
(AGENPARL) – mer 19 ottobre 2022 35(0,(5¶6 (&2120,& $'9,625< &281&,/ 21 &203(7,7,9(1(66
&XUW 9RVVHQ FKDLU
&XUW 9RVVHQ
LV WKH SUHVLGHQW DQG &(2 RI 5LFKDUGVRQ,QWHUQDWLRQDO 9RVVHQ LV DQ DFWLYH
PHPEHU RI ERWK WKH EXVLQHVV DQG DUWV FRPPXQLWLHV 9RVVHQ FXUUHQWO VHUYHV DV FKDLU RI WKH
:LQQLSHJ 6PSKRQ 2UFKHVWUD¶V ERDUG RI GLUHFWRUV DQG LV WKH SDVW FKDLU RI WKH 0DQLWRED
%XVLQHVV &RXQFLO WKH 3ULQFH 5XSHUW *UDLQ &RPSDQ DQG WKH 0LVHULFRUGLD +HDOWK &HQWUH +H LV
DOVR D ERDUG PHPEHU RQ WKH %XVLQHVV &RXQFLO RI &DQDGD DQG WKH 5DEREDQN 1RUWK $PHULFDQ
$GYLVRU %RDUG DQG LV D WUXVWHH WR WKH 5LFKDUGVRQ )RXQGDWLRQ 9RVVHQ JUDGXDWHG IURP WKH
8QLYHUVLW RI 6DVNDWFKHZDQ ZLWK D EDFKHORU RI DUWV (QJOLVK DQG D EDFKHORU RI VFLHQFH
$JULFXOWXUDO (FRQRPLFV
%UDP 6WUDLQ
%UDP 6WUDLQ
LV WKH SUHVLGHQW DQG &(2 RI WKH %XVLQHVV &RXQFLO RI 0DQLWRED 6WUDLQ VHUYHG DV
SDVW SUHVLGHQW RI WKH *UHHQGHOO 3DUN &RPPXQLW &HQWUH DQG LV D FXUUHQW ERDUG PHPEHU RI WKH
$VVLQLERLQH 3DUN &RQVHUYDQF 6WUDLQ LV WKH IRUPHU GHSXW PLQLVWHU RI 0DQLWRED,QIUDVWUXFWXUH
DQG (GXFDWLRQ DQG 7UDLQLQJ 6WUDLQ UHFHLYHG KLV EDFKHORU RI DUWV IURP %UDQGRQ 8QLYHUVLW
'DQLHO )ULHGPDQ
'DQLHO )ULHGPDQ
LV WKH SUHVLGHQW DQG &(2 RI 3DYLOLRQ )LQDQFLDO &RUSRUDWLRQ )ULHGPDQ LV WKH
IRUPHU PDQDJLQJ GLUHFWRU RI D SULYDWH HTXLW IXQG DQG ZDV H[HFXWLYH YLFHSUHVLGHQW DW $VVDQWH
&RUSRUDWLRQ )ULHGPDQ LV D GLUHFWRU RQ WKH ERDUG RI WKH 3OXJ,Q,QVWLWXWH RI &RQWHPSRUDU $UW
DQG :LQQLSHJ 6PSKRQ 2UFKHVWUD )ULHGPDQ KROGV D EDFKHORU RI ODZ GHJUHH IURP 7HO $YLY
8QLYHUVLW DQG D PDVWHUV RI EXVLQHVV DGPLQLVWUDWLRQ GHJUHH IURP WKH 8QLYHUVLW RI 0DQLWRED
'DQ 0F&RQQHOO
'DQ 0F&RQQHOO
LV WKH &(2 RI WKH 1RUWK :HVW &RPSDQ 0F&RQQHOO KDV EHHQ DQ HPSORHH RI
WKH 1RUWK :HVW &RPSDQ IRU RYHU  HDUV MRLQLQJ LQ  LQ WKH UROH RI PDQDJHU UHDO HVWDWH
DQG VWRUH GHYHORSPHQW DQG TXLFNO DGYDQFLQJ WR KROG PXOWLSOH SRVLWLRQV RYHU WKH HDUV
LQFOXGLQJ H[HFXWLYH YLFHSUHVLGHQW DQG FKLHI GHYHORSPHQW RIILFHU 0F&RQQHOO LV D ERDUG
PHPEHU RI WKH 1RUWK :HVW &RPSDQ 7UDQVSRUW 1DQXN DQG 8QLWHG *URFHUV,QF DQG KDV
UHFHLYHG VHYHUDO LQGXVWU DQG FRPPXQLW UHFRJQLWLRQV RYHU WKH HDUV 0F&RQQHOO UHFHLYHG D
EDFKHORU RI DUWV IURP WKH 8QLYHUVLW RI :LQQLSHJ DQG DQ 0%$ IURP $EHUVWZWK 8QLYHUVLW
••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••
-DPLH %URZQ
-DPLH %URZQ LV WKH IRXQGLQJ &(2 RI )UDQWLF )LOPV %URZQ LV WKH FUHDWRU SURGXFHU DQG
H[HFXWLYH SURGXFHU RI PDQ VXFFHVVIXO ILOP DQG 79 SURMHFWV DQG KDV ZRQ RYHU  DZDUGV
%URZQ LV D IRUPHU ODZHU ZLWK 0F0LOODQ //3 7RURQWR ZKHUH KH IRFXVHG RQ FRUSRUDWH ILQDQFH
DQG HQWHUWDLQPHQW ODZ %URZQ LV WKH ILUVW UHFLSLHQW RI WKH /LRQV *DWH LQQRYDWLYH SURGXFHU
DZDUG RQH RI &DQDGD¶V 7RS  8QGHU  D UHFLSLHQW RI WKH,+ $VSHU EURDGFDVW HQWUHSUHQHXU
RI WKH IXWXUH DZDUG DQG ZDV QDPHG WKH &DQDGLDQ )LOP DQG 7HOHYLVLRQ 3URGXFWLRQ $VVRFLDWLRQ¶V
HQWUHSUHQHXU RI WKH HDU LQ  %URZQ LV WKH SDVW FKDLU RI WKH &DQDGLDQ 0HGLD 3URGXFHUV
$VVRFLDWLRQ &DQDGD¶V 1DWLRQDO 6FUHHQ,QVWLWXWH DQG 2QVFUHHQ 0DQLWRED %URZQ DOVR VHUYHV
RQ WKH ERDUG RI WKH 0DQLWRED %XVLQHVV &RXQFLO &DQFHU&DUH )RXQGDWLRQ 0DQLWRED DQG WKH
$VVLQLERLQH 3DUN &RQVHUYDQF
'DUUO /HY
'DUUO /HY LV SUHVLGHQW DQG &(2 RI :QZDUG,QVXUDQFH *URXS D VXEVLGLDU RI -DPHV
5LFKDUGVRQ 6RQV 3ULRU WR MRLQLQJ :QZDUG /HY ZDV SUHVLGHQW RI :HVWHUQ &DQDGD DQG
2QWDULR UHJLRQV DW 5RJHUV &RPPXQLFDWLRQV DQG VHUYHG LQ YDULRXV VHQLRU H[HFXWLYH SRVLWLRQV
/HY LV FKDLUPDQ RI WKH %XVLQHVV &RXQFLO RI 0DQLWRED D WUXVWHH RI WKH 5LFKDUGVRQ )RXQGDWLRQ
DQG D ERDUG GLUHFWRU RI )3 1HZVSDSHUV,QF +H KDV VHUYHG DV D PHPEHU RI WKH :LQQLSHJ
UHJLRQ 8QLWHG 😀 FDELQHW VLQFH  LQ YDULRXV FKDLU FDSDFLWLHV +H KDV DOVR VHUYHG RQ WKH
ERDUGV RI WKH :LQQLSHJ %OXH %RPEHUV -XQLRU $FKLHYHPHQW RI 0DQLWRED WKH 8QLYHUVLW RI
:LQQLSHJ¶V IDFXOW RI EXVLQHVV H[HFXWLYH DGYLVRU ERDUG DQG 7HOO 8V $ERXW 8V D :LQQLSHJ
EDVHG WHOHVHUYLFH FRPSDQ /HY LV DOVR D PHPEHU RI WKH :RUOG 3UHVLGHQWV 2UJDQL]DWLRQ
&KXFN 'DYLGVRQ
&KXFN 'DYLGVRQ KDV EHHQ WKH SUHVLGHQW DQG &(2 RI WKH 0DQLWRED &KDPEHUV RI &RPPHUFH
0&& VLQFH  WKH ODUJHVW EXVLQHVV RUJDQL]DWLRQ LQ WKH SURYLQFH UHSUHVHQWLQJ  ORFDO
FKDPEHUV RI FRPPHUFH DQG QHDUO  RUJDQL]DWLRQV WKURXJKRXW 0DQLWRED 8QGHU
'DYLGVRQ¶V OHDGHUVKLS 0&& KDV VHHQ D UHQHZHG IRFXV RQ SROLF DQG DGYRFDF DV WKH YRLFH RI
EXVLQHVV LQ 0DQLWRED DQG KDV EHHQ UHFRJQL]HG DV DQ DFFUHGLWHG FKDPEHU RI FRPPHUFH ZLWK
GLVWLQFWLRQ 'DYLGVRQ ZDV DSSRLQWHG DV FRFKDLU RI WKH QHZO HVWDEOLVKHG 5XUDO 0DQLWRED
(FRQRPLF 'HYHORSPHQW &RUSRUDWLRQ,Q DGGLWLRQ 'DYLGVRQ FKDLUV WKH PLOOLRQ 0DQLWRED
0LQHUDO 'HYHORSPHQW )XQG LV D ERDUG PHPEHU RI WKH &RPPXQLW (FRQRPLF 'HYHORSPHQW
)XQG DQG VHUYHV DV FRFKDLU RI 7UDYHO 0DQLWRED¶V SURYLQFLDO WRXULVP VWUDWHJ 'DYLGVRQ LV
FXUUHQWO SUHVLGHQW RI WKH &KDPEHU RI &RPPHUFH *URXS,QVXUDQFH 3ODQ DQG SDVW FKDLU RI WKH
&DQDGLDQ &KDPEHU RI &RPPHUFH $FFUHGLWDWLRQ &RXQFLO DV ZHOO DV D IRUPHU SUHVLGHQW RI WKH
6RXWK :LQQLSHJ &RPPXQLW &HQWUH
7DQD /D%XLFN
7DQD /D%XLFN LV SULQFLSDO DQG IRXQGHU RI /D%XLFN &R DQG LV &22 DQG HTXLW SDUWQHU DW
&: &RQVWUXFWLRQ DQG 'HVLJQ /WG DQG *XDUGLDQ )HQFLQJ /WG /D%XLFN LV WKH SUHVLGHQW RI WKH
%UDQGRQ &KDPEHU RI &RPPHUFH IRUPHU FKDLU RI WKH %UDQGRQ 1HLJKERXUKRRG 5HQHZDO
&RUSRUDWLRQ DQG D IRUPHU ERDUG PHPEHU RI WKH .HVWRQH &HQWUH 6KH ZDV DZDUGHG WKH
0DQLWRED  DZDUG LQ  IRU KHU YROXQWHHU HIIRUWV DQG OLIHORQJ FRPPLWPHQW WR KHU
FRPPXQLW /D%XLFN KROGV D EDFKHORU RI DUWV LQ VRFLRORJ IURP WKH 8QLYHUVLW RI 0DQLWRED D
PDVWHU FRDFK FHUWLILFDWLRQ IURP %HKDYLRXUDO &RDFKLQJ,QVWLWXWH DQG D SURMHFW PDQDJHPHQW
SURIHVVLRQDO FHUWLILFDWH IURP 3URMHFW 0DQDJHPHQW,QVWLWXWH
0DUN -RQHV
0DUN -RQHV LV D SDUWQHU ZLWK 2ODIVRQ -RQHV &KDUWHUHG 3URIHVVLRQDO $FFRXQWDQWV,QF -RQHV
LV DFWLYHO VHUYLQJ DV FKDLU DW WKH :LQQLSHJ &KDPEHU RI &RPPHUFH DQG D WUHDVXUHU ERDUG RI
GLUHFWRUV IRU WKH 0DQLWRED +RFNH +DOO RI )DPH -RQHV KDV VHUYHG RQ WKH ERDUG RI &3$
0DQLWRED &*$ 0DQLWRED DQG LV D &KDUWHUHG 3URIHVVLRQDO $FFRXQWDQW 0DQLWRED
'DQD 6SLULQJ
'DQD 6SLULQJ LV WKH SUHVLGHQW DQG &(2 RI (FRQRPLF 'HYHORSPHQW :LQQLSHJ,QF 6SLULQJ LV
WKH IRUPHU FKLHI VWUDWHJ RIILFHU DQG JHQHUDO FRXQVHO IRU WKH &DQDGLDQ :KHDW %RDUG 6SLULQJ
FXUUHQWO VHUYHV DV D ERDUG PHPEHU RI :LQSDN /WG LV IRUPHU FKDLU RI WKH :LQQLSHJ )RRWEDOO
&OXE¶V ERDUG RI GLUHFWRUV DQG WKH ILUVW ZRPDQ WR VHUYH RQ WKH &DQDGLDQ )RRWEDOO /HDJXH¶V
ERDUG RI JRYHUQRUV 6SLULQJ KROGV D EDFKHORU RI ODZV DQG EDFKHORU RI DUWV IURP WKH 8QLYHUVLW RI
0DQLWRED DQG KDV SDUWLFLSDWHG LQ WKH GLUHFWRUV HGXFDWLRQ SURJUDP ZLWK WKH 5RWPDQ 6FKRRO RI
0DQDJHPHQW DW WKH 8QLYHUVLW RI 7RURQWR
-RKQ +HLPEHFNHU
-RKQ +HLPEHFNHU
LV YLFHSUHVLGHQW DW 3DUULVK +HLPEHFNHU DQ DJULEXVLQHVV FRPSDQ
KHDGTXDUWHUHG LQ :LQQLSHJ +HLPEHFNHU KDV VHUYHG DV SDVW SUHVLGHQW RI WKH &DQDGD 3RUWV
&OHDUDQFH $VVRFLDWLRQ SDVW SUHVLGHQW RI :LQQLSHJ &RPPRGLW &OHDULQJ /WG GLUHFWRU RI 0DUWLQ
0LOOV /WG FKDLUPDQ RI WKH :LQQLSHJ &RPPRGLW ([FKDQJH IHHG JUDLQV FRPPLWWHH DQG GLUHFWRU
RI 6PLWK %URNHUDJH /WG +HLPEHFNHU KDV DOVR VHUYHG DV DQ LQGHSHQGHQW GLUHFWRU RI &HUHV
*OREDO $J &RUS DQG DV SUHVLGHQW RI WKH :HVWHUQ *UDLQ (OHYDWRU $VVRFLDWLRQ
7$; &203(7,7,9(1(66 :25.,1* *5283
&DPHURQ )ULHVHQ &KDLU
&DPHURQ )ULHVHQ LV ILQDQFH PLQLVWHU DQG FKDLU RI WKH WUHDVXU ERDUG IRU WKH 0DQLWRED
JRYHUQPHQW
.HYLQ 3ORHJPDQ
.HYLQ 3ORHJPDQ LV D SDUWQHU DW )RUW *URXS &KDUWHUHG 3URIHVVLRQDO $FFRXQWDQWV 3ORHJPDQ
HDUQHG KLV EDFKHORU RI FRPPHUFH KRQRXUV GHJUHH IURP WKH 8QLYHUVLW RI 0DQLWRED LQ ,Q
2FWREHU  3ORHJPDQ EHFDPH D PHPEHU RI WKH &KDUWHUHG 3URIHVVLRQDO $FFRXQWDQWV RI
&DQDGD E UHFHLYLQJ KLV &KDUWHUHG 3URIHVVLRQDO $FFRXQWDQW &3$ &$ GHVLJQDWLRQ DQG LQ
 KH FRPSOHWHG WKH &3$ &DQDGD LQGHSWK WD[ SURJUDP WR FRPSOHPHQW KLV DVVXUDQFH DQG
EXVLQHVV DGYLVRU VNLOOV
0DUN -RQHV
0DUN -RQHV LV D SDUWQHU ZLWK 2ODIVRQ -RQHV &KDUWHUHG 3URIHVVLRQDO $FFRXQWDQWV,QF -RQHV
LV DFWLYHO VHUYLQJ DV FKDLU DW WKH :LQQLSHJ &KDPEHU RI &RPPHUFH DQG D WUHDVXUHU ERDUG RI
GLUHFWRUV IRU WKH 0DQLWRED +RFNH +DOO RI )DPH -RQHV KDV VHUYHG RQ WKH ERDUG RI &3$
0DQLWRED &*$ 0DQLWRED DQG LV D &KDUWHUHG 3URIHVVLRQDO $FFRXQWDQW 0DQLWRED
$O %DELXN
$O %DELXN
LV WKH SUHVLGHQW DQG &(2 DW /RHZHQ LQ 6WHLQEDFK %DELXN ILUVW MRLQHG /RHZHQ LQ
 DV FKLHI ILQDQFLDO RIILFHU DQG WUHDVXUHU %DELXN LV D IRUPHU YLFHSUHVLGHQW DQG WUHDVXUHU DW
,QYHVWRUV *URXS %DELXN LV FXUUHQWO VHUYLQJ DV FRFKDLU IRU WKH %XVLQHVV &RXQFLO RI 0DQLWRED¶V
HFRQRPLF FRPSHWLWLYHQHVV FRPPLWWHH %DELXN KROGV D EDFKHORU RI FRPPHUFH LQ DFFRXQWLQJ
DQG ILQDQFH IURP WKH 8QLYHUVLW RI 0DQLWRED LV D IHOORZ RI WKH &KDUWHUHG 3URIHVVLRQDO
$FFRXQWDQW GHVLJQDWLRQ &3$ &DQDGD D FKDUWHUHG GLUHFWRU &'LU GHVLJQDWLRQ DQG LV D
FHUWLILHG SURIHVVLRQDO DFFRXQWDQW RI WKH 8QLWHG 6WDWHV
.DWKOHHQ &RRN
.DWKOHHQ &RRN LV WKH SURYLQFLDO GLUHFWRU IRU 0DQLWRED 6DVNDWFKHZDQ DQG WKH 1RUWK &DQDGLDQ
)HGHUDWLRQ RI,QGHSHQGHQW %XVLQHVV &),% &RRN KHOSV OHDG WKH DGYRFDF UHVHDUFK SROLF
DQDOVLV DQG FRPPXQLFDWLRQ DFWLYLWLHV RQ LVVXHV DIIHFWLQJ VPDOO DQG PHGLXPVL]HG
EXVLQHVVHV DFURVV WKH UHJLRQ 3ULRU WR MRLQLQJ &),% LQ  &RRN DFFXPXODWHG D UDQJH RI
H[SHULHQFH ZRUNLQJ DW ERWK PXQLFLSDO DQG SURYLQFLDO OHYHOV RI JRYHUQPHQW LQ SROLF VWUDWHJ
DQG FRPPXQLFDWLRQV &RRN DOVR KHOG D VHQLRU OHDGHUVKLS UROH ZLWK D ODUJH QRQSURILW 6KH KROGV
D EDFKHORU RI DUWV LQ SROLWLFDO VFLHQFH IURP WKH 8QLYHUVLW RI :LQQLSHJ
7UHYRU 6SUDJXH
7UHYRU 6SUDJXH LV D SDUWQHU ZLWK 013 //3 UHVSRQVLEOH IRU SURYLGLQJ &DQDGLDQ DQG FURVV
ERUGHU WD[ VHUYLFHV 6SUDJXH KDV SUHYLRXVO VHUYHG DV FKDLUPDQ RI WKH :LQQLSHJ &KDPEHU RI
&RPPHUFH D GLUHFWRU RI WKH )UHVKZDWHU )LVK 0DUNHWLQJ &RUSRUDWLRQ WKH KRQRUDU WUHDVXUHU RI
6W -RKQ
V5DYHQVFRXUW 6FKRRO DQG D JRYHUQRU RI WKH &DQDGLDQ 7D[ )RXQGDWLRQ 6SUDJXH LV D
FKDUWHUHG SURIHVVLRQDO DFFRXQWDQW ZLWK D EDFKHORU RI DUWV KRQRXUV EXVLQHVV DGPLQLVWUDWLRQ
IURP WKH 5LFKDUG,YH 6FKRRO RI %XVLQHVV DW WKH 8QLYHUVLW RI :HVWHUQ 2QWDULR
-HVVLFD 'XPDV
-HVVLFD 'XPDV LV WKH SUHVLGHQW RI -HVVLFD 'XPDV &RDFKLQJ DQG 7UDLQLQJ KRVW RI WKH
&RQILGHQFH DQG &RPPXQLFDWLRQ 3RGFDVW DQG WKH IRUPHU FKDLUSHUVRQ IRU WKH :LQQLSHJ
&KDPEHU RI &RPPHUFH DQG WKH,QGLJHQRXV &KDPEHU RI &RPPHUFH 'XPDV LV D PHPEHU RI
WKH &LW RI :LQQLSHJ 0DRU¶V,QGLJHQRXV $GYLVRU &LUFOH DQG D PHPEHU RI .HHVHHNRRZHQLQ
)LUVW 1DWLRQ LQ 7UHDW  6KH LV D FHUWLILHG OLIH FRDFK DQG DGYDQFHG EXVLQHVV GHVLJQ IDFLOLWDWRU
ZLWK FHUWLILFDWLRQV IURP WKH 8QLYHUVLW RI 7RURQWR¶V 5RWPDQ 6FKRRO RI 0DQDJHPHQW DQG
OHDGHUVKLS DQG VWUDWHJ IURP WKH 8QLYHUVLW RI 0DQLWRED
5DQ 3DOPHU
5DQ 3DOPHU
LV D SDUWQHU RI .30* &DQDGD FXUUHQW FKDLU RI WKH &3$ 0DQLWRED WD[ FRPPLWWHH
DQG D SDVW VHVVLRQDO LQVWUXFWRU DW WKH $VSHU 6FKRRO RI %XVLQHVV DW WKH 8QLYHUVLW RI 0DQLWRED
3DOPHU¶V H[SHUWLVH VSDQV PDQ DUHDV RI &DQDGLDQ LQFRPH WD[ LQFOXGLQJ SODQQLQJ DFTXLVLWLRQV
DQG GLYHVWLWXUHV UHRUJDQL]DWLRQV DQG EXVLQHVV VXFFHVVLRQ SODQQLQJ 3DOPHU KDV H[WHQVLYH
ERDUG H[SHULHQFH LQFOXGLQJ EHLQJ WKH FXUUHQW YLFHSUHVLGHQW DQG SDVW WUHDVXUHU RI 3UDLULH
7KHDWUH ([FKDQJH SDVW FKDLU RI &3$ 0DQLWRED )RXQGDWLRQ DQG SDVW WUHDVXUHU RI &RPPXQLW
)LQDQFLDO &RXQVHOLQJ 6HUYLFHV 3DOPHU LV D FKDUWHUHG SURIHVVLRQDO DFFRXQWDQW &3$ DQG D
IDPLO HQWHUSULVH DGYLVHU )($ ZLWK D EDFKHORU RI FRPPHUFH KRQRXUV GHJUHH IURP WKH
8QLYHUVLW RI 0DQLWRED
'DQ .HOO
'DQ .HOO LV WKH SUHVLGHQW DQG &(2 RI WKH &DQDGLDQ )HGHUDWLRQ RI,QGHSHQGHQW %XVLQHVV
&),% ZKLFK UHSUHVHQWV  VPDOO EXVLQHVV RZQHUV DFURVV &DQDGD 3ULRU WR EHFRPLQJ
SUHVLGHQW .HOO VHUYHG DV &),%¶V ZHVWHUQ YLFHSUHVLGHQW LQ &DOJDU DQG DV 0DQLWRED GLUHFWRU
LQ :LQQLSHJ .HOO VSHQW KLV ILUVW  HDUV LQ :LQQLSHJ DQG KROGV D EDFKHORU RI FRPPHUFH
GHJUHH IURP WKH 8QLYHUVLW RI 0DQLWRED