<SEC-DOCUMENT>0001178913-23-002876.txt : 20230815
<SEC-HEADER>0001178913-23-002876.hdr.sgml : 20230815
<ACCEPTANCE-DATETIME>20230815073005
ACCESSION NUMBER:		0001178913-23-002876
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20230815
FILED AS OF DATE:		20230815
DATE AS OF CHANGE:		20230815

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ituran Location & Control Ltd.
		CENTRAL INDEX KEY:			0001337117
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32618
		FILM NUMBER:		231173212

	BUSINESS ADDRESS:	
		STREET 1:		3 HASHIKMA STREET
		CITY:			AZOOR
		STATE:			L3
		ZIP:			58001
		BUSINESS PHONE:		972-3-557-1333

	MAIL ADDRESS:	
		STREET 1:		3 HASHIKMA STREET
		CITY:			AZOOR
		STATE:			L3
		ZIP:			58001
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zk2330176.htm
<DESCRIPTION>6-K
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: ZKG
         Document created using Broadridge PROfile 23.7.1.5162
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">


  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div>
      <div class="BRPFPageHeader" style="font-size: 14pt;">
        <div style="line-height: 1.25;">
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
        </div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Washington, D.C. 20549</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">________________________</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">FORM 6-K</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">REPORT OF FOREIGN ISSUER<font style="font-family: 'Times New Roman',Times,serif;"><br>
        </font>PURSUANT TO RULE 13a-16 OR 15d-16 OF THE<font style="font-family: 'Times New Roman',Times,serif;"><br>
        </font>SECURITIES EXCHANGE ACT OF 1934</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">For the month of August 2023</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Commission File Number 001-32618</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">Ituran Location and Control Ltd.</div>
      <div style="text-align: center; line-height: 1.25; font-style: italic;">(Exact name of Registrant as specified in its Charter)</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">________________________</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">3 Hashikma Street, Azour 58001, Israel</div>
      <div style="text-align: center; line-height: 1.25; font-style: italic;">(Address of Registrant&#8217;s principal executive offices)</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">________________________</div>
      <div style="text-indent: 10.8pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"> <br>
      </div>
      <div style="text-indent: 10.8pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</div>
      <div style="text-indent: 10.8pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"> <br>
      </div>
      <div style="line-height: 1.25; text-align: center;"> Form 20-F &#9746; &#160; &#160; Form 40-F &#9744;</div>
      <div style="line-height: 1.25; text-align: center;"> <br>
      </div>
      <div style="text-indent: 10.8pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"> Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):</div>
      <div style="line-height: 1.25;"> <br>
      </div>
      <div style="line-height: 1.25; text-align: center;">Yes &#9744;&#160;&#160; No &#9746;</div>
      <div style="line-height: 1.25;"> <br>
      </div>
      <div style="text-indent: 10.8pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (7): </div>
      <div style="text-indent: 10.8pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"> <br>
      </div>
      <div style="line-height: 1.25; text-align: center;"> Yes &#9744;&#160;&#160; No &#9746;</div>
      <div style="line-height: 1.25; text-align: center;"> <br>
      </div>
      <div style="text-indent: 10.8pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the
        information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. </div>
      <div style="text-indent: 10.8pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"> <br>
      </div>
      <div style="line-height: 1.25; text-align: center;"> Yes &#9744;&#160;&#160; No &#9746;</div>
      <div style="line-height: 1.25; text-align: center;"> <br>
      </div>
      <div style="line-height: 1.25;">
        <div style="text-indent: 10.8pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): ______</div>
        <div style="text-indent: 10.8pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"> <br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
      </div>
      <div> <br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zef0417d8ece54ad1b580f0beb4401551" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 8pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; text-align: right;">
                <div style="line-height: 1.25; text-align: left;">99.1 <br>
                </div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="line-height: 1.25;">On August 15, 2023, Ituran Location and Control Ltd. issued a press release announcing the dividend record date. A copy of this
                  press release is annexed hereto as Exhibit 99.1.</div>
              </td>
            </tr>

        </table>
        <div> <br>
        </div>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u>SIGNATURE</u></div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be
        signed on its behalf by the undersigned, thereto duly authorized.</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 38%;" colspan="2">ITURAN LOCATION &amp; CONTROL LTD.</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;" rowspan="1">&#160;</td>
              <td valign="top" style="width: 38%; text-align: left;" colspan="2" rowspan="1">
                <div style="margin-left: 9pt">
                  <div style="margin-left: 9pt">
                    <div style="margin-left: 9pt">
                      <div style="margin-left: 9pt">(Registrant)</div>
                    </div>
                  </div>
                </div>
              </td>
              <td valign="top" style="width: 12%;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">&#160;</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;"><br>
              </td>
              <td valign="top" style="width: 3%; padding-bottom: 2px;">
                <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
              </td>
              <td valign="top" nowrap="nowrap" align="left" style="width: 35%; border-bottom: #000000 2px solid">/s/ <font style="font-family: 'Times New Roman',Times,serif;">Eyal Sheratzky</font></td>
              <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" align="left" style="width: 35%;">Name<font style="font-family: 'Times New Roman',Times,serif;">: Eyal Sheratzky</font></td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">Title: <font style="font-family: 'Times New Roman',Times,serif;">Co-Chief Executive Officer</font></td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>

        </table>
      </div>
      &#160;
      <div style="line-height: 1.25;">Date: August 15, 2023</div>
      <div style="line-height: 1.25;"> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u>EXHIBIT INDEX</u></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z75fab567d6744a3d9e20cfd539d9050a">

            <tr>
              <td style="width: 10%;"><u>Exhibit</u></td>
              <td style="width: 90%;"><u><font style="font-family: 'Times New Roman',Times,serif;">Item</font></u></td>
            </tr>
            <tr>
              <td style="width: 10%;">
                <div>&#160;</div>
              </td>
              <td style="width: 90%;">
                <div>&#160;</div>
              </td>
            </tr>
            <tr>
              <td style="width: 10%;"><a href="exhibit_99-1.htm"><font style="font-family: 'Times New Roman',Times,serif;">99.1</font></a></td>
              <td style="width: 90%;"><a href="exhibit_99-1.htm">Press Release, dated August 15<font style="font-family: 'Times New Roman',Times,serif; font-style: italic;">, </font>2023, announcing the dividend record date.</a></td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
    </div>
  </div>


</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit_99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: ZKG
         Document created using Broadridge PROfile 23.7.1.5162
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div style="text-align: right;"><u><font style="font-weight: bold;">Exhibit 99.1</font></u><br>
    </div>
    <div><u><font style="font-weight: bold;"> </font></u><br>
      <div class="BRPFPageHeader">
        <div style="line-height: 1.25;"><img width="185" border="0" height="124" src="image00001.jpg">
          <div><br>
          </div>
        </div>
      </div>
      <div style="line-height: 1.25; font-size: 12pt;">
        <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">ITURAN LOCATION AND CONTROL LTD</div>
      </div>
      <div style="line-height: 1.25; font-size: 12pt;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">ANNOUNCES DISTRIBUTION OF A $3 MILLION DIVIDEND</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Azour, Israel, August 15, 2023</font><font style="font-size: 10pt;"> &#8211; Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.15 per share, totaling approximately US$3 million. The dividend
          will be paid to shareholders of record as of September 27, 2023. The Company will pay the dividend out on October 11, 2023 net of taxes at the rate of 25%<font style="font-family: 'Times New Roman',Times,serif;">.</font></font></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets
        the distribution criteria according to Israeli law. The Board of Directors concluded that the abovementioned distribution will not undermine the Company&#8217;s ability to keep performing in its current course of business or future, plans and is able to
        meet its undertakings when due.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Retained earnings as of June 30, 2023, prior to the distribution was US$186.7 million and retained earnings will reach
        US$183.7 million after the distribution. The Board of Directors emphasized that as of June 30, 2023, the Company had a cash balance in hand of US$34.2 million (this amount is prior to the payment of a dividend of approximately US$3 million which
        was issued for the first quarter 2023 and was paid out in July 2023). The Company also had long-term loan of US$0.3 million and credit from banking institutions of&#160;US$4.1
        million. As of June 30, 2023, the Company&#8217;s current assets (excluding cash and cash equivalents) were in the sum of US$132.3 million and current liabilities were in the sum of US$93.7 million.</div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">About Ituran</div>
      </div>
      <div style="line-height: 1.25;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full
        suite of services for the connected-car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management &amp; control services for vehicles, cargo and personal security for the retail, insurance industry and
        car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the
        development of smart mobility technology.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Ituran's subscriber base has been growing significantly since the Company's inception to over 2 million subscribers using its
        location-based services with a market leading position in Israel and Latin America. Established in 1995, Ituran has approximately 2,700 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the
        United States.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">For more information, please visit Ituran&#8217;s website, at: <font style="color: rgb(0, 0, 255);"><u>www.ituran.com</u></font></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" id="z366bad6554ad42caaf8b14f39e4e486c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 45%; vertical-align: top; font-weight: bold; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">Company Contact</td>
            <td style="width: 10%; vertical-align: top; font-weight: bold; padding-bottom: 2px;" rowspan="1" colspan="1">&#160;</td>
            <td style="width: 45%; vertical-align: top; font-weight: bold; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1">International Investor Relations</td>
          </tr>
          <tr>
            <td style="width: 45%; vertical-align: top;">
              <div style="line-height: 1.25;">Udi Mizrahi</div>
              <div style="line-height: 1.25; color: #0000FF;"><u>udi_m@ituran.com</u></div>
              <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Deputy CEO &amp;VP Finance, Ituran</div>
              <div style="text-align: justify; margin-right: 0.2pt; line-height: 1.25;">&#160;(Israel) +972 3 557 1348</div>
            </td>
            <td style="width: 10%; vertical-align: top;" colspan="1">&#160;</td>
            <td style="width: 45%; vertical-align: top;">
              <div style="line-height: 1.25;">Ehud Helft</div>
              <div style="line-height: 1.25; color: #0000FF;"><u>ituran@ekgir.com</u></div>
              <div style="line-height: 1.25; font-weight: bold;">EK Global Investor Relations</div>
              <div style="line-height: 1.25;">(US) +1 212 378 8040</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;">&#160;
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image00001.jpg
<TEXT>
begin 644 image00001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  8$!08%! 8&!08'!P8("A *"@D)
M"A0.#PP0%Q08&!<4%A8:'24?&ALC'!86("P@(R8G*2HI&1\M,"TH,"4H*2C_
MVP!# 0<'!PH("A,*"A,H&A8:*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H
M*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"C_P  1" "; .@# 2(  A$! Q$!_\0
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MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#ZIHHI#Q0
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M-NV/*C/3)K?KGE"4;.2W.R%6%1M0=[:,****DT"BBB@ HHHH **** "BBB@
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MFW'VNQ@G,,D!D0-Y<@PR^QJS7CRT;1]+!WBG>X4444B@HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** ,KQ'J%WIFER7-A8O?3J0!"AP?K5.XU:^_X
M1&34FTQDO/*+&T?YL'W]1WJYXCN-2M=+DET:U2ZNP1MC<X&/7WJC>:AK,7@^
M2\-DBZL(R3 OS!3Z^_'.*Z:<4XQT6_?^M/,X*\VIS7,_A[:>J=M_(\Y\!^)]
M0G\410_V=:,L[8D,-L$:,>N1_6KGQ4\17EKK@LA96H@C4,DL\ D,F1DX)[#I
M5/P3XF\27/B2*%E-Q'*^)D, 7:/7( Q5WXIZWK=IK0MH8_*L553')Y(;S#CG
MD@]#QBO:=)?7$N1;=_\ @?H?+JNWELG[27Q;\O\ P=OF=+X3UZ^N_ \]\^GH
M)X PCCC3:LH Z@5YGHOBG4%\113QV5E)-)( 8DM54\GH,#(->F^%-6UNY\$S
MW=S:!KZ,,(%*;/, Z';7FVC>)O$)\11M&OG73R /#]G49YY'3(^M3A::O6]Q
M?>:8^LU'#/VDMOY?^#OY:GH?Q2UJ\TS1;;[/9QR+<']Z\L8D6/@<8/&>3^59
MGPDUV]OY+JUELX/(1-XFAA$?S9Z''!K5^)^JZOIVCVQTV'"RG]_((P_E\# P
M<^_/M6;\)]:UG49;B&^C\RR5=RS>4$PV>F0!FN:$%]1<N5>M]3MJ5'_:T8\\
MMMK:;=_^ <EK/B[4QXED=M/LDECEVK$]JK,<'U(S7JVKZWJ5EX?M+VTTB2ZN
MI0I>W5L>7D9.>,^U<WJ'B:^36&'V2W4H^T(T66/X]:Z[7]0N+/PEJ&HPKY5U
M#:/,JL,[6"$C/XUY<,VP^.DH4J=N3??4[<)@JM'VK=9OF\MC0TZ>6YL89IX&
MMY74,T3')4^E6:^2M+^./C2XU"UBDNK,I)(JMBU4<$U]: \#-56HRI/WNIZE
M*:DK+H+1116)J%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4TTZ
MD- '.>'#XA.HWG]MP64=IG]R8?O&N*^*%[XFAUKR[+[7'IP4&)K93\QQSDCO
MG-=OX=C\2+J%V==DLVLR?W(A'S5R/Q,@\52:K&=*-V=/VC:+5B"&[[L<UZN$
M:^LZ\NWR_P"'/GLQ4OJ/N\^__;WS\C;\*W7B*3P5/+>Q,=24-]G\U=K,.V1^
M=><:/J?B\Z_'L;4'N3( \<B'9UYR", 5Z;X=C\1+X)E6^8_VOM;R3(06 XQN
M/KUKS32+;QD-?C*+J:W/F#S&E+;,9YR3P175A>5NM?E_KMY'GX_G4</9U-EZ
M_/S/0_B9=:];Z/;G1DD&X_Z0T*[G7@8Q[=:S?A3>>(;B2X751<-8A<H]PN&W
M9Z GDUK_ !&CU]]%@&A&3S,_Z0(#AR,=O;KTK/\ A;%XDC:Y_MS[2+/;^[%R
M<ONSVSSC%<L''ZD_AO\ B=]12_M2/QVM_P!N[?U?S/+];^/NIV.LWELN@Z=)
M]GF:-7:1LD X]*]?OM4DUOX2W6IS1K%)=Z4\S(IR%+1DX%?'/BW_ )&?5O\
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MZ_7BNNM;>.UMXX(%"1QC:H%+)!%*R-)&CLARI89P?:I*3E=6 ****D HHHH
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MP,DA9@?4'K1=<UP((DUG>N^'3 F>=N[./:MD5BCPY:#I<7__ (%/_C6RB[5
M&3@8YJ7;H M%%%( HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH __9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
