BOGOTA,
Colombia, May 20, 2024 /PRNewswire/ -- Ecopetrol
S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol") reports that on
May 20, 2024, the ordinary meetings
for bondholders of Ecopetrol's 2010 and 2013 local bonds were held,
in accordance with the notices published on May 9, 2024 by Alianza Valores Fiduciaria S.A.
and Itaú Fiduciaria Colombia S.A., as representatives of the 2010
bonds and the 2013 bonds, respectively, in a widely circulated
newspaper.
Itaú Fiduciaria Colombia S.A. held the meeting for bondholders
of the 2013 bonds, today at 8:00
a.m., and registered a quorum corresponding to 0.16% of the
outstanding 2013 bonds.
Alianza Valores Fiduciaria S.A. held the meeting for bondholders
of the 2010 bonds, today at 10:00
a.m., and registered a quorum corresponding to 5.28% of the
outstanding 2010 bonds.
In accordance with article 6.4.1.1.22 of Decree 2555 of 2010, a
decision to approve a statutory reform must be taken by the
favorable vote of the majority of bondholders present at the
meeting who also represent eighty percent (80%) of the outstanding
bonds. Therefore, given that such eighty percent (80%) was not
present at the meetings, a second call to approve the statutory
reform approved by Ecopetrol's shareholders on March 22, 2024, will be published tomorrow on
May 21, 2024 by Alianza Valores
Fiduciaria S.A. and Itaú Fiduciaria Colombia S.A. in a widely
circulated newspaper.
For more information about the general conditions to attend the
bondholders assemblies, please visit the following link:
https://www.ecopetrol.com.co/wps/portal/Home/es/Inversionistas/asamblea-de-tenedores-de-bonos
Ecopetrol is the largest company in Colombia and one of the main integrated energy
companies in the American continent, with more than 18,000
employees. In Colombia, it is
responsible for more than 60% of the hydrocarbon production of most
transportation, logistics, and hydrocarbon refining systems, and it
holds leading positions in the petrochemicals and gas distribution
segments. With the acquisition of 51.4% of ISA's shares, the
company participates in energy transmission, the management of
real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the
international level, Ecopetrol has a stake in strategic basins in
the American continent, with Drilling and Exploration operations in
the United States (Permian basin
and the Gulf of Mexico),
Brazil, and Mexico, and, through ISA and its subsidiaries,
Ecopetrol holds leading positions in the power transmission
business in Brazil, Chile, Peru,
and Bolivia, road concessions in Chile, and the telecommunications sector. This
press release contains business prospect statements, operating and
financial result estimates, and statements related to Ecopetrol's
growth prospects. These are all projections and, as such, they are
based solely on the expectations of the managers regarding the
future of the company and their continued access to capital to
finance the company's business plan. The realization of said
estimates in the future depends on the behavior of market
conditions, regulations, competition, and the performance of the
Colombian economy and the industry, among other factors, and are
consequently subject to change without prior notice.
This release contains statements that may be considered
forward-looking statements within the meaning of Section 27A of the
U.S. Securities Act of 1933, as amended, and Section 21E of the
U.S. Securities Exchange Act of 1934, as amended. All
forward-looking statements, whether made in this release or in
future filings or press releases, or orally, address matters that
involve risks and uncertainties, including in respect of the
Company's prospects for growth and its ongoing access to capital to
fund the Company's business plan, among others. Consequently,
changes in the following factors, among others, could cause actual
results to differ materially from those included in the
forward-looking statements: market prices of oil & gas, our
exploration, and production activities, market conditions,
applicable regulations, the exchange rate, the Company's
competitiveness and the performance of Colombia's economy and industry, to mention a
few. We do not intend and do not assume any obligation to update
these forward-looking statements.
For more information, please contact:
Head of Capital Markets
Carolina Tovar Aragón
Email: investors@ecopetrol.com.co
Head of Corporate Communications
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co
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SOURCE Ecopetrol S.A.