Loading...
HomeMy WebLinkAbout2010-11-30 CONCOM-min 0,187(6±/(;,1*721&216(59$7,21&2000,66,211RYHPEHU &RPPLVVLRQHUVSUHVHQW-R\FH0LOOHU6WHZ.HQQHG\'LFN:RON3KLO+DPLOWRQ'XNH%LWVNR &KDUOLH:\PDQ'DYLG/DQJVHWK   2WKHUVSUHVHQW.DUHQ0XOOLQV&RQVHUYDWLRQ$GPLQLVWUDWRU/RXLVH9LQFL&RQVHUYDWLRQ&OHUN -R\FH0LOOHURSHQHGWKHPHHWLQJDWSPLQ5RRP*7RZQ2IILFH%XLOGLQJ SP+HDULQJ$15$'$GDPV6WUHHW '(3%/0DS/RW 0RWLRQPDGHDQGVHFRQGHGWRFRQWLQXHKHDULQJDWWKHDSSOLFDQW¶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±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¶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±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¶V0HPRUDQGXP )RRW%XIIHU&DOFXODWLRQV 'RPLQLF5LQDOGLZHQWRYHUFRPPHQWVIURPWKH'HFHPEHUKHDULQJDVZHOODV UHVSRQVHVVXEPLWWHG &RPPHQWVIURPWKH&RPPLVVLRQIROORZ'XNH%LWVNRLQTXLUHGDERXWPRUHQDWLYH SODQWLQFOXGHGLQODQGVFDSLQJSODQDQGUHTXHVWHGWKHVXEPLVVLRQRIDUHYLVHGSODQ 0RWLRQPDGHDQGVHFRQGHGWRFRQWLQXHKHDULQJWR-DQXDU\DWWKH DSSOLFDQW¶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¶VH[SHQVH 3DJHRI 0,187(6±/(;,1*721&216(59$7,21&2000,66,210((7,1*1RYHPEHU 0RWLRQPDGHDQGVHFRQGHGWRDSSURYHGULYHZD\H[WHQVLRQDVORQJDVLWZLOOQRW KDYHDGYHUVHHIIHFWVRQWKH/$1'JUDQW6WHZ.HQQHG\DQG'LFN:RON DJDLQVW /DQG8VH5HTXHVW:KLSSOH+LOO .DUHQ0XOOLQVGHVFULEHGDUHTXHVWIURP-RVK.DW]PDWRKROGDUXQQLQJHYHQWDW :KLSSOH+LOO&RQVHUYDWLRQ$UHD7KH&RPPLVVLRQDVNHGIRUUHFRPPHQGDWLRQV IURPWKH&RQVHUYDWLRQ/DQG6WHZDUG'LUHFWRU 5HSRUWV:LOODUG¶V:RRGV8SGDWHV $GPLQLVWUDWRU0XOOLQVXSGDWHGWKH&RPPLVVLRQRQUHFHQWUHSRUWVVXUURXQGLQJGRJ LVVXHVDW:LOODUG¶V:RRGV7KH&RPPLVVLRQGLVFXVVHGRSWLRQVLQPRQLWRULQJ DFWLYLWLHVLQWKHFRQVHUYDWLRQDUHDHQIRUFHPHQWRIUHJXODWLRQVDQGNHHSLQJDORJ RIFRPSODLQWV $SSURYH0LQXWHV1RYHPEHU 0RWLRQPDGHDQGVHFRQGHGWRDSSURYHPLQXWHVLQIDYRU $SSURYH0LQXWHV1RYHPEHU 0RWLRQPDGHDQGVHFRQGHGWRDSSURYHPLQXWHVLQIDYRU SP0HHWLQJ$GMRXUQHG 5HVSHFWIXOO\VXEPLWWHGE\ /RXLVH9LQFL &RQVHUYDWLRQ&OHUN 3DJHRI