWHQWL PHQWUH TXHOOL JLXULGLFL GH
B
FRUUHUDQQR GDOOD GDWD GL DSSURYD]LRQH GD SDUWH GHOOH &RPSHWHQWL
BB
$XWRULWjGLYLJLODQ]DGHOOH GHOLEHUH GLIXVLRQH
/D IRQGD]LRQH GRSR OD IXVLRQH YHUUj JRYHUQDWD GDXQ&RQVLJOLR GL
BB
$PPLQLVWUD]LRQH FRPSRVWDGDQFRPSRQHQWL H VDUj YLJLODWD GD
B
XQ2UJDQRGL&RQWUROOR
/R 6WDWXWR GHOOD VRFLHWj )RQGD]LRQH &HQWUR 5LFHUFKH 0DULQH VX
BB
ELUjOH VHJXHQWL PRGLILFKH
B
$PSOLDPHQWR GHOO·RJJHWWR VRFLDOH WHQHQGR LQ FRQVLGHUD]LR
QH DQFKH O·DWWLYLWj VYROWDGDOOD)RQGD]LRQHLQFRUSRUDQGD
5LGX]LRQH GHO QXPHUR GHL FRPSRQHQWLGHOO·2UJDQR DPPLQL
B
VWUDWLYR
$JJLRUQDPHQWR LQ EDVHDOOD QRUPDWLYD YLJHQWH GHJOL DUWLFROL
B
GHOO·2UJDQR GLFRQWUROORHGHO 5HYLVRUH /HJDOH GHL&RQWL
$GHJXDPHQWR GHJOL DUWLFROL LQ FXL H· FLWDWD O·8QLYHUVLWj GL
BBB
%RORJQDDLILQLGHOOD FRUUHWWD GHQRPLQD]LRQH
/D IXVLRQH LQ RJJHWWR SRUWHUj DGXQDVHQVLELOH ULGX]LRQH GHL FRVWL
B
GLJHVWLRQH TXHVWR D VHJXLWR GHOOD LVWLWX]LRQH GLXQXQLFR2UJDQR
B
DPPLQLVWUDWLYR
9L VDUj TXLQGL XQ XQLFR &RQVLJOLR GL $PPLQLVWUD]LRQH XQ VROR
BBBB
2UJDQRGL&RQWUROOR XQVROR3UHVLGHQWH H OD FRQWHVWXDOH VRSSUHV
B
VLRQH GHO &RPLWDWR 6FLHQWLILFR RUD SUHVHQWH QHOOD )&$ 1HO FRQ
BB
WHPSRDQFKH L FRVWL UHODWLYL DOOH FRQVXOHQ]H HVWHUQH LQPDWHULD GL
B
JHVWLRQH GHOOH EXVWHSDJDFRQVXOHQWH GHO ODYRUR H TXHOOL UHODWLYL
B
DJOL DGHPSLPHQWL ILVFDOLVRFLHWDUL VL ULGXUUDQR LQ TXDQWR HVVL ID
B
UDQQR FDSR DG XQ·XQLFD UHDOWj TXHOOD GHOOD )RQGD]LRQH &HQWUR
BBB
5LFHUFKH 0DULQH GL&HVHQDWLFR
6L ULWLHQH FKH GHWWH RSHUD]LRQL SRUWHUDQQR DGHFRQRPLH VWLPDELOL
BB
LQ HXUR DQQXL /D YDULDELOLWj GL GHWWR LPSRUWR GL
BBB
SHQGH GDO QXPHUR GHOOH ULXQLRQL GHO &RQVLJOLR GL $PPLQLVWUD]LR
BB
QH QRQFKq GDOOD VRSSUHVVLRQH GHO &RPLWDWR 6FLHQWLILFR GHOOD )RQ
B
GD]LRQHLQFRUSRUDWDHGDOWDJOLRGHOOH FLWDWH FRQVXOHQ]H
'DO ODWR GHL FRQWULEXWL DOOD IRQGD]LRQH GDO LO &RPXQH GL
BBBBB
&HUYLD PDQWHUUj O·LPSHJQR ILQDQ]LDULR VRVWHQXWR QHO QHOOH
BB
GXH )RQGD]LRQL HXUR DOOD )RQGD]LRQH &50 HG HXUR
BBBBB
DOOD )RQGD]LRQH &$ PHQWUH OD 5HJLRQH (PLOLD 5RPD
BB
JQD SURPRWULFH GHOOD IXVLRQH DXPHQWHUj LOFRQWULEXWR FRPSOHVVL
B
YRDQFKH LQWHUPLQL GLDIILGDPHQWR GLXOWHULRUL SURJHWWL
7DOL LPSHJQL VRQR OD FRQFUHWD PDQLIHVWD]LRQH GHOOD YRORQWj H
BBBB
VSUHVVD XQDQLPHPHQWH GDL 6RFL )RQGDWRUL GHO &HUYLD$PELHQWH
BBB
GLFRQWLQXDUH DPDQWHQHUH LQYLWDTXHOOD UHDOWj
/D QXRYD )RQGD]LRQH VYLOXSSDQGRJOL DVSHWWL VFLHQWLILFL GHVFULWWL
B
LQ VHJXLWR DYUj LQROWUH SL SRVVLELOLWj GL LQWHUFHWWDUH FRQWULEXWL
BBB
SXEEOLFLSHUVSHFLILFKH SURJHWWXDOLWj
,Q TXHVWR DPELWR VL ULWLHQH LPSRUWDQWH HYLGHQ]LDUH OH RSSRUWXQLWj
B
VFLHQWLILFKH WHFQLFKH H FXOWXUDOL FKH OD FUHD]LRQH GLXQVRORSR
B
OR SRWUj QHO EUHYH WHPSR DSSRUWDUH 'HWWH FRQGL]LRQL SRWUDQQR
BBBBB
UHDOL]]DUVL DWWUDYHUVR OD FRQJLXQ]LRQH WUD OH DWWLYLWj GLULFHUFD H LO
B
FRQWUROOR PLVVLRQ SULQFLSDOH GHOOD )&50H TXHOOH FRQFHUQHQWL OD
B
IRUPD]LRQH OD FRPXQLFD]LRQH H O·HGXFD]LRQH DPELHQWDOH SULQFL
BB
SDOL FRPSLWL GHOOD )&$ 8Q LQVLHPH GL FRPSHWHQ]H FKH SRVVRQR
BBB
DOODUJDUH O·RUL]]RQWH GHOOH RSSRUWXQLWjVLD QHL FRQIURQWL GHOOD SUR
B
JHWWXDOLWj FRPXQLWDULD FKH GHOOH SROLWLFKH UHJLRQDOL FRQFHUQHQWL L
B
VHUYL]L GD SURSRUUH DOOH QRVWUH $PPLQLVWUD]LRQL FRVWLHUH H DO UL
BBB
ODQFLR GHL SLDQLGLVWXGLRFRQFHUQHQWL OD *HVWLRQH ,QWHJUDWD GHOOH
B
=RQH &RVWLHUH 0HULWD D WDO ULJXDUGR XQ DFFHQQR LO SURJHWWR
BBBBBBB
&$03,WDOLDFKH YHGH OD SDUWHFLSD]LRQH GHOOD UHJLRQH (PL
BBBBBBB
OLD5RPDJQD DVVLHPH DO 0LQLVWHUR DOO·$PELHQWH DGDOWUH 5HJLRQH
B
FRVWLHUH H DOO·81(3/·DSSOLFD]LRQHGHJOL LQGLUL]]L GLGHWWR SURJHWWR
B
QHOOD QRVWUD 5HJLRQH ULJXDUGHUDQQR VLD DVSHWWL VFLHQWLILFL FKH
BBBB
IRUPDWLYLGLYXOJDWLYL VHWWRUL FKH EHQFRQLXJDQROH HVSHULHQ]H H OH
B
SURIHVVLRQDOLWj GHOOH GXH IRQGD]LRQL SHUDOWUR JLj FRQGLYLVH QHOOD
BB
SDUWHFLSD]LRQH QHL SURJHWWL 5HJLRQDOL ,1)($ ,1)RUPD]LRQH (GX
BB
FD]LRQH $PELHQWDOH FRQ SDUWLFRODUH ULIHULPHQWR DOOD QXRYD FR
BB
VWLWX]LRQH GHO &($6²3ROR$GULDWLFR
/D QXRYD )RQGD]LRQH VDSUj EHQ LQWHUSUHWDUH L SURVVLPL VFHQDUL
BBB
RSSRUWXQLWj H L UHODWLYL LPSHJQL FKH VL VWDQQR DSUHQGRVXO IURQWH
B
FRPXQLWDULR H QD]LRQDOH LQ PDWHULD GL6WUDWHJLD 0DULQD GRYHRF
B
FRUURQR XQ LQVLHPH GLFRPSHWHQ]H FRPSOHVVH DUWLFRODWH H PXOWL
B
GLVFLSOLQDUL
/D QXRYD)RQGD]LRQH JDUDQWLUj XQOLYHOOR GLVXSSRUWR SLDYDQ]D
B
WR H SRWUj WUD O·DOWUR SURSRUVLXOWHULRUPHQWH SHUUXROL LPSRUWDQWL
BB
QHOOH PDWHULH LQHUHQWL ORVYLOXSSRWHFQRORJLFR HGDOWD IRUPD]LRQH
/·RSSRUWXQLWj GL FRQLXJDUH DVSHWWL FRQQHVVL DOOD ULFHUFD H DO FRQ
BB
WUROOR FRQ WHPL LQHUHQWL OD IRUPD]LRQH H O·HGXFD]LRQH DPELHQWDOH
B
SXzFRVWLWXLUH XQLQGXEELRSXQWR GLIRU]DLQ XQVHWWRUH VLQRDGR
B
UDSRFRVYLOXSSDWR
/D SDUWHFLSD]LRQH DOOH GXH IRQGD]LRQL HVLVWHQWL SHU ORUR QDWXUD
BBB
VWDWXWDULD QRQUDSSUHVHQWD SHU JOL HQWL IRQGDWRUL XQEHQH´YHQGL
B
ELOHµ H TXLQGL XQ YDORUH HFRQRPLFR FRQIURQWDELOH SRLFKp LO IDU
BBBB
SDUWH GHOOD IRQGD]LRQH IRQGDPHQWDOPHQWH FRPSRUWDGHJOL LPSHJQL
B
ILQDQ]LDUL DQQXDOL H OD FHUWH]]D GL QRQ ULFHYHUH DOFXQ GLYLGHQGR
BB
HRULPERUVRGHOFDSLWDOH YHUVDWR
&RQ WDOH SUHPHVVD VL q VFHOWR LO FULWHULR GHOOD ´FRQWLQXLWj GHL YD
BB
ORUL FRQWDELOLµ SUHVHQWL QHL ELODQFL GHOOH GXH IRQGD]LRQL VHQ]D R
BB
SHUDUH DOFXQD SHUL]LD VXL EHQL VWUXPHQWDOL SUHVHQWL FKH DYUHEEH
B
FRPSRUWDWR VROR XQ DXPHQWR GHL FRVWL VHQ]D DOFXQ EHQHILFLR SHU
BB
JOLHQWL SDUWHFLSDQWL
1RQ F·qDOFXQ UDSSRUWR GLFDPELRGDYDOXWDUH H TXLQGLQRQVRQR
BB
LQGLFDWL LUHODWLYL FULWHUL GLGHWHUPLQD]LRQH
'RSR EUHYH GLVFXVVLRQH LO 3UHVLGHQWH PHWWH TXLQGLDL YRWLLO VXG
B
GHWWRRUGLQH GHO JLRUQR
H LO &RQVLJOLR GL $PPLQLVWUD]LRQH GHOOD )21'$=,21( &(59,$
BBBB
$0%,(17( YLVWR O
DUWLFROR GHO YLJHQWH 6WDWXWR H XGLWD OD UHOD
BB
]LRQHGHO3UHVLGHQWH
35(62$772
FKH VRQR VWDWL UHGDWWL GDJOL DPPLQLVWUDWRUL GHOOH )RQGD]LRQL
BBBBB
SDUWHFLSDQWL DOOD IXVLRQH L SURJHWWL GL IXVLRQH GL FXL DOO·DUW BBB
WHU FF
FKH HQWUDPEL D QRUPD GHO PHGHVLPR DUW WHU FF VRQR
BBBB
VWDWL SXEEOLFDWLQHO VLWR LQWHUQHW LVWLWX]LRQDOH GHOOH GXHIRQGD]LR
B
QL FRQ PRGDOLWj DWWH D JDUDQWLUH OD VLFXUH]]D GHL VLWL PHGHVLPL
BB
O·DXWHQWLFLWj GHL GRFXPHQWL H OD FHUWH]]D GHOOD GDWD GLSXEEOLFD
BB
]LRQH
FKH D QRUPD GHOO·DUW VHSWLHV FF WXWWL L GRFXPHQWL VRQR
BB
VWDWL SXEEOLFDWLQHO VLWR LQWHUQHW LVWLWX]LRQDOH HVRQRVWDWL LQROWUH
B
GHSRVLWDWLSUHVVRODVHGH GHOOH GXHIRQGD]LRQL
FKH LO SURJHWWRGLIXVLRQH FRQWLHQH WXWWH OH LQGLFD]LRQL SUHVFULWWH
B
GDOO·DUW WHU GHO &RGLFH &LYLOH HFFH]LRQ IDWWD LQ RVVHTXLR DO
BB
GLVSRVWRGHO FLWDWR DUWLFROR GLTXDQWR DL QXPHUL HGHO
B
SULPRFRPPD
FKH QRQVL UHQGH QHFHVVDULR GHWHUPLQDUH LO UDSSRUWRGLFDPELR
B
SRLFKq WUDWWDVL GL IXVLRQH GL SHUVRQH JLXULGLFKH H QRQ VL VRFLHWj
BBB
GLFDSLWDOL
FKH OH RSHUD]LRQL HIIHWWXDWH GDOOD IRQGD]LRQH LQFRUSRUDQGD VD
BBB
UDQQR LPSXWDWH DO ELODQFLRGHOOD IRQGD]LRQH LQFRUSRUDQWH D GHFRU
B
UHUH GDO JHQQDLR H JOLHIIHWWL ILVFDOL GHOOD )XVLRQH GHFRUUH
B
UDQQRGDOJHQQDLR FKH DL SURJHWWL GL IXVLRQH q VWDWR DOOHJDWR LO WHVWR GHOOR 6WDWXWR
BBB
VRFLDOH GHOOD LQFRUSRUDQWH FRPH QDVFHQWH LQ GLSHQGHQ]D GHOOD
BBBB
IXVLRQH
FKH OD SURSRVWDGLIXVLRQH DYYLHQH VXOOD EDVH GHOOH ULVSHWWLYH VL
B
WXD]LRQL SDWULPRQLDOL DO WUHQWXQR GLFHPEUH GXHPLOD
BBB
WUHGLFL
YLVWRHG DSSURYDWRLO SURJHWWRGLIXVLRQH FKH SUHYLDVRWWRVFUL]LR
B
QH GHO FRPSDUHQWH H GLPH 1RWDLRLQ VHJQRGLDSSURYD]LRQHVL DO
B
OHJD DO SUHVHQWH DWWR VRWWROD OHWWHUD $ DIDUQH SDUWH LQWHJUDQWH
B
HVRVWDQ]LDOH
DOO
XQDQLPLWj GHL YRWLHVSUHVVL SHUDO]DWD GLPDQR
'(/,%(5$
GLDSSURYDUHOD IXVLRQH SHULQFRUSRUD]LRQHQHOOD )21'$=,2
B
1( &(1752 5,&(5&+( 0$5,1( GHOOD )21'$=,21( &(59,$
BBB
$0%,(17(VXOOD EDVH GHOOH ULVXOWDQ]H GHOOH ULVSHWWLYH VLWXD]LRQL
B
SDWULPRQLDOL DOGLFHPEUH GLDSSURYDUHLO QXRYRWHVWR GL6WDWXWRFKH UHJROHUj OD)RQGD]LR
B
QH D VHJXLWR GHOO
DSSURYD]LRQH GHOOD SUHVHQWH GHOLEHUH H GL TXHOOD
B
GHOOD )RQGD]LRQH LQFRUSRUDQGD FKH SUHYLD VRWWRVFUL]LRQH GHO
BBBBB
FRPSDUHQWH H GL PH 1RWDLR LQ VHJQR GLDSSURYD]LRQH VL DOOHJD DO
BB
SUHVHQWH DWWR VRWWR OD OHWWHUD % D IDUQH SDUWH LQWHJUDQWH H VR
BBB
VWDQ]LDOH
GLVWDELOLUH FKH JOL HIIHWWL GHOOD IXVLRQH GHFRUUHUDQQR GDOOD GDWD
B
GL DSSURYD]LRQH GD SDUWH GHOOH &RPSHWHQWL $XWRULWj GL 9LJLODQ]D
BBB
GHOOH GHOLEHUH GL IXVLRQH VHSSXUHJOL HIIHWWL FRQWDELOL GHFRUUHUDQ
B
QR GDOO
XQR JHQQDLR GXHPLODTXDWWRUGLFL H JOL HIIHWWL IL
BB
VFDOL GHOOD )XVLRQH GHFRUUHUDQQR GDOO
XQR JHQQDLR GXH
B
PLODTXDWWRUGLFL
GLFRQIHULUH DO 3UHVLGHQWH GHOOD )RQGD]LRQH RJQLSLDPSLRSR
B
WHUH SHUFKq SRVVD GDUH HVHFX]LRQH DOOD SUHVHQWH GHOLEHUD]LRQH
BBB
LQWHUYHQHQGR LQ RJQL DWWR LQHUHQWH H FRQVHJXHQWH SURYYHGHQGR
BB
LQ JHQHUH D WXWWRTXDQWR ULFKLHVWR SHUODFRPSOHWDDWWXD]LRQH GHO
B
OH GHOLEHUD]LRQL GLFXLVRSUD
&RPH SXUHDFFHUWDWR GDO 3UHVLGHQWH WDOH WHVWR GLGHOLEHUD]LRQH q
B
DSSURYDWRDOO
XQDQLPLWj
1XOO
DOWUR HVVHQGRYL D GHOLEHUDUH LO 3UHVLGHQWH GDWR FRQWR GHJOL
BBB
HVLWL UHODWLYL DOO
DFFHUWDPHQWR GHOOD UHJRODULWj GHOOD FRVWLWX]LRQH
BB
GHOO·LGHQWLWj H GHOOD OHJLWWLPD]LRQH GHL SUHVHQWL GHOOR VYROJLPHQWR
B
UHJRODUH GHOO·$VVHPEOHD H GHL ULVXOWDWL GHOOH YRWD]LRQL HIIHWWXDWH
BBB
SHUDO]DWD GLPDQRSURFODPDWL L ULVXOWDWL GHOOD YRWD]LRQH GLFKLDUD
B
FKLXVDO
DVVHPEOHD DOOH TXLQGLFLHPLQXWLYHQWLVHL
/H VSHVH GHO SUHVHQWH DWWR H FRQVHJXHQWL VRQR DFDULFR GHOOD IRQ
B
GD]LRQHLQFRUSRUDQWH
3HU LO SUHVHQWH DWWR H OH IRUPDOLWj UHODWLYH GLUHJLVWUD]LRQH YROWX
B
UDH WUDVFUL]LRQH O
LPSRVWD GL EROOR q VWDWD DVVROWD DL VHQVL GHO
BBB
O
DUWLFROR TXLQTXLHV GHO 'HFUHWR /HJLVODWLYR GLFHPEUH BBB
Q FRVu FRPH PRGLILFDWR GDO 'HFUHWR /HJLVODWLYR JHQQDLR
BBB
QXPHUR
,O FRPSDUHQWH FKH GLFKLDUD GL FRQRVFHUQH LO FRQWHQXWR KD H
BBBBB
VSUHVVDPHQWH GLVSHQVDWRPH1RWDLRGDOODOHWWXUD GHJOL DOOHJDWL
,O
SUHVHQWH DWWR VFULWWR LQ SDUWH GLPLD PDQRHLQSDUWH GDWWLORVFULW
B
WR GD SHUVRQD GLPLD ILGXFLD VXTXDWWRUGLFL SDJLQH GLTXDWWURIR
BB
JOLqVWDWRGDPH1RWDLROHWWR DOFRPSDUHQWL FKH ORKDDSSURYDWR
6RWWRVFULWWR DOOH RUHTXLQGLFLHPLQXWLWUHQWD
)LUPDWR 5LQDOGL $WWLOLR 0DUFR*RULQRWDLR
Registrato a Cesena in data 5 giugno 2014 al numero 3513 serie 1T. =============
======== Certificazione di conformità di copia digitale a originale analogico =======
(art. 22 del D.Lgs. 7 marzo 2005, n. 82 e art. 68-ter, legge 16 febbraio 1913, n. 89). ==
Io sottoscritto, dottor MARCO GORI, Notaio in Cesenatico, iscritto presso il Collegio Notarile dei Distretti Riuniti di Forlì e Rimini ===============================
__
======================== CERTIFICO, ========================
mediante apposizione al presente file della mia firma digitale (dotata di certificato di vigenza fino al 19 settembre 2014,_rilasciato dal Consiglio Nazionale del Notariato Certifi__
cation Authority), che la presente copia, composta da numero quarantadue pagine, con__
_
tenuta in un supporto informatico, è conforme al documento originale analogico nei
miei_rogiti, firmato a norma di legge. =================================
______
Per il presente atto l'imposta di bollo è stata assolta ai sensi dell'articolo 4 quinquies del
Decreto Legislativo 18 dicembre 1997, n. 466, così come modificato dal Decreto Legislati__
vo 18 gennaio 2000 numero 9. =====================================
_
In Cesenatico, nel mio Studio sito in Piazza Ubaldo Comandini numero 17, dieci giugno
duemilaquattordici. =================================================
__

manifestazione di interesse investitori indipendenti

Salini Impregilo: ad, mode